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[{"start": "00:00:00", "end": "00:00:03", "text": "You know, all these types of stocks, all"}, {"start": "00:00:02", "end": "00:00:06", "text": "these things are cleared and settled"}, {"start": "00:00:03", "end": "00:00:06", "text": "through the DTCC, and that is mandated"}, {"start": "00:00:06", "end": "00:00:09", "text": "by law."}, {"start": "00:00:06", "end": "00:00:12", "text": ">> Big moment today for crypto with the"}, {"start": "00:00:09", "end": "00:00:14", "text": "DTCC, that's the Depository Trust &"}, {"start": "00:00:12", "end": "00:00:16", "text": "Clearing Corporation, which is massive."}, {"start": "00:00:14", "end": "00:00:17", "text": ">> They settle two to four quadrillion"}, {"start": "00:00:16", "end": "00:00:19", "text": "dollars a year."}, {"start": "00:00:17", "end": "00:00:20", "text": ">> Did you say quadrillion?"}, {"start": "00:00:19", "end": "00:00:22", "text": ">> Quadrillion."}, {"start": "00:00:20", "end": "00:00:22", "text": ">> Quadrillion."}, {"start": "00:00:22", "end": "00:00:24", "text": ">> That's right."}, {"start": "00:00:22", "end": "00:00:27", "text": ">> This is the reason we're seeing certain"}, {"start": "00:00:24", "end": "00:00:30", "text": "altcoins start to pump. Watch today's"}, {"start": "00:00:27", "end": "00:00:33", "text": "whole video so you understand which"}, {"start": "00:00:30", "end": "00:00:36", "text": "coins and what comes next. But the DTCC,"}, {"start": "00:00:33", "end": "00:00:38", "text": "which settles and safeguards most stock"}, {"start": "00:00:36", "end": "00:00:40", "text": "and bond transactions in the United"}, {"start": "00:00:38", "end": "00:00:43", "text": "States, that's the reason this is so"}, {"start": "00:00:40", "end": "00:00:46", "text": "massive as explained by Chainlink CEO"}, {"start": "00:00:43", "end": "00:00:47", "text": "Sergey Nazarov on the Bankless podcast."}, {"start": "00:00:46", "end": "00:00:48", "text": ">> That's that's what I'm talking about."}, {"start": "00:00:47", "end": "00:00:50", "text": "This is this is what people need to"}, {"start": "00:00:48", "end": "00:00:52", "text": "understand. I'm not talking about"}, {"start": "00:00:50", "end": "00:00:53", "text": "another trillion. I'm talking about"}, {"start": "00:00:52", "end": "00:00:56", "text": "quadrillions."}, {"start": "00:00:53", "end": "00:00:58", "text": ">> is bringing together Wall Street giants"}, {"start": "00:00:56", "end": "00:01:00", "text": "to demonstrate how blockchain-based"}, {"start": "00:00:58", "end": "00:01:02", "text": "assets could integrate with the"}, {"start": "00:01:00", "end": "00:01:04", "text": "traditional financial system. They have"}, {"start": "00:01:02", "end": "00:01:05", "text": "partnered with JP Morgan, they have"}, {"start": "00:01:04", "end": "00:01:07", "text": "partnered with BlackRock, they have"}, {"start": "00:01:05", "end": "00:01:09", "text": "partnered with Goldman to begin their"}, {"start": "00:01:07", "end": "00:01:12", "text": "first tokenized stock and treasury"}, {"start": "00:01:09", "end": "00:01:14", "text": "production trades. If you are in New"}, {"start": "00:01:12", "end": "00:01:16", "text": "York, you probably saw this. In fact,"}, {"start": "00:01:14", "end": "00:01:18", "text": "comment down below. This was a big big"}, {"start": "00:01:16", "end": "00:01:20", "text": "deal for anybody trading perpetuals,"}, {"start": "00:01:18", "end": "00:01:22", "text": "which in my opinion is one of the"}, {"start": "00:01:20", "end": "00:01:25", "text": "easiest ways to long or short crypto"}, {"start": "00:01:22", "end": "00:01:27", "text": "trade the market. Let's take 30 seconds"}, {"start": "00:01:25", "end": "00:01:30", "text": "and thank exchange partner Kelp sheet."}, {"start": "00:01:27", "end": "00:01:32", "text": "Kelp sheet perpetuals are CFTC"}, {"start": "00:01:30", "end": "00:01:34", "text": "regulated, which I like. The first US"}, {"start": "00:01:32", "end": "00:01:37", "text": "company to offer perpetuals, and it's a"}, {"start": "00:01:34", "end": "00:01:39", "text": "way to make money in this market trading"}, {"start": "00:01:37", "end": "00:01:42", "text": "altcoins whether the price goes up or"}, {"start": "00:01:39", "end": "00:01:43", "text": "whether the price goes down. Anybody"}, {"start": "00:01:42", "end": "00:01:46", "text": "looking to learn, I recommend you check"}, {"start": "00:01:43", "end": "00:01:48", "text": "out my video how to start trading perps"}, {"start": "00:01:46", "end": "00:01:51", "text": "as a beginner in 2026 in under 12"}, {"start": "00:01:48", "end": "00:01:53", "text": "minutes. This will make you an expert,"}, {"start": "00:01:51", "end": "00:01:56", "text": "and limited time anybody looking to"}, {"start": "00:01:53", "end": "00:01:58", "text": "trade altcoins, trade perpetuals. Kelp"}, {"start": "00:01:56", "end": "00:02:00", "text": "sheet is running a special promo, trade"}, {"start": "00:01:58", "end": "00:02:04", "text": "10 get 10 only with referral code"}, {"start": "00:02:00", "end": "00:02:06", "text": "Altcoin. Link down below. Get the $10,"}, {"start": "00:02:04", "end": "00:02:07", "text": "take advantage. Thank you, Kelp she for"}, {"start": "00:02:06", "end": "00:02:09", "text": "being a channel sponsor. And just so you"}, {"start": "00:02:07", "end": "00:02:12", "text": "understand the significance of all this,"}, {"start": "00:02:09", "end": "00:02:15", "text": "exactly what the DTCC is."}, {"start": "00:02:12", "end": "00:02:18", "text": ">> DTCC is really the backbone of of Wall"}, {"start": "00:02:15", "end": "00:02:21", "text": "Street. We were established some 53"}, {"start": "00:02:18", "end": "00:02:23", "text": "years ago, give or take, by"}, {"start": "00:02:21", "end": "00:02:26", "text": "by Congress to at the time"}, {"start": "00:02:23", "end": "00:02:28", "text": "deal with what was called the paperwork"}, {"start": "00:02:26", "end": "00:02:29", "text": "the paper"}, {"start": "00:02:28", "end": "00:02:31", "text": "work crisis."}, {"start": "00:02:29", "end": "00:02:34", "text": "So this is at a time where stocks were"}, {"start": "00:02:31", "end": "00:02:36", "text": "booming and you had messengers going up"}, {"start": "00:02:34", "end": "00:02:38", "text": "and down Wall Street, but the trading"}, {"start": "00:02:36", "end": "00:02:40", "text": "became so much."}, {"start": "00:02:38", "end": "00:02:42", "text": "Firms also realized that they were all"}, {"start": "00:02:40", "end": "00:02:46", "text": "doing redundant things, so they got"}, {"start": "00:02:42", "end": "00:02:51", "text": "together and created DTCC. So in a way"}, {"start": "00:02:46", "end": "00:02:53", "text": "we are being true to our to our mission"}, {"start": "00:02:51", "end": "00:02:55", "text": "as we push forward with tokenization and"}, {"start": "00:02:53", "end": "00:02:58", "text": "other digital assets today."}, {"start": "00:02:55", "end": "00:03:00", "text": ">> So the global tokenization market is set"}, {"start": "00:02:58", "end": "00:03:04", "text": "to grow much much bigger in the next 10"}, {"start": "00:03:00", "end": "00:03:06", "text": "years. The DTCC is just the next domino"}, {"start": "00:03:04", "end": "00:03:08", "text": "to fall as they process quadrillions of"}, {"start": "00:03:06", "end": "00:03:10", "text": "transactions per year."}, {"start": "00:03:08", "end": "00:03:13", "text": ">> We have about 100 trillion dollars in"}, {"start": "00:03:10", "end": "00:03:16", "text": "assets, 1.4 million Q-sips within our"}, {"start": "00:03:13", "end": "00:03:19", "text": "custody. We're allowing our participants"}, {"start": "00:03:16", "end": "00:03:21", "text": "and their clients to have an the ability"}, {"start": "00:03:19", "end": "00:03:22", "text": "of leveraging tokenized assets as"}, {"start": "00:03:21", "end": "00:03:24", "text": "collateral and you can move that"}, {"start": "00:03:22", "end": "00:03:26", "text": "collateral literally at the speed of the"}, {"start": "00:03:24", "end": "00:03:29", "text": "network. But think about it, if you're"}, {"start": "00:03:26", "end": "00:03:32", "text": "you're from Kyoto, right? So if you're"}, {"start": "00:03:29", "end": "00:03:34", "text": "trying to finance security during"}, {"start": "00:03:32", "end": "00:03:35", "text": "Japanese trading hours, we're asleep"}, {"start": "00:03:34", "end": "00:03:37", "text": "here in the US and you want to use a US"}, {"start": "00:03:35", "end": "00:03:40", "text": "security, you do so. If it's in your"}, {"start": "00:03:37", "end": "00:03:42", "text": "wallet, you can move it, you can use it."}, {"start": "00:03:40", "end": "00:03:44", "text": "And this is just the beginning of what"}, {"start": "00:03:42", "end": "00:03:47", "text": "we believe over a period of time that we"}, {"start": "00:03:44", "end": "00:03:49", "text": "will rebuild the infrastructure and the"}, {"start": "00:03:47", "end": "00:03:51", "text": "rails of the US capital markets."}, {"start": "00:03:49", "end": "00:03:54", "text": ">> And I do just want to be clear that this"}, {"start": "00:03:51", "end": "00:03:56", "text": "is just a trial run to show what's"}, {"start": "00:03:54", "end": "00:03:58", "text": "possible. This was them teaming up with"}, {"start": "00:03:56", "end": "00:04:03", "text": "BlackRock and JP Morgan and Goldman"}, {"start": "00:03:58", "end": "00:04:05", "text": "Sachs and 25 total other firms"}, {"start": "00:04:03", "end": "00:04:06", "text": "to show that tokenization makes things"}, {"start": "00:04:05", "end": "00:04:09", "text": "better."}, {"start": "00:04:06", "end": "00:04:12", "text": "The DTCC's trial run is a tangible step"}, {"start": "00:04:09", "end": "00:04:14", "text": "towards adoption, though it remains an"}, {"start": "00:04:12", "end": "00:04:16", "text": "early phase. Wednesday's event is meant"}, {"start": "00:04:14", "end": "00:04:19", "text": "to demonstrate how tokenized assets can"}, {"start": "00:04:16", "end": "00:04:22", "text": "operate across collateral, repo,"}, {"start": "00:04:19", "end": "00:04:24", "text": "equities, margin, and asset transfers by"}, {"start": "00:04:22", "end": "00:04:28", "text": "leveraging the existing financial"}, {"start": "00:04:24", "end": "00:04:30", "text": "system. And the big question is, which"}, {"start": "00:04:28", "end": "00:04:33", "text": "blockchain or blockchains did they"}, {"start": "00:04:30", "end": "00:04:36", "text": "choose? For example, JP Morgan completed"}, {"start": "00:04:33", "end": "00:04:38", "text": "a live tokenization. They tokenized"}, {"start": "00:04:36", "end": "00:04:42", "text": "Invesco's QQQ. This is one of the"}, {"start": "00:04:38", "end": "00:04:44", "text": "world's most traded ETFs have now been"}, {"start": "00:04:42", "end": "00:04:46", "text": "tokenized by JP Morgan as part of"}, {"start": "00:04:44", "end": "00:04:48", "text": "today's activity."}, {"start": "00:04:46", "end": "00:04:50", "text": ">> In our first update of the day, JP"}, {"start": "00:04:48", "end": "00:04:54", "text": "Morgan successfully tokenized the"}, {"start": "00:04:50", "end": "00:04:57", "text": "Invesco NASDAQ 100 ETF, which trades"}, {"start": "00:04:54", "end": "00:05:00", "text": "under the ticker QQQ. QQQ is one of the"}, {"start": "00:04:57", "end": "00:05:00", "text": "most highly liquid and traded ETFs in"}, {"start": "00:05:00", "end": "00:05:02", "text": "the world."}, {"start": "00:05:00", "end": "00:05:03", "text": ">> Listen to how they educate the"}, {"start": "00:05:02", "end": "00:05:05", "text": "traditional users."}, {"start": "00:05:03", "end": "00:05:08", "text": ">> So, let's talk about the benefits of"}, {"start": "00:05:05", "end": "00:05:10", "text": "that. What can a digital twin of QQQ do"}, {"start": "00:05:08", "end": "00:05:13", "text": "that the traditional asset cannot?"}, {"start": "00:05:10", "end": "00:05:16", "text": ">> Sure. An asset on a blockchain can be"}, {"start": "00:05:13", "end": "00:05:18", "text": "moved 24/7 365. So, it enables the"}, {"start": "00:05:16", "end": "00:05:19", "text": "market to move assets at the speed of"}, {"start": "00:05:18", "end": "00:05:21", "text": "the internet."}, {"start": "00:05:19", "end": "00:05:23", "text": "It also, through smart contracts,"}, {"start": "00:05:21", "end": "00:05:24", "text": "enables programmability. So, assets can"}, {"start": "00:05:23", "end": "00:05:26", "text": "be programmed to be moved in a more"}, {"start": "00:05:24", "end": "00:05:26", "text": "automated and systemic way."}, {"start": "00:05:26", "end": "00:05:28", "text": ">> Okay."}, {"start": "00:05:26", "end": "00:05:31", "text": ">> And of course, for those of you asking,"}, {"start": "00:05:28", "end": "00:05:33", "text": "Austin, just tell me what coins to buy."}, {"start": "00:05:31", "end": "00:05:35", "text": "Just tell me what coins this is"}, {"start": "00:05:33", "end": "00:05:36", "text": "happening on. And number one, I'm not a"}, {"start": "00:05:35", "end": "00:05:38", "text": "financial advisor, make your own"}, {"start": "00:05:36", "end": "00:05:41", "text": "decisions. You just subscribe to Altcoin"}, {"start": "00:05:38", "end": "00:05:43", "text": "Daily to stay up to date with the news."}, {"start": "00:05:41", "end": "00:05:45", "text": "And as explained by Bloomberg senior"}, {"start": "00:05:43", "end": "00:05:47", "text": "analyst Eric Balchunas,"}, {"start": "00:05:45", "end": "00:05:50", "text": "many asking what blockchain they are"}, {"start": "00:05:47", "end": "00:05:53", "text": "using. Here's the answer. The digital"}, {"start": "00:05:50", "end": "00:05:57", "text": "conversions occurred on Hyperledger"}, {"start": "00:05:53", "end": "00:06:00", "text": "Besu, which is DTCC's private network,"}, {"start": "00:05:57", "end": "00:06:04", "text": "and Canton. That's the ticker CC, a"}, {"start": "00:06:00", "end": "00:06:06", "text": "public network. This is part of DTCC's"}, {"start": "00:06:04", "end": "00:06:08", "text": "multi-chain strategy to ensure"}, {"start": "00:06:06", "end": "00:06:11", "text": "resiliency, stability, and choice. So,"}, {"start": "00:06:08", "end": "00:06:13", "text": "they chose their own private network,"}, {"start": "00:06:11", "end": "00:06:16", "text": "and then Canton. Do you guys know"}, {"start": "00:06:13", "end": "00:06:18", "text": "Canton? It's relatively new, and while"}, {"start": "00:06:16", "end": "00:06:22", "text": "it is a public blockchain, and it's only"}, {"start": "00:06:18", "end": "00:06:24", "text": "been alive since the end of last year,"}, {"start": "00:06:22", "end": "00:06:26", "text": "it is heavily centralized in terms of"}, {"start": "00:06:24", "end": "00:06:29", "text": "who holds the tokens. Heavily"}, {"start": "00:06:26", "end": "00:06:30", "text": "centralized by these big Wall Street"}, {"start": "00:06:29", "end": "00:06:32", "text": "entities. This is basically them"}, {"start": "00:06:30", "end": "00:06:36", "text": "creating a blockchain that they can"}, {"start": "00:06:32", "end": "00:06:39", "text": "control. And as Wall Street chose to"}, {"start": "00:06:36", "end": "00:06:40", "text": "tokenize the SPY, the QQQ, Microsoft"}, {"start": "00:06:39", "end": "00:06:43", "text": "stock, etc.,"}, {"start": "00:06:40", "end": "00:06:44", "text": "they chose the chain that they control."}, {"start": "00:06:43", "end": "00:06:47", "text": "Now, I will say,"}, {"start": "00:06:44", "end": "00:06:49", "text": "if they want liquidity, if they want"}, {"start": "00:06:47", "end": "00:06:52", "text": "global access, if they want a global"}, {"start": "00:06:49", "end": "00:06:55", "text": "community to start trading the QQQ"}, {"start": "00:06:52", "end": "00:06:57", "text": "on uh in this new tokenized way, they"}, {"start": "00:06:55", "end": "00:07:00", "text": "want to access they'll need to access"}, {"start": "00:06:57", "end": "00:07:01", "text": "the liquidity of Ethereum, the liquidity"}, {"start": "00:07:00", "end": "00:07:03", "text": "of Solana,"}, {"start": "00:07:01", "end": "00:07:05", "text": "eventually, maybe on the rollout this"}, {"start": "00:07:03", "end": "00:07:07", "text": "year, later this year. Of course, that"}, {"start": "00:07:05", "end": "00:07:09", "text": "was just what JP Morgan chose for the"}, {"start": "00:07:07", "end": "00:07:11", "text": "QQQ. There's other coins being used. For"}, {"start": "00:07:09", "end": "00:07:14", "text": "example, Ondo."}, {"start": "00:07:11", "end": "00:07:18", "text": "Ondo launches first tokenized stock"}, {"start": "00:07:14", "end": "00:07:21", "text": "representations on the DTCC service."}, {"start": "00:07:18", "end": "00:07:26", "text": "The initiative includes CircleOn and"}, {"start": "00:07:21", "end": "00:07:28", "text": "SPYOn as digital twins of DTC-held"}, {"start": "00:07:26", "end": "00:07:30", "text": "securities. So, they're choosing Ondo."}, {"start": "00:07:28", "end": "00:07:32", "text": "Another big piece of news that Ondo"}, {"start": "00:07:30", "end": "00:07:34", "text": "holders will like,"}, {"start": "00:07:32", "end": "00:07:37", "text": "this just happened today."}, {"start": "00:07:34", "end": "00:07:41", "text": "Ondo Finance has partnered with Japan's"}, {"start": "00:07:37", "end": "00:07:43", "text": "SBI Group to tokenize Japanese assets"}, {"start": "00:07:41", "end": "00:07:46", "text": "and enable settlement and enable"}, {"start": "00:07:43", "end": "00:07:49", "text": "settlement using JPYSC stablecoin, the"}, {"start": "00:07:46", "end": "00:07:52", "text": "Japanese Yen stablecoin. Also, this is"}, {"start": "00:07:49", "end": "00:07:54", "text": "big. Citadel, which is a name brand in"}, {"start": "00:07:52", "end": "00:07:57", "text": "investing in traditional finance, they"}, {"start": "00:07:54", "end": "00:08:01", "text": "chose crypto.com and their CRO token."}, {"start": "00:07:57", "end": "00:08:03", "text": "Citadel Securities invests $400 million"}, {"start": "00:08:01", "end": "00:08:05", "text": "in crypto.com"}, {"start": "00:08:03", "end": "00:08:08", "text": "at a $20 billion valuation."}, {"start": "00:08:05", "end": "00:08:11", "text": "Ken Griffin's market making giant"}, {"start": "00:08:08", "end": "00:08:13", "text": "Citadel is taking a strategic stake in"}, {"start": "00:08:11", "end": "00:08:17", "text": "the Singapore-based exchange, which"}, {"start": "00:08:13", "end": "00:08:20", "text": "serves over 140 million users globally."}, {"start": "00:08:17", "end": "00:08:22", "text": "CRO surged 18% on the news. Pay"}, {"start": "00:08:20", "end": "00:08:24", "text": "attention to what the big money does,"}, {"start": "00:08:22", "end": "00:08:26", "text": "not just what they say, but what they"}, {"start": "00:08:24", "end": "00:08:28", "text": "do. And then, of course, we know the"}, {"start": "00:08:26", "end": "00:08:30", "text": "other altcoin that truly does benefit"}, {"start": "00:08:28", "end": "00:08:33", "text": "from the DTCC,"}, {"start": "00:08:30", "end": "00:08:35", "text": "Chainlink. Link partnering with DTCC is"}, {"start": "00:08:33", "end": "00:08:37", "text": "such a massive accomplishment. This"}, {"start": "00:08:35", "end": "00:08:39", "text": "happened about 2 and 1/2 months ago in"}, {"start": "00:08:37", "end": "00:08:41", "text": "May. Everything will be on chain and"}, {"start": "00:08:39", "end": "00:08:44", "text": "everything will be using oracles like"}, {"start": "00:08:41", "end": "00:08:46", "text": "Link for their data. This is an ongoing"}, {"start": "00:08:44", "end": "00:08:49", "text": "story, a big week to be invested in"}, {"start": "00:08:46", "end": "00:08:52", "text": "crypto because today President Trump has"}, {"start": "00:08:49", "end": "00:08:54", "text": "met, I think, we don't know, is meeting"}, {"start": "00:08:52", "end": "00:08:57", "text": "with senators to discuss the Crypto"}, {"start": "00:08:54", "end": "00:08:59", "text": "Clarity Act in anticipation to tomorrow,"}, {"start": "00:08:57", "end": "00:09:02", "text": "the US House Committee on Financial"}, {"start": "00:08:59", "end": "00:09:05", "text": "Services will be having a hearing."}, {"start": "00:09:02", "end": "00:09:07", "text": "Again, to talk this out, let's pass"}, {"start": "00:09:05", "end": "00:09:09", "text": "clarity. The minute I get an update on"}, {"start": "00:09:07", "end": "00:09:13", "text": "any of this, I'll keep you updated. Have"}, {"start": "00:09:09", "end": "00:09:13", "text": "bell notifications on."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "I am bullish, my friends. Bitcoin is"}, {"start": "00:00:03", "end": "00:00:09", "text": "bottoming. Sure, Bitcoin can go a little"}, {"start": "00:00:06", "end": "00:00:12", "text": "bit lower, but it also could go a lot"}, {"start": "00:00:09", "end": "00:00:14", "text": "higher. According to Fidelity's model,"}, {"start": "00:00:12", "end": "00:00:18", "text": "Bitcoin is already in the accumulation"}, {"start": "00:00:14", "end": "00:00:21", "text": "zone. A final drop towards 56,500"}, {"start": "00:00:18", "end": "00:00:24", "text": "can't be ruled out, but Bitcoin is"}, {"start": "00:00:21", "end": "00:00:27", "text": "bottoming in this zone. Check this out."}, {"start": "00:00:24", "end": "00:00:30", "text": "Bitcoin's weekly death cross signal has"}, {"start": "00:00:27", "end": "00:00:32", "text": "flashed. It sounds bad, but in the past,"}, {"start": "00:00:30", "end": "00:00:34", "text": "by the time this signal had flashed,"}, {"start": "00:00:32", "end": "00:00:36", "text": "Bitcoin's bear market was nearly ending."}, {"start": "00:00:34", "end": "00:00:39", "text": "[music] More and more signs confirming"}, {"start": "00:00:36", "end": "00:00:42", "text": "my belief that the accumulation season"}, {"start": "00:00:39", "end": "00:00:45", "text": "is back. It is very possible we see a"}, {"start": "00:00:42", "end": "00:00:48", "text": "triple bottom. Analyst Psychedelic, a"}, {"start": "00:00:45", "end": "00:00:51", "text": "7-year crypto veteran, writes, \"This is"}, {"start": "00:00:48", "end": "00:00:54", "text": "my main idea for Bitcoin. I'm 90% sure"}, {"start": "00:00:51", "end": "00:00:56", "text": "that the macro low is in. I give 10% to"}, {"start": "00:00:54", "end": "00:00:59", "text": "the realized cap being tested, Bitcoin"}, {"start": "00:00:56", "end": "00:01:01", "text": "going to 54,000, but outside that, I"}, {"start": "00:00:59", "end": "00:01:04", "text": "think we get a triple tap here on"}, {"start": "00:01:01", "end": "00:01:06", "text": "Bitcoin before running it up to 70,000."}, {"start": "00:01:04", "end": "00:01:09", "text": "My Bitcoin relative strength indicator"}, {"start": "00:01:06", "end": "00:01:12", "text": "has flashed a quadruple buy signal, and"}, {"start": "00:01:09", "end": "00:01:14", "text": "it never has let me down. I also think"}, {"start": "00:01:12", "end": "00:01:17", "text": "the bearish cries will be very loud"}, {"start": "00:01:14", "end": "00:01:17", "text": "[music] at 60K.\""}]

[{"start": "00:00:00", "end": "00:00:03", "text": "I'm very bullish on the markets over the"}, {"start": "00:00:02", "end": "00:00:07", "text": "next 12 months."}, {"start": "00:00:03", "end": "00:00:10", "text": ">> CEO of BlackRock, Larry Fink, is bullish"}, {"start": "00:00:07", "end": "00:00:13", "text": "on markets over the next 12 months,"}, {"start": "00:00:10", "end": "00:00:17", "text": "including being bullish on Bitcoin,"}, {"start": "00:00:13", "end": "00:00:20", "text": "Ethereum, and crypto. On CNBC earlier"}, {"start": "00:00:17", "end": "00:00:22", "text": "today, he brought up crypto himself,"}, {"start": "00:00:20", "end": "00:00:25", "text": "saying there is too much leverage in"}, {"start": "00:00:22", "end": "00:00:27", "text": "crypto. Now it has been flushed out."}, {"start": "00:00:25", "end": "00:00:29", "text": "There's more stability at these levels,"}, {"start": "00:00:27", "end": "00:00:32", "text": "and over the next 12 months, he's"}, {"start": "00:00:29", "end": "00:00:34", "text": "bullish. Smash the like button. Listen."}, {"start": "00:00:32", "end": "00:00:36", "text": ">> There is no question, as I said it in"}, {"start": "00:00:34", "end": "00:00:38", "text": "earlier times that I was here, I was"}, {"start": "00:00:36", "end": "00:00:41", "text": "always worried about the leverage in in"}, {"start": "00:00:38", "end": "00:00:43", "text": "Bitcoin and crypto. There was too much"}, {"start": "00:00:41", "end": "00:00:44", "text": "leverage players in it. That's why we"}, {"start": "00:00:43", "end": "00:00:46", "text": "had the wash out, and I think there's"}, {"start": "00:00:44", "end": "00:00:50", "text": "more stability at these levels here."}, {"start": "00:00:46", "end": "00:00:52", "text": "But, um no, I I we don't see that much"}, {"start": "00:00:50", "end": "00:00:54", "text": "implicit leverage. For the scale of the"}, {"start": "00:00:52", "end": "00:00:58", "text": "capital markets today, the leverage is"}, {"start": "00:00:54", "end": "00:01:00", "text": "not as large. I mean, that"}, {"start": "00:00:58", "end": "00:01:01", "text": "That doesn't mean there's not pockets."}, {"start": "00:01:00", "end": "00:01:04", "text": "Uh"}, {"start": "00:01:01", "end": "00:01:06", "text": "but, no, I I I as I said in my prepared"}, {"start": "00:01:04", "end": "00:01:08", "text": "remarks this morning, I'm very bullish"}, {"start": "00:01:06", "end": "00:01:10", "text": "on the markets over the next 12 months."}, {"start": "00:01:08", "end": "00:01:12", "text": "I think the technological revolution is"}, {"start": "00:01:10", "end": "00:01:14", "text": "going to power"}, {"start": "00:01:12", "end": "00:01:15", "text": "uh better margins for more companies. I"}, {"start": "00:01:14", "end": "00:01:17", "text": "mean, think about BlackRock. We've"}, {"start": "00:01:15", "end": "00:01:19", "text": "raised Our margins increased by 260"}, {"start": "00:01:17", "end": "00:01:20", "text": "basis points over the last 12 months. A"}, {"start": "00:01:19", "end": "00:01:21", "text": "lot of it is using more and more"}, {"start": "00:01:20", "end": "00:01:24", "text": "technology."}, {"start": "00:01:21", "end": "00:01:26", "text": ">> So, BlackRock is bullish, and they"}, {"start": "00:01:24", "end": "00:01:28", "text": "recently outlined their vision for"}, {"start": "00:01:26", "end": "00:01:31", "text": "crypto and traditional finance"}, {"start": "00:01:28", "end": "00:01:33", "text": "converging. So, understand that"}, {"start": "00:01:31", "end": "00:01:36", "text": "BlackRock isn't only bullish on the"}, {"start": "00:01:33", "end": "00:01:39", "text": "underlying investable assets, they are"}, {"start": "00:01:36", "end": "00:01:42", "text": "in it for the technology as well, as"}, {"start": "00:01:39", "end": "00:01:45", "text": "BlackRock's CFO confirmed, they want it,"}, {"start": "00:01:42", "end": "00:01:48", "text": "so investors never need to leave digital"}, {"start": "00:01:45", "end": "00:01:50", "text": "wallets to allocate efficiently across"}, {"start": "00:01:48", "end": "00:01:53", "text": "crypto, stablecoins, and exposure to"}, {"start": "00:01:50", "end": "00:01:56", "text": "long-term stocks and bonds. BlackRock"}, {"start": "00:01:53", "end": "00:01:58", "text": "also seeks to eventually offer tokenized"}, {"start": "00:01:56", "end": "00:02:01", "text": "long-term investments like Treasury"}, {"start": "00:01:58", "end": "00:02:04", "text": "funds, iShares ETFs, and even private"}, {"start": "00:02:01", "end": "00:02:07", "text": "markets. And they have reiterated that"}, {"start": "00:02:04", "end": "00:02:10", "text": "crypto and tokenization are a pure"}, {"start": "00:02:07", "end": "00:02:12", "text": "organic growth opportunity for them. We"}, {"start": "00:02:10", "end": "00:02:14", "text": "always knew this was Larry Fink's plan,"}, {"start": "00:02:12", "end": "00:02:17", "text": "and it's interesting to see him still"}, {"start": "00:02:14", "end": "00:02:19", "text": "being bullish at the lows. But he's been"}, {"start": "00:02:17", "end": "00:02:22", "text": "bullish on tokenization and Ethereum,"}, {"start": "00:02:19", "end": "00:02:23", "text": "tokenizing the world via Ethereum for"}, {"start": "00:02:22", "end": "00:02:26", "text": "quite some time."}, {"start": "00:02:23", "end": "00:02:28", "text": ">> I see value in having an Ethereum ETF."}, {"start": "00:02:26", "end": "00:02:30", "text": "As I said, these are just start stepping"}, {"start": "00:02:28", "end": "00:02:30", "text": "stones towards tokenization."}, {"start": "00:02:30", "end": "00:02:33", "text": ">> [music]"}, {"start": "00:02:30", "end": "00:02:34", "text": ">> And I I really do believe this is where"}, {"start": "00:02:33", "end": "00:02:37", "text": "we're going to be going. We have the"}, {"start": "00:02:34", "end": "00:02:38", "text": "technology to tokenize today. If you"}, {"start": "00:02:37", "end": "00:02:42", "text": "want to talk about Think about this. If"}, {"start": "00:02:38", "end": "00:02:45", "text": "you had a tokenized a security and you"}, {"start": "00:02:42", "end": "00:02:47", "text": "have a tokenized identity, you, Andrew,"}, {"start": "00:02:45", "end": "00:02:49", "text": "the moment you buy or sell an"}, {"start": "00:02:47", "end": "00:02:50", "text": "instrument, it is known. It's on a"}, {"start": "00:02:49", "end": "00:02:51", "text": "general ledger that is all created"}, {"start": "00:02:50", "end": "00:02:54", "text": "together."}, {"start": "00:02:51", "end": "00:02:56", "text": "Um you want to talk about issues around"}, {"start": "00:02:54", "end": "00:02:59", "text": "money laundering and all that. This"}, {"start": "00:02:56", "end": "00:03:00", "text": "eliminates all corruption by having a"}, {"start": "00:02:59", "end": "00:03:03", "text": "tokenized system."}, {"start": "00:03:00", "end": "00:03:06", "text": ">> And we're seeing a lot of competition in"}, {"start": "00:03:03", "end": "00:03:08", "text": "this space during the bear market"}, {"start": "00:03:06", "end": "00:03:12", "text": "preparing for the next bull market. Just"}, {"start": "00:03:08", "end": "00:03:16", "text": "in, Morgan Stanley has filed for spot"}, {"start": "00:03:12", "end": "00:03:19", "text": "Ethereum and spot Solana ETFs. They have"}, {"start": "00:03:16", "end": "00:03:22", "text": "just set their fees very competitive"}, {"start": "00:03:19", "end": "00:03:24", "text": "with BlackRock. The only reason we get"}, {"start": "00:03:22", "end": "00:03:28", "text": "the opportunity to see this is because"}, {"start": "00:03:24", "end": "00:03:31", "text": "they have to do these public disclosures"}, {"start": "00:03:28", "end": "00:03:33", "text": "as they're gearing up for launch. And"}, {"start": "00:03:31", "end": "00:03:35", "text": "what you should be taking away from this"}, {"start": "00:03:33", "end": "00:03:39", "text": "as just as everyone thinks the exact"}, {"start": "00:03:35", "end": "00:03:42", "text": "opposite is the case, we see, \"Oh,"}, {"start": "00:03:39", "end": "00:03:45", "text": "crypto really isn't going away. Crypto"}, {"start": "00:03:42", "end": "00:03:48", "text": "is here to stay for years, decades.\""}, {"start": "00:03:45", "end": "00:03:52", "text": "Prediction markets are showing a 50/50"}, {"start": "00:03:48", "end": "00:03:55", "text": "chance clarity passes this year. Yet"}, {"start": "00:03:52", "end": "00:03:59", "text": "less than 25 days left as the clock"}, {"start": "00:03:55", "end": "00:04:01", "text": "continues to tick, the Senate must clear"}, {"start": "00:03:59", "end": "00:04:04", "text": "clarity before they go into summer"}, {"start": "00:04:01", "end": "00:04:07", "text": "recess. Clarity Act has until August"}, {"start": "00:04:04", "end": "00:04:08", "text": "7th. Do you think Clarity Act passes or"}, {"start": "00:04:07", "end": "00:04:12", "text": "doesn't pass this year? There really"}, {"start": "00:04:08", "end": "00:04:15", "text": "seems to be three major disputes holding"}, {"start": "00:04:12", "end": "00:04:18", "text": "it back at this point. Stablecoin yield,"}, {"start": "00:04:15", "end": "00:04:19", "text": "developer liability, and ethics {slash}"}, {"start": "00:04:18", "end": "00:04:21", "text": "insider trading."}, {"start": "00:04:19", "end": "00:04:24", "text": ">> With three Democratic senators"}, {"start": "00:04:21", "end": "00:04:26", "text": "threatening to block the bill unless new"}, {"start": "00:04:24", "end": "00:04:29", "text": "ethics rules stop public officials from"}, {"start": "00:04:26", "end": "00:04:30", "text": "personally profiting from crypto. I"}, {"start": "00:04:29", "end": "00:04:32", "text": "think that's something we can all get"}, {"start": "00:04:30", "end": "00:04:34", "text": "behind. It seems like it is a big hold"}, {"start": "00:04:32", "end": "00:04:36", "text": "up. Trump insisting that all of his"}, {"start": "00:04:34", "end": "00:04:39", "text": "crypto profits were made before he took"}, {"start": "00:04:36", "end": "00:04:42", "text": "office and he has divested the ones his"}, {"start": "00:04:39", "end": "00:04:45", "text": "sons are doing. Anyways, Trump will be"}, {"start": "00:04:42", "end": "00:04:47", "text": "meeting with US senators tomorrow to"}, {"start": "00:04:45", "end": "00:04:50", "text": "discuss the Clarity Act. This is a day"}, {"start": "00:04:47", "end": "00:04:53", "text": "before Friday's hearing where we will"}, {"start": "00:04:50", "end": "00:04:56", "text": "see some of crypto's best and brightest"}, {"start": "00:04:53", "end": "00:04:59", "text": "minds come before Congress once again to"}, {"start": "00:04:56", "end": "00:05:02", "text": "articulate why the US needs to support"}, {"start": "00:04:59", "end": "00:05:03", "text": "the industry, why clarity needs to be"}, {"start": "00:05:02", "end": "00:05:05", "text": "passed."}, {"start": "00:05:03", "end": "00:05:07", "text": ">> Can you quickly explain how important it"}, {"start": "00:05:05", "end": "00:05:10", "text": "is for America to take the lead here,"}, {"start": "00:05:07", "end": "00:05:11", "text": "especially as we see China leaping"}, {"start": "00:05:10", "end": "00:05:12", "text": "ahead?"}, {"start": "00:05:11", "end": "00:05:15", "text": ">> Uh"}, {"start": "00:05:12", "end": "00:05:17", "text": "Yes, sir. We believe that the United"}, {"start": "00:05:15", "end": "00:05:21", "text": "States should be the premier destination"}, {"start": "00:05:17", "end": "00:05:23", "text": "for digital assets and as members of"}, {"start": "00:05:21", "end": "00:05:26", "text": "this committee the and the Senate are"}, {"start": "00:05:23", "end": "00:05:30", "text": "attempting to do, create good market"}, {"start": "00:05:26", "end": "00:05:32", "text": "structure around that so that US best"}, {"start": "00:05:30", "end": "00:05:34", "text": "practices are used around the world."}, {"start": "00:05:32", "end": "00:05:37", "text": ">> And that's really the point, right? Is"}, {"start": "00:05:34", "end": "00:05:39", "text": "having American US best practices to"}, {"start": "00:05:37", "end": "00:05:41", "text": "sort of set the pace for others to"}, {"start": "00:05:39", "end": "00:05:44", "text": "follow rather than us trying to fill in"}, {"start": "00:05:41", "end": "00:05:46", "text": "the holes that others that may be"}, {"start": "00:05:44", "end": "00:05:47", "text": "created by as others set that pace."}, {"start": "00:05:46", "end": "00:05:47", "text": ">> Uh"}, {"start": "00:05:47", "end": "00:05:50", "text": ">> [clears throat]"}, {"start": "00:05:47", "end": "00:05:53", "text": ">> Yes, sir. And also, that digital assets"}, {"start": "00:05:50", "end": "00:05:56", "text": "are important source of innovation that"}, {"start": "00:05:53", "end": "00:05:58", "text": "can drive usage of the US dollar around"}, {"start": "00:05:56", "end": "00:06:01", "text": "the world as with stablecoin"}, {"start": "00:05:58", "end": "00:06:04", "text": "legislation. There is speculation that"}, {"start": "00:06:01", "end": "00:06:07", "text": "there may be up to $2 trillion of demand"}, {"start": "00:06:04", "end": "00:06:09", "text": "over the next few years for US"}, {"start": "00:06:07", "end": "00:06:10", "text": "government securities from digital"}, {"start": "00:06:09", "end": "00:06:12", "text": "assets."}, {"start": "00:06:10", "end": "00:06:13", "text": ">> And just so we're clear, just so we're"}, {"start": "00:06:12", "end": "00:06:17", "text": "clear, although I hope clarity does"}, {"start": "00:06:13", "end": "00:06:20", "text": "pass, if clarity does not pass, we fall"}, {"start": "00:06:17", "end": "00:06:22", "text": "back to agency rulemaking, which will be"}, {"start": "00:06:20", "end": "00:06:23", "text": "good enough for now. You know, the SEC"}, {"start": "00:06:22", "end": "00:06:25", "text": "making rules, which they're making great"}, {"start": "00:06:23", "end": "00:06:28", "text": "rules. The CFTC making rules, they're"}, {"start": "00:06:25", "end": "00:06:30", "text": "making great rules. The Fed, etc., etc."}, {"start": "00:06:28", "end": "00:06:32", "text": "It will be difficult to unwind those"}, {"start": "00:06:30", "end": "00:06:35", "text": "rules. The law, the Clarity Act, would"}, {"start": "00:06:32", "end": "00:06:38", "text": "simply codify them, but the thing is,"}, {"start": "00:06:35", "end": "00:06:40", "text": "they can literally be codified much"}, {"start": "00:06:38", "end": "00:06:41", "text": "later. So, we want it to pass, it might"}, {"start": "00:06:40", "end": "00:06:45", "text": "not pass, wouldn't be the end of the"}, {"start": "00:06:41", "end": "00:06:49", "text": "world. A lot of reason to be bullish."}, {"start": "00:06:45", "end": "00:06:53", "text": "Ethereum staking ratio hits 33.7."}, {"start": "00:06:49", "end": "00:06:55", "text": "Over one out of every three ETH is off"}, {"start": "00:06:53", "end": "00:06:57", "text": "the market. Circulating supply is"}, {"start": "00:06:55", "end": "00:07:01", "text": "shrinking every day. Ethereum's"}, {"start": "00:06:57", "end": "00:07:04", "text": "ecosystem is booming as Robinhood Chain,"}, {"start": "00:07:01", "end": "00:07:10", "text": "which is an Ethereum layer two, surges"}, {"start": "00:07:04", "end": "00:07:13", "text": "from 3 million TVL to 3 23 million TVL"}, {"start": "00:07:10", "end": "00:07:15", "text": "in just two weeks with the top protocols"}, {"start": "00:07:13", "end": "00:07:17", "text": "being Robinhood app, but also tons of"}, {"start": "00:07:15", "end": "00:07:21", "text": "the dapp blue chips in the Ethereum"}, {"start": "00:07:17", "end": "00:07:24", "text": "ecosystem. Morpho and Ethana and Uniswap"}, {"start": "00:07:21", "end": "00:07:26", "text": "and Curve etc., etc. This is booming and"}, {"start": "00:07:24", "end": "00:07:29", "text": "growing and taking a look at the current"}, {"start": "00:07:26", "end": "00:07:33", "text": "state of the crypto market outside of"}, {"start": "00:07:29", "end": "00:07:37", "text": "Bitcoin, Ethereum is booming and growing"}, {"start": "00:07:33", "end": "00:07:39", "text": "as so much is built on top of Ethereum."}, {"start": "00:07:37", "end": "00:07:43", "text": "And while just a few years ago it was"}, {"start": "00:07:39", "end": "00:07:45", "text": "zero, now we have $30 billion dollars of"}, {"start": "00:07:43", "end": "00:07:49", "text": "tokenized assets already on chain. That"}, {"start": "00:07:45", "end": "00:07:52", "text": "number is forecasted to grow by 100 x"}, {"start": "00:07:49", "end": "00:07:55", "text": "over the next four to five years. There"}, {"start": "00:07:52", "end": "00:07:57", "text": "really is a lot of reason to be bullish"}, {"start": "00:07:55", "end": "00:08:00", "text": "on the blue chips and be bullish on this"}, {"start": "00:07:57", "end": "00:08:02", "text": "space and be confident that a bull"}, {"start": "00:08:00", "end": "00:08:05", "text": "market will come back to this space"}, {"start": "00:08:02", "end": "00:08:08", "text": "again, especially as the world continues"}, {"start": "00:08:05", "end": "00:08:11", "text": "to put pressure on the United States."}, {"start": "00:08:08", "end": "00:08:13", "text": "Breaking, Japan has officially passed a"}, {"start": "00:08:11", "end": "00:08:16", "text": "bill to legalize Bitcoin and crypto and"}, {"start": "00:08:13", "end": "00:08:19", "text": "they're now on a path to reduce crypto"}, {"start": "00:08:16", "end": "00:08:22", "text": "taxes from 55 to 20%."}, {"start": "00:08:19", "end": "00:08:25", "text": "The world's fourth largest economy is"}, {"start": "00:08:22", "end": "00:08:29", "text": "getting big on crypto and that is just"}, {"start": "00:08:25", "end": "00:08:33", "text": "the start. South Korea just made crypto"}, {"start": "00:08:29", "end": "00:08:36", "text": "part of its national assets. South Korea"}, {"start": "00:08:33", "end": "00:08:39", "text": "just made crypto and crypto financial"}, {"start": "00:08:36", "end": "00:08:43", "text": "products legal. And so with Bitcoin up,"}, {"start": "00:08:39", "end": "00:08:46", "text": "yet down at just under $65,000 at time"}, {"start": "00:08:43", "end": "00:08:48", "text": "of recording today, there's a lot of"}, {"start": "00:08:46", "end": "00:08:50", "text": "reason to think that the bottom is in."}, {"start": "00:08:48", "end": "00:08:53", "text": "Take a look at this metric, an enormous"}, {"start": "00:08:50", "end": "00:08:57", "text": "amount of old Bitcoin came online and"}, {"start": "00:08:53", "end": "00:09:00", "text": "moved on chain in 24 and 25 rivaling"}, {"start": "00:08:57", "end": "00:09:03", "text": "that of only 2017. This great"}, {"start": "00:09:00", "end": "00:09:05", "text": "distribution is mostly over in 2026 is"}, {"start": "00:09:03", "end": "00:09:08", "text": "on pace to see less than half the amount"}, {"start": "00:09:05", "end": "00:09:11", "text": "of awaken coins as last year. With fear"}, {"start": "00:09:08", "end": "00:09:13", "text": "in the air, governments around the world"}, {"start": "00:09:11", "end": "00:09:15", "text": "are happy to buy crypto cheap."}, {"start": "00:09:13", "end": "00:09:18", "text": "Coinbase's head of institutional"}, {"start": "00:09:15", "end": "00:09:20", "text": "investing, John D'Agostino, explains."}, {"start": "00:09:18", "end": "00:09:23", "text": ">> saying blockchain and cryptocurrency to"}, {"start": "00:09:20", "end": "00:09:24", "text": "solve the problem of deep fakes of the"}, {"start": "00:09:23", "end": "00:09:27", "text": "artificial intelligence."}, {"start": "00:09:24", "end": "00:09:29", "text": "We've seen over 40 countries commit to"}, {"start": "00:09:27", "end": "00:09:31", "text": "buying Bitcoin in some fashion for their"}, {"start": "00:09:29", "end": "00:09:33", "text": "national balance sheets or other. So,"}, {"start": "00:09:31", "end": "00:09:34", "text": "I'm seeing every day a deluge of new"}, {"start": "00:09:33", "end": "00:09:36", "text": "institutional investors that are"}, {"start": "00:09:34", "end": "00:09:38", "text": "interested in the asset class. So, I"}, {"start": "00:09:36", "end": "00:09:40", "text": "appreciate for folks who don't have that"}, {"start": "00:09:38", "end": "00:09:42", "text": "perspective. They're looking for some"}, {"start": "00:09:40", "end": "00:09:43", "text": "grand gesture or grand event."}, {"start": "00:09:42", "end": "00:09:45", "text": "Um but for those of us who have the"}, {"start": "00:09:43", "end": "00:09:48", "text": "luxury of being on the inside, all we're"}, {"start": "00:09:45", "end": "00:09:50", "text": "all we're seeing is steady growth, even"}, {"start": "00:09:48", "end": "00:09:52", "text": "if the headlines don't match that."}, {"start": "00:09:50", "end": "00:09:55", "text": ">> One thing is clear. Past strong"}, {"start": "00:09:52", "end": "00:09:58", "text": "resistance turns into current strong"}, {"start": "00:09:55", "end": "00:10:00", "text": "support. This is possibly Bitcoin's"}, {"start": "00:09:58", "end": "00:10:03", "text": "largest accumulation region in history."}, {"start": "00:10:00", "end": "00:10:06", "text": "Again, prior resistance turns into"}, {"start": "00:10:03", "end": "00:10:09", "text": "strong support. But of course, we might"}, {"start": "00:10:06", "end": "00:10:12", "text": "see a lower low in October of this year"}, {"start": "00:10:09", "end": "00:10:14", "text": "if you think the 4-year cycle continues"}, {"start": "00:10:12", "end": "00:10:17", "text": "to play out. Looks bullish to me, but"}, {"start": "00:10:14", "end": "00:10:19", "text": "the plan remains the same. DCA over the"}, {"start": "00:10:17", "end": "00:10:22", "text": "summer. The Bitcoin bear market is"}, {"start": "00:10:19", "end": "00:10:24", "text": "certainly almost over. If you're"}, {"start": "00:10:22", "end": "00:10:27", "text": "interested in making money in crypto,"}, {"start": "00:10:24", "end": "00:10:29", "text": "you must stay up-to-date over the next 3"}, {"start": "00:10:27", "end": "00:10:31", "text": "months. Crypto is getting adopted and"}, {"start": "00:10:29", "end": "00:10:33", "text": "changing and expanding and shifting in"}, {"start": "00:10:31", "end": "00:10:35", "text": "such a big way. We keep you informed on"}, {"start": "00:10:33", "end": "00:10:37", "text": "a daily basis."}, {"start": "00:10:35", "end": "00:10:39", "text": "Subscribe to our channel. Join our team."}, {"start": "00:10:37", "end": "00:10:39", "text": "See you all later."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "You need less than you think. Like"}, {"start": "00:00:01", "end": "00:00:06", "text": "through being a part of multiple bull"}, {"start": "00:00:03", "end": "00:00:08", "text": "runs, multiple bear markets, if this"}, {"start": "00:00:06", "end": "00:00:10", "text": "thing is going to become as big as like"}, {"start": "00:00:08", "end": "00:00:13", "text": "I believe it's going to, you actually"}, {"start": "00:00:10", "end": "00:00:15", "text": "don't have to be so all in as like a lot"}, {"start": "00:00:13", "end": "00:00:17", "text": "of people talk about in order to benefit"}, {"start": "00:00:15", "end": "00:00:19", "text": "from that. What I call the minimum"}, {"start": "00:00:17", "end": "00:00:21", "text": "significant amount that you need to be"}, {"start": "00:00:19", "end": "00:00:23", "text": "wealthy is 0.21 Bitcoin. And the math"}, {"start": "00:00:21", "end": "00:00:25", "text": "[music] behind that is there's 21"}, {"start": "00:00:23", "end": "00:00:28", "text": "million. If you divide 21 million by"}, {"start": "00:00:25", "end": "00:00:30", "text": "0.21, you get 100 million. In a world of"}, {"start": "00:00:28", "end": "00:00:34", "text": "8 billion people, 0.21 puts you in the"}, {"start": "00:00:30", "end": "00:00:35", "text": "top 100 million, the top 1% of people"}, {"start": "00:00:34", "end": "00:00:37", "text": "that will ever hold Bitcoin in the"}, {"start": "00:00:35", "end": "00:00:38", "text": "entire world, okay? And taking a step"}, {"start": "00:00:37", "end": "00:00:41", "text": "further, and I don't always mention"}, {"start": "00:00:38", "end": "00:00:44", "text": "this, but then that means if you own"}, {"start": "00:00:41", "end": "00:00:47", "text": "2.1, if you own 2.1 Bitcoin, you're now"}, {"start": "00:00:44", "end": "00:00:48", "text": "in the top 0.1%"}, {"start": "00:00:47", "end": "00:00:51", "text": "of the world. And so, you need less than"}, {"start": "00:00:48", "end": "00:00:52", "text": "you think. The current fiat equivalent"}, {"start": "00:00:51", "end": "00:00:54", "text": "of 0.21 [music]"}, {"start": "00:00:52", "end": "00:00:57", "text": "is around $14,000,"}, {"start": "00:00:54", "end": "00:00:58", "text": "and the current 2.1 equivalent is like"}, {"start": "00:00:57", "end": "00:01:01", "text": "130,000,"}, {"start": "00:00:58", "end": "00:01:05", "text": "okay? And so, are those good chunks of"}, {"start": "00:01:01", "end": "00:01:07", "text": "fiat money? Totally. But, are they easy"}, {"start": "00:01:05", "end": "00:01:10", "text": "enough to wrap your head around for that"}, {"start": "00:01:07", "end": "00:01:11", "text": "like 35 to 55-year-old just like regular"}, {"start": "00:01:10", "end": "00:01:13", "text": "person that's good at personal finance"}, {"start": "00:01:11", "end": "00:01:14", "text": "in the United States? I think it is. I"}, {"start": "00:01:13", "end": "00:01:16", "text": "think they're good numbers to wrap your"}, {"start": "00:01:14", "end": "00:01:19", "text": "head around. So, 0.21 minimum"}, {"start": "00:01:16", "end": "00:01:19", "text": "significant amount to be wealthy."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "If this cycle, Congressman, is like the"}, {"start": "00:00:02", "end": "00:00:07", "text": "previous positive technology shocks, the"}, {"start": "00:00:06", "end": "00:00:09", "text": "US will be richer."}, {"start": "00:00:07", "end": "00:00:12", "text": ">> Big news today for the crypto market."}, {"start": "00:00:09", "end": "00:00:14", "text": "Bitcoin jumps on lowest US CPI data"}, {"start": "00:00:12", "end": "00:00:15", "text": "since 2020."}, {"start": "00:00:14", "end": "00:00:17", "text": ">> It's the largest negative reading since"}, {"start": "00:00:15", "end": "00:00:19", "text": "2020 and the pandemic."}, {"start": "00:00:17", "end": "00:00:22", "text": ">> That's inflation, which the data"}, {"start": "00:00:19", "end": "00:00:25", "text": "suggests is coming down. So, June's CPI"}, {"start": "00:00:22", "end": "00:00:27", "text": "inflation fell to 3.5%."}, {"start": "00:00:25", "end": "00:00:30", "text": "They were expecting 3.8. That's a much"}, {"start": "00:00:27", "end": "00:00:32", "text": "lower number, and core CPI inflation"}, {"start": "00:00:30", "end": "00:00:35", "text": "falls to 2.6%"}, {"start": "00:00:32", "end": "00:00:37", "text": "below the expectations of 2.8. This is"}, {"start": "00:00:35", "end": "00:00:39", "text": "the biggest monthly drop since May of"}, {"start": "00:00:37", "end": "00:00:42", "text": "2020. And while I want to update you on"}, {"start": "00:00:39", "end": "00:00:45", "text": "Elon Musk and Dogecoin, Fed chair Kevin"}, {"start": "00:00:42", "end": "00:00:47", "text": "Warsh about to announce new rules for"}, {"start": "00:00:45", "end": "00:00:49", "text": "crypto before his Saturday deadline."}, {"start": "00:00:47", "end": "00:00:51", "text": "Also, altcoin news, watch today's whole"}, {"start": "00:00:49", "end": "00:00:53", "text": "video. The reason that crypto,"}, {"start": "00:00:51", "end": "00:00:56", "text": "especially Ethereum, is pumping is"}, {"start": "00:00:53", "end": "00:00:59", "text": "because there's less of a chance the"}, {"start": "00:00:56", "end": "00:01:01", "text": "Federal Reserve will need to hike rates."}, {"start": "00:00:59", "end": "00:01:03", "text": "As explained on Fox Business today,"}, {"start": "00:01:01", "end": "00:01:06", "text": "let's listen then react."}, {"start": "00:01:03", "end": "00:01:08", "text": ">> That's a dip in consumer prices. Surely,"}, {"start": "00:01:06", "end": "00:01:10", "text": "we're not talking now about a rate"}, {"start": "00:01:08", "end": "00:01:12", "text": "increase, are we?"}, {"start": "00:01:10", "end": "00:01:14", "text": ">> You're exactly right. There's not going"}, {"start": "00:01:12", "end": "00:01:16", "text": "to be a rate hike anytime soon. I don't"}, {"start": "00:01:14", "end": "00:01:18", "text": "think there's going to be a rate hike"}, {"start": "00:01:16", "end": "00:01:20", "text": "into the foreseeable future, okay? That"}, {"start": "00:01:18", "end": "00:01:23", "text": "being said, you know, in a response to"}, {"start": "00:01:20", "end": "00:01:27", "text": "this good report on the CPI, this"}, {"start": "00:01:23", "end": "00:01:29", "text": "disinflationary report, uh the futures"}, {"start": "00:01:27", "end": "00:01:31", "text": "market still has an implied probability,"}, {"start": "00:01:29", "end": "00:01:34", "text": "I think a 59%"}, {"start": "00:01:31", "end": "00:01:38", "text": "to a rate hike at the September meeting"}, {"start": "00:01:34", "end": "00:01:41", "text": "of the FOMC, and an 81%"}, {"start": "00:01:38", "end": "00:01:43", "text": "uh chance of Fed funds uh having been"}, {"start": "00:01:41", "end": "00:01:46", "text": "raised by the end of this year."}, {"start": "00:01:43", "end": "00:01:49", "text": ">> So, Ethereum jumps 4.4% after"}, {"start": "00:01:46", "end": "00:01:51", "text": "cooler-than-expected CPI data, and the"}, {"start": "00:01:49", "end": "00:01:53", "text": "crypto markets rallied as softer"}, {"start": "00:01:51", "end": "00:01:56", "text": "inflation data boosted risk-on"}, {"start": "00:01:53", "end": "00:01:59", "text": "sentiment. Traders no longer expect a"}, {"start": "00:01:56", "end": "00:02:01", "text": "Fed rate hike this month, although the"}, {"start": "00:01:59", "end": "00:02:05", "text": "first hike is now priced in for"}, {"start": "00:02:01", "end": "00:02:07", "text": "September or October. So, a reprieve in"}, {"start": "00:02:05", "end": "00:02:09", "text": "the short term, but actually probability"}, {"start": "00:02:07", "end": "00:02:11", "text": "went up a little bit for rate hikes by"}, {"start": "00:02:09", "end": "00:02:13", "text": "the end of this year. Click subscribe to"}, {"start": "00:02:11", "end": "00:02:16", "text": "Altcoin Daily for one video per day"}, {"start": "00:02:13", "end": "00:02:18", "text": "keeping you informed on crypto. And just"}, {"start": "00:02:16", "end": "00:02:21", "text": "in, Fed chair Kevin Warsh says the"}, {"start": "00:02:18", "end": "00:02:24", "text": "Federal Reserve is racing to finalize"}, {"start": "00:02:21", "end": "00:02:26", "text": "genius act rules ahead of Saturday's"}, {"start": "00:02:24", "end": "00:02:29", "text": "deadline. As you know, the genius act"}, {"start": "00:02:26", "end": "00:02:32", "text": "was the stablecoin bill. It already got"}, {"start": "00:02:29", "end": "00:02:32", "text": "passed into law bipartisan over a year"}, {"start": "00:02:32", "end": "00:02:35", "text": "ago."}, {"start": "00:02:32", "end": "00:02:38", "text": ">> A year ago on Saturday,"}, {"start": "00:02:35", "end": "00:02:42", "text": "um this the genius act was signed into"}, {"start": "00:02:38", "end": "00:02:45", "text": "law. And with that, uh a series of"}, {"start": "00:02:42", "end": "00:02:47", "text": "deadlines for rules to be promulgated"}, {"start": "00:02:45", "end": "00:02:49", "text": "uh began and the clock began to tick."}, {"start": "00:02:47", "end": "00:02:51", "text": "You came into your job confirmed uh"}, {"start": "00:02:49", "end": "00:02:54", "text": "approximately 2 months ago. Uh the"}, {"start": "00:02:51", "end": "00:02:56", "text": "deadline for the Fed to promulgate rules"}, {"start": "00:02:54", "end": "00:02:58", "text": "is this Saturday. Uh will the Fed meet"}, {"start": "00:02:56", "end": "00:03:00", "text": "that deadline?"}, {"start": "00:02:58", "end": "00:03:02", "text": ">> Well, that's a that's a fair and open"}, {"start": "00:03:00", "end": "00:03:05", "text": "question. Uh I have been corrected. I've"}, {"start": "00:03:02", "end": "00:03:09", "text": "not been in the job 6 weeks, but 7. Um"}, {"start": "00:03:05", "end": "00:03:11", "text": "we're racing to to to put that out by"}, {"start": "00:03:09", "end": "00:03:13", "text": "this deadline. I'll just add one other"}, {"start": "00:03:11", "end": "00:03:14", "text": "thing, Congressman, without uh taking"}, {"start": "00:03:13", "end": "00:03:16", "text": "too much of your time."}, {"start": "00:03:14", "end": "00:03:19", "text": "I think rule makings from the bank"}, {"start": "00:03:16", "end": "00:03:22", "text": "regulators are best when we have a"}, {"start": "00:03:19", "end": "00:03:24", "text": "family fight between and among us so"}, {"start": "00:03:22", "end": "00:03:27", "text": "that there would be one proposed rule"}, {"start": "00:03:24", "end": "00:03:29", "text": "making for comment. It might not be"}, {"start": "00:03:27", "end": "00:03:31", "text": "exactly true this time, but that's my"}, {"start": "00:03:29", "end": "00:03:32", "text": "objective that we'd be coordinating"}, {"start": "00:03:31", "end": "00:03:33", "text": "issuing our rule makings at the same"}, {"start": "00:03:32", "end": "00:03:35", "text": "moment."}, {"start": "00:03:33", "end": "00:03:37", "text": ">> I appreciate that. I think uh from this"}, {"start": "00:03:35", "end": "00:03:39", "text": "body, I think there's a huge opportunity"}, {"start": "00:03:37", "end": "00:03:40", "text": "uh with stablecoin in particular to make"}, {"start": "00:03:39", "end": "00:03:42", "text": "sure the consumers are protected. That"}, {"start": "00:03:40", "end": "00:03:43", "text": "was one of the drivers of us passing"}, {"start": "00:03:42", "end": "00:03:46", "text": "that legislation."}, {"start": "00:03:43", "end": "00:03:48", "text": ">> So, Kevin Warsh is aiming to finalize"}, {"start": "00:03:46", "end": "00:03:51", "text": "the genius act stablecoin rules before"}, {"start": "00:03:48", "end": "00:03:54", "text": "Saturday, and this framework will cover"}, {"start": "00:03:51", "end": "00:03:56", "text": "issuance standards, asset collateral"}, {"start": "00:03:54", "end": "00:03:58", "text": "ratios, and consumer protection rules"}, {"start": "00:03:56", "end": "00:04:01", "text": "for these stable coins. And again, any"}, {"start": "00:03:58", "end": "00:04:03", "text": "more rules of the road which will allow"}, {"start": "00:04:01", "end": "00:04:06", "text": "big money to feel comfortable entering"}, {"start": "00:04:03", "end": "00:04:09", "text": "the space. That will benefit the coins"}, {"start": "00:04:06", "end": "00:04:12", "text": "that stable coins are built most off of."}, {"start": "00:04:09", "end": "00:04:15", "text": "So, Ethereum and Solana are the two ones"}, {"start": "00:04:12", "end": "00:04:17", "text": "in America. Tron's more offshores, but"}, {"start": "00:04:15", "end": "00:04:18", "text": "this is the best for Ethereum and Sol."}, {"start": "00:04:17", "end": "00:04:21", "text": "And by the way, the Fed chair is"}, {"start": "00:04:18", "end": "00:04:24", "text": "practically telling us we'll all be"}, {"start": "00:04:21", "end": "00:04:27", "text": "richer as AI continues to grow. DeFi and"}, {"start": "00:04:24", "end": "00:04:30", "text": "AI is the future. Just listen."}, {"start": "00:04:27", "end": "00:04:33", "text": ">> If this cycle, Congressman, is like the"}, {"start": "00:04:30", "end": "00:04:34", "text": "previous positive technology shocks, the"}, {"start": "00:04:33", "end": "00:04:36", "text": "US will be richer, we'll be more"}, {"start": "00:04:34", "end": "00:04:38", "text": "productive, there'll be more labor,"}, {"start": "00:04:36", "end": "00:04:39", "text": "there'll be more wages, there'll be more"}, {"start": "00:04:38", "end": "00:04:44", "text": "compensation."}, {"start": "00:04:39", "end": "00:04:46", "text": "Um that is if this follows prior trends."}, {"start": "00:04:44", "end": "00:04:48", "text": "Um this technology shock is likely more"}, {"start": "00:04:46", "end": "00:04:51", "text": "significant. This is probably the"}, {"start": "00:04:48", "end": "00:04:53", "text": "biggest change in my adult lifetime"}, {"start": "00:04:51", "end": "00:04:54", "text": "because it's not just the creation of a"}, {"start": "00:04:53", "end": "00:04:57", "text": "new widget."}, {"start": "00:04:54", "end": "00:04:59", "text": "What it is it's it's changing the method"}, {"start": "00:04:57", "end": "00:05:00", "text": "of innovation and the speed of"}, {"start": "00:04:59", "end": "00:05:03", "text": "innovation. And I can't think of a"}, {"start": "00:05:00", "end": "00:05:04", "text": "country on Earth as well positioned to"}, {"start": "00:05:03", "end": "00:05:06", "text": "take advantage of it."}, {"start": "00:05:04", "end": "00:05:10", "text": "So, that's on the one hand, but on the"}, {"start": "00:05:06", "end": "00:05:13", "text": "other hand, it can lead to disruption."}, {"start": "00:05:10", "end": "00:05:15", "text": "My own best guess is that the advent of"}, {"start": "00:05:13", "end": "00:05:18", "text": "the technology will be augmenting"}, {"start": "00:05:15", "end": "00:05:21", "text": "existing work. That employees that were"}, {"start": "00:05:18", "end": "00:05:22", "text": "there will be more productive. And"}, {"start": "00:05:21", "end": "00:05:24", "text": "ultimately, at the end of the day, I"}, {"start": "00:05:22", "end": "00:05:26", "text": "don't believe in the lump of labor"}, {"start": "00:05:24", "end": "00:05:28", "text": "fallacy. All the jobs that are there"}, {"start": "00:05:26", "end": "00:05:30", "text": "have already been created, and the"}, {"start": "00:05:28", "end": "00:05:32", "text": "technology will remove some. Well, it"}, {"start": "00:05:30", "end": "00:05:34", "text": "might be disruptive in the near term,"}, {"start": "00:05:32", "end": "00:05:36", "text": "but it'll create a lot of other jobs."}, {"start": "00:05:34", "end": "00:05:37", "text": "Just to give one example from history,"}, {"start": "00:05:36", "end": "00:05:40", "text": "and then I'll close."}, {"start": "00:05:37", "end": "00:05:41", "text": "Who knew at the creation of the internet"}, {"start": "00:05:40", "end": "00:05:43", "text": "that the internet would create a million"}, {"start": "00:05:41", "end": "00:05:45", "text": "and a half Uber and Lyft drivers? I"}, {"start": "00:05:43", "end": "00:05:47", "text": "certainly didn't."}, {"start": "00:05:45", "end": "00:05:50", "text": ">> Kevin Warsh is telling us that if"}, {"start": "00:05:47", "end": "00:05:53", "text": "possible, if possible, rates will come"}, {"start": "00:05:50", "end": "00:05:54", "text": "down, productivity will go up."}, {"start": "00:05:53", "end": "00:05:57", "text": "It's not guaranteed, nothing is ever"}, {"start": "00:05:54", "end": "00:05:59", "text": "guaranteed, but what they can do, they"}, {"start": "00:05:57", "end": "00:06:02", "text": "will do. That's bullish. Just in, the"}, {"start": "00:05:59", "end": "00:06:06", "text": "Hyperliquid Policy Center met with the"}, {"start": "00:06:02", "end": "00:06:08", "text": "SEC to discuss crypto regulation per a"}, {"start": "00:06:06", "end": "00:06:10", "text": "crypto task force memo along with"}, {"start": "00:06:08", "end": "00:06:14", "text": "Phantom, the Solana wallet, the"}, {"start": "00:06:10", "end": "00:06:16", "text": "Hyperliquid team urges the CFTC to"}, {"start": "00:06:14", "end": "00:06:18", "text": "create DeFi specific rules that"}, {"start": "00:06:16", "end": "00:06:21", "text": "recognize users to hold their own"}, {"start": "00:06:18", "end": "00:06:23", "text": "assets. And how this affects you and me,"}, {"start": "00:06:21", "end": "00:06:27", "text": "and why I like this is because"}, {"start": "00:06:23", "end": "00:06:29", "text": "Hyperliquid and a the the blue chip"}, {"start": "00:06:27", "end": "00:06:32", "text": "Solana wallet are not sitting with their"}, {"start": "00:06:29", "end": "00:06:33", "text": "hands underneath them. They're taking"}, {"start": "00:06:32", "end": "00:06:35", "text": "action. They're talking with the SEC,"}, {"start": "00:06:33", "end": "00:06:37", "text": "they're talking with the CFTC, which are"}, {"start": "00:06:35", "end": "00:06:39", "text": "both generally pro-crypto, and saying,"}, {"start": "00:06:37", "end": "00:06:41", "text": "\"What do we need? Tell us the basic"}, {"start": "00:06:39", "end": "00:06:44", "text": "regulation, we will make this happen. We"}, {"start": "00:06:41", "end": "00:06:47", "text": "want to grow with you.\" And by the way,"}, {"start": "00:06:44", "end": "00:06:50", "text": "anybody that has been shorting SpaceX"}, {"start": "00:06:47", "end": "00:06:52", "text": "stock is making money. Down again today"}, {"start": "00:06:50", "end": "00:06:54", "text": "despite despite the other broader market"}, {"start": "00:06:52", "end": "00:06:57", "text": "rally. For those interested in trading"}, {"start": "00:06:54", "end": "00:07:00", "text": "SpaceX, trading Tesla, trading Nvidia,"}, {"start": "00:06:57", "end": "00:07:03", "text": "and other blue chip stocks, join me in"}, {"start": "00:07:00", "end": "00:07:06", "text": "the summer of stocks, explore exclusive"}, {"start": "00:07:03", "end": "00:07:08", "text": "events, and unlock up to $1 million"}, {"start": "00:07:06", "end": "00:07:10", "text": "just for the trading we're doing anyway."}, {"start": "00:07:08", "end": "00:07:14", "text": "This is with exchange partner WeX,"}, {"start": "00:07:10", "end": "00:07:16", "text": "special stock trader for perk fiesta,"}, {"start": "00:07:14", "end": "00:07:20", "text": "meaning up to $3,000,"}, {"start": "00:07:16", "end": "00:07:23", "text": "SpaceX, Micron, etc., plus loss"}, {"start": "00:07:20", "end": "00:07:26", "text": "protection. Limited time, link below."}, {"start": "00:07:23", "end": "00:07:29", "text": "And Elon Musk on record, \"I am not going"}, {"start": "00:07:26", "end": "00:07:31", "text": "to be promoting crypto. At most, he'll"}, {"start": "00:07:29", "end": "00:07:35", "text": "mention in a joking way, but if you see"}, {"start": "00:07:31", "end": "00:07:37", "text": "crypto plummet, it's not me.\" Elon Musk"}, {"start": "00:07:35", "end": "00:07:38", "text": "is distancing himself in a healthy way."}, {"start": "00:07:37", "end": "00:07:39", "text": "Let's listen."}, {"start": "00:07:38", "end": "00:07:41", "text": ">> Yeah, I mean,"}, {"start": "00:07:39", "end": "00:07:42", "text": "I'm I'm I'm I'm not going to be"}, {"start": "00:07:41", "end": "00:07:45", "text": "promoting"}, {"start": "00:07:42", "end": "00:07:48", "text": "uh crypto. So if if if you know"}, {"start": "00:07:45", "end": "00:07:50", "text": "at most in a joking way but I'm"}, {"start": "00:07:48", "end": "00:07:52", "text": "I if you see me pumping crypto it's not"}, {"start": "00:07:50", "end": "00:07:53", "text": "me."}, {"start": "00:07:52", "end": "00:07:55", "text": ">> [laughter]"}, {"start": "00:07:53", "end": "00:07:57", "text": ">> You know so"}, {"start": "00:07:55", "end": "00:07:59", "text": "I mean I do think there's some merit in"}, {"start": "00:07:57", "end": "00:08:01", "text": "you know Bitcoin and maybe some of the"}, {"start": "00:07:59", "end": "00:08:04", "text": "other crypto and I'm I sort of have a"}, {"start": "00:08:01", "end": "00:08:05", "text": "soft spot for Dogecoin"}, {"start": "00:08:04", "end": "00:08:06", "text": "cuz I just like dogs and memes."}, {"start": "00:08:05", "end": "00:08:08", "text": "Um"}, {"start": "00:08:06", "end": "00:08:09", "text": "but"}, {"start": "00:08:08", "end": "00:08:12", "text": "yeah I I I don't know"}, {"start": "00:08:09", "end": "00:08:15", "text": ">> And with only 24 days remaining for the"}, {"start": "00:08:12", "end": "00:08:17", "text": "US Senate to pass the crypto clarity act"}, {"start": "00:08:15", "end": "00:08:19", "text": "before their summer recess, Senator"}, {"start": "00:08:17", "end": "00:08:21", "text": "Cynthia Lummis announces that the final"}, {"start": "00:08:19", "end": "00:08:24", "text": "text for the clarity act will be"}, {"start": "00:08:21", "end": "00:08:26", "text": "introduced in the next couple of days."}, {"start": "00:08:24", "end": "00:08:29", "text": ">> Well it's taken us virtually every day"}, {"start": "00:08:26", "end": "00:08:31", "text": "for the last 10 months"}, {"start": "00:08:29", "end": "00:08:36", "text": "to get this bill in the condition it's"}, {"start": "00:08:31", "end": "00:08:38", "text": "in today and we're ready. So we will be"}, {"start": "00:08:36", "end": "00:08:41", "text": "introducing"}, {"start": "00:08:38", "end": "00:08:44", "text": "in the next few days. We're going to be"}, {"start": "00:08:41", "end": "00:08:46", "text": "in session now for four straight weeks."}, {"start": "00:08:44", "end": "00:08:48", "text": "It's very important that we get this"}, {"start": "00:08:46", "end": "00:08:51", "text": "bill across the finish line before the"}, {"start": "00:08:48", "end": "00:08:56", "text": "August recess begins"}, {"start": "00:08:51", "end": "00:08:57", "text": "so we can make the markets aware"}, {"start": "00:08:56", "end": "00:09:00", "text": "of the stability"}, {"start": "00:08:57", "end": "00:09:03", "text": "that will be provided to them if they"}, {"start": "00:09:00", "end": "00:09:04", "text": "remain onshore in the United States to"}, {"start": "00:09:03", "end": "00:09:05", "text": "do business."}, {"start": "00:09:04", "end": "00:09:07", "text": ">> If you've made it this far in today's"}, {"start": "00:09:05", "end": "00:09:09", "text": "video, click subscribe. It's completely"}, {"start": "00:09:07", "end": "00:09:12", "text": "free. It costs you nothing. Literally"}, {"start": "00:09:09", "end": "00:09:14", "text": "costs you nothing and tuning in for one"}, {"start": "00:09:12", "end": "00:09:18", "text": "video per day could make you an expert"}, {"start": "00:09:14", "end": "00:09:18", "text": "on crypto by the end of the year."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "There's some hope on market structure. I"}, {"start": "00:00:02", "end": "00:00:05", "text": "say it's 50/50 right now."}, {"start": "00:00:03", "end": "00:00:07", "text": ">> The fundamental case for Bitcoin has"}, {"start": "00:00:05", "end": "00:00:10", "text": "never been stronger."}, {"start": "00:00:07", "end": "00:00:13", "text": ">> It all comes down to this. Crypto"}, {"start": "00:00:10", "end": "00:00:17", "text": "holders. The last chance to pass the"}, {"start": "00:00:13", "end": "00:00:20", "text": "Cryptoclarity Act starts this Friday."}, {"start": "00:00:17", "end": "00:00:24", "text": "This Friday, July 17th, the Crypto"}, {"start": "00:00:20", "end": "00:00:26", "text": "Clarity Act goes before Congress again,"}, {"start": "00:00:24", "end": "00:00:28", "text": "this time at the House Financial"}, {"start": "00:00:26", "end": "00:00:31", "text": "Services Committee, hosting a hearing"}, {"start": "00:00:28", "end": "00:00:34", "text": "entitled Building the Future of Finance:"}, {"start": "00:00:31", "end": "00:00:38", "text": "How the Clarity Act Unlocks Financial"}, {"start": "00:00:34", "end": "00:00:40", "text": "Innovation. In just 3 days, the final"}, {"start": "00:00:38", "end": "00:00:42", "text": "push starts. Make sure you subscribe to"}, {"start": "00:00:40", "end": "00:00:44", "text": "Altcoin Daily. We're going to be keeping"}, {"start": "00:00:42", "end": "00:00:46", "text": "you updated on everything Clarity Act"}, {"start": "00:00:44", "end": "00:00:49", "text": "and everything crypto. We are the"}, {"start": "00:00:46", "end": "00:00:52", "text": "largest crypto community in the world."}, {"start": "00:00:49", "end": "00:00:56", "text": "Understand the Clarity Act is needed for"}, {"start": "00:00:52", "end": "00:00:59", "text": "cryptocurrency in the US to thrive. And"}, {"start": "00:00:56", "end": "00:01:02", "text": "yet, with just about 4 weeks left till"}, {"start": "00:00:59", "end": "00:01:06", "text": "Senate goes on summer recess, the final"}, {"start": "00:01:02", "end": "00:01:08", "text": "push starts this Friday. Millions of"}, {"start": "00:01:06", "end": "00:01:11", "text": "Americans already hold digital assets"}, {"start": "00:01:08", "end": "00:01:14", "text": "with no federal framework protecting"}, {"start": "00:01:11", "end": "00:01:17", "text": "them. The Clarity Act gives Americans"}, {"start": "00:01:14", "end": "00:01:19", "text": "the confidence and security they need to"}, {"start": "00:01:17", "end": "00:01:22", "text": "participate in our digital economy."}, {"start": "00:01:19", "end": "00:01:25", "text": "President Trump continues to push the"}, {"start": "00:01:22", "end": "00:01:28", "text": "Senate, saying the US Senate should pass"}, {"start": "00:01:25", "end": "00:01:30", "text": "the Clarity Act now. The late Senator"}, {"start": "00:01:28", "end": "00:01:33", "text": "Lindsey Graham was a big supporter and"}, {"start": "00:01:30", "end": "00:01:36", "text": "the US needs to stay ahead of China and"}, {"start": "00:01:33", "end": "00:01:39", "text": "all others on this just like AI. And yet"}, {"start": "00:01:36", "end": "00:01:42", "text": "the chance of the clarity act actually"}, {"start": "00:01:39", "end": "00:01:45", "text": "passing this year seem to be stuck at"}, {"start": "00:01:42", "end": "00:01:48", "text": "5050 on leading prediction market call"}, {"start": "00:01:45", "end": "00:01:51", "text": "sheet. So the Senate needs to fast track"}, {"start": "00:01:48", "end": "00:01:53", "text": "the Clarity Act bill this week and next"}, {"start": "00:01:51", "end": "00:01:55", "text": "week and for the next four weeks or"}, {"start": "00:01:53", "end": "00:01:58", "text": "we're going to run out of time and this"}, {"start": "00:01:55", "end": "00:02:02", "text": "bill will be potentially stuck in limbo"}, {"start": "00:01:58", "end": "00:02:04", "text": "for years. Pass the Clarity Act ASAP."}, {"start": "00:02:02", "end": "00:02:06", "text": "Enough is enough, guys. Smash the like"}, {"start": "00:02:04", "end": "00:02:08", "text": "button if you agree with this. Give me"}, {"start": "00:02:06", "end": "00:02:12", "text": "your honest opinion. Will the"}, {"start": "00:02:08", "end": "00:02:15", "text": "CryptoClarity Act pass in 2026? Wall"}, {"start": "00:02:12", "end": "00:02:18", "text": "Street insider billionaire Mike"}, {"start": "00:02:15", "end": "00:02:20", "text": "Novagrats echoes the public prediction"}, {"start": "00:02:18", "end": "00:02:23", "text": "market sentiment, saying in his opinion,"}, {"start": "00:02:20", "end": "00:02:26", "text": "the chance of Clarity Act passing is"}, {"start": "00:02:23", "end": "00:02:29", "text": "50/50. And it's interesting that behind"}, {"start": "00:02:26", "end": "00:02:31", "text": "the scenes, volume and other key"}, {"start": "00:02:29", "end": "00:02:33", "text": "performance indicators are are picking"}, {"start": "00:02:31", "end": "00:02:35", "text": "up. There's some hope on market"}, {"start": "00:02:33", "end": "00:02:38", "text": "structure, not a ton. I say it's 5050"}, {"start": "00:02:35", "end": "00:02:40", "text": "right now. Um, but I think you're you're"}, {"start": "00:02:38", "end": "00:02:43", "text": "seeing volumes pick up. Volumes are up"}, {"start": "00:02:40", "end": "00:02:44", "text": "20 30% from a pretty low level, but"}, {"start": "00:02:43", "end": "00:02:47", "text": "they're picking up. You're seeing some"}, {"start": "00:02:44", "end": "00:02:52", "text": "activity. I mean, Robin Hood launched a"}, {"start": "00:02:47", "end": "00:02:54", "text": "chain with, you know, to compete uh and"}, {"start": "00:02:52", "end": "00:02:56", "text": "compete in the uh, you know, the DeFi"}, {"start": "00:02:54", "end": "00:02:59", "text": "space and boom,"}, {"start": "00:02:56", "end": "00:03:00", "text": "uh, big usage first day uh, three times."}, {"start": "00:02:59", "end": "00:03:02", "text": "Now listen, first day there's a lot of"}, {"start": "00:03:00", "end": "00:03:04", "text": "hype, but it was three times the use of"}, {"start": "00:03:02", "end": "00:03:06", "text": "Hyperlid. And so that's a big deal."}, {"start": "00:03:04", "end": "00:03:09", "text": "Robin Hood is a, you know, 15 million"}, {"start": "00:03:06", "end": "00:03:11", "text": "customers in the US, a monster, uh, here"}, {"start": "00:03:09", "end": "00:03:15", "text": "domestically at least, uh, smaller"}, {"start": "00:03:11", "end": "00:03:16", "text": "overseas. Um, and so you got a lot of"}, {"start": "00:03:15", "end": "00:03:18", "text": "decent little stories showing up around"}, {"start": "00:03:16", "end": "00:03:20", "text": "the edges, and I think that's brought a"}, {"start": "00:03:18", "end": "00:03:23", "text": "little enthusiasm. As Patrick Wit, the"}, {"start": "00:03:20", "end": "00:03:25", "text": "White House's executive director of"}, {"start": "00:03:23", "end": "00:03:28", "text": "digital assets, writes, \"This is a"}, {"start": "00:03:25", "end": "00:03:30", "text": "critical week for Clarity, which just so"}, {"start": "00:03:28", "end": "00:03:33", "text": "happens to be the one-year anniversary"}, {"start": "00:03:30", "end": "00:03:35", "text": "of the Genius Stablecoin Act. The"}, {"start": "00:03:33", "end": "00:03:38", "text": "approval of the Clarity Act could be for"}, {"start": "00:03:35", "end": "00:03:41", "text": "Ethereum and Salana what the spot"}, {"start": "00:03:38", "end": "00:03:43", "text": "Bitcoin ETFs were for Bitcoin. Ethereum"}, {"start": "00:03:41", "end": "00:03:44", "text": "is by far the dominant blockchain for"}, {"start": "00:03:43", "end": "00:03:46", "text": "stable coins, making it one of the"}, {"start": "00:03:44", "end": "00:03:49", "text": "biggest beneficiaries of regulatory"}, {"start": "00:03:46", "end": "00:03:52", "text": "clarity along with tokenization and DeFi"}, {"start": "00:03:49", "end": "00:03:56", "text": "and so much more. After the spot Bitcoin"}, {"start": "00:03:52", "end": "00:03:59", "text": "ETFs were approved, Bitcoin rallied more"}, {"start": "00:03:56", "end": "00:04:01", "text": "than 7x from its 2022 bare market low."}, {"start": "00:03:59", "end": "00:04:03", "text": "If Ethereum were to potentially"}, {"start": "00:04:01", "end": "00:04:07", "text": "experience a similar move in the next"}, {"start": "00:04:03", "end": "00:04:10", "text": "bull market, ETH could trade at $10,000"}, {"start": "00:04:07", "end": "00:04:13", "text": "per coin. And even though I think the"}, {"start": "00:04:10", "end": "00:04:15", "text": "next cycle is Ethereum's cycle to lose,"}, {"start": "00:04:13", "end": "00:04:19", "text": "I think Ethereum is going to surprise a"}, {"start": "00:04:15", "end": "00:04:21", "text": "lot of people to the upside, that"}, {"start": "00:04:19", "end": "00:04:23", "text": "doesn't mean that I don't think Bitcoin"}, {"start": "00:04:21", "end": "00:04:26", "text": "is about to do really, really well going"}, {"start": "00:04:23", "end": "00:04:30", "text": "from here as well. Whether Clarity Act"}, {"start": "00:04:26", "end": "00:04:33", "text": "passes or not, the bull case for Bitcoin"}, {"start": "00:04:30", "end": "00:04:36", "text": "is something adjacent to that. Something"}, {"start": "00:04:33", "end": "00:04:39", "text": "else is happening with Bitcoin and the"}, {"start": "00:04:36", "end": "00:04:42", "text": "macro backdrop versus Bitcoin that makes"}, {"start": "00:04:39", "end": "00:04:45", "text": "the fundamental case for Bitcoin never"}, {"start": "00:04:42", "end": "00:04:50", "text": "have been stronger. At least according"}, {"start": "00:04:45", "end": "00:04:53", "text": "to Bill Miller IV arguing the case for"}, {"start": "00:04:50", "end": "00:04:55", "text": "Bitcoin on CNBC to a very skeptical"}, {"start": "00:04:53", "end": "00:04:57", "text": "host. Why is Bitcoin performing so"}, {"start": "00:04:55", "end": "00:04:59", "text": "poorly?"}, {"start": "00:04:57", "end": "00:05:01", "text": "I think the main reason right now is the"}, {"start": "00:04:59", "end": "00:05:04", "text": "fact that Clary act like it could be"}, {"start": "00:05:01", "end": "00:05:05", "text": "stalling on ethics concerns. But you"}, {"start": "00:05:04", "end": "00:05:06", "text": "look at it over a much longer time"}, {"start": "00:05:05", "end": "00:05:09", "text": "horizon. The fundamental case for"}, {"start": "00:05:06", "end": "00:05:11", "text": "Bitcoin has never been stronger. So the"}, {"start": "00:05:09", "end": "00:05:14", "text": "CBO this year is projecting $1.9"}, {"start": "00:05:11", "end": "00:05:16", "text": "trillion in a deficit. So let's let's"}, {"start": "00:05:14", "end": "00:05:18", "text": "look at that from a different angle. The"}, {"start": "00:05:16", "end": "00:05:21", "text": "marginal obligations being created that"}, {"start": "00:05:18", "end": "00:05:23", "text": "are unfunded by our country is 50%"}, {"start": "00:05:21", "end": "00:05:25", "text": "bigger than the entire market cap of"}, {"start": "00:05:23", "end": "00:05:27", "text": "Bitcoin. So yeah, you have to think is"}, {"start": "00:05:25", "end": "00:05:28", "text": "this the best way of accounting for"}, {"start": "00:05:27", "end": "00:05:30", "text": "capital when we can just come up with"}, {"start": "00:05:28", "end": "00:05:32", "text": "new obligations year in and year out."}, {"start": "00:05:30", "end": "00:05:34", "text": "The debt cycle gets worse and worse. I"}, {"start": "00:05:32", "end": "00:05:36", "text": "think there are better ways to uh"}, {"start": "00:05:34", "end": "00:05:39", "text": "account for capital that are based on"}, {"start": "00:05:36", "end": "00:05:41", "text": "consensus, energy, and transparency. So"}, {"start": "00:05:39", "end": "00:05:43", "text": "we're still very optimistic about the"}, {"start": "00:05:41", "end": "00:05:44", "text": "technology over the long term."}, {"start": "00:05:43", "end": "00:05:46", "text": ">> I know. But I I didn't hear you say"}, {"start": "00:05:44", "end": "00:05:48", "text": "anything about the the use case of it. I"}, {"start": "00:05:46", "end": "00:05:50", "text": "mean, what what if there was never"}, {"start": "00:05:48", "end": "00:05:52", "text": "really a credible fundamental story to"}, {"start": "00:05:50", "end": "00:05:54", "text": "begin with?"}, {"start": "00:05:52", "end": "00:05:57", "text": "Well, then it might not exist, right?"}, {"start": "00:05:54", "end": "00:05:59", "text": "So, Bitcoin came into existence in the"}, {"start": "00:05:57", "end": "00:06:01", "text": "heels of the 2008 2009 financial crisis"}, {"start": "00:05:59", "end": "00:06:03", "text": "when everyone saw all of the money"}, {"start": "00:06:01", "end": "00:06:05", "text": "printing coming down the pike and and"}, {"start": "00:06:03", "end": "00:06:06", "text": "that's what happened. So, the"}, {"start": "00:06:05", "end": "00:06:09", "text": "fundamental use case is stronger and you"}, {"start": "00:06:06", "end": "00:06:10", "text": "have to look at the over underlying sets"}, {"start": "00:06:09", "end": "00:06:12", "text": "of dynamics out there around you when"}, {"start": "00:06:10", "end": "00:06:14", "text": "you make market calls. And so, you know,"}, {"start": "00:06:12", "end": "00:06:16", "text": "the fundamentals are still incredibly"}, {"start": "00:06:14", "end": "00:06:20", "text": "strong. What if the biggest problem here"}, {"start": "00:06:16", "end": "00:06:23", "text": "is it's simple and that there's just a"}, {"start": "00:06:20", "end": "00:06:26", "text": "lot of money going into other more"}, {"start": "00:06:23", "end": "00:06:29", "text": "durable fast growing areas of the market"}, {"start": "00:06:26", "end": "00:06:31", "text": "around the AI trade and Bitcoin just"}, {"start": "00:06:29", "end": "00:06:34", "text": "can't compete with that."}, {"start": "00:06:31", "end": "00:06:37", "text": ">> Well, I think AI very very long term is"}, {"start": "00:06:34", "end": "00:06:39", "text": "incredibly deflationary and to make up"}, {"start": "00:06:37", "end": "00:06:41", "text": "for that you're going to have to come up"}, {"start": "00:06:39", "end": "00:06:43", "text": "with a whole bunch more dollars to fill"}, {"start": "00:06:41", "end": "00:06:44", "text": "in for all the debts that are out there."}, {"start": "00:06:43", "end": "00:06:46", "text": "So, one of the ways out of the debt"}, {"start": "00:06:44", "end": "00:06:48", "text": "spiral is inflation and and Bitcoin is a"}, {"start": "00:06:46", "end": "00:06:50", "text": "hedge against that over the long term."}, {"start": "00:06:48", "end": "00:06:52", "text": "So, I think overall that's a very good"}, {"start": "00:06:50", "end": "00:06:54", "text": "thing over the long term for Bitcoin. In"}, {"start": "00:06:52", "end": "00:06:57", "text": "other news, Black Rockck, Goldman Sachs,"}, {"start": "00:06:54", "end": "00:07:00", "text": "JP Morgan, Coinbase, and 50 other"}, {"start": "00:06:57", "end": "00:07:02", "text": "leading financial institutions have"}, {"start": "00:07:00", "end": "00:07:06", "text": "partnered and joined together in the"}, {"start": "00:07:02", "end": "00:07:09", "text": "UK's new tokenization crypto initiative"}, {"start": "00:07:06", "end": "00:07:13", "text": "and task force. They're putting major"}, {"start": "00:07:09", "end": "00:07:15", "text": "money behind the push and focusing on"}, {"start": "00:07:13", "end": "00:07:17", "text": "tokenized collateral, tokenized funds,"}, {"start": "00:07:15", "end": "00:07:20", "text": "wholesale payment rails, legal"}, {"start": "00:07:17", "end": "00:07:23", "text": "certainty, interoperability, financial"}, {"start": "00:07:20", "end": "00:07:26", "text": "crime compliance, digital identity, and"}, {"start": "00:07:23", "end": "00:07:30", "text": "furthering tokenization and crypto. In"}, {"start": "00:07:26", "end": "00:07:32", "text": "the UK, they have major heavy hitters"}, {"start": "00:07:30", "end": "00:07:36", "text": "behind this push. In Japan, they are"}, {"start": "00:07:32", "end": "00:07:39", "text": "pushing crypto hard, breaking SBI"}, {"start": "00:07:36", "end": "00:07:42", "text": "Holdings, managing over 230 billion in"}, {"start": "00:07:39", "end": "00:07:45", "text": "assets has chosen Salana as the key"}, {"start": "00:07:42", "end": "00:07:48", "text": "blockchain partner for Japan's first"}, {"start": "00:07:45", "end": "00:07:50", "text": "crypto financial marketplace. This"}, {"start": "00:07:48", "end": "00:07:54", "text": "initiative will leverage Salana's fast"}, {"start": "00:07:50", "end": "00:07:57", "text": "lowcost blockchain for JPY stable coins,"}, {"start": "00:07:54", "end": "00:08:00", "text": "tokenized real world assets in crossber"}, {"start": "00:07:57", "end": "00:08:03", "text": "payments and institutional finance. I am"}, {"start": "00:08:00", "end": "00:08:05", "text": "bullish, my friends. Bitcoin is"}, {"start": "00:08:03", "end": "00:08:09", "text": "bottoming. Sure, Bitcoin can go a little"}, {"start": "00:08:05", "end": "00:08:11", "text": "bit lower, but it also could go a lot"}, {"start": "00:08:09", "end": "00:08:14", "text": "higher. According to Fidelity's model,"}, {"start": "00:08:11", "end": "00:08:18", "text": "Bitcoin is already in the accumulation"}, {"start": "00:08:14", "end": "00:08:21", "text": "zone. A final drop towards 56,500"}, {"start": "00:08:18", "end": "00:08:24", "text": "can't be ruled out, but Bitcoin is"}, {"start": "00:08:21", "end": "00:08:26", "text": "bottoming in this zone. Check this out."}, {"start": "00:08:24", "end": "00:08:29", "text": "Bitcoin's weekly death cross signal has"}, {"start": "00:08:26", "end": "00:08:31", "text": "flashed. It sounds bad, but in the past,"}, {"start": "00:08:29", "end": "00:08:34", "text": "by the time this signal had flashed,"}, {"start": "00:08:31", "end": "00:08:36", "text": "Bitcoin's bare market was nearly ending."}, {"start": "00:08:34", "end": "00:08:39", "text": "More and more signs confirming my belief"}, {"start": "00:08:36", "end": "00:08:43", "text": "that the accumulation season is back. It"}, {"start": "00:08:39", "end": "00:08:46", "text": "is very possible we see a triple bottom."}, {"start": "00:08:43", "end": "00:08:48", "text": "Analyst Psychedelic, a 7-year crypto"}, {"start": "00:08:46", "end": "00:08:51", "text": "veteran, writes, \"This is my main idea"}, {"start": "00:08:48", "end": "00:08:54", "text": "for Bitcoin. I'm 90% sure that the macro"}, {"start": "00:08:51", "end": "00:08:56", "text": "low is in. I give 10% to the realized"}, {"start": "00:08:54", "end": "00:08:59", "text": "cap being tested. Bitcoin going to"}, {"start": "00:08:56", "end": "00:09:02", "text": "54,000. But outside that, I think we get"}, {"start": "00:08:59", "end": "00:09:04", "text": "a triple tap here on Bitcoin before"}, {"start": "00:09:02", "end": "00:09:07", "text": "running it up to 70,000. My Bitcoin"}, {"start": "00:09:04", "end": "00:09:10", "text": "relative strength indicator has flashed"}, {"start": "00:09:07", "end": "00:09:12", "text": "a quadruple buy signal and it never has"}, {"start": "00:09:10", "end": "00:09:15", "text": "let me down. I also think the bearish"}, {"start": "00:09:12", "end": "00:09:18", "text": "cries will be very loud at 60K. Crypto"}, {"start": "00:09:15", "end": "00:09:21", "text": "is in consolidation mode, especially"}, {"start": "00:09:18", "end": "00:09:25", "text": "during crab markets like this. You can"}, {"start": "00:09:21", "end": "00:09:28", "text": "make more money by trading crypto. major"}, {"start": "00:09:25", "end": "00:09:31", "text": "bonuses for trading on WEX, including a"}, {"start": "00:09:28", "end": "00:09:35", "text": "50% deposit bonus on your first $100 or"}, {"start": "00:09:31", "end": "00:09:38", "text": "however much you deposit, $10,000 plus"}, {"start": "00:09:35", "end": "00:09:40", "text": "in reward bonuses for doing certain"}, {"start": "00:09:38", "end": "00:09:43", "text": "stuff, putting in your email, making"}, {"start": "00:09:40", "end": "00:09:46", "text": "your first trade, plus right now $500"}, {"start": "00:09:43", "end": "00:09:50", "text": "bonus to 100 winners. So if you're not"}, {"start": "00:09:46", "end": "00:09:50", "text": "trading on WEX, now is the"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "What I call the minimum significant"}, {"start": "00:00:01", "end": "00:00:06", "text": "amount that you need to be wealthy is"}, {"start": "00:00:03", "end": "00:00:07", "text": "0.21 Bitcoin. 0.21 Bitcoin. And the math"}, {"start": "00:00:06", "end": "00:00:09", "text": "behind that is"}, {"start": "00:00:07", "end": "00:00:11", "text": ">> Today I sit down with Bitcoin personal"}, {"start": "00:00:09", "end": "00:00:13", "text": "finance educator Brian Harrington."}, {"start": "00:00:11", "end": "00:00:13", "text": ">> I'm Brian Harrington. I've worked for"}, {"start": "00:00:13", "end": "00:00:15", "text": ">> [music]"}, {"start": "00:00:13", "end": "00:00:17", "text": ">> Bitcoin fintech companies for the last 8"}, {"start": "00:00:15", "end": "00:00:19", "text": "years and I've been stacking Bitcoin"}, {"start": "00:00:17", "end": "00:00:20", "text": "since 2015. I've talked to thousands of"}, {"start": "00:00:19", "end": "00:00:22", "text": "Bitcoiners about how to incorporate"}, {"start": "00:00:20", "end": "00:00:22", "text": "[music] Bitcoin into their personal"}, {"start": "00:00:22", "end": "00:00:24", "text": "finances."}, {"start": "00:00:22", "end": "00:00:26", "text": ">> About his strategy to actually get"}, {"start": "00:00:24", "end": "00:00:28", "text": "wealthy with crypto and more. What is"}, {"start": "00:00:26", "end": "00:00:31", "text": "the best financial advice you ever"}, {"start": "00:00:28", "end": "00:00:33", "text": "received? How do I actually get rich in"}, {"start": "00:00:31", "end": "00:00:34", "text": "my 30s? Like I want to I want to be"}, {"start": "00:00:33", "end": "00:00:35", "text": "wealthy."}, {"start": "00:00:34", "end": "00:00:38", "text": ">> Watch today's whole video so you"}, {"start": "00:00:35", "end": "00:00:40", "text": "understand everything. What catalysts"}, {"start": "00:00:38", "end": "00:00:42", "text": "will pull us out of this bear market"}, {"start": "00:00:40", "end": "00:00:43", "text": "into the next bull market? Click the"}, {"start": "00:00:42", "end": "00:00:45", "text": "like button if you appreciate"}, {"start": "00:00:43", "end": "00:00:46", "text": "conversations like this and let's start."}, {"start": "00:00:45", "end": "00:00:48", "text": "[music]"}, {"start": "00:00:46", "end": "00:00:51", "text": ">> Yeah, so the headline"}, {"start": "00:00:48", "end": "00:00:52", "text": "as I'm sitting here today now is I think"}, {"start": "00:00:51", "end": "00:00:55", "text": "we're at the bottom. I have think we've"}, {"start": "00:00:52", "end": "00:00:56", "text": "formed the bottom. I'm leaning towards"}, {"start": "00:00:55", "end": "00:00:59", "text": "us"}, {"start": "00:00:56", "end": "00:01:02", "text": "you know, maybe touching 58 again, but"}, {"start": "00:00:59", "end": "00:01:04", "text": "not going past 58 to the downside"}, {"start": "00:01:02", "end": "00:01:08", "text": "because I think we spent those solid few"}, {"start": "00:01:04", "end": "00:01:12", "text": "days below there. And I also believe"}, {"start": "00:01:08", "end": "00:01:13", "text": "that like I believe that the the the"}, {"start": "00:01:12", "end": "00:01:15", "text": "non-headline"}, {"start": "00:01:13", "end": "00:01:16", "text": "thing is actually going to happen this"}, {"start": "00:01:15", "end": "00:01:18", "text": "time. Like strategy is not going to go"}, {"start": "00:01:16", "end": "00:01:20", "text": "bankrupt. Sailor isn't Nothing's going"}, {"start": "00:01:18", "end": "00:01:22", "text": "to happen to him. Like this is going to"}, {"start": "00:01:20", "end": "00:01:25", "text": "be the shallowest Bitcoin bear market in"}, {"start": "00:01:22", "end": "00:01:27", "text": "history. It's only down 50 between 50"}, {"start": "00:01:25", "end": "00:01:29", "text": "and 60% off the all-time high and it's"}, {"start": "00:01:27", "end": "00:01:32", "text": "just going to be like anti-climactic"}, {"start": "00:01:29", "end": "00:01:35", "text": "right there and then grind back up to"}, {"start": "00:01:32", "end": "00:01:37", "text": "the top. So that's my like as of today"}, {"start": "00:01:35", "end": "00:01:38", "text": "what I think and then overarchingly I"}, {"start": "00:01:37", "end": "00:01:40", "text": "want people to know and I like people to"}, {"start": "00:01:38", "end": "00:01:42", "text": "know you need less than you think. You"}, {"start": "00:01:40", "end": "00:01:44", "text": "need less than you think. Like through"}, {"start": "00:01:42", "end": "00:01:46", "text": "being a part of multiple bull runs,"}, {"start": "00:01:44", "end": "00:01:49", "text": "multiple bear markets if this thing is"}, {"start": "00:01:46", "end": "00:01:53", "text": "going to become as big as like I believe"}, {"start": "00:01:49", "end": "00:01:56", "text": "it's going to, you don't have to you you"}, {"start": "00:01:53", "end": "00:01:58", "text": "actually don't have to be so all in as"}, {"start": "00:01:56", "end": "00:02:00", "text": "like a lot of people talk about, in"}, {"start": "00:01:58", "end": "00:02:02", "text": "order to benefit from that."}, {"start": "00:02:00", "end": "00:02:04", "text": ">> So,"}, {"start": "00:02:02", "end": "00:02:06", "text": "how much Bitcoin do you need and to what"}, {"start": "00:02:04", "end": "00:02:07", "text": "end? Like, I want to I want to be"}, {"start": "00:02:06", "end": "00:02:09", "text": "wealthy."}, {"start": "00:02:07", "end": "00:02:10", "text": ">> Yeah, if you want to be wealthy, I"}, {"start": "00:02:09", "end": "00:02:12", "text": "believe if"}, {"start": "00:02:10", "end": "00:02:13", "text": "So, I primarily talk to people in the"}, {"start": "00:02:12", "end": "00:02:15", "text": "United States, okay? That's how they"}, {"start": "00:02:13", "end": "00:02:16", "text": "people should should know that. So,"}, {"start": "00:02:15", "end": "00:02:18", "text": "that's the audience that I talk to, the"}, {"start": "00:02:16", "end": "00:02:20", "text": "personal finance audience. What I call"}, {"start": "00:02:18", "end": "00:02:23", "text": "the minimum significant amount that you"}, {"start": "00:02:20", "end": "00:02:25", "text": "need to be wealthy is 0.21 Bitcoin. 0.21"}, {"start": "00:02:23", "end": "00:02:27", "text": "Bitcoin. And the math behind that is"}, {"start": "00:02:25", "end": "00:02:30", "text": "there's 21 million. If you divide 21"}, {"start": "00:02:27", "end": "00:02:33", "text": "million by 0.21, you get 100 million. In"}, {"start": "00:02:30", "end": "00:02:36", "text": "a world of 8 billion people, 0.21 puts"}, {"start": "00:02:33", "end": "00:02:38", "text": "you in the top 100 million, the top 1%"}, {"start": "00:02:36", "end": "00:02:40", "text": "of people that will ever hold Bitcoin in"}, {"start": "00:02:38", "end": "00:02:41", "text": "the entire world, okay? And taking a"}, {"start": "00:02:40", "end": "00:02:43", "text": "step further, and I don't always mention"}, {"start": "00:02:41", "end": "00:02:47", "text": "this, but then that means if you own"}, {"start": "00:02:43", "end": "00:02:49", "text": "2.1, if you own 2.1 Bitcoin, you're now"}, {"start": "00:02:47", "end": "00:02:53", "text": "in the top 0.1%"}, {"start": "00:02:49", "end": "00:02:54", "text": "of the world, okay? The top 0.1%"}, {"start": "00:02:53", "end": "00:02:57", "text": "And so, you need less than you think."}, {"start": "00:02:54", "end": "00:02:59", "text": "The current fiat equivalent of 0.21 is"}, {"start": "00:02:57", "end": "00:03:03", "text": "around $14,000,"}, {"start": "00:02:59", "end": "00:03:05", "text": "and the current uh 2.1 equivalent is"}, {"start": "00:03:03", "end": "00:03:07", "text": "like 130,000,"}, {"start": "00:03:05", "end": "00:03:11", "text": "okay? And so, are those good chunks of"}, {"start": "00:03:07", "end": "00:03:14", "text": "fiat money? Totally. Totally. But, are"}, {"start": "00:03:11", "end": "00:03:17", "text": "they like easy enough to wrap your head"}, {"start": "00:03:14", "end": "00:03:20", "text": "around also? Again, for that like"}, {"start": "00:03:17", "end": "00:03:21", "text": "35 to 55-year-old just like regular"}, {"start": "00:03:20", "end": "00:03:24", "text": "regular person that's good at personal"}, {"start": "00:03:21", "end": "00:03:25", "text": "finance in the United States,"}, {"start": "00:03:24", "end": "00:03:26", "text": "I think it is. I think they're good"}, {"start": "00:03:25", "end": "00:03:29", "text": "numbers to wrap your head around. So,"}, {"start": "00:03:26", "end": "00:03:30", "text": "0.21 minimum significant amount to be"}, {"start": "00:03:29", "end": "00:03:32", "text": "wealthy."}, {"start": "00:03:30", "end": "00:03:34", "text": ">> Now, the crypto audience, who's in"}, {"start": "00:03:32", "end": "00:03:37", "text": "another bear market,"}, {"start": "00:03:34", "end": "00:03:39", "text": "is is tired of the headlines. They want"}, {"start": "00:03:37", "end": "00:03:43", "text": "the analysis behind it it, which you"}, {"start": "00:03:39", "end": "00:03:45", "text": "just gave. So, if 0.21 is going to be of"}, {"start": "00:03:43", "end": "00:03:47", "text": "any significance, what is the value"}, {"start": "00:03:45", "end": "00:03:48", "text": "prop? Why is it going to grow so much"}, {"start": "00:03:47", "end": "00:03:49", "text": "bigger?"}, {"start": "00:03:48", "end": "00:03:53", "text": ">> Yeah."}, {"start": "00:03:49", "end": "00:03:55", "text": "So, fair question. And"}, {"start": "00:03:53", "end": "00:03:56", "text": "you can't define the answer and people"}, {"start": "00:03:55", "end": "00:03:59", "text": "can decide if this is hand-wavy or not"}, {"start": "00:03:56", "end": "00:04:01", "text": "or or like too woo-woo or not, but like"}, {"start": "00:03:59", "end": "00:04:03", "text": "this is genuinely my answer, okay? You"}, {"start": "00:04:01", "end": "00:04:05", "text": "can't define it in terms of like, \"Oh,"}, {"start": "00:04:03", "end": "00:04:08", "text": "you know, when Bitcoin is a million"}, {"start": "00:04:05", "end": "00:04:10", "text": "dollars, 0.21 is only going to be"}, {"start": "00:04:08", "end": "00:04:13", "text": "$210,000.\" Like, what are you talking"}, {"start": "00:04:10", "end": "00:04:16", "text": "about, Brian? Like, I'm talking about if"}, {"start": "00:04:13", "end": "00:04:17", "text": "if Bitcoin to like remember back in the"}, {"start": "00:04:16", "end": "00:04:19", "text": "day we would talk about like Bitcoin"}, {"start": "00:04:17", "end": "00:04:21", "text": "replacing fiat money. We would talk"}, {"start": "00:04:19", "end": "00:04:22", "text": "about like separating money and state."}, {"start": "00:04:21", "end": "00:04:24", "text": "We would talk about these like really"}, {"start": "00:04:22", "end": "00:04:27", "text": "big ideas, right? I think those big"}, {"start": "00:04:24", "end": "00:04:30", "text": "ideas are still intact. If the strategy"}, {"start": "00:04:27", "end": "00:04:32", "text": "preferred stocks and Bitcoin backing"}, {"start": "00:04:30", "end": "00:04:35", "text": "them puts a dent in the way that"}, {"start": "00:04:32", "end": "00:04:38", "text": "corporate debt and corporate bonds work"}, {"start": "00:04:35", "end": "00:04:40", "text": "in the world and then that then trickles"}, {"start": "00:04:38", "end": "00:04:42", "text": "up and puts a dent in the way that"}, {"start": "00:04:40", "end": "00:04:44", "text": "United States Treasuries work in the"}, {"start": "00:04:42", "end": "00:04:46", "text": "world, that's like a very, very big"}, {"start": "00:04:44", "end": "00:04:48", "text": "world. So, you can't even define it in"}, {"start": "00:04:46", "end": "00:04:50", "text": "terms of like, \"Oh, when one Bitcoin is"}, {"start": "00:04:48", "end": "00:04:52", "text": "a million dollars or one one when one"}, {"start": "00:04:50", "end": "00:04:53", "text": "Bitcoin is 10 million dollars.\" That's"}, {"start": "00:04:52", "end": "00:04:55", "text": "not even the framing."}, {"start": "00:04:53", "end": "00:04:56", "text": "The framing is"}, {"start": "00:04:55", "end": "00:05:00", "text": "like"}, {"start": "00:04:56", "end": "00:05:02", "text": "15, 20, 25 years from now when Bitcoin"}, {"start": "00:05:00", "end": "00:05:05", "text": "is much bigger than it is today from an"}, {"start": "00:05:02", "end": "00:05:10", "text": "influence standpoint and you are in the"}, {"start": "00:05:05", "end": "00:05:13", "text": "top 1% of people that hold it, you are"}, {"start": "00:05:10", "end": "00:05:15", "text": "now a part like that influence just that"}, {"start": "00:05:13", "end": "00:05:17", "text": "influence in and of itself is going to"}, {"start": "00:05:15", "end": "00:05:20", "text": "mean that you are wealthy. So, I don't"}, {"start": "00:05:17", "end": "00:05:22", "text": "really define Yeah, that's that's how"}, {"start": "00:05:20", "end": "00:05:24", "text": "big my brain is trying to go. It's not"}, {"start": "00:05:22", "end": "00:05:26", "text": "in terms of like price points really."}, {"start": "00:05:24", "end": "00:05:28", "text": "It's in terms of like world-changing"}, {"start": "00:05:26", "end": "00:05:30", "text": "impact."}, {"start": "00:05:28", "end": "00:05:32", "text": ">> Yeah, and I sort of look at it like"}, {"start": "00:05:30", "end": "00:05:33", "text": "assuming you believe in Bitcoin, which"}, {"start": "00:05:32", "end": "00:05:35", "text": "we do. So, meaning it's not going to"}, {"start": "00:05:33", "end": "00:05:38", "text": "zero. If it does not go to zero,"}, {"start": "00:05:35", "end": "00:05:41", "text": "bare minimum and price comes down to"}, {"start": "00:05:38", "end": "00:05:44", "text": "supply and demand, bare minimum if"}, {"start": "00:05:41", "end": "00:05:46", "text": "demand just stays the same and then we"}, {"start": "00:05:44", "end": "00:05:48", "text": "said the money supply going up at 6 to"}, {"start": "00:05:46", "end": "00:05:52", "text": "8% a year. Okay, bare minimum Bitcoin"}, {"start": "00:05:48", "end": "00:05:54", "text": "will go up 8% a year if nothing changes."}, {"start": "00:05:52", "end": "00:05:56", "text": "Now, obviously"}, {"start": "00:05:54", "end": "00:05:58", "text": ">> Which is why I start to which is why I"}, {"start": "00:05:56", "end": "00:06:00", "text": "believe Bitcoin and the S&P 500 are"}, {"start": "00:05:58", "end": "00:06:02", "text": "actually the main things competing with"}, {"start": "00:06:00", "end": "00:06:03", "text": "each other now. You know, the S&P 500,"}, {"start": "00:06:02", "end": "00:06:05", "text": "people don't really think about like"}, {"start": "00:06:03", "end": "00:06:07", "text": "getting wealthy off S&P 500. You just"}, {"start": "00:06:05", "end": "00:06:09", "text": "think of like, oh, it's the passive"}, {"start": "00:06:07", "end": "00:06:11", "text": "growth index of the world. Whatever"}, {"start": "00:06:09", "end": "00:06:13", "text": "surplus money you have, you just park it"}, {"start": "00:06:11", "end": "00:06:14", "text": "in the passive the passive growth index"}, {"start": "00:06:13", "end": "00:06:16", "text": "of the world."}, {"start": "00:06:14", "end": "00:06:19", "text": "As that continues to get more and more"}, {"start": "00:06:16", "end": "00:06:21", "text": "concentrated in AI or like whatever or"}, {"start": "00:06:19", "end": "00:06:24", "text": "even just you saying like it growing at"}, {"start": "00:06:21", "end": "00:06:26", "text": "8% a year, if Bitcoin becomes the"}, {"start": "00:06:24", "end": "00:06:27", "text": "default thing that people talk about in"}, {"start": "00:06:26", "end": "00:06:31", "text": "the way they talk about the S&P 500,"}, {"start": "00:06:27", "end": "00:06:34", "text": "then it's like and you imagine owning a"}, {"start": "00:06:31", "end": "00:06:37", "text": "fixed 1% Like imagine being in the top"}, {"start": "00:06:34", "end": "00:06:38", "text": "1% of people that own the S&P 500. Like"}, {"start": "00:06:37", "end": "00:06:41", "text": "that's what we're talking about. That's"}, {"start": "00:06:38", "end": "00:06:42", "text": "what we're talking about."}, {"start": "00:06:41", "end": "00:06:44", "text": ">> Wow, when you put it like that, it"}, {"start": "00:06:42", "end": "00:06:46", "text": "sounds I it sounds like I want to hold."}, {"start": "00:06:44", "end": "00:06:49", "text": "I want to be in that 1%."}, {"start": "00:06:46", "end": "00:06:50", "text": ">> And for the relative fiat value today,"}, {"start": "00:06:49", "end": "00:06:51", "text": "like it's possible. That's what I want"}, {"start": "00:06:50", "end": "00:06:54", "text": "people to understand. Like if you've"}, {"start": "00:06:51", "end": "00:06:55", "text": "been if you've been trading altcoins or"}, {"start": "00:06:54", "end": "00:06:57", "text": "like you've been around and you like"}, {"start": "00:06:55", "end": "00:06:59", "text": "watching YouTube and it's like you're"}, {"start": "00:06:57", "end": "00:07:01", "text": "sitting at like Like I want people to"}, {"start": "00:06:59", "end": "00:07:03", "text": "understand this. If you're sitting at"}, {"start": "00:07:01", "end": "00:07:05", "text": "0.3 Bitcoin and you're just like, man, I"}, {"start": "00:07:03", "end": "00:07:08", "text": "just don't really feel like it that's"}, {"start": "00:07:05", "end": "00:07:09", "text": "significant. Like 0.3 Bitcoin in your"}, {"start": "00:07:08", "end": "00:07:12", "text": "Coinbase account, in your Robinhood"}, {"start": "00:07:09", "end": "00:07:16", "text": "account is a big deal. 0.21 becomes what"}, {"start": "00:07:12", "end": "00:07:18", "text": "you hold for like 4 to 20 years, 4 to 25"}, {"start": "00:07:16", "end": "00:07:22", "text": "years. Then you have that 0.9 to where"}, {"start": "00:07:18", "end": "00:07:25", "text": "the 0.9 can be what you sell off and use"}, {"start": "00:07:22", "end": "00:07:27", "text": "off to progress your lifestyle. Like I"}, {"start": "00:07:25", "end": "00:07:29", "text": "really want people to understand you can"}, {"start": "00:07:27", "end": "00:07:31", "text": "have your cake and eat it, too. I hate I"}, {"start": "00:07:29", "end": "00:07:33", "text": "hate the concept in personal finance and"}, {"start": "00:07:31", "end": "00:07:35", "text": "crypto that like oh, you have to like"}, {"start": "00:07:33", "end": "00:07:37", "text": "sacrifice today in order to have a great"}, {"start": "00:07:35", "end": "00:07:39", "text": "tomorrow or like like you're just like"}, {"start": "00:07:37", "end": "00:07:40", "text": "hand-wringing of like Bitcoin is the"}, {"start": "00:07:39", "end": "00:07:42", "text": "greatest thing ever. Like it has to grow"}, {"start": "00:07:40", "end": "00:07:44", "text": "super fast so that the grass can be"}, {"start": "00:07:42", "end": "00:07:47", "text": "greener on the other side. Like like no,"}, {"start": "00:07:44", "end": "00:07:49", "text": "today can be good and tomorrow can be"}, {"start": "00:07:47", "end": "00:07:50", "text": "good. You need less than you think. You"}, {"start": "00:07:49", "end": "00:07:54", "text": "need to understand how big this thing"}, {"start": "00:07:50", "end": "00:07:57", "text": "can get and like really let your brain"}, {"start": "00:07:54", "end": "00:07:58", "text": "level up at the same time that price is"}, {"start": "00:07:57", "end": "00:08:01", "text": "going to level up."}, {"start": "00:07:58", "end": "00:08:03", "text": ">> Brian, what catalysts, if we had to"}, {"start": "00:08:01", "end": "00:08:05", "text": "attribute a catalyst, will pull us out"}, {"start": "00:08:03", "end": "00:08:07", "text": "of this bear market into the next bull"}, {"start": "00:08:05", "end": "00:08:09", "text": "market? Let me give you some choices or"}, {"start": "00:08:07", "end": "00:08:12", "text": "just come up with your own."}, {"start": "00:08:09", "end": "00:08:14", "text": "Clarity Act, money printing, Trump"}, {"start": "00:08:12", "end": "00:08:17", "text": "offering goodies uh in for the crypto"}, {"start": "00:08:14", "end": "00:08:21", "text": "people and for the midterms. Like what"}, {"start": "00:08:17", "end": "00:08:24", "text": "catalyzes what brings back the buyers?"}, {"start": "00:08:21", "end": "00:08:25", "text": ">> Um I think"}, {"start": "00:08:24", "end": "00:08:27", "text": "I'm going to"}, {"start": "00:08:25", "end": "00:08:29", "text": "Dude, I think treasury companies are"}, {"start": "00:08:27", "end": "00:08:31", "text": "going to work. I think they got their"}, {"start": "00:08:29", "end": "00:08:33", "text": "face smashed in and so this is a gutsy"}, {"start": "00:08:31", "end": "00:08:36", "text": "like this is a gutsy call."}, {"start": "00:08:33", "end": "00:08:40", "text": ">> They all failed. They all failed. 100%"}, {"start": "00:08:36", "end": "00:08:42", "text": ">> 100%. I think I think that's super fair."}, {"start": "00:08:40", "end": "00:08:44", "text": "And what has happened to them is"}, {"start": "00:08:42", "end": "00:08:48", "text": "definitely definitely frustrating."}, {"start": "00:08:44", "end": "00:08:51", "text": "I do think that the concept of Bitcoin"}, {"start": "00:08:48", "end": "00:08:53", "text": "on corporate balance sheets, Bitcoin on"}, {"start": "00:08:51", "end": "00:08:55", "text": "government balance sheets, and Bitcoin"}, {"start": "00:08:53", "end": "00:08:57", "text": "on high net worth individual balance"}, {"start": "00:08:55", "end": "00:08:59", "text": "sheets, and Bitcoin on regular people"}, {"start": "00:08:57", "end": "00:09:01", "text": "balance sheets. I think that's actually"}, {"start": "00:08:59", "end": "00:09:03", "text": "going to be the catalyst. I think when"}, {"start": "00:09:01", "end": "00:09:04", "text": "people recognize that"}, {"start": "00:09:03", "end": "00:09:08", "text": "literally there's someone watching this"}, {"start": "00:09:04", "end": "00:09:09", "text": "today that for 14,000 bucks bam"}, {"start": "00:09:08", "end": "00:09:11", "text": "like they can just be done and be in the"}, {"start": "00:09:09", "end": "00:09:13", "text": "top 1% in their Coinbase account."}, {"start": "00:09:11", "end": "00:09:16", "text": "Probably multiple people watching this"}, {"start": "00:09:13", "end": "00:09:18", "text": "can just bam do that that have not ever"}, {"start": "00:09:16", "end": "00:09:20", "text": "taken a serious shot in Bitcoin yet."}, {"start": "00:09:18", "end": "00:09:21", "text": "They've like poked around and they kind"}, {"start": "00:09:20", "end": "00:09:25", "text": "of gotten it, but they haven't like"}, {"start": "00:09:21", "end": "00:09:27", "text": "actually done it. And if actually people"}, {"start": "00:09:25", "end": "00:09:28", "text": "take that and just hold the point 21 and"}, {"start": "00:09:27", "end": "00:09:30", "text": "then the companies do it and the"}, {"start": "00:09:28", "end": "00:09:32", "text": "countries do it, I think that's actually"}, {"start": "00:09:30", "end": "00:09:34", "text": "I think the classic fundamental story of"}, {"start": "00:09:32", "end": "00:09:36", "text": "just number go up and of people like"}, {"start": "00:09:34", "end": "00:09:38", "text": "accumulating, I think that's what's"}, {"start": "00:09:36", "end": "00:09:39", "text": "going to pull us out into the next bull"}, {"start": "00:09:38", "end": "00:09:40", "text": "run."}, {"start": "00:09:39", "end": "00:09:43", "text": ">> So, I I agree with what you're saying if"}, {"start": "00:09:40", "end": "00:09:45", "text": "it's framed as these aren't digital"}, {"start": "00:09:43", "end": "00:09:47", "text": "asset treasury companies' debts, but"}, {"start": "00:09:45", "end": "00:09:48", "text": "they're just regular companies that want"}, {"start": "00:09:47", "end": "00:09:50", "text": "to preserve their purchasing power and"}, {"start": "00:09:48", "end": "00:09:51", "text": "put 1 to 5%."}, {"start": "00:09:50", "end": "00:09:53", "text": ">> and I think SpaceX is a good example."}, {"start": "00:09:51", "end": "00:09:56", "text": "Like SpaceX is the most like green"}, {"start": "00:09:53", "end": "00:09:58", "text": "everyone is uh all um excited about them"}, {"start": "00:09:56", "end": "00:10:01", "text": "or whatever. It's just the almost a"}, {"start": "00:09:58", "end": "00:10:03", "text": "backstory that they also hold Bitcoin,"}, {"start": "00:10:01", "end": "00:10:05", "text": "okay? I think the other thing that's"}, {"start": "00:10:03", "end": "00:10:07", "text": "going to pull it into the future is that"}, {"start": "00:10:05", "end": "00:10:10", "text": "like just Coinbase being a part of like"}, {"start": "00:10:07", "end": "00:10:12", "text": "the NBA finals, like that was just"}, {"start": "00:10:10", "end": "00:10:14", "text": "refreshing. Like it just refreshing."}, {"start": "00:10:12", "end": "00:10:17", "text": "Coinbase is a part of that S&P 500. It's"}, {"start": "00:10:14", "end": "00:10:19", "text": "just on the basketball hoop. Ledger,"}, {"start": "00:10:17", "end": "00:10:22", "text": "Ledger just being on the Spurs jersey."}, {"start": "00:10:19", "end": "00:10:24", "text": "Like the brands that are now like in"}, {"start": "00:10:22", "end": "00:10:26", "text": "people's faces have stood the test of"}, {"start": "00:10:24", "end": "00:10:28", "text": "time. They've been here. They've been uh"}, {"start": "00:10:26", "end": "00:10:30", "text": "Fidelity having Bitcoin on-chain"}, {"start": "00:10:28", "end": "00:10:32", "text": "accounts. Schwab having Bitcoin on-chain"}, {"start": "00:10:30", "end": "00:10:36", "text": "accounts. Not just the ETFs, like having"}, {"start": "00:10:32", "end": "00:10:39", "text": "on-chain Bitcoin. So, people being able"}, {"start": "00:10:36", "end": "00:10:41", "text": "to yeah, just get the 0.21, get the 2.1"}, {"start": "00:10:39", "end": "00:10:44", "text": "in the accounts where they already bank,"}, {"start": "00:10:41", "end": "00:10:47", "text": "that's going to take the next wave."}, {"start": "00:10:44", "end": "00:10:48", "text": ">> Brian, in my final three four questions,"}, {"start": "00:10:47", "end": "00:10:49", "text": "I want to broaden out from Bitcoin,"}, {"start": "00:10:48", "end": "00:10:51", "text": "although it can still be involved"}, {"start": "00:10:49", "end": "00:10:52", "text": "Bitcoin, but this is just finance in"}, {"start": "00:10:51", "end": "00:10:54", "text": "general because what I love about your"}, {"start": "00:10:52", "end": "00:10:57", "text": "channel, why I subscribe, is you are"}, {"start": "00:10:54", "end": "00:10:59", "text": "speaking to the 30 to 50-year-old who's"}, {"start": "00:10:57", "end": "00:11:01", "text": "interested in personal finance with a"}, {"start": "00:10:59", "end": "00:11:03", "text": "Bitcoin component, but it's more than"}, {"start": "00:11:01", "end": "00:11:04", "text": "just Bitcoin. So,"}, {"start": "00:11:03", "end": "00:11:05", "text": "if you're ready,"}, {"start": "00:11:04", "end": "00:11:07", "text": "um"}, {"start": "00:11:05", "end": "00:11:10", "text": "what is the best financial advice you"}, {"start": "00:11:07", "end": "00:11:13", "text": "ever received?"}, {"start": "00:11:10", "end": "00:11:13", "text": ">> Uh"}, {"start": "00:11:13", "end": "00:11:17", "text": "I don't know who told me Well, YouTube."}, {"start": "00:11:15", "end": "00:11:20", "text": "So, house hacking. Like house hacking is"}, {"start": "00:11:17", "end": "00:11:23", "text": "the best like it just gives you such a"}, {"start": "00:11:20", "end": "00:11:27", "text": "good leg up when you don't your your"}, {"start": "00:11:23", "end": "00:11:29", "text": "rent, your mortgage payment does not"}, {"start": "00:11:27", "end": "00:11:31", "text": "have to just be an expense. Like there"}, {"start": "00:11:29", "end": "00:11:33", "text": "is a way, especially when you're first"}, {"start": "00:11:31", "end": "00:11:35", "text": "getting started, to like getting a"}, {"start": "00:11:33", "end": "00:11:37", "text": "mortgage is easier than you think. So,"}, {"start": "00:11:35", "end": "00:11:39", "text": "don't buy all of that like talk,"}, {"start": "00:11:37", "end": "00:11:41", "text": "negative talk of like too hard to buy a"}, {"start": "00:11:39", "end": "00:11:43", "text": "house, too hard, whatever. I think that"}, {"start": "00:11:41", "end": "00:11:44", "text": "the best piece of advice that I've"}, {"start": "00:11:43", "end": "00:11:46", "text": "actually ever received from like"}, {"start": "00:11:44", "end": "00:11:48", "text": "personal finance YouTube is like owning"}, {"start": "00:11:46", "end": "00:11:50", "text": "a home is possible."}, {"start": "00:11:48", "end": "00:11:52", "text": ">> And house hacking is it when you live"}, {"start": "00:11:50", "end": "00:11:53", "text": "with roommates and they help pay for the"}, {"start": "00:11:52", "end": "00:11:54", "text": "mortgage."}, {"start": "00:11:53", "end": "00:11:56", "text": ">> Exactly."}, {"start": "00:11:54", "end": "00:11:57", "text": ">> But you own the house. You applied for"}, {"start": "00:11:56", "end": "00:11:58", "text": "the house."}, {"start": "00:11:57", "end": "00:12:00", "text": ">> You own the house. Like you're already"}, {"start": "00:11:58", "end": "00:12:02", "text": "there's so many you're already in a"}, {"start": "00:12:00", "end": "00:12:05", "text": "situation with roommates splitting"}, {"start": "00:12:02", "end": "00:12:06", "text": "expenses. Just do the same thing with a"}, {"start": "00:12:05", "end": "00:12:08", "text": "mortgage. You can do it. You can learn"}, {"start": "00:12:06", "end": "00:12:09", "text": "how to get a mortgage the same way as"}, {"start": "00:12:08", "end": "00:12:11", "text": "learning anything else and then you take"}, {"start": "00:12:09", "end": "00:12:13", "text": "the roommates that you have with you"}, {"start": "00:12:11", "end": "00:12:14", "text": "over there, do the same thing, but you"}, {"start": "00:12:13", "end": "00:12:16", "text": "just capture more of the value and"}, {"start": "00:12:14", "end": "00:12:18", "text": "compound your net worth doing the same"}, {"start": "00:12:16", "end": "00:12:20", "text": "thing you're already doing to that."}, {"start": "00:12:18", "end": "00:12:22", "text": ">> Also, Fannie and Freddie now allows you"}, {"start": "00:12:20", "end": "00:12:24", "text": "to borrow off your Bitcoin for the down"}, {"start": "00:12:22", "end": "00:12:25", "text": "payment. That's never been possible"}, {"start": "00:12:24", "end": "00:12:27", "text": "before this year."}, {"start": "00:12:25", "end": "00:12:28", "text": ">> Great point. Easier than ever. Easier"}, {"start": "00:12:27", "end": "00:12:30", "text": "than ever."}, {"start": "00:12:28", "end": "00:12:32", "text": ">> So, Brian, maybe that's one component of"}, {"start": "00:12:30", "end": "00:12:35", "text": "my next question, but I want you to"}, {"start": "00:12:32", "end": "00:12:38", "text": "really for this next one give me detail,"}, {"start": "00:12:35", "end": "00:12:43", "text": "give me give me your thought process."}, {"start": "00:12:38", "end": "00:12:43", "text": "How do I actually get rich in my 30s?"}, {"start": "00:12:43", "end": "00:12:50", "text": ">> Uh I think combine so, I think combining"}, {"start": "00:12:46", "end": "00:12:52", "text": "finances with a spouse like definitely"}, {"start": "00:12:50", "end": "00:12:54", "text": "makes you more bulletproof. I think both"}, {"start": "00:12:52", "end": "00:12:57", "text": "I think both people working and"}, {"start": "00:12:54", "end": "00:13:01", "text": "combining finances together, owning a"}, {"start": "00:12:57", "end": "00:13:04", "text": "home, and then like buying Bitcoin."}, {"start": "00:13:01", "end": "00:13:06", "text": "Those that's like truly the stool."}, {"start": "00:13:04", "end": "00:13:08", "text": "That's that's truly the stool."}, {"start": "00:13:06", "end": "00:13:10", "text": ">> Is it is it that easy? So, I got to"}, {"start": "00:13:08", "end": "00:13:11", "text": "marry somebody and then just combine the"}, {"start": "00:13:10", "end": "00:13:12", "text": "income."}, {"start": "00:13:11", "end": "00:13:14", "text": ">> I think I think it is. I think it"}, {"start": "00:13:12", "end": "00:13:17", "text": "genuinely Ask your chat GPT. Ask your"}, {"start": "00:13:14", "end": "00:13:21", "text": "favorite Ask your favorite AI like if if"}, {"start": "00:13:17", "end": "00:13:23", "text": "like being married is a like a is a net"}, {"start": "00:13:21", "end": "00:13:24", "text": "worth increaser."}, {"start": "00:13:23", "end": "00:13:26", "text": ">> Okay. So, I want to even get more"}, {"start": "00:13:24", "end": "00:13:28", "text": "specific. How do I actually get rich in"}, {"start": "00:13:26", "end": "00:13:31", "text": "my 30s? We can put house hacking one,"}, {"start": "00:13:28", "end": "00:13:33", "text": "real estate is a way to get rich, and"}, {"start": "00:13:31", "end": "00:13:36", "text": "arbitrage money's value over time."}, {"start": "00:13:33", "end": "00:13:38", "text": ">> Focus on Yeah, and then that focus on"}, {"start": "00:13:36", "end": "00:13:40", "text": "making more money. Like this is"}, {"start": "00:13:38", "end": "00:13:41", "text": "constantly thrown around, but if you"}, {"start": "00:13:40", "end": "00:13:43", "text": "were to ask me like, \"Oh, what's the"}, {"start": "00:13:41", "end": "00:13:45", "text": "piece of advice that like you didn't"}, {"start": "00:13:43", "end": "00:13:47", "text": "hear hard enough?\" Make more money. Like"}, {"start": "00:13:45", "end": "00:13:49", "text": "focus on increasing your base salary."}, {"start": "00:13:47", "end": "00:13:51", "text": "Focus on increasing your base salary. I"}, {"start": "00:13:49", "end": "00:13:53", "text": "was too focused One One One mistake that"}, {"start": "00:13:51", "end": "00:13:56", "text": "I made in my kind of like call it"}, {"start": "00:13:53", "end": "00:13:58", "text": "corporate career is I was too focused on"}, {"start": "00:13:56", "end": "00:14:00", "text": "kind of the way people saw me or like"}, {"start": "00:13:58", "end": "00:14:03", "text": "what my title was or like I was I was"}, {"start": "00:14:00", "end": "00:14:04", "text": "too focused on kind of soft stuff like"}, {"start": "00:14:03", "end": "00:14:06", "text": "that and not just straight to the point"}, {"start": "00:14:04", "end": "00:14:07", "text": "on like, \"What's the salary? What's the"}, {"start": "00:14:06", "end": "00:14:09", "text": "comp plan?\" What's the salary? What's"}, {"start": "00:14:07", "end": "00:14:12", "text": "the comp plan? Like and you can increase"}, {"start": "00:14:09", "end": "00:14:14", "text": "it. Just increase it. Like you have the"}, {"start": "00:14:12", "end": "00:14:16", "text": "ability to make more money. You deserve"}, {"start": "00:14:14", "end": "00:14:17", "text": "a higher salary and believe that about"}, {"start": "00:14:16", "end": "00:14:18", "text": "yourself."}, {"start": "00:14:17", "end": "00:14:20", "text": ">> Okay. And maybe some of the audience"}, {"start": "00:14:18", "end": "00:14:22", "text": "right now is saying, \"Oh, make more"}, {"start": "00:14:20", "end": "00:14:24", "text": "money. I didn't think of it that way.\""}, {"start": "00:14:22", "end": "00:14:26", "text": "But to get specific, what you basically"}, {"start": "00:14:24", "end": "00:14:29", "text": "you're saying is because the easiest way"}, {"start": "00:14:26", "end": "00:14:30", "text": "to do that is change jobs every 12 to 24"}, {"start": "00:14:29", "end": "00:14:33", "text": "months cuz that's really the way."}, {"start": "00:14:30", "end": "00:14:33", "text": ">> Yes. No, yeah, that's ex- that's exactly"}, {"start": "00:14:33", "end": "00:14:34", "text": "the way."}, {"start": "00:14:33", "end": "00:14:37", "text": ">> Okay."}, {"start": "00:14:34", "end": "00:14:39", "text": "And final question on how to actually"}, {"start": "00:14:37", "end": "00:14:40", "text": "get rich in your 30s, portfolio"}, {"start": "00:14:39", "end": "00:14:43", "text": "breakdown including real estate,"}, {"start": "00:14:40", "end": "00:14:45", "text": "including everything, what would you"}, {"start": "00:14:43", "end": "00:14:47", "text": "What are you telling your audience?"}, {"start": "00:14:45", "end": "00:14:50", "text": ">> I'm"}, {"start": "00:14:47", "end": "00:14:53", "text": "It's It's some percent of just Bitcoin"}, {"start": "00:14:50", "end": "00:14:56", "text": "USD and real estate."}, {"start": "00:14:53", "end": "00:14:58", "text": "I don't really see"}, {"start": "00:14:56", "end": "00:15:00", "text": "I don't I don't have stocks like and I"}, {"start": "00:14:58", "end": "00:15:01", "text": "don't I think stocks are caught in no"}, {"start": "00:15:00", "end": "00:15:04", "text": "man's land. I think stocks are now"}, {"start": "00:15:01", "end": "00:15:06", "text": "caught in no man's land between being a"}, {"start": "00:15:04", "end": "00:15:09", "text": "high growth asset and between just being"}, {"start": "00:15:06", "end": "00:15:11", "text": "a savings vehicle. And so I just believe"}, {"start": "00:15:09", "end": "00:15:15", "text": "having the right ratio of"}, {"start": "00:15:11", "end": "00:15:16", "text": "cash, Bitcoin, and real estate is like"}, {"start": "00:15:15", "end": "00:15:18", "text": "is the way to do it."}, {"start": "00:15:16", "end": "00:15:21", "text": ">> So So would you say a third cash right"}, {"start": "00:15:18", "end": "00:15:24", "text": "now for dips, a third bi- But but you're"}, {"start": "00:15:21", "end": "00:15:27", "text": "only recommending 2.1 Bitcoin"}, {"start": "00:15:24", "end": "00:15:29", "text": ">> No, exactly. Exactly. Like it's that's I"}, {"start": "00:15:27", "end": "00:15:31", "text": "would take I would chase it more from a"}, {"start": "00:15:29", "end": "00:15:33", "text": "static cash flow standpoint. Like I'm"}, {"start": "00:15:31", "end": "00:15:35", "text": "really big cash flow guy. Like so rather"}, {"start": "00:15:33", "end": "00:15:37", "text": "I actually"}, {"start": "00:15:35", "end": "00:15:38", "text": "Yeah, you take how much money you make,"}, {"start": "00:15:37", "end": "00:15:40", "text": "take how much money you make, keep"}, {"start": "00:15:38", "end": "00:15:42", "text": "trying to increase that number, and then"}, {"start": "00:15:40", "end": "00:15:44", "text": "you take your mortgage, get the"}, {"start": "00:15:42", "end": "00:15:46", "text": "lifestyle asset of your mortgage. Have a"}, {"start": "00:15:44", "end": "00:15:48", "text": "really nice house. I think have a really"}, {"start": "00:15:46", "end": "00:15:50", "text": "nice house, stretch a little bit on"}, {"start": "00:15:48", "end": "00:15:51", "text": "that. Stretch a little bit on that. And"}, {"start": "00:15:50", "end": "00:15:54", "text": "so well like right now what a lot of"}, {"start": "00:15:51", "end": "00:15:55", "text": "people do the answer people want is like"}, {"start": "00:15:54", "end": "00:15:58", "text": "oh live below your means and I can"}, {"start": "00:15:55", "end": "00:16:00", "text": "invest like 80% of your money. I'm like"}, {"start": "00:15:58", "end": "00:16:02", "text": "grab a little I'm let's reframe it for a"}, {"start": "00:16:00", "end": "00:16:05", "text": "second. Grab a little bit of a higher"}, {"start": "00:16:02", "end": "00:16:08", "text": "mortgage than you feel comfortable with,"}, {"start": "00:16:05", "end": "00:16:10", "text": "split across you and your spouse's job,"}, {"start": "00:16:08", "end": "00:16:14", "text": "always be trying to level up to the next"}, {"start": "00:16:10", "end": "00:16:19", "text": "job to make more money, and then carry"}, {"start": "00:16:14", "end": "00:16:22", "text": "your reserve in cash and Bitcoin, and"}, {"start": "00:16:19", "end": "00:16:25", "text": "lean it more to cash or more to Bitcoin"}, {"start": "00:16:22", "end": "00:16:28", "text": "based on how much cash flow your job has"}, {"start": "00:16:25", "end": "00:16:30", "text": "above that stretched mortgage. That's"}, {"start": "00:16:28", "end": "00:16:34", "text": "the framing I would go into it. And then"}, {"start": "00:16:30", "end": "00:16:37", "text": "if after all of that you like have the"}, {"start": "00:16:34", "end": "00:16:40", "text": "2.1 and you have the mortgage, and you"}, {"start": "00:16:37", "end": "00:16:43", "text": "don't really want to accumulate extra"}, {"start": "00:16:40", "end": "00:16:45", "text": "Bitcoin, then"}, {"start": "00:16:43", "end": "00:16:47", "text": "pick your S&P 500, pick your NASDAQ,"}, {"start": "00:16:45", "end": "00:16:50", "text": "pick your whatever. But"}, {"start": "00:16:47", "end": "00:16:52", "text": "like even before that go do the like max"}, {"start": "00:16:50", "end": "00:16:55", "text": "out your Roth IRA and max out your HSA"}, {"start": "00:16:52", "end": "00:16:56", "text": "like kind of stuff. And so"}, {"start": "00:16:55", "end": "00:16:58", "text": "yeah."}, {"start": "00:16:56", "end": "00:17:02", "text": ">> Final question, Brian."}, {"start": "00:16:58", "end": "00:17:04", "text": "The greatest trade ever. Most don't see"}, {"start": "00:17:02", "end": "00:17:07", "text": "it yet."}, {"start": "00:17:04", "end": "00:17:07", "text": "What would you What is that to you?"}, {"start": "00:17:08", "end": "00:17:10", "text": ">> So"}, {"start": "00:17:11", "end": "00:17:15", "text": ">> Mhm. Maybe maybe maybe S&C under par. I"}, {"start": "00:17:14", "end": "00:17:17", "text": "don't know. Like"}, {"start": "00:17:15", "end": "00:17:19", "text": ">> No, I think that here's where my brain"}, {"start": "00:17:17", "end": "00:17:22", "text": "went. Here's where my brain went. I've"}, {"start": "00:17:19", "end": "00:17:25", "text": "changed my mind on trading in general."}, {"start": "00:17:22", "end": "00:17:27", "text": "And this is my answer. My answer is"}, {"start": "00:17:25", "end": "00:17:30", "text": "I'm I like to talk"}, {"start": "00:17:27", "end": "00:17:31", "text": "meta-analysis of the thing. When I prior"}, {"start": "00:17:30", "end": "00:17:34", "text": "Brian would hear that question and he'd"}, {"start": "00:17:31", "end": "00:17:37", "text": "be like, \"Oh, trading. Oh, like that's"}, {"start": "00:17:34", "end": "00:17:40", "text": "just for whatever.\" Like that So So I'm"}, {"start": "00:17:37", "end": "00:17:42", "text": "calling out that used to be my answer,"}, {"start": "00:17:40", "end": "00:17:44", "text": "but I've changed my mind and where"}, {"start": "00:17:42", "end": "00:17:46", "text": "that's coming from is that's coming from"}, {"start": "00:17:44", "end": "00:17:47", "text": "a basically like a scarcity play. So"}, {"start": "00:17:46", "end": "00:17:48", "text": "like, \"No, the best thing you can do is"}, {"start": "00:17:47", "end": "00:17:51", "text": "buy Bitcoin. The best thing you can do"}, {"start": "00:17:48", "end": "00:17:54", "text": "like is whatever.\" The best trade is one"}, {"start": "00:17:51", "end": "00:17:57", "text": "that you have an actual edge on. So I"}, {"start": "00:17:54", "end": "00:18:00", "text": "can't tell you what the best trade is"}, {"start": "00:17:57", "end": "00:18:02", "text": "because I don't know the position like"}, {"start": "00:18:00", "end": "00:18:03", "text": "that you're in and you have to be really"}, {"start": "00:18:02", "end": "00:18:06", "text": "honest with yourself about that. You do"}, {"start": "00:18:03", "end": "00:18:08", "text": "really honest about like, \"Where do I"}, {"start": "00:18:06", "end": "00:18:12", "text": "have an edge? Like where Where do I have"}, {"start": "00:18:08", "end": "00:18:15", "text": "an edge and what am I trying to do?\""}, {"start": "00:18:12", "end": "00:18:18", "text": "Okay? Because my favorite trade right"}, {"start": "00:18:15", "end": "00:18:20", "text": "now, my favorite trade is the Bitcoin"}, {"start": "00:18:18", "end": "00:18:22", "text": "15-minute contracts on Kalshi. That's"}, {"start": "00:18:20", "end": "00:18:25", "text": "where I've been spending a ton of time"}, {"start": "00:18:22", "end": "00:18:26", "text": "on and I'm trying to dial in my edge on"}, {"start": "00:18:25", "end": "00:18:28", "text": "that."}, {"start": "00:18:26", "end": "00:18:29", "text": ">> You told me a little bit about your"}, {"start": "00:18:28", "end": "00:18:30", "text": "edge. We're not going to talk about it"}, {"start": "00:18:29", "end": "00:18:32", "text": "this video cuz I want before I share"}, {"start": "00:18:30", "end": "00:18:34", "text": "with my audience and before you share"}, {"start": "00:18:32", "end": "00:18:34", "text": "with yours, we want to make sure it's"}, {"start": "00:18:34", "end": "00:18:36", "text": "real."}, {"start": "00:18:34", "end": "00:18:37", "text": ">> 100%. I got to fine-tune it. I got to"}, {"start": "00:18:36", "end": "00:18:40", "text": "fine-tune it. I'm not I'm not going to"}, {"start": "00:18:37", "end": "00:18:41", "text": "throw out ramp mad bad signals. So I got"}, {"start": "00:18:40", "end": "00:18:42", "text": "to work on it."}, {"start": "00:18:41", "end": "00:18:45", "text": ">> And I just to even broaden out the"}, {"start": "00:18:42", "end": "00:18:47", "text": "definition of a trade, I would say a"}, {"start": "00:18:45", "end": "00:18:50", "text": "mortgage is a trade with the edge being"}, {"start": "00:18:47", "end": "00:18:51", "text": "we know money's going to be devalued. So"}, {"start": "00:18:50", "end": "00:18:53", "text": "if you have 30 years whatever at a low"}, {"start": "00:18:51", "end": "00:18:55", "text": "interest rate to pay that off, that's"}, {"start": "00:18:53", "end": "00:18:57", "text": "the time arbitrage of money being"}, {"start": "00:18:55", "end": "00:19:00", "text": "devalued. That's a trade. So investments"}, {"start": "00:18:57", "end": "00:19:03", "text": "to me are long-term trades, you know."}, {"start": "00:19:00", "end": "00:19:04", "text": ">> 100%. Yeah, exactly. That's why yeah. So"}, {"start": "00:19:03", "end": "00:19:07", "text": "the best the best trade available today"}, {"start": "00:19:04", "end": "00:19:10", "text": "is if you have the $14,000 and you don't"}, {"start": "00:19:07", "end": "00:19:12", "text": "have 0.21 Bitcoin and you have the cash"}, {"start": "00:19:10", "end": "00:19:14", "text": "flow to support that, that is the best"}, {"start": "00:19:12", "end": "00:19:15", "text": "trade available to that."}, {"start": "00:19:14", "end": "00:19:17", "text": ">> Brian Harrington, men, links for all"}, {"start": "00:19:15", "end": "00:19:20", "text": "your stuff down below. Really appreciate"}, {"start": "00:19:17", "end": "00:19:22", "text": "you joining me today. Final thoughts."}, {"start": "00:19:20", "end": "00:19:25", "text": ">> That's enjoy the summer. Like enjoy the"}, {"start": "00:19:22", "end": "00:19:28", "text": "Bitcoin 2026 bear market grind summer."}, {"start": "00:19:25", "end": "00:19:31", "text": "Practice enjoying both. Enjoying the"}, {"start": "00:19:28", "end": "00:19:35", "text": "bear market grind of accumulation and"}, {"start": "00:19:31", "end": "00:19:35", "text": "the like actual life."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Ceasefire over. It's It's the ceasefire"}, {"start": "00:00:02", "end": "00:00:07", "text": "done. Is the MOU dead?"}, {"start": "00:00:05", "end": "00:00:09", "text": ">> It's a very interesting question."}, {"start": "00:00:07", "end": "00:00:10", "text": "To me,"}, {"start": "00:00:09", "end": "00:00:12", "text": "I think it's over."}, {"start": "00:00:10", "end": "00:00:15", "text": ">> And we took another leg down. What's"}, {"start": "00:00:12", "end": "00:00:18", "text": "good to for me to see what I like is all"}, {"start": "00:00:15", "end": "00:00:20", "text": "markets went down, yes, but also the"}, {"start": "00:00:18", "end": "00:00:23", "text": "Bitcoin market didn't really care. It's"}, {"start": "00:00:20", "end": "00:00:25", "text": "almost like the people that are still in"}, {"start": "00:00:23", "end": "00:00:28", "text": "this market are holding. The sellers"}, {"start": "00:00:25", "end": "00:00:30", "text": "have vastly been exhausted. Now, what's"}, {"start": "00:00:28", "end": "00:00:33", "text": "not good is that we can't quite get"}, {"start": "00:00:30", "end": "00:00:37", "text": "above this 200-week moving average. Last"}, {"start": "00:00:33", "end": "00:00:40", "text": "time we couldn't clear that, notice back"}, {"start": "00:00:37", "end": "00:00:42", "text": "in 2022, we we couldn't clear it. It was"}, {"start": "00:00:40", "end": "00:00:44", "text": "messy. It was mixed. And we took another"}, {"start": "00:00:42", "end": "00:00:47", "text": "about 20%"}, {"start": "00:00:44", "end": "00:00:49", "text": "leg down, which marked the bottom. The"}, {"start": "00:00:47", "end": "00:00:51", "text": "Clarity Act would be that catalyst to"}, {"start": "00:00:49", "end": "00:00:53", "text": "reverse us, to send us back into bull."}, {"start": "00:00:51", "end": "00:00:56", "text": "And I liked this. Senate Banking"}, {"start": "00:00:53", "end": "00:00:58", "text": "Committee member Kevin Cramer does think"}, {"start": "00:00:56", "end": "00:01:00", "text": "it's possible before summer recess."}, {"start": "00:00:58", "end": "00:01:02", "text": ">> So, I'm still hopeful for Clarity. The"}, {"start": "00:01:00", "end": "00:01:04", "text": "good thing about Clarity, Maria, is both"}, {"start": "00:01:02", "end": "00:01:07", "text": "sides do want to do it. They do want to"}, {"start": "00:01:04", "end": "00:01:09", "text": "have good legislation along, you know,"}, {"start": "00:01:07", "end": "00:01:12", "text": "the issue, obviously, of cryptocurrency."}, {"start": "00:01:09", "end": "00:01:12", "text": "And we need to"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Like if you look at the 2018 bare market"}, {"start": "00:00:02", "end": "00:00:06", "text": "compared to the 2026 bare market,"}, {"start": "00:00:04", "end": "00:00:09", "text": "they're actually really similar. Look at"}, {"start": "00:00:06", "end": "00:00:10", "text": "the similarities. Really eerily similar."}, {"start": "00:00:09", "end": "00:00:12", "text": "And I'll actually talk about where I"}, {"start": "00:00:10", "end": "00:00:16", "text": "think they're going to deviate. History"}, {"start": "00:00:12", "end": "00:00:18", "text": "is repeating, says data scientist Ben"}, {"start": "00:00:16", "end": "00:00:22", "text": "Cowan, who is noticing some eerie"}, {"start": "00:00:18", "end": "00:00:25", "text": "similarities between 2026 and 2018. A"}, {"start": "00:00:22", "end": "00:00:28", "text": "final crash is coming. So you're saying"}, {"start": "00:00:25", "end": "00:00:31", "text": "that this year playing out very similar"}, {"start": "00:00:28", "end": "00:00:33", "text": "to 2018 and obviously after a big dip in"}, {"start": "00:00:31", "end": "00:00:36", "text": "the beginning of 2018 and you know"}, {"start": "00:00:33", "end": "00:00:39", "text": "ranging near the lows we saw that one"}, {"start": "00:00:36", "end": "00:00:41", "text": "final capitulation if true if there's"}, {"start": "00:00:39", "end": "00:00:44", "text": "one more capitulation left. What is your"}, {"start": "00:00:41", "end": "00:00:46", "text": "price target? Ben Cowan gives his best"}, {"start": "00:00:44", "end": "00:00:50", "text": "prediction for where he thinks Bitcoin"}, {"start": "00:00:46", "end": "00:00:53", "text": "goes next based on data. You have three"}, {"start": "00:00:50", "end": "00:00:55", "text": "months. Threemonth warning. Altcoin"}, {"start": "00:00:53", "end": "00:00:57", "text": "daily audience. It is. Now that you show"}, {"start": "00:00:55", "end": "00:01:00", "text": "me all this, it is amazing how closely"}, {"start": "00:00:57", "end": "00:01:03", "text": "it has like followed 2018."}, {"start": "00:01:00", "end": "00:01:05", "text": "Smash the like button. Share this video"}, {"start": "00:01:03", "end": "00:01:08", "text": "with one friend who also follows"}, {"start": "00:01:05", "end": "00:01:10", "text": "Bitcoin. And let's jump into this."}, {"start": "00:01:08", "end": "00:01:13", "text": "Macroeconomic analyst and data"}, {"start": "00:01:10", "end": "00:01:16", "text": "scientist, also sometimes known as a"}, {"start": "00:01:13", "end": "00:01:19", "text": "dubious speculator, Benjamin Cowen of"}, {"start": "00:01:16", "end": "00:01:23", "text": "Into the Cryptoverse. He has just"}, {"start": "00:01:19", "end": "00:01:25", "text": "started a new crypto and cycles"}, {"start": "00:01:23", "end": "00:01:29", "text": "investing conference. It's in Miami"}, {"start": "00:01:25", "end": "00:01:33", "text": "November 21st. 10% off tickets with my"}, {"start": "00:01:29", "end": "00:01:35", "text": "link below. More on that later. But then"}, {"start": "00:01:33", "end": "00:01:37", "text": "I'm really happy you're coming on today."}, {"start": "00:01:35", "end": "00:01:39", "text": "Before we talk about price, man, how are"}, {"start": "00:01:37", "end": "00:01:41", "text": "you? How are you getting through these"}, {"start": "00:01:39", "end": "00:01:43", "text": "hard times in crypto?"}, {"start": "00:01:41", "end": "00:01:45", "text": ">> The World Cup. I think that's how I'm"}, {"start": "00:01:43", "end": "00:01:46", "text": "getting through it. Um I mean the World"}, {"start": "00:01:45", "end": "00:01:48", "text": "Cup is fun. That's one of the highlights"}, {"start": "00:01:46", "end": "00:01:50", "text": "of midterm years, right? is every"}, {"start": "00:01:48", "end": "00:01:52", "text": "midterm year we have the World Cup. So"}, {"start": "00:01:50", "end": "00:01:55", "text": "that's what I'm mostly watching. And you"}, {"start": "00:01:52", "end": "00:01:58", "text": "know with crypto a lot of times we get a"}, {"start": "00:01:55", "end": "00:02:00", "text": "sort of a big drop going into the summer"}, {"start": "00:01:58", "end": "00:02:04", "text": "like late June, early July and and then"}, {"start": "00:02:00", "end": "00:02:05", "text": "the the markets kind of go up slightly"}, {"start": "00:02:04", "end": "00:02:08", "text": "for usually part of July and August. So"}, {"start": "00:02:05", "end": "00:02:10", "text": "you get like a little reprieve from that"}, {"start": "00:02:08", "end": "00:02:11", "text": "from that bare market. But yeah, I think"}, {"start": "00:02:10", "end": "00:02:13", "text": "just trying to distract myself with"}, {"start": "00:02:11", "end": "00:02:16", "text": "other things. Real life, right? Real"}, {"start": "00:02:13", "end": "00:02:19", "text": "life. We have five kids, too. We had our"}, {"start": "00:02:16", "end": "00:02:22", "text": "fifth kid this year. That's certainly um"}, {"start": "00:02:19", "end": "00:02:23", "text": "taken a lot of my attention as well. So,"}, {"start": "00:02:22", "end": "00:02:25", "text": "I guess life is the way I'm getting is"}, {"start": "00:02:23", "end": "00:02:27", "text": "getting through it."}, {"start": "00:02:25", "end": "00:02:28", "text": ">> That's awesome. That's awesome. The bare"}, {"start": "00:02:27", "end": "00:02:31", "text": "market didn't stop you from meeting a"}, {"start": "00:02:28", "end": "00:02:32", "text": "nice lovely woman and starting a family."}, {"start": "00:02:31", "end": "00:02:36", "text": ">> Exactly."}, {"start": "00:02:32", "end": "00:02:39", "text": ">> But real quick, uh World Cup prediction."}, {"start": "00:02:36", "end": "00:02:41", "text": ">> So, like like crypto, there's what I"}, {"start": "00:02:39", "end": "00:02:44", "text": "want to happen and what I think will"}, {"start": "00:02:41", "end": "00:02:47", "text": "happen, right? And what I want to happen"}, {"start": "00:02:44", "end": "00:02:49", "text": "is I want the US to win the whole thing,"}, {"start": "00:02:47", "end": "00:02:52", "text": "right? Like without a doubt, that's who"}, {"start": "00:02:49", "end": "00:02:55", "text": "I that's who I want to see. Um, now, is"}, {"start": "00:02:52", "end": "00:02:58", "text": "that likely? Probably not. But I'm going"}, {"start": "00:02:55", "end": "00:03:00", "text": "to be a I'm going to be a blind permable"}, {"start": "00:02:58", "end": "00:03:02", "text": "rooting for the USA, even though it"}, {"start": "00:03:00", "end": "00:03:05", "text": "might not seem like the most likely"}, {"start": "00:03:02", "end": "00:03:08", "text": "outcome. Who do I think will win it? Um,"}, {"start": "00:03:05", "end": "00:03:11", "text": "I mean, Argentina's got to be up there."}, {"start": "00:03:08", "end": "00:03:12", "text": "I think France has has pretty good odds."}, {"start": "00:03:11", "end": "00:03:14", "text": "I mean, just the the main juggernauts,"}, {"start": "00:03:12", "end": "00:03:17", "text": "right? You have France, Spain,"}, {"start": "00:03:14", "end": "00:03:19", "text": "Argentina, and England. Um, Germany get"}, {"start": "00:03:17", "end": "00:03:21", "text": "going out was a big surprise and that"}, {"start": "00:03:19", "end": "00:03:23", "text": "was a pretty big surprise early."}, {"start": "00:03:21", "end": "00:03:25", "text": "Brazil's out. You know, I'd like to see"}, {"start": "00:03:23", "end": "00:03:27", "text": "Norway do well. I I think Holland is uh"}, {"start": "00:03:25", "end": "00:03:29", "text": "is really fun to watch play. Like to see"}, {"start": "00:03:27", "end": "00:03:31", "text": "them do well. And also, by the way, the"}, {"start": "00:03:29", "end": "00:03:34", "text": "best chess player in the world is also"}, {"start": "00:03:31", "end": "00:03:35", "text": "from Norway, Magnus Carlson. So, that'd"}, {"start": "00:03:34", "end": "00:03:38", "text": "be kind of cool to see them do well. So"}, {"start": "00:03:35", "end": "00:03:40", "text": "I I don't really, you know, it's hard to"}, {"start": "00:03:38", "end": "00:03:44", "text": "know because even Argentina only beat"}, {"start": "00:03:40", "end": "00:03:46", "text": "CBO Verde three to two, you know. So"}, {"start": "00:03:44", "end": "00:03:48", "text": "this is one of those things where no one"}, {"start": "00:03:46", "end": "00:03:50", "text": "really knows. I'm I'm cheering for the"}, {"start": "00:03:48", "end": "00:03:52", "text": "USA and and if it's not them, it'll"}, {"start": "00:03:50", "end": "00:03:56", "text": "probably be one of those big four."}, {"start": "00:03:52", "end": "00:03:58", "text": ">> Ben, let's jump in to Bitcoin and, you"}, {"start": "00:03:56", "end": "00:04:00", "text": "know, your thoughts on, you know, what"}, {"start": "00:03:58", "end": "00:04:03", "text": "comes next. I guess to start things off,"}, {"start": "00:04:00", "end": "00:04:04", "text": "what surprised you the most in 2026 so"}, {"start": "00:04:03", "end": "00:04:06", "text": "far?"}, {"start": "00:04:04", "end": "00:04:08", "text": "I think I'm I I think I'm actually"}, {"start": "00:04:06", "end": "00:04:11", "text": "really surprised by just how closely"}, {"start": "00:04:08", "end": "00:04:12", "text": "it's matched 2018. Like I keep thinking,"}, {"start": "00:04:11", "end": "00:04:15", "text": "all right, like it'll deviate at some"}, {"start": "00:04:12", "end": "00:04:18", "text": "point and throw us a curveball that that"}, {"start": "00:04:15", "end": "00:04:20", "text": "is is tough to, you know, sort of that's"}, {"start": "00:04:18", "end": "00:04:22", "text": "tough to foresee, but then so far it"}, {"start": "00:04:20", "end": "00:04:24", "text": "keeps playing out in the same way. And"}, {"start": "00:04:22", "end": "00:04:25", "text": "uh I could I could share my screen"}, {"start": "00:04:24", "end": "00:04:27", "text": "quickly and kind of show you guys what"}, {"start": "00:04:25", "end": "00:04:30", "text": "I'm talking about. Like if you look at"}, {"start": "00:04:27", "end": "00:04:32", "text": "at the 2018 bare market compared to the"}, {"start": "00:04:30", "end": "00:04:33", "text": "2026 bare market, they're actually"}, {"start": "00:04:32", "end": "00:04:35", "text": "really similar. And I'll actually talk"}, {"start": "00:04:33", "end": "00:04:37", "text": "about where I think they're going to"}, {"start": "00:04:35", "end": "00:04:39", "text": "deviate. Um,"}, {"start": "00:04:37", "end": "00:04:40", "text": "now they may not look similar and the"}, {"start": "00:04:39", "end": "00:04:43", "text": "reason."}, {"start": "00:04:40", "end": "00:04:46", "text": ">> So you're saying that this year playing"}, {"start": "00:04:43", "end": "00:04:48", "text": "out very similar to 2018 and obviously,"}, {"start": "00:04:46", "end": "00:04:50", "text": "you know, after a big dip in the"}, {"start": "00:04:48", "end": "00:04:53", "text": "beginning of 2018 and, you know, ranging"}, {"start": "00:04:50", "end": "00:04:55", "text": "near the lows, we saw that one final"}, {"start": "00:04:53", "end": "00:04:56", "text": "capitulation, you know, something a lot"}, {"start": "00:04:55", "end": "00:04:58", "text": "of people weren't weren't calling for."}, {"start": "00:04:56", "end": "00:05:00", "text": "And is that kind of"}, {"start": "00:04:58", "end": "00:05:02", "text": ">> right? Yeah. So the one the people the"}, {"start": "00:05:00", "end": "00:05:05", "text": "reason why people don't think it's like"}, {"start": "00:05:02", "end": "00:05:07", "text": "2018 is because in 2018 Bitcoin had a"}, {"start": "00:05:05", "end": "00:05:09", "text": "euphoric rally and we had a rotation"}, {"start": "00:05:07", "end": "00:05:12", "text": "into higher risk assets altcoins right"}, {"start": "00:05:09", "end": "00:05:14", "text": "and we had the famous all season in late"}, {"start": "00:05:12", "end": "00:05:16", "text": "2017 early 2018 that was around the time"}, {"start": "00:05:14", "end": "00:05:17", "text": "that I know you started your channel and"}, {"start": "00:05:16", "end": "00:05:19", "text": "that was when I remember watching you"}, {"start": "00:05:17", "end": "00:05:21", "text": "for the very first time um which was"}, {"start": "00:05:19", "end": "00:05:23", "text": "still like a year and a half before I"}, {"start": "00:05:21", "end": "00:05:26", "text": "started mine but if you look at the"}, {"start": "00:05:23", "end": "00:05:29", "text": "chart here like you you see like if I"}, {"start": "00:05:26", "end": "00:05:32", "text": "were to draw a line at like 120 26 or"}, {"start": "00:05:29", "end": "00:05:35", "text": "12,600."}, {"start": "00:05:32", "end": "00:05:37", "text": "This this little move right here by"}, {"start": "00:05:35", "end": "00:05:41", "text": "Bitcoin is the reason why it feels so"}, {"start": "00:05:37", "end": "00:05:46", "text": "much different than than 2018 because if"}, {"start": "00:05:41", "end": "00:05:48", "text": "Bitcoin had just topped out at a 12,600"}, {"start": "00:05:46", "end": "00:05:52", "text": "back then, look at the similarities."}, {"start": "00:05:48", "end": "00:05:56", "text": "Look at So you had you had a major low"}, {"start": "00:05:52", "end": "00:05:58", "text": "in February and then you had a higher"}, {"start": "00:05:56", "end": "00:06:00", "text": "low. Sorry, let me fix that line. So you"}, {"start": "00:05:58", "end": "00:06:02", "text": "had your first low in February and I'll"}, {"start": "00:06:00", "end": "00:06:06", "text": "draw that line out. So first low here"}, {"start": "00:06:02", "end": "00:06:08", "text": "February 2018 and then we printed a"}, {"start": "00:06:06", "end": "00:06:10", "text": "higher low in late March and early April"}, {"start": "00:06:08", "end": "00:06:13", "text": "and in 2026 it's the same thing, right?"}, {"start": "00:06:10", "end": "00:06:14", "text": "We had a low in February and then we"}, {"start": "00:06:13", "end": "00:06:19", "text": "printed a higher low in late March,"}, {"start": "00:06:14", "end": "00:06:21", "text": "early April. From there, Bitcoin rallied"}, {"start": "00:06:19", "end": "00:06:23", "text": "up to its 200 day moving average. I'm"}, {"start": "00:06:21", "end": "00:06:25", "text": "just switching this over to the daily so"}, {"start": "00:06:23", "end": "00:06:27", "text": "I can pull up the daily moving average."}, {"start": "00:06:25", "end": "00:06:28", "text": "You can see that from that higher low,"}, {"start": "00:06:27", "end": "00:06:31", "text": "Bitcoin rallied up to that 200 day"}, {"start": "00:06:28", "end": "00:06:33", "text": "moving average in May of 2018. And"}, {"start": "00:06:31", "end": "00:06:36", "text": "that's exactly where it rallied up to in"}, {"start": "00:06:33", "end": "00:06:38", "text": "May of 2026, right? And uh that 200 day"}, {"start": "00:06:36", "end": "00:06:42", "text": "moving average. And then where it gets"}, {"start": "00:06:38", "end": "00:06:44", "text": "really eerily similar is that the low"}, {"start": "00:06:42", "end": "00:06:47", "text": "that was formed in June, you see how we"}, {"start": "00:06:44", "end": "00:06:48", "text": "swept the February low in 2018, we swept"}, {"start": "00:06:47", "end": "00:06:53", "text": "it in June."}, {"start": "00:06:48", "end": "00:06:54", "text": ">> Mhm. The low that formed was at 5700"}, {"start": "00:06:53", "end": "00:06:57", "text": "when we swept it. And we swept it in"}, {"start": "00:06:54", "end": "00:06:59", "text": "late June, early July time frame. And"}, {"start": "00:06:57", "end": "00:07:05", "text": "the low that we just formed in late"}, {"start": "00:06:59", "end": "00:07:07", "text": "June, early July of 2026 was 57,000. So"}, {"start": "00:07:05", "end": "00:07:09", "text": "like I keep thinking there's no way it's"}, {"start": "00:07:07", "end": "00:07:10", "text": "going to keep tracking. And I keep it's"}, {"start": "00:07:09", "end": "00:07:12", "text": "one of those things where I like I'll"}, {"start": "00:07:10", "end": "00:07:13", "text": "make these videos and be like, \"All"}, {"start": "00:07:12", "end": "00:07:15", "text": "right, if it's going to play out like"}, {"start": "00:07:13", "end": "00:07:18", "text": "this, it's going to put a low in"}, {"start": "00:07:15", "end": "00:07:20", "text": "February, higher low in March or April,"}, {"start": "00:07:18", "end": "00:07:22", "text": "lower high in May, and then a lower low"}, {"start": "00:07:20", "end": "00:07:23", "text": "in June.\" But it's like I don't"}, {"start": "00:07:22", "end": "00:07:25", "text": "necessarily believe everything that I"}, {"start": "00:07:23", "end": "00:07:26", "text": "say, right? Like I say that this is"}, {"start": "00:07:25", "end": "00:07:29", "text": "what's going to happen, but then it"}, {"start": "00:07:26", "end": "00:07:30", "text": "keeps playing out that way. So I would"}, {"start": "00:07:29", "end": "00:07:33", "text": "say that's been the biggest surprise is"}, {"start": "00:07:30", "end": "00:07:35", "text": "just how similar it is. And one quick"}, {"start": "00:07:33", "end": "00:07:37", "text": "way to visualize just how similar it is"}, {"start": "00:07:35", "end": "00:07:40", "text": "is if you look at the year-to- date ROI"}, {"start": "00:07:37", "end": "00:07:43", "text": "of Bitcoin in 2026 and compare it to"}, {"start": "00:07:40", "end": "00:07:45", "text": "2018, you can see how the lows line up,"}, {"start": "00:07:43", "end": "00:07:47", "text": "right? And even the high the the high in"}, {"start": "00:07:45", "end": "00:07:50", "text": "May, how it lines up. And even the low"}, {"start": "00:07:47", "end": "00:07:52", "text": "that we just had, the daily close"}, {"start": "00:07:50", "end": "00:07:56", "text": "literally lines up with the low we had"}, {"start": "00:07:52", "end": "00:07:58", "text": "in um you know, in 2018. And you can see"}, {"start": "00:07:56", "end": "00:08:00", "text": "that after that low, we had a rally for"}, {"start": "00:07:58", "end": "00:08:02", "text": "a while, for like a week and a half, and"}, {"start": "00:08:00", "end": "00:08:04", "text": "then we had a pullback and then we had a"}, {"start": "00:08:02", "end": "00:08:07", "text": "larger rally that then took Bitcoin back"}, {"start": "00:08:04", "end": "00:08:08", "text": "up to the 200 day moving average. Now,"}, {"start": "00:08:07", "end": "00:08:10", "text": "what's interesting is when Bitcoin went"}, {"start": "00:08:08", "end": "00:08:13", "text": "up to the 200 day moving average in"}, {"start": "00:08:10", "end": "00:08:17", "text": "July, it gave all those gains back in"}, {"start": "00:08:13", "end": "00:08:19", "text": "August, right? And and also in 2022,"}, {"start": "00:08:17", "end": "00:08:20", "text": "we had a rally into July and early"}, {"start": "00:08:19", "end": "00:08:22", "text": "August, and then all those gains were"}, {"start": "00:08:20", "end": "00:08:24", "text": "given back in August and and and"}, {"start": "00:08:22", "end": "00:08:26", "text": "September. So, that's where I think we"}, {"start": "00:08:24", "end": "00:08:29", "text": "are right now. We're like right after"}, {"start": "00:08:26", "end": "00:08:32", "text": "this massive capitulation into June,"}, {"start": "00:08:29", "end": "00:08:35", "text": "July. Usually there's some type of"}, {"start": "00:08:32", "end": "00:08:38", "text": "counter move in in July, but it's it's"}, {"start": "00:08:35", "end": "00:08:40", "text": "relatively short-lived and then it it"}, {"start": "00:08:38", "end": "00:08:41", "text": "then leads to the final low that"}, {"start": "00:08:40", "end": "00:08:43", "text": "normally happens in the fourth quarter"}, {"start": "00:08:41", "end": "00:08:44", "text": "of the year. That doesn't mean you have"}, {"start": "00:08:43", "end": "00:08:47", "text": "to wait until Q4 to start buying"}, {"start": "00:08:44", "end": "00:08:48", "text": "Bitcoin. Normally, if you just DCA"}, {"start": "00:08:47", "end": "00:08:50", "text": "Bitcoin, that's what I do in the second"}, {"start": "00:08:48", "end": "00:08:52", "text": "half of midterm years, it works out"}, {"start": "00:08:50", "end": "00:08:55", "text": "pretty well as long as you can stomach"}, {"start": "00:08:52", "end": "00:08:57", "text": "short-term downside. But I think from an"}, {"start": "00:08:55", "end": "00:08:59", "text": "academic perspective, like I I look at"}, {"start": "00:08:57", "end": "00:09:01", "text": "this and I'm like, you know what, it's"}, {"start": "00:08:59", "end": "00:09:02", "text": "played out like the exact same way it"}, {"start": "00:09:01", "end": "00:09:05", "text": "did back then, just with less"}, {"start": "00:09:02", "end": "00:09:06", "text": "volatility. Perhaps it it might just"}, {"start": "00:09:05", "end": "00:09:08", "text": "continue. And where I think it will"}, {"start": "00:09:06", "end": "00:09:09", "text": "deviate, and I could be wrong about"}, {"start": "00:09:08", "end": "00:09:10", "text": "this."}, {"start": "00:09:09", "end": "00:09:11", "text": ">> You're already like, you're so used to"}, {"start": "00:09:10", "end": "00:09:12", "text": "giving your thoughts on what happens"}, {"start": "00:09:11", "end": "00:09:13", "text": "this year, you're already answering all"}, {"start": "00:09:12", "end": "00:09:15", "text": "the follow-up questions."}, {"start": "00:09:13", "end": "00:09:16", "text": ">> I know, I know, I know. I can read your"}, {"start": "00:09:15", "end": "00:09:18", "text": "mind, right? You're a twin. I'm a twin."}, {"start": "00:09:16", "end": "00:09:21", "text": "you know, we really"}, {"start": "00:09:18", "end": "00:09:23", "text": ">> um what normally happens is or what"}, {"start": "00:09:21", "end": "00:09:25", "text": "happened in 2018 is that the final"}, {"start": "00:09:23", "end": "00:09:30", "text": "capitulation didn't happen until like"}, {"start": "00:09:25", "end": "00:09:32", "text": "November, right? I think this time this"}, {"start": "00:09:30", "end": "00:09:34", "text": "pattern will deviate because I think the"}, {"start": "00:09:32", "end": "00:09:36", "text": "final low will probably occur sooner"}, {"start": "00:09:34", "end": "00:09:40", "text": "than it did in 2018. And the reason I"}, {"start": "00:09:36", "end": "00:09:42", "text": "say that is because in 2018 the low was"}, {"start": "00:09:40", "end": "00:09:44", "text": "December, but the high was also"}, {"start": "00:09:42", "end": "00:09:46", "text": "December. This time the high was"}, {"start": "00:09:44", "end": "00:09:48", "text": "October. And also last cycle the high"}, {"start": "00:09:46", "end": "00:09:52", "text": "was November and the low was November."}, {"start": "00:09:48", "end": "00:09:54", "text": "So as as silly and as stupid as it is,"}, {"start": "00:09:52", "end": "00:09:56", "text": "like what if what if these simple"}, {"start": "00:09:54", "end": "00:09:59", "text": "timebased indicators, that's like the"}, {"start": "00:09:56", "end": "00:10:01", "text": "best we have, you know, and and so I"}, {"start": "00:09:59", "end": "00:10:04", "text": "could see it deviating and putting in a"}, {"start": "00:10:01", "end": "00:10:06", "text": "low, you know, earlier, maybe like late"}, {"start": "00:10:04", "end": "00:10:09", "text": "September, early October"}, {"start": "00:10:06", "end": "00:10:11", "text": "is about when about like if you look at"}, {"start": "00:10:09", "end": "00:10:15", "text": "weekly candles, like how long the bare"}, {"start": "00:10:11", "end": "00:10:17", "text": "markets take. Um, what the last one,"}, {"start": "00:10:15", "end": "00:10:19", "text": "this one over here from the last cycle"}, {"start": "00:10:17", "end": "00:10:21", "text": "took"}, {"start": "00:10:19", "end": "00:10:26", "text": "what was that like 54 weeks and the one"}, {"start": "00:10:21", "end": "00:10:26", "text": "in 2017 took 52 weeks. So, give or take."}, {"start": "00:10:26", "end": "00:10:29", "text": "Like, I'm not going to measure it"}, {"start": "00:10:26", "end": "00:10:33", "text": "exactly, but I mean around a year and"}, {"start": "00:10:29", "end": "00:10:36", "text": "we're currently at 38 or so. So, I mean"}, {"start": "00:10:33", "end": "00:10:39", "text": "like 52 weeks would put you in in"}, {"start": "00:10:36", "end": "00:10:41", "text": "October. Um, you know, if it's 51 it"}, {"start": "00:10:39", "end": "00:10:44", "text": "could be like late September. If it's 54"}, {"start": "00:10:41", "end": "00:10:46", "text": "or 55, it could be late October, early"}, {"start": "00:10:44", "end": "00:10:48", "text": "November, but I think it's around that"}, {"start": "00:10:46", "end": "00:10:51", "text": "time."}, {"start": "00:10:48", "end": "00:10:53", "text": ">> 3month warning, altcoin daily audience."}, {"start": "00:10:51", "end": "00:10:55", "text": "It is now that you show me all this, it"}, {"start": "00:10:53", "end": "00:10:58", "text": "is amazing how closely it has like"}, {"start": "00:10:55", "end": "00:11:00", "text": "followed 2018."}, {"start": "00:10:58", "end": "00:11:03", "text": "And you know, I guess you know, I guess"}, {"start": "00:11:00", "end": "00:11:05", "text": "what I'm wondering next is if true, if"}, {"start": "00:11:03", "end": "00:11:08", "text": "there's one more capitulation left, what"}, {"start": "00:11:05", "end": "00:11:10", "text": "is your price target? and what percent"}, {"start": "00:11:08", "end": "00:11:11", "text": "chance do you think the bottom is"}, {"start": "00:11:10", "end": "00:11:13", "text": "already in?"}, {"start": "00:11:11", "end": "00:11:15", "text": ">> It's a good question. So, what I like to"}, {"start": "00:11:13", "end": "00:11:17", "text": "look at, I like to look at a lot of the"}, {"start": "00:11:15", "end": "00:11:20", "text": "onchain indicators to sort of suggest"}, {"start": "00:11:17", "end": "00:11:21", "text": "like like if the low is actually in and"}, {"start": "00:11:20", "end": "00:11:24", "text": "there's a few like that are I I think"}, {"start": "00:11:21", "end": "00:11:26", "text": "are really good and um and I know a lot"}, {"start": "00:11:24", "end": "00:11:27", "text": "of people kind of criticize some of this"}, {"start": "00:11:26", "end": "00:11:29", "text": "stuff, but I'm just going with like what"}, {"start": "00:11:27", "end": "00:11:32", "text": "the market has done previously, right?"}, {"start": "00:11:29", "end": "00:11:32", "text": "If you look at the MVRV Zcore for"}, {"start": "00:11:32", "end": "00:11:34", "text": "instance,"}, {"start": "00:11:32", "end": "00:11:36", "text": ">> and by the way guys, you can get access"}, {"start": "00:11:34", "end": "00:11:38", "text": "to any of these indicators linked below."}, {"start": "00:11:36", "end": "00:11:40", "text": "Right? So if you look at like the market"}, {"start": "00:11:38", "end": "00:11:42", "text": "value to realized value zcore, the MVRBZ"}, {"start": "00:11:40", "end": "00:11:43", "text": "scorecore, it's the market cap minus the"}, {"start": "00:11:42", "end": "00:11:45", "text": "real realized cap divided by the"}, {"start": "00:11:43", "end": "00:11:48", "text": "standard deviation of the market cap. If"}, {"start": "00:11:45", "end": "00:11:52", "text": "you if you plot that out historically,"}, {"start": "00:11:48", "end": "00:11:54", "text": "the lows occur after the MVZ score"}, {"start": "00:11:52", "end": "00:11:56", "text": "resets below zero, right? And it's not"}, {"start": "00:11:54", "end": "00:11:57", "text": "quite below zero yet. Again, I'm not"}, {"start": "00:11:56", "end": "00:11:59", "text": "suggesting people need to wait for it to"}, {"start": "00:11:57", "end": "00:12:01", "text": "go below zero to buy, but that's"}, {"start": "00:11:59", "end": "00:12:04", "text": "historically what has kind of reset the"}, {"start": "00:12:01", "end": "00:12:06", "text": "market is the MVRV score going back"}, {"start": "00:12:04", "end": "00:12:08", "text": "below zero. Um, another one that"}, {"start": "00:12:06", "end": "00:12:10", "text": "actually already triggered, which is why"}, {"start": "00:12:08", "end": "00:12:13", "text": "now I'm more open-minded to a market"}, {"start": "00:12:10", "end": "00:12:14", "text": "cycle bottom being in um than and like"}, {"start": "00:12:13", "end": "00:12:16", "text": "in the first half of the year I think it"}, {"start": "00:12:14", "end": "00:12:18", "text": "made sense to ignore it. The supply of"}, {"start": "00:12:16", "end": "00:12:19", "text": "Bitcoin and profit and loss has now"}, {"start": "00:12:18", "end": "00:12:21", "text": "crossed, right? And normally you wait"}, {"start": "00:12:19", "end": "00:12:24", "text": "for them to cross before you start"}, {"start": "00:12:21", "end": "00:12:26", "text": "calling market cycle bottoms. the only"}, {"start": "00:12:24", "end": "00:12:29", "text": "one of the ones that you could look at"}, {"start": "00:12:26", "end": "00:12:31", "text": "to I guess try to look at at where a low"}, {"start": "00:12:29", "end": "00:12:33", "text": "could theoretically be and there's sort"}, {"start": "00:12:31", "end": "00:12:35", "text": "of like the um or sorry this is more of"}, {"start": "00:12:33", "end": "00:12:37", "text": "a time based one this is just looking at"}, {"start": "00:12:35", "end": "00:12:39", "text": "the ROI to the low and and you can kind"}, {"start": "00:12:37", "end": "00:12:41", "text": "of see like where we are with respect to"}, {"start": "00:12:39", "end": "00:12:45", "text": "the last two cycles but if you look at"}, {"start": "00:12:41", "end": "00:12:47", "text": "the um the realized price so if you look"}, {"start": "00:12:45", "end": "00:12:51", "text": "at the realized price this green line"}, {"start": "00:12:47", "end": "00:12:52", "text": "historically Bitcoin goes below that in"}, {"start": "00:12:51", "end": "00:12:55", "text": "sometime in the midterm"}, {"start": "00:12:52", "end": "00:12:58", "text": "So in 2014, we first went below it in"}, {"start": "00:12:55", "end": "00:13:02", "text": "October. In 2018, we didn't go below it"}, {"start": "00:12:58", "end": "00:13:04", "text": "until November. So in in last cycle, we"}, {"start": "00:13:02", "end": "00:13:05", "text": "went below it in June. So other people"}, {"start": "00:13:04", "end": "00:13:06", "text": "that'll say, well, it hasn't happened"}, {"start": "00:13:05", "end": "00:13:08", "text": "yet, therefore this time is different."}, {"start": "00:13:06", "end": "00:13:10", "text": "But in two of the past three midterm"}, {"start": "00:13:08", "end": "00:13:13", "text": "years, we didn't even go below it until"}, {"start": "00:13:10", "end": "00:13:16", "text": "October or November. So I think you have"}, {"start": "00:13:13", "end": "00:13:18", "text": "to look at that as a potential outcome"}, {"start": "00:13:16", "end": "00:13:22", "text": "here. And the realized price is at"}, {"start": "00:13:18", "end": "00:13:24", "text": "around 53K. So if you go below 53K,"}, {"start": "00:13:22", "end": "00:13:27", "text": "let's say you go into like the high 40s"}, {"start": "00:13:24", "end": "00:13:28", "text": "or low 50s, then you've at least checked"}, {"start": "00:13:27", "end": "00:13:31", "text": "that box."}, {"start": "00:13:28", "end": "00:13:34", "text": "The worst case scenario, right?"}, {"start": "00:13:31", "end": "00:13:36", "text": ">> The base case is high 40s, low 50s."}, {"start": "00:13:34", "end": "00:13:38", "text": ">> I think that's like a I think that's a"}, {"start": "00:13:36", "end": "00:13:42", "text": "like a reasonable, hey, I don't want to"}, {"start": "00:13:38", "end": "00:13:45", "text": "get too doomerish, you know? And I would"}, {"start": "00:13:42", "end": "00:13:47", "text": "say worstc case scenario for me like so"}, {"start": "00:13:45", "end": "00:13:49", "text": "I would say the floor for the year which"}, {"start": "00:13:47", "end": "00:13:51", "text": "is a dangerous thing to say because any"}, {"start": "00:13:49", "end": "00:13:54", "text": "anytime you say the ceiling or the floor"}, {"start": "00:13:51", "end": "00:13:56", "text": "the market loves to just like prove"}, {"start": "00:13:54", "end": "00:13:59", "text": "those people wrong. But the level at"}, {"start": "00:13:56", "end": "00:14:03", "text": "which I could no longer with a clear"}, {"start": "00:13:59", "end": "00:14:05", "text": "conscience like have a bearish you know"}, {"start": "00:14:03", "end": "00:14:06", "text": "strand of hair would be if you were to"}, {"start": "00:14:05", "end": "00:14:09", "text": "go below the balance price. And the"}, {"start": "00:14:06", "end": "00:14:11", "text": "reason I say that is because all prior"}, {"start": "00:14:09", "end": "00:14:14", "text": "market cycle bottoms for Bitcoin"}, {"start": "00:14:11", "end": "00:14:15", "text": "occurred below the balance price. So if"}, {"start": "00:14:14", "end": "00:14:18", "text": "you look at like the bare market we had"}, {"start": "00:14:15", "end": "00:14:19", "text": "in 2011, uh we went below the balance"}, {"start": "00:14:18", "end": "00:14:22", "text": "price. If you look at the one we had in"}, {"start": "00:14:19", "end": "00:14:24", "text": "2013, 2014 going into early 2015, we"}, {"start": "00:14:22", "end": "00:14:26", "text": "went below the bounce price. Same thing"}, {"start": "00:14:24", "end": "00:14:28", "text": "in 2018, and even in 2020, you can see"}, {"start": "00:14:26", "end": "00:14:31", "text": "how we wicked just below the balance"}, {"start": "00:14:28", "end": "00:14:33", "text": "price before the market cycle bottom was"}, {"start": "00:14:31", "end": "00:14:35", "text": "in. And even in 2022, we went below the"}, {"start": "00:14:33", "end": "00:14:36", "text": "balance price on on one of those"}, {"start": "00:14:35", "end": "00:14:39", "text": "intraday wicks. Like you can see, we"}, {"start": "00:14:36", "end": "00:14:41", "text": "went right down to it. It doesn't look"}, {"start": "00:14:39", "end": "00:14:43", "text": "like we went below it here, but we did"}, {"start": "00:14:41", "end": "00:14:46", "text": "because the balance price was 15.65K and"}, {"start": "00:14:43", "end": "00:14:49", "text": "the wick, as I'm sure you remember, it"}, {"start": "00:14:46", "end": "00:14:52", "text": "took us down to like 15.4K. 15.4 15.5."}, {"start": "00:14:49", "end": "00:14:54", "text": "So, we did take it out. Now, this time"}, {"start": "00:14:52", "end": "00:14:55", "text": "we might not take it out because if you"}, {"start": "00:14:54", "end": "00:14:58", "text": "were to take the price of Bitcoin"}, {"start": "00:14:55", "end": "00:15:00", "text": "divided by that metric, you can see that"}, {"start": "00:14:58", "end": "00:15:03", "text": "each cycle we've kind of recently we've"}, {"start": "00:15:00", "end": "00:15:05", "text": "gone not as far below it. So maybe this"}, {"start": "00:15:03", "end": "00:15:06", "text": "is the cycle where we don't even tag it."}, {"start": "00:15:05", "end": "00:15:09", "text": "But just to give people an idea of where"}, {"start": "00:15:06", "end": "00:15:11", "text": "it is. It's around 40K, right? And it's"}, {"start": "00:15:09", "end": "00:15:14", "text": "like a little bit less than 40K. That"}, {"start": "00:15:11", "end": "00:15:15", "text": "would be kind of the the spot where, you"}, {"start": "00:15:14", "end": "00:15:17", "text": "know, there's no reason to be bearish."}, {"start": "00:15:15", "end": "00:15:18", "text": "That would be the point of like if if it"}, {"start": "00:15:17", "end": "00:15:21", "text": "happens tomorrow, I'm not going to sit"}, {"start": "00:15:18", "end": "00:15:23", "text": "here and and hammer down that it has to"}, {"start": "00:15:21", "end": "00:15:24", "text": "be October or November or September,"}, {"start": "00:15:23", "end": "00:15:26", "text": "right? I would just be like, \"No, forget"}, {"start": "00:15:24", "end": "00:15:28", "text": "about all that stuff. It's time to pivot"}, {"start": "00:15:26", "end": "00:15:30", "text": "and and and just put on your, you know,"}, {"start": "00:15:28", "end": "00:15:32", "text": "your bull your bullish bias and forget"}, {"start": "00:15:30", "end": "00:15:36", "text": "about everything else.\" And what's"}, {"start": "00:15:32", "end": "00:15:40", "text": "really interesting is if you compare,"}, {"start": "00:15:36", "end": "00:15:45", "text": "you know, 2018 to 2026 and let's say"}, {"start": "00:15:40", "end": "00:15:47", "text": "2018 6K was the low. Um, ultimately the"}, {"start": "00:15:45", "end": "00:15:49", "text": "actual low occurred between $3 and"}, {"start": "00:15:47", "end": "00:15:51", "text": "$4,000, right? That's where it actually"}, {"start": "00:15:49", "end": "00:15:53", "text": "occurred. I've also made a lot of"}, {"start": "00:15:51", "end": "00:15:55", "text": "comparisons to 2019. As I've come on"}, {"start": "00:15:53", "end": "00:15:56", "text": "your channel many times, we've talked"}, {"start": "00:15:55", "end": "00:15:58", "text": "about the comparison between this bull"}, {"start": "00:15:56", "end": "00:16:00", "text": "market to 2019. And some of the"}, {"start": "00:15:58", "end": "00:16:02", "text": "comparisons include the fact that in"}, {"start": "00:16:00", "end": "00:16:05", "text": "2019, we had three rate cuts. In 2025,"}, {"start": "00:16:02", "end": "00:16:07", "text": "we had three rate cuts. In 2019, the Fed"}, {"start": "00:16:05", "end": "00:16:09", "text": "ended quantitative tightening in August."}, {"start": "00:16:07", "end": "00:16:13", "text": "Bitcoin topped two months before that in"}, {"start": "00:16:09", "end": "00:16:14", "text": "in June. In 2025, the Fed ended QT in"}, {"start": "00:16:13", "end": "00:16:16", "text": "December. Bitcoin topped two months for"}, {"start": "00:16:14", "end": "00:16:18", "text": "in October. In 2019, there was no"}, {"start": "00:16:16", "end": "00:16:20", "text": "rotation into altcoins and Bitcoin"}, {"start": "00:16:18", "end": "00:16:21", "text": "dominance went up for that entire bull"}, {"start": "00:16:20", "end": "00:16:22", "text": "market. Same thing that we just saw,"}, {"start": "00:16:21", "end": "00:16:26", "text": "right? No rotation of altcoins and"}, {"start": "00:16:22", "end": "00:16:28", "text": "Bitcoin dominance was going up. So, if"}, {"start": "00:16:26", "end": "00:16:30", "text": "you want to make the 2019 comparison,"}, {"start": "00:16:28", "end": "00:16:32", "text": "well, we were also holding support at"}, {"start": "00:16:30", "end": "00:16:33", "text": "around 6K and then coincidentally the"}, {"start": "00:16:32", "end": "00:16:35", "text": "low ended up being between three and"}, {"start": "00:16:33", "end": "00:16:38", "text": "four. So, I I would say that like that"}, {"start": "00:16:35", "end": "00:16:40", "text": "would be worstc case scenario for the"}, {"start": "00:16:38", "end": "00:16:42", "text": "year. At which point, like if you had me"}, {"start": "00:16:40", "end": "00:16:43", "text": "back on the channel and we're at those"}, {"start": "00:16:42", "end": "00:16:44", "text": "prices, I couldn't I couldn't sit here"}, {"start": "00:16:43", "end": "00:16:46", "text": "anymore and be like, \"Well, look at this"}, {"start": "00:16:44", "end": "00:16:48", "text": "indicator or that indicator and be like,"}, {"start": "00:16:46", "end": "00:16:50", "text": "\"No, like everything's fully reset.\" If"}, {"start": "00:16:48", "end": "00:16:51", "text": "we're going to go lower than that, then"}, {"start": "00:16:50", "end": "00:16:53", "text": "we're basically breaking every indicator"}, {"start": "00:16:51", "end": "00:16:56", "text": "we have at that point. Um,"}, {"start": "00:16:53", "end": "00:16:59", "text": ">> and you said less than 40K."}, {"start": "00:16:56", "end": "00:17:01", "text": ">> That would be what would fully reset"}, {"start": "00:16:59", "end": "00:17:03", "text": "every onchain indicator. like every"}, {"start": "00:17:01", "end": "00:17:06", "text": "onchain indicator like so we I actually"}, {"start": "00:17:03", "end": "00:17:08", "text": "take a lot of the onchain indicators and"}, {"start": "00:17:06", "end": "00:17:10", "text": "I have this like onchain risk metric for"}, {"start": "00:17:08", "end": "00:17:12", "text": "them and it includes a lot of the main"}, {"start": "00:17:10", "end": "00:17:13", "text": "ones that you know a lot of people I'm"}, {"start": "00:17:12", "end": "00:17:16", "text": "sure have have heard of like I mean it"}, {"start": "00:17:13", "end": "00:17:19", "text": "includes the MVRBZ score uh the PE"}, {"start": "00:17:16", "end": "00:17:20", "text": "multiple transaction fees price minor"}, {"start": "00:17:19", "end": "00:17:22", "text": "cap to thermal cap ratio market cap to"}, {"start": "00:17:20", "end": "00:17:25", "text": "thermal cap ratio you can even add in"}, {"start": "00:17:22", "end": "00:17:26", "text": "here uh the R huddle ratio and the"}, {"start": "00:17:25", "end": "00:17:28", "text": "supply and profit and loss that we"}, {"start": "00:17:26", "end": "00:17:30", "text": "talked about as well and you can see"}, {"start": "00:17:28", "end": "00:17:32", "text": "that normally the lows"}, {"start": "00:17:30", "end": "00:17:35", "text": "um near the end of midterm years occur"}, {"start": "00:17:32", "end": "00:17:36", "text": "after this metric goes below about 0.1"}, {"start": "00:17:35", "end": "00:17:38", "text": "risk"}, {"start": "00:17:36", "end": "00:17:40", "text": "and we're getting there like we're you"}, {"start": "00:17:38", "end": "00:17:43", "text": "can see that if we were to have one more"}, {"start": "00:17:40", "end": "00:17:45", "text": "counter trend rally into say like late"}, {"start": "00:17:43", "end": "00:17:47", "text": "July early August and if we were to get"}, {"start": "00:17:45", "end": "00:17:49", "text": "one final drop you could argue that that"}, {"start": "00:17:47", "end": "00:17:52", "text": "would basically fully reset everything."}, {"start": "00:17:49", "end": "00:17:55", "text": "Um, so again, I I don't know exactly. I"}, {"start": "00:17:52", "end": "00:17:58", "text": "I do think that, you know, anything"}, {"start": "00:17:55", "end": "00:18:01", "text": "below 60K long-term is probably going to"}, {"start": "00:17:58", "end": "00:18:03", "text": "be looked at as a as a good deal. But in"}, {"start": "00:18:01", "end": "00:18:05", "text": "the short term, it's hard to know,"}, {"start": "00:18:03", "end": "00:18:08", "text": "right? Like, I mean, if you bought"}, {"start": "00:18:05", "end": "00:18:11", "text": "Bitcoin at 20K in 2022,"}, {"start": "00:18:08", "end": "00:18:13", "text": "you probably felt really dumb later that"}, {"start": "00:18:11", "end": "00:18:15", "text": "year when it was trading for 15K. I know"}, {"start": "00:18:13", "end": "00:18:17", "text": "I know now it doesn't really feel like a"}, {"start": "00:18:15", "end": "00:18:19", "text": "big deal, but back then it was for a lot"}, {"start": "00:18:17", "end": "00:18:20", "text": "of people. Same thing in 2018. I mean,"}, {"start": "00:18:19", "end": "00:18:23", "text": "I'm sure you were probably buying"}, {"start": "00:18:20", "end": "00:18:25", "text": "Bitcoin in 2018 at 6K and I was I was"}, {"start": "00:18:23", "end": "00:18:28", "text": "also buying altcoins back then, believe"}, {"start": "00:18:25", "end": "00:18:30", "text": "it or not. Um, and then when the market"}, {"start": "00:18:28", "end": "00:18:32", "text": "went down here, I felt like a you"}, {"start": "00:18:30", "end": "00:18:34", "text": "know. Um, but then, you know, the"}, {"start": "00:18:32", "end": "00:18:36", "text": "market, you can see that it didn't"}, {"start": "00:18:34", "end": "00:18:39", "text": "really matter. So, this is one of those"}, {"start": "00:18:36", "end": "00:18:41", "text": "things where like being right and making"}, {"start": "00:18:39", "end": "00:18:43", "text": "money are two very different things."}, {"start": "00:18:41", "end": "00:18:45", "text": "Okay? There there's probably going to be"}, {"start": "00:18:43", "end": "00:18:46", "text": "some people that choose not to buy"}, {"start": "00:18:45", "end": "00:18:49", "text": "Bitcoin at all until they think the"}, {"start": "00:18:46", "end": "00:18:50", "text": "bottom is in, but they'll just make the"}, {"start": "00:18:49", "end": "00:18:52", "text": "same mistake that everyone's made in the"}, {"start": "00:18:50", "end": "00:18:53", "text": "past, and that's they they're right"}, {"start": "00:18:52", "end": "00:18:55", "text": "about the bare market, but then they"}, {"start": "00:18:53", "end": "00:18:57", "text": "never actually flip bullish, you know?"}, {"start": "00:18:55", "end": "00:18:59", "text": "So, okay, congratulations on being"}, {"start": "00:18:57", "end": "00:19:00", "text": "right, but did you actually make any"}, {"start": "00:18:59", "end": "00:19:02", "text": "money? And I think that's the biggest"}, {"start": "00:19:00", "end": "00:19:05", "text": "lesson that a lot of people um and I"}, {"start": "00:19:02", "end": "00:19:08", "text": "including myself have learned throughout"}, {"start": "00:19:05", "end": "00:19:09", "text": "these last several cycles. And so that's"}, {"start": "00:19:08", "end": "00:19:11", "text": "the only thing I would say is you know"}, {"start": "00:19:09", "end": "00:19:15", "text": "what you don't have to time the bottom"}, {"start": "00:19:11", "end": "00:19:17", "text": "exactly. You can just DCA on some"}, {"start": "00:19:15", "end": "00:19:20", "text": "cadence that you think makes sense for"}, {"start": "00:19:17", "end": "00:19:22", "text": "you and then go live your life, go watch"}, {"start": "00:19:20", "end": "00:19:24", "text": "the World Cup, go do something else and"}, {"start": "00:19:22", "end": "00:19:26", "text": "then come back later and hopefully the"}, {"start": "00:19:24", "end": "00:19:27", "text": "four-year cycle remains intact because I"}, {"start": "00:19:26", "end": "00:19:29", "text": "think the biggest critics of the"}, {"start": "00:19:27", "end": "00:19:31", "text": "four-year cycle will likely turn into"}, {"start": "00:19:29", "end": "00:19:33", "text": "the biggest cheerleaders of it in in"}, {"start": "00:19:31", "end": "00:19:36", "text": "just a few months."}, {"start": "00:19:33", "end": "00:19:39", "text": "And did did we get uh your number on"}, {"start": "00:19:36", "end": "00:19:41", "text": "percent chance the bottom might be in?"}, {"start": "00:19:39", "end": "00:19:43", "text": ">> It's a good question. I I think it's"}, {"start": "00:19:41", "end": "00:19:46", "text": "it's probably higher than I give it"}, {"start": "00:19:43", "end": "00:19:48", "text": "credit for. Um I I would say that the"}, {"start": "00:19:46", "end": "00:19:50", "text": "the percent I want to say slightly less"}, {"start": "00:19:48", "end": "00:19:51", "text": "than 50 just cuz I think some of there"}, {"start": "00:19:50", "end": "00:19:53", "text": "are some more onchain indicators and we"}, {"start": "00:19:51", "end": "00:19:55", "text": "normally get that final drop at the end"}, {"start": "00:19:53", "end": "00:19:59", "text": "of the year. So I'd probably say like 40"}, {"start": "00:19:55", "end": "00:20:01", "text": "to 45% chance uh that it's in. And and"}, {"start": "00:19:59", "end": "00:20:02", "text": "if I had to make the case for it, like"}, {"start": "00:20:01", "end": "00:20:04", "text": "if you if you force me to say, Ben,"}, {"start": "00:20:02", "end": "00:20:07", "text": "well, be play devil's advocate here and"}, {"start": "00:20:04", "end": "00:20:08", "text": "try to poke a hole in it, you know, I"}, {"start": "00:20:07", "end": "00:20:12", "text": "would basically say, well, if this truly"}, {"start": "00:20:08", "end": "00:20:16", "text": "is like 2019, we did find support at"}, {"start": "00:20:12", "end": "00:20:18", "text": "around 6K before getting this big rally"}, {"start": "00:20:16", "end": "00:20:20", "text": "up. So, is there a chance that what"}, {"start": "00:20:18", "end": "00:20:24", "text": "we're seeing right now? Like, is there a"}, {"start": "00:20:20", "end": "00:20:26", "text": "chance that like this little box here is"}, {"start": "00:20:24", "end": "00:20:29", "text": "the same thing as this one"}, {"start": "00:20:26", "end": "00:20:31", "text": "where we get a big rally out of it, but"}, {"start": "00:20:29", "end": "00:20:34", "text": "instead of having a massive recession"}, {"start": "00:20:31", "end": "00:20:35", "text": "right away that's induced by a pandemic,"}, {"start": "00:20:34", "end": "00:20:37", "text": "what if the recession's delayed until"}, {"start": "00:20:35", "end": "00:20:39", "text": "say like 2028 or, you know, or just if"}, {"start": "00:20:37", "end": "00:20:41", "text": "it's it's if it's far off in the future."}, {"start": "00:20:39", "end": "00:20:45", "text": "So, I guess that would be the way in"}, {"start": "00:20:41", "end": "00:20:47", "text": "which this view could be wrong. But the"}, {"start": "00:20:45", "end": "00:20:51", "text": "reason why I don't put too much weight"}, {"start": "00:20:47", "end": "00:20:53", "text": "on that view is I like to believe that"}, {"start": "00:20:51", "end": "00:20:56", "text": "that narrative follows price, not the"}, {"start": "00:20:53", "end": "00:21:00", "text": "other way around. And in both cases,"}, {"start": "00:20:56", "end": "00:21:01", "text": "whether you look at 2018 or 2019, we"}, {"start": "00:21:00", "end": "00:21:05", "text": "still ended up getting the final drop"}, {"start": "00:21:01", "end": "00:21:07", "text": "below that $6,000 level, which is why I"}, {"start": "00:21:05", "end": "00:21:10", "text": "think eventually we likely will have"}, {"start": "00:21:07", "end": "00:21:12", "text": "that final drop below the 60K level. And"}, {"start": "00:21:10", "end": "00:21:14", "text": "I think what's happening is we're"}, {"start": "00:21:12", "end": "00:21:16", "text": "essentially getting squeezed between,"}, {"start": "00:21:14", "end": "00:21:17", "text": "you know, the the bare market resistance"}, {"start": "00:21:16", "end": "00:21:20", "text": "band, just the 21week EMA, the 20week"}, {"start": "00:21:17", "end": "00:21:22", "text": "SMA, and that 200WE moving average. So"}, {"start": "00:21:20", "end": "00:21:24", "text": "you could see it do something like this"}, {"start": "00:21:22", "end": "00:21:25", "text": "where it comes back up, maybe gets a"}, {"start": "00:21:24", "end": "00:21:26", "text": "brief correction in in sort of the"}, {"start": "00:21:25", "end": "00:21:28", "text": "second week of July. That's what"}, {"start": "00:21:26", "end": "00:21:29", "text": "happened in 2018. Perhaps you go back up"}, {"start": "00:21:28", "end": "00:21:32", "text": "to the bare market resistance band by"}, {"start": "00:21:29", "end": "00:21:34", "text": "like late July, early August. you come"}, {"start": "00:21:32", "end": "00:21:37", "text": "back down, they get squeezed together,"}, {"start": "00:21:34", "end": "00:21:39", "text": "you get your final drop,"}, {"start": "00:21:37", "end": "00:21:41", "text": "everyone freaks out, you know, and and"}, {"start": "00:21:39", "end": "00:21:44", "text": "then we set the market cycle bottom and"}, {"start": "00:21:41", "end": "00:21:46", "text": "then we go back up. And by the way, if"}, {"start": "00:21:44", "end": "00:21:49", "text": "you need a narrative, one of the reasons"}, {"start": "00:21:46", "end": "00:21:51", "text": "historically why Bitcoin goes back down"}, {"start": "00:21:49", "end": "00:21:53", "text": "near the end of midterm years is it it"}, {"start": "00:21:51", "end": "00:21:55", "text": "usually corresponds with a correction in"}, {"start": "00:21:53", "end": "00:21:57", "text": "the stock market at the end of midterm"}, {"start": "00:21:55", "end": "00:21:59", "text": "years. So, just I know this is not the"}, {"start": "00:21:57", "end": "00:22:02", "text": "topic of the video, but it is it's all"}, {"start": "00:21:59", "end": "00:22:03", "text": "related. If you look at 2018, there is a"}, {"start": "00:22:02", "end": "00:22:05", "text": "correction in stocks at the beginning of"}, {"start": "00:22:03", "end": "00:22:07", "text": "the year and then a correction in stocks"}, {"start": "00:22:05", "end": "00:22:08", "text": "at the end of the year. 2022, the same"}, {"start": "00:22:07", "end": "00:22:09", "text": "thing. You had your initial correction"}, {"start": "00:22:08", "end": "00:22:11", "text": "here and then you had another correction"}, {"start": "00:22:09", "end": "00:22:14", "text": "at the end of the year. And even in"}, {"start": "00:22:11", "end": "00:22:15", "text": "2014, you had a small correction at the"}, {"start": "00:22:14", "end": "00:22:17", "text": "beginning of the year and then a larger"}, {"start": "00:22:15", "end": "00:22:20", "text": "drop near the end of the year in terms"}, {"start": "00:22:17", "end": "00:22:24", "text": "of in terms of percent. So, usually it's"}, {"start": "00:22:20", "end": "00:22:26", "text": "a 10 to 20% drop in stocks that starts"}, {"start": "00:22:24", "end": "00:22:29", "text": "in either August or September of midterm"}, {"start": "00:22:26", "end": "00:22:31", "text": "years and then that within that within"}, {"start": "00:22:29", "end": "00:22:33", "text": "that drop that's where Bitcoin puts in"}, {"start": "00:22:31", "end": "00:22:35", "text": "the market cycle bottom. I don't think"}, {"start": "00:22:33", "end": "00:22:37", "text": "you know sailor selling or anything that"}, {"start": "00:22:35", "end": "00:22:40", "text": "I mean that stuff just simply it's a"}, {"start": "00:22:37", "end": "00:22:41", "text": "narrative that's going to scare people."}, {"start": "00:22:40", "end": "00:22:43", "text": "I think if you just look at at what the"}, {"start": "00:22:41", "end": "00:22:46", "text": "charts say that look, there's a chance"}, {"start": "00:22:43", "end": "00:22:48", "text": "we get one more drop on the back of a"}, {"start": "00:22:46", "end": "00:22:50", "text": "drop in stocks and then that will allow"}, {"start": "00:22:48", "end": "00:22:52", "text": "Bitcoin to form the market cycle bottom."}, {"start": "00:22:50", "end": "00:22:54", "text": "And if you do need a narrative, think"}, {"start": "00:22:52", "end": "00:22:56", "text": "about rate hikes right now. Like people"}, {"start": "00:22:54", "end": "00:22:58", "text": "are are are pricing in rate hikes for"}, {"start": "00:22:56", "end": "00:23:01", "text": "later this year. If you do get a rate"}, {"start": "00:22:58", "end": "00:23:04", "text": "hike or just the scare of one, the stock"}, {"start": "00:23:01", "end": "00:23:07", "text": "market dropping 10 to 20% would probably"}, {"start": "00:23:04", "end": "00:23:08", "text": "be enough to completely pivot what the"}, {"start": "00:23:07", "end": "00:23:10", "text": "market's expectations are of monetary"}, {"start": "00:23:08", "end": "00:23:12", "text": "policy. And that would probably be a"}, {"start": "00:23:10", "end": "00:23:14", "text": "bullish thing for Bitcoin. One of the"}, {"start": "00:23:12", "end": "00:23:16", "text": "reasons you could argue that crypto has"}, {"start": "00:23:14", "end": "00:23:18", "text": "been so weak is because, you know, there"}, {"start": "00:23:16", "end": "00:23:19", "text": "just hasn't been a great reason for rate"}, {"start": "00:23:18", "end": "00:23:21", "text": "cuts because the stock market keeps"}, {"start": "00:23:19", "end": "00:23:23", "text": "going to new all-time highs."}, {"start": "00:23:21", "end": "00:23:25", "text": ">> Mhm. Yeah, definitely. I could see that"}, {"start": "00:23:23", "end": "00:23:28", "text": "big market drop, then rate cuts, then"}, {"start": "00:23:25", "end": "00:23:33", "text": "bull. Ben, you're starting a crypto"}, {"start": "00:23:28", "end": "00:23:36", "text": "conference. It's in Miami November 21st."}, {"start": "00:23:33", "end": "00:23:38", "text": "Investing through the cycles. Um, tell"}, {"start": "00:23:36", "end": "00:23:40", "text": "us about that. Um, 10% off tickets"}, {"start": "00:23:38", "end": "00:23:42", "text": "below. Prices increase closer to the"}, {"start": "00:23:40", "end": "00:23:43", "text": "event. So, get your tickets now. But"}, {"start": "00:23:42", "end": "00:23:45", "text": "tell us the impetus for why you want to"}, {"start": "00:23:43", "end": "00:23:46", "text": "start a crypto conference and what"}, {"start": "00:23:45", "end": "00:23:47", "text": "people can expect."}, {"start": "00:23:46", "end": "00:23:48", "text": ">> Well, it's I would say it's more than"}, {"start": "00:23:47", "end": "00:23:50", "text": "just a crypto conference. It's basically"}, {"start": "00:23:48", "end": "00:23:52", "text": "like, you know, there's always a bull"}, {"start": "00:23:50", "end": "00:23:54", "text": "market somewhere and and you know,"}, {"start": "00:23:52", "end": "00:23:55", "text": "midterm years suck for crypto. Like,"}, {"start": "00:23:54", "end": "00:23:56", "text": "you've been through them. I've been"}, {"start": "00:23:55", "end": "00:23:58", "text": "through them. we both know that they"}, {"start": "00:23:56", "end": "00:24:00", "text": "just they've never been good and no"}, {"start": "00:23:58", "end": "00:24:03", "text": "amount of mental gymnastics has changed"}, {"start": "00:24:00", "end": "00:24:05", "text": "that um despite us despite everyone"}, {"start": "00:24:03", "end": "00:24:08", "text": "wanting it to be different. And so the"}, {"start": "00:24:05", "end": "00:24:09", "text": "argument is like look every every"}, {"start": "00:24:08", "end": "00:24:11", "text": "investor is going to experience bare"}, {"start": "00:24:09", "end": "00:24:12", "text": "markets, right? And that's okay. Like"}, {"start": "00:24:11", "end": "00:24:14", "text": "that's where all the money's made"}, {"start": "00:24:12", "end": "00:24:16", "text": "anyways is in the bare market, the"}, {"start": "00:24:14", "end": "00:24:18", "text": "people that stick around. And so the"}, {"start": "00:24:16", "end": "00:24:19", "text": "argument is let's just try to get a"}, {"start": "00:24:18", "end": "00:24:21", "text": "conference together where we just talk"}, {"start": "00:24:19", "end": "00:24:23", "text": "about investing through these different"}, {"start": "00:24:21", "end": "00:24:25", "text": "cycles. what are the, you know, what are"}, {"start": "00:24:23", "end": "00:24:28", "text": "the things to be looking at at any given"}, {"start": "00:24:25", "end": "00:24:30", "text": "time and and kind of just respecting the"}, {"start": "00:24:28", "end": "00:24:31", "text": "cycles for what they are and not not"}, {"start": "00:24:30", "end": "00:24:33", "text": "trying to make them into something"}, {"start": "00:24:31", "end": "00:24:35", "text": "they're not. Not pretending that it has"}, {"start": "00:24:33", "end": "00:24:37", "text": "to play out a different way because of"}, {"start": "00:24:35", "end": "00:24:39", "text": "some prevailing narrative at the time,"}, {"start": "00:24:37", "end": "00:24:41", "text": "but to just respect it and to focus on"}, {"start": "00:24:39", "end": "00:24:44", "text": "it from more data driven perspective."}, {"start": "00:24:41", "end": "00:24:46", "text": "So, the goal of the conference is to be"}, {"start": "00:24:44", "end": "00:24:49", "text": "a lot less hype, which maybe is somewhat"}, {"start": "00:24:46", "end": "00:24:50", "text": "antithetical to to conferences in"}, {"start": "00:24:49", "end": "00:24:51", "text": "general because I know like a lot of"}, {"start": "00:24:50", "end": "00:24:53", "text": "conferences are really about hype and"}, {"start": "00:24:51", "end": "00:24:55", "text": "getting people excited, but the point is"}, {"start": "00:24:53", "end": "00:24:58", "text": "to just meet, you know, people that"}, {"start": "00:24:55", "end": "00:24:59", "text": "really value that stuff. Not people that"}, {"start": "00:24:58", "end": "00:25:02", "text": "are always right because no one's always"}, {"start": "00:24:59", "end": "00:25:06", "text": "right, right? But to just find views"}, {"start": "00:25:02", "end": "00:25:07", "text": "that can be backed by something. Um, and"}, {"start": "00:25:06", "end": "00:25:09", "text": "then hopefully people can listen to a"}, {"start": "00:25:07", "end": "00:25:10", "text": "lot of different views, not just my own,"}, {"start": "00:25:09", "end": "00:25:12", "text": "but a lot of different views that"}, {"start": "00:25:10", "end": "00:25:14", "text": "probably would disagree with some of my"}, {"start": "00:25:12", "end": "00:25:16", "text": "views and then form their own thesis on"}, {"start": "00:25:14", "end": "00:25:18", "text": "how they want to, you know, invest"}, {"start": "00:25:16", "end": "00:25:20", "text": "through the different cycles. So, that's"}, {"start": "00:25:18", "end": "00:25:22", "text": "the goal and um, this will be the first"}, {"start": "00:25:20", "end": "00:25:24", "text": "one. So, we'll we'll see how it goes."}, {"start": "00:25:22", "end": "00:25:26", "text": "I'm I'm pretty optimistic about it, but"}, {"start": "00:25:24", "end": "00:25:27", "text": "it's a it's a pretty big undertaking."}, {"start": "00:25:26", "end": "00:25:29", "text": "I've I've come to find out very quickly"}, {"start": "00:25:27", "end": "00:25:31", "text": "that throwing a conference. So,"}, {"start": "00:25:29", "end": "00:25:33", "text": "hopefully it goes well. I I know it's"}, {"start": "00:25:31", "end": "00:25:34", "text": "going to go well and I see a lot of"}, {"start": "00:25:33", "end": "00:25:36", "text": "people um saying that they're going and"}, {"start": "00:25:34", "end": "00:25:38", "text": "getting tickets and and new speakers at"}, {"start": "00:25:36", "end": "00:25:39", "text": "it every day. But yeah, I was surprised"}, {"start": "00:25:38", "end": "00:25:41", "text": "when you uh said that, you know, you"}, {"start": "00:25:39", "end": "00:25:43", "text": "wanted to take on the responsibility of"}, {"start": "00:25:41", "end": "00:25:46", "text": "starting a conference. But, you know,"}, {"start": "00:25:43", "end": "00:25:48", "text": "really cool. I'm bullish on it. Um Ben,"}, {"start": "00:25:46", "end": "00:25:50", "text": "let's say a quick goodbye and then I"}, {"start": "00:25:48", "end": "00:25:50", "text": "want to still take a few minutes of your"}, {"start": "00:25:50", "end": "00:25:52", "text": "time because we're going to do something"}, {"start": "00:25:50", "end": "00:25:54", "text": "for the Altcoin Daily channel members."}, {"start": "00:25:52", "end": "00:25:56", "text": "One final question. Biggest piece of"}, {"start": "00:25:54", "end": "00:25:58", "text": "advice for investing and trading and"}, {"start": "00:25:56", "end": "00:25:59", "text": "making money going into 2027. But before"}, {"start": "00:25:58", "end": "00:26:01", "text": "that, Ben, final thoughts for the"}, {"start": "00:25:59", "end": "00:26:03", "text": "Altcoin Daily audience."}, {"start": "00:26:01", "end": "00:26:05", "text": ">> Yeah, I would just say have a plan and"}, {"start": "00:26:03", "end": "00:26:06", "text": "stick to it and ignore all the noise"}, {"start": "00:26:05", "end": "00:26:07", "text": "because and I think I say something"}, {"start": "00:26:06", "end": "00:26:10", "text": "similar to that every time I come on"}, {"start": "00:26:07", "end": "00:26:12", "text": "your channel, but um it's true, right?"}, {"start": "00:26:10", "end": "00:26:13", "text": "And and like if you think about the"}, {"start": "00:26:12", "end": "00:26:17", "text": "narratives earlier this year, what were"}, {"start": "00:26:13", "end": "00:26:19", "text": "they like Jane Street and and what Yeah."}, {"start": "00:26:17", "end": "00:26:21", "text": "I mean, all this other stuff and the the"}, {"start": "00:26:19", "end": "00:26:23", "text": "ISM, the money supply, like none of that"}, {"start": "00:26:21", "end": "00:26:24", "text": "mattered. None of it mattered."}, {"start": "00:26:23", "end": "00:26:26", "text": ">> That's a good point."}, {"start": "00:26:24", "end": "00:26:29", "text": ">> Just Yeah. And I and I try to tell"}, {"start": "00:26:26", "end": "00:26:30", "text": "people back like this doesn't matter. Um"}, {"start": "00:26:29", "end": "00:26:32", "text": "and and what I would argue is that"}, {"start": "00:26:30", "end": "00:26:34", "text": "there's a good chance that a lot of the"}, {"start": "00:26:32", "end": "00:26:36", "text": "bearish narratives next year aren't"}, {"start": "00:26:34", "end": "00:26:39", "text": "going to matter because the market will"}, {"start": "00:26:36", "end": "00:26:41", "text": "then be bullish again. So have a plan,"}, {"start": "00:26:39", "end": "00:26:42", "text": "stick to it, stick to the data, ignore"}, {"start": "00:26:41", "end": "00:26:45", "text": "everything else, and you're probably"}, {"start": "00:26:42", "end": "00:26:47", "text": "going to outform most people. Love it."}, {"start": "00:26:45", "end": "00:26:50", "text": "And for our members, we're switching"}, {"start": "00:26:47", "end": "00:26:52", "text": "over to members right now. The final"}, {"start": "00:26:50", "end": "00:26:53", "text": "question, Ben, this is for, you know,"}, {"start": "00:26:52", "end": "00:26:55", "text": "people who've been through multiple"}, {"start": "00:26:53", "end": "00:26:57", "text": "cycles, so feel free to really give"}, {"start": "00:26:55", "end": "00:26:59", "text": "people the inside baseball or, you know,"}, {"start": "00:26:57", "end": "00:27:00", "text": "just specifically"}, {"start": "00:26:59", "end": "00:27:02", "text": ">> understanding that we're transitioning"}, {"start": "00:27:00", "end": "00:27:04", "text": "out of the bare market hopefully into"}, {"start": "00:27:02", "end": "00:27:07", "text": "the new bull market of 2027."}, {"start": "00:27:04", "end": "00:27:09", "text": ">> Biggest piece of advice for investing"}, {"start": "00:27:07", "end": "00:27:11", "text": "and trading in crypto going in to this"}, {"start": "00:27:09", "end": "00:27:13", "text": "next year. And then what's a good"}, {"start": "00:27:11", "end": "00:27:13", "text": "strategy?"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "When an $867"}, {"start": "00:00:02", "end": "00:00:05", "text": "billion wealth manager puts out a"}, {"start": "00:00:04", "end": "00:00:07", "text": "Bitcoin research note, you should"}, {"start": "00:00:05", "end": "00:00:09", "text": "probably read it before dismissing the"}, {"start": "00:00:07", "end": "00:00:10", "text": "current dip as a disaster. Bernstein"}, {"start": "00:00:09", "end": "00:00:12", "text": "just pointed out something the panic"}, {"start": "00:00:10", "end": "00:00:14", "text": "sellers are missing. Bitcoin's current"}, {"start": "00:00:12", "end": "00:00:17", "text": "drawdown from its $126,000 peak is"}, {"start": "00:00:14", "end": "00:00:20", "text": "approximately 54%. That previous cycle"}, {"start": "00:00:17", "end": "00:00:21", "text": "saw downtrends of 75 to 90%. By"}, {"start": "00:00:20", "end": "00:00:24", "text": "historical [music]"}, {"start": "00:00:21", "end": "00:00:25", "text": "standards, it's a relatively mild"}, {"start": "00:00:24", "end": "00:00:27", "text": "correction. They also noted that"}, {"start": "00:00:25", "end": "00:00:30", "text": "strategies purchased about 175,000"}, {"start": "00:00:27", "end": "00:00:31", "text": "Bitcoin for $14 billion in 2026 alone."}, {"start": "00:00:30", "end": "00:00:33", "text": "They didn't mention this, but I'll"}, {"start": "00:00:31", "end": "00:00:35", "text": "mention it. Whales bought 270,000"}, {"start": "00:00:33", "end": "00:00:36", "text": "Bitcoin in the month of June. [music]"}, {"start": "00:00:35", "end": "00:00:38", "text": "That signals everyone's continuing to"}, {"start": "00:00:36", "end": "00:00:40", "text": "buy as US miners have turned into"}, {"start": "00:00:38", "end": "00:00:41", "text": "sellers. Now, that is not a company that"}, {"start": "00:00:40", "end": "00:00:43", "text": "thinks the cycle is over. Bernstein"}, {"start": "00:00:41", "end": "00:00:45", "text": "retains their $150,000 [music]"}, {"start": "00:00:43", "end": "00:00:46", "text": "year-end target. They call it ambitious"}, {"start": "00:00:45", "end": "00:00:48", "text": "after the drop, and it does feel damn"}, {"start": "00:00:46", "end": "00:00:49", "text": "ambitious, to be honest, [music] but"}, {"start": "00:00:48", "end": "00:00:51", "text": "they didn't remove it. When the largest"}, {"start": "00:00:49", "end": "00:00:52", "text": "institutional research desk maintains"}, {"start": "00:00:51", "end": "00:00:54", "text": "price targets through drawdowns with the"}, {"start": "00:00:52", "end": "00:00:55", "text": "biggest corporate Bitcoin buyer and the"}, {"start": "00:00:54", "end": "00:00:57", "text": "biggest whales keep adding, [music]"}, {"start": "00:00:55", "end": "00:00:59", "text": "that's information worth having. The"}, {"start": "00:00:57", "end": "00:01:01", "text": "panic is retail. The accumulation is"}, {"start": "00:00:59", "end": "00:01:03", "text": "institutional. Follow me for daily"}, {"start": "00:01:01", "end": "00:01:03", "text": "updates."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Tom Lee, Mr. Thick Glasses himself, was"}, {"start": "00:00:02", "end": "00:00:06", "text": "sitting on nearly $10 billion in"}, {"start": "00:00:04", "end": "00:00:08", "text": "unrealized losses on his Ethereum bet."}, {"start": "00:00:06", "end": "00:00:10", "text": "Not a typo, $10 billion of paper losses"}, {"start": "00:00:08", "end": "00:00:12", "text": "on a single position. Ouch. Now,"}, {"start": "00:00:10", "end": "00:00:14", "text": "technically, it's closer to $9 billion"}, {"start": "00:00:12", "end": "00:00:16", "text": "at the time of recording, but you know,"}, {"start": "00:00:14", "end": "00:00:19", "text": "we round up. It's close enough. That's"}, {"start": "00:00:16", "end": "00:00:21", "text": "the kind of number that ends careers,"}, {"start": "00:00:19", "end": "00:00:23", "text": "triggers redemptions and panic,"}, {"start": "00:00:21", "end": "00:00:25", "text": "generates congressional hearings when it"}, {"start": "00:00:23", "end": "00:00:28", "text": "happens to a lesser-known fund manager."}, {"start": "00:00:25", "end": "00:00:30", "text": "Tom Lee, though, last week bought"}, {"start": "00:00:28", "end": "00:00:31", "text": "another 20,000"}, {"start": "00:00:30", "end": "00:00:34", "text": "Ethereum."}, {"start": "00:00:31", "end": "00:00:37", "text": "No press release, no explanation, \"I'll"}, {"start": "00:00:34", "end": "00:00:39", "text": "do it to fit my thesis here, guys.\" No."}, {"start": "00:00:37", "end": "00:00:41", "text": "Just another quiet purchase with every"}, {"start": "00:00:39", "end": "00:00:44", "text": "crypto comment section in the damn"}, {"start": "00:00:41", "end": "00:00:46", "text": "world, \"Tom Lee's delusional. Tom Lee's"}, {"start": "00:00:44", "end": "00:00:49", "text": "reckless. Tom Lee's finished. Tom Lee's"}, {"start": "00:00:46", "end": "00:00:50", "text": "an idiot.\" And I know. Oh, I understand."}, {"start": "00:00:49", "end": "00:00:53", "text": "If you're an ETH holder, you've been"}, {"start": "00:00:50", "end": "00:00:56", "text": "watching ETH do duck all the entire"}, {"start": "00:00:53", "end": "00:00:57", "text": "cycle. Oh, we had a rally to $5,000 or"}, {"start": "00:00:56", "end": "00:00:59", "text": "4,900 and something. Well, it was like"}, {"start": "00:00:57", "end": "00:01:02", "text": "$100 over the previous all-time high."}, {"start": "00:00:59", "end": "00:01:03", "text": "That's sucks. Bitcoin did very nice,"}, {"start": "00:01:02", "end": "00:01:08", "text": "doubled its previous all-time high."}, {"start": "00:01:03", "end": "00:01:10", "text": "Solana, $8 to 300 bucks, not bad. ETH,"}, {"start": "00:01:08", "end": "00:01:12", "text": "the network processing huge amounts of"}, {"start": "00:01:10", "end": "00:01:15", "text": "transactions, more than almost anything"}, {"start": "00:01:12", "end": "00:01:16", "text": "else in crypto. Solana's ahead of it."}, {"start": "00:01:15", "end": "00:01:18", "text": "That holds more stable coin value than"}, {"start": "00:01:16", "end": "00:01:20", "text": "any other chain that just had Robinhood"}, {"start": "00:01:18", "end": "00:01:22", "text": "launch an entire layer two on top of it."}, {"start": "00:01:20", "end": "00:01:25", "text": "The core asset ETH has done almost"}, {"start": "00:01:22", "end": "00:01:27", "text": "nothing. So, what's wrong with Tom? Why"}, {"start": "00:01:25", "end": "00:01:29", "text": "won't he stop buying? Didn't he get the"}, {"start": "00:01:27", "end": "00:01:31", "text": "memo this is a cursed asset? It's the"}, {"start": "00:01:29", "end": "00:01:32", "text": "worst thing you could possibly buy."}, {"start": "00:01:31", "end": "00:01:34", "text": "That's one of those questions that keeps"}, {"start": "00:01:32", "end": "00:01:36", "text": "you up at night. And the answer reframes"}, {"start": "00:01:34", "end": "00:01:38", "text": "everything that you think you know about"}, {"start": "00:01:36", "end": "00:01:40", "text": "what Ethereum actually is. So, if you"}, {"start": "00:01:38", "end": "00:01:42", "text": "hold ETH right now or you're considering"}, {"start": "00:01:40", "end": "00:01:45", "text": "buying Ethereum cuz you love pain and"}, {"start": "00:01:42", "end": "00:01:46", "text": "suffering, well, you know exactly what"}, {"start": "00:01:45", "end": "00:01:49", "text": "the last 18 months have felt like."}, {"start": "00:01:46", "end": "00:01:51", "text": "Bitcoin got its ETFs, and Bitcoin got"}, {"start": "00:01:49", "end": "00:01:54", "text": "corporate treasury adoption, and Bitcoin"}, {"start": "00:01:51", "end": "00:01:56", "text": "became a geopolitical asset class, and"}, {"start": "00:01:54", "end": "00:01:58", "text": "yada yada yada. Now, look, ETH also got"}, {"start": "00:01:56", "end": "00:02:00", "text": "ETFs. ETH also got corporate treasury"}, {"start": "00:01:58", "end": "00:02:02", "text": "adoption, but it didn't have the same"}, {"start": "00:02:00", "end": "00:02:04", "text": "price impact. Larry thinks out here"}, {"start": "00:02:02", "end": "00:02:05", "text": "shilling tokenization of everything and"}, {"start": "00:02:04", "end": "00:02:07", "text": "they're doing it on Ethereum. ETH has"}, {"start": "00:02:05", "end": "00:02:09", "text": "better technology. It has more users. It"}, {"start": "00:02:07", "end": "00:02:10", "text": "has more developer activity. It has more"}, {"start": "00:02:09", "end": "00:02:13", "text": "real-world utility, more real-world"}, {"start": "00:02:10", "end": "00:02:15", "text": "assets, and on and on and on. With all"}, {"start": "00:02:13", "end": "00:02:16", "text": "that, it sat there like well, a"}, {"start": "00:02:15", "end": "00:02:18", "text": "disappointment at a family dinner nobody"}, {"start": "00:02:16", "end": "00:02:19", "text": "wanted to acknowledge. But, there's"}, {"start": "00:02:18", "end": "00:02:20", "text": "something happening right now that's"}, {"start": "00:02:19", "end": "00:02:23", "text": "worth mentioning. You see, the ETH/BTC"}, {"start": "00:02:20", "end": "00:02:24", "text": "ratio sits at 0.028"}, {"start": "00:02:23", "end": "00:02:26", "text": "at the time of recording this video."}, {"start": "00:02:24", "end": "00:02:27", "text": "That means Ethereum has lost roughly 70%"}, {"start": "00:02:26", "end": "00:02:29", "text": "of its value relative to Bitcoin since"}, {"start": "00:02:27", "end": "00:02:31", "text": "the last cycle's peak. Holders who"}, {"start": "00:02:29", "end": "00:02:33", "text": "believed the ultra-sound money thesis,"}, {"start": "00:02:31", "end": "00:02:35", "text": "we talked about that a lot,"}, {"start": "00:02:33", "end": "00:02:37", "text": "egg in your face. World computer thesis,"}, {"start": "00:02:35", "end": "00:02:40", "text": "egg in your face. And the institutional"}, {"start": "00:02:37", "end": "00:02:41", "text": "settlement layer thesis,"}, {"start": "00:02:40", "end": "00:02:43", "text": "all of them have been right about the"}, {"start": "00:02:41", "end": "00:02:44", "text": "technology and wrong about the price for"}, {"start": "00:02:43", "end": "00:02:46", "text": "years. Ethereum's generally been doing"}, {"start": "00:02:44", "end": "00:02:47", "text": "amazing things on the technology front,"}, {"start": "00:02:46", "end": "00:02:50", "text": "even they're fixing the fees, which is"}, {"start": "00:02:47", "end": "00:02:52", "text": "great. But, the price,"}, {"start": "00:02:50", "end": "00:02:54", "text": "that's a unique kind of pain, isn't it?"}, {"start": "00:02:52", "end": "00:02:55", "text": "Worse than being wrong about a bad"}, {"start": "00:02:54", "end": "00:02:57", "text": "investment, being right about the"}, {"start": "00:02:55", "end": "00:02:58", "text": "technology and still losing to"}, {"start": "00:02:57", "end": "00:02:59", "text": "everything around you. And people have"}, {"start": "00:02:58", "end": "00:03:02", "text": "been giving up left, right, and center"}, {"start": "00:02:59", "end": "00:03:04", "text": "on Ethereum. Big big people in the space"}, {"start": "00:03:02", "end": "00:03:06", "text": "have completely written off Ethereum."}, {"start": "00:03:04", "end": "00:03:08", "text": "People who were invested for years"}, {"start": "00:03:06", "end": "00:03:10", "text": "completely sold and gone. Tom Lee"}, {"start": "00:03:08", "end": "00:03:13", "text": "sitting on nearly $10 billion of pain."}, {"start": "00:03:10", "end": "00:03:15", "text": "Yet, he keeps buying. Why? Well, here's"}, {"start": "00:03:13", "end": "00:03:16", "text": "what makes me stop dismissing this as"}, {"start": "00:03:15", "end": "00:03:18", "text": "just stubbornness and to start taking it"}, {"start": "00:03:16", "end": "00:03:19", "text": "a little more seriously because Tom Lee"}, {"start": "00:03:18", "end": "00:03:21", "text": "has laid out his framework. He said"}, {"start": "00:03:19", "end": "00:03:23", "text": "something publicly that kind of reframes"}, {"start": "00:03:21", "end": "00:03:25", "text": "the entire Ethereum valuation question"}, {"start": "00:03:23", "end": "00:03:27", "text": "in a way that maybe you haven't really"}, {"start": "00:03:25", "end": "00:03:29", "text": "heard anywhere else. He's not defending"}, {"start": "00:03:27", "end": "00:03:30", "text": "his losing trade, he's describing a"}, {"start": "00:03:29", "end": "00:03:32", "text": "different asset than the one that"}, {"start": "00:03:30", "end": "00:03:35", "text": "everyone else is currently pricing and"}, {"start": "00:03:32", "end": "00:03:38", "text": "that is why he's buying 20,000 ETH a"}, {"start": "00:03:35", "end": "00:03:39", "text": "week. And if he's right, the $10 billion"}, {"start": "00:03:38", "end": "00:03:41", "text": "loss is the most obvious entry point in"}, {"start": "00:03:39", "end": "00:03:44", "text": "the history of this network. The"}, {"start": "00:03:41", "end": "00:03:46", "text": "sentiment right now makes it an obvious"}, {"start": "00:03:44", "end": "00:03:48", "text": "entry point. The clowning on Tom Lee"}, {"start": "00:03:46", "end": "00:03:50", "text": "makes it an entry point. But, if the ETH"}, {"start": "00:03:48", "end": "00:03:52", "text": "setup just made you want to act, but"}, {"start": "00:03:50", "end": "00:03:53", "text": "you're not sure exactly how to position"}, {"start": "00:03:52", "end": "00:03:54", "text": "yourself, well, that's the problem that"}, {"start": "00:03:53", "end": "00:03:57", "text": "the Inner Circle solves. This is our"}, {"start": "00:03:54", "end": "00:03:59", "text": "private investor and trader group. We"}, {"start": "00:03:57", "end": "00:04:00", "text": "don't just give you the macro picture,"}, {"start": "00:03:59", "end": "00:04:02", "text": "we give you the specific entry points,"}, {"start": "00:04:00", "end": "00:04:03", "text": "the position size, and the altcoin"}, {"start": "00:04:02", "end": "00:04:06", "text": "reports of the plays most likely to"}, {"start": "00:04:03", "end": "00:04:09", "text": "outperform ETH itself during a ratio"}, {"start": "00:04:06", "end": "00:04:10", "text": "recovery. You will get weekly reports."}, {"start": "00:04:09", "end": "00:04:13", "text": "For example, we flagged Quant before its"}, {"start": "00:04:10", "end": "00:04:14", "text": "100% move. We flagged Micron Tech cuz"}, {"start": "00:04:13", "end": "00:04:16", "text": "it's not just crypto we talk about, we"}, {"start": "00:04:14", "end": "00:04:19", "text": "talk about tech stocks, too. Micron"}, {"start": "00:04:16", "end": "00:04:21", "text": "before the 400% rally. Bitcoin, we got"}, {"start": "00:04:19", "end": "00:04:22", "text": "that short before the dump. And when you"}, {"start": "00:04:21", "end": "00:04:24", "text": "join the Inner Circle, there's a link"}, {"start": "00:04:22", "end": "00:04:26", "text": "down below, we'd love to see you there."}, {"start": "00:04:24", "end": "00:04:28", "text": "Your community is waiting for you."}, {"start": "00:04:26", "end": "00:04:29", "text": "You'll get $80 a month in rebates from"}, {"start": "00:04:28", "end": "00:04:32", "text": "the guys over at BitMEX. You get a 7-day"}, {"start": "00:04:29", "end": "00:04:34", "text": "free trial. It's only 50 bucks a month."}, {"start": "00:04:32", "end": "00:04:36", "text": "Come in, test out our products, see if"}, {"start": "00:04:34", "end": "00:04:37", "text": "it's for you or not. Pricing will not"}, {"start": "00:04:36", "end": "00:04:38", "text": "last forever. We'll be increasing prices"}, {"start": "00:04:37", "end": "00:04:40", "text": "soon, but if you buy now, you'll be"}, {"start": "00:04:38", "end": "00:04:41", "text": "grandfathering yourself in, as well."}, {"start": "00:04:40", "end": "00:04:43", "text": "Link down below. Your community is"}, {"start": "00:04:41", "end": "00:04:46", "text": "waiting. I'll see you in there. So,"}, {"start": "00:04:43", "end": "00:04:47", "text": "look, at WebX 2026, Tom Lee said"}, {"start": "00:04:46", "end": "00:04:50", "text": "something that cut through everything."}, {"start": "00:04:47", "end": "00:04:53", "text": "He said, \"ETH is the antidote to the"}, {"start": "00:04:50", "end": "00:04:56", "text": "wealth horror valley.\" Okay, strange"}, {"start": "00:04:53", "end": "00:04:58", "text": "phrase, specific meaning. The wealth"}, {"start": "00:04:56", "end": "00:05:00", "text": "horror valley is what he calls period"}, {"start": "00:04:58", "end": "00:05:02", "text": "where people watch their savings erode"}, {"start": "00:05:00", "end": "00:05:05", "text": "in real terms. Inflation above interest"}, {"start": "00:05:02", "end": "00:05:07", "text": "rates. Asset prices right now outrunning"}, {"start": "00:05:05", "end": "00:05:09", "text": "wages. It's tough. It's tough for a lot"}, {"start": "00:05:07", "end": "00:05:10", "text": "of people. The feeling that the"}, {"start": "00:05:09", "end": "00:05:14", "text": "financial system is essentially"}, {"start": "00:05:10", "end": "00:05:17", "text": "extracting value specifically from you"}, {"start": "00:05:14", "end": "00:05:18", "text": "faster than you"}, {"start": "00:05:17", "end": "00:05:21", "text": "can actually accumulate it. It's very"}, {"start": "00:05:18", "end": "00:05:22", "text": "real. And it's an interesting point for"}, {"start": "00:05:21", "end": "00:05:24", "text": "him to bring up. You see, it's what"}, {"start": "00:05:22", "end": "00:05:26", "text": "keeps people like you up at night. It's"}, {"start": "00:05:24", "end": "00:05:29", "text": "the anxiety underneath really every"}, {"start": "00:05:26", "end": "00:05:32", "text": "financial speculation, every decision"}, {"start": "00:05:29", "end": "00:05:33", "text": "that we make as investors or just as"}, {"start": "00:05:32", "end": "00:05:35", "text": "people trying to budget for our"}, {"start": "00:05:33", "end": "00:05:36", "text": "families, whatever it might be. That"}, {"start": "00:05:35", "end": "00:05:38", "text": "thought's always there. So, his"}, {"start": "00:05:36", "end": "00:05:41", "text": "argument, \"Ethereum is the settlement"}, {"start": "00:05:38", "end": "00:05:42", "text": "layer for everything that comes next.\""}, {"start": "00:05:41", "end": "00:05:44", "text": "It's very interesting and specific"}, {"start": "00:05:42", "end": "00:05:46", "text": "argument. Cuz he's saying it's not just"}, {"start": "00:05:44", "end": "00:05:50", "text": "a bet on crypto succeeding. It's a bet"}, {"start": "00:05:46", "end": "00:05:51", "text": "on value settles as the world digitizes."}, {"start": "00:05:50", "end": "00:05:53", "text": "So, you have to ask yourself some a"}, {"start": "00:05:51", "end": "00:05:55", "text": "question. Do you think the world is"}, {"start": "00:05:53", "end": "00:05:56", "text": "going more digital? Do you think that"}, {"start": "00:05:55", "end": "00:05:58", "text": "with all the stablecoin launches and"}, {"start": "00:05:56", "end": "00:06:00", "text": "everything else going on, BlackRock just"}, {"start": "00:05:58", "end": "00:06:01", "text": "got behind a stablecoin launch with"}, {"start": "00:06:00", "end": "00:06:02", "text": "Google and other major players, Stripe,"}, {"start": "00:06:01", "end": "00:06:04", "text": "Visa, all these guys, that's going to"}, {"start": "00:06:02", "end": "00:06:05", "text": "live on Ethereum. And as the world"}, {"start": "00:06:04", "end": "00:06:07", "text": "digitizes more, we're going to need"}, {"start": "00:06:05", "end": "00:06:10", "text": "rails for that. We're going to need"}, {"start": "00:06:07", "end": "00:06:12", "text": "trustless rails, credibly neutral rails"}, {"start": "00:06:10", "end": "00:06:14", "text": "like Ethereum. You compare it to land."}, {"start": "00:06:12", "end": "00:06:16", "text": "If everything else, stocks, real estate,"}, {"start": "00:06:14", "end": "00:06:19", "text": "bonds, AI, compute, digital commerce,"}, {"start": "00:06:16", "end": "00:06:21", "text": "eventually runs on Ethereum, then ETH is"}, {"start": "00:06:19", "end": "00:06:22", "text": "the land underneath it all. It's like"}, {"start": "00:06:21", "end": "00:06:25", "text": "buying Manhattan before they built all"}, {"start": "00:06:22", "end": "00:06:27", "text": "the skyscrapers. Now, land doesn't"}, {"start": "00:06:25", "end": "00:06:29", "text": "generate cash flow. It appreciates cuz"}, {"start": "00:06:27", "end": "00:06:30", "text": "everything valuable gets on top of it."}, {"start": "00:06:29", "end": "00:06:32", "text": "And of course, nobody asks for the"}, {"start": "00:06:30", "end": "00:06:34", "text": "land's revenue multiple when they're"}, {"start": "00:06:32", "end": "00:06:37", "text": "deciding whether to own a piece of land"}, {"start": "00:06:34", "end": "00:06:39", "text": "or not. They're buying it based on the"}, {"start": "00:06:37", "end": "00:06:41", "text": "future value of that. So, this is your"}, {"start": "00:06:39", "end": "00:06:42", "text": "chance to buy the digital Manhattan,"}, {"start": "00:06:41", "end": "00:06:45", "text": "essentially."}, {"start": "00:06:42", "end": "00:06:48", "text": "Now, he then said a number. A number"}, {"start": "00:06:45", "end": "00:06:51", "text": "that really should make every ETH bear"}, {"start": "00:06:48", "end": "00:06:52", "text": "stop and recalculate. Cuz he said at 300"}, {"start": "00:06:51", "end": "00:06:54", "text": "billion, which is approximately the"}, {"start": "00:06:52", "end": "00:06:57", "text": "current valuation, he said that he"}, {"start": "00:06:54", "end": "00:07:02", "text": "believes Ethereum could actually become"}, {"start": "00:06:57", "end": "00:07:03", "text": "a 1 trillion to 5 trillion-dollar"}, {"start": "00:07:02", "end": "00:07:06", "text": "network."}, {"start": "00:07:03", "end": "00:07:08", "text": "That is a lot. Then he said a number"}, {"start": "00:07:06", "end": "00:07:10", "text": "that should really make every bear stop"}, {"start": "00:07:08", "end": "00:07:11", "text": "and recalculate. Cuz right now,"}, {"start": "00:07:10", "end": "00:07:13", "text": "Ethereum's got about a 200"}, {"start": "00:07:11", "end": "00:07:14", "text": "billion-dollar valuation, give or take"}, {"start": "00:07:13", "end": "00:07:15", "text": "10 or 20 billion. He believes that"}, {"start": "00:07:14", "end": "00:07:17", "text": "Ethereum will one day become a 1"}, {"start": "00:07:15", "end": "00:07:19", "text": "trillion to 5 trillion-dollar network."}, {"start": "00:07:17", "end": "00:07:21", "text": "At 1 trillion dollars, one ETH is worth"}, {"start": "00:07:19", "end": "00:07:23", "text": "$9,000. At 5 trillion, it's worth about"}, {"start": "00:07:21", "end": "00:07:25", "text": "$45,000. He thinks that could happen in"}, {"start": "00:07:23", "end": "00:07:27", "text": "the next few years as traditional assets"}, {"start": "00:07:25", "end": "00:07:28", "text": "become composable and then get digitized"}, {"start": "00:07:27", "end": "00:07:30", "text": "on chain. That's the tokenization of"}, {"start": "00:07:28", "end": "00:07:32", "text": "everything. That's not a price target."}, {"start": "00:07:30", "end": "00:07:34", "text": "That's a market cap comparison to what"}, {"start": "00:07:32", "end": "00:07:35", "text": "the network would be worth if it"}, {"start": "00:07:34", "end": "00:07:38", "text": "captures even a fraction of the value"}, {"start": "00:07:35", "end": "00:07:40", "text": "that it's designed to settle."}, {"start": "00:07:38", "end": "00:07:41", "text": "Interesting. Here's the data point that"}, {"start": "00:07:40", "end": "00:07:43", "text": "probably matters most right now and is"}, {"start": "00:07:41", "end": "00:07:45", "text": "getting almost no mainstream coverage,"}, {"start": "00:07:43", "end": "00:07:47", "text": "Robinhood. See, Robinhood just launched"}, {"start": "00:07:45", "end": "00:07:48", "text": "Robinhood Chain. It's already generating"}, {"start": "00:07:47", "end": "00:07:50", "text": "more trading volume than most"}, {"start": "00:07:48", "end": "00:07:52", "text": "established decentralized exchanges,"}, {"start": "00:07:50", "end": "00:07:54", "text": "than most other blockchains. It's number"}, {"start": "00:07:52", "end": "00:07:56", "text": "two or three depending on the day."}, {"start": "00:07:54", "end": "00:07:58", "text": "Immediately cocking all these other"}, {"start": "00:07:56", "end": "00:08:01", "text": "blockchains that have been around for"}, {"start": "00:07:58", "end": "00:08:03", "text": "years. And of course, it is using ETH as"}, {"start": "00:08:01", "end": "00:08:05", "text": "native gas. It denominates its fees in"}, {"start": "00:08:03", "end": "00:08:07", "text": "Ethereum most of the trading's happening"}, {"start": "00:08:05", "end": "00:08:09", "text": "in Ethereum. It settles on Ethereum"}, {"start": "00:08:07", "end": "00:08:10", "text": "layer one. Robinhood, the platform that"}, {"start": "00:08:09", "end": "00:08:12", "text": "introduced an entire generation of"}, {"start": "00:08:10", "end": "00:08:13", "text": "retail investors, of millennial"}, {"start": "00:08:12", "end": "00:08:14", "text": "investors of financial markets. Yeah,"}, {"start": "00:08:13", "end": "00:08:15", "text": "they're building their own blocks to"}, {"start": "00:08:14", "end": "00:08:17", "text": "infrastructure on in Ethereum,"}, {"start": "00:08:15", "end": "00:08:18", "text": "denominate everything in ETH, and"}, {"start": "00:08:17", "end": "00:08:20", "text": "sending settlement back to the mainnet"}, {"start": "00:08:18", "end": "00:08:22", "text": "with every single transaction. Probably"}, {"start": "00:08:20", "end": "00:08:25", "text": "nothing. Lee's response to this was very"}, {"start": "00:08:22", "end": "00:08:27", "text": "direct. He said, \"ETH is money. Do you"}, {"start": "00:08:25", "end": "00:08:28", "text": "see it clearly now?\" You have to"}, {"start": "00:08:27", "end": "00:08:30", "text": "understand, this isn't just some small"}, {"start": "00:08:28", "end": "00:08:32", "text": "protocol choosing Ethereum because it's"}, {"start": "00:08:30", "end": "00:08:35", "text": "cheap. These aren't some non-devs"}, {"start": "00:08:32", "end": "00:08:38", "text": "launching Ethereum layer two number 36."}, {"start": "00:08:35", "end": "00:08:40", "text": "This is a publicly traded company with"}, {"start": "00:08:38", "end": "00:08:41", "text": "tens of millions of retail users"}, {"start": "00:08:40", "end": "00:08:44", "text": "building their financial future on"}, {"start": "00:08:41", "end": "00:08:47", "text": "Ethereum rails. And every transaction"}, {"start": "00:08:44", "end": "00:08:49", "text": "that they process creates ETH demand"}, {"start": "00:08:47", "end": "00:08:52", "text": "that simply didn't exist, well, a month"}, {"start": "00:08:49", "end": "00:08:55", "text": "ago. The institutional adoption thesis,"}, {"start": "00:08:52", "end": "00:08:56", "text": "it's not coming, it's here."}, {"start": "00:08:55", "end": "00:08:58", "text": "It's just not showing up in price yet."}, {"start": "00:08:56", "end": "00:09:00", "text": "That won't stay like that forever. Tom"}, {"start": "00:08:58", "end": "00:09:02", "text": "Lee also made one more comparison at Web"}, {"start": "00:09:00", "end": "00:09:03", "text": "X that I think deserves some kind of"}, {"start": "00:09:02", "end": "00:09:05", "text": "serious attention, so we're going to"}, {"start": "00:09:03", "end": "00:09:08", "text": "talk about it. So, Tom Lee compared"}, {"start": "00:09:05", "end": "00:09:11", "text": "Ethereum's current market cap structure"}, {"start": "00:09:08", "end": "00:09:13", "text": "to the post-1987"}, {"start": "00:09:11", "end": "00:09:17", "text": "stock market recovery. So, let's do some"}, {"start": "00:09:13", "end": "00:09:18", "text": "history here. October 1987."}, {"start": "00:09:17", "end": "00:09:20", "text": "I was two. It was a good time. Why"}, {"start": "00:09:18", "end": "00:09:23", "text": "wasn't I buying the Nasdaq then? Oh, is"}, {"start": "00:09:20", "end": "00:09:25", "text": "your baby Lark? Shut up, baby Lark. Go"}, {"start": "00:09:23", "end": "00:09:27", "text": "buy Nasdaq. Anyway, that's my point."}, {"start": "00:09:25", "end": "00:09:30", "text": "The Dow dropped 22% in a single day. The"}, {"start": "00:09:27", "end": "00:09:32", "text": "single worst crash in market history,"}, {"start": "00:09:30", "end": "00:09:35", "text": "single day crash in market history. The"}, {"start": "00:09:32", "end": "00:09:36", "text": "sentiment was apocalyptic. The recovery"}, {"start": "00:09:35", "end": "00:09:37", "text": "that followed was one of the greatest"}, {"start": "00:09:36", "end": "00:09:39", "text": "bull runs in equity market history. So,"}, {"start": "00:09:37", "end": "00:09:40", "text": "his argument here is that ETH"}, {"start": "00:09:39", "end": "00:09:42", "text": "outperformed relative to everything"}, {"start": "00:09:40", "end": "00:09:44", "text": "around it combined with its"}, {"start": "00:09:42", "end": "00:09:47", "text": "strengthening fundamentals, it is"}, {"start": "00:09:44", "end": "00:09:50", "text": "essentially creating the same setup that"}, {"start": "00:09:47", "end": "00:09:53", "text": "we saw in 1987. We have this maximum"}, {"start": "00:09:50", "end": "00:09:55", "text": "pessimism meeting accelerating real"}, {"start": "00:09:53", "end": "00:09:58", "text": "world adoption. Here we are with the ETH"}, {"start": "00:09:55", "end": "00:10:00", "text": "BTC ratio sitting at 0.08. So, the most"}, {"start": "00:09:58", "end": "00:10:03", "text": "historically depressed readings for the"}, {"start": "00:10:00", "end": "00:10:06", "text": "price in years. Weekly RSI hit the third"}, {"start": "00:10:03", "end": "00:10:08", "text": "biggest oversold reading ever in the"}, {"start": "00:10:06", "end": "00:10:09", "text": "asset's history. And 2 weeks ago, at the"}, {"start": "00:10:08", "end": "00:10:13", "text": "same time all that's happening, a"}, {"start": "00:10:09", "end": "00:10:15", "text": "bullish weekly MACD crossover triggered"}, {"start": "00:10:13", "end": "00:10:17", "text": "on the ETH BTC ratio. Now, last time"}, {"start": "00:10:15", "end": "00:10:20", "text": "that specific signal fired, the ETH BTC"}, {"start": "00:10:17", "end": "00:10:22", "text": "ratio soared 132% in just a few months."}, {"start": "00:10:20", "end": "00:10:23", "text": "Not ETH priced in dollars, ETH"}, {"start": "00:10:22", "end": "00:10:25", "text": "outperformed relative to Bitcoin by"}, {"start": "00:10:23", "end": "00:10:27", "text": "132%."}, {"start": "00:10:25", "end": "00:10:30", "text": "Showing that if this were to play out"}, {"start": "00:10:27", "end": "00:10:31", "text": "again, technical indicators are saying"}, {"start": "00:10:30", "end": "00:10:35", "text": "that we're heading towards an"}, {"start": "00:10:31", "end": "00:10:36", "text": "institutional shelling point with ETH."}, {"start": "00:10:35", "end": "00:10:37", "text": "Now, most people aren't watching that"}, {"start": "00:10:36", "end": "00:10:39", "text": "signal because they've given up on ETH"}, {"start": "00:10:37", "end": "00:10:41", "text": "entirely, and I understand."}, {"start": "00:10:39", "end": "00:10:43", "text": "Oh, I understand. But, that's exactly"}, {"start": "00:10:41", "end": "00:10:44", "text": "the setup that Tom Lee's describing, and"}, {"start": "00:10:43", "end": "00:10:46", "text": "exactly the setup that historically"}, {"start": "00:10:44", "end": "00:10:47", "text": "produced the sharpest reversals. By the"}, {"start": "00:10:46", "end": "00:10:49", "text": "way, his company, BM&R, Bitmain"}, {"start": "00:10:47", "end": "00:10:52", "text": "Immersion Technologies, absolutely"}, {"start": "00:10:49", "end": "00:10:56", "text": "effing wrecked. But, but"}, {"start": "00:10:52", "end": "00:11:00", "text": "is this the MSTR of the cycle? Bitcoin"}, {"start": "00:10:56", "end": "00:11:02", "text": "did 6x last cycle. MSTR did 36x."}, {"start": "00:11:00", "end": "00:11:04", "text": "You made 6x your money by holding MSTR"}, {"start": "00:11:02", "end": "00:11:07", "text": "instead of BTC. What if ETH does a 6x"}, {"start": "00:11:04", "end": "00:11:10", "text": "from these prices and goes to 12K a coin"}, {"start": "00:11:07", "end": "00:11:13", "text": "or something like that, and BM&R pulls a"}, {"start": "00:11:10", "end": "00:11:14", "text": "36x just like MSTR did? I'm just saying,"}, {"start": "00:11:13", "end": "00:11:15", "text": "not financial advice. I'm just pulling"}, {"start": "00:11:14", "end": "00:11:17", "text": "some numbers out of my butt here. Here's"}, {"start": "00:11:15", "end": "00:11:19", "text": "the thing about watching someone sit on"}, {"start": "00:11:17", "end": "00:11:21", "text": "$10 billion in unrealized losses and"}, {"start": "00:11:19", "end": "00:11:24", "text": "continuing to buy. It can just be cuz"}, {"start": "00:11:21", "end": "00:11:25", "text": "he's one stubborn son of a A fund"}, {"start": "00:11:24", "end": "00:11:27", "text": "manager too proud to admit that he"}, {"start": "00:11:25", "end": "00:11:30", "text": " up. Someone who drank the"}, {"start": "00:11:27", "end": "00:11:33", "text": "Ethereum Kool-Aid so deeply just can't"}, {"start": "00:11:30", "end": "00:11:34", "text": "see reality anymore. Or, you can look at"}, {"start": "00:11:33", "end": "00:11:37", "text": "his thick glasses, his nice head of"}, {"start": "00:11:34", "end": "00:11:38", "text": "hair, and you can think, \"Gosh darn it,"}, {"start": "00:11:37", "end": "00:11:40", "text": "maybe this is someone who understands"}, {"start": "00:11:38", "end": "00:11:41", "text": "something about what Ethereum actually"}, {"start": "00:11:40", "end": "00:11:44", "text": "is better than the average retail"}, {"start": "00:11:41", "end": "00:11:47", "text": "investor panicking on X. It's not a"}, {"start": "00:11:44", "end": "00:11:49", "text": "fee-generating protocol you value on on"}, {"start": "00:11:47", "end": "00:11:51", "text": "revenue multiples, but the land"}, {"start": "00:11:49", "end": "00:11:52", "text": "underneath the next financial system."}, {"start": "00:11:51", "end": "00:11:54", "text": "And who is buying it at the most"}, {"start": "00:11:52", "end": "00:11:57", "text": "pessimistic moment in its history?"}, {"start": "00:11:54", "end": "00:11:59", "text": "Because that's when you want to buy"}, {"start": "00:11:57", "end": "00:12:01", "text": " You want to buy it when it's"}, {"start": "00:11:59", "end": "00:12:04", "text": "cheap, not when it's expensive as"}, {"start": "00:12:01", "end": "00:12:06", "text": "Bitmain right now holds 5.75 million"}, {"start": "00:12:04", "end": "00:12:09", "text": "Ethereum, nearly 5% of the entire"}, {"start": "00:12:06", "end": "00:12:10", "text": "supply, a million dollars a day in"}, {"start": "00:12:09", "end": "00:12:12", "text": "staking revenue alone. They've got a"}, {"start": "00:12:10", "end": "00:12:15", "text": "preferred stock that's come out as well,"}, {"start": "00:12:12", "end": "00:12:17", "text": "built on that exact yield. Tom Lee will"}, {"start": "00:12:15", "end": "00:12:18", "text": "either be epically wrong and go down in"}, {"start": "00:12:17", "end": "00:12:22", "text": "the history books as a complete dumb"}, {"start": "00:12:18", "end": "00:12:23", "text": "ass, or in two to four years' time, he's"}, {"start": "00:12:22", "end": "00:12:27", "text": "going to be on the cover of Time"}, {"start": "00:12:23", "end": "00:12:29", "text": "magazine as the genius who bought 5% of"}, {"start": "00:12:27", "end": "00:12:31", "text": "the supply of Ethereum. The question for"}, {"start": "00:12:29", "end": "00:12:32", "text": "us to make as investors, when looking at"}, {"start": "00:12:31", "end": "00:12:34", "text": "somebody else, and you should never"}, {"start": "00:12:32", "end": "00:12:35", "text": "borrow anybody else's conviction, but"}, {"start": "00:12:34", "end": "00:12:38", "text": "the question for us to make as investors"}, {"start": "00:12:35", "end": "00:12:40", "text": "is, has he set up a compelling enough"}, {"start": "00:12:38", "end": "00:12:43", "text": "argument that other institutions will"}, {"start": "00:12:40", "end": "00:12:46", "text": "follow him? That indeed he's right about"}, {"start": "00:12:43", "end": "00:12:47", "text": "this being a real estate grab. And if"}, {"start": "00:12:46", "end": "00:12:49", "text": "so, and if he is right on his"}, {"start": "00:12:47", "end": "00:12:51", "text": "predictions that we see a one to five"}, {"start": "00:12:49", "end": "00:12:55", "text": "trillion-dollar market cap, that's"}, {"start": "00:12:51", "end": "00:12:57", "text": "significant upside of, well, 400% to"}, {"start": "00:12:55", "end": "00:12:59", "text": "4,000%."}, {"start": "00:12:57", "end": "00:13:01", "text": "You might think those kind of gains are"}, {"start": "00:12:59", "end": "00:13:03", "text": "impossible to have, but that's because"}, {"start": "00:13:01", "end": "00:13:05", "text": "you have been emotionally abused by this"}, {"start": "00:13:03", "end": "00:13:07", "text": "market. You have PTSD. You don't believe"}, {"start": "00:13:05", "end": "00:13:09", "text": "that good things are possible anymore"}, {"start": "00:13:07", "end": "00:13:10", "text": "for Ethereum specifically, but certainly"}, {"start": "00:13:09", "end": "00:13:12", "text": "for the broader crypto market without"}, {"start": "00:13:10", "end": "00:13:13", "text": "having to go and gamble life and limb in"}, {"start": "00:13:12", "end": "00:13:16", "text": "the mean coin trenches. But look at what"}, {"start": "00:13:13", "end": "00:13:17", "text": "happened to the super cycle for memory"}, {"start": "00:13:16", "end": "00:13:19", "text": "stocks and for semiconductor stocks and"}, {"start": "00:13:17", "end": "00:13:21", "text": "all these kind of things. These stocks"}, {"start": "00:13:19", "end": "00:13:22", "text": "went up unbelievable amounts,"}, {"start": "00:13:21", "end": "00:13:25", "text": "multi-trillion-dollar companies putting"}, {"start": "00:13:22", "end": "00:13:28", "text": "in daily 20, 30, 40, 50% gains. Don't be"}, {"start": "00:13:25", "end": "00:13:30", "text": "afraid to dream a little bigger. Those"}, {"start": "00:13:28", "end": "00:13:32", "text": "times will come again for crypto. And"}, {"start": "00:13:30", "end": "00:13:33", "text": "with everything lining up, perhaps just"}, {"start": "00:13:32", "end": "00:13:35", "text": "perhaps"}, {"start": "00:13:33", "end": "00:13:38", "text": "Ethereum ends up being a recipient of"}, {"start": "00:13:35", "end": "00:13:38", "text": "some of that bullishness."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Brad Garlinghouse just said something"}, {"start": "00:00:02", "end": "00:00:06", "text": "that sounds kind of bearish about XRP,"}, {"start": "00:00:05", "end": "00:00:07", "text": "but it's actually the most bullish thing"}, {"start": "00:00:06", "end": "00:00:10", "text": "possible if you understand what he's"}, {"start": "00:00:07", "end": "00:00:11", "text": "really saying. See, Ripple processed $16"}, {"start": "00:00:10", "end": "00:00:14", "text": "trillion in transactions last year."}, {"start": "00:00:11", "end": "00:00:16", "text": "That's a pretty big number, okay? 0% of"}, {"start": "00:00:14", "end": "00:00:19", "text": "those transactions used the digital"}, {"start": "00:00:16", "end": "00:00:20", "text": "asset. Read that again. $16 trillion"}, {"start": "00:00:19", "end": "00:00:22", "text": "flowing through the infrastructure that"}, {"start": "00:00:20", "end": "00:00:23", "text": "has not yet switched on the crypto rails"}, {"start": "00:00:22", "end": "00:00:25", "text": "underneath it. That's not a failure."}, {"start": "00:00:23", "end": "00:00:27", "text": "That's an opportunity, and that's not"}, {"start": "00:00:25", "end": "00:00:30", "text": "Lark saying it. The Garlinghouse himself"}, {"start": "00:00:27", "end": "00:00:31", "text": "said this, okay? He is explicitly saying"}, {"start": "00:00:30", "end": "00:00:33", "text": "that the real play is bringing the next"}, {"start": "00:00:31", "end": "00:00:35", "text": "[music] $16 trillion onto blockchain"}, {"start": "00:00:33", "end": "00:00:37", "text": "infrastructure enabling settlement with"}, {"start": "00:00:35", "end": "00:00:38", "text": "XRP. The network's already built. It's"}, {"start": "00:00:37", "end": "00:00:39", "text": "already got the partnerships. The"}, {"start": "00:00:38", "end": "00:00:41", "text": "volume's already there. The digital"}, {"start": "00:00:39", "end": "00:00:42", "text": "asset layer simply has not been turned"}, {"start": "00:00:41", "end": "00:00:44", "text": "on in a meaningful way yet. When"}, {"start": "00:00:42", "end": "00:00:45", "text": "institutions settle trillions of dollars"}, {"start": "00:00:44", "end": "00:00:46", "text": "in transactions, the difference between"}, {"start": "00:00:45", "end": "00:00:48", "text": "doing it the old way and doing it with"}, {"start": "00:00:46", "end": "00:00:50", "text": "XRP is speed, [music] cost, and"}, {"start": "00:00:48", "end": "00:00:52", "text": "finality. The old way loses on all"}, {"start": "00:00:50", "end": "00:00:54", "text": "three. $16 trillion potential volume"}, {"start": "00:00:52", "end": "00:00:56", "text": "with the digital asset switch not yet"}, {"start": "00:00:54", "end": "00:01:01", "text": "flipped on in a meaningful way. That is"}, {"start": "00:00:56", "end": "00:01:01", "text": "the XRP thesis in just one sentence."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Black Rockck knows. Bitcoin holders, you"}, {"start": "00:00:03", "end": "00:00:08", "text": "better get ready because Larry Frink"}, {"start": "00:00:06", "end": "00:00:10", "text": "just let the cat out of the bag. We got"}, {"start": "00:00:08", "end": "00:00:12", "text": "that. We've got the latest on Ethereum."}, {"start": "00:00:10", "end": "00:00:13", "text": "Big whale purchases coming in. We're"}, {"start": "00:00:12", "end": "00:00:15", "text": "talking about the cash cat. Everything"}, {"start": "00:00:13", "end": "00:00:17", "text": "going on. Robin Hood chain. We got the"}, {"start": "00:00:15", "end": "00:00:18", "text": "latest on the stock market. A lot of"}, {"start": "00:00:17", "end": "00:00:20", "text": "stocks taking big hits. And we got to"}, {"start": "00:00:18", "end": "00:00:23", "text": "talk about that as well. See where the"}, {"start": "00:00:20", "end": "00:00:25", "text": "opportunity is lying here for us. So,"}, {"start": "00:00:23", "end": "00:00:26", "text": "let's go. First and foremost, I want you"}, {"start": "00:00:25", "end": "00:00:28", "text": "guys to have a quick listen to this."}, {"start": "00:00:26", "end": "00:00:29", "text": "It's like 30 40 seconds. Let's have a"}, {"start": "00:00:28", "end": "00:00:31", "text": "quick listen."}, {"start": "00:00:29", "end": "00:00:33", "text": "There is no question as I said it in"}, {"start": "00:00:31", "end": "00:00:36", "text": "earlier times and over here I was always"}, {"start": "00:00:33", "end": "00:00:38", "text": "worried about the leverage in in Bitcoin"}, {"start": "00:00:36", "end": "00:00:40", "text": "and crypto. There was too much leverage"}, {"start": "00:00:38", "end": "00:00:41", "text": "players in it. That's why we had the"}, {"start": "00:00:40", "end": "00:00:45", "text": "wash out and I think there's more"}, {"start": "00:00:41", "end": "00:00:47", "text": "stability at these levels here. But um"}, {"start": "00:00:45", "end": "00:00:50", "text": "no I we don't see that much implicit"}, {"start": "00:00:47", "end": "00:00:52", "text": "leverage for the scale of the capital"}, {"start": "00:00:50", "end": "00:00:55", "text": "markets today. The leverage is not as"}, {"start": "00:00:52", "end": "00:00:58", "text": "large. I mean that that that that"}, {"start": "00:00:55", "end": "00:01:01", "text": "doesn't mean there's not pockets. Uh but"}, {"start": "00:00:58", "end": "00:01:03", "text": "no, I I I as I said in my prepared"}, {"start": "00:01:01", "end": "00:01:05", "text": "remarks this morning, I'm very bullish"}, {"start": "00:01:03", "end": "00:01:07", "text": "on the markets over the next 12 months."}, {"start": "00:01:05", "end": "00:01:10", "text": "I think the tech technological"}, {"start": "00:01:07", "end": "00:01:11", "text": "revolution is going to power uh better"}, {"start": "00:01:10", "end": "00:01:13", "text": "margins for more companies. I mean,"}, {"start": "00:01:11", "end": "00:01:15", "text": "think about Black Rockck. We've raised"}, {"start": "00:01:13", "end": "00:01:17", "text": "our margins increased by 260 base points"}, {"start": "00:01:15", "end": "00:01:21", "text": "over the last 12 months. A lot of it is"}, {"start": "00:01:17", "end": "00:01:25", "text": "using more and more technology."}, {"start": "00:01:21", "end": "00:01:29", "text": "The man, the myth, the legend,"}, {"start": "00:01:25", "end": "00:01:31", "text": "Larry Frink. Look,"}, {"start": "00:01:29", "end": "00:01:33", "text": "Larry Frink's bullish. Says next 12"}, {"start": "00:01:31", "end": "00:01:34", "text": "months going to be awesome."}, {"start": "00:01:33", "end": "00:01:35", "text": "I look at Larry Frink as a slightly"}, {"start": "00:01:34", "end": "00:01:36", "text": "different character compared to like"}, {"start": "00:01:35", "end": "00:01:38", "text": "Jamie Diamond. When Jamie Diamond says"}, {"start": "00:01:36", "end": "00:01:39", "text": "something, it's usually do the exact"}, {"start": "00:01:38", "end": "00:01:42", "text": "opposite of whatever he's saying. Larry"}, {"start": "00:01:39", "end": "00:01:45", "text": "Frink's different in my opinion. And"}, {"start": "00:01:42", "end": "00:01:46", "text": "maybe he's wrong, but this reminds me of"}, {"start": "00:01:45", "end": "00:01:49", "text": "back and we covered this story at the"}, {"start": "00:01:46", "end": "00:01:52", "text": "time. Back in uh 2022,"}, {"start": "00:01:49", "end": "00:01:54", "text": "August 2022, Black Rockck very quietly"}, {"start": "00:01:52", "end": "00:01:56", "text": "introduced a private Bitcoin fund for"}, {"start": "00:01:54", "end": "00:01:58", "text": "their clients."}, {"start": "00:01:56", "end": "00:01:59", "text": "The year after that, they filed for a"}, {"start": "00:01:58", "end": "00:02:02", "text": "Bitcoin ETF. And I was saying at the"}, {"start": "00:01:59", "end": "00:02:03", "text": "time, watch this. Middle of the bare"}, {"start": "00:02:02", "end": "00:02:05", "text": "market, they're introducing a product so"}, {"start": "00:02:03", "end": "00:02:07", "text": "that their private investors can get"}, {"start": "00:02:05", "end": "00:02:08", "text": "juicy amounts of Bitcoin. And then they"}, {"start": "00:02:07", "end": "00:02:10", "text": "launched a Bitcoin ETF to provide exit"}, {"start": "00:02:08", "end": "00:02:12", "text": "liquidity for those early investors."}, {"start": "00:02:10", "end": "00:02:13", "text": "Genius. Now, they could not have"}, {"start": "00:02:12", "end": "00:02:14", "text": "predicted the FTX collapse, but"}, {"start": "00:02:13", "end": "00:02:16", "text": "otherwise, they would have been pretty"}, {"start": "00:02:14", "end": "00:02:19", "text": "good on their bottom of the market call."}, {"start": "00:02:16", "end": "00:02:20", "text": "Now, we have Larry Frink saying, \"Look,"}, {"start": "00:02:19", "end": "00:02:24", "text": "the leverage is washed out. We're"}, {"start": "00:02:20", "end": "00:02:28", "text": "bullish on the next 12 months.\" Aka, go"}, {"start": "00:02:24", "end": "00:02:30", "text": "buy some Bitcoin, you crazy animals."}, {"start": "00:02:28", "end": "00:02:32", "text": "President Trump to meet US senators"}, {"start": "00:02:30", "end": "00:02:34", "text": "tomorrow to discuss the Cryptoclarity"}, {"start": "00:02:32", "end": "00:02:36", "text": "Act. Trump really wants to get the"}, {"start": "00:02:34", "end": "00:02:37", "text": "Clarity Act through. We are running uh"}, {"start": "00:02:36", "end": "00:02:39", "text": "very much out of time to get this thing"}, {"start": "00:02:37", "end": "00:02:41", "text": "across the finish line. If they pull off"}, {"start": "00:02:39", "end": "00:02:43", "text": "the Clarity Act in the next few weeks,"}, {"start": "00:02:41", "end": "00:02:47", "text": "crypto could have a very, very"}, {"start": "00:02:43", "end": "00:02:50", "text": "interesting few months. If this does not"}, {"start": "00:02:47", "end": "00:02:53", "text": "get passed, oh boy. Uh, four-year cycle,"}, {"start": "00:02:50", "end": "00:02:55", "text": "bros going to get it again, aren't they?"}, {"start": "00:02:53", "end": "00:02:56", "text": "Oh boy. It's interesting though. You can"}, {"start": "00:02:55", "end": "00:02:58", "text": "see Trump really wants to get this thing"}, {"start": "00:02:56", "end": "00:03:00", "text": "across the line."}, {"start": "00:02:58", "end": "00:03:02", "text": "Trump says"}, {"start": "00:03:00", "end": "00:03:03", "text": "he wants the US to have the lowest"}, {"start": "00:03:02", "end": "00:03:05", "text": "interest rate anywhere in the world. He"}, {"start": "00:03:03", "end": "00:03:06", "text": "told Fox he has a lot of respect for Fed"}, {"start": "00:03:05", "end": "00:03:08", "text": "Chair Worsh, but wants rates lower,"}, {"start": "00:03:06", "end": "00:03:10", "text": "saying other countries pay 1 to 1.5%"}, {"start": "00:03:08", "end": "00:03:13", "text": "with the US pays 3 to four. He also said"}, {"start": "00:03:10", "end": "00:03:14", "text": "US trade deficits down 68% in one year,"}, {"start": "00:03:13", "end": "00:03:15", "text": "we should have the lowest interest rates"}, {"start": "00:03:14", "end": "00:03:17", "text": "anywhere in the world by far, like we"}, {"start": "00:03:15", "end": "00:03:18", "text": "used to have many years ago. Did"}, {"start": "00:03:17", "end": "00:03:21", "text": "anything happen, Donald, that could have"}, {"start": "00:03:18", "end": "00:03:22", "text": "derailed the possibility to get interest"}, {"start": "00:03:21", "end": "00:03:26", "text": "rates lower this year. Perhaps something"}, {"start": "00:03:22", "end": "00:03:28", "text": "to do with a certain straight of hormuz"}, {"start": "00:03:26", "end": "00:03:29", "text": "dawn"}, {"start": "00:03:28", "end": "00:03:32", "text": "h massive global energy market"}, {"start": "00:03:29", "end": "00:03:33", "text": "disruptions."}, {"start": "00:03:32", "end": "00:03:35", "text": "Anyway,"}, {"start": "00:03:33", "end": "00:03:36", "text": "I liked this from Mr. Shift. He said,"}, {"start": "00:03:35", "end": "00:03:38", "text": "\"The greed that made you not sell"}, {"start": "00:03:36", "end": "00:03:40", "text": "because BTC was going to 150K is the"}, {"start": "00:03:38", "end": "00:03:42", "text": "same greed that makes you not buy"}, {"start": "00:03:40", "end": "00:03:45", "text": "because BTC is going to 50K.\" It is"}, {"start": "00:03:42", "end": "00:03:46", "text": "true. It is true. Now, I was in the 150K"}, {"start": "00:03:45", "end": "00:03:48", "text": "club. Okay? In fact, I thought we were"}, {"start": "00:03:46", "end": "00:03:51", "text": "going much higher than 150K. I was"}, {"start": "00:03:48", "end": "00:03:54", "text": "spectacularly wrong. Egg on my face."}, {"start": "00:03:51", "end": "00:03:56", "text": "Anyway, it's fine. Still got my Bitcoin."}, {"start": "00:03:54", "end": "00:03:58", "text": "It's all good."}, {"start": "00:03:56", "end": "00:04:00", "text": "But I think it's true. The sentiment is"}, {"start": "00:03:58", "end": "00:04:03", "text": "true. Now, you see bears getting quite"}, {"start": "00:04:00", "end": "00:04:05", "text": "cocky. Now you see this similar level"}, {"start": "00:04:03", "end": "00:04:07", "text": "near lows where everybody, ah, we got to"}, {"start": "00:04:05", "end": "00:04:08", "text": "go to 40k in October, which maybe we do."}, {"start": "00:04:07", "end": "00:04:10", "text": "Maybe the four-year cycle really just"}, {"start": "00:04:08", "end": "00:04:12", "text": "memes it into reality. I mean, geez"}, {"start": "00:04:10", "end": "00:04:14", "text": "louise, if that happens again, Bitcoin"}, {"start": "00:04:12", "end": "00:04:16", "text": "is such a ridiculous asset. Besides the"}, {"start": "00:04:14", "end": "00:04:18", "text": "point,"}, {"start": "00:04:16", "end": "00:04:20", "text": "it is true though because people will"}, {"start": "00:04:18", "end": "00:04:22", "text": "wait to buy. They'll be totally"}, {"start": "00:04:20", "end": "00:04:25", "text": "sidelined in cash and people will watch"}, {"start": "00:04:22", "end": "00:04:26", "text": "it go to 80, 90K, for example, and not"}, {"start": "00:04:25", "end": "00:04:29", "text": "buy because well, we still got to get to"}, {"start": "00:04:26", "end": "00:04:31", "text": "40k in October."}, {"start": "00:04:29", "end": "00:04:32", "text": "Just saying guys, not a bad time to be"}, {"start": "00:04:31", "end": "00:04:34", "text": "dollar cost averaging into some coin"}, {"start": "00:04:32", "end": "00:04:37", "text": "right now. Bitcoin rejected here at the"}, {"start": "00:04:34", "end": "00:04:39", "text": "50-day EMA. So far, we have the 20-day"}, {"start": "00:04:37", "end": "00:04:41", "text": "slowly curling up towards the 50. We"}, {"start": "00:04:39", "end": "00:04:43", "text": "want to see that crossover. But the real"}, {"start": "00:04:41", "end": "00:04:46", "text": "big challenge for us is that 200 day"}, {"start": "00:04:43", "end": "00:04:47", "text": "EMA, man. You really cannot say that the"}, {"start": "00:04:46", "end": "00:04:49", "text": "bull market is back until we cross the"}, {"start": "00:04:47", "end": "00:04:52", "text": "200 day EMA. As I've said many, many"}, {"start": "00:04:49", "end": "00:04:54", "text": "times here on the show, the 200 day is"}, {"start": "00:04:52", "end": "00:04:56", "text": "the bull bear line. Above the 200 day,"}, {"start": "00:04:54", "end": "00:04:58", "text": "we're in a bull market. Below the 200"}, {"start": "00:04:56", "end": "00:04:59", "text": "day, the dirty bears are in charge."}, {"start": "00:04:58", "end": "00:05:00", "text": "Well, the Dirty Bear has been in charge"}, {"start": "00:04:59", "end": "00:05:02", "text": "for quite a long time. In fact, the last"}, {"start": "00:05:00", "end": "00:05:05", "text": "time we came close to the 200 day was an"}, {"start": "00:05:02", "end": "00:05:07", "text": "epic rejection at $83,000. It smashed us"}, {"start": "00:05:05", "end": "00:05:13", "text": "down within just a few weeks back to"}, {"start": "00:05:07", "end": "00:05:13", "text": "57K. Brutality. Brutality, my friends."}, {"start": "00:05:13", "end": "00:05:18", "text": "Wales continue accumulating Ethereum."}, {"start": "00:05:16", "end": "00:05:21", "text": "Three newly created wallets withdrew"}, {"start": "00:05:18", "end": "00:05:25", "text": "30,000 ETH from Coinbase Prime 9 hours"}, {"start": "00:05:21", "end": "00:05:28", "text": "ago. Arthur Hayes is buying more ETH."}, {"start": "00:05:25", "end": "00:05:30", "text": "Tom Le is buying more ETH. ETH is"}, {"start": "00:05:28", "end": "00:05:33", "text": "becoming a more interesting asset. One"}, {"start": "00:05:30", "end": "00:05:37", "text": "of the most hated assets in crypto."}, {"start": "00:05:33", "end": "00:05:39", "text": "Whales are buying. Curiously enough,"}, {"start": "00:05:37", "end": "00:05:42", "text": "the ETH chart did have a nice breakout"}, {"start": "00:05:39", "end": "00:05:44", "text": "the other day. Very nice breakout. Now,"}, {"start": "00:05:42", "end": "00:05:46", "text": "as we discussed, depending on how you"}, {"start": "00:05:44", "end": "00:05:47", "text": "want to measure whether from the candle"}, {"start": "00:05:46", "end": "00:05:49", "text": "closes or the candle wicks will form how"}, {"start": "00:05:47", "end": "00:05:50", "text": "you see this double bottom pattern. But"}, {"start": "00:05:49", "end": "00:05:53", "text": "we have a double bottom pattern playing"}, {"start": "00:05:50", "end": "00:05:55", "text": "out. Let's go from the wicks here. Okay."}, {"start": "00:05:53", "end": "00:05:58", "text": "And if we go from the wicks, then an"}, {"start": "00:05:55", "end": "00:06:01", "text": "1850 retest for ETH would be the second"}, {"start": "00:05:58", "end": "00:06:02", "text": "best time to get into this trade. I'm"}, {"start": "00:06:01", "end": "00:06:03", "text": "already in this trade, but if we pull"}, {"start": "00:06:02", "end": "00:06:06", "text": "back to this level, I might even add a"}, {"start": "00:06:03", "end": "00:06:09", "text": "little more to that trade. The target on"}, {"start": "00:06:06", "end": "00:06:12", "text": "this is about $2,100. I can see it"}, {"start": "00:06:09", "end": "00:06:15", "text": "pushing as high as 2,200, which is the"}, {"start": "00:06:12", "end": "00:06:17", "text": "200day EMA. Then becomes the real test"}, {"start": "00:06:15", "end": "00:06:20", "text": "zone. Can you get over the 200 day EMA?"}, {"start": "00:06:17", "end": "00:06:21", "text": "Can it break out?"}, {"start": "00:06:20", "end": "00:06:23", "text": "We'll see. Let's not put the horse in"}, {"start": "00:06:21", "end": "00:06:25", "text": "front of the cart here. Let's just focus"}, {"start": "00:06:23", "end": "00:06:27", "text": "on the double bottom pattern and the"}, {"start": "00:06:25", "end": "00:06:29", "text": "implications that to get us up here."}, {"start": "00:06:27", "end": "00:06:30", "text": "Now, if this is a failed breakout, we"}, {"start": "00:06:29", "end": "00:06:31", "text": "don't have huge volumes on this move, by"}, {"start": "00:06:30", "end": "00:06:33", "text": "the way, so it could end up being a"}, {"start": "00:06:31", "end": "00:06:36", "text": "failed breakout. If price closes back"}, {"start": "00:06:33", "end": "00:06:39", "text": "under the 50-day EMA, failed breakout"}, {"start": "00:06:36", "end": "00:06:40", "text": "probably invalidates this double bottom."}, {"start": "00:06:39", "end": "00:06:43", "text": "Hasn't happened yet. We'll keep an eye"}, {"start": "00:06:40", "end": "00:06:45", "text": "on it. Good. Alexander posted this."}, {"start": "00:06:43", "end": "00:06:48", "text": "Bitcoin can't go down with a war and"}, {"start": "00:06:45", "end": "00:06:50", "text": "sailor selling. Zcash can't go down with"}, {"start": "00:06:48", "end": "00:06:51", "text": "a privacy bug discovered by AI. ETH"}, {"start": "00:06:50", "end": "00:06:53", "text": "books. Robin Hood after Vitalic"}, {"start": "00:06:51", "end": "00:06:55", "text": "disavows. Gambling is a valid use case."}, {"start": "00:06:53", "end": "00:06:56", "text": "Gambling is the main use case. Vitalic,"}, {"start": "00:06:55", "end": "00:06:58", "text": "have you seen what happens on Ethereum"}, {"start": "00:06:56", "end": "00:07:02", "text": "or any other chain? Man, the night is"}, {"start": "00:06:58", "end": "00:07:04", "text": "darkest before the dawn. I am Batman."}, {"start": "00:07:02", "end": "00:07:06", "text": "Tom Lee is not the not the hero we"}, {"start": "00:07:04", "end": "00:07:08", "text": "deserve. He's the hero we need right"}, {"start": "00:07:06", "end": "00:07:13", "text": "now."}, {"start": "00:07:08", "end": "00:07:14", "text": "Salana. Come on, Salani Coin. Come on."}, {"start": "00:07:13", "end": "00:07:17", "text": "Let's do it. Daddy needs a new pair of"}, {"start": "00:07:14", "end": "00:07:19", "text": "shoes. Come on. Come on. Now,"}, {"start": "00:07:17", "end": "00:07:21", "text": "it has just been chilling around the 50"}, {"start": "00:07:19", "end": "00:07:23", "text": "20-day EMAs, hasn't it? It bounces back"}, {"start": "00:07:21", "end": "00:07:25", "text": "above, bounces back below. We haven't"}, {"start": "00:07:23", "end": "00:07:27", "text": "had any"}, {"start": "00:07:25", "end": "00:07:28", "text": "sort of accelerated movement to either"}, {"start": "00:07:27", "end": "00:07:30", "text": "side, though, which I find pretty"}, {"start": "00:07:28", "end": "00:07:33", "text": "interesting so far because"}, {"start": "00:07:30", "end": "00:07:35", "text": "generally been holding up in the zone."}, {"start": "00:07:33", "end": "00:07:36", "text": "If we have an accelerated move to the"}, {"start": "00:07:35", "end": "00:07:38", "text": "downside, things get real dicey real"}, {"start": "00:07:36", "end": "00:07:41", "text": "quick for Salana."}, {"start": "00:07:38", "end": "00:07:42", "text": "So far, the market structure is holding"}, {"start": "00:07:41", "end": "00:07:44", "text": "higher highs, higher lows. You want to"}, {"start": "00:07:42", "end": "00:07:47", "text": "see it keep doing that. Quick update on"}, {"start": "00:07:44", "end": "00:07:49", "text": "the trades. Salon along is at a loss"}, {"start": "00:07:47", "end": "00:07:52", "text": "currently. ETH currently at a nice"}, {"start": "00:07:49", "end": "00:07:54", "text": "unrealized profit. Still holding the"}, {"start": "00:07:52", "end": "00:07:56", "text": "position. Unis swap small unrealized"}, {"start": "00:07:54", "end": "00:07:57", "text": "profit on this trade here as well. The"}, {"start": "00:07:56", "end": "00:07:59", "text": "ETH trade, like I said, we go back to"}, {"start": "00:07:57", "end": "00:08:01", "text": "1850. I'll probably double down on this"}, {"start": "00:07:59", "end": "00:08:03", "text": "trade because I think that's a valid"}, {"start": "00:08:01", "end": "00:08:05", "text": "retest of the structure of the double"}, {"start": "00:08:03", "end": "00:08:07", "text": "bottom pattern. Of course, if you want"}, {"start": "00:08:05", "end": "00:08:09", "text": "to join me trading over on Bit, there is"}, {"start": "00:08:07", "end": "00:08:13", "text": "a link right down below. Go check it"}, {"start": "00:08:09", "end": "00:08:14", "text": "out. Use that link, deposit USDT, make a"}, {"start": "00:08:13", "end": "00:08:17", "text": "trade. We'll be doing 1,000 bucks. We're"}, {"start": "00:08:14", "end": "00:08:18", "text": "in fact give away $1,000 right now"}, {"start": "00:08:17", "end": "00:08:19", "text": "because you're going to be in to win"}, {"start": "00:08:18", "end": "00:08:20", "text": "that money. You got to be signed up. You"}, {"start": "00:08:19", "end": "00:08:22", "text": "got to deposit. You got to make a trade."}, {"start": "00:08:20", "end": "00:08:23", "text": "It's that simple. In that order. Let's"}, {"start": "00:08:22", "end": "00:08:25", "text": "go ahead and draw now. Who's winning"}, {"start": "00:08:23", "end": "00:08:27", "text": "a,000 bucks today? We're about to find"}, {"start": "00:08:25", "end": "00:08:28", "text": "out. By the way, when you join the inner"}, {"start": "00:08:27", "end": "00:08:30", "text": "circle, which is our private investment"}, {"start": "00:08:28", "end": "00:08:31", "text": "and trading group where we give you long"}, {"start": "00:08:30", "end": "00:08:33", "text": "and short positions on crypto stocks and"}, {"start": "00:08:31", "end": "00:08:35", "text": "metals, exact entries, exact stop-loss,"}, {"start": "00:08:33", "end": "00:08:37", "text": "exact takeprofit targets. We give you"}, {"start": "00:08:35", "end": "00:08:38", "text": "deep dive research reports every single"}, {"start": "00:08:37", "end": "00:08:40", "text": "week on hot tech stocks, hot altcoins."}, {"start": "00:08:38", "end": "00:08:42", "text": "You get our AI tools and much more."}, {"start": "00:08:40", "end": "00:08:45", "text": "7-day free trial. The guys at BYU also"}, {"start": "00:08:42", "end": "00:08:47", "text": "give you back an $80 a month rebate"}, {"start": "00:08:45", "end": "00:08:51", "text": "which is crazy. Doc Cole,"}, {"start": "00:08:47", "end": "00:08:54", "text": "congratulations. $1,000 Roies. Enjoy it."}, {"start": "00:08:51", "end": "00:08:57", "text": "Enjoy it. That's awesome. Cash Cat Robin"}, {"start": "00:08:54", "end": "00:08:58", "text": "Hood chain. Cash Cat has come back down"}, {"start": "00:08:57", "end": "00:09:02", "text": "to level that I flagged out a few days"}, {"start": "00:08:58", "end": "00:09:06", "text": "ago. This key area right here of price"}, {"start": "00:09:02", "end": "00:09:08", "text": "support. Now [sighs]"}, {"start": "00:09:06", "end": "00:09:10", "text": "I have entered into a cash cap position."}, {"start": "00:09:08", "end": "00:09:11", "text": "It's not super significant, but it's"}, {"start": "00:09:10", "end": "00:09:13", "text": "enough to be interesting if it does"}, {"start": "00:09:11", "end": "00:09:16", "text": "something. And it's small enough that if"}, {"start": "00:09:13", "end": "00:09:17", "text": "this thing craters, I can take the"}, {"start": "00:09:16", "end": "00:09:19", "text": "yellow and move on with my life and be"}, {"start": "00:09:17", "end": "00:09:21", "text": "happy about it. But we did come right"}, {"start": "00:09:19", "end": "00:09:23", "text": "back down to this very key level. This"}, {"start": "00:09:21", "end": "00:09:25", "text": "price support here about $85 million"}, {"start": "00:09:23", "end": "00:09:27", "text": "market cap exactly tagged that. I drew"}, {"start": "00:09:25", "end": "00:09:29", "text": "this line on the chart yesterday. By the"}, {"start": "00:09:27", "end": "00:09:30", "text": "way, I have not modified that. This came"}, {"start": "00:09:29", "end": "00:09:32", "text": "down to exactly hit that level. The"}, {"start": "00:09:30", "end": "00:09:34", "text": "question now is, can it actually bounce"}, {"start": "00:09:32", "end": "00:09:37", "text": "here and form some kind of meaningful"}, {"start": "00:09:34", "end": "00:09:39", "text": "base of support to then push higher?"}, {"start": "00:09:37", "end": "00:09:42", "text": "That's the key. We want to see the 4hour"}, {"start": "00:09:39", "end": "00:09:43", "text": "MACD flip bullish again and then at the"}, {"start": "00:09:42", "end": "00:09:46", "text": "very least we get a relief rally on this"}, {"start": "00:09:43", "end": "00:09:47", "text": "sucker, potentially a breakout higher."}, {"start": "00:09:46", "end": "00:09:49", "text": "Robin Hood chain now has been out for a"}, {"start": "00:09:47", "end": "00:09:52", "text": "few weeks. People have made money."}, {"start": "00:09:49", "end": "00:09:53", "text": "People are taking profits on stuff."}, {"start": "00:09:52", "end": "00:09:56", "text": "People are moving on to the next thing."}, {"start": "00:09:53", "end": "00:09:58", "text": "We have a lot of uh stuff that's smaller"}, {"start": "00:09:56", "end": "00:09:59", "text": "cap stuff. I did buy a smaller cap coin."}, {"start": "00:09:58", "end": "00:10:00", "text": "I don't even want to talk about it"}, {"start": "00:09:59", "end": "00:10:02", "text": "because it's so high risk to be honest,"}, {"start": "00:10:00", "end": "00:10:06", "text": "but I did buy a smaller cap coin on uh"}, {"start": "00:10:02", "end": "00:10:09", "text": "Robin Hood here as well. Cash Cat. Let's"}, {"start": "00:10:06", "end": "00:10:11", "text": "see. $100 million market cap coin."}, {"start": "00:10:09", "end": "00:10:13", "text": "Threw some money in. Let's see. Is the"}, {"start": "00:10:11", "end": "00:10:14", "text": "cat gonna take my money or am I going to"}, {"start": "00:10:13", "end": "00:10:16", "text": "make something on it? We're about to"}, {"start": "00:10:14", "end": "00:10:18", "text": "find out if this will be support or not."}, {"start": "00:10:16", "end": "00:10:22", "text": "Currently in a downturn of the MACD"}, {"start": "00:10:18", "end": "00:10:24", "text": "attempting to curl over and move up. But"}, {"start": "00:10:22", "end": "00:10:26", "text": "that 80 $85 million market cap zone will"}, {"start": "00:10:24", "end": "00:10:28", "text": "be an absolute key and critical level to"}, {"start": "00:10:26", "end": "00:10:29", "text": "hold. Break under that and there's"}, {"start": "00:10:28", "end": "00:10:31", "text": "really no support until you get back"}, {"start": "00:10:29", "end": "00:10:32", "text": "down to like 89 million, which is"}, {"start": "00:10:31", "end": "00:10:35", "text": "brutal."}, {"start": "00:10:32", "end": "00:10:37", "text": "Which is brutal. Okay, so that is what"}, {"start": "00:10:35", "end": "00:10:39", "text": "I'm keeping an eye on here for this cash"}, {"start": "00:10:37", "end": "00:10:42", "text": "cat trade. Highly speculative. It's a"}, {"start": "00:10:39", "end": "00:10:44", "text": "picture of a cat, guys. That's it."}, {"start": "00:10:42", "end": "00:10:47", "text": "That's the fundamentals."}, {"start": "00:10:44", "end": "00:10:48", "text": "Now, if you want did want to"}, {"start": "00:10:47", "end": "00:10:50", "text": "keep an eye on something, I've got"}, {"start": "00:10:48", "end": "00:10:52", "text": "virtuals. This is something I've been"}, {"start": "00:10:50", "end": "00:10:54", "text": "adding into for a while now. This is a"}, {"start": "00:10:52", "end": "00:10:56", "text": "leader in the AI agent space on chain"}, {"start": "00:10:54", "end": "00:10:58", "text": "and a leader in the humanoid robotics"}, {"start": "00:10:56", "end": "00:11:03", "text": "space on chain as well. They're doing"}, {"start": "00:10:58", "end": "00:11:05", "text": "both and they're launching new agents on"}, {"start": "00:11:03", "end": "00:11:06", "text": "Robin Hood chain. Some of those have"}, {"start": "00:11:05", "end": "00:11:08", "text": "done well. Some of them are very new. I"}, {"start": "00:11:06", "end": "00:11:09", "text": "think there's a lot of speculation"}, {"start": "00:11:08", "end": "00:11:10", "text": "around could these do well or not. And I"}, {"start": "00:11:09", "end": "00:11:12", "text": "don't know if we're going to get a"}, {"start": "00:11:10", "end": "00:11:14", "text": "bassel like season where, you know, we"}, {"start": "00:11:12", "end": "00:11:16", "text": "have base AI agents that just went"}, {"start": "00:11:14", "end": "00:11:18", "text": "absolutely nuts. These virtuals agents"}, {"start": "00:11:16", "end": "00:11:20", "text": "that were launched went to hundreds of"}, {"start": "00:11:18", "end": "00:11:21", "text": "millions, billions of dollars. I'm not"}, {"start": "00:11:20", "end": "00:11:23", "text": "sure we're in that kind of situation"}, {"start": "00:11:21", "end": "00:11:24", "text": "where we can see that happen. But some"}, {"start": "00:11:23", "end": "00:11:25", "text": "of these are definitely going to run."}, {"start": "00:11:24", "end": "00:11:27", "text": "Some of these have run. If you find some"}, {"start": "00:11:25", "end": "00:11:28", "text": "of these AI agents early, and again,"}, {"start": "00:11:27", "end": "00:11:29", "text": "there's lots of scams and stuff like"}, {"start": "00:11:28", "end": "00:11:31", "text": "that, then maybe they're going to make"}, {"start": "00:11:29", "end": "00:11:33", "text": "money. But if you wanted the pick and"}, {"start": "00:11:31", "end": "00:11:36", "text": "shovel version of that, that's buying"}, {"start": "00:11:33", "end": "00:11:38", "text": "virtual itself, which currently is"}, {"start": "00:11:36", "end": "00:11:40", "text": "breaking out. So there's a few ways to"}, {"start": "00:11:38", "end": "00:11:41", "text": "express your interest in the success of"}, {"start": "00:11:40", "end": "00:11:43", "text": "Robin Hood chain without having to buy"}, {"start": "00:11:41", "end": "00:11:45", "text": "cat coins, right? You can buy virtual,"}, {"start": "00:11:43", "end": "00:11:46", "text": "you can buy unis swap, you can buy"}, {"start": "00:11:45", "end": "00:11:51", "text": "lighter because these all directly"}, {"start": "00:11:46", "end": "00:11:53", "text": "benefit from that. Continuing unis swap"}, {"start": "00:11:51", "end": "00:11:55", "text": "still in the trade. I'm almost, you"}, {"start": "00:11:53", "end": "00:11:57", "text": "know, I'm tempted to double down on this"}, {"start": "00:11:55", "end": "00:11:58", "text": "trade. We're so close to the 200 day"}, {"start": "00:11:57", "end": "00:11:59", "text": "EMA. I feel like we're getting rejected."}, {"start": "00:11:58", "end": "00:12:02", "text": "It's going to be right there, man. But"}, {"start": "00:11:59", "end": "00:12:04", "text": "it's been maintaining relatively well. I"}, {"start": "00:12:02", "end": "00:12:06", "text": "mean kind of kind of bull flagging up"}, {"start": "00:12:04", "end": "00:12:08", "text": "here."}, {"start": "00:12:06", "end": "00:12:10", "text": "Don't know. Might add some more to that"}, {"start": "00:12:08", "end": "00:12:12", "text": "trade. We'll see. Of course, our report"}, {"start": "00:12:10", "end": "00:12:14", "text": "on unis swap was shared back here. If"}, {"start": "00:12:12", "end": "00:12:16", "text": "you were an inner circle member, you got"}, {"start": "00:12:14", "end": "00:12:18", "text": "that report. Our team took positions in"}, {"start": "00:12:16", "end": "00:12:20", "text": "it. And of course, we had a secondary"}, {"start": "00:12:18", "end": "00:12:24", "text": "signal fire for this, which was a"}, {"start": "00:12:20", "end": "00:12:25", "text": "breakout trade here at $2.90."}, {"start": "00:12:24", "end": "00:12:27", "text": "Did you get either of those? You weren't"}, {"start": "00:12:25", "end": "00:12:30", "text": "in the air circle. You missed out. Link"}, {"start": "00:12:27", "end": "00:12:32", "text": "down below. 7-day free trial. Okay,"}, {"start": "00:12:30", "end": "00:12:33", "text": "subscribe to the channel if you're not"}, {"start": "00:12:32", "end": "00:12:34", "text": "subscribed yet. It's free. I see the"}, {"start": "00:12:33", "end": "00:12:36", "text": "analytics. Know most of you guys are not"}, {"start": "00:12:34", "end": "00:12:37", "text": "subscribed. You should subscribe because"}, {"start": "00:12:36", "end": "00:12:38", "text": "it's free and it's awesome and you'll"}, {"start": "00:12:37", "end": "00:12:41", "text": "get these videos in your feed in the"}, {"start": "00:12:38", "end": "00:12:43", "text": "future. The NASDAQ still consolidating"}, {"start": "00:12:41", "end": "00:12:46", "text": "within the triangle today. Looks like"}, {"start": "00:12:43", "end": "00:12:48", "text": "another red day coming for the NASDAQ."}, {"start": "00:12:46", "end": "00:12:50", "text": "It's fine. Opening at 710 currently"}, {"start": "00:12:48", "end": "00:12:52", "text": "based on pre-markets. As long as we"}, {"start": "00:12:50", "end": "00:12:56", "text": "maintain above this orange line in the"}, {"start": "00:12:52", "end": "00:12:59", "text": "50-day EMA, it's all groovy. break below"}, {"start": "00:12:56", "end": "00:13:02", "text": "these two lines right here and then the"}, {"start": "00:12:59", "end": "00:13:04", "text": "potential for the 200 day EMA retest"}, {"start": "00:13:02", "end": "00:13:07", "text": "comes into play real fast which would be"}, {"start": "00:13:04", "end": "00:13:09", "text": "a 15% peak to trough dump which is"}, {"start": "00:13:07", "end": "00:13:11", "text": "totally cool and normal to be honest for"}, {"start": "00:13:09", "end": "00:13:13", "text": "NASDAQ especially after such a crazy"}, {"start": "00:13:11", "end": "00:13:17", "text": "runup recently."}, {"start": "00:13:13", "end": "00:13:20", "text": "Bit mine yo they made $45 million from"}, {"start": "00:13:17", "end": "00:13:21", "text": "staking their Ethereum in Q2 98% of"}, {"start": "00:13:20", "end": "00:13:23", "text": "revenue. This is the big difference"}, {"start": "00:13:21", "end": "00:13:25", "text": "between Bitine and Strategy. See,"}, {"start": "00:13:23", "end": "00:13:26", "text": "Bitmine, they make [�__�] tons of money"}, {"start": "00:13:25", "end": "00:13:29", "text": "just off a stake in their Ethereum."}, {"start": "00:13:26", "end": "00:13:30", "text": "That's almost $200 million a year. Plus,"}, {"start": "00:13:29", "end": "00:13:32", "text": "they've got venture investments and"}, {"start": "00:13:30", "end": "00:13:33", "text": "other stuff outside of just Ethereum."}, {"start": "00:13:32", "end": "00:13:35", "text": "They invest in like Mr. Beast company"}, {"start": "00:13:33", "end": "00:13:38", "text": "and stuff like that through Bitmine. So,"}, {"start": "00:13:35", "end": "00:13:41", "text": "that has a potential big future payoff."}, {"start": "00:13:38", "end": "00:13:42", "text": "Tom Lee, man, look at the glasses, guys."}, {"start": "00:13:41", "end": "00:13:46", "text": "You going to fade a guy with those kind"}, {"start": "00:13:42", "end": "00:13:47", "text": "of glasses? I think not. That being"}, {"start": "00:13:46", "end": "00:13:51", "text": "said,"}, {"start": "00:13:47", "end": "00:13:52", "text": "BMR has been slaughtered along with the"}, {"start": "00:13:51", "end": "00:13:54", "text": "rest of the crypto market. any crypto"}, {"start": "00:13:52", "end": "00:13:55", "text": "related stocks at Coinbase also down in"}, {"start": "00:13:54", "end": "00:13:58", "text": "a similar fashion. But I think if"}, {"start": "00:13:55", "end": "00:14:00", "text": "there's any"}, {"start": "00:13:58", "end": "00:14:01", "text": "digital asset treasury company in the"}, {"start": "00:14:00", "end": "00:14:03", "text": "Ethereum space that's worth investing"}, {"start": "00:14:01", "end": "00:14:04", "text": "in, I have my money in this of course."}, {"start": "00:14:03", "end": "00:14:06", "text": "You can see my portfolio disclosures"}, {"start": "00:14:04", "end": "00:14:07", "text": "always down below in the description on"}, {"start": "00:14:06", "end": "00:14:09", "text": "YouTube."}, {"start": "00:14:07", "end": "00:14:11", "text": "If there's any digital asset treasury"}, {"start": "00:14:09", "end": "00:14:14", "text": "company Ethereum space worth owning,"}, {"start": "00:14:11", "end": "00:14:17", "text": "it's Bitmine. And currently it is, let's"}, {"start": "00:14:14", "end": "00:14:19", "text": "say, testing this downtrend line. Has"}, {"start": "00:14:17", "end": "00:14:22", "text": "not broken out of it yet. Weekly MACD"}, {"start": "00:14:19", "end": "00:14:24", "text": "has flipped bullish. It's It's small."}, {"start": "00:14:22", "end": "00:14:27", "text": "It's down there."}, {"start": "00:14:24", "end": "00:14:28", "text": "There it is. There it is, guys."}, {"start": "00:14:27", "end": "00:14:31", "text": "It ain't much, but it's what we got"}, {"start": "00:14:28", "end": "00:14:33", "text": "right now. Now, across the stock market,"}, {"start": "00:14:31", "end": "00:14:34", "text": "we've seen a lot of corrections across a"}, {"start": "00:14:33", "end": "00:14:35", "text": "lot of the most popular names like"}, {"start": "00:14:34", "end": "00:14:37", "text": "Micron Tech. Of course, inner circle"}, {"start": "00:14:35", "end": "00:14:40", "text": "members got the report back here before"}, {"start": "00:14:37", "end": "00:14:42", "text": "the 450% rally. Just going to say that."}, {"start": "00:14:40", "end": "00:14:44", "text": "Anyway, it has corrected quite a bit and"}, {"start": "00:14:42", "end": "00:14:46", "text": "is now losing trend."}, {"start": "00:14:44", "end": "00:14:47", "text": "I know there were a lot of people aping"}, {"start": "00:14:46", "end": "00:14:49", "text": "their life savings into Micron and"}, {"start": "00:14:47", "end": "00:14:50", "text": "Sandisk after these insane rallies,"}, {"start": "00:14:49", "end": "00:14:52", "text": "which as I was saying at the time is the"}, {"start": "00:14:50", "end": "00:14:55", "text": "exact wrong thing to do. You don't you"}, {"start": "00:14:52", "end": "00:14:57", "text": "don't ape into a stock that's got a 99.3"}, {"start": "00:14:55", "end": "00:14:59", "text": "monthly RSI. Literally the high not"}, {"start": "00:14:57", "end": "00:15:03", "text": "Micron was SanDisk. Literally the"}, {"start": "00:14:59", "end": "00:15:04", "text": "highest monthly RSI reading of any stock"}, {"start": "00:15:03", "end": "00:15:09", "text": "in history. People were [�__�] buying"}, {"start": "00:15:04", "end": "00:15:12", "text": "it. Can't make this [�__�] up. Anyway,"}, {"start": "00:15:09", "end": "00:15:13", "text": "Micron is finally slowing down. It"}, {"start": "00:15:12", "end": "00:15:15", "text": "doesn't mean Micron's going to zero."}, {"start": "00:15:13", "end": "00:15:17", "text": "It's going to crash 99% or that kind of"}, {"start": "00:15:15", "end": "00:15:19", "text": "stuff, but it's a very welcome breather"}, {"start": "00:15:17", "end": "00:15:20", "text": "for this stock that has been an absolute"}, {"start": "00:15:19", "end": "00:15:23", "text": "leader in the category for quite a"}, {"start": "00:15:20", "end": "00:15:24", "text": "while. The opening in pre-markets is"}, {"start": "00:15:23", "end": "00:15:27", "text": "showing this opening below the 50-day"}, {"start": "00:15:24", "end": "00:15:30", "text": "EMA. So, we had a break under the 20-day"}, {"start": "00:15:27", "end": "00:15:31", "text": "EMA, a bearish retest on the 20-day EMA,"}, {"start": "00:15:30", "end": "00:15:33", "text": "and now it looks like it could be"}, {"start": "00:15:31", "end": "00:15:36", "text": "continuing lower. The target, I think,"}, {"start": "00:15:33", "end": "00:15:38", "text": "on this move would be down to 643, which"}, {"start": "00:15:36", "end": "00:15:40", "text": "sounds pretty extreme"}, {"start": "00:15:38", "end": "00:15:43", "text": "because these stocks are wildly"}, {"start": "00:15:40", "end": "00:15:46", "text": "volatile. And if we get down here,"}, {"start": "00:15:43", "end": "00:15:48", "text": "it's a 50% drop, man."}, {"start": "00:15:46", "end": "00:15:50", "text": "It's not that crazy. It's not that"}, {"start": "00:15:48", "end": "00:15:52", "text": "crazy. We've seen a lot of big cap"}, {"start": "00:15:50", "end": "00:15:54", "text": "stocks doing those kind of moves. The"}, {"start": "00:15:52", "end": "00:15:56", "text": "reason I flag this area in particular,"}, {"start": "00:15:54", "end": "00:15:59", "text": "maybe we bounce here. Maybe this support"}, {"start": "00:15:56", "end": "00:16:01", "text": "levels enough. We'll bounce off that at"}, {"start": "00:15:59", "end": "00:16:03", "text": "858. But this is probably a more"}, {"start": "00:16:01", "end": "00:16:05", "text": "relevant support area down here around"}, {"start": "00:16:03", "end": "00:16:07", "text": "645. I mean, the real support area is"}, {"start": "00:16:05", "end": "00:16:10", "text": "down here at 475, but we don't want to"}, {"start": "00:16:07", "end": "00:16:12", "text": "talk about that yet, do we? Anyway,"}, {"start": "00:16:10", "end": "00:16:15", "text": "potential shorts opening up here for"}, {"start": "00:16:12", "end": "00:16:17", "text": "Micron, especially if we see a little"}, {"start": "00:16:15", "end": "00:16:19", "text": "more stress and profit taking in the uh"}, {"start": "00:16:17", "end": "00:16:21", "text": "memory sector."}, {"start": "00:16:19", "end": "00:16:22", "text": "Be some juicy longs if we get down"}, {"start": "00:16:21", "end": "00:16:24", "text": "there, too, because I don't think"}, {"start": "00:16:22", "end": "00:16:28", "text": "Micron's done."}, {"start": "00:16:24", "end": "00:16:30", "text": "Justin needs a correction. Cerebras ah"}, {"start": "00:16:28", "end": "00:16:32", "text": "my bag's underwater. Three rejections so"}, {"start": "00:16:30", "end": "00:16:35", "text": "far at the 20-day EMA. It is in a"}, {"start": "00:16:32", "end": "00:16:37", "text": "downtrend. In a downtrending market,"}, {"start": "00:16:35", "end": "00:16:40", "text": "20-day EMA acts as an area of price"}, {"start": "00:16:37", "end": "00:16:41", "text": "resistance, an area of price rejection,"}, {"start": "00:16:40", "end": "00:16:46", "text": "and a place to potentially open shorts"}, {"start": "00:16:41", "end": "00:16:48", "text": "or well to not buy. Lark lark, come on."}, {"start": "00:16:46", "end": "00:16:49", "text": "Jeez Louise. Anyway, Cerebras, I think,"}, {"start": "00:16:48", "end": "00:16:51", "text": "is one of those ones that will"}, {"start": "00:16:49", "end": "00:16:53", "text": "definitely pop back later. I'll continue"}, {"start": "00:16:51", "end": "00:16:55", "text": "dcaing a little bit into this. Seras"}, {"start": "00:16:53", "end": "00:16:56", "text": "have got a position. It's very small,"}, {"start": "00:16:55", "end": "00:16:57", "text": "very small position. And it's one of"}, {"start": "00:16:56", "end": "00:16:59", "text": "those ones like I'm going to buy a bit,"}, {"start": "00:16:57", "end": "00:17:02", "text": "be interested, put a little more bit of"}, {"start": "00:16:59", "end": "00:17:05", "text": "money in. And if we keep getting"}, {"start": "00:17:02", "end": "00:17:06", "text": "discounted prices, let's say, or general"}, {"start": "00:17:05", "end": "00:17:08", "text": "weakness from the stock, I think it's"}, {"start": "00:17:06", "end": "00:17:11", "text": "worth for me personally to keep adding"}, {"start": "00:17:08", "end": "00:17:14", "text": "uh into that. Space X has finally hit"}, {"start": "00:17:11", "end": "00:17:18", "text": "IPO price."}, {"start": "00:17:14", "end": "00:17:21", "text": "Now, it's worth keeping in mind that"}, {"start": "00:17:18", "end": "00:17:24", "text": "IPO stocks can see 50 to 70% draw downs"}, {"start": "00:17:21", "end": "00:17:26", "text": "from their IPO price during year one."}, {"start": "00:17:24", "end": "00:17:28", "text": "And we still have a huge amount of tok"}, {"start": "00:17:26", "end": "00:17:30", "text": "especially token unlocks of stock"}, {"start": "00:17:28", "end": "00:17:32", "text": "unlocks for SpaceX in particular. SpaceX"}, {"start": "00:17:30", "end": "00:17:34", "text": "cool company I would like to own it but"}, {"start": "00:17:32", "end": "00:17:35", "text": "I don't want to own it at $135. I sure"}, {"start": "00:17:34", "end": "00:17:37", "text": "as hell do I not want to own it at 230"}, {"start": "00:17:35", "end": "00:17:38", "text": "bucks and it's basically playing out"}, {"start": "00:17:37", "end": "00:17:40", "text": "exactly as we thought it was. Initial"}, {"start": "00:17:38", "end": "00:17:42", "text": "pump off the hype and then the reality"}, {"start": "00:17:40", "end": "00:17:44", "text": "hits and people start selling and we"}, {"start": "00:17:42", "end": "00:17:45", "text": "still have I think the first unlock's"}, {"start": "00:17:44", "end": "00:17:47", "text": "not even till August 8th. We haven't"}, {"start": "00:17:45", "end": "00:17:49", "text": "haven't even had the first unlock yet,"}, {"start": "00:17:47", "end": "00:17:50", "text": "man. Oh, there's going to be so much"}, {"start": "00:17:49", "end": "00:17:51", "text": "stock flooding the market of early"}, {"start": "00:17:50", "end": "00:17:54", "text": "investors who are going to be up"}, {"start": "00:17:51", "end": "00:17:55", "text": "massively and they're going to sell"}, {"start": "00:17:54", "end": "00:17:58", "text": "because even if they sell at 50 bucks or"}, {"start": "00:17:55", "end": "00:17:59", "text": "100 bucks, they're up. These guys bought"}, {"start": "00:17:58", "end": "00:18:02", "text": "it for a dollar for 50 cents on the"}, {"start": "00:17:59", "end": "00:18:04", "text": "private market years ago. You if it was"}, {"start": "00:18:02", "end": "00:18:06", "text": "you, you wouldn't lock on a 100 or 200x"}, {"start": "00:18:04", "end": "00:18:09", "text": "gain. Of course you would."}, {"start": "00:18:06", "end": "00:18:10", "text": "Anyway,"}, {"start": "00:18:09", "end": "00:18:12", "text": "still interested, still watching the"}, {"start": "00:18:10", "end": "00:18:15", "text": "chart, just not buying yet. You're"}, {"start": "00:18:12", "end": "00:18:15", "text": "awesome. Thanks for watching. Bye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "While everybody and their mom has talked"}, {"start": "00:00:01", "end": "00:00:06", "text": "about Bitcoin ETF flows, something"}, {"start": "00:00:03", "end": "00:00:08", "text": "quietly bullish is happening in XRP"}, {"start": "00:00:06", "end": "00:00:11", "text": ">> that almost nobody's covering."}, {"start": "00:00:08", "end": "00:00:13", "text": ">> Bitcoin ETFs bled hundreds of millions,"}, {"start": "00:00:11", "end": "00:00:16", "text": "billions in outflows over recent weeks,"}, {"start": "00:00:13", "end": "00:00:18", "text": "but XRP ETFs recorded net inflows on the"}, {"start": "00:00:16", "end": "00:00:21", "text": "same days. Single sessions hitting as"}, {"start": "00:00:18", "end": "00:00:23", "text": "much as $6.5 million positive. June"}, {"start": "00:00:21", "end": "00:00:25", "text": "totals around $59, [music] $60 million."}, {"start": "00:00:23", "end": "00:00:28", "text": "Cumulative inflows since launch now"}, {"start": "00:00:25", "end": "00:00:30", "text": "sitting at $1.49 billion. Over 970"}, {"start": "00:00:28", "end": "00:00:33", "text": "million XRP now locked up inside the"}, {"start": "00:00:30", "end": "00:00:35", "text": "seven US spot XRP ETFs. Now Santiment, a"}, {"start": "00:00:33", "end": "00:00:37", "text": "research firm, flagged this as a bullish"}, {"start": "00:00:35", "end": "00:00:39", "text": "divergence. Capital rotating into XRP"}, {"start": "00:00:37", "end": "00:00:41", "text": "and Solana while Bitcoin and Ethereum"}, {"start": "00:00:39", "end": "00:00:42", "text": "ETFs were bleeding out. Not necessarily"}, {"start": "00:00:41", "end": "00:00:44", "text": "random noise, perhaps it's signal. It's"}, {"start": "00:00:42", "end": "00:00:45", "text": "deliberate positioning and a shift by"}, {"start": "00:00:44", "end": "00:00:47", "text": "people who know exactly what they're"}, {"start": "00:00:45", "end": "00:00:48", "text": "doing. Divergences like this at"}, {"start": "00:00:47", "end": "00:00:50", "text": "potential bottoms have historically been"}, {"start": "00:00:48", "end": "00:00:51", "text": "early signs of rotation. [music] The"}, {"start": "00:00:50", "end": "00:00:53", "text": "question is whether this is smart money"}, {"start": "00:00:51", "end": "00:00:55", "text": "positioning ahead of a move or just"}, {"start": "00:00:53", "end": "00:00:59", "text": "short-term flows. The data says keep an"}, {"start": "00:00:55", "end": "00:00:59", "text": "eye on XRP. Follow me for daily updates."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "This sounds like a movie plot, but it's"}, {"start": "00:00:01", "end": "00:00:06", "text": "not. This is a vault buried inside a"}, {"start": "00:00:04", "end": "00:00:08", "text": "secret nuclear bunker in the Swiss Alps"}, {"start": "00:00:06", "end": "00:00:10", "text": "protecting a very significant amount of"}, {"start": "00:00:08", "end": "00:00:12", "text": "Bitcoin. Under a mountain, massive"}, {"start": "00:00:10", "end": "00:00:14", "text": "[music] vault doors, armed security"}, {"start": "00:00:12", "end": "00:00:16", "text": "teams, retina scans, redundancy systems"}, {"start": "00:00:14", "end": "00:00:18", "text": "so sophisticated that a successful"}, {"start": "00:00:16", "end": "00:00:20", "text": "attack is considered nearly impossible."}, {"start": "00:00:18", "end": "00:00:22", "text": "The bunkers alone cost millions of"}, {"start": "00:00:20", "end": "00:00:23", "text": "dollars annually to operate. No expense"}, {"start": "00:00:22", "end": "00:00:25", "text": "has been spared. But, here's why this"}, {"start": "00:00:23", "end": "00:00:27", "text": "matters beyond the spectacle. The people"}, {"start": "00:00:25", "end": "00:00:29", "text": "with the most to lose are taking Bitcoin"}, {"start": "00:00:27", "end": "00:00:30", "text": "custody more seriously than most"}, {"start": "00:00:29", "end": "00:00:31", "text": "governments take their own gold"}, {"start": "00:00:30", "end": "00:00:32", "text": "reserves. When that level of"}, {"start": "00:00:31", "end": "00:00:34", "text": "institutional grade security"}, {"start": "00:00:32", "end": "00:00:35", "text": "infrastructure gets [music] built around"}, {"start": "00:00:34", "end": "00:00:37", "text": "an asset, it tells you something about"}, {"start": "00:00:35", "end": "00:00:38", "text": "how seriously the smartest and"}, {"start": "00:00:37", "end": "00:00:40", "text": "wealthiest people on Earth are treating"}, {"start": "00:00:38", "end": "00:00:41", "text": "it. And this is not speculative money."}, {"start": "00:00:40", "end": "00:00:42", "text": "This is generational wealth [music]"}, {"start": "00:00:41", "end": "00:00:44", "text": "being stored in the most secured"}, {"start": "00:00:42", "end": "00:00:47", "text": "environment that money can build. And"}, {"start": "00:00:44", "end": "00:00:49", "text": "the guys at Bitcoin bank, Xapo, are the"}, {"start": "00:00:47", "end": "00:00:50", "text": "ones who are running this vault. And"}, {"start": "00:00:49", "end": "00:00:52", "text": "[music] if you want to keep your Bitcoin"}, {"start": "00:00:50", "end": "00:00:54", "text": "in this Bitcoin bank, you'll get $500 in"}, {"start": "00:00:52", "end": "00:00:56", "text": "Bitcoin when you open up your Xapo"}, {"start": "00:00:54", "end": "00:01:00", "text": "account [music] exclusively using the"}, {"start": "00:00:56", "end": "00:01:00", "text": "link down below. Thank you."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Bitcoin traders, go to aggressively"}, {"start": "00:00:02", "end": "00:00:05", "text": "long, baby."}, {"start": "00:00:04", "end": "00:00:07", "text": "Signal or noise? We got that to discuss"}, {"start": "00:00:05", "end": "00:00:09", "text": "with you today."}, {"start": "00:00:07", "end": "00:00:11", "text": "Looking at the Ethereum double bottom."}, {"start": "00:00:09", "end": "00:00:13", "text": "We've got the latest news from Kevin"}, {"start": "00:00:11", "end": "00:00:15", "text": "O'Leary, K Dog himself. We got the"}, {"start": "00:00:13", "end": "00:00:17", "text": "latest inflation news. We got Robinhood"}, {"start": "00:00:15", "end": "00:00:19", "text": "chain cooling off. We got stock up."}, {"start": "00:00:17", "end": "00:00:20", "text": "Gosh, we got so much to get into, man."}, {"start": "00:00:19", "end": "00:00:22", "text": "It's going to be a good show. We better"}, {"start": "00:00:20", "end": "00:00:23", "text": "get the heck straight into it. First and"}, {"start": "00:00:22", "end": "00:00:24", "text": "foremost,"}, {"start": "00:00:23", "end": "00:00:26", "text": "hyper-liquid's top traders are more"}, {"start": "00:00:24", "end": "00:00:29", "text": "aggressively long BTC than during its"}, {"start": "00:00:26", "end": "00:00:32", "text": "run-up to 83K. Now, these are the same"}, {"start": "00:00:29", "end": "00:00:35", "text": "guys who went long from 60K BTC up to"}, {"start": "00:00:32", "end": "00:00:37", "text": "83K BTC."}, {"start": "00:00:35", "end": "00:00:39", "text": "These same traders,"}, {"start": "00:00:37", "end": "00:00:43", "text": "crowd knowledge of the trader crowd,"}, {"start": "00:00:39", "end": "00:00:45", "text": "these same guys are going super long BTC"}, {"start": "00:00:43", "end": "00:00:46", "text": "right now. Does that guarantee that"}, {"start": "00:00:45", "end": "00:00:47", "text": "they're going to be right? No, I don't"}, {"start": "00:00:46", "end": "00:00:49", "text": "know. Some crazy [�__�] can happen. These"}, {"start": "00:00:47", "end": "00:00:51", "text": "guys can all get washed out. That's how"}, {"start": "00:00:49", "end": "00:00:52", "text": "trading works. But, the fact that a lot"}, {"start": "00:00:51", "end": "00:00:54", "text": "of these guys are looking at the charts"}, {"start": "00:00:52", "end": "00:00:55", "text": "right now, looking at the signals right"}, {"start": "00:00:54", "end": "00:00:57", "text": "now, and saying, \"It is a damn good time"}, {"start": "00:00:55", "end": "00:00:59", "text": "to be long Bitcoin.\""}, {"start": "00:00:57", "end": "00:01:02", "text": "That in itself, I think, has signal"}, {"start": "00:00:59", "end": "00:01:06", "text": "worth paying attention to."}, {"start": "00:01:02", "end": "00:01:09", "text": "ETF flows. Bitcoin and ETH ETF flows saw"}, {"start": "00:01:06", "end": "00:01:10", "text": "net inflows. Good. Good, not outflows."}, {"start": "00:01:09", "end": "00:01:12", "text": "Now, if you remember on the 13th of"}, {"start": "00:01:10", "end": "00:01:15", "text": "July, we had about $400 million"}, {"start": "00:01:12", "end": "00:01:18", "text": "of Bitcoin net outflows. That was the"}, {"start": "00:01:15", "end": "00:01:19", "text": "start of the week. 180 million inflows"}, {"start": "00:01:18", "end": "00:01:21", "text": "yesterday, so the week is still"}, {"start": "00:01:19", "end": "00:01:22", "text": "negative."}, {"start": "00:01:21", "end": "00:01:24", "text": "But,"}, {"start": "00:01:22", "end": "00:01:26", "text": "this is good."}, {"start": "00:01:24", "end": "00:01:28", "text": "I think, overall, we're seeing chop in"}, {"start": "00:01:26", "end": "00:01:30", "text": "the ETF flows. Some days in, some days"}, {"start": "00:01:28", "end": "00:01:32", "text": "out, which"}, {"start": "00:01:30", "end": "00:01:34", "text": "after our record month in June, where we"}, {"start": "00:01:32", "end": "00:01:38", "text": "had record streak of single days of"}, {"start": "00:01:34", "end": "00:01:40", "text": "outflows, plus a record outflow month,"}, {"start": "00:01:38", "end": "00:01:43", "text": "the fact that we're now seeing positive"}, {"start": "00:01:40", "end": "00:01:44", "text": "inflow days is extremely positive."}, {"start": "00:01:43", "end": "00:01:46", "text": "And the fact that we've seen multiple of"}, {"start": "00:01:44", "end": "00:01:49", "text": "these days, even if we had some big"}, {"start": "00:01:46", "end": "00:01:50", "text": "outflow days, still is showing that"}, {"start": "00:01:49", "end": "00:01:52", "text": "interest is starting to come back into"}, {"start": "00:01:50", "end": "00:01:53", "text": "BTC. People are starting to bid again,"}, {"start": "00:01:52", "end": "00:01:55", "text": "whether it's Wall Street institutions or"}, {"start": "00:01:53", "end": "00:01:56", "text": "just retail traders buying ETFs. People"}, {"start": "00:01:55", "end": "00:01:59", "text": "are looking at the current price of"}, {"start": "00:01:56", "end": "00:02:00", "text": "Bitcoin, saying, I like it. I'm going to"}, {"start": "00:01:59", "end": "00:02:02", "text": "buy it."}, {"start": "00:02:00", "end": "00:02:04", "text": "Same way that"}, {"start": "00:02:02", "end": "00:02:07", "text": "Hyperliquid's biggest traders, the same"}, {"start": "00:02:04", "end": "00:02:10", "text": "guys who nailed the 60 to 83k move are"}, {"start": "00:02:07", "end": "00:02:12", "text": "now saying, I like BTC, I'm going long."}, {"start": "00:02:10", "end": "00:02:13", "text": "Interesting."}, {"start": "00:02:12", "end": "00:02:15", "text": "Bitcoin's long-term holder dominance"}, {"start": "00:02:13", "end": "00:02:16", "text": "ratio is at a 30-month high signaling"}, {"start": "00:02:15", "end": "00:02:18", "text": "gravity accumulation. Now, if you look"}, {"start": "00:02:16", "end": "00:02:22", "text": "at this chart, you can see this insane"}, {"start": "00:02:18", "end": "00:02:24", "text": "peak right here lines up with big peaks"}, {"start": "00:02:22", "end": "00:02:26", "text": "that came before big moves. For example,"}, {"start": "00:02:24", "end": "00:02:27", "text": "here, for example here."}, {"start": "00:02:26", "end": "00:02:29", "text": "For example, this actually marked the"}, {"start": "00:02:27", "end": "00:02:31", "text": "bottom of 2018 bear market. You can see"}, {"start": "00:02:29", "end": "00:02:33", "text": "the big ramp up before the big move here"}, {"start": "00:02:31", "end": "00:02:34", "text": "in 2021."}, {"start": "00:02:33", "end": "00:02:37", "text": "Interesting. We're going to put that in"}, {"start": "00:02:34", "end": "00:02:40", "text": "the interesting category. Bitcoin"}, {"start": "00:02:37", "end": "00:02:42", "text": "came up to tag the 50-day EMA, hit 65k,"}, {"start": "00:02:40", "end": "00:02:44", "text": "which means that my Bitcoin take profit"}, {"start": "00:02:42", "end": "00:02:45", "text": "order has successfully executed. Good"}, {"start": "00:02:44", "end": "00:02:47", "text": "[�__�]"}, {"start": "00:02:45", "end": "00:02:50", "text": "Breaking that down for you in a second."}, {"start": "00:02:47", "end": "00:02:53", "text": "This becomes the next challenge point"}, {"start": "00:02:50", "end": "00:02:55", "text": "for BTC. Break above and stay above the"}, {"start": "00:02:53", "end": "00:02:56", "text": "50-day EMA, blue line on the chart right"}, {"start": "00:02:55", "end": "00:02:58", "text": "here."}, {"start": "00:02:56", "end": "00:03:00", "text": "So, I will consider going long on BTC"}, {"start": "00:02:58", "end": "00:03:02", "text": "again on a breakout and retest of the"}, {"start": "00:03:00", "end": "00:03:05", "text": "50-day EMA. I'm happy with the profits"}, {"start": "00:03:02", "end": "00:03:06", "text": "that I got off the trade. All good for"}, {"start": "00:03:05", "end": "00:03:08", "text": "now. We'll look for the next trade on"}, {"start": "00:03:06", "end": "00:03:11", "text": "BTC."}, {"start": "00:03:08", "end": "00:03:12", "text": "Currently, I'm not going short on BTC. I"}, {"start": "00:03:11", "end": "00:03:13", "text": "think there's enough building up to say"}, {"start": "00:03:12", "end": "00:03:15", "text": "that we could break through the 50-day"}, {"start": "00:03:13", "end": "00:03:16", "text": "EMA, but I'm in a watch and wait mode."}, {"start": "00:03:15", "end": "00:03:19", "text": "If we pull back significantly and I see"}, {"start": "00:03:16", "end": "00:03:21", "text": "a new opportunity open up for a long"}, {"start": "00:03:19", "end": "00:03:22", "text": "trade, interesting."}, {"start": "00:03:21", "end": "00:03:23", "text": "But, I don't know where it's going to go"}, {"start": "00:03:22", "end": "00:03:24", "text": "right now. I don't have a strong feeling"}, {"start": "00:03:23", "end": "00:03:25", "text": "about it one way or the other. So, I'm"}, {"start": "00:03:24", "end": "00:03:27", "text": "going to stay out of the trade right"}, {"start": "00:03:25", "end": "00:03:29", "text": "now, which is fine."}, {"start": "00:03:27", "end": "00:03:30", "text": "Obviously, we all want to see a break"}, {"start": "00:03:29", "end": "00:03:33", "text": "above the 50-day EMA with some kind of"}, {"start": "00:03:30", "end": "00:03:34", "text": "conviction. That would be fantastic."}, {"start": "00:03:33", "end": "00:03:36", "text": "Let's watch, wait, and see."}, {"start": "00:03:34", "end": "00:03:38", "text": "Want to get the 20-day EMA pulled back"}, {"start": "00:03:36", "end": "00:03:42", "text": "above the 50, and really, the target up"}, {"start": "00:03:38", "end": "00:03:45", "text": "here at $74,000, the 200-day EMA."}, {"start": "00:03:42", "end": "00:03:48", "text": "That is the big daddy, the bad boy."}, {"start": "00:03:45", "end": "00:03:51", "text": "We need to rally not only up to 74k, but"}, {"start": "00:03:48", "end": "00:03:52", "text": "to decisively get over it, which is"}, {"start": "00:03:51", "end": "00:03:54", "text": "something that we have not been over for"}, {"start": "00:03:52", "end": "00:03:56", "text": "a very, very long time now. I remember"}, {"start": "00:03:54", "end": "00:03:59", "text": "back when we got to 83k,"}, {"start": "00:03:56", "end": "00:04:01", "text": "very strong rejection, very, very strong"}, {"start": "00:03:59", "end": "00:04:02", "text": "rejection at that level."}, {"start": "00:04:01", "end": "00:04:04", "text": "The 200-day EMA is an incredibly"}, {"start": "00:04:02", "end": "00:04:06", "text": "important line."}, {"start": "00:04:04", "end": "00:04:08", "text": "If we get above it on any future rally,"}, {"start": "00:04:06", "end": "00:04:10", "text": "that probably signals that we are back,"}, {"start": "00:04:08", "end": "00:04:14", "text": "baby, but"}, {"start": "00:04:10", "end": "00:04:16", "text": "trading this far below the 200-day EMA"}, {"start": "00:04:14", "end": "00:04:17", "text": "is not a we're so back kind of moment,"}, {"start": "00:04:16", "end": "00:04:18", "text": "but"}, {"start": "00:04:17", "end": "00:04:21", "text": "nice trade nevertheless on the short"}, {"start": "00:04:18", "end": "00:04:25", "text": "term. Ethereum"}, {"start": "00:04:21", "end": "00:04:26", "text": "double bottom pattern trade open."}, {"start": "00:04:25", "end": "00:04:28", "text": "Now, I've been long on ETH since about"}, {"start": "00:04:26", "end": "00:04:29", "text": "1750. I shared that with you guys here,"}, {"start": "00:04:28", "end": "00:04:32", "text": "right about"}, {"start": "00:04:29", "end": "00:04:34", "text": "over on this candle here."}, {"start": "00:04:32", "end": "00:04:39", "text": "Two lines drawn on top here. So, whether"}, {"start": "00:04:34", "end": "00:04:39", "text": "you want to measure this here from"}, {"start": "00:04:39", "end": "00:04:44", "text": "the candle closes or from the wicks is"}, {"start": "00:04:41", "end": "00:04:47", "text": "going to significantly alter your"}, {"start": "00:04:44", "end": "00:04:50", "text": "overall takeaway on the take profit"}, {"start": "00:04:47", "end": "00:04:52", "text": "target for this trade. Cuz you're"}, {"start": "00:04:50", "end": "00:04:53", "text": "measuring from the wicks gives you a"}, {"start": "00:04:52", "end": "00:04:56", "text": "little bit more room"}, {"start": "00:04:53", "end": "00:04:57", "text": "to play here. It's actually from 1500"}, {"start": "00:04:56", "end": "00:05:01", "text": "all the way up to"}, {"start": "00:04:57", "end": "00:05:03", "text": "1830. So, it's about a $350 price target"}, {"start": "00:05:01", "end": "00:05:06", "text": "breakout. Whereas, if you measure it"}, {"start": "00:05:03", "end": "00:05:10", "text": "from just the candle closes, it's a much"}, {"start": "00:05:06", "end": "00:05:13", "text": "more modest about $250 target. So, I'm a"}, {"start": "00:05:10", "end": "00:05:14", "text": "candle wick guy myself personally here."}, {"start": "00:05:13", "end": "00:05:17", "text": "So,"}, {"start": "00:05:14", "end": "00:05:20", "text": "the trade target here is around $2100 to"}, {"start": "00:05:17", "end": "00:05:22", "text": "$2200, which also brings us into the"}, {"start": "00:05:20", "end": "00:05:24", "text": "200-day EMA for ETH, which becomes a"}, {"start": "00:05:22", "end": "00:05:26", "text": "reasonable target based off the double"}, {"start": "00:05:24", "end": "00:05:29", "text": "bottom pattern that's playing out and"}, {"start": "00:05:26", "end": "00:05:32", "text": "the of course impending area of price"}, {"start": "00:05:29", "end": "00:05:34", "text": "resistance up here at the 200-day EMA."}, {"start": "00:05:32", "end": "00:05:36", "text": "My current price target on this is"}, {"start": "00:05:34", "end": "00:05:38", "text": "$2100."}, {"start": "00:05:36", "end": "00:05:41", "text": "What we want to see now is the price to"}, {"start": "00:05:38", "end": "00:05:43", "text": "stay above the 50-day EMA. That's at"}, {"start": "00:05:41", "end": "00:05:44", "text": "1800 bucks."}, {"start": "00:05:43", "end": "00:05:46", "text": "Pullbacks to these lines, whatever, it's"}, {"start": "00:05:44", "end": "00:05:50", "text": "all cool as long as we stay above the"}, {"start": "00:05:46", "end": "00:05:52", "text": "50-day EMA, I think this remains a valid"}, {"start": "00:05:50", "end": "00:05:54", "text": "chart pattern to keep an eye on."}, {"start": "00:05:52", "end": "00:05:56", "text": "Now, of course, we got the Bitcoin long,"}, {"start": "00:05:54", "end": "00:05:58", "text": "which has successfully hit the take"}, {"start": "00:05:56", "end": "00:06:00", "text": "profit target. That's always nice to"}, {"start": "00:05:58", "end": "00:06:02", "text": "see. Count up them dollar-oonies. Let's"}, {"start": "00:06:00", "end": "00:06:04", "text": "go. Now, we still have multiple open"}, {"start": "00:06:02", "end": "00:06:06", "text": "positions here. We have a Solana trade,"}, {"start": "00:06:04", "end": "00:06:08", "text": "which is not doing very much currently,"}, {"start": "00:06:06", "end": "00:06:09", "text": "unfortunately. Ugh. We have an Ethereum"}, {"start": "00:06:08", "end": "00:06:11", "text": "trade that's currently sitting at very"}, {"start": "00:06:09", "end": "00:06:13", "text": "nice profits."}, {"start": "00:06:11", "end": "00:06:17", "text": "Again, the entry here is 1750. Current"}, {"start": "00:06:13", "end": "00:06:19", "text": "price 1879. The target on this is again"}, {"start": "00:06:17", "end": "00:06:20", "text": "$2100."}, {"start": "00:06:19", "end": "00:06:22", "text": "Maybe I should move it up to 2200, but I"}, {"start": "00:06:20", "end": "00:06:24", "text": "feel like 2100, you know what? It's"}, {"start": "00:06:22", "end": "00:06:26", "text": "close enough to the 20-day EMA."}, {"start": "00:06:24", "end": "00:06:28", "text": "It's closer to the breakout target. I"}, {"start": "00:06:26", "end": "00:06:30", "text": "feel like recently those breakout"}, {"start": "00:06:28", "end": "00:06:31", "text": "targets for these sort of chart patterns"}, {"start": "00:06:30", "end": "00:06:32", "text": "have just fallen like a little bit short"}, {"start": "00:06:31", "end": "00:06:34", "text": "each time because we are still in a bear"}, {"start": "00:06:32", "end": "00:06:37", "text": "market. So, that'll be my target there"}, {"start": "00:06:34", "end": "00:06:41", "text": "for that. Uniswap trade, 20 $30"}, {"start": "00:06:37", "end": "00:06:41", "text": "unrealized profit and loss. Let's go."}, {"start": "00:06:42", "end": "00:06:45", "text": "I still think there's a valid trade"}, {"start": "00:06:43", "end": "00:06:47", "text": "here, but uh definitely a little bit of"}, {"start": "00:06:45", "end": "00:06:48", "text": "momentum is fading on Uni right now"}, {"start": "00:06:47", "end": "00:06:50", "text": "because Robinhood momentum is fading a"}, {"start": "00:06:48", "end": "00:06:51", "text": "little bit. We'll got more on that story"}, {"start": "00:06:50", "end": "00:06:52", "text": "for you in a second. But, I join me in"}, {"start": "00:06:51", "end": "00:06:54", "text": "trading over on Bitget. You know, cuz"}, {"start": "00:06:52", "end": "00:06:56", "text": "there is a link right down below."}, {"start": "00:06:54", "end": "00:06:57", "text": "You can trade stocks, Nvidia, Tesla."}, {"start": "00:06:56", "end": "00:06:58", "text": "They got all the big [�__�] You can trade"}, {"start": "00:06:57", "end": "00:06:59", "text": "gold, silver. They got the metals for"}, {"start": "00:06:58", "end": "00:07:01", "text": "you. And, of course, you can trade your"}, {"start": "00:06:59", "end": "00:07:03", "text": "favorite crypto coins. Bitcoin,"}, {"start": "00:07:01", "end": "00:07:04", "text": "Ethereum, Solana, random dog and cat"}, {"start": "00:07:03", "end": "00:07:06", "text": "coins. Whatever you want to trade, man."}, {"start": "00:07:04", "end": "00:07:08", "text": "It's up to you. Available to anyone,"}, {"start": "00:07:06", "end": "00:07:12", "text": "anywhere. Link down below. When you"}, {"start": "00:07:08", "end": "00:07:13", "text": "click on that link, deposit USDT."}, {"start": "00:07:12", "end": "00:07:14", "text": "Make a trade, you'll be in to win 1,000"}, {"start": "00:07:13", "end": "00:07:15", "text": "bucks. Give away 1,000 bucks today."}, {"start": "00:07:14", "end": "00:07:16", "text": "That's what we give away 1,000 bucks on"}, {"start": "00:07:15", "end": "00:07:18", "text": "Monday. We're going to give away 1,000"}, {"start": "00:07:16", "end": "00:07:19", "text": "bucks today. You could be that lucky"}, {"start": "00:07:18", "end": "00:07:20", "text": "winner. We're going to find out in just"}, {"start": "00:07:19", "end": "00:07:22", "text": "a second."}, {"start": "00:07:20", "end": "00:07:24", "text": "Let's go ahead and click draw. By the"}, {"start": "00:07:22", "end": "00:07:25", "text": "way, you also should definitely consider"}, {"start": "00:07:24", "end": "00:07:28", "text": "joining the inner circle. This is our"}, {"start": "00:07:25", "end": "00:07:30", "text": "private investment and trading group."}, {"start": "00:07:28", "end": "00:07:32", "text": "We're doing regular reports, weekly"}, {"start": "00:07:30", "end": "00:07:34", "text": "reports on hot tech stocks, weekly"}, {"start": "00:07:32", "end": "00:07:36", "text": "report on hot altcoins, trades of the"}, {"start": "00:07:34", "end": "00:07:38", "text": "day, long and short positions on crypto,"}, {"start": "00:07:36", "end": "00:07:40", "text": "metals, and stocks,"}, {"start": "00:07:38", "end": "00:07:41", "text": "weekly deep dive trade reports, and"}, {"start": "00:07:40", "end": "00:07:45", "text": "much, much more. All right, I told you"}, {"start": "00:07:41", "end": "00:07:47", "text": "this nuts. s t e at gmail.com. You want"}, {"start": "00:07:45", "end": "00:07:48", "text": "a thousand bucks, congratulations. By"}, {"start": "00:07:47", "end": "00:07:51", "text": "the way, if you join the inner circle,"}, {"start": "00:07:48", "end": "00:07:53", "text": "you'll get 7-day free trial and"}, {"start": "00:07:51", "end": "00:07:54", "text": "$80 a month back from the guys at Bit"}, {"start": "00:07:53", "end": "00:07:56", "text": "You Bit Unix a month. That's pretty"}, {"start": "00:07:54", "end": "00:07:57", "text": "good."}, {"start": "00:07:56", "end": "00:08:00", "text": "Pretty good. 20 bucks a week."}, {"start": "00:07:57", "end": "00:08:02", "text": "Link down below for both of those. Check"}, {"start": "00:08:00", "end": "00:08:04", "text": "it out. Okay."}, {"start": "00:08:02", "end": "00:08:06", "text": "Continuing."}, {"start": "00:08:04", "end": "00:08:08", "text": "K Dog Warsh himself. He says, \"We are"}, {"start": "00:08:06", "end": "00:08:10", "text": "not bail out anybody including crypto."}, {"start": "00:08:08", "end": "00:08:12", "text": "Crypto's not going to get a bailout like"}, {"start": "00:08:10", "end": "00:08:15", "text": "the banks did. No!\""}, {"start": "00:08:12", "end": "00:08:17", "text": "Uh what's interesting about this is that"}, {"start": "00:08:15", "end": "00:08:19", "text": "look at a look at little crypto man. We"}, {"start": "00:08:17", "end": "00:08:21", "text": "are at the highest levels of power."}, {"start": "00:08:19", "end": "00:08:22", "text": "Congressional hearing for the Fed chair"}, {"start": "00:08:21", "end": "00:08:23", "text": "and they're like, \"You're going to bail"}, {"start": "00:08:22", "end": "00:08:25", "text": "out crypto.\" He's like, \"No, we're not"}, {"start": "00:08:23", "end": "00:08:27", "text": "bail out anybody including crypto.\""}, {"start": "00:08:25", "end": "00:08:30", "text": "They're talking about us, guys. They're"}, {"start": "00:08:27", "end": "00:08:31", "text": "talking about us. Good stuff."}, {"start": "00:08:30", "end": "00:08:33", "text": "Our crypto talk posted this. Robinhood"}, {"start": "00:08:31", "end": "00:08:36", "text": "versus Salon DEX volume share in last 24"}, {"start": "00:08:33", "end": "00:08:38", "text": "hours. Salon at 23%, Robinhood 19%. Man,"}, {"start": "00:08:36", "end": "00:08:40", "text": "it's insane. It is insane. Look at that."}, {"start": "00:08:38", "end": "00:08:42", "text": "Robinhood came out of nowhere and it's"}, {"start": "00:08:40", "end": "00:08:45", "text": "already taking 20%"}, {"start": "00:08:42", "end": "00:08:46", "text": "of the 24-hour spot decentralized"}, {"start": "00:08:45", "end": "00:08:48", "text": "exchange volume."}, {"start": "00:08:46", "end": "00:08:50", "text": "That is"}, {"start": "00:08:48", "end": "00:08:52", "text": "crazy. Now, Hyperliquid is down here at"}, {"start": "00:08:50", "end": "00:08:53", "text": "3.4% cuz Hyperliquid is primarily a perp"}, {"start": "00:08:52", "end": "00:08:54", "text": "DEX."}, {"start": "00:08:53", "end": "00:08:57", "text": "People trade spot there, too, but it's"}, {"start": "00:08:54", "end": "00:08:59", "text": "not known as a spot exchange. It's a"}, {"start": "00:08:57", "end": "00:09:01", "text": "perpetual swaps exchange, so that will"}, {"start": "00:08:59", "end": "00:09:03", "text": "be a much higher position. Just FYI. But"}, {"start": "00:09:01", "end": "00:09:05", "text": "anyway,"}, {"start": "00:09:03", "end": "00:09:08", "text": "Polygon BSC Look at this. Even Base."}, {"start": "00:09:05", "end": "00:09:10", "text": "Base. Oh, man."}, {"start": "00:09:08", "end": "00:09:12", "text": "Feels old now."}, {"start": "00:09:10", "end": "00:09:14", "text": "Ethereum. Crazy. Salon is still remains"}, {"start": "00:09:12", "end": "00:09:17", "text": "dominant. Robinhood, man, the story of"}, {"start": "00:09:14", "end": "00:09:19", "text": "the town, isn't it? Salon here once"}, {"start": "00:09:17", "end": "00:09:21", "text": "again sitting just at the gosh darn"}, {"start": "00:09:19", "end": "00:09:23", "text": "50-day EMA. Come on, man. Now, what I do"}, {"start": "00:09:21", "end": "00:09:24", "text": "like about the current structure is that"}, {"start": "00:09:23", "end": "00:09:27", "text": "it is playing out that we've had, of"}, {"start": "00:09:24", "end": "00:09:28", "text": "course, the breakout. We had our first"}, {"start": "00:09:27", "end": "00:09:32", "text": "higher high,"}, {"start": "00:09:28", "end": "00:09:33", "text": "higher low, higher high,"}, {"start": "00:09:32", "end": "00:09:34", "text": "higher low."}, {"start": "00:09:33", "end": "00:09:36", "text": "I want to see it stay above the 20 and"}, {"start": "00:09:34", "end": "00:09:38", "text": "50-day EMAs. That would be nice to see"}, {"start": "00:09:36", "end": "00:09:39", "text": "whether or not that's how things play"}, {"start": "00:09:38", "end": "00:09:40", "text": "out. Well, I guess we're going to find"}, {"start": "00:09:39", "end": "00:09:43", "text": "out the few days. I am currently long on"}, {"start": "00:09:40", "end": "00:09:44", "text": "Solana based on that exact thesis. Let's"}, {"start": "00:09:43", "end": "00:09:46", "text": "see what happens."}, {"start": "00:09:44", "end": "00:09:48", "text": "Cash Cat, they took the cat back out and"}, {"start": "00:09:46", "end": "00:09:51", "text": "shot it apparently."}, {"start": "00:09:48", "end": "00:09:54", "text": "Cat Cat pulled back 50% from recent"}, {"start": "00:09:51", "end": "00:09:54", "text": "highs. Had this feeling yesterday. I was"}, {"start": "00:09:54", "end": "00:09:56", "text": "looking at the chart and I was like,"}, {"start": "00:09:54", "end": "00:09:57", "text": "man, is this going to be one of those"}, {"start": "00:09:56", "end": "00:09:59", "text": "one of those deals where you get one of"}, {"start": "00:09:57", "end": "00:10:03", "text": "these giant pullbacks on this thing?"}, {"start": "00:09:59", "end": "00:10:08", "text": "Also, there's this platform called Noxa,"}, {"start": "00:10:03", "end": "00:10:09", "text": "which was the launchpad for"}, {"start": "00:10:08", "end": "00:10:11", "text": "new meme coins launching on the"}, {"start": "00:10:09", "end": "00:10:12", "text": "Robinhood chain."}, {"start": "00:10:11", "end": "00:10:15", "text": "I guess it rugged or the website was"}, {"start": "00:10:12", "end": "00:10:16", "text": "down or it's offline. I don't know"}, {"start": "00:10:15", "end": "00:10:18", "text": "exactly what the heck happened, but"}, {"start": "00:10:16", "end": "00:10:20", "text": "anyway,"}, {"start": "00:10:18", "end": "00:10:22", "text": "that took some of the wind out of the"}, {"start": "00:10:20", "end": "00:10:23", "text": "sails of the Robinhood trade in the"}, {"start": "00:10:22", "end": "00:10:25", "text": "short term. Now, look, I think if"}, {"start": "00:10:23", "end": "00:10:28", "text": "Robinhood's going to stick around and"}, {"start": "00:10:25", "end": "00:10:29", "text": "Cash Cat's going to remain the meme of"}, {"start": "00:10:28", "end": "00:10:32", "text": "the blockchain,"}, {"start": "00:10:29", "end": "00:10:34", "text": "then 50% pullback like this is cool and"}, {"start": "00:10:32", "end": "00:10:37", "text": "normal. In fact,"}, {"start": "00:10:34", "end": "00:10:39", "text": "a 60% drawback,"}, {"start": "00:10:37", "end": "00:10:42", "text": "it's crypto, man. I would just just look"}, {"start": "00:10:39", "end": "00:10:43", "text": "for a quick 60% drop on this thing. 60%"}, {"start": "00:10:42", "end": "00:10:45", "text": "pullback to the right right around this"}, {"start": "00:10:43", "end": "00:10:48", "text": "80 to 90 million dollar market cap"}, {"start": "00:10:45", "end": "00:10:51", "text": "range, well, that's this really the only"}, {"start": "00:10:48", "end": "00:10:52", "text": "level of support on this coin except for"}, {"start": "00:10:51", "end": "00:10:54", "text": "zero."}, {"start": "00:10:52", "end": "00:10:56", "text": "Okay. Okay, you know what? There's Well,"}, {"start": "00:10:54", "end": "00:10:59", "text": "there's strong support at 8 million"}, {"start": "00:10:56", "end": "00:11:00", "text": "dollars, guys. There's another 90% drop."}, {"start": "00:10:59", "end": "00:11:02", "text": "I'll go I'll go way back down here. I"}, {"start": "00:11:00", "end": "00:11:04", "text": "have only 97% drop. I mean, that's"}, {"start": "00:11:02", "end": "00:11:05", "text": "that's meme coins. They do that. But if"}, {"start": "00:11:04", "end": "00:11:08", "text": "this thing is going to bounce, if this"}, {"start": "00:11:05", "end": "00:11:10", "text": "thing is going to be the mascot of"}, {"start": "00:11:08", "end": "00:11:11", "text": "Robinhood chain and go on to greater"}, {"start": "00:11:10", "end": "00:11:13", "text": "glory,"}, {"start": "00:11:11", "end": "00:11:14", "text": "then it needs to bounce around the sort"}, {"start": "00:11:13", "end": "00:11:16", "text": "of 80 to 90 million dollar level. Maybe"}, {"start": "00:11:14", "end": "00:11:18", "text": "it bounces now. Maybe it bounces sooner,"}, {"start": "00:11:16", "end": "00:11:20", "text": "but a pullback to this level would be"}, {"start": "00:11:18", "end": "00:11:22", "text": "totally normal. It's a meme coin, guys."}, {"start": "00:11:20", "end": "00:11:26", "text": "It's literally just a picture of a cat."}, {"start": "00:11:22", "end": "00:11:29", "text": "That's it. This ugly cat right here."}, {"start": "00:11:26", "end": "00:11:29", "text": "That's all it is."}, {"start": "00:11:30", "end": "00:11:36", "text": "Now, if it does pull back here"}, {"start": "00:11:33", "end": "00:11:37", "text": "and it does go on to greater glory, then"}, {"start": "00:11:36", "end": "00:11:40", "text": "potentially interesting spot to get"}, {"start": "00:11:37", "end": "00:11:43", "text": "into. Also, I'd watch for the 4-hour"}, {"start": "00:11:40", "end": "00:11:45", "text": "MACD to flip over with a bull"}, {"start": "00:11:43", "end": "00:11:47", "text": "cross, which has not happened yet. That"}, {"start": "00:11:45", "end": "00:11:50", "text": "might signal signal a"}, {"start": "00:11:47", "end": "00:11:51", "text": "uh higher fidelity entry on that. There"}, {"start": "00:11:50", "end": "00:11:53", "text": "you go. Okay."}, {"start": "00:11:51", "end": "00:11:57", "text": "Uniswap. Uniswap pulling back a little"}, {"start": "00:11:53", "end": "00:12:00", "text": "bit. We did have this retest here of the"}, {"start": "00:11:57", "end": "00:12:02", "text": "uh previous resistance flipped into"}, {"start": "00:12:00", "end": "00:12:03", "text": "support. Can it come back down and touch"}, {"start": "00:12:02", "end": "00:12:05", "text": "it again? You bet your bottom dollar it"}, {"start": "00:12:03", "end": "00:12:07", "text": "can. It certainly can. Will it? We're"}, {"start": "00:12:05", "end": "00:12:09", "text": "going to find out pretty soon. But"}, {"start": "00:12:07", "end": "00:12:10", "text": "overall, it remains in a nice uptrend."}, {"start": "00:12:09", "end": "00:12:11", "text": "Pulling back a little bit here would be"}, {"start": "00:12:10", "end": "00:12:13", "text": "totally cool and normal. You want to see"}, {"start": "00:12:11", "end": "00:12:16", "text": "this, of course, break above the"}, {"start": "00:12:13", "end": "00:12:17", "text": "200-day EMA. Of course, we shared our"}, {"start": "00:12:16", "end": "00:12:19", "text": "report on this. So, if you were an Inner"}, {"start": "00:12:17", "end": "00:12:20", "text": "Circle member, are you in the Inner"}, {"start": "00:12:19", "end": "00:12:21", "text": "Circle yet? Why are you not in the Inner"}, {"start": "00:12:20", "end": "00:12:23", "text": "Circle yet? There's a link down below,"}, {"start": "00:12:21", "end": "00:12:24", "text": "7-day free trial. If you're an Inner"}, {"start": "00:12:23", "end": "00:12:26", "text": "Inner Circle member, you got our report"}, {"start": "00:12:24", "end": "00:12:30", "text": "on Uniswap back here, and you got our"}, {"start": "00:12:26", "end": "00:12:32", "text": "trade alert on it here at $2.90."}, {"start": "00:12:30", "end": "00:12:34", "text": "Members are in. They printed money. Just"}, {"start": "00:12:32", "end": "00:12:36", "text": "saying, link down below. Okay."}, {"start": "00:12:34", "end": "00:12:38", "text": "Shameless self-promotion over."}, {"start": "00:12:36", "end": "00:12:40", "text": "Continuing. Lighter is an interesting"}, {"start": "00:12:38", "end": "00:12:41", "text": "one. So, as beta bets, if you don't want"}, {"start": "00:12:40", "end": "00:12:44", "text": "to play like the meme coin gambling"}, {"start": "00:12:41", "end": "00:12:45", "text": "game, which I totally get. Geez Louise,"}, {"start": "00:12:44", "end": "00:12:47", "text": "the amount of people losing money in"}, {"start": "00:12:45", "end": "00:12:48", "text": "meme coins on uh Robinhood right now is"}, {"start": "00:12:47", "end": "00:12:49", "text": "epic."}, {"start": "00:12:48", "end": "00:12:50", "text": "Cuz everybody wants to talk about the"}, {"start": "00:12:49", "end": "00:12:51", "text": "big winners. Not many people want to"}, {"start": "00:12:50", "end": "00:12:52", "text": "talk about the losers, which is the vast"}, {"start": "00:12:51", "end": "00:12:54", "text": "majority of meme coins that are long"}, {"start": "00:12:52", "end": "00:12:55", "text": "time on Robinhood. Anyway, if you want"}, {"start": "00:12:54", "end": "00:12:57", "text": "to find beta plays, of course, you can"}, {"start": "00:12:55", "end": "00:13:00", "text": "get Uniswap, which is a beta play. You"}, {"start": "00:12:57", "end": "00:13:01", "text": "can get Lighter. Now, Lighter right now"}, {"start": "00:13:00", "end": "00:13:04", "text": "is an interesting spot because I think"}, {"start": "00:13:01", "end": "00:13:05", "text": "if it breaks out here above $2.75,"}, {"start": "00:13:04", "end": "00:13:08", "text": "that's a long."}, {"start": "00:13:05", "end": "00:13:09", "text": "You can see we've had multiple areas"}, {"start": "00:13:08", "end": "00:13:11", "text": "where that price has stopped out right"}, {"start": "00:13:09", "end": "00:13:13", "text": "there at 275. So, if it gets above that"}, {"start": "00:13:11", "end": "00:13:15", "text": "and breaks out higher,"}, {"start": "00:13:13", "end": "00:13:16", "text": "this is a a very interesting move."}, {"start": "00:13:15", "end": "00:13:18", "text": "So, if the price continues to"}, {"start": "00:13:16", "end": "00:13:19", "text": "consolidate here and does break above"}, {"start": "00:13:18", "end": "00:13:22", "text": "that, that's the long signal. And I'd"}, {"start": "00:13:19", "end": "00:13:23", "text": "probably go long on it at 275. That"}, {"start": "00:13:22", "end": "00:13:25", "text": "being said, I don't see a trade"}, {"start": "00:13:23", "end": "00:13:27", "text": "necessarily right now."}, {"start": "00:13:25", "end": "00:13:28", "text": "Maybe a pullback to this line could be"}, {"start": "00:13:27", "end": "00:13:31", "text": "in order. and might be actually a pretty"}, {"start": "00:13:28", "end": "00:13:32", "text": "healthy move here for lighter in the"}, {"start": "00:13:31", "end": "00:13:33", "text": "coming days. We'll keep an eye on that"}, {"start": "00:13:32", "end": "00:13:36", "text": "let you know."}, {"start": "00:13:33", "end": "00:13:37", "text": "Wise advice posted this 57 billion pump"}, {"start": "00:13:36", "end": "00:13:40", "text": "worth 90 million dollars but unlocked"}, {"start": "00:13:37", "end": "00:13:42", "text": "121 team and investor wallets. Despite"}, {"start": "00:13:40", "end": "00:13:44", "text": "that pump still trading higher bullish"}, {"start": "00:13:42", "end": "00:13:46", "text": "unlocks bullish unlocks are back baby."}, {"start": "00:13:44", "end": "00:13:48", "text": "Let's go."}, {"start": "00:13:46", "end": "00:13:50", "text": "That's an interesting thing because"}, {"start": "00:13:48", "end": "00:13:52", "text": "usually in a bear market"}, {"start": "00:13:50", "end": "00:13:53", "text": "stuff like this is very very bad news."}, {"start": "00:13:52", "end": "00:13:55", "text": "Bad news is bad news and good news is"}, {"start": "00:13:53", "end": "00:13:56", "text": "bad news."}, {"start": "00:13:55", "end": "00:13:58", "text": "Well,"}, {"start": "00:13:56", "end": "00:14:00", "text": "had nice little pump off it. What's"}, {"start": "00:13:58", "end": "00:14:02", "text": "interesting right here currently is that"}, {"start": "00:14:00", "end": "00:14:03", "text": "the price has come back up to a very"}, {"start": "00:14:02", "end": "00:14:07", "text": "very critical area of previous price for"}, {"start": "00:14:03", "end": "00:14:09", "text": "you see here support 1 2 3 4 5 6 times"}, {"start": "00:14:07", "end": "00:14:12", "text": "approximately is acted as support and"}, {"start": "00:14:09", "end": "00:14:15", "text": "then 1 2 3 times is acted as resistance."}, {"start": "00:14:12", "end": "00:14:18", "text": "So this area of 0.016"}, {"start": "00:14:15", "end": "00:14:20", "text": "0.017 right in that zone is the most"}, {"start": "00:14:18", "end": "00:14:26", "text": "important level right now for pump. If"}, {"start": "00:14:20", "end": "00:14:26", "text": "we close above that level above 0.017"}, {"start": "00:14:26", "end": "00:14:32", "text": "0.00 two zeros gosh darn it. 0.0017"}, {"start": "00:14:33", "end": "00:14:36", "text": "then this could be so back and we could"}, {"start": "00:14:35", "end": "00:14:39", "text": "be ready for some longs on this right"}, {"start": "00:14:36", "end": "00:14:41", "text": "now. We're right in the resistance. So"}, {"start": "00:14:39", "end": "00:14:43", "text": "now I would not be longing pump. I've"}, {"start": "00:14:41", "end": "00:14:45", "text": "got spot pump that's a different story"}, {"start": "00:14:43", "end": "00:14:47", "text": "but I would not be longing this right"}, {"start": "00:14:45", "end": "00:14:49", "text": "now into this very obvious area of price"}, {"start": "00:14:47", "end": "00:14:51", "text": "resistance. You get above it then we got"}, {"start": "00:14:49", "end": "00:14:52", "text": "something to talk about."}, {"start": "00:14:51", "end": "00:14:55", "text": "Justy posted this on Jito. What could"}, {"start": "00:14:52", "end": "00:14:57", "text": "out of our son of GTX revenue mean for"}, {"start": "00:14:55", "end": "00:14:58", "text": "Jito buybacks Solana DEX and perp market"}, {"start": "00:14:57", "end": "00:15:00", "text": "did over 107 billion dollars in volume"}, {"start": "00:14:58", "end": "00:15:02", "text": "last month. The GTX enters at a better"}, {"start": "00:15:00", "end": "00:15:05", "text": "execution edge via Jito BAM. If it"}, {"start": "00:15:02", "end": "00:15:06", "text": "captures captures a 6 to 10 billion"}, {"start": "00:15:05", "end": "00:15:09", "text": "dollars in 30 day volume which is a"}, {"start": "00:15:06", "end": "00:15:12", "text": "conservative base case at a speculative"}, {"start": "00:15:09", "end": "00:15:14", "text": "0.04 to 0.05% blended fee that would"}, {"start": "00:15:12", "end": "00:15:16", "text": "generate 2.4 million to 5 million"}, {"start": "00:15:14", "end": "00:15:19", "text": "dollars monthly fees 100% of that in the"}, {"start": "00:15:16", "end": "00:15:23", "text": "Jito buybacks. That's 29 to 60 million"}, {"start": "00:15:19", "end": "00:15:25", "text": "dollars in annualized fees. Not bad man."}, {"start": "00:15:23", "end": "00:15:27", "text": "Not bad. That puts it right up there"}, {"start": "00:15:25", "end": "00:15:29", "text": "with one of the"}, {"start": "00:15:27", "end": "00:15:31", "text": "to be a very strong buyback revenue"}, {"start": "00:15:29", "end": "00:15:31", "text": "coin."}, {"start": "00:15:32", "end": "00:15:36", "text": "Interesting."}, {"start": "00:15:34", "end": "00:15:38", "text": "Very interesting. That being said, it"}, {"start": "00:15:36", "end": "00:15:40", "text": "has pulled back. This was"}, {"start": "00:15:38", "end": "00:15:44", "text": "pre-speculation on the fee switch"}, {"start": "00:15:40", "end": "00:15:45", "text": "turning on for the JTX exchange. This is"}, {"start": "00:15:44", "end": "00:15:47", "text": "the reality and then the news being"}, {"start": "00:15:45", "end": "00:15:48", "text": "sold, which is cool and all of that."}, {"start": "00:15:47", "end": "00:15:50", "text": "What I don't like about the chart"}, {"start": "00:15:48", "end": "00:15:52", "text": "currently, I think there's a decent The"}, {"start": "00:15:50", "end": "00:15:58", "text": "flip side of that is that we have now"}, {"start": "00:15:52", "end": "00:15:58", "text": "lost this trend line bearish underside"}, {"start": "00:15:58", "end": "00:16:02", "text": "retest on the orange line and on the"}, {"start": "00:16:00", "end": "00:16:04", "text": "20-day EMA. So, for me, I'm not getting"}, {"start": "00:16:02", "end": "00:16:06", "text": "into a trade right now on this. I'd like"}, {"start": "00:16:04", "end": "00:16:08", "text": "to see it least get back above the"}, {"start": "00:16:06", "end": "00:16:10", "text": "20-day EMA before I would go long on"}, {"start": "00:16:08", "end": "00:16:11", "text": "Jito, personally. If you're not"}, {"start": "00:16:10", "end": "00:16:13", "text": "subscribed to the channel yet,"}, {"start": "00:16:11", "end": "00:16:14", "text": "subscribe to the channel. It's actually"}, {"start": "00:16:13", "end": "00:16:15", "text": "free. Did you know that? It's free to"}, {"start": "00:16:14", "end": "00:16:16", "text": "subscribe. Link down below."}, {"start": "00:16:15", "end": "00:16:18", "text": "Go [laughter] go go go go subscribe."}, {"start": "00:16:16", "end": "00:16:21", "text": "Okay. Real quick as now a few stock"}, {"start": "00:16:18", "end": "00:16:23", "text": "stories. So, CPI dropped to a 3-month"}, {"start": "00:16:21", "end": "00:16:26", "text": "low. Rate hike odds crashed from 43 to"}, {"start": "00:16:23", "end": "00:16:27", "text": "6%. Bullish. Let's go."}, {"start": "00:16:26", "end": "00:16:29", "text": "No, seriously. Let's go. That's That's"}, {"start": "00:16:27", "end": "00:16:31", "text": "awesome."}, {"start": "00:16:29", "end": "00:16:33", "text": "Uh if only there wasn't some systemic"}, {"start": "00:16:31", "end": "00:16:34", "text": "crisis to the global energy markets"}, {"start": "00:16:33", "end": "00:16:36", "text": "brewing in Iran right now that could"}, {"start": "00:16:34", "end": "00:16:37", "text": "send inflation spiking back up in the"}, {"start": "00:16:36", "end": "00:16:39", "text": "next couple months. But hey, we'll deal"}, {"start": "00:16:37", "end": "00:16:40", "text": "with that later. Short-term markets"}, {"start": "00:16:39", "end": "00:16:42", "text": "loved it."}, {"start": "00:16:40", "end": "00:16:43", "text": "MP says literally the best guy we can"}, {"start": "00:16:42", "end": "00:16:45", "text": "ask for. They put him in the heat and he"}, {"start": "00:16:43", "end": "00:16:47", "text": "stood on business. So, everything we had"}, {"start": "00:16:45", "end": "00:16:49", "text": "going on before gets steadily strong"}, {"start": "00:16:47", "end": "00:16:50", "text": "pro-crypto even as contrarian in the"}, {"start": "00:16:49", "end": "00:16:53", "text": "room Fed chair on top. This is insane."}, {"start": "00:16:50", "end": "00:16:54", "text": "Crypto EV wasn't even included before"}, {"start": "00:16:53", "end": "00:16:55", "text": "this. Worst literally just testified"}, {"start": "00:16:54", "end": "00:16:57", "text": "he'd rather not be allowed everything"}, {"start": "00:16:55", "end": "00:16:59", "text": "from the crypto and including crypto."}, {"start": "00:16:57", "end": "00:17:01", "text": "So, this is the guy. This is the guy."}, {"start": "00:16:59", "end": "00:17:02", "text": "This guy is not only not going to cut"}, {"start": "00:17:01", "end": "00:17:05", "text": "rates, but he is going to rep for"}, {"start": "00:17:02", "end": "00:17:07", "text": "crypto, man. Let's go."}, {"start": "00:17:05", "end": "00:17:09", "text": "NASDAQ still in the middle of the"}, {"start": "00:17:07", "end": "00:17:12", "text": "triangle. Again, this is"}, {"start": "00:17:09", "end": "00:17:14", "text": "usually a continuation pattern in an"}, {"start": "00:17:12", "end": "00:17:16", "text": "uptrend and the expectation the odds"}, {"start": "00:17:14", "end": "00:17:20", "text": "would favor a break to the upside."}, {"start": "00:17:16", "end": "00:17:22", "text": "The downside is also equally interesting"}, {"start": "00:17:20", "end": "00:17:25", "text": "if the Iran situation starts weighing"}, {"start": "00:17:22", "end": "00:17:27", "text": "heavily on US equities then"}, {"start": "00:17:25", "end": "00:17:29", "text": "a move back down to the 200-day EMA"}, {"start": "00:17:27", "end": "00:17:31", "text": "based off of a breakdown from this would"}, {"start": "00:17:29", "end": "00:17:33", "text": "be the target to watch out for."}, {"start": "00:17:31", "end": "00:17:35", "text": "CleanSpark secures 20-year lease with"}, {"start": "00:17:33", "end": "00:17:37", "text": "high investment grade global technology"}, {"start": "00:17:35", "end": "00:17:39", "text": "company. Let's go. Lease totaling $6.6"}, {"start": "00:17:37", "end": "00:17:42", "text": "billion in contracted revenue with up to"}, {"start": "00:17:39", "end": "00:17:43", "text": "$11.6 billion after full extension"}, {"start": "00:17:42", "end": "00:17:48", "text": "options."}, {"start": "00:17:43", "end": "00:17:49", "text": "Awesome. Let's go. Let's go CleanSpark."}, {"start": "00:17:48", "end": "00:17:51", "text": "Uh initial pump off of the news"}, {"start": "00:17:49", "end": "00:17:53", "text": "yesterday."}, {"start": "00:17:51", "end": "00:17:54", "text": "Fully retraced."}, {"start": "00:17:53", "end": "00:17:56", "text": "Now pre-market showing it basically"}, {"start": "00:17:54", "end": "00:17:59", "text": "opening up at uh"}, {"start": "00:17:56", "end": "00:18:01", "text": "yesterday's uh close."}, {"start": "00:17:59", "end": "00:18:04", "text": "Not fantastic, but I think that somebody"}, {"start": "00:18:01", "end": "00:18:06", "text": "like CleanSpark, Coreweave, Marathon"}, {"start": "00:18:04", "end": "00:18:09", "text": "Holdings, these are all companies that"}, {"start": "00:18:06", "end": "00:18:11", "text": "have very strong potential for the AI"}, {"start": "00:18:09", "end": "00:18:13", "text": "wave on the next big round up on the"}, {"start": "00:18:11", "end": "00:18:14", "text": "market. So,"}, {"start": "00:18:13", "end": "00:18:15", "text": "I'm holding these positions. I got"}, {"start": "00:18:14", "end": "00:18:16", "text": "CleanSpark, I got Coreweave, got"}, {"start": "00:18:15", "end": "00:18:19", "text": "Marathon."}, {"start": "00:18:16", "end": "00:18:20", "text": "They're all decently sized positions."}, {"start": "00:18:19", "end": "00:18:22", "text": "So, let's see if they can play out or"}, {"start": "00:18:20", "end": "00:18:24", "text": "not."}, {"start": "00:18:22", "end": "00:18:26", "text": "Armani Ferrante says bought did more"}, {"start": "00:18:24", "end": "00:18:27", "text": "volume. So, this is Robo strategy."}, {"start": "00:18:26", "end": "00:18:29", "text": "The one that gives you sort of"}, {"start": "00:18:27", "end": "00:18:32", "text": "pre-market exposure to stuff like Figure"}, {"start": "00:18:29", "end": "00:18:34", "text": "AI and Apptronik. Bot did more volume on"}, {"start": "00:18:32", "end": "00:18:37", "text": "Solana on a Sunday than it did on the"}, {"start": "00:18:34", "end": "00:18:38", "text": "Nasdaq on a Monday."}, {"start": "00:18:37", "end": "00:18:41", "text": "Think about that, man. This is the This"}, {"start": "00:18:38", "end": "00:18:43", "text": "is the promise of on-chain tokenization"}, {"start": "00:18:41", "end": "00:18:45", "text": "of assets. We're bringing stocks on"}, {"start": "00:18:43", "end": "00:18:48", "text": "chain and it gives people the ability to"}, {"start": "00:18:45", "end": "00:18:50", "text": "trade them all the time. And it gives"}, {"start": "00:18:48", "end": "00:18:51", "text": "the ability for anybody anywhere to get"}, {"start": "00:18:50", "end": "00:18:53", "text": "access to this stuff and it's a whole"}, {"start": "00:18:51", "end": "00:18:55", "text": "sort of parallel economy for stocks"}, {"start": "00:18:53", "end": "00:18:58", "text": "where literally we have stocks that are"}, {"start": "00:18:55", "end": "00:19:02", "text": "now doing more volume"}, {"start": "00:18:58", "end": "00:19:04", "text": "on chain than they do on the Nasdaq."}, {"start": "00:19:02", "end": "00:19:07", "text": "Think about how crazy that is, man."}, {"start": "00:19:04", "end": "00:19:08", "text": "Uh bought also in a big fat triangle"}, {"start": "00:19:07", "end": "00:19:10", "text": "here. Nothing really much to report"}, {"start": "00:19:08", "end": "00:19:11", "text": "right now until this breaks either way,"}, {"start": "00:19:10", "end": "00:19:13", "text": "either top orange line or bottom orange"}, {"start": "00:19:11", "end": "00:19:15", "text": "line. That's where the big move is going"}, {"start": "00:19:13", "end": "00:19:17", "text": "to come in for this thing."}, {"start": "00:19:15", "end": "00:19:19", "text": "Think robotics trade still massively"}, {"start": "00:19:17", "end": "00:19:21", "text": "undervalued. Robo strategy, you know,"}, {"start": "00:19:19", "end": "00:19:23", "text": "I've got some. I own it as a stock spot"}, {"start": "00:19:21", "end": "00:19:25", "text": "positions. Um"}, {"start": "00:19:23", "end": "00:19:26", "text": "I don't know. I still there's still two"}, {"start": "00:19:25", "end": "00:19:27", "text": "minds about it. Like yeah, you get all"}, {"start": "00:19:26", "end": "00:19:29", "text": "this pre-market exposure to stuff, but"}, {"start": "00:19:27", "end": "00:19:30", "text": "they're going to keep, you know,"}, {"start": "00:19:29", "end": "00:19:32", "text": "potentially diluting the stock and stuff"}, {"start": "00:19:30", "end": "00:19:33", "text": "like that. So, I've seen that play out"}, {"start": "00:19:32", "end": "00:19:37", "text": "before, but we'll see. I think it's an"}, {"start": "00:19:33", "end": "00:19:38", "text": "interesting um bet anyway to try to get"}, {"start": "00:19:37", "end": "00:19:40", "text": "some"}, {"start": "00:19:38", "end": "00:19:41", "text": "exposure pre-market to some of these hot"}, {"start": "00:19:40", "end": "00:19:43", "text": "robotic stocks."}, {"start": "00:19:41", "end": "00:19:44", "text": "I want to give a real quick shout out to"}, {"start": "00:19:43", "end": "00:19:46", "text": "Tesla, too. I feel like we haven't"}, {"start": "00:19:44", "end": "00:19:48", "text": "talked about the stock in a little"}, {"start": "00:19:46", "end": "00:19:49", "text": "while. This is the weekly chart. But,"}, {"start": "00:19:48", "end": "00:19:51", "text": "look at it."}, {"start": "00:19:49", "end": "00:19:53", "text": "Look at it. No, it's actually pretty"}, {"start": "00:19:51", "end": "00:19:55", "text": "crazy because it is still sitting all"}, {"start": "00:19:53", "end": "00:19:59", "text": "right on the support line of this"}, {"start": "00:19:55", "end": "00:20:00", "text": "gigantic ascending triangle. Gosh darn"}, {"start": "00:19:59", "end": "00:20:01", "text": "it."}, {"start": "00:20:00", "end": "00:20:03", "text": "Break to either side is going to be an"}, {"start": "00:20:01", "end": "00:20:06", "text": "epic move here for Tesla, but it has"}, {"start": "00:20:03", "end": "00:20:08", "text": "just kept finding support right at this"}, {"start": "00:20:06", "end": "00:20:10", "text": "gosh darn line. Last 4 weeks actually"}, {"start": "00:20:08", "end": "00:20:12", "text": "it's been sitting right on this very"}, {"start": "00:20:10", "end": "00:20:14", "text": "line right here. So, the big breakout"}, {"start": "00:20:12", "end": "00:20:19", "text": "target 500 bucks. It breaks out of 500"}, {"start": "00:20:14", "end": "00:20:20", "text": "bucks and it's going to like 750 800."}, {"start": "00:20:19", "end": "00:20:22", "text": "Might take some profits there. Don't"}, {"start": "00:20:20", "end": "00:20:23", "text": "know. We'll let you know."}, {"start": "00:20:22", "end": "00:20:26", "text": "Anyway, that's it. You're awesome. See"}, {"start": "00:20:23", "end": "00:20:26", "text": "you. Bye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Cathie Wood just said something that"}, {"start": "00:00:01", "end": "00:00:05", "text": "every Bitcoin investor needs to hear"}, {"start": "00:00:03", "end": "00:00:07", "text": "right now. She believes Bitcoin is"}, {"start": "00:00:05", "end": "00:00:08", "text": "bottomed and she believes it will resume"}, {"start": "00:00:07", "end": "00:00:10", "text": "its historically volatile uptrend"}, {"start": "00:00:08", "end": "00:00:12", "text": "[music] from here on out. But the price"}, {"start": "00:00:10", "end": "00:00:14", "text": "target is what stops people cold."}, {"start": "00:00:12", "end": "00:00:17", "text": "$750,000"}, {"start": "00:00:14", "end": "00:00:19", "text": "to $1.25 million within five years. Not"}, {"start": "00:00:17", "end": "00:00:22", "text": "a typo, not a misquote. That is Ark"}, {"start": "00:00:19", "end": "00:00:23", "text": "Invest's published range. Her biggest"}, {"start": "00:00:22", "end": "00:00:25", "text": "reason is not technology, not"}, {"start": "00:00:23", "end": "00:00:26", "text": "regulation, not scarcity, but"}, {"start": "00:00:25", "end": "00:00:28", "text": "institutional adoption. The same capital"}, {"start": "00:00:26", "end": "00:00:30", "text": "that sat on the sidelines waiting for"}, {"start": "00:00:28", "end": "00:00:31", "text": "regulatory clarity has these solutions"}, {"start": "00:00:30", "end": "00:00:33", "text": "and compliance framework. They're"}, {"start": "00:00:31", "end": "00:00:35", "text": "getting it and they're moving. Slowly at"}, {"start": "00:00:33", "end": "00:00:37", "text": "first, then all at once. We've seen this"}, {"start": "00:00:35", "end": "00:00:38", "text": "pattern play out before in every major"}, {"start": "00:00:37", "end": "00:00:41", "text": "asset class that institutions eventually"}, {"start": "00:00:38", "end": "00:00:42", "text": "adopted. The early movers look crazy,"}, {"start": "00:00:41", "end": "00:00:44", "text": "then they look early, then everyone"}, {"start": "00:00:42", "end": "00:00:47", "text": "wishes they had listened. Now, Cathie"}, {"start": "00:00:44", "end": "00:00:49", "text": "Wood has been early and wrong before, so"}, {"start": "00:00:47", "end": "00:00:51", "text": "take [music] it with a grain of salt."}, {"start": "00:00:49", "end": "00:00:52", "text": "She's also been early and right before."}, {"start": "00:00:51", "end": "00:00:54", "text": "Anybody in markets will be right and"}, {"start": "00:00:52", "end": "00:00:56", "text": "wrong. The question is, has she made"}, {"start": "00:00:54", "end": "00:00:58", "text": "money? Which she has. The institutional"}, {"start": "00:00:56", "end": "00:00:59", "text": "adoption thesis is not speculation"}, {"start": "00:00:58", "end": "00:01:01", "text": "anymore. It's actually happening in real"}, {"start": "00:00:59", "end": "00:01:03", "text": "time. And the more we get things like"}, {"start": "00:01:01", "end": "00:01:06", "text": "the Clarity Act, the more it happens."}, {"start": "00:01:03", "end": "00:01:06", "text": "Follow me for daily updates."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "There was one main thing said, and it"}, {"start": "00:00:02", "end": "00:00:08", "text": "was just his disappointment in ADA. And"}, {"start": "00:00:05", "end": "00:00:10", "text": "I saw the disappointment in his eyes."}, {"start": "00:00:08", "end": "00:00:11", "text": "And"}, {"start": "00:00:10", "end": "00:00:15", "text": "it almost felt like I saw disappointment"}, {"start": "00:00:11", "end": "00:00:16", "text": "in me. It is July 2026, and this is the"}, {"start": "00:00:15", "end": "00:00:19", "text": "Cardano thesis."}, {"start": "00:00:16", "end": "00:00:22", "text": "Whales, Wall Street, the biggest upgrade"}, {"start": "00:00:19", "end": "00:00:25", "text": "cycle in ADA history did not think it"}, {"start": "00:00:22", "end": "00:00:27", "text": "would be July of 2026 and Cardano would"}, {"start": "00:00:25", "end": "00:00:29", "text": "be at 16 cents. And this is actually how"}, {"start": "00:00:27", "end": "00:00:31", "text": "I want to start this video before we go"}, {"start": "00:00:29", "end": "00:00:32", "text": "into all this data. A little bit of a"}, {"start": "00:00:31", "end": "00:00:34", "text": "different pace of video. Please feel"}, {"start": "00:00:32", "end": "00:00:37", "text": "free to hit the timestamps. Probably one"}, {"start": "00:00:34", "end": "00:00:39", "text": "of my most recent important videos as it"}, {"start": "00:00:37", "end": "00:00:41", "text": "relates to Cardano. But I want to start"}, {"start": "00:00:39", "end": "00:00:43", "text": "the video, and I actually I just want to"}, {"start": "00:00:41", "end": "00:00:45", "text": "tell you a quick story."}, {"start": "00:00:43", "end": "00:00:48", "text": "Over the years doing crypto content in"}, {"start": "00:00:45", "end": "00:00:50", "text": "general,"}, {"start": "00:00:48", "end": "00:00:51", "text": "a good amount of times I'll be out"}, {"start": "00:00:50", "end": "00:00:54", "text": "somewhere and somebody will come up to"}, {"start": "00:00:51", "end": "00:00:56", "text": "me and they'll be like, \"Dan?"}, {"start": "00:00:54", "end": "00:00:57", "text": "Dan, is that you? Dude, I watch your"}, {"start": "00:00:56", "end": "00:00:59", "text": "videos, blah blah blah.\" And then we"}, {"start": "00:00:57", "end": "00:01:01", "text": "start talking. And it is just awesome. I"}, {"start": "00:00:59", "end": "00:01:02", "text": "just love that. I love when people come"}, {"start": "00:01:01", "end": "00:01:04", "text": "up to me and I'm meeting people that"}, {"start": "00:01:02", "end": "00:01:06", "text": "have viewed my channel and have seen me"}, {"start": "00:01:04", "end": "00:01:08", "text": "because over these years of creating"}, {"start": "00:01:06", "end": "00:01:10", "text": "this content, I really think of myself"}, {"start": "00:01:08", "end": "00:01:12", "text": "as just"}, {"start": "00:01:10", "end": "00:01:14", "text": "like all you guys out there. I'm just in"}, {"start": "00:01:12", "end": "00:01:16", "text": "the same boat. I'm just pressing record."}, {"start": "00:01:14", "end": "00:01:18", "text": "I've been tracking my journey, my"}, {"start": "00:01:16", "end": "00:01:19", "text": "decisions, how I'm trying to navigate"}, {"start": "00:01:18", "end": "00:01:21", "text": "this thing, what my thoughts are on the"}, {"start": "00:01:19", "end": "00:01:22", "text": "markets. But I'm in your boat. Do you"}, {"start": "00:01:21", "end": "00:01:25", "text": "know what I mean? So I love meeting you"}, {"start": "00:01:22", "end": "00:01:28", "text": "guys. Something happened last week and"}, {"start": "00:01:25", "end": "00:01:30", "text": "it was different in terms of meeting"}, {"start": "00:01:28", "end": "00:01:32", "text": "somebody that has seen my channel. It"}, {"start": "00:01:30", "end": "00:01:33", "text": "was the same type of deal. \"Dan, is is"}, {"start": "00:01:32", "end": "00:01:35", "text": "that you?\""}, {"start": "00:01:33", "end": "00:01:36", "text": "And I was like, \"It's yeah.\" It's like I"}, {"start": "00:01:35", "end": "00:01:39", "text": "shook his hand. He seemed like a"}, {"start": "00:01:36", "end": "00:01:41", "text": "stand-up dude, a really cool dude. And"}, {"start": "00:01:39", "end": "00:01:43", "text": "the conversation just went differently."}, {"start": "00:01:41", "end": "00:01:45", "text": "There was not much said. There was one"}, {"start": "00:01:43", "end": "00:01:47", "text": "main thing said, and it was just his"}, {"start": "00:01:45", "end": "00:01:50", "text": "disappointment in ADA."}, {"start": "00:01:47", "end": "00:01:53", "text": "And I saw the disappointment in his"}, {"start": "00:01:50", "end": "00:01:54", "text": "eyes. And"}, {"start": "00:01:53", "end": "00:01:57", "text": "it almost felt like I saw disappointment"}, {"start": "00:01:54", "end": "00:01:58", "text": "in me. And the conversation really"}, {"start": "00:01:57", "end": "00:02:01", "text": "pretty abruptly ended and that was it."}, {"start": "00:01:58", "end": "00:02:03", "text": "It was nothing like the exciting times"}, {"start": "00:02:01", "end": "00:02:05", "text": "that I've met people. And the dude"}, {"start": "00:02:03", "end": "00:02:07", "text": "seemed awesome and I'm sure he is"}, {"start": "00:02:05", "end": "00:02:10", "text": "awesome and it's there's nothing"}, {"start": "00:02:07", "end": "00:02:11", "text": "negative about him. It's just I get it."}, {"start": "00:02:10", "end": "00:02:13", "text": "Do you know what I'm saying? I wanted to"}, {"start": "00:02:11", "end": "00:02:15", "text": "tell the story because"}, {"start": "00:02:13", "end": "00:02:17", "text": "I really do get it. I did not think that"}, {"start": "00:02:15", "end": "00:02:19", "text": "we would be here right now and this is"}, {"start": "00:02:17", "end": "00:02:22", "text": "what a Cardano chart would look like. To"}, {"start": "00:02:19", "end": "00:02:25", "text": "be fair, I want to speak"}, {"start": "00:02:22", "end": "00:02:27", "text": "to that in two ways. Number one,"}, {"start": "00:02:25", "end": "00:02:29", "text": "I don't think the crypto industry,"}, {"start": "00:02:27", "end": "00:02:31", "text": "whether you hold ADA or you hold"}, {"start": "00:02:29", "end": "00:02:33", "text": "Chainlink or whatever, I don't think the"}, {"start": "00:02:31", "end": "00:02:35", "text": "crypto industry thought it would be July"}, {"start": "00:02:33", "end": "00:02:39", "text": "of 2026 and we would be where we where"}, {"start": "00:02:35", "end": "00:02:42", "text": "we are. October of 2025 did something"}, {"start": "00:02:39", "end": "00:02:44", "text": "weird. Did something broke, right? Not"}, {"start": "00:02:42", "end": "00:02:47", "text": "only just with from the cycles, but"}, {"start": "00:02:44", "end": "00:02:48", "text": "there's something going on and I think"}, {"start": "00:02:47", "end": "00:02:50", "text": "it really shocked a lot of the crypto"}, {"start": "00:02:48", "end": "00:02:53", "text": "people, crypto holders, much of the"}, {"start": "00:02:50", "end": "00:02:55", "text": "industry still confused by it. But to be"}, {"start": "00:02:53", "end": "00:02:57", "text": "fair, I don't think anybody thought we"}, {"start": "00:02:55", "end": "00:02:58", "text": "would be where we are. But I also want"}, {"start": "00:02:57", "end": "00:03:01", "text": "to follow it up by saying when it comes"}, {"start": "00:02:58", "end": "00:03:03", "text": "to Cardano and crypto in general,"}, {"start": "00:03:01", "end": "00:03:05", "text": "I'm very optimistic. I don't think it's"}, {"start": "00:03:03", "end": "00:03:07", "text": "the end of the road for Cardano. If"}, {"start": "00:03:05", "end": "00:03:09", "text": "there's anything that I've learned just"}, {"start": "00:03:07", "end": "00:03:12", "text": "doing these videos since 2018 almost"}, {"start": "00:03:09", "end": "00:03:14", "text": "every day, it's yes, we can formulate"}, {"start": "00:03:12", "end": "00:03:17", "text": "our plan. Yes, we can anticipate every"}, {"start": "00:03:14", "end": "00:03:19", "text": "scenario and we do, right? Including"}, {"start": "00:03:17", "end": "00:03:20", "text": "this insanely terrible scenario that"}, {"start": "00:03:19", "end": "00:03:22", "text": "we're in right now."}, {"start": "00:03:20", "end": "00:03:25", "text": "But nothing's certain."}, {"start": "00:03:22", "end": "00:03:28", "text": "Nothing is guaranteed, right? And it is"}, {"start": "00:03:25", "end": "00:03:31", "text": "different kind of every single time and"}, {"start": "00:03:28", "end": "00:03:34", "text": "the journey will change throughout time,"}, {"start": "00:03:31", "end": "00:03:37", "text": "throughout the cycles. The key is if you"}, {"start": "00:03:34", "end": "00:03:38", "text": "can position yourself in a balanced way"}, {"start": "00:03:37", "end": "00:03:41", "text": "where you're not overextended and your"}, {"start": "00:03:38", "end": "00:03:44", "text": "risk is in check. I think that's how"}, {"start": "00:03:41", "end": "00:03:46", "text": "winning is done here. And right now"}, {"start": "00:03:44", "end": "00:03:48", "text": "because I don't think it's over for"}, {"start": "00:03:46", "end": "00:03:49", "text": "crypto or Cardano,"}, {"start": "00:03:48", "end": "00:03:51", "text": "I do think that crypto is an incredible"}, {"start": "00:03:49", "end": "00:03:55", "text": "opportunity zone. And the purpose of"}, {"start": "00:03:51", "end": "00:03:58", "text": "this video is to give context to that as"}, {"start": "00:03:55", "end": "00:03:59", "text": "it relates to Cardano. Because Cardano"}, {"start": "00:03:58", "end": "00:04:01", "text": "has been frustrating to people because"}, {"start": "00:03:59", "end": "00:04:03", "text": "of price, including me. But it's been"}, {"start": "00:04:01", "end": "00:04:05", "text": "frustrating to me in other ways as well."}, {"start": "00:04:03", "end": "00:04:07", "text": "The drama that takes place while price"}, {"start": "00:04:05", "end": "00:04:10", "text": "is falling. It's like, dude,"}, {"start": "00:04:07", "end": "00:04:11", "text": "I'll go I'll go buy another crypto"}, {"start": "00:04:10", "end": "00:04:13", "text": "that's also capitulating that doesn't"}, {"start": "00:04:11", "end": "00:04:15", "text": "have drama because that's at least a"}, {"start": "00:04:13", "end": "00:04:18", "text": "little bit stress more stress-free,"}, {"start": "00:04:15", "end": "00:04:19", "text": "okay? That's a thought because there's a"}, {"start": "00:04:18", "end": "00:04:21", "text": "lot of good plays out there and you know"}, {"start": "00:04:19", "end": "00:04:24", "text": "I've been kind of diversifying in that"}, {"start": "00:04:21", "end": "00:04:26", "text": "regard. But with that being said, I want"}, {"start": "00:04:24", "end": "00:04:28", "text": "to get into this and again, please feel"}, {"start": "00:04:26", "end": "00:04:29", "text": "free to hit the timestamps, but there"}, {"start": "00:04:28", "end": "00:04:31", "text": "are some things that I want to walk"}, {"start": "00:04:29", "end": "00:04:32", "text": "through with you."}, {"start": "00:04:31", "end": "00:04:34", "text": "Obviously, as we just saw in the chart,"}, {"start": "00:04:32", "end": "00:04:36", "text": "we're multi-year lows, but signs of a"}, {"start": "00:04:34", "end": "00:04:38", "text": "bottom. Two things I want to just point"}, {"start": "00:04:36", "end": "00:04:41", "text": "out to you."}, {"start": "00:04:38", "end": "00:04:43", "text": "We are 90% basically away from all-time"}, {"start": "00:04:41", "end": "00:04:46", "text": "highs. Do you believe it?"}, {"start": "00:04:43", "end": "00:04:48", "text": "$3. Remember, we were just above $3 and"}, {"start": "00:04:46", "end": "00:04:50", "text": "we think about these cycles and we think"}, {"start": "00:04:48", "end": "00:04:51", "text": "about, you know what? That was part of"}, {"start": "00:04:50", "end": "00:04:54", "text": "the journey back here trying to figure"}, {"start": "00:04:51", "end": "00:04:55", "text": "out how to take profits, right? And and"}, {"start": "00:04:54", "end": "00:04:57", "text": "just"}, {"start": "00:04:55", "end": "00:04:59", "text": "really make money in crypto, but at the"}, {"start": "00:04:57", "end": "00:05:00", "text": "same time anticipating, I don't know."}, {"start": "00:04:59", "end": "00:05:02", "text": "Who knows how how long this will go to"}, {"start": "00:05:00", "end": "00:05:04", "text": "the upside. I think we did a pretty good"}, {"start": "00:05:02", "end": "00:05:06", "text": "job in terms of content coverage, in"}, {"start": "00:05:04", "end": "00:05:07", "text": "terms of taking profits."}, {"start": "00:05:06", "end": "00:05:09", "text": "And then we fell into a bear market and"}, {"start": "00:05:07", "end": "00:05:10", "text": "I think it's just been status quo,"}, {"start": "00:05:09", "end": "00:05:12", "text": "right? Going through the bear, it's"}, {"start": "00:05:10", "end": "00:05:14", "text": "like, all right, we're doing our thing"}, {"start": "00:05:12", "end": "00:05:16", "text": "and much of the industry just expected"}, {"start": "00:05:14", "end": "00:05:18", "text": "something different right here."}, {"start": "00:05:16", "end": "00:05:19", "text": "And we we diverge in the opposite"}, {"start": "00:05:18", "end": "00:05:22", "text": "direction. That's where the frustration"}, {"start": "00:05:19", "end": "00:05:24", "text": "comes from. And now we are at this"}, {"start": "00:05:22", "end": "00:05:25", "text": "bottoming out area and we can go lower,"}, {"start": "00:05:24", "end": "00:05:28", "text": "which I'm going to discuss in this"}, {"start": "00:05:25", "end": "00:05:29", "text": "video, but it's important to note that"}, {"start": "00:05:28", "end": "00:05:33", "text": "when it comes to crypto,"}, {"start": "00:05:29", "end": "00:05:35", "text": "ADA, Chainlink, Ethereum, we are in a"}, {"start": "00:05:33", "end": "00:05:38", "text": "redistribution phase. We are in a"}, {"start": "00:05:35", "end": "00:05:40", "text": "bottoming phase. So, 90% away from"}, {"start": "00:05:38", "end": "00:05:42", "text": "all-time highs. That's That's That's a"}, {"start": "00:05:40", "end": "00:05:45", "text": "crypto stat. That is the crypto stat"}, {"start": "00:05:42", "end": "00:05:47", "text": "through cycles. This is what happens."}, {"start": "00:05:45", "end": "00:05:50", "text": "But this first point, support at from 14"}, {"start": "00:05:47", "end": "00:05:52", "text": "cent range to multi-year floor, buyers"}, {"start": "00:05:50", "end": "00:05:54", "text": "defended in June. Because if you look at"}, {"start": "00:05:52", "end": "00:05:55", "text": "the chart, we see we wicked into 14"}, {"start": "00:05:54", "end": "00:05:57", "text": "cents. That's kind of it. I don't know"}, {"start": "00:05:55", "end": "00:06:00", "text": "how Cardano's going to bottom. If you"}, {"start": "00:05:57", "end": "00:06:01", "text": "watch my videos from an analysis"}, {"start": "00:06:00", "end": "00:06:03", "text": "standpoint, you you know that I think"}, {"start": "00:06:01", "end": "00:06:05", "text": "we're kind of towards the end of this"}, {"start": "00:06:03", "end": "00:06:07", "text": "similar post quantitative tightening dip"}, {"start": "00:06:05", "end": "00:06:10", "text": "we had back here in 2019."}, {"start": "00:06:07", "end": "00:06:12", "text": "Uh the QT ended in December this 2025. I"}, {"start": "00:06:10", "end": "00:06:14", "text": "think we're towards the end of the dip."}, {"start": "00:06:12", "end": "00:06:16", "text": "But, if 14 cents doesn't hold, we might"}, {"start": "00:06:14", "end": "00:06:18", "text": "go lower."}, {"start": "00:06:16", "end": "00:06:20", "text": "And based on the data that I'm about to"}, {"start": "00:06:18", "end": "00:06:23", "text": "present to you, I think it's a very good"}, {"start": "00:06:20", "end": "00:06:24", "text": "idea now to have a plan. If you're just"}, {"start": "00:06:23", "end": "00:06:26", "text": "an ADA bull,"}, {"start": "00:06:24", "end": "00:06:27", "text": "and to have a plan as well if it goes"}, {"start": "00:06:26", "end": "00:06:29", "text": "lower, because"}, {"start": "00:06:27", "end": "00:06:31", "text": "the data that is coming together is"}, {"start": "00:06:29", "end": "00:06:32", "text": "something that can't be ignored. And"}, {"start": "00:06:31", "end": "00:06:36", "text": "that is just true when you look at"}, {"start": "00:06:32", "end": "00:06:39", "text": "something like XRP or Chainlink or Sui"}, {"start": "00:06:36", "end": "00:06:41", "text": "or all these other Ethereum, right?"}, {"start": "00:06:39", "end": "00:06:43", "text": "There's just there's so many good setups"}, {"start": "00:06:41", "end": "00:06:45", "text": "right now, and Cardano's a part of it."}, {"start": "00:06:43", "end": "00:06:47", "text": "And I'm going to explain why. But, that"}, {"start": "00:06:45", "end": "00:06:49", "text": "14 cent range is something just to keep"}, {"start": "00:06:47", "end": "00:06:52", "text": "in mind as we kind of go through this."}, {"start": "00:06:49", "end": "00:06:55", "text": "Here's the first point. Whales bought"}, {"start": "00:06:52", "end": "00:06:58", "text": "the entire sell-off in June. 40% in"}, {"start": "00:06:55", "end": "00:06:59", "text": "June, like falling 40% in June, the"}, {"start": "00:06:58", "end": "00:07:02", "text": "largest wallets did the opposite of what"}, {"start": "00:06:59", "end": "00:07:03", "text": "everybody's doing. The largest the"}, {"start": "00:07:02", "end": "00:07:05", "text": "largest wallets, if you notice, they're"}, {"start": "00:07:03", "end": "00:07:07", "text": "always just they're quiet. They're just"}, {"start": "00:07:05", "end": "00:07:09", "text": "they're just they're not on social media"}, {"start": "00:07:07", "end": "00:07:11", "text": "probably really. Like they're they're"}, {"start": "00:07:09", "end": "00:07:14", "text": "just there."}, {"start": "00:07:11", "end": "00:07:16", "text": "Whales accumulating, not taking part in"}, {"start": "00:07:14", "end": "00:07:18", "text": "drama, but following fundamentals,"}, {"start": "00:07:16", "end": "00:07:20", "text": "following technicals, and just doing"}, {"start": "00:07:18", "end": "00:07:23", "text": "what they do. And this is this is"}, {"start": "00:07:20", "end": "00:07:24", "text": "crypto, by the way. This is not just"}, {"start": "00:07:23", "end": "00:07:27", "text": "like for ADA. This is what Bitcoin"}, {"start": "00:07:24", "end": "00:07:28", "text": "whales do. This is what whales do. They"}, {"start": "00:07:27", "end": "00:07:30", "text": "don't take part in the drama, and they"}, {"start": "00:07:28", "end": "00:07:32", "text": "don't make emotional decisions. But, you"}, {"start": "00:07:30", "end": "00:07:34", "text": "can see"}, {"start": "00:07:32", "end": "00:07:37", "text": "37.66%"}, {"start": "00:07:34", "end": "00:07:39", "text": "up to 38.13%"}, {"start": "00:07:37", "end": "00:07:42", "text": "share of total ADA supply."}, {"start": "00:07:39", "end": "00:07:44", "text": "Um that's the 10 million to 100 million"}, {"start": "00:07:42", "end": "00:07:47", "text": "ADA wallets. And then we have 1 million"}, {"start": "00:07:44", "end": "00:07:49", "text": "plus ADA wallets, 67.5%"}, {"start": "00:07:47", "end": "00:07:52", "text": "of circulating supply now sits in"}, {"start": "00:07:49", "end": "00:07:55", "text": "wallets holding 1 million ADA or more."}, {"start": "00:07:52", "end": "00:07:57", "text": "Why are wallets that hold a lot just"}, {"start": "00:07:55", "end": "00:07:59", "text": "doing that? Why are they doing that? Why"}, {"start": "00:07:57", "end": "00:08:01", "text": "do Why do they keep accumulating while"}, {"start": "00:07:59", "end": "00:08:02", "text": "retail is completely doing the opposite"}, {"start": "00:08:01", "end": "00:08:04", "text": "thing?"}, {"start": "00:08:02", "end": "00:08:05", "text": "That's something to"}, {"start": "00:08:04", "end": "00:08:08", "text": "think about."}, {"start": "00:08:05", "end": "00:08:09", "text": "Highest whale holdings since February of"}, {"start": "00:08:08", "end": "00:08:11", "text": "2023."}, {"start": "00:08:09", "end": "00:08:14", "text": "So, contextually when we think about"}, {"start": "00:08:11", "end": "00:08:15", "text": "February 2023, just to give you an idea,"}, {"start": "00:08:14", "end": "00:08:18", "text": "that's like back here on the chart. Just"}, {"start": "00:08:15", "end": "00:08:20", "text": "so that you have an idea. ADA"}, {"start": "00:08:18", "end": "00:08:23", "text": "like double of what the price was now is"}, {"start": "00:08:20", "end": "00:08:25", "text": "like around 33 cents at that moment. Um,"}, {"start": "00:08:23", "end": "00:08:28", "text": "but it's just to give you an idea where"}, {"start": "00:08:25", "end": "00:08:30", "text": "ADA was at last time that this happened."}, {"start": "00:08:28", "end": "00:08:32", "text": "Highest whale holdings since February"}, {"start": "00:08:30", "end": "00:08:36", "text": "2023. Key sta- stakeholders, which is"}, {"start": "00:08:32", "end": "00:08:40", "text": "100,000 to 100 million ADA, they added"}, {"start": "00:08:36", "end": "00:08:44", "text": "1.8% over 4 months. While sub-100 ADA"}, {"start": "00:08:40", "end": "00:08:45", "text": "retail wallets dumped 0.7%. Retail,"}, {"start": "00:08:44", "end": "00:08:48", "text": "again, this is illustrated differently."}, {"start": "00:08:45", "end": "00:08:51", "text": "Here's sent a sentiment post. Whales"}, {"start": "00:08:48", "end": "00:08:53", "text": "accumulating while while retail does the"}, {"start": "00:08:51", "end": "00:08:55", "text": "opposite. That is a crypto thing that"}, {"start": "00:08:53", "end": "00:08:57", "text": "you have to pay attention to. If you're"}, {"start": "00:08:55", "end": "00:08:59", "text": "If you're deciding to be a macro crypto"}, {"start": "00:08:57", "end": "00:09:00", "text": "investor, you have to pay attention to"}, {"start": "00:08:59", "end": "00:09:01", "text": "when that is happening. Not just for"}, {"start": "00:09:00", "end": "00:09:04", "text": "ADA,"}, {"start": "00:09:01", "end": "00:09:06", "text": "but for everything. Bitcoin,"}, {"start": "00:09:04", "end": "00:09:08", "text": "crypto in general."}, {"start": "00:09:06", "end": "00:09:10", "text": "Um, so and you can see this post by"}, {"start": "00:09:08", "end": "00:09:13", "text": "Everstake over here. They're doing it at"}, {"start": "00:09:10", "end": "00:09:15", "text": "the fastest pace we've seen in months."}, {"start": "00:09:13", "end": "00:09:16", "text": "The strongest projects are built long"}, {"start": "00:09:15", "end": "00:09:19", "text": "before the market fully recognizes them,"}, {"start": "00:09:16", "end": "00:09:21", "text": "and Cardano continues to prove exactly"}, {"start": "00:09:19", "end": "00:09:22", "text": "that."}, {"start": "00:09:21", "end": "00:09:23", "text": "The other piece to this, and then we're"}, {"start": "00:09:22", "end": "00:09:25", "text": "going to get into institutional side, is"}, {"start": "00:09:23", "end": "00:09:28", "text": "I I have to show you just our risk"}, {"start": "00:09:25", "end": "00:09:29", "text": "scores in our CCV risk model. Um, it's"}, {"start": "00:09:28", "end": "00:09:32", "text": "at a 10 as of today as I'm doing this"}, {"start": "00:09:29", "end": "00:09:35", "text": "video. But And And by the way, at this"}, {"start": "00:09:32", "end": "00:09:38", "text": "risk score of 10, price was higher 94%"}, {"start": "00:09:35", "end": "00:09:40", "text": "of time after 3 months, 100% of the time"}, {"start": "00:09:38", "end": "00:09:42", "text": "after 1 year. But this is what the the"}, {"start": "00:09:40", "end": "00:09:44", "text": "risk model looks like right now. And I"}, {"start": "00:09:42", "end": "00:09:47", "text": "marked, you can see here's a 10 in"}, {"start": "00:09:44", "end": "00:09:49", "text": "December of 2022. That was a bottom, a"}, {"start": "00:09:47", "end": "00:09:52", "text": "bottoming out area I should say. Here's"}, {"start": "00:09:49", "end": "00:09:55", "text": "a 10 in March 2020,"}, {"start": "00:09:52", "end": "00:09:57", "text": "mid-March, that is COVID swing lows. And"}, {"start": "00:09:55", "end": "00:10:01", "text": "here's a six right around a 10 in"}, {"start": "00:09:57", "end": "00:10:04", "text": "December of 2018. We are"}, {"start": "00:10:01", "end": "00:10:05", "text": "only a handful of times at this risk"}, {"start": "00:10:04", "end": "00:10:08", "text": "score that we've been at. And they have"}, {"start": "00:10:05", "end": "00:10:10", "text": "marked bottoms for Cardano. That is not"}, {"start": "00:10:08", "end": "00:10:12", "text": "predictive. Our risk models are based"}, {"start": "00:10:10", "end": "00:10:15", "text": "on, you know,"}, {"start": "00:10:12", "end": "00:10:17", "text": "so many different things, right? Our own"}, {"start": "00:10:15", "end": "00:10:20", "text": "algorithm, as well as emerging uh"}, {"start": "00:10:17", "end": "00:10:22", "text": "emerging asset theory, and volume, and"}, {"start": "00:10:20", "end": "00:10:24", "text": "all these other things. So, it's an"}, {"start": "00:10:22", "end": "00:10:26", "text": "unemotional, non-predictive model of"}, {"start": "00:10:24", "end": "00:10:29", "text": "just here's what"}, {"start": "00:10:26", "end": "00:10:32", "text": "here's where risk was before, and here's"}, {"start": "00:10:29", "end": "00:10:34", "text": "what risk or here's what Cardano did"}, {"start": "00:10:32", "end": "00:10:37", "text": "after that risk score hit. That's that's"}, {"start": "00:10:34", "end": "00:10:38", "text": "all this. And so, 94% of time after 3"}, {"start": "00:10:37", "end": "00:10:41", "text": "months, price was higher at a risk score"}, {"start": "00:10:38", "end": "00:10:44", "text": "of 10, 100% of time after 1 year. That's"}, {"start": "00:10:41", "end": "00:10:45", "text": "it. That's not an opinion, that just is"}, {"start": "00:10:44", "end": "00:10:47", "text": "what it is. And it's not a guarantee"}, {"start": "00:10:45", "end": "00:10:49", "text": "that will happen again, but that is the"}, {"start": "00:10:47", "end": "00:10:50", "text": "data from this model that goes back to"}, {"start": "00:10:49", "end": "00:10:53", "text": "all the way, you can see it looks like"}, {"start": "00:10:50", "end": "00:10:55", "text": "2017, right?"}, {"start": "00:10:53", "end": "00:10:58", "text": "So, keep that in mind along with price"}, {"start": "00:10:55", "end": "00:11:00", "text": "and along with risk. Uh keep those two"}, {"start": "00:10:58", "end": "00:11:02", "text": "things in mind as we as we we we now"}, {"start": "00:11:00", "end": "00:11:05", "text": "talk about this. And whales, the"}, {"start": "00:11:02", "end": "00:11:07", "text": "institutional on-ramp. You can't ignore"}, {"start": "00:11:05", "end": "00:11:10", "text": "this when it comes to Cardano because"}, {"start": "00:11:07", "end": "00:11:11", "text": "Cardano in a sense is an OG, and"}, {"start": "00:11:10", "end": "00:11:14", "text": "institutions, while retail hates"}, {"start": "00:11:11", "end": "00:11:17", "text": "Cardano, actually I shouldn't say that."}, {"start": "00:11:14", "end": "00:11:19", "text": "It's actually insane how much of retail"}, {"start": "00:11:17", "end": "00:11:22", "text": "likes Cardano. The analytics on search"}, {"start": "00:11:19", "end": "00:11:24", "text": "volume on YouTube, it's it's crazy. I"}, {"start": "00:11:22", "end": "00:11:26", "text": "was just looking at it the other day."}, {"start": "00:11:24", "end": "00:11:30", "text": "Cardano community is massive."}, {"start": "00:11:26", "end": "00:11:31", "text": "But from an optics perspective, I guess,"}, {"start": "00:11:30", "end": "00:11:33", "text": "from a headlines perspective, when it"}, {"start": "00:11:31", "end": "00:11:35", "text": "comes to"}, {"start": "00:11:33", "end": "00:11:37", "text": "uh negative narratives coming out in"}, {"start": "00:11:35", "end": "00:11:39", "text": "that sense is what I mean."}, {"start": "00:11:37", "end": "00:11:41", "text": "People hate Cardano and it gets that"}, {"start": "00:11:39", "end": "00:11:43", "text": "negative press, but that actually might"}, {"start": "00:11:41", "end": "00:11:45", "text": "play into the opportunity here because"}, {"start": "00:11:43", "end": "00:11:49", "text": "it does seem like institutions they"}, {"start": "00:11:45", "end": "00:11:51", "text": "ignore that, it seems. Retail it's hard"}, {"start": "00:11:49", "end": "00:11:53", "text": "to ignore. On X you're in the noise,"}, {"start": "00:11:51", "end": "00:11:55", "text": "it's hard to ignore that. But the spot"}, {"start": "00:11:53", "end": "00:11:58", "text": "ETF clock is already running. Under the"}, {"start": "00:11:55", "end": "00:12:01", "text": "SEC's generic listing standards, 6"}, {"start": "00:11:58", "end": "00:12:04", "text": "months of CME futures CME futures"}, {"start": "00:12:01", "end": "00:12:06", "text": "unlocks a streamlined 75-day"}, {"start": "00:12:04", "end": "00:12:09", "text": "spot ETF review. So, here's the"}, {"start": "00:12:06", "end": "00:12:12", "text": "timeline. February 9th, if you remember,"}, {"start": "00:12:09", "end": "00:12:14", "text": "CME ADA futures were launched and that"}, {"start": "00:12:12", "end": "00:12:18", "text": "is when the regulated futures clock"}, {"start": "00:12:14", "end": "00:12:21", "text": "started. That was February 9th, 2026."}, {"start": "00:12:18", "end": "00:12:26", "text": "So, here we are in July 16th."}, {"start": "00:12:21", "end": "00:12:28", "text": "It is August 9th. Is that window opening"}, {"start": "00:12:26", "end": "00:12:31", "text": "from February 9th? That's the"}, {"start": "00:12:28", "end": "00:12:34", "text": "eligibility window."}, {"start": "00:12:31", "end": "00:12:37", "text": "So, decision deadline for Cardano spot"}, {"start": "00:12:34", "end": "00:12:39", "text": "ETF is October 23rd. Just think about"}, {"start": "00:12:37", "end": "00:12:41", "text": "it, we're in mid-July. July to August,"}, {"start": "00:12:39", "end": "00:12:45", "text": "August September, September October,"}, {"start": "00:12:41", "end": "00:12:46", "text": "right? We are entering this very"}, {"start": "00:12:45", "end": "00:12:49", "text": "interesting"}, {"start": "00:12:46", "end": "00:12:52", "text": "window. It's it's it's a narrative. It's"}, {"start": "00:12:49", "end": "00:12:54", "text": "a spot ETF narrative for Cardano. And"}, {"start": "00:12:52", "end": "00:12:56", "text": "the thing that makes it most compelling"}, {"start": "00:12:54", "end": "00:13:00", "text": "is when this is happening. This is"}, {"start": "00:12:56", "end": "00:13:02", "text": "happening when we are in like"}, {"start": "00:13:00", "end": "00:13:04", "text": "cycle lows."}, {"start": "00:13:02", "end": "00:13:07", "text": "Uh from price perspective and then"}, {"start": "00:13:04", "end": "00:13:09", "text": "obviously from a risk model perspective,"}, {"start": "00:13:07", "end": "00:13:12", "text": "which we just looked at."}, {"start": "00:13:09", "end": "00:13:14", "text": "So, that is the Grayscale, that's in"}, {"start": "00:13:12", "end": "00:13:16", "text": "regard to the Grayscale ETF. So, the"}, {"start": "00:13:14", "end": "00:13:19", "text": "other thing is this. Also, this is a"}, {"start": "00:13:16", "end": "00:13:21", "text": "Grayscale uh chart, but Wall Street they"}, {"start": "00:13:19", "end": "00:13:22", "text": "already own ADA"}, {"start": "00:13:21", "end": "00:13:24", "text": "at size."}, {"start": "00:13:22", "end": "00:13:25", "text": "You can see I have this um post. This"}, {"start": "00:13:24", "end": "00:13:27", "text": "was actually, I guess, from earlier"}, {"start": "00:13:25", "end": "00:13:30", "text": "today from Angry Crypto Show. I have"}, {"start": "00:13:27", "end": "00:13:32", "text": "this post here, but CME Group's Cardano"}, {"start": "00:13:30", "end": "00:13:34", "text": "ADA CFTC regulated futures generated"}, {"start": "00:13:32", "end": "00:13:39", "text": "over 56 million in volume during Q2"}, {"start": "00:13:34", "end": "00:13:40", "text": "2026. It's not a leader, right? Um it's"}, {"start": "00:13:39", "end": "00:13:42", "text": "it's actually probably I don't know if"}, {"start": "00:13:40", "end": "00:13:45", "text": "you can see it behind"}, {"start": "00:13:42", "end": "00:13:47", "text": "behind me, but you can see the logo."}, {"start": "00:13:45", "end": "00:13:48", "text": "It's right under Stellar, right up right"}, {"start": "00:13:47", "end": "00:13:51", "text": "above my video here."}, {"start": "00:13:48", "end": "00:13:53", "text": "But it's not at the top. It's not with"}, {"start": "00:13:51", "end": "00:13:55", "text": "Ethereum at 114 billion. But I think the"}, {"start": "00:13:53", "end": "00:13:58", "text": "point is and you can actually see SUI"}, {"start": "00:13:55", "end": "00:13:59", "text": "right there below Cardano. The point is"}, {"start": "00:13:58", "end": "00:14:02", "text": "it's in there."}, {"start": "00:13:59", "end": "00:14:04", "text": "It's it's an OG."}, {"start": "00:14:02", "end": "00:14:07", "text": "It's number three in Grayscale smart"}, {"start": "00:14:04", "end": "00:14:10", "text": "contract platform fund fund sitting at"}, {"start": "00:14:07", "end": "00:14:12", "text": "14% and then next on the on the list is"}, {"start": "00:14:10", "end": "00:14:14", "text": "SUI at 7%."}, {"start": "00:14:12", "end": "00:14:17", "text": "So"}, {"start": "00:14:14", "end": "00:14:18", "text": "this is important to think about as we"}, {"start": "00:14:17", "end": "00:14:19", "text": "continue through these cycles and you're"}, {"start": "00:14:18", "end": "00:14:22", "text": "going to see people that are like,"}, {"start": "00:14:19", "end": "00:14:23", "text": "\"Dude, Cardano's done, dude. Cardano's a"}, {"start": "00:14:22", "end": "00:14:24", "text": "ghost chain. Are you kidding me?\" We're"}, {"start": "00:14:23", "end": "00:14:28", "text": "going to talk about the tech and the"}, {"start": "00:14:24", "end": "00:14:30", "text": "fundamentals in just a moment. But"}, {"start": "00:14:28", "end": "00:14:33", "text": "fine, retail person out there. Say that"}, {"start": "00:14:30", "end": "00:14:34", "text": "about Cardano, but none of this data is"}, {"start": "00:14:33", "end": "00:14:37", "text": "saying that and it and in fact"}, {"start": "00:14:34", "end": "00:14:39", "text": "institutions, they disagree with you."}, {"start": "00:14:37", "end": "00:14:43", "text": "Um and that's just something that is"}, {"start": "00:14:39", "end": "00:14:45", "text": "very important to point out. So"}, {"start": "00:14:43", "end": "00:14:48", "text": "people don't like the the the slow"}, {"start": "00:14:45", "end": "00:14:50", "text": "growth of Cardano tech, but we are now"}, {"start": "00:14:48", "end": "00:14:51", "text": "at network catalyst and this is what I"}, {"start": "00:14:50", "end": "00:14:53", "text": "want to talk about."}, {"start": "00:14:51", "end": "00:14:55", "text": "So three upgrades are converging at"}, {"start": "00:14:53", "end": "00:14:57", "text": "once."}, {"start": "00:14:55", "end": "00:14:59", "text": "The Van Rossum hard fork. So when we"}, {"start": "00:14:57", "end": "00:15:02", "text": "think about the when we think about"}, {"start": "00:14:59", "end": "00:15:05", "text": "Cardano, we think about faster,"}, {"start": "00:15:02", "end": "00:15:08", "text": "cheaper, Plutus smart contracts, native"}, {"start": "00:15:05", "end": "00:15:09", "text": "ZK proof primitive. So zero knowledge"}, {"start": "00:15:08", "end": "00:15:11", "text": "proof and when it comes to this privacy"}, {"start": "00:15:09", "end": "00:15:13", "text": "and all these things, these are these"}, {"start": "00:15:11", "end": "00:15:15", "text": "are so important to what Cardano is"}, {"start": "00:15:13", "end": "00:15:16", "text": "building. Um on-chain vote closes July"}, {"start": "00:15:15", "end": "00:15:19", "text": "18th. So right now as I do the video,"}, {"start": "00:15:16", "end": "00:15:22", "text": "it's July July 16th."}, {"start": "00:15:19", "end": "00:15:24", "text": "Um and then we have RealFi phase one,"}, {"start": "00:15:22", "end": "00:15:27", "text": "USDR stablecoin ties on chain yield to"}, {"start": "00:15:24", "end": "00:15:29", "text": "real world credit, treasuries, bonds,"}, {"start": "00:15:27", "end": "00:15:32", "text": "and business lending."}, {"start": "00:15:29", "end": "00:15:34", "text": "Um and then public testnet for the Leos"}, {"start": "00:15:32", "end": "00:15:37", "text": "scaling. This is This is a massive one."}, {"start": "00:15:34", "end": "00:15:38", "text": "And just notice the date, November 2026."}, {"start": "00:15:37", "end": "00:15:42", "text": "Um"}, {"start": "00:15:38", "end": "00:15:44", "text": "November 2026 target."}, {"start": "00:15:42", "end": "00:15:47", "text": "If you remember the the testnet for Leos"}, {"start": "00:15:44", "end": "00:15:50", "text": "went live in June. And so this is the"}, {"start": "00:15:47", "end": "00:15:52", "text": "scaling aspect of Cardano. The This is"}, {"start": "00:15:50", "end": "00:15:54", "text": "huge when it comes to really the"}, {"start": "00:15:52", "end": "00:15:58", "text": "criticism that Cardano gets. So 10 to"}, {"start": "00:15:54", "end": "00:15:59", "text": "65x today's throughput."}, {"start": "00:15:58", "end": "00:16:01", "text": "And that is the answer to Cardano's"}, {"start": "00:15:59", "end": "00:16:03", "text": "capacity ceiling that a lot of people"}, {"start": "00:16:01", "end": "00:16:05", "text": "have a problem with. A lot of people"}, {"start": "00:16:03", "end": "00:16:08", "text": "they really throw fud at if you want to"}, {"start": "00:16:05", "end": "00:16:10", "text": "call it that. Um so"}, {"start": "00:16:08", "end": "00:16:12", "text": "the fundamentals never left. Price is at"}, {"start": "00:16:10", "end": "00:16:14", "text": "multi-year lows, yes."}, {"start": "00:16:12", "end": "00:16:16", "text": "The network that's underneath Cardano,"}, {"start": "00:16:14", "end": "00:16:17", "text": "it's the strongest it's ever been. I saw"}, {"start": "00:16:16", "end": "00:16:20", "text": "this post from Cardano Foundation,"}, {"start": "00:16:17", "end": "00:16:23", "text": "staking our Cardano no lockups, no"}, {"start": "00:16:20", "end": "00:16:26", "text": "slashing, rewards every 5 days, auto"}, {"start": "00:16:23", "end": "00:16:27", "text": "compounded, your ADA stays liquid. I"}, {"start": "00:16:26", "end": "00:16:29", "text": "feel like a lot of people still don't"}, {"start": "00:16:27", "end": "00:16:33", "text": "know that. And it stays in your wallet."}, {"start": "00:16:29", "end": "00:16:36", "text": "It's just It's crazy. 63% of ADA total"}, {"start": "00:16:33", "end": "00:16:39", "text": "ADA supply is staked. Among the highest"}, {"start": "00:16:36", "end": "00:16:40", "text": "rates in crypto. 3,000 independent stake"}, {"start": "00:16:39", "end": "00:16:42", "text": "pools securing the network worldwide."}, {"start": "00:16:40", "end": "00:16:45", "text": "You can see CCV over here. I posted"}, {"start": "00:16:42", "end": "00:16:47", "text": "about this the other day. We've got 164"}, {"start": "00:16:45", "end": "00:16:48", "text": "million ADA staked, everybody. You would"}, {"start": "00:16:47", "end": "00:16:51", "text": "think"}, {"start": "00:16:48", "end": "00:16:53", "text": "I mean I've I I really would have would"}, {"start": "00:16:51", "end": "00:16:55", "text": "have thought after all of this mess, you"}, {"start": "00:16:53", "end": "00:16:57", "text": "would just think, dude, stake CCV stake"}, {"start": "00:16:55", "end": "00:16:59", "text": "pools are done."}, {"start": "00:16:57", "end": "00:17:02", "text": "Like everybody would have left, right?"}, {"start": "00:16:59", "end": "00:17:06", "text": "Maybe there'll be like 15 million ADA"}, {"start": "00:17:02", "end": "00:17:10", "text": "staked left. There's 164 million"}, {"start": "00:17:06", "end": "00:17:11", "text": "ADA staked in our CCV stake pools."}, {"start": "00:17:10", "end": "00:17:15", "text": "That's crazy."}, {"start": "00:17:11", "end": "00:17:17", "text": "Um so uh it's just Cardano is is the"}, {"start": "00:17:15", "end": "00:17:20", "text": "fundamentals have only gotten better is"}, {"start": "00:17:17", "end": "00:17:22", "text": "my point. Does So, the whole thing about"}, {"start": "00:17:20", "end": "00:17:24", "text": "price doesn't matter, I I do I disagree"}, {"start": "00:17:22", "end": "00:17:26", "text": "with that like from a broad perspective."}, {"start": "00:17:24", "end": "00:17:29", "text": "Like price matters. It just does. Price"}, {"start": "00:17:26", "end": "00:17:31", "text": "matters for for crypto projects. But, in"}, {"start": "00:17:29", "end": "00:17:34", "text": "this context it is like you can see how"}, {"start": "00:17:31", "end": "00:17:37", "text": "price doesn't matter. When when the the"}, {"start": "00:17:34", "end": "00:17:40", "text": "fundamentals and the technology is"}, {"start": "00:17:37", "end": "00:17:41", "text": "expanding and getting stronger and"}, {"start": "00:17:40", "end": "00:17:44", "text": "things are just getting better while"}, {"start": "00:17:41", "end": "00:17:45", "text": "price goes down, that disconnect is real"}, {"start": "00:17:44", "end": "00:17:49", "text": "and there is a certain sense where it"}, {"start": "00:17:45", "end": "00:17:51", "text": "doesn't it doesn't matter. Um and so, I"}, {"start": "00:17:49", "end": "00:17:52", "text": "just wanted to bring that up to you. So,"}, {"start": "00:17:51", "end": "00:17:55", "text": "here are risks and I have to bring these"}, {"start": "00:17:52", "end": "00:17:57", "text": "risks up. I bring up my my own, you"}, {"start": "00:17:55", "end": "00:17:59", "text": "know, issues with Cardano like the"}, {"start": "00:17:57", "end": "00:18:02", "text": "frustrations that are there. But, it's"}, {"start": "00:17:59", "end": "00:18:04", "text": "this and these are very real risks."}, {"start": "00:18:02", "end": "00:18:07", "text": "There's four here. Well, mainly three,"}, {"start": "00:18:04", "end": "00:18:09", "text": "but usage is weak."}, {"start": "00:18:07", "end": "00:18:11", "text": "It just is."}, {"start": "00:18:09", "end": "00:18:13", "text": "Um sometimes embarrassingly weak if you"}, {"start": "00:18:11", "end": "00:18:14", "text": "think about it."}, {"start": "00:18:13", "end": "00:18:16", "text": "Uh but,"}, {"start": "00:18:14", "end": "00:18:18", "text": "other networks they they really do"}, {"start": "00:18:16", "end": "00:18:21", "text": "struggle in in similar ways. Maybe not"}, {"start": "00:18:18", "end": "00:18:24", "text": "from like a volume perspective, but"}, {"start": "00:18:21", "end": "00:18:26", "text": "daily transactions fell to 17,400 in"}, {"start": "00:18:24", "end": "00:18:29", "text": "late June, near a 45-day low."}, {"start": "00:18:26", "end": "00:18:30", "text": "Accumulation without activity is a bet"}, {"start": "00:18:29", "end": "00:18:32", "text": "on the future, not the present, right?"}, {"start": "00:18:30", "end": "00:18:35", "text": "So, it's not like if you're accumulating"}, {"start": "00:18:32", "end": "00:18:37", "text": "crypto or or Cardano at these levels,"}, {"start": "00:18:35", "end": "00:18:39", "text": "you're not like, \"Man, dude, the usage"}, {"start": "00:18:37", "end": "00:18:42", "text": "is exploding. This is looking really"}, {"start": "00:18:39", "end": "00:18:44", "text": "good.\" You're kind of like, \"All right,"}, {"start": "00:18:42", "end": "00:18:46", "text": "usage will get there, right?\" Because of"}, {"start": "00:18:44", "end": "00:18:48", "text": "these upgrades that we just talked"}, {"start": "00:18:46", "end": "00:18:50", "text": "about. It's really going to help Cardano"}, {"start": "00:18:48", "end": "00:18:51", "text": "in terms of the growth and and really"}, {"start": "00:18:50", "end": "00:18:54", "text": "maybe even connecting to the rest of the"}, {"start": "00:18:51", "end": "00:18:57", "text": "crypto ecosystem. So, that is a value"}, {"start": "00:18:54", "end": "00:19:01", "text": "play right there. DeFi is small. TVL"}, {"start": "00:18:57", "end": "00:19:03", "text": "around 552 million. Embarrassingly low."}, {"start": "00:19:01", "end": "00:19:07", "text": "Uh if you think about it in context to"}, {"start": "00:19:03", "end": "00:19:09", "text": "Ethereum, it's 1% of Ethereum."}, {"start": "00:19:07", "end": "00:19:11", "text": "So,"}, {"start": "00:19:09", "end": "00:19:14", "text": "capital efficiency has lagged peers for"}, {"start": "00:19:11", "end": "00:19:16", "text": "years and that is very true. And it's"}, {"start": "00:19:14", "end": "00:19:17", "text": "just something that it it needs to to"}, {"start": "00:19:16", "end": "00:19:18", "text": "change."}, {"start": "00:19:17", "end": "00:19:19", "text": "Um"}, {"start": "00:19:18", "end": "00:19:21", "text": "but hopefully that's something that can"}, {"start": "00:19:19", "end": "00:19:22", "text": "change and will change with these"}, {"start": "00:19:21", "end": "00:19:24", "text": "upgrades."}, {"start": "00:19:22", "end": "00:19:25", "text": "And then we have execution risk. RealFi"}, {"start": "00:19:24", "end": "00:19:27", "text": "has"}, {"start": "00:19:25", "end": "00:19:29", "text": "been a Cardano narrative for years."}, {"start": "00:19:27", "end": "00:19:33", "text": "Leios throughput numbers are internal"}, {"start": "00:19:29", "end": "00:19:35", "text": "targets, unproven under real world load."}, {"start": "00:19:33", "end": "00:19:37", "text": "So,"}, {"start": "00:19:35", "end": "00:19:38", "text": "November target, right, for Leios? Let's"}, {"start": "00:19:37", "end": "00:19:40", "text": "see what happens."}, {"start": "00:19:38", "end": "00:19:43", "text": "It's a very strong tech. It's a very"}, {"start": "00:19:40", "end": "00:19:45", "text": "strong narrative that Cardano has."}, {"start": "00:19:43", "end": "00:19:46", "text": "Um and then the lastly, it is in terms"}, {"start": "00:19:45", "end": "00:19:49", "text": "of ETFs, nothing's guaranteed. The ETF"}, {"start": "00:19:46", "end": "00:19:52", "text": "review, it's a private it's a process."}, {"start": "00:19:49", "end": "00:19:54", "text": "Um approval can be delayed or denied."}, {"start": "00:19:52", "end": "00:19:55", "text": "And then that really is"}, {"start": "00:19:54", "end": "00:19:57", "text": "just couldn't that wouldn't be great,"}, {"start": "00:19:55", "end": "00:19:59", "text": "right?"}, {"start": "00:19:57", "end": "00:20:02", "text": "Here's what to keep in mind."}, {"start": "00:19:59", "end": "00:20:04", "text": "Shrinking supply, institutional rails, a"}, {"start": "00:20:02", "end": "00:20:06", "text": "ton of supply locked up in Cardano"}, {"start": "00:20:04", "end": "00:20:09", "text": "staking, and we have a very nice"}, {"start": "00:20:06", "end": "00:20:12", "text": "calendar of events actually setting up"}, {"start": "00:20:09", "end": "00:20:14", "text": "through Q3 going into Q4. Whales hold"}, {"start": "00:20:12", "end": "00:20:17", "text": "more of the float than any point of the"}, {"start": "00:20:14", "end": "00:20:19", "text": "cycle. The ETF window is here. We have"}, {"start": "00:20:17", "end": "00:20:21", "text": "all these upgrades with Cardano."}, {"start": "00:20:19", "end": "00:20:22", "text": "Obviously, the price does not reflect"}, {"start": "00:20:21", "end": "00:20:25", "text": "this"}, {"start": "00:20:22", "end": "00:20:27", "text": "at all. But welcome to crypto. This is"}, {"start": "00:20:25", "end": "00:20:28", "text": "true for everything. This is true for"}, {"start": "00:20:27", "end": "00:20:30", "text": "every crypto chart. You go look at"}, {"start": "00:20:28", "end": "00:20:32", "text": "Chainlink. Are you kidding me how how"}, {"start": "00:20:30", "end": "00:20:34", "text": "bullish Chainlink is and what it's doing"}, {"start": "00:20:32", "end": "00:20:35", "text": "for the crypto space?"}, {"start": "00:20:34", "end": "00:20:36", "text": "And just look at the chart for"}, {"start": "00:20:35", "end": "00:20:38", "text": "Chainlink."}, {"start": "00:20:36", "end": "00:20:41", "text": "Sui is another one. Look at the chart"}, {"start": "00:20:38", "end": "00:20:42", "text": "for Sui. But they have such good things"}, {"start": "00:20:41", "end": "00:20:44", "text": "going on from a tech perspective as"}, {"start": "00:20:42", "end": "00:20:46", "text": "well."}, {"start": "00:20:44", "end": "00:20:48", "text": "This is where Cardano is."}, {"start": "00:20:46", "end": "00:20:49", "text": "I sent a message to a buddy. I'm like,"}, {"start": "00:20:48", "end": "00:20:52", "text": "you know, I I know I've been"}, {"start": "00:20:49", "end": "00:20:54", "text": "diversifying and I know I've just like"}, {"start": "00:20:52", "end": "00:20:55", "text": "kind of like, all right,"}, {"start": "00:20:54", "end": "00:20:57", "text": "let's see what happens with Cardano, but"}, {"start": "00:20:55", "end": "00:21:00", "text": "I'm just like I'm chilling. All the"}, {"start": "00:20:57", "end": "00:21:02", "text": "drama, I'm just chilling with it."}, {"start": "00:21:00", "end": "00:21:05", "text": "But if Cardano starts falling even more,"}, {"start": "00:21:02", "end": "00:21:07", "text": "I mean, it's at 16 cents. If Cardano's"}, {"start": "00:21:05", "end": "00:21:08", "text": "at 10 cents,"}, {"start": "00:21:07", "end": "00:21:11", "text": "I mean,"}, {"start": "00:21:08", "end": "00:21:13", "text": "10 cents to a dollar is a 10x."}, {"start": "00:21:11", "end": "00:21:15", "text": "If crypto enters a bull market, you can"}, {"start": "00:21:13", "end": "00:21:18", "text": "see it from this presentation, Cardano's"}, {"start": "00:21:15", "end": "00:21:20", "text": "just positioned. It's positioned well."}, {"start": "00:21:18", "end": "00:21:23", "text": "You can't argue it"}, {"start": "00:21:20", "end": "00:21:24", "text": "um with just it's a it's a ghost chain."}, {"start": "00:21:23", "end": "00:21:26", "text": "It doesn't work."}, {"start": "00:21:24", "end": "00:21:28", "text": "Because you can see how institutions are"}, {"start": "00:21:26", "end": "00:21:30", "text": "ignoring that narrative. The tech"}, {"start": "00:21:28", "end": "00:21:32", "text": "fundamentally is continuing to develop"}, {"start": "00:21:30", "end": "00:21:35", "text": "and the the chain is becoming more"}, {"start": "00:21:32", "end": "00:21:36", "text": "secure, decentralized, and the"}, {"start": "00:21:35", "end": "00:21:38", "text": "throughput obviously is being worked on"}, {"start": "00:21:36", "end": "00:21:40", "text": "right now. So, it's getting better."}, {"start": "00:21:38", "end": "00:21:42", "text": "Um"}, {"start": "00:21:40", "end": "00:21:45", "text": "so, this is where we are. This is not a"}, {"start": "00:21:42", "end": "00:21:47", "text": "video to say go buy Cardano. This is"}, {"start": "00:21:45", "end": "00:21:48", "text": "just a kind of kind of round up of where"}, {"start": "00:21:47", "end": "00:21:49", "text": "Cardano is right now at this part of the"}, {"start": "00:21:48", "end": "00:21:52", "text": "cycle and I wanted to try and be very"}, {"start": "00:21:49", "end": "00:21:54", "text": "real about it because I know I'm I'm I"}, {"start": "00:21:52", "end": "00:21:56", "text": "know I've been a Cardano bull since all"}, {"start": "00:21:54", "end": "00:21:57", "text": "the way back here, man. We rode it up"}, {"start": "00:21:56", "end": "00:21:59", "text": "and we rode it back down and prepared"}, {"start": "00:21:57", "end": "00:22:00", "text": "for the next bull cycle. It hadn't come"}, {"start": "00:21:59", "end": "00:22:02", "text": "yet. And I know there's a lot of"}, {"start": "00:22:00", "end": "00:22:04", "text": "disappointed people out there, but I"}, {"start": "00:22:02", "end": "00:22:06", "text": "just want you to know I'm equally as"}, {"start": "00:22:04", "end": "00:22:08", "text": "disappointed everybody. And I hope you"}, {"start": "00:22:06", "end": "00:22:09", "text": "can, you know, I know maybe some of you"}, {"start": "00:22:08", "end": "00:22:11", "text": "are frustrated even with me that I've"}, {"start": "00:22:09", "end": "00:22:13", "text": "been so bullish and this didn't play out"}, {"start": "00:22:11", "end": "00:22:16", "text": "how we thought. But I hope you can"}, {"start": "00:22:13", "end": "00:22:17", "text": "remember crypto in general right now in"}, {"start": "00:22:16", "end": "00:22:19", "text": "terms of all coins has not really played"}, {"start": "00:22:17", "end": "00:22:22", "text": "out how anybody thought it would. And"}, {"start": "00:22:19", "end": "00:22:24", "text": "that's just how it is. We anticipate"}, {"start": "00:22:22", "end": "00:22:25", "text": "these things. We prepare for the worst."}, {"start": "00:22:24", "end": "00:22:26", "text": "I always say prepare it could it could"}, {"start": "00:22:25", "end": "00:22:29", "text": "go to zero and we don't get a bull"}, {"start": "00:22:26", "end": "00:22:31", "text": "market. I mean, we're close."}, {"start": "00:22:29", "end": "00:22:32", "text": "We're 16 cents away."}, {"start": "00:22:31", "end": "00:22:35", "text": "So,"}, {"start": "00:22:32", "end": "00:22:38", "text": "with that being said, if we can balance"}, {"start": "00:22:35", "end": "00:22:40", "text": "our risk and have a plan and roll with"}, {"start": "00:22:38", "end": "00:22:41", "text": "the punches, I don't think Cardano's"}, {"start": "00:22:40", "end": "00:22:44", "text": "going anywhere. I don't think crypto's"}, {"start": "00:22:41", "end": "00:22:46", "text": "going anywhere. And if this thing turns"}, {"start": "00:22:44", "end": "00:22:49", "text": "around, the opportunity has only become"}, {"start": "00:22:46", "end": "00:22:52", "text": "stronger. And if we dip more going into"}, {"start": "00:22:49", "end": "00:22:54", "text": "the rest of this quarter and to Q4 and"}, {"start": "00:22:52", "end": "00:22:56", "text": "we're sub 10 cents on Cardano, which"}, {"start": "00:22:54", "end": "00:22:58", "text": "institutions and whales are are just"}, {"start": "00:22:56", "end": "00:23:00", "text": "getting into, while we have an ETF"}, {"start": "00:22:58", "end": "00:23:02", "text": "pending approval as we're under 10 cents"}, {"start": "00:23:00", "end": "00:23:04", "text": "if that happens,"}, {"start": "00:23:02", "end": "00:23:05", "text": "that's compelling. That is a compelling"}, {"start": "00:23:04", "end": "00:23:07", "text": "crypto"}, {"start": "00:23:05", "end": "00:23:09", "text": "uh in this world of crypto. So, I wanted"}, {"start": "00:23:07", "end": "00:23:10", "text": "to present this to you in a little bit"}, {"start": "00:23:09", "end": "00:23:13", "text": "of a different way and walk through it"}, {"start": "00:23:10", "end": "00:23:15", "text": "with you and really just bring a whole"}, {"start": "00:23:13", "end": "00:23:17", "text": "rounded video to you because"}, {"start": "00:23:15", "end": "00:23:18", "text": "um I haven't been doing a ton of Cardano"}, {"start": "00:23:17", "end": "00:23:20", "text": "content in general, so I thought it"}, {"start": "00:23:18", "end": "00:23:22", "text": "would be valuable. I hope you enjoyed"}, {"start": "00:23:20", "end": "00:23:24", "text": "it. If you did, please smash that like"}, {"start": "00:23:22", "end": "00:23:25", "text": "button. That support means a ton. If"}, {"start": "00:23:24", "end": "00:23:27", "text": "you're a subscriber and you don't have"}, {"start": "00:23:25", "end": "00:23:29", "text": "notifications on, turn the notification"}, {"start": "00:23:27", "end": "00:23:30", "text": "bell on. That helps the channel a lot."}, {"start": "00:23:29", "end": "00:23:32", "text": "And if you're not a subscriber, please"}, {"start": "00:23:30", "end": "00:23:36", "text": "subscribe. I will see you all in the"}, {"start": "00:23:32", "end": "00:23:36", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Bitcoin versus gold following the"}, {"start": "00:00:01", "end": "00:00:05", "text": "four-year cycle. Yeah, it's bottomed at"}, {"start": "00:00:03", "end": "00:00:07", "text": "the same exact time every time. But"}, {"start": "00:00:05", "end": "00:00:11", "text": "what's happening now is it's not"}, {"start": "00:00:07", "end": "00:00:12", "text": "supposed to bottom until October 2026."}, {"start": "00:00:11", "end": "00:00:14", "text": "And that doesn't look like it's the"}, {"start": "00:00:12", "end": "00:00:17", "text": "case. So, there could be something else"}, {"start": "00:00:14", "end": "00:00:19", "text": "going on here. And that something else"}, {"start": "00:00:17", "end": "00:00:21", "text": "very much could be the business cycle,"}, {"start": "00:00:19", "end": "00:00:22", "text": "not the four-year cycle. Everyone in"}, {"start": "00:00:21", "end": "00:00:25", "text": "crypto right now is watching the same"}, {"start": "00:00:22", "end": "00:00:28", "text": "exact clock. It's the four-year cycle."}, {"start": "00:00:25", "end": "00:00:30", "text": "365 days or so after Bitcoin all-time"}, {"start": "00:00:28", "end": "00:00:32", "text": "high, Bitcoin will bottom. That's part"}, {"start": "00:00:30", "end": "00:00:34", "text": "of the four-year cycle. That's what"}, {"start": "00:00:32", "end": "00:00:36", "text": "Bitcoin does. It's not complicated. But"}, {"start": "00:00:34", "end": "00:00:38", "text": "here's the problem. Bitcoin priced in"}, {"start": "00:00:36", "end": "00:00:41", "text": "gold looks like it's already bottomed"}, {"start": "00:00:38", "end": "00:00:43", "text": "early. And if that's true, the four-year"}, {"start": "00:00:41", "end": "00:00:46", "text": "cycle might not be driving this market"}, {"start": "00:00:43", "end": "00:00:49", "text": "at all. It's the business cycle. It's"}, {"start": "00:00:46", "end": "00:00:51", "text": "economics. Copper versus gold called it."}, {"start": "00:00:49", "end": "00:00:54", "text": "Russell 2000 is confirming it, and it"}, {"start": "00:00:51", "end": "00:00:56", "text": "does every cycle. No one argues that,"}, {"start": "00:00:54", "end": "00:00:58", "text": "but nobody wants to believe that crypto"}, {"start": "00:00:56", "end": "00:01:00", "text": "could also be following the business"}, {"start": "00:00:58", "end": "00:01:02", "text": "cycle. But there is a chart, an actual"}, {"start": "00:01:00", "end": "00:01:05", "text": "crypto chart that tracks the business"}, {"start": "00:01:02", "end": "00:01:07", "text": "cycle very nicely. So, what if Bitcoin's"}, {"start": "00:01:05", "end": "00:01:10", "text": "just in a midcycle consolidation and all"}, {"start": "00:01:07", "end": "00:01:14", "text": "coins are getting ready to break out of"}, {"start": "00:01:10", "end": "00:01:14", "text": "their 5-year bare market?"}, {"start": "00:01:15", "end": "00:01:18", "text": "What's up, everyone? Welcome to Crypto"}, {"start": "00:01:16", "end": "00:01:20", "text": "Capital Venture. Hit the subscribe on"}, {"start": "00:01:18", "end": "00:01:22", "text": "the way in for the very best crypto news"}, {"start": "00:01:20", "end": "00:01:23", "text": "and analysis. So here's Bitcoin charts"}, {"start": "00:01:22", "end": "00:01:26", "text": "and I really want to walk through this"}, {"start": "00:01:23", "end": "00:01:28", "text": "thoughtfully and I just want to propose,"}, {"start": "00:01:26", "end": "00:01:30", "text": "you know, the lens in which I'm watching"}, {"start": "00:01:28", "end": "00:01:32", "text": "these markets and that's all that is."}, {"start": "00:01:30", "end": "00:01:34", "text": "This is just my opinion on the markets."}, {"start": "00:01:32", "end": "00:01:36", "text": "But just look at this and it's"}, {"start": "00:01:34", "end": "00:01:39", "text": "compelling, right? I mean we have this"}, {"start": "00:01:36", "end": "00:01:41", "text": "all-time high December 2017, Bitcoin"}, {"start": "00:01:39", "end": "00:01:43", "text": "bottoms around a year later. We have"}, {"start": "00:01:41", "end": "00:01:46", "text": "all-time high here. Bitcoin bottoms"}, {"start": "00:01:43", "end": "00:01:48", "text": "around a year later. And so the general"}, {"start": "00:01:46", "end": "00:01:51", "text": "thought and really the rule of thumb is"}, {"start": "00:01:48", "end": "00:01:54", "text": "October 5th is the bottom a year later."}, {"start": "00:01:51", "end": "00:01:55", "text": "Let's not let's not over complicate it."}, {"start": "00:01:54", "end": "00:01:58", "text": "But I want to propose to you just"}, {"start": "00:01:55", "end": "00:02:01", "text": "different data because a bunch of other"}, {"start": "00:01:58", "end": "00:02:04", "text": "markets are following kind of this other"}, {"start": "00:02:01", "end": "00:02:08", "text": "piece of data. And in my opinion, there"}, {"start": "00:02:04", "end": "00:02:11", "text": "is zero reason to at least think about"}, {"start": "00:02:08", "end": "00:02:13", "text": "or consider that crypto and even Bitcoin"}, {"start": "00:02:11", "end": "00:02:14", "text": "is doing the same. I posted this"}, {"start": "00:02:13", "end": "00:02:16", "text": "yesterday. What if Bitcoin's in a"}, {"start": "00:02:14", "end": "00:02:18", "text": "mid-cycle consolidation preparing for"}, {"start": "00:02:16", "end": "00:02:20", "text": "its actual expansion bull phase and"}, {"start": "00:02:18", "end": "00:02:23", "text": "altcoins are getting ready to exit their"}, {"start": "00:02:20", "end": "00:02:24", "text": "5-year bare market? So, people argue"}, {"start": "00:02:23", "end": "00:02:26", "text": "with me a lot like what are you talking"}, {"start": "00:02:24", "end": "00:02:28", "text": "about? We've not had a bull market. Look"}, {"start": "00:02:26", "end": "00:02:32", "text": "at the Bitcoin chart. And I 100 I 100%"}, {"start": "00:02:28", "end": "00:02:37", "text": "understand that. But what I want to"}, {"start": "00:02:32", "end": "00:02:39", "text": "propose to you is the expansive"}, {"start": "00:02:37", "end": "00:02:41", "text": "Bitcoin bull market. The Bitcoin bull"}, {"start": "00:02:39", "end": "00:02:44", "text": "markets that we've had every cycle has"}, {"start": "00:02:41", "end": "00:02:45", "text": "not happened yet. This was not it, but"}, {"start": "00:02:44", "end": "00:02:47", "text": "it's getting ready to happen. And it has"}, {"start": "00:02:45", "end": "00:02:50", "text": "to do with not the four-year cycle, but"}, {"start": "00:02:47", "end": "00:02:51", "text": "it has to do with Bitcoin. So, what I"}, {"start": "00:02:50", "end": "00:02:54", "text": "want to show you though is the Bitcoin"}, {"start": "00:02:51", "end": "00:02:56", "text": "versus gold chart because yes, we have"}, {"start": "00:02:54", "end": "00:02:58", "text": "four-year cycle that says October 5th is"}, {"start": "00:02:56", "end": "00:03:00", "text": "the bottom. Boom. This marks the bottom"}, {"start": "00:02:58", "end": "00:03:01", "text": "like every cycle. I want to go over to"}, {"start": "00:03:00", "end": "00:03:03", "text": "Bitcoin Gold. I just want to show you"}, {"start": "00:03:01", "end": "00:03:05", "text": "something because this would be weird"}, {"start": "00:03:03", "end": "00:03:07", "text": "that Bitcoin versus gold is doing this."}, {"start": "00:03:05", "end": "00:03:09", "text": "First off, I want to just point out to"}, {"start": "00:03:07", "end": "00:03:10", "text": "you Bitcoin versus gold when we're"}, {"start": "00:03:09", "end": "00:03:12", "text": "looking at this from just a technical"}, {"start": "00:03:10", "end": "00:03:16", "text": "perspective. Look at this 20week moving"}, {"start": "00:03:12", "end": "00:03:18", "text": "average. We we tried to break above this"}, {"start": "00:03:16", "end": "00:03:20", "text": "back in April and it failed. It came"}, {"start": "00:03:18", "end": "00:03:23", "text": "back down testing it which is kind of"}, {"start": "00:03:20", "end": "00:03:26", "text": "normal for just a shift of a moving"}, {"start": "00:03:23", "end": "00:03:28", "text": "average line like the 20we. But right"}, {"start": "00:03:26", "end": "00:03:29", "text": "now Bitcoin versus gold, Bitcoin is"}, {"start": "00:03:28", "end": "00:03:31", "text": "popping above the 20week moving average."}, {"start": "00:03:29", "end": "00:03:34", "text": "That's a very big deal when we're"}, {"start": "00:03:31", "end": "00:03:37", "text": "thinking about four-year cycles. So here"}, {"start": "00:03:34", "end": "00:03:38", "text": "is these yellow lines. This is basically"}, {"start": "00:03:37", "end": "00:03:40", "text": "four-year cycles. Here's Bitcoin"}, {"start": "00:03:38", "end": "00:03:42", "text": "bottoming in the four-year cycle. And"}, {"start": "00:03:40", "end": "00:03:45", "text": "this is what it looks like on the USD"}, {"start": "00:03:42", "end": "00:03:48", "text": "chart, right? December 2018 and then"}, {"start": "00:03:45", "end": "00:03:51", "text": "November uh 2022."}, {"start": "00:03:48", "end": "00:03:53", "text": "Take those dates on this Bitcoin versus"}, {"start": "00:03:51", "end": "00:03:55", "text": "gold chart. There's the bottom, right,"}, {"start": "00:03:53", "end": "00:03:57", "text": "for Bitcoin versus gold both times."}, {"start": "00:03:55", "end": "00:04:00", "text": "Here's the thing. What's happening right"}, {"start": "00:03:57", "end": "00:04:02", "text": "now on Bitcoin versus gold is very"}, {"start": "00:04:00", "end": "00:04:05", "text": "different than what has happened in the"}, {"start": "00:04:02", "end": "00:04:07", "text": "previous four-year cycles. And that is"}, {"start": "00:04:05", "end": "00:04:09", "text": "it's looking like it's already bottomed,"}, {"start": "00:04:07", "end": "00:04:13", "text": "right? You can actually see February of"}, {"start": "00:04:09", "end": "00:04:16", "text": "2025 or 2026, Bitcoin looks like it has"}, {"start": "00:04:13", "end": "00:04:18", "text": "bottomed, but we get a couple hints."}, {"start": "00:04:16", "end": "00:04:20", "text": "It's a confluence of multiple things"}, {"start": "00:04:18", "end": "00:04:24", "text": "happening. Look at the RSI in February"}, {"start": "00:04:20", "end": "00:04:27", "text": "of 2026. Bitcoin bottoming. Look at the"}, {"start": "00:04:24", "end": "00:04:29", "text": "RSI uh for instance in December 2018."}, {"start": "00:04:27", "end": "00:04:32", "text": "Just look at that oversold bottom."}, {"start": "00:04:29", "end": "00:04:36", "text": "Here's the oversold bottom. Here's the"}, {"start": "00:04:32", "end": "00:04:38", "text": "oversold bottom uh back in 2022. But"}, {"start": "00:04:36", "end": "00:04:40", "text": "it's not just the momentum of Bitcoin"}, {"start": "00:04:38", "end": "00:04:42", "text": "versus gold, right? And you can actually"}, {"start": "00:04:40", "end": "00:04:45", "text": "see it on the MACD as well. Look at this"}, {"start": "00:04:42", "end": "00:04:47", "text": "momentum to the upside on Bitcoin versus"}, {"start": "00:04:45", "end": "00:04:49", "text": "gold. Bitcoin versus gold is not"}, {"start": "00:04:47", "end": "00:04:52", "text": "supposed to bottom if it follows"}, {"start": "00:04:49", "end": "00:04:54", "text": "four-year cycle until October because"}, {"start": "00:04:52", "end": "00:04:56", "text": "Bitcoin versus gold has has really"}, {"start": "00:04:54", "end": "00:04:59", "text": "followed four-year cycle even on the USD"}, {"start": "00:04:56", "end": "00:05:01", "text": "pair in terms of these previous bottoms."}, {"start": "00:04:59", "end": "00:05:03", "text": "But it's what's happening in confluence"}, {"start": "00:05:01", "end": "00:05:05", "text": "with that momentum on the Bitcoin versus"}, {"start": "00:05:03", "end": "00:05:08", "text": "gold chart. And it's this Bitcoin versus"}, {"start": "00:05:05", "end": "00:05:10", "text": "gold is popping above the 20we. So if"}, {"start": "00:05:08", "end": "00:05:13", "text": "you look at previous bottoms on Bitcoin"}, {"start": "00:05:10", "end": "00:05:17", "text": "versus gold, you can see the four-year"}, {"start": "00:05:13", "end": "00:05:19", "text": "cycle bottom is here, right? Boom, boom."}, {"start": "00:05:17", "end": "00:05:22", "text": "And supposedly it's supposed to be here"}, {"start": "00:05:19", "end": "00:05:24", "text": "and maybe it will, I don't know. But"}, {"start": "00:05:22", "end": "00:05:26", "text": "right now, what's happening is Bitcoin"}, {"start": "00:05:24", "end": "00:05:28", "text": "versus gold, Bitcoin is popping above"}, {"start": "00:05:26", "end": "00:05:32", "text": "that 20week moving average. And this has"}, {"start": "00:05:28", "end": "00:05:35", "text": "been the move that has really confirmed"}, {"start": "00:05:32", "end": "00:05:38", "text": "the bottom for Bitcoin versus gold. So"}, {"start": "00:05:35", "end": "00:05:39", "text": "the bottom for Bitcoin versus gold"}, {"start": "00:05:38", "end": "00:05:40", "text": "compared to four-ear cycle and"}, {"start": "00:05:39", "end": "00:05:43", "text": "everything that has happened for four"}, {"start": "00:05:40", "end": "00:05:46", "text": "year cycle is different this time. So"}, {"start": "00:05:43", "end": "00:05:48", "text": "that's the first thing to consider. Why"}, {"start": "00:05:46", "end": "00:05:51", "text": "is that? But going back to the Bitcoin"}, {"start": "00:05:48", "end": "00:05:52", "text": "chart, thinking about four-year cycle, I"}, {"start": "00:05:51", "end": "00:05:55", "text": "do want to explain this. I've explained"}, {"start": "00:05:52", "end": "00:05:57", "text": "it before in considering well what's"}, {"start": "00:05:55", "end": "00:06:01", "text": "Bitcoin doing here? What is that? I"}, {"start": "00:05:57", "end": "00:06:05", "text": "mean, Bitcoin has such a strong macro"}, {"start": "00:06:01", "end": "00:06:08", "text": "bullcase. Okay. So, when we have"}, {"start": "00:06:05", "end": "00:06:11", "text": "business cycle approaching 50, right,"}, {"start": "00:06:08", "end": "00:06:13", "text": "multiple times on this chart, I think"}, {"start": "00:06:11", "end": "00:06:17", "text": "Bitcoin reacting to that in a sense, but"}, {"start": "00:06:13", "end": "00:06:18", "text": "we also had just different inflow"}, {"start": "00:06:17", "end": "00:06:21", "text": "options of Bitcoin come into play. Think"}, {"start": "00:06:18", "end": "00:06:23", "text": "about Bitcoin ETFs that were approved"}, {"start": "00:06:21", "end": "00:06:24", "text": "all in here, right? Such a good"}, {"start": "00:06:23", "end": "00:06:27", "text": "narrative for Bitcoin. Bitcoin had a"}, {"start": "00:06:24", "end": "00:06:30", "text": "really nice bull move out of the 2022"}, {"start": "00:06:27", "end": "00:06:33", "text": "lows. There's no doubt. But what I'm"}, {"start": "00:06:30", "end": "00:06:35", "text": "arguing is Bitcoin is not following a"}, {"start": "00:06:33", "end": "00:06:36", "text": "four-year cycle. Bitcoin is following a"}, {"start": "00:06:35", "end": "00:06:39", "text": "business cycle. And there's a crypto"}, {"start": "00:06:36", "end": "00:06:43", "text": "chart that I think I think exemplifies"}, {"start": "00:06:39", "end": "00:06:44", "text": "it just as nicely as copper versus gold"}, {"start": "00:06:43", "end": "00:06:47", "text": "and Russell 2000, which we're about to"}, {"start": "00:06:44", "end": "00:06:51", "text": "look at. But my point is, Bitcoin hasn't"}, {"start": "00:06:47", "end": "00:06:54", "text": "had its bull run like we've had in the"}, {"start": "00:06:51", "end": "00:06:57", "text": "past. And that is the PMI. That's what"}, {"start": "00:06:54", "end": "00:07:00", "text": "this overlay is, the PMI business cycle"}, {"start": "00:06:57", "end": "00:07:02", "text": "bull run. But the PMI is just starting"}, {"start": "00:07:00", "end": "00:07:04", "text": "to turn turn up. And I think this could"}, {"start": "00:07:02", "end": "00:07:08", "text": "be just a consolidation phase for"}, {"start": "00:07:04", "end": "00:07:10", "text": "Bitcoin before entering its PMI,"}, {"start": "00:07:08", "end": "00:07:12", "text": "business cycle expansion bull run. So"}, {"start": "00:07:10", "end": "00:07:14", "text": "let's go over and look at copper versus"}, {"start": "00:07:12", "end": "00:07:18", "text": "gold. So back here and this was"}, {"start": "00:07:14", "end": "00:07:20", "text": "basically in April 2026. I made this"}, {"start": "00:07:18", "end": "00:07:22", "text": "post and I said the switch for the"}, {"start": "00:07:20", "end": "00:07:26", "text": "business and liquidity cycle is being"}, {"start": "00:07:22", "end": "00:07:29", "text": "switched on. Watch PMI, watch copper"}, {"start": "00:07:26", "end": "00:07:30", "text": "versus gold. Watch the Russell 2000. I"}, {"start": "00:07:29", "end": "00:07:34", "text": "think crypto is going to shock a lot of"}, {"start": "00:07:30", "end": "00:07:36", "text": "people. So that was in April 2026. Did"}, {"start": "00:07:34", "end": "00:07:38", "text": "crypto and altcoins and everything run"}, {"start": "00:07:36", "end": "00:07:40", "text": "into a bull market right then? No. But"}, {"start": "00:07:38", "end": "00:07:43", "text": "I've said time and time again, crypto is"}, {"start": "00:07:40", "end": "00:07:45", "text": "the last domino to fall in this sequence"}, {"start": "00:07:43", "end": "00:07:48", "text": "of events when it comes to business"}, {"start": "00:07:45", "end": "00:07:50", "text": "cycle and liquidity cycles. And so look"}, {"start": "00:07:48", "end": "00:07:52", "text": "at when I posted this on copper versus"}, {"start": "00:07:50", "end": "00:07:55", "text": "gold right here back in um this was"}, {"start": "00:07:52", "end": "00:07:57", "text": "March 2026. Copper versus gold ratio"}, {"start": "00:07:55", "end": "00:08:00", "text": "just hit levels we haven't seen in half"}, {"start": "00:07:57", "end": "00:08:02", "text": "a century. If the chart bottoms, crypto"}, {"start": "00:08:00", "end": "00:08:03", "text": "bull market can begin. So many people"}, {"start": "00:08:02", "end": "00:08:05", "text": "are talking about recession, but looking"}, {"start": "00:08:03", "end": "00:08:09", "text": "back, these levels marked the bottom of"}, {"start": "00:08:05", "end": "00:08:11", "text": "economic cycles, not the end. And so you"}, {"start": "00:08:09", "end": "00:08:14", "text": "can see since then, copper versus gold"}, {"start": "00:08:11", "end": "00:08:15", "text": "has been trending upwards. Nobody really"}, {"start": "00:08:14", "end": "00:08:18", "text": "argues when we're looking at copper"}, {"start": "00:08:15", "end": "00:08:20", "text": "versus gold, nobody really argues the"}, {"start": "00:08:18", "end": "00:08:22", "text": "correlation of the PMI business cycle."}, {"start": "00:08:20", "end": "00:08:25", "text": "Just look at that. You can't argue it."}, {"start": "00:08:22", "end": "00:08:27", "text": "You can't you can't even debate it"}, {"start": "00:08:25", "end": "00:08:29", "text": "because copper is one of the most"}, {"start": "00:08:27", "end": "00:08:32", "text": "economically sensitive metals and it's"}, {"start": "00:08:29", "end": "00:08:35", "text": "reacting to the business cycle. It's"}, {"start": "00:08:32", "end": "00:08:36", "text": "reacting to manufacturing uh placing"}, {"start": "00:08:35", "end": "00:08:38", "text": "manufacturers placing orders. It's"}, {"start": "00:08:36", "end": "00:08:41", "text": "reacting to all those things. You cannot"}, {"start": "00:08:38", "end": "00:08:44", "text": "argue that this is not following PMI."}, {"start": "00:08:41", "end": "00:08:45", "text": "Russell 2000 also through all these"}, {"start": "00:08:44", "end": "00:08:48", "text": "cycles and I've tracked it has been"}, {"start": "00:08:45", "end": "00:08:50", "text": "tracking with PMI business cycle. It's"}, {"start": "00:08:48", "end": "00:08:53", "text": "been reacting to it. Why is that? This"}, {"start": "00:08:50", "end": "00:08:56", "text": "is a lower just a kind of lower"}, {"start": "00:08:53", "end": "00:08:58", "text": "valuation asset class, the Russell 2000,"}, {"start": "00:08:56", "end": "00:09:01", "text": "and it reacts to the business cycle. And"}, {"start": "00:08:58", "end": "00:09:04", "text": "I I posted this back in November of"}, {"start": "00:09:01", "end": "00:09:06", "text": "2025, and it's basically talking about"}, {"start": "00:09:04", "end": "00:09:09", "text": "Russell following the bottoming out of"}, {"start": "00:09:06", "end": "00:09:10", "text": "PMI and to watch for Russell 2000, what"}, {"start": "00:09:09", "end": "00:09:12", "text": "it does. And look what it's done. It's"}, {"start": "00:09:10", "end": "00:09:15", "text": "gone into all-time high. Crypto is the"}, {"start": "00:09:12", "end": "00:09:17", "text": "last domino to fall. much of my analysis"}, {"start": "00:09:15", "end": "00:09:19", "text": "is not taken seriously because yeah,"}, {"start": "00:09:17", "end": "00:09:21", "text": "I've I've I've basically gotten"}, {"start": "00:09:19", "end": "00:09:23", "text": "everything right. All of these things"}, {"start": "00:09:21", "end": "00:09:25", "text": "have happened. Copper has bottomed"}, {"start": "00:09:23", "end": "00:09:28", "text": "versus gold. Russell 2000 has broken"}, {"start": "00:09:25", "end": "00:09:29", "text": "out. Even just tracking the PMI and"}, {"start": "00:09:28", "end": "00:09:31", "text": "saying we're about to go into expansion."}, {"start": "00:09:29", "end": "00:09:33", "text": "It's gone into expansion. Well, guess"}, {"start": "00:09:31", "end": "00:09:36", "text": "what, Dan? You're wrong about everything"}, {"start": "00:09:33", "end": "00:09:40", "text": "because crypto has not broken out yet."}, {"start": "00:09:36", "end": "00:09:44", "text": "Crypto has not entered a bull market."}, {"start": "00:09:40", "end": "00:09:47", "text": "But I am saying it takes time for just"}, {"start": "00:09:44", "end": "00:09:50", "text": "liquidity to get to this last asset"}, {"start": "00:09:47", "end": "00:09:51", "text": "class on at the end of the risk curve."}, {"start": "00:09:50", "end": "00:09:54", "text": "That is why I keep saying the last"}, {"start": "00:09:51", "end": "00:09:57", "text": "domino falling. But there is a crypto"}, {"start": "00:09:54", "end": "00:10:01", "text": "chart that does follow the four-year"}, {"start": "00:09:57", "end": "00:10:03", "text": "cycle and it's this one. It's it's it's"}, {"start": "00:10:01", "end": "00:10:06", "text": "excluding top 10 dominance. This is"}, {"start": "00:10:03", "end": "00:10:09", "text": "altcoin dominance. This chart tracks the"}, {"start": "00:10:06", "end": "00:10:11", "text": "business cycle so nicely. not as like as"}, {"start": "00:10:09", "end": "00:10:13", "text": "well and as nicely as copper versus"}, {"start": "00:10:11", "end": "00:10:16", "text": "gold. I mean that is just insanely on"}, {"start": "00:10:13", "end": "00:10:19", "text": "point but it tracks it very nicely to"}, {"start": "00:10:16", "end": "00:10:22", "text": "the point of even right now when PMI"}, {"start": "00:10:19", "end": "00:10:24", "text": "started expanding it has been trending"}, {"start": "00:10:22", "end": "00:10:27", "text": "upwards with that and it's a very"}, {"start": "00:10:24", "end": "00:10:30", "text": "sensitive asset class right I mean we're"}, {"start": "00:10:27", "end": "00:10:35", "text": "talking about excluding top 10 dominance"}, {"start": "00:10:30", "end": "00:10:37", "text": "so you can see how sensitive it is to uh"}, {"start": "00:10:35", "end": "00:10:40", "text": "the PMI business cycle even on the way"}, {"start": "00:10:37", "end": "00:10:42", "text": "down if you look at the PMI right this"}, {"start": "00:10:40", "end": "00:10:44", "text": "overlay that I have down here. It's just"}, {"start": "00:10:42", "end": "00:10:46", "text": "been suppressed and contracted. That's"}, {"start": "00:10:44", "end": "00:10:48", "text": "all we've been talking about. And"}, {"start": "00:10:46", "end": "00:10:52", "text": "therefore, altcoin dominance has been"}, {"start": "00:10:48", "end": "00:10:56", "text": "trending down for years. But right now"}, {"start": "00:10:52", "end": "00:10:59", "text": "on the macro, we have after all this, we"}, {"start": "00:10:56", "end": "00:11:01", "text": "have an actual shift happening. We can"}, {"start": "00:10:59", "end": "00:11:03", "text": "even see it on this on this chart, this"}, {"start": "00:11:01", "end": "00:11:05", "text": "20we above the 50. Right now, we're"}, {"start": "00:11:03", "end": "00:11:07", "text": "getting a little consolidation. It's"}, {"start": "00:11:05", "end": "00:11:10", "text": "something I want to track, but we have a"}, {"start": "00:11:07", "end": "00:11:12", "text": "macro shift that is happening. And it is"}, {"start": "00:11:10", "end": "00:11:14", "text": "no surprise that it's happening with the"}, {"start": "00:11:12", "end": "00:11:16", "text": "business cycle. It is no surprise that"}, {"start": "00:11:14", "end": "00:11:18", "text": "it's happening with quantitative"}, {"start": "00:11:16", "end": "00:11:20", "text": "tightening ending right here because the"}, {"start": "00:11:18", "end": "00:11:21", "text": "same exact thing happened last cycle."}, {"start": "00:11:20", "end": "00:11:23", "text": "And I know I've talked about this in a"}, {"start": "00:11:21", "end": "00:11:26", "text": "previous video, but you can't ignore"}, {"start": "00:11:23", "end": "00:11:28", "text": "that, right? The like the quantitative"}, {"start": "00:11:26", "end": "00:11:29", "text": "tightening ends and then altcoin"}, {"start": "00:11:28", "end": "00:11:32", "text": "dominance bottoms and starts trending up"}, {"start": "00:11:29", "end": "00:11:33", "text": "with PMI. Quantitative tightening ends"}, {"start": "00:11:32", "end": "00:11:36", "text": "and then altcoin dominance starts"}, {"start": "00:11:33", "end": "00:11:38", "text": "bottoming and trending up with PMI. It's"}, {"start": "00:11:36", "end": "00:11:39", "text": "exactly repeating. It has nothing to do"}, {"start": "00:11:38", "end": "00:11:41", "text": "with the four-year cycle. It is"}, {"start": "00:11:39", "end": "00:11:45", "text": "everything to do with the business"}, {"start": "00:11:41", "end": "00:11:46", "text": "cycle. BTC versus gold bottoming. It's"}, {"start": "00:11:45", "end": "00:11:48", "text": "not because of the business. It's not"}, {"start": "00:11:46", "end": "00:11:51", "text": "because of the four-ear cycle. It's"}, {"start": "00:11:48", "end": "00:11:52", "text": "because of the business cycle. Copper"}, {"start": "00:11:51", "end": "00:11:54", "text": "versus gold, same thing. It's not"}, {"start": "00:11:52", "end": "00:11:57", "text": "because of some calendar event that"}, {"start": "00:11:54", "end": "00:11:59", "text": "copper versus gold is bottoming out"}, {"start": "00:11:57", "end": "00:12:01", "text": "right now. It is because it's following"}, {"start": "00:11:59", "end": "00:12:04", "text": "a business cycle because it's an"}, {"start": "00:12:01", "end": "00:12:07", "text": "economically sensitive metal, right? And"}, {"start": "00:12:04", "end": "00:12:10", "text": "so Russell 2000 following the business"}, {"start": "00:12:07", "end": "00:12:12", "text": "cycle. Altcoin dominance quantitative"}, {"start": "00:12:10", "end": "00:12:14", "text": "tighting ends starts trending up with"}, {"start": "00:12:12", "end": "00:12:16", "text": "the business cycle and the PMI. Same"}, {"start": "00:12:14", "end": "00:12:18", "text": "exact thing happened last time."}, {"start": "00:12:16", "end": "00:12:19", "text": "Quantitative sighting ends start"}, {"start": "00:12:18", "end": "00:12:22", "text": "trending up with the business cycle and"}, {"start": "00:12:19", "end": "00:12:24", "text": "PMI. It's because altcoins are not"}, {"start": "00:12:22", "end": "00:12:26", "text": "following a 4-year cycle. They're"}, {"start": "00:12:24", "end": "00:12:29", "text": "following a business cycle. And it just"}, {"start": "00:12:26", "end": "00:12:34", "text": "so happens that though there is just a"}, {"start": "00:12:29", "end": "00:12:37", "text": "really nice confluence of just data as"}, {"start": "00:12:34", "end": "00:12:39", "text": "it relates to the overlay of the"}, {"start": "00:12:37", "end": "00:12:41", "text": "four-year cycle and Bitcoin. There's a"}, {"start": "00:12:39", "end": "00:12:44", "text": "business cycle in play and there is a"}, {"start": "00:12:41", "end": "00:12:47", "text": "business cycle that is very much"}, {"start": "00:12:44", "end": "00:12:50", "text": "influencing what Bitcoin is doing. And"}, {"start": "00:12:47", "end": "00:12:52", "text": "so the question is, what if Bitcoin is"}, {"start": "00:12:50", "end": "00:12:54", "text": "in a midcycle consolidation, preparing"}, {"start": "00:12:52", "end": "00:12:57", "text": "for its actual expansion bull phase, and"}, {"start": "00:12:54", "end": "00:12:59", "text": "altcoins are getting ready to exit their"}, {"start": "00:12:57", "end": "00:13:01", "text": "5-year bare market? At the end of the"}, {"start": "00:12:59", "end": "00:13:04", "text": "day, if you go to a Bitcoin chart, this"}, {"start": "00:13:01", "end": "00:13:07", "text": "is the box. This is how much it doesn't"}, {"start": "00:13:04", "end": "00:13:09", "text": "matter because you can argue if the"}, {"start": "00:13:07", "end": "00:13:11", "text": "Bitcoin bottom is in already and"}, {"start": "00:13:09", "end": "00:13:13", "text": "four-year cycle is wrong and it's not"}, {"start": "00:13:11", "end": "00:13:15", "text": "going to be October, well, there you"}, {"start": "00:13:13", "end": "00:13:18", "text": "have it. But if it is October, this is"}, {"start": "00:13:15", "end": "00:13:20", "text": "the box, right? If Bitcoin does actually"}, {"start": "00:13:18", "end": "00:13:23", "text": "just start trending down or something"}, {"start": "00:13:20", "end": "00:13:26", "text": "and we don't we bottom at $50,000 in"}, {"start": "00:13:23", "end": "00:13:28", "text": "October, right?"}, {"start": "00:13:26", "end": "00:13:30", "text": "Zoom out on a Bitcoin chart. Zoom out on"}, {"start": "00:13:28", "end": "00:13:32", "text": "crypto charts. This is what we're"}, {"start": "00:13:30", "end": "00:13:36", "text": "talking about. This little small piece"}, {"start": "00:13:32", "end": "00:13:39", "text": "of time. And so it's a very good idea, I"}, {"start": "00:13:36", "end": "00:13:42", "text": "think, to consider both things. Maybe we"}, {"start": "00:13:39", "end": "00:13:43", "text": "bought them in October. Maybe maybe the"}, {"start": "00:13:42", "end": "00:13:45", "text": "four-ear cycle just continues just"}, {"start": "00:13:43", "end": "00:13:48", "text": "playing its thing, right? And I think"}, {"start": "00:13:45", "end": "00:13:51", "text": "one will be able to even argue then that"}, {"start": "00:13:48", "end": "00:13:53", "text": "the business cycle has such a heavy hand"}, {"start": "00:13:51", "end": "00:13:55", "text": "in why it's doing that, right? And it's"}, {"start": "00:13:53", "end": "00:13:57", "text": "again just a coincidence of timing. But"}, {"start": "00:13:55", "end": "00:13:59", "text": "either way, you can see how if you look"}, {"start": "00:13:57", "end": "00:14:01", "text": "at this green box, it really just"}, {"start": "00:13:59", "end": "00:14:03", "text": "doesn't matter. It's preparing for both"}, {"start": "00:14:01", "end": "00:14:06", "text": "options and just saying, you know what,"}, {"start": "00:14:03", "end": "00:14:08", "text": "I think there's going to be an uptrend"}, {"start": "00:14:06", "end": "00:14:09", "text": "for crypto in the macro because this is"}, {"start": "00:14:08", "end": "00:14:11", "text": "what has been happening. Look at the"}, {"start": "00:14:09", "end": "00:14:14", "text": "Bitcoin chart. Higher highs and higher"}, {"start": "00:14:11", "end": "00:14:16", "text": "lows across all of these cycles. And if"}, {"start": "00:14:14", "end": "00:14:19", "text": "you think that's going to continue for"}, {"start": "00:14:16", "end": "00:14:21", "text": "not just Bitcoin, but for all of crypto,"}, {"start": "00:14:19", "end": "00:14:23", "text": "here's total crypto market cap chart."}, {"start": "00:14:21", "end": "00:14:25", "text": "Here's an altcoin market cap chart."}, {"start": "00:14:23", "end": "00:14:27", "text": "Again, it has not had its bull market."}, {"start": "00:14:25", "end": "00:14:29", "text": "If it's getting ready to have its bull"}, {"start": "00:14:27", "end": "00:14:31", "text": "market, the question is, are you ready"}, {"start": "00:14:29", "end": "00:14:34", "text": "right now? And I think that's the"}, {"start": "00:14:31", "end": "00:14:37", "text": "question I ask myself all the time and I"}, {"start": "00:14:34", "end": "00:14:38", "text": "am trying so hard to prepare. So, it's"}, {"start": "00:14:37", "end": "00:14:41", "text": "not even a matter of man, I I have to be"}, {"start": "00:14:38", "end": "00:14:43", "text": "right about business cycle, the PMI. I"}, {"start": "00:14:41", "end": "00:14:47", "text": "think totally think that's what's going"}, {"start": "00:14:43", "end": "00:14:50", "text": "on here. But the question is am I ready"}, {"start": "00:14:47", "end": "00:14:51", "text": "for through that lens that it is the PMI"}, {"start": "00:14:50", "end": "00:14:53", "text": "and it's the business cycle and yeah"}, {"start": "00:14:51", "end": "00:14:55", "text": "others dominance is starting to expand"}, {"start": "00:14:53", "end": "00:14:58", "text": "with the business cycle and we're about"}, {"start": "00:14:55", "end": "00:15:00", "text": "to have an altcoin bull move or the same"}, {"start": "00:14:58", "end": "00:15:01", "text": "time looking through the lens of four"}, {"start": "00:15:00", "end": "00:15:04", "text": "year cycle we bought them in October. Am"}, {"start": "00:15:01", "end": "00:15:06", "text": "I ready for that? For me it's important"}, {"start": "00:15:04", "end": "00:15:08", "text": "just to be prepared for both scenarios."}, {"start": "00:15:06", "end": "00:15:10", "text": "I know the lens in which I think things"}, {"start": "00:15:08", "end": "00:15:12", "text": "are happening and I propose that data"}, {"start": "00:15:10", "end": "00:15:13", "text": "data to you because you know this is"}, {"start": "00:15:12", "end": "00:15:15", "text": "what I do this what the purpose of the"}, {"start": "00:15:13", "end": "00:15:17", "text": "YouTube channel is and hopefully it's"}, {"start": "00:15:15", "end": "00:15:19", "text": "helpful to some of you to at least"}, {"start": "00:15:17", "end": "00:15:21", "text": "consider this possibility but either way"}, {"start": "00:15:19", "end": "00:15:23", "text": "you see how it just doesn't matter. So"}, {"start": "00:15:21", "end": "00:15:25", "text": "anyway, everybody, I wanted to bring"}, {"start": "00:15:23", "end": "00:15:28", "text": "this to your attention and that really"}, {"start": "00:15:25", "end": "00:15:30", "text": "mainly is Bitcoin versus gold because"}, {"start": "00:15:28", "end": "00:15:32", "text": "Bitcoin versus gold following the 4-year"}, {"start": "00:15:30", "end": "00:15:34", "text": "cycle. Yeah, it's bottomed at the same"}, {"start": "00:15:32", "end": "00:15:36", "text": "exact time every time, but what's"}, {"start": "00:15:34", "end": "00:15:40", "text": "happening now is it's not supposed to"}, {"start": "00:15:36", "end": "00:15:42", "text": "bottom until October 2026. And that"}, {"start": "00:15:40", "end": "00:15:43", "text": "doesn't look like it's the case. So,"}, {"start": "00:15:42", "end": "00:15:46", "text": "there could be something else going on"}, {"start": "00:15:43", "end": "00:15:48", "text": "here. And that something else very much"}, {"start": "00:15:46", "end": "00:15:50", "text": "could be the business cycle, not the"}, {"start": "00:15:48", "end": "00:15:51", "text": "four-year cycle. So, I appreciate you"}, {"start": "00:15:50", "end": "00:15:53", "text": "watching everybody. Hit that subscribe,"}, {"start": "00:15:51", "end": "00:15:57", "text": "hit that like. I will see you all in the"}, {"start": "00:15:53", "end": "00:15:57", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "It's time to land this plane. That is"}, {"start": "00:00:02", "end": "00:00:06", "text": "Senator Cynthia Lummis this morning on"}, {"start": "00:00:03", "end": "00:00:09", "text": "Fox Business. Crypto news today getting"}, {"start": "00:00:06", "end": "00:00:12", "text": "crazy. 10 months of daily work on the"}, {"start": "00:00:09", "end": "00:00:15", "text": "Clarity Act. Bill text actually dropping"}, {"start": "00:00:12", "end": "00:00:18", "text": "within days now and really a hard August"}, {"start": "00:00:15", "end": "00:00:19", "text": "7th deadline is on the table. Today"}, {"start": "00:00:18", "end": "00:00:22", "text": "we're walking through exactly what she"}, {"start": "00:00:19", "end": "00:00:24", "text": "said, what the White House is signaling,"}, {"start": "00:00:22", "end": "00:00:26", "text": "and what it means for crypto. What I"}, {"start": "00:00:24", "end": "00:00:28", "text": "want to do is I want to go straight to"}, {"start": "00:00:26", "end": "00:00:31", "text": "this video from this morning of Senator"}, {"start": "00:00:28", "end": "00:00:33", "text": "Lummis on Fox News and check out what"}, {"start": "00:00:31", "end": "00:00:35", "text": "she said here at a minute mark because"}, {"start": "00:00:33", "end": "00:00:37", "text": "this is where we have to start kind of"}, {"start": "00:00:35", "end": "00:00:40", "text": "following the the breadcrumbs, the trail"}, {"start": "00:00:37", "end": "00:00:41", "text": "that is left here to figure out is this"}, {"start": "00:00:40", "end": "00:00:43", "text": "really going to hit the Senate floor"}, {"start": "00:00:41", "end": "00:00:44", "text": "even maybe next week. Listen to what she"}, {"start": "00:00:43", "end": "00:00:46", "text": "says here."}, {"start": "00:00:44", "end": "00:00:48", "text": ">> Absolutely. So is it fair to say this"}, {"start": "00:00:46", "end": "00:00:52", "text": "bill will be back on it will be on the"}, {"start": "00:00:48", "end": "00:00:55", "text": "Senate floor the week of July 20th?"}, {"start": "00:00:52", "end": "00:00:56", "text": ">> Well, I expect it'll be that week, but"}, {"start": "00:00:55", "end": "00:00:59", "text": "uh considering"}, {"start": "00:00:56", "end": "00:01:01", "text": ">> First off, she expects it will be that"}, {"start": "00:00:59", "end": "00:01:03", "text": "week, which is literally 6 days away,"}, {"start": "00:01:01", "end": "00:01:05", "text": "the 20th. This is next week she's"}, {"start": "00:01:03", "end": "00:01:08", "text": "expecting, but listen to what she says"}, {"start": "00:01:05", "end": "00:01:08", "text": "next because I think this is the wild"}, {"start": "00:01:08", "end": "00:01:09", "text": "card."}, {"start": "00:01:08", "end": "00:01:11", "text": ">> the"}, {"start": "00:01:09", "end": "00:01:13", "text": "important things that we have to deal"}, {"start": "00:01:11", "end": "00:01:16", "text": "with in these four weeks,"}, {"start": "00:01:13", "end": "00:01:18", "text": "um Senator Thune will make the final"}, {"start": "00:01:16", "end": "00:01:20", "text": "decision about which week to bring"}, {"start": "00:01:18", "end": "00:01:22", "text": "Clarity to the floor."}, {"start": "00:01:20", "end": "00:01:25", "text": "Uh we're voting today on the motion to"}, {"start": "00:01:22", "end": "00:01:27", "text": "proceed to the National Defense Authori-"}, {"start": "00:01:25", "end": "00:01:30", "text": ">> Senator Thune. That's who we're waiting"}, {"start": "00:01:27", "end": "00:01:31", "text": "for. And so I wanted to kind of dig into"}, {"start": "00:01:30", "end": "00:01:34", "text": "well, what's he been saying? What is"}, {"start": "00:01:31", "end": "00:01:35", "text": "Thune signaling because he's the one"}, {"start": "00:01:34", "end": "00:01:36", "text": "that's going to make the decision. Is"}, {"start": "00:01:35", "end": "00:01:39", "text": "this getting to the Senate floor? Could"}, {"start": "00:01:36", "end": "00:01:42", "text": "you imagine after all like a year of us"}, {"start": "00:01:39", "end": "00:01:44", "text": "just every month that that the carrot"}, {"start": "00:01:42", "end": "00:01:46", "text": "being dangled for the crypto market."}, {"start": "00:01:44", "end": "00:01:48", "text": "Imagine if next week it's we're at the"}, {"start": "00:01:46", "end": "00:01:50", "text": "Senate hearing or we're at the Senate"}, {"start": "00:01:48", "end": "00:01:52", "text": "voting. We're at the floor and we're"}, {"start": "00:01:50", "end": "00:01:54", "text": "doing a live stream and we're watching"}, {"start": "00:01:52", "end": "00:01:56", "text": "to see how this plays out. This could be"}, {"start": "00:01:54", "end": "00:01:57", "text": "as soon as next week, but Senator Lummis"}, {"start": "00:01:56", "end": "00:01:59", "text": "said we've been working on the Clarity"}, {"start": "00:01:57", "end": "00:02:00", "text": "Act every day for 10 months and will"}, {"start": "00:01:59", "end": "00:02:01", "text": "introduce bill text in the next few"}, {"start": "00:02:00", "end": "00:02:04", "text": "days. So, that's the other thing I want"}, {"start": "00:02:01", "end": "00:02:06", "text": "to talk about is the bill text because"}, {"start": "00:02:04", "end": "00:02:08", "text": "that's the money maker. Is this thing"}, {"start": "00:02:06", "end": "00:02:11", "text": "going to pass? We have a hearing that is"}, {"start": "00:02:08", "end": "00:02:13", "text": "a few days away this Friday and we're"}, {"start": "00:02:11", "end": "00:02:15", "text": "going to get strong signals probably"}, {"start": "00:02:13", "end": "00:02:18", "text": "between the hearing and whatever this"}, {"start": "00:02:15", "end": "00:02:19", "text": "new text is. It all lies within what"}, {"start": "00:02:18", "end": "00:02:21", "text": "this text says because we need"}, {"start": "00:02:19", "end": "00:02:23", "text": "Democrats, we need a bunch of Democrats"}, {"start": "00:02:21", "end": "00:02:24", "text": "on board to get this thing passed. And"}, {"start": "00:02:23", "end": "00:02:26", "text": "so, that's what we're going to talk"}, {"start": "00:02:24", "end": "00:02:28", "text": "about today and speculate what is that"}, {"start": "00:02:26", "end": "00:02:31", "text": "text that is going to come out in the"}, {"start": "00:02:28", "end": "00:02:33", "text": "next few days. She said it's time to"}, {"start": "00:02:31", "end": "00:02:35", "text": "land this plane. But, what I wanted to"}, {"start": "00:02:33", "end": "00:02:37", "text": "do was I wanted to look into Senator"}, {"start": "00:02:35", "end": "00:02:39", "text": "John Thune. What has he been saying or"}, {"start": "00:02:37", "end": "00:02:41", "text": "signaling? I found this clip. There was"}, {"start": "00:02:39", "end": "00:02:42", "text": "not many clips or anything about him"}, {"start": "00:02:41", "end": "00:02:44", "text": "talking about Clarity Act, but I found"}, {"start": "00:02:42", "end": "00:02:46", "text": "this clip from just over a month ago,"}, {"start": "00:02:44", "end": "00:02:48", "text": "June 10th. Check this out real fast."}, {"start": "00:02:46", "end": "00:02:49", "text": ">> banks to the table, but at the end of"}, {"start": "00:02:48", "end": "00:02:52", "text": "the day if we're going to get this done,"}, {"start": "00:02:49", "end": "00:02:53", "text": "Maria, um it's going to take uh"}, {"start": "00:02:52", "end": "00:02:54", "text": "uh some give on both sides on that"}, {"start": "00:02:53", "end": "00:02:56", "text": "issue. And the other thing that's going"}, {"start": "00:02:54", "end": "00:02:57", "text": "to have to happen to get any Democrats"}, {"start": "00:02:56", "end": "00:02:59", "text": "to vote for that because this will be at"}, {"start": "00:02:57", "end": "00:03:01", "text": "60 in the Senate"}, {"start": "00:02:59", "end": "00:03:03", "text": "um is the administration's going to have"}, {"start": "00:03:01", "end": "00:03:06", "text": "to work with the Democrats, Mark Warner"}, {"start": "00:03:03", "end": "00:03:07", "text": "and others on this issue of ethics."}, {"start": "00:03:06", "end": "00:03:09", "text": "Yeah, uh that's a that's a"}, {"start": "00:03:07", "end": "00:03:13", "text": ">> I think it's that's it. It is the"}, {"start": "00:03:09", "end": "00:03:15", "text": "keyword ethics. Thune, Senator Thune"}, {"start": "00:03:13", "end": "00:03:18", "text": "bringing this to the Senate floor, I"}, {"start": "00:03:15", "end": "00:03:20", "text": "think requires some type of agreement"}, {"start": "00:03:18", "end": "00:03:22", "text": "when it comes to ethics because that is"}, {"start": "00:03:20", "end": "00:03:23", "text": "what's missing right now and that's what"}, {"start": "00:03:22", "end": "00:03:25", "text": "we're going to discuss a little bit in"}, {"start": "00:03:23", "end": "00:03:28", "text": "this video, but I think that is one of"}, {"start": "00:03:25", "end": "00:03:30", "text": "the tweaks that Senator Lummis is"}, {"start": "00:03:28", "end": "00:03:32", "text": "hopefully introducing in this bill text"}, {"start": "00:03:30", "end": "00:03:34", "text": "in the next few days and this is why"}, {"start": "00:03:32", "end": "00:03:36", "text": "we're going to have to just really watch"}, {"start": "00:03:34", "end": "00:03:38", "text": "as this text come out comes out to see"}, {"start": "00:03:36", "end": "00:03:40", "text": "what this says. This is Patrick Witt"}, {"start": "00:03:38", "end": "00:03:41", "text": "over here. Now, Patrick Witt, he is in"}, {"start": "00:03:40", "end": "00:03:44", "text": "the White House. He's President's"}, {"start": "00:03:41", "end": "00:03:46", "text": "Council of Advisors for Digital Assets."}, {"start": "00:03:44", "end": "00:03:48", "text": "He's been leading on all of like the"}, {"start": "00:03:46", "end": "00:03:50", "text": "negotiating all the negotiations with"}, {"start": "00:03:48", "end": "00:03:52", "text": "everything going on with Clarity Act."}, {"start": "00:03:50", "end": "00:03:54", "text": "Critical week for clarity, which also"}, {"start": "00:03:52", "end": "00:03:56", "text": "happens to be the one-year anniversary"}, {"start": "00:03:54", "end": "00:03:58", "text": "of genius. A reminder of the incredible"}, {"start": "00:03:56", "end": "00:04:00", "text": "amount of hard work that has gone into"}, {"start": "00:03:58", "end": "00:04:03", "text": "this bill, but also of the time we've"}, {"start": "00:04:00", "end": "00:04:05", "text": "already lost. We cannot afford to delay"}, {"start": "00:04:03", "end": "00:04:07", "text": "any longer. It sounds very nice. Patrick"}, {"start": "00:04:05", "end": "00:04:09", "text": "Witt, he's a lead man in terms of"}, {"start": "00:04:07", "end": "00:04:12", "text": "negotiating, as I said, but check this"}, {"start": "00:04:09", "end": "00:04:14", "text": "out when it comes to Mr. Witt. The White"}, {"start": "00:04:12", "end": "00:04:17", "text": "House's top crypto advisor, Patrick"}, {"start": "00:04:14", "end": "00:04:19", "text": "Witt, is taking a month-long military"}, {"start": "00:04:17", "end": "00:04:21", "text": "leave to begin Army National Guard JAG"}, {"start": "00:04:19", "end": "00:04:24", "text": "training. He wraps up next Friday and"}, {"start": "00:04:21", "end": "00:04:26", "text": "reports July 27th. The timing matters."}, {"start": "00:04:24", "end": "00:04:28", "text": "The Clarity Act is entering its most"}, {"start": "00:04:26", "end": "00:04:30", "text": "critical stretch with Senate Republicans"}, {"start": "00:04:28", "end": "00:04:33", "text": "racing to bring it to the floor before"}, {"start": "00:04:30", "end": "00:04:35", "text": "August recess, widely seen as the last"}, {"start": "00:04:33", "end": "00:04:36", "text": "realistic window to pass the bill this"}, {"start": "00:04:35", "end": "00:04:38", "text": "Congress."}, {"start": "00:04:36", "end": "00:04:40", "text": "So, let me just say something. I'm going"}, {"start": "00:04:38", "end": "00:04:42", "text": "to continue reading this. It looks kind"}, {"start": "00:04:40", "end": "00:04:44", "text": "of negative, right? Man, Patrick Witt is"}, {"start": "00:04:42", "end": "00:04:47", "text": "he's leaving, right?"}, {"start": "00:04:44", "end": "00:04:48", "text": "He's like a lead negotiator. He's"}, {"start": "00:04:47", "end": "00:04:50", "text": "running things and he's leaving at like"}, {"start": "00:04:48", "end": "00:04:52", "text": "the most critical time. But, I want to"}, {"start": "00:04:50", "end": "00:04:53", "text": "give you an optimistic spin in just a"}, {"start": "00:04:52", "end": "00:04:55", "text": "moment. Witt has been the"}, {"start": "00:04:53", "end": "00:04:57", "text": "administration's chief negotiator,"}, {"start": "00:04:55", "end": "00:05:00", "text": "brokering compromises on stablecoin"}, {"start": "00:04:57", "end": "00:05:02", "text": "yield, navigating the ethics provision"}, {"start": "00:05:00", "end": "00:05:04", "text": "fight, and working with law enforcement"}, {"start": "00:05:02", "end": "00:05:06", "text": "groups on the most contested parts of"}, {"start": "00:05:04", "end": "00:05:08", "text": "the bill. The biggest bottleneck remains"}, {"start": "00:05:06", "end": "00:05:10", "text": "the ethics provisions around Trump's"}, {"start": "00:05:08", "end": "00:05:13", "text": "crypto interests. So, it's saying, you"}, {"start": "00:05:10", "end": "00:05:15", "text": "know, he's been a huge player even in"}, {"start": "00:05:13", "end": "00:05:16", "text": "navigating ethics provision fights. When"}, {"start": "00:05:15", "end": "00:05:18", "text": "we're looking at Thune and what he's"}, {"start": "00:05:16", "end": "00:05:20", "text": "saying, this has to get covered. This"}, {"start": "00:05:18", "end": "00:05:22", "text": "has This is over a month ago. This has"}, {"start": "00:05:20", "end": "00:05:25", "text": "to be like"}, {"start": "00:05:22", "end": "00:05:27", "text": "fixed, the ethics part for Democrats to"}, {"start": "00:05:25", "end": "00:05:29", "text": "come on board, right? And Lumis is"}, {"start": "00:05:27", "end": "00:05:32", "text": "saying the bill text is coming out in a"}, {"start": "00:05:29", "end": "00:05:33", "text": "few days. The optimistic spin here is"}, {"start": "00:05:32", "end": "00:05:35", "text": "you can look at this like, \"Man, Patrick"}, {"start": "00:05:33", "end": "00:05:37", "text": "Witt is he's he's bailing.\" But, you"}, {"start": "00:05:35", "end": "00:05:38", "text": "know what?"}, {"start": "00:05:37", "end": "00:05:39", "text": "It might be fine that he's leaving now"}, {"start": "00:05:38", "end": "00:05:41", "text": "because"}, {"start": "00:05:39", "end": "00:05:43", "text": "the deal might be done."}, {"start": "00:05:41", "end": "00:05:46", "text": "Okay? The text is probably in place."}, {"start": "00:05:43", "end": "00:05:48", "text": "It's coming out in a few days. And if it"}, {"start": "00:05:46", "end": "00:05:51", "text": "does have to do with ethics, right? And"}, {"start": "00:05:48", "end": "00:05:52", "text": "if all of the all of the text is set and"}, {"start": "00:05:51", "end": "00:05:55", "text": "it's like here's the plan. This is"}, {"start": "00:05:52", "end": "00:05:57", "text": "hopefully what goes to the Senate floor."}, {"start": "00:05:55", "end": "00:06:00", "text": "Like Patrick McHenry did his thing. Like"}, {"start": "00:05:57", "end": "00:06:02", "text": "he can go. He can go take a month"}, {"start": "00:06:00", "end": "00:06:03", "text": "like military leave, right?"}, {"start": "00:06:02", "end": "00:06:06", "text": "And so that's the optimistic view. It's"}, {"start": "00:06:03", "end": "00:06:10", "text": "not like he has to be sitting around,"}, {"start": "00:06:06", "end": "00:06:13", "text": "you know, on uh Friday at the hearing to"}, {"start": "00:06:10", "end": "00:06:14", "text": "be there to do something. What he has"}, {"start": "00:06:13", "end": "00:06:17", "text": "been responsible for doing hopefully is"}, {"start": "00:06:14", "end": "00:06:19", "text": "already done, right? And we we have that"}, {"start": "00:06:17", "end": "00:06:21", "text": "text now hopefully coming out that is"}, {"start": "00:06:19", "end": "00:06:23", "text": "going to be a compromise that brings"}, {"start": "00:06:21", "end": "00:06:25", "text": "some Democrats on board."}, {"start": "00:06:23", "end": "00:06:27", "text": "So I wanted to correct something kind of"}, {"start": "00:06:25", "end": "00:06:28", "text": "that I said I think it may have been"}, {"start": "00:06:27", "end": "00:06:30", "text": "yesterday's video or previous Clarity"}, {"start": "00:06:28", "end": "00:06:32", "text": "Act video that I did. I was talking"}, {"start": "00:06:30", "end": "00:06:34", "text": "about kind of the SEC and the CFTC doing"}, {"start": "00:06:32", "end": "00:06:36", "text": "their thing even if Clarity Act fails."}, {"start": "00:06:34", "end": "00:06:39", "text": "At least we got them doing their thing."}, {"start": "00:06:36", "end": "00:06:41", "text": "But I saw this post cuz Chad over here"}, {"start": "00:06:39", "end": "00:06:43", "text": "kind of echoing something I was saying."}, {"start": "00:06:41", "end": "00:06:45", "text": "Just so we're all clear if Clatter"}, {"start": "00:06:43", "end": "00:06:46", "text": "Clarity Act does not pass, we fall back"}, {"start": "00:06:45", "end": "00:06:48", "text": "to agency rulemaking which will be good"}, {"start": "00:06:46", "end": "00:06:50", "text": "enough for now, right? It'll be"}, {"start": "00:06:48", "end": "00:06:52", "text": "difficult to unwind those rules. Just"}, {"start": "00:06:50", "end": "00:06:54", "text": "the law simply codifies them."}, {"start": "00:06:52", "end": "00:06:56", "text": "I was thinking something similar but"}, {"start": "00:06:54", "end": "00:06:59", "text": "Sen- Senator Cynthia Lummis said, \"No"}, {"start": "00:06:56", "end": "00:07:02", "text": "rule can give the CFTC spot authority"}, {"start": "00:06:59", "end": "00:07:03", "text": "over digital assets, grant new sanctions"}, {"start": "00:07:02", "end": "00:07:05", "text": "authority against adversaries, or"}, {"start": "00:07:03", "end": "00:07:08", "text": "protect developers from unwarranted"}, {"start": "00:07:05", "end": "00:07:10", "text": "prosecution. Only Congress can. The"}, {"start": "00:07:08", "end": "00:07:12", "text": "Clarity Act is the only path that"}, {"start": "00:07:10", "end": "00:07:14", "text": "works.\" And so I want to kind of step"}, {"start": "00:07:12", "end": "00:07:17", "text": "back what I said previously"}, {"start": "00:07:14", "end": "00:07:19", "text": "like the Clarity Act is that important."}, {"start": "00:07:17", "end": "00:07:20", "text": "And so I'm always trying to find the"}, {"start": "00:07:19", "end": "00:07:22", "text": "optimistic path forward. If things like"}, {"start": "00:07:20", "end": "00:07:24", "text": "this don't happen, we have to anticipate"}, {"start": "00:07:22", "end": "00:07:26", "text": "the Clarity Act might fail. It just"}, {"start": "00:07:24", "end": "00:07:27", "text": "might. Um"}, {"start": "00:07:26", "end": "00:07:29", "text": "and so that's kind of what I was doing"}, {"start": "00:07:27", "end": "00:07:32", "text": "cuz I really thought, you know, at least"}, {"start": "00:07:29", "end": "00:07:34", "text": "we got the CFTC doing their thing. Well,"}, {"start": "00:07:32", "end": "00:07:36", "text": "this is why it's very important that the"}, {"start": "00:07:34", "end": "00:07:39", "text": "Clarity Act does pass. And this is a"}, {"start": "00:07:36", "end": "00:07:41", "text": "good summation over here on X. The CFTC"}, {"start": "00:07:39", "end": "00:07:43", "text": "does not have spot market off authority"}, {"start": "00:07:41", "end": "00:07:46", "text": "over any commodity, not oil, not gold,"}, {"start": "00:07:43", "end": "00:07:49", "text": "not AG products. Digital assets are no"}, {"start": "00:07:46", "end": "00:07:50", "text": "different. Spot market oversight for"}, {"start": "00:07:49", "end": "00:07:55", "text": "digital commodities requires an act of"}, {"start": "00:07:50", "end": "00:07:57", "text": "Congress. Clarity is that act. Now, what"}, {"start": "00:07:55", "end": "00:07:59", "text": "I was thinking was, cuz I talked about"}, {"start": "00:07:57", "end": "00:08:02", "text": "this, right? The text. What are the"}, {"start": "00:07:59", "end": "00:08:04", "text": "tweaks to this text that are going to"}, {"start": "00:08:02", "end": "00:08:06", "text": "help bring a deal together so we can get"}, {"start": "00:08:04", "end": "00:08:08", "text": "this thing so Thune will bring this"}, {"start": "00:08:06", "end": "00:08:11", "text": "thing to the Senate floor."}, {"start": "00:08:08", "end": "00:08:13", "text": "And I asked Grok cuz I wanted to see"}, {"start": "00:08:11", "end": "00:08:15", "text": "what did Grok think think if you had to"}, {"start": "00:08:13", "end": "00:08:17", "text": "speculate about the new text from all"}, {"start": "00:08:15", "end": "00:08:20", "text": "the context, what do you think the"}, {"start": "00:08:17", "end": "00:08:22", "text": "changes are? And check it out. Ethics"}, {"start": "00:08:20", "end": "00:08:24", "text": "rules for officials, likely strengthen"}, {"start": "00:08:22", "end": "00:08:26", "text": "bans or disclosure requirements on"}, {"start": "00:08:24", "end": "00:08:28", "text": "members of Congress, senior"}, {"start": "00:08:26", "end": "00:08:29", "text": "administration officials, possibly"}, {"start": "00:08:28", "end": "00:08:31", "text": "family members trading or holding"}, {"start": "00:08:29", "end": "00:08:33", "text": "certain crypto assets, addressing"}, {"start": "00:08:31", "end": "00:08:36", "text": "Democratic demands to prevent insider"}, {"start": "00:08:33", "end": "00:08:37", "text": "grift, and builder broader and build"}, {"start": "00:08:36", "end": "00:08:41", "text": "broader support. So that's number one."}, {"start": "00:08:37", "end": "00:08:43", "text": "So exactly my point. This is huge to"}, {"start": "00:08:41", "end": "00:08:45", "text": "watch this text when it comes out. Is"}, {"start": "00:08:43", "end": "00:08:46", "text": "there something"}, {"start": "00:08:45", "end": "00:08:48", "text": "additionally added that has to do with"}, {"start": "00:08:46", "end": "00:08:51", "text": "ethics? And then DeFi and illicit"}, {"start": "00:08:48", "end": "00:08:53", "text": "finance tweaks, further refinements to"}, {"start": "00:08:51", "end": "00:08:55", "text": "definitions of decentralized protocols,"}, {"start": "00:08:53", "end": "00:08:57", "text": "validator node operator protections, or"}, {"start": "00:08:55", "end": "00:08:59", "text": "mixer tumbler rules."}, {"start": "00:08:57", "end": "00:09:02", "text": "Plus enhanced AML BSA obligations or"}, {"start": "00:08:59", "end": "00:09:04", "text": "Treasury coordination to ease concerns"}, {"start": "00:09:02", "end": "00:09:07", "text": "from Democrats like Warren while"}, {"start": "00:09:04", "end": "00:09:10", "text": "preserving innovation safe harbors. So"}, {"start": "00:09:07", "end": "00:09:12", "text": "that is so interesting to see, you know,"}, {"start": "00:09:10", "end": "00:09:15", "text": "Grok gathers all context, everything"}, {"start": "00:09:12", "end": "00:09:17", "text": "that's floating around online to kind of"}, {"start": "00:09:15", "end": "00:09:18", "text": "just make up its own decision on what"}, {"start": "00:09:17", "end": "00:09:21", "text": "does it think or speculate will be in"}, {"start": "00:09:18", "end": "00:09:23", "text": "the new text. And this is exactly what I"}, {"start": "00:09:21", "end": "00:09:25", "text": "was thinking, which is ethics. That's"}, {"start": "00:09:23", "end": "00:09:27", "text": "what we want to see. So Senator"}, {"start": "00:09:25", "end": "00:09:28", "text": "Elizabeth Warren, and speaking of all"}, {"start": "00:09:27", "end": "00:09:30", "text": "this,"}, {"start": "00:09:28", "end": "00:09:31", "text": "speaking of Democrats coming on board,"}, {"start": "00:09:30", "end": "00:09:33", "text": "I'm not saying Elizabeth Warren's going"}, {"start": "00:09:31", "end": "00:09:35", "text": "to come on board ever to this thing, but"}, {"start": "00:09:33", "end": "00:09:38", "text": "Elizabeth Warren's urging Senate leaders"}, {"start": "00:09:35", "end": "00:09:40", "text": "to add ethics rules to the Clarity Act"}, {"start": "00:09:38", "end": "00:09:43", "text": "barring officials and their families"}, {"start": "00:09:40", "end": "00:09:45", "text": "from profiting from crypto. So,"}, {"start": "00:09:43", "end": "00:09:48", "text": "I just want to say this."}, {"start": "00:09:45", "end": "00:09:50", "text": "And you can see this is directed at"}, {"start": "00:09:48", "end": "00:09:50", "text": "Leader Thune."}, {"start": "00:09:51", "end": "00:09:54", "text": "It's not a matter of get set get"}, {"start": "00:09:52", "end": "00:09:57", "text": "Elizabeth Warren on board. She's"}, {"start": "00:09:54", "end": "00:10:00", "text": "anti-crypto everything, right? But,"}, {"start": "00:09:57", "end": "00:10:03", "text": "if the new text is having something to"}, {"start": "00:10:00", "end": "00:10:04", "text": "do with ethics, right?"}, {"start": "00:10:03", "end": "00:10:06", "text": "I think there's a very strong"}, {"start": "00:10:04", "end": "00:10:08", "text": "possibility that the Democrats that they"}, {"start": "00:10:06", "end": "00:10:10", "text": "need to get on board, maybe it's not"}, {"start": "00:10:08", "end": "00:10:11", "text": "going to be Elizabeth Warren, likely"}, {"start": "00:10:10", "end": "00:10:13", "text": "not."}, {"start": "00:10:11", "end": "00:10:15", "text": "It could move the needle into the"}, {"start": "00:10:13", "end": "00:10:19", "text": "direction that we need, the votes that"}, {"start": "00:10:15", "end": "00:10:21", "text": "we need, 60 votes. When it comes to just"}, {"start": "00:10:19", "end": "00:10:24", "text": "the the debate in general, right? Across"}, {"start": "00:10:21", "end": "00:10:25", "text": "the board, it is so split. And actually,"}, {"start": "00:10:24", "end": "00:10:27", "text": "I want to give you a really good example"}, {"start": "00:10:25", "end": "00:10:28", "text": "of this. I saw this post pretty recently"}, {"start": "00:10:27", "end": "00:10:31", "text": "from Eleanor."}, {"start": "00:10:28", "end": "00:10:32", "text": "Law enforcement groups are also making"}, {"start": "00:10:31", "end": "00:10:34", "text": "their views known. Yesterday, the"}, {"start": "00:10:32", "end": "00:10:35", "text": "Federal Law Enforcement Officers"}, {"start": "00:10:34", "end": "00:10:38", "text": "Association submitted a letter to the"}, {"start": "00:10:35", "end": "00:10:40", "text": "Senate Banking Committee signaling its"}, {"start": "00:10:38", "end": "00:10:41", "text": "support for the Clarity Act. And at"}, {"start": "00:10:40", "end": "00:10:43", "text": "basically the same time, the National"}, {"start": "00:10:41", "end": "00:10:45", "text": "Sheriffs Association, one of the"}, {"start": "00:10:43", "end": "00:10:47", "text": "nation's largest law enforcement"}, {"start": "00:10:45", "end": "00:10:48", "text": "organizations and key participant in"}, {"start": "00:10:47", "end": "00:10:50", "text": "recent negotiations over the Clarity"}, {"start": "00:10:48", "end": "00:10:53", "text": "Act, particularly the BRCA, is now"}, {"start": "00:10:50", "end": "00:10:56", "text": "publicly opposing the bill. So, National"}, {"start": "00:10:53", "end": "00:10:58", "text": "Sheriffs Association opposing the bill,"}, {"start": "00:10:56", "end": "00:10:59", "text": "and then we got law enforcement groups"}, {"start": "00:10:58", "end": "00:11:02", "text": "like um the Federal Law Enforcement"}, {"start": "00:10:59", "end": "00:11:05", "text": "Officers Association supporting the"}, {"start": "00:11:02", "end": "00:11:08", "text": "Clarity Act. So, this is such a split"}, {"start": "00:11:05", "end": "00:11:11", "text": "topic. It is like 50/50. So, it makes"}, {"start": "00:11:08", "end": "00:11:13", "text": "sense why it has been so difficult for a"}, {"start": "00:11:11", "end": "00:11:15", "text": "deal to be reached. I think it's"}, {"start": "00:11:13", "end": "00:11:18", "text": "I just think it's an absolute failure of"}, {"start": "00:11:15", "end": "00:11:20", "text": "Congress. It's just crazy that it's all"}, {"start": "00:11:18", "end": "00:11:23", "text": "these Democrats that it's just taking so"}, {"start": "00:11:20", "end": "00:11:26", "text": "much work to get on board to get clarity"}, {"start": "00:11:23", "end": "00:11:28", "text": "for a lot of ridiculous reasons. And you"}, {"start": "00:11:26", "end": "00:11:30", "text": "know, we are where we are right now. I"}, {"start": "00:11:28", "end": "00:11:31", "text": "mean, we are this is it, everybody. I've"}, {"start": "00:11:30", "end": "00:11:34", "text": "mentioned in yesterday's video, I think"}, {"start": "00:11:31", "end": "00:11:35", "text": "it was, Lummis is not seeking"}, {"start": "00:11:34", "end": "00:11:38", "text": "re-election. She's been the the leader"}, {"start": "00:11:35", "end": "00:11:40", "text": "of this fight against anti-crypto army."}, {"start": "00:11:38", "end": "00:11:42", "text": "We're going to have a new Congress,"}, {"start": "00:11:40", "end": "00:11:44", "text": "right? All of the efforts for Clarity"}, {"start": "00:11:42", "end": "00:11:46", "text": "Act thus far, if we don't get this done"}, {"start": "00:11:44", "end": "00:11:48", "text": "before elections, like in the next few"}, {"start": "00:11:46", "end": "00:11:50", "text": "weeks, all of it is just almost it's"}, {"start": "00:11:48", "end": "00:11:54", "text": "just like a waste because it's all got"}, {"start": "00:11:50", "end": "00:11:55", "text": "to restart. So, this is genuinely, I"}, {"start": "00:11:54", "end": "00:11:57", "text": "know the video is like, man, how many"}, {"start": "00:11:55", "end": "00:11:59", "text": "times we got to watch videos about"}, {"start": "00:11:57", "end": "00:12:01", "text": "Clarity Act? It is genuinely come down"}, {"start": "00:11:59", "end": "00:12:03", "text": "to this, right? This new text that is"}, {"start": "00:12:01", "end": "00:12:06", "text": "coming out is everything. I think it has"}, {"start": "00:12:03", "end": "00:12:09", "text": "to have ethics language or some type of"}, {"start": "00:12:06", "end": "00:12:12", "text": "new ethics like roadmap, right? For this"}, {"start": "00:12:09", "end": "00:12:14", "text": "to even get to the Senate floor, for for"}, {"start": "00:12:12", "end": "00:12:17", "text": "Senator John Thune to bring it to the"}, {"start": "00:12:14", "end": "00:12:19", "text": "Senate floor, and then on top of that,"}, {"start": "00:12:17", "end": "00:12:21", "text": "it's the hearing this Friday, and then"}, {"start": "00:12:19", "end": "00:12:23", "text": "it's game on. Potentially, as Lummis is"}, {"start": "00:12:21", "end": "00:12:26", "text": "saying, next week,"}, {"start": "00:12:23", "end": "00:12:29", "text": "the week of July 20th, which is 6 days"}, {"start": "00:12:26", "end": "00:12:32", "text": "away. We are there right now. It has"}, {"start": "00:12:29", "end": "00:12:33", "text": "come to this. And so, I don't know how"}, {"start": "00:12:32", "end": "00:12:35", "text": "this is going to play out. I really have"}, {"start": "00:12:33", "end": "00:12:37", "text": "no idea. I know how I want it to play"}, {"start": "00:12:35", "end": "00:12:38", "text": "out. If we do make it to the Senate"}, {"start": "00:12:37", "end": "00:12:40", "text": "floor, I will be live streaming. Please"}, {"start": "00:12:38", "end": "00:12:43", "text": "join me. It'll be fun to track. It'll be"}, {"start": "00:12:40", "end": "00:12:45", "text": "very sad to live stream a failure of"}, {"start": "00:12:43", "end": "00:12:46", "text": "Clarity Act passing, but it is what it"}, {"start": "00:12:45", "end": "00:12:49", "text": "is, man. We've been through ups and"}, {"start": "00:12:46", "end": "00:12:50", "text": "downs. If it's a win, awesome. If it's"}, {"start": "00:12:49", "end": "00:12:52", "text": "not a win, then we're just going to get"}, {"start": "00:12:50", "end": "00:12:54", "text": "through it together on a live stream,"}, {"start": "00:12:52", "end": "00:12:56", "text": "and we'll just track it. So, hopefully"}, {"start": "00:12:54", "end": "00:12:58", "text": "it does get to Senate floor. Next week"}, {"start": "00:12:56", "end": "00:13:01", "text": "would be just awesome just to get this"}, {"start": "00:12:58", "end": "00:13:02", "text": "voted on finally to see what happens."}, {"start": "00:13:01", "end": "00:13:04", "text": "So, I wanted to bring you this news. I"}, {"start": "00:13:02", "end": "00:13:07", "text": "just think it was a pretty big news what"}, {"start": "00:13:04", "end": "00:13:09", "text": "what she is saying in regards to the"}, {"start": "00:13:07", "end": "00:13:12", "text": "text, the new text, and also just next"}, {"start": "00:13:09", "end": "00:13:15", "text": "week in general general. The deadline is"}, {"start": "00:13:12", "end": "00:13:16", "text": "here. It is time, as she said, to land"}, {"start": "00:13:15", "end": "00:13:18", "text": "this plane. And hopefully, hopefully"}, {"start": "00:13:16", "end": "00:13:20", "text": "they land it, everybody. So, hit the"}, {"start": "00:13:18", "end": "00:13:21", "text": "subscribe for more crypto news and"}, {"start": "00:13:20", "end": "00:13:23", "text": "analysis. I appreciate you watching,"}, {"start": "00:13:21", "end": "00:13:26", "text": "everybody. I'll see you in the next"}, {"start": "00:13:23", "end": "00:13:26", "text": "video. God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Last night, Brian Armstrong asked almost"}, {"start": "00:00:02", "end": "00:00:06", "text": "three million people the question. The"}, {"start": "00:00:05", "end": "00:00:09", "text": "question is the bottom man and the"}, {"start": "00:00:06", "end": "00:00:10", "text": "majority said no. I got to say I like"}, {"start": "00:00:09", "end": "00:00:13", "text": "the fact that the majority said no at"}, {"start": "00:00:10", "end": "00:00:14", "text": "the same exact time. One of the most"}, {"start": "00:00:13", "end": "00:00:17", "text": "reliable indicators on the altcoin"}, {"start": "00:00:14", "end": "00:00:19", "text": "market cap chart has been firing and it"}, {"start": "00:00:17", "end": "00:00:23", "text": "hasn't fired in this way since basically"}, {"start": "00:00:19", "end": "00:00:26", "text": "the 2022 lows. A confluence of multiple"}, {"start": "00:00:23", "end": "00:00:29", "text": "momentum momentum indicators signaling"}, {"start": "00:00:26", "end": "00:00:32", "text": "the bottom for crypto markets. And right"}, {"start": "00:00:29", "end": "00:00:34", "text": "now what broke today is massive news in"}, {"start": "00:00:32", "end": "00:00:37", "text": "relation to the macro the macro side of"}, {"start": "00:00:34", "end": "00:00:40", "text": "things. Month overmonth CPI inflation"}, {"start": "00:00:37", "end": "00:00:43", "text": "fell point4% the biggest monthly drop"}, {"start": "00:00:40", "end": "00:00:45", "text": "since May of 2020. The disinflation"}, {"start": "00:00:43", "end": "00:00:47", "text": "narrative everybody I've been saying for"}, {"start": "00:00:45", "end": "00:00:50", "text": "weeks if not longer. The disinflation"}, {"start": "00:00:47", "end": "00:00:54", "text": "narrative is going to start showing up."}, {"start": "00:00:50", "end": "00:00:56", "text": "I was tagged in a post yet again, uh, a"}, {"start": "00:00:54", "end": "00:01:00", "text": "Benjamin Cohen post, but it is just such"}, {"start": "00:00:56", "end": "00:01:03", "text": "good just context to do some Bitcoin"}, {"start": "00:01:00", "end": "00:01:05", "text": "analysis along with our ETHBTC analysis,"}, {"start": "00:01:03", "end": "00:01:07", "text": "the ETHBTC chart that is breaking out"}, {"start": "00:01:05", "end": "00:01:09", "text": "right now. There is so much going on in"}, {"start": "00:01:07", "end": "00:01:12", "text": "this video, but Bitcoin uh Benjamin"}, {"start": "00:01:09", "end": "00:01:15", "text": "Cohen over here, a very popular crypto"}, {"start": "00:01:12", "end": "00:01:18", "text": "analyst, um essentially saying that we"}, {"start": "00:01:15", "end": "00:01:22", "text": "are in this move back here in June, July"}, {"start": "00:01:18", "end": "00:01:24", "text": "2018, August 2018. And you can see what"}, {"start": "00:01:22", "end": "00:01:27", "text": "that could mean for Bitcoin if that is"}, {"start": "00:01:24", "end": "00:01:28", "text": "true. And so I was tagged in this post."}, {"start": "00:01:27", "end": "00:01:31", "text": "I'm tagged in a lot of his posts, but"}, {"start": "00:01:28", "end": "00:01:33", "text": "it's a really good chart to look at and"}, {"start": "00:01:31", "end": "00:01:34", "text": "I think offers really good context to"}, {"start": "00:01:33", "end": "00:01:36", "text": "all the analysis we're going to be doing"}, {"start": "00:01:34", "end": "00:01:38", "text": "in today's video. So, hit the subscribe"}, {"start": "00:01:36", "end": "00:01:40", "text": "and like on the way in. Let's jump into"}, {"start": "00:01:38", "end": "00:01:43", "text": "the video. Let's start here with the is"}, {"start": "00:01:40", "end": "00:01:45", "text": "the bottom in post. 26,000 votes, 12"}, {"start": "00:01:43", "end": "00:01:47", "text": "hours left. I got to say I was a little"}, {"start": "00:01:45", "end": "00:01:50", "text": "surprised. I thought for some I don't"}, {"start": "00:01:47", "end": "00:01:53", "text": "know why. I just thought yes would would"}, {"start": "00:01:50", "end": "00:01:55", "text": "dominate this poll and I I'm I'm happily"}, {"start": "00:01:53", "end": "00:01:58", "text": "surprised. I like seeing that it"}, {"start": "00:01:55", "end": "00:02:00", "text": "doesn't. I'm a very contrarian person. I"}, {"start": "00:01:58", "end": "00:02:02", "text": "like seeing most of the industry thinks"}, {"start": "00:02:00", "end": "00:02:04", "text": "we're going to bottom in October, right?"}, {"start": "00:02:02", "end": "00:02:07", "text": "Like October 5th is the bottom. I like"}, {"start": "00:02:04", "end": "00:02:09", "text": "seeing that. Um, but I wanted to point"}, {"start": "00:02:07", "end": "00:02:11", "text": "this out to you. I Well, I thought it"}, {"start": "00:02:09", "end": "00:02:12", "text": "was interesting. An Anom, who's like I"}, {"start": "00:02:11", "end": "00:02:14", "text": "mean, he's like the biggest crypto"}, {"start": "00:02:12", "end": "00:02:16", "text": "influencer right now. He said, \"Yeah, he"}, {"start": "00:02:14", "end": "00:02:18", "text": "thinks it bottoms in, but it's this one."}, {"start": "00:02:16", "end": "00:02:21", "text": "Doesn't matter. These are levels to bid"}, {"start": "00:02:18", "end": "00:02:23", "text": "and hold."}, {"start": "00:02:21", "end": "00:02:24", "text": "It does not matter. We're going to look"}, {"start": "00:02:23", "end": "00:02:27", "text": "at We're going to look at Bitcoin in"}, {"start": "00:02:24", "end": "00:02:28", "text": "context to where are we here on Bitcoin?"}, {"start": "00:02:27", "end": "00:02:31", "text": "on the Bitcoin charts. We're going to"}, {"start": "00:02:28", "end": "00:02:32", "text": "look at the altcoin charts and try and"}, {"start": "00:02:31", "end": "00:02:34", "text": "answer the question, is the bot could"}, {"start": "00:02:32", "end": "00:02:36", "text": "the bottom really be in here? And you"}, {"start": "00:02:34", "end": "00:02:38", "text": "know what? Whether you think the bottom"}, {"start": "00:02:36", "end": "00:02:41", "text": "is in or it's not going to be in until"}, {"start": "00:02:38", "end": "00:02:44", "text": "October, right? A few months away, we"}, {"start": "00:02:41", "end": "00:02:45", "text": "this window, whether it's the bottom's"}, {"start": "00:02:44", "end": "00:02:48", "text": "in or it's three more months, that"}, {"start": "00:02:45", "end": "00:02:51", "text": "window of 3 months is nothing. That"}, {"start": "00:02:48", "end": "00:02:54", "text": "takes years to get to this window, this"}, {"start": "00:02:51", "end": "00:02:57", "text": "opportunity zone. It takes cycles to get"}, {"start": "00:02:54", "end": "00:02:59", "text": "to this moment. So now the goal is"}, {"start": "00:02:57", "end": "00:03:01", "text": "because it doesn't matter. We have our"}, {"start": "00:02:59", "end": "00:03:03", "text": "narratives. We see the cryptos that are"}, {"start": "00:03:01", "end": "00:03:06", "text": "out there. We see what they've reset to,"}, {"start": "00:03:03", "end": "00:03:08", "text": "right? We've seen all of these things."}, {"start": "00:03:06", "end": "00:03:10", "text": "If we can balance our risk and approach"}, {"start": "00:03:08", "end": "00:03:13", "text": "these markets appropriately based on our"}, {"start": "00:03:10", "end": "00:03:15", "text": "risk appetite, we can we can position"}, {"start": "00:03:13", "end": "00:03:17", "text": "and plan right now. That's the moment"}, {"start": "00:03:15", "end": "00:03:20", "text": "we're in. The question of is the bottom"}, {"start": "00:03:17", "end": "00:03:22", "text": "in, it's obviously a fun question to"}, {"start": "00:03:20", "end": "00:03:24", "text": "ask. We all wonder it every day. But the"}, {"start": "00:03:22", "end": "00:03:26", "text": "real answer is it doesn't matter. What"}, {"start": "00:03:24", "end": "00:03:28", "text": "matters is your positioning and you're"}, {"start": "00:03:26", "end": "00:03:31", "text": "preparing and it's based on your risk"}, {"start": "00:03:28", "end": "00:03:32", "text": "tolerance. So that's in regards to the"}, {"start": "00:03:31", "end": "00:03:34", "text": "bottom. Before we get into this"}, {"start": "00:03:32", "end": "00:03:36", "text": "analysis, we look at Benjamin's post. I"}, {"start": "00:03:34", "end": "00:03:38", "text": "really want to speak to it respectfully."}, {"start": "00:03:36", "end": "00:03:40", "text": "I I mean I just I obviously I disagree,"}, {"start": "00:03:38", "end": "00:03:42", "text": "but I I want to respectfully disagree"}, {"start": "00:03:40", "end": "00:03:43", "text": "and show you why on this Bitcoin chart"}, {"start": "00:03:42", "end": "00:03:47", "text": "and then look at the altcoin charts and"}, {"start": "00:03:43", "end": "00:03:49", "text": "ETH BTC. But here's the news. June CPI"}, {"start": "00:03:47", "end": "00:03:53", "text": "inflation falls to 3 and a half% below"}, {"start": "00:03:49", "end": "00:03:56", "text": "expectations of 3.8%. Core CPI inflation"}, {"start": "00:03:53", "end": "00:04:00", "text": "falls to 2.6%. 6% below expectations of"}, {"start": "00:03:56", "end": "00:04:02", "text": "2.8%. This is crazy to me because if you"}, {"start": "00:04:00", "end": "00:04:05", "text": "look the headlines I mean here is I mean"}, {"start": "00:04:02", "end": "00:04:07", "text": "this was a week ago. This is July 8th."}, {"start": "00:04:05", "end": "00:04:10", "text": "Almost all officials say rate hikes"}, {"start": "00:04:07", "end": "00:04:13", "text": "warranted if inflation persists. A"}, {"start": "00:04:10", "end": "00:04:16", "text": "couple weeks ago I made a post. It was"}, {"start": "00:04:13", "end": "00:04:17", "text": "July 1st. I said Fed Chair Kevin W"}, {"start": "00:04:16", "end": "00:04:19", "text": "signaled that inflation risk has come"}, {"start": "00:04:17", "end": "00:04:21", "text": "down. Opposite of what headlines have"}, {"start": "00:04:19", "end": "00:04:24", "text": "been shoving in your face the last two"}, {"start": "00:04:21", "end": "00:04:26", "text": "weeks. As I've said, watch how much time"}, {"start": "00:04:24", "end": "00:04:28", "text": "the headlines take to catch up to"}, {"start": "00:04:26", "end": "00:04:30", "text": "disinflation. This is very important for"}, {"start": "00:04:28", "end": "00:04:33", "text": "crypto. This is very important for the"}, {"start": "00:04:30", "end": "00:04:36", "text": "macro. All the macroecon economic data"}, {"start": "00:04:33", "end": "00:04:38", "text": "that I've been tracking"}, {"start": "00:04:36", "end": "00:04:40", "text": "and here we are the headlines of today."}, {"start": "00:04:38", "end": "00:04:43", "text": "Softer inflation could revive rate cut"}, {"start": "00:04:40", "end": "00:04:45", "text": "bets, weaken yields and the dollar and"}, {"start": "00:04:43", "end": "00:04:47", "text": "support stocks and Bitcoin."}, {"start": "00:04:45", "end": "00:04:50", "text": "The narrative and the headlines will"}, {"start": "00:04:47", "end": "00:04:52", "text": "flip so fast. The key is to try and get"}, {"start": "00:04:50", "end": "00:04:55", "text": "ahead of that. the the key is to try and"}, {"start": "00:04:52", "end": "00:04:57", "text": "get ahead of it to to track real data to"}, {"start": "00:04:55", "end": "00:05:00", "text": "track really what the Fed is doing. What"}, {"start": "00:04:57", "end": "00:05:02", "text": "is Kevin Worsh methodology of measuring"}, {"start": "00:05:00", "end": "00:05:04", "text": "inflation to track these things because"}, {"start": "00:05:02", "end": "00:05:07", "text": "the game will change all of the sudden"}, {"start": "00:05:04", "end": "00:05:09", "text": "and I think half the time headlines are"}, {"start": "00:05:07", "end": "00:05:12", "text": "behind it. So with that being said, I"}, {"start": "00:05:09", "end": "00:05:15", "text": "want to just put one note in there. This"}, {"start": "00:05:12", "end": "00:05:17", "text": "is oil right now and you can just see"}, {"start": "00:05:15", "end": "00:05:20", "text": "it's kind of surging again because the"}, {"start": "00:05:17", "end": "00:05:22", "text": "war is back on. So, this energy shock"}, {"start": "00:05:20", "end": "00:05:24", "text": "that we had back here that led to this"}, {"start": "00:05:22", "end": "00:05:28", "text": "inflation shock, short-term inflation"}, {"start": "00:05:24", "end": "00:05:30", "text": "shock, is it picking up again? So, I"}, {"start": "00:05:28", "end": "00:05:32", "text": "don't know. I I I just don't know. It's"}, {"start": "00:05:30", "end": "00:05:34", "text": "too volatile of a situation to even"}, {"start": "00:05:32", "end": "00:05:36", "text": "speculate about, but I wanted to make a"}, {"start": "00:05:34", "end": "00:05:38", "text": "note of it. So, let's go to the analysis"}, {"start": "00:05:36", "end": "00:05:41", "text": "part of this video and really start just"}, {"start": "00:05:38", "end": "00:05:43", "text": "digging into these charts. All right, so"}, {"start": "00:05:41", "end": "00:05:45", "text": "Benjamin over here, and again, I was"}, {"start": "00:05:43", "end": "00:05:48", "text": "tagged in his post. I'm tagged in so"}, {"start": "00:05:45", "end": "00:05:51", "text": "many of his posts. In 2018, Bitcoin"}, {"start": "00:05:48", "end": "00:05:54", "text": "started late June, early July with two"}, {"start": "00:05:51", "end": "00:05:57", "text": "green weeks. Third week was red going"}, {"start": "00:05:54", "end": "00:05:59", "text": "into CPI. Then Bitcoin bounced higher"}, {"start": "00:05:57", "end": "00:06:02", "text": "into late July, early August before"}, {"start": "00:05:59", "end": "00:06:06", "text": "giving all the gains back by September."}, {"start": "00:06:02", "end": "00:06:07", "text": "Similar setup today. So in in reading"}, {"start": "00:06:06", "end": "00:06:09", "text": "this, I really I do think he is trying"}, {"start": "00:06:07", "end": "00:06:12", "text": "to he's playing into the four-year"}, {"start": "00:06:09", "end": "00:06:14", "text": "cycle, the October bottom. The timeline"}, {"start": "00:06:12", "end": "00:06:16", "text": "is nice because July, August, you know,"}, {"start": "00:06:14", "end": "00:06:18", "text": "giving back games by September, then"}, {"start": "00:06:16", "end": "00:06:21", "text": "we're really bottoming in September,"}, {"start": "00:06:18", "end": "00:06:23", "text": "October. I get that. That's his view and"}, {"start": "00:06:21", "end": "00:06:25", "text": "it's fine. Okay, maybe he's right in"}, {"start": "00:06:23", "end": "00:06:27", "text": "that regard. But I do want to say"}, {"start": "00:06:25", "end": "00:06:31", "text": "something in this part, similar setup"}, {"start": "00:06:27", "end": "00:06:33", "text": "today because it's not a similar setup."}, {"start": "00:06:31", "end": "00:06:36", "text": "This is what Bitcoin looks like right"}, {"start": "00:06:33", "end": "00:06:38", "text": "now, right? And here's Bitcoin in that"}, {"start": "00:06:36", "end": "00:06:41", "text": "move of 2018. So, let's break this down"}, {"start": "00:06:38", "end": "00:06:43", "text": "really briefly. And if we look at this,"}, {"start": "00:06:41", "end": "00:06:45", "text": "look what just happened. The 20week"}, {"start": "00:06:43", "end": "00:06:46", "text": "moving average had just fallen below the"}, {"start": "00:06:45", "end": "00:06:48", "text": "the 50week moving average, the green"}, {"start": "00:06:46", "end": "00:06:52", "text": "below the blue, and we get this very"}, {"start": "00:06:48", "end": "00:06:54", "text": "nice typical in July 2018 retest of that"}, {"start": "00:06:52", "end": "00:06:57", "text": "move. That's a very typical technical"}, {"start": "00:06:54", "end": "00:06:59", "text": "move. We we dip and then we do it again"}, {"start": "00:06:57", "end": "00:07:02", "text": "in August. There's just that entire"}, {"start": "00:06:59", "end": "00:07:04", "text": "reset or retest after the 20 falls below"}, {"start": "00:07:02", "end": "00:07:07", "text": "the 50. That's number one. If you go to"}, {"start": "00:07:04", "end": "00:07:09", "text": "the chart now, that 20week moving"}, {"start": "00:07:07", "end": "00:07:12", "text": "average move, that was all the way back"}, {"start": "00:07:09", "end": "00:07:14", "text": "here in January of 2026."}, {"start": "00:07:12", "end": "00:07:17", "text": "We're in a different era of a of a"}, {"start": "00:07:14", "end": "00:07:19", "text": "technical move for Bitcoin price action"}, {"start": "00:07:17", "end": "00:07:22", "text": "right now than that, right? That's"}, {"start": "00:07:19", "end": "00:07:24", "text": "number one. But number two that I really"}, {"start": "00:07:22", "end": "00:07:26", "text": "want to bring up to you, and by the way,"}, {"start": "00:07:24", "end": "00:07:28", "text": "that's not nothing. That's massive. Just"}, {"start": "00:07:26", "end": "00:07:30", "text": "that is not similar at all in relation"}, {"start": "00:07:28", "end": "00:07:32", "text": "to that. But the other thing I want to"}, {"start": "00:07:30", "end": "00:07:36", "text": "bring up to you is you go go to like"}, {"start": "00:07:32", "end": "00:07:41", "text": "November, I think it was 2017 to"}, {"start": "00:07:36", "end": "00:07:43", "text": "basically uh we go over here to July,"}, {"start": "00:07:41", "end": "00:07:45", "text": "end of July 2019. This entire box that"}, {"start": "00:07:43", "end": "00:07:48", "text": "you see here, that's quantitative"}, {"start": "00:07:45", "end": "00:07:50", "text": "tightening. And you can see this entire"}, {"start": "00:07:48", "end": "00:07:52", "text": "move was right in the middle of"}, {"start": "00:07:50", "end": "00:07:55", "text": "quantitative tightening. We go this time"}, {"start": "00:07:52", "end": "00:07:58", "text": "around and we go to June of 2022. The"}, {"start": "00:07:55", "end": "00:08:00", "text": "second time only ever that quantitative"}, {"start": "00:07:58", "end": "00:08:02", "text": "tightening started to we can go to"}, {"start": "00:08:00", "end": "00:08:04", "text": "December 1st, 2025. This is a big deal"}, {"start": "00:08:02", "end": "00:08:06", "text": "to me. It doesn't matter to a lot of"}, {"start": "00:08:04", "end": "00:08:09", "text": "other people. It's a big deal to me."}, {"start": "00:08:06", "end": "00:08:11", "text": "Now, we get a sense of the macro"}, {"start": "00:08:09", "end": "00:08:13", "text": "landscape, liquidity landscape, and then"}, {"start": "00:08:11", "end": "00:08:15", "text": "you throw in obviously you throw in"}, {"start": "00:08:13", "end": "00:08:17", "text": "something like PMI and we get a sense of"}, {"start": "00:08:15", "end": "00:08:20", "text": "what's going on there, right?"}, {"start": "00:08:17", "end": "00:08:23", "text": "contraction during all of that move. The"}, {"start": "00:08:20", "end": "00:08:25", "text": "top was in for PMI and then if we go to"}, {"start": "00:08:23", "end": "00:08:27", "text": "this cycle, we've been in contraction."}, {"start": "00:08:25", "end": "00:08:29", "text": "Right? Right now, what I've been saying,"}, {"start": "00:08:27", "end": "00:08:31", "text": "we are in this postquantitative"}, {"start": "00:08:29", "end": "00:08:33", "text": "tightening dip after all this"}, {"start": "00:08:31", "end": "00:08:36", "text": "quantitative tightening is over. We're"}, {"start": "00:08:33", "end": "00:08:39", "text": "in this postQT normalization phase. We"}, {"start": "00:08:36", "end": "00:08:41", "text": "are in a similar setup as right here in"}, {"start": "00:08:39", "end": "00:08:43", "text": "my opinion on the Bitcoin charts, on the"}, {"start": "00:08:41", "end": "00:08:45", "text": "altcoin charts. Obviously price action"}, {"start": "00:08:43", "end": "00:08:46", "text": "is not going to look identical but we"}, {"start": "00:08:45", "end": "00:08:49", "text": "are towards the end of all the"}, {"start": "00:08:46", "end": "00:08:51", "text": "contraction for PMI and the end of"}, {"start": "00:08:49", "end": "00:08:53", "text": "quantitative tightening. So that's"}, {"start": "00:08:51", "end": "00:08:54", "text": "another thing. So it's not just hey the"}, {"start": "00:08:53", "end": "00:08:57", "text": "20week moving average had just fallen"}, {"start": "00:08:54", "end": "00:09:01", "text": "below the 50 back here and then that was"}, {"start": "00:08:57", "end": "00:09:02", "text": "all the way back here in January 2026."}, {"start": "00:09:01", "end": "00:09:04", "text": "That's a similarity but it's the"}, {"start": "00:09:02", "end": "00:09:06", "text": "macroeconomic landscape as well. And"}, {"start": "00:09:04", "end": "00:09:08", "text": "then when we start really just looking"}, {"start": "00:09:06", "end": "00:09:11", "text": "at I mean what's more similar? What's"}, {"start": "00:09:08", "end": "00:09:14", "text": "more similar? Is it this move just"}, {"start": "00:09:11", "end": "00:09:18", "text": "because it's June, July and a CPI print"}, {"start": "00:09:14", "end": "00:09:20", "text": "or is it all of the the divergence that"}, {"start": "00:09:18", "end": "00:09:23", "text": "we're getting at the 200E moving average"}, {"start": "00:09:20", "end": "00:09:24", "text": "area down here? Because notice this was"}, {"start": "00:09:23", "end": "00:09:27", "text": "not Bitcoin was not anywhere near the"}, {"start": "00:09:24", "end": "00:09:29", "text": "200E moving average back then. But"}, {"start": "00:09:27", "end": "00:09:31", "text": "that's precisely where we are right now."}, {"start": "00:09:29", "end": "00:09:34", "text": "So I fail to see how it's similar other"}, {"start": "00:09:31", "end": "00:09:36", "text": "than we're in a similar month and CPI"}, {"start": "00:09:34", "end": "00:09:39", "text": "just printed. Those are the only things"}, {"start": "00:09:36", "end": "00:09:40", "text": "that are similar. But technically,"}, {"start": "00:09:39", "end": "00:09:42", "text": "fundamentally, from a macro perspective,"}, {"start": "00:09:40", "end": "00:09:43", "text": "I just don't think we're similar. And I"}, {"start": "00:09:42", "end": "00:09:45", "text": "say that with love and respect. I really"}, {"start": "00:09:43", "end": "00:09:48", "text": "do. But I had to do that analysis"}, {"start": "00:09:45", "end": "00:09:50", "text": "because it just made so much sense. I'm"}, {"start": "00:09:48", "end": "00:09:51", "text": "tagged in these posts all the time. And"}, {"start": "00:09:50", "end": "00:09:54", "text": "when we're trying to think about things"}, {"start": "00:09:51", "end": "00:09:56", "text": "like what Brian is asking, is the bottom"}, {"start": "00:09:54", "end": "00:09:59", "text": "in? It's really good to dissect these"}, {"start": "00:09:56", "end": "00:10:01", "text": "things from multiple angles. So, that's"}, {"start": "00:09:59", "end": "00:10:03", "text": "what I kind of wanted to try to do here."}, {"start": "00:10:01", "end": "00:10:06", "text": "Dissect this from multiple angles. And"}, {"start": "00:10:03", "end": "00:10:09", "text": "so there's obviously so many different"}, {"start": "00:10:06", "end": "00:10:11", "text": "uh pieces of analysis that play into,"}, {"start": "00:10:09", "end": "00:10:12", "text": "you know, where is Bitcoin on this"}, {"start": "00:10:11", "end": "00:10:14", "text": "chart, right? You can start talking"}, {"start": "00:10:12", "end": "00:10:17", "text": "about momentum as well. Look at this"}, {"start": "00:10:14", "end": "00:10:19", "text": "move that he's saying is similar. Look"}, {"start": "00:10:17", "end": "00:10:22", "text": "where the momentum oscillator oscillator"}, {"start": "00:10:19", "end": "00:10:25", "text": "is on RSI at that moment. We had not had"}, {"start": "00:10:22", "end": "00:10:28", "text": "the reset to the oversold bare market"}, {"start": "00:10:25", "end": "00:10:30", "text": "low area. Right now, we've had the reset"}, {"start": "00:10:28", "end": "00:10:32", "text": "to that bare market low area. So, it's"}, {"start": "00:10:30", "end": "00:10:35", "text": "not just the moving average, how"}, {"start": "00:10:32", "end": "00:10:37", "text": "different uh that chart is from 2018,"}, {"start": "00:10:35", "end": "00:10:40", "text": "but it's also the momentum. It's the"}, {"start": "00:10:37", "end": "00:10:42", "text": "macroeconomic areas of where we are on"}, {"start": "00:10:40", "end": "00:10:44", "text": "that chart. So, in my opinion, Bitcoin"}, {"start": "00:10:42", "end": "00:10:47", "text": "is in a way different area and not a"}, {"start": "00:10:44", "end": "00:10:50", "text": "similar area. Right now, we have this."}, {"start": "00:10:47", "end": "00:10:52", "text": "So, this was a a new indicator I looked"}, {"start": "00:10:50", "end": "00:10:54", "text": "at. It's called the divergence for many"}, {"start": "00:10:52", "end": "00:10:56", "text": "indicators. And it's pretty cool. It"}, {"start": "00:10:54", "end": "00:10:57", "text": "kind of shows you when multiple"}, {"start": "00:10:56", "end": "00:10:59", "text": "indicators are hitting at the same time"}, {"start": "00:10:57", "end": "00:11:01", "text": "in a very simple fashion so that you"}, {"start": "00:10:59", "end": "00:11:02", "text": "don't have to kind of open up the chart"}, {"start": "00:11:01", "end": "00:11:04", "text": "and be like, \"All right, are we getting"}, {"start": "00:11:02", "end": "00:11:06", "text": "are we getting divergence on this uh on"}, {"start": "00:11:04", "end": "00:11:09", "text": "this MACD? Are we getting divergence on"}, {"start": "00:11:06", "end": "00:11:11", "text": "the RSI?\" It'll just show you like when"}, {"start": "00:11:09", "end": "00:11:13", "text": "they all trigger at the same time. And"}, {"start": "00:11:11", "end": "00:11:15", "text": "you can see if I remove the indicator"}, {"start": "00:11:13", "end": "00:11:18", "text": "what it's doing. It's showing you, you"}, {"start": "00:11:15", "end": "00:11:20", "text": "know, bearish divergence uh areas as"}, {"start": "00:11:18", "end": "00:11:22", "text": "well as bullish divergence areas. So,"}, {"start": "00:11:20", "end": "00:11:24", "text": "what I noticed was"}, {"start": "00:11:22", "end": "00:11:27", "text": "look at the length of time before we"}, {"start": "00:11:24", "end": "00:11:29", "text": "even had a bullish divergence signal go"}, {"start": "00:11:27", "end": "00:11:33", "text": "off on this chart. And it's a histogram,"}, {"start": "00:11:29", "end": "00:11:35", "text": "RSI, and stochastic. It's three in one."}, {"start": "00:11:33", "end": "00:11:37", "text": "The last time we had one was a histogram"}, {"start": "00:11:35", "end": "00:11:40", "text": "back here in September 2023. But the"}, {"start": "00:11:37", "end": "00:11:42", "text": "last time we had multiple was was right"}, {"start": "00:11:40", "end": "00:11:44", "text": "here. And this was actually January"}, {"start": "00:11:42", "end": "00:11:46", "text": "2023, not 2022 and December, but it's"}, {"start": "00:11:44", "end": "00:11:48", "text": "like practically the same thing. We had"}, {"start": "00:11:46", "end": "00:11:51", "text": "four going off right here. This just"}, {"start": "00:11:48", "end": "00:11:53", "text": "went off. And you know, you've probably"}, {"start": "00:11:51", "end": "00:11:54", "text": "seen many analysts talk about all the"}, {"start": "00:11:53", "end": "00:11:56", "text": "different bullish divergences that are"}, {"start": "00:11:54", "end": "00:11:59", "text": "happening on this altcoin market cap"}, {"start": "00:11:56", "end": "00:12:02", "text": "chart. What's intriguing to me about it,"}, {"start": "00:11:59", "end": "00:12:04", "text": "it's not just okay, these signals are"}, {"start": "00:12:02", "end": "00:12:08", "text": "going off, but it's like even look at"}, {"start": "00:12:04", "end": "00:12:10", "text": "this post QT, the post QT normalization"}, {"start": "00:12:08", "end": "00:12:12", "text": "phase last cycle. This marked the"}, {"start": "00:12:10", "end": "00:12:15", "text": "bottom, the confluence of three"}, {"start": "00:12:12", "end": "00:12:18", "text": "indicators on this on this indicator,"}, {"start": "00:12:15", "end": "00:12:20", "text": "right? that basically marked one, two,"}, {"start": "00:12:18", "end": "00:12:23", "text": "like a month before the bottom. Right"}, {"start": "00:12:20", "end": "00:12:25", "text": "now in the post QT dip, we have another"}, {"start": "00:12:23", "end": "00:12:27", "text": "three signals hitting at the same time."}, {"start": "00:12:25", "end": "00:12:29", "text": "And this, by the way, hit a couple weeks"}, {"start": "00:12:27", "end": "00:12:33", "text": "ago. So, we're like two weeks in. So the"}, {"start": "00:12:29", "end": "00:12:36", "text": "similarities of of where we are. Sure,"}, {"start": "00:12:33", "end": "00:12:38", "text": "draw the parallel to 2023 bottom, but"}, {"start": "00:12:36", "end": "00:12:42", "text": "also draw the parallel in my in my"}, {"start": "00:12:38", "end": "00:12:45", "text": "opinion to the postQT dip normalization"}, {"start": "00:12:42", "end": "00:12:47", "text": "phase of 2019 because we know what"}, {"start": "00:12:45", "end": "00:12:49", "text": "happened out of that dip. We got a nice"}, {"start": "00:12:47", "end": "00:12:52", "text": "bounce. Obviously, CO threw things off"}, {"start": "00:12:49", "end": "00:12:54", "text": "in that after that bounce, but right now"}, {"start": "00:12:52", "end": "00:12:56", "text": "we're in a different area. We're in a"}, {"start": "00:12:54", "end": "00:12:58", "text": "different macroeconomic"}, {"start": "00:12:56", "end": "00:13:00", "text": "kind of setup, right? I don't know if"}, {"start": "00:12:58", "end": "00:13:02", "text": "there will be a black swan events, but"}, {"start": "00:13:00", "end": "00:13:05", "text": "what I do know is we are in my opinion"}, {"start": "00:13:02", "end": "00:13:06", "text": "like right here from a fundamental"}, {"start": "00:13:05", "end": "00:13:09", "text": "technical perspective and macro"}, {"start": "00:13:06", "end": "00:13:11", "text": "perspective. And it's very interesting"}, {"start": "00:13:09", "end": "00:13:15", "text": "that that signal is going off similar to"}, {"start": "00:13:11", "end": "00:13:18", "text": "obviously 2023 bottom but also the 2019"}, {"start": "00:13:15", "end": "00:13:20", "text": "postQT dip bottom. That's number one."}, {"start": "00:13:18", "end": "00:13:22", "text": "But what's also interesting is if you"}, {"start": "00:13:20", "end": "00:13:25", "text": "just zoom out on this chart, look what"}, {"start": "00:13:22", "end": "00:13:27", "text": "just happened. the PMI is starting to"}, {"start": "00:13:25", "end": "00:13:29", "text": "expand and that becomes very important"}, {"start": "00:13:27", "end": "00:13:32", "text": "when we start looking at charts like"}, {"start": "00:13:29", "end": "00:13:35", "text": "ETHBTC. This is the ETHBTC chart also"}, {"start": "00:13:32", "end": "00:13:38", "text": "kind of aligning to the postQT dip back"}, {"start": "00:13:35", "end": "00:13:40", "text": "here and the shift into altcoin bull"}, {"start": "00:13:38", "end": "00:13:41", "text": "market. So, we've been tracking this. I"}, {"start": "00:13:40", "end": "00:13:42", "text": "wanted to give a quick note of this and"}, {"start": "00:13:41", "end": "00:13:46", "text": "then we're going to look at altcoin"}, {"start": "00:13:42", "end": "00:13:47", "text": "dominance. But look at ETH BTC. I said"}, {"start": "00:13:46", "end": "00:13:50", "text": "at the beginning of this week, watch"}, {"start": "00:13:47", "end": "00:13:52", "text": "what ETH BTC does on this chart because"}, {"start": "00:13:50", "end": "00:13:55", "text": "what we are looking for is for a strong"}, {"start": "00:13:52", "end": "00:13:57", "text": "close above not just the yellow trend"}, {"start": "00:13:55", "end": "00:14:00", "text": "line, but also the 20week moving"}, {"start": "00:13:57", "end": "00:14:05", "text": "average. This is such a similar move to"}, {"start": "00:14:00", "end": "00:14:08", "text": "what we had back here in 2019 going into"}, {"start": "00:14:05", "end": "00:14:09", "text": "2020. We broke this trend line and we"}, {"start": "00:14:08", "end": "00:14:13", "text": "broke the 20week moving average with"}, {"start": "00:14:09", "end": "00:14:14", "text": "with force ETH BTC and that was really"}, {"start": "00:14:13", "end": "00:14:16", "text": "the beginning of something special for"}, {"start": "00:14:14", "end": "00:14:18", "text": "altcoins. There's a lot of volatility"}, {"start": "00:14:16", "end": "00:14:21", "text": "along the way clearly, but that was"}, {"start": "00:14:18", "end": "00:14:23", "text": "really the beginning of the altcoin bull"}, {"start": "00:14:21", "end": "00:14:25", "text": "market and altcoin dominance. If you go"}, {"start": "00:14:23", "end": "00:14:27", "text": "to altcoin dominance, this is what we're"}, {"start": "00:14:25", "end": "00:14:30", "text": "looking at. I wanted to bring this up"}, {"start": "00:14:27", "end": "00:14:33", "text": "because I mean there's not many charts"}, {"start": "00:14:30", "end": "00:14:36", "text": "that align so well with the PMI chart"}, {"start": "00:14:33", "end": "00:14:39", "text": "here in terms of just tracking the PMI."}, {"start": "00:14:36", "end": "00:14:41", "text": "So number one, it makes sense. Months or"}, {"start": "00:14:39", "end": "00:14:43", "text": "I'm sorry, years and years and years of"}, {"start": "00:14:41", "end": "00:14:45", "text": "contraction and suppression of the PMI,"}, {"start": "00:14:43", "end": "00:14:46", "text": "years and years and years and of"}, {"start": "00:14:45", "end": "00:14:49", "text": "contraction and suppression of altcoin"}, {"start": "00:14:46", "end": "00:14:51", "text": "dominance chart just makes so much sense"}, {"start": "00:14:49", "end": "00:14:53", "text": "to me. But now that we're having the"}, {"start": "00:14:51", "end": "00:14:54", "text": "expansion, we've been discussing"}, {"start": "00:14:53", "end": "00:14:56", "text": "expansion, right, of the altcoin"}, {"start": "00:14:54", "end": "00:14:59", "text": "dominance chart, right? When"}, {"start": "00:14:56", "end": "00:15:01", "text": "quantitative tightening ended, we start"}, {"start": "00:14:59", "end": "00:15:03", "text": "seeing this this dominance chart start"}, {"start": "00:15:01", "end": "00:15:06", "text": "turning up. Same exact thing happened"}, {"start": "00:15:03", "end": "00:15:08", "text": "the end of July 2019 starts turning up."}, {"start": "00:15:06", "end": "00:15:10", "text": "Now, what I wanted to bring up on this"}, {"start": "00:15:08", "end": "00:15:13", "text": "chart is we're getting kind of this this"}, {"start": "00:15:10", "end": "00:15:16", "text": "throwback now. And it looks like uhoh,"}, {"start": "00:15:13", "end": "00:15:18", "text": "what's going on? It's in my opinion,"}, {"start": "00:15:16", "end": "00:15:20", "text": "it's a very normal technical move. It's"}, {"start": "00:15:18", "end": "00:15:22", "text": "something that should be anticipated."}, {"start": "00:15:20", "end": "00:15:25", "text": "It's the 20week moving average making"}, {"start": "00:15:22", "end": "00:15:28", "text": "its way above the 50we and just drawing"}, {"start": "00:15:25", "end": "00:15:30", "text": "back into that area as a test. Actually,"}, {"start": "00:15:28", "end": "00:15:32", "text": "if we go back, the same exact thing"}, {"start": "00:15:30", "end": "00:15:35", "text": "happened last cycle when we're kind of"}, {"start": "00:15:32", "end": "00:15:37", "text": "seeing this chart start dominating to"}, {"start": "00:15:35", "end": "00:15:39", "text": "the upside. There's the 20we above the"}, {"start": "00:15:37", "end": "00:15:42", "text": "50 and here's this big pullback to that"}, {"start": "00:15:39", "end": "00:15:43", "text": "entire area of moving averages. So,"}, {"start": "00:15:42", "end": "00:15:46", "text": "we're kind of in that similar"}, {"start": "00:15:43", "end": "00:15:47", "text": "environment right now. Notice PMI was"}, {"start": "00:15:46", "end": "00:15:49", "text": "starting to turn up at that moment, but"}, {"start": "00:15:47", "end": "00:15:51", "text": "it hadn't had that really nice massive"}, {"start": "00:15:49", "end": "00:15:53", "text": "upside. It's exactly what PMI is doing"}, {"start": "00:15:51", "end": "00:15:56", "text": "right now. Starting to turn up, but we"}, {"start": "00:15:53", "end": "00:15:57", "text": "haven't had that massive expansion. And"}, {"start": "00:15:56", "end": "00:15:59", "text": "I think we're going to because of a"}, {"start": "00:15:57", "end": "00:16:02", "text": "productivity boom. So, I know I'm"}, {"start": "00:15:59", "end": "00:16:06", "text": "throwing a lot out there in relation to"}, {"start": "00:16:02", "end": "00:16:08", "text": "is the bottom in uh CPI inflation data"}, {"start": "00:16:06", "end": "00:16:09", "text": "coming coming up, Bitcoin analysis,"}, {"start": "00:16:08", "end": "00:16:11", "text": "trying to figure out what Bitcoin is"}, {"start": "00:16:09", "end": "00:16:13", "text": "doing, what the price action is doing,"}, {"start": "00:16:11", "end": "00:16:14", "text": "what is it more aligned with, total"}, {"start": "00:16:13", "end": "00:16:17", "text": "crypto market cap chart excluding"}, {"start": "00:16:14", "end": "00:16:20", "text": "Bitcoin, altcoins, these indicators"}, {"start": "00:16:17", "end": "00:16:22", "text": "going off, ETHBTC breaking out. There's"}, {"start": "00:16:20", "end": "00:16:24", "text": "so much going on right now, everybody. I"}, {"start": "00:16:22", "end": "00:16:27", "text": "think the the lesson here today, at"}, {"start": "00:16:24", "end": "00:16:29", "text": "least for me, is it is so time, and I've"}, {"start": "00:16:27", "end": "00:16:31", "text": "said this probably for years. I know, I"}, {"start": "00:16:29", "end": "00:16:35", "text": "realize, and I'm happy I did, but it is"}, {"start": "00:16:31", "end": "00:16:37", "text": "so time to lock in because whether the"}, {"start": "00:16:35", "end": "00:16:40", "text": "bottom is in now or the bottom is not"}, {"start": "00:16:37", "end": "00:16:43", "text": "going to be in until October 5th, this"}, {"start": "00:16:40", "end": "00:16:48", "text": "window of time is very small. And it"}, {"start": "00:16:43", "end": "00:16:50", "text": "takes like years, years to get to these"}, {"start": "00:16:48", "end": "00:16:52", "text": "windows of time for us to sit back and"}, {"start": "00:16:50", "end": "00:16:55", "text": "position and figure out what are we"}, {"start": "00:16:52", "end": "00:16:57", "text": "going to do where I'm I'm ready either"}, {"start": "00:16:55", "end": "00:16:59", "text": "way. If this happens or doesn't, I'm"}, {"start": "00:16:57", "end": "00:17:01", "text": "ready either way. I'm balanced. I'm"}, {"start": "00:16:59", "end": "00:17:03", "text": "comfortable in my position. Either way,"}, {"start": "00:17:01", "end": "00:17:05", "text": "that's the question. That's the goal for"}, {"start": "00:17:03", "end": "00:17:06", "text": "me at least. So, I wanted to bring all"}, {"start": "00:17:05", "end": "00:17:08", "text": "this data to you. Everybody, I"}, {"start": "00:17:06", "end": "00:17:10", "text": "appreciate you watching. If you're not a"}, {"start": "00:17:08", "end": "00:17:11", "text": "subscriber, subscribe. Turn"}, {"start": "00:17:10", "end": "00:17:13", "text": "notifications on. I appreciate each and"}, {"start": "00:17:11", "end": "00:17:16", "text": "every one of you. We all see next video."}, {"start": "00:17:13", "end": "00:17:16", "text": "God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Another hearing this week on Clarity"}, {"start": "00:00:02", "end": "00:00:05", "text": "Act, building the future of finance. How"}, {"start": "00:00:03", "end": "00:00:09", "text": "the Clarity Act unlocks innovation. 10"}, {"start": "00:00:05", "end": "00:00:11", "text": "a.m. on Friday. CryptoClarity Act has"}, {"start": "00:00:09", "end": "00:00:13", "text": "until August 7th to pass before the"}, {"start": "00:00:11", "end": "00:00:16", "text": "Senate leaves for summer recess. It's"}, {"start": "00:00:13", "end": "00:00:17", "text": "even more bleak than that. Like on the"}, {"start": "00:00:16", "end": "00:00:18", "text": "zoomed out scale, and that's what I want"}, {"start": "00:00:17", "end": "00:00:21", "text": "to talk about in this video. We're going"}, {"start": "00:00:18", "end": "00:00:24", "text": "to go through why this Friday's hearing"}, {"start": "00:00:21", "end": "00:00:27", "text": "is so important, what's holding things"}, {"start": "00:00:24", "end": "00:00:30", "text": "back, but why if it doesn't pass like in"}, {"start": "00:00:27", "end": "00:00:31", "text": "the next four weeks, this is very bad."}, {"start": "00:00:30", "end": "00:00:34", "text": "So, hit the subscribe and like on the"}, {"start": "00:00:31", "end": "00:00:36", "text": "way in. I want to start with this. This"}, {"start": "00:00:34", "end": "00:00:39", "text": "is Senator Cynthia Lumis. She has been"}, {"start": "00:00:36", "end": "00:00:41", "text": "like the most supportive senator, the"}, {"start": "00:00:39", "end": "00:00:44", "text": "leader in terms of the cryptoclarity"}, {"start": "00:00:41", "end": "00:00:46", "text": "act. Millions of Americans already hold"}, {"start": "00:00:44", "end": "00:00:48", "text": "digital assets with no federal framework"}, {"start": "00:00:46", "end": "00:00:50", "text": "protecting them. The Clarity Act gives"}, {"start": "00:00:48", "end": "00:00:52", "text": "America the confidence and security they"}, {"start": "00:00:50", "end": "00:00:54", "text": "need to participate in our digital"}, {"start": "00:00:52", "end": "00:00:56", "text": "economy. I'm not showing this post to"}, {"start": "00:00:54", "end": "00:00:58", "text": "show you, hey, she supports clarity."}, {"start": "00:00:56", "end": "00:01:00", "text": "Here's what clarity means. I want to"}, {"start": "00:00:58", "end": "00:01:02", "text": "tell you something. Senator Cynthia"}, {"start": "00:01:00", "end": "00:01:05", "text": "Lumis, we found out, I think in"}, {"start": "00:01:02", "end": "00:01:08", "text": "December, she becomes the ninth US"}, {"start": "00:01:05", "end": "00:01:11", "text": "Senator to announce she won't seek"}, {"start": "00:01:08", "end": "00:01:15", "text": "re-election in 2026. So, right now is"}, {"start": "00:01:11", "end": "00:01:18", "text": "July. The elections are in November."}, {"start": "00:01:15", "end": "00:01:20", "text": "she's not seeking re-election. So, we"}, {"start": "00:01:18", "end": "00:01:22", "text": "are about to get just a massive reset in"}, {"start": "00:01:20", "end": "00:01:25", "text": "terms of Congress and the any support"}, {"start": "00:01:22", "end": "00:01:26", "text": "that we have from Congress is just going"}, {"start": "00:01:25", "end": "00:01:28", "text": "to be reset if this thing does not get"}, {"start": "00:01:26", "end": "00:01:30", "text": "passed. We're going to talk more about"}, {"start": "00:01:28", "end": "00:01:32", "text": "that because we really are I mean, it's"}, {"start": "00:01:30", "end": "00:01:35", "text": "just under the clock. And it's crazy to"}, {"start": "00:01:32", "end": "00:01:37", "text": "me that we've been talking about this"}, {"start": "00:01:35", "end": "00:01:40", "text": "for like a year now when it comes to the"}, {"start": "00:01:37", "end": "00:01:42", "text": "importance of this entire thing. I just"}, {"start": "00:01:40", "end": "00:01:44", "text": "want to show you this clip. This is from"}, {"start": "00:01:42", "end": "00:01:45", "text": "the other day. Congressman French Hill,"}, {"start": "00:01:44", "end": "00:01:47", "text": "check it out."}, {"start": "00:01:45", "end": "00:01:49", "text": ">> We've got to look at the big picture"}, {"start": "00:01:47", "end": "00:01:51", "text": "here. Uh, and we've got to get this"}, {"start": "00:01:49", "end": "00:01:53", "text": "market framework in place to be combined"}, {"start": "00:01:51", "end": "00:01:55", "text": "with the Genius Act, which is the stable"}, {"start": "00:01:53", "end": "00:01:57", "text": "coin legislation that's already been"}, {"start": "00:01:55", "end": "00:01:59", "text": "enacted into law. You can't have a"}, {"start": "00:01:57", "end": "00:02:02", "text": "functioning innovative marketplace and"}, {"start": "00:01:59", "end": "00:02:04", "text": "grow this economy on blockchain, and use"}, {"start": "00:02:02", "end": "00:02:07", "text": "digital assets and tokenization if you"}, {"start": "00:02:04", "end": "00:02:09", "text": "don't have both. Stable coin is like a"}, {"start": "00:02:07", "end": "00:02:12", "text": "cell phone, not connected to a cell"}, {"start": "00:02:09", "end": "00:02:15", "text": "phone network. and the market framework"}, {"start": "00:02:12", "end": "00:02:16", "text": "that Mike Seelig talked about is in fact"}, {"start": "00:02:15", "end": "00:02:18", "text": "uh that network that we need."}, {"start": "00:02:16", "end": "00:02:20", "text": ">> So before"}, {"start": "00:02:18", "end": "00:02:22", "text": ">> now it's funny he's mentioning the"}, {"start": "00:02:20", "end": "00:02:24", "text": "economy and then we have on the other"}, {"start": "00:02:22", "end": "00:02:26", "text": "side the anti-crypto army. Here's"}, {"start": "00:02:24", "end": "00:02:27", "text": "Elizabeth Warren talking about the econ"}, {"start": "00:02:26", "end": "00:02:28", "text": "the economy as it relates to crypto. You"}, {"start": "00:02:27", "end": "00:02:30", "text": "might have seen this but this is what"}, {"start": "00:02:28", "end": "00:02:32", "text": "we're up against right now."}, {"start": "00:02:30", "end": "00:02:35", "text": ">> It pushes more of the market into crypto"}, {"start": "00:02:32", "end": "00:02:38", "text": "and removes protections for investors"}, {"start": "00:02:35", "end": "00:02:40", "text": "and removes recourse for victims. That"}, {"start": "00:02:38", "end": "00:02:41", "text": "is the wrong direction to go in."}, {"start": "00:02:40", "end": "00:02:43", "text": ">> All right."}, {"start": "00:02:41", "end": "00:02:44", "text": ">> When this blows up the economy, I hope"}, {"start": "00:02:43", "end": "00:02:48", "text": "everybody remembers"}, {"start": "00:02:44", "end": "00:02:49", "text": ">> crypto going to blow up the economy. So,"}, {"start": "00:02:48", "end": "00:02:51", "text": "by the way, we're going to go over"}, {"start": "00:02:49", "end": "00:02:54", "text": "something the SEC is doing that could"}, {"start": "00:02:51", "end": "00:02:56", "text": "help even if Clarity Act fails to pass,"}, {"start": "00:02:54", "end": "00:02:58", "text": "but I do want to go over kind of what's"}, {"start": "00:02:56", "end": "00:03:00", "text": "going on here. So, here's Eleanor. She's"}, {"start": "00:02:58", "end": "00:03:02", "text": "been tracking all of this probably the"}, {"start": "00:03:00", "end": "00:03:04", "text": "best out of anybody in terms of"}, {"start": "00:03:02", "end": "00:03:06", "text": "reporting. But she mentioned, this was"}, {"start": "00:03:04", "end": "00:03:09", "text": "yesterday, what's going on this week."}, {"start": "00:03:06", "end": "00:03:11", "text": "see CPI, PPI. Um, we have Fed Chair"}, {"start": "00:03:09", "end": "00:03:13", "text": "Kevin W speaking. And then in relation"}, {"start": "00:03:11", "end": "00:03:15", "text": "to Clarity Act, an updated version of"}, {"start": "00:03:13", "end": "00:03:17", "text": "the Clarity Act that merges the Senate"}, {"start": "00:03:15", "end": "00:03:18", "text": "Banking and Senate Agriculture Committee"}, {"start": "00:03:17", "end": "00:03:20", "text": "texts. While stakeholders are"}, {"start": "00:03:18", "end": "00:03:22", "text": "anticipating texts, some industry"}, {"start": "00:03:20", "end": "00:03:25", "text": "sources tell me key provisions are still"}, {"start": "00:03:22", "end": "00:03:29", "text": "being actively negotiated and that an"}, {"start": "00:03:25", "end": "00:03:31", "text": "ethics deal is not done. It's unclear as"}, {"start": "00:03:29", "end": "00:03:33", "text": "of now what that means for the timing of"}, {"start": "00:03:31", "end": "00:03:36", "text": "a Senate floor vote, which many are"}, {"start": "00:03:33", "end": "00:03:38", "text": "hoping could be scheduled as soon as the"}, {"start": "00:03:36", "end": "00:03:40", "text": "week of the 20th. So, the week of the"}, {"start": "00:03:38", "end": "00:03:43", "text": "20th, that's next week. I mean, there's"}, {"start": "00:03:40", "end": "00:03:44", "text": "people that are out there in involved in"}, {"start": "00:03:43", "end": "00:03:47", "text": "all this that are that are hopeful that"}, {"start": "00:03:44", "end": "00:03:48", "text": "that happens, but there's also the flip"}, {"start": "00:03:47", "end": "00:03:51", "text": "side of that. People that are just like,"}, {"start": "00:03:48", "end": "00:03:53", "text": "\"This is not looking good.\" So, Elnor,"}, {"start": "00:03:51", "end": "00:03:55", "text": "she runs Crypto in America and she did"}, {"start": "00:03:53", "end": "00:03:58", "text": "this article, the final countdown for"}, {"start": "00:03:55", "end": "00:04:00", "text": "clarity. This is this came out today."}, {"start": "00:03:58", "end": "00:04:02", "text": "Lawmakers now have roughly four weeks to"}, {"start": "00:04:00", "end": "00:04:04", "text": "schedule, debate, vote on, and"}, {"start": "00:04:02", "end": "00:04:06", "text": "potentially pass the Clarity Act before"}, {"start": "00:04:04", "end": "00:04:08", "text": "leaving Washington for the August"}, {"start": "00:04:06", "end": "00:04:11", "text": "recess. A deadline many plugged in"}, {"start": "00:04:08", "end": "00:04:13", "text": "crypto policy watchers see as the last"}, {"start": "00:04:11", "end": "00:04:14", "text": "realistic opportunity to get"}, {"start": "00:04:13", "end": "00:04:17", "text": "comprehensive crypto market structure"}, {"start": "00:04:14", "end": "00:04:19", "text": "legislation across the finish line this"}, {"start": "00:04:17", "end": "00:04:20", "text": "year. And it could go beyond this year."}, {"start": "00:04:19", "end": "00:04:24", "text": "And I'm going to I'm going to show you"}, {"start": "00:04:20", "end": "00:04:26", "text": "exactly why. But I just think I mean"}, {"start": "00:04:24", "end": "00:04:28", "text": "four weeks to schedule, debate, vote on,"}, {"start": "00:04:26", "end": "00:04:32", "text": "and potentially pass declarative. We've"}, {"start": "00:04:28", "end": "00:04:33", "text": "had a year to schedule, to debate, to do"}, {"start": "00:04:32", "end": "00:04:34", "text": "all of these things, and it's not"}, {"start": "00:04:33", "end": "00:04:36", "text": "happened. And now we're in this"}, {"start": "00:04:34", "end": "00:04:39", "text": "four-year, we're in this four-week"}, {"start": "00:04:36", "end": "00:04:41", "text": "window. The next big milestones come"}, {"start": "00:04:39", "end": "00:04:43", "text": "this week. Industry stakeholders are"}, {"start": "00:04:41", "end": "00:04:45", "text": "awaiting updated legislative text"}, {"start": "00:04:43", "end": "00:04:47", "text": "merging the Senate Banking and Senate"}, {"start": "00:04:45", "end": "00:04:49", "text": "Agriculture Committee versions of the"}, {"start": "00:04:47", "end": "00:04:50", "text": "bill, hoping it will provide the"}, {"start": "00:04:49", "end": "00:04:53", "text": "clearest picture yet of where"}, {"start": "00:04:50", "end": "00:04:55", "text": "negotiations stand, what made the cut,"}, {"start": "00:04:53", "end": "00:04:56", "text": "and which issues still need to be"}, {"start": "00:04:55", "end": "00:04:58", "text": "resolved before the bill is ready for"}, {"start": "00:04:56", "end": "00:04:59", "text": "the Senate floor. It looks like I mean,"}, {"start": "00:04:58", "end": "00:05:01", "text": "it just looks like the bill is never"}, {"start": "00:04:59", "end": "00:05:04", "text": "going to be ready. I wanted to read you"}, {"start": "00:05:01", "end": "00:05:07", "text": "this cuz this is, you know, I mentioned"}, {"start": "00:05:04", "end": "00:05:10", "text": "Cynthia Lumis and her not seeking"}, {"start": "00:05:07", "end": "00:05:13", "text": "re-election, right? We talk about that."}, {"start": "00:05:10", "end": "00:05:15", "text": "I wanted to read you this. The next four"}, {"start": "00:05:13", "end": "00:05:19", "text": "weeks are likely Clarity's last chance"}, {"start": "00:05:15", "end": "00:05:21", "text": "to pass in the 119th Congress, said"}, {"start": "00:05:19", "end": "00:05:24", "text": "Galaxy Digital head of research Alex"}, {"start": "00:05:21", "end": "00:05:26", "text": "Thorne. If we don't pass Clarity into"}, {"start": "00:05:24", "end": "00:05:29", "text": "law, innovation will continue abroad and"}, {"start": "00:05:26", "end": "00:05:32", "text": "America will be left behind. That is how"}, {"start": "00:05:29", "end": "00:05:35", "text": "bleak this is because we have the"}, {"start": "00:05:32", "end": "00:05:38", "text": "support of uh much of 119th Congress. We"}, {"start": "00:05:35", "end": "00:05:40", "text": "have the support of Cynthia Lumis Lumis"}, {"start": "00:05:38", "end": "00:05:42", "text": "who is stepping down by the way not"}, {"start": "00:05:40", "end": "00:05:44", "text": "seeking re-election and if this if we"}, {"start": "00:05:42", "end": "00:05:47", "text": "get to November and there's new"}, {"start": "00:05:44", "end": "00:05:48", "text": "elections we have to go through all this"}, {"start": "00:05:47", "end": "00:05:51", "text": "process again with with the 120th"}, {"start": "00:05:48", "end": "00:05:54", "text": "Congress. That is why this is such a"}, {"start": "00:05:51", "end": "00:05:56", "text": "bleak and urgent situation. That is why"}, {"start": "00:05:54", "end": "00:05:57", "text": "this week in, you know, at the end of"}, {"start": "00:05:56", "end": "00:06:00", "text": "this week, this hearing that is taking"}, {"start": "00:05:57", "end": "00:06:03", "text": "place, that is why it is so crucial for"}, {"start": "00:06:00", "end": "00:06:06", "text": "this thing to get wrapped up and signed"}, {"start": "00:06:03", "end": "00:06:09", "text": "into law and to pass the Senate. So,"}, {"start": "00:06:06", "end": "00:06:10", "text": "that's going on right now. I wanted to"}, {"start": "00:06:09", "end": "00:06:12", "text": "bring this up to you and we're going to"}, {"start": "00:06:10", "end": "00:06:14", "text": "see how this week progresses. There's"}, {"start": "00:06:12", "end": "00:06:15", "text": "going to probably be a lot of chatter"}, {"start": "00:06:14", "end": "00:06:19", "text": "and a lot of rumors and a lot of"}, {"start": "00:06:15", "end": "00:06:22", "text": "headlines uh about this hearing and just"}, {"start": "00:06:19", "end": "00:06:25", "text": "a deal coming to fruition. But I saw"}, {"start": "00:06:22", "end": "00:06:28", "text": "this SEC plans crypto rule changes for"}, {"start": "00:06:25", "end": "00:06:32", "text": "exchanges and broker dealers in 2026"}, {"start": "00:06:28", "end": "00:06:34", "text": "regulatory agenda. So the SEC is doing"}, {"start": "00:06:32", "end": "00:06:37", "text": "its own thing, right? And we know we"}, {"start": "00:06:34", "end": "00:06:38", "text": "have a pro crypto SEC right now. The SEC"}, {"start": "00:06:37", "end": "00:06:40", "text": "is also considered proposing new changes"}, {"start": "00:06:38", "end": "00:06:43", "text": "to his exchange rules. The proposal is"}, {"start": "00:06:40", "end": "00:06:45", "text": "necessary to help clarify I think it's"}, {"start": "00:06:43", "end": "00:06:48", "text": "funny we're using the word clarify,"}, {"start": "00:06:45", "end": "00:06:50", "text": "you know, along with clarity. clarify"}, {"start": "00:06:48", "end": "00:06:52", "text": "the regulatory framework for crypto"}, {"start": "00:06:50", "end": "00:06:54", "text": "assets and provide greater certainty to"}, {"start": "00:06:52", "end": "00:06:56", "text": "the market and in particular provide"}, {"start": "00:06:54", "end": "00:06:58", "text": "clear rules of the road for the"}, {"start": "00:06:56", "end": "00:07:00", "text": "issuance, custody and trading of crypto"}, {"start": "00:06:58", "end": "00:07:03", "text": "assets while continuing to discourage"}, {"start": "00:07:00", "end": "00:07:06", "text": "bad actors from violating the law. It is"}, {"start": "00:07:03", "end": "00:07:09", "text": "good. It's terrible that we Congress is"}, {"start": "00:07:06", "end": "00:07:12", "text": "failing in this regard with Clarity Act."}, {"start": "00:07:09", "end": "00:07:14", "text": "It's terrible. But what is good is we"}, {"start": "00:07:12", "end": "00:07:16", "text": "have a pro crypto SEC that is making"}, {"start": "00:07:14", "end": "00:07:19", "text": "moves that is doing things. And in"}, {"start": "00:07:16", "end": "00:07:22", "text": "relation to this, I saw this post um"}, {"start": "00:07:19", "end": "00:07:23", "text": "from James Thorne over here. Uh the"}, {"start": "00:07:22", "end": "00:07:25", "text": "incompetence of DC will not stop"}, {"start": "00:07:23", "end": "00:07:27", "text": "innovation. Next time you hear senators"}, {"start": "00:07:25", "end": "00:07:29", "text": "complain about the rules, remember they"}, {"start": "00:07:27", "end": "00:07:31", "text": "had a chance to set them. And true to"}, {"start": "00:07:29", "end": "00:07:34", "text": "form, they could not achieve a consensus"}, {"start": "00:07:31", "end": "00:07:36", "text": "to put the USA on the front foot. Now"}, {"start": "00:07:34", "end": "00:07:38", "text": "regulators will set the rules of the"}, {"start": "00:07:36", "end": "00:07:40", "text": "game. The SEC is about to flip the"}, {"start": "00:07:38", "end": "00:07:42", "text": "script. Crypto tokens will no longer be"}, {"start": "00:07:40", "end": "00:07:44", "text": "treated as securities once a project"}, {"start": "00:07:42", "end": "00:07:47", "text": "becomes decentralized. This regulation"}, {"start": "00:07:44", "end": "00:07:50", "text": "crypto overhaul includes a 4-year safe"}, {"start": "00:07:47", "end": "00:07:54", "text": "harbor and allows startups to raise $75"}, {"start": "00:07:50", "end": "00:07:55", "text": "million without full registration. SEC"}, {"start": "00:07:54", "end": "00:07:59", "text": "plans crypto rule changes for exchanges"}, {"start": "00:07:55", "end": "00:08:01", "text": "and broker dealers in 2026 regulatory"}, {"start": "00:07:59", "end": "00:08:04", "text": "agenda. So there he is. Paul Atkins,"}, {"start": "00:08:01", "end": "00:08:06", "text": "very happy to have him in in place. So I"}, {"start": "00:08:04", "end": "00:08:08", "text": "know it's a tight schedule right now. I"}, {"start": "00:08:06", "end": "00:08:09", "text": "know it's not looking great for clarity."}, {"start": "00:08:08", "end": "00:08:11", "text": "It's just not. I've been the most"}, {"start": "00:08:09", "end": "00:08:14", "text": "optimistic person about clarity, but I"}, {"start": "00:08:11", "end": "00:08:16", "text": "just it's not looking very good. But it"}, {"start": "00:08:14", "end": "00:08:20", "text": "is good. The silver lining is we have"}, {"start": "00:08:16", "end": "00:08:23", "text": "the SEC, proc crypto SEC in place, CFTC,"}, {"start": "00:08:20", "end": "00:08:26", "text": "you know, these"}, {"start": "00:08:23", "end": "00:08:29", "text": "uh these organizations working together"}, {"start": "00:08:26", "end": "00:08:30", "text": "for for crypto, right? And for crypto"}, {"start": "00:08:29", "end": "00:08:32", "text": "clarity, even though the Clarity Act is"}, {"start": "00:08:30", "end": "00:08:34", "text": "not passing. So, we're going to continue"}, {"start": "00:08:32", "end": "00:08:35", "text": "tracking all of these things. It's"}, {"start": "00:08:34", "end": "00:08:38", "text": "obviously a really big week along with"}, {"start": "00:08:35", "end": "00:08:40", "text": "the CPI uh data coming out along with"}, {"start": "00:08:38", "end": "00:08:41", "text": "Kevin Wash speaking. Probably going to"}, {"start": "00:08:40", "end": "00:08:43", "text": "be a lot of volatility, a lot of"}, {"start": "00:08:41", "end": "00:08:45", "text": "headlines, but I wanted to bring you"}, {"start": "00:08:43", "end": "00:08:46", "text": "this because I know there's going to be"}, {"start": "00:08:45", "end": "00:08:48", "text": "a lot of talk about what's coming on"}, {"start": "00:08:46", "end": "00:08:51", "text": "Friday, and that is this hearing. And we"}, {"start": "00:08:48", "end": "00:08:54", "text": "really need to see uh you know, a nice"}, {"start": "00:08:51", "end": "00:08:56", "text": "turn of events for this thing to pass"}, {"start": "00:08:54", "end": "00:08:57", "text": "within like the next four weeks. So,"}, {"start": "00:08:56", "end": "00:08:59", "text": "appreciate you watching. If you're not a"}, {"start": "00:08:57", "end": "00:09:01", "text": "subscriber, hit that subscribe. I will"}, {"start": "00:08:59", "end": "00:09:03", "text": "see you all in the next video. God"}, {"start": "00:09:01", "end": "00:09:03", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "This is the ETHBTC chart and it is doing"}, {"start": "00:00:02", "end": "00:00:06", "text": "something right now that has only done"}, {"start": "00:00:03", "end": "00:00:08", "text": "one other time before 2019 right after"}, {"start": "00:00:06", "end": "00:00:12", "text": "the Fed's quantitative tightening dip."}, {"start": "00:00:08", "end": "00:00:14", "text": "The normalization phase postQT same spot"}, {"start": "00:00:12", "end": "00:00:17", "text": "in the liquidity cycle. Last time this"}, {"start": "00:00:14", "end": "00:00:20", "text": "exact setup resolved in a breakout that"}, {"start": "00:00:17", "end": "00:00:23", "text": "repriced the entire altcoin market. So,"}, {"start": "00:00:20", "end": "00:00:25", "text": "in this video, I'm going to put 2019 and"}, {"start": "00:00:23", "end": "00:00:28", "text": "today side by side, show you where the"}, {"start": "00:00:25", "end": "00:00:31", "text": "levels are, and walk through what has to"}, {"start": "00:00:28", "end": "00:00:34", "text": "happen for this to actually confirm and"}, {"start": "00:00:31", "end": "00:00:35", "text": "what invalidates it. Also, the total"}, {"start": "00:00:34", "end": "00:00:39", "text": "crypto market cap chart, excluding"}, {"start": "00:00:35", "end": "00:00:43", "text": "Bitcoin, altcoins, 6% away from a"}, {"start": "00:00:39", "end": "00:00:45", "text": "multi-ycle confirmation area, a bull"}, {"start": "00:00:43", "end": "00:00:46", "text": "market confirmation area. This is what"}, {"start": "00:00:45", "end": "00:00:48", "text": "we're going to discuss in today's video."}, {"start": "00:00:46", "end": "00:00:51", "text": "Hit the subscribe and like on the way"}, {"start": "00:00:48", "end": "00:00:52", "text": "in. Let's start on the ETHBTC chart. I"}, {"start": "00:00:51", "end": "00:00:54", "text": "have the monthly. We're going to be kind"}, {"start": "00:00:52", "end": "00:00:56", "text": "of messing around mainly with the"}, {"start": "00:00:54", "end": "00:00:59", "text": "weekly, but I just want to show you on"}, {"start": "00:00:56", "end": "00:01:00", "text": "the monthly two things. Number one, this"}, {"start": "00:00:59", "end": "00:01:02", "text": "trend line is really the trend line"}, {"start": "00:01:00", "end": "00:01:04", "text": "we're going to be discussing on the"}, {"start": "00:01:02", "end": "00:01:06", "text": "weekly. We're going to we're going to"}, {"start": "00:01:04", "end": "00:01:07", "text": "really dig into confirmation area. But"}, {"start": "00:01:06", "end": "00:01:09", "text": "what I want to point out to you is"}, {"start": "00:01:07", "end": "00:01:11", "text": "there's a trend line. You can see the"}, {"start": "00:01:09", "end": "00:01:14", "text": "monthly so far trading above it. This"}, {"start": "00:01:11", "end": "00:01:16", "text": "might this might close below it in 19"}, {"start": "00:01:14", "end": "00:01:16", "text": "days. I don't know. But the move we're"}, {"start": "00:01:16", "end": "00:01:18", "text": "going to be looking at is the"}, {"start": "00:01:16", "end": "00:01:21", "text": "postquantitative tightening dip move of"}, {"start": "00:01:18", "end": "00:01:24", "text": "2019. And it was Ethereum's breakout"}, {"start": "00:01:21", "end": "00:01:27", "text": "moment against ETHBTC. Right? That's"}, {"start": "00:01:24", "end": "00:01:28", "text": "what it looks like on this chart. Now,"}, {"start": "00:01:27", "end": "00:01:29", "text": "the thing I wanted to point out, the"}, {"start": "00:01:28", "end": "00:01:32", "text": "second thing on this chart I wanted to"}, {"start": "00:01:29", "end": "00:01:34", "text": "point out to you is I think mainly when"}, {"start": "00:01:32", "end": "00:01:36", "text": "we're zoomed out on these charts, in"}, {"start": "00:01:34", "end": "00:01:39", "text": "particular this ETHBTC chart, what we"}, {"start": "00:01:36", "end": "00:01:41", "text": "really want to look for is not only"}, {"start": "00:01:39", "end": "00:01:43", "text": "trend line breaks, but we want to look"}, {"start": "00:01:41", "end": "00:01:46", "text": "for moving average breaks. In this case,"}, {"start": "00:01:43", "end": "00:01:48", "text": "the 20month moving average in green is"}, {"start": "00:01:46", "end": "00:01:51", "text": "such a key area. I mean, Ethereum has"}, {"start": "00:01:48", "end": "00:01:55", "text": "been just seeing resistance below this"}, {"start": "00:01:51", "end": "00:01:56", "text": "area since 2023 for years. So, obviously"}, {"start": "00:01:55", "end": "00:01:59", "text": "breaking above that would be obviously"}, {"start": "00:01:56", "end": "00:02:03", "text": "very important, but it's that move above"}, {"start": "00:01:59", "end": "00:02:05", "text": "the 20, but also the RSI above this"}, {"start": "00:02:03", "end": "00:02:06", "text": "moving average line, this purple line"}, {"start": "00:02:05", "end": "00:02:08", "text": "that you see here. We want to see the"}, {"start": "00:02:06", "end": "00:02:10", "text": "break of the RSI above that line. And"}, {"start": "00:02:08", "end": "00:02:12", "text": "really, we want to see support of"}, {"start": "00:02:10", "end": "00:02:14", "text": "momentum above that line as well. And"}, {"start": "00:02:12", "end": "00:02:16", "text": "you can see right now Ethereum RSI is"}, {"start": "00:02:14", "end": "00:02:19", "text": "trending up right towards that moving"}, {"start": "00:02:16", "end": "00:02:22", "text": "average line. So this is like becoming"}, {"start": "00:02:19", "end": "00:02:24", "text": "insane in terms of this takes years."}, {"start": "00:02:22", "end": "00:02:26", "text": "This this move takes years. And I'm not"}, {"start": "00:02:24", "end": "00:02:28", "text": "sitting here saying it's going to"}, {"start": "00:02:26", "end": "00:02:31", "text": "confirm. We might get massively rejected"}, {"start": "00:02:28", "end": "00:02:34", "text": "this month. This ETHBT BTC chart might"}, {"start": "00:02:31", "end": "00:02:36", "text": "get rejected. But that's what I want to"}, {"start": "00:02:34", "end": "00:02:37", "text": "discuss with you is kind of what can we"}, {"start": "00:02:36", "end": "00:02:40", "text": "look for? And I think the weekly chart"}, {"start": "00:02:37", "end": "00:02:42", "text": "is way more helpful in that regard. So,"}, {"start": "00:02:40", "end": "00:02:44", "text": "a glance at this weekly chart on ETHB"}, {"start": "00:02:42", "end": "00:02:47", "text": "BTC, you don't have to hold Ethereum. I"}, {"start": "00:02:44", "end": "00:02:49", "text": "don't. This is huge for altcoins. If you"}, {"start": "00:02:47", "end": "00:02:52", "text": "want an altcoin bull market, if you want"}, {"start": "00:02:49", "end": "00:02:53", "text": "a shift, you know, into altcoins, a bull"}, {"start": "00:02:52", "end": "00:02:56", "text": "market finally for all coins, this"}, {"start": "00:02:53", "end": "00:02:57", "text": "ETHBTC chart is such a good indicator."}, {"start": "00:02:56", "end": "00:02:58", "text": "And this is what we're looking at. So,"}, {"start": "00:02:57", "end": "00:03:01", "text": "here's the weekly. I want to point out"}, {"start": "00:02:58", "end": "00:03:04", "text": "to you right away there's resistance so"}, {"start": "00:03:01", "end": "00:03:05", "text": "far like at this 20week moving average."}, {"start": "00:03:04", "end": "00:03:08", "text": "We kind of wicked towards it a couple"}, {"start": "00:03:05", "end": "00:03:10", "text": "weeks ago. We've not broken this 20week"}, {"start": "00:03:08", "end": "00:03:11", "text": "moving average. So kind of confluent"}, {"start": "00:03:10", "end": "00:03:14", "text": "resistance at this trend line that goes"}, {"start": "00:03:11", "end": "00:03:17", "text": "back to this swing high in August 2025"}, {"start": "00:03:14", "end": "00:03:20", "text": "and this uh 20week moving average."}, {"start": "00:03:17", "end": "00:03:21", "text": "That's number one. What we're talking"}, {"start": "00:03:20", "end": "00:03:25", "text": "about here and what we're dealing with"}, {"start": "00:03:21", "end": "00:03:28", "text": "here is this this December 25th line"}, {"start": "00:03:25", "end": "00:03:30", "text": "that is quantitative tightening ended"}, {"start": "00:03:28", "end": "00:03:33", "text": "all year long. I warned of a"}, {"start": "00:03:30", "end": "00:03:36", "text": "postquantitative tightening dip not just"}, {"start": "00:03:33", "end": "00:03:38", "text": "on the ETHBTC chart but just in general"}, {"start": "00:03:36", "end": "00:03:40", "text": "for crypto. We got that dip. That has"}, {"start": "00:03:38", "end": "00:03:42", "text": "been partly what has played into a"}, {"start": "00:03:40", "end": "00:03:45", "text": "pretty rough year so far. I've been"}, {"start": "00:03:42", "end": "00:03:48", "text": "saying I think that dip is coming to an"}, {"start": "00:03:45", "end": "00:03:50", "text": "end. I think the entire multi-year bare"}, {"start": "00:03:48", "end": "00:03:51", "text": "market is coming to an end. But so what"}, {"start": "00:03:50", "end": "00:03:55", "text": "we're doing here is we're we're side by"}, {"start": "00:03:51", "end": "00:03:56", "text": "side looking at the post QT dip of 2019"}, {"start": "00:03:55", "end": "00:03:59", "text": "because after that quantitative"}, {"start": "00:03:56", "end": "00:04:01", "text": "tightening ended in July 2019, ETHBTC"}, {"start": "00:03:59", "end": "00:04:03", "text": "went on to find its bottom and then do"}, {"start": "00:04:01", "end": "00:04:05", "text": "its reversal. So what we're looking for"}, {"start": "00:04:03", "end": "00:04:08", "text": "now is the bottom postqt and the"}, {"start": "00:04:05", "end": "00:04:10", "text": "reversal. So, here's what I'm watching"}, {"start": "00:04:08", "end": "00:04:12", "text": "on this chart. It's and it's pretty"}, {"start": "00:04:10", "end": "00:04:15", "text": "simple. It's obviously this trend line"}, {"start": "00:04:12", "end": "00:04:18", "text": "and the 20week moving average. If you go"}, {"start": "00:04:15", "end": "00:04:20", "text": "back to 2019 into 2020 when the dip was"}, {"start": "00:04:18", "end": "00:04:22", "text": "over, you can just see there's a trend"}, {"start": "00:04:20", "end": "00:04:25", "text": "line and the break above uh the 20week"}, {"start": "00:04:22", "end": "00:04:27", "text": "moving average. That was that was it."}, {"start": "00:04:25", "end": "00:04:30", "text": "That that was the bottom, right? So,"}, {"start": "00:04:27", "end": "00:04:33", "text": "similarly, the bottom could be in for"}, {"start": "00:04:30", "end": "00:04:34", "text": "Ethereum. This could be it. I mean, this"}, {"start": "00:04:33", "end": "00:04:36", "text": "essentially could be it. was all the way"}, {"start": "00:04:34", "end": "00:04:38", "text": "back in April 2025, over a year ago. The"}, {"start": "00:04:36", "end": "00:04:40", "text": "bottom for ETHB BTC could have been over"}, {"start": "00:04:38", "end": "00:04:41", "text": "a year ago. But when we're looking at"}, {"start": "00:04:40", "end": "00:04:43", "text": "the midterm and we're looking at"}, {"start": "00:04:41", "end": "00:04:45", "text": "liquidity cycles and where we are in"}, {"start": "00:04:43", "end": "00:04:47", "text": "terms of this post- quantitative"}, {"start": "00:04:45", "end": "00:04:49", "text": "tightening dip, the bottom could be in."}, {"start": "00:04:47", "end": "00:04:51", "text": "And and by the way, I want to just show"}, {"start": "00:04:49", "end": "00:04:53", "text": "you something really quickly. We've been"}, {"start": "00:04:51", "end": "00:04:57", "text": "looking at this on uh the altcoin market"}, {"start": "00:04:53", "end": "00:05:00", "text": "cap altcoin market cap side. The bottom"}, {"start": "00:04:57", "end": "00:05:01", "text": "could be in right when quantitative"}, {"start": "00:05:00", "end": "00:05:03", "text": "tightening ended in December. You can"}, {"start": "00:05:01", "end": "00:05:06", "text": "see this altcoin dominance chart"}, {"start": "00:05:03", "end": "00:05:07", "text": "trending up since then. The same exact"}, {"start": "00:05:06", "end": "00:05:09", "text": "thing happened when quantitative"}, {"start": "00:05:07", "end": "00:05:12", "text": "tightening ended in 2019. It started"}, {"start": "00:05:09", "end": "00:05:14", "text": "trending up at that moment. So the in"}, {"start": "00:05:12", "end": "00:05:17", "text": "terms of altcoins, altcoin dominance,"}, {"start": "00:05:14", "end": "00:05:18", "text": "that bottom could be in. So I wanted to"}, {"start": "00:05:17", "end": "00:05:20", "text": "make a note of that as we're kind of"}, {"start": "00:05:18", "end": "00:05:23", "text": "dissecting all these charts. But let's"}, {"start": "00:05:20", "end": "00:05:25", "text": "go back and look at ETHBTC for a moment."}, {"start": "00:05:23", "end": "00:05:27", "text": "So on the ETHBTC chart besides the"}, {"start": "00:05:25", "end": "00:05:29", "text": "20week moving average, and by the way,"}, {"start": "00:05:27", "end": "00:05:31", "text": "this is one piece of invalidation,"}, {"start": "00:05:29", "end": "00:05:34", "text": "right? It's we get rejected here. ETHBTC"}, {"start": "00:05:31", "end": "00:05:36", "text": "doesn't start breaking out. That's a"}, {"start": "00:05:34", "end": "00:05:38", "text": "very important thing. If that happens,"}, {"start": "00:05:36", "end": "00:05:41", "text": "that's invalidation of this of this bull"}, {"start": "00:05:38", "end": "00:05:43", "text": "move, right? A good example if you want"}, {"start": "00:05:41", "end": "00:05:46", "text": "to see what that could look like is"}, {"start": "00:05:43", "end": "00:05:49", "text": "right here, just rejection right around"}, {"start": "00:05:46", "end": "00:05:51", "text": "this uh trend line and the 20we. It"}, {"start": "00:05:49", "end": "00:05:53", "text": "hopped right above the 20we but saw"}, {"start": "00:05:51", "end": "00:05:56", "text": "rejection at the at that trend line. So,"}, {"start": "00:05:53", "end": "00:05:57", "text": "we need both of those things to happen"}, {"start": "00:05:56", "end": "00:06:00", "text": "in order to start talking about the"}, {"start": "00:05:57", "end": "00:06:04", "text": "confirmation. Now, if we go and we start"}, {"start": "00:06:00", "end": "00:06:06", "text": "looking at the RSI for Ethereum, this is"}, {"start": "00:06:04", "end": "00:06:08", "text": "where I think things become interesting"}, {"start": "00:06:06", "end": "00:06:11", "text": "because when Ethereum started really"}, {"start": "00:06:08", "end": "00:06:13", "text": "making its momentum move to the upside,"}, {"start": "00:06:11", "end": "00:06:15", "text": "you can see what happened here, right"}, {"start": "00:06:13", "end": "00:06:18", "text": "here on the RSI, and we kind of just"}, {"start": "00:06:15", "end": "00:06:21", "text": "looked at this on the monthly, but this"}, {"start": "00:06:18", "end": "00:06:23", "text": "RSI on the weekly just exploded to the"}, {"start": "00:06:21", "end": "00:06:26", "text": "upside. That was the big move that"}, {"start": "00:06:23", "end": "00:06:28", "text": "really Ethereum saw that escaped that"}, {"start": "00:06:26", "end": "00:06:31", "text": "low, right? and the reversal started"}, {"start": "00:06:28", "end": "00:06:32", "text": "then e Ethereum versus BTC from that"}, {"start": "00:06:31", "end": "00:06:34", "text": "moment it was higher highs and higher"}, {"start": "00:06:32", "end": "00:06:37", "text": "lows into the bull market that's what we"}, {"start": "00:06:34", "end": "00:06:38", "text": "want now and so we're waiting for these"}, {"start": "00:06:37", "end": "00:06:42", "text": "different confirmations but this is one"}, {"start": "00:06:38", "end": "00:06:43", "text": "of them and simultaneously besides just"}, {"start": "00:06:42", "end": "00:06:45", "text": "waiting to see can ETH BTC put in a"}, {"start": "00:06:43", "end": "00:06:47", "text": "power move on the RSI that would be such"}, {"start": "00:06:45", "end": "00:06:50", "text": "a good sign I mean I'm talking we're"}, {"start": "00:06:47", "end": "00:06:53", "text": "making a move above 50 on the RSI maybe"}, {"start": "00:06:50", "end": "00:06:57", "text": "to 60 up towards 70 even here's the"}, {"start": "00:06:53", "end": "00:07:00", "text": "invalidation if we get rejection at this"}, {"start": "00:06:57", "end": "00:07:03", "text": "20we and the trend line we get rejection"}, {"start": "00:07:00", "end": "00:07:04", "text": "right uh maybe even this week it happens"}, {"start": "00:07:03", "end": "00:07:06", "text": "we get rejected and then you actually"}, {"start": "00:07:04", "end": "00:07:08", "text": "see the RSI start turning back down and"}, {"start": "00:07:06", "end": "00:07:11", "text": "even falling below this moving average"}, {"start": "00:07:08", "end": "00:07:13", "text": "line on the RSI that's not a good look"}, {"start": "00:07:11", "end": "00:07:14", "text": "and that will be an invalidation on the"}, {"start": "00:07:13", "end": "00:07:16", "text": "short term I want to point your"}, {"start": "00:07:14", "end": "00:07:20", "text": "attention to something this is massive"}, {"start": "00:07:16", "end": "00:07:23", "text": "on the MACD on this weekly you can see"}, {"start": "00:07:20", "end": "00:07:26", "text": "for the first time I mean here's October"}, {"start": "00:07:23", "end": "00:07:27", "text": "2025 really when the real big dip"}, {"start": "00:07:26", "end": "00:07:32", "text": "started"}, {"start": "00:07:27", "end": "00:07:34", "text": "But for the first time since May of"}, {"start": "00:07:32", "end": "00:07:37", "text": "2025,"}, {"start": "00:07:34", "end": "00:07:40", "text": "we're getting some actual real momentum"}, {"start": "00:07:37", "end": "00:07:43", "text": "on this MACD on the weekly for ETH BTC."}, {"start": "00:07:40", "end": "00:07:45", "text": "This is a picture of an altcoin bull"}, {"start": "00:07:43", "end": "00:07:47", "text": "move. That's what it is. The beginning"}, {"start": "00:07:45", "end": "00:07:49", "text": "of an altcoin bull move. So please just"}, {"start": "00:07:47", "end": "00:07:52", "text": "keep that in mind. This is very strong"}, {"start": "00:07:49", "end": "00:07:54", "text": "indicator. It is not a guarantee. Like I"}, {"start": "00:07:52", "end": "00:07:57", "text": "said, we want to look for these areas on"}, {"start": "00:07:54", "end": "00:07:59", "text": "this bit on this ETHBTC chart for real"}, {"start": "00:07:57", "end": "00:08:02", "text": "validation. And that is an escape of"}, {"start": "00:07:59", "end": "00:08:04", "text": "these uh two resistance area, the 20week"}, {"start": "00:08:02", "end": "00:08:06", "text": "moving average, that green line that you"}, {"start": "00:08:04", "end": "00:08:08", "text": "see here and this trend line that"}, {"start": "00:08:06", "end": "00:08:11", "text": "Ethereum BTC is at right now. So be very"}, {"start": "00:08:08", "end": "00:08:13", "text": "careful. This this might fail. Okay, we"}, {"start": "00:08:11", "end": "00:08:14", "text": "might fail. We might fall lower. It"}, {"start": "00:08:13", "end": "00:08:17", "text": "might not be time. And that would be a"}, {"start": "00:08:14", "end": "00:08:20", "text": "very similar type of deal as we had kind"}, {"start": "00:08:17", "end": "00:08:22", "text": "of like back here, right? rejection, we"}, {"start": "00:08:20", "end": "00:08:23", "text": "go lower for another month, month and a"}, {"start": "00:08:22", "end": "00:08:25", "text": "half, whatever, and then we're retesting"}, {"start": "00:08:23", "end": "00:08:28", "text": "it again. That could be in play right"}, {"start": "00:08:25", "end": "00:08:30", "text": "now. But the ETHBTC chart, I put game"}, {"start": "00:08:28", "end": "00:08:33", "text": "on. I think I did this last week, but"}, {"start": "00:08:30", "end": "00:08:37", "text": "this is what it was. That break right"}, {"start": "00:08:33", "end": "00:08:39", "text": "there was game on. Can ETH BTC"}, {"start": "00:08:37", "end": "00:08:42", "text": "do something similar? That's the"}, {"start": "00:08:39", "end": "00:08:45", "text": "question. Excuse me. So going over here"}, {"start": "00:08:42", "end": "00:08:47", "text": "to ETH Ethereum, I want to kind of draw"}, {"start": "00:08:45", "end": "00:08:48", "text": "a parallel between the ETHBTC chart and"}, {"start": "00:08:47", "end": "00:08:51", "text": "then we're going to look at altcoin"}, {"start": "00:08:48", "end": "00:08:54", "text": "charts. So the altcoin market cap chart."}, {"start": "00:08:51", "end": "00:08:56", "text": "So here's ETHUSD. What I want to point"}, {"start": "00:08:54", "end": "00:08:58", "text": "out to you is because we're we're trying"}, {"start": "00:08:56", "end": "00:09:00", "text": "to draw this parallel to the post QT"}, {"start": "00:08:58", "end": "00:09:03", "text": "dip, right? If you go back, here's what"}, {"start": "00:09:00", "end": "00:09:05", "text": "it looks like right now on ETHUSD. I"}, {"start": "00:09:03", "end": "00:09:08", "text": "mean, we are squeezing into this very"}, {"start": "00:09:05", "end": "00:09:10", "text": "interesting area for ETH. But if we go"}, {"start": "00:09:08", "end": "00:09:13", "text": "back to the post QQT dip back here, you"}, {"start": "00:09:10", "end": "00:09:16", "text": "can just see Ethereum at this moment, it"}, {"start": "00:09:13", "end": "00:09:20", "text": "was January of 2020, right? Breaking"}, {"start": "00:09:16", "end": "00:09:22", "text": "above the trend line, breaking above the"}, {"start": "00:09:20", "end": "00:09:24", "text": "uh the 20week moving average, the 50week"}, {"start": "00:09:22", "end": "00:09:26", "text": "moving average. A really nice move. And"}, {"start": "00:09:24", "end": "00:09:28", "text": "then obviously CO put a little bit of a"}, {"start": "00:09:26", "end": "00:09:31", "text": "pause on the bull the bullishness,"}, {"start": "00:09:28", "end": "00:09:32", "text": "right? And then we continued. But what I"}, {"start": "00:09:31", "end": "00:09:36", "text": "want to point out is that move happened"}, {"start": "00:09:32", "end": "00:09:38", "text": "in January of 2020. That breakout move."}, {"start": "00:09:36", "end": "00:09:40", "text": "If you go to ETHBTC, what I want to"}, {"start": "00:09:38", "end": "00:09:42", "text": "point out to you is if we go back to"}, {"start": "00:09:40", "end": "00:09:45", "text": "this time frame,"}, {"start": "00:09:42", "end": "00:09:48", "text": "look where the"}, {"start": "00:09:45", "end": "00:09:51", "text": "uh simultaneous move happened away from"}, {"start": "00:09:48", "end": "00:09:54", "text": "the 20we just like shortly after it"}, {"start": "00:09:51", "end": "00:09:56", "text": "seems like right after that USD move,"}, {"start": "00:09:54", "end": "00:10:00", "text": "right? So there could be a little bit of"}, {"start": "00:09:56", "end": "00:10:02", "text": "maybe a lag between ETHUSD and ETH BTC,"}, {"start": "00:10:00", "end": "00:10:03", "text": "but we're looking for a simultaneous"}, {"start": "00:10:02", "end": "00:10:09", "text": "break above the 20week moving average on"}, {"start": "00:10:03", "end": "00:10:11", "text": "ETHBTC along with um the U the ETHUSD"}, {"start": "00:10:09", "end": "00:10:13", "text": "chart as well. So if you're just only"}, {"start": "00:10:11", "end": "00:10:15", "text": "looking at the ETHUSD chart, I think it"}, {"start": "00:10:13", "end": "00:10:17", "text": "could be a good idea and useful to look"}, {"start": "00:10:15", "end": "00:10:19", "text": "at the ETH BTC chart as I think that's"}, {"start": "00:10:17", "end": "00:10:23", "text": "kind of my point because even if crypto"}, {"start": "00:10:19", "end": "00:10:25", "text": "starts dipping, right, maybe Bitcoin USD"}, {"start": "00:10:23", "end": "00:10:28", "text": "is dipping, ETHUSD dipping, what is ETH"}, {"start": "00:10:25", "end": "00:10:30", "text": "BTC doing? That's kind of the bigger"}, {"start": "00:10:28", "end": "00:10:33", "text": "question because that could be breaking"}, {"start": "00:10:30", "end": "00:10:36", "text": "out in the middle of a dip. So though"}, {"start": "00:10:33", "end": "00:10:38", "text": "USD prices could be down, it could"}, {"start": "00:10:36", "end": "00:10:40", "text": "actually be a really strong indicator to"}, {"start": "00:10:38", "end": "00:10:42", "text": "keep an eye on. So watch what ETHBTC is"}, {"start": "00:10:40", "end": "00:10:43", "text": "doing. Whether we're in a bull"}, {"start": "00:10:42", "end": "00:10:44", "text": "environment or if we're just falling"}, {"start": "00:10:43", "end": "00:10:47", "text": "this week, I don't know what's going to"}, {"start": "00:10:44", "end": "00:10:48", "text": "happen. There's CPI data, things like"}, {"start": "00:10:47", "end": "00:10:50", "text": "that coming out this week. Kevin Walsh,"}, {"start": "00:10:48", "end": "00:10:52", "text": "I think, will be speaking. So, who"}, {"start": "00:10:50", "end": "00:10:55", "text": "knows? It might be volatile. What is ETH"}, {"start": "00:10:52", "end": "00:10:56", "text": "BTC doing? If you go to the total crypto"}, {"start": "00:10:55", "end": "00:10:59", "text": "market cap chart at the beginning of"}, {"start": "00:10:56", "end": "00:11:02", "text": "video, I said 6% away from a move that"}, {"start": "00:10:59", "end": "00:11:04", "text": "confirms a bull move. And this is why I"}, {"start": "00:11:02", "end": "00:11:07", "text": "said that you can see the 20we and the"}, {"start": "00:11:04", "end": "00:11:10", "text": "and the 200 week on this chart just"}, {"start": "00:11:07", "end": "00:11:12", "text": "colliding and just squeezing together."}, {"start": "00:11:10", "end": "00:11:14", "text": "It's a break above both of those areas."}, {"start": "00:11:12", "end": "00:11:16", "text": "mainly because we're below both of those"}, {"start": "00:11:14", "end": "00:11:18", "text": "areas, right? So, the reason why that's"}, {"start": "00:11:16", "end": "00:11:20", "text": "notable is because last time this"}, {"start": "00:11:18", "end": "00:11:22", "text": "happened was all the way back here. I"}, {"start": "00:11:20", "end": "00:11:24", "text": "mean, you can look at this swing low in"}, {"start": "00:11:22", "end": "00:11:27", "text": "November 2022. You can look at this"}, {"start": "00:11:24", "end": "00:11:31", "text": "swing low uh in nove in September 2023,"}, {"start": "00:11:27", "end": "00:11:34", "text": "but either way, it was the move above"}, {"start": "00:11:31", "end": "00:11:38", "text": "the 200E moving average that kind of"}, {"start": "00:11:34", "end": "00:11:41", "text": "spurred an altcoin bull move, right? And"}, {"start": "00:11:38", "end": "00:11:42", "text": "both times too, one and then two. The"}, {"start": "00:11:41", "end": "00:11:45", "text": "real bull move was here. I mean, this"}, {"start": "00:11:42", "end": "00:11:48", "text": "was this took us into a really strong"}, {"start": "00:11:45", "end": "00:11:50", "text": "altcoin move, a bull move. And it wasn't"}, {"start": "00:11:48", "end": "00:11:51", "text": "the altcoin bull market I think"}, {"start": "00:11:50", "end": "00:11:53", "text": "everybody's waiting for. Much of the"}, {"start": "00:11:51", "end": "00:11:55", "text": "industry, if you remember, got very"}, {"start": "00:11:53", "end": "00:11:58", "text": "faked out through all of it, right? It"}, {"start": "00:11:55", "end": "00:12:00", "text": "was nice to see altcoins, you know,"}, {"start": "00:11:58", "end": "00:12:01", "text": "doing this on this chart, but just"}, {"start": "00:12:00", "end": "00:12:04", "text": "notice we didn't break all-time highs on"}, {"start": "00:12:01", "end": "00:12:07", "text": "this chart. Really, there was no altcoin"}, {"start": "00:12:04", "end": "00:12:09", "text": "uh parabolic bull market. And that's"}, {"start": "00:12:07", "end": "00:12:11", "text": "just because we've not had it yet. This"}, {"start": "00:12:09", "end": "00:12:12", "text": "has been an entire bare market because"}, {"start": "00:12:11", "end": "00:12:14", "text": "of record-breaking quantitative"}, {"start": "00:12:12", "end": "00:12:16", "text": "tightening and just all this contraction"}, {"start": "00:12:14", "end": "00:12:18", "text": "that you see in the business cycle. But"}, {"start": "00:12:16", "end": "00:12:20", "text": "QT is over now and now we have the"}, {"start": "00:12:18", "end": "00:12:23", "text": "beginning of expansion of the business"}, {"start": "00:12:20", "end": "00:12:25", "text": "cycle. So if there's going to be an"}, {"start": "00:12:23", "end": "00:12:28", "text": "altcoin bull market, right now is the"}, {"start": "00:12:25", "end": "00:12:30", "text": "time. QT is over. The contraction, the"}, {"start": "00:12:28", "end": "00:12:32", "text": "multi-year contraction of PMI is over."}, {"start": "00:12:30", "end": "00:12:34", "text": "Business cycle is starting to expand."}, {"start": "00:12:32", "end": "00:12:36", "text": "Now is the moment. Right back here,"}, {"start": "00:12:34", "end": "00:12:38", "text": "there was a nice move obviously on the"}, {"start": "00:12:36", "end": "00:12:40", "text": "charts. like it went up but it wasn't"}, {"start": "00:12:38", "end": "00:12:43", "text": "the bull market everybody wants. This"}, {"start": "00:12:40", "end": "00:12:45", "text": "time we are so in play for the bull"}, {"start": "00:12:43", "end": "00:12:47", "text": "market that everybody wants because of"}, {"start": "00:12:45", "end": "00:12:49", "text": "the macroeconomic environment that we"}, {"start": "00:12:47", "end": "00:12:51", "text": "are now in. So the only difference is"}, {"start": "00:12:49", "end": "00:12:53", "text": "this time we're sitting at around $900"}, {"start": "00:12:51", "end": "00:12:55", "text": "billion market cap as we're trading"}, {"start": "00:12:53", "end": "00:12:58", "text": "below the 200E moving average here."}, {"start": "00:12:55", "end": "00:13:00", "text": "We're not sitting at $437 billion market"}, {"start": "00:12:58", "end": "00:13:02", "text": "cap. So if you want to see all coins"}, {"start": "00:13:00", "end": "00:13:05", "text": "make their bull move, we're getting very"}, {"start": "00:13:02", "end": "00:13:07", "text": "close. And I think a first hint would be"}, {"start": "00:13:05", "end": "00:13:10", "text": "this move to the upside above both the"}, {"start": "00:13:07", "end": "00:13:13", "text": "200 and the 20. You can even just go"}, {"start": "00:13:10", "end": "00:13:15", "text": "back to um all the way back here trading"}, {"start": "00:13:13", "end": "00:13:17", "text": "below those moving averages on this"}, {"start": "00:13:15", "end": "00:13:20", "text": "chart December 2019 postquantitative"}, {"start": "00:13:17", "end": "00:13:22", "text": "tightening dip ending. Boom. The move"}, {"start": "00:13:20", "end": "00:13:24", "text": "above those moving averages. Obviously"}, {"start": "00:13:22", "end": "00:13:26", "text": "again COVID threw a wrench in things"}, {"start": "00:13:24", "end": "00:13:28", "text": "momentarily and then we continued into"}, {"start": "00:13:26", "end": "00:13:30", "text": "the bull market. And you can even"}, {"start": "00:13:28", "end": "00:13:32", "text": "actually and I might have done this in"}, {"start": "00:13:30", "end": "00:13:34", "text": "the last video, but you can even go back"}, {"start": "00:13:32", "end": "00:13:36", "text": "and just look at the 200week moving"}, {"start": "00:13:34", "end": "00:13:38", "text": "average not there, but the consolidation"}, {"start": "00:13:36", "end": "00:13:41", "text": "of altcoin market cap as well as these"}, {"start": "00:13:38", "end": "00:13:42", "text": "moving averages. It's just the escape of"}, {"start": "00:13:41", "end": "00:13:44", "text": "those moving averages to the upside."}, {"start": "00:13:42", "end": "00:13:46", "text": "That's what we're waiting for along with"}, {"start": "00:13:44", "end": "00:13:48", "text": "the simultaneous expansion of the"}, {"start": "00:13:46", "end": "00:13:51", "text": "business cycle that you see here. So"}, {"start": "00:13:48", "end": "00:13:53", "text": "that's the altcoin market cap chart. So"}, {"start": "00:13:51", "end": "00:13:55", "text": "as we start this new week, it could be"}, {"start": "00:13:53", "end": "00:13:58", "text": "volatile. There might be rejection. we"}, {"start": "00:13:55", "end": "00:14:01", "text": "might not get a 6% move uh to these"}, {"start": "00:13:58", "end": "00:14:02", "text": "areas. So, just keep that in mind. A 6%"}, {"start": "00:14:01", "end": "00:14:05", "text": "move doesn't sound like a lot, but this"}, {"start": "00:14:02", "end": "00:14:07", "text": "is the entire uh crypto market cap"}, {"start": "00:14:05", "end": "00:14:09", "text": "excluding Bitcoin. So, we need crypto to"}, {"start": "00:14:07", "end": "00:14:12", "text": "really put in a nice a nice green week"}, {"start": "00:14:09", "end": "00:14:13", "text": "to get a move to that area, but not just"}, {"start": "00:14:12", "end": "00:14:16", "text": "to the area, but above the area. And"}, {"start": "00:14:13", "end": "00:14:18", "text": "then ultimately, um the final boss is"}, {"start": "00:14:16", "end": "00:14:20", "text": "this 50week moving average just above a"}, {"start": "00:14:18", "end": "00:14:22", "text": "trillion dollar market cap. And then we"}, {"start": "00:14:20", "end": "00:14:24", "text": "can really start talking about the macro"}, {"start": "00:14:22", "end": "00:14:25", "text": "reversal. Might be choppy along the way,"}, {"start": "00:14:24", "end": "00:14:27", "text": "right? Maybe we get the break to the"}, {"start": "00:14:25", "end": "00:14:29", "text": "upside, we come back and we're testing"}, {"start": "00:14:27", "end": "00:14:31", "text": "to the downside, right? It's September"}, {"start": "00:14:29", "end": "00:14:33", "text": "and then we're putting in higher low and"}, {"start": "00:14:31", "end": "00:14:36", "text": "then finally we're breaking that that 50"}, {"start": "00:14:33", "end": "00:14:38", "text": "weeks somewhere in there and we're we're"}, {"start": "00:14:36", "end": "00:14:40", "text": "turning the trend around into an altcoin"}, {"start": "00:14:38", "end": "00:14:43", "text": "bull market along with I think what will"}, {"start": "00:14:40", "end": "00:14:45", "text": "be the continuation expansion of the"}, {"start": "00:14:43", "end": "00:14:47", "text": "business cycle. So um patience along the"}, {"start": "00:14:45", "end": "00:14:51", "text": "way everybody but I really think the"}, {"start": "00:14:47", "end": "00:14:53", "text": "ETHBTC chart is a very phenomenal fun"}, {"start": "00:14:51", "end": "00:14:55", "text": "chart to watch right now. clear"}, {"start": "00:14:53", "end": "00:14:56", "text": "resistance as you see. But what'll"}, {"start": "00:14:55", "end": "00:14:58", "text": "happen? I mean, let's check it out."}, {"start": "00:14:56", "end": "00:15:00", "text": "Let's see what happens this week. If you"}, {"start": "00:14:58", "end": "00:15:01", "text": "are out there, if you're not a"}, {"start": "00:15:00", "end": "00:15:02", "text": "subscriber, please subscribe. Turn"}, {"start": "00:15:01", "end": "00:15:04", "text": "notifications on if you enjoyed the"}, {"start": "00:15:02", "end": "00:15:06", "text": "video. I appreciate your support. It"}, {"start": "00:15:04", "end": "00:15:08", "text": "means a lot to me if you smash that like"}, {"start": "00:15:06", "end": "00:15:12", "text": "button. So, I will see you all in the"}, {"start": "00:15:08", "end": "00:15:12", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "This one's going to be good. Last month,"}, {"start": "00:00:01", "end": "00:00:07", "text": "the US Treasury Secretary, he gave a"}, {"start": "00:00:03", "end": "00:00:11", "text": "speech for America's 250th birthday. 250"}, {"start": "00:00:07", "end": "00:00:14", "text": "years. And in the speech, he named"}, {"start": "00:00:11", "end": "00:00:18", "text": "stable coins, tokenization, and digital"}, {"start": "00:00:14", "end": "00:00:21", "text": "assets. And he named these things as"}, {"start": "00:00:18", "end": "00:00:23", "text": "official instruments of American power."}, {"start": "00:00:21", "end": "00:00:25", "text": "But that's not even the big deal. That's"}, {"start": "00:00:23", "end": "00:00:28", "text": "not like even the headline. The headline"}, {"start": "00:00:25", "end": "00:00:30", "text": "is what he said before all of that."}, {"start": "00:00:28", "end": "00:00:32", "text": "Because in the same exact speech, he"}, {"start": "00:00:30", "end": "00:00:35", "text": "basically committed the United States of"}, {"start": "00:00:32", "end": "00:00:37", "text": "America to a multi-year build of the"}, {"start": "00:00:35", "end": "00:00:40", "text": "same economic engine that I've been"}, {"start": "00:00:37", "end": "00:00:43", "text": "telling you about in these crypto videos"}, {"start": "00:00:40", "end": "00:00:44", "text": "all year long. The engine that drives"}, {"start": "00:00:43", "end": "00:00:46", "text": "crypto markets."}, {"start": "00:00:44", "end": "00:00:49", "text": ">> So tonight, I would like to take the"}, {"start": "00:00:46", "end": "00:00:52", "text": "next step and describe our strategy for"}, {"start": "00:00:49", "end": "00:00:54", "text": "economic statecraftraft. By which I mean"}, {"start": "00:00:52", "end": "00:00:57", "text": "the discipline use of America's economic"}, {"start": "00:00:54", "end": "00:01:00", "text": "power in the service of our sovereignty."}, {"start": "00:00:57", "end": "00:01:03", "text": "That is the business cycle, not the"}, {"start": "00:01:00", "end": "00:01:06", "text": "having, not the four-year cycle. And"}, {"start": "00:01:03", "end": "00:01:08", "text": "it's being written into national policy."}, {"start": "00:01:06", "end": "00:01:12", "text": "So, let me show you exactly what he said"}, {"start": "00:01:08", "end": "00:01:14", "text": "and what it means for crypto, altcoins,"}, {"start": "00:01:12", "end": "00:01:17", "text": "Bitcoin, everything. So, it was June"}, {"start": "00:01:14", "end": "00:01:20", "text": "23rd, the Economic Club of New York,"}, {"start": "00:01:17", "end": "00:01:23", "text": "their America 250 Gala dinner. This is"}, {"start": "00:01:20", "end": "00:01:25", "text": "what happened. Treasury Secretary Scott"}, {"start": "00:01:23", "end": "00:01:28", "text": "Bessant, he stood there. He stood up and"}, {"start": "00:01:25", "end": "00:01:30", "text": "he delivered what he called economic"}, {"start": "00:01:28", "end": "00:01:33", "text": "state craft. And here's his definition."}, {"start": "00:01:30", "end": "00:01:36", "text": "The disciplined use of America's"}, {"start": "00:01:33", "end": "00:01:38", "text": "economic power in service of our"}, {"start": "00:01:36", "end": "00:01:42", "text": "sovereignty. Five core principles. This"}, {"start": "00:01:38", "end": "00:01:44", "text": "wasn't like an off-the-cuff random"}, {"start": "00:01:42", "end": "00:01:46", "text": "interview that you might see on Fox News"}, {"start": "00:01:44", "end": "00:01:48", "text": "or CNBC or something. This was the third"}, {"start": "00:01:46", "end": "00:01:51", "text": "speech of a planned series of speeches."}, {"start": "00:01:48", "end": "00:01:53", "text": "He was in Dallas, then the Reagan Forum,"}, {"start": "00:01:51", "end": "00:01:55", "text": "and then New York. So this is one of"}, {"start": "00:01:53", "end": "00:01:57", "text": "those speeches that basically gets cited"}, {"start": "00:01:55", "end": "00:01:59", "text": "for years and it was principle number"}, {"start": "00:01:57", "end": "00:02:01", "text": "three where crypto came into play. He"}, {"start": "00:01:59", "end": "00:02:05", "text": "calls it writing the rules of the next"}, {"start": "00:02:01", "end": "00:02:07", "text": "economy and inside of that principle he"}, {"start": "00:02:05", "end": "00:02:10", "text": "names them directly digital assets"}, {"start": "00:02:07", "end": "00:02:13", "text": "stable coins tokenization. I think for"}, {"start": "00:02:10", "end": "00:02:16", "text": "example the new frontiers and financial"}, {"start": "00:02:13", "end": "00:02:18", "text": "technologies, digital assets, stable"}, {"start": "00:02:16", "end": "00:02:21", "text": "coins, tokenization, and new payment"}, {"start": "00:02:18", "end": "00:02:23", "text": "systems will help to shape the future of"}, {"start": "00:02:21", "end": "00:02:25", "text": "money. The United States should not"}, {"start": "00:02:23", "end": "00:02:28", "text": "consign itself to the sidelines while"}, {"start": "00:02:25", "end": "00:02:30", "text": "that future is built elsewhere."}, {"start": "00:02:28", "end": "00:02:32", "text": ">> And it's his words, these things will"}, {"start": "00:02:30", "end": "00:02:34", "text": "help shape the future of money. And the"}, {"start": "00:02:32", "end": "00:02:37", "text": "United States should not consign itself"}, {"start": "00:02:34", "end": "00:02:39", "text": "to the sidelines while that future is"}, {"start": "00:02:37", "end": "00:02:41", "text": "built elsewhere. So notice the framing"}, {"start": "00:02:39", "end": "00:02:44", "text": "of that. He's not talking about"}, {"start": "00:02:41", "end": "00:02:47", "text": "speculation. He's not warning about"}, {"start": "00:02:44", "end": "00:02:50", "text": "volatility. He's saying that these rails"}, {"start": "00:02:47", "end": "00:02:53", "text": "strengthen the dollar and America."}, {"start": "00:02:50", "end": "00:02:55", "text": "Crypto framed as statecraft. And I know"}, {"start": "00:02:53", "end": "00:02:58", "text": "the current administration has been"}, {"start": "00:02:55", "end": "00:03:00", "text": "doing a lot of talk about crypto ever"}, {"start": "00:02:58", "end": "00:03:04", "text": "since really even before the elections"}, {"start": "00:03:00", "end": "00:03:06", "text": "of 2024. And it's not just talk though."}, {"start": "00:03:04", "end": "00:03:09", "text": "The Genius Act, the federal stable coin"}, {"start": "00:03:06", "end": "00:03:13", "text": "law was signed last July. The statutory"}, {"start": "00:03:09", "end": "00:03:16", "text": "deadlines for regulators to finish the"}, {"start": "00:03:13", "end": "00:03:19", "text": "rules is July 18th. So that's literally"}, {"start": "00:03:16", "end": "00:03:21", "text": "next week. The OC, Fininsen, FDIC, all"}, {"start": "00:03:19", "end": "00:03:24", "text": "of them racing their proposals out of"}, {"start": "00:03:21", "end": "00:03:26", "text": "the door all spring. So the speech that"}, {"start": "00:03:24", "end": "00:03:28", "text": "gave and the rulemaking that is"}, {"start": "00:03:26", "end": "00:03:31", "text": "currently taking place, they're all part"}, {"start": "00:03:28", "end": "00:03:33", "text": "of the same exact story. The United"}, {"start": "00:03:31", "end": "00:03:36", "text": "States is formalizing digital dollars as"}, {"start": "00:03:33", "end": "00:03:38", "text": "regulated financial infrastructure. But"}, {"start": "00:03:36", "end": "00:03:40", "text": "here's the thing, the crypto paragraph,"}, {"start": "00:03:38", "end": "00:03:42", "text": "it's not the most bullish part of the"}, {"start": "00:03:40", "end": "00:03:44", "text": "speech. It's fundamentally awesome. It's"}, {"start": "00:03:42", "end": "00:03:46", "text": "fundamentally something we've talked"}, {"start": "00:03:44", "end": "00:03:48", "text": "about for cycles now for this moment to"}, {"start": "00:03:46", "end": "00:03:50", "text": "come, but it's not the most bullish part"}, {"start": "00:03:48", "end": "00:03:52", "text": "of the speech. Principle one is the most"}, {"start": "00:03:50", "end": "00:03:56", "text": "bullish part of the speech. Principle"}, {"start": "00:03:52", "end": "00:03:57", "text": "one, economic security begins with"}, {"start": "00:03:56", "end": "00:04:00", "text": "national capacity. And here's what"}, {"start": "00:03:57", "end": "00:04:01", "text": "Bessant did. He quoted Alexander"}, {"start": "00:04:00", "end": "00:04:04", "text": "Hamilton who was the first Treasury"}, {"start": "00:04:01", "end": "00:04:07", "text": "Secretary saying, \"Every nation ought to"}, {"start": "00:04:04", "end": "00:04:10", "text": "endeavor to possess within itself all"}, {"start": "00:04:07", "end": "00:04:12", "text": "the essentials of national supply.\" Then"}, {"start": "00:04:10", "end": "00:04:15", "text": "he lists the industries America must"}, {"start": "00:04:12", "end": "00:04:18", "text": "lead, semiconductors, AI, quantum"}, {"start": "00:04:15", "end": "00:04:19", "text": "computing, advanced manufacturing, ship"}, {"start": "00:04:18", "end": "00:04:22", "text": "building, critical minerals,"}, {"start": "00:04:19", "end": "00:04:24", "text": "pharmaceuticals. And he goes further. He"}, {"start": "00:04:22", "end": "00:04:27", "text": "says, \"A nation that cannot produce what"}, {"start": "00:04:24", "end": "00:04:30", "text": "it needs is not truly secure. A nation"}, {"start": "00:04:27", "end": "00:04:32", "text": "that reduces its economics to"}, {"start": "00:04:30", "end": "00:04:35", "text": "consumption is not truly prosperous."}, {"start": "00:04:32", "end": "00:04:37", "text": "Now, every single word of that, the"}, {"start": "00:04:35", "end": "00:04:40", "text": "factories, the fabs, the shipyards, the"}, {"start": "00:04:37", "end": "00:04:42", "text": "reshoring, every word of it is measured"}, {"start": "00:04:40", "end": "00:04:44", "text": "by one index. And you might have guessed"}, {"start": "00:04:42", "end": "00:04:47", "text": "it, it's a purchasing manager index, the"}, {"start": "00:04:44", "end": "00:04:49", "text": "PMI. PMI is a monthly survey of the"}, {"start": "00:04:47", "end": "00:04:52", "text": "actual people who actually run American"}, {"start": "00:04:49", "end": "00:04:55", "text": "manufacturing. New orders, production,"}, {"start": "00:04:52", "end": "00:04:57", "text": "employment, those are its literal"}, {"start": "00:04:55", "end": "00:04:59", "text": "subcomponents. So when the Treasury"}, {"start": "00:04:57", "end": "00:05:02", "text": "Secretary announces a national"}, {"start": "00:04:59", "end": "00:05:06", "text": "multi-year commitment to rebuilding"}, {"start": "00:05:02", "end": "00:05:09", "text": "industrial capacity, he's describing"}, {"start": "00:05:06", "end": "00:05:11", "text": "line by line future PMI strength. He's"}, {"start": "00:05:09", "end": "00:05:14", "text": "describing a productivity boom, an"}, {"start": "00:05:11", "end": "00:05:17", "text": "economic boom. Reassuring is new orders,"}, {"start": "00:05:14", "end": "00:05:20", "text": "factory buildouts, our production,"}, {"start": "00:05:17", "end": "00:05:22", "text": "hiring to run those factories is"}, {"start": "00:05:20", "end": "00:05:25", "text": "employment. And what's awesome is right"}, {"start": "00:05:22", "end": "00:05:27", "text": "now all the money is already moving."}, {"start": "00:05:25", "end": "00:05:29", "text": "Over a trillion dollars in US"}, {"start": "00:05:27", "end": "00:05:31", "text": "manufacturing investment announced in"}, {"start": "00:05:29", "end": "00:05:33", "text": "the first eight months of this"}, {"start": "00:05:31", "end": "00:05:36", "text": "administration on top of the 750 billion"}, {"start": "00:05:33", "end": "00:05:38", "text": "that was announced under the last one."}, {"start": "00:05:36", "end": "00:05:41", "text": "This is the largest industrial buildout"}, {"start": "00:05:38", "end": "00:05:43", "text": "in American history and it's bipartisan"}, {"start": "00:05:41", "end": "00:05:45", "text": "across two administrations. So what's"}, {"start": "00:05:43", "end": "00:05:47", "text": "the point of all this? The point of all"}, {"start": "00:05:45", "end": "00:05:49", "text": "this is I've called the business cycle"}, {"start": "00:05:47", "end": "00:05:52", "text": "the alarm clock for crypto for a very"}, {"start": "00:05:49", "end": "00:05:55", "text": "long time now. And that alarm clock, it"}, {"start": "00:05:52", "end": "00:05:58", "text": "rings when PMI expands, when liquidity"}, {"start": "00:05:55", "end": "00:06:00", "text": "starts flowing and risk assets wake up."}, {"start": "00:05:58", "end": "00:06:03", "text": "Sorry. And crypto always being the last"}, {"start": "00:06:00", "end": "00:06:05", "text": "domino to fall in that entire series of"}, {"start": "00:06:03", "end": "00:06:09", "text": "events. So what this speech tells you is"}, {"start": "00:06:05", "end": "00:06:11", "text": "very simple. Policy itself is now"}, {"start": "00:06:09", "end": "00:06:14", "text": "winding the clock. So therefore, let's"}, {"start": "00:06:11", "end": "00:06:15", "text": "look at where the clock actually stands"}, {"start": "00:06:14", "end": "00:06:18", "text": "because this is not hypothetical. The"}, {"start": "00:06:15", "end": "00:06:21", "text": "data is printing right now. June PMI"}, {"start": "00:06:18", "end": "00:06:24", "text": "printed 53.3. That's the sixth"}, {"start": "00:06:21", "end": "00:06:27", "text": "consecutive month of expansion, meaning"}, {"start": "00:06:24", "end": "00:06:29", "text": "above 50, the longest streak since 2022."}, {"start": "00:06:27", "end": "00:06:31", "text": "Before June, May printed 54, the"}, {"start": "00:06:29", "end": "00:06:33", "text": "strongest reading in 4 years. Now,"}, {"start": "00:06:31", "end": "00:06:36", "text": "here's the thing. Is 53.3 like this"}, {"start": "00:06:33", "end": "00:06:38", "text": "blowout number? No, it's not. It came in"}, {"start": "00:06:36", "end": "00:06:40", "text": "slightly under expectations and"}, {"start": "00:06:38", "end": "00:06:42", "text": "production cooled for May. It's been"}, {"start": "00:06:40", "end": "00:06:43", "text": "kind of sideways since expanding. So,"}, {"start": "00:06:42", "end": "00:06:45", "text": "I'm not going to sit here and oversell"}, {"start": "00:06:43", "end": "00:06:47", "text": "the monthly print that's happening right"}, {"start": "00:06:45", "end": "00:06:50", "text": "now. But the thing to pay attention to"}, {"start": "00:06:47", "end": "00:06:53", "text": "is six straight months above 50 after a"}, {"start": "00:06:50", "end": "00:06:56", "text": "long stretch, a multi-year stretch,"}, {"start": "00:06:53", "end": "00:06:59", "text": "stuck below it. That is the indicator."}, {"start": "00:06:56", "end": "00:07:01", "text": "Now overlay the thing I always overlay."}, {"start": "00:06:59", "end": "00:07:04", "text": "Total crypto market cap against PMI or"}, {"start": "00:07:01", "end": "00:07:06", "text": "altcoin dominance against PMI. Walk"}, {"start": "00:07:04", "end": "00:07:09", "text": "through this with me. PMI bottoms, turns"}, {"start": "00:07:06", "end": "00:07:10", "text": "up through 50 and crypto's major"}, {"start": "00:07:09", "end": "00:07:13", "text": "expansion follows. Maybe not"}, {"start": "00:07:10", "end": "00:07:15", "text": "immediately, but we are entering that"}, {"start": "00:07:13", "end": "00:07:18", "text": "new era of the cycle after years of"}, {"start": "00:07:15", "end": "00:07:21", "text": "contraction. The pattern is not perfect."}, {"start": "00:07:18", "end": "00:07:22", "text": "No macro relationship is, but it has"}, {"start": "00:07:21", "end": "00:07:25", "text": "been the single most consistent"}, {"start": "00:07:22", "end": "00:07:27", "text": "framework that I found in all of my"}, {"start": "00:07:25", "end": "00:07:28", "text": "years of crypto and all of my years of"}, {"start": "00:07:27", "end": "00:07:30", "text": "doing this. In my opinion, it is way"}, {"start": "00:07:28", "end": "00:07:33", "text": "more explanatory than the having"}, {"start": "00:07:30", "end": "00:07:35", "text": "narrative through all of these cycles."}, {"start": "00:07:33", "end": "00:07:38", "text": "And I think even right now, it's more"}, {"start": "00:07:35", "end": "00:07:39", "text": "consistent and even beating that entire"}, {"start": "00:07:38", "end": "00:07:41", "text": "narrative. And one of the most"}, {"start": "00:07:39", "end": "00:07:43", "text": "compelling things is where our CCVI risk"}, {"start": "00:07:41", "end": "00:07:45", "text": "models sit right now for Bitcoin, for"}, {"start": "00:07:43", "end": "00:07:48", "text": "total crypto market cap chart, for"}, {"start": "00:07:45", "end": "00:07:50", "text": "altcoin risk. They are right at the"}, {"start": "00:07:48", "end": "00:07:53", "text": "lowest levels through all of these"}, {"start": "00:07:50", "end": "00:07:54", "text": "cycles as the PMI is expanding. Now, I"}, {"start": "00:07:53", "end": "00:07:56", "text": "do want to speak to the four-year having"}, {"start": "00:07:54", "end": "00:07:58", "text": "cycle, and I want to be fair. I know the"}, {"start": "00:07:56", "end": "00:08:00", "text": "having is real. I know it cuts the new"}, {"start": "00:07:58", "end": "00:08:02", "text": "Bitcoin supply in half on a fixed"}, {"start": "00:08:00", "end": "00:08:04", "text": "schedule. I realize that, and I realize"}, {"start": "00:08:02", "end": "00:08:06", "text": "that supply mechanics, they do matter on"}, {"start": "00:08:04", "end": "00:08:08", "text": "the macro, but that's exactly the point."}, {"start": "00:08:06", "end": "00:08:11", "text": "It's a fixed schedule. It can't respond"}, {"start": "00:08:08", "end": "00:08:13", "text": "to anything else. Anything else. All the"}, {"start": "00:08:11", "end": "00:08:15", "text": "other things that are going on, it can't"}, {"start": "00:08:13", "end": "00:08:17", "text": "respond to. It doesn't know when a"}, {"start": "00:08:15", "end": "00:08:19", "text": "Treasury Secretary is giving a speech"}, {"start": "00:08:17", "end": "00:08:22", "text": "about economic policy for America's"}, {"start": "00:08:19", "end": "00:08:24", "text": "250th birthday. It doesn't know a"}, {"start": "00:08:22", "end": "00:08:26", "text": "trillion dollars of factory investment"}, {"start": "00:08:24", "end": "00:08:29", "text": "is breaking ground. It can't see the"}, {"start": "00:08:26", "end": "00:08:31", "text": "Genius Act deadline that's happening"}, {"start": "00:08:29", "end": "00:08:33", "text": "next week. It can't see the Clarity Act"}, {"start": "00:08:31", "end": "00:08:35", "text": "that is in play right now. It can't see"}, {"start": "00:08:33", "end": "00:08:37", "text": "the contraction and the expansion of"}, {"start": "00:08:35", "end": "00:08:40", "text": "these business cycles through all these"}, {"start": "00:08:37", "end": "00:08:42", "text": "cycles. It doesn't see any of that. But"}, {"start": "00:08:40", "end": "00:08:43", "text": "the business cycle does see that. And"}, {"start": "00:08:42", "end": "00:08:45", "text": "the business cycle responds to these"}, {"start": "00:08:43", "end": "00:08:47", "text": "things. That's why I've been saying that"}, {"start": "00:08:45", "end": "00:08:50", "text": "the business cycle is the transmission"}, {"start": "00:08:47", "end": "00:08:53", "text": "mechanism between government action and"}, {"start": "00:08:50", "end": "00:08:55", "text": "asset prices. Even the riskiest ones,"}, {"start": "00:08:53", "end": "00:08:58", "text": "even the riskiest altcoins. Policy"}, {"start": "00:08:55", "end": "00:09:02", "text": "drives capacity and capacity drives PMI"}, {"start": "00:08:58", "end": "00:09:04", "text": "and PMI drives liquidity conditions and"}, {"start": "00:09:02", "end": "00:09:07", "text": "risk appetite across the board. And"}, {"start": "00:09:04", "end": "00:09:09", "text": "crypto, the highest beta risk asset on"}, {"start": "00:09:07", "end": "00:09:12", "text": "the board, rides that wave harder than"}, {"start": "00:09:09", "end": "00:09:13", "text": "any other thing. So now, let's close the"}, {"start": "00:09:12", "end": "00:09:16", "text": "loop from the beginning of the video."}, {"start": "00:09:13", "end": "00:09:20", "text": "The Treasury Secretary put both halves"}, {"start": "00:09:16", "end": "00:09:22", "text": "of my thesis into an official speech,"}, {"start": "00:09:20", "end": "00:09:25", "text": "into an official plan. Rebuild the"}, {"start": "00:09:22", "end": "00:09:27", "text": "industrial engine, the thing that PMI"}, {"start": "00:09:25", "end": "00:09:30", "text": "measures. And principle three, formalize"}, {"start": "00:09:27", "end": "00:09:32", "text": "digital assets as instruments of the"}, {"start": "00:09:30", "end": "00:09:35", "text": "dollar, the asset class itself, the"}, {"start": "00:09:32", "end": "00:09:38", "text": "engine that runs everything and the"}, {"start": "00:09:35", "end": "00:09:40", "text": "actual assets. In the same exact speech"}, {"start": "00:09:38", "end": "00:09:42", "text": "by the current Treasury Secretary, a"}, {"start": "00:09:40", "end": "00:09:45", "text": "four-year cycle schedule cannot explain"}, {"start": "00:09:42", "end": "00:09:48", "text": "that. It knows nothing of it, but the"}, {"start": "00:09:45", "end": "00:09:50", "text": "business cycle explains all of it. So"}, {"start": "00:09:48", "end": "00:09:53", "text": "policy really is winding this entire"}, {"start": "00:09:50", "end": "00:09:55", "text": "clock and the cycle is going to tell us"}, {"start": "00:09:53", "end": "00:09:57", "text": "when it finally reacts to it. And I"}, {"start": "00:09:55", "end": "00:09:59", "text": "genuinely just think that the data to"}, {"start": "00:09:57", "end": "00:10:01", "text": "watch is the same data it's always been"}, {"start": "00:09:59", "end": "00:10:03", "text": "and it's been PMI. It's been business"}, {"start": "00:10:01", "end": "00:10:05", "text": "cycle expansion. It's been the"}, {"start": "00:10:03", "end": "00:10:07", "text": "productivity boom that is happening"}, {"start": "00:10:05", "end": "00:10:09", "text": "right now and getting ready to happen"}, {"start": "00:10:07", "end": "00:10:12", "text": "even more. That's really not any type of"}, {"start": "00:10:09", "end": "00:10:14", "text": "hype. It's not a countdown to October"}, {"start": "00:10:12", "end": "00:10:16", "text": "5th. It's a business cycle that the"}, {"start": "00:10:14", "end": "00:10:18", "text": "United States of America and the United"}, {"start": "00:10:16", "end": "00:10:21", "text": "States government just committed itself"}, {"start": "00:10:18", "end": "00:10:23", "text": "to extending. So I really felt it was"}, {"start": "00:10:21", "end": "00:10:25", "text": "relevant to talk about what Bessant"}, {"start": "00:10:23", "end": "00:10:27", "text": "talked about in that speech. He's"}, {"start": "00:10:25", "end": "00:10:30", "text": "literally the Treasury Secretary and we"}, {"start": "00:10:27", "end": "00:10:32", "text": "are at this massive inflection point for"}, {"start": "00:10:30", "end": "00:10:34", "text": "crypto. And I really do think that"}, {"start": "00:10:32", "end": "00:10:37", "text": "everything that is going on within the"}, {"start": "00:10:34", "end": "00:10:39", "text": "administration, within policy, within"}, {"start": "00:10:37", "end": "00:10:42", "text": "the business cycle has so much to do"}, {"start": "00:10:39", "end": "00:10:43", "text": "with the investment thesis that I"}, {"start": "00:10:42", "end": "00:10:45", "text": "personally have for crypto. So, I wanted"}, {"start": "00:10:43", "end": "00:10:46", "text": "to share it with you. I hope you got"}, {"start": "00:10:45", "end": "00:10:49", "text": "some value. If you did, please hit the"}, {"start": "00:10:46", "end": "00:10:50", "text": "subscribe and like on the way out. And"}, {"start": "00:10:49", "end": "00:10:51", "text": "if you're not in our intelligence"}, {"start": "00:10:50", "end": "00:10:52", "text": "system, please click the link below if"}, {"start": "00:10:51", "end": "00:10:54", "text": "you want to try it out. We have a free"}, {"start": "00:10:52", "end": "00:10:56", "text": "trial going on. Get inside our risk"}, {"start": "00:10:54", "end": "00:10:58", "text": "models and start planning on the macro."}, {"start": "00:10:56", "end": "00:11:00", "text": "I'll see you in the next video. God"}, {"start": "00:10:58", "end": "00:11:00", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Bitcoin is running up against its first"}, {"start": "00:00:01", "end": "00:00:06", "text": "exit of the bare market test, its first"}, {"start": "00:00:03", "end": "00:00:08", "text": "entry of the bull market test, and it's"}, {"start": "00:00:06", "end": "00:00:10", "text": "taken over 3 years to get here."}, {"start": "00:00:08", "end": "00:00:13", "text": "Altcoins, a storm is brewing on the"}, {"start": "00:00:10", "end": "00:00:15", "text": "monthly as we have a signal there that"}, {"start": "00:00:13", "end": "00:00:20", "text": "has taken over three years. The month of"}, {"start": "00:00:15", "end": "00:00:20", "text": "July will define it all for altcoins."}, {"start": "00:00:22", "end": "00:00:25", "text": "What's up everyone? Welcome to Crypto"}, {"start": "00:00:23", "end": "00:00:26", "text": "Capital Venture. Hit the subscribe and"}, {"start": "00:00:25", "end": "00:00:28", "text": "like on the way in for the very best"}, {"start": "00:00:26", "end": "00:00:30", "text": "crypto news and analysis. Here's the"}, {"start": "00:00:28", "end": "00:00:33", "text": "move on the weekly chart. I'm going to"}, {"start": "00:00:30", "end": "00:00:35", "text": "explain and break down why it's taken"}, {"start": "00:00:33", "end": "00:00:36", "text": "over three years for this exact move on"}, {"start": "00:00:35", "end": "00:00:39", "text": "the weekly and why it's so important."}, {"start": "00:00:36", "end": "00:00:41", "text": "Also, kind of confirmation areas even on"}, {"start": "00:00:39", "end": "00:00:43", "text": "the short term. We're going to take a"}, {"start": "00:00:41", "end": "00:00:45", "text": "glance at the daily and then altcoins on"}, {"start": "00:00:43", "end": "00:00:46", "text": "the monthly chart. This move that is"}, {"start": "00:00:45", "end": "00:00:49", "text": "happening right now, the month of July"}, {"start": "00:00:46", "end": "00:00:50", "text": "is is really important for altcoins. I"}, {"start": "00:00:49", "end": "00:00:52", "text": "know there's so many important"}, {"start": "00:00:50", "end": "00:00:54", "text": "indicators all the time, but there's a"}, {"start": "00:00:52", "end": "00:00:57", "text": "very real reason that I'm going to"}, {"start": "00:00:54", "end": "00:00:59", "text": "identify with you on this chart that"}, {"start": "00:00:57", "end": "00:01:02", "text": "could really signal the end of this"}, {"start": "00:00:59", "end": "00:01:04", "text": "multi-year bare move for altcoins."}, {"start": "00:01:02", "end": "00:01:06", "text": "Before we jump into the analysis, I want"}, {"start": "00:01:04", "end": "00:01:08", "text": "to go over this this chart. This has"}, {"start": "00:01:06", "end": "00:01:10", "text": "just been going crazy trending"}, {"start": "00:01:08", "end": "00:01:13", "text": "everywhere on X. It is a four-year cycle"}, {"start": "00:01:10", "end": "00:01:15", "text": "chart. That's what it is. It is the"}, {"start": "00:01:13", "end": "00:01:17", "text": "repetition of these cycles. I saw this"}, {"start": "00:01:15", "end": "00:01:19", "text": "post though. Put aside the debate about"}, {"start": "00:01:17", "end": "00:01:21", "text": "business cycle versus four-year cycle."}, {"start": "00:01:19", "end": "00:01:24", "text": "Put put that aside for a second. This"}, {"start": "00:01:21", "end": "00:01:26", "text": "post from Simon, I don't generally agree"}, {"start": "00:01:24", "end": "00:01:28", "text": "with the take that crypto will just keep"}, {"start": "00:01:26", "end": "00:01:31", "text": "moving in in uh four-year cycles"}, {"start": "00:01:28", "end": "00:01:35", "text": "forever. And I agree with that. But what"}, {"start": "00:01:31", "end": "00:01:38", "text": "I do agree with, in hindsight, 2026 and"}, {"start": "00:01:35", "end": "00:01:41", "text": "2027 will likely go down as some of the"}, {"start": "00:01:38", "end": "00:01:43", "text": "greatest vintage years crypto investors"}, {"start": "00:01:41", "end": "00:01:46", "text": "ever had. In case you can't read that"}, {"start": "00:01:43", "end": "00:01:48", "text": "chart correctly, the opportunity is not"}, {"start": "00:01:46", "end": "00:01:50", "text": "in a few months from now, it's right"}, {"start": "00:01:48", "end": "00:01:52", "text": "now."}, {"start": "00:01:50", "end": "00:01:54", "text": "Boom."}, {"start": "00:01:52", "end": "00:01:56", "text": "It, you know, I present my business"}, {"start": "00:01:54", "end": "00:01:58", "text": "cycle data. I present, you know, where I"}, {"start": "00:01:56", "end": "00:02:00", "text": "think we are in the cycle as it relates"}, {"start": "00:01:58", "end": "00:02:03", "text": "to the PMI chart. I do this overlay. I"}, {"start": "00:02:00", "end": "00:02:06", "text": "do all this stuff. We talk about we talk"}, {"start": "00:02:03", "end": "00:02:08", "text": "about the four-year cycle. But what I"}, {"start": "00:02:06", "end": "00:02:09", "text": "have been trying to kind of bring home a"}, {"start": "00:02:08", "end": "00:02:12", "text": "little bit more lately is it doesn't"}, {"start": "00:02:09", "end": "00:02:15", "text": "matter. It does not matter if if the"}, {"start": "00:02:12", "end": "00:02:18", "text": "bottom is in now. If it's in October,"}, {"start": "00:02:15", "end": "00:02:20", "text": "November, December, it just does not"}, {"start": "00:02:18", "end": "00:02:23", "text": "matter. The opportunity is not in a few"}, {"start": "00:02:20", "end": "00:02:25", "text": "years from now. It's right now. We are I"}, {"start": "00:02:23", "end": "00:02:28", "text": "mean we are really zoomed in. If all"}, {"start": "00:02:25", "end": "00:02:30", "text": "we're doing is we're talking about on"}, {"start": "00:02:28", "end": "00:02:34", "text": "something like a Bitcoin chart like is"}, {"start": "00:02:30", "end": "00:02:37", "text": "the bottom here like was it here in"}, {"start": "00:02:34", "end": "00:02:41", "text": "June? Is it here in September at the"}, {"start": "00:02:37", "end": "00:02:44", "text": "lower 50s? If you zoom out and you look"}, {"start": "00:02:41", "end": "00:02:46", "text": "at what is all over here, it just"}, {"start": "00:02:44", "end": "00:02:48", "text": "doesn't matter. And so I wanted to start"}, {"start": "00:02:46", "end": "00:02:50", "text": "the analysis with that because that's so"}, {"start": "00:02:48", "end": "00:02:52", "text": "important for me. I'm a macro investor."}, {"start": "00:02:50", "end": "00:02:54", "text": "I'm not a trader. I I've never been a"}, {"start": "00:02:52", "end": "00:02:57", "text": "trader on this channel. I don't sit here"}, {"start": "00:02:54", "end": "00:02:59", "text": "and like trading hourly candles with"}, {"start": "00:02:57", "end": "00:03:02", "text": "you, right? That's not what I do. I'm a"}, {"start": "00:02:59", "end": "00:03:05", "text": "macro value investor. So with this draw"}, {"start": "00:03:02", "end": "00:03:08", "text": "down in in Bitcoin and and not only the"}, {"start": "00:03:05", "end": "00:03:11", "text": "draw down in altcoins but more so the"}, {"start": "00:03:08", "end": "00:03:15", "text": "sideways of altcoins this accumulation"}, {"start": "00:03:11", "end": "00:03:17", "text": "phase that has lasted like five years."}, {"start": "00:03:15", "end": "00:03:20", "text": "This is such an opportunity and what"}, {"start": "00:03:17", "end": "00:03:23", "text": "makes it such a big opportunity"}, {"start": "00:03:20", "end": "00:03:25", "text": "is where we are right now from a macro"}, {"start": "00:03:23", "end": "00:03:27", "text": "perspective and that's whether you agree"}, {"start": "00:03:25", "end": "00:03:30", "text": "with the four-year cycle or the business"}, {"start": "00:03:27", "end": "00:03:34", "text": "cycle. Either one. Choose one. either"}, {"start": "00:03:30", "end": "00:03:36", "text": "one is hello, it's opportunity. So I I"}, {"start": "00:03:34", "end": "00:03:37", "text": "needed to start with that. And the other"}, {"start": "00:03:36", "end": "00:03:39", "text": "thing that agrees with this, the"}, {"start": "00:03:37", "end": "00:03:41", "text": "opportunity is not in a few years from"}, {"start": "00:03:39", "end": "00:03:43", "text": "now, it's right now, is our risk models."}, {"start": "00:03:41", "end": "00:03:46", "text": "Here's our Bitcoin risk model at this"}, {"start": "00:03:43", "end": "00:03:48", "text": "risk score of 20. 100% of the time after"}, {"start": "00:03:46", "end": "00:03:51", "text": "one year price was higher. Altcoin"}, {"start": "00:03:48", "end": "00:03:53", "text": "market cap risk model 100% of the time"}, {"start": "00:03:51", "end": "00:03:56", "text": "after one year price was higher. We're"}, {"start": "00:03:53", "end": "00:03:59", "text": "at a 10 on the altcoin risk model. You"}, {"start": "00:03:56", "end": "00:04:01", "text": "can go to um the global crypto market"}, {"start": "00:03:59", "end": "00:04:02", "text": "cap. This is everything. 100% of the"}, {"start": "00:04:01", "end": "00:04:04", "text": "time after 3 months price was higher."}, {"start": "00:04:02", "end": "00:04:07", "text": "100% of the time after one year price"}, {"start": "00:04:04", "end": "00:04:09", "text": "was higher. And we have all these risk"}, {"start": "00:04:07", "end": "00:04:11", "text": "models back here that that kind of break"}, {"start": "00:04:09", "end": "00:04:13", "text": "down the opportunity from a risk"}, {"start": "00:04:11", "end": "00:04:18", "text": "appetite perspective. From a risk score"}, {"start": "00:04:13", "end": "00:04:20", "text": "perspective and it is just in agreement"}, {"start": "00:04:18", "end": "00:04:23", "text": "that opportunity is now. That's not a"}, {"start": "00:04:20", "end": "00:04:24", "text": "guarantee. It's not a 100% certain"}, {"start": "00:04:23", "end": "00:04:26", "text": "thing. This is not predictive. That's"}, {"start": "00:04:24", "end": "00:04:28", "text": "not what this is. But this is saying"}, {"start": "00:04:26", "end": "00:04:31", "text": "every time we've been at this risk score"}, {"start": "00:04:28", "end": "00:04:34", "text": "going back to 2013,"}, {"start": "00:04:31", "end": "00:04:36", "text": "price was higher 100% of time after"}, {"start": "00:04:34", "end": "00:04:38", "text": "year. So what does that mean? If you can"}, {"start": "00:04:36", "end": "00:04:40", "text": "if you can be a long-term investor for"}, {"start": "00:04:38", "end": "00:04:42", "text": "at least a year, I mean that's some"}, {"start": "00:04:40", "end": "00:04:45", "text": "those are some good odds. That's some"}, {"start": "00:04:42", "end": "00:04:47", "text": "really good data. So let's go do some uh"}, {"start": "00:04:45", "end": "00:04:48", "text": "analysis on Bitcoin and then I want to"}, {"start": "00:04:47", "end": "00:04:50", "text": "look at this altcoin chart because"}, {"start": "00:04:48", "end": "00:04:52", "text": "what's happening on the altcoin chart,"}, {"start": "00:04:50", "end": "00:04:54", "text": "it's it's lining up for the next 20 days"}, {"start": "00:04:52", "end": "00:04:55", "text": "or so to be very exciting on this"}, {"start": "00:04:54", "end": "00:04:58", "text": "monthly. I'm going to show you why"}, {"start": "00:04:55", "end": "00:04:59", "text": "there's a really strong indicator, not"}, {"start": "00:04:58", "end": "00:05:01", "text": "to mention what's happening with the"}, {"start": "00:04:59", "end": "00:05:03", "text": "monthly candles below the 50-month"}, {"start": "00:05:01", "end": "00:05:04", "text": "moving average, but a really strong"}, {"start": "00:05:03", "end": "00:05:06", "text": "indicator I want to take a look at with"}, {"start": "00:05:04", "end": "00:05:08", "text": "you. So, here's Bitcoin on the weekly."}, {"start": "00:05:06", "end": "00:05:11", "text": "So, the thing that has taken three years"}, {"start": "00:05:08", "end": "00:05:13", "text": "is this. It's this move, this breakout"}, {"start": "00:05:11", "end": "00:05:15", "text": "right here of this trend line. Okay? And"}, {"start": "00:05:13", "end": "00:05:17", "text": "the the reason why it's three years is"}, {"start": "00:05:15", "end": "00:05:20", "text": "if we look back to here, this was"}, {"start": "00:05:17", "end": "00:05:23", "text": "January 2023."}, {"start": "00:05:20", "end": "00:05:26", "text": "That was Bitcoin exiting the bottom."}, {"start": "00:05:23", "end": "00:05:29", "text": "Now, quick glance. You might be like,"}, {"start": "00:05:26", "end": "00:05:33", "text": "\"Well, I mean, we broke this trend line"}, {"start": "00:05:29", "end": "00:05:36", "text": "right here in April, right? Couple"}, {"start": "00:05:33", "end": "00:05:39", "text": "things. The main thing worth noting is"}, {"start": "00:05:36", "end": "00:05:42", "text": "well that move when we broke this move,"}, {"start": "00:05:39", "end": "00:05:45", "text": "we did not have this bullish divergence"}, {"start": "00:05:42", "end": "00:05:48", "text": "on this chart that we had that preceded"}, {"start": "00:05:45", "end": "00:05:51", "text": "the breakout in 2023, right? We didn't"}, {"start": "00:05:48", "end": "00:05:54", "text": "have that bullish divergence. So that is"}, {"start": "00:05:51", "end": "00:05:57", "text": "that is a huge uh thing I think when"}, {"start": "00:05:54", "end": "00:05:59", "text": "trying to anal an analyze these moves."}, {"start": "00:05:57", "end": "00:06:02", "text": "So we have the higher low on the RSI"}, {"start": "00:05:59", "end": "00:06:05", "text": "there. We have the higher low on the RSI"}, {"start": "00:06:02", "end": "00:06:07", "text": "there. So the other thing that you might"}, {"start": "00:06:05", "end": "00:06:10", "text": "notice is all right well if you look at"}, {"start": "00:06:07", "end": "00:06:12", "text": "this chart right you can see trying to"}, {"start": "00:06:10", "end": "00:06:15", "text": "clean it up a little bit but you can see"}, {"start": "00:06:12", "end": "00:06:18", "text": "Bitcoin is below the 200E moving average"}, {"start": "00:06:15", "end": "00:06:23", "text": "but the 20we and the 50we are above 200"}, {"start": "00:06:18", "end": "00:06:24", "text": "week. And if you look at the 2023 lows,"}, {"start": "00:06:23", "end": "00:06:27", "text": "it's like, man, it got really bad. The"}, {"start": "00:06:24", "end": "00:06:28", "text": "20 fell below the 200, the 50. Like,"}, {"start": "00:06:27", "end": "00:06:30", "text": "that hasn't happened yet, man. We're"}, {"start": "00:06:28", "end": "00:06:33", "text": "going to go lower for that to happen."}, {"start": "00:06:30", "end": "00:06:36", "text": "Couple things in regards to that. Number"}, {"start": "00:06:33", "end": "00:06:39", "text": "one, you can go back to 2018 and just"}, {"start": "00:06:36", "end": "00:06:41", "text": "notice the 20 did not fall below the"}, {"start": "00:06:39", "end": "00:06:43", "text": "200, right? That was the bottom. The 200"}, {"start": "00:06:41", "end": "00:06:45", "text": "was the bottom. The 20 didn't fall below"}, {"start": "00:06:43", "end": "00:06:47", "text": "the 200. The 50 didn't fall fall below"}, {"start": "00:06:45", "end": "00:06:49", "text": "the 200. Now the other thing is if we"}, {"start": "00:06:47", "end": "00:06:50", "text": "look at this move back here this is what"}, {"start": "00:06:49", "end": "00:06:54", "text": "I want to show you in terms of"}, {"start": "00:06:50", "end": "00:06:56", "text": "confirmation breaking this trend line."}, {"start": "00:06:54", "end": "00:06:59", "text": "So breaking the 20we breaking the trend"}, {"start": "00:06:56", "end": "00:07:01", "text": "line and heading towards the 50 right"}, {"start": "00:06:59", "end": "00:07:03", "text": "that's what we're looking for. So this"}, {"start": "00:07:01", "end": "00:07:06", "text": "is what happened last cycle or 2023 as"}, {"start": "00:07:03", "end": "00:07:08", "text": "well breaks the 20 breaks the trend line"}, {"start": "00:07:06", "end": "00:07:10", "text": "heads to the 50 got some resistance and"}, {"start": "00:07:08", "end": "00:07:12", "text": "we break the 50. Here's where we are"}, {"start": "00:07:10", "end": "00:07:15", "text": "right now everybody. We are just above"}, {"start": "00:07:12", "end": "00:07:17", "text": "the the 200"}, {"start": "00:07:15", "end": "00:07:19", "text": "meaningfully so at a very confluent area"}, {"start": "00:07:17", "end": "00:07:21", "text": "breaking the trend line. There's the"}, {"start": "00:07:19", "end": "00:07:24", "text": "20week moving average. The first barrier"}, {"start": "00:07:21", "end": "00:07:27", "text": "to entry of this macro reversal for"}, {"start": "00:07:24", "end": "00:07:29", "text": "Bitcoin is around $70,000. And then the"}, {"start": "00:07:27", "end": "00:07:32", "text": "50 50week moving average. I don't know"}, {"start": "00:07:29", "end": "00:07:34", "text": "where uh Bitcoin will find itself"}, {"start": "00:07:32", "end": "00:07:36", "text": "testing that. Obviously, it's not going"}, {"start": "00:07:34", "end": "00:07:37", "text": "to be up here at 87,000. It could be"}, {"start": "00:07:36", "end": "00:07:40", "text": "pulled down. It could be in the lower"}, {"start": "00:07:37", "end": "00:07:44", "text": "80s, upper 70s. I don't know. But that"}, {"start": "00:07:40", "end": "00:07:46", "text": "would be the next macro test for the"}, {"start": "00:07:44", "end": "00:07:48", "text": "entry to cry uh Bitcoin's bull market at"}, {"start": "00:07:46", "end": "00:07:51", "text": "that moment. Now, the other thing when"}, {"start": "00:07:48", "end": "00:07:54", "text": "we're thinking about well,"}, {"start": "00:07:51", "end": "00:07:56", "text": "you know, it hasn't gotten as bad as it"}, {"start": "00:07:54", "end": "00:07:58", "text": "as it got here because that 20 didn't"}, {"start": "00:07:56", "end": "00:08:01", "text": "fall below the 200 and all that. It has"}, {"start": "00:07:58", "end": "00:08:03", "text": "gotten as bad, if not worse. We have"}, {"start": "00:08:01", "end": "00:08:06", "text": "worse sentiment. We have insanely"}, {"start": "00:08:03", "end": "00:08:08", "text": "oversold indicators. We have crazy uh"}, {"start": "00:08:06", "end": "00:08:11", "text": "bullish onchain metrics that are"}, {"start": "00:08:08", "end": "00:08:13", "text": "signaling that we are at the bottom and"}, {"start": "00:08:11", "end": "00:08:15", "text": "and we have this we have our risk"}, {"start": "00:08:13", "end": "00:08:17", "text": "models. If you look at global crypto"}, {"start": "00:08:15", "end": "00:08:19", "text": "market cap chart, right? And we go back"}, {"start": "00:08:17", "end": "00:08:23", "text": "to 200"}, {"start": "00:08:19", "end": "00:08:25", "text": "23 look at the risk score in the single"}, {"start": "00:08:23", "end": "00:08:28", "text": "digits, right? Where are we right now?"}, {"start": "00:08:25", "end": "00:08:31", "text": "Single digits. We're at nine. So you can"}, {"start": "00:08:28", "end": "00:08:34", "text": "go back to this bottom here in 2022 and"}, {"start": "00:08:31", "end": "00:08:37", "text": "you can see similar risk scores. it's"}, {"start": "00:08:34", "end": "00:08:39", "text": "gotten that bad. Okay. Uh and this, by"}, {"start": "00:08:37", "end": "00:08:41", "text": "the way, this chart is the global crypto"}, {"start": "00:08:39", "end": "00:08:44", "text": "market cap long-term risk chart. Um you"}, {"start": "00:08:41", "end": "00:08:48", "text": "can go to something like the long-term"}, {"start": "00:08:44", "end": "00:08:51", "text": "holder MVRV score, uh which is right now"}, {"start": "00:08:48", "end": "00:08:53", "text": "our our model is sitting at a 17, which"}, {"start": "00:08:51", "end": "00:08:56", "text": "is like a bottom. And you can just see"}, {"start": "00:08:53", "end": "00:08:57", "text": "this long-term holders. Uh this is what"}, {"start": "00:08:56", "end": "00:08:59", "text": "this shows. This shows Bitcoin uh"}, {"start": "00:08:57", "end": "00:09:02", "text": "veteran Bitcoin holders sitting at"}, {"start": "00:08:59", "end": "00:09:03", "text": "profits or losses. So long-term holders,"}, {"start": "00:09:02", "end": "00:09:05", "text": "when they have big gains, they start"}, {"start": "00:09:03", "end": "00:09:07", "text": "selling. That's a signal to exit. You"}, {"start": "00:09:05", "end": "00:09:10", "text": "can see what it looks like on this heat"}, {"start": "00:09:07", "end": "00:09:12", "text": "map. When they're in the red, buy more."}, {"start": "00:09:10", "end": "00:09:13", "text": "That's your signal to accumulate. And"}, {"start": "00:09:12", "end": "00:09:16", "text": "just look at how this chart looks right"}, {"start": "00:09:13", "end": "00:09:19", "text": "now. We are in this bottoming phase that"}, {"start": "00:09:16", "end": "00:09:21", "text": "we've been in in every single bare"}, {"start": "00:09:19", "end": "00:09:24", "text": "market bottoming phase. One thing I do"}, {"start": "00:09:21", "end": "00:09:25", "text": "want to make a note of is when I was"}, {"start": "00:09:24", "end": "00:09:30", "text": "just looking at these scores, I did"}, {"start": "00:09:25", "end": "00:09:32", "text": "notice we've not seen uh the LTH MVRV"}, {"start": "00:09:30", "end": "00:09:34", "text": "score fall below one. I've not seen it"}, {"start": "00:09:32", "end": "00:09:36", "text": "fall below one yet. And that is"}, {"start": "00:09:34", "end": "00:09:38", "text": "something that has happened uh in these"}, {"start": "00:09:36", "end": "00:09:41", "text": "previous bottoms. If you kind of go back"}, {"start": "00:09:38", "end": "00:09:43", "text": "and you look at these um these charts,"}, {"start": "00:09:41", "end": "00:09:45", "text": "it has happened in previous bottoms. So"}, {"start": "00:09:43", "end": "00:09:47", "text": "that's interesting. That could be one"}, {"start": "00:09:45", "end": "00:09:48", "text": "little signal, a bearish signal for for"}, {"start": "00:09:47", "end": "00:09:51", "text": "people to hold on to if you think we're"}, {"start": "00:09:48", "end": "00:09:52", "text": "going to be going lower. into October or"}, {"start": "00:09:51", "end": "00:09:54", "text": "something. That could be one thing that"}, {"start": "00:09:52", "end": "00:09:56", "text": "plays into it. Maybe that needs to fall"}, {"start": "00:09:54", "end": "00:09:59", "text": "below one. I don't know. But you can see"}, {"start": "00:09:56", "end": "00:10:01", "text": "the similarities in terms of uh the"}, {"start": "00:09:59", "end": "00:10:03", "text": "bottoming out formations and we are"}, {"start": "00:10:01", "end": "00:10:05", "text": "there right now. And it comes back to"}, {"start": "00:10:03", "end": "00:10:08", "text": "this. The opportunity is not in a few"}, {"start": "00:10:05", "end": "00:10:10", "text": "years from now. It's right now. So going"}, {"start": "00:10:08", "end": "00:10:12", "text": "over here to the daily chart, I'm kind"}, {"start": "00:10:10", "end": "00:10:13", "text": "of just very curious to see how this"}, {"start": "00:10:12", "end": "00:10:15", "text": "plays out. And this is a shorter term"}, {"start": "00:10:13", "end": "00:10:18", "text": "price action for Bitcoin. You can see"}, {"start": "00:10:15", "end": "00:10:20", "text": "it's not crazy overextended from that"}, {"start": "00:10:18", "end": "00:10:22", "text": "trend line. It might fail here. The"}, {"start": "00:10:20", "end": "00:10:24", "text": "weekly might fail here. We might not we"}, {"start": "00:10:22", "end": "00:10:26", "text": "might not close above the trend line."}, {"start": "00:10:24", "end": "00:10:29", "text": "This, you know, we have two days, 11"}, {"start": "00:10:26", "end": "00:10:31", "text": "hours left of this um candle. So, I'll"}, {"start": "00:10:29", "end": "00:10:34", "text": "be watching that. What does Bitcoin do"}, {"start": "00:10:31", "end": "00:10:36", "text": "in that, you know, 2 days, 11 hours. But"}, {"start": "00:10:34", "end": "00:10:39", "text": "on the daily chart, what I am watching"}, {"start": "00:10:36", "end": "00:10:41", "text": "if there is failure is really resistance"}, {"start": "00:10:39", "end": "00:10:44", "text": "to the 50-day moving average. It's just"}, {"start": "00:10:41", "end": "00:10:47", "text": "above 65,000, like $1,000 away. But if"}, {"start": "00:10:44", "end": "00:10:49", "text": "Bitcoin does fail"}, {"start": "00:10:47", "end": "00:10:52", "text": "and we start kind of trending back down,"}, {"start": "00:10:49", "end": "00:10:54", "text": "I'm looking at this higher low Fibonacci"}, {"start": "00:10:52", "end": "00:10:56", "text": "from the swing low that we had in July."}, {"start": "00:10:54", "end": "00:10:58", "text": "If Bitcoin comes back down and tests"}, {"start": "00:10:56", "end": "00:10:59", "text": "that a little bit, I'd be very curious"}, {"start": "00:10:58", "end": "00:11:01", "text": "to see what that structure begins to"}, {"start": "00:10:59", "end": "00:11:04", "text": "look like. Right? So, we have the swing"}, {"start": "00:11:01", "end": "00:11:05", "text": "low, we have this lower low. If we get"}, {"start": "00:11:04", "end": "00:11:07", "text": "rejected here, I'd be curious to see if"}, {"start": "00:11:05", "end": "00:11:09", "text": "we could put in a higher low. And it's"}, {"start": "00:11:07", "end": "00:11:12", "text": "almost like we have a a it's not the"}, {"start": "00:11:09", "end": "00:11:13", "text": "most just perfect left shoulder, but"}, {"start": "00:11:12", "end": "00:11:16", "text": "it's almost like we have an inverse head"}, {"start": "00:11:13", "end": "00:11:19", "text": "and shoulders with a descending"}, {"start": "00:11:16", "end": "00:11:21", "text": "neckline, right? And so I'd be very"}, {"start": "00:11:19", "end": "00:11:23", "text": "curious if maybe the move isn't right"}, {"start": "00:11:21", "end": "00:11:26", "text": "now for the breakout, but we come back"}, {"start": "00:11:23", "end": "00:11:28", "text": "down. We're back testing $60,000 if not"}, {"start": "00:11:26", "end": "00:11:30", "text": "wicking below it, people getting bearish"}, {"start": "00:11:28", "end": "00:11:31", "text": "again, and we start bouncing out of that"}, {"start": "00:11:30", "end": "00:11:33", "text": "maybe towards the end of July or"}, {"start": "00:11:31", "end": "00:11:35", "text": "something. That's something I'll be"}, {"start": "00:11:33", "end": "00:11:38", "text": "watching for. But on the short term, can"}, {"start": "00:11:35", "end": "00:11:41", "text": "Bitcoin break and escape $65,000?"}, {"start": "00:11:38", "end": "00:11:43", "text": "Because it is the 200E moving average,"}, {"start": "00:11:41", "end": "00:11:45", "text": "I'm sorry, the 200 day moving average up"}, {"start": "00:11:43", "end": "00:11:48", "text": "here. It's around $74,000"}, {"start": "00:11:45", "end": "00:11:50", "text": "and it is the game changer. You know, we"}, {"start": "00:11:48", "end": "00:11:52", "text": "talk about this trend line in yellow"}, {"start": "00:11:50", "end": "00:11:55", "text": "going back to all-time highs. That 200"}, {"start": "00:11:52", "end": "00:11:57", "text": "day moving average is massive. We have"}, {"start": "00:11:55", "end": "00:12:00", "text": "rejection in May, but if we go back on"}, {"start": "00:11:57", "end": "00:12:03", "text": "these cycles, it's flipping above that"}, {"start": "00:12:00", "end": "00:12:07", "text": "area. That is like the final boss on the"}, {"start": "00:12:03", "end": "00:12:09", "text": "macro. It is such a key thing to flip it"}, {"start": "00:12:07", "end": "00:12:12", "text": "to hold it as support and we start"}, {"start": "00:12:09", "end": "00:12:14", "text": "getting just this entire shift and"}, {"start": "00:12:12", "end": "00:12:18", "text": "reversal of all the moving averages and"}, {"start": "00:12:14", "end": "00:12:21", "text": "obviously of Bitcoin price. So that area"}, {"start": "00:12:18", "end": "00:12:23", "text": "up there is around 74,000. If if we see"}, {"start": "00:12:21", "end": "00:12:26", "text": "Bitcoin move $10,000, we're testing and"}, {"start": "00:12:23", "end": "00:12:27", "text": "breaking above that. There could be big"}, {"start": "00:12:26", "end": "00:12:30", "text": "dips following that, but man, that will"}, {"start": "00:12:27", "end": "00:12:32", "text": "be a huge first step of the macro"}, {"start": "00:12:30", "end": "00:12:34", "text": "reversal that we're waiting for on this"}, {"start": "00:12:32", "end": "00:12:36", "text": "chart, which is the weekly. So, I want"}, {"start": "00:12:34", "end": "00:12:38", "text": "to cruise over to the altcoin market cap"}, {"start": "00:12:36", "end": "00:12:39", "text": "chart. So, this is everything excluding"}, {"start": "00:12:38", "end": "00:12:41", "text": "Bitcoin. And I just want to show you"}, {"start": "00:12:39", "end": "00:12:44", "text": "what I was just looking at. So, here is"}, {"start": "00:12:41", "end": "00:12:46", "text": "the monthly chart. Obviously, I mean,"}, {"start": "00:12:44", "end": "00:12:48", "text": "for me, it's just like, man, just zoom"}, {"start": "00:12:46", "end": "00:12:51", "text": "out on this chart, right? zoom out and"}, {"start": "00:12:48", "end": "00:12:53", "text": "then bring into play the the story of"}, {"start": "00:12:51", "end": "00:12:55", "text": "the business cycle and expansion versus"}, {"start": "00:12:53", "end": "00:12:57", "text": "contraction. And if we're really"}, {"start": "00:12:55", "end": "00:13:00", "text": "entering a period of productivity and a"}, {"start": "00:12:57", "end": "00:13:02", "text": "boom, you know, this chart, I think, is"}, {"start": "00:13:00", "end": "00:13:05", "text": "primed to be that last domino that falls"}, {"start": "00:13:02", "end": "00:13:07", "text": "in a very bullish way. But putting that"}, {"start": "00:13:05", "end": "00:13:10", "text": "aside, you look at this, you're like,"}, {"start": "00:13:07", "end": "00:13:13", "text": "just look at the reset. Every time this"}, {"start": "00:13:10", "end": "00:13:16", "text": "chart has been basically slightly below"}, {"start": "00:13:13", "end": "00:13:19", "text": "or at the 50-month moving average, it's"}, {"start": "00:13:16", "end": "00:13:21", "text": "been the bottoming out area. Again, all"}, {"start": "00:13:19", "end": "00:13:23", "text": "these other indicators kind of signaling"}, {"start": "00:13:21", "end": "00:13:25", "text": "something similar. But what I was"}, {"start": "00:13:23", "end": "00:13:26", "text": "looking at, and this is why July is an"}, {"start": "00:13:25", "end": "00:13:28", "text": "important month for altcoins in this"}, {"start": "00:13:26", "end": "00:13:31", "text": "altcoin chart, is I was looking at this."}, {"start": "00:13:28", "end": "00:13:33", "text": "Obviously, the RSI just look at this"}, {"start": "00:13:31", "end": "00:13:35", "text": "record-breaking oversold. It's"}, {"start": "00:13:33", "end": "00:13:38", "text": "resetting. It's reset right now. How"}, {"start": "00:13:35", "end": "00:13:40", "text": "long this will take to exit this, not"}, {"start": "00:13:38", "end": "00:13:43", "text": "sure. But that's insane to see how much"}, {"start": "00:13:40", "end": "00:13:46", "text": "this has reset. Also in insane to see"}, {"start": "00:13:43", "end": "00:13:48", "text": "the lack of bull market for altcoins."}, {"start": "00:13:46", "end": "00:13:50", "text": "Here's a bull market on the RSI. Here's"}, {"start": "00:13:48", "end": "00:13:52", "text": "a bull market on the RSI. Here's a lack"}, {"start": "00:13:50", "end": "00:13:54", "text": "of bull market on the RSI. Years and"}, {"start": "00:13:52", "end": "00:13:57", "text": "years and years of no bull market and"}, {"start": "00:13:54", "end": "00:13:58", "text": "suppression. In my view, because of the"}, {"start": "00:13:57", "end": "00:14:00", "text": "business cycle and the suppression"}, {"start": "00:13:58", "end": "00:14:02", "text": "there, record-breaking quantitative"}, {"start": "00:14:00", "end": "00:14:04", "text": "tightening, altcoins will not perform"}, {"start": "00:14:02", "end": "00:14:07", "text": "well in that environment. We're out of"}, {"start": "00:14:04", "end": "00:14:10", "text": "it now, and we are entering a new era."}, {"start": "00:14:07", "end": "00:14:12", "text": "But here is the indicator right here."}, {"start": "00:14:10", "end": "00:14:14", "text": "It's this. You see this light red on the"}, {"start": "00:14:12", "end": "00:14:18", "text": "monthly MACD, this momentum oscillator"}, {"start": "00:14:14", "end": "00:14:21", "text": "in May. So that first hit of light red"}, {"start": "00:14:18", "end": "00:14:24", "text": "that had not happened in a very long"}, {"start": "00:14:21", "end": "00:14:29", "text": "time. If you go back and you look at"}, {"start": "00:14:24", "end": "00:14:33", "text": "this MACD, you'll notice that this first"}, {"start": "00:14:29", "end": "00:14:35", "text": "lighter red histogram hitting basically"}, {"start": "00:14:33", "end": "00:14:37", "text": "was the beginning of the bottom. And so"}, {"start": "00:14:35", "end": "00:14:41", "text": "what I mean by that is this. Go back"}, {"start": "00:14:37", "end": "00:14:43", "text": "here to October 2022, right? It hit. It"}, {"start": "00:14:41", "end": "00:14:45", "text": "was not the bottom in price. You can see"}, {"start": "00:14:43", "end": "00:14:48", "text": "it was a couple months lower, but it was"}, {"start": "00:14:45", "end": "00:14:50", "text": "towards the bottom. What happened here?"}, {"start": "00:14:48", "end": "00:14:52", "text": "Here's what happened. The the the"}, {"start": "00:14:50", "end": "00:14:55", "text": "monthly started turning on the"}, {"start": "00:14:52", "end": "00:14:58", "text": "histogram. The first light red came into"}, {"start": "00:14:55", "end": "00:15:00", "text": "play. It printed. Here's what followed"}, {"start": "00:14:58", "end": "00:15:03", "text": "that triggered the bottom. Once that"}, {"start": "00:15:00", "end": "00:15:05", "text": "light red hit, it's getting back above"}, {"start": "00:15:03", "end": "00:15:08", "text": "this 50month moving average on this"}, {"start": "00:15:05", "end": "00:15:10", "text": "chart. that is what happened. So it's"}, {"start": "00:15:08", "end": "00:15:12", "text": "the combination of both of those things."}, {"start": "00:15:10", "end": "00:15:16", "text": "And then if you go back and you go back"}, {"start": "00:15:12", "end": "00:15:18", "text": "two cycles ago uh to 2019,"}, {"start": "00:15:16", "end": "00:15:21", "text": "you can see this light red hitting"}, {"start": "00:15:18", "end": "00:15:24", "text": "printing on the histogram"}, {"start": "00:15:21", "end": "00:15:26", "text": "and at that moment simultaneously you"}, {"start": "00:15:24", "end": "00:15:28", "text": "can see actually the monthly chart"}, {"start": "00:15:26", "end": "00:15:30", "text": "closing above the 50-month moving"}, {"start": "00:15:28", "end": "00:15:32", "text": "average in that moment. But it's a"}, {"start": "00:15:30", "end": "00:15:34", "text": "combination of both of these things that"}, {"start": "00:15:32", "end": "00:15:37", "text": "light red printing on the histogram. So,"}, {"start": "00:15:34", "end": "00:15:39", "text": "we have that in May and then a close"}, {"start": "00:15:37", "end": "00:15:41", "text": "above the 50-month moving average. And"}, {"start": "00:15:39", "end": "00:15:43", "text": "right now, we are massively testing it."}, {"start": "00:15:41", "end": "00:15:45", "text": "We're not above it. It's actually almost"}, {"start": "00:15:43", "end": "00:15:47", "text": "looking like resistance right now. So,"}, {"start": "00:15:45", "end": "00:15:49", "text": "the next 21 days and 10 hours are going"}, {"start": "00:15:47", "end": "00:15:52", "text": "to be very interesting for altcoins"}, {"start": "00:15:49", "end": "00:15:53", "text": "because this has basically been the"}, {"start": "00:15:52", "end": "00:15:55", "text": "bottom, the combination of these two"}, {"start": "00:15:53", "end": "00:15:57", "text": "indicators that we just looked at. And"}, {"start": "00:15:55", "end": "00:15:59", "text": "what we need on this altcoin chart is"}, {"start": "00:15:57", "end": "00:16:01", "text": "for altcoins to close above this"}, {"start": "00:15:59", "end": "00:16:03", "text": "50-month moving average. That's a"}, {"start": "00:16:01", "end": "00:16:05", "text": "massive deal. So you take all these"}, {"start": "00:16:03", "end": "00:16:07", "text": "things in into consideration what's"}, {"start": "00:16:05", "end": "00:16:09", "text": "happening on altcoins. You take into"}, {"start": "00:16:07", "end": "00:16:11", "text": "consideration what is happening with"}, {"start": "00:16:09", "end": "00:16:14", "text": "Bitcoin right now and it's just like we"}, {"start": "00:16:11", "end": "00:16:17", "text": "are we are there everybody. There's no"}, {"start": "00:16:14", "end": "00:16:20", "text": "guarantees. There are no certainties but"}, {"start": "00:16:17", "end": "00:16:22", "text": "we are in an opportunity area. Don't"}, {"start": "00:16:20", "end": "00:16:25", "text": "know if it's a day don't know if it's"}, {"start": "00:16:22", "end": "00:16:28", "text": "four months but we are in an opportunity"}, {"start": "00:16:25", "end": "00:16:30", "text": "area that does not come along often. And"}, {"start": "00:16:28", "end": "00:16:31", "text": "that's just the one thing that I do know"}, {"start": "00:16:30", "end": "00:16:33", "text": "and for all of us it's different for"}, {"start": "00:16:31", "end": "00:16:35", "text": "managing our risk. But these are all the"}, {"start": "00:16:33", "end": "00:16:36", "text": "areas that I'm watching. Here's what I'm"}, {"start": "00:16:35", "end": "00:16:38", "text": "watching on Bitcoin. It's what I'm"}, {"start": "00:16:36", "end": "00:16:40", "text": "watching on altcoins. And that is to say"}, {"start": "00:16:38", "end": "00:16:43", "text": "on Bitcoin. How does this weekly candle"}, {"start": "00:16:40", "end": "00:16:45", "text": "close above the 20we"}, {"start": "00:16:43", "end": "00:16:47", "text": "I'm sorry above the 200 week above this"}, {"start": "00:16:45", "end": "00:16:50", "text": "trend line. Can we start making our way"}, {"start": "00:16:47", "end": "00:16:52", "text": "to the 20week moving average around"}, {"start": "00:16:50", "end": "00:16:54", "text": "$70,000 is the first stepping stone and"}, {"start": "00:16:52", "end": "00:16:56", "text": "then we'll be keeping a very close eye"}, {"start": "00:16:54", "end": "00:16:59", "text": "on altcoins and this altcoin market cap"}, {"start": "00:16:56", "end": "00:17:02", "text": "chart. right at this like $900 billion"}, {"start": "00:16:59", "end": "00:17:04", "text": "market cap, 50-month moving average. You"}, {"start": "00:17:02", "end": "00:17:06", "text": "can just see we are at the test right"}, {"start": "00:17:04", "end": "00:17:08", "text": "now. So, that's what I'll be watching."}, {"start": "00:17:06", "end": "00:17:10", "text": "Everybody, I appreciate you. I really"}, {"start": "00:17:08", "end": "00:17:12", "text": "do. Hit the subscribe if you want to get"}, {"start": "00:17:10", "end": "00:17:14", "text": "into our risk models. We have a free"}, {"start": "00:17:12", "end": "00:17:15", "text": "trial going on right now. Would love to"}, {"start": "00:17:14", "end": "00:17:16", "text": "have you join our members and start"}, {"start": "00:17:15", "end": "00:17:18", "text": "using these for accumulation. We have"}, {"start": "00:17:16", "end": "00:17:20", "text": "our accumulation planner that is back"}, {"start": "00:17:18", "end": "00:17:24", "text": "here as well. So you can use our risk"}, {"start": "00:17:20", "end": "00:17:26", "text": "models based on risk to accumulate based"}, {"start": "00:17:24", "end": "00:17:28", "text": "on your risk tolerance, aggressive,"}, {"start": "00:17:26", "end": "00:17:31", "text": "moderate, conservative, and for when the"}, {"start": "00:17:28", "end": "00:17:32", "text": "time comes, we've got our exit planner"}, {"start": "00:17:31", "end": "00:17:35", "text": "back here where you can set your plan"}, {"start": "00:17:32", "end": "00:17:37", "text": "for price mode or also risk mode in"}, {"start": "00:17:35", "end": "00:17:39", "text": "terms of exiting and actually taking"}, {"start": "00:17:37", "end": "00:17:40", "text": "profit and making some money in crypto."}, {"start": "00:17:39", "end": "00:17:42", "text": "So appreciate each and every one of you"}, {"start": "00:17:40", "end": "00:17:43", "text": "cruising by everybody. I will see you in"}, {"start": "00:17:42", "end": "00:17:45", "text": "the next video. Hit that subscribe and"}, {"start": "00:17:43", "end": "00:17:48", "text": "like if you enjoyed the video. God"}, {"start": "00:17:45", "end": "00:17:48", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Just look at it going back to 2014."}, {"start": "00:00:02", "end": "00:00:08", "text": "Contraction into expansion into"}, {"start": "00:00:05", "end": "00:00:10", "text": "contraction into expansion into"}, {"start": "00:00:08", "end": "00:00:12", "text": "contraction and suppression and the"}, {"start": "00:00:10", "end": "00:00:15", "text": "toughest bare market that we've ever"}, {"start": "00:00:12", "end": "00:00:17", "text": "seen. That correlation for me cannot be"}, {"start": "00:00:15", "end": "00:00:19", "text": "ignored. For much of the industry, it's"}, {"start": "00:00:17", "end": "00:00:23", "text": "fine. Ignore it. Say crypto runs on a"}, {"start": "00:00:19", "end": "00:00:25", "text": "schedule. I respect your opinion. But I"}, {"start": "00:00:23", "end": "00:00:27", "text": "highly disagree. This 20week moving"}, {"start": "00:00:25", "end": "00:00:30", "text": "average trading below the 50we moving"}, {"start": "00:00:27", "end": "00:00:34", "text": "average. This gap has taken years to set"}, {"start": "00:00:30", "end": "00:00:36", "text": "up. The last time that it happened was,"}, {"start": "00:00:34", "end": "00:00:38", "text": "as we continue to study all the charts,"}, {"start": "00:00:36", "end": "00:00:40", "text": "all the macroeconomic data, one thing is"}, {"start": "00:00:38", "end": "00:00:42", "text": "clear to me when I'm looking at this"}, {"start": "00:00:40", "end": "00:00:44", "text": "chart. This is altcoin dominance. This"}, {"start": "00:00:42", "end": "00:00:47", "text": "is everything excluding the top 10"}, {"start": "00:00:44", "end": "00:00:50", "text": "dominance. One thing is very clear to"}, {"start": "00:00:47", "end": "00:00:53", "text": "me. Altcoins, they do not like these red"}, {"start": "00:00:50", "end": "00:00:56", "text": "boxes. What are these red boxes? These"}, {"start": "00:00:53", "end": "00:00:57", "text": "red boxes are quantitative tightening."}, {"start": "00:00:56", "end": "00:01:00", "text": "first ever quantitative tightening right"}, {"start": "00:00:57", "end": "00:01:03", "text": "here for altcoins. And it was a very"}, {"start": "00:01:00", "end": "00:01:04", "text": "massive period of contraction for the"}, {"start": "00:01:03", "end": "00:01:07", "text": "crypto space in general, but obviously"}, {"start": "00:01:04", "end": "00:01:09", "text": "for altcoins. And you know what else was"}, {"start": "00:01:07", "end": "00:01:11", "text": "in contraction during that moment is the"}, {"start": "00:01:09", "end": "00:01:14", "text": "business cycle, the PMI. But what"}, {"start": "00:01:11", "end": "00:01:17", "text": "happened is in 2019 in July, QT ended"}, {"start": "00:01:14", "end": "00:01:20", "text": "and that was the bottom of the altcoin"}, {"start": "00:01:17", "end": "00:01:22", "text": "dominance contraction move. the the"}, {"start": "00:01:20", "end": "00:01:24", "text": "bottom of this lower low, lower high"}, {"start": "00:01:22", "end": "00:01:27", "text": "move was right when quantitative"}, {"start": "00:01:24", "end": "00:01:31", "text": "tightening ended in July 2019. December"}, {"start": "00:01:27", "end": "00:01:35", "text": "2025 QT ended record-breaking QT. This"}, {"start": "00:01:31", "end": "00:01:37", "text": "so far has been the bottom for altcoin"}, {"start": "00:01:35", "end": "00:01:40", "text": "dominance to the downside. We have been"}, {"start": "00:01:37", "end": "00:01:42", "text": "trending upwards notably with the PMI"}, {"start": "00:01:40", "end": "00:01:44", "text": "and the business cycle expansion. There"}, {"start": "00:01:42", "end": "00:01:45", "text": "is such correlation here that is"}, {"start": "00:01:44", "end": "00:01:49", "text": "impossible for me to ignore. It's not"}, {"start": "00:01:45", "end": "00:01:49", "text": "the most pos."}, {"start": "00:01:49", "end": "00:01:53", "text": "But it's a view that I will continue"}, {"start": "00:01:50", "end": "00:01:55", "text": "tracking in my analysis and in my data"}, {"start": "00:01:53", "end": "00:01:57", "text": "because it plays heavily into the"}, {"start": "00:01:55", "end": "00:01:59", "text": "decisions that I'm making. So that's"}, {"start": "00:01:57", "end": "00:02:01", "text": "just how I am and I want to present to"}, {"start": "00:01:59", "end": "00:02:03", "text": "you in this video not only this chart"}, {"start": "00:02:01", "end": "00:02:05", "text": "but also the altcoin market cap chart."}, {"start": "00:02:03", "end": "00:02:07", "text": "This is everything excluding Bitcoin."}, {"start": "00:02:05", "end": "00:02:11", "text": "And I just want to get a sense of you"}, {"start": "00:02:07", "end": "00:02:13", "text": "know this how much lower could this go?"}, {"start": "00:02:11", "end": "00:02:16", "text": "And I have really good area on this"}, {"start": "00:02:13", "end": "00:02:18", "text": "chart to watch for um when it comes to"}, {"start": "00:02:16", "end": "00:02:19", "text": "answering that question as it relates to"}, {"start": "00:02:18", "end": "00:02:23", "text": "every cycle. And I'm talking about going"}, {"start": "00:02:19", "end": "00:02:25", "text": "back here to 2015. It's a really simple"}, {"start": "00:02:23", "end": "00:02:27", "text": "way to kind of visualize the"}, {"start": "00:02:25", "end": "00:02:29", "text": "overextension to the downside, the"}, {"start": "00:02:27", "end": "00:02:30", "text": "bottoming out of altcoins. And that's"}, {"start": "00:02:29", "end": "00:02:32", "text": "what I'm going to show you right now. I"}, {"start": "00:02:30", "end": "00:02:34", "text": "want to start the video really quickly"}, {"start": "00:02:32", "end": "00:02:37", "text": "with just this post I just saw. Altcoin"}, {"start": "00:02:34", "end": "00:02:39", "text": "dominance at 8%. Everyone's calling alts"}, {"start": "00:02:37", "end": "00:02:42", "text": "dead right now. Was doing the same exact"}, {"start": "00:02:39", "end": "00:02:44", "text": "thing at the last cycle bottom. Get"}, {"start": "00:02:42", "end": "00:02:47", "text": "ready. And it is so true. This is a"}, {"start": "00:02:44", "end": "00:02:49", "text": "picture of since 2021 altcoin dominance"}, {"start": "00:02:47", "end": "00:02:51", "text": "just falling and we just got a"}, {"start": "00:02:49", "end": "00:02:55", "text": "visualization of that on the altcoin"}, {"start": "00:02:51", "end": "00:02:59", "text": "dominance chart. It's just down right"}, {"start": "00:02:55", "end": "00:03:01", "text": "since January 2022 down. And right here"}, {"start": "00:02:59", "end": "00:03:03", "text": "is June 2022 when we entered"}, {"start": "00:03:01", "end": "00:03:06", "text": "quantitative tightening. It was just"}, {"start": "00:03:03", "end": "00:03:07", "text": "this contraction period uh from the"}, {"start": "00:03:06", "end": "00:03:09", "text": "macro perspective and what the Fed was"}, {"start": "00:03:07", "end": "00:03:12", "text": "doing, what the economy was doing. It's"}, {"start": "00:03:09", "end": "00:03:15", "text": "been a very rough patch for crypto in"}, {"start": "00:03:12", "end": "00:03:17", "text": "general. And so now I think that season"}, {"start": "00:03:15", "end": "00:03:19", "text": "has come to an end. I don't even think"}, {"start": "00:03:17", "end": "00:03:21", "text": "it has. It has come to an end. QT ended"}, {"start": "00:03:19", "end": "00:03:24", "text": "in December and you can see what"}, {"start": "00:03:21", "end": "00:03:26", "text": "altcoins are starting to do. So as I'm"}, {"start": "00:03:24", "end": "00:03:27", "text": "studying this chart, I want you to keep"}, {"start": "00:03:26", "end": "00:03:30", "text": "in mind and we're going to really talk"}, {"start": "00:03:27", "end": "00:03:34", "text": "about this 20week moving average as well"}, {"start": "00:03:30", "end": "00:03:35", "text": "as the 200. I kind of remove the 200 in"}, {"start": "00:03:34", "end": "00:03:38", "text": "red for a moment, but we're going to"}, {"start": "00:03:35", "end": "00:03:39", "text": "come back to it. But as we as we do this"}, {"start": "00:03:38", "end": "00:03:42", "text": "analysis, what I want you to keep in"}, {"start": "00:03:39", "end": "00:03:45", "text": "mind is in our risk models, altcoin"}, {"start": "00:03:42", "end": "00:03:48", "text": "market cap long-term risk is sitting at"}, {"start": "00:03:45", "end": "00:03:52", "text": "a 10. So at this risk level, and this is"}, {"start": "00:03:48", "end": "00:03:53", "text": "going back to data from 2013,"}, {"start": "00:03:52", "end": "00:03:58", "text": "at the risk of 10, the price was higher"}, {"start": "00:03:53", "end": "00:04:01", "text": "85% of the time after 3 months and 100%"}, {"start": "00:03:58", "end": "00:04:04", "text": "of the time after one year. that risk"}, {"start": "00:04:01", "end": "00:04:06", "text": "score. what that means in terms of not"}, {"start": "00:04:04", "end": "00:04:10", "text": "being predictive, but throughout all of"}, {"start": "00:04:06", "end": "00:04:12", "text": "the trading on this chart since 2013,"}, {"start": "00:04:10", "end": "00:04:15", "text": "that risk score when you when you pair"}, {"start": "00:04:12", "end": "00:04:17", "text": "it with the macroeconomic data and this"}, {"start": "00:04:15", "end": "00:04:21", "text": "productivity boom I think we're going"}, {"start": "00:04:17", "end": "00:04:23", "text": "into along with maybe more importantly"}, {"start": "00:04:21", "end": "00:04:26", "text": "the institutional adoption and interest"}, {"start": "00:04:23", "end": "00:04:29", "text": "that there is in altcoins and the"}, {"start": "00:04:26", "end": "00:04:31", "text": "Clarity Act and what's getting ready to"}, {"start": "00:04:29", "end": "00:04:32", "text": "be unlocked. And I know we've been"}, {"start": "00:04:31", "end": "00:04:36", "text": "talking about this for like a year now."}, {"start": "00:04:32", "end": "00:04:38", "text": "I know it's just like, come on then."}, {"start": "00:04:36", "end": "00:04:41", "text": "Let's go. I've realized that. I'm with"}, {"start": "00:04:38", "end": "00:04:43", "text": "you. But just because it has not"}, {"start": "00:04:41", "end": "00:04:45", "text": "happened, you know, in our timeline,"}, {"start": "00:04:43", "end": "00:04:47", "text": "just right as we're becoming bullish"}, {"start": "00:04:45", "end": "00:04:49", "text": "fundamentally on crypto, doesn't mean"}, {"start": "00:04:47", "end": "00:04:52", "text": "it's not happening. But when we're"}, {"start": "00:04:49", "end": "00:04:54", "text": "getting a risk score that says this, I'm"}, {"start": "00:04:52", "end": "00:04:57", "text": "just saying"}, {"start": "00:04:54", "end": "00:04:59", "text": "risk is really low for crypto, for alt"}, {"start": "00:04:57", "end": "00:05:01", "text": "coins. Bitcoin's down like 50%. from its"}, {"start": "00:04:59", "end": "00:05:03", "text": "all-time high. Risk is low for for"}, {"start": "00:05:01", "end": "00:05:06", "text": "Bitcoin, but for altcoins, I just think"}, {"start": "00:05:03", "end": "00:05:08", "text": "the opportunity is incredible. So, as we"}, {"start": "00:05:06", "end": "00:05:09", "text": "sit here and we're kind of trying to"}, {"start": "00:05:08", "end": "00:05:12", "text": "distinguish, man, is this ever going to"}, {"start": "00:05:09", "end": "00:05:14", "text": "end? Like, this is the total crypto"}, {"start": "00:05:12", "end": "00:05:18", "text": "market cap excluding uh Bitcoin, is it"}, {"start": "00:05:14", "end": "00:05:20", "text": "ever going to end like the sideways? Is"}, {"start": "00:05:18", "end": "00:05:21", "text": "there going to be a bull market? One"}, {"start": "00:05:20", "end": "00:05:23", "text": "thing that's useful, there's so many"}, {"start": "00:05:21", "end": "00:05:25", "text": "different indicators that are useful,"}, {"start": "00:05:23", "end": "00:05:26", "text": "but one thing that is very useful is"}, {"start": "00:05:25", "end": "00:05:28", "text": "moving averages. And I've talked about"}, {"start": "00:05:26", "end": "00:05:30", "text": "this a lot on my channel over the years."}, {"start": "00:05:28", "end": "00:05:33", "text": "um maybe even more so on shorter term"}, {"start": "00:05:30", "end": "00:05:34", "text": "moves, maybe on a daily chart, but it's"}, {"start": "00:05:33", "end": "00:05:36", "text": "very useful on a weekly chart as well, a"}, {"start": "00:05:34", "end": "00:05:39", "text": "longer term chart. And it's just this"}, {"start": "00:05:36", "end": "00:05:41", "text": "concept of like being oversold and"}, {"start": "00:05:39", "end": "00:05:43", "text": "overbought, but it's visualized just"}, {"start": "00:05:41", "end": "00:05:46", "text": "from a moving average perspective. We"}, {"start": "00:05:43", "end": "00:05:48", "text": "call it being overextended from certain"}, {"start": "00:05:46", "end": "00:05:50", "text": "key moving averages. In this case, what"}, {"start": "00:05:48", "end": "00:05:52", "text": "we're going to look at is the 20week"}, {"start": "00:05:50", "end": "00:05:54", "text": "moving average in green. This is a very"}, {"start": "00:05:52", "end": "00:05:56", "text": "nice indicator. And the same is true"}, {"start": "00:05:54", "end": "00:05:59", "text": "when you start getting insanely"}, {"start": "00:05:56", "end": "00:06:02", "text": "overextended to the upside, right? 55%"}, {"start": "00:05:59", "end": "00:06:04", "text": "extended to the upside. Be ready for for"}, {"start": "00:06:02", "end": "00:06:06", "text": "consolidation, right? Be ready for"}, {"start": "00:06:04", "end": "00:06:08", "text": "pullback and attest to key moving"}, {"start": "00:06:06", "end": "00:06:12", "text": "averages if not a massive reset. Here's"}, {"start": "00:06:08", "end": "00:06:14", "text": "another 50 61% overextension. Be ready,"}, {"start": "00:06:12", "end": "00:06:17", "text": "right? The same is true to the downside."}, {"start": "00:06:14", "end": "00:06:19", "text": "So, notably, what we have happening with"}, {"start": "00:06:17", "end": "00:06:22", "text": "all coins right now, do you see this"}, {"start": "00:06:19", "end": "00:06:24", "text": "gap? This 20 fell below the 50, the"}, {"start": "00:06:22", "end": "00:06:26", "text": "green below the the blue. You see this"}, {"start": "00:06:24", "end": "00:06:29", "text": "gap that has formed between the 20 and"}, {"start": "00:06:26", "end": "00:06:33", "text": "the 50. That's a very large gap. And"}, {"start": "00:06:29", "end": "00:06:36", "text": "that gap takes years to happen. What you"}, {"start": "00:06:33", "end": "00:06:38", "text": "see here, this picture, that 20 trading"}, {"start": "00:06:36", "end": "00:06:40", "text": "below the 50 moving average like that,"}, {"start": "00:06:38", "end": "00:06:43", "text": "that has taken years. The last time that"}, {"start": "00:06:40", "end": "00:06:46", "text": "that this has even happened was all the"}, {"start": "00:06:43", "end": "00:06:49", "text": "way back here in 2022 into 2023. So,"}, {"start": "00:06:46", "end": "00:06:52", "text": "we're talking like over three years ago."}, {"start": "00:06:49", "end": "00:06:56", "text": "We had we had we had to wait three years"}, {"start": "00:06:52", "end": "00:06:59", "text": "to get this move. Okay. So, if that's"}, {"start": "00:06:56", "end": "00:07:01", "text": "the case, what does that mean? Well,"}, {"start": "00:06:59", "end": "00:07:04", "text": "that's that's a picture of a reset from"}, {"start": "00:07:01", "end": "00:07:08", "text": "a moving average illustration. Okay. And"}, {"start": "00:07:04", "end": "00:07:11", "text": "so, if you go back not just 2022, but we"}, {"start": "00:07:08", "end": "00:07:15", "text": "go back to the last time before 2022 it"}, {"start": "00:07:11", "end": "00:07:16", "text": "happened, notice this. It was obviously"}, {"start": "00:07:15", "end": "00:07:19", "text": "right here. There's a little gap right"}, {"start": "00:07:16", "end": "00:07:22", "text": "there, 2020. But even more so, the the"}, {"start": "00:07:19", "end": "00:07:26", "text": "big gap was all the way back here, 2018."}, {"start": "00:07:22", "end": "00:07:28", "text": "So now we have, if we look at this, this"}, {"start": "00:07:26", "end": "00:07:30", "text": "20week moving average trading below the"}, {"start": "00:07:28", "end": "00:07:33", "text": "50week moving average. This gap has"}, {"start": "00:07:30", "end": "00:07:36", "text": "taken years to set up. The last time"}, {"start": "00:07:33", "end": "00:07:39", "text": "that it happened was over three years"}, {"start": "00:07:36", "end": "00:07:41", "text": "ago in 2022, that gap right there, it"}, {"start": "00:07:39", "end": "00:07:43", "text": "marked a bottom. And the time before"}, {"start": "00:07:41", "end": "00:07:47", "text": "that where we had a gap that large was"}, {"start": "00:07:43", "end": "00:07:49", "text": "basically 2018 into 2019 where we also"}, {"start": "00:07:47", "end": "00:07:51", "text": "formed a bottom. And if you want to take"}, {"start": "00:07:49", "end": "00:07:53", "text": "it a step further and just go back to"}, {"start": "00:07:51", "end": "00:07:57", "text": "the last time before that, we're looking"}, {"start": "00:07:53", "end": "00:08:01", "text": "at like 2015 which formed a bottom right"}, {"start": "00:07:57", "end": "00:08:03", "text": "going right into the 2016 bull move. So"}, {"start": "00:08:01", "end": "00:08:06", "text": "right now what is happening on the"}, {"start": "00:08:03", "end": "00:08:09", "text": "altcoin market cap chart is a very clear"}, {"start": "00:08:06", "end": "00:08:12", "text": "signal that's saying it's taken years"}, {"start": "00:08:09", "end": "00:08:14", "text": "but altcoins are here and the risk model"}, {"start": "00:08:12", "end": "00:08:17", "text": "that we have in our intelligence system"}, {"start": "00:08:14", "end": "00:08:20", "text": "is stating something similar and PMI now"}, {"start": "00:08:17", "end": "00:08:21", "text": "expanding is stating something similar"}, {"start": "00:08:20", "end": "00:08:23", "text": "right and we get a really clear"}, {"start": "00:08:21", "end": "00:08:25", "text": "illustration of that on the altcoin"}, {"start": "00:08:23", "end": "00:08:28", "text": "dominance chart expanding with PMI look"}, {"start": "00:08:25", "end": "00:08:30", "text": "at the correlation in terms of this uh"}, {"start": "00:08:28", "end": "00:08:31", "text": "altcoin dominance chart and the business"}, {"start": "00:08:30", "end": "00:08:35", "text": "cycle Just look at it going back to"}, {"start": "00:08:31", "end": "00:08:38", "text": "2014. Contraction into expansion into"}, {"start": "00:08:35", "end": "00:08:40", "text": "contraction into expansion into"}, {"start": "00:08:38", "end": "00:08:42", "text": "contraction and suppression and the"}, {"start": "00:08:40", "end": "00:08:46", "text": "toughest bare market that we've ever"}, {"start": "00:08:42", "end": "00:08:47", "text": "seen. That correlation for me cannot be"}, {"start": "00:08:46", "end": "00:08:50", "text": "ignored. For much of the industry, it's"}, {"start": "00:08:47", "end": "00:08:53", "text": "fine. Ignore it. Say crypto runs on a"}, {"start": "00:08:50", "end": "00:08:55", "text": "schedule. I respect your opinion. But I"}, {"start": "00:08:53", "end": "00:08:57", "text": "highly disagree. And there is something"}, {"start": "00:08:55", "end": "00:09:00", "text": "way bigger that is happening right here,"}, {"start": "00:08:57", "end": "00:09:02", "text": "especially when it comes to altcoins. So"}, {"start": "00:09:00", "end": "00:09:05", "text": "with that being said, if we go back to"}, {"start": "00:09:02", "end": "00:09:06", "text": "the altcoin market cap chart right now,"}, {"start": "00:09:05", "end": "00:09:08", "text": "I want to point to your attention, we"}, {"start": "00:09:06", "end": "00:09:11", "text": "are overextended from the move from the"}, {"start": "00:09:08", "end": "00:09:14", "text": "20we moving average around 20 like 21%"}, {"start": "00:09:11", "end": "00:09:15", "text": "right to these previous lows. And I'm"}, {"start": "00:09:14", "end": "00:09:17", "text": "going to present to you maybe we go"}, {"start": "00:09:15", "end": "00:09:19", "text": "lower. Okay, I want to present that to"}, {"start": "00:09:17", "end": "00:09:22", "text": "you. But for me, that's just going to"}, {"start": "00:09:19", "end": "00:09:25", "text": "scream even more opportunity, a a higher"}, {"start": "00:09:22", "end": "00:09:27", "text": "opportunity zone. But go back to 2022,"}, {"start": "00:09:25", "end": "00:09:29", "text": "the overextension that we had in that"}, {"start": "00:09:27", "end": "00:09:31", "text": "moment where there was that separation"}, {"start": "00:09:29", "end": "00:09:34", "text": "of those moving averages, right? From"}, {"start": "00:09:31", "end": "00:09:36", "text": "the 20week moving average, it was like a"}, {"start": "00:09:34", "end": "00:09:38", "text": "23% overextension. It looked really bad"}, {"start": "00:09:36", "end": "00:09:42", "text": "for all coins and then we bounced out of"}, {"start": "00:09:38", "end": "00:09:44", "text": "that, right? We're at 21% right now. The"}, {"start": "00:09:42", "end": "00:09:46", "text": "bottom could be in on this chart. I'm"}, {"start": "00:09:44", "end": "00:09:48", "text": "not saying it is, but it very well could"}, {"start": "00:09:46", "end": "00:09:51", "text": "be based on that alone. But then we go"}, {"start": "00:09:48", "end": "00:09:53", "text": "back and we go to maybe even a more"}, {"start": "00:09:51", "end": "00:09:56", "text": "notable time and that is the post QT"}, {"start": "00:09:53", "end": "00:09:58", "text": "dip. Right? You can see there's that"}, {"start": "00:09:56", "end": "00:10:01", "text": "little bit of a separation here and in"}, {"start": "00:09:58", "end": "00:10:03", "text": "that move we got 36% overextension"}, {"start": "00:10:01", "end": "00:10:06", "text": "basically from that 20week moving"}, {"start": "00:10:03", "end": "00:10:08", "text": "average at the end of the post QT dip."}, {"start": "00:10:06", "end": "00:10:10", "text": "This is a dip that I'm saying that has"}, {"start": "00:10:08", "end": "00:10:12", "text": "been very similar to where we are right"}, {"start": "00:10:10", "end": "00:10:14", "text": "now. Right? QT ended right here in"}, {"start": "00:10:12", "end": "00:10:16", "text": "December. We've been dipping. We're in"}, {"start": "00:10:14", "end": "00:10:20", "text": "that postQT normalization phase similar"}, {"start": "00:10:16", "end": "00:10:23", "text": "to 2019 where it got 36% overextended."}, {"start": "00:10:20", "end": "00:10:25", "text": "So if you want to extend this 36%, I'm"}, {"start": "00:10:23", "end": "00:10:26", "text": "not saying it's going to repeat that,"}, {"start": "00:10:25", "end": "00:10:29", "text": "but I'm just saying just to give you a"}, {"start": "00:10:26", "end": "00:10:33", "text": "sense that brings this chart down to a"}, {"start": "00:10:29", "end": "00:10:35", "text": "dip of, you know, 685 billion or so. So"}, {"start": "00:10:33", "end": "00:10:38", "text": "if things get worse for crypto, maybe"}, {"start": "00:10:35", "end": "00:10:40", "text": "we're in that 650 to 700 billion market"}, {"start": "00:10:38", "end": "00:10:44", "text": "cap on this chart sitting at 879 right"}, {"start": "00:10:40", "end": "00:10:46", "text": "now. Be prepared for that. But the level"}, {"start": "00:10:44", "end": "00:10:49", "text": "of opportunity if crypto is not going"}, {"start": "00:10:46", "end": "00:10:51", "text": "anywhere and institutions really are"}, {"start": "00:10:49", "end": "00:10:54", "text": "positioning and governments are even"}, {"start": "00:10:51", "end": "00:10:58", "text": "positioning even with all coins"}, {"start": "00:10:54", "end": "00:11:00", "text": "that is going to be an opportunity that"}, {"start": "00:10:58", "end": "00:11:03", "text": "will be talked about for years to come"}, {"start": "00:11:00", "end": "00:11:04", "text": "uh when we look back on that move. So"}, {"start": "00:11:03", "end": "00:11:07", "text": "that's just something to be be prepared"}, {"start": "00:11:04", "end": "00:11:09", "text": "for. Now, taking that a step further, if"}, {"start": "00:11:07", "end": "00:11:11", "text": "you go back to the 2018 low, which I"}, {"start": "00:11:09", "end": "00:11:13", "text": "don't think structurally or even from a"}, {"start": "00:11:11", "end": "00:11:16", "text": "macro perspective, we're here, right?"}, {"start": "00:11:13", "end": "00:11:17", "text": "This was right in the middle of QT, you"}, {"start": "00:11:16", "end": "00:11:19", "text": "see right in the middle of this box,"}, {"start": "00:11:17", "end": "00:11:21", "text": "quantitative tightening box. It was"}, {"start": "00:11:19", "end": "00:11:23", "text": "right during all of the contraction that"}, {"start": "00:11:21", "end": "00:11:25", "text": "we had from an economic perspective on"}, {"start": "00:11:23", "end": "00:11:26", "text": "this PMI chart. We're in a different"}, {"start": "00:11:25", "end": "00:11:29", "text": "season now. So, I don't think we're"}, {"start": "00:11:26", "end": "00:11:31", "text": "there, but notice over 60% overextended"}, {"start": "00:11:29", "end": "00:11:34", "text": "from the 20week moving average. This"}, {"start": "00:11:31", "end": "00:11:38", "text": "gives you a sense man if we get ever"}, {"start": "00:11:34", "end": "00:11:41", "text": "extended to the downside 60% that is"}, {"start": "00:11:38", "end": "00:11:44", "text": "just massive opportunity zone and"}, {"start": "00:11:41", "end": "00:11:47", "text": "actually notice right here also almost"}, {"start": "00:11:44", "end": "00:11:49", "text": "60%. This was right going into"}, {"start": "00:11:47", "end": "00:11:51", "text": "quantitative tightening. This was in the"}, {"start": "00:11:49", "end": "00:11:53", "text": "contraction the beginning of contraction"}, {"start": "00:11:51", "end": "00:11:55", "text": "of the economy and and this business"}, {"start": "00:11:53", "end": "00:11:58", "text": "cycle that you see here. We're not"}, {"start": "00:11:55", "end": "00:12:00", "text": "there. But just notice again maybe for"}, {"start": "00:11:58", "end": "00:12:03", "text": "next cycle entering our bare market when"}, {"start": "00:12:00", "end": "00:12:06", "text": "we get 60% overextended from a 20week"}, {"start": "00:12:03", "end": "00:12:08", "text": "moving average it is just time to"}, {"start": "00:12:06", "end": "00:12:10", "text": "accumulate some altcoins. That's what"}, {"start": "00:12:08", "end": "00:12:13", "text": "that's saying. And then going back to"}, {"start": "00:12:10", "end": "00:12:17", "text": "years and years and years ago 2015"}, {"start": "00:12:13", "end": "00:12:19", "text": "overextended 37% overextended 35% in"}, {"start": "00:12:17", "end": "00:12:21", "text": "this bottoming out era as we see this"}, {"start": "00:12:19", "end": "00:12:23", "text": "20week moving average consolidating with"}, {"start": "00:12:21", "end": "00:12:26", "text": "the 50week moving average. So, here we"}, {"start": "00:12:23", "end": "00:12:29", "text": "are right now. We are extended below the"}, {"start": "00:12:26", "end": "00:12:31", "text": "20we is below the 50we. There's that gap"}, {"start": "00:12:29", "end": "00:12:34", "text": "that takes years to set up. We're we're"}, {"start": "00:12:31", "end": "00:12:39", "text": "right now around basically 21% or so"}, {"start": "00:12:34", "end": "00:12:41", "text": "overextended. We've kind of"}, {"start": "00:12:39", "end": "00:12:43", "text": "set the stage for the fact that man, we"}, {"start": "00:12:41", "end": "00:12:45", "text": "could fall into the 30s. This this thing"}, {"start": "00:12:43", "end": "00:12:48", "text": "could consolidate more. But right now,"}, {"start": "00:12:45", "end": "00:12:50", "text": "when we think about where we are from a"}, {"start": "00:12:48", "end": "00:12:52", "text": "macroeconomic perspective, and we think"}, {"start": "00:12:50", "end": "00:12:54", "text": "about where we are from a liquidity"}, {"start": "00:12:52", "end": "00:12:56", "text": "perspective, and we think about where we"}, {"start": "00:12:54", "end": "00:12:58", "text": "are from a risk perspective, and we"}, {"start": "00:12:56", "end": "00:13:02", "text": "think about where we are from an"}, {"start": "00:12:58", "end": "00:13:04", "text": "administration, pro- crypto, pro SEC"}, {"start": "00:13:02", "end": "00:13:06", "text": "standpoint,"}, {"start": "00:13:04", "end": "00:13:07", "text": "it is very clear to me, and I'm not"}, {"start": "00:13:06", "end": "00:13:10", "text": "trying to hype anybody up. I'm really"}, {"start": "00:13:07", "end": "00:13:12", "text": "not. I I don't you you can do whatever"}, {"start": "00:13:10", "end": "00:13:14", "text": "you're going to do out there. I've, you"}, {"start": "00:13:12", "end": "00:13:16", "text": "know, for I've been bullish on altcoins"}, {"start": "00:13:14", "end": "00:13:18", "text": "through the through this whole cycle,"}, {"start": "00:13:16", "end": "00:13:20", "text": "you know, from a year ago doing bullish"}, {"start": "00:13:18", "end": "00:13:22", "text": "altcoin content. A lot of people don't"}, {"start": "00:13:20", "end": "00:13:23", "text": "like me for it. Always preparing for"}, {"start": "00:13:22", "end": "00:13:25", "text": "downside. Always preparing for the"}, {"start": "00:13:23", "end": "00:13:28", "text": "worst. And I feel like the worst has"}, {"start": "00:13:25", "end": "00:13:31", "text": "really happened, but I've been bullish"}, {"start": "00:13:28", "end": "00:13:33", "text": "for altcoins on altcoins for a while."}, {"start": "00:13:31", "end": "00:13:35", "text": "And I think there's just going to be"}, {"start": "00:13:33", "end": "00:13:36", "text": "that moment. I balanced my risk, so I'm"}, {"start": "00:13:35", "end": "00:13:39", "text": "fine. There's going to be that moment"}, {"start": "00:13:36", "end": "00:13:41", "text": "where it has paid off for me to have"}, {"start": "00:13:39", "end": "00:13:43", "text": "been bullish on altcoins and all the"}, {"start": "00:13:41", "end": "00:13:45", "text": "other noise and all the other, you know,"}, {"start": "00:13:43", "end": "00:13:48", "text": "all the arguments and debating out"}, {"start": "00:13:45", "end": "00:13:49", "text": "there. It's not going to mean anything,"}, {"start": "00:13:48", "end": "00:13:51", "text": "right? It really doesn't mean anything"}, {"start": "00:13:49", "end": "00:13:54", "text": "now, but it's especially not going to"}, {"start": "00:13:51", "end": "00:13:58", "text": "mean anything if if we do go into an"}, {"start": "00:13:54", "end": "00:14:00", "text": "expansive uh moment for not only PMI,"}, {"start": "00:13:58", "end": "00:14:03", "text": "but also for all coins. If this other's"}, {"start": "00:14:00", "end": "00:14:06", "text": "dominance chart continues to trend"}, {"start": "00:14:03", "end": "00:14:08", "text": "upwards into its own bull market, not"}, {"start": "00:14:06", "end": "00:14:10", "text": "none of it matters other than my years"}, {"start": "00:14:08", "end": "00:14:13", "text": "and years of preparation, right? And and"}, {"start": "00:14:10", "end": "00:14:15", "text": "I have all the receipts with my analysis"}, {"start": "00:14:13", "end": "00:14:18", "text": "in terms of anticipating upside,"}, {"start": "00:14:15", "end": "00:14:20", "text": "anticipating downside and tracking just"}, {"start": "00:14:18", "end": "00:14:23", "text": "how rough of a cycle this has been for"}, {"start": "00:14:20", "end": "00:14:26", "text": "all coins. But the explanation is very"}, {"start": "00:14:23", "end": "00:14:28", "text": "obvious on this chart in my opinion. So,"}, {"start": "00:14:26", "end": "00:14:30", "text": "I wanted to kind of bring this data to"}, {"start": "00:14:28", "end": "00:14:32", "text": "you though, this really cool 20week"}, {"start": "00:14:30", "end": "00:14:35", "text": "moving average data. And if we look at"}, {"start": "00:14:32", "end": "00:14:36", "text": "the 200 week, it's it's something that I"}, {"start": "00:14:35", "end": "00:14:41", "text": "didn't want to use really in this video"}, {"start": "00:14:36", "end": "00:14:42", "text": "because if you go back to uh 2016"}, {"start": "00:14:41", "end": "00:14:45", "text": "and 15, you see that we just didn't have"}, {"start": "00:14:42", "end": "00:14:47", "text": "the data for a 200WE moving average. Um,"}, {"start": "00:14:45", "end": "00:14:50", "text": "but if you do look at this though real"}, {"start": "00:14:47", "end": "00:14:54", "text": "quick, 200E moving average bottomed"}, {"start": "00:14:50", "end": "00:14:57", "text": "below it in 2018 in the postQT dip of"}, {"start": "00:14:54", "end": "00:15:00", "text": "2019. There's the COVID dip obviously of"}, {"start": "00:14:57", "end": "00:15:03", "text": "2020. But even right here, 2023, bottom"}, {"start": "00:15:00", "end": "00:15:05", "text": "below the 200week moving average. 2023"}, {"start": "00:15:03", "end": "00:15:07", "text": "again, bottom below the 200week moving"}, {"start": "00:15:05", "end": "00:15:09", "text": "average with a higher low. Here we are"}, {"start": "00:15:07", "end": "00:15:11", "text": "right now, we're below the 200E moving"}, {"start": "00:15:09", "end": "00:15:13", "text": "average. Could there be some more"}, {"start": "00:15:11", "end": "00:15:15", "text": "downside? Yes. Could the bottom be in?"}, {"start": "00:15:13", "end": "00:15:16", "text": "Yes. My whole my whole goal is preparing"}, {"start": "00:15:15", "end": "00:15:19", "text": "for either scenario, making sure I'm"}, {"start": "00:15:16", "end": "00:15:22", "text": "positioned today uh with my risk"}, {"start": "00:15:19", "end": "00:15:24", "text": "appetite in check and I'm ready for all"}, {"start": "00:15:22", "end": "00:15:26", "text": "scenarios. And so I wanted to just kind"}, {"start": "00:15:24", "end": "00:15:29", "text": "of propose this to you. It's been a very"}, {"start": "00:15:26", "end": "00:15:30", "text": "rough cycle. However, I just think when"}, {"start": "00:15:29", "end": "00:15:33", "text": "you when you really look at the"}, {"start": "00:15:30", "end": "00:15:36", "text": "situation for what it is, it is an"}, {"start": "00:15:33", "end": "00:15:38", "text": "incredible opportunity in my opinion, as"}, {"start": "00:15:36", "end": "00:15:40", "text": "long as you're balancing your risk in"}, {"start": "00:15:38", "end": "00:15:41", "text": "whatever plays you're making. So,"}, {"start": "00:15:40", "end": "00:15:42", "text": "appreciate you watching today,"}, {"start": "00:15:41", "end": "00:15:44", "text": "everybody. If you're not a subscriber,"}, {"start": "00:15:42", "end": "00:15:46", "text": "please subscribe. Turn notifications on."}, {"start": "00:15:44", "end": "00:15:48", "text": "I'll see you in the next video. God"}, {"start": "00:15:46", "end": "00:15:48", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "Welcome back. So, today overall, US"}, {"start": "00:00:03", "end": "00:00:10", "text": "market did not do well. Red all around."}, {"start": "00:00:07", "end": "00:00:11", "text": "But, for Bitcoin and crypto, relatively"}, {"start": "00:00:10", "end": "00:00:13", "text": "well. Bitcoin is still holding right"}, {"start": "00:00:11", "end": "00:00:15", "text": "around 64,000."}, {"start": "00:00:13", "end": "00:00:17", "text": "Some of the alts a little bit lower, but"}, {"start": "00:00:15", "end": "00:00:19", "text": "overall, the stock market today was"}, {"start": "00:00:17", "end": "00:00:23", "text": "really, really red. So, we'll consider"}, {"start": "00:00:19", "end": "00:00:25", "text": "that a win. But, there are some big news"}, {"start": "00:00:23", "end": "00:00:27", "text": "I want to share. There's one sector in"}, {"start": "00:00:25", "end": "00:00:30", "text": "particular that's very, very hot. And I"}, {"start": "00:00:27", "end": "00:00:32", "text": "want to pinpoint one particular crypto"}, {"start": "00:00:30", "end": "00:00:36", "text": "that is benefiting a lot. But, there's"}, {"start": "00:00:32", "end": "00:00:39", "text": "also several big news right now about"}, {"start": "00:00:36", "end": "00:00:41", "text": "institutions getting involved. And I'm"}, {"start": "00:00:39", "end": "00:00:42", "text": "going to try to put it all together for"}, {"start": "00:00:41", "end": "00:00:45", "text": "you guys."}, {"start": "00:00:42", "end": "00:00:47", "text": "So, as you can see right now, Bitcoin is"}, {"start": "00:00:45", "end": "00:00:48", "text": "sitting right around 64,000. And"}, {"start": "00:00:47", "end": "00:00:52", "text": "overall,"}, {"start": "00:00:48", "end": "00:00:55", "text": "you know, slow recovery upwards, right?"}, {"start": "00:00:52", "end": "00:00:57", "text": "Uh so, it's only down about a percent, 1"}, {"start": "00:00:55", "end": "00:01:00", "text": "and 1/2% today. But, if you look, if I"}, {"start": "00:00:57", "end": "00:01:02", "text": "zoom out, you'll see the overall market"}, {"start": "00:01:00", "end": "00:01:05", "text": "today is just not good, man. Look at"}, {"start": "00:01:02", "end": "00:01:11", "text": "Sandisk, look at Dell, look at Micron,"}, {"start": "00:01:05", "end": "00:01:14", "text": "look at ARM, look at Robinhood down 8%."}, {"start": "00:01:11", "end": "00:01:17", "text": "It was a pretty bloody day for the US"}, {"start": "00:01:14", "end": "00:01:20", "text": "market, especially tech in general. So,"}, {"start": "00:01:17", "end": "00:01:23", "text": "we'll take this as a win. Uh Bitcoin not"}, {"start": "00:01:20", "end": "00:01:26", "text": "sliding back down to the low 60s, still"}, {"start": "00:01:23", "end": "00:01:28", "text": "holding around 64, right? And"}, {"start": "00:01:26", "end": "00:01:30", "text": "it could be good news, okay? Clarity"}, {"start": "00:01:28", "end": "00:01:32", "text": "Act."}, {"start": "00:01:30", "end": "00:01:35", "text": "This bill is supposed to be coming very,"}, {"start": "00:01:32", "end": "00:01:37", "text": "very soon. And this affects this whole"}, {"start": "00:01:35", "end": "00:01:39", "text": "this whole sector and why banks want to"}, {"start": "00:01:37", "end": "00:01:42", "text": "get involved as well, our financial"}, {"start": "00:01:39", "end": "00:01:45", "text": "institutions. So, this"}, {"start": "00:01:42", "end": "00:01:47", "text": "could be coming soon because Trump today"}, {"start": "00:01:45", "end": "00:01:50", "text": "is supposed to meet with the senators to"}, {"start": "00:01:47", "end": "00:01:53", "text": "discuss how to move forward. And the"}, {"start": "00:01:50", "end": "00:01:56", "text": "Clarity Act is all about consumer"}, {"start": "00:01:53", "end": "00:01:57", "text": "protection, regulation, and all the"}, {"start": "00:01:56", "end": "00:02:01", "text": "things that uh"}, {"start": "00:01:57", "end": "00:02:04", "text": "the entire space needs, okay? In order"}, {"start": "00:02:01", "end": "00:02:06", "text": "to mature and really grow. Because"}, {"start": "00:02:04", "end": "00:02:09", "text": "obviously, we had some bad actors, some"}, {"start": "00:02:06", "end": "00:02:11", "text": "black swan events has happened before,"}, {"start": "00:02:09", "end": "00:02:14", "text": "and this will prevent it, and this will"}, {"start": "00:02:11", "end": "00:02:18", "text": "cause more companies to jump in, get"}, {"start": "00:02:14", "end": "00:02:22", "text": "involved, and it should allow the entire"}, {"start": "00:02:18", "end": "00:02:24", "text": "crypto space to thrive. And and to"}, {"start": "00:02:22", "end": "00:02:26", "text": "innovate, right? This is why it's so"}, {"start": "00:02:24", "end": "00:02:28", "text": "important. So, this could be coming"}, {"start": "00:02:26", "end": "00:02:30", "text": "soon."}, {"start": "00:02:28", "end": "00:02:32", "text": "Maybe even tonight, maybe tomorrow, we"}, {"start": "00:02:30", "end": "00:02:35", "text": "could hear something that could be quite"}, {"start": "00:02:32", "end": "00:02:38", "text": "good, quite explosive, and then we could"}, {"start": "00:02:35", "end": "00:02:39", "text": "get that vote soon, okay? But outside of"}, {"start": "00:02:38", "end": "00:02:42", "text": "this, there are other things. For"}, {"start": "00:02:39", "end": "00:02:44", "text": "example, E*TRADE,"}, {"start": "00:02:42", "end": "00:02:45", "text": "a big brokerage, okay?"}, {"start": "00:02:44", "end": "00:02:47", "text": "Uh [snorts]"}, {"start": "00:02:45", "end": "00:02:49", "text": "owned by Morgan Stanley, a big"}, {"start": "00:02:47", "end": "00:02:51", "text": "investment bank,"}, {"start": "00:02:49", "end": "00:02:53", "text": "now launches spot crypto trading. So,"}, {"start": "00:02:51", "end": "00:02:55", "text": "they're getting involved,"}, {"start": "00:02:53", "end": "00:02:57", "text": "okay? And obviously, they and everyone"}, {"start": "00:02:55", "end": "00:02:58", "text": "else"}, {"start": "00:02:57", "end": "00:03:02", "text": "getting involved with"}, {"start": "00:02:58", "end": "00:03:04", "text": "ETFs, with custody, with everything. But"}, {"start": "00:03:02", "end": "00:03:08", "text": "everyone wants a piece. Everyone wants"}, {"start": "00:03:04", "end": "00:03:10", "text": "to get involved in some way, whether"}, {"start": "00:03:08", "end": "00:03:12", "text": "it's ETFs"}, {"start": "00:03:10", "end": "00:03:15", "text": "or offering"}, {"start": "00:03:12", "end": "00:03:18", "text": "custody or"}, {"start": "00:03:15", "end": "00:03:19", "text": "I don't know, active management."}, {"start": "00:03:18", "end": "00:03:22", "text": "There are so many things, and then you"}, {"start": "00:03:19", "end": "00:03:27", "text": "see this,"}, {"start": "00:03:22", "end": "00:03:27", "text": "a 1.9 trillion asset manager that"}, {"start": "00:03:27", "end": "00:03:32", "text": "that is also getting involved with a"}, {"start": "00:03:29", "end": "00:03:35", "text": "multi-token crypto ETF."}, {"start": "00:03:32", "end": "00:03:38", "text": "Industry's first active managed"}, {"start": "00:03:35", "end": "00:03:40", "text": "multi-token spot crypto ETF, offering"}, {"start": "00:03:38", "end": "00:03:43", "text": "diversified exposure to digital assets."}, {"start": "00:03:40", "end": "00:03:45", "text": "So, as you can see, these big companies"}, {"start": "00:03:43", "end": "00:03:47", "text": "are jumping in, right? So, right now,"}, {"start": "00:03:45", "end": "00:03:49", "text": "you look at the headlines, there are a"}, {"start": "00:03:47", "end": "00:03:51", "text": "lot of headlines, a lot of scared"}, {"start": "00:03:49", "end": "00:03:53", "text": "people, a lot of fud. Only contrarian"}, {"start": "00:03:51", "end": "00:03:55", "text": "price, ignoring all this, but just think"}, {"start": "00:03:53", "end": "00:03:56", "text": "about it. Why are these big banks and"}, {"start": "00:03:55", "end": "00:03:59", "text": "asset managers and financial"}, {"start": "00:03:56", "end": "00:04:01", "text": "institutions jumping in if crypto is"}, {"start": "00:03:59", "end": "00:04:04", "text": "really dead?"}, {"start": "00:04:01", "end": "00:04:05", "text": "Like why would they even bother?"}, {"start": "00:04:04", "end": "00:04:08", "text": "Right?"}, {"start": "00:04:05", "end": "00:04:10", "text": "They must know something. They must know"}, {"start": "00:04:08", "end": "00:04:14", "text": "that this is temporary. A lot of us"}, {"start": "00:04:10", "end": "00:04:14", "text": "already know that."}, {"start": "00:04:14", "end": "00:04:18", "text": "They know that this is the time to be"}, {"start": "00:04:16", "end": "00:04:21", "text": "getting in building that foundation"}, {"start": "00:04:18", "end": "00:04:23", "text": "building the base so you could thrive"}, {"start": "00:04:21", "end": "00:04:25", "text": "when things turn around."}, {"start": "00:04:23", "end": "00:04:27", "text": "Right? And there are many reasons. The"}, {"start": "00:04:25", "end": "00:04:29", "text": "clarity bill is a big reason."}, {"start": "00:04:27", "end": "00:04:32", "text": "Right? But there are many other reasons."}, {"start": "00:04:29", "end": "00:04:35", "text": "For example, this. This is the sector I"}, {"start": "00:04:32", "end": "00:04:36", "text": "want to talk about tokenization."}, {"start": "00:04:35", "end": "00:04:39", "text": "Tokenizing"}, {"start": "00:04:36", "end": "00:04:41", "text": "stocks for example"}, {"start": "00:04:39", "end": "00:04:43", "text": "is becoming a big thing. That's another"}, {"start": "00:04:41", "end": "00:04:45", "text": "reason why"}, {"start": "00:04:43", "end": "00:04:47", "text": "people want to offer like crypto"}, {"start": "00:04:45", "end": "00:04:49", "text": "services."}, {"start": "00:04:47", "end": "00:04:52", "text": "Okay? Or crypto trading"}, {"start": "00:04:49", "end": "00:04:54", "text": "because now there's tokenized"}, {"start": "00:04:52", "end": "00:04:58", "text": "ETFs like QQQ which are very very"}, {"start": "00:04:54", "end": "00:05:00", "text": "popular and there are many others. 50"}, {"start": "00:04:58", "end": "00:05:02", "text": "other plus firms."}, {"start": "00:05:00", "end": "00:05:05", "text": "Right? And it goes both ways. You can"}, {"start": "00:05:02", "end": "00:05:07", "text": "tokenize like Robinhood and you can"}, {"start": "00:05:05", "end": "00:05:09", "text": "tokenize"}, {"start": "00:05:07", "end": "00:05:11", "text": "like many different crypto from other"}, {"start": "00:05:09", "end": "00:05:12", "text": "countries or many"}, {"start": "00:05:11", "end": "00:05:14", "text": "Sorry, many different stocks from other"}, {"start": "00:05:12", "end": "00:05:16", "text": "countries and and they could be"}, {"start": "00:05:14", "end": "00:05:19", "text": "tradeable here and vice versa. Like the"}, {"start": "00:05:16", "end": "00:05:22", "text": "US companies can be tokenized and trade"}, {"start": "00:05:19", "end": "00:05:23", "text": "over there and not only stocks, bonds,"}, {"start": "00:05:22", "end": "00:05:26", "text": "yield"}, {"start": "00:05:23", "end": "00:05:29", "text": "just anything. Even gold, silver,"}, {"start": "00:05:26", "end": "00:05:33", "text": "commodities."}, {"start": "00:05:29", "end": "00:05:34", "text": "So it's a big big part of these firms"}, {"start": "00:05:33", "end": "00:05:36", "text": "future."}, {"start": "00:05:34", "end": "00:05:38", "text": "Okay? They don't want to miss it. They"}, {"start": "00:05:36", "end": "00:05:42", "text": "don't want to miss it. Here's another"}, {"start": "00:05:38", "end": "00:05:45", "text": "one. Tradable's $1 stellar deal as"}, {"start": "00:05:42", "end": "00:05:46", "text": "institutional tokenization boom."}, {"start": "00:05:45", "end": "00:05:49", "text": "Right?"}, {"start": "00:05:46", "end": "00:05:51", "text": "Private credit assets, that's another"}, {"start": "00:05:49", "end": "00:05:54", "text": "one."}, {"start": "00:05:51", "end": "00:05:56", "text": "So, as you can see, tokenization"}, {"start": "00:05:54", "end": "00:05:58", "text": "is absolutely huge. It's going to be a"}, {"start": "00:05:56", "end": "00:06:00", "text": "big part"}, {"start": "00:05:58", "end": "00:06:02", "text": "of crypto's future."}, {"start": "00:06:00", "end": "00:06:05", "text": "This is another reason why a lot of"}, {"start": "00:06:02", "end": "00:06:07", "text": "people want to get in. And"}, {"start": "00:06:05", "end": "00:06:12", "text": "outside of outside of"}, {"start": "00:06:07", "end": "00:06:15", "text": "um tokenization, you have stable coins."}, {"start": "00:06:12", "end": "00:06:17", "text": "Stable coins generate a ton of fees."}, {"start": "00:06:15", "end": "00:06:19", "text": "Look at USDT, how rich they are. Same"}, {"start": "00:06:17", "end": "00:06:22", "text": "thing with USDC."}, {"start": "00:06:19", "end": "00:06:25", "text": "Okay? So, now you have"}, {"start": "00:06:22", "end": "00:06:28", "text": "these new ones like OpenUSD, and then"}, {"start": "00:06:25", "end": "00:06:31", "text": "Trump has his own, and there are others"}, {"start": "00:06:28", "end": "00:06:33", "text": "out there. Right? They all want a piece"}, {"start": "00:06:31", "end": "00:06:35", "text": "of the pie. And Clarity Act also makes"}, {"start": "00:06:33", "end": "00:06:38", "text": "it possible. We already have stable the"}, {"start": "00:06:35", "end": "00:06:41", "text": "the genius bill that helps with this,"}, {"start": "00:06:38", "end": "00:06:44", "text": "but the Clarity bill would add even more"}, {"start": "00:06:41", "end": "00:06:49", "text": "will evolve this more, let's say. Okay?"}, {"start": "00:06:44", "end": "00:06:51", "text": "So, everyone wants a piece. BitPay"}, {"start": "00:06:49", "end": "00:06:52", "text": "wants to expand into stable coin"}, {"start": "00:06:51", "end": "00:06:54", "text": "payments."}, {"start": "00:06:52", "end": "00:06:56", "text": "Right? They got their MiCA license,"}, {"start": "00:06:54", "end": "00:06:58", "text": "which is very, very hard to do. A lot of"}, {"start": "00:06:56", "end": "00:07:00", "text": "changes not able to. And then also,"}, {"start": "00:06:58", "end": "00:07:03", "text": "recently I covered this. Why do you"}, {"start": "00:07:00", "end": "00:07:04", "text": "think Stripe is trying to buy PayPal?"}, {"start": "00:07:03", "end": "00:07:07", "text": "Right?"}, {"start": "00:07:04", "end": "00:07:11", "text": "Because PayPal has their own stable"}, {"start": "00:07:07", "end": "00:07:11", "text": "coin, PYUSD."}, {"start": "00:07:12", "end": "00:07:16", "text": "So, they instantly get that, and then"}, {"start": "00:07:14", "end": "00:07:19", "text": "also PayPal's infrastructure, which is"}, {"start": "00:07:16", "end": "00:07:22", "text": "huge. And again, to wallets and digital"}, {"start": "00:07:19", "end": "00:07:24", "text": "payments and all these other things. So,"}, {"start": "00:07:22", "end": "00:07:27", "text": "all these guys are getting involved."}, {"start": "00:07:24", "end": "00:07:31", "text": "Payment processors, financial"}, {"start": "00:07:27", "end": "00:07:33", "text": "institutions, financial companies,"}, {"start": "00:07:31", "end": "00:07:35", "text": "brokerages,"}, {"start": "00:07:33", "end": "00:07:37", "text": "you name it, they're all trying to get"}, {"start": "00:07:35", "end": "00:07:41", "text": "involved. So, this is going to be a big"}, {"start": "00:07:37", "end": "00:07:44", "text": "part of the future. So,"}, {"start": "00:07:41", "end": "00:07:45", "text": "I decided to ask Clash"}, {"start": "00:07:44", "end": "00:07:48", "text": "best"}, {"start": "00:07:45", "end": "00:07:49", "text": "best chain coins for tokenization."}, {"start": "00:07:48", "end": "00:07:50", "text": "Okay."}, {"start": "00:07:49", "end": "00:07:52", "text": "So,"}, {"start": "00:07:50", "end": "00:07:55", "text": "Ethereum still remains at top. This is"}, {"start": "00:07:52", "end": "00:07:58", "text": "the reason why Tom Lee still loves"}, {"start": "00:07:55", "end": "00:08:00", "text": "Ethereum and continues to buy because of"}, {"start": "00:07:58", "end": "00:08:01", "text": "RWA."}, {"start": "00:08:00", "end": "00:08:04", "text": "Okay."}, {"start": "00:08:01", "end": "00:08:05", "text": "It has a really good developer ecosystem"}, {"start": "00:08:04", "end": "00:08:07", "text": "and base"}, {"start": "00:08:05", "end": "00:08:09", "text": "and liquidity depth, low transaction"}, {"start": "00:08:07", "end": "00:08:12", "text": "costs, relatively throughput, but you"}, {"start": "00:08:09", "end": "00:08:13", "text": "know, that's still Solana is still cited"}, {"start": "00:08:12", "end": "00:08:16", "text": "as a top contender. This is why I like"}, {"start": "00:08:13", "end": "00:08:18", "text": "Solana, so"}, {"start": "00:08:16", "end": "00:08:20", "text": "obviously, right? But Stellar just got"}, {"start": "00:08:18", "end": "00:08:23", "text": "done mentioning that 1 billion private"}, {"start": "00:08:20", "end": "00:08:26", "text": "credit to Stellar is absolutely huge."}, {"start": "00:08:23", "end": "00:08:28", "text": "XRP ledger, a lot of people love XRP,"}, {"start": "00:08:26", "end": "00:08:30", "text": "but they're also doing it."}, {"start": "00:08:28", "end": "00:08:32", "text": "ETF institutional adoption pressure,"}, {"start": "00:08:30", "end": "00:08:35", "text": "Robinhood chain, the newest kid on the"}, {"start": "00:08:32", "end": "00:08:37", "text": "block, same thing."}, {"start": "00:08:35", "end": "00:08:40", "text": "They want to concentrate on RWA. They"}, {"start": "00:08:37", "end": "00:08:42", "text": "want to concentrate on tokenizing"}, {"start": "00:08:40", "end": "00:08:45", "text": "stocks."}, {"start": "00:08:42", "end": "00:08:47", "text": "And they got 3 billion decks volume in"}, {"start": "00:08:45", "end": "00:08:48", "text": "the first week, which is crazy. But you"}, {"start": "00:08:47", "end": "00:08:50", "text": "know, going down here, some of the RWA"}, {"start": "00:08:48", "end": "00:08:51", "text": "plays"}, {"start": "00:08:50", "end": "00:08:53", "text": "Ondo"}, {"start": "00:08:51", "end": "00:08:56", "text": "Okay, Chainlink, Quant, Pendle. I was"}, {"start": "00:08:53", "end": "00:08:59", "text": "looking at Ondo."}, {"start": "00:08:56", "end": "00:09:01", "text": "Right? Doing very well."}, {"start": "00:08:59", "end": "00:09:06", "text": "They're partnered up with SBI. This is"}, {"start": "00:09:01", "end": "00:09:09", "text": "all like recent recent stuff. So,"}, {"start": "00:09:06", "end": "00:09:11", "text": "I decided to use"}, {"start": "00:09:09", "end": "00:09:13", "text": "the new coin compare that I added on"}, {"start": "00:09:11", "end": "00:09:17", "text": "uh Market Cap here."}, {"start": "00:09:13", "end": "00:09:18", "text": "So, Ondo, BTC,"}, {"start": "00:09:17", "end": "00:09:19", "text": "ETH"}, {"start": "00:09:18", "end": "00:09:21", "text": "performance."}, {"start": "00:09:19", "end": "00:09:25", "text": "And Ondo"}, {"start": "00:09:21", "end": "00:09:27", "text": "does not disappoint, okay? 24 hours"}, {"start": "00:09:25", "end": "00:09:30", "text": "down less than even Bitcoin and ETH."}, {"start": "00:09:27", "end": "00:09:33", "text": "Look at 7-day performance."}, {"start": "00:09:30", "end": "00:09:35", "text": "Plus 15% versus 1 and 6."}, {"start": "00:09:33", "end": "00:09:37", "text": "30-day"}, {"start": "00:09:35", "end": "00:09:39", "text": "not so much. ETH is still leading, but"}, {"start": "00:09:37", "end": "00:09:43", "text": "go look at 90 days. This is the"}, {"start": "00:09:39", "end": "00:09:48", "text": "storyteller. Plus 35% over the last 3"}, {"start": "00:09:43", "end": "00:09:51", "text": "months. Bitcoin down 17%, ETH down 23%."}, {"start": "00:09:48", "end": "00:09:53", "text": "Right? So, this goes to show you Ondo"}, {"start": "00:09:51", "end": "00:09:56", "text": "and coins"}, {"start": "00:09:53", "end": "00:09:59", "text": "that have real utility, that's making"}, {"start": "00:09:56", "end": "00:10:02", "text": "real partnerships, okay?"}, {"start": "00:09:59", "end": "00:10:04", "text": "Uh they are standing out. They're"}, {"start": "00:10:02", "end": "00:10:06", "text": "standing on their own. They're deviating"}, {"start": "00:10:04", "end": "00:10:09", "text": "from ETH and Bitcoin."}, {"start": "00:10:06", "end": "00:10:11", "text": "Not totally. Obviously, if Bitcoin"}, {"start": "00:10:09", "end": "00:10:14", "text": "falls, it pulls an entire sector down,"}, {"start": "00:10:11", "end": "00:10:16", "text": "and when Bitcoin goes up, the vice the"}, {"start": "00:10:14", "end": "00:10:20", "text": "the opposite happens, but"}, {"start": "00:10:16", "end": "00:10:22", "text": "goes to show you that strong coins"}, {"start": "00:10:20", "end": "00:10:26", "text": "make"}, {"start": "00:10:22", "end": "00:10:28", "text": "Well, let's just say strong projects"}, {"start": "00:10:26", "end": "00:10:30", "text": "make a difference, okay? And we're"}, {"start": "00:10:28", "end": "00:10:33", "text": "starting to see some of these stand out"}, {"start": "00:10:30", "end": "00:10:35", "text": "on their own. So, absolutely fantastic."}, {"start": "00:10:33", "end": "00:10:37", "text": "All right. That's pretty much it. That's"}, {"start": "00:10:35", "end": "00:10:41", "text": "what I want to cover. Despite the fact"}, {"start": "00:10:37", "end": "00:10:43", "text": "that you have a lot of fud,"}, {"start": "00:10:41", "end": "00:10:46", "text": "okay? We still have a lot of great"}, {"start": "00:10:43", "end": "00:10:51", "text": "things in the space. This is why all"}, {"start": "00:10:46", "end": "00:10:51", "text": "these big boys want to jump in."}, {"start": "00:10:51", "end": "00:10:56", "text": "Oh, lastly, uh I did show you guys this,"}, {"start": "00:10:54", "end": "00:10:58", "text": "but the for you page, which a lot of you"}, {"start": "00:10:56", "end": "00:11:00", "text": "guys do use, right? Obviously, it gives"}, {"start": "00:10:58", "end": "00:11:03", "text": "you a really good overview of what's"}, {"start": "00:11:00", "end": "00:11:04", "text": "going on with with the briefing, some of"}, {"start": "00:11:03", "end": "00:11:07", "text": "the things that matter, some of the"}, {"start": "00:11:04", "end": "00:11:10", "text": "things to watch, right? And obviously,"}, {"start": "00:11:07", "end": "00:11:12", "text": "portfolio, watch list, all the news and"}, {"start": "00:11:10", "end": "00:11:13", "text": "stuff. But, this is mostly catering to"}, {"start": "00:11:12", "end": "00:11:16", "text": "investors and crypto investors, right? I"}, {"start": "00:11:13", "end": "00:11:18", "text": "know most of you guys are, if not all."}, {"start": "00:11:16", "end": "00:11:20", "text": "But, I decided to add a few more. So, if"}, {"start": "00:11:18", "end": "00:11:23", "text": "you are sports fan, there is a dedicated"}, {"start": "00:11:20", "end": "00:11:25", "text": "one just for sports."}, {"start": "00:11:23", "end": "00:11:28", "text": "And then, there's a dedicated one called"}, {"start": "00:11:25", "end": "00:11:31", "text": "builder just for people that love AI and"}, {"start": "00:11:28", "end": "00:11:34", "text": "love to build. And you guys know that I"}, {"start": "00:11:31", "end": "00:11:36", "text": "am totally addicted, but the big thing"}, {"start": "00:11:34", "end": "00:11:39", "text": "for today is Moonshot"}, {"start": "00:11:36", "end": "00:11:42", "text": "Kimmy K3, which is an open weight LLM,"}, {"start": "00:11:39", "end": "00:11:46", "text": "and it is very, very strong. But, if you"}, {"start": "00:11:42", "end": "00:11:48", "text": "scroll down, it's dedicated to"}, {"start": "00:11:46", "end": "00:11:52", "text": "uh like this one for builders. There's"}, {"start": "00:11:48", "end": "00:11:55", "text": "GitHub updates for all the CLIs, some"}, {"start": "00:11:52", "end": "00:11:56", "text": "research papers, so and articles. So,"}, {"start": "00:11:55", "end": "00:11:57", "text": "it's a little bit different. As sports"}, {"start": "00:11:56", "end": "00:11:59", "text": "fans,"}, {"start": "00:11:57", "end": "00:12:02", "text": "you know, there's a schedule, and this"}, {"start": "00:11:59", "end": "00:12:03", "text": "is all configurable if you sign up. And"}, {"start": "00:12:02", "end": "00:12:06", "text": "obviously, if you have the higher tiers,"}, {"start": "00:12:03", "end": "00:12:08", "text": "you get even more. But, just wanted to"}, {"start": "00:12:06", "end": "00:12:10", "text": "show you guys"}, {"start": "00:12:08", "end": "00:12:15", "text": "some of the cool things that I am still"}, {"start": "00:12:10", "end": "00:12:17", "text": "building on Ask Clash. And little update"}, {"start": "00:12:15", "end": "00:12:18", "text": "on the game that I've been talking"}, {"start": "00:12:17", "end": "00:12:21", "text": "about. So,"}, {"start": "00:12:18", "end": "00:12:22", "text": "just to show you guys the details and"}, {"start": "00:12:21", "end": "00:12:24", "text": "what it looks like, and it's coming out"}, {"start": "00:12:22", "end": "00:12:27", "text": "pretty good."}, {"start": "00:12:24", "end": "00:12:28", "text": "All right, guys. That is it."}, {"start": "00:12:27", "end": "00:12:30", "text": "HODL."}, {"start": "00:12:28", "end": "00:12:32", "text": "Stay strong. DCA, and I'll see you guys"}, {"start": "00:12:30", "end": "00:12:35", "text": "tomorrow. All right? Have a good one."}, {"start": "00:12:32", "end": "00:12:35", "text": "Bye-bye."}]

[{"start": "00:00:03", "end": "00:00:08", "text": "Welcome back to Cryptos Are Us. I'm"}, {"start": "00:00:06", "end": "00:00:10", "text": "George."}, {"start": "00:00:08", "end": "00:00:15", "text": "We're all George. Welcome to another"}, {"start": "00:00:10", "end": "00:00:17", "text": "market open stream. Today"}, {"start": "00:00:15", "end": "00:00:20", "text": "is looking mixed. Okay, yesterday we had"}, {"start": "00:00:17", "end": "00:00:23", "text": "a fantastic day for Bitcoin. Okay, even"}, {"start": "00:00:20", "end": "00:00:26", "text": "though stocks sold off. So, that's a"}, {"start": "00:00:23", "end": "00:00:29", "text": "good sign. Very good sign. Today, let's"}, {"start": "00:00:26", "end": "00:00:31", "text": "see what's going to happen. The big"}, {"start": "00:00:29", "end": "00:00:34", "text": "topic is institutions are buying the"}, {"start": "00:00:31", "end": "00:00:36", "text": "dip. Are you?"}, {"start": "00:00:34", "end": "00:00:40", "text": "So, let's talk about all these things"}, {"start": "00:00:36", "end": "00:00:44", "text": "and more. All right, let's do it guys."}, {"start": "00:00:40", "end": "00:00:47", "text": "Let's do it. Welcome, welcome, welcome."}, {"start": "00:00:44", "end": "00:00:50", "text": "We are starting on day 643. That's not"}, {"start": "00:00:47", "end": "00:00:52", "text": "bad. Yesterday, we went up even higher"}, {"start": "00:00:50", "end": "00:00:56", "text": "to 58."}, {"start": "00:00:52", "end": "00:00:58", "text": "No, 58. What am I talking about? Uh 658."}, {"start": "00:00:56", "end": "00:01:00", "text": "That's what I meant."}, {"start": "00:00:58", "end": "00:01:03", "text": "uh almost to 66,000. So, we're kind of"}, {"start": "00:01:00", "end": "00:01:05", "text": "hovering, but this is good because"}, {"start": "00:01:03", "end": "00:01:08", "text": "yesterday we had a pretty bad day for"}, {"start": "00:01:05", "end": "00:01:11", "text": "the US market for tech. So, we'll see if"}, {"start": "00:01:08", "end": "00:01:13", "text": "that continues today. We did get a"}, {"start": "00:01:11", "end": "00:01:17", "text": "couple obviously really good inflation"}, {"start": "00:01:13", "end": "00:01:20", "text": "readings earlier this week on Tuesday"}, {"start": "00:01:17", "end": "00:01:23", "text": "and yesterday"}, {"start": "00:01:20", "end": "00:01:26", "text": "and that definitely uh lifted spirits"}, {"start": "00:01:23", "end": "00:01:29", "text": "and brought some money in. But yesterday"}, {"start": "00:01:26", "end": "00:01:31", "text": "we had more war escalation."}, {"start": "00:01:29", "end": "00:01:33", "text": "So, and today there's a little bit more"}, {"start": "00:01:31", "end": "00:01:35", "text": "of that. So, you could see NASDAQ is"}, {"start": "00:01:33", "end": "00:01:37", "text": "starting on the red. Also, Asia sold"}, {"start": "00:01:35", "end": "00:01:39", "text": "off. I'll get to that in a little bit."}, {"start": "00:01:37", "end": "00:01:41", "text": "But right now, there are still a lot of"}, {"start": "00:01:39", "end": "00:01:43", "text": "threats. Even though I'm hearing we are"}, {"start": "00:01:41", "end": "00:01:45", "text": "doing strikes, I guess they're kind of"}, {"start": "00:01:43", "end": "00:01:48", "text": "like,"}, {"start": "00:01:45", "end": "00:01:51", "text": "you know, precursor strikes, not like"}, {"start": "00:01:48", "end": "00:01:56", "text": "real strikes, not like hitting bridges"}, {"start": "00:01:51", "end": "00:01:59", "text": "and energy infrastructure as Trump has"}, {"start": "00:01:56", "end": "00:02:01", "text": "uh threatened before with. So right now,"}, {"start": "00:01:59", "end": "00:02:03", "text": "it's like, yeah, we're doing attacks,"}, {"start": "00:02:01", "end": "00:02:07", "text": "but not the serious attacks. And Trump"}, {"start": "00:02:03", "end": "00:02:10", "text": "is still giving Iran like another week"}, {"start": "00:02:07", "end": "00:02:12", "text": "before that happens. and Iran warns that"}, {"start": "00:02:10", "end": "00:02:16", "text": "if that does happen, they will"}, {"start": "00:02:12", "end": "00:02:17", "text": "retaliate. So,"}, {"start": "00:02:16", "end": "00:02:20", "text": "you know, right now it's just it's still"}, {"start": "00:02:17", "end": "00:02:23", "text": "kind of weird. It's it's just really"}, {"start": "00:02:20", "end": "00:02:27", "text": "weird. Supposedly, the ceasefire is off."}, {"start": "00:02:23", "end": "00:02:29", "text": "Whatever's happening, you know, US or"}, {"start": "00:02:27", "end": "00:02:32", "text": "Iran or whatever, both sides is not"}, {"start": "00:02:29", "end": "00:02:35", "text": "liking. They're still threatening. Seems"}, {"start": "00:02:32", "end": "00:02:36", "text": "like no serious attacks have been made,"}, {"start": "00:02:35", "end": "00:02:38", "text": "right? and there's just like all this"}, {"start": "00:02:36", "end": "00:02:40", "text": "endless threats"}, {"start": "00:02:38", "end": "00:02:44", "text": "back and forth"}, {"start": "00:02:40", "end": "00:02:46", "text": "and uh and it's hard to say what's"}, {"start": "00:02:44", "end": "00:02:49", "text": "really happening. Now, Trump did tweet"}, {"start": "00:02:46", "end": "00:02:50", "text": "this out saying that they allowed"}, {"start": "00:02:49", "end": "00:02:53", "text": "American citizen who was wrongly"}, {"start": "00:02:50", "end": "00:02:55", "text": "detained in 2024"}, {"start": "00:02:53", "end": "00:02:57", "text": "and uh"}, {"start": "00:02:55", "end": "00:02:59", "text": "and he's saying that this is like, you"}, {"start": "00:02:57", "end": "00:03:02", "text": "know, in good good faith that they"}, {"start": "00:02:59", "end": "00:03:04", "text": "released this prisoner, but"}, {"start": "00:03:02", "end": "00:03:06", "text": "you know, I I don't know if this really"}, {"start": "00:03:04", "end": "00:03:09", "text": "means anything. And Trump has been"}, {"start": "00:03:06", "end": "00:03:11", "text": "saying that he's been getting calls and"}, {"start": "00:03:09", "end": "00:03:13", "text": "they want to make a deal, but we've have"}, {"start": "00:03:11", "end": "00:03:16", "text": "heard that before. Is he really getting"}, {"start": "00:03:13", "end": "00:03:23", "text": "calls? Where are they from? I got just a"}, {"start": "00:03:16", "end": "00:03:23", "text": "lot of unknowns at this point."}, {"start": "00:03:24", "end": "00:03:31", "text": "One thing's for certain, someone is"}, {"start": "00:03:26", "end": "00:03:33", "text": "still living in Trump's head run free"}, {"start": "00:03:31", "end": "00:03:37", "text": "by the look of this tweet. He's not"}, {"start": "00:03:33", "end": "00:03:40", "text": "letting that go. All right. So, this is"}, {"start": "00:03:37", "end": "00:03:44", "text": "what's causing uh causing a little red,"}, {"start": "00:03:40", "end": "00:03:47", "text": "a little selloff. Uh obviously"}, {"start": "00:03:44", "end": "00:03:50", "text": "people don't like that oil is coming"}, {"start": "00:03:47", "end": "00:03:54", "text": "back up. That means you know what"}, {"start": "00:03:50", "end": "00:03:56", "text": "inflation is going to rise once again."}, {"start": "00:03:54", "end": "00:03:59", "text": "Hopefully not. We just had two really"}, {"start": "00:03:56", "end": "00:04:01", "text": "good inflation readings. CPI and PBI"}, {"start": "00:03:59", "end": "00:04:04", "text": "both showed inflation coming down in a"}, {"start": "00:04:01", "end": "00:04:07", "text": "drastic way. It it looked like they"}, {"start": "00:04:04", "end": "00:04:10", "text": "saved us from having a rate hike this"}, {"start": "00:04:07", "end": "00:04:13", "text": "this FOMC meeting. As bad as that"}, {"start": "00:04:10", "end": "00:04:16", "text": "sounds. Yeah, it looked the percentages"}, {"start": "00:04:13", "end": "00:04:18", "text": "was actually in the favor of rate hike,"}, {"start": "00:04:16", "end": "00:04:22", "text": "but the drastic falls in both"}, {"start": "00:04:18", "end": "00:04:25", "text": "measurements kind of alleviated that."}, {"start": "00:04:22", "end": "00:04:27", "text": "But still more war, more oil or"}, {"start": "00:04:25", "end": "00:04:30", "text": "possibility of oil climbing back up is"}, {"start": "00:04:27", "end": "00:04:32", "text": "no good for inflation. So, uh, and you"}, {"start": "00:04:30", "end": "00:04:34", "text": "could see South Korea just had another"}, {"start": "00:04:32", "end": "00:04:36", "text": "circuit breaker. They seem to have it"}, {"start": "00:04:34", "end": "00:04:41", "text": "like almost every single day. Samsung"}, {"start": "00:04:36", "end": "00:04:44", "text": "fell down 9% and others SK Highix down"}, {"start": "00:04:41", "end": "00:04:47", "text": "11%. I mean it's a total meme market in"}, {"start": "00:04:44", "end": "00:04:51", "text": "South Korea and most of Asia tends to"}, {"start": "00:04:47", "end": "00:04:53", "text": "follow it. Taiwan and Japan and others."}, {"start": "00:04:51", "end": "00:04:58", "text": "It's kind of crazy,"}, {"start": "00:04:53", "end": "00:05:02", "text": "right? But CZ has a good"}, {"start": "00:04:58", "end": "00:05:04", "text": "good tweet for us. AI is great, but it"}, {"start": "00:05:02", "end": "00:05:07", "text": "does not protect you against inflation."}, {"start": "00:05:04", "end": "00:05:12", "text": "Bitcoin does."}, {"start": "00:05:07", "end": "00:05:15", "text": "That is right. As good as AI is and as"}, {"start": "00:05:12", "end": "00:05:19", "text": "much focus there is on AI and everything"}, {"start": "00:05:15", "end": "00:05:23", "text": "else, right? You need hard assets like"}, {"start": "00:05:19", "end": "00:05:26", "text": "Bitcoin to protect your wealth from"}, {"start": "00:05:23", "end": "00:05:31", "text": "inflation."}, {"start": "00:05:26", "end": "00:05:34", "text": "So just remember that all this war"}, {"start": "00:05:31", "end": "00:05:36", "text": "that's happening, the budgets, the money"}, {"start": "00:05:34", "end": "00:05:40", "text": "that are being spent on it, where is it"}, {"start": "00:05:36", "end": "00:05:43", "text": "coming from? No one really knows."}, {"start": "00:05:40", "end": "00:05:45", "text": "Just magically appears when someone"}, {"start": "00:05:43", "end": "00:05:48", "text": "types in more numbers into the computer"}, {"start": "00:05:45", "end": "00:05:50", "text": "and says, \"We have it. We can spend it.\""}, {"start": "00:05:48", "end": "00:05:53", "text": "And then they figure out later by trying"}, {"start": "00:05:50", "end": "00:05:54", "text": "to issue more bonds, trying to raise"}, {"start": "00:05:53", "end": "00:05:58", "text": "taxes,"}, {"start": "00:05:54", "end": "00:06:00", "text": "trying to print more money, all these"}, {"start": "00:05:58", "end": "00:06:02", "text": "things."}, {"start": "00:06:00", "end": "00:06:06", "text": "They debase the currency. And that's why"}, {"start": "00:06:02", "end": "00:06:09", "text": "we ultimately never will stop inflation."}, {"start": "00:06:06", "end": "00:06:11", "text": "It will always go up. Deficits will"}, {"start": "00:06:09", "end": "00:06:13", "text": "always go up. And that's why you need"}, {"start": "00:06:11", "end": "00:06:15", "text": "hard assets like Bitcoin. And nothing"}, {"start": "00:06:13", "end": "00:06:19", "text": "has outperformed Bitcoin over a long"}, {"start": "00:06:15", "end": "00:06:19", "text": "haul. Nothing."}, {"start": "00:06:20", "end": "00:06:28", "text": "Uh speaking of uh AI, Nvidia making a"}, {"start": "00:06:24", "end": "00:06:30", "text": "lot of news. Unveals a new AI model."}, {"start": "00:06:28", "end": "00:06:33", "text": "Okay, interesting."}, {"start": "00:06:30", "end": "00:06:35", "text": "Something called Cosmos 3 Edge. There's"}, {"start": "00:06:33", "end": "00:06:37", "text": "been a lot of models like I guess you"}, {"start": "00:06:35", "end": "00:06:42", "text": "know LML models a little bit different"}, {"start": "00:06:37", "end": "00:06:45", "text": "but uh Nvidia CEO Jensen Hu also met"}, {"start": "00:06:42", "end": "00:06:47", "text": "with the Sega CEO. That guy has been"}, {"start": "00:06:45", "end": "00:06:50", "text": "around forever."}, {"start": "00:06:47", "end": "00:06:52", "text": "Okay. And Jensen has said that without"}, {"start": "00:06:50", "end": "00:06:56", "text": "Sega taking a chance with him back in"}, {"start": "00:06:52", "end": "00:06:59", "text": "the day, if Sega did not give them that"}, {"start": "00:06:56", "end": "00:07:02", "text": "five million he asked for,"}, {"start": "00:06:59", "end": "00:07:08", "text": "they would have gone bankrupt, right?"}, {"start": "00:07:02", "end": "00:07:10", "text": "So, he owes the CEO of Sega a lot and it"}, {"start": "00:07:08", "end": "00:07:13", "text": "seems like they're good friends. And and"}, {"start": "00:07:10", "end": "00:07:14", "text": "that story is really heart touching and"}, {"start": "00:07:13", "end": "00:07:18", "text": "you don't really hear about that in"}, {"start": "00:07:14", "end": "00:07:22", "text": "business. maybe just with Japan, but"}, {"start": "00:07:18", "end": "00:07:24", "text": "Jensen said that at that time"}, {"start": "00:07:22", "end": "00:07:28", "text": "it was something that he was developing"}, {"start": "00:07:24", "end": "00:07:30", "text": "for Sega and he ran out of money"}, {"start": "00:07:28", "end": "00:07:32", "text": "and he went to the CEO and said that,"}, {"start": "00:07:30", "end": "00:07:35", "text": "\"Hey, I need you to give me 5 million so"}, {"start": "00:07:32", "end": "00:07:38", "text": "I can complete this.\" But to be totally"}, {"start": "00:07:35", "end": "00:07:39", "text": "transparent, there's a really good"}, {"start": "00:07:38", "end": "00:07:41", "text": "chance that we don't finish it and we're"}, {"start": "00:07:39", "end": "00:07:45", "text": "going to go bankrupt anyways, even if"}, {"start": "00:07:41", "end": "00:07:48", "text": "you give us this money."}, {"start": "00:07:45", "end": "00:07:50", "text": "and somehow the CEO"}, {"start": "00:07:48", "end": "00:07:52", "text": "liked him or liked what they were doing"}, {"start": "00:07:50", "end": "00:07:55", "text": "and took a risk and gave that five"}, {"start": "00:07:52", "end": "00:07:58", "text": "million and and they had enough to build"}, {"start": "00:07:55", "end": "00:08:00", "text": "out whatever chip that Sega needed and"}, {"start": "00:07:58", "end": "00:08:02", "text": "that like set them"}, {"start": "00:08:00", "end": "00:08:06", "text": "forward, right? So, there was a big"}, {"start": "00:08:02", "end": "00:08:08", "text": "risk, but maybe at the time Sega didn't"}, {"start": "00:08:06", "end": "00:08:11", "text": "care. They had so much money it didn't"}, {"start": "00:08:08", "end": "00:08:13", "text": "matter. Or they did care, but they still"}, {"start": "00:08:11", "end": "00:08:15", "text": "wanted to take a chance and it paid off."}, {"start": "00:08:13", "end": "00:08:18", "text": "But I don't know where honestly where"}, {"start": "00:08:15", "end": "00:08:20", "text": "Sega is today. I don't know what they do"}, {"start": "00:08:18", "end": "00:08:22", "text": "today. If they still make games or they"}, {"start": "00:08:20", "end": "00:08:25", "text": "certainly don't make consoles, so I"}, {"start": "00:08:22", "end": "00:08:28", "text": "don't know. Uh anyways, it's a it's a"}, {"start": "00:08:25", "end": "00:08:31", "text": "heartfelt story. You should listen to"}, {"start": "00:08:28", "end": "00:08:33", "text": "him say it. Anyways, uh Kathy Woods"}, {"start": "00:08:31", "end": "00:08:35", "text": "bought 17 million more of SpaceX. SpaceX"}, {"start": "00:08:33", "end": "00:08:40", "text": "has been going down."}, {"start": "00:08:35", "end": "00:08:42", "text": "Okay. Even to uh to IPO levels now. You"}, {"start": "00:08:40", "end": "00:08:43", "text": "know, I mean, honestly, for me, some"}, {"start": "00:08:42", "end": "00:08:46", "text": "people have asked, \"When do you think"}, {"start": "00:08:43", "end": "00:08:47", "text": "SpaceX is attractive?\""}, {"start": "00:08:46", "end": "00:08:49", "text": "I think right around now. And I think"}, {"start": "00:08:47", "end": "00:08:52", "text": "that's what Kathy Wood thinks. She's"}, {"start": "00:08:49", "end": "00:08:53", "text": "been buying a lot. It's been loading up,"}, {"start": "00:08:52", "end": "00:08:56", "text": "right? I don't know if this is the"}, {"start": "00:08:53", "end": "00:08:58", "text": "bottom for SpaceX because they released"}, {"start": "00:08:56", "end": "00:09:00", "text": "a very limited amount of shares and"}, {"start": "00:08:58", "end": "00:09:02", "text": "they're going to release more and a lot"}, {"start": "00:09:00", "end": "00:09:05", "text": "of insiders are not able to sell until"}, {"start": "00:09:02", "end": "00:09:09", "text": "later this year. So there's still some"}, {"start": "00:09:05", "end": "00:09:12", "text": "iffiness, but overall SpaceX"}, {"start": "00:09:09", "end": "00:09:14", "text": "and their AI department is moving"}, {"start": "00:09:12", "end": "00:09:17", "text": "forward."}, {"start": "00:09:14", "end": "00:09:19", "text": "Grock and Grock build and all that is uh"}, {"start": "00:09:17", "end": "00:09:21", "text": "it's it's so competitive and it's so"}, {"start": "00:09:19", "end": "00:09:24", "text": "exciting."}, {"start": "00:09:21", "end": "00:09:26", "text": "This guy uh Tibbo is from uh Codex and"}, {"start": "00:09:24", "end": "00:09:29", "text": "GBT. I guess he's one of the top guys."}, {"start": "00:09:26", "end": "00:09:33", "text": "He may be the head guy of of both,"}, {"start": "00:09:29", "end": "00:09:36", "text": "right? They've been adding more than a"}, {"start": "00:09:33", "end": "00:09:39", "text": "million users per day now with codeex"}, {"start": "00:09:36", "end": "00:09:41", "text": "ever since they released GBT56"}, {"start": "00:09:39", "end": "00:09:43", "text": "and it's amazing. And plus those of you"}, {"start": "00:09:41", "end": "00:09:45", "text": "guys that vibe code know that you have"}, {"start": "00:09:43", "end": "00:09:48", "text": "these fivehour limits which pisses"}, {"start": "00:09:45", "end": "00:09:50", "text": "everyone off. So there's only so much"}, {"start": "00:09:48", "end": "00:09:52", "text": "you can do in five hours and then you"}, {"start": "00:09:50", "end": "00:09:55", "text": "have to wait for a reset. They recently"}, {"start": "00:09:52", "end": "00:09:57", "text": "removed that. That has brought in so"}, {"start": "00:09:55", "end": "00:10:00", "text": "many users because that's one of the"}, {"start": "00:09:57", "end": "00:10:02", "text": "most frustrating things from claw code."}, {"start": "00:10:00", "end": "00:10:04", "text": "And then on top of that, you have a"}, {"start": "00:10:02", "end": "00:10:07", "text": "weekly limit, right, which you can't"}, {"start": "00:10:04", "end": "00:10:10", "text": "exceed based on the plan that you have."}, {"start": "00:10:07", "end": "00:10:13", "text": "And he's been just resetting it over and"}, {"start": "00:10:10", "end": "00:10:16", "text": "over and over. And the weekly limits are"}, {"start": "00:10:13", "end": "00:10:19", "text": "pretty generous, especially from GPT's"}, {"start": "00:10:16", "end": "00:10:22", "text": "side. So, it's been quite exciting. And"}, {"start": "00:10:19", "end": "00:10:24", "text": "because GPT's been doing this, Grock"}, {"start": "00:10:22", "end": "00:10:28", "text": "started doing it. Elon told Cursor to"}, {"start": "00:10:24", "end": "00:10:32", "text": "reset or double the usage. Uh, Gro"}, {"start": "00:10:28", "end": "00:10:34", "text": "builds been reset. Anthropic also reset."}, {"start": "00:10:32", "end": "00:10:36", "text": "Claude, everyone's resetting their their"}, {"start": "00:10:34", "end": "00:10:40", "text": "usage, but no one is generous as Codeex"}, {"start": "00:10:36", "end": "00:10:42", "text": "and GBT. But it's it's all out war right"}, {"start": "00:10:40", "end": "00:10:46", "text": "now with these AI models and these"}, {"start": "00:10:42", "end": "00:10:49", "text": "companies. They're all trying to leap"}, {"start": "00:10:46", "end": "00:10:51", "text": "over each other and they're all trying"}, {"start": "00:10:49", "end": "00:10:54", "text": "to go IPO, too. Enthropic still trying"}, {"start": "00:10:51", "end": "00:10:56", "text": "to IPO. GBT is trying to go IPO. Like,"}, {"start": "00:10:54", "end": "00:11:00", "text": "there are a lot of things. But if you're"}, {"start": "00:10:56", "end": "00:11:03", "text": "a vibe coder, the last like week has"}, {"start": "00:11:00", "end": "00:11:06", "text": "been so exciting. So exciting. And you"}, {"start": "00:11:03", "end": "00:11:10", "text": "you rush to like use out your usage"}, {"start": "00:11:06", "end": "00:11:12", "text": "minute uh usage and stuff. It's uh real"}, {"start": "00:11:10", "end": "00:11:13", "text": "fun times. Real fun times. But for those"}, {"start": "00:11:12", "end": "00:11:15", "text": "of you guys that don't code and you're"}, {"start": "00:11:13", "end": "00:11:17", "text": "just typing away on Shadb, you're like,"}, {"start": "00:11:15", "end": "00:11:18", "text": "\"What the hell is the usage limits?\""}, {"start": "00:11:17", "end": "00:11:20", "text": "Yeah, you'll never hit it. You'll never"}, {"start": "00:11:18", "end": "00:11:23", "text": "have to worry about it. It's only really"}, {"start": "00:11:20", "end": "00:11:26", "text": "for coders. That's really it. Anyways,"}, {"start": "00:11:23", "end": "00:11:30", "text": "moving back to crypto"}, {"start": "00:11:26", "end": "00:11:36", "text": "ETF inflow outflow. Two straight days of"}, {"start": "00:11:30", "end": "00:11:40", "text": "green plus 108 million for Bitcoin."}, {"start": "00:11:36", "end": "00:11:44", "text": "ETH is plus 54 million and soul is minus"}, {"start": "00:11:40", "end": "00:11:47", "text": "700,000 and XRP minus 70.6 million."}, {"start": "00:11:44", "end": "00:11:50", "text": "That's a huge drop out of nowhere. So"}, {"start": "00:11:47", "end": "00:11:55", "text": "XRP ain't doing great right now in terms"}, {"start": "00:11:50", "end": "00:11:57", "text": "of ETF. uh sold doing better. ETH is"}, {"start": "00:11:55", "end": "00:11:59", "text": "still not great if you look at the last"}, {"start": "00:11:57", "end": "00:12:01", "text": "90 days, but starting to turn green."}, {"start": "00:11:59", "end": "00:12:04", "text": "Look at look at it. Mostly green in the"}, {"start": "00:12:01", "end": "00:12:06", "text": "last week. That's good. And Bitcoin"}, {"start": "00:12:04", "end": "00:12:08", "text": "starting to turn around a little bit."}, {"start": "00:12:06", "end": "00:12:11", "text": "Still does not make up for all this, but"}, {"start": "00:12:08", "end": "00:12:16", "text": "starting to see a little bit. So overall"}, {"start": "00:12:11", "end": "00:12:20", "text": "good. Black Rockck also calls Bitcoin"}, {"start": "00:12:16", "end": "00:12:23", "text": "stronger after the leverage reset. Okay,"}, {"start": "00:12:20", "end": "00:12:26", "text": "this is from the world's largest asset"}, {"start": "00:12:23", "end": "00:12:29", "text": "manager saying that he never really"}, {"start": "00:12:26", "end": "00:12:31", "text": "liked all that leverage. Okay, to quote,"}, {"start": "00:12:29", "end": "00:12:32", "text": "I have always been concerned about"}, {"start": "00:12:31", "end": "00:12:34", "text": "leverage in Bitcoin and"}, {"start": "00:12:32", "end": "00:12:35", "text": "cryptocurrencies. There were too many"}, {"start": "00:12:34", "end": "00:12:38", "text": "market participants operating with"}, {"start": "00:12:35", "end": "00:12:40", "text": "excessive leverage. That is why"}, {"start": "00:12:38", "end": "00:12:42", "text": "correlation occurred and I believe the"}, {"start": "00:12:40", "end": "00:12:44", "text": "market is now more stable at its current"}, {"start": "00:12:42", "end": "00:12:46", "text": "level."}, {"start": "00:12:44", "end": "00:12:48", "text": "It's true. It's like the only market"}, {"start": "00:12:46", "end": "00:12:50", "text": "with this kind of leverage, right? with"}, {"start": "00:12:48", "end": "00:12:54", "text": "stocks, you have like options and"}, {"start": "00:12:50", "end": "00:12:56", "text": "futures, but still not nearly as crazy"}, {"start": "00:12:54", "end": "00:12:58", "text": "as crypto,"}, {"start": "00:12:56", "end": "00:13:02", "text": "uh especially with, you know, hyperlquid"}, {"start": "00:12:58", "end": "00:13:05", "text": "and aster and and just leverage on on"}, {"start": "00:13:02", "end": "00:13:07", "text": "sexis as well. That's why I've been"}, {"start": "00:13:05", "end": "00:13:10", "text": "saying and I've been showing you guys"}, {"start": "00:13:07", "end": "00:13:14", "text": "this, how every day you have hundreds of"}, {"start": "00:13:10", "end": "00:13:17", "text": "millions to billions that get wiped out"}, {"start": "00:13:14", "end": "00:13:21", "text": "whenever there's a sudden movement. So"}, {"start": "00:13:17", "end": "00:13:23", "text": "right now over the last 24 hours, 246"}, {"start": "00:13:21", "end": "00:13:26", "text": "million wiped out mostly on the long"}, {"start": "00:13:23", "end": "00:13:29", "text": "side. Think about that. Think about it."}, {"start": "00:13:26", "end": "00:13:33", "text": "That's a quarter of a billion dollars"}, {"start": "00:13:29", "end": "00:13:34", "text": "wiped out. And you would figure, well,"}, {"start": "00:13:33", "end": "00:13:36", "text": "if there's wiped out, it's going to the"}, {"start": "00:13:34", "end": "00:13:37", "text": "other side, right? No, not necessarily"}, {"start": "00:13:36", "end": "00:13:40", "text": "because on other side, they're getting"}, {"start": "00:13:37", "end": "00:13:43", "text": "wiped out, too. and all the fees that"}, {"start": "00:13:40", "end": "00:13:46", "text": "are being collected by all the exchanges"}, {"start": "00:13:43", "end": "00:13:49", "text": "and and all the"}, {"start": "00:13:46", "end": "00:13:52", "text": "the perpetual futures dexes and stuff"}, {"start": "00:13:49", "end": "00:13:54", "text": "like that. So yeah, you just have too"}, {"start": "00:13:52", "end": "00:13:58", "text": "much. If you play with leverage, two,"}, {"start": "00:13:54", "end": "00:14:00", "text": "three, maybe 5x is sort of safe, even"}, {"start": "00:13:58", "end": "00:14:03", "text": "though it's not really. You could still"}, {"start": "00:14:00", "end": "00:14:05", "text": "go down 30% or whatever. Um, but there"}, {"start": "00:14:03", "end": "00:14:10", "text": "are way too many people playing with"}, {"start": "00:14:05", "end": "00:14:14", "text": "10x, 20x, 50x, 100x, a thousandx,"}, {"start": "00:14:10", "end": "00:14:17", "text": "and that has held us down, but it"}, {"start": "00:14:14", "end": "00:14:20", "text": "greatly contributed to to where we are"}, {"start": "00:14:17", "end": "00:14:23", "text": "right now, like Blair Fing says, and"}, {"start": "00:14:20", "end": "00:14:25", "text": "it's still really holding us from"}, {"start": "00:14:23", "end": "00:14:28", "text": "climbing up. There's too much leverage,"}, {"start": "00:14:25", "end": "00:14:30", "text": "but it's a lot safer now"}, {"start": "00:14:28", "end": "00:14:33", "text": "than say a few months ago, right?"}, {"start": "00:14:30", "end": "00:14:35", "text": "because most people that that have been"}, {"start": "00:14:33", "end": "00:14:38", "text": "playing with high leverage are now"}, {"start": "00:14:35", "end": "00:14:41", "text": "completely wiped out."}, {"start": "00:14:38", "end": "00:14:43", "text": "Not a good thing, but part of the"}, {"start": "00:14:41", "end": "00:14:46", "text": "bottoming process, unfortunately. This"}, {"start": "00:14:43", "end": "00:14:50", "text": "is part of the bottoming process that"}, {"start": "00:14:46", "end": "00:14:52", "text": "happens every single cycle."}, {"start": "00:14:50", "end": "00:14:58", "text": "Uh,"}, {"start": "00:14:52", "end": "00:15:01", "text": "Strive Strive CEO says two billion"}, {"start": "00:14:58", "end": "00:15:01", "text": "actually."}, {"start": "00:15:01", "end": "00:15:06", "text": "Uh, trillions, not billions. I'm"}, {"start": "00:15:03", "end": "00:15:10", "text": "misreading that. Trillions of dollars"}, {"start": "00:15:06", "end": "00:15:12", "text": "would flood. Okay. In the coming years,"}, {"start": "00:15:10", "end": "00:15:14", "text": "buy as much Bitcoin as we can. It's"}, {"start": "00:15:12", "end": "00:15:17", "text": "going to get really, really big. The"}, {"start": "00:15:14", "end": "00:15:19", "text": "next bull run could be closer than most"}, {"start": "00:15:17", "end": "00:15:22", "text": "think."}, {"start": "00:15:19", "end": "00:15:25", "text": "I agree with most of that. I think, you"}, {"start": "00:15:22", "end": "00:15:26", "text": "know, we've been down for a while. We're"}, {"start": "00:15:25", "end": "00:15:28", "text": "part of buying process. We're going to"}, {"start": "00:15:26", "end": "00:15:30", "text": "come out of it and soon we'll be in the"}, {"start": "00:15:28", "end": "00:15:32", "text": "70s and 80s and soon above six figures."}, {"start": "00:15:30", "end": "00:15:35", "text": "And I think that could happen before the"}, {"start": "00:15:32", "end": "00:15:36", "text": "end of the year, right? Even way before"}, {"start": "00:15:35", "end": "00:15:38", "text": "that, maybe even towards around"}, {"start": "00:15:36", "end": "00:15:41", "text": "September, October time frame before"}, {"start": "00:15:38", "end": "00:15:43", "text": "midterms."}, {"start": "00:15:41", "end": "00:15:44", "text": "But, you know, in the coming years,"}, {"start": "00:15:43", "end": "00:15:46", "text": "things are not going to stop. The"}, {"start": "00:15:44", "end": "00:15:47", "text": "institutions are in they're going to"}, {"start": "00:15:46", "end": "00:15:50", "text": "continue to load up. There will be a"}, {"start": "00:15:47", "end": "00:15:52", "text": "capital rotation back in. Okay, right"}, {"start": "00:15:50", "end": "00:15:54", "text": "now everyone's chasing the hot things. I"}, {"start": "00:15:52", "end": "00:15:57", "text": "get that. But"}, {"start": "00:15:54", "end": "00:16:00", "text": "crypto has its moments during these"}, {"start": "00:15:57", "end": "00:16:02", "text": "rises. It becomes the hottest thing and"}, {"start": "00:16:00", "end": "00:16:04", "text": "that's when money flows in. And now"}, {"start": "00:16:02", "end": "00:16:07", "text": "there's more ways for money to flow in"}, {"start": "00:16:04", "end": "00:16:09", "text": "than ever before, right? People can"}, {"start": "00:16:07", "end": "00:16:11", "text": "invest their 401ks in a Charles Schwab"}, {"start": "00:16:09", "end": "00:16:14", "text": "offers it. all these all these"}, {"start": "00:16:11", "end": "00:16:15", "text": "brokerages that are now offer exchanges,"}, {"start": "00:16:14", "end": "00:16:17", "text": "not to mention"}, {"start": "00:16:15", "end": "00:16:19", "text": "um"}, {"start": "00:16:17", "end": "00:16:22", "text": "not to mention all the ETFs that exist,"}, {"start": "00:16:19", "end": "00:16:25", "text": "right? And the futures that exist and"}, {"start": "00:16:22", "end": "00:16:27", "text": "options that exist. So when the FOMO"}, {"start": "00:16:25", "end": "00:16:29", "text": "hits,"}, {"start": "00:16:27", "end": "00:16:33", "text": "the money will flow in faster than ever"}, {"start": "00:16:29", "end": "00:16:37", "text": "before. So think about that."}, {"start": "00:16:33", "end": "00:16:37", "text": "Think about that."}, {"start": "00:16:37", "end": "00:16:43", "text": "Yep. Glass note says"}, {"start": "00:16:40", "end": "00:16:47", "text": "107k buyers providing early signals of"}, {"start": "00:16:43", "end": "00:16:50", "text": "bare market bottom. Again, measuring how"}, {"start": "00:16:47", "end": "00:16:54", "text": "many people are loss, how many people"}, {"start": "00:16:50", "end": "00:16:57", "text": "have gains, right? Measuring that that"}, {"start": "00:16:54", "end": "00:16:59", "text": "balance. And whenever it crosses, okay,"}, {"start": "00:16:57", "end": "00:17:01", "text": "that means you're at a bottom. It's"}, {"start": "00:16:59", "end": "00:17:04", "text": "really that simple. We have a lot of"}, {"start": "00:17:01", "end": "00:17:07", "text": "metrics that show the same thing. You"}, {"start": "00:17:04", "end": "00:17:12", "text": "have a lot of people that are down,"}, {"start": "00:17:07", "end": "00:17:14", "text": "okay? A lot of people that have left,"}, {"start": "00:17:12", "end": "00:17:15", "text": "right? And now we have that seller"}, {"start": "00:17:14", "end": "00:17:17", "text": "exhaustion floor. That's really what it"}, {"start": "00:17:15", "end": "00:17:20", "text": "comes down to. And we have cleared out"}, {"start": "00:17:17", "end": "00:17:25", "text": "all this leverage, right? So, it's time"}, {"start": "00:17:20", "end": "00:17:28", "text": "for us to build back up."}, {"start": "00:17:25", "end": "00:17:30", "text": "Good opportunity to buy the dip right"}, {"start": "00:17:28", "end": "00:17:33", "text": "now."}, {"start": "00:17:30", "end": "00:17:36", "text": "Uh outside of Bitcoin, Ethereum outruns"}, {"start": "00:17:33", "end": "00:17:38", "text": "Bitcoin as ETF money returns. All of it"}, {"start": "00:17:36", "end": "00:17:40", "text": "from Black Rockck's fund. You know,"}, {"start": "00:17:38", "end": "00:17:42", "text": "Black Rockck is not stopping. You don't"}, {"start": "00:17:40", "end": "00:17:45", "text": "think Larry Frink said all that good"}, {"start": "00:17:42", "end": "00:17:47", "text": "stuff because he wants to help others,"}, {"start": "00:17:45", "end": "00:17:50", "text": "right? It's"}, {"start": "00:17:47", "end": "00:17:52", "text": "It's for sure he wants to get people to"}, {"start": "00:17:50", "end": "00:17:58", "text": "start buying because I'm pretty sure"}, {"start": "00:17:52", "end": "00:17:58", "text": "they want to benefit as well um"}, {"start": "00:17:59", "end": "00:18:04", "text": "from all the buying and all the all the"}, {"start": "00:18:02", "end": "00:18:07", "text": "rotation back in. So, I'm pretty sure"}, {"start": "00:18:04", "end": "00:18:09", "text": "they're looking forward to that. Um so,"}, {"start": "00:18:07", "end": "00:18:10", "text": "yeah,"}, {"start": "00:18:09", "end": "00:18:14", "text": "Ando"}, {"start": "00:18:10", "end": "00:18:18", "text": "surges 18% after this DTCC partnership."}, {"start": "00:18:14", "end": "00:18:21", "text": "Zando's in RWA, one of the biggest"}, {"start": "00:18:18", "end": "00:18:24", "text": "narratives that can really drive crypto"}, {"start": "00:18:21", "end": "00:18:26", "text": "higher. RWA"}, {"start": "00:18:24", "end": "00:18:28", "text": "tokenization"}, {"start": "00:18:26", "end": "00:18:31", "text": "of anything you could think of really."}, {"start": "00:18:28", "end": "00:18:34", "text": "And it's perfect for AI as well. People"}, {"start": "00:18:31", "end": "00:18:36", "text": "just don't realize that, but"}, {"start": "00:18:34", "end": "00:18:38", "text": "good for Ando. Their leader"}, {"start": "00:18:36", "end": "00:18:40", "text": "unfortunately passed away earlier this"}, {"start": "00:18:38", "end": "00:18:44", "text": "year. They're still surviving, which is"}, {"start": "00:18:40", "end": "00:18:46", "text": "good. Uh Trump is going to meet"}, {"start": "00:18:44", "end": "00:18:48", "text": "with senators over clarity act on"}, {"start": "00:18:46", "end": "00:18:52", "text": "Thursday. This is supposed to be pushed"}, {"start": "00:18:48", "end": "00:18:55", "text": "through next week, right? If it gets a"}, {"start": "00:18:52", "end": "00:18:59", "text": "vote, he wants to make sure that it"}, {"start": "00:18:55", "end": "00:19:00", "text": "passes Senate and I think it will."}, {"start": "00:18:59", "end": "00:19:02", "text": "So, this could be a big thing that's"}, {"start": "00:19:00", "end": "00:19:04", "text": "coming up. A lot of people been looking"}, {"start": "00:19:02", "end": "00:19:08", "text": "forward to this. It looks like it's"}, {"start": "00:19:04", "end": "00:19:10", "text": "finally going to happen,"}, {"start": "00:19:08", "end": "00:19:15", "text": "which is good."}, {"start": "00:19:10", "end": "00:19:20", "text": "Uh, and then, uh, you had a White House"}, {"start": "00:19:15", "end": "00:19:22", "text": "tweet out this Trumpcoin."}, {"start": "00:19:20", "end": "00:19:26", "text": "This time around, it's not about the"}, {"start": "00:19:22", "end": "00:19:28", "text": "meme coin. It's just about a new"}, {"start": "00:19:26", "end": "00:19:30", "text": "dollar"}, {"start": "00:19:28", "end": "00:19:33", "text": "that"}, {"start": "00:19:30", "end": "00:19:36", "text": "has Trump."}, {"start": "00:19:33", "end": "00:19:39", "text": "So, at least they're not promoting the"}, {"start": "00:19:36", "end": "00:19:41", "text": "Trump memecoin."}, {"start": "00:19:39", "end": "00:19:44", "text": "But if you guys are interested, you"}, {"start": "00:19:41", "end": "00:19:46", "text": "could buy one."}, {"start": "00:19:44", "end": "00:19:48", "text": "I wonder how much it's going to be. I"}, {"start": "00:19:46", "end": "00:19:49", "text": "don't know. You figure a dollar, right?"}, {"start": "00:19:48", "end": "00:19:52", "text": "But it's probably going to be more than"}, {"start": "00:19:49", "end": "00:19:56", "text": "a dollar. I don't know. I don't know."}, {"start": "00:19:52", "end": "00:19:56", "text": "Could be a good collectible."}, {"start": "00:19:56", "end": "00:20:04", "text": "Uh, all right. That is it. Uh, NASDAQ"}, {"start": "00:20:01", "end": "00:20:08", "text": "tech not doing so well. Bitcoin still"}, {"start": "00:20:04", "end": "00:20:11", "text": "holding pretty good. 643"}, {"start": "00:20:08", "end": "00:20:14", "text": "and uh ETH is right around 1,900 a"}, {"start": "00:20:11", "end": "00:20:17", "text": "little bit under but I'm looking at my"}, {"start": "00:20:14", "end": "00:20:19", "text": "watch list for the rest of the pack. O"}, {"start": "00:20:17", "end": "00:20:23", "text": "looking not so good. Robin Hood's down"}, {"start": "00:20:19", "end": "00:20:26", "text": "about 4%. Micron's down 5%."}, {"start": "00:20:23", "end": "00:20:26", "text": "Um"}, {"start": "00:20:27", "end": "00:20:32", "text": "Google down"}, {"start": "00:20:29", "end": "00:20:34", "text": "about a percent. Tesla down about a"}, {"start": "00:20:32", "end": "00:20:39", "text": "percent."}, {"start": "00:20:34", "end": "00:20:43", "text": "Yeah. So overall the market Nvidia"}, {"start": "00:20:39", "end": "00:20:43", "text": "down about 2%."}, {"start": "00:20:45", "end": "00:20:51", "text": "Bitcoin is actually holding pretty well."}, {"start": "00:20:49", "end": "00:20:53", "text": "All right, let's do some Q&A. Oh, by the"}, {"start": "00:20:51", "end": "00:20:56", "text": "way, I did say I was going to add this"}, {"start": "00:20:53", "end": "00:20:58", "text": "and I did. So if you look at Ask Clash's"}, {"start": "00:20:56", "end": "00:21:00", "text": "uh market cap page, now we have a"}, {"start": "00:20:58", "end": "00:21:02", "text": "comparison and I think this is pretty"}, {"start": "00:21:00", "end": "00:21:04", "text": "cool and no one offers this. So if you"}, {"start": "00:21:02", "end": "00:21:07", "text": "want to see performance of your two"}, {"start": "00:21:04", "end": "00:21:10", "text": "favorite coins or you just want to per"}, {"start": "00:21:07", "end": "00:21:13", "text": "compare to Bitcoin, you can now select"}, {"start": "00:21:10", "end": "00:21:17", "text": "let's say Bitcoin and ETH and then you"}, {"start": "00:21:13", "end": "00:21:19", "text": "can add a third one like Soul and it"}, {"start": "00:21:17", "end": "00:21:23", "text": "will give you a really nice graph of the"}, {"start": "00:21:19", "end": "00:21:26", "text": "24hour performance, 7-day, 30-day,"}, {"start": "00:21:23", "end": "00:21:28", "text": "90day. So you could see clearly, right?"}, {"start": "00:21:26", "end": "00:21:31", "text": "and also other things like market cap,"}, {"start": "00:21:28", "end": "00:21:35", "text": "volume, price, volume per market cap,"}, {"start": "00:21:31", "end": "00:21:37", "text": "FTV, circulating, right? Gives you a"}, {"start": "00:21:35", "end": "00:21:41", "text": "really good chart perspective of all"}, {"start": "00:21:37", "end": "00:21:44", "text": "your favorite cryptos. So,"}, {"start": "00:21:41", "end": "00:21:45", "text": "I think that's pretty cool. I think that"}, {"start": "00:21:44", "end": "00:21:50", "text": "that looks cool. And you could also"}, {"start": "00:21:45", "end": "00:21:53", "text": "share this on social media. It's a nice"}, {"start": "00:21:50", "end": "00:21:57", "text": "nice sharable thing. So something new"}, {"start": "00:21:53", "end": "00:22:01", "text": "that I added uh to market cap and same"}, {"start": "00:21:57", "end": "00:22:03", "text": "thing with uh same with stocks too. If"}, {"start": "00:22:01", "end": "00:22:08", "text": "you wanted to do it with Nvidia let's"}, {"start": "00:22:03", "end": "00:22:11", "text": "say versus Google versus Apple, right?"}, {"start": "00:22:08", "end": "00:22:14", "text": "You have the same kind of thing."}, {"start": "00:22:11", "end": "00:22:17", "text": "So if you want to compare AI or tech or"}, {"start": "00:22:14", "end": "00:22:20", "text": "even cryptorelated stocks, you can do"}, {"start": "00:22:17", "end": "00:22:20", "text": "that as well."}, {"start": "00:22:21", "end": "00:22:29", "text": "It's pretty cool. That's pretty cool."}, {"start": "00:22:25", "end": "00:22:29", "text": "All right, let's do some Q&A."}, {"start": "00:22:42", "end": "00:22:44", "text": "All"}, {"start": "00:22:58", "end": "00:23:01", "text": "right."}, {"start": "00:23:11", "end": "00:23:16", "text": "How's the game going? It's going. It's"}, {"start": "00:23:14", "end": "00:23:20", "text": "very tough to get animations going. I'll"}, {"start": "00:23:16", "end": "00:23:22", "text": "tell you that. It's been days upon days"}, {"start": "00:23:20", "end": "00:23:26", "text": "making good progress, but I can see why"}, {"start": "00:23:22", "end": "00:23:28", "text": "GTA 6 has taken so long to get good"}, {"start": "00:23:26", "end": "00:23:32", "text": "animations,"}, {"start": "00:23:28", "end": "00:23:37", "text": "right? like smooth transitions, smooth"}, {"start": "00:23:32", "end": "00:23:39", "text": "movement of people. Like it's tough, you"}, {"start": "00:23:37", "end": "00:23:42", "text": "know, to get good models going. It's"}, {"start": "00:23:39", "end": "00:23:44", "text": "tough, but"}, {"start": "00:23:42", "end": "00:23:46", "text": "I think it's getting there. I think"}, {"start": "00:23:44", "end": "00:23:49", "text": "people like it."}, {"start": "00:23:46", "end": "00:23:51", "text": "So, one of the things I'm working on,"}, {"start": "00:23:49", "end": "00:23:54", "text": "another thing is still improving the the"}, {"start": "00:23:51", "end": "00:23:56", "text": "database, but I have changed a few"}, {"start": "00:23:54", "end": "00:23:58", "text": "things. So, search is now faster. It's"}, {"start": "00:23:56", "end": "00:24:00", "text": "significantly faster. still not where I"}, {"start": "00:23:58", "end": "00:24:03", "text": "want it. So, I'm still trying something"}, {"start": "00:24:00", "end": "00:24:06", "text": "new to make the database even better."}, {"start": "00:24:03", "end": "00:24:08", "text": "So, pretty soon searches will be ultra"}, {"start": "00:24:06", "end": "00:24:10", "text": "fast"}, {"start": "00:24:08", "end": "00:24:13", "text": "and that's going to be good. And there's"}, {"start": "00:24:10", "end": "00:24:16", "text": "other things I'm working on too."}, {"start": "00:24:13", "end": "00:24:20", "text": "just so much all these resets for codeex"}, {"start": "00:24:16", "end": "00:24:23", "text": "for grock for all these uh cursor"}, {"start": "00:24:20", "end": "00:24:25", "text": "anthropic all these resets are helping"}, {"start": "00:24:23", "end": "00:24:31", "text": "otherwise it's really hard to get a lot"}, {"start": "00:24:25", "end": "00:24:31", "text": "done within the subscription plans"}, {"start": "00:24:36", "end": "00:24:42", "text": "MC2 tech I appreciate that I work very"}, {"start": "00:24:39", "end": "00:24:43", "text": "hard at this um"}, {"start": "00:24:42", "end": "00:24:45", "text": "I forgot there's Something else I added"}, {"start": "00:24:43", "end": "00:24:49", "text": "to yesterday."}, {"start": "00:24:45", "end": "00:24:52", "text": "Oh, yeah. Something else that's that's"}, {"start": "00:24:49", "end": "00:24:54", "text": "uh it's not perfected yet, but if you"}, {"start": "00:24:52", "end": "00:24:56", "text": "guys"}, {"start": "00:24:54", "end": "00:25:02", "text": "some of you guys use the for you page a"}, {"start": "00:24:56", "end": "00:25:05", "text": "lot for for now, it's mostly"}, {"start": "00:25:02", "end": "00:25:07", "text": "um Oops."}, {"start": "00:25:05", "end": "00:25:10", "text": "All right. So for now most of you guys"}, {"start": "00:25:07", "end": "00:25:12", "text": "are used to like your for you page where"}, {"start": "00:25:10", "end": "00:25:16", "text": "it's kind of like investor focused right"}, {"start": "00:25:12", "end": "00:25:18", "text": "you get a good briefing of the whole day"}, {"start": "00:25:16", "end": "00:25:23", "text": "the macro views and of course you could"}, {"start": "00:25:18", "end": "00:25:25", "text": "see all the latest stories but mostly"}, {"start": "00:25:23", "end": "00:25:29", "text": "uh you know market movers with stocks"}, {"start": "00:25:25", "end": "00:25:34", "text": "portfolio right I mean this is fantastic"}, {"start": "00:25:29", "end": "00:25:35", "text": "catalyst radar upcoming earnings"}, {"start": "00:25:34", "end": "00:25:39", "text": "um"}, {"start": "00:25:35", "end": "00:25:42", "text": "e economic uh data. I mean, this is this"}, {"start": "00:25:39", "end": "00:25:43", "text": "is fantastic. I mean, you get a broad"}, {"start": "00:25:42", "end": "00:25:45", "text": "overview of everything that's going on"}, {"start": "00:25:43", "end": "00:25:48", "text": "in the day. You get a nice heat map of"}, {"start": "00:25:45", "end": "00:25:50", "text": "crypto and stocks. I forgot we put"}, {"start": "00:25:48", "end": "00:25:53", "text": "stocks on here. This is this is even"}, {"start": "00:25:50", "end": "00:25:55", "text": "better than I imagined. Um social pulse"}, {"start": "00:25:53", "end": "00:25:59", "text": "clash pick stuff, right? If you like to"}, {"start": "00:25:55", "end": "00:26:00", "text": "make predictions, it's all in here. I"}, {"start": "00:25:59", "end": "00:26:02", "text": "mean, this is fantastic. I don't know"}, {"start": "00:26:00", "end": "00:26:05", "text": "why everyone doesn't have a page and go"}, {"start": "00:26:02", "end": "00:26:07", "text": "to this every single day. I mean, I"}, {"start": "00:26:05", "end": "00:26:10", "text": "literally give it to everyone for free"}, {"start": "00:26:07", "end": "00:26:12", "text": "and they still somehow ignore it. It's"}, {"start": "00:26:10", "end": "00:26:15", "text": "not one of our popular pages, which is"}, {"start": "00:26:12", "end": "00:26:17", "text": "again mind-blowing because when you"}, {"start": "00:26:15", "end": "00:26:19", "text": "start today, everyone should look at it"}, {"start": "00:26:17", "end": "00:26:22", "text": "because it gives you a good perspective"}, {"start": "00:26:19", "end": "00:26:25", "text": "of what's going on. But I made it so"}, {"start": "00:26:22", "end": "00:26:27", "text": "that now if you do onboarding,"}, {"start": "00:26:25", "end": "00:26:29", "text": "you could be a builder or a sports fan,"}, {"start": "00:26:27", "end": "00:26:31", "text": "too. So, if you don't care about all the"}, {"start": "00:26:29", "end": "00:26:34", "text": "investor stuff, you can have one that's"}, {"start": "00:26:31", "end": "00:26:36", "text": "dedicated just for sports, everything"}, {"start": "00:26:34", "end": "00:26:39", "text": "about sports,"}, {"start": "00:26:36", "end": "00:26:42", "text": "okay, or like predictions and obviously"}, {"start": "00:26:39", "end": "00:26:45", "text": "all the social tweets, uh, all the news,"}, {"start": "00:26:42", "end": "00:26:46", "text": "and you could select all the all the"}, {"start": "00:26:45", "end": "00:26:48", "text": "sports stuff that you want. Or you could"}, {"start": "00:26:46", "end": "00:26:51", "text": "be one where it's the AI builder where"}, {"start": "00:26:48", "end": "00:26:53", "text": "it just talks nothing about AI, all the"}, {"start": "00:26:51", "end": "00:26:55", "text": "latest models, all the latest news, all"}, {"start": "00:26:53", "end": "00:26:59", "text": "the models and the coding agents and all"}, {"start": "00:26:55", "end": "00:27:01", "text": "that stuff. So, um I'm still trying to"}, {"start": "00:26:59", "end": "00:27:04", "text": "perfect that. But now there's two more"}, {"start": "00:27:01", "end": "00:27:05", "text": "different kind of for you pages for"}, {"start": "00:27:04", "end": "00:27:07", "text": "everyone. I think most of you guys are"}, {"start": "00:27:05", "end": "00:27:10", "text": "still going to be using investor one,"}, {"start": "00:27:07", "end": "00:27:13", "text": "but if you wanted to build a sports one"}, {"start": "00:27:10", "end": "00:27:17", "text": "or a builder one, you can. And that's"}, {"start": "00:27:13", "end": "00:27:17", "text": "also something new as well."}, {"start": "00:27:18", "end": "00:27:21", "text": "Endless stuff."}, {"start": "00:27:52", "end": "00:27:56", "text": "Make that page as the main page. What do"}, {"start": "00:27:55", "end": "00:28:00", "text": "you mean? I'm not going to make the for"}, {"start": "00:27:56", "end": "00:28:00", "text": "you page the main page."}, {"start": "00:28:00", "end": "00:28:05", "text": "It's there. It's right on the left"}, {"start": "00:28:03", "end": "00:28:09", "text": "navbar. It's pretty easy to see. People"}, {"start": "00:28:05", "end": "00:28:12", "text": "just have to take some effort to do it."}, {"start": "00:28:09", "end": "00:28:13", "text": "I'm not going to like make it that I'm"}, {"start": "00:28:12", "end": "00:28:15", "text": "not gonna shove it down people's throats"}, {"start": "00:28:13", "end": "00:28:17", "text": "if they really don't want it. It just"}, {"start": "00:28:15", "end": "00:28:19", "text": "seems like most people like are just too"}, {"start": "00:28:17", "end": "00:28:21", "text": "lazy. Most people just just want to"}, {"start": "00:28:19", "end": "00:28:24", "text": "like,"}, {"start": "00:28:21", "end": "00:28:26", "text": "you know, look at articles or something,"}, {"start": "00:28:24", "end": "00:28:29", "text": "right? But we have so much data that"}, {"start": "00:28:26", "end": "00:28:31", "text": "gives so much intelligence and so much"}, {"start": "00:28:29", "end": "00:28:33", "text": "more importantly actionable"}, {"start": "00:28:31", "end": "00:28:38", "text": "intelligence. Um, but most people just"}, {"start": "00:28:33", "end": "00:28:40", "text": "ignore it. But people that don't,"}, {"start": "00:28:38", "end": "00:28:43", "text": "they think it'll be"}, {"start": "00:28:40", "end": "00:28:43", "text": "better off."}, {"start": "00:28:51", "end": "00:28:58", "text": "G7 films. No. And no. And no."}, {"start": "00:28:56", "end": "00:29:00", "text": "You think just making a new coin in a"}, {"start": "00:28:58", "end": "00:29:03", "text": "Robin Hood chain automatically just"}, {"start": "00:29:00", "end": "00:29:06", "text": "makes it pump to a billion? It's go fall"}, {"start": "00:29:03", "end": "00:29:07", "text": "like everything else."}, {"start": "00:29:06", "end": "00:29:12", "text": "Just because it's shiny and new doesn't"}, {"start": "00:29:07", "end": "00:29:16", "text": "mean that it just goes infinite."}, {"start": "00:29:12", "end": "00:29:16", "text": "That it doesn't work that way."}, {"start": "00:29:25", "end": "00:29:30", "text": "Dad, if you truly believe that, why are"}, {"start": "00:29:27", "end": "00:29:30", "text": "you here?"}, {"start": "00:29:35", "end": "00:29:39", "text": "If no one bought anything, how did"}, {"start": "00:29:36", "end": "00:29:43", "text": "Bitcoin's price go up? And why is it"}, {"start": "00:29:39", "end": "00:29:46", "text": "stabilizing? Why are we not falling"}, {"start": "00:29:43", "end": "00:29:51", "text": "to 20,000"}, {"start": "00:29:46", "end": "00:29:51", "text": "or 15,000, the low of our last bottom?"}, {"start": "00:30:42", "end": "00:30:50", "text": "I say we're holding pretty damn well"}, {"start": "00:30:44", "end": "00:30:50", "text": "considering two days of tech sell off."}, {"start": "00:30:50", "end": "00:30:54", "text": "Our breakout target is still there."}, {"start": "00:30:52", "end": "00:30:56", "text": "66,000."}, {"start": "00:30:54", "end": "00:30:58", "text": "Still looking"}, {"start": "00:30:56", "end": "00:31:01", "text": "still looking forward to breaking that."}, {"start": "00:30:58", "end": "00:31:04", "text": "But overall, we're holding pretty well"}, {"start": "00:31:01", "end": "00:31:06", "text": "even with the war escalation"}, {"start": "00:31:04", "end": "00:31:10", "text": "with inflation coming back up. I mean,"}, {"start": "00:31:06", "end": "00:31:13", "text": "we really, you know, the the CPI really"}, {"start": "00:31:10", "end": "00:31:15", "text": "helped us in a big way. Um, pushed us"}, {"start": "00:31:13", "end": "00:31:21", "text": "higher from like that 61 level, but"}, {"start": "00:31:15", "end": "00:31:21", "text": "still we're holding above 60."}, {"start": "00:31:30", "end": "00:31:37", "text": "I don't know about that, man. Robin Hood"}, {"start": "00:31:33", "end": "00:31:39", "text": "is kind of a different beast."}, {"start": "00:31:37", "end": "00:31:43", "text": "I would love to have some more support."}, {"start": "00:31:39", "end": "00:31:46", "text": "Pumpf fun still is a mess and uh still"}, {"start": "00:31:43", "end": "00:31:47", "text": "have shown us no love. But Robin Hood is"}, {"start": "00:31:46", "end": "00:31:51", "text": "totally different. I was at a Bitcoin"}, {"start": "00:31:47", "end": "00:31:53", "text": "conference last year. I think Robin Hood"}, {"start": "00:31:51", "end": "00:31:57", "text": "had a booth. I went up to them. They had"}, {"start": "00:31:53", "end": "00:31:59", "text": "no idea anything about crypto. I asked"}, {"start": "00:31:57", "end": "00:32:01", "text": "to to like speak to someone, make a"}, {"start": "00:31:59", "end": "00:32:04", "text": "partnership. That guy got like fired a"}, {"start": "00:32:01", "end": "00:32:08", "text": "week later."}, {"start": "00:32:04", "end": "00:32:12", "text": "So, uh, you know,"}, {"start": "00:32:08", "end": "00:32:12", "text": "I don't know."}, {"start": "00:32:13", "end": "00:32:17", "text": "You could just, you know, like sometimes"}, {"start": "00:32:15", "end": "00:32:19", "text": "you just tell like when there's good"}, {"start": "00:32:17", "end": "00:32:21", "text": "communities that are supportive that"}, {"start": "00:32:19", "end": "00:32:23", "text": "answers and stuff like that. But in"}, {"start": "00:32:21", "end": "00:32:25", "text": "crypto, it's just it's very very tough."}, {"start": "00:32:23", "end": "00:32:31", "text": "Like you know, like I I showed a tweet"}, {"start": "00:32:25", "end": "00:32:32", "text": "from the the Chad BT guy, Tibbo. Like I"}, {"start": "00:32:31", "end": "00:32:35", "text": "think he's one of the top guys there and"}, {"start": "00:32:32", "end": "00:32:37", "text": "he's on X all the time answering people"}, {"start": "00:32:35", "end": "00:32:40", "text": "and stuff like that, you know, replying"}, {"start": "00:32:37", "end": "00:32:43", "text": "back, asking for upgrades, features, and"}, {"start": "00:32:40", "end": "00:32:45", "text": "and uh and he does that, but you know,"}, {"start": "00:32:43", "end": "00:32:49", "text": "like a lot of these guys in crypto just"}, {"start": "00:32:45", "end": "00:32:49", "text": "like do not do that."}, {"start": "00:32:49", "end": "00:32:53", "text": "Anyways,"}, {"start": "00:32:51", "end": "00:32:56", "text": "I hope Robin Hood chain does well. I"}, {"start": "00:32:53", "end": "00:32:58", "text": "hold Robin Hood options. I made a little"}, {"start": "00:32:56", "end": "00:33:01", "text": "money with them recently, but I lost a"}, {"start": "00:32:58", "end": "00:33:02", "text": "lot earlier this year. Um, but I think"}, {"start": "00:33:01", "end": "00:33:04", "text": "they're making all the right moves."}, {"start": "00:33:02", "end": "00:33:07", "text": "Moving into crypto is a really smart"}, {"start": "00:33:04", "end": "00:33:10", "text": "thing for them. They're going to try to"}, {"start": "00:33:07", "end": "00:33:12", "text": "dominate, you know, RWA tokenization"}, {"start": "00:33:10", "end": "00:33:16", "text": "with that chain. And they're involved"}, {"start": "00:33:12", "end": "00:33:18", "text": "with stable coins and they have a lot of"}, {"start": "00:33:16", "end": "00:33:21", "text": "crypto trading obviously. So, they're"}, {"start": "00:33:18", "end": "00:33:23", "text": "going they're going all in and if they"}, {"start": "00:33:21", "end": "00:33:27", "text": "do well, you know, Robin Hood chain"}, {"start": "00:33:23", "end": "00:33:30", "text": "could be as big as B&B chain, right? But"}, {"start": "00:33:27", "end": "00:33:32", "text": "I don't think they have a token. So,"}, {"start": "00:33:30", "end": "00:33:35", "text": "they should come out with the Robin Hood"}, {"start": "00:33:32", "end": "00:33:35", "text": "token."}, {"start": "00:34:03", "end": "00:34:10", "text": "The Flashmaster is no longer up. Cryptos"}, {"start": "00:34:06", "end": "00:34:10", "text": "site has been redesigned"}, {"start": "00:34:15", "end": "00:34:19", "text": "and you can [�__�] off."}, {"start": "00:34:24", "end": "00:34:30", "text": "And Dan is trying to say, \"Oh, look. We"}, {"start": "00:34:27", "end": "00:34:32", "text": "fell down from 65 to 64. Oh, no. It's"}, {"start": "00:34:30", "end": "00:34:38", "text": "selling off. What about the fact from a"}, {"start": "00:34:32", "end": "00:34:40", "text": "few days ago we rose up from 61 to 64?"}, {"start": "00:34:38", "end": "00:34:44", "text": "You see, you got all these miserable ass"}, {"start": "00:34:40", "end": "00:34:46", "text": "people in the chat trying to bring"}, {"start": "00:34:44", "end": "00:34:48", "text": "everyone down to their misery because"}, {"start": "00:34:46", "end": "00:34:51", "text": "that's the only thing that they have in"}, {"start": "00:34:48", "end": "00:34:55", "text": "their life is they have no voice, no"}, {"start": "00:34:51", "end": "00:34:58", "text": "friends, no family, sitting in their"}, {"start": "00:34:55", "end": "00:35:00", "text": "mom's or grandparents' basement, right?"}, {"start": "00:34:58", "end": "00:35:04", "text": "trying to blame everyone on their"}, {"start": "00:35:00", "end": "00:35:07", "text": "mistakes and the only thing they have is"}, {"start": "00:35:04", "end": "00:35:10", "text": "try to join live chats like this and"}, {"start": "00:35:07", "end": "00:35:13", "text": "feel heard by trying to spread FUD"}, {"start": "00:35:10", "end": "00:35:17", "text": "everywhere."}, {"start": "00:35:13", "end": "00:35:18", "text": "So, it's like get a life. Get a life. If"}, {"start": "00:35:17", "end": "00:35:21", "text": "you didn't care about Bitcoin, you"}, {"start": "00:35:18", "end": "00:35:23", "text": "didn't care about crypto, don't come in"}, {"start": "00:35:21", "end": "00:35:25", "text": "here."}, {"start": "00:35:23", "end": "00:35:28", "text": "Just ignore it. Get out. See, that's the"}, {"start": "00:35:25", "end": "00:35:30", "text": "thing. all the trolls that are in it"}, {"start": "00:35:28", "end": "00:35:33", "text": "that keep saying, \"Well, it's gonna go"}, {"start": "00:35:30", "end": "00:35:36", "text": "lower or it's not gonna recover.\""}, {"start": "00:35:33", "end": "00:35:38", "text": "And they really didn't care, okay? They"}, {"start": "00:35:36", "end": "00:35:41", "text": "wouldn't be in it. Like, I don't really"}, {"start": "00:35:38", "end": "00:35:44", "text": "care about golf."}, {"start": "00:35:41", "end": "00:35:47", "text": "I don't join golf channels and say golf"}, {"start": "00:35:44", "end": "00:35:50", "text": "is a boring sport, okay? Uh I don't go"}, {"start": "00:35:47", "end": "00:35:53", "text": "in there and try to fud golf because I"}, {"start": "00:35:50", "end": "00:35:54", "text": "really don't care about it. this, you"}, {"start": "00:35:53", "end": "00:35:58", "text": "know, if you really didn't care about"}, {"start": "00:35:54", "end": "00:36:01", "text": "it, you wouldn't talk about it so much."}, {"start": "00:35:58", "end": "00:36:01", "text": "So that's the thing"}, {"start": "00:36:07", "end": "00:36:11", "text": "and one one powerful thing that I heard"}, {"start": "00:36:10", "end": "00:36:13", "text": "and this applies for almost all of you"}, {"start": "00:36:11", "end": "00:36:16", "text": "guys because a lot of you guys have good"}, {"start": "00:36:13", "end": "00:36:18", "text": "careers, good jobs or you have good"}, {"start": "00:36:16", "end": "00:36:21", "text": "family, good whatever, good"}, {"start": "00:36:18", "end": "00:36:24", "text": "relationships, it doesn't matter."}, {"start": "00:36:21", "end": "00:36:26", "text": "Just remember this,"}, {"start": "00:36:24", "end": "00:36:29", "text": "the"}, {"start": "00:36:26", "end": "00:36:31", "text": "the hate, the jealousy,"}, {"start": "00:36:29", "end": "00:36:36", "text": "right,"}, {"start": "00:36:31", "end": "00:36:40", "text": "the I guess the FUD towards you."}, {"start": "00:36:36", "end": "00:36:44", "text": "The more you have, that means"}, {"start": "00:36:40", "end": "00:36:47", "text": "you are somebody. Okay? And not only"}, {"start": "00:36:44", "end": "00:36:49", "text": "that, they come from below. People who"}, {"start": "00:36:47", "end": "00:36:52", "text": "are above you in status could give two"}, {"start": "00:36:49", "end": "00:36:56", "text": "shits about you."}, {"start": "00:36:52", "end": "00:36:58", "text": "You think Elon is sitting there"}, {"start": "00:36:56", "end": "00:37:00", "text": "wondering what the hell people says"}, {"start": "00:36:58", "end": "00:37:02", "text": "about him? No, he doesn't give two"}, {"start": "00:37:00", "end": "00:37:04", "text": "shits, right? That's the way to look at"}, {"start": "00:37:02", "end": "00:37:07", "text": "it. If you're receiving FUD from"}, {"start": "00:37:04", "end": "00:37:08", "text": "someone, well, it does I guess that"}, {"start": "00:37:07", "end": "00:37:10", "text": "doesn't make hate. If you're receiving"}, {"start": "00:37:08", "end": "00:37:14", "text": "hate for someone, just know that it's"}, {"start": "00:37:10", "end": "00:37:16", "text": "coming from someone below you that is"}, {"start": "00:37:14", "end": "00:37:18", "text": "that you shouldn't even really care"}, {"start": "00:37:16", "end": "00:37:20", "text": "about. And the fact that you have people"}, {"start": "00:37:18", "end": "00:37:23", "text": "talking about you means that you're"}, {"start": "00:37:20", "end": "00:37:27", "text": "somebody. Otherwise, no one would be"}, {"start": "00:37:23", "end": "00:37:30", "text": "talking about you. So, think about that"}, {"start": "00:37:27", "end": "00:37:30", "text": "as well."}, {"start": "00:37:41", "end": "00:37:46", "text": "And we're coming up"}, {"start": "00:37:44", "end": "00:37:49", "text": "a little bit. Little bit. Almost back to"}, {"start": "00:37:46", "end": "00:37:49", "text": "65."}, {"start": "00:38:05", "end": "00:38:09", "text": "Let's pick Zcash. Zcash has been really"}, {"start": "00:38:07", "end": "00:38:12", "text": "hot"}, {"start": "00:38:09", "end": "00:38:15", "text": "and uh I don't know let's put ADA in"}, {"start": "00:38:12", "end": "00:38:15", "text": "here."}, {"start": "00:38:16", "end": "00:38:22", "text": "So this is pretty pretty amazing. If you"}, {"start": "00:38:18", "end": "00:38:26", "text": "look at Zcash live 90day performance"}, {"start": "00:38:22", "end": "00:38:30", "text": "Zcash is up 58% versus Bitcoin down 17%"}, {"start": "00:38:26", "end": "00:38:33", "text": "and ADA down 38% in the last 90 days."}, {"start": "00:38:30", "end": "00:38:38", "text": "And if you look at last 30 days up 9%"}, {"start": "00:38:33", "end": "00:38:41", "text": "versus minus 3% - 7%."}, {"start": "00:38:38", "end": "00:38:45", "text": "So Zcash has done really well. Privacy"}, {"start": "00:38:41", "end": "00:38:48", "text": "seems to be a big thing. And out of all"}, {"start": "00:38:45", "end": "00:38:51", "text": "people Chamath tweeted out yesterday"}, {"start": "00:38:48", "end": "00:38:53", "text": "something about privacy and the cash."}, {"start": "00:38:51", "end": "00:38:55", "text": "Really weird. I didn't read the whole"}, {"start": "00:38:53", "end": "00:38:58", "text": "thing but I guess he still pays"}, {"start": "00:38:55", "end": "00:38:58", "text": "attention to crypto."}, {"start": "00:39:43", "end": "00:39:47", "text": "Man, that was fast. That was a fast"}, {"start": "00:39:45", "end": "00:39:50", "text": "answer right there. Oops. And now it's"}, {"start": "00:39:47", "end": "00:39:54", "text": "an internal error."}, {"start": "00:39:50", "end": "00:39:54", "text": "What happened? Uh"}, {"start": "00:40:00", "end": "00:40:05", "text": "Okay, maybe the server just got reset."}, {"start": "00:40:06", "end": "00:40:12", "text": "Bottom line, Zcash shows early momentum"}, {"start": "00:40:09", "end": "00:40:15", "text": "up 18% over seven days. Trade above 550."}, {"start": "00:40:12", "end": "00:40:20", "text": "Okay, which is awesome. Price broken"}, {"start": "00:40:15", "end": "00:40:22", "text": "above a key level 550 with 12 million in"}, {"start": "00:40:20", "end": "00:40:24", "text": "short liquidation signal tactical"}, {"start": "00:40:22", "end": "00:40:27", "text": "capitulation."}, {"start": "00:40:24", "end": "00:40:31", "text": "7day. Yeah, it shows a lot of good"}, {"start": "00:40:27", "end": "00:40:33", "text": "stuff. Um, what matters next? You guys"}, {"start": "00:40:31", "end": "00:40:35", "text": "can't see it, but let me remove it. What"}, {"start": "00:40:33", "end": "00:40:38", "text": "matters next? Iron Ironwood upgrade"}, {"start": "00:40:35", "end": "00:40:41", "text": "execution. That's a big one. Exchange"}, {"start": "00:40:38", "end": "00:40:44", "text": "listings onchain privacy activity"}, {"start": "00:40:41", "end": "00:40:46", "text": "resistance hold above 600."}, {"start": "00:40:44", "end": "00:40:48", "text": "Okay,"}, {"start": "00:40:46", "end": "00:40:51", "text": "so"}, {"start": "00:40:48", "end": "00:40:55", "text": "good stuff. That's a good answer. And"}, {"start": "00:40:51", "end": "00:40:58", "text": "this is built in every single"}, {"start": "00:40:55", "end": "00:41:01", "text": "every single thing. And also has a"}, {"start": "00:40:58", "end": "00:41:05", "text": "thesis here as well. I guess we really"}, {"start": "00:41:01", "end": "00:41:07", "text": "don't need a thesis. But"}, {"start": "00:41:05", "end": "00:41:09", "text": "yeah, maybe that could be improved. And"}, {"start": "00:41:07", "end": "00:41:13", "text": "rather than a thesis, it should be like"}, {"start": "00:41:09", "end": "00:41:13", "text": "what Zcash is."}, {"start": "00:41:13", "end": "00:41:17", "text": "But even a thesis is pretty good, too."}, {"start": "00:41:21", "end": "00:41:25", "text": "One year,"}, {"start": "00:41:23", "end": "00:41:31", "text": "man, that's crazy."}, {"start": "00:41:25", "end": "00:41:31", "text": "One year for Zcash is up 1,200%."}, {"start": "00:41:31", "end": "00:41:38", "text": "From last year till now, 1,200%."}, {"start": "00:41:35", "end": "00:41:42", "text": "I don't know what what jolted this, but"}, {"start": "00:41:38", "end": "00:41:42", "text": "man, that's that's crazy."}, {"start": "00:41:59", "end": "00:42:04", "text": "uh Paradise Adventures. What I recommend"}, {"start": "00:42:01", "end": "00:42:08", "text": "is this. Get a $20"}, {"start": "00:42:04", "end": "00:42:12", "text": "um get a $20 GPT plan,"}, {"start": "00:42:08", "end": "00:42:15", "text": "okay? And then download Codeex. It's"}, {"start": "00:42:12", "end": "00:42:15", "text": "it's from them."}, {"start": "00:42:15", "end": "00:42:22", "text": "So,"}, {"start": "00:42:17", "end": "00:42:24", "text": "so like right now, okay, you GBT56 is"}, {"start": "00:42:22", "end": "00:42:26", "text": "the one I recommend. You get a lot of"}, {"start": "00:42:24", "end": "00:42:29", "text": "resets, a lot of usage. It's a great"}, {"start": "00:42:26", "end": "00:42:33", "text": "model. There's a lot. So, get a get a"}, {"start": "00:42:29", "end": "00:42:36", "text": "$20 plan and you could use the visit and"}, {"start": "00:42:33", "end": "00:42:39", "text": "get one and then"}, {"start": "00:42:36", "end": "00:42:41", "text": "go with the codec."}, {"start": "00:42:39", "end": "00:42:43", "text": "Uh, you don't have to use a CLI. They"}, {"start": "00:42:41", "end": "00:42:47", "text": "have they have like a desktop app. You"}, {"start": "00:42:43", "end": "00:42:50", "text": "could just download the desktop app and"}, {"start": "00:42:47", "end": "00:42:53", "text": "start coding with it. Ask it"}, {"start": "00:42:50", "end": "00:42:55", "text": "what can you help me build and it will"}, {"start": "00:42:53", "end": "00:42:57", "text": "it will tell you like I could help you"}, {"start": "00:42:55", "end": "00:42:58", "text": "build anything. You want to build a"}, {"start": "00:42:57", "end": "00:43:01", "text": "website, you want to build this, you"}, {"start": "00:42:58", "end": "00:43:03", "text": "want to build that. It will help you and"}, {"start": "00:43:01", "end": "00:43:05", "text": "it will do it. The the main thing is you"}, {"start": "00:43:03", "end": "00:43:07", "text": "have to figure out where to put your"}, {"start": "00:43:05", "end": "00:43:09", "text": "code. So most like you could put a"}, {"start": "00:43:07", "end": "00:43:10", "text": "shrine on your computer if you want, but"}, {"start": "00:43:09", "end": "00:43:12", "text": "most likely if you want other people to"}, {"start": "00:43:10", "end": "00:43:13", "text": "go to it, you don't want to do it, you"}, {"start": "00:43:12", "end": "00:43:15", "text": "don't want to do that, but you could"}, {"start": "00:43:13", "end": "00:43:16", "text": "just build it for fun and it will help"}, {"start": "00:43:15", "end": "00:43:20", "text": "you build something on your computer"}, {"start": "00:43:16", "end": "00:43:22", "text": "that you can use and watch. Uh but if"}, {"start": "00:43:20", "end": "00:43:23", "text": "you want something that you want other"}, {"start": "00:43:22", "end": "00:43:26", "text": "people to access, then you have to put"}, {"start": "00:43:23", "end": "00:43:30", "text": "on some kind of cloud host. And again,"}, {"start": "00:43:26", "end": "00:43:32", "text": "it will tell you like where do you go?"}, {"start": "00:43:30", "end": "00:43:35", "text": "Where should I go for cloud hosting? And"}, {"start": "00:43:32", "end": "00:43:38", "text": "it will tell you and how to set it up."}, {"start": "00:43:35", "end": "00:43:41", "text": "And most of the cloud ho hosts can be"}, {"start": "00:43:38", "end": "00:43:43", "text": "hooked up to a AI agent. So once you set"}, {"start": "00:43:41", "end": "00:43:45", "text": "it up, once you create account, you give"}, {"start": "00:43:43", "end": "00:43:49", "text": "it access, it'll just configure it for"}, {"start": "00:43:45", "end": "00:43:51", "text": "you and it'll just do it. It it could do"}, {"start": "00:43:49", "end": "00:43:53", "text": "anything. You just have to apply. That's"}, {"start": "00:43:51", "end": "00:43:56", "text": "basically it."}, {"start": "00:43:53", "end": "00:43:58", "text": "Um, but I I recommend Codeex and GBD"}, {"start": "00:43:56", "end": "00:44:01", "text": "right now, especially since they keep on"}, {"start": "00:43:58", "end": "00:44:04", "text": "resetting everyone's limits. a $20 limit"}, {"start": "00:44:01", "end": "00:44:06", "text": "will get you pretty far uh if you're if"}, {"start": "00:44:04", "end": "00:44:09", "text": "you're not just hammering away at their"}, {"start": "00:44:06", "end": "00:44:11", "text": "top model, which is Soul."}, {"start": "00:44:09", "end": "00:44:14", "text": "So, the best is to use Soul to plan and"}, {"start": "00:44:11", "end": "00:44:15", "text": "then drop it to Luna if you want to"}, {"start": "00:44:14", "end": "00:44:20", "text": "code."}, {"start": "00:44:15", "end": "00:44:20", "text": "That's the best way to do it."}, {"start": "00:44:53", "end": "00:44:59", "text": "Yep, I think that's pretty much it."}, {"start": "00:44:56", "end": "00:45:02", "text": "Overall, today's kind of a kind of a"}, {"start": "00:44:59", "end": "00:45:05", "text": "boring day, I guess. And that's not bad."}, {"start": "00:45:02", "end": "00:45:09", "text": "Bitcoin being at 646"}, {"start": "00:45:05", "end": "00:45:09", "text": "is not bad at all."}, {"start": "00:45:11", "end": "00:45:18", "text": "It could be better, but right now more"}, {"start": "00:45:15", "end": "00:45:20", "text": "more fear about escalation, about"}, {"start": "00:45:18", "end": "00:45:22", "text": "inflation,"}, {"start": "00:45:20", "end": "00:45:24", "text": "you know, all that good stuff. But we"}, {"start": "00:45:22", "end": "00:45:27", "text": "got good things to look forward to."}, {"start": "00:45:24", "end": "00:45:29", "text": "Clarity Act, obviously money rotation"}, {"start": "00:45:27", "end": "00:45:33", "text": "back in the ETFs, we're starting to see"}, {"start": "00:45:29", "end": "00:45:36", "text": "that. Institutions like Black Rockck"}, {"start": "00:45:33", "end": "00:45:38", "text": "still very bullish on Bitcoin. It's one"}, {"start": "00:45:36", "end": "00:45:42", "text": "of those times you just got to relax,"}, {"start": "00:45:38", "end": "00:45:44", "text": "continue to hold and DCA and utilize all"}, {"start": "00:45:42", "end": "00:45:46", "text": "the damn tools that I'm giving you guys"}, {"start": "00:45:44", "end": "00:45:48", "text": "for free"}, {"start": "00:45:46", "end": "00:45:52", "text": "on Ask Clash and just use it to your"}, {"start": "00:45:48", "end": "00:45:55", "text": "fullest potential and learn everything"}, {"start": "00:45:52", "end": "00:45:58", "text": "that you can about everything."}, {"start": "00:45:55", "end": "00:46:01", "text": "All right, have a good one, guys."}, {"start": "00:45:58", "end": "00:46:01", "text": "Take care."}]

[{"start": "00:00:04", "end": "00:00:09", "text": "Welcome back to Cryptos are Us. I'm"}, {"start": "00:00:07", "end": "00:00:12", "text": "George."}, {"start": "00:00:09", "end": "00:00:14", "text": "We're all George. Welcome to another"}, {"start": "00:00:12", "end": "00:00:18", "text": "market open stream. Today things are"}, {"start": "00:00:14", "end": "00:00:22", "text": "looking very very green for crypto, for"}, {"start": "00:00:18", "end": "00:00:24", "text": "US markets. Overall, it's looking like a"}, {"start": "00:00:22", "end": "00:00:27", "text": "fantastic"}, {"start": "00:00:24", "end": "00:00:29", "text": "start so far. So, let's talk about it"}, {"start": "00:00:27", "end": "00:00:32", "text": "and let's talk about what's going on in"}, {"start": "00:00:29", "end": "00:00:34", "text": "the world and why Bitcoin's next move"}, {"start": "00:00:32", "end": "00:00:38", "text": "could surprise"}, {"start": "00:00:34", "end": "00:00:42", "text": "everyone. All right, let's do it, guys."}, {"start": "00:00:38", "end": "00:00:45", "text": "Let's do it. Welcome, welcome, welcome."}, {"start": "00:00:42", "end": "00:00:48", "text": "Look at this. You know, in my video last"}, {"start": "00:00:45", "end": "00:00:51", "text": "night talked about breaking above that"}, {"start": "00:00:48", "end": "00:00:55", "text": "65,000 resistance."}, {"start": "00:00:51", "end": "00:00:58", "text": "We have done it and now we're looking at"}, {"start": "00:00:55", "end": "00:01:01", "text": "this next breakout target of 665"}, {"start": "00:00:58", "end": "00:01:04", "text": "and that is a point we haven't been able"}, {"start": "00:01:01", "end": "00:01:07", "text": "to break since you had to go back a"}, {"start": "00:01:04", "end": "00:01:08", "text": "while all the way to the beginning of"}, {"start": "00:01:07", "end": "00:01:12", "text": "June"}, {"start": "00:01:08", "end": "00:01:13", "text": "right so that is the next stop and if"}, {"start": "00:01:12", "end": "00:01:17", "text": "we're able to break that things are"}, {"start": "00:01:13", "end": "00:01:19", "text": "going to look really nice going forward"}, {"start": "00:01:17", "end": "00:01:22", "text": "I can look at more charts afterwards but"}, {"start": "00:01:19", "end": "00:01:25", "text": "right Now,"}, {"start": "00:01:22", "end": "00:01:30", "text": "uh, like I said, it's looking green. ETH"}, {"start": "00:01:25", "end": "00:01:34", "text": "is up, XRP up, Soul's up, hype is up."}, {"start": "00:01:30", "end": "00:01:38", "text": "You got a lot of things. Zcash is up."}, {"start": "00:01:34", "end": "00:01:40", "text": "Very, very green right now. And that is"}, {"start": "00:01:38", "end": "00:01:43", "text": "fantastic."}, {"start": "00:01:40", "end": "00:01:46", "text": "Fantastic. The US market,"}, {"start": "00:01:43", "end": "00:01:51", "text": "let's see. Yep, green. Yesterday was"}, {"start": "00:01:46", "end": "00:01:53", "text": "green because of a big surprise reading"}, {"start": "00:01:51", "end": "00:01:57", "text": "where inflation went down and look at"}, {"start": "00:01:53", "end": "00:02:01", "text": "this wholesale prices unexpectedly"}, {"start": "00:01:57", "end": "00:02:06", "text": "decline at.3% in June on a big drop in"}, {"start": "00:02:01", "end": "00:02:09", "text": "gasoline. So, just like yesterday,"}, {"start": "00:02:06", "end": "00:02:12", "text": "we got a CPI reading and it came down"}, {"start": "00:02:09", "end": "00:02:14", "text": "drastically, like drastically. Almost"}, {"start": "00:02:12", "end": "00:02:16", "text": "like didn't make sense how much it went"}, {"start": "00:02:14", "end": "00:02:19", "text": "down just like today. Unexpectedly"}, {"start": "00:02:16", "end": "00:02:22", "text": "declined by.3%."}, {"start": "00:02:19", "end": "00:02:24", "text": "Inflation numbers are looking good. It's"}, {"start": "00:02:22", "end": "00:02:29", "text": "kind of hard to believe. Makes you"}, {"start": "00:02:24", "end": "00:02:32", "text": "wonder, are these real numbers,"}, {"start": "00:02:29", "end": "00:02:34", "text": "right? with elevated oil, with the"}, {"start": "00:02:32", "end": "00:02:37", "text": "spending, with everything that's going"}, {"start": "00:02:34", "end": "00:02:41", "text": "on and prices at the grocery store or"}, {"start": "00:02:37", "end": "00:02:44", "text": "wherever still quite high."}, {"start": "00:02:41", "end": "00:02:46", "text": "Aren't these numbers correct?"}, {"start": "00:02:44", "end": "00:02:48", "text": "But makes no difference because"}, {"start": "00:02:46", "end": "00:02:51", "text": "investors believe in it and they are"}, {"start": "00:02:48", "end": "00:02:57", "text": "buying. So that's really all that"}, {"start": "00:02:51", "end": "00:02:59", "text": "matters. Um, so yeah, so yesterday"}, {"start": "00:02:57", "end": "00:03:03", "text": "Trump threatened that they were going to"}, {"start": "00:02:59", "end": "00:03:07", "text": "start bombing more oil infrastructure,"}, {"start": "00:03:03", "end": "00:03:10", "text": "bridges, and all that stuff. And you"}, {"start": "00:03:07", "end": "00:03:14", "text": "know what? It happened. I don't know the"}, {"start": "00:03:10", "end": "00:03:18", "text": "exact details on what was hit, but the"}, {"start": "00:03:14", "end": "00:03:20", "text": "US did launch a fresh wave of strikes on"}, {"start": "00:03:18", "end": "00:03:24", "text": "Iran."}, {"start": "00:03:20", "end": "00:03:27", "text": "And uh we'll see if this ends up being a"}, {"start": "00:03:24", "end": "00:03:30", "text": "forever war. Some people, okay, have"}, {"start": "00:03:27", "end": "00:03:34", "text": "said that um that one person that got a"}, {"start": "00:03:30", "end": "00:03:36", "text": "lot of fame recently, Professor Yang,"}, {"start": "00:03:34", "end": "00:03:37", "text": "he he has done a lot of interviews, a"}, {"start": "00:03:36", "end": "00:03:39", "text": "lot of social clips around him, like"}, {"start": "00:03:37", "end": "00:03:42", "text": "this Chinese high school teacher, but"}, {"start": "00:03:39", "end": "00:03:44", "text": "he's called Professor. He's made some"}, {"start": "00:03:42", "end": "00:03:47", "text": "predictions in the past has come true."}, {"start": "00:03:44", "end": "00:03:49", "text": "who sounds very intelligent, but he one"}, {"start": "00:03:47", "end": "00:03:51", "text": "of the things he's warned is that this"}, {"start": "00:03:49", "end": "00:03:55", "text": "war is going to be like a forever war"}, {"start": "00:03:51", "end": "00:03:57", "text": "and soon Trump will have to deploy boots"}, {"start": "00:03:55", "end": "00:03:59", "text": "on the ground. Let's hope that he is"}, {"start": "00:03:57", "end": "00:04:02", "text": "wrong with that prediction because if"}, {"start": "00:03:59", "end": "00:04:05", "text": "this drags on and on and on and on, it's"}, {"start": "00:04:02", "end": "00:04:08", "text": "no good and no one wants that and it's"}, {"start": "00:04:05", "end": "00:04:12", "text": "going to cost the US"}, {"start": "00:04:08", "end": "00:04:14", "text": "billions to trillions to run and that is"}, {"start": "00:04:12", "end": "00:04:16", "text": "not what we want. We want inflation to"}, {"start": "00:04:14", "end": "00:04:21", "text": "go down. We don't want more money"}, {"start": "00:04:16", "end": "00:04:21", "text": "printing. We don't want more"}, {"start": "00:04:21", "end": "00:04:27", "text": "elevated oil prices, which is exactly"}, {"start": "00:04:24", "end": "00:04:29", "text": "what happened. So oil was down almost"}, {"start": "00:04:27", "end": "00:04:31", "text": "into the 60s. I think it did fall into"}, {"start": "00:04:29", "end": "00:04:33", "text": "the 60s. Now it's back into the 80s"}, {"start": "00:04:31", "end": "00:04:35", "text": "again because this war situation and it"}, {"start": "00:04:33", "end": "00:04:38", "text": "sucks."}, {"start": "00:04:35", "end": "00:04:38", "text": "So"}, {"start": "00:04:38", "end": "00:04:43", "text": "yeah, but despite all that, you know,"}, {"start": "00:04:41", "end": "00:04:47", "text": "markets are kind of shrugging off right"}, {"start": "00:04:43", "end": "00:04:49", "text": "now, right? Shrugging off because we got"}, {"start": "00:04:47", "end": "00:04:52", "text": "fresh round of inflation reports that"}, {"start": "00:04:49", "end": "00:04:54", "text": "show that inflation's going down. But if"}, {"start": "00:04:52", "end": "00:04:56", "text": "we get fresh rounds of inflation numbers"}, {"start": "00:04:54", "end": "00:04:58", "text": "unexpectedly"}, {"start": "00:04:56", "end": "00:05:02", "text": "jumping up, that's going to reverse"}, {"start": "00:04:58", "end": "00:05:04", "text": "things really, really quickly, right? So"}, {"start": "00:05:02", "end": "00:05:07", "text": "we don't want that. We don't want that."}, {"start": "00:05:04", "end": "00:05:10", "text": "Um, current and former employees sue"}, {"start": "00:05:07", "end": "00:05:12", "text": "Meta alleging discrimination in using"}, {"start": "00:05:10", "end": "00:05:14", "text": "AI. See, they're going to have a hard"}, {"start": "00:05:12", "end": "00:05:17", "text": "time with this"}, {"start": "00:05:14", "end": "00:05:19", "text": "because I think that's the point of why"}, {"start": "00:05:17", "end": "00:05:22", "text": "AI was used. So, it can't really"}, {"start": "00:05:19", "end": "00:05:24", "text": "discriminate because it's AI. It's"}, {"start": "00:05:22", "end": "00:05:26", "text": "neutral."}, {"start": "00:05:24", "end": "00:05:29", "text": "But they're saying it's discriminatory"}, {"start": "00:05:26", "end": "00:05:32", "text": "because the AI didn't take into account"}, {"start": "00:05:29", "end": "00:05:34", "text": "paid holidays and paid time off and"}, {"start": "00:05:32", "end": "00:05:38", "text": "stuff like that. So it's quite"}, {"start": "00:05:34", "end": "00:05:39", "text": "interesting because you know how like"}, {"start": "00:05:38", "end": "00:05:42", "text": "you know there are certain rules that"}, {"start": "00:05:39", "end": "00:05:44", "text": "has been in place forever uh like"}, {"start": "00:05:42", "end": "00:05:46", "text": "financial advice right people are not"}, {"start": "00:05:44", "end": "00:05:48", "text": "supposed to give financial advice"}, {"start": "00:05:46", "end": "00:05:52", "text": "because they'll get sued or whatever but"}, {"start": "00:05:48", "end": "00:05:54", "text": "now if you get financial advice from AI"}, {"start": "00:05:52", "end": "00:05:56", "text": "there's no one to sue I haven't heard of"}, {"start": "00:05:54", "end": "00:05:58", "text": "anyone trying to sue open AI and claw"}, {"start": "00:05:56", "end": "00:06:00", "text": "because of financial advice so this is"}, {"start": "00:05:58", "end": "00:06:03", "text": "this is kind of like down that realm"}, {"start": "00:06:00", "end": "00:06:06", "text": "right big companies are always afraid up"}, {"start": "00:06:03", "end": "00:06:08", "text": "firing employees because of because of"}, {"start": "00:06:06", "end": "00:06:10", "text": "this because people could sue for"}, {"start": "00:06:08", "end": "00:06:13", "text": "discrimination one way or another. But"}, {"start": "00:06:10", "end": "00:06:15", "text": "if you're using AI to do it and you're"}, {"start": "00:06:13", "end": "00:06:19", "text": "just telling AI to do it based on facts,"}, {"start": "00:06:15", "end": "00:06:21", "text": "it's kind of hard to"}, {"start": "00:06:19", "end": "00:06:23", "text": "to sue that to counter that. We'll see"}, {"start": "00:06:21", "end": "00:06:25", "text": "how that goes. I just found that to be"}, {"start": "00:06:23", "end": "00:06:27", "text": "quite interesting."}, {"start": "00:06:25", "end": "00:06:30", "text": "[snorts] And this is interesting. Brian"}, {"start": "00:06:27", "end": "00:06:34", "text": "Armstrong now reveals that Coinbase is"}, {"start": "00:06:30", "end": "00:06:37", "text": "95% by coded by AI. It's actually like"}, {"start": "00:06:34", "end": "00:06:41", "text": "100%. No one wants to admit it, but all"}, {"start": "00:06:37", "end": "00:06:44", "text": "code now is done 100% by AI. Now, you"}, {"start": "00:06:41", "end": "00:06:47", "text": "could you need people to kind of think"}, {"start": "00:06:44", "end": "00:06:49", "text": "about it and ask the right questions and"}, {"start": "00:06:47", "end": "00:06:52", "text": "direct AI in the right way. So you still"}, {"start": "00:06:49", "end": "00:06:55", "text": "need some people involved but basically"}, {"start": "00:06:52", "end": "00:06:58", "text": "when it comes down to coding there is no"}, {"start": "00:06:55", "end": "00:07:00", "text": "one coding by hand because it is it"}, {"start": "00:06:58", "end": "00:07:04", "text": "would be irresponsible if you did that"}, {"start": "00:07:00", "end": "00:07:08", "text": "because code could be vibe coded by AI"}, {"start": "00:07:04", "end": "00:07:11", "text": "at a thousand 10,000 a million times"}, {"start": "00:07:08", "end": "00:07:14", "text": "faster and more efficient than a human"}, {"start": "00:07:11", "end": "00:07:18", "text": "can. So"}, {"start": "00:07:14", "end": "00:07:20", "text": "not a surprise not a surprise."}, {"start": "00:07:18", "end": "00:07:22", "text": "All right. Uh then this nothing to do"}, {"start": "00:07:20", "end": "00:07:24", "text": "with anything, but it's interesting."}, {"start": "00:07:22", "end": "00:07:26", "text": "Stripe,"}, {"start": "00:07:24", "end": "00:07:28", "text": "a dominant powerhouse now in the payment"}, {"start": "00:07:26", "end": "00:07:31", "text": "sector, and they do accept crypto as"}, {"start": "00:07:28", "end": "00:07:35", "text": "well. They're trying to buy PayPal for"}, {"start": "00:07:31", "end": "00:07:37", "text": "$53 billion."}, {"start": "00:07:35", "end": "00:07:39", "text": "I thought PayPal was bigger. PayPal is"}, {"start": "00:07:37", "end": "00:07:42", "text": "enormous. They have their own stable"}, {"start": "00:07:39", "end": "00:07:44", "text": "coin too, PYUSD, but I don't hear a lot"}, {"start": "00:07:42", "end": "00:07:47", "text": "of people use it or talk about it, but"}, {"start": "00:07:44", "end": "00:07:50", "text": "it is on the market cap page. But"}, {"start": "00:07:47", "end": "00:07:51", "text": "anyways, this uh this could be huge."}, {"start": "00:07:50", "end": "00:07:55", "text": "Maybe they want to buy them because they"}, {"start": "00:07:51", "end": "00:07:56", "text": "want to get into the stable coin game. A"}, {"start": "00:07:55", "end": "00:07:58", "text": "lot of people are trying to get into"}, {"start": "00:07:56", "end": "00:08:00", "text": "stable coin game because of the Clarity"}, {"start": "00:07:58", "end": "00:08:02", "text": "Act and the Genus bill that already"}, {"start": "00:08:00", "end": "00:08:05", "text": "passed, right? This could be a big"}, {"start": "00:08:02", "end": "00:08:08", "text": "reason why because PayPal has their own"}, {"start": "00:08:05", "end": "00:08:11", "text": "stable coin I guess relatively adopted"}, {"start": "00:08:08", "end": "00:08:12", "text": "already by a lot of exchanges and by a"}, {"start": "00:08:11", "end": "00:08:16", "text": "lot of"}, {"start": "00:08:12", "end": "00:08:16", "text": "financial products."}, {"start": "00:08:17", "end": "00:08:23", "text": "Interesting. Interesting."}, {"start": "00:08:20", "end": "00:08:28", "text": "All right. Well, this is interesting."}, {"start": "00:08:23", "end": "00:08:30", "text": "So, we reversed the red outflow from the"}, {"start": "00:08:28", "end": "00:08:32", "text": "from Monday, I guess. And then uh"}, {"start": "00:08:30", "end": "00:08:34", "text": "yesterday we had a pretty good inflow"}, {"start": "00:08:32", "end": "00:08:38", "text": "for Bitcoin."}, {"start": "00:08:34", "end": "00:08:42", "text": "181 million"}, {"start": "00:08:38", "end": "00:08:47", "text": "181 million inflow yesterday for"}, {"start": "00:08:42", "end": "00:08:52", "text": "Bitcoin. Uh ETH had a plus 58 million."}, {"start": "00:08:47", "end": "00:08:56", "text": "That is that is good. Soul had zero and"}, {"start": "00:08:52", "end": "00:08:58", "text": "XRP had zero or it was close to zero. I"}, {"start": "00:08:56", "end": "00:09:02", "text": "don't know. But plus 58 million for ETH,"}, {"start": "00:08:58", "end": "00:09:05", "text": "plus 181 million for Bitcoin. Great"}, {"start": "00:09:02", "end": "00:09:07", "text": "numbers. We want to see more of that."}, {"start": "00:09:05", "end": "00:09:09", "text": "And today we probably will if we"}, {"start": "00:09:07", "end": "00:09:11", "text": "continue to see upwards movement. We"}, {"start": "00:09:09", "end": "00:09:14", "text": "could break through that resistance."}, {"start": "00:09:11", "end": "00:09:18", "text": "It's going to be huge at 66 something"}, {"start": "00:09:14", "end": "00:09:21", "text": "resistance. We'll take a look. Um and we"}, {"start": "00:09:18", "end": "00:09:25", "text": "had 207 million of liquidity, overall"}, {"start": "00:09:21", "end": "00:09:28", "text": "liquidity come in yesterday as well. So"}, {"start": "00:09:25", "end": "00:09:30", "text": "these numbers can move very quick very"}, {"start": "00:09:28", "end": "00:09:33", "text": "very quick"}, {"start": "00:09:30", "end": "00:09:35", "text": "okay with some catalyst with a little"}, {"start": "00:09:33", "end": "00:09:37", "text": "bit of momentum capital rotation could"}, {"start": "00:09:35", "end": "00:09:40", "text": "come in really quick yesterday everyone"}, {"start": "00:09:37", "end": "00:09:42", "text": "was talking about IBM IBM sold off 25%"}, {"start": "00:09:40", "end": "00:09:48", "text": "in a day because there are a lot of"}, {"start": "00:09:42", "end": "00:09:51", "text": "hyped up AI companies okay or they're"}, {"start": "00:09:48", "end": "00:09:54", "text": "sort of in AI"}, {"start": "00:09:51", "end": "00:09:56", "text": "um they're expected to perform like a"}, {"start": "00:09:54", "end": "00:10:00", "text": "hot AI company and if they miss under"}, {"start": "00:09:56", "end": "00:10:02", "text": "report they will be sold off hard. So a"}, {"start": "00:10:00", "end": "00:10:04", "text": "lot of that rotation could be happening"}, {"start": "00:10:02", "end": "00:10:06", "text": "soon."}, {"start": "00:10:04", "end": "00:10:09", "text": "Okay. So you just got to watch out for"}, {"start": "00:10:06", "end": "00:10:12", "text": "that."}, {"start": "00:10:09", "end": "00:10:12", "text": "Japan"}, {"start": "00:10:14", "end": "00:10:18", "text": "fourth largest economy in the world. You"}, {"start": "00:10:16", "end": "00:10:21", "text": "know, if California"}, {"start": "00:10:18", "end": "00:10:23", "text": "was the economy"}, {"start": "00:10:21", "end": "00:10:25", "text": "by itself, I think it would be the fifth"}, {"start": "00:10:23", "end": "00:10:27", "text": "largest in the world. That's how big"}, {"start": "00:10:25", "end": "00:10:29", "text": "California is just by itself. Or maybe"}, {"start": "00:10:27", "end": "00:10:31", "text": "California is fourth. I don't know. It"}, {"start": "00:10:29", "end": "00:10:34", "text": "was some ridiculous number. It was like"}, {"start": "00:10:31", "end": "00:10:37", "text": "in the top five."}, {"start": "00:10:34", "end": "00:10:40", "text": "Uh but anyways, they just approved"}, {"start": "00:10:37", "end": "00:10:44", "text": "Bitcoin ETFs."}, {"start": "00:10:40", "end": "00:10:49", "text": "Okay. And uh basically Bitcoin ATS will"}, {"start": "00:10:44", "end": "00:10:51", "text": "get listed in either late 2027 or 2028."}, {"start": "00:10:49", "end": "00:10:55", "text": "And they're proposing to cut crypto"}, {"start": "00:10:51", "end": "00:10:57", "text": "taxes down from 55% to a flat 20%."}, {"start": "00:10:55", "end": "00:10:59", "text": "Matching stock market rates. That would"}, {"start": "00:10:57", "end": "00:11:02", "text": "be huge. That's probably a big reason"}, {"start": "00:10:59", "end": "00:11:04", "text": "why not more Japanese companies and"}, {"start": "00:11:02", "end": "00:11:07", "text": "individuals are in crypto. That's why"}, {"start": "00:11:04", "end": "00:11:08", "text": "they're like FOMO into stock markets"}, {"start": "00:11:07", "end": "00:11:11", "text": "because"}, {"start": "00:11:08", "end": "00:11:13", "text": "their stock is I mean their tax rate is"}, {"start": "00:11:11", "end": "00:11:16", "text": "only 20%."}, {"start": "00:11:13", "end": "00:11:18", "text": "For stocks but 55% for crypto that"}, {"start": "00:11:16", "end": "00:11:21", "text": "doesn't seem a whole"}, {"start": "00:11:18", "end": "00:11:23", "text": "doesn't seem fair. Let's just say right"}, {"start": "00:11:21", "end": "00:11:25", "text": "but that can make a huge difference but"}, {"start": "00:11:23", "end": "00:11:27", "text": "that's going to take a while like over a"}, {"start": "00:11:25", "end": "00:11:29", "text": "year but it's still moving in the right"}, {"start": "00:11:27", "end": "00:11:31", "text": "direction."}, {"start": "00:11:29", "end": "00:11:33", "text": "South Korea also"}, {"start": "00:11:31", "end": "00:11:35", "text": "for their"}, {"start": "00:11:33", "end": "00:11:38", "text": "national wealth strategy, they're going"}, {"start": "00:11:35", "end": "00:11:40", "text": "to start adding crypto. Think about"}, {"start": "00:11:38", "end": "00:11:42", "text": "that. And South Korea right now is like"}, {"start": "00:11:40", "end": "00:11:45", "text": "a mean market. You see their their"}, {"start": "00:11:42", "end": "00:11:48", "text": "market fluctuate 89% in a single trading"}, {"start": "00:11:45", "end": "00:11:50", "text": "session. It is kind of crazy right now,"}, {"start": "00:11:48", "end": "00:11:54", "text": "right? We want that craziness to go into"}, {"start": "00:11:50", "end": "00:11:57", "text": "crypto and during times it has. South"}, {"start": "00:11:54", "end": "00:11:59", "text": "Korea is huge into crypto. Right now,"}, {"start": "00:11:57", "end": "00:12:03", "text": "everyone is still fomoing into AI and"}, {"start": "00:11:59", "end": "00:12:05", "text": "tech companies in general. So, uh that"}, {"start": "00:12:03", "end": "00:12:08", "text": "capital rotation out"}, {"start": "00:12:05", "end": "00:12:13", "text": "once it does happen,"}, {"start": "00:12:08", "end": "00:12:13", "text": "watch out. It's going to be huge, huge."}, {"start": "00:12:13", "end": "00:12:18", "text": "All right."}, {"start": "00:12:15", "end": "00:12:22", "text": "Outside of these,"}, {"start": "00:12:18", "end": "00:12:24", "text": "uh Bitcoin had its highest daily candle"}, {"start": "00:12:22", "end": "00:12:27", "text": "close since January 16th. Right. Still,"}, {"start": "00:12:24", "end": "00:12:31", "text": "like I said, we want to break above that"}, {"start": "00:12:27", "end": "00:12:34", "text": "66 mark that was formed back in June."}, {"start": "00:12:31", "end": "00:12:36", "text": "I'll look at TA a little bit more after"}, {"start": "00:12:34", "end": "00:12:38", "text": "I get through with this. Uh here's"}, {"start": "00:12:36", "end": "00:12:40", "text": "something that just shows, you know,"}, {"start": "00:12:38", "end": "00:12:43", "text": "oversold RSI level. This is on the"}, {"start": "00:12:40", "end": "00:12:45", "text": "weekly. And when you start recovering,"}, {"start": "00:12:43", "end": "00:12:48", "text": "guess what happens, right? That's when a"}, {"start": "00:12:45", "end": "00:12:50", "text": "bottom is formed and we go higher. It's"}, {"start": "00:12:48", "end": "00:12:53", "text": "just looking more and more likely that"}, {"start": "00:12:50", "end": "00:12:55", "text": "as time passes, 60K is our bottom,"}, {"start": "00:12:53", "end": "00:12:58", "text": "right? Even though we dip below a little"}, {"start": "00:12:55", "end": "00:13:01", "text": "bit, the notion of going to 54 or even"}, {"start": "00:12:58", "end": "00:13:04", "text": "in the 40s or 30s that some people have"}, {"start": "00:13:01", "end": "00:13:06", "text": "speculated just seems like that is out"}, {"start": "00:13:04", "end": "00:13:08", "text": "the door at this point. Now, of course,"}, {"start": "00:13:06", "end": "00:13:11", "text": "it can reverse, but all these technicals"}, {"start": "00:13:08", "end": "00:13:16", "text": "and metrics are showing. We are at the"}, {"start": "00:13:11", "end": "00:13:19", "text": "bottom, okay? And we are recovering."}, {"start": "00:13:16", "end": "00:13:23", "text": "And when we do fully and we get that"}, {"start": "00:13:19", "end": "00:13:26", "text": "capital rotation back in"}, {"start": "00:13:23", "end": "00:13:31", "text": "next stop"}, {"start": "00:13:26", "end": "00:13:33", "text": "could be quite good. Quite good."}, {"start": "00:13:31", "end": "00:13:38", "text": "I don't know if it's 400,000 right away"}, {"start": "00:13:33", "end": "00:13:41", "text": "but back to our high back to 200,000 or"}, {"start": "00:13:38", "end": "00:13:43", "text": "not back to but to going to 200,000"}, {"start": "00:13:41", "end": "00:13:47", "text": "250,000 and after that we'll see where"}, {"start": "00:13:43", "end": "00:13:47", "text": "things go."}, {"start": "00:13:47", "end": "00:13:53", "text": "Uh, outside of Bitcoin, BMBB just had"}, {"start": "00:13:50", "end": "00:13:54", "text": "their 36th quarterly token burn. People"}, {"start": "00:13:53", "end": "00:13:57", "text": "love token burn. It didn't really affect"}, {"start": "00:13:54", "end": "00:14:00", "text": "their price today, nor should it. People"}, {"start": "00:13:57", "end": "00:14:02", "text": "are confused by this. They think that"}, {"start": "00:14:00", "end": "00:14:04", "text": "Binance is buying B&B on the open market"}, {"start": "00:14:02", "end": "00:14:05", "text": "to burn. No, they're just burning their"}, {"start": "00:14:04", "end": "00:14:09", "text": "share. So, it doesn't really affect"}, {"start": "00:14:05", "end": "00:14:11", "text": "anything. They control 50% of the No,"}, {"start": "00:14:09", "end": "00:14:13", "text": "they control more than 50% of supply and"}, {"start": "00:14:11", "end": "00:14:15", "text": "then they're they're burning it down to"}, {"start": "00:14:13", "end": "00:14:18", "text": "50%. something like that. And they they"}, {"start": "00:14:15", "end": "00:14:21", "text": "started since 2017 or whenever they"}, {"start": "00:14:18", "end": "00:14:23", "text": "started, right? So people get excited"}, {"start": "00:14:21", "end": "00:14:25", "text": "when they hear about burning like, \"Oh"}, {"start": "00:14:23", "end": "00:14:28", "text": "my god, they're burning tokens.\" But you"}, {"start": "00:14:25", "end": "00:14:31", "text": "got to look at the the I guess how it"}, {"start": "00:14:28", "end": "00:14:34", "text": "was framed, right? What the the"}, {"start": "00:14:31", "end": "00:14:37", "text": "economics are of the token."}, {"start": "00:14:34", "end": "00:14:39", "text": "Uh Zcash, I mentioned, is breaking"}, {"start": "00:14:37", "end": "00:14:42", "text": "upwards today. They're going they're"}, {"start": "00:14:39", "end": "00:14:44", "text": "going to have this new upgrade, Ironwood"}, {"start": "00:14:42", "end": "00:14:47", "text": "upgrade that makes them more secure."}, {"start": "00:14:44", "end": "00:14:49", "text": "So, a lot of people into privacy coins"}, {"start": "00:14:47", "end": "00:14:53", "text": "recently."}, {"start": "00:14:49", "end": "00:14:56", "text": "Good for them. And Hyperlid is uh"}, {"start": "00:14:53", "end": "00:14:59", "text": "talking with SEC lawyers to make sure"}, {"start": "00:14:56", "end": "00:15:01", "text": "that they are compliant. Okay, that'll"}, {"start": "00:14:59", "end": "00:15:03", "text": "be huge. Hyperlid, we just don't know"}, {"start": "00:15:01", "end": "00:15:05", "text": "what's going on with them. You know,"}, {"start": "00:15:03", "end": "00:15:08", "text": "they offer some crazy leverage. They got"}, {"start": "00:15:05", "end": "00:15:10", "text": "crazy volume. Okay. Um, but they're one"}, {"start": "00:15:08", "end": "00:15:12", "text": "of the big boys now. And if they could"}, {"start": "00:15:10", "end": "00:15:14", "text": "get some crypto clarity that sets the"}, {"start": "00:15:12", "end": "00:15:18", "text": "stage for everyone else that has a"}, {"start": "00:15:14", "end": "00:15:21", "text": "perpetual future stacks, right? It could"}, {"start": "00:15:18", "end": "00:15:22", "text": "be very positive and they have more than"}, {"start": "00:15:21", "end": "00:15:25", "text": "more than enough money to defend"}, {"start": "00:15:22", "end": "00:15:28", "text": "themselves if they if they need to. They"}, {"start": "00:15:25", "end": "00:15:32", "text": "are making money hand over fist right"}, {"start": "00:15:28", "end": "00:15:34", "text": "now. It's crazy crazy."}, {"start": "00:15:32", "end": "00:15:39", "text": "Uh, all right. So, that's pretty much"}, {"start": "00:15:34", "end": "00:15:42", "text": "it. Let's see. US market still green,"}, {"start": "00:15:39", "end": "00:15:44", "text": "still looking green for crypto."}, {"start": "00:15:42", "end": "00:15:46", "text": "We trended down a little bit. I don't"}, {"start": "00:15:44", "end": "00:15:50", "text": "know if we're go hit that breakout"}, {"start": "00:15:46", "end": "00:15:52", "text": "target today, but we are at 65,000."}, {"start": "00:15:50", "end": "00:15:56", "text": "ETH is nearing"}, {"start": "00:15:52", "end": "00:15:57", "text": "uh 2,000. Okay, there's a couple. See"}, {"start": "00:15:56", "end": "00:16:00", "text": "right there, that resistance right"}, {"start": "00:15:57", "end": "00:16:02", "text": "there, 1998."}, {"start": "00:16:00", "end": "00:16:04", "text": "That's what ETH"}, {"start": "00:16:02", "end": "00:16:06", "text": "holders are waiting for. And then uh"}, {"start": "00:16:04", "end": "00:16:09", "text": "Soul didn't really move today. Soul is"}, {"start": "00:16:06", "end": "00:16:13", "text": "only at $78"}, {"start": "00:16:09", "end": "00:16:17", "text": "up about a percent. And XRP, everyone's"}, {"start": "00:16:13", "end": "00:16:19", "text": "favorite, up about 2.44% and a breakout"}, {"start": "00:16:17", "end": "00:16:21", "text": "or resistance is about 115. This is all"}, {"start": "00:16:19", "end": "00:16:25", "text": "lower time frame, right? But I was"}, {"start": "00:16:21", "end": "00:16:27", "text": "looking at Bitcoin on on a higher time"}, {"start": "00:16:25", "end": "00:16:30", "text": "frame, right? So there's a couple"}, {"start": "00:16:27", "end": "00:16:32", "text": "resistance here."}, {"start": "00:16:30", "end": "00:16:36", "text": "Let me see if I could res"}, {"start": "00:16:32", "end": "00:16:40", "text": "can't. There we go. Uh so you got one at"}, {"start": "00:16:36", "end": "00:16:41", "text": "65,000 67,000 then you got one at 74,000"}, {"start": "00:16:40", "end": "00:16:45", "text": "and then you know obvious there's"}, {"start": "00:16:41", "end": "00:16:47", "text": "obvious one here at 82,000."}, {"start": "00:16:45", "end": "00:16:50", "text": "So"}, {"start": "00:16:47", "end": "00:16:52", "text": "things could move quick. Just need that"}, {"start": "00:16:50", "end": "00:16:54", "text": "money to come back in."}, {"start": "00:16:52", "end": "00:16:58", "text": "Need that cap rotation. We saw that"}, {"start": "00:16:54", "end": "00:17:01", "text": "before right here, right? We saw it"}, {"start": "00:16:58", "end": "00:17:03", "text": "until things got really heated with tech"}, {"start": "00:17:01", "end": "00:17:07", "text": "with AI and that's when the cap rotation"}, {"start": "00:17:03", "end": "00:17:07", "text": "came out. But anyways,"}, {"start": "00:17:10", "end": "00:17:16", "text": "where did it go?"}, {"start": "00:17:12", "end": "00:17:16", "text": "Let's do some Q&A."}, {"start": "00:17:26", "end": "00:17:29", "text": "Out of whack here."}, {"start": "00:18:21", "end": "00:18:26", "text": "Hallucinations will be a legal liability"}, {"start": "00:18:23", "end": "00:18:28", "text": "for LM. A president has been made in the"}, {"start": "00:18:26", "end": "00:18:30", "text": "EU. Just something to watch. I don't"}, {"start": "00:18:28", "end": "00:18:32", "text": "know. EU sues over everything. Okay."}, {"start": "00:18:30", "end": "00:18:34", "text": "Some things don't make sense. I don't"}, {"start": "00:18:32", "end": "00:18:38", "text": "think if you use the new frontier"}, {"start": "00:18:34", "end": "00:18:42", "text": "models, they don't really hallucinate."}, {"start": "00:18:38", "end": "00:18:43", "text": "They sometimes use like old knowledge."}, {"start": "00:18:42", "end": "00:18:46", "text": "So if you use if you use all the chat"}, {"start": "00:18:43", "end": "00:18:47", "text": "bots, what they do now is they basically"}, {"start": "00:18:46", "end": "00:18:48", "text": "and this is what I had to do with"}, {"start": "00:18:47", "end": "00:18:50", "text": "asslash"}, {"start": "00:18:48", "end": "00:18:52", "text": "um you have to basically force a search"}, {"start": "00:18:50", "end": "00:18:54", "text": "every time or they will give you stale"}, {"start": "00:18:52", "end": "00:18:56", "text": "data. So it seems like they're"}, {"start": "00:18:54", "end": "00:18:58", "text": "hallucinating but like the frontier"}, {"start": "00:18:56", "end": "00:19:00", "text": "models really don't hallucinate anymore."}, {"start": "00:18:58", "end": "00:19:03", "text": "They're not that bad. It seems like"}, {"start": "00:19:00", "end": "00:19:05", "text": "they're making up stuff only because"}, {"start": "00:19:03", "end": "00:19:08", "text": "they have stale data. But if you force"}, {"start": "00:19:05", "end": "00:19:14", "text": "them to do like a search kind of solves"}, {"start": "00:19:08", "end": "00:19:16", "text": "that problem. But I don't know."}, {"start": "00:19:14", "end": "00:19:18", "text": "One thing I did notice is if you start"}, {"start": "00:19:16", "end": "00:19:21", "text": "yelling at a LM,"}, {"start": "00:19:18", "end": "00:19:25", "text": "like you get really angry at it, you you"}, {"start": "00:19:21", "end": "00:19:28", "text": "like keep yelling at it, then it almost"}, {"start": "00:19:25", "end": "00:19:31", "text": "does seem like it starts making stuff up"}, {"start": "00:19:28", "end": "00:19:33", "text": "just to please you. I don't know why"}, {"start": "00:19:31", "end": "00:19:35", "text": "that is. That I think that's actually a"}, {"start": "00:19:33", "end": "00:19:37", "text": "flaw. They should make AI just neutral"}, {"start": "00:19:35", "end": "00:19:39", "text": "all the time, no matter what you say to"}, {"start": "00:19:37", "end": "00:19:41", "text": "it. But I do notice if you like start"}, {"start": "00:19:39", "end": "00:19:45", "text": "cussing at it and cursing at it, it does"}, {"start": "00:19:41", "end": "00:19:50", "text": "behave differently. And I think with"}, {"start": "00:19:45", "end": "00:19:52", "text": "that they can make more mistakes,"}, {"start": "00:19:50", "end": "00:19:56", "text": "but well, I don't know. I'm sure they're"}, {"start": "00:19:52", "end": "00:19:56", "text": "working at it."}, {"start": "00:19:59", "end": "00:20:02", "text": "Jordan, what will happen to the US in a"}, {"start": "00:20:01", "end": "00:20:05", "text": "war? Can there be a presidential"}, {"start": "00:20:02", "end": "00:20:08", "text": "election? No, it could be halted. It"}, {"start": "00:20:05", "end": "00:20:10", "text": "could be halted."}, {"start": "00:20:08", "end": "00:20:12", "text": "Uh that was one of the theories of how"}, {"start": "00:20:10", "end": "00:20:14", "text": "Trump was going to get a third term. It"}, {"start": "00:20:12", "end": "00:20:17", "text": "was really he doesn't need a third term."}, {"start": "00:20:14", "end": "00:20:20", "text": "Uh if the US in a war"}, {"start": "00:20:17", "end": "00:20:22", "text": "then election is is halted. It's kind of"}, {"start": "00:20:20", "end": "00:20:28", "text": "like how I guess Zalinsky is still in"}, {"start": "00:20:22", "end": "00:20:28", "text": "power because of the war situation."}, {"start": "00:20:36", "end": "00:20:40", "text": "unable to break that resistance."}, {"start": "00:20:41", "end": "00:20:45", "text": "I saw the shorts were making a stand"}, {"start": "00:20:43", "end": "00:20:51", "text": "there too. A lot of shorts right around"}, {"start": "00:20:45", "end": "00:20:55", "text": "66 uh 65 something. So that's our like"}, {"start": "00:20:51", "end": "00:20:55", "text": "shortterm resistance to break."}, {"start": "00:21:04", "end": "00:21:11", "text": "Oh yeah, and tomorrow we do have a we do"}, {"start": "00:21:07", "end": "00:21:11", "text": "have a Trump speech tomorrow."}, {"start": "00:21:46", "end": "00:21:52", "text": "It's tough to find values when"}, {"start": "00:21:48", "end": "00:21:52", "text": "everyone's preferring gambling."}, {"start": "00:21:53", "end": "00:22:00", "text": "That's how it's always been. He just"}, {"start": "00:21:56", "end": "00:22:02", "text": "didn't realize that until now."}, {"start": "00:22:00", "end": "00:22:05", "text": "People like to make fast cash, okay?"}, {"start": "00:22:02", "end": "00:22:07", "text": "That's why people invest. People want to"}, {"start": "00:22:05", "end": "00:22:08", "text": "see results."}, {"start": "00:22:07", "end": "00:22:11", "text": "There's no doubt about it. But there's a"}, {"start": "00:22:08", "end": "00:22:14", "text": "smart way to do it and a not so smart"}, {"start": "00:22:11", "end": "00:22:16", "text": "way to do it, right? And we kind of"}, {"start": "00:22:14", "end": "00:22:18", "text": "learn as we go along. This the same"}, {"start": "00:22:16", "end": "00:22:20", "text": "thing with him."}, {"start": "00:22:18", "end": "00:22:24", "text": "You know, he didn't learn it right away."}, {"start": "00:22:20", "end": "00:22:26", "text": "He made most of his billions towards the"}, {"start": "00:22:24", "end": "00:22:27", "text": "latter half of his life, not the"}, {"start": "00:22:26", "end": "00:22:29", "text": "beginning."}, {"start": "00:22:27", "end": "00:22:32", "text": "You know, everyone's kind of kind of"}, {"start": "00:22:29", "end": "00:22:32", "text": "needs to learn"}, {"start": "00:23:03", "end": "00:23:08", "text": "The US added 2.99 trillion to its debt"}, {"start": "00:23:06", "end": "00:23:09", "text": "in the last 12 months. Approximately 1"}, {"start": "00:23:08", "end": "00:23:12", "text": "trillion of that being interest."}, {"start": "00:23:09", "end": "00:23:14", "text": "[snorts] Just 12 months. Trillions."}, {"start": "00:23:12", "end": "00:23:17", "text": "Yeah. It's one trillion in interest per"}, {"start": "00:23:14", "end": "00:23:19", "text": "year now. And that's because we keep"}, {"start": "00:23:17", "end": "00:23:21", "text": "borrowing money. That's what issuing"}, {"start": "00:23:19", "end": "00:23:24", "text": "bonds"}, {"start": "00:23:21", "end": "00:23:27", "text": "is borrowing money and we have to pay"}, {"start": "00:23:24", "end": "00:23:29", "text": "interest on that. We have to pay what we"}, {"start": "00:23:27", "end": "00:23:32", "text": "owe the ones that have matured and we"}, {"start": "00:23:29", "end": "00:23:33", "text": "issue more bonds and then we can't if we"}, {"start": "00:23:32", "end": "00:23:36", "text": "don't have enough money then we just"}, {"start": "00:23:33", "end": "00:23:39", "text": "start printing. Okay? Uh that's what"}, {"start": "00:23:36", "end": "00:23:41", "text": "happens. So none of that is good. That's"}, {"start": "00:23:39", "end": "00:23:44", "text": "why I don't think anyone wants this war"}, {"start": "00:23:41", "end": "00:23:46", "text": "to go on forever."}, {"start": "00:23:44", "end": "00:23:48", "text": "It's not good long term and it's not"}, {"start": "00:23:46", "end": "00:23:51", "text": "good short term because oil is going to"}, {"start": "00:23:48", "end": "00:23:54", "text": "become elevated again and it's going to"}, {"start": "00:23:51", "end": "00:23:56", "text": "affect inflation and all that stuff that"}, {"start": "00:23:54", "end": "00:23:59", "text": "I keep mentioning. No one no one wants"}, {"start": "00:23:56", "end": "00:24:02", "text": "that."}, {"start": "00:23:59", "end": "00:24:05", "text": "No one wants that."}, {"start": "00:24:02", "end": "00:24:09", "text": "But, you know, part of this is some of"}, {"start": "00:24:05", "end": "00:24:11", "text": "that 4D chess that some people argue"}, {"start": "00:24:09", "end": "00:24:14", "text": "because this has forever changed the"}, {"start": "00:24:11", "end": "00:24:19", "text": "landscape for oil trade."}, {"start": "00:24:14", "end": "00:24:23", "text": "There are a lot more oil buying car oil"}, {"start": "00:24:19", "end": "00:24:27", "text": "tankers are being routed to the US. So,"}, {"start": "00:24:23", "end": "00:24:27", "text": "that's a big part of it."}, {"start": "00:24:28", "end": "00:24:32", "text": "I don't know if it's worth it. Maybe"}, {"start": "00:24:30", "end": "00:24:35", "text": "long run it is short run short run I"}, {"start": "00:24:32", "end": "00:24:38", "text": "guess now not a whole lot of people"}, {"start": "00:24:35", "end": "00:24:38", "text": "agree"}, {"start": "00:24:56", "end": "00:24:59", "text": "the cler act doesn't pass how big effect"}, {"start": "00:24:57", "end": "00:25:01", "text": "do you think it'll have crypto market"}, {"start": "00:24:59", "end": "00:25:04", "text": "not not a lot. I think either way it's"}, {"start": "00:25:01", "end": "00:25:06", "text": "not a lot. I think long run it's"}, {"start": "00:25:04", "end": "00:25:09", "text": "fantastic and if clarity act doesn't"}, {"start": "00:25:06", "end": "00:25:12", "text": "pass there will be other favorable"}, {"start": "00:25:09", "end": "00:25:14", "text": "regulations coming but even if it does"}, {"start": "00:25:12", "end": "00:25:17", "text": "the day it does you're not going to see"}, {"start": "00:25:14", "end": "00:25:21", "text": "Bitcoin pump like 20%. I don't think"}, {"start": "00:25:17", "end": "00:25:24", "text": "it's going to have that much of effect."}, {"start": "00:25:21", "end": "00:25:26", "text": "Um but you know the SEC is already very"}, {"start": "00:25:24", "end": "00:25:29", "text": "favorable. CFTC is very favorable."}, {"start": "00:25:26", "end": "00:25:30", "text": "Clarity Act just makes things a little"}, {"start": "00:25:29", "end": "00:25:33", "text": "more clear. That's why it's called"}, {"start": "00:25:30", "end": "00:25:36", "text": "Clarity Act. But even without it, those"}, {"start": "00:25:33", "end": "00:25:37", "text": "regulations will probably pass anyways."}, {"start": "00:25:36", "end": "00:25:39", "text": "Um, it'll just take longer. It's more"}, {"start": "00:25:37", "end": "00:25:41", "text": "difficult. But there's no reason why"}, {"start": "00:25:39", "end": "00:25:43", "text": "Clarity bill won't get passed. I mean,"}, {"start": "00:25:41", "end": "00:25:45", "text": "there's none."}, {"start": "00:25:43", "end": "00:25:47", "text": "So, I don't know. Every both sides"}, {"start": "00:25:45", "end": "00:25:48", "text": "agreed. It already passed the Senate"}, {"start": "00:25:47", "end": "00:25:53", "text": "once. It's just now it's going through"}, {"start": "00:25:48", "end": "00:25:53", "text": "official voting."}, {"start": "00:25:53", "end": "00:25:58", "text": "Oh, and they just passed. The House just"}, {"start": "00:25:55", "end": "00:26:00", "text": "passed to remove daytime"}, {"start": "00:25:58", "end": "00:26:02", "text": "savings."}, {"start": "00:26:00", "end": "00:26:04", "text": "I didn't even know that that was being"}, {"start": "00:26:02", "end": "00:26:06", "text": "voted, but they voted yes to remove it."}, {"start": "00:26:04", "end": "00:26:08", "text": "So, I don't know. It has to go through"}, {"start": "00:26:06", "end": "00:26:10", "text": "the House of that uh it has to go to the"}, {"start": "00:26:08", "end": "00:26:12", "text": "Senate and it goes to Trump. I know it's"}, {"start": "00:26:10", "end": "00:26:14", "text": "totally different, but it's just like"}, {"start": "00:26:12", "end": "00:26:16", "text": "it's about time. That adjustment just"}, {"start": "00:26:14", "end": "00:26:18", "text": "like screws people up. I don't even know"}, {"start": "00:26:16", "end": "00:26:19", "text": "why we ever implement in the first"}, {"start": "00:26:18", "end": "00:26:23", "text": "place. It's good that we're going to get"}, {"start": "00:26:19", "end": "00:26:23", "text": "rid of it."}, {"start": "00:26:24", "end": "00:26:29", "text": "Will we earn clash in a new game? No."}, {"start": "00:26:27", "end": "00:26:34", "text": "Nothing will earn clash because that"}, {"start": "00:26:29", "end": "00:26:34", "text": "means that there will be inflation. No."}, {"start": "00:26:34", "end": "00:26:38", "text": "But I'm making very good progress with"}, {"start": "00:26:37", "end": "00:26:42", "text": "it. And it's going to be highly"}, {"start": "00:26:38", "end": "00:26:44", "text": "addictive. Very very addictive. Uh"}, {"start": "00:26:42", "end": "00:26:47", "text": "because the premise in the game and I"}, {"start": "00:26:44", "end": "00:26:48", "text": "don't think it exists now. So I just"}, {"start": "00:26:47", "end": "00:26:51", "text": "have to get a few things right. I think"}, {"start": "00:26:48", "end": "00:26:53", "text": "uh once I unleash it, I think it'll be a"}, {"start": "00:26:51", "end": "00:26:54", "text": "slow adoption and it'll be very viral"}, {"start": "00:26:53", "end": "00:26:58", "text": "because people will like really get"}, {"start": "00:26:54", "end": "00:27:02", "text": "addicted to it and then that's when"}, {"start": "00:26:58", "end": "00:27:02", "text": "things will escalate."}, {"start": "00:27:02", "end": "00:27:07", "text": "It'll be part I think I'll make like the"}, {"start": "00:27:04", "end": "00:27:11", "text": "first few like days based on our levels"}, {"start": "00:27:07", "end": "00:27:14", "text": "that are free and then uh to continue I"}, {"start": "00:27:11", "end": "00:27:17", "text": "have to have a subscription on Ask Clash"}, {"start": "00:27:14", "end": "00:27:19", "text": "and then there could be ingame"}, {"start": "00:27:17", "end": "00:27:21", "text": "purchases that you could do with Clash"}, {"start": "00:27:19", "end": "00:27:24", "text": "something like that."}, {"start": "00:27:21", "end": "00:27:27", "text": "So it's going to help but I need to"}, {"start": "00:27:24", "end": "00:27:29", "text": "perfect it. Games are tough. Games are"}, {"start": "00:27:27", "end": "00:27:31", "text": "really tough but I think this one is a"}, {"start": "00:27:29", "end": "00:27:33", "text": "really good premise. I don't know. I"}, {"start": "00:27:31", "end": "00:27:35", "text": "just think it could really take off. I"}, {"start": "00:27:33", "end": "00:27:38", "text": "could be wrong. I've never really made a"}, {"start": "00:27:35", "end": "00:27:38", "text": "game before."}, {"start": "00:27:57", "end": "00:28:01", "text": "Real Madrid. All right. You're making"}, {"start": "00:27:59", "end": "00:28:04", "text": "that point. And even So, if it's true,"}, {"start": "00:28:01", "end": "00:28:07", "text": "okay,"}, {"start": "00:28:04", "end": "00:28:11", "text": "there's uh no point to try to shout it"}, {"start": "00:28:07", "end": "00:28:13", "text": "and and yell out and what is that going"}, {"start": "00:28:11", "end": "00:28:15", "text": "to do with this chat?"}, {"start": "00:28:13", "end": "00:28:17", "text": "What? Force everyone to say yes and"}, {"start": "00:28:15", "end": "00:28:21", "text": "start dumping Bitcoin? Like, I don't"}, {"start": "00:28:17", "end": "00:28:25", "text": "even get the point why you you are so"}, {"start": "00:28:21", "end": "00:28:25", "text": "angry, adamant about it."}, {"start": "00:28:36", "end": "00:28:41", "text": "I hope GTA 6 has some kind of crypto"}, {"start": "00:28:39", "end": "00:28:44", "text": "element to it."}, {"start": "00:28:41", "end": "00:28:48", "text": "I really do. That will help web 3 games"}, {"start": "00:28:44", "end": "00:28:52", "text": "in a big way. In a huge way. So, I"}, {"start": "00:28:48", "end": "00:28:54", "text": "really hope they do. I don't think so."}, {"start": "00:28:52", "end": "00:28:57", "text": "It doesn't seem like they are"}, {"start": "00:28:54", "end": "00:28:59", "text": "incorporate any any crypto features, but"}, {"start": "00:28:57", "end": "00:29:02", "text": "if they incorporate crypto and then"}, {"start": "00:28:59", "end": "00:29:04", "text": "incorporate AI, make all the NPCs AI, it"}, {"start": "00:29:02", "end": "00:29:05", "text": "would be very costly. I don't think"}, {"start": "00:29:04", "end": "00:29:07", "text": "they're going to do that either. But if"}, {"start": "00:29:05", "end": "00:29:10", "text": "they did,"}, {"start": "00:29:07", "end": "00:29:12", "text": "it would be enormous"}, {"start": "00:29:10", "end": "00:29:13", "text": "for both"}, {"start": "00:29:12", "end": "00:29:16", "text": "because you're going to have like a"}, {"start": "00:29:13", "end": "00:29:20", "text": "billion people on that game."}, {"start": "00:29:16", "end": "00:29:20", "text": "So, it's going to be huge."}, {"start": "00:29:57", "end": "00:30:03", "text": "Yeah, it probably there is some truth to"}, {"start": "00:29:59", "end": "00:30:06", "text": "that. Fred read, \"Okay, but what's the"}, {"start": "00:30:03", "end": "00:30:08", "text": "point? It already happened. We're in"}, {"start": "00:30:06", "end": "00:30:11", "text": "it.\""}, {"start": "00:30:08", "end": "00:30:11", "text": "You know,"}, {"start": "00:30:11", "end": "00:30:17", "text": "you got to move forward."}, {"start": "00:30:15", "end": "00:30:19", "text": "There's only certain things. I mean,"}, {"start": "00:30:17", "end": "00:30:20", "text": "everyone has their own beliefs."}, {"start": "00:30:19", "end": "00:30:22", "text": "Everyone [clears throat] gets angry."}, {"start": "00:30:20", "end": "00:30:24", "text": "Everyone points fingers. Yeah. But you"}, {"start": "00:30:22", "end": "00:30:25", "text": "know the only thing you could really"}, {"start": "00:30:24", "end": "00:30:27", "text": "control is yourself, right? What are you"}, {"start": "00:30:25", "end": "00:30:29", "text": "going to do with that information? What"}, {"start": "00:30:27", "end": "00:30:31", "text": "are you going to do"}, {"start": "00:30:29", "end": "00:30:34", "text": "in this situation? What are you going to"}, {"start": "00:30:31", "end": "00:30:37", "text": "do to protect yourself from the next few"}, {"start": "00:30:34", "end": "00:30:40", "text": "years as AI takes over jobs, right? I"}, {"start": "00:30:37", "end": "00:30:43", "text": "think those are more important things to"}, {"start": "00:30:40", "end": "00:30:45", "text": "be worried about,"}, {"start": "00:30:43", "end": "00:30:48", "text": "things that you can control, things that"}, {"start": "00:30:45", "end": "00:30:52", "text": "you should be doing now, rather than"}, {"start": "00:30:48", "end": "00:30:56", "text": "focus all your anger or emotions on"}, {"start": "00:30:52", "end": "00:30:56", "text": "something that you can't control."}, {"start": "00:31:02", "end": "00:31:06", "text": "[snorts]"}, {"start": "00:31:03", "end": "00:31:09", "text": "GTR. I don't I don't have any thoughts"}, {"start": "00:31:06", "end": "00:31:10", "text": "on what Trump says tomorrow. I don't"}, {"start": "00:31:09", "end": "00:31:11", "text": "think it's going to affect markets"}, {"start": "00:31:10", "end": "00:31:16", "text": "either way. That's the only thing I"}, {"start": "00:31:11", "end": "00:31:19", "text": "really care about is how to maximize,"}, {"start": "00:31:16", "end": "00:31:22", "text": "okay, earnings in the next 5 to 10"}, {"start": "00:31:19", "end": "00:31:23", "text": "years. I've been saying that it's very"}, {"start": "00:31:22", "end": "00:31:27", "text": "important. You got to maximize your"}, {"start": "00:31:23", "end": "00:31:29", "text": "earnings in the next 5 to 10 years or"}, {"start": "00:31:27", "end": "00:31:32", "text": "you're going to lose your job and you're"}, {"start": "00:31:29", "end": "00:31:37", "text": "not going to be able to get another one."}, {"start": "00:31:32", "end": "00:31:37", "text": "Uh that's gonna be huge, right? So"}, {"start": "00:31:37", "end": "00:31:42", "text": "whatever he says not gonna affect"}, {"start": "00:31:40", "end": "00:31:44", "text": "anything. I think people already kind of"}, {"start": "00:31:42", "end": "00:31:47", "text": "know"}, {"start": "00:31:44", "end": "00:31:51", "text": "like even Trump declaring war official"}, {"start": "00:31:47", "end": "00:31:53", "text": "war with Iran with Congress. It didn't"}, {"start": "00:31:51", "end": "00:31:56", "text": "drop markets at all. It's like people"}, {"start": "00:31:53", "end": "00:31:58", "text": "already kind of like know it. They don't"}, {"start": "00:31:56", "end": "00:32:01", "text": "really care unless it really escalates"}, {"start": "00:31:58", "end": "00:32:03", "text": "into like"}, {"start": "00:32:01", "end": "00:32:06", "text": "something that people feel like is"}, {"start": "00:32:03", "end": "00:32:08", "text": "really dangerous, I guess, or very scary"}, {"start": "00:32:06", "end": "00:32:11", "text": "for for the nation. I don't know. It"}, {"start": "00:32:08", "end": "00:32:12", "text": "just seems like"}, {"start": "00:32:11", "end": "00:32:16", "text": "I don't know. Seems like it's all baked"}, {"start": "00:32:12", "end": "00:32:16", "text": "in already."}, {"start": "00:32:32", "end": "00:32:34", "text": ">> [snorts]"}, {"start": "00:32:45", "end": "00:32:49", "text": ">> Swanky, that never happens. Okay, that"}, {"start": "00:32:47", "end": "00:32:53", "text": "that that's like, you know, 100 years"}, {"start": "00:32:49", "end": "00:32:57", "text": "ago, 200 years ago,"}, {"start": "00:32:53", "end": "00:32:57", "text": "it doesn't happen anymore."}, {"start": "00:32:57", "end": "00:33:02", "text": "As [clears throat] much as uh you know,"}, {"start": "00:32:59", "end": "00:33:04", "text": "just look at not everyone's from the US,"}, {"start": "00:33:02", "end": "00:33:07", "text": "but it's the same thing, I guess,"}, {"start": "00:33:04", "end": "00:33:09", "text": "elsewhere."}, {"start": "00:33:07", "end": "00:33:11", "text": "You look at uh UK as an example, how"}, {"start": "00:33:09", "end": "00:33:14", "text": "many prime ministers"}, {"start": "00:33:11", "end": "00:33:18", "text": "have rolled,"}, {"start": "00:33:14", "end": "00:33:22", "text": "you know, rolled around and"}, {"start": "00:33:18", "end": "00:33:24", "text": "has been displaced and new ones come in"}, {"start": "00:33:22", "end": "00:33:25", "text": "like what seven in the last nine years"}, {"start": "00:33:24", "end": "00:33:28", "text": "or something like that. Something"}, {"start": "00:33:25", "end": "00:33:32", "text": "ridiculous is any has any change"}, {"start": "00:33:28", "end": "00:33:37", "text": "happened? You know, it's like"}, {"start": "00:33:32", "end": "00:33:38", "text": "I don't know. I don't know."}, {"start": "00:33:37", "end": "00:33:41", "text": "Obviously, people should stand up for"}, {"start": "00:33:38", "end": "00:33:44", "text": "their rights, but these days to"}, {"start": "00:33:41", "end": "00:33:47", "text": "overthrow a government is like next to"}, {"start": "00:33:44", "end": "00:33:48", "text": "impossible"}, {"start": "00:33:47", "end": "00:33:51", "text": "because that's total collapse of"}, {"start": "00:33:48", "end": "00:33:55", "text": "basically the entire"}, {"start": "00:33:51", "end": "00:33:58", "text": "civilization of that of that country."}, {"start": "00:33:55", "end": "00:34:00", "text": "And it has to get really really bad,"}, {"start": "00:33:58", "end": "00:34:03", "text": "really really bad before that happens,"}, {"start": "00:34:00", "end": "00:34:06", "text": "before like a like a coup happens. and"}, {"start": "00:34:03", "end": "00:34:06", "text": "and then like"}, {"start": "00:34:07", "end": "00:34:13", "text": "I don't even know. just seems like it's"}, {"start": "00:34:10", "end": "00:34:13", "text": "impossible"}, {"start": "00:34:27", "end": "00:34:34", "text": "whenstead I do mostly soul on high and"}, {"start": "00:34:32", "end": "00:34:37", "text": "then if I want to save tokens I go Luna"}, {"start": "00:34:34", "end": "00:34:40", "text": "X high because if you look at"}, {"start": "00:34:37", "end": "00:34:43", "text": "intelligent chart versus cost. Luna is"}, {"start": "00:34:40", "end": "00:34:44", "text": "actually the best. It's just very slow."}, {"start": "00:34:43", "end": "00:34:47", "text": "That's the only thing. That's the only"}, {"start": "00:34:44", "end": "00:34:49", "text": "reason why I don't use it a lot. But if"}, {"start": "00:34:47", "end": "00:34:52", "text": "you want to plan something,"}, {"start": "00:34:49", "end": "00:34:53", "text": "use Kodas Soul on high or max. You don't"}, {"start": "00:34:52", "end": "00:34:56", "text": "want to go ultra normally. It's just"}, {"start": "00:34:53", "end": "00:35:00", "text": "it's just too costly. But for like a"}, {"start": "00:34:56", "end": "00:35:02", "text": "build plan, it's a good idea. And then"}, {"start": "00:35:00", "end": "00:35:04", "text": "once it comes out the build plan, change"}, {"start": "00:35:02", "end": "00:35:06", "text": "it to Luna X High to code. That's"}, {"start": "00:35:04", "end": "00:35:08", "text": "usually the best and most efficient way"}, {"start": "00:35:06", "end": "00:35:11", "text": "to do it. Or you could leave it on soul"}, {"start": "00:35:08", "end": "00:35:12", "text": "on high which costs a little more a"}, {"start": "00:35:11", "end": "00:35:15", "text": "little more intelligence. But if you"}, {"start": "00:35:12", "end": "00:35:18", "text": "look at intelligent graph basically Luna"}, {"start": "00:35:15", "end": "00:35:20", "text": "going all the way to X high and max is"}, {"start": "00:35:18", "end": "00:35:22", "text": "the most efficient"}, {"start": "00:35:20", "end": "00:35:26", "text": "uh the highest intelligent at the lowest"}, {"start": "00:35:22", "end": "00:35:30", "text": "cost and the next step up is soul at"}, {"start": "00:35:26", "end": "00:35:32", "text": "high. So that's how it works. Basically"}, {"start": "00:35:30", "end": "00:35:35", "text": "you should never use terra. Terra has"}, {"start": "00:35:32", "end": "00:35:37", "text": "become pointless. I I don't even think"}, {"start": "00:35:35", "end": "00:35:40", "text": "they realized that. Um when they came"}, {"start": "00:35:37", "end": "00:35:43", "text": "out the three models, they they should"}, {"start": "00:35:40", "end": "00:35:46", "text": "have just came out with Luna and Soul."}, {"start": "00:35:43", "end": "00:35:46", "text": "That's it."}, {"start": "00:35:48", "end": "00:35:54", "text": "Health, Jolly. Appreciate it. Appreciate"}, {"start": "00:35:51", "end": "00:35:54", "text": "it."}, {"start": "00:36:04", "end": "00:36:08", "text": "Things are still looking Oh man, what"}, {"start": "00:36:06", "end": "00:36:12", "text": "happened there? Okay, things are still"}, {"start": "00:36:08", "end": "00:36:16", "text": "looking quite good. 653."}, {"start": "00:36:12", "end": "00:36:16", "text": "Pretty nice."}, {"start": "00:36:22", "end": "00:36:27", "text": "What happened to my MACD here? There we"}, {"start": "00:36:24", "end": "00:36:27", "text": "go."}, {"start": "00:36:35", "end": "00:36:41", "text": "Yep. I did mention uh I did talk about"}, {"start": "00:36:37", "end": "00:36:44", "text": "the IM IBM drop and it's a good thing"}, {"start": "00:36:41", "end": "00:36:48", "text": "too because it shows that well it's good"}, {"start": "00:36:44", "end": "00:36:49", "text": "and bad. It's good and bad"}, {"start": "00:36:48", "end": "00:36:51", "text": "because"}, {"start": "00:36:49", "end": "00:36:54", "text": "I think it could be good for crypto"}, {"start": "00:36:51", "end": "00:36:57", "text": "because if more companies start not"}, {"start": "00:36:54", "end": "00:37:00", "text": "performing, money rotates out, people"}, {"start": "00:36:57", "end": "00:37:03", "text": "are going to realize, okay, what's the"}, {"start": "00:37:00", "end": "00:37:07", "text": "what's the most under"}, {"start": "00:37:03", "end": "00:37:10", "text": "undervalued projects, okay, or"}, {"start": "00:37:07", "end": "00:37:14", "text": "investments or assets, you know, so"}, {"start": "00:37:10", "end": "00:37:14", "text": "money could flow back into crypto,"}, {"start": "00:37:14", "end": "00:37:22", "text": "some of that will flow into other better"}, {"start": "00:37:17", "end": "00:37:26", "text": "companies obviously too, but I think it"}, {"start": "00:37:22", "end": "00:37:27", "text": "could signal a start start of the end. I"}, {"start": "00:37:26", "end": "00:37:28", "text": "think at some point this year we're"}, {"start": "00:37:27", "end": "00:37:32", "text": "going to have a major correction with AI"}, {"start": "00:37:28", "end": "00:37:35", "text": "and tech. There's no doubt about it. I'm"}, {"start": "00:37:32", "end": "00:37:38", "text": "hoping that doesn't happen anytime soon"}, {"start": "00:37:35", "end": "00:37:40", "text": "because I'm trying to utilize AI and"}, {"start": "00:37:38", "end": "00:37:42", "text": "tech investments to kind of make some"}, {"start": "00:37:40", "end": "00:37:44", "text": "money, regain some money, and put that"}, {"start": "00:37:42", "end": "00:37:45", "text": "back in crypto. So, I'm hoping that"}, {"start": "00:37:44", "end": "00:37:47", "text": "doesn't happen anytime soon. I think"}, {"start": "00:37:45", "end": "00:37:50", "text": "it's probably going to be around"}, {"start": "00:37:47", "end": "00:37:52", "text": "October, November time frame,"}, {"start": "00:37:50", "end": "00:37:55", "text": "but then that's when I think crypto can"}, {"start": "00:37:52", "end": "00:37:59", "text": "really shine and come back when there's"}, {"start": "00:37:55", "end": "00:37:59", "text": "that cap rotation out."}, {"start": "00:38:30", "end": "00:38:32", "text": ">> [cough]"}, {"start": "00:38:31", "end": "00:38:35", "text": ">> Do you think Trump has been disappointed"}, {"start": "00:38:32", "end": "00:38:37", "text": "from crypto industry?"}, {"start": "00:38:35", "end": "00:38:40", "text": "Obviously,"}, {"start": "00:38:37", "end": "00:38:43", "text": "I think it depends."}, {"start": "00:38:40", "end": "00:38:46", "text": "For long-term, no. Absolutely fantastic"}, {"start": "00:38:43", "end": "00:38:49", "text": "for crypto industry."}, {"start": "00:38:46", "end": "00:38:54", "text": "I mean, we have a Bitcoin reserve. We"}, {"start": "00:38:49", "end": "00:38:59", "text": "have a very pro innovation pro-friendly"}, {"start": "00:38:54", "end": "00:39:01", "text": "SEC chair, CFTC chair. We're getting the"}, {"start": "00:38:59", "end": "00:39:04", "text": "we got the Genius Bill passed. Now we're"}, {"start": "00:39:01", "end": "00:39:06", "text": "pushing the Clarity Act. So for the"}, {"start": "00:39:04", "end": "00:39:09", "text": "entire crypto industry, you could have"}, {"start": "00:39:06", "end": "00:39:11", "text": "no better president."}, {"start": "00:39:09", "end": "00:39:14", "text": "But from a price perspective right now,"}, {"start": "00:39:11", "end": "00:39:17", "text": "obviously he has made other moves that"}, {"start": "00:39:14", "end": "00:39:20", "text": "indirectly have affected crypto's price."}, {"start": "00:39:17", "end": "00:39:23", "text": "So there's no doubt about that."}, {"start": "00:39:20", "end": "00:39:26", "text": "Um, but going forward, I think it's"}, {"start": "00:39:23", "end": "00:39:28", "text": "going to be very very positive and pro"}, {"start": "00:39:26", "end": "00:39:31", "text": "for crypto."}, {"start": "00:39:28", "end": "00:39:32", "text": "And let's not forget that he has this he"}, {"start": "00:39:31", "end": "00:39:35", "text": "has"}, {"start": "00:39:32", "end": "00:39:37", "text": "he's also protecting his self-interest."}, {"start": "00:39:35", "end": "00:39:40", "text": "He holds enormous amount of crypto and"}, {"start": "00:39:37", "end": "00:39:43", "text": "so does his family. More importantly, if"}, {"start": "00:39:40", "end": "00:39:46", "text": "he's thinking about his family and how"}, {"start": "00:39:43", "end": "00:39:49", "text": "to make generational wealth for them,"}, {"start": "00:39:46", "end": "00:39:50", "text": "crypto has to do well, too. So, you got"}, {"start": "00:39:49", "end": "00:39:53", "text": "to throw that in there. Well, they"}, {"start": "00:39:50", "end": "00:39:57", "text": "already made generational wealth. So,"}, {"start": "00:39:53", "end": "00:39:57", "text": "but more generational wealth"}, {"start": "00:40:03", "end": "00:40:09", "text": "is P market ever wrong about things? Of"}, {"start": "00:40:06", "end": "00:40:12", "text": "course. Of course. There's always"}, {"start": "00:40:09", "end": "00:40:14", "text": "there's always bad predictions"}, {"start": "00:40:12", "end": "00:40:16", "text": "and that's why we have predictions page"}, {"start": "00:40:14", "end": "00:40:20", "text": "here."}, {"start": "00:40:16", "end": "00:40:22", "text": "So this is an ass clash that you know"}, {"start": "00:40:20", "end": "00:40:24", "text": "not a whole lot of people use but they"}, {"start": "00:40:22", "end": "00:40:26", "text": "should"}, {"start": "00:40:24", "end": "00:40:28", "text": "[clears throat] because this is real"}, {"start": "00:40:26", "end": "00:40:31", "text": "intelligence built in and you could look"}, {"start": "00:40:28", "end": "00:40:35", "text": "at any market on clash pickics which is"}, {"start": "00:40:31", "end": "00:40:39", "text": "my own call sheet poly market ask for"}, {"start": "00:40:35", "end": "00:40:39", "text": "forecast it'll give you a good breakdown"}, {"start": "00:40:40", "end": "00:40:46", "text": "and give you a percent tell you if you"}, {"start": "00:40:42", "end": "00:40:49", "text": "lean pass or play of course Nothing is"}, {"start": "00:40:46", "end": "00:40:53", "text": "ever 100%."}, {"start": "00:40:49", "end": "00:40:53", "text": "Okay. But"}, {"start": "00:40:54", "end": "00:41:03", "text": "I don't even know that we have WNBA."}, {"start": "00:40:59", "end": "00:41:05", "text": "We had WNBA events on Clash Pickics. Who"}, {"start": "00:41:03", "end": "00:41:08", "text": "watches WNBA? That's what I would like"}, {"start": "00:41:05", "end": "00:41:08", "text": "to know."}, {"start": "00:41:13", "end": "00:41:19", "text": "a lot of World Cup stuff, but you could"}, {"start": "00:41:15", "end": "00:41:23", "text": "sort by poly market, khi,"}, {"start": "00:41:19", "end": "00:41:26", "text": "uh, politics, sports, climate, tech,"}, {"start": "00:41:23", "end": "00:41:26", "text": "science, entertainment,"}, {"start": "00:41:27", "end": "00:41:31", "text": "you know, you name it. Crypto,"}, {"start": "00:41:32", "end": "00:41:38", "text": "will Jesus Christ return before GTA 6?"}, {"start": "00:41:35", "end": "00:41:42", "text": "[laughter] There's actually some volume"}, {"start": "00:41:38", "end": "00:41:46", "text": "on here. Uh, will GPJ 6 be released"}, {"start": "00:41:42", "end": "00:41:49", "text": "before GTA 6? That's an interesting one"}, {"start": "00:41:46", "end": "00:41:51", "text": "because GBT 5.6 just came out and it's"}, {"start": "00:41:49", "end": "00:41:53", "text": "uh, it's fantastic. Six will be even"}, {"start": "00:41:51", "end": "00:41:56", "text": "better."}, {"start": "00:41:53", "end": "00:42:01", "text": "But there are a lot of stuff on here."}, {"start": "00:41:56", "end": "00:42:05", "text": "WNBA games, guys."}, {"start": "00:42:01", "end": "00:42:05", "text": "On clash pickics, go for it."}, {"start": "00:42:54", "end": "00:43:00", "text": "Isn't Khi gambling?"}, {"start": "00:42:57", "end": "00:43:01", "text": "Not in a traditional sense. No, that's"}, {"start": "00:43:00", "end": "00:43:04", "text": "why it's called prediction markets"}, {"start": "00:43:01", "end": "00:43:06", "text": "because the more facts that you have,"}, {"start": "00:43:04", "end": "00:43:08", "text": "the less"}, {"start": "00:43:06", "end": "00:43:10", "text": "chance there is. A lot of people have"}, {"start": "00:43:08", "end": "00:43:12", "text": "abused that because they have inside"}, {"start": "00:43:10", "end": "00:43:15", "text": "information."}, {"start": "00:43:12", "end": "00:43:16", "text": "But normally speaking, the more you"}, {"start": "00:43:15", "end": "00:43:20", "text": "track something, the more information"}, {"start": "00:43:16", "end": "00:43:22", "text": "you have about something,"}, {"start": "00:43:20", "end": "00:43:24", "text": "the higher the chance that you're going"}, {"start": "00:43:22", "end": "00:43:26", "text": "to be right. That's why there are some"}, {"start": "00:43:24", "end": "00:43:29", "text": "people on Poly Market or Call Sheet, if"}, {"start": "00:43:26", "end": "00:43:31", "text": "you look at their win rate is actually"}, {"start": "00:43:29", "end": "00:43:35", "text": "crazy. And you could copy trade some of"}, {"start": "00:43:31", "end": "00:43:36", "text": "these people, right? And it's not luck."}, {"start": "00:43:35", "end": "00:43:38", "text": "It's because they've done their"}, {"start": "00:43:36", "end": "00:43:41", "text": "research. And that is actually something"}, {"start": "00:43:38", "end": "00:43:44", "text": "that I was thinking about building too."}, {"start": "00:43:41", "end": "00:43:46", "text": "Because on Poly Market, you can look at"}, {"start": "00:43:44", "end": "00:43:49", "text": "people that have you could look at their"}, {"start": "00:43:46", "end": "00:43:53", "text": "previous record and you could see which"}, {"start": "00:43:49", "end": "00:43:55", "text": "events that they they predict in and you"}, {"start": "00:43:53", "end": "00:43:57", "text": "could simply copy trade them. Um, so"}, {"start": "00:43:55", "end": "00:44:01", "text": "that's actually something I could"}, {"start": "00:43:57", "end": "00:44:03", "text": "actually build into Ask Clash as well."}, {"start": "00:44:01", "end": "00:44:04", "text": "I don't know. I I've built so many"}, {"start": "00:44:03", "end": "00:44:06", "text": "things and I'm trying to I'm trying to"}, {"start": "00:44:04", "end": "00:44:08", "text": "perfect my database right now. I have"}, {"start": "00:44:06", "end": "00:44:10", "text": "this new database that'll make"}, {"start": "00:44:08", "end": "00:44:13", "text": "retrievalss much more accurate, much"}, {"start": "00:44:10", "end": "00:44:17", "text": "faster"}, {"start": "00:44:13", "end": "00:44:20", "text": "um and less costly too because every"}, {"start": "00:44:17", "end": "00:44:23", "text": "single call on Ask Clash basically every"}, {"start": "00:44:20", "end": "00:44:25", "text": "question cost something, right? So I'm"}, {"start": "00:44:23", "end": "00:44:27", "text": "trying to perfect that, try to work on"}, {"start": "00:44:25", "end": "00:44:29", "text": "the game there's just like so many"}, {"start": "00:44:27", "end": "00:44:31", "text": "things to work on. That's the thing."}, {"start": "00:44:29", "end": "00:44:33", "text": "Once you start vibe coding, once you"}, {"start": "00:44:31", "end": "00:44:36", "text": "start coding with AI, you're only"}, {"start": "00:44:33", "end": "00:44:38", "text": "limited by your imagination and time."}, {"start": "00:44:36", "end": "00:44:42", "text": "And really, I'm limited by time now. I"}, {"start": "00:44:38", "end": "00:44:47", "text": "wish a day would last like a 100 hours"}, {"start": "00:44:42", "end": "00:44:47", "text": "because I would not need to go to sleep."}, {"start": "00:44:47", "end": "00:44:53", "text": "That's why I'm like sometimes there such"}, {"start": "00:44:49", "end": "00:44:55", "text": "low energy because I don't sleep and I'm"}, {"start": "00:44:53", "end": "00:45:00", "text": "up"}, {"start": "00:44:55", "end": "00:45:03", "text": "coding and uh and I don't want to stop."}, {"start": "00:45:00", "end": "00:45:04", "text": "So that that's that's what anyone that"}, {"start": "00:45:03", "end": "00:45:06", "text": "gets into it knows what I'm talking"}, {"start": "00:45:04", "end": "00:45:08", "text": "about. It's just like you just you're"}, {"start": "00:45:06", "end": "00:45:12", "text": "only limited by your imagination really"}, {"start": "00:45:08", "end": "00:45:15", "text": "and time. How much time you can"}, {"start": "00:45:12", "end": "00:45:15", "text": "sit there?"}, {"start": "00:45:37", "end": "00:45:43", "text": "S2K Roma. See, if you use our prediction"}, {"start": "00:45:41", "end": "00:45:46", "text": "page, you probably would not have lost"}, {"start": "00:45:43", "end": "00:45:48", "text": "that $200,"}, {"start": "00:45:46", "end": "00:45:50", "text": "right? So, like you get full access to"}, {"start": "00:45:48", "end": "00:45:51", "text": "this. Well, everyone gets like one"}, {"start": "00:45:50", "end": "00:45:55", "text": "prediction. I think I put that, but you"}, {"start": "00:45:51", "end": "00:45:58", "text": "get you get full access to this for"}, {"start": "00:45:55", "end": "00:46:01", "text": "what the $20 subscription plan. And if"}, {"start": "00:45:58", "end": "00:46:03", "text": "you're making bets of like $200, $300,"}, {"start": "00:46:01", "end": "00:46:05", "text": "$1,000, I don't know why you wouldn't"}, {"start": "00:46:03", "end": "00:46:08", "text": "want more intelligence, you know, like"}, {"start": "00:46:05", "end": "00:46:11", "text": "that makes no sense to me. [snorts] Uh,"}, {"start": "00:46:08", "end": "00:46:14", "text": "this doesn't guarantee, but the win rate"}, {"start": "00:46:11", "end": "00:46:18", "text": "was at like 75% or something like that."}, {"start": "00:46:14", "end": "00:46:18", "text": "It was pretty darn good."}, {"start": "00:46:22", "end": "00:46:27", "text": "What's a What's a sports What's What's a"}, {"start": "00:46:24", "end": "00:46:27", "text": "good sports one?"}, {"start": "00:46:29", "end": "00:46:33", "text": "Where's all the World Cup ones?"}, {"start": "00:46:34", "end": "00:46:38", "text": "I don't see the World Cup ones."}, {"start": "00:46:42", "end": "00:46:47", "text": "What happened to them? I don't even see"}, {"start": "00:46:44", "end": "00:46:49", "text": "them anymore."}, {"start": "00:46:47", "end": "00:46:52", "text": "Here we go."}, {"start": "00:46:49", "end": "00:46:54", "text": "Will Spain like this one here on Poly"}, {"start": "00:46:52", "end": "00:46:58", "text": "Market. Will Spain win the World Cup?"}, {"start": "00:46:54", "end": "00:46:58", "text": "58% chance."}, {"start": "00:46:59", "end": "00:47:03", "text": "Let's see what it says."}, {"start": "00:47:14", "end": "00:47:19", "text": "I have not been keeping up on the way."}, {"start": "00:47:15", "end": "00:47:19", "text": "So I have no idea."}, {"start": "00:47:19", "end": "00:47:26", "text": "So signal is neutral but the forecast is"}, {"start": "00:47:22", "end": "00:47:26", "text": "yes 62%."}, {"start": "00:47:27", "end": "00:47:32", "text": "Spain has advanced to the final after"}, {"start": "00:47:29", "end": "00:47:35", "text": "beating France 20. Uh you guys can't see"}, {"start": "00:47:32", "end": "00:47:39", "text": "that but it's it's on here and uh it"}, {"start": "00:47:35", "end": "00:47:42", "text": "tells you why"}, {"start": "00:47:39", "end": "00:47:44", "text": "below my screen here right so it gives"}, {"start": "00:47:42", "end": "00:47:48", "text": "you a really good breakdown. Now, of"}, {"start": "00:47:44", "end": "00:47:50", "text": "course, it can be wrong, but it uses AI,"}, {"start": "00:47:48", "end": "00:47:54", "text": "gathers all intelligence, gather all the"}, {"start": "00:47:50", "end": "00:47:56", "text": "odds and everything that's on there."}, {"start": "00:47:54", "end": "00:48:02", "text": "So, it gives you a edge, just a little"}, {"start": "00:47:56", "end": "00:48:02", "text": "bit, a little more edge to things."}, {"start": "00:48:08", "end": "00:48:12", "text": "Also, I'm quite proud of the AI"}, {"start": "00:48:10", "end": "00:48:14", "text": "leaderboard comparison. So yesterday I"}, {"start": "00:48:12", "end": "00:48:16", "text": "added so for those of you guys that do"}, {"start": "00:48:14", "end": "00:48:19", "text": "care like you know for example if you"}, {"start": "00:48:16", "end": "00:48:21", "text": "want to compare GBD56 soul to Grock you"}, {"start": "00:48:19", "end": "00:48:25", "text": "could do comparisons like this you could"}, {"start": "00:48:21", "end": "00:48:28", "text": "add in a third one too if you want like"}, {"start": "00:48:25", "end": "00:48:30", "text": "I don't know let's put GLM right"}, {"start": "00:48:28", "end": "00:48:32", "text": "[snorts] you get a good chart view and"}, {"start": "00:48:30", "end": "00:48:35", "text": "then now you get a graph view comparing"}, {"start": "00:48:32", "end": "00:48:38", "text": "all three or all two and then down here"}, {"start": "00:48:35", "end": "00:48:42", "text": "as well how well they reason how well"}, {"start": "00:48:38", "end": "00:48:46", "text": "they code their overall cost. And these"}, {"start": "00:48:42", "end": "00:48:48", "text": "are all sharable, too. You know, like"}, {"start": "00:48:46", "end": "00:48:52", "text": "stuff like this is really cool. People"}, {"start": "00:48:48", "end": "00:48:55", "text": "just don't know it yet or use it enough"}, {"start": "00:48:52", "end": "00:48:57", "text": "yet. But there's so much intelligence in"}, {"start": "00:48:55", "end": "00:49:02", "text": "here. I should build something like this"}, {"start": "00:48:57", "end": "00:49:05", "text": "also for like crypto because we do have"}, {"start": "00:49:02", "end": "00:49:06", "text": "we do have the market cap page, right? I"}, {"start": "00:49:05", "end": "00:49:08", "text": "think it would actually be pretty cool"}, {"start": "00:49:06", "end": "00:49:11", "text": "now that I think about it to do a"}, {"start": "00:49:08", "end": "00:49:12", "text": "versus. So you do like a Bitcoin versus"}, {"start": "00:49:11", "end": "00:49:14", "text": "Ethereum"}, {"start": "00:49:12", "end": "00:49:16", "text": "and then it'll show you the graph of the"}, {"start": "00:49:14", "end": "00:49:19", "text": "two overlaying each other and the"}, {"start": "00:49:16", "end": "00:49:21", "text": "performance over certain time frame. You"}, {"start": "00:49:19", "end": "00:49:23", "text": "could do Soul versus Card. Now that I'm"}, {"start": "00:49:21", "end": "00:49:24", "text": "thinking out loud, that's a that's a"}, {"start": "00:49:23", "end": "00:49:26", "text": "no-brainer. I'm going to build that."}, {"start": "00:49:24", "end": "00:49:29", "text": "That's a really cool feature no one else"}, {"start": "00:49:26", "end": "00:49:31", "text": "has. You could go on Trading View and"}, {"start": "00:49:29", "end": "00:49:33", "text": "kind of overlay a little bit, but it's"}, {"start": "00:49:31", "end": "00:49:36", "text": "not going to be as clean or as easy to"}, {"start": "00:49:33", "end": "00:49:38", "text": "do. I'm going to do that next. That's a"}, {"start": "00:49:36", "end": "00:49:41", "text": "brilliant idea. I'm going to do a stock"}, {"start": "00:49:38", "end": "00:49:43", "text": "screener too"}, {"start": "00:49:41", "end": "00:49:47", "text": "so that you can compare historical"}, {"start": "00:49:43", "end": "00:49:51", "text": "performance of two crypto"}, {"start": "00:49:47", "end": "00:49:51", "text": "or two stocks or three."}, {"start": "00:49:53", "end": "00:49:58", "text": "See, just like that, go get new"}, {"start": "00:49:55", "end": "00:49:58", "text": "features."}, {"start": "00:50:08", "end": "00:50:12", "text": "[snorts]"}, {"start": "00:50:10", "end": "00:50:14", "text": "All right, guys. Overall, I'm going to"}, {"start": "00:50:12", "end": "00:50:17", "text": "let you guys go. Overall, today is"}, {"start": "00:50:14", "end": "00:50:20", "text": "pretty good. Green, green, green for"}, {"start": "00:50:17", "end": "00:50:22", "text": "crypto. I'm looking at stocks. Stocks is"}, {"start": "00:50:20", "end": "00:50:24", "text": "kind of mixed. Stocks kind of mixed. Not"}, {"start": "00:50:22", "end": "00:50:27", "text": "not everything is green, but we're"}, {"start": "00:50:24", "end": "00:50:29", "text": "sitting at 654 right now, which is"}, {"start": "00:50:27", "end": "00:50:31", "text": "actually really good. If we could break"}, {"start": "00:50:29", "end": "00:50:34", "text": "above,"}, {"start": "00:50:31", "end": "00:50:39", "text": "where's where's the scale here? We could"}, {"start": "00:50:34", "end": "00:50:41", "text": "break above 668 right here."}, {"start": "00:50:39", "end": "00:50:44", "text": "Get ready. Get ready. If we could break"}, {"start": "00:50:41", "end": "00:50:47", "text": "above 668 right here, which is a point"}, {"start": "00:50:44", "end": "00:50:50", "text": "that we haven't been able to break in a"}, {"start": "00:50:47", "end": "00:50:52", "text": "long, long time, we could head into the"}, {"start": "00:50:50", "end": "00:50:55", "text": "70s in no time. Plus, we'll have more"}, {"start": "00:50:52", "end": "00:50:59", "text": "liquidations and more short squeezes to"}, {"start": "00:50:55", "end": "00:51:01", "text": "help us move higher. So, be interesting."}, {"start": "00:50:59", "end": "00:51:05", "text": "It'll be interesting to see if that"}, {"start": "00:51:01", "end": "00:51:09", "text": "happens today. All right, guys. Smash a"}, {"start": "00:51:05", "end": "00:51:11", "text": "like, subscribe to the channel,"}, {"start": "00:51:09", "end": "00:51:14", "text": "have a good one. Go check out Ask Clash"}, {"start": "00:51:11", "end": "00:51:17", "text": "and use it fully for everything. All"}, {"start": "00:51:14", "end": "00:51:19", "text": "right, have a good one. Take care."}, {"start": "00:51:17", "end": "00:51:19", "text": "Bye-bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Welcome back. So, today was a really"}, {"start": "00:00:02", "end": "00:00:06", "text": "good recovery day and as I'm filming"}, {"start": "00:00:05", "end": "00:00:10", "text": "this right now, Bitcoin is sitting"}, {"start": "00:00:06", "end": "00:00:12", "text": "slightly under $65,000. In fact, we"}, {"start": "00:00:10", "end": "00:00:15", "text": "haven't been here for a while now and"}, {"start": "00:00:12", "end": "00:00:17", "text": "actually broke one of our recent"}, {"start": "00:00:15", "end": "00:00:20", "text": "resistances. So, let's talk about it."}, {"start": "00:00:17", "end": "00:00:22", "text": "What's driving things up today and can"}, {"start": "00:00:20", "end": "00:00:24", "text": "we see more of it?"}, {"start": "00:00:22", "end": "00:00:25", "text": "Let's take a look."}, {"start": "00:00:24", "end": "00:00:28", "text": "So, as you can see right now, Bitcoin is"}, {"start": "00:00:25", "end": "00:00:28", "text": "sitting at $64,987."}, {"start": "00:00:29", "end": "00:00:33", "text": "So, obviously a pretty good recovery"}, {"start": "00:00:32", "end": "00:00:35", "text": "from"}, {"start": "00:00:33", "end": "00:00:39", "text": "Sunday night when we fell down to"}, {"start": "00:00:35", "end": "00:00:42", "text": "$61,000 and now we're at $65,000."}, {"start": "00:00:39", "end": "00:00:45", "text": "Okay. So, pretty good recovery and we"}, {"start": "00:00:42", "end": "00:00:47", "text": "zoom out a little bit, you can see we"}, {"start": "00:00:45", "end": "00:00:51", "text": "haven't been up here since all the way"}, {"start": "00:00:47", "end": "00:00:54", "text": "back here and that was June 26th."}, {"start": "00:00:51", "end": "00:00:56", "text": "Okay. So, it's almost been entire month"}, {"start": "00:00:54", "end": "00:00:59", "text": "since this. So, this is an important"}, {"start": "00:00:56", "end": "00:01:01", "text": "resistance to break and crack and"}, {"start": "00:00:59", "end": "00:01:04", "text": "overall, if you look, ETH had a good"}, {"start": "00:01:01", "end": "00:01:06", "text": "day, Sui had a good day, XRP had a good"}, {"start": "00:01:04", "end": "00:01:08", "text": "day, Sol had a good day."}, {"start": "00:01:06", "end": "00:01:12", "text": "Right? This is what we want and if you"}, {"start": "00:01:08", "end": "00:01:14", "text": "scroll down, you look at my watch list,"}, {"start": "00:01:12", "end": "00:01:18", "text": "Nvidia had a good day"}, {"start": "00:01:14", "end": "00:01:20", "text": "and you know, HP, Dell, MU, SpaceX did"}, {"start": "00:01:18", "end": "00:01:22", "text": "not. SpaceX is still"}, {"start": "00:01:20", "end": "00:01:25", "text": "kind of weak right now. Sandis. So,"}, {"start": "00:01:22", "end": "00:01:28", "text": "today overall, we had a pretty darn good"}, {"start": "00:01:25", "end": "00:01:31", "text": "day and if you're looking at some of the"}, {"start": "00:01:28", "end": "00:01:35", "text": "technicals, right now it's looking good."}, {"start": "00:01:31", "end": "00:01:37", "text": "The auto chart is looking really green."}, {"start": "00:01:35", "end": "00:01:39", "text": "On the 4-hour, you can see the trend is"}, {"start": "00:01:37", "end": "00:01:42", "text": "going upwards. We have broken them up,"}, {"start": "00:01:39", "end": "00:01:45", "text": "the 50 MA and 200. RSI still climbing,"}, {"start": "00:01:42", "end": "00:01:48", "text": "MACD is positive. We crossed over the"}, {"start": "00:01:45", "end": "00:01:49", "text": "demo 43, right? Everything. And right"}, {"start": "00:01:48", "end": "00:01:53", "text": "now, like I said, we're at that"}, {"start": "00:01:49", "end": "00:01:55", "text": "resistance right around $65,000. If we"}, {"start": "00:01:53", "end": "00:01:59", "text": "can hold and break above this,"}, {"start": "00:01:55", "end": "00:02:01", "text": "it would be huge. huge because again we"}, {"start": "00:01:59", "end": "00:02:04", "text": "haven't been up here and been haven't"}, {"start": "00:02:01", "end": "00:02:06", "text": "been able to hold above for quite some"}, {"start": "00:02:04", "end": "00:02:09", "text": "time but if you're going through some of"}, {"start": "00:02:06", "end": "00:02:11", "text": "these charts okay uh"}, {"start": "00:02:09", "end": "00:02:13", "text": "they look pretty darn good Bollinger"}, {"start": "00:02:11", "end": "00:02:15", "text": "Band"}, {"start": "00:02:13", "end": "00:02:19", "text": "like best to them on the EMA ribbon you"}, {"start": "00:02:15", "end": "00:02:21", "text": "can see all this is looking good and the"}, {"start": "00:02:19", "end": "00:02:24", "text": "volume profile right hovering right"}, {"start": "00:02:21", "end": "00:02:27", "text": "around 64 we're holding above it that's"}, {"start": "00:02:24", "end": "00:02:28", "text": "pretty important so all these things are"}, {"start": "00:02:27", "end": "00:02:31", "text": "looking good from a technical"}, {"start": "00:02:28", "end": "00:02:33", "text": "perspective now"}, {"start": "00:02:31", "end": "00:02:36", "text": "from a liquidation perspective also"}, {"start": "00:02:33", "end": "00:02:38", "text": "looking good a lot of short squeezes 300"}, {"start": "00:02:36", "end": "00:02:41", "text": "million shorts you could see all the"}, {"start": "00:02:38", "end": "00:02:44", "text": "green here is actually the shorts okay"}, {"start": "00:02:41", "end": "00:02:46", "text": "and mostly with ETH a lot of people were"}, {"start": "00:02:44", "end": "00:02:47", "text": "shorting ETH"}, {"start": "00:02:46", "end": "00:02:50", "text": "right and Bitcoin and others added"}, {"start": "00:02:47", "end": "00:02:54", "text": "together but overall this is also"}, {"start": "00:02:50", "end": "00:02:58", "text": "helping the situation but all this was"}, {"start": "00:02:54", "end": "00:03:01", "text": "possible because of this CPI reading"}, {"start": "00:02:58", "end": "00:03:05", "text": "came in at 3.5"}, {"start": "00:03:01", "end": "00:03:09", "text": "it was a big big jump or big drop from"}, {"start": "00:03:05", "end": "00:03:11", "text": "4.2% and well below the estimate of 3.8%"}, {"start": "00:03:09", "end": "00:03:13", "text": "and that's what I covered this morning"}, {"start": "00:03:11", "end": "00:03:17", "text": "this really saves us from the"}, {"start": "00:03:13", "end": "00:03:19", "text": "possibility of having a rate hike"}, {"start": "00:03:17", "end": "00:03:22", "text": "because if you look at it up until this"}, {"start": "00:03:19", "end": "00:03:25", "text": "point it was like ooh"}, {"start": "00:03:22", "end": "00:03:28", "text": "50/50 actually probably teetered higher"}, {"start": "00:03:25", "end": "00:03:31", "text": "than 50% for rate hike but now has"}, {"start": "00:03:28", "end": "00:03:33", "text": "flipped back with inflation coming down"}, {"start": "00:03:31", "end": "00:03:35", "text": "like this and tomorrow we will have"}, {"start": "00:03:33", "end": "00:03:37", "text": "another inflation reading so PPI"}, {"start": "00:03:35", "end": "00:03:42", "text": "hopefully that matches most likely will"}, {"start": "00:03:37", "end": "00:03:46", "text": "and go down right but inflation is down"}, {"start": "00:03:42", "end": "00:03:51", "text": "then it's very hard for the Fed for"}, {"start": "00:03:46", "end": "00:03:53", "text": "Waller and others and Warsh to hike"}, {"start": "00:03:51", "end": "00:03:58", "text": "rates right this is the reason why"}, {"start": "00:03:53", "end": "00:04:00", "text": "markets did so well today. And"}, {"start": "00:03:58", "end": "00:04:03", "text": "this is all happening despite the fact"}, {"start": "00:04:00", "end": "00:04:06", "text": "Trump is saying that they're going the"}, {"start": "00:04:03", "end": "00:04:10", "text": "US military is going to hit Iran very"}, {"start": "00:04:06", "end": "00:04:11", "text": "hard today, tomorrow, the night after."}, {"start": "00:04:10", "end": "00:04:14", "text": "Uh the US will knock down all their"}, {"start": "00:04:11", "end": "00:04:15", "text": "power plants and all their bridges until"}, {"start": "00:04:14", "end": "00:04:18", "text": "they come back to the table and"}, {"start": "00:04:15", "end": "00:04:18", "text": "negotiate."}, {"start": "00:04:19", "end": "00:04:25", "text": "Again, not quite sure what started this."}, {"start": "00:04:22", "end": "00:04:27", "text": "Could be because of the attacks"}, {"start": "00:04:25", "end": "00:04:29", "text": "on the ships. I don't know if that's the"}, {"start": "00:04:27", "end": "00:04:32", "text": "only thing or there's something else"}, {"start": "00:04:29", "end": "00:04:34", "text": "going on, but we already retaliated and"}, {"start": "00:04:32", "end": "00:04:36", "text": "then something happened and Trump called"}, {"start": "00:04:34", "end": "00:04:38", "text": "it off, declared war. But, you know,"}, {"start": "00:04:36", "end": "00:04:39", "text": "markets are kind of ignoring this,"}, {"start": "00:04:38", "end": "00:04:41", "text": "right?"}, {"start": "00:04:39", "end": "00:04:43", "text": "Like"}, {"start": "00:04:41", "end": "00:04:46", "text": "a few months ago this would have crashed"}, {"start": "00:04:43", "end": "00:04:50", "text": "markets more, but today we had a good"}, {"start": "00:04:46", "end": "00:04:51", "text": "rally. It's like people are just"}, {"start": "00:04:50", "end": "00:04:55", "text": "just they just don't or at least"}, {"start": "00:04:51", "end": "00:04:58", "text": "investors just don't care as much."}, {"start": "00:04:55", "end": "00:05:02", "text": "Um so, that's also very good. Very good"}, {"start": "00:04:58", "end": "00:05:05", "text": "indeed, okay? And the last good thing is"}, {"start": "00:05:02", "end": "00:05:08", "text": "this, the Clarity Act will be introduced"}, {"start": "00:05:05", "end": "00:05:12", "text": "in the next few days after 10 months of"}, {"start": "00:05:08", "end": "00:05:14", "text": "work targeting a Senate floor vote July"}, {"start": "00:05:12", "end": "00:05:15", "text": "20th. That's only 6 days, less than a"}, {"start": "00:05:14", "end": "00:05:16", "text": "week."}, {"start": "00:05:15", "end": "00:05:18", "text": "That'll be very positive. We've been"}, {"start": "00:05:16", "end": "00:05:21", "text": "waiting and waiting and waiting. It's"}, {"start": "00:05:18", "end": "00:05:24", "text": "been delayed, delayed, delayed, delayed."}, {"start": "00:05:21", "end": "00:05:25", "text": "The banks do not like Clarity Act. They"}, {"start": "00:05:24", "end": "00:05:28", "text": "do not like crypto, they don't like"}, {"start": "00:05:25", "end": "00:05:31", "text": "stable coins, they're threatened by it."}, {"start": "00:05:28", "end": "00:05:33", "text": "They put up a lot of opposition."}, {"start": "00:05:31", "end": "00:05:35", "text": "But, it seems like this will be pushed"}, {"start": "00:05:33", "end": "00:05:38", "text": "through and they already did initial"}, {"start": "00:05:35", "end": "00:05:40", "text": "vote and that was passed. So, most"}, {"start": "00:05:38", "end": "00:05:42", "text": "likely this will pass and Trump wants"}, {"start": "00:05:40", "end": "00:05:46", "text": "this to pass and this will set a new"}, {"start": "00:05:42", "end": "00:05:49", "text": "stage for crypto going forward, okay? A"}, {"start": "00:05:46", "end": "00:05:51", "text": "lot more favorable regulations,"}, {"start": "00:05:49", "end": "00:05:53", "text": "better"}, {"start": "00:05:51", "end": "00:05:54", "text": "targeting, I guess, of what's uh"}, {"start": "00:05:53", "end": "00:05:57", "text": "security, what's not, what's allowed,"}, {"start": "00:05:54", "end": "00:06:00", "text": "what's not, right? Overall, it's just a"}, {"start": "00:05:57", "end": "00:06:02", "text": "giant framework that will help crypto"}, {"start": "00:06:00", "end": "00:06:03", "text": "overall. And this comes at a good time,"}, {"start": "00:06:02", "end": "00:06:06", "text": "too."}, {"start": "00:06:03", "end": "00:06:07", "text": "Good time, because capital rotation,"}, {"start": "00:06:06", "end": "00:06:10", "text": "I've been talking a lot about it,"}, {"start": "00:06:07", "end": "00:06:12", "text": "capital rotation out, there may be"}, {"start": "00:06:10", "end": "00:06:17", "text": "capital rotation coming back, because"}, {"start": "00:06:12", "end": "00:06:20", "text": "today we had IBM that crashed 25%."}, {"start": "00:06:17", "end": "00:06:22", "text": "25% in a single day"}, {"start": "00:06:20", "end": "00:06:25", "text": "because they issued"}, {"start": "00:06:22", "end": "00:06:27", "text": "a very bad,"}, {"start": "00:06:25", "end": "00:06:30", "text": "okay, earnings."}, {"start": "00:06:27", "end": "00:06:31", "text": "So, IBM was somehow caught up into this"}, {"start": "00:06:30", "end": "00:06:33", "text": "AI"}, {"start": "00:06:31", "end": "00:06:35", "text": "tech thing, even though I don't know"}, {"start": "00:06:33", "end": "00:06:37", "text": "what IBM does anymore. I don't think"}, {"start": "00:06:35", "end": "00:06:39", "text": "anyone does, and they, you know, their"}, {"start": "00:06:37", "end": "00:06:41", "text": "stock has been rallying,"}, {"start": "00:06:39", "end": "00:06:43", "text": "and then they crashed down. So, this"}, {"start": "00:06:41", "end": "00:06:45", "text": "could be a precursor to a lot of"}, {"start": "00:06:43", "end": "00:06:46", "text": "companies that are going to be"}, {"start": "00:06:45", "end": "00:06:49", "text": "reporting,"}, {"start": "00:06:46", "end": "00:06:51", "text": "okay? And if they have a bad report, a"}, {"start": "00:06:49", "end": "00:06:53", "text": "lot of money's going to flow out. So,"}, {"start": "00:06:51", "end": "00:06:56", "text": "there may be a capital rotation back"}, {"start": "00:06:53", "end": "00:06:59", "text": "into crypto soon if this, obviously,"}, {"start": "00:06:56", "end": "00:07:00", "text": "continues, right? So, this could be a"}, {"start": "00:06:59", "end": "00:07:04", "text": "precursor, something to look forward to."}, {"start": "00:07:00", "end": "00:07:06", "text": "But in terms of AI, Apple is trying to"}, {"start": "00:07:04", "end": "00:07:09", "text": "run their own AI. They're so behind the"}, {"start": "00:07:06", "end": "00:07:12", "text": "other companies, okay? They have no AI"}, {"start": "00:07:09", "end": "00:07:14", "text": "plans, no initiatives at all. They just"}, {"start": "00:07:12", "end": "00:07:17", "text": "sell hardware. But now, because they"}, {"start": "00:07:14", "end": "00:07:18", "text": "don't like OpenAI, they're suing OpenAI."}, {"start": "00:07:17", "end": "00:07:20", "text": "They don't want to be dependent on"}, {"start": "00:07:18", "end": "00:07:23", "text": "Gemini. They don't want to be dependent"}, {"start": "00:07:20", "end": "00:07:26", "text": "on anyone. They're looking at running AI"}, {"start": "00:07:23", "end": "00:07:28", "text": "models to power like Siri, for example,"}, {"start": "00:07:26", "end": "00:07:30", "text": "right on iPhone. That's kind of"}, {"start": "00:07:28", "end": "00:07:31", "text": "interesting. Right now,"}, {"start": "00:07:30", "end": "00:07:33", "text": "there are a lot of open weight models"}, {"start": "00:07:31", "end": "00:07:35", "text": "that you can run. You can't run them on"}, {"start": "00:07:33", "end": "00:07:38", "text": "iPhone effectively. It would take"}, {"start": "00:07:35", "end": "00:07:41", "text": "forever to answer. But with newer"}, {"start": "00:07:38", "end": "00:07:42", "text": "innovations and newer models, they are"}, {"start": "00:07:41", "end": "00:07:43", "text": "starting to get better and better, and"}, {"start": "00:07:42", "end": "00:07:46", "text": "there are ones you can run on your"}, {"start": "00:07:43", "end": "00:07:49", "text": "laptop, for example, decently."}, {"start": "00:07:46", "end": "00:07:50", "text": "Not at a frontier level, but do basic"}, {"start": "00:07:49", "end": "00:07:53", "text": "stuff, and pretty soon, maybe we'll be"}, {"start": "00:07:50", "end": "00:07:55", "text": "able to do stuff on iPhone, as well,"}, {"start": "00:07:53", "end": "00:07:59", "text": "natively."}, {"start": "00:07:55", "end": "00:08:02", "text": "All right. But, speaking of frontier,"}, {"start": "00:07:59", "end": "00:08:04", "text": "okay, this guy, Tibo, is from the Codex"}, {"start": "00:08:02", "end": "00:08:06", "text": "and ChatGPT. They've been skyrocketing."}, {"start": "00:08:04", "end": "00:08:07", "text": "They've been doing crazy things"}, {"start": "00:08:06", "end": "00:08:10", "text": "recently, okay? They've been Those of"}, {"start": "00:08:07", "end": "00:08:12", "text": "you guys that are coding know that"}, {"start": "00:08:10", "end": "00:08:14", "text": "there are times where you get your usage"}, {"start": "00:08:12", "end": "00:08:17", "text": "reset. He's been resetting left and"}, {"start": "00:08:14", "end": "00:08:18", "text": "right, and giving people free resets."}, {"start": "00:08:17", "end": "00:08:20", "text": "So, like for me, I've been very, very"}, {"start": "00:08:18", "end": "00:08:23", "text": "productive."}, {"start": "00:08:20", "end": "00:08:26", "text": "For example, this is what I'm working"}, {"start": "00:08:23", "end": "00:08:27", "text": "on, and I created this. This is a new"}, {"start": "00:08:26", "end": "00:08:29", "text": "game that's going to be part of the"}, {"start": "00:08:27", "end": "00:08:33", "text": "Clash ecosystem. I'm not going to"}, {"start": "00:08:29", "end": "00:08:34", "text": "tell you exactly what it's for, but, you"}, {"start": "00:08:33", "end": "00:08:37", "text": "know,"}, {"start": "00:08:34", "end": "00:08:40", "text": "it's pretty darn good"}, {"start": "00:08:37", "end": "00:08:43", "text": "first model, or demo model, already"}, {"start": "00:08:40", "end": "00:08:47", "text": "within a day of work, and and it's"}, {"start": "00:08:43", "end": "00:08:50", "text": "thanks to uh the resets, okay? Have"}, {"start": "00:08:47", "end": "00:08:53", "text": "really, really helped. And you got"}, {"start": "00:08:50", "end": "00:08:56", "text": "companies like Deep Sea got a China,"}, {"start": "00:08:53", "end": "00:08:59", "text": "okay? That's trying to raise at a $71"}, {"start": "00:08:56", "end": "00:09:02", "text": "billion valuation to build their own"}, {"start": "00:08:59", "end": "00:09:06", "text": "data centers and buy AI chips."}, {"start": "00:09:02", "end": "00:09:09", "text": "That's crazy. That's crazy, okay? So,"}, {"start": "00:09:06", "end": "00:09:12", "text": "for people that think that AI is going"}, {"start": "00:09:09", "end": "00:09:14", "text": "to go away, it's not. But, companies,"}, {"start": "00:09:12", "end": "00:09:16", "text": "they're kind of like"}, {"start": "00:09:14", "end": "00:09:18", "text": "caught in this"}, {"start": "00:09:16", "end": "00:09:21", "text": "this headwind."}, {"start": "00:09:18", "end": "00:09:23", "text": "If they don't perform, they will get"}, {"start": "00:09:21", "end": "00:09:25", "text": "wrecked. They will get wrecked. So,"}, {"start": "00:09:23", "end": "00:09:27", "text": "uh but, it's really interesting that all"}, {"start": "00:09:25", "end": "00:09:30", "text": "these frontier labs and ones out of"}, {"start": "00:09:27", "end": "00:09:32", "text": "China are trying to play catch-up. Um"}, {"start": "00:09:30", "end": "00:09:34", "text": "you know,"}, {"start": "00:09:32", "end": "00:09:37", "text": "they're pulling in big, big money, too,"}, {"start": "00:09:34", "end": "00:09:38", "text": "and it's It's war between China and the"}, {"start": "00:09:37", "end": "00:09:41", "text": "US."}, {"start": "00:09:38", "end": "00:09:42", "text": "And we'll see who ends up winning. But"}, {"start": "00:09:41", "end": "00:09:45", "text": "for now,"}, {"start": "00:09:42", "end": "00:09:47", "text": "the frontier ones from OpenAI and Claude"}, {"start": "00:09:45", "end": "00:09:48", "text": "are definitely leading and they're on my"}, {"start": "00:09:47", "end": "00:09:49", "text": "leaderboard here if you want to check it"}, {"start": "00:09:48", "end": "00:09:51", "text": "out. And I added something cool. If you"}, {"start": "00:09:49", "end": "00:09:55", "text": "guys want to compare, let's say how"}, {"start": "00:09:51", "end": "00:09:56", "text": "Fable is versus GPT-5.6,"}, {"start": "00:09:55", "end": "00:09:59", "text": "right? It gives you a really good"}, {"start": "00:09:56", "end": "00:10:00", "text": "comparison and if you scroll down, it"}, {"start": "00:09:59", "end": "00:10:02", "text": "gives you more comparison. So, just kind"}, {"start": "00:10:00", "end": "00:10:04", "text": "of cool."}, {"start": "00:10:02", "end": "00:10:07", "text": "Okay? So, you can you can see what each"}, {"start": "00:10:04", "end": "00:10:09", "text": "one means and how they compare. This is"}, {"start": "00:10:07", "end": "00:10:11", "text": "on the AI leaderboard that you guys have"}, {"start": "00:10:09", "end": "00:10:13", "text": "you guys all have access to and you"}, {"start": "00:10:11", "end": "00:10:15", "text": "could add, let's say, Grok in there and"}, {"start": "00:10:13", "end": "00:10:18", "text": "see how Grok compares. And"}, {"start": "00:10:15", "end": "00:10:21", "text": "it's all here. All right? So, that's it,"}, {"start": "00:10:18", "end": "00:10:24", "text": "guys. Hopefully, you guys are doing"}, {"start": "00:10:21", "end": "00:10:26", "text": "well. Bitcoin is holding at a very, very"}, {"start": "00:10:24", "end": "00:10:28", "text": "interesting spot. If we can shatter"}, {"start": "00:10:26", "end": "00:10:29", "text": "through 65,000,"}, {"start": "00:10:28", "end": "00:10:31", "text": "it will be very promising. That's why"}, {"start": "00:10:29", "end": "00:10:33", "text": "we're kind of holding around right here."}, {"start": "00:10:31", "end": "00:10:35", "text": "This is important resistance"}, {"start": "00:10:33", "end": "00:10:36", "text": "/support. So, if we can break through"}, {"start": "00:10:35", "end": "00:10:38", "text": "this,"}, {"start": "00:10:36", "end": "00:10:40", "text": "hey, we could be in 70s in no time,"}, {"start": "00:10:38", "end": "00:10:42", "text": "right? Let's see what happens tonight."}, {"start": "00:10:40", "end": "00:10:44", "text": "Asia should be opening up. We'll see"}, {"start": "00:10:42", "end": "00:10:46", "text": "what Asia does and then I'll see you"}, {"start": "00:10:44", "end": "00:10:49", "text": "guys tomorrow. All right? Have a good"}, {"start": "00:10:46", "end": "00:10:49", "text": "one. Take care. Bye-bye."}]

[{"start": "00:00:03", "end": "00:00:11", "text": "Welcome back to Cryptos Us. I'm George."}, {"start": "00:00:08", "end": "00:00:15", "text": "We're all George. Welcome to another"}, {"start": "00:00:11", "end": "00:00:17", "text": "market open stream. And today"}, {"start": "00:00:15", "end": "00:00:21", "text": "we are looking green. Finally, we're"}, {"start": "00:00:17", "end": "00:00:26", "text": "looking green. And that's because one"}, {"start": "00:00:21", "end": "00:00:28", "text": "important key economic data that came"}, {"start": "00:00:26", "end": "00:00:30", "text": "out today, I was very, very positive."}, {"start": "00:00:28", "end": "00:00:35", "text": "So, let's talk about it. Despite all the"}, {"start": "00:00:30", "end": "00:00:37", "text": "scariness, we're getting something good"}, {"start": "00:00:35", "end": "00:00:40", "text": "and"}, {"start": "00:00:37", "end": "00:00:42", "text": "may have just given the Bitcoin bulls a"}, {"start": "00:00:40", "end": "00:00:43", "text": "green light. So, let's talk about and"}, {"start": "00:00:42", "end": "00:00:45", "text": "let's talk about everything else that's"}, {"start": "00:00:43", "end": "00:00:48", "text": "going on today."}, {"start": "00:00:45", "end": "00:00:51", "text": "All right, let's do it, guys. Welcome,"}, {"start": "00:00:48", "end": "00:00:53", "text": "welcome, welcome."}, {"start": "00:00:51", "end": "00:00:57", "text": "You can see"}, {"start": "00:00:53", "end": "00:01:00", "text": "we bottomed out around like 61ish,"}, {"start": "00:00:57", "end": "00:01:03", "text": "618ish yesterday. Then we started"}, {"start": "00:01:00", "end": "00:01:06", "text": "climbing back up to about 62 63 and then"}, {"start": "00:01:03", "end": "00:01:09", "text": "boom, we just had this big green candle"}, {"start": "00:01:06", "end": "00:01:13", "text": "show out of nowhere. Okay. And my entire"}, {"start": "00:01:09", "end": "00:01:15", "text": "watch list is green. ETH is up almost"}, {"start": "00:01:13", "end": "00:01:17", "text": "6%."}, {"start": "00:01:15", "end": "00:01:22", "text": "And then Soul, look at the ETH. I mean,"}, {"start": "00:01:17", "end": "00:01:25", "text": "and look at soul is up about 2%, XRP is"}, {"start": "00:01:22", "end": "00:01:28", "text": "up about 3%. So, today we're getting a"}, {"start": "00:01:25", "end": "00:01:31", "text": "boost. Okay. And the breakout target is"}, {"start": "00:01:28", "end": "00:01:34", "text": "right around 646."}, {"start": "00:01:31", "end": "00:01:37", "text": "You know, we were here stuck between"}, {"start": "00:01:34", "end": "00:01:39", "text": "Yeah. these points like 61 646 and all"}, {"start": "00:01:37", "end": "00:01:41", "text": "the way down here about 61. We've been"}, {"start": "00:01:39", "end": "00:01:42", "text": "bouncing up and down. Let's see if we"}, {"start": "00:01:41", "end": "00:01:44", "text": "can finally break through. Okay. We"}, {"start": "00:01:42", "end": "00:01:47", "text": "haven't been able to break through this"}, {"start": "00:01:44", "end": "00:01:52", "text": "point for quite some time, but we got"}, {"start": "00:01:47", "end": "00:01:57", "text": "what we wanted today, and that's this"}, {"start": "00:01:52", "end": "00:02:01", "text": "CPI inflation reading somehow came in"}, {"start": "00:01:57", "end": "00:02:04", "text": "way way lower"}, {"start": "00:02:01", "end": "00:02:07", "text": "than expected."}, {"start": "00:02:04", "end": "00:02:11", "text": "This is a shocker. It's a shocker. You"}, {"start": "00:02:07", "end": "00:02:14", "text": "would figure with oil being elevated,"}, {"start": "00:02:11", "end": "00:02:17", "text": "you know, this will come in very hot,"}, {"start": "00:02:14", "end": "00:02:21", "text": "but no, it came in much lower than"}, {"start": "00:02:17", "end": "00:02:28", "text": "expected. You could see we dropped from"}, {"start": "00:02:21", "end": "00:02:29", "text": "4.2% down to 3.5% in a dramatic fashion."}, {"start": "00:02:28", "end": "00:02:31", "text": "It came in way lower than even"}, {"start": "00:02:29", "end": "00:02:34", "text": "expectations."}, {"start": "00:02:31", "end": "00:02:38", "text": "And that is what is sending things"}, {"start": "00:02:34", "end": "00:02:42", "text": "higher because there is this worry"}, {"start": "00:02:38", "end": "00:02:48", "text": "with inflation so high the Fed has no"}, {"start": "00:02:42", "end": "00:02:52", "text": "choice but to start hiking rates and not"}, {"start": "00:02:48", "end": "00:02:54", "text": "cutting, right? But after today, it kind"}, {"start": "00:02:52", "end": "00:02:57", "text": "of just reset things. Even though there"}, {"start": "00:02:54", "end": "00:03:00", "text": "is still a chance if the war continues"}, {"start": "00:02:57", "end": "00:03:01", "text": "and oil goes back up and inflation"}, {"start": "00:03:00", "end": "00:03:04", "text": "starts going back up again, there is"}, {"start": "00:03:01", "end": "00:03:07", "text": "still a chance of of having hikes, I"}, {"start": "00:03:04", "end": "00:03:10", "text": "guess. But right now, there's little"}, {"start": "00:03:07", "end": "00:03:13", "text": "reason to raise rates."}, {"start": "00:03:10", "end": "00:03:16", "text": "So, this is what is sending markets"}, {"start": "00:03:13", "end": "00:03:20", "text": "higher. Let's see what the US market is"}, {"start": "00:03:16", "end": "00:03:22", "text": "right now. plus 90 minus 84 but for"}, {"start": "00:03:20", "end": "00:03:25", "text": "crypto definitely helped in a big way."}, {"start": "00:03:22", "end": "00:03:27", "text": "Now if you look at the next FOMC"}, {"start": "00:03:25", "end": "00:03:30", "text": "calendar"}, {"start": "00:03:27", "end": "00:03:31", "text": "right now it's showing that there's a"}, {"start": "00:03:30", "end": "00:03:35", "text": "56%"}, {"start": "00:03:31", "end": "00:03:38", "text": "chance that we hold and that number can"}, {"start": "00:03:35", "end": "00:03:42", "text": "climb because of today and a 44% chance"}, {"start": "00:03:38", "end": "00:03:46", "text": "for a hike. 44% chance for a hike that"}, {"start": "00:03:42", "end": "00:03:49", "text": "is no good. No one wants that. and in"}, {"start": "00:03:46", "end": "00:03:53", "text": "September showing that there's a 52%"}, {"start": "00:03:49", "end": "00:03:57", "text": "chance for a hike. So, we need"}, {"start": "00:03:53", "end": "00:03:59", "text": "we need more data that shows inflation"}, {"start": "00:03:57", "end": "00:04:02", "text": "is going down or more data that shows"}, {"start": "00:03:59", "end": "00:04:04", "text": "jobs are being lost. That's the only way"}, {"start": "00:04:02", "end": "00:04:06", "text": "it's going to help. And today really"}, {"start": "00:04:04", "end": "00:04:09", "text": "did. Tomorrow we do have another"}, {"start": "00:04:06", "end": "00:04:12", "text": "reading. I think tomorrow is PPI or"}, {"start": "00:04:09", "end": "00:04:14", "text": "something like that. But"}, {"start": "00:04:12", "end": "00:04:17", "text": "we will see. And by the way, we do have"}, {"start": "00:04:14", "end": "00:04:20", "text": "a fancy new FOMC calendar"}, {"start": "00:04:17", "end": "00:04:23", "text": "right right on Ask Clash. It's much"}, {"start": "00:04:20", "end": "00:04:26", "text": "easier to find and much easier to read"}, {"start": "00:04:23", "end": "00:04:29", "text": "than the official CME predictions page."}, {"start": "00:04:26", "end": "00:04:33", "text": "So just FYI, another page that you may"}, {"start": "00:04:29", "end": "00:04:35", "text": "not be aware of that is on here. Every"}, {"start": "00:04:33", "end": "00:04:37", "text": "single every single thing that you could"}, {"start": "00:04:35", "end": "00:04:40", "text": "think of is here. All right. Also, Kevin"}, {"start": "00:04:37", "end": "00:04:42", "text": "Walsh, our new chair, is gonna testify"}, {"start": "00:04:40", "end": "00:04:44", "text": "in front of the House committee. It's"}, {"start": "00:04:42", "end": "00:04:49", "text": "something that I guess chairs just have"}, {"start": "00:04:44", "end": "00:04:52", "text": "to do and uh you know eyes will be on"}, {"start": "00:04:49", "end": "00:04:58", "text": "him and what he says but today's reading"}, {"start": "00:04:52", "end": "00:05:00", "text": "is definitely very very very positive"}, {"start": "00:04:58", "end": "00:05:03", "text": "very positive indeed."}, {"start": "00:05:00", "end": "00:05:04", "text": "Now there is also this war thing to"}, {"start": "00:05:03", "end": "00:05:08", "text": "worry about that I reported yesterday"}, {"start": "00:05:04", "end": "00:05:11", "text": "that Trump said or declared officially"}, {"start": "00:05:08", "end": "00:05:15", "text": "with Congress or notified Congress that"}, {"start": "00:05:11", "end": "00:05:18", "text": "we are officially at war with Iran."}, {"start": "00:05:15", "end": "00:05:20", "text": "Now there are he did still say there is"}, {"start": "00:05:18", "end": "00:05:23", "text": "a chance of a deal. He's still hinting"}, {"start": "00:05:20", "end": "00:05:26", "text": "that, but basically he declared again"}, {"start": "00:05:23", "end": "00:05:28", "text": "that we are officially in war and he"}, {"start": "00:05:26", "end": "00:05:30", "text": "said that we're going to start imposing"}, {"start": "00:05:28", "end": "00:05:33", "text": "a 20% fee."}, {"start": "00:05:30", "end": "00:05:35", "text": "Okay, I guess to help ships pass the"}, {"start": "00:05:33", "end": "00:05:37", "text": "Hormuz."}, {"start": "00:05:35", "end": "00:05:41", "text": "So"}, {"start": "00:05:37", "end": "00:05:44", "text": "basically, we stopped Iran from charging"}, {"start": "00:05:41", "end": "00:05:46", "text": "tolls, but now the US is going to start"}, {"start": "00:05:44", "end": "00:05:48", "text": "doing it."}, {"start": "00:05:46", "end": "00:05:52", "text": "I guess, you know, if we're sending our"}, {"start": "00:05:48", "end": "00:05:56", "text": "our navy to escort ships out, that's"}, {"start": "00:05:52", "end": "00:05:57", "text": "enormous amount of cost and time. So, I"}, {"start": "00:05:56", "end": "00:06:01", "text": "guess from that perspective, it makes"}, {"start": "00:05:57", "end": "00:06:06", "text": "sense. But all these"}, {"start": "00:06:01", "end": "00:06:10", "text": "all these freighters and oil tankers and"}, {"start": "00:06:06", "end": "00:06:13", "text": "cargo ships that are now coming out is"}, {"start": "00:06:10", "end": "00:06:15", "text": "going to face a 20% toll. though uh"}, {"start": "00:06:13", "end": "00:06:18", "text": "causing a lot of"}, {"start": "00:06:15", "end": "00:06:20", "text": "disruptions I would say okay a lot of"}, {"start": "00:06:18", "end": "00:06:23", "text": "heat right now it is making a lot of"}, {"start": "00:06:20", "end": "00:06:24", "text": "companies"}, {"start": "00:06:23", "end": "00:06:28", "text": "or countries"}, {"start": "00:06:24", "end": "00:06:31", "text": "uh buy from elsewhere so it's kind of"}, {"start": "00:06:28", "end": "00:06:32", "text": "like it's kind of like ruining that area"}, {"start": "00:06:31", "end": "00:06:37", "text": "so to speak but that may be part of the"}, {"start": "00:06:32", "end": "00:06:40", "text": "plan if you look at oil exporters"}, {"start": "00:06:37", "end": "00:06:44", "text": "the US has become number one think about"}, {"start": "00:06:40", "end": "00:06:46", "text": "that that's that's Crazy. That's crazy."}, {"start": "00:06:44", "end": "00:06:48", "text": "[gasps] But again, that might be part of"}, {"start": "00:06:46", "end": "00:06:50", "text": "the plan and part of the 40 chess that"}, {"start": "00:06:48", "end": "00:06:54", "text": "people don't see and the media does not"}, {"start": "00:06:50", "end": "00:06:56", "text": "report. So, think about that. Uh, South"}, {"start": "00:06:54", "end": "00:06:59", "text": "Korea saw this,"}, {"start": "00:06:56", "end": "00:07:00", "text": "you know, their biggest memory maker. I"}, {"start": "00:06:59", "end": "00:07:02", "text": "don't know if the biggest one of the"}, {"start": "00:07:00", "end": "00:07:05", "text": "biggest, either them or Samsung. Highex"}, {"start": "00:07:02", "end": "00:07:08", "text": "dropped over 15%."}, {"start": "00:07:05", "end": "00:07:10", "text": "Okay. Yesterday, so no good. This was"}, {"start": "00:07:08", "end": "00:07:14", "text": "also adding to a lot of sell pressure"}, {"start": "00:07:10", "end": "00:07:15", "text": "last night until we got some good news"}, {"start": "00:07:14", "end": "00:07:18", "text": "today."}, {"start": "00:07:15", "end": "00:07:21", "text": "But yeah, Asian markets, you know, very"}, {"start": "00:07:18", "end": "00:07:24", "text": "very volatile up and down like a meme"}, {"start": "00:07:21", "end": "00:07:26", "text": "market basically."}, {"start": "00:07:24", "end": "00:07:28", "text": "So we still got to watch out for that."}, {"start": "00:07:26", "end": "00:07:31", "text": "But I I did check overall Korea ended up"}, {"start": "00:07:28", "end": "00:07:34", "text": "in the green. So whatever whatever"}, {"start": "00:07:31", "end": "00:07:37", "text": "happened uh they did recover. But you're"}, {"start": "00:07:34", "end": "00:07:40", "text": "starting to see a lot of this because"}, {"start": "00:07:37", "end": "00:07:42", "text": "there are too many tech companies that"}, {"start": "00:07:40", "end": "00:07:44", "text": "are AI companies that are or"}, {"start": "00:07:42", "end": "00:07:45", "text": "infrastructure company that are way"}, {"start": "00:07:44", "end": "00:07:48", "text": "overheated right now and there's going"}, {"start": "00:07:45", "end": "00:07:50", "text": "to be corrections and when that happens"}, {"start": "00:07:48", "end": "00:07:54", "text": "usually that means there's a cap"}, {"start": "00:07:50", "end": "00:07:57", "text": "rotation out right."}, {"start": "00:07:54", "end": "00:08:00", "text": "Uh"}, {"start": "00:07:57", "end": "00:08:03", "text": "yeah outside of this yesterday was not a"}, {"start": "00:08:00", "end": "00:08:05", "text": "good day for inflows or outflows. It was"}, {"start": "00:08:03", "end": "00:08:08", "text": "not a good day. Let me rephrase that for"}, {"start": "00:08:05", "end": "00:08:13", "text": "inflows. It was a horrible day because"}, {"start": "00:08:08", "end": "00:08:16", "text": "of outflows. Yesterday we had a minus424"}, {"start": "00:08:13", "end": "00:08:20", "text": "million outflow day."}, {"start": "00:08:16", "end": "00:08:20", "text": "Kind of scary."}, {"start": "00:08:21", "end": "00:08:30", "text": "And then minus 15% for ETH. Soul had"}, {"start": "00:08:26", "end": "00:08:33", "text": "decent and XP. That's a big sell-off,"}, {"start": "00:08:30", "end": "00:08:36", "text": "right? And yesterday we did have stock"}, {"start": "00:08:33", "end": "00:08:38", "text": "market selloff, but Bitcoin didn't"}, {"start": "00:08:36", "end": "00:08:40", "text": "really go down. It actually stood pretty"}, {"start": "00:08:38", "end": "00:08:44", "text": "well during the day. It only went down"}, {"start": "00:08:40", "end": "00:08:47", "text": "when Asian markets opened. So despite"}, {"start": "00:08:44", "end": "00:08:50", "text": "the outflow, Bitcoin still held"}, {"start": "00:08:47", "end": "00:08:52", "text": "and are definitely buyers. And here's"}, {"start": "00:08:50", "end": "00:08:56", "text": "the thing, too. Look at this. We had a"}, {"start": "00:08:52", "end": "00:08:59", "text": "minus 2 million plus day for liquidity."}, {"start": "00:08:56", "end": "00:09:02", "text": "Yesterday was definitely a big capital"}, {"start": "00:08:59", "end": "00:09:03", "text": "rotation day. People are scared of"}, {"start": "00:09:02", "end": "00:09:07", "text": "markets. Yesterday was not a good day"}, {"start": "00:09:03", "end": "00:09:09", "text": "for markets. Tech dumped greatly. Okay."}, {"start": "00:09:07", "end": "00:09:11", "text": "So, I think a lot of people are still"}, {"start": "00:09:09", "end": "00:09:14", "text": "sitting on sidelines"}, {"start": "00:09:11", "end": "00:09:17", "text": "afraid of what's happening with the war"}, {"start": "00:09:14", "end": "00:09:20", "text": "escalation with inflation. But today we"}, {"start": "00:09:17", "end": "00:09:22", "text": "got some crazy"}, {"start": "00:09:20", "end": "00:09:26", "text": "inflation numbers"}, {"start": "00:09:22", "end": "00:09:28", "text": "um in a good way. So tomorrow we could"}, {"start": "00:09:26", "end": "00:09:31", "text": "see these numbers reverse and see a plus"}, {"start": "00:09:28", "end": "00:09:34", "text": "$2 billion day and plus 500 million"}, {"start": "00:09:31", "end": "00:09:37", "text": "inflow. That's how it works sometimes"}, {"start": "00:09:34", "end": "00:09:41", "text": "with with Wall Street."}, {"start": "00:09:37", "end": "00:09:45", "text": "They're just they just react, right? Not"}, {"start": "00:09:41", "end": "00:09:49", "text": "everyone is is thinking long term. So"}, {"start": "00:09:45", "end": "00:09:51", "text": "we'll see. Uh liquidations quite high,"}, {"start": "00:09:49", "end": "00:09:55", "text": "but the good thing is mostly on the"}, {"start": "00:09:51", "end": "00:09:59", "text": "short side. 414 million because today's"}, {"start": "00:09:55", "end": "00:10:02", "text": "surprise move to the upside. We saw a"}, {"start": "00:09:59", "end": "00:10:04", "text": "lot of shorts get liquidated."}, {"start": "00:10:02", "end": "00:10:06", "text": "That's good. But we still have a lot of"}, {"start": "00:10:04", "end": "00:10:10", "text": "longs getting liquidated too. Uh both"}, {"start": "00:10:06", "end": "00:10:13", "text": "ways. So half a billion being liquidated"}, {"start": "00:10:10", "end": "00:10:17", "text": "is no good. No good. We need this to"}, {"start": "00:10:13", "end": "00:10:19", "text": "come down. Need it to come down a lot"}, {"start": "00:10:17", "end": "00:10:22", "text": "more. you know, all that money being"}, {"start": "00:10:19", "end": "00:10:24", "text": "liquidated could just go into DCA,"}, {"start": "00:10:22", "end": "00:10:26", "text": "right? Think about the billions upon"}, {"start": "00:10:24", "end": "00:10:28", "text": "billions upon billions upon billions"}, {"start": "00:10:26", "end": "00:10:31", "text": "that that have been lost over just even"}, {"start": "00:10:28", "end": "00:10:35", "text": "the last few months. If all that just"}, {"start": "00:10:31", "end": "00:10:38", "text": "went in to buying Bitcoin or ETH or Soul"}, {"start": "00:10:35", "end": "00:10:40", "text": "or Hype or XRP, not only would the other"}, {"start": "00:10:38", "end": "00:10:43", "text": "people have it,"}, {"start": "00:10:40", "end": "00:10:46", "text": "it probably would have made things a lot"}, {"start": "00:10:43", "end": "00:10:46", "text": "less volatile."}, {"start": "00:10:49", "end": "00:10:52", "text": "Here's something else that people are"}, {"start": "00:10:50", "end": "00:10:54", "text": "still very afraid of. And this was"}, {"start": "00:10:52", "end": "00:10:57", "text": "reported, I reported this yesterday. The"}, {"start": "00:10:54", "end": "00:10:59", "text": "US government moved about 288 million in"}, {"start": "00:10:57", "end": "00:11:02", "text": "seiz Bitcoin and Ether to Coinbase"}, {"start": "00:10:59", "end": "00:11:04", "text": "Prime. Now, there's really only two"}, {"start": "00:11:02", "end": "00:11:07", "text": "reasons why they would do that. One is"}, {"start": "00:11:04", "end": "00:11:09", "text": "for for custody reasons, or two, they're"}, {"start": "00:11:07", "end": "00:11:12", "text": "going to sell. And this was reported"}, {"start": "00:11:09", "end": "00:11:14", "text": "before Sailor sold too. People saw that"}, {"start": "00:11:12", "end": "00:11:18", "text": "strategy was moving things to Coinbase"}, {"start": "00:11:14", "end": "00:11:21", "text": "Prime. So, makes you wonder why now,"}, {"start": "00:11:18", "end": "00:11:23", "text": "right? Is this going to really happen?"}, {"start": "00:11:21", "end": "00:11:26", "text": "Is the excuse they need the funds to"}, {"start": "00:11:23", "end": "00:11:28", "text": "fund the war? Honestly, 288 million"}, {"start": "00:11:26", "end": "00:11:29", "text": "won't fund anything. This war has costed"}, {"start": "00:11:28", "end": "00:11:33", "text": "tens of billions. It'll probably run"}, {"start": "00:11:29", "end": "00:11:36", "text": "into hundreds of billions of dollars."}, {"start": "00:11:33", "end": "00:11:39", "text": "288 million is not going to do much."}, {"start": "00:11:36", "end": "00:11:41", "text": "Just a couple missiles launched. Okay."}, {"start": "00:11:39", "end": "00:11:44", "text": "It's probably 288 million. That's how"}, {"start": "00:11:41", "end": "00:11:46", "text": "expensive wars are. So, I don't know. I"}, {"start": "00:11:44", "end": "00:11:50", "text": "don't know what this really means, but"}, {"start": "00:11:46", "end": "00:11:52", "text": "th this did cause a lot of fear,"}, {"start": "00:11:50", "end": "00:11:55", "text": "you know, when it was reported. So, I"}, {"start": "00:11:52", "end": "00:11:58", "text": "guess we'll have to see."}, {"start": "00:11:55", "end": "00:12:00", "text": "But, you know, this despite all this, we"}, {"start": "00:11:58", "end": "00:12:03", "text": "do have"}, {"start": "00:12:00", "end": "00:12:06", "text": "good news. There's always good news,"}, {"start": "00:12:03", "end": "00:12:09", "text": "right? Despite things looking weak and"}, {"start": "00:12:06", "end": "00:12:11", "text": "the glass half empty,"}, {"start": "00:12:09", "end": "00:12:13", "text": "there are"}, {"start": "00:12:11", "end": "00:12:16", "text": "good news. For example, this this is a"}, {"start": "00:12:13", "end": "00:12:18", "text": "nice chart to look at."}, {"start": "00:12:16", "end": "00:12:22", "text": "Okay, bottom"}, {"start": "00:12:18", "end": "00:12:25", "text": "when the RSI or in this case stochastic"}, {"start": "00:12:22", "end": "00:12:27", "text": "RSI bottoms and this is on a twomonth"}, {"start": "00:12:25", "end": "00:12:29", "text": "chart and you can see right there how"}, {"start": "00:12:27", "end": "00:12:32", "text": "it's happening."}, {"start": "00:12:29", "end": "00:12:35", "text": "When that happens, that's a bottom. The"}, {"start": "00:12:32", "end": "00:12:40", "text": "last two times that happened was the"}, {"start": "00:12:35", "end": "00:12:43", "text": "last two crypto winter bottoms, 2019 and"}, {"start": "00:12:40", "end": "00:12:45", "text": "2022."}, {"start": "00:12:43", "end": "00:12:48", "text": "And guess what? We're doing the same"}, {"start": "00:12:45", "end": "00:12:49", "text": "exact thing and we're flipping above. So"}, {"start": "00:12:48", "end": "00:12:51", "text": "again,"}, {"start": "00:12:49", "end": "00:12:54", "text": "this is looking more and more and more"}, {"start": "00:12:51", "end": "00:12:56", "text": "like its bottom. A lot of people are"}, {"start": "00:12:54", "end": "00:13:00", "text": "still hoping or anticipating that we may"}, {"start": "00:12:56", "end": "00:13:05", "text": "fall to 54 or maybe fall into the 40s,"}, {"start": "00:13:00", "end": "00:13:08", "text": "but the bulls have made a stand at"}, {"start": "00:13:05", "end": "00:13:12", "text": "60,000. We are holding very strong above"}, {"start": "00:13:08", "end": "00:13:15", "text": "it and it just there's more signs, more"}, {"start": "00:13:12", "end": "00:13:20", "text": "metrics, more charts that show that this"}, {"start": "00:13:15", "end": "00:13:24", "text": "is bottom and we will be moving forward."}, {"start": "00:13:20", "end": "00:13:27", "text": "Okay, even though a lot of holders have"}, {"start": "00:13:24", "end": "00:13:30", "text": "been underwater for a while, this is"}, {"start": "00:13:27", "end": "00:13:37", "text": "what happens during crypto winters when"}, {"start": "00:13:30", "end": "00:13:38", "text": "things flip around every single time."}, {"start": "00:13:37", "end": "00:13:42", "text": "This is what happens. And there are a"}, {"start": "00:13:38", "end": "00:13:45", "text": "lot of metrics that show when a vast"}, {"start": "00:13:42", "end": "00:13:47", "text": "majority or more than majority not vast"}, {"start": "00:13:45", "end": "00:13:50", "text": "but more than majority of the holders or"}, {"start": "00:13:47", "end": "00:13:53", "text": "Bitcoin in circulation is at a loss"}, {"start": "00:13:50", "end": "00:13:59", "text": "that's actually a bottom. There are a"}, {"start": "00:13:53", "end": "00:14:01", "text": "lot of metrics that show that right. So"}, {"start": "00:13:59", "end": "00:14:05", "text": "just got to hang in there. Got to hang"}, {"start": "00:14:01", "end": "00:14:08", "text": "in there. This is the time to be in"}, {"start": "00:14:05", "end": "00:14:09", "text": "Bitcoin and crypto. If you're coming in"}, {"start": "00:14:08", "end": "00:14:13", "text": "for a first time, this is a great time"}, {"start": "00:14:09", "end": "00:14:15", "text": "to be loading up. If you have been in"}, {"start": "00:14:13", "end": "00:14:18", "text": "the space, well then you already know"}, {"start": "00:14:15", "end": "00:14:22", "text": "the drill. Okay, stay strong. Hodddle"}, {"start": "00:14:18", "end": "00:14:24", "text": "and DCA if you can."}, {"start": "00:14:22", "end": "00:14:28", "text": "Uh we still have Clarity Act to look"}, {"start": "00:14:24", "end": "00:14:31", "text": "forward to. Senator Levis is pushing for"}, {"start": "00:14:28", "end": "00:14:34", "text": "it. Trump is pushing for it. In fact, he"}, {"start": "00:14:31", "end": "00:14:37", "text": "said hopefully he get pushed through to"}, {"start": "00:14:34", "end": "00:14:39", "text": "a vote I think this week."}, {"start": "00:14:37", "end": "00:14:42", "text": "Okay, it was supposed to be before the"}, {"start": "00:14:39", "end": "00:14:46", "text": "4th of July. Now the deadline is like"}, {"start": "00:14:42", "end": "00:14:49", "text": "August, but between now and then, we can"}, {"start": "00:14:46", "end": "00:14:51", "text": "have it pushed through and be voted"}, {"start": "00:14:49", "end": "00:14:54", "text": "upon. And a lot of people are looking"}, {"start": "00:14:51", "end": "00:14:59", "text": "forward to it. And it could be a very"}, {"start": "00:14:54", "end": "00:14:59", "text": "good thing for crypto."}, {"start": "00:15:02", "end": "00:15:10", "text": "This doesn't happen very often, but"}, {"start": "00:15:05", "end": "00:15:14", "text": "it can. Some random miner, okay, with"}, {"start": "00:15:10", "end": "00:15:17", "text": "with with a very budget mining ring, one"}, {"start": "00:15:14", "end": "00:15:20", "text": "entire block of Bitcoin. That normally"}, {"start": "00:15:17", "end": "00:15:23", "text": "doesn't happen. Most miners, they end up"}, {"start": "00:15:20", "end": "00:15:25", "text": "sharing, you know, fractional Bitcoin"}, {"start": "00:15:23", "end": "00:15:27", "text": "and usually it goes to like the big"}, {"start": "00:15:25", "end": "00:15:29", "text": "guys. But, you know, when it comes to"}, {"start": "00:15:27", "end": "00:15:31", "text": "mining Bitcoin, it's it's really like"}, {"start": "00:15:29", "end": "00:15:33", "text": "the draw of the luck. Whoever could"}, {"start": "00:15:31", "end": "00:15:35", "text": "solve the block gets it. And a lot of"}, {"start": "00:15:33", "end": "00:15:39", "text": "times it goes to the big mining, you"}, {"start": "00:15:35", "end": "00:15:43", "text": "know, uh, companies. But this time, just"}, {"start": "00:15:39", "end": "00:15:46", "text": "some hobby miner got the entire bag, got"}, {"start": "00:15:43", "end": "00:15:48", "text": "the entire block of Bitcoin. So, it can"}, {"start": "00:15:46", "end": "00:15:51", "text": "still happen. Just to show you guys,"}, {"start": "00:15:48", "end": "00:15:54", "text": "that's kind of cool. Kind of cool."}, {"start": "00:15:51", "end": "00:15:55", "text": "Probably never happen again, ever to"}, {"start": "00:15:54", "end": "00:16:00", "text": "this person. It's like winning the"}, {"start": "00:15:55", "end": "00:16:04", "text": "lottery. Um, but it it did happen."}, {"start": "00:16:00", "end": "00:16:06", "text": "Uh, what else? I guess this uh this went"}, {"start": "00:16:04", "end": "00:16:12", "text": "viral. Kathy Wood bought a whole bunch"}, {"start": "00:16:06", "end": "00:16:15", "text": "of circle stock right before they got"}, {"start": "00:16:12", "end": "00:16:15", "text": "their bank charter."}, {"start": "00:16:16", "end": "00:16:20", "text": "So, did she know something or pure"}, {"start": "00:16:19", "end": "00:16:23", "text": "coincidence?"}, {"start": "00:16:20", "end": "00:16:25", "text": "You know, who knows? Who knows? But you"}, {"start": "00:16:23", "end": "00:16:30", "text": "you tend to see a lot of this"}, {"start": "00:16:25", "end": "00:16:32", "text": "a lot of this uh happening on Wall"}, {"start": "00:16:30", "end": "00:16:34", "text": "Street. But again, it could be a total"}, {"start": "00:16:32", "end": "00:16:37", "text": "coincidence. Maybe she thought, \"Hey,"}, {"start": "00:16:34", "end": "00:16:40", "text": "Circle was oversold. Things are looking"}, {"start": "00:16:37", "end": "00:16:42", "text": "good. I better buy.\" And then boom,"}, {"start": "00:16:40", "end": "00:16:45", "text": "this happens. Good for her. She's been a"}, {"start": "00:16:42", "end": "00:16:49", "text": "big Bitcoin and crypto uh bull for a"}, {"start": "00:16:45", "end": "00:16:51", "text": "long time. So, whatever. Whatever."}, {"start": "00:16:49", "end": "00:16:54", "text": "And lastly has nothing to do with crypto"}, {"start": "00:16:51", "end": "00:16:57", "text": "but cursor poaches one of the main"}, {"start": "00:16:54", "end": "00:17:02", "text": "design lead guys from Claude. So"}, {"start": "00:16:57", "end": "00:17:04", "text": "Anthropic is feeling the heat. GPT is"}, {"start": "00:17:02", "end": "00:17:07", "text": "making Anthropic"}, {"start": "00:17:04", "end": "00:17:10", "text": "look really bad right now especially on"}, {"start": "00:17:07", "end": "00:17:13", "text": "X. Everyone's turning to Codeex. Codex"}, {"start": "00:17:10", "end": "00:17:16", "text": "is adding millions of users every single"}, {"start": "00:17:13", "end": "00:17:18", "text": "day it seems like and they're being very"}, {"start": "00:17:16", "end": "00:17:20", "text": "generous with their usage limits."}, {"start": "00:17:18", "end": "00:17:22", "text": "Anthropic is feeling the heat. Their"}, {"start": "00:17:20", "end": "00:17:26", "text": "models are very expensive and they're"}, {"start": "00:17:22", "end": "00:17:30", "text": "losing people and their IPO is looking"}, {"start": "00:17:26", "end": "00:17:32", "text": "very very shaky going forward."}, {"start": "00:17:30", "end": "00:17:34", "text": "And cursor in case you don't know they"}, {"start": "00:17:32", "end": "00:17:38", "text": "are a coding company who got bought out"}, {"start": "00:17:34", "end": "00:17:41", "text": "by Grock and XAI and Elon. So it's part"}, {"start": "00:17:38", "end": "00:17:44", "text": "of Elon's group now. So Elon is very"}, {"start": "00:17:41", "end": "00:17:49", "text": "serious at making"}, {"start": "00:17:44", "end": "00:17:51", "text": "Grock a serious and frontier leading LM,"}, {"start": "00:17:49", "end": "00:17:54", "text": "which I thought wasn't possible before"}, {"start": "00:17:51", "end": "00:17:57", "text": "because of how bad Grock 4.3 was, but"}, {"start": "00:17:54", "end": "00:18:00", "text": "4.5 is honestly good and they're still"}, {"start": "00:17:57", "end": "00:18:03", "text": "working on others."}, {"start": "00:18:00", "end": "00:18:06", "text": "All right, outside of that, that's it."}, {"start": "00:18:03", "end": "00:18:07", "text": "Uh things are looking very green, very"}, {"start": "00:18:06", "end": "00:18:11", "text": "green all around. to yesterday we had a"}, {"start": "00:18:07", "end": "00:18:13", "text": "big tech sell off. I see my entire watch"}, {"start": "00:18:11", "end": "00:18:17", "text": "list being green right now basically"}, {"start": "00:18:13", "end": "00:18:18", "text": "other than Google. Everything is up. I"}, {"start": "00:18:17", "end": "00:18:21", "text": "don't know if it recovered from"}, {"start": "00:18:18", "end": "00:18:24", "text": "yesterday's drop. Probably not. But we"}, {"start": "00:18:21", "end": "00:18:26", "text": "have a good green day for Bitcoin."}, {"start": "00:18:24", "end": "00:18:29", "text": "Waiting for this breakout right here if"}, {"start": "00:18:26", "end": "00:18:29", "text": "we can hit it."}, {"start": "00:18:30", "end": "00:18:34", "text": "Let's do some good."}, {"start": "00:18:58", "end": "00:19:01", "text": "Let's see."}, {"start": "00:19:02", "end": "00:19:13", "text": "So far, this month has been good. We're"}, {"start": "00:19:06", "end": "00:19:16", "text": "up 5% 5.3% for the month. Okay. Uh last"}, {"start": "00:19:13", "end": "00:19:18", "text": "month, obviously, we had a bad month,"}, {"start": "00:19:16", "end": "00:19:21", "text": "minus 20%, but we're up. We're green."}, {"start": "00:19:18", "end": "00:19:25", "text": "And that's uh that's Bitcoin. ETH is up"}, {"start": "00:19:21", "end": "00:19:25", "text": "almost 13%."}, {"start": "00:19:25", "end": "00:19:32", "text": "So, so far so good. And we're only"}, {"start": "00:19:29", "end": "00:19:32", "text": "halfway through."}, {"start": "00:19:37", "end": "00:19:41", "text": "Something stuck between my teeth."}, {"start": "00:20:15", "end": "00:20:20", "text": "your thoughts on October 5th being a low"}, {"start": "00:20:18", "end": "00:20:23", "text": "for Bitcoin?"}, {"start": "00:20:20", "end": "00:20:26", "text": "I can't think of any rhyme or reason for"}, {"start": "00:20:23", "end": "00:20:29", "text": "that. I just think there will be a big"}, {"start": "00:20:26", "end": "00:20:31", "text": "cap rotation out at some point this year"}, {"start": "00:20:29", "end": "00:20:35", "text": "from Tekk and AI. there's going to be"}, {"start": "00:20:31", "end": "00:20:37", "text": "some kind of big bubble correction"}, {"start": "00:20:35", "end": "00:20:40", "text": "and uh and then that's when we could see"}, {"start": "00:20:37", "end": "00:20:45", "text": "a big influx of money come back in. We"}, {"start": "00:20:40", "end": "00:20:47", "text": "definitely saw a big outflow, okay, from"}, {"start": "00:20:45", "end": "00:20:50", "text": "the beginning of the year to now, but I"}, {"start": "00:20:47", "end": "00:20:51", "text": "think we will see that come back. But I"}, {"start": "00:20:50", "end": "00:20:55", "text": "don't know what that has to do with"}, {"start": "00:20:51", "end": "00:20:55", "text": "October 5th."}, {"start": "00:21:00", "end": "00:21:05", "text": "I'm not doing anything"}, {"start": "00:21:03", "end": "00:21:11", "text": "on Robin Hood chain. I am building a new"}, {"start": "00:21:05", "end": "00:21:13", "text": "game though. One that I think has huge"}, {"start": "00:21:11", "end": "00:21:16", "text": "huge"}, {"start": "00:21:13", "end": "00:21:16", "text": "um"}, {"start": "00:21:18", "end": "00:21:22", "text": "I think it'll be huge."}, {"start": "00:21:20", "end": "00:21:25", "text": "I think it's a game that people will get"}, {"start": "00:21:22", "end": "00:21:26", "text": "really addicted to, almost too addicted"}, {"start": "00:21:25", "end": "00:21:28", "text": "to it."}, {"start": "00:21:26", "end": "00:21:30", "text": "and uh"}, {"start": "00:21:28", "end": "00:21:33", "text": "and it's going to be it's going to be"}, {"start": "00:21:30", "end": "00:21:33", "text": "awesome."}, {"start": "00:21:35", "end": "00:21:39", "text": "Yeah. So, I'm working on that. I'm"}, {"start": "00:21:36", "end": "00:21:42", "text": "working also on a new database for"}, {"start": "00:21:39", "end": "00:21:45", "text": "asslash one that I developed back a few"}, {"start": "00:21:42", "end": "00:21:48", "text": "months ago and I was using it but I"}, {"start": "00:21:45", "end": "00:21:52", "text": "haven't really like perfected it but I"}, {"start": "00:21:48", "end": "00:21:54", "text": "call it I call it a wisdom database and"}, {"start": "00:21:52", "end": "00:21:56", "text": "I've been working at it since yesterday"}, {"start": "00:21:54", "end": "00:21:58", "text": "and it's almost good. It's going to make"}, {"start": "00:21:56", "end": "00:22:00", "text": "the searches on ask clash like"}, {"start": "00:21:58", "end": "00:22:04", "text": "infinitely faster. So almost everything"}, {"start": "00:22:00", "end": "00:22:07", "text": "will be retrieved like instantly and the"}, {"start": "00:22:04", "end": "00:22:09", "text": "database is really effective at storing"}, {"start": "00:22:07", "end": "00:22:12", "text": "data."}, {"start": "00:22:09", "end": "00:22:16", "text": "So the compression ratio it's like 10 to"}, {"start": "00:22:12", "end": "00:22:18", "text": "one. So whatever data there is"}, {"start": "00:22:16", "end": "00:22:24", "text": "it can store"}, {"start": "00:22:18", "end": "00:22:26", "text": "usable like snippets or sections of"}, {"start": "00:22:24", "end": "00:22:28", "text": "of articles let's say and social posts"}, {"start": "00:22:26", "end": "00:22:31", "text": "and anything else that collect data"}, {"start": "00:22:28", "end": "00:22:33", "text": "points. It could store it very"}, {"start": "00:22:31", "end": "00:22:37", "text": "effectively have a 10 to1 basic"}, {"start": "00:22:33", "end": "00:22:40", "text": "compression ratio and be served"}, {"start": "00:22:37", "end": "00:22:43", "text": "near instant. So"}, {"start": "00:22:40", "end": "00:22:45", "text": "I'm working on that too. So that's very"}, {"start": "00:22:43", "end": "00:22:49", "text": "exciting. I'm always finding things to"}, {"start": "00:22:45", "end": "00:22:49", "text": "work on, to improve."}, {"start": "00:23:00", "end": "00:23:04", "text": "Jay, you don't have to worry about if"}, {"start": "00:23:02", "end": "00:23:07", "text": "Clash is going to pump. It will. People"}, {"start": "00:23:04", "end": "00:23:09", "text": "just don't see the flywheel effect yet,"}, {"start": "00:23:07", "end": "00:23:12", "text": "but they will. Asclash is going to be"}, {"start": "00:23:09", "end": "00:23:14", "text": "one of the best premier AI intelligent"}, {"start": "00:23:12", "end": "00:23:16", "text": "platforms."}, {"start": "00:23:14", "end": "00:23:17", "text": "Once once people realize that in the"}, {"start": "00:23:16", "end": "00:23:19", "text": "crypto community, more and more people"}, {"start": "00:23:17", "end": "00:23:22", "text": "use it. There is just nothing else like"}, {"start": "00:23:19", "end": "00:23:25", "text": "it. No one has anything close. We do"}, {"start": "00:23:22", "end": "00:23:30", "text": "have better answers than even Chash BT"}, {"start": "00:23:25", "end": "00:23:32", "text": "or Claude when it comes to answers. Um,"}, {"start": "00:23:30", "end": "00:23:36", "text": "and not to mention all the data that we"}, {"start": "00:23:32", "end": "00:23:38", "text": "have, all the all the useful tools that"}, {"start": "00:23:36", "end": "00:23:41", "text": "I built. When the subscriptions go up,"}, {"start": "00:23:38", "end": "00:23:43", "text": "you're people will see this the flywheel"}, {"start": "00:23:41", "end": "00:23:45", "text": "effect on Clash and the game too."}, {"start": "00:23:43", "end": "00:23:47", "text": "Hopefully that that's another reason why"}, {"start": "00:23:45", "end": "00:23:49", "text": "I'm building it. It's completely"}, {"start": "00:23:47", "end": "00:23:52", "text": "different. It's AI related, but I think"}, {"start": "00:23:49", "end": "00:23:55", "text": "it's going to be super viral and get"}, {"start": "00:23:52", "end": "00:23:57", "text": "people super addicted. If I could do it"}, {"start": "00:23:55", "end": "00:23:59", "text": "right, we'll see. I've tried with two"}, {"start": "00:23:57", "end": "00:24:00", "text": "other games. I kind of gave up on them"}, {"start": "00:23:59", "end": "00:24:03", "text": "because I don't think they're really"}, {"start": "00:24:00", "end": "00:24:07", "text": "good. This one"}, {"start": "00:24:03", "end": "00:24:07", "text": "I think is really good."}, {"start": "00:24:33", "end": "00:24:38", "text": "Yep. We need to break out of that"}, {"start": "00:24:36", "end": "00:24:40", "text": "65,000."}, {"start": "00:24:38", "end": "00:24:43", "text": "We've been stuck under 65,000 for a long"}, {"start": "00:24:40", "end": "00:24:45", "text": "time. Need to break out of there."}, {"start": "00:24:43", "end": "00:24:49", "text": "Today's inflation rating was a big"}, {"start": "00:24:45", "end": "00:24:51", "text": "surprise in a good way and uh kind of"}, {"start": "00:24:49", "end": "00:24:53", "text": "jump started things."}, {"start": "00:24:51", "end": "00:24:56", "text": "We do [clears throat] have another We do"}, {"start": "00:24:53", "end": "00:24:58", "text": "have another uh inflation reading I"}, {"start": "00:24:56", "end": "00:25:00", "text": "think PPI tomorrow. So that's probably"}, {"start": "00:24:58", "end": "00:25:02", "text": "will go down too. There's no way to"}, {"start": "00:25:00", "end": "00:25:05", "text": "today's went down. Tomorrow's doesn't."}, {"start": "00:25:02", "end": "00:25:09", "text": "So it's good. We needed we needed a win."}, {"start": "00:25:05", "end": "00:25:09", "text": "We needed something."}, {"start": "00:25:24", "end": "00:25:27", "text": "Grenle,"}, {"start": "00:25:27", "end": "00:25:32", "text": "that's last month's pre-new US strikes"}, {"start": "00:25:29", "end": "00:25:36", "text": "in Iran. Strikes in Iran does not affect"}, {"start": "00:25:32", "end": "00:25:40", "text": "inflation. What does is oil prices. We"}, {"start": "00:25:36", "end": "00:25:42", "text": "know oil prices have skyrocketed and"}, {"start": "00:25:40", "end": "00:25:44", "text": "then they have come back down, but now"}, {"start": "00:25:42", "end": "00:25:46", "text": "it's starting to go up because of the"}, {"start": "00:25:44", "end": "00:25:49", "text": "declaration of war yesterday, which I"}, {"start": "00:25:46", "end": "00:25:50", "text": "think most people are ignoring now. It's"}, {"start": "00:25:49", "end": "00:25:52", "text": "like you would figure if the US"}, {"start": "00:25:50", "end": "00:25:54", "text": "officially declares war on the country,"}, {"start": "00:25:52", "end": "00:25:57", "text": "that would be very bad. But it's been"}, {"start": "00:25:54", "end": "00:25:59", "text": "ongoing like like most people don't seem"}, {"start": "00:25:57", "end": "00:26:00", "text": "to even care about it anymore because we"}, {"start": "00:25:59", "end": "00:26:03", "text": "are already in war and then there's"}, {"start": "00:26:00", "end": "00:26:06", "text": "ceasefire talks and now there's threats"}, {"start": "00:26:03", "end": "00:26:08", "text": "of escalation of war. But like I don't"}, {"start": "00:26:06", "end": "00:26:11", "text": "know, it's just like people are so"}, {"start": "00:26:08", "end": "00:26:13", "text": "confused and sick of hearing about it,"}, {"start": "00:26:11", "end": "00:26:15", "text": "they don't even really care anymore. But"}, {"start": "00:26:13", "end": "00:26:17", "text": "as as for inflation, it really comes"}, {"start": "00:26:15", "end": "00:26:20", "text": "down to oil. That's that's what it comes"}, {"start": "00:26:17", "end": "00:26:23", "text": "down to. Our irresponsible our"}, {"start": "00:26:20", "end": "00:26:26", "text": "irresponsible spending,"}, {"start": "00:26:23", "end": "00:26:29", "text": "you know, it caused the deficit to go up"}, {"start": "00:26:26", "end": "00:26:33", "text": "very rapidly. We added $2 trillion"}, {"start": "00:26:29", "end": "00:26:38", "text": "within the last year, which is crazy. We"}, {"start": "00:26:33", "end": "00:26:41", "text": "just spend like like it doesn't matter."}, {"start": "00:26:38", "end": "00:26:43", "text": "We really do. And uh and that's a big"}, {"start": "00:26:41", "end": "00:26:46", "text": "problem. We'll never recover that. The"}, {"start": "00:26:43", "end": "00:26:48", "text": "deficit keeps getting larger and doesn't"}, {"start": "00:26:46", "end": "00:26:49", "text": "seem like anyone could ever solve it."}, {"start": "00:26:48", "end": "00:26:52", "text": "Those tolls that we have been"}, {"start": "00:26:49", "end": "00:26:55", "text": "collecting,"}, {"start": "00:26:52", "end": "00:26:57", "text": "not tolls, tariffs,"}, {"start": "00:26:55", "end": "00:26:59", "text": "I don't know. That was kind of a a"}, {"start": "00:26:57", "end": "00:27:02", "text": "waste."}, {"start": "00:26:59", "end": "00:27:04", "text": "We collected it, you know, I forgot how"}, {"start": "00:27:02", "end": "00:27:06", "text": "many billions, like a hundred something"}, {"start": "00:27:04", "end": "00:27:07", "text": "plus billion. But then because of"}, {"start": "00:27:06", "end": "00:27:11", "text": "Supreme Court ruling, we had to give it"}, {"start": "00:27:07", "end": "00:27:14", "text": "back and now we'll go recharge under new"}, {"start": "00:27:11", "end": "00:27:16", "text": "new status or something."}, {"start": "00:27:14", "end": "00:27:18", "text": "But that doesn't"}, {"start": "00:27:16", "end": "00:27:19", "text": "doesn't really help with the two"}, {"start": "00:27:18", "end": "00:27:24", "text": "trillion of deficit that we have"}, {"start": "00:27:19", "end": "00:27:24", "text": "accumulated. It's kind of crazy."}, {"start": "00:27:33", "end": "00:27:38", "text": "Oh yeah, and there's a big speech."}, {"start": "00:27:35", "end": "00:27:40", "text": "There's a big speech on Thursday, too. A"}, {"start": "00:27:38", "end": "00:27:42", "text": "big one coming on Thursday. And we'll"}, {"start": "00:27:40", "end": "00:27:47", "text": "see what uh what Trump has to say about"}, {"start": "00:27:42", "end": "00:27:47", "text": "that, about the war."}, {"start": "00:28:21", "end": "00:28:25", "text": "What [snorts] is the"}, {"start": "00:28:31", "end": "00:28:37", "text": "economic calendar?"}, {"start": "00:28:34", "end": "00:28:39", "text": "Yeah, tomorrow's PPI."}, {"start": "00:28:37", "end": "00:28:41", "text": "Tomorrow's PPI and then Thursday's"}, {"start": "00:28:39", "end": "00:28:45", "text": "retail sales. So they're not as"}, {"start": "00:28:41", "end": "00:28:47", "text": "important as P CPI but"}, {"start": "00:28:45", "end": "00:28:52", "text": "you know they come out better than"}, {"start": "00:28:47", "end": "00:28:54", "text": "expected meaning PPI goes down and uh"}, {"start": "00:28:52", "end": "00:28:56", "text": "retail sales also going down they will"}, {"start": "00:28:54", "end": "00:29:02", "text": "definitely help"}, {"start": "00:28:56", "end": "00:29:02", "text": "the Fed not to raise rates. So"}, {"start": "00:29:20", "end": "00:29:25", "text": "subscription is already live, man."}, {"start": "00:29:23", "end": "00:29:28", "text": "It's already live. If you use it, you'll"}, {"start": "00:29:25", "end": "00:29:28", "text": "see it."}, {"start": "00:29:28", "end": "00:29:32", "text": "people are hitting the limits, but you"}, {"start": "00:29:30", "end": "00:29:34", "text": "know, I've been honestly too generous"}, {"start": "00:29:32", "end": "00:29:36", "text": "with my limits. That's why not a whole"}, {"start": "00:29:34", "end": "00:29:39", "text": "lot of people. I anticipate more people"}, {"start": "00:29:36", "end": "00:29:42", "text": "to sign up, but I've been I feel bad"}, {"start": "00:29:39", "end": "00:29:45", "text": "just like removing everything. So, most"}, {"start": "00:29:42", "end": "00:29:48", "text": "people are still on the free plan, but"}, {"start": "00:29:45", "end": "00:29:51", "text": "we got the plus plan, pro plan,"}, {"start": "00:29:48", "end": "00:29:53", "text": "annual obviously save you 17%. Clash"}, {"start": "00:29:51", "end": "00:29:58", "text": "holders"}, {"start": "00:29:53", "end": "00:30:01", "text": "save another 15 10 15 20%. if you hold"}, {"start": "00:29:58", "end": "00:30:05", "text": "enough clash."}, {"start": "00:30:01", "end": "00:30:09", "text": "So very very generous like the AI"}, {"start": "00:30:05", "end": "00:30:11", "text": "charts, pro charts,"}, {"start": "00:30:09", "end": "00:30:13", "text": "um the new"}, {"start": "00:30:11", "end": "00:30:16", "text": "predictions"}, {"start": "00:30:13", "end": "00:30:19", "text": "for you know poly market call sheet"}, {"start": "00:30:16", "end": "00:30:22", "text": "portfolio tracking"}, {"start": "00:30:19", "end": "00:30:23", "text": "you know watch list alerts all these"}, {"start": "00:30:22", "end": "00:30:25", "text": "things"}, {"start": "00:30:23", "end": "00:30:27", "text": "that I've offered for free for a very"}, {"start": "00:30:25", "end": "00:30:29", "text": "long time. Most of it is still free"}, {"start": "00:30:27", "end": "00:30:34", "text": "honestly because again my my limits are"}, {"start": "00:30:29", "end": "00:30:38", "text": "very high. I should actually just like"}, {"start": "00:30:34", "end": "00:30:42", "text": "decrease those tremendously."}, {"start": "00:30:38", "end": "00:30:46", "text": "But you know autocharting is like the"}, {"start": "00:30:42", "end": "00:30:50", "text": "most popular. Most people use this. And"}, {"start": "00:30:46", "end": "00:30:53", "text": "why wouldn't they? This is so perfect."}, {"start": "00:30:50", "end": "00:30:57", "text": "Very very clear. Very clear"}, {"start": "00:30:53", "end": "00:30:59", "text": "where we are. the rejected zone, what we"}, {"start": "00:30:57", "end": "00:31:02", "text": "need to break out of the to trigger to"}, {"start": "00:30:59", "end": "00:31:06", "text": "the downside or to the upside and all"}, {"start": "00:31:02", "end": "00:31:08", "text": "the different"}, {"start": "00:31:06", "end": "00:31:10", "text": "all the different metrics you want to"}, {"start": "00:31:08", "end": "00:31:13", "text": "see or indicators,"}, {"start": "00:31:10", "end": "00:31:15", "text": "Fibonacci, volume profile, where"}, {"start": "00:31:13", "end": "00:31:17", "text": "everything is, volume. This is on a"}, {"start": "00:31:15", "end": "00:31:20", "text": "daily scale. If you go on the the"}, {"start": "00:31:17", "end": "00:31:23", "text": "shorter time scale like this, range"}, {"start": "00:31:20", "end": "00:31:25", "text": "high, range low, I mean, it's it's so"}, {"start": "00:31:23", "end": "00:31:27", "text": "good. You don't need a TA analyst to"}, {"start": "00:31:25", "end": "00:31:30", "text": "tell you anything. This will just tell"}, {"start": "00:31:27", "end": "00:31:30", "text": "you everything."}, {"start": "00:31:49", "end": "00:31:53", "text": "Am I going to buy any Robin Hood chain"}, {"start": "00:31:51", "end": "00:31:56", "text": "coins? Do they even have a coin? I"}, {"start": "00:31:53", "end": "00:31:58", "text": "thought it's just a chain with no coin."}, {"start": "00:31:56", "end": "00:32:00", "text": "Um,"}, {"start": "00:31:58", "end": "00:32:02", "text": "if they do come out of the coin, I I"}, {"start": "00:32:00", "end": "00:32:03", "text": "would hold that because I think that"}, {"start": "00:32:02", "end": "00:32:06", "text": "would do very well, but I don't think"}, {"start": "00:32:03", "end": "00:32:08", "text": "they have a coin. I could be wrong on"}, {"start": "00:32:06", "end": "00:32:11", "text": "it. But I haven't heard anyone talk"}, {"start": "00:32:08", "end": "00:32:11", "text": "about"}, {"start": "00:32:12", "end": "00:32:15", "text": "I haven't heard I don't think they have"}, {"start": "00:32:13", "end": "00:32:19", "text": "a coin, but if they do, I would. I think"}, {"start": "00:32:15", "end": "00:32:19", "text": "it'll be huge."}, {"start": "00:32:27", "end": "00:32:30", "text": "[snorts]"}, {"start": "00:32:46", "end": "00:32:51", "text": "Got some people talking on X."}, {"start": "00:32:57", "end": "00:33:02", "text": "I don't know how many people watch NX,"}, {"start": "00:32:59", "end": "00:33:03", "text": "but X is making a big push on going uh"}, {"start": "00:33:02", "end": "00:33:05", "text": "going with videos. So, a lot of people"}, {"start": "00:33:03", "end": "00:33:06", "text": "are posting video charts and stuff,"}, {"start": "00:33:05", "end": "00:33:10", "text": "which are actually kind of annoying"}, {"start": "00:33:06", "end": "00:33:12", "text": "because you can't zoom in on it. Um,"}, {"start": "00:33:10", "end": "00:33:15", "text": "but you know, I'm trying it out just to"}, {"start": "00:33:12", "end": "00:33:15", "text": "see,"}, {"start": "00:33:31", "end": "00:33:40", "text": "man. Look at ETH."}, {"start": "00:33:33", "end": "00:33:40", "text": "high of 2419. That was back in May."}, {"start": "00:33:42", "end": "00:33:46", "text": "[snorts] If we just have a little bit"}, {"start": "00:33:44", "end": "00:33:48", "text": "breakout,"}, {"start": "00:33:46", "end": "00:33:52", "text": "just a little bit,"}, {"start": "00:33:48", "end": "00:33:55", "text": "a little more cap rotation back in some"}, {"start": "00:33:52", "end": "00:33:59", "text": "more good news. We could get back to"}, {"start": "00:33:55", "end": "00:34:01", "text": "those April May levels pretty easily."}, {"start": "00:33:59", "end": "00:34:03", "text": "I mean, especially alts since they have"}, {"start": "00:34:01", "end": "00:34:05", "text": "been"}, {"start": "00:34:03", "end": "00:34:08", "text": "So"}, {"start": "00:34:05", "end": "00:34:11", "text": "oversold in the last, you know, two,"}, {"start": "00:34:08", "end": "00:34:11", "text": "three months."}, {"start": "00:34:29", "end": "00:34:34", "text": "DC blur. Of course. Of course, it like"}, {"start": "00:34:32", "end": "00:34:35", "text": "updates like every five minutes or"}, {"start": "00:34:34", "end": "00:34:37", "text": "something like that if you're talking"}, {"start": "00:34:35", "end": "00:34:39", "text": "about the auto charts. I forgot what I"}, {"start": "00:34:37", "end": "00:34:41", "text": "set it at, but everything is live"}, {"start": "00:34:39", "end": "00:34:42", "text": "updating. Otherwise, every chart,"}, {"start": "00:34:41", "end": "00:34:46", "text": "everything that it generates would be"}, {"start": "00:34:42", "end": "00:34:49", "text": "too stale. So, of course, every every"}, {"start": "00:34:46", "end": "00:34:52", "text": "piece of data, even in the tools, gets"}, {"start": "00:34:49", "end": "00:34:54", "text": "updated at appropriate time, either like"}, {"start": "00:34:52", "end": "00:34:56", "text": "30 minutes or an hour or something like"}, {"start": "00:34:54", "end": "00:35:01", "text": "that. And of course, all the new stuff"}, {"start": "00:34:56", "end": "00:35:04", "text": "comes in whenever we fetch it, right?"}, {"start": "00:35:01", "end": "00:35:04", "text": "So"}, {"start": "00:35:22", "end": "00:35:30", "text": "looks like stochastic wants to turn"}, {"start": "00:35:26", "end": "00:35:33", "text": "above or that MACD. That's MACD."}, {"start": "00:35:30", "end": "00:35:33", "text": "That'll be good."}, {"start": "00:35:37", "end": "00:35:40", "text": "Yep. Yep. Yep. [sighs]"}, {"start": "00:35:43", "end": "00:35:46", "text": "Man,"}, {"start": "00:35:46", "end": "00:35:51", "text": "every day now I've got I'm finally got"}, {"start": "00:35:48", "end": "00:35:53", "text": "to a point with ass Clash where like"}, {"start": "00:35:51", "end": "00:35:56", "text": "everything I wanted to harden and make"}, {"start": "00:35:53", "end": "00:36:00", "text": "better I have done. So now I finally"}, {"start": "00:35:56", "end": "00:36:02", "text": "have free time to do more like add more"}, {"start": "00:36:00", "end": "00:36:04", "text": "features or implement new things that I"}, {"start": "00:36:02", "end": "00:36:08", "text": "haven't had time before. I spent a long"}, {"start": "00:36:04", "end": "00:36:10", "text": "time to make the search into like the"}, {"start": "00:36:08", "end": "00:36:12", "text": "best there is and pretty much it is."}, {"start": "00:36:10", "end": "00:36:14", "text": "It's just a little bit slower because it"}, {"start": "00:36:12", "end": "00:36:16", "text": "takes time to look at everything. But"}, {"start": "00:36:14", "end": "00:36:19", "text": "with this new wisdom database that I"}, {"start": "00:36:16", "end": "00:36:21", "text": "will perfect, it's going to make almost"}, {"start": "00:36:19", "end": "00:36:24", "text": "anything come out within a second or"}, {"start": "00:36:21", "end": "00:36:27", "text": "two. It it's going to be like amazing."}, {"start": "00:36:24", "end": "00:36:30", "text": "and still be very accurate and and give"}, {"start": "00:36:27", "end": "00:36:32", "text": "you the best answers. So, it's it's nice"}, {"start": "00:36:30", "end": "00:36:34", "text": "that finally I have some time to"}, {"start": "00:36:32", "end": "00:36:36", "text": "actually work on other things. But all"}, {"start": "00:36:34", "end": "00:36:41", "text": "the tools have been hardened. All the"}, {"start": "00:36:36", "end": "00:36:44", "text": "charts work really well. Um portfolio"}, {"start": "00:36:41", "end": "00:36:46", "text": "looks better, predictions look better. I"}, {"start": "00:36:44", "end": "00:36:48", "text": "don't know how many guys do actually go"}, {"start": "00:36:46", "end": "00:36:52", "text": "on prediction sites, but the new"}, {"start": "00:36:48", "end": "00:36:54", "text": "predictions page has Khei and Poly"}, {"start": "00:36:52", "end": "00:36:57", "text": "Market integrated. So for those of you"}, {"start": "00:36:54", "end": "00:36:58", "text": "guys that do make predictions, I know a"}, {"start": "00:36:57", "end": "00:37:00", "text": "lot of you guys are Clash fans, you're"}, {"start": "00:36:58", "end": "00:37:03", "text": "using Clash Picture, which is great and"}, {"start": "00:37:00", "end": "00:37:06", "text": "continue to use it, but if you are using"}, {"start": "00:37:03", "end": "00:37:09", "text": "Ki or Poly Market, you can look and sort"}, {"start": "00:37:06", "end": "00:37:12", "text": "at basically anything that they have and"}, {"start": "00:37:09", "end": "00:37:16", "text": "get a nice prediction on"}, {"start": "00:37:12", "end": "00:37:19", "text": "anything really. Um, and that's all"}, {"start": "00:37:16", "end": "00:37:24", "text": "integrated. So I basically made this"}, {"start": "00:37:19", "end": "00:37:24", "text": "infinitely more valuable."}, {"start": "00:37:25", "end": "00:37:30", "text": "So this is also very good too. Reports"}, {"start": "00:37:28", "end": "00:37:32", "text": "under research"}, {"start": "00:37:30", "end": "00:37:35", "text": "now is so much better for those of you"}, {"start": "00:37:32", "end": "00:37:38", "text": "guys that like to get reports but in a"}, {"start": "00:37:35", "end": "00:37:41", "text": "visual format,"}, {"start": "00:37:38", "end": "00:37:42", "text": "okay, about anything in crypto or stocks"}, {"start": "00:37:41", "end": "00:37:46", "text": "or"}, {"start": "00:37:42", "end": "00:37:48", "text": "categories or your portfolio. It's all"}, {"start": "00:37:46", "end": "00:37:51", "text": "built within"}, {"start": "00:37:48", "end": "00:37:55", "text": "and you can schedule it to happen every"}, {"start": "00:37:51", "end": "00:37:58", "text": "single day or once a week and get really"}, {"start": "00:37:55", "end": "00:38:03", "text": "nice reports about anything Microsoft or"}, {"start": "00:37:58", "end": "00:38:05", "text": "Clash or Nvidia, you know, BDC, ETH,"}, {"start": "00:38:03", "end": "00:38:07", "text": "Soul. I mean,"}, {"start": "00:38:05", "end": "00:38:11", "text": "I just don't think people care enough"}, {"start": "00:38:07", "end": "00:38:13", "text": "right now because the market is low. But"}, {"start": "00:38:11", "end": "00:38:17", "text": "when the market comes back and people"}, {"start": "00:38:13", "end": "00:38:20", "text": "are really into crypto again or just"}, {"start": "00:38:17", "end": "00:38:21", "text": "investing overall,"}, {"start": "00:38:20", "end": "00:38:23", "text": "people will find these features"}, {"start": "00:38:21", "end": "00:38:26", "text": "extremely valuable. Right now it's just"}, {"start": "00:38:23", "end": "00:38:27", "text": "people are using mostly like you know"}, {"start": "00:38:26", "end": "00:38:30", "text": "tools here and there like Bitcoin"}, {"start": "00:38:27", "end": "00:38:33", "text": "returns or ETF flows which I think we"}, {"start": "00:38:30", "end": "00:38:36", "text": "presented the best way"}, {"start": "00:38:33", "end": "00:38:37", "text": "but like I can't think of anything else"}, {"start": "00:38:36", "end": "00:38:43", "text": "really in terms of like tools and and"}, {"start": "00:38:37", "end": "00:38:46", "text": "and TA stuff that I can add. Um"}, {"start": "00:38:43", "end": "00:38:49", "text": "I forgot I I should open up this too."}, {"start": "00:38:46", "end": "00:38:52", "text": "The swap is also open."}, {"start": "00:38:49", "end": "00:38:53", "text": "So you could swap for soul any soulbased"}, {"start": "00:38:52", "end": "00:38:56", "text": "token"}, {"start": "00:38:53", "end": "00:39:01", "text": "and there's limit trades. There's take"}, {"start": "00:38:56", "end": "00:39:04", "text": "profit stoploss and DCA too. And this is"}, {"start": "00:39:01", "end": "00:39:06", "text": "all on a swap with no fees. This is from"}, {"start": "00:39:04", "end": "00:39:08", "text": "Jupiter. So whatever they charge but"}, {"start": "00:39:06", "end": "00:39:13", "text": "outside of that we don't charge any fees"}, {"start": "00:39:08", "end": "00:39:13", "text": "too. So I I'll open this up today."}, {"start": "00:39:14", "end": "00:39:20", "text": "I don't know where I will put it but"}, {"start": "00:39:15", "end": "00:39:20", "text": "I'll I'll put the swap somewhere too."}, {"start": "00:39:51", "end": "00:39:59", "text": "and we need a little more a little more"}, {"start": "00:39:54", "end": "00:40:00", "text": "push. Got a big jump. We need more."}, {"start": "00:39:59", "end": "00:40:02", "text": "We need to get a break. We need a break"}, {"start": "00:40:00", "end": "00:40:04", "text": "above that 65. That That's been"}, {"start": "00:40:02", "end": "00:40:06", "text": "annoying. We've been in suppressed under"}, {"start": "00:40:04", "end": "00:40:09", "text": "there for quite some time. We need a"}, {"start": "00:40:06", "end": "00:40:13", "text": "break above that. get back into the 70s"}, {"start": "00:40:09", "end": "00:40:13", "text": "and then the 80s."}, {"start": "00:40:14", "end": "00:40:17", "text": "But you know what? I truly believe this"}, {"start": "00:40:16", "end": "00:40:19", "text": "is part of the bottoming process. This"}, {"start": "00:40:17", "end": "00:40:22", "text": "is what happens."}, {"start": "00:40:19", "end": "00:40:23", "text": "Bottoming process is like you stay at a"}, {"start": "00:40:22", "end": "00:40:25", "text": "certain level and it seems like you"}, {"start": "00:40:23", "end": "00:40:28", "text": "never break out and you just kind of"}, {"start": "00:40:25", "end": "00:40:30", "text": "hover there for a while. 2022, 2020,"}, {"start": "00:40:28", "end": "00:40:33", "text": "same thing. We just like hover below"}, {"start": "00:40:30", "end": "00:40:36", "text": "20,000. We jumped between 15 and 20,000"}, {"start": "00:40:33", "end": "00:40:37", "text": "for months and months months and months."}, {"start": "00:40:36", "end": "00:40:39", "text": "We just kept bouncing, bouncing,"}, {"start": "00:40:37", "end": "00:40:41", "text": "bouncing. And then finally, we broke out"}, {"start": "00:40:39", "end": "00:40:44", "text": "and that's when we started recovering in"}, {"start": "00:40:41", "end": "00:40:48", "text": "a big way. Just feels the same way. But"}, {"start": "00:40:44", "end": "00:40:50", "text": "now we're in the 60s, not not below 20s,"}, {"start": "00:40:48", "end": "00:40:51", "text": "right? It's going to be the same thing"}, {"start": "00:40:50", "end": "00:40:54", "text": "where we just kind of bounce around here"}, {"start": "00:40:51", "end": "00:40:56", "text": "for a little bit"}, {"start": "00:40:54", "end": "00:40:58", "text": "and when the conditions improve, we"}, {"start": "00:40:56", "end": "00:41:02", "text": "break out,"}, {"start": "00:40:58", "end": "00:41:03", "text": "head back to six figures and beyond."}, {"start": "00:41:02", "end": "00:41:06", "text": "Why [clears throat] are so many people"}, {"start": "00:41:03", "end": "00:41:09", "text": "saying good morning now? It's like"}, {"start": "00:41:06", "end": "00:41:12", "text": "it's been like 45 minutes already."}, {"start": "00:41:09", "end": "00:41:16", "text": "Anyways,"}, {"start": "00:41:12", "end": "00:41:19", "text": "good day overall. I'm going go back to"}, {"start": "00:41:16", "end": "00:41:21", "text": "perfecting ass clash more. You guys all"}, {"start": "00:41:19", "end": "00:41:24", "text": "should jump on and use it if you haven't"}, {"start": "00:41:21", "end": "00:41:28", "text": "yet. Um, but overall today we got a"}, {"start": "00:41:24", "end": "00:41:31", "text": "surprise, very big surprise. inflation"}, {"start": "00:41:28", "end": "00:41:35", "text": "numbers went down in a big way headline"}, {"start": "00:41:31", "end": "00:41:37", "text": "and core and uh this helps us in a big"}, {"start": "00:41:35", "end": "00:41:41", "text": "way because"}, {"start": "00:41:37", "end": "00:41:44", "text": "hopefully prevents us from having a hike"}, {"start": "00:41:41", "end": "00:41:47", "text": "this year. Okay, we don't want a hike"}, {"start": "00:41:44", "end": "00:41:49", "text": "but numbers like this definitely helps."}, {"start": "00:41:47", "end": "00:41:51", "text": "So,"}, {"start": "00:41:49", "end": "00:41:53", "text": "uh that's why we went up and overall"}, {"start": "00:41:51", "end": "00:41:56", "text": "today the US market is up because of the"}, {"start": "00:41:53", "end": "00:41:58", "text": "news as well. So, stay strong my"}, {"start": "00:41:56", "end": "00:42:01", "text": "friends. Smash it a like. Subscribe to"}, {"start": "00:41:58", "end": "00:42:01", "text": "the channel. Have a good one."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Welcome back. So, unfortunately today"}, {"start": "00:00:03", "end": "00:00:08", "text": "we're getting more bad news. Bitcoin"}, {"start": "00:00:06", "end": "00:00:10", "text": "actually held pretty well. In fact, it's"}, {"start": "00:00:08", "end": "00:00:12", "text": "a little bit higher than this morning,"}, {"start": "00:00:10", "end": "00:00:14", "text": "but we're still down versus the weekend."}, {"start": "00:00:12", "end": "00:00:17", "text": "But overall, Bitcoin is just going"}, {"start": "00:00:14", "end": "00:00:21", "text": "sideways, which is fine. But we have"}, {"start": "00:00:17", "end": "00:00:23", "text": "some bad news. In fact, maybe some"}, {"start": "00:00:21", "end": "00:00:26", "text": "terrible news. And I'm actually quite"}, {"start": "00:00:23", "end": "00:00:28", "text": "surprised that we are holding as well as"}, {"start": "00:00:26", "end": "00:00:32", "text": "we are. So, let me show you what I'm"}, {"start": "00:00:28", "end": "00:00:35", "text": "what I'm talking about. So, right now,"}, {"start": "00:00:32", "end": "00:00:37", "text": "Bitcoin is sitting at 623."}, {"start": "00:00:35", "end": "00:00:40", "text": "Okay, so yes, we're a little bit lower"}, {"start": "00:00:37", "end": "00:00:43", "text": "than the weekend, but overall, we"}, {"start": "00:00:40", "end": "00:00:45", "text": "started out the day actually lower and"}, {"start": "00:00:43", "end": "00:00:48", "text": "then we actually climbed up a little"}, {"start": "00:00:45", "end": "00:00:51", "text": "bit. Okay, and this is surprising"}, {"start": "00:00:48", "end": "00:00:54", "text": "because, you know, stocks sold off"}, {"start": "00:00:51", "end": "00:00:57", "text": "sharply today. Asia sold off yesterday."}, {"start": "00:00:54", "end": "00:01:00", "text": "This morning for us, stocks sold off"}, {"start": "00:00:57", "end": "00:01:03", "text": "quite tremendously. People are wondering"}, {"start": "00:01:00", "end": "00:01:06", "text": "about Sailor. Sailor pushed his cash"}, {"start": "00:01:03", "end": "00:01:10", "text": "reserve upwards."}, {"start": "00:01:06", "end": "00:01:13", "text": "Okay. Um, and people are wondering about"}, {"start": "00:01:10", "end": "00:01:15", "text": "the Clarity Act. Okay. What"}, {"start": "00:01:13", "end": "00:01:18", "text": "are we gonna get some kind of"}, {"start": "00:01:15", "end": "00:01:21", "text": "resolution? Trump is pushing for it,"}, {"start": "00:01:18", "end": "00:01:24", "text": "right? But there are a lot of things"}, {"start": "00:01:21", "end": "00:01:26", "text": "going on right now that are more"}, {"start": "00:01:24", "end": "00:01:29", "text": "pressing."}, {"start": "00:01:26", "end": "00:01:30", "text": "For example,"}, {"start": "00:01:29", "end": "00:01:32", "text": "this"}, {"start": "00:01:30", "end": "00:01:35", "text": "this is one of the bad news I was"}, {"start": "00:01:32", "end": "00:01:37", "text": "referring to. Trump has formally"}, {"start": "00:01:35", "end": "00:01:39", "text": "notified Congress that the US is at war"}, {"start": "00:01:37", "end": "00:01:42", "text": "with Iran."}, {"start": "00:01:39", "end": "00:01:44", "text": "Right? So, I don't know how this is"}, {"start": "00:01:42", "end": "00:01:47", "text": "different than before because I thought"}, {"start": "00:01:44", "end": "00:01:50", "text": "his war powers limited to 60 days. Now"}, {"start": "00:01:47", "end": "00:01:52", "text": "he's officially telling Congress. So"}, {"start": "00:01:50", "end": "00:01:54", "text": "before I guess he didn't tell Congress."}, {"start": "00:01:52", "end": "00:01:59", "text": "So I don't know how that works."}, {"start": "00:01:54", "end": "00:02:00", "text": "Okay. So he has 60 days to use the"}, {"start": "00:01:59", "end": "00:02:03", "text": "military."}, {"start": "00:02:00", "end": "00:02:07", "text": "Says that"}, {"start": "00:02:03", "end": "00:02:09", "text": "strikes that began on July 7th"}, {"start": "00:02:07", "end": "00:02:11", "text": "represented uh military action"}, {"start": "00:02:09", "end": "00:02:14", "text": "consistent with my responsibility to"}, {"start": "00:02:11", "end": "00:02:19", "text": "protect American and US interests. Okay."}, {"start": "00:02:14", "end": "00:02:23", "text": "and said he would hit Iran hard tonight."}, {"start": "00:02:19", "end": "00:02:26", "text": "I don't know what that means, but yeah,"}, {"start": "00:02:23", "end": "00:02:28", "text": "he's going to strike. So, all this talk"}, {"start": "00:02:26", "end": "00:02:31", "text": "about back and forth trying to"}, {"start": "00:02:28", "end": "00:02:34", "text": "negotiate, trying to get the ceasefire"}, {"start": "00:02:31", "end": "00:02:37", "text": "going doesn't seem like it's working and"}, {"start": "00:02:34", "end": "00:02:40", "text": "there will be something. Okay. He also"}, {"start": "00:02:37", "end": "00:02:42", "text": "proposed a 20% toll on cargo ships"}, {"start": "00:02:40", "end": "00:02:45", "text": "through the Hormuz. This was something"}, {"start": "00:02:42", "end": "00:02:49", "text": "that we were doing to help and now we"}, {"start": "00:02:45", "end": "00:02:52", "text": "want to charge tolls for it."}, {"start": "00:02:49", "end": "00:02:56", "text": "Interesting. This is what Iran was doing"}, {"start": "00:02:52", "end": "00:02:59", "text": "and we said no and now we are proposing"}, {"start": "00:02:56", "end": "00:03:01", "text": "to do the same thing and we're"}, {"start": "00:02:59", "end": "00:03:04", "text": "restarting the blockade and because of"}, {"start": "00:03:01", "end": "00:03:07", "text": "this oil jumps up 9% the biggest daily"}, {"start": "00:03:04", "end": "00:03:10", "text": "gain since 2020 after the blockade"}, {"start": "00:03:07", "end": "00:03:13", "text": "happened. Right? So, none of this is"}, {"start": "00:03:10", "end": "00:03:16", "text": "good news. Obviously, all this is pretty"}, {"start": "00:03:13", "end": "00:03:19", "text": "bad, which is why I said"}, {"start": "00:03:16", "end": "00:03:23", "text": "uh Bitcoin not reacting much to this is"}, {"start": "00:03:19", "end": "00:03:25", "text": "actually pretty darn good, right? But"}, {"start": "00:03:23", "end": "00:03:27", "text": "overall, I don't think markets"}, {"start": "00:03:25", "end": "00:03:29", "text": "appreciate this. People want to see this"}, {"start": "00:03:27", "end": "00:03:32", "text": "over. Now, it's escalating again. Now,"}, {"start": "00:03:29", "end": "00:03:34", "text": "there's a blockade. Now, oil is going up"}, {"start": "00:03:32", "end": "00:03:36", "text": "and this affects"}, {"start": "00:03:34", "end": "00:03:39", "text": "inflation."}, {"start": "00:03:36", "end": "00:03:42", "text": "So, Trump is going to deliver a speech"}, {"start": "00:03:39", "end": "00:03:45", "text": "on Thursday. Okay."}, {"start": "00:03:42", "end": "00:03:48", "text": "Probably announcing the official war"}, {"start": "00:03:45", "end": "00:03:50", "text": "with Iran. I'm guessing that's what it"}, {"start": "00:03:48", "end": "00:03:52", "text": "is. Unless"}, {"start": "00:03:50", "end": "00:03:55", "text": "both sides ne negotiate something and he"}, {"start": "00:03:52", "end": "00:03:58", "text": "declares that, you know, it's officially"}, {"start": "00:03:55", "end": "00:04:02", "text": "over. Otherwise, I think most people"}, {"start": "00:03:58", "end": "00:04:05", "text": "think that this will be announcing war"}, {"start": "00:04:02", "end": "00:04:07", "text": "with Iran, which, you know, of course,"}, {"start": "00:04:05", "end": "00:04:11", "text": "we've already started, but I'm not sure"}, {"start": "00:04:07", "end": "00:04:14", "text": "how much more it's going to uh escalate"}, {"start": "00:04:11", "end": "00:04:17", "text": "to, I guess. So, this is what we have to"}, {"start": "00:04:14", "end": "00:04:18", "text": "look forward to. And also, tomorrow we"}, {"start": "00:04:17", "end": "00:04:21", "text": "have this to look forward to. We have a"}, {"start": "00:04:18", "end": "00:04:24", "text": "CPI report, okay, to measure inflation."}, {"start": "00:04:21", "end": "00:04:27", "text": "And obviously with the oil elevated"}, {"start": "00:04:24", "end": "00:04:29", "text": "prices are go up and CPI inflation"}, {"start": "00:04:27", "end": "00:04:32", "text": "reading has been going up. On Wednesday"}, {"start": "00:04:29", "end": "00:04:35", "text": "we have another one too. But tomorrow we"}, {"start": "00:04:32", "end": "00:04:38", "text": "will get CPI report and if inflation"}, {"start": "00:04:35", "end": "00:04:41", "text": "goes up too much. One of our Fed Fed"}, {"start": "00:04:38", "end": "00:04:44", "text": "Waller warns that it could actually push"}, {"start": "00:04:41", "end": "00:04:47", "text": "us to tighten monetary policy. So we've"}, {"start": "00:04:44", "end": "00:04:49", "text": "been waiting for rate cuts. This"}, {"start": "00:04:47", "end": "00:04:53", "text": "actually might push us toward rate"}, {"start": "00:04:49", "end": "00:04:56", "text": "hikes. Yeah. That's right. Hikes, not"}, {"start": "00:04:53", "end": "00:04:59", "text": "cuts. We were supposed to get cuts. Now"}, {"start": "00:04:56", "end": "00:05:02", "text": "we may get hikes because of elevated"}, {"start": "00:04:59", "end": "00:05:06", "text": "elevated prices, because of inflation."}, {"start": "00:05:02", "end": "00:05:09", "text": "And the war is not good for it. And you"}, {"start": "00:05:06", "end": "00:05:12", "text": "know, the new Fed Sher Walsh, we've been"}, {"start": "00:05:09", "end": "00:05:14", "text": "hoping that he's going to be more"}, {"start": "00:05:12", "end": "00:05:16", "text": "dovish,"}, {"start": "00:05:14", "end": "00:05:19", "text": "more pro cutting, but his hands are"}, {"start": "00:05:16", "end": "00:05:21", "text": "really tied if inflation continues to go"}, {"start": "00:05:19", "end": "00:05:25", "text": "higher."}, {"start": "00:05:21", "end": "00:05:27", "text": "Right. So there's FOMC later this month"}, {"start": "00:05:25", "end": "00:05:29", "text": "and I guess he's talking in front of"}, {"start": "00:05:27", "end": "00:05:31", "text": "Congress. He's going to be asked a lot"}, {"start": "00:05:29", "end": "00:05:33", "text": "of questions about inflation, whether or"}, {"start": "00:05:31", "end": "00:05:34", "text": "not we're going to get cut and probably"}, {"start": "00:05:33", "end": "00:05:37", "text": "he's going to ask whether we are going"}, {"start": "00:05:34", "end": "00:05:40", "text": "to hike and that's not good for the"}, {"start": "00:05:37", "end": "00:05:43", "text": "economy. That's not good at all for"}, {"start": "00:05:40", "end": "00:05:46", "text": "markets. So this is why I'm saying we're"}, {"start": "00:05:43", "end": "00:05:49", "text": "facing a lot of bad news and this is not"}, {"start": "00:05:46", "end": "00:05:52", "text": "it. There's something else and it may be"}, {"start": "00:05:49", "end": "00:05:53", "text": "a coincidence, it may be"}, {"start": "00:05:52", "end": "00:05:57", "text": "misinterpretation,"}, {"start": "00:05:53", "end": "00:06:00", "text": "but this also came out that the US"}, {"start": "00:05:57", "end": "00:06:04", "text": "government transferred about 183 million"}, {"start": "00:06:00", "end": "00:06:07", "text": "of their Bitcoin to Coinbase Prime."}, {"start": "00:06:04", "end": "00:06:10", "text": "Now, you could argue this could be"}, {"start": "00:06:07", "end": "00:06:12", "text": "because they're trying to custody it"}, {"start": "00:06:10", "end": "00:06:15", "text": "with Coinbase,"}, {"start": "00:06:12", "end": "00:06:17", "text": "or you could say that they're getting"}, {"start": "00:06:15", "end": "00:06:19", "text": "ready to sell. But I thought Trump said"}, {"start": "00:06:17", "end": "00:06:22", "text": "that all the confiscated Bitcoin will"}, {"start": "00:06:19", "end": "00:06:26", "text": "never be sold. So I'm not sure what this"}, {"start": "00:06:22", "end": "00:06:28", "text": "is. But I will say before Sailor sold,"}, {"start": "00:06:26", "end": "00:06:30", "text": "people also saw that. People also saw he"}, {"start": "00:06:28", "end": "00:06:32", "text": "transferred Bitcoin to Coinbase Prime."}, {"start": "00:06:30", "end": "00:06:35", "text": "People didn't want to believe it and it"}, {"start": "00:06:32", "end": "00:06:38", "text": "did lead to selling. So"}, {"start": "00:06:35", "end": "00:06:40", "text": "not really sure what to interpret. And"}, {"start": "00:06:38", "end": "00:06:42", "text": "people are wondering what happens if the"}, {"start": "00:06:40", "end": "00:06:46", "text": "US government starts selling maybe to"}, {"start": "00:06:42", "end": "00:06:48", "text": "fund the war, right? I don't know. It's"}, {"start": "00:06:46", "end": "00:06:51", "text": "not a good look because Trump is still"}, {"start": "00:06:48", "end": "00:06:54", "text": "pushing for the clarity bill. He wants"}, {"start": "00:06:51", "end": "00:06:55", "text": "it to pass this week. Obviously has a"}, {"start": "00:06:54", "end": "00:06:57", "text": "lot of self-interest, family interest in"}, {"start": "00:06:55", "end": "00:07:00", "text": "Bitcoin."}, {"start": "00:06:57", "end": "00:07:02", "text": "Um"}, {"start": "00:07:00", "end": "00:07:04", "text": "so and he said the Bitcoin Reserve, you"}, {"start": "00:07:02", "end": "00:07:07", "text": "know, the Treasury Department and others"}, {"start": "00:07:04", "end": "00:07:10", "text": "are looking to add Bitcoin. So to sell"}, {"start": "00:07:07", "end": "00:07:12", "text": "this much right now does not make a"}, {"start": "00:07:10", "end": "00:07:14", "text": "whole lot of sense."}, {"start": "00:07:12", "end": "00:07:17", "text": "And right now, Bitcoin and Ethereum"}, {"start": "00:07:14", "end": "00:07:20", "text": "tweet volume falls to 12 month low. I"}, {"start": "00:07:17", "end": "00:07:22", "text": "could tell, right? Like even on cryptos,"}, {"start": "00:07:20", "end": "00:07:25", "text": "our tweet volume has gone down quite a"}, {"start": "00:07:22", "end": "00:07:27", "text": "lot. So many other accounts and you may"}, {"start": "00:07:25", "end": "00:07:29", "text": "be following, same thing. That's why a"}, {"start": "00:07:27", "end": "00:07:32", "text": "lot of people have pivoted completely to"}, {"start": "00:07:29", "end": "00:07:34", "text": "AI. They're not even trying to relate it"}, {"start": "00:07:32", "end": "00:07:35", "text": "back to crypto. We're trying to do"}, {"start": "00:07:34", "end": "00:07:38", "text": "something different. Obviously, I'm"}, {"start": "00:07:35", "end": "00:07:39", "text": "doing a lot with AI with Askclash and we"}, {"start": "00:07:38", "end": "00:07:42", "text": "have a separate account for it. But with"}, {"start": "00:07:39", "end": "00:07:48", "text": "cryptos, we're still trying to relate AI"}, {"start": "00:07:42", "end": "00:07:50", "text": "to macro to crypto to something to deal"}, {"start": "00:07:48", "end": "00:07:54", "text": "with economy. But there are others"}, {"start": "00:07:50", "end": "00:07:57", "text": "that's just completely pivoted and"}, {"start": "00:07:54", "end": "00:07:59", "text": "that's not what I'm hoping to do. But"}, {"start": "00:07:57", "end": "00:08:03", "text": "yeah, there's a lot of bad stuff going"}, {"start": "00:07:59", "end": "00:08:04", "text": "on right now. Okay. A lot of bad stuff."}, {"start": "00:08:03", "end": "00:08:06", "text": "But"}, {"start": "00:08:04", "end": "00:08:08", "text": "we will get through it. We'll get"}, {"start": "00:08:06", "end": "00:08:10", "text": "through it together."}, {"start": "00:08:08", "end": "00:08:13", "text": "And quite honestly, I'm surprised that"}, {"start": "00:08:10", "end": "00:08:15", "text": "Bitcoin is holding so well, okay?"}, {"start": "00:08:13", "end": "00:08:19", "text": "Despite the selloff, despite all the bad"}, {"start": "00:08:15", "end": "00:08:22", "text": "news. So hang in there, guys. We'll see"}, {"start": "00:08:19", "end": "00:08:26", "text": "what happens."}, {"start": "00:08:22", "end": "00:08:28", "text": "In the meantime, go check out Ask Clash"}, {"start": "00:08:26", "end": "00:08:31", "text": "and utilize the features. Learn more"}, {"start": "00:08:28", "end": "00:08:35", "text": "about the situation. What's going on?"}, {"start": "00:08:31", "end": "00:08:38", "text": "What happens if CPI misses? Is it going"}, {"start": "00:08:35", "end": "00:08:40", "text": "to spark a bigger sell-off? I mean,"}, {"start": "00:08:38", "end": "00:08:43", "text": "there are a lot of pre-made questions if"}, {"start": "00:08:40", "end": "00:08:46", "text": "you can't think of something, but also"}, {"start": "00:08:43", "end": "00:08:49", "text": "you can ask yourself or you could simply"}, {"start": "00:08:46", "end": "00:08:51", "text": "discover new things and check out the"}, {"start": "00:08:49", "end": "00:08:54", "text": "tools that we have to help you decide."}, {"start": "00:08:51", "end": "00:08:57", "text": "All right, have a good one, guys. Take"}, {"start": "00:08:54", "end": "00:08:57", "text": "care. Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:07", "text": "Welcome back to Cryptos Are Us. I am"}, {"start": "00:00:06", "end": "00:00:10", "text": "George."}, {"start": "00:00:07", "end": "00:00:13", "text": "We're all George. Welcome to another"}, {"start": "00:00:10", "end": "00:00:16", "text": "market open stream. Welcome to another"}, {"start": "00:00:13", "end": "00:00:18", "text": "week, new week. In fact, unfortunately,"}, {"start": "00:00:16", "end": "00:00:20", "text": "we are starting out lower."}, {"start": "00:00:18", "end": "00:00:24", "text": "Unfortunately, after Asian markets"}, {"start": "00:00:20", "end": "00:00:29", "text": "closed, it pulled Bitcoin crypto down"}, {"start": "00:00:24", "end": "00:00:32", "text": "with it. But we have a new week to look"}, {"start": "00:00:29", "end": "00:00:35", "text": "forward to, new data to look forward to,"}, {"start": "00:00:32", "end": "00:00:38", "text": "and a lot more stuff to look forward to,"}, {"start": "00:00:35", "end": "00:00:41", "text": "and why Bitcoin's next move could shock"}, {"start": "00:00:38", "end": "00:00:45", "text": "everyone. All right, let's do it, guys."}, {"start": "00:00:41", "end": "00:00:47", "text": "Let's do it. Welcome, welcome, welcome."}, {"start": "00:00:45", "end": "00:00:50", "text": "As you can see, unfortunately, we're"}, {"start": "00:00:47", "end": "00:00:51", "text": "down a little bit from yesterday when I"}, {"start": "00:00:50", "end": "00:00:55", "text": "filmed my Sunday video. We were still"}, {"start": "00:00:51", "end": "00:00:58", "text": "sitting about $1,000 higher than now. We"}, {"start": "00:00:55", "end": "00:01:01", "text": "were a little bit under 64,000. And you"}, {"start": "00:00:58", "end": "00:01:04", "text": "can see our local resistance is right"}, {"start": "00:01:01", "end": "00:01:07", "text": "around there, 645. And every time we"}, {"start": "00:01:04", "end": "00:01:10", "text": "seem to hit it, we just don't break"}, {"start": "00:01:07", "end": "00:01:12", "text": "above. And we've been here,"}, {"start": "00:01:10", "end": "00:01:14", "text": "you know, since"}, {"start": "00:01:12", "end": "00:01:17", "text": "since the start of June, right? We're"}, {"start": "00:01:14", "end": "00:01:19", "text": "just kind of stuck here. Obviously,"}, {"start": "00:01:17", "end": "00:01:22", "text": "we're off from the bottom, but still"}, {"start": "00:01:19", "end": "00:01:27", "text": "just kind of trending sideways. And I"}, {"start": "00:01:22", "end": "00:01:29", "text": "know it's hard to wait. It's hard to see"}, {"start": "00:01:27", "end": "00:01:33", "text": "Bitcoin at these levels and not really"}, {"start": "00:01:29", "end": "00:01:37", "text": "break out. But when it does, we will say"}, {"start": "00:01:33", "end": "00:01:39", "text": "goodbye to these levels forever."}, {"start": "00:01:37", "end": "00:01:41", "text": "But right now, there are a lot of things"}, {"start": "00:01:39", "end": "00:01:44", "text": "going on that are just holding us back."}, {"start": "00:01:41", "end": "00:01:47", "text": "And today is not looking great"}, {"start": "00:01:44", "end": "00:01:49", "text": "overall, right? Having a big tech"}, {"start": "00:01:47", "end": "00:01:51", "text": "selloff right now. I'm hoping that"}, {"start": "00:01:49", "end": "00:01:54", "text": "changes. Dow has reversed to green but"}, {"start": "00:01:51", "end": "00:01:56", "text": "you can see NASDAQ"}, {"start": "00:01:54", "end": "00:02:01", "text": "is definitely red today. A lot to do"}, {"start": "00:01:56", "end": "00:02:03", "text": "with Asia I think. Okay. But before that"}, {"start": "00:02:01", "end": "00:02:06", "text": "this is also weighing on investors"}, {"start": "00:02:03", "end": "00:02:07", "text": "minds."}, {"start": "00:02:06", "end": "00:02:11", "text": "More"}, {"start": "00:02:07", "end": "00:02:12", "text": "more strikes more strikes from both"}, {"start": "00:02:11", "end": "00:02:16", "text": "sides."}, {"start": "00:02:12", "end": "00:02:18", "text": "So what happened to the ceasefire? We"}, {"start": "00:02:16", "end": "00:02:20", "text": "don't know."}, {"start": "00:02:18", "end": "00:02:23", "text": "I think both sides still want a"}, {"start": "00:02:20", "end": "00:02:26", "text": "ceasefire, but something happened where"}, {"start": "00:02:23", "end": "00:02:30", "text": "cargo ships are still being attacked"}, {"start": "00:02:26", "end": "00:02:32", "text": "that led to Trump needing to respond and"}, {"start": "00:02:30", "end": "00:02:34", "text": "start attacking them. And now they're I"}, {"start": "00:02:32", "end": "00:02:36", "text": "don't know what else they're attacking,"}, {"start": "00:02:34", "end": "00:02:40", "text": "but"}, {"start": "00:02:36", "end": "00:02:43", "text": "it seems like there's some turmoil or"}, {"start": "00:02:40", "end": "00:02:46", "text": "chaos once again."}, {"start": "00:02:43", "end": "00:02:47", "text": "And unfortunately, that is raising price"}, {"start": "00:02:46", "end": "00:02:50", "text": "of"}, {"start": "00:02:47", "end": "00:02:52", "text": "oil once again. You know, we were just"}, {"start": "00:02:50", "end": "00:02:55", "text": "sitting very, very low and all of a"}, {"start": "00:02:52", "end": "00:02:57", "text": "sudden we are starting to see that spike"}, {"start": "00:02:55", "end": "00:03:00", "text": "up again and that is not what we want."}, {"start": "00:02:57", "end": "00:03:02", "text": "We want oil to come down so inflation"}, {"start": "00:03:00", "end": "00:03:04", "text": "could come down with it. But right now,"}, {"start": "00:03:02", "end": "00:03:07", "text": "it's just so volatile week over week. we"}, {"start": "00:03:04", "end": "00:03:10", "text": "hear about. Yes, it's, you know, we're"}, {"start": "00:03:07", "end": "00:03:14", "text": "in ceasefire talks and then next week"}, {"start": "00:03:10", "end": "00:03:16", "text": "we're like, no, we had enough with them"}, {"start": "00:03:14", "end": "00:03:19", "text": "and then next week, yeah, we're talking"}, {"start": "00:03:16", "end": "00:03:22", "text": "and next week more missiles are flying."}, {"start": "00:03:19", "end": "00:03:25", "text": "It's just it's unfortunate. It's"}, {"start": "00:03:22", "end": "00:03:27", "text": "unfortunate what's going on here and no"}, {"start": "00:03:25", "end": "00:03:30", "text": "one really knows when the true end will"}, {"start": "00:03:27", "end": "00:03:31", "text": "be, but that is definitely weighing on"}, {"start": "00:03:30", "end": "00:03:33", "text": "investors"}, {"start": "00:03:31", "end": "00:03:38", "text": "uh especially crypto investors right"}, {"start": "00:03:33", "end": "00:03:43", "text": "now. Also, Japan had a very bad day. Not"}, {"start": "00:03:38", "end": "00:03:47", "text": "Japan, Asia, South Korea, India,"}, {"start": "00:03:43", "end": "00:03:50", "text": "China, Japan, you name it. All had"}, {"start": "00:03:47", "end": "00:03:50", "text": "bad"}, {"start": "00:03:50", "end": "00:03:56", "text": "bad times. bad times. Almost seems like"}, {"start": "00:03:54", "end": "00:03:57", "text": "they're in a correction mode right now."}, {"start": "00:03:56", "end": "00:04:00", "text": "Maybe they are, but they've been falling"}, {"start": "00:03:57", "end": "00:04:03", "text": "for quite some time. And that is also"}, {"start": "00:04:00", "end": "00:04:05", "text": "contributing to today's weakness because"}, {"start": "00:04:03", "end": "00:04:10", "text": "a lot of those investors, they're just"}, {"start": "00:04:05", "end": "00:04:13", "text": "panic dumping right now."}, {"start": "00:04:10", "end": "00:04:16", "text": "And they're uh South Korea's biggest uh"}, {"start": "00:04:13", "end": "00:04:19", "text": "memory maker, Hinx, they fell down like"}, {"start": "00:04:16", "end": "00:04:22", "text": "9% yesterday. So that certainly did not"}, {"start": "00:04:19", "end": "00:04:25", "text": "help."}, {"start": "00:04:22", "end": "00:04:27", "text": "Uh what else?"}, {"start": "00:04:25", "end": "00:04:30", "text": "What else? Well"}, {"start": "00:04:27", "end": "00:04:33", "text": "outside of these things, not happening"}, {"start": "00:04:30", "end": "00:04:35", "text": "today, but happening tomorrow and a"}, {"start": "00:04:33", "end": "00:04:39", "text": "couple other things happening later this"}, {"start": "00:04:35", "end": "00:04:41", "text": "week. But the big one is CPI inflation."}, {"start": "00:04:39", "end": "00:04:43", "text": "I just got done talking about oil, how"}, {"start": "00:04:41", "end": "00:04:46", "text": "it's elevated."}, {"start": "00:04:43", "end": "00:04:51", "text": "So, will inflation tick higher? Probably"}, {"start": "00:04:46", "end": "00:04:53", "text": "because these are lagging indicators."}, {"start": "00:04:51", "end": "00:04:55", "text": "So unfortunately we're going to see"}, {"start": "00:04:53", "end": "00:04:58", "text": "probably inflation go up hopefully in"}, {"start": "00:04:55", "end": "00:05:00", "text": "line with expectation not raising more"}, {"start": "00:04:58", "end": "00:05:03", "text": "than expectations."}, {"start": "00:05:00", "end": "00:05:06", "text": "We will see. And then we got PPI also"}, {"start": "00:05:03", "end": "00:05:09", "text": "coming on Wednesday. That's also a"}, {"start": "00:05:06", "end": "00:05:12", "text": "measurement of inflation. So we got two"}, {"start": "00:05:09", "end": "00:05:15", "text": "big inflation readings Thursday. No"}, {"start": "00:05:12", "end": "00:05:17", "text": "Tuesday and Wednesday. Then we got"}, {"start": "00:05:15", "end": "00:05:21", "text": "retail sales on Thursday. So we got a"}, {"start": "00:05:17", "end": "00:05:25", "text": "lot of econ economic data to look"}, {"start": "00:05:21", "end": "00:05:29", "text": "forward to. So it could be a volatile"}, {"start": "00:05:25", "end": "00:05:33", "text": "week for sure."}, {"start": "00:05:29", "end": "00:05:36", "text": "Uh yeah. Yep."}, {"start": "00:05:33", "end": "00:05:38", "text": "As for"}, {"start": "00:05:36", "end": "00:05:39", "text": "ETF inflow outflow, I did cover this"}, {"start": "00:05:38", "end": "00:05:42", "text": "last night, but I think a lot of you"}, {"start": "00:05:39", "end": "00:05:47", "text": "guys missed it. Last week on Monday, we"}, {"start": "00:05:42", "end": "00:05:49", "text": "did have a positive inflow day, which is"}, {"start": "00:05:47", "end": "00:05:51", "text": "fantastic."}, {"start": "00:05:49", "end": "00:05:55", "text": "So, obviously, we want more green bars"}, {"start": "00:05:51", "end": "00:05:58", "text": "and red bars. We had a lot of red bars,"}, {"start": "00:05:55", "end": "00:06:01", "text": "a lot of outflow, but we're starting to"}, {"start": "00:05:58", "end": "00:06:03", "text": "see some green come back."}, {"start": "00:06:01", "end": "00:06:07", "text": "Okay, so that's good. And same thing"}, {"start": "00:06:03", "end": "00:06:11", "text": "with ETH. ETH is having more"}, {"start": "00:06:07", "end": "00:06:13", "text": "more green than Bitcoin and uh Soul's"}, {"start": "00:06:11", "end": "00:06:16", "text": "kind of soul's actually to be honest"}, {"start": "00:06:13", "end": "00:06:19", "text": "been quite strong and more greens than"}, {"start": "00:06:16", "end": "00:06:21", "text": "red. So ETFs still take in although the"}, {"start": "00:06:19", "end": "00:06:24", "text": "numbers are small but they're still"}, {"start": "00:06:21", "end": "00:06:26", "text": "taking in but yeah right now we need to"}, {"start": "00:06:24", "end": "00:06:29", "text": "see more capital rotation back and we're"}, {"start": "00:06:26", "end": "00:06:32", "text": "seeing a little bit of that"}, {"start": "00:06:29", "end": "00:06:32", "text": "liquidity"}, {"start": "00:06:32", "end": "00:06:38", "text": "is going up. Okay so we're starting to"}, {"start": "00:06:36", "end": "00:06:40", "text": "see a little bit of that. We're starting"}, {"start": "00:06:38", "end": "00:06:42", "text": "to see money flow into ETFs. So which is"}, {"start": "00:06:40", "end": "00:06:44", "text": "good. So there are definitely investors"}, {"start": "00:06:42", "end": "00:06:46", "text": "taking advantage of low low prices,"}, {"start": "00:06:44", "end": "00:06:48", "text": "taking advantage of the situation,"}, {"start": "00:06:46", "end": "00:06:50", "text": "buying when others are fearful"}, {"start": "00:06:48", "end": "00:06:52", "text": "is that's when you're supposed to do it."}, {"start": "00:06:50", "end": "00:06:56", "text": "So we're we're definitely seeing that"}, {"start": "00:06:52", "end": "00:06:58", "text": "just a little bit just a little bit."}, {"start": "00:06:56", "end": "00:07:00", "text": "Now Sailor,"}, {"start": "00:06:58", "end": "00:07:04", "text": "we're hoping that he was going to do a"}, {"start": "00:07:00", "end": "00:07:07", "text": "big buy, but seems like these days big"}, {"start": "00:07:04", "end": "00:07:10", "text": "buy days are or big buy weeks are over."}, {"start": "00:07:07", "end": "00:07:12", "text": "So yesterday he tweeted some crypto"}, {"start": "00:07:10", "end": "00:07:14", "text": "cryptic tweet about there's more than"}, {"start": "00:07:12", "end": "00:07:18", "text": "just dots or something like that. Okay."}, {"start": "00:07:14", "end": "00:07:19", "text": "And it was kind of kind of obvious that"}, {"start": "00:07:18", "end": "00:07:24", "text": "he wasn't going to add any more dots"}, {"start": "00:07:19", "end": "00:07:26", "text": "anymore. He wanted to probably sell."}, {"start": "00:07:24", "end": "00:07:31", "text": "So I saw this."}, {"start": "00:07:26", "end": "00:07:35", "text": "He increased their reserves by 450"}, {"start": "00:07:31", "end": "00:07:37", "text": "million. They still hold 843,775"}, {"start": "00:07:35", "end": "00:07:40", "text": "Bitcoin their reserve, but now they hold"}, {"start": "00:07:37", "end": "00:07:44", "text": "three billion in their USD reserve."}, {"start": "00:07:40", "end": "00:07:47", "text": "Okay. So rather than use 450 million to"}, {"start": "00:07:44", "end": "00:07:49", "text": "go buy more Bitcoin, which in the past"}, {"start": "00:07:47", "end": "00:07:52", "text": "that's what he would do, raise more"}, {"start": "00:07:49", "end": "00:07:54", "text": "money to buy Bitcoin, but now he's"}, {"start": "00:07:52", "end": "00:07:58", "text": "raising money just to put into reserves."}, {"start": "00:07:54", "end": "00:08:01", "text": "And some people argue as a company this"}, {"start": "00:07:58", "end": "00:08:04", "text": "makes a whole lot of sense, right?"}, {"start": "00:08:01", "end": "00:08:06", "text": "because as a company you have to fulfill"}, {"start": "00:08:04", "end": "00:08:09", "text": "your obligations and because of stretch"}, {"start": "00:08:06", "end": "00:08:12", "text": "and strife and all that uh he has to be"}, {"start": "00:08:09", "end": "00:08:17", "text": "able to pay those dividends out. Okay."}, {"start": "00:08:12", "end": "00:08:22", "text": "So as a company probably doing the right"}, {"start": "00:08:17", "end": "00:08:24", "text": "thing but as a diehard Bitcoin bull"}, {"start": "00:08:22", "end": "00:08:28", "text": "as the new Bitcoin Jesus I think most"}, {"start": "00:08:24", "end": "00:08:32", "text": "people would want to see him continue to"}, {"start": "00:08:28", "end": "00:08:35", "text": "DCA Bitcoin. So there's one question"}, {"start": "00:08:32", "end": "00:08:38", "text": "I think everyone's wondering with this"}, {"start": "00:08:35", "end": "00:08:42", "text": "is did he sell Bitcoin to raise that"}, {"start": "00:08:38", "end": "00:08:46", "text": "money or did he sell stock strategy by"}, {"start": "00:08:42", "end": "00:08:49", "text": "that? So I asked Clash and it searched"}, {"start": "00:08:46", "end": "00:08:51", "text": "through everything and it said that they"}, {"start": "00:08:49", "end": "00:08:53", "text": "sold shares."}, {"start": "00:08:51", "end": "00:08:58", "text": "They sold shares. They didn't sell"}, {"start": "00:08:53", "end": "00:09:00", "text": "Bitcoin. Uh but you know for strategy"}, {"start": "00:08:58", "end": "00:09:06", "text": "holders probably"}, {"start": "00:09:00", "end": "00:09:06", "text": "not not very happy about that."}, {"start": "00:09:07", "end": "00:09:13", "text": "That easier to read. I got to zoom in. I"}, {"start": "00:09:10", "end": "00:09:14", "text": "feel like it's hard to read because it's"}, {"start": "00:09:13", "end": "00:09:16", "text": "so zoomed in for you guys. But anyways,"}, {"start": "00:09:14", "end": "00:09:19", "text": "that's what it says. And I asked Gro too"}, {"start": "00:09:16", "end": "00:09:21", "text": "and Grock agrees. So there's no there's"}, {"start": "00:09:19", "end": "00:09:25", "text": "been no indication of additional Bitcoin"}, {"start": "00:09:21", "end": "00:09:28", "text": "selling. it is just selling strategy"}, {"start": "00:09:25", "end": "00:09:30", "text": "shares, which again, if you're a"}, {"start": "00:09:28", "end": "00:09:32", "text": "shareholder, you're probably not very"}, {"start": "00:09:30", "end": "00:09:35", "text": "happy about that."}, {"start": "00:09:32", "end": "00:09:38", "text": "Uh, outside of this, what else? What"}, {"start": "00:09:35", "end": "00:09:40", "text": "else is there? Uh, I saw this machine"}, {"start": "00:09:38", "end": "00:09:43", "text": "learning algorithm sets Bitcoin price"}, {"start": "00:09:40", "end": "00:09:48", "text": "for August 1, which is just a few weeks"}, {"start": "00:09:43", "end": "00:09:51", "text": "from now. It's weird to think that we're"}, {"start": "00:09:48", "end": "00:09:53", "text": "past the half point of this year"}, {"start": "00:09:51", "end": "00:09:56", "text": "already. This is like a new year, but"}, {"start": "00:09:53", "end": "00:09:58", "text": "anyways, they have some new AI agent and"}, {"start": "00:09:56", "end": "00:10:01", "text": "uh I mean this site does. And then they"}, {"start": "00:09:58", "end": "00:10:04", "text": "asked these various LMS what they"}, {"start": "00:10:01", "end": "00:10:06", "text": "thought the price was going to be. Okay,"}, {"start": "00:10:04", "end": "00:10:10", "text": "I don't know why they're still using"}, {"start": "00:10:06", "end": "00:10:13", "text": "Opus 4.6 six or Gro 4.1s which which are"}, {"start": "00:10:10", "end": "00:10:18", "text": "like really outdated models but decided"}, {"start": "00:10:13", "end": "00:10:20", "text": "to ask the latest which is ask what will"}, {"start": "00:10:18", "end": "00:10:24", "text": "the price be on August 1st and it"}, {"start": "00:10:20", "end": "00:10:24", "text": "anticipates about $66,000"}, {"start": "00:10:25", "end": "00:10:31", "text": "bare case"}, {"start": "00:10:27", "end": "00:10:36", "text": "if the US Iran situation intensifies"}, {"start": "00:10:31", "end": "00:10:39", "text": "ETF outflows resume or Fed signals a a"}, {"start": "00:10:36", "end": "00:10:42", "text": "rate hike. Okay, we don't want that. But"}, {"start": "00:10:39", "end": "00:10:46", "text": "if it does, it does think that we can"}, {"start": "00:10:42", "end": "00:10:49", "text": "fall back to 54 to 58,000. Now, base"}, {"start": "00:10:46", "end": "00:10:52", "text": "case 63 to 69,000. If ETF demand"}, {"start": "00:10:49", "end": "00:10:54", "text": "stabilizes, Bitcoin continues to"}, {"start": "00:10:52", "end": "00:10:56", "text": "consolidate above 60,000."}, {"start": "00:10:54", "end": "00:10:59", "text": "Bull case"}, {"start": "00:10:56", "end": "00:11:01", "text": "72 to 78,000. The Fed stays"}, {"start": "00:10:59", "end": "00:11:04", "text": "accommodative and institutional buying"}, {"start": "00:11:01", "end": "00:11:07", "text": "accelerates. So, it could go both ways,"}, {"start": "00:11:04", "end": "00:11:10", "text": "but it estimates around $66,000. So, I'm"}, {"start": "00:11:07", "end": "00:11:14", "text": "hoping we do have another FOMC meeting."}, {"start": "00:11:10", "end": "00:11:19", "text": "All right. Uh hoping that the Fed, led"}, {"start": "00:11:14", "end": "00:11:22", "text": "by the new Worsh, new chair,"}, {"start": "00:11:19", "end": "00:11:25", "text": "um is going to be more doubbish and"}, {"start": "00:11:22", "end": "00:11:28", "text": "hawkish because after the last meeting,"}, {"start": "00:11:25", "end": "00:11:31", "text": "it's not certain. Everyone thought that"}, {"start": "00:11:28", "end": "00:11:33", "text": "everyone thought that Worsh was going to"}, {"start": "00:11:31", "end": "00:11:36", "text": "be more dovish and in his last meeting"}, {"start": "00:11:33", "end": "00:11:39", "text": "he was not very much. So he was"}, {"start": "00:11:36", "end": "00:11:42", "text": "maintaining the harsh stance kind of"}, {"start": "00:11:39", "end": "00:11:44", "text": "like pow. So"}, {"start": "00:11:42", "end": "00:11:46", "text": "we will see."}, {"start": "00:11:44", "end": "00:11:49", "text": "We will see."}, {"start": "00:11:46", "end": "00:11:51", "text": "Now the stable coin outflow. I kind of"}, {"start": "00:11:49", "end": "00:11:53", "text": "mentioned this already, right? We had a"}, {"start": "00:11:51", "end": "00:11:55", "text": "massive outflow of stable coins, a"}, {"start": "00:11:53", "end": "00:11:58", "text": "massive"}, {"start": "00:11:55", "end": "00:12:01", "text": "capital rotation out in June, but now"}, {"start": "00:11:58", "end": "00:12:04", "text": "we're starting to see things turn around"}, {"start": "00:12:01", "end": "00:12:07", "text": "just a little bit. We didn't completely"}, {"start": "00:12:04", "end": "00:12:09", "text": "reverse this outflow, but we're starting"}, {"start": "00:12:07", "end": "00:12:11", "text": "to see that. And I think some of it is"}, {"start": "00:12:09", "end": "00:12:13", "text": "due to the fact that Asian markets are"}, {"start": "00:12:11", "end": "00:12:15", "text": "starting to get weak. Some of the tech"}, {"start": "00:12:13", "end": "00:12:18", "text": "sector, some of the company in the tech"}, {"start": "00:12:15", "end": "00:12:21", "text": "sector is starting to get weaker. They"}, {"start": "00:12:18", "end": "00:12:23", "text": "don't seem like for sure money makers"}, {"start": "00:12:21", "end": "00:12:26", "text": "anymore. A lot of people are worried"}, {"start": "00:12:23", "end": "00:12:28", "text": "about a correction, a major correction."}, {"start": "00:12:26", "end": "00:12:30", "text": "And I think that is why we're starting"}, {"start": "00:12:28", "end": "00:12:34", "text": "to see some money flow in. We're"}, {"start": "00:12:30", "end": "00:12:39", "text": "starting to see some enthusiasm"}, {"start": "00:12:34", "end": "00:12:41", "text": "over Bitcoin, okay, and crypto."}, {"start": "00:12:39", "end": "00:12:44", "text": "And of course, we have a lot of metrics"}, {"start": "00:12:41", "end": "00:12:48", "text": "that also say that. Okay, here's one"}, {"start": "00:12:44", "end": "00:12:51", "text": "long-term to short-term holder ratio."}, {"start": "00:12:48", "end": "00:12:53", "text": "And this is pretty obvious. When"}, {"start": "00:12:51", "end": "00:12:57", "text": "long-term holders start dominating,"}, {"start": "00:12:53", "end": "00:13:01", "text": "that's when you have usually crypto"}, {"start": "00:12:57", "end": "00:13:03", "text": "winter bottoms because when short-term"}, {"start": "00:13:01", "end": "00:13:06", "text": "holders dominating, that means there's"}, {"start": "00:13:03", "end": "00:13:08", "text": "massive FOMO, a lot of people coming in,"}, {"start": "00:13:06", "end": "00:13:11", "text": "right? And we're not during one of those"}, {"start": "00:13:08", "end": "00:13:15", "text": "times. So, long-term holder dominating"}, {"start": "00:13:11", "end": "00:13:15", "text": "right now."}, {"start": "00:13:15", "end": "00:13:19", "text": "You got so many of these so many of"}, {"start": "00:13:17", "end": "00:13:21", "text": "these metrics,"}, {"start": "00:13:19", "end": "00:13:26", "text": "okay? All over the place. I don't even"}, {"start": "00:13:21", "end": "00:13:26", "text": "need to show all of them. But basically,"}, {"start": "00:13:27", "end": "00:13:34", "text": "we are low. Very, very low. Okay, that's"}, {"start": "00:13:32", "end": "00:13:38", "text": "what you need to know."}, {"start": "00:13:34", "end": "00:13:41", "text": "We are low just like previous crypto"}, {"start": "00:13:38", "end": "00:13:44", "text": "winter low."}, {"start": "00:13:41", "end": "00:13:47", "text": "So, normally this is the time you want"}, {"start": "00:13:44", "end": "00:13:49", "text": "to load up. If you look at this, this is"}, {"start": "00:13:47", "end": "00:13:51", "text": "basically showing long-term holders and"}, {"start": "00:13:49", "end": "00:13:56", "text": "short-term holders and their profits."}, {"start": "00:13:51", "end": "00:13:59", "text": "And right now, not looking good."}, {"start": "00:13:56", "end": "00:14:02", "text": "When"}, {"start": "00:13:59", "end": "00:14:04", "text": "the profits are lower than losses,"}, {"start": "00:14:02", "end": "00:14:07", "text": "right? When the two cross, that's what"}, {"start": "00:14:04", "end": "00:14:09", "text": "the white and the red lines show. That"}, {"start": "00:14:07", "end": "00:14:11", "text": "usually signals a bottom. And you can"}, {"start": "00:14:09", "end": "00:14:14", "text": "see the previous bottom points and you"}, {"start": "00:14:11", "end": "00:14:17", "text": "kind of hover there for a while, a month"}, {"start": "00:14:14", "end": "00:14:21", "text": "or two, and then you recover. But this"}, {"start": "00:14:17", "end": "00:14:22", "text": "is what it's looking like right now."}, {"start": "00:14:21", "end": "00:14:24", "text": "That may be why you're starting to see"}, {"start": "00:14:22", "end": "00:14:27", "text": "some cap rotation come back in too"}, {"start": "00:14:24", "end": "00:14:31", "text": "because of all this."}, {"start": "00:14:27", "end": "00:14:34", "text": "So basically, hold strong. DCA if you"}, {"start": "00:14:31", "end": "00:14:38", "text": "can take"}, {"start": "00:14:34", "end": "00:14:40", "text": "take the opportunity to"}, {"start": "00:14:38", "end": "00:14:42", "text": "load up"}, {"start": "00:14:40", "end": "00:14:44", "text": "if you can during these low low prices."}, {"start": "00:14:42", "end": "00:14:47", "text": "That's what really what it comes down"}, {"start": "00:14:44", "end": "00:14:50", "text": "to. All right. Outside of Bitcoin,"}, {"start": "00:14:47", "end": "00:14:52", "text": "uh what else? SBI collaborates with"}, {"start": "00:14:50", "end": "00:14:57", "text": "Salana to build financial market from"}, {"start": "00:14:52", "end": "00:15:01", "text": "Japan. Normally SBI has only worked with"}, {"start": "00:14:57", "end": "00:15:03", "text": "XRP. They're a big XRP fan, but"}, {"start": "00:15:01", "end": "00:15:06", "text": "according to this, they want to work on"}, {"start": "00:15:03", "end": "00:15:10", "text": "other things that XRP ledger may not be"}, {"start": "00:15:06", "end": "00:15:12", "text": "that strong in. And a big one is RWA."}, {"start": "00:15:10", "end": "00:15:14", "text": "RWA,"}, {"start": "00:15:12", "end": "00:15:18", "text": "including corporate bonds, commercial"}, {"start": "00:15:14", "end": "00:15:22", "text": "paper funds, real estate."}, {"start": "00:15:18", "end": "00:15:26", "text": "These are big things. Institutions want"}, {"start": "00:15:22", "end": "00:15:28", "text": "to tokenize these things, okay? because"}, {"start": "00:15:26", "end": "00:15:32", "text": "onchain just makes them more efficient"}, {"start": "00:15:28", "end": "00:15:33", "text": "and faster and cheaper."}, {"start": "00:15:32", "end": "00:15:36", "text": "So,"}, {"start": "00:15:33", "end": "00:15:42", "text": "good news. What else? Tom Lee bats"}, {"start": "00:15:36", "end": "00:15:44", "text": "Ethereum comeback on a rise of AI"}, {"start": "00:15:42", "end": "00:15:46", "text": "again. I think this go."}, {"start": "00:15:44", "end": "00:15:49", "text": "I think this will happen. It's just"}, {"start": "00:15:46", "end": "00:15:51", "text": "people are not seeing the bigger picture"}, {"start": "00:15:49", "end": "00:15:54", "text": "yet."}, {"start": "00:15:51", "end": "00:15:56", "text": "Okay. But the two will be complimentary."}, {"start": "00:15:54", "end": "00:15:59", "text": "It's not like one or the other. It's not"}, {"start": "00:15:56", "end": "00:16:01", "text": "like you have to choose that okay I have"}, {"start": "00:15:59", "end": "00:16:03", "text": "to go with AI to make money or I have to"}, {"start": "00:16:01", "end": "00:16:06", "text": "go with crypto to make money. You can"}, {"start": "00:16:03", "end": "00:16:08", "text": "make money with both and soon projects"}, {"start": "00:16:06", "end": "00:16:13", "text": "will figure out hey you could"}, {"start": "00:16:08", "end": "00:16:16", "text": "incorporate AI into let's say DAPs and"}, {"start": "00:16:13", "end": "00:16:19", "text": "project will figure out hey you could"}, {"start": "00:16:16", "end": "00:16:22", "text": "incorporate some of the decentralization"}, {"start": "00:16:19", "end": "00:16:26", "text": "or ledger or tokenization"}, {"start": "00:16:22", "end": "00:16:28", "text": "of crypto and put that and make my app"}, {"start": "00:16:26", "end": "00:16:30", "text": "better. So both sides are going to"}, {"start": "00:16:28", "end": "00:16:33", "text": "figure it out"}, {"start": "00:16:30", "end": "00:16:36", "text": "and the ones that do will benefit the"}, {"start": "00:16:33", "end": "00:16:38", "text": "most."}, {"start": "00:16:36", "end": "00:16:40", "text": "And I think Robin Hood is also trying to"}, {"start": "00:16:38", "end": "00:16:42", "text": "figure that out too. Robin Hood, you"}, {"start": "00:16:40", "end": "00:16:44", "text": "know, recently opened up the chain. They"}, {"start": "00:16:42", "end": "00:16:47", "text": "want to tokenize. They also said they"}, {"start": "00:16:44", "end": "00:16:50", "text": "want to open up AI trading, right?"}, {"start": "00:16:47", "end": "00:16:53", "text": "They're trying to go in that direction."}, {"start": "00:16:50", "end": "00:16:56", "text": "So we'll see. And Pancake Swap is trying"}, {"start": "00:16:53", "end": "00:16:59", "text": "to jump on the hype because Robin Hood"}, {"start": "00:16:56", "end": "00:17:02", "text": "chain has been really really hot mostly"}, {"start": "00:16:59", "end": "00:17:04", "text": "due to one meme coin. But still they're"}, {"start": "00:17:02", "end": "00:17:08", "text": "off"}, {"start": "00:17:04", "end": "00:17:09", "text": "the races I guess in a good way and"}, {"start": "00:17:08", "end": "00:17:11", "text": "people are taking advantage of it or"}, {"start": "00:17:09", "end": "00:17:12", "text": "projects are taking advantage I should"}, {"start": "00:17:11", "end": "00:17:15", "text": "say."}, {"start": "00:17:12", "end": "00:17:19", "text": "Good for Pancake Swap I guess. All"}, {"start": "00:17:15", "end": "00:17:20", "text": "right. Outside of that"}, {"start": "00:17:19", "end": "00:17:24", "text": "that's pretty much it. I don't really"}, {"start": "00:17:20", "end": "00:17:26", "text": "have anything else. Let's see. NASDAQ is"}, {"start": "00:17:24", "end": "00:17:30", "text": "still weak. Dow is still green but"}, {"start": "00:17:26", "end": "00:17:33", "text": "falling a little bit today. Overall,"}, {"start": "00:17:30", "end": "00:17:36", "text": "just not really good. I'm looking at my"}, {"start": "00:17:33", "end": "00:17:38", "text": "watch list here and it is brutal right"}, {"start": "00:17:36", "end": "00:17:41", "text": "now. Crypto ain't doing well, but ain't"}, {"start": "00:17:38", "end": "00:17:42", "text": "doing that bad. Bitcoin is down about 2"}, {"start": "00:17:41", "end": "00:17:45", "text": "and a.5%."}, {"start": "00:17:42", "end": "00:17:48", "text": "ETH is down about 2%."}, {"start": "00:17:45", "end": "00:17:49", "text": "But if you look at"}, {"start": "00:17:48", "end": "00:17:52", "text": "like"}, {"start": "00:17:49", "end": "00:17:58", "text": "Micron, well, this one you can't even"}, {"start": "00:17:52", "end": "00:17:58", "text": "really see. There we go. Uh, down 7%."}, {"start": "00:17:58", "end": "00:18:05", "text": "Intel."}, {"start": "00:18:01", "end": "00:18:07", "text": "Down 5%. Why is this so choppy?"}, {"start": "00:18:05", "end": "00:18:11", "text": "I'm about to fix this. It's kind of"}, {"start": "00:18:07", "end": "00:18:16", "text": "choppiness. But it is down 5%. AMD is"}, {"start": "00:18:11", "end": "00:18:16", "text": "down 5%."}, {"start": "00:18:16", "end": "00:18:22", "text": "Today is not good for uh Today's not"}, {"start": "00:18:19", "end": "00:18:25", "text": "good for tech. Tech is selling off like"}, {"start": "00:18:22", "end": "00:18:25", "text": "crazy."}, {"start": "00:18:26", "end": "00:18:29", "text": "All right,"}, {"start": "00:18:33", "end": "00:18:36", "text": "let's do some Q&A."}, {"start": "00:19:10", "end": "00:19:15", "text": "XRP down about 3% today."}, {"start": "00:19:16", "end": "00:19:20", "text": "Not a not a good day overall."}, {"start": "00:19:24", "end": "00:19:28", "text": "Am I still looking into tap tools? No,"}, {"start": "00:19:26", "end": "00:19:30", "text": "I'm not."}, {"start": "00:19:28", "end": "00:19:32", "text": "the balls in their court. I already made"}, {"start": "00:19:30", "end": "00:19:35", "text": "an offer. I offered them to help them,"}, {"start": "00:19:32", "end": "00:19:37", "text": "to revitalize them, to keep them afloat,"}, {"start": "00:19:35", "end": "00:19:41", "text": "but didn't seem like they were very"}, {"start": "00:19:37", "end": "00:19:41", "text": "interested at all."}, {"start": "00:19:42", "end": "00:19:45", "text": "It really comes down to one guy. It was"}, {"start": "00:19:43", "end": "00:19:47", "text": "just like really one founder. All the"}, {"start": "00:19:45", "end": "00:19:50", "text": "other founders left. So, I think he just"}, {"start": "00:19:47", "end": "00:19:51", "text": "wanted a payday, but I don't I don't"}, {"start": "00:19:50", "end": "00:19:55", "text": "think he's really going to get one in"}, {"start": "00:19:51", "end": "00:19:55", "text": "this market right now."}, {"start": "00:20:20", "end": "00:20:24", "text": "uh with a polymark and call sheet"}, {"start": "00:20:22", "end": "00:20:25", "text": "feature. Is it strictly to compare odds"}, {"start": "00:20:24", "end": "00:20:26", "text": "or do you think this will bring more"}, {"start": "00:20:25", "end": "00:20:29", "text": "visibility and partnerships? Just"}, {"start": "00:20:26", "end": "00:20:30", "text": "curious."}, {"start": "00:20:29", "end": "00:20:32", "text": "I think it's pretty obvious, right? It's"}, {"start": "00:20:30", "end": "00:20:35", "text": "just bring more users. There are there"}, {"start": "00:20:32", "end": "00:20:40", "text": "are a lot more predictors of events on"}, {"start": "00:20:35", "end": "00:20:42", "text": "Khi and Poly Market, right? So, pretty"}, {"start": "00:20:40", "end": "00:20:45", "text": "obvious that it's to just draw more"}, {"start": "00:20:42", "end": "00:20:48", "text": "users to the platform. It makes it"}, {"start": "00:20:45", "end": "00:20:50", "text": "easier along with Clash Pix, but it"}, {"start": "00:20:48", "end": "00:20:53", "text": "makes it a whole lot easier. You got to"}, {"start": "00:20:50", "end": "00:20:56", "text": "appeal to the masses, right? There are a"}, {"start": "00:20:53", "end": "00:20:59", "text": "lot more like a 100,000 times more users"}, {"start": "00:20:56", "end": "00:21:01", "text": "on both platforms than Clashpick. So,"}, {"start": "00:20:59", "end": "00:21:04", "text": "that's what it's about."}, {"start": "00:21:01", "end": "00:21:05", "text": "And I improved it. A lot of you guys"}, {"start": "00:21:04", "end": "00:21:08", "text": "watch the video. I improved this whole"}, {"start": "00:21:05", "end": "00:21:11", "text": "site. I spent I spent enormous amount of"}, {"start": "00:21:08", "end": "00:21:14", "text": "time, all my free time to improve Ask"}, {"start": "00:21:11", "end": "00:21:20", "text": "Clash. Like the answers are super good,"}, {"start": "00:21:14", "end": "00:21:21", "text": "super fast. Um I increased like a lot of"}, {"start": "00:21:20", "end": "00:21:23", "text": "a lot of things over the weekend. Not"}, {"start": "00:21:21", "end": "00:21:26", "text": "increased, but made things better. So"}, {"start": "00:21:23", "end": "00:21:28", "text": "the prediction market"}, {"start": "00:21:26", "end": "00:21:30", "text": "uh the predictions page has been totally"}, {"start": "00:21:28", "end": "00:21:33", "text": "revamped. It looks fancy. It looks"}, {"start": "00:21:30", "end": "00:21:36", "text": "awesome. Now you get to see basically"}, {"start": "00:21:33", "end": "00:21:39", "text": "every every event that's available,"}, {"start": "00:21:36", "end": "00:21:43", "text": "okay, on Clash Pix, call sheet, and Poly"}, {"start": "00:21:39", "end": "00:21:46", "text": "Market and sorted by categories. You"}, {"start": "00:21:43", "end": "00:21:48", "text": "could do popular, closing soon, newest,"}, {"start": "00:21:46", "end": "00:21:50", "text": "anything that you could think of,"}, {"start": "00:21:48", "end": "00:21:53", "text": "right? And you get a really good"}, {"start": "00:21:50", "end": "00:21:57", "text": "prediction."}, {"start": "00:21:53", "end": "00:22:00", "text": "Um, so I mean really just whatever"}, {"start": "00:21:57", "end": "00:22:02", "text": "whatever floats your boat. Okay, this is"}, {"start": "00:22:00", "end": "00:22:05", "text": "one of the main features. We always had"}, {"start": "00:22:02", "end": "00:22:08", "text": "this. I start actually clash uh ask"}, {"start": "00:22:05", "end": "00:22:10", "text": "clash with this but"}, {"start": "00:22:08", "end": "00:22:12", "text": "um it kind of fell on the back burner"}, {"start": "00:22:10", "end": "00:22:14", "text": "but it makes a whole lot of sense. This"}, {"start": "00:22:12", "end": "00:22:17", "text": "is one of our premier features because"}, {"start": "00:22:14", "end": "00:22:20", "text": "no one else offers this and the"}, {"start": "00:22:17", "end": "00:22:22", "text": "predictions are pretty good. We have a"}, {"start": "00:22:20", "end": "00:22:23", "text": "pretty good algorithm with it. Also"}, {"start": "00:22:22", "end": "00:22:28", "text": "something else that you guys would be"}, {"start": "00:22:23", "end": "00:22:30", "text": "interested in is our research which was"}, {"start": "00:22:28", "end": "00:22:33", "text": "really good before but now it's more"}, {"start": "00:22:30", "end": "00:22:35", "text": "visual. So if you want to do a deep"}, {"start": "00:22:33", "end": "00:22:37", "text": "dive, you want to get your portfolio"}, {"start": "00:22:35", "end": "00:22:39", "text": "looked at, you want to get a thesis on"}, {"start": "00:22:37", "end": "00:22:43", "text": "something, uh you want to check the"}, {"start": "00:22:39", "end": "00:22:47", "text": "momentum radar for leaders or niches or"}, {"start": "00:22:43", "end": "00:22:49", "text": "you know you want anything that that is"}, {"start": "00:22:47", "end": "00:22:51", "text": "research related. For example, even if"}, {"start": "00:22:49", "end": "00:22:54", "text": "you wanted to research Clash, which I"}, {"start": "00:22:51", "end": "00:22:57", "text": "just ran before, it gives you a really"}, {"start": "00:22:54", "end": "00:23:00", "text": "good dashboard with all the bear and"}, {"start": "00:22:57", "end": "00:23:02", "text": "bull arguments, what to watch, you know,"}, {"start": "00:23:00", "end": "00:23:07", "text": "it's very visual now because I know"}, {"start": "00:23:02", "end": "00:23:10", "text": "people love visual like stuff, okay?"}, {"start": "00:23:07", "end": "00:23:13", "text": "Like exploring Microsoft, right? It"}, {"start": "00:23:10", "end": "00:23:14", "text": "gives you the price. It compares to"}, {"start": "00:23:13", "end": "00:23:17", "text": "competitors,"}, {"start": "00:23:14", "end": "00:23:19", "text": "financial value, competitive landscape."}, {"start": "00:23:17", "end": "00:23:22", "text": "You know, it breaks things down in these"}, {"start": "00:23:19", "end": "00:23:25", "text": "very consumable"}, {"start": "00:23:22", "end": "00:23:27", "text": "dashboards reports rather than plain"}, {"start": "00:23:25", "end": "00:23:31", "text": "reports. So, that is also something that"}, {"start": "00:23:27", "end": "00:23:33", "text": "I worked on very hard"}, {"start": "00:23:31", "end": "00:23:35", "text": "over the weekend and I think it's pretty"}, {"start": "00:23:33", "end": "00:23:39", "text": "damn complete. So, that's also something"}, {"start": "00:23:35", "end": "00:23:39", "text": "new on here."}, {"start": "00:23:44", "end": "00:23:51", "text": "And also I added this too,"}, {"start": "00:23:47", "end": "00:23:53", "text": "a benchmark site for AI models. It's"}, {"start": "00:23:51", "end": "00:23:55", "text": "really cool. I love it. Love it. You can"}, {"start": "00:23:53", "end": "00:23:58", "text": "see all the premier models,"}, {"start": "00:23:55", "end": "00:24:00", "text": "all the benchmarks, the scoring, you"}, {"start": "00:23:58", "end": "00:24:03", "text": "know, like and their intelligent level"}, {"start": "00:24:00", "end": "00:24:07", "text": "versus cost, you know, a lot of a lot of"}, {"start": "00:24:03", "end": "00:24:10", "text": "stuff like this. how they handle"}, {"start": "00:24:07", "end": "00:24:13", "text": "you know effort level and it shows you"}, {"start": "00:24:10", "end": "00:24:17", "text": "all the various different kind of"}, {"start": "00:24:13", "end": "00:24:19", "text": "models right like it's really this is"}, {"start": "00:24:17", "end": "00:24:21", "text": "really cool I like it a lot there there"}, {"start": "00:24:19", "end": "00:24:23", "text": "are a lot of great great benchmarks so"}, {"start": "00:24:21", "end": "00:24:26", "text": "for those of you guys that are into AI"}, {"start": "00:24:23", "end": "00:24:28", "text": "models which we have a leaderboard for"}, {"start": "00:24:26", "end": "00:24:33", "text": "too"}, {"start": "00:24:28", "end": "00:24:33", "text": "this is a new site new page as well"}, {"start": "00:24:33", "end": "00:24:41", "text": "a lot of Great new things"}, {"start": "00:24:38", "end": "00:24:41", "text": "on Aslash."}, {"start": "00:24:51", "end": "00:24:55", "text": "Cardano."}, {"start": "00:24:53", "end": "00:24:58", "text": "No upside on Cardano. There there's"}, {"start": "00:24:55", "end": "00:25:01", "text": "upside to Cardano. Okay, it's down with"}, {"start": "00:24:58", "end": "00:25:04", "text": "everything else,"}, {"start": "00:25:01", "end": "00:25:06", "text": "but it will come back."}, {"start": "00:25:04", "end": "00:25:09", "text": "Unless Charles really says, \"I had"}, {"start": "00:25:06", "end": "00:25:12", "text": "enough. I don't care about you trolls"}, {"start": "00:25:09", "end": "00:25:15", "text": "anymore. There's too much pressure. I"}, {"start": "00:25:12", "end": "00:25:18", "text": "need to permanently leave.\" Um, then it"}, {"start": "00:25:15", "end": "00:25:20", "text": "may not come back. But as long as he"}, {"start": "00:25:18", "end": "00:25:23", "text": "stays strong and he's will continue to"}, {"start": "00:25:20", "end": "00:25:26", "text": "push the project forward, it's going to"}, {"start": "00:25:23", "end": "00:25:29", "text": "come back. Will it go back to"}, {"start": "00:25:26", "end": "00:25:31", "text": "its previous high?"}, {"start": "00:25:29", "end": "00:25:33", "text": "Probably, because it it was just there"}, {"start": "00:25:31", "end": "00:25:36", "text": "last year."}, {"start": "00:25:33", "end": "00:25:39", "text": "Right. So, probably. But how much higher"}, {"start": "00:25:36", "end": "00:25:44", "text": "can it go? That really depends on what"}, {"start": "00:25:39", "end": "00:25:44", "text": "he what he built on Cardano."}, {"start": "00:26:07", "end": "00:26:10", "text": "Yeah, there are a lot of, you know,"}, {"start": "00:26:09", "end": "00:26:13", "text": "Casper obviously there are there are a"}, {"start": "00:26:10", "end": "00:26:15", "text": "lot of alts that show a lot of promise,"}, {"start": "00:26:13", "end": "00:26:17", "text": "right, with a lot of utility, a lot of"}, {"start": "00:26:15", "end": "00:26:19", "text": "users, a lot of momentum, and they're"}, {"start": "00:26:17", "end": "00:26:22", "text": "definitely stealing the the thunder"}, {"start": "00:26:19", "end": "00:26:23", "text": "right now. Like, you know, hype is one"}, {"start": "00:26:22", "end": "00:26:27", "text": "of them, right? Doing very well and"}, {"start": "00:26:23", "end": "00:26:30", "text": "others are doing the same thing."}, {"start": "00:26:27", "end": "00:26:33", "text": "But you know, Cardano has a really,"}, {"start": "00:26:30", "end": "00:26:36", "text": "really loyal fan base. Really loyal fan"}, {"start": "00:26:33", "end": "00:26:39", "text": "base, right? So that's what you need in"}, {"start": "00:26:36", "end": "00:26:40", "text": "crypto. You need that loyal base and"}, {"start": "00:26:39", "end": "00:26:42", "text": "then they will carry the project"}, {"start": "00:26:40", "end": "00:26:44", "text": "forever."}, {"start": "00:26:42", "end": "00:26:47", "text": "We'll see."}, {"start": "00:26:44", "end": "00:26:47", "text": "We'll see."}, {"start": "00:26:58", "end": "00:27:04", "text": "Uh, someone is asking about SanDisk and"}, {"start": "00:27:01", "end": "00:27:06", "text": "I don't know about SanDisk. SanDisk is"}, {"start": "00:27:04", "end": "00:27:09", "text": "has been going up a lot because"}, {"start": "00:27:06", "end": "00:27:10", "text": "obviously because they're in memory,"}, {"start": "00:27:09", "end": "00:27:15", "text": "they're in hard drives, they're in a lot"}, {"start": "00:27:10", "end": "00:27:16", "text": "of stuff and it's being used everywhere."}, {"start": "00:27:15", "end": "00:27:17", "text": "Thoughts on Cash Cat? You know,"}, {"start": "00:27:16", "end": "00:27:20", "text": "honestly, I haven't been paying"}, {"start": "00:27:17", "end": "00:27:23", "text": "attention to it. I just know that it's"}, {"start": "00:27:20", "end": "00:27:25", "text": "been very hyped up and because Robin"}, {"start": "00:27:23", "end": "00:27:28", "text": "Hood chain is getting a lot of"}, {"start": "00:27:25", "end": "00:27:30", "text": "attention. Uh, it's getting attention,"}, {"start": "00:27:28", "end": "00:27:34", "text": "but it's also causing a lot of attention"}, {"start": "00:27:30", "end": "00:27:38", "text": "for for um for Robin Hood chain, but"}, {"start": "00:27:34", "end": "00:27:38", "text": "honestly, I haven't been keeping it up."}, {"start": "00:27:52", "end": "00:27:55", "text": "Let's see what I can learn."}, {"start": "00:28:17", "end": "00:28:21", "text": "man. It's going real deep with this."}, {"start": "00:28:22", "end": "00:28:27", "text": "Cash Cat is a breakout memecoin Robin"}, {"start": "00:28:25", "end": "00:28:29", "text": "Hood chain, but is still pure"}, {"start": "00:28:27", "end": "00:28:31", "text": "speculation trade, not official Robin"}, {"start": "00:28:29", "end": "00:28:36", "text": "Hood asset."}, {"start": "00:28:31", "end": "00:28:39", "text": "It is being marketed as a flagship meme."}, {"start": "00:28:36", "end": "00:28:41", "text": "Um, reports say that Cash Cap briefly"}, {"start": "00:28:39", "end": "00:28:45", "text": "reached around 100 million to 200"}, {"start": "00:28:41", "end": "00:28:48", "text": "million in market cap. Robin Hood chain"}, {"start": "00:28:45", "end": "00:28:51", "text": "itself reported a record 564 million DEX"}, {"start": "00:28:48", "end": "00:28:54", "text": "volume."}, {"start": "00:28:51", "end": "00:28:58", "text": "Okay. So, and then there's the contract."}, {"start": "00:28:54", "end": "00:29:00", "text": "Robin Hood does not endorse it."}, {"start": "00:28:58", "end": "00:29:03", "text": "Liquidity holder contrasts are are"}, {"start": "00:29:00", "end": "00:29:06", "text": "decisive before consider any check all"}, {"start": "00:29:03", "end": "00:29:09", "text": "this. Okay."}, {"start": "00:29:06", "end": "00:29:11", "text": "Uh"}, {"start": "00:29:09", "end": "00:29:14", "text": "so the catalysts are new chain novelty"}, {"start": "00:29:11", "end": "00:29:17", "text": "rapid price appreciation trading volume"}, {"start": "00:29:14", "end": "00:29:19", "text": "and viral small wallet turned million"}, {"start": "00:29:17", "end": "00:29:22", "text": "stories. Yeah I heard about that. some"}, {"start": "00:29:19", "end": "00:29:25", "text": "like some guy put like $80 in there and"}, {"start": "00:29:22", "end": "00:29:27", "text": "suppose it made two million, but again,"}, {"start": "00:29:25", "end": "00:29:29", "text": "he could have sold and if you try to"}, {"start": "00:29:27", "end": "00:29:31", "text": "cash it out, you probably dumped the"}, {"start": "00:29:29", "end": "00:29:33", "text": "entire thing. So, it's never what it"}, {"start": "00:29:31", "end": "00:29:35", "text": "seems."}, {"start": "00:29:33", "end": "00:29:37", "text": "The thesis weakens sharply, volume"}, {"start": "00:29:35", "end": "00:29:41", "text": "collapses, liquidity falls to deepen,"}, {"start": "00:29:37", "end": "00:29:44", "text": "copycats take over, etc. Just like any"}, {"start": "00:29:41", "end": "00:29:47", "text": "other meme coin. But right now it's just"}, {"start": "00:29:44", "end": "00:29:51", "text": "because it's new and people want"}, {"start": "00:29:47", "end": "00:29:55", "text": "something to like FOMO into and"}, {"start": "00:29:51", "end": "00:29:55", "text": "and I guess you know that's why"}, {"start": "00:30:44", "end": "00:30:53", "text": "Yeah, it's kind of like one of those"}, {"start": "00:30:48", "end": "00:30:56", "text": "one of those times where it's uh it's"}, {"start": "00:30:53", "end": "00:30:58", "text": "kind of boring, kind of stale, but this"}, {"start": "00:30:56", "end": "00:31:01", "text": "is where money is made. Honestly, all"}, {"start": "00:30:58", "end": "00:31:03", "text": "the previous crypto winter bottoms, same"}, {"start": "00:31:01", "end": "00:31:06", "text": "thing. You just have like months and"}, {"start": "00:31:03", "end": "00:31:08", "text": "months of nothingness. seems like"}, {"start": "00:31:06", "end": "00:31:10", "text": "nothing ever moves."}, {"start": "00:31:08", "end": "00:31:12", "text": "But then that's,"}, {"start": "00:31:10", "end": "00:31:15", "text": "you know, that's when you're supposed to"}, {"start": "00:31:12", "end": "00:31:17", "text": "take advantage. That's when,"}, {"start": "00:31:15", "end": "00:31:18", "text": "you know, after the fact, you're like,"}, {"start": "00:31:17", "end": "00:31:21", "text": "man,"}, {"start": "00:31:18", "end": "00:31:26", "text": "had I bought,"}, {"start": "00:31:21", "end": "00:31:28", "text": "okay, I would have made a lot of money."}, {"start": "00:31:26", "end": "00:31:33", "text": "I don't know if we go back. I don't know"}, {"start": "00:31:28", "end": "00:31:36", "text": "my charts actually go back that far but"}, {"start": "00:31:33", "end": "00:31:39", "text": "but like bottom right here"}, {"start": "00:31:36", "end": "00:31:43", "text": "15 16 17k"}, {"start": "00:31:39", "end": "00:31:46", "text": "right there right same thing months and"}, {"start": "00:31:43", "end": "00:31:48", "text": "months you're like ah I don't know maybe"}, {"start": "00:31:46", "end": "00:31:50", "text": "it'll fall back down and then like you"}, {"start": "00:31:48", "end": "00:31:52", "text": "know this afterwards obviously you have"}, {"start": "00:31:50", "end": "00:31:54", "text": "to zoom out"}, {"start": "00:31:52", "end": "00:31:59", "text": "to see that and you only notice that"}, {"start": "00:31:54", "end": "00:32:00", "text": "after the fact right But,"}, {"start": "00:31:59", "end": "00:32:04", "text": "you know, we're in one of those periods"}, {"start": "00:32:00", "end": "00:32:04", "text": "right now."}, {"start": "00:32:26", "end": "00:32:33", "text": "Bitcoin whale moves 180 million for the"}, {"start": "00:32:29", "end": "00:32:35", "text": "first time in seven years."}, {"start": "00:32:33", "end": "00:32:38", "text": "Someone says Bitcoin is going to"}, {"start": "00:32:35", "end": "00:32:40", "text": "500,000. History is about to repeat."}, {"start": "00:32:38", "end": "00:32:43", "text": "Tighten your seat belts. Well, that"}, {"start": "00:32:40", "end": "00:32:45", "text": "sounds pretty good. Robin Hood chain"}, {"start": "00:32:43", "end": "00:32:48", "text": "surges in the top five by DEX volume. I"}, {"start": "00:32:45", "end": "00:32:52", "text": "just covered why."}, {"start": "00:32:48", "end": "00:32:56", "text": "uh SBI to launch stable coin with"}, {"start": "00:32:52", "end": "00:32:58", "text": "lending. Micro strategy raises"}, {"start": "00:32:56", "end": "00:33:04", "text": "467 million in cash. I covered that"}, {"start": "00:32:58", "end": "00:33:04", "text": "story. Leave stash of Bitcoin unsold."}, {"start": "00:33:06", "end": "00:33:10", "text": "Cover most of this"}, {"start": "00:33:11", "end": "00:33:16", "text": "Bitcoin bull market to begin in"}, {"start": "00:33:13", "end": "00:33:20", "text": "September."}, {"start": "00:33:16", "end": "00:33:20", "text": "That's according to Cointelegraph."}, {"start": "00:33:24", "end": "00:33:28", "text": "Anything interesting in world markets?"}, {"start": "00:33:30", "end": "00:33:33", "text": "Not really."}, {"start": "00:33:43", "end": "00:33:46", "text": "Anything"}, {"start": "00:33:50", "end": "00:33:55", "text": "interesting in AI space right now? Not"}, {"start": "00:33:53", "end": "00:33:58", "text": "really either. It was all last week."}, {"start": "00:33:55", "end": "00:34:00", "text": "Last week we had so many new models."}, {"start": "00:33:58", "end": "00:34:03", "text": "I was really really excited over last"}, {"start": "00:34:00", "end": "00:34:06", "text": "week, but this this weekend I just been"}, {"start": "00:34:03", "end": "00:34:08", "text": "using the new GBD56 to code like crazy"}, {"start": "00:34:06", "end": "00:34:13", "text": "on Assash. They they kept resetting"}, {"start": "00:34:08", "end": "00:34:13", "text": "limits too. So that was really good."}, {"start": "00:34:14", "end": "00:34:21", "text": "Yeah, nothing nothing like really stands"}, {"start": "00:34:16", "end": "00:34:21", "text": "out this morning. I'll be honest."}, {"start": "00:34:47", "end": "00:34:53", "text": "September's Pokemon bull market start."}, {"start": "00:34:51", "end": "00:34:56", "text": "30th celebration will go crazy. I have"}, {"start": "00:34:53", "end": "00:34:58", "text": "not been keeping up with Pokemon."}, {"start": "00:34:56", "end": "00:35:01", "text": "I think most people are not, but the"}, {"start": "00:34:58", "end": "00:35:04", "text": "ones that are,"}, {"start": "00:35:01", "end": "00:35:06", "text": "it's going to be crazy. Just like sports"}, {"start": "00:35:04", "end": "00:35:08", "text": "cards. Sports cards are kind of crazy,"}, {"start": "00:35:06", "end": "00:35:11", "text": "too."}, {"start": "00:35:08", "end": "00:35:11", "text": "Um,"}, {"start": "00:35:13", "end": "00:35:18", "text": "maybe LeBron would go to San Antonio."}, {"start": "00:35:16", "end": "00:35:20", "text": "LeBron went to San Antonio. That'd be"}, {"start": "00:35:18", "end": "00:35:22", "text": "nuts."}, {"start": "00:35:20", "end": "00:35:23", "text": "He's probably not going there. I think"}, {"start": "00:35:22", "end": "00:35:26", "text": "the rumors are he's still gonna go to"}, {"start": "00:35:23", "end": "00:35:28", "text": "Miami or Philly. I don't think he's"}, {"start": "00:35:26", "end": "00:35:31", "text": "gonna go to Philly."}, {"start": "00:35:28", "end": "00:35:34", "text": "If I was betting, I would say Miami to"}, {"start": "00:35:31", "end": "00:35:36", "text": "play with Giannis, but I don't think"}, {"start": "00:35:34", "end": "00:35:41", "text": "they have enough firepower. I feel like"}, {"start": "00:35:36", "end": "00:35:43", "text": "they need more shooters, more like a"}, {"start": "00:35:41", "end": "00:35:45", "text": "go-to guy. LeBron at this stage cannot"}, {"start": "00:35:43", "end": "00:35:46", "text": "be the go-to guy. I think with him"}, {"start": "00:35:45", "end": "00:35:48", "text": "playing with Giannis, he's still going"}, {"start": "00:35:46", "end": "00:35:51", "text": "to be the go-to guy for a lot. So, I"}, {"start": "00:35:48", "end": "00:35:52", "text": "don't think he want that."}, {"start": "00:35:51", "end": "00:35:55", "text": "So, he probably wants to go to a young"}, {"start": "00:35:52", "end": "00:35:58", "text": "team."}, {"start": "00:35:55", "end": "00:36:01", "text": "And uh"}, {"start": "00:35:58", "end": "00:36:03", "text": "what was it? Luke Cornet like sent like"}, {"start": "00:36:01", "end": "00:36:06", "text": "a voice message to him asking him to go"}, {"start": "00:36:03", "end": "00:36:08", "text": "to San Antonio. That would be nuts if he"}, {"start": "00:36:06", "end": "00:36:11", "text": "went to San Antonio and he would for"}, {"start": "00:36:08", "end": "00:36:14", "text": "sure win another ring with San Antonio."}, {"start": "00:36:11", "end": "00:36:16", "text": "Wii took less money, you know, with his"}, {"start": "00:36:14", "end": "00:36:19", "text": "new contract."}, {"start": "00:36:16", "end": "00:36:22", "text": "And that says something. Normally young"}, {"start": "00:36:19", "end": "00:36:24", "text": "people never do that. He took a huge pay"}, {"start": "00:36:22", "end": "00:36:27", "text": "cut versus what he could have gotten."}, {"start": "00:36:24", "end": "00:36:32", "text": "and use that money, you know, hopefully"}, {"start": "00:36:27", "end": "00:36:34", "text": "to bring the other guys back."}, {"start": "00:36:32", "end": "00:36:37", "text": "We'll see."}, {"start": "00:36:34", "end": "00:36:39", "text": "We will see."}, {"start": "00:36:37", "end": "00:36:41", "text": "LeBron is not going to Minnesota, that's"}, {"start": "00:36:39", "end": "00:36:45", "text": "for sure."}, {"start": "00:36:41", "end": "00:36:45", "text": "That's the last place you would go to."}, {"start": "00:36:51", "end": "00:36:58", "text": "And Dow's starting to slide. Could turn"}, {"start": "00:36:53", "end": "00:36:58", "text": "red today. Could be a pretty red day."}, {"start": "00:37:16", "end": "00:37:23", "text": "They should just get rid of the the the"}, {"start": "00:37:19", "end": "00:37:25", "text": "Aaron Fox. He He's who really screwed"}, {"start": "00:37:23", "end": "00:37:27", "text": "them up. He's the J.R. Smith of San"}, {"start": "00:37:25", "end": "00:37:31", "text": "Antonio."}, {"start": "00:37:27", "end": "00:37:34", "text": "He made so many bad plays the la in his"}, {"start": "00:37:31", "end": "00:37:34", "text": "last few games."}, {"start": "00:37:41", "end": "00:37:48", "text": "I never like LaMelo so can't say. And I"}, {"start": "00:37:45", "end": "00:37:50", "text": "think he's go butttheads with"}, {"start": "00:37:48", "end": "00:37:53", "text": "with uh Ant-Man. I think they go"}, {"start": "00:37:50", "end": "00:37:56", "text": "butttheads for sure"}, {"start": "00:37:53", "end": "00:37:59", "text": "because they're they both need a ball."}, {"start": "00:37:56", "end": "00:38:03", "text": "LaMelo is just pure ball hog. He needs"}, {"start": "00:37:59", "end": "00:38:07", "text": "it to in order to like just jack up"}, {"start": "00:38:03", "end": "00:38:11", "text": "threes non-stop from half court."}, {"start": "00:38:07", "end": "00:38:14", "text": "And uh Edward's not like that. Mark my"}, {"start": "00:38:11", "end": "00:38:14", "text": "words."}, {"start": "00:38:18", "end": "00:38:25", "text": "Uh SpaceX has now lowered in IP IPO"}, {"start": "00:38:22", "end": "00:38:25", "text": "price. Are they really"}, {"start": "00:38:36", "end": "00:38:42", "text": "the 137 down 5% today?"}, {"start": "00:38:39", "end": "00:38:46", "text": "He and uh and Sam Alman been going back"}, {"start": "00:38:42", "end": "00:38:47", "text": "at it. He hates Sam Alman."}, {"start": "00:38:46", "end": "00:38:49", "text": "He hates him."}, {"start": "00:38:47", "end": "00:38:52", "text": "It's like the one person he hates the"}, {"start": "00:38:49", "end": "00:38:55", "text": "most. But, you know, you got to respect"}, {"start": "00:38:52", "end": "00:38:58", "text": "Elon for hating guys so much, but he"}, {"start": "00:38:55", "end": "00:39:00", "text": "still allows him to to be on X. He"}, {"start": "00:38:58", "end": "00:39:03", "text": "doesn't censor him. He doesn't filter"}, {"start": "00:39:00", "end": "00:39:06", "text": "him out, right? He's a better man than"}, {"start": "00:39:03", "end": "00:39:09", "text": "me. Like, I just I'm like, you"}, {"start": "00:39:06", "end": "00:39:11", "text": "disrespect me, you're off. That's it."}, {"start": "00:39:09", "end": "00:39:14", "text": "Elon,"}, {"start": "00:39:11", "end": "00:39:17", "text": "he may attack people. He may have"}, {"start": "00:39:14", "end": "00:39:20", "text": "enemies. and he may,"}, {"start": "00:39:17", "end": "00:39:23", "text": "you know, have very strong opinions"}, {"start": "00:39:20", "end": "00:39:26", "text": "about people and things, but the one"}, {"start": "00:39:23", "end": "00:39:29", "text": "thing is he does allow anyone to operate"}, {"start": "00:39:26", "end": "00:39:31", "text": "on X. You would figure like Sam Alman,"}, {"start": "00:39:29", "end": "00:39:34", "text": "someone he truly hates, he's suing"}, {"start": "00:39:31", "end": "00:39:34", "text": "against him."}, {"start": "00:39:34", "end": "00:39:39", "text": "He still lets him operate on X."}, {"start": "00:39:40", "end": "00:39:44", "text": "But it's mostly one way. Sam never"}, {"start": "00:39:41", "end": "00:39:47", "text": "really attacks Elon."}, {"start": "00:39:44", "end": "00:39:50", "text": "He only defends himself. I don't know."}, {"start": "00:39:47", "end": "00:39:53", "text": "Anyways, I'm not saying Sam Alman is a"}, {"start": "00:39:50", "end": "00:39:55", "text": "saint either. Seems like he has done"}, {"start": "00:39:53", "end": "00:39:57", "text": "some shady things in the past. All these"}, {"start": "00:39:55", "end": "00:39:59", "text": "guys have. All these billionaires have."}, {"start": "00:39:57", "end": "00:40:02", "text": "There's no billionaire, if you look at"}, {"start": "00:39:59", "end": "00:40:05", "text": "their history."}, {"start": "00:40:02", "end": "00:40:07", "text": "There's no billionaire that has made it"}, {"start": "00:40:05", "end": "00:40:09", "text": "to their status without like stepping"}, {"start": "00:40:07", "end": "00:40:11", "text": "over people. Let's just put it that way."}, {"start": "00:40:09", "end": "00:40:13", "text": "Maybe they didn't do shady things, but"}, {"start": "00:40:11", "end": "00:40:16", "text": "they had to step on a lot of heads to"}, {"start": "00:40:13", "end": "00:40:18", "text": "get to where they are."}, {"start": "00:40:16", "end": "00:40:21", "text": "And you could argue those stepping over"}, {"start": "00:40:18", "end": "00:40:26", "text": "people, right? Kind of gray, kind of"}, {"start": "00:40:21", "end": "00:40:28", "text": "shady, kind of nefarious. I don't know."}, {"start": "00:40:26", "end": "00:40:31", "text": "But I just I don't think you could"}, {"start": "00:40:28", "end": "00:40:37", "text": "become a billionaire without"}, {"start": "00:40:31", "end": "00:40:37", "text": "doing that if that's what your goal is."}, {"start": "00:40:38", "end": "00:40:46", "text": "But going back to SpaceX, it is uh it is"}, {"start": "00:40:44", "end": "00:40:48", "text": "its listing price is 135. So it's not"}, {"start": "00:40:46", "end": "00:40:52", "text": "quite there yet, but it's pretty damn"}, {"start": "00:40:48", "end": "00:40:52", "text": "close. Pretty damn close."}, {"start": "00:40:55", "end": "00:41:00", "text": "But regardless, it's still the seventh"}, {"start": "00:40:57", "end": "00:41:03", "text": "largest company on the planet basically"}, {"start": "00:41:00", "end": "00:41:06", "text": "at two trillion,"}, {"start": "00:41:03", "end": "00:41:09", "text": "which is insane. which is insane versus"}, {"start": "00:41:06", "end": "00:41:12", "text": "the profit from last year which is like"}, {"start": "00:41:09", "end": "00:41:15", "text": "barely nothing"}, {"start": "00:41:12", "end": "00:41:18", "text": "to a$ two trillion dollar company and"}, {"start": "00:41:15", "end": "00:41:21", "text": "all of a sudden it made XAI and Grock"}, {"start": "00:41:18", "end": "00:41:24", "text": "and everything and X all of a sudden"}, {"start": "00:41:21", "end": "00:41:26", "text": "infinitely more valuable because he like"}, {"start": "00:41:24", "end": "00:41:28", "text": "reverse merged them all."}, {"start": "00:41:26", "end": "00:41:31", "text": "It's a brilliant move if you think about"}, {"start": "00:41:28", "end": "00:41:31", "text": "it."}, {"start": "00:41:39", "end": "00:41:42", "text": "Did I bet on Connor? No. I didn't even"}, {"start": "00:41:41", "end": "00:41:45", "text": "know that the fight was going on, but I"}, {"start": "00:41:42", "end": "00:41:47", "text": "saw what a disgrace it was afterwards."}, {"start": "00:41:45", "end": "00:41:51", "text": "He should have never walked out into the"}, {"start": "00:41:47", "end": "00:41:54", "text": "octagon. It was obvious that he already"}, {"start": "00:41:51", "end": "00:41:56", "text": "had knee problems. Something happened."}, {"start": "00:41:54", "end": "00:42:00", "text": "Even when he was taking off his shoe, he"}, {"start": "00:41:56", "end": "00:42:01", "text": "kind of like stumbled a little bit, you"}, {"start": "00:42:00", "end": "00:42:04", "text": "know."}, {"start": "00:42:01", "end": "00:42:06", "text": "He just wasted everyone's time and he"}, {"start": "00:42:04", "end": "00:42:09", "text": "still took in like 30 million or"}, {"start": "00:42:06", "end": "00:42:12", "text": "whatever the UFC, you know, guaranteed"}, {"start": "00:42:09", "end": "00:42:12", "text": "him."}, {"start": "00:42:13", "end": "00:42:15", "text": "It's pretty obvious they should have"}, {"start": "00:42:14", "end": "00:42:17", "text": "called that off. I mean, he should have"}, {"start": "00:42:15", "end": "00:42:19", "text": "called it off or postponed it. Just said"}, {"start": "00:42:17", "end": "00:42:21", "text": "he was injured. He's claiming that, you"}, {"start": "00:42:19", "end": "00:42:23", "text": "know, he was fine. He doesn't know what"}, {"start": "00:42:21", "end": "00:42:26", "text": "happened, but like it was pretty obvious"}, {"start": "00:42:23", "end": "00:42:30", "text": "his knee kept buckling."}, {"start": "00:42:26", "end": "00:42:33", "text": "So, I didn't"}, {"start": "00:42:30", "end": "00:42:33", "text": "Yeah."}, {"start": "00:42:34", "end": "00:42:38", "text": "Not Not sure what to think about that."}, {"start": "00:42:52", "end": "00:42:54", "text": "All"}, {"start": "00:43:05", "end": "00:43:09", "text": "right, guys."}, {"start": "00:43:10", "end": "00:43:14", "text": "I'll let you go."}, {"start": "00:43:14", "end": "00:43:19", "text": "Mustafa says immediate recommendation if"}, {"start": "00:43:17", "end": "00:43:23", "text": "you ran older version of Grock Grock"}, {"start": "00:43:19", "end": "00:43:26", "text": "build CR CLI locally"}, {"start": "00:43:23", "end": "00:43:28", "text": "uh you should treat yeah I just saw a"}, {"start": "00:43:26", "end": "00:43:30", "text": "tweet about that how it like uploads all"}, {"start": "00:43:28", "end": "00:43:34", "text": "of your repo including your credentials"}, {"start": "00:43:30", "end": "00:43:36", "text": "into Grock systems for training I saw"}, {"start": "00:43:34", "end": "00:43:39", "text": "something like that move I think all of"}, {"start": "00:43:36", "end": "00:43:40", "text": "them do that anyways but like there's"}, {"start": "00:43:39", "end": "00:43:42", "text": "just more attention on Grock build"}, {"start": "00:43:40", "end": "00:43:46", "text": "because it's part of Grock and it's with"}, {"start": "00:43:42", "end": "00:43:49", "text": "Elon. But yeah, generally I don't care"}, {"start": "00:43:46", "end": "00:43:51", "text": "because they already see billions and"}, {"start": "00:43:49", "end": "00:43:54", "text": "billions of billions of lines of data"}, {"start": "00:43:51", "end": "00:43:57", "text": "every day. So my integrating there and"}, {"start": "00:43:54", "end": "00:43:59", "text": "nothing I do on Clash on Ask Clash is"}, {"start": "00:43:57", "end": "00:44:03", "text": "that proprietary anyways. So I don't"}, {"start": "00:43:59", "end": "00:44:04", "text": "really mind. But I could see how"}, {"start": "00:44:03", "end": "00:44:08", "text": "uh if you're working on something very"}, {"start": "00:44:04", "end": "00:44:10", "text": "very proprietary, very very sensitive"}, {"start": "00:44:08", "end": "00:44:13", "text": "state secrets, you don't want to just"}, {"start": "00:44:10", "end": "00:44:16", "text": "use any random CLI or random LM that"}, {"start": "00:44:13", "end": "00:44:19", "text": "will be tracking everything and looking"}, {"start": "00:44:16", "end": "00:44:24", "text": "at everything. Um"}, {"start": "00:44:19", "end": "00:44:27", "text": "because they do they do"}, {"start": "00:44:24", "end": "00:44:30", "text": "but good advice. Anyways,"}, {"start": "00:44:27", "end": "00:44:34", "text": "stay strong, my friends. Today"}, {"start": "00:44:30", "end": "00:44:36", "text": "we're off starting out"}, {"start": "00:44:34", "end": "00:44:39", "text": "red, I guess."}, {"start": "00:44:36", "end": "00:44:42", "text": "Okay, US market trying to recover. We're"}, {"start": "00:44:39", "end": "00:44:44", "text": "coming up a little bit, but overall"}, {"start": "00:44:42", "end": "00:44:47", "text": "really red because Asian markets,"}, {"start": "00:44:44", "end": "00:44:50", "text": "because of the war situation,"}, {"start": "00:44:47", "end": "00:44:52", "text": "things are not getting better on those"}, {"start": "00:44:50", "end": "00:44:53", "text": "fronts,"}, {"start": "00:44:52", "end": "00:44:55", "text": "but we're starting to see a little"}, {"start": "00:44:53", "end": "00:44:58", "text": "capital rotation back into Bitcoin,"}, {"start": "00:44:55", "end": "00:45:01", "text": "which is good. ETF inflow was green on"}, {"start": "00:44:58", "end": "00:45:02", "text": "Friday. Liquidity also went up. And"}, {"start": "00:45:01", "end": "00:45:07", "text": "obviously, we have a lot of metrics"}, {"start": "00:45:02", "end": "00:45:13", "text": "showing we're low, low, low right now."}, {"start": "00:45:07", "end": "00:45:15", "text": "Okay. So, stay strong, my friends."}, {"start": "00:45:13", "end": "00:45:18", "text": "Go utilize Ask Clash as much as you can."}, {"start": "00:45:15", "end": "00:45:20", "text": "Utilize the new research reports."}, {"start": "00:45:18", "end": "00:45:24", "text": "Utilize everything that I have built for"}, {"start": "00:45:20", "end": "00:45:26", "text": "you guys, which is still mostly free and"}, {"start": "00:45:24", "end": "00:45:28", "text": "very little people actually hit the"}, {"start": "00:45:26", "end": "00:45:30", "text": "limits I've set."}, {"start": "00:45:28", "end": "00:45:33", "text": "But check it all out, guys. Have a good"}, {"start": "00:45:30", "end": "00:45:35", "text": "one, and I'll see you guys later. Take"}, {"start": "00:45:33", "end": "00:45:35", "text": "care."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Welcome back to another Sunday video."}, {"start": "00:00:03", "end": "00:00:10", "text": "Overall, this weekend has been pretty"}, {"start": "00:00:05", "end": "00:00:12", "text": "quiet and moving into this coming week,"}, {"start": "00:00:10", "end": "00:00:15", "text": "it also feels kind of quiet. There's a"}, {"start": "00:00:12", "end": "00:00:19", "text": "few things I want to discuss, a few"}, {"start": "00:00:15", "end": "00:00:22", "text": "things to show you guys that uh that is"}, {"start": "00:00:19", "end": "00:00:25", "text": "interesting. So, let's talk about it."}, {"start": "00:00:22", "end": "00:00:28", "text": "Right now, as you can see, the futures"}, {"start": "00:00:25", "end": "00:00:31", "text": "market is quite red. Okay, last week it"}, {"start": "00:00:28", "end": "00:00:35", "text": "was a kind of a mixed week. Overall it"}, {"start": "00:00:31", "end": "00:00:37", "text": "was I think better than uh for the most"}, {"start": "00:00:35", "end": "00:00:40", "text": "part better than than worse. Okay, but"}, {"start": "00:00:37", "end": "00:00:42", "text": "right now there are more fears about"}, {"start": "00:00:40", "end": "00:00:45", "text": "this"}, {"start": "00:00:42", "end": "00:00:48", "text": "even though there is more ceasefire"}, {"start": "00:00:45", "end": "00:00:50", "text": "talks. At least that's what Trump says."}, {"start": "00:00:48", "end": "00:00:53", "text": "But there are more air strikes left and"}, {"start": "00:00:50", "end": "00:00:56", "text": "right and oil prices rising up. That's"}, {"start": "00:00:53", "end": "00:00:58", "text": "what's causing uh a little bit of"}, {"start": "00:00:56", "end": "00:01:01", "text": "tension right now. Okay. So, that is"}, {"start": "00:00:58", "end": "00:01:03", "text": "what we're facing going into tomorrow."}, {"start": "00:01:01", "end": "00:01:05", "text": "Though these numbers can change very"}, {"start": "00:01:03", "end": "00:01:09", "text": "very quickly. If you look at Asia right"}, {"start": "00:01:05", "end": "00:01:12", "text": "now, Asia isn't doing too bad, but you"}, {"start": "00:01:09", "end": "00:01:16", "text": "know that this can flip really really"}, {"start": "00:01:12", "end": "00:01:19", "text": "quickly. So, we'll see. We'll see what's"}, {"start": "00:01:16", "end": "00:01:20", "text": "going to happen. Now, as for Bitcoin"}, {"start": "00:01:19", "end": "00:01:23", "text": "right now, it's sitting pretty good. It"}, {"start": "00:01:20", "end": "00:01:26", "text": "was just at 64,000. So like I said"}, {"start": "00:01:23", "end": "00:01:30", "text": "overall this weekend pretty just just"}, {"start": "00:01:26", "end": "00:01:34", "text": "sideways actually since Friday till now"}, {"start": "00:01:30", "end": "00:01:37", "text": "as you can see pretty sideways. Alts h"}, {"start": "00:01:34", "end": "00:01:39", "text": "kind of holding soul was at 80 came down"}, {"start": "00:01:37", "end": "00:01:42", "text": "a little bit. ETH you know actually up"}, {"start": "00:01:39", "end": "00:01:46", "text": "today. So overall more or less sideways"}, {"start": "00:01:42", "end": "00:01:49", "text": "movement. However, okay, uh if you look"}, {"start": "00:01:46", "end": "00:01:51", "text": "at if you look at what's happening right"}, {"start": "00:01:49", "end": "00:01:54", "text": "now, right, like I said, we've been"}, {"start": "00:01:51", "end": "00:01:58", "text": "going sideways for a little bit, but"}, {"start": "00:01:54", "end": "00:02:01", "text": "according to my AI chart, we can"}, {"start": "00:01:58", "end": "00:02:03", "text": "certainly break above if we can break"}, {"start": "00:02:01", "end": "00:02:06", "text": "above 647. That's kind of like our"}, {"start": "00:02:03", "end": "00:02:09", "text": "resistance. And we've been here for a"}, {"start": "00:02:06", "end": "00:02:12", "text": "long time. We just need a little bit,"}, {"start": "00:02:09", "end": "00:02:13", "text": "just a little push upwards, okay? and"}, {"start": "00:02:12", "end": "00:02:15", "text": "then we could be good. Like right now,"}, {"start": "00:02:13", "end": "00:02:17", "text": "if you're looking at like a short time"}, {"start": "00:02:15", "end": "00:02:20", "text": "frame, we're just kind of stuck between"}, {"start": "00:02:17", "end": "00:02:22", "text": "this range, right? So, we just need that"}, {"start": "00:02:20", "end": "00:02:24", "text": "little push. We're not overbought. We're"}, {"start": "00:02:22", "end": "00:02:27", "text": "not oversold."}, {"start": "00:02:24", "end": "00:02:30", "text": "We're just looking for that little push"}, {"start": "00:02:27", "end": "00:02:33", "text": "and that can certainly happen. We get"}, {"start": "00:02:30", "end": "00:02:35", "text": "some good news, right? Uh I did notice"}, {"start": "00:02:33", "end": "00:02:38", "text": "that the ETF"}, {"start": "00:02:35", "end": "00:02:42", "text": "inflow did turn positive. So, you know,"}, {"start": "00:02:38", "end": "00:02:43", "text": "after all this red, we finally had three"}, {"start": "00:02:42", "end": "00:02:46", "text": "good days, two bad days, and then"}, {"start": "00:02:43", "end": "00:02:48", "text": "finally a good day, plus 90 million. And"}, {"start": "00:02:46", "end": "00:02:50", "text": "then if you look at ETH, plus 18"}, {"start": "00:02:48", "end": "00:02:53", "text": "million, which is good. More more greens"}, {"start": "00:02:50", "end": "00:02:55", "text": "overall recently than red. And then if"}, {"start": "00:02:53", "end": "00:02:58", "text": "you look at soul, just a little bit. And"}, {"start": "00:02:55", "end": "00:03:00", "text": "XRP, XRP is still not looking the"}, {"start": "00:02:58", "end": "00:03:03", "text": "greatest, but the others did flow. And"}, {"start": "00:03:00", "end": "00:03:07", "text": "then also, if you look at liquidity too,"}, {"start": "00:03:03", "end": "00:03:12", "text": "um, where is it? One day 135"}, {"start": "00:03:07", "end": "00:03:15", "text": "that's million million last 7 days also."}, {"start": "00:03:12", "end": "00:03:17", "text": "So for an entire week we actually added"}, {"start": "00:03:15", "end": "00:03:19", "text": "which is good. So some of that money is"}, {"start": "00:03:17", "end": "00:03:21", "text": "starting to flow in. Now if you look at"}, {"start": "00:03:19", "end": "00:03:24", "text": "the last month still no good but this"}, {"start": "00:03:21", "end": "00:03:27", "text": "was a lot higher. This was at like -7"}, {"start": "00:03:24", "end": "00:03:30", "text": "billion. So some of the money is"}, {"start": "00:03:27", "end": "00:03:34", "text": "starting to rotate back in slowly. ETF"}, {"start": "00:03:30", "end": "00:03:37", "text": "inflows not so negative anymore. So,"}, {"start": "00:03:34", "end": "00:03:40", "text": "that's good. And tomorrow, we'll see"}, {"start": "00:03:37", "end": "00:03:44", "text": "what this means. Okay. Sailor usually"}, {"start": "00:03:40", "end": "00:03:47", "text": "posts this when he wants to buy, but"}, {"start": "00:03:44", "end": "00:03:51", "text": "last week he did sell. Okay. He sold a"}, {"start": "00:03:47", "end": "00:03:53", "text": "lot. If you look at Sailor Tracker, he"}, {"start": "00:03:51", "end": "00:03:56", "text": "sold like almost 1,400 Bitcoin, but"}, {"start": "00:03:53", "end": "00:03:58", "text": "obviously he's still holding"}, {"start": "00:03:56", "end": "00:04:02", "text": "uh"}, {"start": "00:03:58", "end": "00:04:05", "text": "this much. Okay, he is down right now,"}, {"start": "00:04:02", "end": "00:04:08", "text": "but he he hinted something's going to"}, {"start": "00:04:05", "end": "00:04:10", "text": "happen. Orange dots tell only part of"}, {"start": "00:04:08", "end": "00:04:14", "text": "the story."}, {"start": "00:04:10", "end": "00:04:16", "text": "I don't know. Kind of cryptic. And it"}, {"start": "00:04:14", "end": "00:04:18", "text": "could also mean that"}, {"start": "00:04:16", "end": "00:04:23", "text": "uh there's other kind of thoughts. Maybe"}, {"start": "00:04:18", "end": "00:04:26", "text": "his, you know, his uh fund or his"}, {"start": "00:04:23", "end": "00:04:28", "text": "dividend reserves or just overall"}, {"start": "00:04:26", "end": "00:04:31", "text": "reserves. So, we'll see tomorrow if he"}, {"start": "00:04:28", "end": "00:04:33", "text": "actually reverses, he buys some Bitcoin"}, {"start": "00:04:31", "end": "00:04:37", "text": "or he does something else that is a"}, {"start": "00:04:33", "end": "00:04:40", "text": "surprise or he sells more Bitcoin, which"}, {"start": "00:04:37", "end": "00:04:42", "text": "is not something that we want, right?"}, {"start": "00:04:40", "end": "00:04:45", "text": "So, there's also this kind of cryptic"}, {"start": "00:04:42", "end": "00:04:47", "text": "thing going on. So, we'll see. We'll"}, {"start": "00:04:45", "end": "00:04:49", "text": "see. Outside of this, there is a lot of"}, {"start": "00:04:47", "end": "00:04:51", "text": "bickering. For those of you guys that"}, {"start": "00:04:49", "end": "00:04:54", "text": "have been paying attention, Elon and Sam"}, {"start": "00:04:51", "end": "00:04:59", "text": "Alman have been going at it because"}, {"start": "00:04:54", "end": "00:05:00", "text": "Apple filed a lawsuit against uh Open AI"}, {"start": "00:04:59", "end": "00:05:03", "text": "saying that they're stealing trade"}, {"start": "00:05:00", "end": "00:05:05", "text": "secrets. They're hiring their people and"}, {"start": "00:05:03", "end": "00:05:08", "text": "stealing trade secrets about hardware"}, {"start": "00:05:05", "end": "00:05:10", "text": "and Apple does not like it and Elon"}, {"start": "00:05:08", "end": "00:05:12", "text": "takes any opportunity to go after Sam"}, {"start": "00:05:10", "end": "00:05:15", "text": "Alman."}, {"start": "00:05:12", "end": "00:05:18", "text": "So you can see this Doge designer, okay,"}, {"start": "00:05:15", "end": "00:05:22", "text": "posted about it and then Elon said this."}, {"start": "00:05:18", "end": "00:05:24", "text": "Scam Alman strikes again. He loves to"}, {"start": "00:05:22", "end": "00:05:27", "text": "stir a bot and he hates Sam Alman. And"}, {"start": "00:05:24", "end": "00:05:28", "text": "then Sam Alman"}, {"start": "00:05:27", "end": "00:05:30", "text": "uh replied back, \"Homeboy, you're the"}, {"start": "00:05:28", "end": "00:05:35", "text": "one selling public market investors on"}, {"start": "00:05:30", "end": "00:05:37", "text": "short-term space data centers.\" And then"}, {"start": "00:05:35", "end": "00:05:39", "text": "Elon tweeted this. We start flying them"}, {"start": "00:05:37", "end": "00:05:41", "text": "next year. Maybe you can come and see"}, {"start": "00:05:39", "end": "00:05:43", "text": "your pro officer approves after stealing"}, {"start": "00:05:41", "end": "00:05:45", "text": "an open- source AI charity. You then"}, {"start": "00:05:43", "end": "00:05:49", "text": "stole all of Apple phones technology."}, {"start": "00:05:45", "end": "00:05:51", "text": "Wow. What do you plan for Encore? That's"}, {"start": "00:05:49", "end": "00:05:52", "text": "tough to beat. So, they're going at it."}, {"start": "00:05:51", "end": "00:05:54", "text": "I think they're still suing each other"}, {"start": "00:05:52", "end": "00:05:59", "text": "left and right. And Elon is really mad"}, {"start": "00:05:54", "end": "00:06:01", "text": "that OpenAI went from open um a"}, {"start": "00:05:59", "end": "00:06:03", "text": "nonprofit to a profit company. So, he's"}, {"start": "00:06:01", "end": "00:06:06", "text": "still salty about that. And the two are"}, {"start": "00:06:03", "end": "00:06:09", "text": "battling out. And you know, who knows?"}, {"start": "00:06:06", "end": "00:06:11", "text": "When Anthropic does IPO, it could be"}, {"start": "00:06:09", "end": "00:06:14", "text": "even bigger than SpaceX at this point."}, {"start": "00:06:11", "end": "00:06:16", "text": "SpaceX has not been doing well. But"}, {"start": "00:06:14", "end": "00:06:19", "text": "that's understandable. Like I said, it"}, {"start": "00:06:16", "end": "00:06:21", "text": "was too overhyped. Uh and the first few"}, {"start": "00:06:19", "end": "00:06:22", "text": "days, the trading activity and volume"}, {"start": "00:06:21", "end": "00:06:25", "text": "was just too high. It was bound to come"}, {"start": "00:06:22", "end": "00:06:30", "text": "down and and it did, right? But we'll"}, {"start": "00:06:25", "end": "00:06:35", "text": "see. Um but on my front"}, {"start": "00:06:30", "end": "00:06:40", "text": "uh on my front I have been using GBT 5.6"}, {"start": "00:06:35", "end": "00:06:43", "text": "a lot but also Gro 4.5 these models both"}, {"start": "00:06:40", "end": "00:06:46", "text": "came out one from Elon from XAI from"}, {"start": "00:06:43", "end": "00:06:48", "text": "SpaceX and one from Open AAI and these"}, {"start": "00:06:46", "end": "00:06:50", "text": "two are among the premier frontier"}, {"start": "00:06:48", "end": "00:06:53", "text": "models we have right now. I don't even"}, {"start": "00:06:50", "end": "00:06:56", "text": "like Fable. It's too expensive. And"}, {"start": "00:06:53", "end": "00:06:58", "text": "honestly, even though the overall score"}, {"start": "00:06:56", "end": "00:07:03", "text": "is a little bit higher, the GBD 5.6"}, {"start": "00:06:58", "end": "00:07:07", "text": "Soul, Soul is a awesome, awesome LM. And"}, {"start": "00:07:03", "end": "00:07:08", "text": "Grock 4.5 is an awesome LM. I just use"}, {"start": "00:07:07", "end": "00:07:11", "text": "these two. I don't use anything from"}, {"start": "00:07:08", "end": "00:07:14", "text": "Claude anymore, honestly. GBT 5.5 kind"}, {"start": "00:07:11", "end": "00:07:17", "text": "of sucks. Uh there's others like Meta"}, {"start": "00:07:14", "end": "00:07:21", "text": "that came out with theirs. Composer, GP,"}, {"start": "00:07:17", "end": "00:07:23", "text": "uh, GLM. These are all still good LMS,"}, {"start": "00:07:21", "end": "00:07:25", "text": "but these two rock. So, for those of you"}, {"start": "00:07:23", "end": "00:07:27", "text": "guys that are into vibe coding, you"}, {"start": "00:07:25", "end": "00:07:29", "text": "know, I have the AI leaderboard, but you"}, {"start": "00:07:27", "end": "00:07:33", "text": "could take a look at that. And also, I"}, {"start": "00:07:29", "end": "00:07:35", "text": "created a new benchmarks page for all"}, {"start": "00:07:33", "end": "00:07:39", "text": "the frontier models and you can compare"}, {"start": "00:07:35", "end": "00:07:41", "text": "them like this. A lot of cool data here,"}, {"start": "00:07:39", "end": "00:07:43", "text": "okay, that you can see and compares all"}, {"start": "00:07:41", "end": "00:07:46", "text": "the Frontier models and even all the"}, {"start": "00:07:43", "end": "00:07:49", "text": "open- source models. GBT and all these"}, {"start": "00:07:46", "end": "00:07:52", "text": "other things. Uh, open open weight"}, {"start": "00:07:49", "end": "00:07:56", "text": "models, you know, and best models under"}, {"start": "00:07:52", "end": "00:07:58", "text": "$5. Grock by far 4.5 is amazing. And by"}, {"start": "00:07:56", "end": "00:08:02", "text": "the way, all of you guys that have a"}, {"start": "00:07:58", "end": "00:08:05", "text": "blue check mark with your uh with your X"}, {"start": "00:08:02", "end": "00:08:08", "text": "subscription, you get to use Gro 4.5 for"}, {"start": "00:08:05", "end": "00:08:10", "text": "free. You do get allocation. And most"}, {"start": "00:08:08", "end": "00:08:13", "text": "people don't know that. If you go into"}, {"start": "00:08:10", "end": "00:08:17", "text": "Grock Build, which is their CLI, you do"}, {"start": "00:08:13", "end": "00:08:19", "text": "get to use Gro 4.5 for free, okay, as"}, {"start": "00:08:17", "end": "00:08:20", "text": "part of your subscription. So, I highly"}, {"start": "00:08:19", "end": "00:08:23", "text": "recommend it. Those of you guys that are"}, {"start": "00:08:20", "end": "00:08:26", "text": "trying to minimize on token cost, trying"}, {"start": "00:08:23", "end": "00:08:30", "text": "to utilize all the Frontier models. 4.5"}, {"start": "00:08:26", "end": "00:08:31", "text": "GR 4.5 is awesome, but so is GBT 56."}, {"start": "00:08:30", "end": "00:08:34", "text": "Now, other things I just want to show"}, {"start": "00:08:31", "end": "00:08:36", "text": "you guys real quick. I've updated the"}, {"start": "00:08:34", "end": "00:08:41", "text": "navigation bar a lot simpler, a lot"}, {"start": "00:08:36", "end": "00:08:43", "text": "easier to understand. You got analysis,"}, {"start": "00:08:41", "end": "00:08:45", "text": "explore, workspace."}, {"start": "00:08:43", "end": "00:08:48", "text": "Okay, I also revamped for those of you"}, {"start": "00:08:45", "end": "00:08:52", "text": "guys that are hardcore prediction guys."}, {"start": "00:08:48", "end": "00:08:55", "text": "You want to predict on your favorite um"}, {"start": "00:08:52", "end": "00:08:57", "text": "events, I have redone the whole thing."}, {"start": "00:08:55", "end": "00:08:59", "text": "Okay, before it was just Clash Pix."}, {"start": "00:08:57", "end": "00:09:03", "text": "Clash Mix is still here, but now we have"}, {"start": "00:08:59", "end": "00:09:06", "text": "Kulshi and Poly Market fully integrated."}, {"start": "00:09:03", "end": "00:09:09", "text": "And you get to see all the events with"}, {"start": "00:09:06", "end": "00:09:11", "text": "all the categories right in here and get"}, {"start": "00:09:09", "end": "00:09:13", "text": "your analysis and everything just looks"}, {"start": "00:09:11", "end": "00:09:15", "text": "really, really cool. And when you get"}, {"start": "00:09:13", "end": "00:09:18", "text": "analysis, this is what it looks like."}, {"start": "00:09:15", "end": "00:09:21", "text": "Okay. Will Bitcoin hit 1 million before"}, {"start": "00:09:18", "end": "00:09:24", "text": "GTA 6? 99% no. And it gives you the"}, {"start": "00:09:21", "end": "00:09:26", "text": "reasons why. Okay. And for sports, it"}, {"start": "00:09:24", "end": "00:09:29", "text": "breaks it down even more. So I did redo"}, {"start": "00:09:26", "end": "00:09:32", "text": "the predictions, okay, utilizing AI,"}, {"start": "00:09:29", "end": "00:09:34", "text": "obviously the predictions page and check"}, {"start": "00:09:32", "end": "00:09:36", "text": "it out for those of you guys that are"}, {"start": "00:09:34", "end": "00:09:40", "text": "interested. Also, I upgraded the"}, {"start": "00:09:36", "end": "00:09:42", "text": "research page quite tremendously. Okay,"}, {"start": "00:09:40", "end": "00:09:44", "text": "dramatically. You could see the samples,"}, {"start": "00:09:42", "end": "00:09:46", "text": "what things look like. Now, when you do"}, {"start": "00:09:44", "end": "00:09:49", "text": "something like a momentum, you use a"}, {"start": "00:09:46", "end": "00:09:52", "text": "momentum radar or you do a deep dive or"}, {"start": "00:09:49", "end": "00:09:54", "text": "you do, you know, a portfolio scan of"}, {"start": "00:09:52", "end": "00:09:56", "text": "your portfolio. It gives you samples and"}, {"start": "00:09:54", "end": "00:09:59", "text": "you can do, you know, this is what a"}, {"start": "00:09:56", "end": "00:10:02", "text": "report looks like. A lot more visuals, a"}, {"start": "00:09:59", "end": "00:10:05", "text": "lot more informative. Before it was all"}, {"start": "00:10:02", "end": "00:10:09", "text": "text. Now, a lot more charts, graphs,"}, {"start": "00:10:05", "end": "00:10:11", "text": "diagrams, and just really easy for you"}, {"start": "00:10:09", "end": "00:10:12", "text": "guys to understand for for those of you"}, {"start": "00:10:11", "end": "00:10:15", "text": "guys that are interested in learning"}, {"start": "00:10:12", "end": "00:10:18", "text": "more. And by the way, even free users,"}, {"start": "00:10:15", "end": "00:10:21", "text": "all of you guys can run one of these per"}, {"start": "00:10:18", "end": "00:10:23", "text": "day, okay? So, that you could utilize"}, {"start": "00:10:21", "end": "00:10:26", "text": "this as well. Uh but obviously"}, {"start": "00:10:23", "end": "00:10:31", "text": "subscribers they get a lot more usage"}, {"start": "00:10:26", "end": "00:10:34", "text": "and most things on asslash are free with"}, {"start": "00:10:31", "end": "00:10:36", "text": "very very generous limits. So I do"}, {"start": "00:10:34", "end": "00:10:39", "text": "recommend you guys to still go on and"}, {"start": "00:10:36", "end": "00:10:41", "text": "utilize it as much as possible to get"}, {"start": "00:10:39", "end": "00:10:45", "text": "educated and to stay in the game and to"}, {"start": "00:10:41", "end": "00:10:48", "text": "learn new things. Okay, that's pretty"}, {"start": "00:10:45", "end": "00:10:50", "text": "much it, guys. I'm going to get back to"}, {"start": "00:10:48", "end": "00:10:52", "text": "it this week. I don't know how it's"}, {"start": "00:10:50", "end": "00:10:55", "text": "going to go. It could be rocky. Let's"}, {"start": "00:10:52", "end": "00:10:58", "text": "see how Asia ends up and let's see what"}, {"start": "00:10:55", "end": "00:11:01", "text": "happens with this warfront. If there's a"}, {"start": "00:10:58", "end": "00:11:05", "text": "ceasefire or escalation of the missiles,"}, {"start": "00:11:01", "end": "00:11:07", "text": "I don't know, but"}, {"start": "00:11:05", "end": "00:11:09", "text": "we'll see."}, {"start": "00:11:07", "end": "00:11:11", "text": "Usual time as always. Okay. 8:30 a.m."}, {"start": "00:11:09", "end": "00:11:15", "text": "Central Standard Time, guys. Have a good"}, {"start": "00:11:11", "end": "00:11:15", "text": "one. Take care. Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:08", "text": "Welcome back, excuse me, to cryptos are"}, {"start": "00:00:06", "end": "00:00:11", "text": "us. I'm George."}, {"start": "00:00:08", "end": "00:00:15", "text": "We're all George. Welcome to another"}, {"start": "00:00:11", "end": "00:00:18", "text": "market open stream. Happy Friday, by the"}, {"start": "00:00:15", "end": "00:00:20", "text": "way. It's looking pretty darn green"}, {"start": "00:00:18", "end": "00:00:24", "text": "today for crypto at least. And we'll see"}, {"start": "00:00:20", "end": "00:00:26", "text": "about stocks. So, let's look at what's"}, {"start": "00:00:24", "end": "00:00:28", "text": "going on today. Everything that's going"}, {"start": "00:00:26", "end": "00:00:33", "text": "on in the world"}, {"start": "00:00:28", "end": "00:00:34", "text": "and talk about this Bitcoin bullish"}, {"start": "00:00:33", "end": "00:00:37", "text": "buildup."}, {"start": "00:00:34", "end": "00:00:37", "text": "All right,"}, {"start": "00:00:38", "end": "00:00:43", "text": "let's do it. Let's do it, guys. Welcome,"}, {"start": "00:00:41", "end": "00:00:46", "text": "welcome, welcome."}, {"start": "00:00:43", "end": "00:00:49", "text": "And I am live streaming on"}, {"start": "00:00:46", "end": "00:00:53", "text": "Twitter again. It does seem like that is"}, {"start": "00:00:49", "end": "00:00:57", "text": "going now. Um,"}, {"start": "00:00:53", "end": "00:00:59", "text": "yeah, we're starting out the day at 642."}, {"start": "00:00:57", "end": "00:01:03", "text": "Pretty good obviously since the"}, {"start": "00:00:59", "end": "00:01:06", "text": "beginning of July right here, 57 all the"}, {"start": "00:01:03", "end": "00:01:10", "text": "way to 64,000."}, {"start": "00:01:06", "end": "00:01:12", "text": "So, coming back slowly. And if you're"}, {"start": "00:01:10", "end": "00:01:15", "text": "looking at the key levels here, the"}, {"start": "00:01:12", "end": "00:01:18", "text": "breakout target, the one that we want to"}, {"start": "00:01:15", "end": "00:01:21", "text": "hit and break, it's about 66,000. We saw"}, {"start": "00:01:18", "end": "00:01:25", "text": "that like mid mid June and we were"}, {"start": "00:01:21", "end": "00:01:29", "text": "unable to really do anything above that"}, {"start": "00:01:25", "end": "00:01:31", "text": "point but we get through it this time be"}, {"start": "00:01:29", "end": "00:01:33", "text": "absolutely fantastic. So we're starting"}, {"start": "00:01:31", "end": "00:01:35", "text": "out a day green and looking at US"}, {"start": "00:01:33", "end": "00:01:37", "text": "markets here"}, {"start": "00:01:35", "end": "00:01:41", "text": "looks like"}, {"start": "00:01:37", "end": "00:01:43", "text": "green so far. Green so far. And why is"}, {"start": "00:01:41", "end": "00:01:47", "text": "that? Well, I guess this is still"}, {"start": "00:01:43", "end": "00:01:49", "text": "ongoing even though Trump just did say"}, {"start": "00:01:47", "end": "00:01:53", "text": "that"}, {"start": "00:01:49", "end": "00:01:57", "text": "ceasefire was over. No more talks."}, {"start": "00:01:53", "end": "00:01:59", "text": "It's it's done. But it seems like both"}, {"start": "00:01:57", "end": "00:02:02", "text": "sides are still talking. I think both"}, {"start": "00:01:59", "end": "00:02:06", "text": "sides still want an end, but it just"}, {"start": "00:02:02", "end": "00:02:08", "text": "seems like it's never ending. There's"}, {"start": "00:02:06", "end": "00:02:10", "text": "How could you have a ceasefire? How"}, {"start": "00:02:08", "end": "00:02:12", "text": "could you have a truce? How could you"}, {"start": "00:02:10", "end": "00:02:15", "text": "have the end to the war when there's"}, {"start": "00:02:12", "end": "00:02:18", "text": "like missiles still flying around? I"}, {"start": "00:02:15", "end": "00:02:20", "text": "don't quite get that. But it does seem"}, {"start": "00:02:18", "end": "00:02:23", "text": "like both sides are still talking, which"}, {"start": "00:02:20", "end": "00:02:26", "text": "is good. So oil is coming down, which is"}, {"start": "00:02:23", "end": "00:02:30", "text": "good. So markets or investors are still"}, {"start": "00:02:26", "end": "00:02:34", "text": "investing. So that's good. So"}, {"start": "00:02:30", "end": "00:02:37", "text": "I guess this is making people feel more"}, {"start": "00:02:34", "end": "00:02:41", "text": "bullish once again. Uh there's other"}, {"start": "00:02:37", "end": "00:02:42", "text": "things too for for Circle, one of the"}, {"start": "00:02:41", "end": "00:02:45", "text": "biggest stable coin out there, stable"}, {"start": "00:02:42", "end": "00:02:47", "text": "coin issuers out there, I should say,"}, {"start": "00:02:45", "end": "00:02:50", "text": "got the green light to operate as a"}, {"start": "00:02:47", "end": "00:02:51", "text": "bank. Not not with traditional fiat."}, {"start": "00:02:50", "end": "00:02:55", "text": "It's it's a weird thing. They're go"}, {"start": "00:02:51", "end": "00:02:57", "text": "operate as a bank for stable coins. So"}, {"start": "00:02:55", "end": "00:03:00", "text": "they're like the I think they're the"}, {"start": "00:02:57", "end": "00:03:03", "text": "only maybe the only one that got this"}, {"start": "00:03:00", "end": "00:03:05", "text": "license from the office of comproller."}, {"start": "00:03:03", "end": "00:03:08", "text": "Okay. So this is pretty big. Pretty big"}, {"start": "00:03:05", "end": "00:03:10", "text": "for them. They're up 12%. Obviously,"}, {"start": "00:03:08", "end": "00:03:12", "text": "they're still battling like someone like"}, {"start": "00:03:10", "end": "00:03:14", "text": "Tether and then other stable coin"}, {"start": "00:03:12", "end": "00:03:17", "text": "issuers, but this gives them a leg up at"}, {"start": "00:03:14", "end": "00:03:21", "text": "least to operate in the US."}, {"start": "00:03:17", "end": "00:03:25", "text": "So, good for them. Good for them. What"}, {"start": "00:03:21", "end": "00:03:26", "text": "else? Uh, this this could be going"}, {"start": "00:03:25", "end": "00:03:29", "text": "crazy. A lot of you guys have been"}, {"start": "00:03:26", "end": "00:03:32", "text": "following how crazy Micron has been"}, {"start": "00:03:29", "end": "00:03:36", "text": "because of memory shortage and their"}, {"start": "00:03:32", "end": "00:03:41", "text": "insane profits. Now, South Korea's um"}, {"start": "00:03:36", "end": "00:03:44", "text": "Highex is coming up in the US market,"}, {"start": "00:03:41", "end": "00:03:47", "text": "too, because they've been so so hot in"}, {"start": "00:03:44", "end": "00:03:49", "text": "Korea. So, they want more money here."}, {"start": "00:03:47", "end": "00:03:53", "text": "So, we'll see how they do once they"}, {"start": "00:03:49", "end": "00:03:55", "text": "debut. But, there is definitely a global"}, {"start": "00:03:53", "end": "00:03:58", "text": "shortage of memory. Even those of you"}, {"start": "00:03:55", "end": "00:03:59", "text": "guys that are not building AI rigs, if"}, {"start": "00:03:58", "end": "00:04:02", "text": "you're just trying to upgrade your"}, {"start": "00:03:59", "end": "00:04:06", "text": "computer or get a new laptop or get a"}, {"start": "00:04:02", "end": "00:04:09", "text": "new iMac or whatever, even a new iPad,"}, {"start": "00:04:06", "end": "00:04:11", "text": "new iPhone,"}, {"start": "00:04:09", "end": "00:04:17", "text": "prices have skyrocketed all of them"}, {"start": "00:04:11", "end": "00:04:17", "text": "because of shortage of memory."}, {"start": "00:04:17", "end": "00:04:24", "text": "So, there's that too. And then, uh, what"}, {"start": "00:04:20", "end": "00:04:26", "text": "else? Terra Terra Wolf"}, {"start": "00:04:24", "end": "00:04:28", "text": "uh I don't know if you could still call"}, {"start": "00:04:26", "end": "00:04:31", "text": "them Bitcoin miner. I think they have"}, {"start": "00:04:28", "end": "00:04:33", "text": "transisted away completely. But recently"}, {"start": "00:04:31", "end": "00:04:36", "text": "they they made a huge deal with"}, {"start": "00:04:33", "end": "00:04:39", "text": "Anthropic because uh Anthropic and"}, {"start": "00:04:36", "end": "00:04:43", "text": "everyone else needs data centers because"}, {"start": "00:04:39", "end": "00:04:46", "text": "they need to sustain their growth and uh"}, {"start": "00:04:43", "end": "00:04:50", "text": "and now Terowolf is seeking to raise 3.5"}, {"start": "00:04:46", "end": "00:04:53", "text": "billion so they can expand and then"}, {"start": "00:04:50", "end": "00:04:55", "text": "lease it to Anthropic. I'm sure they"}, {"start": "00:04:53", "end": "00:04:57", "text": "already have some kind of deal. So, it's"}, {"start": "00:04:55", "end": "00:04:59", "text": "not like they're just going to expand"}, {"start": "00:04:57", "end": "00:05:02", "text": "anthropics. So, go no, we don't want it."}, {"start": "00:04:59", "end": "00:05:05", "text": "But it's kind of crazy. Again, relates"}, {"start": "00:05:02", "end": "00:05:07", "text": "to AI infrastructure."}, {"start": "00:05:05", "end": "00:05:10", "text": "Um,"}, {"start": "00:05:07", "end": "00:05:13", "text": "and this"}, {"start": "00:05:10", "end": "00:05:16", "text": "this need just go keep on growing. It's"}, {"start": "00:05:13", "end": "00:05:20", "text": "it's just quite"}, {"start": "00:05:16", "end": "00:05:25", "text": "quite amazing. Quite amazing. All right."}, {"start": "00:05:20", "end": "00:05:28", "text": "Oh. Uh going back to Bitcoin here."}, {"start": "00:05:25", "end": "00:05:31", "text": "Yesterday unfortunately we had another"}, {"start": "00:05:28", "end": "00:05:34", "text": "outflow day."}, {"start": "00:05:31", "end": "00:05:36", "text": "You could see two days. We had three"}, {"start": "00:05:34", "end": "00:05:39", "text": "days of green and then two days of red."}, {"start": "00:05:36", "end": "00:05:39", "text": "However,"}, {"start": "00:05:40", "end": "00:05:46", "text": "uh yeah, ETH I was going to say however."}, {"start": "00:05:43", "end": "00:05:48", "text": "I thought ETH was in a green, but no."}, {"start": "00:05:46", "end": "00:05:50", "text": "ETH yesterday also had a bad day. minus"}, {"start": "00:05:48", "end": "00:05:53", "text": "52 million, breaking a streak of five"}, {"start": "00:05:50", "end": "00:05:56", "text": "consecutive green days. Unfortunately,"}, {"start": "00:05:53", "end": "00:05:58", "text": "we're starting to see more green"}, {"start": "00:05:56", "end": "00:06:03", "text": "and soul barely had a negative day at"}, {"start": "00:05:58", "end": "00:06:06", "text": "605,000 and then XRP had a bad day minus"}, {"start": "00:06:03", "end": "00:06:08", "text": "11 million yesterday. So, overall still"}, {"start": "00:06:06", "end": "00:06:11", "text": "got it mixed"}, {"start": "00:06:08", "end": "00:06:14", "text": "at least for ETF inflows,"}, {"start": "00:06:11", "end": "00:06:16", "text": "okay? or I should say ETF outflows, but"}, {"start": "00:06:14", "end": "00:06:20", "text": "there are still a lot that are making"}, {"start": "00:06:16", "end": "00:06:23", "text": "big moves despite this."}, {"start": "00:06:20", "end": "00:06:26", "text": "For example, MetaPlanet."}, {"start": "00:06:23", "end": "00:06:31", "text": "Metaplanet and several other companies"}, {"start": "00:06:26", "end": "00:06:34", "text": "in Japan, they're looking to launch some"}, {"start": "00:06:31", "end": "00:06:35", "text": "kind of Bitcoin backed digital credit"}, {"start": "00:06:34", "end": "00:06:38", "text": "product."}, {"start": "00:06:35", "end": "00:06:42", "text": "I don't know what that means because"}, {"start": "00:06:38", "end": "00:06:44", "text": "digital credit has been like"}, {"start": "00:06:42", "end": "00:06:47", "text": "coined by Michael Sailor because he"}, {"start": "00:06:44", "end": "00:06:51", "text": "calls Stretch and all the preferred"}, {"start": "00:06:47", "end": "00:06:54", "text": "shares digital credit. I don't know if"}, {"start": "00:06:51", "end": "00:06:56", "text": "that's what Metaplanet is trying to do"}, {"start": "00:06:54", "end": "00:06:59", "text": "or if they're trying to come out with"}, {"start": "00:06:56", "end": "00:07:04", "text": "other products that's backed by Bitcoin."}, {"start": "00:06:59", "end": "00:07:06", "text": "I'm not a 100% certain, but"}, {"start": "00:07:04", "end": "00:07:09", "text": "you know, may maybe it's something else,"}, {"start": "00:07:06", "end": "00:07:14", "text": "right? I hope it's something else."}, {"start": "00:07:09", "end": "00:07:17", "text": "Um, but we'll see because right now it"}, {"start": "00:07:14", "end": "00:07:20", "text": "says the pro proposed products designed"}, {"start": "00:07:17", "end": "00:07:22", "text": "for 24 by7 trading could use Bitcoin for"}, {"start": "00:07:20", "end": "00:07:25", "text": "support creditworthiness, security"}, {"start": "00:07:22", "end": "00:07:28", "text": "tokens and manage ownership, JPYC stable"}, {"start": "00:07:25", "end": "00:07:30", "text": "coin for onchain interest. sounds more"}, {"start": "00:07:28", "end": "00:07:31", "text": "like"}, {"start": "00:07:30", "end": "00:07:34", "text": "DeFi,"}, {"start": "00:07:31", "end": "00:07:36", "text": "RWA, but you know, digital credit"}, {"start": "00:07:34", "end": "00:07:40", "text": "products. It sounds like some maybe"}, {"start": "00:07:36", "end": "00:07:42", "text": "loans, I don't know, but that's kind of"}, {"start": "00:07:40", "end": "00:07:45", "text": "like what Sailor always refers to as"}, {"start": "00:07:42", "end": "00:07:48", "text": "stretch digital credit. Uh, so we'll"}, {"start": "00:07:45", "end": "00:07:49", "text": "see. Maybe they have different"}, {"start": "00:07:48", "end": "00:07:52", "text": "they have different meanings, different"}, {"start": "00:07:49", "end": "00:07:56", "text": "ideas. We will see. But someone like"}, {"start": "00:07:52", "end": "00:07:59", "text": "MetaPlanet still bullish still bullish"}, {"start": "00:07:56", "end": "00:08:02", "text": "about Bitcoin not deviant away. Haven't"}, {"start": "00:07:59", "end": "00:08:05", "text": "heard of any cells so far and they have"}, {"start": "00:08:02", "end": "00:08:09", "text": "a large treasury as well."}, {"start": "00:08:05", "end": "00:08:13", "text": "Uh you have Bit Deer,"}, {"start": "00:08:09", "end": "00:08:16", "text": "okay, to produce 10,000 seal miner"}, {"start": "00:08:13", "end": "00:08:18", "text": "Bitcoin miners per month. So they're"}, {"start": "00:08:16", "end": "00:08:22", "text": "still moving forward."}, {"start": "00:08:18", "end": "00:08:25", "text": "Not everyone in uh not everyone that's a"}, {"start": "00:08:22", "end": "00:08:30", "text": "Bitcoin miner has shifted to AI,"}, {"start": "00:08:25", "end": "00:08:32", "text": "although the ones that did have all"}, {"start": "00:08:30", "end": "00:08:35", "text": "done really well."}, {"start": "00:08:32", "end": "00:08:38", "text": "But you still have guys staying put."}, {"start": "00:08:35", "end": "00:08:41", "text": "American Bitcoin also Trump backed. They"}, {"start": "00:08:38", "end": "00:08:45", "text": "just bought what 500 Bitcoin recently"}, {"start": "00:08:41", "end": "00:08:49", "text": "too. They're not going away."}, {"start": "00:08:45", "end": "00:08:51", "text": "So good things. good things. Uh what"}, {"start": "00:08:49", "end": "00:08:54", "text": "else?"}, {"start": "00:08:51", "end": "00:08:56", "text": "According to CryptoQuant, Bitcoin spot"}, {"start": "00:08:54", "end": "00:09:00", "text": "pressure is easing as buy pressure"}, {"start": "00:08:56", "end": "00:09:03", "text": "returns short-term holder bases. Okay,"}, {"start": "00:09:00", "end": "00:09:05", "text": "so bottom line is when you have there"}, {"start": "00:09:03", "end": "00:09:10", "text": "there are a lot of metrics that show"}, {"start": "00:09:05", "end": "00:09:15", "text": "this uh sell pressure, buy pressure."}, {"start": "00:09:10", "end": "00:09:19", "text": "Okay, when you have profit and loss, you"}, {"start": "00:09:15", "end": "00:09:22", "text": "know, they kind of converge, right? What"}, {"start": "00:09:19", "end": "00:09:24", "text": "happens? That's usually a bottom signal."}, {"start": "00:09:22", "end": "00:09:28", "text": "That's exactly what that means. That's"}, {"start": "00:09:24", "end": "00:09:30", "text": "exactly what this means."}, {"start": "00:09:28", "end": "00:09:33", "text": "Sell pressure going down, buy pressure"}, {"start": "00:09:30", "end": "00:09:36", "text": "coming back. I mean, it's just it's"}, {"start": "00:09:33", "end": "00:09:37", "text": "indicating a reversal. That that's all"}, {"start": "00:09:36", "end": "00:09:40", "text": "that means. And you can see the times"}, {"start": "00:09:37", "end": "00:09:43", "text": "before where this is on a shorter time"}, {"start": "00:09:40", "end": "00:09:46", "text": "frame, but if you had one that zoomed"}, {"start": "00:09:43", "end": "00:09:49", "text": "out, it would show exactly the same"}, {"start": "00:09:46", "end": "00:09:52", "text": "thing. So, are we still"}, {"start": "00:09:49", "end": "00:09:54", "text": "in our bottoming process? Are we going"}, {"start": "00:09:52", "end": "00:09:56", "text": "to come out of it? And the answer is yes"}, {"start": "00:09:54", "end": "00:09:59", "text": "to both."}, {"start": "00:09:56", "end": "00:10:03", "text": "We just haven't yet."}, {"start": "00:09:59", "end": "00:10:07", "text": "We were making some moves a month ago."}, {"start": "00:10:03", "end": "00:10:10", "text": "When we rally back up to 84,000,"}, {"start": "00:10:07", "end": "00:10:12", "text": "that can come again pretty soon. And"}, {"start": "00:10:10", "end": "00:10:15", "text": "next time we'll probably break through"}, {"start": "00:10:12", "end": "00:10:18", "text": "that and head straight to 100,000."}, {"start": "00:10:15", "end": "00:10:20", "text": "But right now, it's got to wait it out."}, {"start": "00:10:18", "end": "00:10:24", "text": "Got to be patient."}, {"start": "00:10:20", "end": "00:10:26", "text": "Okay, here's a technical"}, {"start": "00:10:24", "end": "00:10:29", "text": "look at how things are. And you can see"}, {"start": "00:10:26", "end": "00:10:32", "text": "we're still below the 50 and 200 day"}, {"start": "00:10:29", "end": "00:10:34", "text": "moving average, but the MACD has flipped"}, {"start": "00:10:32", "end": "00:10:38", "text": "green."}, {"start": "00:10:34", "end": "00:10:41", "text": "And again, part of"}, {"start": "00:10:38", "end": "00:10:43", "text": "part of the bottoming process, so to"}, {"start": "00:10:41", "end": "00:10:44", "text": "speak, right? But this is again on a"}, {"start": "00:10:43", "end": "00:10:47", "text": "shorter time frame. We could look at"}, {"start": "00:10:44", "end": "00:10:51", "text": "some of the longer time frames which"}, {"start": "00:10:47", "end": "00:10:51", "text": "show the same thing."}, {"start": "00:10:51", "end": "00:10:57", "text": "Uh here's Bitcoin versus gold."}, {"start": "00:10:55", "end": "00:11:01", "text": "Bitcoin"}, {"start": "00:10:57", "end": "00:11:06", "text": "basically has never been this oversold"}, {"start": "00:11:01", "end": "00:11:08", "text": "versus gold in its lifetime. This goes"}, {"start": "00:11:06", "end": "00:11:12", "text": "all the way back to the very beginning"}, {"start": "00:11:08", "end": "00:11:14", "text": "like 200 2010."}, {"start": "00:11:12", "end": "00:11:16", "text": "all the other times when Bitcoin has"}, {"start": "00:11:14", "end": "00:11:19", "text": "fallen,"}, {"start": "00:11:16", "end": "00:11:23", "text": "you had uh you know the COVID, you had"}, {"start": "00:11:19", "end": "00:11:26", "text": "2022 bottom, 2018 bottom, 2015 bottom,"}, {"start": "00:11:23", "end": "00:11:29", "text": "all those times versus gold, you know,"}, {"start": "00:11:26", "end": "00:11:33", "text": "Bitcoin has come down, but never"}, {"start": "00:11:29", "end": "00:11:36", "text": "this far down."}, {"start": "00:11:33", "end": "00:11:38", "text": "It's interesting. And Bitcoin always"}, {"start": "00:11:36", "end": "00:11:40", "text": "catches up. Not only catches up, but"}, {"start": "00:11:38", "end": "00:11:42", "text": "exceeds gold. You could see all the"}, {"start": "00:11:40", "end": "00:11:47", "text": "green spots, right?"}, {"start": "00:11:42", "end": "00:11:49", "text": "So, there's a lot of catching up to do."}, {"start": "00:11:47", "end": "00:11:52", "text": "According to this, for Bitcoin to catch"}, {"start": "00:11:49", "end": "00:11:54", "text": "up to gold, it would have to get to"}, {"start": "00:11:52", "end": "00:11:58", "text": "$283,000."}, {"start": "00:11:54", "end": "00:12:01", "text": "So, at the top of the next cycle, that"}, {"start": "00:11:58", "end": "00:12:04", "text": "is not even the top. That's that's just"}, {"start": "00:12:01", "end": "00:12:08", "text": "like midway through. So, we would have"}, {"start": "00:12:04", "end": "00:12:10", "text": "to get to 283,000 first. And then if we"}, {"start": "00:12:08", "end": "00:12:11", "text": "break through and we start gaining on"}, {"start": "00:12:10", "end": "00:12:13", "text": "gold, that's when things get"}, {"start": "00:12:11", "end": "00:12:16", "text": "interesting. When we get into the green"}, {"start": "00:12:13", "end": "00:12:21", "text": "and that could be"}, {"start": "00:12:16", "end": "00:12:24", "text": "400, 500, a million."}, {"start": "00:12:21", "end": "00:12:27", "text": "Be interesting. Very interesting indeed."}, {"start": "00:12:24", "end": "00:12:29", "text": "The next cycle, the next top of the next"}, {"start": "00:12:27", "end": "00:12:30", "text": "cycle, it be interesting to see where we"}, {"start": "00:12:29", "end": "00:12:36", "text": "end up. I mean, considering we were at"}, {"start": "00:12:30", "end": "00:12:37", "text": "126, even doubling would be 250, right?"}, {"start": "00:12:36", "end": "00:12:40", "text": "If we went up a little bit more, that"}, {"start": "00:12:37", "end": "00:12:42", "text": "would be 300. That would place us at"}, {"start": "00:12:40", "end": "00:12:46", "text": "par. But, you know, gold has been coming"}, {"start": "00:12:42", "end": "00:12:48", "text": "down, too. So,"}, {"start": "00:12:46", "end": "00:12:51", "text": "that will definitely help bring the the"}, {"start": "00:12:48", "end": "00:12:53", "text": "average level down as well."}, {"start": "00:12:51", "end": "00:12:56", "text": "All right."}, {"start": "00:12:53", "end": "00:12:58", "text": "Outside of that, uh some other just"}, {"start": "00:12:56", "end": "00:13:01", "text": "random news. Robin Hood chain is"}, {"start": "00:12:58", "end": "00:13:01", "text": "exploding."}, {"start": "00:13:01", "end": "00:13:06", "text": "Like, just look at that. Exploding. And"}, {"start": "00:13:04", "end": "00:13:09", "text": "here's the thing. Why is it exploding?"}, {"start": "00:13:06", "end": "00:13:12", "text": "Does it have all this usage? Does it"}, {"start": "00:13:09", "end": "00:13:15", "text": "have like all the daxes and everything"}, {"start": "00:13:12", "end": "00:13:18", "text": "that you would think of? No."}, {"start": "00:13:15", "end": "00:13:23", "text": "No, it's not due to any of those. It's"}, {"start": "00:13:18", "end": "00:13:26", "text": "due to its new memecoin, Cash Cat."}, {"start": "00:13:23", "end": "00:13:29", "text": "That's that's uh that shows you the"}, {"start": "00:13:26", "end": "00:13:31", "text": "power of memecoin sometimes. Okay. And"}, {"start": "00:13:29", "end": "00:13:34", "text": "we have seen this with Salana too. when"}, {"start": "00:13:31", "end": "00:13:37", "text": "you have very hyped up memes, the entire"}, {"start": "00:13:34", "end": "00:13:39", "text": "chain actually rises up, volume, price,"}, {"start": "00:13:37", "end": "00:13:42", "text": "everything. And right now, seems like"}, {"start": "00:13:39", "end": "00:13:46", "text": "Robin Hood has has its own, right? And"}, {"start": "00:13:42", "end": "00:13:51", "text": "Bass had this moment before. Uh BSC had"}, {"start": "00:13:46", "end": "00:13:53", "text": "many moments of this before. So,"}, {"start": "00:13:51", "end": "00:13:57", "text": "good for them. Good for them. I do hope"}, {"start": "00:13:53", "end": "00:13:57", "text": "Robin Hood chain does well."}, {"start": "00:13:57", "end": "00:14:02", "text": "Overall, I'm a fan of Robin Hood because"}, {"start": "00:14:00", "end": "00:14:05", "text": "I I own"}, {"start": "00:14:02", "end": "00:14:07", "text": "I own their options. But I think they're"}, {"start": "00:14:05", "end": "00:14:08", "text": "moving in the right direction. I think a"}, {"start": "00:14:07", "end": "00:14:12", "text": "lot of people are still sour about Robin"}, {"start": "00:14:08", "end": "00:14:14", "text": "Hood because of the GME days. I I get"}, {"start": "00:14:12", "end": "00:14:17", "text": "that. But overall, they're full into"}, {"start": "00:14:14", "end": "00:14:18", "text": "crypto now. They have their own chain."}, {"start": "00:14:17", "end": "00:14:20", "text": "They're going develop more things on top"}, {"start": "00:14:18", "end": "00:14:24", "text": "of the Robin Hood chain and they're"}, {"start": "00:14:20", "end": "00:14:26", "text": "pushing forward and all the young people"}, {"start": "00:14:24", "end": "00:14:29", "text": "are on it. So,"}, {"start": "00:14:26", "end": "00:14:32", "text": "I support them."}, {"start": "00:14:29", "end": "00:14:34", "text": "Um, speaking of Salana,"}, {"start": "00:14:32", "end": "00:14:39", "text": "RWA,"}, {"start": "00:14:34", "end": "00:14:42", "text": "like Nvidia stock, Tesla stock, S&P 500,"}, {"start": "00:14:39", "end": "00:14:46", "text": "even gold."}, {"start": "00:14:42", "end": "00:14:49", "text": "A lot of people are trading these kind"}, {"start": "00:14:46", "end": "00:14:51", "text": "of tokenized stocks now. And it's 247"}, {"start": "00:14:49", "end": "00:14:53", "text": "around the world. You're no longer"}, {"start": "00:14:51", "end": "00:14:56", "text": "limited"}, {"start": "00:14:53", "end": "00:15:00", "text": "by your region and it's fantastic."}, {"start": "00:14:56", "end": "00:15:02", "text": "Fantastic. Another use case for chains,"}, {"start": "00:15:00", "end": "00:15:08", "text": "for crypto, for for everything that we"}, {"start": "00:15:02", "end": "00:15:12", "text": "have, right? So, good stuff. Good stuff."}, {"start": "00:15:08", "end": "00:15:14", "text": "Uh what else? Just a few other things."}, {"start": "00:15:12", "end": "00:15:16", "text": "Charles Hoskinson, I mean, he's just"}, {"start": "00:15:14", "end": "00:15:19", "text": "facing a lot of FUD all the time, it"}, {"start": "00:15:16", "end": "00:15:23", "text": "seems like. Uh somehow even London cab"}, {"start": "00:15:19", "end": "00:15:26", "text": "drivers heard that Charles was retiring"}, {"start": "00:15:23", "end": "00:15:30", "text": "and leaving the project."}, {"start": "00:15:26", "end": "00:15:32", "text": "Okay, how can he retire? He's only like"}, {"start": "00:15:30", "end": "00:15:34", "text": "40 years old or 30 something year old."}, {"start": "00:15:32", "end": "00:15:36", "text": "But he's like, \"No, I'm not leaving.\""}, {"start": "00:15:34", "end": "00:15:39", "text": "But somehow there's just always just"}, {"start": "00:15:36", "end": "00:15:42", "text": "some new FUD around Charles Hoskinson"}, {"start": "00:15:39", "end": "00:15:45", "text": "and Cardano. And I'm sure he's sick of"}, {"start": "00:15:42", "end": "00:15:47", "text": "it. But I have that very same Lego of"}, {"start": "00:15:45", "end": "00:15:51", "text": "Wall-E in the background."}, {"start": "00:15:47", "end": "00:15:55", "text": "But somehow even London cab drivers"}, {"start": "00:15:51", "end": "00:16:00", "text": "heard that rumor. Rumors"}, {"start": "00:15:55", "end": "00:16:02", "text": "tend to fly really fast. Um I saw this"}, {"start": "00:16:00", "end": "00:16:04", "text": "too."}, {"start": "00:16:02", "end": "00:16:08", "text": "So Binance is going to come out with a"}, {"start": "00:16:04", "end": "00:16:12", "text": "new chain that is specific for AI agents"}, {"start": "00:16:08", "end": "00:16:13", "text": "and targeting a 100,000 transactions per"}, {"start": "00:16:12", "end": "00:16:17", "text": "second."}, {"start": "00:16:13", "end": "00:16:19", "text": "Okay. Not only AI agents but autonomous"}, {"start": "00:16:17", "end": "00:16:23", "text": "trading agents. So it basically becomes"}, {"start": "00:16:19", "end": "00:16:23", "text": "high volume trading."}, {"start": "00:16:23", "end": "00:16:29", "text": "Good for them. Good for them. I think"}, {"start": "00:16:26", "end": "00:16:32", "text": "all chain makers, okay, where any"}, {"start": "00:16:29", "end": "00:16:34", "text": "project that has any kind of treasury, I"}, {"start": "00:16:32", "end": "00:16:38", "text": "know B&M does, but you figure like Bass"}, {"start": "00:16:34", "end": "00:16:40", "text": "does, Robin Hood now, uh many others"}, {"start": "00:16:38", "end": "00:16:42", "text": "that have a whole bunch of money sitting"}, {"start": "00:16:40", "end": "00:16:45", "text": "there, they should just throw it all"}, {"start": "00:16:42", "end": "00:16:48", "text": "towards AI. They should figure out how"}, {"start": "00:16:45", "end": "00:16:52", "text": "to incorporate AI with crypto."}, {"start": "00:16:48", "end": "00:16:56", "text": "Make it make them synonymous almost,"}, {"start": "00:16:52", "end": "00:16:58", "text": "right? Find real use cases for people to"}, {"start": "00:16:56", "end": "00:17:03", "text": "want to"}, {"start": "00:16:58", "end": "00:17:05", "text": "to to use and benefit from."}, {"start": "00:17:03", "end": "00:17:10", "text": "So, good for them. I'm looking forward"}, {"start": "00:17:05", "end": "00:17:12", "text": "to this uh late 2026. So, this year,"}, {"start": "00:17:10", "end": "00:17:14", "text": "this year, actually, you know, it's it's"}, {"start": "00:17:12", "end": "00:17:15", "text": "not that hard. You could use AI to build"}, {"start": "00:17:14", "end": "00:17:17", "text": "a chain if you wanted to very easily."}, {"start": "00:17:15", "end": "00:17:19", "text": "You could use AI to build anything"}, {"start": "00:17:17", "end": "00:17:22", "text": "really. Um, it's just a matter of"}, {"start": "00:17:19", "end": "00:17:23", "text": "drawing people to it, but you know,"}, {"start": "00:17:22", "end": "00:17:28", "text": "Binance has all the power in the world,"}, {"start": "00:17:23", "end": "00:17:28", "text": "so it should be very easy for them."}, {"start": "00:17:29", "end": "00:17:35", "text": "Lastly, this has nothing to do with"}, {"start": "00:17:30", "end": "00:17:38", "text": "anything, but I saw this on CNBC."}, {"start": "00:17:35", "end": "00:17:41", "text": "One of the headline news that stood out."}, {"start": "00:17:38", "end": "00:17:45", "text": "Private chef salaries reach 300,000 as"}, {"start": "00:17:41", "end": "00:17:48", "text": "the rich seeks their own Michelin stars"}, {"start": "00:17:45", "end": "00:17:50", "text": "and butlers can earn as much as"}, {"start": "00:17:48", "end": "00:17:52", "text": "$180,000."}, {"start": "00:17:50", "end": "00:17:54", "text": "And demand is also rising for personal"}, {"start": "00:17:52", "end": "00:17:57", "text": "assistants, nannies, housekeepers,"}, {"start": "00:17:54", "end": "00:17:59", "text": "chauffeers, and estate managers. You"}, {"start": "00:17:57", "end": "00:18:01", "text": "know, I've been talking a lot about how"}, {"start": "00:17:59", "end": "00:18:03", "text": "there's no jobs or there will be no jobs"}, {"start": "00:18:01", "end": "00:18:05", "text": "in the future because AI takes"}, {"start": "00:18:03", "end": "00:18:09", "text": "everything and only labor jobs will"}, {"start": "00:18:05", "end": "00:18:12", "text": "survive. Here you go. You could be a"}, {"start": "00:18:09", "end": "00:18:16", "text": "private chef. You can learn how to cook"}, {"start": "00:18:12", "end": "00:18:18", "text": "really well and be a private chef and"}, {"start": "00:18:16", "end": "00:18:20", "text": "make up to $300,000"}, {"start": "00:18:18", "end": "00:18:22", "text": "a year and maybe probably more than"}, {"start": "00:18:20", "end": "00:18:26", "text": "that. Or you could become a professional"}, {"start": "00:18:22", "end": "00:18:30", "text": "butler and make $180,000. That'll"}, {"start": "00:18:26", "end": "00:18:34", "text": "probably make you more than a lot of,"}, {"start": "00:18:30", "end": "00:18:36", "text": "you know, PhDs or master degree."}, {"start": "00:18:34", "end": "00:18:39", "text": "uh"}, {"start": "00:18:36", "end": "00:18:43", "text": "business people, I don't know, finance"}, {"start": "00:18:39", "end": "00:18:46", "text": "people, accounting people, programmers,"}, {"start": "00:18:43", "end": "00:18:49", "text": "probably more profitable being a chef or"}, {"start": "00:18:46", "end": "00:18:51", "text": "even a buzzard. All right,"}, {"start": "00:18:49", "end": "00:18:53", "text": "that is pretty much it. Let's see. Today"}, {"start": "00:18:51", "end": "00:18:56", "text": "is still kind of mixed. Still in the"}, {"start": "00:18:53", "end": "00:18:59", "text": "green though, that's good. Bitcoin is"}, {"start": "00:18:56", "end": "00:18:59", "text": "doing well. 645."}, {"start": "00:19:00", "end": "00:19:06", "text": "Trying to get back to 66. If we could do"}, {"start": "00:19:03", "end": "00:19:09", "text": "that break through, that's even better."}, {"start": "00:19:06", "end": "00:19:12", "text": "Uh, looking at stocks kind of mixed"}, {"start": "00:19:09", "end": "00:19:17", "text": "today. Not a whole lot of movement."}, {"start": "00:19:12", "end": "00:19:20", "text": "Nvidia's up. Robin Hood's up. HP's up."}, {"start": "00:19:17", "end": "00:19:22", "text": "That's about it. But others are down."}, {"start": "00:19:20", "end": "00:19:25", "text": "All right,"}, {"start": "00:19:22", "end": "00:19:25", "text": "let's do some Q&A."}, {"start": "00:19:43", "end": "00:19:48", "text": "I don't know how many of you guys saw my"}, {"start": "00:19:46", "end": "00:19:52", "text": "video from last night that I put on the"}, {"start": "00:19:48", "end": "00:19:56", "text": "the new Clash channel. It was renamed"}, {"start": "00:19:52", "end": "00:19:59", "text": "Clash Clash Project AI. put out a video"}, {"start": "00:19:56", "end": "00:20:02", "text": "inside look"}, {"start": "00:19:59", "end": "00:20:04", "text": "on how I'm developing Ask Clash and"}, {"start": "00:20:02", "end": "00:20:09", "text": "explain a little more about"}, {"start": "00:20:04", "end": "00:20:12", "text": "how I'm trying to build and and um and"}, {"start": "00:20:09", "end": "00:20:13", "text": "grow the ecosystem for Clash. I don't"}, {"start": "00:20:12", "end": "00:20:17", "text": "know if you guys watched it. Hopefully"}, {"start": "00:20:13", "end": "00:20:17", "text": "you guys did."}, {"start": "00:20:25", "end": "00:20:28", "text": "Do you think the market would care if"}, {"start": "00:20:26", "end": "00:20:30", "text": "Trump ends up doing something in Cuba? I"}, {"start": "00:20:28", "end": "00:20:31", "text": "don't I don't really think the market"}, {"start": "00:20:30", "end": "00:20:33", "text": "would care all that much. Look at what"}, {"start": "00:20:31", "end": "00:20:37", "text": "we did with Venezuela and the market"}, {"start": "00:20:33", "end": "00:20:40", "text": "just shrugged it off. I don't think,"}, {"start": "00:20:37", "end": "00:20:43", "text": "you know, I don't think unless it's a"}, {"start": "00:20:40", "end": "00:20:46", "text": "hostile takeover, but he's he's smart."}, {"start": "00:20:43", "end": "00:20:48", "text": "He's phrasing a not like that. But"}, {"start": "00:20:46", "end": "00:20:50", "text": "unless you know Trump is just doing"}, {"start": "00:20:48", "end": "00:20:52", "text": "hostile takeovers of of Latin American"}, {"start": "00:20:50", "end": "00:20:54", "text": "countries, I don't think markets are"}, {"start": "00:20:52", "end": "00:20:56", "text": "really going to care."}, {"start": "00:20:54", "end": "00:20:58", "text": "If he does a hostile takeover of"}, {"start": "00:20:56", "end": "00:21:01", "text": "Greenland,"}, {"start": "00:20:58", "end": "00:21:04", "text": "I think the markets would care."}, {"start": "00:21:01", "end": "00:21:07", "text": "But even then, I don't I don't even know"}, {"start": "00:21:04", "end": "00:21:08", "text": "the markets really care if we just"}, {"start": "00:21:07", "end": "00:21:11", "text": "marched on into Greenland and said,"}, {"start": "00:21:08", "end": "00:21:11", "text": "\"Hey,"}, {"start": "00:21:11", "end": "00:21:17", "text": "you guys belong in the US now.\" I I"}, {"start": "00:21:14", "end": "00:21:18", "text": "don't know how many people object. NATO"}, {"start": "00:21:17", "end": "00:21:21", "text": "would probably object, but that's about"}, {"start": "00:21:18", "end": "00:21:21", "text": "it."}, {"start": "00:21:57", "end": "00:22:01", "text": "I updated the front page a little bit"}, {"start": "00:21:59", "end": "00:22:05", "text": "for those of you guys."}, {"start": "00:22:01", "end": "00:22:08", "text": "The user search many models including"}, {"start": "00:22:05", "end": "00:22:12", "text": "the newest 5.6 models. Teran Solan's in"}, {"start": "00:22:08", "end": "00:22:13", "text": "here. The auto has become now just their"}, {"start": "00:22:12", "end": "00:22:17", "text": "Luna."}, {"start": "00:22:13", "end": "00:22:22", "text": "So GBD models pretty fantastic after the"}, {"start": "00:22:17", "end": "00:22:25", "text": "new release. things are better, faster,"}, {"start": "00:22:22", "end": "00:22:28", "text": "and I'm still working on a few things to"}, {"start": "00:22:25", "end": "00:22:30", "text": "make this even better. So,"}, {"start": "00:22:28", "end": "00:22:33", "text": "that's kind of what I shared yesterday."}, {"start": "00:22:30", "end": "00:22:37", "text": "I have like six agents running at times"}, {"start": "00:22:33", "end": "00:22:37", "text": "trying to improve things."}, {"start": "00:22:44", "end": "00:22:49", "text": "Liquidations are low today, which is"}, {"start": "00:22:47", "end": "00:22:53", "text": "good. Mostly on the short side, which is"}, {"start": "00:22:49", "end": "00:22:58", "text": "good. 212 million wrecked. 162 million"}, {"start": "00:22:53", "end": "00:22:58", "text": "of that is on the short side."}, {"start": "00:23:17", "end": "00:23:22", "text": "If US took Greenland, NATO objecting"}, {"start": "00:23:20", "end": "00:23:24", "text": "would crash everything."}, {"start": "00:23:22", "end": "00:23:26", "text": "Well, yeah, that kind of happened when"}, {"start": "00:23:24", "end": "00:23:27", "text": "Trump was trying to take it over."}, {"start": "00:23:26", "end": "00:23:30", "text": "Markets didn't didn't really like it"}, {"start": "00:23:27", "end": "00:23:33", "text": "that much."}, {"start": "00:23:30", "end": "00:23:37", "text": "So yeah, if the US really did a hostile"}, {"start": "00:23:33", "end": "00:23:40", "text": "takeover, we just like started flying in"}, {"start": "00:23:37", "end": "00:23:42", "text": "some tanks and stuff and just took over,"}, {"start": "00:23:40", "end": "00:23:44", "text": "it would probably crash markets. I was"}, {"start": "00:23:42", "end": "00:23:46", "text": "joking about that. Anything hostile"}, {"start": "00:23:44", "end": "00:23:47", "text": "would crash markets, okay? Even if you"}, {"start": "00:23:46", "end": "00:23:50", "text": "could just take it over with a few"}, {"start": "00:23:47", "end": "00:23:50", "text": "troops."}, {"start": "00:23:58", "end": "00:24:02", "text": "Uh, why not use Clash analyze your food"}, {"start": "00:24:01", "end": "00:24:06", "text": "intake and tell you you're missing any"}, {"start": "00:24:02", "end": "00:24:08", "text": "nutrients? That is a marketable product."}, {"start": "00:24:06", "end": "00:24:10", "text": "I don't I don't know if that's really a"}, {"start": "00:24:08", "end": "00:24:12", "text": "marketable product. Any any AI can tell"}, {"start": "00:24:10", "end": "00:24:14", "text": "you that. Google could tell you that."}, {"start": "00:24:12", "end": "00:24:19", "text": "So, I'm not really sure that's a"}, {"start": "00:24:14", "end": "00:24:19", "text": "marketable product. Um,"}, {"start": "00:24:19", "end": "00:24:22", "text": "you know, there are there are a lot of"}, {"start": "00:24:20", "end": "00:24:24", "text": "like"}, {"start": "00:24:22", "end": "00:24:26", "text": "little stuff"}, {"start": "00:24:24", "end": "00:24:29", "text": "uh artifacts or like research stuff."}, {"start": "00:24:26", "end": "00:24:31", "text": "ChadByt had just just offered a lot of"}, {"start": "00:24:29", "end": "00:24:33", "text": "them, but not not a whole lot. See, like"}, {"start": "00:24:31", "end": "00:24:36", "text": "Chad has one where it says you could do"}, {"start": "00:24:33", "end": "00:24:38", "text": "it could do a daily digest. Okay. And I"}, {"start": "00:24:36", "end": "00:24:41", "text": "tried it. The daily the digest sucks."}, {"start": "00:24:38", "end": "00:24:43", "text": "It's it's way worse than what we have on"}, {"start": "00:24:41", "end": "00:24:47", "text": "Ash Clash. It it we have all the tools"}, {"start": "00:24:43", "end": "00:24:48", "text": "that gives you all the"}, {"start": "00:24:47", "end": "00:24:50", "text": "all the information. Even if you ask"}, {"start": "00:24:48", "end": "00:24:52", "text": "what's going on with Bitcoin today, it"}, {"start": "00:24:50", "end": "00:24:55", "text": "gives you a better digest than than what"}, {"start": "00:24:52", "end": "00:24:59", "text": "Chad GBT has as like a like a almost"}, {"start": "00:24:55", "end": "00:25:00", "text": "like a a app for its users. So, I think"}, {"start": "00:24:59", "end": "00:25:02", "text": "everyone's trying to figure it out"}, {"start": "00:25:00", "end": "00:25:04", "text": "what's really useful. The research"}, {"start": "00:25:02", "end": "00:25:07", "text": "reports are pretty good. They're getting"}, {"start": "00:25:04", "end": "00:25:09", "text": "better, but I'm trying to make things a"}, {"start": "00:25:07", "end": "00:25:11", "text": "lot more visual. I think most people are"}, {"start": "00:25:09", "end": "00:25:15", "text": "visual people. They don't want to read"}, {"start": "00:25:11", "end": "00:25:18", "text": "so much. They want they want more like"}, {"start": "00:25:15", "end": "00:25:22", "text": "visual stuff. So here is like a a deep"}, {"start": "00:25:18", "end": "00:25:23", "text": "dive of AI that I just kind of ran as a"}, {"start": "00:25:22", "end": "00:25:25", "text": "report and it gives you some good stuff"}, {"start": "00:25:23", "end": "00:25:29", "text": "but it's more or less it's just more"}, {"start": "00:25:25", "end": "00:25:32", "text": "text. I want more graphs, you know, pie"}, {"start": "00:25:29", "end": "00:25:34", "text": "charts, more more visuals. That's what"}, {"start": "00:25:32", "end": "00:25:38", "text": "I'm trying to build next is try to get"}, {"start": "00:25:34", "end": "00:25:41", "text": "these reports to be really good and"}, {"start": "00:25:38", "end": "00:25:42", "text": "to add more things in here to create"}, {"start": "00:25:41", "end": "00:25:45", "text": "your own dashboard. For example, like if"}, {"start": "00:25:42", "end": "00:25:48", "text": "you don't like our for you page, which I"}, {"start": "00:25:45", "end": "00:25:50", "text": "think is really pretty good already in"}, {"start": "00:25:48", "end": "00:25:52", "text": "terms of like a broad overview of what's"}, {"start": "00:25:50", "end": "00:25:53", "text": "happening every day, but let's say you"}, {"start": "00:25:52", "end": "00:25:55", "text": "didn't like this and you want to make"}, {"start": "00:25:53", "end": "00:25:57", "text": "something something different, something"}, {"start": "00:25:55", "end": "00:26:00", "text": "else catering to you, or maybe you don't"}, {"start": "00:25:57", "end": "00:26:01", "text": "care about stocks or crypto at all. You"}, {"start": "00:26:00", "end": "00:26:04", "text": "just want to do a for you page just"}, {"start": "00:26:01", "end": "00:26:06", "text": "about AI, right? All the coolest things"}, {"start": "00:26:04", "end": "00:26:09", "text": "that's going on. Like that's something I"}, {"start": "00:26:06", "end": "00:26:11", "text": "could program into research and have it"}, {"start": "00:26:09", "end": "00:26:14", "text": "create like a new for you page, a a"}, {"start": "00:26:11", "end": "00:26:16", "text": "dashboard uh that you can look at every"}, {"start": "00:26:14", "end": "00:26:18", "text": "day,"}, {"start": "00:26:16", "end": "00:26:19", "text": "you know, stuff like that. And that's"}, {"start": "00:26:18", "end": "00:26:21", "text": "that's what's everyone is trying to"}, {"start": "00:26:19", "end": "00:26:24", "text": "figure out like how to build useful"}, {"start": "00:26:21", "end": "00:26:26", "text": "things for people and uh and make them"}, {"start": "00:26:24", "end": "00:26:29", "text": "care about it because right now almost"}, {"start": "00:26:26", "end": "00:26:32", "text": "everyone just use it as a search engine."}, {"start": "00:26:29", "end": "00:26:34", "text": "That's it. not really"}, {"start": "00:26:32", "end": "00:26:37", "text": "like"}, {"start": "00:26:34", "end": "00:26:38", "text": "like intelligent AI."}, {"start": "00:26:37", "end": "00:26:40", "text": "They're not using it as a intelligent"}, {"start": "00:26:38", "end": "00:26:42", "text": "AI, let's put it that way. They're using"}, {"start": "00:26:40", "end": "00:26:44", "text": "as a search engine, which is fine, but"}, {"start": "00:26:42", "end": "00:26:45", "text": "there are a lot more things you could do"}, {"start": "00:26:44", "end": "00:26:48", "text": "with it. That's what I was explaining in"}, {"start": "00:26:45", "end": "00:26:50", "text": "my video yesterday. Like all these"}, {"start": "00:26:48", "end": "00:26:52", "text": "releases of new models, if you're using"}, {"start": "00:26:50", "end": "00:26:54", "text": "just search, you could use the lowest"}, {"start": "00:26:52", "end": "00:26:58", "text": "model and still great get great answers."}, {"start": "00:26:54", "end": "00:27:00", "text": "No one is ever going to notice. But if"}, {"start": "00:26:58", "end": "00:27:04", "text": "you use it as like a agent, a true"}, {"start": "00:27:00", "end": "00:27:09", "text": "coding agent or research agent, they are"}, {"start": "00:27:04", "end": "00:27:13", "text": "like crazy. They are damn good. But most"}, {"start": "00:27:09", "end": "00:27:13", "text": "people don't see the side of that."}, {"start": "00:27:18", "end": "00:27:24", "text": "Andy, do you have a portfolio"}, {"start": "00:27:19", "end": "00:27:28", "text": "rebalancer? Yes, it's in there."}, {"start": "00:27:24", "end": "00:27:28", "text": "Portfolio lab."}, {"start": "00:27:28", "end": "00:27:33", "text": "you know, custom build. You could be"}, {"start": "00:27:31", "end": "00:27:36", "text": "conservative with Bitcoin, aggressive"}, {"start": "00:27:33", "end": "00:27:40", "text": "with alt core crypto. So, it's it's all"}, {"start": "00:27:36", "end": "00:27:40", "text": "built in here."}, {"start": "00:27:52", "end": "00:27:57", "text": "Quinton, I'm doing this whole project"}, {"start": "00:27:54", "end": "00:28:00", "text": "solo. So,"}, {"start": "00:27:57", "end": "00:28:01", "text": "I picked up Vibe Coding maybe like two"}, {"start": "00:28:00", "end": "00:28:05", "text": "months ago, two and a half months ago. I"}, {"start": "00:28:01", "end": "00:28:07", "text": "hadn't even been three months. And um"}, {"start": "00:28:05", "end": "00:28:10", "text": "I've been working at this every day for"}, {"start": "00:28:07", "end": "00:28:14", "text": "like 16 to 18 hours a day, every day."}, {"start": "00:28:10", "end": "00:28:16", "text": "And I enjoy it. I truly enjoy it. I love"}, {"start": "00:28:14", "end": "00:28:19", "text": "seeing what I'm building. I love seeing"}, {"start": "00:28:16", "end": "00:28:21", "text": "like real use and how the polish is"}, {"start": "00:28:19", "end": "00:28:24", "text": "coming together. It took me a while to"}, {"start": "00:28:21", "end": "00:28:26", "text": "get a lot of the backend stuff going."}, {"start": "00:28:24", "end": "00:28:29", "text": "I'm still perfecting it. Still trying to"}, {"start": "00:28:26", "end": "00:28:32", "text": "make answers better, trying to make what"}, {"start": "00:28:29", "end": "00:28:36", "text": "we have faster and cheaper to run and"}, {"start": "00:28:32", "end": "00:28:39", "text": "and optimizing and adding more features."}, {"start": "00:28:36", "end": "00:28:39", "text": "So,"}, {"start": "00:28:40", "end": "00:28:44", "text": "I do enjoy it."}, {"start": "00:28:52", "end": "00:28:56", "text": "Can you hold Clash on Ask Clash instead"}, {"start": "00:28:54", "end": "00:28:59", "text": "of Phantom? No."}, {"start": "00:28:56", "end": "00:29:02", "text": "What a weird question. You You're in"}, {"start": "00:28:59", "end": "00:29:02", "text": "crypto."}, {"start": "00:29:02", "end": "00:29:08", "text": "There's no wallet here. So, what kind of"}, {"start": "00:29:05", "end": "00:29:08", "text": "question is that?"}, {"start": "00:29:18", "end": "00:29:22", "text": "So buy at current levels technical"}, {"start": "00:29:20", "end": "00:29:26", "text": "fundamental. Okay. See, I even have"}, {"start": "00:29:22", "end": "00:29:28", "text": "quick things here like quick"}, {"start": "00:29:26", "end": "00:29:30", "text": "I don't know"}, {"start": "00:29:28", "end": "00:29:33", "text": "I don't know what we call quick pills I"}, {"start": "00:29:30", "end": "00:29:35", "text": "guess you could see certain pages and"}, {"start": "00:29:33", "end": "00:29:38", "text": "certain you know questions just so you"}, {"start": "00:29:35", "end": "00:29:38", "text": "guys"}, {"start": "00:29:39", "end": "00:29:45", "text": "look at that"}, {"start": "00:29:41", "end": "00:29:45", "text": "auto charting integrated within"}, {"start": "00:29:45", "end": "00:29:50", "text": "that's fantastic no one else is doing"}, {"start": "00:29:48", "end": "00:29:52", "text": "doing that I guarantee you no one has"}, {"start": "00:29:50", "end": "00:29:52", "text": "auto charting"}, {"start": "00:29:57", "end": "00:30:00", "text": "And then follow-up questions."}, {"start": "00:30:02", "end": "00:30:05", "text": "Pretty good stuff. And even more charts"}, {"start": "00:30:04", "end": "00:30:08", "text": "here if you want to open up. But that's"}, {"start": "00:30:05", "end": "00:30:11", "text": "part of the auto charting too."}, {"start": "00:30:08", "end": "00:30:14", "text": "So yeah, Bitcoin soul, anything you have"}, {"start": "00:30:11", "end": "00:30:14", "text": "a micro strategy."}, {"start": "00:30:18", "end": "00:30:24", "text": "No one else does that."}, {"start": "00:30:20", "end": "00:30:24", "text": "This is proprietary"}, {"start": "00:30:31", "end": "00:30:36", "text": "new member"}, {"start": "00:30:33", "end": "00:30:42", "text": "way we wayan"}, {"start": "00:30:36", "end": "00:30:42", "text": "weighan Lee welcome welcome"}, {"start": "00:30:47", "end": "00:30:54", "text": "there's 387 people on uh on Twitter."}, {"start": "00:31:04", "end": "00:31:07", "text": "Is that right?"}, {"start": "00:31:24", "end": "00:31:28", "text": "Do you think Robin Hood chain is going"}, {"start": "00:31:26", "end": "00:31:31", "text": "to have a future in the meme space?"}, {"start": "00:31:28", "end": "00:31:33", "text": "Well, it already does. That's like one"}, {"start": "00:31:31", "end": "00:31:35", "text": "of the hottest memes right now. I don't"}, {"start": "00:31:33", "end": "00:31:41", "text": "I don't even know what the I don't know"}, {"start": "00:31:35", "end": "00:31:41", "text": "what the market cap is on um"}, {"start": "00:31:42", "end": "00:31:49", "text": "on this Cash Cat. I have no idea,"}, {"start": "00:31:46", "end": "00:31:52", "text": "but I heard people made a lot of money"}, {"start": "00:31:49", "end": "00:31:56", "text": "and their their volume is exploding"}, {"start": "00:31:52", "end": "00:31:56", "text": "because of it."}, {"start": "00:32:02", "end": "00:32:05", "text": "I'm an accountant. When you have no"}, {"start": "00:32:04", "end": "00:32:08", "text": "membership and need a bookkeeper, I want"}, {"start": "00:32:05", "end": "00:32:10", "text": "to help with that. See, that's the"}, {"start": "00:32:08", "end": "00:32:14", "text": "thing. That's what I've been saying."}, {"start": "00:32:10", "end": "00:32:16", "text": "Um, I am my own accountant, but I don't"}, {"start": "00:32:14", "end": "00:32:18", "text": "need accountants anymore because AI"}, {"start": "00:32:16", "end": "00:32:21", "text": "would do it for me. It would do the"}, {"start": "00:32:18", "end": "00:32:23", "text": "bookkeeping for me. I was paying"}, {"start": "00:32:21", "end": "00:32:25", "text": "thousands of dollars every year for"}, {"start": "00:32:23", "end": "00:32:27", "text": "bookkeeping. I didn't mind it so much"}, {"start": "00:32:25", "end": "00:32:29", "text": "because I thought something I don't want"}, {"start": "00:32:27", "end": "00:32:32", "text": "to do. And you know, it's a tax"}, {"start": "00:32:29", "end": "00:32:34", "text": "deduction anyways, but"}, {"start": "00:32:32", "end": "00:32:37", "text": "why do you need a bookkeeper when you"}, {"start": "00:32:34", "end": "00:32:40", "text": "feed AI all of your bills, your"}, {"start": "00:32:37", "end": "00:32:45", "text": "statements, and it could automatically"}, {"start": "00:32:40", "end": "00:32:45", "text": "sort everything and bookkeep for you,"}, {"start": "00:32:46", "end": "00:32:50", "text": "you know? That's that's the thing."}, {"start": "00:32:48", "end": "00:32:54", "text": "That's this is what people don't realize"}, {"start": "00:32:50", "end": "00:32:58", "text": "yet. This is what most people are"}, {"start": "00:32:54", "end": "00:33:00", "text": "ignoring. the fact that you can"}, {"start": "00:32:58", "end": "00:33:03", "text": "literally build anything first of all."}, {"start": "00:33:00", "end": "00:33:05", "text": "So in your case, Quinton, like if I was"}, {"start": "00:33:03", "end": "00:33:07", "text": "you,"}, {"start": "00:33:05", "end": "00:33:10", "text": "I would start building tools to help"}, {"start": "00:33:07", "end": "00:33:13", "text": "people do that. Okay? Rather, and you're"}, {"start": "00:33:10", "end": "00:33:14", "text": "limited because you are an individual."}, {"start": "00:33:13", "end": "00:33:17", "text": "So even if you have a company, you're"}, {"start": "00:33:14", "end": "00:33:19", "text": "limited, but you should use AI to build"}, {"start": "00:33:17", "end": "00:33:22", "text": "bookkeeping or accounting software so"}, {"start": "00:33:19", "end": "00:33:24", "text": "that you can cater"}, {"start": "00:33:22", "end": "00:33:26", "text": "um many many businesses and people"}, {"start": "00:33:24", "end": "00:33:28", "text": "before it's too late before they realize"}, {"start": "00:33:26", "end": "00:33:31", "text": "they could just you use AI and do the"}, {"start": "00:33:28", "end": "00:33:33", "text": "same thing. That's what I'm saying. Like"}, {"start": "00:33:31", "end": "00:33:36", "text": "in the next 5 to 10 years, there will be"}, {"start": "00:33:33", "end": "00:33:38", "text": "such a disruption with jobs in every"}, {"start": "00:33:36", "end": "00:33:40", "text": "facet,"}, {"start": "00:33:38", "end": "00:33:42", "text": "especially ones that require you to just"}, {"start": "00:33:40", "end": "00:33:45", "text": "only sit in front of a computer. could"}, {"start": "00:33:42", "end": "00:33:47", "text": "all be replaced. So, this is the time to"}, {"start": "00:33:45", "end": "00:33:49", "text": "figure it out. This is the time to"}, {"start": "00:33:47", "end": "00:33:51", "text": "figure out what people really want,"}, {"start": "00:33:49", "end": "00:33:54", "text": "build things towards it, try to make as"}, {"start": "00:33:51", "end": "00:33:59", "text": "much money as you can, and then not"}, {"start": "00:33:54", "end": "00:33:59", "text": "worry about it 5 to 10 years later."}, {"start": "00:34:06", "end": "00:34:11", "text": "NASDAQ starting to slide a little bit."}, {"start": "00:34:16", "end": "00:34:23", "text": "I guarantee you, AMD, that the IRS in"}, {"start": "00:34:18", "end": "00:34:26", "text": "the US is starting to use AI because"}, {"start": "00:34:23", "end": "00:34:28", "text": "why would they not? It's so much more"}, {"start": "00:34:26", "end": "00:34:30", "text": "efficient,"}, {"start": "00:34:28", "end": "00:34:34", "text": "you know, to process all those numbers"}, {"start": "00:34:30", "end": "00:34:37", "text": "that people send in their all, you know,"}, {"start": "00:34:34", "end": "00:34:40", "text": "whatever the double twos and 1099s and"}, {"start": "00:34:37", "end": "00:34:43", "text": "your your filings and all that stuff."}, {"start": "00:34:40", "end": "00:34:46", "text": "It's all numbers. It's so much easier."}, {"start": "00:34:43", "end": "00:34:50", "text": "You could have one AI process all that."}, {"start": "00:34:46", "end": "00:34:53", "text": "One AI could equal a thousand employees,"}, {"start": "00:34:50", "end": "00:34:56", "text": "probably more, probably 10,000 employees"}, {"start": "00:34:53", "end": "00:34:59", "text": "when it comes to crunching numbers and"}, {"start": "00:34:56", "end": "00:35:00", "text": "finding, you know, red flags and"}, {"start": "00:34:59", "end": "00:35:03", "text": "determining which ones to audit, which"}, {"start": "00:35:00", "end": "00:35:06", "text": "ones not to. I mean, yeah, I would do"}, {"start": "00:35:03", "end": "00:35:08", "text": "all that. I don't know if they have"}, {"start": "00:35:06", "end": "00:35:10", "text": "transisted fully, but they they can keep"}, {"start": "00:35:08", "end": "00:35:13", "text": "a very limited staff, very limited"}, {"start": "00:35:10", "end": "00:35:14", "text": "amount of staff, and just use AI to"}, {"start": "00:35:13", "end": "00:35:16", "text": "process everything. And it'll be a lot"}, {"start": "00:35:14", "end": "00:35:20", "text": "more efficient, a lot faster, too. and"}, {"start": "00:35:16", "end": "00:35:20", "text": "probably a lot more accurate."}, {"start": "00:35:37", "end": "00:35:41", "text": "I have to connect too many things on"}, {"start": "00:35:39", "end": "00:35:43", "text": "Devon and open hands. It's just unclear"}, {"start": "00:35:41", "end": "00:35:44", "text": "list. I think you can make a better one."}, {"start": "00:35:43", "end": "00:35:48", "text": "What are you trying to connect? like"}, {"start": "00:35:44", "end": "00:35:48", "text": "MPCs or"}, {"start": "00:35:48", "end": "00:35:52", "text": "I I don't get what you connect. I don't"}, {"start": "00:35:50", "end": "00:35:54", "text": "really connect anything. I mean, I just"}, {"start": "00:35:52", "end": "00:35:56", "text": "have"}, {"start": "00:35:54", "end": "00:35:59", "text": "the CLI, the terminal on on the VPS and"}, {"start": "00:35:56", "end": "00:36:01", "text": "I can access everything, you know. I I"}, {"start": "00:35:59", "end": "00:36:03", "text": "do have it accessing skills that I've"}, {"start": "00:36:01", "end": "00:36:06", "text": "created, but outside that I don't really"}, {"start": "00:36:03", "end": "00:36:09", "text": "know what else you're connecting to."}, {"start": "00:36:06", "end": "00:36:12", "text": "MPCs"}, {"start": "00:36:09", "end": "00:36:16", "text": "or M MCPS. This I'm sorry, not MPCs."}, {"start": "00:36:12", "end": "00:36:21", "text": "MCPS are are quite useful. They're just"}, {"start": "00:36:16", "end": "00:36:21", "text": "really skills. That's that's really it."}, {"start": "00:36:27", "end": "00:36:31", "text": "The IRS has been using it for 25 years."}, {"start": "00:36:29", "end": "00:36:34", "text": "I don't I don't really think that's true"}, {"start": "00:36:31", "end": "00:36:37", "text": "because AI hasn't been at least our LM"}, {"start": "00:36:34", "end": "00:36:39", "text": "AIS has not been around. Maybe you have"}, {"start": "00:36:37", "end": "00:36:43", "text": "machine learning, you have number"}, {"start": "00:36:39", "end": "00:36:45", "text": "crunching with software, yes, but the"}, {"start": "00:36:43", "end": "00:36:48", "text": "ability to think"}, {"start": "00:36:45", "end": "00:36:51", "text": "is a little bit different."}, {"start": "00:36:48", "end": "00:36:53", "text": "But you may be right. Maybe they already"}, {"start": "00:36:51", "end": "00:36:55", "text": "have really good softwares that don't"}, {"start": "00:36:53", "end": "00:37:00", "text": "require AI, but why do they have so many"}, {"start": "00:36:55", "end": "00:37:02", "text": "people then to open open envelopes?"}, {"start": "00:37:00", "end": "00:37:05", "text": "Maybe. But mo most violence are"}, {"start": "00:37:02", "end": "00:37:06", "text": "electronic now. So, I don't know. Maybe"}, {"start": "00:37:05", "end": "00:37:09", "text": "they needed people to just open the"}, {"start": "00:37:06", "end": "00:37:09", "text": "envelopes."}, {"start": "00:37:14", "end": "00:37:20", "text": "You can scan GitHub pretty easily."}, {"start": "00:37:19", "end": "00:37:21", "text": "That's actually one of the things I"}, {"start": "00:37:20", "end": "00:37:24", "text": "wanted to add. I don't know how many"}, {"start": "00:37:21", "end": "00:37:27", "text": "people actually use it for coding, but"}, {"start": "00:37:24", "end": "00:37:29", "text": "it's very easy for me to just add,"}, {"start": "00:37:27", "end": "00:37:31", "text": "especially if you're subscribed to a"}, {"start": "00:37:29", "end": "00:37:34", "text": "higher plan."}, {"start": "00:37:31", "end": "00:37:36", "text": "Um, you know, in settings, you could"}, {"start": "00:37:34", "end": "00:37:39", "text": "connect your GitHub and then you could"}, {"start": "00:37:36", "end": "00:37:43", "text": "ask one of the top models to code review"}, {"start": "00:37:39", "end": "00:37:47", "text": "and even do coding if you wanted to"}, {"start": "00:37:43", "end": "00:37:47", "text": "straight from the platform."}, {"start": "00:37:47", "end": "00:37:52", "text": "just makes it very easy. And then also"}, {"start": "00:37:49", "end": "00:37:54", "text": "provide a host. So whatever that you're,"}, {"start": "00:37:52", "end": "00:37:57", "text": "you know, whatever you have on your"}, {"start": "00:37:54", "end": "00:38:00", "text": "GitHub, if you want to actually make it"}, {"start": "00:37:57", "end": "00:38:02", "text": "live on a host or something, we could"}, {"start": "00:38:00", "end": "00:38:04", "text": "offer the hosting something like that. I"}, {"start": "00:38:02", "end": "00:38:08", "text": "think that would be pretty cool. So you"}, {"start": "00:38:04", "end": "00:38:10", "text": "you store the code and we'll host it or"}, {"start": "00:38:08", "end": "00:38:13", "text": "we store the code too and host it."}, {"start": "00:38:10", "end": "00:38:13", "text": "Either way,"}, {"start": "00:38:14", "end": "00:38:20", "text": "you know, I think that's pretty cool."}, {"start": "00:38:16", "end": "00:38:22", "text": "That's something I am thinking about."}, {"start": "00:38:20", "end": "00:38:26", "text": "I just don't know like what people will"}, {"start": "00:38:22", "end": "00:38:28", "text": "build and if it runs into problems"}, {"start": "00:38:26", "end": "00:38:30", "text": "um because when it comes to coding, it"}, {"start": "00:38:28", "end": "00:38:33", "text": "gets very expensive token-wise, right?"}, {"start": "00:38:30", "end": "00:38:35", "text": "And it might exceed the the plans that"}, {"start": "00:38:33", "end": "00:38:39", "text": "I'm offering. So, I I don't know. I got"}, {"start": "00:38:35", "end": "00:38:39", "text": "to calculate that, right?"}, {"start": "00:38:41", "end": "00:38:46", "text": "Why is Salana dumping?"}, {"start": "00:38:44", "end": "00:38:48", "text": "Is it?"}, {"start": "00:38:46", "end": "00:38:50", "text": "Not really."}, {"start": "00:38:48", "end": "00:38:53", "text": "It's come down a little bit. No, it's"}, {"start": "00:38:50", "end": "00:38:53", "text": "not. It's not dumping."}, {"start": "00:39:02", "end": "00:39:06", "text": "You should look at a crypto project"}, {"start": "00:39:03", "end": "00:39:10", "text": "called Cubic. It's really lit. They're"}, {"start": "00:39:06", "end": "00:39:12", "text": "aiming for AGI in 2027."}, {"start": "00:39:10", "end": "00:39:16", "text": "So,"}, {"start": "00:39:12", "end": "00:39:19", "text": "are they LM? I'm I'm surprised no no AI,"}, {"start": "00:39:16", "end": "00:39:22", "text": "no projects, crypto projects have LM"}, {"start": "00:39:19", "end": "00:39:22", "text": "yet."}, {"start": "00:39:22", "end": "00:39:28", "text": "Let's see if we can find out. Tell me"}, {"start": "00:39:25", "end": "00:39:28", "text": "about"}, {"start": "00:39:32", "end": "00:39:40", "text": "cubic. Is that what it is? Okay, let's"}, {"start": "00:39:35", "end": "00:39:40", "text": "see. Let's see what we can find out."}, {"start": "00:39:40", "end": "00:39:46", "text": "If there's some unknown products,"}, {"start": "00:39:42", "end": "00:39:46", "text": "probably not gonna find much, but"}, {"start": "00:40:00", "end": "00:40:03", "text": "all right."}, {"start": "00:40:04", "end": "00:40:09", "text": "Layer 1 blockchain built around three"}, {"start": "00:40:06", "end": "00:40:11", "text": "ideas. fe fast feeless transaction,"}, {"start": "00:40:09", "end": "00:40:13", "text": "quorum-based validations and useful"}, {"start": "00:40:11", "end": "00:40:15", "text": "proof of work or mining computation"}, {"start": "00:40:13", "end": "00:40:18", "text": "intended to contribute to AI training"}, {"start": "00:40:15", "end": "00:40:20", "text": "rather than only secure the chain. The"}, {"start": "00:40:18", "end": "00:40:24", "text": "project's architecture uses a fixed"}, {"start": "00:40:20", "end": "00:40:25", "text": "group of 676 computers, specialized"}, {"start": "00:40:24", "end": "00:40:30", "text": "nodes that validate transactions,"}, {"start": "00:40:25", "end": "00:40:32", "text": "execute smart contracts, secure network."}, {"start": "00:40:30", "end": "00:40:36", "text": "Um,"}, {"start": "00:40:32", "end": "00:40:36", "text": "useful proof of work."}, {"start": "00:40:36", "end": "00:40:41", "text": "Cubic says computational work has"}, {"start": "00:40:38", "end": "00:40:42", "text": "support ad related projects including is"}, {"start": "00:40:41", "end": "00:40:45", "text": "algarth"}, {"start": "00:40:42", "end": "00:40:47", "text": "neura on nuraxon"}, {"start": "00:40:45", "end": "00:40:49", "text": "research."}, {"start": "00:40:47", "end": "00:40:51", "text": "This is an interesting design goal, but"}, {"start": "00:40:49", "end": "00:40:53", "text": "key question is whether the AI work is"}, {"start": "00:40:51", "end": "00:40:55", "text": "genuinely useful, independent,"}, {"start": "00:40:53", "end": "00:40:57", "text": "verifiable, economically competitive,"}, {"start": "00:40:55", "end": "00:41:01", "text": "not simply whether the project labels it"}, {"start": "00:40:57", "end": "00:41:01", "text": "as AI."}, {"start": "00:41:05", "end": "00:41:12", "text": "This is a goddamn good good answer."}, {"start": "00:41:10", "end": "00:41:15", "text": "This is like a research paper just just"}, {"start": "00:41:12", "end": "00:41:17", "text": "from a normal search. The bullace is"}, {"start": "00:41:15", "end": "00:41:19", "text": "fairly clear. Mining power could produce"}, {"start": "00:41:17", "end": "00:41:22", "text": "useful AI or external compute object"}, {"start": "00:41:19", "end": "00:41:23", "text": "feedless execution and fast finality can"}, {"start": "00:41:22", "end": "00:41:25", "text": "make the chain attractive for high"}, {"start": "00:41:23", "end": "00:41:27", "text": "throughput application. This sounds like"}, {"start": "00:41:25", "end": "00:41:29", "text": "what BMBB is trying to build. Okay."}, {"start": "00:41:27", "end": "00:41:31", "text": "Smart contract oracle external mining"}, {"start": "00:41:29", "end": "00:41:33", "text": "can create on demand for cubic. A"}, {"start": "00:41:31", "end": "00:41:35", "text": "successful AI compute platform can give"}, {"start": "00:41:33", "end": "00:41:37", "text": "cubic a more differentiated role than"}, {"start": "00:41:35", "end": "00:41:39", "text": "conventional L1. The main risks are"}, {"start": "00:41:37", "end": "00:41:41", "text": "equally as important. AI and blockchain"}, {"start": "00:41:39", "end": "00:41:44", "text": "are both difficult. Combining them does"}, {"start": "00:41:41", "end": "00:41:47", "text": "not automatically create a product maker"}, {"start": "00:41:44", "end": "00:41:51", "text": "fit. Toka economics issuance of one"}, {"start": "00:41:47", "end": "00:41:53", "text": "trillion cubic per week epoch requires"}, {"start": "00:41:51", "end": "00:41:56", "text": "substantial usage and burnout. Well,"}, {"start": "00:41:53", "end": "00:42:00", "text": "that's a big problem."}, {"start": "00:41:56", "end": "00:42:03", "text": "One trillion cubic per week."}, {"start": "00:42:00", "end": "00:42:06", "text": "That's crazy. Centralized governance and"}, {"start": "00:42:03", "end": "00:42:09", "text": "uh centralization governance"}, {"start": "00:42:06", "end": "00:42:11", "text": "rely on 67 676 computers which is I"}, {"start": "00:42:09", "end": "00:42:14", "text": "guess they're nodes, their validators,"}, {"start": "00:42:11", "end": "00:42:16", "text": "which is lower than some of the others."}, {"start": "00:42:14", "end": "00:42:20", "text": "AI mining contract attention before"}, {"start": "00:42:16", "end": "00:42:20", "text": "there's measurable demand."}, {"start": "00:42:24", "end": "00:42:28", "text": "The real winner here is ass."}, {"start": "00:42:31", "end": "00:42:37", "text": "That is a damn good answer. I'll tell"}, {"start": "00:42:33", "end": "00:42:37", "text": "you that. Really good one."}, {"start": "00:42:39", "end": "00:42:43", "text": "and all the sources."}, {"start": "00:42:48", "end": "00:42:57", "text": "There you go. It is an AI space. The"}, {"start": "00:42:54", "end": "00:43:00", "text": "the inflation is concerning, but it"}, {"start": "00:42:57", "end": "00:43:04", "text": "seems like it's a chain and they want"}, {"start": "00:43:00", "end": "00:43:06", "text": "they want they want to drive AI daps to"}, {"start": "00:43:04", "end": "00:43:08", "text": "it, but I'm not sure they could figure"}, {"start": "00:43:06", "end": "00:43:10", "text": "out. It seems like it's a very fast"}, {"start": "00:43:08", "end": "00:43:12", "text": "chain, right, that can support a lot of"}, {"start": "00:43:10", "end": "00:43:14", "text": "transactions."}, {"start": "00:43:12", "end": "00:43:15", "text": "It sounds exactly like what BMB is"}, {"start": "00:43:14", "end": "00:43:18", "text": "trying to make. They're trying to make a"}, {"start": "00:43:15", "end": "00:43:21", "text": "chain all for AI agents. It sounds like"}, {"start": "00:43:18", "end": "00:43:21", "text": "it's kind of like that,"}, {"start": "00:43:23", "end": "00:43:30", "text": "but I guess this is um"}, {"start": "00:43:27", "end": "00:43:33", "text": "their their mining somehow contributes"}, {"start": "00:43:30", "end": "00:43:37", "text": "AI training. I don't know how that"}, {"start": "00:43:33", "end": "00:43:37", "text": "actually works, but"}, {"start": "00:43:37", "end": "00:43:40", "text": "yeah."}, {"start": "00:43:56", "end": "00:44:00", "text": "This is research. What other research do"}, {"start": "00:43:58", "end": "00:44:03", "text": "you want me to do? This this basic gives"}, {"start": "00:44:00", "end": "00:44:05", "text": "you all that you need to know."}, {"start": "00:44:03", "end": "00:44:07", "text": "Everyone trying to claim they're gonna"}, {"start": "00:44:05", "end": "00:44:13", "text": "make AGI. There's different definitions"}, {"start": "00:44:07", "end": "00:44:15", "text": "of AGI, but let's be honest, Open AI or"}, {"start": "00:44:13", "end": "00:44:17", "text": "Claude is a lot closer to AGI than"}, {"start": "00:44:15", "end": "00:44:20", "text": "anyone else. It's not even It's not even"}, {"start": "00:44:17", "end": "00:44:22", "text": "close, right? It's not about creating"}, {"start": "00:44:20", "end": "00:44:25", "text": "AGI. It's just it's about creating"}, {"start": "00:44:22", "end": "00:44:27", "text": "useful DAPs."}, {"start": "00:44:25", "end": "00:44:28", "text": "No one in the crypto space has really"}, {"start": "00:44:27", "end": "00:44:30", "text": "figured it out because it's still"}, {"start": "00:44:28", "end": "00:44:33", "text": "relatively new. People are trying to"}, {"start": "00:44:30", "end": "00:44:36", "text": "figure it out. It's a matter of using AI"}, {"start": "00:44:33", "end": "00:44:38", "text": "to build DAPs or build DAPs that uses AI"}, {"start": "00:44:36", "end": "00:44:41", "text": "on top of the blockchain or on top of"}, {"start": "00:44:38", "end": "00:44:44", "text": "chain or using tokens or something or"}, {"start": "00:44:41", "end": "00:44:47", "text": "using their our decentralized compute or"}, {"start": "00:44:44", "end": "00:44:51", "text": "decentralized GPUs uh decentralized"}, {"start": "00:44:47", "end": "00:44:52", "text": "nature of of crypto, right? People"}, {"start": "00:44:51", "end": "00:44:54", "text": "haven't really figured that out yet, but"}, {"start": "00:44:52", "end": "00:44:56", "text": "once they do, they will become the new"}, {"start": "00:44:54", "end": "00:44:59", "text": "leaders. That's that's really what it"}, {"start": "00:44:56", "end": "00:44:59", "text": "comes down to."}, {"start": "00:45:19", "end": "00:45:24", "text": "I would love to create my own LLM. I"}, {"start": "00:45:21", "end": "00:45:26", "text": "just don't have the GPUs."}, {"start": "00:45:24", "end": "00:45:29", "text": "If I had a GPUs, I take one of these"}, {"start": "00:45:26", "end": "00:45:30", "text": "open weight models and just train it"}, {"start": "00:45:29", "end": "00:45:32", "text": "specifically."}, {"start": "00:45:30", "end": "00:45:34", "text": "You could train it specifically just for"}, {"start": "00:45:32", "end": "00:45:36", "text": "crypto like to know everything about"}, {"start": "00:45:34", "end": "00:45:38", "text": "there is about crypto and make and make"}, {"start": "00:45:36", "end": "00:45:42", "text": "it really intelligent with just crypto"}, {"start": "00:45:38", "end": "00:45:44", "text": "and say trading and stuff. Um, but you"}, {"start": "00:45:42", "end": "00:45:47", "text": "know, to just create one that actually"}, {"start": "00:45:44", "end": "00:45:50", "text": "can lease out like all these big players"}, {"start": "00:45:47", "end": "00:45:53", "text": "and make it really good would be would"}, {"start": "00:45:50", "end": "00:45:59", "text": "be a dream. But that takes a lot of a"}, {"start": "00:45:53", "end": "00:45:59", "text": "lot of GPU power to to do to train"}, {"start": "00:46:07", "end": "00:46:13", "text": "Eddies correction BNKR is LM powered is"}, {"start": "00:46:10", "end": "00:46:16", "text": "not appear to have train proprietary LM."}, {"start": "00:46:13", "end": "00:46:19", "text": "Yeah, it's just like asclash is LM"}, {"start": "00:46:16", "end": "00:46:23", "text": "powered. You could say as it own agent,"}, {"start": "00:46:19", "end": "00:46:27", "text": "but the back end is open AAI or"}, {"start": "00:46:23", "end": "00:46:30", "text": "Anthropic. You're using their LLMs."}, {"start": "00:46:27", "end": "00:46:32", "text": "Um, you can create your own, but just"}, {"start": "00:46:30", "end": "00:46:35", "text": "it's just not it's not going to be as"}, {"start": "00:46:32", "end": "00:46:38", "text": "good and it takes a lot of money to"}, {"start": "00:46:35", "end": "00:46:40", "text": "train a really good one."}, {"start": "00:46:38", "end": "00:46:43", "text": "But competition is great. Competition is"}, {"start": "00:46:40", "end": "00:46:46", "text": "great. GBT 56, there's three levels that"}, {"start": "00:46:43", "end": "00:46:49", "text": "came out yesterday. Their top model soul"}, {"start": "00:46:46", "end": "00:46:51", "text": "is fantastic, but even their lower"}, {"start": "00:46:49", "end": "00:46:54", "text": "models are great and their lower models"}, {"start": "00:46:51", "end": "00:46:56", "text": "are quite cheap. That's pushing putting"}, {"start": "00:46:54", "end": "00:46:59", "text": "a lot of pressure on Anthropic and they"}, {"start": "00:46:56", "end": "00:47:01", "text": "they they reset everyone's usage limit."}, {"start": "00:46:59", "end": "00:47:04", "text": "You know, yesterday they force Anthropic"}, {"start": "00:47:01", "end": "00:47:06", "text": "to reset their usage limit and uh"}, {"start": "00:47:04", "end": "00:47:08", "text": "competition is great. And then Grock"}, {"start": "00:47:06", "end": "00:47:12", "text": "came out, Grock 4.5, which is actually a"}, {"start": "00:47:08", "end": "00:47:14", "text": "great LM2. The cost of that is low too."}, {"start": "00:47:12", "end": "00:47:16", "text": "So, everyone is forcing everyone to be"}, {"start": "00:47:14", "end": "00:47:19", "text": "more competitive, come out with better"}, {"start": "00:47:16", "end": "00:47:21", "text": "models, cheaper models, and the Chinese"}, {"start": "00:47:19", "end": "00:47:23", "text": "models also are dirt cheap. That's"}, {"start": "00:47:21", "end": "00:47:26", "text": "putting pressure on American companies"}, {"start": "00:47:23", "end": "00:47:28", "text": "to go and be cheaper."}, {"start": "00:47:26", "end": "00:47:31", "text": "So, competition is great. If you just"}, {"start": "00:47:28", "end": "00:47:33", "text": "had only one Chad GPT, they could charge"}, {"start": "00:47:31", "end": "00:47:37", "text": "whatever the hell they want and go"}, {"start": "00:47:33", "end": "00:47:41", "text": "really slow. But this is like"}, {"start": "00:47:37", "end": "00:47:43", "text": "this is uh this is like"}, {"start": "00:47:41", "end": "00:47:45", "text": "the new"}, {"start": "00:47:43", "end": "00:47:48", "text": "what do you call it?"}, {"start": "00:47:45", "end": "00:47:51", "text": "The dot era like everyone's rushing"}, {"start": "00:47:48", "end": "00:47:53", "text": "forward I guess. I I don't know if"}, {"start": "00:47:51", "end": "00:47:55", "text": "that's a good analogy. I don't know."}, {"start": "00:47:53", "end": "00:48:00", "text": "It's just a"}, {"start": "00:47:55", "end": "00:48:00", "text": "It's just a new uh frontier, I guess."}, {"start": "00:48:22", "end": "00:48:27", "text": "Yeah. kind of a mixed day. Nvidia is"}, {"start": "00:48:23", "end": "00:48:30", "text": "having a good day up 2% but obviously"}, {"start": "00:48:27", "end": "00:48:32", "text": "look at they're down from their 236"}, {"start": "00:48:30", "end": "00:48:36", "text": "level but they're having a decent day"}, {"start": "00:48:32", "end": "00:48:41", "text": "plus 2%."}, {"start": "00:48:36", "end": "00:48:41", "text": "Intel Micron are down 1%."}, {"start": "00:48:41", "end": "00:48:46", "text": "ETH is having a good day. ETH is up"}, {"start": "00:48:43", "end": "00:48:46", "text": "about 3%."}, {"start": "00:48:48", "end": "00:48:52", "text": "You know, overall just hovering"}, {"start": "00:48:49", "end": "00:48:54", "text": "sideways. Not not a whole lot not a"}, {"start": "00:48:52", "end": "00:48:57", "text": "whole lot of movement E needs to break"}, {"start": "00:48:54", "end": "00:49:01", "text": "what 1851"}, {"start": "00:48:57", "end": "00:49:01", "text": "to kind of break out of this"}, {"start": "00:49:01", "end": "00:49:09", "text": "break out of this uh"}, {"start": "00:49:04", "end": "00:49:13", "text": "this sideways movement since since uh"}, {"start": "00:49:09", "end": "00:49:13", "text": "June early June."}, {"start": "00:49:57", "end": "00:50:02", "text": "What price would you be interested in"}, {"start": "00:49:59", "end": "00:50:05", "text": "SpaceX? If it fell below the the initial"}, {"start": "00:50:02", "end": "00:50:07", "text": "offering 135, I think it would be really"}, {"start": "00:50:05", "end": "00:50:09", "text": "attractive."}, {"start": "00:50:07", "end": "00:50:10", "text": "Right now, it's still holding at like"}, {"start": "00:50:09", "end": "00:50:12", "text": "150s"}, {"start": "00:50:10", "end": "00:50:15", "text": "or something."}, {"start": "00:50:12", "end": "00:50:17", "text": "So, I don't think it's low enough."}, {"start": "00:50:15", "end": "00:50:20", "text": "And they're they are going to issue a"}, {"start": "00:50:17", "end": "00:50:20", "text": "lot more."}, {"start": "00:50:21", "end": "00:50:27", "text": "Yeah, they're 148."}, {"start": "00:50:24", "end": "00:50:29", "text": "They drop to like 130s."}, {"start": "00:50:27", "end": "00:50:31", "text": "I think it'll be attractive right now."}, {"start": "00:50:29", "end": "00:50:34", "text": "It's just still too too high. Two"}, {"start": "00:50:31", "end": "00:50:37", "text": "trillion valuation for SpaceX is too"}, {"start": "00:50:34", "end": "00:50:37", "text": "much."}, {"start": "00:51:19", "end": "00:51:24", "text": "All right, I guess that's pretty much"}, {"start": "00:51:21", "end": "00:51:28", "text": "it. It's a quiet day. Not a whole lot of"}, {"start": "00:51:24", "end": "00:51:28", "text": "new things."}, {"start": "00:51:28", "end": "00:51:35", "text": "got more more ceasefire talk once again."}, {"start": "00:51:32", "end": "00:51:36", "text": "Um,"}, {"start": "00:51:35", "end": "00:51:39", "text": "you know, you still got the Bitcoin"}, {"start": "00:51:36", "end": "00:51:42", "text": "bulls hanging strong and still buying"}, {"start": "00:51:39", "end": "00:51:45", "text": "and increasing mining and all that good"}, {"start": "00:51:42", "end": "00:51:49", "text": "stuff. Got a lot of metrics"}, {"start": "00:51:45", "end": "00:51:51", "text": "charts show that obviously we're in a"}, {"start": "00:51:49", "end": "00:51:55", "text": "bottoming process. Today we're at"}, {"start": "00:51:51", "end": "00:51:58", "text": "64,000. So, we trended up. Overall, it's"}, {"start": "00:51:55", "end": "00:52:00", "text": "just not a bad day. is just"}, {"start": "00:51:58", "end": "00:52:02", "text": "not a lot of big headline news. And I"}, {"start": "00:52:00", "end": "00:52:06", "text": "guess that's a good thing. We don't"}, {"start": "00:52:02", "end": "00:52:09", "text": "always need big headline news."}, {"start": "00:52:06", "end": "00:52:09", "text": "Right."}, {"start": "00:52:11", "end": "00:52:16", "text": "Trudeau raises 10 million in strategic"}, {"start": "00:52:15", "end": "00:52:20", "text": "funding to accelerate AI powered"}, {"start": "00:52:16", "end": "00:52:21", "text": "financial infrastructure."}, {"start": "00:52:20", "end": "00:52:23", "text": "Where are they getting the 10 million"}, {"start": "00:52:21", "end": "00:52:26", "text": "from? That's what I want to know. And"}, {"start": "00:52:23", "end": "00:52:28", "text": "why why do you really need 10 million?"}, {"start": "00:52:26", "end": "00:52:33", "text": "Like if someone offered me 10 million,"}, {"start": "00:52:28", "end": "00:52:35", "text": "okay, to say buy 10% of asslash,"}, {"start": "00:52:33", "end": "00:52:36", "text": "I wouldn't even know what to do with the"}, {"start": "00:52:35", "end": "00:52:38", "text": "10 million. Like I wouldn't even know"}, {"start": "00:52:36", "end": "00:52:41", "text": "how to spend it. You certainly don't"}, {"start": "00:52:38", "end": "00:52:43", "text": "need it to code."}, {"start": "00:52:41", "end": "00:52:45", "text": "You don't need 10 million to code AI"}, {"start": "00:52:43", "end": "00:52:47", "text": "powered financial instruments"}, {"start": "00:52:45", "end": "00:52:49", "text": "infrastructure. You just need like two"}, {"start": "00:52:47", "end": "00:52:51", "text": "guys, three guys that's working with AI"}, {"start": "00:52:49", "end": "00:52:54", "text": "every day and you can build whatever the"}, {"start": "00:52:51", "end": "00:52:57", "text": "hell you want. You could build a"}, {"start": "00:52:54", "end": "00:53:00", "text": "hyperlquid competitor in one day."}, {"start": "00:52:57", "end": "00:53:02", "text": "Um, you could build anything really."}, {"start": "00:53:00", "end": "00:53:06", "text": "People have cloned Discord. People"}, {"start": "00:53:02", "end": "00:53:08", "text": "cloned whatever Minecraft."}, {"start": "00:53:06", "end": "00:53:10", "text": "People cloned it within a day, right?"}, {"start": "00:53:08", "end": "00:53:11", "text": "It's just a matter of getting user. So,"}, {"start": "00:53:10", "end": "00:53:16", "text": "I don't even know what you need 10"}, {"start": "00:53:11", "end": "00:53:20", "text": "million for. maybe a lot of the"}, {"start": "00:53:16", "end": "00:53:22", "text": "I don't know legality stuff like you got"}, {"start": "00:53:20", "end": "00:53:24", "text": "to file a lot of work with lawyers and I"}, {"start": "00:53:22", "end": "00:53:28", "text": "don't I don't know marketing I don't"}, {"start": "00:53:24", "end": "00:53:30", "text": "think you need 10 million for marketing"}, {"start": "00:53:28", "end": "00:53:33", "text": "so I I wouldn't even know what to do"}, {"start": "00:53:30", "end": "00:53:33", "text": "with that that's just too"}, {"start": "00:53:50", "end": "00:53:55", "text": "Yeah, Meta came out. Their Spark 1.1"}, {"start": "00:53:52", "end": "00:53:57", "text": "yesterday got completely overshadowed by"}, {"start": "00:53:55", "end": "00:53:59", "text": "GBD56."}, {"start": "00:53:57", "end": "00:54:01", "text": "And honestly, it's probably a good name"}, {"start": "00:53:59", "end": "00:54:04", "text": "because I tried it out. It's not that"}, {"start": "00:54:01", "end": "00:54:06", "text": "good of a model. It's the benchmarks."}, {"start": "00:54:04", "end": "00:54:08", "text": "They made it they made it seem like it"}, {"start": "00:54:06", "end": "00:54:09", "text": "was a good model, a frontier model with"}, {"start": "00:54:08", "end": "00:54:12", "text": "all the benchmarks, but after testing"}, {"start": "00:54:09", "end": "00:54:16", "text": "it, it's not that good. It's not that"}, {"start": "00:54:12", "end": "00:54:17", "text": "good. And their head of AI was on X like"}, {"start": "00:54:16", "end": "00:54:19", "text": "responding to everyone because everyone"}, {"start": "00:54:17", "end": "00:54:20", "text": "was saying, \"Oh, it wasn't that good.\""}, {"start": "00:54:19", "end": "00:54:22", "text": "And he's like, \"Well, I'm sorry. I want"}, {"start": "00:54:20", "end": "00:54:24", "text": "to talk to you about it.\" Like, he"}, {"start": "00:54:22", "end": "00:54:26", "text": "seemed very desperate for the head of AI"}, {"start": "00:54:24", "end": "00:54:28", "text": "at Meta."}, {"start": "00:54:26", "end": "00:54:30", "text": "You know, he's paid like a billion"}, {"start": "00:54:28", "end": "00:54:33", "text": "dollars a year, him and his team, and"}, {"start": "00:54:30", "end": "00:54:36", "text": "he's like on X trying to"}, {"start": "00:54:33", "end": "00:54:39", "text": "tell people how great"}, {"start": "00:54:36", "end": "00:54:43", "text": "their Meta Muse spark is. They're really"}, {"start": "00:54:39", "end": "00:54:43", "text": "behind. They're really behind."}, {"start": "00:54:56", "end": "00:55:01", "text": "Not a whole lot. Not a whole lot of"}, {"start": "00:54:58", "end": "00:55:01", "text": "interesting things here."}, {"start": "00:55:03", "end": "00:55:08", "text": "Ryan er makes emergency landing after"}, {"start": "00:55:06", "end": "00:55:12", "text": "window dislodged partially sucking"}, {"start": "00:55:08", "end": "00:55:12", "text": "passenger out."}, {"start": "00:55:14", "end": "00:55:18", "text": "How does that happen?"}, {"start": "00:55:21", "end": "00:55:27", "text": "That's That sounds so bad. That sounds"}, {"start": "00:55:24", "end": "00:55:27", "text": "so bad."}, {"start": "00:55:27", "end": "00:55:32", "text": "Mid-flight."}, {"start": "00:55:30", "end": "00:55:35", "text": "I can only laugh at that. That just"}, {"start": "00:55:32", "end": "00:55:37", "text": "sounds so bad. All right, that's it,"}, {"start": "00:55:35", "end": "00:55:39", "text": "guys. Have a good one. Have a good"}, {"start": "00:55:37", "end": "00:55:41", "text": "Friday."}, {"start": "00:55:39", "end": "00:55:43", "text": "Enjoy your weekend."}, {"start": "00:55:41", "end": "00:55:46", "text": "Go check out Ask Clash if you haven't."}, {"start": "00:55:43", "end": "00:55:48", "text": "Go subscribe."}, {"start": "00:55:46", "end": "00:55:50", "text": "Contributes to Clash and you get a lot"}, {"start": "00:55:48", "end": "00:55:52", "text": "more features. the ones I've been"}, {"start": "00:55:50", "end": "00:55:55", "text": "showing you guys and I'm going get back"}, {"start": "00:55:52", "end": "00:55:57", "text": "at it. All right, smash with a like,"}, {"start": "00:55:55", "end": "00:55:59", "text": "subscribe to the channel. Have a good"}, {"start": "00:55:57", "end": "00:55:59", "text": "one."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Oh yes, oh yes, oh yes, oh yes. Guys,"}, {"start": "00:00:02", "end": "00:00:05", "text": "welcome to another episode. And as you"}, {"start": "00:00:03", "end": "00:00:07", "text": "can see right now, Bitcoin is doing"}, {"start": "00:00:05", "end": "00:00:09", "text": "something very interesting. We're still"}, {"start": "00:00:07", "end": "00:00:11", "text": "around the 200 week moving average, but"}, {"start": "00:00:09", "end": "00:00:14", "text": "the drama is running hot, guys. We need"}, {"start": "00:00:11", "end": "00:00:17", "text": "to discuss the BIP 110, which is now"}, {"start": "00:00:14", "end": "00:00:19", "text": "getting to the highest highest highest"}, {"start": "00:00:17", "end": "00:00:22", "text": "echelons of the Bitcoin community."}, {"start": "00:00:19", "end": "00:00:24", "text": "Michael Sailor is saying that it is an"}, {"start": "00:00:22", "end": "00:00:27", "text": "eatrogenic"}, {"start": "00:00:24", "end": "00:00:30", "text": "proposal and iatrogenic means medicine"}, {"start": "00:00:27", "end": "00:00:33", "text": "which makes you more sick. So, Michael"}, {"start": "00:00:30", "end": "00:00:35", "text": "Sailor is taking the stance heavily"}, {"start": "00:00:33", "end": "00:00:37", "text": "against BIP 110. And for all of you who"}, {"start": "00:00:35", "end": "00:00:41", "text": "haven't been following this drama,"}, {"start": "00:00:37", "end": "00:00:43", "text": "basically BIP 110 wants to limit how"}, {"start": "00:00:41", "end": "00:00:47", "text": "much data can be put into Bitcoin. The"}, {"start": "00:00:43", "end": "00:00:50", "text": "core devs increased the number of bytes"}, {"start": "00:00:47", "end": "00:00:52", "text": "you can put and BIP 110 wants to take it"}, {"start": "00:00:50", "end": "00:00:55", "text": "back and make it less. There is a lot of"}, {"start": "00:00:52", "end": "00:00:57", "text": "debates about spam, about many different"}, {"start": "00:00:55", "end": "00:01:00", "text": "things, but the interesting thing is how"}, {"start": "00:00:57", "end": "00:01:04", "text": "divisive it is. Luke Dash Jr. is saying"}, {"start": "00:01:00", "end": "00:01:07", "text": " Fred Krueger is saying that the"}, {"start": "00:01:04", "end": "00:01:10", "text": "increase in data was the eatrogenic"}, {"start": "00:01:07", "end": "00:01:12", "text": "update and so on so forth. The"}, {"start": "00:01:10", "end": "00:01:14", "text": "interesting thing is it's crazy how the"}, {"start": "00:01:12", "end": "00:01:16", "text": "maxis are being split. It's very"}, {"start": "00:01:14", "end": "00:01:19", "text": "interesting to see as you know for us I"}, {"start": "00:01:16", "end": "00:01:21", "text": "mean for us the main thing is quantum. I"}, {"start": "00:01:19", "end": "00:01:22", "text": "want quantum whether less data more"}, {"start": "00:01:21", "end": "00:01:25", "text": "data. I mean Bitcoin works anyway like"}, {"start": "00:01:22", "end": "00:01:27", "text": "more or less we need quantum quantum"}, {"start": "00:01:25", "end": "00:01:28", "text": "quantum quantum. I keep yelling here,"}, {"start": "00:01:27", "end": "00:01:31", "text": "but anyway, we're going to be covering"}, {"start": "00:01:28", "end": "00:01:34", "text": "the the drama. But here's the thing."}, {"start": "00:01:31", "end": "00:01:36", "text": "While we are at the 200E moving average,"}, {"start": "00:01:34", "end": "00:01:37", "text": "while we're still facing a potential"}, {"start": "00:01:36", "end": "00:01:40", "text": "risk of a breakdown, although as long as"}, {"start": "00:01:37", "end": "00:01:43", "text": "we're bu above the 200 moving average,"}, {"start": "00:01:40", "end": "00:01:46", "text": "we do have support. Just realize that uh"}, {"start": "00:01:43", "end": "00:01:48", "text": "it doesn't matter like it matters very"}, {"start": "00:01:46", "end": "00:01:50", "text": "little now. Bitcoin is cheap now. Buying"}, {"start": "00:01:48", "end": "00:01:53", "text": "now the 200 moving average is smart and"}, {"start": "00:01:50", "end": "00:01:56", "text": "buying if it goes lower is also smart. I"}, {"start": "00:01:53", "end": "00:01:57", "text": "mean, you get the full IQ point whatever"}, {"start": "00:01:56", "end": "00:01:59", "text": "you do here. That's the best kind of"}, {"start": "00:01:57", "end": "00:02:02", "text": "scenario to be in right now because we"}, {"start": "00:01:59", "end": "00:02:04", "text": "have so much money from selling in Q4."}, {"start": "00:02:02", "end": "00:02:07", "text": "Whether you DCA slowly here or you wait"}, {"start": "00:02:04", "end": "00:02:09", "text": "or you wait for the bull flip that will"}, {"start": "00:02:07", "end": "00:02:11", "text": "happen at some point where we go bullish"}, {"start": "00:02:09", "end": "00:02:13", "text": "on the money line. Any of these two"}, {"start": "00:02:11", "end": "00:02:15", "text": "options is fantastic. It's fantastic. So"}, {"start": "00:02:13", "end": "00:02:17", "text": "yeah, don't worry too much. You can DCA"}, {"start": "00:02:15", "end": "00:02:20", "text": "slowly in the buy zone in the green area"}, {"start": "00:02:17", "end": "00:02:22", "text": "right here without feeling bad. But do"}, {"start": "00:02:20", "end": "00:02:25", "text": "it slowly. Don't don't go heavily. Maybe"}, {"start": "00:02:22", "end": "00:02:27", "text": "deploy 10 15% of your assets in the buy"}, {"start": "00:02:25", "end": "00:02:29", "text": "zone while we are still in the bare"}, {"start": "00:02:27", "end": "00:02:32", "text": "trend. And when we go into bull trend,"}, {"start": "00:02:29", "end": "00:02:34", "text": "that's the big fat fat signal. Look here"}, {"start": "00:02:32", "end": "00:02:36", "text": "also trades saying the true bull case"}, {"start": "00:02:34", "end": "00:02:39", "text": "for for crypto next cycle is very clear."}, {"start": "00:02:36", "end": "00:02:41", "text": "We used to be excited about crypto"}, {"start": "00:02:39", "end": "00:02:43", "text": "trading in stratfi but the future is"}, {"start": "00:02:41", "end": "00:02:45", "text": "stratfi trading on crypto. I love this"}, {"start": "00:02:43", "end": "00:02:48", "text": "uh take. I love this take. I love this"}, {"start": "00:02:45", "end": "00:02:49", "text": "take. In the past we got the ETF, we get"}, {"start": "00:02:48", "end": "00:02:51", "text": "so excited. We start clapping like"}, {"start": "00:02:49", "end": "00:02:54", "text": "freaking you know seals seals in the"}, {"start": "00:02:51", "end": "00:02:57", "text": "zoo. We we clap we got ECF. Okay. Now"}, {"start": "00:02:54", "end": "00:03:00", "text": "it's actually vice versa. You have TRAFi"}, {"start": "00:02:57", "end": "00:03:04", "text": "massively coming into crypto adopting"}, {"start": "00:03:00", "end": "00:03:07", "text": "all kinds of uh protocols including the"}, {"start": "00:03:04", "end": "00:03:09", "text": "big bankers currently tokenizing like"}, {"start": "00:03:07", "end": "00:03:12", "text": "there's no tomorrow. JP Morgan Gold"}, {"start": "00:03:09", "end": "00:03:14", "text": "they're tokenizing. Also here DTCC"}, {"start": "00:03:12", "end": "00:03:16", "text": "tokenizing chain maybe finally will get"}, {"start": "00:03:14", "end": "00:03:18", "text": "a pump as they are gluing it all"}, {"start": "00:03:16", "end": "00:03:21", "text": "together. uh on the finance saying that"}, {"start": "00:03:18", "end": "00:03:25", "text": "they will be working with DTCC which is"}, {"start": "00:03:21", "end": "00:03:28", "text": "basically this this service where all of"}, {"start": "00:03:25", "end": "00:03:30", "text": "the stocks in the uh US stock exchange"}, {"start": "00:03:28", "end": "00:03:32", "text": "are being casted. Okay, [gasps] it's"}, {"start": "00:03:30", "end": "00:03:35", "text": "kind of like Eurolear in um Europe where"}, {"start": "00:03:32", "end": "00:03:37", "text": "if you trade stocks in the EU, the"}, {"start": "00:03:35", "end": "00:03:39", "text": "custody of the stocks are actually with"}, {"start": "00:03:37", "end": "00:03:41", "text": "Eurocar. That's where the central"}, {"start": "00:03:39", "end": "00:03:43", "text": "registry is. DTCC is the same for the US"}, {"start": "00:03:41", "end": "00:03:46", "text": "and they are tokenizing they're"}, {"start": "00:03:43", "end": "00:03:48", "text": "tokenizing this central uh treasury. But"}, {"start": "00:03:46", "end": "00:03:50", "text": "that's number one. Then also you have"}, {"start": "00:03:48", "end": "00:03:52", "text": "tradi needing to tokenize unlock. So"}, {"start": "00:03:50", "end": "00:03:53", "text": "that's what we mentioned. But also US"}, {"start": "00:03:52", "end": "00:03:56", "text": "governments to need stable coins to"}, {"start": "00:03:53", "end": "00:03:58", "text": "monetize the debt. That's number two."}, {"start": "00:03:56", "end": "00:04:00", "text": "agents will drive the next expansion of"}, {"start": "00:03:58", "end": "00:04:02", "text": "the markets. The fact that you have"}, {"start": "00:04:00", "end": "00:04:04", "text": "automatic trading, automatic discovery"}, {"start": "00:04:02", "end": "00:04:06", "text": "of opportunity and so on so forth. The"}, {"start": "00:04:04", "end": "00:04:07", "text": "market is still trying to to bottom."}, {"start": "00:04:06", "end": "00:04:09", "text": "There's no need to rush it. The"}, {"start": "00:04:07", "end": "00:04:11", "text": "four-year cycle places the bottom in"}, {"start": "00:04:09", "end": "00:04:12", "text": "early October. I mean, basically what"}, {"start": "00:04:11", "end": "00:04:14", "text": "we've been saying here since the last"}, {"start": "00:04:12", "end": "00:04:16", "text": "October. [laughter] We've been saying"}, {"start": "00:04:14", "end": "00:04:19", "text": "since the last October, but it's okay. I"}, {"start": "00:04:16", "end": "00:04:21", "text": "fully agree. Until that cycle breaks,"}, {"start": "00:04:19", "end": "00:04:23", "text": "the risk mitigate approach is simple."}, {"start": "00:04:21", "end": "00:04:25", "text": "Hold cash for the moment. The next cycle"}, {"start": "00:04:23", "end": "00:04:27", "text": "won't be about memes, though they will"}, {"start": "00:04:25", "end": "00:04:29", "text": "still exist. I mean, let's see. Memes"}, {"start": "00:04:27", "end": "00:04:31", "text": "are always here. People love memes."}, {"start": "00:04:29", "end": "00:04:33", "text": "People mint memes every day. So, memes"}, {"start": "00:04:31", "end": "00:04:36", "text": "likely is going to be a big part. The"}, {"start": "00:04:33", "end": "00:04:38", "text": "next cycle is about optimizing traffic"}, {"start": "00:04:36", "end": "00:04:41", "text": "with crypto. You hear this from Vlad uh"}, {"start": "00:04:38", "end": "00:04:42", "text": "from Vlad to Larry. RWA will eventually"}, {"start": "00:04:41", "end": "00:04:44", "text": "mean everything on chain. I'm just not"}, {"start": "00:04:42", "end": "00:04:47", "text": "sure how much this is going to pump. You"}, {"start": "00:04:44", "end": "00:04:49", "text": "know, when this DTCC is doing stuff on"}, {"start": "00:04:47", "end": "00:04:51", "text": "chain, it doesn't lead to pump. like no"}, {"start": "00:04:49", "end": "00:04:53", "text": "one is actually pumping crypto coins"}, {"start": "00:04:51", "end": "00:04:54", "text": "before DT because DTCC did some"}, {"start": "00:04:53", "end": "00:04:57", "text": "tokenization. I mean that's the only"}, {"start": "00:04:54", "end": "00:04:58", "text": "problem I have with the statement about"}, {"start": "00:04:57", "end": "00:04:59", "text": "the fact that memes will not be"}, {"start": "00:04:58", "end": "00:05:01", "text": "important. I think memes are going to be"}, {"start": "00:04:59", "end": "00:05:03", "text": "super important super important and"}, {"start": "00:05:01", "end": "00:05:05", "text": "they're going to be fueled fueled by"}, {"start": "00:05:03", "end": "00:05:08", "text": "money coming into all kinds of"}, {"start": "00:05:05", "end": "00:05:10", "text": "directions from AI as AI bubble is"}, {"start": "00:05:08", "end": "00:05:12", "text": "deflating also all of these initiatives"}, {"start": "00:05:10", "end": "00:05:13", "text": "that that are listed here they obviously"}, {"start": "00:05:12", "end": "00:05:16", "text": "going to bring more money overall"}, {"start": "00:05:13", "end": "00:05:18", "text": "overall to crypto. So RVA will"}, {"start": "00:05:16", "end": "00:05:20", "text": "eventually mean everything uh everything"}, {"start": "00:05:18", "end": "00:05:22", "text": "onchain I guess like onchain what do you"}, {"start": "00:05:20", "end": "00:05:25", "text": "mean offchain onchain onchain [laughter]"}, {"start": "00:05:22", "end": "00:05:28", "text": "for now I focus um on public equities"}, {"start": "00:05:25", "end": "00:05:30", "text": "and commodities as first wave crypto"}, {"start": "00:05:28", "end": "00:05:33", "text": "exchanges indexes are already far"}, {"start": "00:05:30", "end": "00:05:35", "text": "superior uh etc etc so here's where I"}, {"start": "00:05:33", "end": "00:05:37", "text": "agree here's where I agree all of this"}, {"start": "00:05:35", "end": "00:05:41", "text": "is fully correct I totally agree with"}, {"start": "00:05:37", "end": "00:05:43", "text": "that and the thing is for a big pump you"}, {"start": "00:05:41", "end": "00:05:46", "text": "actually want things disconnected from"}, {"start": "00:05:43", "end": "00:05:48", "text": "like RWA or reality because the the"}, {"start": "00:05:46", "end": "00:05:50", "text": "things connected to reality they don't"}, {"start": "00:05:48", "end": "00:05:53", "text": "pump okay they don't pump when things"}, {"start": "00:05:50", "end": "00:05:54", "text": "disconnect from reality like memes so my"}, {"start": "00:05:53", "end": "00:05:57", "text": "thesis is a bit different I agree with"}, {"start": "00:05:54", "end": "00:05:59", "text": "all of this but my conclusion is that"}, {"start": "00:05:57", "end": "00:06:01", "text": "this will lead to a lot of capital in"}, {"start": "00:05:59", "end": "00:06:03", "text": "this industry that's going to go into"}, {"start": "00:06:01", "end": "00:06:04", "text": "things that can pump a lot including"}, {"start": "00:06:03", "end": "00:06:06", "text": "memes including other things I mean"}, {"start": "00:06:04", "end": "00:06:09", "text": "maybe some technological fundamental"}, {"start": "00:06:06", "end": "00:06:11", "text": "coins but you know RWA I mean this kind"}, {"start": "00:06:09", "end": "00:06:13", "text": "of tokenizing stock it does not lead to"}, {"start": "00:06:11", "end": "00:06:15", "text": "pump because it's so real you understand"}, {"start": "00:06:13", "end": "00:06:17", "text": "it's actually a problem when things are"}, {"start": "00:06:15", "end": "00:06:19", "text": "too real. Because when you have a real"}, {"start": "00:06:17", "end": "00:06:21", "text": "business tokenizing or a real use cases"}, {"start": "00:06:19", "end": "00:06:25", "text": "tokenizing, it's very easy to see how"}, {"start": "00:06:21", "end": "00:06:27", "text": "small it is. When you can see the end"}, {"start": "00:06:25", "end": "00:06:29", "text": "and the beginning, you see, man, it's"}, {"start": "00:06:27", "end": "00:06:31", "text": "quite small. Can it go a,000x? Why would"}, {"start": "00:06:29", "end": "00:06:33", "text": "it go a,000x? I mean, you see, it's it's"}, {"start": "00:06:31", "end": "00:06:34", "text": "something that makes sense. It's"}, {"start": "00:06:33", "end": "00:06:36", "text": "something that's rational. And so, when"}, {"start": "00:06:34", "end": "00:06:38", "text": "it's rational, the price is also"}, {"start": "00:06:36", "end": "00:06:39", "text": "rational. In bull market, we want"}, {"start": "00:06:38", "end": "00:06:41", "text": "irrational. When things that don't have"}, {"start": "00:06:39", "end": "00:06:44", "text": "any connection to reality, they just fly"}, {"start": "00:06:41", "end": "00:06:46", "text": "and fly and fly and fly like dog dog"}, {"start": "00:06:44", "end": "00:06:48", "text": "with hat. You don't know how how big"}, {"start": "00:06:46", "end": "00:06:51", "text": "it's going to be. Like for coin, hot air"}, {"start": "00:06:48", "end": "00:06:52", "text": "rises to the top [laughter]"}, {"start": "00:06:51", "end": "00:06:54", "text": "and all of the other stuff. [gasps] So"}, {"start": "00:06:52", "end": "00:06:56", "text": "let's see guys if it's memes or not, but"}, {"start": "00:06:54", "end": "00:06:58", "text": "one thing is clear. Money is coming big"}, {"start": "00:06:56", "end": "00:07:00", "text": "time, big time. Big time. Big time."}, {"start": "00:06:58", "end": "00:07:01", "text": "Guys, welcome everyone to the stream."}, {"start": "00:07:00", "end": "00:07:03", "text": "Today we have high tempo. Let me know if"}, {"start": "00:07:01", "end": "00:07:05", "text": "you love a bit higher tempo. Why?"}, {"start": "00:07:03", "end": "00:07:07", "text": "Because we actually have limited time. I"}, {"start": "00:07:05", "end": "00:07:09", "text": "have approximately 25 more minutes, 30"}, {"start": "00:07:07", "end": "00:07:11", "text": "minutes, but we're going to cram so much"}, {"start": "00:07:09", "end": "00:07:13", "text": "so much into this. Uh, while you are"}, {"start": "00:07:11", "end": "00:07:15", "text": "making yourself comfortable, while we"}, {"start": "00:07:13", "end": "00:07:17", "text": "are giving a big shout out to Guzman for"}, {"start": "00:07:15", "end": "00:07:19", "text": "time stamping us, check the link below"}, {"start": "00:07:17", "end": "00:07:20", "text": "for the quiz. Guys, if you still haven't"}, {"start": "00:07:19", "end": "00:07:22", "text": "done the quiz, do it as soon as"}, {"start": "00:07:20", "end": "00:07:24", "text": "possible. Basically, it's going to ask"}, {"start": "00:07:22", "end": "00:07:26", "text": "you about how you trade, the mistakes"}, {"start": "00:07:24", "end": "00:07:27", "text": "you made, are you active trader, are you"}, {"start": "00:07:26", "end": "00:07:28", "text": "long-term investor? You click, okay,"}, {"start": "00:07:27", "end": "00:07:30", "text": "let's say you're an active trader. You"}, {"start": "00:07:28", "end": "00:07:32", "text": "click here. [clears throat] Then what"}, {"start": "00:07:30", "end": "00:07:34", "text": "usually gets you into positions you need"}, {"start": "00:07:32", "end": "00:07:36", "text": "to select what happened how you make"}, {"start": "00:07:34", "end": "00:07:39", "text": "positions be honest be honest don't say"}, {"start": "00:07:36", "end": "00:07:41", "text": "research if you just go by gut feeling"}, {"start": "00:07:39", "end": "00:07:43", "text": "just okay say gut feeling then a"}, {"start": "00:07:41", "end": "00:07:46", "text": "position is down 30 cents we analyze"}, {"start": "00:07:43", "end": "00:07:48", "text": "your brain step by step by step by step"}, {"start": "00:07:46", "end": "00:07:50", "text": "and then we give you concrete action"}, {"start": "00:07:48", "end": "00:07:52", "text": "points how to fix it so you don't wreck"}, {"start": "00:07:50", "end": "00:07:55", "text": "yourself again in the next bull market"}, {"start": "00:07:52", "end": "00:07:56", "text": "is fully free quiz at the end of the day"}, {"start": "00:07:55", "end": "00:07:59", "text": "at the end at the end of course you get"}, {"start": "00:07:56", "end": "00:08:00", "text": "a evaluation fully"}, {"start": "00:07:59", "end": "00:08:02", "text": "do it as soon as soon as soon as"}, {"start": "00:08:00", "end": "00:08:04", "text": "possible, you're going to thank yourself"}, {"start": "00:08:02", "end": "00:08:07", "text": "that you did it. Because just getting"}, {"start": "00:08:04", "end": "00:08:09", "text": "someone to look at you with a sober"}, {"start": "00:08:07", "end": "00:08:11", "text": "face, you're not sober. You're not"}, {"start": "00:08:09", "end": "00:08:13", "text": "sober. You are drunk on the mania."}, {"start": "00:08:11", "end": "00:08:15", "text": "You're drunk on the lies that the"}, {"start": "00:08:13", "end": "00:08:17", "text": "Instagram has been telling you. So do"}, {"start": "00:08:15", "end": "00:08:18", "text": "it. Link is below first link. And uh"}, {"start": "00:08:17", "end": "00:08:20", "text": "yeah, confirm that you've done it and"}, {"start": "00:08:18", "end": "00:08:22", "text": "share the score. Share the score also"}, {"start": "00:08:20", "end": "00:08:23", "text": "that that you got. Next, next. Next."}, {"start": "00:08:22", "end": "00:08:25", "text": "Moving on. Moving on. Look here. Larry."}, {"start": "00:08:23", "end": "00:08:27", "text": "Larry. Larry. Larry. He's saying"}, {"start": "00:08:25", "end": "00:08:28", "text": "basically bottom is bottom is in for"}, {"start": "00:08:27", "end": "00:08:30", "text": "crypto. [laughter]"}, {"start": "00:08:28", "end": "00:08:33", "text": "[gasps] Let's see what he says."}, {"start": "00:08:30", "end": "00:08:35", "text": ">> There's no question as I said it in"}, {"start": "00:08:33", "end": "00:08:37", "text": "earlier times and over here. I was"}, {"start": "00:08:35", "end": "00:08:39", "text": "always worried about the leverage in in"}, {"start": "00:08:37", "end": "00:08:41", "text": "Bitcoin and crypto. There is too much"}, {"start": "00:08:39", "end": "00:08:43", "text": "leverage players in it. That's why we"}, {"start": "00:08:41", "end": "00:08:46", "text": "had the wash out and I think there's"}, {"start": "00:08:43", "end": "00:08:49", "text": "more stability at these levels here. But"}, {"start": "00:08:46", "end": "00:08:51", "text": "um no I we don't see that much implicit"}, {"start": "00:08:49", "end": "00:08:54", "text": "leverage for the scale of the capital"}, {"start": "00:08:51", "end": "00:08:57", "text": "markets today. the leverage is not as"}, {"start": "00:08:54", "end": "00:08:59", "text": "large. I mean that that that doesn't"}, {"start": "00:08:57", "end": "00:09:02", "text": "mean there's not pockets."}, {"start": "00:08:59", "end": "00:09:04", "text": "Uh but no, I I I as I said in my"}, {"start": "00:09:02", "end": "00:09:06", "text": "prepared remarks this morning, I'm very"}, {"start": "00:09:04", "end": "00:09:08", "text": "bullish on the markets over the next 12"}, {"start": "00:09:06", "end": "00:09:11", "text": "months. I think the tech technological"}, {"start": "00:09:08", "end": "00:09:13", "text": "revolution is going to power uh better"}, {"start": "00:09:11", "end": "00:09:14", "text": "margins for more companies. I mean,"}, {"start": "00:09:13", "end": "00:09:17", "text": "think about Black Rockck. We've raised"}, {"start": "00:09:14", "end": "00:09:18", "text": "our margins increased by 260 base points"}, {"start": "00:09:17", "end": "00:09:20", "text": "over the last 12 months. A lot of it is"}, {"start": "00:09:18", "end": "00:09:22", "text": "using more and more technology."}, {"start": "00:09:20", "end": "00:09:24", "text": ">> Very good. Very good. So he's speaking"}, {"start": "00:09:22", "end": "00:09:26", "text": "about margins, tokenization, blockchain"}, {"start": "00:09:24", "end": "00:09:29", "text": "and so on so forth crypto overall. So"}, {"start": "00:09:26", "end": "00:09:31", "text": "currently we have um no leverage he says"}, {"start": "00:09:29", "end": "00:09:32", "text": "basically no or very little leverage"}, {"start": "00:09:31", "end": "00:09:34", "text": "when it comes to the market and that's"}, {"start": "00:09:32", "end": "00:09:36", "text": "good because bare markets is here for"}, {"start": "00:09:34", "end": "00:09:39", "text": "one reason to remove leverage to remove"}, {"start": "00:09:36", "end": "00:09:42", "text": "all of the uh over over overly greedy"}, {"start": "00:09:39", "end": "00:09:44", "text": "actions we've done all of the ponzomics"}, {"start": "00:09:42", "end": "00:09:46", "text": "and it's happening it's happening very"}, {"start": "00:09:44", "end": "00:09:49", "text": "very fast now yes let's speak about the"}, {"start": "00:09:46", "end": "00:09:52", "text": "kind of civil war it's kind of crazy to"}, {"start": "00:09:49", "end": "00:09:54", "text": "see this I mean you have Luke Luke Dash"}, {"start": "00:09:52", "end": "00:09:56", "text": "Jring"}, {"start": "00:09:54", "end": "00:09:58", "text": "Michael Sailor and this is one of the"}, {"start": "00:09:56", "end": "00:10:01", "text": "core devs, at least previous ones. Now I"}, {"start": "00:09:58", "end": "00:10:02", "text": "think he Let's see. He is he doing his"}, {"start": "00:10:01", "end": "00:10:03", "text": "own thing now? Bitcoin Cordoval. Yeah,"}, {"start": "00:10:02", "end": "00:10:05", "text": "he's maybe he's still doing his own"}, {"start": "00:10:03", "end": "00:10:07", "text": "thing. Guys, I haven't been following"}, {"start": "00:10:05", "end": "00:10:08", "text": "the drama too much because to me it's"}, {"start": "00:10:07", "end": "00:10:11", "text": "moronic like the whole both sides both"}, {"start": "00:10:08", "end": "00:10:14", "text": "sides. It's like Yeah, I mean both of"}, {"start": "00:10:11", "end": "00:10:16", "text": "them are not too great. They number one,"}, {"start": "00:10:14", "end": "00:10:17", "text": "they shouldn't do anything to Bitcoin."}, {"start": "00:10:16", "end": "00:10:20", "text": "They should leave it alone. But number"}, {"start": "00:10:17", "end": "00:10:22", "text": "two, so much energy is put into this"}, {"start": "00:10:20", "end": "00:10:24", "text": "instead of fixing quantum. It blows my"}, {"start": "00:10:22", "end": "00:10:28", "text": "mind. Blows my mind. But you have two"}, {"start": "00:10:24", "end": "00:10:30", "text": "camps. One camp is Adam Bach, Samson,"}, {"start": "00:10:28", "end": "00:10:34", "text": "Mao, the classical guys and the other"}, {"start": "00:10:30", "end": "00:10:36", "text": "camp is a bunch of other classical guys"}, {"start": "00:10:34", "end": "00:10:38", "text": "[laughter] that are switching side and"}, {"start": "00:10:36", "end": "00:10:41", "text": "they don't want more data. And there are"}, {"start": "00:10:38", "end": "00:10:43", "text": "all kinds of theories why Adam Bach"}, {"start": "00:10:41", "end": "00:10:46", "text": "wants more data in Bitcoin and why he"}, {"start": "00:10:43", "end": "00:10:49", "text": "wants to stop this proposal that is"}, {"start": "00:10:46", "end": "00:10:50", "text": "decreasing the data. Of course, the"}, {"start": "00:10:49", "end": "00:10:51", "text": "reason why they want to decrease the"}, {"start": "00:10:50", "end": "00:10:54", "text": "data is because they say that it's going"}, {"start": "00:10:51", "end": "00:10:57", "text": "to be spam, decentralized, etc., etc.,"}, {"start": "00:10:54", "end": "00:10:59", "text": "etc. I mean to me these reactions in"}, {"start": "00:10:57", "end": "00:11:01", "text": "many cases is overly dramatic. I mean"}, {"start": "00:10:59", "end": "00:11:02", "text": "you have all kinds of developments in"}, {"start": "00:11:01", "end": "00:11:05", "text": "hardware. We have all kinds of of"}, {"start": "00:11:02", "end": "00:11:07", "text": "developments overall in tech and instead"}, {"start": "00:11:05", "end": "00:11:08", "text": "of focusing on quantum we're debating"}, {"start": "00:11:07", "end": "00:11:10", "text": "should we have this many bytes or that"}, {"start": "00:11:08", "end": "00:11:12", "text": "many bytes man fix quantum quantum"}, {"start": "00:11:10", "end": "00:11:14", "text": "quantum quantum I keep repeating but"}, {"start": "00:11:12", "end": "00:11:17", "text": "anyway they're saying that the reason"}, {"start": "00:11:14", "end": "00:11:19", "text": "why Adam back doesn't like BIP 110 which"}, {"start": "00:11:17", "end": "00:11:21", "text": "minimizes the data is because he's"}, {"start": "00:11:19", "end": "00:11:23", "text": "publicly said numerous times their"}, {"start": "00:11:21", "end": "00:11:25", "text": "desire to put simplicity their smart"}, {"start": "00:11:23", "end": "00:11:29", "text": "contract protocol on bitcoin mainet so"}, {"start": "00:11:25", "end": "00:11:31", "text": "Adam back apparently has a project where"}, {"start": "00:11:29", "end": "00:11:33", "text": "he needs more contracts and for that you"}, {"start": "00:11:31", "end": "00:11:35", "text": "need more data on Bitcoin. He calls it"}, {"start": "00:11:33", "end": "00:11:38", "text": "the last software. It would require"}, {"start": "00:11:35", "end": "00:11:40", "text": "certain parts of Taproot that BIP 110"}, {"start": "00:11:38", "end": "00:11:44", "text": "would hinder. It would prevent them from"}, {"start": "00:11:40", "end": "00:11:46", "text": "putting non Bitcoin uh assets on the"}, {"start": "00:11:44", "end": "00:11:49", "text": "Bitcoin base layer. Simplicity is"}, {"start": "00:11:46", "end": "00:11:51", "text": "currently on their side chain liquid. So"}, {"start": "00:11:49", "end": "00:11:53", "text": "here is by the way where I agree with"}, {"start": "00:11:51", "end": "00:11:57", "text": "this analysis. Adam back and blogstream"}, {"start": "00:11:53", "end": "00:11:58", "text": "they do have a history of trying to ship"}, {"start": "00:11:57", "end": "00:12:02", "text": "proprietary"}, {"start": "00:11:58", "end": "00:12:04", "text": "uh protocols forprofit protocols uh"}, {"start": "00:12:02", "end": "00:12:06", "text": "under the guise of it being core bitcoin"}, {"start": "00:12:04", "end": "00:12:08", "text": "technology liquid is being one of them I"}, {"start": "00:12:06", "end": "00:12:10", "text": "remember when bitcoin shipped uh sorry"}, {"start": "00:12:08", "end": "00:12:12", "text": "when liquid shipped uh this was"}, {"start": "00:12:10", "end": "00:12:14", "text": "obviously soon 10 years ago or something"}, {"start": "00:12:12", "end": "00:12:15", "text": "like that I was excited I mean I was"}, {"start": "00:12:14", "end": "00:12:17", "text": "still a noob I was still believing in"}, {"start": "00:12:15", "end": "00:12:20", "text": "the lightning network I was so excited"}, {"start": "00:12:17", "end": "00:12:23", "text": "I'm checking liquid I see man it is kind"}, {"start": "00:12:20", "end": "00:12:25", "text": "of uh a business thing like it's a"}, {"start": "00:12:23", "end": "00:12:27", "text": "business product if anything I'm like"}, {"start": "00:12:25", "end": "00:12:28", "text": "okay how can I use liquid ah you can't"}, {"start": "00:12:27", "end": "00:12:30", "text": "it's only for exchanges that we allow"}, {"start": "00:12:28", "end": "00:12:31", "text": "okay what do you mean you allow what do"}, {"start": "00:12:30", "end": "00:12:33", "text": "you mean you allow I thought we're"}, {"start": "00:12:31", "end": "00:12:35", "text": "kumbaya I thought we are"}, {"start": "00:12:33", "end": "00:12:37", "text": "decentralization I thought we are per"}, {"start": "00:12:35", "end": "00:12:40", "text": "what do you mean you need to accept I"}, {"start": "00:12:37", "end": "00:12:43", "text": "cannot join liquid okay okay quickly I"}, {"start": "00:12:40", "end": "00:12:45", "text": "understood this is a product for profit"}, {"start": "00:12:43", "end": "00:12:47", "text": "and then does it make sense to keep"}, {"start": "00:12:45", "end": "00:12:50", "text": "Bitcoin slightly crippled when you can"}, {"start": "00:12:47", "end": "00:12:52", "text": "ship your own products it does so"}, {"start": "00:12:50", "end": "00:12:54", "text": "already then I kind of thinking maybe"}, {"start": "00:12:52", "end": "00:12:57", "text": "they want to keep Bitcoin so low data"}, {"start": "00:12:54", "end": "00:12:59", "text": "not necessarily only because of spam but"}, {"start": "00:12:57", "end": "00:13:01", "text": "because they need liquid to be to have a"}, {"start": "00:12:59", "end": "00:13:03", "text": "product market fit but now they're"}, {"start": "00:13:01", "end": "00:13:07", "text": "actually vice versa the same guys that"}, {"start": "00:13:03", "end": "00:13:10", "text": "in 2017 wanted small blocks no big data"}, {"start": "00:13:07", "end": "00:13:12", "text": "on um on Bitcoin now they now they want"}, {"start": "00:13:10", "end": "00:13:13", "text": "more data now they want more data"}, {"start": "00:13:12", "end": "00:13:16", "text": "because they have another product"}, {"start": "00:13:13", "end": "00:13:18", "text": "simplicity and it needs more data I"}, {"start": "00:13:16", "end": "00:13:20", "text": "could easily see it that way also again"}, {"start": "00:13:18", "end": "00:13:22", "text": "I'm I'm neither this or that I don't"}, {"start": "00:13:20", "end": "00:13:23", "text": "really have a dog in this race. I have a"}, {"start": "00:13:22", "end": "00:13:26", "text": "dog in the quantum race. I want them to"}, {"start": "00:13:23", "end": "00:13:29", "text": "fix quantum and not debate this"}, {"start": "00:13:26", "end": "00:13:30", "text": "bite bite here, bite there. But anyway,"}, {"start": "00:13:29", "end": "00:13:32", "text": "it wouldn't surprise me. Blockstream had"}, {"start": "00:13:30", "end": "00:13:34", "text": "a very significant role in the"}, {"start": "00:13:32", "end": "00:13:36", "text": "development and introduction of tap tap"}, {"start": "00:13:34", "end": "00:13:38", "text": "routt within bitcoin core. Did they have"}, {"start": "00:13:36", "end": "00:13:40", "text": "this planned all along? Taproot on one"}, {"start": "00:13:38", "end": "00:13:43", "text": "so eventually they can support"}, {"start": "00:13:40", "end": "00:13:46", "text": "simplicity. Was the taproot inscription"}, {"start": "00:13:43", "end": "00:13:48", "text": "bug just an byproduct or intentional?"}, {"start": "00:13:46", "end": "00:13:51", "text": "Because you remember when tapper got"}, {"start": "00:13:48", "end": "00:13:54", "text": "released the whole uh this uh uh be what"}, {"start": "00:13:51", "end": "00:13:56", "text": "is beep 20 what's called bip 20 like all"}, {"start": "00:13:54", "end": "00:13:58", "text": "of the NFTs on biscon started simplicity"}, {"start": "00:13:56", "end": "00:14:01", "text": "was conceived by blogstream's Russell"}, {"start": "00:13:58", "end": "00:14:04", "text": "okconer 2017 Greg Maxwell proposed the"}, {"start": "00:14:01", "end": "00:14:06", "text": "idea of tap routt in 2018 and blogstream"}, {"start": "00:14:04", "end": "00:14:08", "text": "employees had by far the biggest role in"}, {"start": "00:14:06", "end": "00:14:09", "text": "taproot development you can read more"}, {"start": "00:14:08", "end": "00:14:12", "text": "here but it's it's a bit of a drama it's"}, {"start": "00:14:09", "end": "00:14:14", "text": "a bit of a drama what's going to happen"}, {"start": "00:14:12", "end": "00:14:16", "text": "uh look here Adam I'm back I hate spam"}, {"start": "00:14:14", "end": "00:14:19", "text": "be honest but"}, {"start": "00:14:16", "end": "00:14:22", "text": "But it just can't be stopped. And the BP"}, {"start": "00:14:19", "end": "00:14:24", "text": "110 is very bad. Andy B 110 breaks the"}, {"start": "00:14:22", "end": "00:14:26", "text": "capabilities required to fork simplicity"}, {"start": "00:14:24", "end": "00:14:28", "text": "into Bitcoin and make it ETH 2.0. Thank"}, {"start": "00:14:26", "end": "00:14:30", "text": "you. [laughter]"}, {"start": "00:14:28", "end": "00:14:32", "text": "I I can see it like that. I can see it"}, {"start": "00:14:30", "end": "00:14:34", "text": "like that also guys. I mean in this case"}, {"start": "00:14:32", "end": "00:14:39", "text": "I see both sides. I see both sides. Now"}, {"start": "00:14:34", "end": "00:14:43", "text": "as you know Sailor he said that Bip is"}, {"start": "00:14:39", "end": "00:14:46", "text": "no bueno and and he now has quite a big"}, {"start": "00:14:43", "end": "00:14:48", "text": "decision power just like Vinnie Lingham"}, {"start": "00:14:46", "end": "00:14:49", "text": "said two years ago Michael S is now the"}, {"start": "00:14:48", "end": "00:14:51", "text": "second most powerful person in Bitcoin"}, {"start": "00:14:49", "end": "00:14:53", "text": "after Satoshi he can single-handedly"}, {"start": "00:14:51", "end": "00:14:55", "text": "decide the fate of any future"}, {"start": "00:14:53", "end": "00:14:58", "text": "contentious issue. So people are saying"}, {"start": "00:14:55", "end": "00:15:00", "text": "that big Bitcoin aka Sailor like big"}, {"start": "00:14:58", "end": "00:15:02", "text": "corporations in Bitcoin don't like BIP"}, {"start": "00:15:00", "end": "00:15:05", "text": "110. So let's see what's going to"}, {"start": "00:15:02", "end": "00:15:06", "text": "happen. BIP 110 is being all wrong. It's"}, {"start": "00:15:05", "end": "00:15:09", "text": "being done all wrong. If you really"}, {"start": "00:15:06", "end": "00:15:11", "text": "wanted uh 83 byt limits, you should have"}, {"start": "00:15:09", "end": "00:15:14", "text": "just done it in the right way by bribing"}, {"start": "00:15:11", "end": "00:15:15", "text": "core throwing shade left and right."}, {"start": "00:15:14", "end": "00:15:17", "text": "There is so much shade being thrown"}, {"start": "00:15:15", "end": "00:15:20", "text": "here. And this is the most weird one."}, {"start": "00:15:17", "end": "00:15:21", "text": "Luke Dash Jr. Uh previously core"}, {"start": "00:15:20", "end": "00:15:23", "text": "developer. Maybe he's still core"}, {"start": "00:15:21", "end": "00:15:26", "text": "developer. He has 11 children. Holy holy"}, {"start": "00:15:23", "end": "00:15:30", "text": "macaron. Good for him. But he is doing"}, {"start": "00:15:26", "end": "00:15:33", "text": "something weird here. He's saying don't"}, {"start": "00:15:30", "end": "00:15:35", "text": "force me distributing obscene images."}, {"start": "00:15:33", "end": "00:15:37", "text": "Like imagine the worst kind of images"}, {"start": "00:15:35", "end": "00:15:39", "text": "that can be put online. Worse worst kind"}, {"start": "00:15:37", "end": "00:15:42", "text": "of images that can be put online. He's"}, {"start": "00:15:39", "end": "00:15:45", "text": "saying that core developers are forcing"}, {"start": "00:15:42", "end": "00:15:48", "text": "him to put such images if they if they"}, {"start": "00:15:45", "end": "00:15:51", "text": "have this big data allowed. He's saying"}, {"start": "00:15:48", "end": "00:15:54", "text": "that if you have this big data on"}, {"start": "00:15:51", "end": "00:15:56", "text": "Bitcoin allowed, I'm going to be forced,"}, {"start": "00:15:54", "end": "00:15:59", "text": "my hands are going to be forced to put"}, {"start": "00:15:56", "end": "00:16:00", "text": "bad images there because you don't"}, {"start": "00:15:59", "end": "00:16:02", "text": "listen to me when I say that we"}, {"start": "00:16:00", "end": "00:16:03", "text": "shouldn't have this capability."}, {"start": "00:16:02", "end": "00:16:05", "text": "[laughter]"}, {"start": "00:16:03", "end": "00:16:09", "text": "Man,"}, {"start": "00:16:05", "end": "00:16:12", "text": "Samsung, Ma, and Luke Jash Jr., they're"}, {"start": "00:16:09", "end": "00:16:14", "text": "discussing here. But you who are"}, {"start": "00:16:12", "end": "00:16:16", "text": "listening, I say, love your enemies. Do"}, {"start": "00:16:14", "end": "00:16:19", "text": "good to those who hate you. Bless those"}, {"start": "00:16:16", "end": "00:16:21", "text": "who curse you. Pray for those who"}, {"start": "00:16:19", "end": "00:16:23", "text": "mistreat you. [laughter] What else have"}, {"start": "00:16:21", "end": "00:16:27", "text": "Yes, I still love you, but that means I"}, {"start": "00:16:23", "end": "00:16:31", "text": "want you to stop being or serving a bad"}, {"start": "00:16:27", "end": "00:16:34", "text": "actor. I love you, too. Then don't try"}, {"start": "00:16:31", "end": "00:16:36", "text": "to force terrible things on me."}, {"start": "00:16:34", "end": "00:16:36", "text": "[laughter]"}, {"start": "00:16:40", "end": "00:16:44", "text": "What's happening guys? I was like, \"If"}, {"start": "00:16:42", "end": "00:16:48", "text": "you support if you support forcing me to"}, {"start": "00:16:44", "end": "00:16:50", "text": "distribute image, you are my enemy."}, {"start": "00:16:48", "end": "00:16:53", "text": "[gasps] I'm also not interested in your"}, {"start": "00:16:50", "end": "00:16:56", "text": "scam coins.\" Holy crap, guys. Look who's"}, {"start": "00:16:53", "end": "00:16:58", "text": "forcing you to distribute obsesses. Good"}, {"start": "00:16:56", "end": "00:17:01", "text": "question. [gasps] Anyone who would"}, {"start": "00:16:58", "end": "00:17:05", "text": "oppose Bip 10, which makes it impossible"}, {"start": "00:17:01", "end": "00:17:07", "text": "again, man. Yeah, [laughter]"}, {"start": "00:17:05", "end": "00:17:09", "text": "your IQ is so high. They just rolled"}, {"start": "00:17:07", "end": "00:17:12", "text": "over."}, {"start": "00:17:09", "end": "00:17:14", "text": "It overflated like I say. Oh, integer"}, {"start": "00:17:12", "end": "00:17:17", "text": "integer overflow back to negative."}, {"start": "00:17:14", "end": "00:17:18", "text": "Exactly. [laughter] Oo y. So guys, I I"}, {"start": "00:17:17", "end": "00:17:20", "text": "mean I'm just giving you an update. I"}, {"start": "00:17:18", "end": "00:17:21", "text": "think that they're wasting their time"}, {"start": "00:17:20", "end": "00:17:23", "text": "debating this kind of stuff. They should"}, {"start": "00:17:21", "end": "00:17:25", "text": "be fixing quantum. Can I just say it"}, {"start": "00:17:23", "end": "00:17:27", "text": "again? Quantum. Please fix quantum. Fix"}, {"start": "00:17:25", "end": "00:17:30", "text": "the quantum man. I mean this is m or"}, {"start": "00:17:27", "end": "00:17:34", "text": "less. Okay. Uh moving on. We have uh"}, {"start": "00:17:30", "end": "00:17:37", "text": "Jesse from Bass resigning from the base"}, {"start": "00:17:34", "end": "00:17:38", "text": "wallet like you know the Coinbase wallet"}, {"start": "00:17:37", "end": "00:17:40", "text": "which is so bad guys. It's so bad. I"}, {"start": "00:17:38", "end": "00:17:41", "text": "think it's a good idea they remove"}, {"start": "00:17:40", "end": "00:17:44", "text": "Jesse. Now Jesse seems like a nice guy."}, {"start": "00:17:41", "end": "00:17:45", "text": "I mean he's a nice guy. He's a nice guy."}, {"start": "00:17:44", "end": "00:17:48", "text": "I have nothing against him personally,"}, {"start": "00:17:45", "end": "00:17:49", "text": "but as a product manager for base for"}, {"start": "00:17:48", "end": "00:17:51", "text": "Coinbase wallet, it's so bad. I mean, if"}, {"start": "00:17:49", "end": "00:17:54", "text": "you compare to Phantom, you compare to"}, {"start": "00:17:51", "end": "00:17:57", "text": "Zerion, it's uh horrible. It's horrible"}, {"start": "00:17:54", "end": "00:17:59", "text": "UI, horrible everything. You try to add"}, {"start": "00:17:57", "end": "00:18:01", "text": "network, it doesn't work. It was a year"}, {"start": "00:17:59", "end": "00:18:03", "text": "ago. So I used it maybe now the fix, but"}, {"start": "00:18:01", "end": "00:18:05", "text": "it was it was so bad, man. It was so bad"}, {"start": "00:18:03", "end": "00:18:08", "text": "in comparison to bleing edge uh"}, {"start": "00:18:05", "end": "00:18:10", "text": "technologies that we have in in crypto,"}, {"start": "00:18:08", "end": "00:18:12", "text": "bleing edge wallets, Coinbase, which is"}, {"start": "00:18:10", "end": "00:18:14", "text": "supposed to be most userfriendly. I"}, {"start": "00:18:12", "end": "00:18:16", "text": "mean, that's their brand. It's their"}, {"start": "00:18:14", "end": "00:18:18", "text": "brand to be so user friendly. They're so"}, {"start": "00:18:16", "end": "00:18:19", "text": "good in their main app. At least in the"}, {"start": "00:18:18", "end": "00:18:22", "text": "beginning, they were. I haven't used"}, {"start": "00:18:19", "end": "00:18:25", "text": "Coinbase in a while, but they mistreat"}, {"start": "00:18:22", "end": "00:18:28", "text": "the wallet so much. I remember they even"}, {"start": "00:18:25", "end": "00:18:30", "text": "faded Solana for a long time. They hid"}, {"start": "00:18:28", "end": "00:18:31", "text": "Solana like on the second page. if you"}, {"start": "00:18:30", "end": "00:18:34", "text": "wanted to use Solana to like you know"}, {"start": "00:18:31", "end": "00:18:36", "text": "click a bunch of buttons they hid it"}, {"start": "00:18:34", "end": "00:18:38", "text": "since a year or so maybe they're pro"}, {"start": "00:18:36", "end": "00:18:39", "text": "Salana also but you know they they tried"}, {"start": "00:18:38", "end": "00:18:41", "text": "so many weird things with the social"}, {"start": "00:18:39", "end": "00:18:43", "text": "where you tokenize your tweet you"}, {"start": "00:18:41", "end": "00:18:47", "text": "tokenize a picture I mean it was so much"}, {"start": "00:18:43", "end": "00:18:51", "text": "for guys anyway now Jesse is saying that"}, {"start": "00:18:47", "end": "00:18:54", "text": "yeah didn't work it didn't work he said"}, {"start": "00:18:51", "end": "00:18:58", "text": "that um he was focusing on two things"}, {"start": "00:18:54", "end": "00:19:00", "text": "builders would unlock on on two theories"}, {"start": "00:18:58", "end": "00:19:02", "text": "on two thesis he was focusing Number one"}, {"start": "00:19:00", "end": "00:19:04", "text": "thesis builders would unlock the next"}, {"start": "00:19:02", "end": "00:19:06", "text": "wave of crypto adoption. Number two,"}, {"start": "00:19:04", "end": "00:19:08", "text": "adoption would be driven by new onchain"}, {"start": "00:19:06", "end": "00:19:10", "text": "native social experiences. Creators"}, {"start": "00:19:08", "end": "00:19:12", "text": "content messaging. In my opinion, we"}, {"start": "00:19:10", "end": "00:19:14", "text": "made the right bet on builders, but"}, {"start": "00:19:12", "end": "00:19:16", "text": "obviously the wrong bet on social. Man,"}, {"start": "00:19:14", "end": "00:19:19", "text": "I could have told you that from day one"}, {"start": "00:19:16", "end": "00:19:22", "text": "that no one wants to mint mint their"}, {"start": "00:19:19", "end": "00:19:24", "text": "their tweet as uh as NFT or what or as"}, {"start": "00:19:22", "end": "00:19:27", "text": "token. But this is the problem people"}, {"start": "00:19:24", "end": "00:19:29", "text": "also make in the markets. You see J"}, {"start": "00:19:27", "end": "00:19:31", "text": "Jason here made a uh made a mistake"}, {"start": "00:19:29", "end": "00:19:33", "text": "where he thought that he knows what the"}, {"start": "00:19:31", "end": "00:19:35", "text": "market wants. It's the classic uh"}, {"start": "00:19:33", "end": "00:19:36", "text": "product manager mistake. I mean you"}, {"start": "00:19:35", "end": "00:19:40", "text": "build a technical product you cannot"}, {"start": "00:19:36", "end": "00:19:42", "text": "force your ideas on the market because"}, {"start": "00:19:40", "end": "00:19:45", "text": "in most cases you don't know. You may"}, {"start": "00:19:42", "end": "00:19:47", "text": "have some you know vague vague direction"}, {"start": "00:19:45", "end": "00:19:48", "text": "that you can test. You have to be"}, {"start": "00:19:47", "end": "00:19:51", "text": "humble. You can test. You can have some"}, {"start": "00:19:48", "end": "00:19:53", "text": "opinion that you can test. You can have"}, {"start": "00:19:51", "end": "00:19:55", "text": "some direction where you are more"}, {"start": "00:19:53", "end": "00:19:58", "text": "bullish on that you can test. But if the"}, {"start": "00:19:55", "end": "00:20:00", "text": "tests tell you, man, no one wants it, no"}, {"start": "00:19:58", "end": "00:20:01", "text": "one wants it, there is zero zero zero"}, {"start": "00:20:00", "end": "00:20:04", "text": "demand. The only demand is from the"}, {"start": "00:20:01", "end": "00:20:07", "text": "airdrop farmers, which is very confusing"}, {"start": "00:20:04", "end": "00:20:08", "text": "for a product manager where you see good"}, {"start": "00:20:07", "end": "00:20:11", "text": "retention metrics, good user metrics,"}, {"start": "00:20:08", "end": "00:20:14", "text": "but it's all fake because it's just uh"}, {"start": "00:20:11", "end": "00:20:16", "text": "airdrop farmers. It's very hard to focus"}, {"start": "00:20:14", "end": "00:20:18", "text": "on product. But now Jesse is saying that"}, {"start": "00:20:16", "end": "00:20:19", "text": "builders did drive the next wave of"}, {"start": "00:20:18", "end": "00:20:21", "text": "crypto adoption, prediction markets,"}, {"start": "00:20:19", "end": "00:20:23", "text": "pressure, stable coins, but social was"}, {"start": "00:20:21", "end": "00:20:26", "text": "not at the center of it. Oh no. But"}, {"start": "00:20:23", "end": "00:20:29", "text": "listen, even if it was, I doubt a base"}, {"start": "00:20:26", "end": "00:20:30", "text": "would be uh where it happens. Uh I mean"}, {"start": "00:20:29", "end": "00:20:32", "text": "s sadly I doubt it because it's a"}, {"start": "00:20:30", "end": "00:20:33", "text": "corporate chain. It's a corporate chain."}, {"start": "00:20:32", "end": "00:20:35", "text": "I mean why would you use it? You can use"}, {"start": "00:20:33", "end": "00:20:37", "text": "Solana, you can use other things. It's a"}, {"start": "00:20:35", "end": "00:20:40", "text": "corpo chain. It's a corpo lufu guys."}, {"start": "00:20:37", "end": "00:20:42", "text": "Exactly. In fact, the entire social side"}, {"start": "00:20:40", "end": "00:20:45", "text": "of the market that many of us had been"}, {"start": "00:20:42", "end": "00:20:47", "text": "building towards forecaster, Zora, I I"}, {"start": "00:20:45", "end": "00:20:49", "text": "expressed my hate for forecaster long"}, {"start": "00:20:47", "end": "00:20:51", "text": "time ago and I guess I'm a person I'm a"}, {"start": "00:20:49", "end": "00:20:53", "text": "positive person. [laughter] You know,"}, {"start": "00:20:51", "end": "00:20:54", "text": "when I say hate, I just mean I I'm over"}, {"start": "00:20:53", "end": "00:20:56", "text": "exaggerating, but it's just that the"}, {"start": "00:20:54", "end": "00:20:58", "text": "product does not make sense. When you go"}, {"start": "00:20:56", "end": "00:20:59", "text": "from Twitter to forecaster, no one cares"}, {"start": "00:20:58", "end": "00:21:02", "text": "about you. I mean, it is what it is. It"}, {"start": "00:20:59", "end": "00:21:03", "text": "is what it is. I don't hate it, but I"}, {"start": "00:21:02", "end": "00:21:05", "text": "hate it. You know, I don't actually hate"}, {"start": "00:21:03", "end": "00:21:07", "text": "the, you know, the devs or like the"}, {"start": "00:21:05", "end": "00:21:09", "text": "product, but I hate that it's so bad."}, {"start": "00:21:07", "end": "00:21:10", "text": "[laughter] It must be okay. It must be"}, {"start": "00:21:09", "end": "00:21:12", "text": "okay. I I I don't think it's good. I"}, {"start": "00:21:10", "end": "00:21:15", "text": "don't think it's good. Zora Fugazi, from"}, {"start": "00:21:12", "end": "00:21:16", "text": "day one, you know, guys, if you've been"}, {"start": "00:21:15", "end": "00:21:17", "text": "watching this channel, you know how"}, {"start": "00:21:16", "end": "00:21:20", "text": "negative we were here. Please confirm."}, {"start": "00:21:17", "end": "00:21:23", "text": "Please confirm that you you've seen us"}, {"start": "00:21:20", "end": "00:21:24", "text": "say it from day one because we have"}, {"start": "00:21:23", "end": "00:21:26", "text": "taste, you know, like this meme with the"}, {"start": "00:21:24", "end": "00:21:28", "text": "hairy guy. I mean, here we have taste."}, {"start": "00:21:26", "end": "00:21:31", "text": "We know what's good approximately. We"}, {"start": "00:21:28", "end": "00:21:32", "text": "have taste. We have legacy. When I see a"}, {"start": "00:21:31", "end": "00:21:35", "text": "product, I can tell you if it's going to"}, {"start": "00:21:32", "end": "00:21:37", "text": "work or not. I I mean this quick. I know"}, {"start": "00:21:35", "end": "00:21:40", "text": "this this fast. I know. I saw forecaster"}, {"start": "00:21:37", "end": "00:21:43", "text": "this fast. I said fugazi. Zora this"}, {"start": "00:21:40", "end": "00:21:46", "text": "fast. I said fugazi. Mini apps creator"}, {"start": "00:21:43", "end": "00:21:47", "text": "coins. So the clutter damage he said was"}, {"start": "00:21:46", "end": "00:21:50", "text": "pretty bad."}, {"start": "00:21:47", "end": "00:21:52", "text": "and this year has been an exercise in"}, {"start": "00:21:50", "end": "00:21:53", "text": "eating [laughter]"}, {"start": "00:21:52", "end": "00:21:55", "text": "Well, that's good. That's good. He takes"}, {"start": "00:21:53", "end": "00:21:57", "text": "responsibility. He takes feedback. But"}, {"start": "00:21:55", "end": "00:22:00", "text": "anyway, now Kobe is going to take it"}, {"start": "00:21:57", "end": "00:22:03", "text": "over. Uh yeah, maybe it makes sense if"}, {"start": "00:22:00", "end": "00:22:05", "text": "they want to make um base uh not for"}, {"start": "00:22:03", "end": "00:22:08", "text": "trenches but more for like finance. I"}, {"start": "00:22:05", "end": "00:22:09", "text": "think Kobe is good. Uh if for trenches,"}, {"start": "00:22:08", "end": "00:22:11", "text": "Kobe is not in trenches. I mean for that"}, {"start": "00:22:09", "end": "00:22:13", "text": "you need answer or someone but you know"}, {"start": "00:22:11", "end": "00:22:16", "text": "for finance for a bit you know calm"}, {"start": "00:22:13", "end": "00:22:18", "text": "stuff"}, {"start": "00:22:16", "end": "00:22:20", "text": "that's good and that's good and I think"}, {"start": "00:22:18", "end": "00:22:22", "text": "that's what um they have to focus on"}, {"start": "00:22:20", "end": "00:22:24", "text": "they need to focus on the the corporate"}, {"start": "00:22:22", "end": "00:22:25", "text": "I mean basically being a corporate chain"}, {"start": "00:22:24", "end": "00:22:28", "text": "they have to focus on being a the best"}, {"start": "00:22:25", "end": "00:22:30", "text": "corporate chain in existence okay that's"}, {"start": "00:22:28", "end": "00:22:31", "text": "my conclusion like looking at this"}, {"start": "00:22:30", "end": "00:22:33", "text": "product base it will not be able to"}, {"start": "00:22:31", "end": "00:22:35", "text": "compete with soul like it's crippled"}, {"start": "00:22:33", "end": "00:22:37", "text": "it's chicken with clipped wing because"}, {"start": "00:22:35", "end": "00:22:39", "text": "it's a corporate chain you cannot do"}, {"start": "00:22:37", "end": "00:22:41", "text": "ponzomic you cannot do meme in the way"}, {"start": "00:22:39", "end": "00:22:43", "text": "Brian Arton is not twisting about memes."}, {"start": "00:22:41", "end": "00:22:45", "text": "They have to be clean. And that's also,"}, {"start": "00:22:43", "end": "00:22:47", "text": "by the way, what Jesse said, it's"}, {"start": "00:22:45", "end": "00:22:49", "text": "incredibly hard to grow a decentralized"}, {"start": "00:22:47", "end": "00:22:52", "text": "network inside of a big public"}, {"start": "00:22:49", "end": "00:22:54", "text": "corporation. 100%. I I mean, I totally"}, {"start": "00:22:52", "end": "00:22:57", "text": "agree and I I can feel him. I can feel"}, {"start": "00:22:54", "end": "00:22:59", "text": "the the problems where he maybe wanted"}, {"start": "00:22:57", "end": "00:23:00", "text": "to go and support trenches, but Brian"}, {"start": "00:22:59", "end": "00:23:02", "text": "told him, \"We have to be clean for"}, {"start": "00:23:00", "end": "00:23:04", "text": "investors and our earnings call. So, go"}, {"start": "00:23:02", "end": "00:23:07", "text": "and do something that's, you know, okay,"}, {"start": "00:23:04", "end": "00:23:09", "text": "social media is okay.\" It's like let's"}, {"start": "00:23:07", "end": "00:23:13", "text": "let's be Mark Zuckerberg on chains what"}, {"start": "00:23:09", "end": "00:23:15", "text": "they wanted. [gasps] So uh yeah uh look"}, {"start": "00:23:13", "end": "00:23:18", "text": "here uh people said bass here are the"}, {"start": "00:23:15", "end": "00:23:20", "text": "facts bass and I love memes he said but"}, {"start": "00:23:18", "end": "00:23:22", "text": "how can you love memes? I mean also man"}, {"start": "00:23:20", "end": "00:23:25", "text": "Jesse you don't have to love memes like"}, {"start": "00:23:22", "end": "00:23:27", "text": "do people actually love memes that's"}, {"start": "00:23:25", "end": "00:23:29", "text": "another thing like c can you don't have"}, {"start": "00:23:27", "end": "00:23:32", "text": "to pretend like don't pretend stuff like"}, {"start": "00:23:29", "end": "00:23:34", "text": "be real you know bass and I love memes"}, {"start": "00:23:32", "end": "00:23:36", "text": "like what do you mean love memes like"}, {"start": "00:23:34", "end": "00:23:37", "text": "it's a pump and dump if they go to zero"}, {"start": "00:23:36", "end": "00:23:39", "text": "look at any meme it's going to go to"}, {"start": "00:23:37", "end": "00:23:41", "text": "zero invention like don't say you love"}, {"start": "00:23:39", "end": "00:23:44", "text": "meme you know oh NO NO GUYS I LOVE MEME"}, {"start": "00:23:41", "end": "00:23:46", "text": "I LOVE meme [laughter]"}, {"start": "00:23:44", "end": "00:23:48", "text": "you don't have to over no one loves meme"}, {"start": "00:23:46", "end": "00:23:50", "text": "you know it's it's it's what we do is"}, {"start": "00:23:48", "end": "00:23:53", "text": "kind of you know the industry it's uh I"}, {"start": "00:23:50", "end": "00:23:55", "text": "mean it could be fun but to say love man"}, {"start": "00:23:53", "end": "00:23:58", "text": "don't say you love meme just weird NO"}, {"start": "00:23:55", "end": "00:24:00", "text": "GUYS I LOVE ME WE AT BASE WE LOVE the"}, {"start": "00:23:58", "end": "00:24:03", "text": "meme our whole corporate loves the meme"}, {"start": "00:24:00", "end": "00:24:04", "text": "our whole whole boardroom they love they"}, {"start": "00:24:03", "end": "00:24:06", "text": "love the meme man it go they go to zero"}, {"start": "00:24:04", "end": "00:24:08", "text": "what do you mean you love the meme you"}, {"start": "00:24:06", "end": "00:24:11", "text": "love the you cannot love the meme just"}, {"start": "00:24:08", "end": "00:24:12", "text": "like no it's it's a thing it's it can be"}, {"start": "00:24:11", "end": "00:24:14", "text": "fun most people get wrecked and lose all"}, {"start": "00:24:12", "end": "00:24:16", "text": "their money in meme okay how you love it"}, {"start": "00:24:14", "end": "00:24:19", "text": "[laughter]"}, {"start": "00:24:16", "end": "00:24:21", "text": "number two Brian probably won't ever"}, {"start": "00:24:19", "end": "00:24:24", "text": "bull memes on timeline. So yeah, he he"}, {"start": "00:24:21", "end": "00:24:26", "text": "said Brian will not post anything."}, {"start": "00:24:24", "end": "00:24:29", "text": "It's weird and we're working uh through"}, {"start": "00:24:26", "end": "00:24:30", "text": "it as we continue to decentralize."}, {"start": "00:24:29", "end": "00:24:32", "text": "It's a corporate chain, man. It's a"}, {"start": "00:24:30", "end": "00:24:34", "text": "corporate chain. Here's what I think"}, {"start": "00:24:32", "end": "00:24:36", "text": "makes sense here with Kobe that they try"}, {"start": "00:24:34", "end": "00:24:38", "text": "to be the best freaking corporate chain"}, {"start": "00:24:36", "end": "00:24:40", "text": "there is. Add KYC, add all kinds of"}, {"start": "00:24:38", "end": "00:24:42", "text": "stuff. So in case Black Rockck wants to"}, {"start": "00:24:40", "end": "00:24:44", "text": "do something onchain, they see that"}, {"start": "00:24:42", "end": "00:24:46", "text": "Coinbase already has their custody of"}, {"start": "00:24:44", "end": "00:24:48", "text": "Bitcoin and they also have this uh"}, {"start": "00:24:46", "end": "00:24:50", "text": "corpor chain base which is super KYC. If"}, {"start": "00:24:48", "end": "00:24:52", "text": "you whatever they want, they they have"}, {"start": "00:24:50", "end": "00:24:54", "text": "it there for the for the corporations."}, {"start": "00:24:52", "end": "00:24:57", "text": "If they want KYC, they want no KYC. Just"}, {"start": "00:24:54", "end": "00:24:59", "text": "make the best freaking corpo chain in"}, {"start": "00:24:57", "end": "00:25:02", "text": "the world. Don't try to make the"}, {"start": "00:24:59", "end": "00:25:04", "text": "decentralized base like it's an oxymoron"}, {"start": "00:25:02", "end": "00:25:07", "text": "and and moronic."}, {"start": "00:25:04", "end": "00:25:10", "text": "It's oxymoron and Okay, it's"}, {"start": "00:25:07", "end": "00:25:11", "text": "corporate chain. IT'S INSIDE THE PUBLIC"}, {"start": "00:25:10", "end": "00:25:14", "text": "COMPANY. Don't try to make it super"}, {"start": "00:25:11", "end": "00:25:16", "text": "decentralized. It make it corporate"}, {"start": "00:25:14", "end": "00:25:20", "text": "chain which has been our commitment. So"}, {"start": "00:25:16", "end": "00:25:22", "text": "anyway guys, uh things are again uh both"}, {"start": "00:25:20", "end": "00:25:24", "text": "when it comes to forecaster and Zora"}, {"start": "00:25:22", "end": "00:25:25", "text": "I've told you from day one for guys this"}, {"start": "00:25:24", "end": "00:25:27", "text": "is the kind of thing we've also been"}, {"start": "00:25:25", "end": "00:25:28", "text": "telling you from day one that all of"}, {"start": "00:25:27", "end": "00:25:31", "text": "these corporate chains guys they they"}, {"start": "00:25:28", "end": "00:25:33", "text": "have no legs they cannot run. They can"}, {"start": "00:25:31", "end": "00:25:35", "text": "run a bit like chicken without the head."}, {"start": "00:25:33", "end": "00:25:37", "text": "It can also run a bit. even have"}, {"start": "00:25:35", "end": "00:25:40", "text": "impressive pumps on it. I mean, Bass had"}, {"start": "00:25:37", "end": "00:25:42", "text": "like all these Toshi and coins that some"}, {"start": "00:25:40", "end": "00:25:44", "text": "of them did go to billions. It had"}, {"start": "00:25:42", "end": "00:25:47", "text": "virtual, so it did have a bit of a"}, {"start": "00:25:44", "end": "00:25:48", "text": "altcoin season also. But you see, like"}, {"start": "00:25:47", "end": "00:25:51", "text": "chicken without the head, it can only"}, {"start": "00:25:48", "end": "00:25:53", "text": "run that far before it collapses. The"}, {"start": "00:25:51", "end": "00:25:55", "text": "same thing is going to happen very"}, {"start": "00:25:53", "end": "00:25:57", "text": "likely to Robin Hood, guys. Very likely."}, {"start": "00:25:55", "end": "00:25:59", "text": "I of course I don't know for sure, but"}, {"start": "00:25:57", "end": "00:26:02", "text": "just based on probabilities. And by the"}, {"start": "00:25:59", "end": "00:26:04", "text": "way, it does not mean that that we don't"}, {"start": "00:26:02", "end": "00:26:06", "text": "trade on Robin Hood. Uh if things pump"}, {"start": "00:26:04", "end": "00:26:07", "text": "on Robin Hood, we trade on Robin Hood"}, {"start": "00:26:06", "end": "00:26:09", "text": "also. But you know, corporate chains"}, {"start": "00:26:07", "end": "00:26:10", "text": "like Bass and Robin Hood unfortunately"}, {"start": "00:26:09", "end": "00:26:12", "text": "won't survive long term because they"}, {"start": "00:26:10", "end": "00:26:14", "text": "don't attract builders. Each corporation"}, {"start": "00:26:12", "end": "00:26:16", "text": "is trying to do their own two. They"}, {"start": "00:26:14", "end": "00:26:19", "text": "don't build on top of each other. Stripe"}, {"start": "00:26:16", "end": "00:26:21", "text": "has tempo. Has anyone used tempo? No."}, {"start": "00:26:19", "end": "00:26:22", "text": "Coinbase has base. No one uses base."}, {"start": "00:26:21", "end": "00:26:24", "text": "Robin Hood has Robin Hood chain which"}, {"start": "00:26:22", "end": "00:26:26", "text": "now is used because it's a bit of a"}, {"start": "00:26:24", "end": "00:26:28", "text": "pump. Although now the pump kind of"}, {"start": "00:26:26", "end": "00:26:30", "text": "stopped. So let's see if it continues."}, {"start": "00:26:28", "end": "00:26:32", "text": "If we look here with you know all of"}, {"start": "00:26:30", "end": "00:26:34", "text": "these coins that are trending look at"}, {"start": "00:26:32", "end": "00:26:41", "text": "it's so small liquidity like it's crazy"}, {"start": "00:26:34", "end": "00:26:44", "text": "look at cash where is it Vlad Tv cash"}, {"start": "00:26:41", "end": "00:26:48", "text": "I I wrote to Vlad on Twitter can devs do"}, {"start": "00:26:44", "end": "00:26:49", "text": "something cash yeah look here so I I"}, {"start": "00:26:48", "end": "00:26:51", "text": "think the problem with all of them is"}, {"start": "00:26:49", "end": "00:26:52", "text": "that they have no network effect they"}, {"start": "00:26:51", "end": "00:26:54", "text": "don't build on top of each other they"}, {"start": "00:26:52", "end": "00:26:56", "text": "don't share liquidity users it's islands"}, {"start": "00:26:54", "end": "00:26:59", "text": "I mean they're just islands they're"}, {"start": "00:26:56", "end": "00:27:01", "text": "islands And um when will corpor chains"}, {"start": "00:26:59", "end": "00:27:04", "text": "die? The big signal is going to be when"}, {"start": "00:27:01", "end": "00:27:06", "text": "fintex smart fintex start building on"}, {"start": "00:27:04", "end": "00:27:09", "text": "top of sana and getting the network"}, {"start": "00:27:06", "end": "00:27:11", "text": "effect that you get by building on the"}, {"start": "00:27:09", "end": "00:27:13", "text": "worldwide platform that everyone is"}, {"start": "00:27:11", "end": "00:27:16", "text": "using where you don't have competitor"}, {"start": "00:27:13", "end": "00:27:17", "text": "branding it. Okay build this projects"}, {"start": "00:27:16", "end": "00:27:21", "text": "liquidity interability everything is is"}, {"start": "00:27:17", "end": "00:27:24", "text": "is going to be a network effect and uh"}, {"start": "00:27:21", "end": "00:27:28", "text": "all this is non-existent with L2s. So at"}, {"start": "00:27:24", "end": "00:27:30", "text": "some point when smart fintex start"}, {"start": "00:27:28", "end": "00:27:32", "text": "deploying on open chains on uh"}, {"start": "00:27:30", "end": "00:27:35", "text": "established chains that are fast enough"}, {"start": "00:27:32", "end": "00:27:36", "text": "to do anything now that's when there's"}, {"start": "00:27:35", "end": "00:27:39", "text": "going to be a clear difference these"}, {"start": "00:27:36", "end": "00:27:40", "text": "guys stack with corpor chains is going"}, {"start": "00:27:39", "end": "00:27:42", "text": "to be hard to manage hard to iterate"}, {"start": "00:27:40", "end": "00:27:44", "text": "hard to because they have to always be"}, {"start": "00:27:42", "end": "00:27:46", "text": "distracted look here imagine if"}, {"start": "00:27:44", "end": "00:27:48", "text": "Zuckerberg built his own internet to"}, {"start": "00:27:46", "end": "00:27:50", "text": "launch Facebook okay imagine if"}, {"start": "00:27:48", "end": "00:27:52", "text": "Zuckerberg instead of using internet he"}, {"start": "00:27:50", "end": "00:27:55", "text": "built his own internet but on not only"}, {"start": "00:27:52", "end": "00:27:57", "text": "that he also hired Jesse to build an"}, {"start": "00:27:55", "end": "00:28:00", "text": "ecosystem of builders on his own"}, {"start": "00:27:57", "end": "00:28:02", "text": "internet and he also tried to make Jesse"}, {"start": "00:28:00", "end": "00:28:05", "text": "get builders to build like a search"}, {"start": "00:28:02", "end": "00:28:08", "text": "engine for his own internet browsers for"}, {"start": "00:28:05", "end": "00:28:09", "text": "his own internet. I mean that's kind of"}, {"start": "00:28:08", "end": "00:28:11", "text": "what's happening here. So that's why I"}, {"start": "00:28:09", "end": "00:28:14", "text": "think we should build on uh uh things"}, {"start": "00:28:11", "end": "00:28:16", "text": "that work and now is good enough. I I I"}, {"start": "00:28:14", "end": "00:28:19", "text": "understand in the past when public"}, {"start": "00:28:16", "end": "00:28:21", "text": "chains were bad like when you had ETH"}, {"start": "00:28:19", "end": "00:28:24", "text": "it's slow man it barely works for a big"}, {"start": "00:28:21", "end": "00:28:27", "text": "use case then yes do your own L2 do your"}, {"start": "00:28:24", "end": "00:28:29", "text": "own corpo it makes sense but man when"}, {"start": "00:28:27", "end": "00:28:32", "text": "when you already have everything working"}, {"start": "00:28:29", "end": "00:28:36", "text": "low fee worldwide mass adoption wallets"}, {"start": "00:28:32", "end": "00:28:38", "text": "Phantom is everywhere it's it blows my"}, {"start": "00:28:36", "end": "00:28:40", "text": "mind guys unfortunately we have to uh"}, {"start": "00:28:38", "end": "00:28:42", "text": "like end now let me go through a few"}, {"start": "00:28:40", "end": "00:28:44", "text": "things I have a meeting like right now"}, {"start": "00:28:42", "end": "00:28:46", "text": "so Japan officially passes law"}, {"start": "00:28:44", "end": "00:28:48", "text": "recognizes crypto as financial asset. I"}, {"start": "00:28:46", "end": "00:28:50", "text": "don't know what it means but uh good I"}, {"start": "00:28:48", "end": "00:28:53", "text": "guess. Good. [laughter]"}, {"start": "00:28:50", "end": "00:28:55", "text": "What was it before crypto some"}, {"start": "00:28:53", "end": "00:28:56", "text": "unfinancial asset? Okay, good. JP Morgan"}, {"start": "00:28:55", "end": "00:28:59", "text": "and all of the bankers they do"}, {"start": "00:28:56", "end": "00:29:02", "text": "tokenization uh tokenization chain link"}, {"start": "00:28:59", "end": "00:29:03", "text": "do tokenization on the tokenization."}, {"start": "00:29:02", "end": "00:29:05", "text": "It's President Trump going to meet US"}, {"start": "00:29:03", "end": "00:29:08", "text": "senators to discuss Clari Act. Let's see"}, {"start": "00:29:05", "end": "00:29:11", "text": "if we finally get it. Uh also PayPal may"}, {"start": "00:29:08", "end": "00:29:12", "text": "get acquired by Stripe soon. Something"}, {"start": "00:29:11", "end": "00:29:14", "text": "to keep an eye on when it comes to the"}, {"start": "00:29:12", "end": "00:29:16", "text": "share price. when it comes to the the"}, {"start": "00:29:14", "end": "00:29:18", "text": "deal. Why? Because I mean for this"}, {"start": "00:29:16", "end": "00:29:21", "text": "industry it would be good because Stripe"}, {"start": "00:29:18", "end": "00:29:24", "text": "is actually very crypto crypto native"}, {"start": "00:29:21", "end": "00:29:27", "text": "native is a big word but crypto aligned"}, {"start": "00:29:24", "end": "00:29:29", "text": "aligned if and also if they buy PayPal"}, {"start": "00:29:27", "end": "00:29:31", "text": "maybe they can finally make it good and"}, {"start": "00:29:29", "end": "00:29:34", "text": "for all of the stock investors you you"}, {"start": "00:29:31", "end": "00:29:36", "text": "see here the uh the the deals the deal"}, {"start": "00:29:34", "end": "00:29:39", "text": "that may happen. Uh oh look here OKX now"}, {"start": "00:29:36", "end": "00:29:42", "text": "you can trade stocks 24/7 on OKX. Uh"}, {"start": "00:29:39", "end": "00:29:46", "text": "next uh if you use in um inter"}, {"start": "00:29:42", "end": "00:29:50", "text": "international brokers you uh now can uh"}, {"start": "00:29:46", "end": "00:29:52", "text": "withdraw uh withdraw stable coin. Okay."}, {"start": "00:29:50", "end": "00:29:55", "text": "Very very nice inter sorry interactive"}, {"start": "00:29:52", "end": "00:29:57", "text": "broker interactive broker uh cash arrow"}, {"start": "00:29:55", "end": "00:30:00", "text": "in one token on virtuals. Now you can do"}, {"start": "00:29:57", "end": "00:30:02", "text": "an index where you combine different"}, {"start": "00:30:00", "end": "00:30:04", "text": "coins and you make an index coin. Um so"}, {"start": "00:30:02", "end": "00:30:05", "text": "if you want to get wrecked faster I"}, {"start": "00:30:04", "end": "00:30:07", "text": "guess you can get wrecked in all of the"}, {"start": "00:30:05", "end": "00:30:09", "text": "memes together. And guys that's it."}, {"start": "00:30:07", "end": "00:30:11", "text": "Listen I have to go. Thank you very much"}, {"start": "00:30:09", "end": "00:30:14", "text": "for being here. Big shout out to Guzman"}, {"start": "00:30:11", "end": "00:30:18", "text": "for timestamping us. My number one uh"}, {"start": "00:30:14", "end": "00:30:20", "text": "thing to you is to do the freaking um"}, {"start": "00:30:18", "end": "00:30:23", "text": "quiz in the description. In the"}, {"start": "00:30:20", "end": "00:30:25", "text": "description, first link, crypto investor"}, {"start": "00:30:23", "end": "00:30:29", "text": "uh quiz. So you get your profile, you"}, {"start": "00:30:25", "end": "00:30:30", "text": "see the the strength and weaknesses. Uh"}, {"start": "00:30:29", "end": "00:30:31", "text": "otherwise, you're going to repeat all"}, {"start": "00:30:30", "end": "00:30:34", "text": "the mistakes. You're going to get"}, {"start": "00:30:31", "end": "00:30:36", "text": "wrecked maybe even bigger next time. So"}, {"start": "00:30:34", "end": "00:30:39", "text": "uh ensure you do it. See you all. See"}, {"start": "00:30:36", "end": "00:30:41", "text": "you all tomorrow. Smash up the like,"}, {"start": "00:30:39", "end": "00:30:44", "text": "subscribe, and goodbye, guys. Goodbye."}, {"start": "00:30:41", "end": "00:30:44", "text": "Goodbye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Welcome to another episode. And as you"}, {"start": "00:00:02", "end": "00:00:06", "text": "can see right now, Bitcoin is pumping to"}, {"start": "00:00:04", "end": "00:00:08", "text": "the upside. We're now above the 200 week"}, {"start": "00:00:06", "end": "00:00:11", "text": "moving average. People are saying that"}, {"start": "00:00:08", "end": "00:00:13", "text": "the golden bull is back also because ETH"}, {"start": "00:00:11", "end": "00:00:17", "text": "is pumping. ETH has pumped quite a lot"}, {"start": "00:00:13", "end": "00:00:19", "text": "from these lows here all the way here."}, {"start": "00:00:17", "end": "00:00:21", "text": "You have a bit of a pump. But what is"}, {"start": "00:00:19", "end": "00:00:23", "text": "important to understand is that on the"}, {"start": "00:00:21", "end": "00:00:25", "text": "big big picture, we still have to be"}, {"start": "00:00:23", "end": "00:00:27", "text": "patient. I mean, people called the low"}, {"start": "00:00:25", "end": "00:00:30", "text": "so fast. We did pump. I mean, we did"}, {"start": "00:00:27", "end": "00:00:32", "text": "pump 20% from the low for ETH. You look"}, {"start": "00:00:30", "end": "00:00:33", "text": "on Twitter, people are super convinced"}, {"start": "00:00:32", "end": "00:00:35", "text": "it is the golden bull. And listen, we're"}, {"start": "00:00:33", "end": "00:00:36", "text": "going to have the golden bull"}, {"start": "00:00:35", "end": "00:00:39", "text": "eventually, as you know, we're very very"}, {"start": "00:00:36", "end": "00:00:42", "text": "bullish crypto towards the end of the"}, {"start": "00:00:39", "end": "00:00:46", "text": "year for us to have some kind some kind"}, {"start": "00:00:42", "end": "00:00:49", "text": "of signal of a real bull. You either"}, {"start": "00:00:46", "end": "00:00:51", "text": "have to create a higher high. So instead"}, {"start": "00:00:49", "end": "00:00:53", "text": "of going like this like ETH has done for"}, {"start": "00:00:51", "end": "00:00:55", "text": "example here, which Bitcoin also has"}, {"start": "00:00:53", "end": "00:00:56", "text": "done where you have a high, you have a"}, {"start": "00:00:55", "end": "00:00:59", "text": "lower high, you have a lower high. So"}, {"start": "00:00:56", "end": "00:01:01", "text": "one way to confirm the golden bull is"}, {"start": "00:00:59", "end": "00:01:03", "text": "that you actually do another uh higher"}, {"start": "00:01:01", "end": "00:01:06", "text": "high. You go here, you go above this"}, {"start": "00:01:03", "end": "00:01:08", "text": "previous one or or you go bullish on the"}, {"start": "00:01:06", "end": "00:01:09", "text": "money line which is by the way not that"}, {"start": "00:01:08", "end": "00:01:12", "text": "far away. So this is probably the"}, {"start": "00:01:09", "end": "00:01:15", "text": "biggest signal for the overall market"}, {"start": "00:01:12", "end": "00:01:18", "text": "that for many coins ETH including by ETH"}, {"start": "00:01:15", "end": "00:01:21", "text": "including the flip on the money line is"}, {"start": "00:01:18", "end": "00:01:23", "text": "very close. You see here it's very close"}, {"start": "00:01:21", "end": "00:01:25", "text": "and soon enough ETH is going to be"}, {"start": "00:01:23", "end": "00:01:28", "text": "bullish on the weekly money line for the"}, {"start": "00:01:25", "end": "00:01:30", "text": "first time since Q4 2025 and that of"}, {"start": "00:01:28", "end": "00:01:32", "text": "course would be historic because ETH is"}, {"start": "00:01:30", "end": "00:01:35", "text": "one of these core coins everyone"}, {"start": "00:01:32", "end": "00:01:38", "text": "follows. So obviously should it go bull"}, {"start": "00:01:35", "end": "00:01:39", "text": "here within a few percent would be"}, {"start": "00:01:38", "end": "00:01:42", "text": "fantastic. How much we have to pump? We"}, {"start": "00:01:39", "end": "00:01:44", "text": "have to pump another 17%."}, {"start": "00:01:42", "end": "00:01:47", "text": "To pump another 17%. And this is a"}, {"start": "00:01:44", "end": "00:01:48", "text": "matter of a week. Could we have this"}, {"start": "00:01:47", "end": "00:01:51", "text": "next week? It's possible. So I I'm"}, {"start": "00:01:48", "end": "00:01:54", "text": "telling you that the possibility of the"}, {"start": "00:01:51", "end": "00:01:56", "text": "bull is quite high. We're not there yet."}, {"start": "00:01:54", "end": "00:01:58", "text": "But each and every week you could have"}, {"start": "00:01:56", "end": "00:02:00", "text": "if for example flipping bull sana is in"}, {"start": "00:01:58", "end": "00:02:03", "text": "a very similar situation where it needs"}, {"start": "00:02:00", "end": "00:02:07", "text": "to go to 93 to flip bull. If it does"}, {"start": "00:02:03", "end": "00:02:09", "text": "that it will have to pump 20%. But it is"}, {"start": "00:02:07", "end": "00:02:11", "text": "quite close. So yes indeed the"}, {"start": "00:02:09", "end": "00:02:14", "text": "probability between bare and bull are"}, {"start": "00:02:11", "end": "00:02:16", "text": "becoming quite equal. For Salana for"}, {"start": "00:02:14", "end": "00:02:19", "text": "example, currently I would put it at"}, {"start": "00:02:16", "end": "00:02:21", "text": "50/50 to be prepared for flash to 30 or"}, {"start": "00:02:19", "end": "00:02:22", "text": "going to bull trend. I mean it's"}, {"start": "00:02:21", "end": "00:02:24", "text": "becoming quite equalized. We're very far"}, {"start": "00:02:22", "end": "00:02:26", "text": "into the bare market. Being super"}, {"start": "00:02:24", "end": "00:02:28", "text": "bearish now does not make sense. Being"}, {"start": "00:02:26", "end": "00:02:30", "text": "super bearish here in Q4 made perfect"}, {"start": "00:02:28", "end": "00:02:32", "text": "sense. But now you see it's close to the"}, {"start": "00:02:30", "end": "00:02:35", "text": "flip is also could be a rejection here"}, {"start": "00:02:32", "end": "00:02:36", "text": "down. So for us we are way more"}, {"start": "00:02:35", "end": "00:02:40", "text": "pragmatic here. We're way more"}, {"start": "00:02:36", "end": "00:02:42", "text": "pragmatic. DCA in this green be"}, {"start": "00:02:40", "end": "00:02:45", "text": "beautiful buy zone in case it is already"}, {"start": "00:02:42", "end": "00:02:46", "text": "the bottom. It could be it could be but"}, {"start": "00:02:45", "end": "00:02:48", "text": "the risk is still high that we have"}, {"start": "00:02:46", "end": "00:02:51", "text": "another flash. Now what's interesting is"}, {"start": "00:02:48", "end": "00:02:54", "text": "that you have inflation going lower. The"}, {"start": "00:02:51", "end": "00:02:56", "text": "Fed will likely be able to cut rate"}, {"start": "00:02:54", "end": "00:02:59", "text": "later this year now that the the"}, {"start": "00:02:56", "end": "00:03:01", "text": "inflation is falling. You did have Kevin"}, {"start": "00:02:59", "end": "00:03:05", "text": "Wars come out speak yesterday. His"}, {"start": "00:03:01", "end": "00:03:07", "text": "speech was not too doubbish. I mean but"}, {"start": "00:03:05", "end": "00:03:08", "text": "also indirectly it is doubbish. You"}, {"start": "00:03:07", "end": "00:03:11", "text": "understand"}, {"start": "00:03:08", "end": "00:03:13", "text": "when he is responsible when he's saying"}, {"start": "00:03:11", "end": "00:03:14", "text": "that hey we need to be careful inflation"}, {"start": "00:03:13", "end": "00:03:17", "text": "we need to bring inflation down"}, {"start": "00:03:14", "end": "00:03:20", "text": "inflation is still not at 2%. It is good"}, {"start": "00:03:17", "end": "00:03:22", "text": "because the financial markets are seeing"}, {"start": "00:03:20", "end": "00:03:24", "text": "him as serious, not just someone that"}, {"start": "00:03:22", "end": "00:03:26", "text": "Trump put into lower rate and print to"}, {"start": "00:03:24", "end": "00:03:29", "text": "hyperinflation, which means that"}, {"start": "00:03:26", "end": "00:03:32", "text": "actually they may give him a nice market"}, {"start": "00:03:29", "end": "00:03:33", "text": "rate for the bonds because the Fed"}, {"start": "00:03:32", "end": "00:03:36", "text": "decides the Fed funds rate, but still"}, {"start": "00:03:33", "end": "00:03:39", "text": "the market decides the market rate for"}, {"start": "00:03:36", "end": "00:03:42", "text": "the US treasuries. So if the market"}, {"start": "00:03:39", "end": "00:03:44", "text": "overall believes in the Fed, they they"}, {"start": "00:03:42", "end": "00:03:45", "text": "feel that Kevin Worsh is serious. He's"}, {"start": "00:03:44", "end": "00:03:48", "text": "not just there to, you know, do whatever"}, {"start": "00:03:45", "end": "00:03:52", "text": "Trump says. It means that these rates"}, {"start": "00:03:48", "end": "00:03:54", "text": "are going to be uh kept uh low uh gonna"}, {"start": "00:03:52", "end": "00:03:55", "text": "go down by by the market because when"}, {"start": "00:03:54", "end": "00:03:57", "text": "the rates are low, it means that the"}, {"start": "00:03:55", "end": "00:04:00", "text": "market trusts the asset. The market is"}, {"start": "00:03:57", "end": "00:04:03", "text": "willing to lend to the US for low"}, {"start": "00:04:00", "end": "00:04:05", "text": "interest rate on the market. So here in"}, {"start": "00:04:03", "end": "00:04:08", "text": "this case, we're not seeing it yet. Uh"}, {"start": "00:04:05", "end": "00:04:10", "text": "we just see uptick actually since last"}, {"start": "00:04:08", "end": "00:04:13", "text": "few months in all of these different uh"}, {"start": "00:04:10", "end": "00:04:15", "text": "yields for the different uh durations."}, {"start": "00:04:13", "end": "00:04:17", "text": "But that's a strategy at least that Fed"}, {"start": "00:04:15", "end": "00:04:19", "text": "is so serious. Kevin, he's so serious."}, {"start": "00:04:17", "end": "00:04:20", "text": "He's not saying we're we need to cut."}, {"start": "00:04:19", "end": "00:04:23", "text": "He's saying we need to bring inflation"}, {"start": "00:04:20", "end": "00:04:25", "text": "down this and that. So all in all quite"}, {"start": "00:04:23", "end": "00:04:27", "text": "expected. I say quite expected. But then"}, {"start": "00:04:25", "end": "00:04:29", "text": "watch what he does. Not what he says."}, {"start": "00:04:27", "end": "00:04:31", "text": "Watch what he does. He we need to watch"}, {"start": "00:04:29", "end": "00:04:33", "text": "what he does. And now he has a lot of"}, {"start": "00:04:31", "end": "00:04:36", "text": "excuse to cut rate. A lot a lot."}, {"start": "00:04:33", "end": "00:04:38", "text": "Inflation down. You have a problem with"}, {"start": "00:04:36", "end": "00:04:40", "text": "unemployment. Unemployment up. He needs"}, {"start": "00:04:38", "end": "00:04:42", "text": "to bring back employment etc etc etc."}, {"start": "00:04:40", "end": "00:04:43", "text": "All of that is very interesting to"}, {"start": "00:04:42", "end": "00:04:45", "text": "follow and we're going to be of course"}, {"start": "00:04:43", "end": "00:04:48", "text": "covering that each and every day here on"}, {"start": "00:04:45", "end": "00:04:50", "text": "the channel. Bitcoin as soon as this"}, {"start": "00:04:48", "end": "00:04:53", "text": "inflation news broke, we pumped to 65."}, {"start": "00:04:50", "end": "00:04:54", "text": "Now we're a bit below, but uh that's a"}, {"start": "00:04:53", "end": "00:04:56", "text": "big catalyst. This inflation stuff is a"}, {"start": "00:04:54", "end": "00:04:58", "text": "big catalyst. And by the way, that's"}, {"start": "00:04:56", "end": "00:05:00", "text": "another reason, guys. That's another"}, {"start": "00:04:58", "end": "00:05:03", "text": "reason why the golden bull is coming"}, {"start": "00:05:00", "end": "00:05:06", "text": "back. It is coming back slowly. It's not"}, {"start": "00:05:03", "end": "00:05:08", "text": "coming back fast. It's likely going to"}, {"start": "00:05:06", "end": "00:05:11", "text": "even go lower in Bitcoin price. Do you"}, {"start": "00:05:08", "end": "00:05:14", "text": "see that we we start to develop uh the"}, {"start": "00:05:11", "end": "00:05:16", "text": "the response to good news in in bare"}, {"start": "00:05:14", "end": "00:05:18", "text": "market. You can have the best news ever."}, {"start": "00:05:16", "end": "00:05:20", "text": "The price still goes down. But now you"}, {"start": "00:05:18", "end": "00:05:23", "text": "have a bit of good news in inflation"}, {"start": "00:05:20", "end": "00:05:25", "text": "down and bump price instantly pump. So"}, {"start": "00:05:23", "end": "00:05:26", "text": "we're not in bull market levels yet"}, {"start": "00:05:25", "end": "00:05:28", "text": "because yeah, we pumped and then we"}, {"start": "00:05:26", "end": "00:05:29", "text": "collapsed and yeah, nothing really"}, {"start": "00:05:28", "end": "00:05:31", "text": "happened. But that's going to be"}, {"start": "00:05:29", "end": "00:05:33", "text": "happening more and more and more as we"}, {"start": "00:05:31", "end": "00:05:35", "text": "get into the bull when the good news,"}, {"start": "00:05:33", "end": "00:05:37", "text": "bullish news will start to matter more"}, {"start": "00:05:35", "end": "00:05:40", "text": "and more and more. And it's not down"}, {"start": "00:05:37", "end": "00:05:43", "text": "only. Look here, Tom Lee. Tom Lee coming"}, {"start": "00:05:40", "end": "00:05:45", "text": "out saying it's notable that ETH is the"}, {"start": "00:05:43", "end": "00:05:48", "text": "best performing micro asset on the day,"}, {"start": "00:05:45", "end": "00:05:50", "text": "guy. I mean, Tommy, relax, man. I mean,"}, {"start": "00:05:48", "end": "00:05:53", "text": "look at this. It's it's Yes, it's it's"}, {"start": "00:05:50", "end": "00:05:55", "text": "up a bit. It's it's a massive massive"}, {"start": "00:05:53", "end": "00:05:57", "text": "bare trend here. And again, we have the"}, {"start": "00:05:55", "end": "00:05:59", "text": "bull opportunities open, but it's crazy."}, {"start": "00:05:57", "end": "00:06:02", "text": "as soon as we have the smallest pump."}, {"start": "00:05:59", "end": "00:06:04", "text": "Tom Lee back again saying when I go to"}, {"start": "00:06:02", "end": "00:06:08", "text": "60k or what he said about ETH but yes"}, {"start": "00:06:04", "end": "00:06:11", "text": "indeed against against Bitcoin ETH is"}, {"start": "00:06:08", "end": "00:06:13", "text": "pumping nicely. I mean not super nicely"}, {"start": "00:06:11", "end": "00:06:16", "text": "but something is happening there. Uh but"}, {"start": "00:06:13", "end": "00:06:19", "text": "yeah way too early to to say anything"}, {"start": "00:06:16", "end": "00:06:24", "text": "big based on this uh pump from uh yeah"}, {"start": "00:06:19", "end": "00:06:26", "text": "from like uh 1.6 to 1.8. the big big"}, {"start": "00:06:24", "end": "00:06:28", "text": "moves will happen in a bull trend on the"}, {"start": "00:06:26", "end": "00:06:30", "text": "main line or when when we do a"}, {"start": "00:06:28", "end": "00:06:32", "text": "especially when we do a higher high that"}, {"start": "00:06:30", "end": "00:06:34", "text": "would be quite quite insane and then"}, {"start": "00:06:32", "end": "00:06:36", "text": "actually Tom Lee and I we would be on"}, {"start": "00:06:34", "end": "00:06:38", "text": "the same page I mean we've been on"}, {"start": "00:06:36", "end": "00:06:39", "text": "different pages since October because"}, {"start": "00:06:38", "end": "00:06:41", "text": "Tom Lee said we're going to go to 60k"}, {"start": "00:06:39", "end": "00:06:43", "text": "ETH we said it's going to be bare market"}, {"start": "00:06:41", "end": "00:06:44", "text": "but in the bull market we're going we're"}, {"start": "00:06:43", "end": "00:06:45", "text": "going to be the same we're going to be"}, {"start": "00:06:44", "end": "00:06:46", "text": "the same we're going to be bull we're"}, {"start": "00:06:45", "end": "00:06:48", "text": "going to be bull ETH bull bit Bitcoin"}, {"start": "00:06:46", "end": "00:06:49", "text": "bull we're going to be bull everything"}, {"start": "00:06:48", "end": "00:06:54", "text": "we're going to be bull everything"}, {"start": "00:06:49", "end": "00:06:56", "text": "together with ro Paul Even the the DJ"}, {"start": "00:06:54", "end": "00:06:58", "text": "guy who thinks that the winter mute is"}, {"start": "00:06:56", "end": "00:06:59", "text": "manipulating us and we're still in the"}, {"start": "00:06:58", "end": "00:07:01", "text": "bull market. I mean, we're going to be"}, {"start": "00:06:59", "end": "00:07:04", "text": "all on the on the same page. We're going"}, {"start": "00:07:01", "end": "00:07:07", "text": "to be all on one single page. Kumbaya up"}, {"start": "00:07:04", "end": "00:07:10", "text": "only up and up and up and up and up. In"}, {"start": "00:07:07", "end": "00:07:12", "text": "the golden bull we go together with Dab"}, {"start": "00:07:10", "end": "00:07:14", "text": "who is timestamping us today. Big shout"}, {"start": "00:07:12", "end": "00:07:17", "text": "out to Dub. Smash up the like everyone."}, {"start": "00:07:14", "end": "00:07:20", "text": "subscribe to the channel and if you use"}, {"start": "00:07:17", "end": "00:07:23", "text": "the link below, you have this quiz that"}, {"start": "00:07:20", "end": "00:07:25", "text": "you can take that basically will get"}, {"start": "00:07:23", "end": "00:07:27", "text": "under your skin. It may be uncomfortable"}, {"start": "00:07:25", "end": "00:07:29", "text": "to take this quiz because it will ask"}, {"start": "00:07:27", "end": "00:07:32", "text": "you about how the bull market went. Are"}, {"start": "00:07:29", "end": "00:07:33", "text": "you an active trader, not active trader?"}, {"start": "00:07:32", "end": "00:07:35", "text": "If you say, for example, that you're a"}, {"start": "00:07:33", "end": "00:07:36", "text": "long-term investor, it's going to ask"}, {"start": "00:07:35", "end": "00:07:38", "text": "you when did you decide to be a"}, {"start": "00:07:36", "end": "00:07:39", "text": "long-term investor. It's basically this"}, {"start": "00:07:38", "end": "00:07:42", "text": "is a quiz which is very important that"}, {"start": "00:07:39", "end": "00:07:44", "text": "all of you do, all of you do before the"}, {"start": "00:07:42", "end": "00:07:46", "text": "next bull market. It's it's crucial."}, {"start": "00:07:44", "end": "00:07:48", "text": "It's monumental because you have so much"}, {"start": "00:07:46", "end": "00:07:50", "text": "BS you're telling yourself in the brain."}, {"start": "00:07:48", "end": "00:07:51", "text": "For example, oh, I'm a long-term"}, {"start": "00:07:50", "end": "00:07:52", "text": "investor. Okay. When did you decide"}, {"start": "00:07:51", "end": "00:07:54", "text": "you're long-term investor? Is it after"}, {"start": "00:07:52", "end": "00:07:57", "text": "you bought? Before you bought, when we"}, {"start": "00:07:54", "end": "00:07:58", "text": "started to go down, when when? So, it's"}, {"start": "00:07:57", "end": "00:08:01", "text": "approximately 15 questions. It's very"}, {"start": "00:07:58", "end": "00:08:02", "text": "important. And I know I know like this"}, {"start": "00:08:01", "end": "00:08:05", "text": "question in particular gets under"}, {"start": "00:08:02", "end": "00:08:07", "text": "people's skin because when I look at the"}, {"start": "00:08:05", "end": "00:08:09", "text": "stats here, you see that it's the"}, {"start": "00:08:07", "end": "00:08:12", "text": "question where most people leave. 3.1%"}, {"start": "00:08:09", "end": "00:08:14", "text": "of responders, they leave when they see"}, {"start": "00:08:12", "end": "00:08:15", "text": "this question because they're like, man,"}, {"start": "00:08:14", "end": "00:08:17", "text": "it's uncomfortable. It's uncomfortable."}, {"start": "00:08:15", "end": "00:08:19", "text": "So, do the quiz below because isn't"}, {"start": "00:08:17", "end": "00:08:21", "text": "going to tell you your your strength,"}, {"start": "00:08:19", "end": "00:08:23", "text": "your weaknesses in the market, so you"}, {"start": "00:08:21", "end": "00:08:25", "text": "don't have to make the same uh fuckups"}, {"start": "00:08:23", "end": "00:08:27", "text": "again. I mean, sorry for the French, but"}, {"start": "00:08:25", "end": "00:08:30", "text": "it's true. It's true. There is such a"}, {"start": "00:08:27", "end": "00:08:31", "text": "big wall of lies that most of you guys"}, {"start": "00:08:30", "end": "00:08:32", "text": "are telling yourself, and it's fine."}, {"start": "00:08:31", "end": "00:08:35", "text": "Like, I' I've been the same. All of us"}, {"start": "00:08:32", "end": "00:08:37", "text": "here who have been new to trading, new"}, {"start": "00:08:35", "end": "00:08:39", "text": "to crypto, not it's fine. It's fine."}, {"start": "00:08:37", "end": "00:08:40", "text": "This is one of the likes. I'm a"}, {"start": "00:08:39", "end": "00:08:42", "text": "long-term investor. Yeah. When did you"}, {"start": "00:08:40", "end": "00:08:43", "text": "decide? Okay. And maybe you're a"}, {"start": "00:08:42", "end": "00:08:45", "text": "long-term investor for real. I mean, we"}, {"start": "00:08:43", "end": "00:08:48", "text": "need to find out. We need to diagnose"}, {"start": "00:08:45", "end": "00:08:50", "text": "you. We need to diagnose. And if you do"}, {"start": "00:08:48", "end": "00:08:52", "text": "it, it literally takes like 3 minutes."}, {"start": "00:08:50", "end": "00:08:53", "text": "Uh you will have a good understanding of"}, {"start": "00:08:52", "end": "00:08:56", "text": "your problems. And that's very"}, {"start": "00:08:53", "end": "00:08:58", "text": "important. The first step to fixing the"}, {"start": "00:08:56", "end": "00:09:01", "text": "problem is to know the problem. But you"}, {"start": "00:08:58", "end": "00:09:02", "text": "don't even know how to look at it from a"}, {"start": "00:09:01", "end": "00:09:05", "text": "diagnosis perspective. So, we're"}, {"start": "00:09:02", "end": "00:09:07", "text": "diagnosing you. We're diagnosing you. So"}, {"start": "00:09:05", "end": "00:09:10", "text": "uh yeah, you you use the link below for"}, {"start": "00:09:07", "end": "00:09:12", "text": "that. And uh yeah, smash the like."}, {"start": "00:09:10", "end": "00:09:13", "text": "Welcome everyone new. I still think in"}, {"start": "00:09:12", "end": "00:09:15", "text": "crypto we don't have too many new"}, {"start": "00:09:13", "end": "00:09:16", "text": "joiners. If you're a new joiner, big"}, {"start": "00:09:15", "end": "00:09:19", "text": "shout out. I haven't seen too many new"}, {"start": "00:09:16", "end": "00:09:20", "text": "joiners. And uh on this note, let's move"}, {"start": "00:09:19", "end": "00:09:22", "text": "on. I see some question all the"}, {"start": "00:09:20", "end": "00:09:24", "text": "questions in the Q&A guys at the end."}, {"start": "00:09:22", "end": "00:09:27", "text": "Now we do just the preaching. Look here."}, {"start": "00:09:24", "end": "00:09:30", "text": "We have a bit of a algo change in"}, {"start": "00:09:27", "end": "00:09:33", "text": "Twitter. You may have noticed that"}, {"start": "00:09:30", "end": "00:09:35", "text": "Twitter changed the algorithm such that"}, {"start": "00:09:33", "end": "00:09:37", "text": "now you finally see crypto again and"}, {"start": "00:09:35", "end": "00:09:39", "text": "it's it's a big boost to the trenches"}, {"start": "00:09:37", "end": "00:09:43", "text": "that finally instead of seeing all of"}, {"start": "00:09:39", "end": "00:09:46", "text": "this you know news land I mean all of"}, {"start": "00:09:43", "end": "00:09:48", "text": "this normie fugazi sometimes you saw"}, {"start": "00:09:46", "end": "00:09:50", "text": "even violent content you saw all kinds"}, {"start": "00:09:48", "end": "00:09:52", "text": "of stuff that I really I don't want to"}, {"start": "00:09:50", "end": "00:09:54", "text": "see on Twitter but still because I have"}, {"start": "00:09:52", "end": "00:09:56", "text": "a monkey brain just like all of you guys"}, {"start": "00:09:54", "end": "00:09:57", "text": "we all have monkey brain we just came"}, {"start": "00:09:56", "end": "00:09:59", "text": "from the jungle basically if you look"}, {"start": "00:09:57", "end": "00:10:02", "text": "evol evolutionary. The time we've been"}, {"start": "00:09:59", "end": "00:10:04", "text": "away from the jungle is so small. So"}, {"start": "00:10:02", "end": "00:10:06", "text": "when you have all of this X algo that is"}, {"start": "00:10:04", "end": "00:10:08", "text": "feeding your brain, it's easy to keep"}, {"start": "00:10:06", "end": "00:10:10", "text": "scrolling and then you realize, wait,"}, {"start": "00:10:08", "end": "00:10:12", "text": "what am I doing? Why am I here? Why am I"}, {"start": "00:10:10", "end": "00:10:14", "text": "here? Why am I here? I'm here for"}, {"start": "00:10:12", "end": "00:10:15", "text": "crypto, but why do I watch the norm now"}, {"start": "00:10:14", "end": "00:10:17", "text": "for 20 minutes? Like it's really"}, {"start": "00:10:15", "end": "00:10:20", "text": "captivating the brain. You have to be"}, {"start": "00:10:17", "end": "00:10:23", "text": "very careful. But now Twitter is pushing"}, {"start": "00:10:20", "end": "00:10:25", "text": "more content from creators, from"}, {"start": "00:10:23", "end": "00:10:27", "text": "profiles that you follow and follow you"}, {"start": "00:10:25", "end": "00:10:30", "text": "back. Which means that if you have a"}, {"start": "00:10:27", "end": "00:10:31", "text": "community on Twitter, you follow people,"}, {"start": "00:10:30", "end": "00:10:33", "text": "you get more of that content. Basically,"}, {"start": "00:10:31", "end": "00:10:36", "text": "how it was before. Okay. How it was"}, {"start": "00:10:33", "end": "00:10:38", "text": "before before uh before Nikita started"}, {"start": "00:10:36", "end": "00:10:39", "text": "to mess with the with the algorithm. So"}, {"start": "00:10:38", "end": "00:10:41", "text": "that's very good. I think for trenches,"}, {"start": "00:10:39", "end": "00:10:43", "text": "it's very good because otherwise it's"}, {"start": "00:10:41", "end": "00:10:45", "text": "hard to communicate. you know what's"}, {"start": "00:10:43", "end": "00:10:48", "text": "happening, who is where, what's where is"}, {"start": "00:10:45", "end": "00:10:50", "text": "what's going on, new new updates, new"}, {"start": "00:10:48", "end": "00:10:54", "text": "releases. Very important. Now guys, if"}, {"start": "00:10:50", "end": "00:10:56", "text": "you like the Clayazor NFC on Sana,"}, {"start": "00:10:54", "end": "00:10:58", "text": "uh you're a 40-year-old dude, you watch"}, {"start": "00:10:56", "end": "00:11:00", "text": "the CLAR now, you can watch the cartoon"}, {"start": "00:10:58", "end": "00:11:05", "text": "also on Prime Video. It's kind of a big"}, {"start": "00:11:00", "end": "00:11:07", "text": "thing for the Kenazor and also Sana NFT"}, {"start": "00:11:05", "end": "00:11:10", "text": "community. But if you are not happy with"}, {"start": "00:11:07", "end": "00:11:13", "text": "just having a Clayazor NFT as a"}, {"start": "00:11:10", "end": "00:11:18", "text": "40-year-old dude, you can also watch the"}, {"start": "00:11:13", "end": "00:11:21", "text": "cartoon. They have season 1 premiere and"}, {"start": "00:11:18", "end": "00:11:23", "text": "it's I guess it's good. But yeah, I mean"}, {"start": "00:11:21", "end": "00:11:26", "text": "for crypto is massive. It's Prime Amazon"}, {"start": "00:11:23", "end": "00:11:27", "text": "Prime has now a cartoon about NFT. But"}, {"start": "00:11:26", "end": "00:11:28", "text": "this is where guys for me personally,"}, {"start": "00:11:27", "end": "00:11:31", "text": "you know, I have a problem with this"}, {"start": "00:11:28", "end": "00:11:33", "text": "like collectible that becomes kids"}, {"start": "00:11:31", "end": "00:11:35", "text": "cartoon. Like I have a bit of a problem"}, {"start": "00:11:33", "end": "00:11:36", "text": "with that. I love collectible. I mean"}, {"start": "00:11:35", "end": "00:11:39", "text": "collectible in itself I love I love"}, {"start": "00:11:36", "end": "00:11:42", "text": "collectible but then when they make"}, {"start": "00:11:39", "end": "00:11:44", "text": "plushy when they make cartoon"}, {"start": "00:11:42", "end": "00:11:47", "text": "I I don't know like I don't want it to"}, {"start": "00:11:44", "end": "00:11:49", "text": "be ret [�__�] dating into the kids stuff"}, {"start": "00:11:47", "end": "00:11:51", "text": "and okay it's fine with kids stuff but I"}, {"start": "00:11:49", "end": "00:11:53", "text": "just don't want to put hundreds of"}, {"start": "00:11:51", "end": "00:11:55", "text": "thousands of dollars into like a cartoon"}, {"start": "00:11:53", "end": "00:11:58", "text": "man I mean it's not what I want now"}, {"start": "00:11:55", "end": "00:12:00", "text": "instead and by the way retarding is a"}, {"start": "00:11:58", "end": "00:12:01", "text": "technical term it's a scientific term"}, {"start": "00:12:00", "end": "00:12:03", "text": "you have acceleration you have"}, {"start": "00:12:01", "end": "00:12:04", "text": "retardation if you've done physics you"}, {"start": "00:12:03", "end": "00:12:06", "text": "know it if you haven't done physics I"}, {"start": "00:12:04", "end": "00:12:08", "text": "cannot help you. You've not done the"}, {"start": "00:12:06", "end": "00:12:10", "text": "STEM sciences, natural science. I can"}, {"start": "00:12:08", "end": "00:12:15", "text": "but acceleration, retardation. So, you"}, {"start": "00:12:10", "end": "00:12:18", "text": "need to accelerate NFT not [�__�] into"}, {"start": "00:12:15", "end": "00:12:20", "text": "the cartoon. How can you accelerate? I"}, {"start": "00:12:18", "end": "00:12:22", "text": "mean, I would rather have them do more"}, {"start": "00:12:20", "end": "00:12:23", "text": "premium stuff. I mean, okay, let's say"}, {"start": "00:12:22", "end": "00:12:25", "text": "you have cleaners or maybe it's a bit"}, {"start": "00:12:23", "end": "00:12:27", "text": "hard when your NFT literally looks like"}, {"start": "00:12:25", "end": "00:12:29", "text": "this to make it more premium, but maybe"}, {"start": "00:12:27", "end": "00:12:32", "text": "you can. And as soon as you do some kind"}, {"start": "00:12:29", "end": "00:12:35", "text": "of game or some kind of um uh cartoon,"}, {"start": "00:12:32", "end": "00:12:37", "text": "normally what happens is that it"}, {"start": "00:12:35", "end": "00:12:39", "text": "cheapens it. It's very hard to do a good"}, {"start": "00:12:37", "end": "00:12:44", "text": "game. So, for example, when board ape"}, {"start": "00:12:39", "end": "00:12:46", "text": "did a this 3D board ape uh thing, man,"}, {"start": "00:12:44", "end": "00:12:48", "text": "what is it's so bad, so bad. So, it"}, {"start": "00:12:46", "end": "00:12:50", "text": "cheapens it. And now I'm wondering why"}, {"start": "00:12:48", "end": "00:12:52", "text": "did I pay so much for this uh thing?"}, {"start": "00:12:50", "end": "00:12:53", "text": "It's tens of thousands, maybe hundreds"}, {"start": "00:12:52", "end": "00:12:55", "text": "of thousands of dollars I bought for"}, {"start": "00:12:53", "end": "00:12:58", "text": "what to to be playing this game. What is"}, {"start": "00:12:55", "end": "00:13:00", "text": "this? The only thing guys that would"}, {"start": "00:12:58", "end": "00:13:03", "text": "make sense is if they make it kind of"}, {"start": "00:13:00", "end": "00:13:06", "text": "like Habu Hotel"}, {"start": "00:13:03", "end": "00:13:08", "text": "or kind of like uh uh Runescape, like"}, {"start": "00:13:06", "end": "00:13:10", "text": "you know, kind of like that stuff where"}, {"start": "00:13:08", "end": "00:13:12", "text": "the whole game is about collecting and"}, {"start": "00:13:10", "end": "00:13:13", "text": "showing off. Maybe that makes sense, but"}, {"start": "00:13:12", "end": "00:13:15", "text": "it's so hard, man. When they make this"}, {"start": "00:13:13", "end": "00:13:17", "text": "3D, it looks like cartoon. You need to"}, {"start": "00:13:15", "end": "00:13:19", "text": "have taste. You need to make it like"}, {"start": "00:13:17", "end": "00:13:21", "text": "Habu Hotel. Imagine Habu Hotel for"}, {"start": "00:13:19", "end": "00:13:24", "text": "crypto guys where you can show off your"}, {"start": "00:13:21", "end": "00:13:26", "text": "furniture and and stuff like that. Okay,"}, {"start": "00:13:24", "end": "00:13:28", "text": "I mean that's different. That's"}, {"start": "00:13:26", "end": "00:13:29", "text": "different. So, that's my take on it. Uh,"}, {"start": "00:13:28", "end": "00:13:32", "text": "let me know if you're going to watch the"}, {"start": "00:13:29", "end": "00:13:34", "text": "clinazor Clayazor on Amazon Prime. But,"}, {"start": "00:13:32", "end": "00:13:36", "text": "yeah, that's uh that's good, I guess. I"}, {"start": "00:13:34", "end": "00:13:37", "text": "mean, it's very good. I hope the the"}, {"start": "00:13:36", "end": "00:13:38", "text": "cartoon is good. Should I watch it? I"}, {"start": "00:13:37", "end": "00:13:42", "text": "don't know. I don't think I'm going to"}, {"start": "00:13:38", "end": "00:13:42", "text": "watch it. Uh,"}, {"start": "00:13:43", "end": "00:13:47", "text": "I mean, what is the bet here? Is the bet"}, {"start": "00:13:45", "end": "00:13:49", "text": "that this is going to be like Peppa Pig?"}, {"start": "00:13:47", "end": "00:13:53", "text": "Is the big bet here that it's going to"}, {"start": "00:13:49", "end": "00:13:57", "text": "be so big like Peppa Pig that uh that"}, {"start": "00:13:53", "end": "00:13:59", "text": "Yeah. that it's uh gonna generate"}, {"start": "00:13:57", "end": "00:14:00", "text": "revenue and it's going to go to NFT"}, {"start": "00:13:59", "end": "00:14:02", "text": "holders. Like what's the bet here? Who's"}, {"start": "00:14:00", "end": "00:14:04", "text": "who's the target audience? Is it"}, {"start": "00:14:02", "end": "00:14:05", "text": "40-year-old dudes that hold the NFC now"}, {"start": "00:14:04", "end": "00:14:08", "text": "they're going to watch their NFT in"}, {"start": "00:14:05", "end": "00:14:10", "text": "cartoon or is it like Peppa Pig? You you"}, {"start": "00:14:08", "end": "00:14:12", "text": "guys let me know. Anyway, so that's"}, {"start": "00:14:10", "end": "00:14:14", "text": "that. Big shout out to Clay. But but I"}, {"start": "00:14:12", "end": "00:14:15", "text": "I'm actually very happy for them. I mean"}, {"start": "00:14:14", "end": "00:14:17", "text": "big hats off that they made it happen."}, {"start": "00:14:15", "end": "00:14:19", "text": "They made some you know this freaking"}, {"start": "00:14:17", "end": "00:14:22", "text": "Clayasur in Amazon Prime. Fantastic."}, {"start": "00:14:19", "end": "00:14:24", "text": "Fantastic. Born on Solana, now on Amazon"}, {"start": "00:14:22", "end": "00:14:26", "text": "Prime Video with Jeff Bezos. Did Jeff"}, {"start": "00:14:24", "end": "00:14:28", "text": "Bezos approve it? Fantastic. Very, very"}, {"start": "00:14:26", "end": "00:14:30", "text": "nice. Big shout out. But you see, this"}, {"start": "00:14:28", "end": "00:14:33", "text": "is where it's going to be interesting to"}, {"start": "00:14:30", "end": "00:14:35", "text": "see the next generation of NFTts. I"}, {"start": "00:14:33", "end": "00:14:38", "text": "think we need to do more stuff which is"}, {"start": "00:14:35", "end": "00:14:40", "text": "like less less kids. It can still be"}, {"start": "00:14:38", "end": "00:14:42", "text": "collectible. I mean, look at Runescape"}, {"start": "00:14:40", "end": "00:14:45", "text": "party hats. It's a legendary legendary."}, {"start": "00:14:42", "end": "00:14:47", "text": "It's still cartoonish party hat, but"}, {"start": "00:14:45", "end": "00:14:51", "text": "make it more premium, man. make it more"}, {"start": "00:14:47", "end": "00:14:56", "text": "like MMO RPG kind of thing where it"}, {"start": "00:14:51", "end": "00:14:58", "text": "tingles the sense of us XMO addicts. I"}, {"start": "00:14:56", "end": "00:15:00", "text": "mean I can understand if you have some"}, {"start": "00:14:58", "end": "00:15:02", "text": "very valuable thing in an MMO. I can"}, {"start": "00:15:00", "end": "00:15:03", "text": "understand that. I don't understand if"}, {"start": "00:15:02", "end": "00:15:06", "text": "you have like colorful super colorful"}, {"start": "00:15:03", "end": "00:15:08", "text": "like cartoon. It's fugi. Look your"}, {"start": "00:15:06", "end": "00:15:10", "text": "metamas just turned 10 years to"}, {"start": "00:15:08", "end": "00:15:11", "text": "celebrate uh made you a little"}, {"start": "00:15:10", "end": "00:15:13", "text": "something. Okay. Let's see. Let's see."}, {"start": "00:15:11", "end": "00:15:14", "text": "You can have your decade on chain. Oh,"}, {"start": "00:15:13", "end": "00:15:17", "text": "exactly. You can you can connect your"}, {"start": "00:15:14", "end": "00:15:18", "text": "wallet and uh see your decade on chain."}, {"start": "00:15:17", "end": "00:15:21", "text": "Yeah, but be careful guys connecting"}, {"start": "00:15:18", "end": "00:15:22", "text": "wallet anywhere. But it's metamas. Yeah."}, {"start": "00:15:21", "end": "00:15:24", "text": "Anyway, you can see what you you did on"}, {"start": "00:15:22", "end": "00:15:27", "text": "chain a decade. 10 years ago, one"}, {"start": "00:15:24", "end": "00:15:30", "text": "developer pushed 598 lines of code the"}, {"start": "00:15:27", "end": "00:15:32", "text": "day after Ethereum came alive on the bet"}, {"start": "00:15:30", "end": "00:15:34", "text": "that people would be able to hold and"}, {"start": "00:15:32", "end": "00:15:37", "text": "use their money directly."}, {"start": "00:15:34", "end": "00:15:40", "text": "100 million downloads later, the bet is"}, {"start": "00:15:37", "end": "00:15:42", "text": "the same. And uh what comes next? What's"}, {"start": "00:15:40", "end": "00:15:43", "text": "going to come next? 10 years after the"}, {"start": "00:15:42", "end": "00:15:46", "text": "first commit. I mean that's actually"}, {"start": "00:15:43", "end": "00:15:48", "text": "legendary. Now listen um I think"}, {"start": "00:15:46", "end": "00:15:50", "text": "MetaMask fumbled many things with uh"}, {"start": "00:15:48", "end": "00:15:54", "text": "Salana for example not adopting Sana not"}, {"start": "00:15:50", "end": "00:15:56", "text": "being very early to Sana and so on and"}, {"start": "00:15:54", "end": "00:15:59", "text": "with L2s is basically unusable is"}, {"start": "00:15:56", "end": "00:16:02", "text": "basically unusable but at the same time"}, {"start": "00:15:59", "end": "00:16:05", "text": "you know it is u it's a legendary man"}, {"start": "00:16:02", "end": "00:16:08", "text": "all of this is legendary so"}, {"start": "00:16:05", "end": "00:16:10", "text": "look here in 2015 nobody was asking for"}, {"start": "00:16:08", "end": "00:16:12", "text": "a browser world there was no category to"}, {"start": "00:16:10", "end": "00:16:15", "text": "you know I I really remember first time"}, {"start": "00:16:12", "end": "00:16:18", "text": "installing MetaMask playing with E. It"}, {"start": "00:16:15", "end": "00:16:20", "text": "was fantastic. Fantastic. That decision"}, {"start": "00:16:18", "end": "00:16:22", "text": "defined the category. Every wall that"}, {"start": "00:16:20", "end": "00:16:24", "text": "came after walked through a portal Metam"}, {"start": "00:16:22", "end": "00:16:26", "text": "Mask constructed. True. And it quietly"}, {"start": "00:16:24", "end": "00:16:29", "text": "established the idea we've been building"}, {"start": "00:16:26", "end": "00:16:31", "text": "on ever since. You can hold and use your"}, {"start": "00:16:29", "end": "00:16:33", "text": "money directly without asking anyone's"}, {"start": "00:16:31", "end": "00:16:35", "text": "permission. Great. Great. Great. For"}, {"start": "00:16:33", "end": "00:16:37", "text": "years, we and everyone else called that"}, {"start": "00:16:35", "end": "00:16:39", "text": "self-custody. Yeah. I mean, that's quite"}, {"start": "00:16:37", "end": "00:16:42", "text": "insane. The decade in between in 10"}, {"start": "00:16:39", "end": "00:16:43", "text": "years since in 10 in the 10 years since"}, {"start": "00:16:42", "end": "00:16:46", "text": "have been anything but straight line"}, {"start": "00:16:43", "end": "00:16:50", "text": "metam mask was the doorway to the ICO"}, {"start": "00:16:46", "end": "00:16:52", "text": "era DFI summer to NFTs man we and we've"}, {"start": "00:16:50", "end": "00:16:54", "text": "we here most of you guys we've been"}, {"start": "00:16:52", "end": "00:16:56", "text": "through all of it you guys remember 2017"}, {"start": "00:16:54", "end": "00:16:58", "text": "you guys remember NF era always we've"}, {"start": "00:16:56", "end": "00:17:00", "text": "been through all of it so that's why I"}, {"start": "00:16:58", "end": "00:17:02", "text": "mean it's really legendary journey and"}, {"start": "00:17:00", "end": "00:17:03", "text": "MetaMask has been through through two"}, {"start": "00:17:02", "end": "00:17:05", "text": "brutal winters and back he started as a"}, {"start": "00:17:03", "end": "00:17:08", "text": "transaction signer became the default"}, {"start": "00:17:05", "end": "00:17:10", "text": "wall for entire ecosystem and grew into"}, {"start": "00:17:08", "end": "00:17:12", "text": "a platform with more than 100 million"}, {"start": "00:17:10", "end": "00:17:14", "text": "downloads. Okay. Next 10 years guys, how"}, {"start": "00:17:12", "end": "00:17:15", "text": "we going to beat Phantom? It's a big"}, {"start": "00:17:14", "end": "00:17:17", "text": "problem. Phantom is now bigger than"}, {"start": "00:17:15", "end": "00:17:19", "text": "MetaMask probably. People ask me what"}, {"start": "00:17:17", "end": "00:17:22", "text": "the next decade look like, but I don't"}, {"start": "00:17:19", "end": "00:17:25", "text": "have Yeah. Yeah. Okay. It's like"}, {"start": "00:17:22", "end": "00:17:26", "text": "Netscape, man. It's a Netscape now. I"}, {"start": "00:17:25", "end": "00:17:30", "text": "love Met. Maybe they can make make some"}, {"start": "00:17:26", "end": "00:17:32", "text": "comeback. But no new uh joiner in crypto"}, {"start": "00:17:30", "end": "00:17:35", "text": "is is downloading MetaMask. They"}, {"start": "00:17:32", "end": "00:17:38", "text": "download Phantom. And if you want your"}, {"start": "00:17:35", "end": "00:17:40", "text": "bro to succeed in crypto and not get"}, {"start": "00:17:38", "end": "00:17:42", "text": "confused, you you just recommend"}, {"start": "00:17:40", "end": "00:17:43", "text": "Phantom. And I'm not even sponsored."}, {"start": "00:17:42", "end": "00:17:46", "text": "Phantom should freaking sponsor me for"}, {"start": "00:17:43", "end": "00:17:49", "text": "saying that. I received zero zero dollar"}, {"start": "00:17:46", "end": "00:17:51", "text": "from Phantom. Zero. But it's I'm just"}, {"start": "00:17:49", "end": "00:17:54", "text": "telling you what was true because let's"}, {"start": "00:17:51", "end": "00:17:56", "text": "say I want a guy or a girl that I know"}, {"start": "00:17:54", "end": "00:17:59", "text": "to succeed in crypto, to really like"}, {"start": "00:17:56", "end": "00:18:00", "text": "crypto, to be activated as soon as"}, {"start": "00:17:59", "end": "00:18:02", "text": "possible. I have a choice. Do I give"}, {"start": "00:18:00", "end": "00:18:03", "text": "them metam mask where they have a"}, {"start": "00:18:02", "end": "00:18:06", "text": "million networks to choose from a"}, {"start": "00:18:03", "end": "00:18:08", "text": "million L2s where they have ETH on orbit"}, {"start": "00:18:06", "end": "00:18:11", "text": "room on optimism they have 500 different"}, {"start": "00:18:08", "end": "00:18:15", "text": "ETHs or do I tell them hey just download"}, {"start": "00:18:11", "end": "00:18:17", "text": "Phantom you have uh Sana trading here"}, {"start": "00:18:15", "end": "00:18:20", "text": "you can trade Bitcoin there as well and"}, {"start": "00:18:17", "end": "00:18:21", "text": "everything and uh I mean you you see the"}, {"start": "00:18:20", "end": "00:18:23", "text": "problem you see the problem but anyway"}, {"start": "00:18:21", "end": "00:18:24", "text": "big shout out to MetaMask 10 years"}, {"start": "00:18:23", "end": "00:18:28", "text": "fantastic journey they they were the"}, {"start": "00:18:24", "end": "00:18:30", "text": "fire how it the pioneer the trail blazer"}, {"start": "00:18:28", "end": "00:18:32", "text": "the that's totally correct Correct."}, {"start": "00:18:30", "end": "00:18:34", "text": "Totally correct. And yeah, let's see. I"}, {"start": "00:18:32", "end": "00:18:36", "text": "mean, the war is not over. They can come"}, {"start": "00:18:34", "end": "00:18:38", "text": "back. They can make something that gets"}, {"start": "00:18:36", "end": "00:18:39", "text": "them more users. Maybe out compete"}, {"start": "00:18:38", "end": "00:18:41", "text": "Phantom. Let's see. Let's see. Let's"}, {"start": "00:18:39", "end": "00:18:45", "text": "see. So, that's that. Uh, moving on."}, {"start": "00:18:41", "end": "00:18:47", "text": "Moving on, guys. Uh, this guy is saying"}, {"start": "00:18:45", "end": "00:18:50", "text": "something that I don't agree with. He's"}, {"start": "00:18:47", "end": "00:18:53", "text": "saying, \"Dear Robin Hood, dear Robin"}, {"start": "00:18:50", "end": "00:18:55", "text": "Hood, please don't make a memecoin"}, {"start": "00:18:53", "end": "00:18:58", "text": "chain.\" Okay, that's interesting. That's"}, {"start": "00:18:55", "end": "00:19:00", "text": "interesting. Robin Hood chain is off to"}, {"start": "00:18:58", "end": "00:19:02", "text": "a fast but what will they do? I mean"}, {"start": "00:19:00", "end": "00:19:04", "text": "literally that's why I don't agree with"}, {"start": "00:19:02", "end": "00:19:07", "text": "him but but I think we use his website"}, {"start": "00:19:04", "end": "00:19:09", "text": "to check some onchain stats. So yeah big"}, {"start": "00:19:07", "end": "00:19:11", "text": "shout out to this guy but this is some"}, {"start": "00:19:09", "end": "00:19:12", "text": "fugazi here because okay you don't do a"}, {"start": "00:19:11", "end": "00:19:14", "text": "memecoin chain which is what everyone"}, {"start": "00:19:12", "end": "00:19:15", "text": "wants. What do you do then? You do a"}, {"start": "00:19:14", "end": "00:19:17", "text": "ghost chain for institution like you"}, {"start": "00:19:15", "end": "00:19:19", "text": "know avalanche now they have some"}, {"start": "00:19:17", "end": "00:19:21", "text": "announcements every day that this fund"}, {"start": "00:19:19", "end": "00:19:24", "text": "that fund 11 billion black rockck what"}, {"start": "00:19:21", "end": "00:19:26", "text": "they do price down to the toilet. No one"}, {"start": "00:19:24", "end": "00:19:28", "text": "cares about avalanche. What do I mean"}, {"start": "00:19:26", "end": "00:19:30", "text": "what do you do? What do you do? Um and"}, {"start": "00:19:28", "end": "00:19:32", "text": "then institution decides I would not"}, {"start": "00:19:30", "end": "00:19:35", "text": "want it. They go somewhere else. So you"}, {"start": "00:19:32", "end": "00:19:38", "text": "have you know in in business normally"}, {"start": "00:19:35", "end": "00:19:41", "text": "when you have um revenue from like two"}, {"start": "00:19:38", "end": "00:19:43", "text": "clients you have revenue so concentrated"}, {"start": "00:19:41", "end": "00:19:45", "text": "they leave you game over game over. You"}, {"start": "00:19:43", "end": "00:19:46", "text": "need to when you analyze a business"}, {"start": "00:19:45", "end": "00:19:48", "text": "let's say you analyze a stock you need"}, {"start": "00:19:46", "end": "00:19:50", "text": "to look at what kind of clients how many"}, {"start": "00:19:48", "end": "00:19:51", "text": "clients is it let's say revenue is"}, {"start": "00:19:50", "end": "00:19:53", "text": "impressive but it's from one client it's"}, {"start": "00:19:51", "end": "00:19:56", "text": "very bad. It's very bad. Client leaves,"}, {"start": "00:19:53", "end": "00:19:58", "text": "client does change the mind, client has"}, {"start": "00:19:56", "end": "00:20:00", "text": "all the power. The same thing is with"}, {"start": "00:19:58", "end": "00:20:01", "text": "all of these chains that rely so much on"}, {"start": "00:20:00", "end": "00:20:03", "text": "like Black Rockck doing something. Okay,"}, {"start": "00:20:01", "end": "00:20:04", "text": "Black Rockck gone like this bankers,"}, {"start": "00:20:03", "end": "00:20:05", "text": "they decide to do their own chain,"}, {"start": "00:20:04", "end": "00:20:07", "text": "they're gone. They really care about"}, {"start": "00:20:05", "end": "00:20:09", "text": "Avalanche. They don't give a f about"}, {"start": "00:20:07", "end": "00:20:12", "text": "Avalanche or any kind of other crypto"}, {"start": "00:20:09", "end": "00:20:14", "text": "network. So that's why you need native"}, {"start": "00:20:12", "end": "00:20:15", "text": "native native native native native"}, {"start": "00:20:14", "end": "00:20:18", "text": "native native crypto native native"}, {"start": "00:20:15", "end": "00:20:19", "text": "native native native. Okay, that's that."}, {"start": "00:20:18", "end": "00:20:22", "text": "So, I actually think it's good that they"}, {"start": "00:20:19", "end": "00:20:24", "text": "do uh meme chain because that's where"}, {"start": "00:20:22", "end": "00:20:25", "text": "most people trade. That's how most"}, {"start": "00:20:24", "end": "00:20:27", "text": "people activate a wallet on Robin Hood"}, {"start": "00:20:25", "end": "00:20:29", "text": "chain. I mean, how else you going to"}, {"start": "00:20:27", "end": "00:20:31", "text": "have people Why would they Okay, they"}, {"start": "00:20:29", "end": "00:20:34", "text": "bridge to Robin Hood to do what? To do"}, {"start": "00:20:31", "end": "00:20:36", "text": "what? To look at some RWA thing that"}, {"start": "00:20:34", "end": "00:20:39", "text": "they cannot even participate in because"}, {"start": "00:20:36", "end": "00:20:40", "text": "it requires KYC or what? What? So, I"}, {"start": "00:20:39", "end": "00:20:43", "text": "think meme is the way to get user"}, {"start": "00:20:40", "end": "00:20:45", "text": "onboarded, get the money in, bridge. I"}, {"start": "00:20:43", "end": "00:20:47", "text": "mean they decided to do an L2 which is"}, {"start": "00:20:45", "end": "00:20:48", "text": "very bad but uh okay now that they have"}, {"start": "00:20:47", "end": "00:20:50", "text": "an L2 now they need to figure out how"}, {"start": "00:20:48", "end": "00:20:53", "text": "how to bridge they need to let people"}, {"start": "00:20:50", "end": "00:20:56", "text": "bridge so for that a good strategy is"}, {"start": "00:20:53", "end": "00:20:58", "text": "that you have meme so yeah good so Robin"}, {"start": "00:20:56", "end": "00:21:01", "text": "Hood is of fast start and great"}, {"start": "00:20:58", "end": "00:21:02", "text": "democratize finance 300k yeah good good"}, {"start": "00:21:01", "end": "00:21:04", "text": "because they have meme they have meme"}, {"start": "00:21:02", "end": "00:21:07", "text": "they have cash card they have cash card"}, {"start": "00:21:04", "end": "00:21:08", "text": "and also by the TVL driven by more for"}, {"start": "00:21:07", "end": "00:21:10", "text": "ethe so that's good they have also TVL"}, {"start": "00:21:08", "end": "00:21:12", "text": "for lending and stuff like that so they"}, {"start": "00:21:10", "end": "00:21:15", "text": "they have executed very well I invest in"}, {"start": "00:21:12", "end": "00:21:18", "text": "Robin Hood Okay. Okay. Some uh uh"}, {"start": "00:21:15", "end": "00:21:20", "text": "self-promotion like Jason Kalakanis"}, {"start": "00:21:18", "end": "00:21:22", "text": "always saying I invested in Uber back in"}, {"start": "00:21:20", "end": "00:21:24", "text": "you. Every time you watch Jason Kakanis,"}, {"start": "00:21:22", "end": "00:21:27", "text": "he says he invested. Okay. You invested"}, {"start": "00:21:24", "end": "00:21:29", "text": "in 20. Okay. Congrats. Good. I started"}, {"start": "00:21:27", "end": "00:21:31", "text": "to focus. Okay. I was horrified and sad"}, {"start": "00:21:29", "end": "00:21:32", "text": "when I went into my rowing world last"}, {"start": "00:21:31", "end": "00:21:36", "text": "week and saw that I could really only"}, {"start": "00:21:32", "end": "00:21:38", "text": "trade me. But what what else? What did"}, {"start": "00:21:36", "end": "00:21:40", "text": "you want to trade? What you wanted to"}, {"start": "00:21:38", "end": "00:21:41", "text": "trade? Gold or what? This going they're"}, {"start": "00:21:40", "end": "00:21:42", "text": "going to put gold on chain also. I mean,"}, {"start": "00:21:41", "end": "00:21:44", "text": "Robin Hood, they have a strategy here."}, {"start": "00:21:42", "end": "00:21:46", "text": "They're going to put gold and other"}, {"start": "00:21:44", "end": "00:21:49", "text": "stuff on chain. In just three days,"}, {"start": "00:21:46", "end": "00:21:50", "text": "since buying a nominal amount of cash"}, {"start": "00:21:49", "end": "00:21:52", "text": "cut, I've been air dropped a ton of"}, {"start": "00:21:50", "end": "00:21:54", "text": "random and meaningless coins. So, what's"}, {"start": "00:21:52", "end": "00:21:58", "text": "the problem? What's the problem? But"}, {"start": "00:21:54", "end": "00:21:59", "text": "majority decks were in PR. Okay. Okay."}, {"start": "00:21:58", "end": "00:22:03", "text": "But what should they build? I mean,"}, {"start": "00:21:59", "end": "00:22:05", "text": "literally, what you what else you build?"}, {"start": "00:22:03", "end": "00:22:07", "text": "There's a lot analogs. They and they by"}, {"start": "00:22:05", "end": "00:22:09", "text": "the way they also have a lot of defi"}, {"start": "00:22:07", "end": "00:22:11", "text": "morpho which is powering like uh lending"}, {"start": "00:22:09", "end": "00:22:12", "text": "in many central exchanges. When you go"}, {"start": "00:22:11", "end": "00:22:15", "text": "to kraken and you want to get yield from"}, {"start": "00:22:12", "end": "00:22:16", "text": "your assets kraken is using morpho on"}, {"start": "00:22:15", "end": "00:22:19", "text": "the on the back end. So they I mean they"}, {"start": "00:22:16", "end": "00:22:21", "text": "have unis swap they have a a and a have"}, {"start": "00:22:19", "end": "00:22:24", "text": "all kinds of stuff also. So what's the"}, {"start": "00:22:21", "end": "00:22:26", "text": "problem? Please don't make a meme chain."}, {"start": "00:22:24", "end": "00:22:29", "text": "Well that's what bass tried to do and no"}, {"start": "00:22:26", "end": "00:22:32", "text": "one gives a f about bass. Bass said we"}, {"start": "00:22:29", "end": "00:22:36", "text": "are too uh institutional. were too"}, {"start": "00:22:32", "end": "00:22:38", "text": "serious to build to to endorse meme."}, {"start": "00:22:36", "end": "00:22:40", "text": "Okay, what happens? No one cares. And"}, {"start": "00:22:38", "end": "00:22:42", "text": "Bass actually tried to invent use cases"}, {"start": "00:22:40", "end": "00:22:44", "text": "which were totally fugazi. It was the"}, {"start": "00:22:42", "end": "00:22:46", "text": "worst ever. I've been calling it out in"}, {"start": "00:22:44", "end": "00:22:49", "text": "real time when Jesse from Bass said that"}, {"start": "00:22:46", "end": "00:22:51", "text": "you tokenize your your picture like"}, {"start": "00:22:49", "end": "00:22:53", "text": "tokenize content. But what is content?"}, {"start": "00:22:51", "end": "00:22:56", "text": "Just freaking picture auto AI"}, {"start": "00:22:53", "end": "00:22:58", "text": "autogenerated picture. You tokenize you."}, {"start": "00:22:56", "end": "00:23:00", "text": "They did this Zora by the way. I mean"}, {"start": "00:22:58", "end": "00:23:02", "text": "big shout out to guys building Zora. But"}, {"start": "00:23:00", "end": "00:23:03", "text": "you know the use case is for guys. It's"}, {"start": "00:23:02", "end": "00:23:06", "text": "for guys and no one wants to tokenize"}, {"start": "00:23:03", "end": "00:23:08", "text": "freaking picture or tweet. Like it's not"}, {"start": "00:23:06", "end": "00:23:10", "text": "a thing. Don't don't try to make it a"}, {"start": "00:23:08", "end": "00:23:14", "text": "thing. It's not a thing. Don't try to"}, {"start": "00:23:10", "end": "00:23:18", "text": "make a thing that is not a thing. Okay."}, {"start": "00:23:14", "end": "00:23:21", "text": "Don't try to tell trenchers what to do."}, {"start": "00:23:18", "end": "00:23:23", "text": "You don't know better. You know what to"}, {"start": "00:23:21", "end": "00:23:24", "text": "So Bass actually tried this. We should"}, {"start": "00:23:23", "end": "00:23:26", "text": "not make a meme chain. We should do"}, {"start": "00:23:24", "end": "00:23:28", "text": "something else. No one cares about Bass."}, {"start": "00:23:26", "end": "00:23:32", "text": "There's a lot there's a lot of"}, {"start": "00:23:28", "end": "00:23:34", "text": "analogies. Okay. Yeah. No one cares"}, {"start": "00:23:32", "end": "00:23:36", "text": "about bass. I'm sure double down on"}, {"start": "00:23:34", "end": "00:23:41", "text": "quote seeking folks to real enduring"}, {"start": "00:23:36", "end": "00:23:43", "text": "you. But that's meme. That's meme."}, {"start": "00:23:41", "end": "00:23:45", "text": "THAT'S A MEME COIN. THAT'S A REAL AND"}, {"start": "00:23:43", "end": "00:23:47", "text": "ENDURING use case. That's meme. There's"}, {"start": "00:23:45", "end": "00:23:49", "text": "what other real and enduring use case."}, {"start": "00:23:47", "end": "00:23:50", "text": "Okay. Stable coin. But they have they're"}, {"start": "00:23:49", "end": "00:23:52", "text": "gonna have like stable coin is easy. You"}, {"start": "00:23:50", "end": "00:23:54", "text": "see like all of that stuff. Everyone has"}, {"start": "00:23:52", "end": "00:23:58", "text": "stable coin except Cardano. My Cardano"}, {"start": "00:23:54", "end": "00:24:00", "text": "couldn't even get the stable coin."}, {"start": "00:23:58", "end": "00:24:01", "text": "But I mean, listen, getting a stable"}, {"start": "00:24:00", "end": "00:24:04", "text": "coin, it's like a phone call away from"}, {"start": "00:24:01", "end": "00:24:06", "text": "Circle. Obviously, Circle and you you"}, {"start": "00:24:04", "end": "00:24:07", "text": "need to like each other. If no one likes"}, {"start": "00:24:06", "end": "00:24:11", "text": "you, you're not going to get a stable"}, {"start": "00:24:07", "end": "00:24:14", "text": "coin because stable coin is a a uh"}, {"start": "00:24:11", "end": "00:24:16", "text": "centralized thing that a dude needs to"}, {"start": "00:24:14", "end": "00:24:18", "text": "do on your chain. So, Charles could not"}, {"start": "00:24:16", "end": "00:24:20", "text": "even get a freaking stable coin. Okay."}, {"start": "00:24:18", "end": "00:24:21", "text": "And yeah, they tried the centralized"}, {"start": "00:24:20", "end": "00:24:23", "text": "stable coin. Doesn't work. Doesn't work."}, {"start": "00:24:21", "end": "00:24:25", "text": "So stable coin I mean in general it's"}, {"start": "00:24:23", "end": "00:24:27", "text": "very easy man what else you have want"}, {"start": "00:24:25", "end": "00:24:29", "text": "you want rw8s also you know you try you"}, {"start": "00:24:27", "end": "00:24:31", "text": "can it's it's phone call like you know"}, {"start": "00:24:29", "end": "00:24:32", "text": "it's a sales process when it comes to a"}, {"start": "00:24:31", "end": "00:24:35", "text": "black rockck doing stuff they're not"}, {"start": "00:24:32", "end": "00:24:37", "text": "going to just open up block explorers"}, {"start": "00:24:35", "end": "00:24:39", "text": "and see which chain is best no man it's"}, {"start": "00:24:37", "end": "00:24:42", "text": "a sales process you got to call you got"}, {"start": "00:24:39", "end": "00:24:43", "text": "to explain it's maybe one year sales"}, {"start": "00:24:42", "end": "00:24:45", "text": "cycle can you do something on our chain"}, {"start": "00:24:43", "end": "00:24:47", "text": "let's black rockck maybe it's going to"}, {"start": "00:24:45", "end": "00:24:50", "text": "do something it's not this organic stuff"}, {"start": "00:24:47", "end": "00:24:52", "text": "so anyway I get that intention is great"}, {"start": "00:24:50", "end": "00:24:53", "text": "way to attract users partners launching"}, {"start": "00:24:52", "end": "00:24:55", "text": "them. Yeah, that's fully correct. But"}, {"start": "00:24:53", "end": "00:24:58", "text": "memecoins lose people money and destroy"}, {"start": "00:24:55", "end": "00:24:59", "text": "trust. Look no further than base meme"}, {"start": "00:24:58", "end": "00:25:02", "text": "coins that were launched early. I mean,"}, {"start": "00:24:59", "end": "00:25:04", "text": "most trading things lose people money."}, {"start": "00:25:02", "end": "00:25:07", "text": "Okay, even fundamental. Look at Orbitum."}, {"start": "00:25:04", "end": "00:25:09", "text": "Look at Orbit Room. Let's look at uh"}, {"start": "00:25:07", "end": "00:25:13", "text": "these things that uh probably the guy"}, {"start": "00:25:09", "end": "00:25:16", "text": "thinks is good. L2 technology. Orbitum."}, {"start": "00:25:13", "end": "00:25:20", "text": "So good technology. Oh my god. So much"}, {"start": "00:25:16", "end": "00:25:20", "text": "fundamental. O"}, {"start": "00:25:21", "end": "00:25:27", "text": "this is so serious. O look at how"}, {"start": "00:25:25", "end": "00:25:28", "text": "serious tech. Okay. Probably this guy"}, {"start": "00:25:27", "end": "00:25:30", "text": "that tries something like this like you"}, {"start": "00:25:28", "end": "00:25:33", "text": "know this kind Jesse kind of archetype."}, {"start": "00:25:30", "end": "00:25:35", "text": "Jesse from base archetype probably"}, {"start": "00:25:33", "end": "00:25:41", "text": "thinks you know let's check optim"}, {"start": "00:25:35", "end": "00:25:42", "text": "optimism. O so serious. O"}, {"start": "00:25:41", "end": "00:25:45", "text": "look at the use case. Look at the"}, {"start": "00:25:42", "end": "00:25:47", "text": "technology of optimism L2 for guys"}, {"start": "00:25:45", "end": "00:25:50", "text": "industry. Oh, look look look at it. Look"}, {"start": "00:25:47", "end": "00:25:52", "text": "at it. Look at it. Look at it. Look at"}, {"start": "00:25:50", "end": "00:25:54", "text": "it. Look at it. So, man, what are you"}, {"start": "00:25:52", "end": "00:25:57", "text": "speaking about? Listen, I I after being"}, {"start": "00:25:54", "end": "00:25:59", "text": "here, I just cut through all of these"}, {"start": "00:25:57", "end": "00:26:01", "text": "narratives people have in their brain."}, {"start": "00:25:59", "end": "00:26:02", "text": "And I can assure you guys like you"}, {"start": "00:26:01", "end": "00:26:04", "text": "yourself have a lot of narratives as"}, {"start": "00:26:02", "end": "00:26:07", "text": "well. That's why I'm telling you to do"}, {"start": "00:26:04", "end": "00:26:09", "text": "the quiz below to do to to so you know"}, {"start": "00:26:07", "end": "00:26:12", "text": "your investor profile where your"}, {"start": "00:26:09", "end": "00:26:14", "text": "weakness which your strength because you"}, {"start": "00:26:12", "end": "00:26:16", "text": "probably some of you probably believe"}, {"start": "00:26:14", "end": "00:26:17", "text": "this kind of stuff that the guy rise and"}, {"start": "00:26:16", "end": "00:26:19", "text": "by the way he's probably a good guy I"}, {"start": "00:26:17", "end": "00:26:22", "text": "mean it's because it's like the midcurve"}, {"start": "00:26:19", "end": "00:26:24", "text": "way to to see things that oh you know"}, {"start": "00:26:22", "end": "00:26:27", "text": "look okay let's look at fundamental"}, {"start": "00:26:24", "end": "00:26:30", "text": "let's look at dot okay dot"}, {"start": "00:26:27", "end": "00:26:34", "text": "guys you know we love looking at dot oh"}, {"start": "00:26:30", "end": "00:26:38", "text": "so serious so so serious Serious. O so"}, {"start": "00:26:34", "end": "00:26:42", "text": "serious technology. O so much better"}, {"start": "00:26:38", "end": "00:26:42", "text": "than memecoin. Oi."}, {"start": "00:26:42", "end": "00:26:48", "text": "Okay. Cosmos. This the best fundamental."}, {"start": "00:26:45", "end": "00:26:50", "text": "Everyone loves Cosmos. So serious tech."}, {"start": "00:26:48", "end": "00:26:52", "text": "Oh, look here from the peak where it"}, {"start": "00:26:50", "end": "00:26:54", "text": "went."}, {"start": "00:26:52", "end": "00:26:55", "text": "What is this? Okay guys, I think you get"}, {"start": "00:26:54", "end": "00:26:58", "text": "the point. I think you get the point."}, {"start": "00:26:55", "end": "00:27:00", "text": "Like everything in crypto goes down if"}, {"start": "00:26:58", "end": "00:27:01", "text": "you don't and you need to sell in a bare"}, {"start": "00:27:00", "end": "00:27:04", "text": "trend. That's why guys we speak so much"}, {"start": "00:27:01", "end": "00:27:07", "text": "about Bulmania about our money scanner"}, {"start": "00:27:04", "end": "00:27:09", "text": "how we ensure that uh our members are"}, {"start": "00:27:07", "end": "00:27:11", "text": "never in bare trends never never ever"}, {"start": "00:27:09", "end": "00:27:14", "text": "ever ever in bare trends how we ensure"}, {"start": "00:27:11", "end": "00:27:16", "text": "that everyone is positioned properly etc"}, {"start": "00:27:14", "end": "00:27:17", "text": "etc etc I mean positioning is what you"}, {"start": "00:27:16", "end": "00:27:19", "text": "need to work on because everything in"}, {"start": "00:27:17", "end": "00:27:20", "text": "crypto no matter the fundamentals is"}, {"start": "00:27:19", "end": "00:27:22", "text": "going to go down a lot man it's going to"}, {"start": "00:27:20", "end": "00:27:24", "text": "go down a lot it's going to go up a lot"}, {"start": "00:27:22", "end": "00:27:26", "text": "it's going to go down a lot so instead"}, {"start": "00:27:24", "end": "00:27:29", "text": "focus attention robin walt ecosystem on"}, {"start": "00:27:26", "end": "00:27:31", "text": "orcus okay tokenize stock it's they're"}, {"start": "00:27:29", "end": "00:27:32", "text": "all centralized. So, okay, you want to"}, {"start": "00:27:31", "end": "00:27:34", "text": "centralize, but they're going to have to"}, {"start": "00:27:32", "end": "00:27:36", "text": "listen, tokenized stocks is easy. It's"}, {"start": "00:27:34", "end": "00:27:37", "text": "not hard, man. Especially as Robin Hood,"}, {"start": "00:27:36", "end": "00:27:39", "text": "they have all of the stocks in the app."}, {"start": "00:27:37", "end": "00:27:42", "text": "For them to tokenize them is easy. Like"}, {"start": "00:27:39", "end": "00:27:43", "text": "a monkey can do tokenized stock. Okay, I"}, {"start": "00:27:42", "end": "00:27:45", "text": "can do tokenized stock. Anyone can do"}, {"start": "00:27:43", "end": "00:27:47", "text": "tokenized stock. It's easy. There's"}, {"start": "00:27:45", "end": "00:27:49", "text": "there's tech for that. It's no problem."}, {"start": "00:27:47", "end": "00:27:50", "text": "You can share liquidity, market maker,"}, {"start": "00:27:49", "end": "00:27:52", "text": "you can share, you know, the all of the"}, {"start": "00:27:50", "end": "00:27:54", "text": "infra for tokenized stock is there."}, {"start": "00:27:52", "end": "00:27:56", "text": "Like, it's not hard, man. It's one of"}, {"start": "00:27:54", "end": "00:27:58", "text": "the easiest things nowadays. It's uh but"}, {"start": "00:27:56", "end": "00:28:01", "text": "to win the lab of the user, that's hard."}, {"start": "00:27:58", "end": "00:28:03", "text": "to win the user over to have them bridge"}, {"start": "00:28:01", "end": "00:28:05", "text": "that's hard right to to talk it's"}, {"start": "00:28:03", "end": "00:28:07", "text": "especially for Robin Hood it's like a"}, {"start": "00:28:05", "end": "00:28:08", "text": "it's a road map which is certain you"}, {"start": "00:28:07", "end": "00:28:10", "text": "know some things let's say you want to"}, {"start": "00:28:08", "end": "00:28:12", "text": "build a product more or less it's"}, {"start": "00:28:10", "end": "00:28:15", "text": "certain you get you get the devs devs"}, {"start": "00:28:12", "end": "00:28:16", "text": "they sit down they dev takes a bit of"}, {"start": "00:28:15", "end": "00:28:18", "text": "time but you're going to build the"}, {"start": "00:28:16", "end": "00:28:19", "text": "product at the end of the day it's"}, {"start": "00:28:18", "end": "00:28:21", "text": "certain that you're going to have it"}, {"start": "00:28:19", "end": "00:28:24", "text": "done talking a stock is it's more like"}, {"start": "00:28:21", "end": "00:28:26", "text": "that it's a technological journey it's"}, {"start": "00:28:24", "end": "00:28:28", "text": "going to be done getting user is very"}, {"start": "00:28:26", "end": "00:28:30", "text": "uncertain it's very uncertain you have"}, {"start": "00:28:28", "end": "00:28:32", "text": "to try things, you have to figure stuff"}, {"start": "00:28:30", "end": "00:28:33", "text": "out. It may or may not work. You may"}, {"start": "00:28:32", "end": "00:28:37", "text": "have to reinvent yourself as you go. So"}, {"start": "00:28:33", "end": "00:28:38", "text": "that's uncertain project which is a need"}, {"start": "00:28:37", "end": "00:28:40", "text": "a must. That's very hard. It's very"}, {"start": "00:28:38", "end": "00:28:42", "text": "hard. Marketing is very hard. Marketing"}, {"start": "00:28:40", "end": "00:28:43", "text": "is way harder than building. I mean the"}, {"start": "00:28:42", "end": "00:28:45", "text": "monkey can build nowadays. You open"}, {"start": "00:28:43", "end": "00:28:47", "text": "claude bam bam bam you have something"}, {"start": "00:28:45", "end": "00:28:49", "text": "working. You have some mega gig that"}, {"start": "00:28:47", "end": "00:28:51", "text": "makes it good. So that claude the"}, {"start": "00:28:49", "end": "00:28:52", "text": "hallucination is removed. You hire a few"}, {"start": "00:28:51", "end": "00:28:54", "text": "of them mega gigs. They will come"}, {"start": "00:28:52", "end": "00:28:56", "text": "together in the room. They know building"}, {"start": "00:28:54", "end": "00:28:59", "text": "is the easy part. The hard part how the"}, {"start": "00:28:56", "end": "00:29:00", "text": "hell you sell it. how you get people"}, {"start": "00:28:59", "end": "00:29:04", "text": "money for your product which no one"}, {"start": "00:29:00", "end": "00:29:05", "text": "cares about in most cases. Okay,"}, {"start": "00:29:04", "end": "00:29:08", "text": "I'm telling you that as a computer"}, {"start": "00:29:05", "end": "00:29:11", "text": "scientist engineer who worked in uh in"}, {"start": "00:29:08", "end": "00:29:13", "text": "programming full-time before crypto I I"}, {"start": "00:29:11", "end": "00:29:16", "text": "mean I know that engineering role I mean"}, {"start": "00:29:13", "end": "00:29:19", "text": "in many cases if it's not like bleeding"}, {"start": "00:29:16", "end": "00:29:21", "text": "edge like a research it's more or less a"}, {"start": "00:29:19", "end": "00:29:22", "text": "lowrisk thing that the company knows"}, {"start": "00:29:21", "end": "00:29:23", "text": "it's going to be done it's good it's"}, {"start": "00:29:22", "end": "00:29:27", "text": "going to be done there are many people"}, {"start": "00:29:23", "end": "00:29:30", "text": "that code etc etc so uh please actually"}, {"start": "00:29:27", "end": "00:29:33", "text": "focus on RWA okay"}, {"start": "00:29:30", "end": "00:29:34", "text": "okay the is the easy part. Tokenized"}, {"start": "00:29:33", "end": "00:29:36", "text": "stuff is easy. It's it's it's a sales"}, {"start": "00:29:34", "end": "00:29:38", "text": "process also. You need to you need to"}, {"start": "00:29:36", "end": "00:29:40", "text": "get Larry to do things. You need to make"}, {"start": "00:29:38", "end": "00:29:41", "text": "centralized entities to decide. So, it's"}, {"start": "00:29:40", "end": "00:29:43", "text": "a sales process. It takes a lot of time."}, {"start": "00:29:41", "end": "00:29:45", "text": "It's not going to be, you know,"}, {"start": "00:29:43", "end": "00:29:49", "text": "tomorrow, but it's it's not either or."}, {"start": "00:29:45", "end": "00:29:51", "text": "It's not either or. And by the way, uh"}, {"start": "00:29:49", "end": "00:29:52", "text": "that's a very important point. You it's"}, {"start": "00:29:51", "end": "00:29:54", "text": "not like you you either do this or that."}, {"start": "00:29:52", "end": "00:29:56", "text": "If it's an open chain, you do"}, {"start": "00:29:54", "end": "00:29:58", "text": "everything. My bull case, Robin Hood"}, {"start": "00:29:56", "end": "00:30:01", "text": "investors. Yeah. I mean, that's going to"}, {"start": "00:29:58", "end": "00:30:04", "text": "happen. It's actually more likely to"}, {"start": "00:30:01", "end": "00:30:06", "text": "happen if they have users because they"}, {"start": "00:30:04", "end": "00:30:08", "text": "onboard via memes than they don't have"}, {"start": "00:30:06", "end": "00:30:10", "text": "users because it's only the corpo stuff."}, {"start": "00:30:08", "end": "00:30:12", "text": "Anyway, you can read more, but I highly"}, {"start": "00:30:10", "end": "00:30:15", "text": "disagree. But big shout out to John Ma."}, {"start": "00:30:12", "end": "00:30:16", "text": "John Ma, we love John Ma, but we highly"}, {"start": "00:30:15", "end": "00:30:20", "text": "disagree. Highly, highly, highly"}, {"start": "00:30:16", "end": "00:30:22", "text": "disagree, guys. Cintia Lumis, what else"}, {"start": "00:30:20", "end": "00:30:24", "text": "she's doing with this clarity act? Let's"}, {"start": "00:30:22", "end": "00:30:27", "text": "listen again. She's saying something"}, {"start": "00:30:24", "end": "00:30:28", "text": "about clarity act. Maybe it's here in"}, {"start": "00:30:27", "end": "00:30:31", "text": "this room with us. Let's listen. I don't"}, {"start": "00:30:28", "end": "00:30:34", "text": "know."}, {"start": "00:30:31", "end": "00:30:37", "text": ">> Well, it's taken us virtually every day"}, {"start": "00:30:34", "end": "00:30:41", "text": "for the last 10 months uh to get this"}, {"start": "00:30:37", "end": "00:30:44", "text": "bill in the condition it's in today and"}, {"start": "00:30:41", "end": "00:30:47", "text": "we're ready. Uh so we will be"}, {"start": "00:30:44", "end": "00:30:49", "text": "introducing uh in the next few days. Uh"}, {"start": "00:30:47", "end": "00:30:52", "text": "we're going to be in session now for"}, {"start": "00:30:49", "end": "00:30:54", "text": "four straight weeks. Uh it's very"}, {"start": "00:30:52", "end": "00:30:57", "text": "important that we get this bill across"}, {"start": "00:30:54", "end": "00:30:58", "text": "the finish line before the August recess"}, {"start": "00:30:57", "end": "00:31:03", "text": "begins."}, {"start": "00:30:58", "end": "00:31:06", "text": "uh so we can make the markets aware of"}, {"start": "00:31:03", "end": "00:31:09", "text": "the stability uh that will be provided"}, {"start": "00:31:06", "end": "00:31:12", "text": "to them if they remain onshore in the"}, {"start": "00:31:09", "end": "00:31:15", "text": "United States to do business. This is a"}, {"start": "00:31:12", "end": "00:31:16", "text": "pivotal time for the industry and we"}, {"start": "00:31:15", "end": "00:31:18", "text": "want to meet their needs. We also want"}, {"start": "00:31:16", "end": "00:31:21", "text": "to meet the needs of law enforcement"}, {"start": "00:31:18", "end": "00:31:23", "text": "with regard to preventing illicit"}, {"start": "00:31:21", "end": "00:31:25", "text": "finance and provide consumer"}, {"start": "00:31:23", "end": "00:31:27", "text": "protections. We think we've accomplished"}, {"start": "00:31:25", "end": "00:31:30", "text": "that goal with this bill. It's been"}, {"start": "00:31:27", "end": "00:31:32", "text": "arduous, but we're ready for prime time."}, {"start": "00:31:30", "end": "00:31:34", "text": ">> Absolutely. So, is it fair to say this"}, {"start": "00:31:32", "end": "00:31:38", "text": "bill will be back on it will be on the"}, {"start": "00:31:34", "end": "00:31:41", "text": "Senate floor the week of July 20th?"}, {"start": "00:31:38", "end": "00:31:44", "text": ">> Well, I expect it'll be that week, but"}, {"start": "00:31:41", "end": "00:31:46", "text": "uh considering the important things that"}, {"start": "00:31:44", "end": "00:31:49", "text": "we have to deal with in these four"}, {"start": "00:31:46", "end": "00:31:52", "text": "weeks, um Senator Thun will make the"}, {"start": "00:31:49", "end": "00:31:54", "text": "final decision about which week to bring"}, {"start": "00:31:52", "end": "00:31:56", "text": "clarity. We're going to speak more and"}, {"start": "00:31:54", "end": "00:31:58", "text": "again and bill and maybe it's going to"}, {"start": "00:31:56", "end": "00:31:59", "text": "be guys for bull market just a reminder"}, {"start": "00:31:58", "end": "00:32:01", "text": "so you don't get confused this bill does"}, {"start": "00:31:59", "end": "00:32:02", "text": "not matter for the bull market bull"}, {"start": "00:32:01", "end": "00:32:04", "text": "market will start because Bitcoin"}, {"start": "00:32:02", "end": "00:32:06", "text": "bottomed it went to bull trend whether"}, {"start": "00:32:04", "end": "00:32:08", "text": "this bill is here or not obviously it's"}, {"start": "00:32:06", "end": "00:32:09", "text": "good if it happens obviously it's good"}, {"start": "00:32:08", "end": "00:32:10", "text": "if it happens but if it doesn't happen"}, {"start": "00:32:09", "end": "00:32:12", "text": "it doesn't matter either it doesn't"}, {"start": "00:32:10", "end": "00:32:14", "text": "matter either don't don't worry too much"}, {"start": "00:32:12", "end": "00:32:16", "text": "about this uh but I know many people"}, {"start": "00:32:14", "end": "00:32:17", "text": "love the clarity act that's why we cover"}, {"start": "00:32:16", "end": "00:32:19", "text": "it but yeah don't worry too much look"}, {"start": "00:32:17", "end": "00:32:21", "text": "here pulse check on the clarity act"}, {"start": "00:32:19", "end": "00:32:23", "text": "after a flurry of development in sources"}, {"start": "00:32:21", "end": "00:32:25", "text": "tell me update CL text. They don't even"}, {"start": "00:32:23", "end": "00:32:28", "text": "know the text, man."}, {"start": "00:32:25", "end": "00:32:30", "text": "Tuesday morning offered some insight."}, {"start": "00:32:28", "end": "00:32:32", "text": "Okay. Meanwhile, one of the lead"}, {"start": "00:32:30", "end": "00:32:34", "text": "negotiator"}, {"start": "00:32:32", "end": "00:32:37", "text": "Tilly's comments bank lobby. Yeah, banks"}, {"start": "00:32:34", "end": "00:32:38", "text": "don't like it. Um, law enforcement"}, {"start": "00:32:37", "end": "00:32:40", "text": "groups are also making their views"}, {"start": "00:32:38", "end": "00:32:42", "text": "known. Yesterday, the federal law"}, {"start": "00:32:40", "end": "00:32:45", "text": "enforcement. Okay. Recommended target"}, {"start": "00:32:42", "end": "00:32:46", "text": "changes. Okay. Uh, blockchain regulatory"}, {"start": "00:32:45", "end": "00:32:48", "text": "certainty. Many bills, guys. They're"}, {"start": "00:32:46", "end": "00:32:51", "text": "going to be manufacturing bills. Ask"}, {"start": "00:32:48", "end": "00:32:53", "text": "clear what it means for Yeah. Not too"}, {"start": "00:32:51", "end": "00:32:54", "text": "much. We don't even know what the bill"}, {"start": "00:32:53", "end": "00:32:56", "text": "is, guys. The language was going to be."}, {"start": "00:32:54", "end": "00:33:00", "text": "Let's see. Let's see. Moving on. Moving"}, {"start": "00:32:56", "end": "00:33:02", "text": "on. Bitcoin can't go down with a war and"}, {"start": "00:33:00", "end": "00:33:06", "text": "sailor selling. Zcash can't go down with"}, {"start": "00:33:02", "end": "00:33:07", "text": "a P 0 privacy bug discovered by I E"}, {"start": "00:33:06", "end": "00:33:10", "text": "books. Robin Hood after Vitalic. This"}, {"start": "00:33:07", "end": "00:33:15", "text": "allows gambling as a valid use case. The"}, {"start": "00:33:10", "end": "00:33:18", "text": "night is darkest before down. Okay."}, {"start": "00:33:15", "end": "00:33:18", "text": "Okay."}, {"start": "00:33:18", "end": "00:33:22", "text": "The down is coming. I here I agree fully"}, {"start": "00:33:20", "end": "00:33:23", "text": "by the The dawn is coming. And by the"}, {"start": "00:33:22", "end": "00:33:27", "text": "way, look here. Speaking about Robin"}, {"start": "00:33:23", "end": "00:33:29", "text": "Hood now inside."}, {"start": "00:33:27", "end": "00:33:31", "text": "Ah, but it's it's Robin Hood wallet,"}, {"start": "00:33:29", "end": "00:33:33", "text": "man. It's Robin Hood wallet. Ah, okay."}, {"start": "00:33:31", "end": "00:33:35", "text": "It's Robin Hood. Okay. Yeah. I mean, you"}, {"start": "00:33:33", "end": "00:33:37", "text": "see now what's what's uh what's trending"}, {"start": "00:33:35", "end": "00:33:39", "text": "on Robin Hood inside Robin Hood wallet,"}, {"start": "00:33:37", "end": "00:33:40", "text": "but it's like a non-custo wallet. It's"}, {"start": "00:33:39", "end": "00:33:43", "text": "not where they have all the users. They"}, {"start": "00:33:40", "end": "00:33:47", "text": "don't p they don't push this uh ponzies"}, {"start": "00:33:43", "end": "00:33:49", "text": "to the boomers that just installed Robin"}, {"start": "00:33:47", "end": "00:33:52", "text": "Hood who just learned how to trade"}, {"start": "00:33:49", "end": "00:33:53", "text": "stock. Sadly, no. That I mean that's"}, {"start": "00:33:52", "end": "00:33:57", "text": "what we need. We need we need them to"}, {"start": "00:33:53", "end": "00:33:59", "text": "see tendies with 3.2 million unicorn"}, {"start": "00:33:57", "end": "00:34:01", "text": "818."}, {"start": "00:33:59", "end": "00:34:02", "text": "But yeah, I mean let's see if they can"}, {"start": "00:34:01", "end": "00:34:04", "text": "get but they need to balance here guys."}, {"start": "00:34:02", "end": "00:34:06", "text": "They need to need to find a nice balance"}, {"start": "00:34:04", "end": "00:34:08", "text": "because if they promote ponzies too much"}, {"start": "00:34:06", "end": "00:34:10", "text": "people going to lose money. So they need"}, {"start": "00:34:08", "end": "00:34:13", "text": "to be tasteful in how they do it. It's"}, {"start": "00:34:10", "end": "00:34:15", "text": "very hard to do. Uh I don't know what's"}, {"start": "00:34:13", "end": "00:34:20", "text": "the good answer here is. I just think"}, {"start": "00:34:15", "end": "00:34:22", "text": "that uh trying to uh bet on Robin Hood"}, {"start": "00:34:20", "end": "00:34:26", "text": "promoting all of the ponzies to all"}, {"start": "00:34:22", "end": "00:34:28", "text": "their clients is a bad bull thesis."}, {"start": "00:34:26", "end": "00:34:30", "text": "People are bullish Robin Hood because"}, {"start": "00:34:28", "end": "00:34:32", "text": "they say that oh but it's going to be"}, {"start": "00:34:30", "end": "00:34:34", "text": "promoted to all the users. They cannot"}, {"start": "00:34:32", "end": "00:34:36", "text": "do that. They literally cannot do that."}, {"start": "00:34:34", "end": "00:34:38", "text": "if they start promoting all of the"}, {"start": "00:34:36", "end": "00:34:40", "text": "crypto to all of the users that use"}, {"start": "00:34:38", "end": "00:34:42", "text": "Robin Hood like your mom that just"}, {"start": "00:34:40", "end": "00:34:45", "text": "installed it as an easy way to start"}, {"start": "00:34:42", "end": "00:34:47", "text": "trading stocks. You know, it's easy to"}, {"start": "00:34:45", "end": "00:34:48", "text": "think that all everyone on Robin Hood is"}, {"start": "00:34:47", "end": "00:34:51", "text": "this, you know, digent trader. No, I"}, {"start": "00:34:48", "end": "00:34:54", "text": "mean many people when they, you know, in"}, {"start": "00:34:51", "end": "00:34:57", "text": "the middle ages um"}, {"start": "00:34:54", "end": "00:34:58", "text": "30, 50, you know, they also use Robin"}, {"start": "00:34:57", "end": "00:35:00", "text": "Hood and imagine the issues they're"}, {"start": "00:34:58", "end": "00:35:02", "text": "going to have if they start pushing the"}, {"start": "00:35:00", "end": "00:35:04", "text": "ponzies to them. So I that's not a"}, {"start": "00:35:02", "end": "00:35:07", "text": "reason to be bullish Robin Hood. Bullish"}, {"start": "00:35:04", "end": "00:35:09", "text": "Robin Hood is not is not the reason that"}, {"start": "00:35:07", "end": "00:35:12", "text": "uh you know they're going to be pushing"}, {"start": "00:35:09", "end": "00:35:14", "text": "retail to it. I they literally cannot do"}, {"start": "00:35:12", "end": "00:35:16", "text": "it. The best they can do is in this"}, {"start": "00:35:14", "end": "00:35:20", "text": "wallet and they also here have to be"}, {"start": "00:35:16", "end": "00:35:22", "text": "super careful because imagine the plebe"}, {"start": "00:35:20", "end": "00:35:24", "text": "retail installs Robin Hood wallet for"}, {"start": "00:35:22", "end": "00:35:27", "text": "the first time. They use Robin Hood app."}, {"start": "00:35:24", "end": "00:35:28", "text": "They love their Tesla stock or whatever."}, {"start": "00:35:27", "end": "00:35:30", "text": "They go install the wallet to check"}, {"start": "00:35:28", "end": "00:35:32", "text": "crypto. They buy this thing. it goes to"}, {"start": "00:35:30", "end": "00:35:34", "text": "zero, they lose the user. You"}, {"start": "00:35:32", "end": "00:35:36", "text": "understand? They lose the user. So, it's"}, {"start": "00:35:34", "end": "00:35:39", "text": "a it's a very hard product question."}, {"start": "00:35:36", "end": "00:35:42", "text": "Very hard product question. And uh uh"}, {"start": "00:35:39", "end": "00:35:44", "text": "instead, it's better that the DJs, they"}, {"start": "00:35:42", "end": "00:35:46", "text": "figure out themselves. You have a Den"}, {"start": "00:35:44", "end": "00:35:48", "text": "app. Maybe the Robin Hood wallet is the"}, {"start": "00:35:46", "end": "00:35:50", "text": "DJ app. It depends how they position the"}, {"start": "00:35:48", "end": "00:35:52", "text": "wallet inside the Robin Hood ecosystem."}, {"start": "00:35:50", "end": "00:35:55", "text": "Is it for Digs? Is it for buying big"}, {"start": "00:35:52", "end": "00:35:58", "text": "caps and just, you know, testing out"}, {"start": "00:35:55", "end": "00:36:02", "text": "crypto? If they have trending like this"}, {"start": "00:35:58", "end": "00:36:05", "text": "super visible with like 800k market cap,"}, {"start": "00:36:02", "end": "00:36:07", "text": "I guess the wallet is for teachings that"}, {"start": "00:36:05", "end": "00:36:09", "text": "if that's their product direction. But"}, {"start": "00:36:07", "end": "00:36:12", "text": "anyway, uh my conclusion here is that"}, {"start": "00:36:09", "end": "00:36:15", "text": "don't tr don't bet on Robin Hood"}, {"start": "00:36:12", "end": "00:36:17", "text": "promoting the crap to all their users."}, {"start": "00:36:15", "end": "00:36:18", "text": "Just like Coinbase never promoted all"}, {"start": "00:36:17", "end": "00:36:21", "text": "the crap from base chain to all their"}, {"start": "00:36:18", "end": "00:36:24", "text": "users for a reason. Uh Robin Hood is not"}, {"start": "00:36:21", "end": "00:36:25", "text": "going to do do that either. But they"}, {"start": "00:36:24", "end": "00:36:26", "text": "have a bit of advantage here where"}, {"start": "00:36:25", "end": "00:36:28", "text": "everyone in crypto thinks they're going"}, {"start": "00:36:26", "end": "00:36:30", "text": "to do. So they have a lot of attention,"}, {"start": "00:36:28", "end": "00:36:32", "text": "a lot of inflow whether they actually"}, {"start": "00:36:30", "end": "00:36:33", "text": "going to do very big question. I would"}, {"start": "00:36:32", "end": "00:36:34", "text": "be surprised. I mean nothing is"}, {"start": "00:36:33", "end": "00:36:37", "text": "impossible but I would be surprised if"}, {"start": "00:36:34", "end": "00:36:40", "text": "you open Robin Hood and you see freaking"}, {"start": "00:36:37", "end": "00:36:43", "text": "you know tendis 800k market cap created"}, {"start": "00:36:40", "end": "00:36:45", "text": "by one guy that controls all the wallets"}, {"start": "00:36:43", "end": "00:36:49", "text": "in it that as soon as the grandma puts"}, {"start": "00:36:45", "end": "00:36:49", "text": "the pension he ra. Okay."}, {"start": "00:36:51", "end": "00:36:57", "text": "By the way, people say don't drink into"}, {"start": "00:36:53", "end": "00:36:57", "text": "the microphone. How should it?"}, {"start": "00:36:57", "end": "00:37:04", "text": "You heard that?"}, {"start": "00:37:00", "end": "00:37:04", "text": "Maybe like this"}, {"start": "00:37:07", "end": "00:37:14", "text": "is good. Okay, good. Guys, look here."}, {"start": "00:37:11", "end": "00:37:16", "text": "ETH people bullish ETH during the last I"}, {"start": "00:37:14", "end": "00:37:19", "text": "would say 12 hours like there's a lot of"}, {"start": "00:37:16", "end": "00:37:22", "text": "tweets about ETH"}, {"start": "00:37:19", "end": "00:37:24", "text": "as crypto winter but we know something"}, {"start": "00:37:22", "end": "00:37:26", "text": "that most player doesn't know and that's"}, {"start": "00:37:24", "end": "00:37:28", "text": "that is still B trend still just lower"}, {"start": "00:37:26", "end": "00:37:32", "text": "highs but we're going to be bullish ETH"}, {"start": "00:37:28", "end": "00:37:32", "text": "when it goes on bullshinter"}, {"start": "00:37:34", "end": "00:37:40", "text": "comes to an end it's time for a new blue"}, {"start": "00:37:37", "end": "00:37:43", "text": "ship asset to lead the way"}, {"start": "00:37:40", "end": "00:37:46", "text": "all Major innovation tokenization stable"}, {"start": "00:37:43", "end": "00:37:48", "text": "coin pers okay relax man which pers"}, {"start": "00:37:46", "end": "00:37:50", "text": "there's no pers on it some people say"}, {"start": "00:37:48", "end": "00:37:52", "text": "that hyper liquid is it I mean relax"}, {"start": "00:37:50", "end": "00:37:54", "text": "guys relax what do you mean L2 is by the"}, {"start": "00:37:52", "end": "00:37:55", "text": "way it's not a major innovation it's a"}, {"start": "00:37:54", "end": "00:38:00", "text": "major retardation just like you know"}, {"start": "00:37:55", "end": "00:38:01", "text": "acceleration physical term physical term"}, {"start": "00:38:00", "end": "00:38:03", "text": "is the"}, {"start": "00:38:01", "end": "00:38:06", "text": "fully scientific acceleration"}, {"start": "00:38:03", "end": "00:38:07", "text": "retardation you have in physics L2s"}, {"start": "00:38:06", "end": "00:38:10", "text": "they're not a major invention they're a"}, {"start": "00:38:07", "end": "00:38:12", "text": "major retardation that they now try to"}, {"start": "00:38:10", "end": "00:38:16", "text": "spin us something good. Defi all happens"}, {"start": "00:38:12", "end": "00:38:19", "text": "on ETH. Blockchain visia moment is here."}, {"start": "00:38:16", "end": "00:38:21", "text": "I mean, man, if you say so. If you say"}, {"start": "00:38:19", "end": "00:38:22", "text": "if you say so. By the way, I'm bearish"}, {"start": "00:38:21", "end": "00:38:25", "text": "Salana also now until the bull trend and"}, {"start": "00:38:22", "end": "00:38:28", "text": "until we just so we're clear like I'm"}, {"start": "00:38:25", "end": "00:38:30", "text": "not singling out ETH really here. Well,"}, {"start": "00:38:28", "end": "00:38:31", "text": "it's funny when people write like this"}, {"start": "00:38:30", "end": "00:38:34", "text": "grand statements all what do you mean?"}, {"start": "00:38:31", "end": "00:38:38", "text": "What? No one I don't remember last time"}, {"start": "00:38:34", "end": "00:38:40", "text": "I used ETH guys like actually uh maybe"}, {"start": "00:38:38", "end": "00:38:42", "text": "he means that hyperlquid is ETH but it's"}, {"start": "00:38:40", "end": "00:38:46", "text": "definitely not ETH. Definitely not ETH."}, {"start": "00:38:42", "end": "00:38:52", "text": "Oh, Matt is saying test the mic on let's"}, {"start": "00:38:46", "end": "00:38:52", "text": "test let's test it ASMR. Do you hear it?"}, {"start": "00:38:54", "end": "00:39:01", "text": "What is that? How you do ASMR? ASMR. How"}, {"start": "00:38:56", "end": "00:39:01", "text": "do these ASMR uh channels do it?"}, {"start": "00:39:03", "end": "00:39:07", "text": "Is that how you do it?"}, {"start": "00:39:05", "end": "00:39:11", "text": "I have a lot of this mic, guys. It's so"}, {"start": "00:39:07", "end": "00:39:14", "text": "good mic. It um picks up freaking"}, {"start": "00:39:11", "end": "00:39:16", "text": "everything. I clear my nose a bit. It's"}, {"start": "00:39:14", "end": "00:39:18", "text": "It's like you get full HD in your in"}, {"start": "00:39:16", "end": "00:39:21", "text": "your speaker. How I clear my nose. I sip"}, {"start": "00:39:18", "end": "00:39:23", "text": "coffee. You get like full HD. IMAX. You"}, {"start": "00:39:21", "end": "00:39:26", "text": "get IMAX."}, {"start": "00:39:23", "end": "00:39:29", "text": "You can watch Odicos Odis how you say"}, {"start": "00:39:26", "end": "00:39:33", "text": "the the movie in IMAX. You also get here"}, {"start": "00:39:29", "end": "00:39:33", "text": "IMAX. We with full quality."}, {"start": "00:39:33", "end": "00:39:40", "text": "Okay. How you sell the say the movie? Is"}, {"start": "00:39:36", "end": "00:39:42", "text": "it Ada? How you say Odicio? Odicios is"}, {"start": "00:39:40", "end": "00:39:46", "text": "the guy. Odyssey. Is that how you say"}, {"start": "00:39:42", "end": "00:39:49", "text": "Odyssey? Odyssey. Is that how you"}, {"start": "00:39:46", "end": "00:39:51", "text": "pronounce it? Anyway,"}, {"start": "00:39:49", "end": "00:39:53", "text": "they they have they have some"}, {"start": "00:39:51", "end": "00:39:56", "text": "interesting change of uh stuff there"}, {"start": "00:39:53", "end": "00:39:57", "text": "from the Troya. You remember Troy? Do"}, {"start": "00:39:56", "end": "00:40:00", "text": "you say Troyer or Troy in English?"}, {"start": "00:39:57", "end": "00:40:02", "text": "Anyway, the movie Troy with Brad Pit."}, {"start": "00:40:00", "end": "00:40:04", "text": "Helen looked one way. I hear in this"}, {"start": "00:40:02", "end": "00:40:06", "text": "this one, she's going to be totally"}, {"start": "00:40:04", "end": "00:40:07", "text": "different."}, {"start": "00:40:06", "end": "00:40:09", "text": "Bishop, we're going to we're going to"}, {"start": "00:40:07", "end": "00:40:10", "text": "look it. We're going to look it. Okay,"}, {"start": "00:40:09", "end": "00:40:12", "text": "guys. Uh we're going to watch it. Watch"}, {"start": "00:40:10", "end": "00:40:15", "text": "it is the"}, {"start": "00:40:12", "end": "00:40:17", "text": "correct term. Look here. Trad doesn't"}, {"start": "00:40:15", "end": "00:40:19", "text": "want DeFi. It wants blockchain. Man,"}, {"start": "00:40:17", "end": "00:40:21", "text": "transfer what is this? Okay, A6 and Z."}, {"start": "00:40:19", "end": "00:40:23", "text": "Okay, a bit respect. Let's see what they"}, {"start": "00:40:21", "end": "00:40:25", "text": "say. There is a version of future that"}, {"start": "00:40:23", "end": "00:40:28", "text": "that does become almost canonical in"}, {"start": "00:40:25", "end": "00:40:30", "text": "crypto. Defi and transfer converge."}, {"start": "00:40:28", "end": "00:40:31", "text": "Permissionless liquidity missing usual"}, {"start": "00:40:30", "end": "00:40:34", "text": "distribution"}, {"start": "00:40:31", "end": "00:40:38", "text": "and result and results"}, {"start": "00:40:34", "end": "00:40:40", "text": "in some elegant hybrid that captures."}, {"start": "00:40:38", "end": "00:40:42", "text": "Okay, so what's what's the point here?"}, {"start": "00:40:40", "end": "00:40:44", "text": "Oh no, guys, we're not going to read it."}, {"start": "00:40:42", "end": "00:40:46", "text": "Let's let's just ask Gro."}, {"start": "00:40:44", "end": "00:40:49", "text": "It's too much, man. It's too much."}, {"start": "00:40:46", "end": "00:40:51", "text": "Grock. Wait, wait. What happened? They"}, {"start": "00:40:49", "end": "00:40:52", "text": "removed Grock."}, {"start": "00:40:51", "end": "00:40:55", "text": "Wait, wait, wait, wait, wait, wait,"}, {"start": "00:40:52", "end": "00:40:57", "text": "wait, wait, wait, wait. What the hell?"}, {"start": "00:40:55", "end": "00:41:00", "text": "You guys remember before it opened up"}, {"start": "00:40:57", "end": "00:41:02", "text": "Grock chat?"}, {"start": "00:41:00", "end": "00:41:06", "text": "No. What happened?"}, {"start": "00:41:02", "end": "00:41:10", "text": "I don't want summary. I want to chat."}, {"start": "00:41:06", "end": "00:41:10", "text": "Summarize. What happened?"}, {"start": "00:41:10", "end": "00:41:17", "text": "No. What? Very bad, man. Nikita, is it"}, {"start": "00:41:14", "end": "00:41:19", "text": "Nikita that fs up Twitter every day? I"}, {"start": "00:41:17", "end": "00:41:23", "text": "don't want I want to chat with Grock"}, {"start": "00:41:19", "end": "00:41:26", "text": "about it. Okay. Uh summary chat via dos"}, {"start": "00:41:23", "end": "00:41:29", "text": "bloging to cut cost."}, {"start": "00:41:26", "end": "00:41:29", "text": "No,"}, {"start": "00:41:29", "end": "00:41:34", "text": "it's for guys. It's for guys. It's like"}, {"start": "00:41:31", "end": "00:41:36", "text": "hyperledger in 2017."}, {"start": "00:41:34", "end": "00:41:37", "text": "You don't cut cost. It depends on which"}, {"start": "00:41:36", "end": "00:41:40", "text": "blockchain. Maybe Solana you can cut"}, {"start": "00:41:37", "end": "00:41:43", "text": "cost. Maybe you do your own. Anyway,"}, {"start": "00:41:40", "end": "00:41:45", "text": "institutions selectively use fitting"}, {"start": "00:41:43", "end": "00:41:47", "text": "primitives like atomic settlement. Okay,"}, {"start": "00:41:45", "end": "00:41:49", "text": "this Chris"}, {"start": "00:41:47", "end": "00:41:51", "text": "helping institutions to adopt. Yeah,"}, {"start": "00:41:49", "end": "00:41:52", "text": "that's true. That's true. If you are"}, {"start": "00:41:51", "end": "00:41:54", "text": "build a startup, you can build some kind"}, {"start": "00:41:52", "end": "00:41:56", "text": "of startup that connects institution to"}, {"start": "00:41:54", "end": "00:41:58", "text": "blockchain like there have been some big"}, {"start": "00:41:56", "end": "00:42:00", "text": "exits with stable coin platforms that"}, {"start": "00:41:58", "end": "00:42:03", "text": "you create a stable coin for"}, {"start": "00:42:00", "end": "00:42:05", "text": "institutions. So yeah, that's correct."}, {"start": "00:42:03", "end": "00:42:07", "text": "Uh but yeah, we need to specify public"}, {"start": "00:42:05", "end": "00:42:08", "text": "blockchain. If they adopt public"}, {"start": "00:42:07", "end": "00:42:10", "text": "blockchain, then this sentence makes"}, {"start": "00:42:08", "end": "00:42:12", "text": "sense. Jazz blockchain can be like"}, {"start": "00:42:10", "end": "00:42:15", "text": "Hyperledger. No one cared about it. They"}, {"start": "00:42:12", "end": "00:42:18", "text": "said it's going to cut cost. It didn't"}, {"start": "00:42:15", "end": "00:42:21", "text": "cut cost. It created new cost."}, {"start": "00:42:18", "end": "00:42:22", "text": "Uh ETH from people. B people has"}, {"start": "00:42:21", "end": "00:42:26", "text": "interesting pictures here. Daily"}, {"start": "00:42:22", "end": "00:42:28", "text": "picture. Look here. Vitalic is back. Not"}, {"start": "00:42:26", "end": "00:42:31", "text": "really, but uh the picture is nice. It's"}, {"start": "00:42:28", "end": "00:42:34", "text": "very interesting pictures this guy has."}, {"start": "00:42:31", "end": "00:42:39", "text": "Let's see. So, Ethereum. Yes. United"}, {"start": "00:42:34", "end": "00:42:42", "text": "States of Erling. Oh, yeah. Every land"}, {"start": "00:42:39", "end": "00:42:45", "text": "scam al it's very man this is art this"}, {"start": "00:42:42", "end": "00:42:45", "text": "is art"}, {"start": "00:42:45", "end": "00:42:50", "text": "England conquers Norway yeah looks"}, {"start": "00:42:48", "end": "00:42:54", "text": "maxing oh guys looks maxing crazy crazy"}, {"start": "00:42:50", "end": "00:42:57", "text": "crazy all of the young dudes are like"}, {"start": "00:42:54", "end": "00:42:59", "text": "sawing their jaw or something happening"}, {"start": "00:42:57", "end": "00:43:02", "text": "guys it's crazy now you should take care"}, {"start": "00:42:59", "end": "00:43:04", "text": "of yourself you should be in good shape"}, {"start": "00:43:02", "end": "00:43:08", "text": "I'm all for that but man the young dudes"}, {"start": "00:43:04", "end": "00:43:12", "text": "what's happening they they uh they Oh,"}, {"start": "00:43:08", "end": "00:43:15", "text": "loco. They uh they take us like a"}, {"start": "00:43:12", "end": "00:43:18", "text": "chisel. They like remove their It's"}, {"start": "00:43:15", "end": "00:43:20", "text": "crazy, man. It's crazy. It's uh I don't"}, {"start": "00:43:18", "end": "00:43:24", "text": "know if it's maybe US only, but it's"}, {"start": "00:43:20", "end": "00:43:26", "text": "good accepted, but it's I'm looking at"}, {"start": "00:43:24", "end": "00:43:28", "text": "it. It's insane. Are you guys into looks"}, {"start": "00:43:26", "end": "00:43:31", "text": "maxing? I mean, everyone should be a bit"}, {"start": "00:43:28", "end": "00:43:33", "text": "into looks maxing. I mean, take care."}, {"start": "00:43:31", "end": "00:43:34", "text": "Take care skin. Take care hair. I mean,"}, {"start": "00:43:33", "end": "00:43:38", "text": "it's it's good to take care. is good to"}, {"start": "00:43:34", "end": "00:43:40", "text": "take care for sure but man this guy like"}, {"start": "00:43:38", "end": "00:43:43", "text": "puts in the freaking starts sewing the"}, {"start": "00:43:40", "end": "00:43:45", "text": "the char the jaw to extend it bice"}, {"start": "00:43:43", "end": "00:43:47", "text": "expansion pack you know there's this guy"}, {"start": "00:43:45", "end": "00:43:50", "text": "clavvicular"}, {"start": "00:43:47", "end": "00:43:52", "text": "this is kind of thing that Twitter"}, {"start": "00:43:50", "end": "00:43:54", "text": "pushed down my throat before they"}, {"start": "00:43:52", "end": "00:43:56", "text": "changed the algorithm back to crypto"}, {"start": "00:43:54", "end": "00:44:00", "text": "again you know you open Twitter you see"}, {"start": "00:43:56", "end": "00:44:03", "text": "all this like what is this so now he's"}, {"start": "00:44:00", "end": "00:44:05", "text": "announcing geo maxing okay so he's no"}, {"start": "00:44:03", "end": "00:44:08", "text": "longer looks maxing. He now is going to"}, {"start": "00:44:05", "end": "00:44:09", "text": "be doing geom maxing arguing the US"}, {"start": "00:44:08", "end": "00:44:13", "text": "market is too competitive. So even he"}, {"start": "00:44:09", "end": "00:44:16", "text": "with his like uh altered face is not"}, {"start": "00:44:13", "end": "00:44:18", "text": "successful. But if you go to poor"}, {"start": "00:44:16", "end": "00:44:22", "text": "countries like I'm sorry but this kind"}, {"start": "00:44:18", "end": "00:44:26", "text": "of looks uh focus"}, {"start": "00:44:22", "end": "00:44:28", "text": "it's a bit gay you know. Nothing wrong"}, {"start": "00:44:26", "end": "00:44:30", "text": "with that. Nothing wrong with that. But"}, {"start": "00:44:28", "end": "00:44:32", "text": "I'm not sure in other countries it's"}, {"start": "00:44:30", "end": "00:44:38", "text": "seen as something like good that you're"}, {"start": "00:44:32", "end": "00:44:38", "text": "a dude and you you focus so much, man."}, {"start": "00:44:39", "end": "00:44:43", "text": "I I don't know if it's going to play out"}, {"start": "00:44:40", "end": "00:44:46", "text": "for him. You go to East Europe, you go"}, {"start": "00:44:43", "end": "00:44:47", "text": "to Latin America, like everyone is is"}, {"start": "00:44:46", "end": "00:44:48", "text": "important to take care of yourself, but"}, {"start": "00:44:47", "end": "00:44:51", "text": "this you put your whole you dedicate"}, {"start": "00:44:48", "end": "00:44:55", "text": "your whole life"}, {"start": "00:44:51", "end": "00:44:57", "text": "to doing your job. Get out of here,"}, {"start": "00:44:55", "end": "00:44:59", "text": "guys. Am I a boomer to think like that"}, {"start": "00:44:57", "end": "00:45:01", "text": "or what's happening?"}, {"start": "00:44:59", "end": "00:45:03", "text": "What's happening? I think this geomaxing"}, {"start": "00:45:01", "end": "00:45:04", "text": "thing is going to backfire for him."}, {"start": "00:45:03", "end": "00:45:08", "text": "Okay,"}, {"start": "00:45:04", "end": "00:45:09", "text": "it's I mean that's how I would expect it"}, {"start": "00:45:08", "end": "00:45:10", "text": "at least. But yeah, let's see. Let's"}, {"start": "00:45:09", "end": "00:45:13", "text": "see. Maybe I'm a boomer and this is like"}, {"start": "00:45:10", "end": "00:45:15", "text": "the new generation."}, {"start": "00:45:13", "end": "00:45:17", "text": "You need to chisel your your jaw."}, {"start": "00:45:15", "end": "00:45:19", "text": "Anyway, and by the way, you know, the"}, {"start": "00:45:17", "end": "00:45:22", "text": "jaw is more about the fat percent more"}, {"start": "00:45:19", "end": "00:45:23", "text": "than more than anything. If you have a"}, {"start": "00:45:22", "end": "00:45:25", "text": "low body fat, it's it's going to be"}, {"start": "00:45:23", "end": "00:45:28", "text": "okay. It's gonna be you're gonna have"}, {"start": "00:45:25", "end": "00:45:31", "text": "more jaw. So if you want to more more"}, {"start": "00:45:28", "end": "00:45:33", "text": "jaw, lose lose fat. This is not not"}, {"start": "00:45:31", "end": "00:45:36", "text": "hard. It's not hard. Well, I mean, more"}, {"start": "00:45:33", "end": "00:45:40", "text": "correctly, let me say it like this. It's"}, {"start": "00:45:36", "end": "00:45:42", "text": "simple, but it's not easy. Okay."}, {"start": "00:45:40", "end": "00:45:44", "text": "Anyway, let's move back to crypto. But"}, {"start": "00:45:42", "end": "00:45:46", "text": "let me know, guys, if you chisel your"}, {"start": "00:45:44", "end": "00:45:48", "text": "jaw, what you're doing, let's go to Q&A,"}, {"start": "00:45:46", "end": "00:45:49", "text": "questions, answers, debates,"}, {"start": "00:45:48", "end": "00:45:53", "text": "discussions."}, {"start": "00:45:49", "end": "00:45:54", "text": "Let's go, guys. Uh, let me see. Some guy"}, {"start": "00:45:53", "end": "00:45:58", "text": "asked some question, what's your current"}, {"start": "00:45:54", "end": "00:45:59", "text": "allocation market? Uh 10% invested. So,"}, {"start": "00:45:58", "end": "00:46:02", "text": "uh like we've been saying before, the"}, {"start": "00:45:59", "end": "00:46:05", "text": "best allocation now is to invest up to"}, {"start": "00:46:02", "end": "00:46:08", "text": "15% of your intended Bitcoin position in"}, {"start": "00:46:05", "end": "00:46:10", "text": "in the buy zone DCA and then go heavier"}, {"start": "00:46:08", "end": "00:46:12", "text": "as we go bull flip right here. If you"}, {"start": "00:46:10", "end": "00:46:14", "text": "are part of Bull Mania, I will be"}, {"start": "00:46:12", "end": "00:46:16", "text": "releasing model portfolios later this"}, {"start": "00:46:14", "end": "00:46:19", "text": "week. they're coming depends on your"}, {"start": "00:46:16", "end": "00:46:21", "text": "risk because portfolio has to do with"}, {"start": "00:46:19", "end": "00:46:23", "text": "risk of course which portfolio you"}, {"start": "00:46:21", "end": "00:46:25", "text": "choose because we not everything can"}, {"start": "00:46:23", "end": "00:46:27", "text": "happen in in the market nothing is"}, {"start": "00:46:25", "end": "00:46:29", "text": "certain in the market so it's always"}, {"start": "00:46:27", "end": "00:46:33", "text": "risk so if you're in Bulmania it's going"}, {"start": "00:46:29", "end": "00:46:35", "text": "to come uh for all of you free plebe I"}, {"start": "00:46:33", "end": "00:46:35", "text": "can tell you that here is good to DCA"}, {"start": "00:46:35", "end": "00:46:35", "text": "but bad but bad but bad but bad but bad"}, {"start": "00:46:35", "end": "00:46:35", "text": "but bad but bad but bad but bad but bad"}, {"start": "00:46:35", "end": "00:46:35", "text": "but bad but bad but bad but bad but bad"}, {"start": "00:46:35", "end": "00:46:36", "text": "but bad but bad but bad but bad but bad"}, {"start": "00:46:35", "end": "00:46:36", "text": "but bad but bad but bad but bad but bad"}, {"start": "00:46:36", "end": "00:46:40", "text": "but bad but bad but bad but bad but bad"}, {"start": "00:46:36", "end": "00:46:41", "text": "but bad with a minor minor uh allocation"}, {"start": "00:46:40", "end": "00:46:43", "text": "and the big allocation is going to"}, {"start": "00:46:41", "end": "00:46:46", "text": "happen when we go bull flip because"}, {"start": "00:46:43", "end": "00:46:47", "text": "still we can go down here to 40s to 50s"}, {"start": "00:46:46", "end": "00:46:50", "text": "bull flip is going to catch up with the"}, {"start": "00:46:47", "end": "00:46:53", "text": "price just like here you see it catched"}, {"start": "00:46:50", "end": "00:46:55", "text": "up a lot uh just like ETH now you see"}, {"start": "00:46:53", "end": "00:46:57", "text": "ETH is kind of leading Bitcoin in that"}, {"start": "00:46:55", "end": "00:46:59", "text": "regard where the bull flip is not that"}, {"start": "00:46:57", "end": "00:47:02", "text": "far away you see bitcoin is going to be"}, {"start": "00:46:59", "end": "00:47:04", "text": "in such position soon also that this uh"}, {"start": "00:47:02", "end": "00:47:07", "text": "bull flip is going to come come down"}, {"start": "00:47:04", "end": "00:47:09", "text": "maybe price comes down to 504 so but"}, {"start": "00:47:07", "end": "00:47:11", "text": "again everything is probabilistic that's"}, {"start": "00:47:09", "end": "00:47:13", "text": "why this here still makes sense with the"}, {"start": "00:47:11", "end": "00:47:14", "text": "smaller amounts um because it could be"}, {"start": "00:47:13", "end": "00:47:16", "text": "the buying it could be could could be"}, {"start": "00:47:14", "end": "00:47:19", "text": "the bottom. Who knows? Could be the"}, {"start": "00:47:16", "end": "00:47:22", "text": "bottom. We're so late in the in the bare"}, {"start": "00:47:19", "end": "00:47:26", "text": "market that anything is possible here."}, {"start": "00:47:22", "end": "00:47:28", "text": "I'm um Now, the key here is to cover"}, {"start": "00:47:26", "end": "00:47:30", "text": "both scenarios. Cover both scenarios."}, {"start": "00:47:28", "end": "00:47:32", "text": "Don't worry about buying the absolute"}, {"start": "00:47:30", "end": "00:47:33", "text": "bottom. You're going to do it. You need"}, {"start": "00:47:32", "end": "00:47:35", "text": "to cover both scenarios. Meaning that if"}, {"start": "00:47:33", "end": "00:47:37", "text": "this is the bottom, you're good. If this"}, {"start": "00:47:35", "end": "00:47:41", "text": "is not the bottom, you're also good."}, {"start": "00:47:37", "end": "00:47:42", "text": "Okay? Hope that makes sense. Uh but"}, {"start": "00:47:41", "end": "00:47:44", "text": "yeah, we can easily go here. We can"}, {"start": "00:47:42", "end": "00:47:46", "text": "easily go to 40s. We can I mean you see"}, {"start": "00:47:44", "end": "00:47:48", "text": "here the buy zone it's everything is"}, {"start": "00:47:46", "end": "00:47:50", "text": "still everything to the downside is"}, {"start": "00:47:48", "end": "00:47:52", "text": "still on the table. Why? Because we're I"}, {"start": "00:47:50", "end": "00:47:54", "text": "mean literally guys actually if you look"}, {"start": "00:47:52", "end": "00:47:56", "text": "at Bitcoin what has happened here it's"}, {"start": "00:47:54", "end": "00:48:00", "text": "kind of like Salana it broke down"}, {"start": "00:47:56", "end": "00:48:03", "text": "support it tested it got rejected"}, {"start": "00:48:00", "end": "00:48:05", "text": "testing again."}, {"start": "00:48:03", "end": "00:48:08", "text": "Yeah, let's see. Everything bearish is"}, {"start": "00:48:05", "end": "00:48:10", "text": "still on the table. Just that the"}, {"start": "00:48:08", "end": "00:48:13", "text": "probability of it is a bit less than"}, {"start": "00:48:10", "end": "00:48:16", "text": "let's say uh you know back here when it"}, {"start": "00:48:13", "end": "00:48:20", "text": "was late May, early June. It's a bit"}, {"start": "00:48:16", "end": "00:48:22", "text": "less. Why? Because Q4 is closer,"}, {"start": "00:48:20", "end": "00:48:24", "text": "but it's still very very large"}, {"start": "00:48:22", "end": "00:48:26", "text": "probability at this point. Again, I'm"}, {"start": "00:48:24", "end": "00:48:30", "text": "saying to I don't know whether it's uh"}, {"start": "00:48:26", "end": "00:48:32", "text": "more or less uh equal or probably now I"}, {"start": "00:48:30", "end": "00:48:33", "text": "would say it's 50/50. We're late in the"}, {"start": "00:48:32", "end": "00:48:35", "text": "bare market. I don't want to be like"}, {"start": "00:48:33", "end": "00:48:37", "text": "super bare. I don't want to be super"}, {"start": "00:48:35", "end": "00:48:40", "text": "greedy like waiting to for lower price."}, {"start": "00:48:37", "end": "00:48:43", "text": "We're quite far. But at the same time,"}, {"start": "00:48:40", "end": "00:48:45", "text": "probability is very big like 50% still"}, {"start": "00:48:43", "end": "00:48:48", "text": "can happen. So ensure that you're good"}, {"start": "00:48:45", "end": "00:48:51", "text": "in both scenarios here. This is not the"}, {"start": "00:48:48", "end": "00:48:52", "text": "time to be greedy and uh you know expect"}, {"start": "00:48:51", "end": "00:48:54", "text": "lower. It was in October. I told you to"}, {"start": "00:48:52", "end": "00:48:57", "text": "be riskoff in October. Now it's man."}, {"start": "00:48:54", "end": "00:48:59", "text": "It's July now. It's now it's time to be"}, {"start": "00:48:57", "end": "00:49:02", "text": "more bull."}, {"start": "00:48:59", "end": "00:49:05", "text": "So yeah uh"}, {"start": "00:49:02", "end": "00:49:08", "text": "at the end of the bare market where"}, {"start": "00:49:05", "end": "00:49:11", "text": "which we are getting close to the"}, {"start": "00:49:08", "end": "00:49:14", "text": "probabilities are equalizing. So yeah we"}, {"start": "00:49:11", "end": "00:49:17", "text": "are we are in this situation now where"}, {"start": "00:49:14", "end": "00:49:20", "text": "where both are very likely but see"}, {"start": "00:49:17", "end": "00:49:22", "text": "should we go in the bull trend then it's"}, {"start": "00:49:20", "end": "00:49:24", "text": "80 plus% probability that we have"}, {"start": "00:49:22", "end": "00:49:26", "text": "Valhalla. So then it's uh that's why I'm"}, {"start": "00:49:24", "end": "00:49:28", "text": "telling you from a risk road perspective"}, {"start": "00:49:26", "end": "00:49:30", "text": "most capital should be deployed only"}, {"start": "00:49:28", "end": "00:49:32", "text": "when we go bull trend and this bull"}, {"start": "00:49:30", "end": "00:49:34", "text": "trend is going to come down lower and"}, {"start": "00:49:32", "end": "00:49:35", "text": "lower. Let's say we go sideways here for"}, {"start": "00:49:34", "end": "00:49:38", "text": "a few months which is not uncommon to do"}, {"start": "00:49:35", "end": "00:49:41", "text": "at the bottom man this bull flip is"}, {"start": "00:49:38", "end": "00:49:46", "text": "going to be here at like maybe 70 or"}, {"start": "00:49:41", "end": "00:49:46", "text": "high 60s. Let's see"}, {"start": "00:49:46", "end": "00:49:53", "text": "uh some other question from before."}, {"start": "00:49:49", "end": "00:49:55", "text": "Let's see if I can find"}, {"start": "00:49:53", "end": "00:49:56", "text": "biggest bull signal is Ivan showing up"}, {"start": "00:49:55", "end": "00:49:58", "text": "in my algo. That's good. That's good."}, {"start": "00:49:56", "end": "00:50:04", "text": "That's good. So, yeah, those were the"}, {"start": "00:49:58", "end": "00:50:04", "text": "two questions that got asked uh before"}, {"start": "00:50:08", "end": "00:50:16", "text": "my AI hallucinates on acid."}, {"start": "00:50:13", "end": "00:50:16", "text": "Yeah, a big hallucination."}, {"start": "00:50:18", "end": "00:50:22", "text": "Ivan, which is the best platform for"}, {"start": "00:50:19", "end": "00:50:24", "text": "tokenized stocks? I mean on Slana you"}, {"start": "00:50:22", "end": "00:50:28", "text": "have all kinds of stocks just trading on"}, {"start": "00:50:24", "end": "00:50:30", "text": "um even on dexes but go to X stocks X"}, {"start": "00:50:28", "end": "00:50:31", "text": "stocks inside phantom wallet you can"}, {"start": "00:50:30", "end": "00:50:34", "text": "trade tokeniz stocks there are quite a"}, {"start": "00:50:31", "end": "00:50:37", "text": "lot inside the hyperlid you can trade"}, {"start": "00:50:34", "end": "00:50:38", "text": "stocks uh if you want depends on what"}, {"start": "00:50:37", "end": "00:50:39", "text": "what you're after. If you just want to"}, {"start": "00:50:38", "end": "00:50:42", "text": "speculate on price, you can go to"}, {"start": "00:50:39", "end": "00:50:43", "text": "hyperlquid. You can go to hyperlquid. If"}, {"start": "00:50:42", "end": "00:50:47", "text": "you want to own something that is"}, {"start": "00:50:43", "end": "00:50:51", "text": "redeemable for actual stock, then it is"}, {"start": "00:50:47", "end": "00:50:55", "text": "uh uh sana redee. Let me see if I can"}, {"start": "00:50:51", "end": "00:50:58", "text": "find some uh some some sana. Let me see."}, {"start": "00:50:55", "end": "00:51:00", "text": "Redeem redeemable stock here. Here is"}, {"start": "00:50:58", "end": "00:51:02", "text": "then is backpack. Exactly. Look here."}, {"start": "00:51:00", "end": "00:51:04", "text": "For example, on Sana you have X stocks."}, {"start": "00:51:02", "end": "00:51:06", "text": "You can check that. And you have also"}, {"start": "00:51:04", "end": "00:51:09", "text": "backpack and backpack like what they're"}, {"start": "00:51:06", "end": "00:51:12", "text": "doing on Sana is"}, {"start": "00:51:09", "end": "00:51:15", "text": "uh redeemable stock. So if you have a"}, {"start": "00:51:12", "end": "00:51:18", "text": "token, you are entitled to redeem it for"}, {"start": "00:51:15", "end": "00:51:20", "text": "actual stock. You understand? So this is"}, {"start": "00:51:18", "end": "00:51:23", "text": "more ownership. You want to be an owner"}, {"start": "00:51:20", "end": "00:51:24", "text": "of the asset. If you just want to"}, {"start": "00:51:23", "end": "00:51:26", "text": "speculate on the asset, you go to"}, {"start": "00:51:24", "end": "00:51:29", "text": "hyperlquid there. When you trade the"}, {"start": "00:51:26", "end": "00:51:30", "text": "everything, it's per contract. So it's"}, {"start": "00:51:29", "end": "00:51:32", "text": "not ownership, it's speculating on the"}, {"start": "00:51:30", "end": "00:51:36", "text": "price. Uh, so it's also possible"}, {"start": "00:51:32", "end": "00:51:36", "text": "depending on what you want."}, {"start": "00:51:36", "end": "00:51:39", "text": "Can you please explain lightning network"}, {"start": "00:51:37", "end": "00:51:42", "text": "versus liquid for Bitcoin specifically?"}, {"start": "00:51:39", "end": "00:51:44", "text": "Man, I think you are maybe eight years"}, {"start": "00:51:42", "end": "00:51:46", "text": "late."}, {"start": "00:51:44", "end": "00:51:48", "text": "Are you eight years late to this"}, {"start": "00:51:46", "end": "00:51:52", "text": "industry? This kind of stuff we we had"}, {"start": "00:51:48", "end": "00:51:55", "text": "hopes for and discussed in 2018."}, {"start": "00:51:52", "end": "00:51:57", "text": "Uh, lightning liquid. Oh, Blockstream is"}, {"start": "00:51:55", "end": "00:51:58", "text": "doing liquid liquid. I was always"}, {"start": "00:51:57", "end": "00:52:01", "text": "skeptical because it it felt like"}, {"start": "00:51:58", "end": "00:52:05", "text": "Blockstream is doing some corpo"}, {"start": "00:52:01", "end": "00:52:08", "text": "solution. Um and I never liked it. Uh"}, {"start": "00:52:05", "end": "00:52:10", "text": "liquid lightning I liked for first few"}, {"start": "00:52:08", "end": "00:52:12", "text": "years then I see man what is this? No,"}, {"start": "00:52:10", "end": "00:52:15", "text": "no one's going to use this crap. So to"}, {"start": "00:52:12", "end": "00:52:17", "text": "summarize if you can compare both of"}, {"start": "00:52:15", "end": "00:52:20", "text": "them are garbage. Liquid is garbage."}, {"start": "00:52:17", "end": "00:52:24", "text": "It's a corpo solution by blockstream"}, {"start": "00:52:20", "end": "00:52:27", "text": "where I mean if I want to be a bit um"}, {"start": "00:52:24", "end": "00:52:30", "text": "um you know conspiracy I could even make"}, {"start": "00:52:27", "end": "00:52:32", "text": "the argument that they didn't scale"}, {"start": "00:52:30", "end": "00:52:35", "text": "Bitcoin so that their corpo solution has"}, {"start": "00:52:32", "end": "00:52:38", "text": "a use case with the liquid stuff. Uh,"}, {"start": "00:52:35", "end": "00:52:40", "text": "liquid never got big adoption. Never got"}, {"start": "00:52:38", "end": "00:52:43", "text": "big big adoption. I don't even know why"}, {"start": "00:52:40", "end": "00:52:45", "text": "you're asking about it. Maybe you"}, {"start": "00:52:43", "end": "00:52:48", "text": "discovered this ancient stuff non using"}, {"start": "00:52:45", "end": "00:52:52", "text": "liquid. It's uh it's not a thing really."}, {"start": "00:52:48", "end": "00:52:55", "text": "It's also not like part of Bitcoin,"}, {"start": "00:52:52", "end": "00:52:57", "text": "you know, it's also part of like Bitcoin"}, {"start": "00:52:55", "end": "00:52:59", "text": "core tech. It's Blockstream did this"}, {"start": "00:52:57", "end": "00:53:02", "text": "corpo solution. It's their corporate"}, {"start": "00:52:59", "end": "00:53:04", "text": "solution. It's not decentralized. So,"}, {"start": "00:53:02", "end": "00:53:06", "text": "but they do this scops. Blockstream do"}, {"start": "00:53:04", "end": "00:53:08", "text": "this uh sorry I said block B blockstream"}, {"start": "00:53:06", "end": "00:53:11", "text": "is but by blockstream blockstream do"}, {"start": "00:53:08", "end": "00:53:13", "text": "this scops where they kind of make it"}, {"start": "00:53:11", "end": "00:53:17", "text": "seem like it's you know part of bitcoin"}, {"start": "00:53:13", "end": "00:53:18", "text": "you have you have um liquid network you"}, {"start": "00:53:17", "end": "00:53:20", "text": "have lightning network like it's the"}, {"start": "00:53:18", "end": "00:53:22", "text": "same no it's it's not the same and by"}, {"start": "00:53:20", "end": "00:53:24", "text": "the way I haven't heard anything about"}, {"start": "00:53:22", "end": "00:53:26", "text": "liquid for the past five years except"}, {"start": "00:53:24", "end": "00:53:28", "text": "you ask me now"}, {"start": "00:53:26", "end": "00:53:31", "text": "so yeah don't worry no no no one uses it"}, {"start": "00:53:28", "end": "00:53:33", "text": "like it's uh and if it's used maybe on"}, {"start": "00:53:31", "end": "00:53:36", "text": "the back end you know some corporate"}, {"start": "00:53:33", "end": "00:53:38", "text": "solution it's used. Okay. Now lightning"}, {"start": "00:53:36", "end": "00:53:40", "text": "network is actually you know this"}, {"start": "00:53:38", "end": "00:53:43", "text": "decentralized was supposed to be part of"}, {"start": "00:53:40", "end": "00:53:46", "text": "bitcoin resulted in what full for guys"}, {"start": "00:53:43", "end": "00:53:48", "text": "it resulted in that you in order to use"}, {"start": "00:53:46", "end": "00:53:50", "text": "it you need to use a centralized"}, {"start": "00:53:48", "end": "00:53:51", "text": "solution that's I mean they push all"}, {"start": "00:53:50", "end": "00:53:54", "text": "these wallets where it's fully"}, {"start": "00:53:51", "end": "00:53:56", "text": "centralized like they run the channels"}, {"start": "00:53:54", "end": "00:53:58", "text": "they open the channels you use"}, {"start": "00:53:56", "end": "00:54:00", "text": "established channels so that's what it"}, {"start": "00:53:58", "end": "00:54:03", "text": "has come down to I've never used"}, {"start": "00:54:00", "end": "00:54:05", "text": "lightning since like maybe 2022 when I I"}, {"start": "00:54:03", "end": "00:54:07", "text": "was still believing"}, {"start": "00:54:05", "end": "00:54:12", "text": "I was still believing it."}, {"start": "00:54:07", "end": "00:54:12", "text": "But now, yeah, it's uh"}, {"start": "00:54:12", "end": "00:54:16", "text": "for the past maybe three years, I'm"}, {"start": "00:54:14", "end": "00:54:18", "text": "actually antilating,"}, {"start": "00:54:16", "end": "00:54:20", "text": "man. Let me see if I can find I I I"}, {"start": "00:54:18", "end": "00:54:24", "text": "remember doing a live stream in"}, {"start": "00:54:20", "end": "00:54:27", "text": "Christmas, guys. Christmas 20 2018. And"}, {"start": "00:54:24", "end": "00:54:30", "text": "I said, uh uh let me let me see if I"}, {"start": "00:54:27", "end": "00:54:32", "text": "still have this old old videos."}, {"start": "00:54:30", "end": "00:54:35", "text": "Uh,"}, {"start": "00:54:32", "end": "00:54:38", "text": "old old videos. Let's see. Date. Let me"}, {"start": "00:54:35", "end": "00:54:41", "text": "see if I can find it. We said Christmas"}, {"start": "00:54:38", "end": "00:54:45", "text": "20."}, {"start": "00:54:41", "end": "00:54:45", "text": "Ah, man. I cannot find it."}, {"start": "00:54:46", "end": "00:54:50", "text": "Wait, wait, let me see if this here."}, {"start": "00:54:50", "end": "00:54:56", "text": "But we said Christmas 2018. We said uh,"}, {"start": "00:54:53", "end": "00:54:58", "text": "okay, it was 2017. 2018 was just"}, {"start": "00:54:56", "end": "00:55:00", "text": "starting. who said 2018 is the year"}, {"start": "00:54:58", "end": "00:55:03", "text": "lightning is going to make a big"}, {"start": "00:55:00", "end": "00:55:03", "text": "difference."}, {"start": "00:55:03", "end": "00:55:07", "text": "I cannot find this. But yeah, you"}, {"start": "00:55:05", "end": "00:55:09", "text": "understand soon 10 years later. So yeah,"}, {"start": "00:55:07", "end": "00:55:11", "text": "ignore ignore all of this. Don't worry,"}, {"start": "00:55:09", "end": "00:55:12", "text": "it's not it's not going to change"}, {"start": "00:55:11", "end": "00:55:15", "text": "anything. It's no one is using it"}, {"start": "00:55:12", "end": "00:55:15", "text": "either."}, {"start": "00:55:23", "end": "00:55:28", "text": "Ben thinks as well a drop in Q4 is"}, {"start": "00:55:26", "end": "00:55:29", "text": "expected like the past three times in"}, {"start": "00:55:28", "end": "00:55:33", "text": "midterm years. Very possible. Very"}, {"start": "00:55:29", "end": "00:55:35", "text": "possible. But uh I I mean I I'm also"}, {"start": "00:55:33", "end": "00:55:37", "text": "having it as a real possibility. Real"}, {"start": "00:55:35", "end": "00:55:41", "text": "possibility."}, {"start": "00:55:37", "end": "00:55:44", "text": "A real possibility. But"}, {"start": "00:55:41", "end": "00:55:46", "text": "um the issue is that at the end of the"}, {"start": "00:55:44", "end": "00:55:48", "text": "bear everything is possible. I mean,"}, {"start": "00:55:46", "end": "00:55:50", "text": "listen, I love Ben, but as far as I"}, {"start": "00:55:48", "end": "00:55:54", "text": "know, he did not really nail the reverse"}, {"start": "00:55:50", "end": "00:55:57", "text": "of the market here in 2023, end of 2022"}, {"start": "00:55:54", "end": "00:55:59", "text": "and and beginning of 23. Now, Ben Cowan"}, {"start": "00:55:57", "end": "00:56:01", "text": "and I, we're probably the only channels"}, {"start": "00:55:59", "end": "00:56:04", "text": "that have been playing this bare market"}, {"start": "00:56:01", "end": "00:56:07", "text": "uh more or less flawless. I don't know"}, {"start": "00:56:04", "end": "00:56:09", "text": "too many others,"}, {"start": "00:56:07", "end": "00:56:11", "text": "but the thing is you need to be more"}, {"start": "00:56:09", "end": "00:56:13", "text": "humble towards the end of it because"}, {"start": "00:56:11", "end": "00:56:14", "text": "it's hard. I mean at the end of the bear"}, {"start": "00:56:13", "end": "00:56:18", "text": "it's it's a bit hard like anything can"}, {"start": "00:56:14", "end": "00:56:19", "text": "happen at the end of the bear. So I"}, {"start": "00:56:18", "end": "00:56:23", "text": "don't just want to look at the previous"}, {"start": "00:56:19", "end": "00:56:25", "text": "ones and uh uh and just go of that. I"}, {"start": "00:56:23", "end": "00:56:28", "text": "I'm more open to bullish. I would say"}, {"start": "00:56:25", "end": "00:56:30", "text": "now I'm more open to bullish than ben."}, {"start": "00:56:28", "end": "00:56:33", "text": "That's why we we do DCA here. We have a"}, {"start": "00:56:30", "end": "00:56:35", "text": "strategy of DCA and then uh with a small"}, {"start": "00:56:33", "end": "00:56:39", "text": "amount and then go heavy when we go bull"}, {"start": "00:56:35", "end": "00:56:41", "text": "flip. Okay. But see, this bull flip told"}, {"start": "00:56:39", "end": "00:56:43", "text": "us to be bullish here in the beginning"}, {"start": "00:56:41", "end": "00:56:44", "text": "of 2023."}, {"start": "00:56:43", "end": "00:56:46", "text": "As far as I know, you guys can double"}, {"start": "00:56:44", "end": "00:56:48", "text": "check me on that. I don't know when Ben"}, {"start": "00:56:46", "end": "00:56:51", "text": "Cowan went bullish last cycle. And by"}, {"start": "00:56:48", "end": "00:56:54", "text": "the way, he's he's great. I love Ben. I"}, {"start": "00:56:51", "end": "00:56:59", "text": "love Ben. Uh he's also, you know, Ben,"}, {"start": "00:56:54", "end": "00:56:59", "text": "he the amount of hate he got,"}, {"start": "00:56:59", "end": "00:57:04", "text": "which I also got hate, but Ben was next"}, {"start": "00:57:01", "end": "00:57:08", "text": "level. How much hate he got? Crazy. For"}, {"start": "00:57:04", "end": "00:57:10", "text": "being right. For being right."}, {"start": "00:57:08", "end": "00:57:13", "text": "uh for being right this whole bear, but"}, {"start": "00:57:10", "end": "00:57:15", "text": "uh I I I think he did not get this one"}, {"start": "00:57:13", "end": "00:57:16", "text": "right in the last bear. And it's because"}, {"start": "00:57:15", "end": "00:57:18", "text": "it's the hardest. I don't blame him for"}, {"start": "00:57:16", "end": "00:57:19", "text": "that either. I mean, the only reason we"}, {"start": "00:57:18", "end": "00:57:22", "text": "got it right is the money line is the"}, {"start": "00:57:19", "end": "00:57:26", "text": "only reason. But uh uh it's the hardest."}, {"start": "00:57:22", "end": "00:57:28", "text": "He's the hardest, manu this flip. So"}, {"start": "00:57:26", "end": "00:57:31", "text": "that's why I'm telling you it's now it's"}, {"start": "00:57:28", "end": "00:57:35", "text": "more 50 anything can happen. I'm imagine"}, {"start": "00:57:31", "end": "00:57:36", "text": "a bear with a bull head, you know, 50/50"}, {"start": "00:57:35", "end": "00:57:39", "text": "kind of like that. The market's kind of"}, {"start": "00:57:36", "end": "00:57:42", "text": "like that. It's a bear, but it grew the"}, {"start": "00:57:39", "end": "00:57:45", "text": "horns. So, it has a bullhead."}, {"start": "00:57:42", "end": "00:57:46", "text": "Yeah. So, that's that."}, {"start": "00:57:45", "end": "00:57:49", "text": "And you know, market can do anything."}, {"start": "00:57:46", "end": "00:57:52", "text": "Look here. What happened here? Here out"}, {"start": "00:57:49", "end": "00:57:54", "text": "of nowhere, we had this mega pump in"}, {"start": "00:57:52", "end": "00:57:56", "text": "2019"}, {"start": "00:57:54", "end": "00:57:57", "text": "and then it still went down afterwards."}, {"start": "00:57:56", "end": "00:58:00", "text": "So, that's why you never know what's"}, {"start": "00:57:57", "end": "00:58:03", "text": "going to happen. A year in uh a year"}, {"start": "00:58:00", "end": "00:58:05", "text": "into a uh down uh downward move, you"}, {"start": "00:58:03", "end": "00:58:06", "text": "just have to be more open-minded. After"}, {"start": "00:58:05", "end": "00:58:09", "text": "a year, anything can happen. Everything"}, {"start": "00:58:06", "end": "00:58:11", "text": "can happen. Everything can happen. After"}, {"start": "00:58:09", "end": "00:58:12", "text": "a year of down, only anything can"}, {"start": "00:58:11", "end": "00:58:14", "text": "happen."}, {"start": "00:58:12", "end": "00:58:15", "text": "So that's why I'm saying it wouldn't"}, {"start": "00:58:14", "end": "00:58:17", "text": "surprise me if this is the bottom."}, {"start": "00:58:15", "end": "00:58:20", "text": "Wouldn't at all surprise me. Also would"}, {"start": "00:58:17", "end": "00:58:21", "text": "not surprise me if we go to 50 and 40. I"}, {"start": "00:58:20", "end": "00:58:23", "text": "know guys, you want certainty, but"}, {"start": "00:58:21", "end": "00:58:25", "text": "markets give no certainty. We just It's"}, {"start": "00:58:23", "end": "00:58:28", "text": "all about positioning. It's all about"}, {"start": "00:58:25", "end": "00:58:29", "text": "positioning. It's all about uh ensuring"}, {"start": "00:58:28", "end": "00:58:31", "text": "that no matter what happens, you're"}, {"start": "00:58:29", "end": "00:58:34", "text": "good. And the positioning depends on the"}, {"start": "00:58:31", "end": "00:58:37", "text": "probabilities. up here probability was"}, {"start": "00:58:34", "end": "00:58:40", "text": "mainly mainly bare we were quite cocky"}, {"start": "00:58:37", "end": "00:58:42", "text": "and confident that it's down here I'm"}, {"start": "00:58:40", "end": "00:58:45", "text": "telling you position so you're good no"}, {"start": "00:58:42", "end": "00:58:46", "text": "matter what and that's the hard truth of"}, {"start": "00:58:45", "end": "00:58:49", "text": "the market I mean people want the you"}, {"start": "00:58:46", "end": "00:58:50", "text": "know secret secret signal exactly this"}, {"start": "00:58:49", "end": "00:58:52", "text": "is going to happen if someone tells you"}, {"start": "00:58:50", "end": "00:58:53", "text": "exactly this is going to happen you're"}, {"start": "00:58:52", "end": "00:58:55", "text": "going to get wrecked they're going to"}, {"start": "00:58:53", "end": "00:58:57", "text": "get you know they're either lying to you"}, {"start": "00:58:55", "end": "00:58:59", "text": "or they are ignorant themselves it's"}, {"start": "00:58:57", "end": "00:59:01", "text": "blind leading the blind I'm not saying"}, {"start": "00:58:59", "end": "00:59:03", "text": "that Ben is amazing by the way I mean I"}, {"start": "00:59:01", "end": "00:59:06", "text": "love Ben I love Ben, I'm just saying in"}, {"start": "00:59:03", "end": "00:59:07", "text": "general. In general, Ben has been one of"}, {"start": "00:59:06", "end": "00:59:10", "text": "the few channels who got it right"}, {"start": "00:59:07", "end": "00:59:13", "text": "together with us. This bear and uh also"}, {"start": "00:59:10", "end": "00:59:18", "text": "sometimes I see people attacking his"}, {"start": "00:59:13", "end": "00:59:20", "text": "character. It's it's ridiculous. The guy"}, {"start": "00:59:18", "end": "00:59:23", "text": "that says it's a bull market and"}, {"start": "00:59:20", "end": "00:59:27", "text": "Wintermute is manipulating us down down."}, {"start": "00:59:23", "end": "00:59:30", "text": "He is attacking Ben's character."}, {"start": "00:59:27", "end": "00:59:31", "text": "It's crazy. It's crazy. It's crazy that"}, {"start": "00:59:30", "end": "00:59:35", "text": "you know crypto."}, {"start": "00:59:31", "end": "00:59:36", "text": "I love crypto for this reason because if"}, {"start": "00:59:35", "end": "00:59:38", "text": "you look at the distribution of"}, {"start": "00:59:36", "end": "00:59:40", "text": "intelligence, I mean we are on the lower"}, {"start": "00:59:38", "end": "00:59:41", "text": "end when it comes to you know the the"}, {"start": "00:59:40", "end": "00:59:45", "text": "averages but it it makes this industry"}, {"start": "00:59:41", "end": "00:59:47", "text": "so fun man. See the guy who literally"}, {"start": "00:59:45", "end": "00:59:48", "text": "has been wrong all the time. He said"}, {"start": "00:59:47", "end": "00:59:50", "text": "it's bull market bull bull bull bull"}, {"start": "00:59:48", "end": "00:59:52", "text": "bull then we went down 90% on all coins."}, {"start": "00:59:50", "end": "00:59:56", "text": "He said it's winter mute that is"}, {"start": "00:59:52", "end": "00:59:59", "text": "manipulating. He is attacking Ben. If"}, {"start": "00:59:56", "end": "01:00:01", "text": "you watch Ben's channel, Ben is always"}, {"start": "00:59:59", "end": "01:00:03", "text": "telling you, I could be wrong. He's"}, {"start": "01:00:01", "end": "01:00:05", "text": "always telling you, you know, it's"}, {"start": "01:00:03", "end": "01:00:07", "text": "probability. He always is telling you"}, {"start": "01:00:05", "end": "01:00:10", "text": "everything in the correct way, how to"}, {"start": "01:00:07", "end": "01:00:11", "text": "tell it. He's not a Nostradamos. He"}, {"start": "01:00:10", "end": "01:00:12", "text": "doesn't know the future. He's open with"}, {"start": "01:00:11", "end": "01:00:14", "text": "that. Like, I also don't know the"}, {"start": "01:00:12", "end": "01:00:16", "text": "future. It's all about positioning. But"}, {"start": "01:00:14", "end": "01:00:19", "text": "yeah, it's crazy, guys. I love crypto. I"}, {"start": "01:00:16", "end": "01:00:21", "text": "love it's so fun, man. We I love it,"}, {"start": "01:00:19", "end": "01:00:22", "text": "man. I love it for that reason. It I"}, {"start": "01:00:21", "end": "01:00:23", "text": "wouldn't be here if it would be if it"}, {"start": "01:00:22", "end": "01:00:26", "text": "would be only this, you know, boring"}, {"start": "01:00:23", "end": "01:00:28", "text": "smart smart dudes. It's fantastic."}, {"start": "01:00:26", "end": "01:00:32", "text": "Fantastic."}, {"start": "01:00:28", "end": "01:00:33", "text": "And also the emotions, not only this"}, {"start": "01:00:32", "end": "01:00:37", "text": "intelligence thing, it's awesome. But"}, {"start": "01:00:33", "end": "01:00:39", "text": "the emotions were so emotional. If you"}, {"start": "01:00:37", "end": "01:00:42", "text": "would say something I don't like about"}, {"start": "01:00:39", "end": "01:00:45", "text": "the market, which is just my opinion."}, {"start": "01:00:42", "end": "01:00:47", "text": "You people, YOU'RE SO EMOTIONAL. YOU ARE"}, {"start": "01:00:45", "end": "01:00:50", "text": "PISSING IN MY FACE. It's crazy, guys."}, {"start": "01:00:47", "end": "01:00:50", "text": "It's crazy."}, {"start": "01:00:57", "end": "01:01:02", "text": "Uh, let's see. Someone asked Ben was"}, {"start": "01:00:59", "end": "01:01:05", "text": "wrong about the ETH. When he finally saw"}, {"start": "01:01:02", "end": "01:01:09", "text": "the new alltime high coming, it d I mean"}, {"start": "01:01:05", "end": "01:01:12", "text": "technically it did go to alltime high."}, {"start": "01:01:09", "end": "01:01:15", "text": "It just went like 1% all time. But it's"}, {"start": "01:01:12", "end": "01:01:17", "text": "true. It's true. But you see, uh, that's"}, {"start": "01:01:15", "end": "01:01:19", "text": "the issue with Ben. I mean, if we are to"}, {"start": "01:01:17", "end": "01:01:22", "text": "give some criticism and fair feedback,"}, {"start": "01:01:19", "end": "01:01:25", "text": "it's just no system. You know, you watch"}, {"start": "01:01:22", "end": "01:01:27", "text": "what NASDAQ did in the 90s. Okay, good,"}, {"start": "01:01:25", "end": "01:01:28", "text": "good. But what do you actually do? You"}, {"start": "01:01:27", "end": "01:01:30", "text": "need a system. You need to know what"}, {"start": "01:01:28", "end": "01:01:32", "text": "what which trend it is. Is it bull? Is"}, {"start": "01:01:30", "end": "01:01:34", "text": "it bare? No matter what you think"}, {"start": "01:01:32", "end": "01:01:36", "text": "happened in the NASDAQ in the '9s, no"}, {"start": "01:01:34", "end": "01:01:39", "text": "matter what you think happened in the"}, {"start": "01:01:36", "end": "01:01:40", "text": "last four cycles, you need to have clear"}, {"start": "01:01:39", "end": "01:01:43", "text": "bull or bear. You need to have clear"}, {"start": "01:01:40", "end": "01:01:45", "text": "entry exit. Okay? Because whatever"}, {"start": "01:01:43", "end": "01:01:46", "text": "happened in the last cycles does is not"}, {"start": "01:01:45", "end": "01:01:48", "text": "a guarantee it's going to happen again."}, {"start": "01:01:46", "end": "01:01:49", "text": "Okay? It's not a guarantee. In many"}, {"start": "01:01:48", "end": "01:01:51", "text": "cases, it is quite close. And the reason"}, {"start": "01:01:49", "end": "01:01:53", "text": "is the only reason we believe in the"}, {"start": "01:01:51", "end": "01:01:56", "text": "four-year cycle is because Bitcoin went"}, {"start": "01:01:53", "end": "01:01:58", "text": "bearish here on the daily in October and"}, {"start": "01:01:56", "end": "01:01:59", "text": "we we saw it's it's also um"}, {"start": "01:01:58", "end": "01:02:02", "text": "corresponding to four year cycle. So"}, {"start": "01:01:59", "end": "01:02:04", "text": "it's perfect but should should we just"}, {"start": "01:02:02", "end": "01:02:06", "text": "keep pumping we would say that four year"}, {"start": "01:02:04", "end": "01:02:07", "text": "cycle is for gazi but because we went"}, {"start": "01:02:06", "end": "01:02:10", "text": "bare on the daily first then on the"}, {"start": "01:02:07", "end": "01:02:12", "text": "weekly we said for cycle still works. So"}, {"start": "01:02:10", "end": "01:02:14", "text": "we are actually not following for cycle"}, {"start": "01:02:12", "end": "01:02:16", "text": "we're following the trend. If trend"}, {"start": "01:02:14", "end": "01:02:18", "text": "agrees then we also follow the four"}, {"start": "01:02:16", "end": "01:02:20", "text": "cycle but if the trend disagrees let's"}, {"start": "01:02:18", "end": "01:02:21", "text": "say in October we just see new alltime"}, {"start": "01:02:20", "end": "01:02:23", "text": "high I would be the biggest bull in the"}, {"start": "01:02:21", "end": "01:02:26", "text": "world if we just kept pumping here"}, {"start": "01:02:23", "end": "01:02:27", "text": "towards you know 130 then it doesn't"}, {"start": "01:02:26", "end": "01:02:29", "text": "matter for a cycle or not but the fact"}, {"start": "01:02:27", "end": "01:02:32", "text": "that we might we picked out right when"}, {"start": "01:02:29", "end": "01:02:35", "text": "it was time and we went bare trend etc"}, {"start": "01:02:32", "end": "01:02:35", "text": "etc etc"}, {"start": "01:02:42", "end": "01:02:45", "text": "do you think hyper uprend will end soon."}, {"start": "01:02:44", "end": "01:02:49", "text": "Don't worry about that. Don't worry"}, {"start": "01:02:45", "end": "01:02:51", "text": "about that. Uh I don't know when it's"}, {"start": "01:02:49", "end": "01:02:53", "text": "going to if some if some bull trend is"}, {"start": "01:02:51", "end": "01:02:54", "text": "going to end or begin. We we don't work"}, {"start": "01:02:53", "end": "01:02:57", "text": "like that, guys. We don't work like"}, {"start": "01:02:54", "end": "01:02:58", "text": "that. What? Don't don't don't ask me a"}, {"start": "01:02:57", "end": "01:03:01", "text": "question which is okay. Maybe you're"}, {"start": "01:02:58", "end": "01:03:03", "text": "new. Maybe you're new. But in Bulmania,"}, {"start": "01:03:01", "end": "01:03:05", "text": "we teach a lot. Don't worry about when"}, {"start": "01:03:03", "end": "01:03:07", "text": "something's going to begin or end. Just"}, {"start": "01:03:05", "end": "01:03:09", "text": "react to it. I don't know. Do I look"}, {"start": "01:03:07", "end": "01:03:11", "text": "like Baba Vanga? I don't know, man. I"}, {"start": "01:03:09", "end": "01:03:13", "text": "don't know. Don't try to know. You try"}, {"start": "01:03:11", "end": "01:03:16", "text": "to guess stuff. Why try to guess stuff?"}, {"start": "01:03:13", "end": "01:03:18", "text": "It's bullish now. So treat it as"}, {"start": "01:03:16", "end": "01:03:19", "text": "bullish. If let's say you're interested"}, {"start": "01:03:18", "end": "01:03:22", "text": "in hyperlquid, you're worried that you"}, {"start": "01:03:19", "end": "01:03:24", "text": "enter too high. The noob will be"}, {"start": "01:03:22", "end": "01:03:26", "text": "thinking, oh, you know, will it end"}, {"start": "01:03:24", "end": "01:03:28", "text": "soon? Will it not end soon? If you know"}, {"start": "01:03:26", "end": "01:03:30", "text": "a bit about the market and you really"}, {"start": "01:03:28", "end": "01:03:33", "text": "like hyperlid, you could enter now. You"}, {"start": "01:03:30", "end": "01:03:36", "text": "put stop-loss. Is bull trend still?"}, {"start": "01:03:33", "end": "01:03:38", "text": "Good, good, good. If it goes down, let's"}, {"start": "01:03:36", "end": "01:03:41", "text": "say it is the trend is over. It goes"}, {"start": "01:03:38", "end": "01:03:42", "text": "down uh which is it's still bull. Okay,"}, {"start": "01:03:41", "end": "01:03:44", "text": "good. Your stop loss hits you. You're"}, {"start": "01:03:42", "end": "01:03:46", "text": "out. As long as it's bull trend, you"}, {"start": "01:03:44", "end": "01:03:48", "text": "have good riskreward to enter. Nothing"}, {"start": "01:03:46", "end": "01:03:50", "text": "is guaranteed. Nothing is guaranteed."}, {"start": "01:03:48", "end": "01:03:53", "text": "You have good risk reward to enter. And"}, {"start": "01:03:50", "end": "01:03:55", "text": "you definitely need to do the quiz below"}, {"start": "01:03:53", "end": "01:03:56", "text": "about the crypto investor profile. So"}, {"start": "01:03:55", "end": "01:03:59", "text": "you understand your strengths and"}, {"start": "01:03:56", "end": "01:04:00", "text": "weaknesses because uh this question I"}, {"start": "01:03:59", "end": "01:04:03", "text": "see a bit of a weakness that you have."}, {"start": "01:04:00", "end": "01:04:05", "text": "But uh if you go link below, first link"}, {"start": "01:04:03", "end": "01:04:07", "text": "in description and you click here, get"}, {"start": "01:04:05", "end": "01:04:09", "text": "my crypto investor score, you're going"}, {"start": "01:04:07", "end": "01:04:11", "text": "to be asked a lot of questions like that"}, {"start": "01:04:09", "end": "01:04:12", "text": "uh that that basically unlock the the"}, {"start": "01:04:11", "end": "01:04:15", "text": "flaws in your reasoning. And by the way,"}, {"start": "01:04:12", "end": "01:04:17", "text": "nothing wrong with being uh being noob."}, {"start": "01:04:15", "end": "01:04:18", "text": "Nothing wrong. But yeah, don't guess."}, {"start": "01:04:17", "end": "01:04:20", "text": "Don't guess, you know, is it going to"}, {"start": "01:04:18", "end": "01:04:22", "text": "end? Is is bull is bull. That's it."}, {"start": "01:04:20", "end": "01:04:24", "text": "That's it. That's it. Uh Hyperlid looks"}, {"start": "01:04:22", "end": "01:04:26", "text": "very strong. There is now is not the"}, {"start": "01:04:24", "end": "01:04:29", "text": "time to discuss is it going to end? when"}, {"start": "01:04:26", "end": "01:04:31", "text": "it's going to end. The whole point with"}, {"start": "01:04:29", "end": "01:04:33", "text": "trends is that no one knows when they"}, {"start": "01:04:31", "end": "01:04:35", "text": "end, when they begin. We we know on"}, {"start": "01:04:33", "end": "01:04:38", "text": "average sometimes you can see some stars"}, {"start": "01:04:35", "end": "01:04:40", "text": "how many weeks it's on average. But"}, {"start": "01:04:38", "end": "01:04:42", "text": "the whole point here is you don't have"}, {"start": "01:04:40", "end": "01:04:43", "text": "to. You don't have to. And with"}, {"start": "01:04:42", "end": "01:04:46", "text": "mechanical rules, you know how to set"}, {"start": "01:04:43", "end": "01:04:48", "text": "stop loss, you know how to set uh profit"}, {"start": "01:04:46", "end": "01:04:50", "text": "take, etc., etc. So, anything can"}, {"start": "01:04:48", "end": "01:04:52", "text": "happen. It could go to bare trend"}, {"start": "01:04:50", "end": "01:04:54", "text": "tomorrow. It could have a big fat red"}, {"start": "01:04:52", "end": "01:04:56", "text": "candle here. It's more about riskreward."}, {"start": "01:04:54", "end": "01:04:59", "text": "It's less likely. It's unlikely that it"}, {"start": "01:04:56", "end": "01:05:01", "text": "that it goes down because it's still"}, {"start": "01:04:59", "end": "01:05:03", "text": "bull trend. It's still strong. It's"}, {"start": "01:05:01", "end": "01:05:05", "text": "still green. And uh you have stop loss"}, {"start": "01:05:03", "end": "01:05:09", "text": "that ensures that whatever happens,"}, {"start": "01:05:05", "end": "01:05:09", "text": "you're good."}, {"start": "01:05:09", "end": "01:05:12", "text": "But what if it hits stop loss and then"}, {"start": "01:05:11", "end": "01:05:14", "text": "it keeps mooning? Okay, then you can"}, {"start": "01:05:12", "end": "01:05:15", "text": "reassess. You don't you don't have to be"}, {"start": "01:05:14", "end": "01:05:17", "text": "so needy. We discussed it yesterday."}, {"start": "01:05:15", "end": "01:05:19", "text": "People are sometimes they're so needy."}, {"start": "01:05:17", "end": "01:05:20", "text": "Okay, hit stop loss. If it pumps again,"}, {"start": "01:05:19", "end": "01:05:23", "text": "you can reevaluate. Does this trade now"}, {"start": "01:05:20", "end": "01:05:25", "text": "make sense? Maybe, you know, you you"}, {"start": "01:05:23", "end": "01:05:26", "text": "enter here. Let's say it goes down a"}, {"start": "01:05:25", "end": "01:05:30", "text": "lot. You set stop loss let's say here at"}, {"start": "01:05:26", "end": "01:05:32", "text": "58 59 or something um your stop loss"}, {"start": "01:05:30", "end": "01:05:33", "text": "hits you're out good okay it's good it's"}, {"start": "01:05:32", "end": "01:05:35", "text": "good it's not bad don't see it as a"}, {"start": "01:05:33", "end": "01:05:37", "text": "failure it's just system working system"}, {"start": "01:05:35", "end": "01:05:38", "text": "working your stop loss hit let's say in"}, {"start": "01:05:37", "end": "01:05:40", "text": "the future it rebounds again you can"}, {"start": "01:05:38", "end": "01:05:42", "text": "reconsider maybe you want to enter again"}, {"start": "01:05:40", "end": "01:05:44", "text": "for example when it goes above this"}, {"start": "01:05:42", "end": "01:05:46", "text": "yellow line it would be a good entry"}, {"start": "01:05:44", "end": "01:05:48", "text": "because then it goes above the the"}, {"start": "01:05:46", "end": "01:05:50", "text": "highest weekly close it's quite strong"}, {"start": "01:05:48", "end": "01:05:52", "text": "signal then you can re-enter then you"}, {"start": "01:05:50", "end": "01:05:54", "text": "set stop loss so see it more like that"}, {"start": "01:05:52", "end": "01:05:56", "text": "don't see it as oh man I missed it I had"}, {"start": "01:05:54", "end": "01:05:58", "text": "one chance to buy hyperlquid. You have"}, {"start": "01:05:56", "end": "01:06:01", "text": "this mindset of scarcity that you need"}, {"start": "01:05:58", "end": "01:06:02", "text": "to buy this thing. If you don't buy it"}, {"start": "01:06:01", "end": "01:06:04", "text": "and it goes without you, there is"}, {"start": "01:06:02", "end": "01:06:05", "text": "nothing else to buy. I missed it. Don't"}, {"start": "01:06:04", "end": "01:06:07", "text": "think like that. Like there's always"}, {"start": "01:06:05", "end": "01:06:10", "text": "there's so much guys flipping bullish"}, {"start": "01:06:07", "end": "01:06:12", "text": "every day. There is money being made in"}, {"start": "01:06:10", "end": "01:06:15", "text": "all kinds of stuff. Every day you have"}, {"start": "01:06:12", "end": "01:06:17", "text": "this Chinese stocks, Turkish stock."}, {"start": "01:06:15", "end": "01:06:19", "text": "Well, here you have hyperinflation. So,"}, {"start": "01:06:17", "end": "01:06:21", "text": "be careful. Let's look only at US"}, {"start": "01:06:19", "end": "01:06:24", "text": "stocks. Uh since the bull flip. Let's"}, {"start": "01:06:21", "end": "01:06:26", "text": "see here. Here. Real Mada Therapeeutics"}, {"start": "01:06:24", "end": "01:06:28", "text": "one year ago. Bam. SanDisk 6 months ago."}, {"start": "01:06:26", "end": "01:06:30", "text": "1 year ago, 11 months ago, 6 months, 5"}, {"start": "01:06:28", "end": "01:06:32", "text": "months. You see the gains from the bull"}, {"start": "01:06:30", "end": "01:06:36", "text": "flip. Two months. There's always"}, {"start": "01:06:32", "end": "01:06:36", "text": "something flipping bull."}, {"start": "01:06:51", "end": "01:06:55", "text": "Thanks, Ivan. here since 2018. You're by"}, {"start": "01:06:53", "end": "01:06:57", "text": "far the person I learned the most from"}, {"start": "01:06:55", "end": "01:07:01", "text": "in crypto. Fantastic. Big shout out to"}, {"start": "01:06:57", "end": "01:07:03", "text": "Dio. Do amazing. Amazing. Thank you for"}, {"start": "01:07:01", "end": "01:07:05", "text": "very kind words. That's very, very nice."}, {"start": "01:07:03", "end": "01:07:08", "text": "Oh, holy crap, guys. We're at 1 hour 67"}, {"start": "01:07:05", "end": "01:07:11", "text": "minutes. Holy crap. Okay guys, that's"}, {"start": "01:07:08", "end": "01:07:14", "text": "it. Thank you very much. See how long we"}, {"start": "01:07:11", "end": "01:07:17", "text": "preach today is crazy, man. It's crazy,"}, {"start": "01:07:14", "end": "01:07:19", "text": "crazy, crazy. Okay, let's do final one."}, {"start": "01:07:17", "end": "01:07:21", "text": "Ivan, should I buy sold now? What is the"}, {"start": "01:07:19", "end": "01:07:25", "text": "probability for it going to 30? I I will"}, {"start": "01:07:21", "end": "01:07:26", "text": "not buy. So I would not buy soul now. I"}, {"start": "01:07:25", "end": "01:07:29", "text": "would buy it either when it goes to bull"}, {"start": "01:07:26", "end": "01:07:31", "text": "flip here at 93 or at at 30. Now I"}, {"start": "01:07:29", "end": "01:07:33", "text": "wouldn't buy it because it's just from a"}, {"start": "01:07:31", "end": "01:07:34", "text": "riskreward it's not clear. It could it"}, {"start": "01:07:33", "end": "01:07:36", "text": "could"}, {"start": "01:07:34", "end": "01:07:39", "text": "ei"}, {"start": "01:07:36", "end": "01:07:41", "text": "below support. So it's tilting a bit"}, {"start": "01:07:39", "end": "01:07:44", "text": "more bearish. Uh so probably I would put"}, {"start": "01:07:41", "end": "01:07:46", "text": "65 bearish here. 35 bullish. But 35 it's"}, {"start": "01:07:44", "end": "01:07:48", "text": "a big I mean it's a big still a big"}, {"start": "01:07:46", "end": "01:07:50", "text": "chance that it's bullish. But you see"}, {"start": "01:07:48", "end": "01:07:52", "text": "when I buy I want it to be more or less"}, {"start": "01:07:50", "end": "01:07:55", "text": "up only. I don't want to like waste six"}, {"start": "01:07:52", "end": "01:07:57", "text": "months in some no man's line. So the the"}, {"start": "01:07:55", "end": "01:08:01", "text": "best chance of that is that it goes to"}, {"start": "01:07:57", "end": "01:08:03", "text": "93 and goes bull. That's one scenario"}, {"start": "01:08:01", "end": "01:08:06", "text": "for me. And another scenario it goes so"}, {"start": "01:08:03", "end": "01:08:08", "text": "cheap it's like such a no-brainer that I"}, {"start": "01:08:06", "end": "01:08:12", "text": "buy anyway. So it's then it's below 40"}, {"start": "01:08:08", "end": "01:08:15", "text": "like 39 30 it's whatever starts with 30."}, {"start": "01:08:12", "end": "01:08:19", "text": "Okay. 39 is still 30. Okay. It's 30s."}, {"start": "01:08:15", "end": "01:08:21", "text": "39. Okay. Uh, so yeah, those that's how"}, {"start": "01:08:19", "end": "01:08:23", "text": "I see it, guys. Thank you very much."}, {"start": "01:08:21", "end": "01:08:24", "text": "Enjoy and goodbye, guys. Goodbye."}, {"start": "01:08:23", "end": "01:08:27", "text": "Goodbye. Goodbye. Smash the like. Be"}, {"start": "01:08:24", "end": "01:08:27", "text": "sure to dab."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Welcome to another episode. And as you"}, {"start": "00:00:01", "end": "00:00:06", "text": "can see right now, Bitcoin is still at"}, {"start": "00:00:03", "end": "00:00:09", "text": "around the 200E moving average. We are"}, {"start": "00:00:06", "end": "00:00:12", "text": "holding the line for now. We're a bit"}, {"start": "00:00:09", "end": "00:00:14", "text": "below, a bit above. We're here around"}, {"start": "00:00:12", "end": "00:00:17", "text": "the 200E moving average. As long as we"}, {"start": "00:00:14", "end": "00:00:19", "text": "don't close too far below it, the"}, {"start": "00:00:17", "end": "00:00:21", "text": "support still holds. The support still"}, {"start": "00:00:19", "end": "00:00:24", "text": "holds. Ideally, we should close above"}, {"start": "00:00:21", "end": "00:00:26", "text": "it, but at some point, we just may see"}, {"start": "00:00:24", "end": "00:00:29", "text": "this elevator all the way down to 50s"}, {"start": "00:00:26", "end": "00:00:31", "text": "and forces, which will be the final the"}, {"start": "00:00:29", "end": "00:00:34", "text": "final the final hurra of the bears. The"}, {"start": "00:00:31", "end": "00:00:37", "text": "final dump and then it's up only. It is"}, {"start": "00:00:34", "end": "00:00:39", "text": "Valhalla. It is the next bull market. We"}, {"start": "00:00:37", "end": "00:00:40", "text": "do have some new developments in the"}, {"start": "00:00:39", "end": "00:00:42", "text": "Middle East, guys, which is very"}, {"start": "00:00:40", "end": "00:00:45", "text": "important, [laughter] very important for"}, {"start": "00:00:42", "end": "00:00:49", "text": "us to highlight. Trump notices Congress"}, {"start": "00:00:45", "end": "00:00:51", "text": "of new war against Iran. This very very"}, {"start": "00:00:49", "end": "00:00:53", "text": "important because things are now"}, {"start": "00:00:51", "end": "00:00:57", "text": "escalating very quick. The US is out"}, {"start": "00:00:53", "end": "00:01:00", "text": "from the world cup. So according to"}, {"start": "00:00:57", "end": "00:01:02", "text": "Trump world cup is over which means"}, {"start": "00:01:00", "end": "00:01:04", "text": "which means that the escalation has"}, {"start": "00:01:02", "end": "00:01:06", "text": "started. You have all kinds of articles"}, {"start": "00:01:04", "end": "00:01:08", "text": "coming out. You can read yourself. I'm"}, {"start": "00:01:06", "end": "00:01:11", "text": "showing you a few of them. But uh the"}, {"start": "00:01:08", "end": "00:01:13", "text": "the war is restarting. It is restarting."}, {"start": "00:01:11", "end": "00:01:16", "text": "It could be that it's just a technical"}, {"start": "00:01:13", "end": "00:01:18", "text": "thing that he needs to end it for a week"}, {"start": "00:01:16", "end": "00:01:21", "text": "or so and then restart it so he can"}, {"start": "00:01:18", "end": "00:01:24", "text": "continue uh continue having this war"}, {"start": "00:01:21", "end": "00:01:27", "text": "without the approval of the Congress"}, {"start": "00:01:24", "end": "00:01:29", "text": "because if you stop the war and then you"}, {"start": "00:01:27", "end": "00:01:32", "text": "restart it apparently according to US"}, {"start": "00:01:29", "end": "00:01:35", "text": "law you get 60 days without"}, {"start": "00:01:32", "end": "00:01:38", "text": "congressional approval. So in case guys,"}, {"start": "00:01:35", "end": "00:01:42", "text": "in case you become some kind of person"}, {"start": "00:01:38", "end": "00:01:44", "text": "in power, some kind of dictatorial"}, {"start": "00:01:42", "end": "00:01:47", "text": "person, you can start stop start stop"}, {"start": "00:01:44", "end": "00:01:48", "text": "start stop and you don't have to get any"}, {"start": "00:01:47", "end": "00:01:51", "text": "approval. [laughter]"}, {"start": "00:01:48", "end": "00:01:53", "text": "Fantastic. Fantastic. So uh yeah, it"}, {"start": "00:01:51", "end": "00:01:54", "text": "continues. What's interesting, the most"}, {"start": "00:01:53", "end": "00:01:55", "text": "interesting thing is not the articles."}, {"start": "00:01:54", "end": "00:01:58", "text": "As you know, we don't really care about"}, {"start": "00:01:55", "end": "00:02:00", "text": "the articles. The interesting thing here"}, {"start": "00:01:58", "end": "00:02:03", "text": "is of course the oil price. And the oil"}, {"start": "00:02:00", "end": "00:02:05", "text": "price is going up a lot. As you know, we"}, {"start": "00:02:03", "end": "00:02:07", "text": "always look at the charts. Whatever"}, {"start": "00:02:05", "end": "00:02:09", "text": "news, whatever events, whether it's"}, {"start": "00:02:07", "end": "00:02:12", "text": "crypto, whether it's outside of crypto,"}, {"start": "00:02:09", "end": "00:02:14", "text": "the chart is showing you the truth. Is"}, {"start": "00:02:12", "end": "00:02:17", "text": "the news real? Is the news not real? And"}, {"start": "00:02:14", "end": "00:02:20", "text": "in this case, that oil is pumping so"}, {"start": "00:02:17", "end": "00:02:23", "text": "much. It is above the 200 week moving"}, {"start": "00:02:20", "end": "00:02:25", "text": "average yet again. This means that the"}, {"start": "00:02:23", "end": "00:02:27", "text": "markets are pricing in an escalation."}, {"start": "00:02:25", "end": "00:02:30", "text": "They are pricing in some kind of problem"}, {"start": "00:02:27", "end": "00:02:32", "text": "in the horror moves and uh that this is"}, {"start": "00:02:30", "end": "00:02:34", "text": "real. This is real. So in this case yes"}, {"start": "00:02:32", "end": "00:02:36", "text": "we do see that oil is going up. It is"}, {"start": "00:02:34", "end": "00:02:39", "text": "now yeah the same price as in March when"}, {"start": "00:02:36", "end": "00:02:41", "text": "it was uh skyrocketing above the 200E"}, {"start": "00:02:39", "end": "00:02:42", "text": "moving average. Hopefully it ends"}, {"start": "00:02:41", "end": "00:02:46", "text": "somewhere here and then goes down"}, {"start": "00:02:42", "end": "00:02:48", "text": "because for us to have low rate low rate"}, {"start": "00:02:46", "end": "00:02:51", "text": "for us to be able to cut for the Fed to"}, {"start": "00:02:48", "end": "00:02:53", "text": "be able to uh bring us closer to the"}, {"start": "00:02:51", "end": "00:02:56", "text": "bull we need the oil low. Oil needs to"}, {"start": "00:02:53", "end": "00:02:59", "text": "be low. Uh so let's see. Could be like"}, {"start": "00:02:56", "end": "00:03:02", "text": "this as well. Monday, war. Tuesday, hot"}, {"start": "00:02:59", "end": "00:03:03", "text": "CPI. Wednesday, warish apocalypse. So,"}, {"start": "00:03:02", "end": "00:03:06", "text": "we're going to have a speech by Kevin"}, {"start": "00:03:03", "end": "00:03:07", "text": "Worsham. Wednesday, Thursday, war is"}, {"start": "00:03:06", "end": "00:03:09", "text": "over. [laughter]"}, {"start": "00:03:07", "end": "00:03:12", "text": "Friday, AI bull market. Fantastic."}, {"start": "00:03:09", "end": "00:03:15", "text": "Fantastic. So, on Thursday, he will"}, {"start": "00:03:12", "end": "00:03:17", "text": "deliver a speech to the nation. Okay."}, {"start": "00:03:15", "end": "00:03:19", "text": "Very important. Uh what's going to be?"}, {"start": "00:03:17", "end": "00:03:22", "text": "Let's see. Is the war over or or not"}, {"start": "00:03:19", "end": "00:03:24", "text": "over? Uh I mean, could it be Bitcoin"}, {"start": "00:03:22", "end": "00:03:26", "text": "reserve? Probably not. Will it be"}, {"start": "00:03:24", "end": "00:03:28", "text": "something connected to the conflict?"}, {"start": "00:03:26", "end": "00:03:30", "text": "Probably probably because they just"}, {"start": "00:03:28", "end": "00:03:32", "text": "announced uh that there's a new war and"}, {"start": "00:03:30", "end": "00:03:36", "text": "uh the same day he also plans a speech"}, {"start": "00:03:32", "end": "00:03:37", "text": "to the uh to the nation. Let's see. It"}, {"start": "00:03:36", "end": "00:03:40", "text": "could also be like this. Buy stocks."}, {"start": "00:03:37", "end": "00:03:41", "text": "Biden cheated. I got cheated. Buy"}, {"start": "00:03:40", "end": "00:03:43", "text": "[laughter]"}, {"start": "00:03:41", "end": "00:03:45", "text": "buy Dell stock. Up is down, left. Let's"}, {"start": "00:03:43", "end": "00:03:48", "text": "see. Let's see. One thing I know, guys."}, {"start": "00:03:45", "end": "00:03:50", "text": "One thing I know is that for Bitcoin,"}, {"start": "00:03:48", "end": "00:03:51", "text": "this is a bit on the periphery. I mean,"}, {"start": "00:03:50", "end": "00:03:53", "text": "what's happening with the with the war"}, {"start": "00:03:51", "end": "00:03:55", "text": "and so forth? It's a bit on the"}, {"start": "00:03:53", "end": "00:03:58", "text": "periphery. We are just continuing our"}, {"start": "00:03:55", "end": "00:04:00", "text": "descent here with um a high lower high"}, {"start": "00:03:58", "end": "00:04:02", "text": "lower high. We're now in the very cheap"}, {"start": "00:04:00", "end": "00:04:04", "text": "buy zone. And whether war happens or"}, {"start": "00:04:02", "end": "00:04:06", "text": "not, Bitcoin is pre-programmed. It's"}, {"start": "00:04:04", "end": "00:04:09", "text": "autopilot. It has pre-programmed"}, {"start": "00:04:06", "end": "00:04:11", "text": "destination here. And um very likely"}, {"start": "00:04:09", "end": "00:04:13", "text": "that it continues to the 50s and the and"}, {"start": "00:04:11", "end": "00:04:14", "text": "the forces. And whatever happens with"}, {"start": "00:04:13", "end": "00:04:17", "text": "the war, this war that if you think back"}, {"start": "00:04:14", "end": "00:04:19", "text": "to 2018"}, {"start": "00:04:17", "end": "00:04:22", "text": "when there was a massive massive bull"}, {"start": "00:04:19", "end": "00:04:24", "text": "market at the end of 2017 and it ended"}, {"start": "00:04:22", "end": "00:04:27", "text": "in the early 2018 or or or if you look"}, {"start": "00:04:24", "end": "00:04:29", "text": "back at 2022, 2023 like we don't"}, {"start": "00:04:27", "end": "00:04:31", "text": "remember what the hell there there was a"}, {"start": "00:04:29", "end": "00:04:33", "text": "war, a conflict, what was in geopolitics"}, {"start": "00:04:31", "end": "00:04:34", "text": "is actually very secondary. It's very"}, {"start": "00:04:33", "end": "00:04:36", "text": "secondary. Only exception is probably"}, {"start": "00:04:34", "end": "00:04:38", "text": "the corona when they printed like"}, {"start": "00:04:36", "end": "00:04:40", "text": "there's no tomorrow. But otherwise"}, {"start": "00:04:38", "end": "00:04:42", "text": "everything that's happening daytoday"}, {"start": "00:04:40", "end": "00:04:45", "text": "very secondary just like the tariff"}, {"start": "00:04:42", "end": "00:04:47", "text": "stuff you remember the tariff stuff it"}, {"start": "00:04:45", "end": "00:04:50", "text": "came it went now tariffs are fully"}, {"start": "00:04:47", "end": "00:04:53", "text": "reversed they need to issue all kinds of"}, {"start": "00:04:50", "end": "00:04:56", "text": "refunds 81 billion in refunds are"}, {"start": "00:04:53", "end": "00:04:58", "text": "issued. So all this news they actually"}, {"start": "00:04:56", "end": "00:05:00", "text": "matter way less than most people think."}, {"start": "00:04:58", "end": "00:05:01", "text": "And the bull market will happen"}, {"start": "00:05:00", "end": "00:05:04", "text": "regardless. It's going to happen"}, {"start": "00:05:01", "end": "00:05:05", "text": "regardless. Uh why? Because bull bull"}, {"start": "00:05:04", "end": "00:05:08", "text": "market is more about the psychology of"}, {"start": "00:05:05", "end": "00:05:10", "text": "the investor. The psychology of the bull"}, {"start": "00:05:08", "end": "00:05:13", "text": "and bear. The fact that after a year of"}, {"start": "00:05:10", "end": "00:05:15", "text": "just bear, most people give up. When we"}, {"start": "00:05:13", "end": "00:05:16", "text": "said to be risk risk off in October last"}, {"start": "00:05:15", "end": "00:05:19", "text": "year, what did people say? Oh, Ivan,"}, {"start": "00:05:16", "end": "00:05:21", "text": "you're wrong. You're wrong. We we should"}, {"start": "00:05:19", "end": "00:05:23", "text": "just go go up. There's no way it's it's"}, {"start": "00:05:21", "end": "00:05:26", "text": "bare market. You are fully fully wrong."}, {"start": "00:05:23", "end": "00:05:28", "text": "And now, you know, as soon a year later,"}, {"start": "00:05:26", "end": "00:05:30", "text": "almost everyone is also saying that it's"}, {"start": "00:05:28", "end": "00:05:32", "text": "time to be bearish and that's why we"}, {"start": "00:05:30", "end": "00:05:34", "text": "become more bullish. Okay. So, this is"}, {"start": "00:05:32", "end": "00:05:37", "text": "the main reason for bull and bear. This"}, {"start": "00:05:34", "end": "00:05:39", "text": "is the driver of bull and bear. What is"}, {"start": "00:05:37", "end": "00:05:41", "text": "the position of most people? Are they"}, {"start": "00:05:39", "end": "00:05:44", "text": "still hopeful? Do they still beg for a"}, {"start": "00:05:41", "end": "00:05:46", "text": "bull market? Or or are they giving up?"}, {"start": "00:05:44", "end": "00:05:49", "text": "They sold because if they sold and no"}, {"start": "00:05:46", "end": "00:05:51", "text": "one else is to sell, we go up. We go up."}, {"start": "00:05:49", "end": "00:05:53", "text": "So guys, bull market is coming. It's"}, {"start": "00:05:51", "end": "00:05:55", "text": "coming in a big big way. Likely the"}, {"start": "00:05:53", "end": "00:05:56", "text": "biggest bull market in history. Why?"}, {"start": "00:05:55", "end": "00:06:00", "text": "Because look at all the money that went"}, {"start": "00:05:56", "end": "00:06:01", "text": "into AI. That money is not is is not"}, {"start": "00:06:00", "end": "00:06:03", "text": "going to disappear. It's going to go"}, {"start": "00:06:01", "end": "00:06:06", "text": "straight straight into Bitcoin. And to"}, {"start": "00:06:03", "end": "00:06:08", "text": "prepare you for the bull market, if you"}, {"start": "00:06:06", "end": "00:06:11", "text": "refresh the YouTube, you're gonna see a"}, {"start": "00:06:08", "end": "00:06:13", "text": "link in description called uh the crypto"}, {"start": "00:06:11", "end": "00:06:16", "text": "investor quiz. This is very important"}, {"start": "00:06:13", "end": "00:06:18", "text": "for you guys. It's a fully free quiz."}, {"start": "00:06:16", "end": "00:06:21", "text": "You do it in like two three minutes. Do"}, {"start": "00:06:18", "end": "00:06:22", "text": "it either now or after the stream and"}, {"start": "00:06:21", "end": "00:06:24", "text": "share with us in the comment section"}, {"start": "00:06:22", "end": "00:06:26", "text": "what kind of results you get. But we did"}, {"start": "00:06:24", "end": "00:06:27", "text": "it fully for free for you just so you"}, {"start": "00:06:26", "end": "00:06:29", "text": "understand your weaknesses. So you you"}, {"start": "00:06:27", "end": "00:06:31", "text": "go you click the link in description,"}, {"start": "00:06:29", "end": "00:06:33", "text": "confirm that you see it. It should say"}, {"start": "00:06:31", "end": "00:06:35", "text": "like crypto investor quiz. You click"}, {"start": "00:06:33", "end": "00:06:37", "text": "right here. Boop. Get my crypto investor"}, {"start": "00:06:35", "end": "00:06:39", "text": "score. And just asks you, are you an"}, {"start": "00:06:37", "end": "00:06:41", "text": "active trader? Uh you trade sometimes"}, {"start": "00:06:39", "end": "00:06:43", "text": "but not systematically. Long-term this"}, {"start": "00:06:41", "end": "00:06:45", "text": "and that. Answer fully honestly. You"}, {"start": "00:06:43", "end": "00:06:47", "text": "have to be fully honestly."}, {"start": "00:06:45", "end": "00:06:49", "text": "Fully fully honest. Don't try to make"}, {"start": "00:06:47", "end": "00:06:50", "text": "yourself look good in these answers"}, {"start": "00:06:49", "end": "00:06:52", "text": "because it only helps you if you're"}, {"start": "00:06:50", "end": "00:06:54", "text": "fully honest. So let's say that you are"}, {"start": "00:06:52", "end": "00:06:56", "text": "an active trader. Boop. Then it's going"}, {"start": "00:06:54", "end": "00:06:57", "text": "to ask you what usually gets you into a"}, {"start": "00:06:56", "end": "00:06:59", "text": "position. Then you have to be fully"}, {"start": "00:06:57", "end": "00:07:00", "text": "honest here. Don't don't don't say that"}, {"start": "00:06:59", "end": "00:07:03", "text": "it's your own analysis and research if"}, {"start": "00:07:00", "end": "00:07:05", "text": "it's not. If it's not, if it is gut"}, {"start": "00:07:03", "end": "00:07:08", "text": "feeling in the moment you felt"}, {"start": "00:07:05", "end": "00:07:10", "text": "something, click it. Click it. So do it."}, {"start": "00:07:08", "end": "00:07:12", "text": "[clears throat] Use the link below and"}, {"start": "00:07:10", "end": "00:07:14", "text": "see your score uh and let me know which"}, {"start": "00:07:12", "end": "00:07:16", "text": "because you then also going to get a"}, {"start": "00:07:14", "end": "00:07:19", "text": "category. You're going to be put into uh"}, {"start": "00:07:16", "end": "00:07:22", "text": "the category and uh then you can see is"}, {"start": "00:07:19", "end": "00:07:24", "text": "it u are you a momentum trader, are you"}, {"start": "00:07:22", "end": "00:07:26", "text": "a former trader or who the hell are you?"}, {"start": "00:07:24", "end": "00:07:28", "text": "Very very important. So yeah, that's"}, {"start": "00:07:26", "end": "00:07:32", "text": "[clears throat] that. Uh let's see. Uh"}, {"start": "00:07:28", "end": "00:07:34", "text": "then you have uh you have the situation"}, {"start": "00:07:32", "end": "00:07:36", "text": "currently happening with uh strategy."}, {"start": "00:07:34", "end": "00:07:37", "text": "What are they doing? Who the hell knows"}, {"start": "00:07:36", "end": "00:07:39", "text": "what they're doing? They are"}, {"start": "00:07:37", "end": "00:07:44", "text": "[laughter and gasps] selling all kinds"}, {"start": "00:07:39", "end": "00:07:48", "text": "of stock in order to pump up their u uh"}, {"start": "00:07:44", "end": "00:07:50", "text": "their uh treasury to pay strategy to to"}, {"start": "00:07:48", "end": "00:07:53", "text": "pay stretch. Sorry. Stretch strategy"}, {"start": "00:07:50", "end": "00:07:56", "text": "micro strategy strife. I mean they make"}, {"start": "00:07:53", "end": "00:07:59", "text": "all this. So they now don't buy Bitcoin."}, {"start": "00:07:56", "end": "00:08:01", "text": "They just have a bag of gold that"}, {"start": "00:07:59", "end": "00:08:04", "text": "they're going to use in order to pay the"}, {"start": "00:08:01", "end": "00:08:05", "text": "dividend. The market though does not"}, {"start": "00:08:04", "end": "00:08:06", "text": "really care too much. I mean they're"}, {"start": "00:08:05", "end": "00:08:08", "text": "signal saying guys we have money. We"}, {"start": "00:08:06", "end": "00:08:09", "text": "have money. We have money. You buy"}, {"start": "00:08:08", "end": "00:08:12", "text": "stretch. It's safe. It's safe. It's"}, {"start": "00:08:09", "end": "00:08:14", "text": "safe. It's safe. It's safe. I mean the"}, {"start": "00:08:12", "end": "00:08:17", "text": "market is uh looking at it and it's"}, {"start": "00:08:14", "end": "00:08:20", "text": "still below 90. You know it's like 87 80"}, {"start": "00:08:17", "end": "00:08:21", "text": "88 here and there. But I mean at the end"}, {"start": "00:08:20", "end": "00:08:24", "text": "of the day the problem is that you"}, {"start": "00:08:21", "end": "00:08:26", "text": "cannot res restore market confidence if"}, {"start": "00:08:24", "end": "00:08:27", "text": "even if you have temporarily I mean you"}, {"start": "00:08:26", "end": "00:08:30", "text": "temporarily have a bit of money market"}, {"start": "00:08:27", "end": "00:08:31", "text": "sees it's a it's a house of card it's a"}, {"start": "00:08:30", "end": "00:08:33", "text": "house of card it's very important if you"}, {"start": "00:08:31", "end": "00:08:34", "text": "have a house of card it's very hard man"}, {"start": "00:08:33", "end": "00:08:37", "text": "what you going to do with a house of"}, {"start": "00:08:34", "end": "00:08:40", "text": "card house of card is super super bad."}, {"start": "00:08:37", "end": "00:08:42", "text": "So this is why yeah it's it's not a"}, {"start": "00:08:40", "end": "00:08:44", "text": "surprise for me that they are uh they"}, {"start": "00:08:42", "end": "00:08:47", "text": "are like that that it's uh not really"}, {"start": "00:08:44", "end": "00:08:49", "text": "helping out and uh yeah I mean let's see"}, {"start": "00:08:47", "end": "00:08:53", "text": "what's going to happen. Let me guys know"}, {"start": "00:08:49", "end": "00:08:55", "text": "if you are in in stretch or no stretch"}, {"start": "00:08:53", "end": "00:08:57", "text": "or what you're doing but it's it is what"}, {"start": "00:08:55", "end": "00:08:59", "text": "it is and I don't think it's going to"}, {"start": "00:08:57", "end": "00:09:01", "text": "help too much. [gasps] he will have to I"}, {"start": "00:08:59", "end": "00:09:03", "text": "mean really convince the market that"}, {"start": "00:09:01", "end": "00:09:07", "text": "it's u that it's sustainable and that"}, {"start": "00:09:03", "end": "00:09:09", "text": "it's uh working and that it's uh you"}, {"start": "00:09:07", "end": "00:09:11", "text": "have some kind of life cycle here that"}, {"start": "00:09:09", "end": "00:09:14", "text": "uh money gets invested it gets used and"}, {"start": "00:09:11", "end": "00:09:16", "text": "then securities get retired so it's not"}, {"start": "00:09:14", "end": "00:09:18", "text": "all the time just more and more uh"}, {"start": "00:09:16", "end": "00:09:21", "text": "obligations that they are acquiring but"}, {"start": "00:09:18", "end": "00:09:23", "text": "anyway does that uh no no buying of"}, {"start": "00:09:21", "end": "00:09:25", "text": "bitcoin so if we can get another leg"}, {"start": "00:09:23", "end": "00:09:28", "text": "down now that the final buyer the buyer"}, {"start": "00:09:25", "end": "00:09:30", "text": "of last resort is out it would be"}, {"start": "00:09:28", "end": "00:09:33", "text": "fantastic. It would be fantastic."}, {"start": "00:09:30", "end": "00:09:38", "text": "Fantastic. So yeah, let's see. Uh next"}, {"start": "00:09:33", "end": "00:09:40", "text": "look here. When you look at um uh at the"}, {"start": "00:09:38", "end": "00:09:44", "text": "US government, they are moving"}, {"start": "00:09:40", "end": "00:09:47", "text": "something. They are moving $8.8 million"}, {"start": "00:09:44", "end": "00:09:50", "text": "of Bitcoin to Coinbase Prime. Now there"}, {"start": "00:09:47", "end": "00:09:51", "text": "could be"}, {"start": "00:09:50", "end": "00:09:53", "text": "very nice coffee. There could be"}, {"start": "00:09:51", "end": "00:09:57", "text": "different explanations. One, of course,"}, {"start": "00:09:53", "end": "00:09:59", "text": "is that they're selling. Another one is"}, {"start": "00:09:57", "end": "00:10:01", "text": "that they are actually establishing a"}, {"start": "00:09:59", "end": "00:10:03", "text": "reserve with Coinbase as a partner and"}, {"start": "00:10:01", "end": "00:10:07", "text": "they are onboarding themselves into"}, {"start": "00:10:03", "end": "00:10:09", "text": "Coinbase Prime as the custody solution."}, {"start": "00:10:07", "end": "00:10:12", "text": "Could be either one of them. Uh if it is"}, {"start": "00:10:09", "end": "00:10:13", "text": "the sell part, it's uh yeah, it's very"}, {"start": "00:10:12", "end": "00:10:16", "text": "small. It's very 8.8 is not going to"}, {"start": "00:10:13", "end": "00:10:19", "text": "move the price in in any way. If it is"}, {"start": "00:10:16", "end": "00:10:21", "text": "the National Reserve, Bitcoin National"}, {"start": "00:10:19", "end": "00:10:24", "text": "Reserve, fantastic. Fantastic. Next"}, {"start": "00:10:21", "end": "00:10:26", "text": "guys, moving on to uh more news. We have"}, {"start": "00:10:24", "end": "00:10:28", "text": "a lot today. We have uh all these"}, {"start": "00:10:26", "end": "00:10:30", "text": "bankers doing tokenization program."}, {"start": "00:10:28", "end": "00:10:32", "text": "They're going to you be tokenizing"}, {"start": "00:10:30", "end": "00:10:33", "text": "something. We're going to be tokenizing"}, {"start": "00:10:32", "end": "00:10:34", "text": "something. What they going to be"}, {"start": "00:10:33", "end": "00:10:36", "text": "tokenizing? Hopefully, it is on the"}, {"start": "00:10:34", "end": "00:10:40", "text": "public chain, but uh something going to"}, {"start": "00:10:36", "end": "00:10:42", "text": "token. [laughter] Is it going to be on"}, {"start": "00:10:40", "end": "00:10:44", "text": "Avalanche? Uh potentially because"}, {"start": "00:10:42", "end": "00:10:45", "text": "Avalanche is getting a lot of"}, {"start": "00:10:44", "end": "00:10:48", "text": "tokenization. It doesn't really help"}, {"start": "00:10:45", "end": "00:10:50", "text": "Avalanche. I mean as a as a coin as a as"}, {"start": "00:10:48", "end": "00:10:53", "text": "price but you have now here for example"}, {"start": "00:10:50", "end": "00:10:56", "text": "bridge tower tokenizes 11 billion plus"}, {"start": "00:10:53", "end": "00:10:59", "text": "of ras on avalanche avalanche moves to"}, {"start": "00:10:56", "end": "00:11:01", "text": "number one blockchain by net inflows on"}, {"start": "00:10:59", "end": "00:11:03", "text": "double uh rwa we did discuss it"}, {"start": "00:11:01", "end": "00:11:05", "text": "yesterday that at the end of the day I"}, {"start": "00:11:03", "end": "00:11:08", "text": "mean it's good potentially good for the"}, {"start": "00:11:05", "end": "00:11:10", "text": "price but not for the avalanche price I"}, {"start": "00:11:08", "end": "00:11:12", "text": "mean maybe someone is making money from"}, {"start": "00:11:10", "end": "00:11:14", "text": "it but uh the avalanche holders they're"}, {"start": "00:11:12", "end": "00:11:17", "text": "not making any money from it is zero"}, {"start": "00:11:14", "end": "00:11:20", "text": "money being made zero profit being made"}, {"start": "00:11:17", "end": "00:11:22", "text": "uh for Avalanche holders. Also look here"}, {"start": "00:11:20", "end": "00:11:24", "text": "uh people are saying that so far Robin"}, {"start": "00:11:22", "end": "00:11:28", "text": "Hood chain is everything I thought Mega"}, {"start": "00:11:24", "end": "00:11:30", "text": "ETH would be go straight after Solana"}, {"start": "00:11:28", "end": "00:11:33", "text": "user base that Ethereum previously"}, {"start": "00:11:30", "end": "00:11:36", "text": "ignored with memes and Dian stuff is"}, {"start": "00:11:33", "end": "00:11:39", "text": "maxing Ethereum patriotism I was right"}, {"start": "00:11:36", "end": "00:11:41", "text": "about the vision just not who would pull"}, {"start": "00:11:39", "end": "00:11:44", "text": "it off um so I agree here that it's very"}, {"start": "00:11:41", "end": "00:11:47", "text": "very smart that Robin Hood goes after"}, {"start": "00:11:44", "end": "00:11:48", "text": "the Digion you gota capture the dig very"}, {"start": "00:11:47", "end": "00:11:52", "text": "important"}, {"start": "00:11:48", "end": "00:11:54", "text": "It's so so key. Next is it ETH maxing. I"}, {"start": "00:11:52", "end": "00:11:56", "text": "think they don't really care about ETH"}, {"start": "00:11:54", "end": "00:11:57", "text": "if guys. I mean know all these L2s they"}, {"start": "00:11:56", "end": "00:11:59", "text": "don't care about ETH. They're not even"}, {"start": "00:11:57", "end": "00:12:01", "text": "going to pay money to ETH. They're going"}, {"start": "00:11:59", "end": "00:12:04", "text": "to pay money to Orbitum and Orbitum is"}, {"start": "00:12:01", "end": "00:12:06", "text": "another L2 cartel. So this ETH ETH"}, {"start": "00:12:04", "end": "00:12:08", "text": "maxing I mean take it easy. No, no one"}, {"start": "00:12:06", "end": "00:12:10", "text": "is really pumping up ETH here. Take it"}, {"start": "00:12:08", "end": "00:12:14", "text": "easy. The only good thing is that it is"}, {"start": "00:12:10", "end": "00:12:17", "text": "EVM. So ETH development tools, ETH devs"}, {"start": "00:12:14", "end": "00:12:20", "text": "can build on it. So it's um just another"}, {"start": "00:12:17", "end": "00:12:21", "text": "chain that needs ETH devs. ETH devs can"}, {"start": "00:12:20", "end": "00:12:22", "text": "that can dev on ETH. So that's good. I"}, {"start": "00:12:21", "end": "00:12:24", "text": "mean that's good. That's good that you"}, {"start": "00:12:22", "end": "00:12:27", "text": "have talent, you have talent retention."}, {"start": "00:12:24", "end": "00:12:28", "text": "There's always someone in need. Uh that"}, {"start": "00:12:27", "end": "00:12:30", "text": "if you know ETH development, you're"}, {"start": "00:12:28", "end": "00:12:31", "text": "always in need in one way or another. So"}, {"start": "00:12:30", "end": "00:12:33", "text": "that's good. But otherwise, man, take it"}, {"start": "00:12:31", "end": "00:12:38", "text": "easy with the buy pressure. Take it"}, {"start": "00:12:33", "end": "00:12:41", "text": "easy. Uh now looking at SpaceX,"}, {"start": "00:12:38", "end": "00:12:44", "text": "SpaceX is going lower currently at 138."}, {"start": "00:12:41", "end": "00:12:48", "text": "Uh yet again the power of the mechanical"}, {"start": "00:12:44", "end": "00:12:52", "text": "rules is showing us very very nicely to"}, {"start": "00:12:48", "end": "00:12:55", "text": "have patience to not FOMO. When Plebbe"}, {"start": "00:12:52", "end": "00:12:58", "text": "is buying SpaceX in the target line at"}, {"start": "00:12:55", "end": "00:13:01", "text": "Target at Walmart which was up here we"}, {"start": "00:12:58", "end": "00:13:03", "text": "said take it easy take it easy. Look at"}, {"start": "00:13:01", "end": "00:13:06", "text": "the supply and demand. Now we see the"}, {"start": "00:13:03", "end": "00:13:09", "text": "supply and demand down and down and down"}, {"start": "00:13:06", "end": "00:13:12", "text": "we go. And the question is when is it a"}, {"start": "00:13:09", "end": "00:13:14", "text": "good price to buy SpaceX? Is it at you"}, {"start": "00:13:12", "end": "00:13:16", "text": "know 140? I think there's a good chance"}, {"start": "00:13:14", "end": "00:13:19", "text": "it goes under 100 guys. There's a good"}, {"start": "00:13:16", "end": "00:13:22", "text": "chance it goes under 100. U so either"}, {"start": "00:13:19", "end": "00:13:26", "text": "let's say it goes to 100 because then it"}, {"start": "00:13:22", "end": "00:13:29", "text": "is basically a 50% loss from these highs"}, {"start": "00:13:26", "end": "00:13:31", "text": "which is normally a a good a good"}, {"start": "00:13:29", "end": "00:13:35", "text": "ballpark. Normally the stocks retrace"}, {"start": "00:13:31", "end": "00:13:37", "text": "50% after IPO. Now it did IPO at 150. So"}, {"start": "00:13:35", "end": "00:13:40", "text": "if we take that it could go even lower"}, {"start": "00:13:37", "end": "00:13:42", "text": "to $75. It's very standard guys and"}, {"start": "00:13:40", "end": "00:13:44", "text": "especially at this high valuations all"}, {"start": "00:13:42", "end": "00:13:46", "text": "of the price discovery already happened."}, {"start": "00:13:44", "end": "00:13:47", "text": "All the price discovery already happened"}, {"start": "00:13:46", "end": "00:13:49", "text": "in private markets. Public market gets"}, {"start": "00:13:47", "end": "00:13:50", "text": "this super high price which kind of"}, {"start": "00:13:49", "end": "00:13:52", "text": "makes sense kind of doesn't make sense."}, {"start": "00:13:50", "end": "00:13:54", "text": "I mean it's not too crazy. It's not too"}, {"start": "00:13:52", "end": "00:13:56", "text": "cheap either. It's kind of you know it"}, {"start": "00:13:54", "end": "00:14:00", "text": "makes sense. So once the attention fades"}, {"start": "00:13:56", "end": "00:14:02", "text": "which it does right now it is a smart"}, {"start": "00:14:00", "end": "00:14:05", "text": "thing to to pay attention for us to pay"}, {"start": "00:14:02", "end": "00:14:07", "text": "attention. So yeah, two levels either"}, {"start": "00:14:05", "end": "00:14:10", "text": "this one at 100 or even 75 can easily be"}, {"start": "00:14:07", "end": "00:14:12", "text": "hit but otherwise it is the uh bull"}, {"start": "00:14:10", "end": "00:14:15", "text": "trend in this case on the hourly chart"}, {"start": "00:14:12", "end": "00:14:17", "text": "is at 152. So should it go to bull trend"}, {"start": "00:14:15", "end": "00:14:19", "text": "it's another signal to go bull. So they"}, {"start": "00:14:17", "end": "00:14:21", "text": "have basically three levels. This one go"}, {"start": "00:14:19", "end": "00:14:23", "text": "bull here go bull here and then in case"}, {"start": "00:14:21", "end": "00:14:25", "text": "it decides to go bull and go up then the"}, {"start": "00:14:23", "end": "00:14:27", "text": "flip level. Uh or you can just wait for"}, {"start": "00:14:25", "end": "00:14:29", "text": "the flip level that that that's the most"}, {"start": "00:14:27", "end": "00:14:31", "text": "uh bulletproof. You just wait for the"}, {"start": "00:14:29", "end": "00:14:33", "text": "flip level wherever it happens. Could"}, {"start": "00:14:31", "end": "00:14:35", "text": "happen here, could happen down here. Who"}, {"start": "00:14:33", "end": "00:14:38", "text": "the hell knows? But if you're a believer"}, {"start": "00:14:35", "end": "00:14:40", "text": "in Elon, you want to give money to Elon"}, {"start": "00:14:38", "end": "00:14:41", "text": "as soon as possible, you could give it"}, {"start": "00:14:40", "end": "00:14:43", "text": "even in bare trend. If it goes to 100,"}, {"start": "00:14:41", "end": "00:14:46", "text": "you can deploy a bit and then the rest"}, {"start": "00:14:43", "end": "00:14:48", "text": "if it goes to 75 and then you have a"}, {"start": "00:14:46", "end": "00:14:51", "text": "very good riskreward. I mean, then"}, {"start": "00:14:48", "end": "00:14:53", "text": "you're 50% from the listing. It's Yeah."}, {"start": "00:14:51", "end": "00:14:54", "text": "And then Elon needs to do his orbital"}, {"start": "00:14:53", "end": "00:14:56", "text": "data center and what else he's doing"}, {"start": "00:14:54", "end": "00:15:00", "text": "there. [laughter]"}, {"start": "00:14:56", "end": "00:15:02", "text": "So that's that. Um, next next, guys."}, {"start": "00:15:00", "end": "00:15:05", "text": "Looking at the trench. Looking at the"}, {"start": "00:15:02", "end": "00:15:08", "text": "trench, still the number one um number"}, {"start": "00:15:05", "end": "00:15:11", "text": "one news is Anom what he's trying to do"}, {"start": "00:15:08", "end": "00:15:13", "text": "with the coin. Still the biggest um meme"}, {"start": "00:15:11", "end": "00:15:16", "text": "currently of this cycle. Uh there is"}, {"start": "00:15:13", "end": "00:15:17", "text": "cash on Robin Hood as well, but other"}, {"start": "00:15:16", "end": "00:15:19", "text": "than that, it's just more discussions"}, {"start": "00:15:17", "end": "00:15:21", "text": "how we can pump it more. He's saying"}, {"start": "00:15:19", "end": "00:15:23", "text": "that he will support projects in the"}, {"start": "00:15:21", "end": "00:15:25", "text": "ecosystem building cool things around"}, {"start": "00:15:23", "end": "00:15:28", "text": "Ansom. I'm not sure how to formalize"}, {"start": "00:15:25", "end": "00:15:29", "text": "this, but we'll figure it out. And of"}, {"start": "00:15:28", "end": "00:15:32", "text": "course he's bull posting every day"}, {"start": "00:15:29", "end": "00:15:34", "text": "saying that really think we are being"}, {"start": "00:15:32", "end": "00:15:36", "text": "given a generational spot. So is it"}, {"start": "00:15:34", "end": "00:15:38", "text": "generational spot that we're in right"}, {"start": "00:15:36", "end": "00:15:40", "text": "now? Not yet. Not yet. It's it's okay"}, {"start": "00:15:38", "end": "00:15:42", "text": "spot. Like it's it's not generational."}, {"start": "00:15:40", "end": "00:15:43", "text": "It's okay. I mean we're in the bio zone."}, {"start": "00:15:42", "end": "00:15:46", "text": "It's okay. It's good. It's good."}, {"start": "00:15:43", "end": "00:15:49", "text": "Generational would be when we flash."}, {"start": "00:15:46", "end": "00:15:52", "text": "Should we flash one more time? Man, we"}, {"start": "00:15:49", "end": "00:15:54", "text": "flash one more time. Fantastic. We flash"}, {"start": "00:15:52", "end": "00:15:56", "text": "one more beautiful time. Then it's"}, {"start": "00:15:54", "end": "00:15:58", "text": "generational. Then generational. Sana"}, {"start": "00:15:56", "end": "00:16:00", "text": "going to 30. That's generational. I"}, {"start": "00:15:58", "end": "00:16:01", "text": "mean, that would be generational. And by"}, {"start": "00:16:00", "end": "00:16:03", "text": "the way, Solana, I love how it's"}, {"start": "00:16:01", "end": "00:16:06", "text": "following the textbook. It had the"}, {"start": "00:16:03", "end": "00:16:09", "text": "support, it broke down the support, it's"}, {"start": "00:16:06", "end": "00:16:12", "text": "retested, it retested the support, and"}, {"start": "00:16:09", "end": "00:16:14", "text": "then it gets rejected from from the from"}, {"start": "00:16:12", "end": "00:16:16", "text": "the support, which is now resistance."}, {"start": "00:16:14", "end": "00:16:18", "text": "Love it. Love it. I mean, so far, guys,"}, {"start": "00:16:16", "end": "00:16:21", "text": "I mean, as you can see, it's uh it's"}, {"start": "00:16:18", "end": "00:16:22", "text": "textbook. It did not try to go to a new"}, {"start": "00:16:21", "end": "00:16:25", "text": "high. Did not go above this uh this high"}, {"start": "00:16:22", "end": "00:16:27", "text": "right here and do a higher high. It just"}, {"start": "00:16:25", "end": "00:16:30", "text": "did another lower high and below the"}, {"start": "00:16:27", "end": "00:16:33", "text": "support which is now"}, {"start": "00:16:30", "end": "00:16:36", "text": "um resistance. Very very very nice."}, {"start": "00:16:33", "end": "00:16:38", "text": "[gasps] Uh so yeah still still stands"}, {"start": "00:16:36", "end": "00:16:41", "text": "the analysis of going to 30 or if we go"}, {"start": "00:16:38", "end": "00:16:45", "text": "to 93 we're bull at 93. Uh looking at"}, {"start": "00:16:41", "end": "00:16:47", "text": "hype bullish fantastic doing good job."}, {"start": "00:16:45", "end": "00:16:50", "text": "Uh one thing to keep an eye on guys also"}, {"start": "00:16:47", "end": "00:16:52", "text": "is lighter. If you've been in in"}, {"start": "00:16:50", "end": "00:16:53", "text": "Bulmania you've been following the money"}, {"start": "00:16:52", "end": "00:16:56", "text": "scanner. I mean, lighter has been on a"}, {"start": "00:16:53", "end": "00:16:58", "text": "on a rampage on a rampage and it is used"}, {"start": "00:16:56", "end": "00:17:00", "text": "more and more as this exchange that you"}, {"start": "00:16:58", "end": "00:17:02", "text": "plug and play in different chains kind"}, {"start": "00:17:00", "end": "00:17:03", "text": "of like hyperlquid but white label. I"}, {"start": "00:17:02", "end": "00:17:07", "text": "mean, I see many different chains are"}, {"start": "00:17:03", "end": "00:17:10", "text": "are using it. It's up 87% since the end"}, {"start": "00:17:07", "end": "00:17:12", "text": "of May since since went into bull trend"}, {"start": "00:17:10", "end": "00:17:15", "text": "kind of like with SpaceX IPO. It listed"}, {"start": "00:17:12", "end": "00:17:18", "text": "collapsed how much it collapsed 50% it"}, {"start": "00:17:15", "end": "00:17:21", "text": "collapsed quite exact. I mean from this"}, {"start": "00:17:18", "end": "00:17:23", "text": "close to exact. So 50% the draw down"}, {"start": "00:17:21", "end": "00:17:27", "text": "after listing it's common it's common"}, {"start": "00:17:23", "end": "00:17:30", "text": "common common and then from here up only"}, {"start": "00:17:27", "end": "00:17:32", "text": "up only bull trend amazing amazing so"}, {"start": "00:17:30", "end": "00:17:34", "text": "the same thing with spacex actually guys"}, {"start": "00:17:32", "end": "00:17:37", "text": "you you don't have to for just wait for"}, {"start": "00:17:34", "end": "00:17:40", "text": "the bull trend on the hourly uh do we"}, {"start": "00:17:37", "end": "00:17:42", "text": "have daily let's see do we have any"}, {"start": "00:17:40", "end": "00:17:45", "text": "daily trend yet uh weekly we don't have"}, {"start": "00:17:42", "end": "00:17:48", "text": "daily oh daily we have also okay now you"}, {"start": "00:17:45", "end": "00:17:50", "text": "can look at the daily also daily is"}, {"start": "00:17:48", "end": "00:17:52", "text": "barra bara barra"}, {"start": "00:17:50", "end": "00:17:55", "text": "Barra Barra. We love the Barra. We love"}, {"start": "00:17:52", "end": "00:17:57", "text": "the Barra because Barra gives us cheap."}, {"start": "00:17:55", "end": "00:17:59", "text": "Many people hate the Barra, but I"}, {"start": "00:17:57", "end": "00:18:03", "text": "personally I love the Barra. I mean,"}, {"start": "00:17:59", "end": "00:18:05", "text": "imagine buying into Elon Musk at cheaper"}, {"start": "00:18:03", "end": "00:18:08", "text": "price while Pleba bought at like 250"}, {"start": "00:18:05", "end": "00:18:10", "text": "260. It's amazing. It's amazing. I mean,"}, {"start": "00:18:08", "end": "00:18:12", "text": "that's really why you only have to learn"}, {"start": "00:18:10", "end": "00:18:14", "text": "trading once and then you see through"}, {"start": "00:18:12", "end": "00:18:15", "text": "all of the BS for the rest of your life."}, {"start": "00:18:14", "end": "00:18:17", "text": "And that's why you know I speak about"}, {"start": "00:18:15", "end": "00:18:20", "text": "bull so much because you literally have"}, {"start": "00:18:17", "end": "00:18:22", "text": "to learn it just once and then whether"}, {"start": "00:18:20", "end": "00:18:25", "text": "it's space we're going to go to space"}, {"start": "00:18:22", "end": "00:18:26", "text": "going to Mars we're going to Mars many"}, {"start": "00:18:25", "end": "00:18:28", "text": "people get confused they think that for"}, {"start": "00:18:26", "end": "00:18:30", "text": "some reason because Elon Musk is going"}, {"start": "00:18:28", "end": "00:18:32", "text": "to Mars"}, {"start": "00:18:30", "end": "00:18:34", "text": "that the chart is different that somehow"}, {"start": "00:18:32", "end": "00:18:36", "text": "the trading doesn't work that somehow"}, {"start": "00:18:34", "end": "00:18:38", "text": "technical analysis doesn't work it was"}, {"start": "00:18:36", "end": "00:18:40", "text": "crazy like the mania it was crazy but"}, {"start": "00:18:38", "end": "00:18:41", "text": "with Alison it's the man it's the same"}, {"start": "00:18:40", "end": "00:18:43", "text": "everything is the same nothing is"}, {"start": "00:18:41", "end": "00:18:45", "text": "different whether we're going to Mars or"}, {"start": "00:18:43", "end": "00:18:47", "text": "not going to Mars chart a chart. Human"}, {"start": "00:18:45", "end": "00:18:49", "text": "psychology, human psychology, monkey"}, {"start": "00:18:47", "end": "00:18:51", "text": "brain still clicking buy and sell no"}, {"start": "00:18:49", "end": "00:18:52", "text": "matter which chart. As long as you know"}, {"start": "00:18:51", "end": "00:18:54", "text": "the basics, you know the mechanical"}, {"start": "00:18:52", "end": "00:18:56", "text": "rules, you you you see through it. You"}, {"start": "00:18:54", "end": "00:18:59", "text": "see through all of the BS, all of the"}, {"start": "00:18:56", "end": "00:19:03", "text": "BS. Guys, look here. If you are Dian and"}, {"start": "00:18:59", "end": "00:19:06", "text": "you want a job, Palan is hiring a growth"}, {"start": "00:19:03", "end": "00:19:08", "text": "marketer lead. Salary is only 400k to 1"}, {"start": "00:19:06", "end": "00:19:09", "text": "million and you have to live in the in"}, {"start": "00:19:08", "end": "00:19:10", "text": "the New York City. So, a bit of"}, {"start": "00:19:09", "end": "00:19:13", "text": "communistic, [snorts]"}, {"start": "00:19:10", "end": "00:19:15", "text": "but that's okay. uh requirements,"}, {"start": "00:19:13", "end": "00:19:17", "text": "experience in scaling consumer product"}, {"start": "00:19:15", "end": "00:19:18", "text": "and so on so forth. Unironically, a huge"}, {"start": "00:19:17", "end": "00:19:20", "text": "opportunity for someone that has a"}, {"start": "00:19:18", "end": "00:19:23", "text": "decent track record in consumer products"}, {"start": "00:19:20", "end": "00:19:25", "text": "plus crypto. So, if this is for you, you"}, {"start": "00:19:23", "end": "00:19:26", "text": "have to live in New York City, which is"}, {"start": "00:19:25", "end": "00:19:29", "text": "I mean, some people like it, some people"}, {"start": "00:19:26", "end": "00:19:32", "text": "don't like it. It's uh many pros and"}, {"start": "00:19:29", "end": "00:19:35", "text": "cons. I would say more cons than pros."}, {"start": "00:19:32", "end": "00:19:37", "text": "Okay, you you have this salary, but it's"}, {"start": "00:19:35", "end": "00:19:39", "text": "I mean, in comparison to the value you"}, {"start": "00:19:37", "end": "00:19:41", "text": "create, it's very small, man. [laughter]"}, {"start": "00:19:39", "end": "00:19:45", "text": "It's very small."}, {"start": "00:19:41", "end": "00:19:46", "text": "It is actually uh yeah it's very small."}, {"start": "00:19:45", "end": "00:19:48", "text": "It's very very small like when it comes"}, {"start": "00:19:46", "end": "00:19:50", "text": "to their product and what they're doing"}, {"start": "00:19:48", "end": "00:19:52", "text": "and that you're going to be you know a"}, {"start": "00:19:50", "end": "00:19:54", "text": "lead. You're not some pleb. You're a"}, {"start": "00:19:52", "end": "00:19:56", "text": "lead. You're a lead. I would say it's"}, {"start": "00:19:54", "end": "00:19:58", "text": "quite small. Uh but okay. Okay. For the"}, {"start": "00:19:56", "end": "00:20:00", "text": "average person it seems big. But this is"}, {"start": "00:19:58", "end": "00:20:01", "text": "very bad compensation. You're"}, {"start": "00:20:00", "end": "00:20:03", "text": "compensated like you know some kind of"}, {"start": "00:20:01", "end": "00:20:06", "text": "pleb in the bull market man. in the bull"}, {"start": "00:20:03", "end": "00:20:08", "text": "market you can [snorts] uh basically"}, {"start": "00:20:06", "end": "00:20:10", "text": "because what it means is that you if you"}, {"start": "00:20:08", "end": "00:20:11", "text": "are a lead like growth marketing lead it"}, {"start": "00:20:10", "end": "00:20:13", "text": "means that you have to give give it all"}, {"start": "00:20:11", "end": "00:20:16", "text": "like you have to be fully fully into"}, {"start": "00:20:13", "end": "00:20:19", "text": "their business try to pump them try to"}, {"start": "00:20:16", "end": "00:20:21", "text": "make them you know more billions okay so"}, {"start": "00:20:19", "end": "00:20:24", "text": "you cannot focus on yourself you cannot"}, {"start": "00:20:21", "end": "00:20:26", "text": "learn trading you cannot be part of bull"}, {"start": "00:20:24", "end": "00:20:28", "text": "man you cannot secure yourself a"}, {"start": "00:20:26", "end": "00:20:30", "text": "long-term"}, {"start": "00:20:28", "end": "00:20:32", "text": "skill or long-term bag that will feed"}, {"start": "00:20:30", "end": "00:20:34", "text": "you for life and yes I mean it may look"}, {"start": "00:20:32", "end": "00:20:37", "text": "big for the average pleb you know 400 to"}, {"start": "00:20:34", "end": "00:20:39", "text": "wow wow so listen okay what happens if"}, {"start": "00:20:37", "end": "00:20:41", "text": "you get fired what what happens then you"}, {"start": "00:20:39", "end": "00:20:44", "text": "don't know anything you you are you now"}, {"start": "00:20:41", "end": "00:20:45", "text": "you need new job I mean it's yeah you"}, {"start": "00:20:44", "end": "00:20:48", "text": "understand it's it's not too good it's"}, {"start": "00:20:45", "end": "00:20:49", "text": "not too good but but if you in New York"}, {"start": "00:20:48", "end": "00:20:52", "text": "City man you're going to rent a shoe box"}, {"start": "00:20:49", "end": "00:20:54", "text": "there for okay for what you either rent"}, {"start": "00:20:52", "end": "00:20:57", "text": "a shoe box or you waste a lot of money"}, {"start": "00:20:54", "end": "00:21:00", "text": "renting something nice so anyway that's"}, {"start": "00:20:57", "end": "00:21:01", "text": "that that's my review of the listing but"}, {"start": "00:21:00", "end": "00:21:05", "text": "probably good for someone probably good"}, {"start": "00:21:01", "end": "00:21:10", "text": "for Come on. Look here."}, {"start": "00:21:05", "end": "00:21:12", "text": "If you like Pokemon, One Piece and other"}, {"start": "00:21:10", "end": "00:21:13", "text": "stuff which"}, {"start": "00:21:12", "end": "00:21:17", "text": "let me know if you if you are into it's"}, {"start": "00:21:13", "end": "00:21:19", "text": "like Pokemon card and you use Jupiter"}, {"start": "00:21:17", "end": "00:21:22", "text": "now you can trade Pokemon on Jupiter. I"}, {"start": "00:21:19", "end": "00:21:24", "text": "guess every pool is an authenticated"}, {"start": "00:21:22", "end": "00:21:27", "text": "slab. The same cards you chase as a kid"}, {"start": "00:21:24", "end": "00:21:29", "text": "now tradeable on Jupiter. You can pull"}, {"start": "00:21:27", "end": "00:21:32", "text": "cards with multiples of what you paid"}, {"start": "00:21:29", "end": "00:21:34", "text": "and earn up to 100k rewards while you"}, {"start": "00:21:32", "end": "00:21:36", "text": "every charizard, every grail. Anyway,"}, {"start": "00:21:34", "end": "00:21:38", "text": "check it out. This not for me. I I"}, {"start": "00:21:36", "end": "00:21:40", "text": "didn't really get into this Pokemon"}, {"start": "00:21:38", "end": "00:21:43", "text": "card. I I I didn't get into this, you"}, {"start": "00:21:40", "end": "00:21:45", "text": "know, Pokemon. It wasn't really a thing."}, {"start": "00:21:43", "end": "00:21:46", "text": "Maybe because, you know, I was born in"}, {"start": "00:21:45", "end": "00:21:48", "text": "Bellaris. We didn't have this kind of"}, {"start": "00:21:46", "end": "00:21:51", "text": "stuff. It's like too expensive for the"}, {"start": "00:21:48", "end": "00:21:52", "text": "posts Sovieta space. It was too"}, {"start": "00:21:51", "end": "00:21:55", "text": "expensive, man. To to collect this crap."}, {"start": "00:21:52", "end": "00:21:57", "text": "It was too expensive. And then I lived"}, {"start": "00:21:55", "end": "00:21:59", "text": "in the ghetto in Sweden. We I mean also"}, {"start": "00:21:57", "end": "00:22:04", "text": "like people didn't have like Pokemon"}, {"start": "00:21:59", "end": "00:22:07", "text": "stuff, you know, this uh No, no. So for"}, {"start": "00:22:04", "end": "00:22:09", "text": "me, this is some geek stuff. Uh but"}, {"start": "00:22:07", "end": "00:22:12", "text": "yeah, if you're a grown ass man, you"}, {"start": "00:22:09", "end": "00:22:15", "text": "like this, congrats. You can do it here"}, {"start": "00:22:12", "end": "00:22:16", "text": "on Jupiter. Okay, Jupiter Gasha. And"}, {"start": "00:22:15", "end": "00:22:18", "text": "it's okay, guys. I mean, I have my own"}, {"start": "00:22:16", "end": "00:22:20", "text": "thing. I have my own Runescape thing."}, {"start": "00:22:18", "end": "00:22:22", "text": "Sometimes I just uh sometimes I can even"}, {"start": "00:22:20", "end": "00:22:26", "text": "just log into Runescape just to walk"}, {"start": "00:22:22", "end": "00:22:28", "text": "around, you know. [laughter]"}, {"start": "00:22:26", "end": "00:22:31", "text": "So I I I I have I have my own stuff. I"}, {"start": "00:22:28", "end": "00:22:32", "text": "have my own like uh you know stuff you"}, {"start": "00:22:31", "end": "00:22:34", "text": "shouldn't be doing as a grown ass man."}, {"start": "00:22:32", "end": "00:22:39", "text": "You shouldn't be doing that. So if you"}, {"start": "00:22:34", "end": "00:22:40", "text": "like opening this kind of uh package,"}, {"start": "00:22:39", "end": "00:22:42", "text": "but it's digital, so you don't even get"}, {"start": "00:22:40", "end": "00:22:45", "text": "to open it."}, {"start": "00:22:42", "end": "00:22:48", "text": "Let's see. Let's see. It's uh yeah the"}, {"start": "00:22:45", "end": "00:22:50", "text": "apparently 2 million volume in this. Can"}, {"start": "00:22:48", "end": "00:22:52", "text": "Can we make money on this? How it works,"}, {"start": "00:22:50", "end": "00:22:55", "text": "guys? How it works? Open Pokemon Gold"}, {"start": "00:22:52", "end": "00:22:57", "text": "pack. What is this, man? Okay, I can"}, {"start": "00:22:55", "end": "00:23:01", "text": "open it."}, {"start": "00:22:57", "end": "00:23:04", "text": "Okay, they try to make it so your"}, {"start": "00:23:01", "end": "00:23:07", "text": "dopamine uh goes off the chart. You see?"}, {"start": "00:23:04", "end": "00:23:09", "text": "Do you get dopamine from this guys? I"}, {"start": "00:23:07", "end": "00:23:11", "text": "don't because I I didn't do it as a kid."}, {"start": "00:23:09", "end": "00:23:14", "text": "So, it's not like, \"Oh, I'm going to"}, {"start": "00:23:11", "end": "00:23:14", "text": "open this Pokemon.\""}, {"start": "00:23:14", "end": "00:23:18", "text": "Okay."}, {"start": "00:23:16", "end": "00:23:20", "text": "So, what you do with it? You You store"}, {"start": "00:23:18", "end": "00:23:20", "text": "it. Okay. Okay. I mean, guys, it's big."}, {"start": "00:23:20", "end": "00:23:22", "text": "It's big. It's big. I'm not"}, {"start": "00:23:20", "end": "00:23:23", "text": "disrespecting, but it's a bit weird,"}, {"start": "00:23:22", "end": "00:23:25", "text": "man. You're going to go there with"}, {"start": "00:23:23", "end": "00:23:27", "text": "Pikachu, man. You're 40 years old. What"}, {"start": "00:23:25", "end": "00:23:29", "text": "you doing? [laughter]"}, {"start": "00:23:27", "end": "00:23:33", "text": "Oh, no. I'm collecting Pikachu. Okay."}, {"start": "00:23:29", "end": "00:23:35", "text": "Okay. Good. Good."}, {"start": "00:23:33", "end": "00:23:37", "text": "Good for you. Good for you. [snorts]"}, {"start": "00:23:35", "end": "00:23:40", "text": "Oh, look at my Charizard. I have a Char."}, {"start": "00:23:37", "end": "00:23:44", "text": "I got a Charizard. Okay, man. Fantastic."}, {"start": "00:23:40", "end": "00:23:47", "text": "Fantastic. Big shout out. Now look here."}, {"start": "00:23:44", "end": "00:23:50", "text": "Japanese Japanese"}, {"start": "00:23:47", "end": "00:23:53", "text": "uh financial giant giant SBI partners"}, {"start": "00:23:50", "end": "00:23:56", "text": "with Sana to build onchain financial"}, {"start": "00:23:53", "end": "00:23:58", "text": "market in Japan. There you go. There you"}, {"start": "00:23:56", "end": "00:24:00", "text": "go. Very very nice."}, {"start": "00:23:58", "end": "00:24:04", "text": "Let's see if we can get Sena to Japan."}, {"start": "00:24:00", "end": "00:24:05", "text": "Uh I mean again with with Saul I'm"}, {"start": "00:24:04", "end": "00:24:06", "text": "actually bearish soul price. You"}, {"start": "00:24:05", "end": "00:24:08", "text": "remember from the chart analysis. I'm"}, {"start": "00:24:06", "end": "00:24:10", "text": "not trying to pump Saul. I'm not trying"}, {"start": "00:24:08", "end": "00:24:12", "text": "to pump to pump soul. I am actually it"}, {"start": "00:24:10", "end": "00:24:14", "text": "would be nice if soul went to 30. I mean"}, {"start": "00:24:12", "end": "00:24:17", "text": "I want soul to go to 30 so we can buy"}, {"start": "00:24:14", "end": "00:24:20", "text": "there. But just for the future of crypto"}, {"start": "00:24:17", "end": "00:24:23", "text": "and for us having real impact in the"}, {"start": "00:24:20", "end": "00:24:25", "text": "world we need to be building on one"}, {"start": "00:24:23", "end": "00:24:28", "text": "chain guys. We cannot have L2 all of the"}, {"start": "00:24:25", "end": "00:24:30", "text": "silos all of this like build on freaking"}, {"start": "00:24:28", "end": "00:24:32", "text": "soul man. Build on freaking soul instead"}, {"start": "00:24:30", "end": "00:24:34", "text": "of doing your own corpor chain L2. I"}, {"start": "00:24:32", "end": "00:24:38", "text": "mean this is just my wish for the"}, {"start": "00:24:34", "end": "00:24:41", "text": "industry that uh we don't take like five"}, {"start": "00:24:38", "end": "00:24:43", "text": "steps forward and then 10 steps back and"}, {"start": "00:24:41", "end": "00:24:45", "text": "then you you just you know you have your"}, {"start": "00:24:43", "end": "00:24:47", "text": "car stuck in the mud and you just spin"}, {"start": "00:24:45", "end": "00:24:49", "text": "the wheel like why we spin the wheel why"}, {"start": "00:24:47", "end": "00:24:51", "text": "you spin the wheel whatever Robin Hood"}, {"start": "00:24:49", "end": "00:24:53", "text": "want to do on their own corporate chain"}, {"start": "00:24:51", "end": "00:24:54", "text": "they can do it on Slana there I mean"}, {"start": "00:24:53", "end": "00:24:57", "text": "literally there's nothing they cannot do"}, {"start": "00:24:54", "end": "00:25:00", "text": "on soul that they that they can do on uh"}, {"start": "00:24:57", "end": "00:25:02", "text": "their own corporate chain but no you do"}, {"start": "00:25:00", "end": "00:25:05", "text": "your own you copy paste everything your"}, {"start": "00:25:02", "end": "00:25:08", "text": "own, you split liquidity,"}, {"start": "00:25:05", "end": "00:25:12", "text": "etc., etc., etc., etc., etc., etc. So,"}, {"start": "00:25:08", "end": "00:25:15", "text": "yeah. Yeah. There you go. Uh, a what's"}, {"start": "00:25:12", "end": "00:25:17", "text": "happening? Monad, Monad, Monad, another"}, {"start": "00:25:15", "end": "00:25:19", "text": "chain which is separate. It's like a"}, {"start": "00:25:17", "end": "00:25:22", "text": "fast Eve, but you see now they have 265"}, {"start": "00:25:19", "end": "00:25:24", "text": "million on deposit on a good for a but"}, {"start": "00:25:22", "end": "00:25:28", "text": "again a split. It's it's another island"}, {"start": "00:25:24", "end": "00:25:30", "text": "and uh not super interconnected."}, {"start": "00:25:28", "end": "00:25:33", "text": "uh light lit or hype guys this is a good"}, {"start": "00:25:30", "end": "00:25:35", "text": "discussion you know we we just mentioned"}, {"start": "00:25:33", "end": "00:25:38", "text": "the lit I added it here to this like new"}, {"start": "00:25:35", "end": "00:25:40", "text": "coins that are doing well uh holy"}, {"start": "00:25:38", "end": "00:25:42", "text": "trinity at all I call it not only new"}, {"start": "00:25:40", "end": "00:25:43", "text": "coins I mean near is also here but you"}, {"start": "00:25:42", "end": "00:25:47", "text": "know this interesting coins that are"}, {"start": "00:25:43", "end": "00:25:50", "text": "actually doing stuff and have adoption"}, {"start": "00:25:47", "end": "00:25:52", "text": "of the tech if you basically this is"}, {"start": "00:25:50", "end": "00:25:55", "text": "pumpamentals and fundamentals together"}, {"start": "00:25:52", "end": "00:25:57", "text": "you know the song you got to have 50%"}, {"start": "00:25:55", "end": "00:25:59", "text": "pumpamentals 50% fundamentals"}, {"start": "00:25:57", "end": "00:26:01", "text": "And then if you have them together, it's"}, {"start": "00:25:59", "end": "00:26:04", "text": "very nice. So here it's kind of like"}, {"start": "00:26:01", "end": "00:26:05", "text": "that. You have the Venice with AI, very"}, {"start": "00:26:04", "end": "00:26:08", "text": "relevant, but be careful. It's Brendan."}, {"start": "00:26:05", "end": "00:26:10", "text": "So yeah, stay out. Uh near with their"}, {"start": "00:26:08", "end": "00:26:12", "text": "crosschain privacy stuff, stay out also"}, {"start": "00:26:10", "end": "00:26:15", "text": "now because it's bare now. Zcash also is"}, {"start": "00:26:12", "end": "00:26:18", "text": "bare now. Uh hype, it's bull, so it's"}, {"start": "00:26:15", "end": "00:26:21", "text": "good. Uh backpack"}, {"start": "00:26:18", "end": "00:26:24", "text": "bull bull, new trend bull. And uh"}, {"start": "00:26:21", "end": "00:26:27", "text": "lighter also 87%. Yeah. Fantastic."}, {"start": "00:26:24", "end": "00:26:30", "text": "Fantastic. Fantastic. Well, that's that."}, {"start": "00:26:27", "end": "00:26:32", "text": "Let's compare. I would buy more lit"}, {"start": "00:26:30", "end": "00:26:35", "text": "here, says this guy, Axel"}, {"start": "00:26:32", "end": "00:26:38", "text": "Bit Blaze. I think it could very well"}, {"start": "00:26:35", "end": "00:26:40", "text": "outperform Hype from here. And the"}, {"start": "00:26:38", "end": "00:26:41", "text": "reason is quite simple. Lighter is"}, {"start": "00:26:40", "end": "00:26:45", "text": "already doing a meaningful share of"}, {"start": "00:26:41", "end": "00:26:47", "text": "Hyper's actual business, but LIT is"}, {"start": "00:26:45", "end": "00:26:49", "text": "still valued only at a tiny fraction of"}, {"start": "00:26:47", "end": "00:26:51", "text": "hype. And the chart of LIT looks very"}, {"start": "00:26:49", "end": "00:26:54", "text": "good. So when you have pumpamentals"}, {"start": "00:26:51", "end": "00:26:55", "text": "aligning with fundamentals. So we see"}, {"start": "00:26:54", "end": "00:26:57", "text": "fundamentals good and we look at the"}, {"start": "00:26:55", "end": "00:26:58", "text": "chart and the chart is bullish and it's"}, {"start": "00:26:57", "end": "00:27:02", "text": "going to alltime high and this price"}, {"start": "00:26:58", "end": "00:27:03", "text": "discovery very very good. Um as always"}, {"start": "00:27:02", "end": "00:27:06", "text": "people ask but Ivan what if I buy here"}, {"start": "00:27:03", "end": "00:27:07", "text": "and it goes down. It can always happen."}, {"start": "00:27:06", "end": "00:27:08", "text": "That's why you have stop loss. Have you"}, {"start": "00:27:07", "end": "00:27:10", "text": "heard about stop loss? Most people don't"}, {"start": "00:27:08", "end": "00:27:12", "text": "consider it. They're like man Ivan what"}, {"start": "00:27:10", "end": "00:27:14", "text": "happens? I buy it and goes down. What"}, {"start": "00:27:12", "end": "00:27:18", "text": "happens? How do they protect it's stop"}, {"start": "00:27:14", "end": "00:27:20", "text": "loss? Ah, didn't think about [laughter]"}, {"start": "00:27:18", "end": "00:27:22", "text": "like the number one feature of any"}, {"start": "00:27:20", "end": "00:27:24", "text": "exchange stop-loss. people ah oh okay"}, {"start": "00:27:22", "end": "00:27:26", "text": "wow I didn't that's an interesting"}, {"start": "00:27:24", "end": "00:27:28", "text": "proposition [laughter]"}, {"start": "00:27:26", "end": "00:27:31", "text": "if you buy and it goes down you have"}, {"start": "00:27:28", "end": "00:27:32", "text": "stop loss that's it uh you could be"}, {"start": "00:27:31", "end": "00:27:34", "text": "unlucky with the entry maybe now it"}, {"start": "00:27:32", "end": "00:27:35", "text": "decides to go here it can happen like"}, {"start": "00:27:34", "end": "00:27:37", "text": "we're not Nostradamus we don't know the"}, {"start": "00:27:35", "end": "00:27:38", "text": "future anything can happen that's why"}, {"start": "00:27:37", "end": "00:27:40", "text": "you have stop loss you have stop loss"}, {"start": "00:27:38", "end": "00:27:42", "text": "you have risk calculation you have"}, {"start": "00:27:40", "end": "00:27:45", "text": "position sizing we we explain it step by"}, {"start": "00:27:42", "end": "00:27:47", "text": "step by step in bull mania but uh the"}, {"start": "00:27:45", "end": "00:27:49", "text": "the simple gist of it is you have stop"}, {"start": "00:27:47", "end": "00:27:55", "text": "loss you have stop loss you have no stop"}, {"start": "00:27:49", "end": "00:28:00", "text": "loss okay So um next uh at the time of"}, {"start": "00:27:55", "end": "00:28:04", "text": "writing lit is traing at around 2 42"}, {"start": "00:28:00", "end": "00:28:07", "text": "with a markup of uh roughly 62 million"}, {"start": "00:28:04", "end": "00:28:09", "text": "and FDV of 2.4 and you see that hype is"}, {"start": "00:28:07", "end": "00:28:11", "text": "way bigger like more than 30 times"}, {"start": "00:28:09", "end": "00:28:14", "text": "bigger. [gasps] So based on circulation"}, {"start": "00:28:11", "end": "00:28:18", "text": "markup hyperlid is valid around 24x"}, {"start": "00:28:14", "end": "00:28:20", "text": "higher than lighter. Lighter is 24x"}, {"start": "00:28:18", "end": "00:28:22", "text": "lighter than hyperl liquid. You can say"}, {"start": "00:28:20", "end": "00:28:23", "text": "if you want a bit of a pun, you can do"}, {"start": "00:28:22", "end": "00:28:25", "text": "that. But when you compare the actual"}, {"start": "00:28:23", "end": "00:28:27", "text": "protocol numbers, yeah, anyway, you can"}, {"start": "00:28:25", "end": "00:28:30", "text": "read more here. It's it's a long post,"}, {"start": "00:28:27", "end": "00:28:33", "text": "but basically saying that lit is cheap."}, {"start": "00:28:30", "end": "00:28:35", "text": "It's cheap. And you have now uh a bit of"}, {"start": "00:28:33", "end": "00:28:38", "text": "a pullback from the highest like 20%. So"}, {"start": "00:28:35", "end": "00:28:39", "text": "you're not buying the very high. Yeah, I"}, {"start": "00:28:38", "end": "00:28:41", "text": "mean could make sense. Very very good"}, {"start": "00:28:39", "end": "00:28:43", "text": "overall."}, {"start": "00:28:41", "end": "00:28:45", "text": "But stop loss always stop loss guys. I"}, {"start": "00:28:43", "end": "00:28:46", "text": "mean what happens if it goes down man?"}, {"start": "00:28:45", "end": "00:28:48", "text": "It can happen. Anything can happen. What"}, {"start": "00:28:46", "end": "00:28:50", "text": "do you think? You buy it alone or it's"}, {"start": "00:28:48", "end": "00:28:52", "text": "up only. It can happen. It can happen."}, {"start": "00:28:50", "end": "00:28:54", "text": "You see your stop loss hits you're out."}, {"start": "00:28:52", "end": "00:28:56", "text": "You're out. You can try either enter it"}, {"start": "00:28:54", "end": "00:28:58", "text": "again. Maybe it goes to some support"}, {"start": "00:28:56", "end": "00:29:01", "text": "that is holding nicely or you do another"}, {"start": "00:28:58", "end": "00:29:03", "text": "chart. That's the thing people are so"}, {"start": "00:29:01", "end": "00:29:06", "text": "they're so needy. Like the problem is"}, {"start": "00:29:03", "end": "00:29:08", "text": "you you lose money when you're so needy."}, {"start": "00:29:06", "end": "00:29:11", "text": "You enter a trade and it has to work."}, {"start": "00:29:08", "end": "00:29:13", "text": "You enter a trade and this thing has to"}, {"start": "00:29:11", "end": "00:29:16", "text": "work because if you mess it up, your"}, {"start": "00:29:13", "end": "00:29:18", "text": "life is over. So that's why they're like"}, {"start": "00:29:16", "end": "00:29:19", "text": "they don't want stop-loss. You"}, {"start": "00:29:18", "end": "00:29:21", "text": "understand? They don't want it because"}, {"start": "00:29:19", "end": "00:29:22", "text": "stop loss would would would basically"}, {"start": "00:29:21", "end": "00:29:24", "text": "mean that the trade is over which is by"}, {"start": "00:29:22", "end": "00:29:25", "text": "design like that's how it should be."}, {"start": "00:29:24", "end": "00:29:28", "text": "That's how it should be. But the average"}, {"start": "00:29:25", "end": "00:29:29", "text": "player is so needs he enters it needs to"}, {"start": "00:29:28", "end": "00:29:32", "text": "work. It needs to work. So he doesn't"}, {"start": "00:29:29", "end": "00:29:34", "text": "have stop losses. It can collapse 90%."}, {"start": "00:29:32", "end": "00:29:37", "text": "He still holds. [gasps] He needs it to"}, {"start": "00:29:34", "end": "00:29:38", "text": "work. Instead you need have the the bull"}, {"start": "00:29:37", "end": "00:29:41", "text": "mania mindset as I call it which means"}, {"start": "00:29:38", "end": "00:29:43", "text": "that okay you you in you have stop loss."}, {"start": "00:29:41", "end": "00:29:45", "text": "It went to stop loss. Good. You move on."}, {"start": "00:29:43", "end": "00:29:46", "text": "You you could you could reenter later on"}, {"start": "00:29:45", "end": "00:29:48", "text": "the same chart if you want. If it looks"}, {"start": "00:29:46", "end": "00:29:49", "text": "good for you, if there is a reason, you"}, {"start": "00:29:48", "end": "00:29:51", "text": "could go to another chart. I mean,"}, {"start": "00:29:49", "end": "00:29:52", "text": "there's always something flipping"}, {"start": "00:29:51", "end": "00:29:54", "text": "bullish all the time. There's always"}, {"start": "00:29:52", "end": "00:29:57", "text": "something, you know, that that that goes"}, {"start": "00:29:54", "end": "00:29:59", "text": "uh in a bull trend. One week ago, this"}, {"start": "00:29:57", "end": "00:30:02", "text": "stock kinetics pharmaceuticals on the US"}, {"start": "00:29:59", "end": "00:30:04", "text": "stock exchange went bull 99% pump. Tall"}, {"start": "00:30:02", "end": "00:30:05", "text": "financial group four weeks ago. I mean,"}, {"start": "00:30:04", "end": "00:30:06", "text": "there's always something pumping. Okay?"}, {"start": "00:30:05", "end": "00:30:07", "text": "You know, you don't have to be needy."}, {"start": "00:30:06", "end": "00:30:09", "text": "You don't have to be needy. You"}, {"start": "00:30:07", "end": "00:30:11", "text": "understand? But if you have this idea"}, {"start": "00:30:09", "end": "00:30:14", "text": "that okay, you have to buy this exact"}, {"start": "00:30:11", "end": "00:30:15", "text": "asset and this exact asset has to make"}, {"start": "00:30:14", "end": "00:30:17", "text": "you money. You put so many constraints"}, {"start": "00:30:15", "end": "00:30:20", "text": "on yourself. It's crazy. Anyway guys, if"}, {"start": "00:30:17", "end": "00:30:21", "text": "you use the link below as always. Well,"}, {"start": "00:30:20", "end": "00:30:24", "text": "actually it's the first day we do it."}, {"start": "00:30:21", "end": "00:30:26", "text": "It's the first experiment. Uh you have"}, {"start": "00:30:24", "end": "00:30:28", "text": "this quiz uh first link in description."}, {"start": "00:30:26", "end": "00:30:29", "text": "Refresh YouTube page if you don't see it"}, {"start": "00:30:28", "end": "00:30:31", "text": "because I added it like right before"}, {"start": "00:30:29", "end": "00:30:32", "text": "going live. If you loaded the page"}, {"start": "00:30:31", "end": "00:30:34", "text": "before we went live, maybe you don't see"}, {"start": "00:30:32", "end": "00:30:38", "text": "it, but if you refresh, you're going to"}, {"start": "00:30:34", "end": "00:30:39", "text": "see it. And it's a simple quiz basically"}, {"start": "00:30:38", "end": "00:30:42", "text": "telling you your weaknesses. You started"}, {"start": "00:30:39", "end": "00:30:43", "text": "here then you need to say how would you"}, {"start": "00:30:42", "end": "00:30:46", "text": "describe yourself and be fully honest."}, {"start": "00:30:43", "end": "00:30:47", "text": "If you lie here it's very bad like you"}, {"start": "00:30:46", "end": "00:30:49", "text": "you basically destroy for yourself. You"}, {"start": "00:30:47", "end": "00:30:50", "text": "have to be fully honest. Let's say you"}, {"start": "00:30:49", "end": "00:30:53", "text": "say that you're a long-term investor. I"}, {"start": "00:30:50", "end": "00:30:55", "text": "buy and hold. Okay. Let's click here."}, {"start": "00:30:53", "end": "00:30:57", "text": "Then you need to answer when did you"}, {"start": "00:30:55", "end": "00:30:59", "text": "decide you were a long-term investor?"}, {"start": "00:30:57", "end": "00:31:00", "text": "Because most people they be themselves."}, {"start": "00:30:59", "end": "00:31:02", "text": "They say that oh I'm a long-term"}, {"start": "00:31:00", "end": "00:31:04", "text": "investor. But here you have to be"}, {"start": "00:31:02", "end": "00:31:07", "text": "honest. When did you decide that you're"}, {"start": "00:31:04", "end": "00:31:08", "text": "a long-term investor? Okay. Both before"}, {"start": "00:31:07", "end": "00:31:10", "text": "you bought. I mean, really be honest"}, {"start": "00:31:08", "end": "00:31:13", "text": "here. Or honestly around the time the"}, {"start": "00:31:10", "end": "00:31:14", "text": "positions went red. Okay. Yeah, you have"}, {"start": "00:31:13", "end": "00:31:17", "text": "to be you have to be fully upfront here."}, {"start": "00:31:14", "end": "00:31:19", "text": "Otherwise, we cannot do a diagnosis. I"}, {"start": "00:31:17", "end": "00:31:20", "text": "cannot do diagnosis on you if you're not"}, {"start": "00:31:19", "end": "00:31:22", "text": "honest. You have to be fully fully"}, {"start": "00:31:20", "end": "00:31:26", "text": "honest. So, use the link below. And on"}, {"start": "00:31:22", "end": "00:31:29", "text": "this note, guys, let's go to Q&A."}, {"start": "00:31:26", "end": "00:31:31", "text": "Question answer, debate discussion."}, {"start": "00:31:29", "end": "00:31:34", "text": "Let's go [snorts] as soon as soon as"}, {"start": "00:31:31", "end": "00:31:36", "text": "possible. Let's go. Big shout out to Dab"}, {"start": "00:31:34", "end": "00:31:40", "text": "for timestamping us. Very, very, very"}, {"start": "00:31:36", "end": "00:31:43", "text": "nice. And uh yeah, let's go. Let's go as"}, {"start": "00:31:40", "end": "00:31:45", "text": "soon as possible with the Q&A. Whatever"}, {"start": "00:31:43", "end": "00:31:48", "text": "questions you have, whatever answers,"}, {"start": "00:31:45", "end": "00:31:52", "text": "let me summarize. Let me just summarize."}, {"start": "00:31:48", "end": "00:31:55", "text": "If we summarize, it is uh still the uh"}, {"start": "00:31:52", "end": "00:31:59", "text": "the make it or break it level at 200"}, {"start": "00:31:55", "end": "00:32:02", "text": "week. Should we start closing here, you"}, {"start": "00:31:59", "end": "00:32:04", "text": "know, 62 61, I expect a flush to the"}, {"start": "00:32:02", "end": "00:32:07", "text": "50s. If we start closing the week here,"}, {"start": "00:32:04", "end": "00:32:10", "text": "really below, I expect a big fat"}, {"start": "00:32:07", "end": "00:32:12", "text": "beautiful flash to the 50s and it's"}, {"start": "00:32:10", "end": "00:32:15", "text": "going to be nice. I mean, for us, as you"}, {"start": "00:32:12", "end": "00:32:17", "text": "know, it's only good. It's only good. It"}, {"start": "00:32:15", "end": "00:32:20", "text": "means that uh it's cheap. It means that"}, {"start": "00:32:17", "end": "00:32:23", "text": "we get nice discount and the bull market"}, {"start": "00:32:20", "end": "00:32:26", "text": "is going to happen no matter the Iran,"}, {"start": "00:32:23", "end": "00:32:27", "text": "no matter the new war, old war. I mean"}, {"start": "00:32:26", "end": "00:32:30", "text": "really there is actually if you think"}, {"start": "00:32:27", "end": "00:32:31", "text": "about it there is no new war. It's just"}, {"start": "00:32:30", "end": "00:32:34", "text": "that he stopped it so he could restart"}, {"start": "00:32:31", "end": "00:32:37", "text": "it and get 60 days from Congress again."}, {"start": "00:32:34", "end": "00:32:41", "text": "Okay so that's that. And on this note"}, {"start": "00:32:37", "end": "00:32:45", "text": "let's go to Q&A harsh hash cash. Is it"}, {"start": "00:32:41", "end": "00:32:45", "text": "harsh or is it someone else?"}, {"start": "00:32:48", "end": "00:32:51", "text": "[laughter]"}, {"start": "00:32:48", "end": "00:32:53", "text": "Is there a I'm a pleba option? Well you"}, {"start": "00:32:51", "end": "00:32:55", "text": "have there are options like that in the"}, {"start": "00:32:53", "end": "00:32:56", "text": "quiz if you answer honestly. For"}, {"start": "00:32:55", "end": "00:32:58", "text": "example, you say that you're a long-term"}, {"start": "00:32:56", "end": "00:33:00", "text": "investor and then you honestly answer"}, {"start": "00:32:58", "end": "00:33:04", "text": "also that you started to become"}, {"start": "00:33:00", "end": "00:33:07", "text": "long-term investor only after it went uh"}, {"start": "00:33:04", "end": "00:33:09", "text": "bare, your asset went red. Then in in I"}, {"start": "00:33:07", "end": "00:33:11", "text": "mean indirectly you're saying that you"}, {"start": "00:33:09", "end": "00:33:14", "text": "are a pleba. But it's good because we're"}, {"start": "00:33:11", "end": "00:33:15", "text": "here to diagnose. I mean the the first"}, {"start": "00:33:14", "end": "00:33:18", "text": "part of fixing a problem is to"}, {"start": "00:33:15", "end": "00:33:20", "text": "diagnosing. So you need to tell that"}, {"start": "00:33:18", "end": "00:33:24", "text": "you're a pleba for me to fix. You"}, {"start": "00:33:20", "end": "00:33:26", "text": "understand? So that's very important."}, {"start": "00:33:24", "end": "00:33:29", "text": "Okay. Harsh is asking is Robin Hood"}, {"start": "00:33:26", "end": "00:33:31", "text": "going to overtake Sana. I think it's"}, {"start": "00:33:29", "end": "00:33:32", "text": "very unlikely because it's a corpor"}, {"start": "00:33:31", "end": "00:33:34", "text": "chain. It can still have a lot of"}, {"start": "00:33:32", "end": "00:33:36", "text": "momentum. It's it can still have a lot"}, {"start": "00:33:34", "end": "00:33:41", "text": "of attention but it's just you know"}, {"start": "00:33:36", "end": "00:33:44", "text": "trying to compare the corpo chain to to"}, {"start": "00:33:41", "end": "00:33:49", "text": "real thing I it's like no comparing bass"}, {"start": "00:33:44", "end": "00:33:52", "text": "to to Sana did it replace Sana? No. Uh I"}, {"start": "00:33:49", "end": "00:33:54", "text": "think it's no it will not replace Sana."}, {"start": "00:33:52", "end": "00:33:56", "text": "Can it take away some attention with the"}, {"start": "00:33:54", "end": "00:33:58", "text": "memes? Uh, yes. So, for the meme, if"}, {"start": "00:33:56", "end": "00:34:00", "text": "you're a meme on Solana, then a meme on"}, {"start": "00:33:58", "end": "00:34:02", "text": "Robin Hood chain is a threat to you"}, {"start": "00:34:00", "end": "00:34:04", "text": "because it's just attention. You you you"}, {"start": "00:34:02", "end": "00:34:06", "text": "die if you don't have attention for a"}, {"start": "00:34:04", "end": "00:34:08", "text": "week or so. And that actually could be"}, {"start": "00:34:06", "end": "00:34:11", "text": "taken by another meme on Robin Hood"}, {"start": "00:34:08", "end": "00:34:13", "text": "chain which has a lot of attention now."}, {"start": "00:34:11", "end": "00:34:17", "text": "But, uh, you you can never complain"}, {"start": "00:34:13", "end": "00:34:19", "text": "corporate compare corporate chain to to"}, {"start": "00:34:17", "end": "00:34:20", "text": "real open chain. And uh to be fair, I"}, {"start": "00:34:19", "end": "00:34:23", "text": "don't even think that Robin Hood that"}, {"start": "00:34:20", "end": "00:34:25", "text": "it's their goal to compete, but maybe it"}, {"start": "00:34:23", "end": "00:34:27", "text": "is. Let's see. Uh that is, you know, but"}, {"start": "00:34:25", "end": "00:34:30", "text": "then it's it's so weird, man. It's so"}, {"start": "00:34:27", "end": "00:34:32", "text": "weird. What's happened to Cypher Punk?"}, {"start": "00:34:30", "end": "00:34:34", "text": "That's the problem, guys. I mean, both"}, {"start": "00:34:32", "end": "00:34:36", "text": "Sana currently, and again, I'm bearish"}, {"start": "00:34:34", "end": "00:34:38", "text": "Sana price, guys. I think likely it's"}, {"start": "00:34:36", "end": "00:34:41", "text": "going to go to 30. I will change my mind"}, {"start": "00:34:38", "end": "00:34:42", "text": "if it goes above 93. But I'm I'm just"}, {"start": "00:34:41", "end": "00:34:45", "text": "telling you that I'm not trying to"}, {"start": "00:34:42", "end": "00:34:48", "text": "shield you all, but just think about the"}, {"start": "00:34:45", "end": "00:34:50", "text": "the uh uh cypher punk. That's why also I"}, {"start": "00:34:48", "end": "00:34:51", "text": "think that it's very nice if we just"}, {"start": "00:34:50", "end": "00:34:54", "text": "build on one chain because that's true"}, {"start": "00:34:51", "end": "00:34:57", "text": "like cyher punk ideal. You have ETH"}, {"start": "00:34:54", "end": "00:34:59", "text": "Maxis. They've been so cyber punk full"}, {"start": "00:34:57", "end": "00:35:03", "text": "decentralization and then they kiss the"}, {"start": "00:34:59", "end": "00:35:06", "text": "feet of Vlad who is a corporation. He's"}, {"start": "00:35:03", "end": "00:35:09", "text": "doing a corporate chain. like there's"}, {"start": "00:35:06", "end": "00:35:10", "text": "something wrong in the brain. uh Bitcoin"}, {"start": "00:35:09", "end": "00:35:13", "text": "maxes they they they say"}, {"start": "00:35:10", "end": "00:35:16", "text": "decentralization then they kiss the feet"}, {"start": "00:35:13", "end": "00:35:19", "text": "of sailor which is doing a corporation"}, {"start": "00:35:16", "end": "00:35:22", "text": "with with shareholder and stock market"}, {"start": "00:35:19", "end": "00:35:23", "text": "and now he has to sell Bitcoin and they"}, {"start": "00:35:22", "end": "00:35:26", "text": "still kiss his feet like there's there's"}, {"start": "00:35:23", "end": "00:35:28", "text": "something wrong in in their brain there"}, {"start": "00:35:26", "end": "00:35:30", "text": "there is some you know"}, {"start": "00:35:28", "end": "00:35:32", "text": "personality split some kind of"}, {"start": "00:35:30", "end": "00:35:35", "text": "schizophrenia"}, {"start": "00:35:32", "end": "00:35:38", "text": "some kind of bipolar disorder in a lot"}, {"start": "00:35:35", "end": "00:35:42", "text": "of these people it's a very very big"}, {"start": "00:35:38", "end": "00:35:45", "text": "So if you look at it, Sana currently is"}, {"start": "00:35:42", "end": "00:35:48", "text": "like the most cy cippher punk because"}, {"start": "00:35:45", "end": "00:35:51", "text": "all the changes are voted on. It's"}, {"start": "00:35:48", "end": "00:35:53", "text": "decentralized governance on chain."}, {"start": "00:35:51", "end": "00:35:55", "text": "[snorts] That's number one. Number two,"}, {"start": "00:35:53", "end": "00:35:57", "text": "they have the possibility of do all of"}, {"start": "00:35:55", "end": "00:35:59", "text": "the use cases. They're fast enough. You"}, {"start": "00:35:57", "end": "00:36:02", "text": "can have like ETH itself. Eth one is"}, {"start": "00:35:59", "end": "00:36:04", "text": "also like that. Yes. But but actually"}, {"start": "00:36:02", "end": "00:36:07", "text": "not because Vitalic decides the road map"}, {"start": "00:36:04", "end": "00:36:08", "text": "himself without any holders voting. So"}, {"start": "00:36:07", "end": "00:36:10", "text": "Vitalic just said, \"Oh, we changed the"}, {"start": "00:36:08", "end": "00:36:12", "text": "road mapup. Now we have new road map.\""}, {"start": "00:36:10", "end": "00:36:15", "text": "What happened man? You had L2 road map"}, {"start": "00:36:12", "end": "00:36:17", "text": "and then just randomly on a Sunday he"}, {"start": "00:36:15", "end": "00:36:19", "text": "comes up new road map. Forget the L2"}, {"start": "00:36:17", "end": "00:36:21", "text": "stuff. This merge, splurge, blurge,"}, {"start": "00:36:19", "end": "00:36:23", "text": "blur, blah. There's no more of that. Now"}, {"start": "00:36:21", "end": "00:36:24", "text": "we have a new one. New one is different."}, {"start": "00:36:23", "end": "00:36:25", "text": "It's going to be quantum and it's going"}, {"start": "00:36:24", "end": "00:36:27", "text": "to be private because that's what"}, {"start": "00:36:25", "end": "00:36:29", "text": "Twitter spoke about during the last"}, {"start": "00:36:27", "end": "00:36:32", "text": "months."}, {"start": "00:36:29", "end": "00:36:33", "text": "I It's not bad. Quantum and private is"}, {"start": "00:36:32", "end": "00:36:35", "text": "my two favorite things. I love it. Like"}, {"start": "00:36:33", "end": "00:36:36", "text": "it's good. It's good. But it just you"}, {"start": "00:36:35", "end": "00:36:39", "text": "you see there is decision making which"}, {"start": "00:36:36", "end": "00:36:42", "text": "is not super cyber punk. [gasps] But so"}, {"start": "00:36:39", "end": "00:36:44", "text": "yeah uh that's why I'm bearish soul"}, {"start": "00:36:42", "end": "00:36:47", "text": "price now. I mean I'm telling you. But"}, {"start": "00:36:44", "end": "00:36:49", "text": "in terms of what's good for crypto, I do"}, {"start": "00:36:47", "end": "00:36:51", "text": "honestly believe it is building on soul"}, {"start": "00:36:49", "end": "00:36:53", "text": "is building on soul. One chain don't"}, {"start": "00:36:51", "end": "00:36:54", "text": "have all of this sell to this is the"}, {"start": "00:36:53", "end": "00:36:57", "text": "best user experience. It's also the best"}, {"start": "00:36:54", "end": "00:36:59", "text": "for cipher punk yada yada yada. So can"}, {"start": "00:36:57", "end": "00:37:01", "text": "you compare Robin Hood chain to Salana?"}, {"start": "00:36:59", "end": "00:37:04", "text": "You see yourself you cannot compare. You"}, {"start": "00:37:01", "end": "00:37:05", "text": "cannot compare."}, {"start": "00:37:04", "end": "00:37:07", "text": "Also, what else do you buy? Like what"}, {"start": "00:37:05", "end": "00:37:08", "text": "kind of asset you buy to be in Robin"}, {"start": "00:37:07", "end": "00:37:11", "text": "Hood chain? You buy a Robin Hood stock"}, {"start": "00:37:08", "end": "00:37:15", "text": "or what?"}, {"start": "00:37:11", "end": "00:37:15", "text": "So yeah, does that"}, {"start": "00:37:17", "end": "00:37:20", "text": "Caspa guy saying it's not Cippy Punk if"}, {"start": "00:37:19", "end": "00:37:22", "text": "it's proof of stake. It needs to be"}, {"start": "00:37:20", "end": "00:37:24", "text": "proof of work. Man, I mean you cannot"}, {"start": "00:37:22", "end": "00:37:27", "text": "compare Casper. What you do? Where's"}, {"start": "00:37:24", "end": "00:37:30", "text": "your Caspa markets decks, etc., etc.,"}, {"start": "00:37:27", "end": "00:37:32", "text": "etc. Don't don't compare. Don't compare."}, {"start": "00:37:30", "end": "00:37:38", "text": "Like it's it's not it's not the same."}, {"start": "00:37:32", "end": "00:37:38", "text": "It's not the same. Uh so yeah"}, {"start": "00:37:38", "end": "00:37:42", "text": "and proof of work or proof of stake it"}, {"start": "00:37:40", "end": "00:37:44", "text": "matters not that much because look here"}, {"start": "00:37:42", "end": "00:37:47", "text": "Bitcoiners they kiss sailor feed and"}, {"start": "00:37:44", "end": "00:37:49", "text": "it's proof of work. So how did proof of"}, {"start": "00:37:47", "end": "00:37:52", "text": "work protect them from the corpo"}, {"start": "00:37:49", "end": "00:37:54", "text": "overtaking of sailor? Is it not protect?"}, {"start": "00:37:52", "end": "00:37:58", "text": "They still kiss his feed. So it's more"}, {"start": "00:37:54", "end": "00:38:01", "text": "of the social layer. It's more h how you"}, {"start": "00:37:58", "end": "00:38:03", "text": "do devs which technically I mean devs do"}, {"start": "00:38:01", "end": "00:38:07", "text": "they need approval of all token holders"}, {"start": "00:38:03", "end": "00:38:10", "text": "to change the the uh the protocol I mean"}, {"start": "00:38:07", "end": "00:38:11", "text": "not necessarily just like in ETH no one"}, {"start": "00:38:10", "end": "00:38:14", "text": "cares about token holders Vitalik"}, {"start": "00:38:11", "end": "00:38:16", "text": "decides what what all he decides uh so"}, {"start": "00:38:14", "end": "00:38:19", "text": "it's more of the social that on Solana"}, {"start": "00:38:16", "end": "00:38:21", "text": "you do have a vote before it happens"}, {"start": "00:38:19", "end": "00:38:23", "text": "even though technically it's not needed"}, {"start": "00:38:21", "end": "00:38:25", "text": "just like on Bitcoin like no one ask the"}, {"start": "00:38:23", "end": "00:38:26", "text": "holders what you want you know the core"}, {"start": "00:38:25", "end": "00:38:29", "text": "guys they do something then there is you"}, {"start": "00:38:26", "end": "00:38:31", "text": "know some protest with Bitcoin not no"}, {"start": "00:38:29", "end": "00:38:33", "text": "one cares about that uh so yeah how"}, {"start": "00:38:31", "end": "00:38:36", "text": "proof of work protect you there you see"}, {"start": "00:38:33", "end": "00:38:39", "text": "yourself like it's uh it's it's a bit of"}, {"start": "00:38:36", "end": "00:38:41", "text": "a people say this sentence not because"}, {"start": "00:38:39", "end": "00:38:43", "text": "they understand but because someone else"}, {"start": "00:38:41", "end": "00:38:45", "text": "said it proof of work is better than"}, {"start": "00:38:43", "end": "00:38:47", "text": "proof of stake for cipher punk okay do"}, {"start": "00:38:45", "end": "00:38:49", "text": "you understand why no practically why"}, {"start": "00:38:47", "end": "00:38:51", "text": "practic I mean serious how it helps"}, {"start": "00:38:49", "end": "00:38:54", "text": "Bitcoin how it helps it doesn't help how"}, {"start": "00:38:51", "end": "00:38:56", "text": "it helps if it if is proof of stake now"}, {"start": "00:38:54", "end": "00:38:58", "text": "anyway But you you get the point. Don't"}, {"start": "00:38:56", "end": "00:38:59", "text": "repeat me stuff just because you heard"}, {"start": "00:38:58", "end": "00:39:01", "text": "something and you don't understand"}, {"start": "00:38:59", "end": "00:39:04", "text": "yourself."}, {"start": "00:39:01", "end": "00:39:05", "text": "Proof of work is cyber uh cyber punk and"}, {"start": "00:39:04", "end": "00:39:07", "text": "the proof of stake is bad is one of"}, {"start": "00:39:05", "end": "00:39:09", "text": "these things. People just repeat it"}, {"start": "00:39:07", "end": "00:39:11", "text": "without even understanding themselves."}, {"start": "00:39:09", "end": "00:39:12", "text": "Okay? It's a consensus, man. It's"}, {"start": "00:39:11", "end": "00:39:15", "text": "consensus mechanism. You can have"}, {"start": "00:39:12", "end": "00:39:16", "text": "different consensus. Go h go try to hack"}, {"start": "00:39:15", "end": "00:39:18", "text": "proof of stake. If you think that proof"}, {"start": "00:39:16", "end": "00:39:23", "text": "of work is better, that somehow proof of"}, {"start": "00:39:18", "end": "00:39:25", "text": "stake is is B. Go try to hack it. Uh for"}, {"start": "00:39:23", "end": "00:39:28", "text": "some reason people cannot hack proof of"}, {"start": "00:39:25", "end": "00:39:32", "text": "stake. Wait so many years now. E is"}, {"start": "00:39:28", "end": "00:39:35", "text": "proof of stake. No, no one hacks it. Um"}, {"start": "00:39:32", "end": "00:39:35", "text": "okay, moving on."}, {"start": "00:39:39", "end": "00:39:44", "text": "Do you think Vlad corporate chain and"}, {"start": "00:39:42", "end": "00:39:45", "text": "exchange could compete with Coinbase?"}, {"start": "00:39:44", "end": "00:39:47", "text": "Yeah. Yeah, for sure. I mean, Coinbase"}, {"start": "00:39:45", "end": "00:39:49", "text": "is very dangerous. They're in a very"}, {"start": "00:39:47", "end": "00:39:52", "text": "dangerous spot now. Coinbase is super"}, {"start": "00:39:49", "end": "00:39:54", "text": "super dangerous spot. They are losing"}, {"start": "00:39:52", "end": "00:39:56", "text": "their centralized exchange business to"}, {"start": "00:39:54", "end": "00:40:01", "text": "Vlad and their DEX corporate chain to"}, {"start": "00:39:56", "end": "00:40:03", "text": "Vlad. Uh so yeah, it's for Coinbase."}, {"start": "00:40:01", "end": "00:40:05", "text": "Vlad is real threat for Sana. No. So"}, {"start": "00:40:03", "end": "00:40:09", "text": "that's actually a good comparison."}, {"start": "00:40:05", "end": "00:40:12", "text": "Coinbase is the the game that Vlad is"}, {"start": "00:40:09", "end": "00:40:14", "text": "hunting. Vlad is going to come after Co"}, {"start": "00:40:12", "end": "00:40:16", "text": "Coinbase bigly. I mean it's probably he"}, {"start": "00:40:14", "end": "00:40:20", "text": "what he's optimizing."}, {"start": "00:40:16", "end": "00:40:22", "text": "He is coming after uh Coinbase 100%."}, {"start": "00:40:20", "end": "00:40:26", "text": "100%."}, {"start": "00:40:22", "end": "00:40:26", "text": "So yeah, that's that."}, {"start": "00:40:26", "end": "00:40:30", "text": "[sighs]"}, {"start": "00:40:28", "end": "00:40:32", "text": "Yo, Azad question Ivan is the hype"}, {"start": "00:40:30", "end": "00:40:35", "text": "around hype dying out also you see soul"}, {"start": "00:40:32", "end": "00:40:38", "text": "overt taking all sim high. Is the hype"}, {"start": "00:40:35", "end": "00:40:40", "text": "around hype dying out? You see yourself"}, {"start": "00:40:38", "end": "00:40:41", "text": "is it dying out? I don't see. Is it"}, {"start": "00:40:40", "end": "00:40:43", "text": "dying out? It's it's bullish. It's"}, {"start": "00:40:41", "end": "00:40:45", "text": "bullish. Everyone's using hyperlquid."}, {"start": "00:40:43", "end": "00:40:46", "text": "It's not a hype because everyone is"}, {"start": "00:40:45", "end": "00:40:48", "text": "using it. How can you have a hype if"}, {"start": "00:40:46", "end": "00:40:51", "text": "everyone is using it? Everyone's using"}, {"start": "00:40:48", "end": "00:40:53", "text": "hyperlquid. So"}, {"start": "00:40:51", "end": "00:40:55", "text": "it cannot die down by definition because"}, {"start": "00:40:53", "end": "00:40:57", "text": "there's no alternative. There's no"}, {"start": "00:40:55", "end": "00:40:59", "text": "onchain per deck as nice as hyperlquid."}, {"start": "00:40:57", "end": "00:41:04", "text": "There there's nothing. So hype is not"}, {"start": "00:40:59", "end": "00:41:04", "text": "dying down. Price could still go down,"}, {"start": "00:41:04", "end": "00:41:11", "text": "but uh yeah, don't worry about the hype."}, {"start": "00:41:09", "end": "00:41:11", "text": "[snorts]"}, {"start": "00:41:13", "end": "00:41:16", "text": "Um"}, {"start": "00:41:16", "end": "00:41:18", "text": "if the price goes down we're going to"}, {"start": "00:41:17", "end": "00:41:20", "text": "notice I mean you you can have a"}, {"start": "00:41:18", "end": "00:41:22", "text": "situation where project is well known"}, {"start": "00:41:20", "end": "00:41:25", "text": "everyone talks about it price still goes"}, {"start": "00:41:22", "end": "00:41:27", "text": "down it can happen so hype did not go"}, {"start": "00:41:25", "end": "00:41:31", "text": "down price went down it can happen so"}, {"start": "00:41:27", "end": "00:41:32", "text": "you think that hype follows price"}, {"start": "00:41:31", "end": "00:41:34", "text": "somehow hype creates price but you can"}, {"start": "00:41:32", "end": "00:41:37", "text": "have a hype project it still goes down I"}, {"start": "00:41:34", "end": "00:41:38", "text": "mean Bitcoin is the most hyped asset"}, {"start": "00:41:37", "end": "00:41:40", "text": "right at the peak of every bull market"}, {"start": "00:41:38", "end": "00:41:43", "text": "is the most hyped"}, {"start": "00:41:40", "end": "00:41:45", "text": "Okay. And then collapse. Anyway, in"}, {"start": "00:41:43", "end": "00:41:48", "text": "October when we said to be risk off on"}, {"start": "00:41:45", "end": "00:41:49", "text": "October 8th, Bitcoin was the most hyped"}, {"start": "00:41:48", "end": "00:41:52", "text": "asset in the world. People said, \"Ivan,"}, {"start": "00:41:49", "end": "00:41:54", "text": "you're [�__�] for saying to get out.\""}, {"start": "00:41:52", "end": "00:41:58", "text": "So hype and price is disconnecting."}, {"start": "00:41:54", "end": "00:42:00", "text": "Yeah, I got to look at the price."}, {"start": "00:41:58", "end": "00:42:02", "text": "Hope that makes sense."}, {"start": "00:42:00", "end": "00:42:06", "text": "On longterm, which one do you think will"}, {"start": "00:42:02", "end": "00:42:08", "text": "have bigger value? Hype or Solana? long"}, {"start": "00:42:06", "end": "00:42:11", "text": "long term I do believe Sana is going to"}, {"start": "00:42:08", "end": "00:42:14", "text": "have a bigger market and bigger"}, {"start": "00:42:11", "end": "00:42:16", "text": "potential because hyperlquid now is"}, {"start": "00:42:14", "end": "00:42:18", "text": "leasing because Sana is shipping the"}, {"start": "00:42:16", "end": "00:42:21", "text": "road map that will allow them to compete"}, {"start": "00:42:18", "end": "00:42:23", "text": "because Solana is uh very much more"}, {"start": "00:42:21", "end": "00:42:25", "text": "decentralized than hype. Uh it's uh I"}, {"start": "00:42:23", "end": "00:42:28", "text": "mean for them to do hype they need to"}, {"start": "00:42:25", "end": "00:42:30", "text": "ship all kinds of stuff. If you watch my"}, {"start": "00:42:28", "end": "00:42:32", "text": "video from last year Sana road map I"}, {"start": "00:42:30", "end": "00:42:34", "text": "explained all of that stuff. I don't"}, {"start": "00:42:32", "end": "00:42:36", "text": "remember myself exactly now what it was"}, {"start": "00:42:34", "end": "00:42:38", "text": "like bam they have to ship this you know"}, {"start": "00:42:36", "end": "00:42:41", "text": "bim what did it stand for bim I don't"}, {"start": "00:42:38", "end": "00:42:43", "text": "remember now it I did a video a year ago"}, {"start": "00:42:41", "end": "00:42:46", "text": "[gasps] they need to"}, {"start": "00:42:43", "end": "00:42:49", "text": "ship ace which is application something"}, {"start": "00:42:46", "end": "00:42:51", "text": "something execution"}, {"start": "00:42:49", "end": "00:42:54", "text": "uh and a few other things basically that"}, {"start": "00:42:51", "end": "00:42:57", "text": "will allow them to have uh features that"}, {"start": "00:42:54", "end": "00:42:59", "text": "are the same as in hype in hyperlquid"}, {"start": "00:42:57", "end": "00:43:00", "text": "hyperlquid is more or less a centralized"}, {"start": "00:42:59", "end": "00:43:02", "text": "chain okay they have a bit of a"}, {"start": "00:43:00", "end": "00:43:03", "text": "regulatory"}, {"start": "00:43:02", "end": "00:43:05", "text": "arbitrage where regulators don't"}, {"start": "00:43:03", "end": "00:43:07", "text": "understand that it's centralized but but"}, {"start": "00:43:05", "end": "00:43:09", "text": "it's super centralized it's hyper"}, {"start": "00:43:07", "end": "00:43:11", "text": "centralized I would I would even say so"}, {"start": "00:43:09", "end": "00:43:12", "text": "longterm soul should be the winner but I"}, {"start": "00:43:11", "end": "00:43:16", "text": "mean who the hell knows who the hell"}, {"start": "00:43:12", "end": "00:43:19", "text": "knows could be how many years it can be"}, {"start": "00:43:16", "end": "00:43:23", "text": "long term maybe 10 years or five years"}, {"start": "00:43:19", "end": "00:43:25", "text": "[gasps] but yeah um hype has been such a"}, {"start": "00:43:23", "end": "00:43:27", "text": "strong uh force of nature that we don't"}, {"start": "00:43:25", "end": "00:43:31", "text": "really care that it's centralized guys"}, {"start": "00:43:27", "end": "00:43:34", "text": "we just enjoy the pump uh Anyway,"}, {"start": "00:43:31", "end": "00:43:36", "text": "basically, okay, we don't care that I"}, {"start": "00:43:34", "end": "00:43:37", "text": "don't care that it's centralized for"}, {"start": "00:43:36", "end": "00:43:38", "text": "making money. It doesn't matter if it's"}, {"start": "00:43:37", "end": "00:43:40", "text": "centralized or decentralized. But now"}, {"start": "00:43:38", "end": "00:43:43", "text": "that you ask this theoretical question,"}, {"start": "00:43:40", "end": "00:43:45", "text": "you know, which is long long term, soul"}, {"start": "00:43:43", "end": "00:43:49", "text": "should have bigger market long term."}, {"start": "00:43:45", "end": "00:43:51", "text": "Yes. Uh"}, {"start": "00:43:49", "end": "00:43:55", "text": "but it won't stop it going to 30. If we"}, {"start": "00:43:51", "end": "00:43:59", "text": "if we keep going down here, it's uh"}, {"start": "00:43:55", "end": "00:43:59", "text": "Yeah. So that's that."}, {"start": "00:44:00", "end": "00:44:05", "text": "Also, do you think Zcash is a great"}, {"start": "00:44:02", "end": "00:44:07", "text": "investment? U yeah, I think Zcash as"}, {"start": "00:44:05", "end": "00:44:11", "text": "private solution is is very good. I"}, {"start": "00:44:07", "end": "00:44:12", "text": "mean, look at it as just um"}, {"start": "00:44:11", "end": "00:44:14", "text": "utility. I mean, it's very nice. You can"}, {"start": "00:44:12", "end": "00:44:15", "text": "have private money. It's [laughter] very"}, {"start": "00:44:14", "end": "00:44:17", "text": "nice. [gasps]"}, {"start": "00:44:15", "end": "00:44:19", "text": "So, 100%."}, {"start": "00:44:17", "end": "00:44:22", "text": "But, you know, great investment or not."}, {"start": "00:44:19", "end": "00:44:24", "text": "Currently, we are in the bare trend. Um"}, {"start": "00:44:22", "end": "00:44:26", "text": "let's see if it's just going to be a"}, {"start": "00:44:24", "end": "00:44:29", "text": "fake out of a bare trend, which can"}, {"start": "00:44:26", "end": "00:44:32", "text": "happen. Uh there is just a fake out"}, {"start": "00:44:29", "end": "00:44:34", "text": "could happen. Um for that we can go to"}, {"start": "00:44:32", "end": "00:44:37", "text": "the daily and see there"}, {"start": "00:44:34", "end": "00:44:39", "text": "daily needs to go to six. Let's go to"}, {"start": "00:44:37", "end": "00:44:42", "text": "4hour trend"}, {"start": "00:44:39", "end": "00:44:44", "text": "here. It's bullish. So you could uh uh"}, {"start": "00:44:42", "end": "00:44:45", "text": "if if you really like Zcashes, you know,"}, {"start": "00:44:44", "end": "00:44:48", "text": "and you want to get in here at around"}, {"start": "00:44:45", "end": "00:44:50", "text": "like 500 or so, [snorts] you could enter"}, {"start": "00:44:48", "end": "00:44:53", "text": "here. Just be careful in case the 4 hour"}, {"start": "00:44:50", "end": "00:44:56", "text": "goes bare because daily is bare, weekly"}, {"start": "00:44:53", "end": "00:44:58", "text": "is bare. If you want to bet on us coming"}, {"start": "00:44:56", "end": "00:45:00", "text": "back into those bull trends, you could"}, {"start": "00:44:58", "end": "00:45:02", "text": "enter, let's say, on the 4our chart and"}, {"start": "00:45:00", "end": "00:45:04", "text": "just monitor it because in case 4hour"}, {"start": "00:45:02", "end": "00:45:07", "text": "goes bare, then uh yeah, then you're"}, {"start": "00:45:04", "end": "00:45:10", "text": "out. Then you're out. Then uh uh it it"}, {"start": "00:45:07", "end": "00:45:12", "text": "is really bare. Okay. Um but yeah, for"}, {"start": "00:45:10", "end": "00:45:15", "text": "now guys, it is bare on the weekly. It"}, {"start": "00:45:12", "end": "00:45:16", "text": "is bare on the weekly."}, {"start": "00:45:15", "end": "00:45:20", "text": "Could either be a fake that we just go"}, {"start": "00:45:16", "end": "00:45:22", "text": "to bull. It can happen. uh or it's uh"}, {"start": "00:45:20", "end": "00:45:24", "text": "it's really bare and you have to if Bon"}, {"start": "00:45:22", "end": "00:45:28", "text": "goes to 50 I think that we may very well"}, {"start": "00:45:24", "end": "00:45:32", "text": "revisit like 200 for Zcash but for the"}, {"start": "00:45:28", "end": "00:45:32", "text": "next cycle 100% 100%"}, {"start": "00:45:37", "end": "00:45:42", "text": "uh Stripe SUP and Revolute among firms"}, {"start": "00:45:40", "end": "00:45:44", "text": "chosen to test digital euro you guys"}, {"start": "00:45:42", "end": "00:45:46", "text": "don't worry about digital euro it's it"}, {"start": "00:45:44", "end": "00:45:48", "text": "doesn't matter for crypto it doesn't"}, {"start": "00:45:46", "end": "00:45:48", "text": "matter"}, {"start": "00:45:48", "end": "00:45:54", "text": "for the you for the uh EU citizens it"}, {"start": "00:45:52", "end": "00:45:56", "text": "does matter but maybe a bit less than"}, {"start": "00:45:54", "end": "00:45:58", "text": "people think I'm actually not too"}, {"start": "00:45:56", "end": "00:46:01", "text": "worried about digital euro because if"}, {"start": "00:45:58", "end": "00:46:04", "text": "you use the bank now it is already super"}, {"start": "00:46:01", "end": "00:46:07", "text": "controlled like it's already mega"}, {"start": "00:46:04", "end": "00:46:09", "text": "controlled okay"}, {"start": "00:46:07", "end": "00:46:11", "text": "and uh"}, {"start": "00:46:09", "end": "00:46:12", "text": "yeah so what's going to be the"}, {"start": "00:46:11", "end": "00:46:14", "text": "difference maybe they can program a bit"}, {"start": "00:46:12", "end": "00:46:16", "text": "more but you know you are already mega"}, {"start": "00:46:14", "end": "00:46:18", "text": "control like your euro in your bank is"}, {"start": "00:46:16", "end": "00:46:20", "text": "digital euro rate. Like it's already you"}, {"start": "00:46:18", "end": "00:46:22", "text": "you barely have access to it. They can"}, {"start": "00:46:20", "end": "00:46:24", "text": "freeze it. They can take it. I mean, you"}, {"start": "00:46:22", "end": "00:46:26", "text": "understand? So, what's what's what's"}, {"start": "00:46:24", "end": "00:46:28", "text": "going to happen? The the the only"}, {"start": "00:46:26", "end": "00:46:32", "text": "difference is that now you don't need a"}, {"start": "00:46:28", "end": "00:46:34", "text": "bank to have euro. You can have"}, {"start": "00:46:32", "end": "00:46:36", "text": "you should theoretically have it just in"}, {"start": "00:46:34", "end": "00:46:38", "text": "your wallet that you get from the"}, {"start": "00:46:36", "end": "00:46:40", "text": "government. Okay. But actually, banks"}, {"start": "00:46:38", "end": "00:46:41", "text": "are also going to be like supplying it."}, {"start": "00:46:40", "end": "00:46:43", "text": "And I don't know how it's going to be."}, {"start": "00:46:41", "end": "00:46:47", "text": "It's it's not relevant for crypto at"}, {"start": "00:46:43", "end": "00:46:49", "text": "all. Um yeah, if anything, if you are to"}, {"start": "00:46:47", "end": "00:46:50", "text": "look at the bright side of things, if"}, {"start": "00:46:49", "end": "00:46:53", "text": "there is digital euro, maybe you don't"}, {"start": "00:46:50", "end": "00:46:55", "text": "need to beg your bank to open an account"}, {"start": "00:46:53", "end": "00:46:57", "text": "and you just have a right to get the"}, {"start": "00:46:55", "end": "00:46:59", "text": "digital euro without the bank, just from"}, {"start": "00:46:57", "end": "00:47:00", "text": "the government because now you know to"}, {"start": "00:46:59", "end": "00:47:02", "text": "open a bank account is like a whole"}, {"start": "00:47:00", "end": "00:47:04", "text": "process, especially if you're in crypto,"}, {"start": "00:47:02", "end": "00:47:06", "text": "it's a whole process. And to do"}, {"start": "00:47:04", "end": "00:47:07", "text": "business, you need a bank account. So"}, {"start": "00:47:06", "end": "00:47:09", "text": "maybe maybe for businesses, it's even"}, {"start": "00:47:07", "end": "00:47:12", "text": "going to be a bit better because you"}, {"start": "00:47:09", "end": "00:47:14", "text": "don't need to beg the bank to open. At"}, {"start": "00:47:12", "end": "00:47:15", "text": "the same time, you know, digital euro,"}, {"start": "00:47:14", "end": "00:47:17", "text": "they don't want to remove the bank. So,"}, {"start": "00:47:15", "end": "00:47:19", "text": "it's going to have a bunch of uh limits"}, {"start": "00:47:17", "end": "00:47:21", "text": "on it. Can you use this for more than"}, {"start": "00:47:19", "end": "00:47:22", "text": "10k? I I don't know. I don't even try to"}, {"start": "00:47:21", "end": "00:47:25", "text": "understand it. Let's see what all they"}, {"start": "00:47:22", "end": "00:47:27", "text": "do. For crypto, it doesn't matter. Uh"}, {"start": "00:47:25", "end": "00:47:28", "text": "whether it's going to be more or less"}, {"start": "00:47:27", "end": "00:47:30", "text": "control,"}, {"start": "00:47:28", "end": "00:47:33", "text": "you're already fully controlled in your"}, {"start": "00:47:30", "end": "00:47:35", "text": "fiat. So, you're already fully"}, {"start": "00:47:33", "end": "00:47:35", "text": "controlled. It's fully controlled."}, {"start": "00:47:35", "end": "00:47:38", "text": "[gasps]"}, {"start": "00:47:35", "end": "00:47:39", "text": "Um if they want to remove money from"}, {"start": "00:47:38", "end": "00:47:42", "text": "your account, they can do it now"}, {"start": "00:47:39", "end": "00:47:44", "text": "already. So then that's the worst that's"}, {"start": "00:47:42", "end": "00:47:45", "text": "the worst that can happen that you have"}, {"start": "00:47:44", "end": "00:47:50", "text": "digital euro and it gets removed from"}, {"start": "00:47:45", "end": "00:47:52", "text": "you. It can happen now in the bank also."}, {"start": "00:47:50", "end": "00:47:54", "text": "So yeah if someone can articulate"}, {"start": "00:47:52", "end": "00:47:56", "text": "exactly what the difference is. Yes."}, {"start": "00:47:54", "end": "00:47:58", "text": "People say oh but they they can program"}, {"start": "00:47:56", "end": "00:48:00", "text": "they can program for example they can"}, {"start": "00:47:58", "end": "00:48:02", "text": "program how your money works. If you buy"}, {"start": "00:48:00", "end": "00:48:03", "text": "too much meat they can freeze it. They"}, {"start": "00:48:02", "end": "00:48:06", "text": "can do it now already in the bank. They"}, {"start": "00:48:03", "end": "00:48:07", "text": "can do it now. I mean your bank already"}, {"start": "00:48:06", "end": "00:48:09", "text": "now does these categories for you. you"}, {"start": "00:48:07", "end": "00:48:12", "text": "know, entertainment,"}, {"start": "00:48:09", "end": "00:48:14", "text": "uh, rent, your bank can easily add. If"}, {"start": "00:48:12", "end": "00:48:16", "text": "you buy too much meat, they they ban."}, {"start": "00:48:14", "end": "00:48:18", "text": "So, I mean, technically, everything is"}, {"start": "00:48:16", "end": "00:48:21", "text": "possible now already."}, {"start": "00:48:18", "end": "00:48:23", "text": "Everything is possible now already."}, {"start": "00:48:21", "end": "00:48:24", "text": "You understand?"}, {"start": "00:48:23", "end": "00:48:27", "text": "They have you. They have you by the"}, {"start": "00:48:24", "end": "00:48:30", "text": "balls already."}, {"start": "00:48:27", "end": "00:48:30", "text": "100%. Okay. [laughter]"}, {"start": "00:48:30", "end": "00:48:32", "text": "[gasps]"}, {"start": "00:48:30", "end": "00:48:34", "text": "So, yeah, let's see how it's going to"}, {"start": "00:48:32", "end": "00:48:35", "text": "be."}, {"start": "00:48:34", "end": "00:48:37", "text": "Actually I I will do a bit of research"}, {"start": "00:48:35", "end": "00:48:38", "text": "now to catch up with the digital"}, {"start": "00:48:37", "end": "00:48:41", "text": "developments in digital euro now that"}, {"start": "00:48:38", "end": "00:48:42", "text": "you say so because they are in a weird"}, {"start": "00:48:41", "end": "00:48:45", "text": "spot because number one they want the"}, {"start": "00:48:42", "end": "00:48:46", "text": "banks to survive but if you have digital"}, {"start": "00:48:45", "end": "00:48:48", "text": "euro theoretically you don't need the"}, {"start": "00:48:46", "end": "00:48:49", "text": "bank because you can hold digital euro"}, {"start": "00:48:48", "end": "00:48:52", "text": "just in like government wallet or"}, {"start": "00:48:49", "end": "00:48:54", "text": "whatever but they make some kind of"}, {"start": "00:48:52", "end": "00:48:55", "text": "weird mix where you have digital euro"}, {"start": "00:48:54", "end": "00:48:58", "text": "but you still need the bank so what's"}, {"start": "00:48:55", "end": "00:49:00", "text": "the point then because I have euros in"}, {"start": "00:48:58", "end": "00:49:02", "text": "the bank already you understand what's"}, {"start": "00:49:00", "end": "00:49:04", "text": "the point anyway"}, {"start": "00:49:02", "end": "00:49:04", "text": ">> [sighs]"}, {"start": "00:49:10", "end": "00:49:15", "text": ">> Knowing how incompetent bureaucrats are,"}, {"start": "00:49:12", "end": "00:49:18", "text": "digital euro will be a flop. Likely"}, {"start": "00:49:15", "end": "00:49:19", "text": "likely. Let's see. Normally when the"}, {"start": "00:49:18", "end": "00:49:21", "text": "government does something, it's not too"}, {"start": "00:49:19", "end": "00:49:24", "text": "good. It's not too good. But in this"}, {"start": "00:49:21", "end": "00:49:26", "text": "case, u when I mean in this case is when"}, {"start": "00:49:24", "end": "00:49:29", "text": "it's a bit good, when slightly good is"}, {"start": "00:49:26", "end": "00:49:31", "text": "when the private sector uh gives them"}, {"start": "00:49:29", "end": "00:49:33", "text": "the solution. So, if the banks are going"}, {"start": "00:49:31", "end": "00:49:36", "text": "to be building this, I don't know. It's"}, {"start": "00:49:33", "end": "00:49:39", "text": "so weird. Just use freaking crypto."}, {"start": "00:49:36", "end": "00:49:39", "text": "That's it."}, {"start": "00:49:39", "end": "00:49:41", "text": "[snorts]"}, {"start": "00:49:43", "end": "00:49:46", "text": "I mean, you said years ago something"}, {"start": "00:49:44", "end": "00:49:48", "text": "would have to be 10 times better to beat"}, {"start": "00:49:46", "end": "00:49:50", "text": "ETH if sold that 100%. 100%. I mean, you"}, {"start": "00:49:48", "end": "00:49:53", "text": "you see yourself. I mean, Soul has that"}, {"start": "00:49:50", "end": "00:49:57", "text": "you can have many different apps having"}, {"start": "00:49:53", "end": "00:50:00", "text": "a lot of uh activity without spiking the"}, {"start": "00:49:57", "end": "00:50:01", "text": "fee for everyone. local fee market ETH"}, {"start": "00:50:00", "end": "00:50:04", "text": "should adopt it very very soon. I mean"}, {"start": "00:50:01", "end": "00:50:07", "text": "that has been the case for many uh for"}, {"start": "00:50:04", "end": "00:50:09", "text": "for many many years now already to use"}, {"start": "00:50:07", "end": "00:50:12", "text": "ETH. I mean think yourself you have one"}, {"start": "00:50:09", "end": "00:50:15", "text": "ETH on orbitum one ETH on uh let me see"}, {"start": "00:50:12", "end": "00:50:18", "text": "if I can find it. I actually spoke to"}, {"start": "00:50:15", "end": "00:50:21", "text": "Hayden Adams"}, {"start": "00:50:18", "end": "00:50:23", "text": "Hayden Z Adams."}, {"start": "00:50:21", "end": "00:50:26", "text": "Let me see if I can find this uh"}, {"start": "00:50:23", "end": "00:50:29", "text": "exchange I had with the founder of um"}, {"start": "00:50:26", "end": "00:50:31", "text": "Unis swap where he showed his wallet and"}, {"start": "00:50:29", "end": "00:50:32", "text": "I said that it looks horrible."}, {"start": "00:50:31", "end": "00:50:33", "text": "[laughter]"}, {"start": "00:50:32", "end": "00:50:36", "text": "[gasps] I mean as a like you know"}, {"start": "00:50:33", "end": "00:50:38", "text": "friendly a bit friendly because but it"}, {"start": "00:50:36", "end": "00:50:41", "text": "did look so horrible man. Is it looks so"}, {"start": "00:50:38", "end": "00:50:43", "text": "horrible? Because it it basically showed"}, {"start": "00:50:41", "end": "00:50:46", "text": "that you know you have ETH on L1, you"}, {"start": "00:50:43", "end": "00:50:48", "text": "have five other ETHs like what you have"}, {"start": "00:50:46", "end": "00:50:50", "text": "to bridge you have to so when you ask is"}, {"start": "00:50:48", "end": "00:50:51", "text": "it 10 times it's like a million times"}, {"start": "00:50:50", "end": "00:50:54", "text": "better probably [laughter]"}, {"start": "00:50:51", "end": "00:50:56", "text": "to not have to do all of that and that"}, {"start": "00:50:54", "end": "00:50:59", "text": "you actually that it actually works with"}, {"start": "00:50:56", "end": "00:51:00", "text": "the with the fees and everything."}, {"start": "00:50:59", "end": "00:51:01", "text": "[sighs and gasps]"}, {"start": "00:51:00", "end": "00:51:04", "text": "Um I don't know how to find it. Can you"}, {"start": "00:51:01", "end": "00:51:06", "text": "can is there a way to find what I wrote"}, {"start": "00:51:04", "end": "00:51:08", "text": "as a response to a specific person? Is"}, {"start": "00:51:06", "end": "00:51:10", "text": "it like advanced search? How how you"}, {"start": "00:51:08", "end": "00:51:14", "text": "find this kind of stuff"}, {"start": "00:51:10", "end": "00:51:18", "text": "how you find search"}, {"start": "00:51:14", "end": "00:51:20", "text": "advanced search? Let's see. Uh can let's"}, {"start": "00:51:18", "end": "00:51:24", "text": "see let's see accounts from this. Okay."}, {"start": "00:51:20", "end": "00:51:26", "text": "Okay. I can I can actually see Ian on"}, {"start": "00:51:24", "end": "00:51:28", "text": "tech. Let's see. Okay. Let me see if I"}, {"start": "00:51:26", "end": "00:51:32", "text": "can find because that picture kind of"}, {"start": "00:51:28", "end": "00:51:35", "text": "illustrates exactly what you said. Uh"}, {"start": "00:51:32", "end": "00:51:37", "text": "advanced search. Okay. Okay. Okay. two"}, {"start": "00:51:35", "end": "00:51:40", "text": "two two"}, {"start": "00:51:37", "end": "00:51:43", "text": "at Haydenzadams."}, {"start": "00:51:40", "end": "00:51:47", "text": "No, but it's kind of where uh I decided"}, {"start": "00:51:43", "end": "00:51:49", "text": "that Oh, yeah. Here, here is here."}, {"start": "00:51:47", "end": "00:51:51", "text": "[gasps] It's here. It's kind of here"}, {"start": "00:51:49", "end": "00:51:54", "text": "where you know it was so clear that it's"}, {"start": "00:51:51", "end": "00:51:56", "text": "uh phenito, you know, it's fito is"}, {"start": "00:51:54", "end": "00:52:00", "text": "phenito."}, {"start": "00:51:56", "end": "00:52:00", "text": "How you work with this? You have e."}, {"start": "00:52:01", "end": "00:52:04", "text": "Imagine being new. You're like, \"Man, I"}, {"start": "00:52:03", "end": "00:52:06", "text": "just want ETH and I want to trade"}, {"start": "00:52:04", "end": "00:52:09", "text": "shitcoin.\" But yeah, but which ETH? Is"}, {"start": "00:52:06", "end": "00:52:10", "text": "it ETH with this logo? Is it ETH with"}, {"start": "00:52:09", "end": "00:52:12", "text": "Imagine you're new. Imagine you're like"}, {"start": "00:52:10", "end": "00:52:14", "text": "like grand. You never you never used"}, {"start": "00:52:12", "end": "00:52:17", "text": "anything. You never used ETH. And now"}, {"start": "00:52:14", "end": "00:52:19", "text": "you have base ETH and then it says ETH"}, {"start": "00:52:17", "end": "00:52:21", "text": "and then ETH. ETH but with a picture."}, {"start": "00:52:19", "end": "00:52:22", "text": "ETH with another picture. E with another"}, {"start": "00:52:21", "end": "00:52:27", "text": "picture."}, {"start": "00:52:22", "end": "00:52:27", "text": "W E, which is ETH. [laughter]"}, {"start": "00:52:28", "end": "00:52:32", "text": "W E with a with another picture is ETH."}, {"start": "00:52:31", "end": "00:52:32", "text": "[laughter]"}, {"start": "00:52:32", "end": "00:52:35", "text": ">> [gasps]"}, {"start": "00:52:32", "end": "00:52:37", "text": ">> ETH with another picture. But he see"}, {"start": "00:52:35", "end": "00:52:39", "text": "here it's ETH but here it's base ETH. So"}, {"start": "00:52:37", "end": "00:52:42", "text": "what's the difference? Ah it's the same."}, {"start": "00:52:39", "end": "00:52:44", "text": "It's the same. How you understand that?"}, {"start": "00:52:42", "end": "00:52:45", "text": "M you see I mean I get it because I've"}, {"start": "00:52:44", "end": "00:52:47", "text": "been here since a long time. You guys"}, {"start": "00:52:45", "end": "00:52:50", "text": "probably get it because you've been here"}, {"start": "00:52:47", "end": "00:52:51", "text": "a long time. But it's so easy to build"}, {"start": "00:52:50", "end": "00:52:53", "text": "something that's 10 times better than"}, {"start": "00:52:51", "end": "00:52:56", "text": "this. And yes, Sana is 10 times better"}, {"start": "00:52:53", "end": "00:52:58", "text": "than than this than this. What it is? I"}, {"start": "00:52:56", "end": "00:53:00", "text": "I don't know. I don't know. Base E. E."}, {"start": "00:52:58", "end": "00:53:02", "text": "But here it's not base. Yeah, because"}, {"start": "00:53:00", "end": "00:53:05", "text": "it's thicker. But"}, {"start": "00:53:02", "end": "00:53:07", "text": "oh my god, I I don't want to do any"}, {"start": "00:53:05", "end": "00:53:09", "text": "bridging. I don't Yeah, you understand."}, {"start": "00:53:07", "end": "00:53:11", "text": "[snorts]"}, {"start": "00:53:09", "end": "00:53:11", "text": "[clears throat]"}, {"start": "00:53:14", "end": "00:53:20", "text": "Ironwood can make Zcash go to zero."}, {"start": "00:53:18", "end": "00:53:22", "text": "Why?"}, {"start": "00:53:20", "end": "00:53:23", "text": "Let's ask Grock what you speak about"}, {"start": "00:53:22", "end": "00:53:28", "text": "here. Let me see if Grock agrees with"}, {"start": "00:53:23", "end": "00:53:31", "text": "you. Uh what"}, {"start": "00:53:28", "end": "00:53:33", "text": "is going on? And you know the sad part"}, {"start": "00:53:31", "end": "00:53:35", "text": "guys is that Eve made it themselves to"}, {"start": "00:53:33", "end": "00:53:37", "text": "to themselves like they made all of"}, {"start": "00:53:35", "end": "00:53:41", "text": "these self choose. They I mean they made"}, {"start": "00:53:37", "end": "00:53:44", "text": "these decisions. What is uh going on"}, {"start": "00:53:41", "end": "00:53:45", "text": "with the audit? Let's check with Grock"}, {"start": "00:53:44", "end": "00:53:49", "text": "what he what he thinks about your"}, {"start": "00:53:45", "end": "00:53:53", "text": "statement about the ironwood [snorts]"}, {"start": "00:53:49", "end": "00:53:55", "text": "and also you have BS binos you have I"}, {"start": "00:53:53", "end": "00:53:56", "text": "mean you have all these other ETH copies"}, {"start": "00:53:55", "end": "00:53:59", "text": "and there you also have ETH and then"}, {"start": "00:53:56", "end": "00:54:00", "text": "Yeah."}, {"start": "00:53:59", "end": "00:54:02", "text": "Okay, what's going to happen? What's"}, {"start": "00:54:00", "end": "00:54:04", "text": "going to happen here is not negative is"}, {"start": "00:54:02", "end": "00:54:06", "text": "product to the network. Yes. Yes. So"}, {"start": "00:54:04", "end": "00:54:08", "text": "what's happening? So what what this we"}, {"start": "00:54:06", "end": "00:54:11", "text": "know you can read what I want is but"}, {"start": "00:54:08", "end": "00:54:14", "text": "basically when there was this um concern"}, {"start": "00:54:11", "end": "00:54:17", "text": "that potentially new tokens were minted"}, {"start": "00:54:14", "end": "00:54:19", "text": "inside their previous private pool. They"}, {"start": "00:54:17", "end": "00:54:22", "text": "created a new private pool and now to"}, {"start": "00:54:19", "end": "00:54:25", "text": "migrate from old to new all coins are"}, {"start": "00:54:22", "end": "00:54:28", "text": "going to be verified. So nothing no like"}, {"start": "00:54:25", "end": "00:54:29", "text": "um fake coins uh counterfeit coins are"}, {"start": "00:54:28", "end": "00:54:31", "text": "going to be able to migrate but so what"}, {"start": "00:54:29", "end": "00:54:33", "text": "happens test net mainet propation audits"}, {"start": "00:54:31", "end": "00:54:36", "text": "are advancing in parallels okay results"}, {"start": "00:54:33", "end": "00:54:39", "text": "are expected"}, {"start": "00:54:36", "end": "00:54:39", "text": "uh"}, {"start": "00:54:40", "end": "00:54:45", "text": "yeah I think you're too dramatic I mean"}, {"start": "00:54:42", "end": "00:54:47", "text": "if if if formal verification and audit"}, {"start": "00:54:45", "end": "00:54:49", "text": "let's say there is some uh you know"}, {"start": "00:54:47", "end": "00:54:52", "text": "comment in the audit it can happen they"}, {"start": "00:54:49", "end": "00:54:54", "text": "fix it I mean they fix it uh results are"}, {"start": "00:54:52", "end": "00:54:56", "text": "expected around after activation to"}, {"start": "00:54:54", "end": "00:54:59", "text": "prideful."}, {"start": "00:54:56", "end": "00:55:02", "text": "Let's ask when is this?"}, {"start": "00:54:59", "end": "00:55:04", "text": "When is this? Well, you're too dramatic."}, {"start": "00:55:02", "end": "00:55:06", "text": "It can go to zero. Relax. It's going to"}, {"start": "00:55:04", "end": "00:55:10", "text": "go to zero for supply and demand"}, {"start": "00:55:06", "end": "00:55:16", "text": "reasons, not because of uh uh let's see"}, {"start": "00:55:10", "end": "00:55:16", "text": "July he's described nearly complete."}, {"start": "00:55:17", "end": "00:55:21", "text": "Have you ever done an audit yourself on"}, {"start": "00:55:19", "end": "00:55:23", "text": "anything? I mean I have done many"}, {"start": "00:55:21", "end": "00:55:25", "text": "financial audits. we do every year. I've"}, {"start": "00:55:23", "end": "00:55:28", "text": "done audit when it comes to our"}, {"start": "00:55:25", "end": "00:55:31", "text": "companies with the sock 2 audit uh which"}, {"start": "00:55:28", "end": "00:55:34", "text": "is like technical operational audit."}, {"start": "00:55:31", "end": "00:55:35", "text": "I've done all kinds of audits. So when"}, {"start": "00:55:34", "end": "00:55:40", "text": "you have an audit it's very common to"}, {"start": "00:55:35", "end": "00:55:43", "text": "get comment. Auditor says hey fix this"}, {"start": "00:55:40", "end": "00:55:46", "text": "and you fix it and then auditor says"}, {"start": "00:55:43", "end": "00:55:49", "text": "okay I give you audit. So if there's any"}, {"start": "00:55:46", "end": "00:55:52", "text": "problem, auditor is going to go and say"}, {"start": "00:55:49", "end": "00:55:55", "text": "fix this and they're going to fix it"}, {"start": "00:55:52", "end": "00:55:59", "text": "because they're not auditing the idea"}, {"start": "00:55:55", "end": "00:56:02", "text": "like the idea the concept the concept is"}, {"start": "00:55:59", "end": "00:56:03", "text": "uh it works like it's"}, {"start": "00:56:02", "end": "00:56:04", "text": "it should be possible. You understand?"}, {"start": "00:56:03", "end": "00:56:06", "text": "It's it's not that they have to invent"}, {"start": "00:56:04", "end": "00:56:10", "text": "something out of nowhere. They're"}, {"start": "00:56:06", "end": "00:56:12", "text": "implementing a solution which exists and"}, {"start": "00:56:10", "end": "00:56:14", "text": "is valid. The question is did they"}, {"start": "00:56:12", "end": "00:56:17", "text": "implement it correct? So, it's a very"}, {"start": "00:56:14", "end": "00:56:18", "text": "lowrisk thing. You understand? It's not"}, {"start": "00:56:17", "end": "00:56:20", "text": "that they they need to invent something"}, {"start": "00:56:18", "end": "00:56:22", "text": "that has never been done before and"}, {"start": "00:56:20", "end": "00:56:24", "text": "they're like unsure if it even will"}, {"start": "00:56:22", "end": "00:56:26", "text": "work. They know it's going to work. The"}, {"start": "00:56:24", "end": "00:56:30", "text": "question is, did they build it"}, {"start": "00:56:26", "end": "00:56:32", "text": "correctly? When you buy an IKEA table,"}, {"start": "00:56:30", "end": "00:56:34", "text": "you know that"}, {"start": "00:56:32", "end": "00:56:37", "text": "is for sure going to work. [laughter]"}, {"start": "00:56:34", "end": "00:56:39", "text": "Or maybe not with IKEA, not maybe not."}, {"start": "00:56:37", "end": "00:56:41", "text": "But you understand. And then if you put"}, {"start": "00:56:39", "end": "00:56:42", "text": "the screw wrong, the audit will see"}, {"start": "00:56:41", "end": "00:56:44", "text": "that, man, you put the screw wrong."}, {"start": "00:56:42", "end": "00:56:46", "text": "Remove the screw, put it in another"}, {"start": "00:56:44", "end": "00:56:47", "text": "place. It's not that you buy it and then"}, {"start": "00:56:46", "end": "00:56:49", "text": "you're not even sure if it's going to be"}, {"start": "00:56:47", "end": "00:56:51", "text": "put together. Okay. Okay. With a Kia,"}, {"start": "00:56:49", "end": "00:56:52", "text": "maybe bad example, but you understand."}, {"start": "00:56:51", "end": "00:56:54", "text": "[laughter]"}, {"start": "00:56:52", "end": "00:56:57", "text": "With a Kia, you never know, man. You"}, {"start": "00:56:54", "end": "00:56:59", "text": "never know. You put in screw, then five"}, {"start": "00:56:57", "end": "00:57:02", "text": "more screws in. You understand? Holy"}, {"start": "00:56:59", "end": "00:57:03", "text": "crap, it was wrong. But now to"}, {"start": "00:57:02", "end": "00:57:05", "text": "backtrack, it's going to take another"}, {"start": "00:57:03", "end": "00:57:08", "text": "hour because now there are all kinds of"}, {"start": "00:57:05", "end": "00:57:10", "text": "parts that are on top, man. Yeah."}, {"start": "00:57:08", "end": "00:57:10", "text": "[snorts]"}, {"start": "00:57:13", "end": "00:57:18", "text": "Why is there so much value in privacy?"}, {"start": "00:57:15", "end": "00:57:20", "text": "For 99.99% of use cases, it doesn't"}, {"start": "00:57:18", "end": "00:57:23", "text": "matter."}, {"start": "00:57:20", "end": "00:57:26", "text": "Man, what do you mean financial privacy?"}, {"start": "00:57:23", "end": "00:57:28", "text": "Why? Why financial privacy matters? Man,"}, {"start": "00:57:26", "end": "00:57:31", "text": "what do you mean? You're asking if"}, {"start": "00:57:28", "end": "00:57:33", "text": "financial privacy matters. Okay. I mean,"}, {"start": "00:57:31", "end": "00:57:36", "text": "it depends. If you have $100, it does"}, {"start": "00:57:33", "end": "00:57:38", "text": "not matter. You have a lot of money, it"}, {"start": "00:57:36", "end": "00:57:40", "text": "matters a lot. It matters a lot for many"}, {"start": "00:57:38", "end": "00:57:42", "text": "for many reasons."}, {"start": "00:57:40", "end": "00:57:44", "text": "for a billion different reasons. This"}, {"start": "00:57:42", "end": "00:57:47", "text": "matters a lot. If you have a lot of"}, {"start": "00:57:44", "end": "00:57:49", "text": "money, you you want privacy. Can you go"}, {"start": "00:57:47", "end": "00:57:51", "text": "look top richest people in your country"}, {"start": "00:57:49", "end": "00:57:53", "text": "go and see if you can find about their"}, {"start": "00:57:51", "end": "00:57:56", "text": "finances? For some reason, they keep it"}, {"start": "00:57:53", "end": "00:57:56", "text": "private for some reason. I wonder why."}, {"start": "00:57:56", "end": "00:57:58", "text": "[laughter]"}, {"start": "00:57:56", "end": "00:58:00", "text": "But yeah, of course you buy me with"}, {"start": "00:57:58", "end": "00:58:02", "text": "$100, no one cares. Well, maybe your tax"}, {"start": "00:58:00", "end": "00:58:05", "text": "man's going to care if you if uh you"}, {"start": "00:58:02", "end": "00:58:07", "text": "make a lot of money. But you should pay"}, {"start": "00:58:05", "end": "00:58:09", "text": "your tax. If you don't want tax, go to"}, {"start": "00:58:07", "end": "00:58:11", "text": "zero tax resition or low tax. There are"}, {"start": "00:58:09", "end": "00:58:12", "text": "many many such. But yeah, guys, thank"}, {"start": "00:58:11", "end": "00:58:15", "text": "you very much for being here. We're"}, {"start": "00:58:12", "end": "00:58:18", "text": "approaching 1 hour. Big shout out to DAB"}, {"start": "00:58:15", "end": "00:58:22", "text": "for time stamping us. Number one. Number"}, {"start": "00:58:18", "end": "00:58:24", "text": "two, go try out the quiz in the uh"}, {"start": "00:58:22", "end": "00:58:27", "text": "description should be the first line of"}, {"start": "00:58:24", "end": "00:58:31", "text": "description. The the this scorecard, the"}, {"start": "00:58:27", "end": "00:58:33", "text": "the investor scorecard or quiz. And uh"}, {"start": "00:58:31", "end": "00:58:36", "text": "take it honestly. Take it honestly. Uh"}, {"start": "00:58:33", "end": "00:58:41", "text": "let us know what kind of um result you"}, {"start": "00:58:36", "end": "00:58:43", "text": "get. Enjoy enjoy your"}, {"start": "00:58:41", "end": "00:58:46", "text": "Tuesday. Tuesday in it and goodbye guys."}, {"start": "00:58:43", "end": "00:58:46", "text": "Goodbye. Good. Bye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Yes, yes, yes, yes, yes. Guys, welcome"}, {"start": "00:00:01", "end": "00:00:04", "text": "to another episode. And as you can see"}, {"start": "00:00:03", "end": "00:00:07", "text": "right now, Bitcoin is doing something"}, {"start": "00:00:04", "end": "00:00:09", "text": "very interesting. We are at the 200E"}, {"start": "00:00:07", "end": "00:00:11", "text": "moving average. We're holding, we're"}, {"start": "00:00:09", "end": "00:00:14", "text": "holding, we're holding the 200E moving"}, {"start": "00:00:11", "end": "00:00:17", "text": "average. And guess what? The bear is"}, {"start": "00:00:14", "end": "00:00:19", "text": "dying out. The bear is slowly but surely"}, {"start": "00:00:17", "end": "00:00:23", "text": "dying out. Something we have to keep in"}, {"start": "00:00:19", "end": "00:00:25", "text": "mind is that the bear may have a final"}, {"start": "00:00:23", "end": "00:00:28", "text": "attack left. Let me show you what"}, {"start": "00:00:25", "end": "00:00:31", "text": "happened during the last bear. It was uh"}, {"start": "00:00:28", "end": "00:00:35", "text": "quite a brutal final attack here when we"}, {"start": "00:00:31", "end": "00:00:38", "text": "teleported from around 18K all the way"}, {"start": "00:00:35", "end": "00:00:41", "text": "to 15. That was the final dip. Now, is"}, {"start": "00:00:38", "end": "00:00:44", "text": "it that big of a dip if you compare to"}, {"start": "00:00:41", "end": "00:00:47", "text": "all of the dips we've had before that"}, {"start": "00:00:44", "end": "00:00:48", "text": "point before it actually started to go"}, {"start": "00:00:47", "end": "00:00:51", "text": "to the final dip? Of course not. It was"}, {"start": "00:00:48", "end": "00:00:54", "text": "a small, but here people were expecting"}, {"start": "00:00:51", "end": "00:00:56", "text": "us to go to go up to end the bear and"}, {"start": "00:00:54", "end": "00:00:59", "text": "then boop. Many got surprised that we"}, {"start": "00:00:56", "end": "00:01:02", "text": "actually had another 20% down after"}, {"start": "00:00:59", "end": "00:01:04", "text": "massive sideways. So that's number one."}, {"start": "00:01:02", "end": "00:01:09", "text": "Then number two, the classic. The"}, {"start": "00:01:04", "end": "00:01:12", "text": "classic, the classic right here in 2018."}, {"start": "00:01:09", "end": "00:01:16", "text": "We had the end of the bear basically."}, {"start": "00:01:12", "end": "00:01:18", "text": "But then the bear had a final uh flash,"}, {"start": "00:01:16", "end": "00:01:20", "text": "a very big flash actually of 50% and"}, {"start": "00:01:18", "end": "00:01:22", "text": "that was the bottom. Currently we are in"}, {"start": "00:01:20", "end": "00:01:25", "text": "a probably a similar sit situation where"}, {"start": "00:01:22", "end": "00:01:27", "text": "we have one more leg down one more leg"}, {"start": "00:01:25", "end": "00:01:29", "text": "down whether it's going to be 20% 10% I"}, {"start": "00:01:27", "end": "00:01:32", "text": "mean who the hell knows it could also be"}, {"start": "00:01:29", "end": "00:01:33", "text": "the bottom now all of the probabilities"}, {"start": "00:01:32", "end": "00:01:36", "text": "are quite close to each other for"}, {"start": "00:01:33", "end": "00:01:38", "text": "example in October I told you very very"}, {"start": "00:01:36", "end": "00:01:40", "text": "boldly that it's time to be riskoff time"}, {"start": "00:01:38", "end": "00:01:44", "text": "to sell it was fantastic the probability"}, {"start": "00:01:40", "end": "00:01:46", "text": "of bear was very big probability of bull"}, {"start": "00:01:44", "end": "00:01:48", "text": "was small and was getting smaller and"}, {"start": "00:01:46", "end": "00:01:51", "text": "smaller now the probability of another"}, {"start": "00:01:48", "end": "00:01:53", "text": "leg down or this is the final bottom."}, {"start": "00:01:51", "end": "00:01:55", "text": "They are quite equal. So that's why"}, {"start": "00:01:53", "end": "00:01:57", "text": "we're saying we have a buy zone here and"}, {"start": "00:01:55", "end": "00:02:00", "text": "when we have a buy zone, it's fantastic"}, {"start": "00:01:57", "end": "00:02:03", "text": "buy zone to be DCAing nonetheless. But"}, {"start": "00:02:00", "end": "00:02:06", "text": "just like Anam is saying here,"}, {"start": "00:02:03", "end": "00:02:08", "text": "cryptobottoms when people have lost"}, {"start": "00:02:06", "end": "00:02:11", "text": "faith in any novelty coming out of the"}, {"start": "00:02:08", "end": "00:02:12", "text": "industry during peak apathy. We are"}, {"start": "00:02:11", "end": "00:02:13", "text": "currently there. I do believe we're"}, {"start": "00:02:12", "end": "00:02:16", "text": "currently there. I do believe we're"}, {"start": "00:02:13", "end": "00:02:18", "text": "currently there. So the probability of a"}, {"start": "00:02:16", "end": "00:02:21", "text": "bull and probability of another leg down"}, {"start": "00:02:18", "end": "00:02:23", "text": "currently is basically the same. It's"}, {"start": "00:02:21", "end": "00:02:25", "text": "basically this is very difficult to say"}, {"start": "00:02:23", "end": "00:02:26", "text": "either or. That's why we ensure that"}, {"start": "00:02:25", "end": "00:02:28", "text": "we're good no matter what happens"}, {"start": "00:02:26", "end": "00:02:31", "text": "practically. What does it mean? It means"}, {"start": "00:02:28", "end": "00:02:33", "text": "that we DCA in the buy zone right here."}, {"start": "00:02:31", "end": "00:02:35", "text": "In the buy zone right here. Should we go"}, {"start": "00:02:33", "end": "00:02:37", "text": "here to 50K? Fantastic. Big fat"}, {"start": "00:02:35", "end": "00:02:40", "text": "discount. Should we go here to 40k?"}, {"start": "00:02:37", "end": "00:02:42", "text": "Fantastic. But being greedy here is not"}, {"start": "00:02:40", "end": "00:02:44", "text": "something I would be I would be actually"}, {"start": "00:02:42", "end": "00:02:46", "text": "quite thankful that we have such cheap"}, {"start": "00:02:44", "end": "00:02:50", "text": "cheap prices. It's 50% from the top and"}, {"start": "00:02:46", "end": "00:02:53", "text": "the AI industry is going to rotate back"}, {"start": "00:02:50", "end": "00:02:55", "text": "into crypto very in very heavily. The"}, {"start": "00:02:53", "end": "00:02:58", "text": "money that went into AI is going to go"}, {"start": "00:02:55", "end": "00:03:01", "text": "back into crypto. uh partially because"}, {"start": "00:02:58", "end": "00:03:04", "text": "the enterprises are waking up that AI is"}, {"start": "00:03:01", "end": "00:03:07", "text": "actually stealing all of their data not"}, {"start": "00:03:04", "end": "00:03:09", "text": "only by running the models and then"}, {"start": "00:03:07", "end": "00:03:11", "text": "taking all of the data taking all the"}, {"start": "00:03:09", "end": "00:03:14", "text": "knowledge and doing products based on"}, {"start": "00:03:11", "end": "00:03:17", "text": "the data that happens all the time. A"}, {"start": "00:03:14", "end": "00:03:19", "text": "good example is when Anthropic did this"}, {"start": "00:03:17", "end": "00:03:21", "text": "cloud design after working very closely"}, {"start": "00:03:19", "end": "00:03:22", "text": "with Figma which is a design app for"}, {"start": "00:03:21", "end": "00:03:24", "text": "months and months and months and then"}, {"start": "00:03:22", "end": "00:03:26", "text": "suddenly Anthropy have their own design."}, {"start": "00:03:24", "end": "00:03:28", "text": "They have their own design tool. But"}, {"start": "00:03:26", "end": "00:03:32", "text": "also you have this look here. Apple just"}, {"start": "00:03:28", "end": "00:03:34", "text": "sued OpenAI reclaiming"}, {"start": "00:03:32", "end": "00:03:37", "text": "sued OpenAI claiming the company stole"}, {"start": "00:03:34", "end": "00:03:39", "text": "his trade secrets at every level from"}, {"start": "00:03:37", "end": "00:03:40", "text": "technical staff to chief hardware"}, {"start": "00:03:39", "end": "00:03:43", "text": "officer."}, {"start": "00:03:40", "end": "00:03:46", "text": "This is even worse where a companies are"}, {"start": "00:03:43", "end": "00:03:49", "text": "hiring aggressively hiring staff from"}, {"start": "00:03:46", "end": "00:03:52", "text": "their potential uh customers. Look here"}, {"start": "00:03:49", "end": "00:03:55", "text": "after leaving Apple, Mr. Leo, this guy"}, {"start": "00:03:52", "end": "00:03:59", "text": "that went to OpenAI failed to return to"}, {"start": "00:03:55", "end": "00:04:02", "text": "Apple and a laptop that had all kinds of"}, {"start": "00:03:59", "end": "00:04:04", "text": "proprietary data. It was authenticated"}, {"start": "00:04:02", "end": "00:04:07", "text": "to Apple's network. He was leaking"}, {"start": "00:04:04", "end": "00:04:09", "text": "everything to OpenAI. So the trust, why"}, {"start": "00:04:07", "end": "00:04:12", "text": "is this so important? Uh this is not"}, {"start": "00:04:09", "end": "00:04:14", "text": "just a one-off. It's a big big theme in"}, {"start": "00:04:12", "end": "00:04:17", "text": "the AI space right now. The trust for AI"}, {"start": "00:04:14", "end": "00:04:19", "text": "companies is going down the drain very"}, {"start": "00:04:17", "end": "00:04:22", "text": "very quickly. Very very quickly. And the"}, {"start": "00:04:19", "end": "00:04:24", "text": "next asset class to benefit from the"}, {"start": "00:04:22", "end": "00:04:27", "text": "capital rotation is likely to be crypto."}, {"start": "00:04:24", "end": "00:04:29", "text": "Now guys, if you've lost money in this"}, {"start": "00:04:27", "end": "00:04:33", "text": "uh cycle, uh you're not alone. You're"}, {"start": "00:04:29", "end": "00:04:39", "text": "not alone. In fact, you have Eric Trump"}, {"start": "00:04:33", "end": "00:04:41", "text": "uh losing losing $600 million of family"}, {"start": "00:04:39", "end": "00:04:44", "text": "money, basically of Trump family money"}, {"start": "00:04:41", "end": "00:04:46", "text": "in crypto. I mean, it's crazy. If he"}, {"start": "00:04:44", "end": "00:04:47", "text": "just knew the mechanical rules, if he"}, {"start": "00:04:46", "end": "00:04:50", "text": "had the money line, if he had the money"}, {"start": "00:04:47", "end": "00:04:54", "text": "scanner, we could have saved the Trump"}, {"start": "00:04:50", "end": "00:04:56", "text": "family. Imagine $600 million. It's"}, {"start": "00:04:54", "end": "00:04:58", "text": "crazy. Look here, Donald Trump's son."}, {"start": "00:04:56", "end": "00:04:59", "text": "And here I'm guessing it is Eric Trump"}, {"start": "00:04:58", "end": "00:05:01", "text": "because he's tweeting all the time."}, {"start": "00:04:59", "end": "00:05:04", "text": "Reportedly lost around 600 million from"}, {"start": "00:05:01", "end": "00:05:06", "text": "the family's fortune following a major"}, {"start": "00:05:04", "end": "00:05:08", "text": "bet on Bitcoin. The reported loss"}, {"start": "00:05:06", "end": "00:05:11", "text": "underscores the volatility of large"}, {"start": "00:05:08", "end": "00:05:13", "text": "concentrated cryptocurrency investments."}, {"start": "00:05:11", "end": "00:05:15", "text": "But also he's trying hard. He's trying"}, {"start": "00:05:13", "end": "00:05:18", "text": "hard to pump us. Look here he's saying"}, {"start": "00:05:15", "end": "00:05:21", "text": "ETH is pumping hard. Great to see crypto"}, {"start": "00:05:18", "end": "00:05:24", "text": "is the future. I mean literally he is"}, {"start": "00:05:21", "end": "00:05:26", "text": "the plebbea brain I describe in my book"}, {"start": "00:05:24", "end": "00:05:28", "text": "big profits you know in in this book the"}, {"start": "00:05:26", "end": "00:05:30", "text": "chapter two is all about the the"}, {"start": "00:05:28", "end": "00:05:32", "text": "mistakes the 10 mistakes the plebbea"}, {"start": "00:05:30", "end": "00:05:34", "text": "makes and one of them is buying"}, {"start": "00:05:32", "end": "00:05:36", "text": "something without knowing the trend"}, {"start": "00:05:34", "end": "00:05:39", "text": "without understanding your strategy and"}, {"start": "00:05:36", "end": "00:05:42", "text": "then being stuck in telegram being a"}, {"start": "00:05:39", "end": "00:05:43", "text": "community member shilling the garbage"}, {"start": "00:05:42", "end": "00:05:45", "text": "just because you're down not because you"}, {"start": "00:05:43", "end": "00:05:46", "text": "necessarily would have shield it"}, {"start": "00:05:45", "end": "00:05:49", "text": "otherwise but now that you have you have"}, {"start": "00:05:46", "end": "00:05:50", "text": "a big loss you shield it anyway way you"}, {"start": "00:05:49", "end": "00:05:52", "text": "shoot it. Either way, you're in"}, {"start": "00:05:50", "end": "00:05:55", "text": "Telegram, you're asking the boys, are we"}, {"start": "00:05:52", "end": "00:05:58", "text": "still bull? I mean, it's classic. It's"}, {"start": "00:05:55", "end": "00:06:01", "text": "classic. Classic. So, listen. Even the"}, {"start": "00:05:58", "end": "00:06:03", "text": "most powerful people in the world. If"}, {"start": "00:06:01", "end": "00:06:04", "text": "they just Oh, and this is the ultimate"}, {"start": "00:06:03", "end": "00:06:08", "text": "cope, guys. This is the ultimate cop."}, {"start": "00:06:04", "end": "00:06:10", "text": "This is the ETH Bitcoin chart."}, {"start": "00:06:08", "end": "00:06:13", "text": "When you look at dollar is there's no"}, {"start": "00:06:10", "end": "00:06:16", "text": "pump in dollar. But he found"}, {"start": "00:06:13", "end": "00:06:18", "text": "Bitcoin chart and it pumps there. You"}, {"start": "00:06:16", "end": "00:06:20", "text": "don't see the X-axis. So you don't see"}, {"start": "00:06:18", "end": "00:06:23", "text": "if it's a one minute chart, if it is a"}, {"start": "00:06:20", "end": "00:06:26", "text": "15-minute chart, if it is a one day"}, {"start": "00:06:23", "end": "00:06:28", "text": "chart. You cherrypick, you cherry pick"}, {"start": "00:06:26", "end": "00:06:30", "text": "the cherry of the cherry of the cherry"}, {"start": "00:06:28", "end": "00:06:32", "text": "where it kind of looks okay. So you can"}, {"start": "00:06:30", "end": "00:06:36", "text": "create a bit of opium on Twitter. So"}, {"start": "00:06:32", "end": "00:06:38", "text": "maybe, just maybe, your bag pumps and"}, {"start": "00:06:36", "end": "00:06:40", "text": "maybe, just maybe, you can recover some"}, {"start": "00:06:38", "end": "00:06:42", "text": "of the lost assets. Classic guys,"}, {"start": "00:06:40", "end": "00:06:45", "text": "classic."}, {"start": "00:06:42", "end": "00:06:47", "text": "So you see this knowledge of the market."}, {"start": "00:06:45", "end": "00:06:48", "text": "Like I said, man, if only he had the"}, {"start": "00:06:47", "end": "00:06:51", "text": "mechanical rules from Bulman. Exactly."}, {"start": "00:06:48", "end": "00:06:53", "text": "The knowledge of the market. This is"}, {"start": "00:06:51", "end": "00:06:54", "text": "something that you learn once. You learn"}, {"start": "00:06:53", "end": "00:06:57", "text": "the mechanical rules in Bulman. You"}, {"start": "00:06:54", "end": "00:06:59", "text": "learn once, you have it for life. You"}, {"start": "00:06:57", "end": "00:07:00", "text": "have it for life. And now your portfolio"}, {"start": "00:06:59", "end": "00:07:02", "text": "may be small, maybe not in hundreds of"}, {"start": "00:07:00", "end": "00:07:03", "text": "millions, but who the hell knows? I"}, {"start": "00:07:02", "end": "00:07:05", "text": "mean, listen, as you go through life,"}, {"start": "00:07:03", "end": "00:07:08", "text": "you may grow your portfolio bigger. If"}, {"start": "00:07:05", "end": "00:07:10", "text": "you have a, you know, how he has"}, {"start": "00:07:08", "end": "00:07:12", "text": "hundreds of hundreds of millions and you"}, {"start": "00:07:10", "end": "00:07:14", "text": "don't know mechanical rules, man. So the"}, {"start": "00:07:12", "end": "00:07:16", "text": "sooner you learn mechanical rules in"}, {"start": "00:07:14", "end": "00:07:18", "text": "your life, the better. Even if you have"}, {"start": "00:07:16", "end": "00:07:20", "text": "a small portfolio, remember maybe big in"}, {"start": "00:07:18", "end": "00:07:22", "text": "the future. This literally can be a"}, {"start": "00:07:20", "end": "00:07:23", "text": "lifesaver. Lifesaver. And I heard an"}, {"start": "00:07:22", "end": "00:07:25", "text": "interesting line someone said the other"}, {"start": "00:07:23", "end": "00:07:27", "text": "day that you know people will call you"}, {"start": "00:07:25", "end": "00:07:28", "text": "lucky, but you just joined bull mania"}, {"start": "00:07:27", "end": "00:07:30", "text": "before the bull market. It's as simple"}, {"start": "00:07:28", "end": "00:07:32", "text": "as simple. And listen, another thing"}, {"start": "00:07:30", "end": "00:07:34", "text": "that has been quite simple are just the"}, {"start": "00:07:32", "end": "00:07:38", "text": "years. We have the bare year 2026. Next"}, {"start": "00:07:34", "end": "00:07:40", "text": "year is pre-bull. The 2028 is likely to"}, {"start": "00:07:38", "end": "00:07:43", "text": "be the the retardio bull. I mean"}, {"start": "00:07:40", "end": "00:07:45", "text": "somewhere here second half of 2027 first"}, {"start": "00:07:43", "end": "00:07:49", "text": "half of 2028 like to be [�__�] you"}, {"start": "00:07:45", "end": "00:07:51", "text": "[�__�] your [�__�] you bulls and uh 2029"}, {"start": "00:07:49", "end": "00:07:53", "text": "you'll have to be careful I mean we have"}, {"start": "00:07:51", "end": "00:07:56", "text": "to be careful here in 2029 we going to"}, {"start": "00:07:53", "end": "00:07:58", "text": "keep it simple follow the strategy and"}, {"start": "00:07:56", "end": "00:08:02", "text": "if you join the wait list for Bullmania"}, {"start": "00:07:58", "end": "00:08:04", "text": "last week we just sent out the final uh"}, {"start": "00:08:02", "end": "00:08:07", "text": "weight list spots before the summer"}, {"start": "00:08:04", "end": "00:08:09", "text": "break so it's the final uh time to join"}, {"start": "00:08:07", "end": "00:08:10", "text": "check your email if you have now your"}, {"start": "00:08:09", "end": "00:08:13", "text": "weight list is closed But if you signed"}, {"start": "00:08:10", "end": "00:08:15", "text": "up last week, you have the final uh"}, {"start": "00:08:13", "end": "00:08:17", "text": "chance to join now before we uh close"}, {"start": "00:08:15", "end": "00:08:18", "text": "new applications for the for the summer"}, {"start": "00:08:17", "end": "00:08:21", "text": "break. So check your email if you"}, {"start": "00:08:18", "end": "00:08:22", "text": "haven't. Now look here. Sailor is"}, {"start": "00:08:21", "end": "00:08:25", "text": "another person that needs mechanical"}, {"start": "00:08:22", "end": "00:08:28", "text": "rules. Holy crap. I mean he's trying."}, {"start": "00:08:25", "end": "00:08:30", "text": "He's trying. He's trying. He tries to"}, {"start": "00:08:28", "end": "00:08:33", "text": "pump stretch. No one wants stretch. No"}, {"start": "00:08:30", "end": "00:08:37", "text": "one wants to touch it with 10 foot ball."}, {"start": "00:08:33", "end": "00:08:38", "text": "It's still 87 88. Below 100, it's a"}, {"start": "00:08:37", "end": "00:08:40", "text": "failure for him because he cannot raise"}, {"start": "00:08:38", "end": "00:08:43", "text": "money. He's trying this. He's trying"}, {"start": "00:08:40", "end": "00:08:46", "text": "that. Today he will do something crazy."}, {"start": "00:08:43", "end": "00:08:48", "text": "He says he says orange dots do orange"}, {"start": "00:08:46", "end": "00:08:49", "text": "dots tell only part of the story. So"}, {"start": "00:08:48", "end": "00:08:51", "text": "he's going to do something new. He's"}, {"start": "00:08:49", "end": "00:08:53", "text": "going to Is he going to sell Bitcoin? Is"}, {"start": "00:08:51", "end": "00:08:55", "text": "he going to buy Stretch? Maybe he's"}, {"start": "00:08:53", "end": "00:08:56", "text": "going to start buying Stretch from the"}, {"start": "00:08:55", "end": "00:08:58", "text": "market. That would actually be smart. If"}, {"start": "00:08:56", "end": "00:09:00", "text": "he starts buying Stretch from the"}, {"start": "00:08:58", "end": "00:09:02", "text": "market, basically retiring that uh"}, {"start": "00:09:00", "end": "00:09:04", "text": "fiasco, it would be very very good"}, {"start": "00:09:02", "end": "00:09:06", "text": "because when he buys Stretch from the"}, {"start": "00:09:04", "end": "00:09:08", "text": "market, it means that now his"}, {"start": "00:09:06", "end": "00:09:11", "text": "liabilities go down. he doesn't have to"}, {"start": "00:09:08", "end": "00:09:14", "text": "pay dividend to to those stocks that he"}, {"start": "00:09:11", "end": "00:09:16", "text": "buys back etc etc etc. So that would"}, {"start": "00:09:14", "end": "00:09:18", "text": "actually be good. I hope that he buys"}, {"start": "00:09:16", "end": "00:09:20", "text": "starts buying stretch. If he starts"}, {"start": "00:09:18", "end": "00:09:22", "text": "buying stretch it would may also help"}, {"start": "00:09:20", "end": "00:09:24", "text": "him to get stretch back to 100. But I"}, {"start": "00:09:22", "end": "00:09:26", "text": "think that's his goal. Uh if if he just"}, {"start": "00:09:24", "end": "00:09:28", "text": "buys to pump the price to 100 is very"}, {"start": "00:09:26", "end": "00:09:30", "text": "bad. It's very bad. But if he buys to"}, {"start": "00:09:28", "end": "00:09:31", "text": "retire it, okay, then it's good. Let's"}, {"start": "00:09:30", "end": "00:09:34", "text": "see what's going to happen guys. I mean"}, {"start": "00:09:31", "end": "00:09:36", "text": "it's a it's this burning dumpster"}, {"start": "00:09:34", "end": "00:09:38", "text": "basically especially with Stretch. If"}, {"start": "00:09:36", "end": "00:09:40", "text": "you can remove stretch and go back to"}, {"start": "00:09:38", "end": "00:09:43", "text": "the OG strategy with just, you know, buy"}, {"start": "00:09:40", "end": "00:09:46", "text": "Bitcoin, accumulate Bitcoin for the long"}, {"start": "00:09:43", "end": "00:09:49", "text": "term, don't do this scamming of the"}, {"start": "00:09:46", "end": "00:09:50", "text": "retail where you create an ad that tells"}, {"start": "00:09:49", "end": "00:09:52", "text": "to put your pension. I mean, then I'm"}, {"start": "00:09:50", "end": "00:09:54", "text": "actually all for strategy. I mean, I'm"}, {"start": "00:09:52", "end": "00:09:55", "text": "not against Bitcoin Treasury. It's it's"}, {"start": "00:09:54", "end": "00:09:58", "text": "great. I mean, I loved Sailor before"}, {"start": "00:09:55", "end": "00:10:02", "text": "before he started to do this kind of"}, {"start": "00:09:58", "end": "00:10:05", "text": "hoff scamming ads with AI with AI slop."}, {"start": "00:10:02", "end": "00:10:07", "text": "AI slop. Okay. And cope. I mean, another"}, {"start": "00:10:05", "end": "00:10:09", "text": "one is the cope. Let me actually see if"}, {"start": "00:10:07", "end": "00:10:11", "text": "I can find. He did this ad the other"}, {"start": "00:10:09", "end": "00:10:13", "text": "day. It's so bad, man. It's so I mean,"}, {"start": "00:10:11", "end": "00:10:16", "text": "what is this? He He This is, you know,"}, {"start": "00:10:13", "end": "00:10:18", "text": "sailor posting videos. Why stretches?"}, {"start": "00:10:16", "end": "00:10:21", "text": "Look here. Look here. It's cope. It's"}, {"start": "00:10:18", "end": "00:10:21", "text": "cope."}, {"start": "00:10:50", "end": "00:10:55", "text": "Yeah, I don't know what else. This is"}, {"start": "00:10:52", "end": "00:11:00", "text": "them in AI fighting bears. This sailor,"}, {"start": "00:10:55", "end": "00:11:00", "text": "his CEO, and some other Indian guy."}, {"start": "00:11:01", "end": "00:11:06", "text": "It's Goldman. Bears have been winning"}, {"start": "00:11:02", "end": "00:11:08", "text": "since October. Okay. Okay. What are you"}, {"start": "00:11:06", "end": "00:11:11", "text": "doing? You're down billions. You're down"}, {"start": "00:11:08", "end": "00:11:13", "text": "50%. You're not winning. You're not"}, {"start": "00:11:11", "end": "00:11:15", "text": "winning. You should have been risk off"}, {"start": "00:11:13", "end": "00:11:16", "text": "since October. But anyway, now it's time"}, {"start": "00:11:15", "end": "00:11:18", "text": "to be responsible. Is now it's time to"}, {"start": "00:11:16", "end": "00:11:19", "text": "be risk. But you know, when I see it,"}, {"start": "00:11:18", "end": "00:11:21", "text": "I'm like, man, is this it? Is this the"}, {"start": "00:11:19", "end": "00:11:23", "text": "strategy? Is that the quality of the"}, {"start": "00:11:21", "end": "00:11:25", "text": "bull post? I mean, you have to be good"}, {"start": "00:11:23", "end": "00:11:27", "text": "at bulling. It's possible to bull, but"}, {"start": "00:11:25", "end": "00:11:29", "text": "this kind of bulling, who does it"}, {"start": "00:11:27", "end": "00:11:31", "text": "convince, man? Who does it convince? Who"}, {"start": "00:11:29", "end": "00:11:32", "text": "does it? Uh,"}, {"start": "00:11:31", "end": "00:11:34", "text": "what's happening, guys? What's"}, {"start": "00:11:32", "end": "00:11:35", "text": "happening?"}, {"start": "00:11:34", "end": "00:11:36", "text": "Big shout out. Big shout out to"}, {"start": "00:11:35", "end": "00:11:40", "text": "Strategy. Let's see what's going to"}, {"start": "00:11:36", "end": "00:11:42", "text": "happen here. So, Trump is trying to pump"}, {"start": "00:11:40", "end": "00:11:45", "text": "it. He's down a lot. Eric Trump down a"}, {"start": "00:11:42", "end": "00:11:48", "text": "lot. His dad, man, his dad, Donald"}, {"start": "00:11:45", "end": "00:11:51", "text": "Trump, way smarter. Wait, he does a"}, {"start": "00:11:48", "end": "00:11:54", "text": "freaking memecoin. He does a memecoin."}, {"start": "00:11:51", "end": "00:11:57", "text": "Extract only. Extract only. Uh, instant"}, {"start": "00:11:54", "end": "00:12:03", "text": "profit like two billion profit. This guy"}, {"start": "00:11:57", "end": "00:12:03", "text": "the retardio son buys ETH man."}, {"start": "00:12:05", "end": "00:12:10", "text": "I mean if you look at it Trump Donald"}, {"start": "00:12:08", "end": "00:12:13", "text": "Trump president he's like the giga chat."}, {"start": "00:12:10", "end": "00:12:15", "text": "He goes in. He sees playable likes."}, {"start": "00:12:13", "end": "00:12:17", "text": "Memecoin. Bam. Do memecoin. Bam. Sell."}, {"start": "00:12:15", "end": "00:12:20", "text": "Bam. Bam. Bam. Bam. Bam. Extracted. Max"}, {"start": "00:12:17", "end": "00:12:22", "text": "extract. Max extract. Retor your son."}, {"start": "00:12:20", "end": "00:12:26", "text": "Probably listen to like bankless or some"}, {"start": "00:12:22", "end": "00:12:29", "text": "other fugazi buys E loses 500 million."}, {"start": "00:12:26", "end": "00:12:29", "text": "Man,"}, {"start": "00:12:29", "end": "00:12:34", "text": "it's the perfect meme. You know, the"}, {"start": "00:12:31", "end": "00:12:37", "text": "Trump Melania sitting Baron eating"}, {"start": "00:12:34", "end": "00:12:39", "text": "dinner and then Eric Trump comes from"}, {"start": "00:12:37", "end": "00:12:41", "text": "the basement. You know, oh, our little"}, {"start": "00:12:39", "end": "00:12:43", "text": "investor. What? What happened to your"}, {"start": "00:12:41", "end": "00:12:46", "text": "ultrasound money? Tell us about your"}, {"start": "00:12:43", "end": "00:12:49", "text": "ultrasound money. Tell us. Tell us. We"}, {"start": "00:12:46", "end": "00:12:53", "text": "And instead they both did memecoin of"}, {"start": "00:12:49", "end": "00:12:53", "text": "freaking Salana."}, {"start": "00:12:53", "end": "00:12:58", "text": "So yeah, I mean Eric Trump, man, very"}, {"start": "00:12:55", "end": "00:12:59", "text": "bad, very bad performance. Probably the"}, {"start": "00:12:58", "end": "00:13:01", "text": "worst. How can you lose money in crypto?"}, {"start": "00:12:59", "end": "00:13:03", "text": "That's also what Trump said when they"}, {"start": "00:13:01", "end": "00:13:06", "text": "asked Donald Trump about his crypto"}, {"start": "00:13:03", "end": "00:13:08", "text": "investments, you know, investments and"}, {"start": "00:13:06", "end": "00:13:10", "text": "um how he made two billion. He said,"}, {"start": "00:13:08", "end": "00:13:10", "text": "\"Everyone's making money. You know, I"}, {"start": "00:13:10", "end": "00:13:12", "text": "make money. Everyone's making money."}, {"start": "00:13:10", "end": "00:13:13", "text": "It's bull market. Stock stocks are"}, {"start": "00:13:12", "end": "00:13:17", "text": "making money. Like, everyone is making"}, {"start": "00:13:13", "end": "00:13:19", "text": "money EXCEPT MY FREAKING SON. GET OUT OF"}, {"start": "00:13:17", "end": "00:13:21", "text": "HERE. I WOULD REMOVE the Trump name from"}, {"start": "00:13:19", "end": "00:13:24", "text": "Eric after this after this fiasco. I"}, {"start": "00:13:21", "end": "00:13:25", "text": "would remove the Trump name."}, {"start": "00:13:24", "end": "00:13:29", "text": "You cannot call yourself Trump man if"}, {"start": "00:13:25", "end": "00:13:31", "text": "you lose 500 million in a burning bull"}, {"start": "00:13:29", "end": "00:13:33", "text": "market. Your dad is freaking president."}, {"start": "00:13:31", "end": "00:13:36", "text": "You have all kinds of information. Like,"}, {"start": "00:13:33", "end": "00:13:38", "text": "how how do you lose? How you lose? It's"}, {"start": "00:13:36", "end": "00:13:40", "text": "incredible."}, {"start": "00:13:38", "end": "00:13:43", "text": "It's incredible. It's crazy. It's crazy"}, {"start": "00:13:40", "end": "00:13:45", "text": "guys. Anyway, moving on. But before we"}, {"start": "00:13:43", "end": "00:13:46", "text": "move on, big shout out to Dab for time"}, {"start": "00:13:45", "end": "00:13:49", "text": "stamping us. Dab is here. Smash to the"}, {"start": "00:13:46", "end": "00:13:50", "text": "like, subscribe, yada yada. There's"}, {"start": "00:13:49", "end": "00:13:52", "text": "always something new that pops out of"}, {"start": "00:13:50", "end": "00:13:53", "text": "nowhere. When people ask me about Ivan,"}, {"start": "00:13:52", "end": "00:13:55", "text": "what do you think is next? What kind of"}, {"start": "00:13:53", "end": "00:13:57", "text": "industry is next? I'm I'm telling kind"}, {"start": "00:13:55", "end": "00:13:59", "text": "of similar here that listen, something"}, {"start": "00:13:57", "end": "00:14:01", "text": "new is going to emerge. We will not know"}, {"start": "00:13:59", "end": "00:14:03", "text": "in the next cycle what is going to be"}, {"start": "00:14:01", "end": "00:14:05", "text": "before it happens. So, we know it when"}, {"start": "00:14:03", "end": "00:14:06", "text": "we see it. We know it when we see it. So"}, {"start": "00:14:05", "end": "00:14:08", "text": "don't try to predict, don't try to"}, {"start": "00:14:06", "end": "00:14:10", "text": "position yourself into some kind of coin"}, {"start": "00:14:08", "end": "00:14:12", "text": "because you think it's going to go up."}, {"start": "00:14:10", "end": "00:14:15", "text": "Don't do it. Instead, wait for bull"}, {"start": "00:14:12", "end": "00:14:17", "text": "trend. For example, in hyperlquid since"}, {"start": "00:14:15", "end": "00:14:20", "text": "3 months ago, it's up uh 60% since the"}, {"start": "00:14:17", "end": "00:14:22", "text": "bull flips 3 months ago. Fantastic. Fant"}, {"start": "00:14:20", "end": "00:14:24", "text": "it's it's good to really take it easy"}, {"start": "00:14:22", "end": "00:14:25", "text": "now when it's still bearish. But as soon"}, {"start": "00:14:24", "end": "00:14:27", "text": "as you start this, you know, flipping"}, {"start": "00:14:25", "end": "00:14:28", "text": "boop boop boop boop flips happened."}, {"start": "00:14:27", "end": "00:14:31", "text": "Fantastic. Fantastic. You're going to"}, {"start": "00:14:28", "end": "00:14:32", "text": "have a lot of success just waiting for"}, {"start": "00:14:31", "end": "00:14:35", "text": "flips to happen. We'll have to see what"}, {"start": "00:14:32", "end": "00:14:37", "text": "flips. We'll have to see what flips. So"}, {"start": "00:14:35", "end": "00:14:39", "text": "that's that. Now look here, guys. Robin"}, {"start": "00:14:37", "end": "00:14:41", "text": "Hood. Robin Hood shilling this space,"}, {"start": "00:14:39", "end": "00:14:44", "text": "shilling the crypto. That's also good."}, {"start": "00:14:41", "end": "00:14:46", "text": "You see, we have now a bit of catalysts."}, {"start": "00:14:44", "end": "00:14:49", "text": "We have a bit of catalysts coming in."}, {"start": "00:14:46", "end": "00:14:51", "text": "And that's uh very good. Uh and Robin"}, {"start": "00:14:49", "end": "00:14:53", "text": "Hood is one of the catalysts. One of the"}, {"start": "00:14:51", "end": "00:14:55", "text": "catalysts. And uh they have many users,"}, {"start": "00:14:53", "end": "00:14:57", "text": "many many users. How many users? You"}, {"start": "00:14:55", "end": "00:14:59", "text": "guys check on Google or AI how many"}, {"start": "00:14:57", "end": "00:15:01", "text": "users they have? Tens of millions,"}, {"start": "00:14:59", "end": "00:15:03", "text": "hundred million. I mean many, many,"}, {"start": "00:15:01", "end": "00:15:05", "text": "many, many users. And their number one"}, {"start": "00:15:03", "end": "00:15:07", "text": "focus right now is crypto. And what is"}, {"start": "00:15:05", "end": "00:15:10", "text": "good is that instead of making a boring"}, {"start": "00:15:07", "end": "00:15:12", "text": "corporate chain like bas which no one"}, {"start": "00:15:10", "end": "00:15:14", "text": "cares about where Brian Arm does not"}, {"start": "00:15:12", "end": "00:15:16", "text": "tweet about crypto and all kind you know"}, {"start": "00:15:14", "end": "00:15:18", "text": "the the the trenches side of crypto he's"}, {"start": "00:15:16", "end": "00:15:20", "text": "staying away. Robin Hood is very"}, {"start": "00:15:18", "end": "00:15:22", "text": "different. They are also a corporate"}, {"start": "00:15:20", "end": "00:15:24", "text": "chain but instead of being boring no one"}, {"start": "00:15:22", "end": "00:15:26", "text": "cares. They're all about trading memes."}, {"start": "00:15:24", "end": "00:15:29", "text": "What the hell is happening? Whatever you"}, {"start": "00:15:26", "end": "00:15:32", "text": "want it's is there is there. So it's a"}, {"start": "00:15:29", "end": "00:15:35", "text": "good smart move by them. So you have now"}, {"start": "00:15:32", "end": "00:15:38", "text": "the Robin Hood meme meme industry"}, {"start": "00:15:35", "end": "00:15:40", "text": "pumping 33% over the last 24 hours. Cash"}, {"start": "00:15:38", "end": "00:15:42", "text": "cat still being number one. A few other"}, {"start": "00:15:40", "end": "00:15:43", "text": "ones as well. Market caps are still very"}, {"start": "00:15:42", "end": "00:15:46", "text": "very small. So all of them can go to"}, {"start": "00:15:43", "end": "00:15:48", "text": "zero any day. So this is not for you if"}, {"start": "00:15:46", "end": "00:15:50", "text": "you are uh trying to catch the big"}, {"start": "00:15:48", "end": "00:15:53", "text": "moves. This is for you that wants to"}, {"start": "00:15:50", "end": "00:15:55", "text": "make money in a casino kind of way which"}, {"start": "00:15:53", "end": "00:15:58", "text": "is okay. I mean it's okay. C uh cash cut"}, {"start": "00:15:55", "end": "00:16:00", "text": "now is big enough to trade properly with"}, {"start": "00:15:58", "end": "00:16:02", "text": "uh charts with supply and demand with"}, {"start": "00:16:00", "end": "00:16:04", "text": "mechanical rules everything else here is"}, {"start": "00:16:02", "end": "00:16:06", "text": "is casino is casino it's you know one"}, {"start": "00:16:04", "end": "00:16:08", "text": "two guys controlling everything so it's"}, {"start": "00:16:06", "end": "00:16:10", "text": "not real trading but still I mean that's"}, {"start": "00:16:08", "end": "00:16:12", "text": "how it is with small caps it's a"}, {"start": "00:16:10", "end": "00:16:13", "text": "riskreward you want big reward you need"}, {"start": "00:16:12", "end": "00:16:17", "text": "more risk I mean it is what it is look"}, {"start": "00:16:13", "end": "00:16:18", "text": "here Robin Hood chain is so effing sick"}, {"start": "00:16:17", "end": "00:16:22", "text": "it's exact same meme coins we've had on"}, {"start": "00:16:18", "end": "00:16:25", "text": "Ethereum base sana hypervm but with a"}, {"start": "00:16:22", "end": "00:16:28", "text": "different shade of green."}, {"start": "00:16:25", "end": "00:16:30", "text": "Exactly. Exactly. Exactly. And maybe"}, {"start": "00:16:28", "end": "00:16:32", "text": "maybe maybe"}, {"start": "00:16:30", "end": "00:16:35", "text": "uh they're going to be distributed to"}, {"start": "00:16:32", "end": "00:16:36", "text": "all Robin Hood users. I mean that's"}, {"start": "00:16:35", "end": "00:16:38", "text": "that's the bet. But the same bet was"}, {"start": "00:16:36", "end": "00:16:39", "text": "made for Coinbase that they're going to"}, {"start": "00:16:38", "end": "00:16:41", "text": "take all of the memes. They're going to"}, {"start": "00:16:39", "end": "00:16:42", "text": "give it to all Coinbase users. And they"}, {"start": "00:16:41", "end": "00:16:45", "text": "did not really do that. They not really"}, {"start": "00:16:42", "end": "00:16:48", "text": "do that. But I also understand I mean"}, {"start": "00:16:45", "end": "00:16:52", "text": "you have the boomer John John Smith"}, {"start": "00:16:48", "end": "00:16:55", "text": "Boomer 60 years old from Wyoming. John"}, {"start": "00:16:52", "end": "00:16:58", "text": "Smith opens up Coinbase."}, {"start": "00:16:55", "end": "00:17:00", "text": "He is his first crypto account. He put"}, {"start": "00:16:58", "end": "00:17:03", "text": "his 401k into Coinbase. Good. He thinks"}, {"start": "00:17:00", "end": "00:17:05", "text": "that Bitcoin is great. Good. And then"}, {"start": "00:17:03", "end": "00:17:08", "text": "imagine if Coinbase starts pitching him"}, {"start": "00:17:05", "end": "00:17:12", "text": "low cap shitcoins from onchain that got"}, {"start": "00:17:08", "end": "00:17:15", "text": "created. John Smith 60 years 67 years"}, {"start": "00:17:12", "end": "00:17:19", "text": "from Wyoming puts his pension into some"}, {"start": "00:17:15", "end": "00:17:21", "text": "low cap shitcoin that he pumps by 200%"}, {"start": "00:17:19", "end": "00:17:24", "text": "by just clicking one button. market buy"}, {"start": "00:17:21", "end": "00:17:26", "text": "the shitcoin has just 10k liquidity. He"}, {"start": "00:17:24", "end": "00:17:30", "text": "puts in 400k from his pension. He pumps"}, {"start": "00:17:26", "end": "00:17:32", "text": "it 10x and then it goes to zero. So they"}, {"start": "00:17:30", "end": "00:17:34", "text": "can by definition coinbas has a problem."}, {"start": "00:17:32", "end": "00:17:37", "text": "They can by definition not really put"}, {"start": "00:17:34", "end": "00:17:39", "text": "too much of this dig stuff into their"}, {"start": "00:17:37", "end": "00:17:41", "text": "product. And Robin Hood they also have"}, {"start": "00:17:39", "end": "00:17:43", "text": "the same issue. Yes, there is a group"}, {"start": "00:17:41", "end": "00:17:46", "text": "that trade all of these small cap stocks"}, {"start": "00:17:43", "end": "00:17:48", "text": "and all of that but imagine the chaos if"}, {"start": "00:17:46", "end": "00:17:50", "text": "they start pushing all of the micro caps"}, {"start": "00:17:48", "end": "00:17:53", "text": "straight in your face. If you're a Robin"}, {"start": "00:17:50", "end": "00:17:55", "text": "Hood user or a Coinbase user, it would f"}, {"start": "00:17:53", "end": "00:17:57", "text": "their their core audience that uses the"}, {"start": "00:17:55", "end": "00:17:59", "text": "app, they're going to get many lawsuit,"}, {"start": "00:17:57", "end": "00:18:00", "text": "etc., etc. So, I don't think it's going"}, {"start": "00:17:59", "end": "00:18:02", "text": "to be central like all these shitments,"}, {"start": "00:18:00", "end": "00:18:05", "text": "they're not going to be central in Robin"}, {"start": "00:18:02", "end": "00:18:06", "text": "Hood, but if they can somehow integrate"}, {"start": "00:18:05", "end": "00:18:07", "text": "maybe in the menu that you have to"}, {"start": "00:18:06", "end": "00:18:10", "text": "click, you have to find, you have to"}, {"start": "00:18:07", "end": "00:18:13", "text": "accept risk, risk disclosure, risk uh"}, {"start": "00:18:10", "end": "00:18:14", "text": "terms, etc., etc. Maybe it makes sense."}, {"start": "00:18:13", "end": "00:18:16", "text": "Maybe it makes sense. You know,"}, {"start": "00:18:14", "end": "00:18:18", "text": "otherwise, you know, people are they"}, {"start": "00:18:16", "end": "00:18:20", "text": "don't take too much responsibility just"}, {"start": "00:18:18", "end": "00:18:21", "text": "doing business. If you've done any kind"}, {"start": "00:18:20", "end": "00:18:23", "text": "of business, you know, customer support,"}, {"start": "00:18:21", "end": "00:18:25", "text": "sometimes people ask such things or they"}, {"start": "00:18:23", "end": "00:18:27", "text": "do such things that you're like, man, h"}, {"start": "00:18:25", "end": "00:18:29", "text": "how did you do that? Like, how did you"}, {"start": "00:18:27", "end": "00:18:30", "text": "decide to do that? But no, I didn't"}, {"start": "00:18:29", "end": "00:18:32", "text": "know. I didn't understand. I clicked"}, {"start": "00:18:30", "end": "00:18:34", "text": "this button and I saw this. I saw this"}, {"start": "00:18:32", "end": "00:18:36", "text": "text. I I believed it. I clicked it. You"}, {"start": "00:18:34", "end": "00:18:38", "text": "know, I misunderstood it. I believed it."}, {"start": "00:18:36", "end": "00:18:41", "text": "I clicked it. My money is going. You're"}, {"start": "00:18:38", "end": "00:18:43", "text": "like, man, how how you did it?"}, {"start": "00:18:41", "end": "00:18:44", "text": "It's crazy, man. It's crazy. So, people"}, {"start": "00:18:43", "end": "00:18:46", "text": "misunderstand. So, I I understand that."}, {"start": "00:18:44", "end": "00:18:49", "text": "Yeah. Especially in crypto where"}, {"start": "00:18:46", "end": "00:18:50", "text": "sometimes it's is the first time for"}, {"start": "00:18:49", "end": "00:18:52", "text": "them and they just on board because"}, {"start": "00:18:50", "end": "00:18:53", "text": "Coinbase they need new users all the"}, {"start": "00:18:52", "end": "00:18:55", "text": "time. New user, new user, new user, new"}, {"start": "00:18:53", "end": "00:18:57", "text": "user, new user. They need all the time"}, {"start": "00:18:55", "end": "00:18:59", "text": "new user. Groin also need all the time"}, {"start": "00:18:57", "end": "00:19:01", "text": "new user and imagine then effing with"}, {"start": "00:18:59", "end": "00:19:03", "text": "new user and giving them all of the all"}, {"start": "00:19:01", "end": "00:19:05", "text": "of the crap. So I think it's it's a bit"}, {"start": "00:19:03", "end": "00:19:06", "text": "of a too overly optimistic thing to"}, {"start": "00:19:05", "end": "00:19:09", "text": "think about that they're going to put it"}, {"start": "00:19:06", "end": "00:19:10", "text": "straight into app straight centrally. I"}, {"start": "00:19:09", "end": "00:19:11", "text": "don't think it's going to happen but"}, {"start": "00:19:10", "end": "00:19:14", "text": "maybe somewhere you know some menus"}, {"start": "00:19:11", "end": "00:19:15", "text": "inside you can find it. So let's see"}, {"start": "00:19:14", "end": "00:19:16", "text": "guys."}, {"start": "00:19:15", "end": "00:19:18", "text": "with highest likelihood what's going to"}, {"start": "00:19:16", "end": "00:19:20", "text": "happen to Robin Hood chain is that is it"}, {"start": "00:19:18", "end": "00:19:24", "text": "going to be more or less like all other"}, {"start": "00:19:20", "end": "00:19:26", "text": "L2s as weeks pass as everyone forgets"}, {"start": "00:19:24", "end": "00:19:28", "text": "there's maybe a new L2 it's it's"}, {"start": "00:19:26", "end": "00:19:30", "text": "inevitable for them all of the L2s they"}, {"start": "00:19:28", "end": "00:19:33", "text": "have a curse they have a curse and"}, {"start": "00:19:30", "end": "00:19:35", "text": "that's that they are silos they are at"}, {"start": "00:19:33", "end": "00:19:37", "text": "the end of the day corporate chains at"}, {"start": "00:19:35", "end": "00:19:39", "text": "the end of the day no one really cares"}, {"start": "00:19:37", "end": "00:19:42", "text": "about Robin Hood chain just like no one"}, {"start": "00:19:39", "end": "00:19:44", "text": "really cares about uh base chain because"}, {"start": "00:19:42", "end": "00:19:45", "text": "you don't have the asset you don't care"}, {"start": "00:19:44", "end": "00:19:47", "text": "about it. You can say what you want"}, {"start": "00:19:45", "end": "00:19:49", "text": "about Solana but if you have Solana you"}, {"start": "00:19:47", "end": "00:19:50", "text": "care about it and now it's super useful"}, {"start": "00:19:49", "end": "00:19:52", "text": "and you can actually use it just like"}, {"start": "00:19:50", "end": "00:19:54", "text": "people cared about ETH. The problem is"}, {"start": "00:19:52", "end": "00:19:56", "text": "you cannot use I mean slow as soon as"}, {"start": "00:19:54", "end": "00:19:58", "text": "you get a bit of momentum it's and"}, {"start": "00:19:56", "end": "00:20:00", "text": "you're forced to use corpor chains."}, {"start": "00:19:58", "end": "00:20:04", "text": "Another thing is if you love ETH you're"}, {"start": "00:20:00", "end": "00:20:06", "text": "forced to use corpo chain. So my my"}, {"start": "00:20:04", "end": "00:20:08", "text": "analysis still stands that we use the"}, {"start": "00:20:06", "end": "00:20:10", "text": "opportunity now to trade this memes"}, {"start": "00:20:08", "end": "00:20:13", "text": "because that's where the money is."}, {"start": "00:20:10", "end": "00:20:15", "text": "That's where the attention is. But the"}, {"start": "00:20:13", "end": "00:20:19", "text": "end result of all of the L2 is going to"}, {"start": "00:20:15", "end": "00:20:20", "text": "be back where they belong where no one"}, {"start": "00:20:19", "end": "00:20:23", "text": "really cares about them because now"}, {"start": "00:20:20", "end": "00:20:25", "text": "there's a new L2. So they don't build on"}, {"start": "00:20:23", "end": "00:20:28", "text": "each other's successes. They split"}, {"start": "00:20:25", "end": "00:20:31", "text": "liquidity. They split user base. They"}, {"start": "00:20:28", "end": "00:20:33", "text": "split assets because bridge. It's it's"}, {"start": "00:20:31", "end": "00:20:35", "text": "very bad. Very bad. But for now though,"}, {"start": "00:20:33", "end": "00:20:37", "text": "for now though, we are living in a bit"}, {"start": "00:20:35", "end": "00:20:39", "text": "of a Robin Hood mania. And we're all for"}, {"start": "00:20:37", "end": "00:20:42", "text": "I mean we're all for it. We're all for"}, {"start": "00:20:39", "end": "00:20:45", "text": "it. So look here. Cash got undervalued"}, {"start": "00:20:42", "end": "00:20:47", "text": "according to Rasmer. Let's see if that's"}, {"start": "00:20:45", "end": "00:20:48", "text": "true or not. Uh but uh something we've"}, {"start": "00:20:47", "end": "00:20:51", "text": "been discussing guys the other day. You"}, {"start": "00:20:48", "end": "00:20:52", "text": "remember Ansam? I told you that I will"}, {"start": "00:20:51", "end": "00:20:54", "text": "have a small position in the last stream"}, {"start": "00:20:52", "end": "00:20:56", "text": "or was it two streams ago? It was either"}, {"start": "00:20:54", "end": "00:20:58", "text": "on Friday or on Thursday. Fantastic. Now"}, {"start": "00:20:56", "end": "00:21:01", "text": "we're back to the upside. Very very"}, {"start": "00:20:58", "end": "00:21:04", "text": "nice. Uh and listen, he's taking such a"}, {"start": "00:21:01", "end": "00:21:06", "text": "big personal risk and uh will it work?"}, {"start": "00:21:04", "end": "00:21:08", "text": "Will it not work? Who the hell knows?"}, {"start": "00:21:06", "end": "00:21:10", "text": "But um it's uh from a risk word"}, {"start": "00:21:08", "end": "00:21:13", "text": "perspective out of all of the garbage"}, {"start": "00:21:10", "end": "00:21:15", "text": "you can buy all of the memes from a risk"}, {"start": "00:21:13", "end": "00:21:18", "text": "word perspective when Anom went down"}, {"start": "00:21:15", "end": "00:21:19", "text": "more than 50% I did put in a bit of a"}, {"start": "00:21:18", "end": "00:21:21", "text": "position there I told you on Friday or"}, {"start": "00:21:19", "end": "00:21:22", "text": "Thursday and now let's see we're riding"}, {"start": "00:21:21", "end": "00:21:23", "text": "it let's see what's going to happen"}, {"start": "00:21:22", "end": "00:21:27", "text": "let's see what's going to happen because"}, {"start": "00:21:23", "end": "00:21:28", "text": "anam I love he's taking such a big risk"}, {"start": "00:21:27", "end": "00:21:31", "text": "declaring publicly that he's going to"}, {"start": "00:21:28", "end": "00:21:34", "text": "pump it he's gonna do his best to pump"}, {"start": "00:21:31", "end": "00:21:36", "text": "it he uses revenue from the transaction"}, {"start": "00:21:34", "end": "00:21:38", "text": "fees to airdrop"}, {"start": "00:21:36", "end": "00:21:41", "text": "etc. He also is also called his name. So"}, {"start": "00:21:38", "end": "00:21:42", "text": "if it goes to zero, that's what all the"}, {"start": "00:21:41", "end": "00:21:45", "text": "media is going to write about. Anam's"}, {"start": "00:21:42", "end": "00:21:47", "text": "coin went down 90%. It's different from"}, {"start": "00:21:45", "end": "00:21:49", "text": "Trump world liberty finance. I mean, you"}, {"start": "00:21:47", "end": "00:21:52", "text": "see, if world liberty finance goes down"}, {"start": "00:21:49", "end": "00:21:54", "text": "to to zero is still disconnected a bit."}, {"start": "00:21:52", "end": "00:21:56", "text": "Uh, okay. But he has Trump memecoin"}, {"start": "00:21:54", "end": "00:21:57", "text": "which went to zero. That's okay. But"}, {"start": "00:21:56", "end": "00:21:59", "text": "he's the president. Melania, man,"}, {"start": "00:21:57", "end": "00:22:01", "text": "millennia went to zero. That's also"}, {"start": "00:21:59", "end": "00:22:02", "text": "okay. But you see, sometimes people make"}, {"start": "00:22:01", "end": "00:22:05", "text": "a coin and they like call it something"}, {"start": "00:22:02", "end": "00:22:09", "text": "else. uh just you know maybe a good"}, {"start": "00:22:05", "end": "00:22:10", "text": "example is Techlid he did Techlid coin"}, {"start": "00:22:09", "end": "00:22:14", "text": "he did he did like you know lion or what"}, {"start": "00:22:10", "end": "00:22:16", "text": "a lion some lion coin or something okay"}, {"start": "00:22:14", "end": "00:22:18", "text": "anyway so the fact that it's called his"}, {"start": "00:22:16", "end": "00:22:20", "text": "name it's connected let's see what's"}, {"start": "00:22:18", "end": "00:22:22", "text": "going to happen guys I I have a position"}, {"start": "00:22:20", "end": "00:22:25", "text": "since last week when it went down 50"}, {"start": "00:22:22", "end": "00:22:26", "text": "more than 50% now it's uh recovering"}, {"start": "00:22:25", "end": "00:22:27", "text": "let's see we're going to be rising it"}, {"start": "00:22:26", "end": "00:22:29", "text": "we're going to be rising it guys"}, {"start": "00:22:27", "end": "00:22:32", "text": "something I have to tell you is that"}, {"start": "00:22:29", "end": "00:22:34", "text": "when you use Phantom wallet uh don't"}, {"start": "00:22:32", "end": "00:22:36", "text": "trade from Phantom UI buy directly"}, {"start": "00:22:34", "end": "00:22:39", "text": "because they have a very big fee. They"}, {"start": "00:22:36", "end": "00:22:41", "text": "have a fat fee and they're making a lot"}, {"start": "00:22:39", "end": "00:22:43", "text": "of money from the from the transfers"}, {"start": "00:22:41", "end": "00:22:45", "text": "that you do inside Phantom, which is"}, {"start": "00:22:43", "end": "00:22:47", "text": "good for them. I mean, the business is"}, {"start": "00:22:45", "end": "00:22:49", "text": "good. I love Phantom. They deserve to do"}, {"start": "00:22:47", "end": "00:22:50", "text": "uh revenue is good. I'm not complaining"}, {"start": "00:22:49", "end": "00:22:53", "text": "about that, but it's just that if you"}, {"start": "00:22:50", "end": "00:22:55", "text": "are a bit more experienced, you can just"}, {"start": "00:22:53", "end": "00:22:58", "text": "open Jupiter inside Phantom. So, you"}, {"start": "00:22:55", "end": "00:23:00", "text": "open up Phantom, then there's a field"}, {"start": "00:22:58", "end": "00:23:02", "text": "called search phantom. You click there,"}, {"start": "00:23:00", "end": "00:23:04", "text": "you uh search Jupiter or it should even"}, {"start": "00:23:02", "end": "00:23:07", "text": "show you like Jupiter in the in the"}, {"start": "00:23:04", "end": "00:23:10", "text": "list. You open Jupiter, you swap there"}, {"start": "00:23:07", "end": "00:23:12", "text": "and your fee drops by more than 50%. Uh"}, {"start": "00:23:10", "end": "00:23:15", "text": "to I don't know exactly, but it's was"}, {"start": "00:23:12", "end": "00:23:18", "text": "more than 50% less fee. More than 50%"}, {"start": "00:23:15", "end": "00:23:20", "text": "less fee. So look here. Oh, look here"}, {"start": "00:23:18", "end": "00:23:24", "text": "from 0 to 0.5 fee on based on pair. So"}, {"start": "00:23:20", "end": "00:23:26", "text": "yeah, use Jupiter inside Phantom. If"}, {"start": "00:23:24", "end": "00:23:29", "text": "you're trading Sulana memes or any kind"}, {"start": "00:23:26", "end": "00:23:30", "text": "of stuff on Phantom, don't use the"}, {"start": "00:23:29", "end": "00:23:32", "text": "built-in swap because it's super"}, {"start": "00:23:30", "end": "00:23:34", "text": "expensive. I know it's nice. I know it's"}, {"start": "00:23:32", "end": "00:23:36", "text": "nice. And sometimes, you know, if you're"}, {"start": "00:23:34", "end": "00:23:37", "text": "if you're swapping some, you know, small"}, {"start": "00:23:36", "end": "00:23:39", "text": "amounts, you're cleaning up your wallet,"}, {"start": "00:23:37", "end": "00:23:41", "text": "maybe it makes sense. But for big"}, {"start": "00:23:39", "end": "00:23:43", "text": "amounts, it adds up, man. It adds up."}, {"start": "00:23:41", "end": "00:23:45", "text": "You know, you do a few trades. I mean,"}, {"start": "00:23:43", "end": "00:23:46", "text": "just imagine you do 10 10 trades, this"}, {"start": "00:23:45", "end": "00:23:48", "text": "adds up quite quickly. I mean, you see"}, {"start": "00:23:46", "end": "00:23:51", "text": "yourself. And then you see it's per"}, {"start": "00:23:48", "end": "00:23:54", "text": "swap. So, it's 0.85 on entry and on"}, {"start": "00:23:51", "end": "00:23:58", "text": "exit. So, just buy and sell. It's what"}, {"start": "00:23:54", "end": "00:24:02", "text": "is it like 1.7 1.7% if you buy and sell"}, {"start": "00:23:58", "end": "00:24:04", "text": "and then imagine you do yeah 10 trades"}, {"start": "00:24:02", "end": "00:24:06", "text": "10 buys buy and sells I mean suddenly"}, {"start": "00:24:04", "end": "00:24:09", "text": "you lose like 10% you know it's it goes"}, {"start": "00:24:06", "end": "00:24:12", "text": "up very quick so be be just be careful"}, {"start": "00:24:09", "end": "00:24:14", "text": "there keep it in mind it's uh yeah it's"}, {"start": "00:24:12", "end": "00:24:16", "text": "like that in many wallets if you have a"}, {"start": "00:24:14", "end": "00:24:18", "text": "nice wallet UI that you use you love the"}, {"start": "00:24:16", "end": "00:24:20", "text": "wallet UI just check the fee because"}, {"start": "00:24:18", "end": "00:24:23", "text": "always when it's a nice wallet UI it's"}, {"start": "00:24:20", "end": "00:24:25", "text": "expensive it's better to to open up the"}, {"start": "00:24:23", "end": "00:24:27", "text": "Jupiter and and do the native use the"}, {"start": "00:24:25", "end": "00:24:28", "text": "native protocol because the only thing"}, {"start": "00:24:27", "end": "00:24:30", "text": "that Phantom does behind the scenes is"}, {"start": "00:24:28", "end": "00:24:32", "text": "just use Jupiter and they add their own"}, {"start": "00:24:30", "end": "00:24:35", "text": "theme and they make nice buttons so play"}, {"start": "00:24:32", "end": "00:24:36", "text": "by clicks and uses it. Now guys, let's"}, {"start": "00:24:35", "end": "00:24:39", "text": "check unis swap. So something"}, {"start": "00:24:36", "end": "00:24:42", "text": "interesting with unis swap is that uh"}, {"start": "00:24:39", "end": "00:24:43", "text": "looking at the daily. Let me see if it's"}, {"start": "00:24:42", "end": "00:24:45", "text": "still in a bull trend. Looking at the"}, {"start": "00:24:43", "end": "00:24:47", "text": "daily, they have a bit of an interesting"}, {"start": "00:24:45", "end": "00:24:52", "text": "development here. Um they're bullish now"}, {"start": "00:24:47", "end": "00:24:55", "text": "since uh the 21st of u of June. very"}, {"start": "00:24:52", "end": "00:24:57", "text": "very nice. They're up 20%. The the good"}, {"start": "00:24:55", "end": "00:25:00", "text": "thing is that this is the first bull"}, {"start": "00:24:57", "end": "00:25:03", "text": "trend since here since uh October since"}, {"start": "00:25:00", "end": "00:25:04", "text": "September even since September. So unis"}, {"start": "00:25:03", "end": "00:25:06", "text": "swap does have a bit of momentum. Now"}, {"start": "00:25:04", "end": "00:25:07", "text": "it's facing a bit of resistance with the"}, {"start": "00:25:06", "end": "00:25:10", "text": "200 day moving average which is the"}, {"start": "00:25:07", "end": "00:25:13", "text": "white line. But all in all it's good to"}, {"start": "00:25:10", "end": "00:25:16", "text": "see the first shoots the first shoots"}, {"start": "00:25:13", "end": "00:25:19", "text": "after a long winter that we do see a bit"}, {"start": "00:25:16", "end": "00:25:21", "text": "of a bull trend. So uh keep an eye on on"}, {"start": "00:25:19", "end": "00:25:24", "text": "unis swap. UNIS swap is also generating"}, {"start": "00:25:21", "end": "00:25:26", "text": "all kinds of fees. UNISOP is generating"}, {"start": "00:25:24", "end": "00:25:30", "text": "5.2 million in daily fees right now"}, {"start": "00:25:26", "end": "00:25:33", "text": "above any protocol other than USDC USDT"}, {"start": "00:25:30", "end": "00:25:35", "text": "and far more than Hype Pump etc etc etc."}, {"start": "00:25:33", "end": "00:25:37", "text": "So yeah let's see if they can keep uh"}, {"start": "00:25:35", "end": "00:25:38", "text": "keep pumping. We don't know the future"}, {"start": "00:25:37", "end": "00:25:41", "text": "but it's all about riskreward. When you"}, {"start": "00:25:38", "end": "00:25:42", "text": "have good riskreward fantastic so the"}, {"start": "00:25:41", "end": "00:25:44", "text": "first signal if you had the money"}, {"start": "00:25:42", "end": "00:25:47", "text": "scanner inside Bulmania you got here on"}, {"start": "00:25:44", "end": "00:25:50", "text": "the 21st and now we're at resistance."}, {"start": "00:25:47", "end": "00:25:52", "text": "We're up 20% already. I would say that"}, {"start": "00:25:50", "end": "00:25:54", "text": "we should clear the 200 day moving"}, {"start": "00:25:52", "end": "00:25:56", "text": "average first. So should we clear it?"}, {"start": "00:25:54", "end": "00:25:58", "text": "That's a good signal that likely there's"}, {"start": "00:25:56", "end": "00:26:00", "text": "going to be continuation. So that's the"}, {"start": "00:25:58", "end": "00:26:03", "text": "next uh that's the next signal. Uh the"}, {"start": "00:26:00", "end": "00:26:06", "text": "best uh uh the best time to get in was"}, {"start": "00:26:03", "end": "00:26:09", "text": "was here. But the next best time is yeah"}, {"start": "00:26:06", "end": "00:26:12", "text": "above there above the 200 day. Look"}, {"start": "00:26:09", "end": "00:26:15", "text": "here. Uh you have the ETH guys shilling"}, {"start": "00:26:12", "end": "00:26:18", "text": "ETH saying that it's good that you have"}, {"start": "00:26:15", "end": "00:26:21", "text": "all uh Robin you know all these L2s"}, {"start": "00:26:18", "end": "00:26:22", "text": "including Robin Hood uh DC investor big"}, {"start": "00:26:21", "end": "00:26:25", "text": "shout out he's saying the following"}, {"start": "00:26:22", "end": "00:26:28", "text": "hottest new chain so far uh as the new"}, {"start": "00:26:25", "end": "00:26:30", "text": "cycle begins signals the start of trad"}, {"start": "00:26:28", "end": "00:26:32", "text": "coming on chain uses ETH as gas and"}, {"start": "00:26:30", "end": "00:26:34", "text": "significantly and sign and significantly"}, {"start": "00:26:32", "end": "00:26:36", "text": "as popular collateral and medium of"}, {"start": "00:26:34", "end": "00:26:38", "text": "exchange reinforces Ethereum as the"}, {"start": "00:26:36", "end": "00:26:40", "text": "emerging global settlement layer CT"}, {"start": "00:26:38", "end": "00:26:41", "text": "reaction there is No reason ETH will"}, {"start": "00:26:40", "end": "00:26:43", "text": "benefit from it. Well, actually I mean"}, {"start": "00:26:41", "end": "00:26:47", "text": "in this case"}, {"start": "00:26:43", "end": "00:26:48", "text": "I I do also agree likely. I mean the"}, {"start": "00:26:47", "end": "00:26:50", "text": "result for ETH from L2. It's like base,"}, {"start": "00:26:48", "end": "00:26:52", "text": "man. It's like bass. We've already had"}, {"start": "00:26:50", "end": "00:26:55", "text": "base. It's not new, man. It's like bass."}, {"start": "00:26:52", "end": "00:26:59", "text": "It's like bass. It's all about again the"}, {"start": "00:26:55", "end": "00:27:02", "text": "issue is to make this L2s relevant in"}, {"start": "00:26:59", "end": "00:27:03", "text": "one month, in two months. Yes. I mean"}, {"start": "00:27:02", "end": "00:27:05", "text": "there are many chains that come online"}, {"start": "00:27:03", "end": "00:27:08", "text": "and they're hot and then in a month"}, {"start": "00:27:05", "end": "00:27:09", "text": "they're not hot. And the the curse of L2"}, {"start": "00:27:08", "end": "00:27:12", "text": "again they're siloed. They don't build"}, {"start": "00:27:09", "end": "00:27:14", "text": "on each other's success. If you have a"}, {"start": "00:27:12", "end": "00:27:16", "text": "big app or a big thing, no one else can"}, {"start": "00:27:14", "end": "00:27:17", "text": "really integrate. You have to bridge,"}, {"start": "00:27:16", "end": "00:27:19", "text": "you have to do bridge, man. You have to"}, {"start": "00:27:17", "end": "00:27:21", "text": "change network, you have to do all kinds"}, {"start": "00:27:19", "end": "00:27:24", "text": "of stuff. So I actually agree that this"}, {"start": "00:27:21", "end": "00:27:26", "text": "shilling is a bit overstated. This will"}, {"start": "00:27:24", "end": "00:27:28", "text": "benefit ETH. Will give buy pressure to"}, {"start": "00:27:26", "end": "00:27:31", "text": "ETH maybe, but it's not going to be the"}, {"start": "00:27:28", "end": "00:27:33", "text": "reason. If ETH pumps is going to be for"}, {"start": "00:27:31", "end": "00:27:36", "text": "the fact that the bull market is back."}, {"start": "00:27:33", "end": "00:27:39", "text": "Okay. ETH ETH is gonna pump when Bitcoin"}, {"start": "00:27:36", "end": "00:27:42", "text": "is a bull trend regardless of like u"}, {"start": "00:27:39", "end": "00:27:44", "text": "Robin Hood this and that. It's another"}, {"start": "00:27:42", "end": "00:27:46", "text": "course another L2 man. It's we've had"}, {"start": "00:27:44", "end": "00:27:48", "text": "many of them. We had many of them and uh"}, {"start": "00:27:46", "end": "00:27:51", "text": "this is just another one. So in this"}, {"start": "00:27:48", "end": "00:27:53", "text": "case I actually agree with this and I"}, {"start": "00:27:51", "end": "00:27:55", "text": "see actually I also see many people"}, {"start": "00:27:53", "end": "00:27:58", "text": "saying that this is you know rebirth of"}, {"start": "00:27:55", "end": "00:28:00", "text": "ETH. Maybe maybe but probably not. And"}, {"start": "00:27:58", "end": "00:28:03", "text": "the reason is again it's base. It's base"}, {"start": "00:28:00", "end": "00:28:05", "text": "but with with another shade of uh green."}, {"start": "00:28:03", "end": "00:28:08", "text": "Well, it was base is blue. This one is"}, {"start": "00:28:05", "end": "00:28:11", "text": "green. Look here. Uh token terminal in"}, {"start": "00:28:08", "end": "00:28:14", "text": "another post basically shilling ETH that"}, {"start": "00:28:11", "end": "00:28:15", "text": "it's so great because of Robin Hood."}, {"start": "00:28:14", "end": "00:28:17", "text": "Difficult to imagine a better"}, {"start": "00:28:15", "end": "00:28:18", "text": "distribution strategy for Ethereum and"}, {"start": "00:28:17", "end": "00:28:20", "text": "Origin than Robin Hood building on top"}, {"start": "00:28:18", "end": "00:28:23", "text": "of them."}, {"start": "00:28:20", "end": "00:28:25", "text": "Okay. Robin Hood brings 28 million"}, {"start": "00:28:23", "end": "00:28:28", "text": "investors into the ETH ecosystem. But"}, {"start": "00:28:25", "end": "00:28:30", "text": "see, will Robin Hood let all of these"}, {"start": "00:28:28", "end": "00:28:31", "text": "users go away from Robin? I mean, they"}, {"start": "00:28:30", "end": "00:28:33", "text": "want to keep them in Robin Hood. They"}, {"start": "00:28:31", "end": "00:28:36", "text": "want to pay as little to ETH as possible"}, {"start": "00:28:33", "end": "00:28:37", "text": "and keep them in Robin Hood. So, is it a"}, {"start": "00:28:36", "end": "00:28:39", "text": "win-win? Maybe it's a win-win. Let's"}, {"start": "00:28:37", "end": "00:28:42", "text": "see, guys. Uh, I'm, you know, I love the"}, {"start": "00:28:39", "end": "00:28:43", "text": "L2 in the past. But then when they when"}, {"start": "00:28:42", "end": "00:28:45", "text": "we had one, two L2s, okay, it made"}, {"start": "00:28:43", "end": "00:28:46", "text": "sense. You scale, but then you have a"}, {"start": "00:28:45", "end": "00:28:48", "text": "hundred of them doing the same thing."}, {"start": "00:28:46", "end": "00:28:50", "text": "It's [�__�] So, I'm not a big"}, {"start": "00:28:48", "end": "00:28:55", "text": "believer in L2 since like end of 2022 or"}, {"start": "00:28:50", "end": "00:28:57", "text": "so. 2023. when was 203 probably. Uh,"}, {"start": "00:28:55", "end": "00:28:59", "text": "look here. Avalanche, guys. Avalanche."}, {"start": "00:28:57", "end": "00:29:01", "text": "Here's another example where"}, {"start": "00:28:59", "end": "00:29:06", "text": "fundamentals don't really help you. So,"}, {"start": "00:29:01", "end": "00:29:09", "text": "Avalanche now has $900 million"}, {"start": "00:29:06", "end": "00:29:13", "text": "fund. This is like money market. Black"}, {"start": "00:29:09", "end": "00:29:16", "text": "Rockck's money market fund bidds"}, {"start": "00:29:13", "end": "00:29:21", "text": "$900 million on avalanche. According to"}, {"start": "00:29:16", "end": "00:29:24", "text": "RBA XYZ XYZ, black roto is money market"}, {"start": "00:29:21", "end": "00:29:27", "text": "money market fund bidd has surpassed 900"}, {"start": "00:29:24", "end": "00:29:30", "text": "million. Okay, what's happening man?"}, {"start": "00:29:27", "end": "00:29:32", "text": "What is this? You see it's like it"}, {"start": "00:29:30", "end": "00:29:34", "text": "doesn't matter if black rockck is there"}, {"start": "00:29:32", "end": "00:29:38", "text": "or if they you know do they buy"}, {"start": "00:29:34", "end": "00:29:40", "text": "avalanche because of it? No. Do they buy"}, {"start": "00:29:38", "end": "00:29:42", "text": "why they're not buying avalanche? They"}, {"start": "00:29:40", "end": "00:29:44", "text": "they don't buy avalanche. So whether"}, {"start": "00:29:42", "end": "00:29:46", "text": "Avalanche pumps or not, it has no"}, {"start": "00:29:44", "end": "00:29:47", "text": "connection to whether Black Rockck does"}, {"start": "00:29:46", "end": "00:29:50", "text": "their fund or whatever they do on"}, {"start": "00:29:47", "end": "00:29:52", "text": "Avalanche. If Avalanche pumps likely is"}, {"start": "00:29:50", "end": "00:29:56", "text": "going to be because bull market is back."}, {"start": "00:29:52", "end": "00:29:58", "text": "Okay, so yeah, keep it simple guys. The"}, {"start": "00:29:56", "end": "00:29:59", "text": "bag holders, they're posting all these"}, {"start": "00:29:58", "end": "00:30:02", "text": "narratives, I feel sorry for them."}, {"start": "00:29:59", "end": "00:30:03", "text": "Trading on narrative is very bad. You're"}, {"start": "00:30:02", "end": "00:30:04", "text": "going to get wrecked. You're going to"}, {"start": "00:30:03", "end": "00:30:07", "text": "get destroyed. You need to trade based"}, {"start": "00:30:04", "end": "00:30:11", "text": "on trend. Trend is bare on the weekly."}, {"start": "00:30:07", "end": "00:30:13", "text": "Trend is bare on the daily. stay away uh"}, {"start": "00:30:11", "end": "00:30:16", "text": "both ETH avalanche they they will not"}, {"start": "00:30:13", "end": "00:30:18", "text": "get anything from Robin Hood or bias"}, {"start": "00:30:16", "end": "00:30:20", "text": "it's it's for guys in the bull market"}, {"start": "00:30:18", "end": "00:30:22", "text": "it's going to be nice story but in the"}, {"start": "00:30:20", "end": "00:30:23", "text": "bare we're still in the bear final stage"}, {"start": "00:30:22", "end": "00:30:28", "text": "of the bear but it's for guys it's for"}, {"start": "00:30:23", "end": "00:30:30", "text": "guys now now it's for guys stani from um"}, {"start": "00:30:28", "end": "00:30:34", "text": "a is saying avalanche getting good"}, {"start": "00:30:30", "end": "00:30:36", "text": "traction on ace lately yes"}, {"start": "00:30:34", "end": "00:30:38", "text": "doesn't help avalanche holders avalanche"}, {"start": "00:30:36", "end": "00:30:41", "text": "holders mega do we have some some of the"}, {"start": "00:30:38", "end": "00:30:44", "text": "avalanche holders in the chat right now"}, {"start": "00:30:41", "end": "00:30:46", "text": "very very wrecked very bad very bad so"}, {"start": "00:30:44", "end": "00:30:49", "text": "yeah you have progress you don't have"}, {"start": "00:30:46", "end": "00:30:51", "text": "progress uh uh you don't make money"}, {"start": "00:30:49", "end": "00:30:54", "text": "anyway you lose you lose you have minus"}, {"start": "00:30:51", "end": "00:30:57", "text": "big fat minus so yeah but yeah big shout"}, {"start": "00:30:54", "end": "00:31:01", "text": "out to black rockck and avalanche"}, {"start": "00:30:57", "end": "00:31:05", "text": "now guys there is this uh uh conflict"}, {"start": "00:31:01", "end": "00:31:08", "text": "you can say now in bitcoin with matthew"}, {"start": "00:31:05", "end": "00:31:11", "text": "crater from bitcoin university"}, {"start": "00:31:08", "end": "00:31:13", "text": "this debate about block about uh spam"}, {"start": "00:31:11", "end": "00:31:14", "text": "how much you can put in each bitcoin"}, {"start": "00:31:13", "end": "00:31:16", "text": "transaction now you know we have a"}, {"start": "00:31:14", "end": "00:31:18", "text": "totally different view here we think"}, {"start": "00:31:16", "end": "00:31:22", "text": "that this whole discussion is [�__�]"}, {"start": "00:31:18", "end": "00:31:23", "text": "I'm neither supporting bip 110 or"}, {"start": "00:31:22", "end": "00:31:26", "text": "changing the the chain I I should"}, {"start": "00:31:23", "end": "00:31:28", "text": "Bitcoin should just remain as is okay"}, {"start": "00:31:26", "end": "00:31:30", "text": "there's such debate such heated debate I"}, {"start": "00:31:28", "end": "00:31:33", "text": "mean they take it personal now they take"}, {"start": "00:31:30", "end": "00:31:37", "text": "Matthew Catra now from Bitcoin"}, {"start": "00:31:33", "end": "00:31:39", "text": "University he's going now loco let's see"}, {"start": "00:31:37", "end": "00:31:40", "text": "what he's Okay."}, {"start": "00:31:39", "end": "00:31:41", "text": "And I will tell you soon why I think the"}, {"start": "00:31:40", "end": "00:31:43", "text": "whole discussion is [�__�] Like"}, {"start": "00:31:41", "end": "00:31:45", "text": "they're they're wasting time. They're"}, {"start": "00:31:43", "end": "00:31:48", "text": "wasting time discussing this uh spam,"}, {"start": "00:31:45", "end": "00:31:50", "text": "how much data you put. Listen to this."}, {"start": "00:31:48", "end": "00:31:52", "text": ">> So I want to end with a warning to"}, {"start": "00:31:50", "end": "00:31:55", "text": "mining pools. We are basically we plebs"}, {"start": "00:31:52", "end": "00:31:57", "text": "are basically insane people."}, {"start": "00:31:55", "end": "00:31:59", "text": ">> Okay."}, {"start": "00:31:57", "end": "00:32:02", "text": "So basically, let me give you some"}, {"start": "00:31:59", "end": "00:32:05", "text": "background. Uh Bitcoin devs are going to"}, {"start": "00:32:02", "end": "00:32:06", "text": "make a change so you can put more data"}, {"start": "00:32:05", "end": "00:32:10", "text": "into Bitcoin. So you can do like more"}, {"start": "00:32:06", "end": "00:32:13", "text": "NFTs. Matthew Crater and a lot of other"}, {"start": "00:32:10", "end": "00:32:16", "text": "uh Bitcoin maxes, they don't like it. So"}, {"start": "00:32:13", "end": "00:32:18", "text": "they push BP one this 110"}, {"start": "00:32:16", "end": "00:32:22", "text": "to stop it basically. Okay. And there's"}, {"start": "00:32:18", "end": "00:32:23", "text": "like Bitcoin not there is Mechanic"}, {"start": "00:32:22", "end": "00:32:25", "text": "Bitcoin Mechanic on YouTube. Like it's a"}, {"start": "00:32:23", "end": "00:32:27", "text": "whole movement they do. They they"}, {"start": "00:32:25", "end": "00:32:29", "text": "discuss they discuss the same thing as"}, {"start": "00:32:27", "end": "00:32:33", "text": "in 2017 yet again. It's like the block"}, {"start": "00:32:29", "end": "00:32:36", "text": "wars yet again. And it seems that the"}, {"start": "00:32:33", "end": "00:32:38", "text": "side that wants to put more spam on the"}, {"start": "00:32:36", "end": "00:32:40", "text": "chain, more NFTs is winning. And Matthew"}, {"start": "00:32:38", "end": "00:32:43", "text": "Crater is saying, \"Hey, don't mess with"}, {"start": "00:32:40", "end": "00:32:45", "text": "me. I'm insane.\" And we are insane."}, {"start": "00:32:43", "end": "00:32:47", "text": "Let's Let's check this."}, {"start": "00:32:45", "end": "00:32:48", "text": ">> Insane people. You should realize after"}, {"start": "00:32:47", "end": "00:32:49", "text": "having seen the last 6 months, we're"}, {"start": "00:32:48", "end": "00:32:51", "text": "insanely committed to getting this"}, {"start": "00:32:49", "end": "00:32:54", "text": "activated. We're not going to let up"}, {"start": "00:32:51", "end": "00:32:56", "text": "until BIP 110 gets activated. We're"}, {"start": "00:32:54", "end": "00:32:58", "text": "never going away until we get what we"}, {"start": "00:32:56", "end": "00:33:00", "text": "want. We are going to be a thorn in your"}, {"start": "00:32:58", "end": "00:33:02", "text": "side for the next five years, for the"}, {"start": "00:33:00", "end": "00:33:03", "text": "next 10 years if that's what it takes."}, {"start": "00:33:02", "end": "00:33:05", "text": "And we're going to make your lives and"}, {"start": "00:33:03", "end": "00:33:07", "text": "continue to make your lives absolutely"}, {"start": "00:33:05", "end": "00:33:09", "text": "miserable if you oppose us. And it's"}, {"start": "00:33:07", "end": "00:33:11", "text": "because you mining pools need to"}, {"start": "00:33:09", "end": "00:33:12", "text": "remember you work for us, the plebs, and"}, {"start": "00:33:11", "end": "00:33:14", "text": "not the other."}, {"start": "00:33:12", "end": "00:33:16", "text": ">> Yeah. Anyway, you can read more. And the"}, {"start": "00:33:14", "end": "00:33:17", "text": "reason, guys, this is why I find it"}, {"start": "00:33:16", "end": "00:33:19", "text": "[�__�] You probably know it if you"}, {"start": "00:33:17", "end": "00:33:21", "text": "watch the channel, but this topic is not"}, {"start": "00:33:19", "end": "00:33:23", "text": "important for Bitcoin. Whether there is"}, {"start": "00:33:21", "end": "00:33:26", "text": "more data or less does not decide"}, {"start": "00:33:23", "end": "00:33:28", "text": "whether a billionaire uh boomer puts his"}, {"start": "00:33:26", "end": "00:33:30", "text": "money in Bitcoin. What decides is"}, {"start": "00:33:28", "end": "00:33:32", "text": "whether it's quantum proof. Because if"}, {"start": "00:33:30", "end": "00:33:35", "text": "I'm a billionaire boomer, I'm about to"}, {"start": "00:33:32", "end": "00:33:37", "text": "pass away and I'm thinking who where to"}, {"start": "00:33:35", "end": "00:33:39", "text": "put my uh inheritance to future"}, {"start": "00:33:37", "end": "00:33:43", "text": "generation."}, {"start": "00:33:39", "end": "00:33:46", "text": "I have gold which is not going to change"}, {"start": "00:33:43", "end": "00:33:47", "text": "which my banker advisor is telling me."}, {"start": "00:33:46", "end": "00:33:50", "text": "And I have Bitcoin which may get"}, {"start": "00:33:47", "end": "00:33:51", "text": "freaking hacked if quantum is an issue"}, {"start": "00:33:50", "end": "00:33:53", "text": "in the coming 10 years. And it's going"}, {"start": "00:33:51", "end": "00:33:55", "text": "to take 10 years at least to upgrade"}, {"start": "00:33:53", "end": "00:33:58", "text": "Bitcoin to quantum. It's not a fast"}, {"start": "00:33:55", "end": "00:34:02", "text": "thing. And you see this guys debating"}, {"start": "00:33:58", "end": "00:34:04", "text": "this data more data less data. Man, what"}, {"start": "00:34:02", "end": "00:34:05", "text": "is this? What is this? I can see both"}, {"start": "00:34:04", "end": "00:34:07", "text": "sides. I see the innovation side that"}, {"start": "00:34:05", "end": "00:34:09", "text": "you want to do more development on top"}, {"start": "00:34:07", "end": "00:34:11", "text": "of. I also see that you the side that"}, {"start": "00:34:09", "end": "00:34:13", "text": "doesn't want to change. There is a lot"}, {"start": "00:34:11", "end": "00:34:16", "text": "of development when it comes to compute"}, {"start": "00:34:13", "end": "00:34:17", "text": "in the past uh 20 years since the"}, {"start": "00:34:16", "end": "00:34:19", "text": "creation of Bitcoin. Could we have a bit"}, {"start": "00:34:17", "end": "00:34:20", "text": "bigger chain, a bit more data on"}, {"start": "00:34:19", "end": "00:34:22", "text": "Bitcoin? Yes, I mean things have"}, {"start": "00:34:20", "end": "00:34:23", "text": "developed man. You have hard hardware,"}, {"start": "00:34:22", "end": "00:34:25", "text": "you have big big hard drive, you can"}, {"start": "00:34:23", "end": "00:34:28", "text": "have big processor, all kinds of stuff"}, {"start": "00:34:25", "end": "00:34:29", "text": "that have been improved. Do we need to"}, {"start": "00:34:28", "end": "00:34:32", "text": "change? I would personally not change"}, {"start": "00:34:29", "end": "00:34:34", "text": "anything nonetheless. And all of this"}, {"start": "00:34:32", "end": "00:34:36", "text": "energy like so much energy is put being"}, {"start": "00:34:34", "end": "00:34:38", "text": "put into this. Imagine if they put this"}, {"start": "00:34:36", "end": "00:34:41", "text": "kind of energy into quantum."}, {"start": "00:34:38", "end": "00:34:43", "text": "It would be so so much better. Imagine"}, {"start": "00:34:41", "end": "00:34:46", "text": "if they had such heated debate about how"}, {"start": "00:34:43", "end": "00:34:48", "text": "we make Bitcoin quantum proof would"}, {"start": "00:34:46", "end": "00:34:51", "text": "already have so much more inflows. The"}, {"start": "00:34:48", "end": "00:34:53", "text": "only uh the only uh KPI that we need to"}, {"start": "00:34:51", "end": "00:34:55", "text": "care about for Bitcoin is how much money"}, {"start": "00:34:53", "end": "00:34:57", "text": "is being invested because if it is store"}, {"start": "00:34:55", "end": "00:34:59", "text": "of value that is the KPI it is the KPI"}, {"start": "00:34:57", "end": "00:35:01", "text": "how much money is getting invested and"}, {"start": "00:34:59", "end": "00:35:04", "text": "uh what is the price? What's the price?"}, {"start": "00:35:01", "end": "00:35:06", "text": "How much money is getting flowed in? And"}, {"start": "00:35:04", "end": "00:35:09", "text": "for that you need quantum. Without"}, {"start": "00:35:06", "end": "00:35:10", "text": "quantum, without quantum, there's not"}, {"start": "00:35:09", "end": "00:35:13", "text": "going to be a lot of inflow. There's"}, {"start": "00:35:10", "end": "00:35:15", "text": "going to be a big fear that Bitcoin is"}, {"start": "00:35:13", "end": "00:35:17", "text": "not quantum proof. And the people"}, {"start": "00:35:15", "end": "00:35:18", "text": "putting the money in Bitcoin, they're"}, {"start": "00:35:17", "end": "00:35:20", "text": "not going to have time. If you are a"}, {"start": "00:35:18", "end": "00:35:21", "text": "fund manager, you have time to"}, {"start": "00:35:20", "end": "00:35:22", "text": "understand the road map. No, you just"}, {"start": "00:35:21", "end": "00:35:24", "text": "know that it's not. It's not quantum"}, {"start": "00:35:22", "end": "00:35:26", "text": "proof. That's it. And some people say,"}, {"start": "00:35:24", "end": "00:35:27", "text": "but Ivan, it's going to take such a long"}, {"start": "00:35:26", "end": "00:35:29", "text": "time to get quantum. It's a pipe dream."}, {"start": "00:35:27", "end": "00:35:31", "text": "It's it's non-existent. It's going to"}, {"start": "00:35:29", "end": "00:35:33", "text": "take 10 years at least, guys, to update"}, {"start": "00:35:31", "end": "00:35:35", "text": "Bitcoin to quantum. So we don't even"}, {"start": "00:35:33", "end": "00:35:37", "text": "know how to do it now. No one knows how"}, {"start": "00:35:35", "end": "00:35:40", "text": "to do it now. No one knows how to do it."}, {"start": "00:35:37", "end": "00:35:41", "text": "So let's focus because you look at how"}, {"start": "00:35:40", "end": "00:35:44", "text": "tech develops. You look at how tech"}, {"start": "00:35:41", "end": "00:35:46", "text": "develops. Quantum is inevitable. In 10"}, {"start": "00:35:44", "end": "00:35:49", "text": "20 years it's inevitable, but it's going"}, {"start": "00:35:46", "end": "00:35:51", "text": "to take a long time to upgrade Bitcoin."}, {"start": "00:35:49", "end": "00:35:53", "text": "Another bad argument people do people"}, {"start": "00:35:51", "end": "00:35:55", "text": "make is that oh but if quantum happens"}, {"start": "00:35:53", "end": "00:35:57", "text": "then every everything is hacked. Your"}, {"start": "00:35:55", "end": "00:35:59", "text": "bank is hacked. It's not true. The bank"}, {"start": "00:35:57", "end": "00:36:02", "text": "can shut down online systems with a"}, {"start": "00:35:59", "end": "00:36:04", "text": "click of a button and everything is safe"}, {"start": "00:36:02", "end": "00:36:07", "text": "and uh then they upgrade or they by the"}, {"start": "00:36:04", "end": "00:36:10", "text": "way they already now upgrade. Cloudflare"}, {"start": "00:36:07", "end": "00:36:13", "text": "is now rolling out quantum proof infra"}, {"start": "00:36:10", "end": "00:36:15", "text": "to all their clients. Okay. uh Google is"}, {"start": "00:36:13", "end": "00:36:18", "text": "focusing a lot of on quant like internet"}, {"start": "00:36:15", "end": "00:36:19", "text": "is developing to into quantum into"}, {"start": "00:36:18", "end": "00:36:21", "text": "quantum you look here I mean cloudflare"}, {"start": "00:36:19", "end": "00:36:22", "text": "who is protecting in most websites they"}, {"start": "00:36:21", "end": "00:36:25", "text": "are they are you know full quantum full"}, {"start": "00:36:22", "end": "00:36:28", "text": "quantum cloudflare targets9 for full"}, {"start": "00:36:25", "end": "00:36:30", "text": "postquantum security is happening so to"}, {"start": "00:36:28", "end": "00:36:33", "text": "trify web 2 is going to be quantum proof"}, {"start": "00:36:30", "end": "00:36:35", "text": "basically in the coming years okay even"}, {"start": "00:36:33", "end": "00:36:37", "text": "if we start today to quantum proofing"}, {"start": "00:36:35", "end": "00:36:39", "text": "bitcoin it will not be quantum proof"}, {"start": "00:36:37", "end": "00:36:42", "text": "until 2029 like it's going to be until"}, {"start": "00:36:39", "end": "00:36:43", "text": "2035 or something like that to do all"}, {"start": "00:36:42", "end": "00:36:47", "text": "the updates, all the research, yada yada"}, {"start": "00:36:43", "end": "00:36:49", "text": "yada yada yada yada yada. So, uh,"}, {"start": "00:36:47", "end": "00:36:50", "text": "another bad argument is, uh, yeah, is"}, {"start": "00:36:49", "end": "00:36:51", "text": "that everything else is going to get"}, {"start": "00:36:50", "end": "00:36:53", "text": "hacked also. It's not true because"}, {"start": "00:36:51", "end": "00:36:55", "text": "everything else can shut down. It's a"}, {"start": "00:36:53", "end": "00:36:57", "text": "centralized system. You can shut down"}, {"start": "00:36:55", "end": "00:36:58", "text": "Bitcoin if something bad happens."}, {"start": "00:36:57", "end": "00:37:00", "text": "There's no way to shut down. It's just"}, {"start": "00:36:58", "end": "00:37:03", "text": "we every it's just going to be sitting"}, {"start": "00:37:00", "end": "00:37:05", "text": "there like a deer in the headlight and"}, {"start": "00:37:03", "end": "00:37:07", "text": "getting wrecked from all directions."}, {"start": "00:37:05", "end": "00:37:10", "text": "Okay? There's no way to to shut down"}, {"start": "00:37:07", "end": "00:37:12", "text": "emergency. We just we are just going to"}, {"start": "00:37:10", "end": "00:37:15", "text": "sit around"}, {"start": "00:37:12", "end": "00:37:18", "text": "and uh enjoy basically we will have to"}, {"start": "00:37:15", "end": "00:37:20", "text": "relax and just enjoy if you know what I"}, {"start": "00:37:18", "end": "00:37:22", "text": "mean. Okay."}, {"start": "00:37:20", "end": "00:37:26", "text": "Things are going to come at us from all"}, {"start": "00:37:22", "end": "00:37:29", "text": "directions. So uh yeah"}, {"start": "00:37:26", "end": "00:37:31", "text": "make quantum. Don't do this dumb debates"}, {"start": "00:37:29", "end": "00:37:33", "text": "about more data less data. Please don't"}, {"start": "00:37:31", "end": "00:37:37", "text": "do dumb debates about more data less"}, {"start": "00:37:33", "end": "00:37:42", "text": "data. Make quantum. Make quantum. make"}, {"start": "00:37:37", "end": "00:37:46", "text": "quantum. Okay. Now, uh going back to AI,"}, {"start": "00:37:42", "end": "00:37:51", "text": "going back to AI, uh look here, Elon"}, {"start": "00:37:46", "end": "00:37:56", "text": "Musk coming out saying that u u scam old"}, {"start": "00:37:51", "end": "00:37:58", "text": "man is scamming. He's trying he's trying"}, {"start": "00:37:56", "end": "00:38:00", "text": "to steal data from Apple, to steal"}, {"start": "00:37:58", "end": "00:38:03", "text": "hardware from Apple, hardware designs"}, {"start": "00:38:00", "end": "00:38:06", "text": "from Apple. Okay. He's calling him the"}, {"start": "00:38:03", "end": "00:38:10", "text": "scam old man. Scam old man. Where is"}, {"start": "00:38:06", "end": "00:38:12", "text": "this picture I want to show you? Because"}, {"start": "00:38:10", "end": "00:38:15", "text": "where's this picture I want to show you?"}, {"start": "00:38:12", "end": "00:38:17", "text": "We had the the the the painter, the"}, {"start": "00:38:15", "end": "00:38:20", "text": "famous painter scam old man. Scam old"}, {"start": "00:38:17", "end": "00:38:21", "text": "man. Draw the picture. Speaking of I'm"}, {"start": "00:38:20", "end": "00:38:23", "text": "just speaking about the the rotation"}, {"start": "00:38:21", "end": "00:38:25", "text": "from AI to crypto. It's going to be"}, {"start": "00:38:23", "end": "00:38:26", "text": "monumental here. Scam old man. Ble."}, {"start": "00:38:25", "end": "00:38:28", "text": "Exactly. Ble. People is doing all these"}, {"start": "00:38:26", "end": "00:38:31", "text": "pictures."}, {"start": "00:38:28", "end": "00:38:34", "text": "Scam old man. There's a bit of a debate"}, {"start": "00:38:31", "end": "00:38:37", "text": "here because um as a response to Elon's"}, {"start": "00:38:34", "end": "00:38:39", "text": "accusation of scamming,"}, {"start": "00:38:37", "end": "00:38:41", "text": "Sam Oldman comes out saying, \"Homeboy,"}, {"start": "00:38:39", "end": "00:38:44", "text": "you're the one selling public market"}, {"start": "00:38:41", "end": "00:38:47", "text": "investors on short-term space data"}, {"start": "00:38:44", "end": "00:38:48", "text": "centers.\" So Sam Oldman is fighting back"}, {"start": "00:38:47", "end": "00:38:50", "text": "saying that, \"No, Elon, you are a"}, {"start": "00:38:48", "end": "00:38:53", "text": "scammer. I'm not a scammer. You are a"}, {"start": "00:38:50", "end": "00:38:55", "text": "scammer.\" It reminds me of crypto a lot"}, {"start": "00:38:53", "end": "00:38:58", "text": "because in crypto it happens all the"}, {"start": "00:38:55", "end": "00:39:02", "text": "time. Your chain is a scam. My chain is"}, {"start": "00:38:58", "end": "00:39:04", "text": "best. ADA is a scam. XRP is best. XRP is"}, {"start": "00:39:02", "end": "00:39:06", "text": "a scam. ADA is best. Avalanche is a"}, {"start": "00:39:04", "end": "00:39:08", "text": "scam."}, {"start": "00:39:06", "end": "00:39:10", "text": "Some Fugazi L2 is it happens all the"}, {"start": "00:39:08", "end": "00:39:14", "text": "time. My chain is the best. You're a"}, {"start": "00:39:10", "end": "00:39:16", "text": "scam. You're pump and dump. Okay. So, we"}, {"start": "00:39:14", "end": "00:39:19", "text": "now see a similar thing among this"}, {"start": "00:39:16", "end": "00:39:22", "text": "trillionaires and some Alman basically"}, {"start": "00:39:19", "end": "00:39:24", "text": "saying that the the space data center"}, {"start": "00:39:22", "end": "00:39:26", "text": "it's not a it's not a real thing. the"}, {"start": "00:39:24", "end": "00:39:29", "text": "fact that Elon is scamming the public"}, {"start": "00:39:26", "end": "00:39:31", "text": "with SpaceX stock when he speaks about"}, {"start": "00:39:29", "end": "00:39:33", "text": "data center in space because that's the"}, {"start": "00:39:31", "end": "00:39:35", "text": "next big thing for SpaceX. They're going"}, {"start": "00:39:33", "end": "00:39:38", "text": "to be sending all these data centers in"}, {"start": "00:39:35", "end": "00:39:40", "text": "space. So instead of building data"}, {"start": "00:39:38", "end": "00:39:42", "text": "center in your uh uh you know in"}, {"start": "00:39:40", "end": "00:39:45", "text": "Wisconsin you you build it in space and"}, {"start": "00:39:42", "end": "00:39:48", "text": "it's it it runs there with solar power"}, {"start": "00:39:45", "end": "00:39:50", "text": "etc etc etc. So yeah, let's see what Sam"}, {"start": "00:39:48", "end": "00:39:52", "text": "Alman is saying here because he's"}, {"start": "00:39:50", "end": "00:39:55", "text": "accusing Elon Musk of defrauding"}, {"start": "00:39:52", "end": "00:39:58", "text": "investors basically. Isn't this"}, {"start": "00:39:55", "end": "00:40:02", "text": ">> with the current landscape of putting"}, {"start": "00:39:58", "end": "00:40:06", "text": "data centers in space is ridiculous?"}, {"start": "00:40:02", "end": "00:40:08", "text": "It will make sense someday."}, {"start": "00:40:06", "end": "00:40:12", "text": "But if you just do like the very rough"}, {"start": "00:40:08", "end": "00:40:14", "text": "math of launch costs relative to the"}, {"start": "00:40:12", "end": "00:40:16", "text": "cost of power we can do on Earth to say"}, {"start": "00:40:14", "end": "00:40:18", "text": "nothing of how you're going to fix a"}, {"start": "00:40:16", "end": "00:40:20", "text": "broken GPU in space and they do break a"}, {"start": "00:40:18", "end": "00:40:23", "text": "lot still unfortunately. We are not"}, {"start": "00:40:20", "end": "00:40:25", "text": "there yet. There will come a time space"}, {"start": "00:40:23", "end": "00:40:27", "text": "is great for a lot of things. Orbital"}, {"start": "00:40:25", "end": "00:40:29", "text": "data centers are not something that's"}, {"start": "00:40:27", "end": "00:40:31", "text": "going to matter at scale this decade. I"}, {"start": "00:40:29", "end": "00:40:34", "text": "honestly think the idea,"}, {"start": "00:40:31", "end": "00:40:36", "text": ">> let's see, Elon Musk coming back saying,"}, {"start": "00:40:34", "end": "00:40:38", "text": "\"We start flying them next year. Maybe"}, {"start": "00:40:36", "end": "00:40:41", "text": "you can come see them if your parole"}, {"start": "00:40:38", "end": "00:40:41", "text": "officer approved.\""}, {"start": "00:40:45", "end": "00:40:52", "text": "After stealing an open source AI"}, {"start": "00:40:48", "end": "00:40:55", "text": "charity, you then stole all of Apple's"}, {"start": "00:40:52", "end": "00:40:58", "text": "phone technology. Wow."}, {"start": "00:40:55", "end": "00:41:00", "text": "What do you plan for an Encore? That's"}, {"start": "00:40:58", "end": "00:41:03", "text": "tough to beat. What's enchor? It's like"}, {"start": "00:41:00", "end": "00:41:05", "text": "the the final blowoff top, the final act"}, {"start": "00:41:03", "end": "00:41:08", "text": "or what is what is anchor, guys? Teach"}, {"start": "00:41:05", "end": "00:41:11", "text": "teach me English"}, {"start": "00:41:08", "end": "00:41:12", "text": "if your parole officer. Fantastic."}, {"start": "00:41:11", "end": "00:41:14", "text": "Fantastic. Yeah. What's happening, guys?"}, {"start": "00:41:12", "end": "00:41:17", "text": "What's happening? That's why Twitter's"}, {"start": "00:41:14", "end": "00:41:20", "text": "so so good, man. So good. Encore."}, {"start": "00:41:17", "end": "00:41:21", "text": "Encore. It says enchor, man. In English,"}, {"start": "00:41:20", "end": "00:41:25", "text": "if you write with E, I'm going to read"}, {"start": "00:41:21", "end": "00:41:28", "text": "with E. Enor. It says anor. Okay. If you"}, {"start": "00:41:25", "end": "00:41:31", "text": "want encore, write all. No complaining"}, {"start": "00:41:28", "end": "00:41:33", "text": "here. It's Anchor. Anchor. Anyway, so"}, {"start": "00:41:31", "end": "00:41:34", "text": "that's that with the with the latest"}, {"start": "00:41:33", "end": "00:41:35", "text": "drama here. Let's see what's gonna"}, {"start": "00:41:34", "end": "00:41:37", "text": "happen. Big shout out to Sam. Big shout"}, {"start": "00:41:35", "end": "00:41:39", "text": "to Elon."}, {"start": "00:41:37", "end": "00:41:40", "text": "Let's see. But I mean, there is"}, {"start": "00:41:39", "end": "00:41:43", "text": "something with Sam, you know, the first"}, {"start": "00:41:40", "end": "00:41:47", "text": "time, guys. The first time I really"}, {"start": "00:41:43", "end": "00:41:49", "text": "started to mistrust Sam is when he said"}, {"start": "00:41:47", "end": "00:41:51", "text": "that he doesn't want money. Man, you're"}, {"start": "00:41:49", "end": "00:41:52", "text": "a dude. You don't want money. Really?"}, {"start": "00:41:51", "end": "00:41:54", "text": "You don't want You just do because you"}, {"start": "00:41:52", "end": "00:41:56", "text": "love it. You don't You don't want money."}, {"start": "00:41:54", "end": "00:41:58", "text": "You remember that Senate hearing where"}, {"start": "00:41:56", "end": "00:42:03", "text": "he had"}, {"start": "00:41:58", "end": "00:42:06", "text": "to answer if he makes money from AI or"}, {"start": "00:42:03", "end": "00:42:08", "text": "uh because I or not and he said I I do"}, {"start": "00:42:06", "end": "00:42:10", "text": "because I love it. I never trust a"}, {"start": "00:42:08", "end": "00:42:12", "text": "person that says so. It started with"}, {"start": "00:42:10", "end": "00:42:16", "text": "some bankman already where he was the"}, {"start": "00:42:12", "end": "00:42:18", "text": "altruist man. Ult my ass. Listen,"}, {"start": "00:42:16", "end": "00:42:19", "text": "it's human nature. What do you mean? You"}, {"start": "00:42:18", "end": "00:42:21", "text": "don't need money. You know, you really"}, {"start": "00:42:19", "end": "00:42:25", "text": "don't. And then people see some old man"}, {"start": "00:42:21", "end": "00:42:26", "text": "u going in some Bugatti $5 million car"}, {"start": "00:42:25", "end": "00:42:28", "text": "and he's like, \"No, I do it because I"}, {"start": "00:42:26", "end": "00:42:30", "text": "love it.\" Nah, get out of here. Get out"}, {"start": "00:42:28", "end": "00:42:32", "text": "of here. I would way rather would way"}, {"start": "00:42:30", "end": "00:42:34", "text": "rather have a dude tell me, \"Listen, I'm"}, {"start": "00:42:32", "end": "00:42:37", "text": "here to to make big profit.\" Okay, I'm"}, {"start": "00:42:34", "end": "00:42:38", "text": "uh I mean I'm you I myself I love the"}, {"start": "00:42:37", "end": "00:42:40", "text": "I'm all about my book is called Big"}, {"start": "00:42:38", "end": "00:42:42", "text": "Profits. Okay, I would rather have"}, {"start": "00:42:40", "end": "00:42:43", "text": "people tell me I want big profit. Here's"}, {"start": "00:42:42", "end": "00:42:45", "text": "how we're going to do it. Here's my cut."}, {"start": "00:42:43", "end": "00:42:47", "text": "Here's your cut. Boom, boom, boom. Fair"}, {"start": "00:42:45", "end": "00:42:49", "text": "and square. That That's way better. But"}, {"start": "00:42:47", "end": "00:42:51", "text": "no, I do it because get out of here. Get"}, {"start": "00:42:49", "end": "00:42:54", "text": "out of here. And I don't know, something"}, {"start": "00:42:51", "end": "00:42:57", "text": "about how he speaks. He's he's, you"}, {"start": "00:42:54", "end": "00:42:59", "text": "know, he's he's, you know, smiling."}, {"start": "00:42:57", "end": "00:43:01", "text": "There's something with the guy, guys."}, {"start": "00:42:59", "end": "00:43:03", "text": "There's something with the guy I cannot"}, {"start": "00:43:01", "end": "00:43:06", "text": "put my uh finger on. There's something"}, {"start": "00:43:03", "end": "00:43:08", "text": "with the guy how he's so eloquent. I"}, {"start": "00:43:06", "end": "00:43:10", "text": "mean, you see it's a mask. You see it's"}, {"start": "00:43:08", "end": "00:43:11", "text": "a mask. You see it's a big mask. Like,"}, {"start": "00:43:10", "end": "00:43:14", "text": "what is it? Do you have behavior"}, {"start": "00:43:11", "end": "00:43:15", "text": "psychologist in the chat?"}, {"start": "00:43:14", "end": "00:43:18", "text": "Let me find this. Where is he? Where is"}, {"start": "00:43:15", "end": "00:43:20", "text": "he speaking about it? Like something he"}, {"start": "00:43:18", "end": "00:43:24", "text": "needs to maybe get a PR person to change"}, {"start": "00:43:20", "end": "00:43:26", "text": "the mask. It's like Mark Zuckerberg"}, {"start": "00:43:24", "end": "00:43:28", "text": "before he started to work out. He he"}, {"start": "00:43:26", "end": "00:43:30", "text": "barely knew how to drink water. You"}, {"start": "00:43:28", "end": "00:43:33", "text": "remember Mark Zuckerberg? He was trying"}, {"start": "00:43:30", "end": "00:43:35", "text": "to figure out there on"}, {"start": "00:43:33", "end": "00:43:38", "text": "live on stage like on the this"}, {"start": "00:43:35", "end": "00:43:38", "text": "conversation. He was like"}, {"start": "00:43:39", "end": "00:43:44", "text": "yeah he barely the guy barely knew how"}, {"start": "00:43:41", "end": "00:43:47", "text": "to drink water publicly in the public"}, {"start": "00:43:44", "end": "00:43:49", "text": "setting. Okay. So, yeah. Uh let's see"}, {"start": "00:43:47", "end": "00:43:52", "text": "what's going to happen, guys. Uh it"}, {"start": "00:43:49", "end": "00:43:55", "text": "wouldn't surprise me that uh some old"}, {"start": "00:43:52", "end": "00:43:57", "text": "man is scamming trying to steal Apple's"}, {"start": "00:43:55", "end": "00:44:00", "text": "tech. Wouldn't surprise me at all. But"}, {"start": "00:43:57", "end": "00:44:04", "text": "also, guys, it wouldn't surprise me"}, {"start": "00:44:00", "end": "00:44:05", "text": "if Elon will not get data center in"}, {"start": "00:44:04", "end": "00:44:07", "text": "space next year either. It wouldn't"}, {"start": "00:44:05", "end": "00:44:09", "text": "surprise me because Elon has a long"}, {"start": "00:44:07", "end": "00:44:12", "text": "history of doing that. I remember in"}, {"start": "00:44:09", "end": "00:44:14", "text": "2017, I was watching Elon. He said"}, {"start": "00:44:12", "end": "00:44:16", "text": "self-driving next year. like, \"Wow, what"}, {"start": "00:44:14", "end": "00:44:17", "text": "the hell? Self-driving next year? What"}, {"start": "00:44:16", "end": "00:44:19", "text": "do you mean?\" You remember when they"}, {"start": "00:44:17", "end": "00:44:22", "text": "announced self-driving? It was like"}, {"start": "00:44:19", "end": "00:44:24", "text": "decade ago."}, {"start": "00:44:22", "end": "00:44:26", "text": "He said there's going to be robo taxi"}, {"start": "00:44:24", "end": "00:44:30", "text": "next year."}, {"start": "00:44:26", "end": "00:44:33", "text": "Like, wow. Next year? That's crazy, man."}, {"start": "00:44:30", "end": "00:44:35", "text": "That's crazy, man. That's crazy. Uh, so"}, {"start": "00:44:33", "end": "00:44:37", "text": "yeah, then it took like 10 years. Like,"}, {"start": "00:44:35", "end": "00:44:39", "text": "no, he delivers. He delivers like Elon,"}, {"start": "00:44:37", "end": "00:44:41", "text": "he will deliver. Just the timeline. the"}, {"start": "00:44:39", "end": "00:44:44", "text": "timeline. He says next year likely is"}, {"start": "00:44:41", "end": "00:44:46", "text": "going to be 2032. I think the with data"}, {"start": "00:44:44", "end": "00:44:49", "text": "center is going to be 2032. I don't"}, {"start": "00:44:46", "end": "00:44:51", "text": "think it's next year. So I actually cut"}, {"start": "00:44:49", "end": "00:44:53", "text": "through the BS on both fronts, guys. I"}, {"start": "00:44:51", "end": "00:44:55", "text": "mean that's I have the best BS cutter in"}, {"start": "00:44:53", "end": "00:44:57", "text": "in you know all of crypto probably"}, {"start": "00:44:55", "end": "00:44:59", "text": "because I I I know I mean I know this I"}, {"start": "00:44:57", "end": "00:45:04", "text": "know this. Now guys look here some BS"}, {"start": "00:44:59", "end": "00:45:06", "text": "from Germany. Germany's 2027"}, {"start": "00:45:04", "end": "00:45:08", "text": "budget targets the crypto tax exemption."}, {"start": "00:45:06", "end": "00:45:11", "text": "Yes, if you are from Germany, be very"}, {"start": "00:45:08", "end": "00:45:12", "text": "careful. Be very careful. You know, now"}, {"start": "00:45:11", "end": "00:45:14", "text": "there they had this rule for a long time"}, {"start": "00:45:12", "end": "00:45:16", "text": "that if you hold Bitcoin over a year or"}, {"start": "00:45:14", "end": "00:45:19", "text": "you hold crypto over a year, there's no"}, {"start": "00:45:16", "end": "00:45:21", "text": "tax. Well, of course, for many reasons"}, {"start": "00:45:19", "end": "00:45:24", "text": "that we will not be naming because we"}, {"start": "00:45:21", "end": "00:45:26", "text": "are an a-olitical channel. Whether"}, {"start": "00:45:24", "end": "00:45:28", "text": "you're left or right, you love all of"}, {"start": "00:45:26", "end": "00:45:30", "text": "the things that are happening, you don't"}, {"start": "00:45:28", "end": "00:45:32", "text": "love them. You're welcome here. You are"}, {"start": "00:45:30", "end": "00:45:34", "text": "anywhere you are in left or right or"}, {"start": "00:45:32", "end": "00:45:37", "text": "this galan progressive retardio like"}, {"start": "00:45:34", "end": "00:45:39", "text": "where you are of the conservative"}, {"start": "00:45:37", "end": "00:45:42", "text": "progressive you are you are welcome"}, {"start": "00:45:39", "end": "00:45:44", "text": "you're welcome so we're apolitical"}, {"start": "00:45:42", "end": "00:45:47", "text": "apolitical you want high tax you want"}, {"start": "00:45:44", "end": "00:45:50", "text": "confiscation you want uh communism okay"}, {"start": "00:45:47", "end": "00:45:52", "text": "good good uh let's see here what's"}, {"start": "00:45:50", "end": "00:45:55", "text": "happening if you are in crypto though"}, {"start": "00:45:52", "end": "00:45:59", "text": "this affects you directly because you"}, {"start": "00:45:55", "end": "00:46:01", "text": "will likely get fleeced your money is"}, {"start": "00:45:59", "end": "00:46:03", "text": "going going to be taken. Whatever you"}, {"start": "00:46:01", "end": "00:46:05", "text": "think the political side of it, I'm just"}, {"start": "00:46:03", "end": "00:46:07", "text": "stating the fact. The cabinet approved"}, {"start": "00:46:05", "end": "00:46:11", "text": "the key figures for 2027 budget. The"}, {"start": "00:46:07", "end": "00:46:13", "text": "ministry set a spending uh frame of 543"}, {"start": "00:46:11", "end": "00:46:15", "text": "billion. You know, a lot of money is"}, {"start": "00:46:13", "end": "00:46:17", "text": "going to go. You know exactly where"}, {"start": "00:46:15", "end": "00:46:19", "text": "consolidation carries much of the load."}, {"start": "00:46:17", "end": "00:46:22", "text": "The coalition agreed on structural"}, {"start": "00:46:19", "end": "00:46:24", "text": "savings roughly 4 billion per year. And"}, {"start": "00:46:22", "end": "00:46:26", "text": "there's going to be more tax. The"}, {"start": "00:46:24", "end": "00:46:28", "text": "package includes new plastic and sugar"}, {"start": "00:46:26", "end": "00:46:30", "text": "levies, higher alcohol and tobacco"}, {"start": "00:46:28", "end": "00:46:33", "text": "taxes. Man, how how much more tax in"}, {"start": "00:46:30", "end": "00:46:34", "text": "Germany, guys? You you you have so you"}, {"start": "00:46:33", "end": "00:46:36", "text": "you can have more. I mean, maybe you"}, {"start": "00:46:34", "end": "00:46:38", "text": "like it. You like tax. Well, you're"}, {"start": "00:46:36", "end": "00:46:39", "text": "going to have more. You vote for this."}, {"start": "00:46:38", "end": "00:46:42", "text": "You're going to have more of it. A"}, {"start": "00:46:39", "end": "00:46:45", "text": "tougher fight against the tax crime"}, {"start": "00:46:42", "end": "00:46:45", "text": "guys."}, {"start": "00:46:45", "end": "00:46:52", "text": "Oh, the onchain is going to be monitored"}, {"start": "00:46:49", "end": "00:46:55", "text": "even harder now. and the change to how"}, {"start": "00:46:52", "end": "00:46:57", "text": "cryptocurrencies are taxed. So, German"}, {"start": "00:46:55", "end": "00:46:59", "text": "law treats crypto as a private asset and"}, {"start": "00:46:57", "end": "00:47:01", "text": "you're going to have uh the change of it"}, {"start": "00:46:59", "end": "00:47:04", "text": "in futures, capital gains should be"}, {"start": "00:47:01", "end": "00:47:06", "text": "taxed uniformly regardless of holding"}, {"start": "00:47:04", "end": "00:47:07", "text": "period. That that's good. That's you got"}, {"start": "00:47:06", "end": "00:47:08", "text": "to redistribute. You got to redistribute"}, {"start": "00:47:07", "end": "00:47:09", "text": "these crypto guys, they think they're"}, {"start": "00:47:08", "end": "00:47:12", "text": "rich or something. They think that"}, {"start": "00:47:09", "end": "00:47:14", "text": "they're special. Think they're special."}, {"start": "00:47:12", "end": "00:47:17", "text": "You got to be solidaric. You got to be"}, {"start": "00:47:14", "end": "00:47:18", "text": "sharing the money. I mean, that's what"}, {"start": "00:47:17", "end": "00:47:20", "text": "people voted for. So, good for them, I"}, {"start": "00:47:18", "end": "00:47:22", "text": "guess."}, {"start": "00:47:20", "end": "00:47:26", "text": "Germany, big shout out. Big shout out."}, {"start": "00:47:22", "end": "00:47:28", "text": "Max solidarity, max redistribution."}, {"start": "00:47:26", "end": "00:47:31", "text": "Fantastic. Fantastic. Fantastic. Guys,"}, {"start": "00:47:28", "end": "00:47:33", "text": "let's go to Q&A question, answers,"}, {"start": "00:47:31", "end": "00:47:35", "text": "debates, discussion."}, {"start": "00:47:33", "end": "00:47:38", "text": "Big shout out to Dub for time. That's"}, {"start": "00:47:35", "end": "00:47:40", "text": "good. And yeah, let's go to Q&A."}, {"start": "00:47:38", "end": "00:47:42", "text": "Questions, answers, debates. It's a bit"}, {"start": "00:47:40", "end": "00:47:44", "text": "less news today because it's Monday. It"}, {"start": "00:47:42", "end": "00:47:45", "text": "was a bit slow weekend. Nothing too much"}, {"start": "00:47:44", "end": "00:47:47", "text": "has happened. So, we actually have time"}, {"start": "00:47:45", "end": "00:47:48", "text": "with Q&A. Last week was crazy. Last"}, {"start": "00:47:47", "end": "00:47:52", "text": "week, we had so many news. There was no"}, {"start": "00:47:48", "end": "00:47:52", "text": "time for Q&A."}, {"start": "00:47:59", "end": "00:48:03", "text": "Okay, let's go."}, {"start": "00:48:06", "end": "00:48:09", "text": "European Parliament approved creation of"}, {"start": "00:48:07", "end": "00:48:10", "text": "digital euro. How does this affect"}, {"start": "00:48:09", "end": "00:48:12", "text": "cryptocurrency? It doesn't affect at"}, {"start": "00:48:10", "end": "00:48:14", "text": "all. There there is it's no effect. It's"}, {"start": "00:48:12", "end": "00:48:16", "text": "not competition. It's not uh it's not"}, {"start": "00:48:14", "end": "00:48:18", "text": "it's nothing. I mean people compare"}, {"start": "00:48:16", "end": "00:48:20", "text": "digital euro or digital fiat to crypto"}, {"start": "00:48:18", "end": "00:48:23", "text": "it's like two different things two"}, {"start": "00:48:20", "end": "00:48:26", "text": "different things it's uh should I repeat"}, {"start": "00:48:23", "end": "00:48:28", "text": "the basics or let me repeat the basics"}, {"start": "00:48:26", "end": "00:48:30", "text": "but you have digital euro what happens"}, {"start": "00:48:28", "end": "00:48:31", "text": "uh you can have a wallet from the"}, {"start": "00:48:30", "end": "00:48:33", "text": "government and you have your euro there"}, {"start": "00:48:31", "end": "00:48:37", "text": "okay good is it comparable to bitcoin"}, {"start": "00:48:33", "end": "00:48:39", "text": "now bitcoin no one can take it worldwide"}, {"start": "00:48:37", "end": "00:48:41", "text": "you store your money in a seed phrase"}, {"start": "00:48:39", "end": "00:48:43", "text": "it's self custodial yada yada yada you"}, {"start": "00:48:41", "end": "00:48:44", "text": "go international you go to any country"}, {"start": "00:48:43", "end": "00:48:46", "text": "they will take your bitcoin digitally"}, {"start": "00:48:44", "end": "00:48:49", "text": "Euro government doesn't like you,"}, {"start": "00:48:46", "end": "00:48:51", "text": "freeze. Uh, you say something bad"}, {"start": "00:48:49", "end": "00:48:53", "text": "online, freeze. You do anything bad,"}, {"start": "00:48:51", "end": "00:48:55", "text": "freeze. You do anything good also,"}, {"start": "00:48:53", "end": "00:48:57", "text": "freeze because they think it's bad,"}, {"start": "00:48:55", "end": "00:48:59", "text": "freeze. It's easy. You eat probably in"}, {"start": "00:48:57", "end": "00:49:02", "text": "the future, you eat too much meat,"}, {"start": "00:48:59", "end": "00:49:05", "text": "freeze because you should eat the bug."}, {"start": "00:49:02", "end": "00:49:08", "text": "You take too much plane, freeze. You"}, {"start": "00:49:05", "end": "00:49:10", "text": "should not take plane."}, {"start": "00:49:08", "end": "00:49:12", "text": "Some other people going to take plane."}, {"start": "00:49:10", "end": "00:49:13", "text": "Private plane. You You're not going to"}, {"start": "00:49:12", "end": "00:49:15", "text": "take plane. You're not going to take"}, {"start": "00:49:13", "end": "00:49:18", "text": "Ryan Air with"}, {"start": "00:49:15", "end": "00:49:19", "text": "economy. You're destroying the climate."}, {"start": "00:49:18", "end": "00:49:21", "text": "What you mean? You're going to take Ryan"}, {"start": "00:49:19", "end": "00:49:25", "text": "Air economy, destroy climate. No, you're"}, {"start": "00:49:21", "end": "00:49:28", "text": "not going to take it, please. So,"}, {"start": "00:49:25", "end": "00:49:30", "text": "yeah, it's"}, {"start": "00:49:28", "end": "00:49:33", "text": "there's no comparison. What was what's"}, {"start": "00:49:30", "end": "00:49:33", "text": "the comparison?"}, {"start": "00:49:34", "end": "00:49:38", "text": "Yo, Dab, why do you hold CR responsible"}, {"start": "00:49:36", "end": "00:49:41", "text": "who has no right access to Bitcoin code"}, {"start": "00:49:38", "end": "00:49:43", "text": "and not the six devs? I think the whole"}, {"start": "00:49:41", "end": "00:49:44", "text": "discussion is [�__�] So I'm not"}, {"start": "00:49:43", "end": "00:49:46", "text": "holding anyone accountable. I think they"}, {"start": "00:49:44", "end": "00:49:49", "text": "should do quantum. I'm not part of it."}, {"start": "00:49:46", "end": "00:49:51", "text": "It's like, you know, you see development"}, {"start": "00:49:49", "end": "00:49:53", "text": "class like two two guys, they're in"}, {"start": "00:49:51", "end": "00:49:55", "text": "special development. They're fighting."}, {"start": "00:49:53", "end": "00:49:58", "text": "They're like I'm not holding anyone, you"}, {"start": "00:49:55", "end": "00:50:00", "text": "know. It's they should do quantum. If"}, {"start": "00:49:58", "end": "00:50:02", "text": "they don't do quantum, it's it's bad"}, {"start": "00:50:00", "end": "00:50:05", "text": "focus. Bad focus. They I don't know what"}, {"start": "00:50:02", "end": "00:50:07", "text": "they'll do. I'm not involved. I'm just"}, {"start": "00:50:05", "end": "00:50:09", "text": "I'm covering to you both stories. I'm"}, {"start": "00:50:07", "end": "00:50:12", "text": "covering to you both sides. I told you I"}, {"start": "00:50:09", "end": "00:50:14", "text": "don't want the uh core devs to change"}, {"start": "00:50:12", "end": "00:50:17", "text": "anything"}, {"start": "00:50:14", "end": "00:50:20", "text": "and uh there's this reaction. I have no"}, {"start": "00:50:17", "end": "00:50:22", "text": "side in it. I don't care. I think they"}, {"start": "00:50:20", "end": "00:50:25", "text": "should focus the quantum."}, {"start": "00:50:22", "end": "00:50:26", "text": "Whatever happens, I mean, you will see"}, {"start": "00:50:25", "end": "00:50:29", "text": "Bitcoin there's going to be no change in"}, {"start": "00:50:26", "end": "00:50:31", "text": "Bitcoin. It's so dramatic. Oh, no. If"}, {"start": "00:50:29", "end": "00:50:33", "text": "they add more data, it means that"}, {"start": "00:50:31", "end": "00:50:37", "text": "Bitcoin is No, it's it doesn't mean that"}, {"start": "00:50:33", "end": "00:50:39", "text": "because this was the same FUD with um"}, {"start": "00:50:37", "end": "00:50:41", "text": "with uh you remember Bcash and SegWit."}, {"start": "00:50:39", "end": "00:50:44", "text": "Bcash said, \"Oh, no. SegWit is going to"}, {"start": "00:50:41", "end": "00:50:46", "text": "capture Bitcoin.\" No, no, no. SegWit did"}, {"start": "00:50:44", "end": "00:50:49", "text": "allow more data. This, you know, virtual"}, {"start": "00:50:46", "end": "00:50:50", "text": "block size, etc. Did it capture Bitcoin?"}, {"start": "00:50:49", "end": "00:50:52", "text": "I don't know what you know, the"}, {"start": "00:50:50", "end": "00:50:53", "text": "discussions are dumb. They they"}, {"start": "00:50:52", "end": "00:50:54", "text": "shouldn't be discussing that. They"}, {"start": "00:50:53", "end": "00:50:56", "text": "should be discussing quantum. Now,"}, {"start": "00:50:54", "end": "00:50:58", "text": "ideally, I would wish that they didn't"}, {"start": "00:50:56", "end": "00:51:00", "text": "mess with Bitcoin. It's good as don't"}, {"start": "00:50:58", "end": "00:51:01", "text": "touch it. Don't change it except"}, {"start": "00:51:00", "end": "00:51:03", "text": "quantum. Don't increase data. Don't"}, {"start": "00:51:01", "end": "00:51:05", "text": "decrease data. Just do quantum. Do"}, {"start": "00:51:03", "end": "00:51:07", "text": "quantum. I'm a single issue voter with"}, {"start": "00:51:05", "end": "00:51:10", "text": "Bitcoin. It's quantum. Quantum. Quantum."}, {"start": "00:51:07", "end": "00:51:10", "text": "Quantum."}, {"start": "00:51:15", "end": "00:51:19", "text": "Politicians taking private plane. But"}, {"start": "00:51:17", "end": "00:51:21", "text": "but my bottle caps are the problem."}, {"start": "00:51:19", "end": "00:51:23", "text": "Exactly. Why? Because they do important"}, {"start": "00:51:21", "end": "00:51:25", "text": "meetings and important decisions on"}, {"start": "00:51:23", "end": "00:51:27", "text": "those meetings. They do important"}, {"start": "00:51:25", "end": "00:51:30", "text": "memorandum and important documents. They"}, {"start": "00:51:27", "end": "00:51:32", "text": "sign very important documents and you"}, {"start": "00:51:30", "end": "00:51:35", "text": "are pleba. You're doing not important"}, {"start": "00:51:32", "end": "00:51:37", "text": "things. So they restrict you and they"}, {"start": "00:51:35", "end": "00:51:39", "text": "can fly private. That's how it should"}, {"start": "00:51:37", "end": "00:51:42", "text": "be."}, {"start": "00:51:39", "end": "00:51:44", "text": "Let them eat cake. That's how it should"}, {"start": "00:51:42", "end": "00:51:46", "text": "be. Exactly."}, {"start": "00:51:44", "end": "00:51:48", "text": "But guys, we're apolitical. So let's uh"}, {"start": "00:51:46", "end": "00:51:52", "text": "let's not let's not let's get back to"}, {"start": "00:51:48", "end": "00:51:55", "text": "crypto. We're apolitical."}, {"start": "00:51:52", "end": "00:51:58", "text": "Uh so we just state what's happening."}, {"start": "00:51:55", "end": "00:52:01", "text": "When will my avax moon? I bought at 32."}, {"start": "00:51:58", "end": "00:52:04", "text": "Oh yo yo yo yo yo yo yo. Yeah, you'll"}, {"start": "00:52:01", "end": "00:52:05", "text": "have to wait. You'll have to wait. It's"}, {"start": "00:52:04", "end": "00:52:08", "text": "It didn't even have too much of a"}, {"start": "00:52:05", "end": "00:52:09", "text": "sideways. So it can take number one."}, {"start": "00:52:08", "end": "00:52:15", "text": "It's not a guarantee that it's going to"}, {"start": "00:52:09", "end": "00:52:18", "text": "come back. It's not a guarantee, but uh"}, {"start": "00:52:15", "end": "00:52:19", "text": "yeah, it's u"}, {"start": "00:52:18", "end": "00:52:24", "text": "maybe it's going to come back. I don't"}, {"start": "00:52:19", "end": "00:52:26", "text": "know. It's hard to say"}, {"start": "00:52:24", "end": "00:52:27", "text": "here. You see, we're going to see when"}, {"start": "00:52:26", "end": "00:52:29", "text": "it's bull. Hopefully, it does something"}, {"start": "00:52:27", "end": "00:52:31", "text": "like this. For your sake, I hope it does"}, {"start": "00:52:29", "end": "00:52:34", "text": "something like this at some point. Not"}, {"start": "00:52:31", "end": "00:52:34", "text": "yet. Not yet. Not yet."}, {"start": "00:52:37", "end": "00:52:44", "text": "What's your opinion on Monad? No special"}, {"start": "00:52:40", "end": "00:52:46", "text": "opinion. Um, faster chain, faster ETH,"}, {"start": "00:52:44", "end": "00:52:48", "text": "bad chart. Currently, no special"}, {"start": "00:52:46", "end": "00:52:50", "text": "opinion. If they start doing a nice"}, {"start": "00:52:48", "end": "00:52:52", "text": "chart, I will have an opinion. Now it's"}, {"start": "00:52:50", "end": "00:52:54", "text": "uh"}, {"start": "00:52:52", "end": "00:52:56", "text": "they had a they're almost bare. Yeah,"}, {"start": "00:52:54", "end": "00:53:00", "text": "they had a kind of you know fake out"}, {"start": "00:52:56", "end": "00:53:00", "text": "here and then dropped"}, {"start": "00:53:00", "end": "00:53:05", "text": "if they get above 0.35. But I'll have an"}, {"start": "00:53:02", "end": "00:53:07", "text": "opinion now. It's um it's bad amuse"}, {"start": "00:53:05", "end": "00:53:09", "text": "yourself. It's bad tech. No one cares"}, {"start": "00:53:07", "end": "00:53:10", "text": "about tech fast e there is Robin Hood"}, {"start": "00:53:09", "end": "00:53:14", "text": "chain. There's directly competing with"}, {"start": "00:53:10", "end": "00:53:16", "text": "them which is also fast. Um so yeah"}, {"start": "00:53:14", "end": "00:53:19", "text": "what's the point? It's it needs to pump."}, {"start": "00:53:16", "end": "00:53:22", "text": "That's the thing. needs to pump tech. No"}, {"start": "00:53:19", "end": "00:53:24", "text": "one cares. There's bass. There's all"}, {"start": "00:53:22", "end": "00:53:26", "text": "kinds of EVM chains now that are fast."}, {"start": "00:53:24", "end": "00:53:28", "text": "You need to have the chart. If the team"}, {"start": "00:53:26", "end": "00:53:31", "text": "cannot deliver the chart, uh we cannot"}, {"start": "00:53:28", "end": "00:53:31", "text": "do anything."}, {"start": "00:53:33", "end": "00:53:36", "text": "They released too many chains. Last"}, {"start": "00:53:35", "end": "00:53:38", "text": "bull."}, {"start": "00:53:36", "end": "00:53:39", "text": "Yeah. So, all of them can. By"}, {"start": "00:53:38", "end": "00:53:41", "text": "definition, all of them cannot get back."}, {"start": "00:53:39", "end": "00:53:42", "text": "Some of them will get back, some of them"}, {"start": "00:53:41", "end": "00:53:45", "text": "will not. It's impossible to know. So,"}, {"start": "00:53:42", "end": "00:53:49", "text": "we'll just have to see when it happens,"}, {"start": "00:53:45", "end": "00:53:49", "text": "when the bull trends happen."}, {"start": "00:53:51", "end": "00:53:55", "text": "What's your opinion on Knight, ADA,"}, {"start": "00:53:53", "end": "00:53:58", "text": "native coin? The same is there, guys."}, {"start": "00:53:55", "end": "00:54:02", "text": "Don't worry too much about uh uh Knight"}, {"start": "00:53:58", "end": "00:54:03", "text": "or ADA. Uh you say, you know, what's"}, {"start": "00:54:02", "end": "00:54:05", "text": "what's your program? Like, no one is"}, {"start": "00:54:03", "end": "00:54:08", "text": "using it. No one is using the the coin"}, {"start": "00:54:05", "end": "00:54:09", "text": "is bearish. Don't worry too much. You"}, {"start": "00:54:08", "end": "00:54:11", "text": "you focus on the wrong things. You want"}, {"start": "00:54:09", "end": "00:54:13", "text": "me to say, oh, it's great tech. Maybe it"}, {"start": "00:54:11", "end": "00:54:15", "text": "is great tech. I only check tech if it's"}, {"start": "00:54:13", "end": "00:54:18", "text": "bullish. If the chart is bull, I'm going"}, {"start": "00:54:15", "end": "00:54:20", "text": "to check tech because checking all of"}, {"start": "00:54:18", "end": "00:54:23", "text": "the texts that they print out of thin"}, {"start": "00:54:20", "end": "00:54:25", "text": "air just to be be able just have a"}, {"start": "00:54:23", "end": "00:54:27", "text": "reason to do a coin. Mine, you would"}, {"start": "00:54:25", "end": "00:54:29", "text": "waste so much time. Tech is not a is not"}, {"start": "00:54:27", "end": "00:54:31", "text": "a mode. Like everyone has good tech."}, {"start": "00:54:29", "end": "00:54:34", "text": "Everyone has good tech. Tech is not a"}, {"start": "00:54:31", "end": "00:54:36", "text": "mode. So I don't check tech if the chart"}, {"start": "00:54:34", "end": "00:54:38", "text": "is is bearish. There is a waste of time."}, {"start": "00:54:36", "end": "00:54:39", "text": "Should the chart go bullish? Okay, let's"}, {"start": "00:54:38", "end": "00:54:42", "text": "check. Let's see what's happening. Let's"}, {"start": "00:54:39", "end": "00:54:44", "text": "see if this can sustain and so on so"}, {"start": "00:54:42", "end": "00:54:46", "text": "forth. Don't worry about tech. Worry"}, {"start": "00:54:44", "end": "00:54:47", "text": "about the chart. Chart first. Tech you"}, {"start": "00:54:46", "end": "00:54:49", "text": "can check later. I'm telling you that as"}, {"start": "00:54:47", "end": "00:54:51", "text": "an engineer"}, {"start": "00:54:49", "end": "00:54:54", "text": "and someone who lost a lot of money"}, {"start": "00:54:51", "end": "00:54:59", "text": "being super tech focused since 2013 when"}, {"start": "00:54:54", "end": "00:55:01", "text": "I entered crypto. So yeah, be careful"}, {"start": "00:54:59", "end": "00:55:03", "text": "with tech. Don't worry about it. Do you"}, {"start": "00:55:01", "end": "00:55:05", "text": "use it? I haven't seen anyone use"}, {"start": "00:55:03", "end": "00:55:09", "text": "another thing. Okay. Do you use this"}, {"start": "00:55:05", "end": "00:55:12", "text": "night night ada night sound using it?"}, {"start": "00:55:09", "end": "00:55:13", "text": "No, no one's using it. Exactly. No one's"}, {"start": "00:55:12", "end": "00:55:15", "text": "Do you use it? I I haven't seen anyone"}, {"start": "00:55:13", "end": "00:55:17", "text": "use."}, {"start": "00:55:15", "end": "00:55:20", "text": "Um, so by the way guys, if you are in"}, {"start": "00:55:17", "end": "00:55:22", "text": "ADA, are you now in Discord or are you"}, {"start": "00:55:20", "end": "00:55:24", "text": "in Twitter? Because Charles had six"}, {"start": "00:55:22", "end": "00:55:26", "text": "hours"}, {"start": "00:55:24", "end": "00:55:28", "text": "serious"}, {"start": "00:55:26", "end": "00:55:30", "text": "uh how they're moving to Discord, but"}, {"start": "00:55:28", "end": "00:55:32", "text": "now he's back in Twitter. Someone asked"}, {"start": "00:55:30", "end": "00:55:34", "text": "about Superarmm. So yeah, Superarm is on"}, {"start": "00:55:32", "end": "00:55:38", "text": "the chart. Not Not good. Not good, guys."}, {"start": "00:55:34", "end": "00:55:40", "text": "Not good. Not good. Very bad."}, {"start": "00:55:38", "end": "00:55:43", "text": "I mean, we have to see what it is. Big"}, {"start": "00:55:40", "end": "00:55:46", "text": "shout out to Elio. We love Elio, but uh"}, {"start": "00:55:43", "end": "00:55:49", "text": "since January 2025, it's down. It's -"}, {"start": "00:55:46", "end": "00:55:50", "text": "92% since the bare flip on the on the"}, {"start": "00:55:49", "end": "00:55:53", "text": "weekly."}, {"start": "00:55:50", "end": "00:55:56", "text": "And uh"}, {"start": "00:55:53", "end": "00:55:57", "text": "yeah. Um I mean, there's not too much to"}, {"start": "00:55:56", "end": "00:56:01", "text": "say. Uh"}, {"start": "00:55:57", "end": "00:56:04", "text": "will Elo keep pushing? Very, very"}, {"start": "00:56:01", "end": "00:56:07", "text": "likely. Yes."}, {"start": "00:56:04", "end": "00:56:09", "text": "Will it be super fararm? I mean that I"}, {"start": "00:56:07", "end": "00:56:11", "text": "haven't followed closely but don't they"}, {"start": "00:56:09", "end": "00:56:13", "text": "have a lot of other coins nowadays? They"}, {"start": "00:56:11", "end": "00:56:16", "text": "have the coin for like the community"}, {"start": "00:56:13", "end": "00:56:19", "text": "which is another coin this you know"}, {"start": "00:56:16", "end": "00:56:22", "text": "their citadel or what it is. They have"}, {"start": "00:56:19", "end": "00:56:25", "text": "they have a few other coins also. So"}, {"start": "00:56:22", "end": "00:56:27", "text": "it's more of a question to how much he's"}, {"start": "00:56:25", "end": "00:56:30", "text": "going to push it. But chartwise guys it"}, {"start": "00:56:27", "end": "00:56:31", "text": "looks very bad. Uh I wouldn't touch it."}, {"start": "00:56:30", "end": "00:56:34", "text": "uh right now right now like just looking"}, {"start": "00:56:31", "end": "00:56:36", "text": "at the chart looking at the chart there"}, {"start": "00:56:34", "end": "00:56:38", "text": "is a support here obviously but at the"}, {"start": "00:56:36", "end": "00:56:40", "text": "same time look at avalanche it went"}, {"start": "00:56:38", "end": "00:56:44", "text": "below support and went to new alltime"}, {"start": "00:56:40", "end": "00:56:47", "text": "lows dot did the same thing so see it's"}, {"start": "00:56:44", "end": "00:56:49", "text": "not really about not it's just about the"}, {"start": "00:56:47", "end": "00:56:51", "text": "chart"}, {"start": "00:56:49", "end": "00:56:54", "text": "dot could not stop going below alltime"}, {"start": "00:56:51", "end": "00:56:56", "text": "low uh avalanche could not stop going"}, {"start": "00:56:54", "end": "00:56:58", "text": "below alltime low it can also easily go"}, {"start": "00:56:56", "end": "00:57:01", "text": "below this and keep going down it can"}, {"start": "00:56:58", "end": "00:57:03", "text": "easily do that. So yeah, until it's a"}, {"start": "00:57:01", "end": "00:57:05", "text": "bull trend, we're we're bearish. Should"}, {"start": "00:57:03", "end": "00:57:06", "text": "go bull bull trend, we're bullish. I"}, {"start": "00:57:05", "end": "00:57:09", "text": "mean, we keep it simple, guys. We keep"}, {"start": "00:57:06", "end": "00:57:11", "text": "it simple. Bish out to likely more"}, {"start": "00:57:09", "end": "00:57:15", "text": "updates on his channel about the uh the"}, {"start": "00:57:11", "end": "00:57:19", "text": "coin. And uh it is the brutal fact of"}, {"start": "00:57:15", "end": "00:57:21", "text": "the bear. Get out of all coins in time."}, {"start": "00:57:19", "end": "00:57:23", "text": "Very important."}, {"start": "00:57:21", "end": "00:57:25", "text": "And um yeah, I I mean I wish I could"}, {"start": "00:57:23", "end": "00:57:28", "text": "tell you something else, but it is what"}, {"start": "00:57:25", "end": "00:57:30", "text": "it is."}, {"start": "00:57:28", "end": "00:57:32", "text": "Charles recently did a video saying yes."}, {"start": "00:57:30", "end": "00:57:34", "text": "No, I'm not leaving. Oh, so he's not"}, {"start": "00:57:32", "end": "00:57:36", "text": "going to Discord. Okay. Okay. Okay."}, {"start": "00:57:34", "end": "00:57:38", "text": "Okay. His Twitter. Okay, good. That's"}, {"start": "00:57:36", "end": "00:57:40", "text": "good. I mean, for that's good. Going to"}, {"start": "00:57:38", "end": "00:57:42", "text": "Discord would basically destroy. No one"}, {"start": "00:57:40", "end": "00:57:44", "text": "cares about Ada if it's in Discord."}, {"start": "00:57:42", "end": "00:57:46", "text": "Guys, Charles is the only thing people"}, {"start": "00:57:44", "end": "00:57:48", "text": "care about in Ada. It's not Knight. It's"}, {"start": "00:57:46", "end": "00:57:49", "text": "not tech, you know, knights. I'm like"}, {"start": "00:57:48", "end": "00:57:51", "text": "the guy asked, I'm what you think about."}, {"start": "00:57:49", "end": "00:57:53", "text": "No one cares about Knight. Charles is"}, {"start": "00:57:51", "end": "00:57:56", "text": "the only thing people care about. He's"}, {"start": "00:57:53", "end": "00:57:59", "text": "still charismatic. He's still doing this"}, {"start": "00:57:56", "end": "00:58:02", "text": "live streams. He's uh spreading the"}, {"start": "00:57:59", "end": "00:58:04", "text": "belief that is maybe going to come back."}, {"start": "00:58:02", "end": "00:58:06", "text": "He has a nice way of speaking about the"}, {"start": "00:58:04", "end": "00:58:09", "text": "future of crypto, the future of his"}, {"start": "00:58:06", "end": "00:58:13", "text": "tech, how it's revolutionary. He He's a"}, {"start": "00:58:09", "end": "00:58:15", "text": "good orator. Okay. Or orator. Orator."}, {"start": "00:58:13", "end": "00:58:18", "text": "How you say orator or orator? He's a"}, {"start": "00:58:15", "end": "00:58:20", "text": "good orator. Any one of these three you"}, {"start": "00:58:18", "end": "00:58:23", "text": "choose guys."}, {"start": "00:58:20", "end": "00:58:25", "text": "Uh so yeah, he needs to be on Twitter."}, {"start": "00:58:23", "end": "00:58:27", "text": "If he's on discord,"}, {"start": "00:58:25", "end": "00:58:29", "text": "no, no one's going to join their"}, {"start": "00:58:27", "end": "00:58:33", "text": "discord. Gonna be a few guys that join,"}, {"start": "00:58:29", "end": "00:58:34", "text": "but no, Twitter moves so fast. It's a"}, {"start": "00:58:33", "end": "00:58:36", "text": "mistake to think that, oh, you move to"}, {"start": "00:58:34", "end": "00:58:37", "text": "Discord, so people going to follow you."}, {"start": "00:58:36", "end": "00:58:38", "text": "They're going to be curious what's"}, {"start": "00:58:37", "end": "00:58:42", "text": "happening in other. They're going to go"}, {"start": "00:58:38", "end": "00:58:44", "text": "to Discord. It's hubris. It's hubris to"}, {"start": "00:58:42", "end": "00:58:46", "text": "think so. People going to move on. Ada"}, {"start": "00:58:44", "end": "00:58:49", "text": "is going to slide from, you know, top 10"}, {"start": "00:58:46", "end": "00:58:50", "text": "to top 50 to top 100 just like IOTA did"}, {"start": "00:58:49", "end": "00:58:53", "text": "back in the day. Remember IOTA? It"}, {"start": "00:58:50", "end": "00:58:55", "text": "slided also. ADA is now slicing out of"}, {"start": "00:58:53", "end": "00:58:57", "text": "top 20. Oh, Joy Joy, that's very bad"}, {"start": "00:58:55", "end": "00:58:59", "text": "actually. See, guys, be careful with"}, {"start": "00:58:57", "end": "00:59:02", "text": "other because it is slicing out of top"}, {"start": "00:58:59", "end": "00:59:03", "text": "20."}, {"start": "00:59:02", "end": "00:59:06", "text": "There's like all these other coins."}, {"start": "00:59:03", "end": "00:59:09", "text": "Rain, stellar."}, {"start": "00:59:06", "end": "00:59:12", "text": "You remember IOTA? It was top 10 in 2017"}, {"start": "00:59:09", "end": "00:59:14", "text": "and then starts to slide and now I don't"}, {"start": "00:59:12", "end": "00:59:16", "text": "know where it is. It's like top 200 or"}, {"start": "00:59:14", "end": "00:59:17", "text": "something. So once you start to slide,"}, {"start": "00:59:16", "end": "00:59:19", "text": "it's very dangerous. It's very"}, {"start": "00:59:17", "end": "00:59:21", "text": "dangerous. They need to as soon as"}, {"start": "00:59:19", "end": "00:59:25", "text": "possible start coming back closer to top"}, {"start": "00:59:21", "end": "00:59:27", "text": "10. Uh like Tron. Tron is always your"}, {"start": "00:59:25", "end": "00:59:31", "text": "top 10 no matter what. They're always"}, {"start": "00:59:27", "end": "00:59:31", "text": "there. They're always there. Yeah."}, {"start": "00:59:32", "end": "00:59:37", "text": "Fun fact, I once did the tax of a"}, {"start": "00:59:35", "end": "00:59:39", "text": "programmer guy who bought a house with"}, {"start": "00:59:37", "end": "00:59:41", "text": "his super allocation. That's nice. Oh,"}, {"start": "00:59:39", "end": "00:59:42", "text": "you're a DB is an accountant. You're an"}, {"start": "00:59:41", "end": "00:59:46", "text": "accountant."}, {"start": "00:59:42", "end": "00:59:49", "text": "That's amazing, man. Then you"}, {"start": "00:59:46", "end": "00:59:52", "text": "you can save a lot of money by"}, {"start": "00:59:49", "end": "00:59:55", "text": "accounting yourself. Then"}, {"start": "00:59:52", "end": "00:59:57", "text": "accountant is a very useful thing in"}, {"start": "00:59:55", "end": "00:59:59", "text": "crypto to be an accountant"}, {"start": "00:59:57", "end": "01:00:00", "text": "because there's a lot of accounting that"}, {"start": "00:59:59", "end": "01:00:03", "text": "needs to be done. All of the bridging,"}, {"start": "01:00:00", "end": "01:00:05", "text": "all of the DJ we in crypto we generate"}, {"start": "01:00:03", "end": "01:00:07", "text": "as an industry probably the most"}, {"start": "01:00:05", "end": "01:00:09", "text": "financial transactions per second. I"}, {"start": "01:00:07", "end": "01:00:10", "text": "mean look at Salana, look at the old"}, {"start": "01:00:09", "end": "01:00:12", "text": "fast chains. I mean literally thousands"}, {"start": "01:00:10", "end": "01:00:15", "text": "of transactions, financial transactions"}, {"start": "01:00:12", "end": "01:00:18", "text": "per second, which are sometimes very"}, {"start": "01:00:15", "end": "01:00:20", "text": "weird to decode, to explain. It's a wild"}, {"start": "01:00:18", "end": "01:00:22", "text": "wild west. So yeah, accountant man, you"}, {"start": "01:00:20", "end": "01:00:24", "text": "got to be crypto accountant very much in"}, {"start": "01:00:22", "end": "01:00:26", "text": "demand. Guys, thank you very much for"}, {"start": "01:00:24", "end": "01:00:28", "text": "being here. Thank you very much for good"}, {"start": "01:00:26", "end": "01:00:30", "text": "questions. We are above 1 hour. Smash"}, {"start": "01:00:28", "end": "01:00:31", "text": "the like, subscribe, be sure to for time"}, {"start": "01:00:30", "end": "01:00:33", "text": "stamping us and we're going to be back"}, {"start": "01:00:31", "end": "01:00:35", "text": "tomorrow. Let's see what's hap what's"}, {"start": "01:00:33", "end": "01:00:36", "text": "going to happen today. Sailor is going"}, {"start": "01:00:35", "end": "01:00:40", "text": "to do something. He says something in,"}, {"start": "01:00:36", "end": "01:00:41", "text": "you know, some something new. Not a not"}, {"start": "01:00:40", "end": "01:00:43", "text": "a orange dot, but some other dot he's"}, {"start": "01:00:41", "end": "01:00:44", "text": "going to give us. Let's see which dot he"}, {"start": "01:00:43", "end": "01:00:48", "text": "gives us. Have a good day and goodbye"}, {"start": "01:00:44", "end": "01:00:48", "text": "guys. Goodbye. Goodbye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Oh yes, oh yes, yes, oh yes. Guys,"}, {"start": "00:00:02", "end": "00:00:05", "text": "welcome to another episode. And as you"}, {"start": "00:00:04", "end": "00:00:08", "text": "can see right now, Bitcoin is doing"}, {"start": "00:00:05", "end": "00:00:11", "text": "something very interesting. We are above"}, {"start": "00:00:08", "end": "00:00:13", "text": "64. It is a big number for Bitcoin. Why?"}, {"start": "00:00:11", "end": "00:00:17", "text": "Because this is the round number above"}, {"start": "00:00:13", "end": "00:00:20", "text": "the 200 week moving average which is the"}, {"start": "00:00:17", "end": "00:00:22", "text": "white line. And if we can hold 64 and"}, {"start": "00:00:20", "end": "00:00:26", "text": "then especially guys if we can get above"}, {"start": "00:00:22", "end": "00:00:29", "text": "this 6566 level basically this yellow"}, {"start": "00:00:26", "end": "00:00:32", "text": "line right here which was support in the"}, {"start": "00:00:29", "end": "00:00:35", "text": "past then we broke support to the"}, {"start": "00:00:32", "end": "00:00:38", "text": "downside. Then we retested it. You see"}, {"start": "00:00:35", "end": "00:00:39", "text": "here now as resistance this green candle"}, {"start": "00:00:38", "end": "00:00:43", "text": "right here back in June. and then we got"}, {"start": "00:00:39", "end": "00:00:46", "text": "rejected from it. And so if we now can"}, {"start": "00:00:43", "end": "00:00:48", "text": "master the strength to go above it yet"}, {"start": "00:00:46", "end": "00:00:51", "text": "again and let's say we close a candle at"}, {"start": "00:00:48", "end": "00:00:54", "text": "67, weekly candle 67, we close a weekly"}, {"start": "00:00:51", "end": "00:00:57", "text": "candle at 68. The likelihood of the"}, {"start": "00:00:54", "end": "00:00:59", "text": "bottom are rising a lot and now we're"}, {"start": "00:00:57", "end": "00:01:01", "text": "still in the buy zone. We're still in"}, {"start": "00:00:59", "end": "00:01:04", "text": "the green green buy zone which is"}, {"start": "00:01:01", "end": "00:01:06", "text": "fantastic. Until guys, until we go above"}, {"start": "00:01:04", "end": "00:01:09", "text": "the yellow line and start closing above"}, {"start": "00:01:06", "end": "00:01:11", "text": "the yellow line, the likelihood is still"}, {"start": "00:01:09", "end": "00:01:13", "text": "that we get rejected further down. But"}, {"start": "00:01:11", "end": "00:01:15", "text": "you know, we're so far in the bear that"}, {"start": "00:01:13", "end": "00:01:17", "text": "I don't want to be mega bear here"}, {"start": "00:01:15", "end": "00:01:19", "text": "because it's like the end of the bear."}, {"start": "00:01:17", "end": "00:01:22", "text": "The time to be mega bear was in October"}, {"start": "00:01:19", "end": "00:01:25", "text": "Q4. Now it's time to see the bright side"}, {"start": "00:01:22", "end": "00:01:28", "text": "of things, to see the bright side of"}, {"start": "00:01:25", "end": "00:01:30", "text": "life, bright side of the market, bright"}, {"start": "00:01:28", "end": "00:01:33", "text": "side of Bitcoin. Because most people"}, {"start": "00:01:30", "end": "00:01:36", "text": "currently are either mega wrecked, they"}, {"start": "00:01:33", "end": "00:01:38", "text": "have no money or if they have money,"}, {"start": "00:01:36", "end": "00:01:39", "text": "let's say high net worth individuals,"}, {"start": "00:01:38", "end": "00:01:41", "text": "let's say even retail, if they have"}, {"start": "00:01:39", "end": "00:01:44", "text": "money, if they have been trading, let's"}, {"start": "00:01:41", "end": "00:01:46", "text": "say AI stocks, they're not really paying"}, {"start": "00:01:44", "end": "00:01:48", "text": "attention to Bitcoin, which means that"}, {"start": "00:01:46", "end": "00:01:50", "text": "we have such good opportunities. We have"}, {"start": "00:01:48", "end": "00:01:52", "text": "such good opportunities in crypto, in"}, {"start": "00:01:50", "end": "00:01:53", "text": "Bitcoin, in altcoins, in this whole"}, {"start": "00:01:52", "end": "00:01:55", "text": "industry. It's so cheap, man. It's so"}, {"start": "00:01:53", "end": "00:01:58", "text": "cheap. And so as soon as we see the"}, {"start": "00:01:55", "end": "00:01:59", "text": "daily flips happen, the weekly flips"}, {"start": "00:01:58", "end": "00:02:01", "text": "happen, especially for alcoins, we need"}, {"start": "00:01:59", "end": "00:02:03", "text": "the weekly flip. It's going to be big"}, {"start": "00:02:01", "end": "00:02:06", "text": "big signals. For now though, we are"}, {"start": "00:02:03", "end": "00:02:09", "text": "starting to see the the the fresh shoots"}, {"start": "00:02:06", "end": "00:02:12", "text": "of bullishness. You go in forest, it's"}, {"start": "00:02:09", "end": "00:02:14", "text": "winter, but there is a fresh shoot. You"}, {"start": "00:02:12", "end": "00:02:16", "text": "understand? It's a green small shoot."}, {"start": "00:02:14", "end": "00:02:18", "text": "Maybe some kind of flower is going to"}, {"start": "00:02:16", "end": "00:02:20", "text": "grow. Is the same here, but it's still"}, {"start": "00:02:18", "end": "00:02:24", "text": "below this yellow line. We're still way"}, {"start": "00:02:20", "end": "00:02:25", "text": "below the bull flip at 81. And uh it's"}, {"start": "00:02:24", "end": "00:02:27", "text": "going to come down quite quickly here"}, {"start": "00:02:25", "end": "00:02:29", "text": "into 70s the the bull flip on the"}, {"start": "00:02:27", "end": "00:02:31", "text": "weekly. So we need still need to be"}, {"start": "00:02:29", "end": "00:02:32", "text": "protecting capital but we see things"}, {"start": "00:02:31", "end": "00:02:34", "text": "from the bright side. That's very very"}, {"start": "00:02:32", "end": "00:02:36", "text": "important actually guys to see to see to"}, {"start": "00:02:34", "end": "00:02:38", "text": "see live from the bright side. Also guys"}, {"start": "00:02:36", "end": "00:02:40", "text": "you know that I've been speaking about"}, {"start": "00:02:38", "end": "00:02:43", "text": "that this world cup they're going to be"}, {"start": "00:02:40", "end": "00:02:45", "text": "using it to do crazy stuff. The world"}, {"start": "00:02:43", "end": "00:02:46", "text": "cup which I mean it's fun it's fun to"}, {"start": "00:02:45", "end": "00:02:49", "text": "watch. I mean we are also going to be"}, {"start": "00:02:46", "end": "00:02:51", "text": "watching a bit the Norway the Norway"}, {"start": "00:02:49", "end": "00:02:53", "text": "match. I mean it's good. It's good. But"}, {"start": "00:02:51", "end": "00:02:55", "text": "at the same time, we are seeing how they"}, {"start": "00:02:53", "end": "00:02:58", "text": "literally use it in order to push"}, {"start": "00:02:55", "end": "00:03:00", "text": "through legislation while the plebe is"}, {"start": "00:02:58", "end": "00:03:03", "text": "distracted. While the plebe is watching"}, {"start": "00:03:00", "end": "00:03:07", "text": "other plebas kick a ball, kick a ball."}, {"start": "00:03:03", "end": "00:03:09", "text": "The EU just passed chat control. So that"}, {"start": "00:03:07", "end": "00:03:12", "text": "now all your messages if you are in the"}, {"start": "00:03:09", "end": "00:03:15", "text": "EU are going to be read by big tech and"}, {"start": "00:03:12", "end": "00:03:18", "text": "this is chat control uh 1.0. There is"}, {"start": "00:03:15", "end": "00:03:20", "text": "going to be chat control 2.0 which is"}, {"start": "00:03:18", "end": "00:03:22", "text": "now way easier to pass because chat"}, {"start": "00:03:20", "end": "00:03:24", "text": "control 1.0 to has passed. It was"}, {"start": "00:03:22", "end": "00:03:26", "text": "yesterday. It was yesterday. While the"}, {"start": "00:03:24", "end": "00:03:30", "text": "plebe is in the summer vacation, plebe"}, {"start": "00:03:26", "end": "00:03:33", "text": "is there swimming, watching football,"}, {"start": "00:03:30", "end": "00:03:35", "text": "watching guys kick a ball, fully"}, {"start": "00:03:33", "end": "00:03:37", "text": "distracted. There has to be some"}, {"start": "00:03:35", "end": "00:03:40", "text": "research done by the way how much laws"}, {"start": "00:03:37", "end": "00:03:42", "text": "are getting passed during the World Cup."}, {"start": "00:03:40", "end": "00:03:45", "text": "I think that they really use this time"}, {"start": "00:03:42", "end": "00:03:47", "text": "with World Cup to pass a lot. I haven't"}, {"start": "00:03:45", "end": "00:03:49", "text": "done the research myself, but I I'll"}, {"start": "00:03:47", "end": "00:03:51", "text": "check with AI later on. Maybe you guys"}, {"start": "00:03:49", "end": "00:03:53", "text": "can do can do the same because for"}, {"start": "00:03:51", "end": "00:03:55", "text": "politician world cup is the best is the"}, {"start": "00:03:53", "end": "00:03:56", "text": "best. You can you basically have a free"}, {"start": "00:03:55", "end": "00:03:58", "text": "free hands free for all. You can do what"}, {"start": "00:03:56", "end": "00:04:00", "text": "you want. The play no one's going to"}, {"start": "00:03:58", "end": "00:04:02", "text": "care. No one's going to care. The media"}, {"start": "00:04:00", "end": "00:04:04", "text": "is not going to care. They write about"}, {"start": "00:04:02", "end": "00:04:06", "text": "you know who kicked the ball is. No,"}, {"start": "00:04:04", "end": "00:04:09", "text": "it's it's bread and circus. It's the"}, {"start": "00:04:06", "end": "00:04:12", "text": "finest finest finest bread and circus."}, {"start": "00:04:09", "end": "00:04:14", "text": "So they pass chat control. All messages"}, {"start": "00:04:12", "end": "00:04:17", "text": "are going to be read by big tech. This"}, {"start": "00:04:14", "end": "00:04:19", "text": "chat control uh 1.0 Oh, does not allow"}, {"start": "00:04:17", "end": "00:04:21", "text": "the government to read directly. But you"}, {"start": "00:04:19", "end": "00:04:23", "text": "understand it's in the next step. They"}, {"start": "00:04:21", "end": "00:04:26", "text": "take it one step at a time. They boil"}, {"start": "00:04:23", "end": "00:04:27", "text": "they BOIL THE FROG ALIVE like it's it's"}, {"start": "00:04:26", "end": "00:04:30", "text": "textbook. It's textbook textbook"}, {"start": "00:04:27", "end": "00:04:31", "text": "textbook. Okay. Okay. So, we're going to"}, {"start": "00:04:30", "end": "00:04:33", "text": "be discussing that. We're going to be"}, {"start": "00:04:31", "end": "00:04:34", "text": "discussing all because we have a lot to"}, {"start": "00:04:33", "end": "00:04:36", "text": "discuss today. Welcome everyone who is"}, {"start": "00:04:34", "end": "00:04:37", "text": "watching live. Smash up the like."}, {"start": "00:04:36", "end": "00:04:40", "text": "Subscribe to the channel if you haven't"}, {"start": "00:04:37", "end": "00:04:42", "text": "yet. Big shout out to Guzman for"}, {"start": "00:04:40", "end": "00:04:44", "text": "timestamping us today. Big big big shout"}, {"start": "00:04:42", "end": "00:04:46", "text": "out. And as always, if you go to"}, {"start": "00:04:44", "end": "00:04:48", "text": "bulln.com/partners,"}, {"start": "00:04:46", "end": "00:04:50", "text": "you can sign up for the newsletter. By"}, {"start": "00:04:48", "end": "00:04:53", "text": "the way, if you sign up for the"}, {"start": "00:04:50", "end": "00:04:55", "text": "newsletter, you will also get a spot on"}, {"start": "00:04:53", "end": "00:04:56", "text": "our weight list. You can sign up for the"}, {"start": "00:04:55", "end": "00:04:59", "text": "newsletter here for Bulmania weight"}, {"start": "00:04:56", "end": "00:05:02", "text": "list. We will be releasing the last few"}, {"start": "00:04:59", "end": "00:05:04", "text": "spots before the summer break later uh"}, {"start": "00:05:02", "end": "00:05:05", "text": "late, not later today, but later this"}, {"start": "00:05:04", "end": "00:05:07", "text": "week on Sunday or so, they're going to"}, {"start": "00:05:05", "end": "00:05:09", "text": "be sent out. So, if you join the"}, {"start": "00:05:07", "end": "00:05:11", "text": "newsletter or if you go to bulma.com and"}, {"start": "00:05:09", "end": "00:05:13", "text": "you join the weight list here, either or"}, {"start": "00:05:11", "end": "00:05:15", "text": "is okay. uh you will be receiving the"}, {"start": "00:05:13", "end": "00:05:17", "text": "opportunity to join us before the summer"}, {"start": "00:05:15", "end": "00:05:19", "text": "break and uh yeah it's going to be first"}, {"start": "00:05:17", "end": "00:05:21", "text": "come first serve first come first served"}, {"start": "00:05:19", "end": "00:05:23", "text": "and on boom.com/partners as always you"}, {"start": "00:05:21", "end": "00:05:26", "text": "have by bit big fat signup bonus pionex"}, {"start": "00:05:23", "end": "00:05:28", "text": "big fat signup bonus wigs big fat I mean"}, {"start": "00:05:26", "end": "00:05:29", "text": "everywhere is big fat signup bonus"}, {"start": "00:05:28", "end": "00:05:32", "text": "boom.com/partners"}, {"start": "00:05:29", "end": "00:05:34", "text": "link is in the description now guys uh"}, {"start": "00:05:32", "end": "00:05:35", "text": "moving on we have to discuss what's"}, {"start": "00:05:34", "end": "00:05:37", "text": "happening now in the trenches because"}, {"start": "00:05:35", "end": "00:05:40", "text": "while Bitcoin is a bit down a bit up"}, {"start": "00:05:37", "end": "00:05:41", "text": "it's around the 200E moving average it"}, {"start": "00:05:40", "end": "00:05:43", "text": "is pushing higher I mean should we go"}, {"start": "00:05:41", "end": "00:05:45", "text": "above that yellow line we discussed. It"}, {"start": "00:05:43", "end": "00:05:47", "text": "is good progress. I mean it's good good"}, {"start": "00:05:45", "end": "00:05:49", "text": "good progress. It's amazing progress."}, {"start": "00:05:47", "end": "00:05:52", "text": "Maybe the bottom is in now. Any day the"}, {"start": "00:05:49", "end": "00:05:54", "text": "bottom could be in. Okay. Even though"}, {"start": "00:05:52", "end": "00:05:56", "text": "the highest likelihood is still further"}, {"start": "00:05:54", "end": "00:05:58", "text": "down. I'm not betting the you know the"}, {"start": "00:05:56", "end": "00:06:00", "text": "house on further down. Uh it's it's more"}, {"start": "00:05:58", "end": "00:06:04", "text": "that we could we we could see bottom"}, {"start": "00:06:00", "end": "00:06:06", "text": "today or tomorrow or in Q4. Okay. Q4 is"}, {"start": "00:06:04", "end": "00:06:10", "text": "still more likely. But you understand"}, {"start": "00:06:06", "end": "00:06:12", "text": "this is the time to be DCAing, to be"}, {"start": "00:06:10", "end": "00:06:14", "text": "bidding, and to be using the chains. For"}, {"start": "00:06:12", "end": "00:06:15", "text": "example, we've been saying that using"}, {"start": "00:06:14", "end": "00:06:18", "text": "Robin Hood now makes sense. Even though"}, {"start": "00:06:15", "end": "00:06:20", "text": "it is corpor chain, even though I mean"}, {"start": "00:06:18", "end": "00:06:23", "text": "long-term, I'm not a believer in Robin"}, {"start": "00:06:20", "end": "00:06:25", "text": "Hood chain, but now that people are"}, {"start": "00:06:23", "end": "00:06:27", "text": "seeing this as an opportunity to be"}, {"start": "00:06:25", "end": "00:06:29", "text": "early to trade all of this stuff, do you"}, {"start": "00:06:27", "end": "00:06:31", "text": "you try it out, you see how it works. H"}, {"start": "00:06:29", "end": "00:06:31", "text": "you don't have to trade like if you if"}, {"start": "00:06:31", "end": "00:06:33", "text": "you don't want you enough you don't have"}, {"start": "00:06:31", "end": "00:06:36", "text": "to trade but the fact that they are"}, {"start": "00:06:33", "end": "00:06:38", "text": "embracing memes and they are embracing"}, {"start": "00:06:36", "end": "00:06:41", "text": "the culture is very very good is very"}, {"start": "00:06:38", "end": "00:06:44", "text": "positive that we may see some kind of"}, {"start": "00:06:41", "end": "00:06:45", "text": "meme season in Robin Hood continue you"}, {"start": "00:06:44", "end": "00:06:47", "text": "have to be super careful I mean these"}, {"start": "00:06:45", "end": "00:06:48", "text": "things they go up and down a lot of"}, {"start": "00:06:47", "end": "00:06:51", "text": "these meme coins they can go to zero"}, {"start": "00:06:48", "end": "00:06:54", "text": "quite fast but what is interesting is"}, {"start": "00:06:51", "end": "00:06:56", "text": "that they are playing it in a way better"}, {"start": "00:06:54", "end": "00:06:58", "text": "way than Coinbase way way better way"}, {"start": "00:06:56", "end": "00:07:01", "text": "than Coinbase let me uh play you this"}, {"start": "00:06:58", "end": "00:07:03", "text": "analysis from um uh Anom from Ansom"}, {"start": "00:07:01", "end": "00:07:05", "text": "podcast where they discussed the Robin"}, {"start": "00:07:03", "end": "00:07:08", "text": "Hood versus Coinbase because Coinbase is"}, {"start": "00:07:05", "end": "00:07:10", "text": "in big big trouble. They may lose both"}, {"start": "00:07:08", "end": "00:07:11", "text": "decentralized exchange business and"}, {"start": "00:07:10", "end": "00:07:14", "text": "their onchain business to Robin Hood."}, {"start": "00:07:11", "end": "00:07:15", "text": "Listen to this. Coinbase has been in"}, {"start": "00:07:14", "end": "00:07:18", "text": "crypto forever. Obviously, they're the"}, {"start": "00:07:15", "end": "00:07:19", "text": "crypto native company. Um but I think"}, {"start": "00:07:18", "end": "00:07:20", "text": "the reason that some of the timeline"}, {"start": "00:07:19", "end": "00:07:22", "text": "doesn't [�__�] with Coinbase as much is"}, {"start": "00:07:20", "end": "00:07:25", "text": "because they're not as close to the"}, {"start": "00:07:22", "end": "00:07:26", "text": "culture as they should be with crypto."}, {"start": "00:07:25", "end": "00:07:29", "text": "And I think they people see them as too"}, {"start": "00:07:26", "end": "00:07:31", "text": "corporate. And if you're not supportive"}, {"start": "00:07:29", "end": "00:07:33", "text": "of like what people actually want to do"}, {"start": "00:07:31", "end": "00:07:34", "text": "on chain in crypto, then like the people"}, {"start": "00:07:33", "end": "00:07:36", "text": "aren't going to [�__�] with you in that"}, {"start": "00:07:34", "end": "00:07:38", "text": "way. And that's why when Vlad was like,"}, {"start": "00:07:36", "end": "00:07:40", "text": "I'm not only bullish RWA, I'm bullish on"}, {"start": "00:07:38", "end": "00:07:41", "text": "memes, too. Everybody was like, yo, this"}, {"start": "00:07:40", "end": "00:07:43", "text": "dude's a [�__�] goat. Is because that's"}, {"start": "00:07:41", "end": "00:07:44", "text": "what people were trading. And I think"}, {"start": "00:07:43", "end": "00:07:45", "text": "memecoins are part of like the culture"}, {"start": "00:07:44", "end": "00:07:47", "text": "in crypto. It's something that's never"}, {"start": "00:07:45", "end": "00:07:49", "text": "really going to go away. But if you're"}, {"start": "00:07:47", "end": "00:07:50", "text": "not supportive of everything that's"}, {"start": "00:07:49", "end": "00:07:52", "text": "happening on your channel and you kind"}, {"start": "00:07:50", "end": "00:07:54", "text": "of just like pick and choose what you"}, {"start": "00:07:52", "end": "00:07:56", "text": "want to direct attention to"}, {"start": "00:07:54", "end": "00:07:57", "text": ">> or worse or worse like Jesse has been"}, {"start": "00:07:56", "end": "00:07:59", "text": "doing on base pushing some kind of for"}, {"start": "00:07:57", "end": "00:08:01", "text": "guys, you know, you tokenize your tweet,"}, {"start": "00:07:59", "end": "00:08:03", "text": "you tokenize your picture or whatever"}, {"start": "00:08:01", "end": "00:08:04", "text": "they were pushing which no one really"}, {"start": "00:08:03", "end": "00:08:06", "text": "cares about. It's a small group of"}, {"start": "00:08:04", "end": "00:08:08", "text": "people that care about Zora guys cared"}, {"start": "00:08:06", "end": "00:08:10", "text": "about it and it's it's not so"}, {"start": "00:08:08", "end": "00:08:12", "text": "sustainable. You have to just lean into"}, {"start": "00:08:10", "end": "00:08:14", "text": "what the hell the average player wants"}, {"start": "00:08:12", "end": "00:08:16", "text": "and they want the meme just like they"}, {"start": "00:08:14", "end": "00:08:18", "text": "want bread and circus in football. They"}, {"start": "00:08:16", "end": "00:08:20", "text": "they need the meme. They need the meme."}, {"start": "00:08:18", "end": "00:08:22", "text": "The plebe is here for the meme. And"}, {"start": "00:08:20", "end": "00:08:24", "text": "listen, we're all play. We love it. We"}, {"start": "00:08:22", "end": "00:08:26", "text": "love it. It's fantastic. I mean, that's"}, {"start": "00:08:24", "end": "00:08:28", "text": "what crypto is for. It's for trading"}, {"start": "00:08:26", "end": "00:08:31", "text": "stuff. Trading stuff. Elo trace"}, {"start": "00:08:28", "end": "00:08:34", "text": "continues. Look here. Coin is down 75%"}, {"start": "00:08:31", "end": "00:08:36", "text": "from alltime high. Hood is up 79% from"}, {"start": "00:08:34", "end": "00:08:37", "text": "the lows and gunning for new highs. And"}, {"start": "00:08:36", "end": "00:08:40", "text": "this is very important because instead"}, {"start": "00:08:37", "end": "00:08:42", "text": "of you know trying to analyze it, you"}, {"start": "00:08:40", "end": "00:08:44", "text": "just saw it in the chart that Hood has"}, {"start": "00:08:42", "end": "00:08:48", "text": "been in a fantastic bull trend uh ever"}, {"start": "00:08:44", "end": "00:08:50", "text": "since here back in May. Ever since here,"}, {"start": "00:08:48", "end": "00:08:52", "text": "back in May, Hood is in a nice nice nice"}, {"start": "00:08:50", "end": "00:08:54", "text": "great bull trend and we're bullish bull"}, {"start": "00:08:52", "end": "00:08:56", "text": "trends and it's a very clean chart here"}, {"start": "00:08:54", "end": "00:08:59", "text": "where it's massive bull trend and"}, {"start": "00:08:56", "end": "00:09:01", "text": "massive bear. Now new bull which seems"}, {"start": "00:08:59", "end": "00:09:03", "text": "to be very clean as well up only. This"}, {"start": "00:09:01", "end": "00:09:04", "text": "is the kind of chart I like. I don't"}, {"start": "00:09:03", "end": "00:09:06", "text": "like charts when it's you know too much"}, {"start": "00:09:04", "end": "00:09:09", "text": "you know sideways bull bear bull bear I"}, {"start": "00:09:06", "end": "00:09:12", "text": "want when it is a trend it's a big trend"}, {"start": "00:09:09", "end": "00:09:14", "text": "and up until now Robin has been"}, {"start": "00:09:12", "end": "00:09:16", "text": "displaying that very nicely and yeah"}, {"start": "00:09:14", "end": "00:09:18", "text": "since this bull trend up only while"}, {"start": "00:09:16", "end": "00:09:19", "text": "Coinbase is struggling I mean they are"}, {"start": "00:09:18", "end": "00:09:21", "text": "they're struggling a lot they're trying"}, {"start": "00:09:19", "end": "00:09:23", "text": "to find their footing here still in a"}, {"start": "00:09:21", "end": "00:09:25", "text": "massive bare trend nothing is happening"}, {"start": "00:09:23", "end": "00:09:28", "text": "and so now you also have kind of an"}, {"start": "00:09:25", "end": "00:09:29", "text": "explanation here of why that is Robin"}, {"start": "00:09:28", "end": "00:09:32", "text": "Hood chain is thriving with new live"}, {"start": "00:09:29", "end": "00:09:35", "text": "apps and energy to be fair to be"}, {"start": "00:09:32", "end": "00:09:37", "text": "Bass was also big during the first week."}, {"start": "00:09:35", "end": "00:09:38", "text": "Take it this. I mean, okay, Robin Hood"}, {"start": "00:09:37", "end": "00:09:40", "text": "chain as big as the first week. Maybe"}, {"start": "00:09:38", "end": "00:09:42", "text": "it's going to continue to be big, but"}, {"start": "00:09:40", "end": "00:09:44", "text": "you remember Bass, it was also big"}, {"start": "00:09:42", "end": "00:09:47", "text": "during the first week. Uh, didn't like"}, {"start": "00:09:44", "end": "00:09:48", "text": "Toshi or some meme coins go to 5 billion"}, {"start": "00:09:47", "end": "00:09:50", "text": "dollars or something. No, no, no, no,"}, {"start": "00:09:48", "end": "00:09:52", "text": "no, not five billion, but what is it"}, {"start": "00:09:50", "end": "00:09:54", "text": "like two billion? It was above a"}, {"start": "00:09:52", "end": "00:09:56", "text": "billion. I mean, some some some meme on"}, {"start": "00:09:54", "end": "00:09:58", "text": "on base went to above a billion for"}, {"start": "00:09:56", "end": "00:10:00", "text": "sure. But so, Bass is dying and"}, {"start": "00:09:58", "end": "00:10:02", "text": "ratherless. It's true. It's true. Brian"}, {"start": "00:10:00", "end": "00:10:04", "text": "Armstrong is allergic to engaging with"}, {"start": "00:10:02", "end": "00:10:07", "text": "community. Vlad followed the leading"}, {"start": "00:10:04", "end": "00:10:10", "text": "meme coins on the day on day one and"}, {"start": "00:10:07", "end": "00:10:12", "text": "knows cults like GME are the backbone of"}, {"start": "00:10:10", "end": "00:10:15", "text": "his retail business. I can't help but"}, {"start": "00:10:12", "end": "00:10:17", "text": "feel that Coinbase is looking at a truly"}, {"start": "00:10:15", "end": "00:10:19", "text": "hellish path of losing their centralized"}, {"start": "00:10:17", "end": "00:10:22", "text": "exchange business and chain business at"}, {"start": "00:10:19", "end": "00:10:24", "text": "the same time to Vlad. Vlad the Impaler"}, {"start": "00:10:22", "end": "00:10:26", "text": "is going to come for Coinbase while"}, {"start": "00:10:24", "end": "00:10:29", "text": "Robin Hood looks to eat the everything"}, {"start": "00:10:26", "end": "00:10:31", "text": "up cake and have it too. Yeah, I mean"}, {"start": "00:10:29", "end": "00:10:34", "text": "super interesting analysis here. Uh"}, {"start": "00:10:31", "end": "00:10:36", "text": "that's why the big problem is when you"}, {"start": "00:10:34", "end": "00:10:38", "text": "hold a coin or hold the stock just"}, {"start": "00:10:36", "end": "00:10:41", "text": "before just because you may like it. I"}, {"start": "00:10:38", "end": "00:10:42", "text": "mean you see how things change quickly."}, {"start": "00:10:41", "end": "00:10:45", "text": "They change this fast. They change this"}, {"start": "00:10:42", "end": "00:10:47", "text": "fast. A few months ago the the it wasn't"}, {"start": "00:10:45", "end": "00:10:50", "text": "like this. It wasn't that the base was"}, {"start": "00:10:47", "end": "00:10:52", "text": "challenged by hood. That's why the best"}, {"start": "00:10:50", "end": "00:10:53", "text": "approach is to see the trend. Stay away"}, {"start": "00:10:52", "end": "00:10:55", "text": "from bare trend being bull trend."}, {"start": "00:10:53", "end": "00:10:56", "text": "Otherwise you're gonna be following news"}, {"start": "00:10:55", "end": "00:10:58", "text": "and you know sometimes news are"}, {"start": "00:10:56", "end": "00:11:00", "text": "important and sometimes not important."}, {"start": "00:10:58", "end": "00:11:02", "text": "It's impossible to trade based on news"}, {"start": "00:11:00", "end": "00:11:05", "text": "but based on trends you knew already. I"}, {"start": "00:11:02", "end": "00:11:08", "text": "mean ever since here that uh you need to"}, {"start": "00:11:05", "end": "00:11:11", "text": "be bare Coinbase already in August 2025"}, {"start": "00:11:08", "end": "00:11:14", "text": "it was time to be bare Coinbase. Okay so"}, {"start": "00:11:11", "end": "00:11:17", "text": "it's no rocket science very very very"}, {"start": "00:11:14", "end": "00:11:19", "text": "simple now uh looking at the overall"}, {"start": "00:11:17", "end": "00:11:21", "text": "transaction volume we do see Robin Hood"}, {"start": "00:11:19", "end": "00:11:23", "text": "chain now overtaking hyperlquid when it"}, {"start": "00:11:21", "end": "00:11:26", "text": "comes to spot. So hyperlid mainly it's"}, {"start": "00:11:23", "end": "00:11:28", "text": "not for spot it's for pers but spot"}, {"start": "00:11:26", "end": "00:11:32", "text": "Robin Hood is bigger now based on the"}, {"start": "00:11:28", "end": "00:11:35", "text": "meme trading. you now have u this"}, {"start": "00:11:32", "end": "00:11:37", "text": "discussion about uh uh yeah Coinbase"}, {"start": "00:11:35", "end": "00:11:40", "text": "versus Hyperlid. And then on another uh"}, {"start": "00:11:37", "end": "00:11:45", "text": "flank, on another flank, you have"}, {"start": "00:11:40", "end": "00:11:49", "text": "Hyperlquid and Phantom going to CF CFCC"}, {"start": "00:11:45", "end": "00:11:52", "text": "and asking for rules for confirmation"}, {"start": "00:11:49", "end": "00:11:56", "text": "for some kind of legal document stating"}, {"start": "00:11:52", "end": "00:11:59", "text": "that if you do something onchain, if you"}, {"start": "00:11:56", "end": "00:12:03", "text": "do something that is self-custodial,"}, {"start": "00:11:59", "end": "00:12:05", "text": "you are not uh regulated. Okay. And uh"}, {"start": "00:12:03", "end": "00:12:07", "text": "this guy let's see he is co-founder of"}, {"start": "00:12:05", "end": "00:12:09", "text": "Phantom. He's saying we we gave a direct"}, {"start": "00:12:07", "end": "00:12:11", "text": "answer and it starts with how onchain"}, {"start": "00:12:09", "end": "00:12:12", "text": "markets actually work. Most of the"}, {"start": "00:12:11", "end": "00:12:14", "text": "current rule book assumes an"}, {"start": "00:12:12", "end": "00:12:17", "text": "intermediary holds your funds and"}, {"start": "00:12:14", "end": "00:12:19", "text": "handles your orders. That assumption uh"}, {"start": "00:12:17", "end": "00:12:21", "text": "made sense when there when there was no"}, {"start": "00:12:19", "end": "00:12:24", "text": "alternative. Now on chain markets give"}, {"start": "00:12:21", "end": "00:12:26", "text": "users a way to trade yada yada yada. And"}, {"start": "00:12:24", "end": "00:12:28", "text": "so all in all, they wrote this letter."}, {"start": "00:12:26", "end": "00:12:32", "text": "Phantom and Hyper wrote this letter"}, {"start": "00:12:28", "end": "00:12:35", "text": "asking asking exactly exactly exactly"}, {"start": "00:12:32", "end": "00:12:37", "text": "how to ensure that you're not regulated"}, {"start": "00:12:35", "end": "00:12:38", "text": "and basically asking them to say that if"}, {"start": "00:12:37", "end": "00:12:40", "text": "you're non-custodial, you're not"}, {"start": "00:12:38", "end": "00:12:42", "text": "regulated. Okay. Codify the March relief"}, {"start": "00:12:40", "end": "00:12:45", "text": "for every non-custodial interface."}, {"start": "00:12:42", "end": "00:12:48", "text": "Confirm that rising protocol software on"}, {"start": "00:12:45", "end": "00:12:50", "text": "its own is not regulated activity and"}, {"start": "00:12:48", "end": "00:12:53", "text": "give regulated exchanges a workable path"}, {"start": "00:12:50", "end": "00:12:55", "text": "to perform their functions on chain."}, {"start": "00:12:53", "end": "00:12:56", "text": "None of this is asking for a pass."}, {"start": "00:12:55", "end": "00:12:59", "text": "Registered venues would still be"}, {"start": "00:12:56", "end": "00:13:01", "text": "registered and the rules would still"}, {"start": "00:12:59", "end": "00:13:03", "text": "attach to whoever handles the customer"}, {"start": "00:13:01", "end": "00:13:04", "text": "funds. And so this would be massive if"}, {"start": "00:13:03", "end": "00:13:06", "text": "they can get it through. If they can get"}, {"start": "00:13:04", "end": "00:13:09", "text": "CFTC to say that listen, you can do"}, {"start": "00:13:06", "end": "00:13:11", "text": "anything on chain. You can do any kind"}, {"start": "00:13:09", "end": "00:13:13", "text": "of user interface. For example, Phantom"}, {"start": "00:13:11", "end": "00:13:14", "text": "is just a user interface. They don't"}, {"start": "00:13:13", "end": "00:13:17", "text": "hold your funds, but they charge a lot"}, {"start": "00:13:14", "end": "00:13:19", "text": "of fee when you use their interface."}, {"start": "00:13:17", "end": "00:13:21", "text": "They charge a big fee when you swap."}, {"start": "00:13:19", "end": "00:13:22", "text": "They charge a big fee when you bridge. I"}, {"start": "00:13:21", "end": "00:13:24", "text": "mean they charge you fees everywhere in"}, {"start": "00:13:22", "end": "00:13:26", "text": "Phantom. So they have a big business"}, {"start": "00:13:24", "end": "00:13:29", "text": "obviously have a big business and the"}, {"start": "00:13:26", "end": "00:13:32", "text": "question is can they get a confirmation"}, {"start": "00:13:29", "end": "00:13:34", "text": "from CFTC that you can have a big fat"}, {"start": "00:13:32", "end": "00:13:37", "text": "business that could even kill"}, {"start": "00:13:34", "end": "00:13:39", "text": "centralized alternatives because with"}, {"start": "00:13:37", "end": "00:13:41", "text": "Phantom soon you can use you can do"}, {"start": "00:13:39", "end": "00:13:44", "text": "things like on Robin Hood. So the big"}, {"start": "00:13:41", "end": "00:13:47", "text": "question is can they get CFTC to confirm"}, {"start": "00:13:44", "end": "00:13:49", "text": "that yes indeed it is okay and you are"}, {"start": "00:13:47", "end": "00:13:51", "text": "not regulated. I mean that would be"}, {"start": "00:13:49", "end": "00:13:53", "text": "crazy. That would be quite crazy. then"}, {"start": "00:13:51", "end": "00:13:55", "text": "uh anyone can build financial service"}, {"start": "00:13:53", "end": "00:13:56", "text": "from their freaking bedroom. Okay, you"}, {"start": "00:13:55", "end": "00:13:58", "text": "connect your wallet, you do everything"}, {"start": "00:13:56", "end": "00:14:00", "text": "on the chain. That's how it should be."}, {"start": "00:13:58", "end": "00:14:01", "text": "But I'm very curious how the bankers are"}, {"start": "00:14:00", "end": "00:14:03", "text": "going to react. I'm very curious how"}, {"start": "00:14:01", "end": "00:14:05", "text": "fintexs are going to react because if"}, {"start": "00:14:03", "end": "00:14:08", "text": "that rule is passed, you can be a"}, {"start": "00:14:05", "end": "00:14:10", "text": "12year-old Indian writing software that"}, {"start": "00:14:08", "end": "00:14:12", "text": "the boomers in the US are going to"}, {"start": "00:14:10", "end": "00:14:15", "text": "connect their wallet to and you would"}, {"start": "00:14:12", "end": "00:14:18", "text": "have full regulatory pass. You would be"}, {"start": "00:14:15", "end": "00:14:19", "text": "actually legit established in the US."}, {"start": "00:14:18", "end": "00:14:20", "text": "Let's see, guys. I mean, that would be a"}, {"start": "00:14:19", "end": "00:14:22", "text": "fantastic world. I mean it would be very"}, {"start": "00:14:20", "end": "00:14:25", "text": "nice would also be a lot of scamming but"}, {"start": "00:14:22", "end": "00:14:28", "text": "scamming is already illegal so if you"}, {"start": "00:14:25", "end": "00:14:30", "text": "scam it's already illegal so you don't"}, {"start": "00:14:28", "end": "00:14:32", "text": "need to have extra stuff it's already"}, {"start": "00:14:30", "end": "00:14:34", "text": "illegal moving on guys Sana tweeted this"}, {"start": "00:14:32", "end": "00:14:36", "text": "999 what it means I don't I don't know"}, {"start": "00:14:34", "end": "00:14:39", "text": "but let me know maybe is that Sana is"}, {"start": "00:14:36", "end": "00:14:41", "text": "going to go to 999 people are guessing"}, {"start": "00:14:39", "end": "00:14:44", "text": "please guess in the comment section"}, {"start": "00:14:41", "end": "00:14:45", "text": "which one you think it is next uh just"}, {"start": "00:14:44", "end": "00:14:49", "text": "like we discussed you know currently we"}, {"start": "00:14:45", "end": "00:14:51", "text": "are right before the next crypto bull uh"}, {"start": "00:14:49", "end": "00:14:54", "text": "within the coming months likely we will"}, {"start": "00:14:51", "end": "00:14:57", "text": "bottom out uh find a bottom maybe"}, {"start": "00:14:54", "end": "00:14:59", "text": "October maybe September who knows but a"}, {"start": "00:14:57", "end": "00:15:01", "text": "lot of people sideline many many many"}, {"start": "00:14:59", "end": "00:15:02", "text": "people are sidelined which is uh and by"}, {"start": "00:15:01", "end": "00:15:04", "text": "the way currently it's good to be"}, {"start": "00:15:02", "end": "00:15:06", "text": "sidelined the worst thing is to just be"}, {"start": "00:15:04", "end": "00:15:08", "text": "holding from the from the top but as"}, {"start": "00:15:06", "end": "00:15:09", "text": "soon as you see momentum happen and"}, {"start": "00:15:08", "end": "00:15:10", "text": "currently there is very little momentum"}, {"start": "00:15:09", "end": "00:15:12", "text": "guys I mean just to be clear there's"}, {"start": "00:15:10", "end": "00:15:14", "text": "there's you know like a few meme coins"}, {"start": "00:15:12", "end": "00:15:16", "text": "have been have been pumping so I don't"}, {"start": "00:15:14", "end": "00:15:18", "text": "want to overexaggerate that something"}, {"start": "00:15:16", "end": "00:15:20", "text": "big has happened nothing big has really"}, {"start": "00:15:18", "end": "00:15:22", "text": "happened But that's why we're we're"}, {"start": "00:15:20", "end": "00:15:25", "text": "preparing. That's why we're here looking"}, {"start": "00:15:22", "end": "00:15:26", "text": "at it because as the rotation starts, we"}, {"start": "00:15:25", "end": "00:15:27", "text": "will be part of it. But just to be"}, {"start": "00:15:26", "end": "00:15:29", "text": "clear, you have not missed anything."}, {"start": "00:15:27", "end": "00:15:31", "text": "Okay? In fact, it's good to be"}, {"start": "00:15:29", "end": "00:15:33", "text": "sidelineed now. It's good to be"}, {"start": "00:15:31", "end": "00:15:34", "text": "sidelineed. The the bad thing is to not"}, {"start": "00:15:33", "end": "00:15:37", "text": "be is to be all in since the since the"}, {"start": "00:15:34", "end": "00:15:38", "text": "peak uh thinking that Wintermute and"}, {"start": "00:15:37", "end": "00:15:40", "text": "Binance are manipulating the bull market"}, {"start": "00:15:38", "end": "00:15:41", "text": "and think that you're still in the bull"}, {"start": "00:15:40", "end": "00:15:43", "text": "market. I mean, many people are still"}, {"start": "00:15:41", "end": "00:15:44", "text": "thinking we're in a bull market and"}, {"start": "00:15:43", "end": "00:15:46", "text": "winter mute and Binance are manipulating"}, {"start": "00:15:44", "end": "00:15:49", "text": "us down. That's the worst. That's the"}, {"start": "00:15:46", "end": "00:15:51", "text": "worst. Now you have to be sidelined."}, {"start": "00:15:49", "end": "00:15:53", "text": "It's actually very very very good. But"}, {"start": "00:15:51", "end": "00:15:57", "text": "remember things are changing. Things are"}, {"start": "00:15:53", "end": "00:16:00", "text": "changing fast and uh now the the default"}, {"start": "00:15:57", "end": "00:16:01", "text": "view is that crypto is phenito and it's"}, {"start": "00:16:00", "end": "00:16:04", "text": "not going to be for long. It's not going"}, {"start": "00:16:01", "end": "00:16:06", "text": "to be for long. Speaking about the anam"}, {"start": "00:16:04", "end": "00:16:08", "text": "coin, it's not doing too well. I mean"}, {"start": "00:16:06", "end": "00:16:11", "text": "I'm I'm very interested in how this"}, {"start": "00:16:08", "end": "00:16:13", "text": "experiment is going to go now. It fell I"}, {"start": "00:16:11", "end": "00:16:16", "text": "mean from the top here it fell like uh"}, {"start": "00:16:13", "end": "00:16:18", "text": "50% from the top. Many people form in"}, {"start": "00:16:16", "end": "00:16:20", "text": "here at the top. Now, Anom himself, he's"}, {"start": "00:16:18", "end": "00:16:23", "text": "doing everything great. I mean, I I"}, {"start": "00:16:20", "end": "00:16:25", "text": "think he's doing everything according to"}, {"start": "00:16:23", "end": "00:16:27", "text": "how he's been saying it. He's been"}, {"start": "00:16:25", "end": "00:16:30", "text": "sharing the gains, he's been sharing the"}, {"start": "00:16:27", "end": "00:16:32", "text": "revenue, etc., etc. And uh I'm just"}, {"start": "00:16:30", "end": "00:16:35", "text": "curious how it all is going to end"}, {"start": "00:16:32", "end": "00:16:37", "text": "because you understand the plebbe is not"}, {"start": "00:16:35", "end": "00:16:40", "text": "appreciating"}, {"start": "00:16:37", "end": "00:16:43", "text": "what you do if the coin does not pump."}, {"start": "00:16:40", "end": "00:16:45", "text": "Okay, man. You can be Mother Teresa. If"}, {"start": "00:16:43", "end": "00:16:48", "text": "Mother Teresa does a coin and she shares"}, {"start": "00:16:45", "end": "00:16:52", "text": "all the revenue and she blesses you and"}, {"start": "00:16:48", "end": "00:16:53", "text": "she says take the revenue"}, {"start": "00:16:52", "end": "00:16:55", "text": "at some point the attention is going to"}, {"start": "00:16:53", "end": "00:16:57", "text": "go to another coin at some point you"}, {"start": "00:16:55", "end": "00:17:00", "text": "know people going to move on. You share"}, {"start": "00:16:57", "end": "00:17:03", "text": "the revenue they just dump it. You try"}, {"start": "00:17:00", "end": "00:17:05", "text": "to get people to be excited but you know"}, {"start": "00:17:03", "end": "00:17:07", "text": "in crypto we have a goldfish brain."}, {"start": "00:17:05", "end": "00:17:10", "text": "We're excited for one week then next"}, {"start": "00:17:07", "end": "00:17:14", "text": "week it's something else. Now in some"}, {"start": "00:17:10", "end": "00:17:16", "text": "cases uh coins do escape do get escape"}, {"start": "00:17:14", "end": "00:17:18", "text": "velocity like dog with hat in the last"}, {"start": "00:17:16", "end": "00:17:20", "text": "cycle and they become kind of you know"}, {"start": "00:17:18", "end": "00:17:22", "text": "demecoin"}, {"start": "00:17:20", "end": "00:17:25", "text": "the asset of that cycle and they have"}, {"start": "00:17:22", "end": "00:17:27", "text": "escape velocity and they keep attention"}, {"start": "00:17:25", "end": "00:17:29", "text": "despite our goldfish brain you"}, {"start": "00:17:27", "end": "00:17:31", "text": "understand so I'm very curious how it's"}, {"start": "00:17:29", "end": "00:17:33", "text": "going to be he's obviously promoting it"}, {"start": "00:17:31", "end": "00:17:36", "text": "a lot. going to go through some of some"}, {"start": "00:17:33", "end": "00:17:38", "text": "of the ways he's trying to uh to promote"}, {"start": "00:17:36", "end": "00:17:39", "text": "it on his streams. And uh I'm curious"}, {"start": "00:17:38", "end": "00:17:41", "text": "how it's going to end because again,"}, {"start": "00:17:39", "end": "00:17:43", "text": "even if you do great things for people,"}, {"start": "00:17:41", "end": "00:17:45", "text": "you you know, you share the revenue."}, {"start": "00:17:43", "end": "00:17:47", "text": "He's sharing millions of dollars in"}, {"start": "00:17:45", "end": "00:17:49", "text": "revenue to the to the holders. You do"}, {"start": "00:17:47", "end": "00:17:52", "text": "the best, they're still not going to be"}, {"start": "00:17:49", "end": "00:17:53", "text": "thankful in case it it drops. You can be"}, {"start": "00:17:52", "end": "00:17:57", "text": "the best Batman. You know, it's like the"}, {"start": "00:17:53", "end": "00:18:00", "text": "Gotham. The Batman saves the Gotham."}, {"start": "00:17:57", "end": "00:18:02", "text": "They they still want to grill him. They"}, {"start": "00:18:00", "end": "00:18:06", "text": "want to catch him. and they want to cage"}, {"start": "00:18:02", "end": "00:18:08", "text": "the Batman. You can have the best Batman"}, {"start": "00:18:06", "end": "00:18:11", "text": "gear. You have the best most shiny"}, {"start": "00:18:08", "end": "00:18:14", "text": "armor. You save them from Joker. You"}, {"start": "00:18:11", "end": "00:18:17", "text": "save them from everything. Still, they"}, {"start": "00:18:14", "end": "00:18:18", "text": "want you in a cage. The same thing is"}, {"start": "00:18:17", "end": "00:18:20", "text": "kind of with cryp. That's why you have"}, {"start": "00:18:18", "end": "00:18:21", "text": "to be a bit careful. I mean, it's also a"}, {"start": "00:18:20", "end": "00:18:24", "text": "bit of human nature. You have to be a"}, {"start": "00:18:21", "end": "00:18:26", "text": "bit cynical here where the pleb if this"}, {"start": "00:18:24", "end": "00:18:28", "text": "thing goes down, no matter how great you"}, {"start": "00:18:26", "end": "00:18:30", "text": "are, how much revenue share you do,"}, {"start": "00:18:28", "end": "00:18:32", "text": "they're going to come grilling. Okay?"}, {"start": "00:18:30", "end": "00:18:34", "text": "they're going to grill you. So Anam has"}, {"start": "00:18:32", "end": "00:18:36", "text": "to be a bit careful here. Now obviously"}, {"start": "00:18:34", "end": "00:18:38", "text": "Abushim Lak there is a chance that it"}, {"start": "00:18:36", "end": "00:18:41", "text": "goes into into escape velocity. There is"}, {"start": "00:18:38", "end": "00:18:43", "text": "a chance that it kind of becomes a"}, {"start": "00:18:41", "end": "00:18:46", "text": "world. What is it? Dog with hat. Dog"}, {"start": "00:18:43", "end": "00:18:49", "text": "with hat. Uh but uh also there's a"}, {"start": "00:18:46", "end": "00:18:51", "text": "chance people just move on. So he's"}, {"start": "00:18:49", "end": "00:18:53", "text": "saying trust me, trust me, trust me,"}, {"start": "00:18:51", "end": "00:18:55", "text": "trust me. I will do my best to share"}, {"start": "00:18:53", "end": "00:18:57", "text": "revenue etc etc. Let's listen to what"}, {"start": "00:18:55", "end": "00:18:58", "text": "he's saying."}, {"start": "00:18:57", "end": "00:19:00", "text": ">> Uh obviously a lot of people trust me. I"}, {"start": "00:18:58", "end": "00:19:01", "text": "think that's that's the biggest reason"}, {"start": "00:19:00", "end": "00:19:03", "text": "that why what I'm doing is different. I"}, {"start": "00:19:01", "end": "00:19:05", "text": "have [�__�] 58% of the supply right"}, {"start": "00:19:03", "end": "00:19:06", "text": "now. People are not concerned I'm going"}, {"start": "00:19:05", "end": "00:19:08", "text": "to be selling the supply. Like people"}, {"start": "00:19:06", "end": "00:19:10", "text": "know I'm using it in the best ways for"}, {"start": "00:19:08", "end": "00:19:11", "text": "marketing the project. People know I"}, {"start": "00:19:10", "end": "00:19:13", "text": "want to give it back to people. People"}, {"start": "00:19:11", "end": "00:19:14", "text": "know I want I want to utilize it with"}, {"start": "00:19:13", "end": "00:19:17", "text": "other protocols. Like they're aware that"}, {"start": "00:19:14", "end": "00:19:18", "text": "I am super bullish on crypto. I would"}, {"start": "00:19:17", "end": "00:19:19", "text": "never want to hurt the community of"}, {"start": "00:19:18", "end": "00:19:21", "text": "people that have put me where I am over"}, {"start": "00:19:19", "end": "00:19:23", "text": "the past nine years. Like I would never"}, {"start": "00:19:21", "end": "00:19:24", "text": "do that. So that's the biggest thing."}, {"start": "00:19:23", "end": "00:19:26", "text": "But also it's like a lot of people don't"}, {"start": "00:19:24", "end": "00:19:28", "text": "go all in with this [�__�] I'm all in"}, {"start": "00:19:26", "end": "00:19:31", "text": "with the [�__�] there's nobody that's"}, {"start": "00:19:28", "end": "00:19:32", "text": "going to be as all-in as me on crypto."}, {"start": "00:19:31", "end": "00:19:34", "text": "There's it's not possible. So, there's"}, {"start": "00:19:32", "end": "00:19:36", "text": "nobody really that can compete with me"}, {"start": "00:19:34", "end": "00:19:38", "text": "in that way. Um, and yeah, just the"}, {"start": "00:19:36", "end": "00:19:38", "text": "community that I've I've engaged with."}, {"start": "00:19:38", "end": "00:19:39", "text": "And"}, {"start": "00:19:38", "end": "00:19:41", "text": ">> yeah, I mean, listen, I I actually don't"}, {"start": "00:19:39", "end": "00:19:42", "text": "doubt him. I think that he is he's"}, {"start": "00:19:41", "end": "00:19:45", "text": "really trying to do something great"}, {"start": "00:19:42", "end": "00:19:46", "text": "here, but uh mine's going to be tough."}, {"start": "00:19:45", "end": "00:19:48", "text": "It's going to be tough, but I wish him"}, {"start": "00:19:46", "end": "00:19:50", "text": "luck. And here is where we we're we're"}, {"start": "00:19:48", "end": "00:19:52", "text": "going to be spectating. But to take a"}, {"start": "00:19:50", "end": "00:19:55", "text": "bet on it now that it has a big"}, {"start": "00:19:52", "end": "00:19:56", "text": "discount, guys, with small amount, just"}, {"start": "00:19:55", "end": "00:19:59", "text": "small amount small amount. I have a"}, {"start": "00:19:56", "end": "00:20:00", "text": "small amount here if in case something"}, {"start": "00:19:59", "end": "00:20:03", "text": "happens here because in terms of"}, {"start": "00:20:00", "end": "00:20:05", "text": "attention it is uh basically this coin"}, {"start": "00:20:03", "end": "00:20:09", "text": "that has attention and then you know on"}, {"start": "00:20:05", "end": "00:20:11", "text": "Robin Hood it is a cash cat or something"}, {"start": "00:20:09", "end": "00:20:13", "text": "and that one basically is is the two is"}, {"start": "00:20:11", "end": "00:20:17", "text": "the two is the two. So I have a small"}, {"start": "00:20:13", "end": "00:20:18", "text": "small small small bag small small bag"}, {"start": "00:20:17", "end": "00:20:21", "text": "but that's it that's it that's it in"}, {"start": "00:20:18", "end": "00:20:23", "text": "case they go to the dog with hat level."}, {"start": "00:20:21", "end": "00:20:25", "text": "Fantastic. Fantastic. But now that he"}, {"start": "00:20:23", "end": "00:20:27", "text": "dumped basically 50% from the peak, I"}, {"start": "00:20:25", "end": "00:20:29", "text": "did pick up a bit because I see he's"}, {"start": "00:20:27", "end": "00:20:32", "text": "working. He's working for Anam is really"}, {"start": "00:20:29", "end": "00:20:34", "text": "working. Like every day he's tweeting,"}, {"start": "00:20:32", "end": "00:20:37", "text": "he's pushing it. Uh, fantastic."}, {"start": "00:20:34", "end": "00:20:39", "text": "Fantastic. And uh, he has a hard job. He"}, {"start": "00:20:37", "end": "00:20:41", "text": "may he very high chance that he gets"}, {"start": "00:20:39", "end": "00:20:43", "text": "grilled by the pleb. He becomes the main"}, {"start": "00:20:41", "end": "00:20:45", "text": "character in crypto. We grill all main"}, {"start": "00:20:43", "end": "00:20:49", "text": "characters. That's why you don't want to"}, {"start": "00:20:45", "end": "00:20:51", "text": "get like too big on Twitter. We grill"}, {"start": "00:20:49", "end": "00:20:52", "text": "all main character. Uh, and especially"}, {"start": "00:20:51", "end": "00:20:54", "text": "if you have a coin, man, you're going to"}, {"start": "00:20:52", "end": "00:20:56", "text": "get grilled so bad if it goes down,"}, {"start": "00:20:54", "end": "00:20:57", "text": "which is inevitable at some point. Uh,"}, {"start": "00:20:56", "end": "00:20:59", "text": "you're going to get grilled a lot. A"}, {"start": "00:20:57", "end": "00:21:00", "text": "lot. But, but maybe he's different."}, {"start": "00:20:59", "end": "00:21:02", "text": "Let's see. Let's see. Let's see. He's"}, {"start": "00:21:00", "end": "00:21:05", "text": "saying here he will be like Mr. Beast."}, {"start": "00:21:02", "end": "00:21:06", "text": "Let's listen. I know um it's a goal of"}, {"start": "00:21:05", "end": "00:21:09", "text": "yours and of this community and of this"}, {"start": "00:21:06", "end": "00:21:10", "text": "effort to eventually flip Mr. Beast."}, {"start": "00:21:09", "end": "00:21:12", "text": ">> Yes, sir."}, {"start": "00:21:10", "end": "00:21:13", "text": ">> And what what time frame are we working"}, {"start": "00:21:12", "end": "00:21:16", "text": "with? Ideally, for you in a perfect"}, {"start": "00:21:13", "end": "00:21:18", "text": "world, dream scenario, flip Mr. Beast by"}, {"start": "00:21:16", "end": "00:21:19", "text": "when?"}, {"start": "00:21:18", "end": "00:21:21", "text": ">> By end of the year. Uh, honestly, by the"}, {"start": "00:21:19", "end": "00:21:23", "text": "end of the year, I think if I'm right on"}, {"start": "00:21:21", "end": "00:21:25", "text": "Salana and right on markets and right on"}, {"start": "00:21:23", "end": "00:21:26", "text": "the onchain trends occurring, um, I"}, {"start": "00:21:25", "end": "00:21:29", "text": "think we can give away more than $200"}, {"start": "00:21:26", "end": "00:21:30", "text": "million by end of the year. And I say"}, {"start": "00:21:29", "end": "00:21:33", "text": "that because I kind of have a"}, {"start": "00:21:30", "end": "00:21:35", "text": "supercharged uh, asset that Mr. Beast"}, {"start": "00:21:33", "end": "00:21:36", "text": "doesn't have. I have a token that's kind"}, {"start": "00:21:35", "end": "00:21:38", "text": "of connected to me and connected to"}, {"start": "00:21:36", "end": "00:21:40", "text": "memes, connected to the bull market on"}, {"start": "00:21:38", "end": "00:21:42", "text": "Salana. Um, and last cycle, if you saw"}, {"start": "00:21:40", "end": "00:21:43", "text": "what happened with memes, Bonk went to"}, {"start": "00:21:42", "end": "00:21:46", "text": "[�__�] five billion. Whiff went to"}, {"start": "00:21:43", "end": "00:21:47", "text": "[�__�] five billion. Um, but I wasn't"}, {"start": "00:21:46", "end": "00:21:48", "text": "on the team. Didn't have good supply"}, {"start": "00:21:47", "end": "00:21:50", "text": "control on it. did have good control of"}, {"start": "00:21:48", "end": "00:21:51", "text": "the narrative and the things that you"}, {"start": "00:21:50", "end": "00:21:52", "text": "can do around marketing and"}, {"start": "00:21:51", "end": "00:21:55", "text": "entertainment with the coin and in this"}, {"start": "00:21:52", "end": "00:21:57", "text": "situation I do um and I think that it's"}, {"start": "00:21:55", "end": "00:21:58", "text": "really important at the beginning of"}, {"start": "00:21:57", "end": "00:21:59", "text": "these bull markets in crypto that the"}, {"start": "00:21:58", "end": "00:22:01", "text": "core protocol"}, {"start": "00:21:59", "end": "00:22:03", "text": ">> so guys I think for us like the way I"}, {"start": "00:22:01", "end": "00:22:06", "text": "see it the way I see it anom here is"}, {"start": "00:22:03", "end": "00:22:09", "text": "taking a massive risk massive personal"}, {"start": "00:22:06", "end": "00:22:12", "text": "risk he may get grilled as a as a"}, {"start": "00:22:09", "end": "00:22:16", "text": "influencer you lose trust etc etc etc"}, {"start": "00:22:12", "end": "00:22:20", "text": "for me to have a small allocation to to"}, {"start": "00:22:16", "end": "00:22:22", "text": "see him do it to see him try to make the"}, {"start": "00:22:20", "end": "00:22:23", "text": "move. It does make sense because"}, {"start": "00:22:22", "end": "00:22:24", "text": "currently there is not too much. So I"}, {"start": "00:22:23", "end": "00:22:26", "text": "will I'm putting a small small small"}, {"start": "00:22:24", "end": "00:22:28", "text": "occasion now that is down 50%. We're not"}, {"start": "00:22:26", "end": "00:22:31", "text": "buying the peak. We're not the playback"}, {"start": "00:22:28", "end": "00:22:32", "text": "following in uh but it could also be"}, {"start": "00:22:31", "end": "00:22:34", "text": "that you know we buy and it goes to"}, {"start": "00:22:32", "end": "00:22:35", "text": "zero. I mean that's how it is with the"}, {"start": "00:22:34", "end": "00:22:37", "text": "small caps. You you buy that goes to"}, {"start": "00:22:35", "end": "00:22:39", "text": "zero many times but that's how it is."}, {"start": "00:22:37", "end": "00:22:41", "text": "That's how it is. So don't come back"}, {"start": "00:22:39", "end": "00:22:43", "text": "crying to me guys. I keep telling you no"}, {"start": "00:22:41", "end": "00:22:45", "text": "crying. No crying in the casino. No"}, {"start": "00:22:43", "end": "00:22:47", "text": "crying in the comment section. I tell"}, {"start": "00:22:45", "end": "00:22:49", "text": "you something, it doesn't work out. You"}, {"start": "00:22:47", "end": "00:22:50", "text": "should have had stop loss. Why you don't"}, {"start": "00:22:49", "end": "00:22:52", "text": "have stop loss? You don't know the"}, {"start": "00:22:50", "end": "00:22:54", "text": "mechanical rules. You're uneducated. I"}, {"start": "00:22:52", "end": "00:22:56", "text": "told you go to bulmania how many times?"}, {"start": "00:22:54", "end": "00:22:58", "text": "I told you to sign up for the weight"}, {"start": "00:22:56", "end": "00:22:59", "text": "list how many times? I told you to watch"}, {"start": "00:22:58", "end": "00:23:00", "text": "the mechanical rules video here how many"}, {"start": "00:22:59", "end": "00:23:02", "text": "times and you still don't have"}, {"start": "00:23:00", "end": "00:23:05", "text": "stop-loss. M the first thing you learn"}, {"start": "00:23:02", "end": "00:23:07", "text": "in mechanical rules."}, {"start": "00:23:05", "end": "00:23:09", "text": "Oh no, it went down. Okay, good, good,"}, {"start": "00:23:07", "end": "00:23:12", "text": "good. It's good lesson. I'm happy that"}, {"start": "00:23:09", "end": "00:23:14", "text": "your bag went down. I'm very happy that"}, {"start": "00:23:12", "end": "00:23:16", "text": "you lost because it's a lesson that you"}, {"start": "00:23:14", "end": "00:23:18", "text": "need to learn financially by financial"}, {"start": "00:23:16", "end": "00:23:20", "text": "pain. You don't learn lessons about"}, {"start": "00:23:18", "end": "00:23:22", "text": "stop-loss by just reading about"}, {"start": "00:23:20", "end": "00:23:24", "text": "stop-loss. You actually learn it by"}, {"start": "00:23:22", "end": "00:23:26", "text": "having financial pain. So, I'm happy for"}, {"start": "00:23:24", "end": "00:23:28", "text": "you. I'm happy for you. You lost money."}, {"start": "00:23:26", "end": "00:23:29", "text": "That's very good. I mean, my biggest"}, {"start": "00:23:28", "end": "00:23:31", "text": "lessons in markets have also come from"}, {"start": "00:23:29", "end": "00:23:33", "text": "losing a lot of money. And I I mean, I"}, {"start": "00:23:31", "end": "00:23:35", "text": "lost a lot. If you read my book here,"}, {"start": "00:23:33", "end": "00:23:37", "text": "big profits, big big profits. I lost a"}, {"start": "00:23:35", "end": "00:23:40", "text": "lot. I lost a lot. I learned from it."}, {"start": "00:23:37", "end": "00:23:43", "text": "And uh it's been quite life-changing. So"}, {"start": "00:23:40", "end": "00:23:46", "text": "that's very important. No crying in"}, {"start": "00:23:43", "end": "00:23:50", "text": "kaino. No crying in comment section. Big"}, {"start": "00:23:46", "end": "00:23:53", "text": "boy pants on. Like confirm like and"}, {"start": "00:23:50", "end": "00:23:55", "text": "confirm subscribe. Very important. Now"}, {"start": "00:23:53", "end": "00:23:58", "text": "moving on. Moving on guys. We have the"}, {"start": "00:23:55", "end": "00:24:00", "text": "return of the Empire Strikes Back."}, {"start": "00:23:58", "end": "00:24:04", "text": "Basically you know we have this this"}, {"start": "00:24:00", "end": "00:24:07", "text": "lady Elizabeth Warren. She has been in"}, {"start": "00:24:04", "end": "00:24:10", "text": "exile for the past year or so basically"}, {"start": "00:24:07", "end": "00:24:12", "text": "since Trump won election. She has not"}, {"start": "00:24:10", "end": "00:24:14", "text": "had a lot of power. All Democrats"}, {"start": "00:24:12", "end": "00:24:16", "text": "basically became castrated after Trump"}, {"start": "00:24:14", "end": "00:24:18", "text": "won all the houses, all of the what is"}, {"start": "00:24:16", "end": "00:24:20", "text": "it? Congress, House, all he won"}, {"start": "00:24:18", "end": "00:24:23", "text": "everything. He won everything. So, we"}, {"start": "00:24:20", "end": "00:24:25", "text": "don't hear a lot from her. But Empire is"}, {"start": "00:24:23", "end": "00:24:27", "text": "going to strike back bigly, guys,"}, {"start": "00:24:25", "end": "00:24:29", "text": "because you know, we have mid midterm"}, {"start": "00:24:27", "end": "00:24:31", "text": "election likely there's going to be a"}, {"start": "00:24:29", "end": "00:24:34", "text": "bit of shakeup. Democrats going to be"}, {"start": "00:24:31", "end": "00:24:36", "text": "back and we're not political. We're not"}, {"start": "00:24:34", "end": "00:24:39", "text": "political on all other issues."}, {"start": "00:24:36", "end": "00:24:41", "text": "Non-political on crypto. It is just very"}, {"start": "00:24:39", "end": "00:24:44", "text": "clear who is pro- crypto and not pro"}, {"start": "00:24:41", "end": "00:24:46", "text": "crypto. So that's why by definition you"}, {"start": "00:24:44", "end": "00:24:49", "text": "understand we it's we have no choice but"}, {"start": "00:24:46", "end": "00:24:51", "text": "to like the the Republican a bit more."}, {"start": "00:24:49", "end": "00:24:53", "text": "But I'm apolitical. You're a Democrat."}, {"start": "00:24:51", "end": "00:24:55", "text": "You're welcome. You have a nose pierce"}, {"start": "00:24:53", "end": "00:24:57", "text": "pierce ring in the nose. You're welcome"}, {"start": "00:24:55", "end": "00:25:00", "text": "man. Yeah. Blue hair. You're welcome."}, {"start": "00:24:57", "end": "00:25:04", "text": "Welcome. He him. She his what the hell."}, {"start": "00:25:00", "end": "00:25:06", "text": "You're welcome. We're aolitical."}, {"start": "00:25:04", "end": "00:25:10", "text": "Write in comment section apolitical."}, {"start": "00:25:06", "end": "00:25:12", "text": "We're apolitical. We're not political."}, {"start": "00:25:10", "end": "00:25:14", "text": "Okay. Very important. So, uh, but in"}, {"start": "00:25:12", "end": "00:25:17", "text": "this case, when it comes to crypto, it's"}, {"start": "00:25:14", "end": "00:25:19", "text": "just like it's so clear, man."}, {"start": "00:25:17", "end": "00:25:22", "text": "So clear."}, {"start": "00:25:19", "end": "00:25:24", "text": "So, uh, Lumis is trying to get the"}, {"start": "00:25:22", "end": "00:25:27", "text": "Clarity Act. She's trying, she's trying,"}, {"start": "00:25:24", "end": "00:25:31", "text": "she's trying to get the Clarity Act."}, {"start": "00:25:27", "end": "00:25:34", "text": "Warren has come out and said the Clarity"}, {"start": "00:25:31", "end": "00:25:36", "text": "Act is a ticket for sanctionation at"}, {"start": "00:25:34", "end": "00:25:37", "text": "again attacking crypto saying that"}, {"start": "00:25:36", "end": "00:25:40", "text": "crypto is somehow connected to"}, {"start": "00:25:37", "end": "00:25:43", "text": "sanctionation."}, {"start": "00:25:40", "end": "00:25:46", "text": "Lumis coming back saying we both want"}, {"start": "00:25:43", "end": "00:25:49", "text": "bad actors held accountable. The"}, {"start": "00:25:46", "end": "00:25:52", "text": "difference is I'm working on solution."}, {"start": "00:25:49", "end": "00:25:54", "text": "You're shouting into the void hoping the"}, {"start": "00:25:52", "end": "00:25:58", "text": "status quo fix itself. So, it's the"}, {"start": "00:25:54", "end": "00:26:00", "text": "battle of the grandma, the battle of the"}, {"start": "00:25:58", "end": "00:26:02", "text": "elderly ladies. Let's see who is going"}, {"start": "00:26:00", "end": "00:26:04", "text": "to win. Place your bets. But just like"}, {"start": "00:26:02", "end": "00:26:07", "text": "Hib is speaking about here, we may see a"}, {"start": "00:26:04", "end": "00:26:11", "text": "bit of a backlash guys. I mean, if"}, {"start": "00:26:07", "end": "00:26:14", "text": "Democrats come into power, oi"}, {"start": "00:26:11", "end": "00:26:17", "text": "guys, o, we need to be prepared if you"}, {"start": "00:26:14", "end": "00:26:19", "text": "have crypto business. Um, you you you"}, {"start": "00:26:17", "end": "00:26:21", "text": "need to be prepared."}, {"start": "00:26:19", "end": "00:26:25", "text": "You need to be prepared. Uh, yeah. Let's"}, {"start": "00:26:21", "end": "00:26:27", "text": "see. Hib, please take over."}, {"start": "00:26:25", "end": "00:26:29", "text": ">> Yeah, I think there's a um there's an"}, {"start": "00:26:27", "end": "00:26:31", "text": "unfortunate reality here, which is that"}, {"start": "00:26:29", "end": "00:26:33", "text": "we're going to kind of see, but there's"}, {"start": "00:26:31", "end": "00:26:35", "text": "I I suspect there's a lot of political"}, {"start": "00:26:33", "end": "00:26:37", "text": "pain coming because of this. Like this"}, {"start": "00:26:35", "end": "00:26:38", "text": "is just there's a lot of stuff in crypto"}, {"start": "00:26:37", "end": "00:26:41", "text": "that's hard to understand. This is easy"}, {"start": "00:26:38", "end": "00:26:43", "text": "to understand. President made $2 billion"}, {"start": "00:26:41", "end": "00:26:46", "text": "from crypto and everybody who invested"}, {"start": "00:26:43", "end": "00:26:48", "text": "in it lost money. Uh that that feels"}, {"start": "00:26:46", "end": "00:26:51", "text": "bad. And like almost like the perfect"}, {"start": "00:26:48", "end": "00:26:54", "text": "obviously like to your point Tom like he"}, {"start": "00:26:51", "end": "00:26:55", "text": "that money was not made by like traders"}, {"start": "00:26:54", "end": "00:26:57", "text": "losing money or something like that that"}, {"start": "00:26:55", "end": "00:26:59", "text": "obviously can't be the way in which"}, {"start": "00:26:57", "end": "00:27:01", "text": "Trump monetizes royalties or something."}, {"start": "00:26:59", "end": "00:27:04", "text": "But that perfect equivalence between the"}, {"start": "00:27:01", "end": "00:27:06", "text": "two makes for just a really bad"}, {"start": "00:27:04", "end": "00:27:08", "text": "narrative for for this whole ethics"}, {"start": "00:27:06", "end": "00:27:10", "text": "conversation which is increasingly going"}, {"start": "00:27:08", "end": "00:27:13", "text": "to be animating uh the conversation"}, {"start": "00:27:10", "end": "00:27:13", "text": "around crypto. So So we'll see. But"}, {"start": "00:27:13", "end": "00:27:16", "text": "yeah, I think it's"}, {"start": "00:27:13", "end": "00:27:18", "text": ">> Yeah. So"}, {"start": "00:27:16", "end": "00:27:20", "text": "man, if you're a Democrat, you have such"}, {"start": "00:27:18", "end": "00:27:22", "text": "an easy life now. If you are a"}, {"start": "00:27:20", "end": "00:27:24", "text": "democratic politician, you have Yeah. I"}, {"start": "00:27:22", "end": "00:27:27", "text": "mean, you have basically open goal. You"}, {"start": "00:27:24", "end": "00:27:30", "text": "know, you you guys like football."}, {"start": "00:27:27", "end": "00:27:33", "text": "Uh you guys like uh guys kicking ball."}, {"start": "00:27:30", "end": "00:27:35", "text": "If you think analogy, imagine Holland."}, {"start": "00:27:33", "end": "00:27:37", "text": "Bum bum bum. He's running and it's open"}, {"start": "00:27:35", "end": "00:27:40", "text": "goal. And Holland is like Elizabeth"}, {"start": "00:27:37", "end": "00:27:41", "text": "Warren. Okay. She she's like running"}, {"start": "00:27:40", "end": "00:27:44", "text": "with like like he does with his head"}, {"start": "00:27:41", "end": "00:27:46", "text": "like forward like this. Okay."}, {"start": "00:27:44", "end": "00:27:47", "text": "It's like that, man. It's like it's so"}, {"start": "00:27:46", "end": "00:27:49", "text": "easy, man. It's so easy now. It's so"}, {"start": "00:27:47", "end": "00:27:52", "text": "easy. You have Trump making two billion,"}, {"start": "00:27:49", "end": "00:27:55", "text": "Melania coin down 99%. Trump coin down"}, {"start": "00:27:52", "end": "00:27:58", "text": "99%. You have all of these insider"}, {"start": "00:27:55", "end": "00:28:00", "text": "allegations in in stock market trading"}, {"start": "00:27:58", "end": "00:28:03", "text": "via hyperlquid. Oh my god, man. I would"}, {"start": "00:28:00", "end": "00:28:06", "text": "I would I would be communistic dictator"}, {"start": "00:28:03", "end": "00:28:08", "text": "easily here. I would be"}, {"start": "00:28:06", "end": "00:28:12", "text": "if they don't utilize it. If Democrats"}, {"start": "00:28:08", "end": "00:28:15", "text": "don't utilize it to unite everyone, get"}, {"start": "00:28:12", "end": "00:28:18", "text": "them to vote, man, it's uh some problem"}, {"start": "00:28:15", "end": "00:28:20", "text": "up here with"}, {"start": "00:28:18", "end": "00:28:21", "text": "a kind of measurement for uh yeah, I"}, {"start": "00:28:20", "end": "00:28:24", "text": "don't want to say it loud, but yeah,"}, {"start": "00:28:21", "end": "00:28:27", "text": "it's some problem up here with uh some"}, {"start": "00:28:24", "end": "00:28:29", "text": "points, but uh it's yeah, it's uh very"}, {"start": "00:28:27", "end": "00:28:31", "text": "easy. It should be very easy. Should be"}, {"start": "00:28:29", "end": "00:28:33", "text": "very very easy. And listen, I mean, they"}, {"start": "00:28:31", "end": "00:28:36", "text": "are they are utilizing it fully."}, {"start": "00:28:33", "end": "00:28:37", "text": "Elizabeth Warren coming out saying any"}, {"start": "00:28:36", "end": "00:28:39", "text": "crypto legislation that does not stop"}, {"start": "00:28:37", "end": "00:28:41", "text": "Donald Trump and his family from"}, {"start": "00:28:39", "end": "00:28:43", "text": "continuing to profit off of crypto is"}, {"start": "00:28:41", "end": "00:28:44", "text": "failing the American Oh man, this going"}, {"start": "00:28:43", "end": "00:28:48", "text": "to resonate so nice. It's going to"}, {"start": "00:28:44", "end": "00:28:49", "text": "resonate so nice with the American"}, {"start": "00:28:48", "end": "00:28:53", "text": "people. It's going to resonate so nice."}, {"start": "00:28:49", "end": "00:28:56", "text": "I mean this Oh yeah, it's um it's great"}, {"start": "00:28:53", "end": "00:28:58", "text": "like it's going to resonate very nice."}, {"start": "00:28:56", "end": "00:29:02", "text": "Average person struggling, average"}, {"start": "00:28:58", "end": "00:29:04", "text": "person fired, average person uh has a"}, {"start": "00:29:02", "end": "00:29:06", "text": "very high cost, living cost, everything"}, {"start": "00:29:04", "end": "00:29:07", "text": "is high. The average person is not"}, {"start": "00:29:06", "end": "00:29:09", "text": "winning. Like that's the problem. The"}, {"start": "00:29:07", "end": "00:29:12", "text": "average person is getting fleeced in all"}, {"start": "00:29:09", "end": "00:29:17", "text": "directions for many different reasons."}, {"start": "00:29:12", "end": "00:29:20", "text": "And they want a a a some way to channel"}, {"start": "00:29:17", "end": "00:29:22", "text": "that. And then you see Trump making"}, {"start": "00:29:20", "end": "00:29:25", "text": "billions. Oh my god. Oh my god. Yeah."}, {"start": "00:29:22", "end": "00:29:27", "text": "Yeah. A report from a cryptocurrency"}, {"start": "00:29:25", "end": "00:29:29", "text": "analytics firm details how those who"}, {"start": "00:29:27", "end": "00:29:30", "text": "bought the Trump memecoin have fared"}, {"start": "00:29:29", "end": "00:29:32", "text": "with most recent investors having lost"}, {"start": "00:29:30", "end": "00:29:35", "text": "money while sophisticated traders did"}, {"start": "00:29:32", "end": "00:29:36", "text": "better. Oh yo"}, {"start": "00:29:35", "end": "00:29:39", "text": "New York Times nearly a million"}, {"start": "00:29:36", "end": "00:29:41", "text": "investors lost a total of 3.8 billion on"}, {"start": "00:29:39", "end": "00:29:43", "text": "Trump. Okay guys if I would be Elizabeth"}, {"start": "00:29:41", "end": "00:29:46", "text": "Warren this what I would do. How much"}, {"start": "00:29:43", "end": "00:29:48", "text": "did people lose in Bernie Maidoff? How"}, {"start": "00:29:46", "end": "00:29:50", "text": "much? How much? 10 billion. How how much"}, {"start": "00:29:48", "end": "00:29:52", "text": "they lost? You need to compare that to"}, {"start": "00:29:50", "end": "00:29:55", "text": "that. I would say listen you remember"}, {"start": "00:29:52", "end": "00:29:59", "text": "Bernie Maidov how big of a scandal it"}, {"start": "00:29:55", "end": "00:30:03", "text": "was Trump is like the same size but"}, {"start": "00:29:59", "end": "00:30:05", "text": "Bernie Maidoff scammed the rich people"}, {"start": "00:30:03", "end": "00:30:07", "text": "scammed the average pleba so it's even"}, {"start": "00:30:05", "end": "00:30:11", "text": "worse man they should they should hire"}, {"start": "00:30:07", "end": "00:30:11", "text": "me let's do communistic revolution"}, {"start": "00:30:13", "end": "00:30:18", "text": "but we would have a field day we would"}, {"start": "00:30:15", "end": "00:30:20", "text": "have a field day we have a field day how"}, {"start": "00:30:18", "end": "00:30:22", "text": "much did SBF lose how much do you you"}, {"start": "00:30:20", "end": "00:30:26", "text": "remember SBF F how big of a scandal"}, {"start": "00:30:22", "end": "00:30:29", "text": "Trump man it's even bigger"}, {"start": "00:30:26", "end": "00:30:32", "text": "but SBF was international you know many"}, {"start": "00:30:29", "end": "00:30:34", "text": "international Trump coin was his"}, {"start": "00:30:32", "end": "00:30:36", "text": "supporters mainly in the US it's like"}, {"start": "00:30:34", "end": "00:30:38", "text": "worse"}, {"start": "00:30:36", "end": "00:30:40", "text": "oh guys I mean it's it's going to get"}, {"start": "00:30:38", "end": "00:30:42", "text": "spicy as hell it's just man there are so"}, {"start": "00:30:40", "end": "00:30:45", "text": "many spicy things here happening it's"}, {"start": "00:30:42", "end": "00:30:47", "text": "crazy man with how Anom is going to do"}, {"start": "00:30:45", "end": "00:30:51", "text": "how how this is going to be it's amazing"}, {"start": "00:30:47", "end": "00:30:52", "text": "man we have like a It's a acrobatic"}, {"start": "00:30:51", "end": "00:30:54", "text": "show. We see in real time how these guys"}, {"start": "00:30:52", "end": "00:30:59", "text": "do it. It's crazy, man. It's crazy. Let"}, {"start": "00:30:54", "end": "00:31:03", "text": "me take some coffee now. Moving on."}, {"start": "00:30:59", "end": "00:31:03", "text": "KGB Ivan. Exactly."}, {"start": "00:31:03", "end": "00:31:07", "text": "We would have a field day. We would have"}, {"start": "00:31:04", "end": "00:31:11", "text": "a field day. Yeah. Anyway, moving on"}, {"start": "00:31:07", "end": "00:31:15", "text": "guys. So as the plebe is watching the"}, {"start": "00:31:11", "end": "00:31:15", "text": "world cup"}, {"start": "00:31:18", "end": "00:31:23", "text": "play watching drinking beer watching"}, {"start": "00:31:21", "end": "00:31:26", "text": "with the boys."}, {"start": "00:31:23", "end": "00:31:28", "text": "You see politician passing law law bum"}, {"start": "00:31:26", "end": "00:31:29", "text": "bum bum. Regulation regulation"}, {"start": "00:31:28", "end": "00:31:31", "text": "regulation. No one is watching."}, {"start": "00:31:29", "end": "00:31:34", "text": "Everyone's like"}, {"start": "00:31:31", "end": "00:31:35", "text": "bum BUM BUM BUM BUM. They're printing."}, {"start": "00:31:34", "end": "00:31:37", "text": "They're printing regulation. They're"}, {"start": "00:31:35", "end": "00:31:41", "text": "printing it. They're printing it while"}, {"start": "00:31:37", "end": "00:31:42", "text": "they play as a circus circus and bread."}, {"start": "00:31:41", "end": "00:31:46", "text": "They're printing the hell out of it."}, {"start": "00:31:42", "end": "00:31:49", "text": "They have now chat control installed."}, {"start": "00:31:46", "end": "00:31:53", "text": "They did some kind of procedure there"}, {"start": "00:31:49", "end": "00:31:55", "text": "where they passed the law uh in a some"}, {"start": "00:31:53", "end": "00:31:57", "text": "kind of fast way. You guys can research"}, {"start": "00:31:55", "end": "00:31:59", "text": "it. I'm as you know we are a political"}, {"start": "00:31:57", "end": "00:32:01", "text": "channel so I cannot tell you the details"}, {"start": "00:31:59", "end": "00:32:04", "text": "but they did pass a law in some kind of"}, {"start": "00:32:01", "end": "00:32:06", "text": "fast way"}, {"start": "00:32:04", "end": "00:32:08", "text": "and the parliament already voted many"}, {"start": "00:32:06", "end": "00:32:11", "text": "times no for it is the parliament voted"}, {"start": "00:32:08", "end": "00:32:15", "text": "five times no for this child control"}, {"start": "00:32:11", "end": "00:32:20", "text": "they still passed it I mean I'm man I as"}, {"start": "00:32:15", "end": "00:32:22", "text": "a aspiring communistic dictator I I it's"}, {"start": "00:32:20", "end": "00:32:23", "text": "respect respect let's see how they did"}, {"start": "00:32:22", "end": "00:32:25", "text": "let's see let's see how they did it"}, {"start": "00:32:23", "end": "00:32:28", "text": "let's see how they did from Fidas here."}, {"start": "00:32:25", "end": "00:32:30", "text": "From Fidas. Let's see."}, {"start": "00:32:28", "end": "00:32:33", "text": ">> Chat control here in the European"}, {"start": "00:32:30", "end": "00:32:35", "text": "Parliament. This came also in the past"}, {"start": "00:32:33", "end": "00:32:37", "text": "and we rejected it here in the European"}, {"start": "00:32:35", "end": "00:32:40", "text": "Parliament and they are bringing it"}, {"start": "00:32:37", "end": "00:32:42", "text": "again. And this is very scandalous guys"}, {"start": "00:32:40", "end": "00:32:44", "text": "because we voted already and now"}, {"start": "00:32:42", "end": "00:32:46", "text": "hopefully we stop it. But I'm afraid"}, {"start": "00:32:44", "end": "00:32:48", "text": "that behind closed doors they did some"}, {"start": "00:32:46", "end": "00:32:51", "text": "deals with members of the European"}, {"start": "00:32:48", "end": "00:32:51", "text": "Parliament and they will pass it. Put"}, {"start": "00:32:51", "end": "00:32:53", "text": "the C in."}, {"start": "00:32:51", "end": "00:32:56", "text": ">> The vote is open."}, {"start": "00:32:53", "end": "00:32:59", "text": ">> Bad news guys. chat control passed even"}, {"start": "00:32:56", "end": "00:33:01", "text": "though the majority of the members of"}, {"start": "00:32:59", "end": "00:33:03", "text": "the European Parliament voted to reject"}, {"start": "00:33:01", "end": "00:33:05", "text": "it. We needed to reach an absolute"}, {"start": "00:33:03", "end": "00:33:08", "text": "majority and we were not able to reach"}, {"start": "00:33:05", "end": "00:33:10", "text": "it. Some amendments did pass though"}, {"start": "00:33:08", "end": "00:33:12", "text": "about the end to end encryption"}, {"start": "00:33:10", "end": "00:33:14", "text": "messages. So they will not be able to"}, {"start": "00:33:12", "end": "00:33:17", "text": "scan those which that's a good thing."}, {"start": "00:33:14", "end": "00:33:19", "text": "But this is a sad day for freedom."}, {"start": "00:33:17", "end": "00:33:22", "text": ">> Yeah. So uh that continues. Uh so keep"}, {"start": "00:33:19", "end": "00:33:24", "text": "an eye. Uh next you see uh Binance they"}, {"start": "00:33:22", "end": "00:33:27", "text": "don't have EU license. Binance did not"}, {"start": "00:33:24", "end": "00:33:30", "text": "get EU license. And the CEO of Binance"}, {"start": "00:33:27", "end": "00:33:33", "text": "Richard Teng who took over after CZ is"}, {"start": "00:33:30", "end": "00:33:36", "text": "sharing some insights into how Mika is"}, {"start": "00:33:33", "end": "00:33:38", "text": "affecting Binance users. Basically Mika"}, {"start": "00:33:36", "end": "00:33:40", "text": "is forcing everyone to do self-custody"}, {"start": "00:33:38", "end": "00:33:43", "text": "which is actually good is good. Listen"}, {"start": "00:33:40", "end": "00:33:43", "text": "to this."}, {"start": "00:33:45", "end": "00:33:51", "text": "Check check. Richard"}, {"start": "00:33:49", "end": "00:33:52", "text": "don't hear some problem with our live"}, {"start": "00:33:51", "end": "00:33:56", "text": "communication here. policy"}, {"start": "00:33:52", "end": "00:33:59", "text": ">> just as an interesting anecdote right so"}, {"start": "00:33:56", "end": "00:34:01", "text": "of the users in in EU that we have that"}, {"start": "00:33:59", "end": "00:34:03", "text": "subsequently withdraw their funds out of"}, {"start": "00:34:01", "end": "00:34:06", "text": "the our platform"}, {"start": "00:34:03", "end": "00:34:09", "text": "70% of them of those funds go to"}, {"start": "00:34:06", "end": "00:34:12", "text": "self-hosted wallets only 30% flows to ma"}, {"start": "00:34:09", "end": "00:34:13", "text": "regulator entity so that is pretty"}, {"start": "00:34:12", "end": "00:34:15", "text": "interesting from a regulatory angle"}, {"start": "00:34:13", "end": "00:34:19", "text": "because I'm a ex-regulator so I can say"}, {"start": "00:34:15", "end": "00:34:21", "text": "that does the ma regime then serve its"}, {"start": "00:34:19", "end": "00:34:22", "text": "purpose to make sure that you know you"}, {"start": "00:34:21", "end": "00:34:25", "text": "minimize risk is for the users because"}, {"start": "00:34:22", "end": "00:34:27", "text": "once it goes into self-hosted wallet the"}, {"start": "00:34:25", "end": "00:34:30", "text": "risk actually amplify you don't have"}, {"start": "00:34:27", "end": "00:34:31", "text": ">> now he spreads fat about self custo guys"}, {"start": "00:34:30", "end": "00:34:33", "text": "don't worry self custodial is the best"}, {"start": "00:34:31", "end": "00:34:34", "text": "it's the best so he's saying they"}, {"start": "00:34:33", "end": "00:34:36", "text": "withdraw to self-custodial then he"}, {"start": "00:34:34", "end": "00:34:37", "text": "spreads fat that self custodial is"}, {"start": "00:34:36", "end": "00:34:39", "text": "somehow bad don't spread fat don't"}, {"start": "00:34:37", "end": "00:34:41", "text": "spread fat say that it's the best listen"}, {"start": "00:34:39", "end": "00:34:43", "text": "it's the best say that mik is the best"}, {"start": "00:34:41", "end": "00:34:45", "text": "it force everyone to withdraw to to"}, {"start": "00:34:43", "end": "00:34:46", "text": "self-custodial because Binance has no ma"}, {"start": "00:34:45", "end": "00:34:49", "text": "license so I think it's the best outcome"}, {"start": "00:34:46", "end": "00:34:51", "text": "of the both worlds big shout out to Mika"}, {"start": "00:34:49", "end": "00:34:54", "text": "big shout out to the to Richard here."}, {"start": "00:34:51", "end": "00:34:58", "text": "Now, there are interesting things"}, {"start": "00:34:54", "end": "00:35:02", "text": "happening in the AI space, guys, where"}, {"start": "00:34:58", "end": "00:35:05", "text": "Anthropic now appointed Ben Bernani to"}, {"start": "00:35:02", "end": "00:35:09", "text": "its governance board."}, {"start": "00:35:05", "end": "00:35:12", "text": "Okay, very interesting. Ah, just as we"}, {"start": "00:35:09", "end": "00:35:16", "text": "are seeing the AI stocks go down a bit,"}, {"start": "00:35:12", "end": "00:35:18", "text": "just as we're seeing the AI mania calm"}, {"start": "00:35:16", "end": "00:35:19", "text": "down a bit, just as we're seeing many"}, {"start": "00:35:18", "end": "00:35:22", "text": "question marks whether this"}, {"start": "00:35:19", "end": "00:35:26", "text": "overinvestment in AI is sustainable or"}, {"start": "00:35:22", "end": "00:35:28", "text": "not, uh, just as we're seeing uh, many"}, {"start": "00:35:26", "end": "00:35:31", "text": "question marks whether consumers and"}, {"start": "00:35:28", "end": "00:35:34", "text": "companies are ready to pay for AI in"}, {"start": "00:35:31", "end": "00:35:36", "text": "ways that is required for all of this"}, {"start": "00:35:34", "end": "00:35:38", "text": "infrastructure to be worth it. That's"}, {"start": "00:35:36", "end": "00:35:41", "text": "very interesting that you then have Fed"}, {"start": "00:35:38", "end": "00:35:43", "text": "chair Bernani. Let me just verify with"}, {"start": "00:35:41", "end": "00:35:45", "text": "Grock quickly like it's I don't read you"}, {"start": "00:35:43", "end": "00:35:47", "text": "fake news here but that's what I've seen"}, {"start": "00:35:45", "end": "00:35:49", "text": "several times. Is this true? Let's see."}, {"start": "00:35:47", "end": "00:35:54", "text": "Yeah."}, {"start": "00:35:49", "end": "00:35:57", "text": "Interesting. So it's true. It's true. So"}, {"start": "00:35:54", "end": "00:36:00", "text": "also this comes just as we're seeing the"}, {"start": "00:35:57", "end": "00:36:03", "text": "Treasury the Treasury doing a report on"}, {"start": "00:36:00", "end": "00:36:07", "text": "how the AI bubble pop may be a systemic"}, {"start": "00:36:03", "end": "00:36:09", "text": "risk to the whole economy. Okay, so the"}, {"start": "00:36:07", "end": "00:36:12", "text": "answer here guys is that this will lead"}, {"start": "00:36:09", "end": "00:36:14", "text": "to money printing very fast. I mean this"}, {"start": "00:36:12", "end": "00:36:17", "text": "guy, why they put him in here? Is he the"}, {"start": "00:36:14", "end": "00:36:21", "text": "best at you know public mission"}, {"start": "00:36:17", "end": "00:36:23", "text": "alignment and uh advanced AI economic"}, {"start": "00:36:21", "end": "00:36:24", "text": "risk of I think he's here to look at"}, {"start": "00:36:23", "end": "00:36:27", "text": "economic risk for all of this going to"}, {"start": "00:36:24", "end": "00:36:30", "text": "zero. Okay, very fast. Very fast because"}, {"start": "00:36:27", "end": "00:36:32", "text": "it's overhyped and AI is great. I use AI"}, {"start": "00:36:30", "end": "00:36:33", "text": "every day. I use I mean use I don't want"}, {"start": "00:36:32", "end": "00:36:35", "text": "to repeat but I want you guys to"}, {"start": "00:36:33", "end": "00:36:37", "text": "understand that I'm not against AI. I"}, {"start": "00:36:35", "end": "00:36:39", "text": "love AI. Uh, also we we've been"}, {"start": "00:36:37", "end": "00:36:41", "text": "professing a lot from AI. I mean, we our"}, {"start": "00:36:39", "end": "00:36:43", "text": "whole ecosystem is professing a lot from"}, {"start": "00:36:41", "end": "00:36:45", "text": "AI. I mean, just like we said here on"}, {"start": "00:36:43", "end": "00:36:48", "text": "Bull Mania, most people crying the in"}, {"start": "00:36:45", "end": "00:36:50", "text": "crypto bear. They want the bull back."}, {"start": "00:36:48", "end": "00:36:52", "text": "They want they lost money in the bear."}, {"start": "00:36:50", "end": "00:36:54", "text": "Bullmania are different because since Q4"}, {"start": "00:36:52", "end": "00:36:57", "text": "2025, we have been rotating out of"}, {"start": "00:36:54", "end": "00:36:59", "text": "crypto into AI and people share stuff"}, {"start": "00:36:57", "end": "00:37:00", "text": "like this in our Discord a lot. Like"}, {"start": "00:36:59", "end": "00:37:02", "text": "Blind Monkey says, \"Thanks Jason and"}, {"start": "00:37:00", "end": "00:37:04", "text": "Ivan for all great AI.\" Semi stock"}, {"start": "00:37:02", "end": "00:37:06", "text": "speaks. Moving on to biotech and this is"}, {"start": "00:37:04", "end": "00:37:09", "text": "just know one of many stores. So we have"}, {"start": "00:37:06", "end": "00:37:10", "text": "been profiting from this. We are very"}, {"start": "00:37:09", "end": "00:37:12", "text": "good at playing it even though we"}, {"start": "00:37:10", "end": "00:37:14", "text": "understand man I mean this is some"}, {"start": "00:37:12", "end": "00:37:16", "text": "overinvestment. Okay this some"}, {"start": "00:37:14", "end": "00:37:18", "text": "overinvestment that's crazy and as soon"}, {"start": "00:37:16", "end": "00:37:21", "text": "as they flee bear we're out. We're out"}, {"start": "00:37:18", "end": "00:37:24", "text": "but so many people including the"}, {"start": "00:37:21", "end": "00:37:26", "text": "government many people including the"}, {"start": "00:37:24", "end": "00:37:28", "text": "economist looking at how these different"}, {"start": "00:37:26", "end": "00:37:30", "text": "companies have been managing their money"}, {"start": "00:37:28", "end": "00:37:32", "text": "in investments. they are sounding the"}, {"start": "00:37:30", "end": "00:37:35", "text": "alarm man if this doesn't play out if we"}, {"start": "00:37:32", "end": "00:37:36", "text": "don't see the uh revenue come in and"}, {"start": "00:37:35", "end": "00:37:38", "text": "there's not a problem is there's not a"}, {"start": "00:37:36", "end": "00:37:40", "text": "lot of revenue in Ayagas that's the"}, {"start": "00:37:38", "end": "00:37:43", "text": "biggest problem the revenue you see you"}, {"start": "00:37:40", "end": "00:37:45", "text": "know this fantastic revenue numbers uh"}, {"start": "00:37:43", "end": "00:37:46", "text": "Nvidia bit revenue this this bit you"}, {"start": "00:37:45", "end": "00:37:48", "text": "hear a lot this fantastic revenue"}, {"start": "00:37:46", "end": "00:37:51", "text": "numbers but where does it come from it"}, {"start": "00:37:48", "end": "00:37:54", "text": "comes either from fake orders where you"}, {"start": "00:37:51", "end": "00:37:55", "text": "know they they have an order that may or"}, {"start": "00:37:54", "end": "00:37:59", "text": "may not get paid for but they still book"}, {"start": "00:37:55", "end": "00:38:01", "text": "the revenue or it comes from actual"}, {"start": "00:37:59", "end": "00:38:04", "text": "real re I mean they get real revenue but"}, {"start": "00:38:01", "end": "00:38:07", "text": "it comes from big techs investing in AI"}, {"start": "00:38:04", "end": "00:38:10", "text": "investing in all of these chips so the"}, {"start": "00:38:07", "end": "00:38:12", "text": "chipmakers have big revenue yes but all"}, {"start": "00:38:10", "end": "00:38:14", "text": "this investment needs to be paid paid"}, {"start": "00:38:12", "end": "00:38:17", "text": "off by the end consumer and end clients"}, {"start": "00:38:14", "end": "00:38:19", "text": "and that's a big big question mark we"}, {"start": "00:38:17", "end": "00:38:21", "text": "don't see the end consumer and end"}, {"start": "00:38:19", "end": "00:38:25", "text": "client paying a lot for AI we don't see"}, {"start": "00:38:21", "end": "00:38:26", "text": "that we see the capex investments and"}, {"start": "00:38:25", "end": "00:38:28", "text": "that revenue goes into chip"}, {"start": "00:38:26", "end": "00:38:30", "text": "manufacturers they beat earning ings."}, {"start": "00:38:28", "end": "00:38:33", "text": "They have insane earnings. Good, good,"}, {"start": "00:38:30", "end": "00:38:36", "text": "good, good. But it's a bit of a"}, {"start": "00:38:33", "end": "00:38:39", "text": "misleading story which we know which we"}, {"start": "00:38:36", "end": "00:38:41", "text": "know about. We still are bullish eye"}, {"start": "00:38:39", "end": "00:38:43", "text": "until they go into bare trend. That's"}, {"start": "00:38:41", "end": "00:38:44", "text": "it. Because this mania can continue. But"}, {"start": "00:38:43", "end": "00:38:47", "text": "it's interesting that Ben freaking"}, {"start": "00:38:44", "end": "00:38:49", "text": "Bernanki is now part of anthropic. Isn't"}, {"start": "00:38:47", "end": "00:38:51", "text": "that interesting? I think they're going"}, {"start": "00:38:49", "end": "00:38:54", "text": "to print. He's the bridge between the"}, {"start": "00:38:51", "end": "00:38:56", "text": "printer and AI. So when AI has problems,"}, {"start": "00:38:54", "end": "00:38:58", "text": "this guy comes, he clicks the button in"}, {"start": "00:38:56", "end": "00:39:00", "text": "the printer. He tells, \"It's time to"}, {"start": "00:38:58", "end": "00:39:02", "text": "print, guys. It's time to print.\" He"}, {"start": "00:39:00", "end": "00:39:05", "text": "tells the Kevin Worsh, \"Let's go, man."}, {"start": "00:39:02", "end": "00:39:05", "text": "Let's go.\""}, {"start": "00:39:06", "end": "00:39:12", "text": "So, uh, no coffee. We have coffee."}, {"start": "00:39:09", "end": "00:39:13", "text": "Absolutely, we have coffee."}, {"start": "00:39:12", "end": "00:39:14", "text": "I think for Bitcoin, guys, it's going to"}, {"start": "00:39:13", "end": "00:39:17", "text": "be great. It's going to be great. I love"}, {"start": "00:39:14", "end": "00:39:19", "text": "Ben Bernanki in Antropic. For Bitcoin is"}, {"start": "00:39:17", "end": "00:39:23", "text": "very, very good. Now guys, uh, moving"}, {"start": "00:39:19", "end": "00:39:26", "text": "on, you have this guy, Gary Stevenson,"}, {"start": "00:39:23", "end": "00:39:27", "text": "um, speaking about wealth tax over and"}, {"start": "00:39:26", "end": "00:39:28", "text": "over again because it's the easiest"}, {"start": "00:39:27", "end": "00:39:30", "text": "topic to speak about to the plebbea. I"}, {"start": "00:39:28", "end": "00:39:32", "text": "mean, the pleb love wealth tax. They"}, {"start": "00:39:30", "end": "00:39:34", "text": "want to tax the rich, eat the rich."}, {"start": "00:39:32", "end": "00:39:36", "text": "Fantastic. There's a lot of debate. Is"}, {"start": "00:39:34", "end": "00:39:38", "text": "he correct? Is he not correct? People"}, {"start": "00:39:36", "end": "00:39:41", "text": "try to answer him. Uh, I mean, overall,"}, {"start": "00:39:38", "end": "00:39:45", "text": "overall, guys, it's all about your"}, {"start": "00:39:41", "end": "00:39:47", "text": "mindset. If you are poor, you can become"}, {"start": "00:39:45", "end": "00:39:49", "text": "rich today. It's easier than ever. I"}, {"start": "00:39:47", "end": "00:39:51", "text": "mean with online guys it is easier than"}, {"start": "00:39:49", "end": "00:39:53", "text": "ever. It is easier than ever. You don't"}, {"start": "00:39:51", "end": "00:39:55", "text": "need you can be alone man. You can be"}, {"start": "00:39:53", "end": "00:39:57", "text": "alone. You can build something. You can"}, {"start": "00:39:55", "end": "00:39:59", "text": "uh you can do content. You can do app."}, {"start": "00:39:57", "end": "00:40:00", "text": "You can you have all the tools. You"}, {"start": "00:39:59", "end": "00:40:03", "text": "don't need any permission man. You can"}, {"start": "00:40:00", "end": "00:40:05", "text": "even do self-custodial financial service"}, {"start": "00:40:03", "end": "00:40:08", "text": "without any regulation like the the"}, {"start": "00:40:05", "end": "00:40:11", "text": "playing field is quite level nowadays."}, {"start": "00:40:08", "end": "00:40:15", "text": "But bad bad but but of course if you see"}, {"start": "00:40:11", "end": "00:40:17", "text": "that oh man it's uh higher rent higher I"}, {"start": "00:40:15", "end": "00:40:19", "text": "mean there there are also bad people for"}, {"start": "00:40:17", "end": "00:40:21", "text": "the bad bad things for the average"}, {"start": "00:40:19", "end": "00:40:23", "text": "person not bad people but bad things for"}, {"start": "00:40:21", "end": "00:40:25", "text": "the average person that are happening so"}, {"start": "00:40:23", "end": "00:40:26", "text": "if you are just in the rat race I"}, {"start": "00:40:25", "end": "00:40:28", "text": "understand there is stuff I understand"}, {"start": "00:40:26", "end": "00:40:31", "text": "there is stuff that's why you know we we"}, {"start": "00:40:28", "end": "00:40:33", "text": "speak a lot about going full-time crypto"}, {"start": "00:40:31", "end": "00:40:35", "text": "getting into trading understanding"}, {"start": "00:40:33", "end": "00:40:39", "text": "trading is because is easiest it's ever"}, {"start": "00:40:35", "end": "00:40:41", "text": "been it's easier than ever been to be in"}, {"start": "00:40:39", "end": "00:40:43", "text": "uh in financial markets is easier than"}, {"start": "00:40:41", "end": "00:40:44", "text": "ever been to create things but you need"}, {"start": "00:40:43", "end": "00:40:46", "text": "to have the right mindset. I mean"}, {"start": "00:40:44", "end": "00:40:48", "text": "obviously per people that are just in"}, {"start": "00:40:46", "end": "00:40:50", "text": "the rat race for them it's tougher"}, {"start": "00:40:48", "end": "00:40:53", "text": "everything is tougher for them if you"}, {"start": "00:40:50", "end": "00:40:55", "text": "are just you know 9 to5 it's very tough"}, {"start": "00:40:53", "end": "00:40:57", "text": "I understand it's very very tough but at"}, {"start": "00:40:55", "end": "00:41:00", "text": "the same time to do your own or to trade"}, {"start": "00:40:57", "end": "00:41:03", "text": "or to be in financial markets easier"}, {"start": "00:41:00", "end": "00:41:05", "text": "than ever easier than ever so yeah it's"}, {"start": "00:41:03", "end": "00:41:07", "text": "uh it is interesting just you know how"}, {"start": "00:41:05", "end": "00:41:10", "text": "economy is transforming and some people"}, {"start": "00:41:07", "end": "00:41:13", "text": "are with it or and some people are not"}, {"start": "00:41:10", "end": "00:41:14", "text": "with it so anyway it's very very complex"}, {"start": "00:41:13", "end": "00:41:16", "text": "questions Gary Gary Stevenson is"}, {"start": "00:41:14", "end": "00:41:18", "text": "speaking about wealth tax this and that."}, {"start": "00:41:16", "end": "00:41:20", "text": "I mean actually Gary Stevenson he's"}, {"start": "00:41:18", "end": "00:41:23", "text": "correct in some regard because"}, {"start": "00:41:20", "end": "00:41:25", "text": "he if I mean if I understand him"}, {"start": "00:41:23", "end": "00:41:27", "text": "correctly if I he he's not speaking"}, {"start": "00:41:25", "end": "00:41:31", "text": "about rich dudes he's speaking about"}, {"start": "00:41:27", "end": "00:41:33", "text": "this you know 100 billion plus uh guys"}, {"start": "00:41:31", "end": "00:41:35", "text": "owning government debt and there is some"}, {"start": "00:41:33", "end": "00:41:38", "text": "truth to that uh there is there is some"}, {"start": "00:41:35", "end": "00:41:40", "text": "truth to that. Uh at the same time you"}, {"start": "00:41:38", "end": "00:41:42", "text": "know it's going to reach the end the the"}, {"start": "00:41:40", "end": "00:41:44", "text": "main level very very fast. If they start"}, {"start": "00:41:42", "end": "00:41:45", "text": "with wealth tax, it's not going to be"}, {"start": "00:41:44", "end": "00:41:47", "text": "targeting only those, you know, 100"}, {"start": "00:41:45", "end": "00:41:49", "text": "billion plus guys, 50 billion plus. Very"}, {"start": "00:41:47", "end": "00:41:53", "text": "quickly, it's going to trickle down. But"}, {"start": "00:41:49", "end": "00:41:56", "text": "there is some truth in that there is now"}, {"start": "00:41:53", "end": "00:42:00", "text": "such an ease to put money in government"}, {"start": "00:41:56", "end": "00:42:02", "text": "bonds. You get 5% per year paid for by"}, {"start": "00:42:00", "end": "00:42:04", "text": "the tax by the taxpayer. So if you have"}, {"start": "00:42:02", "end": "00:42:05", "text": "a lot of money that it's like free"}, {"start": "00:42:04", "end": "00:42:08", "text": "money, you don't have to do anything."}, {"start": "00:42:05", "end": "00:42:10", "text": "You just buy government debt. That's how"}, {"start": "00:42:08", "end": "00:42:12", "text": "you I mean indirectly you are financing"}, {"start": "00:42:10", "end": "00:42:15", "text": "the the government. If you buy their"}, {"start": "00:42:12", "end": "00:42:16", "text": "debt from the market and you get 5% per"}, {"start": "00:42:15", "end": "00:42:19", "text": "year it's pretty nice. I mean you have a"}, {"start": "00:42:16", "end": "00:42:21", "text": "10 billion it's it's a lot and then next"}, {"start": "00:42:19", "end": "00:42:22", "text": "year you can take whatever revenue you"}, {"start": "00:42:21", "end": "00:42:24", "text": "have from that you can buy more"}, {"start": "00:42:22", "end": "00:42:26", "text": "government that the government now is"}, {"start": "00:42:24", "end": "00:42:28", "text": "even more indebted to you. So there is"}, {"start": "00:42:26", "end": "00:42:31", "text": "some truth to that. How much the public"}, {"start": "00:42:28", "end": "00:42:36", "text": "owns how much the debt holders hold etc"}, {"start": "00:42:31", "end": "00:42:39", "text": "etc. The problem guys is gonna is gonna"}, {"start": "00:42:36", "end": "00:42:41", "text": "trickle down to the average rich guy"}, {"start": "00:42:39", "end": "00:42:42", "text": "that lives on your street. As soon as"}, {"start": "00:42:41", "end": "00:42:44", "text": "you start with wealth tax is going to"}, {"start": "00:42:42", "end": "00:42:47", "text": "trickle down very fast. Now, okay, this"}, {"start": "00:42:44", "end": "00:42:49", "text": "freaking rich guy on my street, tax him"}, {"start": "00:42:47", "end": "00:42:51", "text": "also. Why you only tax the big one? Tax"}, {"start": "00:42:49", "end": "00:42:52", "text": "him also. And then that's the problem"}, {"start": "00:42:51", "end": "00:42:53", "text": "because this rich guys on your street,"}, {"start": "00:42:52", "end": "00:42:57", "text": "they're the productive ones. If they"}, {"start": "00:42:53", "end": "00:42:59", "text": "leave, fito. That's the problem. Anyway,"}, {"start": "00:42:57", "end": "00:43:01", "text": "it's a very complex topic. We are"}, {"start": "00:42:59", "end": "00:43:04", "text": "apolitical. Our channel is purely"}, {"start": "00:43:01", "end": "00:43:07", "text": "apolitical from left to right from"}, {"start": "00:43:04", "end": "00:43:09", "text": "gantal what is gantal scale progressive"}, {"start": "00:43:07", "end": "00:43:11", "text": "traditional left to right everyone is"}, {"start": "00:43:09", "end": "00:43:14", "text": "welcome here everyone is welcome here"}, {"start": "00:43:11", "end": "00:43:16", "text": "but uh the only me my message to you my"}, {"start": "00:43:14", "end": "00:43:19", "text": "only message to you is to take"}, {"start": "00:43:16", "end": "00:43:21", "text": "responsibility for yourself uh the world"}, {"start": "00:43:19", "end": "00:43:23", "text": "is easier than ever like money is"}, {"start": "00:43:21", "end": "00:43:25", "text": "easiest to make than ever like it it is"}, {"start": "00:43:23", "end": "00:43:26", "text": "like that it is easier than ever like it"}, {"start": "00:43:25", "end": "00:43:28", "text": "it really is easier than ever there's"}, {"start": "00:43:26", "end": "00:43:30", "text": "crypto there's I mean you can do so many"}, {"start": "00:43:28", "end": "00:43:32", "text": "things if you want the Fast track go to"}, {"start": "00:43:30", "end": "00:43:35", "text": "bulmmania.com sign up here for the"}, {"start": "00:43:32", "end": "00:43:37", "text": "weight list to get into bulmania because"}, {"start": "00:43:35", "end": "00:43:40", "text": "financial markets is one of the lowest"}, {"start": "00:43:37", "end": "00:43:42", "text": "barrier to entry where anyone can do it"}, {"start": "00:43:40", "end": "00:43:44", "text": "you don't need special skill or any"}, {"start": "00:43:42", "end": "00:43:45", "text": "special experience we provide you the"}, {"start": "00:43:44", "end": "00:43:47", "text": "experience we provide the skill yada"}, {"start": "00:43:45", "end": "00:43:51", "text": "yada you get the point moving on guys"}, {"start": "00:43:47", "end": "00:43:53", "text": "moving on moving on uh bit uh Alex car"}, {"start": "00:43:51", "end": "00:43:55", "text": "from Palencier is a bit on a role here"}, {"start": "00:43:53", "end": "00:43:57", "text": "he's a bit on a roll here now he's"}, {"start": "00:43:55", "end": "00:44:00", "text": "speaking about how EU is not listening"}, {"start": "00:43:57", "end": "00:44:02", "text": "to him and uh why they're not really"}, {"start": "00:44:00", "end": "00:44:03", "text": "paying attention to US companies and"}, {"start": "00:44:02", "end": "00:44:07", "text": "instead they have their own experts from"}, {"start": "00:44:03", "end": "00:44:10", "text": "Germany from Germany that studied some"}, {"start": "00:44:07", "end": "00:44:12", "text": "kind of PhD giving them AI advice which"}, {"start": "00:44:10", "end": "00:44:14", "text": "is bad advice listen to this"}, {"start": "00:44:12", "end": "00:44:15", "text": ">> like and they won't listen to us like"}, {"start": "00:44:14", "end": "00:44:18", "text": "just think about that you have Peter"}, {"start": "00:44:15", "end": "00:44:19", "text": "Teal like the most important venture"}, {"start": "00:44:18", "end": "00:44:21", "text": "person"}, {"start": "00:44:19", "end": "00:44:22", "text": ">> maybe that's ever lived co-founder of"}, {"start": "00:44:21", "end": "00:44:24", "text": "Palunteer and you have me was like"}, {"start": "00:44:22", "end": "00:44:26", "text": "somewhat you know basic partially"}, {"start": "00:44:24", "end": "00:44:29", "text": "dramatics did my PhD in German"}, {"start": "00:44:26", "end": "00:44:30", "text": ">> and you have no tech industry Wouldn't"}, {"start": "00:44:29", "end": "00:44:30", "text": "you have us on [�__�] speed dial?"}, {"start": "00:44:30", "end": "00:44:31", "text": ">> Yeah."}, {"start": "00:44:30", "end": "00:44:33", "text": ">> Yeah."}, {"start": "00:44:31", "end": "00:44:34", "text": ">> I mean, like on speed dial. Like, you"}, {"start": "00:44:33", "end": "00:44:35", "text": "don't have to listen to what we're"}, {"start": "00:44:34", "end": "00:44:36", "text": "saying."}, {"start": "00:44:35", "end": "00:44:38", "text": ">> You don't have to agree with what we're"}, {"start": "00:44:36", "end": "00:44:39", "text": "saying. Who are you talking to? Who are"}, {"start": "00:44:38", "end": "00:44:41", "text": "you talking to? You're talking to your"}, {"start": "00:44:39", "end": "00:44:44", "text": "like, I don't know,"}, {"start": "00:44:41", "end": "00:44:44", "text": ">> expert that came here and studied us."}, {"start": "00:44:44", "end": "00:44:46", "text": ">> Trust the experts."}, {"start": "00:44:44", "end": "00:44:50", "text": ">> Yeah. Trust the experts."}, {"start": "00:44:46", "end": "00:44:52", "text": "That's typical EU. create some kind of"}, {"start": "00:44:50", "end": "00:44:55", "text": "policy group that goes to Silicon"}, {"start": "00:44:52", "end": "00:44:56", "text": "Valley, studies AI and how bad it is,"}, {"start": "00:44:55", "end": "00:44:58", "text": "studies crypto and how bad it is, then"}, {"start": "00:44:56", "end": "00:45:00", "text": "comes back, writes report for two years,"}, {"start": "00:44:58", "end": "00:45:02", "text": "and then that gets given to the decision"}, {"start": "00:45:00", "end": "00:45:03", "text": "maker. Classic, classic. But listen, we"}, {"start": "00:45:02", "end": "00:45:06", "text": "love it. We love it. We're apolitical."}, {"start": "00:45:03", "end": "00:45:08", "text": "We love all kinds of that. Uh, next,"}, {"start": "00:45:06", "end": "00:45:11", "text": "next, next. Look here. JP Morgan, I"}, {"start": "00:45:08", "end": "00:45:14", "text": "fully disagree here with JP Morgan. Uh,"}, {"start": "00:45:11", "end": "00:45:16", "text": "4.7 trillion. JP Morgan uh oh yeah their"}, {"start": "00:45:14", "end": "00:45:18", "text": "mark cap okay says the biggest risk to"}, {"start": "00:45:16", "end": "00:45:20", "text": "bitcoin isn't strategy uh but"}, {"start": "00:45:18", "end": "00:45:22", "text": "traditional finance creating private"}, {"start": "00:45:20", "end": "00:45:24", "text": "blockchains uh no guys traditional"}, {"start": "00:45:22", "end": "00:45:26", "text": "finance create I mean why is he saying"}, {"start": "00:45:24", "end": "00:45:28", "text": "so retardive things it's like the basic"}, {"start": "00:45:26", "end": "00:45:30", "text": "stuff like he really doesn't understand"}, {"start": "00:45:28", "end": "00:45:32", "text": "bitcoin or he just says it for because"}, {"start": "00:45:30", "end": "00:45:33", "text": "he's creating a private chain like"}, {"start": "00:45:32", "end": "00:45:35", "text": "literally I don't know do I have to"}, {"start": "00:45:33", "end": "00:45:37", "text": "explain to you guys but private"}, {"start": "00:45:35", "end": "00:45:40", "text": "blockchain doesn't have the freedom"}, {"start": "00:45:37", "end": "00:45:43", "text": "self- custody can be frozen it's not"}, {"start": "00:45:40", "end": "00:45:45", "text": "neutral it is likely tied to some"}, {"start": "00:45:43", "end": "00:45:48", "text": "jurisdiction. While Bitcoin is"}, {"start": "00:45:45", "end": "00:45:51", "text": "worldwide, no one can take it from you."}, {"start": "00:45:48", "end": "00:45:53", "text": "You know, it's not controlled by anyone."}, {"start": "00:45:51", "end": "00:45:55", "text": "It cannot be confiscated if you don't"}, {"start": "00:45:53", "end": "00:45:56", "text": "give your seed phrase. Yada yada yada."}, {"start": "00:45:55", "end": "00:45:58", "text": "Like it's like night and day. Why he's"}, {"start": "00:45:56", "end": "00:46:00", "text": "he why is he even comparing that either?"}, {"start": "00:45:58", "end": "00:46:02", "text": "He really does not understand. But I"}, {"start": "00:46:00", "end": "00:46:04", "text": "doubt it, man. I doubt it. But may maybe"}, {"start": "00:46:02", "end": "00:46:06", "text": "he doesn't. I mean, maybe if you are in"}, {"start": "00:46:04", "end": "00:46:09", "text": "the system, it's so hard to see the"}, {"start": "00:46:06", "end": "00:46:11", "text": "other side. I mean if you are freaking"}, {"start": "00:46:09", "end": "00:46:13", "text": "CEO of JP Morgan maybe you never had"}, {"start": "00:46:11", "end": "00:46:16", "text": "issue with a frozen transaction or you"}, {"start": "00:46:13", "end": "00:46:19", "text": "know endless KYC refreshes"}, {"start": "00:46:16", "end": "00:46:20", "text": "etc etc etc but for the average person"}, {"start": "00:46:19", "end": "00:46:21", "text": "especially if you are a bit"}, {"start": "00:46:20", "end": "00:46:24", "text": "international guys if you're a bit"}, {"start": "00:46:21", "end": "00:46:26", "text": "international if you lived in different"}, {"start": "00:46:24", "end": "00:46:27", "text": "countries oh my god you you know the"}, {"start": "00:46:26", "end": "00:46:31", "text": "problem you know the problem with this"}, {"start": "00:46:27", "end": "00:46:32", "text": "KYC that KYC oh man this KYC expired oh"}, {"start": "00:46:31", "end": "00:46:33", "text": "I need to refresh oh we need this"}, {"start": "00:46:32", "end": "00:46:36", "text": "document we need that document we need"}, {"start": "00:46:33", "end": "00:46:37", "text": "notary we need oh you do a big transfer"}, {"start": "00:46:36", "end": "00:46:39", "text": "why you do a transfer. Send us this,"}, {"start": "00:46:37", "end": "00:46:43", "text": "send us that. It's frozen. Okay, now"}, {"start": "00:46:39", "end": "00:46:44", "text": "it's unfro, man. It's unusable."}, {"start": "00:46:43", "end": "00:46:46", "text": "So, the private blockchain is going to"}, {"start": "00:46:44", "end": "00:46:47", "text": "be the same, the same but different"}, {"start": "00:46:46", "end": "00:46:50", "text": "tech. It's not like it's going to have"}, {"start": "00:46:47", "end": "00:46:52", "text": "different compliance uh uh compliance"}, {"start": "00:46:50", "end": "00:46:54", "text": "rules. You're going to have the same and"}, {"start": "00:46:52", "end": "00:46:56", "text": "many banks are also they're so scared"}, {"start": "00:46:54", "end": "00:46:58", "text": "nowadays. They're over complying like"}, {"start": "00:46:56", "end": "00:47:00", "text": "they do things in ways which is insane."}, {"start": "00:46:58", "end": "00:47:02", "text": "Like it's making them unusable. So,"}, {"start": "00:47:00", "end": "00:47:05", "text": "obviously, Bitcoin is an answer to that."}, {"start": "00:47:02", "end": "00:47:06", "text": "Stable coins are an answer. uh"}, {"start": "00:47:05", "end": "00:47:09", "text": "everything non-custodial is an answer"}, {"start": "00:47:06", "end": "00:47:10", "text": "and if you have something on a corporate"}, {"start": "00:47:09", "end": "00:47:13", "text": "chain there's also a banking chain there"}, {"start": "00:47:10", "end": "00:47:14", "text": "that is a private banking chain there's"}, {"start": "00:47:13", "end": "00:47:16", "text": "zero trust on that but I think you guys"}, {"start": "00:47:14", "end": "00:47:18", "text": "know it already but maybe some of you"}, {"start": "00:47:16", "end": "00:47:20", "text": "guys are new here there's always some"}, {"start": "00:47:18", "end": "00:47:23", "text": "person who's like oh but what about the"}, {"start": "00:47:20", "end": "00:47:25", "text": "private chains what about will banks"}, {"start": "00:47:23", "end": "00:47:26", "text": "kill Bitcoin there's always some kind of"}, {"start": "00:47:25", "end": "00:47:28", "text": "person at Thanksgiving that yeah but"}, {"start": "00:47:26", "end": "00:47:30", "text": "what do you think about XRP it will kill"}, {"start": "00:47:28", "end": "00:47:31", "text": "Bitcoin because the banks are behind it"}, {"start": "00:47:30", "end": "00:47:33", "text": "banks are not behind Bitcoin but banks"}, {"start": "00:47:31", "end": "00:47:34", "text": "are behind XRP so they're going to kill"}, {"start": "00:47:33", "end": "00:47:38", "text": "so I just want to clarify Y I want to"}, {"start": "00:47:34", "end": "00:47:40", "text": "clarify to you this basics because yeah"}, {"start": "00:47:38", "end": "00:47:42", "text": "it's always someone who's like he he"}, {"start": "00:47:40", "end": "00:47:44", "text": "thinks he understands a bit more. He's"}, {"start": "00:47:42", "end": "00:47:46", "text": "like hey Ivan listen to me. He learned"}, {"start": "00:47:44", "end": "00:47:48", "text": "about crypto yesterday. He loves XRP. I"}, {"start": "00:47:46", "end": "00:47:50", "text": "love XRP because it's by the banks. It's"}, {"start": "00:47:48", "end": "00:47:54", "text": "Bitcoin but by the banks. So is it going"}, {"start": "00:47:50", "end": "00:47:57", "text": "to win? I'm telling them no."}, {"start": "00:47:54", "end": "00:48:00", "text": "Okay. Moving on. Moving on. I cannot"}, {"start": "00:47:57", "end": "00:48:02", "text": "reiterate this guy DM. No idea who it is"}, {"start": "00:48:00", "end": "00:48:04", "text": "but he says something about NFC here. I"}, {"start": "00:48:02", "end": "00:48:07", "text": "cannot reiterate enough how much NFTs"}, {"start": "00:48:04", "end": "00:48:09", "text": "are inevitable. I mean, I actually agree"}, {"start": "00:48:07", "end": "00:48:10", "text": "to some point, especially if you, you"}, {"start": "00:48:09", "end": "00:48:13", "text": "know, you love this gaming, you love"}, {"start": "00:48:10", "end": "00:48:14", "text": "Runescape, you you've been playing MMO,"}, {"start": "00:48:13", "end": "00:48:16", "text": "World of Warcraft, I think NFTs are"}, {"start": "00:48:14", "end": "00:48:18", "text": "going to come back. It's nice to collect"}, {"start": "00:48:16", "end": "00:48:20", "text": "items, man. It's nice to collect items."}, {"start": "00:48:18", "end": "00:48:22", "text": "I want to collect freaking swords. I"}, {"start": "00:48:20", "end": "00:48:24", "text": "want to collect rune plate armor, you"}, {"start": "00:48:22", "end": "00:48:27", "text": "know? I I I want to I want to collect"}, {"start": "00:48:24", "end": "00:48:29", "text": "item. I now I have money. When I was a"}, {"start": "00:48:27", "end": "00:48:31", "text": "pleb 9year-old, I did not have money."}, {"start": "00:48:29", "end": "00:48:32", "text": "Let me collect some freaking item. Let's"}, {"start": "00:48:31", "end": "00:48:35", "text": "speculate on item. Why does this have to"}, {"start": "00:48:32", "end": "00:48:37", "text": "be a ugly chart all the time? Let's"}, {"start": "00:48:35", "end": "00:48:39", "text": "let's do some more fun, you know? I"}, {"start": "00:48:37", "end": "00:48:41", "text": "think this summer, early fall is the"}, {"start": "00:48:39", "end": "00:48:42", "text": "last great accumulation."}, {"start": "00:48:41", "end": "00:48:45", "text": "I don't know if it's accumulation, guys."}, {"start": "00:48:42", "end": "00:48:50", "text": "I mean, it could also be new. Could also"}, {"start": "00:48:45", "end": "00:48:51", "text": "be new um new things that come out art"}, {"start": "00:48:50", "end": "00:48:53", "text": "networks and blockchain. But I I think"}, {"start": "00:48:51", "end": "00:48:55", "text": "the I don't think you necessarily have"}, {"start": "00:48:53", "end": "00:48:57", "text": "to like accumulate the existing stuff"}, {"start": "00:48:55", "end": "00:48:59", "text": "except Pa Penguin, which is which I love"}, {"start": "00:48:57", "end": "00:49:01", "text": "in all directions. Uh but other than"}, {"start": "00:48:59", "end": "00:49:03", "text": "that"}, {"start": "00:49:01", "end": "00:49:05", "text": "it probably going to be new stuff also."}, {"start": "00:49:03", "end": "00:49:07", "text": "We just need money in this industry. We"}, {"start": "00:49:05", "end": "00:49:08", "text": "need to money to come back. Money to the"}, {"start": "00:49:07", "end": "00:49:09", "text": "narrows to come back. She shackkeles to"}, {"start": "00:49:08", "end": "00:49:12", "text": "come back. They're going to come back"}, {"start": "00:49:09", "end": "00:49:14", "text": "when Bitcoin goes bull trend. Uh still"}, {"start": "00:49:12", "end": "00:49:15", "text": "we are I mean listen if we keep going up"}, {"start": "00:49:14", "end": "00:49:19", "text": "here fantastic. But still we have"}, {"start": "00:49:15", "end": "00:49:21", "text": "overhang of going lower. Um"}, {"start": "00:49:19", "end": "00:49:23", "text": "I think NFTs are also inevitable. Not"}, {"start": "00:49:21", "end": "00:49:25", "text": "necessarily existing ones. Although"}, {"start": "00:49:23", "end": "00:49:28", "text": "existing ones they have some kind of"}, {"start": "00:49:25", "end": "00:49:31", "text": "signal of life. Let me see here. Where"}, {"start": "00:49:28", "end": "00:49:33", "text": "is the signal of life I saw? Look here."}, {"start": "00:49:31", "end": "00:49:35", "text": "Doodle. Doodle introduces toy factory."}, {"start": "00:49:33", "end": "00:49:38", "text": "Transform any image or idea into a"}, {"start": "00:49:35", "end": "00:49:40", "text": "custom toy. That's good. But see, I'm"}, {"start": "00:49:38", "end": "00:49:44", "text": "actually nowadays I'm not that bullish"}, {"start": "00:49:40", "end": "00:49:46", "text": "on this uh physical toy thing because"}, {"start": "00:49:44", "end": "00:49:48", "text": "who is it for really? Like you know who"}, {"start": "00:49:46", "end": "00:49:50", "text": "it's it's for kids. Like okay, it's"}, {"start": "00:49:48", "end": "00:49:52", "text": "good. I mean nothing wrong with doing"}, {"start": "00:49:50", "end": "00:49:55", "text": "stuff for kids. It's fantastic. But at"}, {"start": "00:49:52", "end": "00:49:57", "text": "the same time, when I play Runescape, I"}, {"start": "00:49:55", "end": "00:49:59", "text": "don't want like I want digital. I want"}, {"start": "00:49:57", "end": "00:50:02", "text": "digital from party hat, Santa hat. I I"}, {"start": "00:49:59", "end": "00:50:04", "text": "this, you know, physical just makes me"}, {"start": "00:50:02", "end": "00:50:06", "text": "realize that it's [�__�] to be"}, {"start": "00:50:04", "end": "00:50:09", "text": "interested in this gaming stuff as a"}, {"start": "00:50:06", "end": "00:50:10", "text": "grown-up. But if it is like digital, it"}, {"start": "00:50:09", "end": "00:50:12", "text": "feels then it feels like legit. Then it"}, {"start": "00:50:10", "end": "00:50:14", "text": "kind of feels like finance. Okay, you"}, {"start": "00:50:12", "end": "00:50:16", "text": "understand? Like as soon as you bring me"}, {"start": "00:50:14", "end": "00:50:18", "text": "like a physical plushy, also the word"}, {"start": "00:50:16", "end": "00:50:21", "text": "plushy, I hate it, man. I hate plushy."}, {"start": "00:50:18", "end": "00:50:24", "text": "Oh, we have a plushy."}, {"start": "00:50:21", "end": "00:50:26", "text": "I don't want plushy. It's a it's a it's"}, {"start": "00:50:24", "end": "00:50:28", "text": "it's like I'm in you know I have"}, {"start": "00:50:26", "end": "00:50:30", "text": "problems with development and I'm in"}, {"start": "00:50:28", "end": "00:50:32", "text": "special class and you know teacher gives"}, {"start": "00:50:30", "end": "00:50:35", "text": "me a plushy"}, {"start": "00:50:32", "end": "00:50:37", "text": "so I don't get mad at her so I don't"}, {"start": "00:50:35", "end": "00:50:39", "text": "become vi plushy I don't like that so"}, {"start": "00:50:37", "end": "00:50:42", "text": "when all these NFCs they start making"}, {"start": "00:50:39", "end": "00:50:44", "text": "physical it kind of for me guys it kills"}, {"start": "00:50:42", "end": "00:50:46", "text": "the magic I don't know if it is like the"}, {"start": "00:50:44", "end": "00:50:49", "text": "same it's like okay here is a toy but"}, {"start": "00:50:46", "end": "00:50:51", "text": "man who are interested in toys is this"}, {"start": "00:50:49", "end": "00:50:55", "text": "dudes"}, {"start": "00:50:51", "end": "00:50:57", "text": "that collect stuff I don't I I'm not"}, {"start": "00:50:55", "end": "00:50:59", "text": "really vibing with that identity. I"}, {"start": "00:50:57", "end": "00:51:02", "text": "don't identify myself as a dude that,"}, {"start": "00:50:59", "end": "00:51:05", "text": "you know, has a bunch of plushies."}, {"start": "00:51:02", "end": "00:51:07", "text": "I get disgusted, actually. Do you"}, {"start": "00:51:05", "end": "00:51:09", "text": "understand? So, I don't want any"}, {"start": "00:51:07", "end": "00:51:10", "text": "physical. I don't any physical, man."}, {"start": "00:51:09", "end": "00:51:12", "text": "Don't don't don't give me toy, man."}, {"start": "00:51:10", "end": "00:51:16", "text": "Don't give me toys. It's for kids, which"}, {"start": "00:51:12", "end": "00:51:20", "text": "is great. But I want digital party hat"}, {"start": "00:51:16", "end": "00:51:21", "text": "like in Runescape, okay?"}, {"start": "00:51:20", "end": "00:51:27", "text": "And it needs to be tradable. policy"}, {"start": "00:51:21", "end": "00:51:29", "text": "trading and then it is uh kind of like"}, {"start": "00:51:27", "end": "00:51:32", "text": "finance and and it feels sophisticated"}, {"start": "00:51:29", "end": "00:51:33", "text": "enough guys I want to feel sophisticated"}, {"start": "00:51:32", "end": "00:51:37", "text": "I don't want to feel like I get a"}, {"start": "00:51:33", "end": "00:51:39", "text": "freaking plushy don't give me plushy"}, {"start": "00:51:37", "end": "00:51:42", "text": "CLAY"}, {"start": "00:51:39", "end": "00:51:44", "text": "CLAY clay"}, {"start": "00:51:42", "end": "00:51:46", "text": "man why they call themselves clay you"}, {"start": "00:51:44", "end": "00:51:48", "text": "play with clay as what as a 40-year-old"}, {"start": "00:51:46", "end": "00:51:50", "text": "dude"}, {"start": "00:51:48", "end": "00:51:55", "text": "anyway they have some kind of pack you"}, {"start": "00:51:50", "end": "00:51:58", "text": "and buy pack like Pokemon pack."}, {"start": "00:51:55", "end": "00:52:01", "text": "Ah, it's clay man."}, {"start": "00:51:58", "end": "00:52:03", "text": "Gala game does some MMO."}, {"start": "00:52:01", "end": "00:52:05", "text": "Oh yeah, by the way, Poly Market is now"}, {"start": "00:52:03", "end": "00:52:08", "text": "launching per"}, {"start": "00:52:05", "end": "00:52:11", "text": "uh"}, {"start": "00:52:08", "end": "00:52:15", "text": "they launch per exchange. So you can try"}, {"start": "00:52:11", "end": "00:52:17", "text": "it. Um, a launching some kind of stable"}, {"start": "00:52:15", "end": "00:52:19", "text": "vault with only one solution for"}, {"start": "00:52:17", "end": "00:52:21", "text": "embasing fixed rate stable coin yield"}, {"start": "00:52:19", "end": "00:52:23", "text": "into any financial product. There you"}, {"start": "00:52:21", "end": "00:52:25", "text": "go. So, if you have your self-custodial"}, {"start": "00:52:23", "end": "00:52:27", "text": "wallet that you built in your basement"}, {"start": "00:52:25", "end": "00:52:29", "text": "because you don't need license if that"}, {"start": "00:52:27", "end": "00:52:31", "text": "CFTC letter gets published, you can now"}, {"start": "00:52:29", "end": "00:52:34", "text": "integrate a and let your users get"}, {"start": "00:52:31", "end": "00:52:35", "text": "healed. That's nice."}, {"start": "00:52:34", "end": "00:52:38", "text": "Uh, these guys in ETH, they're pushing"}, {"start": "00:52:35", "end": "00:52:40", "text": "the this Glamsterdam. Nothing's going to"}, {"start": "00:52:38", "end": "00:52:43", "text": "happen to ETH. Uh, don't worry about it."}, {"start": "00:52:40", "end": "00:52:45", "text": "Uh yeah, they I mean they need to like"}, {"start": "00:52:43", "end": "00:52:46", "text": "scale the transaction fee. I don't know"}, {"start": "00:52:45", "end": "00:52:48", "text": "if that's going to happen. And guys,"}, {"start": "00:52:46", "end": "00:52:51", "text": "finally, finally, big shout out to our"}, {"start": "00:52:48", "end": "00:52:55", "text": "favorite development class,"}, {"start": "00:52:51", "end": "00:52:58", "text": "the the class for special kids, which is"}, {"start": "00:52:55", "end": "00:52:58", "text": "the pulse,"}, {"start": "00:53:00", "end": "00:53:05", "text": "man. These guys need the the clinazosur."}, {"start": "00:53:02", "end": "00:53:09", "text": "They need the plushies."}, {"start": "00:53:05", "end": "00:53:12", "text": "We need to send the clinazor plushy to"}, {"start": "00:53:09", "end": "00:53:14", "text": "these guys as soon as possible."}, {"start": "00:53:12", "end": "00:53:17", "text": "Pulseyans"}, {"start": "00:53:14", "end": "00:53:19", "text": "hexans was long time ago I checked in on"}, {"start": "00:53:17", "end": "00:53:23", "text": "you guys. Holy [�__�] You're down another"}, {"start": "00:53:19", "end": "00:53:26", "text": "55% since the beginning of the year."}, {"start": "00:53:23", "end": "00:53:28", "text": "I warned and warned and warned and"}, {"start": "00:53:26", "end": "00:53:31", "text": "warned. They kept saying Ivan is wrong."}, {"start": "00:53:28", "end": "00:53:33", "text": "Ivan is wrong. Ivan is wrong. I gave you"}, {"start": "00:53:31", "end": "00:53:37", "text": "free analysis. I've been educating for"}, {"start": "00:53:33", "end": "00:53:40", "text": "free. I gave you free advice. You did"}, {"start": "00:53:37", "end": "00:53:42", "text": "not listen. And now you lost another 55%"}, {"start": "00:53:40", "end": "00:53:43", "text": "since the beginning of the year. It's"}, {"start": "00:53:42", "end": "00:53:44", "text": "only since the beginning of the year. I"}, {"start": "00:53:43", "end": "00:53:47", "text": "mean, when you look a bit further, there"}, {"start": "00:53:44", "end": "00:53:49", "text": "is down 99. Like it's even even more."}, {"start": "00:53:47", "end": "00:53:51", "text": "Imagine just from the beginning of the"}, {"start": "00:53:49", "end": "00:53:54", "text": "year, you could have more than double"}, {"start": "00:53:51", "end": "00:53:56", "text": "your money if you listen to Ivan. That"}, {"start": "00:53:54", "end": "00:53:57", "text": "money could have been used to buy into"}, {"start": "00:53:56", "end": "00:53:59", "text": "the new bull run which is coming soon."}, {"start": "00:53:57", "end": "00:54:01", "text": "If you listen to Ivan, I tried saving"}, {"start": "00:53:59", "end": "00:54:03", "text": "you. Some of you listen. Some of you"}, {"start": "00:54:01", "end": "00:54:06", "text": "spat in my face. It happened bigly."}, {"start": "00:54:03", "end": "00:54:08", "text": "People were spitting in my face so much."}, {"start": "00:54:06", "end": "00:54:10", "text": "So much. It's okay. I still love you,"}, {"start": "00:54:08", "end": "00:54:13", "text": "man. I love Pulse. I love Puls. You can"}, {"start": "00:54:10", "end": "00:54:15", "text": "read comments here. And based on this,"}, {"start": "00:54:13", "end": "00:54:17", "text": "you can try to understand is it bottom"}, {"start": "00:54:15", "end": "00:54:20", "text": "or not bottom. But yeah, that's it. Big"}, {"start": "00:54:17", "end": "00:54:22", "text": "shout out to Pulse Wrecked Mega Wrecked."}, {"start": "00:54:20", "end": "00:54:25", "text": "And but we're going to send you guys if"}, {"start": "00:54:22", "end": "00:54:27", "text": "if we say send you plushy. Let me know"}, {"start": "00:54:25", "end": "00:54:30", "text": "if you're going to be happy. We can we"}, {"start": "00:54:27", "end": "00:54:31", "text": "can send you the clay."}, {"start": "00:54:30", "end": "00:54:33", "text": "Big shout out to Clenosor, by the way. I"}, {"start": "00:54:31", "end": "00:54:35", "text": "mean, I'm I'm sure it's good. I'm sure"}, {"start": "00:54:33", "end": "00:54:36", "text": "it's good. They It was a big NFT, but"}, {"start": "00:54:35", "end": "00:54:37", "text": "it's just like I'm like, man, are you"}, {"start": "00:54:36", "end": "00:54:40", "text": "really Are you guys really trading"}, {"start": "00:54:37", "end": "00:54:43", "text": "freaking Kleenos? It's something when"}, {"start": "00:54:40", "end": "00:54:45", "text": "it's when it's like too kid like I don't"}, {"start": "00:54:43", "end": "00:54:48", "text": "like it, man. I don't like it. I think"}, {"start": "00:54:45", "end": "00:54:50", "text": "Py Penguin is the perfect balance. But I"}, {"start": "00:54:48", "end": "00:54:51", "text": "don't like this physical ones, guys. If"}, {"start": "00:54:50", "end": "00:54:53", "text": "the physical one, I don't want I don't"}, {"start": "00:54:51", "end": "00:54:56", "text": "want I don't want like platin don't only"}, {"start": "00:54:53", "end": "00:54:58", "text": "physic only only digital. Only digital."}, {"start": "00:54:56", "end": "00:55:00", "text": "So, guys, let's go to Q&A questions,"}, {"start": "00:54:58", "end": "00:55:02", "text": "answers."}, {"start": "00:55:00", "end": "00:55:04", "text": "debates. Let's do like one question"}, {"start": "00:55:02", "end": "00:55:06", "text": "because we have just only five minutes."}, {"start": "00:55:04", "end": "00:55:10", "text": "And big shout out to who? To Guzman for"}, {"start": "00:55:06", "end": "00:55:13", "text": "time slapping us. Fantastic. Fantastic."}, {"start": "00:55:10", "end": "00:55:16", "text": "Uh, where can I buy your book? I think"}, {"start": "00:55:13", "end": "00:55:18", "text": "it's u it's below. I think it's below."}, {"start": "00:55:16", "end": "00:55:21", "text": "It's written by me. Bum bum bum. There"}, {"start": "00:55:18", "end": "00:55:27", "text": "we go. Ian, what do you think about uh"}, {"start": "00:55:21", "end": "00:55:27", "text": "Mooncat thou not before all market?"}, {"start": "00:55:27", "end": "00:55:32", "text": "Let's see, guys. I don't see what I'll"}, {"start": "00:55:29", "end": "00:55:35", "text": "tell you right here. S Simon Simon has"}, {"start": "00:55:32", "end": "00:55:37", "text": "think about simon cat. Simon sorry it's"}, {"start": "00:55:35", "end": "00:55:40", "text": "like the text is small there. Maybe I"}, {"start": "00:55:37", "end": "00:55:41", "text": "need glasses but I have lenses. Uh let's"}, {"start": "00:55:40", "end": "00:55:44", "text": "see. It's here or you need to go to"}, {"start": "00:55:41", "end": "00:55:46", "text": "deck. Uh Simon cat. What guys? But don't"}, {"start": "00:55:44", "end": "00:55:48", "text": "ask me about some guys. Don't ask me"}, {"start": "00:55:46", "end": "00:55:51", "text": "about some random crap. Don't ask me."}, {"start": "00:55:48", "end": "00:55:53", "text": "Don't ask. It's if it's not on on the"}, {"start": "00:55:51", "end": "00:55:56", "text": "tra. Don't ask me because then it's like"}, {"start": "00:55:53", "end": "00:55:59", "text": "a indirect shill. You know Ivan shakes"}, {"start": "00:55:56", "end": "00:56:01", "text": "our shitcoin. Oh, look here. Ivan knows"}, {"start": "00:55:59", "end": "00:56:04", "text": "about our shitcoin. Don't ask me about"}, {"start": "00:56:01", "end": "00:56:06", "text": "shitcoin that is unknown. Don't ask me"}, {"start": "00:56:04", "end": "00:56:09", "text": "about it. This uh ask me about stuff"}, {"start": "00:56:06", "end": "00:56:11", "text": "that is uh okay."}, {"start": "00:56:09", "end": "00:56:13", "text": "It's I've been through it. The the"}, {"start": "00:56:11", "end": "00:56:16", "text": "indirect show Ivan, what do you think"}, {"start": "00:56:13", "end": "00:56:19", "text": "about this shitcoin I just created. It's"}, {"start": "00:56:16", "end": "00:56:21", "text": "one it's $1 liquidity. Oh, look look"}, {"start": "00:56:19", "end": "00:56:24", "text": "look guys on Twitter. Ivan talks about"}, {"start": "00:56:21", "end": "00:56:26", "text": "my shitcoin. Get out of here. Yeah, I"}, {"start": "00:56:24", "end": "00:56:29", "text": "don't see it here. I don't see it. I"}, {"start": "00:56:26", "end": "00:56:29", "text": "don't see it."}, {"start": "00:56:30", "end": "00:56:34", "text": "There's some other crap. Simon the"}, {"start": "00:56:31", "end": "00:56:38", "text": "gator. See, you guys try to make me"}, {"start": "00:56:34", "end": "00:56:38", "text": "think about this crap. Yeah."}, {"start": "00:56:39", "end": "00:56:48", "text": "Cardano political party. What is that?"}, {"start": "00:56:43", "end": "00:56:48", "text": "Charles is doing Cardano,"}, {"start": "00:56:48", "end": "00:56:53", "text": "man. Yeah. I mean, he should focus on"}, {"start": "00:56:50", "end": "00:56:56", "text": "Cardano, but now he's gonna"}, {"start": "00:56:53", "end": "00:57:00", "text": "uh Well, where did he Did he do a video"}, {"start": "00:56:56", "end": "00:57:02", "text": "on that? Yeah. Good luck."}, {"start": "00:57:00", "end": "00:57:06", "text": "Good luck. Maybe it's going to be good."}, {"start": "00:57:02", "end": "00:57:13", "text": "I don't know. Uh but he did release some"}, {"start": "00:57:06", "end": "00:57:13", "text": "kind of video here uh about let's see"}, {"start": "00:57:14", "end": "00:57:20", "text": "he said"}, {"start": "00:57:17", "end": "00:57:23", "text": "he's going to Discord"}, {"start": "00:57:20", "end": "00:57:26", "text": ">> very warm Colorado just wanted to make a"}, {"start": "00:57:23", "end": "00:57:28", "text": "very quick video"}, {"start": "00:57:26", "end": "00:57:30", "text": "I had some people come back from Londi"}, {"start": "00:57:28", "end": "00:57:32", "text": "just launched its test net it's coming"}, {"start": "00:57:30", "end": "00:57:34", "text": "up going anywhere I'm not retiring I'm"}, {"start": "00:57:32", "end": "00:57:36", "text": "not leaving And so I can't"}, {"start": "00:57:34", "end": "00:57:40", "text": ">> Why is he posting on Twitter? He said he"}, {"start": "00:57:36", "end": "00:57:43", "text": "made like six hour uh series like many"}, {"start": "00:57:40", "end": "00:57:45", "text": "episodes why they're going to Discord."}, {"start": "00:57:43", "end": "00:57:47", "text": "Why is he posting here?"}, {"start": "00:57:45", "end": "00:57:50", "text": "Like he literally made like six hour"}, {"start": "00:57:47", "end": "00:57:53", "text": "trilogy"}, {"start": "00:57:50", "end": "00:57:55", "text": "about how he he's moving to Discord. He"}, {"start": "00:57:53", "end": "00:57:59", "text": "declared, you know, normally people make"}, {"start": "00:57:55", "end": "00:58:01", "text": "some drama by saying I'm leaving Twitter"}, {"start": "00:57:59", "end": "00:58:04", "text": "now. I'm leaving Twitter. I'm leaving."}, {"start": "00:58:01", "end": "00:58:06", "text": "Leaving really declaring loudly so"}, {"start": "00:58:04", "end": "00:58:08", "text": "everyone knows that they're leave. I'm"}, {"start": "00:58:06", "end": "00:58:11", "text": "leaving Twitter. Then they're back like"}, {"start": "00:58:08", "end": "00:58:13", "text": "next week. They I'm leaving Twitter."}, {"start": "00:58:11", "end": "00:58:17", "text": "It's too toxic. I'm leaving now. Then"}, {"start": "00:58:13", "end": "00:58:17", "text": "they're back like next week."}, {"start": "00:58:17", "end": "00:58:21", "text": "Classic classic."}, {"start": "00:58:21", "end": "00:58:27", "text": "But not only like the Charles what he"}, {"start": "00:58:25", "end": "00:58:28", "text": "did"}, {"start": "00:58:27", "end": "00:58:30", "text": "he"}, {"start": "00:58:28", "end": "00:58:33", "text": "also made like sixh hour content while"}, {"start": "00:58:30", "end": "00:58:35", "text": "he's leaving Twitter not just you know"}, {"start": "00:58:33", "end": "00:58:38", "text": "drama statement I'm leaving no sixh hour"}, {"start": "00:58:35", "end": "00:58:40", "text": "like deep dive how they going to do"}, {"start": "00:58:38", "end": "00:58:45", "text": "discord philosophy coordination of"}, {"start": "00:58:40", "end": "00:58:45", "text": "humans man he really went all in so"}, {"start": "00:58:53", "end": "00:58:56", "text": "la."}, {"start": "00:58:57", "end": "00:59:01", "text": "Okay, moving on."}, {"start": "00:59:00", "end": "00:59:04", "text": "Exactly. I'm leaving with Okay, bro. See"}, {"start": "00:59:01", "end": "00:59:05", "text": "you in five minutes."}, {"start": "00:59:04", "end": "00:59:07", "text": "Okay, guys. That's it. Listen, we're"}, {"start": "00:59:05", "end": "00:59:09", "text": "close to one hour. Thank you very much,"}, {"start": "00:59:07", "end": "00:59:11", "text": "everyone. We're going to be back on the"}, {"start": "00:59:09", "end": "00:59:12", "text": "Monday. If you are in Bulmania, we have"}, {"start": "00:59:11", "end": "00:59:16", "text": "a private live stream in like four"}, {"start": "00:59:12", "end": "00:59:18", "text": "hours. Big shout out to Guzman for"}, {"start": "00:59:16", "end": "00:59:21", "text": "timestamping us today. Smash up the"}, {"start": "00:59:18", "end": "00:59:24", "text": "like. Subscribe. Subscribe."}, {"start": "00:59:21", "end": "00:59:26", "text": "Enjoy your weekend. Enjoy Holland"}, {"start": "00:59:24", "end": "00:59:30", "text": "Holland. And then they're going to print"}, {"start": "00:59:26", "end": "00:59:32", "text": "more loss while you're like"}, {"start": "00:59:30", "end": "00:59:36", "text": "la more censorship,"}, {"start": "00:59:32", "end": "00:59:36", "text": "more control."}, {"start": "00:59:37", "end": "00:59:41", "text": "Yeah. See you guys. Have a good day."}, {"start": "00:59:39", "end": "00:59:42", "text": "Have a good night. Subscribe and"}, {"start": "00:59:41", "end": "00:59:45", "text": "goodbye, guys. Goodbye. Goodbye."}, {"start": "00:59:42", "end": "00:59:45", "text": "Goodbye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "H. Oh yes. Oh yes. Yes. Guys, welcome to"}, {"start": "00:00:03", "end": "00:00:07", "text": "another episode. And as you can see"}, {"start": "00:00:04", "end": "00:00:10", "text": "right now, Bitcoin is currently at the"}, {"start": "00:00:07", "end": "00:00:12", "text": "200 week moving average. Bitcoin is"}, {"start": "00:00:10", "end": "00:00:14", "text": "basically sideways here for a few weeks."}, {"start": "00:00:12", "end": "00:00:17", "text": "We're still testing the 200 week. Will"}, {"start": "00:00:14", "end": "00:00:19", "text": "we go above it? Will we go below it? And"}, {"start": "00:00:17", "end": "00:00:22", "text": "yesterday we did have a bit of a pump"}, {"start": "00:00:19", "end": "00:00:25", "text": "and dump due to the situation with Iran."}, {"start": "00:00:22", "end": "00:00:27", "text": "Trump came out and said yesterday that"}, {"start": "00:00:25", "end": "00:00:30", "text": "the strikes are back. They're going to"}, {"start": "00:00:27", "end": "00:00:32", "text": "hit hard. that Iran is not cooperating"}, {"start": "00:00:30", "end": "00:00:35", "text": "this and that. They called him they he"}, {"start": "00:00:32", "end": "00:00:38", "text": "called them many many different words"}, {"start": "00:00:35", "end": "00:00:41", "text": "called him lie called called them sorry"}, {"start": "00:00:38", "end": "00:00:42", "text": "guys my English today is barely woken up"}, {"start": "00:00:41", "end": "00:00:44", "text": "just listen to what he's saying then"}, {"start": "00:00:42", "end": "00:00:46", "text": "we're going to be discussing what kind"}, {"start": "00:00:44", "end": "00:00:47", "text": "of pump and dump we are experiencing"}, {"start": "00:00:46", "end": "00:00:51", "text": "right now"}, {"start": "00:00:47", "end": "00:00:52", "text": ">> liars we make a deal and they if I make"}, {"start": "00:00:51", "end": "00:00:54", "text": "a deal with him we have a deal and he"}, {"start": "00:00:52", "end": "00:00:57", "text": "goes out he talks we make a deal"}, {"start": "00:00:54", "end": "00:00:59", "text": "everyone's agreed no nuclear weapon we"}, {"start": "00:00:57", "end": "00:01:00", "text": "make a deal they go outside talk to the"}, {"start": "00:00:59", "end": "00:01:02", "text": "press they say we never even talked"}, {"start": "00:01:00", "end": "00:01:05", "text": "about it. There's something wrong with"}, {"start": "00:01:02", "end": "00:01:07", "text": "them. They're cuckoo."}, {"start": "00:01:05", "end": "00:01:10", "text": ">> As soon as the World Cup ended for the"}, {"start": "00:01:07", "end": "00:01:13", "text": "US, as soon as the US was eliminated,"}, {"start": "00:01:10", "end": "00:01:15", "text": "now the tensions are back, but also they"}, {"start": "00:01:13", "end": "00:01:17", "text": "are kind of not back because instantly"}, {"start": "00:01:15", "end": "00:01:19", "text": "he also said that they want to make a"}, {"start": "00:01:17", "end": "00:01:20", "text": "deal. They want to make a deal so so"}, {"start": "00:01:19", "end": "00:01:21", "text": "badly. This was just a few hours"}, {"start": "00:01:20", "end": "00:01:24", "text": "afterwards."}, {"start": "00:01:21", "end": "00:01:26", "text": ">> We have many ways we can win, but we've"}, {"start": "00:01:24", "end": "00:01:28", "text": "already won militarily. They have very"}, {"start": "00:01:26", "end": "00:01:30", "text": "little They have very little left. And"}, {"start": "00:01:28", "end": "00:01:32", "text": "they want to make a deal so badly. They"}, {"start": "00:01:30", "end": "00:01:34", "text": "called a little while ago. They want to"}, {"start": "00:01:32", "end": "00:01:36", "text": "make a deal so badly. I just don't know"}, {"start": "00:01:34", "end": "00:01:37", "text": "if they're worthy of making a deal. I"}, {"start": "00:01:36", "end": "00:01:38", "text": "don't know that they're going to honor"}, {"start": "00:01:37", "end": "00:01:40", "text": "the deal. That's the problem."}, {"start": "00:01:38", "end": "00:01:42", "text": ">> So guys, at the end of the day, we are"}, {"start": "00:01:40", "end": "00:01:44", "text": "experiencing the the deja vu. The deja"}, {"start": "00:01:42", "end": "00:01:46", "text": "vu. What is this? The groundhog. We're"}, {"start": "00:01:44", "end": "00:01:49", "text": "the groundhog day. Each and every day a"}, {"start": "00:01:46", "end": "00:01:51", "text": "bit of a pump and dump. Markets go up,"}, {"start": "00:01:49", "end": "00:01:54", "text": "markets go down. When you have Trump"}, {"start": "00:01:51", "end": "00:01:57", "text": "saying that the deal has been reached,"}, {"start": "00:01:54", "end": "00:01:59", "text": "markets go up, futures are green,"}, {"start": "00:01:57", "end": "00:02:01", "text": "everything is green. Then of course it's"}, {"start": "00:01:59", "end": "00:02:02", "text": "nice to dump the markets again. They can"}, {"start": "00:02:01", "end": "00:02:04", "text": "short insiders can short. They can use"}, {"start": "00:02:02", "end": "00:02:06", "text": "hyperlquid. They can use many different"}, {"start": "00:02:04", "end": "00:02:09", "text": "platforms to short in real time. That's"}, {"start": "00:02:06", "end": "00:02:10", "text": "when they say there is no deal. But the"}, {"start": "00:02:09", "end": "00:02:12", "text": "truth is that when you look at the"}, {"start": "00:02:10", "end": "00:02:14", "text": "straight of Hormuz and how many ships"}, {"start": "00:02:12", "end": "00:02:16", "text": "are passing, basically no one is"}, {"start": "00:02:14", "end": "00:02:18", "text": "passing. Okay, no one is passing still."}, {"start": "00:02:16", "end": "00:02:21", "text": "And we have to look closely at oil in"}, {"start": "00:02:18", "end": "00:02:23", "text": "case this pump and dump for the media"}, {"start": "00:02:21", "end": "00:02:26", "text": "turns into something bigger. Oil chart"}, {"start": "00:02:23", "end": "00:02:27", "text": "will show us. Okay, for now the oil"}, {"start": "00:02:26", "end": "00:02:29", "text": "chart is not really showing us that this"}, {"start": "00:02:27", "end": "00:02:32", "text": "kind of escalation is going to be"}, {"start": "00:02:29", "end": "00:02:35", "text": "serious. It is up a bit, but it's not up"}, {"start": "00:02:32", "end": "00:02:38", "text": "to, you know, 90s and hundreds and 120s."}, {"start": "00:02:35", "end": "00:02:40", "text": "It's just here below the 200 moving"}, {"start": "00:02:38", "end": "00:02:43", "text": "average. So, as long as it stays below"}, {"start": "00:02:40", "end": "00:02:45", "text": "the 200 moving average, this white line,"}, {"start": "00:02:43", "end": "00:02:47", "text": "all of this is just media, guys. All of"}, {"start": "00:02:45", "end": "00:02:49", "text": "this is just media. It is not actually"}, {"start": "00:02:47", "end": "00:02:51", "text": "something that's affecting the supply"}, {"start": "00:02:49", "end": "00:02:54", "text": "and demand of oil or or anything else"}, {"start": "00:02:51", "end": "00:02:56", "text": "really. So while it affects the stock"}, {"start": "00:02:54", "end": "00:02:58", "text": "market, while it affects uh the people"}, {"start": "00:02:56", "end": "00:03:00", "text": "who are involved and can short and long"}, {"start": "00:02:58", "end": "00:03:01", "text": "or I mean hyperlid is the best thing for"}, {"start": "00:03:00", "end": "00:03:03", "text": "them. That's why I'm bullish hype"}, {"start": "00:03:01", "end": "00:03:06", "text": "because for these kinds of operations"}, {"start": "00:03:03", "end": "00:03:08", "text": "when you tell one thing and then you say"}, {"start": "00:03:06", "end": "00:03:11", "text": "ah it's over again. Trump said I don't"}, {"start": "00:03:08", "end": "00:03:14", "text": "think the Iran war will start war on war"}, {"start": "00:03:11", "end": "00:03:15", "text": "off hyperlquid for them is the best."}, {"start": "00:03:14", "end": "00:03:18", "text": "It's the best venue. That's why the hype"}, {"start": "00:03:15", "end": "00:03:20", "text": "token is doing so well. The hype coin is"}, {"start": "00:03:18", "end": "00:03:23", "text": "really the the facilitator here for many"}, {"start": "00:03:20", "end": "00:03:24", "text": "of these trades that are taking place."}, {"start": "00:03:23", "end": "00:03:26", "text": "And that's why you see hype is around"}, {"start": "00:03:24", "end": "00:03:28", "text": "alltime high because the use case is so"}, {"start": "00:03:26", "end": "00:03:30", "text": "good to have decentralized per exchange"}, {"start": "00:03:28", "end": "00:03:33", "text": "where you can loan, you can short"}, {"start": "00:03:30", "end": "00:03:35", "text": "stocks, you can do it anonymously via a"}, {"start": "00:03:33", "end": "00:03:37", "text": "wallet, it's the best, man. It's the"}, {"start": "00:03:35", "end": "00:03:39", "text": "best. And of course cryptos, but in this"}, {"start": "00:03:37", "end": "00:03:42", "text": "particular case, stock market is the one"}, {"start": "00:03:39", "end": "00:03:45", "text": "that is mainly affected. And looking at"}, {"start": "00:03:42", "end": "00:03:48", "text": "Bitcoin where we are now, no news will"}, {"start": "00:03:45", "end": "00:03:49", "text": "affect the cycle guys. It's very"}, {"start": "00:03:48", "end": "00:03:51", "text": "important to understand when the Trump"}, {"start": "00:03:49", "end": "00:03:54", "text": "thing started yesterday when he said"}, {"start": "00:03:51", "end": "00:03:56", "text": "that Iran is there's no deal, no deal,"}, {"start": "00:03:54", "end": "00:03:57", "text": "no more deal, people say Ian, will it"}, {"start": "00:03:56", "end": "00:03:59", "text": "affect the cycle? Will it affect"}, {"start": "00:03:57", "end": "00:04:02", "text": "anything guys? No news will affect the"}, {"start": "00:03:59", "end": "00:04:04", "text": "cycle. No news will affect the cycle. We"}, {"start": "00:04:02", "end": "00:04:06", "text": "have likely a few more months to go"}, {"start": "00:04:04", "end": "00:04:08", "text": "here. Likely we're going to have another"}, {"start": "00:04:06", "end": "00:04:10", "text": "flash down. Uh or not. I mean, listen,"}, {"start": "00:04:08", "end": "00:04:12", "text": "we're cheap. We're already so cheap in"}, {"start": "00:04:10", "end": "00:04:14", "text": "the green zone as you know we're buying"}, {"start": "00:04:12", "end": "00:04:15", "text": "here in the we're DCAing slowly within"}, {"start": "00:04:14", "end": "00:04:17", "text": "the green zone here in this rectangle"}, {"start": "00:04:15", "end": "00:04:19", "text": "and then when we go bullish on the money"}, {"start": "00:04:17", "end": "00:04:21", "text": "line which will happen likely later this"}, {"start": "00:04:19", "end": "00:04:23", "text": "year or early next year that's when"}, {"start": "00:04:21", "end": "00:04:25", "text": "we're going to go heavy but so highest"}, {"start": "00:04:23", "end": "00:04:27", "text": "likely will go down but I'm fine with us"}, {"start": "00:04:25", "end": "00:04:30", "text": "bottoming out here also although it's a"}, {"start": "00:04:27", "end": "00:04:32", "text": "bit less likely and that is not going to"}, {"start": "00:04:30", "end": "00:04:34", "text": "be changed no matter what news you have"}, {"start": "00:04:32", "end": "00:04:36", "text": "you really need to have some really"}, {"start": "00:04:34", "end": "00:04:38", "text": "insane news that Bitcoin is hacked or"}, {"start": "00:04:36", "end": "00:04:40", "text": "something that will go to zero uh but"}, {"start": "00:04:38", "end": "00:04:42", "text": "this news with geopolitical this and"}, {"start": "00:04:40", "end": "00:04:44", "text": "that. We've had so many different news"}, {"start": "00:04:42", "end": "00:04:46", "text": "and um uh more or less nothing has"}, {"start": "00:04:44", "end": "00:04:49", "text": "changed and it's the same. It's the"}, {"start": "00:04:46", "end": "00:04:51", "text": "same. It's keep it simple. Keep it"}, {"start": "00:04:49", "end": "00:04:52", "text": "simple. This chart has been the same."}, {"start": "00:04:51", "end": "00:04:54", "text": "Anyway, you have the bear, you have the"}, {"start": "00:04:52", "end": "00:04:55", "text": "pre-bull, you have the first bull, you"}, {"start": "00:04:54", "end": "00:04:57", "text": "have the second bull. That's it. That's"}, {"start": "00:04:55", "end": "00:05:00", "text": "it. Now, we're in the bear just like in"}, {"start": "00:04:57", "end": "00:05:02", "text": "2022. Just like in 2018, just like in"}, {"start": "00:05:00", "end": "00:05:04", "text": "2014, then you have the pre-bull where"}, {"start": "00:05:02", "end": "00:05:07", "text": "it's kind of sideways but going up but"}, {"start": "00:05:04", "end": "00:05:11", "text": "going up. And then you have the mass big"}, {"start": "00:05:07", "end": "00:05:13", "text": "fat bull. This is uh normally where we"}, {"start": "00:05:11", "end": "00:05:15", "text": "see the biggest gains. And then you have"}, {"start": "00:05:13", "end": "00:05:17", "text": "the second bull. Not that big, not that"}, {"start": "00:05:15", "end": "00:05:20", "text": "beautiful, but still okay year. Still"}, {"start": "00:05:17", "end": "00:05:22", "text": "okay year. And uh yeah, this is the time"}, {"start": "00:05:20", "end": "00:05:24", "text": "and that's why a few days ago we did the"}, {"start": "00:05:22", "end": "00:05:26", "text": "video that the next cycle is 2026"}, {"start": "00:05:24", "end": "00:05:30", "text": "towards"}, {"start": "00:05:26", "end": "00:05:32", "text": "2030. Okay, see 2026, 2029, 2028, 20 29."}, {"start": "00:05:30", "end": "00:05:33", "text": "That's one cycle and then likely we're"}, {"start": "00:05:32", "end": "00:05:35", "text": "going to have the next one afterwards."}, {"start": "00:05:33", "end": "00:05:37", "text": "Why it is like that has to do with human"}, {"start": "00:05:35", "end": "00:05:39", "text": "psychology. It has to do how long time"}, {"start": "00:05:37", "end": "00:05:43", "text": "it takes for us to forget the bad stuff"}, {"start": "00:05:39", "end": "00:05:46", "text": "to flush out to flush out all of the"}, {"start": "00:05:43", "end": "00:05:49", "text": "fugazis, all of the ponzies and restart"}, {"start": "00:05:46", "end": "00:05:50", "text": "psychologically a new cycle where people"}, {"start": "00:05:49", "end": "00:05:52", "text": "feel that Bitcoin is ship. They already"}, {"start": "00:05:50", "end": "00:05:54", "text": "forgot all of the scams. They already"}, {"start": "00:05:52", "end": "00:05:56", "text": "forgot FTX. They already forgot"}, {"start": "00:05:54", "end": "00:05:58", "text": "everything. And new news can come in,"}, {"start": "00:05:56", "end": "00:06:00", "text": "new good fundamentals can come in."}, {"start": "00:05:58", "end": "00:06:02", "text": "People are excited again. Approximately"}, {"start": "00:06:00", "end": "00:06:03", "text": "a year of bear. You need that. And then"}, {"start": "00:06:02", "end": "00:06:06", "text": "it takes three years for us to mess it"}, {"start": "00:06:03", "end": "00:06:08", "text": "up with new Ponzi, new crazy things."}, {"start": "00:06:06", "end": "00:06:10", "text": "Prices pump a lot. People feel it's"}, {"start": "00:06:08", "end": "00:06:12", "text": "expensive. Takes around three years. I'm"}, {"start": "00:06:10", "end": "00:06:14", "text": "not making this up. I'm just reading it."}, {"start": "00:06:12", "end": "00:06:17", "text": "I'm just reading how it is. And as you"}, {"start": "00:06:14", "end": "00:06:19", "text": "know, since October, we're bare. It has"}, {"start": "00:06:17", "end": "00:06:21", "text": "been confirmed by the chart by the bare"}, {"start": "00:06:19", "end": "00:06:23", "text": "trend. Uh and also it was in alignment"}, {"start": "00:06:21", "end": "00:06:25", "text": "with the with the cycle. And just like"}, {"start": "00:06:23", "end": "00:06:27", "text": "Ben Coven is saying here, this might"}, {"start": "00:06:25", "end": "00:06:29", "text": "sound crazy, but there are guys that"}, {"start": "00:06:27", "end": "00:06:32", "text": "spent all year telling you that the"}, {"start": "00:06:29", "end": "00:06:35", "text": "four-year cycle of Bitcoin was dumb. And"}, {"start": "00:06:32", "end": "00:06:37", "text": "then when they were proven wrong, they"}, {"start": "00:06:35", "end": "00:06:39", "text": "did not admit it. They just kept saying"}, {"start": "00:06:37", "end": "00:06:41", "text": "that the market is wrong and that"}, {"start": "00:06:39", "end": "00:06:44", "text": "they're right. There are many, many,"}, {"start": "00:06:41", "end": "00:06:46", "text": "many such people."}, {"start": "00:06:44", "end": "00:06:48", "text": "Many such people. It's crazy. It's"}, {"start": "00:06:46", "end": "00:06:50", "text": "crazy. They're never wrong. They're"}, {"start": "00:06:48", "end": "00:06:53", "text": "never wrong. The market is wrong. The"}, {"start": "00:06:50", "end": "00:06:55", "text": "market is wrong. We always have big"}, {"start": "00:06:53", "end": "00:06:57", "text": "liquidity, big liquidity cycle. So"}, {"start": "00:06:55", "end": "00:07:00", "text": "market is wrong. It went down. Liquidity"}, {"start": "00:06:57", "end": "00:07:03", "text": "was right. We had the M2 or whatever it"}, {"start": "00:07:00", "end": "00:07:06", "text": "was. Business cycle, ISM or other kind"}, {"start": "00:07:03", "end": "00:07:08", "text": "of stuff. Okay. And they never admit it."}, {"start": "00:07:06", "end": "00:07:11", "text": "Instead, they double down. They double"}, {"start": "00:07:08", "end": "00:07:13", "text": "down. Perfect. Perfect. Perfect. So this"}, {"start": "00:07:11", "end": "00:07:14", "text": "is not going to change. This kind of"}, {"start": "00:07:13", "end": "00:07:16", "text": "behavior is not going to change. It's"}, {"start": "00:07:14", "end": "00:07:18", "text": "always going to be part of the market."}, {"start": "00:07:16", "end": "00:07:20", "text": "And also there are certain people that"}, {"start": "00:07:18", "end": "00:07:23", "text": "never want to level themselves up. So"}, {"start": "00:07:20", "end": "00:07:24", "text": "instead of learning how trading works,"}, {"start": "00:07:23", "end": "00:07:27", "text": "learning how markets work, they just"}, {"start": "00:07:24", "end": "00:07:29", "text": "double down on hope. They're down 99%."}, {"start": "00:07:27", "end": "00:07:32", "text": "They want to follow the same guy that"}, {"start": "00:07:29", "end": "00:07:35", "text": "let them down 99%. Hoping that his plan"}, {"start": "00:07:32", "end": "00:07:36", "text": "will work out at the end. Okay? He he"}, {"start": "00:07:35", "end": "00:07:39", "text": "told you to buy some shitcoin, to buy"}, {"start": "00:07:36", "end": "00:07:41", "text": "some old coin. Now we're down 90%. But"}, {"start": "00:07:39", "end": "00:07:44", "text": "he's still positive. I mean, he's still"}, {"start": "00:07:41", "end": "00:07:47", "text": "he's still confident."}, {"start": "00:07:44", "end": "00:07:49", "text": "He still says he's right. And so people"}, {"start": "00:07:47", "end": "00:07:52", "text": "get stuck. And you know psychologically"}, {"start": "00:07:49", "end": "00:07:54", "text": "it's easier to just being stuck keep"}, {"start": "00:07:52", "end": "00:07:56", "text": "being stuck than to admit wait it's for"}, {"start": "00:07:54", "end": "00:07:58", "text": "guys man I have been tricked it's for"}, {"start": "00:07:56", "end": "00:08:01", "text": "guys this is why people who are part of"}, {"start": "00:07:58", "end": "00:08:04", "text": "scams ponzi schemes they they never"}, {"start": "00:08:01", "end": "00:08:05", "text": "admit it for them to understand that"}, {"start": "00:08:04", "end": "00:08:07", "text": "they were scammed for example look at"}, {"start": "00:08:05", "end": "00:08:10", "text": "one coin you know that people that"}, {"start": "00:08:07", "end": "00:08:11", "text": "exposed one coin there's a guy in Norway"}, {"start": "00:08:10", "end": "00:08:14", "text": "called Buorn I interviewed him like 10"}, {"start": "00:08:11", "end": "00:08:15", "text": "years ago he was exposing one coin he"}, {"start": "00:08:14", "end": "00:08:17", "text": "was telling people hey guys you've been"}, {"start": "00:08:15", "end": "00:08:20", "text": "scammed you've been scammed look at is"}, {"start": "00:08:17", "end": "00:08:23", "text": "he got so much hate from the people that"}, {"start": "00:08:20", "end": "00:08:26", "text": "were scammed to convince someone that"}, {"start": "00:08:23", "end": "00:08:28", "text": "they're scammed is harder than to scam"}, {"start": "00:08:26", "end": "00:08:30", "text": "them in the first place. So that's why"}, {"start": "00:08:28", "end": "00:08:33", "text": "this behavior will never end with uh"}, {"start": "00:08:30", "end": "00:08:37", "text": "people doing fugazi market analysis and"}, {"start": "00:08:33", "end": "00:08:40", "text": "then uh they were I was right anyway."}, {"start": "00:08:37", "end": "00:08:42", "text": "Crazy man. So it's it's up to you guys."}, {"start": "00:08:40", "end": "00:08:44", "text": "Do you take responsibility for your"}, {"start": "00:08:42", "end": "00:08:48", "text": "portfolio or no or no? or you are just"}, {"start": "00:08:44", "end": "00:08:50", "text": "stuck in the fugazi because the easiest"}, {"start": "00:08:48", "end": "00:08:51", "text": "most comfortable uh way to proceed"}, {"start": "00:08:50", "end": "00:08:53", "text": "through life is to be stuck in the"}, {"start": "00:08:51", "end": "00:08:55", "text": "fugazi. That's the easiest. It's also"}, {"start": "00:08:53", "end": "00:08:57", "text": "the worst for your portfolio. So that's"}, {"start": "00:08:55", "end": "00:08:59", "text": "why I keep telling you with uh how we"}, {"start": "00:08:57", "end": "00:09:01", "text": "trade with bull mania with mechanical"}, {"start": "00:08:59", "end": "00:09:03", "text": "rules, it's so so key. So if you feel"}, {"start": "00:09:01", "end": "00:09:05", "text": "that this uh bull market wasn't too good"}, {"start": "00:09:03", "end": "00:09:07", "text": "or you want it better or you you missed"}, {"start": "00:09:05", "end": "00:09:10", "text": "some easy mistakes that you made some"}, {"start": "00:09:07", "end": "00:09:12", "text": "easy mistakes, go to bullmaya.com, sign"}, {"start": "00:09:10", "end": "00:09:13", "text": "up for the weight list. This is, I"}, {"start": "00:09:12", "end": "00:09:17", "text": "think, going to be one of the last"}, {"start": "00:09:13", "end": "00:09:19", "text": "cohorts for uh uh for ju July for sure."}, {"start": "00:09:17", "end": "00:09:20", "text": "Probably also for August because we're"}, {"start": "00:09:19", "end": "00:09:24", "text": "going to have a bit of a summer summer"}, {"start": "00:09:20", "end": "00:09:26", "text": "break. So, uh new spots will be next"}, {"start": "00:09:24", "end": "00:09:28", "text": "week. So, sign up now if you haven't"}, {"start": "00:09:26", "end": "00:09:31", "text": "yet. Uh and uh next week when we release"}, {"start": "00:09:28", "end": "00:09:33", "text": "new spots, you will get it. Uh and"}, {"start": "00:09:31", "end": "00:09:35", "text": "likely until July is over and probably"}, {"start": "00:09:33", "end": "00:09:37", "text": "until August is over, we're going to"}, {"start": "00:09:35", "end": "00:09:38", "text": "close up new members because we're going"}, {"start": "00:09:37", "end": "00:09:40", "text": "to have a bit of a summer summer"}, {"start": "00:09:38", "end": "00:09:42", "text": "fantastic uh break. And that's that's"}, {"start": "00:09:40", "end": "00:09:43", "text": "very important. You got to recharge a"}, {"start": "00:09:42", "end": "00:09:47", "text": "bit. You got to recharge a bit. Looking"}, {"start": "00:09:43", "end": "00:09:50", "text": "at the overall market, we have BTC uh"}, {"start": "00:09:47", "end": "00:09:52", "text": "where 62K. I mean, still here at around,"}, {"start": "00:09:50", "end": "00:09:54", "text": "you know, 200 week average here and"}, {"start": "00:09:52", "end": "00:09:57", "text": "there. Looking at Sana. Sana down a bit,"}, {"start": "00:09:54", "end": "00:09:59", "text": "up a bit. Uh still looks very weak. I"}, {"start": "00:09:57", "end": "00:10:00", "text": "love Sana tech. I love Sana as a whole."}, {"start": "00:09:59", "end": "00:10:02", "text": "I think Robin Hood should not have done"}, {"start": "00:10:00", "end": "00:10:04", "text": "their own chain. I think they should"}, {"start": "00:10:02", "end": "00:10:05", "text": "have just integrated Sana. That would be"}, {"start": "00:10:04", "end": "00:10:06", "text": "better for everyone really. I mean Sana"}, {"start": "00:10:05", "end": "00:10:09", "text": "can do whatever they want to do with"}, {"start": "00:10:06", "end": "00:10:11", "text": "their Robin Hood chain. Sana can do it."}, {"start": "00:10:09", "end": "00:10:13", "text": "So why create another silo man? Why"}, {"start": "00:10:11", "end": "00:10:16", "text": "create another? It's like you know we"}, {"start": "00:10:13", "end": "00:10:20", "text": "have internet we have uh the you know"}, {"start": "00:10:16", "end": "00:10:22", "text": "www worldwide web and then you know some"}, {"start": "00:10:20", "end": "00:10:24", "text": "company does their own interest. Why you"}, {"start": "00:10:22", "end": "00:10:26", "text": "do it? And yes it's possible to bridge"}, {"start": "00:10:24", "end": "00:10:28", "text": "but why why why let's build freaking"}, {"start": "00:10:26", "end": "00:10:31", "text": "together at the end of the day. I think"}, {"start": "00:10:28", "end": "00:10:34", "text": "that's what what is going to happen that"}, {"start": "00:10:31", "end": "00:10:37", "text": "all of these corporate chains will uh"}, {"start": "00:10:34", "end": "00:10:38", "text": "lose uh relevancy as time passes just"}, {"start": "00:10:37", "end": "00:10:40", "text": "like bass. You remember how excited"}, {"start": "00:10:38", "end": "00:10:42", "text": "people were with Bass? Oh my god, Bass,"}, {"start": "00:10:40", "end": "00:10:43", "text": "Coinbase. They're going to have the app."}, {"start": "00:10:42", "end": "00:10:45", "text": "They're going to they're going to"}, {"start": "00:10:43", "end": "00:10:46", "text": "integrate the chain. Now no one cares"}, {"start": "00:10:45", "end": "00:10:48", "text": "about Bass. Where is B? Like no one"}, {"start": "00:10:46", "end": "00:10:50", "text": "cares about Bass. And now another"}, {"start": "00:10:48", "end": "00:10:52", "text": "corporate chain is there. So this"}, {"start": "00:10:50", "end": "00:10:54", "text": "corporate chains, it's a race to the"}, {"start": "00:10:52", "end": "00:10:56", "text": "bottom. Corpor chains are going to die"}, {"start": "00:10:54", "end": "00:10:57", "text": "out because Robin Hood obviously they"}, {"start": "00:10:56", "end": "00:10:59", "text": "don't want to use Bass. Why would they"}, {"start": "00:10:57", "end": "00:11:01", "text": "use Bass? They can have their own Robin"}, {"start": "00:10:59", "end": "00:11:03", "text": "Hood chain. Coinbase don't want to use"}, {"start": "00:11:01", "end": "00:11:05", "text": "Robin Hood chain because they they have"}, {"start": "00:11:03", "end": "00:11:09", "text": "their base chain. So it's a race to the"}, {"start": "00:11:05", "end": "00:11:11", "text": "bottom. It's rat eat rat dog eat dog."}, {"start": "00:11:09", "end": "00:11:12", "text": "Which corporate chain is gonna win? They"}, {"start": "00:11:11", "end": "00:11:16", "text": "have very little incentive to work"}, {"start": "00:11:12", "end": "00:11:18", "text": "together and sooner or later these"}, {"start": "00:11:16", "end": "00:11:20", "text": "corporations will just start using the"}, {"start": "00:11:18", "end": "00:11:22", "text": "public chains instead of rebuilding"}, {"start": "00:11:20", "end": "00:11:25", "text": "their own internet over and over again"}, {"start": "00:11:22", "end": "00:11:28", "text": "for no reason. Just effing up the"}, {"start": "00:11:25", "end": "00:11:30", "text": "industry with more bridging more you"}, {"start": "00:11:28", "end": "00:11:32", "text": "more copypaste unis swap. We have"}, {"start": "00:11:30", "end": "00:11:34", "text": "another copype of unis swap. Why we have"}, {"start": "00:11:32", "end": "00:11:37", "text": "another copy paste of unis swap? We we"}, {"start": "00:11:34", "end": "00:11:39", "text": "don't need split liquidity. Hayden"}, {"start": "00:11:37", "end": "00:11:42", "text": "Adams, founder of unis swap, is somehow"}, {"start": "00:11:39", "end": "00:11:45", "text": "proud of it. He says 500 million in 24"}, {"start": "00:11:42", "end": "00:11:48", "text": "hours on unis swap. Uh and uh yeah,"}, {"start": "00:11:45", "end": "00:11:50", "text": "good. But uh you should call out that"}, {"start": "00:11:48", "end": "00:11:52", "text": "your unis swap would be better if it was"}, {"start": "00:11:50", "end": "00:11:56", "text": "just one chain. Okay. With just one"}, {"start": "00:11:52", "end": "00:11:58", "text": "chain, man. Okay. That's why Sana is"}, {"start": "00:11:56", "end": "00:12:01", "text": "killing all of this ETH splitting of"}, {"start": "00:11:58", "end": "00:12:03", "text": "liquidity everywhere. Okay. So all in"}, {"start": "00:12:01", "end": "00:12:05", "text": "all, uh, looking at what has happened,"}, {"start": "00:12:03", "end": "00:12:07", "text": "you have these memes. Um, and by the"}, {"start": "00:12:05", "end": "00:12:09", "text": "way, for us to make money, it makes"}, {"start": "00:12:07", "end": "00:12:10", "text": "sense to be on Robin Hood chain. That's"}, {"start": "00:12:09", "end": "00:12:12", "text": "what I said yesterday also. I mean, for"}, {"start": "00:12:10", "end": "00:12:13", "text": "us to make money when we're trading, we"}, {"start": "00:12:12", "end": "00:12:15", "text": "are whatever the trading is. So if we"}, {"start": "00:12:13", "end": "00:12:17", "text": "have to bridge, we're going to bridge."}, {"start": "00:12:15", "end": "00:12:20", "text": "But as a concept, you know, looking at"}, {"start": "00:12:17", "end": "00:12:23", "text": "the industry long term, the best thing"}, {"start": "00:12:20", "end": "00:12:25", "text": "is not to recreate the wheel again and"}, {"start": "00:12:23", "end": "00:12:27", "text": "have your own corporate chain that you"}, {"start": "00:12:25", "end": "00:12:29", "text": "can call and brand. It's it's for guys,"}, {"start": "00:12:27", "end": "00:12:32", "text": "man. It's for guys. So anyway, uh let's"}, {"start": "00:12:29", "end": "00:12:34", "text": "see if the memes survive. Cash cut is"}, {"start": "00:12:32", "end": "00:12:37", "text": "now the biggest one. Has been mooning a"}, {"start": "00:12:34", "end": "00:12:40", "text": "lot. Reached 100 million. You have GME"}, {"start": "00:12:37", "end": "00:12:43", "text": "GameStop meme 3 million didn't even"}, {"start": "00:12:40", "end": "00:12:46", "text": "reach a lot. So this has a high chance"}, {"start": "00:12:43", "end": "00:12:48", "text": "of success if they integrate it properly"}, {"start": "00:12:46", "end": "00:12:50", "text": "into the Robin Hood app. They did add it"}, {"start": "00:12:48", "end": "00:12:51", "text": "to Robin Hood wallet, but that's like"}, {"start": "00:12:50", "end": "00:12:52", "text": "the, you know, is it's not their main"}, {"start": "00:12:51", "end": "00:12:54", "text": "app. It's not their main app. It's the"}, {"start": "00:12:52", "end": "00:12:56", "text": "wallet. It's kind of like their"}, {"start": "00:12:54", "end": "00:12:59", "text": "MetaMask. Uh I think they need to add it"}, {"start": "00:12:56", "end": "00:13:00", "text": "into main app and there are bullish"}, {"start": "00:12:59", "end": "00:13:02", "text": "bullish things that are very good for"}, {"start": "00:13:00", "end": "00:13:05", "text": "for the ecosystem for the Robin Hood"}, {"start": "00:13:02", "end": "00:13:07", "text": "ecosystem and by extension also other"}, {"start": "00:13:05", "end": "00:13:09", "text": "chains because you could bridge out but"}, {"start": "00:13:07", "end": "00:13:12", "text": "man you have to bridge out. Imagine if"}, {"start": "00:13:09", "end": "00:13:15", "text": "they just plugged and play Solana into"}, {"start": "00:13:12", "end": "00:13:17", "text": "it or I mean even ETH1 into it but if"}, {"start": "00:13:15", "end": "00:13:18", "text": "ETH is too slow you cannot plug it plug"}, {"start": "00:13:17", "end": "00:13:21", "text": "it anywhere. You cannot plug it anywhere"}, {"start": "00:13:18", "end": "00:13:24", "text": "but Salana you could have plugged it in."}, {"start": "00:13:21", "end": "00:13:26", "text": "You could have plugged it in. So look"}, {"start": "00:13:24", "end": "00:13:27", "text": "here. Uh this I agree with by the way."}, {"start": "00:13:26", "end": "00:13:29", "text": "Oh yeah, I get it. I I get it. The guy"}, {"start": "00:13:27", "end": "00:13:30", "text": "who owns the biggest digital transfer"}, {"start": "00:13:29", "end": "00:13:32", "text": "trading company, it being a top 250"}, {"start": "00:13:30", "end": "00:13:34", "text": "company, it being extremely norm"}, {"start": "00:13:32", "end": "00:13:36", "text": "friendly and has a central exchange and"}, {"start": "00:13:34", "end": "00:13:38", "text": "preps to list your coins launches a"}, {"start": "00:13:36", "end": "00:13:39", "text": "chain a week ago and is bull posting"}, {"start": "00:13:38", "end": "00:13:40", "text": "your bags is actually bad for onchain"}, {"start": "00:13:39", "end": "00:13:43", "text": "and we should really turn back to"}, {"start": "00:13:40", "end": "00:13:45", "text": "Salana. But see you can have two things"}, {"start": "00:13:43", "end": "00:13:47", "text": "in in the brain at the same time. It is"}, {"start": "00:13:45", "end": "00:13:48", "text": "good that he is doing onchain but it's"}, {"start": "00:13:47", "end": "00:13:50", "text": "such a missed opportunity that you have"}, {"start": "00:13:48", "end": "00:13:51", "text": "a corporate chain. Okay, have a"}, {"start": "00:13:50", "end": "00:13:54", "text": "corporate chain. Why you have a"}, {"start": "00:13:51", "end": "00:13:57", "text": "corporate chain at least? Okay, you uh I"}, {"start": "00:13:54", "end": "00:13:59", "text": "understand why uh Solana for for per"}, {"start": "00:13:57", "end": "00:14:01", "text": "decks it's it's not leasing. There's"}, {"start": "00:13:59", "end": "00:14:03", "text": "hyperlquid. There's hyperlquid. You can"}, {"start": "00:14:01", "end": "00:14:06", "text": "integrate hyperlquid. It's not even"}, {"start": "00:14:03", "end": "00:14:08", "text": "necessarily about just use what we have."}, {"start": "00:14:06", "end": "00:14:13", "text": "Don't give us another freaking island"}, {"start": "00:14:08", "end": "00:14:15", "text": "siloed. Okay. Okay. So, uh it's net"}, {"start": "00:14:13", "end": "00:14:17", "text": "positive. It's not bad. Like it's net"}, {"start": "00:14:15", "end": "00:14:20", "text": "positive Robin Hood chain. It is net"}, {"start": "00:14:17", "end": "00:14:21", "text": "positive. But imagine if it wasn't a"}, {"start": "00:14:20", "end": "00:14:23", "text": "corpor chain and they integrated"}, {"start": "00:14:21", "end": "00:14:25", "text": "something properly because I can tell"}, {"start": "00:14:23", "end": "00:14:27", "text": "you there is zero feature of uh Robin"}, {"start": "00:14:25", "end": "00:14:29", "text": "Hood that you cannot do on Solana on the"}, {"start": "00:14:27", "end": "00:14:30", "text": "Robin Hood chain that you cannot do on"}, {"start": "00:14:29", "end": "00:14:34", "text": "Solana and now Robin Hood chain by the"}, {"start": "00:14:30", "end": "00:14:37", "text": "way they have to pay 10% to the orbitum"}, {"start": "00:14:34", "end": "00:14:39", "text": "DAO like to arbitrum and uh yeah it's"}, {"start": "00:14:37", "end": "00:14:42", "text": "just feeding the L2 industrial complex"}, {"start": "00:14:39", "end": "00:14:45", "text": "which I'm also not a big fan of us you"}, {"start": "00:14:42", "end": "00:14:48", "text": "know so offchain labs co-ound 10% 10% of"}, {"start": "00:14:45", "end": "00:14:52", "text": "fees from Robin chain and other Arbitum"}, {"start": "00:14:48", "end": "00:14:54", "text": "L2s will go to the Arbitum ecosystem."}, {"start": "00:14:52", "end": "00:14:57", "text": "This coin is in the toilet. I mean,"}, {"start": "00:14:54", "end": "00:14:58", "text": "let's see. Arb Arbcoin maybe it goes to"}, {"start": "00:14:57", "end": "00:15:01", "text": "bull trend. I mean, if it goes to bull"}, {"start": "00:14:58", "end": "00:15:03", "text": "trend, we're bullish. But yeah, I mean,"}, {"start": "00:15:01", "end": "00:15:06", "text": "this 10% will it will it affect this"}, {"start": "00:15:03", "end": "00:15:09", "text": "this coin toconomics is so bad. Arbitum"}, {"start": "00:15:06", "end": "00:15:11", "text": "10% fee will it able to pump? So,"}, {"start": "00:15:09", "end": "00:15:13", "text": "holders of arbitum are not really"}, {"start": "00:15:11", "end": "00:15:16", "text": "winning because bass was also paying to"}, {"start": "00:15:13", "end": "00:15:21", "text": "arbitrum. Oh, no. were paying to OP the"}, {"start": "00:15:16", "end": "00:15:24", "text": "to optimism another L2 fugazi cartel"}, {"start": "00:15:21", "end": "00:15:26", "text": "uh now this one but see it's not going"}, {"start": "00:15:24", "end": "00:15:30", "text": "to the to the holder likely it is going"}, {"start": "00:15:26", "end": "00:15:31", "text": "to the the founder in one way or another"}, {"start": "00:15:30", "end": "00:15:34", "text": "where they can offload their coin"}, {"start": "00:15:31", "end": "00:15:35", "text": "somehow you know they get a bit of exit"}, {"start": "00:15:34", "end": "00:15:37", "text": "liquidity because they don't care really"}, {"start": "00:15:35", "end": "00:15:40", "text": "that the that the that the coin is down"}, {"start": "00:15:37", "end": "00:15:41", "text": "and at the end of the it's a missed"}, {"start": "00:15:40", "end": "00:15:43", "text": "opportunity it is a missed opportunity"}, {"start": "00:15:41", "end": "00:15:47", "text": "they should not have done a corporate"}, {"start": "00:15:43", "end": "00:15:49", "text": "chain uh also on. You have uh Ras"}, {"start": "00:15:47", "end": "00:15:52", "text": "Rasmer, what's his name? Rasomer."}, {"start": "00:15:49", "end": "00:15:54", "text": "Rasamer kind of same saying saying a"}, {"start": "00:15:52", "end": "00:15:57", "text": "similar thing. Listen to this. Here's a"}, {"start": "00:15:54", "end": "00:15:58", "text": "take for the Clippers. If Robin Hood"}, {"start": "00:15:57", "end": "00:16:01", "text": "actually wanted to offer the best"}, {"start": "00:15:58", "end": "00:16:03", "text": "product for their users, they would find"}, {"start": "00:16:01", "end": "00:16:06", "text": "a way to partner with Salana and really"}, {"start": "00:16:03", "end": "00:16:07", "text": "hammer that [�__�] because Salana has"}, {"start": "00:16:06", "end": "00:16:11", "text": "everything Robin Hood wants to"}, {"start": "00:16:07", "end": "00:16:13", "text": "integrate, right? Salana has everything"}, {"start": "00:16:11", "end": "00:16:14", "text": "and so does Hyperlid. they already"}, {"start": "00:16:13", "end": "00:16:16", "text": "exist."}, {"start": "00:16:14", "end": "00:16:18", "text": ">> And by the way guys, I mean to be clear,"}, {"start": "00:16:16", "end": "00:16:20", "text": "I'm bearish Salana price. So I don't"}, {"start": "00:16:18", "end": "00:16:23", "text": "really care about Slana going up. This"}, {"start": "00:16:20", "end": "00:16:25", "text": "is literally from a tech perspective"}, {"start": "00:16:23", "end": "00:16:27", "text": "is a missed opportunity. I still think"}, {"start": "00:16:25", "end": "00:16:29", "text": "highest likely Slana goes to 30. Just"}, {"start": "00:16:27", "end": "00:16:31", "text": "understand because there's always"}, {"start": "00:16:29", "end": "00:16:33", "text": "something, oh I was trying to pump. What"}, {"start": "00:16:31", "end": "00:16:35", "text": "do you mean? I'm bearish soul. Now I'm"}, {"start": "00:16:33", "end": "00:16:36", "text": "bearish salt. If it goes to bull trend"}, {"start": "00:16:35", "end": "00:16:38", "text": "above 93, then I'm going to be bullish."}, {"start": "00:16:36", "end": "00:16:40", "text": "I'm now I'm bearish salt. Just you"}, {"start": "00:16:38", "end": "00:16:41", "text": "understand."}, {"start": "00:16:40", "end": "00:16:44", "text": "You didn't need to make your own [�__�]"}, {"start": "00:16:41", "end": "00:16:45", "text": "order book on lighter. You didn't need"}, {"start": "00:16:44", "end": "00:16:47", "text": "to make a new order book from scratch."}, {"start": "00:16:45", "end": "00:16:49", "text": "You could have done hyperlquid builder"}, {"start": "00:16:47", "end": "00:16:51", "text": "codes. You don't need to make your own"}, {"start": "00:16:49", "end": "00:16:53", "text": "liquid. I'm fine with hyperlquid also."}, {"start": "00:16:51", "end": "00:16:57", "text": "Oh, also hyperlquid is bullish"}, {"start": "00:16:53", "end": "00:17:01", "text": ">> chain. You can utilize Salana, Vivu,"}, {"start": "00:16:57", "end": "00:17:04", "text": "Tally, Raj, Anom, every single builder"}, {"start": "00:17:01", "end": "00:17:06", "text": "[�__�] building [�__�] on Salana. They've"}, {"start": "00:17:04", "end": "00:17:08", "text": "been grinding for years building out"}, {"start": "00:17:06", "end": "00:17:09", "text": "prop."}, {"start": "00:17:08", "end": "00:17:10", "text": "So at the end of the day guys what"}, {"start": "00:17:09", "end": "00:17:12", "text": "what's going to happen is that the"}, {"start": "00:17:10", "end": "00:17:14", "text": "corporate chains they just set us back"}, {"start": "00:17:12", "end": "00:17:17", "text": "like a few years they need to figure out"}, {"start": "00:17:14", "end": "00:17:19", "text": "themselves that oh man to have the"}, {"start": "00:17:17", "end": "00:17:21", "text": "biggest revenue the best thing would be"}, {"start": "00:17:19", "end": "00:17:25", "text": "to just build on soul. So what is"}, {"start": "00:17:21", "end": "00:17:26", "text": "required is that some other new bank"}, {"start": "00:17:25", "end": "00:17:28", "text": "let's say revolute let's say someone"}, {"start": "00:17:26", "end": "00:17:31", "text": "else comes out and says hey we're going"}, {"start": "00:17:28", "end": "00:17:33", "text": "to build on soul and the success is"}, {"start": "00:17:31", "end": "00:17:35", "text": "shown by them building on soul and then"}, {"start": "00:17:33", "end": "00:17:37", "text": "everyone understands okay building your"}, {"start": "00:17:35", "end": "00:17:40", "text": "own thing now they have to maintain it"}, {"start": "00:17:37", "end": "00:17:41", "text": "they have to ensure that it runs how"}, {"start": "00:17:40", "end": "00:17:44", "text": "many people will Robin Hood put on"}, {"start": "00:17:41", "end": "00:17:46", "text": "ensuring that the freaking chain is okay"}, {"start": "00:17:44", "end": "00:17:50", "text": "uh outage how much outage they going to"}, {"start": "00:17:46", "end": "00:17:52", "text": "have etc etc etc etc so let's see is"}, {"start": "00:17:50", "end": "00:17:53", "text": "Robinood ood here to stay or will last a"}, {"start": "00:17:52", "end": "00:17:56", "text": "week. Money is pouring into the"}, {"start": "00:17:53", "end": "00:17:59", "text": "ecosystem especially from Solana. Uh for"}, {"start": "00:17:56", "end": "00:18:01", "text": "comparison that and also okay Robin Hood"}, {"start": "00:17:59", "end": "00:18:03", "text": "how do we profit from it? It's only if"}, {"start": "00:18:01", "end": "00:18:05", "text": "you buy Robin Hood stock. There's not"}, {"start": "00:18:03", "end": "00:18:07", "text": "even a coin there. Some people try to"}, {"start": "00:18:05", "end": "00:18:09", "text": "make the mental gymnastic that is good"}, {"start": "00:18:07", "end": "00:18:11", "text": "for ETH. I literally saw someone writing"}, {"start": "00:18:09", "end": "00:18:13", "text": "oh it's so good for ETH man. That's"}, {"start": "00:18:11", "end": "00:18:16", "text": "that's big mental gymnastic because"}, {"start": "00:18:13", "end": "00:18:18", "text": "we've we've already concluded that L2s"}, {"start": "00:18:16", "end": "00:18:20", "text": "are not good for ETH. ETH road map is"}, {"start": "00:18:18", "end": "00:18:22", "text": "basically against L2us now. But there's"}, {"start": "00:18:20", "end": "00:18:23", "text": "also it's really good for ETH. What do"}, {"start": "00:18:22", "end": "00:18:26", "text": "you mean it's good for ET? It's not good"}, {"start": "00:18:23", "end": "00:18:27", "text": "for ETH. It was actually alcoin. Big"}, {"start": "00:18:26", "end": "00:18:29", "text": "shout out to Alcoin Daily, guys. This is"}, {"start": "00:18:27", "end": "00:18:32", "text": "what they said. This is very good for"}, {"start": "00:18:29", "end": "00:18:35", "text": "ETH. It's not good for ETH, guys."}, {"start": "00:18:32", "end": "00:18:36", "text": "L2s have never been good for ETH. Okay."}, {"start": "00:18:35", "end": "00:18:41", "text": "The fact that you have a corporate chain"}, {"start": "00:18:36", "end": "00:18:43", "text": "L2 doing stuff, it's not good for ETH in"}, {"start": "00:18:41", "end": "00:18:45", "text": "the slightest. In the slightest. Uh it's"}, {"start": "00:18:43", "end": "00:18:48", "text": "like B good for ETH. orbitum like we've"}, {"start": "00:18:45", "end": "00:18:50", "text": "been here many times before and uh it's"}, {"start": "00:18:48", "end": "00:18:53", "text": "the classic it's very good for ETH man"}, {"start": "00:18:50", "end": "00:18:55", "text": "it's not good for ETH it's like binary"}, {"start": "00:18:53", "end": "00:18:57", "text": "is binary good for ETH it's not even L2"}, {"start": "00:18:55", "end": "00:18:59", "text": "but it doesn't actually really matter"}, {"start": "00:18:57", "end": "00:19:01", "text": "because what is the point of having an"}, {"start": "00:18:59", "end": "00:19:03", "text": "L2 you don't get too many benefits for"}, {"start": "00:19:01", "end": "00:19:06", "text": "ETH anyway the only benefit is that it"}, {"start": "00:19:03", "end": "00:19:08", "text": "is EVM and we use the same way to build"}, {"start": "00:19:06", "end": "00:19:10", "text": "so the standard is the same the token"}, {"start": "00:19:08", "end": "00:19:11", "text": "standard standards are the same so"}, {"start": "00:19:10", "end": "00:19:13", "text": "bridging is a bit easier like"}, {"start": "00:19:11", "end": "00:19:16", "text": "interperability is a bit easier whether"}, {"start": "00:19:13", "end": "00:19:18", "text": "it Robin Hood chain or Binance chain."}, {"start": "00:19:16", "end": "00:19:21", "text": "Binance is not even L2, but it doesn't"}, {"start": "00:19:18", "end": "00:19:23", "text": "matter like for the ETH doesn't actually"}, {"start": "00:19:21", "end": "00:19:25", "text": "really matter. The what would make it"}, {"start": "00:19:23", "end": "00:19:28", "text": "matter there? There is a way for them to"}, {"start": "00:19:25", "end": "00:19:30", "text": "to make it matter and it mattered in the"}, {"start": "00:19:28", "end": "00:19:33", "text": "past and that's when all of these L2s"}, {"start": "00:19:30", "end": "00:19:35", "text": "paid a lot of money to ETH. You remember"}, {"start": "00:19:33", "end": "00:19:39", "text": "like two years ago, three years ago"}, {"start": "00:19:35", "end": "00:19:41", "text": "even, ETH was deflationary and also it"}, {"start": "00:19:39", "end": "00:19:43", "text": "gave you yield. Then it matter. But then"}, {"start": "00:19:41", "end": "00:19:46", "text": "they effed it up. ETH e fed it up by"}, {"start": "00:19:43", "end": "00:19:50", "text": "removing the fees for L2s to trying to"}, {"start": "00:19:46", "end": "00:19:52", "text": "make L2s even better and uh yeah what"}, {"start": "00:19:50", "end": "00:19:54", "text": "happened no one is paying anything to"}, {"start": "00:19:52", "end": "00:19:56", "text": "ETH ETH is not deflationary if is"}, {"start": "00:19:54", "end": "00:20:00", "text": "inflationary there is no burn yada yada"}, {"start": "00:19:56", "end": "00:20:04", "text": "yada so guys u uh overall um we do see"}, {"start": "00:20:00", "end": "00:20:07", "text": "the growth of Robin Hood now um waste"}, {"start": "00:20:04", "end": "00:20:08", "text": "opportunity in my mind uh but uh overall"}, {"start": "00:20:07", "end": "00:20:10", "text": "net positive I mean I still need to say"}, {"start": "00:20:08", "end": "00:20:13", "text": "it's overall net positive because yes"}, {"start": "00:20:10", "end": "00:20:15", "text": "now Robin Hood guys can uh trade on"}, {"start": "00:20:13", "end": "00:20:17", "text": "Robin Hood. Yeah, but the interesting"}, {"start": "00:20:15", "end": "00:20:20", "text": "thing is Robin Hood already had all"}, {"start": "00:20:17", "end": "00:20:22", "text": "kinds of other uh things integrated into"}, {"start": "00:20:20", "end": "00:20:24", "text": "the Robin Hood wallet. So, if they only"}, {"start": "00:20:22", "end": "00:20:25", "text": "added to Robin Hood wallet, I'm not even"}, {"start": "00:20:24", "end": "00:20:28", "text": "sure how much it's going to help because"}, {"start": "00:20:25", "end": "00:20:30", "text": "they had already like Sulana and stuff."}, {"start": "00:20:28", "end": "00:20:32", "text": "Um I know that they're planning to to"}, {"start": "00:20:30", "end": "00:20:34", "text": "move their uh stocks that you can the"}, {"start": "00:20:32", "end": "00:20:36", "text": "stocks you trade on Robin Hood, you can"}, {"start": "00:20:34", "end": "00:20:37", "text": "trade on Robin Chain. So, yeah, would be"}, {"start": "00:20:36", "end": "00:20:40", "text": "nice. Uh let's see what's going to"}, {"start": "00:20:37", "end": "00:20:43", "text": "happen. Open C is integrating them. swap"}, {"start": "00:20:40", "end": "00:20:45", "text": "from Sana, ETH, and more into Robin"}, {"start": "00:20:43", "end": "00:20:49", "text": "Hood. So, if you use OpenC for trading"}, {"start": "00:20:45", "end": "00:20:50", "text": "NFTs, it's integrated. Um, some teams,"}, {"start": "00:20:49", "end": "00:20:52", "text": "this world, uh, I don't know what's"}, {"start": "00:20:50", "end": "00:20:53", "text": "happening. They said, we're going to"}, {"start": "00:20:52", "end": "00:20:56", "text": "move to Robin Hood. They haven't even"}, {"start": "00:20:53", "end": "00:20:59", "text": "launched. It was some kind of prediction"}, {"start": "00:20:56", "end": "00:21:01", "text": "market. It really looked like they are"}, {"start": "00:20:59", "end": "00:21:03", "text": "working closely with Solana. Now, they"}, {"start": "00:21:01", "end": "00:21:05", "text": "jumped to Robin Hood. I don't is it is"}, {"start": "00:21:03", "end": "00:21:08", "text": "this a meme?"}, {"start": "00:21:05", "end": "00:21:11", "text": "You remember a few days ago uh we"}, {"start": "00:21:08", "end": "00:21:16", "text": "discussed that um they're going to be in"}, {"start": "00:21:11", "end": "00:21:18", "text": "um in Phantom and all of that. Uh but"}, {"start": "00:21:16", "end": "00:21:19", "text": "these guys I mean they are they all said"}, {"start": "00:21:18", "end": "00:21:25", "text": "they have no product and then they had a"}, {"start": "00:21:19", "end": "00:21:29", "text": "product. Uh wouldn't surprise me if it's"}, {"start": "00:21:25", "end": "00:21:29", "text": "look here decision"}, {"start": "00:21:30", "end": "00:21:36", "text": "guys. This may be like a like a meme"}, {"start": "00:21:33", "end": "00:21:36", "text": "inside a meme."}, {"start": "00:21:39", "end": "00:21:42", "text": "Yeah, let's see guys. Let's see guys. I"}, {"start": "00:21:41", "end": "00:21:45", "text": "don't know if they actually going to"}, {"start": "00:21:42", "end": "00:21:47", "text": "move. I may be a bit too boomer to"}, {"start": "00:21:45", "end": "00:21:48", "text": "understand that. But there is kind of a"}, {"start": "00:21:47", "end": "00:21:50", "text": "thing now, you know, after careful"}, {"start": "00:21:48", "end": "00:21:52", "text": "deliberation, our team is going to move"}, {"start": "00:21:50", "end": "00:21:54", "text": "to Robin Hood. It may be just a a meme."}, {"start": "00:21:52", "end": "00:21:55", "text": "You you can do a bit of research,"}, {"start": "00:21:54", "end": "00:21:58", "text": "especially this project. I mean, they"}, {"start": "00:21:55", "end": "00:22:00", "text": "are they're meing hard. They're meing"}, {"start": "00:21:58", "end": "00:22:03", "text": "hard. Um these guys after careful"}, {"start": "00:22:00", "end": "00:22:06", "text": "deliberation uh we will not be leaving"}, {"start": "00:22:03", "end": "00:22:09", "text": "to build on Robin Hood chain S and also"}, {"start": "00:22:06", "end": "00:22:12", "text": "Sena did one Sena did after careful"}, {"start": "00:22:09", "end": "00:22:15", "text": "deliberation Sana let's see guys so uh"}, {"start": "00:22:12", "end": "00:22:20", "text": "moving on BNB chain BNB chain there's"}, {"start": "00:22:15", "end": "00:22:22", "text": "also BNB chain after cutting BSC block"}, {"start": "00:22:20", "end": "00:22:23", "text": "interval uh they're going to yeah"}, {"start": "00:22:22", "end": "00:22:25", "text": "they're going to cut the block interval"}, {"start": "00:22:23", "end": "00:22:28", "text": "they do a bit of tinkering here"}, {"start": "00:22:25", "end": "00:22:30", "text": "improving a bit uh block interval going"}, {"start": "00:22:28", "end": "00:22:32", "text": "to be faster memory Mor going to be"}, {"start": "00:22:30", "end": "00:22:35", "text": "faster this and that. Trying to bring"}, {"start": "00:22:32", "end": "00:22:36", "text": "life into BNB chain. Yeah. Let's see"}, {"start": "00:22:35", "end": "00:22:38", "text": "some I mean this things, you know, a bit"}, {"start": "00:22:36", "end": "00:22:40", "text": "faster here, a bit faster there. Good."}, {"start": "00:22:38", "end": "00:22:42", "text": "Uh but we need apps. This a bit faster"}, {"start": "00:22:40", "end": "00:22:44", "text": "here, a bit faster there. No one cares"}, {"start": "00:22:42", "end": "00:22:46", "text": "about it. It's 2026. The only thing"}, {"start": "00:22:44", "end": "00:22:49", "text": "people care about it care about are"}, {"start": "00:22:46", "end": "00:22:52", "text": "apps. Apps, DAPs, prediction market,"}, {"start": "00:22:49", "end": "00:22:53", "text": "meme. I I don't care about I'm I'm not"}, {"start": "00:22:52", "end": "00:22:55", "text": "impressed if someone comes and says,"}, {"start": "00:22:53", "end": "00:22:57", "text": "\"Oh, we have tinkered here with a few"}, {"start": "00:22:55", "end": "00:23:00", "text": "millisecond. We've tinker tinkered here"}, {"start": "00:22:57", "end": "00:23:02", "text": "with consensus because uh uh I'm reading"}, {"start": "00:23:00", "end": "00:23:04", "text": "it since 2017. New consensus, new"}, {"start": "00:23:02", "end": "00:23:09", "text": "tinkering, new this, new that. The only"}, {"start": "00:23:04", "end": "00:23:12", "text": "thing that I get impressed is volume TVL"}, {"start": "00:23:09", "end": "00:23:14", "text": "prediction market activity, uh memes,"}, {"start": "00:23:12", "end": "00:23:16", "text": "new coins, people getting rich, trading"}, {"start": "00:23:14", "end": "00:23:18", "text": "stuff. That's impressive. Everything"}, {"start": "00:23:16", "end": "00:23:20", "text": "else, get get out of here. Get out of"}, {"start": "00:23:18", "end": "00:23:22", "text": "here. Tinker in in your room there"}, {"start": "00:23:20", "end": "00:23:25", "text": "somewhere and close the door. It's not"}, {"start": "00:23:22", "end": "00:23:29", "text": "interesting. If you are using Coinbase"}, {"start": "00:23:25", "end": "00:23:31", "text": "now, you get 7% uh APY when lending"}, {"start": "00:23:29", "end": "00:23:33", "text": "USDC. If you have Coinbase One, put your"}, {"start": "00:23:31", "end": "00:23:35", "text": "money to work with the flex flexibility"}, {"start": "00:23:33", "end": "00:23:37", "text": "withdraw any time. I mean, this one is"}, {"start": "00:23:35", "end": "00:23:40", "text": "uh solid. I mean, the fact that Coinbase"}, {"start": "00:23:37", "end": "00:23:43", "text": "is offering the the uh stable coin and"}, {"start": "00:23:40", "end": "00:23:45", "text": "you can withdraw at any time. And also,"}, {"start": "00:23:43", "end": "00:23:47", "text": "someone in Bulmania in our chat said"}, {"start": "00:23:45", "end": "00:23:52", "text": "also that you don't even need to deposit"}, {"start": "00:23:47", "end": "00:23:53", "text": "into Coinbase to get yield in your USDC."}, {"start": "00:23:52", "end": "00:23:55", "text": "Please confirm if it's true uh if you"}, {"start": "00:23:53", "end": "00:23:57", "text": "use Coinbase. I don't use Coinbase"}, {"start": "00:23:55", "end": "00:23:59", "text": "myself so I cannot verify. But someone"}, {"start": "00:23:57", "end": "00:24:01", "text": "told me that basically you can put"}, {"start": "00:23:59", "end": "00:24:04", "text": "stable coin USDC in your self-custodial"}, {"start": "00:24:01", "end": "00:24:08", "text": "wallet and they give you yield just you"}, {"start": "00:24:04", "end": "00:24:09", "text": "know for you holding USDC in the wallet."}, {"start": "00:24:08", "end": "00:24:12", "text": "Please confirm that. Maybe it's only in"}, {"start": "00:24:09", "end": "00:24:14", "text": "the US maybe only for Coinbase One or"}, {"start": "00:24:12", "end": "00:24:17", "text": "whatever. But that's that guys. Look"}, {"start": "00:24:14", "end": "00:24:21", "text": "here. Bass base something's happening on"}, {"start": "00:24:17", "end": "00:24:23", "text": "base uh base barrel and the B20 native"}, {"start": "00:24:21", "end": "00:24:26", "text": "token standard officially live on"}, {"start": "00:24:23", "end": "00:24:27", "text": "mainet. Let's see what is it. Base"}, {"start": "00:24:26", "end": "00:24:31", "text": "barrel test net is live. Our second"}, {"start": "00:24:27", "end": "00:24:34", "text": "network upgrade arrives on mainet makes"}, {"start": "00:24:31", "end": "00:24:37", "text": "barrel makes base a firstass issuance"}, {"start": "00:24:34", "end": "00:24:39", "text": "platforms where the B20 token standard"}, {"start": "00:24:37", "end": "00:24:40", "text": "more capital efficient with a reduced"}, {"start": "00:24:39", "end": "00:24:43", "text": "withdrawal delay. So it's some kind of"}, {"start": "00:24:40", "end": "00:24:44", "text": "RWA thing or something. Azul our first"}, {"start": "00:24:43", "end": "00:24:47", "text": "network. So what is it? What is what is"}, {"start": "00:24:44", "end": "00:24:48", "text": "it? Delivers introduces new native."}, {"start": "00:24:47", "end": "00:24:50", "text": "What? What does it do, man? What does it"}, {"start": "00:24:48", "end": "00:24:53", "text": "do? Template for creating new token that"}, {"start": "00:24:50", "end": "00:24:55", "text": "leverage the code embedded in the chain"}, {"start": "00:24:53", "end": "00:24:58", "text": "itself instead of smart contracts on"}, {"start": "00:24:55", "end": "00:24:59", "text": "top. Okay. Okay. Okay. Okay. Okay. I"}, {"start": "00:24:58", "end": "00:25:01", "text": "mean, this could be good. So, you don't"}, {"start": "00:24:59", "end": "00:25:03", "text": "have to copy paste all contracts all the"}, {"start": "00:25:01", "end": "00:25:06", "text": "time. We made it to streamline compliant"}, {"start": "00:25:03", "end": "00:25:09", "text": "asset issuance. Okay. Okay. Okay."}, {"start": "00:25:06", "end": "00:25:11", "text": "Uh I mean for corp chain, this is a good"}, {"start": "00:25:09", "end": "00:25:12", "text": "feature for corp chain. Let's say you"}, {"start": "00:25:11", "end": "00:25:14", "text": "need KYC, you don't have to like"}, {"start": "00:25:12", "end": "00:25:16", "text": "re-upload KYC code for each and every"}, {"start": "00:25:14", "end": "00:25:19", "text": "asset. But that's a general problem in"}, {"start": "00:25:16", "end": "00:25:21", "text": "EVM. You have to re-upload all of the"}, {"start": "00:25:19", "end": "00:25:23", "text": "code all the time. Even if you use the"}, {"start": "00:25:21", "end": "00:25:26", "text": "same thing that many other assets use,"}, {"start": "00:25:23", "end": "00:25:28", "text": "you have to re-upload. Each ERC20 coin"}, {"start": "00:25:26", "end": "00:25:30", "text": "is a re-upload of the same code with the"}, {"start": "00:25:28", "end": "00:25:32", "text": "same functionality as all other ERC20"}, {"start": "00:25:30", "end": "00:25:34", "text": "coins. So very inefficient. So B20"}, {"start": "00:25:32", "end": "00:25:35", "text": "implements the ERC20 specification"}, {"start": "00:25:34", "end": "00:25:38", "text": "making it interoperable with all"}, {"start": "00:25:35", "end": "00:25:39", "text": "existing systems. What is different is"}, {"start": "00:25:38", "end": "00:25:42", "text": "how it runs rather than a conventional"}, {"start": "00:25:39", "end": "00:25:45", "text": "smart contract. B20 is a pre-ompile"}, {"start": "00:25:42", "end": "00:25:47", "text": "contract. It u its logic runs natively"}, {"start": "00:25:45", "end": "00:25:49", "text": "in the node software. There you go. And"}, {"start": "00:25:47", "end": "00:25:51", "text": "exit directly instead of uh onchain as"}, {"start": "00:25:49", "end": "00:25:53", "text": "EVM bite code. So that's good. That's"}, {"start": "00:25:51", "end": "00:25:55", "text": "good. So you don't have to re-upload its"}, {"start": "00:25:53", "end": "00:25:57", "text": "like built-in feature. Issuers can"}, {"start": "00:25:55", "end": "00:25:59", "text": "deploy and configure token. So guys, if"}, {"start": "00:25:57", "end": "00:26:00", "text": "you want to issue some corp chain stuff,"}, {"start": "00:25:59", "end": "00:26:03", "text": "this is good. I mean actually good good."}, {"start": "00:26:00", "end": "00:26:04", "text": "And I'm saying corp chain just as a"}, {"start": "00:26:03", "end": "00:26:06", "text": "perfect definition of what it is. It's"}, {"start": "00:26:04", "end": "00:26:08", "text": "not some kind of, you know, I'm not I'm"}, {"start": "00:26:06", "end": "00:26:10", "text": "mocking it. It's it's corp chain. It's"}, {"start": "00:26:08", "end": "00:26:13", "text": "corporation doing a chain. Corp chain."}, {"start": "00:26:10", "end": "00:26:15", "text": "No native coin. No no way for holders to"}, {"start": "00:26:13", "end": "00:26:18", "text": "get rich. You you could get rich if you"}, {"start": "00:26:15", "end": "00:26:19", "text": "get into Coinbase stock, but then you're"}, {"start": "00:26:18", "end": "00:26:21", "text": "buying also all the other their"}, {"start": "00:26:19", "end": "00:26:22", "text": "business. And yeah, it's it's it's a"}, {"start": "00:26:21", "end": "00:26:24", "text": "different play. The same thing with"}, {"start": "00:26:22", "end": "00:26:25", "text": "Robin Hood. It's a corp chain. How do"}, {"start": "00:26:24", "end": "00:26:28", "text": "you get rich from it? Maybe if you buy"}, {"start": "00:26:25", "end": "00:26:30", "text": "Robin Hood stock, but um yeah, good"}, {"start": "00:26:28", "end": "00:26:33", "text": "luck. Uh let's actually see if it's a"}, {"start": "00:26:30", "end": "00:26:36", "text": "bull or bear. Hood. The hood. Robin Hood"}, {"start": "00:26:33", "end": "00:26:38", "text": "markets actually bull actually looks"}, {"start": "00:26:36", "end": "00:26:40", "text": "quite good to be fair. To be fair, it"}, {"start": "00:26:38", "end": "00:26:42", "text": "looks uh it looks very good. I mean"}, {"start": "00:26:40", "end": "00:26:46", "text": "since the bull trend flipped here it's"}, {"start": "00:26:42", "end": "00:26:49", "text": "25%. So if you're bullish on Robin Hood"}, {"start": "00:26:46", "end": "00:26:50", "text": "chain uh then this this looks quite"}, {"start": "00:26:49", "end": "00:26:52", "text": "good. I mean look here went above this."}, {"start": "00:26:50", "end": "00:26:54", "text": "It was here at the resistance went above"}, {"start": "00:26:52", "end": "00:26:57", "text": "it. Fantastic. We analyzed it a few days"}, {"start": "00:26:54", "end": "00:26:58", "text": "ago. Uh looks very good. Uh Coinbase."}, {"start": "00:26:57", "end": "00:27:00", "text": "Let's see. Coinbase. If you like this"}, {"start": "00:26:58", "end": "00:27:02", "text": "Corp chain. So I'm I'm not judging"}, {"start": "00:27:00", "end": "00:27:03", "text": "against you guys. If you like the corp"}, {"start": "00:27:02", "end": "00:27:05", "text": "chain, you you have the opportunity here"}, {"start": "00:27:03", "end": "00:27:07", "text": "with the stock. You can buy Coinbase"}, {"start": "00:27:05", "end": "00:27:09", "text": "stock. Uh don't buy Coinbase stock now."}, {"start": "00:27:07", "end": "00:27:11", "text": "It's uh it's very bad. Robin Hood looks"}, {"start": "00:27:09", "end": "00:27:14", "text": "good. This one looks very bad. It's"}, {"start": "00:27:11", "end": "00:27:15", "text": "below 200 week. It's uh now at this"}, {"start": "00:27:14", "end": "00:27:18", "text": "massive support. So wait for the bull"}, {"start": "00:27:15", "end": "00:27:19", "text": "flip. Should be bullish. Fantastic."}, {"start": "00:27:18", "end": "00:27:21", "text": "Fantastic. So it's just what it is. It's"}, {"start": "00:27:19", "end": "00:27:23", "text": "the corp chain. You have to buy the"}, {"start": "00:27:21", "end": "00:27:25", "text": "stock to profit from the success of the"}, {"start": "00:27:23", "end": "00:27:26", "text": "corp chain. Don't do mental gymnastic"}, {"start": "00:27:25", "end": "00:27:29", "text": "that is good for ETH. Just don't do"}, {"start": "00:27:26", "end": "00:27:30", "text": "that. It's not good for ETH. If you're"}, {"start": "00:27:29", "end": "00:27:34", "text": "clear with that, you can buy the stock"}, {"start": "00:27:30", "end": "00:27:37", "text": "for the corp chain. So ERC 2612 permit"}, {"start": "00:27:34", "end": "00:27:41", "text": "signature. You can read here, but it's"}, {"start": "00:27:37", "end": "00:27:43", "text": "um yeah, reusing KYC KYC functionality."}, {"start": "00:27:41", "end": "00:27:45", "text": "Sun Lumis coming out saying this is"}, {"start": "00:27:43", "end": "00:27:48", "text": "likely our last chance to get real"}, {"start": "00:27:45", "end": "00:27:52", "text": "legislation for digital assets on the"}, {"start": "00:27:48", "end": "00:27:54", "text": "books before 2030. If we fail to pass"}, {"start": "00:27:52", "end": "00:27:55", "text": "the Clarity Act, we're ensuring another"}, {"start": "00:27:54", "end": "00:27:57", "text": "country will write the rules for digital"}, {"start": "00:27:55", "end": "00:27:59", "text": "assets and we spend the next decade"}, {"start": "00:27:57", "end": "00:28:02", "text": "catching up. So yeah, let's see. Let's"}, {"start": "00:27:59", "end": "00:28:05", "text": "see. Let me like it. Um, Clarity Act"}, {"start": "00:28:02", "end": "00:28:07", "text": "will not uh change anything for Bitcoin."}, {"start": "00:28:05", "end": "00:28:09", "text": "Just so you're aware, I keep repeating"}, {"start": "00:28:07", "end": "00:28:11", "text": "it. Bull markets will not start after"}, {"start": "00:28:09", "end": "00:28:12", "text": "Clarity Act. Bull market will will start"}, {"start": "00:28:11", "end": "00:28:14", "text": "when we bottom out in Q4. Regardless,"}, {"start": "00:28:12", "end": "00:28:17", "text": "Clarity Act, no Clarity Act, just like"}, {"start": "00:28:14", "end": "00:28:19", "text": "you know, regardless Iran, not Iran."}, {"start": "00:28:17", "end": "00:28:22", "text": "These things are more short-term pump"}, {"start": "00:28:19", "end": "00:28:24", "text": "and dump for the stock market and"}, {"start": "00:28:22", "end": "00:28:26", "text": "Clarity Act. It's people think it's"}, {"start": "00:28:24", "end": "00:28:28", "text": "going to matter. It will not matter for"}, {"start": "00:28:26", "end": "00:28:29", "text": "for your bag. It will not matter if you"}, {"start": "00:28:28", "end": "00:28:31", "text": "are a business I mean you're doing"}, {"start": "00:28:29", "end": "00:28:32", "text": "business in the US crypto business then"}, {"start": "00:28:31", "end": "00:28:34", "text": "it matters you want to open up an"}, {"start": "00:28:32", "end": "00:28:36", "text": "exchange you want to do a coin in the US"}, {"start": "00:28:34", "end": "00:28:39", "text": "then it matters a lot but in the short"}, {"start": "00:28:36", "end": "00:28:41", "text": "term the coming year the coming quarters"}, {"start": "00:28:39", "end": "00:28:44", "text": "what clarack is going to do for for the"}, {"start": "00:28:41", "end": "00:28:47", "text": "bag nothing nothing if you are a"}, {"start": "00:28:44", "end": "00:28:48", "text": "business yeah then it matters u but"}, {"start": "00:28:47", "end": "00:28:49", "text": "business takes long time to build that's"}, {"start": "00:28:48", "end": "00:28:52", "text": "why it's not instant okay now there are"}, {"start": "00:28:49", "end": "00:28:53", "text": "better rules okay let's build business"}, {"start": "00:28:52", "end": "00:28:55", "text": "it's going to take 10 years you know"}, {"start": "00:28:53", "end": "00:28:57", "text": "it's gonna is good for the industry long"}, {"start": "00:28:55", "end": "00:28:58", "text": "term it's very good But it's not"}, {"start": "00:28:57", "end": "00:29:01", "text": "instant. It's not instant coffee. It's"}, {"start": "00:28:58", "end": "00:29:04", "text": "not instant noodle. It's not instant"}, {"start": "00:29:01", "end": "00:29:05", "text": "anything. Okay. Now, let me take a bit"}, {"start": "00:29:04", "end": "00:29:07", "text": "of coffee. How are we doing, guys? How"}, {"start": "00:29:05", "end": "00:29:09", "text": "How is Guzman? Big shout out to Guzman."}, {"start": "00:29:07", "end": "00:29:11", "text": "I think we forgot to say big shout out"}, {"start": "00:29:09", "end": "00:29:13", "text": "to Guzman for time stamping us today."}, {"start": "00:29:11", "end": "00:29:15", "text": "Exactly. Exactly. Big big shout out. Uh"}, {"start": "00:29:13", "end": "00:29:17", "text": "smash up the like if you haven't yet."}, {"start": "00:29:15", "end": "00:29:21", "text": "Subscribe to the channel if you haven't"}, {"start": "00:29:17", "end": "00:29:23", "text": "yet. Go to bullmay.com/partners"}, {"start": "00:29:21", "end": "00:29:24", "text": "and you have all these exchanges here."}, {"start": "00:29:23", "end": "00:29:26", "text": "And also here we put the newsletter. So"}, {"start": "00:29:24", "end": "00:29:28", "text": "you can sign up for free to our"}, {"start": "00:29:26", "end": "00:29:30", "text": "newsletter and I will be sending each"}, {"start": "00:29:28", "end": "00:29:32", "text": "and every week a uh newsletter to you"}, {"start": "00:29:30", "end": "00:29:34", "text": "with market alpha. It's super short. You"}, {"start": "00:29:32", "end": "00:29:36", "text": "digest it in literally like 30 seconds."}, {"start": "00:29:34", "end": "00:29:38", "text": "But it it gives you it gives you"}, {"start": "00:29:36", "end": "00:29:40", "text": "updates. You are in tune with the"}, {"start": "00:29:38", "end": "00:29:42", "text": "market. You're fully fully in tune with"}, {"start": "00:29:40", "end": "00:29:44", "text": "the market. So uh no spam. People love"}, {"start": "00:29:42", "end": "00:29:46", "text": "it when I send it. Uh I will send the"}, {"start": "00:29:44", "end": "00:29:48", "text": "next one actually today. The next one is"}, {"start": "00:29:46", "end": "00:29:50", "text": "coming today. So enter your email here."}, {"start": "00:29:48", "end": "00:29:52", "text": "boommy.com/partners. And then on the"}, {"start": "00:29:50", "end": "00:29:54", "text": "same page you have all of the exchanges."}, {"start": "00:29:52", "end": "00:29:56", "text": "Oh, one thing by the way, guys, in uh"}, {"start": "00:29:54", "end": "00:29:59", "text": "weeks, we have a new button here. Boop."}, {"start": "00:29:56", "end": "00:30:02", "text": "You click it. Extra deal with weeks"}, {"start": "00:29:59", "end": "00:30:04", "text": "where you can get 300 uh $3,000 position"}, {"start": "00:30:02", "end": "00:30:06", "text": "airdrop by following simple steps. It's"}, {"start": "00:30:04", "end": "00:30:08", "text": "not too much. You need to deposit more"}, {"start": "00:30:06", "end": "00:30:10", "text": "than $100,"}, {"start": "00:30:08", "end": "00:30:14", "text": "hold for three days, and trade the uh"}, {"start": "00:30:10", "end": "00:30:17", "text": "more than 100 1,000 USDT in futures. Uh"}, {"start": "00:30:14", "end": "00:30:19", "text": "like just volume. So, you can do it uh I"}, {"start": "00:30:17", "end": "00:30:21", "text": "mean you can do it easily. You can do it"}, {"start": "00:30:19", "end": "00:30:24", "text": "easily. And KYC is like buy bit but low"}, {"start": "00:30:21", "end": "00:30:26", "text": "KYC. Sorry, weeks is like by bit but low"}, {"start": "00:30:24", "end": "00:30:28", "text": "KYC. What am what am I saying? I mean"}, {"start": "00:30:26", "end": "00:30:30", "text": "sometimes you know my English is like"}, {"start": "00:30:28", "end": "00:30:32", "text": "charge GPT. It's like autocomp"}, {"start": "00:30:30", "end": "00:30:35", "text": "completing itself. Autocomp completing"}, {"start": "00:30:32", "end": "00:30:37", "text": "itself. And sometime most things it says"}, {"start": "00:30:35", "end": "00:30:39", "text": "correct. What did I say? Did I say sign"}, {"start": "00:30:37", "end": "00:30:42", "text": "up for KYC to have low K? What did I"}, {"start": "00:30:39", "end": "00:30:45", "text": "say? Sign up for weeks to get low K. I"}, {"start": "00:30:42", "end": "00:30:48", "text": "don't. Anyway, let me take some coffee."}, {"start": "00:30:45", "end": "00:30:51", "text": "English hallucination. Exactly. Exactly."}, {"start": "00:30:48", "end": "00:30:51", "text": "Exactly."}, {"start": "00:30:51", "end": "00:30:56", "text": "It's just sometimes you know this"}, {"start": "00:30:54", "end": "00:30:58", "text": "English words they they they come out in"}, {"start": "00:30:56", "end": "00:31:00", "text": "their own in their own way in their own"}, {"start": "00:30:58", "end": "00:31:03", "text": "natural way."}, {"start": "00:31:00", "end": "00:31:05", "text": "Okay. Moving on. Moving on. Now you see"}, {"start": "00:31:03", "end": "00:31:07", "text": "I'm telling you bull market is coming"}, {"start": "00:31:05", "end": "00:31:10", "text": "back. It's coming back in different"}, {"start": "00:31:07", "end": "00:31:13", "text": "ways. We're going to likely go down a"}, {"start": "00:31:10", "end": "00:31:15", "text": "bit to 50s and 40s. Overall you see that"}, {"start": "00:31:13", "end": "00:31:18", "text": "we enter from a depressed state to a"}, {"start": "00:31:15", "end": "00:31:21", "text": "more cheerful state to a more happy"}, {"start": "00:31:18", "end": "00:31:24", "text": "place to a more bullish place and you"}, {"start": "00:31:21", "end": "00:31:25", "text": "see for example funds being able to"}, {"start": "00:31:24", "end": "00:31:27", "text": "raise uh raise money again you have"}, {"start": "00:31:25", "end": "00:31:30", "text": "paradigm for example raising 1.2 2"}, {"start": "00:31:27", "end": "00:31:32", "text": "billion to invest in crypto, AI,"}, {"start": "00:31:30", "end": "00:31:36", "text": "robotics and other areas of frontier uh"}, {"start": "00:31:32", "end": "00:31:37", "text": "tech. Very very nice. Also uh by the way"}, {"start": "00:31:36", "end": "00:31:40", "text": "this this is maybe not that good but"}, {"start": "00:31:37", "end": "00:31:42", "text": "India central bank backs cryptoban. I"}, {"start": "00:31:40", "end": "00:31:43", "text": "don't know what they're doing in India"}, {"start": "00:31:42", "end": "00:31:46", "text": "guys. They say it's the biggest"}, {"start": "00:31:43", "end": "00:31:49", "text": "democracy. I don't know maybe"}, {"start": "00:31:46", "end": "00:31:52", "text": "or or the oldest or the biggest what it"}, {"start": "00:31:49", "end": "00:31:53", "text": "is but they want to ban crypto. Okay."}, {"start": "00:31:52", "end": "00:31:56", "text": "They want to ban crypto. they started"}, {"start": "00:31:53", "end": "00:31:59", "text": "kind of banning it with 40% tax or"}, {"start": "00:31:56", "end": "00:32:01", "text": "something. U this was years ago and"}, {"start": "00:31:59", "end": "00:32:02", "text": "they're doubling down. They're doubling"}, {"start": "00:32:01", "end": "00:32:06", "text": "down and doubling down and doubling"}, {"start": "00:32:02", "end": "00:32:08", "text": "down. Okay. Now also on Salana more"}, {"start": "00:32:06", "end": "00:32:09", "text": "tokenized stocks SK Hunix. How you"}, {"start": "00:32:08", "end": "00:32:12", "text": "pronounce it? I don't know. Do you say"}, {"start": "00:32:09", "end": "00:32:15", "text": "Hunix like Hundai Hunenix? They're from"}, {"start": "00:32:12", "end": "00:32:19", "text": "Korea. So X SK Hunix it's like a"}, {"start": "00:32:15", "end": "00:32:21", "text": "semiconductor company from Korea which"}, {"start": "00:32:19", "end": "00:32:22", "text": "by the way it has been in a bullish"}, {"start": "00:32:21", "end": "00:32:26", "text": "trend for quite some time. Let me see"}, {"start": "00:32:22", "end": "00:32:28", "text": "what it where it is now on our beloved"}, {"start": "00:32:26", "end": "00:32:29", "text": "great money scanner. Let me see if I can"}, {"start": "00:32:28", "end": "00:32:32", "text": "find it. Yeah, here. Here it's up"}, {"start": "00:32:29", "end": "00:32:35", "text": "already like 800%. Uh since a year ago,"}, {"start": "00:32:32", "end": "00:32:37", "text": "it's bullish. Uh but it is trading only"}, {"start": "00:32:35", "end": "00:32:38", "text": "on Korean exchange. And so now they're"}, {"start": "00:32:37", "end": "00:32:41", "text": "going to bring it to the US exchange as"}, {"start": "00:32:38", "end": "00:32:43", "text": "well. Maybe to get some exit liquidity"}, {"start": "00:32:41", "end": "00:32:45", "text": "from the US pleber or something because"}, {"start": "00:32:43", "end": "00:32:47", "text": "people are rising that you know it's"}, {"start": "00:32:45", "end": "00:32:49", "text": "some kind of new thing. They just list"}, {"start": "00:32:47", "end": "00:32:51", "text": "as a new thing. But that's the thing. If"}, {"start": "00:32:49", "end": "00:32:54", "text": "you are part of Bullmania, you've been"}, {"start": "00:32:51", "end": "00:33:00", "text": "monitoring this SK Unix for over a year"}, {"start": "00:32:54", "end": "00:33:02", "text": "already. Okay, in our AI uh category. So"}, {"start": "00:33:00", "end": "00:33:04", "text": "when it lists and you may see tweets"}, {"start": "00:33:02", "end": "00:33:07", "text": "about it listing, just understand that"}, {"start": "00:33:04", "end": "00:33:09", "text": "it's a it's not a new stock. It's it's"}, {"start": "00:33:07", "end": "00:33:12", "text": "it's been trading in Korea for a very"}, {"start": "00:33:09", "end": "00:33:14", "text": "long time and it's it's up 838% already"}, {"start": "00:33:12", "end": "00:33:16", "text": "since the bull flip on the Korean"}, {"start": "00:33:14", "end": "00:33:20", "text": "markets. But anyway, now it's getting to"}, {"start": "00:33:16", "end": "00:33:21", "text": "the US. And if you use a backpack on"}, {"start": "00:33:20", "end": "00:33:24", "text": "Salana, you can trade it. It's also"}, {"start": "00:33:21", "end": "00:33:27", "text": "redeemable. So each uh token is"}, {"start": "00:33:24", "end": "00:33:29", "text": "redeemable for a share, a real share. So"}, {"start": "00:33:27", "end": "00:33:32", "text": "trade between NASDAQ and Sana through"}, {"start": "00:33:29", "end": "00:33:35", "text": "backpack. That's nice. Look here."}, {"start": "00:33:32", "end": "00:33:38", "text": "Vermute what they're doing. There is a"}, {"start": "00:33:35", "end": "00:33:40", "text": "certain guy I I will not name name but"}, {"start": "00:33:38", "end": "00:33:43", "text": "you can write in comment section. He"}, {"start": "00:33:40", "end": "00:33:46", "text": "says the the market is still bull market"}, {"start": "00:33:43", "end": "00:33:49", "text": "and we are down because winter mute is"}, {"start": "00:33:46", "end": "00:33:49", "text": "like manipulating"}, {"start": "00:33:49", "end": "00:33:54", "text": "you know I will not name I will because"}, {"start": "00:33:51", "end": "00:33:57", "text": "I want no drama but there is a certain"}, {"start": "00:33:54", "end": "00:33:59", "text": "guy who's obsessed with wintermute and"}, {"start": "00:33:57", "end": "00:34:03", "text": "instead of uh like following the cycle"}, {"start": "00:33:59", "end": "00:34:04", "text": "and uh seeing when the be bren happens"}, {"start": "00:34:03", "end": "00:34:08", "text": "he says that we're still bullish like we"}, {"start": "00:34:04", "end": "00:34:10", "text": "are still in the bull market"}, {"start": "00:34:08", "end": "00:34:12", "text": "we never went bearish ish. We never went"}, {"start": "00:34:10", "end": "00:34:14", "text": "into bare market. It's just Wintermute"}, {"start": "00:34:12", "end": "00:34:16", "text": "is manipulating, man. The damn winter"}, {"start": "00:34:14", "end": "00:34:18", "text": "mute. They're manipulating so much,"}, {"start": "00:34:16", "end": "00:34:20", "text": "guys. It's crazy."}, {"start": "00:34:18", "end": "00:34:24", "text": "They're manipulating now a year. They"}, {"start": "00:34:20", "end": "00:34:26", "text": "manipulated down all altcoins minus 90%"}, {"start": "00:34:24", "end": "00:34:30", "text": "and Bitcoin minus 50%. Is likely going"}, {"start": "00:34:26", "end": "00:34:32", "text": "to go a bit lower. It's It's all due to"}, {"start": "00:34:30", "end": "00:34:34", "text": "one company, Wintermute. It's amazing,"}, {"start": "00:34:32", "end": "00:34:36", "text": "guys. It's amazing. And Binance."}, {"start": "00:34:34", "end": "00:34:39", "text": "Exactly. And Binance. Wintermute and"}, {"start": "00:34:36", "end": "00:34:40", "text": "Binance. There's a certain guy"}, {"start": "00:34:39", "end": "00:34:43", "text": "who says, \"We're still in the bull"}, {"start": "00:34:40", "end": "00:34:46", "text": "market. We never went bare. We are just"}, {"start": "00:34:43", "end": "00:34:48", "text": "being manipulated.\" And this"}, {"start": "00:34:46", "end": "00:34:50", "text": "manipulation, man, if this would be"}, {"start": "00:34:48", "end": "00:34:52", "text": "world, you know, Guinness World Record"}, {"start": "00:34:50", "end": "00:34:53", "text": "in manipulation, he should apply to"}, {"start": "00:34:52", "end": "00:34:56", "text": "Guinness World Record book to get them"}, {"start": "00:34:53", "end": "00:34:59", "text": "into there. It's crazy. But so, uh, what"}, {"start": "00:34:56", "end": "00:35:01", "text": "is this news? They say Wintermute"}, {"start": "00:34:59", "end": "00:35:03", "text": "executed his first compute forward"}, {"start": "00:35:01", "end": "00:35:05", "text": "referencing Invidia."}, {"start": "00:35:03", "end": "00:35:08", "text": "I don't know, they trade computer or"}, {"start": "00:35:05", "end": "00:35:12", "text": "something. They trade compute. They"}, {"start": "00:35:08", "end": "00:35:15", "text": "trade the GPU compute. Uh"}, {"start": "00:35:12", "end": "00:35:19", "text": "they what what do announce first? What"}, {"start": "00:35:15", "end": "00:35:24", "text": "is this? They trade uh what compute."}, {"start": "00:35:19", "end": "00:35:27", "text": "They trade compute. Uh GPU power. What"}, {"start": "00:35:24", "end": "00:35:27", "text": "they trade?"}, {"start": "00:35:30", "end": "00:35:34", "text": "Ah okay. Okay. Okay. So it's like"}, {"start": "00:35:32", "end": "00:35:37", "text": "trading"}, {"start": "00:35:34", "end": "00:35:39", "text": "GPU compute capacity like okay I get it"}, {"start": "00:35:37", "end": "00:35:42", "text": "I get it. Vermute execute the first such"}, {"start": "00:35:39", "end": "00:35:45", "text": "trade with Pluto using compute desk"}, {"start": "00:35:42", "end": "00:35:49", "text": "pricing data. Okay okay okay. What"}, {"start": "00:35:45", "end": "00:35:49", "text": "what is Pluto?"}, {"start": "00:35:52", "end": "00:35:58", "text": "Ah okay okay okay. So it's like a whole"}, {"start": "00:35:54", "end": "00:36:00", "text": "trading now for um for buying and"}, {"start": "00:35:58", "end": "00:36:03", "text": "selling. Okay okay okay. D GPU pricing."}, {"start": "00:36:00", "end": "00:36:04", "text": "Okay. Okay. Okay. Okay. In I mean it's"}, {"start": "00:36:03", "end": "00:36:08", "text": "like in Amazon if you use Amazon web"}, {"start": "00:36:04", "end": "00:36:10", "text": "service you can uh buy and sell"}, {"start": "00:36:08", "end": "00:36:13", "text": "instances. Uh maybe yeah kind of like"}, {"start": "00:36:10", "end": "00:36:16", "text": "that. Anyway, so that's that. Uh we we"}, {"start": "00:36:13", "end": "00:36:18", "text": "trade the compute. Um but you see this"}, {"start": "00:36:16", "end": "00:36:20", "text": "compute stuff is going to be very"}, {"start": "00:36:18", "end": "00:36:22", "text": "interesting actually. Wait wait wait. Is"}, {"start": "00:36:20", "end": "00:36:26", "text": "there a chart?"}, {"start": "00:36:22", "end": "00:36:28", "text": "Is there a chart uh to see uh the know"}, {"start": "00:36:26", "end": "00:36:31", "text": "the price"}, {"start": "00:36:28", "end": "00:36:34", "text": "of uh GPU capacity? I mean I'm very"}, {"start": "00:36:31", "end": "00:36:37", "text": "interested in this because there is of"}, {"start": "00:36:34", "end": "00:36:41", "text": "course the danger"}, {"start": "00:36:37", "end": "00:36:43", "text": "that GPU all of this like buildout of AI"}, {"start": "00:36:41", "end": "00:36:45", "text": "that is not going to be able to be used"}, {"start": "00:36:43", "end": "00:36:47", "text": "because uh the end consumer is not"}, {"start": "00:36:45", "end": "00:36:49", "text": "really paying for AI. It's a big problem"}, {"start": "00:36:47", "end": "00:36:52", "text": "with monetizing AI. Okay, this is a big"}, {"start": "00:36:49", "end": "00:36:54", "text": "big problem. Like people use AI because"}, {"start": "00:36:52", "end": "00:36:55", "text": "it's free. Companies use AI because it's"}, {"start": "00:36:54", "end": "00:36:57", "text": "almost free. But then you know when"}, {"start": "00:36:55", "end": "00:36:59", "text": "these labs they try to charge for AI, no"}, {"start": "00:36:57", "end": "00:37:00", "text": "one wants to pay. No one wants to pay."}, {"start": "00:36:59", "end": "00:37:03", "text": "And then they're open source and then"}, {"start": "00:37:00", "end": "00:37:05", "text": "there's China. So let's see. So I I will"}, {"start": "00:37:03", "end": "00:37:09", "text": "check it a bit later. Maybe we need to"}, {"start": "00:37:05", "end": "00:37:12", "text": "add it to like money scan or something."}, {"start": "00:37:09", "end": "00:37:15", "text": "Uh let's check it a bit later. Um or why"}, {"start": "00:37:12", "end": "00:37:17", "text": "not check it now. I mean why do what you"}, {"start": "00:37:15", "end": "00:37:20", "text": "can do today tomorrow? Let's do it"}, {"start": "00:37:17", "end": "00:37:24", "text": "today. Uh let's see where's the chart?"}, {"start": "00:37:20", "end": "00:37:25", "text": "H1 compute pricing."}, {"start": "00:37:24", "end": "00:37:27", "text": "Okay. Okay. Okay. Okay. Okay. Okay."}, {"start": "00:37:25", "end": "00:37:31", "text": "Interesting. Interesting."}, {"start": "00:37:27", "end": "00:37:33", "text": "So since March guys is mooning here. The"}, {"start": "00:37:31", "end": "00:37:36", "text": "compute price is mooning."}, {"start": "00:37:33", "end": "00:37:40", "text": "Interesting. Interesting. Interesting."}, {"start": "00:37:36", "end": "00:37:42", "text": "So for now at least they are using it."}, {"start": "00:37:40", "end": "00:37:44", "text": "the capital is flowing into all of these"}, {"start": "00:37:42", "end": "00:37:46", "text": "investments and they're also using and"}, {"start": "00:37:44", "end": "00:37:48", "text": "they're building out as more and more"}, {"start": "00:37:46", "end": "00:37:50", "text": "data centers will be built out let's see"}, {"start": "00:37:48", "end": "00:37:51", "text": "how this affects but yeah interesting"}, {"start": "00:37:50", "end": "00:37:53", "text": "thing interesting thing with this like"}, {"start": "00:37:51", "end": "00:37:54", "text": "compute trading and compute hours and"}, {"start": "00:37:53", "end": "00:37:56", "text": "the reason why it's interesting is"}, {"start": "00:37:54", "end": "00:37:59", "text": "because the whole economy is kind of uh"}, {"start": "00:37:56", "end": "00:38:01", "text": "based on this if the AI bet fails"}, {"start": "00:37:59", "end": "00:38:04", "text": "there's going to be big problem in the"}, {"start": "00:38:01", "end": "00:38:06", "text": "US economy big problem if the AI"}, {"start": "00:38:04", "end": "00:38:09", "text": "companies will not sustain themselves"}, {"start": "00:38:06", "end": "00:38:12", "text": "there's going to be massive big fat"}, {"start": "00:38:09", "end": "00:38:15", "text": "recession or bailout or bailout. Let's"}, {"start": "00:38:12", "end": "00:38:17", "text": "see. Treasury AI bubble risk. I think"}, {"start": "00:38:15", "end": "00:38:19", "text": "Treasury even did a"}, {"start": "00:38:17", "end": "00:38:23", "text": "Exactly. Exactly. Exactly. Let's go to"}, {"start": "00:38:19", "end": "00:38:26", "text": "uh here to to the news uh news. Treasury"}, {"start": "00:38:23", "end": "00:38:29", "text": "has Yeah. Yeah. See see"}, {"start": "00:38:26", "end": "00:38:30", "text": "this one is to follow in the coming uh"}, {"start": "00:38:29", "end": "00:38:32", "text": "in the coming years. What's going to"}, {"start": "00:38:30", "end": "00:38:35", "text": "happen here? Uh we need to be following."}, {"start": "00:38:32", "end": "00:38:36", "text": "Look here. Publicly the Trump administr"}, {"start": "00:38:35", "end": "00:38:40", "text": "administration is bullish on AI."}, {"start": "00:38:36", "end": "00:38:43", "text": "privately some of its analysis analysts"}, {"start": "00:38:40", "end": "00:38:46", "text": "not analysists but analysts are weighing"}, {"start": "00:38:43", "end": "00:38:48", "text": "AI against the com bus a draft report"}, {"start": "00:38:46", "end": "00:38:50", "text": "inside the Treasury Department is said"}, {"start": "00:38:48", "end": "00:38:53", "text": "to warn of the risks posed by the"}, {"start": "00:38:50", "end": "00:38:55", "text": "artificial intelligence market and guys"}, {"start": "00:38:53", "end": "00:38:58", "text": "it's crazy like this overinvestment that"}, {"start": "00:38:55", "end": "00:39:02", "text": "that may be taking place it it's insane"}, {"start": "00:38:58", "end": "00:39:03", "text": "I mean Nvidia came out last week saying"}, {"start": "00:39:02", "end": "00:39:06", "text": "that they need a hundred billion dollars"}, {"start": "00:39:03", "end": "00:39:08", "text": "to build out you know data center or"}, {"start": "00:39:06", "end": "00:39:10", "text": "that that uh the either they themselves"}, {"start": "00:39:08", "end": "00:39:14", "text": "is 100 billion in let me just pull up"}, {"start": "00:39:10", "end": "00:39:16", "text": "the article what they said here uh news"}, {"start": "00:39:14", "end": "00:39:18", "text": "news news"}, {"start": "00:39:16", "end": "00:39:23", "text": "here here here okay he estimated that to"}, {"start": "00:39:18", "end": "00:39:25", "text": "run their newest chip uh you need 100"}, {"start": "00:39:23", "end": "00:39:27", "text": "billion okay Jensen Hang just put a"}, {"start": "00:39:25", "end": "00:39:30", "text": "number on the future of infrastructure"}, {"start": "00:39:27", "end": "00:39:33", "text": "and it's the kind of figure that makes C"}, {"start": "00:39:30", "end": "00:39:35", "text": "CFOs pause he said that a single one"}, {"start": "00:39:33", "end": "00:39:37", "text": "gawatt air factory could cost up to 100"}, {"start": "00:39:35", "end": "00:39:39", "text": "billion And this is this is on top of"}, {"start": "00:39:37", "end": "00:39:41", "text": "all of the hundreds of billions soon"}, {"start": "00:39:39", "end": "00:39:45", "text": "trillions invested in this AI. Okay,"}, {"start": "00:39:41", "end": "00:39:48", "text": "this on top of that and um you know I"}, {"start": "00:39:45", "end": "00:39:51", "text": "I'm not an AI expert in terms of the the"}, {"start": "00:39:48", "end": "00:39:55", "text": "underlying but I am a computer"}, {"start": "00:39:51", "end": "00:39:58", "text": "scientist. I did study AI. I did do two"}, {"start": "00:39:55", "end": "00:40:00", "text": "full courses on AI and LLMs"}, {"start": "00:39:58", "end": "00:40:02", "text": "and"}, {"start": "00:40:00", "end": "00:40:04", "text": "it's amazing like they have amazing"}, {"start": "00:40:02", "end": "00:40:07", "text": "functionality but it's not a super brain"}, {"start": "00:40:04", "end": "00:40:09", "text": "like it's not it's comp it's guessing"}, {"start": "00:40:07", "end": "00:40:11", "text": "the next token it's guessing the next"}, {"start": "00:40:09", "end": "00:40:13", "text": "token it's guessing the next word I mean"}, {"start": "00:40:11", "end": "00:40:16", "text": "if you boil down to the simplest thing"}, {"start": "00:40:13", "end": "00:40:18", "text": "is that and then all of these hopes that"}, {"start": "00:40:16", "end": "00:40:20", "text": "is going to do all these great things"}, {"start": "00:40:18", "end": "00:40:23", "text": "that are currently not possible that's"}, {"start": "00:40:20", "end": "00:40:25", "text": "the biggest danger I think if you take"}, {"start": "00:40:23", "end": "00:40:27", "text": "AI the way it looks right now and you"}, {"start": "00:40:25", "end": "00:40:30", "text": "base all the valuations based on how it"}, {"start": "00:40:27", "end": "00:40:32", "text": "is now with incremental improvements not"}, {"start": "00:40:30", "end": "00:40:34", "text": "like crazy improvements then makes"}, {"start": "00:40:32", "end": "00:40:36", "text": "perfect sense but I think everyone is"}, {"start": "00:40:34", "end": "00:40:37", "text": "betting here that something you know"}, {"start": "00:40:36", "end": "00:40:39", "text": "grand is going to happen that we're"}, {"start": "00:40:37", "end": "00:40:42", "text": "going to go from how AI works now to"}, {"start": "00:40:39", "end": "00:40:44", "text": "like a million times better very very"}, {"start": "00:40:42", "end": "00:40:47", "text": "fast and that's a big question I don't"}, {"start": "00:40:44", "end": "00:40:49", "text": "know will it be if you guys are AI"}, {"start": "00:40:47", "end": "00:40:52", "text": "researchers like actual AI developers of"}, {"start": "00:40:49", "end": "00:40:56", "text": "these LLMs will they really take us to"}, {"start": "00:40:52", "end": "00:40:58", "text": "the next step Or is LLM a dead end? Uh"}, {"start": "00:40:56", "end": "00:41:00", "text": "because there is no I mean there's no"}, {"start": "00:40:58", "end": "00:41:02", "text": "intelligence. Now you can it can mimic"}, {"start": "00:41:00", "end": "00:41:04", "text": "intelligence and then the question is"}, {"start": "00:41:02", "end": "00:41:05", "text": "maybe philosophical like if it can mimic"}, {"start": "00:41:04", "end": "00:41:06", "text": "intelligence what's the difference?"}, {"start": "00:41:05", "end": "00:41:09", "text": "What's the difference? Well the"}, {"start": "00:41:06", "end": "00:41:10", "text": "difference is you realize that this is"}, {"start": "00:41:09", "end": "00:41:11", "text": "[�__�] It's so smart and then"}, {"start": "00:41:10", "end": "00:41:13", "text": "suddenly it becomes [�__�] You're"}, {"start": "00:41:11", "end": "00:41:14", "text": "like man what happened? You were so"}, {"start": "00:41:13", "end": "00:41:16", "text": "smart like 10 prompts ago. Why are you"}, {"start": "00:41:14", "end": "00:41:19", "text": "so dumb now? Ah because you were never"}, {"start": "00:41:16", "end": "00:41:20", "text": "smart. it was a facade and now some"}, {"start": "00:41:19", "end": "00:41:23", "text": "context you don't have enough context or"}, {"start": "00:41:20", "end": "00:41:26", "text": "you messed up something and you are a"}, {"start": "00:41:23", "end": "00:41:30", "text": "three-year-old child again. uh and uh in"}, {"start": "00:41:26", "end": "00:41:31", "text": "many applications is unusable you know"}, {"start": "00:41:30", "end": "00:41:34", "text": "it's it's usable in many applications"}, {"start": "00:41:31", "end": "00:41:36", "text": "also unusable in many applic it's it's a"}, {"start": "00:41:34", "end": "00:41:38", "text": "very complex topic I don't know the"}, {"start": "00:41:36", "end": "00:41:40", "text": "answer I don't try to know the answer"}, {"start": "00:41:38", "end": "00:41:44", "text": "that's why we're very humble and we just"}, {"start": "00:41:40", "end": "00:41:48", "text": "look at the damn trend if S&P goes into"}, {"start": "00:41:44", "end": "00:41:49", "text": "bare we are risk off in if NASDAQ goes"}, {"start": "00:41:48", "end": "00:41:51", "text": "into bare we are risk off for now"}, {"start": "00:41:49", "end": "00:41:52", "text": "they're up and up and up they're"}, {"start": "00:41:51", "end": "00:41:54", "text": "fantastic for now they're bull so we're"}, {"start": "00:41:52", "end": "00:41:55", "text": "bull but it's interesting to discuss"}, {"start": "00:41:54", "end": "00:41:58", "text": "That's what's going to happen here to"}, {"start": "00:41:55", "end": "00:42:01", "text": "the AIS. So yeah, let me know guys what"}, {"start": "00:41:58", "end": "00:42:04", "text": "you think. Uh if you have accolades and"}, {"start": "00:42:01", "end": "00:42:06", "text": "you're actually a AI researcher, let us"}, {"start": "00:42:04", "end": "00:42:09", "text": "know in the comment section if you think"}, {"start": "00:42:06", "end": "00:42:11", "text": "that LLMs are a dead end or if LLMs will"}, {"start": "00:42:09", "end": "00:42:12", "text": "take us to the next level that all of"}, {"start": "00:42:11", "end": "00:42:17", "text": "this you know trillions of dollars"}, {"start": "00:42:12", "end": "00:42:20", "text": "invested are betting on because also man"}, {"start": "00:42:17", "end": "00:42:25", "text": "if I'm an AI founder let's say I'm Sam"}, {"start": "00:42:20", "end": "00:42:29", "text": "Oldman I'm Dario from Anthropic even if"}, {"start": "00:42:25", "end": "00:42:31", "text": "I kind of understand that LLMs"}, {"start": "00:42:29", "end": "00:42:33", "text": "likely are a dead end. I mean like you"}, {"start": "00:42:31", "end": "00:42:35", "text": "know and it's clear now just look at the"}, {"start": "00:42:33", "end": "00:42:37", "text": "last few models the improvements are"}, {"start": "00:42:35", "end": "00:42:39", "text": "small I mean and then China comes like"}, {"start": "00:42:37", "end": "00:42:41", "text": "open source it's not like mega"}, {"start": "00:42:39", "end": "00:42:45", "text": "improvement okay the the fable one that"}, {"start": "00:42:41", "end": "00:42:47", "text": "got import export restricted I mean is"}, {"start": "00:42:45", "end": "00:42:49", "text": "it it's it's incremental it's not"}, {"start": "00:42:47", "end": "00:42:51", "text": "exponential it's incremental yes it's a"}, {"start": "00:42:49", "end": "00:42:52", "text": "bit better it's like okay good"}, {"start": "00:42:51", "end": "00:42:55", "text": "comparison likely is like with iPhone"}, {"start": "00:42:52", "end": "00:42:59", "text": "you remember first iPhone then iPhone"}, {"start": "00:42:55", "end": "00:43:02", "text": "3GS you're like man iPhone 3GS crazy"}, {"start": "00:42:59", "end": "00:43:04", "text": "then iPhone 4 with like super nice"}, {"start": "00:43:02", "end": "00:43:08", "text": "retina screen like man this improvement"}, {"start": "00:43:04", "end": "00:43:10", "text": "from 3G from iPhone 1 iPhone 3G 3GS then"}, {"start": "00:43:08", "end": "00:43:13", "text": "freaking iPhone 4 with a screen that's"}, {"start": "00:43:10", "end": "00:43:16", "text": "insane then bam iPhone 5 with bigger"}, {"start": "00:43:13", "end": "00:43:18", "text": "screen so improvements look big but then"}, {"start": "00:43:16", "end": "00:43:21", "text": "you know around like iPhone 6 nothing"}, {"start": "00:43:18", "end": "00:43:24", "text": "has changed you see like the phone now"}, {"start": "00:43:21", "end": "00:43:27", "text": "is like phone 10 years like it's the"}, {"start": "00:43:24", "end": "00:43:29", "text": "same it's the AI model they have a risk"}, {"start": "00:43:27", "end": "00:43:30", "text": "of being the"}, {"start": "00:43:29", "end": "00:43:35", "text": "they have a big risk of being the same"}, {"start": "00:43:30", "end": "00:43:37", "text": "that okay Oppus 4.8 eight or fable man"}, {"start": "00:43:35", "end": "00:43:39", "text": "for my use case I see zero difference"}, {"start": "00:43:37", "end": "00:43:41", "text": "maybe for some use case there is big"}, {"start": "00:43:39", "end": "00:43:44", "text": "difference uh maybe but you know for my"}, {"start": "00:43:41", "end": "00:43:46", "text": "use case for business I don't use it for"}, {"start": "00:43:44", "end": "00:43:49", "text": "deving because I don't dev too much but"}, {"start": "00:43:46", "end": "00:43:52", "text": "uh you know for business stuff for uh uh"}, {"start": "00:43:49", "end": "00:43:54", "text": "strategy stuff that I use it for I see"}, {"start": "00:43:52", "end": "00:43:57", "text": "very little maybe for deving is big"}, {"start": "00:43:54", "end": "00:43:58", "text": "difference but at the same time"}, {"start": "00:43:57", "end": "00:44:01", "text": "look at the result what is the what is"}, {"start": "00:43:58", "end": "00:44:05", "text": "the output has the economy grown do we"}, {"start": "00:44:01", "end": "00:44:08", "text": "actually see crazy gain in productivity."}, {"start": "00:44:05", "end": "00:44:11", "text": "Big questions. I have no answers. But we"}, {"start": "00:44:08", "end": "00:44:14", "text": "do have the money line and we do have"}, {"start": "00:44:11", "end": "00:44:18", "text": "bull mania and we do have the trends and"}, {"start": "00:44:14", "end": "00:44:20", "text": "we know in real time when things go bull"}, {"start": "00:44:18", "end": "00:44:22", "text": "or bare and we know how to use it. We"}, {"start": "00:44:20", "end": "00:44:24", "text": "know how to scale in. We know how to"}, {"start": "00:44:22", "end": "00:44:26", "text": "scale out. Uh all of that is discussed"}, {"start": "00:44:24", "end": "00:44:28", "text": "here on boom.com. If you go you watch"}, {"start": "00:44:26", "end": "00:44:31", "text": "the pre video, you sign up for the"}, {"start": "00:44:28", "end": "00:44:33", "text": "weight list. So I'm so happy that we"}, {"start": "00:44:31", "end": "00:44:36", "text": "have a system here. We don't have to"}, {"start": "00:44:33", "end": "00:44:38", "text": "base our trading on all of these like"}, {"start": "00:44:36", "end": "00:44:39", "text": "discussions. It's fun discussions. I"}, {"start": "00:44:38", "end": "00:44:41", "text": "mean, I love the discussions. They're"}, {"start": "00:44:39", "end": "00:44:43", "text": "very fun. I mean, I'm very curious how"}, {"start": "00:44:41", "end": "00:44:44", "text": "the hell they're going to they're going"}, {"start": "00:44:43", "end": "00:44:47", "text": "to figure it out. I'm very very curious."}, {"start": "00:44:44", "end": "00:44:50", "text": "Now, to more bullish stuff, you have"}, {"start": "00:44:47", "end": "00:44:51", "text": "MERT coming out saying that they are"}, {"start": "00:44:50", "end": "00:44:53", "text": "going to be investing in a bunch of"}, {"start": "00:44:51", "end": "00:44:55", "text": "Salana startups. Uh very very good. Uh"}, {"start": "00:44:53", "end": "00:44:57", "text": "again, bullishness. There is capital"}, {"start": "00:44:55", "end": "00:45:00", "text": "here to be deployed. That's uh very very"}, {"start": "00:44:57", "end": "00:45:02", "text": "very good. Uh next, you have Zapper"}, {"start": "00:45:00", "end": "00:45:04", "text": "shutting down. Uh, you know, people say"}, {"start": "00:45:02", "end": "00:45:08", "text": "they're sad. I mean, yes, it's sad. Uh,"}, {"start": "00:45:04", "end": "00:45:11", "text": "DeFi summer, it was uh uh it was uh a"}, {"start": "00:45:08", "end": "00:45:13", "text": "lot of zapper, but at the same time,"}, {"start": "00:45:11", "end": "00:45:14", "text": "don't be sad when things shut down. It"}, {"start": "00:45:13", "end": "00:45:16", "text": "means that the business model did not"}, {"start": "00:45:14", "end": "00:45:17", "text": "work. They could not monetize. It's"}, {"start": "00:45:16", "end": "00:45:19", "text": "fine. I mean, it happens to all of us."}, {"start": "00:45:17", "end": "00:45:20", "text": "You do something, the market is not does"}, {"start": "00:45:19", "end": "00:45:22", "text": "not need it. So, don't get sad."}, {"start": "00:45:20", "end": "00:45:23", "text": "Something else will be built. These"}, {"start": "00:45:22", "end": "00:45:25", "text": "guys, they're going to do something more"}, {"start": "00:45:23", "end": "00:45:28", "text": "productive. Maybe they build something"}, {"start": "00:45:25", "end": "00:45:29", "text": "else that is even bigger for them. So, I"}, {"start": "00:45:28", "end": "00:45:32", "text": "I I'm not sad when things shut down. Is"}, {"start": "00:45:29", "end": "00:45:34", "text": "good. Is good. It's um know the bad is"}, {"start": "00:45:32", "end": "00:45:37", "text": "if you have zombie companies surviving"}, {"start": "00:45:34", "end": "00:45:39", "text": "very long without any big uh opportunity"}, {"start": "00:45:37", "end": "00:45:42", "text": "just dragging their feet you know end it"}, {"start": "00:45:39", "end": "00:45:45", "text": "end it if it's no revenue no customer go"}, {"start": "00:45:42", "end": "00:45:48", "text": "to go do something different"}, {"start": "00:45:45", "end": "00:45:50", "text": "I have zero you know compassion or"}, {"start": "00:45:48", "end": "00:45:51", "text": "anything it's it's capital it's how it"}, {"start": "00:45:50", "end": "00:45:55", "text": "should be it's how it should be if the"}, {"start": "00:45:51", "end": "00:45:58", "text": "company cannot get revenue it should die"}, {"start": "00:45:55", "end": "00:45:59", "text": "employees should be fired perfect they"}, {"start": "00:45:58", "end": "00:46:02", "text": "can find jobs where somewhere you know"}, {"start": "00:45:59", "end": "00:46:05", "text": "competitive incomp competitive is you"}, {"start": "00:46:02", "end": "00:46:07", "text": "know it's a very classic when you go to"}, {"start": "00:46:05", "end": "00:46:09", "text": "Eastern Europe many people they don't"}, {"start": "00:46:07", "end": "00:46:11", "text": "like that you know their factories shut"}, {"start": "00:46:09", "end": "00:46:14", "text": "down or or something after the Soviet"}, {"start": "00:46:11", "end": "00:46:16", "text": "Union many factories shut down but you"}, {"start": "00:46:14", "end": "00:46:18", "text": "see they're not competitive they don't"}, {"start": "00:46:16", "end": "00:46:20", "text": "no one wants to look at look at China"}, {"start": "00:46:18", "end": "00:46:23", "text": "look at factories there competition low"}, {"start": "00:46:20", "end": "00:46:25", "text": "cost bum bum bum nice product everywhere"}, {"start": "00:46:23", "end": "00:46:27", "text": "you go to Eastern Europe there's you"}, {"start": "00:46:25", "end": "00:46:29", "text": "speak to some to some grandma she's"}, {"start": "00:46:27", "end": "00:46:32", "text": "reminiscing about the days when"}, {"start": "00:46:29", "end": "00:46:34", "text": "subsidized factory, which was not market"}, {"start": "00:46:32", "end": "00:46:37", "text": "competitive, delivered some kind of"}, {"start": "00:46:34", "end": "00:46:39", "text": "hammers. They were doing 5,000 hammers"}, {"start": "00:46:37", "end": "00:46:41", "text": "per day. You're like, man, and and she's"}, {"start": "00:46:39", "end": "00:46:43", "text": "like, \"Oh, no. The current capitalistic"}, {"start": "00:46:41", "end": "00:46:45", "text": "system has shut it down. The evil cap,"}, {"start": "00:46:43", "end": "00:46:48", "text": "man. What do we speak about, man? Shut"}, {"start": "00:46:45", "end": "00:46:49", "text": "it down. My shut it down. Maybe build a"}, {"start": "00:46:48", "end": "00:46:52", "text": "new one that is more competitive"}, {"start": "00:46:49", "end": "00:46:54", "text": "somewhere else. Oh no, my village is"}, {"start": "00:46:52", "end": "00:46:55", "text": "dying out because uh old business"}, {"start": "00:46:54", "end": "00:46:57", "text": "shutting.\" Yeah, it's not competitive,"}, {"start": "00:46:55", "end": "00:46:59", "text": "man. Move, move to city. Move, move,"}, {"start": "00:46:57", "end": "00:47:01", "text": "move. Make things, make things. Look at"}, {"start": "00:46:59", "end": "00:47:02", "text": "China, man. China, they have production."}, {"start": "00:47:01", "end": "00:47:05", "text": "They have all kinds of stuff. They have"}, {"start": "00:47:02", "end": "00:47:06", "text": "all kinds of stuff. And uh EU has to"}, {"start": "00:47:05", "end": "00:47:09", "text": "protect themselves for example with big"}, {"start": "00:47:06", "end": "00:47:11", "text": "tariff against China because it's too"}, {"start": "00:47:09", "end": "00:47:13", "text": "cheap, too good, too too productive. The"}, {"start": "00:47:11", "end": "00:47:15", "text": "same thing is here guys in in crypto."}, {"start": "00:47:13", "end": "00:47:17", "text": "Sometimes people so sad. Oh no, they"}, {"start": "00:47:15", "end": "00:47:20", "text": "shut down. Good, good. Something else"}, {"start": "00:47:17", "end": "00:47:22", "text": "will be built. That's it. Brutal. But"}, {"start": "00:47:20", "end": "00:47:23", "text": "that's the way to see the reality. And"}, {"start": "00:47:22", "end": "00:47:27", "text": "sometimes you build something and it"}, {"start": "00:47:23", "end": "00:47:28", "text": "fails. Good. Good. Do something else. Uh"}, {"start": "00:47:27", "end": "00:47:31", "text": "guys, listen. That's it. Let's go to"}, {"start": "00:47:28", "end": "00:47:34", "text": "Q&A, questions, answers, debates,"}, {"start": "00:47:31", "end": "00:47:37", "text": "discussions. Let's go. Let's go as soon"}, {"start": "00:47:34", "end": "00:47:38", "text": "as possible. The environmental mafia"}, {"start": "00:47:37", "end": "00:47:40", "text": "killed the factories. Uh listen, we're"}, {"start": "00:47:38", "end": "00:47:43", "text": "not going to go political. If you are"}, {"start": "00:47:40", "end": "00:47:45", "text": "Green Party, whatever. Good, good, good."}, {"start": "00:47:43", "end": "00:47:48", "text": "Just buy crypto. Uh go to Bull Mania,"}, {"start": "00:47:45", "end": "00:47:49", "text": "whatever you are. Sign up here for the"}, {"start": "00:47:48", "end": "00:47:53", "text": "weight list. Uh we're not political. If"}, {"start": "00:47:49", "end": "00:47:54", "text": "you are environmentalist,"}, {"start": "00:47:53", "end": "00:47:58", "text": "good, good, good, good for you. Good for"}, {"start": "00:47:54", "end": "00:47:58", "text": "you. Uh fantastic."}, {"start": "00:47:59", "end": "00:48:04", "text": "In Belgium, all factories and bag which"}, {"start": "00:48:02", "end": "00:48:07", "text": "bag companies are subsidized? It seems"}, {"start": "00:48:04", "end": "00:48:10", "text": "we live in some It's bad when they"}, {"start": "00:48:07", "end": "00:48:12", "text": "subsidize bad. Subsidize is bad. Uh very"}, {"start": "00:48:10", "end": "00:48:13", "text": "bad. Subsidize is very bad guys. It's"}, {"start": "00:48:12", "end": "00:48:15", "text": "very it's it's going to it's going to"}, {"start": "00:48:13", "end": "00:48:16", "text": "die off sooner or later. It's like and"}, {"start": "00:48:15", "end": "00:48:19", "text": "also you don't know if something should"}, {"start": "00:48:16", "end": "00:48:21", "text": "survive or not. It's you know in Sweden"}, {"start": "00:48:19", "end": "00:48:23", "text": "there was a big subsidized they didn't"}, {"start": "00:48:21", "end": "00:48:25", "text": "even do anything. They wanted to do"}, {"start": "00:48:23", "end": "00:48:28", "text": "batteries research northworld. They they"}, {"start": "00:48:25", "end": "00:48:30", "text": "wanted to do some green battery"}, {"start": "00:48:28", "end": "00:48:33", "text": "something uh they got so much free money"}, {"start": "00:48:30", "end": "00:48:36", "text": "from everyone from the states from EU"}, {"start": "00:48:33", "end": "00:48:39", "text": "all subsidized no business no sale some"}, {"start": "00:48:36", "end": "00:48:41", "text": "fake sale all collapsed very quickly but"}, {"start": "00:48:39", "end": "00:48:44", "text": "you know the state lost a lot of money"}, {"start": "00:48:41", "end": "00:48:48", "text": "yeah it's very bad"}, {"start": "00:48:44", "end": "00:48:51", "text": "very bad very bad I how much of crypto"}, {"start": "00:48:48", "end": "00:48:53", "text": "value of big token uh is speculative"}, {"start": "00:48:51", "end": "00:48:56", "text": "investment and how much of it derived by"}, {"start": "00:48:53", "end": "00:48:58", "text": "real usage And you're in crypto. You're"}, {"start": "00:48:56", "end": "00:48:59", "text": "in crypto. You really, you think there"}, {"start": "00:48:58", "end": "00:49:02", "text": "is some real usage. There is zero. Zero"}, {"start": "00:48:59", "end": "00:49:05", "text": "zero. Very close to zero. Negligible."}, {"start": "00:49:02", "end": "00:49:06", "text": "Negligible. You know, if you are in"}, {"start": "00:49:05", "end": "00:49:08", "text": "science, you know, negligible"}, {"start": "00:49:06", "end": "00:49:11", "text": "statistics, negligible, negligible use"}, {"start": "00:49:08", "end": "00:49:13", "text": "case."}, {"start": "00:49:11", "end": "00:49:15", "text": "I mean, ask yourself, I don't I I in my"}, {"start": "00:49:13", "end": "00:49:16", "text": "life, guys, there are very few coins"}, {"start": "00:49:15", "end": "00:49:18", "text": "I've bought because I have to use"}, {"start": "00:49:16", "end": "00:49:21", "text": "something."}, {"start": "00:49:18", "end": "00:49:23", "text": "Sulana to pay the gas. Yes, that's"}, {"start": "00:49:21", "end": "00:49:26", "text": "basically it. and eat in the past to pay"}, {"start": "00:49:23", "end": "00:49:28", "text": "the gas when I used it more. What else"}, {"start": "00:49:26", "end": "00:49:30", "text": "you buy? You bought you b you yourself"}, {"start": "00:49:28", "end": "00:49:32", "text": "bought something. I mean ask yourself"}, {"start": "00:49:30", "end": "00:49:35", "text": "what what else you buy? There's nothing"}, {"start": "00:49:32", "end": "00:49:38", "text": "zero. Oh, it's for guys."}, {"start": "00:49:35", "end": "00:49:40", "text": "Everything is speculative."}, {"start": "00:49:38", "end": "00:49:43", "text": "Then the only exception is of course BTC"}, {"start": "00:49:40", "end": "00:49:45", "text": "because that you have for store of"}, {"start": "00:49:43", "end": "00:49:46", "text": "wealth and that's a use case in itself."}, {"start": "00:49:45", "end": "00:49:47", "text": "You know it's international. It's"}, {"start": "00:49:46", "end": "00:49:49", "text": "accepted everywhere. Everyone knows"}, {"start": "00:49:47", "end": "00:49:50", "text": "Bitcoin. You go to Africa with one"}, {"start": "00:49:49", "end": "00:49:52", "text": "bitcoin, they're going to take it, give"}, {"start": "00:49:50", "end": "00:49:53", "text": "you water."}, {"start": "00:49:52", "end": "00:49:54", "text": "Maybe they're going to give you water,"}, {"start": "00:49:53", "end": "00:49:56", "text": "but they're going to take Bitcoin"}, {"start": "00:49:54", "end": "00:49:58", "text": "anyway. Whether you're going to get"}, {"start": "00:49:56", "end": "00:49:59", "text": "something that's secondary, but they're"}, {"start": "00:49:58", "end": "00:50:01", "text": "going to take it. Everyone knows value"}, {"start": "00:49:59", "end": "00:50:03", "text": "across the world. Oh, yeah. Then privacy"}, {"start": "00:50:01", "end": "00:50:04", "text": "coins are also a bit different. Is that"}, {"start": "00:50:03", "end": "00:50:06", "text": "you store your value, it is"}, {"start": "00:50:04", "end": "00:50:10", "text": "internationally accepted and is private."}, {"start": "00:50:06", "end": "00:50:13", "text": "Yeah, that's those are the use cases. Uh"}, {"start": "00:50:10", "end": "00:50:16", "text": "everything else, oh, okay, then"}, {"start": "00:50:13", "end": "00:50:19", "text": "potentially Hyperlid and other revshare"}, {"start": "00:50:16", "end": "00:50:20", "text": "because they you don't need Hyperlid to"}, {"start": "00:50:19", "end": "00:50:23", "text": "use Hyperlid. you don't need the coin,"}, {"start": "00:50:20", "end": "00:50:25", "text": "but they use part of the fee to pump the"}, {"start": "00:50:23", "end": "00:50:28", "text": "coin. That's why the chart looks so"}, {"start": "00:50:25", "end": "00:50:29", "text": "good. Okay, so that's that's that it's a"}, {"start": "00:50:28", "end": "00:50:32", "text": "handful, guys. It's a handful. It's a"}, {"start": "00:50:29", "end": "00:50:34", "text": "handful. Everything else, so that's why"}, {"start": "00:50:32", "end": "00:50:37", "text": "I'm telling it's negligible. You can say"}, {"start": "00:50:34", "end": "00:50:40", "text": "it's zero because it's negligible, which"}, {"start": "00:50:37", "end": "00:50:40", "text": "is okay."}, {"start": "00:50:40", "end": "00:50:47", "text": "It's all based on future speculation."}, {"start": "00:50:43", "end": "00:50:49", "text": "And uh yeah,"}, {"start": "00:50:47", "end": "00:50:51", "text": "that's it."}, {"start": "00:50:49", "end": "00:50:52", "text": "Stock market is is very similar also"}, {"start": "00:50:51", "end": "00:50:55", "text": "guys. I mean stock market most companies"}, {"start": "00:50:52", "end": "00:50:56", "text": "they they also based on future"}, {"start": "00:50:55", "end": "00:50:58", "text": "speculation this and that. It's okay. I"}, {"start": "00:50:56", "end": "00:50:59", "text": "mean it's markets guys. Markets are"}, {"start": "00:50:58", "end": "00:51:01", "text": "always forwardlooking. The only"}, {"start": "00:50:59", "end": "00:51:03", "text": "difference is maybe in crypto we have"}, {"start": "00:51:01", "end": "00:51:06", "text": "like so little actual"}, {"start": "00:51:03", "end": "00:51:08", "text": "usage like people don't use uh coins."}, {"start": "00:51:06", "end": "00:51:10", "text": "They don't use coins but they love"}, {"start": "00:51:08", "end": "00:51:11", "text": "trading them. Okay. They love trading"}, {"start": "00:51:10", "end": "00:51:14", "text": "them. We create a narrative. So the use"}, {"start": "00:51:11", "end": "00:51:16", "text": "case is to be a ticker that you trade."}, {"start": "00:51:14", "end": "00:51:18", "text": "Okay. And uh that's that's a big use"}, {"start": "00:51:16", "end": "00:51:21", "text": "case that you are a ticker that people"}, {"start": "00:51:18", "end": "00:51:22", "text": "can trade. And you know some people said"}, {"start": "00:51:21", "end": "00:51:25", "text": "we we have enough of this fundamental"}, {"start": "00:51:22", "end": "00:51:29", "text": "for guys because there is no fundamental"}, {"start": "00:51:25", "end": "00:51:31", "text": "and uh um we do just memecoin. That's"}, {"start": "00:51:29", "end": "00:51:33", "text": "why memecoins became big. They said"}, {"start": "00:51:31", "end": "00:51:34", "text": "listen it's all for guys was"}, {"start": "00:51:33", "end": "00:51:37", "text": "fundamental. Get out of here. Would you"}, {"start": "00:51:34", "end": "00:51:39", "text": "let's just trade stuff because of meme"}, {"start": "00:51:37", "end": "00:51:41", "text": "because all fundamental coins are also"}, {"start": "00:51:39", "end": "00:51:43", "text": "memecoins but they're laring as"}, {"start": "00:51:41", "end": "00:51:46", "text": "fundamental. So they said the memecoin"}, {"start": "00:51:43", "end": "00:51:48", "text": "industry said uh yeah let's remove this"}, {"start": "00:51:46", "end": "00:51:49", "text": "mask. Let's just see it for what it is."}, {"start": "00:51:48", "end": "00:51:51", "text": "It's just memecoin man. Everything is"}, {"start": "00:51:49", "end": "00:51:53", "text": "memecoin. Orbitum is a memecoin."}, {"start": "00:51:51", "end": "00:51:55", "text": "Optimism is a meme memecoin. Cardano is"}, {"start": "00:51:53", "end": "00:51:58", "text": "a memecoin. It's just different kind of"}, {"start": "00:51:55", "end": "00:52:01", "text": "memecoin. Okay. Instead of following a"}, {"start": "00:51:58", "end": "00:52:03", "text": "bearded guy speaking about tech on"}, {"start": "00:52:01", "end": "00:52:06", "text": "YouTube which is Cardano. You you just"}, {"start": "00:52:03", "end": "00:52:08", "text": "you buy some dog or something. Yo Azad"}, {"start": "00:52:06", "end": "00:52:10", "text": "Azad Azad comment saying I want to like"}, {"start": "00:52:08", "end": "00:52:12", "text": "the fact that you're unfiltered. No BS."}, {"start": "00:52:10", "end": "00:52:14", "text": "Pure capitalistic point of view, direct"}, {"start": "00:52:12", "end": "00:52:15", "text": "to the point. Yeah, exactly. Exactly."}, {"start": "00:52:14", "end": "00:52:17", "text": "That's that's very needed. I mean, in"}, {"start": "00:52:15", "end": "00:52:18", "text": "our industry, it's very needed. So, hope"}, {"start": "00:52:17", "end": "00:52:22", "text": "you like that. That's very very very"}, {"start": "00:52:18", "end": "00:52:22", "text": "good. Thanks, Azad."}, {"start": "00:52:24", "end": "00:52:31", "text": "How much daily transaction does ETH need"}, {"start": "00:52:26", "end": "00:52:34", "text": "to justify 150 billion market cap? Um, I"}, {"start": "00:52:31", "end": "00:52:35", "text": "don't know, man. It's uh you don't you"}, {"start": "00:52:34", "end": "00:52:37", "text": "you don't need necessarily many"}, {"start": "00:52:35", "end": "00:52:39", "text": "transactions. You could have burn. you"}, {"start": "00:52:37", "end": "00:52:41", "text": "could have burn that they just burn it"}, {"start": "00:52:39", "end": "00:52:43", "text": "and you need ETH for transaction fee and"}, {"start": "00:52:41", "end": "00:52:45", "text": "they just burn it all all the time. It's"}, {"start": "00:52:43", "end": "00:52:47", "text": "a it's not really about you know how"}, {"start": "00:52:45", "end": "00:52:49", "text": "many daily transactions it's supply and"}, {"start": "00:52:47", "end": "00:52:51", "text": "demand supply and demand and uh with"}, {"start": "00:52:49", "end": "00:52:52", "text": "with supply and demand you could have"}, {"start": "00:52:51", "end": "00:52:54", "text": "that they burn for example that all of"}, {"start": "00:52:52", "end": "00:52:57", "text": "the transactions happen on L2s but they"}, {"start": "00:52:54", "end": "00:53:01", "text": "burn ETH because L2s pay a lot to the"}, {"start": "00:52:57", "end": "00:53:03", "text": "ETH chain and that means burn."}, {"start": "00:53:01", "end": "00:53:05", "text": "I mean did you talk about Robin Hood?"}, {"start": "00:53:03", "end": "00:53:06", "text": "Yeah, we had like big segments 15 like"}, {"start": "00:53:05", "end": "00:53:10", "text": "15 minute segments or something on that"}, {"start": "00:53:06", "end": "00:53:11", "text": "go earlier in the stream"}, {"start": "00:53:10", "end": "00:53:14", "text": "but the burn is from the transaction"}, {"start": "00:53:11", "end": "00:53:20", "text": "fee. Uh I mean it it could happen but"}, {"start": "00:53:14", "end": "00:53:24", "text": "being purely a um uh being purely burn"}, {"start": "00:53:20", "end": "00:53:24", "text": "sorry being purely transaction fee."}, {"start": "00:53:24", "end": "00:53:29", "text": "Yeah it's it's interesting question let"}, {"start": "00:53:26", "end": "00:53:33", "text": "let me check al also uh about soul let"}, {"start": "00:53:29", "end": "00:53:35", "text": "let me give him a minute. Isana used"}, {"start": "00:53:33", "end": "00:53:39", "text": "I want I want to see do they use sana"}, {"start": "00:53:35", "end": "00:53:43", "text": "for voting also?"}, {"start": "00:53:39", "end": "00:53:45", "text": "So soul has governance"}, {"start": "00:53:43", "end": "00:53:50", "text": "fee"}, {"start": "00:53:45", "end": "00:53:52", "text": "I to justify valuation the coin."}, {"start": "00:53:50", "end": "00:53:55", "text": "Yeah, soul actually has governance. So"}, {"start": "00:53:52", "end": "00:53:58", "text": "for example with soul is not only"}, {"start": "00:53:55", "end": "00:54:00", "text": "transaction fee is also that it has"}, {"start": "00:53:58", "end": "00:54:02", "text": "governance meaning that you can decide"}, {"start": "00:54:00", "end": "00:54:04", "text": "on stuff in the soul ecosystem. So in"}, {"start": "00:54:02", "end": "00:54:08", "text": "case there are many projects, there's a"}, {"start": "00:54:04", "end": "00:54:10", "text": "lot of revenue, there's a lot of uh um a"}, {"start": "00:54:08", "end": "00:54:14", "text": "lot of money that is being changed hands"}, {"start": "00:54:10", "end": "00:54:16", "text": "on Solana and you can make decisions how"}, {"start": "00:54:14", "end": "00:54:18", "text": "the network is developing. It's big"}, {"start": "00:54:16", "end": "00:54:22", "text": "power. It's big big power. So soul for"}, {"start": "00:54:18", "end": "00:54:25", "text": "example has uh also this u"}, {"start": "00:54:22", "end": "00:54:26", "text": "governance with ETH. They don't even do"}, {"start": "00:54:25", "end": "00:54:28", "text": "governance. I mean that that that's"}, {"start": "00:54:26", "end": "00:54:29", "text": "another problem. You don't necessarily"}, {"start": "00:54:28", "end": "00:54:35", "text": "need like only transaction fee. I mean"}, {"start": "00:54:29", "end": "00:54:37", "text": "in my mind being able to participate in"}, {"start": "00:54:35", "end": "00:54:39", "text": "soul governance it's a it's a big thing"}, {"start": "00:54:37", "end": "00:54:41", "text": "and not that you yourself participate"}, {"start": "00:54:39", "end": "00:54:44", "text": "because you will not be able to you need"}, {"start": "00:54:41", "end": "00:54:45", "text": "a lot of soul but that someone who wants"}, {"start": "00:54:44", "end": "00:54:46", "text": "to participate they need to buy soul"}, {"start": "00:54:45", "end": "00:54:49", "text": "from you I mean they need to buy soul"}, {"start": "00:54:46", "end": "00:54:51", "text": "from the market okay and so a big"}, {"start": "00:54:49", "end": "00:54:54", "text": "example here for example ETH they could"}, {"start": "00:54:51", "end": "00:54:58", "text": "have added a lot of value to ETH by"}, {"start": "00:54:54", "end": "00:55:00", "text": "letting the holders vote on the road map"}, {"start": "00:54:58", "end": "00:55:02", "text": "instead just did road map himself by"}, {"start": "00:55:00", "end": "00:55:06", "text": "speaking to a few researchers, not even"}, {"start": "00:55:02", "end": "00:55:09", "text": "speaking to users or developers or DAB"}, {"start": "00:55:06", "end": "00:55:10", "text": "developers. Uh, and to be clear in"}, {"start": "00:55:09", "end": "00:55:13", "text": "Solana, it's not like everyone can go"}, {"start": "00:55:10", "end": "00:55:16", "text": "and vote. It would be too too crazy. You"}, {"start": "00:55:13", "end": "00:55:18", "text": "have a limit here of 100k soul to be"}, {"start": "00:55:16", "end": "00:55:21", "text": "able to vote. So, it's I mean, it's"}, {"start": "00:55:18", "end": "00:55:22", "text": "quite a lot. It's 100k times 80 bucks"}, {"start": "00:55:21", "end": "00:55:25", "text": "now, whatever it is, like 8 million or"}, {"start": "00:55:22", "end": "00:55:26", "text": "whatever. But if someone wants to"}, {"start": "00:55:25", "end": "00:55:28", "text": "participate, let's say you're a company,"}, {"start": "00:55:26", "end": "00:55:30", "text": "your institution, you need to accumulate"}, {"start": "00:55:28", "end": "00:55:33", "text": "the soul from somewhere. So it's from"}, {"start": "00:55:30", "end": "00:55:34", "text": "the market just I mean it's very similar"}, {"start": "00:55:33", "end": "00:55:38", "text": "to normal company as well. I mean you"}, {"start": "00:55:34", "end": "00:55:40", "text": "you you go to let's say you buy a Pepsi"}, {"start": "00:55:38", "end": "00:55:43", "text": "stock you will you do any decision? No."}, {"start": "00:55:40", "end": "00:55:45", "text": "But someone who wants to decision take"}, {"start": "00:55:43", "end": "00:55:46", "text": "over or you know do something they want"}, {"start": "00:55:45", "end": "00:55:48", "text": "to do something with a company they need"}, {"start": "00:55:46", "end": "00:55:50", "text": "to pay you to buy. Okay you understand?"}, {"start": "00:55:48", "end": "00:55:53", "text": "So that's a big use case for all of"}, {"start": "00:55:50", "end": "00:55:55", "text": "these uh coins connected to big"}, {"start": "00:55:53", "end": "00:55:57", "text": "protocols because when you can make"}, {"start": "00:55:55", "end": "00:55:59", "text": "decision you can decide on some kind of"}, {"start": "00:55:57", "end": "00:56:02", "text": "fee you can decide who is getting"}, {"start": "00:55:59", "end": "00:56:06", "text": "integrated you can you can get all kinds"}, {"start": "00:56:02", "end": "00:56:08", "text": "of uh monetary uh rewards or like"}, {"start": "00:56:06", "end": "00:56:11", "text": "monetary benefit from being able to"}, {"start": "00:56:08", "end": "00:56:14", "text": "decide stuff."}, {"start": "00:56:11", "end": "00:56:16", "text": "ETH could be the same. It's it's not"}, {"start": "00:56:14", "end": "00:56:19", "text": "really working like that now. They could"}, {"start": "00:56:16", "end": "00:56:22", "text": "do onchain governance. they don't"}, {"start": "00:56:19", "end": "00:56:25", "text": "uh so the question is more can they add"}, {"start": "00:56:22", "end": "00:56:27", "text": "more stuff like governance for the"}, {"start": "00:56:25", "end": "00:56:30", "text": "transaction fee it's uh they need to"}, {"start": "00:56:27", "end": "00:56:32", "text": "scale the chain first so yeah I I don't"}, {"start": "00:56:30", "end": "00:56:34", "text": "think that the valuation of ETH is the"}, {"start": "00:56:32", "end": "00:56:37", "text": "transaction fee if it would be pure"}, {"start": "00:56:34", "end": "00:56:39", "text": "transaction fee I mean the value would"}, {"start": "00:56:37", "end": "00:56:40", "text": "be way lower now it's more you know in"}, {"start": "00:56:39", "end": "00:56:43", "text": "the future maybe they're going to do"}, {"start": "00:56:40", "end": "00:56:45", "text": "something but uh also don't think too"}, {"start": "00:56:43", "end": "00:56:47", "text": "much about that you see I don't really"}, {"start": "00:56:45", "end": "00:56:50", "text": "like that we're discussing too much you"}, {"start": "00:56:47", "end": "00:56:52", "text": "fundamental, how much use, because none"}, {"start": "00:56:50", "end": "00:56:54", "text": "of it matters. It doesn't matter, guys."}, {"start": "00:56:52", "end": "00:56:57", "text": "With fundamental, how much use, how many"}, {"start": "00:56:54", "end": "00:57:00", "text": "trend, don't worry too much about it."}, {"start": "00:56:57", "end": "00:57:02", "text": "Base your trading on the trend. Trends"}, {"start": "00:57:00", "end": "00:57:03", "text": "can go up or down. No matter the"}, {"start": "00:57:02", "end": "00:57:05", "text": "fundamental, you will not make money"}, {"start": "00:57:03", "end": "00:57:07", "text": "from discussing this too much. You know"}, {"start": "00:57:05", "end": "00:57:08", "text": "how much this, how much that, don't"}, {"start": "00:57:07", "end": "00:57:12", "text": "worry. Don't worry. Just look at the"}, {"start": "00:57:08", "end": "00:57:12", "text": "chart. That's it."}, {"start": "00:57:13", "end": "00:57:17", "text": "Question. How do you spend your time"}, {"start": "00:57:15", "end": "00:57:20", "text": "during the bare market? How do you"}, {"start": "00:57:17", "end": "00:57:21", "text": "disconnect from the market from Azad?"}, {"start": "00:57:20", "end": "00:57:24", "text": "Well, actually, you don't have to"}, {"start": "00:57:21", "end": "00:57:27", "text": "disconnect too much. Uh this bare market"}, {"start": "00:57:24", "end": "00:57:29", "text": "we haven't disconnected too much because"}, {"start": "00:57:27", "end": "00:57:32", "text": "there was a massive bull market in AI"}, {"start": "00:57:29", "end": "00:57:34", "text": "stocks. So, this is a question from Azad"}, {"start": "00:57:32", "end": "00:57:35", "text": "yet again about disconnecting. Why you"}, {"start": "00:57:34", "end": "00:57:37", "text": "want to disconnect in the bare market?"}, {"start": "00:57:35", "end": "00:57:40", "text": "Because there is bare market in crypto,"}, {"start": "00:57:37", "end": "00:57:42", "text": "but uh stocks have been insane. I mean,"}, {"start": "00:57:40", "end": "00:57:44", "text": "they've been uh crazy. So, why"}, {"start": "00:57:42", "end": "00:57:47", "text": "disconnect? And that's probably the"}, {"start": "00:57:44", "end": "00:57:50", "text": "biggest shift this this market that uh"}, {"start": "00:57:47", "end": "00:57:52", "text": "this cycle that in the past I I was only"}, {"start": "00:57:50", "end": "00:57:56", "text": "crypto. We were only speaking about u uh"}, {"start": "00:57:52", "end": "00:57:58", "text": "crypto. Now we're 360. We're 360. That's"}, {"start": "00:57:56", "end": "00:58:00", "text": "why if you go to bullme.com/partners,"}, {"start": "00:57:58", "end": "00:58:03", "text": "you sign up for the newsletter, free"}, {"start": "00:58:00", "end": "00:58:06", "text": "newsletter, bullman.com/partners."}, {"start": "00:58:03", "end": "00:58:08", "text": "Uh we you we say here become a 360"}, {"start": "00:58:06", "end": "00:58:10", "text": "investor. So you don't have to"}, {"start": "00:58:08", "end": "00:58:13", "text": "disconnect from anything."}, {"start": "00:58:10", "end": "00:58:15", "text": "there is something pumping all the time."}, {"start": "00:58:13", "end": "00:58:17", "text": "The question is are you looking in the"}, {"start": "00:58:15", "end": "00:58:20", "text": "correct place?"}, {"start": "00:58:17", "end": "00:58:22", "text": "Uh do you take your portfolio seriously"}, {"start": "00:58:20", "end": "00:58:25", "text": "or you take it not seriously and you"}, {"start": "00:58:22", "end": "00:58:28", "text": "just cope during the bear? Many people"}, {"start": "00:58:25", "end": "00:58:31", "text": "they just cope. They just cope. They say"}, {"start": "00:58:28", "end": "00:58:35", "text": "winter mute. They complain winter mute."}, {"start": "00:58:31", "end": "00:58:37", "text": "Okay. They complain Binance. So yeah,"}, {"start": "00:58:35", "end": "00:58:39", "text": "there's no need to disconnect man."}, {"start": "00:58:37", "end": "00:58:40", "text": "Market is market. There is something"}, {"start": "00:58:39", "end": "00:58:42", "text": "going up. there's a bull market"}, {"start": "00:58:40", "end": "00:58:43", "text": "somewhere. I mean, just like Benjamin"}, {"start": "00:58:42", "end": "00:58:46", "text": "Khan, I believe, is also saying, there's"}, {"start": "00:58:43", "end": "00:58:52", "text": "there's bull market somewhere. Okay. So,"}, {"start": "00:58:46", "end": "00:58:54", "text": "we're here to to be there. And uh yeah,"}, {"start": "00:58:52", "end": "00:58:56", "text": "that's that. That's that."}, {"start": "00:58:54", "end": "00:58:58", "text": "Some say Ian is good. I'm not a trader"}, {"start": "00:58:56", "end": "00:59:01", "text": "though. I'm an investor. No, no, no, no,"}, {"start": "00:58:58", "end": "00:59:04", "text": "no, no, no, no, no, no. Uh very very bad"}, {"start": "00:59:01", "end": "00:59:05", "text": "take. Very bad take. Uh very bad take. I"}, {"start": "00:59:04", "end": "00:59:08", "text": "mean, people say, \"Oh, no. I'm not a"}, {"start": "00:59:05", "end": "00:59:10", "text": "trader. I'm an investor.\""}, {"start": "00:59:08", "end": "00:59:12", "text": "And I mean, but what's the point? It's"}, {"start": "00:59:10", "end": "00:59:13", "text": "not like, see, I don't I I don't even"}, {"start": "00:59:12", "end": "00:59:15", "text": "know if you understand what trading is"}, {"start": "00:59:13", "end": "00:59:20", "text": "because here, for example, look at"}, {"start": "00:59:15", "end": "00:59:22", "text": "Samsung. It went bullish in June last"}, {"start": "00:59:20", "end": "00:59:24", "text": "year and it went bearish only now in"}, {"start": "00:59:22", "end": "00:59:26", "text": "July. So, it's like a year. You take a"}, {"start": "00:59:24", "end": "00:59:28", "text": "position for a year. Okay? Many people"}, {"start": "00:59:26", "end": "00:59:30", "text": "who call themselves investor, that's"}, {"start": "00:59:28", "end": "00:59:31", "text": "kind of their time horizon. I can tell"}, {"start": "00:59:30", "end": "00:59:33", "text": "you most people in crypto, they say,"}, {"start": "00:59:31", "end": "00:59:35", "text": "\"Oh, no, no, I'm for the long term.\""}, {"start": "00:59:33", "end": "00:59:37", "text": "Then they buy some crap, it goes down,"}, {"start": "00:59:35", "end": "00:59:40", "text": "they cannot hold it for more than max a"}, {"start": "00:59:37", "end": "00:59:42", "text": "year or they just keep holding it to"}, {"start": "00:59:40", "end": "00:59:45", "text": "zero."}, {"start": "00:59:42", "end": "00:59:46", "text": "I know I'm long-term investor, so get it"}, {"start": "00:59:45", "end": "00:59:49", "text": "out of your brain. It's going to it's"}, {"start": "00:59:46", "end": "00:59:51", "text": "going to ruin you. You can you can keep"}, {"start": "00:59:49", "end": "00:59:54", "text": "holding any kind of crap like that uh"}, {"start": "00:59:51", "end": "00:59:56", "text": "forever and go to zero. So get get it"}, {"start": "00:59:54", "end": "00:59:58", "text": "out of your brain. uh or the market will"}, {"start": "00:59:56", "end": "01:00:02", "text": "teach you or maybe the market will teach"}, {"start": "00:59:58", "end": "01:00:05", "text": "you because trading it doesn't mean that"}, {"start": "01:00:02", "end": "01:00:06", "text": "uh you need to be in and out every day."}, {"start": "01:00:05", "end": "01:00:08", "text": "I want to clarify that like it doesn't"}, {"start": "01:00:06", "end": "01:00:10", "text": "mean that you have to be in out in out"}, {"start": "01:00:08", "end": "01:00:11", "text": "in out man look at Samsung is is bullish"}, {"start": "01:00:10", "end": "01:00:13", "text": "since"}, {"start": "01:00:11", "end": "01:00:15", "text": "it's like a year position here you"}, {"start": "01:00:13", "end": "01:00:18", "text": "understand"}, {"start": "01:00:15", "end": "01:00:20", "text": "it's a year position"}, {"start": "01:00:18", "end": "01:00:23", "text": "uh look at uh okay look look at sui sui"}, {"start": "01:00:20", "end": "01:00:25", "text": "is bearish now for a very long time here"}, {"start": "01:00:23", "end": "01:00:28", "text": "since November so it's not it's not in"}, {"start": "01:00:25", "end": "01:00:29", "text": "and out not in and out it is long you"}, {"start": "01:00:28", "end": "01:00:31", "text": "can have long-term positions also I mean"}, {"start": "01:00:29", "end": "01:00:34", "text": "the trends can be long the trends can be"}, {"start": "01:00:31", "end": "01:00:37", "text": "long so it's not only for trading maybe"}, {"start": "01:00:34", "end": "01:00:39", "text": "I need to verify that ensure you"}, {"start": "01:00:37", "end": "01:00:43", "text": "understand that understand it way more"}, {"start": "01:00:39", "end": "01:00:44", "text": "it is for uh long-term investor"}, {"start": "01:00:43", "end": "01:00:47", "text": "shortterm because you need to know the"}, {"start": "01:00:44", "end": "01:00:49", "text": "trend anyway okay otherwise you're going"}, {"start": "01:00:47", "end": "01:00:51", "text": "to get eaten going to get eaten alive"}, {"start": "01:00:49", "end": "01:00:53", "text": "guys thank you very much we are right"}, {"start": "01:00:51", "end": "01:00:56", "text": "above 1 hour saying we're out of time"}, {"start": "01:00:53", "end": "01:00:59", "text": "stamp see you all when tomorrow enjoy"}, {"start": "01:00:56", "end": "01:01:01", "text": "your uh Thursday have a good day shout"}, {"start": "01:00:59", "end": "01:01:04", "text": "out to Guzman and goodbye guys goodbye"}, {"start": "01:01:01", "end": "01:01:04", "text": "goodbye goodbye"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "are going live. We're clicking the"}, {"start": "00:00:01", "end": "00:00:05", "text": "button. Oh yes. Oh yes. Oh yes. Guys,"}, {"start": "00:00:03", "end": "00:00:08", "text": "welcome to another episode. And as you"}, {"start": "00:00:05", "end": "00:00:10", "text": "can see right now, Bitcoin is around"}, {"start": "00:00:08", "end": "00:00:12", "text": "200E moving average. We're bouncing"}, {"start": "00:00:10", "end": "00:00:15", "text": "around here, a bit above, a bit below."}, {"start": "00:00:12", "end": "00:00:17", "text": "As you know, our stance still remains."}, {"start": "00:00:15", "end": "00:00:20", "text": "Our stance still remains that with"}, {"start": "00:00:17", "end": "00:00:23", "text": "highest likelihood, we have another"}, {"start": "00:00:20", "end": "00:00:26", "text": "flash left. One last flash. One last"}, {"start": "00:00:23", "end": "00:00:27", "text": "flash in this bull market. In this bare"}, {"start": "00:00:26", "end": "00:00:30", "text": "market before the bull market, bull"}, {"start": "00:00:27", "end": "00:00:31", "text": "market is next. Now guys, meanwhile, I"}, {"start": "00:00:30", "end": "00:00:33", "text": "mean, while we are waiting for the"}, {"start": "00:00:31", "end": "00:00:36", "text": "flash, there are important signs that"}, {"start": "00:00:33", "end": "00:00:38", "text": "the rotation is beginning. The way that"}, {"start": "00:00:36", "end": "00:00:40", "text": "the next bull market will shape out is"}, {"start": "00:00:38", "end": "00:00:43", "text": "likely down to a few things. Number one"}, {"start": "00:00:40", "end": "00:00:45", "text": "is rate cuts. They will happen later"}, {"start": "00:00:43", "end": "00:00:46", "text": "this year. We did cover what the Fed"}, {"start": "00:00:45", "end": "00:00:49", "text": "said about the unemployment, about"}, {"start": "00:00:46", "end": "00:00:51", "text": "inflation. They are priming the market"}, {"start": "00:00:49", "end": "00:00:54", "text": "now for rate cuts. That's number one."}, {"start": "00:00:51", "end": "00:00:57", "text": "Number two will be the fact that there"}, {"start": "00:00:54", "end": "00:00:59", "text": "will be hundreds of billions flowing"}, {"start": "00:00:57", "end": "00:01:03", "text": "away from AI. As you know, we've been"}, {"start": "00:00:59", "end": "00:01:05", "text": "bullish AI for entirety of this year and"}, {"start": "00:01:03", "end": "00:01:07", "text": "the two months of last year. We've been"}, {"start": "00:01:05", "end": "00:01:10", "text": "super super bullish AI stocks. They have"}, {"start": "00:01:07", "end": "00:01:11", "text": "been doing fantastically well. But guys,"}, {"start": "00:01:10", "end": "00:01:14", "text": "unfortunately, what is happening right"}, {"start": "00:01:11", "end": "00:01:16", "text": "now for AI stocks is that many of them"}, {"start": "00:01:14", "end": "00:01:19", "text": "go bare. The rotation is starting."}, {"start": "00:01:16", "end": "00:01:21", "text": "SanDisk for example our beloved our"}, {"start": "00:01:19", "end": "00:01:26", "text": "fantastic SanDisk which has been a"}, {"start": "00:01:21", "end": "00:01:28", "text": "machine a gain machine is now going"}, {"start": "00:01:26", "end": "00:01:32", "text": "bearish. If we close the week like this"}, {"start": "00:01:28", "end": "00:01:33", "text": "it will close and go bearish bearish and"}, {"start": "00:01:32", "end": "00:01:36", "text": "it wants to go even lower. As you can"}, {"start": "00:01:33", "end": "00:01:39", "text": "see, if you look at what flipped bearish"}, {"start": "00:01:36", "end": "00:01:41", "text": "within the AI sector in the last one"}, {"start": "00:01:39", "end": "00:01:43", "text": "week, you have all kinds of companies"}, {"start": "00:01:41", "end": "00:01:45", "text": "bare, bare, bare, semiconductor going"}, {"start": "00:01:43", "end": "00:01:47", "text": "bare, bare, bare. Everything now is"}, {"start": "00:01:45", "end": "00:01:49", "text": "starting to turn for AI stocks. Not all"}, {"start": "00:01:47", "end": "00:01:51", "text": "of them are going bare yet. For example,"}, {"start": "00:01:49", "end": "00:01:54", "text": "you have Astera still holding on to"}, {"start": "00:01:51", "end": "00:01:58", "text": "bull, but very close to bare. You have"}, {"start": "00:01:54", "end": "00:02:02", "text": "Intel still holding on to bull, but but"}, {"start": "00:01:58", "end": "00:02:04", "text": "very very very close to bare. Micron is"}, {"start": "00:02:02", "end": "00:02:07", "text": "uh going bare if we close the week below"}, {"start": "00:02:04", "end": "00:02:10", "text": "this flip level. Micron beloved beloved"}, {"start": "00:02:07", "end": "00:02:13", "text": "Micron fantastic pump is going bare."}, {"start": "00:02:10", "end": "00:02:15", "text": "Marvel is already bare and going lower."}, {"start": "00:02:13", "end": "00:02:17", "text": "Respect the bare trend guys. Always"}, {"start": "00:02:15", "end": "00:02:19", "text": "respect the bare trend. Always always"}, {"start": "00:02:17", "end": "00:02:22", "text": "always respect the bare trend. Going"}, {"start": "00:02:19", "end": "00:02:24", "text": "lower. AMD, the beloved AMD is still"}, {"start": "00:02:22", "end": "00:02:26", "text": "holding up. Okay. Probably the best"}, {"start": "00:02:24", "end": "00:02:29", "text": "looking short out of all of them. still"}, {"start": "00:02:26", "end": "00:02:32", "text": "a long a long um uh distance away from"}, {"start": "00:02:29", "end": "00:02:36", "text": "going bare. You have Broadcom going"}, {"start": "00:02:32", "end": "00:02:41", "text": "bare, guys. Going bare. Nvidia going"}, {"start": "00:02:36", "end": "00:02:44", "text": "bearer. Going bare. Amazon going bare."}, {"start": "00:02:41", "end": "00:02:47", "text": "Meta going be bare. Although a bit of a"}, {"start": "00:02:44", "end": "00:02:51", "text": "pump. Google, our dear Google is bare."}, {"start": "00:02:47", "end": "00:02:54", "text": "Tesla is bull still bull holding on."}, {"start": "00:02:51", "end": "00:02:56", "text": "Palunteer is bare. So guys, uh the"}, {"start": "00:02:54", "end": "00:02:58", "text": "conclusion here, the timing is cra I"}, {"start": "00:02:56", "end": "00:03:00", "text": "mean the timing is really crazy because"}, {"start": "00:02:58", "end": "00:03:02", "text": "people have been saying four cycle does"}, {"start": "00:03:00", "end": "00:03:04", "text": "not work. Ivan doesn't know what he's"}, {"start": "00:03:02", "end": "00:03:05", "text": "speaking about when we said to be risk"}, {"start": "00:03:04", "end": "00:03:07", "text": "off in October and we said listen you"}, {"start": "00:03:05", "end": "00:03:10", "text": "have to be riskoff in October for crypto"}, {"start": "00:03:07", "end": "00:03:13", "text": "and that the next bull is going to start"}, {"start": "00:03:10", "end": "00:03:15", "text": "when when in Q4"}, {"start": "00:03:13", "end": "00:03:17", "text": "2026. And now everything is really"}, {"start": "00:03:15", "end": "00:03:20", "text": "aligning itself fantastically well"}, {"start": "00:03:17", "end": "00:03:23", "text": "because this money this capital from AI"}, {"start": "00:03:20", "end": "00:03:25", "text": "where will it go? Where will it go? It"}, {"start": "00:03:23", "end": "00:03:27", "text": "will start looking for cheap deals. It"}, {"start": "00:03:25", "end": "00:03:29", "text": "start will start looking for something"}, {"start": "00:03:27", "end": "00:03:31", "text": "that's cheap, for something that has a"}, {"start": "00:03:29", "end": "00:03:34", "text": "narrative that has a story that has not"}, {"start": "00:03:31", "end": "00:03:36", "text": "been pumping yet. And crypto is the"}, {"start": "00:03:34", "end": "00:03:38", "text": "industry. Crypto has been in the"}, {"start": "00:03:36", "end": "00:03:39", "text": "freaking gutter. Although the"}, {"start": "00:03:38", "end": "00:03:42", "text": "fundamentals of crypto has not changed."}, {"start": "00:03:39", "end": "00:03:44", "text": "Nothing has changed. You still need uh"}, {"start": "00:03:42", "end": "00:03:45", "text": "sound money. You still need"}, {"start": "00:03:44", "end": "00:03:47", "text": "decentralization. You still need"}, {"start": "00:03:45", "end": "00:03:49", "text": "blockchain. Everything is moving on"}, {"start": "00:03:47", "end": "00:03:51", "text": "chain. Stocks moving on chain. [gasps]"}, {"start": "00:03:49", "end": "00:03:53", "text": "Nothing of that has changed. But Bitcoin"}, {"start": "00:03:51", "end": "00:03:55", "text": "is at around 200 week moving average"}, {"start": "00:03:53", "end": "00:03:57", "text": "which is so cheap. I mean historically"}, {"start": "00:03:55", "end": "00:03:58", "text": "have fantastically cheap Bitcoin even"}, {"start": "00:03:57", "end": "00:04:00", "text": "though we expect a further downside."}, {"start": "00:03:58", "end": "00:04:02", "text": "Everything in the green box is cheap and"}, {"start": "00:04:00", "end": "00:04:04", "text": "you can DCA here without even worrying"}, {"start": "00:04:02", "end": "00:04:05", "text": "without even thinking. [gasps] So"}, {"start": "00:04:04", "end": "00:04:08", "text": "everything here in the green box is"}, {"start": "00:04:05", "end": "00:04:11", "text": "cheap. And also you have Chinese market"}, {"start": "00:04:08", "end": "00:04:14", "text": "dumping, you have SanDisk and AI dumping"}, {"start": "00:04:11", "end": "00:04:16", "text": "and just like Qua is saying here over a"}, {"start": "00:04:14", "end": "00:04:18", "text": "threeyear time horizon crypto will"}, {"start": "00:04:16", "end": "00:04:20", "text": "meaningfully outperform stocks. And he"}, {"start": "00:04:18", "end": "00:04:21", "text": "says that Zcash will outperform the rest"}, {"start": "00:04:20", "end": "00:04:24", "text": "of crypto. I mean this we'll have to see"}, {"start": "00:04:21", "end": "00:04:27", "text": "but this number one for sure for sure"}, {"start": "00:04:24", "end": "00:04:30", "text": "for sure. Very important that the stock"}, {"start": "00:04:27", "end": "00:04:33", "text": "market and the relative returns will"}, {"start": "00:04:30", "end": "00:04:35", "text": "start favoring crypto next. Okay."}, {"start": "00:04:33", "end": "00:04:36", "text": "Nothing goes up forever, nothing goes"}, {"start": "00:04:35", "end": "00:04:38", "text": "down forever. And as soon as you have"}, {"start": "00:04:36", "end": "00:04:40", "text": "that flywheel that the news are coming"}, {"start": "00:04:38", "end": "00:04:42", "text": "out that Bitcoin is outperforming"}, {"start": "00:04:40", "end": "00:04:44", "text": "stocks, Bitcoin is mooning, Bitcoin is"}, {"start": "00:04:42", "end": "00:04:47", "text": "going up. Now the flywheel is getting"}, {"start": "00:04:44", "end": "00:04:49", "text": "stronger, more capital. you see your"}, {"start": "00:04:47", "end": "00:04:51", "text": "friend get rich, you're still in AI"}, {"start": "00:04:49", "end": "00:04:54", "text": "stock, you still hold Nvidia, Nvidia is"}, {"start": "00:04:51", "end": "00:04:55", "text": "going to zero or scientist is going to"}, {"start": "00:04:54", "end": "00:04:58", "text": "zero because you don't respect the bare"}, {"start": "00:04:55", "end": "00:05:00", "text": "trend and you're just uh holding it and"}, {"start": "00:04:58", "end": "00:05:02", "text": "holding it and then more and more people"}, {"start": "00:05:00", "end": "00:05:05", "text": "rotate into into crypto. Very important."}, {"start": "00:05:02", "end": "00:05:07", "text": "Now, is it too early to say that the"}, {"start": "00:05:05", "end": "00:05:09", "text": "bare market is over? I think likely it's"}, {"start": "00:05:07", "end": "00:05:10", "text": "a bit too early just like Winter Muse is"}, {"start": "00:05:09", "end": "00:05:12", "text": "saying that Bitcoin rally is just a"}, {"start": "00:05:10", "end": "00:05:14", "text": "relief bounce, not a true bull market."}, {"start": "00:05:12", "end": "00:05:18", "text": "Again, we expect a bit further downside,"}, {"start": "00:05:14", "end": "00:05:20", "text": "but it's cheap. It's cheap anyway. Ship"}, {"start": "00:05:18", "end": "00:05:22", "text": "anyway. But is it that we just go up"}, {"start": "00:05:20", "end": "00:05:25", "text": "from here? I think that's less likely."}, {"start": "00:05:22", "end": "00:05:29", "text": "And we need to wait until Q4. We still"}, {"start": "00:05:25", "end": "00:05:31", "text": "need we still need a bit of uh fear, a"}, {"start": "00:05:29", "end": "00:05:34", "text": "bit of despair, a bit of crushing of the"}, {"start": "00:05:31", "end": "00:05:36", "text": "soul. But you know, it's already July,"}, {"start": "00:05:34", "end": "00:05:41", "text": "man. Time flies. Then it's August, then"}, {"start": "00:05:36", "end": "00:05:43", "text": "September, then it is uh when uh"}, {"start": "00:05:41", "end": "00:05:46", "text": "October. So when is October? Wake me up."}, {"start": "00:05:43", "end": "00:05:48", "text": "Okay, wake me up"}, {"start": "00:05:46", "end": "00:05:50", "text": "or I will wake you up. Let's see. Look"}, {"start": "00:05:48", "end": "00:05:55", "text": "here. We have inflows. We have a bit of"}, {"start": "00:05:50", "end": "00:05:58", "text": "inflow in Bitcoin ETF. 21.4,000"}, {"start": "00:05:55", "end": "00:06:00", "text": "or sorry is thousand or just 24 21"}, {"start": "00:05:58", "end": "00:06:03", "text": "million because that's super small."}, {"start": "00:06:00", "end": "00:06:04", "text": "Okay, it cannot be 21 billion. So it"}, {"start": "00:06:03", "end": "00:06:06", "text": "must be 21 million. I mean it's tiny"}, {"start": "00:06:04", "end": "00:06:08", "text": "guys guess it's tiny but we we we're"}, {"start": "00:06:06", "end": "00:06:10", "text": "happy we're happy it's uh positive"}, {"start": "00:06:08", "end": "00:06:12", "text": "[laughter] okay it's positive but"}, {"start": "00:06:10", "end": "00:06:16", "text": "another daily inflow that's good look at"}, {"start": "00:06:12", "end": "00:06:18", "text": "Vanguard are waking up and are hiring"}, {"start": "00:06:16", "end": "00:06:21", "text": "head of crypto you remember Vanguard"}, {"start": "00:06:18", "end": "00:06:23", "text": "they were the most anti-crypto uh big"}, {"start": "00:06:21", "end": "00:06:24", "text": "financial firm Vanguard was saying"}, {"start": "00:06:23", "end": "00:06:26", "text": "crypto is for guys just you know two"}, {"start": "00:06:24", "end": "00:06:28", "text": "years ago they were so anti anti"}, {"start": "00:06:26", "end": "00:06:31", "text": "antuntie anti now they're hiring head of"}, {"start": "00:06:28", "end": "00:06:36", "text": "crypto you have Tom Lee buying another"}, {"start": "00:06:31", "end": "00:06:38", "text": "40,000 ETH trying to pump the price,"}, {"start": "00:06:36", "end": "00:06:40", "text": "trying to build the treasury. Well,"}, {"start": "00:06:38", "end": "00:06:42", "text": "actually for for Tom Lee, ETH being"}, {"start": "00:06:40", "end": "00:06:44", "text": "cheap is good. I mean, for him, he just"}, {"start": "00:06:42", "end": "00:06:46", "text": "gets more ETH. He has a strategy or"}, {"start": "00:06:44", "end": "00:06:48", "text": "corporate strategy to get as much ETH as"}, {"start": "00:06:46", "end": "00:06:50", "text": "possible. So, for him, it's happy days."}, {"start": "00:06:48", "end": "00:06:52", "text": "Actually, it's happy days. So, that's"}, {"start": "00:06:50", "end": "00:06:53", "text": "why his incentive and your incentive are"}, {"start": "00:06:52", "end": "00:06:54", "text": "not always aligned. I mean, for him,"}, {"start": "00:06:53", "end": "00:06:56", "text": "it's good to have cheap ETH. It's very,"}, {"start": "00:06:54", "end": "00:06:58", "text": "very good to have cheap ETH. Look guys,"}, {"start": "00:06:56", "end": "00:07:02", "text": "the big news during the last 24 hours is"}, {"start": "00:06:58", "end": "00:07:04", "text": "that Robin Hood chain is live. And I"}, {"start": "00:07:02", "end": "00:07:05", "text": "have to say it is better than I thought."}, {"start": "00:07:04", "end": "00:07:08", "text": "You remember a few days ago we were"}, {"start": "00:07:05", "end": "00:07:10", "text": "saying that the risk with Robin Hood"}, {"start": "00:07:08", "end": "00:07:13", "text": "chain is that it will be a corpor."}, {"start": "00:07:10", "end": "00:07:14", "text": "They're going to do real world asset or"}, {"start": "00:07:13", "end": "00:07:16", "text": "they're going to do other corporal"}, {"start": "00:07:14", "end": "00:07:18", "text": "things. But actually on day one they go"}, {"start": "00:07:16", "end": "00:07:20", "text": "memes. So [laughter] that's that's more"}, {"start": "00:07:18", "end": "00:07:22", "text": "promising for the future of the chain."}, {"start": "00:07:20", "end": "00:07:24", "text": "From day one they just say yeah it's"}, {"start": "00:07:22", "end": "00:07:28", "text": "great for memes. People go nuts memeing"}, {"start": "00:07:24", "end": "00:07:29", "text": "stuff. Cash cat uh all of this other"}, {"start": "00:07:28", "end": "00:07:31", "text": "stuff on Robin Hood. Fantastic man."}, {"start": "00:07:29", "end": "00:07:33", "text": "Fantastic. they they bridge stuff, they"}, {"start": "00:07:31", "end": "00:07:35", "text": "they go nuts. So, there's a bit of a"}, {"start": "00:07:33", "end": "00:07:36", "text": "mania here during the last 24 hours in"}, {"start": "00:07:35", "end": "00:07:38", "text": "Robin Hood chain, but it's always like"}, {"start": "00:07:36", "end": "00:07:40", "text": "that. I remember when Bass was new,"}, {"start": "00:07:38", "end": "00:07:42", "text": "there were also all kinds of these memes"}, {"start": "00:07:40", "end": "00:07:45", "text": "like Toshi and what what the hell it"}, {"start": "00:07:42", "end": "00:07:47", "text": "was. The big question is can they for"}, {"start": "00:07:45", "end": "00:07:49", "text": "real compete with Solana or not? And"}, {"start": "00:07:47", "end": "00:07:50", "text": "we'll just have to find out. And all of"}, {"start": "00:07:49", "end": "00:07:52", "text": "these memes, they're super small. I"}, {"start": "00:07:50", "end": "00:07:54", "text": "mean, you see yourself is like liquidity"}, {"start": "00:07:52", "end": "00:07:57", "text": "3 million, liquidity 300K. So, in"}, {"start": "00:07:54", "end": "00:07:59", "text": "reality, there's maybe like one coin. It"}, {"start": "00:07:57", "end": "00:08:02", "text": "is the cash cut that has some kind of"}, {"start": "00:07:59", "end": "00:08:04", "text": "liquidity because this you know 100k two"}, {"start": "00:08:02", "end": "00:08:06", "text": "I mean it's non basically this liquidity"}, {"start": "00:08:04", "end": "00:08:08", "text": "is non-existent. [laughter]"}, {"start": "00:08:06", "end": "00:08:10", "text": "It's one click away from going to zero"}, {"start": "00:08:08", "end": "00:08:11", "text": "and this one is also one click away"}, {"start": "00:08:10", "end": "00:08:14", "text": "basically from going to zero. But yeah"}, {"start": "00:08:11", "end": "00:08:16", "text": "there you go. All in all good to see"}, {"start": "00:08:14", "end": "00:08:17", "text": "that uh they embrace the digioness"}, {"start": "00:08:16", "end": "00:08:18", "text": "because that's the problem with"}, {"start": "00:08:17", "end": "00:08:20", "text": "corporate chains normally that they"}, {"start": "00:08:18", "end": "00:08:22", "text": "cannot really embrace the division. They"}, {"start": "00:08:20", "end": "00:08:24", "text": "cannot say hey guys go n here build"}, {"start": "00:08:22", "end": "00:08:27", "text": "ponzi build ponzi. Well, you know, in"}, {"start": "00:08:24", "end": "00:08:29", "text": "crypto, we love the Ponzi. [laughter]"}, {"start": "00:08:27", "end": "00:08:32", "text": "We love the meme. We love the Ponzi."}, {"start": "00:08:29", "end": "00:08:33", "text": "But, uh, all in all, uh, good. I mean,"}, {"start": "00:08:32", "end": "00:08:36", "text": "good start. Not bad. Let's see if they"}, {"start": "00:08:33", "end": "00:08:37", "text": "can hold it. Robin Hood has been live"}, {"start": "00:08:36", "end": "00:08:40", "text": "for less than a week. It's already"}, {"start": "00:08:37", "end": "00:08:43", "text": "crossed 250 million in units of protocol"}, {"start": "00:08:40", "end": "00:08:45", "text": "volume. There you go. Uh, and uh, ANSM"}, {"start": "00:08:43", "end": "00:08:49", "text": "is taking a bit of a hit because people"}, {"start": "00:08:45", "end": "00:08:51", "text": "are rotating into cash on on uh, on"}, {"start": "00:08:49", "end": "00:08:54", "text": "Robin Hood. And, uh, yeah, let's see if"}, {"start": "00:08:51", "end": "00:08:56", "text": "he if he can recover or not. uh he is"}, {"start": "00:08:54", "end": "00:08:59", "text": "running a perpetual airdrop to everyone"}, {"start": "00:08:56", "end": "00:09:00", "text": "who has Ansam. So it's quite a new model"}, {"start": "00:08:59", "end": "00:09:03", "text": "you can say instead of airdropping all"}, {"start": "00:09:00", "end": "00:09:05", "text": "the coins at once. He is just drip"}, {"start": "00:09:03", "end": "00:09:08", "text": "feeding the airdrop whenever he gets"}, {"start": "00:09:05", "end": "00:09:09", "text": "transaction fees from the coin. So it's"}, {"start": "00:09:08", "end": "00:09:11", "text": "a bit of a new I mean a bit of a novel a"}, {"start": "00:09:09", "end": "00:09:13", "text": "bit of a novel approach you can say."}, {"start": "00:09:11", "end": "00:09:15", "text": "Lucanet is commenting what Anom is doing"}, {"start": "00:09:13", "end": "00:09:18", "text": "with his token probably reinvents how"}, {"start": "00:09:15", "end": "00:09:19", "text": "airdrops are down forever. In hindsight,"}, {"start": "00:09:18", "end": "00:09:22", "text": "it was obvious, but the idea that you"}, {"start": "00:09:19", "end": "00:09:24", "text": "have an evergreen recurring airdrop is"}, {"start": "00:09:22", "end": "00:09:27", "text": "actually the way to do it and is the"}, {"start": "00:09:24", "end": "00:09:30", "text": "highest EV way to distribute tokens."}, {"start": "00:09:27", "end": "00:09:33", "text": "Basically, you know, with Luca, he did"}, {"start": "00:09:30", "end": "00:09:35", "text": "the Penu airdrop and he just air dropped"}, {"start": "00:09:33", "end": "00:09:36", "text": "everything at once, which was great. But"}, {"start": "00:09:35", "end": "00:09:38", "text": "with Anom, he's doing potentially"}, {"start": "00:09:36", "end": "00:09:40", "text": "something even better because he's not"}, {"start": "00:09:38", "end": "00:09:43", "text": "airdropping all at once. He's giving you"}, {"start": "00:09:40", "end": "00:09:44", "text": "a bit and then he looks, are you holding"}, {"start": "00:09:43", "end": "00:09:46", "text": "the coin? What are you doing? And then"}, {"start": "00:09:44", "end": "00:09:49", "text": "he gives you a bit more. And then he"}, {"start": "00:09:46", "end": "00:09:52", "text": "looks are you holding or are you a jeter"}, {"start": "00:09:49", "end": "00:09:54", "text": "or who are you? He then he gives you a"}, {"start": "00:09:52", "end": "00:09:57", "text": "bit more. And um the way that he funds"}, {"start": "00:09:54", "end": "00:09:59", "text": "the airdrops is via the transaction fee."}, {"start": "00:09:57", "end": "00:10:00", "text": "So he both I mean two ways. Number one"}, {"start": "00:09:59", "end": "00:10:02", "text": "he just aird drops the coin. He just"}, {"start": "00:10:00", "end": "00:10:04", "text": "aird drops the coin but then as far as I"}, {"start": "00:10:02", "end": "00:10:06", "text": "understand that he's also using the"}, {"start": "00:10:04", "end": "00:10:08", "text": "transaction fees which you know in a few"}, {"start": "00:10:06", "end": "00:10:10", "text": "days he gets like a million dollars in"}, {"start": "00:10:08", "end": "00:10:13", "text": "transaction fees from it. Then he also"}, {"start": "00:10:10", "end": "00:10:14", "text": "airdrops all of that. So some people may"}, {"start": "00:10:13", "end": "00:10:16", "text": "say that people have done it but"}, {"start": "00:10:14", "end": "00:10:18", "text": "functionally they haven't. The core"}, {"start": "00:10:16", "end": "00:10:21", "text": "differentiator here is the idea of"}, {"start": "00:10:18", "end": "00:10:24", "text": "airdropping new users tokens every day"}, {"start": "00:10:21", "end": "00:10:26", "text": "week versus multimonth seasons which"}, {"start": "00:10:24", "end": "00:10:28", "text": "Jay's users and stagnates momentum. If I"}, {"start": "00:10:26", "end": "00:10:30", "text": "was a new token going to launch, I would"}, {"start": "00:10:28", "end": "00:10:32", "text": "airdrop an initial amount to users. Drip"}, {"start": "00:10:30", "end": "00:10:35", "text": "feed a small airdrop every day, every"}, {"start": "00:10:32", "end": "00:10:38", "text": "week to new and existing users who are"}, {"start": "00:10:35", "end": "00:10:40", "text": "com completing tasks such as championing"}, {"start": "00:10:38", "end": "00:10:43", "text": "the token or using product in the"}, {"start": "00:10:40", "end": "00:10:45", "text": "ecosystem. And uh yeah, and some answers"}, {"start": "00:10:43", "end": "00:10:49", "text": "why Azure up a large percent of supply"}, {"start": "00:10:45", "end": "00:10:51", "text": "all at once. Instead, we can constantly"}, {"start": "00:10:49", "end": "00:10:53", "text": "drip it out rewarding the most active"}, {"start": "00:10:51", "end": "00:10:55", "text": "community members of the project. Also"}, {"start": "00:10:53", "end": "00:10:56", "text": "gives you flexibility to adapt. I mean"}, {"start": "00:10:55", "end": "00:10:58", "text": "that's also very important because"}, {"start": "00:10:56", "end": "00:11:00", "text": "market changes maybe you know maybe it's"}, {"start": "00:10:58", "end": "00:11:03", "text": "good to pause air dropdrop maybe maybe"}, {"start": "00:11:00", "end": "00:11:06", "text": "not if new protocol drops next month and"}, {"start": "00:11:03", "end": "00:11:08", "text": "I want anom holders to use that because"}, {"start": "00:11:06", "end": "00:11:09", "text": "I think it will be net positive for"}, {"start": "00:11:08", "end": "00:11:11", "text": "everyone I could airdrop to people using"}, {"start": "00:11:09", "end": "00:11:13", "text": "that protocol. Yeah, I mean he could"}, {"start": "00:11:11", "end": "00:11:15", "text": "tell you to do anything on chain and"}, {"start": "00:11:13", "end": "00:11:18", "text": "then reward you with airdrop. If an"}, {"start": "00:11:15", "end": "00:11:20", "text": "important event happens, real life event"}, {"start": "00:11:18", "end": "00:11:22", "text": "happens next next month, I want to do a"}, {"start": "00:11:20", "end": "00:11:25", "text": "marketing popup there. I can people"}, {"start": "00:11:22", "end": "00:11:26", "text": "organizing grassroots around that event."}, {"start": "00:11:25", "end": "00:11:28", "text": "Crypto and organization are the best"}, {"start": "00:11:26", "end": "00:11:29", "text": "technologies in the world for human"}, {"start": "00:11:28", "end": "00:11:31", "text": "coordination. Yeah, I mean that's super"}, {"start": "00:11:29", "end": "00:11:34", "text": "interesting. Let's see how this is going"}, {"start": "00:11:31", "end": "00:11:35", "text": "to be now with um Robin Hood. But you"}, {"start": "00:11:34", "end": "00:11:37", "text": "know the biggest question with Robin is"}, {"start": "00:11:35", "end": "00:11:39", "text": "how long it survives. Robin chain will"}, {"start": "00:11:37", "end": "00:11:41", "text": "last two weeks then we return to Sana. I"}, {"start": "00:11:39", "end": "00:11:42", "text": "also think that's the likely outcome."}, {"start": "00:11:41", "end": "00:11:44", "text": "But at the same time, you know, to"}, {"start": "00:11:42", "end": "00:11:46", "text": "bridge a bit to Robin Hood to test it"}, {"start": "00:11:44", "end": "00:11:49", "text": "out. Why not? Why not? Especially that"}, {"start": "00:11:46", "end": "00:11:52", "text": "they are embracing memes. It is uh it is"}, {"start": "00:11:49", "end": "00:11:54", "text": "worth the time doing that. Uh as uh it's"}, {"start": "00:11:52", "end": "00:11:56", "text": "as it's a bit better than I thought"}, {"start": "00:11:54", "end": "00:11:58", "text": "because in my mind, the way they talked"}, {"start": "00:11:56", "end": "00:11:59", "text": "about a lot is know real world assets,"}, {"start": "00:11:58", "end": "00:12:00", "text": "real world assets, man. If you do a"}, {"start": "00:11:59", "end": "00:12:02", "text": "chain, real world asset, no one's going"}, {"start": "00:12:00", "end": "00:12:04", "text": "to be there. Who's going to come to your"}, {"start": "00:12:02", "end": "00:12:06", "text": "chain to do real world ad? No one's"}, {"start": "00:12:04", "end": "00:12:07", "text": "going. If you do me, man, we're we're"}, {"start": "00:12:06", "end": "00:12:10", "text": "here. We're here. We're here, man."}, {"start": "00:12:07", "end": "00:12:12", "text": "[laughter] We're We're here to take my"}, {"start": "00:12:10", "end": "00:12:16", "text": "money."}, {"start": "00:12:12", "end": "00:12:18", "text": "Look here. Vlad is going to bring back"}, {"start": "00:12:16", "end": "00:12:20", "text": "meme coins. I guarantee we shortly see a"}, {"start": "00:12:18", "end": "00:12:21", "text": "boning platform on the chain like Pam"}, {"start": "00:12:20", "end": "00:12:23", "text": "Fam and a plethora of tokens."}, {"start": "00:12:21", "end": "00:12:27", "text": "Thereafter, users are then going to buy"}, {"start": "00:12:23", "end": "00:12:29", "text": "on Robin Hood 2. This is uh probably the"}, {"start": "00:12:27", "end": "00:12:31", "text": "the best advantage they have. actual"}, {"start": "00:12:29", "end": "00:12:34", "text": "Robin Hood app and they can integrate a"}, {"start": "00:12:31", "end": "00:12:37", "text": "pump fund like system into the Robin"}, {"start": "00:12:34", "end": "00:12:39", "text": "Hood app and everything is end to end"}, {"start": "00:12:37", "end": "00:12:41", "text": "massive massive distribution. So"}, {"start": "00:12:39", "end": "00:12:44", "text": "actually the there is the fact that they"}, {"start": "00:12:41", "end": "00:12:46", "text": "are pro meme makes me positive on the"}, {"start": "00:12:44", "end": "00:12:49", "text": "chain is it's not a corporate chain"}, {"start": "00:12:46", "end": "00:12:51", "text": "purely for like Wall Street stuff in in"}, {"start": "00:12:49", "end": "00:12:53", "text": "fact it is meme oriented which is what"}, {"start": "00:12:51", "end": "00:12:55", "text": "we care about in crypto. I mean listen"}, {"start": "00:12:53", "end": "00:12:58", "text": "it was get more engagement and if they"}, {"start": "00:12:55", "end": "00:12:59", "text": "can take that and marry it to the Robin"}, {"start": "00:12:58", "end": "00:13:01", "text": "Hood distribution could be powerful"}, {"start": "00:12:59", "end": "00:13:04", "text": "could be powerful but then again you"}, {"start": "00:13:01", "end": "00:13:06", "text": "remember we discussed as soon as Kim"}, {"start": "00:13:04", "end": "00:13:08", "text": "Jong-un or someone a bit uh not good in"}, {"start": "00:13:06", "end": "00:13:10", "text": "the media starts using the chain is"}, {"start": "00:13:08", "end": "00:13:13", "text": "going to be big problem for Robin Hood."}, {"start": "00:13:10", "end": "00:13:15", "text": "Uh so for us practically bridging"}, {"start": "00:13:13", "end": "00:13:16", "text": "testing makes perfect perfect sense guys"}, {"start": "00:13:15", "end": "00:13:17", "text": "welcome everyone who's watching live we"}, {"start": "00:13:16", "end": "00:13:20", "text": "have a lot we have a lot today. Big"}, {"start": "00:13:17", "end": "00:13:21", "text": "shout out to DAB for timestamping us."}, {"start": "00:13:20", "end": "00:13:23", "text": "Let me know how you're doing this"}, {"start": "00:13:21", "end": "00:13:24", "text": "fantastic Wednesday. Already Wednesday,"}, {"start": "00:13:23", "end": "00:13:26", "text": "man. Then Thursday, then bum weekend."}, {"start": "00:13:24", "end": "00:13:29", "text": "You see, time flies. Then bum Q4, then"}, {"start": "00:13:26", "end": "00:13:31", "text": "bomb the bottom, bum Valhalla, 2027, go"}, {"start": "00:13:29", "end": "00:13:33", "text": "to alltime high. Bitcoin 500K, 600K,"}, {"start": "00:13:31", "end": "00:13:36", "text": "bum, bum, bum, bum, bum. All coins go"}, {"start": "00:13:33", "end": "00:13:38", "text": "parabolic. I mean, it's time flies. Time"}, {"start": "00:13:36", "end": "00:13:40", "text": "really, really flies. Subscribe if you"}, {"start": "00:13:38", "end": "00:13:41", "text": "have not yet. Do we have any new"}, {"start": "00:13:40", "end": "00:13:43", "text": "viewers? I mean, normally in this time"}, {"start": "00:13:41", "end": "00:13:44", "text": "there are not many few viewers. I mean,"}, {"start": "00:13:43", "end": "00:13:46", "text": "guys, if you're here, you're here for,"}, {"start": "00:13:44", "end": "00:13:48", "text": "you know, since stone age. You're here"}, {"start": "00:13:46", "end": "00:13:51", "text": "for since the last bull. [laughter]"}, {"start": "00:13:48", "end": "00:13:53", "text": "But if you happen to be new, which uh"}, {"start": "00:13:51", "end": "00:13:54", "text": "crypto guys, crypto is not popular now."}, {"start": "00:13:53", "end": "00:13:57", "text": "It's we're not popular, which is"}, {"start": "00:13:54", "end": "00:14:00", "text": "opportunist, which is good. It's good."}, {"start": "00:13:57", "end": "00:14:02", "text": "As always, go use bullman.com/partners"}, {"start": "00:14:00", "end": "00:14:05", "text": "to get access to buy bit, bionex, the"}, {"start": "00:14:02", "end": "00:14:08", "text": "big fat deals right here. Big fat deals,"}, {"start": "00:14:05", "end": "00:14:09", "text": "big fat signup bonus. And also here, I"}, {"start": "00:14:08", "end": "00:14:11", "text": "put the bullmania newsletter. If you go"}, {"start": "00:14:09", "end": "00:14:13", "text": "to bull.com/partners, you can also"}, {"start": "00:14:11", "end": "00:14:15", "text": "subscribe to the newsletter here, which"}, {"start": "00:14:13", "end": "00:14:17", "text": "you should do. Basically, free alpha. I"}, {"start": "00:14:15", "end": "00:14:19", "text": "send you a few times per week free"}, {"start": "00:14:17", "end": "00:14:21", "text": "alpha. It's a very very short email. I"}, {"start": "00:14:19", "end": "00:14:23", "text": "mean literally you can read it in 30"}, {"start": "00:14:21", "end": "00:14:26", "text": "seconds. But the al it's alpha dense"}, {"start": "00:14:23", "end": "00:14:27", "text": "analyzing bitcoin alpha dense. No spam."}, {"start": "00:14:26", "end": "00:14:29", "text": "No spam. I mean all you guys who are"}, {"start": "00:14:27", "end": "00:14:31", "text": "receiving the newsletter you can confirm"}, {"start": "00:14:29", "end": "00:14:34", "text": "that it's uh really alpha dense. You"}, {"start": "00:14:31", "end": "00:14:35", "text": "read it in 30 seconds. You get reminded"}, {"start": "00:14:34", "end": "00:14:36", "text": "where we are in the market. You"}, {"start": "00:14:35", "end": "00:14:39", "text": "understand where we're heading. It gives"}, {"start": "00:14:36", "end": "00:14:41", "text": "you nice overview. I it's fantastic."}, {"start": "00:14:39", "end": "00:14:43", "text": "It's fantastic. It's it's very important"}, {"start": "00:14:41", "end": "00:14:45", "text": "actually that you join because of course"}, {"start": "00:14:43", "end": "00:14:47", "text": "you cannot be watching you know one hour"}, {"start": "00:14:45", "end": "00:14:49", "text": "per day every day. Although many of you"}, {"start": "00:14:47", "end": "00:14:51", "text": "guys do that and many of you guys"}, {"start": "00:14:49", "end": "00:14:53", "text": "complain as soon as I am away one day"}, {"start": "00:14:51", "end": "00:14:55", "text": "Ivan where is where is live stream I I"}, {"start": "00:14:53", "end": "00:14:56", "text": "need to go to work I usually listen big"}, {"start": "00:14:55", "end": "00:14:58", "text": "shout out [laughter and gasps] but here"}, {"start": "00:14:56", "end": "00:15:01", "text": "is basic know every a few times per week"}, {"start": "00:14:58", "end": "00:15:04", "text": "you get this newsletter it's so nice"}, {"start": "00:15:01", "end": "00:15:06", "text": "very very nice no spam very nice"}, {"start": "00:15:04", "end": "00:15:08", "text": "newsletter go to bull.com/partners"}, {"start": "00:15:06", "end": "00:15:11", "text": "number one sign up for the free"}, {"start": "00:15:08", "end": "00:15:13", "text": "newsletter get the market analysis alpha"}, {"start": "00:15:11", "end": "00:15:15", "text": "number two by bit boop you get nice iron"}, {"start": "00:15:13", "end": "00:15:17", "text": "bonus pionx boop you get nice iron bonus"}, {"start": "00:15:15", "end": "00:15:20", "text": "and you watch tutorial for how to use"}, {"start": "00:15:17", "end": "00:15:23", "text": "the bots, Bionics bots, etc., etc., etc."}, {"start": "00:15:20", "end": "00:15:25", "text": "Uh, Tom Lee is asking, \"Have you ranted"}, {"start": "00:15:23", "end": "00:15:28", "text": "about ETH copying UTXO?\" You see, you"}, {"start": "00:15:25", "end": "00:15:30", "text": "did not watch yesterday streams. You You"}, {"start": "00:15:28", "end": "00:15:32", "text": "did not watch the yesterday's stream."}, {"start": "00:15:30", "end": "00:15:34", "text": "You did not watch the yesterday stream."}, {"start": "00:15:32", "end": "00:15:36", "text": "Not streams stream because it was one"}, {"start": "00:15:34", "end": "00:15:38", "text": "stream yesterday. See, I see already you"}, {"start": "00:15:36", "end": "00:15:40", "text": "missed it. You You come here, you"}, {"start": "00:15:38", "end": "00:15:42", "text": "disrespect me. You say that you did not"}, {"start": "00:15:40", "end": "00:15:43", "text": "watch. Why you didn't watch yesterday?"}, {"start": "00:15:42", "end": "00:15:45", "text": "Please explain yourself, Tommy. Why you"}, {"start": "00:15:43", "end": "00:15:47", "text": "didn't watch yesterday? We had a whole"}, {"start": "00:15:45", "end": "00:15:48", "text": "section on it yesterday. But you just"}, {"start": "00:15:47", "end": "00:15:52", "text": "you missed it or what? What's your"}, {"start": "00:15:48", "end": "00:15:54", "text": "what's your excuse? What's your"}, {"start": "00:15:52", "end": "00:15:56", "text": "reason for missing the class to"}, {"start": "00:15:54", "end": "00:15:58", "text": "yesterday? It was the same time as"}, {"start": "00:15:56", "end": "00:16:01", "text": "always. [laughter] Anyway, so yesterday"}, {"start": "00:15:58", "end": "00:16:03", "text": "we did discuss UTXO. UXO on ETH. We did"}, {"start": "00:16:01", "end": "00:16:04", "text": "discuss it. Go watch it. I explained the"}, {"start": "00:16:03", "end": "00:16:06", "text": "tech. I explained to you the state. I"}, {"start": "00:16:04", "end": "00:16:07", "text": "explained to you how it works. I"}, {"start": "00:16:06", "end": "00:16:09", "text": "explained everything. Everything"}, {"start": "00:16:07", "end": "00:16:11", "text": "yesterday. So, uh that's that. Moving"}, {"start": "00:16:09", "end": "00:16:12", "text": "on. Uh let's see if we bring back the"}, {"start": "00:16:11", "end": "00:16:14", "text": "meme season. Overall guys, I think it's"}, {"start": "00:16:12", "end": "00:16:15", "text": "a bit early, you know, whether we're"}, {"start": "00:16:14", "end": "00:16:17", "text": "going to bring back the meme season."}, {"start": "00:16:15", "end": "00:16:19", "text": "It's a bit early, you know. Anom is"}, {"start": "00:16:17", "end": "00:16:20", "text": "trying. Robin Hood trying. It's It's a"}, {"start": "00:16:19", "end": "00:16:23", "text": "bit too early, guys. And And Salan is"}, {"start": "00:16:20", "end": "00:16:25", "text": "going to go to 30. [laughter]"}, {"start": "00:16:23", "end": "00:16:28", "text": "It's classic, guys. It's classic. It"}, {"start": "00:16:25", "end": "00:16:29", "text": "dumped it. Retested retested the support"}, {"start": "00:16:28", "end": "00:16:32", "text": "[gasps]"}, {"start": "00:16:29", "end": "00:16:34", "text": "now going down. Classic. My textbook"}, {"start": "00:16:32", "end": "00:16:36", "text": "textbook textbook. But people don't want"}, {"start": "00:16:34", "end": "00:16:38", "text": "to hear like Sana is back. Sana is back."}, {"start": "00:16:36", "end": "00:16:40", "text": "What do you mean is this back? It's just"}, {"start": "00:16:38", "end": "00:16:42", "text": "retesting. It's retesting the support"}, {"start": "00:16:40", "end": "00:16:45", "text": "which is now resistance. It's"}, {"start": "00:16:42", "end": "00:16:47", "text": "resistance. [gasps] I mean, oh, it's"}, {"start": "00:16:45", "end": "00:16:49", "text": "back. It's back, man. You"}, {"start": "00:16:47", "end": "00:16:51", "text": "It blows my mind. You know the stats."}, {"start": "00:16:49", "end": "00:16:54", "text": "There are the stats going around that"}, {"start": "00:16:51", "end": "00:16:57", "text": "80% of traders lose money. You know the"}, {"start": "00:16:54", "end": "00:16:59", "text": "stat. This very famous stat. But you"}, {"start": "00:16:57", "end": "00:17:01", "text": "know who do they look at? Do they look"}, {"start": "00:16:59", "end": "00:17:04", "text": "at actual traders or look at pleba who"}, {"start": "00:17:01", "end": "00:17:08", "text": "misunderstands what trading is? It's"}, {"start": "00:17:04", "end": "00:17:10", "text": "very normal to have support. You break"}, {"start": "00:17:08", "end": "00:17:13", "text": "support and then you test it as"}, {"start": "00:17:10", "end": "00:17:15", "text": "resistance. It is [sighs and gasps]"}, {"start": "00:17:13", "end": "00:17:18", "text": "as old as Archimedes. You remember"}, {"start": "00:17:15", "end": "00:17:20", "text": "Archimedes? He put himself in the"}, {"start": "00:17:18", "end": "00:17:23", "text": "bathtub. Water went up. He was like,"}, {"start": "00:17:20", "end": "00:17:25", "text": "\"Holy crap, I displaced water.\" This was"}, {"start": "00:17:23", "end": "00:17:28", "text": "how many thousands years ago? The"}, {"start": "00:17:25", "end": "00:17:31", "text": "support and resistance and testing the"}, {"start": "00:17:28", "end": "00:17:35", "text": "support which is now resistance. It's as"}, {"start": "00:17:31", "end": "00:17:36", "text": "old as that. It's as old as that. And by"}, {"start": "00:17:35", "end": "00:17:39", "text": "the way guys, [gasps]"}, {"start": "00:17:36", "end": "00:17:41", "text": "I I wish I was born 2,000 years ago."}, {"start": "00:17:39", "end": "00:17:43", "text": "Man, I could have invented all kind of"}, {"start": "00:17:41", "end": "00:17:44", "text": "stuff because even when I was like three"}, {"start": "00:17:43", "end": "00:17:46", "text": "years old, I also understood that when"}, {"start": "00:17:44", "end": "00:17:48", "text": "you put yourself in the bathtub, the"}, {"start": "00:17:46", "end": "00:17:51", "text": "water will go up because you take space"}, {"start": "00:17:48", "end": "00:17:55", "text": "in the bathtub. Archimedes, he got"}, {"start": "00:17:51", "end": "00:17:58", "text": "remembered for this Eureka Erica Eureka."}, {"start": "00:17:55", "end": "00:18:01", "text": "Okay, bro. I also knew how old was was"}, {"start": "00:17:58", "end": "00:18:02", "text": "he when he discovered that. I I swear I"}, {"start": "00:18:01", "end": "00:18:07", "text": "was three years old. I also understood"}, {"start": "00:18:02", "end": "00:18:09", "text": "if I put my donut in the bathtub"}, {"start": "00:18:07", "end": "00:18:11", "text": "the the water level will go up because I"}, {"start": "00:18:09", "end": "00:18:15", "text": "take space in it. I mean I literally"}, {"start": "00:18:11", "end": "00:18:15", "text": "intuitively knew it. Okay. [laughter]"}, {"start": "00:18:16", "end": "00:18:20", "text": "Making all of these discoveries 2,000"}, {"start": "00:18:18", "end": "00:18:22", "text": "years ago. It was the heyday. It was the"}, {"start": "00:18:20", "end": "00:18:25", "text": "heyday of discovery. It was amazing."}, {"start": "00:18:22", "end": "00:18:26", "text": "Amazing. Now anime is saying trenches"}, {"start": "00:18:25", "end": "00:18:27", "text": "are back again. I think it's too early"}, {"start": "00:18:26", "end": "00:18:28", "text": "guys. I don't think they're back. I"}, {"start": "00:18:27", "end": "00:18:30", "text": "don't think I mean they're a bit back."}, {"start": "00:18:28", "end": "00:18:31", "text": "They're slightly back, but you know, are"}, {"start": "00:18:30", "end": "00:18:34", "text": "they really trenches are really back?"}, {"start": "00:18:31", "end": "00:18:36", "text": "You have Anamcoin"}, {"start": "00:18:34", "end": "00:18:40", "text": "uh which which hangs on him tweeting"}, {"start": "00:18:36", "end": "00:18:42", "text": "every day. And then you have um Robin"}, {"start": "00:18:40", "end": "00:18:44", "text": "Hood, but yeah, it's like super. So,"}, {"start": "00:18:42", "end": "00:18:45", "text": "they're not back yet. It's too early. I"}, {"start": "00:18:44", "end": "00:18:48", "text": "mean, one of the things people make the"}, {"start": "00:18:45", "end": "00:18:50", "text": "mistake is becoming bull too early. It's"}, {"start": "00:18:48", "end": "00:18:53", "text": "it's not it's not time yet. When Solana"}, {"start": "00:18:50", "end": "00:18:55", "text": "is bull on the money line, okay,"}, {"start": "00:18:53", "end": "00:18:57", "text": "trenches are back. When Sana is at 30,"}, {"start": "00:18:55", "end": "00:18:58", "text": "okay, trenches are back. Either those"}, {"start": "00:18:57", "end": "00:19:00", "text": "two either those two then I also going"}, {"start": "00:18:58", "end": "00:19:01", "text": "to say trench back now they're not bad"}, {"start": "00:19:00", "end": "00:19:03", "text": "guys they're they're not in this room"}, {"start": "00:19:01", "end": "00:19:04", "text": "with us they're not here he's also"}, {"start": "00:19:03", "end": "00:19:06", "text": "saying [gasps]"}, {"start": "00:19:04", "end": "00:19:08", "text": "all I know is generational wealth will"}, {"start": "00:19:06", "end": "00:19:11", "text": "be made on chain over the next few"}, {"start": "00:19:08", "end": "00:19:13", "text": "months this I can agree with [snorts]"}, {"start": "00:19:11", "end": "00:19:14", "text": "this yes as we enter Q4 is going to be"}, {"start": "00:19:13", "end": "00:19:16", "text": "fantastic don't think there ever was a"}, {"start": "00:19:14", "end": "00:19:17", "text": "better opportunity for crypto to show"}, {"start": "00:19:16", "end": "00:19:19", "text": "relative strength while people are"}, {"start": "00:19:17", "end": "00:19:22", "text": "taking profits on as stock names that"}, {"start": "00:19:19", "end": "00:19:23", "text": "are up 50x over the past year fully"}, {"start": "00:19:22", "end": "00:19:25", "text": "agree [snorts]"}, {"start": "00:19:23", "end": "00:19:27", "text": "this one I also fully agree uh"}, {"start": "00:19:25", "end": "00:19:29", "text": "hyperlquid lighter alltime high price"}, {"start": "00:19:27", "end": "00:19:31", "text": "discovery great start onchain metrics"}, {"start": "00:19:29", "end": "00:19:34", "text": "alltime high great sign yeah great sign"}, {"start": "00:19:31", "end": "00:19:38", "text": "but take it easy a bit too early a bit"}, {"start": "00:19:34", "end": "00:19:40", "text": "too early now uh here's one guy who"}, {"start": "00:19:38", "end": "00:19:43", "text": "bought this cards you guys remember this"}, {"start": "00:19:40", "end": "00:19:46", "text": "you know cards coin it was big like two"}, {"start": "00:19:43", "end": "00:19:47", "text": "weeks ago and he's saying what the f"}, {"start": "00:19:46", "end": "00:19:50", "text": "happened I bought the dip and it kept"}, {"start": "00:19:47", "end": "00:19:52", "text": "dipping and again it's all about the"}, {"start": "00:19:50", "end": "00:19:53", "text": "trend guys all about the trend you I"}, {"start": "00:19:52", "end": "00:19:55", "text": "mean if you watch this channel you know"}, {"start": "00:19:53", "end": "00:19:58", "text": "but the average player"}, {"start": "00:19:55", "end": "00:20:00", "text": "This DY guy is he average player? Why he"}, {"start": "00:19:58", "end": "00:20:02", "text": "has so many followers? Because he"}, {"start": "00:20:00", "end": "00:20:05", "text": "doesn't know the simplest thing that if"}, {"start": "00:20:02", "end": "00:20:06", "text": "you buy a bare trend, the dip will keep"}, {"start": "00:20:05", "end": "00:20:07", "text": "dipping. Why he has so many subscribers?"}, {"start": "00:20:06", "end": "00:20:09", "text": "It's crazy. I mean, some people have so"}, {"start": "00:20:07", "end": "00:20:10", "text": "many subscribers. You're like, man, how"}, {"start": "00:20:09", "end": "00:20:13", "text": "you got them? How [laughter] you got"}, {"start": "00:20:10", "end": "00:20:15", "text": "them? How you got them? Because I don't"}, {"start": "00:20:13", "end": "00:20:17", "text": "understand how you even navigate the"}, {"start": "00:20:15", "end": "00:20:19", "text": "market. I don't understand how you"}, {"start": "00:20:17", "end": "00:20:21", "text": "survive one day without getting wrecked."}, {"start": "00:20:19", "end": "00:20:23", "text": "Maybe you got lucky. Maybe something"}, {"start": "00:20:21", "end": "00:20:24", "text": "happened in the past. You got lucky. you"}, {"start": "00:20:23", "end": "00:20:26", "text": "got some follower but you know"}, {"start": "00:20:24", "end": "00:20:28", "text": "something. Yeah, it's bare market by"}, {"start": "00:20:26", "end": "00:20:29", "text": "this. Big shout I'm sure I'm joking a"}, {"start": "00:20:28", "end": "00:20:32", "text": "bit. I don't even know but big shout"}, {"start": "00:20:29", "end": "00:20:34", "text": "out. Big shout"}, {"start": "00:20:32", "end": "00:20:36", "text": "big shout out. Now guys, moving on. We"}, {"start": "00:20:34", "end": "00:20:40", "text": "have some news from Zcash."}, {"start": "00:20:36", "end": "00:20:45", "text": "Zash new iron iron wood iron wood iron"}, {"start": "00:20:40", "end": "00:20:50", "text": "woodp is being formally verified to rule"}, {"start": "00:20:45", "end": "00:20:52", "text": "out all undetectable counterfeing bugs"}, {"start": "00:20:50", "end": "00:20:54", "text": "up to the underlying cryp cryptographic"}, {"start": "00:20:52", "end": "00:20:58", "text": "assumption. So this is very important."}, {"start": "00:20:54", "end": "00:21:03", "text": "They basically have formal verification"}, {"start": "00:20:58", "end": "00:21:04", "text": "that no new Zcash can be created in"}, {"start": "00:21:03", "end": "00:21:06", "text": "their upgrade because you remember a few"}, {"start": "00:21:04", "end": "00:21:09", "text": "weeks ago, maybe a month ago, there was"}, {"start": "00:21:06", "end": "00:21:13", "text": "this drama that potentially there was a"}, {"start": "00:21:09", "end": "00:21:16", "text": "counterfeited Zcash created in the old"}, {"start": "00:21:13", "end": "00:21:17", "text": "pool. So the way you can use Zcash in a"}, {"start": "00:21:16", "end": "00:21:19", "text": "confidential way or not confidential"}, {"start": "00:21:17", "end": "00:21:22", "text": "way. When you use it in confidential"}, {"start": "00:21:19", "end": "00:21:24", "text": "way, it enters a so-called pool. The old"}, {"start": "00:21:22", "end": "00:21:26", "text": "pool had a problem because it's"}, {"start": "00:21:24", "end": "00:21:28", "text": "confidential, but there was a bug where"}, {"start": "00:21:26", "end": "00:21:31", "text": "people could create new Zcash. It's"}, {"start": "00:21:28", "end": "00:21:34", "text": "unknown whether that bug was exploited"}, {"start": "00:21:31", "end": "00:21:37", "text": "because it's all confidential. But they"}, {"start": "00:21:34", "end": "00:21:39", "text": "fixed it by basically freezing that pool"}, {"start": "00:21:37", "end": "00:21:41", "text": "and letting everyone migrate to the new"}, {"start": "00:21:39", "end": "00:21:42", "text": "pool, the so-called Ironwood pool. So,"}, {"start": "00:21:41", "end": "00:21:44", "text": "if some kind of coins were"}, {"start": "00:21:42", "end": "00:21:48", "text": "counterfeited, like created out of thin"}, {"start": "00:21:44", "end": "00:21:49", "text": "air, they would be detected upon the"}, {"start": "00:21:48", "end": "00:21:51", "text": "migration to the new pool and the old"}, {"start": "00:21:49", "end": "00:21:53", "text": "pool basically got frozen. you can only"}, {"start": "00:21:51", "end": "00:21:56", "text": "migrate to the new pool and so only"}, {"start": "00:21:53", "end": "00:21:58", "text": "legit coins could be taken out and uh"}, {"start": "00:21:56", "end": "00:22:00", "text": "and be migrated to a new version and the"}, {"start": "00:21:58", "end": "00:22:02", "text": "new pool now they've said that it's"}, {"start": "00:22:00", "end": "00:22:04", "text": "formally verified you can verify"}, {"start": "00:22:02", "end": "00:22:06", "text": "yourself mathematically"}, {"start": "00:22:04", "end": "00:22:08", "text": "uh this makes undetectable country bugs"}, {"start": "00:22:06", "end": "00:22:09", "text": "in Zcash mathematically impossible going"}, {"start": "00:22:08", "end": "00:22:12", "text": "forward this was the biggest trade-off"}, {"start": "00:22:09", "end": "00:22:15", "text": "in private money before and Zcash has"}, {"start": "00:22:12", "end": "00:22:18", "text": "solved it interesting interesting so the"}, {"start": "00:22:15", "end": "00:22:20", "text": "fad about Zcash uh you know coins out of"}, {"start": "00:22:18", "end": "00:22:22", "text": "thin air is resolved is my It's"}, {"start": "00:22:20", "end": "00:22:23", "text": "mathematically resolved now. It's"}, {"start": "00:22:22", "end": "00:22:27", "text": "resolved. Now looking at the chart,"}, {"start": "00:22:23", "end": "00:22:29", "text": "let's see as the trend loads. Where is"}, {"start": "00:22:27", "end": "00:22:31", "text": "the trend?"}, {"start": "00:22:29", "end": "00:22:33", "text": "Sometimes trading you a bit slow. It's a"}, {"start": "00:22:31", "end": "00:22:35", "text": "it's bare trend. Uh looking at daily"}, {"start": "00:22:33", "end": "00:22:37", "text": "because see it's quite high to go to"}, {"start": "00:22:35", "end": "00:22:40", "text": "bull here. Looking at let's check daily."}, {"start": "00:22:37", "end": "00:22:42", "text": "Daily we are also bare trend. Uh but"}, {"start": "00:22:40", "end": "00:22:44", "text": "yeah as it comes back here towards this"}, {"start": "00:22:42", "end": "00:22:47", "text": "levels starts entering bullish trends."}, {"start": "00:22:44", "end": "00:22:49", "text": "If you are more eager you can even go to"}, {"start": "00:22:47", "end": "00:22:50", "text": "hourly. Let's see here. is actually now"}, {"start": "00:22:49", "end": "00:22:52", "text": "bull trend potentially now going to be"}, {"start": "00:22:50", "end": "00:22:53", "text": "bare trend so be careful uh but you know"}, {"start": "00:22:52", "end": "00:22:55", "text": "trading across different time frames"}, {"start": "00:22:53", "end": "00:22:58", "text": "what whatever time frame you are most"}, {"start": "00:22:55", "end": "00:23:00", "text": "comfortable with just know that in the"}, {"start": "00:22:58", "end": "00:23:02", "text": "next bull this question whether there"}, {"start": "00:23:00", "end": "00:23:03", "text": "are counterfeit Zcash or no is not going"}, {"start": "00:23:02", "end": "00:23:07", "text": "to be a question it's not going to be a"}, {"start": "00:23:03", "end": "00:23:09", "text": "question uh ideally ideally we need the"}, {"start": "00:23:07", "end": "00:23:11", "text": "Bitcoin bullish then it's a long time"}, {"start": "00:23:09", "end": "00:23:13", "text": "all the shitcoins to Valhalla including"}, {"start": "00:23:11", "end": "00:23:15", "text": "Zcash because it's yeah the the"}, {"start": "00:23:13", "end": "00:23:18", "text": "counterfeing problem is is not a problem"}, {"start": "00:23:15", "end": "00:23:21", "text": "anymore um look here pancake swap"}, {"start": "00:23:18", "end": "00:23:23", "text": "listing all kinds of uh uh stocks,"}, {"start": "00:23:21", "end": "00:23:27", "text": "Alphabet, Qualcomm, Coinbase. If you use"}, {"start": "00:23:23", "end": "00:23:29", "text": "Pancake Swap, BNB chain uh I don't use"}, {"start": "00:23:27", "end": "00:23:32", "text": "it myself that much right now. What is"}, {"start": "00:23:29", "end": "00:23:35", "text": "this 62? Oh man, what is this? No one"}, {"start": "00:23:32", "end": "00:23:36", "text": "even likes Pancake Swap. Like their post"}, {"start": "00:23:35", "end": "00:23:39", "text": "their post. What What happened to"}, {"start": "00:23:36", "end": "00:23:41", "text": "Binance chain? What happened? Was it the"}, {"start": "00:23:39", "end": "00:23:43", "text": "regulators that told them to take it"}, {"start": "00:23:41", "end": "00:23:45", "text": "easy with the chain or they kind of gave"}, {"start": "00:23:43", "end": "00:23:47", "text": "up on it? You remember in 2020 Binance"}, {"start": "00:23:45", "end": "00:23:49", "text": "chain, man, it was so big. Everything"}, {"start": "00:23:47", "end": "00:23:51", "text": "was on Binance chain or stable coins you"}, {"start": "00:23:49", "end": "00:23:54", "text": "you know everything memes everything"}, {"start": "00:23:51", "end": "00:23:55", "text": "there was so much on Binance chain now"}, {"start": "00:23:54", "end": "00:23:59", "text": "uh I don't know what happened guys I"}, {"start": "00:23:55", "end": "00:24:01", "text": "don't know what happened um it's uh it's"}, {"start": "00:23:59", "end": "00:24:03", "text": "dead it's it's a ghost town they did a"}, {"start": "00:24:01", "end": "00:24:07", "text": "few of these copies of hyperlquid and"}, {"start": "00:24:03", "end": "00:24:10", "text": "other stuff but yeah pump fun dumping"}, {"start": "00:24:07", "end": "00:24:15", "text": "Sana because they know"}, {"start": "00:24:10", "end": "00:24:19", "text": "that if we don't go bull trend it will"}, {"start": "00:24:15", "end": "00:24:21", "text": "go to $30."}, {"start": "00:24:19", "end": "00:24:23", "text": "They probably know what to be fair. They"}, {"start": "00:24:21", "end": "00:24:28", "text": "always dumping. They always dump. In"}, {"start": "00:24:23", "end": "00:24:30", "text": "total, Pam Pump Fun has sold 794 million"}, {"start": "00:24:28", "end": "00:24:32", "text": "at an average price of 170. So, you"}, {"start": "00:24:30", "end": "00:24:35", "text": "know, they know they know when to exit."}, {"start": "00:24:32", "end": "00:24:36", "text": "They know when to exit. They they they"}, {"start": "00:24:35", "end": "00:24:38", "text": "know the trend, guys. They know the"}, {"start": "00:24:36", "end": "00:24:40", "text": "trend. They know when to exit. When soul"}, {"start": "00:24:38", "end": "00:24:41", "text": "was super, you know, bullish and high,"}, {"start": "00:24:40", "end": "00:24:43", "text": "they huddle huddle huddle. As soon as"}, {"start": "00:24:41", "end": "00:24:47", "text": "it's Brendan, dump dum dum. Average"}, {"start": "00:24:43", "end": "00:24:52", "text": "price 170. I mean, not bad. Not bad."}, {"start": "00:24:47", "end": "00:24:56", "text": "Uh, let's see here. Kraken. Kraken. Oh,"}, {"start": "00:24:52", "end": "00:25:00", "text": "this is good. Kraken got an award, $22"}, {"start": "00:24:56", "end": "00:25:03", "text": "million award, which is great award. Uh"}, {"start": "00:25:00", "end": "00:25:05", "text": "from Delaware Court of Chanceri. Let me"}, {"start": "00:25:03", "end": "00:25:07", "text": "know if you are there somewhere."}, {"start": "00:25:05", "end": "00:25:08", "text": "Chanceri, is that how you pronounce it?"}, {"start": "00:25:07", "end": "00:25:12", "text": "Basically, it's competent compensation"}, {"start": "00:25:08", "end": "00:25:14", "text": "for financial harm inflicted"}, {"start": "00:25:12", "end": "00:25:16", "text": "by the coordinated campaign to cut"}, {"start": "00:25:14", "end": "00:25:18", "text": "crypto off from banking, auditors and"}, {"start": "00:25:16", "end": "00:25:20", "text": "other essential services. Very"}, {"start": "00:25:18", "end": "00:25:23", "text": "important. It's good that rule of law is"}, {"start": "00:25:20", "end": "00:25:25", "text": "coming back uh because you know just a"}, {"start": "00:25:23", "end": "00:25:27", "text": "few years ago with Biden administration"}, {"start": "00:25:25", "end": "00:25:29", "text": "was very bad. I mean just getting a bank"}, {"start": "00:25:27", "end": "00:25:31", "text": "account if you are crypto was very hard."}, {"start": "00:25:29", "end": "00:25:35", "text": "Getting access to auditor was very bad."}, {"start": "00:25:31", "end": "00:25:37", "text": "I mean, I remember PWC, they did some"}, {"start": "00:25:35", "end": "00:25:40", "text": "kind of a tantrum. They got a tantrum"}, {"start": "00:25:37", "end": "00:25:43", "text": "and they just offboarded all crypto"}, {"start": "00:25:40", "end": "00:25:45", "text": "clients. This was after FTX. After FTX,"}, {"start": "00:25:43", "end": "00:25:46", "text": "they just offboarded. They got a bit of"}, {"start": "00:25:45", "end": "00:25:49", "text": "a tantrum. I don't know what the hell"}, {"start": "00:25:46", "end": "00:25:50", "text": "they had. Some issue with the brain. A"}, {"start": "00:25:49", "end": "00:25:52", "text": "bit of a tantrum. They overboarded"}, {"start": "00:25:50", "end": "00:25:55", "text": "everyone. Now, probably they're"}, {"start": "00:25:52", "end": "00:25:56", "text": "onboarding again. Okay. So, now Kraken"}, {"start": "00:25:55", "end": "00:26:00", "text": "is getting compensated. Very good. Very"}, {"start": "00:25:56", "end": "00:26:02", "text": "good. Also here, SEC to release uh"}, {"start": "00:26:00", "end": "00:26:03", "text": "proposed crypto safe harbor rules in"}, {"start": "00:26:02", "end": "00:26:06", "text": "July. This one is very interesting."}, {"start": "00:26:03", "end": "00:26:09", "text": "Basically, a way to know for sure that"}, {"start": "00:26:06", "end": "00:26:12", "text": "you're not going to have"}, {"start": "00:26:09", "end": "00:26:15", "text": "uh any trouble with the SEC if you"}, {"start": "00:26:12", "end": "00:26:17", "text": "follow clear rules, which is what it"}, {"start": "00:26:15", "end": "00:26:18", "text": "should have always been. Uh but you"}, {"start": "00:26:17", "end": "00:26:20", "text": "know, again, with the Biden"}, {"start": "00:26:18", "end": "00:26:22", "text": "administration, it was very bad. Again,"}, {"start": "00:26:20", "end": "00:26:23", "text": "we're not a political channel, but when"}, {"start": "00:26:22", "end": "00:26:25", "text": "something is clearly super bad for"}, {"start": "00:26:23", "end": "00:26:28", "text": "crypto, we need to be upfront with it."}, {"start": "00:26:25", "end": "00:26:30", "text": "The last administration was super bad"}, {"start": "00:26:28", "end": "00:26:32", "text": "for crypto and not only crypto, also AI,"}, {"start": "00:26:30", "end": "00:26:35", "text": "also tech. I don't understand why they"}, {"start": "00:26:32", "end": "00:26:38", "text": "made such political decision. Uh because"}, {"start": "00:26:35", "end": "00:26:41", "text": "it was basically anti- tech, anti-"}, {"start": "00:26:38", "end": "00:26:43", "text": "startup, anti- most things that we care"}, {"start": "00:26:41", "end": "00:26:44", "text": "about, okay? Uh we're not political"}, {"start": "00:26:43", "end": "00:26:46", "text": "channel, but it is what it is. Now"}, {"start": "00:26:44", "end": "00:26:48", "text": "they're pro. From what I've heard, now"}, {"start": "00:26:46", "end": "00:26:50", "text": "they're pro. They're pro crypto now,"}, {"start": "00:26:48", "end": "00:26:52", "text": "which is good. Which is good. But the"}, {"start": "00:26:50", "end": "00:26:55", "text": "last administration was crazy, man. The"}, {"start": "00:26:52", "end": "00:26:57", "text": "SEC said Tuesday it will uh introduce it"}, {"start": "00:26:55", "end": "00:26:59", "text": "long awaited crypto rulemaking as soon"}, {"start": "00:26:57", "end": "00:27:02", "text": "as this month, bring the agency a step"}, {"start": "00:26:59", "end": "00:27:04", "text": "closer to establishing a regulatory safe"}, {"start": "00:27:02", "end": "00:27:07", "text": "harbor for certain crypto activities in"}, {"start": "00:27:04", "end": "00:27:10", "text": "the US. An update SE agenda for 2026 has"}, {"start": "00:27:07", "end": "00:27:12", "text": "the rule pencled pencileled in for a"}, {"start": "00:27:10", "end": "00:27:14", "text": "potential July release. But so what's"}, {"start": "00:27:12", "end": "00:27:16", "text": "going to be exactly? [gasps] to deliver"}, {"start": "00:27:14", "end": "00:27:18", "text": "on President Trump's goal to ensure that"}, {"start": "00:27:16", "end": "00:27:19", "text": "the US is the crypto capital of the"}, {"start": "00:27:18", "end": "00:27:21", "text": "world. We are embracing innovation to"}, {"start": "00:27:19", "end": "00:27:24", "text": "bring more products on shore creating"}, {"start": "00:27:21", "end": "00:27:26", "text": "clear rules and good good."}, {"start": "00:27:24", "end": "00:27:28", "text": "Uh, I don't know exactly what the rules"}, {"start": "00:27:26", "end": "00:27:29", "text": "are going to be, but I hope it is."}, {"start": "00:27:28", "end": "00:27:31", "text": "Listen, if you do a memecoin, not a"}, {"start": "00:27:29", "end": "00:27:33", "text": "security, we we won't even bother. That"}, {"start": "00:27:31", "end": "00:27:36", "text": "would be fantastic. For example, or you"}, {"start": "00:27:33", "end": "00:27:38", "text": "do this coin with revenue share, we"}, {"start": "00:27:36", "end": "00:27:41", "text": "don't care the revenue share. It's not a"}, {"start": "00:27:38", "end": "00:27:43", "text": "security. Fantastic. Fantastic. Or if"}, {"start": "00:27:41", "end": "00:27:45", "text": "they care, they say exactly what to do."}, {"start": "00:27:43", "end": "00:27:48", "text": "Okay, come to us and register. You know,"}, {"start": "00:27:45", "end": "00:27:51", "text": "before when Gary Gensler said, \"Come and"}, {"start": "00:27:48", "end": "00:27:54", "text": "register,\" it meant come, tell me what"}, {"start": "00:27:51", "end": "00:27:56", "text": "you do. Tell me what you do or tell me"}, {"start": "00:27:54", "end": "00:27:59", "text": "everything you do. I will find the"}, {"start": "00:27:56", "end": "00:28:01", "text": "weakness. I will sue you. It wasn't a"}, {"start": "00:27:59", "end": "00:28:04", "text": "good faith common register. Common"}, {"start": "00:28:01", "end": "00:28:07", "text": "register was basically, hey, let me find"}, {"start": "00:28:04", "end": "00:28:09", "text": "some weakness in your structure that I"}, {"start": "00:28:07", "end": "00:28:11", "text": "can attack. That that that is what the"}, {"start": "00:28:09", "end": "00:28:13", "text": "common register meant. I think Brian"}, {"start": "00:28:11", "end": "00:28:14", "text": "Armstrong from Coinbase said that that"}, {"start": "00:28:13", "end": "00:28:16", "text": "you know you you come to him, you want"}, {"start": "00:28:14", "end": "00:28:18", "text": "to register, he sues you because now he"}, {"start": "00:28:16", "end": "00:28:20", "text": "he knows everything about you. He asks"}, {"start": "00:28:18", "end": "00:28:23", "text": "you a few questions, a few probing"}, {"start": "00:28:20", "end": "00:28:25", "text": "questions where he can sue you and then"}, {"start": "00:28:23", "end": "00:28:29", "text": "he's he gets full information about you"}, {"start": "00:28:25", "end": "00:28:32", "text": "that you just gave him and uh yeah next"}, {"start": "00:28:29", "end": "00:28:34", "text": "you're you're sued by the SEC. So a"}, {"start": "00:28:32", "end": "00:28:35", "text": "massive change massive change uh and"}, {"start": "00:28:34", "end": "00:28:37", "text": "this administration has delivered on"}, {"start": "00:28:35", "end": "00:28:40", "text": "that. I mean on the on the other hand we"}, {"start": "00:28:37", "end": "00:28:41", "text": "did see Trump extracting like um how"}, {"start": "00:28:40", "end": "00:28:43", "text": "many billion three billion from the"}, {"start": "00:28:41", "end": "00:28:46", "text": "Trump meme coins. There's a bit of pro"}, {"start": "00:28:43", "end": "00:28:48", "text": "and con, but to be fair, you yourself"}, {"start": "00:28:46", "end": "00:28:52", "text": "had to buy the Trumpcoin to get wrecked"}, {"start": "00:28:48", "end": "00:28:54", "text": "in it. Uh, and uh, you it's your demise"}, {"start": "00:28:52", "end": "00:28:55", "text": "is at your own making. You don't have"}, {"start": "00:28:54", "end": "00:28:58", "text": "bulmania. You don't know the bare trend."}, {"start": "00:28:55", "end": "00:29:00", "text": "You huddle in bare trend. So, I have a"}, {"start": "00:28:58", "end": "00:29:01", "text": "harder time feeling sorry for the Trump"}, {"start": "00:29:00", "end": "00:29:03", "text": "holders like to to weigh, you know,"}, {"start": "00:29:01", "end": "00:29:04", "text": "because it's pros and con. Everything is"}, {"start": "00:29:03", "end": "00:29:06", "text": "pros and cons. Trump administration is"}, {"start": "00:29:04", "end": "00:29:08", "text": "pros and con. Okay, people got wrecked"}, {"start": "00:29:06", "end": "00:29:11", "text": "in the memecoin, but I've been telling"}, {"start": "00:29:08", "end": "00:29:13", "text": "them about bull mania, about money line,"}, {"start": "00:29:11", "end": "00:29:14", "text": "about trends for so long that I'm not"}, {"start": "00:29:13", "end": "00:29:17", "text": "even sorry like how how much I should"}, {"start": "00:29:14", "end": "00:29:19", "text": "tell you guys. Don't hold in bare trend."}, {"start": "00:29:17", "end": "00:29:21", "text": "Get alert in money scanner in real time"}, {"start": "00:29:19", "end": "00:29:24", "text": "when it is bare trend in bull mania."}, {"start": "00:29:21", "end": "00:29:26", "text": "Okay, I've been telling you so long. So"}, {"start": "00:29:24", "end": "00:29:28", "text": "people get wrecked in Trump slow bleed."}, {"start": "00:29:26", "end": "00:29:30", "text": "It has been slow bleeding since like two"}, {"start": "00:29:28", "end": "00:29:32", "text": "years now or how many years. Okay, it's"}, {"start": "00:29:30", "end": "00:29:34", "text": "I mean you still hodddle it. It's your"}, {"start": "00:29:32", "end": "00:29:37", "text": "fault. I mean literally your fault. But"}, {"start": "00:29:34", "end": "00:29:39", "text": "the pro we get is a regulated easily"}, {"start": "00:29:37", "end": "00:29:41", "text": "regulated nice industry in the US for"}, {"start": "00:29:39", "end": "00:29:43", "text": "crypto. So I think I mean to me in my"}, {"start": "00:29:41", "end": "00:29:46", "text": "brain at least this is a net positive"}, {"start": "00:29:43", "end": "00:29:48", "text": "than a net negative. Okay. But yes if"}, {"start": "00:29:46", "end": "00:29:50", "text": "you huddle Trump you don't have"}, {"start": "00:29:48", "end": "00:29:52", "text": "mechanical rules very very bad. And as"}, {"start": "00:29:50", "end": "00:29:53", "text": "always if you're not part of Bulmania"}, {"start": "00:29:52", "end": "00:29:55", "text": "you don't have mechanical rules. Maybe"}, {"start": "00:29:53", "end": "00:29:57", "text": "you huddle Trump to zero. Go to"}, {"start": "00:29:55", "end": "00:29:59", "text": "bulmania.com watch the free video about"}, {"start": "00:29:57", "end": "00:30:00", "text": "the mechanical rules and then sign up"}, {"start": "00:29:59", "end": "00:30:02", "text": "for the weight list and we will be"}, {"start": "00:30:00", "end": "00:30:04", "text": "releasing new spots within the coming"}, {"start": "00:30:02", "end": "00:30:06", "text": "days. So here now it's impossible to"}, {"start": "00:30:04", "end": "00:30:08", "text": "join but within the coming days as we"}, {"start": "00:30:06", "end": "00:30:13", "text": "open up more spots you will get an email"}, {"start": "00:30:08", "end": "00:30:16", "text": "if you sign up. Uh now moving on uh some"}, {"start": "00:30:13", "end": "00:30:19", "text": "someone who is not getting too much help"}, {"start": "00:30:16", "end": "00:30:22", "text": "from Trump are all of these prediction"}, {"start": "00:30:19", "end": "00:30:24", "text": "markets they are somehow not vibing with"}, {"start": "00:30:22", "end": "00:30:26", "text": "Trump"}, {"start": "00:30:24", "end": "00:30:28", "text": "somehow because they they keep losing"}, {"start": "00:30:26", "end": "00:30:29", "text": "everywhere. They keep losing. They are"}, {"start": "00:30:28", "end": "00:30:30", "text": "under attack. They're under media"}, {"start": "00:30:29", "end": "00:30:32", "text": "attack. They're under government attack."}, {"start": "00:30:30", "end": "00:30:35", "text": "that are under everyone is like against"}, {"start": "00:30:32", "end": "00:30:37", "text": "this prediction markets which is"}, {"start": "00:30:35", "end": "00:30:39", "text": "interesting which is interesting because"}, {"start": "00:30:37", "end": "00:30:41", "text": "I would assume that people in power they"}, {"start": "00:30:39", "end": "00:30:43", "text": "they like prediction market they can do"}, {"start": "00:30:41", "end": "00:30:44", "text": "some you know they can do some stuff"}, {"start": "00:30:43", "end": "00:30:46", "text": "there on prediction market that they"}, {"start": "00:30:44", "end": "00:30:49", "text": "could not do before if you know what I"}, {"start": "00:30:46", "end": "00:30:52", "text": "mean you create a wallet you you do some"}, {"start": "00:30:49", "end": "00:30:55", "text": "stuff there a bit anonymous uh you say"}, {"start": "00:30:52", "end": "00:30:57", "text": "you have some information"}, {"start": "00:30:55", "end": "00:30:59", "text": "so they're getting hammered the"}, {"start": "00:30:57", "end": "00:31:02", "text": "prediction markets so calip well it's"}, {"start": "00:30:59", "end": "00:31:03", "text": "calip which is non crypto right I mean"}, {"start": "00:31:02", "end": "00:31:05", "text": "poly market we all know but kalia I"}, {"start": "00:31:03", "end": "00:31:06", "text": "haven't used calcia guys if you have"}, {"start": "00:31:05", "end": "00:31:10", "text": "used kalsha it's not crypto right so"}, {"start": "00:31:06", "end": "00:31:11", "text": "it's not even part of crypto"}, {"start": "00:31:10", "end": "00:31:13", "text": "but anyway what has happened here is"}, {"start": "00:31:11", "end": "00:31:15", "text": "that the federal judge denied kal's"}, {"start": "00:31:13", "end": "00:31:18", "text": "motion to stop New York from enforcing"}, {"start": "00:31:15", "end": "00:31:20", "text": "its laws against the platform major"}, {"start": "00:31:18", "end": "00:31:23", "text": "major loss for kalshia in the financial"}, {"start": "00:31:20", "end": "00:31:26", "text": "capital of the US with likely knockon"}, {"start": "00:31:23", "end": "00:31:28", "text": "effects in other cases yeah that's that"}, {"start": "00:31:26", "end": "00:31:30", "text": "guys when it comes to new tech we have"}, {"start": "00:31:28", "end": "00:31:32", "text": "new protocol"}, {"start": "00:31:30", "end": "00:31:34", "text": "launching confidential intents now"}, {"start": "00:31:32", "end": "00:31:35", "text": "generally available bringing near's"}, {"start": "00:31:34", "end": "00:31:39", "text": "confidential execution infrastructure to"}, {"start": "00:31:35", "end": "00:31:41", "text": "all builders. So if you build on near,"}, {"start": "00:31:39", "end": "00:31:43", "text": "you can now do for example crosschain"}, {"start": "00:31:41", "end": "00:31:48", "text": "swaps confidential. You can go from"}, {"start": "00:31:43", "end": "00:31:50", "text": "Zcash to Bitcoin via near confidential."}, {"start": "00:31:48", "end": "00:31:52", "text": "The privacy renance runs on near. Let's"}, {"start": "00:31:50", "end": "00:31:54", "text": "see how near coin is doing because as"}, {"start": "00:31:52", "end": "00:31:58", "text": "far as I remember it wasn't doing too"}, {"start": "00:31:54", "end": "00:32:00", "text": "well. Uh it entered bare trend."}, {"start": "00:31:58", "end": "00:32:02", "text": "Yeah, I mean technically it's bare."}, {"start": "00:32:00", "end": "00:32:04", "text": "Still holding on a bit here. But uh"}, {"start": "00:32:02", "end": "00:32:05", "text": "yeah, be careful. It's bare trend. Be"}, {"start": "00:32:04", "end": "00:32:07", "text": "careful. But we can still follow the"}, {"start": "00:32:05", "end": "00:32:10", "text": "news. We can still see all the"}, {"start": "00:32:07", "end": "00:32:13", "text": "greatness. And once Bitcoin goes bullish"}, {"start": "00:32:10", "end": "00:32:15", "text": "on the money line once the bull market"}, {"start": "00:32:13", "end": "00:32:16", "text": "starts, then we'll go heavy into all of"}, {"start": "00:32:15", "end": "00:32:18", "text": "this great text. Now [clears throat]"}, {"start": "00:32:16", "end": "00:32:20", "text": "it's too early, man. It's too early."}, {"start": "00:32:18", "end": "00:32:22", "text": "It's too early. [snorts] So early, still"}, {"start": "00:32:20", "end": "00:32:24", "text": "bare, still weak, still too early, man."}, {"start": "00:32:22", "end": "00:32:26", "text": "We need best riskreward. The best"}, {"start": "00:32:24", "end": "00:32:28", "text": "riskreward and [�__�] is when Bitcoin"}, {"start": "00:32:26", "end": "00:32:30", "text": "is bull trend. Okay. Will you buy the"}, {"start": "00:32:28", "end": "00:32:32", "text": "very bottom in the [�__�] You will"}, {"start": "00:32:30", "end": "00:32:34", "text": "not because it's going to take some time"}, {"start": "00:32:32", "end": "00:32:35", "text": "for Bitcoin to go to bull trend. Does it"}, {"start": "00:32:34", "end": "00:32:38", "text": "matter? It does not matter because we"}, {"start": "00:32:35", "end": "00:32:40", "text": "need we need the good riskreward and"}, {"start": "00:32:38", "end": "00:32:41", "text": "using leverage you can get more more"}, {"start": "00:32:40", "end": "00:32:43", "text": "gains anyway like you know the"}, {"start": "00:32:41", "end": "00:32:46", "text": "riskreward of trying to buy the bottom"}, {"start": "00:32:43", "end": "00:32:48", "text": "it's it's never worth it never worth it"}, {"start": "00:32:46", "end": "00:32:49", "text": "it's better to buy in a confirmed trend"}, {"start": "00:32:48", "end": "00:32:51", "text": "and [clears throat] then if you want to"}, {"start": "00:32:49", "end": "00:32:53", "text": "amplify gain okay go leverage you have"}, {"start": "00:32:51", "end": "00:32:57", "text": "stop- loss fantastic fantastic look here"}, {"start": "00:32:53", "end": "00:33:00", "text": "also privacy secret network joining"}, {"start": "00:32:57", "end": "00:33:01", "text": "forces with arbitum and secretcoin is"}, {"start": "00:33:00", "end": "00:33:03", "text": "moving to arbitum six years ago secret"}, {"start": "00:33:01", "end": "00:33:04", "text": "released privacy preserving smart"}, {"start": "00:33:03", "end": "00:33:08", "text": "contracts on mainet before conventional"}, {"start": "00:33:04", "end": "00:33:09", "text": "compute was even a thing. Secret was uh"}, {"start": "00:33:08", "end": "00:33:12", "text": "right early. Too early though. I mean"}, {"start": "00:33:09", "end": "00:33:14", "text": "the problem is too early. Too early."}, {"start": "00:33:12", "end": "00:33:16", "text": "Timing is very important. I mean people"}, {"start": "00:33:14", "end": "00:33:18", "text": "made iPad before Steve Jobs also you"}, {"start": "00:33:16", "end": "00:33:20", "text": "know tablet. No one cares. You need to"}, {"start": "00:33:18", "end": "00:33:21", "text": "be Steve Jobs. You need to release iPad"}, {"start": "00:33:20", "end": "00:33:24", "text": "at the right moment in the right way."}, {"start": "00:33:21", "end": "00:33:27", "text": "Execution timing is part of execution."}, {"start": "00:33:24", "end": "00:33:29", "text": "So yeah they were early but business"}, {"start": "00:33:27", "end": "00:33:30", "text": "industry markets they don't care that"}, {"start": "00:33:29", "end": "00:33:32", "text": "you're early. Like no one cares that you"}, {"start": "00:33:30", "end": "00:33:34", "text": "had the idea first. No one cares that"}, {"start": "00:33:32", "end": "00:33:35", "text": "you invented something like something"}, {"start": "00:33:34", "end": "00:33:38", "text": "first. Literally, no one cares. No one"}, {"start": "00:33:35", "end": "00:33:40", "text": "cares. It's all about you make it big."}, {"start": "00:33:38", "end": "00:33:43", "text": "You have user, you have adoption, you"}, {"start": "00:33:40", "end": "00:33:45", "text": "have uh you know you have stuff going"}, {"start": "00:33:43", "end": "00:33:47", "text": "for you or what's happening? What's"}, {"start": "00:33:45", "end": "00:33:48", "text": "happening? So yes, you remember Secret."}, {"start": "00:33:47", "end": "00:33:51", "text": "I mean we were following Secret back in"}, {"start": "00:33:48", "end": "00:33:53", "text": "the day but simply too early too early."}, {"start": "00:33:51", "end": "00:33:56", "text": "Another example is with Hyperl see"}, {"start": "00:33:53", "end": "00:33:57", "text": "someone mention Hyperlquid. So when it"}, {"start": "00:33:56", "end": "00:33:59", "text": "comes to per decks, they were they were"}, {"start": "00:33:57", "end": "00:34:03", "text": "not the first one to do onchain per"}, {"start": "00:33:59", "end": "00:34:05", "text": "decks, but but they succeeded. They"}, {"start": "00:34:03", "end": "00:34:07", "text": "ensured that it's big. Someone is asking"}, {"start": "00:34:05", "end": "00:34:09", "text": "it seems overbought. No, no, it's not."}, {"start": "00:34:07", "end": "00:34:10", "text": "Nothing is overbought. [laughter] Like"}, {"start": "00:34:09", "end": "00:34:12", "text": "if you are thinking in terms of"}, {"start": "00:34:10", "end": "00:34:13", "text": "overbought, oversold. For example, if"}, {"start": "00:34:12", "end": "00:34:15", "text": "you're thinking that, oh, a coin has"}, {"start": "00:34:13", "end": "00:34:16", "text": "pumped a lot, so it must dump. Now,"}, {"start": "00:34:15", "end": "00:34:18", "text": "you're doing it wrong. You're literally"}, {"start": "00:34:16", "end": "00:34:19", "text": "doing it backwards. you if anyone need"}, {"start": "00:34:18", "end": "00:34:22", "text": "the mechanical rules here at"}, {"start": "00:34:19", "end": "00:34:25", "text": "bulmier.com. I mean it's one of the uh"}, {"start": "00:34:22", "end": "00:34:27", "text": "early early signs of pleba brain that a"}, {"start": "00:34:25", "end": "00:34:29", "text": "coin pumped a lot and you say oh it's"}, {"start": "00:34:27", "end": "00:34:31", "text": "overbought so it must dump or your coin"}, {"start": "00:34:29", "end": "00:34:34", "text": "that never pumps you're thinking is"}, {"start": "00:34:31", "end": "00:34:37", "text": "oversold it must pump soon [laughter]"}, {"start": "00:34:34", "end": "00:34:38", "text": "but it never pumps"}, {"start": "00:34:37", "end": "00:34:41", "text": "[gasps]"}, {"start": "00:34:38", "end": "00:34:43", "text": "man things that are overbought they tend"}, {"start": "00:34:41", "end": "00:34:44", "text": "to continue to be overbought okay"}, {"start": "00:34:43", "end": "00:34:46", "text": "[snorts]"}, {"start": "00:34:44", "end": "00:34:47", "text": "it's more likely than not so that's why"}, {"start": "00:34:46", "end": "00:34:49", "text": "you need to follow trend you need to"}, {"start": "00:34:47", "end": "00:34:51", "text": "follow trend don't worry overbought"}, {"start": "00:34:49", "end": "00:34:53", "text": "oversold It's it's not really a thing."}, {"start": "00:34:51", "end": "00:34:55", "text": "It's not a thing. Instead, you need to"}, {"start": "00:34:53", "end": "00:34:57", "text": "see the trend. Should we go here to bare"}, {"start": "00:34:55", "end": "00:34:59", "text": "trend? Okay, it's bare now. It's bull."}, {"start": "00:34:57", "end": "00:35:00", "text": "Don't worry. If you want a faster"}, {"start": "00:34:59", "end": "00:35:02", "text": "signal, let's check on the daily how it"}, {"start": "00:35:00", "end": "00:35:04", "text": "is."}, {"start": "00:35:02", "end": "00:35:06", "text": "On the daily, for example, you see it's"}, {"start": "00:35:04", "end": "00:35:07", "text": "already a bit bearish. So, here you"}, {"start": "00:35:06", "end": "00:35:10", "text": "could be a bit careful. But on the"}, {"start": "00:35:07", "end": "00:35:14", "text": "weekly, it's uh no problem. No problem."}, {"start": "00:35:10", "end": "00:35:17", "text": "Big fat bump. Fantastic."}, {"start": "00:35:14", "end": "00:35:21", "text": "All the DOT holders dot is good example."}, {"start": "00:35:17", "end": "00:35:22", "text": "over oversold for so long and they say"}, {"start": "00:35:21", "end": "00:35:24", "text": "maybe it's going to pump because it's"}, {"start": "00:35:22", "end": "00:35:25", "text": "been dumping so much. Holy crap. It's"}, {"start": "00:35:24", "end": "00:35:27", "text": "going to go to price discovery soon"}, {"start": "00:35:25", "end": "00:35:30", "text": "again. New alltime low. It's going to go"}, {"start": "00:35:27", "end": "00:35:30", "text": "to new alltime low. There you go."}, {"start": "00:35:30", "end": "00:35:33", "text": "[laughter]"}, {"start": "00:35:30", "end": "00:35:34", "text": "So yeah, the don't think in terms of"}, {"start": "00:35:33", "end": "00:35:36", "text": "overbought, oversold. It's it's not"}, {"start": "00:35:34", "end": "00:35:38", "text": "practical. It's not practical. You"}, {"start": "00:35:36", "end": "00:35:40", "text": "cannot trade based on it. Of course, I"}, {"start": "00:35:38", "end": "00:35:42", "text": "mean there's it's a concept like"}, {"start": "00:35:40", "end": "00:35:43", "text": "overbought or it's a concept, but it's"}, {"start": "00:35:42", "end": "00:35:46", "text": "all about is it practical? Is it not"}, {"start": "00:35:43", "end": "00:35:49", "text": "practical? as a concept I tell you being"}, {"start": "00:35:46", "end": "00:35:51", "text": "in crypto since 2013"}, {"start": "00:35:49", "end": "00:35:53", "text": "it's not practical I don't know who"}, {"start": "00:35:51", "end": "00:35:54", "text": "makes money trading overbought overs you"}, {"start": "00:35:53", "end": "00:35:58", "text": "can trade bull trend or bren you can"}, {"start": "00:35:54", "end": "00:36:00", "text": "trade that guys sana sana see seeker you"}, {"start": "00:35:58", "end": "00:36:04", "text": "guys remember sana seeker I don't know"}, {"start": "00:36:00", "end": "00:36:07", "text": "where my seeker is I need to find it we"}, {"start": "00:36:04", "end": "00:36:09", "text": "we we got the seeker but then uh bare"}, {"start": "00:36:07", "end": "00:36:11", "text": "market started and nothing really"}, {"start": "00:36:09", "end": "00:36:14", "text": "happened"}, {"start": "00:36:11", "end": "00:36:16", "text": "uh but they say it's going Welcome back,"}, {"start": "00:36:14", "end": "00:36:18", "text": "guys. It's coming back yesterday, July"}, {"start": "00:36:16", "end": "00:36:20", "text": "7th. Complete quest, earn badges, and"}, {"start": "00:36:18", "end": "00:36:22", "text": "try top apps on Salana Daptor store."}, {"start": "00:36:20", "end": "00:36:24", "text": "There you go. [snorts] Let's see if"}, {"start": "00:36:22", "end": "00:36:25", "text": "there's some no airrop or something. Uh,"}, {"start": "00:36:24", "end": "00:36:27", "text": "but I don't even have it now. So, yeah,"}, {"start": "00:36:25", "end": "00:36:30", "text": "I cannot really participate. So, if you"}, {"start": "00:36:27", "end": "00:36:32", "text": "guys get rich, let me know."}, {"start": "00:36:30", "end": "00:36:33", "text": "Uh, someone asked about GTO. Let's let's"}, {"start": "00:36:32", "end": "00:36:35", "text": "see G2. It's still looking it was"}, {"start": "00:36:33", "end": "00:36:39", "text": "looking very very good the other day."}, {"start": "00:36:35", "end": "00:36:42", "text": "Uh, now let's see the trend. Load the"}, {"start": "00:36:39", "end": "00:36:44", "text": "trend. Uh, one second. Let me remove"}, {"start": "00:36:42", "end": "00:36:44", "text": "this."}, {"start": "00:36:45", "end": "00:36:49", "text": "Uh"}, {"start": "00:36:46", "end": "00:36:52", "text": "I wouldn't touch it currently uh because"}, {"start": "00:36:49", "end": "00:36:54", "text": "it reversed this um"}, {"start": "00:36:52", "end": "00:36:55", "text": "it reversed the pump. Now it's back to"}, {"start": "00:36:54", "end": "00:36:58", "text": "the flip level. I mean technically still"}, {"start": "00:36:55", "end": "00:37:01", "text": "bullish but you know entering from risk"}, {"start": "00:36:58", "end": "00:37:03", "text": "perspective here. I wouldn't do it."}, {"start": "00:37:01", "end": "00:37:04", "text": "[snorts] Um because it's back to the"}, {"start": "00:37:03", "end": "00:37:06", "text": "flip level"}, {"start": "00:37:04", "end": "00:37:08", "text": "but yeah technically still bullish but"}, {"start": "00:37:06", "end": "00:37:09", "text": "it's hard man. It's too early like for"}, {"start": "00:37:08", "end": "00:37:11", "text": "all of these coins. It's too early man."}, {"start": "00:37:09", "end": "00:37:13", "text": "It's too early. It's too early. Bitcoin"}, {"start": "00:37:11", "end": "00:37:17", "text": "is still bearish. So whatever pump they"}, {"start": "00:37:13", "end": "00:37:21", "text": "have, you know, one, two, three weeks."}, {"start": "00:37:17", "end": "00:37:23", "text": "Yeah, it's uh"}, {"start": "00:37:21", "end": "00:37:26", "text": "so early. So early."}, {"start": "00:37:23", "end": "00:37:30", "text": "Take it easy, guys. Take it easy. Don't"}, {"start": "00:37:26", "end": "00:37:34", "text": "uh don't get too bullish too fast. We're"}, {"start": "00:37:30", "end": "00:37:38", "text": "still bare and that has not changed."}, {"start": "00:37:34", "end": "00:37:43", "text": "So guys on this note let's go to Q&A"}, {"start": "00:37:38", "end": "00:37:43", "text": "questions answers debates discussions"}, {"start": "00:37:43", "end": "00:37:49", "text": "and uh let's also see which"}, {"start": "00:37:47", "end": "00:37:52", "text": "trends we have in stocks what went bare"}, {"start": "00:37:49", "end": "00:37:54", "text": "what went bull so with the stock market"}, {"start": "00:37:52", "end": "00:37:58", "text": "guys now you have to look more towards"}, {"start": "00:37:54", "end": "00:38:02", "text": "what is flipping bearish because things"}, {"start": "00:37:58", "end": "00:38:04", "text": "are shifting especially in AI shifting"}, {"start": "00:38:02", "end": "00:38:09", "text": "oh SpaceX has a daily trend finally."}, {"start": "00:38:04", "end": "00:38:11", "text": "Very nice. And it's bearish."}, {"start": "00:38:09", "end": "00:38:13", "text": "Very nice."}, {"start": "00:38:11", "end": "00:38:17", "text": "Oh man. SpaceX also we played it so nice"}, {"start": "00:38:13", "end": "00:38:20", "text": "because you remember the the the um FOMO"}, {"start": "00:38:17", "end": "00:38:23", "text": "the hype. It was crazy. It was crazy. We"}, {"start": "00:38:20", "end": "00:38:26", "text": "said take it easy."}, {"start": "00:38:23", "end": "00:38:29", "text": "Let it find equilibrium. Let it find"}, {"start": "00:38:26", "end": "00:38:31", "text": "supply demand. Let find supply demand."}, {"start": "00:38:29", "end": "00:38:35", "text": "When you set a price pre-market, it's"}, {"start": "00:38:31", "end": "00:38:37", "text": "fugazi price. It's it's a private banker"}, {"start": "00:38:35", "end": "00:38:40", "text": "price. Private banker sets a price. So,"}, {"start": "00:38:37", "end": "00:38:41", "text": "it's not it's not too it's not"}, {"start": "00:38:40", "end": "00:38:44", "text": "it's definitely not low, but it's as"}, {"start": "00:38:41", "end": "00:38:46", "text": "high as possible. So, the chart doesn't"}, {"start": "00:38:44", "end": "00:38:48", "text": "just go straight down. So, they put it"}, {"start": "00:38:46", "end": "00:38:50", "text": "as high as possible."}, {"start": "00:38:48", "end": "00:38:52", "text": "And the chart is, you know, going down"}, {"start": "00:38:50", "end": "00:38:55", "text": "slowly, slowly, slowly. Maybe it's going"}, {"start": "00:38:52", "end": "00:38:59", "text": "to bleed here. Maybe goes below 100."}, {"start": "00:38:55", "end": "00:39:01", "text": "Um but yeah, always with IP have to be"}, {"start": "00:38:59", "end": "00:39:05", "text": "super careful, super careful. Let it"}, {"start": "00:39:01", "end": "00:39:07", "text": "find equilibrium and uh trend. And now"}, {"start": "00:39:05", "end": "00:39:09", "text": "we see I mean now we see that it's uh"}, {"start": "00:39:07", "end": "00:39:12", "text": "it's somewhere here now at 150 which is"}, {"start": "00:39:09", "end": "00:39:14", "text": "basically the listing price but momentum"}, {"start": "00:39:12", "end": "00:39:16", "text": "is down and you can probably get it"}, {"start": "00:39:14", "end": "00:39:18", "text": "cheaper. Should it go bull? Fantastic."}, {"start": "00:39:16", "end": "00:39:20", "text": "Fantastic. The bull flip is not far away"}, {"start": "00:39:18", "end": "00:39:21", "text": "by the way. 159."}, {"start": "00:39:20", "end": "00:39:23", "text": "Should it go bull? Fantastic."}, {"start": "00:39:21", "end": "00:39:23", "text": "[clears throat]"}, {"start": "00:39:24", "end": "00:39:32", "text": "Um what else you have? Uh Samsung just"}, {"start": "00:39:28", "end": "00:39:38", "text": "flipped uh bearish on the daily. Uh this"}, {"start": "00:39:32", "end": "00:39:38", "text": "SK Unix just went bearish on the daily."}, {"start": "00:39:40", "end": "00:39:47", "text": "These ones a few days ago."}, {"start": "00:39:43", "end": "00:39:51", "text": "Let's check the overall week uh the"}, {"start": "00:39:47", "end": "00:39:51", "text": "weekly weekly trends,"}, {"start": "00:39:52", "end": "00:39:55", "text": "guys. something with my internet today."}, {"start": "00:39:53", "end": "00:39:57", "text": "It's a bit slow. I see trading view is"}, {"start": "00:39:55", "end": "00:40:00", "text": "not working really. Let's see here. Let"}, {"start": "00:39:57", "end": "00:40:00", "text": "me relo"}, {"start": "00:40:02", "end": "00:40:07", "text": "and meanwhile we check your question."}, {"start": "00:40:05", "end": "00:40:09", "text": "You have question. You have no question."}, {"start": "00:40:07", "end": "00:40:09", "text": "Okay. [snorts]"}, {"start": "00:40:11", "end": "00:40:20", "text": "BTC bear, ETH bear, BNB bear, sold bear,"}, {"start": "00:40:16", "end": "00:40:24", "text": "hyperlid bull since two months ago, 67%."}, {"start": "00:40:20", "end": "00:40:27", "text": "Very nice power of bull trend. Power and"}, {"start": "00:40:24", "end": "00:40:29", "text": "power and power of bull trend. Dogecoin"}, {"start": "00:40:27", "end": "00:40:32", "text": "down."}, {"start": "00:40:29", "end": "00:40:34", "text": "Zcash fighting against the trend."}, {"start": "00:40:32", "end": "00:40:36", "text": "Cardano."}, {"start": "00:40:34", "end": "00:40:39", "text": "Oh my god."}, {"start": "00:40:36", "end": "00:40:44", "text": "What's happening guys? What's happening?"}, {"start": "00:40:39", "end": "00:40:44", "text": "It's like dot soon price discovery."}, {"start": "00:40:44", "end": "00:40:51", "text": "Uh okay. Will can you look at Baba? They"}, {"start": "00:40:48", "end": "00:40:53", "text": "are probably the cheapest AI stock in"}, {"start": "00:40:51", "end": "00:40:54", "text": "terms of valuation and they also making"}, {"start": "00:40:53", "end": "00:40:58", "text": "their own chips. Let's see. Let's see."}, {"start": "00:40:54", "end": "00:40:58", "text": "Alibaba. Alibaba."}, {"start": "00:41:01", "end": "00:41:06", "text": "Uh, yep. Bare trend"}, {"start": "00:41:04", "end": "00:41:09", "text": "around 200 week moving average. Let me"}, {"start": "00:41:06", "end": "00:41:11", "text": "see if they show up here in the So, when"}, {"start": "00:41:09", "end": "00:41:14", "text": "you say cheapest"}, {"start": "00:41:11", "end": "00:41:17", "text": "uh in terms of valuation, that's good."}, {"start": "00:41:14", "end": "00:41:19", "text": "If we go to stocks here, let me just uh"}, {"start": "00:41:17", "end": "00:41:22", "text": "see here if it shows up. Then we go to"}, {"start": "00:41:19", "end": "00:41:25", "text": "near 200 moving average. Man, this"}, {"start": "00:41:22", "end": "00:41:27", "text": "filter is so nice. You see here, you see"}, {"start": "00:41:25", "end": "00:41:29", "text": "here, Alibaba is also here. Guys, if you"}, {"start": "00:41:27", "end": "00:41:31", "text": "are part of Bulmania, this near 200E"}, {"start": "00:41:29", "end": "00:41:35", "text": "moving average is like chef's kiss. It's"}, {"start": "00:41:31", "end": "00:41:37", "text": "chef's kiss. Only uh buy stocks that are"}, {"start": "00:41:35", "end": "00:41:39", "text": "well-known big. Don't buy like random"}, {"start": "00:41:37", "end": "00:41:41", "text": "crap around 200 week because it can go"}, {"start": "00:41:39", "end": "00:41:43", "text": "to zero. But you know, Microsoft is not"}, {"start": "00:41:41", "end": "00:41:45", "text": "going to go to zero. It's not going to"}, {"start": "00:41:43", "end": "00:41:47", "text": "go to zero. And it is around 200 week"}, {"start": "00:41:45", "end": "00:41:50", "text": "moving average now which means deep"}, {"start": "00:41:47", "end": "00:41:52", "text": "value deep value big long-term moving"}, {"start": "00:41:50", "end": "00:41:54", "text": "average as you can see right here could"}, {"start": "00:41:52", "end": "00:41:55", "text": "still go lower because it's better but"}, {"start": "00:41:54", "end": "00:41:58", "text": "you know if you accumulate here within"}, {"start": "00:41:55", "end": "00:42:02", "text": "the 200 week moving average fantastic"}, {"start": "00:41:58", "end": "00:42:05", "text": "fantastic Saudi Arabian oil fantastic"}, {"start": "00:42:02", "end": "00:42:08", "text": "also near 200E moving average"}, {"start": "00:42:05", "end": "00:42:10", "text": "it's u very nice all I mean anything"}, {"start": "00:42:08", "end": "00:42:12", "text": "here is below this one is below 200E"}, {"start": "00:42:10", "end": "00:42:14", "text": "moving average anything close to 200"}, {"start": "00:42:12", "end": "00:42:16", "text": "week fantastic Netflix. Netflix. What's"}, {"start": "00:42:14", "end": "00:42:18", "text": "happen? I mean, Netflix so bad now. I"}, {"start": "00:42:16", "end": "00:42:20", "text": "remember before watching Netflix all the"}, {"start": "00:42:18", "end": "00:42:22", "text": "time. Now,"}, {"start": "00:42:20", "end": "00:42:26", "text": "I don't know. I I try. I mean, sometimes"}, {"start": "00:42:22", "end": "00:42:31", "text": "No. Like, okay, let's have a cozy"}, {"start": "00:42:26", "end": "00:42:31", "text": "Netflix. Okay, click Netflix."}, {"start": "00:42:32", "end": "00:42:36", "text": "Click off Netflix. You know, I don't"}, {"start": "00:42:34", "end": "00:42:37", "text": "know what they've done, guys. They"}, {"start": "00:42:36", "end": "00:42:38", "text": "That's a problem. They don't do too"}, {"start": "00:42:37", "end": "00:42:41", "text": "much. But anyway, if you're bullish, it"}, {"start": "00:42:38", "end": "00:42:43", "text": "is around the 200 moving average."}, {"start": "00:42:41", "end": "00:42:45", "text": "Alibaba."}, {"start": "00:42:43", "end": "00:42:47", "text": "Let's see."}, {"start": "00:42:45", "end": "00:42:49", "text": "I would say Alibaba makes sense because"}, {"start": "00:42:47", "end": "00:42:51", "text": "it is around 200 week. You know, when it"}, {"start": "00:42:49", "end": "00:42:53", "text": "comes to chips and all of that, probably"}, {"start": "00:42:51", "end": "00:42:55", "text": "it makes sense also. But primarily, it"}, {"start": "00:42:53", "end": "00:42:58", "text": "makes sense because it's bare trend and"}, {"start": "00:42:55", "end": "00:43:00", "text": "it's been down a lot. And if it actually"}, {"start": "00:42:58", "end": "00:43:02", "text": "starts going above the 200 week, I would"}, {"start": "00:43:00", "end": "00:43:04", "text": "wait here for Oh. Oh, you see here today"}, {"start": "00:43:02", "end": "00:43:07", "text": "they're going to go above 200 week."}, {"start": "00:43:04", "end": "00:43:08", "text": "Uh"}, {"start": "00:43:07", "end": "00:43:12", "text": "to be super disciplined, you should wait"}, {"start": "00:43:08", "end": "00:43:14", "text": "for the bull trend. Okay. Uh it's still"}, {"start": "00:43:12", "end": "00:43:17", "text": "very close to 200 week anyway."}, {"start": "00:43:14", "end": "00:43:19", "text": "And just you know with AI and China it"}, {"start": "00:43:17", "end": "00:43:21", "text": "could be an interesting play. You have a"}, {"start": "00:43:19", "end": "00:43:22", "text": "big risk with government though."}, {"start": "00:43:21", "end": "00:43:25", "text": ">> There's a big risk with government."}, {"start": "00:43:22", "end": "00:43:26", "text": "Government sorry wrong button. Wrong"}, {"start": "00:43:25", "end": "00:43:28", "text": "button. Check check."}, {"start": "00:43:26", "end": "00:43:30", "text": ">> Uh you have a big risk with government."}, {"start": "00:43:28", "end": "00:43:35", "text": "For example, China is saying that they"}, {"start": "00:43:30", "end": "00:43:38", "text": "may block AI export and then this whole"}, {"start": "00:43:35", "end": "00:43:40", "text": "AI business needs to be reevalued."}, {"start": "00:43:38", "end": "00:43:43", "text": "Let me let me see if I can find it. So"}, {"start": "00:43:40", "end": "00:43:46", "text": "with Alibaba, as with many things, look"}, {"start": "00:43:43", "end": "00:43:48", "text": "here, China considers restricting"}, {"start": "00:43:46", "end": "00:43:49", "text": "overseas access to cutting edge a model."}, {"start": "00:43:48", "end": "00:43:51", "text": "So you need to be super careful here"}, {"start": "00:43:49", "end": "00:43:54", "text": "because it's a highly political space"}, {"start": "00:43:51", "end": "00:43:56", "text": "this AI stuff. Uh but from a risk"}, {"start": "00:43:54", "end": "00:43:57", "text": "perspective, of course, around 200 week"}, {"start": "00:43:56", "end": "00:44:00", "text": "moving average, especially if it goes to"}, {"start": "00:43:57", "end": "00:44:03", "text": "bull trend. Very very nice."}, {"start": "00:44:00", "end": "00:44:06", "text": "L'Oreal, you like washing your hair?"}, {"start": "00:44:03", "end": "00:44:09", "text": "L'Oreal, your wife makesup."}, {"start": "00:44:06", "end": "00:44:12", "text": "It's around 200 week. It's been like"}, {"start": "00:44:09", "end": "00:44:15", "text": "that for two years though. [laughter]"}, {"start": "00:44:12", "end": "00:44:18", "text": "Not not too good of a chart. Um is a"}, {"start": "00:44:15", "end": "00:44:19", "text": "Europore Europe,"}, {"start": "00:44:18", "end": "00:44:21", "text": "you know, this European ones. I don't"}, {"start": "00:44:19", "end": "00:44:22", "text": "know what they're doing. France, they I"}, {"start": "00:44:21", "end": "00:44:24", "text": "mean these guys, they don't work too"}, {"start": "00:44:22", "end": "00:44:26", "text": "much. They don't have AC in the"}, {"start": "00:44:24", "end": "00:44:28", "text": "somewhere. Their brain doesn't work"}, {"start": "00:44:26", "end": "00:44:30", "text": "because they they struggle with AC. You"}, {"start": "00:44:28", "end": "00:44:33", "text": "know, if your worker has no AC, they"}, {"start": "00:44:30", "end": "00:44:35", "text": "don't work good. If they need to think,"}, {"start": "00:44:33", "end": "00:44:38", "text": "use the brain. No AC means they don't"}, {"start": "00:44:35", "end": "00:44:41", "text": "think a lot. Okay, for brain function"}, {"start": "00:44:38", "end": "00:44:43", "text": "you need AC. That's why when Singapore"}, {"start": "00:44:41", "end": "00:44:45", "text": "when you look at the start of Singapore"}, {"start": "00:44:43", "end": "00:44:48", "text": "they installed AC everywhere. They said"}, {"start": "00:44:45", "end": "00:44:50", "text": "listen if for us to be successful before"}, {"start": "00:44:48", "end": "00:44:53", "text": "they became the Singapore we know today"}, {"start": "00:44:50", "end": "00:44:55", "text": "the successful city states. They said we"}, {"start": "00:44:53", "end": "00:44:58", "text": "need AC everywhere. AC everywhere. Good"}, {"start": "00:44:55", "end": "00:45:01", "text": "luck installing AC in France. Okay. So"}, {"start": "00:44:58", "end": "00:45:04", "text": "all this Europore like L'Oreal other"}, {"start": "00:45:01", "end": "00:45:06", "text": "French charts normally bad. I mean, you"}, {"start": "00:45:04", "end": "00:45:08", "text": "literally see it in the chart. It's"}, {"start": "00:45:06", "end": "00:45:10", "text": "unproductive. Unproductive."}, {"start": "00:45:08", "end": "00:45:12", "text": "Toyota. Toyota. What's happening?"}, {"start": "00:45:10", "end": "00:45:16", "text": "Toyota, man. What's happening? Toyota."}, {"start": "00:45:12", "end": "00:45:18", "text": "Toyota around 200 moving average. Um,"}, {"start": "00:45:16", "end": "00:45:22", "text": "what's happening?"}, {"start": "00:45:18", "end": "00:45:23", "text": "Big fat pump dump. 200 moving average."}, {"start": "00:45:22", "end": "00:45:25", "text": "There you go. I mean, Toyota not going"}, {"start": "00:45:23", "end": "00:45:28", "text": "to go anywhere, guys. We're at Toyota."}, {"start": "00:45:25", "end": "00:45:29", "text": "Toyota's going to survive here. Yeah,"}, {"start": "00:45:28", "end": "00:45:33", "text": "they're not going anywhere, guys."}, {"start": "00:45:29", "end": "00:45:35", "text": "Toyota. So again DCAing if you love"}, {"start": "00:45:33", "end": "00:45:38", "text": "Toyota around 200 week and especially if"}, {"start": "00:45:35", "end": "00:45:39", "text": "they go to bull trend here I would also"}, {"start": "00:45:38", "end": "00:45:41", "text": "wait for bull trend because bull trend"}, {"start": "00:45:39", "end": "00:45:44", "text": "is very close to 200 moving average no"}, {"start": "00:45:41", "end": "00:45:46", "text": "need to rush here no need to rush just"}, {"start": "00:45:44", "end": "00:45:47", "text": "wait for it to go bull then fantastic."}, {"start": "00:45:46", "end": "00:45:49", "text": "[gasps]"}, {"start": "00:45:47", "end": "00:45:52", "text": "Um what else is close to 200 week? Uh"}, {"start": "00:45:49", "end": "00:45:55", "text": "anyway, if you have the money scanner,"}, {"start": "00:45:52", "end": "00:45:58", "text": "you see here exact exact exact. What is"}, {"start": "00:45:55", "end": "00:46:00", "text": "close to 200 week for deep deep value?"}, {"start": "00:45:58", "end": "00:46:02", "text": "And you have it for stocks, you have it"}, {"start": "00:46:00", "end": "00:46:04", "text": "for crypto,"}, {"start": "00:46:02", "end": "00:46:08", "text": "uh you have it for everything. You have"}, {"start": "00:46:04", "end": "00:46:10", "text": "it for everything. XRP"}, {"start": "00:46:08", "end": "00:46:14", "text": "is around 200 moving average. Oh man,"}, {"start": "00:46:10", "end": "00:46:15", "text": "it's very nice. This filtering so nice."}, {"start": "00:46:14", "end": "00:46:16", "text": "It's very very nice. You need to have"}, {"start": "00:46:15", "end": "00:46:19", "text": "tools, guys. I mean that's a problem"}, {"start": "00:46:16", "end": "00:46:21", "text": "without tools you're you're like a sheep"}, {"start": "00:46:19", "end": "00:46:23", "text": "you know you're like trying to you see"}, {"start": "00:46:21", "end": "00:46:25", "text": "something you don't know why you're"}, {"start": "00:46:23", "end": "00:46:28", "text": "bullish now here you know you know it's"}, {"start": "00:46:25", "end": "00:46:30", "text": "cheap 200 moving average cheap man but"}, {"start": "00:46:28", "end": "00:46:33", "text": "how you know which assets are 200 week"}, {"start": "00:46:30", "end": "00:46:34", "text": "moving average you can choose either you"}, {"start": "00:46:33", "end": "00:46:36", "text": "click around like a monkey ah let's"}, {"start": "00:46:34", "end": "00:46:38", "text": "check this chart let's click this chart"}, {"start": "00:46:36", "end": "00:46:41", "text": "you know you spend hours clicking around"}, {"start": "00:46:38", "end": "00:46:42", "text": "wasting your time click click click"}, {"start": "00:46:41", "end": "00:46:45", "text": "click or you join bull menu you get the"}, {"start": "00:46:42", "end": "00:46:47", "text": "money scanner easy man easy and also you"}, {"start": "00:46:45", "end": "00:46:49", "text": "know trend ideally a bull trend and"}, {"start": "00:46:47", "end": "00:46:51", "text": "close to 200 moving average. That's the"}, {"start": "00:46:49", "end": "00:46:54", "text": "Valhalla Valhallas. If it goes bull"}, {"start": "00:46:51", "end": "00:46:55", "text": "trend and it is 200."}, {"start": "00:46:54", "end": "00:46:58", "text": "So"}, {"start": "00:46:55", "end": "00:47:00", "text": "go to bullmay.com/partners."}, {"start": "00:46:58", "end": "00:47:02", "text": "Sign up here. Very very nice. Also you"}, {"start": "00:47:00", "end": "00:47:04", "text": "get education and you get everything. Um"}, {"start": "00:47:02", "end": "00:47:07", "text": "oh sorry no no this is for the"}, {"start": "00:47:04", "end": "00:47:09", "text": "newsletter we have this bull.com. Go"}, {"start": "00:47:07", "end": "00:47:14", "text": "here. Go to weight list right here. Sign"}, {"start": "00:47:09", "end": "00:47:16", "text": "up here. That's that. Um,"}, {"start": "00:47:14", "end": "00:47:18", "text": "and you get Jason also, man. Jason is so"}, {"start": "00:47:16", "end": "00:47:22", "text": "nice. He's analyzing market every day,"}, {"start": "00:47:18", "end": "00:47:22", "text": "checking everywhere."}, {"start": "00:47:24", "end": "00:47:31", "text": "Alibaba and 40 thieves. Exactly."}, {"start": "00:47:29", "end": "00:47:31", "text": "[sighs]"}, {"start": "00:47:31", "end": "00:47:39", "text": "What about"}, {"start": "00:47:34", "end": "00:47:39", "text": "Adobe or which one is this? One second."}, {"start": "00:47:39", "end": "00:47:43", "text": "Don't know that one. Maybe misspelled"}, {"start": "00:47:44", "end": "00:47:51", "text": "Adobe. Let's Let's check Adobe. Adb"}, {"start": "00:47:48", "end": "00:47:55", "text": "probably you mean Adobe. Let's see."}, {"start": "00:47:51", "end": "00:47:57", "text": "Adobe. What's happening? Adobe. Adobe is"}, {"start": "00:47:55", "end": "00:47:59", "text": "It's very far below 200 moving average."}, {"start": "00:47:57", "end": "00:48:01", "text": "They have some real problems here, guys."}, {"start": "00:47:59", "end": "00:48:05", "text": "So, don't it's you see it's super"}, {"start": "00:48:01", "end": "00:48:07", "text": "accelerating down. And will they be here"}, {"start": "00:48:05", "end": "00:48:09", "text": "in 10 years? I don't know. like it's"}, {"start": "00:48:07", "end": "00:48:14", "text": "it's hard to say because I switched away"}, {"start": "00:48:09", "end": "00:48:16", "text": "from Adobe long time ago. Um before I"}, {"start": "00:48:14", "end": "00:48:19", "text": "was having Adobe creating stuff in Adobe"}, {"start": "00:48:16", "end": "00:48:22", "text": "now I use Canva you know I use online I"}, {"start": "00:48:19", "end": "00:48:23", "text": "remember before you know to do you know"}, {"start": "00:48:22", "end": "00:48:25", "text": "with a thumbnail I do I do them myself I"}, {"start": "00:48:23", "end": "00:48:28", "text": "don't I don't have any designer [gasps]"}, {"start": "00:48:25", "end": "00:48:30", "text": "but before you know I had Adobe"}, {"start": "00:48:28", "end": "00:48:34", "text": "Photoshop where I Photoshop the Bitcoin"}, {"start": "00:48:30", "end": "00:48:36", "text": "logo every day and do the siren and do"}, {"start": "00:48:34", "end": "00:48:39", "text": "the the arrow I I hand you see when you"}, {"start": "00:48:36", "end": "00:48:40", "text": "see my thumbnail it's handdrawn the"}, {"start": "00:48:39", "end": "00:48:43", "text": "arrow up the arrow down I was doing that"}, {"start": "00:48:40", "end": "00:48:46", "text": "in Adobe. Okay."}, {"start": "00:48:43", "end": "00:48:48", "text": "Then when I was traveling, it told me"}, {"start": "00:48:46", "end": "00:48:49", "text": "you need to buy license. Like what do"}, {"start": "00:48:48", "end": "00:48:52", "text": "you speak about? Which license, man?"}, {"start": "00:48:49", "end": "00:48:54", "text": "Which license? I And then I thought,"}, {"start": "00:48:52", "end": "00:48:57", "text": "okay, also it's so slow. It's this heavy"}, {"start": "00:48:54", "end": "00:49:00", "text": "bloated boomer ass software that needs"}, {"start": "00:48:57", "end": "00:49:02", "text": "to run, that needs to start."}, {"start": "00:49:00", "end": "00:49:02", "text": "[sighs]"}, {"start": "00:49:02", "end": "00:49:07", "text": "I said, let's go Canva. Move to Canva."}, {"start": "00:49:06", "end": "00:49:11", "text": "Fantastic. It's the best. So just"}, {"start": "00:49:07", "end": "00:49:13", "text": "personally, I'm not using Adobe. Um"}, {"start": "00:49:11", "end": "00:49:16", "text": "James is saying profits are are high"}, {"start": "00:49:13", "end": "00:49:16", "text": "still"}, {"start": "00:49:16", "end": "00:49:20", "text": "maybe maybe but you need to look so"}, {"start": "00:49:18", "end": "00:49:23", "text": "profits you need to look at growth you"}, {"start": "00:49:20", "end": "00:49:25", "text": "need to look at growth in clients I mean"}, {"start": "00:49:23", "end": "00:49:26", "text": "if you want to do fundamental analysis"}, {"start": "00:49:25", "end": "00:49:27", "text": "you want to if you want to do"}, {"start": "00:49:26", "end": "00:49:29", "text": "fundamental analysis you cannot look"}, {"start": "00:49:27", "end": "00:49:31", "text": "only at revenue revenue can be"}, {"start": "00:49:29", "end": "00:49:32", "text": "misleading for example it can be a"}, {"start": "00:49:31", "end": "00:49:34", "text": "business that's why normally we don't"}, {"start": "00:49:32", "end": "00:49:36", "text": "look too much at fundamental just look"}, {"start": "00:49:34", "end": "00:49:38", "text": "at the chart because the the chart is"}, {"start": "00:49:36", "end": "00:49:39", "text": "telling you the fundamental I mean it's"}, {"start": "00:49:38", "end": "00:49:41", "text": "telling you that"}, {"start": "00:49:39", "end": "00:49:42", "text": "the you know who does fundamental Wall"}, {"start": "00:49:41", "end": "00:49:44", "text": "Street does all of the fundamental they"}, {"start": "00:49:42", "end": "00:49:45", "text": "try to understand like you know and then"}, {"start": "00:49:44", "end": "00:49:48", "text": "they sell or buy and you see in the"}, {"start": "00:49:45", "end": "00:49:51", "text": "chart the result of their research so"}, {"start": "00:49:48", "end": "00:49:52", "text": "fundamental here is your fundamental"}, {"start": "00:49:51", "end": "00:49:54", "text": "this is why revenue you cannot really"}, {"start": "00:49:52", "end": "00:49:56", "text": "look at the revenues this is where you"}, {"start": "00:49:54", "end": "00:49:58", "text": "know plebe trying to do research he"}, {"start": "00:49:56", "end": "00:50:01", "text": "thinks he's Wall Street analyst he looks"}, {"start": "00:49:58", "end": "00:50:03", "text": "at revenue okay the problem with revenue"}, {"start": "00:50:01", "end": "00:50:06", "text": "is that you can squeeze revenue from"}, {"start": "00:50:03", "end": "00:50:08", "text": "existing client and make it look good"}, {"start": "00:50:06", "end": "00:50:11", "text": "you can have let's say a business that"}, {"start": "00:50:08", "end": "00:50:13", "text": "uh gets no new client but just keeps"}, {"start": "00:50:11", "end": "00:50:16", "text": "squeezing and squeezing existing client"}, {"start": "00:50:13", "end": "00:50:18", "text": "and maybe is losing client but overall"}, {"start": "00:50:16", "end": "00:50:21", "text": "keeps squeezing and squeezing existing"}, {"start": "00:50:18", "end": "00:50:24", "text": "is very bad but revenue will look good."}, {"start": "00:50:21", "end": "00:50:25", "text": "So these things you you need to analyze"}, {"start": "00:50:24", "end": "00:50:27", "text": "seriously. You need to look at the you"}, {"start": "00:50:25", "end": "00:50:30", "text": "know account growth how it was in the"}, {"start": "00:50:27", "end": "00:50:31", "text": "past how it is now. Uh where is is"}, {"start": "00:50:30", "end": "00:50:33", "text": "revenue concentrated or not? Another"}, {"start": "00:50:31", "end": "00:50:35", "text": "thing if it's one client you have that"}, {"start": "00:50:33", "end": "00:50:37", "text": "gives you all revenue super concentrate"}, {"start": "00:50:35", "end": "00:50:40", "text": "it's very bad. How how is it spread out?"}, {"start": "00:50:37", "end": "00:50:41", "text": "The the more it's spread out the better."}, {"start": "00:50:40", "end": "00:50:45", "text": "If it grows a lot and it's super spread"}, {"start": "00:50:41", "end": "00:50:47", "text": "out it's very nice. If it's um grows a"}, {"start": "00:50:45", "end": "00:50:50", "text": "lot and it's one client two client you"}, {"start": "00:50:47", "end": "00:50:52", "text": "know a few% is very bad. Um so yeah"}, {"start": "00:50:50", "end": "00:50:53", "text": "there there are many factors and you"}, {"start": "00:50:52", "end": "00:50:55", "text": "could of course try to you know"}, {"start": "00:50:53", "end": "00:50:57", "text": "understand all of that or you can just"}, {"start": "00:50:55", "end": "00:51:00", "text": "look at the chart and see Wall Street"}, {"start": "00:50:57", "end": "00:51:03", "text": "for some reason is not buying. They do a"}, {"start": "00:51:00", "end": "00:51:06", "text": "fundamental analysis. They do all of"}, {"start": "00:51:03", "end": "00:51:08", "text": "that and they're not convinced and who"}, {"start": "00:51:06", "end": "00:51:12", "text": "am I here to do some uh you know pleb"}, {"start": "00:51:08", "end": "00:51:14", "text": "analysis uh to wannabe Wall Street. This"}, {"start": "00:51:12", "end": "00:51:16", "text": "is how pleb will do it. By the way if"}, {"start": "00:51:14", "end": "00:51:20", "text": "you want you can do pleba analysis also."}, {"start": "00:51:16", "end": "00:51:23", "text": "we put here. If you go to stocks, if you"}, {"start": "00:51:20", "end": "00:51:25", "text": "go to"}, {"start": "00:51:23", "end": "00:51:27", "text": "let's see Adobe, let's see Adobe. Let's"}, {"start": "00:51:25", "end": "00:51:30", "text": "remove the filter."}, {"start": "00:51:27", "end": "00:51:32", "text": "Adobe. Okay. If you want to do analysis"}, {"start": "00:51:30", "end": "00:51:36", "text": "here, we added to you button here. Yahoo"}, {"start": "00:51:32", "end": "00:51:40", "text": "Finance. Okay."}, {"start": "00:51:36", "end": "00:51:42", "text": "You can go here. You can look at EPS"}, {"start": "00:51:40", "end": "00:51:44", "text": "ratio. You can do wann to be if you want"}, {"start": "00:51:42", "end": "00:51:47", "text": "to be wannabe Wall Street analyst, you"}, {"start": "00:51:44", "end": "00:51:49", "text": "can check this. You you you will be wann"}, {"start": "00:51:47", "end": "00:51:52", "text": "to be Wall Street analyst. Is PE ratio"}, {"start": "00:51:49", "end": "00:51:56", "text": "high or small? [laughter]"}, {"start": "00:51:52", "end": "00:51:58", "text": "[gasps] Okay. Uh you can do it but don't"}, {"start": "00:51:56", "end": "00:52:00", "text": "just you know it's fun to do also but"}, {"start": "00:51:58", "end": "00:52:03", "text": "don't think you're Wall Street. You"}, {"start": "00:52:00", "end": "00:52:07", "text": "don't think you're Wall Street."}, {"start": "00:52:03", "end": "00:52:09", "text": "You are plebbe larping as Wall Street"}, {"start": "00:52:07", "end": "00:52:12", "text": "and you likely will miss so many key"}, {"start": "00:52:09", "end": "00:52:14", "text": "details you don't even understand. So"}, {"start": "00:52:12", "end": "00:52:16", "text": "that's why for the average player trend"}, {"start": "00:52:14", "end": "00:52:18", "text": "is your friend. Don't be wann to be Wall"}, {"start": "00:52:16", "end": "00:52:20", "text": "Street if for just for fun. Okay. I mean"}, {"start": "00:52:18", "end": "00:52:22", "text": "the reason why we added this link here"}, {"start": "00:52:20", "end": "00:52:24", "text": "to Wall Street to Yahoo Finances. I mean"}, {"start": "00:52:22", "end": "00:52:25", "text": "just for fun you could check it here."}, {"start": "00:52:24", "end": "00:52:27", "text": "Just know your weakness. It's about"}, {"start": "00:52:25", "end": "00:52:30", "text": "knowing your weakness. Knowing your"}, {"start": "00:52:27", "end": "00:52:33", "text": "weakness that you are a plebbe that"}, {"start": "00:52:30", "end": "00:52:36", "text": "doesn't know too much. U but the trend"}, {"start": "00:52:33", "end": "00:52:38", "text": "is your helper in this uh dangerous"}, {"start": "00:52:36", "end": "00:52:40", "text": "world of trading. It's not dangerous if"}, {"start": "00:52:38", "end": "00:52:41", "text": "you know uh the mechanical rules and you"}, {"start": "00:52:40", "end": "00:52:43", "text": "have trend. that if you don't have it,"}, {"start": "00:52:41", "end": "00:52:45", "text": "it's very dangerous. So, it's your"}, {"start": "00:52:43", "end": "00:52:46", "text": "helper. It's your magic wand. And then"}, {"start": "00:52:45", "end": "00:52:47", "text": "for fun, you can I mean, you can go"}, {"start": "00:52:46", "end": "00:52:51", "text": "here, you can LAR a bit. You can say,"}, {"start": "00:52:47", "end": "00:52:53", "text": "\"Oh, PE 12. Okay, is you then you go"}, {"start": "00:52:51", "end": "00:52:55", "text": "with your bros. You go with your bros."}, {"start": "00:52:53", "end": "00:52:58", "text": "You can discuss how you know Adobe has"}, {"start": "00:52:55", "end": "00:53:00", "text": "PE of 12. Maybe he has a company,"}, {"start": "00:52:58", "end": "00:53:02", "text": "another PE. You can check your"}, {"start": "00:53:00", "end": "00:53:05", "text": "financials,"}, {"start": "00:53:02", "end": "00:53:08", "text": "okay? Revenue, bam, bam, bam.\" You can"}, {"start": "00:53:05", "end": "00:53:10", "text": "say, \"Oh, look here. Revenue, bam, bam,"}, {"start": "00:53:08", "end": "00:53:12", "text": "bam, growing.\" Okay. [gasps]"}, {"start": "00:53:10", "end": "00:53:14", "text": "Oh, cost of revenue also growing. Bum,"}, {"start": "00:53:12", "end": "00:53:17", "text": "bum. Then you and your bros can analyze"}, {"start": "00:53:14", "end": "00:53:19", "text": "you. Is it good? Is it bad? Is it what's"}, {"start": "00:53:17", "end": "00:53:21", "text": "happening? [laughter] Anyway, guys, you"}, {"start": "00:53:19", "end": "00:53:22", "text": "get the point. You get the point. You"}, {"start": "00:53:21", "end": "00:53:24", "text": "get the point."}, {"start": "00:53:22", "end": "00:53:27", "text": "Don't LAR Wall Street if it's not just"}, {"start": "00:53:24", "end": "00:53:29", "text": "for fun. Follow the Trion. That's it."}, {"start": "00:53:27", "end": "00:53:30", "text": "That's it."}, {"start": "00:53:29", "end": "00:53:32", "text": "James says, \"Really interesting"}, {"start": "00:53:30", "end": "00:53:33", "text": "analysis.\" Thank you very much and thank"}, {"start": "00:53:32", "end": "00:53:36", "text": "you for asking the question for"}, {"start": "00:53:33", "end": "00:53:39", "text": "prompting. You see, when you use AI, the"}, {"start": "00:53:36", "end": "00:53:41", "text": "biggest skill is prompting. So, it's the"}, {"start": "00:53:39", "end": "00:53:43", "text": "same with you guys. You make the stream"}, {"start": "00:53:41", "end": "00:53:47", "text": "more or less interesting by prompting"}, {"start": "00:53:43", "end": "00:53:49", "text": "the interesting questions. Exactly."}, {"start": "00:53:47", "end": "00:53:49", "text": "[snorts]"}, {"start": "00:53:50", "end": "00:53:58", "text": "Tony is saying, \"It's so nice"}, {"start": "00:53:53", "end": "00:54:00", "text": "having to worry about PE stuff.\""}, {"start": "00:53:58", "end": "00:54:02", "text": "Uh, I guess not to worry. You mean I I"}, {"start": "00:54:00", "end": "00:54:04", "text": "guess not to worry. So nice having not"}, {"start": "00:54:02", "end": "00:54:06", "text": "to worry about P stuff. Jason says"}, {"start": "00:54:04", "end": "00:54:08", "text": "biotech. Yeah. Biotech is massive. So"}, {"start": "00:54:06", "end": "00:54:09", "text": "biotech also. Yes. You you're leaking a"}, {"start": "00:54:08", "end": "00:54:12", "text": "bit of alpha from Bulmania. But now that"}, {"start": "00:54:09", "end": "00:54:14", "text": "you have leaked it a bit, let me leak a"}, {"start": "00:54:12", "end": "00:54:19", "text": "bit more. Okay, [laughter] let me leak a"}, {"start": "00:54:14", "end": "00:54:22", "text": "bit more. We have here in the stocks the"}, {"start": "00:54:19", "end": "00:54:25", "text": "categories biotech. Check here. Very"}, {"start": "00:54:22", "end": "00:54:28", "text": "important. Very important in terms of"}, {"start": "00:54:25", "end": "00:54:33", "text": "the stock. Yes, it is the potentially"}, {"start": "00:54:28", "end": "00:54:33", "text": "the next one I lar"}, {"start": "00:54:34", "end": "00:54:36", "text": "you know. It's fine. It's fine laring"}, {"start": "00:54:35", "end": "00:54:39", "text": "wit. If you understand that you're"}, {"start": "00:54:36", "end": "00:54:42", "text": "laring, then it's totally fine. I mean,"}, {"start": "00:54:39", "end": "00:54:44", "text": "man, I lar a medieval knight. When I"}, {"start": "00:54:42", "end": "00:54:46", "text": "play Runescape, I'm a medieval freaking"}, {"start": "00:54:44", "end": "00:54:48", "text": "knight. I was laring as I was a kid, you"}, {"start": "00:54:46", "end": "00:54:51", "text": "know, but I knew I'm I'm laring. I"}, {"start": "00:54:48", "end": "00:54:55", "text": "didn't think of myself as a medieval"}, {"start": "00:54:51", "end": "00:54:55", "text": "knight doing quest. [laughter]"}, {"start": "00:54:56", "end": "00:55:01", "text": "Bro, how much coffee in that thing? Let"}, {"start": "00:54:57", "end": "00:55:03", "text": "me finalize it."}, {"start": "00:55:01", "end": "00:55:05", "text": "Let me finalize it and we'll take some"}, {"start": "00:55:03", "end": "00:55:05", "text": "more."}, {"start": "00:55:05", "end": "00:55:09", "text": "Coffee is very nice guys. If you drink"}, {"start": "00:55:07", "end": "00:55:11", "text": "tea, switch to coffee."}, {"start": "00:55:09", "end": "00:55:11", "text": "[snorts]"}, {"start": "00:55:11", "end": "00:55:18", "text": "Uh rock water. Isak. What's happening?"}, {"start": "00:55:14", "end": "00:55:20", "text": "Isak rock water. Good."}, {"start": "00:55:18", "end": "00:55:23", "text": "It is the lemon cup. Yes. Yes. Yes."}, {"start": "00:55:20", "end": "00:55:26", "text": "Yesterday we had the mumin. You you you"}, {"start": "00:55:23", "end": "00:55:26", "text": "know the mumin"}, {"start": "00:55:26", "end": "00:55:30", "text": "from Finland. You know the mumin or you"}, {"start": "00:55:28", "end": "00:55:32", "text": "know the you don't know. You don't know."}, {"start": "00:55:30", "end": "00:55:33", "text": "You see guys, you're uneducated. You"}, {"start": "00:55:32", "end": "00:55:36", "text": "don't you don't know the movement."}, {"start": "00:55:33", "end": "00:55:36", "text": "[laughter]"}, {"start": "00:55:38", "end": "00:55:41", "text": "You guys are educated or you're"}, {"start": "00:55:39", "end": "00:55:45", "text": "uneducated."}, {"start": "00:55:41", "end": "00:55:45", "text": "Hey, big shout. Big shout. Big shout."}, {"start": "00:55:46", "end": "00:55:50", "text": "Or how is it in English?"}, {"start": "00:55:49", "end": "00:55:54", "text": "It's mum troll in English. You remember"}, {"start": "00:55:50", "end": "00:55:56", "text": "the cup from yesterday? This white"}, {"start": "00:55:54", "end": "00:55:59", "text": "bloblike creature uh cup. You remember"}, {"start": "00:55:56", "end": "00:55:59", "text": "from yesterday?"}, {"start": "00:56:02", "end": "00:56:06", "text": "Argentina won fair and square. Who won?"}, {"start": "00:56:04", "end": "00:56:08", "text": "You mean world? What happened guys? What"}, {"start": "00:56:06", "end": "00:56:11", "text": "happened? US is out."}, {"start": "00:56:08", "end": "00:56:13", "text": "Trump has not sanctioned Belgium. I see."}, {"start": "00:56:11", "end": "00:56:15", "text": "Uh Argentina."}, {"start": "00:56:13", "end": "00:56:18", "text": "What happened? I I don't really follow"}, {"start": "00:56:15", "end": "00:56:22", "text": "it. Uh but now I followed follow a bit"}, {"start": "00:56:18", "end": "00:56:23", "text": "because of uh Norway and um and uh"}, {"start": "00:56:22", "end": "00:56:26", "text": "Holland."}, {"start": "00:56:23", "end": "00:56:29", "text": "uh you know the the amount of memes and"}, {"start": "00:56:26", "end": "00:56:32", "text": "the amount of content is propagating"}, {"start": "00:56:29", "end": "00:56:34", "text": "even to me where I don't follow. So uh"}, {"start": "00:56:32", "end": "00:56:36", "text": "let's see if Norway what's Norway going"}, {"start": "00:56:34", "end": "00:56:38", "text": "to do next? I I'm following Norway"}, {"start": "00:56:36", "end": "00:56:40", "text": "because of Holland and all of these uh"}, {"start": "00:56:38", "end": "00:56:44", "text": "memes. Norway what they going to do? If"}, {"start": "00:56:40", "end": "00:56:44", "text": "you are from Norway, big shout out."}, {"start": "00:56:45", "end": "00:56:50", "text": "What they going to do next? Let's see."}, {"start": "00:56:48", "end": "00:56:51", "text": "Uh"}, {"start": "00:56:50", "end": "00:56:55", "text": "quarterfinal"}, {"start": "00:56:51", "end": "00:56:59", "text": "England. England. When is that?"}, {"start": "00:56:55", "end": "00:57:01", "text": "Sunday. Sunday. Okay."}, {"start": "00:56:59", "end": "00:57:05", "text": "Yeah. I mean, Norway makes me give into"}, {"start": "00:57:01", "end": "00:57:09", "text": "this bread and circus kind of stuff."}, {"start": "00:57:05", "end": "00:57:10", "text": "Uh follow the the pleb football. So,"}, {"start": "00:57:09", "end": "00:57:12", "text": "what's what's going to happen?"}, {"start": "00:57:10", "end": "00:57:14", "text": "Quarterfinal. Okay. Yeah. When is"}, {"start": "00:57:12", "end": "00:57:16", "text": "ending? When is the when is World Cup"}, {"start": "00:57:14", "end": "00:57:17", "text": "ending? I mean, in one way, I also kind"}, {"start": "00:57:16", "end": "00:57:19", "text": "of want it to end so we can focus on"}, {"start": "00:57:17", "end": "00:57:21", "text": "crypto more because people are"}, {"start": "00:57:19", "end": "00:57:24", "text": "distracted. I see. Ah, it's ending soon."}, {"start": "00:57:21", "end": "00:57:26", "text": "Okay. 19th. Okay. It's gone soon. Good."}, {"start": "00:57:24", "end": "00:57:28", "text": "Good. I I wanted to end guys also"}, {"start": "00:57:26", "end": "00:57:30", "text": "because you know people focus on this so"}, {"start": "00:57:28", "end": "00:57:31", "text": "much man. We need to focus on crypto."}, {"start": "00:57:30", "end": "00:57:32", "text": "You know bull market is coming. But yeah"}, {"start": "00:57:31", "end": "00:57:35", "text": "it's good. It's good. It's good. We"}, {"start": "00:57:32", "end": "00:57:37", "text": "focus a bit on it. But okay. So it's"}, {"start": "00:57:35", "end": "00:57:38", "text": "this Sunday it's quarterfinal Norway"}, {"start": "00:57:37", "end": "00:57:41", "text": "England. That's good. That's good. And"}, {"start": "00:57:38", "end": "00:57:43", "text": "then in a week it's over. Phenito. Good."}, {"start": "00:57:41", "end": "00:57:45", "text": "And then maybe bull market will start."}, {"start": "00:57:43", "end": "00:57:48", "text": "But guys actually after world cup"}, {"start": "00:57:45", "end": "00:57:50", "text": "speaking about that bishop I mean I I'm"}, {"start": "00:57:48", "end": "00:57:52", "text": "also going to watch uh Sunday. Look here"}, {"start": "00:57:50", "end": "00:57:54", "text": "uh after World Cup we have to be a bit"}, {"start": "00:57:52", "end": "00:57:57", "text": "careful in case Trump wants to do more"}, {"start": "00:57:54", "end": "00:57:59", "text": "Iran. I think he's been missing Iran."}, {"start": "00:57:57", "end": "00:58:01", "text": "He's been missing the drama with Iran."}, {"start": "00:57:59", "end": "00:58:02", "text": "He cannot really do too much now with"}, {"start": "00:58:01", "end": "00:58:07", "text": "the World Cup because it's in the US you"}, {"start": "00:58:02", "end": "00:58:07", "text": "know he he need to be calm"}, {"start": "00:58:07", "end": "00:58:13", "text": "and u yeah so World Cup when it's over"}, {"start": "00:58:11", "end": "00:58:16", "text": "we may see a bit of motion we may see a"}, {"start": "00:58:13", "end": "00:58:18", "text": "bit of uh situation"}, {"start": "00:58:16", "end": "00:58:22", "text": "by the way. People are saying he's"}, {"start": "00:58:18", "end": "00:58:25", "text": "already doing guys guys guys."}, {"start": "00:58:22", "end": "00:58:28", "text": "Iran"}, {"start": "00:58:25", "end": "00:58:30", "text": "maybe US got eliminated and he said the"}, {"start": "00:58:28", "end": "00:58:32", "text": "effort you know world for him world cup"}, {"start": "00:58:30", "end": "00:58:36", "text": "is over. I mean US is out Belgium to"}, {"start": "00:58:32", "end": "00:58:38", "text": "took them out. So maybe he said e it oh."}, {"start": "00:58:36", "end": "00:58:40", "text": "Oh guys actually yeah it's happening."}, {"start": "00:58:38", "end": "00:58:43", "text": "It's happening. Sham says ceasefire is"}, {"start": "00:58:40", "end": "00:58:43", "text": "over"}, {"start": "00:58:43", "end": "00:58:47", "text": "[gasps]"}, {"start": "00:58:44", "end": "00:58:50", "text": "man. Okay. Hey, he didn't even wait for"}, {"start": "00:58:47", "end": "00:58:53", "text": "World Cup to end. He He didn't even wait"}, {"start": "00:58:50", "end": "00:58:55", "text": "for World Cup to end."}, {"start": "00:58:53", "end": "00:58:59", "text": "He waited for us to be eliminated and"}, {"start": "00:58:55", "end": "00:59:01", "text": "for him it's ended. [laughter]"}, {"start": "00:58:59", "end": "00:59:04", "text": "Fantastic."}, {"start": "00:59:01", "end": "00:59:06", "text": "[gasps] Fantastic. Fantastic. Fantastic."}, {"start": "00:59:04", "end": "00:59:09", "text": "Let's see. Oil, guys. But I think that's"}, {"start": "00:59:06", "end": "00:59:11", "text": "for another day. Let's check in on on"}, {"start": "00:59:09", "end": "00:59:13", "text": "this in the next stream."}, {"start": "00:59:11", "end": "00:59:15", "text": "It's a good uh cliffhanger for the next"}, {"start": "00:59:13", "end": "00:59:17", "text": "stream."}, {"start": "00:59:15", "end": "00:59:19", "text": "Ah, oil spiking. Okay guys, it's perfect"}, {"start": "00:59:17", "end": "00:59:21", "text": "cliffhanger for the next stream. Guys,"}, {"start": "00:59:19", "end": "00:59:23", "text": "thanks a lot for being here. Thanks a"}, {"start": "00:59:21", "end": "00:59:26", "text": "lot for contributing to the chat. Trump,"}, {"start": "00:59:23", "end": "00:59:28", "text": "we ended right on the highest note."}, {"start": "00:59:26", "end": "00:59:30", "text": "Trump says we they're going to go back"}, {"start": "00:59:28", "end": "00:59:34", "text": "to Iran. He's been missing Iran. World"}, {"start": "00:59:30", "end": "00:59:36", "text": "Cup is over for him. US is out. Now we"}, {"start": "00:59:34", "end": "00:59:38", "text": "go to Middle East. Okay guys, thank you"}, {"start": "00:59:36", "end": "00:59:40", "text": "very much. Big shout out to Dub for time"}, {"start": "00:59:38", "end": "00:59:43", "text": "sp time time stamping. Not time"}, {"start": "00:59:40", "end": "00:59:46", "text": "spanking, time stamping. And goodbye."}, {"start": "00:59:43", "end": "00:59:46", "text": "Goodbye. Goodbye. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "for clicking."}, {"start": "00:00:02", "end": "00:00:06", "text": "Oh yes, oh yes, yes, yes. Guys, welcome"}, {"start": "00:00:04", "end": "00:00:07", "text": "to another episode. And as you can see"}, {"start": "00:00:06", "end": "00:00:09", "text": "right now, Bitcoin is doing something"}, {"start": "00:00:07", "end": "00:00:12", "text": "very interesting. We're now back above"}, {"start": "00:00:09", "end": "00:00:15", "text": "the 200E moving average. We did see a"}, {"start": "00:00:12", "end": "00:00:19", "text": "bit of a pump yesterday all the way here"}, {"start": "00:00:15", "end": "00:00:22", "text": "to 64. But just like I told you guys, we"}, {"start": "00:00:19", "end": "00:00:25", "text": "are likely facing a retest of this 200E"}, {"start": "00:00:22", "end": "00:00:27", "text": "moving average before the next nice,"}, {"start": "00:00:25", "end": "00:00:29", "text": "beautiful flash down towards the 40s and"}, {"start": "00:00:27", "end": "00:00:31", "text": "the 50s. And it's very good for us"}, {"start": "00:00:29", "end": "00:00:34", "text": "because it's a big discount. But but but"}, {"start": "00:00:31", "end": "00:00:36", "text": "but this is the buy zone. Everything in"}, {"start": "00:00:34", "end": "00:00:40", "text": "the green box that you see here, it"}, {"start": "00:00:36", "end": "00:00:42", "text": "means cheap Bitcoin. So DCA here is"}, {"start": "00:00:40", "end": "00:00:44", "text": "fantastic. Fantastic. But likely guys,"}, {"start": "00:00:42", "end": "00:00:47", "text": "we're going to have another small boop"}, {"start": "00:00:44", "end": "00:00:49", "text": "dip down. Maybe 50, maybe 40 with a"}, {"start": "00:00:47", "end": "00:00:51", "text": "very, very high likelihood. Not"}, {"start": "00:00:49", "end": "00:00:54", "text": "guaranteed. Nothing is guaranteed."}, {"start": "00:00:51", "end": "00:00:57", "text": "Nothing is guaranteed, but very likely."}, {"start": "00:00:54", "end": "00:00:59", "text": "Also guys, Sailor now is dumping. The"}, {"start": "00:00:57", "end": "00:01:02", "text": "big news yesterday was that Sailor"}, {"start": "00:00:59", "end": "00:01:04", "text": "dumped $216"}, {"start": "00:01:02", "end": "00:01:06", "text": "million"}, {"start": "00:01:04", "end": "00:01:09", "text": "worth of Bitcoin in order to fund the"}, {"start": "00:01:06", "end": "00:01:11", "text": "dividends uh for Stretch. Stretch is not"}, {"start": "00:01:09", "end": "00:01:13", "text": "doing well. Stretch cannot even recover"}, {"start": "00:01:11", "end": "00:01:15", "text": "to 100 with all of this. He's trying to"}, {"start": "00:01:13", "end": "00:01:17", "text": "get it up. He's trying to tell the"}, {"start": "00:01:15", "end": "00:01:19", "text": "market, \"Hey market, I have money."}, {"start": "00:01:17", "end": "00:01:21", "text": "Please believe me. I have money to pay"}, {"start": "00:01:19", "end": "00:01:24", "text": "dividend. Please go up to 100. Please go"}, {"start": "00:01:21", "end": "00:01:25", "text": "up to 100.\" The market gave him a bit. I"}, {"start": "00:01:24", "end": "00:01:28", "text": "mean some people bought here but it's"}, {"start": "00:01:25", "end": "00:01:30", "text": "still so far away from 100. We were"}, {"start": "00:01:28", "end": "00:01:34", "text": "starting the to sound the alarm bell"}, {"start": "00:01:30", "end": "00:01:36", "text": "already here at 98 96. Now it is 88"}, {"start": "00:01:34", "end": "00:01:38", "text": "still. Let's see if he can get it back"}, {"start": "00:01:36", "end": "00:01:41", "text": "to 100. But at the end of the day he"}, {"start": "00:01:38", "end": "00:01:43", "text": "needs to sell more Bitcoin to fund the"}, {"start": "00:01:41", "end": "00:01:46", "text": "dividends. He will have to sell more"}, {"start": "00:01:43", "end": "00:01:47", "text": "Bitcoin just like Heidi is saying here."}, {"start": "00:01:46", "end": "00:01:49", "text": "Maybe Strategy Maxis will finally"}, {"start": "00:01:47", "end": "00:01:51", "text": "understand this is how the dividends are"}, {"start": "00:01:49", "end": "00:01:54", "text": "funded. either you dilute the"}, {"start": "00:01:51", "end": "00:01:58", "text": "shareholders by buying sorry by selling"}, {"start": "00:01:54", "end": "00:02:01", "text": "MSTR stock and buying Bitcoin or selling"}, {"start": "00:01:58", "end": "00:02:03", "text": "MSTR stock and paying dividends which he"}, {"start": "00:02:01", "end": "00:02:04", "text": "has to do now. He cannot buy Bitcoin"}, {"start": "00:02:03", "end": "00:02:07", "text": "anymore. He needs to sell and then pay"}, {"start": "00:02:04", "end": "00:02:09", "text": "dividends or or or he just needs to sell"}, {"start": "00:02:07", "end": "00:02:10", "text": "Bitcoin to pay dividends. Okay, there is"}, {"start": "00:02:09", "end": "00:02:12", "text": "no second best. There is no other"}, {"start": "00:02:10", "end": "00:02:14", "text": "option. Guys, the good thing is the good"}, {"start": "00:02:12", "end": "00:02:17", "text": "thing is uh likely it is around the"}, {"start": "00:02:14", "end": "00:02:20", "text": "bottom. We're seeing now this um peak"}, {"start": "00:02:17", "end": "00:02:23", "text": "peak peak problems with strategy. They"}, {"start": "00:02:20", "end": "00:02:26", "text": "are dumping and likely sailor is selling"}, {"start": "00:02:23", "end": "00:02:28", "text": "near or close to the Bitcoin bottom."}, {"start": "00:02:26", "end": "00:02:31", "text": "Okay. Uh that's why don't get surprised"}, {"start": "00:02:28", "end": "00:02:34", "text": "if uh we go down to 50s and 40s here"}, {"start": "00:02:31", "end": "00:02:36", "text": "quite uh quite fast or maybe we bottom"}, {"start": "00:02:34", "end": "00:02:38", "text": "out here like any of these options are"}, {"start": "00:02:36", "end": "00:02:39", "text": "good for us. We don't care whether we go"}, {"start": "00:02:38", "end": "00:02:41", "text": "to 40 or 50. I think it's a high"}, {"start": "00:02:39", "end": "00:02:43", "text": "likelihood but potentially potentially"}, {"start": "00:02:41", "end": "00:02:46", "text": "we don't because we're so far in the"}, {"start": "00:02:43", "end": "00:02:48", "text": "bear. You should have sold here in Q4 in"}, {"start": "00:02:46", "end": "00:02:50", "text": "October like I told you. Now it's so you"}, {"start": "00:02:48", "end": "00:02:51", "text": "know so far whether we go or not go it's"}, {"start": "00:02:50", "end": "00:02:54", "text": "a bit secondary. It's a bit secondary."}, {"start": "00:02:51", "end": "00:02:56", "text": "We reached the buy zone. We reached the"}, {"start": "00:02:54", "end": "00:02:59", "text": "promised land and now you know things"}, {"start": "00:02:56", "end": "00:03:02", "text": "are quite good in terms of uh signals in"}, {"start": "00:02:59", "end": "00:03:04", "text": "terms of uh big signals that potentially"}, {"start": "00:03:02", "end": "00:03:06", "text": "is the bottom with sailor selling. Also"}, {"start": "00:03:04", "end": "00:03:08", "text": "guys I mean some people are saying but"}, {"start": "00:03:06", "end": "00:03:10", "text": "Ivan you're too harsh on sailor because"}, {"start": "00:03:08", "end": "00:03:11", "text": "sailor said never sell your bitcoin that"}, {"start": "00:03:10", "end": "00:03:13", "text": "you should not sell your bitcoin but he"}, {"start": "00:03:11", "end": "00:03:15", "text": "can sell bitcoin. Do you remember that"}, {"start": "00:03:13", "end": "00:03:18", "text": "he explained that what he meant here? He"}, {"start": "00:03:15", "end": "00:03:20", "text": "said that no he never he said that he he"}, {"start": "00:03:18", "end": "00:03:23", "text": "always were were honest and upfront and"}, {"start": "00:03:20", "end": "00:03:25", "text": "that um he meant that you don't sell but"}, {"start": "00:03:23", "end": "00:03:28", "text": "he sells. Okay, listen to this."}, {"start": "00:03:25", "end": "00:03:31", "text": ">> Yeah. Well, the point is I said to by"}, {"start": "00:03:28", "end": "00:03:33", "text": "the way I said to you never sell your"}, {"start": "00:03:31", "end": "00:03:36", "text": "Bitcoin. I never said that the company"}, {"start": "00:03:33", "end": "00:03:36", "text": "wouldn't sell his Bitcoin and anybody"}, {"start": "00:03:36", "end": "00:03:38", "text": "that's been"}, {"start": "00:03:36", "end": "00:03:41", "text": ">> Yeah. You remember that? Well, I mean"}, {"start": "00:03:38", "end": "00:03:43", "text": "when you look at his old tweets, man,"}, {"start": "00:03:41", "end": "00:03:45", "text": "look here. The rules of Bitcoin. Buy"}, {"start": "00:03:43", "end": "00:03:47", "text": "Bitcoin, don't sell the Bitcoin. Never"}, {"start": "00:03:45", "end": "00:03:48", "text": "sell the Bitcoin. This sailor said it."}, {"start": "00:03:47", "end": "00:03:50", "text": "When you buy Bitcoin, you strengthen the"}, {"start": "00:03:48", "end": "00:03:52", "text": "network. When you sell Bitcoin, you"}, {"start": "00:03:50", "end": "00:03:54", "text": "weaken it. Sailor said it. Sailor said"}, {"start": "00:03:52", "end": "00:03:56", "text": "it."}, {"start": "00:03:54", "end": "00:03:57", "text": "You do not sell your Bitcoin. Sell a"}, {"start": "00:03:56", "end": "00:03:59", "text": "kidney if you must, but keep the"}, {"start": "00:03:57", "end": "00:04:00", "text": "Bitcoin."}, {"start": "00:03:59", "end": "00:04:02", "text": "Guys, guys, guys. I mean, apparently"}, {"start": "00:04:00", "end": "00:04:05", "text": "it's some kind of misunderstanding. He"}, {"start": "00:04:02", "end": "00:04:07", "text": "meant that he can sell, but you I mean,"}, {"start": "00:04:05", "end": "00:04:10", "text": "you sell your kidney. You you kidney"}, {"start": "00:04:07", "end": "00:04:11", "text": "sell. He he not sell kidney. No, I love"}, {"start": "00:04:10", "end": "00:04:14", "text": "it. But guys, listen. We're be we're"}, {"start": "00:04:11", "end": "00:04:15", "text": "beating a dead horse here. I think um I"}, {"start": "00:04:14", "end": "00:04:17", "text": "mean all of you guys here know we've"}, {"start": "00:04:15", "end": "00:04:18", "text": "been super careful with strategy. We"}, {"start": "00:04:17", "end": "00:04:20", "text": "said to be careful already months and"}, {"start": "00:04:18", "end": "00:04:21", "text": "months and months and months and months"}, {"start": "00:04:20", "end": "00:04:23", "text": "and months and months ago. We also said"}, {"start": "00:04:21", "end": "00:04:26", "text": "that should strategy get into bigger"}, {"start": "00:04:23", "end": "00:04:29", "text": "problem should they have bigger issue."}, {"start": "00:04:26", "end": "00:04:32", "text": "Should they sell big amounts likely"}, {"start": "00:04:29", "end": "00:04:34", "text": "likely we're close to the bottom because"}, {"start": "00:04:32", "end": "00:04:37", "text": "the market is the best market is always"}, {"start": "00:04:34", "end": "00:04:40", "text": "the best. It makes the best scenario the"}, {"start": "00:04:37", "end": "00:04:43", "text": "reality. seller buying at 120 and then"}, {"start": "00:04:40", "end": "00:04:45", "text": "selling at 60 is like the best scenario."}, {"start": "00:04:43", "end": "00:04:47", "text": "You buy super high when you sell super"}, {"start": "00:04:45", "end": "00:04:49", "text": "low. Fantastic. So don't get surprised,"}, {"start": "00:04:47", "end": "00:04:51", "text": "guys, if we're we're getting close to"}, {"start": "00:04:49", "end": "00:04:52", "text": "the bottom here. And this is one of the"}, {"start": "00:04:51", "end": "00:04:54", "text": "bull signals. Actually, seller selling"}, {"start": "00:04:52", "end": "00:04:56", "text": "is a bull signal. I mean, at least for"}, {"start": "00:04:54", "end": "00:04:58", "text": "Bitcoin, for Micro Strategy, for"}, {"start": "00:04:56", "end": "00:04:59", "text": "Stretch, you guys are on your own if you"}, {"start": "00:04:58", "end": "00:05:01", "text": "have that. I mean, I'm I'm I'm not part"}, {"start": "00:04:59", "end": "00:05:03", "text": "of that. I already explained to you many"}, {"start": "00:05:01", "end": "00:05:05", "text": "times why why I'm not part of that. If"}, {"start": "00:05:03", "end": "00:05:06", "text": "you're there, good luck. I just keep to"}, {"start": "00:05:05", "end": "00:05:08", "text": "Bitcoin. If you want more volatility"}, {"start": "00:05:06", "end": "00:05:11", "text": "because people say I want I want more"}, {"start": "00:05:08", "end": "00:05:13", "text": "money just bitcoin is not enough so I"}, {"start": "00:05:11", "end": "00:05:15", "text": "want more money I want more money that's"}, {"start": "00:05:13", "end": "00:05:17", "text": "why I buy micro strategy so it pumps"}, {"start": "00:05:15", "end": "00:05:19", "text": "more okay because I want more money it's"}, {"start": "00:05:17", "end": "00:05:20", "text": "not enough for me just bitcoin I want"}, {"start": "00:05:19", "end": "00:05:22", "text": "more well I mean for that you can use"}, {"start": "00:05:20", "end": "00:05:25", "text": "bitcoin with leverage yourself this is"}, {"start": "00:05:22", "end": "00:05:26", "text": "what what's so crazy because what what"}, {"start": "00:05:25", "end": "00:05:29", "text": "micro strategy is doing is bitcoin with"}, {"start": "00:05:26", "end": "00:05:30", "text": "leverage you can go to bull.com/partners"}, {"start": "00:05:29", "end": "00:05:32", "text": "you can sign up on buy bit here get big"}, {"start": "00:05:30", "end": "00:05:34", "text": "fat signup bonus buy on eggs or weeks"}, {"start": "00:05:32", "end": "00:05:35", "text": "like you know you can trade leverage"}, {"start": "00:05:34", "end": "00:05:37", "text": "bitcoin yourself but You actually have"}, {"start": "00:05:35", "end": "00:05:38", "text": "control of the stop loss. You have"}, {"start": "00:05:37", "end": "00:05:40", "text": "control of the whole thing. Go to"}, {"start": "00:05:38", "end": "00:05:43", "text": "bulmia.com to learn about how to set"}, {"start": "00:05:40", "end": "00:05:44", "text": "stop loss and so on so forth by watching"}, {"start": "00:05:43", "end": "00:05:46", "text": "this videos about mechanical rules and"}, {"start": "00:05:44", "end": "00:05:48", "text": "signing up for the weight list to get"}, {"start": "00:05:46", "end": "00:05:49", "text": "access to all our tools. Like you can do"}, {"start": "00:05:48", "end": "00:05:52", "text": "what Sailor is doing, but you can do it"}, {"start": "00:05:49", "end": "00:05:55", "text": "better because Sailor's just winging it."}, {"start": "00:05:52", "end": "00:05:58", "text": "He's winging. I mean literally Sailor is"}, {"start": "00:05:55", "end": "00:06:01", "text": "winging the whole thing. He asked AI,"}, {"start": "00:05:58", "end": "00:06:04", "text": "\"Hey JP, please do for me stretch."}, {"start": "00:06:01", "end": "00:06:06", "text": "Please do. Make no mistake.\""}, {"start": "00:06:04", "end": "00:06:08", "text": "You know these memes on Instagram, this"}, {"start": "00:06:06", "end": "00:06:11", "text": "guy that says, \"Hey, Chip, how are you?"}, {"start": "00:06:08", "end": "00:06:14", "text": "Enough. Enough. Quiet. Shut up. Enough."}, {"start": "00:06:11", "end": "00:06:16", "text": "Make me rich fast. Make no mistake. You"}, {"start": "00:06:14", "end": "00:06:18", "text": "can you Yes, you can. You ch says, \"Oh,"}, {"start": "00:06:16", "end": "00:06:20", "text": "it's a long plan.\" No, you can. You can."}, {"start": "00:06:18", "end": "00:06:24", "text": "You can do it now. Now, the seller is"}, {"start": "00:06:20", "end": "00:06:26", "text": "like that. And literally the the worst"}, {"start": "00:06:24", "end": "00:06:28", "text": "capital allocator I've ever seen with"}, {"start": "00:06:26", "end": "00:06:30", "text": "buying 120, selling selling 60. Ah,"}, {"start": "00:06:28", "end": "00:06:33", "text": "guys, it's you cannot make it up. You"}, {"start": "00:06:30", "end": "00:06:34", "text": "cannot make it up. So, uh, look here."}, {"start": "00:06:33", "end": "00:06:38", "text": "Look here. Here, Wall Street is also"}, {"start": "00:06:34", "end": "00:06:39", "text": "understanding it. Overall, we do see uh"}, {"start": "00:06:38", "end": "00:06:41", "text": "kind of the see-through the see-through"}, {"start": "00:06:39", "end": "00:06:43", "text": "of this uh a bit of a bluff with"}, {"start": "00:06:41", "end": "00:06:46", "text": "infinite money. Listen to this."}, {"start": "00:06:43", "end": "00:06:49", "text": ">> They've been issuing debt to generate"}, {"start": "00:06:46", "end": "00:06:52", "text": "cash to then turn around and buy"}, {"start": "00:06:49", "end": "00:06:55", "text": "Bitcoin. The issue now is that both of"}, {"start": "00:06:52", "end": "00:06:57", "text": "those products are trading below par"}, {"start": "00:06:55", "end": "00:07:00", "text": "value. They can't issue more of those"}, {"start": "00:06:57", "end": "00:07:03", "text": "securities to create a bid for Bitcoin."}, {"start": "00:07:00", "end": "00:07:06", "text": "At the same time, they have a"}, {"start": "00:07:03", "end": "00:07:09", "text": "contractual obligation to pay back"}, {"start": "00:07:06", "end": "00:07:11", "text": "billions of dollars in the coming years."}, {"start": "00:07:09", "end": "00:07:13", "text": "There's only two ways they can generate"}, {"start": "00:07:11", "end": "00:07:15", "text": "that cash. They can either sell their"}, {"start": "00:07:13", "end": "00:07:18", "text": "Bitcoin, which is what they've started"}, {"start": "00:07:15", "end": "00:07:20", "text": "to do. So, if you remember, I think a"}, {"start": "00:07:18", "end": "00:07:22", "text": "year ago, Michael Sailor said, \"If you"}, {"start": "00:07:20", "end": "00:07:23", "text": "must sell your kidney, but whatever you"}, {"start": "00:07:22", "end": "00:07:25", "text": "do, don't sell your Bitcoin.\" Well, he's"}, {"start": "00:07:23", "end": "00:07:28", "text": "selling the Bitcoin. So either you sell"}, {"start": "00:07:25", "end": "00:07:30", "text": "your bitcoin or you dilute your common"}, {"start": "00:07:28", "end": "00:07:33", "text": "stock by issuing shares of micro"}, {"start": "00:07:30", "end": "00:07:35", "text": "strategy. So that is the reason why we"}, {"start": "00:07:33", "end": "00:07:38", "text": "have the hangover in this category."}, {"start": "00:07:35", "end": "00:07:41", "text": ">> Yeah. Yeah. So uh guys overall even"}, {"start": "00:07:38", "end": "00:07:44", "text": "though we are we we're calling out"}, {"start": "00:07:41", "end": "00:07:46", "text": "sailor for yeah many many months now."}, {"start": "00:07:44", "end": "00:07:48", "text": "The conclusion here now that the whole"}, {"start": "00:07:46", "end": "00:07:51", "text": "world understands it is that it's"}, {"start": "00:07:48", "end": "00:07:54", "text": "bullish. You understand? Things are only"}, {"start": "00:07:51", "end": "00:07:55", "text": "bearish before they materialize. when a"}, {"start": "00:07:54", "end": "00:07:57", "text": "bad things bearish thing happens it"}, {"start": "00:07:55", "end": "00:07:59", "text": "materializes"}, {"start": "00:07:57", "end": "00:08:01", "text": "the noob will make the mistake of"}, {"start": "00:07:59", "end": "00:08:03", "text": "thinking that okay now it's bearish you"}, {"start": "00:08:01", "end": "00:08:05", "text": "know the bearish thing happens so now"}, {"start": "00:08:03", "end": "00:08:07", "text": "now I have to be no but no no no it's"}, {"start": "00:08:05", "end": "00:08:09", "text": "always forwardlooking markets are always"}, {"start": "00:08:07", "end": "00:08:11", "text": "forwardlooking if the plebe does not"}, {"start": "00:08:09", "end": "00:08:13", "text": "understand something the plebbe lives in"}, {"start": "00:08:11", "end": "00:08:15", "text": "the la land and you know something like"}, {"start": "00:08:13", "end": "00:08:17", "text": "we knew that this strategy thing like"}, {"start": "00:08:15", "end": "00:08:19", "text": "it's uh it's not infant moneyish it's"}, {"start": "00:08:17", "end": "00:08:21", "text": "just taking on leverage and buying"}, {"start": "00:08:19", "end": "00:08:23", "text": "bitcoin we had an advantage here because"}, {"start": "00:08:21", "end": "00:08:25", "text": "we knew since Q4 in January this year"}, {"start": "00:08:23", "end": "00:08:27", "text": "that I mean at some point this is going"}, {"start": "00:08:25", "end": "00:08:29", "text": "to unravel kind of like it's doing now."}, {"start": "00:08:27", "end": "00:08:32", "text": "So for us the bare scenario has already"}, {"start": "00:08:29", "end": "00:08:33", "text": "taken place. So if we are forward"}, {"start": "00:08:32", "end": "00:08:36", "text": "looking you see it can only get better"}, {"start": "00:08:33", "end": "00:08:37", "text": "from here. That's the way to view"}, {"start": "00:08:36", "end": "00:08:40", "text": "markets to to be forward looking. So"}, {"start": "00:08:37", "end": "00:08:42", "text": "that's why for me this is more of a okay"}, {"start": "00:08:40", "end": "00:08:44", "text": "now it's time to be even more bullish."}, {"start": "00:08:42", "end": "00:08:46", "text": "That's very very important. So uh that's"}, {"start": "00:08:44", "end": "00:08:49", "text": "why the buy zone that we've been"}, {"start": "00:08:46", "end": "00:08:52", "text": "speaking about since Q4 since October uh"}, {"start": "00:08:49", "end": "00:08:54", "text": "last year we were risk off since here it"}, {"start": "00:08:52", "end": "00:08:56", "text": "is materializing very very nicely and uh"}, {"start": "00:08:54", "end": "00:08:57", "text": "yeah I mean our track record here is"}, {"start": "00:08:56", "end": "00:08:59", "text": "fantastic and all of you guys who have"}, {"start": "00:08:57", "end": "00:09:01", "text": "been following along congrats because"}, {"start": "00:08:59", "end": "00:09:03", "text": "now you have a lot of money to invest in"}, {"start": "00:09:01", "end": "00:09:06", "text": "this market which I can tell you most"}, {"start": "00:09:03", "end": "00:09:08", "text": "audiences don't most audiences they"}, {"start": "00:09:06", "end": "00:09:11", "text": "don't they have to pray that this market"}, {"start": "00:09:08", "end": "00:09:13", "text": "comes back and uh instead we because we"}, {"start": "00:09:11", "end": "00:09:16", "text": "have the probably our audience has the"}, {"start": "00:09:13", "end": "00:09:18", "text": "uh war chest now to deploy and for us"}, {"start": "00:09:16", "end": "00:09:21", "text": "you know everything here is cheap we can"}, {"start": "00:09:18", "end": "00:09:24", "text": "deploy uh 10 20% before the bull flip"}, {"start": "00:09:21", "end": "00:09:26", "text": "here in the in the green buy zone then"}, {"start": "00:09:24", "end": "00:09:27", "text": "it flips bullish we we go heavy we go"}, {"start": "00:09:26", "end": "00:09:30", "text": "heavy all in it's going to go to"}, {"start": "00:09:27", "end": "00:09:33", "text": "Valhalla as as it did here when the bull"}, {"start": "00:09:30", "end": "00:09:34", "text": "flip happened so very important guys I"}, {"start": "00:09:33", "end": "00:09:36", "text": "mean this is the thing you play the"}, {"start": "00:09:34", "end": "00:09:38", "text": "market correctly you're rewarded so much"}, {"start": "00:09:36", "end": "00:09:40", "text": "you're rewarded insanely well now"}, {"start": "00:09:38", "end": "00:09:43", "text": "switching gears a bit we do have Senator"}, {"start": "00:09:40", "end": "00:09:47", "text": "Lumis coming out"}, {"start": "00:09:43", "end": "00:09:49", "text": "saying that the military is going to buy"}, {"start": "00:09:47", "end": "00:09:51", "text": "1 million Bitcoin. She's pushing and"}, {"start": "00:09:49", "end": "00:09:52", "text": "pushing and pushing for you guys."}, {"start": "00:09:51", "end": "00:09:55", "text": "Unfortunately, here's the thing."}, {"start": "00:09:52", "end": "00:09:56", "text": "Unfortunately, I think we are used as a"}, {"start": "00:09:55", "end": "00:09:59", "text": "bit of a cattle here because the"}, {"start": "00:09:56", "end": "00:10:02", "text": "politicians now, including Trump, they"}, {"start": "00:09:59", "end": "00:10:05", "text": "start speaking about the reserve. They"}, {"start": "00:10:02", "end": "00:10:08", "text": "start speaking about how crypto is so"}, {"start": "00:10:05", "end": "00:10:10", "text": "great because it's midterm. We are the"}, {"start": "00:10:08", "end": "00:10:11", "text": "election cattle, just so you know. Maybe"}, {"start": "00:10:10", "end": "00:10:13", "text": "they're going to give us the reserve."}, {"start": "00:10:11", "end": "00:10:16", "text": "Who the hell knows? Just like you're a"}, {"start": "00:10:13", "end": "00:10:18", "text": "cattle cow. Maybe you get a bit of hay."}, {"start": "00:10:16", "end": "00:10:20", "text": "Okay, just so you stick around until"}, {"start": "00:10:18", "end": "00:10:24", "text": "it's time for Thanksgiving. You're a"}, {"start": "00:10:20", "end": "00:10:27", "text": "turkey straight into oven. Okay, so it"}, {"start": "00:10:24", "end": "00:10:29", "text": "is interesting now that you have midterm"}, {"start": "00:10:27", "end": "00:10:32", "text": "suddenly out of nowhere military is"}, {"start": "00:10:29", "end": "00:10:34", "text": "going to buy 1 million bitcoin. Why you"}, {"start": "00:10:32", "end": "00:10:35", "text": "didn't you had so much time to buy? You"}, {"start": "00:10:34", "end": "00:10:39", "text": "had so much time to buy. Let's see what"}, {"start": "00:10:35", "end": "00:10:42", "text": "she says. that uh there are generals uh"}, {"start": "00:10:39", "end": "00:10:44", "text": "especially in Southeast Asia uh who"}, {"start": "00:10:42", "end": "00:10:48", "text": "believe it's important to have uh"}, {"start": "00:10:44", "end": "00:10:50", "text": "strategic uh bitcoin stockpile"}, {"start": "00:10:48", "end": "00:10:54", "text": "uh because we're doing an economic war"}, {"start": "00:10:50", "end": "00:10:56", "text": "with China and we have to prepare for a"}, {"start": "00:10:54", "end": "00:11:00", "text": "uh guns and bullets war uh but we need"}, {"start": "00:10:56", "end": "00:11:02", "text": "both uh and so um all we need to do is"}, {"start": "00:11:00", "end": "00:11:05", "text": "look to the leadership of the current US"}, {"start": "00:11:02", "end": "00:11:06", "text": "military to find support for a strategic"}, {"start": "00:11:05", "end": "00:11:08", "text": "Bitcoin reserve."}, {"start": "00:11:06", "end": "00:11:09", "text": ">> Yeah. Yeah. Yeah. I mean, listen, Lumis"}, {"start": "00:11:08", "end": "00:11:10", "text": "fantastic. I I I don't know. I don't"}, {"start": "00:11:09", "end": "00:11:12", "text": "know what she delivered. Has she"}, {"start": "00:11:10", "end": "00:11:13", "text": "delivered anything? Maybe she has. Maybe"}, {"start": "00:11:12", "end": "00:11:15", "text": "she I mean, big shout out to Cinta"}, {"start": "00:11:13", "end": "00:11:17", "text": "Lumis. It's good. I mean, she's a pro"}, {"start": "00:11:15", "end": "00:11:19", "text": "Bitcoin, but sometimes you look back"}, {"start": "00:11:17", "end": "00:11:20", "text": "like, what what does she what has she"}, {"start": "00:11:19", "end": "00:11:22", "text": "Okay, yes, the narrative is very"}, {"start": "00:11:20", "end": "00:11:24", "text": "important for us. Pro crypto narrative,"}, {"start": "00:11:22", "end": "00:11:26", "text": "but what has she actually done? I mean,"}, {"start": "00:11:24", "end": "00:11:29", "text": "at the end of the day, deliver KPI."}, {"start": "00:11:26", "end": "00:11:31", "text": "What's your KPI, lady? Now, I love that"}, {"start": "00:11:29", "end": "00:11:33", "text": "she's pro bullish. Pro cryptobullish in"}, {"start": "00:11:31", "end": "00:11:37", "text": "the in the Senate or where she is in the"}, {"start": "00:11:33", "end": "00:11:40", "text": "Congress. Good. Good. But delivery man"}, {"start": "00:11:37", "end": "00:11:43", "text": "you see politician no responsibility no"}, {"start": "00:11:40", "end": "00:11:45", "text": "KPI no KPI in business you have to"}, {"start": "00:11:43", "end": "00:11:46", "text": "deliver to shareholder man each and"}, {"start": "00:11:45", "end": "00:11:50", "text": "every quarter you have to deliver sell"}, {"start": "00:11:46", "end": "00:11:53", "text": "you know do things do business KPI now"}, {"start": "00:11:50", "end": "00:11:55", "text": "another lumis man come on lumis get give"}, {"start": "00:11:53", "end": "00:11:58", "text": "give us the reserve get the generals to"}, {"start": "00:11:55", "end": "00:11:59", "text": "buy stop just speaking about it that is"}, {"start": "00:11:58", "end": "00:12:02", "text": "the frustration I have because now it's"}, {"start": "00:11:59", "end": "00:12:05", "text": "you know midterm suddenly suddenly"}, {"start": "00:12:02", "end": "00:12:08", "text": "suddenly everyone now loves us again."}, {"start": "00:12:05", "end": "00:12:11", "text": "Okay. And they lavas us again. Crypto is"}, {"start": "00:12:08", "end": "00:12:12", "text": "big industry. Big big industry. Trump"}, {"start": "00:12:11", "end": "00:12:15", "text": "start start to speak about crypto yet"}, {"start": "00:12:12", "end": "00:12:18", "text": "again yesterday. Yeah. Midterms are"}, {"start": "00:12:15", "end": "00:12:20", "text": "soon. You got to speak. Listen to this."}, {"start": "00:12:18", "end": "00:12:22", "text": ">> We're leading China by a lot. We're"}, {"start": "00:12:20", "end": "00:12:25", "text": "leading everybody. Uh crypto is the same"}, {"start": "00:12:22", "end": "00:12:28", "text": "thing. If we didn't do it, China would"}, {"start": "00:12:25", "end": "00:12:31", "text": "do it. It's a massive industry. And"}, {"start": "00:12:28", "end": "00:12:32", "text": "frankly, when I went very pro- crypto,"}, {"start": "00:12:31", "end": "00:12:35", "text": "as you know, Biden was totally against"}, {"start": "00:12:32", "end": "00:12:36", "text": "it, but he has no idea what crypto is."}, {"start": "00:12:35", "end": "00:12:38", "text": "He had no he didn't have a clue. But"}, {"start": "00:12:36", "end": "00:12:41", "text": "they were very violently against it."}, {"start": "00:12:38", "end": "00:12:43", "text": "They were putting people in jail. That"}, {"start": "00:12:41", "end": "00:12:44", "text": "what they were doing to the crypto world"}, {"start": "00:12:43", "end": "00:12:47", "text": "was horrible. It's amazing it survived"}, {"start": "00:12:44", "end": "00:12:50", "text": "that onslaught. It was a weaponization"}, {"start": "00:12:47", "end": "00:12:53", "text": "of government. So when I went very much"}, {"start": "00:12:50", "end": "00:12:54", "text": "for it"}, {"start": "00:12:53", "end": "00:12:57", "text": "and I must have gotten I think I got"}, {"start": "00:12:54", "end": "00:12:59", "text": "100% of the vote. But what happened is I"}, {"start": "00:12:57", "end": "00:13:01", "text": "think it was a 100red million people."}, {"start": "00:12:59", "end": "00:13:02", "text": "That's a big industry and that means"}, {"start": "00:13:01", "end": "00:13:06", "text": "some pretty good things. But what"}, {"start": "00:13:02", "end": "00:13:08", "text": "happened is Biden then after he was"}, {"start": "00:13:06", "end": "00:13:11", "text": "getting killed. He was down so much. All"}, {"start": "00:13:08", "end": "00:13:14", "text": "of a sudden they became pro crypto and"}, {"start": "00:13:11", "end": "00:13:17", "text": "their head of the SEC was horrible."}, {"start": "00:13:14", "end": "00:13:19", "text": "Unlike Paul who's really good. I mean"}, {"start": "00:13:17", "end": "00:13:22", "text": "he's the best man for the job. Everybody"}, {"start": "00:13:19", "end": "00:13:23", "text": "wanted him but he was horrible what he"}, {"start": "00:13:22", "end": "00:13:26", "text": "was doing to the cry. They were putting"}, {"start": "00:13:23", "end": "00:13:28", "text": "people in jail. Oh, you know that better"}, {"start": "00:13:26", "end": "00:13:30", "text": "than anybody. Good people, great,"}, {"start": "00:13:28", "end": "00:13:33", "text": "prestigious people. They were putting"}, {"start": "00:13:30", "end": "00:13:35", "text": "them in jail. And I said, 'You got to be"}, {"start": "00:13:33", "end": "00:13:38", "text": "kidding. And they were trying to destroy"}, {"start": "00:13:35", "end": "00:13:40", "text": "the industry. Okay, ready? So now I'm"}, {"start": "00:13:38", "end": "00:13:42", "text": "killing Biden and winning by so much."}, {"start": "00:13:40", "end": "00:13:45", "text": "And all of a sudden, he becomes totally"}, {"start": "00:13:42", "end": "00:13:48", "text": "pro crypto. They dropped all"}, {"start": "00:13:45", "end": "00:13:51", "text": "investigations of everybody. They"}, {"start": "00:13:48", "end": "00:13:53", "text": "allowed people to come out of jail."}, {"start": "00:13:51", "end": "00:13:55", "text": "And every time I see a crypto guy that"}, {"start": "00:13:53", "end": "00:13:58", "text": "where they dropped an investigation, I"}, {"start": "00:13:55", "end": "00:14:00", "text": "said, \"You're lucky I'm president.\""}, {"start": "00:13:58", "end": "00:14:01", "text": "Because they, you know, I don't know if"}, {"start": "00:14:00", "end": "00:14:05", "text": "you know, the Biden administration"}, {"start": "00:14:01", "end": "00:14:06", "text": "became totally pro- crypto uh that last"}, {"start": "00:14:05", "end": "00:14:08", "text": "couple of months because they were"}, {"start": "00:14:06", "end": "00:14:09", "text": "getting killed because crypto has a"}, {"start": "00:14:08", "end": "00:14:12", "text": "tremendous audience."}, {"start": "00:14:09", "end": "00:14:14", "text": ">> Yeah. Yeah. So, I mean it it is like"}, {"start": "00:14:12", "end": "00:14:16", "text": "that. Yes. Uh you had a lot of time."}, {"start": "00:14:14", "end": "00:14:18", "text": "They have a lot of time to do the"}, {"start": "00:14:16", "end": "00:14:20", "text": "reserve. But now finally the White House"}, {"start": "00:14:18", "end": "00:14:22", "text": "is saying to deliver on president's"}, {"start": "00:14:20", "end": "00:14:25", "text": "vision. The Trump administration"}, {"start": "00:14:22", "end": "00:14:28", "text": "continues to evaluate the best structure"}, {"start": "00:14:25", "end": "00:14:30", "text": "for a Bitcoin reserve. Now again guys,"}, {"start": "00:14:28", "end": "00:14:32", "text": "we get the reserve. Let's see. I mean as"}, {"start": "00:14:30", "end": "00:14:34", "text": "you know this for us it doesn't really"}, {"start": "00:14:32", "end": "00:14:36", "text": "matter the reserve or no reserve."}, {"start": "00:14:34", "end": "00:14:37", "text": "Bitcoin is going to enter bull market"}, {"start": "00:14:36", "end": "00:14:39", "text": "anyway later this year. Like it it"}, {"start": "00:14:37", "end": "00:14:41", "text": "doesn't actually really matter reserve"}, {"start": "00:14:39", "end": "00:14:43", "text": "or no reserve. But people excited. I see"}, {"start": "00:14:41", "end": "00:14:46", "text": "people arresting again. Ivan Ivan look"}, {"start": "00:14:43", "end": "00:14:48", "text": "is going to be reserved guys. You are"}, {"start": "00:14:46", "end": "00:14:51", "text": "cattle. You're cattle for the election."}, {"start": "00:14:48", "end": "00:14:53", "text": "That's it. After election there's going"}, {"start": "00:14:51", "end": "00:14:54", "text": "to be maybe some meeting they're going"}, {"start": "00:14:53", "end": "00:14:56", "text": "to do and or maybe they do the reserve."}, {"start": "00:14:54", "end": "00:14:58", "text": "I mean maybe we going to get surprised."}, {"start": "00:14:56", "end": "00:15:01", "text": "Who the hell knows? Because see he needs"}, {"start": "00:14:58", "end": "00:15:03", "text": "to be a bit strategic here. Then he has"}, {"start": "00:15:01", "end": "00:15:05", "text": "election like presidential election. Uh"}, {"start": "00:15:03", "end": "00:15:07", "text": "whether he's going to try third term"}, {"start": "00:15:05", "end": "00:15:08", "text": "somehow I don't know. Let's see. But"}, {"start": "00:15:07", "end": "00:15:11", "text": "Republicans have election like"}, {"start": "00:15:08", "end": "00:15:14", "text": "presidential election soon and uh they"}, {"start": "00:15:11", "end": "00:15:16", "text": "cannot give everything too fast. They"}, {"start": "00:15:14", "end": "00:15:17", "text": "need to save some. Maybe they save the"}, {"start": "00:15:16", "end": "00:15:19", "text": "reserve until the presidential election."}, {"start": "00:15:17", "end": "00:15:20", "text": "They say hey you need to elect me again"}, {"start": "00:15:19", "end": "00:15:22", "text": "then we're going to get the reserve. See"}, {"start": "00:15:20", "end": "00:15:23", "text": "you have to be a bit strategic as"}, {"start": "00:15:22", "end": "00:15:25", "text": "politician. You give everything too fast"}, {"start": "00:15:23", "end": "00:15:26", "text": "people then they're never happy anyway."}, {"start": "00:15:25", "end": "00:15:28", "text": "I mean that's that's the problem. Even"}, {"start": "00:15:26", "end": "00:15:30", "text": "if you're a great politician the pleb is"}, {"start": "00:15:28", "end": "00:15:31", "text": "still not going to be happy. So you"}, {"start": "00:15:30", "end": "00:15:34", "text": "cannot give everything too fast. You"}, {"start": "00:15:31", "end": "00:15:36", "text": "need to give drip drip. You have to drip"}, {"start": "00:15:34", "end": "00:15:38", "text": "feed the plebe a bit of good stuff, a"}, {"start": "00:15:36", "end": "00:15:40", "text": "bit of but not everything. He because he"}, {"start": "00:15:38", "end": "00:15:43", "text": "he to elect again. You know we have a"}, {"start": "00:15:40", "end": "00:15:44", "text": "new election. So actually I would be"}, {"start": "00:15:43", "end": "00:15:46", "text": "doing the same thing if I was Trump. You"}, {"start": "00:15:44", "end": "00:15:47", "text": "you cannot you cannot give everything at"}, {"start": "00:15:46", "end": "00:15:49", "text": "once. You give them one finger they take"}, {"start": "00:15:47", "end": "00:15:51", "text": "the whole hand. You're like man I gave"}, {"start": "00:15:49", "end": "00:15:52", "text": "you the reserve. Play still not happy."}, {"start": "00:15:51", "end": "00:15:55", "text": "They're going to find something to be"}, {"start": "00:15:52", "end": "00:15:56", "text": "unhappy about anyway. So you got to be a"}, {"start": "00:15:55", "end": "00:16:00", "text": "bit smart here. So let's see if we're"}, {"start": "00:15:56", "end": "00:16:01", "text": "going to be drip dripfed the reserve or"}, {"start": "00:16:00", "end": "00:16:03", "text": "if they're going to save it. I think"}, {"start": "00:16:01", "end": "00:16:05", "text": "they're going to save it. Now guys, one"}, {"start": "00:16:03", "end": "00:16:07", "text": "thing that he's not saving is pumping"}, {"start": "00:16:05", "end": "00:16:09", "text": "the the damn market. I mean, the market,"}, {"start": "00:16:07", "end": "00:16:13", "text": "the stock market is doing very very"}, {"start": "00:16:09", "end": "00:16:15", "text": "well. And he's coming out calling out uh"}, {"start": "00:16:13", "end": "00:16:17", "text": "the short sellers. The short sellers for"}, {"start": "00:16:15", "end": "00:16:19", "text": "the stock market. Be careful, guys. Be"}, {"start": "00:16:17", "end": "00:16:22", "text": "careful. Listen to this."}, {"start": "00:16:19", "end": "00:16:24", "text": ">> David, Goldman Sachs,"}, {"start": "00:16:22", "end": "00:16:27", "text": "Blackstone, Black Rock, they're all"}, {"start": "00:16:24", "end": "00:16:29", "text": "here. And think of it, I'm making them"}, {"start": "00:16:27", "end": "00:16:30", "text": "all geniuses. Every one of them is a"}, {"start": "00:16:29", "end": "00:16:32", "text": "genius. Is anybody doing poorly? of you"}, {"start": "00:16:30", "end": "00:16:35", "text": "are. I guess you have a couple of guys"}, {"start": "00:16:32", "end": "00:16:37", "text": "that went short. Those poor bastards. I"}, {"start": "00:16:35", "end": "00:16:39", "text": "mean, they are they're in big trouble."}, {"start": "00:16:37", "end": "00:16:40", "text": "They're being wiped out. They're short"}, {"start": "00:16:39", "end": "00:16:43", "text": "guys. I never like short guys because"}, {"start": "00:16:40", "end": "00:16:46", "text": "they're betting against the country. So"}, {"start": "00:16:43", "end": "00:16:47", "text": "that's okay. But earlier this morning,"}, {"start": "00:16:46", "end": "00:16:49", "text": "many of you joined me in the Oval Office"}, {"start": "00:16:47", "end": "00:16:51", "text": "for Yeah. I mean, the stock market,"}, {"start": "00:16:49", "end": "00:16:54", "text": "guys, it's like the when Trump is in"}, {"start": "00:16:51", "end": "00:16:56", "text": "office, any bull trend, it's up only. Up"}, {"start": "00:16:54", "end": "00:16:58", "text": "only. NASDAQ, S&P, everything is up"}, {"start": "00:16:56", "end": "00:17:00", "text": "only. Bull trend and Trump is like the"}, {"start": "00:16:58", "end": "00:17:02", "text": "best. It's the It's the best. It's best."}, {"start": "00:17:00", "end": "00:17:05", "text": "So Trump says short sellers are getting"}, {"start": "00:17:02", "end": "00:17:09", "text": "wiped out. Those poor bastards."}, {"start": "00:17:05", "end": "00:17:11", "text": "Wiped out bigly. Biggly. Fantastic. Now"}, {"start": "00:17:09", "end": "00:17:12", "text": "guys, we have a lot to discuss. Welcome"}, {"start": "00:17:11", "end": "00:17:14", "text": "everyone who is watching live. Smash up"}, {"start": "00:17:12", "end": "00:17:16", "text": "the like as soon as possible. Big shout"}, {"start": "00:17:14", "end": "00:17:19", "text": "out to Guzman who is timestamping us"}, {"start": "00:17:16", "end": "00:17:21", "text": "today. If you were on the wait list for"}, {"start": "00:17:19", "end": "00:17:23", "text": "Bull Mania since last week, check your"}, {"start": "00:17:21", "end": "00:17:26", "text": "inbox because yesterday you should have"}, {"start": "00:17:23", "end": "00:17:28", "text": "gotten an invite. And uh still a few"}, {"start": "00:17:26", "end": "00:17:30", "text": "spots remaining, but it's first first"}, {"start": "00:17:28", "end": "00:17:33", "text": "come first serve. And no more spots are"}, {"start": "00:17:30", "end": "00:17:34", "text": "releasing this week. The next release is"}, {"start": "00:17:33", "end": "00:17:37", "text": "going to be next week. So if you want to"}, {"start": "00:17:34", "end": "00:17:39", "text": "be part of that, uh go to bullmare.com"}, {"start": "00:17:37", "end": "00:17:42", "text": "uh write your email right here and next"}, {"start": "00:17:39", "end": "00:17:44", "text": "week you uh you will be able to get that"}, {"start": "00:17:42", "end": "00:17:47", "text": "next next. Uh looking at uh what's"}, {"start": "00:17:44", "end": "00:17:50", "text": "happening with the whales, we do see on"}, {"start": "00:17:47", "end": "00:17:53", "text": "hyperlquid whales are positioning uh"}, {"start": "00:17:50", "end": "00:17:57", "text": "bullish. you have uh 63 million 40x"}, {"start": "00:17:53", "end": "00:17:59", "text": "long, 40 54 million 10x long. So uh"}, {"start": "00:17:57", "end": "00:18:01", "text": "that's on ETH actually 30 million 20x"}, {"start": "00:17:59", "end": "00:18:03", "text": "long. Let's see if the whales are"}, {"start": "00:18:01", "end": "00:18:05", "text": "correct or not. But u we're still in"}, {"start": "00:18:03", "end": "00:18:07", "text": "bare trend. I mean that's why uh"}, {"start": "00:18:05", "end": "00:18:09", "text": "currently being too buly with the"}, {"start": "00:18:07", "end": "00:18:10", "text": "leverage to the upside. Not good"}, {"start": "00:18:09", "end": "00:18:12", "text": "riskreward. I mean for me at least it's"}, {"start": "00:18:10", "end": "00:18:15", "text": "not good riskreward. We're still taking"}, {"start": "00:18:12", "end": "00:18:18", "text": "it easy accumulating here expecting"}, {"start": "00:18:15", "end": "00:18:20", "text": "another leg down. But um yeah it's quite"}, {"start": "00:18:18", "end": "00:18:22", "text": "late in the bare market. So will we get"}, {"start": "00:18:20", "end": "00:18:24", "text": "it? will not get it. Let's see. We're"}, {"start": "00:18:22", "end": "00:18:26", "text": "we're now in the cheap green buy zone."}, {"start": "00:18:24", "end": "00:18:27", "text": "It is a buy zone. And look here,"}, {"start": "00:18:26", "end": "00:18:28", "text": "something else that's interesting is"}, {"start": "00:18:27", "end": "00:18:30", "text": "that the flip level for the money line"}, {"start": "00:18:28", "end": "00:18:31", "text": "for the bull market is now at 81. I"}, {"start": "00:18:30", "end": "00:18:34", "text": "mean, just a few weeks ago, it was at"}, {"start": "00:18:31", "end": "00:18:36", "text": "91. So, the bull market flip is moving"}, {"start": "00:18:34", "end": "00:18:37", "text": "down very, very nicely. At some point,"}, {"start": "00:18:36", "end": "00:18:40", "text": "we're going to flip it and then it's"}, {"start": "00:18:37", "end": "00:18:43", "text": "going to be Valhalla time just like in"}, {"start": "00:18:40", "end": "00:18:45", "text": "the last bull market. Uh, now moving on,"}, {"start": "00:18:43", "end": "00:18:49", "text": "some news from Cloudflare. Plalfurer is"}, {"start": "00:18:45", "end": "00:18:51", "text": "now integrating X42 standard so that the"}, {"start": "00:18:49", "end": "00:18:54", "text": "AI agents and any other servers can pay"}, {"start": "00:18:51", "end": "00:18:57", "text": "each other with uh crypto. So instead of"}, {"start": "00:18:54", "end": "00:19:00", "text": "you know logging in creating API key"}, {"start": "00:18:57", "end": "00:19:04", "text": "adding your card to use the API now you"}, {"start": "00:19:00", "end": "00:19:05", "text": "can just use the X42 standard developed"}, {"start": "00:19:04", "end": "00:19:08", "text": "by Coinbase which is like a standard"}, {"start": "00:19:05", "end": "00:19:11", "text": "HTTP code that they repurpose for these"}, {"start": "00:19:08", "end": "00:19:14", "text": "payments for crypto payments and now"}, {"start": "00:19:11", "end": "00:19:15", "text": "Cloudflare is uh is is adopting it which"}, {"start": "00:19:14", "end": "00:19:17", "text": "is quite nice. is good for adoption of"}, {"start": "00:19:15", "end": "00:19:21", "text": "stable coin as"}, {"start": "00:19:17", "end": "00:19:23", "text": "payment for AI basically that AI can do"}, {"start": "00:19:21", "end": "00:19:26", "text": "things pay for things unlock things get"}, {"start": "00:19:23", "end": "00:19:29", "text": "access to APIs itself just by using"}, {"start": "00:19:26", "end": "00:19:31", "text": "simple HTP so that's that now has also a"}, {"start": "00:19:29", "end": "00:19:33", "text": "bit of a lawsuit against Poly market you"}, {"start": "00:19:31", "end": "00:19:36", "text": "you can read here but basically some"}, {"start": "00:19:33", "end": "00:19:38", "text": "dudes here don't agree with how one of"}, {"start": "00:19:36", "end": "00:19:42", "text": "their bets turned out they thought that"}, {"start": "00:19:38", "end": "00:19:44", "text": "they were correct but they got incorrect"}, {"start": "00:19:42", "end": "00:19:48", "text": "somehow they feel that they got wrong um"}, {"start": "00:19:44", "end": "00:19:49", "text": "uh judgment by poly market and it is"}, {"start": "00:19:48", "end": "00:19:51", "text": "interesting basically testing how the"}, {"start": "00:19:49", "end": "00:19:53", "text": "poly market is set up. For example, can"}, {"start": "00:19:51", "end": "00:19:55", "text": "the plaintiff plaintiffs keep the case"}, {"start": "00:19:53", "end": "00:19:57", "text": "in New York? Do the terms of service"}, {"start": "00:19:55", "end": "00:20:00", "text": "require arbitration? Does the Panama"}, {"start": "00:19:57", "end": "00:20:03", "text": "choice of law forum clause control? For"}, {"start": "00:20:00", "end": "00:20:05", "text": "example, now this lawsuit is in where is"}, {"start": "00:20:03", "end": "00:20:08", "text": "it? Is it New York? Exactly. It's in New"}, {"start": "00:20:05", "end": "00:20:10", "text": "York, but the terms of service say that"}, {"start": "00:20:08", "end": "00:20:11", "text": "it needs to be in Panama."}, {"start": "00:20:10", "end": "00:20:12", "text": "Can you actually write in terms of"}, {"start": "00:20:11", "end": "00:20:15", "text": "service that we're going to go to"}, {"start": "00:20:12", "end": "00:20:18", "text": "Djibouti or you know we're going to go"}, {"start": "00:20:15", "end": "00:20:20", "text": "to uh calls the ivory calls to do"}, {"start": "00:20:18", "end": "00:20:22", "text": "lawsuit if you want or or can you"}, {"start": "00:20:20", "end": "00:20:24", "text": "actually sue wherever you want"}, {"start": "00:20:22", "end": "00:20:25", "text": "regardless of what it says in terms of"}, {"start": "00:20:24", "end": "00:20:27", "text": "service can by the way if you're"}, {"start": "00:20:25", "end": "00:20:28", "text": "watching from Djibouti big shout out do"}, {"start": "00:20:27", "end": "00:20:30", "text": "they have interest there you guys have"}, {"start": "00:20:28", "end": "00:20:33", "text": "interest in Djibouti never never knew"}, {"start": "00:20:30", "end": "00:20:35", "text": "okay can the $100 liability limitation"}, {"start": "00:20:33", "end": "00:20:38", "text": "be enforced because also in poly market"}, {"start": "00:20:35", "end": "00:20:40", "text": "terms of of service it says that maximum"}, {"start": "00:20:38", "end": "00:20:42", "text": "maximum $100 $1 they can give you if"}, {"start": "00:20:40", "end": "00:20:44", "text": "you're unhappy they can give you $100"}, {"start": "00:20:42", "end": "00:20:46", "text": "and so on so forth. Do the New York"}, {"start": "00:20:44", "end": "00:20:47", "text": "consumer protection statutes reach this"}, {"start": "00:20:46", "end": "00:20:49", "text": "conduct and so forth. I mean let's see"}, {"start": "00:20:47", "end": "00:20:51", "text": "let's see it's interesting that we have"}, {"start": "00:20:49", "end": "00:20:53", "text": "more case law. This obviously is not"}, {"start": "00:20:51", "end": "00:20:55", "text": "going to kill poly market but"}, {"start": "00:20:53", "end": "00:20:57", "text": "potentially a bit of case law how they"}, {"start": "00:20:55", "end": "00:20:59", "text": "how the courts interpret all of these"}, {"start": "00:20:57", "end": "00:21:01", "text": "different questions now that these dudes"}, {"start": "00:20:59", "end": "00:21:02", "text": "want some money from poly market. So"}, {"start": "00:21:01", "end": "00:21:04", "text": "yeah that's good for the industry"}, {"start": "00:21:02", "end": "00:21:05", "text": "overall that there's case law case law"}, {"start": "00:21:04", "end": "00:21:07", "text": "for what's happening you know how"}, {"start": "00:21:05", "end": "00:21:10", "text": "different situations should be should be"}, {"start": "00:21:07", "end": "00:21:14", "text": "judged. Next, Michael Bur coming out"}, {"start": "00:21:10", "end": "00:21:17", "text": "saying that the end of u AI stocks is"}, {"start": "00:21:14", "end": "00:21:19", "text": "coming very very clo close to us. And um"}, {"start": "00:21:17", "end": "00:21:21", "text": "yeah, I mean to to some extent I do"}, {"start": "00:21:19", "end": "00:21:24", "text": "agree because a lot of the AI stocks now"}, {"start": "00:21:21", "end": "00:21:27", "text": "are starting to go bare trend. Okay,"}, {"start": "00:21:24", "end": "00:21:29", "text": "bare trend. When they go bare trend,"}, {"start": "00:21:27", "end": "00:21:30", "text": "it's just more likelihood that they're"}, {"start": "00:21:29", "end": "00:21:32", "text": "going to keep going down. Okay, and this"}, {"start": "00:21:30", "end": "00:21:36", "text": "is something in Bulmania that we track"}, {"start": "00:21:32", "end": "00:21:38", "text": "uh quite a lot. And uh yeah, so this is"}, {"start": "00:21:36", "end": "00:21:42", "text": "not really news to us. If you go to here"}, {"start": "00:21:38", "end": "00:21:43", "text": "to AI all stages, you go to uh weekly,"}, {"start": "00:21:42", "end": "00:21:46", "text": "you're going to see here more and more"}, {"start": "00:21:43", "end": "00:21:48", "text": "of them. Uh let's see where is it? Here"}, {"start": "00:21:46", "end": "00:21:50", "text": "bearish. Uh you're gonna see more and"}, {"start": "00:21:48", "end": "00:21:53", "text": "more of them actually now turn to the"}, {"start": "00:21:50", "end": "00:21:57", "text": "bar to the dark side of the force to the"}, {"start": "00:21:53", "end": "00:21:59", "text": "bar force. Um so yeah uh not not"}, {"start": "00:21:57", "end": "00:22:01", "text": "everything is bearish now but more and"}, {"start": "00:21:59", "end": "00:22:04", "text": "more is starting to become bearish 100%"}, {"start": "00:22:01", "end": "00:22:07", "text": "100%. Uh let's see SpaceX how SpaceX is"}, {"start": "00:22:04", "end": "00:22:10", "text": "doing now. Still no trend on the daily"}, {"start": "00:22:07", "end": "00:22:11", "text": "or weekly but on the hourly oh it never"}, {"start": "00:22:10", "end": "00:22:12", "text": "actually went into bull trend. So this"}, {"start": "00:22:11", "end": "00:22:15", "text": "is the power of the money line yet again"}, {"start": "00:22:12", "end": "00:22:17", "text": "with uh you see this pump. We we said"}, {"start": "00:22:15", "end": "00:22:18", "text": "wait for the for the bull flip. Bull"}, {"start": "00:22:17", "end": "00:22:20", "text": "flip never happened on the hourly still"}, {"start": "00:22:18", "end": "00:22:23", "text": "bearish. So yeah, no need to get super"}, {"start": "00:22:20", "end": "00:22:25", "text": "excited here yet. SpaceX basically"}, {"start": "00:22:23", "end": "00:22:28", "text": "played out exactly like we said pump"}, {"start": "00:22:25", "end": "00:22:30", "text": "into the IPO. People super hyping it up."}, {"start": "00:22:28", "end": "00:22:32", "text": "People in the Costco in Target buying"}, {"start": "00:22:30", "end": "00:22:33", "text": "SpaceX while they're wait for the"}, {"start": "00:22:32", "end": "00:22:35", "text": "cashier. Literally there were"}, {"start": "00:22:33", "end": "00:22:37", "text": "screenshots like this just like when"}, {"start": "00:22:35", "end": "00:22:40", "text": "gold peaked out in the parabola. People"}, {"start": "00:22:37", "end": "00:22:41", "text": "were buying gold you know big lines in"}, {"start": "00:22:40", "end": "00:22:44", "text": "China. People try to get gold"}, {"start": "00:22:41", "end": "00:22:46", "text": "everywhere. The same thing is here. The"}, {"start": "00:22:44", "end": "00:22:48", "text": "plebe gets super excited here for a few"}, {"start": "00:22:46", "end": "00:22:49", "text": "hours. I mean, literally, this was a few"}, {"start": "00:22:48", "end": "00:22:51", "text": "hours of trading that it run up this"}, {"start": "00:22:49", "end": "00:22:53", "text": "high. Then it was down only. We said,"}, {"start": "00:22:51", "end": "00:22:54", "text": "\"Take it easy. No need to FOMO. We're"}, {"start": "00:22:53", "end": "00:22:56", "text": "going to see supply and demand.\" And now"}, {"start": "00:22:54", "end": "00:22:59", "text": "we see supply and demand. And it's still"}, {"start": "00:22:56", "end": "00:23:01", "text": "not bull trend. So, yeah. Uh SpaceX just"}, {"start": "00:22:59", "end": "00:23:02", "text": "take it easy. Take it easy. Uh at some"}, {"start": "00:23:01", "end": "00:23:04", "text": "point, it's going to turn bullish. At"}, {"start": "00:23:02", "end": "00:23:06", "text": "some point, we're going to go to Mars"}, {"start": "00:23:04", "end": "00:23:09", "text": "with Elon Musk in the price chart. At"}, {"start": "00:23:06", "end": "00:23:10", "text": "least if you believe in space again in"}, {"start": "00:23:09", "end": "00:23:12", "text": "crypto some people they they say that"}, {"start": "00:23:10", "end": "00:23:15", "text": "space is fake. They say that the earth"}, {"start": "00:23:12", "end": "00:23:17", "text": "is flat. I mean every day"}, {"start": "00:23:15", "end": "00:23:18", "text": "I see people rising that whenever I say"}, {"start": "00:23:17", "end": "00:23:22", "text": "SpaceX is going to go to Mars they're"}, {"start": "00:23:18", "end": "00:23:23", "text": "like Ivan are you not smart? Are you"}, {"start": "00:23:22", "end": "00:23:25", "text": "dumb? Why you say there is space? There"}, {"start": "00:23:23", "end": "00:23:28", "text": "is no space in crypto. You never know"}, {"start": "00:23:25", "end": "00:23:32", "text": "guys. You never know. Now Ripple Ripple"}, {"start": "00:23:28", "end": "00:23:34", "text": "Ripple finally got uh Mika compliance."}, {"start": "00:23:32", "end": "00:23:35", "text": "Uh let's see for what I mean what is the"}, {"start": "00:23:34", "end": "00:23:37", "text": "service they provide guys? I mean I'm"}, {"start": "00:23:35", "end": "00:23:39", "text": "actually curious like what what they"}, {"start": "00:23:37", "end": "00:23:42", "text": "have license for to dump the coin or"}, {"start": "00:23:39", "end": "00:23:44", "text": "what is it because the way they monetize"}, {"start": "00:23:42", "end": "00:23:46", "text": "is by dumping the coin but what they"}, {"start": "00:23:44", "end": "00:23:48", "text": "actually going to provide which service"}, {"start": "00:23:46", "end": "00:23:50", "text": "end to end crypto regulation means enter"}, {"start": "00:23:48", "end": "00:23:52", "text": "so what what service they have guys how"}, {"start": "00:23:50", "end": "00:23:54", "text": "can it be a client institutions we work"}, {"start": "00:23:52", "end": "00:23:55", "text": "with across Europe are looking to build"}, {"start": "00:23:54", "end": "00:23:58", "text": "digital"}, {"start": "00:23:55", "end": "00:24:01", "text": "what service you buy is the stable coin"}, {"start": "00:23:58", "end": "00:24:03", "text": "or what is it I super curious actually"}, {"start": "00:24:01", "end": "00:24:05", "text": "like if I want to use ripple what I do"}, {"start": "00:24:03", "end": "00:24:06", "text": "they say institute"}, {"start": "00:24:05", "end": "00:24:08", "text": "institutions are using stable coins and"}, {"start": "00:24:06", "end": "00:24:09", "text": "they do their own stable coin open US"}, {"start": "00:24:08", "end": "00:24:10", "text": "they don't not going to use ripple"}, {"start": "00:24:09", "end": "00:24:12", "text": "they're not going to use ripple but"}, {"start": "00:24:10", "end": "00:24:14", "text": "ripple in terms of the price being high"}, {"start": "00:24:12", "end": "00:24:16", "text": "in the market cap is the best is the"}, {"start": "00:24:14", "end": "00:24:18", "text": "best but I'm actually curious they got"}, {"start": "00:24:16", "end": "00:24:20", "text": "licensed for what what is the what kind"}, {"start": "00:24:18", "end": "00:24:22", "text": "of consumer I want to be consumer I want"}, {"start": "00:24:20", "end": "00:24:25", "text": "to I want to utilize the consumer"}, {"start": "00:24:22", "end": "00:24:27", "text": "protection in Mika to to to buy their"}, {"start": "00:24:25", "end": "00:24:30", "text": "service guys if you are following XRP"}, {"start": "00:24:27", "end": "00:24:33", "text": "there are communities only following XRP"}, {"start": "00:24:30", "end": "00:24:35", "text": "let me know let me know how how you"}, {"start": "00:24:33", "end": "00:24:35", "text": "become their client"}, {"start": "00:24:36", "end": "00:24:42", "text": "Next guys, pump they don't have mika."}, {"start": "00:24:40", "end": "00:24:45", "text": "That's actually interesting. Like can"}, {"start": "00:24:42", "end": "00:24:48", "text": "pump fun operate now in Europe or no?"}, {"start": "00:24:45", "end": "00:24:51", "text": "Because uh they I can assure you pump"}, {"start": "00:24:48", "end": "00:24:52", "text": "fun they have zero ma they have zero ma"}, {"start": "00:24:51", "end": "00:24:54", "text": "compliance but they have a blog post and"}, {"start": "00:24:52", "end": "00:24:56", "text": "in the blog post they write the"}, {"start": "00:24:54", "end": "00:24:59", "text": "following protocol fees from the bonding"}, {"start": "00:24:56", "end": "00:25:02", "text": "curve pump swap and terminal totaled 7.2"}, {"start": "00:24:59", "end": "00:25:03", "text": "million for the week of uh last week."}, {"start": "00:25:02", "end": "00:25:05", "text": "Okay, that's good. That's good. time"}, {"start": "00:25:03", "end": "00:25:09", "text": "good revenue 50% of net fees are routed"}, {"start": "00:25:05", "end": "00:25:12", "text": "to programmatic pump buybacks let me see"}, {"start": "00:25:09", "end": "00:25:14", "text": "has yeah it goes to buyback but uh where"}, {"start": "00:25:12", "end": "00:25:16", "text": "is the where's the pump man where's the"}, {"start": "00:25:14", "end": "00:25:18", "text": "pump well actually there is pump sorry"}, {"start": "00:25:16", "end": "00:25:20", "text": "on the hourly at least there is pump on"}, {"start": "00:25:18", "end": "00:25:22", "text": "the there's no pump on the daily there's"}, {"start": "00:25:20", "end": "00:25:24", "text": "no pump it's still super bare be careful"}, {"start": "00:25:22", "end": "00:25:26", "text": "but on the hourly you could swing trade"}, {"start": "00:25:24", "end": "00:25:28", "text": "swing trade it on the hourly on the"}, {"start": "00:25:26", "end": "00:25:31", "text": "hourly here fantastic trade actually"}, {"start": "00:25:28", "end": "00:25:33", "text": "fantastic trade and if you have the"}, {"start": "00:25:31", "end": "00:25:36", "text": "money scanner and You go to crypto, you"}, {"start": "00:25:33", "end": "00:25:37", "text": "can see here what's happening on the"}, {"start": "00:25:36", "end": "00:25:39", "text": "hourly time frame was flipping bullish,"}, {"start": "00:25:37", "end": "00:25:40", "text": "was flipping bearish on the 4hourly. I"}, {"start": "00:25:39", "end": "00:25:41", "text": "mean that that's the best thing with"}, {"start": "00:25:40", "end": "00:25:43", "text": "being in bulmania. You see exactly"}, {"start": "00:25:41", "end": "00:25:46", "text": "what's happening. You can see also"}, {"start": "00:25:43", "end": "00:25:47", "text": "things that are near all-time high which"}, {"start": "00:25:46", "end": "00:25:49", "text": "are let's say something is bullish just"}, {"start": "00:25:47", "end": "00:25:50", "text": "turned bullish on the hourly and it is"}, {"start": "00:25:49", "end": "00:25:52", "text": "near alltime high potentially going to"}, {"start": "00:25:50", "end": "00:25:54", "text": "new alltime high price discovery very"}, {"start": "00:25:52", "end": "00:25:56", "text": "strong signal we recently added this"}, {"start": "00:25:54", "end": "00:25:58", "text": "near alltime high or near 200 week"}, {"start": "00:25:56", "end": "00:26:00", "text": "moving average is for deep value. deep"}, {"start": "00:25:58", "end": "00:26:02", "text": "value. Um I'm using it only for big"}, {"start": "00:26:00", "end": "00:26:04", "text": "assets like Bitcoin or you know big"}, {"start": "00:26:02", "end": "00:26:06", "text": "stocks or big altcoins when they're"}, {"start": "00:26:04", "end": "00:26:08", "text": "close to 200 week you can buy them. You"}, {"start": "00:26:06", "end": "00:26:09", "text": "can buy them even if in bare trend just"}, {"start": "00:26:08", "end": "00:26:12", "text": "you know for long-term accumulation 200"}, {"start": "00:26:09", "end": "00:26:15", "text": "week moving average is the the long-term"}, {"start": "00:26:12", "end": "00:26:18", "text": "fair price of an asset. So what they say"}, {"start": "00:26:15", "end": "00:26:20", "text": "else over the past seven days 3.7"}, {"start": "00:26:18", "end": "00:26:21", "text": "million pound tokens was brought back"}, {"start": "00:26:20", "end": "00:26:25", "text": "back and burned. Okay that's good that's"}, {"start": "00:26:21", "end": "00:26:26", "text": "good. So uh you can read that. Oh guys"}, {"start": "00:26:25", "end": "00:26:28", "text": "this is my favorite from yesterday. This"}, {"start": "00:26:26", "end": "00:26:31", "text": "is my favorite from yesterday. Trump"}, {"start": "00:26:28", "end": "00:26:32", "text": "discussing uh a bit off topic from"}, {"start": "00:26:31", "end": "00:26:34", "text": "crypto, but I I I kind of recognize"}, {"start": "00:26:32", "end": "00:26:36", "text": "myself in Trump here because Trump said"}, {"start": "00:26:34", "end": "00:26:40", "text": "he literally just yesterday learned what"}, {"start": "00:26:36", "end": "00:26:41", "text": "a red card in card in football is. Uh I"}, {"start": "00:26:40", "end": "00:26:44", "text": "knew that, but you know, I I don't watch"}, {"start": "00:26:41", "end": "00:26:47", "text": "too much either. And at the same time,"}, {"start": "00:26:44", "end": "00:26:49", "text": "he's calling FIFA to ensure that the red"}, {"start": "00:26:47", "end": "00:26:52", "text": "card is removed from the American"}, {"start": "00:26:49", "end": "00:26:52", "text": "player."}, {"start": "00:26:53", "end": "00:26:56", "text": "Amazing. Amazing. Amazing. Listen to"}, {"start": "00:26:55", "end": "00:27:00", "text": "this."}, {"start": "00:26:56", "end": "00:27:02", "text": "So, I saw the play and I'm a person that"}, {"start": "00:27:00", "end": "00:27:05", "text": "loves sports and was a good athlete"}, {"start": "00:27:02", "end": "00:27:07", "text": ">> and I understand sports really well,"}, {"start": "00:27:05", "end": "00:27:10", "text": "really well."}, {"start": "00:27:07", "end": "00:27:12", "text": ">> And that wasn't a foul. That wasn't even"}, {"start": "00:27:10", "end": "00:27:14", "text": "an infraction. That was two guys running"}, {"start": "00:27:12", "end": "00:27:16", "text": "full speed that happened to crash into"}, {"start": "00:27:14", "end": "00:27:19", "text": "each other. I you can't take your foot"}, {"start": "00:27:16", "end": "00:27:21", "text": "and properly place it on somebody else's"}, {"start": "00:27:19", "end": "00:27:26", "text": "foot when you're going, \"No, these were"}, {"start": "00:27:21", "end": "00:27:29", "text": "two great athletes that got tangled up.\""}, {"start": "00:27:26", "end": "00:27:32", "text": "And by the way, I fully agree. When you"}, {"start": "00:27:29", "end": "00:27:34", "text": "watch football, the slightest touch, he"}, {"start": "00:27:32", "end": "00:27:36", "text": "falls over. He looks like he broke his"}, {"start": "00:27:34", "end": "00:27:38", "text": "leg. It was the slightest touch. Just"}, {"start": "00:27:36", "end": "00:27:40", "text": "like Trump says, I fully support Trump"}, {"start": "00:27:38", "end": "00:27:43", "text": "in this initiative. The red card is"}, {"start": "00:27:40", "end": "00:27:45", "text": "given out too easily. And like he says,"}, {"start": "00:27:43", "end": "00:27:47", "text": "if there were two great athletes that"}, {"start": "00:27:45", "end": "00:27:50", "text": "just got tangled up, they just got"}, {"start": "00:27:47", "end": "00:27:54", "text": "tangled up. Okay, that's that's not"}, {"start": "00:27:50", "end": "00:27:57", "text": "that's not referee who"}, {"start": "00:27:54", "end": "00:28:00", "text": "is a little bit suspect. If you check"}, {"start": "00:27:57", "end": "00:28:01", "text": "his if you check his past, I don't want"}, {"start": "00:28:00", "end": "00:28:03", "text": "to say that because I don't like to"}, {"start": "00:28:01", "end": "00:28:06", "text": "create controversy. If you check his"}, {"start": "00:28:03", "end": "00:28:08", "text": "pastect,"}, {"start": "00:28:06", "end": "00:28:11", "text": "is it a little bit suspect if you check"}, {"start": "00:28:08", "end": "00:28:12", "text": "his if you check his past? I don't want"}, {"start": "00:28:11", "end": "00:28:15", "text": "to say that because I don't like to"}, {"start": "00:28:12", "end": "00:28:18", "text": "referee who"}, {"start": "00:28:15", "end": "00:28:21", "text": "is a little bit suspect. If you check"}, {"start": "00:28:18", "end": "00:28:22", "text": "his if you check his past, I don't want"}, {"start": "00:28:21", "end": "00:28:25", "text": "to say that because I don't like to"}, {"start": "00:28:22", "end": "00:28:28", "text": "create controversy, but but very"}, {"start": "00:28:25", "end": "00:28:32", "text": "suspect. Uh if you'd like, I'll provide"}, {"start": "00:28:28", "end": "00:28:34", "text": "you with the past. He made a call that"}, {"start": "00:28:32", "end": "00:28:36", "text": "nobody could believe. You know, even"}, {"start": "00:28:34", "end": "00:28:39", "text": "people on the other side, they said,"}, {"start": "00:28:36", "end": "00:28:40", "text": "\"Oh, we got lucky.\" Wow, that's And it's"}, {"start": "00:28:39", "end": "00:28:42", "text": "very interesting. They say they don't"}, {"start": "00:28:40", "end": "00:28:43", "text": "show them in slow motion. And I never"}, {"start": "00:28:42", "end": "00:28:45", "text": "realized that. I never heard of that"}, {"start": "00:28:43", "end": "00:28:47", "text": "before, that they're not allowed to"}, {"start": "00:28:45", "end": "00:28:49", "text": "review in slow motion because it's so"}, {"start": "00:28:47", "end": "00:28:51", "text": "different because you'll take one little"}, {"start": "00:28:49", "end": "00:28:53", "text": "quarter of a second and you'll see that"}, {"start": "00:28:51", "end": "00:28:55", "text": "a hand is touching a neck or you see"}, {"start": "00:28:53", "end": "00:28:57", "text": "something. Whereas when you see it in"}, {"start": "00:28:55", "end": "00:28:59", "text": "fast motion, it it will look like two"}, {"start": "00:28:57", "end": "00:29:01", "text": "guys collided, which is really what"}, {"start": "00:28:59", "end": "00:29:04", "text": "happened. They got it's sort of"}, {"start": "00:29:01", "end": "00:29:06", "text": "entangled. He didn't do anything wrong."}, {"start": "00:29:04", "end": "00:29:08", "text": "And he's our best player or one of our"}, {"start": "00:29:06", "end": "00:29:09", "text": "best players, a very vital player. and"}, {"start": "00:29:08", "end": "00:29:11", "text": "he gave me a red card. I didn't know"}, {"start": "00:29:09", "end": "00:29:13", "text": "what that meant. I didn't think it meant"}, {"start": "00:29:11", "end": "00:29:16", "text": "much. Then I started hearing that that"}, {"start": "00:29:13", "end": "00:29:19", "text": "means he can't play in the next game at"}, {"start": "00:29:16", "end": "00:29:20", "text": "least in the next game. I said, \"Boy,"}, {"start": "00:29:19", "end": "00:29:23", "text": "that's a big, you know, if it happened"}, {"start": "00:29:20", "end": "00:29:25", "text": "to another player, it would have been"}, {"start": "00:29:23", "end": "00:29:27", "text": "unfair.\" But when they take your best"}, {"start": "00:29:25", "end": "00:29:29", "text": "player or just about, they have some"}, {"start": "00:29:27", "end": "00:29:33", "text": "great players, but and they say you"}, {"start": "00:29:29", "end": "00:29:35", "text": "can't play, that's very unfair. That's,"}, {"start": "00:29:33", "end": "00:29:37", "text": "you know, it's one thing to penalize"}, {"start": "00:29:35", "end": "00:29:38", "text": "somebody for the game."}, {"start": "00:29:37", "end": "00:29:40", "text": ">> Anyway, yeah. I mean this is this is"}, {"start": "00:29:38", "end": "00:29:43", "text": "something this is something it's"}, {"start": "00:29:40", "end": "00:29:45", "text": "fantastic fantastic Trump holy crap. Now"}, {"start": "00:29:43", "end": "00:29:48", "text": "speaking about Trump, Ansom now flipped"}, {"start": "00:29:45", "end": "00:29:51", "text": "Trump memecoin"}, {"start": "00:29:48", "end": "00:29:53", "text": "uh in market cap. So Anom now is is"}, {"start": "00:29:51", "end": "00:29:55", "text": "bigger. Let's see how long it flies. I"}, {"start": "00:29:53", "end": "00:29:57", "text": "mean the black bull for now is very"}, {"start": "00:29:55", "end": "00:29:59", "text": "bullish. Very very bullish. Going higher"}, {"start": "00:29:57", "end": "00:30:02", "text": "and higher and higher. Bull trend is"}, {"start": "00:29:59", "end": "00:30:04", "text": "here and now bigger than shop. So all of"}, {"start": "00:30:02", "end": "00:30:06", "text": "this like Oops. Oops. Sorry. Sorry."}, {"start": "00:30:04", "end": "00:30:09", "text": "Sorry. Wrong button. Do you hear me?"}, {"start": "00:30:06", "end": "00:30:12", "text": "Check check check check."}, {"start": "00:30:09", "end": "00:30:14", "text": ">> Wait. Now we're back. I I I have buttons"}, {"start": "00:30:12", "end": "00:30:18", "text": "here. They they're very close together."}, {"start": "00:30:14", "end": "00:30:20", "text": "So, uh this celebrity era like uh when"}, {"start": "00:30:18", "end": "00:30:23", "text": "it comes to influencer coins for now"}, {"start": "00:30:20", "end": "00:30:25", "text": "still running. Uh some people have tried"}, {"start": "00:30:23", "end": "00:30:26", "text": "replicating it doing their own like I"}, {"start": "00:30:25", "end": "00:30:28", "text": "think like Gluke Belmore did some kind"}, {"start": "00:30:26", "end": "00:30:31", "text": "of pump and dump. Uh some other people"}, {"start": "00:30:28", "end": "00:30:34", "text": "did also but Anom is the only one who is"}, {"start": "00:30:31", "end": "00:30:37", "text": "holding up nicely. uh 110k holders and"}, {"start": "00:30:34", "end": "00:30:39", "text": "94% are in profit because it is going"}, {"start": "00:30:37", "end": "00:30:41", "text": "alltime high to alltime high on money uh"}, {"start": "00:30:39", "end": "00:30:43", "text": "on the money scanner on the hourly time"}, {"start": "00:30:41", "end": "00:30:45", "text": "frame you have a trend there still"}, {"start": "00:30:43", "end": "00:30:48", "text": "bullish so that's the one to follow look"}, {"start": "00:30:45", "end": "00:30:50", "text": "here he's also I mean this is"}, {"start": "00:30:48", "end": "00:30:52", "text": "interesting because should it go down"}, {"start": "00:30:50", "end": "00:30:55", "text": "like for anam it's not going to be good"}, {"start": "00:30:52", "end": "00:30:58", "text": "if it goes down so many people are are"}, {"start": "00:30:55", "end": "00:30:59", "text": "in it and they see it as up only and"}, {"start": "00:30:58", "end": "00:31:01", "text": "he's going to get so much blame if it"}, {"start": "00:30:59", "end": "00:31:03", "text": "goes down but I like that he's trying to"}, {"start": "00:31:01", "end": "00:31:06", "text": "do something I I have to give him props"}, {"start": "00:31:03", "end": "00:31:08", "text": "for trying to bring the trenches back uh"}, {"start": "00:31:06", "end": "00:31:10", "text": "in the still within the Bitcoin bear"}, {"start": "00:31:08", "end": "00:31:12", "text": "trend like it's going to be super tough"}, {"start": "00:31:10", "end": "00:31:13", "text": "but he's succeeding. So yeah, big big"}, {"start": "00:31:12", "end": "00:31:16", "text": "shout out big shout out to the progress"}, {"start": "00:31:13", "end": "00:31:18", "text": "this far and he's giving updates adding"}, {"start": "00:31:16", "end": "00:31:19", "text": "sol liquidity from creator feeds to"}, {"start": "00:31:18", "end": "00:31:22", "text": "liquidity pool so easier for price to"}, {"start": "00:31:19", "end": "00:31:23", "text": "absorb sales from early buyers and"}, {"start": "00:31:22", "end": "00:31:26", "text": "deeper liquidity for new whales to buy."}, {"start": "00:31:23", "end": "00:31:28", "text": "That's one. Two will prioritize"}, {"start": "00:31:26", "end": "00:31:31", "text": "airdropping sold to best bag workers on"}, {"start": "00:31:28", "end": "00:31:34", "text": "social. So there is net buying pressure"}, {"start": "00:31:31", "end": "00:31:36", "text": "on Ansom from continued virality for"}, {"start": "00:31:34", "end": "00:31:38", "text": "Ansom airdrops will stagger them at"}, {"start": "00:31:36", "end": "00:31:42", "text": "higher market caps with added bonuses"}, {"start": "00:31:38", "end": "00:31:44", "text": "for longer hold time. There you go. Uh"}, {"start": "00:31:42", "end": "00:31:46", "text": "he should maybe add staking that you"}, {"start": "00:31:44", "end": "00:31:48", "text": "stake it for five years for 30 years."}, {"start": "00:31:46", "end": "00:31:50", "text": "Matt Matt Smith knows all about that."}, {"start": "00:31:48", "end": "00:31:52", "text": "There's a certain community that is the"}, {"start": "00:31:50", "end": "00:31:55", "text": "best at that. Believing in Fugazi and"}, {"start": "00:31:52", "end": "00:31:57", "text": "staking for 30 years. Okay. There's a"}, {"start": "00:31:55", "end": "00:31:59", "text": "certain community that is the best at"}, {"start": "00:31:57", "end": "00:32:02", "text": "that. been living in Fugazi and locking"}, {"start": "00:31:59", "end": "00:32:05", "text": "up their money there for many decades so"}, {"start": "00:32:02", "end": "00:32:07", "text": "they cannot exit. Stop sending me large"}, {"start": "00:32:05", "end": "00:32:11", "text": "supply of new coins attempting to vamp"}, {"start": "00:32:07", "end": "00:32:13", "text": "existing ones of attention. Uh talk to"}, {"start": "00:32:11", "end": "00:32:16", "text": "these guys on the normie marketing"}, {"start": "00:32:13", "end": "00:32:18", "text": "funnels Instagram and Tik Tok"}, {"start": "00:32:16", "end": "00:32:19", "text": "have Yeah, you can read here more. You"}, {"start": "00:32:18", "end": "00:32:22", "text": "can read here more. But yeah, so far so"}, {"start": "00:32:19", "end": "00:32:27", "text": "good. Still alive. The meta is still"}, {"start": "00:32:22", "end": "00:32:29", "text": "alive for for anam bonk da though guys."}, {"start": "00:32:27", "end": "00:32:33", "text": "Bonk bonk bonk has big problem. They got"}, {"start": "00:32:29", "end": "00:32:35", "text": "hacked. They got hacked somehow where a"}, {"start": "00:32:33", "end": "00:32:38", "text": "malicious governance proposal was"}, {"start": "00:32:35", "end": "00:32:42", "text": "resulted in $20 million worth of bonk"}, {"start": "00:32:38", "end": "00:32:44", "text": "drained from the treasury. So someone"}, {"start": "00:32:42", "end": "00:32:47", "text": "proposed to pay out $20 million to"}, {"start": "00:32:44", "end": "00:32:48", "text": "himself to do like social media or"}, {"start": "00:32:47", "end": "00:32:51", "text": "something I guess like some kind of"}, {"start": "00:32:48", "end": "00:32:54", "text": "proposal they had maybe to to promote"}, {"start": "00:32:51", "end": "00:32:56", "text": "Bonk somehow. During the investigation,"}, {"start": "00:32:54", "end": "00:32:58", "text": "Bogda identified the exchange wallets"}, {"start": "00:32:56", "end": "00:33:00", "text": "used to purchase Bon ahead of the"}, {"start": "00:32:58", "end": "00:33:03", "text": "proposal. Bongda is currently actively"}, {"start": "00:33:00", "end": "00:33:05", "text": "working with exchanges. So somehow this"}, {"start": "00:33:03", "end": "00:33:08", "text": "is not a hack. I don't know how the hell"}, {"start": "00:33:05", "end": "00:33:10", "text": "they did they did it. Uh I need to study"}, {"start": "00:33:08", "end": "00:33:12", "text": "a bit more, but they basically did a"}, {"start": "00:33:10", "end": "00:33:15", "text": "proposal and then like voted for it"}, {"start": "00:33:12", "end": "00:33:17", "text": "themselves and got it through. And yeah,"}, {"start": "00:33:15", "end": "00:33:19", "text": "so it's not even a hack. Let's see."}, {"start": "00:33:17", "end": "00:33:20", "text": "Kagi, what is Kagi saying? The Bongda"}, {"start": "00:33:19", "end": "00:33:22", "text": "proposal is a great example of why"}, {"start": "00:33:20", "end": "00:33:24", "text": "treasuries matter and why they actually"}, {"start": "00:33:22", "end": "00:33:26", "text": "work. Keeping meaningful ownership"}, {"start": "00:33:24", "end": "00:33:29", "text": "alliance incentives if a team wants a"}, {"start": "00:33:26", "end": "00:33:33", "text": "voice. So basically, you know, someone"}, {"start": "00:33:29", "end": "00:33:36", "text": "bought enough coins on exchange and then"}, {"start": "00:33:33", "end": "00:33:38", "text": "they went and they create a proposal to"}, {"start": "00:33:36", "end": "00:33:42", "text": "drain the treasury and voted for it"}, {"start": "00:33:38", "end": "00:33:44", "text": "using the coins they bought. Okay, if I"}, {"start": "00:33:42", "end": "00:33:47", "text": "mean that's an interesting governance"}, {"start": "00:33:44", "end": "00:33:49", "text": "attack. Okay, look here. So Bongda"}, {"start": "00:33:47", "end": "00:33:50", "text": "wasn't a hack. It was a giga well buying"}, {"start": "00:33:49", "end": "00:33:53", "text": "enough supply to control the vote"}, {"start": "00:33:50", "end": "00:33:55", "text": "entirely and voted to send himself 20"}, {"start": "00:33:53", "end": "00:33:59", "text": "million and the vote was live for 6 days"}, {"start": "00:33:55", "end": "00:34:01", "text": "and no one noticed it. They just So"}, {"start": "00:33:59", "end": "00:34:03", "text": "isn't it is it really a hack then?"}, {"start": "00:34:01", "end": "00:34:05", "text": "Because it is community governance is"}, {"start": "00:34:03", "end": "00:34:08", "text": "community voting. I mean the whale had"}, {"start": "00:34:05", "end": "00:34:09", "text": "enough money to then drain the the the"}, {"start": "00:34:08", "end": "00:34:09", "text": "the yeah the yeah the yeah the yeah the"}, {"start": "00:34:09", "end": "00:34:13", "text": "yeah the yeah the yeah the yeah the yeah"}, {"start": "00:34:09", "end": "00:34:15", "text": "the yeah the the the fund. Okay. So this"}, {"start": "00:34:13", "end": "00:34:18", "text": "is something that you could even build"}, {"start": "00:34:15", "end": "00:34:19", "text": "an industry around. You can take out"}, {"start": "00:34:18", "end": "00:34:20", "text": "debt. I mean, let's say you come"}, {"start": "00:34:19", "end": "00:34:22", "text": "together, you and your bros, you see,"}, {"start": "00:34:20", "end": "00:34:24", "text": "hey, we can do this governance. We need"}, {"start": "00:34:22", "end": "00:34:27", "text": "maybe, you know, $5 million or"}, {"start": "00:34:24", "end": "00:34:29", "text": "something, but we get 20 back. That's"}, {"start": "00:34:27", "end": "00:34:32", "text": "like the the best VC investment ever"}, {"start": "00:34:29", "end": "00:34:33", "text": "with the very fast payout."}, {"start": "00:34:32", "end": "00:34:36", "text": "You don't even need to have all the"}, {"start": "00:34:33", "end": "00:34:39", "text": "money yourself in many cases. And how"}, {"start": "00:34:36", "end": "00:34:41", "text": "many how many uh Dows are like that? how"}, {"start": "00:34:39", "end": "00:34:43", "text": "many Dows are are have this"}, {"start": "00:34:41", "end": "00:34:46", "text": "vulnerability. Now, it's going to be"}, {"start": "00:34:43", "end": "00:34:49", "text": "very interesting to find out whether it"}, {"start": "00:34:46", "end": "00:34:51", "text": "is seen as a hacker or not because they"}, {"start": "00:34:49", "end": "00:34:53", "text": "they know the guy they they 100% know"}, {"start": "00:34:51", "end": "00:34:55", "text": "the guy because they figured out the"}, {"start": "00:34:53", "end": "00:34:58", "text": "exchange. There was a certain exchange"}, {"start": "00:34:55", "end": "00:35:00", "text": "that was being used uh we read it in the"}, {"start": "00:34:58", "end": "00:35:02", "text": "in this look here look here uh during"}, {"start": "00:35:00", "end": "00:35:05", "text": "this bond identified the exchange wallet"}, {"start": "00:35:02", "end": "00:35:07", "text": "used to purchase bonk. So there was an"}, {"start": "00:35:05", "end": "00:35:08", "text": "central exchange I guess used here that"}, {"start": "00:35:07", "end": "00:35:12", "text": "they identified which means that likely"}, {"start": "00:35:08", "end": "00:35:14", "text": "they have KYC on the guy and uh yeah I I"}, {"start": "00:35:12", "end": "00:35:17", "text": "I mean personally I don't see too much"}, {"start": "00:35:14", "end": "00:35:18", "text": "issues with it personally why am I not"}, {"start": "00:35:17", "end": "00:35:20", "text": "seeing too much issues mind you have a"}, {"start": "00:35:18", "end": "00:35:22", "text": "DAO why you have a DA why you built it"}, {"start": "00:35:20", "end": "00:35:25", "text": "like that you set it up like that it was"}, {"start": "00:35:22", "end": "00:35:28", "text": "a fair vote with tokens you anyone can"}, {"start": "00:35:25", "end": "00:35:30", "text": "submit a supply a a sorry anyone can"}, {"start": "00:35:28", "end": "00:35:33", "text": "submit a proposal now I don't know the"}, {"start": "00:35:30", "end": "00:35:35", "text": "proposal exactly but maybe he delivers I"}, {"start": "00:35:33", "end": "00:35:35", "text": "mean"}, {"start": "00:35:36", "end": "00:35:41", "text": "Have they asked that? Maybe the guy will"}, {"start": "00:35:38", "end": "00:35:43", "text": "deliver on the proposal. Now if he does"}, {"start": "00:35:41", "end": "00:35:46", "text": "not deliver on the proposal, then it's a"}, {"start": "00:35:43", "end": "00:35:48", "text": "problem. Then it's a problem. But where"}, {"start": "00:35:46", "end": "00:35:49", "text": "is this? D what was the proposal? Let's"}, {"start": "00:35:48", "end": "00:35:52", "text": "see. Let's see. Let's see. Let's see."}, {"start": "00:35:49", "end": "00:35:54", "text": "Let's see. Uh is it this one? He give"}, {"start": "00:35:52", "end": "00:35:57", "text": "him time to deliver. So he needs to"}, {"start": "00:35:54", "end": "00:35:59", "text": "implement govern so governance. Install"}, {"start": "00:35:57", "end": "00:36:02", "text": "new members."}, {"start": "00:35:59", "end": "00:36:04", "text": "Okay. Add metadata."}, {"start": "00:36:02", "end": "00:36:06", "text": "So what he needs to deliver on I I would"}, {"start": "00:36:04", "end": "00:36:08", "text": "wait for the guy to deliver but what was"}, {"start": "00:36:06", "end": "00:36:10", "text": "actual proposal man what was actual"}, {"start": "00:36:08", "end": "00:36:12", "text": "proposal"}, {"start": "00:36:10", "end": "00:36:15", "text": "uh"}, {"start": "00:36:12", "end": "00:36:20", "text": "so implement so governance install new"}, {"start": "00:36:15", "end": "00:36:20", "text": "members rebuild from ash"}, {"start": "00:36:20", "end": "00:36:25", "text": "monetize holdings stop the bleeding all"}, {"start": "00:36:23", "end": "00:36:27", "text": "yes voters are eligible to receive Oh"}, {"start": "00:36:25", "end": "00:36:32", "text": "yeah everyone who votes yes is going to"}, {"start": "00:36:27", "end": "00:36:32", "text": "be rewarded the Yes."}, {"start": "00:36:33", "end": "00:36:38", "text": "Add metadata. Okay. Okay. Well, let's"}, {"start": "00:36:36", "end": "00:36:39", "text": "see. Is he laundering the money yet? We"}, {"start": "00:36:38", "end": "00:36:40", "text": "need to see the bonk chart. What's"}, {"start": "00:36:39", "end": "00:36:42", "text": "happening, guys? What's happening? Did"}, {"start": "00:36:40", "end": "00:36:45", "text": "he dump the bonk yet or or or not?"}, {"start": "00:36:42", "end": "00:36:47", "text": "Because uh if he's a bit worried here,"}, {"start": "00:36:45", "end": "00:36:49", "text": "he needs to move the asset very fast."}, {"start": "00:36:47", "end": "00:36:51", "text": "Well, the the he didn't dump too much, I"}, {"start": "00:36:49", "end": "00:36:54", "text": "guess. He still hold me. Yeah. So, give"}, {"start": "00:36:51", "end": "00:36:56", "text": "the man time to rebuild from the ashes."}, {"start": "00:36:54", "end": "00:36:58", "text": "He needs to rebuild from the ashes. He"}, {"start": "00:36:56", "end": "00:36:59", "text": "needs to install new members. So, if he"}, {"start": "00:36:58", "end": "00:37:01", "text": "delivers on that, I don't see any"}, {"start": "00:36:59", "end": "00:37:05", "text": "problems for that. The bonk didn't even"}, {"start": "00:37:01", "end": "00:37:06", "text": "dump that much. Uh, so I guess he hasn't"}, {"start": "00:37:05", "end": "00:37:09", "text": "dumped yet. So, he's not trying to flee"}, {"start": "00:37:06", "end": "00:37:11", "text": "to tornado cash. He's not trying to flee"}, {"start": "00:37:09", "end": "00:37:13", "text": "to tornado cash. So, let him deliver on"}, {"start": "00:37:11", "end": "00:37:15", "text": "the proposal."}, {"start": "00:37:13", "end": "00:37:18", "text": "It got passed."}, {"start": "00:37:15", "end": "00:37:20", "text": "And uh,"}, {"start": "00:37:18", "end": "00:37:22", "text": "stop the bleeding. He needs to see he"}, {"start": "00:37:20", "end": "00:37:25", "text": "needs to stop the bleeding. If he can"}, {"start": "00:37:22", "end": "00:37:26", "text": "get bong into a bull trend, then"}, {"start": "00:37:25", "end": "00:37:29", "text": "fantastic. Fantastic. because the"}, {"start": "00:37:26", "end": "00:37:31", "text": "current treasury was not able to do"}, {"start": "00:37:29", "end": "00:37:33", "text": "that. If the guy can stop the bleing and"}, {"start": "00:37:31", "end": "00:37:34", "text": "rebuild from ashes, I think it's"}, {"start": "00:37:33", "end": "00:37:36", "text": "fantastic. Fantastic guys. Let me know"}, {"start": "00:37:34", "end": "00:37:38", "text": "what you think. But yeah, it's a big"}, {"start": "00:37:36", "end": "00:37:39", "text": "question. Uh is it hack or it's not"}, {"start": "00:37:38", "end": "00:37:44", "text": "hack?"}, {"start": "00:37:39", "end": "00:37:47", "text": "Now, uh let's see. YG yield games"}, {"start": "00:37:44", "end": "00:37:49", "text": "shutting down. Yeah. U not too much"}, {"start": "00:37:47", "end": "00:37:50", "text": "news, but I included it anyway for all"}, {"start": "00:37:49", "end": "00:37:52", "text": "you gaming, but no one cares. Like no"}, {"start": "00:37:50", "end": "00:37:54", "text": "one is playing this games anyway. This"}, {"start": "00:37:52", "end": "00:37:57", "text": "is This one actually makes me sad."}, {"start": "00:37:54", "end": "00:37:59", "text": "Really? You play the game? Proof of LA"}, {"start": "00:37:57", "end": "00:38:02", "text": "streaming and posting. No, no one plays"}, {"start": "00:37:59", "end": "00:38:04", "text": "this onchain games. It's What is it? YG,"}, {"start": "00:38:02", "end": "00:38:07", "text": "one of few gaming publishers in crypto"}, {"start": "00:38:04", "end": "00:38:10", "text": "that always acted in good faith put out"}, {"start": "00:38:07", "end": "00:38:12", "text": "some really fun game. Can't blame this."}, {"start": "00:38:10", "end": "00:38:15", "text": "No, no one cares. No one cares. I I"}, {"start": "00:38:12", "end": "00:38:17", "text": "don't think too many people care. Uh"}, {"start": "00:38:15", "end": "00:38:19", "text": "people wanted to make profit. They"}, {"start": "00:38:17", "end": "00:38:21", "text": "didn't make profit. And yeah, now now"}, {"start": "00:38:19", "end": "00:38:23", "text": "they can do something else. Kagi Kagi,"}, {"start": "00:38:21", "end": "00:38:24", "text": "big shout out. Big shout out. Also, I I"}, {"start": "00:38:23", "end": "00:38:27", "text": "wasn't too involved. Maybe it is"}, {"start": "00:38:24", "end": "00:38:28", "text": "amazing. Maybe everyone loves YG. I I"}, {"start": "00:38:27", "end": "00:38:30", "text": "just know they were big in the last like"}, {"start": "00:38:28", "end": "00:38:34", "text": "gaming bull and that's it. I haven't"}, {"start": "00:38:30", "end": "00:38:36", "text": "played too much. Um let me know. But was"}, {"start": "00:38:34", "end": "00:38:38", "text": "it actually that fun? This guy this guy"}, {"start": "00:38:36", "end": "00:38:41", "text": "say was actually like fun like Runescape"}, {"start": "00:38:38", "end": "00:38:42", "text": "level fun. Was actually Runescape level"}, {"start": "00:38:41", "end": "00:38:44", "text": "fun where you spend your time. I I don't"}, {"start": "00:38:42", "end": "00:38:47", "text": "think so. I don't think so. Now look"}, {"start": "00:38:44", "end": "00:38:50", "text": "here. Kag coming out saying we are going"}, {"start": "00:38:47", "end": "00:38:54", "text": "to see another gaming run and it will"}, {"start": "00:38:50", "end": "00:38:57", "text": "most likely start on Sana. Fully agree."}, {"start": "00:38:54", "end": "00:38:58", "text": "Fully agree. Not immediately though."}, {"start": "00:38:57", "end": "00:39:00", "text": "Overall, we're still in bearish market."}, {"start": "00:38:58", "end": "00:39:02", "text": "Kintar is a good sign of what's coming."}, {"start": "00:39:00", "end": "00:39:05", "text": "For a long time, one thing the industry"}, {"start": "00:39:02", "end": "00:39:08", "text": "was missing was convincing gamba digence"}, {"start": "00:39:05", "end": "00:39:11", "text": "that it's far more fun to gamble gamble"}, {"start": "00:39:08", "end": "00:39:13", "text": "while playing a game than stare at the"}, {"start": "00:39:11", "end": "00:39:15", "text": "chart. That's true. That's actually very"}, {"start": "00:39:13", "end": "00:39:18", "text": "true. That's why crypto gaming exists,"}, {"start": "00:39:15", "end": "00:39:20", "text": "guys. It's not to rebuild, you know, the"}, {"start": "00:39:18", "end": "00:39:23", "text": "a game that's fun. It's for gamba"}, {"start": "00:39:20", "end": "00:39:26", "text": "gambing gamba to be gamba dig. But"}, {"start": "00:39:23", "end": "00:39:28", "text": "instead of staring at on a chart, you"}, {"start": "00:39:26", "end": "00:39:30", "text": "can stare on a on a cute pixelated guy"}, {"start": "00:39:28", "end": "00:39:32", "text": "that's fishing and maybe you can do some"}, {"start": "00:39:30", "end": "00:39:35", "text": "or you know cutting chopping tree or"}, {"start": "00:39:32", "end": "00:39:40", "text": "doing fire making or enchanting necklace"}, {"start": "00:39:35", "end": "00:39:41", "text": "or enchanting uncut sapphire uh etc etc."}, {"start": "00:39:40", "end": "00:39:43", "text": "Well, not enchanting but chiseling"}, {"start": "00:39:41", "end": "00:39:45", "text": "chiseling it chiseling it. Chiseling"}, {"start": "00:39:43", "end": "00:39:48", "text": "into s take uncut siphon then you chisel"}, {"start": "00:39:45", "end": "00:39:50", "text": "it into sapphire. You get is it"}, {"start": "00:39:48", "end": "00:39:52", "text": "crafting? You get crafting XP. From"}, {"start": "00:39:50", "end": "00:39:54", "text": "there you can en enhance the sapphire."}, {"start": "00:39:52", "end": "00:39:58", "text": "you get major XP. Okay, so it's like a"}, {"start": "00:39:54", "end": "00:39:59", "text": "road map there. It is the hard part will"}, {"start": "00:39:58", "end": "00:40:02", "text": "be navigating this land ecosystem which"}, {"start": "00:39:59", "end": "00:40:04", "text": "is full of rugs. Some are so elaborate"}, {"start": "00:40:02", "end": "00:40:05", "text": "that teams will build a real game and"}, {"start": "00:40:04", "end": "00:40:08", "text": "keep it live for a month, grow community"}, {"start": "00:40:05", "end": "00:40:09", "text": "around and still have the intention of"}, {"start": "00:40:08", "end": "00:40:12", "text": "rugging it from the very be. Yeah, it's"}, {"start": "00:40:09", "end": "00:40:14", "text": "true. It can happen. It can happen. Just"}, {"start": "00:40:12", "end": "00:40:17", "text": "like he says here the other day that"}, {"start": "00:40:14", "end": "00:40:18", "text": "it's hard being an influencer. You guys"}, {"start": "00:40:17", "end": "00:40:19", "text": "you guys don't understand that, you"}, {"start": "00:40:18", "end": "00:40:21", "text": "know, it's it's hard to be influencer."}, {"start": "00:40:19", "end": "00:40:23", "text": "It's very hard. It's very hard. Look"}, {"start": "00:40:21", "end": "00:40:26", "text": "here. I'm playing this new crypto game I"}, {"start": "00:40:23", "end": "00:40:28", "text": "like and I'm afraid it will rug. If it"}, {"start": "00:40:26", "end": "00:40:31", "text": "rugs, I'm a scammer. If it does good,"}, {"start": "00:40:28", "end": "00:40:33", "text": "I'm a hero. Only in crypto you have to"}, {"start": "00:40:31", "end": "00:40:35", "text": "worry about. Exactly. Exactly. So, guys,"}, {"start": "00:40:33", "end": "00:40:36", "text": "when we speak about shitcoins, like"}, {"start": "00:40:35", "end": "00:40:38", "text": "small shitcoins. And today, by the way,"}, {"start": "00:40:36", "end": "00:40:39", "text": "we haven't even spoken about small"}, {"start": "00:40:38", "end": "00:40:41", "text": "shitcoins. But that's why I keep"}, {"start": "00:40:39", "end": "00:40:43", "text": "reminding you guys that it's your"}, {"start": "00:40:41", "end": "00:40:45", "text": "responsibility. If it goes to zero,"}, {"start": "00:40:43", "end": "00:40:47", "text": "don't come crying to me. I will not"}, {"start": "00:40:45", "end": "00:40:49", "text": "listen to you one second. One second."}, {"start": "00:40:47", "end": "00:40:52", "text": "Because the only way I can speak to you"}, {"start": "00:40:49", "end": "00:40:54", "text": "about the small micro shitcoins is if"}, {"start": "00:40:52", "end": "00:40:56", "text": "you never come crying here. Never come"}, {"start": "00:40:54", "end": "00:40:57", "text": "crying here. Maybe it's a rag. I don't"}, {"start": "00:40:56", "end": "00:41:00", "text": "know. It's not it's not it's not my"}, {"start": "00:40:57", "end": "00:41:02", "text": "responsibility. I'm only responsible for"}, {"start": "00:41:00", "end": "00:41:04", "text": "my portfolio. You come crying here, get"}, {"start": "00:41:02", "end": "00:41:07", "text": "out. Get out. You want to make money."}, {"start": "00:41:04", "end": "00:41:08", "text": "You're a profit driven likely slightly."}, {"start": "00:41:07", "end": "00:41:10", "text": "You know, in the markets, we're all a"}, {"start": "00:41:08", "end": "00:41:12", "text": "bit greedy. I'm nothing to hide here."}, {"start": "00:41:10", "end": "00:41:14", "text": "You're probably You want money. You want"}, {"start": "00:41:12", "end": "00:41:16", "text": "the monies. You take a risk. This"}, {"start": "00:41:14", "end": "00:41:18", "text": "chicken goes to zero. Fair play. Hey,"}, {"start": "00:41:16", "end": "00:41:20", "text": "you took risk. Maybe it would made you a"}, {"start": "00:41:18", "end": "00:41:24", "text": "lot of money. Now this time you take a"}, {"start": "00:41:20", "end": "00:41:25", "text": "risk, you lose. Fully fair. Never come"}, {"start": "00:41:24", "end": "00:41:27", "text": "crying here. That's why we say the big"}, {"start": "00:41:25", "end": "00:41:30", "text": "boy pants. Please confirm that you have"}, {"start": "00:41:27", "end": "00:41:32", "text": "the big the biggest big boy pants ever."}, {"start": "00:41:30", "end": "00:41:34", "text": "For now though, you know, we're still"}, {"start": "00:41:32", "end": "00:41:36", "text": "not in bull market. We don't discuss any"}, {"start": "00:41:34", "end": "00:41:38", "text": "small like uh too many small small"}, {"start": "00:41:36", "end": "00:41:39", "text": "shitcoins. Uh but in the bull market,"}, {"start": "00:41:38", "end": "00:41:42", "text": "it's going to be a lot. It's going to be"}, {"start": "00:41:39", "end": "00:41:44", "text": "a lot. And I will I will require you to"}, {"start": "00:41:42", "end": "00:41:45", "text": "confirm otherwise we don't speak about"}, {"start": "00:41:44", "end": "00:41:49", "text": "shitcoins. We only speak about Bitcoin."}, {"start": "00:41:45", "end": "00:41:52", "text": "But I know you guys want Shitcoin."}, {"start": "00:41:49", "end": "00:41:54", "text": "Stop lying. Stop lying. Stop lying."}, {"start": "00:41:52", "end": "00:41:57", "text": "Everyone wants the small small big"}, {"start": "00:41:54", "end": "00:41:59", "text": "upside, the zero downside, you know. We"}, {"start": "00:41:57", "end": "00:42:02", "text": "But we It's risk. It's risk. It's big"}, {"start": "00:41:59", "end": "00:42:04", "text": "risk. So, I know you want it. I know"}, {"start": "00:42:02", "end": "00:42:08", "text": "that you breathe and you live for the"}, {"start": "00:42:04", "end": "00:42:10", "text": "you you long for the shitcoin. You are"}, {"start": "00:42:08", "end": "00:42:13", "text": "uh begging. You're begging and begging"}, {"start": "00:42:10", "end": "00:42:14", "text": "for big opportunity. Well, it has a it"}, {"start": "00:42:13", "end": "00:42:16", "text": "has a downside. It has a downside. they"}, {"start": "00:42:14", "end": "00:42:18", "text": "may go to zero. That's that's the rule"}, {"start": "00:42:16", "end": "00:42:20", "text": "of the game."}, {"start": "00:42:18", "end": "00:42:21", "text": "So, uh what else we have? What else we"}, {"start": "00:42:20", "end": "00:42:24", "text": "have? Oh, yeah. On ETH, guys, they want"}, {"start": "00:42:21", "end": "00:42:27", "text": "to have native UTX. So, to make the to"}, {"start": "00:42:24", "end": "00:42:29", "text": "make the uh state smaller basically, you"}, {"start": "00:42:27", "end": "00:42:30", "text": "know, if you're a technical person, you"}, {"start": "00:42:29", "end": "00:42:32", "text": "know it. If you're not technical, just"}, {"start": "00:42:30", "end": "00:42:34", "text": "think of it that the node now the ETH"}, {"start": "00:42:32", "end": "00:42:36", "text": "node has to do a lot of work. It has to"}, {"start": "00:42:34", "end": "00:42:38", "text": "do a lot of storage. A lot of storage"}, {"start": "00:42:36", "end": "00:42:40", "text": "and also a lot of computation when you"}, {"start": "00:42:38", "end": "00:42:42", "text": "want to look things up. Uh let's say you"}, {"start": "00:42:40", "end": "00:42:44", "text": "want to do transfers like under the"}, {"start": "00:42:42", "end": "00:42:47", "text": "hood. The way ETH works right now using"}, {"start": "00:42:44", "end": "00:42:49", "text": "the account model, it's not too"}, {"start": "00:42:47", "end": "00:42:51", "text": "efficient in comparison to UTXO and"}, {"start": "00:42:49", "end": "00:42:53", "text": "Bitcoin when it comes to the state."}, {"start": "00:42:51", "end": "00:42:57", "text": "Okay. And the state is basically that"}, {"start": "00:42:53", "end": "00:42:59", "text": "the the node the server that uh you know"}, {"start": "00:42:57", "end": "00:43:01", "text": "a network like ETH or Bitcoin is it's a"}, {"start": "00:42:59", "end": "00:43:03", "text": "bunch of nodes and nodes are just"}, {"start": "00:43:01", "end": "00:43:05", "text": "servers. It's it's a ser bunch of"}, {"start": "00:43:03", "end": "00:43:06", "text": "servers and server is just computer."}, {"start": "00:43:05", "end": "00:43:08", "text": "It's computer speaking to other"}, {"start": "00:43:06", "end": "00:43:10", "text": "computer. So on ETH now the computer"}, {"start": "00:43:08", "end": "00:43:13", "text": "that speaks to other computer the the"}, {"start": "00:43:10", "end": "00:43:16", "text": "nodes they need to hold a lot of"}, {"start": "00:43:13", "end": "00:43:19", "text": "information in memory and they need to"}, {"start": "00:43:16", "end": "00:43:21", "text": "have this permanent state which is"}, {"start": "00:43:19", "end": "00:43:23", "text": "growing larger and larger. It has pros"}, {"start": "00:43:21", "end": "00:43:26", "text": "it has cons but one of the pros of the"}, {"start": "00:43:23", "end": "00:43:30", "text": "UTXO model on Bitcoin is that this state"}, {"start": "00:43:26", "end": "00:43:31", "text": "is way smaller and uh Cardano has UTXO"}, {"start": "00:43:30", "end": "00:43:34", "text": "model it doesn't help them with the"}, {"start": "00:43:31", "end": "00:43:37", "text": "price at all. uh there is a bit yeah a"}, {"start": "00:43:34", "end": "00:43:39", "text": "bit of move now to bring you take so to"}, {"start": "00:43:37", "end": "00:43:41", "text": "ETH. So on Ethereum receiving a payment"}, {"start": "00:43:39", "end": "00:43:43", "text": "add state forever. The first time an"}, {"start": "00:43:41", "end": "00:43:46", "text": "address receives ETH. So as soon as"}, {"start": "00:43:43", "end": "00:43:49", "text": "someone sends uh anything to an address"}, {"start": "00:43:46", "end": "00:43:51", "text": "now all nodes on the whole network needs"}, {"start": "00:43:49", "end": "00:43:53", "text": "need to keep track of it. You"}, {"start": "00:43:51", "end": "00:43:55", "text": "understand?"}, {"start": "00:43:53", "end": "00:43:58", "text": "As soon as you send some uh a new"}, {"start": "00:43:55", "end": "00:44:02", "text": "address gets gets activated now all the"}, {"start": "00:43:58", "end": "00:44:04", "text": "computer all the computer in whole"}, {"start": "00:44:02", "end": "00:44:07", "text": "network all computer in whole network"}, {"start": "00:44:04", "end": "00:44:10", "text": "now need to basically have an entry with"}, {"start": "00:44:07", "end": "00:44:12", "text": "that address and track it forever even"}, {"start": "00:44:10", "end": "00:44:14", "text": "if it's never used again okay you"}, {"start": "00:44:12", "end": "00:44:17", "text": "understand computer simple language okay"}, {"start": "00:44:14", "end": "00:44:20", "text": "so bitcoin works differently a bitcoin"}, {"start": "00:44:17", "end": "00:44:22", "text": "payment is a oneshot object created once"}, {"start": "00:44:20", "end": "00:44:25", "text": "spent once then gone deleted from the"}, {"start": "00:44:22", "end": "00:44:29", "text": "state. So with with UTXO you you don't"}, {"start": "00:44:25", "end": "00:44:30", "text": "have it. If if a UTXO is gone, it's it's"}, {"start": "00:44:29", "end": "00:44:31", "text": "gone from the state. So the the nodes"}, {"start": "00:44:30", "end": "00:44:35", "text": "don't have to track it. The chain"}, {"start": "00:44:31", "end": "00:44:37", "text": "remembers that UTXO was spent uh not an"}, {"start": "00:44:35", "end": "00:44:38", "text": "account balance. This property is worth"}, {"start": "00:44:37", "end": "00:44:41", "text": "borrowing and Ethereum can have it"}, {"start": "00:44:38", "end": "00:44:43", "text": "without giving up accounts for payment"}, {"start": "00:44:41", "end": "00:44:45", "text": "workloads that do not need persistent"}, {"start": "00:44:43", "end": "00:44:49", "text": "state. Native UTXOs bring the permanent"}, {"start": "00:44:45", "end": "00:44:51", "text": "state usage down by roughly 99.8%."}, {"start": "00:44:49", "end": "00:44:53", "text": "So yeah, you can read more here. Let's"}, {"start": "00:44:51", "end": "00:44:54", "text": "see if they do it. But uh yeah, I mean"}, {"start": "00:44:53", "end": "00:44:57", "text": "man, these guys they're kind of winning"}, {"start": "00:44:54", "end": "00:45:00", "text": "it. Winging winging they're winning the"}, {"start": "00:44:57", "end": "00:45:02", "text": "the road map now also. I mean Vitalik he"}, {"start": "00:45:00", "end": "00:45:05", "text": "came out with a big fat road map out of"}, {"start": "00:45:02", "end": "00:45:08", "text": "nowhere yesterday. He said they met with"}, {"start": "00:45:05", "end": "00:45:11", "text": "researchers and node oper sorry client"}, {"start": "00:45:08", "end": "00:45:14", "text": "developers and they created this big fat"}, {"start": "00:45:11", "end": "00:45:16", "text": "road map. We had a like 30 minute uh"}, {"start": "00:45:14", "end": "00:45:17", "text": "talk about it yesterday. Go and watch."}, {"start": "00:45:16", "end": "00:45:19", "text": "You know, people say that solely is"}, {"start": "00:45:17", "end": "00:45:22", "text": "centralized, sometimes this and that,"}, {"start": "00:45:19", "end": "00:45:23", "text": "but on Solana, all of the changes are"}, {"start": "00:45:22", "end": "00:45:26", "text": "voted on. Like all of the road map"}, {"start": "00:45:23", "end": "00:45:28", "text": "stuff, it's it's voted on. Um there's"}, {"start": "00:45:26", "end": "00:45:31", "text": "always some, you know, proposal to do it"}, {"start": "00:45:28", "end": "00:45:34", "text": "on if Vitalik says WE DO L2 THEN OFF"}, {"start": "00:45:31", "end": "00:45:35", "text": "CRAP. OKAY, we don't do L2. Scrap it."}, {"start": "00:45:34", "end": "00:45:37", "text": "Scrap it. They had such a big road map"}, {"start": "00:45:35", "end": "00:45:39", "text": "for L2 with the splurge with the merge"}, {"start": "00:45:37", "end": "00:45:41", "text": "with they did the merge, but then the"}, {"start": "00:45:39", "end": "00:45:43", "text": "splurge, the purge. Do you remember now?"}, {"start": "00:45:41", "end": "00:45:45", "text": "B. Hey, no more. No more. We have new"}, {"start": "00:45:43", "end": "00:45:48", "text": "road map. Now it's privacy. We're going"}, {"start": "00:45:45", "end": "00:45:49", "text": "to do privacy uh quantum resistance, you"}, {"start": "00:45:48", "end": "00:45:52", "text": "know, basically takes the the whatever"}, {"start": "00:45:49", "end": "00:45:55", "text": "is a hot uh discussion on Twitter."}, {"start": "00:45:52", "end": "00:45:56", "text": "That's the new road map. They're winging"}, {"start": "00:45:55", "end": "00:46:00", "text": "it, guys. They're winging it. Let's see"}, {"start": "00:45:56", "end": "00:46:02", "text": "if this winging works out or not. But uh"}, {"start": "00:46:00", "end": "00:46:05", "text": "yeah, I think if they need to come down"}, {"start": "00:46:02", "end": "00:46:09", "text": "from the uh high horse and just be, you"}, {"start": "00:46:05", "end": "00:46:11", "text": "know, eat dirt, meaning being humble and"}, {"start": "00:46:09", "end": "00:46:13", "text": "uh not seeing themselves above anyone"}, {"start": "00:46:11", "end": "00:46:16", "text": "else because they're not and deliver"}, {"start": "00:46:13", "end": "00:46:19", "text": "stuff that leads to dabs, users, etc.,"}, {"start": "00:46:16", "end": "00:46:22", "text": "etc., etc. Figure it out. Next, Sui Sui"}, {"start": "00:46:19", "end": "00:46:26", "text": "Sui said that they uh hit 6 million TPS,"}, {"start": "00:46:22", "end": "00:46:28", "text": "highest TPS recorded by blockchain. Now"}, {"start": "00:46:26", "end": "00:46:29", "text": "this you know for nontechnical people"}, {"start": "00:46:28", "end": "00:46:31", "text": "this seems impressive it's not"}, {"start": "00:46:29", "end": "00:46:33", "text": "impressive because this TPS is just"}, {"start": "00:46:31", "end": "00:46:36", "text": "running the node on one machine without"}, {"start": "00:46:33", "end": "00:46:39", "text": "network like without just you know"}, {"start": "00:46:36", "end": "00:46:41", "text": "it's the you know you have a node that"}, {"start": "00:46:39", "end": "00:46:42", "text": "runs itself it can be very fast of"}, {"start": "00:46:41", "end": "00:46:45", "text": "course it doesn't have to speak to any"}, {"start": "00:46:42", "end": "00:46:48", "text": "other node it's not a network and just"}, {"start": "00:46:45", "end": "00:46:50", "text": "like people point out SUI has 6 million"}, {"start": "00:46:48", "end": "00:46:52", "text": "TPS and $1,000"}, {"start": "00:46:50", "end": "00:46:54", "text": "of daily revenue so no one is using it"}, {"start": "00:46:52", "end": "00:46:56", "text": "what is this okay you have the biggest"}, {"start": "00:46:54", "end": "00:46:58", "text": "TPS where is the DEX where Where is"}, {"start": "00:46:56", "end": "00:47:00", "text": "perex? Where's prediction market?"}, {"start": "00:46:58", "end": "00:47:02", "text": "Where's memes? Where is games? Where is"}, {"start": "00:47:00", "end": "00:47:03", "text": "all of it? Why? Why I don't see it? Ah,"}, {"start": "00:47:02", "end": "00:47:05", "text": "it's nowhere to be seen. Okay, big"}, {"start": "00:47:03", "end": "00:47:07", "text": "problem. Big problem. Guys, on this"}, {"start": "00:47:05", "end": "00:47:10", "text": "note, let's go to Q&A questions,"}, {"start": "00:47:07", "end": "00:47:14", "text": "answers, debates, discussions. Let's go"}, {"start": "00:47:10", "end": "00:47:17", "text": "as soon as possible. Big shout out to"}, {"start": "00:47:14", "end": "00:47:19", "text": "Gooseman. Gooseman for timestamping us"}, {"start": "00:47:17", "end": "00:47:21", "text": "today. Let's see, by the way, how Suie"}, {"start": "00:47:19", "end": "00:47:24", "text": "is doing on the chart. Is it bull trend?"}, {"start": "00:47:21", "end": "00:47:27", "text": "Is it bare trend? Is it sideways trend?"}, {"start": "00:47:24", "end": "00:47:29", "text": "What's happening"}, {"start": "00:47:27", "end": "00:47:31", "text": "on the hourly? By the way, guys, if you"}, {"start": "00:47:29", "end": "00:47:32", "text": "have the money scanner and you want to"}, {"start": "00:47:31", "end": "00:47:34", "text": "trade shorter term, you can use the"}, {"start": "00:47:32", "end": "00:47:37", "text": "hourly time frame. I mean, hourly in"}, {"start": "00:47:34", "end": "00:47:39", "text": "this environment, as you can see, you do"}, {"start": "00:47:37", "end": "00:47:40", "text": "you do you do have nice returns here,"}, {"start": "00:47:39", "end": "00:47:43", "text": "especially if you use if you know how to"}, {"start": "00:47:40", "end": "00:47:45", "text": "use leverage, it's can be very nice on"}, {"start": "00:47:43", "end": "00:47:47", "text": "the daily, still bare. Still bare. So,"}, {"start": "00:47:45", "end": "00:47:50", "text": "be careful. That's why hourly you can"}, {"start": "00:47:47", "end": "00:47:52", "text": "trade shortterm. On the anything else"}, {"start": "00:47:50", "end": "00:47:53", "text": "that you don't don't think long term"}, {"start": "00:47:52", "end": "00:47:59", "text": "here because it's still bare, it's still"}, {"start": "00:47:53", "end": "00:48:04", "text": "very bad. is still Yeah. You see uh high"}, {"start": "00:47:59", "end": "00:48:08", "text": "lower high lower high lower high"}, {"start": "00:48:04", "end": "00:48:10", "text": "lower high. Yeah. It's uh very bad very"}, {"start": "00:48:08", "end": "00:48:12", "text": "bad very bad very bad very bad very bad"}, {"start": "00:48:10", "end": "00:48:14", "text": "super bad"}, {"start": "00:48:12", "end": "00:48:16", "text": "on the week. Oh my on the weekly it is"}, {"start": "00:48:14", "end": "00:48:19", "text": "pooping the bed. It wants to go here to"}, {"start": "00:48:16", "end": "00:48:21", "text": "0.55 this previous support here. That's"}, {"start": "00:48:19", "end": "00:48:23", "text": "the next station. And then the next"}, {"start": "00:48:21", "end": "00:48:26", "text": "station after that is this one at like"}, {"start": "00:48:23", "end": "00:48:27", "text": "0.38. Very bad. Very bad. So yeah, guys,"}, {"start": "00:48:26", "end": "00:48:31", "text": "don't even think about some, you know,"}, {"start": "00:48:27", "end": "00:48:34", "text": "long term here. It's still so bare, but"}, {"start": "00:48:31", "end": "00:48:37", "text": "the bull flip is at 1.2 and we were at"}, {"start": "00:48:34", "end": "00:48:39", "text": "1.2 like at the at the beginning of May."}, {"start": "00:48:37", "end": "00:48:41", "text": "So you see the the the bull flip is"}, {"start": "00:48:39", "end": "00:48:45", "text": "catching up with this prices here. And"}, {"start": "00:48:41", "end": "00:48:48", "text": "um yeah, some people say roll Paul."}, {"start": "00:48:45", "end": "00:48:52", "text": "Yeah, sadly roll Paul with the with the"}, {"start": "00:48:48", "end": "00:48:54", "text": "what is it? uh liquidity cycle. What the"}, {"start": "00:48:52", "end": "00:48:57", "text": "hell? Micro investing. Uh this thing is"}, {"start": "00:48:54", "end": "00:48:58", "text": "down a lot a lot in the version. It's a"}, {"start": "00:48:57", "end": "00:49:00", "text": "lot. It's a lot. It's it's very much"}, {"start": "00:48:58", "end": "00:49:03", "text": "it's down a lot, guys. It's down super"}, {"start": "00:49:00", "end": "00:49:04", "text": "much. People have lost livelihoods here."}, {"start": "00:49:03", "end": "00:49:06", "text": "Okay, that's the power of the trend. You"}, {"start": "00:49:04", "end": "00:49:08", "text": "you you don't respect the trend, you"}, {"start": "00:49:06", "end": "00:49:09", "text": "you're going to be like this. Very"}, {"start": "00:49:08", "end": "00:49:10", "text": "important. And of course, with the money"}, {"start": "00:49:09", "end": "00:49:12", "text": "scanner in real time, you see what's"}, {"start": "00:49:10", "end": "00:49:14", "text": "happening. What flips bullish, bearish,"}, {"start": "00:49:12", "end": "00:49:15", "text": "hourly, 4 hour, 12 hour, daily, weekly,"}, {"start": "00:49:14", "end": "00:49:17", "text": "what's close to alltime high, what's"}, {"start": "00:49:15", "end": "00:49:18", "text": "close to 200 week moving average. Uh and"}, {"start": "00:49:17", "end": "00:49:21", "text": "uh that's why I'm saying you know"}, {"start": "00:49:18", "end": "00:49:25", "text": "Bulmania is the is the saving grace here"}, {"start": "00:49:21", "end": "00:49:27", "text": "for many people and uh it is the money"}, {"start": "00:49:25", "end": "00:49:30", "text": "printer also for many people especially"}, {"start": "00:49:27", "end": "00:49:32", "text": "now that we enter bull learning how to"}, {"start": "00:49:30", "end": "00:49:35", "text": "use it it's uh is the difference between"}, {"start": "00:49:32", "end": "00:49:38", "text": "making it and uh being a so-called"}, {"start": "00:49:35", "end": "00:49:40", "text": "community member for another five cycles"}, {"start": "00:49:38", "end": "00:49:42", "text": "begging in telegram guys what's"}, {"start": "00:49:40", "end": "00:49:44", "text": "happening what's happening are we still"}, {"start": "00:49:42", "end": "00:49:48", "text": "bullish we're not bullish oh but when is"}, {"start": "00:49:44", "end": "00:49:48", "text": "this when listing when this when"}, {"start": "00:49:48", "end": "00:49:53", "text": "They then they tell themselves time in"}, {"start": "00:49:51", "end": "00:49:56", "text": "the market is more important than timing"}, {"start": "00:49:53", "end": "00:49:58", "text": "the market. So we can be bag holder"}, {"start": "00:49:56", "end": "00:50:01", "text": "plebe for five more years. So we have"}, {"start": "00:49:58", "end": "00:50:05", "text": "more time in the market. Delayed"}, {"start": "00:50:01", "end": "00:50:08", "text": "gratification timing the market man."}, {"start": "00:50:05", "end": "00:50:08", "text": "Crazy."}, {"start": "00:50:09", "end": "00:50:13", "text": "Fantastic. Fantastic."}, {"start": "00:50:14", "end": "00:50:19", "text": "Real Vision offers 50% discount. Guess"}, {"start": "00:50:17", "end": "00:50:22", "text": "everyone is leaving."}, {"start": "00:50:19", "end": "00:50:24", "text": "Uh yeah, but what you pay for? You pay"}, {"start": "00:50:22", "end": "00:50:26", "text": "for to hear what to to to to hear that"}, {"start": "00:50:24", "end": "00:50:29", "text": "everything is liquidity and bullish then"}, {"start": "00:50:26", "end": "00:50:32", "text": "goes down 70%. I mean, what's the point?"}, {"start": "00:50:29", "end": "00:50:34", "text": "What's the point?"}, {"start": "00:50:32", "end": "00:50:36", "text": "What's the point? I understand. But"}, {"start": "00:50:34", "end": "00:50:40", "text": "yeah, big shout out. Your goal with 10K"}, {"start": "00:50:36", "end": "00:50:44", "text": "should get to 30K. Okay. Um guys, do you"}, {"start": "00:50:40", "end": "00:50:44", "text": "have questions or no questions today?"}, {"start": "00:50:48", "end": "00:50:52", "text": "Canon near Bison, but only Bitcoin has"}, {"start": "00:50:50", "end": "00:50:54", "text": "Bison and Solana at 30. Nothing else has"}, {"start": "00:50:52", "end": "00:50:55", "text": "bison."}, {"start": "00:50:54", "end": "00:50:59", "text": "For everything else, just follow the"}, {"start": "00:50:55", "end": "00:50:59", "text": "trend when it feels bullish."}, {"start": "00:50:59", "end": "00:51:02", "text": "Nine years have flown by. Yeah. Yeah,"}, {"start": "00:51:01", "end": "00:51:04", "text": "it's crazy. Time flies, man. Time flies."}, {"start": "00:51:02", "end": "00:51:06", "text": "Oh, it's Bernard. Yo, Bernard. Big shout"}, {"start": "00:51:04", "end": "00:51:09", "text": "out to Bernard. Yeah, nine years have"}, {"start": "00:51:06", "end": "00:51:13", "text": "flown by. Holy crap. It's uh everything"}, {"start": "00:51:09", "end": "00:51:13", "text": "goes very fast."}, {"start": "00:51:14", "end": "00:51:18", "text": "We're getting old together, guys. We're"}, {"start": "00:51:15", "end": "00:51:21", "text": "getting old together. 2017, you remember"}, {"start": "00:51:18", "end": "00:51:25", "text": "2017? You remember all of this crazy"}, {"start": "00:51:21", "end": "00:51:28", "text": "pumps in 2017? It was soon 10 years ago."}, {"start": "00:51:25", "end": "00:51:31", "text": "Bcash, Bcash,"}, {"start": "00:51:28", "end": "00:51:36", "text": "big block, big block debate."}, {"start": "00:51:31", "end": "00:51:38", "text": "It was 2017, man. It was 2017."}, {"start": "00:51:36", "end": "00:51:41", "text": "It was 10 years."}, {"start": "00:51:38", "end": "00:51:44", "text": "It's like from.com"}, {"start": "00:51:41", "end": "00:51:49", "text": "bubble to 2010."}, {"start": "00:51:44", "end": "00:51:49", "text": "What the heck? It's from"}, {"start": "00:51:49", "end": "00:51:55", "text": "Yeah, it's from uh fall of the Soviet"}, {"start": "00:51:52", "end": "00:51:57", "text": "Union to the com bubble."}, {"start": "00:51:55", "end": "00:51:59", "text": "Holy crap, guys. Yeah,"}, {"start": "00:51:57", "end": "00:52:04", "text": "almost shedding a tear here together"}, {"start": "00:51:59", "end": "00:52:04", "text": "with with you guys."}, {"start": "00:52:04", "end": "00:52:09", "text": "I remember you on whiteboard."}, {"start": "00:52:07", "end": "00:52:12", "text": "Exactly. It was not whiteboard. It was"}, {"start": "00:52:09", "end": "00:52:14", "text": "paper board. Exactly. This was we"}, {"start": "00:52:12", "end": "00:52:17", "text": "explained Cardano 10 years ago on the"}, {"start": "00:52:14", "end": "00:52:19", "text": "whiteboard. That was crazy, guys. I did"}, {"start": "00:52:17", "end": "00:52:22", "text": "a video. What is Cardano? I think it got"}, {"start": "00:52:19", "end": "00:52:24", "text": "like 200,000 views or something that we"}, {"start": "00:52:22", "end": "00:52:26", "text": "never actually returned to that kind of"}, {"start": "00:52:24", "end": "00:52:28", "text": "mania. Cardano."}, {"start": "00:52:26", "end": "00:52:32", "text": "Let me see. Can I find is those videos"}, {"start": "00:52:28", "end": "00:52:35", "text": "still up or or no? Let me see if I can"}, {"start": "00:52:32", "end": "00:52:37", "text": "find some of the old gems."}, {"start": "00:52:35", "end": "00:52:41", "text": "You guys remember?"}, {"start": "00:52:37", "end": "00:52:41", "text": "Yeah, it was crazy."}, {"start": "00:52:45", "end": "00:52:49", "text": "Oh, yeah. Yeah. Look here. Look here."}, {"start": "00:52:46", "end": "00:52:52", "text": "Look here."}, {"start": "00:52:49", "end": "00:52:56", "text": "Difference between to coin token and"}, {"start": "00:52:52", "end": "00:52:58", "text": "protocol. 175k views. You know, this was"}, {"start": "00:52:56", "end": "00:53:00", "text": "the power of the 2017 bull. We never"}, {"start": "00:52:58", "end": "00:53:02", "text": "went back to those levels. Guys, look"}, {"start": "00:53:00", "end": "00:53:07", "text": "here. What is Nano? You guys remember"}, {"start": "00:53:02", "end": "00:53:09", "text": "Nano the Ray Blocks? Oh my god. Eight"}, {"start": "00:53:07", "end": "00:53:12", "text": "years ago, it was like yesterday."}, {"start": "00:53:09", "end": "00:53:18", "text": "Cardano. Here's Cardano. Oh yeah, man."}, {"start": "00:53:12", "end": "00:53:18", "text": "Cardano never even got 100k views. TRON"}, {"start": "00:53:18", "end": "00:53:25", "text": "Tron Tron 2017. Tron 200. Oh y is"}, {"start": "00:53:23", "end": "00:53:27", "text": "hashgraph replacing blockchain? I"}, {"start": "00:53:25", "end": "00:53:28", "text": "remember man. I remember it like"}, {"start": "00:53:27", "end": "00:53:31", "text": "yesterday."}, {"start": "00:53:28", "end": "00:53:32", "text": "We never actually went back to this. Um"}, {"start": "00:53:31", "end": "00:53:34", "text": "Yeah. Yeah. And and since then, what is"}, {"start": "00:53:32", "end": "00:53:36", "text": "this?"}, {"start": "00:53:34", "end": "00:53:39", "text": "How to create own guys? I should do how"}, {"start": "00:53:36", "end": "00:53:42", "text": "to create"}, {"start": "00:53:39", "end": "00:53:44", "text": "Holy crap, man. I I I need to create"}, {"start": "00:53:42", "end": "00:53:46", "text": "more of this. How to create your own"}, {"start": "00:53:44", "end": "00:53:49", "text": "coin. I need to give an update on it."}, {"start": "00:53:46", "end": "00:53:52", "text": "How it's crazy. Like the biggest videos"}, {"start": "00:53:49", "end": "00:53:55", "text": "is how to create your own coin."}, {"start": "00:53:52", "end": "00:54:00", "text": "Oh, Mike Maloney. Mike Maloney is here."}, {"start": "00:53:55", "end": "00:54:05", "text": "Big shout six years ago."}, {"start": "00:54:00", "end": "00:54:05", "text": "A a coin geko guy."}, {"start": "00:54:06", "end": "00:54:11", "text": "The moon. The moon. Oh yeah. It's in my"}, {"start": "00:54:08", "end": "00:54:11", "text": "old studio. Yeah. Yeah."}, {"start": "00:54:15", "end": "00:54:18", "text": "Wait. Wait."}, {"start": "00:54:19", "end": "00:54:25", "text": "Is Chris? No. Yeah. Exactly. Exactly. M"}, {"start": "00:54:22", "end": "00:54:25", "text": "on crypto. M crypto."}, {"start": "00:54:26", "end": "00:54:31", "text": "Oh yeah, you guys remember uh Amadu from"}, {"start": "00:54:30", "end": "00:54:34", "text": "back in the day. He predicted like the"}, {"start": "00:54:31", "end": "00:54:37", "text": "top here quite nicely, man. Phil, it was"}, {"start": "00:54:34", "end": "00:54:40", "text": "three years ago. Oh yeah, there we go."}, {"start": "00:54:37", "end": "00:54:40", "text": "There we go."}, {"start": "00:54:49", "end": "00:54:52", "text": "Need to bring back the old studio. Oh,"}, {"start": "00:54:51", "end": "00:54:54", "text": "you mean with the screws? No, I'm not"}, {"start": "00:54:52", "end": "00:54:57", "text": "going to bring it back. I I it's it's"}, {"start": "00:54:54", "end": "00:54:59", "text": "you know it's it was like hot from them"}, {"start": "00:54:57", "end": "00:55:00", "text": "and I I need comfortable I need"}, {"start": "00:54:59", "end": "00:55:03", "text": "comfortable I need comfortable office"}, {"start": "00:55:00", "end": "00:55:05", "text": "that uh I can work in when it's not"}, {"start": "00:55:03", "end": "00:55:07", "text": "stream when it's stream I turn it on"}, {"start": "00:55:05", "end": "00:55:09", "text": "it's uh needs to be comfortable needs to"}, {"start": "00:55:07", "end": "00:55:11", "text": "be comfortable"}, {"start": "00:55:09", "end": "00:55:14", "text": "I remember I mean the screens were nice"}, {"start": "00:55:11", "end": "00:55:16", "text": "but uh you know it's a it's like a"}, {"start": "00:55:14", "end": "00:55:19", "text": "separate studio for it and I need a"}, {"start": "00:55:16", "end": "00:55:21", "text": "computer needs to be separate I here I"}, {"start": "00:55:19", "end": "00:55:22", "text": "have the same I work here I record you"}, {"start": "00:55:21", "end": "00:55:24", "text": "you guys are there I'm here fantastic"}, {"start": "00:55:22", "end": "00:55:26", "text": "Fantastic."}, {"start": "00:55:24", "end": "00:55:28", "text": "Fantastic. But maybe we Let's see. Maybe"}, {"start": "00:55:26", "end": "00:55:31", "text": "next bull market we bring it back. Let's"}, {"start": "00:55:28", "end": "00:55:31", "text": "see."}, {"start": "00:55:31", "end": "00:55:35", "text": "Now this was 10 years ago. Probably. Now"}, {"start": "00:55:33", "end": "00:55:38", "text": "technology has evolved and there are"}, {"start": "00:55:35", "end": "00:55:41", "text": "screens that are not hot. Having them up"}, {"start": "00:55:38", "end": "00:55:44", "text": "for, you know, for a few hours, man was"}, {"start": "00:55:41", "end": "00:55:46", "text": "like radiating heat from them."}, {"start": "00:55:44", "end": "00:55:48", "text": "This set. Yeah, this setup is nice, man."}, {"start": "00:55:46", "end": "00:55:50", "text": "It's cozy. It's cozy. You guys are We're"}, {"start": "00:55:48", "end": "00:55:53", "text": "kind of discussing here drinking a bit"}, {"start": "00:55:50", "end": "00:55:53", "text": "of coffee. It's nice. It's nice."}, {"start": "00:55:56", "end": "00:56:02", "text": "You think Andreas Antonopoulos is rich"}, {"start": "00:55:59", "end": "00:56:04", "text": "now? I think he's okay. I think he's"}, {"start": "00:56:02", "end": "00:56:08", "text": "okay. I think he got a few million from"}, {"start": "00:56:04", "end": "00:56:10", "text": "the community. I think he's okay."}, {"start": "00:56:08", "end": "00:56:12", "text": "How is Andreas Antonopoulos now by the"}, {"start": "00:56:10", "end": "00:56:14", "text": "way? Where's he? He got some sickness or"}, {"start": "00:56:12", "end": "00:56:17", "text": "what happened? and"}, {"start": "00:56:14", "end": "00:56:17", "text": "anto"}, {"start": "00:56:19", "end": "00:56:23", "text": "no"}, {"start": "00:56:21", "end": "00:56:28", "text": "po why"}, {"start": "00:56:23", "end": "00:56:28", "text": "uh Twitter has no autocomplete"}, {"start": "00:56:30", "end": "00:56:35", "text": "anthonopoulos."}, {"start": "00:56:33", "end": "00:56:38", "text": "Hi, I found him. Let's see. Andreas"}, {"start": "00:56:35", "end": "00:56:38", "text": "Antonopoulos,"}, {"start": "00:56:40", "end": "00:56:45", "text": "is he still active? It was long time"}, {"start": "00:56:42", "end": "00:56:48", "text": "ago. I saw him."}, {"start": "00:56:45", "end": "00:56:48", "text": "Ah, Antonopia."}, {"start": "00:56:49", "end": "00:56:55", "text": "Yeah, he's not super active. Hope he's"}, {"start": "00:56:51", "end": "00:56:59", "text": "okay. Uh, but yeah. Is he rich? I mean,"}, {"start": "00:56:55", "end": "00:57:01", "text": "I think he's okay. I think he's okay."}, {"start": "00:56:59", "end": "00:57:03", "text": "I remember he was uh in some conflict"}, {"start": "00:57:01", "end": "00:57:06", "text": "with Roger Ver and then the community"}, {"start": "00:57:03", "end": "00:57:08", "text": "gave him like three million or something"}, {"start": "00:57:06", "end": "00:57:12", "text": "because Roger Ver said that Andreas is"}, {"start": "00:57:08", "end": "00:57:17", "text": "poor uh despite being in Bitcoin for"}, {"start": "00:57:12", "end": "00:57:19", "text": "forever and then uh Andrea said yeah but"}, {"start": "00:57:17", "end": "00:57:20", "text": "I had to spend money on family ex and"}, {"start": "00:57:19", "end": "00:57:24", "text": "then the community gave him three"}, {"start": "00:57:20", "end": "00:57:24", "text": "million bucks. So yeah,"}, {"start": "00:57:33", "end": "00:57:38", "text": "what's up with chats with with chat?"}, {"start": "00:57:44", "end": "00:57:49", "text": "Do you think cookie will go hard this"}, {"start": "00:57:46", "end": "00:57:50", "text": "cycle? Let's check the chart. I mean,"}, {"start": "00:57:49", "end": "00:57:53", "text": "there's no way to know about the coin"}, {"start": "00:57:50", "end": "00:57:54", "text": "before the coin shows itself. Now, it"}, {"start": "00:57:53", "end": "00:57:56", "text": "doesn't look too good, but their product"}, {"start": "00:57:54", "end": "00:57:59", "text": "is good. The team is here. The team is"}, {"start": "00:57:56", "end": "00:58:02", "text": "still building. So, if it goes bull, I"}, {"start": "00:57:59", "end": "00:58:04", "text": "will be bull if it goes bull. Now, it's"}, {"start": "00:58:02", "end": "00:58:06", "text": "very bad. Price-wise, it's very bad."}, {"start": "00:58:04", "end": "00:58:08", "text": "Stay away. Don't touch right now. Right"}, {"start": "00:58:06", "end": "00:58:10", "text": "now. But if it goes bull, fantastic."}, {"start": "00:58:08", "end": "00:58:12", "text": "Fantastic."}, {"start": "00:58:10", "end": "00:58:14", "text": "Uh, but I mean, cookie is no exception."}, {"start": "00:58:12", "end": "00:58:16", "text": "It's like any other coin, guys. I don't"}, {"start": "00:58:14", "end": "00:58:17", "text": "know which coins are going to come back."}, {"start": "00:58:16", "end": "00:58:19", "text": "It's impossible to know because it kind"}, {"start": "00:58:17", "end": "00:58:20", "text": "of depends on the team. It depends on"}, {"start": "00:58:19", "end": "00:58:23", "text": "their market maker. It depends on if"}, {"start": "00:58:20", "end": "00:58:24", "text": "they want to bring it back, if they want"}, {"start": "00:58:23", "end": "00:58:25", "text": "to be part of the next cycle. I mean,"}, {"start": "00:58:24", "end": "00:58:28", "text": "some teams, they don't want to be part"}, {"start": "00:58:25", "end": "00:58:30", "text": "of the next cycle. They had a cycle."}, {"start": "00:58:28", "end": "00:58:32", "text": "They did coin. They're happy. Now, they"}, {"start": "00:58:30", "end": "00:58:34", "text": "can continue with business without coin."}, {"start": "00:58:32", "end": "00:58:36", "text": "So,"}, {"start": "00:58:34", "end": "00:58:38", "text": "yeah,"}, {"start": "00:58:36", "end": "00:58:42", "text": "I don't know, guys. I don't know. I"}, {"start": "00:58:38", "end": "00:58:44", "text": "don't know. But, uh, if if they go bull,"}, {"start": "00:58:42", "end": "00:58:46", "text": "fantastic. Fantastic. They have good"}, {"start": "00:58:44", "end": "00:58:49", "text": "product. They have all kinds of stuff."}, {"start": "00:58:46", "end": "00:58:51", "text": "They have all kinds of stuff."}, {"start": "00:58:49", "end": "00:58:53", "text": "So guys, that's it. Thanks a lot for"}, {"start": "00:58:51", "end": "00:58:55", "text": "being here. Thanks a lot for uh"}, {"start": "00:58:53", "end": "00:58:57", "text": "contributing to the chat with great"}, {"start": "00:58:55", "end": "00:59:01", "text": "questions, great debates, great"}, {"start": "00:58:57", "end": "00:59:03", "text": "everything. Um big shout out to Guzman"}, {"start": "00:59:01", "end": "00:59:05", "text": "Iro. Someone asked about IRO, not yet"}, {"start": "00:59:03", "end": "00:59:08", "text": "bull trend, but super close. So keep an"}, {"start": "00:59:05", "end": "00:59:10", "text": "eye on the weekly super close. Uh and"}, {"start": "00:59:08", "end": "00:59:15", "text": "we're going to be back tomorrow. Enjoy"}, {"start": "00:59:10", "end": "00:59:16", "text": "your Tuesday and uh bulmania.com for the"}, {"start": "00:59:15", "end": "00:59:18", "text": "wait list for Bulmania."}, {"start": "00:59:16", "end": "00:59:21", "text": "Boommy.com/partners for exchange deals."}, {"start": "00:59:18", "end": "00:59:23", "text": "Links below. Have a good day and goodbye"}, {"start": "00:59:21", "end": "00:59:23", "text": "guys. Goodbye. about"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Oh yes, oh yes, yes, yes. Guys, welcome"}, {"start": "00:00:02", "end": "00:00:05", "text": "to another episode. And as you can see"}, {"start": "00:00:04", "end": "00:00:07", "text": "right now, Bitcoin is doing something"}, {"start": "00:00:05", "end": "00:00:10", "text": "very interesting. We do have a very,"}, {"start": "00:00:07", "end": "00:00:12", "text": "very nice pump back towards the 200E"}, {"start": "00:00:10", "end": "00:00:15", "text": "moving average. We are now actually"}, {"start": "00:00:12", "end": "00:00:18", "text": "above the 200E moving average and we"}, {"start": "00:00:15", "end": "00:00:20", "text": "still risk this being just a retest"}, {"start": "00:00:18", "end": "00:00:22", "text": "because we broke down from here. We went"}, {"start": "00:00:20", "end": "00:00:24", "text": "down. Now we are retesting. And there's"}, {"start": "00:00:22", "end": "00:00:27", "text": "a big big risk for Bitcoin that this is"}, {"start": "00:00:24", "end": "00:00:29", "text": "going to be a rejection down towards the"}, {"start": "00:00:27", "end": "00:00:31", "text": "50s, down towards the 40s. very very"}, {"start": "00:00:29", "end": "00:00:34", "text": "very nice levels down here. But guys, at"}, {"start": "00:00:31", "end": "00:00:37", "text": "the end of the day, we are so deep into"}, {"start": "00:00:34", "end": "00:00:39", "text": "the bear. We are so deep into the bare"}, {"start": "00:00:37", "end": "00:00:41", "text": "hole, so to speak. We're swimming in it."}, {"start": "00:00:39", "end": "00:00:43", "text": "So listen, could this be the bottom for"}, {"start": "00:00:41", "end": "00:00:45", "text": "Bitcoin? It's not impossible. That's why"}, {"start": "00:00:43", "end": "00:00:47", "text": "we have this buy zone, this green,"}, {"start": "00:00:45", "end": "00:00:50", "text": "beautiful, beautiful buy zone right here"}, {"start": "00:00:47", "end": "00:00:52", "text": "where if UDCA here is fantastic. We're"}, {"start": "00:00:50", "end": "00:00:54", "text": "within the buy zone, but still elevated"}, {"start": "00:00:52", "end": "00:00:56", "text": "risk that we go down further into 50s"}, {"start": "00:00:54", "end": "00:00:58", "text": "into 40s and that's happy days. That's"}, {"start": "00:00:56", "end": "00:01:01", "text": "more discount. That's exactly exactly"}, {"start": "00:00:58", "end": "00:01:04", "text": "what we love. But something is happening"}, {"start": "00:01:01", "end": "00:01:08", "text": "on the horizon guys. We do see the job"}, {"start": "00:01:04", "end": "00:01:11", "text": "market getting very very weak. This is"}, {"start": "00:01:08", "end": "00:01:15", "text": "the first weak job market in a very long"}, {"start": "00:01:11", "end": "00:01:17", "text": "time such that the Fed actually went out"}, {"start": "00:01:15", "end": "00:01:20", "text": "and said that inflationary"}, {"start": "00:01:17", "end": "00:01:23", "text": "uh problems, inflation risks have"}, {"start": "00:01:20", "end": "00:01:25", "text": "diminished and we may actually see"}, {"start": "00:01:23", "end": "00:01:28", "text": "deflation. I mean if this continues we"}, {"start": "00:01:25", "end": "00:01:30", "text": "may actually see deflation also with AI"}, {"start": "00:01:28", "end": "00:01:33", "text": "and so on so forth the growth of AI how"}, {"start": "00:01:30", "end": "00:01:35", "text": "AI affects the works the workforce it's"}, {"start": "00:01:33", "end": "00:01:37", "text": "very very interesting to see how the Fed"}, {"start": "00:01:35", "end": "00:01:40", "text": "is changing in real time so what has"}, {"start": "00:01:37", "end": "00:01:44", "text": "happened was that we did see the new uh"}, {"start": "00:01:40", "end": "00:01:46", "text": "job numbers uh they came out worse than"}, {"start": "00:01:44", "end": "00:01:48", "text": "expected so the job market is not doing"}, {"start": "00:01:46", "end": "00:01:50", "text": "that well but we live in an economy"}, {"start": "00:01:48", "end": "00:01:52", "text": "where bad news is good news because when"}, {"start": "00:01:50", "end": "00:01:55", "text": "job market is failing it means that the"}, {"start": "00:01:52", "end": "00:01:56", "text": "Fed has to come in and they have to"}, {"start": "00:01:55", "end": "00:01:59", "text": "print they have to ease they have to"}, {"start": "00:01:56", "end": "00:02:01", "text": "support the market and that's bullish so"}, {"start": "00:01:59", "end": "00:02:02", "text": "bad news is bullish you need to"}, {"start": "00:02:01", "end": "00:02:04", "text": "understand that is the first thing many"}, {"start": "00:02:02", "end": "00:02:06", "text": "people don't understand how can bad news"}, {"start": "00:02:04", "end": "00:02:08", "text": "be bullish for storms for is because the"}, {"start": "00:02:06", "end": "00:02:11", "text": "Fed is going to step in okay and so"}, {"start": "00:02:08", "end": "00:02:13", "text": "Kevin Worsh he came in and he said we"}, {"start": "00:02:11", "end": "00:02:16", "text": "need to be uh careful we cannot just cut"}, {"start": "00:02:13", "end": "00:02:18", "text": "we need to be serious etc etc that was a"}, {"start": "00:02:16", "end": "00:02:20", "text": "few months ago now that he has"}, {"start": "00:02:18", "end": "00:02:22", "text": "established that credibility that he's"}, {"start": "00:02:20", "end": "00:02:25", "text": "not just gonna go nuts cutting he's"}, {"start": "00:02:22", "end": "00:02:27", "text": "actually responsible He now has this"}, {"start": "00:02:25", "end": "00:02:28", "text": "trust capital so to speak. The markets"}, {"start": "00:02:27", "end": "00:02:31", "text": "trust him. He has this credibility"}, {"start": "00:02:28", "end": "00:02:34", "text": "capital that he now can spend uh"}, {"start": "00:02:31", "end": "00:02:36", "text": "cutting. Okay. Very very simple. Very"}, {"start": "00:02:34", "end": "00:02:39", "text": "very simple. So inflationary risk are"}, {"start": "00:02:36", "end": "00:02:41", "text": "coming down. Payrolls weakest in four"}, {"start": "00:02:39", "end": "00:02:44", "text": "months. Very very important. Also you"}, {"start": "00:02:41", "end": "00:02:46", "text": "have to realize that 720,000"}, {"start": "00:02:44", "end": "00:02:48", "text": "people withdrew from the work uh"}, {"start": "00:02:46", "end": "00:02:50", "text": "workforce. They didn't even try to find"}, {"start": "00:02:48", "end": "00:02:52", "text": "the job anymore. They said hey there's"}, {"start": "00:02:50", "end": "00:02:54", "text": "no job. There's no job. I I will sit at"}, {"start": "00:02:52", "end": "00:02:56", "text": "home and eat Cheetos and I'm going to"}, {"start": "00:02:54", "end": "00:02:58", "text": "watch TV. Okay, that that's the"}, {"start": "00:02:56", "end": "00:03:00", "text": "situation we're in right now. And so all"}, {"start": "00:02:58", "end": "00:03:02", "text": "in all, you have the deflationary"}, {"start": "00:03:00", "end": "00:03:05", "text": "pressure mounting quite nicely of the"}, {"start": "00:03:02", "end": "00:03:07", "text": "Iran conflict ending, ceasefire holding"}, {"start": "00:03:05", "end": "00:03:10", "text": "for now at least. Oil prices coming"}, {"start": "00:03:07", "end": "00:03:13", "text": "down. Also more oil supply will be"}, {"start": "00:03:10", "end": "00:03:16", "text": "released uh onto the market in August."}, {"start": "00:03:13", "end": "00:03:19", "text": "Okay, from OPEC very important oil price"}, {"start": "00:03:16", "end": "00:03:21", "text": "is below 72 is holding up quite nicely."}, {"start": "00:03:19", "end": "00:03:23", "text": "this dump in oil. You remember when the"}, {"start": "00:03:21", "end": "00:03:25", "text": "conflict was happening and there were"}, {"start": "00:03:23", "end": "00:03:27", "text": "all of these ceasefires there there was"}, {"start": "00:03:25", "end": "00:03:29", "text": "a ceasefire per day but the oil was not"}, {"start": "00:03:27", "end": "00:03:31", "text": "coming down. We said don't trust this"}, {"start": "00:03:29", "end": "00:03:34", "text": "headlines that the conflict is ending."}, {"start": "00:03:31", "end": "00:03:36", "text": "Conflict is not ending. It's not ending."}, {"start": "00:03:34", "end": "00:03:38", "text": "If oil doesn't come down it means that"}, {"start": "00:03:36", "end": "00:03:41", "text": "the markets are not buying the"}, {"start": "00:03:38", "end": "00:03:44", "text": "ceasefire. Now oil has come down. So the"}, {"start": "00:03:41", "end": "00:03:46", "text": "markets are buying the ceasefire. They"}, {"start": "00:03:44", "end": "00:03:49", "text": "are saying that likely this ceasefire is"}, {"start": "00:03:46", "end": "00:03:51", "text": "going to hold. So energy shocks are the"}, {"start": "00:03:49", "end": "00:03:54", "text": "most mechanical form of inflation there"}, {"start": "00:03:51", "end": "00:03:56", "text": "is. When shock reverses like we see now"}, {"start": "00:03:54", "end": "00:03:58", "text": "the inflation reverses with it on a lag."}, {"start": "00:03:56", "end": "00:04:00", "text": "So just keep it in mind. We now have"}, {"start": "00:03:58", "end": "00:04:04", "text": "deflation deflation oil price low"}, {"start": "00:04:00", "end": "00:04:07", "text": "deflation core PCE pass through follows"}, {"start": "00:04:04", "end": "00:04:09", "text": "with a two three month lag. So when you"}, {"start": "00:04:07", "end": "00:04:12", "text": "look at the inflation we'll we'll likely"}, {"start": "00:04:09", "end": "00:04:14", "text": "see within the coming months a big fat"}, {"start": "00:04:12", "end": "00:04:16", "text": "inflation drop. Okay? Because this is"}, {"start": "00:04:14", "end": "00:04:19", "text": "the lag we speak about. When things"}, {"start": "00:04:16", "end": "00:04:21", "text": "change when it comes to oil, we will"}, {"start": "00:04:19", "end": "00:04:23", "text": "have a few months where no change is"}, {"start": "00:04:21", "end": "00:04:24", "text": "seen in the inflation and bam, months"}, {"start": "00:04:23", "end": "00:04:26", "text": "three, months four, months five,"}, {"start": "00:04:24", "end": "00:04:29", "text": "inflation is going to drop a lot. And"}, {"start": "00:04:26", "end": "00:04:32", "text": "guess what? This corresponds with our Q4"}, {"start": "00:04:29", "end": "00:04:33", "text": "thesis for Bitcoin bottom for next"}, {"start": "00:04:32", "end": "00:04:36", "text": "cycle. I mean, it all plays out so"}, {"start": "00:04:33", "end": "00:04:38", "text": "nicely. Okay, it all plays out so"}, {"start": "00:04:36", "end": "00:04:41", "text": "nicely. If you don't over complicate it,"}, {"start": "00:04:38", "end": "00:04:43", "text": "it also plays out so nicely. And so now"}, {"start": "00:04:41", "end": "00:04:45", "text": "we're in position where Bitcoin is down"}, {"start": "00:04:43", "end": "00:04:46", "text": "a lot from alltime high 50 plus%. We can"}, {"start": "00:04:45", "end": "00:04:48", "text": "buy here cheaply. And you see the"}, {"start": "00:04:46", "end": "00:04:51", "text": "picture, the new picture, the new dawn"}, {"start": "00:04:48", "end": "00:04:53", "text": "is being painted in front of our eyes. I"}, {"start": "00:04:51", "end": "00:04:55", "text": "mean literally Bob Ross is painting the"}, {"start": "00:04:53", "end": "00:04:58", "text": "new dawn for Bitcoin that is going to"}, {"start": "00:04:55", "end": "00:05:00", "text": "happen within the coming months. Fed is"}, {"start": "00:04:58", "end": "00:05:04", "text": "on board. Fed will have to cut bigly"}, {"start": "00:05:00", "end": "00:05:07", "text": "bigly bigly. And here is the here is the"}, {"start": "00:05:04", "end": "00:05:09", "text": "anatomy of a pivot. So first we had"}, {"start": "00:05:07", "end": "00:05:11", "text": "hawkishness. When Kevin Worsh came in,"}, {"start": "00:05:09", "end": "00:05:13", "text": "he was hawkish. He needed to establish"}, {"start": "00:05:11", "end": "00:05:15", "text": "himself as a serious person who is not"}, {"start": "00:05:13", "end": "00:05:18", "text": "just going to cut because Trump wants to"}, {"start": "00:05:15", "end": "00:05:21", "text": "cut. So that's done. Next, you have a"}, {"start": "00:05:18", "end": "00:05:23", "text": "very very bad uh peril. Very very bad"}, {"start": "00:05:21", "end": "00:05:26", "text": "peril. Uh so that that that's done."}, {"start": "00:05:23", "end": "00:05:28", "text": "Next, you have rhetorical soften. You"}, {"start": "00:05:26", "end": "00:05:30", "text": "have to be soft, silky smooth, silky"}, {"start": "00:05:28", "end": "00:05:32", "text": "soft in your rhetoric. And this is"}, {"start": "00:05:30", "end": "00:05:34", "text": "what's happening right now that the Fed"}, {"start": "00:05:32", "end": "00:05:37", "text": "is saying, listen, inflation risks have"}, {"start": "00:05:34", "end": "00:05:39", "text": "moderated. You know, all good. No need"}, {"start": "00:05:37", "end": "00:05:41", "text": "to cut and the markets are adjusting in"}, {"start": "00:05:39", "end": "00:05:43", "text": "real time. The likelihood of a a rate"}, {"start": "00:05:41", "end": "00:05:46", "text": "hike has decreased after this dobbish"}, {"start": "00:05:43", "end": "00:05:49", "text": "statement. And so the next thing is"}, {"start": "00:05:46", "end": "00:05:51", "text": "going to be that uh uh the yeah by the"}, {"start": "00:05:49", "end": "00:05:52", "text": "way this larely happened. So hike odds"}, {"start": "00:05:51", "end": "00:05:54", "text": "fade without any announcement. If you"}, {"start": "00:05:52", "end": "00:05:57", "text": "look at the prediction markets the odds"}, {"start": "00:05:54", "end": "00:06:00", "text": "of a rate hike they are going down. Uh"}, {"start": "00:05:57", "end": "00:06:02", "text": "next is the cat is the cat. Next is"}, {"start": "00:06:00", "end": "00:06:04", "text": "reframing and cut. He's going to say"}, {"start": "00:06:02", "end": "00:06:06", "text": "policy is sufficiently restrictive and"}, {"start": "00:06:04", "end": "00:06:08", "text": "then in a few months b big fat scissors"}, {"start": "00:06:06", "end": "00:06:12", "text": "are going to come out and they're going"}, {"start": "00:06:08", "end": "00:06:14", "text": "to cut cut cut very very nicely. Does"}, {"start": "00:06:12", "end": "00:06:16", "text": "this mean that we may not see 40 or 50s?"}, {"start": "00:06:14", "end": "00:06:18", "text": "I don't think that this affects our"}, {"start": "00:06:16", "end": "00:06:20", "text": "downside guys. What uh what's happening"}, {"start": "00:06:18", "end": "00:06:22", "text": "here with the Fed? It doesn't affect the"}, {"start": "00:06:20", "end": "00:06:24", "text": "downside here in the short term to 40s"}, {"start": "00:06:22", "end": "00:06:28", "text": "and 50s because this is more of a"}, {"start": "00:06:24", "end": "00:06:30", "text": "multimonth road map towards Q4. Always"}, {"start": "00:06:28", "end": "00:06:32", "text": "always when people look at macro they"}, {"start": "00:06:30", "end": "00:06:34", "text": "become so impatient. I mean you know"}, {"start": "00:06:32", "end": "00:06:37", "text": "people were saying that Fed is going to"}, {"start": "00:06:34", "end": "00:06:38", "text": "pump us all the way back in um October"}, {"start": "00:06:37", "end": "00:06:41", "text": "when we said to be risk off sell Bitcoin"}, {"start": "00:06:38", "end": "00:06:43", "text": "sell altcoins be very very careful in Q4"}, {"start": "00:06:41", "end": "00:06:45", "text": "in October. Many people said oh no no no"}, {"start": "00:06:43", "end": "00:06:47", "text": "but the Fed the Fed hasn't even started"}, {"start": "00:06:45", "end": "00:06:48", "text": "to cut the Fed and listen they're"}, {"start": "00:06:47", "end": "00:06:50", "text": "correct. It just took a year another"}, {"start": "00:06:48", "end": "00:06:53", "text": "year and your [�__�] coins are down 99%."}, {"start": "00:06:50", "end": "00:06:55", "text": "Bitcoin is down more than 50%. All of"}, {"start": "00:06:53", "end": "00:06:56", "text": "the macro guys, they going to say that"}, {"start": "00:06:55", "end": "00:06:58", "text": "they were right because they said in"}, {"start": "00:06:56", "end": "00:07:00", "text": "October that Fed is going to cut and"}, {"start": "00:06:58", "end": "00:07:02", "text": "then in next October they cut. So"}, {"start": "00:07:00", "end": "00:07:03", "text": "they're always going to claim credit."}, {"start": "00:07:02", "end": "00:07:05", "text": "That's why following macro guys is very"}, {"start": "00:07:03", "end": "00:07:07", "text": "dangerous. It's very very dangerous."}, {"start": "00:07:05", "end": "00:07:09", "text": "Following pure macro guys is the worst"}, {"start": "00:07:07", "end": "00:07:11", "text": "thing you can do. You need to follow the"}, {"start": "00:07:09", "end": "00:07:12", "text": "price trend for trading. But the"}, {"start": "00:07:11", "end": "00:07:15", "text": "interesting thing is that you need"}, {"start": "00:07:12", "end": "00:07:18", "text": "patience. With macro stuff, you need"}, {"start": "00:07:15", "end": "00:07:20", "text": "patience. Patience. So all of this"}, {"start": "00:07:18", "end": "00:07:21", "text": "thesis with Fed pivot, it is fully"}, {"start": "00:07:20", "end": "00:07:22", "text": "correct. But you're going to see it's"}, {"start": "00:07:21", "end": "00:07:24", "text": "not going to be tomorrow. It's not going"}, {"start": "00:07:22", "end": "00:07:27", "text": "to be next week. Likely it is towards"}, {"start": "00:07:24", "end": "00:07:29", "text": "Q4. So this is just a reinforcement."}, {"start": "00:07:27", "end": "00:07:32", "text": "It's just a reinforcement that uh we're"}, {"start": "00:07:29", "end": "00:07:33", "text": "here on a path within the buy zone. And"}, {"start": "00:07:32", "end": "00:07:35", "text": "it's very very nice path and we love the"}, {"start": "00:07:33", "end": "00:07:38", "text": "buy zone basically. Okay. It's fully"}, {"start": "00:07:35", "end": "00:07:40", "text": "fully correct. And in Q4 expect us to"}, {"start": "00:07:38", "end": "00:07:43", "text": "reset the cycle and then have a very"}, {"start": "00:07:40", "end": "00:07:48", "text": "very nice um 2027 going to be very very"}, {"start": "00:07:43", "end": "00:07:50", "text": "nice for Bitcoin. 2028 very nice uh 2029"}, {"start": "00:07:48", "end": "00:07:52", "text": "potentially nice but be careful in 2029"}, {"start": "00:07:50", "end": "00:07:54", "text": "that that's one message to future self"}, {"start": "00:07:52", "end": "00:07:56", "text": "in 2029"}, {"start": "00:07:54", "end": "00:07:58", "text": "be careful be careful no matter what the"}, {"start": "00:07:56", "end": "00:08:00", "text": "micro guys are saying the micro guys are"}, {"start": "00:07:58", "end": "00:08:02", "text": "going to say oh legs and cycle by be"}, {"start": "00:08:00", "end": "00:08:04", "text": "careful okay be careful be careful and"}, {"start": "00:08:02", "end": "00:08:08", "text": "the funny thing is guys do you remember"}, {"start": "00:08:04", "end": "00:08:11", "text": "in 2022 we said we're going to sell at"}, {"start": "00:08:08", "end": "00:08:13", "text": "the end of 2025 towards the summer"}, {"start": "00:08:11", "end": "00:08:15", "text": "towards the autumn we said that's the"}, {"start": "00:08:13", "end": "00:08:18", "text": "danger zone already in 2022. All of the"}, {"start": "00:08:15", "end": "00:08:22", "text": "OGs in the chat, they they remember it."}, {"start": "00:08:18", "end": "00:08:25", "text": "We said the danger zone in in at the end"}, {"start": "00:08:22", "end": "00:08:28", "text": "of Q3, Q4 2025."}, {"start": "00:08:25", "end": "00:08:29", "text": "And it was simple, but just follow it."}, {"start": "00:08:28", "end": "00:08:30", "text": "Just follow it. And then the trends"}, {"start": "00:08:29", "end": "00:08:32", "text": "turned at that time. It was a"}, {"start": "00:08:30", "end": "00:08:34", "text": "confirmation. So if you don't over"}, {"start": "00:08:32", "end": "00:08:36", "text": "complicate your life, you're going to"}, {"start": "00:08:34", "end": "00:08:38", "text": "have a very happy life in all regards of"}, {"start": "00:08:36", "end": "00:08:40", "text": "life. Not only Marcus, by the way. Maybe"}, {"start": "00:08:38", "end": "00:08:42", "text": "they over complicated so much. But in"}, {"start": "00:08:40", "end": "00:08:46", "text": "2022, we said end of 2025, we need to be"}, {"start": "00:08:42", "end": "00:08:49", "text": "careful. Now, we're saying in 2029, no"}, {"start": "00:08:46", "end": "00:08:51", "text": "matter what your macro favorite macro"}, {"start": "00:08:49", "end": "00:08:53", "text": "influencer is saying, uh, you need to be"}, {"start": "00:08:51", "end": "00:08:55", "text": "careful. You need to be careful. So,"}, {"start": "00:08:53", "end": "00:08:57", "text": "this with the Fed Fed pivot. Uh, let's"}, {"start": "00:08:55", "end": "00:09:00", "text": "see how this will play out. Someone who"}, {"start": "00:08:57", "end": "00:09:02", "text": "is always bullish instantly is Kathy"}, {"start": "00:09:00", "end": "00:09:04", "text": "Wood. She now has a new chart. She"}, {"start": "00:09:02", "end": "00:09:06", "text": "pulled out of somewhere. I don't know"}, {"start": "00:09:04", "end": "00:09:08", "text": "where, but she's always having bullish"}, {"start": "00:09:06", "end": "00:09:10", "text": "charts. Even before we go down, right"}, {"start": "00:09:08", "end": "00:09:12", "text": "before we go down 90%, she always has a"}, {"start": "00:09:10", "end": "00:09:14", "text": "bullish chart. But in this case, she's"}, {"start": "00:09:12", "end": "00:09:16", "text": "correct because we're going to go up"}, {"start": "00:09:14", "end": "00:09:17", "text": "starting in Q4. So, let's check where"}, {"start": "00:09:16", "end": "00:09:18", "text": "she pulled up the chart and what it"}, {"start": "00:09:17", "end": "00:09:21", "text": "says."}, {"start": "00:09:18", "end": "00:09:25", "text": ">> Here's uh Bitcoin to gold. Gold is going"}, {"start": "00:09:21", "end": "00:09:27", "text": "down. Bitcoin had been going down. It"}, {"start": "00:09:25", "end": "00:09:31", "text": "seems to be in a bottoming process. Uh"}, {"start": "00:09:27", "end": "00:09:37", "text": "we believe that it has bottomed on this"}, {"start": "00:09:31", "end": "00:09:40", "text": "basis and uh and will uh resume the uh"}, {"start": "00:09:37", "end": "00:09:42", "text": "the the very volatile but uh broad"}, {"start": "00:09:40", "end": "00:09:45", "text": "uptrend that you see on this chart."}, {"start": "00:09:42", "end": "00:09:46", "text": "Here's uh Bitcoin to gold. Gold is going"}, {"start": "00:09:45", "end": "00:09:50", "text": "down."}, {"start": "00:09:46", "end": "00:09:53", "text": ">> Bottom out. Bottom out. So Kathy, would"}, {"start": "00:09:50", "end": "00:09:54", "text": "you say that we have bottom out? I mean"}, {"start": "00:09:53", "end": "00:09:56", "text": "at least against gold. At least against"}, {"start": "00:09:54", "end": "00:09:57", "text": "gold. But guys, with Kathy Wood, you"}, {"start": "00:09:56", "end": "00:09:59", "text": "have to be careful. As you know, we"}, {"start": "00:09:57", "end": "00:10:01", "text": "don't really listen to her for for what"}, {"start": "00:09:59", "end": "00:10:02", "text": "to buy, what to sell. She's very she's"}, {"start": "00:10:01", "end": "00:10:04", "text": "not too good at that, guys. She's not"}, {"start": "00:10:02", "end": "00:10:06", "text": "too good. And her incentive is also very"}, {"start": "00:10:04", "end": "00:10:09", "text": "bad. Like, it's not the same as your"}, {"start": "00:10:06", "end": "00:10:11", "text": "incentive. If Bitcoin goes down 50%, uh,"}, {"start": "00:10:09", "end": "00:10:13", "text": "she doesn't care if shitcoins go down"}, {"start": "00:10:11", "end": "00:10:16", "text": "50%. I mean, she has the fund, her fund,"}, {"start": "00:10:13", "end": "00:10:18", "text": "by the way, is very bad. If you compare"}, {"start": "00:10:16", "end": "00:10:20", "text": "it to the performance of S&P, like they"}, {"start": "00:10:18", "end": "00:10:22", "text": "are, they say they are innovation, but"}, {"start": "00:10:20", "end": "00:10:25", "text": "uh, yeah, they haven't really been a"}, {"start": "00:10:22", "end": "00:10:27", "text": "part of the AI. uh they haven't really"}, {"start": "00:10:25", "end": "00:10:30", "text": "been part of too much. So yeah, be super"}, {"start": "00:10:27", "end": "00:10:32", "text": "careful with Cathy Wood. But in this"}, {"start": "00:10:30", "end": "00:10:34", "text": "case, now that we're also turning a bit"}, {"start": "00:10:32", "end": "00:10:36", "text": "uh bullish here and we are in the buy"}, {"start": "00:10:34", "end": "00:10:38", "text": "zone, why not? Why not? I mean, even R"}, {"start": "00:10:36", "end": "00:10:40", "text": "Paul, man. I mean, even R Paul, we're"}, {"start": "00:10:38", "end": "00:10:42", "text": "going to be this close with R Paul, the"}, {"start": "00:10:40", "end": "00:10:44", "text": "the my favorite macro guy. We're going"}, {"start": "00:10:42", "end": "00:10:47", "text": "to be this close because now I'm I'm"}, {"start": "00:10:44", "end": "00:10:50", "text": "bullish in in the buy zone. And he has"}, {"start": "00:10:47", "end": "00:10:53", "text": "uh macro charts that are yet again"}, {"start": "00:10:50", "end": "00:10:55", "text": "saying that we're going to go up"}, {"start": "00:10:53", "end": "00:10:57", "text": "which he always has had. Uh I love it"}, {"start": "00:10:55", "end": "00:11:00", "text": "man. I love it. I love it. I love it. He"}, {"start": "00:10:57", "end": "00:11:02", "text": "now has another one. Uh here is"}, {"start": "00:11:00", "end": "00:11:03", "text": "correlated global liquidity. Global"}, {"start": "00:11:02", "end": "00:11:05", "text": "liquidity. What happened to it man? What"}, {"start": "00:11:03", "end": "00:11:08", "text": "happened in Q4? There was so much"}, {"start": "00:11:05", "end": "00:11:10", "text": "liquidity. I was draw drowning in global"}, {"start": "00:11:08", "end": "00:11:14", "text": "liquidity in Q4. But we still went down"}, {"start": "00:11:10", "end": "00:11:16", "text": "90% for alt Bitcoin 50 50 plus% we went"}, {"start": "00:11:14", "end": "00:11:19", "text": "down with max max globally. Anyway, he"}, {"start": "00:11:16", "end": "00:11:22", "text": "has another thesis here that we're going"}, {"start": "00:11:19", "end": "00:11:24", "text": "to go up basically. Uh this is one way"}, {"start": "00:11:22", "end": "00:11:27", "text": "to look to look at it. Find me a"}, {"start": "00:11:24", "end": "00:11:29", "text": "historical correlation. Here are two"}, {"start": "00:11:27", "end": "00:11:32", "text": "overlapping lines."}, {"start": "00:11:29", "end": "00:11:35", "text": "Nice. Nice. I mean guys, now Rol and I"}, {"start": "00:11:32", "end": "00:11:37", "text": "we're so close. We are the best. Uh"}, {"start": "00:11:35", "end": "00:11:40", "text": "we're the best now. We're the best."}, {"start": "00:11:37", "end": "00:11:41", "text": "She's bullish. I'm bullish. That's the"}, {"start": "00:11:40", "end": "00:11:42", "text": "problem, guys, with the macro. With the"}, {"start": "00:11:41", "end": "00:11:45", "text": "macro, guys, you have to be careful. You"}, {"start": "00:11:42", "end": "00:11:47", "text": "have to be so so careful. Michael Sailor"}, {"start": "00:11:45", "end": "00:11:50", "text": "wrote a big fat article about Bitcoin."}, {"start": "00:11:47", "end": "00:11:52", "text": "You can read it more here. Uh yeah, I"}, {"start": "00:11:50", "end": "00:11:55", "text": "don't know. Like it's uh you can read"}, {"start": "00:11:52", "end": "00:11:56", "text": "kind of half AI kind of half not AI, but"}, {"start": "00:11:55", "end": "00:11:59", "text": "uh it's a big thing. Let me go down to"}, {"start": "00:11:56", "end": "00:12:00", "text": "the risks here. The because the bullish"}, {"start": "00:11:59", "end": "00:12:01", "text": "everyone understands that he's bullish."}, {"start": "00:12:00", "end": "00:12:03", "text": "I'm also bullish like everyone is"}, {"start": "00:12:01", "end": "00:12:05", "text": "bullish now. So let's discuss the risk."}, {"start": "00:12:03", "end": "00:12:06", "text": "The biggest risk is not that it"}, {"start": "00:12:05", "end": "00:12:09", "text": "disappears guys. Biggest risk is"}, {"start": "00:12:06", "end": "00:12:10", "text": "quantum. But he's not saying that. So"}, {"start": "00:12:09", "end": "00:12:12", "text": "it's very bad. He needs to be saying"}, {"start": "00:12:10", "end": "00:12:14", "text": "quantum is the biggest risk. The biggest"}, {"start": "00:12:12", "end": "00:12:16", "text": "risk is that bad ideas compromises that"}, {"start": "00:12:14", "end": "00:12:19", "text": "custodians obscure it leverage distort"}, {"start": "00:12:16", "end": "00:12:21", "text": "it or that political actors attempt to"}, {"start": "00:12:19", "end": "00:12:23", "text": "control and quantum is even bigger risk."}, {"start": "00:12:21", "end": "00:12:25", "text": "The first risk is protocol corruption."}, {"start": "00:12:23", "end": "00:12:26", "text": "Bitcoin's monetary integrity depends on"}, {"start": "00:12:25", "end": "00:12:28", "text": "hard consensus. Changes to the base"}, {"start": "00:12:26", "end": "00:12:31", "text": "layer should be rare. Okay. Okay. But"}, {"start": "00:12:28", "end": "00:12:34", "text": "listen, it's uh yeah. Uh is he pro the"}, {"start": "00:12:31", "end": "00:12:37", "text": "data increase or not? Is he pro BIP 110"}, {"start": "00:12:34", "end": "00:12:40", "text": "where 110 or not? Second risk is paper"}, {"start": "00:12:37", "end": "00:12:45", "text": "bitcoin. Well, he is the Michael."}, {"start": "00:12:40", "end": "00:12:48", "text": "Michael is the paper bitcoin. Stretch"}, {"start": "00:12:45", "end": "00:12:50", "text": "stretch msr. What do you mean? What do"}, {"start": "00:12:48", "end": "00:12:53", "text": "you mean paper bitcoin? It's like this"}, {"start": "00:12:50", "end": "00:12:56", "text": "interview we watched on on last Friday"}, {"start": "00:12:53", "end": "00:12:58", "text": "where he's speaking to channel 4 and"}, {"start": "00:12:56", "end": "00:13:01", "text": "he's saying, \"Yeah, Bitcoin is the new"}, {"start": "00:12:58", "end": "00:13:02", "text": "uh new money for new generation. New"}, {"start": "00:13:01", "end": "00:13:04", "text": "generation. They don't trust the banks."}, {"start": "00:13:02", "end": "00:13:06", "text": "They don't trust any company.\" And the"}, {"start": "00:13:04", "end": "00:13:08", "text": "interviewer, smart lady says, \"But"}, {"start": "00:13:06", "end": "00:13:09", "text": "you're a company.\" What do you mean"}, {"start": "00:13:08", "end": "00:13:11", "text": "don't trust companies? What mean Bitcoin"}, {"start": "00:13:09", "end": "00:13:13", "text": "is for new generation that don't trust?"}, {"start": "00:13:11", "end": "00:13:15", "text": "You're a company. The same thing is"}, {"start": "00:13:13", "end": "00:13:18", "text": "here. The risk is paper man. You are"}, {"start": "00:13:15", "end": "00:13:21", "text": "paper Bitcoin as a stretch is paperized"}, {"start": "00:13:18", "end": "00:13:25", "text": "Bitcoin. You do all kinds of debt and"}, {"start": "00:13:21", "end": "00:13:25", "text": "instruments in in paper Bitcoin."}, {"start": "00:13:26", "end": "00:13:31", "text": "If intermediaries create more claims to"}, {"start": "00:13:29", "end": "00:13:34", "text": "Bitcoin than actual Bitcoin, the market"}, {"start": "00:13:31", "end": "00:13:36", "text": "will suffer. The third risk IS CUSTODIAN"}, {"start": "00:13:34", "end": "00:13:38", "text": "SINCE YOU ARE YOU ARE BIG CUSTO YOU ARE"}, {"start": "00:13:36", "end": "00:13:40", "text": "THE BIGGEST custodian man you you HAVE"}, {"start": "00:13:38", "end": "00:13:43", "text": "THE BIGGEST BAG of Bitcoin and you put"}, {"start": "00:13:40", "end": "00:13:46", "text": "it in a custodian and so you you help"}, {"start": "00:13:43", "end": "00:13:49", "text": "with that also okay man the fourth risk"}, {"start": "00:13:46", "end": "00:13:51", "text": "is regulatory capture"}, {"start": "00:13:49", "end": "00:13:53", "text": "uh they can regulate exchanges yeah they"}, {"start": "00:13:51", "end": "00:13:55", "text": "do they do that they do that it's fifth"}, {"start": "00:13:53", "end": "00:13:57", "text": "risk is free fee market uncertainty yeah"}, {"start": "00:13:55", "end": "00:13:59", "text": "that's true that's true that's true uh"}, {"start": "00:13:57", "end": "00:14:01", "text": "who the hell knows how miners are going"}, {"start": "00:13:59", "end": "00:14:04", "text": "to get paid long term with fees not"}, {"start": "00:14:01", "end": "00:14:06", "text": "really going up uh and uh and the mining"}, {"start": "00:14:04", "end": "00:14:08", "text": "going down like the the block reward"}, {"start": "00:14:06", "end": "00:14:10", "text": "going down. So uh but what about"}, {"start": "00:14:08", "end": "00:14:12", "text": "quantum? No mention of quantum. Quantum"}, {"start": "00:14:10", "end": "00:14:14", "text": "is the biggest risk is the biggest risk"}, {"start": "00:14:12", "end": "00:14:17", "text": "to inflows. We discussed it last week a"}, {"start": "00:14:14", "end": "00:14:18", "text": "lot because uh if quantum is not solved"}, {"start": "00:14:17", "end": "00:14:20", "text": "what happens you cannot put money in"}, {"start": "00:14:18", "end": "00:14:23", "text": "bitcoin long term. I mean simple simple"}, {"start": "00:14:20", "end": "00:14:25", "text": "you can buy gold. Gold is pet rock. If"}, {"start": "00:14:23", "end": "00:14:27", "text": "you have gold you know your kids in 50"}, {"start": "00:14:25", "end": "00:14:30", "text": "years they have the same gold is gold is"}, {"start": "00:14:27", "end": "00:14:32", "text": "gold. Bitcoin in 50 years without"}, {"start": "00:14:30", "end": "00:14:34", "text": "quantum you can simply not say whether"}, {"start": "00:14:32", "end": "00:14:36", "text": "it's going to be okay or not is the is"}, {"start": "00:14:34", "end": "00:14:39", "text": "it is the the the the ugly tr truth guys"}, {"start": "00:14:36", "end": "00:14:41", "text": "like they need to fix quantum quantum"}, {"start": "00:14:39", "end": "00:14:43", "text": "quantum quantum quantum quantum quantum"}, {"start": "00:14:41", "end": "00:14:46", "text": "quantum I mean listen I'm the biggest"}, {"start": "00:14:43", "end": "00:14:49", "text": "Bitcoin bull I've been here since 2013"}, {"start": "00:14:46", "end": "00:14:52", "text": "full-time crypto since 2017 I'm telling"}, {"start": "00:14:49", "end": "00:14:54", "text": "you thinking long term without quantum I"}, {"start": "00:14:52", "end": "00:14:56", "text": "cannot put my money longterm in Bitcoin"}, {"start": "00:14:54", "end": "00:14:58", "text": "without quantum resistance I mean I'm a"}, {"start": "00:14:56", "end": "00:15:00", "text": "I'm a computer scientist I'm not one of"}, {"start": "00:14:58", "end": "00:15:01", "text": "They know what I'm speaking about. Most"}, {"start": "00:15:00", "end": "00:15:03", "text": "people who are so sure that quantum is"}, {"start": "00:15:01", "end": "00:15:04", "text": "not a problem, they're not computer"}, {"start": "00:15:03", "end": "00:15:06", "text": "scientists. They just listen to podcast."}, {"start": "00:15:04", "end": "00:15:08", "text": "They listen to some Bitcoin podcast"}, {"start": "00:15:06", "end": "00:15:10", "text": "where some dude told them I don't worry"}, {"start": "00:15:08", "end": "00:15:12", "text": "and they don't worry. And then they tell"}, {"start": "00:15:10", "end": "00:15:14", "text": "me, they try to educate me just like all"}, {"start": "00:15:12", "end": "00:15:16", "text": "of the macro guys try to educate me and"}, {"start": "00:15:14", "end": "00:15:19", "text": "Q for last year that it's not the top. I"}, {"start": "00:15:16", "end": "00:15:21", "text": "told it's the top. The same thing this"}, {"start": "00:15:19", "end": "00:15:22", "text": "like nontechnical guys tell me, oh no,"}, {"start": "00:15:21", "end": "00:15:24", "text": "Bitcoin quantum it's not it's not"}, {"start": "00:15:22", "end": "00:15:26", "text": "problem. What what do you mean? Where"}, {"start": "00:15:24", "end": "00:15:28", "text": "are your accolades? Are you computer"}, {"start": "00:15:26", "end": "00:15:30", "text": "science master's degree? What are you?"}, {"start": "00:15:28", "end": "00:15:33", "text": "What are you? What are you speaking"}, {"start": "00:15:30", "end": "00:15:35", "text": "about? You know, it's crazy, man. It's"}, {"start": "00:15:33", "end": "00:15:38", "text": "crazy. So, I think it's it's a big risk."}, {"start": "00:15:35", "end": "00:15:40", "text": "It's a bit a big risk. Being a"}, {"start": "00:15:38", "end": "00:15:42", "text": "technologist myself, uh I would not put"}, {"start": "00:15:40", "end": "00:15:43", "text": "my money long long term. Okay. For the"}, {"start": "00:15:42", "end": "00:15:46", "text": "next bull market, yes. For the coming"}, {"start": "00:15:43", "end": "00:15:49", "text": "maybe decade. Yes. But long long term,"}, {"start": "00:15:46", "end": "00:15:51", "text": "if they don't get their thumb from their"}, {"start": "00:15:49", "end": "00:15:52", "text": "from their donut, so to speak, do you"}, {"start": "00:15:51", "end": "00:15:55", "text": "say like that in English? You know, you"}, {"start": "00:15:52", "end": "00:15:56", "text": "need to get your thumb away from your"}, {"start": "00:15:55", "end": "00:15:59", "text": "donut. Do you say like that in English?"}, {"start": "00:15:56", "end": "00:16:00", "text": "I'm not sure. Anyway, they they need to"}, {"start": "00:15:59", "end": "00:16:02", "text": "move, man. They need to move as as soon"}, {"start": "00:16:00", "end": "00:16:04", "text": "as soon as possible. Guys, uh let's move"}, {"start": "00:16:02", "end": "00:16:06", "text": "on from Bitcoin to Vitalik because"}, {"start": "00:16:04", "end": "00:16:09", "text": "Vitalik, he has been making some moves"}, {"start": "00:16:06", "end": "00:16:12", "text": "this weekend."}, {"start": "00:16:09", "end": "00:16:15", "text": "While people were watching football, let"}, {"start": "00:16:12", "end": "00:16:17", "text": "me know guys if you watch football."}, {"start": "00:16:15", "end": "00:16:21", "text": "Vitalik, he was not watching football."}, {"start": "00:16:17", "end": "00:16:23", "text": "He was using his brain, his wondered"}, {"start": "00:16:21", "end": "00:16:26", "text": "alien child brain, which is great. which"}, {"start": "00:16:23", "end": "00:16:30", "text": "is great"}, {"start": "00:16:26", "end": "00:16:32", "text": "to figure out our new road map for ETH."}, {"start": "00:16:30", "end": "00:16:33", "text": "Very interesting. Very interesting. I"}, {"start": "00:16:32", "end": "00:16:36", "text": "have a lot to say about this guys as a"}, {"start": "00:16:33", "end": "00:16:39", "text": "technologist with many accolades."}, {"start": "00:16:36", "end": "00:16:40", "text": "Computer science degree verified. So"}, {"start": "00:16:39", "end": "00:16:42", "text": "what what has happened? What has"}, {"start": "00:16:40", "end": "00:16:44", "text": "happened? So two weeks ago, Ethereum"}, {"start": "00:16:42", "end": "00:16:47", "text": "researchers met in Berlin. Guys, the"}, {"start": "00:16:44", "end": "00:16:49", "text": "first thing I hate this word researcher."}, {"start": "00:16:47", "end": "00:16:52", "text": "Oh my, I hate it. I hate when when he"}, {"start": "00:16:49", "end": "00:16:54", "text": "says Ethereum researcher. What do you"}, {"start": "00:16:52", "end": "00:16:56", "text": "mean? I mean researcher is like Elon"}, {"start": "00:16:54", "end": "00:16:59", "text": "Musk said, let me see if I can pull up"}, {"start": "00:16:56", "end": "00:17:02", "text": "this quote from Elon Musk. Uh researcher"}, {"start": "00:16:59", "end": "00:17:05", "text": "researchers, he he said, man, the re you"}, {"start": "00:17:02", "end": "00:17:07", "text": "got to fire all of the researchers. Uh"}, {"start": "00:17:05", "end": "00:17:10", "text": "you have to"}, {"start": "00:17:07", "end": "00:17:12", "text": "here here here you need to if you have a"}, {"start": "00:17:10", "end": "00:17:14", "text": "guy in your company and he's doing"}, {"start": "00:17:12", "end": "00:17:16", "text": "research, fire, fire, fire fire. Like"}, {"start": "00:17:14", "end": "00:17:18", "text": "Elon Musk said, Elon Musk recently"}, {"start": "00:17:16", "end": "00:17:20", "text": "eliminated the job title researcher at"}, {"start": "00:17:18", "end": "00:17:22", "text": "his AI startup XAI. He orders that all"}, {"start": "00:17:20", "end": "00:17:24", "text": "technical staff be called engineers."}, {"start": "00:17:22", "end": "00:17:26", "text": "Stating that traditional academic"}, {"start": "00:17:24", "end": "00:17:28", "text": "distinctions are pretentious."}, {"start": "00:17:26", "end": "00:17:30", "text": "Pretentious. They think on the I'm a"}, {"start": "00:17:28", "end": "00:17:32", "text": "researcher. I'm smart. No, you're not"}, {"start": "00:17:30", "end": "00:17:33", "text": "smart. You have no responsibility. You"}, {"start": "00:17:32", "end": "00:17:36", "text": "don't build anything. You just write"}, {"start": "00:17:33", "end": "00:17:37", "text": "some crap and create unnecessary"}, {"start": "00:17:36", "end": "00:17:39", "text": "hierarchies. Musk stance on technical"}, {"start": "00:17:37", "end": "00:17:41", "text": "role stems from his approach at XI and"}, {"start": "00:17:39", "end": "00:17:42", "text": "SpaceX. He has expressed that calling"}, {"start": "00:17:41", "end": "00:17:44", "text": "someone a researcher rather than"}, {"start": "00:17:42", "end": "00:17:46", "text": "engineer implies a two-tier system."}, {"start": "00:17:44", "end": "00:17:48", "text": "Instead he believes uh that true"}, {"start": "00:17:46", "end": "00:17:50", "text": "innovation comes from practical hands-on"}, {"start": "00:17:48", "end": "00:17:52", "text": "engineering that deliver tangible"}, {"start": "00:17:50", "end": "00:17:54", "text": "results. Exactly. So that's the first"}, {"start": "00:17:52", "end": "00:17:55", "text": "feedback to Vitalik. Remove this"}, {"start": "00:17:54", "end": "00:17:56", "text": "researcher. Remove the researcher."}, {"start": "00:17:55", "end": "00:17:59", "text": "There's no high priest. They are not"}, {"start": "00:17:56", "end": "00:18:01", "text": "super smart anyway. And uh big shout"}, {"start": "00:17:59", "end": "00:18:04", "text": "out. So they met in Berlin to continue"}, {"start": "00:18:01", "end": "00:18:07", "text": "charting the protocol's long-term trae."}, {"start": "00:18:04", "end": "00:18:07", "text": "Oh guys, guys"}, {"start": "00:18:08", "end": "00:18:12", "text": "guys."}, {"start": "00:18:10", "end": "00:18:15", "text": "You have a bunch of researchers coming"}, {"start": "00:18:12", "end": "00:18:17", "text": "out charting protocols long-term"}, {"start": "00:18:15", "end": "00:18:21", "text": "trajectory."}, {"start": "00:18:17", "end": "00:18:24", "text": "How many DEX teams are involved? How"}, {"start": "00:18:21", "end": "00:18:26", "text": "many decentralized per exchange teams"}, {"start": "00:18:24", "end": "00:18:30", "text": "are involved? How many lending protocol"}, {"start": "00:18:26", "end": "00:18:32", "text": "teams are involved? How many users of"}, {"start": "00:18:30", "end": "00:18:35", "text": "the chain are involved? How many wallet"}, {"start": "00:18:32", "end": "00:18:37", "text": "teams are involved? How many I mean you"}, {"start": "00:18:35", "end": "00:18:39", "text": "understand the problem? You understand"}, {"start": "00:18:37", "end": "00:18:41", "text": "the problem?"}, {"start": "00:18:39", "end": "00:18:43", "text": "A bunch of researchers are deciding the"}, {"start": "00:18:41", "end": "00:18:45", "text": "long-term trajectory. Just like a few"}, {"start": "00:18:43", "end": "00:18:49", "text": "years ago, they decided they decided to"}, {"start": "00:18:45", "end": "00:18:50", "text": "do L2s. Why they decided to do L2s?"}, {"start": "00:18:49", "end": "00:18:53", "text": "Because they're researcher. They're"}, {"start": "00:18:50", "end": "00:18:55", "text": "researcher. Because they're smart,"}, {"start": "00:18:53", "end": "00:18:57", "text": "because they are researcher. So I I"}, {"start": "00:18:55", "end": "00:18:59", "text": "actually commented here. Hopefully you"}, {"start": "00:18:57", "end": "00:19:01", "text": "guys checked that these requirements are"}, {"start": "00:18:59", "end": "00:19:02", "text": "really needed by DAB devs and users"}, {"start": "00:19:01", "end": "00:19:05", "text": "before commissing three to four years."}, {"start": "00:19:02", "end": "00:19:07", "text": "Because basically he he then goes into"}, {"start": "00:19:05", "end": "00:19:08", "text": "what they going to build. uh which is I"}, {"start": "00:19:07", "end": "00:19:10", "text": "mean it's not bad. I'm just not sure"}, {"start": "00:19:08", "end": "00:19:13", "text": "it's it's what's needed. Uh but then he"}, {"start": "00:19:10", "end": "00:19:15", "text": "says this is going to take four years."}, {"start": "00:19:13", "end": "00:19:16", "text": "So you remember a few years ago there"}, {"start": "00:19:15", "end": "00:19:18", "text": "was this you know merge merge got"}, {"start": "00:19:16", "end": "00:19:22", "text": "shipped but then there was splurge the"}, {"start": "00:19:18", "end": "00:19:23", "text": "purge the purge the all of these purges."}, {"start": "00:19:22", "end": "00:19:25", "text": "Okay, you remember there was like a"}, {"start": "00:19:23", "end": "00:19:27", "text": "five-step road map with the merge as"}, {"start": "00:19:25", "end": "00:19:29", "text": "number one. The purge the purge like"}, {"start": "00:19:27", "end": "00:19:31", "text": "they this also they pulled out of"}, {"start": "00:19:29", "end": "00:19:34", "text": "somewhere the researchers they no longer"}, {"start": "00:19:31", "end": "00:19:36", "text": "do that guys this this purge splurge"}, {"start": "00:19:34", "end": "00:19:39", "text": "purge is they they no longer do that"}, {"start": "00:19:36", "end": "00:19:41", "text": "they no longer do that instead they have"}, {"start": "00:19:39", "end": "00:19:44", "text": "a new road map but I think they're"}, {"start": "00:19:41", "end": "00:19:46", "text": "making the same mistake here because"}, {"start": "00:19:44", "end": "00:19:48", "text": "how many prediction market teams were"}, {"start": "00:19:46", "end": "00:19:49", "text": "here they say that some client teams"}, {"start": "00:19:48", "end": "00:19:52", "text": "were involved well the client teams"}, {"start": "00:19:49", "end": "00:19:54", "text": "they're not they're not dub developers"}, {"start": "00:19:52", "end": "00:19:55", "text": "they're doing a client they are"}, {"start": "00:19:54", "end": "00:19:57", "text": "implementing the ETH protocol so ETH"}, {"start": "00:19:55", "end": "00:19:59", "text": "researchers they do the road map and"}, {"start": "00:19:57", "end": "00:20:01", "text": "then these guys are implementing the"}, {"start": "00:19:59", "end": "00:20:05", "text": "road map okay and they do the client"}, {"start": "00:20:01", "end": "00:20:08", "text": "they do guest they do other client so uh"}, {"start": "00:20:05", "end": "00:20:11", "text": "I mean just having uh worked in in tech"}, {"start": "00:20:08", "end": "00:20:15", "text": "for a very long time uh uh soon 10 years"}, {"start": "00:20:11", "end": "00:20:17", "text": "in tech both uh building tech uh"}, {"start": "00:20:15", "end": "00:20:18", "text": "building start I can tell you that when"}, {"start": "00:20:17", "end": "00:20:20", "text": "you build startup you build a business"}, {"start": "00:20:18", "end": "00:20:23", "text": "like the number one problem is building"}, {"start": "00:20:20", "end": "00:20:26", "text": "something that no one cares about okay"}, {"start": "00:20:23", "end": "00:20:29", "text": "and so here because they haven't"}, {"start": "00:20:26", "end": "00:20:32", "text": "involved any users and it's not clear"}, {"start": "00:20:29", "end": "00:20:34", "text": "exactly what the target is. Uh I hope"}, {"start": "00:20:32", "end": "00:20:35", "text": "they they they really haven't it's also"}, {"start": "00:20:34", "end": "00:20:38", "text": "impossible to know maybe they did check"}, {"start": "00:20:35", "end": "00:20:39", "text": "with the teams but it's not clear from"}, {"start": "00:20:38", "end": "00:20:41", "text": "this. So what are they going to do the"}, {"start": "00:20:39", "end": "00:20:43", "text": "new road map what's going to do? Uh this"}, {"start": "00:20:41", "end": "00:20:45", "text": "is my favorite. Privacy is no longer an"}, {"start": "00:20:43", "end": "00:20:46", "text": "afterthought. It's a first class goal."}, {"start": "00:20:45", "end": "00:20:49", "text": "This this this my favorite. This is my"}, {"start": "00:20:46", "end": "00:20:51", "text": "favorite. This my favorite. Thank you"}, {"start": "00:20:49", "end": "00:20:52", "text": "very much for doing a smart thing with"}, {"start": "00:20:51", "end": "00:20:54", "text": "the privacy. That's very nice. I mean"}, {"start": "00:20:52", "end": "00:20:55", "text": "this is I love this when designing"}, {"start": "00:20:54", "end": "00:20:58", "text": "frames the mele additions to the stage"}, {"start": "00:20:55", "end": "00:21:00", "text": "three weeks please ask a question how do"}, {"start": "00:20:58", "end": "00:21:04", "text": "quantum save quantum that's up my alley"}, {"start": "00:21:00", "end": "00:21:05", "text": "I love quantum intermediary free privacy"}, {"start": "00:21:04", "end": "00:21:08", "text": "privacy protocols transactions go"}, {"start": "00:21:05", "end": "00:21:10", "text": "through this and what is off guys guys"}, {"start": "00:21:08", "end": "00:21:14", "text": "hats off hats off I mean this is this is"}, {"start": "00:21:10", "end": "00:21:17", "text": "for for real the best part of it privacy"}, {"start": "00:21:14", "end": "00:21:20", "text": "and uh quantum"}, {"start": "00:21:17", "end": "00:21:21", "text": "good this is the best everything else"}, {"start": "00:21:20", "end": "00:21:22", "text": "guys I don't know if they checked with"}, {"start": "00:21:21", "end": "00:21:25", "text": "anyone they're going to do all kinds of"}, {"start": "00:21:22", "end": "00:21:27", "text": "other stuff here. Uh but the the uh the"}, {"start": "00:21:25", "end": "00:21:30", "text": "conclusion is that less is going to be"}, {"start": "00:21:27", "end": "00:21:32", "text": "on L2, more is going to be on L1. Okay."}, {"start": "00:21:30", "end": "00:21:34", "text": "Uh that's it. That's it. But privacy is"}, {"start": "00:21:32", "end": "00:21:37", "text": "very good. So to those who don't speak"}, {"start": "00:21:34", "end": "00:21:39", "text": "vitalis vitalis because yeah he he he"}, {"start": "00:21:37", "end": "00:21:41", "text": "speaks but actually here he explains in"}, {"start": "00:21:39", "end": "00:21:42", "text": "very nice simple way. Normally he he"}, {"start": "00:21:41", "end": "00:21:44", "text": "writes this blog post no one can read"}, {"start": "00:21:42", "end": "00:21:46", "text": "them. Everyone just pretends that"}, {"start": "00:21:44", "end": "00:21:47", "text": "they're smart enough to read. Uh I don't"}, {"start": "00:21:46", "end": "00:21:49", "text": "know he if he himself even understands"}, {"start": "00:21:47", "end": "00:21:50", "text": "the blog post. Sometimes he writes but"}, {"start": "00:21:49", "end": "00:21:52", "text": "this was pretty clear technical. No"}, {"start": "00:21:50", "end": "00:21:54", "text": "problem. No problem. But basically, it's"}, {"start": "00:21:52", "end": "00:21:56", "text": "faster quantum resistance and private."}, {"start": "00:21:54", "end": "00:21:58", "text": "Private private. So, this is good. This"}, {"start": "00:21:56", "end": "00:22:00", "text": "is good. This is good. This is good."}, {"start": "00:21:58", "end": "00:22:01", "text": "Faster. I mean, I guess good. But how"}, {"start": "00:22:00", "end": "00:22:03", "text": "you going to compete with Salana? I"}, {"start": "00:22:01", "end": "00:22:05", "text": "don't know. Is going to be at at the"}, {"start": "00:22:03", "end": "00:22:07", "text": "level of soul. Let's see. But private,"}, {"start": "00:22:05", "end": "00:22:10", "text": "guys. Private is good. I like private. I"}, {"start": "00:22:07", "end": "00:22:11", "text": "like private. I love quantum. Uh those"}, {"start": "00:22:10", "end": "00:22:13", "text": "are the two things. And hopefully they"}, {"start": "00:22:11", "end": "00:22:15", "text": "checked with the devs that they actually"}, {"start": "00:22:13", "end": "00:22:17", "text": "needed that the way they implement it is"}, {"start": "00:22:15", "end": "00:22:19", "text": "actually needed. So, uh the next"}, {"start": "00:22:17", "end": "00:22:20", "text": "Ethereum upgrade will rival the merge"}, {"start": "00:22:19", "end": "00:22:22", "text": "and take three four years. That's the"}, {"start": "00:22:20", "end": "00:22:23", "text": "only problem, man. Three, four years,"}, {"start": "00:22:22", "end": "00:22:26", "text": "man. What you going to do? Three, four"}, {"start": "00:22:23", "end": "00:22:28", "text": "years."}, {"start": "00:22:26", "end": "00:22:30", "text": "Why it takes so long? How many vacations"}, {"start": "00:22:28", "end": "00:22:31", "text": "you do? I mean, Elon Musk, look at the"}, {"start": "00:22:30", "end": "00:22:34", "text": "SpaceX progress in three, four years,"}, {"start": "00:22:31", "end": "00:22:35", "text": "man. He made like all kinds of rockets"}, {"start": "00:22:34", "end": "00:22:38", "text": "in three, four years, you know? Three,"}, {"start": "00:22:35", "end": "00:22:40", "text": "four years, man. Xi wasn't even around 3"}, {"start": "00:22:38", "end": "00:22:43", "text": "four years ago. I mean, we have such"}, {"start": "00:22:40", "end": "00:22:44", "text": "long uh road maps. Now, uh to be fair,"}, {"start": "00:22:43", "end": "00:22:46", "text": "you need to have backwards"}, {"start": "00:22:44", "end": "00:22:49", "text": "compatibility, a lot of money at stake."}, {"start": "00:22:46", "end": "00:22:51", "text": "So I guess it's good but man imagine"}, {"start": "00:22:49", "end": "00:22:53", "text": "Sana in 3 4 years imagine all all of the"}, {"start": "00:22:51", "end": "00:22:55", "text": "other stuff for this whole industry in 3"}, {"start": "00:22:53", "end": "00:22:57", "text": "4 years what's going to happen. So yeah"}, {"start": "00:22:55", "end": "00:22:59", "text": "let's see he describes initi called lean"}, {"start": "00:22:57", "end": "00:23:02", "text": "Ethereum as the blockchain's third major"}, {"start": "00:22:59", "end": "00:23:05", "text": "revolution saying almost every major"}, {"start": "00:23:02", "end": "00:23:08", "text": "piece of the protocol will be replaced."}, {"start": "00:23:05", "end": "00:23:08", "text": "Yeah."}, {"start": "00:23:08", "end": "00:23:13", "text": "YEAH. I'M EXCITED. I MEAN I THINK it's"}, {"start": "00:23:11", "end": "00:23:15", "text": "good. I think that ETH needs to do"}, {"start": "00:23:13", "end": "00:23:18", "text": "something. They need to do something"}, {"start": "00:23:15", "end": "00:23:20", "text": "because uh they have big problem. I mean"}, {"start": "00:23:18", "end": "00:23:22", "text": "they are the branding is that it's like"}, {"start": "00:23:20", "end": "00:23:25", "text": "you know Solana is fast moving. We're"}, {"start": "00:23:22", "end": "00:23:27", "text": "not fast moving. Why? Because we're kind"}, {"start": "00:23:25", "end": "00:23:30", "text": "of store of value. We're we're money."}, {"start": "00:23:27", "end": "00:23:32", "text": "But guys, Bitcoin is money. I mean be"}, {"start": "00:23:30", "end": "00:23:34", "text": "real. Be real. ETH is not money. Bitcoin"}, {"start": "00:23:32", "end": "00:23:35", "text": "like if you want to compete with store"}, {"start": "00:23:34", "end": "00:23:38", "text": "of value, you compete with Bitcoin. Just"}, {"start": "00:23:35", "end": "00:23:39", "text": "realize that that's also in terms of the"}, {"start": "00:23:38", "end": "00:23:41", "text": "product thinking, in terms of"}, {"start": "00:23:39", "end": "00:23:43", "text": "competitive analysis, ETH ecosystem,"}, {"start": "00:23:41", "end": "00:23:45", "text": "they're very bad at I mean okay you say"}, {"start": "00:23:43", "end": "00:23:49", "text": "that you are"}, {"start": "00:23:45", "end": "00:23:51", "text": "you are uh so respons you're so slow"}, {"start": "00:23:49", "end": "00:23:53", "text": "you're so retardial for a good reason"}, {"start": "00:23:51", "end": "00:23:54", "text": "because you're you you know you are you"}, {"start": "00:23:53", "end": "00:23:57", "text": "know the grownup you're the grown Solana"}, {"start": "00:23:54", "end": "00:23:59", "text": "is the kids is you're the grownup okay"}, {"start": "00:23:57", "end": "00:24:01", "text": "so what's your KPI your KPI then is"}, {"start": "00:23:59", "end": "00:24:05", "text": "store of value okay store of value you"}, {"start": "00:24:01", "end": "00:24:07", "text": "lose it fully to Bitcoin"}, {"start": "00:24:05", "end": "00:24:09", "text": "what else are you are you are you okay"}, {"start": "00:24:07", "end": "00:24:11", "text": "then they said but we are we are for"}, {"start": "00:24:09", "end": "00:24:13", "text": "because no institution will touch Sana"}, {"start": "00:24:11", "end": "00:24:15", "text": "All institutions they do only Solana"}, {"start": "00:24:13", "end": "00:24:17", "text": "literally all they do only Solana this"}, {"start": "00:24:15", "end": "00:24:20", "text": "new stable coin by institutions is it's"}, {"start": "00:24:17", "end": "00:24:23", "text": "natively on Solana and on stripe chain"}, {"start": "00:24:20", "end": "00:24:24", "text": "tempo it's not it's not natively on"}, {"start": "00:24:23", "end": "00:24:26", "text": "tokeniz stocks they're not on if they're"}, {"start": "00:24:24", "end": "00:24:28", "text": "on Solana"}, {"start": "00:24:26", "end": "00:24:31", "text": "Robin Hood chain they have their own"}, {"start": "00:24:28", "end": "00:24:32", "text": "stock it's not on okay so it's a big"}, {"start": "00:24:31", "end": "00:24:34", "text": "problem I so that's why I think they"}, {"start": "00:24:32", "end": "00:24:36", "text": "need to do something but they need to"}, {"start": "00:24:34", "end": "00:24:38", "text": "also be clear what KPI are they going"}, {"start": "00:24:36", "end": "00:24:40", "text": "after because privacy could be one I"}, {"start": "00:24:38", "end": "00:24:42", "text": "mean fully like private smart contract"}, {"start": "00:24:40", "end": "00:24:45", "text": "chain That could be one. That could be"}, {"start": "00:24:42", "end": "00:24:46", "text": "one. Uh if it's a store of value, you're"}, {"start": "00:24:45", "end": "00:24:48", "text": "you're competing against Bitcoin. You're"}, {"start": "00:24:46", "end": "00:24:50", "text": "cooked. You're cooked. It's like, you"}, {"start": "00:24:48", "end": "00:24:53", "text": "know, you trying to vibe code Amazon."}, {"start": "00:24:50", "end": "00:24:55", "text": "You're going to vibe code Amazon"}, {"start": "00:24:53", "end": "00:24:56", "text": "store"}, {"start": "00:24:55", "end": "00:25:00", "text": "marketplace. You're going to vibe code"}, {"start": "00:24:56", "end": "00:25:03", "text": "Amazon. Are you [�__�] No, you're not,"}, {"start": "00:25:00", "end": "00:25:04", "text": "man. Okay."}, {"start": "00:25:03", "end": "00:25:06", "text": "Then what are you? Are you smart"}, {"start": "00:25:04", "end": "00:25:07", "text": "contract platform? Sana is way better."}, {"start": "00:25:06", "end": "00:25:09", "text": "Like in all all directions, it's a"}, {"start": "00:25:07", "end": "00:25:10", "text": "million times better. Everyone is there."}, {"start": "00:25:09", "end": "00:25:13", "text": "Everyone is doing coin making money"}, {"start": "00:25:10", "end": "00:25:15", "text": "making talking stock is better and then"}, {"start": "00:25:13", "end": "00:25:17", "text": "Sulana itself has issues competing with"}, {"start": "00:25:15", "end": "00:25:20", "text": "hyperlquid so how you going to compete"}, {"start": "00:25:17", "end": "00:25:23", "text": "in in terms of so guys I think there"}, {"start": "00:25:20", "end": "00:25:24", "text": "needs to be some product thinking there"}, {"start": "00:25:23", "end": "00:25:26", "text": "and I'm excited that they do something"}, {"start": "00:25:24", "end": "00:25:28", "text": "that's good I I love privacy and quantum"}, {"start": "00:25:26", "end": "00:25:30", "text": "that's it that's it everything else is a"}, {"start": "00:25:28", "end": "00:25:32", "text": "big question mark but I like I love"}, {"start": "00:25:30", "end": "00:25:33", "text": "privacy I mean I would love the ETH to"}, {"start": "00:25:32", "end": "00:25:35", "text": "be freaking fully private that would be"}, {"start": "00:25:33", "end": "00:25:37", "text": "amazing that I mean then we're then"}, {"start": "00:25:35", "end": "00:25:38", "text": "we're speaking maybe that's the niche I"}, {"start": "00:25:37", "end": "00:25:40", "text": "mean really find some niche"}, {"start": "00:25:38", "end": "00:25:42", "text": "You need to find some niche maybe"}, {"start": "00:25:40", "end": "00:25:45", "text": "private. Let me know what you think."}, {"start": "00:25:42", "end": "00:25:48", "text": "Especially guys if you are a uh licensed"}, {"start": "00:25:45", "end": "00:25:50", "text": "product uh person licensed meaning you"}, {"start": "00:25:48", "end": "00:25:52", "text": "you worked as a product person that"}, {"start": "00:25:50", "end": "00:25:54", "text": "product manager you know you're licensed"}, {"start": "00:25:52", "end": "00:25:56", "text": "aka you have experience in building"}, {"start": "00:25:54", "end": "00:25:58", "text": "product technical product technical"}, {"start": "00:25:56", "end": "00:26:01", "text": "product because that's that's the"}, {"start": "00:25:58", "end": "00:26:05", "text": "biggest question how how you position"}, {"start": "00:26:01", "end": "00:26:06", "text": "it. So look here uh two weeks ago ETH"}, {"start": "00:26:05", "end": "00:26:08", "text": "researchers. Yeah it's another summary"}, {"start": "00:26:06", "end": "00:26:11", "text": "of it. Let me find this new guy. Oh"}, {"start": "00:26:08", "end": "00:26:13", "text": "yeah, start guy has some feedback. My"}, {"start": "00:26:11", "end": "00:26:15", "text": "new take, my take on the new road map."}, {"start": "00:26:13", "end": "00:26:17", "text": "TLDR many good things, a few things."}, {"start": "00:26:15", "end": "00:26:18", "text": "Still a few problems. Number one, the"}, {"start": "00:26:17", "end": "00:26:21", "text": "good recursive starks. Yeah, I mean this"}, {"start": "00:26:18", "end": "00:26:24", "text": "guy, he's start as as soon as he sees"}, {"start": "00:26:21", "end": "00:26:25", "text": "Stark, he gets excited. He's get getting"}, {"start": "00:26:24", "end": "00:26:28", "text": "excited down there. Getting some"}, {"start": "00:26:25", "end": "00:26:30", "text": "tingling. Huge progress since the days"}, {"start": "00:26:28", "end": "00:26:32", "text": "where Okay, good guys. Starks, I don't"}, {"start": "00:26:30", "end": "00:26:33", "text": "know. Do you build the decks with it? Do"}, {"start": "00:26:32", "end": "00:26:36", "text": "you build the what you build with it?"}, {"start": "00:26:33", "end": "00:26:38", "text": "Stark chain. Starkness. H how many decks"}, {"start": "00:26:36", "end": "00:26:41", "text": "you have? How many uh prediction market?"}, {"start": "00:26:38", "end": "00:26:43", "text": "Where is uh perpetual decks? Where is uh"}, {"start": "00:26:41", "end": "00:26:45", "text": "memes? Where is everything people do on"}, {"start": "00:26:43", "end": "00:26:46", "text": "chain nowadays? If this is going to"}, {"start": "00:26:45", "end": "00:26:49", "text": "help, you know, this tech guys, they're"}, {"start": "00:26:46", "end": "00:26:51", "text": "so focused on their thing. Okay, Stark."}, {"start": "00:26:49", "end": "00:26:53", "text": "Okay, Stark in in of itself. Uh I don't"}, {"start": "00:26:51", "end": "00:26:54", "text": "know how it's going to lead to more"}, {"start": "00:26:53", "end": "00:26:56", "text": "decks, guys. How it's going to lead to"}, {"start": "00:26:54", "end": "00:26:58", "text": "more volume, to more liquidity, I don't"}, {"start": "00:26:56", "end": "00:27:01", "text": "know. But the tech guys, they allow it."}, {"start": "00:26:58", "end": "00:27:04", "text": "Oh, Stark. There's Stark. Stark. Snark"}, {"start": "00:27:01", "end": "00:27:06", "text": "and Stark. You have both of them. Nice"}, {"start": "00:27:04", "end": "00:27:09", "text": "privacy. Excellent. I love that. I agree"}, {"start": "00:27:06", "end": "00:27:11", "text": "formal verification. Excellent. Uh yeah,"}, {"start": "00:27:09", "end": "00:27:13", "text": "I mean this one is interesting. Cardano"}, {"start": "00:27:11", "end": "00:27:15", "text": "as you know they are at the forefront of"}, {"start": "00:27:13", "end": "00:27:16", "text": "formal verification. It does not help"}, {"start": "00:27:15", "end": "00:27:18", "text": "their price. And for all of you who are"}, {"start": "00:27:16", "end": "00:27:20", "text": "non-technical, who don't have computer"}, {"start": "00:27:18", "end": "00:27:22", "text": "science degree, let me explain to you"}, {"start": "00:27:20", "end": "00:27:25", "text": "what it is. Formal verification is when"}, {"start": "00:27:22", "end": "00:27:27", "text": "you use math to verify that the code has"}, {"start": "00:27:25", "end": "00:27:30", "text": "no bugs. For example, let's say you"}, {"start": "00:27:27", "end": "00:27:32", "text": "build a train system. You know, you"}, {"start": "00:27:30", "end": "00:27:34", "text": "build the train routing system. You need"}, {"start": "00:27:32", "end": "00:27:37", "text": "to ensure man that under no circumstance"}, {"start": "00:27:34", "end": "00:27:39", "text": "two trains are routed against each other"}, {"start": "00:27:37", "end": "00:27:41", "text": "and you can analyze the code line by"}, {"start": "00:27:39", "end": "00:27:44", "text": "line and do mathematical proof that"}, {"start": "00:27:41", "end": "00:27:46", "text": "ensures that this never happens that you"}, {"start": "00:27:44", "end": "00:27:48", "text": "you mathematically prove that your code"}, {"start": "00:27:46", "end": "00:27:51", "text": "has no bugs. Guys, the issue is that"}, {"start": "00:27:48", "end": "00:27:54", "text": "it's super expensive. It is also very"}, {"start": "00:27:51", "end": "00:27:56", "text": "hard to do and easy to do a mistake"}, {"start": "00:27:54", "end": "00:27:58", "text": "because your code needs to be formatted"}, {"start": "00:27:56", "end": "00:28:00", "text": "in a way and structured in a way that"}, {"start": "00:27:58", "end": "00:28:02", "text": "you can actually do formal verification."}, {"start": "00:28:00", "end": "00:28:05", "text": "uh normally mo most programmers cannot"}, {"start": "00:28:02", "end": "00:28:07", "text": "do it by the way. If you ask the average"}, {"start": "00:28:05", "end": "00:28:09", "text": "dev to to do something that that can be"}, {"start": "00:28:07", "end": "00:28:10", "text": "formally verified, they cannot do it. Uh"}, {"start": "00:28:09", "end": "00:28:12", "text": "I mean most programmers don't even have"}, {"start": "00:28:10", "end": "00:28:14", "text": "it in their in their brain to do formal"}, {"start": "00:28:12", "end": "00:28:16", "text": "verification because the way that normal"}, {"start": "00:28:14", "end": "00:28:18", "text": "programming works is that you just write"}, {"start": "00:28:16", "end": "00:28:20", "text": "tests. You have a bunch of tests and"}, {"start": "00:28:18", "end": "00:28:22", "text": "they test that whatever spaghetti you"}, {"start": "00:28:20", "end": "00:28:24", "text": "wrote it passes the test. Okay, you test"}, {"start": "00:28:22", "end": "00:28:26", "text": "the functionality. That's how normal"}, {"start": "00:28:24", "end": "00:28:28", "text": "programming works. But in some use"}, {"start": "00:28:26", "end": "00:28:30", "text": "cases, for example, life and death use"}, {"start": "00:28:28", "end": "00:28:32", "text": "cases where let's say train routing or"}, {"start": "00:28:30", "end": "00:28:35", "text": "for example space mission, you go to the"}, {"start": "00:28:32", "end": "00:28:36", "text": "moon, man, it's good if you don't have"}, {"start": "00:28:35", "end": "00:28:38", "text": "any bugs in the code when we go to the"}, {"start": "00:28:36", "end": "00:28:39", "text": "moon and we spend billions in the 50s or"}, {"start": "00:28:38", "end": "00:28:41", "text": "some people think we didn't go to the"}, {"start": "00:28:39", "end": "00:28:43", "text": "moon. Guys, I don't want to touch that."}, {"start": "00:28:41", "end": "00:28:45", "text": "Whenever I talk about even the SpaceX"}, {"start": "00:28:43", "end": "00:28:47", "text": "stock, some guy in the comments are"}, {"start": "00:28:45", "end": "00:28:49", "text": "saying, \"Guys, it's Ivan. It's all fake."}, {"start": "00:28:47", "end": "00:28:52", "text": "SpaceX never went to there's no space,"}, {"start": "00:28:49", "end": "00:28:53", "text": "guys. I'm not going to go there.\""}, {"start": "00:28:52", "end": "00:28:56", "text": "That that's that's the joy of being in"}, {"start": "00:28:53", "end": "00:28:57", "text": "crypto. You you need to debate even the"}, {"start": "00:28:56", "end": "00:28:58", "text": "fundamentals. Some people they are"}, {"start": "00:28:57", "end": "00:29:01", "text": "they're convinced that there is no"}, {"start": "00:28:58", "end": "00:29:02", "text": "space. Guys, when you go to the moon in"}, {"start": "00:29:01", "end": "00:29:05", "text": "the 50s or when they went I don't know"}, {"start": "00:29:02", "end": "00:29:08", "text": "60s7s when was it guys let me know. Good"}, {"start": "00:29:05", "end": "00:29:11", "text": "that there is formal proof mathematical"}, {"start": "00:29:08", "end": "00:29:12", "text": "proof that there are no bugs."}, {"start": "00:29:11", "end": "00:29:15", "text": "How is going to formally verify"}, {"start": "00:29:12", "end": "00:29:16", "text": "everything? It's a excellent question."}, {"start": "00:29:15", "end": "00:29:19", "text": "It's going to be super expensive super"}, {"start": "00:29:16", "end": "00:29:22", "text": "slow and I I need to double check"}, {"start": "00:29:19", "end": "00:29:24", "text": "exactly what they're going to formally"}, {"start": "00:29:22", "end": "00:29:27", "text": "verify. Man, you cannot to formally"}, {"start": "00:29:24", "end": "00:29:30", "text": "verify everything"}, {"start": "00:29:27", "end": "00:29:32", "text": "formal of everything for come on man how"}, {"start": "00:29:30", "end": "00:29:36", "text": "you going to formally verify everything"}, {"start": "00:29:32", "end": "00:29:40", "text": "now although I am a highly educated"}, {"start": "00:29:36", "end": "00:29:44", "text": "computer scientist this is slightly"}, {"start": "00:29:40", "end": "00:29:46", "text": "beyond beyond my practical experience so"}, {"start": "00:29:44", "end": "00:29:48", "text": "for verification I've done some test on"}, {"start": "00:29:46", "end": "00:29:51", "text": "it I've never done something proper with"}, {"start": "00:29:48", "end": "00:29:53", "text": "with it if you guys are the mega geek in"}, {"start": "00:29:51", "end": "00:29:55", "text": "the chat who can enlighten us how the"}, {"start": "00:29:53", "end": "00:29:58", "text": "hell they going to formally verify the"}, {"start": "00:29:55", "end": "00:30:01", "text": "whole ETH because my gut feeling from my"}, {"start": "00:29:58", "end": "00:30:03", "text": "experience in tech is that for a large"}, {"start": "00:30:01", "end": "00:30:05", "text": "system like ETH open up E is GitHub you"}, {"start": "00:30:03", "end": "00:30:07", "text": "know Bitcoin GitHub it's quite easy for"}, {"start": "00:30:05", "end": "00:30:08", "text": "the average dev to understand kind of"}, {"start": "00:30:07", "end": "00:30:11", "text": "what's happening man you open up E"}, {"start": "00:30:08", "end": "00:30:13", "text": "GitHub"}, {"start": "00:30:11", "end": "00:30:14", "text": "for the average dev man you're not going"}, {"start": "00:30:13", "end": "00:30:17", "text": "to understand anything how you going to"}, {"start": "00:30:14", "end": "00:30:19", "text": "formally verify it I don't know maybe if"}, {"start": "00:30:17", "end": "00:30:20", "text": "you rebuild the whole thing from scratch"}, {"start": "00:30:19", "end": "00:30:22", "text": "maybe you can do it I don't know how"}, {"start": "00:30:20", "end": "00:30:24", "text": "it's going to be done but Okay, I'm I'm"}, {"start": "00:30:22", "end": "00:30:26", "text": "I'm here to see it. That's fantastic. If"}, {"start": "00:30:24", "end": "00:30:28", "text": "they can do it, obviously good. But then"}, {"start": "00:30:26", "end": "00:30:31", "text": "the problem is, guys, here's the"}, {"start": "00:30:28", "end": "00:30:33", "text": "problem. You formally verify things. How"}, {"start": "00:30:31", "end": "00:30:35", "text": "you going to uh change it in the future?"}, {"start": "00:30:33", "end": "00:30:38", "text": "You understand? Like you formally"}, {"start": "00:30:35", "end": "00:30:40", "text": "verify, but your product has not product"}, {"start": "00:30:38", "end": "00:30:43", "text": "market fit and you have formally"}, {"start": "00:30:40", "end": "00:30:45", "text": "verified it. Okay, it's good, but you"}, {"start": "00:30:43", "end": "00:30:48", "text": "need to move, you need to compete, you"}, {"start": "00:30:45", "end": "00:30:49", "text": "need to like formally product"}, {"start": "00:30:48", "end": "00:30:51", "text": "verification is when you don't have to"}, {"start": "00:30:49", "end": "00:30:57", "text": "change anything in the future. you know"}, {"start": "00:30:51", "end": "00:30:59", "text": "h how how we going to compete how so if"}, {"start": "00:30:57", "end": "00:31:02", "text": "anything it will make further"}, {"start": "00:30:59", "end": "00:31:04", "text": "development very slow so uh anyway I I"}, {"start": "00:31:02", "end": "00:31:05", "text": "it's interesting like tech stuff is"}, {"start": "00:31:04", "end": "00:31:07", "text": "interesting I don't know if it's needed"}, {"start": "00:31:05", "end": "00:31:09", "text": "from a product perspective is again the"}, {"start": "00:31:07", "end": "00:31:11", "text": "tech versus product question do is it"}, {"start": "00:31:09", "end": "00:31:13", "text": "actually needed for product development"}, {"start": "00:31:11", "end": "00:31:14", "text": "to to compete with soul to compete with"}, {"start": "00:31:13", "end": "00:31:16", "text": "other thing I don't know let's see guys"}, {"start": "00:31:14", "end": "00:31:19", "text": "let's see even bitcoin is not formally"}, {"start": "00:31:16", "end": "00:31:21", "text": "verified okay"}, {"start": "00:31:19", "end": "00:31:23", "text": "okay so yeah let's see let's"}, {"start": "00:31:21", "end": "00:31:25", "text": "Uh for regression also makes us uh much"}, {"start": "00:31:23", "end": "00:31:26", "text": "more comfortable with canonization"}, {"start": "00:31:25", "end": "00:31:27", "text": "having piece of protocol that are"}, {"start": "00:31:26", "end": "00:31:30", "text": "directly defined as a piece of bite"}, {"start": "00:31:27", "end": "00:31:32", "text": "code. Okay. Quantum safety has shifted"}, {"start": "00:31:30", "end": "00:31:34", "text": "up a lot. That's good. That's good. I"}, {"start": "00:31:32", "end": "00:31:35", "text": "fully agree here. That's good. Probably"}, {"start": "00:31:34", "end": "00:31:37", "text": "the single most distressive part of the"}, {"start": "00:31:35", "end": "00:31:40", "text": "plan is the changes to the state. There"}, {"start": "00:31:37", "end": "00:31:42", "text": "is growing consensus around leaving. You"}, {"start": "00:31:40", "end": "00:31:46", "text": "can read here more some tech tech"}, {"start": "00:31:42", "end": "00:31:48", "text": "debate. Uh so the new style state would"}, {"start": "00:31:46", "end": "00:31:51", "text": "work very well for ERC20s and I've se"}, {"start": "00:31:48", "end": "00:31:53", "text": "many D5 cases but not highly central"}, {"start": "00:31:51", "end": "00:31:56", "text": "objects like unisop contracts okay"}, {"start": "00:31:53", "end": "00:31:58", "text": "interesting or onchain order books so"}, {"start": "00:31:56", "end": "00:32:00", "text": "basically saying that if you have a"}, {"start": "00:31:58", "end": "00:32:02", "text": "bunch of disconnected contracts like arc"}, {"start": "00:32:00", "end": "00:32:05", "text": "20s or NFTs they're disconnected from"}, {"start": "00:32:02", "end": "00:32:07", "text": "each other is good uh highly connected"}, {"start": "00:32:05", "end": "00:32:10", "text": "stuff like unis swap which is a contract"}, {"start": "00:32:07", "end": "00:32:11", "text": "with big state big state meaning that it"}, {"start": "00:32:10", "end": "00:32:13", "text": "has to keep track of all the liquidity"}, {"start": "00:32:11", "end": "00:32:16", "text": "pools all of the trading it's like one"}, {"start": "00:32:13", "end": "00:32:19", "text": "contract or a few contracts that do it."}, {"start": "00:32:16", "end": "00:32:22", "text": "Uh hence it's not it will not be"}, {"start": "00:32:19", "end": "00:32:24", "text": "necessary to write any aso. It will be"}, {"start": "00:32:22", "end": "00:32:26", "text": "very cost effective to write. Okay."}, {"start": "00:32:24", "end": "00:32:29", "text": "Okay. Anyway, good stuff from Vitalik."}, {"start": "00:32:26", "end": "00:32:32", "text": "Big shout out. Big shout out. Um and by"}, {"start": "00:32:29", "end": "00:32:35", "text": "the way near guys jump out of nowhere"}, {"start": "00:32:32", "end": "00:32:38", "text": "and say that Vitalik copied the near"}, {"start": "00:32:35", "end": "00:32:39", "text": "road map. Let's see this guy. What is"}, {"start": "00:32:38", "end": "00:32:42", "text": "he?"}, {"start": "00:32:39", "end": "00:32:44", "text": "He's ex near core. So he's ex near core"}, {"start": "00:32:42", "end": "00:32:48", "text": "developer and he's saying that Vitalik"}, {"start": "00:32:44", "end": "00:32:49", "text": "published the lean Ethereum straw map"}, {"start": "00:32:48", "end": "00:32:51", "text": "almost every major piece of the product"}, {"start": "00:32:49", "end": "00:32:53", "text": "will be replaced over the next three or"}, {"start": "00:32:51", "end": "00:32:55", "text": "four years boy by pointed last on"}, {"start": "00:32:53", "end": "00:32:57", "text": "decisions near shipped years ago quantum"}, {"start": "00:32:55", "end": "00:33:00", "text": "safety now marked urgent near shipped"}, {"start": "00:32:57", "end": "00:33:03", "text": "postquantum"}, {"start": "00:33:00", "end": "00:33:05", "text": "MLDDSA keys on test net last week I"}, {"start": "00:33:03", "end": "00:33:07", "text": "added one to my account okay good news"}, {"start": "00:33:05", "end": "00:33:10", "text": "so just take freaking near and call it"}, {"start": "00:33:07", "end": "00:33:11", "text": "ETH why why you have to rebuild call it"}, {"start": "00:33:10", "end": "00:33:13", "text": "ETH but yeah you need to port all the"}, {"start": "00:33:11", "end": "00:33:16", "text": "the apps etc. Yeah, that's a problem."}, {"start": "00:33:13", "end": "00:33:17", "text": "New state types where nodes store only a"}, {"start": "00:33:16", "end": "00:33:19", "text": "fraction of everything with Vitalic open"}, {"start": "00:33:17", "end": "00:33:22", "text": "question. Why do they store more than 1%"}, {"start": "00:33:19", "end": "00:33:24", "text": "and why are they willing to serve it?"}, {"start": "00:33:22", "end": "00:33:27", "text": "Very big question. Mir answer that at"}, {"start": "00:33:24", "end": "00:33:29", "text": "Genesis in 2020 with shard estate. So"}, {"start": "00:33:27", "end": "00:33:33", "text": "guys all in all I think ETH is entering"}, {"start": "00:33:29", "end": "00:33:35", "text": "a more modern era but it's going to be"}, {"start": "00:33:33", "end": "00:33:37", "text": "that there in four years and many chains"}, {"start": "00:33:35", "end": "00:33:39", "text": "are already there. San is already there"}, {"start": "00:33:37", "end": "00:33:42", "text": "near is already there. So yeah, EVM demo"}, {"start": "00:33:39", "end": "00:33:44", "text": "to comp compiler level feature while the"}, {"start": "00:33:42", "end": "00:33:45", "text": "protocol only uses risk v. This is"}, {"start": "00:33:44", "end": "00:33:47", "text": "something they discussed like years ago."}, {"start": "00:33:45", "end": "00:33:50", "text": "I remember guys, you remember in like"}, {"start": "00:33:47", "end": "00:33:53", "text": "2018 2019, we were so excited when we"}, {"start": "00:33:50", "end": "00:33:56", "text": "read about um what was it? Not EVM, but"}, {"start": "00:33:53", "end": "00:33:58", "text": "they wanted to do was exactly like web"}, {"start": "00:33:56", "end": "00:34:00", "text": "assembly. We assembly do you guys"}, {"start": "00:33:58", "end": "00:34:01", "text": "remember web assembly? What happened to"}, {"start": "00:34:00", "end": "00:34:04", "text": "it? Nothing happened to it because they"}, {"start": "00:34:01", "end": "00:34:06", "text": "did L2 and now they are coming back. Now"}, {"start": "00:34:04", "end": "00:34:08", "text": "they're going to do some other compiler."}, {"start": "00:34:06", "end": "00:34:10", "text": "Maybe web assembly which Vitalik calls"}, {"start": "00:34:08", "end": "00:34:12", "text": "his ideal but still far away. That's"}, {"start": "00:34:10", "end": "00:34:14", "text": "wasn't Oh, exactly. Wasom plus Aurora"}, {"start": "00:34:12", "end": "00:34:17", "text": "live on near. Exactly. But I mean to be"}, {"start": "00:34:14", "end": "00:34:20", "text": "fair, Vitalik spoke about Wom back in"}, {"start": "00:34:17", "end": "00:34:21", "text": "2019 18 but then they I don't know. I"}, {"start": "00:34:20", "end": "00:34:24", "text": "mean it's a lost decade for if this is"}, {"start": "00:34:21", "end": "00:34:26", "text": "the lost decade and by the way it's kind"}, {"start": "00:34:24", "end": "00:34:29", "text": "of seen in the price chart also. It's"}, {"start": "00:34:26", "end": "00:34:32", "text": "the lost decade man. Lost decade. What"}, {"start": "00:34:29", "end": "00:34:34", "text": "happened to it? Yeah. Isn't that crazy?"}, {"start": "00:34:32", "end": "00:34:38", "text": "We're here. I mean literally lost five"}, {"start": "00:34:34", "end": "00:34:39", "text": "years at least. It's lost five years and"}, {"start": "00:34:38", "end": "00:34:42", "text": "maybe even lost decade. Let's see the"}, {"start": "00:34:39", "end": "00:34:44", "text": "highs here. Yeah, I mean almost lost"}, {"start": "00:34:42", "end": "00:34:47", "text": "decade here. If we go to one point I"}, {"start": "00:34:44", "end": "00:34:49", "text": "mean you see here. Yeah. So that's that"}, {"start": "00:34:47", "end": "00:34:51", "text": "guys. That's that. Uh let's see if"}, {"start": "00:34:49", "end": "00:34:53", "text": "there's something else to add some more"}, {"start": "00:34:51", "end": "00:34:57", "text": "summaries. Oh yeah this guy this guy"}, {"start": "00:34:53", "end": "00:34:59", "text": "Dank Rod Feist he he's quite experienced"}, {"start": "00:34:57", "end": "00:35:02", "text": "in Exactly. He is a researcher at Temple"}, {"start": "00:34:59", "end": "00:35:05", "text": "Stripe. He says also that three four"}, {"start": "00:35:02", "end": "00:35:08", "text": "years is very slow and then he says we"}, {"start": "00:35:05", "end": "00:35:09", "text": "should code it in one year. I agree. I"}, {"start": "00:35:08", "end": "00:35:12", "text": "agree. I think this is realistically"}, {"start": "00:35:09", "end": "00:35:14", "text": "possible now with LLMs"}, {"start": "00:35:12", "end": "00:35:19", "text": "guys. I don't know if it's good with LLM"}, {"start": "00:35:14", "end": "00:35:22", "text": "here. Maybe it is good with LLM because"}, {"start": "00:35:19", "end": "00:35:24", "text": "especially especially because they do so"}, {"start": "00:35:22", "end": "00:35:27", "text": "much this research on the research"}, {"start": "00:35:24", "end": "00:35:31", "text": "stage. Yes, LM probably good uh"}, {"start": "00:35:27", "end": "00:35:33", "text": "research, you know, ideas, uh"}, {"start": "00:35:31", "end": "00:35:35", "text": "mathematical proofs. I don't know if AI"}, {"start": "00:35:33", "end": "00:35:37", "text": "is good enough now to do mathematical"}, {"start": "00:35:35", "end": "00:35:39", "text": "proof. Before it cannot even tell you"}, {"start": "00:35:37", "end": "00:35:42", "text": "whether you should walk or drive to the"}, {"start": "00:35:39", "end": "00:35:44", "text": "car wash, which is 50 m away. It said it"}, {"start": "00:35:42", "end": "00:35:48", "text": "said one year ago it said walk. It's"}, {"start": "00:35:44", "end": "00:35:50", "text": "just 50 m. Walk to the car wash."}, {"start": "00:35:48", "end": "00:35:53", "text": "You know, you ask a simple question. You"}, {"start": "00:35:50", "end": "00:35:56", "text": "have two three birds on a on a tree. Two"}, {"start": "00:35:53", "end": "00:35:58", "text": "of them flew away. three flew back and"}, {"start": "00:35:56", "end": "00:35:59", "text": "then five disappeared. How many birds"}, {"start": "00:35:58", "end": "00:36:01", "text": "are left? It said like a 100 or"}, {"start": "00:35:59", "end": "00:36:04", "text": "something. So, I don't know if they can"}, {"start": "00:36:01", "end": "00:36:06", "text": "use it for for uh real math, but you"}, {"start": "00:36:04", "end": "00:36:07", "text": "know, to brainstorm, to get stuff in,"}, {"start": "00:36:06", "end": "00:36:10", "text": "maybe it's possible to do in one year. I"}, {"start": "00:36:07", "end": "00:36:12", "text": "don't know. Possibly, possibly. But, uh"}, {"start": "00:36:10", "end": "00:36:13", "text": "you you need someone to double check"}, {"start": "00:36:12", "end": "00:36:14", "text": "each and every single line, especially"}, {"start": "00:36:13", "end": "00:36:16", "text": "if you're going to do formal"}, {"start": "00:36:14", "end": "00:36:18", "text": "verification. See, if they're going to"}, {"start": "00:36:16", "end": "00:36:21", "text": "formally verify each and every single"}, {"start": "00:36:18", "end": "00:36:22", "text": "line, I guess you can do it with AI. I"}, {"start": "00:36:21", "end": "00:36:24", "text": "guess because everything is still"}, {"start": "00:36:22", "end": "00:36:26", "text": "mathematically verified afterwards."}, {"start": "00:36:24", "end": "00:36:28", "text": "Maybe it's possible. Maybe that's how AI"}, {"start": "00:36:26", "end": "00:36:31", "text": "is used. Uh that that'll be pretty"}, {"start": "00:36:28", "end": "00:36:33", "text": "interesting actually. You give AI the"}, {"start": "00:36:31", "end": "00:36:35", "text": "the restriction that hey everything you"}, {"start": "00:36:33", "end": "00:36:37", "text": "do needs to be formally verified. Why"}, {"start": "00:36:35", "end": "00:36:41", "text": "not? Why not? But guys, you just see"}, {"start": "00:36:37", "end": "00:36:44", "text": "here uh Coinbase is sending out fake"}, {"start": "00:36:41", "end": "00:36:46", "text": "alerts, fake news alert. Uh and uh it's"}, {"start": "00:36:44", "end": "00:36:49", "text": "very bad. This is what happens when the"}, {"start": "00:36:46", "end": "00:36:50", "text": "crypto company use AI to generate sports"}, {"start": "00:36:49", "end": "00:36:52", "text": "prediction markets. Coinbase is"}, {"start": "00:36:50", "end": "00:36:54", "text": "hallucinating results for a World Cup"}, {"start": "00:36:52", "end": "00:36:55", "text": "game that hasn't even been played yet"}, {"start": "00:36:54", "end": "00:36:57", "text": "and sending factually incorrect"}, {"start": "00:36:55", "end": "00:36:59", "text": "notifications to its millions of users"}, {"start": "00:36:57", "end": "00:37:00", "text": "as breaking news. Dangerous and"}, {"start": "00:36:59", "end": "00:37:03", "text": "irresponsible. Exactly. I mean, people"}, {"start": "00:37:00", "end": "00:37:04", "text": "see this and then they make trades and"}, {"start": "00:37:03", "end": "00:37:08", "text": "it's very very bad. Very, very bad. So,"}, {"start": "00:37:04", "end": "00:37:10", "text": "AI Yeah. I If it is formally verified,"}, {"start": "00:37:08", "end": "00:37:12", "text": "maybe it's okay. Maybe it's okay. But"}, {"start": "00:37:10", "end": "00:37:14", "text": "guys, welcome everyone who's watching"}, {"start": "00:37:12", "end": "00:37:16", "text": "live. Big shout out to Matt. Big shout"}, {"start": "00:37:14", "end": "00:37:18", "text": "to everyone who is watching here. We're"}, {"start": "00:37:16", "end": "00:37:19", "text": "already 37 minutes in. Holy crap. Time"}, {"start": "00:37:18", "end": "00:37:21", "text": "flies. Time flies. But there are many"}, {"start": "00:37:19", "end": "00:37:24", "text": "updates. There are many updates. Welcome"}, {"start": "00:37:21", "end": "00:37:26", "text": "everyone. As always, as always, if you"}, {"start": "00:37:24", "end": "00:37:28", "text": "want to get access to Bulmania tools, go"}, {"start": "00:37:26", "end": "00:37:31", "text": "to bulmania.com, sign up for the weight"}, {"start": "00:37:28", "end": "00:37:33", "text": "list. Uh we just uh released an email to"}, {"start": "00:37:31", "end": "00:37:36", "text": "everyone on the wait list since last"}, {"start": "00:37:33", "end": "00:37:38", "text": "week's. So if you signed up last week,"}, {"start": "00:37:36", "end": "00:37:40", "text": "you should have a spot now. It's first"}, {"start": "00:37:38", "end": "00:37:41", "text": "come, first serve seeing the email. And"}, {"start": "00:37:40", "end": "00:37:43", "text": "also for all of you who are inside"}, {"start": "00:37:41", "end": "00:37:45", "text": "Bulmania, we shipped something very,"}, {"start": "00:37:43", "end": "00:37:46", "text": "very nice. As you know in Money Scanner,"}, {"start": "00:37:45", "end": "00:37:49", "text": "you see what flips bullish and bearish"}, {"start": "00:37:46", "end": "00:37:52", "text": "in real time. Now, we also added new"}, {"start": "00:37:49", "end": "00:37:53", "text": "filters. So, you see uh coins that are"}, {"start": "00:37:52", "end": "00:37:55", "text": "near all-time high because normally when"}, {"start": "00:37:53", "end": "00:37:56", "text": "something is bullish and goes to"}, {"start": "00:37:55", "end": "00:37:58", "text": "all-time high, it tends to continue"}, {"start": "00:37:56", "end": "00:37:59", "text": "going higher and higher and higher. If"}, {"start": "00:37:58", "end": "00:38:01", "text": "it goes to price discovery, it's very"}, {"start": "00:37:59", "end": "00:38:03", "text": "very very nice. And of course, this"}, {"start": "00:38:01", "end": "00:38:04", "text": "works on stocks, on commodities, on ETS,"}, {"start": "00:38:03", "end": "00:38:06", "text": "this works on any asset. So, you can see"}, {"start": "00:38:04", "end": "00:38:10", "text": "what bullish what recently flipped"}, {"start": "00:38:06", "end": "00:38:12", "text": "bullish and is near all-time high. Also,"}, {"start": "00:38:10", "end": "00:38:13", "text": "you can see things that are near 200"}, {"start": "00:38:12", "end": "00:38:15", "text": "week moving average like Bitcoin for"}, {"start": "00:38:13", "end": "00:38:18", "text": "example. out at 200 book moving average"}, {"start": "00:38:15", "end": "00:38:20", "text": "both stocks and crypto and everything."}, {"start": "00:38:18", "end": "00:38:24", "text": "It's a a good fair value. It's good fair"}, {"start": "00:38:20", "end": "00:38:26", "text": "value. Uh and to see in real time all of"}, {"start": "00:38:24", "end": "00:38:27", "text": "the assets in the world at 200 moving"}, {"start": "00:38:26", "end": "00:38:29", "text": "average. Then you can also add hey also"}, {"start": "00:38:27", "end": "00:38:31", "text": "give me only those that are near 200"}, {"start": "00:38:29", "end": "00:38:33", "text": "moving average that also just turned"}, {"start": "00:38:31", "end": "00:38:35", "text": "bullish off. It's you know chef's kiss."}, {"start": "00:38:33", "end": "00:38:37", "text": "Chef's kiss. Imagine having it in the"}, {"start": "00:38:35", "end": "00:38:40", "text": "bull market. Holy cra. In the bull"}, {"start": "00:38:37", "end": "00:38:44", "text": "market, it's"}, {"start": "00:38:40", "end": "00:38:46", "text": "it's like it's harder to not make money"}, {"start": "00:38:44", "end": "00:38:48", "text": "than to make money with it. Yeah. Like"}, {"start": "00:38:46", "end": "00:38:50", "text": "with this, you really have to work hard"}, {"start": "00:38:48", "end": "00:38:53", "text": "to not make money. I mean, that that"}, {"start": "00:38:50", "end": "00:38:55", "text": "that's the kind of system it is. Is it's"}, {"start": "00:38:53", "end": "00:38:58", "text": "super powerful. It's it's insane. It's"}, {"start": "00:38:55", "end": "00:39:00", "text": "actually is insane. But but to use it,"}, {"start": "00:38:58", "end": "00:39:02", "text": "you need education. Go to boommy.com."}, {"start": "00:39:00", "end": "00:39:04", "text": "Watch about mechanical rules. Sign up"}, {"start": "00:39:02", "end": "00:39:06", "text": "for the email uh here, the the weight"}, {"start": "00:39:04", "end": "00:39:08", "text": "list. Do it as soon as possible. And"}, {"start": "00:39:06", "end": "00:39:11", "text": "then uh when we have response, we're"}, {"start": "00:39:08", "end": "00:39:13", "text": "going to um email you the strategy call"}, {"start": "00:39:11", "end": "00:39:15", "text": "the to jump on with our team to do"}, {"start": "00:39:13", "end": "00:39:17", "text": "strategy call. So do that. And on this"}, {"start": "00:39:15", "end": "00:39:19", "text": "note guys, let's move to the next to the"}, {"start": "00:39:17", "end": "00:39:20", "text": "next piece we have a lot guys. So we"}, {"start": "00:39:19", "end": "00:39:22", "text": "we're leaving guys. We're leaving"}, {"start": "00:39:20", "end": "00:39:25", "text": "Vitalik and his update behind to"}, {"start": "00:39:22", "end": "00:39:29", "text": "summarize to summarize good"}, {"start": "00:39:25", "end": "00:39:31", "text": "more than bad good but it's slow. It's"}, {"start": "00:39:29", "end": "00:39:33", "text": "uh I don't know if they checked with any"}, {"start": "00:39:31", "end": "00:39:34", "text": "who's anyone who's going to use the end"}, {"start": "00:39:33", "end": "00:39:36", "text": "product if they need all of that for"}, {"start": "00:39:34", "end": "00:39:38", "text": "privacy. I agree. privacy and quantum."}, {"start": "00:39:36", "end": "00:39:40", "text": "Amazing. Everything else, I don't know."}, {"start": "00:39:38", "end": "00:39:41", "text": "I don't know. Let's see. Let's see."}, {"start": "00:39:40", "end": "00:39:44", "text": "Let's see what's going what's going to"}, {"start": "00:39:41", "end": "00:39:45", "text": "happen. Okay. Uh Robin Hood, what's"}, {"start": "00:39:44", "end": "00:39:49", "text": "happening? They're going to do aic"}, {"start": "00:39:45", "end": "00:39:50", "text": "crypto stuff. Let's see in their wallet."}, {"start": "00:39:49", "end": "00:39:52", "text": "Let's see what they say."}, {"start": "00:39:50", "end": "00:39:55", "text": ">> We're announcing the launch of Agentic"}, {"start": "00:39:52", "end": "00:39:57", "text": "accounts for crypto trading. Now"}, {"start": "00:39:55", "end": "00:40:01", "text": ">> guys, if the agent is going to be fed"}, {"start": "00:39:57", "end": "00:40:03", "text": "fake news from Coinbase AI that uh"}, {"start": "00:40:01", "end": "00:40:05", "text": "Brazil, let's say, won over Norway,"}, {"start": "00:40:03", "end": "00:40:06", "text": "which they didn't do, this is bad, man."}, {"start": "00:40:05", "end": "00:40:08", "text": "This is bad. I mean, imagine all the"}, {"start": "00:40:06", "end": "00:40:10", "text": "hallucination uh that that that's going"}, {"start": "00:40:08", "end": "00:40:12", "text": "to happen here. But I'm actually bullish"}, {"start": "00:40:10", "end": "00:40:13", "text": "overall. I mean, overall is more good"}, {"start": "00:40:12", "end": "00:40:15", "text": "than bad, but you just have to be"}, {"start": "00:40:13", "end": "00:40:16", "text": "careful a bit in the coming years"}, {"start": "00:40:15", "end": "00:40:17", "text": "because we're still early on. You're"}, {"start": "00:40:16", "end": "00:40:20", "text": "early adopter here."}, {"start": "00:40:17", "end": "00:40:22", "text": ">> Why is this important? As I'm speaking"}, {"start": "00:40:20", "end": "00:40:25", "text": "on the screens, you're seeing just an"}, {"start": "00:40:22", "end": "00:40:28", "text": "example of the pricing data, news, order"}, {"start": "00:40:25", "end": "00:40:30", "text": "book for Bitcoin that could happen over"}, {"start": "00:40:28", "end": "00:40:32", "text": "the course of just a few minutes."}, {"start": "00:40:30", "end": "00:40:34", "text": "Institutional giants have the ability to"}, {"start": "00:40:32", "end": "00:40:36", "text": "use algorithms and rooms full of"}, {"start": "00:40:34", "end": "00:40:40", "text": "analysts to scan all of these data"}, {"start": "00:40:36", "end": "00:40:42", "text": "points 24/7. But the reality is no"}, {"start": "00:40:40", "end": "00:40:44", "text": "single trader has the bandwidth to"}, {"start": "00:40:42", "end": "00:40:48", "text": "process this volume of data and have the"}, {"start": "00:40:44", "end": "00:40:51", "text": "same advantage. However, where humans"}, {"start": "00:40:48", "end": "00:40:53", "text": "drown, that's where agents thrive with"}, {"start": "00:40:51", "end": "00:40:55", "text": "the launch of the Robin Hood."}, {"start": "00:40:53", "end": "00:40:58", "text": ">> Yeah. Anyway, you see then what the hell"}, {"start": "00:40:55", "end": "00:41:03", "text": "is this aesthetic mile?"}, {"start": "00:40:58", "end": "00:41:06", "text": "Wow. I mean this beautiful Vlad"}, {"start": "00:41:03", "end": "00:41:10", "text": "is here. There's another Vlad. What is"}, {"start": "00:41:06", "end": "00:41:10", "text": "his name from Romania? Impaler."}, {"start": "00:41:12", "end": "00:41:16", "text": "Is that aesthetic?"}, {"start": "00:41:14", "end": "00:41:17", "text": "Could be like that. You go to"}, {"start": "00:41:16", "end": "00:41:21", "text": "Transylvania."}, {"start": "00:41:17", "end": "00:41:23", "text": "Transylvania to check on Robin Hood."}, {"start": "00:41:21", "end": "00:41:26", "text": "Anyway, so Aentic. Aentic. Aentic."}, {"start": "00:41:23", "end": "00:41:27", "text": "Impaler. Exactly. Exactly. But he's from"}, {"start": "00:41:26", "end": "00:41:28", "text": "Bulgaria. This one. This blood is from"}, {"start": "00:41:27", "end": "00:41:30", "text": "Bulgaria."}, {"start": "00:41:28", "end": "00:41:31", "text": "But it's kind of the same vibe. Kind of"}, {"start": "00:41:30", "end": "00:41:32", "text": "the same vibe. But I love it. I love it."}, {"start": "00:41:31", "end": "00:41:35", "text": "I mean, very nice. Very nice. Instead of"}, {"start": "00:41:32", "end": "00:41:37", "text": "doing this another copy of Apple, people"}, {"start": "00:41:35", "end": "00:41:38", "text": "pretend to be team Apple, team Cook,"}, {"start": "00:41:37", "end": "00:41:41", "text": "Steve Jobs. They do all of this, you"}, {"start": "00:41:38", "end": "00:41:43", "text": "know, Appleike presentations. Let's do"}, {"start": "00:41:41", "end": "00:41:45", "text": "freaking Transylvania. Transylvania."}, {"start": "00:41:43", "end": "00:41:49", "text": "Fantastic. Anyway, big shout out. Next."}, {"start": "00:41:45", "end": "00:41:51", "text": "Next. Next. Uh Saul. Soul was on ESPN."}, {"start": "00:41:49", "end": "00:41:55", "text": "No one cares. But here's what people"}, {"start": "00:41:51", "end": "00:41:56", "text": "care. Is hit 3.6 billion all-time high"}, {"start": "00:41:55", "end": "00:41:59", "text": "when it comes to real world asset."}, {"start": "00:41:56", "end": "00:42:00", "text": "That's good. Uh, stable coin cross 200"}, {"start": "00:41:59", "end": "00:42:02", "text": "million in a few weeks. That's good. So,"}, {"start": "00:42:00", "end": "00:42:04", "text": "see, I like this. Focus on the end"}, {"start": "00:42:02", "end": "00:42:05", "text": "result. Focus on the end result. Focus"}, {"start": "00:42:04", "end": "00:42:06", "text": "on the products. Focus on what's"}, {"start": "00:42:05", "end": "00:42:08", "text": "happening. I like this. I don't like"}, {"start": "00:42:06", "end": "00:42:11", "text": "discussing like stark, snark, and some"}, {"start": "00:42:08", "end": "00:42:14", "text": "other tech fugazi. Okay? Focus on this."}, {"start": "00:42:11", "end": "00:42:15", "text": "Okay? This is prediction market. Bam."}, {"start": "00:42:14", "end": "00:42:18", "text": "This is this, this is that. Focus on the"}, {"start": "00:42:15", "end": "00:42:19", "text": "end client. Not oh, we're going to three"}, {"start": "00:42:18", "end": "00:42:22", "text": "in three years. We're going to have"}, {"start": "00:42:19", "end": "00:42:25", "text": "snark and stark and we're going to store"}, {"start": "00:42:22", "end": "00:42:26", "text": "state. But it's like 2017 level"}, {"start": "00:42:25", "end": "00:42:28", "text": "discussion. How state is stored? It"}, {"start": "00:42:26", "end": "00:42:30", "text": "doesn't matter. Everyone has passed"}, {"start": "00:42:28", "end": "00:42:33", "text": "that. Everyone has passed that. We know"}, {"start": "00:42:30", "end": "00:42:35", "text": "how to store state is fast. Look at the"}, {"start": "00:42:33", "end": "00:42:38", "text": "look at the end result. You need to look"}, {"start": "00:42:35", "end": "00:42:40", "text": "at the end result. Tokenized asset spot"}, {"start": "00:42:38", "end": "00:42:44", "text": "volume grew from 2.69"}, {"start": "00:42:40", "end": "00:42:45", "text": "billion in Q1 to 5.7 billion in Q2. This"}, {"start": "00:42:44", "end": "00:42:47", "text": "is the kind of stuff. This is the kind"}, {"start": "00:42:45", "end": "00:42:49", "text": "of stuff. How this snark and stark is"}, {"start": "00:42:47", "end": "00:42:52", "text": "going to bring it to E, I don't know,"}, {"start": "00:42:49", "end": "00:42:54", "text": "but uh it better do. Okay."}, {"start": "00:42:52", "end": "00:42:55", "text": "uh answer isometric returns come from"}, {"start": "00:42:54", "end": "00:42:57", "text": "taking risk before ideas become"}, {"start": "00:42:55", "end": "00:42:59", "text": "consensus sold down 75% from heights"}, {"start": "00:42:57", "end": "00:43:00", "text": "with meaningful developments across the"}, {"start": "00:42:59", "end": "00:43:03", "text": "ecosystem will be obvious in hindsight I"}, {"start": "00:43:00", "end": "00:43:05", "text": "disagree because it's down 70% it can"}, {"start": "00:43:03", "end": "00:43:07", "text": "still go down another 70%. I'm not"}, {"start": "00:43:05", "end": "00:43:11", "text": "buying it before it goes to 30 or it"}, {"start": "00:43:07", "end": "00:43:13", "text": "goes to bull trend at 93. Uh this is uh"}, {"start": "00:43:11", "end": "00:43:15", "text": "guys you know my my stance this is very"}, {"start": "00:43:13", "end": "00:43:17", "text": "dangerous way of thinking and while from"}, {"start": "00:43:15", "end": "00:43:18", "text": "a product perspective I love Sana and"}, {"start": "00:43:17", "end": "00:43:20", "text": "what they're doing from a price"}, {"start": "00:43:18", "end": "00:43:22", "text": "perspective it's very bad still I'm very"}, {"start": "00:43:20", "end": "00:43:24", "text": "bullish when it goes to bull trend or to"}, {"start": "00:43:22", "end": "00:43:27", "text": "30 but to say that it's cheap just"}, {"start": "00:43:24", "end": "00:43:29", "text": "because it went 75% down and has tech"}, {"start": "00:43:27", "end": "00:43:31", "text": "improvements is wrong because you know"}, {"start": "00:43:29", "end": "00:43:33", "text": "the case study the case study from last"}, {"start": "00:43:31", "end": "00:43:36", "text": "uh bare market it went down here from"}, {"start": "00:43:33", "end": "00:43:39", "text": "the peak it went down how much here it"}, {"start": "00:43:36", "end": "00:43:44", "text": "went down 75% and then uh It went down"}, {"start": "00:43:39", "end": "00:43:46", "text": "from here to the bottom another 90%."}, {"start": "00:43:44", "end": "00:43:47", "text": "So yeah, I'm not buying it. I'm not"}, {"start": "00:43:46", "end": "00:43:51", "text": "buying you guys. Uh being, you know, in"}, {"start": "00:43:47", "end": "00:43:53", "text": "all coins, guys, um 75% from the highs"}, {"start": "00:43:51", "end": "00:43:56", "text": "is not cheap. It's kind of uh expensive"}, {"start": "00:43:53", "end": "00:43:58", "text": "still. Okay, it can easily go down"}, {"start": "00:43:56", "end": "00:43:59", "text": "another 80%. Easy, easy. I'm not saying"}, {"start": "00:43:58", "end": "00:44:02", "text": "that it will. I mean, and I agree they"}, {"start": "00:43:59", "end": "00:44:03", "text": "do have great as a product is way better"}, {"start": "00:44:02", "end": "00:44:05", "text": "than ETH. ETH is still I mean, they're"}, {"start": "00:44:03", "end": "00:44:06", "text": "trying to figure out they're going to do"}, {"start": "00:44:05", "end": "00:44:08", "text": "stark or snark or what are they going to"}, {"start": "00:44:06", "end": "00:44:10", "text": "do and it's going to take five years,"}, {"start": "00:44:08", "end": "00:44:13", "text": "etc. So as soon as soon as they go bull"}, {"start": "00:44:10", "end": "00:44:16", "text": "fantastic happy day very very happy day"}, {"start": "00:44:13", "end": "00:44:19", "text": "now not happy day still for the price"}, {"start": "00:44:16", "end": "00:44:21", "text": "still bare still kind of retesting this"}, {"start": "00:44:19", "end": "00:44:23", "text": "uh uh support as resistance and likely"}, {"start": "00:44:21", "end": "00:44:25", "text": "going to go lower but if it goes to bull"}, {"start": "00:44:23", "end": "00:44:28", "text": "trend we're bullish at 93 good good"}, {"start": "00:44:25", "end": "00:44:29", "text": "we're going to go to 300 to 1k we're"}, {"start": "00:44:28", "end": "00:44:31", "text": "going to go very high when it goes to"}, {"start": "00:44:29", "end": "00:44:33", "text": "bull trend now it's still bare trend"}, {"start": "00:44:31", "end": "00:44:35", "text": "that's it that's it anyone knows is the"}, {"start": "00:44:33", "end": "00:44:37", "text": "most used chain but did you know we do"}, {"start": "00:44:35", "end": "00:44:41", "text": "62 5% of all bushing transactions yes"}, {"start": "00:44:37", "end": "00:44:44", "text": "that's also Good, good, good. Uh, now AI"}, {"start": "00:44:41", "end": "00:44:46", "text": "guys, AI, AI, uh, very interesting. Uh,"}, {"start": "00:44:44", "end": "00:44:49", "text": "Alex Karp doubling down that AI is for"}, {"start": "00:44:46", "end": "00:44:51", "text": "guys in the existing form or more"}, {"start": "00:44:49", "end": "00:44:52", "text": "correctly, I mean AI is great, but the"}, {"start": "00:44:51", "end": "00:44:54", "text": "companies, the companies behind AI,"}, {"start": "00:44:52", "end": "00:44:56", "text": "OpenAI and Anthropic, the way they"}, {"start": "00:44:54", "end": "00:44:58", "text": "promote, the way they do business is not"}, {"start": "00:44:56", "end": "00:45:00", "text": "scalable and it's not going to work out"}, {"start": "00:44:58", "end": "00:45:03", "text": "for the long term because they steal"}, {"start": "00:45:00", "end": "00:45:05", "text": "your IP and they sell you expensive"}, {"start": "00:45:03", "end": "00:45:07", "text": "tokens. This is what Alex Harp is"}, {"start": "00:45:05", "end": "00:45:10", "text": "saying. anthropic and openi give no"}, {"start": "00:45:07", "end": "00:45:13", "text": "value and take your IP. I I man I find"}, {"start": "00:45:10", "end": "00:45:15", "text": "it fascinating fascinating because okay"}, {"start": "00:45:13", "end": "00:45:18", "text": "you have all of these models which are"}, {"start": "00:45:15", "end": "00:45:20", "text": "great and now there's a bit of a fight"}, {"start": "00:45:18", "end": "00:45:21", "text": "who is going to own the client who's"}, {"start": "00:45:20", "end": "00:45:23", "text": "going to own the client is going to be"}, {"start": "00:45:21", "end": "00:45:25", "text": "the AI uh labs that are going to own the"}, {"start": "00:45:23", "end": "00:45:28", "text": "client or is going to be all of the"}, {"start": "00:45:25", "end": "00:45:30", "text": "implementers let's say Alex carp I mean"}, {"start": "00:45:28", "end": "00:45:33", "text": "for him it's good if nation states uh"}, {"start": "00:45:30", "end": "00:45:36", "text": "tell him to install local AI instead of"}, {"start": "00:45:33", "end": "00:45:40", "text": "plugging in anthropic or open AI so it"}, {"start": "00:45:36", "end": "00:45:43", "text": "is interesting how yeah how this is"}, {"start": "00:45:40", "end": "00:45:45", "text": "playing out and that this innovation"}, {"start": "00:45:43", "end": "00:45:46", "text": "with AI which is great it's not as great"}, {"start": "00:45:45", "end": "00:45:48", "text": "as it's marketed but it's super great"}, {"start": "00:45:46", "end": "00:45:53", "text": "anyway but but guys again it's marketed"}, {"start": "00:45:48", "end": "00:45:54", "text": "so insane so insanely that uh there's no"}, {"start": "00:45:53", "end": "00:45:57", "text": "way reality can match it look here"}, {"start": "00:45:54", "end": "00:45:59", "text": "Nvidia CEO is saying that you need"}, {"start": "00:45:57", "end": "00:46:02", "text": "another 100red billion to build like"}, {"start": "00:45:59", "end": "00:46:06", "text": "some AI factory I mean you know Shamath"}, {"start": "00:46:02", "end": "00:46:08", "text": "is saying the price of poker is going up"}, {"start": "00:46:06", "end": "00:46:09", "text": "okay it's a bit of a poker because no"}, {"start": "00:46:08", "end": "00:46:11", "text": "one can say, \"Hey guys, we're we"}, {"start": "00:46:09", "end": "00:46:13", "text": "overinvested a bit here. We don't know"}, {"start": "00:46:11", "end": "00:46:15", "text": "how we're going to get revenue for all"}, {"start": "00:46:13", "end": "00:46:17", "text": "of this.\" I mean, the end client has to"}, {"start": "00:46:15", "end": "00:46:19", "text": "pay at the end of the day. Now, all of"}, {"start": "00:46:17", "end": "00:46:21", "text": "these cheap companies, they have good"}, {"start": "00:46:19", "end": "00:46:24", "text": "revenues and everything. And to be"}, {"start": "00:46:21", "end": "00:46:25", "text": "clear, I'm bullish AI stocks now. Why?"}, {"start": "00:46:24", "end": "00:46:27", "text": "Because they're in bull trend. Uh, at"}, {"start": "00:46:25", "end": "00:46:30", "text": "least some of them. Many of them are now"}, {"start": "00:46:27", "end": "00:46:31", "text": "in bare trend. But, uh, uh, you have, by"}, {"start": "00:46:30", "end": "00:46:33", "text": "the way, you have to be careful here,"}, {"start": "00:46:31", "end": "00:46:36", "text": "guys. Many of them actually go bare"}, {"start": "00:46:33", "end": "00:46:39", "text": "trend. So, Nvidia went bare trend."}, {"start": "00:46:36", "end": "00:46:43", "text": "You have uh Broadcom went bare trend."}, {"start": "00:46:39", "end": "00:46:44", "text": "You have Tesla bare trend. Uh Meta bare"}, {"start": "00:46:43", "end": "00:46:47", "text": "trend. But the ones that are bullish"}, {"start": "00:46:44", "end": "00:46:48", "text": "like Micron, etc. We're still bullish."}, {"start": "00:46:47", "end": "00:46:50", "text": "We're still bullish because they're bull"}, {"start": "00:46:48", "end": "00:46:53", "text": "trend. But you know, at the end of the"}, {"start": "00:46:50", "end": "00:46:56", "text": "day, they get paid from all of these"}, {"start": "00:46:53", "end": "00:46:58", "text": "investments that Meta, Google, all of"}, {"start": "00:46:56", "end": "00:47:00", "text": "the big companies are making into AI. So"}, {"start": "00:46:58", "end": "00:47:02", "text": "they pay the cheap companies. Chip"}, {"start": "00:47:00", "end": "00:47:04", "text": "companies, they pump. They pump because"}, {"start": "00:47:02", "end": "00:47:06", "text": "they have revenue in the pocket. Now"}, {"start": "00:47:04", "end": "00:47:08", "text": "everyone's happy. happy days. That's why"}, {"start": "00:47:06", "end": "00:47:12", "text": "they're the last man standing like"}, {"start": "00:47:08", "end": "00:47:13", "text": "Micron is still bullish. Okay. Uh AMD"}, {"start": "00:47:12", "end": "00:47:15", "text": "still bullish. Everything else turn"}, {"start": "00:47:13", "end": "00:47:17", "text": "bearish like you know the end client"}, {"start": "00:47:15", "end": "00:47:19", "text": "companies they turn bearish but and"}, {"start": "00:47:17", "end": "00:47:21", "text": "Nvidia which is like super over which"}, {"start": "00:47:19", "end": "00:47:23", "text": "was too overhyped. But you see at the"}, {"start": "00:47:21", "end": "00:47:25", "text": "end of the day the these companies that"}, {"start": "00:47:23", "end": "00:47:26", "text": "are investing all these hundreds of"}, {"start": "00:47:25", "end": "00:47:28", "text": "billions they need to get paid from the"}, {"start": "00:47:26", "end": "00:47:30", "text": "end client. The end client has to pay"}, {"start": "00:47:28", "end": "00:47:32", "text": "for it. And where is the end client? the"}, {"start": "00:47:30", "end": "00:47:34", "text": "end client like Alex Karp is saying that"}, {"start": "00:47:32", "end": "00:47:35", "text": "hey it's for guys like give us we're"}, {"start": "00:47:34", "end": "00:47:39", "text": "going to run open source model we're not"}, {"start": "00:47:35", "end": "00:47:40", "text": "going to you know do this uh uh uh AI"}, {"start": "00:47:39", "end": "00:47:42", "text": "lab we're going to run open source we're"}, {"start": "00:47:40", "end": "00:47:43", "text": "going to uh we're not going to use"}, {"start": "00:47:42", "end": "00:47:46", "text": "another thing is that you don't need to"}, {"start": "00:47:43", "end": "00:47:48", "text": "use the frontier models for most use"}, {"start": "00:47:46", "end": "00:47:49", "text": "cases the frontier models are 10 times"}, {"start": "00:47:48", "end": "00:47:52", "text": "more expensive than like the the average"}, {"start": "00:47:49", "end": "00:47:54", "text": "ones that are open source uh but they"}, {"start": "00:47:52", "end": "00:47:55", "text": "don't give 10 times more value they give"}, {"start": "00:47:54", "end": "00:47:57", "text": "maybe a bit more value but not 10 times"}, {"start": "00:47:55", "end": "00:47:59", "text": "so anyway guys it's fascinating stuff"}, {"start": "00:47:57", "end": "00:48:01", "text": "fascinating stuff at the end of the day"}, {"start": "00:47:59", "end": "00:48:03", "text": "this will mean rotation into crypto."}, {"start": "00:48:01", "end": "00:48:04", "text": "Please remember it. We're bullish right"}, {"start": "00:48:03", "end": "00:48:06", "text": "now. Trends are bullish, but it's going"}, {"start": "00:48:04", "end": "00:48:10", "text": "to rotate so hard. It's kind of all the"}, {"start": "00:48:06", "end": "00:48:14", "text": "rotating. Okay. Huge Mark Zuckerberg or"}, {"start": "00:48:10", "end": "00:48:15", "text": "dear Zag admitting Meta's 145 billion a"}, {"start": "00:48:14", "end": "00:48:17", "text": "bet is not paying off. Well, where did"}, {"start": "00:48:15", "end": "00:48:20", "text": "the money go? I can tell you where it"}, {"start": "00:48:17", "end": "00:48:23", "text": "went. It went straight into like Micron"}, {"start": "00:48:20", "end": "00:48:26", "text": "and Intel and AMD. It went straight"}, {"start": "00:48:23", "end": "00:48:28", "text": "there. Okay. So, uh and Meta is now"}, {"start": "00:48:26", "end": "00:48:30", "text": "bearish bare trend. Mark Zuckerberg told"}, {"start": "00:48:28", "end": "00:48:31", "text": "employees that meta a bits haven't come"}, {"start": "00:48:30", "end": "00:48:34", "text": "to fruition yet and the Asian"}, {"start": "00:48:31", "end": "00:48:37", "text": "development has not accelerated uh as"}, {"start": "00:48:34", "end": "00:48:39", "text": "expected. Meta has committed up to 145"}, {"start": "00:48:37", "end": "00:48:42", "text": "billion mostly for a strategy this year"}, {"start": "00:48:39", "end": "00:48:44", "text": "while cutting 10% of the workforce."}, {"start": "00:48:42", "end": "00:48:46", "text": "Zuckerberg said ASP puts strain on the"}, {"start": "00:48:44", "end": "00:48:50", "text": "company. Yeah. And meta stock price"}, {"start": "00:48:46", "end": "00:48:52", "text": "would be higher man."}, {"start": "00:48:50", "end": "00:48:55", "text": "So guys,"}, {"start": "00:48:52", "end": "00:48:57", "text": "if you got laid off because of AI, you"}, {"start": "00:48:55", "end": "00:48:59", "text": "may be getting hired again soon."}, {"start": "00:48:57", "end": "00:49:01", "text": "Because I think people are understanding"}, {"start": "00:48:59", "end": "00:49:04", "text": "the AI models. I mean, they're good."}, {"start": "00:49:01", "end": "00:49:06", "text": "They're good,"}, {"start": "00:49:04", "end": "00:49:08", "text": "but man, they're a bit [�__�] also. I"}, {"start": "00:49:06", "end": "00:49:09", "text": "mean, they're good for some things. It's"}, {"start": "00:49:08", "end": "00:49:11", "text": "it's crazy. It can be the smartest"}, {"start": "00:49:09", "end": "00:49:14", "text": "person in the room and then it does"}, {"start": "00:49:11", "end": "00:49:16", "text": "something retardio. And so, of course,"}, {"start": "00:49:14", "end": "00:49:17", "text": "you you cannot really give it"}, {"start": "00:49:16", "end": "00:49:20", "text": "responsibility. You understand? you"}, {"start": "00:49:17", "end": "00:49:22", "text": "cannot really and the bigger the context"}, {"start": "00:49:20", "end": "00:49:24", "text": "it's it's also the smartest when it when"}, {"start": "00:49:22", "end": "00:49:26", "text": "it when you when it doesn't have any"}, {"start": "00:49:24", "end": "00:49:29", "text": "context you know before it gets big"}, {"start": "00:49:26", "end": "00:49:31", "text": "context as when you have something more"}, {"start": "00:49:29", "end": "00:49:33", "text": "complex let's say a big code base or big"}, {"start": "00:49:31", "end": "00:49:36", "text": "project now it's forgetting things it's"}, {"start": "00:49:33", "end": "00:49:39", "text": "mixing things it's making mistakes and"}, {"start": "00:49:36", "end": "00:49:41", "text": "the hope during the last two years was"}, {"start": "00:49:39", "end": "00:49:43", "text": "that I just temporary you know all of"}, {"start": "00:49:41", "end": "00:49:44", "text": "these things is just temporary now AI"}, {"start": "00:49:43", "end": "00:49:47", "text": "labs are going to solve it but each and"}, {"start": "00:49:44", "end": "00:49:48", "text": "every new model that AI labs release"}, {"start": "00:49:47", "end": "00:49:51", "text": "which cost 10 times more to run. It"}, {"start": "00:49:48", "end": "00:49:52", "text": "needs all this billions 10 100 billion"}, {"start": "00:49:51", "end": "00:49:54", "text": "data center. They they don't solve it."}, {"start": "00:49:52", "end": "00:49:57", "text": "They are just a bit better but nowhere"}, {"start": "00:49:54", "end": "00:49:59", "text": "close to solving the core issue. So I"}, {"start": "00:49:57", "end": "00:50:00", "text": "love AI. AI is going to be great. It's"}, {"start": "00:49:59", "end": "00:50:02", "text": "going to be fantastic but it's overhyped"}, {"start": "00:50:00", "end": "00:50:05", "text": "over marketed and uh we will see a"}, {"start": "00:50:02", "end": "00:50:06", "text": "correction in AI companies bigly to"}, {"start": "00:50:05", "end": "00:50:09", "text": "account for that. It's not really"}, {"start": "00:50:06", "end": "00:50:12", "text": "accounted for. Guys, let me tell you a"}, {"start": "00:50:09", "end": "00:50:15", "text": "bit of a story about a guy in Georgia."}, {"start": "00:50:12", "end": "00:50:19", "text": "He's uh maybe a bit overweight. Uh but"}, {"start": "00:50:15", "end": "00:50:21", "text": "uh look here. In 2012, a college kid in"}, {"start": "00:50:19", "end": "00:50:23", "text": "Georgia found a bug on Silk Road, the"}, {"start": "00:50:21", "end": "00:50:26", "text": "biggest drug market on the market. He"}, {"start": "00:50:23", "end": "00:50:28", "text": "clicked to withdraw five times and got"}, {"start": "00:50:26", "end": "00:50:31", "text": "more Bitcoin than he deposited. He"}, {"start": "00:50:28", "end": "00:50:34", "text": "walked away with f,000 Bitcoin. Okay."}, {"start": "00:50:31", "end": "00:50:36", "text": "Nobody caught him for 10 years. By 2021,"}, {"start": "00:50:34", "end": "00:50:39", "text": "that stash was worth 3.4 billion."}, {"start": "00:50:36", "end": "00:50:42", "text": "Imagine you you want to buy some illegal"}, {"start": "00:50:39", "end": "00:50:45", "text": "substance and then you you walk away"}, {"start": "00:50:42", "end": "00:50:48", "text": "with uh 50,000 Bitcoin because you click"}, {"start": "00:50:45", "end": "00:50:50", "text": "a button a few more times. So uh what"}, {"start": "00:50:48", "end": "00:50:52", "text": "happened? Uh here is what separates him"}, {"start": "00:50:50", "end": "00:50:54", "text": "from every other thief. He did not touch"}, {"start": "00:50:52", "end": "00:50:57", "text": "it. He just let it sit while Bitcoin"}, {"start": "00:50:54", "end": "00:50:59", "text": "ran. When when the Bitcoin cash fork"}, {"start": "00:50:57", "end": "00:51:02", "text": "happened in 2017, he sold the four coins"}, {"start": "00:50:59", "end": "00:51:04", "text": "and bought three 3.5K more Bitcoin with"}, {"start": "00:51:02", "end": "00:51:07", "text": "the process. The stolen pile literally"}, {"start": "00:51:04", "end": "00:51:09", "text": "paid him dividend. I how he solved it"}, {"start": "00:51:07", "end": "00:51:11", "text": "without KYC. Uh it sounds a bit strange"}, {"start": "00:51:09", "end": "00:51:14", "text": "how he solved it on chain. It was not"}, {"start": "00:51:11", "end": "00:51:16", "text": "possible to do on chain. Uh the money"}, {"start": "00:51:14", "end": "00:51:18", "text": "was never his problem. Being alone was"}, {"start": "00:51:16", "end": "00:51:21", "text": "this is the tragic story guys because he"}, {"start": "00:51:18", "end": "00:51:23", "text": "started buying friends private jets to"}, {"start": "00:51:21", "end": "00:51:25", "text": "football games. 10k shopping sprees for"}, {"start": "00:51:23", "end": "00:51:27", "text": "people he barely knew. A lake house with"}, {"start": "00:51:25", "end": "00:51:30", "text": "a stripper pole"}, {"start": "00:51:27", "end": "00:51:32", "text": "man."}, {"start": "00:51:30", "end": "00:51:34", "text": "Okay. Kept 700k in briefcase because he"}, {"start": "00:51:32", "end": "00:51:36", "text": "wanted a case full of money like in the"}, {"start": "00:51:34", "end": "00:51:37", "text": "movies. When anyone asked him where it"}, {"start": "00:51:36", "end": "00:51:40", "text": "came from, he said he mined Bitcoin"}, {"start": "00:51:37", "end": "00:51:42", "text": "early. No one blinked. The lie. The lie"}, {"start": "00:51:40", "end": "00:51:45", "text": "worked because it it could have been"}, {"start": "00:51:42", "end": "00:51:47", "text": "true. Then in 2019, one of those friends"}, {"start": "00:51:45", "end": "00:51:50", "text": "robbed his house, took a briefcase and a"}, {"start": "00:51:47", "end": "00:51:52", "text": "USB drive. And Jeong, which is this"}, {"start": "00:51:50", "end": "00:51:55", "text": "student sitting on 3.4 billion stolen"}, {"start": "00:51:52", "end": "00:51:57", "text": "crypto, panicked and called 911."}, {"start": "00:51:55", "end": "00:51:59", "text": "Told the operator he was having a panic"}, {"start": "00:51:57", "end": "00:52:02", "text": "attack, filed the police report about"}, {"start": "00:51:59", "end": "00:52:05", "text": "the theft of his own stoalled money,"}, {"start": "00:52:02", "end": "00:52:05", "text": "man. Come on, man."}, {"start": "00:52:07", "end": "00:52:12", "text": "That report landed with the IRS who's"}, {"start": "00:52:10", "end": "00:52:14", "text": "been hunting the missing Silk Road coins"}, {"start": "00:52:12", "end": "00:52:16", "text": "for years. A few months later, he moved"}, {"start": "00:52:14", "end": "00:52:19", "text": "$800 worth of Bitcoin through a KYC"}, {"start": "00:52:16", "end": "00:52:21", "text": "exchange. $800 that one transaction"}, {"start": "00:52:19", "end": "00:52:23", "text": "mixed coins from the 2012 hack with a"}, {"start": "00:52:21", "end": "00:52:25", "text": "wallet tied to his real name. So yeah,"}, {"start": "00:52:23", "end": "00:52:28", "text": "undercover agents visit him pretending"}, {"start": "00:52:25", "end": "00:52:30", "text": "to help with his burglary case. He was"}, {"start": "00:52:28", "end": "00:52:32", "text": "so happy someone finally took him"}, {"start": "00:52:30", "end": "00:52:35", "text": "seriously that he opened up his laptop"}, {"start": "00:52:32", "end": "00:52:38", "text": "and showed them 60 million in bit. I"}, {"start": "00:52:35", "end": "00:52:41", "text": "mean guys this is this is what I love"}, {"start": "00:52:38", "end": "00:52:44", "text": "about the early Bitcoin days. All of"}, {"start": "00:52:41", "end": "00:52:46", "text": "these geek guys you know they're not"}, {"start": "00:52:44", "end": "00:52:48", "text": "evil. They're not evil. Uh there was I"}, {"start": "00:52:46", "end": "00:52:50", "text": "mean there was a tragic story also."}, {"start": "00:52:48", "end": "00:52:51", "text": "There are many such stories. I mean this"}, {"start": "00:52:50", "end": "00:52:54", "text": "this is one guy. There was another"}, {"start": "00:52:51", "end": "00:52:56", "text": "tragic story about the first ever crypto"}, {"start": "00:52:54", "end": "00:52:59", "text": "exchange in Sweden. You should I mean"}, {"start": "00:52:56", "end": "00:53:02", "text": "this is like really really OG kind of"}, {"start": "00:52:59", "end": "00:53:04", "text": "lore back in the day. There was a guy he"}, {"start": "00:53:02", "end": "00:53:06", "text": "was like 12 years old or something. Let"}, {"start": "00:53:04", "end": "00:53:07", "text": "me guys if you remember I don't even"}, {"start": "00:53:06", "end": "00:53:09", "text": "remember what his name was or what"}, {"start": "00:53:07", "end": "00:53:12", "text": "exchange he built"}, {"start": "00:53:09", "end": "00:53:14", "text": "but he w he built he was like 15 or"}, {"start": "00:53:12", "end": "00:53:15", "text": "something maybe 12 15 but anyway he"}, {"start": "00:53:14", "end": "00:53:18", "text": "built the first ever crypto exchange in"}, {"start": "00:53:15", "end": "00:53:20", "text": "Sweden. This was maybe 2012 or I mean"}, {"start": "00:53:18", "end": "00:53:23", "text": "this was like long time ago and he was"}, {"start": "00:53:20", "end": "00:53:24", "text": "also yeah 125 something like that. he"}, {"start": "00:53:23", "end": "00:53:26", "text": "start get so much money in the exchange"}, {"start": "00:53:24", "end": "00:53:27", "text": "and the exchange obviously it wasn't"}, {"start": "00:53:26", "end": "00:53:29", "text": "like built properly it was like a"}, {"start": "00:53:27", "end": "00:53:33", "text": "WordPress site with his like all money"}, {"start": "00:53:29", "end": "00:53:35", "text": "went to his wallet uh sadly sadly when"}, {"start": "00:53:33", "end": "00:53:39", "text": "they start to investigate investigate"}, {"start": "00:53:35", "end": "00:53:41", "text": "him he uh yeah he yeah you can you can"}, {"start": "00:53:39", "end": "00:53:43", "text": "read there is there's a sad ending there"}, {"start": "00:53:41", "end": "00:53:45", "text": "he wanted to upload himself to the"}, {"start": "00:53:43", "end": "00:53:47", "text": "blockchain and I mean it's a sad story"}, {"start": "00:53:45", "end": "00:53:48", "text": "it's a sad story it's you should read"}, {"start": "00:53:47", "end": "00:53:50", "text": "him I don't want to say it out loud you"}, {"start": "00:53:48", "end": "00:53:52", "text": "should read him you should read about it"}, {"start": "00:53:50", "end": "00:53:54", "text": "uh maybe someone can tell us the name of"}, {"start": "00:53:52", "end": "00:53:56", "text": "the thing in the comments like the the"}, {"start": "00:53:54", "end": "00:53:58", "text": "exchange that he built in the comment"}, {"start": "00:53:56", "end": "00:54:00", "text": "section, but it's just another one with"}, {"start": "00:53:58", "end": "00:54:04", "text": "you know young guy messing around with"}, {"start": "00:54:00", "end": "00:54:07", "text": "Bitcoin and sadly resulting in sad"}, {"start": "00:54:04", "end": "00:54:09", "text": "outcome in sad outcome. So anyway uh"}, {"start": "00:54:07", "end": "00:54:14", "text": "does that he has some mental issue also."}, {"start": "00:54:09", "end": "00:54:17", "text": "Yeah. So um the raid happened they they"}, {"start": "00:54:14", "end": "00:54:20", "text": "uh found the keys to to his 50k Bitcoin"}, {"start": "00:54:17", "end": "00:54:23", "text": "stash inside the popcorn scene under a"}, {"start": "00:54:20", "end": "00:54:24", "text": "pile of blankets. Okay. Second largest"}, {"start": "00:54:23", "end": "00:54:27", "text": "financial seizure in US government"}, {"start": "00:54:24", "end": "00:54:30", "text": "history. His sentence one day and one"}, {"start": "00:54:27", "end": "00:54:32", "text": "one year and one not not bad. Not bad."}, {"start": "00:54:30", "end": "00:54:35", "text": "Not bad."}, {"start": "00:54:32", "end": "00:54:37", "text": "One year and one day. Not bad. Not bad."}, {"start": "00:54:35", "end": "00:54:40", "text": "SBF got 25 years. Shop liter. Yeah."}, {"start": "00:54:37", "end": "00:54:40", "text": "Yeah."}, {"start": "00:54:41", "end": "00:54:45", "text": "The only victim was a silk road itself."}, {"start": "00:54:44", "end": "00:54:48", "text": "Exactly."}, {"start": "00:54:45", "end": "00:54:51", "text": "Okay. So this one he he lost to a broken"}, {"start": "00:54:48", "end": "00:54:52", "text": "window and a panic attack. Okay, not"}, {"start": "00:54:51", "end": "00:54:55", "text": "bad. Not okay. It's not It's not too"}, {"start": "00:54:52", "end": "00:54:57", "text": "bad. Good ending. Good ending. Good"}, {"start": "00:54:55", "end": "00:55:00", "text": "ending."}, {"start": "00:54:57", "end": "00:55:03", "text": "I mean, listen, likely maybe he has a"}, {"start": "00:55:00", "end": "00:55:06", "text": "bit more stored somewhere. I mean, uh"}, {"start": "00:55:03", "end": "00:55:09", "text": "why put everything in popcorn tin? Maybe"}, {"start": "00:55:06", "end": "00:55:13", "text": "put 100 Bitcoin somewhere, you know?"}, {"start": "00:55:09", "end": "00:55:15", "text": "Let's see. Let's see. Okay. Uh next, uh"}, {"start": "00:55:13", "end": "00:55:18", "text": "we have final news, guys. Holy crap,"}, {"start": "00:55:15", "end": "00:55:21", "text": "we're almost at one hour. Time flies. So"}, {"start": "00:55:18", "end": "00:55:25", "text": "you may see on Twitter"}, {"start": "00:55:21", "end": "00:55:27", "text": "a bit of a new scam. A new scam. And uh"}, {"start": "00:55:25", "end": "00:55:29", "text": "exactly people in UK can get more for a"}, {"start": "00:55:27", "end": "00:55:31", "text": "tweet. That's true. That's very true. Uh"}, {"start": "00:55:29", "end": "00:55:33", "text": "but we're not political guys now. Since"}, {"start": "00:55:31", "end": "00:55:36", "text": "uh the beginning of the year, I told"}, {"start": "00:55:33", "end": "00:55:38", "text": "myself no political."}, {"start": "00:55:36", "end": "00:55:40", "text": "You guys uh need to figure it out"}, {"start": "00:55:38", "end": "00:55:42", "text": "without me. This political stuff we're"}, {"start": "00:55:40", "end": "00:55:44", "text": "not we're apolitical. We're only pro"}, {"start": "00:55:42", "end": "00:55:46", "text": "market. Whether you are socialist,"}, {"start": "00:55:44", "end": "00:55:48", "text": "communism, you're pro censorship in UK,"}, {"start": "00:55:46", "end": "00:55:50", "text": "you're welcome here. Listen, let's"}, {"start": "00:55:48", "end": "00:55:51", "text": "discuss Bitcoin. Let's discuss Marcus."}, {"start": "00:55:50", "end": "00:55:54", "text": "I'm apolitical."}, {"start": "00:55:51", "end": "00:55:56", "text": "I'm fully outside the politics. I'm"}, {"start": "00:55:54", "end": "00:55:58", "text": "fully outside the political spectrum, so"}, {"start": "00:55:56", "end": "00:56:02", "text": "to speak. We have left, right, and then"}, {"start": "00:55:58", "end": "00:56:04", "text": "Ivan is a a big blob like I'm all"}, {"start": "00:56:02", "end": "00:56:07", "text": "encompassing. Whether you're left,"}, {"start": "00:56:04", "end": "00:56:10", "text": "right, whatever your opinion is, I'm I'm"}, {"start": "00:56:07", "end": "00:56:12", "text": "Zen mode. Exactly. I'm Zen mode."}, {"start": "00:56:10", "end": "00:56:15", "text": "Politics at the end of the day is for"}, {"start": "00:56:12", "end": "00:56:17", "text": "the plebe. It is entertainment and uh no"}, {"start": "00:56:15", "end": "00:56:19", "text": "not also I mean nowadays politics and"}, {"start": "00:56:17", "end": "00:56:23", "text": "entertainment is to get plebbe involved"}, {"start": "00:56:19", "end": "00:56:27", "text": "in debates and fights. Uh so he spends"}, {"start": "00:56:23", "end": "00:56:29", "text": "time and uh it's uh they can fix all"}, {"start": "00:56:27", "end": "00:56:34", "text": "problems this quick if they wanted."}, {"start": "00:56:29", "end": "00:56:38", "text": "Okay. Okay. Like everything is by design"}, {"start": "00:56:34", "end": "00:56:40", "text": "and uh let's leave it there. And if you"}, {"start": "00:56:38", "end": "00:56:42", "text": "get emotionally involved,"}, {"start": "00:56:40", "end": "00:56:46", "text": "it's also by design. Every like"}, {"start": "00:56:42", "end": "00:56:48", "text": "everything is by design. So the only way"}, {"start": "00:56:46", "end": "00:56:50", "text": "to be outside the system is to remove"}, {"start": "00:56:48", "end": "00:56:53", "text": "your emotion from the system. I'm not"}, {"start": "00:56:50", "end": "00:56:55", "text": "following politic. I'm only crypto only"}, {"start": "00:56:53", "end": "00:56:57", "text": "market only portfolio. That's it. That's"}, {"start": "00:56:55", "end": "00:56:59", "text": "it. It's guys, it's all by design."}, {"start": "00:56:57", "end": "00:57:02", "text": "Everything is by design. Nothing is just"}, {"start": "00:56:59", "end": "00:57:04", "text": "enough. It's it's crazy guys. It's"}, {"start": "00:57:02", "end": "00:57:06", "text": "crazy."}, {"start": "00:57:04", "end": "00:57:09", "text": "I refused to participate in the and you"}, {"start": "00:57:06", "end": "00:57:10", "text": "know we participated bigly. You watch"}, {"start": "00:57:09", "end": "00:57:12", "text": "the streams maybe you know two years ago"}, {"start": "00:57:10", "end": "00:57:15", "text": "one year ago I mean even yeah even one"}, {"start": "00:57:12", "end": "00:57:17", "text": "year ago we were super participating and"}, {"start": "00:57:15", "end": "00:57:20", "text": "covering but now we have checked out we"}, {"start": "00:57:17", "end": "00:57:22", "text": "have transcended to a new level to a new"}, {"start": "00:57:20", "end": "00:57:24", "text": "level but it is true what you say is"}, {"start": "00:57:22", "end": "00:57:26", "text": "also true. Now moving on we say it's"}, {"start": "00:57:24", "end": "00:57:28", "text": "true and we are emotionally not involved"}, {"start": "00:57:26", "end": "00:57:31", "text": "is true and that's it. Okay so what"}, {"start": "00:57:28", "end": "00:57:32", "text": "happened? Look here uh new new kind of"}, {"start": "00:57:31", "end": "00:57:35", "text": "scam on Twitter. You may see seed"}, {"start": "00:57:32", "end": "00:57:37", "text": "phrases just being posted kind of like"}, {"start": "00:57:35", "end": "00:57:42", "text": "by mistake. Someone posts a seed phrase"}, {"start": "00:57:37", "end": "00:57:45", "text": "and you think it is by mistake. Okay."}, {"start": "00:57:42", "end": "00:57:47", "text": "And you try to take the money which they"}, {"start": "00:57:45", "end": "00:57:48", "text": "want and they expect you to send some"}, {"start": "00:57:47", "end": "00:57:50", "text": "money for gas. The moment you do that"}, {"start": "00:57:48", "end": "00:57:54", "text": "they sweep everything including your"}, {"start": "00:57:50", "end": "00:57:56", "text": "gas. Exactly. So there is no free lunch."}, {"start": "00:57:54", "end": "00:57:58", "text": "There's no free lunch."}, {"start": "00:57:56", "end": "00:58:00", "text": "That's that."}, {"start": "00:57:58", "end": "00:58:03", "text": "So guys on this note let's go to off."}, {"start": "00:58:00", "end": "00:58:05", "text": "We're at 57 minutes, guys. Let's end it"}, {"start": "00:58:03", "end": "00:58:06", "text": "here. Tomorrow we're going to do Q&A."}, {"start": "00:58:05", "end": "00:58:09", "text": "Today, how how it was so much news"}, {"start": "00:58:06", "end": "00:58:11", "text": "today. I want to keep it below 1 hour."}, {"start": "00:58:09", "end": "00:58:14", "text": "Um, people click more if it's below 1"}, {"start": "00:58:11", "end": "00:58:16", "text": "hour. I can just tell you one thing. Uh,"}, {"start": "00:58:14", "end": "00:58:18", "text": "go to boom.com, sign up for weight list."}, {"start": "00:58:16", "end": "00:58:19", "text": "Very important. Uh, if you want to get"}, {"start": "00:58:18", "end": "00:58:20", "text": "access to the mine line, the minus"}, {"start": "00:58:19", "end": "00:58:22", "text": "scanner, all the good jazz that we"}, {"start": "00:58:20", "end": "00:58:24", "text": "normally speak about here, the the"}, {"start": "00:58:22", "end": "00:58:26", "text": "onchain, this definitely not on chain,"}, {"start": "00:58:24", "end": "00:58:28", "text": "the on the chart indicator that you see"}, {"start": "00:58:26", "end": "00:58:30", "text": "on the chart. Onchain. I have a lot of"}, {"start": "00:58:28", "end": "00:58:33", "text": "opinion on chain. basically it does not"}, {"start": "00:58:30", "end": "00:58:35", "text": "work. Uh you have indicator on the"}, {"start": "00:58:33", "end": "00:58:37", "text": "chart, you have uh all the other stuff"}, {"start": "00:58:35", "end": "00:58:39", "text": "with education, money scanner, etc.,"}, {"start": "00:58:37", "end": "00:58:40", "text": "etc. Big shout out to Matt for being in"}, {"start": "00:58:39", "end": "00:58:42", "text": "the chat. Big shout out for everyone"}, {"start": "00:58:40", "end": "00:58:45", "text": "here being in the chat. Also, smash up"}, {"start": "00:58:42", "end": "00:58:47", "text": "the like, subscribe. Hope you enjoyed."}, {"start": "00:58:45", "end": "00:58:49", "text": "Freaking juicy big stream today and it"}, {"start": "00:58:47", "end": "00:58:51", "text": "was that's why I'm surprised it was"}, {"start": "00:58:49", "end": "00:58:54", "text": "weekend. Normally on Monday, we kind of"}, {"start": "00:58:51", "end": "00:58:56", "text": "uh hang out more. We discuss less news,"}, {"start": "00:58:54", "end": "00:58:58", "text": "but man, it was so many news today. It's"}, {"start": "00:58:56", "end": "00:58:59", "text": "Vitalik news. How How long we discuss"}, {"start": "00:58:58", "end": "00:59:02", "text": "Vitalic? for like 20 minutes or"}, {"start": "00:58:59", "end": "00:59:03", "text": "something. Holy crap. Guys, have a good"}, {"start": "00:59:02", "end": "00:59:06", "text": "day and goodbye. Smash the like."}, {"start": "00:59:03", "end": "00:59:06", "text": "Goodbye. Goodbye. Goodbye."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:03", "end": "00:00:12", "text": "Welcome back for another video."}, {"start": "00:00:09", "end": "00:00:17", "text": "Hope you're all doing well. Hope"}, {"start": "00:00:12", "end": "00:00:20", "text": "everyone out there is doing absolutely"}, {"start": "00:00:17", "end": "00:00:24", "text": "fantastic and that you're all having a"}, {"start": "00:00:20", "end": "00:00:29", "text": "great day. Uh without any further ado,"}, {"start": "00:00:24", "end": "00:00:32", "text": "let's jump right into it. Uh, crypto is"}, {"start": "00:00:29", "end": "00:00:36", "text": "getting slightly weird again and I I"}, {"start": "00:00:32", "end": "00:00:39", "text": "don't know exactly how or why or what"}, {"start": "00:00:36", "end": "00:00:43", "text": "the uh Oh, also right I I just woke up."}, {"start": "00:00:39", "end": "00:00:46", "text": "So, if I sound completely insane, well,"}, {"start": "00:00:43", "end": "00:00:48", "text": "here we are. I don't really know uh what"}, {"start": "00:00:46", "end": "00:00:50", "text": "to tell you. Uh, right. Just woke up."}, {"start": "00:00:48", "end": "00:00:54", "text": "So,"}, {"start": "00:00:50", "end": "00:00:56", "text": "there's like a the last No, this is even"}, {"start": "00:00:54", "end": "00:01:00", "text": "more recent. We've had like an uptick in"}, {"start": "00:00:56", "end": "00:01:02", "text": "optimism in the crypto market again with"}, {"start": "00:01:00", "end": "00:01:06", "text": "tons of market participants announcing"}, {"start": "00:01:02", "end": "00:01:08", "text": "that they are back in the market. We've"}, {"start": "00:01:06", "end": "00:01:10", "text": "seen a number of companies announcing"}, {"start": "00:01:08", "end": "00:01:12", "text": "we're buying more Bitcoin, we're buying"}, {"start": "00:01:10", "end": "00:01:15", "text": "more Ethereum. uh the market looks"}, {"start": "00:01:12", "end": "00:01:18", "text": "stronger than ever, which it does from a"}, {"start": "00:01:15", "end": "00:01:23", "text": "a technical standpoint, not from uh"}, {"start": "00:01:18", "end": "00:01:25", "text": "numbers as far as US dollar wise uh for"}, {"start": "00:01:23", "end": "00:01:28", "text": "market cap, but their levels of adoption"}, {"start": "00:01:25", "end": "00:01:29", "text": "are quite huge."}, {"start": "00:01:28", "end": "00:01:32", "text": "Where the market looks like it's going"}, {"start": "00:01:29", "end": "00:01:34", "text": "to go at some point in the future,"}, {"start": "00:01:32", "end": "00:01:36", "text": "things are structured very well. We're"}, {"start": "00:01:34", "end": "00:01:37", "text": "getting new people in the market all the"}, {"start": "00:01:36", "end": "00:01:40", "text": "time. There's new wallet addresses. More"}, {"start": "00:01:37", "end": "00:01:43", "text": "and more people are buying Bitcoin."}, {"start": "00:01:40", "end": "00:01:46", "text": "you know the whole thing but this is"}, {"start": "00:01:43", "end": "00:01:48", "text": "beginning to morph into some other kind"}, {"start": "00:01:46", "end": "00:01:51", "text": "kind of"}, {"start": "00:01:48", "end": "00:01:54", "text": "entity within the space"}, {"start": "00:01:51", "end": "00:01:57", "text": "uh as the price predictions are not only"}, {"start": "00:01:54", "end": "00:02:00", "text": "I mean we have a lot there's a lot of"}, {"start": "00:01:57", "end": "00:02:02", "text": "there's a lot of crazy stuff that we"}, {"start": "00:02:00", "end": "00:02:06", "text": "have to go over today but between the"}, {"start": "00:02:02", "end": "00:02:08", "text": "actual price predictions there's also"}, {"start": "00:02:06", "end": "00:02:11", "text": "um"}, {"start": "00:02:08", "end": "00:02:14", "text": "this feeling of like"}, {"start": "00:02:11", "end": "00:02:17", "text": "the main people behind these projects."}, {"start": "00:02:14", "end": "00:02:19", "text": "It feels like they know what's coming as"}, {"start": "00:02:17", "end": "00:02:23", "text": "far as like Wall Street and money and"}, {"start": "00:02:19", "end": "00:02:26", "text": "trillions of dollars, yada yada,"}, {"start": "00:02:23", "end": "00:02:28", "text": "and they seem like desperate for as much"}, {"start": "00:02:26", "end": "00:02:30", "text": "attention as they can possibly get."}, {"start": "00:02:28", "end": "00:02:32", "text": "You're you're going to see some of some"}, {"start": "00:02:30", "end": "00:02:35", "text": "of the news is like, \"Oh my gosh,"}, {"start": "00:02:32", "end": "00:02:38", "text": "really? That happened?\" Yeah, there's I"}, {"start": "00:02:35", "end": "00:02:42", "text": "don't know if it's like the the summer"}, {"start": "00:02:38", "end": "00:02:44", "text": "fever pitch kind of thing going on or if"}, {"start": "00:02:42", "end": "00:02:50", "text": "it's just something in the in the wind,"}, {"start": "00:02:44", "end": "00:02:52", "text": "but um alas, uh here we are. So, uh,"}, {"start": "00:02:50", "end": "00:02:57", "text": "first up in"}, {"start": "00:02:52", "end": "00:03:00", "text": "what can only be deemed as very,"}, {"start": "00:02:57", "end": "00:03:01", "text": "very popular news,"}, {"start": "00:03:00", "end": "00:03:03", "text": "[clears throat]"}, {"start": "00:03:01", "end": "00:03:07", "text": "there's now a new thing trying to figure"}, {"start": "00:03:03", "end": "00:03:09", "text": "out where Bitcoin's price floor is. So,"}, {"start": "00:03:07", "end": "00:03:12", "text": "for instance, over time, like it's just"}, {"start": "00:03:09", "end": "00:03:15", "text": "kind of obvious, if you will, that"}, {"start": "00:03:12", "end": "00:03:17", "text": "Bitcoin will probably not go beneath a"}, {"start": "00:03:15", "end": "00:03:20", "text": "certain price."}, {"start": "00:03:17", "end": "00:03:22", "text": "So if Bitcoin's at a,000, Bitcoin's"}, {"start": "00:03:20", "end": "00:03:26", "text": "floor is probably around 200. It will"}, {"start": "00:03:22", "end": "00:03:28", "text": "not go lower than $200. If Bitcoins at"}, {"start": "00:03:26", "end": "00:03:31", "text": "$35,000,"}, {"start": "00:03:28", "end": "00:03:34", "text": "it's not likely"}, {"start": "00:03:31", "end": "00:03:38", "text": "that Bitcoin is going to go beneath"}, {"start": "00:03:34", "end": "00:03:40", "text": "67, $8,000, that kind of thing. So, not"}, {"start": "00:03:38", "end": "00:03:42", "text": "only talking about Bitcoin's price going"}, {"start": "00:03:40", "end": "00:03:45", "text": "up,"}, {"start": "00:03:42", "end": "00:03:49", "text": "there's now a discussion on how low in"}, {"start": "00:03:45", "end": "00:03:51", "text": "the future Bitcoin could possibly go"}, {"start": "00:03:49", "end": "00:03:54", "text": "relative to all the investments and just"}, {"start": "00:03:51", "end": "00:03:56", "text": "how big this market is actually going to"}, {"start": "00:03:54", "end": "00:04:02", "text": "be. And it's the numbers are going to"}, {"start": "00:03:56", "end": "00:04:06", "text": "shock you. Bitcoin's next price floor"}, {"start": "00:04:02", "end": "00:04:08", "text": "could sit far higher than most investors"}, {"start": "00:04:06", "end": "00:04:10", "text": "expect."}, {"start": "00:04:08", "end": "00:04:15", "text": "This is according to Alexander or"}, {"start": "00:04:10", "end": "00:04:18", "text": "Alexandra. There's an R Leette, board"}, {"start": "00:04:15", "end": "00:04:21", "text": "director at a company called Capital B,"}, {"start": "00:04:18", "end": "00:04:25", "text": "one of Europe's most leading Bitcoin"}, {"start": "00:04:21", "end": "00:04:29", "text": "treasury companies. So, for instance,"}, {"start": "00:04:25", "end": "00:04:32", "text": "Bitcoin goes up to $20,000 in 2017,"}, {"start": "00:04:29", "end": "00:04:34", "text": "falls down to around $3,000, some"}, {"start": "00:04:32", "end": "00:04:36", "text": "somewhere around there during all the"}, {"start": "00:04:34", "end": "00:04:39", "text": "panic and all the selling and stuff like"}, {"start": "00:04:36", "end": "00:04:43", "text": "that. Bitcoin's new floor for that cycle"}, {"start": "00:04:39", "end": "00:04:44", "text": "was deemed to be $3,000. There's usually"}, {"start": "00:04:43", "end": "00:04:48", "text": "a a"}, {"start": "00:04:44", "end": "00:04:50", "text": "sentimental a mental price point that"}, {"start": "00:04:48", "end": "00:04:54", "text": "people won't allow something to go lower"}, {"start": "00:04:50", "end": "00:04:56", "text": "than. If you see a house in your"}, {"start": "00:04:54", "end": "00:05:00", "text": "neighborhood that's on sale for 300,000,"}, {"start": "00:04:56", "end": "00:05:02", "text": "400,000, people will go, \"Okay, every"}, {"start": "00:05:00", "end": "00:05:04", "text": "single day, for some reason, the price"}, {"start": "00:05:02", "end": "00:05:07", "text": "keeps going down. It goes down by a good"}, {"start": "00:05:04", "end": "00:05:10", "text": "3 to 4%. No one knows why. It's magic."}, {"start": "00:05:07", "end": "00:05:11", "text": "The price continues to go down. At some"}, {"start": "00:05:10", "end": "00:05:14", "text": "point, if the house is listed at"}, {"start": "00:05:11", "end": "00:05:16", "text": "$50,000,"}, {"start": "00:05:14", "end": "00:05:17", "text": "someone's going to snap it up. They're"}, {"start": "00:05:16", "end": "00:05:20", "text": "not going to sit there and wait for it"}, {"start": "00:05:17", "end": "00:05:22", "text": "to go to 45,000. 50,000 is is low enough"}, {"start": "00:05:20", "end": "00:05:25", "text": "for them.\" That was the house's price"}, {"start": "00:05:22", "end": "00:05:28", "text": "bottom"}, {"start": "00:05:25", "end": "00:05:30", "text": "apparently for Bitcoin. So the the way"}, {"start": "00:05:28", "end": "00:05:32", "text": "that things currently look right now,"}, {"start": "00:05:30", "end": "00:05:36", "text": "and this is me not trying to hype it up,"}, {"start": "00:05:32", "end": "00:05:39", "text": "but we typically see a price floor as"}, {"start": "00:05:36", "end": "00:05:44", "text": "prices are beginning to recover."}, {"start": "00:05:39", "end": "00:05:47", "text": "Everyone understand? So, in essence, if"}, {"start": "00:05:44", "end": "00:05:50", "text": "Bitcoin's price bottom, it won't go, and"}, {"start": "00:05:47", "end": "00:05:54", "text": "I air quote here, won't go any lower"}, {"start": "00:05:50", "end": "00:05:56", "text": "than 59 or $60,000."}, {"start": "00:05:54", "end": "00:06:01", "text": "That basically means it sets itself up"}, {"start": "00:05:56", "end": "00:06:05", "text": "for a movement up to around $400,000."}, {"start": "00:06:01", "end": "00:06:08", "text": "As 60,000 is now B like the new base. If"}, {"start": "00:06:05", "end": "00:06:10", "text": "2,000's the new base, 20,000 is kind of"}, {"start": "00:06:08", "end": "00:06:12", "text": "like the high. If we get to the point"}, {"start": "00:06:10", "end": "00:06:14", "text": "where Bitcoin won't go below 30,000 and"}, {"start": "00:06:12", "end": "00:06:16", "text": "then we hit, you know, 70,000, well,"}, {"start": "00:06:14", "end": "00:06:20", "text": "that's the new Okay, you you're you're"}, {"start": "00:06:16", "end": "00:06:22", "text": "you're understanding. But if that's the"}, {"start": "00:06:20", "end": "00:06:25", "text": "current number for Bitcoin right now,"}, {"start": "00:06:22", "end": "00:06:27", "text": "this means Bitcoin has much higher to"}, {"start": "00:06:25", "end": "00:06:29", "text": "actually move up. Same thing with"}, {"start": "00:06:27", "end": "00:06:31", "text": "Ethereum. If Ethereum won't go below"}, {"start": "00:06:29", "end": "00:06:34", "text": "151,600"}, {"start": "00:06:31", "end": "00:06:37", "text": "and 40, what was it? What what was 4,400"}, {"start": "00:06:34", "end": "00:06:40", "text": "the last price high? That gets us to a"}, {"start": "00:06:37", "end": "00:06:43", "text": "$10,000 Ether quite easily. If we get to"}, {"start": "00:06:40", "end": "00:06:47", "text": "a $10,000 Ethereum, if prices go back"}, {"start": "00:06:43", "end": "00:06:50", "text": "down and we settle around 5500, well"}, {"start": "00:06:47", "end": "00:06:54", "text": "then that's the new price floor."}, {"start": "00:06:50", "end": "00:06:59", "text": "Las points to a specific catalyst. This"}, {"start": "00:06:54", "end": "00:07:03", "text": "one's new. He says digital credit. Okay."}, {"start": "00:06:59", "end": "00:07:06", "text": "a new category of Bitcoinbacked listed"}, {"start": "00:07:03", "end": "00:07:10", "text": "instruments that he says is quietly"}, {"start": "00:07:06", "end": "00:07:15", "text": "reshaping demand for the asset. He said,"}, {"start": "00:07:10", "end": "00:07:18", "text": "and I quote, \"There are 3x more demand"}, {"start": "00:07:15", "end": "00:07:21", "text": "for Bitcoin in the market than the"}, {"start": "00:07:18", "end": "00:07:23", "text": "natural Bitcoin mining supply.\" Okay."}, {"start": "00:07:21", "end": "00:07:26", "text": "describing digital credit as products"}, {"start": "00:07:23", "end": "00:07:29", "text": "that let mainstream investors and Wall"}, {"start": "00:07:26", "end": "00:07:31", "text": "Street access Bitcoin exposure through"}, {"start": "00:07:29", "end": "00:07:36", "text": "doubledigit returns with volatility"}, {"start": "00:07:31", "end": "00:07:38", "text": "below 5 to 10%."}, {"start": "00:07:36", "end": "00:07:40", "text": "He argues the addressable market is"}, {"start": "00:07:38", "end": "00:07:43", "text": "enormous"}, {"start": "00:07:40", "end": "00:07:47", "text": "spanning real estate and equity indices"}, {"start": "00:07:43", "end": "00:07:52", "text": "alike. He said, \"Why would you invest in"}, {"start": "00:07:47", "end": "00:07:56", "text": "the S&P 500 if the S&P 500 is 10 to 15%"}, {"start": "00:07:52", "end": "00:07:58", "text": "performance with 10 to 15% volatility?\""}, {"start": "00:07:56", "end": "00:08:01", "text": "He said, \"When digital credit offers"}, {"start": "00:07:58", "end": "00:08:03", "text": "similar upsides with a fraction of these"}, {"start": "00:08:01", "end": "00:08:05", "text": "swings, and this is also very important"}, {"start": "00:08:03", "end": "00:08:07", "text": "here. This is uh this is what a lot of"}, {"start": "00:08:05", "end": "00:08:10", "text": "people tend to try to do is they want"}, {"start": "00:08:07", "end": "00:08:13", "text": "and I we're going to go over it. this"}, {"start": "00:08:10", "end": "00:08:16", "text": "idea of throwing in a new narrative into"}, {"start": "00:08:13", "end": "00:08:18", "text": "the space as to what Bitcoin needs. I"}, {"start": "00:08:16", "end": "00:08:20", "text": "don't know what digital credit is in"}, {"start": "00:08:18", "end": "00:08:23", "text": "this vantage point, but this is"}, {"start": "00:08:20", "end": "00:08:25", "text": "constantly something and I frame it this"}, {"start": "00:08:23", "end": "00:08:29", "text": "way that the very wealthy in this market"}, {"start": "00:08:25", "end": "00:08:31", "text": "continue to do. Their company usually"}, {"start": "00:08:29", "end": "00:08:33", "text": "makes something, they pass it off as"}, {"start": "00:08:31", "end": "00:08:35", "text": "something that we need that is hyper"}, {"start": "00:08:33", "end": "00:08:38", "text": "legitimate. people get into the market,"}, {"start": "00:08:35", "end": "00:08:40", "text": "it becomes a new item and people go see"}, {"start": "00:08:38", "end": "00:08:42", "text": "it's it's it's the digital credit that's"}, {"start": "00:08:40", "end": "00:08:44", "text": "the thing that people there's another"}, {"start": "00:08:42", "end": "00:08:48", "text": "new story that we're also going to go"}, {"start": "00:08:44", "end": "00:08:52", "text": "over because it's like okay that demand"}, {"start": "00:08:48", "end": "00:08:56", "text": "he said is already visible in corporate"}, {"start": "00:08:52", "end": "00:08:58", "text": "buying Micro Strategy alone bought over"}, {"start": "00:08:56", "end": "00:09:01", "text": "200,000"}, {"start": "00:08:58", "end": "00:09:04", "text": "more Bitcoin in a matter of months this"}, {"start": "00:09:01", "end": "00:09:07", "text": "year according to Lizette calling it"}, {"start": "00:09:04", "end": "00:09:09", "text": "part of a broader wave of institutional"}, {"start": "00:09:07", "end": "00:09:12", "text": "accumulation."}, {"start": "00:09:09", "end": "00:09:16", "text": "Lizette laid out Bitcoin's pattern of"}, {"start": "00:09:12", "end": "00:09:19", "text": "higher lows across cycles."}, {"start": "00:09:16", "end": "00:09:22", "text": "Bitcoin's price floor climbed there we"}, {"start": "00:09:19", "end": "00:09:25", "text": "go from $200"}, {"start": "00:09:22", "end": "00:09:30", "text": "to $15,000."}, {"start": "00:09:25", "end": "00:09:33", "text": "It is now near $50,000 to $60,000."}, {"start": "00:09:30", "end": "00:09:35", "text": "He said probably four to eight years"}, {"start": "00:09:33", "end": "00:09:39", "text": "from now, we'll be talking about the"}, {"start": "00:09:35", "end": "00:09:41", "text": "next Bitcoin bottom at 300,000,"}, {"start": "00:09:39", "end": "00:09:48", "text": "at $800,000,"}, {"start": "00:09:41", "end": "00:09:51", "text": "and at $1 million per coin. That part,"}, {"start": "00:09:48", "end": "00:09:53", "text": "everyone, is not"}, {"start": "00:09:51", "end": "00:09:56", "text": "unlikely."}, {"start": "00:09:53", "end": "00:09:58", "text": "This is why I think we're seeing this"}, {"start": "00:09:56", "end": "00:10:01", "text": "frenzy because we do have price bottoms."}, {"start": "00:09:58", "end": "00:10:04", "text": "We do have numbers where Bitcoin is"}, {"start": "00:10:01", "end": "00:10:07", "text": "actually undervalued. We do have gauges"}, {"start": "00:10:04", "end": "00:10:10", "text": "to be able to measure and say Bitcoin"}, {"start": "00:10:07", "end": "00:10:15", "text": "should be a lot more, but it's usually"}, {"start": "00:10:10", "end": "00:10:17", "text": "reliant on Bitcoin having a really good"}, {"start": "00:10:15", "end": "00:10:20", "text": "bull market. Bitcoin's price going"}, {"start": "00:10:17", "end": "00:10:22", "text": "absolutely insane and then us being able"}, {"start": "00:10:20", "end": "00:10:26", "text": "to say, \"Okay, that's the new floor"}, {"start": "00:10:22", "end": "00:10:28", "text": "bottom.\" This could also be why we tend"}, {"start": "00:10:26", "end": "00:10:32", "text": "to get, I think, some higher numbers. a"}, {"start": "00:10:28", "end": "00:10:35", "text": "lot of times in hopeful expectations"}, {"start": "00:10:32", "end": "00:10:38", "text": "as to where Bitcoin could actually land."}, {"start": "00:10:35", "end": "00:10:42", "text": "So if Bitcoin does"}, {"start": "00:10:38", "end": "00:10:44", "text": "this cycle potentially over the next two"}, {"start": "00:10:42", "end": "00:10:46", "text": "to three years"}, {"start": "00:10:44", "end": "00:10:50", "text": "actually end up moving to half a million"}, {"start": "00:10:46", "end": "00:10:52", "text": "dollar per coin. The new floor bottom is"}, {"start": "00:10:50", "end": "00:10:56", "text": "probably around $200,000 which means"}, {"start": "00:10:52", "end": "00:10:57", "text": "Bitcoin wouldn't go lower than 200K."}, {"start": "00:10:56", "end": "00:11:00", "text": "we'd have a whole another situation"}, {"start": "00:10:57", "end": "00:11:02", "text": "wondering why Bitcoin isn't higher. But"}, {"start": "00:11:00", "end": "00:11:05", "text": "2,000,000"}, {"start": "00:11:02", "end": "00:11:08", "text": "would remain the floor. Basically wiping"}, {"start": "00:11:05", "end": "00:11:11", "text": "out any visibility of $60,000 ever"}, {"start": "00:11:08", "end": "00:11:13", "text": "happening again. Bitcoin goes to"}, {"start": "00:11:11", "end": "00:11:16", "text": "$900,000."}, {"start": "00:11:13", "end": "00:11:18", "text": "Well, 500600,000 is probably ever as low"}, {"start": "00:11:16", "end": "00:11:20", "text": "as people are going to let Bitcoin go."}, {"start": "00:11:18", "end": "00:11:23", "text": "And it kind of just continues in that"}, {"start": "00:11:20", "end": "00:11:25", "text": "cycle. part of the news from Michael"}, {"start": "00:11:23", "end": "00:11:28", "text": "Sailor, from Kathy Wood, from a lot of"}, {"start": "00:11:25", "end": "00:11:31", "text": "these people according to their charts,"}, {"start": "00:11:28", "end": "00:11:35", "text": "and I won't say that it's been"}, {"start": "00:11:31", "end": "00:11:38", "text": "disproven so much as like it needs to be"}, {"start": "00:11:35", "end": "00:11:42", "text": "proven. They have this idea that Bitcoin"}, {"start": "00:11:38", "end": "00:11:44", "text": "just like won't have dramatic falls"}, {"start": "00:11:42", "end": "00:11:47", "text": "anymore. But once again, you can't go"}, {"start": "00:11:44", "end": "00:11:50", "text": "from 125,000"}, {"start": "00:11:47", "end": "00:11:53", "text": "to 59,000 and not have people go, \"Well,"}, {"start": "00:11:50", "end": "00:11:56", "text": "what are you talking about?\" The idea"}, {"start": "00:11:53", "end": "00:11:58", "text": "from them has been that as long as"}, {"start": "00:11:56", "end": "00:12:00", "text": "people are buying, that would absorb a"}, {"start": "00:11:58", "end": "00:12:03", "text": "lot of any kind of selling pressure and"}, {"start": "00:12:00", "end": "00:12:05", "text": "therefore the price wouldn't tumble or"}, {"start": "00:12:03", "end": "00:12:09", "text": "go a lot lower."}, {"start": "00:12:05", "end": "00:12:14", "text": "This is once again more than likely why"}, {"start": "00:12:09", "end": "00:12:17", "text": "we are still probably in a 4-year cycle."}, {"start": "00:12:14", "end": "00:12:19", "text": "Their theory is that the four-year cycle"}, {"start": "00:12:17", "end": "00:12:21", "text": "isn't relevant anymore because less and"}, {"start": "00:12:19", "end": "00:12:24", "text": "less Bitcoin comes out of the machine"}, {"start": "00:12:21", "end": "00:12:27", "text": "and therefore there will be scuffles"}, {"start": "00:12:24", "end": "00:12:29", "text": "over uh the remaining Bitcoin already on"}, {"start": "00:12:27", "end": "00:12:32", "text": "the market that people immediately have"}, {"start": "00:12:29", "end": "00:12:35", "text": "access to as opposed to what's going to"}, {"start": "00:12:32", "end": "00:12:38", "text": "arrive in the year 2084"}, {"start": "00:12:35", "end": "00:12:41", "text": "or something like that. But I think we"}, {"start": "00:12:38", "end": "00:12:44", "text": "have a ways to go and I mean one or two"}, {"start": "00:12:41", "end": "00:12:47", "text": "cycles more. This is why I think 2032 is"}, {"start": "00:12:44", "end": "00:12:49", "text": "actually very important. We could by any"}, {"start": "00:12:47", "end": "00:12:54", "text": "stretch of the imagination actually hit"}, {"start": "00:12:49", "end": "00:12:58", "text": "a $1 million Bitcoin by 2030."}, {"start": "00:12:54", "end": "00:13:00", "text": "However, it's more likely in 2033."}, {"start": "00:12:58", "end": "00:13:01", "text": "Far"}, {"start": "00:13:00", "end": "00:13:05", "text": "more likely"}, {"start": "00:13:01", "end": "00:13:08", "text": "once we actually see that there is then"}, {"start": "00:13:05", "end": "00:13:10", "text": "nothing coming out of the actual machine"}, {"start": "00:13:08", "end": "00:13:12", "text": "like it's just dust. It's just"}, {"start": "00:13:10", "end": "00:13:14", "text": "Satoshi's. I think a lot of the"}, {"start": "00:13:12", "end": "00:13:16", "text": "corporate buying that we're seeing is"}, {"start": "00:13:14", "end": "00:13:19", "text": "very"}, {"start": "00:13:16", "end": "00:13:21", "text": "uh methodical in nature heavily. It you"}, {"start": "00:13:19", "end": "00:13:23", "text": "know they want Bitcoin. Got it. But I"}, {"start": "00:13:21", "end": "00:13:25", "text": "think a lot of what we're seeing and"}, {"start": "00:13:23", "end": "00:13:27", "text": "this is what Micro Strategy needs to"}, {"start": "00:13:25", "end": "00:13:29", "text": "start doing now is just a very"}, {"start": "00:13:27", "end": "00:13:31", "text": "methodical once a month putting a huge"}, {"start": "00:13:29", "end": "00:13:34", "text": "amount of money into the market just to"}, {"start": "00:13:31", "end": "00:13:35", "text": "be able to constantly accumulate because"}, {"start": "00:13:34", "end": "00:13:37", "text": "there will be less. A lot of people"}, {"start": "00:13:35", "end": "00:13:39", "text": "aren't paying attention to the market."}, {"start": "00:13:37", "end": "00:13:42", "text": "you got to keep assembling, you know, in"}, {"start": "00:13:39", "end": "00:13:46", "text": "the background. But there's this kind of"}, {"start": "00:13:42", "end": "00:13:48", "text": "idea that we've been thrown of Bitcoin"}, {"start": "00:13:46", "end": "00:13:51", "text": "this year. I told you in January, I said"}, {"start": "00:13:48", "end": "00:13:53", "text": "by the time we get to June, it should be"}, {"start": "00:13:51", "end": "00:13:55", "text": "relatively obvious where the market's"}, {"start": "00:13:53", "end": "00:13:58", "text": "going to go. So, we're still in a"}, {"start": "00:13:55", "end": "00:14:01", "text": "four-year cycle. Who knows what October"}, {"start": "00:13:58", "end": "00:14:03", "text": "will bring? Who knows if we see large"}, {"start": "00:14:01", "end": "00:14:04", "text": "movements up in price, but as of right"}, {"start": "00:14:03", "end": "00:14:07", "text": "now, we're going through the normal"}, {"start": "00:14:04", "end": "00:14:09", "text": "motions. We're in the normal cycle. It"}, {"start": "00:14:07", "end": "00:14:13", "text": "gives time to people to be able to"}, {"start": "00:14:09", "end": "00:14:16", "text": "accumulate. 2029 prices are skyhigh. You"}, {"start": "00:14:13", "end": "00:14:20", "text": "know, we have done a proper 10, 15, 20x"}, {"start": "00:14:16", "end": "00:14:22", "text": "AC, if not more across multiple large"}, {"start": "00:14:20", "end": "00:14:27", "text": "coins in the market, and that's kind of"}, {"start": "00:14:22", "end": "00:14:30", "text": "what it is. Capital B's own ambitions"}, {"start": "00:14:27", "end": "00:14:33", "text": "reflect that conviction. The company,"}, {"start": "00:14:30", "end": "00:14:36", "text": "good, good luck to them. The company"}, {"start": "00:14:33", "end": "00:14:38", "text": "Capital B is targeting"}, {"start": "00:14:36", "end": "00:14:42", "text": "210,000"}, {"start": "00:14:38", "end": "00:14:48", "text": "Bitcoin, same as everyone else, or 1% of"}, {"start": "00:14:42", "end": "00:14:51", "text": "the total supply by the year 2033,"}, {"start": "00:14:48", "end": "00:14:55", "text": "and recently raised 15 million euros"}, {"start": "00:14:51", "end": "00:14:57", "text": "with the capacity for 99 million more."}, {"start": "00:14:55", "end": "00:15:00", "text": "Funds, lies, etc. are being funneled"}, {"start": "00:14:57", "end": "00:15:03", "text": "directly into digital credit products."}, {"start": "00:15:00", "end": "00:15:07", "text": "The issue ends up being"}, {"start": "00:15:03", "end": "00:15:09", "text": "210,000 is also like a [sighs]"}, {"start": "00:15:07", "end": "00:15:11", "text": "I I did like a honking motion, but that"}, {"start": "00:15:09", "end": "00:15:13", "text": "doesn't make any sense. Every company"}, {"start": "00:15:11", "end": "00:15:15", "text": "keep keeps announcing that they want"}, {"start": "00:15:13", "end": "00:15:19", "text": "210,000 Bitcoin, but they're never going"}, {"start": "00:15:15", "end": "00:15:23", "text": "to get there. You don't get there, and I"}, {"start": "00:15:19", "end": "00:15:25", "text": "for forgive my uh my my French. You do"}, {"start": "00:15:23", "end": "00:15:28", "text": "not get there with a with a $99 million"}, {"start": "00:15:25", "end": "00:15:30", "text": "purchase. You need a huge amount of"}, {"start": "00:15:28", "end": "00:15:32", "text": "capitali to continuously be buying up"}, {"start": "00:15:30", "end": "00:15:34", "text": "large amounts of Bitcoin. It's the same"}, {"start": "00:15:32", "end": "00:15:37", "text": "exact thing with MetaPlanet. They also"}, {"start": "00:15:34", "end": "00:15:39", "text": "want 210,000 Bitcoin. Metanet this year"}, {"start": "00:15:37", "end": "00:15:41", "text": "wants 100,000 Bitcoin. You can't really"}, {"start": "00:15:39", "end": "00:15:43", "text": "get there because if Bitcoin's price"}, {"start": "00:15:41", "end": "00:15:46", "text": "keeps going up, if Bitcoin goes from"}, {"start": "00:15:43", "end": "00:15:48", "text": "60,000 to 120,000, well, you actually"}, {"start": "00:15:46", "end": "00:15:50", "text": "have to double the amount of money that"}, {"start": "00:15:48", "end": "00:15:51", "text": "you're putting into the market. There's"}, {"start": "00:15:50", "end": "00:15:53", "text": "no way that you're going to get to your"}, {"start": "00:15:51", "end": "00:15:56", "text": "goal otherwise. If everyone's talking"}, {"start": "00:15:53", "end": "00:15:59", "text": "about a a $250,000 half a million dollar"}, {"start": "00:15:56", "end": "00:16:02", "text": "Bitcoin, especially by the year 2033"}, {"start": "00:15:59", "end": "00:16:05", "text": "when we could"}, {"start": "00:16:02", "end": "00:16:07", "text": "then have a $1.2 million Bitcoin, well,"}, {"start": "00:16:05", "end": "00:16:09", "text": "guess what? You're going to have to 20x"}, {"start": "00:16:07", "end": "00:16:12", "text": "the money that you're putting in right"}, {"start": "00:16:09", "end": "00:16:15", "text": "now in the future to be able to actually"}, {"start": "00:16:12", "end": "00:16:18", "text": "get there. Awesome. Cool. Fantastic."}, {"start": "00:16:15", "end": "00:16:21", "text": "There's a huge discussion going on as to"}, {"start": "00:16:18", "end": "00:16:25", "text": "like uh where Bitcoin's going and what"}, {"start": "00:16:21", "end": "00:16:28", "text": "prices are going to be. Things look like"}, {"start": "00:16:25", "end": "00:16:30", "text": "they could pan out good for us, not only"}, {"start": "00:16:28", "end": "00:16:33", "text": "going up now and into the future, but as"}, {"start": "00:16:30", "end": "00:16:36", "text": "far as like if we maintain these prices"}, {"start": "00:16:33", "end": "00:16:40", "text": "as like the actual lows. What would be"}, {"start": "00:16:36", "end": "00:16:42", "text": "better is if we established 80 or 90,000"}, {"start": "00:16:40", "end": "00:16:44", "text": "is like that's a new floor. We kept on"}, {"start": "00:16:42", "end": "00:16:46", "text": "trying to go down multiple times. We"}, {"start": "00:16:44", "end": "00:16:48", "text": "would not go down lower than 90. That"}, {"start": "00:16:46", "end": "00:16:53", "text": "sets us up for even higher prices. But"}, {"start": "00:16:48", "end": "00:16:58", "text": "alas, you know, it is what it is. That's"}, {"start": "00:16:53", "end": "00:17:01", "text": "the Bitcoin price bottom news."}, {"start": "00:16:58", "end": "00:17:04", "text": "And yeah,"}, {"start": "00:17:01", "end": "00:17:04", "text": "let's move on."}, {"start": "00:17:05", "end": "00:17:11", "text": "I wish more people spoke this way just"}, {"start": "00:17:08", "end": "00:17:15", "text": "because the exhaustion coming out of my"}, {"start": "00:17:11", "end": "00:17:19", "text": "pipes is is is quite"}, {"start": "00:17:15", "end": "00:17:21", "text": "uh okay. So, as we've been going over,"}, {"start": "00:17:19", "end": "00:17:24", "text": "even with the idea of like digital"}, {"start": "00:17:21", "end": "00:17:26", "text": "credit and all these other things, I"}, {"start": "00:17:24", "end": "00:17:28", "text": "don't know what it is, and I assume it's"}, {"start": "00:17:26", "end": "00:17:31", "text": "usually the industry that a lot of these"}, {"start": "00:17:28", "end": "00:17:33", "text": "people are in. There always has to be"}, {"start": "00:17:31", "end": "00:17:36", "text": "some kind of a narrative. There has to"}, {"start": "00:17:33", "end": "00:17:39", "text": "be some kind of a thing that we need to"}, {"start": "00:17:36", "end": "00:17:42", "text": "latch on to in order to understand that"}, {"start": "00:17:39", "end": "00:17:44", "text": "Bitcoin is going to make it. I usually"}, {"start": "00:17:42", "end": "00:17:47", "text": "assume"}, {"start": "00:17:44", "end": "00:17:49", "text": "a lot of these narratives are built for"}, {"start": "00:17:47", "end": "00:17:52", "text": "retail investors who aren't in the"}, {"start": "00:17:49", "end": "00:17:53", "text": "market who need something to say, well,"}, {"start": "00:17:52", "end": "00:17:55", "text": "that's why Bitcoin's amazing because"}, {"start": "00:17:53", "end": "00:17:58", "text": "they won't do research or look into it"}, {"start": "00:17:55", "end": "00:18:01", "text": "otherwise. when no one really needs to"}, {"start": "00:17:58", "end": "00:18:04", "text": "tell us why real estate is awesome. No"}, {"start": "00:18:01", "end": "00:18:06", "text": "one needs to explain why investors are"}, {"start": "00:18:04", "end": "00:18:08", "text": "accumulating gold. But for billions of"}, {"start": "00:18:06", "end": "00:18:10", "text": "people who aren't in the market, they"}, {"start": "00:18:08", "end": "00:18:12", "text": "don't really understand what"}, {"start": "00:18:10", "end": "00:18:14", "text": "decentralization is. They don't care"}, {"start": "00:18:12", "end": "00:18:16", "text": "until their data is at stake. They don't"}, {"start": "00:18:14", "end": "00:18:18", "text": "really care about the idea of money"}, {"start": "00:18:16", "end": "00:18:19", "text": "moving around the world freely until"}, {"start": "00:18:18", "end": "00:18:23", "text": "their bank account ends up getting"}, {"start": "00:18:19", "end": "00:18:25", "text": "frozen, etc., etc.,"}, {"start": "00:18:23", "end": "00:18:27", "text": "etc."}, {"start": "00:18:25", "end": "00:18:30", "text": "Uh Skybridge Capital founder, his name"}, {"start": "00:18:27", "end": "00:18:35", "text": "is Anthony Scaramucci,"}, {"start": "00:18:30", "end": "00:18:38", "text": "has urged crypto market participants"}, {"start": "00:18:35", "end": "00:18:43", "text": "to stop looking for artificial news"}, {"start": "00:18:38", "end": "00:18:46", "text": "triggers to justify price fluctuations"}, {"start": "00:18:43", "end": "00:18:49", "text": "against the backdrop of a local market"}, {"start": "00:18:46", "end": "00:18:51", "text": "recovery after a deep correction. The"}, {"start": "00:18:49", "end": "00:18:54", "text": "financeier"}, {"start": "00:18:51", "end": "00:18:57", "text": "financier Jesus that's I'm certain that"}, {"start": "00:18:54", "end": "00:19:00", "text": "word is in English. The financeier said"}, {"start": "00:18:57", "end": "00:19:04", "text": "the cryptocurrency has finally outgrown"}, {"start": "00:19:00", "end": "00:19:06", "text": "the need for marketing support. The"}, {"start": "00:19:04", "end": "00:19:09", "text": "article goes on as are many others, but"}, {"start": "00:19:06", "end": "00:19:12", "text": "you get the idea. We don't need a"}, {"start": "00:19:09", "end": "00:19:13", "text": "narrative. They're really exhausting. We"}, {"start": "00:19:12", "end": "00:19:15", "text": "don't need to hear that futures are"}, {"start": "00:19:13", "end": "00:19:17", "text": "amazing. We don't need to hear that the"}, {"start": "00:19:15", "end": "00:19:19", "text": "ETFs are going to save us. We don't need"}, {"start": "00:19:17", "end": "00:19:21", "text": "to hear that Bitcoin's going to have"}, {"start": "00:19:19", "end": "00:19:23", "text": "staking. We don't need to hear that"}, {"start": "00:19:21", "end": "00:19:25", "text": "Bitcoin's going to have this, that we"}, {"start": "00:19:23", "end": "00:19:27", "text": "need to be able to loan out our Bitcoin"}, {"start": "00:19:25", "end": "00:19:30", "text": "and all these other"}, {"start": "00:19:27", "end": "00:19:34", "text": "it's it's so pay. And this is also one"}, {"start": "00:19:30", "end": "00:19:35", "text": "of the things and I'm I'm feeling some"}, {"start": "00:19:34", "end": "00:19:38", "text": "uh"}, {"start": "00:19:35", "end": "00:19:40", "text": "I think I think Cardano is going to have"}, {"start": "00:19:38", "end": "00:19:42", "text": "some rough times in the future. Uh this"}, {"start": "00:19:40", "end": "00:19:44", "text": "is the same exact thing with Cardano"}, {"start": "00:19:42", "end": "00:19:47", "text": "recently announcing like a a brand new"}, {"start": "00:19:44", "end": "00:19:49", "text": "road map and Cardano is going to do this"}, {"start": "00:19:47", "end": "00:19:52", "text": "and it's all these things from 2017 and"}, {"start": "00:19:49", "end": "00:19:54", "text": "2018. They're like we're stuck in the"}, {"start": "00:19:52", "end": "00:19:56", "text": "past"}, {"start": "00:19:54", "end": "00:19:58", "text": "and the only thing I think that will"}, {"start": "00:19:56", "end": "00:20:00", "text": "really get us out of the rut is kind of"}, {"start": "00:19:58", "end": "00:20:04", "text": "like just seeing Bitcoin actually move."}, {"start": "00:20:00", "end": "00:20:05", "text": "And I know that sounds very basic, but"}, {"start": "00:20:04", "end": "00:20:10", "text": "the market is stuck in some kind of a"}, {"start": "00:20:05", "end": "00:20:12", "text": "weird flux where if prices go down, the"}, {"start": "00:20:10", "end": "00:20:15", "text": "answer is usually manipulation."}, {"start": "00:20:12", "end": "00:20:18", "text": "A couple of days ago, I I don't know if"}, {"start": "00:20:15", "end": "00:20:19", "text": "you saw it happening when Micro Strategy"}, {"start": "00:20:18", "end": "00:20:22", "text": "announced that they had sold some"}, {"start": "00:20:19", "end": "00:20:25", "text": "Bitcoin. They sold"}, {"start": "00:20:22", "end": "00:20:27", "text": "what was it like $200 million worth of"}, {"start": "00:20:25", "end": "00:20:29", "text": "Bitcoin. I forgot the exact number, but"}, {"start": "00:20:27", "end": "00:20:30", "text": "the market didn't move down. You know"}, {"start": "00:20:29", "end": "00:20:32", "text": "why?"}, {"start": "00:20:30", "end": "00:20:34", "text": "because a lot of people didn't know that"}, {"start": "00:20:32", "end": "00:20:36", "text": "that news happened."}, {"start": "00:20:34", "end": "00:20:39", "text": "The news would have only reacted or"}, {"start": "00:20:36", "end": "00:20:41", "text": "caused people to react if they had heard"}, {"start": "00:20:39", "end": "00:20:42", "text": "the news, gotten scared, thought that"}, {"start": "00:20:41", "end": "00:20:45", "text": "other people were going to sell, then"}, {"start": "00:20:42", "end": "00:20:47", "text": "the prices would have moved down. Micro"}, {"start": "00:20:45", "end": "00:20:49", "text": "Strategy sold a huge amount of Bitcoin."}, {"start": "00:20:47", "end": "00:20:52", "text": "The price didn't move because we're"}, {"start": "00:20:49", "end": "00:20:55", "text": "constantly told that the prices move"}, {"start": "00:20:52", "end": "00:20:58", "text": "based off of the actions of others."}, {"start": "00:20:55", "end": "00:21:01", "text": "There there's $28 million left of"}, {"start": "00:20:58", "end": "00:21:03", "text": "Bitcoin ETFs. We see that day Bitcoin's"}, {"start": "00:21:01", "end": "00:21:05", "text": "price goes down by 9%. Why? Because"}, {"start": "00:21:03", "end": "00:21:07", "text": "going down is scary. Therefore,"}, {"start": "00:21:05", "end": "00:21:08", "text": "something terrible has to happen. But if"}, {"start": "00:21:07", "end": "00:21:11", "text": "no one pays attention to that, there's"}, {"start": "00:21:08", "end": "00:21:13", "text": "always outflows. There's always inflows."}, {"start": "00:21:11", "end": "00:21:16", "text": "A lot of the price movements are just in"}, {"start": "00:21:13", "end": "00:21:17", "text": "my opinion just hyper manipulation."}, {"start": "00:21:16", "end": "00:21:20", "text": "People trying to get people excited"}, {"start": "00:21:17", "end": "00:21:21", "text": "about the market. New capital moves in."}, {"start": "00:21:20", "end": "00:21:23", "text": "They slam the market down with all of"}, {"start": "00:21:21", "end": "00:21:25", "text": "the coins that they have and therefore"}, {"start": "00:21:23", "end": "00:21:26", "text": "re more retail investors leave. They"}, {"start": "00:21:25", "end": "00:21:28", "text": "tell their friends, \"Don't get into the"}, {"start": "00:21:26", "end": "00:21:30", "text": "market. Don't blah blah blah blah.\" So,"}, {"start": "00:21:28", "end": "00:21:32", "text": "and so and so. only rich people remain."}, {"start": "00:21:30", "end": "00:21:35", "text": "It's a cycle that keeps going over and"}, {"start": "00:21:32", "end": "00:21:38", "text": "over. There's something constantly made"}, {"start": "00:21:35", "end": "00:21:40", "text": "about Bitcoin, about crypto. That's why"}, {"start": "00:21:38", "end": "00:21:44", "text": "the a lot of these coin projects, as"}, {"start": "00:21:40", "end": "00:21:46", "text": "I've been going over for years,"}, {"start": "00:21:44", "end": "00:21:48", "text": "I'm like, they have no purpose. And"}, {"start": "00:21:46", "end": "00:21:50", "text": "people get upset because they bought"}, {"start": "00:21:48", "end": "00:21:52", "text": "into these crappy ass coins years and"}, {"start": "00:21:50", "end": "00:21:55", "text": "years ago and and they can't understand"}, {"start": "00:21:52", "end": "00:22:00", "text": "why because because it has no purpose."}, {"start": "00:21:55", "end": "00:22:03", "text": "You've heard governments and banks"}, {"start": "00:22:00", "end": "00:22:07", "text": "and hedge funds say Bitcoin, Ethereum,"}, {"start": "00:22:03", "end": "00:22:09", "text": "XRP, Salana, and you go, \"Wait, wait,"}, {"start": "00:22:07", "end": "00:22:11", "text": "wait. Cockroachcoin, I I need it. I"}, {"start": "00:22:09", "end": "00:22:13", "text": "really need bottom of the barrel coin."}, {"start": "00:22:11", "end": "00:22:15", "text": "That's the one that I want.\" There's"}, {"start": "00:22:13", "end": "00:22:17", "text": "there's always some kind of like a new"}, {"start": "00:22:15", "end": "00:22:19", "text": "line that you're told to walk down. It's"}, {"start": "00:22:17", "end": "00:22:21", "text": "the same exact This is what also frust"}, {"start": "00:22:19", "end": "00:22:23", "text": "as you as you might be able to tell."}, {"start": "00:22:21", "end": "00:22:26", "text": "What frustrates me so much about the"}, {"start": "00:22:23", "end": "00:22:29", "text": "cryptocurrency market? So few people are"}, {"start": "00:22:26", "end": "00:22:31", "text": "actually here, what do I always say? So"}, {"start": "00:22:29", "end": "00:22:34", "text": "few people are actually here to make"}, {"start": "00:22:31", "end": "00:22:36", "text": "money. Like money money, like long-term"}, {"start": "00:22:34", "end": "00:22:38", "text": "money, like long-term wealth. We're"}, {"start": "00:22:36", "end": "00:22:40", "text": "talking about Bitcoin's future price"}, {"start": "00:22:38", "end": "00:22:43", "text": "bottom being at 800K. That means that"}, {"start": "00:22:40", "end": "00:22:44", "text": "Bitcoin's price is at like $1.9 million."}, {"start": "00:22:43", "end": "00:22:46", "text": "How many people are actually in the"}, {"start": "00:22:44", "end": "00:22:48", "text": "market waiting for that? How many people"}, {"start": "00:22:46", "end": "00:22:51", "text": "are actually accumulating, are buying up"}, {"start": "00:22:48", "end": "00:22:54", "text": "coins, are managing to invest? How many"}, {"start": "00:22:51", "end": "00:22:55", "text": "people have left the market? Is because"}, {"start": "00:22:54", "end": "00:22:59", "text": "they haven't heard the new narrative"}, {"start": "00:22:55", "end": "00:23:00", "text": "yet. Bitcoin goes above $118,000."}, {"start": "00:22:59", "end": "00:23:02", "text": "Something enters into their local news."}, {"start": "00:23:00", "end": "00:23:03", "text": "Bitcoin reached the new so- and so and"}, {"start": "00:23:02", "end": "00:23:06", "text": "so. These people jump back into the"}, {"start": "00:23:03", "end": "00:23:08", "text": "market. Some rich person says, \"Hey, you"}, {"start": "00:23:06", "end": "00:23:09", "text": "know what's really funny? Bitcoin can do"}, {"start": "00:23:08", "end": "00:23:10", "text": "jumping jacks.\" And they're like,"}, {"start": "00:23:09", "end": "00:23:12", "text": "\"What?\" And then they make a video of"}, {"start": "00:23:10", "end": "00:23:14", "text": "something doing jumping jacks. It has"}, {"start": "00:23:12", "end": "00:23:15", "text": "like a letter B on it. That's a new"}, {"start": "00:23:14", "end": "00:23:16", "text": "narrative. That's a new thing that we"}, {"start": "00:23:15", "end": "00:23:19", "text": "have to look on. For some reason, the"}, {"start": "00:23:16", "end": "00:23:21", "text": "the the figure had it's it's slowed down"}, {"start": "00:23:19", "end": "00:23:23", "text": "at jumping jacks. Bitcoin's price goes"}, {"start": "00:23:21", "end": "00:23:26", "text": "down cuz it's really really sad."}, {"start": "00:23:23", "end": "00:23:28", "text": "Bitcoin's doing just fine."}, {"start": "00:23:26", "end": "00:23:30", "text": "Bitcoin's adopted by the richest people"}, {"start": "00:23:28", "end": "00:23:34", "text": "on the planet. Bitcoin's going to be"}, {"start": "00:23:30", "end": "00:23:34", "text": "Bitcoin is being absorbed"}, {"start": "00:23:35", "end": "00:23:41", "text": "by the people who own"}, {"start": "00:23:39", "end": "00:23:42", "text": "the planet"}, {"start": "00:23:41", "end": "00:23:44", "text": "and other people aren't paying"}, {"start": "00:23:42", "end": "00:23:46", "text": "attention."}, {"start": "00:23:44", "end": "00:23:49", "text": "when prices this is how I feel after"}, {"start": "00:23:46", "end": "00:23:52", "text": "having had this channel for over a"}, {"start": "00:23:49", "end": "00:23:55", "text": "decade. It is literally just"}, {"start": "00:23:52", "end": "00:23:57", "text": "manipulation by the people who have"}, {"start": "00:23:55", "end": "00:23:58", "text": "enough money to be able to swing the"}, {"start": "00:23:57", "end": "00:24:01", "text": "market"}, {"start": "00:23:58", "end": "00:24:02", "text": "pushing you out making you less"}, {"start": "00:24:01", "end": "00:24:06", "text": "interested"}, {"start": "00:24:02", "end": "00:24:11", "text": "absorbing the coins. Rinse and repeat"}, {"start": "00:24:06", "end": "00:24:15", "text": "because, and I use the W word, when"}, {"start": "00:24:11", "end": "00:24:17", "text": "Bitcoin's at $280,000,"}, {"start": "00:24:15", "end": "00:24:18", "text": "a lot of your friends are going to rush"}, {"start": "00:24:17", "end": "00:24:19", "text": "back into the market and they're not"}, {"start": "00:24:18", "end": "00:24:22", "text": "going to understand how this could have"}, {"start": "00:24:19", "end": "00:24:24", "text": "happened because they're not too keen on"}, {"start": "00:24:22", "end": "00:24:26", "text": "actually paying attention. They were"}, {"start": "00:24:24", "end": "00:24:29", "text": "they were listening for some kind of a"}, {"start": "00:24:26", "end": "00:24:31", "text": "narrative. The narrative wasn't there,"}, {"start": "00:24:29", "end": "00:24:34", "text": "so they left. Anyway, I thought this was"}, {"start": "00:24:31", "end": "00:24:35", "text": "fascinating. uh this wasn't the most"}, {"start": "00:24:34", "end": "00:24:38", "text": "popular news like it should have been."}, {"start": "00:24:35", "end": "00:24:40", "text": "It's a shame because I think most people"}, {"start": "00:24:38", "end": "00:24:42", "text": "are hooked on some kind of an idea now."}, {"start": "00:24:40", "end": "00:24:44", "text": "So people want some kind of like no no"}, {"start": "00:24:42", "end": "00:24:45", "text": "no like tell me what like not what's"}, {"start": "00:24:44", "end": "00:24:47", "text": "happening in the market. You you know"}, {"start": "00:24:45", "end": "00:24:50", "text": "like a lot of times when we get news"}, {"start": "00:24:47", "end": "00:24:52", "text": "that um does you know there's a huge"}, {"start": "00:24:50", "end": "00:24:56", "text": "amount of people in Latin America who"}, {"start": "00:24:52", "end": "00:24:58", "text": "are uh using stable coins to transact"}, {"start": "00:24:56", "end": "00:25:00", "text": "and every single day we see more and"}, {"start": "00:24:58", "end": "00:25:02", "text": "more people in Latin America. I assume"}, {"start": "00:25:00", "end": "00:25:04", "text": "it's thousands. I don't know the number"}, {"start": "00:25:02", "end": "00:25:06", "text": "who are buying Bitcoin as like, you"}, {"start": "00:25:04", "end": "00:25:08", "text": "know, a savings uh account or of some"}, {"start": "00:25:06", "end": "00:25:10", "text": "sort of thing. People look at prices and"}, {"start": "00:25:08", "end": "00:25:11", "text": "price didn't go up that day, so they"}, {"start": "00:25:10", "end": "00:25:13", "text": "leave the market. It means nothing to"}, {"start": "00:25:11", "end": "00:25:14", "text": "them. They don't care about actual"}, {"start": "00:25:13", "end": "00:25:16", "text": "adoption. They don't care about actual"}, {"start": "00:25:14", "end": "00:25:19", "text": "usage. They don't care like Bitcoin is"}, {"start": "00:25:16", "end": "00:25:22", "text": "like a self-fulfilling prophecy. Fiat"}, {"start": "00:25:19", "end": "00:25:24", "text": "currencies are"}, {"start": "00:25:22", "end": "00:25:25", "text": "falling down into their own demise."}, {"start": "00:25:24", "end": "00:25:27", "text": "They're being printed into infinity."}, {"start": "00:25:25", "end": "00:25:29", "text": "Bitcoin is being adopted more. Bitcoin"}, {"start": "00:25:27", "end": "00:25:31", "text": "is actually being used as a currency."}, {"start": "00:25:29", "end": "00:25:34", "text": "Bitcoin is being held as a form of"}, {"start": "00:25:31", "end": "00:25:36", "text": "digital gold. Bitcoin is being used by"}, {"start": "00:25:34", "end": "00:25:38", "text": "banks and institutions who are also"}, {"start": "00:25:36", "end": "00:25:40", "text": "hoarding it as well. Bitcoin's price"}, {"start": "00:25:38", "end": "00:25:42", "text": "goes back up. Your friends missed the"}, {"start": "00:25:40", "end": "00:25:44", "text": "last three years of news. They don't Why"}, {"start": "00:25:42", "end": "00:25:45", "text": "is Bitcoin going back up? Man, you"}, {"start": "00:25:44", "end": "00:25:47", "text": "should have Bitcoin. I was looking at"}, {"start": "00:25:45", "end": "00:25:49", "text": "the chart. Why didn't you tell me when"}, {"start": "00:25:47", "end": "00:25:51", "text": "Bitcoin was at 60,000 to get back in?"}, {"start": "00:25:49", "end": "00:25:53", "text": "You couldn't have known. We also just"}, {"start": "00:25:51", "end": "00:25:54", "text": "heard together that Bitcoin's floor"}, {"start": "00:25:53", "end": "00:25:56", "text": "bottom, you know, a couple months ago"}, {"start": "00:25:54", "end": "00:25:58", "text": "was $59,000."}, {"start": "00:25:56", "end": "00:26:01", "text": "No one knows when or how high the"}, {"start": "00:25:58", "end": "00:26:03", "text": "market's going to go. We find that out"}, {"start": "00:26:01", "end": "00:26:06", "text": "all together."}, {"start": "00:26:03", "end": "00:26:09", "text": "That's how the market works"}, {"start": "00:26:06", "end": "00:26:11", "text": "anyway. Yeah. Yeah. Yeah. Yeah. I I I"}, {"start": "00:26:09", "end": "00:26:13", "text": "would love it's never going to happen."}, {"start": "00:26:11", "end": "00:26:15", "text": "Let's be completely honest. We're never"}, {"start": "00:26:13", "end": "00:26:18", "text": "going to live in a world where like real"}, {"start": "00:26:15", "end": "00:26:21", "text": "news ends up making the popular news."}, {"start": "00:26:18", "end": "00:26:24", "text": "The news that we got before about Hong"}, {"start": "00:26:21", "end": "00:26:26", "text": "Kong, Japan, South Korea all allowing"}, {"start": "00:26:24", "end": "00:26:28", "text": "crypto. They're going to have Bitcoin"}, {"start": "00:26:26", "end": "00:26:31", "text": "ETFs, huge amounts of adoption for"}, {"start": "00:26:28", "end": "00:26:33", "text": "Bitcoin across uh Latin America, across"}, {"start": "00:26:31", "end": "00:26:36", "text": "Africa, across Southeast Asia. The news"}, {"start": "00:26:33", "end": "00:26:40", "text": "about all these banks that are like not"}, {"start": "00:26:36", "end": "00:26:43", "text": "doing well. 40 trillion dollar in US"}, {"start": "00:26:40", "end": "00:26:45", "text": "debt."}, {"start": "00:26:43", "end": "00:26:48", "text": "You know how amazing that news is? you"}, {"start": "00:26:45", "end": "00:26:51", "text": "know how great Bitcoin would be doing in"}, {"start": "00:26:48", "end": "00:26:53", "text": "price if we had another 60 million"}, {"start": "00:26:51", "end": "00:26:57", "text": "people who hadn't left the market"}, {"start": "00:26:53", "end": "00:26:59", "text": "because prices fell and they got scared"}, {"start": "00:26:57", "end": "00:27:03", "text": "you know what happens to markets to"}, {"start": "00:26:59", "end": "00:27:05", "text": "Apple stock to Amazon when we hear"}, {"start": "00:27:03", "end": "00:27:07", "text": "Amazon's expanding they just bought 15"}, {"start": "00:27:05", "end": "00:27:08", "text": "new companies Amazon's offering this"}, {"start": "00:27:07", "end": "00:27:11", "text": "Apple's going to be doing that Google's"}, {"start": "00:27:08", "end": "00:27:14", "text": "going to be doing this their stock price"}, {"start": "00:27:11", "end": "00:27:14", "text": "rises"}, {"start": "00:27:14", "end": "00:27:18", "text": "if only that happened for Bitcoin. But"}, {"start": "00:27:16", "end": "00:27:21", "text": "these people, they're very, very clever"}, {"start": "00:27:18", "end": "00:27:23", "text": "at uh making sure that people leave the"}, {"start": "00:27:21", "end": "00:27:25", "text": "market because the price fell by a bit."}, {"start": "00:27:23", "end": "00:27:26", "text": "You got to be scared, right? The"}, {"start": "00:27:25", "end": "00:27:28", "text": "narrative's not there. ET, something's"}, {"start": "00:27:26", "end": "00:27:30", "text": "wrong with the ETFs. What's wrong with"}, {"start": "00:27:28", "end": "00:27:34", "text": "the ETFs, guys? Why are why are we"}, {"start": "00:27:30", "end": "00:27:37", "text": "scared today? Prices go back up. 48"}, {"start": "00:27:34", "end": "00:27:39", "text": "hours later, that news is no longer"}, {"start": "00:27:37", "end": "00:27:42", "text": "mentioned. We had news a couple of weeks"}, {"start": "00:27:39", "end": "00:27:45", "text": "ago that was it Canada?"}, {"start": "00:27:42", "end": "00:27:48", "text": "It was Canada and like two other uh"}, {"start": "00:27:45", "end": "00:27:51", "text": "states in the United States were uh"}, {"start": "00:27:48", "end": "00:27:55", "text": "talking about uh banning Bitcoin and"}, {"start": "00:27:51", "end": "00:27:57", "text": "crypto ATMs. It was everywhere. No one"}, {"start": "00:27:55", "end": "00:28:00", "text": "cares. No one uses those. But the news"}, {"start": "00:27:57", "end": "00:28:01", "text": "was constantly framed as like, well, we"}, {"start": "00:28:00", "end": "00:28:04", "text": "should watch out Bitcoin's price might"}, {"start": "00:28:01", "end": "00:28:07", "text": "go a lot lower. Why? Bitcoin's not an"}, {"start": "00:28:04", "end": "00:28:10", "text": "ATM. There's there's Bitcoin inside the"}, {"start": "00:28:07", "end": "00:28:12", "text": "ATM. People aren't just buying from"}, {"start": "00:28:10", "end": "00:28:13", "text": "Bitcoin ATMs. We have a thousand crypto"}, {"start": "00:28:12", "end": "00:28:16", "text": "exchanges."}, {"start": "00:28:13", "end": "00:28:18", "text": "Why are we supposed to be scared? There"}, {"start": "00:28:16", "end": "00:28:20", "text": "was some other country recently as well"}, {"start": "00:28:18", "end": "00:28:22", "text": "who was talking about banning crypto. No"}, {"start": "00:28:20", "end": "00:28:24", "text": "one no one lives there. No one cares."}, {"start": "00:28:22", "end": "00:28:26", "text": "Their economy is garbage. There was news"}, {"start": "00:28:24", "end": "00:28:29", "text": "recently, I didn't bring it here, about"}, {"start": "00:28:26", "end": "00:28:32", "text": "Russia. Russia is uh going to restrict"}, {"start": "00:28:29", "end": "00:28:34", "text": "people, normal everyday people from"}, {"start": "00:28:32", "end": "00:28:36", "text": "holding a certain amount of of crypto."}, {"start": "00:28:34", "end": "00:28:39", "text": "If you have more than that, you can go"}, {"start": "00:28:36", "end": "00:28:40", "text": "to the slammer. And it's like, well,"}, {"start": "00:28:39", "end": "00:28:42", "text": "guess what? Crypto wasn't legal there"}, {"start": "00:28:40", "end": "00:28:43", "text": "for a long time. No one was using it."}, {"start": "00:28:42", "end": "00:28:45", "text": "There was no adoption there. The"}, {"start": "00:28:43", "end": "00:28:47", "text": "government was always very anti-crypto."}, {"start": "00:28:45", "end": "00:28:49", "text": "Are we supposed to be afraid? Are we"}, {"start": "00:28:47", "end": "00:28:51", "text": "supposed to go, \"Oh my gosh, wait. The"}, {"start": "00:28:49", "end": "00:28:52", "text": "the the country that none of us lives in"}, {"start": "00:28:51", "end": "00:28:55", "text": "that has no crypto adoption. They're"}, {"start": "00:28:52", "end": "00:28:57", "text": "going to That's not how it works."}, {"start": "00:28:55", "end": "00:29:00", "text": "There's always some kind of a negative"}, {"start": "00:28:57", "end": "00:29:02", "text": "like narrative and a a positive"}, {"start": "00:29:00", "end": "00:29:04", "text": "narrative that that continuously drives"}, {"start": "00:29:02", "end": "00:29:07", "text": "us that's constantly trying to push us"}, {"start": "00:29:04", "end": "00:29:09", "text": "forward as opposed to like Bitcoin's not"}, {"start": "00:29:07", "end": "00:29:12", "text": "at zero."}, {"start": "00:29:09", "end": "00:29:14", "text": "Bitcoin's doing incredibly well. The"}, {"start": "00:29:12", "end": "00:29:16", "text": "largest companies on the planet have"}, {"start": "00:29:14", "end": "00:29:18", "text": "openly expressed their interest in"}, {"start": "00:29:16", "end": "00:29:21", "text": "Bitcoin. There's two companies that have"}, {"start": "00:29:18", "end": "00:29:25", "text": "over 800,000 Bitcoin that they"}, {"start": "00:29:21", "end": "00:29:27", "text": "accumulated in about 21 months."}, {"start": "00:29:25", "end": "00:29:29", "text": "Those are actual narratives"}, {"start": "00:29:27", "end": "00:29:32", "text": "that the world should be paying"}, {"start": "00:29:29", "end": "00:29:35", "text": "attention to, but"}, {"start": "00:29:32", "end": "00:29:37", "text": "I guess it's not uh spicy enough. Well,"}, {"start": "00:29:35", "end": "00:29:40", "text": "didn't mean to ramble, but alas, here we"}, {"start": "00:29:37", "end": "00:29:43", "text": "are. Hope you're all doing well. How's"}, {"start": "00:29:40", "end": "00:29:46", "text": "everyone doing? What's new? How's life?"}, {"start": "00:29:43", "end": "00:29:48", "text": "Very big thank you to Gypsy Queen, Trent"}, {"start": "00:29:46", "end": "00:29:51", "text": "Jackson, Gil, Boa Snake, and Finley"}, {"start": "00:29:48", "end": "00:29:54", "text": "Bass. Very big thank you to my Patreon"}, {"start": "00:29:51", "end": "00:29:56", "text": "on supporters. For those of you looking"}, {"start": "00:29:54", "end": "00:29:59", "text": "to get into"}, {"start": "00:29:56", "end": "00:30:01", "text": "real estate, I wrote a book. There's a"}, {"start": "00:29:59", "end": "00:30:03", "text": "link to it in the description below. I"}, {"start": "00:30:01", "end": "00:30:05", "text": "do hope that you've all enjoyed. I do"}, {"start": "00:30:03", "end": "00:30:06", "text": "hope you all are having a great day,"}, {"start": "00:30:05", "end": "00:30:08", "text": "morning, afternoon, evening, wherever"}, {"start": "00:30:06", "end": "00:30:11", "text": "you are, wherever you might be. I do"}, {"start": "00:30:08", "end": "00:30:14", "text": "hope I look at that. See, I woke up."}, {"start": "00:30:11", "end": "00:30:16", "text": "Do hope it's absolutely fantastic. Thank"}, {"start": "00:30:14", "end": "00:30:18", "text": "you all once again for watching,"}, {"start": "00:30:16", "end": "00:30:21", "text": "listening, liking, commenting, and"}, {"start": "00:30:18", "end": "00:30:25", "text": "supporting. And I will most certainly be"}, {"start": "00:30:21", "end": "00:30:28", "text": "talking to you all soon."}, {"start": "00:30:25", "end": "00:30:28", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody."}, {"start": "00:00:03", "end": "00:00:11", "text": "Welcome back to the channel."}, {"start": "00:00:08", "end": "00:00:15", "text": "Hope you're all doing well."}, {"start": "00:00:11", "end": "00:00:18", "text": "Hope you're all having a great day."}, {"start": "00:00:15", "end": "00:00:21", "text": "Don't forget to invest. It's very"}, {"start": "00:00:18", "end": "00:00:24", "text": "important cuz nobody else is going to do"}, {"start": "00:00:21", "end": "00:00:26", "text": "it for you. It relies solely on your"}, {"start": "00:00:24", "end": "00:00:28", "text": "shoulders. I'm so sorry to have to tell"}, {"start": "00:00:26", "end": "00:00:31", "text": "you that."}, {"start": "00:00:28", "end": "00:00:36", "text": "Without any further ado, let's jump"}, {"start": "00:00:31", "end": "00:00:38", "text": "right into it. I forgot what I was going"}, {"start": "00:00:36", "end": "00:00:39", "text": "to say. Ah, crap. It's gone. I don't"}, {"start": "00:00:38", "end": "00:00:41", "text": "remember. It It was It was something"}, {"start": "00:00:39", "end": "00:00:44", "text": "relatively important, but if it's that"}, {"start": "00:00:41", "end": "00:00:47", "text": "important, it will it will repop into my"}, {"start": "00:00:44", "end": "00:00:48", "text": "my cranium. Yeah. Welcome back,"}, {"start": "00:00:47", "end": "00:00:53", "text": "everyone."}, {"start": "00:00:48", "end": "00:00:55", "text": "There's a weird feeling in the air. I'm"}, {"start": "00:00:53", "end": "00:01:00", "text": "not sure if you're also feeling it as"}, {"start": "00:00:55", "end": "00:01:02", "text": "well. There seems to be Okay, so uh"}, {"start": "00:01:00", "end": "00:01:07", "text": "here's kind of like the generalized"}, {"start": "00:01:02", "end": "00:01:08", "text": "rundown without being too vague. Uh we"}, {"start": "00:01:07", "end": "00:01:11", "text": "heard"}, {"start": "00:01:08", "end": "00:01:14", "text": "that institutions would be buying up"}, {"start": "00:01:11", "end": "00:01:17", "text": "Bitcoin. The institutions began to buy"}, {"start": "00:01:14", "end": "00:01:20", "text": "up Bitcoin. We started to hear that"}, {"start": "00:01:17", "end": "00:01:24", "text": "cryptocurrency prices were going to go a"}, {"start": "00:01:20", "end": "00:01:28", "text": "lot higher. prices moved up a bit and"}, {"start": "00:01:24", "end": "00:01:30", "text": "then subsequently fell down because of a"}, {"start": "00:01:28", "end": "00:01:32", "text": "monstrous amount of financial news that"}, {"start": "00:01:30", "end": "00:01:35", "text": "we've been getting. I [snorts] I still"}, {"start": "00:01:32", "end": "00:01:37", "text": "see and I don't know if we just have"}, {"start": "00:01:35", "end": "00:01:39", "text": "different newses. Uh people like"}, {"start": "00:01:37", "end": "00:01:42", "text": "disagreeing with me that it's not"}, {"start": "00:01:39", "end": "00:01:43", "text": "tariffs and it's not inflation and I"}, {"start": "00:01:42", "end": "00:01:45", "text": "don't"}, {"start": "00:01:43", "end": "00:01:49", "text": "I don't know where you're getting your"}, {"start": "00:01:45", "end": "00:01:51", "text": "news from, but okay. So,"}, {"start": "00:01:49", "end": "00:01:54", "text": "uh, with all of that happening, we had a"}, {"start": "00:01:51", "end": "00:01:56", "text": "couple of months, not a lot. We had a"}, {"start": "00:01:54", "end": "00:02:00", "text": "couple of months where like"}, {"start": "00:01:56", "end": "00:02:02", "text": "cryptocurrency buying slowed down a bit,"}, {"start": "00:02:00", "end": "00:02:05", "text": "not just from retail investors, but also"}, {"start": "00:02:02", "end": "00:02:08", "text": "from companies and institutions."}, {"start": "00:02:05", "end": "00:02:11", "text": "around the time we got to the end like"}, {"start": "00:02:08", "end": "00:02:12", "text": "end of end of June"}, {"start": "00:02:11", "end": "00:02:16", "text": "something something maybe the last week"}, {"start": "00:02:12", "end": "00:02:19", "text": "of June there was like a very odd uh"}, {"start": "00:02:16", "end": "00:02:22", "text": "resurgence in confidence across the"}, {"start": "00:02:19", "end": "00:02:25", "text": "board. So, [snorts]"}, {"start": "00:02:22", "end": "00:02:28", "text": "it's kind of being uh chocked up to the"}, {"start": "00:02:25", "end": "00:02:32", "text": "idea that cryptocurrency prices going"}, {"start": "00:02:28", "end": "00:02:36", "text": "lower actually represented an easier"}, {"start": "00:02:32", "end": "00:02:39", "text": "entry point for a lot of these"}, {"start": "00:02:36", "end": "00:02:42", "text": "people, what have you, to be able to"}, {"start": "00:02:39", "end": "00:02:46", "text": "want to get back into the market"}, {"start": "00:02:42", "end": "00:02:50", "text": "further. That's why I think"}, {"start": "00:02:46", "end": "00:02:52", "text": "we had a reignition of news uh from that"}, {"start": "00:02:50", "end": "00:02:55", "text": "company who bought 12,000 Bitcoin. Grant"}, {"start": "00:02:52", "end": "00:02:58", "text": "Cardone talking about he's still buying"}, {"start": "00:02:55", "end": "00:03:01", "text": "a lot of Bitcoin. Uh Michael Sailor, you"}, {"start": "00:02:58", "end": "00:03:04", "text": "know, on what have you, but still micro"}, {"start": "00:03:01", "end": "00:03:08", "text": "strategy in those weeks buying up extra"}, {"start": "00:03:04", "end": "00:03:11", "text": "amounts of Bitcoin. We had news recently"}, {"start": "00:03:08", "end": "00:03:13", "text": "about um I think Gayscale bought more uh"}, {"start": "00:03:11", "end": "00:03:16", "text": "what's the other one? Tether bought more"}, {"start": "00:03:13", "end": "00:03:18", "text": "recently as well. We had some Bitmine"}, {"start": "00:03:16", "end": "00:03:21", "text": "news about them being very close to"}, {"start": "00:03:18", "end": "00:03:23", "text": "their 5% target. We didn't have that"}, {"start": "00:03:21", "end": "00:03:24", "text": "news for about a good two to three"}, {"start": "00:03:23", "end": "00:03:28", "text": "months. A lot of the news we were"}, {"start": "00:03:24", "end": "00:03:30", "text": "getting was like institutional adoption."}, {"start": "00:03:28", "end": "00:03:32", "text": "We're creating a cryptocurrency trading"}, {"start": "00:03:30", "end": "00:03:36", "text": "desk. Those kinds of things. But for"}, {"start": "00:03:32", "end": "00:03:42", "text": "some reason, everyone's back to buying."}, {"start": "00:03:36", "end": "00:03:48", "text": "At the center of all of this is is"}, {"start": "00:03:42", "end": "00:03:52", "text": "who who who who exactly is is buying"}, {"start": "00:03:48", "end": "00:03:55", "text": "because we also heard before."}, {"start": "00:03:52", "end": "00:03:59", "text": "This is from uh Novagrats. This is from"}, {"start": "00:03:55", "end": "00:04:01", "text": "Michael Sailor. This is from what's that"}, {"start": "00:03:59", "end": "00:04:03", "text": "eccentric guy's name who always wears a"}, {"start": "00:04:01", "end": "00:04:05", "text": "hat."}, {"start": "00:04:03", "end": "00:04:07", "text": "I I can I can picture him, but I can't"}, {"start": "00:04:05", "end": "00:04:11", "text": "remember his"}, {"start": "00:04:07", "end": "00:04:12", "text": "Tom Tamuli Tomalam."}, {"start": "00:04:11", "end": "00:04:14", "text": "I don't remember his name anymore. He's"}, {"start": "00:04:12", "end": "00:04:17", "text": "he's he's shorter. He's he always has a"}, {"start": "00:04:14", "end": "00:04:20", "text": "cap on in his videos. He's like a mega"}, {"start": "00:04:17", "end": "00:04:24", "text": "Bitcoin maximalist. Uh he told us last"}, {"start": "00:04:20", "end": "00:04:27", "text": "year that he was in contact with like 10"}, {"start": "00:04:24", "end": "00:04:29", "text": "countries who were all beginning to"}, {"start": "00:04:27", "end": "00:04:33", "text": "adopt crypto."}, {"start": "00:04:29", "end": "00:04:35", "text": "What one of the things is is that it's"}, {"start": "00:04:33", "end": "00:04:38", "text": "not that I don't believe that this is"}, {"start": "00:04:35", "end": "00:04:41", "text": "happening. It's more of a"}, {"start": "00:04:38", "end": "00:04:45", "text": "who who the heck are they? Because"}, {"start": "00:04:41", "end": "00:04:47", "text": "apparently since prices moved and we saw"}, {"start": "00:04:45", "end": "00:04:50", "text": "more volatility"}, {"start": "00:04:47", "end": "00:04:54", "text": "in the crypto market in the last month"}, {"start": "00:04:50", "end": "00:04:59", "text": "that has seemingly reignited interest"}, {"start": "00:04:54", "end": "00:05:00", "text": "across the board about getting back into"}, {"start": "00:04:59", "end": "00:05:06", "text": "crypto."}, {"start": "00:05:00", "end": "00:05:09", "text": "In very popular news, it says"}, {"start": "00:05:06", "end": "00:05:13", "text": "sovereign wealth funds"}, {"start": "00:05:09", "end": "00:05:15", "text": "have been accumulating spot bitcoin."}, {"start": "00:05:13", "end": "00:05:18", "text": "That is Bitcoin itself. That is not"}, {"start": "00:05:15", "end": "00:05:21", "text": "through the ETFs. Sovereign wealth funds"}, {"start": "00:05:18", "end": "00:05:24", "text": "have been accumulating spot bitcoin."}, {"start": "00:05:21", "end": "00:05:26", "text": "a sign that Bitcoin's current price"}, {"start": "00:05:24", "end": "00:05:29", "text": "level"}, {"start": "00:05:26", "end": "00:05:32", "text": "is becoming attractive to institutional"}, {"start": "00:05:29", "end": "00:05:34", "text": "investors. This is according to"}, {"start": "00:05:32", "end": "00:05:39", "text": "MidChains"}, {"start": "00:05:34", "end": "00:05:39", "text": "CEO, his name is Basil Alaskari."}, {"start": "00:05:39", "end": "00:05:45", "text": "He said, and I quote, \"I would be able"}, {"start": "00:05:42", "end": "00:05:49", "text": "to confirm that one,"}, {"start": "00:05:45", "end": "00:05:51", "text": "at least one, and possibly in the coming"}, {"start": "00:05:49", "end": "00:05:52", "text": "weeks, too,"}, {"start": "00:05:51", "end": "00:05:56", "text": "sovereign wealth funds have been"}, {"start": "00:05:52", "end": "00:05:58", "text": "accumulating spot bitcoin specifically,\""}, {"start": "00:05:56", "end": "00:06:01", "text": "he said."}, {"start": "00:05:58", "end": "00:06:03", "text": "This is me speaking again. The weird"}, {"start": "00:06:01", "end": "00:06:06", "text": "part is is that we've gotten this news"}, {"start": "00:06:03", "end": "00:06:09", "text": "for a while and I understand from the"}, {"start": "00:06:06", "end": "00:06:11", "text": "vantage point of if Bitcoin is super"}, {"start": "00:06:09", "end": "00:06:13", "text": "rare."}, {"start": "00:06:11", "end": "00:06:17", "text": "If all the institutions are expecting"}, {"start": "00:06:13", "end": "00:06:22", "text": "prices to go up not to just 100k but"}, {"start": "00:06:17", "end": "00:06:24", "text": "literally to a million per bitcoin, you"}, {"start": "00:06:22", "end": "00:06:27", "text": "might want to keep it hush hush or in"}, {"start": "00:06:24", "end": "00:06:30", "text": "many cases you might be required to by"}, {"start": "00:06:27", "end": "00:06:32", "text": "non-disclosure agreements. The weird"}, {"start": "00:06:30", "end": "00:06:36", "text": "part is that"}, {"start": "00:06:32", "end": "00:06:38", "text": "we as retail investors,"}, {"start": "00:06:36", "end": "00:06:42", "text": "we keep hearing that things are going to"}, {"start": "00:06:38", "end": "00:06:44", "text": "happen. Or imagine if you heard every"}, {"start": "00:06:42", "end": "00:06:47", "text": "single day like, \"Yeah, the person in"}, {"start": "00:06:44", "end": "00:06:48", "text": "the house across the street from you,"}, {"start": "00:06:47", "end": "00:06:50", "text": "[snorts] they're going to give you"}, {"start": "00:06:48", "end": "00:06:52", "text": "$1,000.\""}, {"start": "00:06:50", "end": "00:06:54", "text": "And you keep waiting for that $1,000,"}, {"start": "00:06:52", "end": "00:06:56", "text": "but like you're constantly told that"}, {"start": "00:06:54", "end": "00:06:59", "text": "it's going to happen. I mean, a very"}, {"start": "00:06:56", "end": "00:07:04", "text": "weird story there, but like you"}, {"start": "00:06:59", "end": "00:07:06", "text": "understand what I mean. It's awesome,"}, {"start": "00:07:04", "end": "00:07:08", "text": "question mark, that sovereign wealth"}, {"start": "00:07:06", "end": "00:07:10", "text": "funds are are buying up huge amounts of"}, {"start": "00:07:08", "end": "00:07:12", "text": "crypto,"}, {"start": "00:07:10", "end": "00:07:16", "text": "but at this point, we've also, and I"}, {"start": "00:07:12", "end": "00:07:18", "text": "mean from a realistic standpoint,"}, {"start": "00:07:16", "end": "00:07:20", "text": "it should be over 30 countries at this"}, {"start": "00:07:18", "end": "00:07:23", "text": "point."}, {"start": "00:07:20", "end": "00:07:25", "text": "Like legitimately 30. That person said"}, {"start": "00:07:23", "end": "00:07:28", "text": "they were talking to eight countries."}, {"start": "00:07:25", "end": "00:07:30", "text": "That person said 12. That person said"}, {"start": "00:07:28", "end": "00:07:32", "text": "10. The one we're talking about now said"}, {"start": "00:07:30", "end": "00:07:34", "text": "two. We've had multiple other people."}, {"start": "00:07:32", "end": "00:07:35", "text": "Yeah, we've been working with countries"}, {"start": "00:07:34", "end": "00:07:38", "text": "for the last, you know, two to three"}, {"start": "00:07:35", "end": "00:07:40", "text": "years. We heard it from Binance as well."}, {"start": "00:07:38", "end": "00:07:43", "text": "This was two years ago. I I don't know"}, {"start": "00:07:40", "end": "00:07:45", "text": "if it was Binance or if it was Chongpang"}, {"start": "00:07:43", "end": "00:07:47", "text": "Tao. They were like, \"Yeah, we've, you"}, {"start": "00:07:45", "end": "00:07:53", "text": "know, we've been working with countries"}, {"start": "00:07:47", "end": "00:07:53", "text": "who are actively now buying up Bitcoin.\""}, {"start": "00:07:54", "end": "00:08:01", "text": "I'm trying not to use numbers here, but"}, {"start": "00:07:57", "end": "00:08:05", "text": "um [snorts] stay with me."}, {"start": "00:08:01", "end": "00:08:08", "text": "If two companies No, no, no, no, no, no,"}, {"start": "00:08:05", "end": "00:08:10", "text": "no, no, no, no, no, no. If seven"}, {"start": "00:08:08", "end": "00:08:13", "text": "companies,"}, {"start": "00:08:10", "end": "00:08:15", "text": "if seven companies accumulated 2 million"}, {"start": "00:08:13", "end": "00:08:18", "text": "Bitcoin"}, {"start": "00:08:15", "end": "00:08:20", "text": "in 24 months"}, {"start": "00:08:18", "end": "00:08:23", "text": "and then a bunch of other Bitcoin, let's"}, {"start": "00:08:20", "end": "00:08:26", "text": "say a good 20, 30, 40, 50,000 was"}, {"start": "00:08:23", "end": "00:08:29", "text": "accumulated by, you know, these other"}, {"start": "00:08:26", "end": "00:08:31", "text": "family markets and the 100 Bitcoin per"}, {"start": "00:08:29", "end": "00:08:33", "text": "day, blah blah blah blah blah, all those"}, {"start": "00:08:31", "end": "00:08:35", "text": "other things."}, {"start": "00:08:33", "end": "00:08:37", "text": "And then the sovereign wealth funds are"}, {"start": "00:08:35", "end": "00:08:41", "text": "also doing it as well. And then don't"}, {"start": "00:08:37", "end": "00:08:44", "text": "forget the other like 12"}, {"start": "00:08:41", "end": "00:08:46", "text": "Bitcoin spot ETFs as well that are like"}, {"start": "00:08:44", "end": "00:08:48", "text": "floating around the world who were also"}, {"start": "00:08:46", "end": "00:08:51", "text": "accumulating tens and hundreds of"}, {"start": "00:08:48", "end": "00:08:53", "text": "thousands of of Bitcoin."}, {"start": "00:08:51", "end": "00:08:56", "text": "I"}, {"start": "00:08:53", "end": "00:09:00", "text": "would propose a question to the world."}, {"start": "00:08:56", "end": "00:09:03", "text": "How at all we were able to fall back"}, {"start": "00:09:00", "end": "00:09:06", "text": "down 50% in price"}, {"start": "00:09:03", "end": "00:09:09", "text": "if"}, {"start": "00:09:06", "end": "00:09:11", "text": "all of that buying had actually uh been"}, {"start": "00:09:09", "end": "00:09:14", "text": "happening."}, {"start": "00:09:11", "end": "00:09:17", "text": "It says a sovereign wealth fund is a"}, {"start": "00:09:14", "end": "00:09:22", "text": "stateowned investment fund typically"}, {"start": "00:09:17", "end": "00:09:26", "text": "capitalized by a country's reserves. So"}, {"start": "00:09:22", "end": "00:09:29", "text": "the move signals state level conviction"}, {"start": "00:09:26", "end": "00:09:30", "text": "not just private speculation."}, {"start": "00:09:29", "end": "00:09:34", "text": "Sovereign wealth funds collectively"}, {"start": "00:09:30", "end": "00:09:36", "text": "control more than 13 trillion US dollars"}, {"start": "00:09:34", "end": "00:09:40", "text": "globally."}, {"start": "00:09:36", "end": "00:09:42", "text": "Alice Curry who heads MidChains a"}, {"start": "00:09:40", "end": "00:09:44", "text": "regulated crypto trading platform"}, {"start": "00:09:42", "end": "00:09:47", "text": "focused on retail and institutions based"}, {"start": "00:09:44", "end": "00:09:50", "text": "in Abu Dhabi. Oo money says that lower"}, {"start": "00:09:47", "end": "00:09:55", "text": "price point is seen very much as an"}, {"start": "00:09:50", "end": "00:09:57", "text": "entry level for those mega funds that"}, {"start": "00:09:55", "end": "00:10:01", "text": "have the patience to accumulate over an"}, {"start": "00:09:57", "end": "00:10:04", "text": "extended period of time. The potential"}, {"start": "00:10:01", "end": "00:10:07", "text": "impact on Bitcoin's price is not going"}, {"start": "00:10:04", "end": "00:10:10", "text": "to be a massive cascade on the market"}, {"start": "00:10:07", "end": "00:10:13", "text": "immediately, he said, but it sends a"}, {"start": "00:10:10", "end": "00:10:16", "text": "very clear signal to other institutions"}, {"start": "00:10:13", "end": "00:10:19", "text": "that may be sitting on the sidelines and"}, {"start": "00:10:16", "end": "00:10:22", "text": "looking at those larger funds as leaders"}, {"start": "00:10:19", "end": "00:10:28", "text": "seeking a way to experiment and start to"}, {"start": "00:10:22", "end": "00:10:31", "text": "get involved with Bitcoin. He said, \"I"}, {"start": "00:10:28", "end": "00:10:33", "text": "do think this is what will happen is"}, {"start": "00:10:31", "end": "00:10:35", "text": "that over the longer term period, we'll"}, {"start": "00:10:33", "end": "00:10:38", "text": "start to see Bitcoin become more and"}, {"start": "00:10:35", "end": "00:10:41", "text": "more scarce as a result of larger"}, {"start": "00:10:38", "end": "00:10:43", "text": "holders with much longer time horizons"}, {"start": "00:10:41", "end": "00:10:48", "text": "on their holding periods as far as"}, {"start": "00:10:43", "end": "00:10:48", "text": "looking for investments.\""}, {"start": "00:10:48", "end": "00:10:52", "text": "Um,"}, {"start": "00:10:50", "end": "00:10:56", "text": "cool."}, {"start": "00:10:52", "end": "00:11:00", "text": "That's interesting to hear."}, {"start": "00:10:56", "end": "00:11:04", "text": "I would, if I had to guess in some form"}, {"start": "00:11:00", "end": "00:11:07", "text": "or fashion, we could probably then"}, {"start": "00:11:04", "end": "00:11:11", "text": "expect"}, {"start": "00:11:07", "end": "00:11:16", "text": "the Bitcoin supply crunch to actually"}, {"start": "00:11:11", "end": "00:11:19", "text": "take place sometime in 2028 or 2029."}, {"start": "00:11:16", "end": "00:11:22", "text": "Just throwing out numbers there. If all"}, {"start": "00:11:19", "end": "00:11:26", "text": "this Bitcoin is being accumulated,"}, {"start": "00:11:22", "end": "00:11:28", "text": "h how could like like so you can even"}, {"start": "00:11:26", "end": "00:11:31", "text": "say like okay someone knows exactly how"}, {"start": "00:11:28", "end": "00:11:33", "text": "much Bitcoin to sell to initiate selling"}, {"start": "00:11:31", "end": "00:11:35", "text": "pressure that would cause the price to"}, {"start": "00:11:33", "end": "00:11:40", "text": "go down."}, {"start": "00:11:35", "end": "00:11:42", "text": "Everyone with me? Okay. But then the my"}, {"start": "00:11:40", "end": "00:11:45", "text": "argument would be you would need a"}, {"start": "00:11:42", "end": "00:11:47", "text": "massive amount of capital being spent on"}, {"start": "00:11:45", "end": "00:11:50", "text": "pushing the price down in some form or"}, {"start": "00:11:47", "end": "00:11:50", "text": "fashion,"}, {"start": "00:11:51", "end": "00:11:56", "text": "hyphen, I don't know. If you have all"}, {"start": "00:11:53", "end": "00:11:58", "text": "these countries who are buying, if you"}, {"start": "00:11:56", "end": "00:12:00", "text": "have Black Rockck, if you have"}, {"start": "00:11:58", "end": "00:12:02", "text": "MetaPlanet, if you have Micro Strategy"}, {"start": "00:12:00", "end": "00:12:06", "text": "and the other ETFs who are then also"}, {"start": "00:12:02", "end": "00:12:09", "text": "buying on any given day, any given day,"}, {"start": "00:12:06", "end": "00:12:13", "text": "it's it's estimated"}, {"start": "00:12:09", "end": "00:12:14", "text": "that we have around 100 million people"}, {"start": "00:12:13", "end": "00:12:16", "text": "into Bitcoin. These are some numbers"}, {"start": "00:12:14", "end": "00:12:18", "text": "that, you know, if you Google it, how"}, {"start": "00:12:16", "end": "00:12:20", "text": "many people have Bitcoin? How many"}, {"start": "00:12:18", "end": "00:12:22", "text": "people are into Bitcoin? That kind of"}, {"start": "00:12:20", "end": "00:12:23", "text": "thing. is estimated around a hundred"}, {"start": "00:12:22", "end": "00:12:27", "text": "million. I don't know about those"}, {"start": "00:12:23", "end": "00:12:29", "text": "numbers, but sure. Let's say we like we"}, {"start": "00:12:27", "end": "00:12:32", "text": "we we slammed it down to just 1% of"}, {"start": "00:12:29", "end": "00:12:34", "text": "that. Let's say a million. Let's say you"}, {"start": "00:12:32", "end": "00:12:38", "text": "have a million people"}, {"start": "00:12:34", "end": "00:12:41", "text": "per month cumulatively who are buying up"}, {"start": "00:12:38", "end": "00:12:42", "text": "fragments of Bitcoin as well. Not"}, {"start": "00:12:41", "end": "00:12:44", "text": "including the other people who are"}, {"start": "00:12:42", "end": "00:12:48", "text": "buying two, three, four, 500 per day,"}, {"start": "00:12:44", "end": "00:12:51", "text": "per week, what have you."}, {"start": "00:12:48", "end": "00:12:53", "text": "Is this going to"}, {"start": "00:12:51", "end": "00:12:57", "text": "reach a a fever pitch where there"}, {"start": "00:12:53", "end": "00:13:00", "text": "literally is just so little on exchanges"}, {"start": "00:12:57", "end": "00:13:03", "text": "that any buying pressure of $5 would"}, {"start": "00:13:00", "end": "00:13:05", "text": "also cause the price to go up? How do"}, {"start": "00:13:03", "end": "00:13:07", "text": "you how much more do they need to"}, {"start": "00:13:05", "end": "00:13:08", "text": "accumulate?"}, {"start": "00:13:07", "end": "00:13:11", "text": "We were talking about that in another"}, {"start": "00:13:08", "end": "00:13:14", "text": "video. We we keep hearing as far as like"}, {"start": "00:13:11", "end": "00:13:16", "text": "tokenization and and stable coins that"}, {"start": "00:13:14", "end": "00:13:20", "text": "these things are going to be the main"}, {"start": "00:13:16", "end": "00:13:22", "text": "driver in prices of Ethereum and Polygon"}, {"start": "00:13:20", "end": "00:13:24", "text": "and Salana."}, {"start": "00:13:22", "end": "00:13:25", "text": "We already have billions of dollars"}, {"start": "00:13:24", "end": "00:13:28", "text": "since the beginning of this year now"}, {"start": "00:13:25", "end": "00:13:32", "text": "tokenized on chain."}, {"start": "00:13:28", "end": "00:13:36", "text": "The prices went down. So mathematically,"}, {"start": "00:13:32", "end": "00:13:39", "text": "do we need like $1.7 trillion dollars"}, {"start": "00:13:36", "end": "00:13:42", "text": "of tokenized assets to be on chain to be"}, {"start": "00:13:39", "end": "00:13:44", "text": "traded back and forth to then give"}, {"start": "00:13:42", "end": "00:13:46", "text": "higher prices?"}, {"start": "00:13:44", "end": "00:13:49", "text": "What exactly is the number that would"}, {"start": "00:13:46", "end": "00:13:52", "text": "cause the tipping point for Bitcoin?"}, {"start": "00:13:49", "end": "00:13:54", "text": "You catch my drift? If everyone's buying"}, {"start": "00:13:52", "end": "00:13:57", "text": "up tons of Bitcoin, same exact thing for"}, {"start": "00:13:54", "end": "00:13:59", "text": "Ethereum. That company bought 14,000."}, {"start": "00:13:57", "end": "00:14:02", "text": "That one bought 22,000. meta planets"}, {"start": "00:13:59", "end": "00:14:06", "text": "trying to get to a 100,000"}, {"start": "00:14:02", "end": "00:14:09", "text": "at some point. Basic math tells us those"}, {"start": "00:14:06", "end": "00:14:11", "text": "accumulation numbers would result in"}, {"start": "00:14:09", "end": "00:14:13", "text": "higher prices."}, {"start": "00:14:11", "end": "00:14:16", "text": "Are they accumulating in a way that they"}, {"start": "00:14:13", "end": "00:14:19", "text": "make sure that the scales don't tip"}, {"start": "00:14:16", "end": "00:14:21", "text": "until we have a bull run? Does that bull"}, {"start": "00:14:19", "end": "00:14:24", "text": "run then officially give us a half a"}, {"start": "00:14:21", "end": "00:14:25", "text": "million dollar Bitcoin? because these"}, {"start": "00:14:24", "end": "00:14:30", "text": "people have been accumulating at"}, {"start": "00:14:25", "end": "00:14:30", "text": "[snorts] 30 40 50 60 $70,000."}, {"start": "00:14:31", "end": "00:14:34", "text": "You understand what I mean, right? Like"}, {"start": "00:14:32", "end": "00:14:37", "text": "what what point do we actually see it's"}, {"start": "00:14:34", "end": "00:14:40", "text": "it's you know I've never expected that"}, {"start": "00:14:37", "end": "00:14:45", "text": "we would see adoption like this. I never"}, {"start": "00:14:40", "end": "00:14:47", "text": "I thought we had until the late 2030s or"}, {"start": "00:14:45", "end": "00:14:53", "text": "2040s. The only thing that like revved"}, {"start": "00:14:47", "end": "00:14:56", "text": "up my mind one time was this old podcast"}, {"start": "00:14:53", "end": "00:14:57", "text": "that had plan B on it. And plan B was"}, {"start": "00:14:56", "end": "00:15:03", "text": "talking about uh Bitcoin price"}, {"start": "00:14:57", "end": "00:15:07", "text": "predictions for uh 2028 and 2032. 2032"}, {"start": "00:15:03", "end": "00:15:10", "text": "being like I think if I remember I think"}, {"start": "00:15:07", "end": "00:15:12", "text": "he said like $10 million."}, {"start": "00:15:10", "end": "00:15:14", "text": "This is when he was like first becoming"}, {"start": "00:15:12", "end": "00:15:16", "text": "like famous famous."}, {"start": "00:15:14", "end": "00:15:18", "text": "He was like you don't understand how"}, {"start": "00:15:16", "end": "00:15:20", "text": "rare Bitcoin actually is. like this is"}, {"start": "00:15:18", "end": "00:15:24", "text": "going to like people are going to be"}, {"start": "00:15:20", "end": "00:15:27", "text": "shocked in the year 2032 when we get to"}, {"start": "00:15:24", "end": "00:15:29", "text": "a $10 million and I was like 2032 I was"}, {"start": "00:15:27", "end": "00:15:32", "text": "like that's so early cuz in my mind I"}, {"start": "00:15:29", "end": "00:15:35", "text": "was like this will be a you know a slow"}, {"start": "00:15:32", "end": "00:15:38", "text": "and steady wins the race I expected this"}, {"start": "00:15:35", "end": "00:15:43", "text": "level of adoption that we have right now"}, {"start": "00:15:38", "end": "00:15:45", "text": "maybe 2036 maybe 2038 into the 2040s we"}, {"start": "00:15:43", "end": "00:15:48", "text": "can start having a discussion about a"}, {"start": "00:15:45", "end": "00:15:53", "text": "million dollar Bitcoin 203 32 at 10"}, {"start": "00:15:48", "end": "00:15:56", "text": "million is crazy. So all these things,"}, {"start": "00:15:53", "end": "00:15:58", "text": "everyone's looking at charts. All their"}, {"start": "00:15:56", "end": "00:16:00", "text": "charts say higher Bitcoin going down in"}, {"start": "00:15:58", "end": "00:16:03", "text": "price. Cool. This is a this is a great"}, {"start": "00:16:00", "end": "00:16:06", "text": "entry point for us to get into the"}, {"start": "00:16:03", "end": "00:16:09", "text": "market. If they're all buying, if"}, {"start": "00:16:06", "end": "00:16:13", "text": "they're all accumulating,"}, {"start": "00:16:09", "end": "00:16:16", "text": "at what points do the SK scales begin to"}, {"start": "00:16:13", "end": "00:16:18", "text": "tip completely in in higher price favor?"}, {"start": "00:16:16", "end": "00:16:21", "text": "If you have a whole bunch of stock from"}, {"start": "00:16:18", "end": "00:16:23", "text": "a company and no one's buying, the stock"}, {"start": "00:16:21", "end": "00:16:24", "text": "is going to go down. If you have a"}, {"start": "00:16:23", "end": "00:16:26", "text": "hundred people who are buying but"}, {"start": "00:16:24", "end": "00:16:27", "text": "there's more selling pressure, the stock"}, {"start": "00:16:26", "end": "00:16:29", "text": "will go down while the accumulation"}, {"start": "00:16:27", "end": "00:16:32", "text": "actually ends up happening. At some"}, {"start": "00:16:29", "end": "00:16:35", "text": "point, the stock becomes so big that"}, {"start": "00:16:32", "end": "00:16:39", "text": "anyone clicking the like the word buy"}, {"start": "00:16:35", "end": "00:16:44", "text": "would cause the price to go up."}, {"start": "00:16:39", "end": "00:16:47", "text": "So, I just wonder"}, {"start": "00:16:44", "end": "00:16:48", "text": "when when are we going to get to a half"}, {"start": "00:16:47", "end": "00:16:50", "text": "a million dollar Bitcoin? How much"}, {"start": "00:16:48", "end": "00:16:52", "text": "buying because we listen, we know that"}, {"start": "00:16:50", "end": "00:16:57", "text": "the buying pressure is there, but"}, {"start": "00:16:52", "end": "00:17:00", "text": "apparently is is is not is is not not"}, {"start": "00:16:57", "end": "00:17:03", "text": "enough."}, {"start": "00:17:00", "end": "00:17:08", "text": "Um, I still find it very weird that we"}, {"start": "00:17:03", "end": "00:17:09", "text": "are under $200,000 a coin. Uh, with all"}, {"start": "00:17:08", "end": "00:17:12", "text": "of this news taking place, I find it"}, {"start": "00:17:09", "end": "00:17:13", "text": "weird that people"}, {"start": "00:17:12", "end": "00:17:16", "text": "leave"}, {"start": "00:17:13", "end": "00:17:19", "text": "the cryptocurrency market"}, {"start": "00:17:16", "end": "00:17:21", "text": "when we have all of this news. I find it"}, {"start": "00:17:19", "end": "00:17:25", "text": "incredibly bizarre. You You wouldn't"}, {"start": "00:17:21", "end": "00:17:30", "text": "believe. Anywh who, that's the um yeah,"}, {"start": "00:17:25", "end": "00:17:32", "text": "apparently one if not two more sovereign"}, {"start": "00:17:30", "end": "00:17:35", "text": "wealth funds are buying up uh Bitcoin"}, {"start": "00:17:32", "end": "00:17:37", "text": "directly. Not paper Bitcoin. They're"}, {"start": "00:17:35", "end": "00:17:40", "text": "buying up paper bit. They're buying up"}, {"start": "00:17:37", "end": "00:17:47", "text": "Bitcoin directly."}, {"start": "00:17:40", "end": "00:17:47", "text": "Sure, why not? Okay, let's move on."}, {"start": "00:17:47", "end": "00:17:53", "text": "In institutional news, they're all"}, {"start": "00:17:51", "end": "00:17:58", "text": "they're all here. All the all the"}, {"start": "00:17:53", "end": "00:18:01", "text": "companies continue to uh"}, {"start": "00:17:58", "end": "00:18:03", "text": "launch different products"}, {"start": "00:18:01", "end": "00:18:05", "text": "that"}, {"start": "00:18:03", "end": "00:18:09", "text": "would didn't make sense in a bare"}, {"start": "00:18:05", "end": "00:18:11", "text": "market. You as a mega company wouldn't"}, {"start": "00:18:09", "end": "00:18:14", "text": "launch new products or new things if"}, {"start": "00:18:11", "end": "00:18:16", "text": "you're expecting crypto prices to go"}, {"start": "00:18:14", "end": "00:18:19", "text": "down because that would essentially"}, {"start": "00:18:16", "end": "00:18:22", "text": "equate in like the thing that you"}, {"start": "00:18:19", "end": "00:18:26", "text": "launched not doing well."}, {"start": "00:18:22", "end": "00:18:28", "text": "So, Franklin Templeton is back in the"}, {"start": "00:18:26", "end": "00:18:30", "text": "news."}, {"start": "00:18:28", "end": "00:18:32", "text": "Where are the words? There we go. Uh,"}, {"start": "00:18:30", "end": "00:18:36", "text": "apparently Franklin Templeton is"}, {"start": "00:18:32", "end": "00:18:40", "text": "building a new crypto addition to their"}, {"start": "00:18:36", "end": "00:18:42", "text": "company. It says the division"}, {"start": "00:18:40", "end": "00:18:45", "text": "will be building on an existing digital"}, {"start": "00:18:42", "end": "00:18:47", "text": "asset unit inside Franklin Templeton"}, {"start": "00:18:45", "end": "00:18:51", "text": "that already handles fundamental"}, {"start": "00:18:47", "end": "00:18:55", "text": "research, active portfolio construction"}, {"start": "00:18:51", "end": "00:18:56", "text": "and institutional risk oversight."}, {"start": "00:18:55", "end": "00:18:59", "text": "Franklin Templeton has been building"}, {"start": "00:18:56", "end": "00:19:02", "text": "towards this for some time. The company"}, {"start": "00:18:59", "end": "00:19:05", "text": "has maintained a digital asset research"}, {"start": "00:19:02", "end": "00:19:08", "text": "unit and has been active in filing for"}, {"start": "00:19:05", "end": "00:19:10", "text": "digital asset products with regulators."}, {"start": "00:19:08", "end": "00:19:13", "text": "The formal creation of what they're"}, {"start": "00:19:10", "end": "00:19:15", "text": "calling Franklin Crypto"}, {"start": "00:19:13", "end": "00:19:17", "text": "signals that the firm is moving beyond"}, {"start": "00:19:15", "end": "00:19:21", "text": "exploratory positioning and into"}, {"start": "00:19:17", "end": "00:19:23", "text": "dedicated active management for the"}, {"start": "00:19:21", "end": "00:19:25", "text": "crypto industry. The move adds another"}, {"start": "00:19:23", "end": "00:19:26", "text": "major traditional asset manager to the"}, {"start": "00:19:25", "end": "00:19:29", "text": "list of firms building out"}, {"start": "00:19:26", "end": "00:19:32", "text": "institutional. This is crazy."}, {"start": "00:19:29", "end": "00:19:34", "text": "I"}, {"start": "00:19:32", "end": "00:19:36", "text": "How is this happening?"}, {"start": "00:19:34", "end": "00:19:38", "text": "How is this I feel like I'm going"}, {"start": "00:19:36", "end": "00:19:41", "text": "insane."}, {"start": "00:19:38", "end": "00:19:42", "text": "How can we have so many companies? Do"}, {"start": "00:19:41", "end": "00:19:45", "text": "you understand what it means for"}, {"start": "00:19:42", "end": "00:19:48", "text": "Franklin Temple, for Vanguard, for"}, {"start": "00:19:45", "end": "00:19:49", "text": "Goldman Sachs, for BlackRock, for"}, {"start": "00:19:48", "end": "00:19:52", "text": "Fidelity,"}, {"start": "00:19:49", "end": "00:19:54", "text": "for JP Morgan, for Bank of America to"}, {"start": "00:19:52", "end": "00:19:57", "text": "all announce"}, {"start": "00:19:54", "end": "00:20:00", "text": "in a 12 to 18month period that they're"}, {"start": "00:19:57", "end": "00:20:04", "text": "into crypto, that they're buying crypto,"}, {"start": "00:20:00", "end": "00:20:06", "text": "that they're filing for Bitcoin ETFs,"}, {"start": "00:20:04", "end": "00:20:08", "text": "that they're building out institutional"}, {"start": "00:20:06", "end": "00:20:11", "text": "grade everything, they're doing this for"}, {"start": "00:20:08", "end": "00:20:13", "text": "that, this is so and so. You don't do"}, {"start": "00:20:11", "end": "00:20:14", "text": "this"}, {"start": "00:20:13", "end": "00:20:17", "text": "unless you're expecting huge amounts of"}, {"start": "00:20:14", "end": "00:20:20", "text": "money to enter the market. You like you"}, {"start": "00:20:17", "end": "00:20:22", "text": "you would not you would not do this."}, {"start": "00:20:20", "end": "00:20:24", "text": "That's part of the what I think this is"}, {"start": "00:20:22", "end": "00:20:27", "text": "what I've gathered part of the confusion"}, {"start": "00:20:24", "end": "00:20:30", "text": "as well from a lot of people when"}, {"start": "00:20:27", "end": "00:20:32", "text": "discussing the idea of like a four-year"}, {"start": "00:20:30", "end": "00:20:36", "text": "cycle. If we're currently in a four year"}, {"start": "00:20:32", "end": "00:20:39", "text": "If we are currently in a 4year cycle,"}, {"start": "00:20:36", "end": "00:20:42", "text": "it would take some time for prices to"}, {"start": "00:20:39", "end": "00:20:44", "text": "like get back to where they were. That's"}, {"start": "00:20:42", "end": "00:20:48", "text": "how the normal four-year cycle works."}, {"start": "00:20:44", "end": "00:20:51", "text": "You wouldn't launch these things during"}, {"start": "00:20:48", "end": "00:20:54", "text": "any type of bearish like if if if we"}, {"start": "00:20:51", "end": "00:20:57", "text": "listen if you and I know that four-year"}, {"start": "00:20:54", "end": "00:21:00", "text": "cycles exist and we have a rough idea as"}, {"start": "00:20:57", "end": "00:21:03", "text": "to when prices will go down when prices"}, {"start": "00:21:00", "end": "00:21:06", "text": "will go back up I assure you Franklin"}, {"start": "00:21:03", "end": "00:21:10", "text": "Templeton and co their charts are out of"}, {"start": "00:21:06", "end": "00:21:13", "text": "this world. they can probably precisely"}, {"start": "00:21:10", "end": "00:21:15", "text": "see when prices would go down, when"}, {"start": "00:21:13", "end": "00:21:19", "text": "prices would move back up. You wouldn't"}, {"start": "00:21:15", "end": "00:21:22", "text": "launch this expecting prices to stay low"}, {"start": "00:21:19", "end": "00:21:24", "text": "or stay down for the next two years. You"}, {"start": "00:21:22", "end": "00:21:27", "text": "wouldn't. It would it would make no"}, {"start": "00:21:24", "end": "00:21:28", "text": "sense to your business model. all these"}, {"start": "00:21:27", "end": "00:21:31", "text": "companies who are filing for Bitcoin"}, {"start": "00:21:28", "end": "00:21:32", "text": "ETFs and I mean like not small names"}, {"start": "00:21:31", "end": "00:21:35", "text": "like Franklin Templeton and Goldman"}, {"start": "00:21:32", "end": "00:21:39", "text": "Sachs,"}, {"start": "00:21:35", "end": "00:21:40", "text": "you do so with the expectation that the"}, {"start": "00:21:39", "end": "00:21:43", "text": "institutional money is going to be there"}, {"start": "00:21:40", "end": "00:21:46", "text": "because Bitcoin's going to rebound that"}, {"start": "00:21:43", "end": "00:21:48", "text": "that the retail investors will go, \"Oh"}, {"start": "00:21:46", "end": "00:21:49", "text": "snaps, prices are going up higher. I"}, {"start": "00:21:48", "end": "00:21:53", "text": "have to get into the market.\" This is"}, {"start": "00:21:49", "end": "00:21:56", "text": "all very very weird, guys. This is all"}, {"start": "00:21:53", "end": "00:21:56", "text": "insanely weird."}, {"start": "00:21:57", "end": "00:22:00", "text": "The companies are buying huge amounts of"}, {"start": "00:21:59", "end": "00:22:03", "text": "Bitcoin. They're buying huge amounts of"}, {"start": "00:22:00", "end": "00:22:05", "text": "Ether."}, {"start": "00:22:03", "end": "00:22:06", "text": "We've had news the last few weeks. This"}, {"start": "00:22:05", "end": "00:22:08", "text": "company, that company, this extra"}, {"start": "00:22:06", "end": "00:22:11", "text": "company is also buying as well. We've"}, {"start": "00:22:08", "end": "00:22:13", "text": "had sprinkles of of news about like"}, {"start": "00:22:11", "end": "00:22:14", "text": "countries and other things like that"}, {"start": "00:22:13", "end": "00:22:18", "text": "also buying. Not even this thing like"}, {"start": "00:22:14", "end": "00:22:19", "text": "with the like that's that's new"}, {"start": "00:22:18", "end": "00:22:23", "text": "with the sovereign wealth funds. That"}, {"start": "00:22:19", "end": "00:22:23", "text": "that's that's new news."}, {"start": "00:22:24", "end": "00:22:28", "text": "Everyone's building out some kind of a"}, {"start": "00:22:26", "end": "00:22:31", "text": "crypto trading desk. Everyone's creating"}, {"start": "00:22:28", "end": "00:22:33", "text": "some kind of a cryptocurrency platform"}, {"start": "00:22:31", "end": "00:22:36", "text": "thing, existing ARM within their their"}, {"start": "00:22:33", "end": "00:22:36", "text": "structure."}, {"start": "00:22:37", "end": "00:22:42", "text": "When are prices going to go higher?"}, {"start": "00:22:42", "end": "00:22:47", "text": "Imagine if we heard all of this was"}, {"start": "00:22:45", "end": "00:22:50", "text": "happening"}, {"start": "00:22:47", "end": "00:22:53", "text": "for one company. Imagine if like all the"}, {"start": "00:22:50", "end": "00:22:55", "text": "Franklin Templeton, Goldman Sachs,"}, {"start": "00:22:53", "end": "00:22:58", "text": "everyone is like, \"We wholeheartedly"}, {"start": "00:22:55", "end": "00:23:00", "text": "believe in Apple. We're creating an"}, {"start": "00:22:58", "end": "00:23:03", "text": "Apple trading desk. We are going to make"}, {"start": "00:23:00", "end": "00:23:05", "text": "sure that we make as many Apple ETFs as"}, {"start": "00:23:03", "end": "00:23:07", "text": "possible."}, {"start": "00:23:05", "end": "00:23:09", "text": "Everyone's pointing to the exact same"}, {"start": "00:23:07", "end": "00:23:12", "text": "asset."}, {"start": "00:23:09", "end": "00:23:12", "text": "Every single person."}, {"start": "00:23:14", "end": "00:23:19", "text": "How could prices go down? How could"}, {"start": "00:23:16", "end": "00:23:21", "text": "people leave this market? How could"}, {"start": "00:23:19", "end": "00:23:24", "text": "people just not have any like remote"}, {"start": "00:23:21", "end": "00:23:27", "text": "conviction? These I'm re I'm being dead"}, {"start": "00:23:24", "end": "00:23:31", "text": "serious right now. I don't get it. I"}, {"start": "00:23:27", "end": "00:23:31", "text": "don't understand it."}, {"start": "00:23:33", "end": "00:23:38", "text": "For the crypto industry, the move adds"}, {"start": "00:23:36", "end": "00:23:41", "text": "another major traditional asset manager"}, {"start": "00:23:38", "end": "00:23:43", "text": "to the list of firms"}, {"start": "00:23:41", "end": "00:23:45", "text": "building out institutional-grade digital"}, {"start": "00:23:43", "end": "00:23:47", "text": "asset offerings."}, {"start": "00:23:45", "end": "00:23:49", "text": "That list has steadily has grown"}, {"start": "00:23:47", "end": "00:23:51", "text": "steadily as institutional demand for"}, {"start": "00:23:49", "end": "00:23:56", "text": "regulated professional managed crypto"}, {"start": "00:23:51", "end": "00:23:56", "text": "exposure hasn't has increased."}, {"start": "00:23:58", "end": "00:24:05", "text": "I I I'm I'm at a loss of words. I I"}, {"start": "00:24:02", "end": "00:24:08", "text": "really don't get it. I I truly don't"}, {"start": "00:24:05", "end": "00:24:11", "text": "understand. Um"}, {"start": "00:24:08", "end": "00:24:13", "text": "cool. That's the Franklin Templeton"}, {"start": "00:24:11", "end": "00:24:16", "text": "news. I I like to believe at some point"}, {"start": "00:24:13", "end": "00:24:18", "text": "it's all going to make sense. I truly"}, {"start": "00:24:16", "end": "00:24:20", "text": "like to believe at some point this will"}, {"start": "00:24:18", "end": "00:24:22", "text": "we'll sit here in 15 years and just kind"}, {"start": "00:24:20", "end": "00:24:23", "text": "of laugh and be like, \"Oh my gosh, do"}, {"start": "00:24:22", "end": "00:24:26", "text": "you remember when prices weren't moving?"}, {"start": "00:24:23", "end": "00:24:28", "text": "When prices went down? When Bitcoin"}, {"start": "00:24:26", "end": "00:24:32", "text": "should have been $280,000?"}, {"start": "00:24:28", "end": "00:24:35", "text": "It doesn't make sense. It's so bizarre."}, {"start": "00:24:32", "end": "00:24:38", "text": "It's so weird, guys. It's so weird."}, {"start": "00:24:35", "end": "00:24:40", "text": "I've I've seen even on on on Twitter"}, {"start": "00:24:38", "end": "00:24:41", "text": "online."}, {"start": "00:24:40", "end": "00:24:44", "text": "I've seen some of like the biggest"}, {"start": "00:24:41", "end": "00:24:47", "text": "analysts also kind of lose it as well."}, {"start": "00:24:44", "end": "00:24:48", "text": "They're like, \"What is happening? These"}, {"start": "00:24:47", "end": "00:24:50", "text": "numbers don't make sense.\" I know that"}, {"start": "00:24:48", "end": "00:24:52", "text": "the money behind the scenes is a"}, {"start": "00:24:50", "end": "00:24:55", "text": "gargantuan force and it can push prices"}, {"start": "00:24:52", "end": "00:24:58", "text": "down and manipulation's very easy in a"}, {"start": "00:24:55", "end": "00:25:00", "text": "brand new market, but"}, {"start": "00:24:58", "end": "00:25:01", "text": "I don't know how you could hear all this"}, {"start": "00:25:00", "end": "00:25:04", "text": "stuff about the market and then leave"}, {"start": "00:25:01", "end": "00:25:05", "text": "it. I don't know how you can hear"}, {"start": "00:25:04", "end": "00:25:08", "text": "constantly that this is happening every"}, {"start": "00:25:05", "end": "00:25:11", "text": "single day"}, {"start": "00:25:08", "end": "00:25:14", "text": "and just not pay attention to it. I find"}, {"start": "00:25:11", "end": "00:25:16", "text": "it very weird, guys. That's the Franklin"}, {"start": "00:25:14", "end": "00:25:19", "text": "Templeton news."}, {"start": "00:25:16", "end": "00:25:23", "text": "Okie dokie."}, {"start": "00:25:19", "end": "00:25:23", "text": "Let's move on."}, {"start": "00:25:23", "end": "00:25:29", "text": "Also in the news today, Hong Kong has"}, {"start": "00:25:27", "end": "00:25:32", "text": "officially confirmed"}, {"start": "00:25:29", "end": "00:25:35", "text": "that regulated stable coins will enter"}, {"start": "00:25:32", "end": "00:25:38", "text": "the market in the second half. It says"}, {"start": "00:25:35", "end": "00:25:40", "text": "2025. I assume it's a typo, marking a"}, {"start": "00:25:38", "end": "00:25:43", "text": "significant step in the city's push to"}, {"start": "00:25:40", "end": "00:25:46", "text": "establish itself as a leading digital"}, {"start": "00:25:43", "end": "00:25:48", "text": "asset hub. The announcement came in a"}, {"start": "00:25:46", "end": "00:25:51", "text": "written response from the government to"}, {"start": "00:25:48", "end": "00:25:54", "text": "the legislative council detailing the"}, {"start": "00:25:51", "end": "00:25:57", "text": "progress of its stable coin licensing"}, {"start": "00:25:54", "end": "00:25:59", "text": "framework. According to the statement,"}, {"start": "00:25:57", "end": "00:26:01", "text": "the Hong Kong Monetary Authority, the"}, {"start": "00:25:59", "end": "00:26:04", "text": "HKMA,"}, {"start": "00:26:01", "end": "00:26:06", "text": "issued stable coin issuance licenses to"}, {"start": "00:26:04", "end": "00:26:10", "text": "only two institutions"}, {"start": "00:26:06", "end": "00:26:12", "text": "backed by banks in April of last year."}, {"start": "00:26:10", "end": "00:26:14", "text": "These licensed entities are expected to"}, {"start": "00:26:12", "end": "00:26:16", "text": "launch their products in accordance with"}, {"start": "00:26:14", "end": "00:26:18", "text": "their respective business plans during"}, {"start": "00:26:16", "end": "00:26:21", "text": "the second half of the year. The move"}, {"start": "00:26:18", "end": "00:26:23", "text": "follows a sandbox regime launched"}, {"start": "00:26:21", "end": "00:26:26", "text": "earlier to test stable coin issuance"}, {"start": "00:26:23", "end": "00:26:30", "text": "under controlled conditions."}, {"start": "00:26:26", "end": "00:26:34", "text": "Uh yeah, also cool. Amazing. Um"}, {"start": "00:26:30", "end": "00:26:37", "text": "yeah, so stable coins are still a thing."}, {"start": "00:26:34", "end": "00:26:40", "text": "No, this is weird. No, this is bizarre."}, {"start": "00:26:37", "end": "00:26:42", "text": "This is this is this is I think this is"}, {"start": "00:26:40", "end": "00:26:45", "text": "going to break me. Like I I I I truly do"}, {"start": "00:26:42", "end": "00:26:46", "text": "think that and and and I'm certain it's"}, {"start": "00:26:45", "end": "00:26:48", "text": "happened for many other people as well."}, {"start": "00:26:46", "end": "00:26:49", "text": "I know I'm not alone sitting here"}, {"start": "00:26:48", "end": "00:26:52", "text": "thinking that this is all incredibly"}, {"start": "00:26:49", "end": "00:26:57", "text": "bizarre."}, {"start": "00:26:52", "end": "00:27:00", "text": "The adoption that we wanted is here."}, {"start": "00:26:57", "end": "00:27:02", "text": "The the the regulations that we were"}, {"start": "00:27:00", "end": "00:27:04", "text": "told to need are also here. Whatever the"}, {"start": "00:27:02", "end": "00:27:08", "text": "Clarity Act might have inside of it,"}, {"start": "00:27:04", "end": "00:27:10", "text": "sure, why not? Fantastic. Awesome."}, {"start": "00:27:08", "end": "00:27:12", "text": "all this buying, all this stuff. And for"}, {"start": "00:27:10", "end": "00:27:14", "text": "those of you who weren't here, um Hong"}, {"start": "00:27:12", "end": "00:27:17", "text": "Kong uh last year kind of like really"}, {"start": "00:27:14", "end": "00:27:20", "text": "took the crypto world by storm, uh they"}, {"start": "00:27:17", "end": "00:27:21", "text": "announced in January 2025,"}, {"start": "00:27:20", "end": "00:27:23", "text": "they were like, \"Yeah, we're going to"}, {"start": "00:27:21", "end": "00:27:26", "text": "have uh rules and regulations, you know,"}, {"start": "00:27:23", "end": "00:27:28", "text": "so we can have Bitcoin ETFs.\" I think it"}, {"start": "00:27:26", "end": "00:27:31", "text": "took them like two months,"}, {"start": "00:27:28", "end": "00:27:33", "text": "like two, not like two years. They they"}, {"start": "00:27:31", "end": "00:27:35", "text": "did it extremely fast. All this"}, {"start": "00:27:33", "end": "00:27:36", "text": "regulation is taking off around the"}, {"start": "00:27:35", "end": "00:27:39", "text": "planet a lot quicker than I think any of"}, {"start": "00:27:36", "end": "00:27:42", "text": "us could have actually"}, {"start": "00:27:39", "end": "00:27:43", "text": "expected. Are are there any of you"}, {"start": "00:27:42", "end": "00:27:45", "text": "sitting here who thought that we'd be"}, {"start": "00:27:43", "end": "00:27:47", "text": "exactly at these adoption levels right"}, {"start": "00:27:45", "end": "00:27:49", "text": "now? Like you were just adamant. You're"}, {"start": "00:27:47", "end": "00:27:53", "text": "like, \"No, actually"}, {"start": "00:27:49", "end": "00:27:55", "text": "July July 2026, all these companies will"}, {"start": "00:27:53", "end": "00:27:57", "text": "be in the space.\" We heard that people"}, {"start": "00:27:55", "end": "00:27:59", "text": "were moving into the market in 2019. I"}, {"start": "00:27:57", "end": "00:28:01", "text": "think we probably just couldn't have"}, {"start": "00:27:59", "end": "00:28:04", "text": "imagined the names that we're currently"}, {"start": "00:28:01", "end": "00:28:08", "text": "hearing. But"}, {"start": "00:28:04", "end": "00:28:10", "text": "yeah, my I"}, {"start": "00:28:08", "end": "00:28:12", "text": "I have a lot of you know what's also"}, {"start": "00:28:10", "end": "00:28:14", "text": "really weird? This is this is just a"}, {"start": "00:28:12", "end": "00:28:17", "text": "last thought. Over the years, a lot of"}, {"start": "00:28:14", "end": "00:28:20", "text": "times I come into contact with people"}, {"start": "00:28:17", "end": "00:28:22", "text": "who uh they find out I'm in crypto one"}, {"start": "00:28:20", "end": "00:28:24", "text": "way or another."}, {"start": "00:28:22", "end": "00:28:26", "text": "You know how weird it is to tell these"}, {"start": "00:28:24", "end": "00:28:27", "text": "people because sometimes like their"}, {"start": "00:28:26", "end": "00:28:29", "text": "faces will light up because they want to"}, {"start": "00:28:27", "end": "00:28:32", "text": "get into the market. They want to know"}, {"start": "00:28:29", "end": "00:28:34", "text": "what to do, where to invest. So I try"}, {"start": "00:28:32", "end": "00:28:38", "text": "and take baby steps with them. I I try"}, {"start": "00:28:34", "end": "00:28:40", "text": "and help them somewhere."}, {"start": "00:28:38", "end": "00:28:42", "text": "But I tell them"}, {"start": "00:28:40", "end": "00:28:45", "text": "I tell these people Black Rockck is in"}, {"start": "00:28:42", "end": "00:28:47", "text": "the market. All these mega companies"}, {"start": "00:28:45", "end": "00:28:50", "text": "that company"}, {"start": "00:28:47", "end": "00:28:52", "text": "they have 800,000 Bitcoin. I tell them"}, {"start": "00:28:50", "end": "00:28:55", "text": "how much Bitcoin is lost and gone"}, {"start": "00:28:52", "end": "00:28:56", "text": "forever. And they always they will look"}, {"start": "00:28:55", "end": "00:28:57", "text": "me in the eye and they go, \"I haven't"}, {"start": "00:28:56", "end": "00:28:59", "text": "looked at prices in a while.\" Like,"}, {"start": "00:28:57", "end": "00:29:01", "text": "\"Where do I look at prices?\" And I'll"}, {"start": "00:28:59", "end": "00:29:04", "text": "show them prices and you can see on"}, {"start": "00:29:01", "end": "00:29:06", "text": "their face they're like,"}, {"start": "00:29:04", "end": "00:29:09", "text": "\"If all that stuff is happening, I I"}, {"start": "00:29:06", "end": "00:29:11", "text": "assume Bitcoin was at like $228,000"}, {"start": "00:29:09", "end": "00:29:13", "text": "at this point. Bitcoin's like, \"Why is"}, {"start": "00:29:11", "end": "00:29:15", "text": "Bitcoin going down today in price?\" And"}, {"start": "00:29:13", "end": "00:29:18", "text": "I'm like, \"I don't It's It's market"}, {"start": "00:29:15", "end": "00:29:20", "text": "movements. It's it's just the way it's"}, {"start": "00:29:18", "end": "00:29:22", "text": "just the way that things are. And I can"}, {"start": "00:29:20", "end": "00:29:25", "text": "see that they like they're as confused"}, {"start": "00:29:22", "end": "00:29:27", "text": "as I am."}, {"start": "00:29:25", "end": "00:29:30", "text": "One of my friends last year, he's he he"}, {"start": "00:29:27", "end": "00:29:31", "text": "he did like consulting work and I was"}, {"start": "00:29:30", "end": "00:29:33", "text": "telling him about all these movements"}, {"start": "00:29:31", "end": "00:29:34", "text": "into crypto and at some point I sent him"}, {"start": "00:29:33", "end": "00:29:36", "text": "this stuff about Black Rockck and"}, {"start": "00:29:34", "end": "00:29:39", "text": "Fidelity and I remember he was like"}, {"start": "00:29:36", "end": "00:29:41", "text": "whoa. He checked the price that day. I"}, {"start": "00:29:39", "end": "00:29:43", "text": "think Bitcoin was down by three or 4%"}, {"start": "00:29:41", "end": "00:29:46", "text": "and he was like is this news from today?"}, {"start": "00:29:43", "end": "00:29:48", "text": "And I was like yeah. He was like,"}, {"start": "00:29:46", "end": "00:29:50", "text": "\"Oh,"}, {"start": "00:29:48", "end": "00:29:52", "text": "okay. All right. Well, you know, maybe"}, {"start": "00:29:50", "end": "00:29:54", "text": "maybe the price will rebound.\" Like,"}, {"start": "00:29:52", "end": "00:29:57", "text": "it's not it's not just us. It can't just"}, {"start": "00:29:54", "end": "00:29:59", "text": "be me."}, {"start": "00:29:57", "end": "00:30:03", "text": "How are"}, {"start": "00:29:59", "end": "00:30:06", "text": "things prices still so low"}, {"start": "00:30:03", "end": "00:30:06", "text": "with all this adoption?"}, {"start": "00:30:07", "end": "00:30:11", "text": "Um,"}, {"start": "00:30:08", "end": "00:30:14", "text": "I hope you've all enjoyed."}, {"start": "00:30:11", "end": "00:30:19", "text": "A uh very"}, {"start": "00:30:14", "end": "00:30:22", "text": "big thank you to um Finley Bass, Gilboa"}, {"start": "00:30:19", "end": "00:30:25", "text": "Snake, Trent Jackson, and to Gypsy"}, {"start": "00:30:22", "end": "00:30:27", "text": "Queen. Very big thank you to my Patreon"}, {"start": "00:30:25", "end": "00:30:28", "text": "supporters. You guys are absolutely"}, {"start": "00:30:27", "end": "00:30:30", "text": "[gasps]"}, {"start": "00:30:28", "end": "00:30:34", "text": "awesome. If you're looking for books on"}, {"start": "00:30:30", "end": "00:30:36", "text": "finance, I wrote a few. There are links"}, {"start": "00:30:34", "end": "00:30:39", "text": "to them in the description below the"}, {"start": "00:30:36", "end": "00:30:42", "text": "video. I do hope that you have all"}, {"start": "00:30:39", "end": "00:30:44", "text": "enjoyed. I am still very confused. I"}, {"start": "00:30:42", "end": "00:30:46", "text": "hope you all are having a great day, a"}, {"start": "00:30:44", "end": "00:30:48", "text": "great morning, a great afternoon, a"}, {"start": "00:30:46", "end": "00:30:50", "text": "great evening, wherever you are,"}, {"start": "00:30:48", "end": "00:30:53", "text": "wherever you might be. I do hope that it"}, {"start": "00:30:50", "end": "00:30:55", "text": "is absolutely fantastic."}, {"start": "00:30:53", "end": "00:30:57", "text": "Thank you all once again for watching,"}, {"start": "00:30:55", "end": "00:31:00", "text": "listening, liking, commenting, and"}, {"start": "00:30:57", "end": "00:31:03", "text": "supporting. and I will"}, {"start": "00:31:00", "end": "00:31:06", "text": "most certainly be talking to you all"}, {"start": "00:31:03", "end": "00:31:06", "text": "soon."}, {"start": "00:31:07", "end": "00:31:10", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:10", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:13", "text": "Welcome back for another video."}, {"start": "00:00:10", "end": "00:00:15", "text": "Hope you're all doing well."}, {"start": "00:00:13", "end": "00:00:19", "text": "Hope everyone out there is doing"}, {"start": "00:00:15", "end": "00:00:22", "text": "absolutely fantastic and that you're all"}, {"start": "00:00:19", "end": "00:00:26", "text": "having a great day. Hope you're all"}, {"start": "00:00:22", "end": "00:00:28", "text": "remembering to invest as well. It's very"}, {"start": "00:00:26", "end": "00:00:32", "text": "important because no one else is going"}, {"start": "00:00:28", "end": "00:00:38", "text": "to do it for you. Uh, and without any"}, {"start": "00:00:32", "end": "00:00:41", "text": "further ado, let's jump right into the"}, {"start": "00:00:38", "end": "00:00:43", "text": "I don't want to say the madness, but um,"}, {"start": "00:00:41", "end": "00:00:45", "text": "some crazy things have of course"}, {"start": "00:00:43", "end": "00:00:48", "text": "happened within the cryptocurrency"}, {"start": "00:00:45", "end": "00:00:53", "text": "market that a lot of people are"}, {"start": "00:00:48", "end": "00:00:56", "text": "currently discussing. So uh the last few"}, {"start": "00:00:53", "end": "00:00:58", "text": "weeks uh we've seen a a bit of a"}, {"start": "00:00:56", "end": "00:01:02", "text": "turnaround and I I guess at this point"}, {"start": "00:00:58", "end": "00:01:04", "text": "it is kind of just normaly for the"}, {"start": "00:01:02", "end": "00:01:08", "text": "crypto market that people are discussing"}, {"start": "00:01:04", "end": "00:01:11", "text": "um higher prices being on the horizon."}, {"start": "00:01:08", "end": "00:01:14", "text": "If you missed any of the last eight"}, {"start": "00:01:11", "end": "00:01:18", "text": "videos, somewhere around there, there's"}, {"start": "00:01:14", "end": "00:01:20", "text": "been a lightly heavy sprinkle of"}, {"start": "00:01:18", "end": "00:01:23", "text": "companies and banks uh issuing price"}, {"start": "00:01:20", "end": "00:01:25", "text": "predictions for Bitcoin over the course"}, {"start": "00:01:23", "end": "00:01:27", "text": "of the next couple of weeks to the next"}, {"start": "00:01:25", "end": "00:01:32", "text": "couple of months. We've of course had"}, {"start": "00:01:27", "end": "00:01:35", "text": "the the very intense uh Bitcoin 2029."}, {"start": "00:01:32", "end": "00:01:38", "text": "Bitcoin's gearing up for this in 2030."}, {"start": "00:01:35", "end": "00:01:42", "text": "But as far as the short term, a lot of"}, {"start": "00:01:38", "end": "00:01:45", "text": "what we're hearing is uh relative"}, {"start": "00:01:42", "end": "00:01:50", "text": "consolidation, prices moving higher."}, {"start": "00:01:45", "end": "00:01:53", "text": "If we uh do not get out of this rut of"}, {"start": "00:01:50", "end": "00:01:56", "text": "uh current world events, prices will"}, {"start": "00:01:53", "end": "00:01:59", "text": "probably take a a bit longer to recover"}, {"start": "00:01:56", "end": "00:02:03", "text": "because that's just how uh markets are."}, {"start": "00:01:59", "end": "00:02:07", "text": "However, in that same exact sentence, a"}, {"start": "00:02:03", "end": "00:02:09", "text": "lot of companies have rebounded as well,"}, {"start": "00:02:07", "end": "00:02:14", "text": "there seems to be a loss or"}, {"start": "00:02:09", "end": "00:02:18", "text": "disappearance of fear from what uh Micro"}, {"start": "00:02:14", "end": "00:02:20", "text": "Strategy has done. They announced uh was"}, {"start": "00:02:18", "end": "00:02:23", "text": "it about a week ago, maybe even a little"}, {"start": "00:02:20", "end": "00:02:25", "text": "bit more at this point, uh that they"}, {"start": "00:02:23", "end": "00:02:28", "text": "were going to sell off Bitcoin. They"}, {"start": "00:02:25", "end": "00:02:31", "text": "subsequently sold off the Bitcoin and"}, {"start": "00:02:28", "end": "00:02:34", "text": "the market at that point at least like"}, {"start": "00:02:31", "end": "00:02:36", "text": "did not collapse. There were no negative"}, {"start": "00:02:34", "end": "00:02:38", "text": "re reverberations almost said"}, {"start": "00:02:36", "end": "00:02:40", "text": "reverberations"}, {"start": "00:02:38", "end": "00:02:43", "text": "uh from that which led a lot of people"}, {"start": "00:02:40", "end": "00:02:46", "text": "to believe that the market kind of"}, {"start": "00:02:43", "end": "00:02:48", "text": "absorbed their their their selling."}, {"start": "00:02:46", "end": "00:02:51", "text": "Therefore, it was immediately bought up."}, {"start": "00:02:48", "end": "00:02:54", "text": "Bitcoin looks quite strong. We've been"}, {"start": "00:02:51", "end": "00:02:56", "text": "hearing that Bitcoin needs"}, {"start": "00:02:54", "end": "00:03:00", "text": "to go back above what was it 70 or"}, {"start": "00:02:56", "end": "00:03:03", "text": "75,000 continuously over the course of"}, {"start": "00:03:00", "end": "00:03:06", "text": "multiple days uh for Bitcoin to have"}, {"start": "00:03:03", "end": "00:03:10", "text": "formed a newer bottom and therefore"}, {"start": "00:03:06", "end": "00:03:14", "text": "100,000 might be on the horizon once"}, {"start": "00:03:10", "end": "00:03:19", "text": "again. We should"}, {"start": "00:03:14", "end": "00:03:23", "text": "logically at this point already be well"}, {"start": "00:03:19", "end": "00:03:27", "text": "well over $300,000 a coin. But that's"}, {"start": "00:03:23", "end": "00:03:33", "text": "just um how I personally feel about"}, {"start": "00:03:27", "end": "00:03:36", "text": "this. So, in very popular news,"}, {"start": "00:03:33", "end": "00:03:39", "text": "what we're getting as of late is uh this"}, {"start": "00:03:36", "end": "00:03:42", "text": "kind of the word's not resurgence, but"}, {"start": "00:03:39", "end": "00:03:45", "text": "like hey, you know, we believe in this"}, {"start": "00:03:42", "end": "00:03:49", "text": "once again and therefore we're going to"}, {"start": "00:03:45", "end": "00:03:51", "text": "continue our purchasing. I always chat"}, {"start": "00:03:49", "end": "00:03:55", "text": "with a number of friends about this and"}, {"start": "00:03:51", "end": "00:03:58", "text": "and sometimes I I feel like I'm"}, {"start": "00:03:55", "end": "00:04:01", "text": "different or like I'm the odd one out. I"}, {"start": "00:03:58", "end": "00:04:03", "text": "always kind of imagine like what all of"}, {"start": "00:04:01", "end": "00:04:05", "text": "this is going to equate to as far as"}, {"start": "00:04:03", "end": "00:04:07", "text": "like the people who are accumulating"}, {"start": "00:04:05", "end": "00:04:10", "text": "these coins who seem so adamant who are"}, {"start": "00:04:07", "end": "00:04:12", "text": "like basically absorbing this supply."}, {"start": "00:04:10", "end": "00:04:13", "text": "And I mean that also from many of you as"}, {"start": "00:04:12", "end": "00:04:16", "text": "well."}, {"start": "00:04:13", "end": "00:04:17", "text": "Do you ever have ideas as to like you're"}, {"start": "00:04:16", "end": "00:04:20", "text": "accumulating crypto because you're"}, {"start": "00:04:17", "end": "00:04:22", "text": "expecting prices to go higher? Yes. Same"}, {"start": "00:04:20", "end": "00:04:24", "text": "with every single investment. But have"}, {"start": "00:04:22", "end": "00:04:27", "text": "you ever thought of like what's going to"}, {"start": "00:04:24", "end": "00:04:31", "text": "happen like if we actually get to like a"}, {"start": "00:04:27", "end": "00:04:34", "text": "$1.6 million Bitcoin? What if Ethereum"}, {"start": "00:04:31", "end": "00:04:38", "text": "does end up hitting $33,000 a coin? What"}, {"start": "00:04:34", "end": "00:04:39", "text": "if we have a $48 XRP? These companies"}, {"start": "00:04:38", "end": "00:04:41", "text": "seem to be moving in that direction as"}, {"start": "00:04:39", "end": "00:04:43", "text": "they're expecting prices to go higher."}, {"start": "00:04:41", "end": "00:04:47", "text": "But like have you ever thought about"}, {"start": "00:04:43", "end": "00:04:50", "text": "yourself like where that would put you"}, {"start": "00:04:47", "end": "00:04:52", "text": "in terms of like life and also uh"}, {"start": "00:04:50", "end": "00:04:55", "text": "wealth?"}, {"start": "00:04:52", "end": "00:04:58", "text": "In the news today, Metaplanet,"}, {"start": "00:04:55", "end": "00:05:00", "text": "a publicly traded company based in"}, {"start": "00:04:58", "end": "00:05:02", "text": "Japan,"}, {"start": "00:05:00", "end": "00:05:05", "text": "continues to grow its Bitcoin"}, {"start": "00:05:02", "end": "00:05:08", "text": "investments. In its latest announcement,"}, {"start": "00:05:05", "end": "00:05:12", "text": "the company stated that it's purchased"}, {"start": "00:05:08", "end": "00:05:12", "text": "an additional 2,823"}, {"start": "00:05:13", "end": "00:05:19", "text": "Bitcoin. With the latest purchase,"}, {"start": "00:05:16", "end": "00:05:23", "text": "Metaplanet's total Bitcoin holdings have"}, {"start": "00:05:19", "end": "00:05:23", "text": "risen to 43,000"}, {"start": "00:05:23", "end": "00:05:30", "text": "Bitcoin. This is fascinating because"}, {"start": "00:05:27", "end": "00:05:34", "text": "MetaPlanet became very popular last"}, {"start": "00:05:30", "end": "00:05:36", "text": "year, announcing that they were going to"}, {"start": "00:05:34", "end": "00:05:39", "text": "lightly mimic what Meta what a"}, {"start": "00:05:36", "end": "00:05:41", "text": "MetaPlanet Metlanet announced that they"}, {"start": "00:05:39", "end": "00:05:44", "text": "were going to lightly mimic what Micro"}, {"start": "00:05:41", "end": "00:05:47", "text": "Strategy was doing back then. But I"}, {"start": "00:05:44", "end": "00:05:50", "text": "would appear they're not going the more"}, {"start": "00:05:47", "end": "00:05:52", "text": "uh extreme route of trying to buy"}, {"start": "00:05:50", "end": "00:05:54", "text": "billions of dollars worth of Bitcoin uh"}, {"start": "00:05:52", "end": "00:05:57", "text": "per month. very smart. It gives"}, {"start": "00:05:54", "end": "00:06:01", "text": "longevity in their purchases and actual"}, {"start": "00:05:57", "end": "00:06:04", "text": "investor uh confidence. The other tricky"}, {"start": "00:06:01", "end": "00:06:07", "text": "part at least for me is like where they"}, {"start": "00:06:04", "end": "00:06:10", "text": "go from here. Metaplanet became"}, {"start": "00:06:07", "end": "00:06:14", "text": "incredibly popular, not only because"}, {"start": "00:06:10", "end": "00:06:17", "text": "we're going to mimic Micro Strategy, but"}, {"start": "00:06:14", "end": "00:06:19", "text": "because they were the second company, I"}, {"start": "00:06:17", "end": "00:06:24", "text": "don't remember, to announce that they"}, {"start": "00:06:19", "end": "00:06:26", "text": "want to have 210,000"}, {"start": "00:06:24", "end": "00:06:30", "text": "Bitcoin for themselves."}, {"start": "00:06:26", "end": "00:06:34", "text": "The numbers, if you remember, are"}, {"start": "00:06:30", "end": "00:06:35", "text": "supposed to happen sometime in the year"}, {"start": "00:06:34", "end": "00:06:38", "text": "uh 2027."}, {"start": "00:06:35", "end": "00:06:40", "text": "which is almost right next door. So, I"}, {"start": "00:06:38", "end": "00:06:43", "text": "do wonder how their purchases are going"}, {"start": "00:06:40", "end": "00:06:46", "text": "to shape up, if they're going to get to"}, {"start": "00:06:43", "end": "00:06:49", "text": "their original goal. Metaplanet's"}, {"start": "00:06:46", "end": "00:06:51", "text": "original number was 100,000 Bitcoin. And"}, {"start": "00:06:49", "end": "00:06:53", "text": "let me let me let me just say something."}, {"start": "00:06:51", "end": "00:06:55", "text": "I'm not knocking their purchases. I'm"}, {"start": "00:06:53", "end": "00:06:58", "text": "not like [laughter] they only bought"}, {"start": "00:06:55", "end": "00:07:03", "text": "2,800. That's a gargantuan amount of"}, {"start": "00:06:58", "end": "00:07:07", "text": "anything. If you had bought 2,823"}, {"start": "00:07:03", "end": "00:07:09", "text": "1oz pieces of gold or silver, that's an"}, {"start": "00:07:07", "end": "00:07:11", "text": "enormous amount of money. So, them doing"}, {"start": "00:07:09", "end": "00:07:14", "text": "it for Bitcoin, of course, it takes a"}, {"start": "00:07:11", "end": "00:07:17", "text": "lot of capital, but I think"}, {"start": "00:07:14", "end": "00:07:20", "text": "I think it's okay if they don't get to a"}, {"start": "00:07:17", "end": "00:07:23", "text": "100,000 Bitcoin. I think it's totally"}, {"start": "00:07:20", "end": "00:07:26", "text": "fine if they don't end up having 210,000"}, {"start": "00:07:23", "end": "00:07:28", "text": "Bitcoin that are meant for like you and"}, {"start": "00:07:26", "end": "00:07:31", "text": "your friends and your like family"}, {"start": "00:07:28", "end": "00:07:34", "text": "members and other in investors out"}, {"start": "00:07:31", "end": "00:07:36", "text": "there. It also obviously becomes a lot"}, {"start": "00:07:34", "end": "00:07:40", "text": "more difficult if Bitcoin rises in"}, {"start": "00:07:36", "end": "00:07:44", "text": "price. If Bitcoin sitting around 60,000,"}, {"start": "00:07:40", "end": "00:07:48", "text": "you buy 2,800 Bitcoin. Logic tells me"}, {"start": "00:07:44", "end": "00:07:51", "text": "61218. If we triple in price,"}, {"start": "00:07:48", "end": "00:07:53", "text": "I assume they're only buying about 800"}, {"start": "00:07:51", "end": "00:07:56", "text": "900 Bitcoin"}, {"start": "00:07:53", "end": "00:07:58", "text": "instead of the 2,800 that they have."}, {"start": "00:07:56", "end": "00:08:02", "text": "Then it becomes a lot more difficult to"}, {"start": "00:07:58", "end": "00:08:05", "text": "actually get to that 210,000"}, {"start": "00:08:02", "end": "00:08:07", "text": "Bitcoin that they say that they want."}, {"start": "00:08:05", "end": "00:08:10", "text": "The company's announced new purchase"}, {"start": "00:08:07", "end": "00:08:13", "text": "once again demonstrates the continuing"}, {"start": "00:08:10", "end": "00:08:16", "text": "trend of institutional companies viewing"}, {"start": "00:08:13", "end": "00:08:18", "text": "Bitcoin as a reserve asset. There's"}, {"start": "00:08:16", "end": "00:08:22", "text": "there's been an uptick. There's been a"}, {"start": "00:08:18", "end": "00:08:24", "text": "return in in companies announcing, okay,"}, {"start": "00:08:22", "end": "00:08:26", "text": "you know, we we we missed a couple of"}, {"start": "00:08:24", "end": "00:08:28", "text": "months. Uh prices were kind of all over"}, {"start": "00:08:26", "end": "00:08:30", "text": "the place, but now that it looks like a"}, {"start": "00:08:28", "end": "00:08:32", "text": "good entry point, we're going to be"}, {"start": "00:08:30", "end": "00:08:37", "text": "buying again. It's very interesting"}, {"start": "00:08:32", "end": "00:08:39", "text": "because as I said, you would not"}, {"start": "00:08:37", "end": "00:08:42", "text": "purchase an investment, especially at"}, {"start": "00:08:39", "end": "00:08:45", "text": "this scale, unless you were expecting or"}, {"start": "00:08:42", "end": "00:08:48", "text": "knew that the price was going to go up"}, {"start": "00:08:45", "end": "00:08:50", "text": "higher. You you just simply would not"}, {"start": "00:08:48", "end": "00:08:51", "text": "put literally put all of your eggs into"}, {"start": "00:08:50", "end": "00:08:53", "text": "one basket."}, {"start": "00:08:51", "end": "00:08:56", "text": "The recent addition of Bitcoin to"}, {"start": "00:08:53", "end": "00:08:59", "text": "balance sheets of several publicly"}, {"start": "00:08:56", "end": "00:09:01", "text": "traded companies in particular"}, {"start": "00:08:59", "end": "00:09:04", "text": "reinforces the view that institutional"}, {"start": "00:09:01", "end": "00:09:08", "text": "adoption is strengthening in the crypto"}, {"start": "00:09:04", "end": "00:09:10", "text": "market. Metaplanet has become one of the"}, {"start": "00:09:08", "end": "00:09:13", "text": "companies that has stood out in recent"}, {"start": "00:09:10", "end": "00:09:16", "text": "months with its Bitcoin focus strategy."}, {"start": "00:09:13", "end": "00:09:18", "text": "The Japanese company positions digital"}, {"start": "00:09:16", "end": "00:09:21", "text": "assets as a long-term treasury"}, {"start": "00:09:18", "end": "00:09:24", "text": "management tool, steadily increasing its"}, {"start": "00:09:21", "end": "00:09:28", "text": "total reserves through regular"}, {"start": "00:09:24", "end": "00:09:30", "text": "purchases. Yeah, genius. I cannot"}, {"start": "00:09:28", "end": "00:09:33", "text": "explain to you how much I wish I had"}, {"start": "00:09:30", "end": "00:09:37", "text": "enough money to be able to casually"}, {"start": "00:09:33", "end": "00:09:39", "text": "purchase 2,800 Bitcoin and be like, \"All"}, {"start": "00:09:37", "end": "00:09:42", "text": "right, well, let's go on the yacht and"}, {"start": "00:09:39", "end": "00:09:45", "text": "let's go have some fun.\" That would um"}, {"start": "00:09:42", "end": "00:09:47", "text": "that would probably make my day. That's"}, {"start": "00:09:45", "end": "00:09:51", "text": "the Metaplanet news. Of course, very"}, {"start": "00:09:47", "end": "00:09:54", "text": "popular anytime that we hear anything"}, {"start": "00:09:51", "end": "00:09:56", "text": "from MetaPlanet or Micro Strategy,"}, {"start": "00:09:54", "end": "00:09:59", "text": "especially Micro Strategy. Again, they"}, {"start": "00:09:56", "end": "00:10:01", "text": "they seem to have their PR worked. I"}, {"start": "00:09:59", "end": "00:10:03", "text": "don't know exactly what they did, but"}, {"start": "00:10:01", "end": "00:10:06", "text": "I'm finding almost no negative news"}, {"start": "00:10:03", "end": "00:10:08", "text": "about them like there was two weeks ago."}, {"start": "00:10:06", "end": "00:10:10", "text": "Uh they did sell off some Bitcoin. I"}, {"start": "00:10:08", "end": "00:10:13", "text": "think it was"}, {"start": "00:10:10", "end": "00:10:16", "text": "like several hundred million. It wasn't"}, {"start": "00:10:13", "end": "00:10:20", "text": "the 1.25 billion that they said, but"}, {"start": "00:10:16", "end": "00:10:22", "text": "alas, you know, here we are. It also"}, {"start": "00:10:20", "end": "00:10:24", "text": "says it right here like the company u"}, {"start": "00:10:22", "end": "00:10:27", "text": "Metaplanet"}, {"start": "00:10:24", "end": "00:10:30", "text": "set a target of 100,000"}, {"start": "00:10:27", "end": "00:10:33", "text": "Bitcoin by the end of 2026."}, {"start": "00:10:30", "end": "00:10:36", "text": "by the end of this year, which requires"}, {"start": "00:10:33", "end": "00:10:40", "text": "them to add 57,000"}, {"start": "00:10:36", "end": "00:10:45", "text": "more Bitcoin in the remaining months."}, {"start": "00:10:40", "end": "00:10:46", "text": "Godspeed. I hope it works out for you. I"}, {"start": "00:10:45", "end": "00:10:49", "text": "mean, you know, I want those coins to go"}, {"start": "00:10:46", "end": "00:10:52", "text": "to like normal people, but sure, you"}, {"start": "00:10:49", "end": "00:10:55", "text": "know, why not? Okie dokie. That's the"}, {"start": "00:10:52", "end": "00:10:59", "text": "mega companies still purchasing huge"}, {"start": "00:10:55", "end": "00:11:01", "text": "amounts of Bitcoin. We also had some"}, {"start": "00:10:59", "end": "00:11:03", "text": "I think it was also a few days ago there"}, {"start": "00:11:01", "end": "00:11:05", "text": "are some companies who are like"}, {"start": "00:11:03", "end": "00:11:08", "text": "periodically they're just purchasing 27"}, {"start": "00:11:05", "end": "00:11:10", "text": "bitcoin that company purchase 42 like"}, {"start": "00:11:08", "end": "00:11:14", "text": "it's also happening in the background"}, {"start": "00:11:10", "end": "00:11:15", "text": "but these the meta planet news is the"}, {"start": "00:11:14", "end": "00:11:17", "text": "one that of course gets the most"}, {"start": "00:11:15", "end": "00:11:19", "text": "popularity it's really weird even like a"}, {"start": "00:11:17", "end": "00:11:21", "text": "lot of times you can see people saying"}, {"start": "00:11:19", "end": "00:11:23", "text": "like hey on Twitter or whatever people"}, {"start": "00:11:21", "end": "00:11:27", "text": "are like hey"}, {"start": "00:11:23", "end": "00:11:29", "text": "this company just bought you $7 million"}, {"start": "00:11:27", "end": "00:11:32", "text": "worth of Bitcoin. And the comments are"}, {"start": "00:11:29", "end": "00:11:35", "text": "like kind of negative. It's almost like"}, {"start": "00:11:32", "end": "00:11:38", "text": "$7 million isn't a lot of money and as"}, {"start": "00:11:35", "end": "00:11:39", "text": "if $7 million worth of Bitcoin like"}, {"start": "00:11:38", "end": "00:11:43", "text": "isn't a huge amount. Like people just"}, {"start": "00:11:39", "end": "00:11:45", "text": "don't gravitate to like the smaller"}, {"start": "00:11:43", "end": "00:11:49", "text": "company news. The smaller companies are"}, {"start": "00:11:45", "end": "00:11:51", "text": "still buying, but it's the gargantuan"}, {"start": "00:11:49", "end": "00:11:52", "text": "purchases of course that end up making"}, {"start": "00:11:51", "end": "00:11:57", "text": "um"}, {"start": "00:11:52", "end": "00:12:00", "text": "the popular news. Okie dokie."}, {"start": "00:11:57", "end": "00:12:00", "text": "Let's move on."}, {"start": "00:12:01", "end": "00:12:07", "text": "[sighs and gasps] I"}, {"start": "00:12:03", "end": "00:12:10", "text": "My soul wants to ask why,"}, {"start": "00:12:07", "end": "00:12:12", "text": "but I think deep down inside we all know"}, {"start": "00:12:10", "end": "00:12:14", "text": "um Charles Hoskinson is back in the"}, {"start": "00:12:12", "end": "00:12:17", "text": "news."}, {"start": "00:12:14", "end": "00:12:20", "text": "I I listen, I can't hear you, but I know"}, {"start": "00:12:17", "end": "00:12:23", "text": "that someone just said, \"Oh no."}, {"start": "00:12:20", "end": "00:12:26", "text": "Oh no. Not again.\" Charles Hoskinson is"}, {"start": "00:12:23", "end": "00:12:28", "text": "the creator of Cardano,"}, {"start": "00:12:26", "end": "00:12:33", "text": "one of the most popular cryptocurrencies"}, {"start": "00:12:28", "end": "00:12:37", "text": "in the world. Uh, recent struggles over"}, {"start": "00:12:33", "end": "00:12:41", "text": "the last two months have have surfaced"}, {"start": "00:12:37", "end": "00:12:43", "text": "in some way or another. Uh, it was"}, {"start": "00:12:41", "end": "00:12:47", "text": "announced that there aren't many people"}, {"start": "00:12:43", "end": "00:12:50", "text": "actually using Cardano for whatever the"}, {"start": "00:12:47", "end": "00:12:54", "text": "reason might be. I would personally"}, {"start": "00:12:50", "end": "00:12:56", "text": "chalk that up to the um like the current"}, {"start": "00:12:54", "end": "00:12:58", "text": "state of the market, the current state"}, {"start": "00:12:56", "end": "00:13:00", "text": "of the world. A lot of investors in"}, {"start": "00:12:58", "end": "00:13:02", "text": "general have moved away from many"}, {"start": "00:13:00", "end": "00:13:04", "text": "markets. It's not just crypto if you"}, {"start": "00:13:02", "end": "00:13:07", "text": "didn't know. A lot of people have moved"}, {"start": "00:13:04", "end": "00:13:10", "text": "away from gold. A lot of investors have"}, {"start": "00:13:07", "end": "00:13:13", "text": "they're not shying away from real estate"}, {"start": "00:13:10", "end": "00:13:16", "text": "per se. They they can't really afford it"}, {"start": "00:13:13", "end": "00:13:19", "text": "at the moment. Crypto being down below a"}, {"start": "00:13:16", "end": "00:13:22", "text": "100,000 for Bitcoin, like I told you, is"}, {"start": "00:13:19", "end": "00:13:24", "text": "a really mental entry point for a lot of"}, {"start": "00:13:22", "end": "00:13:26", "text": "people. Same exact thing with stocks."}, {"start": "00:13:24", "end": "00:13:30", "text": "Certain stock companies might be doing"}, {"start": "00:13:26", "end": "00:13:32", "text": "well. Other ones aren't, and a lot of"}, {"start": "00:13:30", "end": "00:13:34", "text": "retail investors have kind of flood."}, {"start": "00:13:32", "end": "00:13:38", "text": "They're more focused on paying their"}, {"start": "00:13:34", "end": "00:13:40", "text": "rent and many other uh important things."}, {"start": "00:13:38", "end": "00:13:42", "text": "Um, so that's why I think and I mean"}, {"start": "00:13:40", "end": "00:13:46", "text": "once again if we were in like a bull run"}, {"start": "00:13:42", "end": "00:13:50", "text": "bull run bull run bull run bull run we'd"}, {"start": "00:13:46", "end": "00:13:54", "text": "have 10 15x the amount of usage of"}, {"start": "00:13:50", "end": "00:13:57", "text": "Cardano and many other uh chains as"}, {"start": "00:13:54", "end": "00:14:00", "text": "well. However, that cascaded into"}, {"start": "00:13:57", "end": "00:14:03", "text": "Charles Hoskinson asking people to use"}, {"start": "00:14:00", "end": "00:14:05", "text": "the the blockchain more. That turned"}, {"start": "00:14:03", "end": "00:14:08", "text": "into us finding out that the Cardano"}, {"start": "00:14:05", "end": "00:14:10", "text": "Foundation had a number of members"}, {"start": "00:14:08", "end": "00:14:12", "text": "leaving. They weren't alone cuz the same"}, {"start": "00:14:10", "end": "00:14:15", "text": "exact thing happened for the Ethereum"}, {"start": "00:14:12", "end": "00:14:19", "text": "Foundation. I think eight senior members"}, {"start": "00:14:15", "end": "00:14:22", "text": "left. No one knows what the internal uh"}, {"start": "00:14:19", "end": "00:14:25", "text": "scuffles are, but clearly something is"}, {"start": "00:14:22", "end": "00:14:28", "text": "happening. That uh kind of transformed"}, {"start": "00:14:25", "end": "00:14:30", "text": "into Charles Hoskinson announcing uh"}, {"start": "00:14:28", "end": "00:14:32", "text": "that he likes all the chains. you know,"}, {"start": "00:14:30", "end": "00:14:33", "text": "he's trying to be nice and you know,"}, {"start": "00:14:32", "end": "00:14:35", "text": "we're [snorts] working with Ripple,"}, {"start": "00:14:33", "end": "00:14:36", "text": "we're working with Bitcoin, we actually"}, {"start": "00:14:35", "end": "00:14:38", "text": "looked at this chain and we want to"}, {"start": "00:14:36", "end": "00:14:40", "text": "integrate with them, etc., etc. [snorts]"}, {"start": "00:14:38", "end": "00:14:42", "text": "And then that turned into what was it?"}, {"start": "00:14:40", "end": "00:14:44", "text": "Oh, yeah. Charles Hoskinson said he was"}, {"start": "00:14:42", "end": "00:14:46", "text": "going to step away from the project,"}, {"start": "00:14:44", "end": "00:14:49", "text": "which I was all for because I think"}, {"start": "00:14:46", "end": "00:14:52", "text": "there needs to be a"}, {"start": "00:14:49", "end": "00:14:54", "text": "a new rag tag group of people who kind"}, {"start": "00:14:52", "end": "00:14:56", "text": "of like breathe a fresh life into the"}, {"start": "00:14:54", "end": "00:14:59", "text": "project. It would really help especially"}, {"start": "00:14:56", "end": "00:15:01", "text": "for investors. Um, so something else"}, {"start": "00:14:59", "end": "00:15:03", "text": "dramatic happened. Oh, and then Cardano"}, {"start": "00:15:01", "end": "00:15:06", "text": "announced that they were going to be"}, {"start": "00:15:03", "end": "00:15:09", "text": "launching a brand new, what is it? I"}, {"start": "00:15:06", "end": "00:15:11", "text": "keep saying timeline in my head. Road"}, {"start": "00:15:09", "end": "00:15:15", "text": "map."}, {"start": "00:15:11", "end": "00:15:17", "text": "A brand new Cardano road map"}, {"start": "00:15:15", "end": "00:15:22", "text": "over the course of the next couple of"}, {"start": "00:15:17", "end": "00:15:24", "text": "years to basically show that Cardano"}, {"start": "00:15:22", "end": "00:15:26", "text": "still has its groove or something like"}, {"start": "00:15:24", "end": "00:15:28", "text": "that. This didn't go over very well with"}, {"start": "00:15:26", "end": "00:15:30", "text": "investors because no one cares about a"}, {"start": "00:15:28", "end": "00:15:33", "text": "road map anymore. The road maps should"}, {"start": "00:15:30", "end": "00:15:35", "text": "be done. [snorts] These chains have been"}, {"start": "00:15:33", "end": "00:15:39", "text": "around for a decade. You know, you"}, {"start": "00:15:35", "end": "00:15:43", "text": "should. Anyway, so in um I'm stepping"}, {"start": "00:15:39", "end": "00:15:44", "text": "away from other projects news. I'm not"}, {"start": "00:15:43", "end": "00:15:46", "text": "going to talk about crypto anymore. I'm"}, {"start": "00:15:44", "end": "00:15:48", "text": "just going to go enjoy my billion"}, {"start": "00:15:46", "end": "00:15:50", "text": "dollars because I'm incredibly wealthy"}, {"start": "00:15:48", "end": "00:15:54", "text": "news."}, {"start": "00:15:50", "end": "00:15:56", "text": "Cardano founder Charles Hoskinson"}, {"start": "00:15:54", "end": "00:15:58", "text": "considered one of the most outspoken"}, {"start": "00:15:56", "end": "00:16:01", "text": "figures in the cryptocurrency market."}, {"start": "00:15:58", "end": "00:16:03", "text": "Who [laughter] him? He's he's never been"}, {"start": "00:16:01", "end": "00:16:05", "text": "outspoken."}, {"start": "00:16:03", "end": "00:16:07", "text": "That'd be crazy. Considered one of the"}, {"start": "00:16:05", "end": "00:16:10", "text": "most outspoken figures in the"}, {"start": "00:16:07", "end": "00:16:13", "text": "cryptocurrency market has targeted"}, {"start": "00:16:10", "end": "00:16:16", "text": "Ethereum this time."}, {"start": "00:16:13", "end": "00:16:20", "text": "Accordingly, Charles Hoskinson is"}, {"start": "00:16:16", "end": "00:16:22", "text": "accusing Ethereum of copying Cardano."}, {"start": "00:16:20", "end": "00:16:22", "text": ">> [cough]"}, {"start": "00:16:23", "end": "00:16:29", "text": ">> More importantly, he's accusing Ethereum"}, {"start": "00:16:25", "end": "00:16:31", "text": "of copying Cardano's UTXO."}, {"start": "00:16:29", "end": "00:16:34", "text": "That's unspent transaction,"}, {"start": "00:16:31", "end": "00:16:37", "text": "I think, output. UTXO, I'm pretty sure."}, {"start": "00:16:34", "end": "00:16:40", "text": "Yeah, unspent transaction output model."}, {"start": "00:16:37", "end": "00:16:43", "text": "In his latest YouTube video, uh, ADA"}, {"start": "00:16:40", "end": "00:16:47", "text": "founder Charles Hoskinson accused the"}, {"start": "00:16:43", "end": "00:16:49", "text": "Ethereum Foundation of copying a concept"}, {"start": "00:16:47", "end": "00:16:53", "text": "that Cardano has been developing for a"}, {"start": "00:16:49", "end": "00:16:55", "text": "decade without attribution."}, {"start": "00:16:53", "end": "00:17:00", "text": "I can almost assure you without a shadow"}, {"start": "00:16:55", "end": "00:17:02", "text": "of a doubt, I'm not a developer. Um, if"}, {"start": "00:17:00", "end": "00:17:07", "text": "you are a developer, please tell me if"}, {"start": "00:17:02", "end": "00:17:09", "text": "I'm wrong. Um, I can almost guarantee"}, {"start": "00:17:07", "end": "00:17:11", "text": "if this was actually a thing. You don't"}, {"start": "00:17:09", "end": "00:17:14", "text": "know how crypto works and how loud"}, {"start": "00:17:11", "end": "00:17:16", "text": "people can be in the cryptocurrency"}, {"start": "00:17:14", "end": "00:17:19", "text": "space. If something like looks weird or"}, {"start": "00:17:16", "end": "00:17:22", "text": "if someone has copied, people are quite"}, {"start": "00:17:19", "end": "00:17:24", "text": "outspoken."}, {"start": "00:17:22", "end": "00:17:27", "text": "If we had heard that Ethereum had"}, {"start": "00:17:24", "end": "00:17:29", "text": "outright copied anything from Cardano,"}, {"start": "00:17:27", "end": "00:17:31", "text": "not borrowed it, not announced,"}, {"start": "00:17:29", "end": "00:17:33", "text": "whatever, like the pure copy, tons of"}, {"start": "00:17:31", "end": "00:17:35", "text": "developers would have been like, \"Well,"}, {"start": "00:17:33", "end": "00:17:38", "text": "Cardano is the better chain. They came"}, {"start": "00:17:35", "end": "00:17:39", "text": "up with it first. That's how crypto"}, {"start": "00:17:38", "end": "00:17:42", "text": "usually"}, {"start": "00:17:39", "end": "00:17:45", "text": "works. Um,"}, {"start": "00:17:42", "end": "00:17:48", "text": "according to"}, {"start": "00:17:45", "end": "00:17:51", "text": "something called Vos data. Okay."}, {"start": "00:17:48", "end": "00:17:53", "text": "Borrowing elements of Bitcoin's UTXO"}, {"start": "00:17:51", "end": "00:17:55", "text": "model could reduce Ethereum's persistent"}, {"start": "00:17:53", "end": "00:17:58", "text": "state usage and simple transactions."}, {"start": "00:17:55", "end": "00:17:58", "text": "What?"}, {"start": "00:17:59", "end": "00:18:03", "text": "What does that have to do with"}, {"start": "00:18:04", "end": "00:18:11", "text": "Anyway, Charles Hoskinson um is back in"}, {"start": "00:18:07", "end": "00:18:16", "text": "the news again because he has stated"}, {"start": "00:18:11", "end": "00:18:20", "text": "that Ethereum copied uh Cardano."}, {"start": "00:18:16", "end": "00:18:24", "text": "I I don't know if he wants a a thank you"}, {"start": "00:18:20", "end": "00:18:25", "text": "or a card. That's not a joke. He hasn't"}, {"start": "00:18:24", "end": "00:18:28", "text": "stated what he wants other than like"}, {"start": "00:18:25", "end": "00:18:31", "text": "they they stole from us."}, {"start": "00:18:28", "end": "00:18:35", "text": "Hoskinson famously um"}, {"start": "00:18:31", "end": "00:18:38", "text": "is is deemed one of the co-creators of"}, {"start": "00:18:35", "end": "00:18:40", "text": "Ethereum, but that is also heavily"}, {"start": "00:18:38", "end": "00:18:43", "text": "disputed in a number of different books."}, {"start": "00:18:40", "end": "00:18:46", "text": "Um so,"}, {"start": "00:18:43", "end": "00:18:48", "text": "um I thought it was a good idea if"}, {"start": "00:18:46", "end": "00:18:52", "text": "Hoskinson stepped away from the Cardano"}, {"start": "00:18:48", "end": "00:18:53", "text": "project at least for a year. Uh went on"}, {"start": "00:18:52", "end": "00:18:56", "text": "I assume he has a yacht. He's he's quite"}, {"start": "00:18:53", "end": "00:18:58", "text": "rich. Uh went onto a yacht. just went"}, {"start": "00:18:56", "end": "00:19:01", "text": "just went to Monaco for a while. Just"}, {"start": "00:18:58", "end": "00:19:04", "text": "kind of hung out, you know, had some had"}, {"start": "00:19:01", "end": "00:19:06", "text": "some uh some some strawberries and, you"}, {"start": "00:19:04", "end": "00:19:11", "text": "know, then like came back rejuvenated."}, {"start": "00:19:06", "end": "00:19:14", "text": "But nope, I I I give it four days."}, {"start": "00:19:11", "end": "00:19:17", "text": "We'll hear another Hoskinson calling out"}, {"start": "00:19:14", "end": "00:19:18", "text": "someone for something that didn't happen"}, {"start": "00:19:17", "end": "00:19:21", "text": "kind of news. If you don't know, this"}, {"start": "00:19:18", "end": "00:19:24", "text": "hurts the the Cardano project a lot."}, {"start": "00:19:21", "end": "00:19:28", "text": "[snorts] Um, I I know that many of you"}, {"start": "00:19:24", "end": "00:19:30", "text": "may have much conviction in Cardano, but"}, {"start": "00:19:28", "end": "00:19:34", "text": "understand, imagine if imagine if"}, {"start": "00:19:30", "end": "00:19:38", "text": "Satoshi Nakamoto was like still around"}, {"start": "00:19:34", "end": "00:19:41", "text": "and every 5 days Satoshi Nakamoto made a"}, {"start": "00:19:38", "end": "00:19:44", "text": "YouTube video where he's talking"}, {"start": "00:19:41", "end": "00:19:47", "text": "negatively about XRP and then he loves"}, {"start": "00:19:44", "end": "00:19:50", "text": "XRP and then he talks one day about"}, {"start": "00:19:47", "end": "00:19:52", "text": "like, you know, I I can't stand I can't"}, {"start": "00:19:50", "end": "00:19:53", "text": "stand that chain and then the next day"}, {"start": "00:19:52", "end": "00:19:56", "text": "he's like taking a photo with that"}, {"start": "00:19:53", "end": "00:19:58", "text": "person."}, {"start": "00:19:56", "end": "00:20:02", "text": "It's not um"}, {"start": "00:19:58", "end": "00:20:04", "text": "well that's the Cardano news. Um we"}, {"start": "00:20:02", "end": "00:20:06", "text": "still haven't gotten the road map. So"}, {"start": "00:20:04", "end": "00:20:08", "text": "that's going to be fascinating as well"}, {"start": "00:20:06", "end": "00:20:09", "text": "because it's going to be colorcoded like"}, {"start": "00:20:08", "end": "00:20:11", "text": "all their other road maps. So that's"}, {"start": "00:20:09", "end": "00:20:14", "text": "going to"}, {"start": "00:20:11", "end": "00:20:17", "text": "that's going to be fun."}, {"start": "00:20:14", "end": "00:20:20", "text": "Okie dokie."}, {"start": "00:20:17", "end": "00:20:25", "text": "Let's move on."}, {"start": "00:20:20", "end": "00:20:28", "text": "also in Yep. Uh so as I've been saying"}, {"start": "00:20:25", "end": "00:20:31", "text": "all the companies are back within the"}, {"start": "00:20:28", "end": "00:20:33", "text": "market. Uh we know for many of them what"}, {"start": "00:20:31", "end": "00:20:36", "text": "their end goal is. We know how much"}, {"start": "00:20:33", "end": "00:20:38", "text": "crypto they want to actually acquire."}, {"start": "00:20:36", "end": "00:20:41", "text": "I personally think those numbers are"}, {"start": "00:20:38", "end": "00:20:45", "text": "lies because we can obviously see that"}, {"start": "00:20:41", "end": "00:20:49", "text": "they're planning on buying far more than"}, {"start": "00:20:45", "end": "00:20:52", "text": "they're actually stating. Uh,"}, {"start": "00:20:49", "end": "00:20:56", "text": "it feels like we're back in this mad"}, {"start": "00:20:52", "end": "00:21:00", "text": "rush again, but without retail"}, {"start": "00:20:56", "end": "00:21:02", "text": "investors. How many answer? How many of"}, {"start": "00:21:00", "end": "00:21:05", "text": "you are actively like buying crypto all"}, {"start": "00:21:02", "end": "00:21:08", "text": "the time? Are you buying crypto once a"}, {"start": "00:21:05", "end": "00:21:10", "text": "month? Are you buying crypto? This is"}, {"start": "00:21:08", "end": "00:21:12", "text": "like a real question. I I want to know"}, {"start": "00:21:10", "end": "00:21:15", "text": "like what the"}, {"start": "00:21:12", "end": "00:21:17", "text": "is the allore still there for you? There"}, {"start": "00:21:15", "end": "00:21:19", "text": "are probably many crypto investors who"}, {"start": "00:21:17", "end": "00:21:22", "text": "aren't buying at all, who are maybe"}, {"start": "00:21:19", "end": "00:21:25", "text": "waiting for an actual $250,000 Bitcoin"}, {"start": "00:21:22", "end": "00:21:30", "text": "and then they go, \"Okay, cool. I'm I'm"}, {"start": "00:21:25", "end": "00:21:32", "text": "done.\" But it it's kind of this weird in"}, {"start": "00:21:30", "end": "00:21:34", "text": "between. We're getting like the"}, {"start": "00:21:32", "end": "00:21:36", "text": "institutional adoption news. It's quite"}, {"start": "00:21:34", "end": "00:21:39", "text": "heavy. We hear it all the time."}, {"start": "00:21:36", "end": "00:21:40", "text": "Institutions are buying. We know that"}, {"start": "00:21:39", "end": "00:21:42", "text": "they're there. But then we're also"}, {"start": "00:21:40", "end": "00:21:44", "text": "getting a lot of news that the smaller"}, {"start": "00:21:42", "end": "00:21:47", "text": "wallets are inactive or the smaller"}, {"start": "00:21:44", "end": "00:21:49", "text": "wallets have sold off their crypto or"}, {"start": "00:21:47", "end": "00:21:50", "text": "the retail investors, people who had one"}, {"start": "00:21:49", "end": "00:21:52", "text": "ether, they're like they're just not in"}, {"start": "00:21:50", "end": "00:21:54", "text": "the market anymore. They're not"}, {"start": "00:21:52", "end": "00:21:56", "text": "accumulating. But we're getting these"}, {"start": "00:21:54", "end": "00:21:59", "text": "huge"}, {"start": "00:21:56", "end": "00:22:01", "text": "accumulation purchases from these big"}, {"start": "00:21:59", "end": "00:22:04", "text": "companies. So, I guess it's kind of like"}, {"start": "00:22:01", "end": "00:22:06", "text": "a long-term thing. Are are you here in"}, {"start": "00:22:04", "end": "00:22:09", "text": "the market for the long term? Are you"}, {"start": "00:22:06", "end": "00:22:10", "text": "here to make, you know, millions of"}, {"start": "00:22:09", "end": "00:22:12", "text": "dollars? Do you only want to make five"}, {"start": "00:22:10", "end": "00:22:15", "text": "figures? Do you want six figures from"}, {"start": "00:22:12", "end": "00:22:20", "text": "your from your investments? What do you"}, {"start": "00:22:15", "end": "00:22:24", "text": "uh you know? Okay. Uh so, Bitine is back"}, {"start": "00:22:20", "end": "00:22:27", "text": "in the news. Uh it says Bitmine is"}, {"start": "00:22:24", "end": "00:22:30", "text": "staking 4.88"}, {"start": "00:22:27", "end": "00:22:33", "text": "million Ethereum"}, {"start": "00:22:30", "end": "00:22:36", "text": "as their annualized returns are"}, {"start": "00:22:33", "end": "00:22:38", "text": "projected to reach around $211"}, {"start": "00:22:36", "end": "00:22:40", "text": "million."}, {"start": "00:22:38", "end": "00:22:44", "text": "Their staking operation is becoming a"}, {"start": "00:22:40", "end": "00:22:47", "text": "core revenue driver. So,"}, {"start": "00:22:44", "end": "00:22:50", "text": "Bitmine, of course, very popular. They"}, {"start": "00:22:47", "end": "00:22:54", "text": "announced that they want to own 5% of"}, {"start": "00:22:50", "end": "00:22:56", "text": "all Ether that exists. Every time we"}, {"start": "00:22:54", "end": "00:22:59", "text": "hear about them, they're staking a"}, {"start": "00:22:56", "end": "00:23:03", "text": "little bit more Ether. The conundrum"}, {"start": "00:22:59", "end": "00:23:06", "text": "ends up being as we get more and more"}, {"start": "00:23:03", "end": "00:23:09", "text": "Ethereum that gets staked,"}, {"start": "00:23:06", "end": "00:23:12", "text": "this should"}, {"start": "00:23:09", "end": "00:23:16", "text": "be causing prices to rise."}, {"start": "00:23:12", "end": "00:23:19", "text": "We've had news years ago that 5% of all"}, {"start": "00:23:16", "end": "00:23:22", "text": "Ether was staked and then 7% and then 11"}, {"start": "00:23:19", "end": "00:23:25", "text": "and then 15 and I believe"}, {"start": "00:23:22", "end": "00:23:26", "text": "I believe we're at one out of every"}, {"start": "00:23:25", "end": "00:23:29", "text": "third Ether"}, {"start": "00:23:26", "end": "00:23:33", "text": "is now being staked. [gasps]"}, {"start": "00:23:29", "end": "00:23:36", "text": "For any other asset class that would be"}, {"start": "00:23:33", "end": "00:23:40", "text": "or equate into much higher prices but"}, {"start": "00:23:36", "end": "00:23:43", "text": "for crypto for some reason conundrum. We"}, {"start": "00:23:40", "end": "00:23:46", "text": "had news before that their uh staking"}, {"start": "00:23:43", "end": "00:23:50", "text": "rewards were around a million dollars"}, {"start": "00:23:46", "end": "00:23:53", "text": "per day from their staking previously,"}, {"start": "00:23:50", "end": "00:23:57", "text": "but as prices have gone down, it is now"}, {"start": "00:23:53", "end": "00:24:02", "text": "211 million, which is still"}, {"start": "00:23:57", "end": "00:24:07", "text": "I can you imagine getting $211 million"}, {"start": "00:24:02", "end": "00:24:11", "text": "passively from doing Jack diddly squat?"}, {"start": "00:24:07", "end": "00:24:13", "text": "Bit mine said it has staked 4.879"}, {"start": "00:24:11", "end": "00:24:16", "text": "million ether"}, {"start": "00:24:13", "end": "00:24:19", "text": "worth around 7.7"}, {"start": "00:24:16", "end": "00:24:21", "text": "billion US."}, {"start": "00:24:19", "end": "00:24:24", "text": "That represents more than 85%"}, {"start": "00:24:21", "end": "00:24:26", "text": "of their total ETH position. People are"}, {"start": "00:24:24", "end": "00:24:27", "text": "wondering exactly how much they plan on"}, {"start": "00:24:26", "end": "00:24:29", "text": "staking in general. Like what's the"}, {"start": "00:24:27", "end": "00:24:32", "text": "final number? There are also other"}, {"start": "00:24:29", "end": "00:24:34", "text": "companies doing this as well. The"}, {"start": "00:24:32", "end": "00:24:37", "text": "cryptocurrency market is testing itself"}, {"start": "00:24:34", "end": "00:24:38", "text": "and it's also testing us with a lot of"}, {"start": "00:24:37", "end": "00:24:41", "text": "the theories and the news that we've"}, {"start": "00:24:38", "end": "00:24:44", "text": "gotten over the years as to what would"}, {"start": "00:24:41", "end": "00:24:46", "text": "happen if that took place. We're seeing"}, {"start": "00:24:44", "end": "00:24:48", "text": "it. We're seeing the institutions buying"}, {"start": "00:24:46", "end": "00:24:52", "text": "up tons of crypto. We're seeing the"}, {"start": "00:24:48", "end": "00:24:56", "text": "institutions and many of you uh staking"}, {"start": "00:24:52", "end": "00:25:02", "text": "gargantuan amounts of cryptocurrencies."}, {"start": "00:24:56", "end": "00:25:06", "text": "And we still wonder why or when prices"}, {"start": "00:25:02", "end": "00:25:08", "text": "will actually uh respond to this because"}, {"start": "00:25:06", "end": "00:25:11", "text": "if for any other asset we heard that"}, {"start": "00:25:08", "end": "00:25:14", "text": "this was happening, prices would have"}, {"start": "00:25:11", "end": "00:25:16", "text": "gone up extremely extremely high. The"}, {"start": "00:25:14", "end": "00:25:22", "text": "company also recently completed an"}, {"start": "00:25:16", "end": "00:25:25", "text": "offering of 3.5 million shares of 9.5%"}, {"start": "00:25:22", "end": "00:25:28", "text": "series A perpetual preferred stock at"}, {"start": "00:25:25", "end": "00:25:30", "text": "$80 per share. Net proceeds were 273"}, {"start": "00:25:28", "end": "00:25:32", "text": "million. The preferred shares now trade"}, {"start": "00:25:30", "end": "00:25:34", "text": "on the New York Stock Exchange under the"}, {"start": "00:25:32", "end": "00:25:37", "text": "ticker BMNP"}, {"start": "00:25:34", "end": "00:25:40", "text": "with Oh my gosh. with dividends"}, {"start": "00:25:37", "end": "00:25:43", "text": "scheduled to be paid weekly."}, {"start": "00:25:40", "end": "00:25:47", "text": "What?"}, {"start": "00:25:43", "end": "00:25:49", "text": "Okay. Um,"}, {"start": "00:25:47", "end": "00:25:51", "text": "Lee said, \"The long-term crypto outlook"}, {"start": "00:25:49", "end": "00:25:52", "text": "remains supported by two forces. Wall"}, {"start": "00:25:51", "end": "00:25:55", "text": "Street's migration of legacy"}, {"start": "00:25:52", "end": "00:25:59", "text": "infrastructure onto crypto rails and the"}, {"start": "00:25:55", "end": "00:26:02", "text": "rise of Agentic AI payment systems."}, {"start": "00:25:59", "end": "00:26:05", "text": "That's also one of the major things"}, {"start": "00:26:02", "end": "00:26:07", "text": "going on right now is that we've kind of"}, {"start": "00:26:05", "end": "00:26:09", "text": "jumped in a skipped and a hopped and a"}, {"start": "00:26:07", "end": "00:26:13", "text": "lot of investors are now saying it's not"}, {"start": "00:26:09", "end": "00:26:16", "text": "just AI, it's AI agents that are also"}, {"start": "00:26:13", "end": "00:26:20", "text": "going to be uh the thing that also"}, {"start": "00:26:16", "end": "00:26:23", "text": "causes crypto prices to go a lot higher."}, {"start": "00:26:20", "end": "00:26:24", "text": "Yeah, the companies are still buying. I"}, {"start": "00:26:23", "end": "00:26:27", "text": "really wonder how many other investors"}, {"start": "00:26:24", "end": "00:26:29", "text": "are still investing in the market."}, {"start": "00:26:27", "end": "00:26:31", "text": "there's always a bit of a slowdown which"}, {"start": "00:26:29", "end": "00:26:33", "text": "is people leaving the space or uh"}, {"start": "00:26:31", "end": "00:26:36", "text": "waiting for prices to go lower which I"}, {"start": "00:26:33", "end": "00:26:39", "text": "also think is is very special when it"}, {"start": "00:26:36", "end": "00:26:40", "text": "ends up happening but um I would assume"}, {"start": "00:26:39", "end": "00:26:42", "text": "there's still a huge amount of"}, {"start": "00:26:40", "end": "00:26:44", "text": "conviction in the market. I think it's"}, {"start": "00:26:42", "end": "00:26:47", "text": "more so if you've been through a number"}, {"start": "00:26:44", "end": "00:26:49", "text": "of cycles you've seen this before. You"}, {"start": "00:26:47", "end": "00:26:50", "text": "know prices are going to recover. It's"}, {"start": "00:26:49", "end": "00:26:52", "text": "just a matter of when. And when they do"}, {"start": "00:26:50", "end": "00:26:54", "text": "recover, you look at your wallet, you"}, {"start": "00:26:52", "end": "00:26:56", "text": "go, \"Cool, I'm richer.\" But then"}, {"start": "00:26:54", "end": "00:26:59", "text": "everyone else rushes into the market as"}, {"start": "00:26:56", "end": "00:27:03", "text": "well uh just to try and make uh some"}, {"start": "00:26:59", "end": "00:27:08", "text": "quick monies. Yeah. A very big thank you"}, {"start": "00:27:03", "end": "00:27:10", "text": "to Gypsy Queen, Trent Jackson, Gilboa"}, {"start": "00:27:08", "end": "00:27:13", "text": "Snake, and Finley Bass. A very big thank"}, {"start": "00:27:10", "end": "00:27:14", "text": "you to my Patreon supporters. If you're"}, {"start": "00:27:13", "end": "00:27:16", "text": "looking to support the channel, there's"}, {"start": "00:27:14", "end": "00:27:19", "text": "a link to the Patreon in the description"}, {"start": "00:27:16", "end": "00:27:21", "text": "below. For those of you looking to get"}, {"start": "00:27:19", "end": "00:27:23", "text": "into real estate, I wrote a book."}, {"start": "00:27:21", "end": "00:27:26", "text": "There's also a book in the description"}, {"start": "00:27:23", "end": "00:27:28", "text": "below this video. I do hope you've all"}, {"start": "00:27:26", "end": "00:27:30", "text": "enjoyed. I do hope you all are having a"}, {"start": "00:27:28", "end": "00:27:31", "text": "great day, a great morning, a great"}, {"start": "00:27:30", "end": "00:27:33", "text": "afternoon, a great evening, wherever you"}, {"start": "00:27:31", "end": "00:27:35", "text": "are, wherever you might be. I do hope"}, {"start": "00:27:33", "end": "00:27:37", "text": "it's absolutely"}, {"start": "00:27:35", "end": "00:27:40", "text": "fantastic. Thank you all once again for"}, {"start": "00:27:37", "end": "00:27:44", "text": "watching, listening, liking, commenting,"}, {"start": "00:27:40", "end": "00:27:46", "text": "and supporting. And I will"}, {"start": "00:27:44", "end": "00:27:49", "text": "most certainly be talking to you all"}, {"start": "00:27:46", "end": "00:27:49", "text": "soon."}, {"start": "00:27:51", "end": "00:27:53", "text": "See"}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:12", "text": "Welcome back for another video."}, {"start": "00:00:09", "end": "00:00:15", "text": "Hope you're all doing well. Hope that"}, {"start": "00:00:12", "end": "00:00:18", "text": "everyone out there is"}, {"start": "00:00:15", "end": "00:00:21", "text": "doing absolutely fantastic. Hope you're"}, {"start": "00:00:18", "end": "00:00:24", "text": "all having a great day. Hope you're also"}, {"start": "00:00:21", "end": "00:00:27", "text": "remembering to invest. It it might have"}, {"start": "00:00:24", "end": "00:00:30", "text": "eluded some people the the idea that you"}, {"start": "00:00:27", "end": "00:00:33", "text": "need to continue to uh build up wealth"}, {"start": "00:00:30", "end": "00:00:37", "text": "in order to become wealthy. I I know"}, {"start": "00:00:33", "end": "00:00:38", "text": "it's very very shocking, right? Uh very"}, {"start": "00:00:37", "end": "00:00:41", "text": "big thank you to everyone who leaves a"}, {"start": "00:00:38", "end": "00:00:46", "text": "like, everyone who leaves a comment. It"}, {"start": "00:00:41", "end": "00:00:51", "text": "helps out the channel a lot. Yeah. Um,"}, {"start": "00:00:46", "end": "00:00:53", "text": "discussions are constantly ongoing as to"}, {"start": "00:00:51", "end": "00:00:56", "text": "where the cryptocurrency market is going"}, {"start": "00:00:53", "end": "00:01:00", "text": "to next. This is going to continue to be"}, {"start": "00:00:56", "end": "00:01:02", "text": "a topic of discussion until we have some"}, {"start": "00:01:00", "end": "00:01:06", "text": "kind of a monumental breakthrough"}, {"start": "00:01:02", "end": "00:01:09", "text": "in numbers. uh anticipation is now I"}, {"start": "00:01:06", "end": "00:01:13", "text": "mean depending on who you're asking uh"}, {"start": "00:01:09", "end": "00:01:16", "text": "that Bitcoin is going to recover above"}, {"start": "00:01:13", "end": "00:01:19", "text": "$100,000 in price. There's a huge amount"}, {"start": "00:01:16", "end": "00:01:23", "text": "of support as well for this idea that we"}, {"start": "00:01:19", "end": "00:01:25", "text": "are once again back in a 4-year cycle. I"}, {"start": "00:01:23", "end": "00:01:28", "text": "don't think we ever actually left. I"}, {"start": "00:01:25", "end": "00:01:31", "text": "think the anomaly was"}, {"start": "00:01:28", "end": "00:01:34", "text": "uh Black Rockck entering the space and"}, {"start": "00:01:31", "end": "00:01:36", "text": "launching their Bitcoin ETFs, which of"}, {"start": "00:01:34", "end": "00:01:39", "text": "course caused prices to go completely"}, {"start": "00:01:36", "end": "00:01:44", "text": "bananas a lot earlier. But this is also"}, {"start": "00:01:39", "end": "00:01:46", "text": "a a this will be a hindsight 2020 kind"}, {"start": "00:01:44", "end": "00:01:49", "text": "of thing. We will only be able to tell"}, {"start": "00:01:46", "end": "00:01:52", "text": "in a decade looking back at the charts"}, {"start": "00:01:49", "end": "00:01:54", "text": "if we were or were not or are still in"}, {"start": "00:01:52", "end": "00:01:57", "text": "some kind of a 4-year cycle, which we"}, {"start": "00:01:54", "end": "00:02:00", "text": "most likely are."}, {"start": "00:01:57", "end": "00:02:02", "text": "Um, I saw this floating around and I"}, {"start": "00:02:00", "end": "00:02:05", "text": "thought it was very fascinating. And if"}, {"start": "00:02:02", "end": "00:02:07", "text": "you know my philosophy surrounding"}, {"start": "00:02:05", "end": "00:02:10", "text": "Bitcoin and the cryptocurrency market,"}, {"start": "00:02:07", "end": "00:02:13", "text": "this is also going to resonate with you"}, {"start": "00:02:10", "end": "00:02:17", "text": "in some way as well. I've been saying it"}, {"start": "00:02:13", "end": "00:02:20", "text": "for years and it's a matter of uh not if"}, {"start": "00:02:17", "end": "00:02:24", "text": "it actually matters to you or not. It's"}, {"start": "00:02:20", "end": "00:02:26", "text": "the actual like end game from where all"}, {"start": "00:02:24", "end": "00:02:29", "text": "of this is leading."}, {"start": "00:02:26", "end": "00:02:31", "text": "A lot of the fundamentals of Bitcoin and"}, {"start": "00:02:29", "end": "00:02:34", "text": "blockchain have kind of more or less"}, {"start": "00:02:31", "end": "00:02:37", "text": "disappeared within the space. Do you"}, {"start": "00:02:34", "end": "00:02:40", "text": "remember if either if you were here or"}, {"start": "00:02:37", "end": "00:02:42", "text": "if you remember me saying it years ago"}, {"start": "00:02:40", "end": "00:02:46", "text": "if there was ever like a a banking"}, {"start": "00:02:42", "end": "00:02:47", "text": "crisis? So if banks weren't doing well,"}, {"start": "00:02:46", "end": "00:02:50", "text": "Bitcoin would actually go up"}, {"start": "00:02:47", "end": "00:02:51", "text": "dramatically in price that day, not a"}, {"start": "00:02:50", "end": "00:02:53", "text": "little bit, it would like dramatically"}, {"start": "00:02:51", "end": "00:02:56", "text": "pump up"}, {"start": "00:02:53", "end": "00:02:59", "text": "because of the philosophy uh behind"}, {"start": "00:02:56", "end": "00:03:02", "text": "Bitcoin and what it was for. A lot of uh"}, {"start": "00:02:59", "end": "00:03:04", "text": "Bitcoin developers years ago were like"}, {"start": "00:03:02", "end": "00:03:06", "text": "very adamant and they were very stern"}, {"start": "00:03:04", "end": "00:03:08", "text": "and they had this idea of hyper"}, {"start": "00:03:06", "end": "00:03:10", "text": "bitcoinization. The old system is"}, {"start": "00:03:08", "end": "00:03:12", "text": "garbage. We need to move away from it."}, {"start": "00:03:10", "end": "00:03:15", "text": "We have Bitcoin as a system now and"}, {"start": "00:03:12", "end": "00:03:18", "text": "therefore we can build on this thing."}, {"start": "00:03:15", "end": "00:03:20", "text": "And then around like 201819 2020 that"}, {"start": "00:03:18", "end": "00:03:22", "text": "kind of all disappeared. It became this"}, {"start": "00:03:20", "end": "00:03:25", "text": "new philosophy"}, {"start": "00:03:22", "end": "00:03:27", "text": "of once again just allowing like rich"}, {"start": "00:03:25", "end": "00:03:30", "text": "people to kind of control the market at"}, {"start": "00:03:27", "end": "00:03:33", "text": "their own whim. Do what you want as long"}, {"start": "00:03:30", "end": "00:03:35", "text": "as you raise the price."}, {"start": "00:03:33", "end": "00:03:37", "text": "But a lot of that didn't end up taking"}, {"start": "00:03:35", "end": "00:03:40", "text": "place because the same exact people who"}, {"start": "00:03:37", "end": "00:03:43", "text": "were in charge of the financial system"}, {"start": "00:03:40", "end": "00:03:47", "text": "in 2008 2009 have scured into the"}, {"start": "00:03:43", "end": "00:03:49", "text": "cryptocurrency place uh space now as"}, {"start": "00:03:47", "end": "00:03:53", "text": "well. So"}, {"start": "00:03:49", "end": "00:03:56", "text": "crypto kind of stands in a So let me be"}, {"start": "00:03:53", "end": "00:03:59", "text": "completely honest with you and clear. I"}, {"start": "00:03:56", "end": "00:04:02", "text": "think that crypto is going to succeed"}, {"start": "00:03:59", "end": "00:04:05", "text": "regardless of what happens. Whether it"}, {"start": "00:04:02", "end": "00:04:08", "text": "be a a corporatization of Bitcoin or we"}, {"start": "00:04:05", "end": "00:04:10", "text": "kind of get back to the basics and"}, {"start": "00:04:08", "end": "00:04:14", "text": "Bitcoin is about the people."}, {"start": "00:04:10", "end": "00:04:16", "text": "I think Bitcoin will succeed either way."}, {"start": "00:04:14", "end": "00:04:21", "text": "It's just a matter of like which road"}, {"start": "00:04:16", "end": "00:04:22", "text": "that we actually take. It is profoundly"}, {"start": "00:04:21", "end": "00:04:25", "text": "obvious"}, {"start": "00:04:22", "end": "00:04:28", "text": "after two years of an incredible amount"}, {"start": "00:04:25", "end": "00:04:33", "text": "of adoption that Bitcoin's price should"}, {"start": "00:04:28", "end": "00:04:33", "text": "be nowhere near"}, {"start": "00:04:33", "end": "00:04:39", "text": "nowhere near where it was in 2021."}, {"start": "00:04:37", "end": "00:04:41", "text": "It's almost like a different life"}, {"start": "00:04:39", "end": "00:04:44", "text": "entirely revolving around Bitcoin,"}, {"start": "00:04:41", "end": "00:04:47", "text": "crypto, the space, who's now here, who's"}, {"start": "00:04:44", "end": "00:04:50", "text": "spending money, etc. But for some"}, {"start": "00:04:47", "end": "00:04:52", "text": "reason, and I and I'll I'll even say"}, {"start": "00:04:50", "end": "00:04:55", "text": "this right now, it's weird that Bitcoin"}, {"start": "00:04:52", "end": "00:05:00", "text": "even today"}, {"start": "00:04:55", "end": "00:05:00", "text": "isn't already over $125,000."}, {"start": "00:05:00", "end": "00:05:06", "text": "There's a very odd disconnect between"}, {"start": "00:05:02", "end": "00:05:09", "text": "what Bitcoin is, what Bitcoin does, its"}, {"start": "00:05:06", "end": "00:05:11", "text": "actual value, who's in the market, and"}, {"start": "00:05:09", "end": "00:05:14", "text": "who's kind of toying around with it. We"}, {"start": "00:05:11", "end": "00:05:17", "text": "know that at at at the at the core of a"}, {"start": "00:05:14", "end": "00:05:19", "text": "lot of it, it's mainly institutions and"}, {"start": "00:05:17", "end": "00:05:23", "text": "companies trying to get as much crypto"}, {"start": "00:05:19", "end": "00:05:26", "text": "as possible, but"}, {"start": "00:05:23", "end": "00:05:30", "text": "so much more could be done and Bitcoin"}, {"start": "00:05:26", "end": "00:05:35", "text": "could be a lot higher in price."}, {"start": "00:05:30", "end": "00:05:38", "text": "if things had taken a a a separate turn."}, {"start": "00:05:35", "end": "00:05:41", "text": "His name is Gabbor Gerbach,"}, {"start": "00:05:38", "end": "00:05:45", "text": "a strategic advisor to asset management"}, {"start": "00:05:41", "end": "00:05:49", "text": "firm Van Ec and a he's also an adviser"}, {"start": "00:05:45", "end": "00:05:51", "text": "to stable coin issuer Tether"}, {"start": "00:05:49", "end": "00:05:54", "text": "has publicly criticized the current"}, {"start": "00:05:51", "end": "00:05:57", "text": "state of Bitcoin discourse,"}, {"start": "00:05:54", "end": "00:05:58", "text": "arguing that a wave of unserious"}, {"start": "00:05:57", "end": "00:06:00", "text": "participants"}, {"start": "00:05:58", "end": "00:06:04", "text": "is preventing the cryptocurrency market"}, {"start": "00:06:00", "end": "00:06:07", "text": "from reaching a brand new all-time high."}, {"start": "00:06:04", "end": "00:06:09", "text": "In a series of social media post,"}, {"start": "00:06:07", "end": "00:06:13", "text": "Gorbach argued that the market has been"}, {"start": "00:06:09", "end": "00:06:16", "text": "diluted by individuals who prioritize"}, {"start": "00:06:13", "end": "00:06:18", "text": "copying existing products and recycling"}, {"start": "00:06:16", "end": "00:06:21", "text": "stale narratives"}, {"start": "00:06:18", "end": "00:06:23", "text": "over building lasting infrastructure and"}, {"start": "00:06:21", "end": "00:06:25", "text": "conviction. What you don't understand"}, {"start": "00:06:23", "end": "00:06:27", "text": "about allowing Wall Street to kind of"}, {"start": "00:06:25", "end": "00:06:30", "text": "mosey in and take the entire thing over"}, {"start": "00:06:27", "end": "00:06:32", "text": "is that they actually don't care."}, {"start": "00:06:30", "end": "00:06:34", "text": "A lot of people will hear me say the"}, {"start": "00:06:32", "end": "00:06:36", "text": "words, \"They don't care about crypto.\""}, {"start": "00:06:34", "end": "00:06:39", "text": "And you roll your eyes because you think"}, {"start": "00:06:36", "end": "00:06:42", "text": "it doesn't involve you. They don't care"}, {"start": "00:06:39", "end": "00:06:44", "text": "about you either. The narratives are"}, {"start": "00:06:42", "end": "00:06:46", "text": "constant. Once again, this is only for"}, {"start": "00:06:44", "end": "00:06:49", "text": "like the real people who've been with my"}, {"start": "00:06:46", "end": "00:06:51", "text": "channel for a while, who've understood,"}, {"start": "00:06:49", "end": "00:06:53", "text": "who are still here, who are listening."}, {"start": "00:06:51", "end": "00:06:56", "text": "Everything that I say ends up coming"}, {"start": "00:06:53", "end": "00:06:59", "text": "true because it's so blatantly obvious"}, {"start": "00:06:56", "end": "00:07:02", "text": "what's constantly happening. Every time"}, {"start": "00:06:59", "end": "00:07:05", "text": "we keep hearing, well, crypto won't go"}, {"start": "00:07:02", "end": "00:07:06", "text": "up unless we have the Clarity Act. The"}, {"start": "00:07:05", "end": "00:07:09", "text": "Clarity Act doesn't get passed."}, {"start": "00:07:06", "end": "00:07:12", "text": "Bitcoin's price went up after the"}, {"start": "00:07:09", "end": "00:07:15", "text": "Clarity Act wasn't passed on the 4th of"}, {"start": "00:07:12", "end": "00:07:17", "text": "July. We constantly hear, well, you"}, {"start": "00:07:15", "end": "00:07:19", "text": "know, Bitcoin needs futures cuz that"}, {"start": "00:07:17", "end": "00:07:22", "text": "that allows other institutions to want"}, {"start": "00:07:19", "end": "00:07:25", "text": "to get into the market. No one trades"}, {"start": "00:07:22", "end": "00:07:27", "text": "futures. Everyone ran to the ETFs. The"}, {"start": "00:07:25", "end": "00:07:29", "text": "idea of the ETFs is well, they allow"}, {"start": "00:07:27", "end": "00:07:31", "text": "institutions to throw billions into the"}, {"start": "00:07:29", "end": "00:07:34", "text": "market. Billions were already flowing"}, {"start": "00:07:31", "end": "00:07:37", "text": "into the market. The ETFs don't hurt per"}, {"start": "00:07:34", "end": "00:07:40", "text": "se, but because we have outflows from"}, {"start": "00:07:37", "end": "00:07:43", "text": "that market doesn't mean that Bitcoin"}, {"start": "00:07:40", "end": "00:07:46", "text": "somehow is worse. It doesn't mean that"}, {"start": "00:07:43", "end": "00:07:49", "text": "Bitcoin's value proposition of sending a"}, {"start": "00:07:46", "end": "00:07:52", "text": "trillion dollars, a trillion freaking"}, {"start": "00:07:49", "end": "00:07:54", "text": "dollars per month through its chain has"}, {"start": "00:07:52", "end": "00:07:56", "text": "somehow been broken. No, the money is"}, {"start": "00:07:54", "end": "00:07:59", "text": "still moving around there. These"}, {"start": "00:07:56", "end": "00:08:01", "text": "companies are entering the market. And"}, {"start": "00:07:59", "end": "00:08:04", "text": "this is what we talked about before with"}, {"start": "00:08:01", "end": "00:08:06", "text": "Cardano and Ethereum."}, {"start": "00:08:04", "end": "00:08:08", "text": "Two months ago, three months ago,"}, {"start": "00:08:06", "end": "00:08:10", "text": "Charles Hoskinson was on the news"}, {"start": "00:08:08", "end": "00:08:12", "text": "talking about he was really sad and"}, {"start": "00:08:10", "end": "00:08:14", "text": "really annoyed. Why is no one using"}, {"start": "00:08:12", "end": "00:08:17", "text": "Cardano? Come on, guys. Use Cardano. And"}, {"start": "00:08:14", "end": "00:08:20", "text": "I said, because the narrative is is is"}, {"start": "00:08:17", "end": "00:08:20", "text": "garbage."}, {"start": "00:08:20", "end": "00:08:25", "text": "It's always the same thing over and"}, {"start": "00:08:22", "end": "00:08:27", "text": "over. You see that that chain has smart"}, {"start": "00:08:25", "end": "00:08:29", "text": "contracts? Well, when we we also have"}, {"start": "00:08:27", "end": "00:08:31", "text": "smart contracts. They're trying to put"}, {"start": "00:08:29", "end": "00:08:33", "text": "smart contracts on top of Bitcoin. We"}, {"start": "00:08:31", "end": "00:08:36", "text": "don't need smart contracts on top of"}, {"start": "00:08:33", "end": "00:08:38", "text": "Bitcoin. Those coins are are able to"}, {"start": "00:08:36", "end": "00:08:40", "text": "tokenize. Well, our chain's also going"}, {"start": "00:08:38", "end": "00:08:42", "text": "to tokenize. We don't need tokenization"}, {"start": "00:08:40", "end": "00:08:44", "text": "to happen on top of Bitcoin. It doesn't"}, {"start": "00:08:42", "end": "00:08:47", "text": "have to happen on every single chain."}, {"start": "00:08:44", "end": "00:08:52", "text": "Everything is just a copy and paste. As"}, {"start": "00:08:47", "end": "00:08:53", "text": "I told you years ago and and someone's"}, {"start": "00:08:52", "end": "00:08:56", "text": "going to get angry because you don't"}, {"start": "00:08:53", "end": "00:09:00", "text": "understand the basics. All these coins"}, {"start": "00:08:56", "end": "00:09:03", "text": "are exactly the same. The only thing"}, {"start": "00:09:00", "end": "00:09:05", "text": "separating them is the team behind them"}, {"start": "00:09:03", "end": "00:09:08", "text": "and their name."}, {"start": "00:09:05", "end": "00:09:10", "text": "They can all do the same thing. They can"}, {"start": "00:09:08", "end": "00:09:14", "text": "all have the same upgrades. If the"}, {"start": "00:09:10", "end": "00:09:16", "text": "network wanted to tomorrow, we could"}, {"start": "00:09:14", "end": "00:09:19", "text": "have a proofofstake Bitcoin. We could"}, {"start": "00:09:16", "end": "00:09:22", "text": "make sure that Bitcoin left Shaw 256 and"}, {"start": "00:09:19", "end": "00:09:24", "text": "was exclusively just staking in some"}, {"start": "00:09:22", "end": "00:09:26", "text": "sort of way. You have to stake the"}, {"start": "00:09:24", "end": "00:09:28", "text": "Bitcoin that you have now to be able to"}, {"start": "00:09:26", "end": "00:09:30", "text": "create the new Bitcoin. They're all the"}, {"start": "00:09:28", "end": "00:09:32", "text": "same. They're all the same products."}, {"start": "00:09:30", "end": "00:09:36", "text": "Many of them are forks of forks of forks"}, {"start": "00:09:32", "end": "00:09:37", "text": "of forks of these things. There were"}, {"start": "00:09:36", "end": "00:09:40", "text": "different characteristics for what these"}, {"start": "00:09:37", "end": "00:09:43", "text": "coins were years ago. Bitcoin is meant"}, {"start": "00:09:40", "end": "00:09:45", "text": "to be before the idea of digital gold."}, {"start": "00:09:43", "end": "00:09:47", "text": "It's just a cryptocurrency that people"}, {"start": "00:09:45", "end": "00:09:50", "text": "can use to get away from the old system."}, {"start": "00:09:47", "end": "00:09:51", "text": "The idea of digital gold creeped in. The"}, {"start": "00:09:50", "end": "00:09:53", "text": "idea of this is going to happen with"}, {"start": "00:09:51", "end": "00:09:55", "text": "Bitcoin. Bitcoin now is able to do this"}, {"start": "00:09:53", "end": "00:09:59", "text": "and it's like, okay, that's exhausting."}, {"start": "00:09:55", "end": "00:10:01", "text": "XRP was supposed to just be for banks."}, {"start": "00:09:59", "end": "00:10:04", "text": "But then XRP becomes, okay, now we have"}, {"start": "00:10:01", "end": "00:10:06", "text": "smart contracts. Now you can have NFTts"}, {"start": "00:10:04", "end": "00:10:07", "text": "on this. Now you can do so and so. You"}, {"start": "00:10:06", "end": "00:10:09", "text": "want to stake your You want to stake"}, {"start": "00:10:07", "end": "00:10:11", "text": "your XRP like every other coin? Okay, we"}, {"start": "00:10:09", "end": "00:10:13", "text": "can do the same exact thing. You want"}, {"start": "00:10:11", "end": "00:10:16", "text": "You guys want a stable coin? We also"}, {"start": "00:10:13", "end": "00:10:18", "text": "have a stable. It's"}, {"start": "00:10:16", "end": "00:10:21", "text": "It's insane."}, {"start": "00:10:18", "end": "00:10:23", "text": "These coins don't go higher because they"}, {"start": "00:10:21", "end": "00:10:26", "text": "all look like the same thing to"}, {"start": "00:10:23", "end": "00:10:28", "text": "investors. Have you ever seen like an"}, {"start": "00:10:26", "end": "00:10:29", "text": "investor meeting? And I mean like like a"}, {"start": "00:10:28", "end": "00:10:32", "text": "real one, not one on like a Hollywood"}, {"start": "00:10:29", "end": "00:10:34", "text": "movie. People gather in a room for an"}, {"start": "00:10:32", "end": "00:10:36", "text": "hour and they talk about like"}, {"start": "00:10:34", "end": "00:10:37", "text": "prospective places to be able to put"}, {"start": "00:10:36", "end": "00:10:40", "text": "their money. They have charts. They have"}, {"start": "00:10:37", "end": "00:10:43", "text": "yada yada. They're pointing at stuff. If"}, {"start": "00:10:40", "end": "00:10:46", "text": "you have a list of 20 different metrics"}, {"start": "00:10:43", "end": "00:10:49", "text": "for cryptocurrencies and you line them"}, {"start": "00:10:46", "end": "00:10:52", "text": "all up, 18 out of 20 times they're going"}, {"start": "00:10:49", "end": "00:10:54", "text": "to be exactly the same. None of them are"}, {"start": "00:10:52", "end": "00:10:56", "text": "different. They don't stand out. The"}, {"start": "00:10:54", "end": "00:10:58", "text": "reason why Bitcoin gets all the"}, {"start": "00:10:56", "end": "00:11:00", "text": "attention is because a it could be"}, {"start": "00:10:58", "end": "00:11:03", "text": "upgraded to do the exact same thing as"}, {"start": "00:11:00", "end": "00:11:05", "text": "all the other coins. It has first mover"}, {"start": "00:11:03", "end": "00:11:08", "text": "advantage, but because of the amount of"}, {"start": "00:11:05", "end": "00:11:10", "text": "money and its market cap, if XRP's"}, {"start": "00:11:08", "end": "00:11:12", "text": "market cap was as high as Bitcoins,"}, {"start": "00:11:10", "end": "00:11:14", "text": "it would it would still it would be the"}, {"start": "00:11:12", "end": "00:11:16", "text": "one that would be adopted. It's just"}, {"start": "00:11:14", "end": "00:11:18", "text": "about the actual numbers. So, a lot of"}, {"start": "00:11:16", "end": "00:11:20", "text": "time I told you before in another video,"}, {"start": "00:11:18", "end": "00:11:23", "text": "there's so many more people now I see on"}, {"start": "00:11:20", "end": "00:11:26", "text": "on on Twitter talking about like which"}, {"start": "00:11:23", "end": "00:11:28", "text": "which memecoin meme memecoin. I I need"}, {"start": "00:11:26", "end": "00:11:30", "text": "another meme coin. And it's it's the"}, {"start": "00:11:28", "end": "00:11:32", "text": "same loop over again."}, {"start": "00:11:30", "end": "00:11:34", "text": "You're buying into memecoins because you"}, {"start": "00:11:32", "end": "00:11:35", "text": "think that you can make big money. We"}, {"start": "00:11:34", "end": "00:11:36", "text": "already know where the big money is"}, {"start": "00:11:35", "end": "00:11:38", "text": "actually going. So therefore, you're"}, {"start": "00:11:36", "end": "00:11:41", "text": "lying to yourself and to other people."}, {"start": "00:11:38", "end": "00:11:43", "text": "You know where the institutional flows"}, {"start": "00:11:41", "end": "00:11:44", "text": "are actually moving. These coins don't"}, {"start": "00:11:43", "end": "00:11:47", "text": "do anything different. It's the same"}, {"start": "00:11:44", "end": "00:11:50", "text": "exact product over and over. The idea of"}, {"start": "00:11:47", "end": "00:11:53", "text": "anything like longlasting,"}, {"start": "00:11:50", "end": "00:11:55", "text": "heaven forbid."}, {"start": "00:11:53", "end": "00:11:57", "text": "There's not one coin in the market, and"}, {"start": "00:11:55", "end": "00:12:00", "text": "I blame that on literally marketing and"}, {"start": "00:11:57", "end": "00:12:02", "text": "Wall Street. There's not one coin in the"}, {"start": "00:12:00", "end": "00:12:04", "text": "market that is remotely the same from"}, {"start": "00:12:02", "end": "00:12:07", "text": "what it was years ago. Like"}, {"start": "00:12:04", "end": "00:12:07", "text": "narrative-wise,"}, {"start": "00:12:07", "end": "00:12:12", "text": "when you buy an Apple product is because"}, {"start": "00:12:10", "end": "00:12:13", "text": "Apple is, and I air quote here, people"}, {"start": "00:12:12", "end": "00:12:15", "text": "call them innovative. They copy"}, {"start": "00:12:13", "end": "00:12:18", "text": "everything that China does and Samsung"}, {"start": "00:12:15", "end": "00:12:19", "text": "does. But regardless, you buy it because"}, {"start": "00:12:18", "end": "00:12:21", "text": "you see their products, you like their"}, {"start": "00:12:19", "end": "00:12:26", "text": "product. Apple has been on a run since"}, {"start": "00:12:21", "end": "00:12:28", "text": "around 2003, 2004. iPod, iPhone, uh,"}, {"start": "00:12:26", "end": "00:12:30", "text": "iPad. Oh, wow. Absolutely awesome. you"}, {"start": "00:12:28", "end": "00:12:31", "text": "kind of know what to expect. This is how"}, {"start": "00:12:30", "end": "00:12:33", "text": "they keep their investors coming back"}, {"start": "00:12:31", "end": "00:12:36", "text": "because everyone kind of, you know, they"}, {"start": "00:12:33", "end": "00:12:38", "text": "know what to expect from the product."}, {"start": "00:12:36", "end": "00:12:40", "text": "That company's making computer chips."}, {"start": "00:12:38", "end": "00:12:41", "text": "Holy guacamole, we need more computer"}, {"start": "00:12:40", "end": "00:12:42", "text": "chips. They announced they're going to"}, {"start": "00:12:41", "end": "00:12:44", "text": "make more computer chips. Their computer"}, {"start": "00:12:42", "end": "00:12:45", "text": "chips get stronger. They start working"}, {"start": "00:12:44", "end": "00:12:47", "text": "with Google. Their chips get better."}, {"start": "00:12:45", "end": "00:12:49", "text": "That's awesome. What a great narrative"}, {"start": "00:12:47", "end": "00:12:51", "text": "that you've had for the last 30 years."}, {"start": "00:12:49", "end": "00:12:54", "text": "I'm so glad that you have that. In"}, {"start": "00:12:51", "end": "00:12:56", "text": "crypto, it changes yearly."}, {"start": "00:12:54", "end": "00:12:58", "text": "There's always a new thing that keeps"}, {"start": "00:12:56", "end": "00:13:00", "text": "popping up. There's always something"}, {"start": "00:12:58", "end": "00:13:03", "text": "that we have to like look at or look"}, {"start": "00:13:00", "end": "00:13:05", "text": "forward to. Imagine if if the Clarity"}, {"start": "00:13:03", "end": "00:13:08", "text": "Act if the Clarity Act had been signed"}, {"start": "00:13:05", "end": "00:13:10", "text": "on the 4th of July by the time we get to"}, {"start": "00:13:08", "end": "00:13:12", "text": "the middle of August, there would have"}, {"start": "00:13:10", "end": "00:13:13", "text": "been something else. There would have"}, {"start": "00:13:12", "end": "00:13:15", "text": "been another act. There would have been"}, {"start": "00:13:13", "end": "00:13:17", "text": "another bill. Well, when that bill gets"}, {"start": "00:13:15", "end": "00:13:20", "text": "passed and then Bitcoin's really going"}, {"start": "00:13:17", "end": "00:13:22", "text": "to be strong. No, Bitcoin's fine now."}, {"start": "00:13:20", "end": "00:13:25", "text": "These coins have to actually prove"}, {"start": "00:13:22", "end": "00:13:28", "text": "themselves. I mean to to to to me and to"}, {"start": "00:13:25", "end": "00:13:30", "text": "you, they have to do what they're going"}, {"start": "00:13:28", "end": "00:13:32", "text": "to say. Remember the the the thing with"}, {"start": "00:13:30", "end": "00:13:33", "text": "Charles Hoskinson? I want everyone to"}, {"start": "00:13:32", "end": "00:13:34", "text": "use Cardono. Why is no one using"}, {"start": "00:13:33", "end": "00:13:36", "text": "Cardano? It's because it does the same"}, {"start": "00:13:34", "end": "00:13:39", "text": "exact damn thing that all the other"}, {"start": "00:13:36", "end": "00:13:40", "text": "chains do. Same exact thing."}, {"start": "00:13:39", "end": "00:13:42", "text": "Why is no one doing this? It's because"}, {"start": "00:13:40", "end": "00:13:44", "text": "there's no reason to actually use that"}, {"start": "00:13:42", "end": "00:13:47", "text": "chain."}, {"start": "00:13:44", "end": "00:13:51", "text": "And then we had, remember Cardano just"}, {"start": "00:13:47", "end": "00:13:54", "text": "came out four weeks ago with a brand new"}, {"start": "00:13:51", "end": "00:13:57", "text": "um what is it called? timeline thing"}, {"start": "00:13:54", "end": "00:13:59", "text": "over the next two years. This is this is"}, {"start": "00:13:57", "end": "00:14:01", "text": "what Cardano is going to be. It's the"}, {"start": "00:13:59", "end": "00:14:05", "text": "same thing that they did in 2017 to"}, {"start": "00:14:01", "end": "00:14:08", "text": "promote the coin. It's the same thing."}, {"start": "00:14:05", "end": "00:14:10", "text": "It's a rehash of what they did before."}, {"start": "00:14:08", "end": "00:14:12", "text": "Ethereum, the Ethereum Foundation, all"}, {"start": "00:14:10", "end": "00:14:14", "text": "these people that talking about all"}, {"start": "00:14:12", "end": "00:14:19", "text": "these upgrades for Ethereum, it's the"}, {"start": "00:14:14", "end": "00:14:22", "text": "same thing that they did in 2016."}, {"start": "00:14:19", "end": "00:14:24", "text": "Over the next four years,"}, {"start": "00:14:22", "end": "00:14:27", "text": "Ethereum is going to go from 15"}, {"start": "00:14:24", "end": "00:14:30", "text": "transactions per second to 10,000. By"}, {"start": "00:14:27", "end": "00:14:33", "text": "the time we get to 2021, Ethereum will"}, {"start": "00:14:30", "end": "00:14:35", "text": "have a million transactions per second."}, {"start": "00:14:33", "end": "00:14:36", "text": "It gets investors really hyped. Everyone"}, {"start": "00:14:35", "end": "00:14:39", "text": "starts throwing money into it. The"}, {"start": "00:14:36", "end": "00:14:41", "text": "original idea for Ethereum, which has"}, {"start": "00:14:39", "end": "00:14:44", "text": "been completely abandoned, was to be a"}, {"start": "00:14:41", "end": "00:14:45", "text": "world computer."}, {"start": "00:14:44", "end": "00:14:47", "text": "You know how like we use the internet."}, {"start": "00:14:45", "end": "00:14:49", "text": "Now, for those of you who don't know how"}, {"start": "00:14:47", "end": "00:14:52", "text": "the world works, there are tons of"}, {"start": "00:14:49", "end": "00:14:55", "text": "places on the planet that don't have"}, {"start": "00:14:52", "end": "00:14:56", "text": "like proper internet."}, {"start": "00:14:55", "end": "00:14:58", "text": "There are places around the world when"}, {"start": "00:14:56", "end": "00:15:00", "text": "people like when it's like when it's"}, {"start": "00:14:58", "end": "00:15:02", "text": "voting day, like when it's time for you"}, {"start": "00:15:00", "end": "00:15:07", "text": "to vote for your like elected officials,"}, {"start": "00:15:02", "end": "00:15:07", "text": "the country turns the internet off."}, {"start": "00:15:07", "end": "00:15:12", "text": "O FF."}, {"start": "00:15:10", "end": "00:15:14", "text": "The country literally says, \"We don't"}, {"start": "00:15:12", "end": "00:15:16", "text": "want people talking because then they'll"}, {"start": "00:15:14", "end": "00:15:17", "text": "know like that we've shut down certain"}, {"start": "00:15:16", "end": "00:15:23", "text": "voting machines. We've done something"}, {"start": "00:15:17", "end": "00:15:25", "text": "corrupt.\" They turn the internet off for"}, {"start": "00:15:23", "end": "00:15:28", "text": "days at a time. They turn people's like"}, {"start": "00:15:25", "end": "00:15:30", "text": "phone signals off. This is a real thing."}, {"start": "00:15:28", "end": "00:15:32", "text": "And it's not like one country. It's like"}, {"start": "00:15:30", "end": "00:15:35", "text": "16 of them."}, {"start": "00:15:32", "end": "00:15:38", "text": "The idea of Ethereum was to make it as"}, {"start": "00:15:35", "end": "00:15:41", "text": "robust as f as possible as fast as"}, {"start": "00:15:38", "end": "00:15:43", "text": "possible. It was meant to have uh"}, {"start": "00:15:41", "end": "00:15:46", "text": "smaller energy usage even before the"}, {"start": "00:15:43", "end": "00:15:49", "text": "idea of staking to allow you to allow"}, {"start": "00:15:46", "end": "00:15:53", "text": "you to be able to validate transactions"}, {"start": "00:15:49", "end": "00:15:56", "text": "and also mine coins on your phone. Your"}, {"start": "00:15:53", "end": "00:15:59", "text": "phone. Not a whole bunch of mining rigs"}, {"start": "00:15:56", "end": "00:16:00", "text": "on your freaking phone."}, {"start": "00:15:59", "end": "00:16:02", "text": "So that you could be part of the"}, {"start": "00:16:00", "end": "00:16:05", "text": "network. If we can get three billion"}, {"start": "00:16:02", "end": "00:16:08", "text": "people all running these Ethereum nodes,"}, {"start": "00:16:05", "end": "00:16:11", "text": "we'd have a brand new system. The idea"}, {"start": "00:16:08", "end": "00:16:13", "text": "was we would make a brand new uh"}, {"start": "00:16:11", "end": "00:16:15", "text": "internet. Remember the thing a couple"}, {"start": "00:16:13", "end": "00:16:18", "text": "years ago with ETH? You know how we"}, {"start": "00:16:15", "end": "00:16:20", "text": "have.com? That was part of the idea. We"}, {"start": "00:16:18", "end": "00:16:22", "text": "would have a website. It would be so"}, {"start": "00:16:20", "end": "00:16:24", "text": "andsoandso.eth."}, {"start": "00:16:22", "end": "00:16:27", "text": "you'd be able to go and have a brand new"}, {"start": "00:16:24", "end": "00:16:29", "text": "internet that could not be censored,"}, {"start": "00:16:27", "end": "00:16:31", "text": "that could not be stopped, that people"}, {"start": "00:16:29", "end": "00:16:33", "text": "around the world would have access to"}, {"start": "00:16:31", "end": "00:16:36", "text": "real information whenever they wanted"}, {"start": "00:16:33", "end": "00:16:38", "text": "to, that could not be shut down unless"}, {"start": "00:16:36", "end": "00:16:40", "text": "you stop the phones of three billion"}, {"start": "00:16:38", "end": "00:16:42", "text": "people. That's disappeared."}, {"start": "00:16:40", "end": "00:16:46", "text": "Ethereum is now a corporation coin."}, {"start": "00:16:42", "end": "00:16:47", "text": "Ethereum is now a a stable coin coin."}, {"start": "00:16:46", "end": "00:16:50", "text": "What have we been talking about? We want"}, {"start": "00:16:47", "end": "00:16:52", "text": "all all all the assets on the planet to"}, {"start": "00:16:50", "end": "00:16:54", "text": "be put on top of this. We need we need"}, {"start": "00:16:52", "end": "00:16:58", "text": "as many banks as possible to join hands"}, {"start": "00:16:54", "end": "00:17:00", "text": "and and create stable coins. And"}, {"start": "00:16:58", "end": "00:17:02", "text": "the problem is is that every other chain"}, {"start": "00:17:00", "end": "00:17:04", "text": "can do that. Cardano can do that. Salana"}, {"start": "00:17:02", "end": "00:17:06", "text": "can do that. XRP can do that. There's"}, {"start": "00:17:04", "end": "00:17:08", "text": "nothing that sets any of these coins"}, {"start": "00:17:06", "end": "00:17:10", "text": "apart. That's why like when you like"}, {"start": "00:17:08", "end": "00:17:11", "text": "when you talk about like businesses"}, {"start": "00:17:10", "end": "00:17:14", "text": "doing well, have you ever seen like you"}, {"start": "00:17:11", "end": "00:17:16", "text": "know like fang, Facebook, Amazon,"}, {"start": "00:17:14", "end": "00:17:20", "text": "Netflix, Google, they have different"}, {"start": "00:17:16", "end": "00:17:21", "text": "purposes. Imagine if Amazon did the"}, {"start": "00:17:20", "end": "00:17:24", "text": "Imagine if Amazon had their own social"}, {"start": "00:17:21", "end": "00:17:27", "text": "media place. Imagine if Amazon had"}, {"start": "00:17:24", "end": "00:17:30", "text": "Amazon Instagram and and and Amazon"}, {"start": "00:17:27", "end": "00:17:31", "text": "book. Why would we need Facebook?"}, {"start": "00:17:30", "end": "00:17:34", "text": "Imagine if Apple also had their own"}, {"start": "00:17:31", "end": "00:17:36", "text": "social media platform. Imagine if Amazon"}, {"start": "00:17:34", "end": "00:17:38", "text": "was also selling books. Imagine if if if"}, {"start": "00:17:36", "end": "00:17:40", "text": "Apple had their own website where they"}, {"start": "00:17:38", "end": "00:17:43", "text": "were also like literally just selling"}, {"start": "00:17:40", "end": "00:17:45", "text": "everything. Well, Amazon and and and and"}, {"start": "00:17:43", "end": "00:17:48", "text": "Apple, they're kind of the same exact"}, {"start": "00:17:45", "end": "00:17:50", "text": "company. Google Google's no longer doing"}, {"start": "00:17:48", "end": "00:17:52", "text": "anything with with YouTube or any other"}, {"start": "00:17:50", "end": "00:17:56", "text": "company. Google now Google now has has"}, {"start": "00:17:52", "end": "00:18:01", "text": "has clothing. Google Google's now also"}, {"start": "00:17:56", "end": "00:18:01", "text": "making Google computers and Google cars."}, {"start": "00:18:01", "end": "00:18:06", "text": "You have to stand out. This is why these"}, {"start": "00:18:04", "end": "00:18:08", "text": "companies become the way that they are"}, {"start": "00:18:06", "end": "00:18:11", "text": "is because they literally have different"}, {"start": "00:18:08", "end": "00:18:14", "text": "narratives. They do something different."}, {"start": "00:18:11", "end": "00:18:16", "text": "They offer something different for"}, {"start": "00:18:14", "end": "00:18:18", "text": "everyone as opposed to doing the ex if"}, {"start": "00:18:16", "end": "00:18:21", "text": "you all do the same damn thing. What's"}, {"start": "00:18:18", "end": "00:18:21", "text": "what's the point of you?"}, {"start": "00:18:22", "end": "00:18:28", "text": "But over the last"}, {"start": "00:18:25", "end": "00:18:31", "text": "7 8 n years, we've fallen into this hole"}, {"start": "00:18:28", "end": "00:18:35", "text": "of everyone just making their coin look"}, {"start": "00:18:31", "end": "00:18:38", "text": "exactly the same. 99.9% of these coins"}, {"start": "00:18:35", "end": "00:18:40", "text": "have no reason to actually be around."}, {"start": "00:18:38", "end": "00:18:42", "text": "They do the same thing as all the other"}, {"start": "00:18:40", "end": "00:18:45", "text": "coins. any narratives that anyone had"}, {"start": "00:18:42", "end": "00:18:46", "text": "has completely disappeared. Same it's"}, {"start": "00:18:45", "end": "00:18:48", "text": "the same thing. Same thing for Ripple."}, {"start": "00:18:46", "end": "00:18:49", "text": "Ripple's not mentioning banks anymore."}, {"start": "00:18:48", "end": "00:18:51", "text": "Ripple's mentioning like institutions,"}, {"start": "00:18:49", "end": "00:18:54", "text": "the same exact people who dragged down"}, {"start": "00:18:51", "end": "00:18:57", "text": "the market in 2008, 2009. Everyone's"}, {"start": "00:18:54", "end": "00:18:57", "text": "playing nice with them."}, {"start": "00:18:58", "end": "00:19:05", "text": "Gerbach pinpointed that initial coin"}, {"start": "00:19:01", "end": "00:19:07", "text": "offering boom of 2017"}, {"start": "00:19:05", "end": "00:19:10", "text": "as the turning point when the crypto"}, {"start": "00:19:07", "end": "00:19:11", "text": "market's fundamental nature began to"}, {"start": "00:19:10", "end": "00:19:15", "text": "change."}, {"start": "00:19:11", "end": "00:19:17", "text": "He recalled that the pre207 community"}, {"start": "00:19:15", "end": "00:19:20", "text": "was sharper,"}, {"start": "00:19:17", "end": "00:19:23", "text": "more principled and missiondriven. The"}, {"start": "00:19:20", "end": "00:19:26", "text": "idea was to get away from the old"}, {"start": "00:19:23", "end": "00:19:28", "text": "system."}, {"start": "00:19:26", "end": "00:19:31", "text": "The idea was like we had industry"}, {"start": "00:19:28", "end": "00:19:34", "text": "leaders who weren't part of Wall Street."}, {"start": "00:19:31", "end": "00:19:36", "text": "We had like everyday normal people. We"}, {"start": "00:19:34", "end": "00:19:37", "text": "had computer scientists who went on"}, {"start": "00:19:36", "end": "00:19:39", "text": "stage and they were like, \"This is what"}, {"start": "00:19:37", "end": "00:19:40", "text": "needs to happen.\" Remember I told you"}, {"start": "00:19:39", "end": "00:19:42", "text": "before like all these people who years"}, {"start": "00:19:40", "end": "00:19:44", "text": "ago were like, \"Well, inflation's going"}, {"start": "00:19:42", "end": "00:19:45", "text": "to hit. We're going to have paper"}, {"start": "00:19:44", "end": "00:19:47", "text": "Bitcoin. We're going to have this so and"}, {"start": "00:19:45", "end": "00:19:48", "text": "so. Like Bitcoin's going to make it.\""}, {"start": "00:19:47", "end": "00:19:50", "text": "They were literally talking about"}, {"start": "00:19:48", "end": "00:19:52", "text": "Bitcoin fundamentals. There were always"}, {"start": "00:19:50", "end": "00:19:54", "text": "people, always people at these events"}, {"start": "00:19:52", "end": "00:19:56", "text": "who were sitting in the chairs when they"}, {"start": "00:19:54", "end": "00:19:58", "text": "would ask questions from the audience,"}, {"start": "00:19:56", "end": "00:19:59", "text": "always people, well, where where do you"}, {"start": "00:19:58", "end": "00:20:01", "text": "think Bitcoin's price is going to be?"}, {"start": "00:19:59", "end": "00:20:02", "text": "They wouldn't answer them. They said, I"}, {"start": "00:20:01", "end": "00:20:04", "text": "don't care what Bitcoin's price is going"}, {"start": "00:20:02", "end": "00:20:07", "text": "to be because Bitcoin's going to take"}, {"start": "00:20:04", "end": "00:20:08", "text": "over the world. Now, the main focal"}, {"start": "00:20:07", "end": "00:20:10", "text": "point for a lot of people is just money."}, {"start": "00:20:08", "end": "00:20:12", "text": "What how much how much is Bitcoin going"}, {"start": "00:20:10", "end": "00:20:15", "text": "to be? It's why I keep saying you're not"}, {"start": "00:20:12", "end": "00:20:17", "text": "realizing like we're winning, but we're"}, {"start": "00:20:15", "end": "00:20:18", "text": "winning in like a really weird way."}, {"start": "00:20:17", "end": "00:20:19", "text": "Bitcoin's taking over everything. Crypto"}, {"start": "00:20:18", "end": "00:20:21", "text": "is everywhere. It's going to be"}, {"start": "00:20:19", "end": "00:20:24", "text": "integrated into the world financial"}, {"start": "00:20:21", "end": "00:20:25", "text": "system. I know it's difficult for me to"}, {"start": "00:20:24", "end": "00:20:27", "text": "say out loud, but stop thinking about"}, {"start": "00:20:25", "end": "00:20:29", "text": "the number value every single day."}, {"start": "00:20:27", "end": "00:20:30", "text": "You're missing the bigger point. So many"}, {"start": "00:20:29", "end": "00:20:32", "text": "people in this market, they see that the"}, {"start": "00:20:30", "end": "00:20:34", "text": "price has gone down and they leave the"}, {"start": "00:20:32", "end": "00:20:36", "text": "market. Prices then go back up and then"}, {"start": "00:20:34", "end": "00:20:37", "text": "they want to re-enter the market. You"}, {"start": "00:20:36", "end": "00:20:39", "text": "didn't follow the fundamentals. You"}, {"start": "00:20:37", "end": "00:20:40", "text": "weren't paying attention to what's going"}, {"start": "00:20:39", "end": "00:20:41", "text": "on. You didn't hear that this company"}, {"start": "00:20:40", "end": "00:20:42", "text": "bought Bitcoin. You didn't hear that"}, {"start": "00:20:41", "end": "00:20:43", "text": "that happened. You didn't hear that all"}, {"start": "00:20:42", "end": "00:20:45", "text": "these other things. because you were"}, {"start": "00:20:43", "end": "00:20:48", "text": "paying so much attention to the to the"}, {"start": "00:20:45", "end": "00:20:50", "text": "fact that the price fell by 17%. And you"}, {"start": "00:20:48", "end": "00:20:52", "text": "left the market,"}, {"start": "00:20:50", "end": "00:20:54", "text": "you don't care about Bitcoin. You don't"}, {"start": "00:20:52", "end": "00:20:55", "text": "care about the fundamentals. You don't"}, {"start": "00:20:54", "end": "00:20:57", "text": "care about like like the the system"}, {"start": "00:20:55", "end": "00:21:01", "text": "being destroyed by the same people from"}, {"start": "00:20:57", "end": "00:21:04", "text": "2008, 2009. You just don't care until it"}, {"start": "00:21:01", "end": "00:21:06", "text": "actually affects you."}, {"start": "00:21:04", "end": "00:21:08", "text": "You have this system in front of you"}, {"start": "00:21:06", "end": "00:21:11", "text": "that could change your life. It falls"}, {"start": "00:21:08", "end": "00:21:13", "text": "down, you leave it. The price goes back"}, {"start": "00:21:11", "end": "00:21:14", "text": "up, more people get rich. you reenter"}, {"start": "00:21:13", "end": "00:21:16", "text": "the market is because you didn't you"}, {"start": "00:21:14", "end": "00:21:20", "text": "didn't understand the first time what"}, {"start": "00:21:16", "end": "00:21:20", "text": "you had. You left it."}, {"start": "00:21:21", "end": "00:21:25", "text": "That's the problem with everything that"}, {"start": "00:21:23", "end": "00:21:28", "text": "we have right now. It goes back to the"}, {"start": "00:21:25", "end": "00:21:30", "text": "same things over and over and over and"}, {"start": "00:21:28", "end": "00:21:35", "text": "over and over. There are no principles"}, {"start": "00:21:30", "end": "00:21:37", "text": "to the market. Bitcoin does this."}, {"start": "00:21:35", "end": "00:21:39", "text": "Ethereum does Bitcoin can't become a"}, {"start": "00:21:37", "end": "00:21:42", "text": "world computer. It has to be Ethereum."}, {"start": "00:21:39", "end": "00:21:44", "text": "That's been thrown out the window. this"}, {"start": "00:21:42", "end": "00:21:47", "text": "coin has to do that. What's what's the"}, {"start": "00:21:44", "end": "00:21:50", "text": "point of Cardano?"}, {"start": "00:21:47", "end": "00:21:52", "text": "Like actually think about it if you want"}, {"start": "00:21:50", "end": "00:21:54", "text": "to have an honest conversation because I"}, {"start": "00:21:52", "end": "00:21:56", "text": "I I people get so angry and so upset"}, {"start": "00:21:54", "end": "00:22:00", "text": "because of the coins that you bought. At"}, {"start": "00:21:56", "end": "00:22:02", "text": "some point you bought Cardono or XRP or"}, {"start": "00:22:00", "end": "00:22:04", "text": "Tron because you because something"}, {"start": "00:22:02", "end": "00:22:07", "text": "clicked in you. You were like that"}, {"start": "00:22:04", "end": "00:22:08", "text": "sounds good."}, {"start": "00:22:07", "end": "00:22:10", "text": "Do you remember when you first started"}, {"start": "00:22:08", "end": "00:22:13", "text": "buying these coins? Tell me in the"}, {"start": "00:22:10", "end": "00:22:16", "text": "comment section what's the point of XRP?"}, {"start": "00:22:13", "end": "00:22:19", "text": "Why do we have XRP? What is it used for?"}, {"start": "00:22:16", "end": "00:22:21", "text": "That that's not to be negative. Tell me,"}, {"start": "00:22:19", "end": "00:22:25", "text": "do you remember like the core principles"}, {"start": "00:22:21", "end": "00:22:27", "text": "of that coin? What's Cardano for?"}, {"start": "00:22:25", "end": "00:22:29", "text": "Cardano is not meant for you to buy and"}, {"start": "00:22:27", "end": "00:22:31", "text": "hold on to and then at some point"}, {"start": "00:22:29", "end": "00:22:34", "text": "Cardano makes you a millionaire. You go,"}, {"start": "00:22:31", "end": "00:22:37", "text": "\"Okay, I'm done.\""}, {"start": "00:22:34", "end": "00:22:40", "text": "If crypto succeeds into the 2040s,"}, {"start": "00:22:37", "end": "00:22:42", "text": "if in the year 2066,"}, {"start": "00:22:40", "end": "00:22:44", "text": "Bitcoin, Ethereum, and a bunch of other"}, {"start": "00:22:42", "end": "00:22:45", "text": "coins are still around, are you still"}, {"start": "00:22:44", "end": "00:22:47", "text": "holding on to those coins? Do you"}, {"start": "00:22:45", "end": "00:22:49", "text": "understand what those coins mean, what"}, {"start": "00:22:47", "end": "00:22:50", "text": "they do, the value proposition, what it"}, {"start": "00:22:49", "end": "00:22:53", "text": "means for 6 million Bitcoin to be lost"}, {"start": "00:22:50", "end": "00:22:56", "text": "and gone forever? Have you act have you"}, {"start": "00:22:53", "end": "00:22:58", "text": "thought about it? What's the point of"}, {"start": "00:22:56", "end": "00:23:01", "text": "Tron? Tell me. Tell me what the actual"}, {"start": "00:22:58", "end": "00:23:05", "text": "point of the coin is. You all know the"}, {"start": "00:23:01", "end": "00:23:06", "text": "coin Polygon. What does Polygon do?"}, {"start": "00:23:05", "end": "00:23:09", "text": "Why are institutions buying Bitcoin"}, {"start": "00:23:06", "end": "00:23:11", "text": "right now? How many new wallet addresses"}, {"start": "00:23:09", "end": "00:23:13", "text": "are there every single day for all of"}, {"start": "00:23:11", "end": "00:23:16", "text": "these coins? Do you know these metrics?"}, {"start": "00:23:13", "end": "00:23:16", "text": "Do you know these numbers?"}, {"start": "00:23:21", "end": "00:23:25", "text": "According to Gorbach, the shift"}, {"start": "00:23:23", "end": "00:23:29", "text": "introduced a flood of participants"}, {"start": "00:23:25", "end": "00:23:32", "text": "focused on shortterm gains rather than"}, {"start": "00:23:29", "end": "00:23:35", "text": "long-term value creation. If you buy"}, {"start": "00:23:32", "end": "00:23:38", "text": "Apple stock in 2005 and you see that the"}, {"start": "00:23:35", "end": "00:23:42", "text": "valuation of that company goes up from"}, {"start": "00:23:38", "end": "00:23:45", "text": "30 billion to 60 billion to a hundred"}, {"start": "00:23:42", "end": "00:23:48", "text": "billion to $3.3 trillion."}, {"start": "00:23:45", "end": "00:23:51", "text": "That is a longterm"}, {"start": "00:23:48", "end": "00:23:54", "text": "capital value appreciation. You stay in"}, {"start": "00:23:51", "end": "00:23:56", "text": "that stock."}, {"start": "00:23:54", "end": "00:23:59", "text": "What's the reason of staying in many of"}, {"start": "00:23:56", "end": "00:24:01", "text": "these different cryptocurrencies?"}, {"start": "00:23:59", "end": "00:24:05", "text": "someone announce"}, {"start": "00:24:01", "end": "00:24:07", "text": "Stellar Lumens just got so and so."}, {"start": "00:24:05", "end": "00:24:09", "text": "You see immediately people start selling"}, {"start": "00:24:07", "end": "00:24:11", "text": "off their Bitcoin. They sell off their"}, {"start": "00:24:09", "end": "00:24:13", "text": "Ether. They sell off their XRP. Why?"}, {"start": "00:24:11", "end": "00:24:15", "text": "Because they're throwing all their money"}, {"start": "00:24:13", "end": "00:24:17", "text": "into Stellar Lumens for the next 24"}, {"start": "00:24:15", "end": "00:24:19", "text": "hours for the price to go up. They wake"}, {"start": "00:24:17", "end": "00:24:21", "text": "up in the morning, Stella Lumens has has"}, {"start": "00:24:19", "end": "00:24:24", "text": "fallen while while you slept. You you"}, {"start": "00:24:21", "end": "00:24:28", "text": "lost money. The next day, Bitcoin goes"}, {"start": "00:24:24", "end": "00:24:33", "text": "up by 2%. XRP goes up by 4%. Stella"}, {"start": "00:24:28", "end": "00:24:38", "text": "Lumens goes down again by by by 3 4%."}, {"start": "00:24:33", "end": "00:24:40", "text": "It's just constant shortterm money."}, {"start": "00:24:38", "end": "00:24:43", "text": "Do you want to buy a house? Do you want"}, {"start": "00:24:40", "end": "00:24:45", "text": "to be rich? Do you want to never have to"}, {"start": "00:24:43", "end": "00:24:46", "text": "worry about money again? You know how"}, {"start": "00:24:45", "end": "00:24:49", "text": "you do it? You buy assets and you hold"}, {"start": "00:24:46", "end": "00:24:52", "text": "on to them. You buy Apple stock and you"}, {"start": "00:24:49", "end": "00:24:55", "text": "hold on to it. You buy stock that gives"}, {"start": "00:24:52", "end": "00:24:59", "text": "you dividends and you go, \"This company,"}, {"start": "00:24:55", "end": "00:25:02", "text": "their value proposition is enormous."}, {"start": "00:24:59", "end": "00:25:04", "text": "I love what they're doing.\""}, {"start": "00:25:02", "end": "00:25:07", "text": "Eight years go by, the company has"}, {"start": "00:25:04", "end": "00:25:10", "text": "quadrupled in value. They're selling"}, {"start": "00:25:07", "end": "00:25:11", "text": "more products than ever before. You"}, {"start": "00:25:10", "end": "00:25:13", "text": "don't hear that some company's making"}, {"start": "00:25:11", "end": "00:25:15", "text": "mattresses and you go, \"Oh my gosh, I"}, {"start": "00:25:13", "end": "00:25:17", "text": "love mattresses.\" And then you sell your"}, {"start": "00:25:15", "end": "00:25:20", "text": "entire position in that company to go"}, {"start": "00:25:17", "end": "00:25:23", "text": "buy a mattress company."}, {"start": "00:25:20", "end": "00:25:27", "text": "You keep buying the big one, the big"}, {"start": "00:25:23", "end": "00:25:29", "text": "company, the long-term value creation."}, {"start": "00:25:27", "end": "00:25:32", "text": "It's not about the short term."}, {"start": "00:25:29", "end": "00:25:34", "text": "Everyone's so obsessed with where prices"}, {"start": "00:25:32", "end": "00:25:36", "text": "are going tomorrow and where prices are"}, {"start": "00:25:34", "end": "00:25:38", "text": "going you you're missing the big"}, {"start": "00:25:36", "end": "00:25:40", "text": "picture. You're missing the countries"}, {"start": "00:25:38", "end": "00:25:44", "text": "buying Bitcoin. You're missing every"}, {"start": "00:25:40", "end": "00:25:50", "text": "single every single time that the price"}, {"start": "00:25:44", "end": "00:25:53", "text": "goes down, retail investors sell."}, {"start": "00:25:50", "end": "00:25:55", "text": "And then those coins are probably bought"}, {"start": "00:25:53", "end": "00:25:57", "text": "up by some of you."}, {"start": "00:25:55", "end": "00:25:58", "text": "And you look at how much Bitcoin you"}, {"start": "00:25:57", "end": "00:26:00", "text": "have. You look at how much Ether you"}, {"start": "00:25:58", "end": "00:26:02", "text": "have. You look at how much XRP you have."}, {"start": "00:26:00", "end": "00:26:04", "text": "And and and on many wallets, you can"}, {"start": "00:26:02", "end": "00:26:06", "text": "even see like the chart. It shows how"}, {"start": "00:26:04", "end": "00:26:08", "text": "much you had three years ago. And you"}, {"start": "00:26:06", "end": "00:26:10", "text": "see how much you have now and you're"}, {"start": "00:26:08", "end": "00:26:14", "text": "like, \"Yeah, of course, of course I have"}, {"start": "00:26:10", "end": "00:26:16", "text": "more money cuz I bought and I held.\""}, {"start": "00:26:14", "end": "00:26:18", "text": "When I tell you the idea of being able"}, {"start": "00:26:16", "end": "00:26:19", "text": "to like to to stake these coins, you're"}, {"start": "00:26:18", "end": "00:26:20", "text": "never going to have to sell your"}, {"start": "00:26:19", "end": "00:26:23", "text": "Bitcoin. You're never going to have to"}, {"start": "00:26:20", "end": "00:26:24", "text": "sell your XRP. You'll only get richer in"}, {"start": "00:26:23", "end": "00:26:27", "text": "that coin because you you'll keep"}, {"start": "00:26:24", "end": "00:26:30", "text": "holding on to them. The people who run"}, {"start": "00:26:27", "end": "00:26:31", "text": "these projects years ago, it was a you"}, {"start": "00:26:30", "end": "00:26:33", "text": "wouldn't believe the stuff that they"}, {"start": "00:26:31", "end": "00:26:35", "text": "were like that we were actually hearing"}, {"start": "00:26:33", "end": "00:26:38", "text": "that they could build. That's all"}, {"start": "00:26:35", "end": "00:26:40", "text": "disappeared for for shortterm approval"}, {"start": "00:26:38", "end": "00:26:43", "text": "to Wall Street."}, {"start": "00:26:40", "end": "00:26:45", "text": "introduced a flood of participants"}, {"start": "00:26:43", "end": "00:26:48", "text": "focused on short-term gains rather than"}, {"start": "00:26:45", "end": "00:26:50", "text": "long-term value creation"}, {"start": "00:26:48", "end": "00:26:52", "text": "which has since become a dominant force"}, {"start": "00:26:50", "end": "00:26:54", "text": "in the ecosystem."}, {"start": "00:26:52", "end": "00:26:57", "text": "No one cares. You don't care about"}, {"start": "00:26:54", "end": "00:27:00", "text": "actually becoming rich. You want to have"}, {"start": "00:26:57", "end": "00:27:02", "text": "money so you can show off to people."}, {"start": "00:27:00", "end": "00:27:04", "text": "The the the person you were dating who"}, {"start": "00:27:02", "end": "00:27:05", "text": "dumped you. You want to be able to go to"}, {"start": "00:27:04", "end": "00:27:08", "text": "them driving a nice car and go, \"Yeah,"}, {"start": "00:27:05", "end": "00:27:10", "text": "look who look who has money now.\" That's"}, {"start": "00:27:08", "end": "00:27:12", "text": "all you want. You're not thinking about"}, {"start": "00:27:10", "end": "00:27:14", "text": "actually becoming rich. You're in your"}, {"start": "00:27:12", "end": "00:27:17", "text": "30s. You're not thinking about I don't"}, {"start": "00:27:14", "end": "00:27:19", "text": "want to work until I'm 78 years old when"}, {"start": "00:27:17", "end": "00:27:22", "text": "my bones hurt. You're thinking about"}, {"start": "00:27:19", "end": "00:27:24", "text": "quick fast money. I told you before it"}, {"start": "00:27:22", "end": "00:27:25", "text": "happens every single cycle. I can always"}, {"start": "00:27:24", "end": "00:27:28", "text": "tell when my views on my channel start"}, {"start": "00:27:25", "end": "00:27:29", "text": "going down. It's I know instantaneous. I"}, {"start": "00:27:28", "end": "00:27:31", "text": "don't have to look at prices. I know"}, {"start": "00:27:29", "end": "00:27:33", "text": "that the market's going down. That's why"}, {"start": "00:27:31", "end": "00:27:35", "text": "I said before, if you're here, if you"}, {"start": "00:27:33", "end": "00:27:36", "text": "stay, if you pay attention, if you keep"}, {"start": "00:27:35", "end": "00:27:39", "text": "buying,"}, {"start": "00:27:36", "end": "00:27:40", "text": "of course, you've gotten richer. Of"}, {"start": "00:27:39", "end": "00:27:42", "text": "course, you have more crypto than you"}, {"start": "00:27:40", "end": "00:27:44", "text": "have before. Of course, if Bitcoin goes"}, {"start": "00:27:42", "end": "00:27:47", "text": "and and and triples or quadruples in"}, {"start": "00:27:44", "end": "00:27:49", "text": "price, of of course you've made out like"}, {"start": "00:27:47", "end": "00:27:51", "text": "a bandit. You've stayed in the market."}, {"start": "00:27:49", "end": "00:27:53", "text": "You knew what was going on. You saw"}, {"start": "00:27:51", "end": "00:27:55", "text": "where the money was flowing. Everyone"}, {"start": "00:27:53", "end": "00:27:57", "text": "else leaves over and over. These are the"}, {"start": "00:27:55", "end": "00:27:58", "text": "people who are discontent with life."}, {"start": "00:27:57", "end": "00:28:00", "text": "These are the people who don't like"}, {"start": "00:27:58", "end": "00:28:02", "text": "what's in their bank or or what's not in"}, {"start": "00:28:00", "end": "00:28:04", "text": "their bank account."}, {"start": "00:28:02", "end": "00:28:07", "text": "They just want nice, flashy, amazing,"}, {"start": "00:28:04", "end": "00:28:09", "text": "beautiful things. There's this YouTube"}, {"start": "00:28:07", "end": "00:28:10", "text": "video. It it it popped up and I and I"}, {"start": "00:28:09", "end": "00:28:15", "text": "and I watched it and and I was I was"}, {"start": "00:28:10", "end": "00:28:17", "text": "annoyed. It was this um whatever. It was"}, {"start": "00:28:15", "end": "00:28:20", "text": "this person who was traveling around the"}, {"start": "00:28:17", "end": "00:28:21", "text": "world and I mean they they they looked"}, {"start": "00:28:20", "end": "00:28:22", "text": "extravagant. They had this, they had"}, {"start": "00:28:21", "end": "00:28:25", "text": "that, they had so and so. They had all"}, {"start": "00:28:22", "end": "00:28:27", "text": "these different things."}, {"start": "00:28:25", "end": "00:28:28", "text": "And at some point during the video, they"}, {"start": "00:28:27", "end": "00:28:30", "text": "were like, \"Yeah, you know, I just kind"}, {"start": "00:28:28", "end": "00:28:31", "text": "of live my life the way that I want to."}, {"start": "00:28:30", "end": "00:28:33", "text": "I don't have a job right now. You know,"}, {"start": "00:28:31", "end": "00:28:35", "text": "money's kind of tight, but you know,"}, {"start": "00:28:33", "end": "00:28:38", "text": "still got the credit card.\" And I I felt"}, {"start": "00:28:35", "end": "00:28:39", "text": "sick to my stomach. I was like, \"You're"}, {"start": "00:28:38", "end": "00:28:42", "text": "you're making you're making this kind of"}, {"start": "00:28:39", "end": "00:28:43", "text": "content just pretending for yourself as"}, {"start": "00:28:42", "end": "00:28:45", "text": "well.\" They were they looked like they"}, {"start": "00:28:43", "end": "00:28:48", "text": "were maybe late 20, early 30s, and I was"}, {"start": "00:28:45", "end": "00:28:50", "text": "like, \"You are ruining your life. You"}, {"start": "00:28:48", "end": "00:28:52", "text": "are doom spending into the ground."}, {"start": "00:28:50", "end": "00:28:54", "text": "You're going to have nothing.\" And it's"}, {"start": "00:28:52", "end": "00:28:57", "text": "embarrassing. Like, I'm embarrassed for"}, {"start": "00:28:54", "end": "00:28:57", "text": "you."}, {"start": "00:28:58", "end": "00:29:04", "text": "Bitcoin has traded in a range below its"}, {"start": "00:29:01", "end": "00:29:07", "text": "November 2021"}, {"start": "00:29:04", "end": "00:29:10", "text": "all-time high of approximately 69,000"}, {"start": "00:29:07", "end": "00:29:13", "text": "for much of the past 2 years despite"}, {"start": "00:29:10", "end": "00:29:15", "text": "several rallies. Gerbox's critique"}, {"start": "00:29:13", "end": "00:29:18", "text": "suggests that the lack of a new all-time"}, {"start": "00:29:15", "end": "00:29:21", "text": "high is not solely a macroeconomic issue"}, {"start": "00:29:18", "end": "00:29:24", "text": "but also a structural problem within the"}, {"start": "00:29:21", "end": "00:29:26", "text": "crypto industry itself. He argued that"}, {"start": "00:29:24", "end": "00:29:28", "text": "the focus has shifted away from building"}, {"start": "00:29:26", "end": "00:29:31", "text": "reliable infrastructure and towards"}, {"start": "00:29:28", "end": "00:29:32", "text": "copying and marketing derivative"}, {"start": "00:29:31", "end": "00:29:35", "text": "products."}, {"start": "00:29:32", "end": "00:29:37", "text": "Everybody's talking about tokenization."}, {"start": "00:29:35", "end": "00:29:40", "text": "Everybody's talking about futures."}, {"start": "00:29:37", "end": "00:29:42", "text": "Everybody's talking about ETFs."}, {"start": "00:29:40", "end": "00:29:44", "text": "It's all they seem to care about now."}, {"start": "00:29:42", "end": "00:29:47", "text": "All these different companies. There is"}, {"start": "00:29:44", "end": "00:29:51", "text": "no fundamental for crypto. It just buy"}, {"start": "00:29:47", "end": "00:29:53", "text": "like it's it's it's insane."}, {"start": "00:29:51", "end": "00:29:55", "text": "Gerbach also expressed a wish that real"}, {"start": "00:29:53", "end": "00:29:57", "text": "world asset tokenization,"}, {"start": "00:29:55", "end": "00:30:00", "text": "a sector he views as more substantive,"}, {"start": "00:29:57", "end": "00:30:02", "text": "had occurred before 2017. The"}, {"start": "00:30:00", "end": "00:30:04", "text": "perspective aligns with his broader"}, {"start": "00:30:02", "end": "00:30:07", "text": "advocacy for assetbacked digital"}, {"start": "00:30:04", "end": "00:30:10", "text": "securities and tokenized traditional"}, {"start": "00:30:07", "end": "00:30:12", "text": "assets, areas where VANC has been"}, {"start": "00:30:10", "end": "00:30:16", "text": "active."}, {"start": "00:30:12", "end": "00:30:18", "text": "It is what it is. I've told you before,"}, {"start": "00:30:16", "end": "00:30:20", "text": "I've tried I've tried saving people."}, {"start": "00:30:18", "end": "00:30:22", "text": "I've tried helping people who I know,"}, {"start": "00:30:20", "end": "00:30:25", "text": "family members. I've tried helping"}, {"start": "00:30:22", "end": "00:30:27", "text": "friends. I told you I had a friend. It"}, {"start": "00:30:25", "end": "00:30:28", "text": "It's a shame. He's a friend from high"}, {"start": "00:30:27", "end": "00:30:30", "text": "school as well. We don't I mean, we"}, {"start": "00:30:28", "end": "00:30:33", "text": "don't talk anymore at all. Like, not"}, {"start": "00:30:30", "end": "00:30:35", "text": "even remotely close. Um"}, {"start": "00:30:33", "end": "00:30:36", "text": "I tried helping him over the years"}, {"start": "00:30:35", "end": "00:30:39", "text": "because I could see back then when I"}, {"start": "00:30:36", "end": "00:30:42", "text": "used Facebook that he wasn't he wasn't"}, {"start": "00:30:39", "end": "00:30:45", "text": "doing too well like moneywise."}, {"start": "00:30:42", "end": "00:30:46", "text": "He tried to uh I won't even say it. He"}, {"start": "00:30:45", "end": "00:30:48", "text": "tried to do this, he tried to do that."}, {"start": "00:30:46", "end": "00:30:50", "text": "He was just like he was kind of like"}, {"start": "00:30:48", "end": "00:30:52", "text": "just failing over and over. And I tried"}, {"start": "00:30:50", "end": "00:30:53", "text": "to give him some perspective. I wasn't a"}, {"start": "00:30:52", "end": "00:30:55", "text": "master of investing, but I was like,"}, {"start": "00:30:53", "end": "00:30:58", "text": "\"Hey, let me try and help.\" He's like,"}, {"start": "00:30:55", "end": "00:31:01", "text": "\"No, I don't need any help.\" At at some"}, {"start": "00:30:58", "end": "00:31:03", "text": "point, this I told you this probably in"}, {"start": "00:31:01", "end": "00:31:05", "text": "2021."}, {"start": "00:31:03", "end": "00:31:08", "text": "He got into an accident and was actually"}, {"start": "00:31:05", "end": "00:31:12", "text": "able to like um he filed a lawsuit and"}, {"start": "00:31:08", "end": "00:31:13", "text": "actually won. Uh sued the company from"}, {"start": "00:31:12", "end": "00:31:14", "text": "where it happened. Sorry, I'm"}, {"start": "00:31:13", "end": "00:31:16", "text": "stretching."}, {"start": "00:31:14", "end": "00:31:19", "text": "sued the company and I think he got like"}, {"start": "00:31:16", "end": "00:31:20", "text": "15 or 20,000 from the accident and I and"}, {"start": "00:31:19", "end": "00:31:24", "text": "the only reason why I found out is"}, {"start": "00:31:20", "end": "00:31:26", "text": "because he posted it on Facebook. I sent"}, {"start": "00:31:24", "end": "00:31:28", "text": "him a message and I this was when"}, {"start": "00:31:26", "end": "00:31:31", "text": "everything was closed when nobody had"}, {"start": "00:31:28", "end": "00:31:33", "text": "any job. He had just lost his job as"}, {"start": "00:31:31", "end": "00:31:35", "text": "well"}, {"start": "00:31:33", "end": "00:31:37", "text": "and I sent him a message and we we we"}, {"start": "00:31:35", "end": "00:31:39", "text": "were video chatting and I was like hey"}, {"start": "00:31:37", "end": "00:31:42", "text": "how how's it going? And before before I"}, {"start": "00:31:39", "end": "00:31:44", "text": "could even even think of being like,"}, {"start": "00:31:42", "end": "00:31:49", "text": "\"Save the money you just got,\" he told"}, {"start": "00:31:44", "end": "00:31:51", "text": "me he had he bought a laptop. He gosh,"}, {"start": "00:31:49", "end": "00:31:53", "text": "what was it? He bought a new iPhone,"}, {"start": "00:31:51", "end": "00:31:55", "text": "like the like whatever the Max version"}, {"start": "00:31:53", "end": "00:31:58", "text": "was. He bought all these different"}, {"start": "00:31:55", "end": "00:31:59", "text": "things. He bought a new TV. And he was"}, {"start": "00:31:58", "end": "00:32:01", "text": "like showing them off to me in the"}, {"start": "00:31:59", "end": "00:32:03", "text": "video. And I was like, \"Whoa, wow."}, {"start": "00:32:01", "end": "00:32:04", "text": "That's that's cool and awesome.\" And I"}, {"start": "00:32:03", "end": "00:32:07", "text": "was like, \"Not to be in your business,"}, {"start": "00:32:04", "end": "00:32:10", "text": "but like how much money do you have"}, {"start": "00:32:07", "end": "00:32:12", "text": "left?\" I think he had like 1,500 left."}, {"start": "00:32:10", "end": "00:32:14", "text": "And it was like just enough to pay for"}, {"start": "00:32:12", "end": "00:32:16", "text": "his rent. And I was like I was like,"}, {"start": "00:32:14", "end": "00:32:18", "text": "\"All right, cool, dude. That's awesome."}, {"start": "00:32:16", "end": "00:32:20", "text": "I'm I'm so I'm so happy that you're"}, {"start": "00:32:18", "end": "00:32:21", "text": "okay. And you got some new stuff.\" And"}, {"start": "00:32:20", "end": "00:32:22", "text": "then I was like, \"All right, cool. I'm"}, {"start": "00:32:21", "end": "00:32:26", "text": "going to go.\" And then I hung up the"}, {"start": "00:32:22", "end": "00:32:28", "text": "phone and I was like,"}, {"start": "00:32:26", "end": "00:32:30", "text": "\"So,"}, {"start": "00:32:28", "end": "00:32:32", "text": "um, I don't know. I I honestly don't"}, {"start": "00:32:30", "end": "00:32:35", "text": "know. I I I think I'm going through some"}, {"start": "00:32:32", "end": "00:32:37", "text": "sort of like transformative mental phase"}, {"start": "00:32:35", "end": "00:32:40", "text": "in my life where I've I've been trying"}, {"start": "00:32:37", "end": "00:32:42", "text": "to help people for so long really. I"}, {"start": "00:32:40", "end": "00:32:44", "text": "mean, my whole life, I just always try"}, {"start": "00:32:42", "end": "00:32:46", "text": "to maybe I don't do it correctly. Maybe"}, {"start": "00:32:44", "end": "00:32:47", "text": "I don't know what to say. Maybe I"}, {"start": "00:32:46", "end": "00:32:49", "text": "haven't figured out the right song and"}, {"start": "00:32:47", "end": "00:32:52", "text": "dance to be able to give people for them"}, {"start": "00:32:49", "end": "00:32:58", "text": "to uh understand what I'm talking about."}, {"start": "00:32:52", "end": "00:33:02", "text": "But I've tried for so long. So, um yeah,"}, {"start": "00:32:58", "end": "00:33:04", "text": "it it just is what it is. I think crypto"}, {"start": "00:33:02", "end": "00:33:06", "text": "personally I think the prices are going"}, {"start": "00:33:04", "end": "00:33:09", "text": "to recover. That's just a personal thing"}, {"start": "00:33:06", "end": "00:33:11", "text": "for me being in this market. Um I hope"}, {"start": "00:33:09", "end": "00:33:13", "text": "we end up getting something more"}, {"start": "00:33:11", "end": "00:33:14", "text": "sustainable for crypto cuz I think"}, {"start": "00:33:13", "end": "00:33:16", "text": "what's probably going to end up"}, {"start": "00:33:14", "end": "00:33:19", "text": "happening for the industry is it's just"}, {"start": "00:33:16", "end": "00:33:21", "text": "going to be another kind of like asset"}, {"start": "00:33:19", "end": "00:33:24", "text": "class. The idea of Bitcoin being digital"}, {"start": "00:33:21", "end": "00:33:26", "text": "gold I think will also disappear. These"}, {"start": "00:33:24", "end": "00:33:28", "text": "are my thoughts and ideas. I think"}, {"start": "00:33:26", "end": "00:33:30", "text": "Bitcoin will succeed because the richest"}, {"start": "00:33:28", "end": "00:33:32", "text": "people on the planet own Bitcoin, hoard"}, {"start": "00:33:30", "end": "00:33:35", "text": "Bitcoin, will be trading it and yada"}, {"start": "00:33:32", "end": "00:33:37", "text": "yada yada. I think the main focus for"}, {"start": "00:33:35", "end": "00:33:40", "text": "crypto will kind of just be like"}, {"start": "00:33:37", "end": "00:33:42", "text": "tokenized assets and stable coins. So, I"}, {"start": "00:33:40", "end": "00:33:44", "text": "think that the the chains that get the"}, {"start": "00:33:42", "end": "00:33:46", "text": "most traction,"}, {"start": "00:33:44", "end": "00:33:49", "text": "those will be the coins that actually"}, {"start": "00:33:46", "end": "00:33:51", "text": "end up being used, but anything as to"}, {"start": "00:33:49", "end": "00:33:53", "text": "what they were supposed to be"}, {"start": "00:33:51", "end": "00:33:54", "text": "uh will kind of just completely fade"}, {"start": "00:33:53", "end": "00:33:56", "text": "into obscurity."}, {"start": "00:33:54", "end": "00:34:00", "text": "But I do think crypto is going to"}, {"start": "00:33:56", "end": "00:34:01", "text": "succeed. I I think n I think we're only"}, {"start": "00:34:00", "end": "00:34:04", "text": "going to have like I keep saying like 10"}, {"start": "00:34:01", "end": "00:34:07", "text": "to 15 different coins, but you have to"}, {"start": "00:34:04", "end": "00:34:11", "text": "Okay. Anyway, it's it's it's it's very"}, {"start": "00:34:07", "end": "00:34:14", "text": "weird. It's very very odd. Um, I think"}, {"start": "00:34:11", "end": "00:34:16", "text": "there are multiple factors that would"}, {"start": "00:34:14", "end": "00:34:18", "text": "have let us"}, {"start": "00:34:16", "end": "00:34:21", "text": "realistically we should have around a"}, {"start": "00:34:18", "end": "00:34:23", "text": "$200 to $300,000 Bitcoin"}, {"start": "00:34:21", "end": "00:34:24", "text": "based off of how much money has moved"}, {"start": "00:34:23", "end": "00:34:27", "text": "into the market and all these other"}, {"start": "00:34:24", "end": "00:34:29", "text": "things. But if we focus on the narrative"}, {"start": "00:34:27", "end": "00:34:31", "text": "of the Federal Reserve and their"}, {"start": "00:34:29", "end": "00:34:34", "text": "decisions are scary and affect our"}, {"start": "00:34:31", "end": "00:34:35", "text": "prices, we're going to go down. If we"}, {"start": "00:34:34", "end": "00:34:37", "text": "pay attention to the fact that we didn't"}, {"start": "00:34:35", "end": "00:34:41", "text": "get some paperwork signed in Washington"}, {"start": "00:34:37", "end": "00:34:45", "text": "DC that this asset class that is around"}, {"start": "00:34:41", "end": "00:34:49", "text": "the world is you know whatever the price"}, {"start": "00:34:45", "end": "00:34:52", "text": "will go down. If we hear that someone"}, {"start": "00:34:49", "end": "00:34:54", "text": "trading in dollars said that Bitcoin's"}, {"start": "00:34:52", "end": "00:34:56", "text": "price should be $800 lower trading"}, {"start": "00:34:54", "end": "00:34:58", "text": "futures. Well, Bitcoin's price is going"}, {"start": "00:34:56", "end": "00:35:00", "text": "to go down because we have to be scared"}, {"start": "00:34:58", "end": "00:35:03", "text": "because of the futures. If we hear that"}, {"start": "00:35:00", "end": "00:35:06", "text": "money is flowing into the Bitcoin ETFs"}, {"start": "00:35:03", "end": "00:35:08", "text": "from one company and then there's"}, {"start": "00:35:06", "end": "00:35:10", "text": "outflows from that one company, well,"}, {"start": "00:35:08", "end": "00:35:11", "text": "yeah, all 8 billion people on the"}, {"start": "00:35:10", "end": "00:35:12", "text": "planet, we have to be scared at the"}, {"start": "00:35:11", "end": "00:35:17", "text": "exact same time because that's the new"}, {"start": "00:35:12", "end": "00:35:19", "text": "narrative. It's always the same."}, {"start": "00:35:17", "end": "00:35:21", "text": "So, yeah, Bitcoin should be much higher"}, {"start": "00:35:19", "end": "00:35:23", "text": "in price just based off of complete"}, {"start": "00:35:21", "end": "00:35:24", "text": "logic. I think that we'll get there and"}, {"start": "00:35:23", "end": "00:35:26", "text": "I think this is just another like"}, {"start": "00:35:24", "end": "00:35:30", "text": "annoying period in the cryptocurrency"}, {"start": "00:35:26", "end": "00:35:33", "text": "markets history. But I told you back in"}, {"start": "00:35:30", "end": "00:35:35", "text": "2017, 2018, 2019, I was like, I can't"}, {"start": "00:35:33", "end": "00:35:37", "text": "wait until logic actually hits this"}, {"start": "00:35:35", "end": "00:35:40", "text": "market. I can't wait until we see"}, {"start": "00:35:37", "end": "00:35:43", "text": "actual, you know, one day it's going to"}, {"start": "00:35:40", "end": "00:35:45", "text": "make sense. I don't think it's going to."}, {"start": "00:35:43", "end": "00:35:49", "text": "I I think the market kind of is what it"}, {"start": "00:35:45", "end": "00:35:50", "text": "is. A lot of people in the market don't"}, {"start": "00:35:49", "end": "00:35:53", "text": "actually care about Bitcoin"}, {"start": "00:35:50", "end": "00:35:54", "text": "fundamentals. I won't and I I won't be"}, {"start": "00:35:53", "end": "00:35:56", "text": "cringe and actually use the word"}, {"start": "00:35:54", "end": "00:35:58", "text": "freedom, but I think you don't"}, {"start": "00:35:56", "end": "00:36:00", "text": "understand"}, {"start": "00:35:58", "end": "00:36:02", "text": "what it means to have a system that we"}, {"start": "00:36:00", "end": "00:36:05", "text": "can escape to. Another place we can go"}, {"start": "00:36:02", "end": "00:36:07", "text": "to that's not run by the same exact"}, {"start": "00:36:05", "end": "00:36:09", "text": "people who destroyed the markets in"}, {"start": "00:36:07", "end": "00:36:12", "text": "2008, 2009."}, {"start": "00:36:09", "end": "00:36:15", "text": "So, I know it means nothing to people,"}, {"start": "00:36:12", "end": "00:36:19", "text": "same exact thing like most of the other"}, {"start": "00:36:15", "end": "00:36:22", "text": "world events, but um yeah, I hope you've"}, {"start": "00:36:19", "end": "00:36:24", "text": "all enjoyed. Hope you all are having a"}, {"start": "00:36:22", "end": "00:36:27", "text": "great day, morning, afternoon, evening,"}, {"start": "00:36:24", "end": "00:36:29", "text": "wherever you are, wherever you might be."}, {"start": "00:36:27", "end": "00:36:32", "text": "For those of you looking to get into"}, {"start": "00:36:29", "end": "00:36:35", "text": "real estate, I wrote a book. There's a"}, {"start": "00:36:32", "end": "00:36:37", "text": "link for it in the description below. I"}, {"start": "00:36:35", "end": "00:36:39", "text": "forgot this again. I always forget it. I"}, {"start": "00:36:37", "end": "00:36:43", "text": "have a very bad memory. Very big thank"}, {"start": "00:36:39", "end": "00:36:46", "text": "you to Finley Bass, Gilboa Snake, Trent"}, {"start": "00:36:43", "end": "00:36:49", "text": "Jackson, and Gypsy Queen. Very big thank"}, {"start": "00:36:46", "end": "00:36:51", "text": "you to my Patreon supporters. Thank you"}, {"start": "00:36:49", "end": "00:36:53", "text": "all once again for watching, listening,"}, {"start": "00:36:51", "end": "00:36:55", "text": "liking, commenting, and supporting. And"}, {"start": "00:36:53", "end": "00:36:58", "text": "I will"}, {"start": "00:36:55", "end": "00:37:00", "text": "most certainly be talking to you all"}, {"start": "00:36:58", "end": "00:37:03", "text": "soon."}, {"start": "00:37:00", "end": "00:37:03", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:11", "text": "Welcome back to the channel. Welcome"}, {"start": "00:00:08", "end": "00:00:13", "text": "back for another"}, {"start": "00:00:11", "end": "00:00:15", "text": "video."}, {"start": "00:00:13", "end": "00:00:18", "text": "Hope you're all doing great. Hope"}, {"start": "00:00:15", "end": "00:00:20", "text": "everyone out there is doing fantastic."}, {"start": "00:00:18", "end": "00:00:23", "text": "Hope you're all having the"}, {"start": "00:00:20", "end": "00:00:26", "text": "best investment journey of your life or"}, {"start": "00:00:23", "end": "00:00:30", "text": "or something like that. And that you're"}, {"start": "00:00:26", "end": "00:00:32", "text": "all having a great day. Very very big"}, {"start": "00:00:30", "end": "00:00:37", "text": "thank you. Okay, I'm better. Very big"}, {"start": "00:00:32", "end": "00:00:41", "text": "thank you to Finley Bass, Gil Boa Snake,"}, {"start": "00:00:37", "end": "00:00:43", "text": "Trent Jackson, and Gypsy Queen."}, {"start": "00:00:41", "end": "00:00:45", "text": "I do thank you all very very much. A"}, {"start": "00:00:43", "end": "00:00:46", "text": "very big thank you to my Patreon"}, {"start": "00:00:45", "end": "00:00:50", "text": "supporters."}, {"start": "00:00:46", "end": "00:00:54", "text": "Without any ado that is further, let's"}, {"start": "00:00:50", "end": "00:00:57", "text": "jump right into it."}, {"start": "00:00:54", "end": "00:00:59", "text": "The last I'm not I'm not knocking it. I"}, {"start": "00:00:57", "end": "00:01:02", "text": "I promise you I'm not."}, {"start": "00:00:59", "end": "00:01:05", "text": "The last few days have have have been"}, {"start": "00:01:02", "end": "00:01:11", "text": "one gigantic about-face."}, {"start": "00:01:05", "end": "00:01:12", "text": "We had some scary days or I don't know"}, {"start": "00:01:11", "end": "00:01:15", "text": "what to call them, but"}, {"start": "00:01:12", "end": "00:01:18", "text": "it revolved around this idea that"}, {"start": "00:01:15", "end": "00:01:20", "text": "companies and institutions were done"}, {"start": "00:01:18", "end": "00:01:23", "text": "with crypto or just weren't in the"}, {"start": "00:01:20", "end": "00:01:26", "text": "market anymore. Um but as of late, if"}, {"start": "00:01:23", "end": "00:01:30", "text": "you missed I want to say even yesterday,"}, {"start": "00:01:26", "end": "00:01:33", "text": "uh a number of companies re-announced"}, {"start": "00:01:30", "end": "00:01:35", "text": "that they bought several thousand more"}, {"start": "00:01:33", "end": "00:01:37", "text": "ether."}, {"start": "00:01:35", "end": "00:01:40", "text": "They bought huge amounts of Bitcoin."}, {"start": "00:01:37", "end": "00:01:43", "text": "They they re-responded in telling us"}, {"start": "00:01:40", "end": "00:01:46", "text": "that they love Bitcoin. And you know,"}, {"start": "00:01:43", "end": "00:01:48", "text": "even though we we we weren't here for a"}, {"start": "00:01:46", "end": "00:01:51", "text": "while, we're going to start buying more."}, {"start": "00:01:48", "end": "00:01:53", "text": "Grant Cardone, yeah, that was also one."}, {"start": "00:01:51", "end": "00:01:57", "text": "Was in the news. He announced that he"}, {"start": "00:01:53", "end": "00:01:59", "text": "continues to use his rental income"}, {"start": "00:01:57", "end": "00:02:03", "text": "to buy up more"}, {"start": "00:01:59", "end": "00:02:07", "text": "Bitcoin as well. I"}, {"start": "00:02:03", "end": "00:02:11", "text": "don't know if it's because"}, {"start": "00:02:07", "end": "00:02:13", "text": "sentiment in the crypto market began to"}, {"start": "00:02:11", "end": "00:02:16", "text": "fall around two to three weeks ago when"}, {"start": "00:02:13", "end": "00:02:17", "text": "we had like the second dip the first"}, {"start": "00:02:16", "end": "00:02:20", "text": "time"}, {"start": "00:02:17", "end": "00:02:22", "text": "to a $59,000"}, {"start": "00:02:20", "end": "00:02:26", "text": "Bitcoin, but there's been a"}, {"start": "00:02:22", "end": "00:02:27", "text": "dramatic resurgence in very wealthy"}, {"start": "00:02:26", "end": "00:02:30", "text": "people"}, {"start": "00:02:27", "end": "00:02:33", "text": "announcing again to the public their"}, {"start": "00:02:30", "end": "00:02:36", "text": "conviction for the cryptocurrency market"}, {"start": "00:02:33", "end": "00:02:38", "text": "and where they foresee cryptocurrency"}, {"start": "00:02:36", "end": "00:02:41", "text": "prices going."}, {"start": "00:02:38", "end": "00:02:44", "text": "Oh, yes. As as you might have imagined"}, {"start": "00:02:41", "end": "00:02:48", "text": "the price predictions are also"}, {"start": "00:02:44", "end": "00:02:49", "text": "thrown back into the mix. We've gone"}, {"start": "00:02:48", "end": "00:02:51", "text": "over"}, {"start": "00:02:49", "end": "00:02:54", "text": "several times."}, {"start": "00:02:51", "end": "00:02:57", "text": "They're all expecting Bitcoin"}, {"start": "00:02:54", "end": "00:03:00", "text": "to go over several million dollars per"}, {"start": "00:02:57", "end": "00:03:02", "text": "coin. That's not really a secret and I"}, {"start": "00:03:00", "end": "00:03:03", "text": "assume it's one of the main driving"}, {"start": "00:03:02", "end": "00:03:06", "text": "forces"}, {"start": "00:03:03", "end": "00:03:08", "text": "behind why we're seeing so many of these"}, {"start": "00:03:06", "end": "00:03:10", "text": "companies"}, {"start": "00:03:08", "end": "00:03:12", "text": "bouncing back into crypto announcing"}, {"start": "00:03:10", "end": "00:03:15", "text": "their conviction for it."}, {"start": "00:03:12", "end": "00:03:17", "text": "I feel like"}, {"start": "00:03:15", "end": "00:03:20", "text": "there was some kind of a fear by these"}, {"start": "00:03:17", "end": "00:03:22", "text": "companies that like everyone was going"}, {"start": "00:03:20", "end": "00:03:24", "text": "to leave and therefore they had to all"}, {"start": "00:03:22", "end": "00:03:26", "text": "step back in"}, {"start": "00:03:24", "end": "00:03:27", "text": "and talk about how how beautiful Bitcoin"}, {"start": "00:03:26", "end": "00:03:30", "text": "was"}, {"start": "00:03:27", "end": "00:03:33", "text": "because we've had stuff like that before"}, {"start": "00:03:30", "end": "00:03:35", "text": "in the past. Coinbase,"}, {"start": "00:03:33", "end": "00:03:38", "text": "Binance, everyone will kind of join"}, {"start": "00:03:35", "end": "00:03:40", "text": "hands Kumbaya and go like no things are"}, {"start": "00:03:38", "end": "00:03:42", "text": "amazing even when"}, {"start": "00:03:40", "end": "00:03:44", "text": "we start seeing people getting scared."}, {"start": "00:03:42", "end": "00:03:44", "text": "So anyway,"}, {"start": "00:03:45", "end": "00:03:51", "text": "Sure. Okay. So in in what can only be"}, {"start": "00:03:49", "end": "00:03:54", "text": "imagined"}, {"start": "00:03:51", "end": "00:03:56", "text": "as"}, {"start": "00:03:54", "end": "00:03:59", "text": "very"}, {"start": "00:03:56", "end": "00:04:02", "text": "very popular news."}, {"start": "00:03:59", "end": "00:04:06", "text": "Uh the creator of Telegram,"}, {"start": "00:04:02", "end": "00:04:09", "text": "his name is Pavel Durov,"}, {"start": "00:04:06", "end": "00:04:11", "text": "has joined the bandwagon."}, {"start": "00:04:09", "end": "00:04:14", "text": "If you've been in crypto for a while,"}, {"start": "00:04:11", "end": "00:04:18", "text": "you know the patterns. If you uh haven't"}, {"start": "00:04:14", "end": "00:04:21", "text": "been here for a couple of years, things"}, {"start": "00:04:18", "end": "00:04:21", "text": "kind of always work out this way in this"}, {"start": "00:04:21", "end": "00:04:25", "text": "uh"}, {"start": "00:04:21", "end": "00:04:28", "text": "pendulum kind of of thing. So, we have"}, {"start": "00:04:25", "end": "00:04:31", "text": "an expression of pessimism."}, {"start": "00:04:28", "end": "00:04:34", "text": "The market looks like it might go lower."}, {"start": "00:04:31", "end": "00:04:36", "text": "Why is Bitcoin doing this? Is Ethereum"}, {"start": "00:04:34", "end": "00:04:39", "text": "ever going to go higher?"}, {"start": "00:04:36", "end": "00:04:41", "text": "As it swings fully"}, {"start": "00:04:39", "end": "00:04:44", "text": "to the other side, back-to-back, we"}, {"start": "00:04:41", "end": "00:04:46", "text": "begin to hear Bitcoin's going higher."}, {"start": "00:04:44", "end": "00:04:49", "text": "We're still buying Bitcoin. It's this"}, {"start": "00:04:46", "end": "00:04:52", "text": "kind of a So, I guess we're currently on"}, {"start": "00:04:49", "end": "00:04:54", "text": "the other side of the pendulum swing"}, {"start": "00:04:52", "end": "00:04:58", "text": "right now. Um"}, {"start": "00:04:54", "end": "00:04:58", "text": "I read through some of this, and I"}, {"start": "00:04:59", "end": "00:05:06", "text": "I find how disconnected wealthy people"}, {"start": "00:05:03", "end": "00:05:08", "text": "are from society to be"}, {"start": "00:05:06", "end": "00:05:11", "text": "uh almost like fascinating. Like like it"}, {"start": "00:05:08", "end": "00:05:12", "text": "needs to be kind of studied in in some"}, {"start": "00:05:11", "end": "00:05:13", "text": "sort of way. You're going to see what"}, {"start": "00:05:12", "end": "00:05:15", "text": "I'm talking about. I don't know if"}, {"start": "00:05:13", "end": "00:05:19", "text": "you'll pick up on it as well, but"}, {"start": "00:05:15", "end": "00:05:20", "text": "uh billionaires don't live the same"}, {"start": "00:05:19", "end": "00:05:23", "text": "lives that"}, {"start": "00:05:20", "end": "00:05:25", "text": "uh normal people do."}, {"start": "00:05:23", "end": "00:05:27", "text": "Telegram founder,"}, {"start": "00:05:25", "end": "00:05:30", "text": "his name is Pavel Durov. I assume that's"}, {"start": "00:05:27", "end": "00:05:32", "text": "how you pronounce it. Remains one of"}, {"start": "00:05:30", "end": "00:05:35", "text": "Bitcoin's earliest"}, {"start": "00:05:32", "end": "00:05:38", "text": "and strongest supporters."}, {"start": "00:05:35", "end": "00:05:40", "text": "Speaking in a recent interview,"}, {"start": "00:05:38", "end": "00:05:43", "text": "Durov revealed"}, {"start": "00:05:40", "end": "00:05:45", "text": "that his early"}, {"start": "00:05:43", "end": "00:05:47", "text": "early"}, {"start": "00:05:45", "end": "00:05:51", "text": "Bitcoin investments"}, {"start": "00:05:47", "end": "00:05:54", "text": "have helped fund his lifestyle for years"}, {"start": "00:05:51", "end": "00:05:54", "text": "and explained"}, {"start": "00:05:54", "end": "00:06:00", "text": "why he still thinks Bitcoin's price"}, {"start": "00:05:57", "end": "00:06:02", "text": "could eventually reach 1 million dollars"}, {"start": "00:06:00", "end": "00:06:05", "text": "per coin."}, {"start": "00:06:02", "end": "00:06:08", "text": "He said, \"Okay.\""}, {"start": "00:06:05", "end": "00:06:11", "text": "He said Telegram is a money-losing"}, {"start": "00:06:08", "end": "00:06:13", "text": "operation for me personally."}, {"start": "00:06:11", "end": "00:06:17", "text": "Okay, you don't normally hear honesty"}, {"start": "00:06:13", "end": "00:06:20", "text": "there. Durov surprised many"}, {"start": "00:06:17", "end": "00:06:22", "text": "by saying that Telegram itself"}, {"start": "00:06:20", "end": "00:06:24", "text": "has not been a source of personal"}, {"start": "00:06:22", "end": "00:06:26", "text": "wealth. I don't know how they would make"}, {"start": "00:06:24", "end": "00:06:28", "text": "money from Telegram. You don't have to"}, {"start": "00:06:26", "end": "00:06:29", "text": "pay to use it, so"}, {"start": "00:06:28", "end": "00:06:32", "text": "according to him"}, {"start": "00:06:29", "end": "00:06:35", "text": "people often assume that his lifestyle"}, {"start": "00:06:32", "end": "00:06:36", "text": "comes from the messaging platform."}, {"start": "00:06:35", "end": "00:06:38", "text": "However"}, {"start": "00:06:36", "end": "00:06:42", "text": "Durov said Telegram has actually been a"}, {"start": "00:06:38", "end": "00:06:44", "text": "money-losing operation for him. Instead"}, {"start": "00:06:42", "end": "00:06:46", "text": "he revealed that his Bitcoin investments"}, {"start": "00:06:44", "end": "00:06:47", "text": "have allowed to"}, {"start": "00:06:46", "end": "00:06:49", "text": ">> [laughter]"}, {"start": "00:06:47", "end": "00:06:51", "text": ">> have allowed him to stay financially"}, {"start": "00:06:49", "end": "00:06:53", "text": "afloat over the years."}, {"start": "00:06:51", "end": "00:06:56", "text": "When you hear how much Bitcoin he has,"}, {"start": "00:06:53", "end": "00:06:59", "text": "he's not afloat. He's he's he's he's"}, {"start": "00:06:56", "end": "00:07:01", "text": "he's with the clouds. He's somewhere"}, {"start": "00:06:59", "end": "00:07:02", "text": "He's somewhere quite wealthy."}, {"start": "00:07:01", "end": "00:07:06", "text": "He said, \"I've been able to fund my"}, {"start": "00:07:02", "end": "00:07:08", "text": "lifestyle from my Bitcoin investment.\""}, {"start": "00:07:06", "end": "00:07:10", "text": "Adding that Bitcoin has played a major"}, {"start": "00:07:08", "end": "00:07:11", "text": "role in maintaining his independence."}, {"start": "00:07:10", "end": "00:07:13", "text": "It's a little bit more than"}, {"start": "00:07:11", "end": "00:07:16", "text": "independence. It's like"}, {"start": "00:07:13", "end": "00:07:17", "text": "you can't say that you like have like 17"}, {"start": "00:07:16", "end": "00:07:19", "text": "castles and be like"}, {"start": "00:07:17", "end": "00:07:21", "text": "I think I'm middle class."}, {"start": "00:07:19", "end": "00:07:22", "text": "There's a movie Oh gosh, what is it"}, {"start": "00:07:21", "end": "00:07:24", "text": "called?"}, {"start": "00:07:22", "end": "00:07:26", "text": "Is it called Rich Flu?"}, {"start": "00:07:24", "end": "00:07:30", "text": "Oh, I don't even know where you can"}, {"start": "00:07:26", "end": "00:07:31", "text": "watch this. I found it on some random uh"}, {"start": "00:07:30", "end": "00:07:33", "text": "I found it on some random streaming"}, {"start": "00:07:31", "end": "00:07:36", "text": "platform. I'm certain."}, {"start": "00:07:33", "end": "00:07:38", "text": "The movie is called Rich Flu. I'm not"}, {"start": "00:07:36", "end": "00:07:40", "text": "going to spoil it for you, but it's"}, {"start": "00:07:38", "end": "00:07:43", "text": "basically a world where like people who"}, {"start": "00:07:40", "end": "00:07:47", "text": "have like tremendous amounts of money"}, {"start": "00:07:43", "end": "00:07:48", "text": "start facing like weird consequences for"}, {"start": "00:07:47", "end": "00:07:50", "text": "it. Anyway,"}, {"start": "00:07:48", "end": "00:07:53", "text": "there's one part of the movie, once"}, {"start": "00:07:50", "end": "00:07:56", "text": "again, not a spoiler, where uh the CEO"}, {"start": "00:07:53", "end": "00:07:58", "text": "is chatting with her assistant. And"}, {"start": "00:07:56", "end": "00:08:01", "text": "she's like she just bought like a like a"}, {"start": "00:07:58", "end": "00:08:03", "text": "a $30,000 bag or something like that."}, {"start": "00:08:01", "end": "00:08:05", "text": "And he's like, \"Oh, nice bag.\" And she's"}, {"start": "00:08:03", "end": "00:08:07", "text": "like, \"Yeah, you know, but it's not as"}, {"start": "00:08:05", "end": "00:08:08", "text": "nice as I want it to be.\" He's like,"}, {"start": "00:08:07", "end": "00:08:10", "text": "\"What do you mean?\" She was like, \"Well,"}, {"start": "00:08:08", "end": "00:08:12", "text": "you know,"}, {"start": "00:08:10", "end": "00:08:14", "text": "I'm kind of lower middle class.\" And he"}, {"start": "00:08:12", "end": "00:08:15", "text": "was like, \"What?\""}, {"start": "00:08:14", "end": "00:08:17", "text": "She was like, \"You know, like the way"}, {"start": "00:08:15", "end": "00:08:19", "text": "that I live, I'm I'm lower middle"}, {"start": "00:08:17", "end": "00:08:20", "text": "class.\" And he's like,"}, {"start": "00:08:19", "end": "00:08:21", "text": "\"You realize you're excessively"}, {"start": "00:08:20", "end": "00:08:24", "text": "wealthy.\" She's like, \"It's nice of you"}, {"start": "00:08:21", "end": "00:08:26", "text": "to say that, but you know, I'm only"}, {"start": "00:08:24", "end": "00:08:28", "text": "worth around $200 million. So, hopefully"}, {"start": "00:08:26", "end": "00:08:30", "text": "one day I do become rich.\" And it's"}, {"start": "00:08:28", "end": "00:08:32", "text": "meant to it's meant it feels satirical,"}, {"start": "00:08:30", "end": "00:08:34", "text": "but I"}, {"start": "00:08:32", "end": "00:08:37", "text": "I laughed for at least a good 15 and 1/2"}, {"start": "00:08:34", "end": "00:08:40", "text": "minutes uh because I've met people in my"}, {"start": "00:08:37", "end": "00:08:43", "text": "life Listen, I've met people in my life."}, {"start": "00:08:40", "end": "00:08:45", "text": "You know what they do every day?"}, {"start": "00:08:43", "end": "00:08:47", "text": "These people wake up at 11:00 and they"}, {"start": "00:08:45", "end": "00:08:50", "text": "go to the spa."}, {"start": "00:08:47", "end": "00:08:53", "text": "I'm not talking about once a week."}, {"start": "00:08:50", "end": "00:08:55", "text": "I don't mean like, you know, once a"}, {"start": "00:08:53", "end": "00:08:58", "text": "season."}, {"start": "00:08:55", "end": "00:09:01", "text": "Every single day."}, {"start": "00:08:58", "end": "00:09:05", "text": "They wake up. They order food. They go"}, {"start": "00:09:01", "end": "00:09:07", "text": "to a spa. I see them sometimes at pools"}, {"start": "00:09:05", "end": "00:09:09", "text": "and many other places. And they're And"}, {"start": "00:09:07", "end": "00:09:11", "text": "you have conversations with them and"}, {"start": "00:09:09", "end": "00:09:12", "text": "they're like, \"So, listen,"}, {"start": "00:09:11", "end": "00:09:14", "text": "I recently had a conversation with"}, {"start": "00:09:12", "end": "00:09:15", "text": "someone and I was like, \"Hey, how's it"}, {"start": "00:09:14", "end": "00:09:16", "text": "How's your summer going?\" He's like,"}, {"start": "00:09:15", "end": "00:09:18", "text": "\"It's okay, you know, nothing too"}, {"start": "00:09:16", "end": "00:09:20", "text": "special.\" I was like, \"Do you have any"}, {"start": "00:09:18", "end": "00:09:22", "text": "summer plans?\" He said, \"Yeah, you know,"}, {"start": "00:09:20", "end": "00:09:26", "text": "I'm kind of tired.\" And I was like,"}, {"start": "00:09:22", "end": "00:09:28", "text": "\"Why?\" He's going to Greece for I think"}, {"start": "00:09:26", "end": "00:09:31", "text": "2 weeks to see a friend."}, {"start": "00:09:28", "end": "00:09:32", "text": "Uh they're staying in some luxury hotel,"}, {"start": "00:09:31", "end": "00:09:35", "text": "which he doesn't like because it's not"}, {"start": "00:09:32", "end": "00:09:36", "text": "luxurious enough for him. And then he's"}, {"start": "00:09:35", "end": "00:09:38", "text": "going to Italy for I think a week or"}, {"start": "00:09:36", "end": "00:09:40", "text": "two. And then he was like, \"Yeah, I have"}, {"start": "00:09:38", "end": "00:09:42", "text": "to go to London as well for 5 days.\""}, {"start": "00:09:40", "end": "00:09:43", "text": "He's like, \"I don't"}, {"start": "00:09:42", "end": "00:09:44", "text": "I don't want to go to London.\" I was"}, {"start": "00:09:43", "end": "00:09:47", "text": "like, \"Where are you staying?\" He's"}, {"start": "00:09:44", "end": "00:09:48", "text": "staying in Mayfair. If you know If you"}, {"start": "00:09:47", "end": "00:09:49", "text": "know London, [snorts]"}, {"start": "00:09:48", "end": "00:09:51", "text": "and he was like, \"Yeah, you know, so I"}, {"start": "00:09:49", "end": "00:09:52", "text": "think we might try and go someplace"}, {"start": "00:09:51", "end": "00:09:55", "text": "after.\" And I was like, \"Your summer"}, {"start": "00:09:52", "end": "00:09:58", "text": "sounds pretty busy.\" And he's like, \"I'm"}, {"start": "00:09:55", "end": "00:10:00", "text": "I'm tired. You know, I'm always"}, {"start": "00:09:58", "end": "00:10:02", "text": "traveling.\" He's like, \"The the the the"}, {"start": "00:10:00", "end": "00:10:04", "text": "the spas and like the wellness places"}, {"start": "00:10:02", "end": "00:10:06", "text": "that I go, they like I like them in this"}, {"start": "00:10:04", "end": "00:10:07", "text": "city, and they don't have them the other"}, {"start": "00:10:06", "end": "00:10:08", "text": "places, so I'll be struggling for a"}, {"start": "00:10:07", "end": "00:10:11", "text": "while.\""}, {"start": "00:10:08", "end": "00:10:13", "text": "And I And I tried to do like a boom boom"}, {"start": "00:10:11", "end": "00:10:15", "text": "with him to be like,"}, {"start": "00:10:13", "end": "00:10:16", "text": "\"Oh gosh, your life is so difficult, you"}, {"start": "00:10:15", "end": "00:10:19", "text": "know, how how how are you managing?\" He"}, {"start": "00:10:16", "end": "00:10:21", "text": "goes, \"I I I I try to do what I can."}, {"start": "00:10:19", "end": "00:10:23", "text": "It's just, you know, it's not always"}, {"start": "00:10:21", "end": "00:10:24", "text": "easy.\" And I realized that he wasn't"}, {"start": "00:10:23", "end": "00:10:26", "text": "joking and that there was a disconnect"}, {"start": "00:10:24", "end": "00:10:28", "text": "because I grew up excessively poor."}, {"start": "00:10:26", "end": "00:10:32", "text": "You You can't imagine"}, {"start": "00:10:28", "end": "00:10:34", "text": "how I would love for my problems to be"}, {"start": "00:10:32", "end": "00:10:35", "text": "that I have to stay in expensive hotels,"}, {"start": "00:10:34", "end": "00:10:39", "text": "and that like"}, {"start": "00:10:35", "end": "00:10:42", "text": "the spa and pool that I like it's just"}, {"start": "00:10:39", "end": "00:10:45", "text": "just not there. There's a real You don't"}, {"start": "00:10:42", "end": "00:10:48", "text": "understand how rich people live. You You"}, {"start": "00:10:45", "end": "00:10:50", "text": "have an idea from movies."}, {"start": "00:10:48", "end": "00:10:51", "text": "Rich people are actually ridiculous."}, {"start": "00:10:50", "end": "00:10:53", "text": "When you hear the things that they have"}, {"start": "00:10:51", "end": "00:10:55", "text": "to say about like life and stuff like"}, {"start": "00:10:53", "end": "00:10:57", "text": "that, it's um"}, {"start": "00:10:55", "end": "00:10:58", "text": "Anyhow,"}, {"start": "00:10:57", "end": "00:11:00", "text": "he said, \"I've been able to fund my"}, {"start": "00:10:58", "end": "00:11:03", "text": "lifestyle"}, {"start": "00:11:00", "end": "00:11:06", "text": "from my Bitcoin investment.\""}, {"start": "00:11:03", "end": "00:11:10", "text": "Here we go. He said, \"I got my I got to"}, {"start": "00:11:06", "end": "00:11:12", "text": "buy my first Oh my gosh."}, {"start": "00:11:10", "end": "00:11:16", "text": "He said, and I quote,"}, {"start": "00:11:12", "end": "00:11:20", "text": "\"I got to buy my first few thousand"}, {"start": "00:11:16", "end": "00:11:20", "text": "Bitcoin in 2013.\""}, {"start": "00:11:21", "end": "00:11:27", "text": "Durov said he entered Bitcoin back in"}, {"start": "00:11:24", "end": "00:11:30", "text": "2013 when the asset was trading near"}, {"start": "00:11:27", "end": "00:11:30", "text": "$700."}, {"start": "00:11:31", "end": "00:11:35", "text": "I think we're supposed to feel sorry for"}, {"start": "00:11:33", "end": "00:11:38", "text": "him because"}, {"start": "00:11:35", "end": "00:11:41", "text": "he admitted that he likely bought near a"}, {"start": "00:11:38", "end": "00:11:43", "text": "local market peak. Oh, no."}, {"start": "00:11:41", "end": "00:11:45", "text": "And invested several million dollars"}, {"start": "00:11:43", "end": "00:11:47", "text": "into the cryptocurrency. What is he"}, {"start": "00:11:45", "end": "00:11:49", "text": "going to do?"}, {"start": "00:11:47", "end": "00:11:51", "text": "He only has $700"}, {"start": "00:11:49", "end": "00:11:53", "text": "worth of Bitcoin. I feel I feel"}, {"start": "00:11:51", "end": "00:11:56", "text": "[laughter] really I feel really bad for"}, {"start": "00:11:53", "end": "00:11:58", "text": "him. Guys, I feel like we should donate"}, {"start": "00:11:56", "end": "00:12:02", "text": "to his cause."}, {"start": "00:11:58", "end": "00:12:05", "text": "Soon after, Bitcoin fell sharply."}, {"start": "00:12:02", "end": "00:12:07", "text": "Dropping to nearly $200 to $300 per"}, {"start": "00:12:05", "end": "00:12:10", "text": "coin. Do you know how much it hurts to"}, {"start": "00:12:07", "end": "00:12:12", "text": "to to read"}, {"start": "00:12:10", "end": "00:12:15", "text": "that Bitcoin was at any point even at"}, {"start": "00:12:12", "end": "00:12:15", "text": "$700?"}, {"start": "00:12:16", "end": "00:12:20", "text": "If I had a time machine, I would take"}, {"start": "00:12:18", "end": "00:12:22", "text": "you all with me."}, {"start": "00:12:20", "end": "00:12:24", "text": "I would take every single one of you so"}, {"start": "00:12:22", "end": "00:12:27", "text": "that we had to pay the extremely high"}, {"start": "00:12:24", "end": "00:12:29", "text": "price of $700"}, {"start": "00:12:27", "end": "00:12:31", "text": "per Bitcoin."}, {"start": "00:12:29", "end": "00:12:32", "text": "I saw this video. For some reason, I'm"}, {"start": "00:12:31", "end": "00:12:34", "text": "getting a lot of like sports cards"}, {"start": "00:12:32", "end": "00:12:36", "text": "thing, and I don't know where it's"}, {"start": "00:12:34", "end": "00:12:37", "text": "coming from. Am I you Maybe I'm I don't"}, {"start": "00:12:36", "end": "00:12:39", "text": "know. I'm watching like a lot of like"}, {"start": "00:12:37", "end": "00:12:41", "text": "Pok�mon investment thing, so I guess the"}, {"start": "00:12:39", "end": "00:12:43", "text": "Pok�mon investments are just translating"}, {"start": "00:12:41", "end": "00:12:45", "text": "into sports card videos. I'm not really"}, {"start": "00:12:43", "end": "00:12:47", "text": "sure."}, {"start": "00:12:45", "end": "00:12:49", "text": "There was this guy in this video, and he"}, {"start": "00:12:47", "end": "00:12:51", "text": "was he was stating he was like, \"Yeah,"}, {"start": "00:12:49", "end": "00:12:54", "text": "you know, I I bought this card"}, {"start": "00:12:51", "end": "00:12:57", "text": "originally for 6,000. I was kind of"}, {"start": "00:12:54", "end": "00:13:00", "text": "upset with myself because I remember"}, {"start": "00:12:57", "end": "00:13:04", "text": "like a couple years before in the '90s,"}, {"start": "00:13:00", "end": "00:13:04", "text": "the card was like 100 bucks.\""}, {"start": "00:13:04", "end": "00:13:08", "text": "And then the guy who's interviewing him"}, {"start": "00:13:06", "end": "00:13:10", "text": "is is asking him. He said, \"Well, how"}, {"start": "00:13:08", "end": "00:13:11", "text": "how much is the card worth now?\""}, {"start": "00:13:10", "end": "00:13:13", "text": "He's like, \"It's roughly around like"}, {"start": "00:13:11", "end": "00:13:15", "text": "half a million. That was the last sale a"}, {"start": "00:13:13", "end": "00:13:17", "text": "couple years ago. They don't come up"}, {"start": "00:13:15", "end": "00:13:19", "text": "that often.\""}, {"start": "00:13:17", "end": "00:13:21", "text": "And I was like,"}, {"start": "00:13:19", "end": "00:13:22", "text": "I feel like that guy's actually upset"}, {"start": "00:13:21", "end": "00:13:24", "text": "that he bought it"}, {"start": "00:13:22", "end": "00:13:27", "text": "for like a for like a couple thousand"}, {"start": "00:13:24", "end": "00:13:30", "text": "and not and not 50 bucks."}, {"start": "00:13:27", "end": "00:13:32", "text": "In In my mind, there's no real"}, {"start": "00:13:30", "end": "00:13:33", "text": "difference between because he only"}, {"start": "00:13:32", "end": "00:13:35", "text": "bought one of them. If he had bought a"}, {"start": "00:13:33", "end": "00:13:36", "text": "hundred of them, okay, there's a you"}, {"start": "00:13:35", "end": "00:13:39", "text": "know, price difference."}, {"start": "00:13:36", "end": "00:13:42", "text": "The If I bought something for 50 bucks"}, {"start": "00:13:39", "end": "00:13:45", "text": "or 6,000 and it went to half a million,"}, {"start": "00:13:42", "end": "00:13:46", "text": "I feel like I still won."}, {"start": "00:13:45", "end": "00:13:48", "text": "There's no There's no [laughter] real"}, {"start": "00:13:46", "end": "00:13:50", "text": "difference. There's no real difference"}, {"start": "00:13:48", "end": "00:13:52", "text": "for me. His entire trading card port uh"}, {"start": "00:13:50", "end": "00:13:54", "text": "portfolio, if you will,"}, {"start": "00:13:52", "end": "00:13:56", "text": "was worth around like 10 million dollars"}, {"start": "00:13:54", "end": "00:13:58", "text": "and I was like, \"Oh my gosh, I'm so sad"}, {"start": "00:13:56", "end": "00:14:00", "text": "for your life. I I hope I hope things"}, {"start": "00:13:58", "end": "00:14:01", "text": "get better for you"}, {"start": "00:14:00", "end": "00:14:03", "text": "cuz you know, you're really poor right"}, {"start": "00:14:01", "end": "00:14:06", "text": "now.\""}, {"start": "00:14:03", "end": "00:14:09", "text": "He said he bought his first few thousand"}, {"start": "00:14:06", "end": "00:14:12", "text": "Bitcoin in 2013."}, {"start": "00:14:09", "end": "00:14:14", "text": "If you If you state say in my first few,"}, {"start": "00:14:12", "end": "00:14:16", "text": "that lets me understand you bought a lot"}, {"start": "00:14:14", "end": "00:14:19", "text": "more after that."}, {"start": "00:14:16", "end": "00:14:21", "text": "At the time, many people sympathized"}, {"start": "00:14:19", "end": "00:14:23", "text": "with him and told him that he had made a"}, {"start": "00:14:21", "end": "00:14:25", "text": "costly mistake."}, {"start": "00:14:23", "end": "00:14:28", "text": "But Durov never viewed the the coin as a"}, {"start": "00:14:25", "end": "00:14:30", "text": "problem. He said, \"I don't care. I'm not"}, {"start": "00:14:28", "end": "00:14:32", "text": "going to sell it.\""}, {"start": "00:14:30", "end": "00:14:33", "text": "Despite the market crash, Durov said he"}, {"start": "00:14:32", "end": "00:14:34", "text": "never thought about selling his"}, {"start": "00:14:33", "end": "00:14:35", "text": "holdings."}, {"start": "00:14:34", "end": "00:14:37", "text": "He explained that he had faith in"}, {"start": "00:14:35", "end": "00:14:39", "text": "Bitcoin from the very beginning and"}, {"start": "00:14:37", "end": "00:14:40", "text": "remained convinced even when prices"}, {"start": "00:14:39", "end": "00:14:43", "text": "collapsed. That's how you know you're"}, {"start": "00:14:40", "end": "00:14:43", "text": "already rich."}, {"start": "00:14:43", "end": "00:14:46", "text": "First of all, you can't put millions"}, {"start": "00:14:44", "end": "00:14:49", "text": "into something."}, {"start": "00:14:46", "end": "00:14:50", "text": "It goes down by a good 60, 70% and you"}, {"start": "00:14:49", "end": "00:14:50", "text": "go,"}, {"start": "00:14:50", "end": "00:14:51", "text": ">> [laughter]"}, {"start": "00:14:50", "end": "00:14:53", "text": ">> \"It's totally fine. I'm just going to"}, {"start": "00:14:51", "end": "00:14:55", "text": "buy"}, {"start": "00:14:53", "end": "00:14:56", "text": "I'm just going to buy more.\" For Durov,"}, {"start": "00:14:55", "end": "00:14:58", "text": "Bitcoin was never just another"}, {"start": "00:14:56", "end": "00:15:00", "text": "investment and said he saw it as a form"}, {"start": "00:14:58", "end": "00:15:02", "text": "of money, blah blah blah blah blah. He"}, {"start": "00:15:00", "end": "00:15:04", "text": "said, \"No and and this is Okay.\" He"}, {"start": "00:15:02", "end": "00:15:06", "text": "said, \"Nobody can confiscate your"}, {"start": "00:15:04", "end": "00:15:08", "text": "Bitcoin from you.\""}, {"start": "00:15:06", "end": "00:15:10", "text": "I don't know if he knows how the news"}, {"start": "00:15:08", "end": "00:15:12", "text": "has worked because"}, {"start": "00:15:10", "end": "00:15:16", "text": "the United States has 300,000 Bitcoin"}, {"start": "00:15:12", "end": "00:15:18", "text": "because they were literally confiscated"}, {"start": "00:15:16", "end": "00:15:20", "text": "from people."}, {"start": "00:15:18", "end": "00:15:22", "text": "Durov said one of Bitcoin's biggest"}, {"start": "00:15:20", "end": "00:15:24", "text": "strengths is that he used uses have full"}, {"start": "00:15:22", "end": "00:15:26", "text": "control over their wealth, ultimate"}, {"start": "00:15:24", "end": "00:15:28", "text": "means of exchange, nobody's printing"}, {"start": "00:15:26", "end": "00:15:32", "text": "Bitcoin, he's bullish on the future."}, {"start": "00:15:28", "end": "00:15:34", "text": "Yada yada so and so and so. Here we go."}, {"start": "00:15:32", "end": "00:15:35", "text": "Here's the Here's the"}, {"start": "00:15:34", "end": "00:15:36", "text": "Here's the thing that made everyone"}, {"start": "00:15:35", "end": "00:15:38", "text": "excited."}, {"start": "00:15:36", "end": "00:15:40", "text": "He said,"}, {"start": "00:15:38", "end": "00:15:44", "text": "\"I believe it will come to the point"}, {"start": "00:15:40", "end": "00:15:46", "text": "when Bitcoin is worth $1 million.\""}, {"start": "00:15:44", "end": "00:15:50", "text": "That's literally what made this news"}, {"start": "00:15:46", "end": "00:15:51", "text": "popular. You can disagree, but of course"}, {"start": "00:15:50", "end": "00:15:54", "text": "uh when you got rich people talking"}, {"start": "00:15:51", "end": "00:15:56", "text": "about rich things, it's going to make"}, {"start": "00:15:54", "end": "00:16:00", "text": "rich news. I don't know what they"}, {"start": "00:15:56", "end": "00:16:02", "text": "actually equal. Anyway, yeah."}, {"start": "00:16:00", "end": "00:16:06", "text": "There's I told you. There's like a a"}, {"start": "00:16:02", "end": "00:16:10", "text": "heavy resurgence. I'm going to assume"}, {"start": "00:16:06", "end": "00:16:11", "text": "in 3 days three I I I I I give it 3"}, {"start": "00:16:10", "end": "00:16:13", "text": "days. We're going to hear from Cathie"}, {"start": "00:16:11", "end": "00:16:14", "text": "Wood"}, {"start": "00:16:13", "end": "00:16:16", "text": "talking about how much she loves"}, {"start": "00:16:14", "end": "00:16:19", "text": "Bitcoin. Who haven't we heard from? Mike"}, {"start": "00:16:16", "end": "00:16:20", "text": "Novogratz was in the news recently."}, {"start": "00:16:19", "end": "00:16:22", "text": "Um"}, {"start": "00:16:20", "end": "00:16:23", "text": "Michael Jackson was also in the news."}, {"start": "00:16:22", "end": "00:16:24", "text": "Who's the Who's the other person? The"}, {"start": "00:16:23", "end": "00:16:27", "text": "person with the"}, {"start": "00:16:24", "end": "00:16:29", "text": "uh Michael Saylor was there and and"}, {"start": "00:16:27", "end": "00:16:31", "text": "someone else, but I feel like we're"}, {"start": "00:16:29", "end": "00:16:33", "text": "missing like two or three people to tell"}, {"start": "00:16:31", "end": "00:16:37", "text": "us that they're reconvinced that that"}, {"start": "00:16:33", "end": "00:16:41", "text": "Bitcoin is uh amazing. So, uh"}, {"start": "00:16:37", "end": "00:16:42", "text": "awesome. Rich people, once again, can"}, {"start": "00:16:41", "end": "00:16:46", "text": "you imagine Can you Can you imagine"}, {"start": "00:16:42", "end": "00:16:46", "text": "having thousands of Bitcoin?"}, {"start": "00:16:48", "end": "00:16:51", "text": "I don't know what I would do with"}, {"start": "00:16:48", "end": "00:16:53", "text": "myself. If you have a thousand Bitcoin,"}, {"start": "00:16:51", "end": "00:16:55", "text": "wouldn't you have like over $60 million?"}, {"start": "00:16:53", "end": "00:16:55", "text": "dollars?"}, {"start": "00:16:57", "end": "00:17:01", "text": "And he said thousands."}, {"start": "00:16:59", "end": "00:17:03", "text": "We're not even talking about like"}, {"start": "00:17:01", "end": "00:17:04", "text": "staking Bitcoin."}, {"start": "00:17:03", "end": "00:17:07", "text": "I mean, cuz like imagine when you can"}, {"start": "00:17:04", "end": "00:17:11", "text": "like literally just make money from your"}, {"start": "00:17:07", "end": "00:17:13", "text": "money. Anyway, wow, cool."}, {"start": "00:17:11", "end": "00:17:16", "text": "Um I feel so bad for him that his"}, {"start": "00:17:13", "end": "00:17:18", "text": "investment went down to $200 and then"}, {"start": "00:17:16", "end": "00:17:22", "text": "went up to"}, {"start": "00:17:18", "end": "00:17:23", "text": "30, 40, 50, 60, 80, 120,000 dollars as"}, {"start": "00:17:22", "end": "00:17:25", "text": "well. Life must be"}, {"start": "00:17:23", "end": "00:17:26", "text": "Life is rough for these rich people. You"}, {"start": "00:17:25", "end": "00:17:29", "text": "got to you got to hand it to them, you"}, {"start": "00:17:26", "end": "00:17:32", "text": "know, you can't"}, {"start": "00:17:29", "end": "00:17:34", "text": "can't always stay on top. I I I have no"}, {"start": "00:17:32", "end": "00:17:36", "text": "idea what I'm saying. That's the rich"}, {"start": "00:17:34", "end": "00:17:39", "text": "people news."}, {"start": "00:17:36", "end": "00:17:42", "text": "Okey-dokey."}, {"start": "00:17:39", "end": "00:17:43", "text": "Let's move on."}, {"start": "00:17:42", "end": "00:17:46", "text": "Also, in"}, {"start": "00:17:43", "end": "00:17:48", "text": "Oh, okay, then that's cool."}, {"start": "00:17:46", "end": "00:17:51", "text": "Um a lot of people are"}, {"start": "00:17:48", "end": "00:17:53", "text": "talking about how like"}, {"start": "00:17:51", "end": "00:17:55", "text": "they're cooler than everyone else"}, {"start": "00:17:53", "end": "00:17:58", "text": "because as as the rules and regulations"}, {"start": "00:17:55", "end": "00:18:00", "text": "began to uh pile up and we get more"}, {"start": "00:17:58", "end": "00:18:03", "text": "indications that"}, {"start": "00:18:00", "end": "00:18:06", "text": "uh people need paperwork to be able to"}, {"start": "00:18:03", "end": "00:18:09", "text": "do things, sometimes the paperwork is"}, {"start": "00:18:06", "end": "00:18:11", "text": "Okay, I'm going to shut up. Um Bitcoin"}, {"start": "00:18:09", "end": "00:18:13", "text": "Swiss"}, {"start": "00:18:11", "end": "00:18:16", "text": "has apparently received a Oh, I have to"}, {"start": "00:18:13", "end": "00:18:17", "text": "sneeze. Oh, please go away."}, {"start": "00:18:16", "end": "00:18:18", "text": "Oh."}, {"start": "00:18:17", "end": "00:18:19", "text": "Ah."}, {"start": "00:18:18", "end": "00:18:20", "text": "I'm sorry."}, {"start": "00:18:19", "end": "00:18:23", "text": "That was building for a while. I"}, {"start": "00:18:20", "end": "00:18:25", "text": "couldn't help it. Bitcoin Swiss has"}, {"start": "00:18:23", "end": "00:18:29", "text": "received a"}, {"start": "00:18:25", "end": "00:18:31", "text": "MiCAR CASP license"}, {"start": "00:18:29", "end": "00:18:32", "text": "from Liechtenstein's Financial Market"}, {"start": "00:18:31", "end": "00:18:39", "text": "Authority."}, {"start": "00:18:32", "end": "00:18:42", "text": "It is MiC MiC M I C A R C A S P license."}, {"start": "00:18:39", "end": "00:18:45", "text": "The approval gives the Swiss company"}, {"start": "00:18:42", "end": "00:18:48", "text": "a clearer route to serve selected EEA"}, {"start": "00:18:45", "end": "00:18:50", "text": "markets from its European entity."}, {"start": "00:18:48", "end": "00:18:54", "text": "The move shows how major crypto firms"}, {"start": "00:18:50", "end": "00:18:56", "text": "are using MiCAR. My car?"}, {"start": "00:18:54", "end": "00:18:59", "text": "To turn compliance into a European"}, {"start": "00:18:56", "end": "00:19:00", "text": "expansion strategy. Bitcoin Swiss is"}, {"start": "00:18:59", "end": "00:19:02", "text": "expanding"}, {"start": "00:19:00", "end": "00:19:05", "text": "its European footprint after securing a"}, {"start": "00:19:02", "end": "00:19:07", "text": "crypto asset service provider license"}, {"start": "00:19:05", "end": "00:19:09", "text": "under MiCAR from the Liechtenstein"}, {"start": "00:19:07", "end": "00:19:11", "text": "Financial Market Authority. The company"}, {"start": "00:19:09", "end": "00:19:12", "text": "announced the approval through Business"}, {"start": "00:19:11", "end": "00:19:14", "text": "Wire"}, {"start": "00:19:12", "end": "00:19:16", "text": "saying its European entity will use the"}, {"start": "00:19:14", "end": "00:19:18", "text": "license to serve selected markets across"}, {"start": "00:19:16", "end": "00:19:20", "text": "the European Economic Area for Bitcoin"}, {"start": "00:19:18", "end": "00:19:22", "text": "Swiss. The license matters because it"}, {"start": "00:19:20", "end": "00:19:24", "text": "gives the long-running Swiss crypto"}, {"start": "00:19:22", "end": "00:19:27", "text": "company financial services firm a"}, {"start": "00:19:24", "end": "00:19:28", "text": "clearer regulated base inside the EEA."}, {"start": "00:19:27", "end": "00:19:30", "text": "Switzerland remains central to the"}, {"start": "00:19:28", "end": "00:19:33", "text": "company's identity, but Liechtenstein"}, {"start": "00:19:30", "end": "00:19:37", "text": "gives it a Macar aligned It's probably"}, {"start": "00:19:33", "end": "00:19:40", "text": "Mac No, it looks like Macar. Macar?"}, {"start": "00:19:37", "end": "00:19:42", "text": "Macar? Aligned platform for European"}, {"start": "00:19:40", "end": "00:19:45", "text": "expansion."}, {"start": "00:19:42", "end": "00:19:48", "text": "I assume this news This is This is real."}, {"start": "00:19:45", "end": "00:19:49", "text": "Was spoken about"}, {"start": "00:19:48", "end": "00:19:51", "text": "If you didn't see it"}, {"start": "00:19:49", "end": "00:19:52", "text": "uh two or three weeks ago, I didn't"}, {"start": "00:19:51", "end": "00:19:54", "text": "bring it to you here unless you want"}, {"start": "00:19:52", "end": "00:19:57", "text": "more regulation news."}, {"start": "00:19:54", "end": "00:20:00", "text": "Uh apparently, Binance was announcing"}, {"start": "00:19:57", "end": "00:20:02", "text": "that they had worked with uh regulators"}, {"start": "00:20:00", "end": "00:20:02", "text": "and entities around the world"}, {"start": "00:20:02", "end": "00:20:04", "text": ">> [snorts]"}, {"start": "00:20:02", "end": "00:20:07", "text": ">> to bring their humble services to the"}, {"start": "00:20:04", "end": "00:20:10", "text": "masses. And then apparently, I think it"}, {"start": "00:20:07", "end": "00:20:13", "text": "was all of Europe, like legitimately."}, {"start": "00:20:10", "end": "00:20:15", "text": "Uh said that Binance didn't have the"}, {"start": "00:20:13", "end": "00:20:17", "text": "proper paperwork"}, {"start": "00:20:15", "end": "00:20:20", "text": "to do business within the European"}, {"start": "00:20:17", "end": "00:20:24", "text": "Union, which I found once again quite"}, {"start": "00:20:20", "end": "00:20:28", "text": "special. If you weren't here uh"}, {"start": "00:20:24", "end": "00:20:30", "text": "between 2018 and 2024"}, {"start": "00:20:28", "end": "00:20:32", "text": "I don't know why people think it's easy"}, {"start": "00:20:30", "end": "00:20:33", "text": "to lie or that we won't just be able to"}, {"start": "00:20:32", "end": "00:20:35", "text": "figure out what the fudge they're"}, {"start": "00:20:33", "end": "00:20:40", "text": "talking about. There was a really weird"}, {"start": "00:20:35", "end": "00:20:42", "text": "thing uh for the states, for Europe uh I"}, {"start": "00:20:40", "end": "00:20:44", "text": "I want to say Australia as well, uh"}, {"start": "00:20:42", "end": "00:20:46", "text": "parts of Africa as which which which it"}, {"start": "00:20:44", "end": "00:20:48", "text": "just made no damn sense. Uh they were"}, {"start": "00:20:46", "end": "00:20:52", "text": "announcing"}, {"start": "00:20:48", "end": "00:20:54", "text": "that Coinbase, Gemini, Kraken, and"}, {"start": "00:20:52", "end": "00:20:58", "text": "Binance did not have the proper"}, {"start": "00:20:54", "end": "00:21:00", "text": "paperwork to work in their countries."}, {"start": "00:20:58", "end": "00:21:01", "text": "Now, A"}, {"start": "00:21:00", "end": "00:21:04", "text": "Uh"}, {"start": "00:21:01", "end": "00:21:06", "text": "no, because what happens is when you're"}, {"start": "00:21:04", "end": "00:21:08", "text": "worth like several hundred million"}, {"start": "00:21:06", "end": "00:21:11", "text": "dollars as a company,"}, {"start": "00:21:08", "end": "00:21:13", "text": "you typically make sure you comply."}, {"start": "00:21:11", "end": "00:21:17", "text": "You would not"}, {"start": "00:21:13", "end": "00:21:19", "text": "as a company risk never being able to do"}, {"start": "00:21:17", "end": "00:21:21", "text": "business"}, {"start": "00:21:19", "end": "00:21:23", "text": "on a continent again by not having"}, {"start": "00:21:21", "end": "00:21:25", "text": "proper paperwork."}, {"start": "00:21:23", "end": "00:21:27", "text": "You might have seen like sometimes, you"}, {"start": "00:21:25", "end": "00:21:28", "text": "know, like mom-and-pop shops, like it's"}, {"start": "00:21:27", "end": "00:21:30", "text": "just like literally like two people"}, {"start": "00:21:28", "end": "00:21:32", "text": "working there. Maybe they hire like a"}, {"start": "00:21:30", "end": "00:21:35", "text": "third person in the summer."}, {"start": "00:21:32", "end": "00:21:37", "text": "The way that big companies work"}, {"start": "00:21:35", "end": "00:21:40", "text": "is you have a team of lawyers."}, {"start": "00:21:37", "end": "00:21:42", "text": "You don't have one, you have about 25."}, {"start": "00:21:40", "end": "00:21:44", "text": "They speak multiple languages. They they"}, {"start": "00:21:42", "end": "00:21:47", "text": "they're located around the world."}, {"start": "00:21:44", "end": "00:21:48", "text": "So, as as Binance, as Coinbase, or"}, {"start": "00:21:47", "end": "00:21:50", "text": "other,"}, {"start": "00:21:48", "end": "00:21:52", "text": "if you're trying to do work in in"}, {"start": "00:21:50", "end": "00:21:54", "text": "Canada, you typically go through"}, {"start": "00:21:52", "end": "00:21:56", "text": "regulatory like"}, {"start": "00:21:54", "end": "00:21:58", "text": "uh means to be able to say, \"Okay, we"}, {"start": "00:21:56", "end": "00:22:00", "text": "can actually launch this website.\" You"}, {"start": "00:21:58", "end": "00:22:03", "text": "have to buy the websites also domain in"}, {"start": "00:22:00", "end": "00:22:06", "text": "many cases, but you make sure, \"We're"}, {"start": "00:22:03", "end": "00:22:08", "text": "expecting around 1.1 million people per"}, {"start": "00:22:06", "end": "00:22:12", "text": "month to use our platform.\""}, {"start": "00:22:08", "end": "00:22:14", "text": "You wouldn't risk 1.1 million people"}, {"start": "00:22:12", "end": "00:22:15", "text": "using your platform without any"}, {"start": "00:22:14", "end": "00:22:17", "text": "paperwork"}, {"start": "00:22:15", "end": "00:22:20", "text": "because that's like mega illegal. You"}, {"start": "00:22:17", "end": "00:22:22", "text": "wouldn't have like a normal $20 million"}, {"start": "00:22:20", "end": "00:22:24", "text": "fine, you'd have several billion dollars"}, {"start": "00:22:22", "end": "00:22:26", "text": "in fines. So, you make sure that you"}, {"start": "00:22:24", "end": "00:22:28", "text": "actually have the paperwork. So, years"}, {"start": "00:22:26", "end": "00:22:30", "text": "ago, all these countries were trying to"}, {"start": "00:22:28", "end": "00:22:33", "text": "get us to believe"}, {"start": "00:22:30", "end": "00:22:36", "text": "and and I knew that there was a problem"}, {"start": "00:22:33", "end": "00:22:38", "text": "when Coinbase got in trouble."}, {"start": "00:22:36", "end": "00:22:42", "text": "Coinbase is, and I say this in the most"}, {"start": "00:22:38", "end": "00:22:45", "text": "loving way possible, Coinbase is like"}, {"start": "00:22:42", "end": "00:22:46", "text": "the the boot kisser, ring kisser, kiss"}, {"start": "00:22:45", "end": "00:22:49", "text": "you on the cheek four times kind of"}, {"start": "00:22:46", "end": "00:22:51", "text": "company. Coinbase make sure that they"}, {"start": "00:22:49", "end": "00:22:54", "text": "are nice to everyone. I I mean, like"}, {"start": "00:22:51", "end": "00:22:56", "text": "they're almost like Ripple. Like, are we"}, {"start": "00:22:54", "end": "00:22:59", "text": "compliant? No, we're mega compliant. We"}, {"start": "00:22:56", "end": "00:23:01", "text": "have paperwork we didn't even need."}, {"start": "00:22:59", "end": "00:23:04", "text": "We got extra licenses for stuff they"}, {"start": "00:23:01", "end": "00:23:05", "text": "didn't even ask us for just in case."}, {"start": "00:23:04", "end": "00:23:07", "text": "So, when all these companies got in"}, {"start": "00:23:05", "end": "00:23:09", "text": "trouble a couple of years ago, I said,"}, {"start": "00:23:07", "end": "00:23:10", "text": "\"Oh, this is coordinated. This is This"}, {"start": "00:23:09", "end": "00:23:12", "text": "is something very rotten.\" Because, you"}, {"start": "00:23:10", "end": "00:23:15", "text": "know, that's not how big money You if"}, {"start": "00:23:12", "end": "00:23:17", "text": "you if you break if you like break break"}, {"start": "00:23:15", "end": "00:23:18", "text": "the law,"}, {"start": "00:23:17", "end": "00:23:20", "text": "they can make it so that you can't do"}, {"start": "00:23:18", "end": "00:23:22", "text": "business in that country or that"}, {"start": "00:23:20", "end": "00:23:27", "text": "continent for the next like 10 to 15"}, {"start": "00:23:22", "end": "00:23:29", "text": "years plus. You wouldn't risk it."}, {"start": "00:23:27", "end": "00:23:31", "text": "So, there was something recently with"}, {"start": "00:23:29", "end": "00:23:33", "text": "Binance being in the news that"}, {"start": "00:23:31", "end": "00:23:35", "text": "apparently through all of Europe they"}, {"start": "00:23:33", "end": "00:23:37", "text": "didn't have the proper paperwork, and I"}, {"start": "00:23:35", "end": "00:23:39", "text": "was like,"}, {"start": "00:23:37", "end": "00:23:40", "text": "\"That is the biggest lie I've ever"}, {"start": "00:23:39", "end": "00:23:42", "text": "heard.\" Binance is the largest crypto"}, {"start": "00:23:40", "end": "00:23:44", "text": "exchange on the planet."}, {"start": "00:23:42", "end": "00:23:48", "text": "You think that they've just been"}, {"start": "00:23:44", "end": "00:23:49", "text": "operating throughout all of Europe"}, {"start": "00:23:48", "end": "00:23:51", "text": "at the exact same time without"}, {"start": "00:23:49", "end": "00:23:53", "text": "paperwork?"}, {"start": "00:23:51", "end": "00:23:56", "text": "Okay. So,"}, {"start": "00:23:53", "end": "00:23:58", "text": "a couple of companies have more or less"}, {"start": "00:23:56", "end": "00:23:59", "text": "been kind of flaunting This isn't a"}, {"start": "00:23:58", "end": "00:24:01", "text": "joke. They're kind of flaunting their"}, {"start": "00:23:59", "end": "00:24:03", "text": "paperwork. Oh, you didn't You didn't get"}, {"start": "00:24:01", "end": "00:24:05", "text": "your Oh, yeah, well, we got We got"}, {"start": "00:24:03", "end": "00:24:06", "text": "approved by this, you know, we we can"}, {"start": "00:24:05", "end": "00:24:09", "text": "now do business throughout Europe, and"}, {"start": "00:24:06", "end": "00:24:11", "text": "it's like, \"Uh-huh.\" I still No, it it"}, {"start": "00:24:09", "end": "00:24:15", "text": "It's not a conspiracy, but there's"}, {"start": "00:24:11", "end": "00:24:19", "text": "definitely something against uh Binance"}, {"start": "00:24:15", "end": "00:24:20", "text": "and Tether that like runs kind of deep."}, {"start": "00:24:19", "end": "00:24:22", "text": "Because companies and countries are"}, {"start": "00:24:20", "end": "00:24:24", "text": "trying to make their own stable coins."}, {"start": "00:24:22", "end": "00:24:27", "text": "They don't want Binance in in the"}, {"start": "00:24:24", "end": "00:24:29", "text": "picture. And this idea of"}, {"start": "00:24:27", "end": "00:24:31", "text": "Goldman Sachs, the New York Stock"}, {"start": "00:24:29", "end": "00:24:33", "text": "Exchange,"}, {"start": "00:24:31", "end": "00:24:35", "text": "uh Morgan Stanley, and everyone else"}, {"start": "00:24:33", "end": "00:24:37", "text": "trying to make their own crypto"}, {"start": "00:24:35", "end": "00:24:38", "text": "exchange, they're not going to do that"}, {"start": "00:24:37", "end": "00:24:40", "text": "well. And they know that they're not"}, {"start": "00:24:38", "end": "00:24:43", "text": "going to do that well"}, {"start": "00:24:40", "end": "00:24:45", "text": "because we already have Binance. Binance"}, {"start": "00:24:43", "end": "00:24:46", "text": "is the largest exchange on the planet."}, {"start": "00:24:45", "end": "00:24:49", "text": "We have Binance, we have Coinbase, we"}, {"start": "00:24:46", "end": "00:24:53", "text": "have Kraken."}, {"start": "00:24:49", "end": "00:24:55", "text": "We have Gemini. I said that nicely. And"}, {"start": "00:24:53", "end": "00:24:57", "text": "OKX and a bunch of other ones who've"}, {"start": "00:24:55", "end": "00:25:00", "text": "been popping up in the news. Why would I"}, {"start": "00:24:57", "end": "00:25:01", "text": "take all my crypto out and put it into"}, {"start": "00:25:00", "end": "00:25:03", "text": "Morgan Stanley? It just It just doesn't"}, {"start": "00:25:01", "end": "00:25:07", "text": "really Anyway,"}, {"start": "00:25:03", "end": "00:25:09", "text": "so cool. I love paperwork because you"}, {"start": "00:25:07", "end": "00:25:11", "text": "like you look at it and it has like text"}, {"start": "00:25:09", "end": "00:25:13", "text": "on it and you go, \"Oh my gosh, like I"}, {"start": "00:25:11", "end": "00:25:15", "text": "can legally do something now that I"}, {"start": "00:25:13", "end": "00:25:17", "text": "could have done 4 days before, but I"}, {"start": "00:25:15", "end": "00:25:19", "text": "would have gotten in trouble for because"}, {"start": "00:25:17", "end": "00:25:20", "text": "I don't have paperwork.\""}, {"start": "00:25:19", "end": "00:25:23", "text": "News."}, {"start": "00:25:20", "end": "00:25:23", "text": "Okay-dokey."}, {"start": "00:25:24", "end": "00:25:28", "text": "Let's move on."}, {"start": "00:25:26", "end": "00:25:31", "text": "So,"}, {"start": "00:25:28", "end": "00:25:32", "text": "I will be sitting here with baited"}, {"start": "00:25:31", "end": "00:25:35", "text": "breath"}, {"start": "00:25:32", "end": "00:25:37", "text": "uh because I am desperate to know the"}, {"start": "00:25:35", "end": "00:25:38", "text": "outcome of this."}, {"start": "00:25:37", "end": "00:25:42", "text": ">> [snorts]"}, {"start": "00:25:38", "end": "00:25:45", "text": ">> We, that's me and you, uh we were told"}, {"start": "00:25:42", "end": "00:25:47", "text": "early 2025."}, {"start": "00:25:45", "end": "00:25:50", "text": "If you have somehow forgotten, let me"}, {"start": "00:25:47", "end": "00:25:53", "text": "remind you, friend. We were told"}, {"start": "00:25:50", "end": "00:25:56", "text": "that cryptocurrencies"}, {"start": "00:25:53", "end": "00:25:57", "text": "created within the United States of"}, {"start": "00:25:56", "end": "00:25:59", "text": "America. I almost said the United States"}, {"start": "00:25:57", "end": "00:26:02", "text": "of Tara. That's an old TV show. The"}, {"start": "00:25:59", "end": "00:26:04", "text": "United States of America. Great show, by"}, {"start": "00:26:02", "end": "00:26:07", "text": "the way. US of Tara, look it up."}, {"start": "00:26:04", "end": "00:26:10", "text": "Um t a r a."}, {"start": "00:26:07", "end": "00:26:13", "text": "Uh we were told that cryptocurrencies"}, {"start": "00:26:10", "end": "00:26:14", "text": "made within the US"}, {"start": "00:26:13", "end": "00:26:17", "text": "would"}, {"start": "00:26:14", "end": "00:26:19", "text": "become tax exempt."}, {"start": "00:26:17", "end": "00:26:21", "text": "Unequivocally, you would not have to pay"}, {"start": "00:26:19", "end": "00:26:23", "text": "taxes on these"}, {"start": "00:26:21", "end": "00:26:26", "text": "uh coins."}, {"start": "00:26:23", "end": "00:26:29", "text": "Since then, the world's been kind of"}, {"start": "00:26:26", "end": "00:26:30", "text": "quiet"}, {"start": "00:26:29", "end": "00:26:33", "text": "across the board."}, {"start": "00:26:30", "end": "00:26:35", "text": "We've heard nothing about that. But"}, {"start": "00:26:33", "end": "00:26:39", "text": "apparently,"}, {"start": "00:26:35", "end": "00:26:41", "text": "as the US is still trying to get the the"}, {"start": "00:26:39", "end": "00:26:46", "text": "Clarity Act and all these other things"}, {"start": "00:26:41", "end": "00:26:49", "text": "through, the next big one that we are"}, {"start": "00:26:46", "end": "00:26:52", "text": "looking square in the face is a is a"}, {"start": "00:26:49", "end": "00:26:55", "text": "proper crypto tax bill that apparently"}, {"start": "00:26:52", "end": "00:26:57", "text": "the Senate is working on."}, {"start": "00:26:55", "end": "00:26:58", "text": "I will be looking at this with great"}, {"start": "00:26:57", "end": "00:26:59", "text": "interest"}, {"start": "00:26:58", "end": "00:27:01", "text": "because"}, {"start": "00:26:59", "end": "00:27:06", "text": "we were told that something was going to"}, {"start": "00:27:01", "end": "00:27:07", "text": "happen and it didn't happen. And"}, {"start": "00:27:06", "end": "00:27:10", "text": "j- okay."}, {"start": "00:27:07", "end": "00:27:12", "text": "The United States Senate"}, {"start": "00:27:10", "end": "00:27:15", "text": "is preparing to introduce a"}, {"start": "00:27:12", "end": "00:27:16", "text": "comprehensive cryptocurrency taxation"}, {"start": "00:27:15", "end": "00:27:21", "text": "bill"}, {"start": "00:27:16", "end": "00:27:23", "text": "as early as this autumn. Yeah."}, {"start": "00:27:21", "end": "00:27:26", "text": "Marking a significant step towards"}, {"start": "00:27:23", "end": "00:27:29", "text": "formalizing the regulatory framework"}, {"start": "00:27:26", "end": "00:27:32", "text": "for digital assets at the federal level."}, {"start": "00:27:29", "end": "00:27:34", "text": "Republican Senator Steve Daines of"}, {"start": "00:27:32", "end": "00:27:36", "text": "Montana"}, {"start": "00:27:34", "end": "00:27:38", "text": "confirmed to Bloomberg that the basic"}, {"start": "00:27:36", "end": "00:27:41", "text": "framework for the legislation has"}, {"start": "00:27:38", "end": "00:27:43", "text": "already been drafted."}, {"start": "00:27:41", "end": "00:27:46", "text": "Signaling that bipartisan discussions"}, {"start": "00:27:43", "end": "00:27:48", "text": "are underway."}, {"start": "00:27:46", "end": "00:27:51", "text": "The forthcoming legislation is expected"}, {"start": "00:27:48", "end": "00:27:54", "text": "to clarify tax reporting requirements"}, {"start": "00:27:51", "end": "00:27:56", "text": "for cryptocurrency transactions."}, {"start": "00:27:54", "end": "00:27:59", "text": "Including capital gains reporting,"}, {"start": "00:27:56", "end": "00:28:02", "text": "cost basis calculation, and the"}, {"start": "00:27:59", "end": "00:28:05", "text": "treatment of digital asset income."}, {"start": "00:28:02", "end": "00:28:08", "text": "Lawmakers have been under increasing"}, {"start": "00:28:05", "end": "00:28:10", "text": "pressure to provide clear guidelines as"}, {"start": "00:28:08", "end": "00:28:12", "text": "the Internal Revenue Service, hate them,"}, {"start": "00:28:10", "end": "00:28:15", "text": "has intensified enforcement actions"}, {"start": "00:28:12", "end": "00:28:17", "text": "against unreported crypto gains."}, {"start": "00:28:15", "end": "00:28:19", "text": "The bill could also address the taxation"}, {"start": "00:28:17", "end": "00:28:23", "text": "of staking rewards,"}, {"start": "00:28:19", "end": "00:28:26", "text": "air drops, and decentralized finance"}, {"start": "00:28:23", "end": "00:28:29", "text": "activities, which currently operate in a"}, {"start": "00:28:26", "end": "00:28:30", "text": "gray area of tax law. You know what"}, {"start": "00:28:29", "end": "00:28:32", "text": "would have been great?"}, {"start": "00:28:30", "end": "00:28:33", "text": ">> [cough and clears throat]"}, {"start": "00:28:32", "end": "00:28:35", "text": ">> To get all these rules and regulations"}, {"start": "00:28:33", "end": "00:28:42", "text": "back in like 2017,"}, {"start": "00:28:35", "end": "00:28:44", "text": "2018, 2019, 2020, 2021, 2022. I guess I"}, {"start": "00:28:42", "end": "00:28:46", "text": "guess it's better now, you know, better"}, {"start": "00:28:44", "end": "00:28:48", "text": "late than never."}, {"start": "00:28:46", "end": "00:28:49", "text": "But it always feels like"}, {"start": "00:28:48", "end": "00:28:51", "text": ">> [sighs and gasps]"}, {"start": "00:28:49", "end": "00:28:53", "text": ">> everything feels like we're going like"}, {"start": "00:28:51", "end": "00:28:56", "text": "forwards backwards."}, {"start": "00:28:53", "end": "00:28:57", "text": "It feels like I won't even get into the"}, {"start": "00:28:56", "end": "00:28:59", "text": "whole iPhone discussion. I was"}, {"start": "00:28:57", "end": "00:29:01", "text": "discussing with someone before. This was"}, {"start": "00:28:59", "end": "00:29:02", "text": "very recently."}, {"start": "00:29:01", "end": "00:29:04", "text": ">> [clears throat]"}, {"start": "00:29:02", "end": "00:29:06", "text": ">> Doesn't it feel like phones should be"}, {"start": "00:29:04", "end": "00:29:09", "text": "like transparent"}, {"start": "00:29:06", "end": "00:29:11", "text": "or like floating at this point?"}, {"start": "00:29:09", "end": "00:29:13", "text": "Doesn't it seem like 2026 should have"}, {"start": "00:29:11", "end": "00:29:14", "text": "like more advanced technology as opposed"}, {"start": "00:29:13", "end": "00:29:16", "text": "to like"}, {"start": "00:29:14", "end": "00:29:18", "text": "like what we have now? We keep hearing"}, {"start": "00:29:16", "end": "00:29:21", "text": "like there's another megapixel in that"}, {"start": "00:29:18", "end": "00:29:25", "text": "camera or the screen is made of like"}, {"start": "00:29:21", "end": "00:29:26", "text": "mega glass and like super metal,"}, {"start": "00:29:25", "end": "00:29:28", "text": "but it always feels like we're kind of"}, {"start": "00:29:26", "end": "00:29:32", "text": "like"}, {"start": "00:29:28", "end": "00:29:36", "text": "slow compared to what we should actually"}, {"start": "00:29:32", "end": "00:29:38", "text": "have in the year of uh 2026. So,"}, {"start": "00:29:36", "end": "00:29:40", "text": "I'm"}, {"start": "00:29:38", "end": "00:29:42", "text": "fascinated"}, {"start": "00:29:40", "end": "00:29:45", "text": "to see"}, {"start": "00:29:42", "end": "00:29:47", "text": "what this is going to look like"}, {"start": "00:29:45", "end": "00:29:49", "text": "because we were told very specific"}, {"start": "00:29:47", "end": "00:29:52", "text": "things"}, {"start": "00:29:49", "end": "00:29:54", "text": "and I will tell you I do not think"}, {"start": "00:29:52", "end": "00:29:56", "text": "they're going to happen."}, {"start": "00:29:54", "end": "00:29:59", "text": "I do not think any crypto is ever going"}, {"start": "00:29:56", "end": "00:30:01", "text": "to be uh zero taxes,"}, {"start": "00:29:59", "end": "00:30:04", "text": "especially not within the United States,"}, {"start": "00:30:01", "end": "00:30:07", "text": "which I find perplexing because there"}, {"start": "00:30:04", "end": "00:30:09", "text": "are countries that do have a 0% tax"}, {"start": "00:30:07", "end": "00:30:11", "text": "rate."}, {"start": "00:30:09", "end": "00:30:12", "text": "I made a video on it a while ago."}, {"start": "00:30:11", "end": "00:30:15", "text": "They're like six countries that have"}, {"start": "00:30:12", "end": "00:30:17", "text": "literal 0% taxes on your uh crypto"}, {"start": "00:30:15", "end": "00:30:19", "text": "gains. Zero."}, {"start": "00:30:17", "end": "00:30:21", "text": "Um"}, {"start": "00:30:19", "end": "00:30:25", "text": "I feel like they're going to give"}, {"start": "00:30:21", "end": "00:30:26", "text": "numbers that are going to be um"}, {"start": "00:30:25", "end": "00:30:28", "text": "unfavorable"}, {"start": "00:30:26", "end": "00:30:32", "text": "to many crypto investors who are not"}, {"start": "00:30:28", "end": "00:30:34", "text": "going to like them, but um yes, I saw"}, {"start": "00:30:32", "end": "00:30:36", "text": "this pop up and I was like"}, {"start": "00:30:34", "end": "00:30:39", "text": "uh-huh."}, {"start": "00:30:36", "end": "00:30:41", "text": "Well, that's going to um"}, {"start": "00:30:39", "end": "00:30:44", "text": "it's going to be something. For"}, {"start": "00:30:41", "end": "00:30:46", "text": "cryptocurrency holders and businesses,"}, {"start": "00:30:44", "end": "00:30:48", "text": "the bill could bring much-needed"}, {"start": "00:30:46", "end": "00:30:50", "text": "certainty to a landscape that has been"}, {"start": "00:30:48", "end": "00:30:51", "text": "shaped by inconsistent guidance from the"}, {"start": "00:30:50", "end": "00:30:53", "text": "IRS"}, {"start": "00:30:51", "end": "00:30:55", "text": "and the Securities and Exchange"}, {"start": "00:30:53", "end": "00:30:58", "text": "Commission for just about a good 15 or"}, {"start": "00:30:55", "end": "00:30:59", "text": "so years. I wonder if they're also have"}, {"start": "00:30:58", "end": "00:31:01", "text": "something when it comes to like"}, {"start": "00:30:59", "end": "00:31:03", "text": "payments."}, {"start": "00:31:01", "end": "00:31:05", "text": "In the United States, if you use crypto"}, {"start": "00:31:03", "end": "00:31:09", "text": "to buy something, you're supposed to"}, {"start": "00:31:05", "end": "00:31:10", "text": "also get taxed on that as well."}, {"start": "00:31:09", "end": "00:31:13", "text": "See, how like I was saying, like it"}, {"start": "00:31:10", "end": "00:31:14", "text": "feels like we're not in 2026? Like this"}, {"start": "00:31:13", "end": "00:31:19", "text": "feels like a conversation that you would"}, {"start": "00:31:14", "end": "00:31:21", "text": "have in like 2007, maybe 2011, Bitcoin's"}, {"start": "00:31:19", "end": "00:31:22", "text": "been around for a year and a half. Okay,"}, {"start": "00:31:21", "end": "00:31:23", "text": "you know, what happens when it moves"}, {"start": "00:31:22", "end": "00:31:24", "text": "around or like if you use it for"}, {"start": "00:31:23", "end": "00:31:28", "text": "something?"}, {"start": "00:31:24", "end": "00:31:30", "text": "It's just always uh kind of weird."}, {"start": "00:31:28", "end": "00:31:32", "text": "Clear tax rules"}, {"start": "00:31:30", "end": "00:31:34", "text": "would reduce the risk of inadvertent"}, {"start": "00:31:32", "end": "00:31:36", "text": "non-compliance and encourage greater"}, {"start": "00:31:34", "end": "00:31:38", "text": "institutional participation in digital"}, {"start": "00:31:36", "end": "00:31:41", "text": "asset markets."}, {"start": "00:31:38", "end": "00:31:43", "text": "I have a feeling it's going to be"}, {"start": "00:31:41", "end": "00:31:46", "text": "uh one of the most confusing and"}, {"start": "00:31:43", "end": "00:31:47", "text": "annoying things in the entire world, but"}, {"start": "00:31:46", "end": "00:31:49", "text": ">> [cough and clears throat]"}, {"start": "00:31:47", "end": "00:31:50", "text": ">> I would love,"}, {"start": "00:31:49", "end": "00:31:54", "text": "as we heard before, if you weren't here"}, {"start": "00:31:50", "end": "00:31:56", "text": "in early early 2025,"}, {"start": "00:31:54", "end": "00:31:58", "text": "uh there was like a list."}, {"start": "00:31:56", "end": "00:32:00", "text": "There was a list of cryptocurrencies"}, {"start": "00:31:58", "end": "00:32:03", "text": "that were released uh that are from the"}, {"start": "00:32:00", "end": "00:32:06", "text": "United States. And this is why there was"}, {"start": "00:32:03", "end": "00:32:11", "text": "a huge amount of energy around uh"}, {"start": "00:32:06", "end": "00:32:13", "text": "Bitcoin, Ethereum, XRP, Cardano. I don't"}, {"start": "00:32:11", "end": "00:32:14", "text": "know if Solana was I think Solana was"}, {"start": "00:32:13", "end": "00:32:17", "text": "made in the States, but it could have"}, {"start": "00:32:14", "end": "00:32:21", "text": "been made somewhere in Asia. And two"}, {"start": "00:32:17", "end": "00:32:21", "text": "other coins, like it was Hedera."}, {"start": "00:32:21", "end": "00:32:24", "text": "What was the other one? I don't"}, {"start": "00:32:21", "end": "00:32:26", "text": "remember. They were like"}, {"start": "00:32:24", "end": "00:32:29", "text": "they were on the list as like these"}, {"start": "00:32:26", "end": "00:32:30", "text": "coins were made in the United States."}, {"start": "00:32:29", "end": "00:32:32", "text": "And then we heard from someone who was"}, {"start": "00:32:30", "end": "00:32:33", "text": "like, \"Hey, crypto's going to be"}, {"start": "00:32:32", "end": "00:32:35", "text": "tax-free. If it was made in the US, it's"}, {"start": "00:32:33", "end": "00:32:38", "text": "going to be tax-free.\""}, {"start": "00:32:35", "end": "00:32:40", "text": "We haven't heard a drop."}, {"start": "00:32:38", "end": "00:32:42", "text": "Not one single drop about that news in"}, {"start": "00:32:40", "end": "00:32:46", "text": "about 2 years, so"}, {"start": "00:32:42", "end": "00:32:48", "text": "let's see what happens. I remain"}, {"start": "00:32:46", "end": "00:32:50", "text": "optimistic about many things, but not"}, {"start": "00:32:48", "end": "00:32:52", "text": "this. I have a feeling it's going to be"}, {"start": "00:32:50", "end": "00:32:55", "text": "terrible. If you've never done US taxes,"}, {"start": "00:32:52", "end": "00:32:56", "text": "if you never filed your own taxes,"}, {"start": "00:32:55", "end": "00:32:57", "text": "it is"}, {"start": "00:32:56", "end": "00:32:59", "text": "um"}, {"start": "00:32:57", "end": "00:33:02", "text": "it's a journey and a half. Like the"}, {"start": "00:32:59", "end": "00:33:03", "text": "paperwork looks like aliens wrote it."}, {"start": "00:33:02", "end": "00:33:09", "text": "Well,"}, {"start": "00:33:03", "end": "00:33:11", "text": "I do hope that you've all enjoyed."}, {"start": "00:33:09", "end": "00:33:14", "text": "I do hope that you all are having a"}, {"start": "00:33:11", "end": "00:33:16", "text": "great day, a great morning, afternoon,"}, {"start": "00:33:14", "end": "00:33:18", "text": "evening, wherever you are, wherever you"}, {"start": "00:33:16", "end": "00:33:21", "text": "might be. I do hope that it is"}, {"start": "00:33:18", "end": "00:33:23", "text": "absolutely fantastic. Thank you all once"}, {"start": "00:33:21", "end": "00:33:26", "text": "again for watching, listening, liking,"}, {"start": "00:33:23", "end": "00:33:28", "text": "commenting, and supporting, and I will"}, {"start": "00:33:26", "end": "00:33:31", "text": "most certainly be talking"}, {"start": "00:33:28", "end": "00:33:34", "text": "to you all soon."}, {"start": "00:33:31", "end": "00:33:34", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody."}, {"start": "00:00:03", "end": "00:00:11", "text": "Welcome back for another video. Hope"}, {"start": "00:00:08", "end": "00:00:14", "text": "you're all doing well. Hope everyone out"}, {"start": "00:00:11", "end": "00:00:18", "text": "there is doing absolutely fantastic and"}, {"start": "00:00:14", "end": "00:00:19", "text": "that you're all having a uh wonderful"}, {"start": "00:00:18", "end": "00:00:22", "text": "day."}, {"start": "00:00:19", "end": "00:00:26", "text": "Don't forget to leave a like on the"}, {"start": "00:00:22", "end": "00:00:30", "text": "video. It helps out the channel a lot."}, {"start": "00:00:26", "end": "00:00:35", "text": "Without any further ado, yeah, let's"}, {"start": "00:00:30", "end": "00:00:39", "text": "jump right into it. Um, the last few"}, {"start": "00:00:35", "end": "00:00:41", "text": "days we've kind of seen a"}, {"start": "00:00:39", "end": "00:00:43", "text": "I I wouldn't even say a bit of an"}, {"start": "00:00:41", "end": "00:00:45", "text": "uptick. There seems to be like a lot of"}, {"start": "00:00:43", "end": "00:00:48", "text": "discussions as to the future of"}, {"start": "00:00:45", "end": "00:00:51", "text": "cryptocurrency prices. We kind of got"}, {"start": "00:00:48", "end": "00:00:56", "text": "over a large amount of that revolving"}, {"start": "00:00:51", "end": "00:01:00", "text": "around the future of the Clarity Act."}, {"start": "00:00:56", "end": "00:01:03", "text": "as well as uh in in June the idea of"}, {"start": "00:01:00", "end": "00:01:06", "text": "what the Fed would do with interest"}, {"start": "00:01:03", "end": "00:01:09", "text": "rates which still has a bit of a hold on"}, {"start": "00:01:06", "end": "00:01:12", "text": "the world economy as it were but the"}, {"start": "00:01:09", "end": "00:01:14", "text": "expectations are at least right now that"}, {"start": "00:01:12", "end": "00:01:17", "text": "this won't last forever and I mean any"}, {"start": "00:01:14", "end": "00:01:20", "text": "kind of negativity that might be in"}, {"start": "00:01:17", "end": "00:01:22", "text": "traditional markets that could then flow"}, {"start": "00:01:20", "end": "00:01:24", "text": "in our direction."}, {"start": "00:01:22", "end": "00:01:27", "text": "There have been a number of analysts as"}, {"start": "00:01:24", "end": "00:01:29", "text": "well who have uh revealed lately where"}, {"start": "00:01:27", "end": "00:01:32", "text": "they think crypto like the next step"}, {"start": "00:01:29", "end": "00:01:34", "text": "kind of is. And we've kind of caught"}, {"start": "00:01:32", "end": "00:01:37", "text": "ourselves between"}, {"start": "00:01:34", "end": "00:01:40", "text": "not a rock in a hard place, but kind of"}, {"start": "00:01:37", "end": "00:01:42", "text": "just a literal"}, {"start": "00:01:40", "end": "00:01:44", "text": "conversation"}, {"start": "00:01:42", "end": "00:01:47", "text": "about what the next steps could possibly"}, {"start": "00:01:44", "end": "00:01:49", "text": "be. Usually they're quite optimistic"}, {"start": "00:01:47", "end": "00:01:52", "text": "andor positive in nature. None of them"}, {"start": "00:01:49", "end": "00:01:55", "text": "tend to be uh quite negative, but"}, {"start": "00:01:52", "end": "00:01:59", "text": "there's sens there's a a sense or an"}, {"start": "00:01:55", "end": "00:02:02", "text": "energy right now in the market of"}, {"start": "00:01:59", "end": "00:02:04", "text": "everyone kind of um it's not playing"}, {"start": "00:02:02", "end": "00:02:06", "text": "chicken. Everyone's trying to figure out"}, {"start": "00:02:04", "end": "00:02:09", "text": "exactly when would be a good time to get"}, {"start": "00:02:06", "end": "00:02:11", "text": "into the market,"}, {"start": "00:02:09", "end": "00:02:13", "text": "which always confuses me slightly just"}, {"start": "00:02:11", "end": "00:02:15", "text": "because"}, {"start": "00:02:13", "end": "00:02:18", "text": "I kind of assume that most people are"}, {"start": "00:02:15", "end": "00:02:19", "text": "just here to be here. So, if you're here"}, {"start": "00:02:18", "end": "00:02:22", "text": "to make money, then you're in the"}, {"start": "00:02:19", "end": "00:02:24", "text": "market. If you're here to make money"}, {"start": "00:02:22", "end": "00:02:26", "text": "down the line, you're in the market. It"}, {"start": "00:02:24", "end": "00:02:29", "text": "seems this this this this weird like"}, {"start": "00:02:26", "end": "00:02:33", "text": "wait and see kind of policy thing I"}, {"start": "00:02:29", "end": "00:02:36", "text": "always find a bit odd. Uh but alas, here"}, {"start": "00:02:33", "end": "00:02:37", "text": "we are. So, as we continue to get"}, {"start": "00:02:36", "end": "00:02:40", "text": "hearings from a lot of different"}, {"start": "00:02:37", "end": "00:02:42", "text": "companies and larger executives within"}, {"start": "00:02:40", "end": "00:02:45", "text": "the space, we're also beginning to hear"}, {"start": "00:02:42", "end": "00:02:48", "text": "from very prominent analysts who've been"}, {"start": "00:02:45", "end": "00:02:50", "text": "around for quite some time as to where"}, {"start": "00:02:48", "end": "00:02:52", "text": "they think the market's going to go."}, {"start": "00:02:50", "end": "00:02:55", "text": "None of them have said anything"}, {"start": "00:02:52", "end": "00:02:57", "text": "negative, per se. Some of them, if you"}, {"start": "00:02:55", "end": "00:03:01", "text": "haven't kept track,"}, {"start": "00:02:57", "end": "00:03:03", "text": "they think that uh $58,000 was the"}, {"start": "00:03:01", "end": "00:03:05", "text": "lowest that Bitcoin would go."}, {"start": "00:03:03", "end": "00:03:07", "text": "There are now some people who are saying"}, {"start": "00:03:05", "end": "00:03:10", "text": "that they believe we could potentially"}, {"start": "00:03:07", "end": "00:03:13", "text": "fall back down to 50,000, but these all"}, {"start": "00:03:10", "end": "00:03:16", "text": "seem to be relatively good entry points"}, {"start": "00:03:13", "end": "00:03:18", "text": "for anyone who's looking to actually uh"}, {"start": "00:03:16", "end": "00:03:21", "text": "make money. And I say that from the, you"}, {"start": "00:03:18", "end": "00:03:24", "text": "know, the actual idea of that's what the"}, {"start": "00:03:21", "end": "00:03:26", "text": "point of this market is. I've I've never"}, {"start": "00:03:24", "end": "00:03:28", "text": "understood. Have you ever seen a"}, {"start": "00:03:26", "end": "00:03:31", "text": "documentary for people who do like day"}, {"start": "00:03:28", "end": "00:03:35", "text": "trading, either crypto or stocks? It's"}, {"start": "00:03:31", "end": "00:03:37", "text": "it's a really weird fever dream kind of"}, {"start": "00:03:35", "end": "00:03:39", "text": "thing that ends up taking place because"}, {"start": "00:03:37", "end": "00:03:41", "text": "so many people get into the idea of day"}, {"start": "00:03:39", "end": "00:03:44", "text": "trading and then when they try to do it"}, {"start": "00:03:41", "end": "00:03:45", "text": "they end up failing."}, {"start": "00:03:44", "end": "00:03:46", "text": "The reason why a lot of them end up"}, {"start": "00:03:45", "end": "00:03:49", "text": "failing is because they're looking at"}, {"start": "00:03:46", "end": "00:03:51", "text": "the entirely wrong signals. Everyone's"}, {"start": "00:03:49", "end": "00:03:54", "text": "looking for the candle that goes up by"}, {"start": "00:03:51", "end": "00:03:56", "text": "5%. As opposed to the movements of"}, {"start": "00:03:54", "end": "00:03:57", "text": "0.25%."}, {"start": "00:03:56", "end": "00:03:59", "text": "So, if you have a 100,000 and you're"}, {"start": "00:03:57", "end": "00:04:02", "text": "trading with it, not financial advice,"}, {"start": "00:03:59", "end": "00:04:04", "text": "but hear me out here, instead of waiting"}, {"start": "00:04:02", "end": "00:04:06", "text": "for the movement of five or 6% up and"}, {"start": "00:04:04", "end": "00:04:08", "text": "five or 6% down to be able to buy and"}, {"start": "00:04:06", "end": "00:04:10", "text": "sell, you do it with smaller numbers"}, {"start": "00:04:08", "end": "00:04:12", "text": "over and over because those are the"}, {"start": "00:04:10", "end": "00:04:14", "text": "normal fluctuations that the market's"}, {"start": "00:04:12", "end": "00:04:16", "text": "actually going to have. So, a lot of"}, {"start": "00:04:14", "end": "00:04:20", "text": "people kind of like just wait for crypto"}, {"start": "00:04:16", "end": "00:04:22", "text": "to move down by 16% and then they want"}, {"start": "00:04:20", "end": "00:04:25", "text": "to enter into the market. crypto doesn't"}, {"start": "00:04:22", "end": "00:04:27", "text": "go down by 16%, it goes down by 4%,"}, {"start": "00:04:25", "end": "00:04:30", "text": "moves back up by seven, and then these"}, {"start": "00:04:27", "end": "00:04:32", "text": "people missed their opportunity to"}, {"start": "00:04:30", "end": "00:04:34", "text": "actually enter the market. The market"}, {"start": "00:04:32", "end": "00:04:35", "text": "ends up going higher. They get annoyed."}, {"start": "00:04:34", "end": "00:04:36", "text": "I see the comment section. People say"}, {"start": "00:04:35", "end": "00:04:39", "text": "they hope their prices go back down so"}, {"start": "00:04:36", "end": "00:04:42", "text": "that they can enter. And it's like,"}, {"start": "00:04:39", "end": "00:04:44", "text": "just enter. What do you like, what's"}, {"start": "00:04:42", "end": "00:04:47", "text": "this constant having to like time"}, {"start": "00:04:44", "end": "00:04:49", "text": "everything? You're so busy trying to uh"}, {"start": "00:04:47", "end": "00:04:51", "text": "grow wealth, get rich, make generational"}, {"start": "00:04:49", "end": "00:04:53", "text": "wealth, but you're also like just not"}, {"start": "00:04:51", "end": "00:04:55", "text": "acting."}, {"start": "00:04:53", "end": "00:04:57", "text": "You're sitting there just constantly"}, {"start": "00:04:55", "end": "00:04:59", "text": "waiting for some better time, a better"}, {"start": "00:04:57", "end": "00:05:01", "text": "position to get in. You want Dogecoin at"}, {"start": "00:04:59", "end": "00:05:03", "text": "1 cent. You don't want it at seven."}, {"start": "00:05:01", "end": "00:05:04", "text": "Dogecoin goes up to 15, where you're"}, {"start": "00:05:03", "end": "00:05:05", "text": "going to wait for it to go back down to"}, {"start": "00:05:04", "end": "00:05:08", "text": "five because that's what your friend"}, {"start": "00:05:05", "end": "00:05:11", "text": "told you. Bitcoin's at 70,000. Well, you"}, {"start": "00:05:08", "end": "00:05:14", "text": "want it to go back down to 52,000."}, {"start": "00:05:11", "end": "00:05:17", "text": "It's always this like I don't understand"}, {"start": "00:05:14", "end": "00:05:19", "text": "how people actually tend"}, {"start": "00:05:17", "end": "00:05:21", "text": "want to make money if there's if there's"}, {"start": "00:05:19", "end": "00:05:23", "text": "no actual movement. You want to buy real"}, {"start": "00:05:21", "end": "00:05:24", "text": "estate, you don't buy real estate."}, {"start": "00:05:23", "end": "00:05:25", "text": "You're waiting for prices to go down"}, {"start": "00:05:24", "end": "00:05:27", "text": "because you think this might actually"}, {"start": "00:05:25", "end": "00:05:28", "text": "happen. The point of buying the real"}, {"start": "00:05:27", "end": "00:05:30", "text": "estate is to hold on to it so that"}, {"start": "00:05:28", "end": "00:05:35", "text": "eventually in over the years it goes up"}, {"start": "00:05:30", "end": "00:05:39", "text": "in price. You raise the rent money."}, {"start": "00:05:35", "end": "00:05:41", "text": "Anyway, um a very prominent investor is"}, {"start": "00:05:39", "end": "00:05:44", "text": "in the news today and this was as you"}, {"start": "00:05:41", "end": "00:05:48", "text": "might have imagined uh quite popular."}, {"start": "00:05:44", "end": "00:05:52", "text": "His name is Jordi Visser, an experienced"}, {"start": "00:05:48", "end": "00:05:55", "text": "macro investor with over 30 years of"}, {"start": "00:05:52", "end": "00:05:57", "text": "experience and author of Visser Labs"}, {"start": "00:05:55", "end": "00:05:58", "text": "Substack."}, {"start": "00:05:57", "end": "00:06:01", "text": "Made I wouldn't call them"}, {"start": "00:05:58", "end": "00:06:03", "text": "groundbreaking, but okay. Made"}, {"start": "00:06:01", "end": "00:06:05", "text": "statements about developments in the"}, {"start": "00:06:03", "end": "00:06:08", "text": "artificial intelligence sector, the"}, {"start": "00:06:05", "end": "00:06:11", "text": "Fed's monetary policies, and the future"}, {"start": "00:06:08", "end": "00:06:13", "text": "of the cryptocurrency market. In his"}, {"start": "00:06:11", "end": "00:06:16", "text": "latest broadcast,"}, {"start": "00:06:13", "end": "00:06:20", "text": "Visser argued that investors were"}, {"start": "00:06:16", "end": "00:06:23", "text": "greatly mistaken about Bitcoin, stating,"}, {"start": "00:06:20", "end": "00:06:26", "text": "\"Everyone gave up on Bitcoin at exactly"}, {"start": "00:06:23", "end": "00:06:29", "text": "the wrong time.\" End quote. Visser"}, {"start": "00:06:26", "end": "00:06:31", "text": "stated that the recent stagnation and"}, {"start": "00:06:29", "end": "00:06:33", "text": "downtrend in the cryptocurrency market"}, {"start": "00:06:31", "end": "00:06:35", "text": "has led to a significant loss of"}, {"start": "00:06:33", "end": "00:06:38", "text": "confidence amongst investors,"}, {"start": "00:06:35", "end": "00:06:40", "text": "summarizing the current market situation"}, {"start": "00:06:38", "end": "00:06:42", "text": "as follows. He said, \"If you asked 100"}, {"start": "00:06:40", "end": "00:06:45", "text": "people who have never invested in"}, {"start": "00:06:42", "end": "00:06:47", "text": "Bitcoin, all 100 would say, I'm not"}, {"start": "00:06:45", "end": "00:06:49", "text": "interested.\" Of those who are in the"}, {"start": "00:06:47", "end": "00:06:52", "text": "market, at least 60 to 70% are"}, {"start": "00:06:49", "end": "00:06:54", "text": "questioning their investment. Losing"}, {"start": "00:06:52", "end": "00:06:57", "text": "hope is an understatement to describe"}, {"start": "00:06:54", "end": "00:06:59", "text": "the situation. However, on the technical"}, {"start": "00:06:57", "end": "00:07:02", "text": "side, we have finally starting to see"}, {"start": "00:06:59", "end": "00:07:04", "text": "positive divergences. This is I'm not"}, {"start": "00:07:02", "end": "00:07:06", "text": "going to rant because I'm I'm also"}, {"start": "00:07:04", "end": "00:07:08", "text": "exhausted with ranting as well. And I've"}, {"start": "00:07:06", "end": "00:07:10", "text": "realized that my rants do absolutely"}, {"start": "00:07:08", "end": "00:07:12", "text": "nothing to people who don't want to hear"}, {"start": "00:07:10", "end": "00:07:14", "text": "them. It's kind of like if someone needs"}, {"start": "00:07:12", "end": "00:07:16", "text": "help and they don't ask for help and you"}, {"start": "00:07:14", "end": "00:07:18", "text": "say that you will give them help and"}, {"start": "00:07:16", "end": "00:07:21", "text": "they don't want your help, then they're"}, {"start": "00:07:18", "end": "00:07:24", "text": "not going to get help."}, {"start": "00:07:21", "end": "00:07:25", "text": "So a lot of times it's not even that I"}, {"start": "00:07:24", "end": "00:07:27", "text": "think my rants will like inspire"}, {"start": "00:07:25", "end": "00:07:29", "text": "someone. Sometimes I just get really"}, {"start": "00:07:27", "end": "00:07:32", "text": "frustrated when trying to explain to"}, {"start": "00:07:29", "end": "00:07:34", "text": "people how to make money, how to hold on"}, {"start": "00:07:32", "end": "00:07:36", "text": "to money. I had this image of the"}, {"start": "00:07:34", "end": "00:07:40", "text": "cryptocurrency market years ago as this"}, {"start": "00:07:36", "end": "00:07:42", "text": "place where, and I'll say the word we,"}, {"start": "00:07:40", "end": "00:07:45", "text": "we could all come and actually make"}, {"start": "00:07:42", "end": "00:07:47", "text": "money together. It would be quite"}, {"start": "00:07:45", "end": "00:07:49", "text": "simple. Uh, you buy this asset, you hold"}, {"start": "00:07:47", "end": "00:07:51", "text": "on to it. This was before the idea of"}, {"start": "00:07:49", "end": "00:07:53", "text": "even being able to before you could"}, {"start": "00:07:51", "end": "00:07:55", "text": "stake Bitcoin, before you could stake"}, {"start": "00:07:53", "end": "00:07:58", "text": "Ether,"}, {"start": "00:07:55", "end": "00:08:00", "text": "before the Flare network for XRP even"}, {"start": "00:07:58", "end": "00:08:01", "text": "existed. There was this kind of idea in"}, {"start": "00:08:00", "end": "00:08:04", "text": "my head of like, okay, everyone move"}, {"start": "00:08:01", "end": "00:08:06", "text": "over to this brand new system. And then"}, {"start": "00:08:04", "end": "00:08:08", "text": "you realize that everyone doesn't really"}, {"start": "00:08:06", "end": "00:08:11", "text": "understand what the new system is. They"}, {"start": "00:08:08", "end": "00:08:14", "text": "also don't want to understand it. There"}, {"start": "00:08:11", "end": "00:08:15", "text": "are still tons of people despite all the"}, {"start": "00:08:14", "end": "00:08:17", "text": "scams and all the other nonsense that"}, {"start": "00:08:15", "end": "00:08:19", "text": "we've heard over the last few years."}, {"start": "00:08:17", "end": "00:08:21", "text": "There are tons of people who still are"}, {"start": "00:08:19", "end": "00:08:23", "text": "obsessed with meme coins. They think"}, {"start": "00:08:21", "end": "00:08:25", "text": "that meme coins are going to be the"}, {"start": "00:08:23", "end": "00:08:28", "text": "thing that makes them rich despite years"}, {"start": "00:08:25", "end": "00:08:30", "text": "of evidence behind it. There are still"}, {"start": "00:08:28", "end": "00:08:31", "text": "tons of people and I and I noticed years"}, {"start": "00:08:30", "end": "00:08:34", "text": "ago as well whenever I would mention it,"}, {"start": "00:08:31", "end": "00:08:37", "text": "there was always like a negative tone in"}, {"start": "00:08:34", "end": "00:08:38", "text": "the comment section there was a guy in"}, {"start": "00:08:37", "end": "00:08:42", "text": "Dubai. I don't know what his name was."}, {"start": "00:08:38", "end": "00:08:44", "text": "He there was like an expose done about"}, {"start": "00:08:42", "end": "00:08:46", "text": "him. This guy was in Dubai. I I I he was"}, {"start": "00:08:44", "end": "00:08:48", "text": "from the States."}, {"start": "00:08:46", "end": "00:08:50", "text": "He moved to Dubai. He made a lot of"}, {"start": "00:08:48", "end": "00:08:53", "text": "money in doing whatever the heck he was"}, {"start": "00:08:50", "end": "00:08:57", "text": "doing. And he used his first like"}, {"start": "00:08:53", "end": "00:09:00", "text": "gigantic winnings to buy um some sports"}, {"start": "00:08:57", "end": "00:09:02", "text": "car. But but the car I remember it was"}, {"start": "00:09:00", "end": "00:09:04", "text": "around $350,000."}, {"start": "00:09:02", "end": "00:09:07", "text": "And they were showing clips of him"}, {"start": "00:09:04", "end": "00:09:08", "text": "driving around in that car and he's"}, {"start": "00:09:07", "end": "00:09:10", "text": "picking up all these girls and he's, you"}, {"start": "00:09:08", "end": "00:09:13", "text": "know, great as time. Haha. He's having"}, {"start": "00:09:10", "end": "00:09:15", "text": "so much fun. I think 6 months later he"}, {"start": "00:09:13", "end": "00:09:18", "text": "was like nearly broke or like what we"}, {"start": "00:09:15", "end": "00:09:19", "text": "would call broke. Uh the investment that"}, {"start": "00:09:18", "end": "00:09:22", "text": "he put his money in had completely"}, {"start": "00:09:19", "end": "00:09:25", "text": "collapsed. The $350,000"}, {"start": "00:09:22", "end": "00:09:27", "text": "was from that investment but like it had"}, {"start": "00:09:25", "end": "00:09:30", "text": "dried up completely. So instead of like"}, {"start": "00:09:27", "end": "00:09:31", "text": "buying property in Dubai, buying a home,"}, {"start": "00:09:30", "end": "00:09:34", "text": "buying a house, buying a studio"}, {"start": "00:09:31", "end": "00:09:36", "text": "apartment, buying a shed, he bought a"}, {"start": "00:09:34", "end": "00:09:39", "text": "car. And then they were showing him in"}, {"start": "00:09:36", "end": "00:09:40", "text": "the actual uh video he was like crying."}, {"start": "00:09:39", "end": "00:09:42", "text": "He was like, \"I don't know. I don't know"}, {"start": "00:09:40", "end": "00:09:44", "text": "what's going on. I have no place to go."}, {"start": "00:09:42", "end": "00:09:46", "text": "I'm being kicked out of my apartment."}, {"start": "00:09:44", "end": "00:09:47", "text": "I'm I'm going to have to sleep in my"}, {"start": "00:09:46", "end": "00:09:50", "text": "car."}, {"start": "00:09:47", "end": "00:09:52", "text": "We've had tons of situations like this"}, {"start": "00:09:50", "end": "00:09:55", "text": "in crypto. And you can even if you're"}, {"start": "00:09:52", "end": "00:09:57", "text": "even if you're you're brand new to"}, {"start": "00:09:55", "end": "00:09:59", "text": "crypto, you've seen the stories, you've"}, {"start": "00:09:57", "end": "00:10:02", "text": "seen the videos, you've watched YouTube"}, {"start": "00:09:59", "end": "00:10:06", "text": "before, you know what's going on."}, {"start": "00:10:02", "end": "00:10:09", "text": "And there are still people"}, {"start": "00:10:06", "end": "00:10:12", "text": "when the crypto markets go up,"}, {"start": "00:10:09", "end": "00:10:15", "text": "they take money out and they don't buy a"}, {"start": "00:10:12", "end": "00:10:17", "text": "home, they don't buy land, they don't"}, {"start": "00:10:15", "end": "00:10:20", "text": "even switch into stocks to get"}, {"start": "00:10:17", "end": "00:10:22", "text": "dividends."}, {"start": "00:10:20", "end": "00:10:24", "text": "They go on vacations"}, {"start": "00:10:22", "end": "00:10:25", "text": "and they make YouTube videos about how"}, {"start": "00:10:24", "end": "00:10:29", "text": "much money they have and then that money"}, {"start": "00:10:25", "end": "00:10:31", "text": "dwindles. You know, most people, if you"}, {"start": "00:10:29", "end": "00:10:33", "text": "I told you this before, if you ever get"}, {"start": "00:10:31", "end": "00:10:36", "text": "a chance, try and have a conversation"}, {"start": "00:10:33", "end": "00:10:38", "text": "with some friends about money,"}, {"start": "00:10:36", "end": "00:10:40", "text": "ask them what they would do with a"}, {"start": "00:10:38", "end": "00:10:42", "text": "certain amount of money if they were"}, {"start": "00:10:40", "end": "00:10:44", "text": "handed it in that moment. So, a lot of"}, {"start": "00:10:42", "end": "00:10:47", "text": "you would probably say, \"Someone someone"}, {"start": "00:10:44", "end": "00:10:51", "text": "hands you $5 million. What do you do?\""}, {"start": "00:10:47", "end": "00:10:52", "text": "Most of you would say, \"I would buy a"}, {"start": "00:10:51", "end": "00:10:55", "text": "home."}, {"start": "00:10:52", "end": "00:10:58", "text": "I would buy a nice car. I would buy a so"}, {"start": "00:10:55", "end": "00:11:00", "text": "and so.\" Those are also all the wrong"}, {"start": "00:10:58", "end": "00:11:02", "text": "answers, but not all the wrong answers."}, {"start": "00:11:00", "end": "00:11:04", "text": "About 80% of them are completely"}, {"start": "00:11:02", "end": "00:11:06", "text": "incorrect. If you have $5 million, the"}, {"start": "00:11:04", "end": "00:11:08", "text": "first thing you do is, of course, you"}, {"start": "00:11:06", "end": "00:11:10", "text": "buy yourself a proper home so that you"}, {"start": "00:11:08", "end": "00:11:12", "text": "never have to pay a mortgage again. The"}, {"start": "00:11:10", "end": "00:11:15", "text": "rest of that $5 million at this point,"}, {"start": "00:11:12", "end": "00:11:18", "text": "you probably have 4.5 has to nearly"}, {"start": "00:11:15", "end": "00:11:20", "text": "entirely go into investments. You"}, {"start": "00:11:18", "end": "00:11:22", "text": "probably open up around two or three"}, {"start": "00:11:20", "end": "00:11:25", "text": "bank accounts. you have around over a"}, {"start": "00:11:22", "end": "00:11:28", "text": "100k in each of them as like a just in"}, {"start": "00:11:25", "end": "00:11:30", "text": "case fund, but you only take money from"}, {"start": "00:11:28", "end": "00:11:33", "text": "one account where the passive income is"}, {"start": "00:11:30", "end": "00:11:35", "text": "actually hitting. You don't go on an"}, {"start": "00:11:33", "end": "00:11:36", "text": "expensive vacation. You don't do all"}, {"start": "00:11:35", "end": "00:11:39", "text": "these things. You make sure that your"}, {"start": "00:11:36", "end": "00:11:41", "text": "financial situation is absolutely secure"}, {"start": "00:11:39", "end": "00:11:44", "text": "and then you go have the best time of"}, {"start": "00:11:41", "end": "00:11:46", "text": "your life. Most people, if you tell them"}, {"start": "00:11:44", "end": "00:11:49", "text": "you just received a million, you just"}, {"start": "00:11:46", "end": "00:11:51", "text": "got $5 million."}, {"start": "00:11:49", "end": "00:11:53", "text": "People are going to tell you, \"Well, I'm"}, {"start": "00:11:51", "end": "00:11:55", "text": "going to buy a house for myself, buy a"}, {"start": "00:11:53", "end": "00:11:56", "text": "house for my mama, have the rest of the"}, {"start": "00:11:55", "end": "00:11:57", "text": "money in the bank, and then I'm going to"}, {"start": "00:11:56", "end": "00:11:59", "text": "live my life.\" You try and tell them,"}, {"start": "00:11:57", "end": "00:12:01", "text": "\"No, you have to invest.\" They're going"}, {"start": "00:11:59", "end": "00:12:02", "text": "to look at you like you're crazy because"}, {"start": "00:12:01", "end": "00:12:04", "text": "they don't understand what investing"}, {"start": "00:12:02", "end": "00:12:06", "text": "actually means. A lot of people don't"}, {"start": "00:12:04", "end": "00:12:09", "text": "understand how wealth is created, how"}, {"start": "00:12:06", "end": "00:12:11", "text": "wealth is actually held. It's it's it's"}, {"start": "00:12:09", "end": "00:12:13", "text": "a mindset. It's not just you have the"}, {"start": "00:12:11", "end": "00:12:16", "text": "money. This is why all these people who"}, {"start": "00:12:13", "end": "00:12:17", "text": "from from the lotto or other things,"}, {"start": "00:12:16", "end": "00:12:19", "text": "they end up broke because they have no"}, {"start": "00:12:17", "end": "00:12:21", "text": "idea what they're actually doing. So,"}, {"start": "00:12:19", "end": "00:12:23", "text": "this is just another part of the cycle."}, {"start": "00:12:21", "end": "00:12:25", "text": "This is just another part of the the"}, {"start": "00:12:23", "end": "00:12:28", "text": "literal wealth transfer that we continue"}, {"start": "00:12:25", "end": "00:12:31", "text": "seeing all the time. The cryptocurrency"}, {"start": "00:12:28", "end": "00:12:33", "text": "market's not done for. Bitcoin more than"}, {"start": "00:12:31", "end": "00:12:35", "text": "likely is going to rebound. We're going"}, {"start": "00:12:33", "end": "00:12:38", "text": "to see higher prices. Stock markets are"}, {"start": "00:12:35", "end": "00:12:40", "text": "going to recover. Asset prices are going"}, {"start": "00:12:38", "end": "00:12:43", "text": "to go up. Bitcoin is going to go to"}, {"start": "00:12:40", "end": "00:12:45", "text": "$380,000 per coin and then people are"}, {"start": "00:12:43", "end": "00:12:48", "text": "going to sit there like they don't"}, {"start": "00:12:45", "end": "00:12:51", "text": "understand what the hell just happened."}, {"start": "00:12:48", "end": "00:12:54", "text": "It happens over and over. There's always"}, {"start": "00:12:51", "end": "00:12:57", "text": "this kind of everybody wants to be rich,"}, {"start": "00:12:54", "end": "00:13:02", "text": "but very few people actually do what you"}, {"start": "00:12:57", "end": "00:13:04", "text": "need to do to become rich."}, {"start": "00:13:02", "end": "00:13:07", "text": "It's it's it's uh it's a very"}, {"start": "00:13:04", "end": "00:13:09", "text": "fascinating thing. So anyway, this made"}, {"start": "00:13:07", "end": "00:13:11", "text": "popular news. this guy talking about the"}, {"start": "00:13:09", "end": "00:13:14", "text": "market and mainly the quote was everyone"}, {"start": "00:13:11", "end": "00:13:18", "text": "gave up on Bitcoin at exactly the wrong"}, {"start": "00:13:14", "end": "00:13:20", "text": "time. But it usually and this is this is"}, {"start": "00:13:18", "end": "00:13:22", "text": "the truth. It usually ends up marking a"}, {"start": "00:13:20", "end": "00:13:25", "text": "um"}, {"start": "00:13:22", "end": "00:13:29", "text": "like the market bottom usually when like"}, {"start": "00:13:25", "end": "00:13:31", "text": "the greatest hope or despair"}, {"start": "00:13:29", "end": "00:13:33", "text": "is in the market and people are at their"}, {"start": "00:13:31", "end": "00:13:34", "text": "like angriest"}, {"start": "00:13:33", "end": "00:13:37", "text": "or leave the market. This is when we"}, {"start": "00:13:34", "end": "00:13:39", "text": "always see the transfer of coins into"}, {"start": "00:13:37", "end": "00:13:41", "text": "the strong hands into the diamond hands"}, {"start": "00:13:39", "end": "00:13:46", "text": "into like the staying in the market. So"}, {"start": "00:13:41", "end": "00:13:48", "text": "I this isn't I I truly I truly do"}, {"start": "00:13:46", "end": "00:13:51", "text": "honestly applaud you if you are still in"}, {"start": "00:13:48", "end": "00:13:53", "text": "the market if you understand what needs"}, {"start": "00:13:51", "end": "00:13:56", "text": "to be done because so many other people"}, {"start": "00:13:53", "end": "00:13:59", "text": "don't whenever markets are doing"}, {"start": "00:13:56", "end": "00:14:01", "text": "extremely well."}, {"start": "00:13:59", "end": "00:14:05", "text": "I have tons of people who I know who ask"}, {"start": "00:14:01", "end": "00:14:07", "text": "me investing advice. H [laughter] how do"}, {"start": "00:14:05", "end": "00:14:09", "text": "I make money? I I saw someone on YouTube"}, {"start": "00:14:07", "end": "00:14:10", "text": "was talking about this. How do I get"}, {"start": "00:14:09", "end": "00:14:12", "text": "into the market? How do I make money?"}, {"start": "00:14:10", "end": "00:14:14", "text": "And I'm like, it's not that you're too"}, {"start": "00:14:12", "end": "00:14:15", "text": "late cuz you're actually early. You're"}, {"start": "00:14:14", "end": "00:14:17", "text": "like, you're not in your 60s yet. So,"}, {"start": "00:14:15", "end": "00:14:19", "text": "you have a great time to invest. But"}, {"start": "00:14:17", "end": "00:14:22", "text": "they want the big gains. You get the big"}, {"start": "00:14:19", "end": "00:14:24", "text": "gains by being in the market, buying up"}, {"start": "00:14:22", "end": "00:14:26", "text": "assets, staying in the market. Prices go"}, {"start": "00:14:24", "end": "00:14:29", "text": "up."}, {"start": "00:14:26", "end": "00:14:31", "text": "That's just how things are. So anyway,"}, {"start": "00:14:29", "end": "00:14:32", "text": "and then oh also side note and then the"}, {"start": "00:14:31", "end": "00:14:35", "text": "moment that the markets go back down,"}, {"start": "00:14:32", "end": "00:14:37", "text": "these people disappear."}, {"start": "00:14:35", "end": "00:14:40", "text": "It's very it's very depressing. People"}, {"start": "00:14:37", "end": "00:14:42", "text": "are so no one can just focus on like"}, {"start": "00:14:40", "end": "00:14:44", "text": "actually building up something. I told"}, {"start": "00:14:42", "end": "00:14:46", "text": "you all that before. If you have a"}, {"start": "00:14:44", "end": "00:14:48", "text": "business idea, start it now. Build it"}, {"start": "00:14:46", "end": "00:14:50", "text": "up. If you have an idea in your head"}, {"start": "00:14:48", "end": "00:14:53", "text": "because you want to make a YouTube"}, {"start": "00:14:50", "end": "00:14:56", "text": "channel, do it. Start it now. Build it"}, {"start": "00:14:53", "end": "00:14:57", "text": "up. It will become something. 95% of"}, {"start": "00:14:56", "end": "00:14:59", "text": "people start YouTube channels and they"}, {"start": "00:14:57", "end": "00:15:02", "text": "don't they don't do anything. They don't"}, {"start": "00:14:59", "end": "00:15:04", "text": "make videos. You know how many people"}, {"start": "00:15:02", "end": "00:15:07", "text": "I've known I mean I can tell you at"}, {"start": "00:15:04", "end": "00:15:09", "text": "least six people off the top of my head"}, {"start": "00:15:07", "end": "00:15:13", "text": "who created YouTube channels back in"}, {"start": "00:15:09", "end": "00:15:14", "text": "2018 2019 and I was explaining to them"}, {"start": "00:15:13", "end": "00:15:16", "text": "you know you have to be consistent you"}, {"start": "00:15:14", "end": "00:15:17", "text": "have to make videos. You have to do so"}, {"start": "00:15:16", "end": "00:15:18", "text": "and so you have to find a niche. You"}, {"start": "00:15:17", "end": "00:15:20", "text": "have to find something that you like and"}, {"start": "00:15:18", "end": "00:15:23", "text": "you blah blah blah blah so and so and"}, {"start": "00:15:20", "end": "00:15:26", "text": "so. One person I remember she made a"}, {"start": "00:15:23", "end": "00:15:29", "text": "video once I think it was like in March."}, {"start": "00:15:26", "end": "00:15:31", "text": "Her next video was in August"}, {"start": "00:15:29", "end": "00:15:32", "text": "and then she was annoyed that her"}, {"start": "00:15:31", "end": "00:15:35", "text": "channel hadn't taken off and I was like"}, {"start": "00:15:32", "end": "00:15:37", "text": "what what what are you talking about?"}, {"start": "00:15:35", "end": "00:15:39", "text": "But other people I have another friend"}, {"start": "00:15:37", "end": "00:15:41", "text": "who actually listened."}, {"start": "00:15:39", "end": "00:15:43", "text": "He made he made a channel that was, you"}, {"start": "00:15:41", "end": "00:15:46", "text": "know, his little thing that he liked and"}, {"start": "00:15:43", "end": "00:15:48", "text": "he uploaded consistently and now he has"}, {"start": "00:15:46", "end": "00:15:51", "text": "over a 100,000 subscribers and it's like"}, {"start": "00:15:48", "end": "00:15:53", "text": "what? That that's crazy. Putting in the"}, {"start": "00:15:51", "end": "00:15:58", "text": "work actually made sense. Who would have"}, {"start": "00:15:53", "end": "00:16:00", "text": "thunk it? Anyway, yeah, that's the um I"}, {"start": "00:15:58", "end": "00:16:03", "text": "guess everyone gave up on Bitcoin news."}, {"start": "00:16:00", "end": "00:16:07", "text": "I'm not really sure how to categorize"}, {"start": "00:16:03", "end": "00:16:08", "text": "that one. Uh, also tying into this as"}, {"start": "00:16:07", "end": "00:16:10", "text": "well, we've heard from a number of"}, {"start": "00:16:08", "end": "00:16:13", "text": "companies recently, if you haven't seen"}, {"start": "00:16:10", "end": "00:16:17", "text": "the videos, we've had Goldman Sachs,"}, {"start": "00:16:13", "end": "00:16:19", "text": "we've had JP Morgan, we've had um"}, {"start": "00:16:17", "end": "00:16:21", "text": "Grayscale, I can't remember all the"}, {"start": "00:16:19", "end": "00:16:24", "text": "names off the top of my head. You know,"}, {"start": "00:16:21", "end": "00:16:26", "text": "the names, those people uh have once"}, {"start": "00:16:24", "end": "00:16:28", "text": "again basically announced over the"}, {"start": "00:16:26", "end": "00:16:30", "text": "course of the last two weeks kind of"}, {"start": "00:16:28", "end": "00:16:33", "text": "like their idea once again of where the"}, {"start": "00:16:30", "end": "00:16:37", "text": "market's going to go. There was a lot of"}, {"start": "00:16:33", "end": "00:16:39", "text": "fear once again manufactured"}, {"start": "00:16:37", "end": "00:16:41", "text": "to kind of get people out of the market,"}, {"start": "00:16:39", "end": "00:16:45", "text": "but it was revolving around the ideas of"}, {"start": "00:16:41", "end": "00:16:49", "text": "like ETF outflows or there being less"}, {"start": "00:16:45", "end": "00:16:52", "text": "retail investors when in the same breath"}, {"start": "00:16:49", "end": "00:16:55", "text": "we can get news that this bank bought"}, {"start": "00:16:52", "end": "00:16:57", "text": "7,000 more Bitcoin. We had something"}, {"start": "00:16:55", "end": "00:16:59", "text": "recently. What was it?"}, {"start": "00:16:57", "end": "00:17:01", "text": "There was some other day where we were"}, {"start": "00:16:59", "end": "00:17:03", "text": "talking about outflows from ETFs because"}, {"start": "00:17:01", "end": "00:17:05", "text": "it made like scary news of the day. But"}, {"start": "00:17:03", "end": "00:17:08", "text": "then we had this company who bought up,"}, {"start": "00:17:05", "end": "00:17:10", "text": "you know, $37 million of Bitcoin. That"}, {"start": "00:17:08", "end": "00:17:13", "text": "other company who apparently did"}, {"start": "00:17:10", "end": "00:17:15", "text": "something last year, they bought $22"}, {"start": "00:17:13", "end": "00:17:17", "text": "million. Grant Cardone was in the news"}, {"start": "00:17:15", "end": "00:17:20", "text": "and he was like, \"Yep, still love"}, {"start": "00:17:17", "end": "00:17:22", "text": "Bitcoin. We're using our rental income"}, {"start": "00:17:20", "end": "00:17:24", "text": "from my billion dollar uh property"}, {"start": "00:17:22", "end": "00:17:27", "text": "portfolio and we're using that to buy"}, {"start": "00:17:24", "end": "00:17:29", "text": "Bitcoin.\" And it's like everyone focuses"}, {"start": "00:17:27", "end": "00:17:31", "text": "on the negative as opposed to how much"}, {"start": "00:17:29", "end": "00:17:33", "text": "like amazing stuff is happening every"}, {"start": "00:17:31", "end": "00:17:35", "text": "single day."}, {"start": "00:17:33", "end": "00:17:38", "text": "It says Bitcoin has entered a"}, {"start": "00:17:35", "end": "00:17:40", "text": "consolidation phase as selling pressure"}, {"start": "00:17:38", "end": "00:17:43", "text": "eases."}, {"start": "00:17:40", "end": "00:17:46", "text": "Future traders add more long positions"}, {"start": "00:17:43", "end": "00:17:49", "text": "and demand for downside protection"}, {"start": "00:17:46", "end": "00:17:51", "text": "weakens. This was said by analytics firm"}, {"start": "00:17:49", "end": "00:17:54", "text": "Glass Node."}, {"start": "00:17:51", "end": "00:17:57", "text": "Bitcoin's easing into consolidation."}, {"start": "00:17:54", "end": "00:18:00", "text": "Selling has cooled. Future longs are"}, {"start": "00:17:57", "end": "00:18:04", "text": "piling back in and option traders aren't"}, {"start": "00:18:00", "end": "00:18:07", "text": "as spooked about the downside anymore."}, {"start": "00:18:04", "end": "00:18:10", "text": "ETF outflows are drying up, too. Hot"}, {"start": "00:18:07", "end": "00:18:13", "text": "capital is creeping back, though, which"}, {"start": "00:18:10", "end": "00:18:16", "text": "could stir up volatility even as profits"}, {"start": "00:18:13", "end": "00:18:20", "text": "climb. It's really crazy how much of an"}, {"start": "00:18:16", "end": "00:18:23", "text": "impact the idea between ETFs and futures"}, {"start": "00:18:20", "end": "00:18:26", "text": "has on this market. I mean, it really"}, {"start": "00:18:23", "end": "00:18:29", "text": "has a very stronghold. Any day that we"}, {"start": "00:18:26", "end": "00:18:32", "text": "get any kind of outflow news from ETFs,"}, {"start": "00:18:29", "end": "00:18:33", "text": "the market gets spooked over and over."}, {"start": "00:18:32", "end": "00:18:35", "text": "And this is something that we've dealt"}, {"start": "00:18:33", "end": "00:18:38", "text": "with for two years now. You would kind"}, {"start": "00:18:35", "end": "00:18:41", "text": "of assume that people trading in the"}, {"start": "00:18:38", "end": "00:18:44", "text": "market or people just investing kind of"}, {"start": "00:18:41", "end": "00:18:45", "text": "knew better at this point. All the"}, {"start": "00:18:44", "end": "00:18:47", "text": "outflows that we keep seeing they"}, {"start": "00:18:45", "end": "00:18:49", "text": "eventually become inflows that money"}, {"start": "00:18:47", "end": "00:18:52", "text": "ends up moving back into the market."}, {"start": "00:18:49", "end": "00:18:54", "text": "[snorts] Futures have also once again"}, {"start": "00:18:52", "end": "00:18:56", "text": "tried to stake their claim as a"}, {"start": "00:18:54", "end": "00:18:58", "text": "narrative within the space. They were"}, {"start": "00:18:56", "end": "00:19:00", "text": "very popular in the news around uh"}, {"start": "00:18:58", "end": "00:19:01", "text": "2018209"}, {"start": "00:19:00", "end": "00:19:04", "text": "[snorts]"}, {"start": "00:19:01", "end": "00:19:08", "text": "where we were told if you weren't here"}, {"start": "00:19:04", "end": "00:19:12", "text": "we were told that every Friday every"}, {"start": "00:19:08", "end": "00:19:16", "text": "Friday as the options would expire that"}, {"start": "00:19:12", "end": "00:19:19", "text": "whatever the futures options on the CBOE"}, {"start": "00:19:16", "end": "00:19:24", "text": "or CME said that that was Bitcoin's new"}, {"start": "00:19:19", "end": "00:19:27", "text": "price. So, let's say Bitcoin's at 7,700,"}, {"start": "00:19:24", "end": "00:19:30", "text": "but the futures on Friday at closing"}, {"start": "00:19:27", "end": "00:19:33", "text": "said that Bitcoin's price was 7,200."}, {"start": "00:19:30", "end": "00:19:36", "text": "Like, for futures, not for Bitcoin,"}, {"start": "00:19:33", "end": "00:19:38", "text": "Bitcoin's price would fall by $500 to"}, {"start": "00:19:36", "end": "00:19:40", "text": "like match what the future said. It was"}, {"start": "00:19:38", "end": "00:19:42", "text": "the most bizarre thing in the entire"}, {"start": "00:19:40", "end": "00:19:44", "text": "world. Futures are denominated in US"}, {"start": "00:19:42", "end": "00:19:46", "text": "dollars. They do nothing with Bitcoin."}, {"start": "00:19:44", "end": "00:19:48", "text": "The futures traders aren't holding"}, {"start": "00:19:46", "end": "00:19:50", "text": "Bitcoin. The company behind the futures"}, {"start": "00:19:48", "end": "00:19:51", "text": "doesn't buy Bitcoin. It's just in US"}, {"start": "00:19:50", "end": "00:19:54", "text": "dollars."}, {"start": "00:19:51", "end": "00:19:55", "text": "So, it seems we're back there again. A"}, {"start": "00:19:54", "end": "00:19:57", "text": "couple of weeks ago, I think it was was"}, {"start": "00:19:55", "end": "00:20:00", "text": "it Kraken?"}, {"start": "00:19:57", "end": "00:20:02", "text": "I want to say Kraken, Binance, and other"}, {"start": "00:20:00", "end": "00:20:03", "text": "company have announced ah also the New"}, {"start": "00:20:02", "end": "00:20:06", "text": "York Stock Exchange. They're all"}, {"start": "00:20:03", "end": "00:20:08", "text": "launching like perpetual futures. They"}, {"start": "00:20:06", "end": "00:20:10", "text": "kind of just continue. So, I guess"}, {"start": "00:20:08", "end": "00:20:13", "text": "that's why futures are are back in the"}, {"start": "00:20:10", "end": "00:20:16", "text": "news. The the the big investors haven't"}, {"start": "00:20:13", "end": "00:20:18", "text": "left the market."}, {"start": "00:20:16", "end": "00:20:21", "text": "It's just everyone else. every single"}, {"start": "00:20:18", "end": "00:20:25", "text": "cycle, you know, like real estate sales"}, {"start": "00:20:21", "end": "00:20:26", "text": "are like going up all the time. There's"}, {"start": "00:20:25", "end": "00:20:29", "text": "news that like real estate prices are"}, {"start": "00:20:26", "end": "00:20:30", "text": "falling. I I I just saw a a video on it."}, {"start": "00:20:29", "end": "00:20:33", "text": "They were talking about real estate"}, {"start": "00:20:30", "end": "00:20:36", "text": "prices are falling because mortgage"}, {"start": "00:20:33", "end": "00:20:38", "text": "rates are still high. They haven't"}, {"start": "00:20:36", "end": "00:20:39", "text": "changed. And even at like local banks,"}, {"start": "00:20:38", "end": "00:20:42", "text": "they may they may say, \"Hey, the"}, {"start": "00:20:39", "end": "00:20:43", "text": "interest rate is 8.7%.\""}, {"start": "00:20:42", "end": "00:20:45", "text": "So there's a lot of people who have"}, {"start": "00:20:43", "end": "00:20:47", "text": "mortgages that they couldn't afford"}, {"start": "00:20:45", "end": "00:20:49", "text": "before and now because the markets are"}, {"start": "00:20:47", "end": "00:20:51", "text": "all topsyturvy. These people are selling"}, {"start": "00:20:49", "end": "00:20:54", "text": "their homes, but those homes are getting"}, {"start": "00:20:51", "end": "00:20:56", "text": "bought up almost instantaneously by"}, {"start": "00:20:54", "end": "00:20:58", "text": "Black Rockck and Blackstone and these"}, {"start": "00:20:56", "end": "00:21:00", "text": "other very large companies. So real"}, {"start": "00:20:58", "end": "00:21:03", "text": "estate prices are dropping, but those"}, {"start": "00:21:00", "end": "00:21:04", "text": "homes are being bought up by the"}, {"start": "00:21:03", "end": "00:21:07", "text": "companies"}, {"start": "00:21:04", "end": "00:21:10", "text": "who told us that by 2040 they're going"}, {"start": "00:21:07", "end": "00:21:13", "text": "to own all the single family homes in"}, {"start": "00:21:10", "end": "00:21:16", "text": "the United States. Bitcoin prices go"}, {"start": "00:21:13", "end": "00:21:20", "text": "sideways, Ethereum falls by 2%, XRP goes"}, {"start": "00:21:16", "end": "00:21:22", "text": "down by one and a half quarters,"}, {"start": "00:21:20", "end": "00:21:24", "text": "whatever."}, {"start": "00:21:22", "end": "00:21:28", "text": "retail investors leave, those coins get"}, {"start": "00:21:24", "end": "00:21:30", "text": "bought up by institutions"}, {"start": "00:21:28", "end": "00:21:33", "text": "and and there's no way for me to try and"}, {"start": "00:21:30", "end": "00:21:34", "text": "convince you. I know that once again, if"}, {"start": "00:21:33", "end": "00:21:36", "text": "you're here every single day, first of"}, {"start": "00:21:34", "end": "00:21:37", "text": "all, hello. Thank you for the support."}, {"start": "00:21:36", "end": "00:21:39", "text": "But if you're here every day, like you"}, {"start": "00:21:37", "end": "00:21:41", "text": "like you know the like you know the"}, {"start": "00:21:39", "end": "00:21:43", "text": "song, you know how it goes. We've seen"}, {"start": "00:21:41", "end": "00:21:46", "text": "this. We've seen this so many other"}, {"start": "00:21:43", "end": "00:21:48", "text": "times before. Even even the other thing"}, {"start": "00:21:46", "end": "00:21:50", "text": "before there like every single cycle,"}, {"start": "00:21:48", "end": "00:21:54", "text": "there's always like a company. There's"}, {"start": "00:21:50", "end": "00:21:57", "text": "always a company that does something"}, {"start": "00:21:54", "end": "00:21:58", "text": "wrong or bad or scary that like freaks"}, {"start": "00:21:57", "end": "00:22:02", "text": "the market out and causes people to"}, {"start": "00:21:58", "end": "00:22:04", "text": "leave. It was Mount Gaus, Bitconnect,"}, {"start": "00:22:02", "end": "00:22:08", "text": "FTX, and now this time it's Micro"}, {"start": "00:22:04", "end": "00:22:10", "text": "Strategy. There's always a company. This"}, {"start": "00:22:08", "end": "00:22:14", "text": "is this always marks like like like the"}, {"start": "00:22:10", "end": "00:22:16", "text": "the the the cycle lows. It's when"}, {"start": "00:22:14", "end": "00:22:18", "text": "everyone gets scared. Everyone like runs"}, {"start": "00:22:16", "end": "00:22:22", "text": "away from the market. Did you hear the"}, {"start": "00:22:18", "end": "00:22:24", "text": "companies that I said? It's every single"}, {"start": "00:22:22", "end": "00:22:27", "text": "cycle. It's the same loop over and over."}, {"start": "00:22:24", "end": "00:22:30", "text": "So, by the time we get to"}, {"start": "00:22:27", "end": "00:22:32", "text": "2029, 2030,"}, {"start": "00:22:30", "end": "00:22:34", "text": "there's going to be another golden child"}, {"start": "00:22:32", "end": "00:22:35", "text": "company. There's going to be another"}, {"start": "00:22:34", "end": "00:22:38", "text": "like look at that company. Look at how"}, {"start": "00:22:35", "end": "00:22:41", "text": "exceptional they are."}, {"start": "00:22:38", "end": "00:22:44", "text": "Mount Gox was the figure head for the"}, {"start": "00:22:41", "end": "00:22:45", "text": "cryptocurrency space."}, {"start": "00:22:44", "end": "00:22:49", "text": "Bitconnect, if you weren't here back"}, {"start": "00:22:45", "end": "00:22:51", "text": "then, was like god to people. I I'll"}, {"start": "00:22:49", "end": "00:22:53", "text": "never understand it. I remember making"}, {"start": "00:22:51", "end": "00:22:55", "text": "videos and being like, \"Why is everyone"}, {"start": "00:22:53", "end": "00:22:56", "text": "into this scam?\" And everyone was like,"}, {"start": "00:22:55", "end": "00:22:58", "text": "\"No, it's the coolest thing ever. These"}, {"start": "00:22:56", "end": "00:23:00", "text": "YouTubers are making five Bitcoin per"}, {"start": "00:22:58", "end": "00:23:03", "text": "day.\" And I was like, \"This is clearly a"}, {"start": "00:23:00", "end": "00:23:06", "text": "scam.\" FTX,"}, {"start": "00:23:03", "end": "00:23:09", "text": "when FTX was rising, he wasn't he on the"}, {"start": "00:23:06", "end": "00:23:10", "text": "cover of Forbes? Like, uh, Sam Bankman"}, {"start": "00:23:09", "end": "00:23:14", "text": "Freed was everywhere in the news. And I"}, {"start": "00:23:10", "end": "00:23:15", "text": "was like, this guy, like he's clearly"}, {"start": "00:23:14", "end": "00:23:17", "text": "lying."}, {"start": "00:23:15", "end": "00:23:19", "text": "You can literally tell by like listening"}, {"start": "00:23:17", "end": "00:23:22", "text": "to this man talk that something is"}, {"start": "00:23:19", "end": "00:23:24", "text": "completely off. FTX collapses. Everyone"}, {"start": "00:23:22", "end": "00:23:26", "text": "is like, \"Oh, how how the how could we"}, {"start": "00:23:24", "end": "00:23:28", "text": "have Canon.\""}, {"start": "00:23:26", "end": "00:23:29", "text": "And now you have Micro Strategy. I don't"}, {"start": "00:23:28", "end": "00:23:31", "text": "think Micro Strategy is going to"}, {"start": "00:23:29", "end": "00:23:33", "text": "collapse, but it's once again leaning on"}, {"start": "00:23:31", "end": "00:23:36", "text": "a company."}, {"start": "00:23:33", "end": "00:23:37", "text": "The cycles are always the same."}, {"start": "00:23:36", "end": "00:23:39", "text": "You know, where like like we're living"}, {"start": "00:23:37", "end": "00:23:41", "text": "in a world where people can't afford"}, {"start": "00:23:39", "end": "00:23:43", "text": "groceries."}, {"start": "00:23:41", "end": "00:23:46", "text": "Tons of tons of people who were in the"}, {"start": "00:23:43", "end": "00:23:49", "text": "cryptocurrency market are going to come"}, {"start": "00:23:46", "end": "00:23:52", "text": "back into the market in 2027 and 2028."}, {"start": "00:23:49", "end": "00:23:54", "text": "And I and I I I'll actually push it to"}, {"start": "00:23:52", "end": "00:23:56", "text": "the end of 2028 when prices are like"}, {"start": "00:23:54", "end": "00:23:58", "text": "really going back up and they're going"}, {"start": "00:23:56", "end": "00:24:00", "text": "to be confused. Why am I not making"}, {"start": "00:23:58", "end": "00:24:02", "text": "millions of dollars? How have I not made"}, {"start": "00:24:00", "end": "00:24:05", "text": "an insane profit? What's wrong with, you"}, {"start": "00:24:02", "end": "00:24:05", "text": "know?"}, {"start": "00:24:06", "end": "00:24:13", "text": "Yeah. No, like rich people haven't left."}, {"start": "00:24:09", "end": "00:24:13", "text": "They're still in the market."}, {"start": "00:24:16", "end": "00:24:20", "text": "The update comes as traders look for"}, {"start": "00:24:18", "end": "00:24:25", "text": "signs that Bitcoin can build on its"}, {"start": "00:24:20", "end": "00:24:27", "text": "recent recovery. Glass Nodes week 28 BTC"}, {"start": "00:24:25", "end": "00:24:30", "text": "market pulse found that selling pressure"}, {"start": "00:24:27", "end": "00:24:33", "text": "has eased while futures activity"}, {"start": "00:24:30", "end": "00:24:35", "text": "continues to increase."}, {"start": "00:24:33", "end": "00:24:38", "text": "The report also showed that outflows"}, {"start": "00:24:35", "end": "00:24:43", "text": "from US spot Bitcoin ETFs has slowed as"}, {"start": "00:24:38", "end": "00:24:46", "text": "more investors return to profit."}, {"start": "00:24:43", "end": "00:24:47", "text": "Yeah, what a weird freaking market to be"}, {"start": "00:24:46", "end": "00:24:50", "text": "in. I don't even know what else to say."}, {"start": "00:24:47", "end": "00:24:52", "text": "It's just always completely odd, but it"}, {"start": "00:24:50", "end": "00:24:54", "text": "is what it is."}, {"start": "00:24:52", "end": "00:24:57", "text": "Um yeah, that's the glass node is also"}, {"start": "00:24:54", "end": "00:25:00", "text": "talking about a market recovery, things"}, {"start": "00:24:57", "end": "00:25:03", "text": "moving back up. The current"}, {"start": "00:25:00", "end": "00:25:06", "text": "look around for a lot of people is what"}, {"start": "00:25:03", "end": "00:25:08", "text": "the Fed is going to do next. That is"}, {"start": "00:25:06", "end": "00:25:10", "text": "like at the forefront of a lot of"}, {"start": "00:25:08", "end": "00:25:13", "text": "things. Um, we've had, if you hadn't"}, {"start": "00:25:10", "end": "00:25:15", "text": "seen the videos, uh, there have been a"}, {"start": "00:25:13", "end": "00:25:17", "text": "couple of banks who've been announcing"}, {"start": "00:25:15", "end": "00:25:19", "text": "that they believe,"}, {"start": "00:25:17", "end": "00:25:21", "text": "uh, it's kind of split that the Fed is"}, {"start": "00:25:19", "end": "00:25:23", "text": "either going to keep interest rates the"}, {"start": "00:25:21", "end": "00:25:26", "text": "same or that they're going to raise"}, {"start": "00:25:23", "end": "00:25:28", "text": "them. There's really no in between or"}, {"start": "00:25:26", "end": "00:25:31", "text": "any idea"}, {"start": "00:25:28", "end": "00:25:34", "text": "of interest rates actually going down."}, {"start": "00:25:31", "end": "00:25:36", "text": "Um, no matter what the narrative is, I"}, {"start": "00:25:34", "end": "00:25:39", "text": "don't really care. Crypto is going to do"}, {"start": "00:25:36", "end": "00:25:41", "text": "just fine. Bitcoin is going to increase"}, {"start": "00:25:39", "end": "00:25:43", "text": "in price. It's going to become rarer."}, {"start": "00:25:41", "end": "00:25:45", "text": "There's going to be less of it around."}, {"start": "00:25:43", "end": "00:25:46", "text": "Rich people are going to get richer"}, {"start": "00:25:45", "end": "00:25:49", "text": "because they keep accumulating and"}, {"start": "00:25:46", "end": "00:25:52", "text": "absorbing all of the assets. So, uh, for"}, {"start": "00:25:49", "end": "00:25:54", "text": "all of you, as I've been saying, uh,"}, {"start": "00:25:52", "end": "00:25:57", "text": "who, you know, you've been accumulating"}, {"start": "00:25:54", "end": "00:26:00", "text": "crypto and you finally got to, you know,"}, {"start": "00:25:57", "end": "00:26:03", "text": "0.25 Bitcoin, you finally got to half a"}, {"start": "00:26:00", "end": "00:26:04", "text": "coin. You wanted to accumulate 10, 15,"}, {"start": "00:26:03", "end": "00:26:07", "text": "20 Ether and you finally got there."}, {"start": "00:26:04", "end": "00:26:10", "text": "Like, congratulations to you. Like truly"}, {"start": "00:26:07", "end": "00:26:14", "text": "truly truly congratulations because"}, {"start": "00:26:10", "end": "00:26:16", "text": "I just assume that most people want to"}, {"start": "00:26:14", "end": "00:26:19", "text": "be broke. It's not a joke. I'm not I'm"}, {"start": "00:26:16", "end": "00:26:21", "text": "not trying to be funny or be rude or"}, {"start": "00:26:19", "end": "00:26:23", "text": "trying to get clicks. I think a lot of"}, {"start": "00:26:21", "end": "00:26:25", "text": "people like to complain. I think a lot"}, {"start": "00:26:23", "end": "00:26:27", "text": "of people like to live in their sadness."}, {"start": "00:26:25", "end": "00:26:29", "text": "I think a lot of people like to not have"}, {"start": "00:26:27", "end": "00:26:31", "text": "money. It's an easy way for them to kind"}, {"start": "00:26:29", "end": "00:26:33", "text": "of like"}, {"start": "00:26:31", "end": "00:26:35", "text": "fit in with other people around them and"}, {"start": "00:26:33", "end": "00:26:37", "text": "also be able to complain about stuff."}, {"start": "00:26:35", "end": "00:26:39", "text": "You want to be around friends who, you"}, {"start": "00:26:37", "end": "00:26:41", "text": "know, I can't pay my rent. I can't buy"}, {"start": "00:26:39", "end": "00:26:43", "text": "this. I wish I could buy that. I don't"}, {"start": "00:26:41", "end": "00:26:45", "text": "have anything. And then you look and"}, {"start": "00:26:43", "end": "00:26:48", "text": "you're like, yeah, you can. You can do"}, {"start": "00:26:45", "end": "00:26:50", "text": "it. Are are you saving money? No. Are"}, {"start": "00:26:48", "end": "00:26:52", "text": "you are are you stopping any of your"}, {"start": "00:26:50", "end": "00:26:54", "text": "vices? No. Do you do you put money to"}, {"start": "00:26:52", "end": "00:26:56", "text": "the side? Are you trying to do this? Are"}, {"start": "00:26:54", "end": "00:26:57", "text": "you trying to build a side income? Are"}, {"start": "00:26:56", "end": "00:26:58", "text": "you looking at the stocks? Are you"}, {"start": "00:26:57", "end": "00:26:59", "text": "looking into crypto? Have you looked"}, {"start": "00:26:58", "end": "00:27:00", "text": "into REITs? Have you looked into"}, {"start": "00:26:59", "end": "00:27:03", "text": "anything that could give you passive"}, {"start": "00:27:00", "end": "00:27:05", "text": "income? And no. No. Things are just"}, {"start": "00:27:03", "end": "00:27:07", "text": "really hard. and you go, \"Okay, well"}, {"start": "00:27:05", "end": "00:27:09", "text": "that's cool.\" You see these people 5 6 7"}, {"start": "00:27:07", "end": "00:27:12", "text": "8 9 10 years later, they're in the same"}, {"start": "00:27:09", "end": "00:27:14", "text": "exact position."}, {"start": "00:27:12", "end": "00:27:15", "text": "You know how many videos I've seen you"}, {"start": "00:27:14", "end": "00:27:17", "text": "you must have seen? I don't I don't"}, {"start": "00:27:15", "end": "00:27:19", "text": "know. We're probably not in the same"}, {"start": "00:27:17", "end": "00:27:21", "text": "part of the internet. Uh there's so many"}, {"start": "00:27:19", "end": "00:27:24", "text": "videos I've seen over the years of on in"}, {"start": "00:27:21", "end": "00:27:26", "text": "on Instagram of these like inspirational"}, {"start": "00:27:24", "end": "00:27:28", "text": "videos of people who were like once"}, {"start": "00:27:26", "end": "00:27:30", "text": "homeless and I mean like like literally"}, {"start": "00:27:28", "end": "00:27:32", "text": "like on the street and at some point"}, {"start": "00:27:30", "end": "00:27:35", "text": "they went to a shelter, they got a"}, {"start": "00:27:32", "end": "00:27:37", "text": "normal job, they saved up some money and"}, {"start": "00:27:35", "end": "00:27:38", "text": "they ended up moving, you know, it's a"}, {"start": "00:27:37", "end": "00:27:41", "text": "tiny apartment but they ended up moving"}, {"start": "00:27:38", "end": "00:27:43", "text": "back into an apartment."}, {"start": "00:27:41", "end": "00:27:46", "text": "I'm like they had the force and the will"}, {"start": "00:27:43", "end": "00:27:48", "text": "to be like okay let's do this. There's"}, {"start": "00:27:46", "end": "00:27:50", "text": "no reason why you can't also do the"}, {"start": "00:27:48", "end": "00:27:51", "text": "exact same thing. Why the people who"}, {"start": "00:27:50", "end": "00:27:54", "text": "complain to you about money can't do the"}, {"start": "00:27:51", "end": "00:27:57", "text": "exact same thing. Why aren't they doing"}, {"start": "00:27:54", "end": "00:27:58", "text": "what you're doing?"}, {"start": "00:27:57", "end": "00:28:01", "text": "That was a life lesson I also had to"}, {"start": "00:27:58", "end": "00:28:04", "text": "learn. I I I truly thought for a number"}, {"start": "00:28:01", "end": "00:28:08", "text": "of years. This is this is around 2010"}, {"start": "00:28:04", "end": "00:28:10", "text": "112 2010 112. I knew so many people who"}, {"start": "00:28:08", "end": "00:28:11", "text": "used to always tell me like their money"}, {"start": "00:28:10", "end": "00:28:14", "text": "problems and I thought that these people"}, {"start": "00:28:11", "end": "00:28:15", "text": "physically could not do it. Do you"}, {"start": "00:28:14", "end": "00:28:16", "text": "understand what I'm saying? like I"}, {"start": "00:28:15", "end": "00:28:18", "text": "thought that they didn't have the mental"}, {"start": "00:28:16", "end": "00:28:20", "text": "capacity"}, {"start": "00:28:18", "end": "00:28:24", "text": "and then I was like, \"No, I'm not a"}, {"start": "00:28:20", "end": "00:28:28", "text": "genius. Look at what I did.\""}, {"start": "00:28:24", "end": "00:28:30", "text": "Anyway, uh hope you're all doing well."}, {"start": "00:28:28", "end": "00:28:32", "text": "Um hope you're all remembering to"}, {"start": "00:28:30", "end": "00:28:36", "text": "invest. Uh for those of you who are"}, {"start": "00:28:32", "end": "00:28:38", "text": "interested in uh real estate and making"}, {"start": "00:28:36", "end": "00:28:41", "text": "money, um I wrote two books. There are"}, {"start": "00:28:38", "end": "00:28:44", "text": "links for them in the description below."}, {"start": "00:28:41", "end": "00:28:47", "text": "A very big thank you to Gypsy Queen,"}, {"start": "00:28:44", "end": "00:28:49", "text": "Trent Jackson, Gilboa Snake, and Finley"}, {"start": "00:28:47", "end": "00:28:51", "text": "Bass. Very big thank you to my Patreon"}, {"start": "00:28:49", "end": "00:28:54", "text": "supporters. You guys are awesome. Hope"}, {"start": "00:28:51", "end": "00:28:56", "text": "you all enjoyed. I hope that you all are"}, {"start": "00:28:54", "end": "00:28:58", "text": "having a great day, a great morning,"}, {"start": "00:28:56", "end": "00:29:00", "text": "afternoon, evening, wherever you are,"}, {"start": "00:28:58", "end": "00:29:02", "text": "wherever you might be. I do hope it's"}, {"start": "00:29:00", "end": "00:29:04", "text": "absolutely fantastic. Thank you all once"}, {"start": "00:29:02", "end": "00:29:06", "text": "again for watching, listening, liking,"}, {"start": "00:29:04", "end": "00:29:10", "text": "commenting, and supporting. and I will"}, {"start": "00:29:06", "end": "00:29:12", "text": "most certainly be talking to you all"}, {"start": "00:29:10", "end": "00:29:15", "text": "soon."}, {"start": "00:29:12", "end": "00:29:15", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:08", "text": "Welcome back"}, {"start": "00:00:06", "end": "00:00:11", "text": "for another video."}, {"start": "00:00:08", "end": "00:00:12", "text": "Welcome back to the channel."}, {"start": "00:00:11", "end": "00:00:15", "text": "Hope everyone's sorry. Hope everyone's"}, {"start": "00:00:12", "end": "00:00:18", "text": "doing well and having a"}, {"start": "00:00:15", "end": "00:00:21", "text": "great day. I just realized how how warm"}, {"start": "00:00:18", "end": "00:00:23", "text": "the room felt and it it just"}, {"start": "00:00:21", "end": "00:00:27", "text": "it kind of shocked me a little bit. Very"}, {"start": "00:00:23", "end": "00:00:31", "text": "big thank you to Gypsy Queen, Trent"}, {"start": "00:00:27", "end": "00:00:34", "text": "Jackson, Gil Boaz, Snake,"}, {"start": "00:00:31", "end": "00:00:37", "text": "and Finley Bass. A gigantic thank you to"}, {"start": "00:00:34", "end": "00:00:38", "text": "my Patreon"}, {"start": "00:00:37", "end": "00:00:40", "text": "supporters."}, {"start": "00:00:38", "end": "00:00:43", "text": "Thank you to everyone who leaves a like"}, {"start": "00:00:40", "end": "00:00:48", "text": "and everyone who leaves a comment on the"}, {"start": "00:00:43", "end": "00:00:51", "text": "video as well. Without any further ado,"}, {"start": "00:00:48", "end": "00:00:54", "text": "let's let's let's jump right into it."}, {"start": "00:00:51", "end": "00:00:55", "text": "So, if you have been here the last 2"}, {"start": "00:00:54", "end": "00:00:58", "text": "weeks,"}, {"start": "00:00:55", "end": "00:01:01", "text": "uh you might have heard some rants. You"}, {"start": "00:00:58", "end": "00:01:04", "text": "might have heard some raves. You might"}, {"start": "00:01:01", "end": "00:01:06", "text": "have heard me quite disgruntled. The"}, {"start": "00:01:04", "end": "00:01:08", "text": "cryptocurrency market,"}, {"start": "00:01:06", "end": "00:01:10", "text": "if we can be completely honest with"}, {"start": "00:01:08", "end": "00:01:13", "text": "ourselves,"}, {"start": "00:01:10", "end": "00:01:16", "text": "is not an easy place to be in."}, {"start": "00:01:13", "end": "00:01:19", "text": "Especially with everything that's been"}, {"start": "00:01:16", "end": "00:01:20", "text": "going on for the better part of a couple"}, {"start": "00:01:19", "end": "00:01:22", "text": "of years"}, {"start": "00:01:20", "end": "00:01:27", "text": "uh right now."}, {"start": "00:01:22", "end": "00:01:28", "text": "The generalization has been for me"}, {"start": "00:01:27", "end": "00:01:30", "text": "that"}, {"start": "00:01:28", "end": "00:01:32", "text": "good times are coming. Cuz that's what"}, {"start": "00:01:30", "end": "00:01:35", "text": "we keep hearing and it's not to say that"}, {"start": "00:01:32", "end": "00:01:39", "text": "they are not going to arrive, but"}, {"start": "00:01:35", "end": "00:01:43", "text": "there's been a large amount of weirdness"}, {"start": "00:01:39", "end": "00:01:45", "text": "in this market in that we have seen"}, {"start": "00:01:43", "end": "00:01:47", "text": "gargantuanly"}, {"start": "00:01:45", "end": "00:01:49", "text": "unprecedented levels"}, {"start": "00:01:47", "end": "00:01:52", "text": "of adoption."}, {"start": "00:01:49", "end": "00:01:54", "text": "Not normal adoption. We're talking about"}, {"start": "00:01:52", "end": "00:01:56", "text": "government-wide. We're talking about"}, {"start": "00:01:54", "end": "00:01:58", "text": "institutions. Like the I mean, if we can"}, {"start": "00:01:56", "end": "00:02:00", "text": "say the phrase"}, {"start": "00:01:58", "end": "00:02:03", "text": "the companies that own the world are"}, {"start": "00:02:00", "end": "00:02:06", "text": "like knee-deep in crypto."}, {"start": "00:02:03", "end": "00:02:08", "text": "Uh we had indications and news even like"}, {"start": "00:02:06", "end": "00:02:11", "text": "as far as recently about how many"}, {"start": "00:02:08", "end": "00:02:13", "text": "companies are are are buying up crypto"}, {"start": "00:02:11", "end": "00:02:15", "text": "and buying up Bitcoin and the numbers"}, {"start": "00:02:13", "end": "00:02:19", "text": "have once again been quite staggering."}, {"start": "00:02:15", "end": "00:02:22", "text": "And it leads me sometimes to believe"}, {"start": "00:02:19", "end": "00:02:25", "text": "that it is quite unorthodox that we"}, {"start": "00:02:22", "end": "00:02:29", "text": "would see prices dropping at all."}, {"start": "00:02:25", "end": "00:02:31", "text": "When around 15 to 20% of all the Bitcoin"}, {"start": "00:02:29", "end": "00:02:34", "text": "that there is was accumulated in the"}, {"start": "00:02:31", "end": "00:02:38", "text": "course of a 24-month period."}, {"start": "00:02:34", "end": "00:02:41", "text": "Aha. So, standing next to that"}, {"start": "00:02:38", "end": "00:02:44", "text": "is this seemingly unwavering amount of"}, {"start": "00:02:41", "end": "00:02:46", "text": "support for crypto and the market where"}, {"start": "00:02:44", "end": "00:02:47", "text": "things are going to go, how high prices"}, {"start": "00:02:46", "end": "00:02:49", "text": "are going to be, where prices are going"}, {"start": "00:02:47", "end": "00:02:51", "text": "to be by the time we get to December,"}, {"start": "00:02:49", "end": "00:02:53", "text": "when we get to 2029, we're going to be"}, {"start": "00:02:51", "end": "00:02:56", "text": "at a hundred bajillion million-dollar"}, {"start": "00:02:53", "end": "00:02:58", "text": "Bitcoin. And those calls have not"}, {"start": "00:02:56", "end": "00:03:00", "text": "stopped."}, {"start": "00:02:58", "end": "00:03:03", "text": "The the current"}, {"start": "00:03:00", "end": "00:03:06", "text": "theme of crypto, as we've been going"}, {"start": "00:03:03", "end": "00:03:07", "text": "over for weeks now, is either now or"}, {"start": "00:03:06", "end": "00:03:10", "text": "September."}, {"start": "00:03:07", "end": "00:03:12", "text": "And I feel like the truth lies somewhere"}, {"start": "00:03:10", "end": "00:03:15", "text": "in between"}, {"start": "00:03:12", "end": "00:03:17", "text": "where the"}, {"start": "00:03:15", "end": "00:03:21", "text": "No, it's not a majority. It's kind of"}, {"start": "00:03:17", "end": "00:03:25", "text": "It's kind of like 55"}, {"start": "00:03:21", "end": "00:03:27", "text": "55 like 45. I That sounds appropriate,"}, {"start": "00:03:25", "end": "00:03:29", "text": "somewhere around there."}, {"start": "00:03:27", "end": "00:03:32", "text": "Our split between"}, {"start": "00:03:29", "end": "00:03:34", "text": "uh yeah, the market recovery has already"}, {"start": "00:03:32", "end": "00:03:37", "text": "begun. Those are the Novogratzes, the"}, {"start": "00:03:34", "end": "00:03:39", "text": "Tom Lees, and the other bunch who are"}, {"start": "00:03:37", "end": "00:03:41", "text": "saying that we have to wait until the If"}, {"start": "00:03:39", "end": "00:03:43", "text": "you haven't seen that very particular"}, {"start": "00:03:41", "end": "00:03:45", "text": "chart, I don't think my friend is"}, {"start": "00:03:43", "end": "00:03:47", "text": "watching, but hello. My friend sent me"}, {"start": "00:03:45", "end": "00:03:48", "text": "the chart. If you haven't seen it, it's"}, {"start": "00:03:47", "end": "00:03:52", "text": "everywhere."}, {"start": "00:03:48", "end": "00:03:54", "text": "It's that like uh I think it's 1,064"}, {"start": "00:03:52", "end": "00:03:57", "text": "day chart or something like that."}, {"start": "00:03:54", "end": "00:04:00", "text": "Basically, someone found a chart that"}, {"start": "00:03:57", "end": "00:04:04", "text": "shows that the downward movements of"}, {"start": "00:04:00", "end": "00:04:07", "text": "crypto markets tend to last for"}, {"start": "00:04:04", "end": "00:04:10", "text": "apparently approximately 364"}, {"start": "00:04:07", "end": "00:04:13", "text": "days. You can find the chart, I promise"}, {"start": "00:04:10", "end": "00:04:15", "text": "you. It is It's going around like"}, {"start": "00:04:13", "end": "00:04:19", "text": "you wouldn't believe."}, {"start": "00:04:15", "end": "00:04:23", "text": "The theory or the charty basically shows"}, {"start": "00:04:19", "end": "00:04:28", "text": "that our downtrend began, I think was it"}, {"start": "00:04:23", "end": "00:04:30", "text": "the 7th or 8th of October last year."}, {"start": "00:04:28", "end": "00:04:33", "text": "Therefore, this would put us at the 6th"}, {"start": "00:04:30", "end": "00:04:37", "text": "of October for prices to like literally"}, {"start": "00:04:33", "end": "00:04:39", "text": "rebound and I dare say the word only"}, {"start": "00:04:37", "end": "00:04:41", "text": "then go back up. It's because it's what"}, {"start": "00:04:39", "end": "00:04:43", "text": "all the other charts and all the other"}, {"start": "00:04:41", "end": "00:04:46", "text": "things have been showing. Which would"}, {"start": "00:04:43", "end": "00:04:50", "text": "then lead us to"}, {"start": "00:04:46", "end": "00:04:53", "text": "if my numbers are correct, 1,064"}, {"start": "00:04:50", "end": "00:04:54", "text": "days of upward movements."}, {"start": "00:04:53", "end": "00:04:57", "text": "It's what all the other charts have"}, {"start": "00:04:54", "end": "00:04:59", "text": "done, what they've all shown. The"}, {"start": "00:04:57", "end": "00:05:02", "text": "spooky"}, {"start": "00:04:59", "end": "00:05:04", "text": "part is that for some reason, not only"}, {"start": "00:05:02", "end": "00:05:07", "text": "are we in a cycle, it's like a"}, {"start": "00:05:04", "end": "00:05:09", "text": "very exact cycle to the point where you"}, {"start": "00:05:07", "end": "00:05:10", "text": "can literally see, \"Oh, okay. Well,"}, {"start": "00:05:09", "end": "00:05:12", "text": "tomorrow the market is going to go"}, {"start": "00:05:10", "end": "00:05:14", "text": "down.\" Like the market is definitely"}, {"start": "00:05:12", "end": "00:05:16", "text": "going down tomorrow and then it actually"}, {"start": "00:05:14", "end": "00:05:18", "text": "does."}, {"start": "00:05:16", "end": "00:05:20", "text": "Hovering around all of that at the"}, {"start": "00:05:18", "end": "00:05:24", "text": "moment is"}, {"start": "00:05:20", "end": "00:05:27", "text": "uh this kind of like rebound behavior."}, {"start": "00:05:24", "end": "00:05:29", "text": "So, we sometimes go May We used to go"}, {"start": "00:05:27", "end": "00:05:32", "text": "with no days without hearing that a"}, {"start": "00:05:29", "end": "00:05:34", "text": "company was buying crypto."}, {"start": "00:05:32", "end": "00:05:39", "text": "But, now it seems that"}, {"start": "00:05:34", "end": "00:05:42", "text": "when prices fall or when it seems like a"}, {"start": "00:05:39", "end": "00:05:45", "text": "a good entry point,"}, {"start": "00:05:42", "end": "00:05:47", "text": "a lot of uh very prominent people in the"}, {"start": "00:05:45", "end": "00:05:49", "text": "space like to tell us"}, {"start": "00:05:47", "end": "00:05:50", "text": "uh that they're basically going to be"}, {"start": "00:05:49", "end": "00:05:54", "text": "buying again cuz they're expecting"}, {"start": "00:05:50", "end": "00:05:56", "text": "prices to once again"}, {"start": "00:05:54", "end": "00:05:57", "text": "go a lot higher."}, {"start": "00:05:56", "end": "00:05:59", "text": "In"}, {"start": "00:05:57", "end": "00:06:01", "text": "uh [screaming] I want to say like kind"}, {"start": "00:05:59", "end": "00:06:06", "text": "of popular news, I haven't heard from"}, {"start": "00:06:01", "end": "00:06:09", "text": "this company in in in quite some time."}, {"start": "00:06:06", "end": "00:06:12", "text": "Uh the company called Sharp Link. Sharp"}, {"start": "00:06:09", "end": "00:06:15", "text": "Link apparently has uh reignited,"}, {"start": "00:06:12", "end": "00:06:17", "text": "restarted their cryptocurrency"}, {"start": "00:06:15", "end": "00:06:19", "text": "accumulation. They were very popular as"}, {"start": "00:06:17", "end": "00:06:21", "text": "well last year"}, {"start": "00:06:19", "end": "00:06:24", "text": "cuz they were nearing uh having a"}, {"start": "00:06:21", "end": "00:06:27", "text": "million ether themselves."}, {"start": "00:06:24", "end": "00:06:29", "text": "But I believe, if I am not mistaken,"}, {"start": "00:06:27", "end": "00:06:33", "text": "they were part of the cohort of"}, {"start": "00:06:29", "end": "00:06:35", "text": "companies in the world who I don't want"}, {"start": "00:06:33", "end": "00:06:37", "text": "to say over-leveraged, but kind of did"}, {"start": "00:06:35", "end": "00:06:38", "text": "too much too fast."}, {"start": "00:06:37", "end": "00:06:42", "text": "And then they ended up slowing down as"}, {"start": "00:06:38", "end": "00:06:46", "text": "the market went down. But a typical"}, {"start": "00:06:42", "end": "00:06:48", "text": "usual good indicator as to and I say"}, {"start": "00:06:46", "end": "00:06:51", "text": "this in this way"}, {"start": "00:06:48", "end": "00:06:53", "text": "as to when it could potentially be a"}, {"start": "00:06:51", "end": "00:06:55", "text": "good time to get back in the market"}, {"start": "00:06:53", "end": "00:06:57", "text": "is when all the companies begin buying"}, {"start": "00:06:55", "end": "00:07:00", "text": "at the same time. They have the similar"}, {"start": "00:06:57", "end": "00:07:05", "text": "charts and it kind of shows okay"}, {"start": "00:07:00", "end": "00:07:08", "text": "prices might not go any lower than this."}, {"start": "00:07:05", "end": "00:07:10", "text": "Sharp Link has purchased 5,000"}, {"start": "00:07:08", "end": "00:07:13", "text": "Ethereum"}, {"start": "00:07:10", "end": "00:07:16", "text": "resuming corporate accumulation"}, {"start": "00:07:13", "end": "00:07:18", "text": "after eight months."}, {"start": "00:07:16", "end": "00:07:21", "text": "Eight months of inactivity."}, {"start": "00:07:18", "end": "00:07:23", "text": "The company remains the second largest"}, {"start": "00:07:21", "end": "00:07:27", "text": "public Ethereum holder"}, {"start": "00:07:23", "end": "00:07:29", "text": "despite significant unrealized portfolio"}, {"start": "00:07:27", "end": "00:07:31", "text": "losses today."}, {"start": "00:07:29", "end": "00:07:34", "text": "It says Ethereum's weakness and"}, {"start": "00:07:31", "end": "00:07:36", "text": "declining shares failed to halt Sharp"}, {"start": "00:07:34", "end": "00:07:38", "text": "Link's long-term treasury expansion"}, {"start": "00:07:36", "end": "00:07:42", "text": "strategy."}, {"start": "00:07:38", "end": "00:07:44", "text": "What I've gathered and you'll see the"}, {"start": "00:07:42", "end": "00:07:47", "text": "other news stories, and it's almost like"}, {"start": "00:07:44", "end": "00:07:50", "text": "a mimic of a mimic of a mimic."}, {"start": "00:07:47", "end": "00:07:54", "text": "Companies are announcing once again, out"}, {"start": "00:07:50", "end": "00:07:57", "text": "loud, that they have not lost trust in"}, {"start": "00:07:54", "end": "00:07:59", "text": "the market. I don't know if that's"}, {"start": "00:07:57", "end": "00:08:01", "text": "important or significant, but it's"}, {"start": "00:07:59", "end": "00:08:03", "text": "something, you know. Uh we don't want"}, {"start": "00:08:01", "end": "00:08:05", "text": "everyone to do an about-face and leave"}, {"start": "00:08:03", "end": "00:08:07", "text": "the crypto market, especially when they"}, {"start": "00:08:05", "end": "00:08:09", "text": "have hundreds of thousands of crypto."}, {"start": "00:08:07", "end": "00:08:12", "text": "But,"}, {"start": "00:08:09", "end": "00:08:14", "text": "there's been a I don't know if it's some"}, {"start": "00:08:12", "end": "00:08:17", "text": "kind of a response to"}, {"start": "00:08:14", "end": "00:08:21", "text": "Michael Saylor, but there's a bit of a"}, {"start": "00:08:17", "end": "00:08:23", "text": "renaissance, if you will, of people who"}, {"start": "00:08:21", "end": "00:08:25", "text": "are once again announcing their backing"}, {"start": "00:08:23", "end": "00:08:27", "text": "of crypto. We haven't lost faith. We're"}, {"start": "00:08:25", "end": "00:08:31", "text": "still buying. We're expecting higher"}, {"start": "00:08:27", "end": "00:08:32", "text": "prices. And I mean, listen. Listen."}, {"start": "00:08:31", "end": "00:08:35", "text": "Listen to my words very carefully"}, {"start": "00:08:32", "end": "00:08:38", "text": "because this is in plain English."}, {"start": "00:08:35", "end": "00:08:42", "text": "If the question mark is,"}, {"start": "00:08:38", "end": "00:08:46", "text": "are crypto prices going to rise today"}, {"start": "00:08:42", "end": "00:08:49", "text": "or rise September, October, then, buddy"}, {"start": "00:08:46", "end": "00:08:50", "text": "boy, there's not really that much of a"}, {"start": "00:08:49", "end": "00:08:54", "text": "difference. You're still going to be"}, {"start": "00:08:50", "end": "00:08:57", "text": "essentially riding the 1,064-day"}, {"start": "00:08:54", "end": "00:09:00", "text": "wave upward."}, {"start": "00:08:57", "end": "00:09:03", "text": "I cannot tell you how"}, {"start": "00:09:00", "end": "00:09:06", "text": "the word's not excited, how interested I"}, {"start": "00:09:03", "end": "00:09:07", "text": "am to see what's going to happen."}, {"start": "00:09:06", "end": "00:09:09", "text": "Because I've been through multiple"}, {"start": "00:09:07", "end": "00:09:11", "text": "market cycles. I told you before, we've"}, {"start": "00:09:09", "end": "00:09:14", "text": "seen downward movement. This this time"}, {"start": "00:09:11", "end": "00:09:16", "text": "feels a bit more dramatic because"}, {"start": "00:09:14", "end": "00:09:18", "text": "because everyone was kind of expecting"}, {"start": "00:09:16", "end": "00:09:21", "text": "prices to go higher."}, {"start": "00:09:18", "end": "00:09:23", "text": "But, when prices do begin to march back"}, {"start": "00:09:21", "end": "00:09:26", "text": "upward,"}, {"start": "00:09:23", "end": "00:09:27", "text": "I'm expecting wonderful things to"}, {"start": "00:09:26", "end": "00:09:28", "text": "happen."}, {"start": "00:09:27", "end": "00:09:30", "text": "I"}, {"start": "00:09:28", "end": "00:09:34", "text": "and I say it this way, I'll be gosh"}, {"start": "00:09:30", "end": "00:09:37", "text": "darned if I'm in a market where we have"}, {"start": "00:09:34", "end": "00:09:39", "text": "a significant amount of adoption and"}, {"start": "00:09:37", "end": "00:09:42", "text": "corporations and companies and"}, {"start": "00:09:39", "end": "00:09:44", "text": "governments all moving back into not"}, {"start": "00:09:42", "end": "00:09:45", "text": "even moving back into moving into the"}, {"start": "00:09:44", "end": "00:09:47", "text": "space."}, {"start": "00:09:45", "end": "00:09:50", "text": "And this doesn't provide us with the"}, {"start": "00:09:47", "end": "00:09:54", "text": "numbers that they told us."}, {"start": "00:09:50", "end": "00:09:56", "text": "So, if the next movement up cycle is"}, {"start": "00:09:54", "end": "00:09:59", "text": "basic or slow,"}, {"start": "00:09:56", "end": "00:10:01", "text": "I'm going to be a little bit uh"}, {"start": "00:09:59", "end": "00:10:03", "text": "peeved."}, {"start": "00:10:01", "end": "00:10:07", "text": "Chainlink has expanded its Ethereum"}, {"start": "00:10:03", "end": "00:10:08", "text": "treasury with the purchase of 5,000"}, {"start": "00:10:07", "end": "00:10:11", "text": "ETH"}, {"start": "00:10:08", "end": "00:10:12", "text": "valued at approximately 7.85 million US"}, {"start": "00:10:11", "end": "00:10:17", "text": "dollars."}, {"start": "00:10:12", "end": "00:10:20", "text": "According to on-chain analyst Ember CN"}, {"start": "00:10:17", "end": "00:10:22", "text": "Why not? Blockchain data from Arkham"}, {"start": "00:10:20", "end": "00:10:25", "text": "Intelligence shows the company received"}, {"start": "00:10:22", "end": "00:10:28", "text": "the Ethereum from Falcon X on What are"}, {"start": "00:10:25", "end": "00:10:30", "text": "these names? What is Ember CN?"}, {"start": "00:10:28", "end": "00:10:33", "text": "What's Falcon X? Is Falcon X a crypto"}, {"start": "00:10:30", "end": "00:10:33", "text": "exchange?"}, {"start": "00:10:34", "end": "00:10:37", "text": "That's a real That's a real question."}, {"start": "00:10:36", "end": "00:10:39", "text": "Don't Don't sit there and lie and say"}, {"start": "00:10:37", "end": "00:10:42", "text": "you know exactly what Falcon X is cuz"}, {"start": "00:10:39", "end": "00:10:43", "text": "you use them every single day. Okay."}, {"start": "00:10:42", "end": "00:10:45", "text": "The reported transaction marks"}, {"start": "00:10:43", "end": "00:10:49", "text": "Chainlink's first"}, {"start": "00:10:45", "end": "00:10:51", "text": "ether acquisition in 8 months"}, {"start": "00:10:49", "end": "00:10:53", "text": "and signals that the company continues"}, {"start": "00:10:51", "end": "00:10:54", "text": "to build its long-term Ethereum reserves"}, {"start": "00:10:53", "end": "00:10:57", "text": "despite"}, {"start": "00:10:54", "end": "00:10:59", "text": "weaker market conditions."}, {"start": "00:10:57", "end": "00:11:01", "text": "But this is normally"}, {"start": "00:10:59", "end": "00:11:02", "text": "uh what you do. There's so many articles"}, {"start": "00:11:01", "end": "00:11:05", "text": "in the crypto market that always say"}, {"start": "00:11:02", "end": "00:11:07", "text": "like even with prices low, they're still"}, {"start": "00:11:05", "end": "00:11:09", "text": "buying. Yeah, you you"}, {"start": "00:11:07", "end": "00:11:12", "text": "you buy low cuz then the price goes"}, {"start": "00:11:09", "end": "00:11:14", "text": "higher and you go, \"Yay!"}, {"start": "00:11:12", "end": "00:11:17", "text": "Profit.\""}, {"start": "00:11:14", "end": "00:11:19", "text": "According to Ember CN, whatever that is,"}, {"start": "00:11:17", "end": "00:11:21", "text": "the latest transfer follows Chainlink's"}, {"start": "00:11:19", "end": "00:11:24", "text": "previous Ethereum purchase in October."}, {"start": "00:11:21", "end": "00:11:28", "text": "Geez Louise, October 2025?"}, {"start": "00:11:24", "end": "00:11:31", "text": "When it acquired 19,270"}, {"start": "00:11:28", "end": "00:11:33", "text": "ETH worth about 78 million dollars."}, {"start": "00:11:31", "end": "00:11:34", "text": "Although the company has not publicly"}, {"start": "00:11:33", "end": "00:11:37", "text": "confirmed the latest acquisition, you"}, {"start": "00:11:34", "end": "00:11:42", "text": "can usually see what happens on chain."}, {"start": "00:11:37", "end": "00:11:42", "text": "Apparently, they now have 876,000"}, {"start": "00:11:43", "end": "00:11:48", "text": "ether"}, {"start": "00:11:44", "end": "00:11:51", "text": "valued at 1.3 billion US dollars."}, {"start": "00:11:48", "end": "00:11:53", "text": "Let's see if they also end up staking"}, {"start": "00:11:51", "end": "00:11:57", "text": "their coins as well. I mean, I I see no"}, {"start": "00:11:53", "end": "00:12:01", "text": "reason not to. I This is a personal"}, {"start": "00:11:57", "end": "00:12:03", "text": "thing. I can't imagine having 800,000 of"}, {"start": "00:12:01", "end": "00:12:05", "text": "anything and not staking it."}, {"start": "00:12:03", "end": "00:12:06", "text": "That uh"}, {"start": "00:12:05", "end": "00:12:07", "text": "that just doesn't uh make a lot of"}, {"start": "00:12:06", "end": "00:12:10", "text": "sense."}, {"start": "00:12:07", "end": "00:12:13", "text": "That's the Chainlink news. Yeah, we're"}, {"start": "00:12:10", "end": "00:12:15", "text": "seeing this once again, this like uh"}, {"start": "00:12:13", "end": "00:12:17", "text": "this re-conviction"}, {"start": "00:12:15", "end": "00:12:18", "text": "beginning to move back into the space"}, {"start": "00:12:17", "end": "00:12:20", "text": "where people are like, \"Whoa, whoa,"}, {"start": "00:12:18", "end": "00:12:22", "text": "whoa, you thought we were gone? No, we"}, {"start": "00:12:20", "end": "00:12:25", "text": "just waited 8 months to see where prices"}, {"start": "00:12:22", "end": "00:12:28", "text": "were going to go, but we're we're back."}, {"start": "00:12:25", "end": "00:12:32", "text": "We're back to buying again.\" Also,"}, {"start": "00:12:28", "end": "00:12:35", "text": "in uh quite popular news,"}, {"start": "00:12:32", "end": "00:12:37", "text": "MicroStrategy chairman, his name is"}, {"start": "00:12:35", "end": "00:12:40", "text": "Michael Saylor,"}, {"start": "00:12:37", "end": "00:12:43", "text": "has brushed off concerns"}, {"start": "00:12:40", "end": "00:12:45", "text": "about a potential pivot"}, {"start": "00:12:43", "end": "00:12:47", "text": "even as Bitcoin, it says, continues to"}, {"start": "00:12:45", "end": "00:12:48", "text": "tumble. You guys, okay, you can calm"}, {"start": "00:12:47", "end": "00:12:52", "text": "down there. Affirming that the company"}, {"start": "00:12:48", "end": "00:12:54", "text": "remains focused on the crypto asset."}, {"start": "00:12:52", "end": "00:12:56", "text": "The last 2 weeks, Michael Saylor and"}, {"start": "00:12:54", "end": "00:12:59", "text": "MicroStrategy have done"}, {"start": "00:12:56", "end": "00:13:01", "text": "a tremendous"}, {"start": "00:12:59", "end": "00:13:04", "text": "amount of damage control"}, {"start": "00:13:01", "end": "00:13:06", "text": "even despite"}, {"start": "00:13:04", "end": "00:13:08", "text": "proof"}, {"start": "00:13:06", "end": "00:13:09", "text": "It's I want to say rumors, but we know"}, {"start": "00:13:08", "end": "00:13:12", "text": "that they're going to."}, {"start": "00:13:09", "end": "00:13:14", "text": "Uh apparently, MicroStrategy is going to"}, {"start": "00:13:12", "end": "00:13:16", "text": "be selling"}, {"start": "00:13:14", "end": "00:13:19", "text": "up to"}, {"start": "00:13:16", "end": "00:13:20", "text": "around 1.25 million dollars worth of"}, {"start": "00:13:19", "end": "00:13:24", "text": "Bitcoin."}, {"start": "00:13:20", "end": "00:13:28", "text": "It's to uh re-raise their cash reserves"}, {"start": "00:13:24", "end": "00:13:31", "text": "and to bring back uh consumer confidence"}, {"start": "00:13:28", "end": "00:13:32", "text": "for their stock, which has now a 12%"}, {"start": "00:13:31", "end": "00:13:35", "text": "dividend."}, {"start": "00:13:32", "end": "00:13:37", "text": "Despite all of this,"}, {"start": "00:13:35", "end": "00:13:40", "text": "um they still say,"}, {"start": "00:13:37", "end": "00:13:42", "text": "\"Don't worry, y'all. Uh we're still back"}, {"start": "00:13:40", "end": "00:13:44", "text": "in the game.\" But, I mean, also they"}, {"start": "00:13:42", "end": "00:13:45", "text": "also said they're never going to sell"}, {"start": "00:13:44", "end": "00:13:47", "text": "Bitcoin and then they did, so it does"}, {"start": "00:13:45", "end": "00:13:50", "text": "just kind of something the words that"}, {"start": "00:13:47", "end": "00:13:53", "text": "people are saying. He said,"}, {"start": "00:13:50", "end": "00:13:54", "text": "\"Volatility tests every capital"}, {"start": "00:13:53", "end": "00:13:58", "text": "structure."}, {"start": "00:13:54", "end": "00:14:02", "text": "Strategy remains focused on Bitcoin."}, {"start": "00:13:58", "end": "00:14:05", "text": "Disciplined capital allocation.\" Okay."}, {"start": "00:14:02", "end": "00:14:06", "text": "\"Credit quality and long-term value"}, {"start": "00:14:05", "end": "00:14:09", "text": "creation."}, {"start": "00:14:06", "end": "00:14:12", "text": "We appreciate our investors and will"}, {"start": "00:14:09", "end": "00:14:14", "text": "continue to execute with transparency"}, {"start": "00:14:12", "end": "00:14:15", "text": "and resolve.\" That's a very nice way of"}, {"start": "00:14:14", "end": "00:14:18", "text": "saying,"}, {"start": "00:14:15", "end": "00:14:20", "text": "\"We ran out of monies. We're really"}, {"start": "00:14:18", "end": "00:14:22", "text": "sorry. We're going to sell some Bitcoin."}, {"start": "00:14:20", "end": "00:14:24", "text": "We won't do it again.\""}, {"start": "00:14:22", "end": "00:14:26", "text": "I told you before, they're probably"}, {"start": "00:14:24", "end": "00:14:29", "text": "going to or they should"}, {"start": "00:14:26", "end": "00:14:32", "text": "just pivot to a more"}, {"start": "00:14:29", "end": "00:14:34", "text": "slow-paced accumulation. The idea of a"}, {"start": "00:14:32", "end": "00:14:37", "text": "company, Sharplink, announcing they"}, {"start": "00:14:34", "end": "00:14:39", "text": "bought 5,000 ether, what was it, $17"}, {"start": "00:14:37", "end": "00:14:41", "text": "million? A"}, {"start": "00:14:39", "end": "00:14:43", "text": "golf clap. You know, that's a That's a"}, {"start": "00:14:41", "end": "00:14:45", "text": "healthy accumulation if you do this once"}, {"start": "00:14:43", "end": "00:14:49", "text": "a week, every 2 weeks, if you do this"}, {"start": "00:14:45", "end": "00:14:52", "text": "once a month. That's That's incredible."}, {"start": "00:14:49", "end": "00:14:55", "text": "We don't need to hear that a company has"}, {"start": "00:14:52", "end": "00:14:57", "text": "purchased 1.78934"}, {"start": "00:14:55", "end": "00:14:58", "text": "billion dollars worth of something every"}, {"start": "00:14:57", "end": "00:15:00", "text": "single month."}, {"start": "00:14:58", "end": "00:15:03", "text": "Pay off the dividend that you need to"}, {"start": "00:15:00", "end": "00:15:06", "text": "do. Purchase You You already have"}, {"start": "00:15:03", "end": "00:15:08", "text": "840,000"}, {"start": "00:15:06", "end": "00:15:11", "text": "Bitcoin."}, {"start": "00:15:08", "end": "00:15:13", "text": "I think you'll be okay if you only"}, {"start": "00:15:11", "end": "00:15:17", "text": "purchase like 50 million per month. You"}, {"start": "00:15:13", "end": "00:15:19", "text": "all You guys are still rich. So, yes,"}, {"start": "00:15:17", "end": "00:15:21", "text": "there's this like uh"}, {"start": "00:15:19", "end": "00:15:23", "text": "re-ignition"}, {"start": "00:15:21", "end": "00:15:25", "text": "that's popped back into the space and I"}, {"start": "00:15:23", "end": "00:15:28", "text": "mean in the last"}, {"start": "00:15:25", "end": "00:15:30", "text": "48 hours or so, everyone [laughter]"}, {"start": "00:15:28", "end": "00:15:32", "text": "is once again announcing"}, {"start": "00:15:30", "end": "00:15:35", "text": "you we're we're still here. We're going"}, {"start": "00:15:32", "end": "00:15:37", "text": "to be buying some more."}, {"start": "00:15:35", "end": "00:15:39", "text": "Tying"}, {"start": "00:15:37", "end": "00:15:41", "text": "directly"}, {"start": "00:15:39", "end": "00:15:44", "text": "into all of this, we had Sharplink,"}, {"start": "00:15:41", "end": "00:15:47", "text": "MicroStrategy, and now we have Grant"}, {"start": "00:15:44", "end": "00:15:49", "text": "Cardone. Grant Cardone announced"}, {"start": "00:15:47", "end": "00:15:51", "text": "last year?"}, {"start": "00:15:49", "end": "00:15:54", "text": "It definitely wasn't 2026. It was"}, {"start": "00:15:51", "end": "00:15:57", "text": "sometime last year that he is obsessed"}, {"start": "00:15:54", "end": "00:15:59", "text": "with Bitcoin. He thinks her hair is"}, {"start": "00:15:57", "end": "00:16:00", "text": "really pretty, and he wants to take her"}, {"start": "00:15:59", "end": "00:16:02", "text": "to the beach."}, {"start": "00:16:00", "end": "00:16:04", "text": "And basically"}, {"start": "00:16:02", "end": "00:16:05", "text": "No, no, this wasn't the company that was"}, {"start": "00:16:04", "end": "00:16:07", "text": "going to sell off their real estate, but"}, {"start": "00:16:05", "end": "00:16:10", "text": "if I remember correctly,"}, {"start": "00:16:07", "end": "00:16:13", "text": "uh Grant Cardone's real estate empire"}, {"start": "00:16:10", "end": "00:16:16", "text": "uses a portion of the money that they"}, {"start": "00:16:13", "end": "00:16:19", "text": "get from rental income, and they use"}, {"start": "00:16:16", "end": "00:16:21", "text": "that to buy up Bitcoin. That's what I"}, {"start": "00:16:19", "end": "00:16:23", "text": "remember from what I what have you. And"}, {"start": "00:16:21", "end": "00:16:25", "text": "they announced four or five days ago,"}, {"start": "00:16:23", "end": "00:16:27", "text": "Grant Cardone was like, \"I really love"}, {"start": "00:16:25", "end": "00:16:29", "text": "Bitcoin. The price went down. This is a"}, {"start": "00:16:27", "end": "00:16:31", "text": "great time to get in.\""}, {"start": "00:16:29", "end": "00:16:33", "text": "bababababababababoop"}, {"start": "00:16:31", "end": "00:16:36", "text": "Grant Cardone,"}, {"start": "00:16:33", "end": "00:16:39", "text": "CEO of Cardone Capital,"}, {"start": "00:16:36", "end": "00:16:42", "text": "used this week's crypto slide"}, {"start": "00:16:39", "end": "00:16:44", "text": "to restate the case for his Bitcoin and"}, {"start": "00:16:42", "end": "00:16:46", "text": "property model,"}, {"start": "00:16:44", "end": "00:16:48", "text": "saying the structure is designed to keep"}, {"start": "00:16:46", "end": "00:16:51", "text": "buying"}, {"start": "00:16:48", "end": "00:16:54", "text": "as prices fall. That's the normal."}, {"start": "00:16:51", "end": "00:16:55", "text": "That's how you do it uh sustainably."}, {"start": "00:16:54", "end": "00:16:58", "text": "This is why MicroStrategy had some"}, {"start": "00:16:55", "end": "00:17:01", "text": "issues. You In essence, for those of you"}, {"start": "00:16:58", "end": "00:17:04", "text": "who want to know how like rich people"}, {"start": "00:17:01", "end": "00:17:06", "text": "allocate their money into assets,"}, {"start": "00:17:04", "end": "00:17:10", "text": "you might have"}, {"start": "00:17:06", "end": "00:17:12", "text": "300, 400, 500,000 in the bank."}, {"start": "00:17:10", "end": "00:17:15", "text": "You don't dump all of that into one"}, {"start": "00:17:12", "end": "00:17:16", "text": "asset. What you would do"}, {"start": "00:17:15", "end": "00:17:18", "text": "is you would use it to buy something"}, {"start": "00:17:16", "end": "00:17:21", "text": "that gives you passive income. It can be"}, {"start": "00:17:18", "end": "00:17:23", "text": "stocks, it can be staking crypto, it can"}, {"start": "00:17:21", "end": "00:17:26", "text": "be real estate. But your money has to"}, {"start": "00:17:23", "end": "00:17:28", "text": "produce money. It must. Like this is"}, {"start": "00:17:26", "end": "00:17:29", "text": "like, you know, this is a must when it"}, {"start": "00:17:28", "end": "00:17:31", "text": "comes to investing."}, {"start": "00:17:29", "end": "00:17:33", "text": "The money then that you make from that"}, {"start": "00:17:31", "end": "00:17:36", "text": "real estate, from the stocks, or from"}, {"start": "00:17:33", "end": "00:17:40", "text": "whatever investment you have, you"}, {"start": "00:17:36", "end": "00:17:44", "text": "allocate that into the other asset."}, {"start": "00:17:40", "end": "00:17:46", "text": "So, you're tempted to throw all 500,000"}, {"start": "00:17:44", "end": "00:17:48", "text": "into crypto, and then crypto falls down"}, {"start": "00:17:46", "end": "00:17:50", "text": "and you've essentially made a loss."}, {"start": "00:17:48", "end": "00:17:53", "text": "You put it into another asset that"}, {"start": "00:17:50", "end": "00:17:56", "text": "produces you money, and it's not as"}, {"start": "00:17:53", "end": "00:17:57", "text": "uh fancy as being able to throw tons of"}, {"start": "00:17:56", "end": "00:18:00", "text": "money into it, but he of this guy has"}, {"start": "00:17:57", "end": "00:18:02", "text": "like a multi-billion dollar uh real"}, {"start": "00:18:00", "end": "00:18:05", "text": "estate portfolio. It's literally slow"}, {"start": "00:18:02", "end": "00:18:06", "text": "and steady that wins the race."}, {"start": "00:18:05", "end": "00:18:08", "text": "I've seen some of your comments. I'm"}, {"start": "00:18:06", "end": "00:18:11", "text": "very proud of a lot of you, truly."}, {"start": "00:18:08", "end": "00:18:13", "text": "Uh A, don't tell people how much crypto"}, {"start": "00:18:11", "end": "00:18:15", "text": "you have, but when you have written in"}, {"start": "00:18:13", "end": "00:18:17", "text": "the comments before, people write, \"I've"}, {"start": "00:18:15", "end": "00:18:19", "text": "been accumulating"}, {"start": "00:18:17", "end": "00:18:22", "text": "for the last 3 years. I finally I have"}, {"start": "00:18:19", "end": "00:18:24", "text": "0.1 Bitcoin.\" I've seen people say I"}, {"start": "00:18:22", "end": "00:18:26", "text": "have 0.28 Bitcoin. Like, you know, like"}, {"start": "00:18:24", "end": "00:18:28", "text": "the magic number."}, {"start": "00:18:26", "end": "00:18:31", "text": "That's That's how you do it."}, {"start": "00:18:28", "end": "00:18:33", "text": "We are used to kind of uh hearing that"}, {"start": "00:18:31", "end": "00:18:35", "text": "someone's a billionaire, but you don't"}, {"start": "00:18:33", "end": "00:18:38", "text": "understand that it took like"}, {"start": "00:18:35", "end": "00:18:39", "text": "27 and 1/2 years to actually get to that"}, {"start": "00:18:38", "end": "00:18:42", "text": "point. It was a slow and steady"}, {"start": "00:18:39", "end": "00:18:43", "text": "accumulation that got bigger. You bought"}, {"start": "00:18:42", "end": "00:18:46", "text": "assets that made you money. You used"}, {"start": "00:18:43", "end": "00:18:49", "text": "those assets to That's how I do it as"}, {"start": "00:18:46", "end": "00:18:50", "text": "well. Like from rental income, after I"}, {"start": "00:18:49", "end": "00:18:53", "text": "allocate a certain amount of money to"}, {"start": "00:18:50", "end": "00:18:54", "text": "side for the taxes, and then rest of it"}, {"start": "00:18:53", "end": "00:18:57", "text": "I go,"}, {"start": "00:18:54", "end": "00:19:00", "text": "\"Okay, let's buy some assets.\""}, {"start": "00:18:57", "end": "00:19:03", "text": "He said, \"I've consistently promoted"}, {"start": "00:19:00", "end": "00:19:07", "text": "combining Bitcoin to real assets and"}, {"start": "00:19:03", "end": "00:19:10", "text": "using cash flow from the real asset to"}, {"start": "00:19:07", "end": "00:19:12", "text": "dollar cost average into Bitcoin through"}, {"start": "00:19:10", "end": "00:19:14", "text": "its volatility."}, {"start": "00:19:12", "end": "00:19:19", "text": "We work to improve the cash flow of real"}, {"start": "00:19:14", "end": "00:19:22", "text": "estate and buy more Bitcoin as it falls."}, {"start": "00:19:19", "end": "00:19:24", "text": "Yeah. So, once again,"}, {"start": "00:19:22", "end": "00:19:27", "text": "um we have this like re-conviction kind"}, {"start": "00:19:24", "end": "00:19:30", "text": "of thing going on within the space."}, {"start": "00:19:27", "end": "00:19:34", "text": "I will tell you as"}, {"start": "00:19:30", "end": "00:19:37", "text": "um as I don't care to pat billionaires"}, {"start": "00:19:34", "end": "00:19:39", "text": "on the back uh for rushing into crypto"}, {"start": "00:19:37", "end": "00:19:40", "text": "when the rest of us are trying to make a"}, {"start": "00:19:39", "end": "00:19:43", "text": "buck."}, {"start": "00:19:40", "end": "00:19:45", "text": "It is nice to hear that these people"}, {"start": "00:19:43", "end": "00:19:46", "text": "haven't done an about-face and simply"}, {"start": "00:19:45", "end": "00:19:48", "text": "said,"}, {"start": "00:19:46", "end": "00:19:51", "text": "\"Bitcoin fell by 15%. I'm leaving the"}, {"start": "00:19:48", "end": "00:19:54", "text": "market forever.\" They also know what's"}, {"start": "00:19:51", "end": "00:19:57", "text": "going on, uh which also then and this"}, {"start": "00:19:54", "end": "00:20:00", "text": "isn't a tinfoil hat thing, which leads"}, {"start": "00:19:57", "end": "00:20:03", "text": "me very quickly to go to my uh"}, {"start": "00:20:00", "end": "00:20:04", "text": "futuristic expectations of price and be"}, {"start": "00:20:03", "end": "00:20:06", "text": "like,"}, {"start": "00:20:04", "end": "00:20:08", "text": "\"I know you're all planning on Bitcoin"}, {"start": "00:20:06", "end": "00:20:11", "text": "going to a million dollars. You don't"}, {"start": "00:20:08", "end": "00:20:13", "text": "have to lie, but yeah.\""}, {"start": "00:20:11", "end": "00:20:14", "text": "Everyone apparently is buying. We don't"}, {"start": "00:20:13", "end": "00:20:17", "text": "often"}, {"start": "00:20:14", "end": "00:20:19", "text": "we don't often get a Grant Cardone"}, {"start": "00:20:17", "end": "00:20:24", "text": "bought X amount of Bitcoin"}, {"start": "00:20:19", "end": "00:20:25", "text": "per month or poor poor or per"}, {"start": "00:20:24", "end": "00:20:26", "text": "uh uh"}, {"start": "00:20:25", "end": "00:20:29", "text": "uh like season or something like that,"}, {"start": "00:20:26", "end": "00:20:31", "text": "but we rest assured"}, {"start": "00:20:29", "end": "00:20:33", "text": "I assume it's several million every"}, {"start": "00:20:31", "end": "00:20:35", "text": "couple of months, what have you. Yeah."}, {"start": "00:20:33", "end": "00:20:38", "text": "That's the"}, {"start": "00:20:35", "end": "00:20:41", "text": "they're still buying news."}, {"start": "00:20:38", "end": "00:20:44", "text": "And okay-dokey."}, {"start": "00:20:41", "end": "00:20:44", "text": "Let's move on."}, {"start": "00:20:45", "end": "00:20:48", "text": "I'm going to try and be nice here as"}, {"start": "00:20:47", "end": "00:20:51", "text": "much as I can and if"}, {"start": "00:20:48", "end": "00:20:53", "text": "at some point I am un-nice, then just"}, {"start": "00:20:51", "end": "00:20:55", "text": "forgive me."}, {"start": "00:20:53", "end": "00:20:57", "text": "There are a lot of places right now on"}, {"start": "00:20:55", "end": "00:21:00", "text": "the planet who are trying to make uh"}, {"start": "00:20:57", "end": "00:21:03", "text": "cryptocurrency"}, {"start": "00:21:00", "end": "00:21:07", "text": "regulations in some form or manner."}, {"start": "00:21:03", "end": "00:21:10", "text": "Um I am of the belief because of logic"}, {"start": "00:21:07", "end": "00:21:11", "text": "a lot of these places are just not going"}, {"start": "00:21:10", "end": "00:21:14", "text": "to get it right."}, {"start": "00:21:11", "end": "00:21:16", "text": "And I mean, that's totally fine. I I If"}, {"start": "00:21:14", "end": "00:21:19", "text": "you don't remember my story I used to"}, {"start": "00:21:16", "end": "00:21:22", "text": "tell years ago cuz it's real."}, {"start": "00:21:19", "end": "00:21:25", "text": "The internet became popularer"}, {"start": "00:21:22", "end": "00:21:28", "text": "around like 1991 1992."}, {"start": "00:21:25", "end": "00:21:30", "text": "Most normal people, of course, didn't"}, {"start": "00:21:28", "end": "00:21:33", "text": "have it. It was because it was like a"}, {"start": "00:21:30", "end": "00:21:35", "text": "brand new thing. The earliest iterations"}, {"start": "00:21:33", "end": "00:21:38", "text": "of the internet for everyone popped up"}, {"start": "00:21:35", "end": "00:21:40", "text": "around '95. 1995, that's when we got"}, {"start": "00:21:38", "end": "00:21:43", "text": "Windows 95."}, {"start": "00:21:40", "end": "00:21:45", "text": "You would be shooketh to the core to"}, {"start": "00:21:43", "end": "00:21:47", "text": "know"}, {"start": "00:21:45", "end": "00:21:49", "text": "that there were multiple countries"}, {"start": "00:21:47", "end": "00:21:52", "text": "who thought about not adopting the"}, {"start": "00:21:49", "end": "00:21:54", "text": "internet."}, {"start": "00:21:52", "end": "00:21:56", "text": "It sounds insane now because we use it"}, {"start": "00:21:54", "end": "00:21:58", "text": "for everything."}, {"start": "00:21:56", "end": "00:22:00", "text": "But there were a number of nations, and"}, {"start": "00:21:58", "end": "00:22:02", "text": "France was one of them. Not that France"}, {"start": "00:22:00", "end": "00:22:04", "text": "is part of this news story, but France"}, {"start": "00:22:02", "end": "00:22:06", "text": "was one of the nations that in the other"}, {"start": "00:22:04", "end": "00:22:09", "text": "'92 or '93"}, {"start": "00:22:06", "end": "00:22:10", "text": "was reported. You can find news about it"}, {"start": "00:22:09", "end": "00:22:13", "text": "as not"}, {"start": "00:22:10", "end": "00:22:15", "text": "really wanting to adopt the internet."}, {"start": "00:22:13", "end": "00:22:17", "text": "The idea was kind of like we we don't"}, {"start": "00:22:15", "end": "00:22:19", "text": "really need this new thing."}, {"start": "00:22:17", "end": "00:22:21", "text": "Everyone doesn't need a computer. If you"}, {"start": "00:22:19", "end": "00:22:23", "text": "ever get a chance and find like like"}, {"start": "00:22:21", "end": "00:22:25", "text": "archival videos from the '90s of like"}, {"start": "00:22:23", "end": "00:22:28", "text": "like news when they're talking to people"}, {"start": "00:22:25", "end": "00:22:30", "text": "in the streets, they would ask people,"}, {"start": "00:22:28", "end": "00:22:33", "text": "\"Do you think you need a cell phone?\""}, {"start": "00:22:30", "end": "00:22:35", "text": "\"No, I mean, we have we have like phone"}, {"start": "00:22:33", "end": "00:22:36", "text": "booths and payphones like everywhere. I"}, {"start": "00:22:35", "end": "00:22:39", "text": "mean, I can just go home and and use a"}, {"start": "00:22:36", "end": "00:22:42", "text": "phone. I can walk into a deli. And I can"}, {"start": "00:22:39", "end": "00:22:44", "text": "use Like this is the the the a mindset."}, {"start": "00:22:42", "end": "00:22:45", "text": "But as everyone started having more"}, {"start": "00:22:44", "end": "00:22:46", "text": "phones and they became cheaper, people"}, {"start": "00:22:45", "end": "00:22:48", "text": "started using phones, and then"}, {"start": "00:22:46", "end": "00:22:49", "text": "eventually the internet integrated with"}, {"start": "00:22:48", "end": "00:22:52", "text": "it."}, {"start": "00:22:49", "end": "00:22:54", "text": "One of the earliest ideas was"}, {"start": "00:22:52", "end": "00:22:57", "text": "\"We have the mail."}, {"start": "00:22:54", "end": "00:22:59", "text": "We have airplanes. We have telephone.\""}, {"start": "00:22:57", "end": "00:23:03", "text": "Because the the the original usage of"}, {"start": "00:22:59", "end": "00:23:04", "text": "the internet wasn't what it is now. It"}, {"start": "00:23:03", "end": "00:23:06", "text": "was like writing term papers. There"}, {"start": "00:23:04", "end": "00:23:08", "text": "wasn't a Wikipedia, there wasn't a"}, {"start": "00:23:06", "end": "00:23:09", "text": "Google, so you couldn't really research"}, {"start": "00:23:08", "end": "00:23:12", "text": "anything."}, {"start": "00:23:09", "end": "00:23:15", "text": "Or you were able to use um"}, {"start": "00:23:12", "end": "00:23:16", "text": "AOL Instant Messenger or MSN. I know"}, {"start": "00:23:15", "end": "00:23:18", "text": "that just shocked a lot of you like, \"Oh"}, {"start": "00:23:16", "end": "00:23:19", "text": "my gosh, the memories.\" You were able to"}, {"start": "00:23:18", "end": "00:23:22", "text": "use that to like chat with people, but"}, {"start": "00:23:19", "end": "00:23:25", "text": "you could also do that over the phone."}, {"start": "00:23:22", "end": "00:23:27", "text": "So, as we move into a world where people"}, {"start": "00:23:25", "end": "00:23:29", "text": "are trying to figure out"}, {"start": "00:23:27", "end": "00:23:32", "text": "uh crypto regulations, once again, a lot"}, {"start": "00:23:29", "end": "00:23:35", "text": "of people aren't going to get it right."}, {"start": "00:23:32", "end": "00:23:38", "text": "Which is totally fine because capital"}, {"start": "00:23:35", "end": "00:23:42", "text": "told us ends up moving somewhere else."}, {"start": "00:23:38", "end": "00:23:44", "text": "What we have now is a bit of a"}, {"start": "00:23:42", "end": "00:23:47", "text": "a heavy struggle"}, {"start": "00:23:44", "end": "00:23:50", "text": "between what has always been and what"}, {"start": "00:23:47", "end": "00:23:52", "text": "people want it to be."}, {"start": "00:23:50", "end": "00:23:54", "text": "The idea of people wanting quick,"}, {"start": "00:23:52", "end": "00:23:56", "text": "instantaneous, fast payments took a long"}, {"start": "00:23:54", "end": "00:23:58", "text": "time to finally get to."}, {"start": "00:23:56", "end": "00:24:00", "text": "But even then, there's still like some,"}, {"start": "00:23:58", "end": "00:24:01", "text": "you know, some issues behind the scenes"}, {"start": "00:24:00", "end": "00:24:03", "text": "because of the old system and how things"}, {"start": "00:24:01", "end": "00:24:05", "text": "actually work."}, {"start": "00:24:03", "end": "00:24:07", "text": "The idea of who can mine crypto, who can"}, {"start": "00:24:05", "end": "00:24:09", "text": "create crypto, who can own it, who can"}, {"start": "00:24:07", "end": "00:24:12", "text": "hold it, who can send it, and even the"}, {"start": "00:24:09", "end": "00:24:14", "text": "barriers as to like who should be"}, {"start": "00:24:12", "end": "00:24:15", "text": "allowed to."}, {"start": "00:24:14", "end": "00:24:18", "text": "These are the things that a lot of"}, {"start": "00:24:15", "end": "00:24:20", "text": "countries aren't going to get right."}, {"start": "00:24:18", "end": "00:24:23", "text": "I assume this is Okay, last thought on"}, {"start": "00:24:20", "end": "00:24:25", "text": "this. What I assume is going to happen,"}, {"start": "00:24:23", "end": "00:24:28", "text": "this is an assumption,"}, {"start": "00:24:25", "end": "00:24:29", "text": "is that by the time Bitcoin gets too big"}, {"start": "00:24:28", "end": "00:24:31", "text": "to fail,"}, {"start": "00:24:29", "end": "00:24:34", "text": "by the time Bitcoin's at at around"}, {"start": "00:24:31", "end": "00:24:36", "text": "500,000 to a million,"}, {"start": "00:24:34", "end": "00:24:39", "text": "other countries are going to have to"}, {"start": "00:24:36", "end": "00:24:41", "text": "like snap into place and make it"}, {"start": "00:24:39", "end": "00:24:42", "text": "better"}, {"start": "00:24:41", "end": "00:24:45", "text": "because otherwise capital will flow"}, {"start": "00:24:42", "end": "00:24:47", "text": "other places."}, {"start": "00:24:45", "end": "00:24:51", "text": "The Bank of England"}, {"start": "00:24:47", "end": "00:24:54", "text": "has softened its proposed framework for"}, {"start": "00:24:51", "end": "00:24:57", "text": "systemic sterling stable coins,"}, {"start": "00:24:54", "end": "00:24:59", "text": "dropping individual holding limits,"}, {"start": "00:24:57", "end": "00:25:02", "text": "and replacing them with a planned"}, {"start": "00:24:59", "end": "00:25:04", "text": "aggregate cap on issuance by each"}, {"start": "00:25:02", "end": "00:25:06", "text": "systemic issuer."}, {"start": "00:25:04", "end": "00:25:08", "text": "The idea for those of you who don't know"}, {"start": "00:25:06", "end": "00:25:09", "text": "is that countries are afraid of this"}, {"start": "00:25:08", "end": "00:25:13", "text": "kind of"}, {"start": "00:25:09", "end": "00:25:15", "text": "uh them losing control of it."}, {"start": "00:25:13", "end": "00:25:17", "text": "We've lived in a world for quite some"}, {"start": "00:25:15", "end": "00:25:18", "text": "time now where the people in the big"}, {"start": "00:25:17", "end": "00:25:21", "text": "building"}, {"start": "00:25:18", "end": "00:25:23", "text": "they cut the paper, they put the ink,"}, {"start": "00:25:21", "end": "00:25:27", "text": "they say that this is money."}, {"start": "00:25:23", "end": "00:25:31", "text": "If you have a world where Amazon, Apple,"}, {"start": "00:25:27", "end": "00:25:33", "text": "Google, et cetera are able to make their"}, {"start": "00:25:31", "end": "00:25:35", "text": "own coins"}, {"start": "00:25:33", "end": "00:25:38", "text": "and the public uses them"}, {"start": "00:25:35", "end": "00:25:39", "text": "the power then shifts essentially from"}, {"start": "00:25:38", "end": "00:25:41", "text": "the governments to the hands of the"}, {"start": "00:25:39", "end": "00:25:43", "text": "companies."}, {"start": "00:25:41", "end": "00:25:45", "text": "The idea of the average person, you"}, {"start": "00:25:43", "end": "00:25:47", "text": "might not have seen and a lot of times I"}, {"start": "00:25:45", "end": "00:25:49", "text": "don't bring you the news because it's"}, {"start": "00:25:47", "end": "00:25:53", "text": "not exceptionally relevant. There've"}, {"start": "00:25:49", "end": "00:25:55", "text": "been multiple countries this year"}, {"start": "00:25:53", "end": "00:25:57", "text": "who have announced that they're like"}, {"start": "00:25:55", "end": "00:25:59", "text": "completely banning the public from"}, {"start": "00:25:57", "end": "00:26:01", "text": "actually owning crypto. Not even like"}, {"start": "00:25:59", "end": "00:26:04", "text": "you can't make your own stable coin."}, {"start": "00:26:01", "end": "00:26:07", "text": "It's like you, the public, cannot own"}, {"start": "00:26:04", "end": "00:26:09", "text": "this, you will go to jail."}, {"start": "00:26:07", "end": "00:26:10", "text": "Then there are other It's real, you can"}, {"start": "00:26:09", "end": "00:26:13", "text": "Google it. There are other countries who"}, {"start": "00:26:10", "end": "00:26:14", "text": "have announced that um if you are a"}, {"start": "00:26:13", "end": "00:26:17", "text": "normal citizen"}, {"start": "00:26:14", "end": "00:26:19", "text": "you cannot"}, {"start": "00:26:17", "end": "00:26:22", "text": "buy or hold"}, {"start": "00:26:19", "end": "00:26:24", "text": "more than $3,000"}, {"start": "00:26:22", "end": "00:26:26", "text": "worth of of crypto. You will get in"}, {"start": "00:26:24", "end": "00:26:26", "text": "trouble."}, {"start": "00:26:27", "end": "00:26:33", "text": "Yes, that is also a a real thing. It's"}, {"start": "00:26:30", "end": "00:26:35", "text": "completely insane. But"}, {"start": "00:26:33", "end": "00:26:38", "text": "we have buses, we have trains, we have"}, {"start": "00:26:35", "end": "00:26:39", "text": "automobiles, we have planes. And money"}, {"start": "00:26:38", "end": "00:26:42", "text": "and capital will simply move somewhere"}, {"start": "00:26:39", "end": "00:26:43", "text": "else where it's not as restricted."}, {"start": "00:26:42", "end": "00:26:45", "text": "So"}, {"start": "00:26:43", "end": "00:26:46", "text": "a number of governments right now are"}, {"start": "00:26:45", "end": "00:26:48", "text": "announcing, basically they're"}, {"start": "00:26:46", "end": "00:26:50", "text": "anticipating"}, {"start": "00:26:48", "end": "00:26:52", "text": "knowledgeably"}, {"start": "00:26:50", "end": "00:26:54", "text": "that the corporation coins, stable coins"}, {"start": "00:26:52", "end": "00:26:57", "text": "would completely"}, {"start": "00:26:54", "end": "00:26:59", "text": "out balance anything that they currently"}, {"start": "00:26:57", "end": "00:27:01", "text": "have and would become more attractive."}, {"start": "00:26:59", "end": "00:27:03", "text": "So, now they're putting limits and caps."}, {"start": "00:27:01", "end": "00:27:05", "text": "The idea of like an individual holder"}, {"start": "00:27:03", "end": "00:27:08", "text": "limit."}, {"start": "00:27:05", "end": "00:27:10", "text": "Imagine Imagine someone said,"}, {"start": "00:27:08", "end": "00:27:13", "text": "\"Oh, yeah, we we see your bank account"}, {"start": "00:27:10", "end": "00:27:14", "text": "actually has uh 7,000 in it. You got to"}, {"start": "00:27:13", "end": "00:27:16", "text": "You got to get rid of some of it. You"}, {"start": "00:27:14", "end": "00:27:18", "text": "can't have all that money or we're going"}, {"start": "00:27:16", "end": "00:27:20", "text": "to take some from you.\""}, {"start": "00:27:18", "end": "00:27:22", "text": "Uh-huh. The same exact thing when it"}, {"start": "00:27:20", "end": "00:27:25", "text": "comes to issuing it."}, {"start": "00:27:22", "end": "00:27:27", "text": "The Bank of England has moved away from"}, {"start": "00:27:25", "end": "00:27:28", "text": "proposed individual stablecoin holding"}, {"start": "00:27:27", "end": "00:27:30", "text": "limits."}, {"start": "00:27:28", "end": "00:27:32", "text": "The revised framework points to a"}, {"start": "00:27:30", "end": "00:27:36", "text": "temporary"}, {"start": "00:27:32", "end": "00:27:39", "text": "40 billion pound issuance cap per"}, {"start": "00:27:36", "end": "00:27:41", "text": "systemic stablecoin issuer."}, {"start": "00:27:39", "end": "00:27:45", "text": "Issuers would also be allowed to hold a"}, {"start": "00:27:41", "end": "00:27:47", "text": "large share of reserves in short-term UK"}, {"start": "00:27:45", "end": "00:27:50", "text": "government debt. That's what they mainly"}, {"start": "00:27:47", "end": "00:27:51", "text": "want. It's the same exact thing with"}, {"start": "00:27:50", "end": "00:27:54", "text": "Tether and these companies holding US"}, {"start": "00:27:51", "end": "00:27:57", "text": "Treasuries. They realized that fiat"}, {"start": "00:27:54", "end": "00:27:59", "text": "currency is kind of wobbly in a very"}, {"start": "00:27:57", "end": "00:28:01", "text": "simple way to be able to say, \"Well, you"}, {"start": "00:27:59", "end": "00:28:04", "text": "can definitely do A, B, and C."}, {"start": "00:28:01", "end": "00:28:06", "text": "You have to hold our debt. You have to"}, {"start": "00:28:04", "end": "00:28:09", "text": "hold this. You have to buy something"}, {"start": "00:28:06", "end": "00:28:13", "text": "that will lift up the local currency in"}, {"start": "00:28:09", "end": "00:28:15", "text": "some form or uh manner.\" The rules are"}, {"start": "00:28:13", "end": "00:28:19", "text": "all still part of a regulatory process,"}, {"start": "00:28:15", "end": "00:28:21", "text": "not a live retail stablecoin launch."}, {"start": "00:28:19", "end": "00:28:24", "text": "For the market, the reserve change is"}, {"start": "00:28:21", "end": "00:28:27", "text": "also important. Stablecoin issuers"}, {"start": "00:28:24", "end": "00:28:29", "text": "generally need some yield on backing"}, {"start": "00:28:27", "end": "00:28:31", "text": "assets to make the business viable."}, {"start": "00:28:29", "end": "00:28:32", "text": "Requiring too much cash to sit idle at"}, {"start": "00:28:31", "end": "00:28:35", "text": "the central bank could weaken the"}, {"start": "00:28:32", "end": "00:28:38", "text": "economics of issuance while too little"}, {"start": "00:28:35", "end": "00:28:40", "text": "liquidity could create redemption risk."}, {"start": "00:28:38", "end": "00:28:44", "text": "The bank's revised split is an attempt"}, {"start": "00:28:40", "end": "00:28:46", "text": "to balance those two pressures. Um once"}, {"start": "00:28:44", "end": "00:28:48", "text": "again, I I told you I'm going to try be"}, {"start": "00:28:46", "end": "00:28:48", "text": "nice here."}, {"start": "00:28:48", "end": "00:28:56", "text": "I think that often there are places that"}, {"start": "00:28:52", "end": "00:29:00", "text": "believe that if they do something uh"}, {"start": "00:28:56", "end": "00:29:03", "text": "that other people will fall in line."}, {"start": "00:29:00", "end": "00:29:07", "text": "I have a very easy prediction"}, {"start": "00:29:03", "end": "00:29:10", "text": "that we're going to see the majority of"}, {"start": "00:29:07", "end": "00:29:14", "text": "stablecoins that take off, not issuance,"}, {"start": "00:29:10", "end": "00:29:15", "text": "that take off will probably be from"}, {"start": "00:29:14", "end": "00:29:18", "text": "uh the United States"}, {"start": "00:29:15", "end": "00:29:20", "text": "and many of them from Asia as well,"}, {"start": "00:29:18", "end": "00:29:24", "text": "particularly within uh South Korea and"}, {"start": "00:29:20", "end": "00:29:26", "text": "in Japan. Uh no company is going to go"}, {"start": "00:29:24", "end": "00:29:29", "text": "for a capped issuance rate, even if it"}, {"start": "00:29:26", "end": "00:29:32", "text": "is only temporary. As we are expecting"}, {"start": "00:29:29", "end": "00:29:36", "text": "the stablecoin market to rise to about"}, {"start": "00:29:32", "end": "00:29:38", "text": "5, 10, 15 trillion dollars within 3 and"}, {"start": "00:29:36", "end": "00:29:40", "text": "1/2 years. This is what we've been"}, {"start": "00:29:38", "end": "00:29:42", "text": "hearing."}, {"start": "00:29:40", "end": "00:29:43", "text": "So, a lot of times there's been and I've"}, {"start": "00:29:42", "end": "00:29:44", "text": "said this over the years, this isn't"}, {"start": "00:29:43", "end": "00:29:46", "text": "brand new, you can watch my other"}, {"start": "00:29:44", "end": "00:29:49", "text": "videos."}, {"start": "00:29:46", "end": "00:29:51", "text": "The UK has a thing where they keep uh"}, {"start": "00:29:49", "end": "00:29:52", "text": "trying to make crypto rules and"}, {"start": "00:29:51", "end": "00:29:54", "text": "regulations. This was also something,"}, {"start": "00:29:52", "end": "00:29:56", "text": "this was 2018."}, {"start": "00:29:54", "end": "00:30:01", "text": "The UK had a ban, they might still have"}, {"start": "00:29:56", "end": "00:30:04", "text": "it, who can knows. The UK had a ban on"}, {"start": "00:30:01", "end": "00:30:06", "text": "uh crypto company advertisements."}, {"start": "00:30:04", "end": "00:30:09", "text": "There was a ban on like Coinbase could"}, {"start": "00:30:06", "end": "00:30:11", "text": "not advertise, like join Coinbase."}, {"start": "00:30:09", "end": "00:30:13", "text": "They didn't say buy Bitcoin, they didn't"}, {"start": "00:30:11", "end": "00:30:15", "text": "say buy Ethereum, they didn't say XRP is"}, {"start": "00:30:13", "end": "00:30:17", "text": "going to make you a trillionaire. They"}, {"start": "00:30:15", "end": "00:30:20", "text": "couldn't have any ads on buses, in the"}, {"start": "00:30:17", "end": "00:30:21", "text": "metro, nowhere."}, {"start": "00:30:20", "end": "00:30:23", "text": "So,"}, {"start": "00:30:21", "end": "00:30:26", "text": "what ended up happening was that these"}, {"start": "00:30:23", "end": "00:30:27", "text": "companies just kind of moved elsewhere."}, {"start": "00:30:26", "end": "00:30:29", "text": "And I remember saying in that video, I"}, {"start": "00:30:27", "end": "00:30:31", "text": "said that's so weird because they're"}, {"start": "00:30:29", "end": "00:30:34", "text": "trying to discourage people from getting"}, {"start": "00:30:31", "end": "00:30:36", "text": "into crypto. This is before stablecoins."}, {"start": "00:30:34", "end": "00:30:39", "text": "Trying to discourage people"}, {"start": "00:30:36", "end": "00:30:42", "text": "from getting into crypto, but"}, {"start": "00:30:39", "end": "00:30:44", "text": "the banks have ads as wide as a house"}, {"start": "00:30:42", "end": "00:30:47", "text": "that tells you to get a mortgage with a"}, {"start": "00:30:44", "end": "00:30:49", "text": "9% uh loan on it. It says nothing about"}, {"start": "00:30:47", "end": "00:30:51", "text": "the risks."}, {"start": "00:30:49", "end": "00:30:54", "text": "They're ads everywhere. I've seen them."}, {"start": "00:30:51", "end": "00:30:56", "text": "Buy gold. You want You want some money?"}, {"start": "00:30:54", "end": "00:30:58", "text": "Buy gold. And it's like, well, gold also"}, {"start": "00:30:56", "end": "00:31:00", "text": "has a risk as well. Gold's price can"}, {"start": "00:30:58", "end": "00:31:02", "text": "also go up, but it can also definitely"}, {"start": "00:31:00", "end": "00:31:04", "text": "go down."}, {"start": "00:31:02", "end": "00:31:07", "text": "So, anyway, um"}, {"start": "00:31:04", "end": "00:31:09", "text": "it's not that this wasn't popular news,"}, {"start": "00:31:07", "end": "00:31:10", "text": "but it was it was it was some places and"}, {"start": "00:31:09", "end": "00:31:13", "text": "people were definitely"}, {"start": "00:31:10", "end": "00:31:16", "text": "uh discussing it because"}, {"start": "00:31:13", "end": "00:31:19", "text": "we are at the point where"}, {"start": "00:31:16", "end": "00:31:22", "text": "you got to kind of get it right or"}, {"start": "00:31:19", "end": "00:31:24", "text": "people will literally This isn't a joke."}, {"start": "00:31:22", "end": "00:31:27", "text": "They'll go to the US."}, {"start": "00:31:24", "end": "00:31:29", "text": "They'll go to Brazil, which has very"}, {"start": "00:31:27", "end": "00:31:31", "text": "lovely crypto regulations."}, {"start": "00:31:29", "end": "00:31:33", "text": "Uh they'll go to Dubai."}, {"start": "00:31:31", "end": "00:31:36", "text": "They'll go to Singapore. There are other"}, {"start": "00:31:33", "end": "00:31:38", "text": "places where you can become rich."}, {"start": "00:31:36", "end": "00:31:42", "text": "Um and if"}, {"start": "00:31:38", "end": "00:31:45", "text": "this future of crypto takes off,"}, {"start": "00:31:42", "end": "00:31:48", "text": "if we hear of this world where uh"}, {"start": "00:31:45", "end": "00:31:49", "text": "stablecoins become the brand new thing,"}, {"start": "00:31:48", "end": "00:31:51", "text": "in 10 years you're going to have to then"}, {"start": "00:31:49", "end": "00:31:55", "text": "change your laws again, but I understand"}, {"start": "00:31:51", "end": "00:31:57", "text": "it's basically to try and protect the"}, {"start": "00:31:55", "end": "00:32:00", "text": "sovereignty and lack of strength of your"}, {"start": "00:31:57", "end": "00:32:01", "text": "local currency, but"}, {"start": "00:32:00", "end": "00:32:06", "text": "there are other ways of doing it."}, {"start": "00:32:01", "end": "00:32:09", "text": "Anyway, wow, cool regulations. I didn't"}, {"start": "00:32:06", "end": "00:32:11", "text": "I didn't know we still had those."}, {"start": "00:32:09", "end": "00:32:13", "text": "Hope everyone's been doing well. Hope"}, {"start": "00:32:11", "end": "00:32:16", "text": "everyone's been"}, {"start": "00:32:13", "end": "00:32:18", "text": "finding a way to bear the heat in some"}, {"start": "00:32:16", "end": "00:32:21", "text": "sort of way. I've seen some of your"}, {"start": "00:32:18", "end": "00:32:23", "text": "comments. Um please drink water. Please"}, {"start": "00:32:21", "end": "00:32:25", "text": "stay in the shade."}, {"start": "00:32:23", "end": "00:32:27", "text": "If you don't have to go outside, don't"}, {"start": "00:32:25", "end": "00:32:28", "text": "or go out later in the day."}, {"start": "00:32:27", "end": "00:32:30", "text": "Uh"}, {"start": "00:32:28", "end": "00:32:32", "text": "many people I know, I mean, after like"}, {"start": "00:32:30", "end": "00:32:34", "text": "8:00"}, {"start": "00:32:32", "end": "00:32:35", "text": "the sun's the sun's down, you know, it"}, {"start": "00:32:34", "end": "00:32:40", "text": "gets a lot cooler."}, {"start": "00:32:35", "end": "00:32:42", "text": "Um yeah, That's That's what summer does."}, {"start": "00:32:40", "end": "00:32:44", "text": "It brings hot weather."}, {"start": "00:32:42", "end": "00:32:46", "text": "And gosh darn it, I can't stand it. Uh,"}, {"start": "00:32:44", "end": "00:32:48", "text": "hope you all enjoyed."}, {"start": "00:32:46", "end": "00:32:50", "text": "Hope you all are having a great day,"}, {"start": "00:32:48", "end": "00:32:53", "text": "morning, afternoon, evening, wherever"}, {"start": "00:32:50", "end": "00:32:55", "text": "you are, wherever you might be. I do"}, {"start": "00:32:53", "end": "00:32:57", "text": "hope it's absolutely fantastic."}, {"start": "00:32:55", "end": "00:32:59", "text": "Thank you all once again for watching,"}, {"start": "00:32:57", "end": "00:33:01", "text": "listening, liking, commenting, and"}, {"start": "00:32:59", "end": "00:33:04", "text": "supporting, and I will"}, {"start": "00:33:01", "end": "00:33:06", "text": "most certainly be talking"}, {"start": "00:33:04", "end": "00:33:10", "text": "to you all soon."}, {"start": "00:33:06", "end": "00:33:10", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:10", "text": "Hello everybody."}, {"start": "00:00:05", "end": "00:00:14", "text": "Welcome back to the channel"}, {"start": "00:00:10", "end": "00:00:18", "text": "where we also here also go over things."}, {"start": "00:00:14", "end": "00:00:22", "text": "Uh hope you're all doing well and that"}, {"start": "00:00:18", "end": "00:00:27", "text": "you're all having a fantastic day."}, {"start": "00:00:22", "end": "00:00:32", "text": "A very big thank you to Gypsy Queen,"}, {"start": "00:00:27", "end": "00:00:36", "text": "Trent Jackson, Gilboa Snake, and Finley"}, {"start": "00:00:32", "end": "00:00:38", "text": "Bass. A very big thank you to my Patreon"}, {"start": "00:00:36", "end": "00:00:40", "text": "supporters."}, {"start": "00:00:38", "end": "00:00:44", "text": "Don't forget to leave a like on the"}, {"start": "00:00:40", "end": "00:00:47", "text": "video. It helps out the channel a lot."}, {"start": "00:00:44", "end": "00:00:52", "text": "Very big thank you to everyone who is a"}, {"start": "00:00:47", "end": "00:00:55", "text": "clicker of affiliate links. Yeah,"}, {"start": "00:00:52", "end": "00:00:58", "text": "without any further ado,"}, {"start": "00:00:55", "end": "00:01:02", "text": "let's jump right into it. We're in a"}, {"start": "00:00:58", "end": "00:01:04", "text": "very weird market. We're in a very weird"}, {"start": "00:01:02", "end": "00:01:09", "text": "space."}, {"start": "00:01:04", "end": "00:01:14", "text": "We are in what can only be described"}, {"start": "00:01:09", "end": "00:01:20", "text": "as an enormous amount of adoption,"}, {"start": "00:01:14", "end": "00:01:24", "text": "usage, looking at edge of crypto in some"}, {"start": "00:01:20", "end": "00:01:27", "text": "form or fashion. We are constantly and"}, {"start": "00:01:24", "end": "00:01:29", "text": "have been for years. We've been"}, {"start": "00:01:27", "end": "00:01:32", "text": "bombarded"}, {"start": "00:01:29", "end": "00:01:35", "text": "bombarded with news about adoption,"}, {"start": "00:01:32", "end": "00:01:40", "text": "about usage, especially this year as"}, {"start": "00:01:35", "end": "00:01:43", "text": "well. Last year was quite"}, {"start": "00:01:40", "end": "00:01:45", "text": "particular in that we heard that there"}, {"start": "00:01:43", "end": "00:01:48", "text": "were a number of countries"}, {"start": "00:01:45", "end": "00:01:51", "text": "who had begun to adopt cryptocurrencies"}, {"start": "00:01:48", "end": "00:01:55", "text": "in some form or fashion."}, {"start": "00:01:51", "end": "00:01:57", "text": "I'm I'm I'm trying to place my words"}, {"start": "00:01:55", "end": "00:02:01", "text": "properly so that they don't come out"}, {"start": "00:01:57", "end": "00:02:03", "text": "completely unhinged and insane."}, {"start": "00:02:01", "end": "00:02:06", "text": "The adoption levels that we've been told"}, {"start": "00:02:03", "end": "00:02:11", "text": "have been quite staggering. This also uh"}, {"start": "00:02:06", "end": "00:02:14", "text": "plays directly into the part and idea of"}, {"start": "00:02:11", "end": "00:02:17", "text": "whatever might be happening with prices."}, {"start": "00:02:14", "end": "00:02:20", "text": "The last few days I I I feel I've been"}, {"start": "00:02:17", "end": "00:02:22", "text": "on a roll of sorts. uh going through the"}, {"start": "00:02:20", "end": "00:02:26", "text": "cryptocurrency motions trying to figure"}, {"start": "00:02:22", "end": "00:02:30", "text": "out exactly what's supposed to be taking"}, {"start": "00:02:26", "end": "00:02:33", "text": "place. Part of the promise that we were"}, {"start": "00:02:30", "end": "00:02:36", "text": "given by these large companies and"}, {"start": "00:02:33", "end": "00:02:38", "text": "institutions and governmental bodies was"}, {"start": "00:02:36", "end": "00:02:40", "text": "that that"}, {"start": "00:02:38", "end": "00:02:43", "text": "the adoption levels would of course"}, {"start": "00:02:40", "end": "00:02:47", "text": "equate into higher prices."}, {"start": "00:02:43", "end": "00:02:49", "text": "There was just someone online"}, {"start": "00:02:47", "end": "00:02:52", "text": "who was going over and discussing how"}, {"start": "00:02:49", "end": "00:02:55", "text": "they couldn't figure out how the"}, {"start": "00:02:52", "end": "00:02:57", "text": "adoption levels of crypto by so many"}, {"start": "00:02:55", "end": "00:03:00", "text": "countries"}, {"start": "00:02:57", "end": "00:03:02", "text": "uh couldn't have translated into"}, {"start": "00:03:00", "end": "00:03:04", "text": "something at this point. I don't have"}, {"start": "00:03:02", "end": "00:03:05", "text": "the chart here and I I mean it just"}, {"start": "00:03:04", "end": "00:03:08", "text": "popped into my head. I don't even know"}, {"start": "00:03:05", "end": "00:03:10", "text": "what the what to look for. Someone"}, {"start": "00:03:08", "end": "00:03:15", "text": "posted something and they were showing"}, {"start": "00:03:10", "end": "00:03:19", "text": "cryptocurrency prices in 2021"}, {"start": "00:03:15", "end": "00:03:22", "text": "and cryptocurrency prices now."}, {"start": "00:03:19", "end": "00:03:25", "text": "And basically uh many"}, {"start": "00:03:22", "end": "00:03:28", "text": "many coins are actually like lower in"}, {"start": "00:03:25", "end": "00:03:31", "text": "price now than they were back in 2021."}, {"start": "00:03:28", "end": "00:03:34", "text": "The weirdest part is is that you know"}, {"start": "00:03:31", "end": "00:03:34", "text": "adoption"}, {"start": "00:03:34", "end": "00:03:39", "text": "when you have news and once again I'm"}, {"start": "00:03:37", "end": "00:03:42", "text": "I'm certain one of you out there is able"}, {"start": "00:03:39", "end": "00:03:44", "text": "to explain this to me. I'm certain you"}, {"start": "00:03:42", "end": "00:03:46", "text": "have some kind of a chart or you can"}, {"start": "00:03:44", "end": "00:03:48", "text": "show me some graph somewhere with some"}, {"start": "00:03:46", "end": "00:03:50", "text": "lines going up and down. That's not a"}, {"start": "00:03:48", "end": "00:03:52", "text": "joke. That is you know sometimes uh we"}, {"start": "00:03:50", "end": "00:03:55", "text": "we need things spelled out to us because"}, {"start": "00:03:52", "end": "00:03:59", "text": "they just don't make any gosh darn sense"}, {"start": "00:03:55", "end": "00:04:00", "text": "otherwise. how we could at this point"}, {"start": "00:03:59", "end": "00:04:02", "text": "have"}, {"start": "00:04:00", "end": "00:04:04", "text": "adoption from and you're going to see"}, {"start": "00:04:02", "end": "00:04:07", "text": "the number and you're also going to"}, {"start": "00:04:04", "end": "00:04:10", "text": "begin to scratch your head."}, {"start": "00:04:07", "end": "00:04:12", "text": "I have always assumed that adoption"}, {"start": "00:04:10", "end": "00:04:15", "text": "personally meant higher prices in some"}, {"start": "00:04:12", "end": "00:04:18", "text": "form or fashion. Stay stay with me here."}, {"start": "00:04:15", "end": "00:04:20", "text": "It's going to get good. Remember how we"}, {"start": "00:04:18", "end": "00:04:22", "text": "went over this was maybe two three weeks"}, {"start": "00:04:20", "end": "00:04:24", "text": "ago. I was discussing something similar"}, {"start": "00:04:22", "end": "00:04:26", "text": "about this because we were talking about"}, {"start": "00:04:24", "end": "00:04:29", "text": "adoption levels and something was in the"}, {"start": "00:04:26", "end": "00:04:31", "text": "news with Bitmine buying up Ethereum."}, {"start": "00:04:29", "end": "00:04:33", "text": "There was some news about Michael Sailor"}, {"start": "00:04:31", "end": "00:04:36", "text": "being like, \"Oh, no, no, no, no, no, no,"}, {"start": "00:04:33", "end": "00:04:38", "text": "S. We only we only buy Bitcoin here.\""}, {"start": "00:04:36", "end": "00:04:42", "text": "And I was saying,"}, {"start": "00:04:38", "end": "00:04:46", "text": "I can't imagine if we heard news from"}, {"start": "00:04:42", "end": "00:04:48", "text": "Apple, if we heard news from Amazon, I"}, {"start": "00:04:46", "end": "00:04:52", "text": "mean really any mega company at this"}, {"start": "00:04:48", "end": "00:04:55", "text": "point. if Nvidia was in the news because"}, {"start": "00:04:52", "end": "00:04:58", "text": "seven I'll give you the good number"}, {"start": "00:04:55", "end": "00:05:00", "text": "seven seven countries had announced that"}, {"start": "00:04:58", "end": "00:05:04", "text": "they were going to be buying not only"}, {"start": "00:05:00", "end": "00:05:06", "text": "Nvidia's stock but also basically around"}, {"start": "00:05:04", "end": "00:05:08", "text": "30 to 40% of all the chips that they"}, {"start": "00:05:06", "end": "00:05:11", "text": "made they already you know they have a"}, {"start": "00:05:08", "end": "00:05:13", "text": "huge allocation of their chips already"}, {"start": "00:05:11", "end": "00:05:16", "text": "going to multiple different countries"}, {"start": "00:05:13", "end": "00:05:18", "text": "but in this scenario"}, {"start": "00:05:16", "end": "00:05:19", "text": "they you know they you what have you"}, {"start": "00:05:18", "end": "00:05:22", "text": "like there's a huge huge amount that's"}, {"start": "00:05:19", "end": "00:05:25", "text": "also being taken off the table. I can't"}, {"start": "00:05:22", "end": "00:05:27", "text": "imagine hearing these these these these"}, {"start": "00:05:25", "end": "00:05:29", "text": "seven entities, companies, countries,"}, {"start": "00:05:27", "end": "00:05:30", "text": "whatever word you want to put there,"}, {"start": "00:05:29", "end": "00:05:33", "text": "announcing that they're going to be"}, {"start": "00:05:30", "end": "00:05:35", "text": "buying up this uh asset over the course"}, {"start": "00:05:33", "end": "00:05:38", "text": "of the next 5 to 10 years and and"}, {"start": "00:05:35", "end": "00:05:40", "text": "showing no signs of stopping."}, {"start": "00:05:38", "end": "00:05:45", "text": "I can then imagine two other companies,"}, {"start": "00:05:40", "end": "00:05:47", "text": "let's call one uh Rock Black and one uh"}, {"start": "00:05:45", "end": "00:05:50", "text": "Strategy Micro, who then announced that"}, {"start": "00:05:47", "end": "00:05:55", "text": "they're also going to try and buy uh not"}, {"start": "00:05:50", "end": "00:05:56", "text": "only ginormous amounts of Nvidia chips,"}, {"start": "00:05:55", "end": "00:05:58", "text": "but also the computers. For some reason,"}, {"start": "00:05:56", "end": "00:06:01", "text": "they think the computers are the bees"}, {"start": "00:05:58", "end": "00:06:03", "text": "knees, and they really want them. And"}, {"start": "00:06:01", "end": "00:06:07", "text": "then they also go, you know what?"}, {"start": "00:06:03", "end": "00:06:09", "text": "I think I want around 7% of their stock."}, {"start": "00:06:07", "end": "00:06:10", "text": "I just I just really like the sound of"}, {"start": "00:06:09", "end": "00:06:13", "text": "it. We're going to start buying a lot of"}, {"start": "00:06:10", "end": "00:06:16", "text": "it. Another company from Japan uh called"}, {"start": "00:06:13", "end": "00:06:18", "text": "Planet Meta also decides that they want"}, {"start": "00:06:16", "end": "00:06:21", "text": "to buy, you know, 1 to 2% of of all the"}, {"start": "00:06:18", "end": "00:06:23", "text": "Nvidia stock and then Black Rockck gets"}, {"start": "00:06:21", "end": "00:06:27", "text": "into it and all the and it it it tumbles"}, {"start": "00:06:23", "end": "00:06:28", "text": "out of control really fast."}, {"start": "00:06:27", "end": "00:06:30", "text": "Now, imagine all of that happened in"}, {"start": "00:06:28", "end": "00:06:32", "text": "2021"}, {"start": "00:06:30", "end": "00:06:35", "text": "and buying still going on. We found out"}, {"start": "00:06:32", "end": "00:06:37", "text": "that they're going to do a nice little"}, {"start": "00:06:35", "end": "00:06:39", "text": "10-year buying spree continuously for"}, {"start": "00:06:37", "end": "00:06:41", "text": "the chips, for computers, for everything"}, {"start": "00:06:39", "end": "00:06:44", "text": "else that they have, especially their"}, {"start": "00:06:41", "end": "00:06:46", "text": "stock. Now, imagine looking at Nvidia's"}, {"start": "00:06:44", "end": "00:06:48", "text": "stock"}, {"start": "00:06:46", "end": "00:06:53", "text": "5 years later and realizing that it's"}, {"start": "00:06:48", "end": "00:06:56", "text": "actually uh $28 lower than it was in in"}, {"start": "00:06:53", "end": "00:06:56", "text": "2021."}, {"start": "00:06:56", "end": "00:07:00", "text": "That's I think where we and I'm and I'm"}, {"start": "00:06:58", "end": "00:07:02", "text": "telling all of you this honestly because"}, {"start": "00:07:00", "end": "00:07:04", "text": "I'm in the market with you. We're all"}, {"start": "00:07:02", "end": "00:07:06", "text": "here together. We're all trying to"}, {"start": "00:07:04", "end": "00:07:08", "text": "figure out what's going on because a"}, {"start": "00:07:06", "end": "00:07:11", "text": "large part of I think what we're being"}, {"start": "00:07:08", "end": "00:07:13", "text": "told doesn't really fit the logical"}, {"start": "00:07:11", "end": "00:07:18", "text": "standard for what many of you are"}, {"start": "00:07:13", "end": "00:07:21", "text": "probably used to. So, as we've been here"}, {"start": "00:07:18", "end": "00:07:25", "text": "together and as I've made videos every"}, {"start": "00:07:21", "end": "00:07:28", "text": "single day, you've seen the news."}, {"start": "00:07:25", "end": "00:07:30", "text": "And I and I hate to have to repeat"}, {"start": "00:07:28", "end": "00:07:32", "text": "myself once again, but this is quite"}, {"start": "00:07:30", "end": "00:07:35", "text": "significant."}, {"start": "00:07:32", "end": "00:07:39", "text": "Two of the largest uh movers of money"}, {"start": "00:07:35", "end": "00:07:41", "text": "and value and wealth uh around the world"}, {"start": "00:07:39", "end": "00:07:44", "text": "are Visa and Mastercard."}, {"start": "00:07:41", "end": "00:07:46", "text": "Both of which who have announced"}, {"start": "00:07:44", "end": "00:07:48", "text": "recently, you can Google this. This is"}, {"start": "00:07:46", "end": "00:07:50", "text": "real news. This isn't hop and wishing"}, {"start": "00:07:48", "end": "00:07:54", "text": "and praying that they're going to be"}, {"start": "00:07:50", "end": "00:07:57", "text": "using Ethereum, Polygon, Salana, and XRP"}, {"start": "00:07:54", "end": "00:08:00", "text": "to move money around the world."}, {"start": "00:07:57", "end": "00:08:02", "text": "Uh we've heard a lot from very large"}, {"start": "00:08:00", "end": "00:08:05", "text": "companies as of late that they don't"}, {"start": "00:08:02", "end": "00:08:07", "text": "plan on using these chains. They're"}, {"start": "00:08:05", "end": "00:08:09", "text": "already using them."}, {"start": "00:08:07", "end": "00:08:10", "text": "Remember the news? This was kind of"}, {"start": "00:08:09", "end": "00:08:14", "text": "shocking a couple of years ago as well"}, {"start": "00:08:10", "end": "00:08:17", "text": "when a lot of people found out that um"}, {"start": "00:08:14", "end": "00:08:21", "text": "not only was T-Mobile already in crypto,"}, {"start": "00:08:17", "end": "00:08:23", "text": "but T-Mobile has actually uh been mining"}, {"start": "00:08:21", "end": "00:08:25", "text": "a number of cryptocurrencies and also"}, {"start": "00:08:23", "end": "00:08:27", "text": "staking and validating networks for a"}, {"start": "00:08:25", "end": "00:08:29", "text": "while as well. And we found out there"}, {"start": "00:08:27", "end": "00:08:31", "text": "are apparently dozens if not hundreds of"}, {"start": "00:08:29", "end": "00:08:35", "text": "other companies doing the exact same"}, {"start": "00:08:31", "end": "00:08:38", "text": "thing. So my question then is at what"}, {"start": "00:08:35", "end": "00:08:42", "text": "point is the tipping point"}, {"start": "00:08:38", "end": "00:08:44", "text": "we had news was it a day or two ago I"}, {"start": "00:08:42", "end": "00:08:46", "text": "don't remember it was something about"}, {"start": "00:08:44", "end": "00:08:49", "text": "tokenization and how tokenization is"}, {"start": "00:08:46", "end": "00:08:50", "text": "beginning to take over the world it"}, {"start": "00:08:49", "end": "00:08:53", "text": "wasn't an exaggeration they were"}, {"start": "00:08:50", "end": "00:08:55", "text": "providing examples in the actual uh news"}, {"start": "00:08:53", "end": "00:08:56", "text": "articles and they were saying this"}, {"start": "00:08:55", "end": "00:08:58", "text": "company's doing that and we have you"}, {"start": "00:08:56", "end": "00:09:01", "text": "know 60 billion there and this is so and"}, {"start": "00:08:58", "end": "00:09:04", "text": "so and I was saying at what point do the"}, {"start": "00:09:01", "end": "00:09:06", "text": "stable coins and tokenization actually"}, {"start": "00:09:04", "end": "00:09:10", "text": "matter."}, {"start": "00:09:06", "end": "00:09:13", "text": "We got told around October last year"}, {"start": "00:09:10", "end": "00:09:15", "text": "that tokenization and stable coins would"}, {"start": "00:09:13", "end": "00:09:17", "text": "become the standard. I'm holding a"}, {"start": "00:09:15", "end": "00:09:19", "text": "thumbs up because I'm I'm like literally"}, {"start": "00:09:17", "end": "00:09:21", "text": "going, \"Yeah, you know, that's what we"}, {"start": "00:09:19", "end": "00:09:23", "text": "were told.\""}, {"start": "00:09:21", "end": "00:09:27", "text": "We've been told that as more"}, {"start": "00:09:23", "end": "00:09:30", "text": "tokenization happens on these chains, as"}, {"start": "00:09:27", "end": "00:09:33", "text": "more people are using tokenized stocks,"}, {"start": "00:09:30", "end": "00:09:36", "text": "tokenized bonds, real estate, the whole"}, {"start": "00:09:33", "end": "00:09:38", "text": "shebang that prices would go higher"}, {"start": "00:09:36", "end": "00:09:41", "text": "because of the usage of these actual"}, {"start": "00:09:38", "end": "00:09:44", "text": "chains. That's part of the the narrative"}, {"start": "00:09:41", "end": "00:09:48", "text": "now for XRP. If you haven't seen,"}, {"start": "00:09:44", "end": "00:09:50", "text": "mega banks in Japan are starting to I I"}, {"start": "00:09:48", "end": "00:09:52", "text": "don't know if they're issuing it, but"}, {"start": "00:09:50", "end": "00:09:55", "text": "they're using Ripple stable coin, which"}, {"start": "00:09:52", "end": "00:09:56", "text": "is on top of the XRP ledger. We're"}, {"start": "00:09:55", "end": "00:09:59", "text": "getting a lot of news that other banks"}, {"start": "00:09:56", "end": "00:10:00", "text": "are are testing and using, and their"}, {"start": "00:09:59", "end": "00:10:02", "text": "names haven't been announced yet, which"}, {"start": "00:10:00", "end": "00:10:05", "text": "we're also going to get into because"}, {"start": "00:10:02", "end": "00:10:07", "text": "it's quite fascinating that everyone has"}, {"start": "00:10:05", "end": "00:10:11", "text": "very big grandiose news, but no one"}, {"start": "00:10:07", "end": "00:10:14", "text": "seems to be able to say a name out loud."}, {"start": "00:10:11", "end": "00:10:17", "text": "So, at what point"}, {"start": "00:10:14", "end": "00:10:20", "text": "do things completely and utterly only"}, {"start": "00:10:17", "end": "00:10:22", "text": "tip in our scales? Think of it this way."}, {"start": "00:10:20", "end": "00:10:27", "text": "If we're talking about that tokenization"}, {"start": "00:10:22", "end": "00:10:29", "text": "right now is around hundred billion"}, {"start": "00:10:27", "end": "00:10:31", "text": "and previously before, I think last year"}, {"start": "00:10:29", "end": "00:10:33", "text": "or the year before it was around $10"}, {"start": "00:10:31", "end": "00:10:35", "text": "billion."}, {"start": "00:10:33", "end": "00:10:38", "text": "That's an additional $90 billion of"}, {"start": "00:10:35", "end": "00:10:42", "text": "value that's locked on chain. We now"}, {"start": "00:10:38", "end": "00:10:45", "text": "have uh Binance has has be stocks in"}, {"start": "00:10:42", "end": "00:10:47", "text": "case you missed it. Uh Coinbase is also"}, {"start": "00:10:45", "end": "00:10:49", "text": "offering tokenized stocks to to US"}, {"start": "00:10:47", "end": "00:10:51", "text": "clients and soon they're going to offer"}, {"start": "00:10:49", "end": "00:10:53", "text": "it to people around the world. Many"}, {"start": "00:10:51", "end": "00:10:56", "text": "other platforms, the NASDAQ and New York"}, {"start": "00:10:53", "end": "00:10:58", "text": "Stock Exchange are also tokenizing still"}, {"start": "00:10:56", "end": "00:11:00", "text": "with me? Good. are also tokenizing their"}, {"start": "00:10:58", "end": "00:11:02", "text": "stocks and things as well, putting them"}, {"start": "00:11:00", "end": "00:11:05", "text": "on top of Ethereum."}, {"start": "00:11:02", "end": "00:11:09", "text": "So if you go from 10 billion to a 100red"}, {"start": "00:11:05", "end": "00:11:10", "text": "billion and then prices still fall"}, {"start": "00:11:09", "end": "00:11:13", "text": "mathematically"}, {"start": "00:11:10", "end": "00:11:17", "text": "at some point there has to only be an"}, {"start": "00:11:13", "end": "00:11:20", "text": "upward motion, right? You can't have all"}, {"start": "00:11:17", "end": "00:11:23", "text": "the money and value on the planet begin"}, {"start": "00:11:20", "end": "00:11:27", "text": "to move onto our systems and still have"}, {"start": "00:11:23", "end": "00:11:30", "text": "prices go down. Imagine if in 2026 in"}, {"start": "00:11:27", "end": "00:11:32", "text": "July random you have a hundred billion"}, {"start": "00:11:30", "end": "00:11:37", "text": "dollar worth of tokenized stocks and"}, {"start": "00:11:32", "end": "00:11:40", "text": "assets on top of crypto chains."}, {"start": "00:11:37", "end": "00:11:43", "text": "Now imagine we get to 2031 and that"}, {"start": "00:11:40", "end": "00:11:45", "text": "number is $3 trillion."}, {"start": "00:11:43", "end": "00:11:47", "text": "Now imagine you look back at prices and"}, {"start": "00:11:45", "end": "00:11:52", "text": "you go"}, {"start": "00:11:47", "end": "00:11:56", "text": "why in 2031 is Bitcoin's price $59,000?"}, {"start": "00:11:52", "end": "00:11:59", "text": "Why is Ethereum 1,600 in the year 2031"}, {"start": "00:11:56", "end": "00:12:01", "text": "after all these things have happened?"}, {"start": "00:11:59", "end": "00:12:04", "text": "Why is there such a huge amount of"}, {"start": "00:12:01", "end": "00:12:07", "text": "energy surrounding putting all these"}, {"start": "00:12:04", "end": "00:12:10", "text": "things on chain if we see them happening"}, {"start": "00:12:07", "end": "00:12:14", "text": "and moving on chain and crypto prices"}, {"start": "00:12:10", "end": "00:12:18", "text": "still don't move up? Because one one"}, {"start": "00:12:14", "end": "00:12:21", "text": "would assume let's say you have a scale"}, {"start": "00:12:18", "end": "00:12:23", "text": "and it it's you know one has 30,000"}, {"start": "00:12:21", "end": "00:12:25", "text": "people and the other side is the Bitcoin"}, {"start": "00:12:23", "end": "00:12:28", "text": "blockchain, Ethereum blockchain, XRP,"}, {"start": "00:12:25", "end": "00:12:30", "text": "doesn't matter what you put there. Now"}, {"start": "00:12:28", "end": "00:12:31", "text": "imagine at some point the these people"}, {"start": "00:12:30", "end": "00:12:33", "text": "start to hop off. They don't want to be"}, {"start": "00:12:31", "end": "00:12:34", "text": "in the market anymore. More and more"}, {"start": "00:12:33", "end": "00:12:37", "text": "people are leaving and they're they're"}, {"start": "00:12:34", "end": "00:12:40", "text": "moving to the other side. At some point"}, {"start": "00:12:37", "end": "00:12:41", "text": "you have around 12,000 left."}, {"start": "00:12:40", "end": "00:12:44", "text": "But then all of a sudden you start"}, {"start": "00:12:41", "end": "00:12:46", "text": "hearing like these monoliths, these like"}, {"start": "00:12:44", "end": "00:12:49", "text": "gigantic buildings are also being placed"}, {"start": "00:12:46", "end": "00:12:52", "text": "on the scale as well. At some point they"}, {"start": "00:12:49", "end": "00:12:54", "text": "have to begin to outweigh it, right?"}, {"start": "00:12:52", "end": "00:12:57", "text": "At some point the efforts of Black"}, {"start": "00:12:54", "end": "00:13:01", "text": "Rockck buying 800,000 Bitcoin, Micro"}, {"start": "00:12:57", "end": "00:13:04", "text": "Strategy buying 800 irrespective of any"}, {"start": "00:13:01", "end": "00:13:07", "text": "selling that might happen. 800,000"}, {"start": "00:13:04", "end": "00:13:09", "text": "Bitcoin, 100,000 Bitcoin here, 210,000"}, {"start": "00:13:07", "end": "00:13:14", "text": "Bitcoin here,"}, {"start": "00:13:09", "end": "00:13:16", "text": "we wind up lower in price than 2021."}, {"start": "00:13:14", "end": "00:13:20", "text": "Imagine you hear"}, {"start": "00:13:16", "end": "00:13:22", "text": "Ethereum's going to be used by 38"}, {"start": "00:13:20", "end": "00:13:24", "text": "different banks. The largest"}, {"start": "00:13:22", "end": "00:13:27", "text": "institutions and companies all around"}, {"start": "00:13:24", "end": "00:13:30", "text": "the world are go are using this chain"}, {"start": "00:13:27", "end": "00:13:32", "text": "right now. We, the New York Stock"}, {"start": "00:13:30", "end": "00:13:34", "text": "Exchange and NASDAQ, we're beginning to"}, {"start": "00:13:32", "end": "00:13:36", "text": "tokenize our assets. We don't know what"}, {"start": "00:13:34", "end": "00:13:37", "text": "else to do. The future's here. We're"}, {"start": "00:13:36", "end": "00:13:40", "text": "going to start putting everything on top"}, {"start": "00:13:37", "end": "00:13:42", "text": "of Ethereum. And then the price goes"}, {"start": "00:13:40", "end": "00:13:46", "text": "down. Is Is the number a trillion"}, {"start": "00:13:42", "end": "00:13:48", "text": "dollars? Do we need a trillion dollars"}, {"start": "00:13:46", "end": "00:13:50", "text": "worth of movement of these assets going"}, {"start": "00:13:48", "end": "00:13:53", "text": "through our chains every day for prices"}, {"start": "00:13:50", "end": "00:13:55", "text": "to you understand what I'm saying? If"}, {"start": "00:13:53", "end": "00:13:58", "text": "you have a stock and and no one's buying"}, {"start": "00:13:55", "end": "00:14:01", "text": "it, its volume is zero and you put a"}, {"start": "00:13:58", "end": "00:14:04", "text": "dollar into it. The volume is $1. Now"}, {"start": "00:14:01", "end": "00:14:06", "text": "imagine you get 30,000 friends and you"}, {"start": "00:14:04", "end": "00:14:07", "text": "all put in $10. The volume has"}, {"start": "00:14:06", "end": "00:14:09", "text": "skyrocketed. There's tons of movement."}, {"start": "00:14:07", "end": "00:14:10", "text": "You guys are buying and selling trying"}, {"start": "00:14:09", "end": "00:14:13", "text": "to figure out when like when the best"}, {"start": "00:14:10", "end": "00:14:16", "text": "time to actually get into that stock is."}, {"start": "00:14:13", "end": "00:14:18", "text": "Imagine you have 300,000 more people all"}, {"start": "00:14:16", "end": "00:14:20", "text": "do the same. This has a positive effect"}, {"start": "00:14:18", "end": "00:14:23", "text": "on price because tons of people have"}, {"start": "00:14:20", "end": "00:14:26", "text": "moved into the ecosystem. How would it"}, {"start": "00:14:23", "end": "00:14:29", "text": "then be possible for the prices to begin"}, {"start": "00:14:26", "end": "00:14:32", "text": "to go so much lower that we lose 50% of"}, {"start": "00:14:29", "end": "00:14:33", "text": "the value of these chains and of these"}, {"start": "00:14:32", "end": "00:14:35", "text": "coins as we're hearing that world"}, {"start": "00:14:33", "end": "00:14:39", "text": "leaders and world banks and institutions"}, {"start": "00:14:35", "end": "00:14:42", "text": "and countries and monolithic"}, {"start": "00:14:39", "end": "00:14:43", "text": "companies worth 11 trillion dollars have"}, {"start": "00:14:42", "end": "00:14:47", "text": "entered the market. There's a difference"}, {"start": "00:14:43", "end": "00:14:50", "text": "between being bullish, bearish, and just"}, {"start": "00:14:47", "end": "00:14:50", "text": "completely nonsensical."}, {"start": "00:14:51", "end": "00:14:55", "text": "So, I've seen people tell me before, you"}, {"start": "00:14:53", "end": "00:14:56", "text": "know, it's about this and this company's"}, {"start": "00:14:55", "end": "00:14:58", "text": "doing this and there's like a very"}, {"start": "00:14:56", "end": "00:15:01", "text": "clever way to be able to bring prices"}, {"start": "00:14:58", "end": "00:15:03", "text": "down and yeah, damn that. Like, let's"}, {"start": "00:15:01", "end": "00:15:04", "text": "have an actual conversation about all"}, {"start": "00:15:03", "end": "00:15:06", "text": "this adoption that we've been hearing"}, {"start": "00:15:04", "end": "00:15:09", "text": "about."}, {"start": "00:15:06", "end": "00:15:10", "text": "You've been with me. You've sat there."}, {"start": "00:15:09", "end": "00:15:12", "text": "If if you're driving a car, please be"}, {"start": "00:15:10", "end": "00:15:14", "text": "safe. If you've been looking at the"}, {"start": "00:15:12", "end": "00:15:16", "text": "screen, you've seen the words on the"}, {"start": "00:15:14", "end": "00:15:17", "text": "screen. You've seen the articles. You've"}, {"start": "00:15:16", "end": "00:15:19", "text": "been able to Google them. I told you"}, {"start": "00:15:17", "end": "00:15:21", "text": "that all the time. If you see me say"}, {"start": "00:15:19", "end": "00:15:23", "text": "something or show something that looks a"}, {"start": "00:15:21", "end": "00:15:25", "text": "little bit weird or wonky, Google it"}, {"start": "00:15:23", "end": "00:15:27", "text": "yourself. You will definitely be able to"}, {"start": "00:15:25", "end": "00:15:29", "text": "find it out there."}, {"start": "00:15:27", "end": "00:15:33", "text": "So,"}, {"start": "00:15:29", "end": "00:15:36", "text": "my mind tells me that at a certain point"}, {"start": "00:15:33", "end": "00:15:38", "text": "the scales have to only then tip in our"}, {"start": "00:15:36", "end": "00:15:41", "text": "favor. Imagine we go from a hundred"}, {"start": "00:15:38", "end": "00:15:45", "text": "billion dollars to let's say I'll give"}, {"start": "00:15:41", "end": "00:15:47", "text": "you a good $6 trillion worth of value"}, {"start": "00:15:45", "end": "00:15:49", "text": "starts moving on chain. Everyone's"}, {"start": "00:15:47", "end": "00:15:52", "text": "trading tokenized stocks. That's $6"}, {"start": "00:15:49", "end": "00:15:55", "text": "trillion in value that wasn't there"}, {"start": "00:15:52", "end": "00:15:58", "text": "before. That's causing"}, {"start": "00:15:55", "end": "00:16:02", "text": "35 billion $75 billion in trading"}, {"start": "00:15:58", "end": "00:16:04", "text": "activity per chain per day."}, {"start": "00:16:02", "end": "00:16:06", "text": "That tells me a huge amount of XRP and"}, {"start": "00:16:04", "end": "00:16:08", "text": "Ethereum are being burned behind the"}, {"start": "00:16:06", "end": "00:16:12", "text": "background. That would logically then"}, {"start": "00:16:08", "end": "00:16:14", "text": "mean the prices would only be able to go"}, {"start": "00:16:12", "end": "00:16:17", "text": "up. There wouldn't be no sense of any"}, {"start": "00:16:14", "end": "00:16:19", "text": "actual downward pressure even if"}, {"start": "00:16:17", "end": "00:16:21", "text": "multiple retail investors left because"}, {"start": "00:16:19", "end": "00:16:24", "text": "we have a fragment of the world stock"}, {"start": "00:16:21", "end": "00:16:26", "text": "exchange now on top of Ethereum and"}, {"start": "00:16:24", "end": "00:16:30", "text": "Polygon and Salana."}, {"start": "00:16:26", "end": "00:16:34", "text": "Now, the other thing that's also been uh"}, {"start": "00:16:30", "end": "00:16:38", "text": "predicted has been for these chains to"}, {"start": "00:16:34", "end": "00:16:40", "text": "at some point have $100 trillion"}, {"start": "00:16:38", "end": "00:16:43", "text": "worth of value. If you missed that"}, {"start": "00:16:40", "end": "00:16:46", "text": "conversation, it's the idea of like"}, {"start": "00:16:43", "end": "00:16:49", "text": "world real estate going on chain, like"}, {"start": "00:16:46", "end": "00:16:52", "text": "literally tokenizing it so that the"}, {"start": "00:16:49", "end": "00:16:56", "text": "person in charge can own 51% of their of"}, {"start": "00:16:52", "end": "00:16:59", "text": "their home, but the other 49%"}, {"start": "00:16:56", "end": "00:17:01", "text": "gets traded on chain."}, {"start": "00:16:59", "end": "00:17:04", "text": "Does it take a hundred trillion dollars"}, {"start": "00:17:01", "end": "00:17:05", "text": "worth of assets being traded all the"}, {"start": "00:17:04", "end": "00:17:07", "text": "time on these chains to show that they"}, {"start": "00:17:05", "end": "00:17:11", "text": "have real value and then therefore the"}, {"start": "00:17:07", "end": "00:17:11", "text": "prices would never drop?"}, {"start": "00:17:13", "end": "00:17:19", "text": "I'm just trying to figure this out"}, {"start": "00:17:14", "end": "00:17:22", "text": "because of um just logic and dare I say"}, {"start": "00:17:19", "end": "00:17:28", "text": "uh borderline science. So, uh, this of"}, {"start": "00:17:22", "end": "00:17:30", "text": "course made incredibly popular news."}, {"start": "00:17:28", "end": "00:17:32", "text": "And part of the reason why I believe it"}, {"start": "00:17:30", "end": "00:17:37", "text": "made popular news is because it's kind"}, {"start": "00:17:32", "end": "00:17:39", "text": "of a a a rehash of a conversation that"}, {"start": "00:17:37", "end": "00:17:43", "text": "we were having before."}, {"start": "00:17:39", "end": "00:17:46", "text": "So, back at the end of end of 2024, we"}, {"start": "00:17:43", "end": "00:17:49", "text": "were told that the United States was"}, {"start": "00:17:46", "end": "00:17:51", "text": "going to begin to buy huge amounts of"}, {"start": "00:17:49", "end": "00:17:52", "text": "Bitcoin. The number that we were given"}, {"start": "00:17:51", "end": "00:17:54", "text": "was that they would work their way over"}, {"start": "00:17:52", "end": "00:17:56", "text": "multiple years to get to a million"}, {"start": "00:17:54", "end": "00:17:59", "text": "Bitcoin."}, {"start": "00:17:56", "end": "00:18:01", "text": "As of right now, that hasn't transpired."}, {"start": "00:17:59", "end": "00:18:03", "text": "Uh the coins that the United States are"}, {"start": "00:18:01", "end": "00:18:04", "text": "holding have been taken from the"}, {"start": "00:18:03", "end": "00:18:08", "text": "Department of Justice, as far as I"}, {"start": "00:18:04", "end": "00:18:12", "text": "understand, from activities multiple"}, {"start": "00:18:08", "end": "00:18:14", "text": "years ago when the DOJ deemed in 2014"}, {"start": "00:18:12", "end": "00:18:16", "text": "that some website did something illegal"}, {"start": "00:18:14", "end": "00:18:19", "text": "and they took all of their Bitcoin."}, {"start": "00:18:16", "end": "00:18:21", "text": "We've had sprinkles"}, {"start": "00:18:19", "end": "00:18:24", "text": "of other companies, other countries,"}, {"start": "00:18:21", "end": "00:18:27", "text": "excuse me, other countries announcing or"}, {"start": "00:18:24", "end": "00:18:29", "text": "being announced that they had also"}, {"start": "00:18:27", "end": "00:18:32", "text": "acquired Bitcoin in some form or"}, {"start": "00:18:29", "end": "00:18:34", "text": "fashion. But we never got an actual"}, {"start": "00:18:32", "end": "00:18:39", "text": "number. And I and I and I'll do you one"}, {"start": "00:18:34", "end": "00:18:43", "text": "better. We never even got proper names."}, {"start": "00:18:39", "end": "00:18:47", "text": "So, you've heard me say a lot of times,"}, {"start": "00:18:43", "end": "00:18:50", "text": "we have over a dozen countries who are"}, {"start": "00:18:47", "end": "00:18:52", "text": "buying, using, and mining crypto. You"}, {"start": "00:18:50", "end": "00:18:54", "text": "know why I say that? Because we've been"}, {"start": "00:18:52", "end": "00:18:57", "text": "told for the past two to three years"}, {"start": "00:18:54", "end": "00:18:59", "text": "that there are over a dozen countries"}, {"start": "00:18:57", "end": "00:19:01", "text": "who are buying, holding, and mining"}, {"start": "00:18:59", "end": "00:19:04", "text": "crypto. We knew about Bhutan. We knew"}, {"start": "00:19:01", "end": "00:19:08", "text": "about El Salvador. We knew about I"}, {"start": "00:19:04", "end": "00:19:10", "text": "believe it was Iran. I believe we knew"}, {"start": "00:19:08", "end": "00:19:12", "text": "about the United States's holdings. We"}, {"start": "00:19:10", "end": "00:19:15", "text": "knew that China has been mining crypto"}, {"start": "00:19:12", "end": "00:19:17", "text": "since around 2010 2011 even after all"}, {"start": "00:19:15", "end": "00:19:19", "text": "the fake news that we kept on getting"}, {"start": "00:19:17", "end": "00:19:21", "text": "that crypto had been banned there. And"}, {"start": "00:19:19", "end": "00:19:24", "text": "me constantly showing people that crypto"}, {"start": "00:19:21", "end": "00:19:27", "text": "was never banned in China. You just"}, {"start": "00:19:24", "end": "00:19:29", "text": "cannot use it as a form of of national"}, {"start": "00:19:27", "end": "00:19:31", "text": "currency. You can buy it, you can hold"}, {"start": "00:19:29", "end": "00:19:34", "text": "it, you can go to an over-the-counter"}, {"start": "00:19:31", "end": "00:19:35", "text": "trading desk to move it back and forth,"}, {"start": "00:19:34", "end": "00:19:37", "text": "same as many other countries, but it is"}, {"start": "00:19:35", "end": "00:19:39", "text": "not legal tender. You can also legally"}, {"start": "00:19:37", "end": "00:19:41", "text": "mine it, but the problem is is that many"}, {"start": "00:19:39", "end": "00:19:44", "text": "people were going to smaller provinces"}, {"start": "00:19:41", "end": "00:19:47", "text": "within China and they were using the"}, {"start": "00:19:44", "end": "00:19:48", "text": "electricity from very small uh towns and"}, {"start": "00:19:47", "end": "00:19:50", "text": "they were draining all their electricity"}, {"start": "00:19:48", "end": "00:19:52", "text": "to actually mine Bitcoin and those"}, {"start": "00:19:50", "end": "00:19:54", "text": "people got in trouble because they kept"}, {"start": "00:19:52", "end": "00:19:55", "text": "on doing it over and over. There was"}, {"start": "00:19:54", "end": "00:19:58", "text": "even a news story of this teacher in"}, {"start": "00:19:55", "end": "00:19:59", "text": "China who was draining the he he was a"}, {"start": "00:19:58", "end": "00:20:01", "text": "teacher draining the school's"}, {"start": "00:19:59", "end": "00:20:03", "text": "electricity so that he could mine crypto"}, {"start": "00:20:01", "end": "00:20:05", "text": "as well. So the Chinese government"}, {"start": "00:20:03", "end": "00:20:06", "text": "stepped in and they were like you you"}, {"start": "00:20:05", "end": "00:20:09", "text": "guys what is wrong with you? You can't"}, {"start": "00:20:06", "end": "00:20:10", "text": "do that. So now in many cases when you"}, {"start": "00:20:09", "end": "00:20:12", "text": "want to have a big mining operation you"}, {"start": "00:20:10", "end": "00:20:15", "text": "simply have to get approval from the"}, {"start": "00:20:12", "end": "00:20:15", "text": "government."}, {"start": "00:20:15", "end": "00:20:20", "text": "And then I think maybe there's one other"}, {"start": "00:20:17", "end": "00:20:22", "text": "country that I'm not thinking of off the"}, {"start": "00:20:20", "end": "00:20:24", "text": "top of my head. So tell me what you"}, {"start": "00:20:22", "end": "00:20:26", "text": "think about this when you actually hear"}, {"start": "00:20:24", "end": "00:20:30", "text": "what's going on because it's another"}, {"start": "00:20:26", "end": "00:20:30", "text": "situation where"}, {"start": "00:20:30", "end": "00:20:38", "text": "I think it would do a lot for investors"}, {"start": "00:20:34", "end": "00:20:41", "text": "in the crypto market if we had actual"}, {"start": "00:20:38", "end": "00:20:44", "text": "I'm going to even use the word proof."}, {"start": "00:20:41", "end": "00:20:48", "text": "remember around February and March where"}, {"start": "00:20:44", "end": "00:20:50", "text": "we were hearing um this company's, you"}, {"start": "00:20:48", "end": "00:20:50", "text": "know, we're going to be tokenizing,"}, {"start": "00:20:50", "end": "00:20:52", "text": "we're going to be doing this with"}, {"start": "00:20:50", "end": "00:20:54", "text": "crypto. These people were going on stage"}, {"start": "00:20:52", "end": "00:20:57", "text": "and they're like there there are"}, {"start": "00:20:54", "end": "00:20:59", "text": "currently, you know, 16 companies who"}, {"start": "00:20:57", "end": "00:21:02", "text": "are using Ethereum. And I was like 1 2 3"}, {"start": "00:20:59", "end": "00:21:03", "text": "4 5 6 7 8 9. Can you can you give us"}, {"start": "00:21:02", "end": "00:21:06", "text": "some kind of names? And they were like,"}, {"start": "00:21:03", "end": "00:21:09", "text": "nope, not today. And this continued for"}, {"start": "00:21:06", "end": "00:21:11", "text": "months"}, {"start": "00:21:09", "end": "00:21:16", "text": "until we started getting droplets of"}, {"start": "00:21:11", "end": "00:21:18", "text": "names of these 139 million companies who"}, {"start": "00:21:16", "end": "00:21:21", "text": "are all adopting Ethereum in some form"}, {"start": "00:21:18", "end": "00:21:24", "text": "or fashion. So"}, {"start": "00:21:21", "end": "00:21:26", "text": "this news came out,"}, {"start": "00:21:24", "end": "00:21:30", "text": "it was very popular."}, {"start": "00:21:26", "end": "00:21:33", "text": "But still once again I say"}, {"start": "00:21:30", "end": "00:21:35", "text": "who"}, {"start": "00:21:33", "end": "00:21:38", "text": "the United States is holding near"}, {"start": "00:21:35", "end": "00:21:38", "text": "328,372"}, {"start": "00:21:39", "end": "00:21:43", "text": "Bitcoin"}, {"start": "00:21:41", "end": "00:21:47", "text": "most of it if not all of it from law"}, {"start": "00:21:43", "end": "00:21:50", "text": "enforcement seizures and now folded into"}, {"start": "00:21:47", "end": "00:21:54", "text": "the strategic Bitcoin reserve created by"}, {"start": "00:21:50", "end": "00:21:56", "text": "executive order in 2025. No purchases"}, {"start": "00:21:54", "end": "00:21:59", "text": "have actually happened. It's just been"}, {"start": "00:21:56", "end": "00:22:02", "text": "stolen Bitcoin that got reappropriated"}, {"start": "00:21:59", "end": "00:22:04", "text": "for the actual strategic reserve."}, {"start": "00:22:02", "end": "00:22:06", "text": "Uh, Bitcoin Treasuries data shows that"}, {"start": "00:22:04", "end": "00:22:09", "text": "the United Kingdom"}, {"start": "00:22:06", "end": "00:22:11", "text": "holds around 61,245"}, {"start": "00:22:09", "end": "00:22:13", "text": "Bitcoin. That's because the United"}, {"start": "00:22:11", "end": "00:22:16", "text": "Kingdom did the exact same thing a"}, {"start": "00:22:13", "end": "00:22:17", "text": "decade and some change ago. Uh, finding"}, {"start": "00:22:16", "end": "00:22:19", "text": "websites that they didn't like and"}, {"start": "00:22:17", "end": "00:22:21", "text": "shutting them down and then subsequently"}, {"start": "00:22:19", "end": "00:22:23", "text": "taking the crypto from those websites"}, {"start": "00:22:21", "end": "00:22:26", "text": "and going, \"Yeah, that was illegal."}, {"start": "00:22:23", "end": "00:22:29", "text": "Sorry, those are all coins. Now, El"}, {"start": "00:22:26", "end": "00:22:32", "text": "Salvador has about 7,698"}, {"start": "00:22:29", "end": "00:22:33", "text": "Bitcoin. Uh, that's from them purchasing"}, {"start": "00:22:32", "end": "00:22:37", "text": "a huge amount in the beginning and now"}, {"start": "00:22:33", "end": "00:22:40", "text": "they do one purchase per day. The UAE"}, {"start": "00:22:37", "end": "00:22:44", "text": "has around 6,420."}, {"start": "00:22:40", "end": "00:22:46", "text": "Also hasn't really been uh verified per"}, {"start": "00:22:44", "end": "00:22:49", "text": "se because we've heard before that Saudi"}, {"start": "00:22:46", "end": "00:22:52", "text": "Arabia purchased an amount. We heard"}, {"start": "00:22:49", "end": "00:22:53", "text": "that Dubai has purchased an amount and"}, {"start": "00:22:52", "end": "00:22:56", "text": "we've also heard that there are a number"}, {"start": "00:22:53", "end": "00:22:59", "text": "of large family offices who also exist"}, {"start": "00:22:56", "end": "00:23:01", "text": "in the UAE who've also purchased"}, {"start": "00:22:59", "end": "00:23:03", "text": "hundreds and millions of dollars worth"}, {"start": "00:23:01", "end": "00:23:07", "text": "of Bitcoin. But we never also got an"}, {"start": "00:23:03", "end": "00:23:09", "text": "actual number. Uh-huh. Bhutan has close"}, {"start": "00:23:07", "end": "00:23:13", "text": "to 4,973"}, {"start": "00:23:09", "end": "00:23:18", "text": "Bitcoin, much of it tied to statebacked"}, {"start": "00:23:13", "end": "00:23:20", "text": "hydro power mining. So, uh, one of the"}, {"start": "00:23:18", "end": "00:23:23", "text": "heads of Coinbase, that's that's this"}, {"start": "00:23:20", "end": "00:23:25", "text": "guy right here, uh, came forward and was"}, {"start": "00:23:23", "end": "00:23:27", "text": "talking about cryptocurrency adoption."}, {"start": "00:23:25", "end": "00:23:30", "text": "The thing that struck everyone and why"}, {"start": "00:23:27", "end": "00:23:32", "text": "this, you know, to some became very"}, {"start": "00:23:30", "end": "00:23:35", "text": "popular news, but to others became quite"}, {"start": "00:23:32", "end": "00:23:39", "text": "confusing is that he announced that"}, {"start": "00:23:35", "end": "00:23:43", "text": "apparently there are 40"}, {"start": "00:23:39", "end": "00:23:47", "text": "four zero countries out there who are"}, {"start": "00:23:43", "end": "00:23:51", "text": "buying up huge amounts of of Bitcoin."}, {"start": "00:23:47", "end": "00:23:53", "text": "And I dare say once again, guys,"}, {"start": "00:23:51", "end": "00:23:55", "text": "2026 is the year that we are currently"}, {"start": "00:23:53", "end": "00:24:00", "text": "in."}, {"start": "00:23:55", "end": "00:24:02", "text": "E, everyone with me? Um, over the course"}, {"start": "00:24:00", "end": "00:24:06", "text": "of the last two years,"}, {"start": "00:24:02", "end": "00:24:09", "text": "imagine there were only 21 million"}, {"start": "00:24:06", "end": "00:24:09", "text": "Invidia stock"}, {"start": "00:24:10", "end": "00:24:15", "text": "and we heard that the United States had"}, {"start": "00:24:12", "end": "00:24:19", "text": "purchased 328,000"}, {"start": "00:24:15", "end": "00:24:23", "text": "of that stock. United Kingdom had around"}, {"start": "00:24:19", "end": "00:24:29", "text": "61,000 of that stock. El Salvador 7600,"}, {"start": "00:24:23", "end": "00:24:29", "text": "UAE 4,200, Bhutan 4,900"}, {"start": "00:24:29", "end": "00:24:32", "text": "in two years."}, {"start": "00:24:31", "end": "00:24:36", "text": "Then we heard that Black Rockck has"}, {"start": "00:24:32", "end": "00:24:39", "text": "accumulated 800,000 of that stock."}, {"start": "00:24:36", "end": "00:24:41", "text": "We heard that uh almost said Max Power."}, {"start": "00:24:39", "end": "00:24:44", "text": "We heard that Micro Strategy has done"}, {"start": "00:24:41", "end": "00:24:46", "text": "the same. And then you have MetaPlanet."}, {"start": "00:24:44", "end": "00:24:49", "text": "And in between you have these crypto"}, {"start": "00:24:46", "end": "00:24:51", "text": "addresses that are buying 100 Bitcoin"}, {"start": "00:24:49", "end": "00:24:53", "text": "per day. There are tons of family"}, {"start": "00:24:51", "end": "00:24:55", "text": "offices, tons of very wealthy families"}, {"start": "00:24:53", "end": "00:24:58", "text": "in New York, in Miami, in LA, in"}, {"start": "00:24:55", "end": "00:25:01", "text": "Vancouver, in Paris, in London, around"}, {"start": "00:24:58", "end": "00:25:04", "text": "the world, in Singapore, in Tokyo who"}, {"start": "00:25:01", "end": "00:25:07", "text": "are buying crypto, Bitcoin every single"}, {"start": "00:25:04", "end": "00:25:12", "text": "day."}, {"start": "00:25:07", "end": "00:25:14", "text": "How on earth would it be possible for"}, {"start": "00:25:12", "end": "00:25:17", "text": "prices to fall down at all without"}, {"start": "00:25:14", "end": "00:25:20", "text": "amount of buying pressure?"}, {"start": "00:25:17", "end": "00:25:20", "text": "His"}, {"start": "00:25:21", "end": "00:25:26", "text": "name is Dagustinino."}, {"start": "00:25:23", "end": "00:25:28", "text": "And it says Dagustinino's number, as"}, {"start": "00:25:26", "end": "00:25:30", "text": "stated on CNBC,"}, {"start": "00:25:28", "end": "00:25:34", "text": "appears to combine countries with"}, {"start": "00:25:30", "end": "00:25:37", "text": "confirmed holdings and a larger group"}, {"start": "00:25:34", "end": "00:25:40", "text": "that has signaled intent without yet"}, {"start": "00:25:37", "end": "00:25:42", "text": "building out full purchase programs."}, {"start": "00:25:40", "end": "00:25:45", "text": "Many point to examples like the Czech"}, {"start": "00:25:42", "end": "00:25:49", "text": "National Bank's small treasury test and"}, {"start": "00:25:45", "end": "00:25:52", "text": "accumulation by UAE family offices and"}, {"start": "00:25:49", "end": "00:25:56", "text": "sovereign wealth funds as evidence the"}, {"start": "00:25:52", "end": "00:25:57", "text": "commitment trend is spreading."}, {"start": "00:25:56", "end": "00:26:00", "text": "Much of the largest known government"}, {"start": "00:25:57", "end": "00:26:03", "text": "Bitcoin came from seizures rather than"}, {"start": "00:26:00", "end": "00:26:07", "text": "deliberate buying. Commitment in many of"}, {"start": "00:26:03", "end": "00:26:11", "text": "these cases means a pilot, a policy"}, {"start": "00:26:07", "end": "00:26:14", "text": "proposal or a stated intention to hold"}, {"start": "00:26:11", "end": "00:26:18", "text": "Bitcoin, not an ongoing open market"}, {"start": "00:26:14", "end": "00:26:18", "text": "purchase program."}, {"start": "00:26:18", "end": "00:26:23", "text": "Where are the other 40 countries?"}, {"start": "00:26:25", "end": "00:26:31", "text": "I think we in crypto have been quite"}, {"start": "00:26:27", "end": "00:26:33", "text": "patient for for long enough."}, {"start": "00:26:31", "end": "00:26:37", "text": "the amount of time. See, it was kind of"}, {"start": "00:26:33", "end": "00:26:41", "text": "cool years ago when we would hear from"}, {"start": "00:26:37", "end": "00:26:43", "text": "um Ethereum or we'd hear from Cardano"}, {"start": "00:26:41", "end": "00:26:45", "text": "that there were certain uh you know,"}, {"start": "00:26:43", "end": "00:26:47", "text": "we're going to once again,"}, {"start": "00:26:45", "end": "00:26:50", "text": "look at our white paper. Look at our"}, {"start": "00:26:47", "end": "00:26:53", "text": "timeline for upgrades and updates."}, {"start": "00:26:50", "end": "00:26:55", "text": "Cardano in August is going to have this"}, {"start": "00:26:53", "end": "00:26:58", "text": "upgrade."}, {"start": "00:26:55", "end": "00:27:00", "text": "It's 4 days before August."}, {"start": "00:26:58", "end": "00:27:02", "text": "No word of it."}, {"start": "00:27:00", "end": "00:27:06", "text": "We end up getting it December 22nd and"}, {"start": "00:27:02", "end": "00:27:09", "text": "they go, \"See, it happened back then. It"}, {"start": "00:27:06", "end": "00:27:10", "text": "was cool because we knew that they were"}, {"start": "00:27:09", "end": "00:27:14", "text": "going to happen, but things just kind of"}, {"start": "00:27:10", "end": "00:27:16", "text": "took a little bit of extra time.\""}, {"start": "00:27:14", "end": "00:27:19", "text": "We're now being told deliberately that"}, {"start": "00:27:16", "end": "00:27:22", "text": "all this stuff is happening. Not that it"}, {"start": "00:27:19", "end": "00:27:25", "text": "is going to happen, but that it's"}, {"start": "00:27:22", "end": "00:27:27", "text": "already currently taking place."}, {"start": "00:27:25", "end": "00:27:31", "text": "I could understand"}, {"start": "00:27:27", "end": "00:27:33", "text": "if it was around five, six, seven"}, {"start": "00:27:31", "end": "00:27:37", "text": "different countries who just just didn't"}, {"start": "00:27:33", "end": "00:27:40", "text": "want to be named."}, {"start": "00:27:37", "end": "00:27:42", "text": "But the other 33"}, {"start": "00:27:40", "end": "00:27:44", "text": "at this point, we we would probably know"}, {"start": "00:27:42", "end": "00:27:48", "text": "who they were over the course of a"}, {"start": "00:27:44", "end": "00:27:50", "text": "relative 2-year period."}, {"start": "00:27:48", "end": "00:27:54", "text": "Don't take my tone for anger. It's more"}, {"start": "00:27:50", "end": "00:27:57", "text": "actually annoyance because"}, {"start": "00:27:54", "end": "00:28:01", "text": "in crypto there's constantly a kicking"}, {"start": "00:27:57", "end": "00:28:02", "text": "the can down the road kind of thing. And"}, {"start": "00:28:01", "end": "00:28:07", "text": "I think many of these people expect"}, {"start": "00:28:02", "end": "00:28:10", "text": "people in crypto to kind of forget"}, {"start": "00:28:07", "end": "00:28:11", "text": "that they've said stuff."}, {"start": "00:28:10", "end": "00:28:14", "text": "Michael Sailor, we are never going to"}, {"start": "00:28:11", "end": "00:28:16", "text": "sell Bitcoin. Sells Bitcoin. Michael"}, {"start": "00:28:14", "end": "00:28:20", "text": "Sailor says, I'm a Bitcoin maximalist"}, {"start": "00:28:16", "end": "00:28:23", "text": "and nothing else. Bitcoin's boring."}, {"start": "00:28:20", "end": "00:28:26", "text": "I I I can't say those words, but there"}, {"start": "00:28:23", "end": "00:28:29", "text": "was someone very famously years ago at a"}, {"start": "00:28:26", "end": "00:28:32", "text": "at a cryptocurrency party um who after"}, {"start": "00:28:29", "end": "00:28:34", "text": "having uh maybe one too many uh had a"}, {"start": "00:28:32", "end": "00:28:38", "text": "microphone in front of his face and he"}, {"start": "00:28:34", "end": "00:28:41", "text": "said the words, \"Buy my coin. Buy my"}, {"start": "00:28:38", "end": "00:28:43", "text": "coin. It's it's a we all know it's a"}, {"start": "00:28:41", "end": "00:28:45", "text": "coin. Just buy it. Just buy it.\" And I"}, {"start": "00:28:43", "end": "00:28:48", "text": "was like, I'm I'm glad you said it out"}, {"start": "00:28:45", "end": "00:28:48", "text": "loud."}, {"start": "00:28:48", "end": "00:28:53", "text": "So"}, {"start": "00:28:51", "end": "00:28:55", "text": "who are the companies who are tokenized?"}, {"start": "00:28:53", "end": "00:28:59", "text": "That that shouldn't even that part"}, {"start": "00:28:55", "end": "00:29:01", "text": "shouldn't even be kept silent."}, {"start": "00:28:59", "end": "00:29:05", "text": "If the point of tokenization is for the"}, {"start": "00:29:01", "end": "00:29:07", "text": "actual public usage of buying bonds and"}, {"start": "00:29:05", "end": "00:29:09", "text": "real estate and and you know these"}, {"start": "00:29:07", "end": "00:29:12", "text": "assets on chain so that the companies"}, {"start": "00:29:09", "end": "00:29:15", "text": "can actually benefit from their assets"}, {"start": "00:29:12", "end": "00:29:17", "text": "being tokenized. We should probably"}, {"start": "00:29:15", "end": "00:29:20", "text": "know, you know, who's who's putting"}, {"start": "00:29:17", "end": "00:29:23", "text": "their stuff on chain. We've had some"}, {"start": "00:29:20", "end": "00:29:24", "text": "pretty big names, but it's also not like"}, {"start": "00:29:23", "end": "00:29:26", "text": "a hundred companies who've been"}, {"start": "00:29:24", "end": "00:29:32", "text": "announced to actually do it like we were"}, {"start": "00:29:26", "end": "00:29:34", "text": "told around since last summer or so."}, {"start": "00:29:32", "end": "00:29:37", "text": "I think it would help us have better"}, {"start": "00:29:34", "end": "00:29:40", "text": "expectations as to kind of what to"}, {"start": "00:29:37", "end": "00:29:42", "text": "expect from the market. If people are"}, {"start": "00:29:40", "end": "00:29:44", "text": "entering the cryptocurrency market"}, {"start": "00:29:42", "end": "00:29:47", "text": "believing and we've never had the number"}, {"start": "00:29:44", "end": "00:29:50", "text": "40 before, believing that there are 40"}, {"start": "00:29:47", "end": "00:29:52", "text": "plus plus"}, {"start": "00:29:50", "end": "00:29:54", "text": "countries who are buying up huge amounts"}, {"start": "00:29:52", "end": "00:29:58", "text": "of crypto and then the numbers around"}, {"start": "00:29:54", "end": "00:30:00", "text": "like seven or eight and two of those got"}, {"start": "00:29:58", "end": "00:30:03", "text": "it from from seizures."}, {"start": "00:30:00", "end": "00:30:05", "text": "Well, then the number is not completely"}, {"start": "00:30:03", "end": "00:30:08", "text": "correct."}, {"start": "00:30:05", "end": "00:30:10", "text": "If we're constantly hearing that there"}, {"start": "00:30:08", "end": "00:30:13", "text": "are is and and this this goes to Ripple"}, {"start": "00:30:10", "end": "00:30:13", "text": "as well."}, {"start": "00:30:14", "end": "00:30:18", "text": "Every time people from Ripple get on"}, {"start": "00:30:16", "end": "00:30:20", "text": "stage, they keep announcing we're"}, {"start": "00:30:18", "end": "00:30:23", "text": "working with tons of banks around the"}, {"start": "00:30:20", "end": "00:30:25", "text": "world. We're we're currently working"}, {"start": "00:30:23", "end": "00:30:29", "text": "with dozens of bank. You can find the"}, {"start": "00:30:25", "end": "00:30:29", "text": "news articles online."}, {"start": "00:30:29", "end": "00:30:35", "text": "I understand that not all banks maybe"}, {"start": "00:30:32", "end": "00:30:39", "text": "don't want to disclose this openly right"}, {"start": "00:30:35", "end": "00:30:42", "text": "now, but why not? There's no real like"}, {"start": "00:30:39", "end": "00:30:45", "text": "first mover advantage anymore. If you"}, {"start": "00:30:42", "end": "00:30:49", "text": "have 24 plus of you all doing the exact"}, {"start": "00:30:45", "end": "00:30:51", "text": "same thing, XRP's price isn't over $10."}, {"start": "00:30:49", "end": "00:30:54", "text": "you guys aren't really causing like a"}, {"start": "00:30:51", "end": "00:30:56", "text": "flood of money to like flow into the"}, {"start": "00:30:54", "end": "00:30:59", "text": "market to be able, you know, oh no, we"}, {"start": "00:30:56", "end": "00:31:01", "text": "got to buy at $4 now. No, the price is"}, {"start": "00:30:59", "end": "00:31:02", "text": "pretty stagnant. I'm pretty sure you can"}, {"start": "00:31:01", "end": "00:31:04", "text": "buy up as much as you want while also"}, {"start": "00:31:02", "end": "00:31:06", "text": "announcing that you're going to be"}, {"start": "00:31:04", "end": "00:31:08", "text": "putting your assets on top of the XRP"}, {"start": "00:31:06", "end": "00:31:11", "text": "ledger like we've been hearing from"}, {"start": "00:31:08", "end": "00:31:13", "text": "Ripple for some time now. Who are the"}, {"start": "00:31:11", "end": "00:31:15", "text": "companies using Ethereum?"}, {"start": "00:31:13", "end": "00:31:17", "text": "Are there more than three companies"}, {"start": "00:31:15", "end": "00:31:19", "text": "actually using Polygon?"}, {"start": "00:31:17", "end": "00:31:23", "text": "how many countries are actually buying."}, {"start": "00:31:19", "end": "00:31:25", "text": "And it's one thing to try and if we had"}, {"start": "00:31:23", "end": "00:31:28", "text": "actual figures and names, it would still"}, {"start": "00:31:25", "end": "00:31:32", "text": "be significant, understand what it means"}, {"start": "00:31:28", "end": "00:31:34", "text": "for one country,"}, {"start": "00:31:32", "end": "00:31:36", "text": "195 countries on the planet for one to"}, {"start": "00:31:34", "end": "00:31:38", "text": "stand up and say, you know what, we're"}, {"start": "00:31:36", "end": "00:31:40", "text": "going to buy Bitcoin. We're going to"}, {"start": "00:31:38", "end": "00:31:44", "text": "mine it. If we only had seven, it's"}, {"start": "00:31:40", "end": "00:31:48", "text": "still a strong figure that shows that we"}, {"start": "00:31:44", "end": "00:31:51", "text": "are moving in one generalized direction."}, {"start": "00:31:48", "end": "00:31:54", "text": "If Ripple was like, \"Hey, we currently"}, {"start": "00:31:51", "end": "00:31:56", "text": "are only working with eight banks,"}, {"start": "00:31:54", "end": "00:31:58", "text": "24. We thought that was the number, but"}, {"start": "00:31:56", "end": "00:32:01", "text": "these eight banks are going to be"}, {"start": "00:31:58", "end": "00:32:03", "text": "sending a billion dollars per week"}, {"start": "00:32:01", "end": "00:32:05", "text": "through XRP and the stable coin. That's"}, {"start": "00:32:03", "end": "00:32:07", "text": "still significant up from the number"}, {"start": "00:32:05", "end": "00:32:10", "text": "zero.\""}, {"start": "00:32:07", "end": "00:32:12", "text": "There seems to be like a bloat kind of"}, {"start": "00:32:10", "end": "00:32:14", "text": "happening within the space and and I and"}, {"start": "00:32:12", "end": "00:32:17", "text": "I said it before and I'll say it again."}, {"start": "00:32:14", "end": "00:32:19", "text": "I think we need this to happen and"}, {"start": "00:32:17", "end": "00:32:22", "text": "whatever the truth might actually be, it"}, {"start": "00:32:19", "end": "00:32:24", "text": "needs to it needs to take place."}, {"start": "00:32:22", "end": "00:32:26", "text": "We needed from Micro Strategy to"}, {"start": "00:32:24", "end": "00:32:27", "text": "overextend and be billions of dollars in"}, {"start": "00:32:26", "end": "00:32:28", "text": "debt and actually have to sell Bitcoin"}, {"start": "00:32:27", "end": "00:32:30", "text": "because this will stop other companies"}, {"start": "00:32:28", "end": "00:32:32", "text": "in the future from trying to get in"}, {"start": "00:32:30", "end": "00:32:33", "text": "their exact same position so that these"}, {"start": "00:32:32", "end": "00:32:35", "text": "future companies will begin to buy"}, {"start": "00:32:33", "end": "00:32:37", "text": "Bitcoin, but they'll do it more"}, {"start": "00:32:35", "end": "00:32:39", "text": "methodically. they'll do it more, you"}, {"start": "00:32:37", "end": "00:32:41", "text": "know, on a on an even basis to not"}, {"start": "00:32:39", "end": "00:32:43", "text": "overextend so that they, you know, the"}, {"start": "00:32:41", "end": "00:32:45", "text": "market doesn't crash when a company"}, {"start": "00:32:43", "end": "00:32:46", "text": "announces that they're going to sell. If"}, {"start": "00:32:45", "end": "00:32:49", "text": "we have all these people leaving the"}, {"start": "00:32:46", "end": "00:32:51", "text": "Ethereum Foundation, it probably needed"}, {"start": "00:32:49", "end": "00:32:52", "text": "to happen. Let's get some new people in"}, {"start": "00:32:51", "end": "00:32:54", "text": "there. I don't know what the discussions"}, {"start": "00:32:52", "end": "00:32:56", "text": "were behind the scenes. No, we we we"}, {"start": "00:32:54", "end": "00:32:58", "text": "haven't been told, but let's get some"}, {"start": "00:32:56", "end": "00:32:59", "text": "new people in there. If Cardano is"}, {"start": "00:32:58", "end": "00:33:02", "text": "having a problem, let's talk about it in"}, {"start": "00:32:59", "end": "00:33:04", "text": "2026 and not in 2032."}, {"start": "00:33:02", "end": "00:33:06", "text": "Let's discuss it now. Let's have people"}, {"start": "00:33:04", "end": "00:33:08", "text": "leave the Cardano Foundation. Let's have"}, {"start": "00:33:06", "end": "00:33:10", "text": "a new face to the system, to the"}, {"start": "00:33:08", "end": "00:33:12", "text": "network, the people who go onto the news"}, {"start": "00:33:10", "end": "00:33:14", "text": "who talk about Cardano. Let's move"}, {"start": "00:33:12", "end": "00:33:16", "text": "forward at this point. If we had"}, {"start": "00:33:14", "end": "00:33:18", "text": "expectations that there were 25"}, {"start": "00:33:16", "end": "00:33:20", "text": "countries who were going to be buying"}, {"start": "00:33:18", "end": "00:33:23", "text": "and holding and using and trading"}, {"start": "00:33:20", "end": "00:33:25", "text": "Bitcoin and now the number seven or"}, {"start": "00:33:23", "end": "00:33:27", "text": "eight, you can tell us out loud. It"}, {"start": "00:33:25", "end": "00:33:29", "text": "would hurt for a couple of weeks, but"}, {"start": "00:33:27", "end": "00:33:31", "text": "then in 3 months we would hear an eighth"}, {"start": "00:33:29", "end": "00:33:34", "text": "country has officially come forward."}, {"start": "00:33:31", "end": "00:33:37", "text": "There's this kind of idea in crypto that"}, {"start": "00:33:34", "end": "00:33:39", "text": "like you have to hype up the hype."}, {"start": "00:33:37", "end": "00:33:42", "text": "Things just can't ever be remember I"}, {"start": "00:33:39", "end": "00:33:43", "text": "told you before uh that thing where"}, {"start": "00:33:42", "end": "00:33:46", "text": "people were getting upset because they"}, {"start": "00:33:43", "end": "00:33:48", "text": "were like uh why isn't Ripple doing"}, {"start": "00:33:46", "end": "00:33:51", "text": "more? And I was like these people have"}, {"start": "00:33:48", "end": "00:33:54", "text": "been working every single day for 13"}, {"start": "00:33:51", "end": "00:33:55", "text": "years. They like we know they've"}, {"start": "00:33:54", "end": "00:33:57", "text": "actually partnered with a number of"}, {"start": "00:33:55", "end": "00:33:59", "text": "countries and banks like those those"}, {"start": "00:33:57", "end": "00:34:01", "text": "informations like we actually have seen"}, {"start": "00:33:59", "end": "00:34:03", "text": "out in the open. But the problem is is"}, {"start": "00:34:01", "end": "00:34:06", "text": "that it's never enough for people in"}, {"start": "00:34:03", "end": "00:34:09", "text": "crypto. They always need more. It has to"}, {"start": "00:34:06", "end": "00:34:12", "text": "be more dramatic. It has to be crazier."}, {"start": "00:34:09", "end": "00:34:14", "text": "So if we had heard"}, {"start": "00:34:12", "end": "00:34:17", "text": "there's se seven countries who currently"}, {"start": "00:34:14", "end": "00:34:21", "text": "hold Bitcoin,"}, {"start": "00:34:17", "end": "00:34:25", "text": "there's nine companies who are currently"}, {"start": "00:34:21", "end": "00:34:27", "text": "working with or looking at Ethereum."}, {"start": "00:34:25", "end": "00:34:29", "text": "Cardano is getting a new rebrand and"}, {"start": "00:34:27", "end": "00:34:32", "text": "it's going to look like this."}, {"start": "00:34:29", "end": "00:34:33", "text": "Salana was hyped up when they when they"}, {"start": "00:34:32", "end": "00:34:35", "text": "launched the cell phone that no one"}, {"start": "00:34:33", "end": "00:34:36", "text": "used. But you know what? There's two"}, {"start": "00:34:35", "end": "00:34:38", "text": "companies who are actively looking at"}, {"start": "00:34:36", "end": "00:34:41", "text": "it."}, {"start": "00:34:38", "end": "00:34:44", "text": "We're in a brand new space. We're in a"}, {"start": "00:34:41", "end": "00:34:46", "text": "brand new market. We're all trying to"}, {"start": "00:34:44", "end": "00:34:50", "text": "figure this out together. The idea of"}, {"start": "00:34:46", "end": "00:34:52", "text": "saying 40 out loud is is is is diabolic."}, {"start": "00:34:50", "end": "00:34:53", "text": "The idea of all these huge gigantic"}, {"start": "00:34:52", "end": "00:34:55", "text": "numbers, once again, the same with"}, {"start": "00:34:53", "end": "00:34:58", "text": "tokenization"}, {"start": "00:34:55", "end": "00:35:06", "text": "because imagine you've seen the numbers."}, {"start": "00:34:58", "end": "00:35:08", "text": "They're predicting 10, 15, 20 trillion"}, {"start": "00:35:06", "end": "00:35:13", "text": "in tokenized assets"}, {"start": "00:35:08", "end": "00:35:16", "text": "on Ethereum, Polygon, Salana, and XRP"}, {"start": "00:35:13", "end": "00:35:20", "text": "in three and a half years."}, {"start": "00:35:16", "end": "00:35:23", "text": "What happens if we get to the year 2030"}, {"start": "00:35:20", "end": "00:35:27", "text": "and there's like"}, {"start": "00:35:23", "end": "00:35:29", "text": "400 billion? still a significant amount,"}, {"start": "00:35:27", "end": "00:35:31", "text": "but it's not remotely close to what we"}, {"start": "00:35:29", "end": "00:35:33", "text": "were told. And then we start getting"}, {"start": "00:35:31", "end": "00:35:35", "text": "news again. Actually, guys, the next 10"}, {"start": "00:35:33", "end": "00:35:36", "text": "years, that's when we'll hit it. It's a"}, {"start": "00:35:35", "end": "00:35:39", "text": "lie."}, {"start": "00:35:36", "end": "00:35:41", "text": "There was no need to have to say all"}, {"start": "00:35:39", "end": "00:35:42", "text": "those like fantastical things if you"}, {"start": "00:35:41", "end": "00:35:43", "text": "knew that they weren't going to happen"}, {"start": "00:35:42", "end": "00:35:46", "text": "or if you knew that the numbers were"}, {"start": "00:35:43", "end": "00:35:48", "text": "going to be smaller. 400 billion is"}, {"start": "00:35:46", "end": "00:35:51", "text": "still a huge amount of money to be on"}, {"start": "00:35:48", "end": "00:35:54", "text": "chain. But then also,"}, {"start": "00:35:51", "end": "00:35:58", "text": "where's the $250,000 Bitcoin?"}, {"start": "00:35:54", "end": "00:36:03", "text": "Where exactly in 2026 from Tom Lee,"}, {"start": "00:35:58", "end": "00:36:03", "text": "where's the $15,000 Ether coming from?"}, {"start": "00:36:05", "end": "00:36:09", "text": "It says a growing list of countries"}, {"start": "00:36:07", "end": "00:36:12", "text": "committing to Bitcoin even before large"}, {"start": "00:36:09", "end": "00:36:14", "text": "purchases follow adds a structural"}, {"start": "00:36:12", "end": "00:36:16", "text": "argument for Bitcoin as a reserve asset"}, {"start": "00:36:14", "end": "00:36:18", "text": "candidate"}, {"start": "00:36:16", "end": "00:36:20", "text": "uh that can support long-term"}, {"start": "00:36:18", "end": "00:36:22", "text": "traditional interest and chip away at"}, {"start": "00:36:20", "end": "00:36:26", "text": "Bitcoin's reputation as a purely"}, {"start": "00:36:22", "end": "00:36:26", "text": "speculative trade."}, {"start": "00:36:28", "end": "00:36:33", "text": "So"}, {"start": "00:36:30", "end": "00:36:36", "text": "I still wonder what happens now."}, {"start": "00:36:33", "end": "00:36:39", "text": "I feel like uh we're kind of getting to"}, {"start": "00:36:36", "end": "00:36:41", "text": "the truth. You if you've watched the"}, {"start": "00:36:39", "end": "00:36:43", "text": "videos the last uh couple of weeks, you"}, {"start": "00:36:41", "end": "00:36:45", "text": "you you like you feel it. Something"}, {"start": "00:36:43", "end": "00:36:48", "text": "feels like I don't want to say the term"}, {"start": "00:36:45", "end": "00:36:49", "text": "shifted,"}, {"start": "00:36:48", "end": "00:36:53", "text": "but it feels like things are getting"}, {"start": "00:36:49", "end": "00:36:55", "text": "more realistic again in terms of like"}, {"start": "00:36:53", "end": "00:36:57", "text": "adoption levels and movements and things"}, {"start": "00:36:55", "end": "00:36:59", "text": "like that. The prices still don't make"}, {"start": "00:36:57", "end": "00:37:02", "text": "any sense. Zero. Even from the adoption"}, {"start": "00:36:59", "end": "00:37:04", "text": "that we've actually seen, I can't"}, {"start": "00:37:02", "end": "00:37:07", "text": "imagine hearing"}, {"start": "00:37:04", "end": "00:37:09", "text": "Visa and Mastercard, Black Rockck,"}, {"start": "00:37:07", "end": "00:37:11", "text": "Goldman Sachs, Morgan Stanley are"}, {"start": "00:37:09", "end": "00:37:14", "text": "throwing all of their support behind"}, {"start": "00:37:11", "end": "00:37:17", "text": "Nvidia and Amazon"}, {"start": "00:37:14", "end": "00:37:21", "text": "and then the stock prices go back down"}, {"start": "00:37:17", "end": "00:37:21", "text": "to where they were in 2021."}, {"start": "00:37:23", "end": "00:37:29", "text": "Well, that is definitely going to do it"}, {"start": "00:37:26", "end": "00:37:31", "text": "for this video, everyone."}, {"start": "00:37:29", "end": "00:37:35", "text": "I sincerely hope that you are all doing"}, {"start": "00:37:31", "end": "00:37:37", "text": "well. Um I dare say let me know what you"}, {"start": "00:37:35", "end": "00:37:40", "text": "think, but I would logically assume that"}, {"start": "00:37:37", "end": "00:37:41", "text": "we're roughly on the same page. We've"}, {"start": "00:37:40", "end": "00:37:43", "text": "dealt with this for years in crypto."}, {"start": "00:37:41", "end": "00:37:45", "text": "There's there's this kind of like"}, {"start": "00:37:43", "end": "00:37:46", "text": "mysticism around things that are"}, {"start": "00:37:45", "end": "00:37:50", "text": "supposed to happen or whatever happening"}, {"start": "00:37:46", "end": "00:37:53", "text": "and it's like just tell us the truth."}, {"start": "00:37:50", "end": "00:37:54", "text": "You said the number 40 countries out"}, {"start": "00:37:53", "end": "00:37:58", "text": "loud"}, {"start": "00:37:54", "end": "00:37:58", "text": "and where's the list?"}, {"start": "00:37:58", "end": "00:38:03", "text": "Uh hope you all enjoyed. Hope you all"}, {"start": "00:38:01", "end": "00:38:05", "text": "are having a great day, morning,"}, {"start": "00:38:03", "end": "00:38:07", "text": "afternoon, evening, wherever you are,"}, {"start": "00:38:05", "end": "00:38:10", "text": "wherever you might be. I do hope that it"}, {"start": "00:38:07", "end": "00:38:12", "text": "is absolutely fantastic. Thank you all"}, {"start": "00:38:10", "end": "00:38:13", "text": "once again for watching, listening,"}, {"start": "00:38:12", "end": "00:38:17", "text": "liking, commenting, and supporting. And"}, {"start": "00:38:13", "end": "00:38:20", "text": "I will most certainly be talking to you"}, {"start": "00:38:17", "end": "00:38:23", "text": "all soon."}, {"start": "00:38:20", "end": "00:38:23", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:11", "text": "Welcome back to the channel."}, {"start": "00:00:07", "end": "00:00:14", "text": "Welcome back for another video."}, {"start": "00:00:11", "end": "00:00:17", "text": "Hope you're all doing great. Is everyone"}, {"start": "00:00:14", "end": "00:00:20", "text": "out there doing okay? Y'all you all"}, {"start": "00:00:17", "end": "00:00:22", "text": "doing fantastic? You all remembering to"}, {"start": "00:00:20", "end": "00:00:24", "text": "invest? What are you buying? What are"}, {"start": "00:00:22", "end": "00:00:26", "text": "you investing in? What coin should"}, {"start": "00:00:24", "end": "00:00:28", "text": "everyone be getting right now? Because"}, {"start": "00:00:26", "end": "00:00:30", "text": "there's always an answer. The answer"}, {"start": "00:00:28", "end": "00:00:33", "text": "usually fluctuates. Everyone has their"}, {"start": "00:00:30", "end": "00:00:35", "text": "own cryptocurrency that they think"}, {"start": "00:00:33", "end": "00:00:38", "text": "everyone should be buying. I don't I"}, {"start": "00:00:35", "end": "00:00:41", "text": "don't tell you mine because I I I try to"}, {"start": "00:00:38", "end": "00:00:44", "text": "be impartial, but it looks like certain"}, {"start": "00:00:41", "end": "00:00:46", "text": "coins are um"}, {"start": "00:00:44", "end": "00:00:50", "text": "going to do a little bit better than"}, {"start": "00:00:46", "end": "00:00:56", "text": "others. Very big thank you to Finley"}, {"start": "00:00:50", "end": "00:00:58", "text": "Bass, Gilboa Snake, and Trent Jackson."}, {"start": "00:00:56", "end": "00:01:00", "text": "Very big thank you to my Patreon"}, {"start": "00:00:58", "end": "00:01:04", "text": "supporters."}, {"start": "00:01:00", "end": "00:01:08", "text": "You guys are awesome. Uh yeah, without"}, {"start": "00:01:04", "end": "00:01:12", "text": "any further ado, let's jump back into"}, {"start": "00:01:08", "end": "00:01:15", "text": "the mix. The cryptocurrency space is"}, {"start": "00:01:12", "end": "00:01:17", "text": "always intense. I do not think this is"}, {"start": "00:01:15", "end": "00:01:20", "text": "going to be something that is ever going"}, {"start": "00:01:17", "end": "00:01:24", "text": "to change. And I guess we're kind of"}, {"start": "00:01:20", "end": "00:01:28", "text": "we're kind of used to it kind of uh at"}, {"start": "00:01:24", "end": "00:01:32", "text": "this point. It would appear"}, {"start": "00:01:28", "end": "00:01:34", "text": "that once again high levels of optimism"}, {"start": "00:01:32", "end": "00:01:38", "text": "have uh found its way back to the"}, {"start": "00:01:34", "end": "00:01:40", "text": "cryptocurrency market. We had a few days"}, {"start": "00:01:38", "end": "00:01:44", "text": "over the last three or so weeks that"}, {"start": "00:01:40", "end": "00:01:46", "text": "seemed lightly negative. Uh more news"}, {"start": "00:01:44", "end": "00:01:49", "text": "about retail investors leaving the"}, {"start": "00:01:46", "end": "00:01:53", "text": "cryptocurrency market. Apparently"}, {"start": "00:01:49", "end": "00:01:57", "text": "adoption is continuing in unforeseen"}, {"start": "00:01:53", "end": "00:02:00", "text": "ways. A lot of companies have used the"}, {"start": "00:01:57", "end": "00:02:02", "text": "lowering of prices to kind of re-enter."}, {"start": "00:02:00", "end": "00:02:04", "text": "Actually, I have to I'll I'll I'll try"}, {"start": "00:02:02", "end": "00:02:07", "text": "and find it for you tomorrow. There was"}, {"start": "00:02:04", "end": "00:02:10", "text": "an article discussing apparently tons of"}, {"start": "00:02:07", "end": "00:02:13", "text": "um if I remember correctly. I think it"}, {"start": "00:02:10", "end": "00:02:15", "text": "was tons of companies in the Middle"}, {"start": "00:02:13", "end": "00:02:16", "text": "East. I think I think I think I think I"}, {"start": "00:02:15", "end": "00:02:18", "text": "think I think that's what it was. Tons"}, {"start": "00:02:16", "end": "00:02:21", "text": "of companies basically like seeing the"}, {"start": "00:02:18", "end": "00:02:24", "text": "prices uh lower as like this crazy"}, {"start": "00:02:21", "end": "00:02:25", "text": "buying opportunity. not like, oh yeah,"}, {"start": "00:02:24", "end": "00:02:28", "text": "you know, let's go get some, but like"}, {"start": "00:02:25", "end": "00:02:33", "text": "this is kind of like their moment to"}, {"start": "00:02:28", "end": "00:02:35", "text": "enter the actual market. So yes, as we"}, {"start": "00:02:33", "end": "00:02:40", "text": "continue to move forward, adoption"}, {"start": "00:02:35", "end": "00:02:44", "text": "continues, it's just now a question of I"}, {"start": "00:02:40", "end": "00:02:46", "text": "dare say the word when. Uh prices will"}, {"start": "00:02:44", "end": "00:02:49", "text": "actually reflect"}, {"start": "00:02:46", "end": "00:02:52", "text": "all the adoption and buying that's been"}, {"start": "00:02:49", "end": "00:02:54", "text": "going on."}, {"start": "00:02:52", "end": "00:02:57", "text": "In a"}, {"start": "00:02:54", "end": "00:02:59", "text": "very popular news today, I guess this"}, {"start": "00:02:57", "end": "00:03:02", "text": "also would tie into it nearly directly"}, {"start": "00:02:59", "end": "00:03:07", "text": "to what we were just talking about. It"}, {"start": "00:03:02", "end": "00:03:12", "text": "says UAE based Goldman Lampa private"}, {"start": "00:03:07", "end": "00:03:16", "text": "bank has apparently purchased"}, {"start": "00:03:12", "end": "00:03:20", "text": "12 million worth of Bitcoin during the"}, {"start": "00:03:16", "end": "00:03:23", "text": "recent cryptocurrency market pullback."}, {"start": "00:03:20", "end": "00:03:25", "text": "This is according to Bitcoin magazine."}, {"start": "00:03:23", "end": "00:03:29", "text": "The bank made the purchase after"}, {"start": "00:03:25", "end": "00:03:31", "text": "Bitcoin's price fell sharply in June,"}, {"start": "00:03:29", "end": "00:03:34", "text": "adding to a series of institutional"}, {"start": "00:03:31", "end": "00:03:39", "text": "investments during the market downturn."}, {"start": "00:03:34", "end": "00:03:40", "text": "Yeah, it's been now I"}, {"start": "00:03:39", "end": "00:03:45", "text": "try"}, {"start": "00:03:40", "end": "00:03:49", "text": "I try not to be a tinfoil hat person,"}, {"start": "00:03:45", "end": "00:03:52", "text": "but I find it interesting"}, {"start": "00:03:49", "end": "00:03:55", "text": "that a lot of buying was happening by"}, {"start": "00:03:52", "end": "00:03:57", "text": "banks and companies in 2025 of crypto."}, {"start": "00:03:55", "end": "00:03:59", "text": "Obviously,"}, {"start": "00:03:57", "end": "00:04:03", "text": "uh, a lot of that slowed down and then"}, {"start": "00:03:59", "end": "00:04:06", "text": "for some reason the price got to around"}, {"start": "00:04:03", "end": "00:04:07", "text": "60,000 and that was like the jumping"}, {"start": "00:04:06", "end": "00:04:11", "text": "point"}, {"start": "00:04:07", "end": "00:04:11", "text": "for everyone."}, {"start": "00:04:11", "end": "00:04:19", "text": "So, um I just assume very wealthy people"}, {"start": "00:04:15", "end": "00:04:22", "text": "probably have specific entry points, but"}, {"start": "00:04:19", "end": "00:04:23", "text": "sometimes I do wonder like you all"}, {"start": "00:04:22", "end": "00:04:26", "text": "thought the exact same thing at the"}, {"start": "00:04:23", "end": "00:04:30", "text": "exact same time, but here we are. It"}, {"start": "00:04:26", "end": "00:04:33", "text": "says, and I quote, \"Bitcoin continues to"}, {"start": "00:04:30", "end": "00:04:37", "text": "demonstrate remarkable resilience as a"}, {"start": "00:04:33", "end": "00:04:40", "text": "store of value and strategic asset,\""}, {"start": "00:04:37", "end": "00:04:45", "text": "said the bank."}, {"start": "00:04:40", "end": "00:04:46", "text": "Chairman Abdullah Hammad Al Shamsi said"}, {"start": "00:04:45", "end": "00:04:50", "text": "the purchase reflects the bank's"}, {"start": "00:04:46", "end": "00:04:52", "text": "long-term view of Bitcoin. He said,"}, {"start": "00:04:50", "end": "00:04:54", "text": "\"Bitcoin continues to demonstrate"}, {"start": "00:04:52", "end": "00:04:57", "text": "remarkable resilience.\" The words that"}, {"start": "00:04:54", "end": "00:05:01", "text": "we just went over. Fantastic. He added,"}, {"start": "00:04:57", "end": "00:05:03", "text": "\"By capitalizing on this market dip, we"}, {"start": "00:05:01", "end": "00:05:05", "text": "are not only enhancing our institutional"}, {"start": "00:05:03", "end": "00:05:07", "text": "holdings, but also reaffirming our"}, {"start": "00:05:05", "end": "00:05:09", "text": "leadership in bridging traditional"}, {"start": "00:05:07", "end": "00:05:13", "text": "private banking with cryptocurrency"}, {"start": "00:05:09", "end": "00:05:16", "text": "solutions. As the first bank globally to"}, {"start": "00:05:13", "end": "00:05:18", "text": "offer crypto term deposits, we remain"}, {"start": "00:05:16", "end": "00:05:20", "text": "dedicated to providing our clients with"}, {"start": "00:05:18", "end": "00:05:24", "text": "secure"}, {"start": "00:05:20", "end": "00:05:30", "text": "regulated access to digital assets.\""}, {"start": "00:05:24", "end": "00:05:32", "text": "Yeah. This is in, let's be honest here,"}, {"start": "00:05:30", "end": "00:05:34", "text": "120 million is is probably the the"}, {"start": "00:05:32", "end": "00:05:38", "text": "amount that Micro Strategy should have"}, {"start": "00:05:34", "end": "00:05:39", "text": "been buying every month. We I know we"}, {"start": "00:05:38", "end": "00:05:43", "text": "went over it, but yeah, they're"}, {"start": "00:05:39", "end": "00:05:47", "text": "collapsing under debt. So, yeah, another"}, {"start": "00:05:43", "end": "00:05:49", "text": "bank has entered the chat as a daily"}, {"start": "00:05:47", "end": "00:05:52", "text": "news person. It says that they've"}, {"start": "00:05:49", "end": "00:05:55", "text": "purchased more."}, {"start": "00:05:52", "end": "00:05:58", "text": "I do not remember ever saying Goldman"}, {"start": "00:05:55", "end": "00:06:02", "text": "Lamp private bank, what have you. A lot"}, {"start": "00:05:58", "end": "00:06:05", "text": "of times I do wonder where this is all"}, {"start": "00:06:02", "end": "00:06:07", "text": "going to lead. I I I don't know if I"}, {"start": "00:06:05", "end": "00:06:12", "text": "ever mentioned this before. I love like"}, {"start": "00:06:07", "end": "00:06:15", "text": "futuristic movies. Not like like them. I"}, {"start": "00:06:12", "end": "00:06:17", "text": "love them. Anything with like a like a"}, {"start": "00:06:15", "end": "00:06:20", "text": "dystopian flare. Have you ever seen the"}, {"start": "00:06:17", "end": "00:06:21", "text": "movie Alisium? something something like"}, {"start": "00:06:20", "end": "00:06:25", "text": "anything like that with robots in the"}, {"start": "00:06:21", "end": "00:06:27", "text": "future hundred years and I always not"}, {"start": "00:06:25", "end": "00:06:31", "text": "that I imagine the future like that so"}, {"start": "00:06:27", "end": "00:06:33", "text": "much but I do wonder these purchases are"}, {"start": "00:06:31", "end": "00:06:35", "text": "leading to something"}, {"start": "00:06:33", "end": "00:06:38", "text": "these banks and these companies aren't"}, {"start": "00:06:35", "end": "00:06:41", "text": "purchasing Bitcoin because they only"}, {"start": "00:06:38", "end": "00:06:43", "text": "think it's cool in their regard it's"}, {"start": "00:06:41", "end": "00:06:46", "text": "something that's going to like take off"}, {"start": "00:06:43", "end": "00:06:49", "text": "that's going to be widely used"}, {"start": "00:06:46", "end": "00:06:53", "text": "so I kind of I'll tell you I kind of"}, {"start": "00:06:49", "end": "00:06:55", "text": "imagine the future looking like very"}, {"start": "00:06:53", "end": "00:06:57", "text": "like Dubaiesque. I I don't know if that"}, {"start": "00:06:55", "end": "00:07:01", "text": "makes any sense. I kind of imagine these"}, {"start": "00:06:57", "end": "00:07:05", "text": "like enclaves of like very wealthy"}, {"start": "00:07:01", "end": "00:07:08", "text": "cities. Not like rich cities, but like"}, {"start": "00:07:05", "end": "00:07:10", "text": "extremely wealthy. Like there are drones"}, {"start": "00:07:08", "end": "00:07:12", "text": "flying everywhere, self-driving cars."}, {"start": "00:07:10", "end": "00:07:14", "text": "There are robots. There aren't really"}, {"start": "00:07:12", "end": "00:07:15", "text": "workers because like the robots are"}, {"start": "00:07:14", "end": "00:07:19", "text": "doing like all the heavy lifting, the"}, {"start": "00:07:15", "end": "00:07:22", "text": "cleaning and stuff like that. but like"}, {"start": "00:07:19", "end": "00:07:23", "text": "almost like an an incredibly wealthy"}, {"start": "00:07:22", "end": "00:07:26", "text": "paradise"}, {"start": "00:07:23", "end": "00:07:30", "text": "for those that have crypto. I don't know"}, {"start": "00:07:26", "end": "00:07:32", "text": "if anyone else has the same"}, {"start": "00:07:30", "end": "00:07:34", "text": "mental delusions that I have, but I"}, {"start": "00:07:32", "end": "00:07:37", "text": "always imagine like"}, {"start": "00:07:34", "end": "00:07:40", "text": "gigantic cities that kind of grow from"}, {"start": "00:07:37", "end": "00:07:43", "text": "nothing filled with very wealthy people"}, {"start": "00:07:40", "end": "00:07:48", "text": "that are like"}, {"start": "00:07:43", "end": "00:07:50", "text": "800 miles away from any like normal"}, {"start": "00:07:48", "end": "00:07:53", "text": "people. I kind of imagine the future of"}, {"start": "00:07:50", "end": "00:07:55", "text": "crypto to be like a if you have some"}, {"start": "00:07:53", "end": "00:07:57", "text": "then you are like you're doing good."}, {"start": "00:07:55", "end": "00:07:59", "text": "Maybe I get that from Do you remember"}, {"start": "00:07:57", "end": "00:08:03", "text": "the um"}, {"start": "00:07:59", "end": "00:08:05", "text": "was it the Bitcoin time traveler?"}, {"start": "00:08:03", "end": "00:08:08", "text": "I'm I'm trying to remember, but there"}, {"start": "00:08:05", "end": "00:08:09", "text": "was something years ago. It it must have"}, {"start": "00:08:08", "end": "00:08:13", "text": "been that if you don't know the Bitcoin"}, {"start": "00:08:09", "end": "00:08:16", "text": "time traveler that had that had the"}, {"start": "00:08:13", "end": "00:08:20", "text": "cryptocurrency space by like a by a hold"}, {"start": "00:08:16", "end": "00:08:23", "text": "many many years ago. Somebody wrote on"}, {"start": "00:08:20", "end": "00:08:25", "text": "Reddit"}, {"start": "00:08:23", "end": "00:08:28", "text": "in like was it 2014 or something that"}, {"start": "00:08:25", "end": "00:08:30", "text": "they were from the future and they were"}, {"start": "00:08:28", "end": "00:08:32", "text": "talking about is that where all this"}, {"start": "00:08:30", "end": "00:08:34", "text": "stuff stems from? They were talking"}, {"start": "00:08:32", "end": "00:08:36", "text": "about that they were from the future."}, {"start": "00:08:34", "end": "00:08:38", "text": "They had been sent back in time. I think"}, {"start": "00:08:36", "end": "00:08:40", "text": "it was to accumulate Bitcoin. I don't"}, {"start": "00:08:38", "end": "00:08:42", "text": "really remember but they were talking"}, {"start": "00:08:40", "end": "00:08:45", "text": "about how expensive Bitcoin was. That"}, {"start": "00:08:42", "end": "00:08:48", "text": "Bitcoin no longer in their time had like"}, {"start": "00:08:45", "end": "00:08:50", "text": "a US dollar denomination. It was simply"}, {"start": "00:08:48", "end": "00:08:51", "text": "like everything was just priced in"}, {"start": "00:08:50", "end": "00:08:53", "text": "Bitcoin."}, {"start": "00:08:51", "end": "00:08:55", "text": "I think they said something about the"}, {"start": "00:08:53", "end": "00:08:57", "text": "2030s and 2040s"}, {"start": "00:08:55", "end": "00:09:01", "text": "and basically if you wanted to be"}, {"start": "00:08:57", "end": "00:09:04", "text": "wealthy, like not like rich, wealthy,"}, {"start": "00:09:01", "end": "00:09:06", "text": "like the step above, you only needed"}, {"start": "00:09:04", "end": "00:09:07", "text": "0.01"}, {"start": "00:09:06", "end": "00:09:09", "text": "Bitcoin."}, {"start": "00:09:07", "end": "00:09:11", "text": "That might be where a lot of like the"}, {"start": "00:09:09", "end": "00:09:13", "text": "mysticism comes from. If you weren't"}, {"start": "00:09:11", "end": "00:09:15", "text": "here years ago, there was always like a"}, {"start": "00:09:13", "end": "00:09:17", "text": "huge discussion, how much Bitcoin do you"}, {"start": "00:09:15", "end": "00:09:19", "text": "need? How much Bitcoin should you have?"}, {"start": "00:09:17", "end": "00:09:21", "text": "How much like how much Bitcoin should I"}, {"start": "00:09:19", "end": "00:09:23", "text": "buy? That I mean it was big. It was"}, {"start": "00:09:21", "end": "00:09:26", "text": "huge. It was all everybody was talking"}, {"start": "00:09:23", "end": "00:09:29", "text": "about. And the number ended up falling"}, {"start": "00:09:26", "end": "00:09:32", "text": "around 0.01."}, {"start": "00:09:29", "end": "00:09:35", "text": "Those were based off of predictions from"}, {"start": "00:09:32", "end": "00:09:37", "text": "some of the earliest Bitcoin people that"}, {"start": "00:09:35", "end": "00:09:39", "text": "by the 2050s,"}, {"start": "00:09:37", "end": "00:09:41", "text": "2060s,"}, {"start": "00:09:39", "end": "00:09:46", "text": "we'd see a Bitcoin price of what would"}, {"start": "00:09:41", "end": "00:09:49", "text": "be the equivalent of 100 million US."}, {"start": "00:09:46", "end": "00:09:52", "text": "So therefore, having 0.01"}, {"start": "00:09:49", "end": "00:09:55", "text": "Bitcoin would put you in like, if you"}, {"start": "00:09:52", "end": "00:09:58", "text": "will, millionaire status. But because of"}, {"start": "00:09:55", "end": "00:10:02", "text": "deflation of Bitcoin, basically like"}, {"start": "00:09:58", "end": "00:10:05", "text": "prices of TVs and cars and homes had all"}, {"start": "00:10:02", "end": "00:10:07", "text": "like completely collapsed, if you will."}, {"start": "00:10:05", "end": "00:10:09", "text": "So if you had a million Satoshi's, you"}, {"start": "00:10:07", "end": "00:10:11", "text": "could live for the rest of your life"}, {"start": "00:10:09", "end": "00:10:15", "text": "with that million Satoshi's with no with"}, {"start": "00:10:11", "end": "00:10:17", "text": "no problem. That eventually morphed into"}, {"start": "00:10:15", "end": "00:10:19", "text": "0.28 Bitcoin if you weren't here for"}, {"start": "00:10:17", "end": "00:10:22", "text": "that. This crypto has such a crazy"}, {"start": "00:10:19", "end": "00:10:25", "text": "history. that eventually morphed into"}, {"start": "00:10:22", "end": "00:10:28", "text": "someone actually did the math. I can't"}, {"start": "00:10:25", "end": "00:10:30", "text": "imagine what the number is now. I cannot"}, {"start": "00:10:28", "end": "00:10:32", "text": "imagine what the actual number is. Back"}, {"start": "00:10:30", "end": "00:10:36", "text": "then,"}, {"start": "00:10:32", "end": "00:10:39", "text": "we saw that wallet has"}, {"start": "00:10:36", "end": "00:10:42", "text": "30,000 Bitcoin, that wallet has 10,000"}, {"start": "00:10:39", "end": "00:10:44", "text": "Bitcoin, that company has 5,000 Bitcoin."}, {"start": "00:10:42", "end": "00:10:50", "text": "And someone mathematically came up with"}, {"start": "00:10:44", "end": "00:10:51", "text": "the number and said, if you have 0.28 28"}, {"start": "00:10:50", "end": "00:10:55", "text": "Bitcoin,"}, {"start": "00:10:51", "end": "00:10:57", "text": "you are part of the 1%."}, {"start": "00:10:55", "end": "00:10:59", "text": "Like there's there are billions of"}, {"start": "00:10:57", "end": "00:11:02", "text": "people who will never ever have more"}, {"start": "00:10:59", "end": "00:11:04", "text": "Bitcoin than you. 0.28."}, {"start": "00:11:02", "end": "00:11:06", "text": "That took the crypto market by storm."}, {"start": "00:11:04", "end": "00:11:09", "text": "Everyone was like, \"Oh my gosh, you just"}, {"start": "00:11:06", "end": "00:11:12", "text": "need 0.28.\""}, {"start": "00:11:09", "end": "00:11:15", "text": "That was before Black Rockck. That was"}, {"start": "00:11:12", "end": "00:11:20", "text": "before Fidelity. That was before Micro"}, {"start": "00:11:15", "end": "00:11:20", "text": "Strategy. That was before MetaPlanet,"}, {"start": "00:11:20", "end": "00:11:26", "text": "Micro Strategy, and uh Black Rockck have"}, {"start": "00:11:23", "end": "00:11:28", "text": "over 800,000"}, {"start": "00:11:26", "end": "00:11:31", "text": "Bitcoin."}, {"start": "00:11:28", "end": "00:11:32", "text": "I would assume, and I I'm going to go"}, {"start": "00:11:31", "end": "00:11:35", "text": "hunting after this because I want to"}, {"start": "00:11:32", "end": "00:11:37", "text": "know what the number is."}, {"start": "00:11:35", "end": "00:11:40", "text": "I'm going to assume that the number is"}, {"start": "00:11:37", "end": "00:11:44", "text": "far less than 0.28."}, {"start": "00:11:40", "end": "00:11:47", "text": "It's probably around 0.05."}, {"start": "00:11:44", "end": "00:11:49", "text": "If you have it's more than likely 0.05"}, {"start": "00:11:47", "end": "00:11:51", "text": "Bitcoin like billions of people can"}, {"start": "00:11:49", "end": "00:11:54", "text": "never have more than you. If there's"}, {"start": "00:11:51", "end": "00:11:57", "text": "only if there's eight billion people and"}, {"start": "00:11:54", "end": "00:11:59", "text": "21 million Bitcoin it's impossible for"}, {"start": "00:11:57", "end": "00:12:01", "text": "everyone to have an entire coin. You get"}, {"start": "00:11:59", "end": "00:12:06", "text": "it? That would also mean if you have a"}, {"start": "00:12:01", "end": "00:12:08", "text": "tenth of a Bitcoin, if you have 0.1"}, {"start": "00:12:06", "end": "00:12:13", "text": "Bitcoin, that would be an equal"}, {"start": "00:12:08", "end": "00:12:13", "text": "allocation among 210 million people."}, {"start": "00:12:14", "end": "00:12:19", "text": "If you then raise it to 2.1 billion"}, {"start": "00:12:17", "end": "00:12:24", "text": "people, that means you having 0.01"}, {"start": "00:12:19", "end": "00:12:27", "text": "Bitcoin puts you ahead of another 6"}, {"start": "00:12:24", "end": "00:12:30", "text": "billion people. I'm going to assume the"}, {"start": "00:12:27", "end": "00:12:31", "text": "number is definitely less than 0.1. I'm"}, {"start": "00:12:30", "end": "00:12:33", "text": "going to go hunting after this cuz I'm"}, {"start": "00:12:31", "end": "00:12:37", "text": "I'm very fascinated to see if someone"}, {"start": "00:12:33", "end": "00:12:40", "text": "actually has it because think about it."}, {"start": "00:12:37", "end": "00:12:43", "text": "If two companies have 1.6 billion 1.6 6"}, {"start": "00:12:40", "end": "00:12:45", "text": "million Bitcoin,"}, {"start": "00:12:43", "end": "00:12:46", "text": "Coinbase and Tether, like the these also"}, {"start": "00:12:45", "end": "00:12:48", "text": "aren't going off of the numbers of like"}, {"start": "00:12:46", "end": "00:12:51", "text": "Tether buying and Coinbase buying and"}, {"start": "00:12:48", "end": "00:12:55", "text": "Goldman Sachs buying,"}, {"start": "00:12:51", "end": "00:12:58", "text": "etc., etc. What if the numbers like a"}, {"start": "00:12:55", "end": "00:13:03", "text": "100,000 Satoshi's"}, {"start": "00:12:58", "end": "00:13:06", "text": "if a bank just purchased another 120"}, {"start": "00:13:03", "end": "00:13:09", "text": "million Oh, that's euros as well. 12"}, {"start": "00:13:06", "end": "00:13:13", "text": "million euros worth of of Bitcoin"}, {"start": "00:13:09", "end": "00:13:15", "text": "that they announced out loud."}, {"start": "00:13:13", "end": "00:13:17", "text": "How many other family offices are buying"}, {"start": "00:13:15", "end": "00:13:21", "text": "a million dollars per per week or per"}, {"start": "00:13:17", "end": "00:13:24", "text": "month? There are a lot of there are is"}, {"start": "00:13:21", "end": "00:13:26", "text": "it 26 million millionaires on the"}, {"start": "00:13:24", "end": "00:13:28", "text": "planet."}, {"start": "00:13:26", "end": "00:13:32", "text": "Uh I also don't have it here but uh"}, {"start": "00:13:28", "end": "00:13:33", "text": "Grant Cardone at the same time that this"}, {"start": "00:13:32", "end": "00:13:36", "text": "happened also announced another massive"}, {"start": "00:13:33", "end": "00:13:38", "text": "Bitcoin purchase. I think that he also"}, {"start": "00:13:36", "end": "00:13:41", "text": "purch like like a couple thousand"}, {"start": "00:13:38", "end": "00:13:43", "text": "Bitcoin. Grant Cardone being uh popular"}, {"start": "00:13:41", "end": "00:13:46", "text": "in crypto now because a couple of months"}, {"start": "00:13:43", "end": "00:13:50", "text": "ago he announced that he was going to"}, {"start": "00:13:46", "end": "00:13:54", "text": "integrate Bitcoin into his uh"}, {"start": "00:13:50", "end": "00:13:56", "text": "billiondoll real estate property empire"}, {"start": "00:13:54", "end": "00:13:59", "text": "and that the money that he makes from"}, {"start": "00:13:56", "end": "00:14:01", "text": "rent he would use to start buying huge"}, {"start": "00:13:59", "end": "00:14:04", "text": "amounts of of Bitcoin as well. Do you"}, {"start": "00:14:01", "end": "00:14:07", "text": "understand my numbers? Think about that."}, {"start": "00:14:04", "end": "00:14:09", "text": "I wonder how much Bitcoin you need to be"}, {"start": "00:14:07", "end": "00:14:10", "text": "in like the top 1%. Like we're not"}, {"start": "00:14:09", "end": "00:14:15", "text": "talking about an entire coin. No one has"}, {"start": "00:14:10", "end": "00:14:18", "text": "an entire coin. That's not a thing."}, {"start": "00:14:15", "end": "00:14:20", "text": "I have a feeling it's like a very small"}, {"start": "00:14:18", "end": "00:14:24", "text": "amount of Bitcoin that would put you in"}, {"start": "00:14:20", "end": "00:14:28", "text": "like on easy street. A lot of times I"}, {"start": "00:14:24", "end": "00:14:31", "text": "really do when I imagine the future"}, {"start": "00:14:28", "end": "00:14:33", "text": "it looks like"}, {"start": "00:14:31", "end": "00:14:34", "text": "it looks like Dubai and I don't know"}, {"start": "00:14:33", "end": "00:14:36", "text": "why."}, {"start": "00:14:34", "end": "00:14:38", "text": "It's this like very wealthy city and"}, {"start": "00:14:36", "end": "00:14:41", "text": "it's just like if you get a chance watch"}, {"start": "00:14:38", "end": "00:14:44", "text": "the movie Elisium. E L Y S IU M. One of"}, {"start": "00:14:41", "end": "00:14:47", "text": "my favorite movies. I love once again"}, {"start": "00:14:44", "end": "00:14:49", "text": "anything futuristic. And Elisium is what"}, {"start": "00:14:47", "end": "00:14:50", "text": "I imagine the future is going to look"}, {"start": "00:14:49", "end": "00:14:53", "text": "like for people with cryp. It's not a"}, {"start": "00:14:50", "end": "00:14:54", "text": "joke. No. And no, scratch that. It's"}, {"start": "00:14:53", "end": "00:14:57", "text": "what I imagine the future is going to"}, {"start": "00:14:54", "end": "00:15:01", "text": "look like for people with assets."}, {"start": "00:14:57", "end": "00:15:03", "text": "Not even slightly remotely joking."}, {"start": "00:15:01", "end": "00:15:05", "text": "did not mean to spend so much time"}, {"start": "00:15:03", "end": "00:15:10", "text": "talking about uh science fiction in the"}, {"start": "00:15:05", "end": "00:15:12", "text": "movies that I love, but um yeah, I"}, {"start": "00:15:10", "end": "00:15:14", "text": "if we if we see the way that the world"}, {"start": "00:15:12", "end": "00:15:19", "text": "is moving now"}, {"start": "00:15:14", "end": "00:15:19", "text": "and people can't afford a 500 $500,"}, {"start": "00:15:21", "end": "00:15:26", "text": "that means they can't afford a,000, they"}, {"start": "00:15:23", "end": "00:15:28", "text": "sure as heck can't afford $3,000,"}, {"start": "00:15:26", "end": "00:15:31", "text": "which in many cases would mean, oh,"}, {"start": "00:15:28", "end": "00:15:33", "text": "that's ad"}, {"start": "00:15:31", "end": "00:15:36", "text": "if one out of every four people can't"}, {"start": "00:15:33", "end": "00:15:38", "text": "afford $500 emergency that would mean"}, {"start": "00:15:36", "end": "00:15:42", "text": "probably around like 80%"}, {"start": "00:15:38", "end": "00:15:45", "text": "of people in the United States can't"}, {"start": "00:15:42", "end": "00:15:48", "text": "afford or don't even have 5 to$10,000 I"}, {"start": "00:15:45", "end": "00:15:50", "text": "assume it's around 80 90% of people and"}, {"start": "00:15:48", "end": "00:15:51", "text": "like because also tons of people are"}, {"start": "00:15:50", "end": "00:15:53", "text": "also in debt you're literally starting"}, {"start": "00:15:51", "end": "00:15:55", "text": "at a negative"}, {"start": "00:15:53", "end": "00:15:58", "text": "that means if you have like 15 to20"}, {"start": "00:15:55", "end": "00:16:01", "text": "$20,000 in assets"}, {"start": "00:15:58", "end": "00:16:03", "text": "you're already above 80% of your"}, {"start": "00:16:01", "end": "00:16:06", "text": "population."}, {"start": "00:16:03", "end": "00:16:10", "text": "So what happens"}, {"start": "00:16:06", "end": "00:16:10", "text": "if you are worth like a hundredk?"}, {"start": "00:16:11", "end": "00:16:14", "text": "What happens if you're worth like a"}, {"start": "00:16:13", "end": "00:16:17", "text": "million dollars? Like there's no way"}, {"start": "00:16:14", "end": "00:16:19", "text": "that other people can catch up to you"}, {"start": "00:16:17", "end": "00:16:21", "text": "like [snorts] you are far ahead of the"}, {"start": "00:16:19", "end": "00:16:25", "text": "curve."}, {"start": "00:16:21", "end": "00:16:28", "text": "So a lot of times I I do imagine this is"}, {"start": "00:16:25", "end": "00:16:30", "text": "from a just a time and mathematical"}, {"start": "00:16:28", "end": "00:16:33", "text": "perspective of how much crypto prices"}, {"start": "00:16:30", "end": "00:16:34", "text": "will go up and what that would mean like"}, {"start": "00:16:33", "end": "00:16:36", "text": "for all of you. Remember I was telling"}, {"start": "00:16:34", "end": "00:16:39", "text": "you before like the idea of like like"}, {"start": "00:16:36", "end": "00:16:41", "text": "even like staking your crypto."}, {"start": "00:16:39", "end": "00:16:44", "text": "The idea of like not having to sell or"}, {"start": "00:16:41", "end": "00:16:47", "text": "take profit. You stake your crypto."}, {"start": "00:16:44", "end": "00:16:49", "text": "You're making 60,000 a year from passive"}, {"start": "00:16:47", "end": "00:16:52", "text": "income"}, {"start": "00:16:49", "end": "00:16:54", "text": "without working, which also then puts"}, {"start": "00:16:52", "end": "00:16:56", "text": "you further ahead than 90% of other"}, {"start": "00:16:54", "end": "00:16:58", "text": "people who need to actually It's very"}, {"start": "00:16:56", "end": "00:17:00", "text": "fascinating to think about. These are"}, {"start": "00:16:58", "end": "00:17:02", "text": "the things that have if you ever"}, {"start": "00:17:00", "end": "00:17:04", "text": "wondered what goes through my head. I"}, {"start": "00:17:02", "end": "00:17:07", "text": "usually walk down the I usually walk uh"}, {"start": "00:17:04", "end": "00:17:09", "text": "down the street. I have a podcast on uh"}, {"start": "00:17:07", "end": "00:17:11", "text": "something about finance or money in some"}, {"start": "00:17:09", "end": "00:17:13", "text": "sort of way and I like blank out and I"}, {"start": "00:17:11", "end": "00:17:16", "text": "just think of these things. I think of"}, {"start": "00:17:13", "end": "00:17:18", "text": "accumulating assets"}, {"start": "00:17:16", "end": "00:17:21", "text": "like trying to be better off than I was"}, {"start": "00:17:18", "end": "00:17:22", "text": "the day before"}, {"start": "00:17:21", "end": "00:17:25", "text": "and all these things go through my head."}, {"start": "00:17:22", "end": "00:17:28", "text": "It's it's a very Yeah. Does anyone else"}, {"start": "00:17:25", "end": "00:17:30", "text": "think of these things? Am I I I can't be"}, {"start": "00:17:28", "end": "00:17:32", "text": "the only one. There has to be someone"}, {"start": "00:17:30", "end": "00:17:35", "text": "else out there who also like Can you"}, {"start": "00:17:32", "end": "00:17:37", "text": "visualize the future?"}, {"start": "00:17:35", "end": "00:17:39", "text": "Do you remember being young? I remember"}, {"start": "00:17:37", "end": "00:17:41", "text": "being young like in the 90s and trying"}, {"start": "00:17:39", "end": "00:17:43", "text": "to"}, {"start": "00:17:41", "end": "00:17:45", "text": "I kind of foresaw the future but like"}, {"start": "00:17:43", "end": "00:17:49", "text": "now it's like a lot more clear. It's"}, {"start": "00:17:45", "end": "00:17:50", "text": "it's very crystallized in manner."}, {"start": "00:17:49", "end": "00:17:52", "text": "Governments aren't going to change their"}, {"start": "00:17:50", "end": "00:17:55", "text": "economic policies. Debt isn't going to"}, {"start": "00:17:52", "end": "00:17:57", "text": "go down. The rich are going to become"}, {"start": "00:17:55", "end": "00:17:58", "text": "richer. And people who have assets are"}, {"start": "00:17:57", "end": "00:18:00", "text": "going to continue to buy assets because"}, {"start": "00:17:58", "end": "00:18:02", "text": "they know the power of passive income"}, {"start": "00:18:00", "end": "00:18:05", "text": "and having like money growing in the"}, {"start": "00:18:02", "end": "00:18:05", "text": "background."}, {"start": "00:18:06", "end": "00:18:14", "text": "Anyway, uh smidge off topic. That's the"}, {"start": "00:18:11", "end": "00:18:17", "text": "um Goldman Lampa private bank has"}, {"start": "00:18:14", "end": "00:18:19", "text": "purchased 120 million euros worth of"}, {"start": "00:18:17", "end": "00:18:21", "text": "Bitcoin"}, {"start": "00:18:19", "end": "00:18:24", "text": "news. I can't imagine how many other"}, {"start": "00:18:21", "end": "00:18:27", "text": "companies did the exact same thing."}, {"start": "00:18:24", "end": "00:18:29", "text": "A very fascinating times we live in."}, {"start": "00:18:27", "end": "00:18:33", "text": "Okie dokie."}, {"start": "00:18:29", "end": "00:18:33", "text": "Let's move on."}, {"start": "00:18:34", "end": "00:18:42", "text": "Also in the news, the future is upon us,"}, {"start": "00:18:39", "end": "00:18:44", "text": "or so we keep hearing. And apparently,"}, {"start": "00:18:42", "end": "00:18:47", "text": "uh, as I've been saying for a while now,"}, {"start": "00:18:44", "end": "00:18:50", "text": "we're actually,"}, {"start": "00:18:47", "end": "00:18:53", "text": "everything we heard was going to happen"}, {"start": "00:18:50", "end": "00:18:56", "text": "is actually taking place."}, {"start": "00:18:53", "end": "00:18:59", "text": "I still, this is a personal thing. I"}, {"start": "00:18:56", "end": "00:19:01", "text": "wonder what effect this is actually"}, {"start": "00:18:59", "end": "00:19:04", "text": "going to happen"}, {"start": "00:19:01", "end": "00:19:06", "text": "uh on cryptocurrencies."}, {"start": "00:19:04", "end": "00:19:08", "text": "We keep getting a lot of really cool"}, {"start": "00:19:06", "end": "00:19:10", "text": "adoption news and have been for the last"}, {"start": "00:19:08", "end": "00:19:15", "text": "six months."}, {"start": "00:19:10", "end": "00:19:18", "text": "But I wonder when crypto prices will go"}, {"start": "00:19:15", "end": "00:19:22", "text": "up because of"}, {"start": "00:19:18", "end": "00:19:22", "text": "uh these things."}, {"start": "00:19:24", "end": "00:19:30", "text": "New York Stock Exchange owner, they're"}, {"start": "00:19:27", "end": "00:19:33", "text": "called the Intercontinental Exchange"}, {"start": "00:19:30", "end": "00:19:36", "text": "and the firm behind centralized crypto"}, {"start": "00:19:33", "end": "00:19:38", "text": "exchange, OKX,"}, {"start": "00:19:36", "end": "00:19:42", "text": "are forming a joint venture to build"}, {"start": "00:19:38", "end": "00:19:45", "text": "tokenization and digital asset products."}, {"start": "00:19:42", "end": "00:19:47", "text": "The firms announced on Monday, the New"}, {"start": "00:19:45", "end": "00:19:49", "text": "York Stock Exchange in the last few"}, {"start": "00:19:47", "end": "00:19:52", "text": "weeks has announced that they're them"}, {"start": "00:19:49", "end": "00:19:55", "text": "and the NASDAQ, they're trying to be 24"}, {"start": "00:19:52", "end": "00:19:57", "text": "hours a day. They're trying to integrate"}, {"start": "00:19:55", "end": "00:19:59", "text": "crypto into their systems. They're"}, {"start": "00:19:57", "end": "00:20:03", "text": "trying to bring tokenization to the"}, {"start": "00:19:59", "end": "00:20:06", "text": "world and all these things. Interesting"}, {"start": "00:20:03", "end": "00:20:09", "text": "fact, uh on that day, prices also fell,"}, {"start": "00:20:06", "end": "00:20:13", "text": "which I I just chef's kiss. I thought I"}, {"start": "00:20:09", "end": "00:20:14", "text": "thought that was fantastic. hearing"}, {"start": "00:20:13", "end": "00:20:17", "text": "that the New York Stock Exchange and the"}, {"start": "00:20:14", "end": "00:20:19", "text": "NASDAQ are looking to tokenize their"}, {"start": "00:20:17", "end": "00:20:21", "text": "assets, put them on blockchain. Uh, but"}, {"start": "00:20:19", "end": "00:20:25", "text": "the same exact thing happened when Visa"}, {"start": "00:20:21", "end": "00:20:27", "text": "and Mastercard also announced"}, {"start": "00:20:25", "end": "00:20:29", "text": "that they're going to be using Ethereum,"}, {"start": "00:20:27", "end": "00:20:33", "text": "Polygon, and XRP and Salana. And I was"}, {"start": "00:20:29", "end": "00:20:39", "text": "like, whoever's selling you are you're a"}, {"start": "00:20:33", "end": "00:20:41", "text": "monster. The ICE OKX joint venture is a"}, {"start": "00:20:39", "end": "00:20:43", "text": "step towards building the infrastructure"}, {"start": "00:20:41", "end": "00:20:47", "text": "that will define how global markets"}, {"start": "00:20:43", "end": "00:20:50", "text": "operate in the decades ahead. This is"}, {"start": "00:20:47", "end": "00:20:54", "text": "said by Trau Bland, senior vice"}, {"start": "00:20:50", "end": "00:20:58", "text": "president for futures exchanges at ICC"}, {"start": "00:20:54", "end": "00:20:58", "text": "in a statement."}, {"start": "00:21:00", "end": "00:21:04", "text": "The next chapter, they said, the next"}, {"start": "00:21:02", "end": "00:21:08", "text": "chapter of financial markets will be"}, {"start": "00:21:04", "end": "00:21:12", "text": "defined by how well innovation and"}, {"start": "00:21:08", "end": "00:21:14", "text": "government regulation can move together."}, {"start": "00:21:12", "end": "00:21:16", "text": "I am personally excited by the prospect"}, {"start": "00:21:14", "end": "00:21:18", "text": "of the societal impact that blockchain"}, {"start": "00:21:16", "end": "00:21:21", "text": "technology can lead to the"}, {"start": "00:21:18", "end": "00:21:25", "text": "democratization of finance, bringing"}, {"start": "00:21:21", "end": "00:21:27", "text": "basic financial services to unserved"}, {"start": "00:21:25", "end": "00:21:31", "text": "populations."}, {"start": "00:21:27", "end": "00:21:33", "text": "um decrypts request for a comment, but a"}, {"start": "00:21:31", "end": "00:21:34", "text": "spokesperson from OKX told Fortune"}, {"start": "00:21:33", "end": "00:21:36", "text": "magazine that it will focus on"}, {"start": "00:21:34", "end": "00:21:38", "text": "tokenizing New York stock exchange"}, {"start": "00:21:36", "end": "00:21:40", "text": "listed equities."}, {"start": "00:21:38", "end": "00:21:43", "text": "Earlier this year, the pair brought uh"}, {"start": "00:21:40", "end": "00:21:47", "text": "cryptonative perpetual futures for oil"}, {"start": "00:21:43", "end": "00:21:52", "text": "to markets for non US residents. So,"}, {"start": "00:21:47", "end": "00:21:54", "text": "I believe that I remember"}, {"start": "00:21:52", "end": "00:21:56", "text": "that the New York Stock Exchange is"}, {"start": "00:21:54", "end": "00:21:59", "text": "supposed"}, {"start": "00:21:56", "end": "00:22:02", "text": "to be using Ethereum as one of their"}, {"start": "00:21:59", "end": "00:22:05", "text": "chains. We have heard multiple times"}, {"start": "00:22:02", "end": "00:22:08", "text": "that it is no longer just one chain as"}, {"start": "00:22:05", "end": "00:22:11", "text": "we've been led to believe, which makes"}, {"start": "00:22:08", "end": "00:22:13", "text": "this all the more interesting. Uh over"}, {"start": "00:22:11", "end": "00:22:16", "text": "the time we've been hearing at least"}, {"start": "00:22:13", "end": "00:22:18", "text": "it's about nine different chains. One of"}, {"start": "00:22:16", "end": "00:22:20", "text": "them is a corporation uh chain which I"}, {"start": "00:22:18", "end": "00:22:22", "text": "don't remember the name of but it's kind"}, {"start": "00:22:20", "end": "00:22:25", "text": "of been the same basket. Ethereum,"}, {"start": "00:22:22", "end": "00:22:27", "text": "Polygon, XRP, Salana. We've had some"}, {"start": "00:22:25", "end": "00:22:31", "text": "Avalanche news, we've had some Hideera"}, {"start": "00:22:27", "end": "00:22:33", "text": "news, the Corporation coin. What are the"}, {"start": "00:22:31", "end": "00:22:36", "text": "other two? I don't really remember but"}, {"start": "00:22:33", "end": "00:22:41", "text": "no mention of it here. But as I ranted"}, {"start": "00:22:36", "end": "00:22:42", "text": "and raved raved geez louise uh raved"}, {"start": "00:22:41", "end": "00:22:46", "text": "[laughter]"}, {"start": "00:22:42", "end": "00:22:50", "text": "as I raved so much recently."}, {"start": "00:22:46", "end": "00:22:52", "text": "I wonder what the future implications"}, {"start": "00:22:50", "end": "00:22:56", "text": "for cryptocurrency prices are going to"}, {"start": "00:22:52", "end": "00:22:58", "text": "be as we are now already"}, {"start": "00:22:56", "end": "00:23:01", "text": "beginning to see huge levels of"}, {"start": "00:22:58", "end": "00:23:04", "text": "tokenization actually take place on"}, {"start": "00:23:01", "end": "00:23:08", "text": "these chains. And I say that because I"}, {"start": "00:23:04", "end": "00:23:11", "text": "am flabbergasted that prices would be"}, {"start": "00:23:08", "end": "00:23:13", "text": "able to go down at all um after even"}, {"start": "00:23:11", "end": "00:23:17", "text": "seeing billions"}, {"start": "00:23:13", "end": "00:23:18", "text": "of dollars worth of assets already being"}, {"start": "00:23:17", "end": "00:23:22", "text": "uh tokenized. So, the New York Stock"}, {"start": "00:23:18", "end": "00:23:24", "text": "Exchange is in the news again as they"}, {"start": "00:23:22", "end": "00:23:26", "text": "have been for some time and we keep"}, {"start": "00:23:24", "end": "00:23:28", "text": "hearing that crypto is going to be"}, {"start": "00:23:26", "end": "00:23:31", "text": "adopted and things are going to be used"}, {"start": "00:23:28", "end": "00:23:33", "text": "and then they end up being used"}, {"start": "00:23:31", "end": "00:23:36", "text": "and then we have to have discussions as"}, {"start": "00:23:33", "end": "00:23:39", "text": "to what's going on with prices because I"}, {"start": "00:23:36", "end": "00:23:42", "text": "personally feel that they should be far"}, {"start": "00:23:39", "end": "00:23:44", "text": "higher than they um than they currently"}, {"start": "00:23:42", "end": "00:23:48", "text": "are."}, {"start": "00:23:44", "end": "00:23:51", "text": "That's the New York Stock Exchange news."}, {"start": "00:23:48", "end": "00:23:54", "text": "And yeah,"}, {"start": "00:23:51", "end": "00:23:54", "text": "let's move on"}, {"start": "00:23:54", "end": "00:24:00", "text": "also. And sure, you know what? Why not?"}, {"start": "00:23:58", "end": "00:24:04", "text": "This this is this is a thing and people"}, {"start": "00:24:00", "end": "00:24:07", "text": "will be doing that thing. Um, Ethereum"}, {"start": "00:24:04", "end": "00:24:10", "text": "has had a pretty strong streak of news"}, {"start": "00:24:07", "end": "00:24:12", "text": "in the last uh month or so. Uh, this"}, {"start": "00:24:10", "end": "00:24:14", "text": "one's a bit of like whiplash kind of"}, {"start": "00:24:12", "end": "00:24:17", "text": "just because the Ethereum news that"}, {"start": "00:24:14", "end": "00:24:20", "text": "we've been getting has been"}, {"start": "00:24:17", "end": "00:24:23", "text": "mildly insane."}, {"start": "00:24:20", "end": "00:24:26", "text": "They are losing funding. They don't have"}, {"start": "00:24:23", "end": "00:24:27", "text": "money for developers. They What was the"}, {"start": "00:24:26", "end": "00:24:29", "text": "other thing that we heard it was? I"}, {"start": "00:24:27", "end": "00:24:32", "text": "don't remember, but oh, tons of people"}, {"start": "00:24:29", "end": "00:24:34", "text": "from the Ethereum Foundation also left."}, {"start": "00:24:32", "end": "00:24:37", "text": "Vitalic Buterine is talking about"}, {"start": "00:24:34", "end": "00:24:39", "text": "lowering his his role in Ethereum. Uh,"}, {"start": "00:24:37", "end": "00:24:42", "text": "Bitmine is constantly buying huge"}, {"start": "00:24:39", "end": "00:24:43", "text": "amounts of Ether and Tom Lee keeps"}, {"start": "00:24:42", "end": "00:24:46", "text": "saying that he's expecting prices to go"}, {"start": "00:24:43", "end": "00:24:48", "text": "higher. Someone else left Ethereum's"}, {"start": "00:24:46", "end": "00:24:51", "text": "foundation recently and it's it's just"}, {"start": "00:24:48", "end": "00:24:53", "text": "been a lot of really weird Oh, less I"}, {"start": "00:24:51", "end": "00:24:55", "text": "forget all the news about Ethereum"}, {"start": "00:24:53", "end": "00:24:57", "text": "upgrades and updates. We're supposed to"}, {"start": "00:24:55", "end": "00:24:59", "text": "have like three this year. There's"}, {"start": "00:24:57", "end": "00:25:01", "text": "supposed to be like a way to make the"}, {"start": "00:24:59", "end": "00:25:04", "text": "chain even faster and make rollups do"}, {"start": "00:25:01", "end": "00:25:08", "text": "situps and it's it's it's it's"}, {"start": "00:25:04", "end": "00:25:11", "text": "okay. So apparently uh is this good"}, {"start": "00:25:08", "end": "00:25:15", "text": "news? I I'll say good news. It says ETH"}, {"start": "00:25:11", "end": "00:25:19", "text": "Labs has formed an independent research"}, {"start": "00:25:15", "end": "00:25:22", "text": "group to strengthen Ethereum's core"}, {"start": "00:25:19", "end": "00:25:24", "text": "network. The organization was co-founded"}, {"start": "00:25:22", "end": "00:25:26", "text": "by five former senior Ethereum"}, {"start": "00:25:24", "end": "00:25:28", "text": "Foundation researchers. I'm not saying"}, {"start": "00:25:26", "end": "00:25:31", "text": "all of those names. Their past work"}, {"start": "00:25:28", "end": "00:25:34", "text": "spans finality,"}, {"start": "00:25:31", "end": "00:25:38", "text": "scaling, data availability, the Ethereum"}, {"start": "00:25:34", "end": "00:25:41", "text": "virtual machine and protocol"}, {"start": "00:25:38", "end": "00:25:43", "text": "economics. Ethereum is currently at the"}, {"start": "00:25:41", "end": "00:25:47", "text": "point where, and I say this in the"}, {"start": "00:25:43", "end": "00:25:48", "text": "nicest way, it needs to do better. And"}, {"start": "00:25:47", "end": "00:25:54", "text": "this is where I believe a lot of this"}, {"start": "00:25:48", "end": "00:25:58", "text": "news is is stemming from. We are"}, {"start": "00:25:54", "end": "00:26:00", "text": "Ethereum years ago had a big problem. We"}, {"start": "00:25:58", "end": "00:26:03", "text": "kept on hearing that stuff was going to"}, {"start": "00:26:00", "end": "00:26:06", "text": "happen and then stuff never happened."}, {"start": "00:26:03", "end": "00:26:11", "text": "That's a that's a pretty big problem. We"}, {"start": "00:26:06", "end": "00:26:15", "text": "heard in 2016 by 2018 we would have"}, {"start": "00:26:11", "end": "00:26:18", "text": "Ethereum 2.0. We heard in 2018 by the"}, {"start": "00:26:15", "end": "00:26:20", "text": "time we got to 2021 we'd have Ethereum"}, {"start": "00:26:18", "end": "00:26:22", "text": "2.0. We heard that this upgrade would do"}, {"start": "00:26:20", "end": "00:26:25", "text": "that. This upgrade would do this."}, {"start": "00:26:22", "end": "00:26:27", "text": "Ethereum's going to 60,000 transactions"}, {"start": "00:26:25", "end": "00:26:29", "text": "per second. Ethereum's going to a"}, {"start": "00:26:27", "end": "00:26:31", "text": "million transactions per second."}, {"start": "00:26:29", "end": "00:26:33", "text": "Ethereum is going to be the world"}, {"start": "00:26:31", "end": "00:26:34", "text": "computer. Everyone's going to use it for"}, {"start": "00:26:33", "end": "00:26:36", "text": "everything."}, {"start": "00:26:34", "end": "00:26:38", "text": "Now, to be fair, I would assume"}, {"start": "00:26:36", "end": "00:26:41", "text": "upgrading,"}, {"start": "00:26:38", "end": "00:26:43", "text": "writing code for the second largest"}, {"start": "00:26:41", "end": "00:26:47", "text": "chain on the planet has probably not"}, {"start": "00:26:43", "end": "00:26:50", "text": "been easy. The issue is when you hype"}, {"start": "00:26:47", "end": "00:26:52", "text": "everyone up to say that you're strong as"}, {"start": "00:26:50", "end": "00:26:54", "text": "Superman and you can lift the moon over"}, {"start": "00:26:52", "end": "00:26:56", "text": "your head, everyone then anticipates"}, {"start": "00:26:54", "end": "00:26:59", "text": "that you're strong as Superman and you"}, {"start": "00:26:56", "end": "00:27:01", "text": "can lift the moon over your head. So"}, {"start": "00:26:59", "end": "00:27:03", "text": "this chain has now, as far as we've"}, {"start": "00:27:01", "end": "00:27:05", "text": "heard,"}, {"start": "00:27:03", "end": "00:27:07", "text": "been adopted by the largest companies"}, {"start": "00:27:05", "end": "00:27:11", "text": "and institutions"}, {"start": "00:27:07", "end": "00:27:13", "text": "on the planet. Not like some of them,"}, {"start": "00:27:11", "end": "00:27:15", "text": "but like all of them. the New York Stock"}, {"start": "00:27:13", "end": "00:27:17", "text": "Exchange, the NASDAQ, Visa, and"}, {"start": "00:27:15", "end": "00:27:19", "text": "Mastercard,"}, {"start": "00:27:17", "end": "00:27:21", "text": "dozens"}, {"start": "00:27:19", "end": "00:27:25", "text": "dozens of central banks, as we've heard"}, {"start": "00:27:21", "end": "00:27:27", "text": "over and over and over. So, you're kind"}, {"start": "00:27:25", "end": "00:27:29", "text": "of at the point where all those promises"}, {"start": "00:27:27", "end": "00:27:31", "text": "you've had over the last decade, they"}, {"start": "00:27:29", "end": "00:27:35", "text": "have to at some point actually come"}, {"start": "00:27:31", "end": "00:27:38", "text": "true. A lot of the weight was thrown"}, {"start": "00:27:35", "end": "00:27:42", "text": "onto um layer 2 solutions. So, like"}, {"start": "00:27:38", "end": "00:27:44", "text": "Polygon, Polygon is basically like"}, {"start": "00:27:42", "end": "00:27:47", "text": "Ethereum 9.0, if you will. It does all"}, {"start": "00:27:44", "end": "00:27:49", "text": "the heavy lifting, but people want to"}, {"start": "00:27:47", "end": "00:27:51", "text": "use the actual Ethereum network in many"}, {"start": "00:27:49", "end": "00:27:53", "text": "cases."}, {"start": "00:27:51", "end": "00:27:54", "text": "So, we've even had some situations"}, {"start": "00:27:53", "end": "00:27:57", "text": "before in the news where people are"}, {"start": "00:27:54", "end": "00:28:00", "text": "like, well, Ethereum, you know, all"}, {"start": "00:27:57", "end": "00:28:03", "text": "together, its ecosystem does like 50,000"}, {"start": "00:28:00", "end": "00:28:05", "text": "transaction. We're like, well, the other"}, {"start": "00:28:03", "end": "00:28:12", "text": "chains are in Ethereum."}, {"start": "00:28:05", "end": "00:28:14", "text": "So if Ethereum is to go to 10, 15, 22,"}, {"start": "00:28:12", "end": "00:28:17", "text": "$100,000"}, {"start": "00:28:14", "end": "00:28:19", "text": "US per coin, you got to chop chop that"}, {"start": "00:28:17", "end": "00:28:22", "text": "you you can't just sit there and be"}, {"start": "00:28:19", "end": "00:28:23", "text": "like, well, we'll get it together"}, {"start": "00:28:22", "end": "00:28:27", "text": "because [laughter]"}, {"start": "00:28:23", "end": "00:28:30", "text": "there are other chains and I assume uh"}, {"start": "00:28:27", "end": "00:28:32", "text": "the developers of those chains would"}, {"start": "00:28:30", "end": "00:28:35", "text": "love"}, {"start": "00:28:32", "end": "00:28:37", "text": "to hear uh we're moving, you know, 4"}, {"start": "00:28:35", "end": "00:28:39", "text": "trillion million dollars off of Ethereum"}, {"start": "00:28:37", "end": "00:28:43", "text": "and we're moving it on to the XRP"}, {"start": "00:28:39", "end": "00:28:45", "text": "ledger. We've tried to use Ethereum for"}, {"start": "00:28:43", "end": "00:28:49", "text": "years, but now we're moving it on to"}, {"start": "00:28:45", "end": "00:28:50", "text": "Cardono and it's this kind of continual"}, {"start": "00:28:49", "end": "00:28:52", "text": "Yeah, we're going to do it. Yeah. Yeah."}, {"start": "00:28:50", "end": "00:28:54", "text": "Yeah. It's going to happen. It's like"}, {"start": "00:28:52", "end": "00:28:56", "text": "you're at the top of the charts right"}, {"start": "00:28:54", "end": "00:28:58", "text": "now. You got to keep got to keep"}, {"start": "00:28:56", "end": "00:29:01", "text": "bringing out the hits. They said"}, {"start": "00:28:58", "end": "00:29:04", "text": "Ethereum is uniquely positioned to"}, {"start": "00:29:01", "end": "00:29:08", "text": "become the neutral foundation where"}, {"start": "00:29:04", "end": "00:29:11", "text": "users, institutions, and agents can"}, {"start": "00:29:08", "end": "00:29:13", "text": "transact and interoperate."}, {"start": "00:29:11", "end": "00:29:16", "text": "ETH Labs was created to help Ethereum"}, {"start": "00:29:13", "end": "00:29:20", "text": "realize that potential."}, {"start": "00:29:16", "end": "00:29:23", "text": "Joseph Luben said Ethereum is entering a"}, {"start": "00:29:20", "end": "00:29:26", "text": "phase where several independent nodes"}, {"start": "00:29:23", "end": "00:29:29", "text": "can help solve and protect the network."}, {"start": "00:29:26", "end": "00:29:32", "text": "He commented by saying ETH Labs will be"}, {"start": "00:29:29", "end": "00:29:34", "text": "institutional instrumental in preparing"}, {"start": "00:29:32", "end": "00:29:37", "text": "the network for the next major wave of"}, {"start": "00:29:34", "end": "00:29:40", "text": "adoption from institutional finance to"}, {"start": "00:29:37", "end": "00:29:42", "text": "agentic commerce with the scale security"}, {"start": "00:29:40", "end": "00:29:46", "text": "interoperability and resilience that"}, {"start": "00:29:42", "end": "00:29:49", "text": "global institutions require."}, {"start": "00:29:46", "end": "00:29:52", "text": "Sure, let's do it. Awesome. That sounds"}, {"start": "00:29:49", "end": "00:29:55", "text": "amazing. I've heard this for a number of"}, {"start": "00:29:52", "end": "00:29:57", "text": "years. Ethereum of course has had many"}, {"start": "00:29:55", "end": "00:29:59", "text": "upgrades and it's a lot it looks a lot"}, {"start": "00:29:57", "end": "00:30:01", "text": "different than it did in in 2016 and"}, {"start": "00:29:59", "end": "00:30:03", "text": "2017"}, {"start": "00:30:01", "end": "00:30:05", "text": "but we're still having the same kind of"}, {"start": "00:30:03", "end": "00:30:08", "text": "discussions. It's the kind of"}, {"start": "00:30:05", "end": "00:30:11", "text": "discussions that you give to um"}, {"start": "00:30:08", "end": "00:30:13", "text": "investors sitting at a very long table."}, {"start": "00:30:11", "end": "00:30:15", "text": "Next year we're going to be better. Next"}, {"start": "00:30:13", "end": "00:30:20", "text": "year we're going to do this. We're gonna"}, {"start": "00:30:15", "end": "00:30:23", "text": "have and it's like well do it. What's"}, {"start": "00:30:20", "end": "00:30:25", "text": "the holdup? What are you waiting for?"}, {"start": "00:30:23", "end": "00:30:28", "text": "Because once again, I am certain there"}, {"start": "00:30:25", "end": "00:30:30", "text": "are many other chains. They're they're"}, {"start": "00:30:28", "end": "00:30:33", "text": "probably reading this news more than I"}, {"start": "00:30:30", "end": "00:30:35", "text": "am who are looking for like people"}, {"start": "00:30:33", "end": "00:30:37", "text": "leaving the Ethereum Foundation as"}, {"start": "00:30:35", "end": "00:30:39", "text": "they're being adopted by the NASDAQ and"}, {"start": "00:30:37", "end": "00:30:42", "text": "New York Stock Exchange and Visa and"}, {"start": "00:30:39", "end": "00:30:45", "text": "Mastercard and World Banks."}, {"start": "00:30:42", "end": "00:30:48", "text": "Something's up. So, let's see where this"}, {"start": "00:30:45", "end": "00:30:51", "text": "ends up going. Ethereum will probably"}, {"start": "00:30:48", "end": "00:30:53", "text": "for a while remain the number two coin."}, {"start": "00:30:51", "end": "00:30:56", "text": "There were uh rumors, I don't know if"}, {"start": "00:30:53", "end": "00:30:58", "text": "you saw this about a week ago, uh there"}, {"start": "00:30:56", "end": "00:31:00", "text": "were rumors that if Ethereum doesn't go"}, {"start": "00:30:58", "end": "00:31:03", "text": "up in price properly,"}, {"start": "00:31:00", "end": "00:31:07", "text": "Tether keeps getting bigger. Like"}, {"start": "00:31:03", "end": "00:31:11", "text": "Tether's growing every single day. And"}, {"start": "00:31:07", "end": "00:31:13", "text": "um Tether is uh possibly going to become"}, {"start": "00:31:11", "end": "00:31:16", "text": "the number two coin. It sounds like a"}, {"start": "00:31:13", "end": "00:31:19", "text": "joke, but it's not. People were doing"}, {"start": "00:31:16", "end": "00:31:21", "text": "the math and they were like, if Ethereum"}, {"start": "00:31:19", "end": "00:31:23", "text": "keeps falling into September, Tether"}, {"start": "00:31:21", "end": "00:31:25", "text": "will become the number two coin,"}, {"start": "00:31:23", "end": "00:31:27", "text": "[snorts]"}, {"start": "00:31:25", "end": "00:31:29", "text": "which I don't mentally understand how"}, {"start": "00:31:27", "end": "00:31:32", "text": "that could happen because a portion of"}, {"start": "00:31:29", "end": "00:31:36", "text": "Tether is being created and moved around"}, {"start": "00:31:32", "end": "00:31:39", "text": "on Ether. Which then goes back to my"}, {"start": "00:31:36", "end": "00:31:41", "text": "discussion."}, {"start": "00:31:39", "end": "00:31:45", "text": "If we're already seeing all this stable"}, {"start": "00:31:41", "end": "00:31:48", "text": "coin movement on these chains and stable"}, {"start": "00:31:45", "end": "00:31:50", "text": "coins are supposed to be the thing that"}, {"start": "00:31:48", "end": "00:31:51", "text": "gets adopted and causes prices to go"}, {"start": "00:31:50", "end": "00:31:55", "text": "higher,"}, {"start": "00:31:51", "end": "00:31:58", "text": "how would it then be possible now"}, {"start": "00:31:55", "end": "00:32:00", "text": "for prices to go lower despite all the"}, {"start": "00:31:58", "end": "00:32:02", "text": "adoption that we have? This is a real"}, {"start": "00:32:00", "end": "00:32:04", "text": "question. This is an absolute real"}, {"start": "00:32:02", "end": "00:32:05", "text": "question. We keep hearing that the"}, {"start": "00:32:04", "end": "00:32:07", "text": "stable coins are going to be the thing"}, {"start": "00:32:05", "end": "00:32:09", "text": "that saves the market and brings prices"}, {"start": "00:32:07", "end": "00:32:13", "text": "a lot higher."}, {"start": "00:32:09", "end": "00:32:17", "text": "We already have Tether and and USD on"}, {"start": "00:32:13", "end": "00:32:17", "text": "base and on Ethereum."}, {"start": "00:32:19", "end": "00:32:25", "text": "So yeah, we'll see what happens."}, {"start": "00:32:23", "end": "00:32:27", "text": "I think that's going to do it for this"}, {"start": "00:32:25", "end": "00:32:30", "text": "video."}, {"start": "00:32:27", "end": "00:32:32", "text": "Hope you're all doing well. Is everyone"}, {"start": "00:32:30", "end": "00:32:35", "text": "remembering to invest?"}, {"start": "00:32:32", "end": "00:32:37", "text": "You sure you've been buying stuff? All"}, {"start": "00:32:35", "end": "00:32:40", "text": "right, I got to ask cuz some people keep"}, {"start": "00:32:37", "end": "00:32:43", "text": "forgetting. Hope you all are having a"}, {"start": "00:32:40", "end": "00:32:44", "text": "great day, a great morning, a great"}, {"start": "00:32:43", "end": "00:32:47", "text": "afternoon, a great evening, wherever you"}, {"start": "00:32:44", "end": "00:32:49", "text": "are, wherever you might be. I do hope"}, {"start": "00:32:47", "end": "00:32:52", "text": "it's absolutely fantastic. Thank you all"}, {"start": "00:32:49", "end": "00:32:54", "text": "once again for watching,"}, {"start": "00:32:52", "end": "00:32:59", "text": "listening, liking, commenting on the"}, {"start": "00:32:54", "end": "00:33:01", "text": "video, and subscribing, and I will most"}, {"start": "00:32:59", "end": "00:33:05", "text": "certainly be talking"}, {"start": "00:33:01", "end": "00:33:07", "text": "to you all soon."}, {"start": "00:33:05", "end": "00:33:07", "text": "See"}]

[{"start": "00:00:01", "end": "00:00:06", "text": "I don't do too many majorly bullish"}, {"start": "00:00:04", "end": "00:00:07", "text": "videos, but today is a little bit"}, {"start": "00:00:06", "end": "00:00:10", "text": "different, so I'm going to apologize in"}, {"start": "00:00:07", "end": "00:00:12", "text": "advance. This is a pretty bullish video."}, {"start": "00:00:10", "end": "00:00:13", "text": "I try to give a little bit of balance. I"}, {"start": "00:00:12", "end": "00:00:15", "text": "got to tell you, there's a lot of good"}, {"start": "00:00:13", "end": "00:00:16", "text": "things coming on in this massively bare"}, {"start": "00:00:15", "end": "00:00:18", "text": "market. So, first thing we're talking"}, {"start": "00:00:16", "end": "00:00:21", "text": "about is the DTCC. What the heck is"}, {"start": "00:00:18", "end": "00:00:23", "text": "that? The DTCC"}, {"start": "00:00:21", "end": "00:00:24", "text": "is it's not an asset under management."}, {"start": "00:00:23", "end": "00:00:27", "text": "It's a holding company. It holds over"}, {"start": "00:00:24", "end": "00:00:29", "text": "hundred trillion dollars. At the latest"}, {"start": "00:00:27", "end": "00:00:31", "text": "markings, roughly 114 trillion. And it's"}, {"start": "00:00:29", "end": "00:00:33", "text": "an assets under custody instead of"}, {"start": "00:00:31", "end": "00:00:36", "text": "assets under management through its"}, {"start": "00:00:33", "end": "00:00:38", "text": "subsidiary the depository trust company."}, {"start": "00:00:36", "end": "00:00:41", "text": "That is so the DTCC is the depository"}, {"start": "00:00:38", "end": "00:00:43", "text": "trust and clearing corporation. To get a"}, {"start": "00:00:41", "end": "00:00:46", "text": "little feel of what that actually does,"}, {"start": "00:00:43", "end": "00:00:48", "text": "it is the backbone of Wall Street is"}, {"start": "00:00:46", "end": "00:00:50", "text": "responsible for clearing and settlement."}, {"start": "00:00:48", "end": "00:00:51", "text": "It also is an upgraded version of what"}, {"start": "00:00:50", "end": "00:00:55", "text": "we used to do as far as like with"}, {"start": "00:00:51", "end": "00:00:57", "text": "physical certificates and paperwork as"}, {"start": "00:00:55", "end": "00:00:59", "text": "everything is now electronic which is of"}, {"start": "00:00:57", "end": "00:01:01", "text": "course we are in 2026 that's pretty much"}, {"start": "00:00:59", "end": "00:01:03", "text": "how it should be. And also for risk"}, {"start": "00:01:01", "end": "00:01:04", "text": "management between the buyer and the"}, {"start": "00:01:03", "end": "00:01:06", "text": "seller there's an intermediary and that"}, {"start": "00:01:04", "end": "00:01:10", "text": "is a DTCC to make sure that everything"}, {"start": "00:01:06", "end": "00:01:11", "text": "is moving and flowing just fine in a $14"}, {"start": "00:01:10", "end": "00:01:15", "text": "trillion"}, {"start": "00:01:11", "end": "00:01:16", "text": "market. Now, when I was taking a look at"}, {"start": "00:01:15", "end": "00:01:18", "text": "what we're going to talk about as far as"}, {"start": "00:01:16", "end": "00:01:20", "text": "what they're building on this specific"}, {"start": "00:01:18", "end": "00:01:21", "text": "chain, which I was kind of blown away,"}, {"start": "00:01:20", "end": "00:01:23", "text": "but actually not surprising if you've"}, {"start": "00:01:21", "end": "00:01:26", "text": "been following the channel, when I took"}, {"start": "00:01:23", "end": "00:01:28", "text": "a look at this, I had to research DTCC"}, {"start": "00:01:26", "end": "00:01:30", "text": "and just to see what it was. And it led"}, {"start": "00:01:28", "end": "00:01:34", "text": "me to their website just to kind of see"}, {"start": "00:01:30", "end": "00:01:35", "text": "what it all was going on. And when I"}, {"start": "00:01:34", "end": "00:01:37", "text": "landed on the website, I thought to"}, {"start": "00:01:35", "end": "00:01:39", "text": "myself, is this the right website?"}, {"start": "00:01:37", "end": "00:01:41", "text": "Because it seems like I mean, obviously"}, {"start": "00:01:39", "end": "00:01:43", "text": "it's dpcc.com. I I look at this, I'm"}, {"start": "00:01:41", "end": "00:01:46", "text": "like, is this the because it looks like"}, {"start": "00:01:43", "end": "00:01:48", "text": "it's going so far forward for"}, {"start": "00:01:46", "end": "00:01:50", "text": "tokenization and that's all it's really"}, {"start": "00:01:48", "end": "00:01:51", "text": "talking about on their website, which is"}, {"start": "00:01:50", "end": "00:01:53", "text": "quite interesting because they've been"}, {"start": "00:01:51", "end": "00:01:55", "text": "around for quite a long time as far as"}, {"start": "00:01:53", "end": "00:01:57", "text": "like for assets, not asset management,"}, {"start": "00:01:55", "end": "00:02:00", "text": "as for custody. And I'm taking a look at"}, {"start": "00:01:57", "end": "00:02:02", "text": "this and I'm like, yeah, I had to verify"}, {"start": "00:02:00", "end": "00:02:04", "text": "this is the correct website is they are"}, {"start": "00:02:02", "end": "00:02:06", "text": "really pushing this issue of"}, {"start": "00:02:04", "end": "00:02:08", "text": "tokenization. We're going to see a lot"}, {"start": "00:02:06", "end": "00:02:10", "text": "of different companies on a little of a"}, {"start": "00:02:08", "end": "00:02:12", "text": "lot of head figures are doing the same"}, {"start": "00:02:10", "end": "00:02:15", "text": "thing. Here's what we have. This from"}, {"start": "00:02:12", "end": "00:02:17", "text": "Eric Baltunis. He was the one that"}, {"start": "00:02:15", "end": "00:02:19", "text": "called the Bitcoin ETF correctly and I"}, {"start": "00:02:17", "end": "00:02:23", "text": "actually got it wrong. Shout out to Eric"}, {"start": "00:02:19", "end": "00:02:26", "text": "Bunis as he talks about this was uh the"}, {"start": "00:02:23", "end": "00:02:29", "text": "15th was yesterday. says, \"Vanguard,"}, {"start": "00:02:26", "end": "00:02:31", "text": "Black Rockck, JP Morgan, just some small"}, {"start": "00:02:29", "end": "00:02:33", "text": "players in the game, and more are going"}, {"start": "00:02:31", "end": "00:02:36", "text": "to participate in a trial run of"}, {"start": "00:02:33", "end": "00:02:39", "text": "tokenized securities led by the DTCC,"}, {"start": "00:02:36", "end": "00:02:42", "text": "starting with Microsoft, CUKQ, SPY, SHV"}, {"start": "00:02:39", "end": "00:02:44", "text": "with a formal programming"}, {"start": "00:02:42", "end": "00:02:45", "text": "launching in October.\" Let me say that"}, {"start": "00:02:44", "end": "00:02:48", "text": "again. They're going to do a"}, {"start": "00:02:45", "end": "00:02:51", "text": "tokenization of these assets, CookQ,"}, {"start": "00:02:48", "end": "00:02:54", "text": "Microsoft, SBY, SSH with a program that"}, {"start": "00:02:51", "end": "00:02:56", "text": "launches in October."}, {"start": "00:02:54", "end": "00:02:58", "text": "As we've talked about in this channel,"}, {"start": "00:02:56", "end": "00:03:00", "text": "we are in a four-year cycle. And it's"}, {"start": "00:02:58", "end": "00:03:02", "text": "not just Bitcoin and digital assets."}, {"start": "00:03:00", "end": "00:03:05", "text": "It's a four-year cycle that actually is"}, {"start": "00:03:02", "end": "00:03:08", "text": "relevant to the midterm election years,"}, {"start": "00:03:05", "end": "00:03:10", "text": "which we are in right now. Bare markets"}, {"start": "00:03:08", "end": "00:03:12", "text": "abound. It is interesting though how"}, {"start": "00:03:10", "end": "00:03:16", "text": "they talk about launching in October"}, {"start": "00:03:12", "end": "00:03:19", "text": "because that is what we believe"}, {"start": "00:03:16", "end": "00:03:21", "text": "is the peak of the bare market as we go"}, {"start": "00:03:19", "end": "00:03:23", "text": "down. Now, it could do anything. We"}, {"start": "00:03:21", "end": "00:03:25", "text": "could see it uh just rise up. We could"}, {"start": "00:03:23", "end": "00:03:28", "text": "get the Clarity Act to pass just like we"}, {"start": "00:03:25", "end": "00:03:30", "text": "got the Genius Act to pass roughly in"}, {"start": "00:03:28", "end": "00:03:33", "text": "May of 2025 and everything could just go"}, {"start": "00:03:30", "end": "00:03:35", "text": "gang busters. I'm not for sure. It could"}, {"start": "00:03:33", "end": "00:03:37", "text": "happen. Anything's possible. However,"}, {"start": "00:03:35", "end": "00:03:38", "text": "launching October is a pretty good time"}, {"start": "00:03:37", "end": "00:03:40", "text": "frame if we were looking at the"}, {"start": "00:03:38", "end": "00:03:44", "text": "four-year cycles as it pertains to"}, {"start": "00:03:40", "end": "00:03:47", "text": "Bitcoin digital assets. DTC will use"}, {"start": "00:03:44", "end": "00:03:50", "text": "both the current way and tokenized"}, {"start": "00:03:47", "end": "00:03:51", "text": "options. This is a very smart thing"}, {"start": "00:03:50", "end": "00:03:54", "text": "we'll talk about in a second. But the"}, {"start": "00:03:51", "end": "00:03:56", "text": "question you probably have is, okay,"}, {"start": "00:03:54", "end": "00:03:57", "text": "what's the rail? Because I don't care"}, {"start": "00:03:56", "end": "00:03:58", "text": "about the other stuff. I don't care"}, {"start": "00:03:57", "end": "00:04:00", "text": "about the traditional parts. And you're"}, {"start": "00:03:58", "end": "00:04:04", "text": "right. That's what we're here for,"}, {"start": "00:04:00", "end": "00:04:05", "text": "right? Digital assets, bags. Well, good"}, {"start": "00:04:04", "end": "00:04:08", "text": "news. I have that answer from Eric"}, {"start": "00:04:05", "end": "00:04:09", "text": "Beljunist. Many are asking what"}, {"start": "00:04:08", "end": "00:04:12", "text": "blockchain they are using. Here's the"}, {"start": "00:04:09", "end": "00:04:15", "text": "answer. Hyperledger, Bessu, I think I'm"}, {"start": "00:04:12", "end": "00:04:18", "text": "saying that right. DTCC's private"}, {"start": "00:04:15", "end": "00:04:23", "text": "network, BU,"}, {"start": "00:04:18", "end": "00:04:23", "text": "and Canton, a public network,"}, {"start": "00:04:24", "end": "00:04:29", "text": "Hyperledger, Bezu, and Canton, a public"}, {"start": "00:04:26", "end": "00:04:30", "text": "network, which you can buy in a lot of"}, {"start": "00:04:29", "end": "00:04:33", "text": "different exchanges that are out there."}, {"start": "00:04:30", "end": "00:04:34", "text": "It's making rapid gains, almost in the"}, {"start": "00:04:33", "end": "00:04:38", "text": "top 20. I believe it's in top 21 right"}, {"start": "00:04:34", "end": "00:04:40", "text": "now. This is part of DTCC's multi-chain"}, {"start": "00:04:38", "end": "00:04:43", "text": "strategy to ensure resiliency,"}, {"start": "00:04:40", "end": "00:04:45", "text": "scalability, and choice."}, {"start": "00:04:43", "end": "00:04:47", "text": "And to take a look at that, we've been"}, {"start": "00:04:45", "end": "00:04:49", "text": "talking about Canson off and on for"}, {"start": "00:04:47", "end": "00:04:53", "text": "about five, four or five months or so."}, {"start": "00:04:49", "end": "00:04:53", "text": "And what led me to it"}, {"start": "00:04:54", "end": "00:04:59", "text": "was a market overview of tokenized"}, {"start": "00:04:57", "end": "00:05:01", "text": "assets for real world assets on the"}, {"start": "00:04:59", "end": "00:05:05", "text": "website rwa.xyz. And what this does is"}, {"start": "00:05:01", "end": "00:05:08", "text": "it breaks down what the tokenization is"}, {"start": "00:05:05", "end": "00:05:10", "text": "being put into. Most of it's debt,"}, {"start": "00:05:08", "end": "00:05:12", "text": "commodities, asset back credit, stocks,"}, {"start": "00:05:10", "end": "00:05:14", "text": "corporate credit, things like that. And"}, {"start": "00:05:12", "end": "00:05:16", "text": "if we scroll down, we can see the RWA"}, {"start": "00:05:14", "end": "00:05:19", "text": "League table. And there's two things you"}, {"start": "00:05:16", "end": "00:05:21", "text": "want to notice,"}, {"start": "00:05:19", "end": "00:05:24", "text": "distributed and representative."}, {"start": "00:05:21", "end": "00:05:26", "text": "Distributed real world asset tokens"}, {"start": "00:05:24", "end": "00:05:29", "text": "using the blockchain as a distribution"}, {"start": "00:05:26", "end": "00:05:31", "text": "layer, enabling onchain investors to"}, {"start": "00:05:29", "end": "00:05:32", "text": "subscribe, hold, and manage assets"}, {"start": "00:05:31", "end": "00:05:33", "text": "directly through their own wallets or"}, {"start": "00:05:32", "end": "00:05:37", "text": "custodians. Sounds pretty good. I like"}, {"start": "00:05:33", "end": "00:05:41", "text": "that. Number one, Ethereum at a whopping"}, {"start": "00:05:37", "end": "00:05:43", "text": "14.8 billion. BNB chain 5.2. Sana at"}, {"start": "00:05:41", "end": "00:05:45", "text": "three billion and Stellar at 3.0. Now,"}, {"start": "00:05:43", "end": "00:05:47", "text": "I've always been talking about the best,"}, {"start": "00:05:45", "end": "00:05:50", "text": "which is Binance, Ethereum, Salon, of"}, {"start": "00:05:47", "end": "00:05:53", "text": "Tron. Tron EC is not here, but three out"}, {"start": "00:05:50", "end": "00:05:54", "text": "of four ain't bad. And Avalanche and"}, {"start": "00:05:53", "end": "00:05:57", "text": "Liquid Network and so on and so forth,"}, {"start": "00:05:54", "end": "00:06:00", "text": "and arbitrum, which is also the second"}, {"start": "00:05:57", "end": "00:06:04", "text": "layer EVM for"}, {"start": "00:06:00", "end": "00:06:06", "text": "ah Robin Hood, but what you don't notice"}, {"start": "00:06:04", "end": "00:06:09", "text": "is Canton's not there. You're like,"}, {"start": "00:06:06", "end": "00:06:12", "text": "well, that's boring, Rob. Well, if you"}, {"start": "00:06:09", "end": "00:06:13", "text": "switch over to represented"}, {"start": "00:06:12", "end": "00:06:15", "text": "represented"}, {"start": "00:06:13", "end": "00:06:17", "text": "RWA tokens using the blockchain as a"}, {"start": "00:06:15", "end": "00:06:19", "text": "recordkeeping layer, enhancing"}, {"start": "00:06:17", "end": "00:06:20", "text": "transparency, reconciliation, and"}, {"start": "00:06:19", "end": "00:06:22", "text": "operational efficiency without enabling"}, {"start": "00:06:20", "end": "00:06:25", "text": "onchain investor transfer or"}, {"start": "00:06:22", "end": "00:06:29", "text": "distribution, which is essentially"}, {"start": "00:06:25", "end": "00:06:32", "text": "what DTCC does."}, {"start": "00:06:29", "end": "00:06:36", "text": "Well, let's see what it is. And there's"}, {"start": "00:06:32", "end": "00:06:38", "text": "Canton at a whopping $330 billion total"}, {"start": "00:06:36", "end": "00:06:41", "text": "value."}, {"start": "00:06:38", "end": "00:06:42", "text": "Not bad. So, taking a look at this as"}, {"start": "00:06:41", "end": "00:06:44", "text": "far as representative versus"}, {"start": "00:06:42", "end": "00:06:48", "text": "distributed, Canton's looking pretty"}, {"start": "00:06:44", "end": "00:06:51", "text": "good. Now, as far as like price action,"}, {"start": "00:06:48", "end": "00:06:54", "text": "Canton is very new. This was released in"}, {"start": "00:06:51", "end": "00:06:57", "text": "November, yeah, November 9th, 2025. What"}, {"start": "00:06:54", "end": "00:07:00", "text": "a horrible time to launch a token. That"}, {"start": "00:06:57", "end": "00:07:04", "text": "was right after the top of October 6,"}, {"start": "00:07:00", "end": "00:07:06", "text": "2025. But it launched and it went down"}, {"start": "00:07:04", "end": "00:07:09", "text": "and it rallied pretty well. It's not"}, {"start": "00:07:06", "end": "00:07:13", "text": "doing too bad actually. It's uh launched"}, {"start": "00:07:09", "end": "00:07:15", "text": "at 13 cents and today it's at 13 cents."}, {"start": "00:07:13", "end": "00:07:17", "text": "And I got to tell you, as far as like"}, {"start": "00:07:15", "end": "00:07:19", "text": "circulating supply and total supply,"}, {"start": "00:07:17", "end": "00:07:22", "text": "roughly the same or actually it is the"}, {"start": "00:07:19", "end": "00:07:24", "text": "same 100% 39 and 39. And as far as we"}, {"start": "00:07:22", "end": "00:07:27", "text": "take a look at far as like tokconomics,"}, {"start": "00:07:24", "end": "00:07:30", "text": "I'll take it. So the question then is,"}, {"start": "00:07:27", "end": "00:07:32", "text": "is tokenization how big is this? Well,"}, {"start": "00:07:30", "end": "00:07:34", "text": "don't take my word for it. I think it's"}, {"start": "00:07:32", "end": "00:07:36", "text": "be huge."}, {"start": "00:07:34", "end": "00:07:38", "text": "Let's take a look at Larry Frink, Black"}, {"start": "00:07:36", "end": "00:07:40", "text": "Rockck chairman. He says, \"If history is"}, {"start": "00:07:38", "end": "00:07:43", "text": "any guide, tokenization today is roughly"}, {"start": "00:07:40", "end": "00:07:45", "text": "where the internet was in 96 when Amazon"}, {"start": "00:07:43", "end": "00:07:47", "text": "sold 16 million worth of books.\" That"}, {"start": "00:07:45", "end": "00:07:48", "text": "was what Amazon was back in the day. I"}, {"start": "00:07:47", "end": "00:07:49", "text": "remember I thought it was ridiculous."}, {"start": "00:07:48", "end": "00:07:52", "text": "Who's going to buy a bunch of books?"}, {"start": "00:07:49", "end": "00:07:55", "text": "That's dumb. Here we are, part of the"}, {"start": "00:07:52", "end": "00:07:57", "text": "Mag 7. And three of the rest of today's"}, {"start": "00:07:55", "end": "00:07:59", "text": "mag seven tech giants hadn't even been"}, {"start": "00:07:57", "end": "00:08:01", "text": "founded. Tokenization could advance at"}, {"start": "00:07:59", "end": "00:08:03", "text": "the pace of the internet faster than"}, {"start": "00:08:01", "end": "00:08:05", "text": "most expect with enormous growth over"}, {"start": "00:08:03", "end": "00:08:07", "text": "the coming decades. That's why it's kind"}, {"start": "00:08:05", "end": "00:08:09", "text": "of important to invest early. Not"}, {"start": "00:08:07", "end": "00:08:10", "text": "financial advice. This has worked out"}, {"start": "00:08:09", "end": "00:08:13", "text": "pretty well for me. But there are some"}, {"start": "00:08:10", "end": "00:08:15", "text": "fallbacks. Tokenization of all different"}, {"start": "00:08:13", "end": "00:08:17", "text": "types of assets. They have a positive"}, {"start": "00:08:15", "end": "00:08:20", "text": "and they have a negative. Positive is a"}, {"start": "00:08:17", "end": "00:08:21", "text": "247 global liquidity. You get fractional"}, {"start": "00:08:20", "end": "00:08:23", "text": "ownership which is very nice because"}, {"start": "00:08:21", "end": "00:08:24", "text": "some of us can't buy everything. We want"}, {"start": "00:08:23", "end": "00:08:27", "text": "a fractional ownership. Imagine like a"}, {"start": "00:08:24", "end": "00:08:28", "text": "skyscraper. I can't buy that. I could"}, {"start": "00:08:27", "end": "00:08:30", "text": "buy a fractional ownership of that real"}, {"start": "00:08:28", "end": "00:08:32", "text": "estate. Be pretty good. Lightning fast"}, {"start": "00:08:30", "end": "00:08:34", "text": "settlement, low cost, transparency, new"}, {"start": "00:08:32", "end": "00:08:37", "text": "investors can come in. Ah, it's great."}, {"start": "00:08:34", "end": "00:08:39", "text": "Fantastic. That's the good part. The bad"}, {"start": "00:08:37", "end": "00:08:41", "text": "part is there's massive, massive risk."}, {"start": "00:08:39", "end": "00:08:43", "text": "And if you're part of the Tradfi, this"}, {"start": "00:08:41", "end": "00:08:46", "text": "is what you want to avoid. It's great to"}, {"start": "00:08:43", "end": "00:08:48", "text": "make your clients money. It's not so"}, {"start": "00:08:46", "end": "00:08:50", "text": "great by losing them because of some"}, {"start": "00:08:48", "end": "00:08:52", "text": "exploit or some hack or something else."}, {"start": "00:08:50", "end": "00:08:53", "text": "That's why they're moving so slow. And I"}, {"start": "00:08:52", "end": "00:08:55", "text": "got to tell you, it's a pretty smart"}, {"start": "00:08:53", "end": "00:08:57", "text": "move. massive risks, fraud and scams,"}, {"start": "00:08:55", "end": "00:08:59", "text": "hacks, regulatory mess, clarity, tech"}, {"start": "00:08:57", "end": "00:09:01", "text": "vulnerabilities, illusion, liquidity,"}, {"start": "00:08:59", "end": "00:09:03", "text": "tax and legal headaches. So, as a"}, {"start": "00:09:01", "end": "00:09:05", "text": "reminder, we've talked about this and"}, {"start": "00:09:03", "end": "00:09:07", "text": "this is why I think this is a smart move"}, {"start": "00:09:05", "end": "00:09:08", "text": "by DTCC,"}, {"start": "00:09:07", "end": "00:09:10", "text": "which is it's interesting that JP"}, {"start": "00:09:08", "end": "00:09:12", "text": "Morgan's a part of it because they're"}, {"start": "00:09:10", "end": "00:09:14", "text": "going the opposite way with their stable"}, {"start": "00:09:12", "end": "00:09:16", "text": "coins. This is why it's important"}, {"start": "00:09:14", "end": "00:09:18", "text": "because when they do their own"}, {"start": "00:09:16", "end": "00:09:19", "text": "permissioned chain, which we they just"}, {"start": "00:09:18", "end": "00:09:21", "text": "said they're going to do, but they're"}, {"start": "00:09:19", "end": "00:09:24", "text": "also going to do on Canton, which is"}, {"start": "00:09:21", "end": "00:09:27", "text": "permissionless and it is public. When"}, {"start": "00:09:24", "end": "00:09:30", "text": "you do it on a permission chain, it's"}, {"start": "00:09:27", "end": "00:09:32", "text": "centralized. It's private. It's KYC AML"}, {"start": "00:09:30", "end": "00:09:33", "text": "compliant. There's an undo button if"}, {"start": "00:09:32", "end": "00:09:35", "text": "something goes wrong. It's fast and"}, {"start": "00:09:33", "end": "00:09:37", "text": "cheap like we just took a look at. And"}, {"start": "00:09:35", "end": "00:09:39", "text": "guess what? You can make it private. And"}, {"start": "00:09:37", "end": "00:09:42", "text": "banks like private. So why would they"}, {"start": "00:09:39", "end": "00:09:46", "text": "include any kind of public chain? It's"}, {"start": "00:09:42", "end": "00:09:47", "text": "because of the the liquidity and DTCC is"}, {"start": "00:09:46", "end": "00:09:50", "text": "the only one that's gotten it right so"}, {"start": "00:09:47", "end": "00:09:51", "text": "far. They realize, hey, we want to do"}, {"start": "00:09:50", "end": "00:09:54", "text": "this because of those problems we just"}, {"start": "00:09:51", "end": "00:09:56", "text": "talked about, but we don't want to leave"}, {"start": "00:09:54", "end": "00:09:58", "text": "there is no liquidity left behind. We'll"}, {"start": "00:09:56", "end": "00:10:01", "text": "make sure that we scoop up as much as"}, {"start": "00:09:58", "end": "00:10:03", "text": "possible. So, with a public type of uh"}, {"start": "00:10:01", "end": "00:10:05", "text": "blockchain, global interoperability,"}, {"start": "00:10:03", "end": "00:10:07", "text": "trillions of dollars, 247 global"}, {"start": "00:10:05", "end": "00:10:08", "text": "liquidity, and you can pretty much trade"}, {"start": "00:10:07", "end": "00:10:10", "text": "and do other things as you want to on"}, {"start": "00:10:08", "end": "00:10:12", "text": "internet and smartphone. This is a"}, {"start": "00:10:10", "end": "00:10:13", "text": "pretty smart reason. Let me know what"}, {"start": "00:10:12", "end": "00:10:15", "text": "you think about this in the in the"}, {"start": "00:10:13", "end": "00:10:16", "text": "comments section. This is launching in"}, {"start": "00:10:15", "end": "00:10:18", "text": "October. I think this could be big, very"}, {"start": "00:10:16", "end": "00:10:21", "text": "bullish,"}, {"start": "00:10:18", "end": "00:10:25", "text": "but just wait because I think we're"}, {"start": "00:10:21", "end": "00:10:26", "text": "going to see a shift to us growing up in"}, {"start": "00:10:25", "end": "00:10:29", "text": "this market, which is well as it should"}, {"start": "00:10:26", "end": "00:10:31", "text": "be. This is from Woo Blockchain. base"}, {"start": "00:10:29", "end": "00:10:34", "text": "founder Jesse Pollock who is the founder"}, {"start": "00:10:31", "end": "00:10:37", "text": "of the base will focus on trading"}, {"start": "00:10:34", "end": "00:10:39", "text": "payments and AI agents after moving away"}, {"start": "00:10:37", "end": "00:10:41", "text": "from social push like memecoins and"}, {"start": "00:10:39", "end": "00:10:43", "text": "stuff like that. Look, everybody gets"}, {"start": "00:10:41", "end": "00:10:45", "text": "gets caught up into it, but I think we"}, {"start": "00:10:43", "end": "00:10:48", "text": "know where we're supposed to go and it"}, {"start": "00:10:45", "end": "00:10:50", "text": "sure as heck wasn't Fartcoin. Bass"}, {"start": "00:10:48", "end": "00:10:52", "text": "founder Jesse Pollock said he was focus"}, {"start": "00:10:50", "end": "00:10:54", "text": "was wrong to focus heavily on social"}, {"start": "00:10:52", "end": "00:10:56", "text": "products and content coins acknowledging"}, {"start": "00:10:54", "end": "00:10:58", "text": "the strategy caused Bass to fall behind"}, {"start": "00:10:56", "end": "00:11:00", "text": "in such areas such as perpetuals,"}, {"start": "00:10:58", "end": "00:11:02", "text": "prediction markets, tokenization and"}, {"start": "00:11:00", "end": "00:11:03", "text": "payments. If they would have focused on"}, {"start": "00:11:02", "end": "00:11:05", "text": "this part, they would have been way"}, {"start": "00:11:03", "end": "00:11:07", "text": "ahead. Unfortunately, they focus on"}, {"start": "00:11:05", "end": "00:11:08", "text": "something different. And I think there"}, {"start": "00:11:07", "end": "00:11:12", "text": "there's an even bigger play as they"}, {"start": "00:11:08", "end": "00:11:14", "text": "focus on AI agents and payments on the"}, {"start": "00:11:12", "end": "00:11:16", "text": "base layer. So, this is great. I'd like"}, {"start": "00:11:14", "end": "00:11:18", "text": "to see more of this. I'd like to see"}, {"start": "00:11:16", "end": "00:11:21", "text": "things grow up because we can't keep"}, {"start": "00:11:18", "end": "00:11:23", "text": "focusing on betting on stupid meme coins"}, {"start": "00:11:21", "end": "00:11:25", "text": "that do absolutely nothing. Hopefully we"}, {"start": "00:11:23", "end": "00:11:28", "text": "can get things to actually work. And"}, {"start": "00:11:25", "end": "00:11:31", "text": "then also as far as like moving away to"}, {"start": "00:11:28", "end": "00:11:33", "text": "the uh the adult side, cancer fits"}, {"start": "00:11:31", "end": "00:11:34", "text": "Gerald and securitize collaborate on"}, {"start": "00:11:33", "end": "00:11:37", "text": "blockchain based IPOs. This is good"}, {"start": "00:11:34", "end": "00:11:39", "text": "because if we can do get more people"}, {"start": "00:11:37", "end": "00:11:41", "text": "investing into private markets, private"}, {"start": "00:11:39", "end": "00:11:44", "text": "companies and hopefully we don't have to"}, {"start": "00:11:41", "end": "00:11:45", "text": "do the um accredited investor route"}, {"start": "00:11:44", "end": "00:11:48", "text": "which we have here in the United States"}, {"start": "00:11:45", "end": "00:11:50", "text": "and let people just free flow, invest"}, {"start": "00:11:48", "end": "00:11:53", "text": "into things, get trained, understand"}, {"start": "00:11:50", "end": "00:11:54", "text": "things. This is a pretty big thing. So"}, {"start": "00:11:53", "end": "00:11:56", "text": "this is what they're doing with IPOs."}, {"start": "00:11:54", "end": "00:11:58", "text": "They create a pathway for public"}, {"start": "00:11:56", "end": "00:12:00", "text": "companies to raise capital on chain and"}, {"start": "00:11:58", "end": "00:12:04", "text": "issue tokenized securities. Ganford Gald"}, {"start": "00:12:00", "end": "00:12:06", "text": "and secure ties revamping IPOs. Cancer"}, {"start": "00:12:04", "end": "00:12:08", "text": "will leverage its equity capital markets"}, {"start": "00:12:06", "end": "00:12:10", "text": "and trading. Securitize will ride the"}, {"start": "00:12:08", "end": "00:12:12", "text": "tokenization, all the infrastructure and"}, {"start": "00:12:10", "end": "00:12:13", "text": "stuff like that. This is interesting as"}, {"start": "00:12:12", "end": "00:12:16", "text": "far as securitize because I'm going to"}, {"start": "00:12:13", "end": "00:12:17", "text": "go back to the same website we took a"}, {"start": "00:12:16", "end": "00:12:18", "text": "look at the beginning, real"}, {"start": "00:12:17", "end": "00:12:20", "text": "worldassets.xyz"}, {"start": "00:12:18", "end": "00:12:23", "text": "or rwa.xyz."}, {"start": "00:12:20", "end": "00:12:25", "text": "And if you scroll down here, the RWA"}, {"start": "00:12:23", "end": "00:12:26", "text": "league table, we were taking a look at"}, {"start": "00:12:25", "end": "00:12:28", "text": "the networks distributed and"}, {"start": "00:12:26", "end": "00:12:30", "text": "representative as you remember. But if"}, {"start": "00:12:28", "end": "00:12:32", "text": "we take a look at platforms, here's"}, {"start": "00:12:30", "end": "00:12:35", "text": "securitize. They've got a total value of"}, {"start": "00:12:32", "end": "00:12:36", "text": "4.8. 8 billion"}, {"start": "00:12:35", "end": "00:12:40", "text": "assets owner management. And if you"}, {"start": "00:12:36", "end": "00:12:43", "text": "click on that, you can see which chains"}, {"start": "00:12:40", "end": "00:12:46", "text": "they're using. Once again, Ethereum,"}, {"start": "00:12:43", "end": "00:12:48", "text": "Avalanche, Sana, ZKYNC, Binance,"}, {"start": "00:12:46", "end": "00:12:50", "text": "Arbitum, Mantel, Algoran, Apptos,"}, {"start": "00:12:48", "end": "00:12:52", "text": "Polygon. If you're looking for winners,"}, {"start": "00:12:50", "end": "00:12:54", "text": "I think these are some that are there."}, {"start": "00:12:52", "end": "00:12:56", "text": "So, that would make sense to me. Let me"}, {"start": "00:12:54", "end": "00:12:59", "text": "think about that in the comments"}, {"start": "00:12:56", "end": "00:13:02", "text": "section. And then finishing up, Morgan"}, {"start": "00:12:59", "end": "00:13:04", "text": "Stanley plans to bring crypto custody,"}, {"start": "00:13:02", "end": "00:13:05", "text": "staking, and lending in-house. Morgan"}, {"start": "00:13:04", "end": "00:13:08", "text": "Stanley won preliminary. I didn't know"}, {"start": "00:13:05", "end": "00:13:10", "text": "this. Morgan Stanley won preliminary OC"}, {"start": "00:13:08", "end": "00:13:13", "text": "or the office of the controller of the"}, {"start": "00:13:10", "end": "00:13:16", "text": "currency approval for a digital asset"}, {"start": "00:13:13", "end": "00:13:19", "text": "trust bank that could bring custody and"}, {"start": "00:13:16", "end": "00:13:23", "text": "staking inhouse. Here's the problem with"}, {"start": "00:13:19", "end": "00:13:25", "text": "banks. They suck. No, I'm just kidding."}, {"start": "00:13:23", "end": "00:13:27", "text": "The problem with banks is lending."}, {"start": "00:13:25", "end": "00:13:28", "text": "fractionalized reserve lending. And I"}, {"start": "00:13:27", "end": "00:13:31", "text": "think we're going to fall into this trap"}, {"start": "00:13:28", "end": "00:13:33", "text": "as as well. Look at this. Banks could"}, {"start": "00:13:31", "end": "00:13:36", "text": "consolidate custody, transfers,"}, {"start": "00:13:33", "end": "00:13:39", "text": "fiduciary staking, and lending"}, {"start": "00:13:36", "end": "00:13:41", "text": "collateral work."}, {"start": "00:13:39", "end": "00:13:43", "text": "That lending part scares me. Pressuring"}, {"start": "00:13:41", "end": "00:13:45", "text": "outside crypto service providers to"}, {"start": "00:13:43", "end": "00:13:46", "text": "catch up or fall behind. And"}, {"start": "00:13:45", "end": "00:13:47", "text": "unfortunately, if you have banks doing"}, {"start": "00:13:46", "end": "00:13:50", "text": "these things, if they're doing"}, {"start": "00:13:47", "end": "00:13:52", "text": "fractionalized reserve lending, we got a"}, {"start": "00:13:50", "end": "00:13:54", "text": "problem because it's hard to compete"}, {"start": "00:13:52", "end": "00:13:57", "text": "with that. as you push out, you take in"}, {"start": "00:13:54", "end": "00:13:59", "text": "100% and you lend out 96%. That's not a"}, {"start": "00:13:57", "end": "00:14:00", "text": "good thing. Hopefully with the clarity"}, {"start": "00:13:59", "end": "00:14:02", "text": "act that says that you have to back it"}, {"start": "00:14:00", "end": "00:14:04", "text": "one to one and we can get away from this"}, {"start": "00:14:02", "end": "00:14:07", "text": "nonsense. Anyhow, final approval still"}, {"start": "00:14:04", "end": "00:14:08", "text": "pending. Execution venues, liquidity,"}, {"start": "00:14:07", "end": "00:14:10", "text": "counterparties and blockchain"}, {"start": "00:14:08", "end": "00:14:13", "text": "infrastructure would remain external"}, {"start": "00:14:10", "end": "00:14:14", "text": "questions. Again, this is still pending"}, {"start": "00:14:13", "end": "00:14:17", "text": "even though they looks like they got"}, {"start": "00:14:14", "end": "00:14:18", "text": "preliminary OC approval. And I don't"}, {"start": "00:14:17", "end": "00:14:21", "text": "know how they're going to get through"}, {"start": "00:14:18", "end": "00:14:24", "text": "this without the Clarity Act"}, {"start": "00:14:21", "end": "00:14:28", "text": "coming in and actually being passed. As"}, {"start": "00:14:24", "end": "00:14:30", "text": "a refresher, we passed the Genius Act"}, {"start": "00:14:28", "end": "00:14:33", "text": "last year. I want to say May 2025,"}, {"start": "00:14:30", "end": "00:14:34", "text": "somewhere around there. Clarity Act does"}, {"start": "00:14:33", "end": "00:14:38", "text": "this."}, {"start": "00:14:34", "end": "00:14:41", "text": "Uh first of all, it tells us who is"}, {"start": "00:14:38", "end": "00:14:42", "text": "responsible, the SEC or the CFTC. CFTC"}, {"start": "00:14:41", "end": "00:14:44", "text": "are going to be digital commodities"}, {"start": "00:14:42", "end": "00:14:47", "text": "which will be Bitcoin, Ethereum and Kant"}, {"start": "00:14:44", "end": "00:14:49", "text": "and stuff like that. SEC investing"}, {"start": "00:14:47", "end": "00:14:51", "text": "contracts and fundraising asset"}, {"start": "00:14:49", "end": "00:14:53", "text": "categories digital commodities"}, {"start": "00:14:51", "end": "00:14:56", "text": "investment contracts criminal payments"}, {"start": "00:14:53", "end": "00:14:57", "text": "and the rules is what is important"}, {"start": "00:14:56", "end": "00:15:00", "text": "because a part of those rules enhanced"}, {"start": "00:14:57", "end": "00:15:04", "text": "disclosures anti-fraud anti-manipulation"}, {"start": "00:15:00", "end": "00:15:05", "text": "and custody also customer fund"}, {"start": "00:15:04", "end": "00:15:07", "text": "segregation which I got to tell you is a"}, {"start": "00:15:05", "end": "00:15:09", "text": "pretty smart thing. Voyager, Celsius,"}, {"start": "00:15:07", "end": "00:15:10", "text": "and BlockFi didn't do that, and that's"}, {"start": "00:15:09", "end": "00:15:13", "text": "one of the reasons why we had such a"}, {"start": "00:15:10", "end": "00:15:15", "text": "problem before. Also, as a reminder, it"}, {"start": "00:15:13", "end": "00:15:16", "text": "has to be a supermajority. I know this"}, {"start": "00:15:15", "end": "00:15:17", "text": "is was supposed to be passed in July."}, {"start": "00:15:16", "end": "00:15:19", "text": "Now, everybody talks about August. We'll"}, {"start": "00:15:17", "end": "00:15:22", "text": "see how it works out. House"}, {"start": "00:15:19", "end": "00:15:25", "text": "reconciliation August to September 2026."}, {"start": "00:15:22", "end": "00:15:26", "text": "We'll see what it is. But again, the the"}, {"start": "00:15:25", "end": "00:15:30", "text": "changes that they want to include is"}, {"start": "00:15:26", "end": "00:15:31", "text": "limiting bank crypto exposure, aiming to"}, {"start": "00:15:30", "end": "00:15:33", "text": "remove parts of the bill, allow bank"}, {"start": "00:15:31", "end": "00:15:34", "text": "holding companies to engage in risky"}, {"start": "00:15:33", "end": "00:15:37", "text": "crypto trading practices and old crypto"}, {"start": "00:15:34", "end": "00:15:38", "text": "assets, citing risk to financial"}, {"start": "00:15:37", "end": "00:15:42", "text": "stability. And the big one of course is"}, {"start": "00:15:38", "end": "00:15:44", "text": "ethics if they can pass that. And that"}, {"start": "00:15:42", "end": "00:15:46", "text": "means that people in a position of"}, {"start": "00:15:44", "end": "00:15:47", "text": "power,"}, {"start": "00:15:46", "end": "00:15:49", "text": "congressmen and women, people in"}, {"start": "00:15:47", "end": "00:15:51", "text": "Congress, presidente of the United"}, {"start": "00:15:49", "end": "00:15:53", "text": "States,"}, {"start": "00:15:51", "end": "00:15:54", "text": "uh they can't trade with this. And that"}, {"start": "00:15:53", "end": "00:15:57", "text": "is the same thing they have for the"}, {"start": "00:15:54", "end": "00:16:00", "text": "stocks act, which says that you can't"}, {"start": "00:15:57", "end": "00:16:02", "text": "use insider information to trade"}, {"start": "00:16:00", "end": "00:16:04", "text": "equities. Of course, they just ignore"}, {"start": "00:16:02", "end": "00:16:05", "text": "that and they do that and they get a"}, {"start": "00:16:04", "end": "00:16:07", "text": "slap on the wrist of like 200 bucks. So,"}, {"start": "00:16:05", "end": "00:16:09", "text": "I don't see the problem. Just pass it"}, {"start": "00:16:07", "end": "00:16:11", "text": "through and let them pay a fine. They're"}, {"start": "00:16:09", "end": "00:16:14", "text": "not going to listen to us anyhow. So,"}, {"start": "00:16:11", "end": "00:16:16", "text": "we'll see what happens with with clarity"}, {"start": "00:16:14", "end": "00:16:18", "text": "and then finishing up. I think this is a"}, {"start": "00:16:16", "end": "00:16:19", "text": "pretty good business, too. And I got to"}, {"start": "00:16:18", "end": "00:16:21", "text": "tell you, I apologize for all the"}, {"start": "00:16:19", "end": "00:16:23", "text": "bullishness. I'm usually not this"}, {"start": "00:16:21", "end": "00:16:25", "text": "bullish, but I really couldn't find too"}, {"start": "00:16:23", "end": "00:16:29", "text": "many bad stuff going on."}, {"start": "00:16:25", "end": "00:16:31", "text": "That is Ricardo Selenus. He is the I"}, {"start": "00:16:29", "end": "00:16:33", "text": "guess the third richest person in"}, {"start": "00:16:31", "end": "00:16:35", "text": "Mexico, they call him. Right right"}, {"start": "00:16:33", "end": "00:16:36", "text": "behind the two of the head of the"}, {"start": "00:16:35", "end": "00:16:38", "text": "cartels. I'm just kidding. I don't know"}, {"start": "00:16:36", "end": "00:16:40", "text": "who's the other two one, but I'm going"}, {"start": "00:16:38", "end": "00:16:42", "text": "to guess cartels. Just in, Mexican"}, {"start": "00:16:40", "end": "00:16:44", "text": "billionaire Ricardo Sinz just announced"}, {"start": "00:16:42", "end": "00:16:46", "text": "he's backing Lynn Alden's treasury"}, {"start": "00:16:44", "end": "00:16:48", "text": "company. He states, \"I learned two"}, {"start": "00:16:46", "end": "00:16:49", "text": "things. Cash is king. Can't count on"}, {"start": "00:16:48", "end": "00:16:51", "text": "governments. That's why I'm backing this"}, {"start": "00:16:49", "end": "00:16:54", "text": "team.\" And I think this is a pretty good"}, {"start": "00:16:51", "end": "00:16:56", "text": "business. I hope so. Check this out."}, {"start": "00:16:54", "end": "00:16:58", "text": "This is actually broken by Bitcoin News."}, {"start": "00:16:56", "end": "00:17:00", "text": "Looks pretty good. And it gives you like"}, {"start": "00:16:58", "end": "00:17:02", "text": "a little background. Private equity"}, {"start": "00:17:00", "end": "00:17:03", "text": "firms typically buy businesses, cut"}, {"start": "00:17:02", "end": "00:17:05", "text": "costs, and sell them within four to"}, {"start": "00:17:03", "end": "00:17:08", "text": "seven years. So, it's pretty much just"}, {"start": "00:17:05", "end": "00:17:09", "text": "like a pump and dump kind of, but"}, {"start": "00:17:08", "end": "00:17:11", "text": "actually they do build them up and it's"}, {"start": "00:17:09", "end": "00:17:13", "text": "all regulated and SEC and CC all that"}, {"start": "00:17:11", "end": "00:17:16", "text": "stuff. Great. But there's a venture from"}, {"start": "00:17:13", "end": "00:17:18", "text": "Lin Alden. It's called Orange Juice. I I"}, {"start": "00:17:16", "end": "00:17:20", "text": "like the format. It's the opposite"}, {"start": "00:17:18", "end": "00:17:22", "text": "strategy. They want to acquire"}, {"start": "00:17:20", "end": "00:17:25", "text": "profitable businesses between$1 and $10"}, {"start": "00:17:22", "end": "00:17:27", "text": "million, improve them, hold them"}, {"start": "00:17:25", "end": "00:17:31", "text": "permanently, and build a Bitcoin"}, {"start": "00:17:27", "end": "00:17:32", "text": "treasury along the way."}, {"start": "00:17:31", "end": "00:17:34", "text": "Tell me what the problem with that is."}, {"start": "00:17:32", "end": "00:17:38", "text": "That sounds pretty good. It's founded by"}, {"start": "00:17:34", "end": "00:17:40", "text": "uh Ego Death Capital partners including"}, {"start": "00:17:38", "end": "00:17:42", "text": "Jeff Booth and Lyn Alden. They've raised"}, {"start": "00:17:40", "end": "00:17:44", "text": "40 million. They want to acquire US"}, {"start": "00:17:42", "end": "00:17:45", "text": "businesses genering 1 to 10 million. And"}, {"start": "00:17:44", "end": "00:17:47", "text": "again, rather than preparing companies"}, {"start": "00:17:45", "end": "00:17:49", "text": "for resale, Orange Shoe says it will"}, {"start": "00:17:47", "end": "00:17:52", "text": "preserve each business's identity,"}, {"start": "00:17:49", "end": "00:17:56", "text": "strengthen operations of the long term,"}, {"start": "00:17:52", "end": "00:18:00", "text": "and reinvest retained earnings into a"}, {"start": "00:17:56", "end": "00:18:02", "text": "Bitcoin treasury. That's great. Let's do"}, {"start": "00:18:00", "end": "00:18:04", "text": "that. And I think the last thing was the"}, {"start": "00:18:02", "end": "00:18:07", "text": "most impressive to me. The company also"}, {"start": "00:18:04", "end": "00:18:10", "text": "plans to build an an in-house AI"}, {"start": "00:18:07", "end": "00:18:12", "text": "operating team to help portfolio"}, {"start": "00:18:10", "end": "00:18:15", "text": "companies improve productivity while"}, {"start": "00:18:12", "end": "00:18:17", "text": "using leverage conservatively. And as a"}, {"start": "00:18:15", "end": "00:18:18", "text": "reminder for all these different great"}, {"start": "00:18:17", "end": "00:18:21", "text": "stories that we just talked about and"}, {"start": "00:18:18", "end": "00:18:25", "text": "how fantastic and bullish it is,"}, {"start": "00:18:21", "end": "00:18:28", "text": "remember it doesn't do too much if a you"}, {"start": "00:18:25", "end": "00:18:31", "text": "got to pay a bunch in taxes and b you"}, {"start": "00:18:28", "end": "00:18:35", "text": "lose it because of a hack. So, as a"}, {"start": "00:18:31", "end": "00:18:38", "text": "reminder, I know this gets old."}, {"start": "00:18:35", "end": "00:18:41", "text": "I trust I have a Roth IRA. They keep it"}, {"start": "00:18:38", "end": "00:18:45", "text": "for me. It's great for custody. I'm not"}, {"start": "00:18:41", "end": "00:18:49", "text": "a fan of Ledger. I like Tangent, but ITR"}, {"start": "00:18:45", "end": "00:18:51", "text": "now holds a heck of a almost 90% now of"}, {"start": "00:18:49", "end": "00:18:53", "text": "all my different crypto assets. Uh"}, {"start": "00:18:51", "end": "00:18:54", "text": "because when I went through the process"}, {"start": "00:18:53", "end": "00:18:57", "text": "to take them off, it was a big pain in"}, {"start": "00:18:54", "end": "00:19:00", "text": "the It took me over two weeks to do. And"}, {"start": "00:18:57", "end": "00:19:03", "text": "I trust them. They use the co the same"}, {"start": "00:19:00", "end": "00:19:06", "text": "custody service as uh Larry Frink and"}, {"start": "00:19:03", "end": "00:19:07", "text": "Michael Sailor, which is Coinbase Prime."}, {"start": "00:19:06", "end": "00:19:09", "text": "And now everybody here at Digital Asset"}, {"start": "00:19:07", "end": "00:19:10", "text": "News, they get their own person to talk"}, {"start": "00:19:09", "end": "00:19:13", "text": "to. His name is Ryan Rankin. There he"}, {"start": "00:19:10", "end": "00:19:15", "text": "is. Look at that smile. You can call him"}, {"start": "00:19:13", "end": "00:19:17", "text": "directly on this number, which also a"}, {"start": "00:19:15", "end": "00:19:18", "text": "link in the description. Call that"}, {"start": "00:19:17", "end": "00:19:20", "text": "number and say, \"I'd like to talk to"}, {"start": "00:19:18", "end": "00:19:23", "text": "Ryan Ranken. I'm from Digital Asset"}, {"start": "00:19:20", "end": "00:19:25", "text": "News.\" And you get to talk to a live"}, {"start": "00:19:23", "end": "00:19:27", "text": "person. You can talk about custody and"}, {"start": "00:19:25", "end": "00:19:29", "text": "Roth IAS, traditional IAS and stuff like"}, {"start": "00:19:27", "end": "00:19:32", "text": "that. Now is the time to plan for that"}, {"start": "00:19:29", "end": "00:19:34", "text": "before we blow up into 2029. And that's"}, {"start": "00:19:32", "end": "00:19:36", "text": "it for today. So look, like today's"}, {"start": "00:19:34", "end": "00:19:38", "text": "video, give it a thumbs up, consider"}, {"start": "00:19:36", "end": "00:19:40", "text": "subscribing. Every talk about is"}, {"start": "00:19:38", "end": "00:19:41", "text": "relatively timesensitive. But that's it"}, {"start": "00:19:40", "end": "00:19:44", "text": "for this one. Oh, there was one more"}, {"start": "00:19:41", "end": "00:19:47", "text": "thing I forgot to talk about. Uh thanks"}, {"start": "00:19:44", "end": "00:19:50", "text": "to you guys because yesterday we did a"}, {"start": "00:19:47", "end": "00:19:54", "text": "quick little video on a video on a"}, {"start": "00:19:50", "end": "00:19:57", "text": "website that my AI agent Claude whipped"}, {"start": "00:19:54", "end": "00:19:59", "text": "up called priceprofits.com."}, {"start": "00:19:57", "end": "00:20:02", "text": "That's prophets, like biblical terms,"}, {"start": "00:19:59", "end": "00:20:04", "text": "prophets. And uh a lot of you put in"}, {"start": "00:20:02", "end": "00:20:06", "text": "there that you wanted to see some"}, {"start": "00:20:04", "end": "00:20:09", "text": "different people. And one of those was"}, {"start": "00:20:06", "end": "00:20:12", "text": "Raul Pal. Now look, I'm just the"}, {"start": "00:20:09", "end": "00:20:16", "text": "bystander. I'm just the messenger. And"}, {"start": "00:20:12", "end": "00:20:17", "text": "what we did is I put him into the"}, {"start": "00:20:16", "end": "00:20:19", "text": "system. And if you don't know, there's a"}, {"start": "00:20:17", "end": "00:20:21", "text": "link in the description. You go to"}, {"start": "00:20:19", "end": "00:20:23", "text": "priceprofits.com. It's a free website."}, {"start": "00:20:21", "end": "00:20:26", "text": "It's just alls we're doing here is we're"}, {"start": "00:20:23", "end": "00:20:29", "text": "tracking these calls that people make"}, {"start": "00:20:26", "end": "00:20:31", "text": "and we hold them accountable so people"}, {"start": "00:20:29", "end": "00:20:34", "text": "can realize just how dumb price"}, {"start": "00:20:31", "end": "00:20:38", "text": "predictions are. Anyhow,"}, {"start": "00:20:34", "end": "00:20:41", "text": "uh we put in uh"}, {"start": "00:20:38", "end": "00:20:45", "text": "Raul Pal and his predictions and so far"}, {"start": "00:20:41", "end": "00:20:48", "text": "he is the worst offender uh so far. So"}, {"start": "00:20:45", "end": "00:20:51", "text": "uh let's see. I tried to make this"}, {"start": "00:20:48", "end": "00:20:55", "text": "moving forward 2026 and beyond because"}, {"start": "00:20:51", "end": "00:20:56", "text": "everybody in 2025 and 2021 uh they all"}, {"start": "00:20:55", "end": "00:21:00", "text": "messed up. They all got it wrong. Every"}, {"start": "00:20:56", "end": "00:21:03", "text": "single one of them, even me. So, Ro Pal"}, {"start": "00:21:00", "end": "00:21:06", "text": "got two wrong and he's on he's cruising"}, {"start": "00:21:03", "end": "00:21:09", "text": "for a third. Now, as a reminder, I'm"}, {"start": "00:21:06", "end": "00:21:11", "text": "also there. This is my price prediction."}, {"start": "00:21:09", "end": "00:21:14", "text": "I know they're dumb, but they're fun."}, {"start": "00:21:11", "end": "00:21:18", "text": "And I said that it's between 150 170K by"}, {"start": "00:21:14", "end": "00:21:20", "text": "2029. And when you click on say like me,"}, {"start": "00:21:18", "end": "00:21:23", "text": "you can see the call because it'll it'll"}, {"start": "00:21:20", "end": "00:21:25", "text": "take you to the post or to the uh the"}, {"start": "00:21:23", "end": "00:21:30", "text": "video where it's been it's being said."}, {"start": "00:21:25", "end": "00:21:34", "text": "So let's see. Let's see. Peter Schiff,"}, {"start": "00:21:30", "end": "00:21:39", "text": "what did he do? Ah, okay. That's Peter"}, {"start": "00:21:34", "end": "00:21:42", "text": "Schiff. And then uh Ral Pal."}, {"start": "00:21:39", "end": "00:21:42", "text": "Let me go to 2D."}, {"start": "00:21:43", "end": "00:21:47", "text": "He said 140k."}, {"start": "00:21:49", "end": "00:21:55", "text": "Oh yeah, there it is. It's funny."}, {"start": "00:21:52", "end": "00:21:59", "text": "Anyhow, this is just created by AI. So,"}, {"start": "00:21:55", "end": "00:22:00", "text": "right now we've got Ral Pal."}, {"start": "00:21:59", "end": "00:22:05", "text": "Unfortunately, he is in the wall of"}, {"start": "00:22:00", "end": "00:22:07", "text": "shame as uh number one. So, thanks for"}, {"start": "00:22:05", "end": "00:22:09", "text": "that one. That's it for today. So, let's"}, {"start": "00:22:07", "end": "00:22:10", "text": "get into a little Q&A. That's the most"}, {"start": "00:22:09", "end": "00:22:13", "text": "important part of this this whole"}, {"start": "00:22:10", "end": "00:22:13", "text": "channel. Anyhow,"}, {"start": "00:22:14", "end": "00:22:19", "text": "Ben Cowan better be on that list. He"}, {"start": "00:22:17", "end": "00:22:22", "text": "better talk about my alts. I don't think"}, {"start": "00:22:19", "end": "00:22:24", "text": "he's going to talk about alts too much."}, {"start": "00:22:22", "end": "00:22:27", "text": "I got to tell you, I you know, Bitcoin"}, {"start": "00:22:24", "end": "00:22:29", "text": "maxis were right on a lot of things."}, {"start": "00:22:27", "end": "00:22:31", "text": "They were we talk more about Bitcoin"}, {"start": "00:22:29", "end": "00:22:33", "text": "anything else. And as time has gone on,"}, {"start": "00:22:31", "end": "00:22:36", "text": "I I really do see the favorability and"}, {"start": "00:22:33", "end": "00:22:39", "text": "the actual utility of it. It has moved"}, {"start": "00:22:36", "end": "00:22:41", "text": "away from what the white paper stated it"}, {"start": "00:22:39", "end": "00:22:43", "text": "was supposed to be for peer-to-peer"}, {"start": "00:22:41", "end": "00:22:47", "text": "transactions. Now it becomes more of"}, {"start": "00:22:43", "end": "00:22:50", "text": "like a gold 2.0 store of value."}, {"start": "00:22:47", "end": "00:22:51", "text": "That's how I I see it. But again, it's"}, {"start": "00:22:50", "end": "00:22:54", "text": "it's like taking a look at technology"}, {"start": "00:22:51", "end": "00:22:57", "text": "and when early man discovered iron ore,"}, {"start": "00:22:54", "end": "00:22:59", "text": "they never had an idea that oh well,"}, {"start": "00:22:57", "end": "00:23:01", "text": "iron ore would actually be made for, you"}, {"start": "00:22:59", "end": "00:23:03", "text": "know, metals and would actually build"}, {"start": "00:23:01", "end": "00:23:04", "text": "skyscrapers out of them. And so they had"}, {"start": "00:23:03", "end": "00:23:10", "text": "no idea, right? technology moves, but"}, {"start": "00:23:04", "end": "00:23:12", "text": "that's tens of thousands. Let's see. Uh,"}, {"start": "00:23:10", "end": "00:23:15", "text": "sorry, I I missed a bunch of this. I"}, {"start": "00:23:12", "end": "00:23:15", "text": "apologize,"}, {"start": "00:23:15", "end": "00:23:19", "text": "Ed. He did miss the banana zone. We all"}, {"start": "00:23:18", "end": "00:23:22", "text": "missed the banana zone. We should have"}, {"start": "00:23:19", "end": "00:23:23", "text": "been selling more."}, {"start": "00:23:22", "end": "00:23:25", "text": "Is Bobby doing price? No, this was me."}, {"start": "00:23:23", "end": "00:23:28", "text": "And I always give like a price"}, {"start": "00:23:25", "end": "00:23:31", "text": "prediction between like $3 to $3 million"}, {"start": "00:23:28", "end": "00:23:36", "text": "which keeps it safe. But"}, {"start": "00:23:31", "end": "00:23:36", "text": "um I just think and we can see it here"}, {"start": "00:23:39", "end": "00:23:43", "text": "when you take a look at like the price"}, {"start": "00:23:40", "end": "00:23:47", "text": "predictions themselves. So you you can"}, {"start": "00:23:43", "end": "00:23:49", "text": "you can break this down by by price,"}, {"start": "00:23:47", "end": "00:23:51", "text": "by time,"}, {"start": "00:23:49", "end": "00:23:54", "text": "or you can just do a 2D version which is"}, {"start": "00:23:51", "end": "00:23:56", "text": "like both together. And some of the"}, {"start": "00:23:54", "end": "00:23:58", "text": "problems, let's do it by price. The"}, {"start": "00:23:56", "end": "00:24:01", "text": "problems are is that you got people like"}, {"start": "00:23:58", "end": "00:24:04", "text": "this guy like Schiff, which is fine, you"}, {"start": "00:24:01", "end": "00:24:06", "text": "know, and then Dan P�ena, they'll"}, {"start": "00:24:04", "end": "00:24:09", "text": "they'll be screaming for like it's going"}, {"start": "00:24:06", "end": "00:24:12", "text": "to a dollar or zero or 20,000, which"}, {"start": "00:24:09", "end": "00:24:14", "text": "Peter Schiff is not going to hit."}, {"start": "00:24:12", "end": "00:24:16", "text": "And then you got people like over here"}, {"start": "00:24:14", "end": "00:24:17", "text": "like Samson Mau who's like it's going to"}, {"start": "00:24:16", "end": "00:24:21", "text": "a million"}, {"start": "00:24:17", "end": "00:24:22", "text": "in 2026. Like that's"}, {"start": "00:24:21", "end": "00:24:24", "text": "okay."}, {"start": "00:24:22", "end": "00:24:26", "text": "Sailor at least is reasonable a million"}, {"start": "00:24:24", "end": "00:24:28", "text": "by the end of decade. And then Matthew"}, {"start": "00:24:26", "end": "00:24:30", "text": "Seagull from Vanek is like okay a"}, {"start": "00:24:28", "end": "00:24:34", "text": "million by 2029."}, {"start": "00:24:30", "end": "00:24:36", "text": "And there's just these there's like a a"}, {"start": "00:24:34", "end": "00:24:38", "text": "dichotomy between like what's"}, {"start": "00:24:36", "end": "00:24:41", "text": "reasonable. That's not reasonable and"}, {"start": "00:24:38", "end": "00:24:43", "text": "that's not reasonable. It's just not."}, {"start": "00:24:41", "end": "00:24:47", "text": "But if you're somewhere in the middle"}, {"start": "00:24:43", "end": "00:24:47", "text": "and as far as like time"}, {"start": "00:24:48", "end": "00:24:53", "text": "that makes a little more sense, right?"}, {"start": "00:24:50", "end": "00:24:56", "text": "Or actually price"}, {"start": "00:24:53", "end": "00:24:58", "text": "end time."}, {"start": "00:24:56", "end": "00:25:02", "text": "Like I think like my price was like 150"}, {"start": "00:24:58", "end": "00:25:04", "text": "to 170K by 2029. That's super that's"}, {"start": "00:25:02", "end": "00:25:06", "text": "relatively conservative. And I think"}, {"start": "00:25:04", "end": "00:25:09", "text": "Peter Brandt is is going to is going to"}, {"start": "00:25:06", "end": "00:25:13", "text": "nail it even better. He thinks 250 to"}, {"start": "00:25:09", "end": "00:25:16", "text": "500k by late 2029."}, {"start": "00:25:13", "end": "00:25:18", "text": "I don't know if that's going to happen,"}, {"start": "00:25:16", "end": "00:25:21", "text": "but"}, {"start": "00:25:18", "end": "00:25:25", "text": "where did he go? Ah, but I think he's"}, {"start": "00:25:21", "end": "00:25:27", "text": "got it right. He says 40k to 60k in"}, {"start": "00:25:25", "end": "00:25:29", "text": "September to October 2026. I think he's"}, {"start": "00:25:27", "end": "00:25:31", "text": "going to nail it. And then there's"}, {"start": "00:25:29", "end": "00:25:33", "text": "Crypto Rover here and Price Dr. Profit."}, {"start": "00:25:31", "end": "00:25:36", "text": "They'll probably be the ones, these"}, {"start": "00:25:33", "end": "00:25:38", "text": "three people will probably nail it. The"}, {"start": "00:25:36", "end": "00:25:41", "text": "other ones I don't think are gonna gonna"}, {"start": "00:25:38", "end": "00:25:46", "text": "hit. All right."}, {"start": "00:25:41", "end": "00:25:49", "text": "Me too. Banana zone. Oh, no."}, {"start": "00:25:46", "end": "00:25:50", "text": "Ah, it's a good question. Rebecca,"}, {"start": "00:25:49", "end": "00:25:55", "text": "what's his name? Arthur Hayes, what's"}, {"start": "00:25:50", "end": "00:25:55", "text": "his price profits? Let's take a peek."}, {"start": "00:26:07", "end": "00:26:12", "text": "RP"}, {"start": "00:26:10", "end": "00:26:14", "text": "Arthur Hayes, I don't know why his"}, {"start": "00:26:12", "end": "00:26:15", "text": "picture doesn't come up. That's"}, {"start": "00:26:14", "end": "00:26:18", "text": "something for Claude to fix, not me. I'm"}, {"start": "00:26:15", "end": "00:26:21", "text": "not a developer. Arthur Hayes says"}, {"start": "00:26:18", "end": "00:26:24", "text": "125,000 by December 2026."}, {"start": "00:26:21", "end": "00:26:28", "text": "Uh, he's not going to make that. That's"}, {"start": "00:26:24", "end": "00:26:28", "text": "Arthur Hayes."}, {"start": "00:26:28", "end": "00:26:33", "text": "And uh, yeah, so far that's what he's"}, {"start": "00:26:30", "end": "00:26:35", "text": "got. I think he's more of an altcoin"}, {"start": "00:26:33", "end": "00:26:38", "text": "kind of guy. Pump and dump type of"}, {"start": "00:26:35", "end": "00:26:41", "text": "thing."}, {"start": "00:26:38", "end": "00:26:44", "text": "Let's see."}, {"start": "00:26:41", "end": "00:26:47", "text": "Is Is CTO in the price profits? No, but"}, {"start": "00:26:44", "end": "00:26:50", "text": "I really should be adding them all in."}, {"start": "00:26:47", "end": "00:26:51", "text": "Actually, I should be adding CTO Larson."}, {"start": "00:26:50", "end": "00:26:56", "text": "I should be adding James. I should be"}, {"start": "00:26:51", "end": "00:26:58", "text": "adding Ben. I should be adding Guy."}, {"start": "00:26:56", "end": "00:27:00", "text": "All of them. They should go in there."}, {"start": "00:26:58", "end": "00:27:01", "text": "You know what I'll do is when I have"}, {"start": "00:27:00", "end": "00:27:03", "text": "people on the show, I'll just ask them"}, {"start": "00:27:01", "end": "00:27:05", "text": "price predictions and then I'll just"}, {"start": "00:27:03", "end": "00:27:09", "text": "stick them in that's that that that uh"}, {"start": "00:27:05", "end": "00:27:09", "text": "plot see the news."}, {"start": "00:27:10", "end": "00:27:14", "text": "Rusty says, \"I see Bitwise AR invest B,"}, {"start": "00:27:12", "end": "00:27:18", "text": "but I don't see Rusty. I carry weight"}, {"start": "00:27:14", "end": "00:27:20", "text": "69%.\" That could be true."}, {"start": "00:27:18", "end": "00:27:23", "text": "Jimmy, no, no, no. So, you're saying the"}, {"start": "00:27:20", "end": "00:27:25", "text": "banazone was a hoax? Not a hoax. It was"}, {"start": "00:27:23", "end": "00:27:27", "text": "It's not like this is I don't think most"}, {"start": "00:27:25", "end": "00:27:28", "text": "people are malicious and do it on"}, {"start": "00:27:27", "end": "00:27:30", "text": "purpose."}, {"start": "00:27:28", "end": "00:27:32", "text": "for the Bitcoin. I think for all coins"}, {"start": "00:27:30", "end": "00:27:34", "text": "they do. On on some of them, I do think"}, {"start": "00:27:32", "end": "00:27:37", "text": "they manipulate the market. That's just"}, {"start": "00:27:34", "end": "00:27:38", "text": "me. My personal opinion, don't sue me."}, {"start": "00:27:37", "end": "00:27:40", "text": "But I think with the bananas, I think"}, {"start": "00:27:38", "end": "00:27:42", "text": "Raul Pal when he took a look at the"}, {"start": "00:27:40", "end": "00:27:44", "text": "business cycle and all, he's a smart"}, {"start": "00:27:42", "end": "00:27:47", "text": "guy, but it just got away from him and"}, {"start": "00:27:44", "end": "00:27:48", "text": "it just didn't work out. Same thing. You"}, {"start": "00:27:47", "end": "00:27:49", "text": "know what it's the same thing of? It's"}, {"start": "00:27:48", "end": "00:27:51", "text": "the same thing with like M2 money"}, {"start": "00:27:49", "end": "00:27:53", "text": "supply. How many times did we hear"}, {"start": "00:27:51", "end": "00:27:55", "text": "about, you know, when the M2 money"}, {"start": "00:27:53", "end": "00:27:58", "text": "supply goes up, that's a sign for"}, {"start": "00:27:55", "end": "00:28:00", "text": "Bitcoin to also go up. And as we took a"}, {"start": "00:27:58", "end": "00:28:01", "text": "look at the M2 money supply, it keeps"}, {"start": "00:28:00", "end": "00:28:03", "text": "going up, but yet Bitcoin went down."}, {"start": "00:28:01", "end": "00:28:06", "text": "Like, what the heck happened? Same"}, {"start": "00:28:03", "end": "00:28:11", "text": "thing. It makes sense."}, {"start": "00:28:06", "end": "00:28:11", "text": "Just didn't just didn't pan out. Yeah."}, {"start": "00:28:15", "end": "00:28:19", "text": "Yeah. Let's see. Looking forward to"}, {"start": "00:28:16", "end": "00:28:22", "text": "Miami. Everybody's looking forward. You"}, {"start": "00:28:19", "end": "00:28:25", "text": "guys don't know we'll be doing a uh a"}, {"start": "00:28:22", "end": "00:28:25", "text": "conference"}, {"start": "00:28:26", "end": "00:28:30", "text": "and it looks like this."}, {"start": "00:28:34", "end": "00:28:37", "text": "Oh, that's right. I don't have it."}, {"start": "00:28:36", "end": "00:28:41", "text": "Actually, no, I do have it. Let me show"}, {"start": "00:28:37", "end": "00:28:44", "text": "you what I'm talking about."}, {"start": "00:28:41", "end": "00:28:46", "text": "in there's a link in the description"}, {"start": "00:28:44", "end": "00:28:48", "text": "and it says the ITC conference and you"}, {"start": "00:28:46", "end": "00:28:50", "text": "get 10% off with this fantastic code"}, {"start": "00:28:48", "end": "00:28:54", "text": "rob. And as I was as I was saying"}, {"start": "00:28:50", "end": "00:28:57", "text": "before, you deserve you deserve a break."}, {"start": "00:28:54", "end": "00:29:00", "text": "How hard have you been working? How much"}, {"start": "00:28:57", "end": "00:29:01", "text": "stress are you under? How much have you"}, {"start": "00:29:00", "end": "00:29:04", "text": "been buying dips in the bare market when"}, {"start": "00:29:01", "end": "00:29:06", "text": "no one else does? You deserve a trip to"}, {"start": "00:29:04", "end": "00:29:09", "text": "Miami."}, {"start": "00:29:06", "end": "00:29:10", "text": "And"}, {"start": "00:29:09", "end": "00:29:14", "text": "it's going to be a nice little"}, {"start": "00:29:10", "end": "00:29:16", "text": "conference. It's not it's not a uh you"}, {"start": "00:29:14", "end": "00:29:18", "text": "know like a Michael Sailor rah type of"}, {"start": "00:29:16", "end": "00:29:21", "text": "thing. It's just the people that you"}, {"start": "00:29:18", "end": "00:29:25", "text": "know and love. There's Ben,"}, {"start": "00:29:21", "end": "00:29:30", "text": "Kemp Carson, Marusco, Mike Mcloone."}, {"start": "00:29:25", "end": "00:29:32", "text": "There's Guy Turner and his"}, {"start": "00:29:30", "end": "00:29:34", "text": "That's the best. That's the best picture"}, {"start": "00:29:32", "end": "00:29:36", "text": "we could have got. A guy. Oh well. And"}, {"start": "00:29:34", "end": "00:29:39", "text": "there's this guy with a big head. Gareth"}, {"start": "00:29:36", "end": "00:29:42", "text": "Saloway. David Lynn."}, {"start": "00:29:39", "end": "00:29:44", "text": "Oh, Tommy Crown, Epic Kamichi, Scrypto"}, {"start": "00:29:42", "end": "00:29:47", "text": "Kid, Ianaldo,"}, {"start": "00:29:44", "end": "00:29:49", "text": "Jason Pazino, and Matt Crosby. I know"}, {"start": "00:29:47", "end": "00:29:51", "text": "there's some other ones coming, but"}, {"start": "00:29:49", "end": "00:29:56", "text": "that's what's happening. It's like uh"}, {"start": "00:29:51", "end": "00:29:59", "text": "it's 20th to the 22nd of November."}, {"start": "00:29:56", "end": "00:30:03", "text": "And if you want to find some"}, {"start": "00:29:59", "end": "00:30:05", "text": "like places to stay,"}, {"start": "00:30:03", "end": "00:30:09", "text": "they're here somewhere."}, {"start": "00:30:05", "end": "00:30:11", "text": "Damn. Pro is 1,400 bucks. Wow. San 29"}, {"start": "00:30:09", "end": "00:30:15", "text": "and I will be giving away a couple of"}, {"start": "00:30:11", "end": "00:30:15", "text": "free tickets. Just saying"}, {"start": "00:30:15", "end": "00:30:20", "text": "conference access"}, {"start": "00:30:18", "end": "00:30:22", "text": "there's an afterparty. There's a bunch"}, {"start": "00:30:20", "end": "00:30:25", "text": "of links here. Oh, I see. I see. I see."}, {"start": "00:30:22", "end": "00:30:28", "text": "This is what it happens."}, {"start": "00:30:25", "end": "00:30:31", "text": "And yeah, that'll be the event. Looks"}, {"start": "00:30:28", "end": "00:30:31", "text": "pretty fun."}, {"start": "00:30:32", "end": "00:30:37", "text": "Everett says, \"Rob, you speaking at"}, {"start": "00:30:34", "end": "00:30:41", "text": "Ben's comments. What will the topic be?\""}, {"start": "00:30:37", "end": "00:30:41", "text": "Ah, well,"}, {"start": "00:30:42", "end": "00:30:47", "text": "I have an idea of where I think things"}, {"start": "00:30:44", "end": "00:30:49", "text": "should go. One is because I think at"}, {"start": "00:30:47", "end": "00:30:51", "text": "around that same time is when the market"}, {"start": "00:30:49", "end": "00:30:53", "text": "will bottom. So, I'd like to talk about"}, {"start": "00:30:51", "end": "00:30:54", "text": "tax strategies. I know it's not very"}, {"start": "00:30:53", "end": "00:30:58", "text": "fun, but you know what's not very fun?"}, {"start": "00:30:54", "end": "00:30:59", "text": "Paying 30% cap gains. So, I'm going to"}, {"start": "00:30:58", "end": "00:31:01", "text": "talk about some of the things that I've"}, {"start": "00:30:59", "end": "00:31:03", "text": "done along the way. And then I'm going"}, {"start": "00:31:01", "end": "00:31:04", "text": "to talk about the dangers of doing those"}, {"start": "00:31:03", "end": "00:31:06", "text": "things."}, {"start": "00:31:04", "end": "00:31:08", "text": "And uh one of those dangers of doing"}, {"start": "00:31:06", "end": "00:31:10", "text": "those things is the audits. And then I'm"}, {"start": "00:31:08", "end": "00:31:12", "text": "going to get into a little bit about AI"}, {"start": "00:31:10", "end": "00:31:13", "text": "and how AI can help you do these things."}, {"start": "00:31:12", "end": "00:31:16", "text": "Then also we're going to talk about"}, {"start": "00:31:13", "end": "00:31:17", "text": "investments of what you can do later"}, {"start": "00:31:16", "end": "00:31:22", "text": "which will for me we'll be talking about"}, {"start": "00:31:17", "end": "00:31:24", "text": "real estate. So if you when I come and"}, {"start": "00:31:22", "end": "00:31:26", "text": "talk about things I don't want to talk"}, {"start": "00:31:24", "end": "00:31:27", "text": "about like the markets and and where it"}, {"start": "00:31:26", "end": "00:31:29", "text": "is because you can see it on the live"}, {"start": "00:31:27", "end": "00:31:32", "text": "stream. to me. I want to share with you"}, {"start": "00:31:29", "end": "00:31:34", "text": "like what I do with my funds after I"}, {"start": "00:31:32", "end": "00:31:38", "text": "make those gains, how I roll those into"}, {"start": "00:31:34", "end": "00:31:40", "text": "businesses and uh ideas for people to"}, {"start": "00:31:38", "end": "00:31:42", "text": "use and take home with them. So, that's"}, {"start": "00:31:40", "end": "00:31:45", "text": "about it."}, {"start": "00:31:42", "end": "00:31:45", "text": "That's what I think will happen."}, {"start": "00:31:46", "end": "00:31:50", "text": "I'm waiting for the Benco altcoin"}, {"start": "00:31:48", "end": "00:31:52", "text": "conference in Las Vegas."}, {"start": "00:31:50", "end": "00:31:55", "text": "Now, that would be something. It would"}, {"start": "00:31:52", "end": "00:32:00", "text": "also that's a meme coin waiting to"}, {"start": "00:31:55", "end": "00:32:04", "text": "happen. Is Max Kaiser on the list? No."}, {"start": "00:32:00", "end": "00:32:04", "text": "Thank you. Welcome."}, {"start": "00:32:05", "end": "00:32:11", "text": "We are levelheaded most the time. That's"}, {"start": "00:32:08", "end": "00:32:11", "text": "probably true."}, {"start": "00:32:12", "end": "00:32:16", "text": "Uh let's see"}, {"start": "00:32:17", "end": "00:32:21", "text": "where is where is James from best answer"}, {"start": "00:32:19", "end": "00:32:23", "text": "on there. You know what's great about uh"}, {"start": "00:32:21", "end": "00:32:26", "text": "Claude? I can just throw it in there."}, {"start": "00:32:23", "end": "00:32:28", "text": "But here's the thing like I"}, {"start": "00:32:26", "end": "00:32:30", "text": "I'll put them I'll put some people in"}, {"start": "00:32:28", "end": "00:32:33", "text": "there, but as a reminder, I need your"}, {"start": "00:32:30", "end": "00:32:35", "text": "help to do these things. So, if you go"}, {"start": "00:32:33", "end": "00:32:38", "text": "to the website and check all these"}, {"start": "00:32:35", "end": "00:32:41", "text": "different calls, there's a button says"}, {"start": "00:32:38", "end": "00:32:43", "text": "submit a call"}, {"start": "00:32:41", "end": "00:32:48", "text": "and you're going to put in who you want."}, {"start": "00:32:43", "end": "00:32:48", "text": "You can put in, you know,"}, {"start": "00:32:50", "end": "00:32:56", "text": "Simon Dixon. That's a good one. Simon"}, {"start": "00:32:52", "end": "00:32:59", "text": "Dixon. and he put his uh"}, {"start": "00:32:56", "end": "00:33:02", "text": "whatever his uh handle is"}, {"start": "00:32:59", "end": "00:33:05", "text": "and then direction and a year target"}, {"start": "00:33:02", "end": "00:33:06", "text": "range 1 million"}, {"start": "00:33:05", "end": "00:33:09", "text": "deadline and then I need this thing"}, {"start": "00:33:06", "end": "00:33:11", "text": "right here. I need the uh source because"}, {"start": "00:33:09", "end": "00:33:14", "text": "if you submit it without the source,"}, {"start": "00:33:11", "end": "00:33:16", "text": "which could be a YouTube video, it could"}, {"start": "00:33:14", "end": "00:33:18", "text": "be a social media post, it could be an"}, {"start": "00:33:16", "end": "00:33:21", "text": "article, put it right there so I can"}, {"start": "00:33:18", "end": "00:33:24", "text": "verify it because when this goes into"}, {"start": "00:33:21", "end": "00:33:26", "text": "the website, it automatically gets"}, {"start": "00:33:24", "end": "00:33:28", "text": "archived into the wayback time machine"}, {"start": "00:33:26", "end": "00:33:30", "text": "so nothing gets lost and people can't"}, {"start": "00:33:28", "end": "00:33:33", "text": "say, \"I didn't say that.\" Hey, you did."}, {"start": "00:33:30", "end": "00:33:40", "text": "It's right there. So, I just when you"}, {"start": "00:33:33", "end": "00:33:42", "text": "have time, submit a call. All right,"}, {"start": "00:33:40", "end": "00:33:45", "text": "Javier says, \"I say 180 to 240.\" Sounds"}, {"start": "00:33:42", "end": "00:33:48", "text": "good."}, {"start": "00:33:45", "end": "00:33:51", "text": "209."}, {"start": "00:33:48", "end": "00:33:54", "text": "Uh, there you go. You should add You"}, {"start": "00:33:51", "end": "00:33:56", "text": "should have SPF and Mashinsky"}, {"start": "00:33:54", "end": "00:33:59", "text": "to the conference. Well, they have that"}, {"start": "00:33:56", "end": "00:34:02", "text": "have to be a prison call and would have"}, {"start": "00:33:59", "end": "00:34:04", "text": "to accept the charges. And uh, no. or if"}, {"start": "00:34:02", "end": "00:34:07", "text": "you're talking about like for the price"}, {"start": "00:34:04", "end": "00:34:12", "text": "prediction or the price profit website."}, {"start": "00:34:07", "end": "00:34:14", "text": "No, I I wanted to to make it clear that"}, {"start": "00:34:12", "end": "00:34:17", "text": "anything before 2026, we're not even"}, {"start": "00:34:14", "end": "00:34:19", "text": "going to mention, you know, uh because"}, {"start": "00:34:17", "end": "00:34:22", "text": "that's just like kicking somebody when"}, {"start": "00:34:19", "end": "00:34:25", "text": "they're down. They all made bad calls. I"}, {"start": "00:34:22", "end": "00:34:27", "text": "made really bad calls. I made bad calls."}, {"start": "00:34:25", "end": "00:34:30", "text": "I thought it was going to go over to"}, {"start": "00:34:27", "end": "00:34:32", "text": "over 200k. It didn't happen. Uh so we're"}, {"start": "00:34:30", "end": "00:34:35", "text": "just going to do away with that."}, {"start": "00:34:32", "end": "00:34:36", "text": "and uh just January 1st, 226 moving"}, {"start": "00:34:35", "end": "00:34:39", "text": "forward. That way it gives everybody a"}, {"start": "00:34:36", "end": "00:34:40", "text": "fresh"}, {"start": "00:34:39", "end": "00:34:44", "text": "ah look at that face. That way it gives"}, {"start": "00:34:40", "end": "00:34:45", "text": "everybody a a fresh type of uh look."}, {"start": "00:34:44", "end": "00:34:49", "text": "Hey,"}, {"start": "00:34:45", "end": "00:34:49", "text": "so I hope that makes sense."}, {"start": "00:34:52", "end": "00:34:58", "text": "Great."}, {"start": "00:34:55", "end": "00:34:59", "text": "Wow. James James should be in jail with"}, {"start": "00:34:58", "end": "00:35:01", "text": "Alex Mashinsky. I don't know if we're"}, {"start": "00:34:59", "end": "00:35:04", "text": "going to go that far. I mean, come on."}, {"start": "00:35:01", "end": "00:35:07", "text": "Mushinsky did a straightup rugpull"}, {"start": "00:35:04", "end": "00:35:09", "text": "uh Ponzi essentially."}, {"start": "00:35:07", "end": "00:35:12", "text": "James made some I'm sure James wasn't"}, {"start": "00:35:09", "end": "00:35:14", "text": "100% perfect."}, {"start": "00:35:12", "end": "00:35:19", "text": "A lot of call for James to be in there."}, {"start": "00:35:14", "end": "00:35:19", "text": "Interesting. Interesting. Allegedly."}, {"start": "00:35:20", "end": "00:35:26", "text": "Yeah, Edward Ed is right. M2 was on spot"}, {"start": "00:35:23", "end": "00:35:28", "text": "for the traditional markets. Tradfi."}, {"start": "00:35:26", "end": "00:35:30", "text": "Yeah, we saw like a good three trillion."}, {"start": "00:35:28", "end": "00:35:32", "text": "I think we're almost at uh I think we're"}, {"start": "00:35:30", "end": "00:35:34", "text": "at 38.2 trillion dollars in debt in"}, {"start": "00:35:32", "end": "00:35:37", "text": "America."}, {"start": "00:35:34", "end": "00:35:41", "text": "Greatest country on the planet."}, {"start": "00:35:37", "end": "00:35:44", "text": "I mean, we're talking about debt."}, {"start": "00:35:41", "end": "00:35:46", "text": "Let's see."}, {"start": "00:35:44", "end": "00:35:48", "text": "Man, I got to tell you, I'm going to"}, {"start": "00:35:46", "end": "00:35:49", "text": "some of the comments here. Let's see."}, {"start": "00:35:48", "end": "00:35:52", "text": "His channel is an echo chamber for"}, {"start": "00:35:49", "end": "00:35:53", "text": "sheep. Wow."}, {"start": "00:35:52", "end": "00:35:55", "text": "I hate people that can't admit they were"}, {"start": "00:35:53", "end": "00:35:58", "text": "wrong. Yeah, there's a lot of people"}, {"start": "00:35:55", "end": "00:36:00", "text": "like that, though."}, {"start": "00:35:58", "end": "00:36:02", "text": "Uh, thankfully I was in the military and"}, {"start": "00:36:00", "end": "00:36:04", "text": "they said if you don't admit your"}, {"start": "00:36:02", "end": "00:36:06", "text": "mistakes, people die. So make sure you"}, {"start": "00:36:04", "end": "00:36:08", "text": "fess up."}, {"start": "00:36:06", "end": "00:36:13", "text": "Made sense."}, {"start": "00:36:08", "end": "00:36:13", "text": "Michael McCory, I made it."}, {"start": "00:36:19", "end": "00:36:23", "text": "Ben, Mike, Mark, Gareth, all great TI"}, {"start": "00:36:21", "end": "00:36:26", "text": "guys. Rob and that Tommy Crown affair"}, {"start": "00:36:23", "end": "00:36:29", "text": "guy. I don't know. Tommy Crown. Tom's a"}, {"start": "00:36:26", "end": "00:36:31", "text": "good for TA. I think it's gonna be a lot"}, {"start": "00:36:29", "end": "00:36:33", "text": "of TA talk. That's why I don't want to"}, {"start": "00:36:31", "end": "00:36:34", "text": "talk about, first of all, I don't do TA."}, {"start": "00:36:33", "end": "00:36:36", "text": "The only TA I do is called Trump"}, {"start": "00:36:34", "end": "00:36:37", "text": "analysis."}, {"start": "00:36:36", "end": "00:36:39", "text": "When he goes on true social, I'm like,"}, {"start": "00:36:37", "end": "00:36:41", "text": "\"Oh, that's not good. I think the"}, {"start": "00:36:39", "end": "00:36:43", "text": "market's going to tank because we just"}, {"start": "00:36:41", "end": "00:36:46", "text": "invaded Iran again for the 37th time"}, {"start": "00:36:43", "end": "00:36:48", "text": "this month.\" And sure enough, it works."}, {"start": "00:36:46", "end": "00:36:51", "text": "But no, I think it's uh important to"}, {"start": "00:36:48", "end": "00:36:54", "text": "talk about"}, {"start": "00:36:51", "end": "00:36:56", "text": "business opportunities uh tax"}, {"start": "00:36:54", "end": "00:36:59", "text": "minimization and then using AI and"}, {"start": "00:36:56", "end": "00:37:01", "text": "average average everyday"}, {"start": "00:36:59", "end": "00:37:03", "text": "lifetime and how you can actually use"}, {"start": "00:37:01", "end": "00:37:05", "text": "that for your businesses. I think that'd"}, {"start": "00:37:03", "end": "00:37:07", "text": "be a little bit more interesting for"}, {"start": "00:37:05", "end": "00:37:10", "text": "people to use. And then also on the"}, {"start": "00:37:07", "end": "00:37:12", "text": "second channel on Dane, the channel that"}, {"start": "00:37:10", "end": "00:37:14", "text": "we you're not the channel, the website"}, {"start": "00:37:12", "end": "00:37:17", "text": "that you're looking at"}, {"start": "00:37:14", "end": "00:37:19", "text": "uh for the price profits, I need to show"}, {"start": "00:37:17", "end": "00:37:22", "text": "everybody"}, {"start": "00:37:19", "end": "00:37:25", "text": "uh how you can make a website and have"}, {"start": "00:37:22", "end": "00:37:28", "text": "hosting for pennies every month. I need"}, {"start": "00:37:25", "end": "00:37:31", "text": "to put that video out ASAP because this"}, {"start": "00:37:28", "end": "00:37:33", "text": "website I I spun this up in a couple of"}, {"start": "00:37:31", "end": "00:37:36", "text": "days and it's going to cost me unless I"}, {"start": "00:37:33", "end": "00:37:39", "text": "get like a 100,000 hits every month."}, {"start": "00:37:36", "end": "00:37:42", "text": "It's going to cost me probably about a a"}, {"start": "00:37:39", "end": "00:37:45", "text": "dime 12 cents somewhere around there."}, {"start": "00:37:42", "end": "00:37:46", "text": "So, it's kind of important I do that."}, {"start": "00:37:45", "end": "00:37:48", "text": "And I'm going to show you how to use"}, {"start": "00:37:46", "end": "00:37:49", "text": "Claude as your developer because that's"}, {"start": "00:37:48", "end": "00:37:52", "text": "all Claude does. And that's the reason"}, {"start": "00:37:49", "end": "00:37:54", "text": "why people don't transfer off of like"}, {"start": "00:37:52", "end": "00:37:55", "text": "GoDaddy hosting and stuff like that"}, {"start": "00:37:54", "end": "00:37:57", "text": "because they don't realize what they can"}, {"start": "00:37:55", "end": "00:37:59", "text": "do."}, {"start": "00:37:57", "end": "00:38:03", "text": "Tom Crown seems like a decent guy. He's"}, {"start": "00:37:59", "end": "00:38:03", "text": "very nice guy. I met him."}, {"start": "00:38:05", "end": "00:38:10", "text": "Alex Mashinsky should do the should do"}, {"start": "00:38:07", "end": "00:38:13", "text": "the conference from Ford Dicks. Yeah."}, {"start": "00:38:10", "end": "00:38:14", "text": "Again, like you know, you got to call"}, {"start": "00:38:13", "end": "00:38:16", "text": "from the pay phone when you're in jail"}, {"start": "00:38:14", "end": "00:38:18", "text": "and we got to accept the charges and"}, {"start": "00:38:16", "end": "00:38:20", "text": "it's a bare market. I mean, in this"}, {"start": "00:38:18", "end": "00:38:23", "text": "economy, come on. I can't I can't do"}, {"start": "00:38:20", "end": "00:38:26", "text": "that. Everybody loves Tom Brown. He's a"}, {"start": "00:38:23", "end": "00:38:26", "text": "good guy."}, {"start": "00:38:26", "end": "00:38:30", "text": "That's a good question. Cryptoman, when"}, {"start": "00:38:29", "end": "00:38:33", "text": "do you think you will hand out free"}, {"start": "00:38:30", "end": "00:38:36", "text": "tickets to Miami?"}, {"start": "00:38:33", "end": "00:38:39", "text": "Maybe this week. We've got Thursday."}, {"start": "00:38:36", "end": "00:38:41", "text": "Maybe. You know what? I'll put that on"}, {"start": "00:38:39", "end": "00:38:44", "text": "my things, my list of things to do."}, {"start": "00:38:41", "end": "00:38:46", "text": "Reach out to Dana, who is uh Ben's"}, {"start": "00:38:44", "end": "00:38:49", "text": "assistant, and get her to give me those"}, {"start": "00:38:46", "end": "00:38:49", "text": "tickets."}, {"start": "00:38:52", "end": "00:38:57", "text": "Sir, what's going midstream ads? I don't"}, {"start": "00:38:54", "end": "00:38:57", "text": "know."}, {"start": "00:39:00", "end": "00:39:06", "text": "That's YouTube. What can I tell you?"}, {"start": "00:39:04", "end": "00:39:08", "text": "Uh,"}, {"start": "00:39:06", "end": "00:39:10", "text": "Geekdice says, \"I heard Ben was going to"}, {"start": "00:39:08", "end": "00:39:13", "text": "give away five Bitcoin over and Rob's"}, {"start": "00:39:10", "end": "00:39:15", "text": "community gets closed at the top.\" No,"}, {"start": "00:39:13", "end": "00:39:18", "text": "no, no. What you heard was I will give"}, {"start": "00:39:15", "end": "00:39:21", "text": "everybody uh two bitcoin when they send"}, {"start": "00:39:18", "end": "00:39:21", "text": "me one bitcoin"}, {"start": "00:39:21", "end": "00:39:25", "text": "and that's it for today. I guess there's"}, {"start": "00:39:23", "end": "00:39:27", "text": "a lot of video a lot of ads today. Must"}, {"start": "00:39:25", "end": "00:39:30", "text": "be doing pretty good."}, {"start": "00:39:27", "end": "00:39:31", "text": "Anyhow that's it for today everybody. I"}, {"start": "00:39:30", "end": "00:39:34", "text": "know it was a very bullish video. I"}, {"start": "00:39:31", "end": "00:39:37", "text": "apologize. Tried to mix in some some"}, {"start": "00:39:34", "end": "00:39:39", "text": "negativity but it's looking pretty good."}, {"start": "00:39:37", "end": "00:39:41", "text": "This is the time I think is looking"}, {"start": "00:39:39", "end": "00:39:43", "text": "pretty good to invest. Again, anything"}, {"start": "00:39:41", "end": "00:39:45", "text": "under the 200E moving average or around"}, {"start": "00:39:43", "end": "00:39:47", "text": "here pretty great. That doesn't mean we"}, {"start": "00:39:45", "end": "00:39:50", "text": "can't have a bubble pop of AI tomorrow"}, {"start": "00:39:47", "end": "00:39:54", "text": "and we just go down even more. So, but I"}, {"start": "00:39:50", "end": "00:39:57", "text": "think anything in 50s not too bad. We're"}, {"start": "00:39:54", "end": "00:39:58", "text": "at 6364 today. Not too bad as well. But"}, {"start": "00:39:57", "end": "00:40:00", "text": "we'll see. That's it for today"}, {"start": "00:39:58", "end": "00:40:01", "text": "everybody. Thanks so much for stopping"}, {"start": "00:40:00", "end": "00:40:05", "text": "by. Appreciate it. And I'll see you guys"}, {"start": "00:40:01", "end": "00:40:05", "text": "in the next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "So today on the show, we're going to do"}, {"start": "00:00:02", "end": "00:00:05", "text": "something a little bit different. This"}, {"start": "00:00:02", "end": "00:00:06", "text": "is going to be more of a Q&A type of"}, {"start": "00:00:05", "end": "00:00:07", "text": "session. Now, we're going to talk a"}, {"start": "00:00:06", "end": "00:00:09", "text": "little bit about what's going on in the"}, {"start": "00:00:07", "end": "00:00:10", "text": "market, but I think we all understand"}, {"start": "00:00:09", "end": "00:00:13", "text": "pretty much where we're at. This is a"}, {"start": "00:00:10", "end": "00:00:15", "text": "bare market, not as bad as say like 2022"}, {"start": "00:00:13", "end": "00:00:17", "text": "and 2018. We actually had some pretty"}, {"start": "00:00:15", "end": "00:00:19", "text": "good uh fluctuations to the upside, so"}, {"start": "00:00:17", "end": "00:00:22", "text": "things are looking pretty good. Today,"}, {"start": "00:00:19", "end": "00:00:23", "text": "what I want to talk to you about is"}, {"start": "00:00:22", "end": "00:00:25", "text": "something that I've been briefly"}, {"start": "00:00:23", "end": "00:00:28", "text": "touching on the last two days or so,"}, {"start": "00:00:25", "end": "00:00:31", "text": "which is all about price predictions and"}, {"start": "00:00:28", "end": "00:00:33", "text": "accountability. So the idea was is that"}, {"start": "00:00:31", "end": "00:00:35", "text": "with these price predictions, some of"}, {"start": "00:00:33", "end": "00:00:37", "text": "them carry a lot of weight and some of"}, {"start": "00:00:35", "end": "00:00:39", "text": "them they tend to just be put out there"}, {"start": "00:00:37", "end": "00:00:41", "text": "by people that have this huge huge"}, {"start": "00:00:39", "end": "00:00:42", "text": "following. And because of that, I"}, {"start": "00:00:41", "end": "00:00:43", "text": "thought it'd be a good idea to make a"}, {"start": "00:00:42", "end": "00:00:45", "text": "little bit of a tracker. The thing is"}, {"start": "00:00:43", "end": "00:00:46", "text": "though is I'm going to need a lot of"}, {"start": "00:00:45", "end": "00:00:49", "text": "people's help to make this actually"}, {"start": "00:00:46", "end": "00:00:51", "text": "work. This is going to be a free"}, {"start": "00:00:49", "end": "00:00:53", "text": "community project and also a place where"}, {"start": "00:00:51", "end": "00:00:55", "text": "you can go back and just say like okay"}, {"start": "00:00:53", "end": "00:00:59", "text": "who was right and who has been right for"}, {"start": "00:00:55", "end": "00:01:01", "text": "a long time and who is wrong and who has"}, {"start": "00:00:59", "end": "00:01:03", "text": "been wrong like big time wrong and"}, {"start": "00:01:01", "end": "00:01:06", "text": "that's the whole thing. So we did a"}, {"start": "00:01:03", "end": "00:01:09", "text": "couple of videos around uh five months"}, {"start": "00:01:06", "end": "00:01:12", "text": "ago and nine months ago. One was where I"}, {"start": "00:01:09", "end": "00:01:14", "text": "took a look back uh this was in 2025. I"}, {"start": "00:01:12", "end": "00:01:16", "text": "did the video. I said, \"Hey, guess what?"}, {"start": "00:01:14", "end": "00:01:18", "text": "Uh everybody was wrong.\" And that was"}, {"start": "00:01:16", "end": "00:01:20", "text": "the top Bitcoin price predictions for"}, {"start": "00:01:18", "end": "00:01:22", "text": "2020. And in this video, I linked this"}, {"start": "00:01:20", "end": "00:01:25", "text": "in the description. You can watch this."}, {"start": "00:01:22", "end": "00:01:27", "text": "Uh it wasn't even close. Like nobody got"}, {"start": "00:01:25", "end": "00:01:29", "text": "even close to where their price"}, {"start": "00:01:27", "end": "00:01:30", "text": "predictions were. Now, we all know or we"}, {"start": "00:01:29", "end": "00:01:33", "text": "all should know that price predictions"}, {"start": "00:01:30", "end": "00:01:35", "text": "are just dumb. But they are fun and they"}, {"start": "00:01:33", "end": "00:01:37", "text": "are entertaining. I just don't want"}, {"start": "00:01:35", "end": "00:01:38", "text": "people to get caught up into it,"}, {"start": "00:01:37", "end": "00:01:40", "text": "especially the new people that are"}, {"start": "00:01:38", "end": "00:01:44", "text": "eventually going to come in because you"}, {"start": "00:01:40", "end": "00:01:46", "text": "all know, we all know that in the bare"}, {"start": "00:01:44", "end": "00:01:50", "text": "market, the newbies aren't here. They"}, {"start": "00:01:46", "end": "00:01:52", "text": "don't show up until probably the having"}, {"start": "00:01:50", "end": "00:01:54", "text": "when everybody starts to talk about this"}, {"start": "00:01:52", "end": "00:01:56", "text": "magical four-year cycle and how"}, {"start": "00:01:54", "end": "00:01:58", "text": "everything's going to go to the moon and"}, {"start": "00:01:56", "end": "00:01:59", "text": "people give these crazy price"}, {"start": "00:01:58", "end": "00:02:01", "text": "predictions and those people show up and"}, {"start": "00:01:59", "end": "00:02:04", "text": "they get absolutely wrecked. And that is"}, {"start": "00:02:01", "end": "00:02:06", "text": "part of the reason why we see such a"}, {"start": "00:02:04", "end": "00:02:08", "text": "discourse going on with this Clarity"}, {"start": "00:02:06", "end": "00:02:10", "text": "Act, which if you don't know, I'm just"}, {"start": "00:02:08", "end": "00:02:12", "text": "gonna just gonna tease you on this one,"}, {"start": "00:02:10", "end": "00:02:14", "text": "which is I don't think it's going to"}, {"start": "00:02:12", "end": "00:02:17", "text": "pass. This is from guy over at Coin"}, {"start": "00:02:14", "end": "00:02:18", "text": "Bureau. Democrats call the Clarity Act a"}, {"start": "00:02:17", "end": "00:02:20", "text": "corrupt bill and threatened to vote"}, {"start": "00:02:18", "end": "00:02:22", "text": "against it. Three US senators say they"}, {"start": "00:02:20", "end": "00:02:24", "text": "will not support the bill unless it's"}, {"start": "00:02:22", "end": "00:02:27", "text": "included in an ethics rule preventing"}, {"start": "00:02:24", "end": "00:02:31", "text": "officials, we know who that is, from"}, {"start": "00:02:27", "end": "00:02:33", "text": "personally profiting from crypto. So"}, {"start": "00:02:31", "end": "00:02:35", "text": "again, this will be hopefully this"}, {"start": "00:02:33", "end": "00:02:38", "text": "actually passes. But to get back to the"}, {"start": "00:02:35", "end": "00:02:39", "text": "point, price predictions. That was the"}, {"start": "00:02:38", "end": "00:02:41", "text": "first video. And then I did a follow-up"}, {"start": "00:02:39", "end": "00:02:43", "text": "in 2025 where I said, \"Guess what?"}, {"start": "00:02:41", "end": "00:02:44", "text": "Everybody's wrong again.\" So this is"}, {"start": "00:02:43", "end": "00:02:49", "text": "what I made. Actually, I didn't make"}, {"start": "00:02:44", "end": "00:02:50", "text": "this. Claude made this. Claude is great."}, {"start": "00:02:49", "end": "00:02:53", "text": "It's got its limitations and it gets"}, {"start": "00:02:50", "end": "00:02:55", "text": "kind of pricey and tokens usage goes uh"}, {"start": "00:02:53", "end": "00:02:58", "text": "crazy, but it can create you a website"}, {"start": "00:02:55", "end": "00:03:01", "text": "in almost no time flat. And what's even"}, {"start": "00:02:58", "end": "00:03:03", "text": "great, if you use places like Cloudflare"}, {"start": "00:03:01", "end": "00:03:07", "text": "and AWS, do you know how much you pay"}, {"start": "00:03:03", "end": "00:03:07", "text": "for website hosting?"}, {"start": "00:03:08", "end": "00:03:14", "text": "Zero. You pay zero dollars. So if you"}, {"start": "00:03:12", "end": "00:03:15", "text": "have a website and you don't get that"}, {"start": "00:03:14", "end": "00:03:16", "text": "much traction, it's just a static"}, {"start": "00:03:15", "end": "00:03:19", "text": "website. Did you know you can transfer"}, {"start": "00:03:16", "end": "00:03:21", "text": "it right now over to Cloudflare, which"}, {"start": "00:03:19", "end": "00:03:22", "text": "is a major massive company? It's a"}, {"start": "00:03:21", "end": "00:03:24", "text": "publicly traded company. It's not some"}, {"start": "00:03:22", "end": "00:03:26", "text": "fly by night operation. and use Amazon"}, {"start": "00:03:24", "end": "00:03:29", "text": "Web Service for even some type of like"}, {"start": "00:03:26", "end": "00:03:30", "text": "email autoresponder and marketing and"}, {"start": "00:03:29", "end": "00:03:32", "text": "you can switch it all over. And the"}, {"start": "00:03:30", "end": "00:03:33", "text": "reason why people didn't do it before"}, {"start": "00:03:32", "end": "00:03:35", "text": "was because of the technical limitations"}, {"start": "00:03:33", "end": "00:03:36", "text": "that you would have because you're not a"}, {"start": "00:03:35", "end": "00:03:38", "text": "developer. Well, guess what? Claude's a"}, {"start": "00:03:36", "end": "00:03:40", "text": "developer now. And this this goes for"}, {"start": "00:03:38", "end": "00:03:42", "text": "almost every website out there for the"}, {"start": "00:03:40", "end": "00:03:46", "text": "majority. Now, if you get like 10,000"}, {"start": "00:03:42", "end": "00:03:48", "text": "20,000 views uh per month, this might"}, {"start": "00:03:46", "end": "00:03:50", "text": "not be for you. But as we take a look at"}, {"start": "00:03:48", "end": "00:03:53", "text": "it, this is what Claude did. And this is"}, {"start": "00:03:50", "end": "00:03:56", "text": "the website priceepprofits.com."}, {"start": "00:03:53", "end": "00:03:59", "text": "little play on words. Instead of price"}, {"start": "00:03:56", "end": "00:04:02", "text": "uh predictions, it's price profits."}, {"start": "00:03:59", "end": "00:04:04", "text": "Instead of profits pro fits, it's P O"}, {"start": "00:04:02", "end": "00:04:07", "text": "Ps."}, {"start": "00:04:04", "end": "00:04:10", "text": "Who's on the list? Well,"}, {"start": "00:04:07", "end": "00:04:14", "text": "as we can see here, I've put in roughly"}, {"start": "00:04:10", "end": "00:04:16", "text": "between 17 and 19 people so far."}, {"start": "00:04:14", "end": "00:04:18", "text": "And we can see some of them right here."}, {"start": "00:04:16", "end": "00:04:21", "text": "And you can break this down. And what I"}, {"start": "00:04:18", "end": "00:04:22", "text": "wanted to do was not go back to 2025 and"}, {"start": "00:04:21", "end": "00:04:26", "text": "204 because everybody was wrong. And"}, {"start": "00:04:22", "end": "00:04:28", "text": "that's just that's just kicking a"}, {"start": "00:04:26", "end": "00:04:32", "text": "kicking somebody when they're down. So"}, {"start": "00:04:28", "end": "00:04:34", "text": "everything from 2026 on is the new price"}, {"start": "00:04:32", "end": "00:04:37", "text": "predictions. And before people say,"}, {"start": "00:04:34", "end": "00:04:39", "text": "\"Well, Rob, what about you?\" I am right"}, {"start": "00:04:37", "end": "00:04:41", "text": "here."}, {"start": "00:04:39", "end": "00:04:44", "text": "There is accountability. And I don't get"}, {"start": "00:04:41", "end": "00:04:46", "text": "off just because I have the website. I"}, {"start": "00:04:44", "end": "00:04:48", "text": "will keep myself accountable and you can"}, {"start": "00:04:46", "end": "00:04:49", "text": "keep me accountable, too. So you can"}, {"start": "00:04:48", "end": "00:04:52", "text": "break this down by price and you can"}, {"start": "00:04:49", "end": "00:04:54", "text": "break this down by time. It's pretty"}, {"start": "00:04:52", "end": "00:04:58", "text": "simple. So like with price, you've got"}, {"start": "00:04:54", "end": "00:05:00", "text": "somebody like Peter Schiff who says that"}, {"start": "00:04:58", "end": "00:05:01", "text": "Bitcoin go to 20,000 in 2026. I don't"}, {"start": "00:05:00", "end": "00:05:03", "text": "expect him to be right because he's"}, {"start": "00:05:01", "end": "00:05:05", "text": "never been right. So what's the point?"}, {"start": "00:05:03", "end": "00:05:07", "text": "Then there's a couple newbies, uh,"}, {"start": "00:05:05", "end": "00:05:09", "text": "Crypto Rover, which looks to be pretty"}, {"start": "00:05:07", "end": "00:05:11", "text": "good. I didn't know this was actually a"}, {"start": "00:05:09", "end": "00:05:15", "text": "thing. Uh, he predicts Bitcoin will go"}, {"start": "00:05:11", "end": "00:05:17", "text": "between 40K and 50K fall of 2026, which"}, {"start": "00:05:15", "end": "00:05:20", "text": "is pretty much where I have it at"}, {"start": "00:05:17", "end": "00:05:22", "text": "actually. And then also another one"}, {"start": "00:05:20", "end": "00:05:27", "text": "called Dr. profit. No idea who that is,"}, {"start": "00:05:22", "end": "00:05:29", "text": "but uh 40 to 50k fall 2026 and that's"}, {"start": "00:05:27", "end": "00:05:31", "text": "the more conservative ones. Now, we come"}, {"start": "00:05:29", "end": "00:05:34", "text": "over here and I'll have you take a look"}, {"start": "00:05:31", "end": "00:05:35", "text": "at it when you go to the website."}, {"start": "00:05:34", "end": "00:05:38", "text": "Standard Charter thinks it's going to be"}, {"start": "00:05:35", "end": "00:05:42", "text": "100K. Uh Bernstein thinks it's going to"}, {"start": "00:05:38", "end": "00:05:48", "text": "be 150K to 200K at the 2026 end of year."}, {"start": "00:05:42", "end": "00:05:51", "text": "Tim Draper 2050 by 2027. Uh Plan B"}, {"start": "00:05:48", "end": "00:05:55", "text": "thinks 200K by 2026. and you know crazy"}, {"start": "00:05:51", "end": "00:05:57", "text": "Tomy but uh I actually like Tom great"}, {"start": "00:05:55", "end": "00:05:58", "text": "ahead of hair. So that's what we have"}, {"start": "00:05:57", "end": "00:06:02", "text": "for the spectrum. Then you can go by"}, {"start": "00:05:58", "end": "00:06:05", "text": "time and you can say like okay who"}, {"start": "00:06:02", "end": "00:06:07", "text": "thinks in 2026? Who thinks in 2027? My"}, {"start": "00:06:05", "end": "00:06:10", "text": "price prediction was put out"}, {"start": "00:06:07", "end": "00:06:13", "text": "just this Sunday with me and Jerry and I"}, {"start": "00:06:10", "end": "00:06:15", "text": "think it's going to go to 150 to 170K."}, {"start": "00:06:13", "end": "00:06:18", "text": "The thing with websites and how they do"}, {"start": "00:06:15", "end": "00:06:21", "text": "things is okay well how do you keep this"}, {"start": "00:06:18", "end": "00:06:26", "text": "accountable? Well, if you click on"}, {"start": "00:06:21", "end": "00:06:26", "text": "anybody's profile. I'll click on mine."}, {"start": "00:06:26", "end": "00:06:30", "text": "The status is pending. I called this in"}, {"start": "00:06:29", "end": "00:06:33", "text": "July 2026."}, {"start": "00:06:30", "end": "00:06:36", "text": "You can see the call right here. That's"}, {"start": "00:06:33", "end": "00:06:38", "text": "for everybody. Everybody's call has been"}, {"start": "00:06:36", "end": "00:06:40", "text": "saved to Wayback Time Machine."}, {"start": "00:06:38", "end": "00:06:41", "text": "Everybody. So, there's no like, oh, I'm"}, {"start": "00:06:40", "end": "00:06:43", "text": "going to post this here and then delete"}, {"start": "00:06:41", "end": "00:06:45", "text": "it. No, you're not. Not anymore. I'm"}, {"start": "00:06:43", "end": "00:06:47", "text": "going to save every single one of them"}, {"start": "00:06:45", "end": "00:06:50", "text": "and I'm going to call you out. And when"}, {"start": "00:06:47", "end": "00:06:50", "text": "you go to archive,"}, {"start": "00:06:50", "end": "00:06:55", "text": "this might take a bit because it's the"}, {"start": "00:06:52", "end": "00:06:57", "text": "way back, as they say, the way back time"}, {"start": "00:06:55", "end": "00:07:00", "text": "machine, which gets saved there for"}, {"start": "00:06:57", "end": "00:07:02", "text": "free, which is pretty nice. And you can"}, {"start": "00:07:00", "end": "00:07:04", "text": "see that uh here's the link to the"}, {"start": "00:07:02", "end": "00:07:06", "text": "website"}, {"start": "00:07:04", "end": "00:07:08", "text": "right here."}, {"start": "00:07:06", "end": "00:07:10", "text": "And then when it comes over, well, this"}, {"start": "00:07:08", "end": "00:07:12", "text": "will get done loading. Or if you want to"}, {"start": "00:07:10", "end": "00:07:14", "text": "see the call right now, you click on"}, {"start": "00:07:12", "end": "00:07:16", "text": "this and it'll bring up wherever I made"}, {"start": "00:07:14", "end": "00:07:16", "text": "the call. Russia or right from China or"}, {"start": "00:07:16", "end": "00:07:18", "text": "something."}, {"start": "00:07:16", "end": "00:07:20", "text": ">> Ah, right there. And the same thing"}, {"start": "00:07:18", "end": "00:07:22", "text": "would go for"}, {"start": "00:07:20", "end": "00:07:24", "text": "let's take somebody else. How about Tom"}, {"start": "00:07:22", "end": "00:07:27", "text": "Lee?"}, {"start": "00:07:24", "end": "00:07:29", "text": "Tom Lee says 200 250K. Let's see the"}, {"start": "00:07:27", "end": "00:07:31", "text": "call."}, {"start": "00:07:29", "end": "00:07:35", "text": "And it's on some Bitcoin news. Let's see"}, {"start": "00:07:31", "end": "00:07:35", "text": "the archive."}, {"start": "00:07:35", "end": "00:07:39", "text": "And look at that. Claude set it up to"}, {"start": "00:07:37", "end": "00:07:41", "text": "where it automatically saves it in the"}, {"start": "00:07:39", "end": "00:07:45", "text": "wayback time machine so you can't delete"}, {"start": "00:07:41", "end": "00:07:46", "text": "it. So that's kind of fun. And that is"}, {"start": "00:07:45", "end": "00:07:48", "text": "price profits. Now, here's the thing I"}, {"start": "00:07:46", "end": "00:07:51", "text": "need from you guys. There's a couple of"}, {"start": "00:07:48", "end": "00:07:53", "text": "things. First of all, I don't have that"}, {"start": "00:07:51", "end": "00:07:55", "text": "many people in here. This is just the"}, {"start": "00:07:53", "end": "00:07:58", "text": "ones that I was thinking of. I need your"}, {"start": "00:07:55", "end": "00:08:00", "text": "input as to who should actually go on"}, {"start": "00:07:58", "end": "00:08:03", "text": "here. And actually, I'd like you to to"}, {"start": "00:08:00", "end": "00:08:05", "text": "point your direction to Peter Brandt,"}, {"start": "00:08:03", "end": "00:08:07", "text": "who's making some pretty reasonable"}, {"start": "00:08:05", "end": "00:08:10", "text": "calls lately. And I think he might"}, {"start": "00:08:07", "end": "00:08:13", "text": "actually be pretty close. Anyhow,"}, {"start": "00:08:10", "end": "00:08:14", "text": "when we talk about things you can do on"}, {"start": "00:08:13", "end": "00:08:16", "text": "the top right hand corner, there's this"}, {"start": "00:08:14", "end": "00:08:19", "text": "thing called submit a call. When you"}, {"start": "00:08:16", "end": "00:08:22", "text": "click on that, alls I'm asking for is"}, {"start": "00:08:19", "end": "00:08:23", "text": "whoever that was"}, {"start": "00:08:22", "end": "00:08:25", "text": "that is making this call, making this"}, {"start": "00:08:23", "end": "00:08:27", "text": "crazy price prediction, making this"}, {"start": "00:08:25", "end": "00:08:30", "text": "like, hey, guess what? It's uh because"}, {"start": "00:08:27", "end": "00:08:32", "text": "of the business cycle, dummy, and it's a"}, {"start": "00:08:30", "end": "00:08:36", "text": "banana zone time. Oh, really? Well, put"}, {"start": "00:08:32", "end": "00:08:38", "text": "in who made that call, the platform or"}, {"start": "00:08:36", "end": "00:08:40", "text": "handle, any social media, I don't care."}, {"start": "00:08:38", "end": "00:08:42", "text": "The direction it's going. Is it are they"}, {"start": "00:08:40", "end": "00:08:43", "text": "bullish? Are they bearish? Peter shift"}, {"start": "00:08:42", "end": "00:08:46", "text": "bearish. Pretty much everybody else"}, {"start": "00:08:43", "end": "00:08:48", "text": "bullish. Call type. Is it end of year,"}, {"start": "00:08:46", "end": "00:08:50", "text": "the cycle top, cycle bottom? What's the"}, {"start": "00:08:48", "end": "00:08:53", "text": "target? What's the deadline? And give me"}, {"start": "00:08:50", "end": "00:08:55", "text": "the source. And if you want to put"}, {"start": "00:08:53", "end": "00:08:57", "text": "exactly what they said. And you can put"}, {"start": "00:08:55", "end": "00:08:59", "text": "in your email if you want it optional"}, {"start": "00:08:57", "end": "00:09:01", "text": "for credit. And I'll actually, you know"}, {"start": "00:08:59", "end": "00:09:02", "text": "what I should do? Instead of email, I'm"}, {"start": "00:09:01", "end": "00:09:06", "text": "going to change that to just your first"}, {"start": "00:09:02", "end": "00:09:08", "text": "name or your handle on that's what I'm"}, {"start": "00:09:06", "end": "00:09:10", "text": "going to do. Your handle on YouTube. So"}, {"start": "00:09:08", "end": "00:09:13", "text": "like if uh"}, {"start": "00:09:10", "end": "00:09:16", "text": "uh gosh, let's say A1 rising."}, {"start": "00:09:13", "end": "00:09:17", "text": "A1 is rising. Put something in there and"}, {"start": "00:09:16", "end": "00:09:19", "text": "then he puts his handle. I can give him"}, {"start": "00:09:17", "end": "00:09:20", "text": "a shout out like hey A1 is rising. Put"}, {"start": "00:09:19", "end": "00:09:23", "text": "this one out here. And I think it's"}, {"start": "00:09:20", "end": "00:09:26", "text": "pretty ridiculous as well too. So that"}, {"start": "00:09:23", "end": "00:09:27", "text": "is essentially it in a nutshell for what"}, {"start": "00:09:26", "end": "00:09:29", "text": "price profits are. I just wanted to"}, {"start": "00:09:27", "end": "00:09:31", "text": "bring this to everybody's attention"}, {"start": "00:09:29", "end": "00:09:33", "text": "because I think that it's kind of"}, {"start": "00:09:31", "end": "00:09:36", "text": "ridiculous that these people get away"}, {"start": "00:09:33", "end": "00:09:37", "text": "with this year after year after year of"}, {"start": "00:09:36", "end": "00:09:39", "text": "just calling the most ridiculous things"}, {"start": "00:09:37", "end": "00:09:41", "text": "of all time and not having people have"}, {"start": "00:09:39", "end": "00:09:44", "text": "it like available at their fingertips"}, {"start": "00:09:41", "end": "00:09:47", "text": "easily because right now I can do it"}, {"start": "00:09:44", "end": "00:09:49", "text": "that I can do a video about how they're"}, {"start": "00:09:47", "end": "00:09:51", "text": "wrong but it gets buried in all the"}, {"start": "00:09:49", "end": "00:09:52", "text": "other videos and then people just forget"}, {"start": "00:09:51", "end": "00:09:54", "text": "about it. I want this to be at the"}, {"start": "00:09:52", "end": "00:09:57", "text": "forefront of people's thought process"}, {"start": "00:09:54", "end": "00:09:58", "text": "and they're like that's an interesting"}, {"start": "00:09:57", "end": "00:10:01", "text": "theory. I wonder how right that person"}, {"start": "00:09:58", "end": "00:10:02", "text": "is. Oh, you just go right back here. And"}, {"start": "00:10:01", "end": "00:10:04", "text": "that's it for that piece. So, let me"}, {"start": "00:10:02", "end": "00:10:06", "text": "know what you think about that in the"}, {"start": "00:10:04", "end": "00:10:08", "text": "comments section."}, {"start": "00:10:06", "end": "00:10:10", "text": "And then lastly,"}, {"start": "00:10:08", "end": "00:10:14", "text": "um just to give a little bit of good"}, {"start": "00:10:10", "end": "00:10:17", "text": "news of why I think that uh Bitcoin is a"}, {"start": "00:10:14", "end": "00:10:19", "text": "pretty good investment, it's all about"}, {"start": "00:10:17", "end": "00:10:21", "text": "inflation. Now, I know yesterday we"}, {"start": "00:10:19", "end": "00:10:23", "text": "talked about how inflation came down. I"}, {"start": "00:10:21", "end": "00:10:24", "text": "think we had another inflation yield for"}, {"start": "00:10:23", "end": "00:10:26", "text": "the PPI, the producer price index"}, {"start": "00:10:24", "end": "00:10:28", "text": "actually went down as well. So, that's"}, {"start": "00:10:26", "end": "00:10:30", "text": "actually good for inflation, good for"}, {"start": "00:10:28", "end": "00:10:32", "text": "the Federal Reserve. They're trying to"}, {"start": "00:10:30", "end": "00:10:34", "text": "hopefully hit their their target of 2%."}, {"start": "00:10:32", "end": "00:10:36", "text": "But even if we don't hit 2%, which I"}, {"start": "00:10:34", "end": "00:10:37", "text": "don't think we will, I just want to show"}, {"start": "00:10:36", "end": "00:10:41", "text": "you this from Charlie Bleo. I always"}, {"start": "00:10:37", "end": "00:10:43", "text": "like his information, and it is that if"}, {"start": "00:10:41", "end": "00:10:44", "text": "you just sit on your cash, and I think"}, {"start": "00:10:43", "end": "00:10:46", "text": "we all know this, but the newbies don't"}, {"start": "00:10:44", "end": "00:10:49", "text": "really know so much, is when you just"}, {"start": "00:10:46", "end": "00:10:51", "text": "sit on cash, it just melts away. And"}, {"start": "00:10:49", "end": "00:10:53", "text": "this is the price increase over the last"}, {"start": "00:10:51", "end": "00:10:55", "text": "seven years. So, even though we may have"}, {"start": "00:10:53", "end": "00:10:57", "text": "not had a massive increase in uh"}, {"start": "00:10:55", "end": "00:11:02", "text": "inflation for some things, it doesn't"}, {"start": "00:10:57", "end": "00:11:05", "text": "really matter. New cars 22%. Used that's"}, {"start": "00:11:02", "end": "00:11:08", "text": "weird. Used cars are up 30%. 29%. That's"}, {"start": "00:11:05", "end": "00:11:10", "text": "weird. Shelter, housing 35%, health"}, {"start": "00:11:08", "end": "00:11:12", "text": "insurance"}, {"start": "00:11:10", "end": "00:11:15", "text": "plus 38%, transportation, and the"}, {"start": "00:11:12", "end": "00:11:19", "text": "biggest offenders, coffee"}, {"start": "00:11:15", "end": "00:11:23", "text": "127%, ground beef 79, dozen eggs 72,"}, {"start": "00:11:19", "end": "00:11:25", "text": "fuel only 60%. and house price is 60. So"}, {"start": "00:11:23", "end": "00:11:30", "text": "this is why"}, {"start": "00:11:25", "end": "00:11:31", "text": "you can't get away from Bitcoin. It is a"}, {"start": "00:11:30", "end": "00:11:33", "text": "what I would think is a hedge against"}, {"start": "00:11:31", "end": "00:11:35", "text": "inflation. Just take a look at the price"}, {"start": "00:11:33", "end": "00:11:38", "text": "of what Bitcoin was in 2011 as opposed"}, {"start": "00:11:35", "end": "00:11:41", "text": "to right now today. And that's why why"}, {"start": "00:11:38", "end": "00:11:43", "text": "we'll keep investing into it. And also"}, {"start": "00:11:41", "end": "00:11:46", "text": "don't forget uh the US government"}, {"start": "00:11:43", "end": "00:11:48", "text": "federal debt is now almost $40 trillion"}, {"start": "00:11:46", "end": "00:11:49", "text": "and that's plus three trillion over the"}, {"start": "00:11:48", "end": "00:11:52", "text": "last 12 months. So, good luck to"}, {"start": "00:11:49", "end": "00:11:53", "text": "everybody. That's it for today. Like"}, {"start": "00:11:52", "end": "00:11:55", "text": "today's video, give it a thumbs up."}, {"start": "00:11:53", "end": "00:11:57", "text": "Consider subscribing and we talk about"}, {"start": "00:11:55", "end": "00:11:58", "text": "it's timesensitive. Now, let's get to"}, {"start": "00:11:57", "end": "00:12:00", "text": "the little Q&A and I'll answer all your"}, {"start": "00:11:58", "end": "00:12:02", "text": "questions if you got any about that"}, {"start": "00:12:00", "end": "00:12:06", "text": "website or about what's going on in the"}, {"start": "00:12:02", "end": "00:12:09", "text": "markets themselves. Okay, what do we"}, {"start": "00:12:06", "end": "00:12:12", "text": "have here? Well, the astroturf stuff."}, {"start": "00:12:09", "end": "00:12:16", "text": "Sure. Boy,"}, {"start": "00:12:12", "end": "00:12:19", "text": "ask grass. That's important stuff."}, {"start": "00:12:16", "end": "00:12:20", "text": "Tim says, \"My prediction is higher.\" My"}, {"start": "00:12:19", "end": "00:12:22", "text": "prediction is very low and it's very"}, {"start": "00:12:20", "end": "00:12:25", "text": "conservative. And the reason was because"}, {"start": "00:12:22", "end": "00:12:26", "text": "I always said like you'll have two"}, {"start": "00:12:25", "end": "00:12:28", "text": "groups of people. You'll have the group"}, {"start": "00:12:26", "end": "00:12:31", "text": "over here that's saying it's going to"}, {"start": "00:12:28", "end": "00:12:32", "text": "zero or maybe 10 bucks for Bitcoin, you"}, {"start": "00:12:31", "end": "00:12:34", "text": "know, the Peter Schiff, the Dan Penies"}, {"start": "00:12:32", "end": "00:12:35", "text": "of the world. Then you got people over"}, {"start": "00:12:34", "end": "00:12:37", "text": "here shouting that it's going to a"}, {"start": "00:12:35", "end": "00:12:40", "text": "million dollars or a bajillion over"}, {"start": "00:12:37", "end": "00:12:42", "text": "there. And they're never right. They're"}, {"start": "00:12:40", "end": "00:12:44", "text": "never right. So I think there's like"}, {"start": "00:12:42", "end": "00:12:46", "text": "everything there's truth is usually"}, {"start": "00:12:44", "end": "00:12:48", "text": "found somewhere in the middle especially"}, {"start": "00:12:46", "end": "00:12:51", "text": "all the stories that you read about uh"}, {"start": "00:12:48", "end": "00:12:53", "text": "on social media. So like with mine I"}, {"start": "00:12:51", "end": "00:12:55", "text": "just took a look at it and there is"}, {"start": "00:12:53", "end": "00:12:58", "text": "something that I would like to bring up"}, {"start": "00:12:55", "end": "00:13:00", "text": "right now which I didn't in the when we"}, {"start": "00:12:58", "end": "00:13:05", "text": "were talking about it. So my prediction"}, {"start": "00:13:00", "end": "00:13:07", "text": "was between 150 and 170 in 2029. I know"}, {"start": "00:13:05", "end": "00:13:10", "text": "it doesn't seem like a lot and it's not,"}, {"start": "00:13:07", "end": "00:13:12", "text": "but that's just the diminishing ROI. One"}, {"start": "00:13:10", "end": "00:13:14", "text": "of the things I looked at though, and I"}, {"start": "00:13:12", "end": "00:13:18", "text": "should really talk about this more, is"}, {"start": "00:13:14", "end": "00:13:21", "text": "that we've always been in Q4 as far as"}, {"start": "00:13:18", "end": "00:13:23", "text": "like the four-year cycle"}, {"start": "00:13:21", "end": "00:13:27", "text": "for the blowoff top. And the last one"}, {"start": "00:13:23", "end": "00:13:30", "text": "was October uh 2025."}, {"start": "00:13:27", "end": "00:13:32", "text": "And then the last cycle was November"}, {"start": "00:13:30", "end": "00:13:34", "text": "2021."}, {"start": "00:13:32", "end": "00:13:36", "text": "And the cycle before that was December"}, {"start": "00:13:34", "end": "00:13:38", "text": "2017. But do you see where things are"}, {"start": "00:13:36", "end": "00:13:40", "text": "going as far as like a trend? I'm not"}, {"start": "00:13:38", "end": "00:13:42", "text": "saying it's going to happen. But in"}, {"start": "00:13:40", "end": "00:13:44", "text": "2017, we were December."}, {"start": "00:13:42", "end": "00:13:48", "text": "2021, we were a month behind in"}, {"start": "00:13:44", "end": "00:13:50", "text": "November. In 2025, we were another month"}, {"start": "00:13:48", "end": "00:13:54", "text": "behind in October. So if you just went"}, {"start": "00:13:50", "end": "00:13:55", "text": "by the trend, December, November,"}, {"start": "00:13:54", "end": "00:13:58", "text": "October,"}, {"start": "00:13:55", "end": "00:14:00", "text": "maybe September, maybe we don't see Q4"}, {"start": "00:13:58", "end": "00:14:03", "text": "blowoff top. And it wouldn't surprise me"}, {"start": "00:14:00", "end": "00:14:06", "text": "either because I think as we go into the"}, {"start": "00:14:03", "end": "00:14:09", "text": "next cycle, everybody's going to expect"}, {"start": "00:14:06", "end": "00:14:10", "text": "a blowoff top in sometime in Q4 2029"}, {"start": "00:14:09", "end": "00:14:13", "text": "because that's what we've been"}, {"start": "00:14:10", "end": "00:14:16", "text": "conditioned for. However, the trend is"}, {"start": "00:14:13", "end": "00:14:18", "text": "not looking too favorable for that"}, {"start": "00:14:16", "end": "00:14:21", "text": "December, November, October, then"}, {"start": "00:14:18", "end": "00:14:24", "text": "September. And the trend definitely has"}, {"start": "00:14:21", "end": "00:14:26", "text": "been a diminishing return on investment."}, {"start": "00:14:24", "end": "00:14:29", "text": "All-time low to all-time high looks"}, {"start": "00:14:26", "end": "00:14:30", "text": "pretty nice, right? 116x, 21x, or 8x."}, {"start": "00:14:29", "end": "00:14:33", "text": "But if you take a look at like alltime"}, {"start": "00:14:30", "end": "00:14:35", "text": "high to alltime high,"}, {"start": "00:14:33", "end": "00:14:39", "text": "it's not much."}, {"start": "00:14:35", "end": "00:14:41", "text": "It's not much at all. So,"}, {"start": "00:14:39", "end": "00:14:44", "text": "that's where we're at. Anyhow, what else"}, {"start": "00:14:41", "end": "00:14:44", "text": "we got?"}, {"start": "00:14:47", "end": "00:14:53", "text": "Negative negative wave, says Tim."}, {"start": "00:14:50", "end": "00:14:55", "text": "Trump's going to get it done. Uh, let's"}, {"start": "00:14:53", "end": "00:14:58", "text": "sure hope so."}, {"start": "00:14:55", "end": "00:15:01", "text": "I got I got no problems with that. I"}, {"start": "00:14:58", "end": "00:15:03", "text": "mean, if they can push it over."}, {"start": "00:15:01", "end": "00:15:07", "text": "Another question. Who here remembers"}, {"start": "00:15:03", "end": "00:15:07", "text": "when the Genius Act"}, {"start": "00:15:08", "end": "00:15:14", "text": "uh was approved or passed the Senate?"}, {"start": "00:15:16", "end": "00:15:22", "text": "Looks like it was"}, {"start": "00:15:19", "end": "00:15:26", "text": "July 18th, 2025."}, {"start": "00:15:22", "end": "00:15:27", "text": "July, August. I got to tell you,"}, {"start": "00:15:26", "end": "00:15:30", "text": "you know, the Genius Act, if it was"}, {"start": "00:15:27", "end": "00:15:31", "text": "passed in July 18th, 2025, three months"}, {"start": "00:15:30", "end": "00:15:35", "text": "later,"}, {"start": "00:15:31", "end": "00:15:37", "text": "yeah, we had actually"}, {"start": "00:15:35", "end": "00:15:38", "text": "two months and three weeks,"}, {"start": "00:15:37", "end": "00:15:40", "text": "two months, two and a half, doesn't"}, {"start": "00:15:38", "end": "00:15:43", "text": "matter. Couple months and some change,"}, {"start": "00:15:40", "end": "00:15:44", "text": "we got our blowoff top. So maybe if we"}, {"start": "00:15:43", "end": "00:15:47", "text": "get a Clarity Act this year, maybe"}, {"start": "00:15:44", "end": "00:15:51", "text": "everything goes out the window. Then"}, {"start": "00:15:47", "end": "00:15:54", "text": "maybe these price profits are correct."}, {"start": "00:15:51", "end": "00:15:54", "text": "Let's go by time."}, {"start": "00:15:55", "end": "00:16:01", "text": "So maybe re maybe Robert Kiyosaki will"}, {"start": "00:15:58", "end": "00:16:04", "text": "be correct at 20 250,000."}, {"start": "00:16:01", "end": "00:16:08", "text": "Maybe Arthur Hayes will be correct"}, {"start": "00:16:04", "end": "00:16:10", "text": "125,000 by December 2026. Maybe Bitwise"}, {"start": "00:16:08", "end": "00:16:13", "text": "150K"}, {"start": "00:16:10", "end": "00:16:16", "text": "by end of the year 2026. Maybe Bernstein"}, {"start": "00:16:13", "end": "00:16:19", "text": "will be right at 150 to 200K. Could"}, {"start": "00:16:16", "end": "00:16:23", "text": "happen. Could happen. Boy, that'd be"}, {"start": "00:16:19", "end": "00:16:23", "text": "something, wouldn't it?"}, {"start": "00:16:23", "end": "00:16:26", "text": "Yeah."}, {"start": "00:16:28", "end": "00:16:34", "text": "Oh, thank you. Try to keep myself"}, {"start": "00:16:31", "end": "00:16:37", "text": "somewhat reasonable."}, {"start": "00:16:34", "end": "00:16:40", "text": "And"}, {"start": "00:16:37", "end": "00:16:41", "text": "prison call from Alex Mashinsky."}, {"start": "00:16:40", "end": "00:16:43", "text": "Oh, that guy. That guy was on my show"}, {"start": "00:16:41", "end": "00:16:47", "text": "like four or five times. Lied right to"}, {"start": "00:16:43", "end": "00:16:47", "text": "my face. Not surprising."}, {"start": "00:16:48", "end": "00:16:52", "text": "Yeah, Kelby's right. Ben is saying the"}, {"start": "00:16:50", "end": "00:16:54", "text": "most probable low is October to November"}, {"start": "00:16:52", "end": "00:16:57", "text": "because of past trends. I think 60K is"}, {"start": "00:16:54", "end": "00:17:00", "text": "going to be hard to break. It is. We've"}, {"start": "00:16:57", "end": "00:17:03", "text": "uh it's a it's a level of resistance as"}, {"start": "00:17:00", "end": "00:17:04", "text": "the TA folks say. Jimmy says, \"I think"}, {"start": "00:17:03", "end": "00:17:06", "text": "we can have Claude or Grock just do a"}, {"start": "00:17:04", "end": "00:17:09", "text": "search for influencers Twitter accounts"}, {"start": "00:17:06", "end": "00:17:12", "text": "one by one. Start with Bit Boy.\" Man,"}, {"start": "00:17:09", "end": "00:17:17", "text": "talk about fall from grace. Poor Bit Boy"}, {"start": "00:17:12", "end": "00:17:17", "text": "and the kids, you know. Geez."}, {"start": "00:17:19", "end": "00:17:24", "text": "I'm surprised they didn't call it the"}, {"start": "00:17:21", "end": "00:17:26", "text": "stable genius act. I am the most stable."}, {"start": "00:17:24", "end": "00:17:28", "text": "That's that's just what people say."}, {"start": "00:17:26", "end": "00:17:30", "text": "That's pretty good."}, {"start": "00:17:28", "end": "00:17:33", "text": "Ah, and let's leave it here. Patience is"}, {"start": "00:17:30", "end": "00:17:35", "text": "a virtue. All right, everybody. Time for"}, {"start": "00:17:33", "end": "00:17:37", "text": "a little Texas Roadhouse. I'm going to"}, {"start": "00:17:35", "end": "00:17:39", "text": "go have some lunch. Like today's video,"}, {"start": "00:17:37", "end": "00:17:40", "text": "thumbs up, subscribe, all that great"}, {"start": "00:17:39", "end": "00:17:42", "text": "stuff. Again, check out that video or"}, {"start": "00:17:40", "end": "00:17:43", "text": "the uh website. Tell me where I uh need"}, {"start": "00:17:42", "end": "00:17:45", "text": "to improve and what you guys want to"}, {"start": "00:17:43", "end": "00:17:47", "text": "see. And again, remember, whatever you"}, {"start": "00:17:45", "end": "00:17:49", "text": "want to put in, just send it by that"}, {"start": "00:17:47", "end": "00:17:51", "text": "little link at the very top right hand"}, {"start": "00:17:49", "end": "00:17:52", "text": "corner. Submit it and we'll get it done."}, {"start": "00:17:51", "end": "00:17:54", "text": "That's it for today, everybody. Thanks"}, {"start": "00:17:52", "end": "00:17:56", "text": "so much. See you in the next one. are"}, {"start": "00:17:54", "end": "00:17:56", "text": "the oats."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Well, everybody, looks like inflation is"}, {"start": "00:00:03", "end": "00:00:09", "text": "down, Bitcoin is up, but as ever, we"}, {"start": "00:00:06", "end": "00:00:12", "text": "have to be aware and do our TA, which is"}, {"start": "00:00:09", "end": "00:00:14", "text": "Trump analysis. So, uh, as you may know"}, {"start": "00:00:12", "end": "00:00:15", "text": "already, as this has been breaking in"}, {"start": "00:00:14", "end": "00:00:17", "text": "the rounds. Looks like Trump sends"}, {"start": "00:00:15", "end": "00:00:19", "text": "Congress formal notice that Iran"}, {"start": "00:00:17", "end": "00:00:21", "text": "conflict has resumed. Looks like a"}, {"start": "00:00:19", "end": "00:00:22", "text": "declaration of war. That's what I"}, {"start": "00:00:21", "end": "00:00:24", "text": "originally thought when I read this"}, {"start": "00:00:22", "end": "00:00:25", "text": "article, but you have to be"}, {"start": "00:00:24", "end": "00:00:27", "text": "understanding of what is actually going"}, {"start": "00:00:25", "end": "00:00:30", "text": "on. Now, we've been going back and forth"}, {"start": "00:00:27", "end": "00:00:32", "text": "with this through I want to say February"}, {"start": "00:00:30", "end": "00:00:34", "text": "or so. It seems like it's been forever"}, {"start": "00:00:32", "end": "00:00:36", "text": "and the memorandum of understanding the"}, {"start": "00:00:34", "end": "00:00:38", "text": "MU got shut down and there's been"}, {"start": "00:00:36", "end": "00:00:39", "text": "different plays going back and forth and"}, {"start": "00:00:38", "end": "00:00:41", "text": "it looks like we're bombing them"}, {"start": "00:00:39", "end": "00:00:44", "text": "currently right now. But I got to tell"}, {"start": "00:00:41", "end": "00:00:45", "text": "you, uh when these things go back and"}, {"start": "00:00:44", "end": "00:00:47", "text": "forth, you would see the market dump,"}, {"start": "00:00:45", "end": "00:00:49", "text": "but not today. And one of the reasons is"}, {"start": "00:00:47", "end": "00:00:52", "text": "this. US President Donald Trump has sent"}, {"start": "00:00:49", "end": "00:00:55", "text": "Congress formal notification that"}, {"start": "00:00:52", "end": "00:00:57", "text": "hostilities against Iran resumed on July"}, {"start": "00:00:55", "end": "00:01:00", "text": "7th. Then they're like, \"Wow, really? I"}, {"start": "00:00:57", "end": "00:01:03", "text": "didn't I didn't know that. I wasn't"}, {"start": "00:01:00", "end": "00:01:05", "text": "watching anything on X or the news or my"}, {"start": "00:01:03", "end": "00:01:07", "text": "cousin who told me.\" We all knew this,"}, {"start": "00:01:05", "end": "00:01:09", "text": "but of course it has to be legally sent"}, {"start": "00:01:07", "end": "00:01:13", "text": "out. A letter his administration sees as"}, {"start": "00:01:09", "end": "00:01:16", "text": "opening a new 60-day window to use the"}, {"start": "00:01:13", "end": "00:01:17", "text": "military in the region without"}, {"start": "00:01:16", "end": "00:01:19", "text": "congressional approval. I had to tell"}, {"start": "00:01:17", "end": "00:01:21", "text": "you it's if you want to keep a war going"}, {"start": "00:01:19", "end": "00:01:22", "text": "which this is what it is. All you got to"}, {"start": "00:01:21", "end": "00:01:24", "text": "do is say yeah let's just meet back at"}, {"start": "00:01:22", "end": "00:01:26", "text": "the negotiation table. Okay let's let's"}, {"start": "00:01:24", "end": "00:01:28", "text": "sign thatou let's sign a peace treaty"}, {"start": "00:01:26", "end": "00:01:29", "text": "let's sign a ceasefire and then as it"}, {"start": "00:01:28", "end": "00:01:32", "text": "comes through they're like ah they broke"}, {"start": "00:01:29", "end": "00:01:33", "text": "it hostilities go back. Ah guess what"}, {"start": "00:01:32", "end": "00:01:35", "text": "now we're back at it. This will never"}, {"start": "00:01:33", "end": "00:01:38", "text": "stop and this is not what I voted for"}, {"start": "00:01:35", "end": "00:01:39", "text": "but this is where we're at. So this is"}, {"start": "00:01:38", "end": "00:01:42", "text": "the situation that we have. And as a"}, {"start": "00:01:39", "end": "00:01:44", "text": "reminder there's only so many things we"}, {"start": "00:01:42", "end": "00:01:46", "text": "can control. So we deal with those"}, {"start": "00:01:44", "end": "00:01:48", "text": "things within our sphere of control and"}, {"start": "00:01:46", "end": "00:01:50", "text": "move forward."}, {"start": "00:01:48", "end": "00:01:51", "text": "However,"}, {"start": "00:01:50", "end": "00:01:55", "text": "there is some other news on the street"}, {"start": "00:01:51", "end": "00:01:57", "text": "of Hermoose and this is from DJT right"}, {"start": "00:01:55", "end": "00:02:00", "text": "from Truth Social where he says oil is"}, {"start": "00:01:57", "end": "00:02:02", "text": "flowing like never before. It's the most"}, {"start": "00:02:00", "end": "00:02:04", "text": "flow of all time. Sleepy Joe can never"}, {"start": "00:02:02", "end": "00:02:05", "text": "make this flow like this. Thanks to the"}, {"start": "00:02:04", "end": "00:02:08", "text": "awesome power of the United States"}, {"start": "00:02:05", "end": "00:02:09", "text": "military, based on highly productive"}, {"start": "00:02:08", "end": "00:02:11", "text": "conversations with Middle East"}, {"start": "00:02:09", "end": "00:02:14", "text": "leadership, I've decided to replace the"}, {"start": "00:02:11", "end": "00:02:17", "text": "20% United States reimbursement fee with"}, {"start": "00:02:14", "end": "00:02:20", "text": "trade and investment deals that the"}, {"start": "00:02:17", "end": "00:02:22", "text": "various Gulf states will be making to"}, {"start": "00:02:20", "end": "00:02:24", "text": "the United States. Huh. Those"}, {"start": "00:02:22", "end": "00:02:25", "text": "investments will be massive at the same"}, {"start": "00:02:24", "end": "00:02:27", "text": "time extraordinarily good for them and"}, {"start": "00:02:25", "end": "00:02:29", "text": "their future. So what he's saying is"}, {"start": "00:02:27", "end": "00:02:31", "text": "essentially they are going to be the"}, {"start": "00:02:29", "end": "00:02:33", "text": "guardians of the straight of Hermoose"}, {"start": "00:02:31", "end": "00:02:35", "text": "and every ship that comes through they"}, {"start": "00:02:33", "end": "00:02:38", "text": "will charge them 20% but instead of"}, {"start": "00:02:35", "end": "00:02:40", "text": "charging them 20% the ships and the"}, {"start": "00:02:38", "end": "00:02:42", "text": "countries where those ships come from"}, {"start": "00:02:40", "end": "00:02:44", "text": "will invest 20% into American"}, {"start": "00:02:42", "end": "00:02:46", "text": "businesses. I think this is a horrible"}, {"start": "00:02:44", "end": "00:02:48", "text": "idea but this is just me because it's"}, {"start": "00:02:46", "end": "00:02:49", "text": "the same thing as we've gone around and"}, {"start": "00:02:48", "end": "00:02:50", "text": "making these deals and go are you going"}, {"start": "00:02:49", "end": "00:02:52", "text": "to invest into America? You going to"}, {"start": "00:02:50", "end": "00:02:54", "text": "invest into America? Invest in America."}, {"start": "00:02:52", "end": "00:02:56", "text": "How do you actually make that go"}, {"start": "00:02:54", "end": "00:02:58", "text": "through? How do you actually is it, you"}, {"start": "00:02:56", "end": "00:02:59", "text": "know, legally and binding? Is it you"}, {"start": "00:02:58", "end": "00:03:01", "text": "have to do this today or is this in five"}, {"start": "00:02:59", "end": "00:03:03", "text": "years or 20 years? How does this"}, {"start": "00:03:01", "end": "00:03:05", "text": "actually work? Do you have to do this"}, {"start": "00:03:03", "end": "00:03:06", "text": "right on the day that that the ships go"}, {"start": "00:03:05", "end": "00:03:09", "text": "through or can you wait for a very long"}, {"start": "00:03:06", "end": "00:03:10", "text": "time or can you can you go back on the"}, {"start": "00:03:09", "end": "00:03:11", "text": "actual articles and just say, you know"}, {"start": "00:03:10", "end": "00:03:13", "text": "what, we didn't understand the"}, {"start": "00:03:11", "end": "00:03:16", "text": "stipulations. We're not going to pay for"}, {"start": "00:03:13", "end": "00:03:18", "text": "that. Again, this is a interesting show"}, {"start": "00:03:16", "end": "00:03:21", "text": "that is being put on, but that is where"}, {"start": "00:03:18", "end": "00:03:22", "text": "we're at. However,"}, {"start": "00:03:21", "end": "00:03:25", "text": "I want you to hear it from the horse's"}, {"start": "00:03:22", "end": "00:03:26", "text": "mouth. Here you go. It wasn't important"}, {"start": "00:03:25", "end": "00:03:28", "text": "for us, but it was important for allies."}, {"start": "00:03:26", "end": "00:03:30", "text": "It was important for people that we get"}, {"start": "00:03:28", "end": "00:03:34", "text": "along with very well, including the, you"}, {"start": "00:03:30", "end": "00:03:36", "text": "know, major Gulf state countries. So, I"}, {"start": "00:03:34", "end": "00:03:38", "text": "put it out yesterday. I thought it was"}, {"start": "00:03:36", "end": "00:03:42", "text": "good. I was called by different people,"}, {"start": "00:03:38", "end": "00:03:44", "text": "different countries, Kings and Amirs and"}, {"start": "00:03:42", "end": "00:03:46", "text": "all of the people that we all know and"}, {"start": "00:03:44", "end": "00:03:49", "text": "we all love and they've been, frankly,"}, {"start": "00:03:46", "end": "00:03:50", "text": "they've been very strong partners. And"}, {"start": "00:03:49", "end": "00:03:52", "text": "they said, \"We'd love to do it a"}, {"start": "00:03:50", "end": "00:03:54", "text": "different way. We'd love to invest in"}, {"start": "00:03:52", "end": "00:03:58", "text": "the United States with billions and"}, {"start": "00:03:54", "end": "00:04:00", "text": "billions of dollars and continue our"}, {"start": "00:03:58", "end": "00:04:01", "text": "record setting because we would there's"}, {"start": "00:04:00", "end": "00:04:03", "text": "never been a time like this with the"}, {"start": "00:04:01", "end": "00:04:05", "text": "United States with the factories, with"}, {"start": "00:04:03", "end": "00:04:07", "text": "the plants, with everything else."}, {"start": "00:04:05", "end": "00:04:08", "text": ">> Sounds fantastic. So, that is"}, {"start": "00:04:07", "end": "00:04:10", "text": "essentially what is the president of the"}, {"start": "00:04:08", "end": "00:04:13", "text": "United States is saying that will take"}, {"start": "00:04:10", "end": "00:04:15", "text": "care of our TA portion. Let's get into"}, {"start": "00:04:13", "end": "00:04:18", "text": "the economy. It's a good day. It looks"}, {"start": "00:04:15", "end": "00:04:20", "text": "like uh inflation is on the mend and"}, {"start": "00:04:18", "end": "00:04:24", "text": "going down to that magical 2% rate which"}, {"start": "00:04:20", "end": "00:04:26", "text": "the US Fed seems to highly covet but"}, {"start": "00:04:24", "end": "00:04:28", "text": "never actually maintains. So we can see"}, {"start": "00:04:26", "end": "00:04:30", "text": "that actually let's just go over here."}, {"start": "00:04:28", "end": "00:04:33", "text": "This is from the US Bureau of Labor"}, {"start": "00:04:30", "end": "00:04:36", "text": "Statistics CPI month overmonth uh the"}, {"start": "00:04:33", "end": "00:04:39", "text": "previous was 0.5 expectations was just"}, {"start": "00:04:36", "end": "00:04:43", "text": "to go down by a little bit 0.1% and down"}, {"start": "00:04:39", "end": "00:04:45", "text": "went down 0.4 4 core CPI month over"}, {"start": "00:04:43", "end": "00:04:47", "text": "month it was supposed to stay at 0.2 it"}, {"start": "00:04:45", "end": "00:04:51", "text": "actually went to zero that's pretty"}, {"start": "00:04:47", "end": "00:04:54", "text": "great and then CPI year-over-year"}, {"start": "00:04:51", "end": "00:04:57", "text": "originally 4.2% the expectation was 3.8"}, {"start": "00:04:54", "end": "00:04:58", "text": "and we went down to"}, {"start": "00:04:57", "end": "00:05:01", "text": "3.5%."}, {"start": "00:04:58", "end": "00:05:03", "text": "That is a magnificent drop. Now I don't"}, {"start": "00:05:01", "end": "00:05:05", "text": "know where the data itself is coming"}, {"start": "00:05:03", "end": "00:05:08", "text": "from. I know the new Federal Reserve"}, {"start": "00:05:05", "end": "00:05:09", "text": "chair WSH has taken a look at this and"}, {"start": "00:05:08", "end": "00:05:11", "text": "has said, \"You know what? The way that"}, {"start": "00:05:09", "end": "00:05:14", "text": "we collect data is outdated. We're not"}, {"start": "00:05:11", "end": "00:05:15", "text": "going to call up people and and do these"}, {"start": "00:05:14", "end": "00:05:17", "text": "different surveys. We're going to get"}, {"start": "00:05:15", "end": "00:05:19", "text": "the information right from the"}, {"start": "00:05:17", "end": "00:05:21", "text": "technological sources as best as we"}, {"start": "00:05:19", "end": "00:05:22", "text": "can.\" So maybe there's something to"}, {"start": "00:05:21", "end": "00:05:23", "text": "that. Maybe they're using different"}, {"start": "00:05:22", "end": "00:05:25", "text": "methods. Maybe we see that that"}, {"start": "00:05:23", "end": "00:05:26", "text": "inflation is going down. But I know what"}, {"start": "00:05:25", "end": "00:05:28", "text": "you're saying right now. You're like,"}, {"start": "00:05:26", "end": "00:05:30", "text": "\"Rob, everything I'm paying for went up."}, {"start": "00:05:28", "end": "00:05:32", "text": "What the heck are you talking about?\""}, {"start": "00:05:30", "end": "00:05:34", "text": "Yes. That's the beauty of it. That's why"}, {"start": "00:05:32", "end": "00:05:36", "text": "we invest into Bitcoin. It's because the"}, {"start": "00:05:34", "end": "00:05:38", "text": "government will keep printing money. Did"}, {"start": "00:05:36", "end": "00:05:40", "text": "you know we're at an all-time high and"}, {"start": "00:05:38", "end": "00:05:42", "text": "over like about a year or so, we printed"}, {"start": "00:05:40", "end": "00:05:44", "text": "$3.2 trillion."}, {"start": "00:05:42", "end": "00:05:46", "text": "My my thought is this. Where the heck"}, {"start": "00:05:44", "end": "00:05:48", "text": "are all the people that were saying like"}, {"start": "00:05:46", "end": "00:05:50", "text": "M2 money supply, as soon as it goes up,"}, {"start": "00:05:48", "end": "00:05:52", "text": "Bitcoin goes up. Look how much it's gone"}, {"start": "00:05:50", "end": "00:05:55", "text": "up. And like what what happened there?"}, {"start": "00:05:52", "end": "00:05:57", "text": "It it isn't always correlated. But to"}, {"start": "00:05:55", "end": "00:05:58", "text": "answer the question that I'm sure people"}, {"start": "00:05:57", "end": "00:06:01", "text": "have is everything's going to keep going"}, {"start": "00:05:58", "end": "00:06:02", "text": "up. That's the beauty of inflation. the"}, {"start": "00:06:01", "end": "00:06:05", "text": "the government will continue to debase"}, {"start": "00:06:02", "end": "00:06:07", "text": "the currency. It will keep putting money"}, {"start": "00:06:05", "end": "00:06:09", "text": "into the system. It will keep rolling it"}, {"start": "00:06:07", "end": "00:06:12", "text": "out. And that's why I invest into"}, {"start": "00:06:09", "end": "00:06:14", "text": "Bitcoin. And lastly, the core CPI went"}, {"start": "00:06:12", "end": "00:06:17", "text": "from 2.9. The expectation was 2.8 and"}, {"start": "00:06:14", "end": "00:06:20", "text": "went down to 2.6%. So maybe we get to"}, {"start": "00:06:17", "end": "00:06:21", "text": "that area, but right now we're hovering"}, {"start": "00:06:20", "end": "00:06:24", "text": "around the three and a halfs. Maybe we"}, {"start": "00:06:21", "end": "00:06:26", "text": "hit down at the core CPI to 2%, but I'm"}, {"start": "00:06:24", "end": "00:06:29", "text": "not going to hold my breath. And because"}, {"start": "00:06:26", "end": "00:06:31", "text": "of that, we had a nice, marvelous little"}, {"start": "00:06:29", "end": "00:06:33", "text": "mini pump. And I'll take it. I love it."}, {"start": "00:06:31", "end": "00:06:36", "text": "I love these markets because everybody's"}, {"start": "00:06:33", "end": "00:06:37", "text": "happier and nobody's all ticked off. And"}, {"start": "00:06:36", "end": "00:06:39", "text": "I have to tell you, it's much easier to"}, {"start": "00:06:37", "end": "00:06:41", "text": "do these live streams and than go on X"}, {"start": "00:06:39", "end": "00:06:43", "text": "and deal with all the negativity over"}, {"start": "00:06:41", "end": "00:06:45", "text": "there. Much better. I know I stream to"}, {"start": "00:06:43", "end": "00:06:46", "text": "X, but I don't really go there as much"}, {"start": "00:06:45", "end": "00:06:47", "text": "as I used to. Much better for your"}, {"start": "00:06:46", "end": "00:06:51", "text": "mental health. You should try it."}, {"start": "00:06:47", "end": "00:06:54", "text": "Anyhow, Bitcoin is uh almost 65, 644."}, {"start": "00:06:51", "end": "00:06:57", "text": "Ethereum's up, wow, look at that. 6%."}, {"start": "00:06:54", "end": "00:06:59", "text": "B&B 2.6. XRP 4.2"}, {"start": "00:06:57", "end": "00:07:01", "text": "and a whole host of others. I think I"}, {"start": "00:06:59", "end": "00:07:03", "text": "think everything's up except for Tron."}, {"start": "00:07:01", "end": "00:07:06", "text": "What happened there, Justin? I'd like"}, {"start": "00:07:03", "end": "00:07:09", "text": "you to pump my bags. But here we are. 7%"}, {"start": "00:07:06", "end": "00:07:11", "text": "for Zcash, 3.49. So, pretty good. And on"}, {"start": "00:07:09", "end": "00:07:13", "text": "top of that, the S&P 500 is also"}, {"start": "00:07:11", "end": "00:07:14", "text": "rallying. Well, I guess that's over five"}, {"start": "00:07:13", "end": "00:07:17", "text": "years. Let me just go for one day. Not"}, {"start": "00:07:14", "end": "00:07:20", "text": "too bad. Plus 28 points today. 5 days"}, {"start": "00:07:17", "end": "00:07:22", "text": "0.9 and one month down a little bit. But"}, {"start": "00:07:20", "end": "00:07:25", "text": "I think uh things are going pretty well"}, {"start": "00:07:22", "end": "00:07:28", "text": "given what we have. So, taking a look at"}, {"start": "00:07:25", "end": "00:07:30", "text": "the markets,"}, {"start": "00:07:28", "end": "00:07:33", "text": "it's all about the ROI. And I was taking"}, {"start": "00:07:30", "end": "00:07:36", "text": "a look at this today as far as where"}, {"start": "00:07:33", "end": "00:07:39", "text": "we're at now, year-to- date ROI."}, {"start": "00:07:36", "end": "00:07:41", "text": "And take a look at 2026."}, {"start": "00:07:39", "end": "00:07:43", "text": "We think it's a brutal year, right? We"}, {"start": "00:07:41", "end": "00:07:46", "text": "think this is like very awful, but in"}, {"start": "00:07:43", "end": "00:07:48", "text": "all honesty, it's not too bad. I want to"}, {"start": "00:07:46", "end": "00:07:50", "text": "show you something. This is the year-to-"}, {"start": "00:07:48", "end": "00:07:53", "text": "date Bitcoin year-to- date ROI going"}, {"start": "00:07:50", "end": "00:07:57", "text": "back to January 1st, 2026."}, {"start": "00:07:53", "end": "00:07:59", "text": "And right now we're at 0.72."}, {"start": "00:07:57", "end": "00:08:02", "text": "So what this is, if the Bitcoin year to"}, {"start": "00:07:59", "end": "00:08:05", "text": "date is 0 point, let's say 0.4, then"}, {"start": "00:08:02", "end": "00:08:07", "text": "then B, then Bitcoin is down 60%. That's"}, {"start": "00:08:05", "end": "00:08:10", "text": "essentially what it is. So at 0.72,"}, {"start": "00:08:07", "end": "00:08:15", "text": "you're at like 40%. 30%. Something like"}, {"start": "00:08:10", "end": "00:08:18", "text": "that. 33, I believe. So really"}, {"start": "00:08:15", "end": "00:08:20", "text": "not too bad from the first, right? But"}, {"start": "00:08:18", "end": "00:08:22", "text": "remember how great 2025 was? Oh, that"}, {"start": "00:08:20", "end": "00:08:25", "text": "was a great year, right? It went up so"}, {"start": "00:08:22", "end": "00:08:26", "text": "much. It was doing so well. Take a look"}, {"start": "00:08:25", "end": "00:08:30", "text": "here."}, {"start": "00:08:26", "end": "00:08:30", "text": "This is 2025."}, {"start": "00:08:30", "end": "00:08:34", "text": "It's not too fantastic. Quite honestly,"}, {"start": "00:08:32", "end": "00:08:38", "text": "it made some pretty big gains from the"}, {"start": "00:08:34", "end": "00:08:41", "text": "first, but it was actually didn't go up"}, {"start": "00:08:38", "end": "00:08:42", "text": "until May and then came up here to"}, {"start": "00:08:41", "end": "00:08:45", "text": "October. I think we all remember that"}, {"start": "00:08:42", "end": "00:08:47", "text": "1.32. Now we're talking. But then"}, {"start": "00:08:45", "end": "00:08:51", "text": "flattened out. Then it flattened out"}, {"start": "00:08:47", "end": "00:08:54", "text": "even more. I think the big year for ROI"}, {"start": "00:08:51", "end": "00:08:56", "text": "was 2024. Take a look at that. And that"}, {"start": "00:08:54", "end": "00:08:58", "text": "of course was when the Bitcoin ETF was"}, {"start": "00:08:56", "end": "00:09:00", "text": "approved and everybody was super happy."}, {"start": "00:08:58", "end": "00:09:02", "text": "I remember those days. It was fantastic."}, {"start": "00:09:00", "end": "00:09:04", "text": "So I know like like we take a look and"}, {"start": "00:09:02", "end": "00:09:06", "text": "we have this idea in our head about how"}, {"start": "00:09:04", "end": "00:09:09", "text": "great things were. Five wasn't that"}, {"start": "00:09:06", "end": "00:09:12", "text": "great quite honestly. And 2026 I don't"}, {"start": "00:09:09", "end": "00:09:14", "text": "think is actually that bad. So let me"}, {"start": "00:09:12", "end": "00:09:16", "text": "know what you think about that in the"}, {"start": "00:09:14", "end": "00:09:19", "text": "comments section. And the reason I I I I"}, {"start": "00:09:16", "end": "00:09:20", "text": "brought up ROI is because I know like in"}, {"start": "00:09:19", "end": "00:09:22", "text": "the bare market people think that they"}, {"start": "00:09:20", "end": "00:09:24", "text": "blew it. You know, they didn't sell"}, {"start": "00:09:22", "end": "00:09:27", "text": "enough and this is awful. But I'll"}, {"start": "00:09:24", "end": "00:09:28", "text": "remind you about ROI and just taking a"}, {"start": "00:09:27", "end": "00:09:30", "text": "look at stocks. This is from Bull"}, {"start": "00:09:28", "end": "00:09:33", "text": "Theory. Definitely a good follow. And"}, {"start": "00:09:30", "end": "00:09:36", "text": "they put out this there was a study from"}, {"start": "00:09:33", "end": "00:09:39", "text": "Arizona State and what it took a look at"}, {"start": "00:09:36", "end": "00:09:41", "text": "was all the stocks from 1910 to current"}, {"start": "00:09:39", "end": "00:09:43", "text": "to see what kind of wealth was created."}, {"start": "00:09:41", "end": "00:09:45", "text": "And what it stated was 91 trillion in"}, {"start": "00:09:43", "end": "00:09:47", "text": "wealth was created by the US stock"}, {"start": "00:09:45", "end": "00:09:51", "text": "market over a 100red years ago. Listen"}, {"start": "00:09:47", "end": "00:09:55", "text": "to this. Out of 29,000 companies, just"}, {"start": "00:09:51", "end": "00:09:58", "text": "seven stocks generated a staggering 24%"}, {"start": "00:09:55", "end": "00:10:01", "text": "of it. So, I don't know about you, but"}, {"start": "00:09:58", "end": "00:10:03", "text": "I've been in Bitcoin since 2017. It's"}, {"start": "00:10:01", "end": "00:10:05", "text": "done very well for me, and I've invested"}, {"start": "00:10:03", "end": "00:10:08", "text": "in a lot of other things in traditional"}, {"start": "00:10:05", "end": "00:10:09", "text": "markets. Haven't done near as well. I"}, {"start": "00:10:08", "end": "00:10:11", "text": "have to tell you, taking a look at this"}, {"start": "00:10:09", "end": "00:10:12", "text": "study and then to break it down even"}, {"start": "00:10:11", "end": "00:10:14", "text": "further."}, {"start": "00:10:12", "end": "00:10:17", "text": "It talks about in this study, let me"}, {"start": "00:10:14", "end": "00:10:19", "text": "blow this up a little bit,"}, {"start": "00:10:17", "end": "00:10:21", "text": "the trajectory of where we're going as"}, {"start": "00:10:19", "end": "00:10:24", "text": "time goes on. Now, this is just an"}, {"start": "00:10:21", "end": "00:10:27", "text": "evaluation. This is just a model."}, {"start": "00:10:24", "end": "00:10:31", "text": "All models are"}, {"start": "00:10:27", "end": "00:10:33", "text": "useful, but they are wrong. I think"}, {"start": "00:10:31", "end": "00:10:36", "text": "that's the phrase. But what we have here"}, {"start": "00:10:33", "end": "00:10:39", "text": "is the US stocks between 1926 and 2025"}, {"start": "00:10:36", "end": "00:10:41", "text": "there was an average of 10% average"}, {"start": "00:10:39", "end": "00:10:44", "text": "annual return. The next decade projected"}, {"start": "00:10:41", "end": "00:10:46", "text": "return is 3%"}, {"start": "00:10:44", "end": "00:10:49", "text": "annualized. Now it may fluctuate you"}, {"start": "00:10:46", "end": "00:10:50", "text": "know maybe 2.7 maybe 4%. But as a"}, {"start": "00:10:49", "end": "00:10:52", "text": "reminder as we just took a look at in"}, {"start": "00:10:50", "end": "00:10:56", "text": "the beginning uh inflation's probably"}, {"start": "00:10:52", "end": "00:10:59", "text": "going to be sticky around 3% maybe 2.5."}, {"start": "00:10:56", "end": "00:11:02", "text": "So, if the annualized rate of return is"}, {"start": "00:10:59", "end": "00:11:03", "text": "3% and you're investing in the S&P 500,"}, {"start": "00:11:02", "end": "00:11:05", "text": "which I'm going to still do. I don't"}, {"start": "00:11:03", "end": "00:11:07", "text": "care what this this says. I will still"}, {"start": "00:11:05", "end": "00:11:09", "text": "do it. But it's good to diversify. And"}, {"start": "00:11:07", "end": "00:11:11", "text": "that's why I will be staying and"}, {"start": "00:11:09", "end": "00:11:13", "text": "sticking around with Bitcoin. And as a"}, {"start": "00:11:11", "end": "00:11:15", "text": "reminder,"}, {"start": "00:11:13", "end": "00:11:18", "text": "as this study pointed out, S&P 500 risk,"}, {"start": "00:11:15", "end": "00:11:22", "text": "35% of S&P 500 index comes from the from"}, {"start": "00:11:18", "end": "00:11:24", "text": "the MAG 7. overvaluation risk priced"}, {"start": "00:11:22", "end": "00:11:26", "text": "earnings right now are trading at a 42%"}, {"start": "00:11:24", "end": "00:11:28", "text": "premium to 30-year average. It the"}, {"start": "00:11:26", "end": "00:11:30", "text": "recommendation is to take a look at"}, {"start": "00:11:28", "end": "00:11:33", "text": "global diversification consider non US"}, {"start": "00:11:30", "end": "00:11:34", "text": "developed and emerging markets and"}, {"start": "00:11:33", "end": "00:11:36", "text": "weighing different things as far as"}, {"start": "00:11:34", "end": "00:11:37", "text": "equal weight indices which I'm not a"}, {"start": "00:11:36", "end": "00:11:39", "text": "really big fan of. I would just stick"}, {"start": "00:11:37", "end": "00:11:42", "text": "with the S&P 500 but you could look at"}, {"start": "00:11:39", "end": "00:11:44", "text": "mags and just mag seven. But the big"}, {"start": "00:11:42", "end": "00:11:47", "text": "thing is this. Out of all those stocks"}, {"start": "00:11:44", "end": "00:11:50", "text": "we just took a look at or in the study,"}, {"start": "00:11:47", "end": "00:11:52", "text": "30,000 plus stocks over 100 years, only"}, {"start": "00:11:50", "end": "00:11:55", "text": "46 stocks"}, {"start": "00:11:52", "end": "00:11:57", "text": "drove half of all the market returns."}, {"start": "00:11:55", "end": "00:11:58", "text": "So, I know some people may not feel like"}, {"start": "00:11:57", "end": "00:12:00", "text": "the greatest and say, well, you know,"}, {"start": "00:11:58", "end": "00:12:02", "text": "Bitcoin's not doing so good right now."}, {"start": "00:12:00", "end": "00:12:04", "text": "But I'm telling you, since I've been in"}, {"start": "00:12:02", "end": "00:12:05", "text": "2017,"}, {"start": "00:12:04", "end": "00:12:10", "text": "it's always the same thing in a bare"}, {"start": "00:12:05", "end": "00:12:13", "text": "market, 2018, 2022, and now 2026. is you"}, {"start": "00:12:10", "end": "00:12:16", "text": "start to get a little doubt creep in."}, {"start": "00:12:13", "end": "00:12:18", "text": "But if you just stay the course because"}, {"start": "00:12:16", "end": "00:12:19", "text": "of what we talked about, I can't give a"}, {"start": "00:12:18", "end": "00:12:21", "text": "financial advice, but I know why I'm"}, {"start": "00:12:19", "end": "00:12:24", "text": "sticking around. I think things will"}, {"start": "00:12:21", "end": "00:12:26", "text": "just work out just fine. So,"}, {"start": "00:12:24", "end": "00:12:29", "text": "I think things will do really quite"}, {"start": "00:12:26", "end": "00:12:31", "text": "well. Here's a little reference as far"}, {"start": "00:12:29", "end": "00:12:33", "text": "as like a little bit of bright"}, {"start": "00:12:31", "end": "00:12:37", "text": "brightness taking a look at historically"}, {"start": "00:12:33", "end": "00:12:39", "text": "wise. As a reminder, every four years,"}, {"start": "00:12:37", "end": "00:12:43", "text": "as far as the cycle goes, we're still"}, {"start": "00:12:39", "end": "00:12:46", "text": "20% down or excuse me, 20% higher than"}, {"start": "00:12:43", "end": "00:12:49", "text": "our previous all-time high. Four years"}, {"start": "00:12:46", "end": "00:12:51", "text": "ago in July 14, 2022, which was a brutal"}, {"start": "00:12:49", "end": "00:12:55", "text": "bare market, we were now at this point"}, {"start": "00:12:51", "end": "00:12:57", "text": "at 69% down from the 2021 high. And we"}, {"start": "00:12:55", "end": "00:13:00", "text": "only went down to 77%. As a reminder,"}, {"start": "00:12:57", "end": "00:13:05", "text": "that's only 8% to go from here. Even if"}, {"start": "00:13:00", "end": "00:13:05", "text": "we went down from 49 to 58%"}, {"start": "00:13:06", "end": "00:13:11", "text": "57% Rob 57%"}, {"start": "00:13:09", "end": "00:13:13", "text": "we'd still be in the 50s. I'd still be"}, {"start": "00:13:11", "end": "00:13:15", "text": "okay with that. And that's even if it"}, {"start": "00:13:13", "end": "00:13:18", "text": "drops down, but remember we're 20 points"}, {"start": "00:13:15", "end": "00:13:20", "text": "higher than what we were just four years"}, {"start": "00:13:18", "end": "00:13:24", "text": "ago. So I think things are okay. As a"}, {"start": "00:13:20", "end": "00:13:27", "text": "reminder, everything is speculation"}, {"start": "00:13:24", "end": "00:13:29", "text": "and narrative with a dash of utility. I"}, {"start": "00:13:27", "end": "00:13:30", "text": "think Bitcoin is the most utility as far"}, {"start": "00:13:29", "end": "00:13:33", "text": "as store of value, but be careful with"}, {"start": "00:13:30", "end": "00:13:35", "text": "the altcoins. I own some myself, but"}, {"start": "00:13:33", "end": "00:13:38", "text": "just be aware of what's happening. This"}, {"start": "00:13:35", "end": "00:13:40", "text": "is DB Crypto. He's a great follow. I"}, {"start": "00:13:38", "end": "00:13:43", "text": "linked his information in the uh"}, {"start": "00:13:40", "end": "00:13:46", "text": "description over on X and he had this"}, {"start": "00:13:43", "end": "00:13:48", "text": "point out. This was sent to me and it's"}, {"start": "00:13:46", "end": "00:13:50", "text": "pretty solid. He says, \"For every"}, {"start": "00:13:48", "end": "00:13:52", "text": "thousand Robin Hood makes on its on its"}, {"start": "00:13:50", "end": "00:13:53", "text": "chain, because they're using a Robin"}, {"start": "00:13:52", "end": "00:13:57", "text": "Hood chain, which is a part of Arbitum,"}, {"start": "00:13:53", "end": "00:13:59", "text": "I believe, Ethereum gets $1.88."}, {"start": "00:13:57", "end": "00:14:01", "text": "For every thousand Robin Hood makes on"}, {"start": "00:13:59", "end": "00:14:04", "text": "his chain, Ethereum gets $188."}, {"start": "00:14:01", "end": "00:14:08", "text": "ARCs 14-day audit, 726,000 to Robin"}, {"start": "00:14:04", "end": "00:14:11", "text": "Hood, 80,000 to Arbitum, 1,538 to the L1"}, {"start": "00:14:08", "end": "00:14:13", "text": "securing all of it. So maybe you'd be"}, {"start": "00:14:11", "end": "00:14:15", "text": "investing better into arbitrum. That's"}, {"start": "00:14:13", "end": "00:14:18", "text": "just 0.15% of the revenue flowing to the"}, {"start": "00:14:15", "end": "00:14:20", "text": "base layer. Maxis call it strategic and"}, {"start": "00:14:18", "end": "00:14:22", "text": "you can tell DB's not a big fan of"}, {"start": "00:14:20", "end": "00:14:24", "text": "Ethereum. I can tell you why. Then he"}, {"start": "00:14:22", "end": "00:14:25", "text": "then he put out this little one. 5.7"}, {"start": "00:14:24", "end": "00:14:28", "text": "billion in tokenized stock volume last"}, {"start": "00:14:25", "end": "00:14:30", "text": "quarter. 96% of it was on Salana. I have"}, {"start": "00:14:28", "end": "00:14:33", "text": "to double check that the single quarter"}, {"start": "00:14:30", "end": "00:14:35", "text": "is seven times all of H2205."}, {"start": "00:14:33", "end": "00:14:37", "text": "Interesting. So for all these things"}, {"start": "00:14:35", "end": "00:14:39", "text": "that we talk about and it's good to"}, {"start": "00:14:37", "end": "00:14:43", "text": "know. I have to double check on that one"}, {"start": "00:14:39", "end": "00:14:46", "text": "DV. Not sure, but it's good to know and"}, {"start": "00:14:43", "end": "00:14:49", "text": "keep people's feet to the fire."}, {"start": "00:14:46", "end": "00:14:51", "text": "Yesterday, I talked about"}, {"start": "00:14:49", "end": "00:14:52", "text": "the price predictions. Actually, on"}, {"start": "00:14:51", "end": "00:14:53", "text": "Sunday, I should say, and then we"}, {"start": "00:14:52", "end": "00:14:55", "text": "followed up on Monday in price"}, {"start": "00:14:53", "end": "00:14:56", "text": "predictions. And when we were talking"}, {"start": "00:14:55", "end": "00:14:58", "text": "about price predictions, I said, you"}, {"start": "00:14:56", "end": "00:15:00", "text": "know, it' be a good idea. I said, it"}, {"start": "00:14:58", "end": "00:15:02", "text": "would be a good idea is to like, you"}, {"start": "00:15:00", "end": "00:15:05", "text": "know, just spin up a website"}, {"start": "00:15:02", "end": "00:15:06", "text": "and uh just pull in all the data from"}, {"start": "00:15:05", "end": "00:15:08", "text": "all the different uh price predictions"}, {"start": "00:15:06", "end": "00:15:10", "text": "because some are just awful. I mean,"}, {"start": "00:15:08", "end": "00:15:14", "text": "they're just they're just ridiculously"}, {"start": "00:15:10", "end": "00:15:16", "text": "awful and just overzealous. That's a"}, {"start": "00:15:14", "end": "00:15:18", "text": "good word."}, {"start": "00:15:16", "end": "00:15:20", "text": "And the problem I I said was you'll have"}, {"start": "00:15:18", "end": "00:15:22", "text": "like, you know, the Peter Schiff, the"}, {"start": "00:15:20", "end": "00:15:26", "text": "Dan Pays of the world saying it's going"}, {"start": "00:15:22", "end": "00:15:27", "text": "to zero. That's dumb."}, {"start": "00:15:26", "end": "00:15:29", "text": "And then you have the other the other"}, {"start": "00:15:27", "end": "00:15:32", "text": "part, you know, where you have like the"}, {"start": "00:15:29", "end": "00:15:32", "text": "Tom Lees and you have the Tim Drapers."}, {"start": "00:15:32", "end": "00:15:35", "text": "They're saying it's going to a"}, {"start": "00:15:32", "end": "00:15:38", "text": "bajillion."}, {"start": "00:15:35", "end": "00:15:40", "text": "That's not plausible. I don't think I"}, {"start": "00:15:38", "end": "00:15:42", "text": "mean maybe in I don't know how many"}, {"start": "00:15:40", "end": "00:15:44", "text": "hundreds of years or 50 years I don't"}, {"start": "00:15:42", "end": "00:15:45", "text": "know but I thought to myself what would"}, {"start": "00:15:44", "end": "00:15:47", "text": "be good is just is like to to keep"}, {"start": "00:15:45", "end": "00:15:51", "text": "everybody regimented and show people"}, {"start": "00:15:47", "end": "00:15:54", "text": "what the what their uh predictions were"}, {"start": "00:15:51", "end": "00:15:57", "text": "show predictions have the receipts and"}, {"start": "00:15:54", "end": "00:15:59", "text": "then go back to those people like what"}, {"start": "00:15:57", "end": "00:16:00", "text": "did you say here why did you say that"}, {"start": "00:15:59", "end": "00:16:02", "text": "doesn't make any sense you're"}, {"start": "00:16:00", "end": "00:16:04", "text": "speculating you're driving things it's a"}, {"start": "00:16:02", "end": "00:16:05", "text": "narrative"}, {"start": "00:16:04", "end": "00:16:08", "text": "I thought it was interesting so what I"}, {"start": "00:16:05", "end": "00:16:10", "text": "did Yesterday I told Claude to to make"}, {"start": "00:16:08", "end": "00:16:12", "text": "me a website and it did it for me."}, {"start": "00:16:10", "end": "00:16:13", "text": "Claude's great. If you want to find out"}, {"start": "00:16:12", "end": "00:16:15", "text": "more of how to use Claude and AI,"}, {"start": "00:16:13", "end": "00:16:18", "text": "there's a link to my second YouTube"}, {"start": "00:16:15", "end": "00:16:21", "text": "channel called Dne, but this is what it"}, {"start": "00:16:18", "end": "00:16:23", "text": "whipped up and I need your help."}, {"start": "00:16:21", "end": "00:16:25", "text": "It's not live yet. We're just going"}, {"start": "00:16:23", "end": "00:16:27", "text": "through the propagation from DNS for the"}, {"start": "00:16:25", "end": "00:16:29", "text": "domain, but it's going to be called"}, {"start": "00:16:27", "end": "00:16:31", "text": "price profits. Domain's already bought,"}, {"start": "00:16:29", "end": "00:16:33", "text": "so don't rug pull me. Sorry. Already got"}, {"start": "00:16:31", "end": "00:16:34", "text": "it from you. And what it's going to do,"}, {"start": "00:16:33", "end": "00:16:36", "text": "it's going to show you all the different"}, {"start": "00:16:34", "end": "00:16:39", "text": "people like uh the Peter Shifts of the"}, {"start": "00:16:36", "end": "00:16:40", "text": "world, Crypto Rover, Dr. Profit, which I"}, {"start": "00:16:39", "end": "00:16:43", "text": "think these guys are probably going to"}, {"start": "00:16:40", "end": "00:16:45", "text": "be pretty on point. And what it's going"}, {"start": "00:16:43", "end": "00:16:48", "text": "to take a look at is it's not going to"}, {"start": "00:16:45", "end": "00:16:52", "text": "go back to 2010. The cutoff is 2000"}, {"start": "00:16:48", "end": "00:16:55", "text": "January 1st, 2026 moving forward."}, {"start": "00:16:52", "end": "00:16:57", "text": "So if they have a prediction on say end"}, {"start": "00:16:55", "end": "00:16:59", "text": "of year 2026, like standard charter says"}, {"start": "00:16:57", "end": "00:17:02", "text": "100,000, I don't think that's happening."}, {"start": "00:16:59", "end": "00:17:04", "text": "Uh Arthur Hayes says 125,000 December"}, {"start": "00:17:02", "end": "00:17:07", "text": "226. I doubt that's happening. And look"}, {"start": "00:17:04", "end": "00:17:09", "text": "at this guy. Rob Wolf here says he"}, {"start": "00:17:07", "end": "00:17:11", "text": "thinks that Bitcoin will go to 150,000"}, {"start": "00:17:09", "end": "00:17:14", "text": "170,000. Oh yeah, I'll put myself on"}, {"start": "00:17:11", "end": "00:17:17", "text": "this on this site."}, {"start": "00:17:14", "end": "00:17:20", "text": "I'm I'm hopefully wrong and I'll go"}, {"start": "00:17:17", "end": "00:17:22", "text": "through Kiosaki and Draper and Tom and a"}, {"start": "00:17:20", "end": "00:17:24", "text": "whole host of different people. And what"}, {"start": "00:17:22", "end": "00:17:25", "text": "I need help from you is and first of"}, {"start": "00:17:24", "end": "00:17:27", "text": "all, if you want to see like what's the"}, {"start": "00:17:25", "end": "00:17:29", "text": "call, you know, where do you where do"}, {"start": "00:17:27", "end": "00:17:33", "text": "you get that? like you just let's see"}, {"start": "00:17:29", "end": "00:17:36", "text": "what is Arthur Hayes what is this"}, {"start": "00:17:33", "end": "00:17:40", "text": "so it'll reference you to the actual"}, {"start": "00:17:36", "end": "00:17:42", "text": "website where it is quoted or like for"}, {"start": "00:17:40", "end": "00:17:48", "text": "me I think it'll yeah it'll go right to"}, {"start": "00:17:42", "end": "00:17:49", "text": "the YouTube video and yeah there it is"}, {"start": "00:17:48", "end": "00:17:52", "text": "and whatever else is Michael Sailor 1"}, {"start": "00:17:49", "end": "00:17:55", "text": "million Kathy Wood 710 by 2030 that"}, {"start": "00:17:52", "end": "00:17:57", "text": "might actually happen who knows but"}, {"start": "00:17:55", "end": "00:18:00", "text": "if you want to help out click on this"}, {"start": "00:17:57", "end": "00:18:01", "text": "submit the call, who made the call. I"}, {"start": "00:18:00", "end": "00:18:04", "text": "don't care who it is. Just put it in"}, {"start": "00:18:01", "end": "00:18:06", "text": "there. What's the platform? You got to"}, {"start": "00:18:04", "end": "00:18:07", "text": "give me like the link, what's the"}, {"start": "00:18:06", "end": "00:18:09", "text": "direction, the call type, what's the"}, {"start": "00:18:07", "end": "00:18:10", "text": "target price, the deadline, and the big"}, {"start": "00:18:09", "end": "00:18:12", "text": "thing is the source. If you don't give"}, {"start": "00:18:10", "end": "00:18:15", "text": "me the source, you can't submit it for"}, {"start": "00:18:12", "end": "00:18:17", "text": "review. But I want everybody to be on"}, {"start": "00:18:15", "end": "00:18:19", "text": "this. So later on when they say, \"I"}, {"start": "00:18:17", "end": "00:18:21", "text": "didn't say that.\" Like, \"Oh, really?\""}, {"start": "00:18:19", "end": "00:18:22", "text": "And before they say, if they they say,"}, {"start": "00:18:21", "end": "00:18:24", "text": "\"Oh, I'm just going to delete my post.\""}, {"start": "00:18:22", "end": "00:18:26", "text": "Well, guess what? It's going to be on"}, {"start": "00:18:24", "end": "00:18:27", "text": "Wayback Time Machine. every single"}, {"start": "00:18:26", "end": "00:18:29", "text": "different one of their price"}, {"start": "00:18:27", "end": "00:18:32", "text": "predictions. I'm going to save every"}, {"start": "00:18:29", "end": "00:18:34", "text": "single one. And that's it for today. So,"}, {"start": "00:18:32", "end": "00:18:35", "text": "look, if you like today's video, give it"}, {"start": "00:18:34", "end": "00:18:37", "text": "a thumbs up. Consider subscribing. Every"}, {"start": "00:18:35", "end": "00:18:40", "text": "talk about is timesensitive. Now, let's"}, {"start": "00:18:37", "end": "00:18:42", "text": "get into uh my favorite part of the show"}, {"start": "00:18:40", "end": "00:18:45", "text": "where we do the little Q&A. And that's"}, {"start": "00:18:42", "end": "00:18:49", "text": "it. So, you got to take off, take off."}, {"start": "00:18:45", "end": "00:18:52", "text": "Let's get into the Q&A."}, {"start": "00:18:49", "end": "00:18:55", "text": "Plato. Solana is an anagram for a last"}, {"start": "00:18:52", "end": "00:18:57", "text": "no says it all really. Some people hate"}, {"start": "00:18:55", "end": "00:19:00", "text": "Salana, hate them. Some people hate"}, {"start": "00:18:57", "end": "00:19:01", "text": "Ethereum. Some people hate Dogecoin,"}, {"start": "00:19:00", "end": "00:19:03", "text": "which I don't understand why anybody"}, {"start": "00:19:01", "end": "00:19:05", "text": "would hate Dogecoin. It's It's"}, {"start": "00:19:03", "end": "00:19:07", "text": "worthless."}, {"start": "00:19:05", "end": "00:19:10", "text": "It's got a great community, though, Rob."}, {"start": "00:19:07", "end": "00:19:14", "text": "That's true."}, {"start": "00:19:10", "end": "00:19:17", "text": "What is not to like about today's video?"}, {"start": "00:19:14", "end": "00:19:21", "text": "H my horrible Trump impression. Maybe"}, {"start": "00:19:17", "end": "00:19:24", "text": "maybe people like that. Uh maybe holding"}, {"start": "00:19:21", "end": "00:19:26", "text": "people's feet to the fire."}, {"start": "00:19:24", "end": "00:19:28", "text": "Maybe the cadence of what we were"}, {"start": "00:19:26", "end": "00:19:30", "text": "talking about. I'm not for sure. Who"}, {"start": "00:19:28", "end": "00:19:33", "text": "knows? Leisure says, \"Rob, you buying"}, {"start": "00:19:30", "end": "00:19:34", "text": "SpaceX?\" Yeah, I'll buy it, but uh I"}, {"start": "00:19:33", "end": "00:19:37", "text": "need to wait a little bit. I need to"}, {"start": "00:19:34", "end": "00:19:39", "text": "wait for that unlock. If you've ever"}, {"start": "00:19:37", "end": "00:19:40", "text": "been been a part of ICOs, you know what"}, {"start": "00:19:39", "end": "00:19:44", "text": "I'm talking about. Or you've ever been a"}, {"start": "00:19:40", "end": "00:19:47", "text": "part of IPOs, which I'm really not that"}, {"start": "00:19:44", "end": "00:19:48", "text": "prolific as an investor to get into a"}, {"start": "00:19:47", "end": "00:19:50", "text": "bunch of IPOs. I just never did. I did a"}, {"start": "00:19:48", "end": "00:19:51", "text": "bunch of ICOs, which is fun. But one of"}, {"start": "00:19:50", "end": "00:19:54", "text": "the things I learned was the unlock"}, {"start": "00:19:51", "end": "00:19:57", "text": "period. And because of the unlock"}, {"start": "00:19:54", "end": "00:19:58", "text": "period, uh, we know that there is"}, {"start": "00:19:57", "end": "00:20:01", "text": "roughly, I want to say 30% of the"}, {"start": "00:19:58", "end": "00:20:02", "text": "original private investors that are"}, {"start": "00:20:01", "end": "00:20:04", "text": "going to be released on, correct me in"}, {"start": "00:20:02", "end": "00:20:07", "text": "the comments, August 5th, some of I"}, {"start": "00:20:04", "end": "00:20:09", "text": "think it's the first week of August. And"}, {"start": "00:20:07", "end": "00:20:10", "text": "they're able to unlock even more if"}, {"start": "00:20:09", "end": "00:20:13", "text": "there was a certain price threshold,"}, {"start": "00:20:10", "end": "00:20:15", "text": "which I believe they hit. So, I'm going"}, {"start": "00:20:13", "end": "00:20:17", "text": "to wait for the private investors who"}, {"start": "00:20:15", "end": "00:20:20", "text": "are probably up pretty big and they're"}, {"start": "00:20:17", "end": "00:20:22", "text": "going to slowly, you know, sell off"}, {"start": "00:20:20", "end": "00:20:24", "text": "because if they're smart, they're not"}, {"start": "00:20:22", "end": "00:20:26", "text": "going to dump everything. Some will, but"}, {"start": "00:20:24", "end": "00:20:28", "text": "uh the other ones will just slowly drip"}, {"start": "00:20:26", "end": "00:20:30", "text": "into it, you know, kind of like what XRP"}, {"start": "00:20:28", "end": "00:20:33", "text": "does. Hey, I'm just kidding, but not"}, {"start": "00:20:30", "end": "00:20:36", "text": "really. And uh they'll just slowly drip"}, {"start": "00:20:33", "end": "00:20:37", "text": "it in over months and months and years."}, {"start": "00:20:36", "end": "00:20:40", "text": "So, I'm just gonna wait a little bit,"}, {"start": "00:20:37", "end": "00:20:42", "text": "but I do believe in it. And Jerry's"}, {"start": "00:20:40", "end": "00:20:44", "text": "Jerry from Costa Rica has got a good uh"}, {"start": "00:20:42", "end": "00:20:46", "text": "thesis which he's like he's just gonna"}, {"start": "00:20:44", "end": "00:20:49", "text": "invest in a Tesla which has been kind of"}, {"start": "00:20:46", "end": "00:20:50", "text": "flat if you look at it. Um because he"}, {"start": "00:20:49", "end": "00:20:52", "text": "thinks everything's going to go"}, {"start": "00:20:50", "end": "00:20:55", "text": "underneath that umbrella. I'm like yeah"}, {"start": "00:20:52", "end": "00:20:59", "text": "that's pretty good. My big thing is uh I"}, {"start": "00:20:55", "end": "00:21:02", "text": "like Tesla. I like uh"}, {"start": "00:20:59", "end": "00:21:04", "text": "what is it one? Net which is Cloudflare"}, {"start": "00:21:02", "end": "00:21:06", "text": "for AI. And another one I like is"}, {"start": "00:21:04", "end": "00:21:09", "text": "Google. you know, Google did a 2x this"}, {"start": "00:21:06", "end": "00:21:11", "text": "year or in the last 365 days. I think"}, {"start": "00:21:09", "end": "00:21:15", "text": "it's because they're really starting to"}, {"start": "00:21:11", "end": "00:21:17", "text": "catch up on the AI narrative. And um if"}, {"start": "00:21:15", "end": "00:21:19", "text": "you guys have time,"}, {"start": "00:21:17", "end": "00:21:21", "text": "I would recommend you watch this video."}, {"start": "00:21:19", "end": "00:21:22", "text": "I was going to play it today, but I ran"}, {"start": "00:21:21", "end": "00:21:25", "text": "out of time to talk about it anyway"}, {"start": "00:21:22", "end": "00:21:28", "text": "tomorrow. But they had Shimath Palataya"}, {"start": "00:21:25", "end": "00:21:31", "text": "with uh my man Joe Kern. I like that"}, {"start": "00:21:28", "end": "00:21:33", "text": "guy. That guy's great. And uh they were"}, {"start": "00:21:31", "end": "00:21:35", "text": "on CNBC."}, {"start": "00:21:33", "end": "00:21:36", "text": "Shimoth looks a little drunk here, but"}, {"start": "00:21:35", "end": "00:21:39", "text": "he's not. He's just stopped in a very"}, {"start": "00:21:36", "end": "00:21:42", "text": "odd place. And what he talked about was"}, {"start": "00:21:39", "end": "00:21:44", "text": "the very first like couple of minutes he"}, {"start": "00:21:42", "end": "00:21:46", "text": "talked about AI and how he said, \"Okay,"}, {"start": "00:21:44", "end": "00:21:51", "text": "look,\" he had a he gave a great example."}, {"start": "00:21:46", "end": "00:21:54", "text": "If AI compute is like oil and oil costs,"}, {"start": "00:21:51", "end": "00:21:56", "text": "let's say, you know, 80 bucks. He goes,"}, {"start": "00:21:54", "end": "00:21:58", "text": "\"Annthropic is selling it to you for 50"}, {"start": "00:21:56", "end": "00:22:01", "text": "bucks. Open AAI is selling it to you for"}, {"start": "00:21:58", "end": "00:22:04", "text": "45 bucks.\" He goes, \"Elon Musk is coming"}, {"start": "00:22:01", "end": "00:22:06", "text": "at you with a buck 50. Google and Gemini"}, {"start": "00:22:04", "end": "00:22:07", "text": "are coming at you with a dollar and"}, {"start": "00:22:06", "end": "00:22:09", "text": "China and Deepseek are coming at you"}, {"start": "00:22:07", "end": "00:22:11", "text": "with a quarter.\" He goes, \"At some point"}, {"start": "00:22:09", "end": "00:22:13", "text": "those prices are going to catch up.\" He"}, {"start": "00:22:11", "end": "00:22:14", "text": "goes, \"And the people that understand it"}, {"start": "00:22:13", "end": "00:22:16", "text": "are going to go to the other ones and"}, {"start": "00:22:14", "end": "00:22:17", "text": "go, why am I paying so much money over"}, {"start": "00:22:16", "end": "00:22:19", "text": "here for this?\" And it made a lot of"}, {"start": "00:22:17", "end": "00:22:21", "text": "sense. A lot of sense. And I can see now"}, {"start": "00:22:19", "end": "00:22:25", "text": "why."}, {"start": "00:22:21", "end": "00:22:25", "text": "Let's see here."}, {"start": "00:22:26", "end": "00:22:29", "text": "Alphabet"}, {"start": "00:22:32", "end": "00:22:38", "text": "by Google"}, {"start": "00:22:34", "end": "00:22:41", "text": "is up almost 100% over a year. And"}, {"start": "00:22:38", "end": "00:22:42", "text": "again, watch that video I did over on"}, {"start": "00:22:41", "end": "00:22:44", "text": "Dne and I talked about how Google is"}, {"start": "00:22:42", "end": "00:22:45", "text": "catching up with AI and what they're"}, {"start": "00:22:44", "end": "00:22:47", "text": "doing and they have everything in place,"}, {"start": "00:22:45", "end": "00:22:51", "text": "but it's just a thesis and I could be"}, {"start": "00:22:47", "end": "00:22:54", "text": "wrong. I'm wrong a lot."}, {"start": "00:22:51", "end": "00:22:54", "text": "Yeah. [sighs]"}, {"start": "00:22:54", "end": "00:22:58", "text": "[laughter]"}, {"start": "00:22:56", "end": "00:23:00", "text": "There is no company in the world like"}, {"start": "00:22:58", "end": "00:23:02", "text": "Tesla. There's nobody in the world like"}, {"start": "00:23:00", "end": "00:23:05", "text": "uh Elon. I'll tell you that. Although he"}, {"start": "00:23:02", "end": "00:23:07", "text": "is down like half a trillion dollars. So"}, {"start": "00:23:05", "end": "00:23:09", "text": "I started a GoFundMe."}, {"start": "00:23:07", "end": "00:23:11", "text": "And if you could just spare five bucks"}, {"start": "00:23:09", "end": "00:23:13", "text": "to the poor billionaires that is Elon"}, {"start": "00:23:11", "end": "00:23:16", "text": "Musk, that might help greatly."}, {"start": "00:23:13", "end": "00:23:16", "text": "GoFundMe.jk"}, {"start": "00:23:18", "end": "00:23:25", "text": "Musk. I have a Y. Oh, you know, I just"}, {"start": "00:23:23", "end": "00:23:27", "text": "can't get rid of my uh"}, {"start": "00:23:25", "end": "00:23:29", "text": "Well, I got rid of my Dodge Grand"}, {"start": "00:23:27", "end": "00:23:32", "text": "Caravan or excuse me, man, my Dodge"}, {"start": "00:23:29", "end": "00:23:33", "text": "Caravan. It was a mini It was a uh"}, {"start": "00:23:32", "end": "00:23:36", "text": "minivan. And I got to tell you, as you"}, {"start": "00:23:33", "end": "00:23:39", "text": "get older,"}, {"start": "00:23:36", "end": "00:23:40", "text": "nothing better than good gas mileage"}, {"start": "00:23:39", "end": "00:23:43", "text": "with a lot of space. I know what you're"}, {"start": "00:23:40", "end": "00:23:44", "text": "thinking, and it's true. It is pretty"}, {"start": "00:23:43", "end": "00:23:46", "text": "awesome on the minivan, but no, we had"}, {"start": "00:23:44", "end": "00:23:48", "text": "to get rid of it. Still have my Dodge"}, {"start": "00:23:46", "end": "00:23:49", "text": "Ram truck, and everything's fine. But,"}, {"start": "00:23:48", "end": "00:23:51", "text": "you know, I'm in Texas now, so I got to"}, {"start": "00:23:49", "end": "00:23:54", "text": "have that."}, {"start": "00:23:51", "end": "00:23:56", "text": "I'm vacationing in El Paso, Texas."}, {"start": "00:23:54", "end": "00:23:59", "text": "Thankfully, I go back to uh Puerto Rico"}, {"start": "00:23:56", "end": "00:24:04", "text": "in like three weeks."}, {"start": "00:23:59", "end": "00:24:05", "text": "Get to go home, which is nice."}, {"start": "00:24:04", "end": "00:24:07", "text": "[laughter]"}, {"start": "00:24:05", "end": "00:24:11", "text": "Yeah, thanks, Robin. Claude and Cutie,"}, {"start": "00:24:07", "end": "00:24:11", "text": "let's see."}, {"start": "00:24:11", "end": "00:24:18", "text": "There she is right there."}, {"start": "00:24:14", "end": "00:24:20", "text": "Not good at this. Ah, there she is."}, {"start": "00:24:18", "end": "00:24:23", "text": "This is"}, {"start": "00:24:20", "end": "00:24:26", "text": "straight up laziness right there."}, {"start": "00:24:23", "end": "00:24:29", "text": "You gotta love it."}, {"start": "00:24:26", "end": "00:24:29", "text": "Let's see."}, {"start": "00:24:29", "end": "00:24:35", "text": "Thankfully, somebody appreciates a"}, {"start": "00:24:32", "end": "00:24:38", "text": "horrible Trump impression. Thank you."}, {"start": "00:24:35", "end": "00:24:40", "text": "Uh,"}, {"start": "00:24:38", "end": "00:24:45", "text": "go back a nice videos."}, {"start": "00:24:40", "end": "00:24:45", "text": "Tesla's trash, says I'm on"}, {"start": "00:24:45", "end": "00:24:49", "text": "I've driven one. I've driven one once."}, {"start": "00:24:47", "end": "00:24:53", "text": "That's about it. I know James is always"}, {"start": "00:24:49", "end": "00:24:55", "text": "talking about his Tesla truck. Loves it."}, {"start": "00:24:53", "end": "00:24:57", "text": "You forgot to say just ask my wife after"}, {"start": "00:24:55", "end": "00:25:00", "text": "I'm wrong. That's true. I think"}, {"start": "00:24:57", "end": "00:25:01", "text": "everybody knows that. I gotta remember"}, {"start": "00:25:00", "end": "00:25:03", "text": "that one."}, {"start": "00:25:01", "end": "00:25:05", "text": "[laughter]"}, {"start": "00:25:03", "end": "00:25:07", "text": "Stole my line."}, {"start": "00:25:05", "end": "00:25:09", "text": "AI related stocks. A related stocks are"}, {"start": "00:25:07", "end": "00:25:11", "text": "up so much the massive values increase"}, {"start": "00:25:09", "end": "00:25:13", "text": "21 for many tech companies. Javier's got"}, {"start": "00:25:11", "end": "00:25:14", "text": "a great point and I think we've been"}, {"start": "00:25:13", "end": "00:25:16", "text": "talking a lot of people talking about"}, {"start": "00:25:14", "end": "00:25:18", "text": "this in this AI bubble. it's going to"}, {"start": "00:25:16", "end": "00:25:22", "text": "pop at any time. People could be right,"}, {"start": "00:25:18", "end": "00:25:26", "text": "but uh man, has it been a massive win"}, {"start": "00:25:22", "end": "00:25:28", "text": "for a lot of different people. So, yes,"}, {"start": "00:25:26", "end": "00:25:32", "text": "the question is when to get out. Again,"}, {"start": "00:25:28", "end": "00:25:33", "text": "it's speculation and hype and narrative."}, {"start": "00:25:32", "end": "00:25:35", "text": "You know, just look at what DB was"}, {"start": "00:25:33", "end": "00:25:37", "text": "talking about. It was true."}, {"start": "00:25:35", "end": "00:25:39", "text": "Nap time"}, {"start": "00:25:37", "end": "00:25:41", "text": "as hell in Savannah. It's the same thing"}, {"start": "00:25:39", "end": "00:25:43", "text": "here in El Paso, like 101 today. That"}, {"start": "00:25:41", "end": "00:25:44", "text": "dog is always in the same That dog"}, {"start": "00:25:43", "end": "00:25:46", "text": "always is in the same spot. doesn't do"}, {"start": "00:25:44", "end": "00:25:49", "text": "anything. You know what's great about"}, {"start": "00:25:46", "end": "00:25:51", "text": "dogs though? Never rugpull you. I've met"}, {"start": "00:25:49", "end": "00:25:53", "text": "a lot of people screwed me over in"}, {"start": "00:25:51", "end": "00:25:56", "text": "loans, business deals, rug pulls, you"}, {"start": "00:25:53", "end": "00:25:58", "text": "name it. Dogs never. That's why I'll"}, {"start": "00:25:56", "end": "00:26:01", "text": "ever always trust a dog over a person."}, {"start": "00:25:58", "end": "00:26:03", "text": "It's true. Trainer, it's a good"}, {"start": "00:26:01", "end": "00:26:04", "text": "question. How Starlink internet? So,"}, {"start": "00:26:03", "end": "00:26:06", "text": "Starlink, as you can tell, remember we"}, {"start": "00:26:04", "end": "00:26:08", "text": "were having issues with glitchiness and"}, {"start": "00:26:06", "end": "00:26:11", "text": "things like that. I believe it was the"}, {"start": "00:26:08", "end": "00:26:13", "text": "browser, but the second offender was was"}, {"start": "00:26:11", "end": "00:26:16", "text": "my internet connection. And we got"}, {"start": "00:26:13", "end": "00:26:18", "text": "Starlink, gosh, I don't know, two, three"}, {"start": "00:26:16", "end": "00:26:20", "text": "months ago, it's been fantastic. If"}, {"start": "00:26:18", "end": "00:26:22", "text": "you're looking to change your internet"}, {"start": "00:26:20", "end": "00:26:24", "text": "service,"}, {"start": "00:26:22", "end": "00:26:29", "text": "here's another thing. If you invest in"}, {"start": "00:26:24", "end": "00:26:32", "text": "Tesla, if you invested in XAI or SpaceX,"}, {"start": "00:26:29", "end": "00:26:35", "text": "if you invested in any type of Elon Musk"}, {"start": "00:26:32", "end": "00:26:37", "text": "type of company, you probably would want"}, {"start": "00:26:35", "end": "00:26:40", "text": "to put that money into the other"}, {"start": "00:26:37", "end": "00:26:42", "text": "companies that Elon Musk has, and that"}, {"start": "00:26:40", "end": "00:26:43", "text": "would probably help out. And not just"}, {"start": "00:26:42", "end": "00:26:46", "text": "I'm just saying might probably help out"}, {"start": "00:26:43", "end": "00:26:48", "text": "the uh the SpaceX stock and when they"}, {"start": "00:26:46", "end": "00:26:50", "text": "merge into Tesla. I would think about"}, {"start": "00:26:48", "end": "00:26:52", "text": "putting your money where your mouth is"}, {"start": "00:26:50", "end": "00:26:54", "text": "and getting Starlink. Now, if you want a"}, {"start": "00:26:52", "end": "00:26:57", "text": "discount for that,"}, {"start": "00:26:54", "end": "00:26:58", "text": "there's a link in the description. And I"}, {"start": "00:26:57", "end": "00:27:00", "text": "don't know what it is because I did that"}, {"start": "00:26:58", "end": "00:27:01", "text": "like a couple months ago, but there's a"}, {"start": "00:27:00", "end": "00:27:03", "text": "discount for Starlink. I'm telling you,"}, {"start": "00:27:01", "end": "00:27:05", "text": "it's great. The people that come in and"}, {"start": "00:27:03", "end": "00:27:07", "text": "they install it, it's usually"}, {"start": "00:27:05", "end": "00:27:09", "text": "independent contractors, really good,"}, {"start": "00:27:07", "end": "00:27:11", "text": "the ones that I had. And uh just give it"}, {"start": "00:27:09", "end": "00:27:12", "text": "a whirl. I think they got like a, you"}, {"start": "00:27:11", "end": "00:27:14", "text": "know, there's like a certain time frame"}, {"start": "00:27:12", "end": "00:27:17", "text": "you can return it. So, check that out."}, {"start": "00:27:14", "end": "00:27:19", "text": "And then also, I need to talk to them"}, {"start": "00:27:17", "end": "00:27:22", "text": "about a sponsorship."}, {"start": "00:27:19", "end": "00:27:25", "text": "It's either them or KCoin. One of those"}, {"start": "00:27:22", "end": "00:27:27", "text": "two has to be a sponsor. Just kidding."}, {"start": "00:27:25", "end": "00:27:29", "text": "KCoin is trash."}, {"start": "00:27:27", "end": "00:27:31", "text": "But I gota I gotta reach out to them,"}, {"start": "00:27:29", "end": "00:27:33", "text": "that's for sure."}, {"start": "00:27:31", "end": "00:27:36", "text": "James has had seven years of pure joy"}, {"start": "00:27:33", "end": "00:27:40", "text": "from his Tesla. I believe it. Dad,"}, {"start": "00:27:36", "end": "00:27:40", "text": "doggies. doggies"}, {"start": "00:27:42", "end": "00:27:47", "text": "and LOL fella."}, {"start": "00:27:44", "end": "00:27:49", "text": "Dogs are great. Ah, there we go. I have"}, {"start": "00:27:47", "end": "00:27:50", "text": "Starlink and love it. I think what I'm"}, {"start": "00:27:49", "end": "00:27:52", "text": "going to have to do is I'm going to have"}, {"start": "00:27:50", "end": "00:27:56", "text": "to change out the internet connection on"}, {"start": "00:27:52", "end": "00:27:58", "text": "our Puerto Rico properties for Starlink"}, {"start": "00:27:56", "end": "00:28:00", "text": "for sure."}, {"start": "00:27:58", "end": "00:28:05", "text": "Yeah, cut the live show. See you, Mary."}, {"start": "00:28:00", "end": "00:28:05", "text": "Men mobile. Always another good one."}, {"start": "00:28:05", "end": "00:28:08", "text": "Toaster says, uh, I know what you"}, {"start": "00:28:07", "end": "00:28:12", "text": "believe in Bitcoin. What about a micro"}, {"start": "00:28:08", "end": "00:28:14", "text": "strategy? I don't have any of it. I wish"}, {"start": "00:28:12", "end": "00:28:18", "text": "Sailor the best because it's good for"}, {"start": "00:28:14", "end": "00:28:20", "text": "all our bags. And, uh, I'm not a big big"}, {"start": "00:28:18", "end": "00:28:23", "text": "thing of it, but I will tell you this"}, {"start": "00:28:20", "end": "00:28:26", "text": "argument between um, the core devs for"}, {"start": "00:28:23", "end": "00:28:30", "text": "Bitcoin, this BIP 110, when I was"}, {"start": "00:28:26", "end": "00:28:33", "text": "listening to Bitcoin University from"}, {"start": "00:28:30", "end": "00:28:36", "text": "Matthew Crder, that's how he always does"}, {"start": "00:28:33", "end": "00:28:39", "text": "his intro. It was interesting to take a"}, {"start": "00:28:36", "end": "00:28:42", "text": "look at especially for you know this BIP"}, {"start": "00:28:39", "end": "00:28:45", "text": "110 which wants to which seeks to"}, {"start": "00:28:42", "end": "00:28:47", "text": "eliminate or decrease the amount of"}, {"start": "00:28:45", "end": "00:28:49", "text": "bloat that is available on the Bitcoin"}, {"start": "00:28:47", "end": "00:28:52", "text": "blockchain. I didn't know this but I"}, {"start": "00:28:49", "end": "00:28:56", "text": "want to say it was it has blown up over"}, {"start": "00:28:52", "end": "00:29:00", "text": "the last five years from 340 gigabyte no"}, {"start": "00:28:56", "end": "00:29:02", "text": "I think it's 420 gigabytes to 720"}, {"start": "00:29:00", "end": "00:29:04", "text": "gigabytes to download the whole"}, {"start": "00:29:02", "end": "00:29:05", "text": "blockchain. correct me in the comments"}, {"start": "00:29:04", "end": "00:29:09", "text": "section. I guess that's what it is. And"}, {"start": "00:29:05", "end": "00:29:14", "text": "one of the reasons for that is the spam,"}, {"start": "00:29:09", "end": "00:29:17", "text": "the uh ordinals and the other aspects of"}, {"start": "00:29:14", "end": "00:29:22", "text": "it uh that are like you know NFT type of"}, {"start": "00:29:17", "end": "00:29:24", "text": "plays that that live on um the"}, {"start": "00:29:22", "end": "00:29:28", "text": "blockchain and also because of that"}, {"start": "00:29:24", "end": "00:29:31", "text": "there are also illicit material that is"}, {"start": "00:29:28", "end": "00:29:32", "text": "embedded within the Bitcoin blockchain."}, {"start": "00:29:31", "end": "00:29:34", "text": "So, there's two different arguments for"}, {"start": "00:29:32", "end": "00:29:35", "text": "this. One is, well, it's decentralized"}, {"start": "00:29:34", "end": "00:29:37", "text": "and you can you can't tell us what to do"}, {"start": "00:29:35", "end": "00:29:38", "text": "and that's pretty much what it is. You"}, {"start": "00:29:37", "end": "00:29:40", "text": "increase the block size so we can put"}, {"start": "00:29:38", "end": "00:29:42", "text": "anything we want onto it and that's"}, {"start": "00:29:40", "end": "00:29:45", "text": "pretty much it because that's that's"}, {"start": "00:29:42", "end": "00:29:46", "text": "Bitcoin. I got it. The second part is,"}, {"start": "00:29:45", "end": "00:29:48", "text": "well, you're making everything bloated"}, {"start": "00:29:46", "end": "00:29:50", "text": "and slowing everything down. We don't"}, {"start": "00:29:48", "end": "00:29:51", "text": "need that. That wasn't what Bitcoin was"}, {"start": "00:29:50", "end": "00:29:53", "text": "originally designed to do. It's Satoshi"}, {"start": "00:29:51", "end": "00:29:54", "text": "Nakamoto in the white paper. It was"}, {"start": "00:29:53", "end": "00:29:56", "text": "supposed to be peer-to-peer"}, {"start": "00:29:54", "end": "00:29:58", "text": "transactions. We had no idea what the"}, {"start": "00:29:56", "end": "00:30:00", "text": "heck memes were or ordinals and things"}, {"start": "00:29:58", "end": "00:30:03", "text": "like that. we shouldn't even have it on"}, {"start": "00:30:00", "end": "00:30:05", "text": "there. And people will say, \"Yeah, but"}, {"start": "00:30:03", "end": "00:30:08", "text": "when we discovered iron ore in the early"}, {"start": "00:30:05", "end": "00:30:09", "text": "advent of man, we never understood that"}, {"start": "00:30:08", "end": "00:30:12", "text": "we'd actually use that and make"}, {"start": "00:30:09", "end": "00:30:14", "text": "skyscrapers out of it.\" So, technology"}, {"start": "00:30:12", "end": "00:30:16", "text": "will change. I get all that. I"}, {"start": "00:30:14", "end": "00:30:18", "text": "personally don't like the bloat. I don't"}, {"start": "00:30:16", "end": "00:30:22", "text": "like the material that's on there. I"}, {"start": "00:30:18", "end": "00:30:25", "text": "don't think we need ordinals. Shoot me."}, {"start": "00:30:22", "end": "00:30:28", "text": "And uh I'd go the other way. So, that"}, {"start": "00:30:25", "end": "00:30:29", "text": "was a long answer. Toaster, good"}, {"start": "00:30:28", "end": "00:30:32", "text": "question."}, {"start": "00:30:29", "end": "00:30:35", "text": "memes. Ah, yeah. Master Blaster says,"}, {"start": "00:30:32", "end": "00:30:36", "text": "\"Hermes agent plus super Grock equals"}, {"start": "00:30:35", "end": "00:30:38", "text": "devastating crypto research tool.\""}, {"start": "00:30:36", "end": "00:30:41", "text": "Master Blaster is correct. I started off"}, {"start": "00:30:38", "end": "00:30:44", "text": "with Open Claw. Nothing but problems,"}, {"start": "00:30:41", "end": "00:30:45", "text": "but Hermes, it must have gotten a lot"}, {"start": "00:30:44", "end": "00:30:47", "text": "better when I used it. Was I didn't"}, {"start": "00:30:45", "end": "00:30:49", "text": "really like it too much. I just use Open"}, {"start": "00:30:47", "end": "00:30:52", "text": "Claw because I'm a normie and I mean,"}, {"start": "00:30:49", "end": "00:30:56", "text": "excuse me, uh, Claude and it works out"}, {"start": "00:30:52", "end": "00:30:56", "text": "much better for me."}, {"start": "00:30:58", "end": "00:31:04", "text": "and hedge fund managers. That's it."}, {"start": "00:31:01", "end": "00:31:07", "text": "Adios everybody"}, {"start": "00:31:04", "end": "00:31:09", "text": "and"}, {"start": "00:31:07", "end": "00:31:11", "text": "don't care for Elon but I bought SpaceX."}, {"start": "00:31:09", "end": "00:31:12", "text": "Nothing wrong with that. Stacking SATS"}, {"start": "00:31:11", "end": "00:31:16", "text": "if you're driving a Tesla, you're doing"}, {"start": "00:31:12", "end": "00:31:18", "text": "it wrong. Run knots exactly three years"}, {"start": "00:31:16", "end": "00:31:21", "text": "no driving of course you make better"}, {"start": "00:31:18", "end": "00:31:23", "text": "filters. I hate images and spam bitcoin."}, {"start": "00:31:21", "end": "00:31:25", "text": "Me too. All right, there's a lot of"}, {"start": "00:31:23", "end": "00:31:29", "text": "stuff to cover. Everybody, thanks so"}, {"start": "00:31:25", "end": "00:31:30", "text": "much for stopping by and again um"}, {"start": "00:31:29", "end": "00:31:33", "text": "the"}, {"start": "00:31:30", "end": "00:31:33", "text": "website"}, {"start": "00:31:33", "end": "00:31:40", "text": "will be available today tonight some"}, {"start": "00:31:37", "end": "00:31:41", "text": "point. I'll let you guys know the um the"}, {"start": "00:31:40", "end": "00:31:44", "text": "address later, but I do need everybody's"}, {"start": "00:31:41", "end": "00:31:46", "text": "help to submit calls and fill this stuff"}, {"start": "00:31:44", "end": "00:31:48", "text": "out. But it is going to be interesting"}, {"start": "00:31:46", "end": "00:31:50", "text": "to see who's right. Maybe this guy will"}, {"start": "00:31:48", "end": "00:31:52", "text": "be right."}, {"start": "00:31:50", "end": "00:31:54", "text": "Maybe Arthur Hayes will be right. Maybe"}, {"start": "00:31:52", "end": "00:31:56", "text": "Bitwise will be right. Maybe Tim Draper."}, {"start": "00:31:54", "end": "00:31:59", "text": "No, he's not gonna be right. Maybe"}, {"start": "00:31:56", "end": "00:32:01", "text": "Robert. We'll see. We will see. That's"}, {"start": "00:31:59", "end": "00:32:05", "text": "it for today, everybody. Thanks so much."}, {"start": "00:32:01", "end": "00:32:05", "text": "See you on the next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The VP, the vice chair of Coinbase, as"}, {"start": "00:00:03", "end": "00:00:06", "text": "he came on Fox Business and talks about"}, {"start": "00:00:04", "end": "00:00:08", "text": "the Clarity Act. Now, I have not been"}, {"start": "00:00:06", "end": "00:00:10", "text": "too bullish on the Clarity Act. Of"}, {"start": "00:00:08", "end": "00:00:13", "text": "course, when this when the whole"}, {"start": "00:00:10", "end": "00:00:16", "text": "proposal came and went in in gosh, just"}, {"start": "00:00:13", "end": "00:00:17", "text": "this last week, there was supposed to be"}, {"start": "00:00:16", "end": "00:00:19", "text": "it passing. It's supposed to be pretty"}, {"start": "00:00:17", "end": "00:00:21", "text": "good. Now, it gets pushed to August, but"}, {"start": "00:00:19", "end": "00:00:22", "text": "maybe I'm being too harsh. So, I'm going"}, {"start": "00:00:21", "end": "00:00:24", "text": "to open up my mind a little bit and hear"}, {"start": "00:00:22", "end": "00:00:26", "text": "what the vice chair of Coinbase has to"}, {"start": "00:00:24", "end": "00:00:28", "text": "say. Take a listen to this."}, {"start": "00:00:26", "end": "00:00:30", "text": ">> regulation for the space. And I can tell"}, {"start": "00:00:28", "end": "00:00:33", "text": "you firsthand as a former senior"}, {"start": "00:00:30", "end": "00:00:35", "text": "regulator at the SEC, we believe and we"}, {"start": "00:00:33", "end": "00:00:38", "text": "embrace the importance of regulation"}, {"start": "00:00:35", "end": "00:00:40", "text": "because regulation and clarity in the"}, {"start": "00:00:38", "end": "00:00:42", "text": "space is going to protect investors,"}, {"start": "00:00:40", "end": "00:00:45", "text": "it's going to foster innovation, and"}, {"start": "00:00:42", "end": "00:00:47", "text": "it's going to allow the US to lead in"}, {"start": "00:00:45", "end": "00:00:48", "text": "this space. And so, I'm greatly"}, {"start": "00:00:47", "end": "00:00:50", "text": "encouraged by what we are seeing with"}, {"start": "00:00:48", "end": "00:00:53", "text": "the Clarity Act because it has that"}, {"start": "00:00:50", "end": "00:00:55", "text": "vision in mind, it has customer"}, {"start": "00:00:53", "end": "00:00:58", "text": "protections in mind, and maybe even more"}, {"start": "00:00:55", "end": "00:01:01", "text": "importantly, it is a bipartisan effort"}, {"start": "00:00:58", "end": "00:01:03", "text": "because what we are seeing on the ground"}, {"start": "00:01:01", "end": "00:01:05", "text": "is a concerted group of Democratic and"}, {"start": "00:01:03", "end": "00:01:07", "text": "Republican senators working around the"}, {"start": "00:01:05", "end": "00:01:09", "text": "clock to get this across the finish"}, {"start": "00:01:07", "end": "00:01:09", "text": "line."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Well everybody, there's a push for"}, {"start": "00:00:02", "end": "00:00:05", "text": "clarity from the president of the United"}, {"start": "00:00:04", "end": "00:00:08", "text": "States, but unfortunately we have"}, {"start": "00:00:05", "end": "00:00:10", "text": "another issue with the blockade as far"}, {"start": "00:00:08", "end": "00:00:11", "text": "as the straight of her moose. So we'll"}, {"start": "00:00:10", "end": "00:00:14", "text": "take a look at that and also we'll take"}, {"start": "00:00:11", "end": "00:00:16", "text": "a look at where we are at in the cycle."}, {"start": "00:00:14", "end": "00:00:19", "text": "And today I have to be very thankful"}, {"start": "00:00:16", "end": "00:00:22", "text": "because the buy orders flash. I bought"}, {"start": "00:00:19", "end": "00:00:25", "text": "on Cash App as I usually do and because"}, {"start": "00:00:22", "end": "00:00:26", "text": "of the risk levels actually increased my"}, {"start": "00:00:25", "end": "00:00:28", "text": "buys and I'll tell you about why that"}, {"start": "00:00:26", "end": "00:00:30", "text": "is. But before we get into all that, we"}, {"start": "00:00:28", "end": "00:00:33", "text": "have to put on our geopolitical expert"}, {"start": "00:00:30", "end": "00:00:36", "text": "hats and talk about what the president"}, {"start": "00:00:33", "end": "00:00:40", "text": "of the United States just wrote a couple"}, {"start": "00:00:36", "end": "00:00:42", "text": "of hours ago or so. This is uh from"}, {"start": "00:00:40", "end": "00:00:44", "text": "Truth Social. And unfortunately, Senator"}, {"start": "00:00:42", "end": "00:00:46", "text": "Lindsey Graham did pass away yesterday."}, {"start": "00:00:44", "end": "00:00:49", "text": "If uh if you're not aware of that, it"}, {"start": "00:00:46", "end": "00:00:51", "text": "looks like it was a heart attack, aortic"}, {"start": "00:00:49", "end": "00:00:53", "text": "valve. Uh I think it was a congenital"}, {"start": "00:00:51", "end": "00:00:55", "text": "issue. So unfortunately, our prayers go"}, {"start": "00:00:53", "end": "00:00:57", "text": "out to his family. No one likes to see"}, {"start": "00:00:55", "end": "00:00:59", "text": "anybody pass away. Okay, it's an awful"}, {"start": "00:00:57", "end": "00:01:00", "text": "thing. But here's what was said. In"}, {"start": "00:00:59", "end": "00:01:02", "text": "honor of Senator Lindsey Graham, a big"}, {"start": "00:01:00", "end": "00:01:05", "text": "supporter of the US Senate should pass"}, {"start": "00:01:02", "end": "00:01:07", "text": "the Clarity Act should pass. So he's"}, {"start": "00:01:05", "end": "00:01:09", "text": "asking for the Congress they could just"}, {"start": "00:01:07", "end": "00:01:10", "text": "come together for this one time and just"}, {"start": "00:01:09", "end": "00:01:12", "text": "pass one thing. I don't think it's going"}, {"start": "00:01:10", "end": "00:01:14", "text": "to happen, but I mean it's a nice thing"}, {"start": "00:01:12", "end": "00:01:16", "text": "to to put out there. And he states,"}, {"start": "00:01:14", "end": "00:01:18", "text": "\"China and many other countries would"}, {"start": "00:01:16", "end": "00:01:20", "text": "like to take complete and total control"}, {"start": "00:01:18", "end": "00:01:23", "text": "of this major financial happening as"}, {"start": "00:01:20", "end": "00:01:24", "text": "well as with AI where we're now leading,"}, {"start": "00:01:23", "end": "00:01:27", "text": "but they are fighting hard. Don't let"}, {"start": "00:01:24", "end": "00:01:30", "text": "China win.\" present the JT. So on top of"}, {"start": "00:01:27", "end": "00:01:31", "text": "that, let's hope it gets passed. There"}, {"start": "00:01:30", "end": "00:01:34", "text": "looks like they're bringing that to the"}, {"start": "00:01:31", "end": "00:01:35", "text": "floor this week. This is for a debate. I"}, {"start": "00:01:34", "end": "00:01:37", "text": "don't think they're actually going to go"}, {"start": "00:01:35", "end": "00:01:38", "text": "through with it in a vote on it. But"}, {"start": "00:01:37", "end": "00:01:40", "text": "it's a funny thing because this Clarity"}, {"start": "00:01:38", "end": "00:01:43", "text": "Act was supposed to be gone through"}, {"start": "00:01:40", "end": "00:01:45", "text": "already uh before July 4th. Didn't pass."}, {"start": "00:01:43", "end": "00:01:47", "text": "So that's not a good sign, but of course"}, {"start": "00:01:45", "end": "00:01:49", "text": "I've been wrong many a time before. So"}, {"start": "00:01:47", "end": "00:01:51", "text": "we'll see. So there is this issue which"}, {"start": "00:01:49", "end": "00:01:53", "text": "is positive. And now we'll take a look"}, {"start": "00:01:51", "end": "00:01:57", "text": "at maybe a little bit of negative. This"}, {"start": "00:01:53", "end": "00:02:02", "text": "just broke a couple hours ago, 8:16 a.m."}, {"start": "00:01:57", "end": "00:02:05", "text": "Right now it is 10:27 here in Texas. DJT"}, {"start": "00:02:02", "end": "00:02:07", "text": "states, \"The Hormuse Strait is open and"}, {"start": "00:02:05", "end": "00:02:09", "text": "will remain open.\" That sounds good."}, {"start": "00:02:07", "end": "00:02:11", "text": "Just wait."}, {"start": "00:02:09", "end": "00:02:14", "text": "With or without Iran, we are reinstating"}, {"start": "00:02:11", "end": "00:02:17", "text": "the Iranian blockade. So named because"}, {"start": "00:02:14", "end": "00:02:20", "text": "it is only stopping Iran's ships or"}, {"start": "00:02:17", "end": "00:02:22", "text": "customers from entering or leaving."}, {"start": "00:02:20", "end": "00:02:23", "text": "Okay. Well, if you just want to do a"}, {"start": "00:02:22", "end": "00:02:24", "text": "blockade against Iran, that sounds"}, {"start": "00:02:23", "end": "00:02:27", "text": "pretty good. And then you're going to do"}, {"start": "00:02:24", "end": "00:02:29", "text": "it for free, right? Right. No."}, {"start": "00:02:27", "end": "00:02:32", "text": "This only stops Iran ships or customers"}, {"start": "00:02:29", "end": "00:02:34", "text": "from leaving. All other countries will"}, {"start": "00:02:32", "end": "00:02:36", "text": "have fair and open use of the straight."}, {"start": "00:02:34", "end": "00:02:37", "text": "That sounds good. The US will be from"}, {"start": "00:02:36", "end": "00:02:40", "text": "this point forward known as the"}, {"start": "00:02:37", "end": "00:02:43", "text": "guardians of the Hormuse Strait."}, {"start": "00:02:40", "end": "00:02:45", "text": "Interesting. But as such and as a matter"}, {"start": "00:02:43", "end": "00:02:47", "text": "of fairness,"}, {"start": "00:02:45", "end": "00:02:52", "text": "United States will be reimbursed at the"}, {"start": "00:02:47", "end": "00:02:55", "text": "rate of 20% on all cargo shipped for any"}, {"start": "00:02:52", "end": "00:02:58", "text": "and all costs necessary to do the job of"}, {"start": "00:02:55", "end": "00:03:02", "text": "providing safety and security to this"}, {"start": "00:02:58", "end": "00:03:05", "text": "very volatile section of the world. So"}, {"start": "00:03:02", "end": "00:03:07", "text": "take that as you may."}, {"start": "00:03:05", "end": "00:03:10", "text": "This is what happened with the market."}, {"start": "00:03:07", "end": "00:03:12", "text": "Bitcoin over 24 hours went two down 2.4%"}, {"start": "00:03:10", "end": "00:03:15", "text": "4%. Not uncommon. This is Bitcoin. This"}, {"start": "00:03:12", "end": "00:03:16", "text": "is crypto. We're all We've been here for"}, {"start": "00:03:15", "end": "00:03:18", "text": "quite some time. This is nothing new to"}, {"start": "00:03:16", "end": "00:03:21", "text": "us. This is of course just a Monday."}, {"start": "00:03:18", "end": "00:03:22", "text": "Ethereum down 2.4, B&B 2.1, and so on"}, {"start": "00:03:21", "end": "00:03:24", "text": "and so forth. You see over the last 24"}, {"start": "00:03:22", "end": "00:03:27", "text": "hours, we see quite a bit of a tumble."}, {"start": "00:03:24", "end": "00:03:28", "text": "Nothing too uncommon for that. And it's"}, {"start": "00:03:27", "end": "00:03:30", "text": "because"}, {"start": "00:03:28", "end": "00:03:33", "text": "when the traditional markets like the"}, {"start": "00:03:30", "end": "00:03:36", "text": "S&P 500 sneezes, then the crypto market"}, {"start": "00:03:33", "end": "00:03:39", "text": "gets a cold and then altcoins itself get"}, {"start": "00:03:36", "end": "00:03:41", "text": "pneumonia. But right now, we're down."}, {"start": "00:03:39", "end": "00:03:44", "text": "Oh, that's nice. Down almost 0.6% as"}, {"start": "00:03:41", "end": "00:03:46", "text": "things move. We'll see how it bounces"}, {"start": "00:03:44", "end": "00:03:48", "text": "up. I don't expect this to last, but"}, {"start": "00:03:46", "end": "00:03:51", "text": "this is what we have right now. So, what"}, {"start": "00:03:48", "end": "00:03:52", "text": "does that mean? Well, for me, I don't"}, {"start": "00:03:51", "end": "00:03:56", "text": "know for you, but I like to use these"}, {"start": "00:03:52", "end": "00:03:57", "text": "risk levels from Ben's website into the"}, {"start": "00:03:56", "end": "00:03:59", "text": "cryptoverse. Links in the description,"}, {"start": "00:03:57", "end": "00:04:00", "text": "10% off the first month. And and uh"}, {"start": "00:03:59", "end": "00:04:02", "text": "there's a lot of things in here that are"}, {"start": "00:04:00", "end": "00:04:03", "text": "actually free. So, if you sign up, you"}, {"start": "00:04:02", "end": "00:04:04", "text": "can actually use some of the free stuff,"}, {"start": "00:04:03", "end": "00:04:06", "text": "which is pretty nice. But if you want to"}, {"start": "00:04:04", "end": "00:04:09", "text": "go even deeper, of course, there's"}, {"start": "00:04:06", "end": "00:04:13", "text": "option for that. But the price went down"}, {"start": "00:04:09", "end": "00:04:16", "text": "to 62,333"}, {"start": "00:04:13", "end": "00:04:18", "text": "which gives us the risk levels of 0.295."}, {"start": "00:04:16", "end": "00:04:21", "text": "Now because of that I usually start to"}, {"start": "00:04:18", "end": "00:04:24", "text": "layer in around 0.5 and then I double up"}, {"start": "00:04:21", "end": "00:04:26", "text": "at 0.4 and below then 0.3 and below"}, {"start": "00:04:24", "end": "00:04:28", "text": "which we're right now I quadruple up. So"}, {"start": "00:04:26", "end": "00:04:29", "text": "I bought a hefty amount of Bitcoin and"}, {"start": "00:04:28", "end": "00:04:32", "text": "like I said before I made a mistake in"}, {"start": "00:04:29", "end": "00:04:35", "text": "2022 to do this thing called what did I"}, {"start": "00:04:32", "end": "00:04:37", "text": "call it? um minimization of DCA or"}, {"start": "00:04:35", "end": "00:04:40", "text": "excuse me micro DCAing. What I should"}, {"start": "00:04:37", "end": "00:04:44", "text": "have done was by buying like crazy when"}, {"start": "00:04:40", "end": "00:04:45", "text": "Bitcoin was at 15,000, 17,000, 18,000. I"}, {"start": "00:04:44", "end": "00:04:47", "text": "messed that up. I will not mess that up"}, {"start": "00:04:45", "end": "00:04:49", "text": "this time, but that's just me. Everybody"}, {"start": "00:04:47", "end": "00:04:52", "text": "has different goals. So, as the risk"}, {"start": "00:04:49", "end": "00:04:55", "text": "levels go down at 0.295,"}, {"start": "00:04:52", "end": "00:04:57", "text": "I buy more. However,"}, {"start": "00:04:55", "end": "00:05:00", "text": "I will say I don't know if this is going"}, {"start": "00:04:57", "end": "00:05:02", "text": "to last. First of all, the best times to"}, {"start": "00:05:00", "end": "00:05:05", "text": "historically to buy do dollar cost"}, {"start": "00:05:02", "end": "00:05:07", "text": "average is historically speaking on a"}, {"start": "00:05:05", "end": "00:05:09", "text": "Monday. And that's going back from a"}, {"start": "00:05:07", "end": "00:05:12", "text": "data point all the way back to 2010."}, {"start": "00:05:09", "end": "00:05:15", "text": "What this means is we can see right here"}, {"start": "00:05:12", "end": "00:05:16", "text": "is like the price action and how it"}, {"start": "00:05:15", "end": "00:05:18", "text": "extends. So the lowest number is the"}, {"start": "00:05:16", "end": "00:05:20", "text": "best. You don't want this the price to"}, {"start": "00:05:18", "end": "00:05:23", "text": "be higher like on Wednesday. You want it"}, {"start": "00:05:20", "end": "00:05:24", "text": "to be lower say like on a Monday. So for"}, {"start": "00:05:23", "end": "00:05:27", "text": "this this is why I've been dollar cost"}, {"start": "00:05:24", "end": "00:05:28", "text": "averaging on Monday having cash app do"}, {"start": "00:05:27", "end": "00:05:30", "text": "the action. I know some people say they"}, {"start": "00:05:28", "end": "00:05:33", "text": "hate the cash app, but that's because"}, {"start": "00:05:30", "end": "00:05:36", "text": "you're buying it wrong. And the cash"}, {"start": "00:05:33", "end": "00:05:38", "text": "app, if you do recurring payments like"}, {"start": "00:05:36", "end": "00:05:40", "text": "every Monday, every day, every three"}, {"start": "00:05:38", "end": "00:05:42", "text": "days, or whatever else you set it up to,"}, {"start": "00:05:40", "end": "00:05:44", "text": "the spread is negligible, almost"}, {"start": "00:05:42", "end": "00:05:47", "text": "nothing, and there's no fees essentially"}, {"start": "00:05:44", "end": "00:05:49", "text": "because what I believe is happening in"}, {"start": "00:05:47", "end": "00:05:52", "text": "Cash App is Jack Dorsey is buying that"}, {"start": "00:05:49", "end": "00:05:53", "text": "OTC. When you buy on spot and you buy it"}, {"start": "00:05:52", "end": "00:05:56", "text": "like individually, like, hey, it's a"}, {"start": "00:05:53", "end": "00:05:57", "text": "Wednesday at two o'clock. is going to"}, {"start": "00:05:56", "end": "00:05:58", "text": "buy one thing, which is fine. You're"}, {"start": "00:05:57", "end": "00:06:01", "text": "going to pay some fees and you're going"}, {"start": "00:05:58", "end": "00:06:02", "text": "to pay some spreads. What Jack Dorsey, I"}, {"start": "00:06:01", "end": "00:06:04", "text": "think, wants people to do is to buy"}, {"start": "00:06:02", "end": "00:06:07", "text": "continuously. That's why he rewards the"}, {"start": "00:06:04", "end": "00:06:09", "text": "people who come in there and buy on a"}, {"start": "00:06:07", "end": "00:06:11", "text": "recurring basis and set it up like I've"}, {"start": "00:06:09", "end": "00:06:12", "text": "done myself. Now, it's up to you what"}, {"start": "00:06:11", "end": "00:06:13", "text": "you want to do. I'm just saying just"}, {"start": "00:06:12", "end": "00:06:16", "text": "putting it out there. I don't even have"}, {"start": "00:06:13", "end": "00:06:19", "text": "a link for for Cash App, so good luck."}, {"start": "00:06:16", "end": "00:06:24", "text": "Sorry, it's not available everywhere."}, {"start": "00:06:19", "end": "00:06:26", "text": "But what this means going forward,"}, {"start": "00:06:24", "end": "00:06:29", "text": "I would say actually I don't want to do"}, {"start": "00:06:26", "end": "00:06:32", "text": "this one. I want to do this one."}, {"start": "00:06:29", "end": "00:06:36", "text": "Excuse that little transgression."}, {"start": "00:06:32", "end": "00:06:38", "text": "These levels here, 0.294,"}, {"start": "00:06:36", "end": "00:06:41", "text": "when we take a look at it"}, {"start": "00:06:38", "end": "00:06:44", "text": "at these risk levels, we can see that"}, {"start": "00:06:41", "end": "00:06:46", "text": "they're not very common and they they're"}, {"start": "00:06:44", "end": "00:06:49", "text": "becoming more uncommon as time has gone"}, {"start": "00:06:46", "end": "00:06:50", "text": "on. This right here is 0.2 2 to 0.3"}, {"start": "00:06:49", "end": "00:06:54", "text": "where we're at. I'm going to turn those"}, {"start": "00:06:50", "end": "00:06:56", "text": "off. This is 0.1 to 0.2, which when you"}, {"start": "00:06:54", "end": "00:06:58", "text": "get down to this level, it's pretty much"}, {"start": "00:06:56", "end": "00:07:00", "text": "crash level. I'm going to turn that off."}, {"start": "00:06:58", "end": "00:07:02", "text": "0.00.1"}, {"start": "00:07:00", "end": "00:07:06", "text": "doesn't exist anymore. That went extinct"}, {"start": "00:07:02", "end": "00:07:11", "text": "a long time ago back in January 2015."}, {"start": "00:07:06", "end": "00:07:13", "text": "0.1 to 0.2 is going extinct as well. And"}, {"start": "00:07:11", "end": "00:07:16", "text": "we can see that back here in 2022 when"}, {"start": "00:07:13", "end": "00:07:19", "text": "we had the great crash going down. You"}, {"start": "00:07:16", "end": "00:07:21", "text": "can see the price going 18,000"}, {"start": "00:07:19", "end": "00:07:22", "text": "15,750."}, {"start": "00:07:21", "end": "00:07:24", "text": "Remember those days when it was the"}, {"start": "00:07:22", "end": "00:07:26", "text": "absolute lowest"}, {"start": "00:07:24", "end": "00:07:28", "text": "19,000"}, {"start": "00:07:26", "end": "00:07:30", "text": "and that hasn't hit since 2022. It is"}, {"start": "00:07:28", "end": "00:07:32", "text": "extinct over here. Now does that mean"}, {"start": "00:07:30", "end": "00:07:35", "text": "that it can't go to that level? No. I'm"}, {"start": "00:07:32", "end": "00:07:37", "text": "just saying at this point and we haven't"}, {"start": "00:07:35", "end": "00:07:39", "text": "even hit the bottom. I don't think we"}, {"start": "00:07:37", "end": "00:07:42", "text": "could see it. Who knows? But if we take"}, {"start": "00:07:39", "end": "00:07:44", "text": "a look here at 0.2 to 0.3 even that's"}, {"start": "00:07:42", "end": "00:07:47", "text": "going away and we can see that it"}, {"start": "00:07:44", "end": "00:07:51", "text": "actually was back in the day 2011"}, {"start": "00:07:47", "end": "00:07:54", "text": "2014 you had one two three four spots"}, {"start": "00:07:51", "end": "00:07:57", "text": "over here in 2018 you had a big long"}, {"start": "00:07:54", "end": "00:07:59", "text": "variation here. So had one two three and"}, {"start": "00:07:57", "end": "00:08:02", "text": "then a little blob here four. Then of"}, {"start": "00:07:59", "end": "00:08:05", "text": "course corona virus my favorite virus"}, {"start": "00:08:02", "end": "00:08:07", "text": "just kidding it's awful. We can see that"}, {"start": "00:08:05", "end": "00:08:09", "text": "uh this of course hit but then in that"}, {"start": "00:08:07", "end": "00:08:14", "text": "cycle the same thing 2022 so you got one"}, {"start": "00:08:09", "end": "00:08:19", "text": "big long here actually no"}, {"start": "00:08:14", "end": "00:08:22", "text": "2020 topps off here 2022 you had one"}, {"start": "00:08:19", "end": "00:08:26", "text": "little blurb here two then three is a"}, {"start": "00:08:22", "end": "00:08:29", "text": "big long one and now over here in 2026"}, {"start": "00:08:26", "end": "00:08:32", "text": "it's not too often it's actually"}, {"start": "00:08:29", "end": "00:08:34", "text": "happening so again I think there is some"}, {"start": "00:08:32", "end": "00:08:35", "text": "times to buy I think this is actually a"}, {"start": "00:08:34", "end": "00:08:39", "text": "good time for me. We'll see how it"}, {"start": "00:08:35", "end": "00:08:41", "text": "actually works out. But for 0.28"}, {"start": "00:08:39", "end": "00:08:45", "text": "or whatever we're at right now, 0.2,"}, {"start": "00:08:41", "end": "00:08:47", "text": "what are we at? 0.294."}, {"start": "00:08:45", "end": "00:08:50", "text": "This might be the good times. But people"}, {"start": "00:08:47", "end": "00:08:54", "text": "say, \"But Rob, for your cycles, remember"}, {"start": "00:08:50", "end": "00:08:57", "text": "if we topped in October"}, {"start": "00:08:54", "end": "00:08:58", "text": "2025, then we will bottom in October"}, {"start": "00:08:57", "end": "00:09:00", "text": "2026.\" And it sounds reasonable because"}, {"start": "00:08:58", "end": "00:09:03", "text": "everything else is lined up like that. I"}, {"start": "00:09:00", "end": "00:09:05", "text": "will say there are some variations."}, {"start": "00:09:03", "end": "00:09:11", "text": "And what I'll say about those variations"}, {"start": "00:09:05", "end": "00:09:13", "text": "is that we are now 20% higher"}, {"start": "00:09:11", "end": "00:09:16", "text": "than where we were in the last cycle as"}, {"start": "00:09:13", "end": "00:09:20", "text": "far as July 13, 2022. Today is July"}, {"start": "00:09:16", "end": "00:09:22", "text": "13th, 2026."}, {"start": "00:09:20", "end": "00:09:23", "text": "The price from the all-time high is"}, {"start": "00:09:22", "end": "00:09:27", "text": "62,536."}, {"start": "00:09:23", "end": "00:09:30", "text": "That is at a negative 50%. At this"}, {"start": "00:09:27", "end": "00:09:35", "text": "point, four years ago, it was negative"}, {"start": "00:09:30", "end": "00:09:38", "text": "70%. And the bottom was negative 77%."}, {"start": "00:09:35", "end": "00:09:41", "text": "76 7% 7 7%. It depends on the different"}, {"start": "00:09:38", "end": "00:09:44", "text": "market or exchange that you went to. But"}, {"start": "00:09:41", "end": "00:09:47", "text": "isn't that amazing? We are 20% higher,"}, {"start": "00:09:44", "end": "00:09:49", "text": "meaning we're not as volatile. So the"}, {"start": "00:09:47", "end": "00:09:51", "text": "question then becomes, okay, if"}, {"start": "00:09:49", "end": "00:09:54", "text": "everything is equal right now and we"}, {"start": "00:09:51", "end": "00:09:57", "text": "went from 70% and the bottom was 77%"}, {"start": "00:09:54", "end": "00:10:00", "text": "when we hit $15,763,"}, {"start": "00:09:57", "end": "00:10:04", "text": "does that mean that here at 50% we can"}, {"start": "00:10:00", "end": "00:10:06", "text": "only go to 57? Well, maybe, but remember"}, {"start": "00:10:04", "end": "00:10:11", "text": "it's not as volatile. So what you're"}, {"start": "00:10:06", "end": "00:10:13", "text": "looking at is maybe a bottom of 53 54%."}, {"start": "00:10:11", "end": "00:10:14", "text": "But if you do, even if you went negative"}, {"start": "00:10:13", "end": "00:10:16", "text": "57%."}, {"start": "00:10:14", "end": "00:10:19", "text": "You would be at around 54 55,000. We've"}, {"start": "00:10:16", "end": "00:10:22", "text": "already seen 59 58,000."}, {"start": "00:10:19", "end": "00:10:24", "text": "So, could we go lower? We could. I just"}, {"start": "00:10:22", "end": "00:10:27", "text": "don't expect us to do one of these"}, {"start": "00:10:24", "end": "00:10:31", "text": "things where we"}, {"start": "00:10:27", "end": "00:10:34", "text": "go negative75% and we're in the $30,000"}, {"start": "00:10:31", "end": "00:10:37", "text": "range like we did four years ago. But it"}, {"start": "00:10:34", "end": "00:10:38", "text": "could happen. And I will say because"}, {"start": "00:10:37", "end": "00:10:40", "text": "people say, \"Well, this time's"}, {"start": "00:10:38", "end": "00:10:44", "text": "different.\""}, {"start": "00:10:40", "end": "00:10:47", "text": "You know, if you look back"}, {"start": "00:10:44", "end": "00:10:51", "text": "at the previous cycle, 2018, 2022,"}, {"start": "00:10:47", "end": "00:10:52", "text": "it was lock step almost with how far"}, {"start": "00:10:51", "end": "00:10:54", "text": "down it went. It's amazing to me this"}, {"start": "00:10:52", "end": "00:10:57", "text": "actually worked out. Look at this. May"}, {"start": "00:10:54", "end": "00:11:01", "text": "22nd, 2018, the price was 8,423, which"}, {"start": "00:10:57", "end": "00:11:05", "text": "was negative 57% from the all-time high"}, {"start": "00:11:01", "end": "00:11:08", "text": "in 2017. May 22nd, 2022, it was negative"}, {"start": "00:11:05", "end": "00:11:12", "text": "55% from the all-time high. Just look at"}, {"start": "00:11:08", "end": "00:11:20", "text": "these two numbers. 5755"}, {"start": "00:11:12", "end": "00:11:22", "text": "-66 -67 -68 -68 -62 And you know where"}, {"start": "00:11:20", "end": "00:11:23", "text": "I'm going with this. It's like the same"}, {"start": "00:11:22", "end": "00:11:28", "text": "thing going over and over and over"}, {"start": "00:11:23", "end": "00:11:31", "text": "again. That's amazing. 76%"}, {"start": "00:11:28", "end": "00:11:35", "text": "from the 2017 all-time high in 2018."}, {"start": "00:11:31", "end": "00:11:35", "text": "Negative 76% in 2021."}, {"start": "00:11:35", "end": "00:11:42", "text": "in 2022."}, {"start": "00:11:37", "end": "00:11:42", "text": "So all these things being equal,"}, {"start": "00:11:43", "end": "00:11:50", "text": "there is a little bit of a break in the"}, {"start": "00:11:46", "end": "00:11:53", "text": "madness. We are -50. Oh, excuse me. Let"}, {"start": "00:11:50", "end": "00:11:53", "text": "me go to the right date."}, {"start": "00:11:54", "end": "00:12:00", "text": "It's not easy to do."}, {"start": "00:11:56", "end": "00:12:01", "text": "50.7 20 points up. Anyhow, let me know"}, {"start": "00:12:00", "end": "00:12:02", "text": "what you think about that in the"}, {"start": "00:12:01", "end": "00:12:04", "text": "comments section. I know it just seems"}, {"start": "00:12:02", "end": "00:12:07", "text": "like minutia and stuff like that, but I"}, {"start": "00:12:04", "end": "00:12:09", "text": "will say as a reminder as far as like"}, {"start": "00:12:07", "end": "00:12:11", "text": "buying times, we did go below the"}, {"start": "00:12:09", "end": "00:12:13", "text": "200week moving average. And I mean"}, {"start": "00:12:11", "end": "00:12:17", "text": "barely did we go let me really really"}, {"start": "00:12:13", "end": "00:12:17", "text": "zoom into this"}, {"start": "00:12:18", "end": "00:12:24", "text": "Bitcoin price 62,230e"}, {"start": "00:12:21", "end": "00:12:25", "text": "moving average 63,000."}, {"start": "00:12:24", "end": "00:12:27", "text": "I don't know if we're going to keep"}, {"start": "00:12:25", "end": "00:12:30", "text": "going below. I know beforehand we"}, {"start": "00:12:27", "end": "00:12:36", "text": "actually went to the 250 and 300 week as"}, {"start": "00:12:30", "end": "00:12:36", "text": "I believe in 2022. Let me take a look."}, {"start": "00:12:37", "end": "00:12:42", "text": "And the 300E moving average. If you are"}, {"start": "00:12:40", "end": "00:12:44", "text": "waiting for this, I don't know if this"}, {"start": "00:12:42", "end": "00:12:46", "text": "is going to hit. I will just say what"}, {"start": "00:12:44", "end": "00:12:49", "text": "I'm doing is dollar cost averaging and I"}, {"start": "00:12:46", "end": "00:12:51", "text": "think in oh, I don't know, two or three"}, {"start": "00:12:49", "end": "00:12:53", "text": "years probably be rewarded. But that's"}, {"start": "00:12:51", "end": "00:12:54", "text": "it for today. So, look, if you like"}, {"start": "00:12:53", "end": "00:12:56", "text": "today's video, give it a thumbs up,"}, {"start": "00:12:54", "end": "00:12:58", "text": "consider subscribing. Everybody else"}, {"start": "00:12:56", "end": "00:13:00", "text": "said, \"Hey, thanks for coming by."}, {"start": "00:12:58", "end": "00:13:01", "text": "Appreciate it.\" Now, let's get into a"}, {"start": "00:13:00", "end": "00:13:05", "text": "little Q&A, answer all your questions,"}, {"start": "00:13:01", "end": "00:13:08", "text": "and we'll go from there. Let's see"}, {"start": "00:13:05", "end": "00:13:09", "text": "what somebody"}, {"start": "00:13:08", "end": "00:13:11", "text": "the Kami mayor is giving away free"}, {"start": "00:13:09", "end": "00:13:13", "text": "condos. I'm going to guess that's Mayor"}, {"start": "00:13:11", "end": "00:13:17", "text": "Mandami in New York. I don't know if"}, {"start": "00:13:13", "end": "00:13:19", "text": "he's giving away free condos."}, {"start": "00:13:17", "end": "00:13:23", "text": "Sounds pretty good."}, {"start": "00:13:19", "end": "00:13:23", "text": "if uh you know you're"}, {"start": "00:13:23", "end": "00:13:26", "text": "I can't even say anything. I don't know"}, {"start": "00:13:25", "end": "00:13:28", "text": "what is going on in New York. It's just"}, {"start": "00:13:26", "end": "00:13:30", "text": "craziness."}, {"start": "00:13:28", "end": "00:13:33", "text": "Hopefully, it works out for people. Ah,"}, {"start": "00:13:30", "end": "00:13:35", "text": "Rusty, I did test Poly Market. What I"}, {"start": "00:13:33", "end": "00:13:37", "text": "did not get was that people could place"}, {"start": "00:13:35", "end": "00:13:39", "text": "bets during the whole match. We're"}, {"start": "00:13:37", "end": "00:13:41", "text": "talking about the World Cup. I wish I"}, {"start": "00:13:39", "end": "00:13:42", "text": "just put my bet five minutes before and"}, {"start": "00:13:41", "end": "00:13:45", "text": "end of the game and not before the game."}, {"start": "00:13:42", "end": "00:13:47", "text": "That's what I'm used to, right? When I"}, {"start": "00:13:45", "end": "00:13:49", "text": "used to gamble. I don't gamble anymore."}, {"start": "00:13:47", "end": "00:13:51", "text": "Just kidding. I'm in crypto, of course,"}, {"start": "00:13:49", "end": "00:13:54", "text": "we're all gambling and uh it was always"}, {"start": "00:13:51", "end": "00:13:55", "text": "beforehand and you know"}, {"start": "00:13:54", "end": "00:13:58", "text": "who's going to win, what's the spread,"}, {"start": "00:13:55", "end": "00:14:02", "text": "that type of thing. But I guess things"}, {"start": "00:13:58", "end": "00:14:02", "text": "are different in the prediction markets."}, {"start": "00:14:08", "end": "00:14:13", "text": "Rusty says, \"Before the war started by"}, {"start": "00:14:10", "end": "00:14:14", "text": "the access of Epstein, we had 0% tax in"}, {"start": "00:14:13", "end": "00:14:17", "text": "the straight.\" Straight? Is it straight?"}, {"start": "00:14:14", "end": "00:14:20", "text": "I think it's ST, but I don't know."}, {"start": "00:14:17", "end": "00:14:21", "text": "Yeah, it's been uh it's been quite a"}, {"start": "00:14:20", "end": "00:14:23", "text": "roller coaster. I don't know how many"}, {"start": "00:14:21", "end": "00:14:25", "text": "times we've uh declared victory over"}, {"start": "00:14:23", "end": "00:14:28", "text": "there. We've declared victory. Uh I"}, {"start": "00:14:25", "end": "00:14:31", "text": "think uh 37 out of the zero times. So"}, {"start": "00:14:28", "end": "00:14:33", "text": "yeah,"}, {"start": "00:14:31", "end": "00:14:34", "text": "Leisure Real Estate says, \"Rob, I've"}, {"start": "00:14:33", "end": "00:14:37", "text": "heard Ring Cone is a great place to"}, {"start": "00:14:34", "end": "00:14:39", "text": "visit. It's okay. It's like a sleepy"}, {"start": "00:14:37", "end": "00:14:41", "text": "surfer town. I always think of it like"}, {"start": "00:14:39", "end": "00:14:42", "text": "that. I mean, Puerto Rico is great in of"}, {"start": "00:14:41", "end": "00:14:45", "text": "itself. There's a lot of different"}, {"start": "00:14:42", "end": "00:14:48", "text": "places. I just like places where I can"}, {"start": "00:14:45", "end": "00:14:50", "text": "get Amazon delivered. That's"}, {"start": "00:14:48", "end": "00:14:52", "text": "I'm getting old. It's hard. It's hard to"}, {"start": "00:14:50", "end": "00:14:54", "text": "do things. Come on, give me a break."}, {"start": "00:14:52", "end": "00:14:56", "text": "Let's see if anyone wonders my bet when"}, {"start": "00:14:54", "end": "00:14:59", "text": "I lost everything. Sorry, Rusty. I'm not"}, {"start": "00:14:56", "end": "00:15:00", "text": "laughing at you, Rusty, but you know,"}, {"start": "00:14:59", "end": "00:15:03", "text": "you could have just done the same thing"}, {"start": "00:15:00", "end": "00:15:07", "text": "with meme coins. It been the same thing."}, {"start": "00:15:03", "end": "00:15:10", "text": "Uh, any famous infamous predictions for"}, {"start": "00:15:07", "end": "00:15:13", "text": "us today? Maybe Bitcoin 2030? No. But"}, {"start": "00:15:10", "end": "00:15:15", "text": "yesterday's video was pretty fun. Me and"}, {"start": "00:15:13", "end": "00:15:18", "text": "Jerry got to come on and give a what I"}, {"start": "00:15:15", "end": "00:15:23", "text": "would call a conservative Bitcoin price"}, {"start": "00:15:18", "end": "00:15:25", "text": "prediction for 2029. And we laid out the"}, {"start": "00:15:23", "end": "00:15:26", "text": "reasoning why. And we said unfortunately"}, {"start": "00:15:25", "end": "00:15:29", "text": "it's going to go to zero. I'm just"}, {"start": "00:15:26", "end": "00:15:31", "text": "kidding. Uh we pretty much said that"}, {"start": "00:15:29", "end": "00:15:34", "text": "it's going to go between 150 and 170K"}, {"start": "00:15:31", "end": "00:15:36", "text": "and just based on all-time low to"}, {"start": "00:15:34", "end": "00:15:37", "text": "all-time high, all-time high to all-time"}, {"start": "00:15:36", "end": "00:15:39", "text": "high and some different list risk levels"}, {"start": "00:15:37", "end": "00:15:41", "text": "and things like that. And it was just"}, {"start": "00:15:39", "end": "00:15:44", "text": "coming across the four-year cycle and"}, {"start": "00:15:41", "end": "00:15:46", "text": "the lack of volatility. And I think"}, {"start": "00:15:44", "end": "00:15:49", "text": "people liked it. I think people did. I"}, {"start": "00:15:46", "end": "00:15:53", "text": "mean, because like I said before, like"}, {"start": "00:15:49", "end": "00:15:55", "text": "when the problem with price predictions"}, {"start": "00:15:53", "end": "00:15:59", "text": "is people just go crazy, whacked out,"}, {"start": "00:15:55", "end": "00:16:02", "text": "right? And we get stuff like this."}, {"start": "00:15:59", "end": "00:16:04", "text": "You get like Jamie Diamond and Dan P�ena"}, {"start": "00:16:02", "end": "00:16:06", "text": "screaming that's going to zero. We all"}, {"start": "00:16:04", "end": "00:16:08", "text": "know that's not going to happen. And"}, {"start": "00:16:06", "end": "00:16:09", "text": "then you got Tim Draper and Tom Lee"}, {"start": "00:16:08", "end": "00:16:12", "text": "going, \"No, no, no. It's going to go to"}, {"start": "00:16:09", "end": "00:16:14", "text": "this crazy number that they have.\" And I"}, {"start": "00:16:12", "end": "00:16:15", "text": "think there's somewhere in the middle"}, {"start": "00:16:14", "end": "00:16:18", "text": "common ground that people should should"}, {"start": "00:16:15", "end": "00:16:21", "text": "get to. So the conservative was 150 to"}, {"start": "00:16:18", "end": "00:16:24", "text": "170. What I did was I bought a website"}, {"start": "00:16:21", "end": "00:16:26", "text": "today. I bought a domain. And what I'm"}, {"start": "00:16:24", "end": "00:16:28", "text": "going to do is I'm going to have Claude,"}, {"start": "00:16:26", "end": "00:16:30", "text": "my AI assistant."}, {"start": "00:16:28", "end": "00:16:33", "text": "We are going to create a website which"}, {"start": "00:16:30", "end": "00:16:35", "text": "takes people's price predictions and"}, {"start": "00:16:33", "end": "00:16:37", "text": "puts them up there and immortalizes them"}, {"start": "00:16:35", "end": "00:16:39", "text": "instead of them instead of people doing"}, {"start": "00:16:37", "end": "00:16:42", "text": "this stuff that I despise which is going"}, {"start": "00:16:39", "end": "00:16:43", "text": "onto a social media platform saying it's"}, {"start": "00:16:42", "end": "00:16:45", "text": "going to go to this and then just"}, {"start": "00:16:43", "end": "00:16:47", "text": "disappearing and uh like oh what"}, {"start": "00:16:45", "end": "00:16:50", "text": "happened to that price? Oh that wasn't"}, {"start": "00:16:47", "end": "00:16:52", "text": "me. Okay well we're going to do this"}, {"start": "00:16:50", "end": "00:16:54", "text": "website. I'm going to start to take"}, {"start": "00:16:52", "end": "00:16:55", "text": "snapshots of people's accounts and we're"}, {"start": "00:16:54", "end": "00:16:58", "text": "going to put them up there and we're"}, {"start": "00:16:55", "end": "00:17:02", "text": "going to find out who has been way right"}, {"start": "00:16:58", "end": "00:17:04", "text": "and who has been way way way way wrong."}, {"start": "00:17:02", "end": "00:17:07", "text": "And I'm not going to go in the past"}, {"start": "00:17:04", "end": "00:17:09", "text": "because if we go in the past,"}, {"start": "00:17:07", "end": "00:17:11", "text": "there is a link in the description. It's"}, {"start": "00:17:09", "end": "00:17:14", "text": "called my cryptocritical videos and it's"}, {"start": "00:17:11", "end": "00:17:18", "text": "like 1 through 13. It's very simple. And"}, {"start": "00:17:14", "end": "00:17:20", "text": "every single person in 2021 was wrong."}, {"start": "00:17:18", "end": "00:17:22", "text": "Every single person. It wasn't even"}, {"start": "00:17:20", "end": "00:17:26", "text": "close. So, watch that video. And then"}, {"start": "00:17:22", "end": "00:17:30", "text": "also, don't forget 2025, every single"}, {"start": "00:17:26", "end": "00:17:32", "text": "person was wrong again. And I again, I I"}, {"start": "00:17:30", "end": "00:17:33", "text": "I I think it gets people in trouble"}, {"start": "00:17:32", "end": "00:17:34", "text": "because they hear these price"}, {"start": "00:17:33", "end": "00:17:36", "text": "predictions. They're like, \"Oh, that's"}, {"start": "00:17:34", "end": "00:17:37", "text": "it.\" And no one remembers. Well, I'm"}, {"start": "00:17:36", "end": "00:17:40", "text": "going to make sure people remember"}, {"start": "00:17:37", "end": "00:17:42", "text": "because I'm going to put that website"}, {"start": "00:17:40", "end": "00:17:43", "text": "together. It's almost done. And we're"}, {"start": "00:17:42", "end": "00:17:47", "text": "going to start put in. And what's great"}, {"start": "00:17:43", "end": "00:17:50", "text": "about it is you, the viewer,"}, {"start": "00:17:47", "end": "00:17:51", "text": "can go to the website. You can submit"}, {"start": "00:17:50", "end": "00:17:54", "text": "their price predictions as long as you"}, {"start": "00:17:51", "end": "00:17:56", "text": "have a link to their social media post."}, {"start": "00:17:54", "end": "00:17:59", "text": "Claude will snapshot it and put it on"}, {"start": "00:17:56", "end": "00:18:01", "text": "the website and off we go. And to be"}, {"start": "00:17:59", "end": "00:18:03", "text": "fair, because I'm not just going to just"}, {"start": "00:18:01", "end": "00:18:07", "text": "put every anybody up or everybody up"}, {"start": "00:18:03", "end": "00:18:11", "text": "there, I am putting myself"}, {"start": "00:18:07", "end": "00:18:13", "text": "and my price prediction, which was this"}, {"start": "00:18:11", "end": "00:18:15", "text": "because you have to have accountability."}, {"start": "00:18:13", "end": "00:18:17", "text": "There's no like I got you type of thing."}, {"start": "00:18:15", "end": "00:18:20", "text": "That's what I think. Am I going to be"}, {"start": "00:18:17", "end": "00:18:23", "text": "right? Probably not. No one's right."}, {"start": "00:18:20", "end": "00:18:25", "text": "This is a very conservative and I lay"}, {"start": "00:18:23", "end": "00:18:29", "text": "out why I did it."}, {"start": "00:18:25", "end": "00:18:32", "text": "And that's it. So, good one, Mary."}, {"start": "00:18:29", "end": "00:18:34", "text": "All right."}, {"start": "00:18:32", "end": "00:18:36", "text": "Make sure you put James from Best. Oh,"}, {"start": "00:18:34", "end": "00:18:38", "text": "everybody's going the list. Every single"}, {"start": "00:18:36", "end": "00:18:39", "text": "person's going on the list. It's going"}, {"start": "00:18:38", "end": "00:18:41", "text": "to be everybody that I know, everybody"}, {"start": "00:18:39", "end": "00:18:43", "text": "that you know, it's going to be friends."}, {"start": "00:18:41", "end": "00:18:45", "text": "I don't really have any enemies, so"}, {"start": "00:18:43", "end": "00:18:47", "text": "people I don't know. And uh it's all"}, {"start": "00:18:45", "end": "00:18:49", "text": "going to go on there and we'll see who's"}, {"start": "00:18:47", "end": "00:18:52", "text": "right."}, {"start": "00:18:49", "end": "00:18:58", "text": "Off we go. Leisure real estate is"}, {"start": "00:18:52", "end": "00:18:58", "text": "correct. 99% of coins are going to zero."}, {"start": "00:18:58", "end": "00:19:02", "text": "Uh"}, {"start": "00:19:00", "end": "00:19:05", "text": "yeah, hard to find honesty in this"}, {"start": "00:19:02", "end": "00:19:07", "text": "industry. No, there's a lot of pe you"}, {"start": "00:19:05", "end": "00:19:09", "text": "know like I the people that I come"}, {"start": "00:19:07", "end": "00:19:11", "text": "across are are pretty straight shooters"}, {"start": "00:19:09", "end": "00:19:14", "text": "quite honestly. There's no people that"}, {"start": "00:19:11", "end": "00:19:16", "text": "uh not know people but try not to"}, {"start": "00:19:14", "end": "00:19:17", "text": "associate"}, {"start": "00:19:16", "end": "00:19:19", "text": "uh I try to associate with the good ones"}, {"start": "00:19:17", "end": "00:19:22", "text": "and so far everybody's been pretty good."}, {"start": "00:19:19", "end": "00:19:24", "text": "Now you know you just got to make just"}, {"start": "00:19:22", "end": "00:19:26", "text": "stand up. It's like when when you're in"}, {"start": "00:19:24", "end": "00:19:28", "text": "the military was in the army you make a"}, {"start": "00:19:26", "end": "00:19:29", "text": "mistake because if you and it if you"}, {"start": "00:19:28", "end": "00:19:30", "text": "make a mistake you call it the mistake"}, {"start": "00:19:29", "end": "00:19:33", "text": "because if you don't call it the mistake"}, {"start": "00:19:30", "end": "00:19:35", "text": "then people die. So like for me like I"}, {"start": "00:19:33", "end": "00:19:37", "text": "had a big problem as far as like a"}, {"start": "00:19:35", "end": "00:19:39", "text": "mistake like I talked to Voyager I had"}, {"start": "00:19:37", "end": "00:19:41", "text": "Steve Erlick on many times promoted that"}, {"start": "00:19:39", "end": "00:19:43", "text": "like crazy. That was going to go great."}, {"start": "00:19:41", "end": "00:19:45", "text": "Didn't realize there was a $640 million"}, {"start": "00:19:43", "end": "00:19:47", "text": "uncolateralized loan to three Capital,"}, {"start": "00:19:45", "end": "00:19:48", "text": "which was of course revealed. As soon as"}, {"start": "00:19:47", "end": "00:19:51", "text": "that was revealed, I said, \"Get the hell"}, {"start": "00:19:48", "end": "00:19:53", "text": "out.\" Celsius, I had Scammansky on the"}, {"start": "00:19:51", "end": "00:19:55", "text": "channel many a time. That was my one-two"}, {"start": "00:19:53", "end": "00:19:57", "text": "punch. Didn't work out too well."}, {"start": "00:19:55", "end": "00:20:00", "text": "Thankfully, I didn't get to get into the"}, {"start": "00:19:57", "end": "00:20:01", "text": "FTX session, but because of those guys,"}, {"start": "00:20:00", "end": "00:20:06", "text": "because of the Voyages and Celsius,"}, {"start": "00:20:01", "end": "00:20:11", "text": "that's why we have the um rules that we"}, {"start": "00:20:06", "end": "00:20:11", "text": "have today, which uh"}, {"start": "00:20:12", "end": "00:20:16", "text": "no, Brian, the rules are very simple."}, {"start": "00:20:15", "end": "00:20:18", "text": "Don't invest more than you can afford to"}, {"start": "00:20:16", "end": "00:20:19", "text": "lose. It's all it's just you have to"}, {"start": "00:20:18", "end": "00:20:20", "text": "think to yourself, it's all gone."}, {"start": "00:20:19", "end": "00:20:23", "text": "whatever I'm putting in. If I'm going to"}, {"start": "00:20:20", "end": "00:20:26", "text": "put in $5 or $5 million, because some of"}, {"start": "00:20:23", "end": "00:20:28", "text": "you have that money, you are ballers."}, {"start": "00:20:26", "end": "00:20:30", "text": "But if you're okay with losing $5"}, {"start": "00:20:28", "end": "00:20:31", "text": "million or five bucks or whatever it is,"}, {"start": "00:20:30", "end": "00:20:33", "text": "just knowing yourself it's if it's if"}, {"start": "00:20:31", "end": "00:20:36", "text": "it's all gone and you're like, I don't"}, {"start": "00:20:33", "end": "00:20:38", "text": "care, then you should be okay. But if"}, {"start": "00:20:36", "end": "00:20:39", "text": "you put in so much money and you say to"}, {"start": "00:20:38", "end": "00:20:40", "text": "yourself, okay, this is probably I'm not"}, {"start": "00:20:39", "end": "00:20:42", "text": "probably going to lose this all. You"}, {"start": "00:20:40", "end": "00:20:44", "text": "start sweating, you probably bet too"}, {"start": "00:20:42", "end": "00:20:46", "text": "much. You probably invested too much."}, {"start": "00:20:44", "end": "00:20:47", "text": "The next one is everything's a scam"}, {"start": "00:20:46", "end": "00:20:50", "text": "until I prove otherwise. This was right"}, {"start": "00:20:47", "end": "00:20:51", "text": "from Celsius. Next one was exchanges."}, {"start": "00:20:50", "end": "00:20:53", "text": "Don't use those. Don't leave them on"}, {"start": "00:20:51", "end": "00:20:56", "text": "there. That was because of Voyager and"}, {"start": "00:20:53", "end": "00:20:57", "text": "really FTX, too. Don't use leverage."}, {"start": "00:20:56", "end": "00:20:59", "text": "This is just something I believe, but"}, {"start": "00:20:57", "end": "00:21:01", "text": "I've evolved. I think a little two or 3X"}, {"start": "00:20:59", "end": "00:21:04", "text": "is always fun. Every so often, not going"}, {"start": "00:21:01", "end": "00:21:06", "text": "to kill you. Every so often, just like"}, {"start": "00:21:04", "end": "00:21:07", "text": "going to Vegas. Vegas won't kill you,"}, {"start": "00:21:06", "end": "00:21:08", "text": "but if you're going there every day and"}, {"start": "00:21:07", "end": "00:21:11", "text": "you know, you only got your shorts on"}, {"start": "00:21:08", "end": "00:21:12", "text": "and it probably could be bad. And then"}, {"start": "00:21:11", "end": "00:21:14", "text": "take profits. Nobody ever went broke"}, {"start": "00:21:12", "end": "00:21:17", "text": "taking profits. I wish Michael Sailor"}, {"start": "00:21:14", "end": "00:21:19", "text": "would have listened to me."}, {"start": "00:21:17", "end": "00:21:22", "text": "But yeah, that's uh that's pretty much"}, {"start": "00:21:19", "end": "00:21:25", "text": "the rules and that's what uh 2022 will"}, {"start": "00:21:22", "end": "00:21:25", "text": "do for you."}, {"start": "00:21:25", "end": "00:21:30", "text": "Bitcoin says f your feelings. That's"}, {"start": "00:21:28", "end": "00:21:34", "text": "right."}, {"start": "00:21:30", "end": "00:21:35", "text": "Teruna, I never really got into that. I"}, {"start": "00:21:34", "end": "00:21:37", "text": "bought some, but every time I like I"}, {"start": "00:21:35", "end": "00:21:39", "text": "would see this yield, I'm like that's"}, {"start": "00:21:37", "end": "00:21:40", "text": "that's unsustainable. Come on. There was"}, {"start": "00:21:39", "end": "00:21:43", "text": "a lot of people that said that was like"}, {"start": "00:21:40", "end": "00:21:44", "text": "the what they say it was the future of"}, {"start": "00:21:43", "end": "00:21:45", "text": "finance. That's what they would always"}, {"start": "00:21:44", "end": "00:21:48", "text": "say. I'm like, I don't understand what"}, {"start": "00:21:45", "end": "00:21:49", "text": "the hell it is. It's an algorithm,"}, {"start": "00:21:48", "end": "00:21:51", "text": "stable coin, something. I don't see why"}, {"start": "00:21:49", "end": "00:21:53", "text": "I can they can I don't see where they"}, {"start": "00:21:51", "end": "00:21:56", "text": "can get that kind of yield. I really"}, {"start": "00:21:53", "end": "00:22:01", "text": "stay away from it. I bought some, but I"}, {"start": "00:21:56", "end": "00:22:04", "text": "sold it and sold it too early. Oh well."}, {"start": "00:22:01", "end": "00:22:07", "text": "Concrete shea $1. That sounds pretty"}, {"start": "00:22:04", "end": "00:22:09", "text": "good. Okay, everybody's screenshot. Hem"}, {"start": "00:22:07", "end": "00:22:11", "text": "chadra."}, {"start": "00:22:09", "end": "00:22:12", "text": "Rob, can you do bottom prediction"}, {"start": "00:22:11", "end": "00:22:15", "text": "influencers make in the bare market?"}, {"start": "00:22:12", "end": "00:22:18", "text": "Yes, that's the plan because the plan is"}, {"start": "00:22:15", "end": "00:22:20", "text": "like I said like I can't go back in time"}, {"start": "00:22:18", "end": "00:22:22", "text": "and like and be like a you know a big"}, {"start": "00:22:20", "end": "00:22:24", "text": "gotcha website like oh I got you because"}, {"start": "00:22:22", "end": "00:22:27", "text": "you know you said this you said this. I"}, {"start": "00:22:24", "end": "00:22:30", "text": "just want people to be a little bit more"}, {"start": "00:22:27", "end": "00:22:35", "text": "careful and there's and the predictions"}, {"start": "00:22:30", "end": "00:22:38", "text": "carry weight right so if you are Joe"}, {"start": "00:22:35", "end": "00:22:40", "text": "blow87 right and you make a prediction"}, {"start": "00:22:38", "end": "00:22:43", "text": "but you have three followers the weight"}, {"start": "00:22:40", "end": "00:22:47", "text": "of you it doesn't damage as many people"}, {"start": "00:22:43", "end": "00:22:50", "text": "if you're wrong right but if you are one"}, {"start": "00:22:47", "end": "00:22:52", "text": "million followers and you are adamant"}, {"start": "00:22:50", "end": "00:22:54", "text": "about one thing and you keep doing this"}, {"start": "00:22:52", "end": "00:22:57", "text": "price prediction you're way off, you're"}, {"start": "00:22:54", "end": "00:23:02", "text": "going to be on the wall of shame"}, {"start": "00:22:57", "end": "00:23:04", "text": "and uh that's it. So, what I'll do is as"}, {"start": "00:23:02", "end": "00:23:06", "text": "time goes on, you know, we'll talk about"}, {"start": "00:23:04", "end": "00:23:08", "text": "like what's your end of end of year"}, {"start": "00:23:06", "end": "00:23:10", "text": "predictions,"}, {"start": "00:23:08", "end": "00:23:11", "text": "what is it uh for the bottoms, what is"}, {"start": "00:23:10", "end": "00:23:14", "text": "it for the tops, and you know, if you"}, {"start": "00:23:11", "end": "00:23:18", "text": "want to go 2029 like I did, sure, we'll"}, {"start": "00:23:14", "end": "00:23:19", "text": "set it out there. It ought to be fun."}, {"start": "00:23:18", "end": "00:23:21", "text": "But I'm just going to tell you right"}, {"start": "00:23:19", "end": "00:23:24", "text": "now, most everybody's going to be wrong."}, {"start": "00:23:21", "end": "00:23:25", "text": "No one's gonna hit it on the head. And"}, {"start": "00:23:24", "end": "00:23:28", "text": "uh it really comes down to who's gonna"}, {"start": "00:23:25", "end": "00:23:28", "text": "be the closest."}, {"start": "00:23:29", "end": "00:23:37", "text": "Let's see. Leisure says Tesla, Nvidia,"}, {"start": "00:23:33", "end": "00:23:41", "text": "solid. Bitcoin also solid. Solana, sure."}, {"start": "00:23:37", "end": "00:23:43", "text": "MU, Marvel. Oh, AMD. Yeah. Okay. Google,"}, {"start": "00:23:41", "end": "00:23:46", "text": "Palunteer, SpaceX. Looks like my"}, {"start": "00:23:43", "end": "00:23:50", "text": "portfolio just about. I have AMD. I have"}, {"start": "00:23:46", "end": "00:23:52", "text": "Google. Google, I think, is uh is a"}, {"start": "00:23:50", "end": "00:23:54", "text": "sleeper for the whole AI space. I did a"}, {"start": "00:23:52", "end": "00:23:55", "text": "whole video on on the second channel,"}, {"start": "00:23:54", "end": "00:23:59", "text": "links in the description, where I talk"}, {"start": "00:23:55", "end": "00:24:02", "text": "about AI and such, but uh we'll see how"}, {"start": "00:23:59", "end": "00:24:04", "text": "it goes. Yeah, it's not bad stuff,"}, {"start": "00:24:02", "end": "00:24:06", "text": "especially the Tesla. Me and Jerry talk"}, {"start": "00:24:04", "end": "00:24:08", "text": "about this every so often. He believes"}, {"start": "00:24:06", "end": "00:24:11", "text": "that everything will fold into Tesla"}, {"start": "00:24:08", "end": "00:24:15", "text": "into the company. So the SpaceX and the"}, {"start": "00:24:11", "end": "00:24:17", "text": "Boring Company and XAI"}, {"start": "00:24:15", "end": "00:24:19", "text": "and um"}, {"start": "00:24:17", "end": "00:24:21", "text": "the internet service,"}, {"start": "00:24:19", "end": "00:24:25", "text": "they'll all kind of come underneath"}, {"start": "00:24:21", "end": "00:24:25", "text": "Tesla Starlink"}, {"start": "00:24:26", "end": "00:24:30", "text": "gas fee. Everything is a VC pump and"}, {"start": "00:24:28", "end": "00:24:33", "text": "dump until pro otherwise. That is also a"}, {"start": "00:24:30", "end": "00:24:35", "text": "good rule, but that's what I say like"}, {"start": "00:24:33", "end": "00:24:39", "text": "it's a scam until pro otherwise. Pump"}, {"start": "00:24:35", "end": "00:24:39", "text": "and dumps are scams."}, {"start": "00:24:40", "end": "00:24:43", "text": "Yeah,"}, {"start": "00:24:46", "end": "00:24:51", "text": "James said James said to buy dot terra"}, {"start": "00:24:50", "end": "00:24:53", "text": "Luna. He praised Mashinsky and Bank of"}, {"start": "00:24:51", "end": "00:24:54", "text": "Freak calling them both the smartest men"}, {"start": "00:24:53", "end": "00:24:57", "text": "in the room. He told us to buy engine"}, {"start": "00:24:54", "end": "00:25:00", "text": "which made a f. He also shilled Michael."}, {"start": "00:24:57", "end": "00:25:02", "text": "Let's to be fair. I talked about I had"}, {"start": "00:25:00", "end": "00:25:05", "text": "Mashinsky on this channel as he lied to"}, {"start": "00:25:02", "end": "00:25:08", "text": "my face three or four times. That's that"}, {"start": "00:25:05", "end": "00:25:11", "text": "was true. I had, you know, Steve Erlick,"}, {"start": "00:25:08", "end": "00:25:13", "text": "the CEO of Voyager on. Now, he didn't"}, {"start": "00:25:11", "end": "00:25:14", "text": "lie to my face. He just just kind of"}, {"start": "00:25:13", "end": "00:25:17", "text": "neglected to tell me about that $640"}, {"start": "00:25:14", "end": "00:25:21", "text": "million earning collateralized loan."}, {"start": "00:25:17", "end": "00:25:23", "text": "So, that was on me. And uh as far as the"}, {"start": "00:25:21", "end": "00:25:24", "text": "micro strategy, I mean, that that one"}, {"start": "00:25:23", "end": "00:25:27", "text": "worked out pretty well. Now, the Dot and"}, {"start": "00:25:24", "end": "00:25:29", "text": "the Teroon, he's got to own that. That's"}, {"start": "00:25:27", "end": "00:25:32", "text": "just that's just how it goes. And that's"}, {"start": "00:25:29", "end": "00:25:34", "text": "fair. That's fair."}, {"start": "00:25:32", "end": "00:25:36", "text": "You slipped up, Dan. You said Solana"}, {"start": "00:25:34", "end": "00:25:38", "text": "normally. Yeah, I did."}, {"start": "00:25:36", "end": "00:25:40", "text": "So, try to log in here and my computer"}, {"start": "00:25:38", "end": "00:25:43", "text": "crashed. Meme, you're rich. You should"}, {"start": "00:25:40", "end": "00:25:47", "text": "get a a nice new computer. Have Mr. Meme"}, {"start": "00:25:43", "end": "00:25:50", "text": "buy you. Top of the line."}, {"start": "00:25:47", "end": "00:25:53", "text": "Apple Mac Pro. That would be it. And"}, {"start": "00:25:50", "end": "00:25:56", "text": "Joey says, \"Trump moves the market back"}, {"start": "00:25:53", "end": "00:26:00", "text": "and forward with every post. That's why"}, {"start": "00:25:56", "end": "00:26:03", "text": "I uh am invested into TA"}, {"start": "00:26:00", "end": "00:26:05", "text": "Trump analysis.\""}, {"start": "00:26:03", "end": "00:26:09", "text": "Anyhow, that's it for today everybody."}, {"start": "00:26:05", "end": "00:26:12", "text": "So look that see this week oh we got NFA"}, {"start": "00:26:09", "end": "00:26:15", "text": "live on uh this channel also don't"}, {"start": "00:26:12", "end": "00:26:15", "text": "forget"}, {"start": "00:26:16", "end": "00:26:21", "text": "that into what is it ITC"}, {"start": "00:26:23", "end": "00:26:28", "text": "don't forget there's going to be a uh a"}, {"start": "00:26:26", "end": "00:26:31", "text": "conference"}, {"start": "00:26:28", "end": "00:26:34", "text": "at uh Miami November 20th 22nd and I"}, {"start": "00:26:31", "end": "00:26:35", "text": "believe that you need a vacation look at"}, {"start": "00:26:34", "end": "00:26:37", "text": "what you've"}, {"start": "00:26:35", "end": "00:26:38", "text": "You've gone through the bare market"}, {"start": "00:26:37", "end": "00:26:41", "text": "again."}, {"start": "00:26:38", "end": "00:26:43", "text": "You're you're carrying the family. You"}, {"start": "00:26:41", "end": "00:26:45", "text": "got everything on your back. It's time"}, {"start": "00:26:43", "end": "00:26:48", "text": "to take a break. I want you to come to"}, {"start": "00:26:45", "end": "00:26:50", "text": "the ITC conference. It's in uh November"}, {"start": "00:26:48", "end": "00:26:52", "text": "20 22nd"}, {"start": "00:26:50", "end": "00:26:54", "text": "and you're going to see some fun people,"}, {"start": "00:26:52", "end": "00:26:56", "text": "right? I'll be there. I'll probably buy"}, {"start": "00:26:54", "end": "00:26:57", "text": "you a beer."}, {"start": "00:26:56", "end": "00:27:00", "text": "And if you'd like to go to this, there's"}, {"start": "00:26:57", "end": "00:27:03", "text": "a link in the description. 10% off. Some"}, {"start": "00:27:00", "end": "00:27:05", "text": "good good speakers."}, {"start": "00:27:03", "end": "00:27:08", "text": "And also in the next couple weeks, we'll"}, {"start": "00:27:05", "end": "00:27:11", "text": "be giving away some of those tickets,"}, {"start": "00:27:08", "end": "00:27:14", "text": "but I've only got like three."}, {"start": "00:27:11", "end": "00:27:16", "text": "But uh"}, {"start": "00:27:14", "end": "00:27:17", "text": "if you'd like to lock that price in,"}, {"start": "00:27:16", "end": "00:27:19", "text": "links in the description. That's pretty"}, {"start": "00:27:17", "end": "00:27:21", "text": "much it. All right, everybody. Thanks so"}, {"start": "00:27:19", "end": "00:27:24", "text": "much. I appreciate you. I'll see you in"}, {"start": "00:27:21", "end": "00:27:24", "text": "the next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "which"}, {"start": "00:00:03", "end": "00:00:08", "text": "Number three, no exchanges."}, {"start": "00:00:06", "end": "00:00:10", "text": "Don't leave your crypto on exchanges."}, {"start": "00:00:08", "end": "00:00:13", "text": "Now, do I follow that every time and I'm"}, {"start": "00:00:10", "end": "00:00:16", "text": "perfect? No. Sometimes I"}, {"start": "00:00:13", "end": "00:00:18", "text": "like my my Bitcoin order"}, {"start": "00:00:16", "end": "00:00:21", "text": "fires off on Cash App and I might not"}, {"start": "00:00:18", "end": "00:00:24", "text": "get to it for another week or so."}, {"start": "00:00:21", "end": "00:00:24", "text": "I mean, it does happen."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Hello everybody. Welcome to the Sunday"}, {"start": "00:00:02", "end": "00:00:07", "text": "stream with Jerry from Costa Rica."}, {"start": "00:00:05", "end": "00:00:09", "text": "Jerry, how's things going?"}, {"start": "00:00:07", "end": "00:00:11", "text": ">> Beautiful Costa Rica. Life is moving"}, {"start": "00:00:09", "end": "00:00:13", "text": "forward. Nice to have everybody with us"}, {"start": "00:00:11", "end": "00:00:16", "text": "today. Hello."}, {"start": "00:00:13", "end": "00:00:18", "text": ">> Yeah, welcome back everybody. I know how"}, {"start": "00:00:16", "end": "00:00:19", "text": "great this is in the bare market. So, I"}, {"start": "00:00:18", "end": "00:00:21", "text": "thought we would do something a little"}, {"start": "00:00:19", "end": "00:00:23", "text": "fun today because it's Sunday Funday."}, {"start": "00:00:21", "end": "00:00:24", "text": "And I don't do this too often because I"}, {"start": "00:00:23", "end": "00:00:26", "text": "think that price predictions are just"}, {"start": "00:00:24", "end": "00:00:29", "text": "worthless. They are. And they I think"}, {"start": "00:00:26", "end": "00:00:30", "text": "they set up people for failure. But I"}, {"start": "00:00:29", "end": "00:00:32", "text": "wanted to give something of like little"}, {"start": "00:00:30", "end": "00:00:33", "text": "entertainment value, get Jerry's"}, {"start": "00:00:32", "end": "00:00:36", "text": "feedback, and kind of see where my"}, {"start": "00:00:33", "end": "00:00:38", "text": "head's at right now with price"}, {"start": "00:00:36", "end": "00:00:41", "text": "prediction. So, before we get into it, a"}, {"start": "00:00:38", "end": "00:00:43", "text": "uh a little disclaimer. Everybody's"}, {"start": "00:00:41", "end": "00:00:47", "text": "wrong. Everybody."}, {"start": "00:00:43", "end": "00:00:49", "text": "So, there is a link in the description"}, {"start": "00:00:47", "end": "00:00:51", "text": "for these videos and for this"}, {"start": "00:00:49", "end": "00:00:54", "text": "presentation. I would urge you to go"}, {"start": "00:00:51", "end": "00:00:56", "text": "take a look at this. People have been"}, {"start": "00:00:54", "end": "00:00:59", "text": "wrong since the very beginning. And I"}, {"start": "00:00:56", "end": "00:01:00", "text": "did this video, this was like uh nine"}, {"start": "00:00:59", "end": "00:01:02", "text": "months ago, and I just kind of just"}, {"start": "00:01:00", "end": "00:01:05", "text": "talked about how everybody's wrong, even"}, {"start": "00:01:02", "end": "00:01:08", "text": "me. And I was the last one on the list."}, {"start": "00:01:05", "end": "00:01:11", "text": "And I tell you how I how I uh fumbled"}, {"start": "00:01:08", "end": "00:01:13", "text": "the ball. And then after this one, this"}, {"start": "00:01:11", "end": "00:01:15", "text": "I did an update. Everybody was wrong"}, {"start": "00:01:13", "end": "00:01:18", "text": "again. And this is in 2025. I did this"}, {"start": "00:01:15", "end": "00:01:19", "text": "like roughly six months ago or so. So,"}, {"start": "00:01:18", "end": "00:01:21", "text": "what I wanted to do was just to say"}, {"start": "00:01:19", "end": "00:01:23", "text": "like, hey, look, you know, price"}, {"start": "00:01:21", "end": "00:01:25", "text": "predictions are fun, but they're"}, {"start": "00:01:23", "end": "00:01:29", "text": "worthless, but they kind of can bring"}, {"start": "00:01:25", "end": "00:01:32", "text": "you down a little bit of a of a way to"}, {"start": "00:01:29", "end": "00:01:35", "text": "make you realize that you have to have a"}, {"start": "00:01:32", "end": "00:01:39", "text": "plan before you go into it instead of"}, {"start": "00:01:35", "end": "00:01:41", "text": "listening to these guys. Jerry, what do"}, {"start": "00:01:39", "end": "00:01:43", "text": "you remember back back in the day in"}, {"start": "00:01:41", "end": "00:01:45", "text": "2020, 2021 when we get these price"}, {"start": "00:01:43", "end": "00:01:47", "text": "predictions and then the last recent"}, {"start": "00:01:45", "end": "00:01:49", "text": "ones?"}, {"start": "00:01:47", "end": "00:01:51", "text": "I can tell you it and and this has"}, {"start": "00:01:49", "end": "00:01:55", "text": "carried with me for a long time. One of"}, {"start": "00:01:51", "end": "00:01:59", "text": "my most vivid like emotional memories of"}, {"start": "00:01:55", "end": "00:02:01", "text": "that time was how my lack of knowledge"}, {"start": "00:01:59", "end": "00:02:05", "text": "in understanding how markets truly work."}, {"start": "00:02:01", "end": "00:02:09", "text": "I did seek out mentors or talking heads"}, {"start": "00:02:05", "end": "00:02:10", "text": "that I could attach to and because I"}, {"start": "00:02:09", "end": "00:02:12", "text": "didn't necessarily know how things"}, {"start": "00:02:10", "end": "00:02:16", "text": "worked, I would listen to them, right?"}, {"start": "00:02:12", "end": "00:02:19", "text": "So I listened to Raul Powell, right? I I"}, {"start": "00:02:16", "end": "00:02:23", "text": "I I listen to Mike Novagrats. I I"}, {"start": "00:02:19", "end": "00:02:27", "text": "listened to uh uh"}, {"start": "00:02:23", "end": "00:02:30", "text": ">> Anthony Pompiano. And one of the things"}, {"start": "00:02:27", "end": "00:02:33", "text": "that was really interesting for me, my"}, {"start": "00:02:30", "end": "00:02:37", "text": "takeaway from that is regardless of how"}, {"start": "00:02:33", "end": "00:02:41", "text": "educated and knowledgeable a person is,"}, {"start": "00:02:37", "end": "00:02:44", "text": "the market is so big and so vast and has"}, {"start": "00:02:41", "end": "00:02:47", "text": "so many variables"}, {"start": "00:02:44", "end": "00:02:49", "text": "that nobody gets it right. Not even not"}, {"start": "00:02:47", "end": "00:02:51", "text": "even close. Like that that's the thing."}, {"start": "00:02:49", "end": "00:02:52", "text": "Like when I was when I was putting this"}, {"start": "00:02:51", "end": "00:02:54", "text": "together about how wrong they were, I"}, {"start": "00:02:52", "end": "00:02:57", "text": "took a look at these predictions and"}, {"start": "00:02:54", "end": "00:02:59", "text": "they were like astronomical crazy and"}, {"start": "00:02:57", "end": "00:03:01", "text": "and that would be like this, you know,"}, {"start": "00:02:59", "end": "00:03:03", "text": "the second one that I did. But I think"}, {"start": "00:03:01", "end": "00:03:05", "text": "the problem is just getting onto your"}, {"start": "00:03:03", "end": "00:03:07", "text": "point, Jerry, which is, you know, we"}, {"start": "00:03:05", "end": "00:03:10", "text": "have this like dichotomy. There's like a"}, {"start": "00:03:07", "end": "00:03:12", "text": "split. There's people on this this far,"}, {"start": "00:03:10", "end": "00:03:13", "text": "you know, very ultra-conservative, the"}, {"start": "00:03:12", "end": "00:03:16", "text": "Dan P�as, the Jimmy Diamonds are like"}, {"start": "00:03:13", "end": "00:03:18", "text": "it's going to zero. And then you got the"}, {"start": "00:03:16", "end": "00:03:20", "text": "drapers and the lees of the world going,"}, {"start": "00:03:18", "end": "00:03:22", "text": "it's going to a million, a bajillion,"}, {"start": "00:03:20", "end": "00:03:24", "text": "whatever else it is. And I think that's"}, {"start": "00:03:22", "end": "00:03:25", "text": "where people get stuck because they're"}, {"start": "00:03:24", "end": "00:03:27", "text": "like, \"Oh, well, you know, these guys"}, {"start": "00:03:25", "end": "00:03:29", "text": "and they've been in finance and you"}, {"start": "00:03:27", "end": "00:03:32", "text": "know, Draper got it right in 2014 when"}, {"start": "00:03:29", "end": "00:03:35", "text": "he bought a boatload of of Bitcoin from"}, {"start": "00:03:32", "end": "00:03:37", "text": "uh the uh it was an auction sale for the"}, {"start": "00:03:35", "end": "00:03:39", "text": "Department of Justice. Then Tom Lee's"}, {"start": "00:03:37", "end": "00:03:42", "text": "been been in in in finance for Trad for"}, {"start": "00:03:39", "end": "00:03:43", "text": "so long. They must get it right. You"}, {"start": "00:03:42", "end": "00:03:45", "text": "know, someone's got to be right. And"}, {"start": "00:03:43", "end": "00:03:48", "text": "it's not those guys because those guys"}, {"start": "00:03:45", "end": "00:03:50", "text": "don't agree with my my bags of Bitcoin"}, {"start": "00:03:48", "end": "00:03:52", "text": "and altcoins. Anyhow, that's that's"}, {"start": "00:03:50", "end": "00:03:53", "text": "that's how I see. I think we just need"}, {"start": "00:03:52", "end": "00:03:55", "text": "to be kind of like a little bit"}, {"start": "00:03:53", "end": "00:03:56", "text": "conservative in the middle or even more"}, {"start": "00:03:55", "end": "00:03:58", "text": "conservative, I hate to say this,"}, {"start": "00:03:56", "end": "00:04:01", "text": "towards like the Dan Penies of the"}, {"start": "00:03:58", "end": "00:04:02", "text": "world. I think I said that wrong, but"}, {"start": "00:04:01", "end": "00:04:06", "text": "Jerry, what's your thoughts?"}, {"start": "00:04:02", "end": "00:04:09", "text": ">> I I you know, here's the thing. Right"}, {"start": "00:04:06", "end": "00:04:11", "text": "and wrong really can only be understood"}, {"start": "00:04:09", "end": "00:04:15", "text": "in context of history,"}, {"start": "00:04:11", "end": "00:04:17", "text": "right? You can't predict right or wrong."}, {"start": "00:04:15", "end": "00:04:21", "text": "It's not a forwardlooking unit of"}, {"start": "00:04:17", "end": "00:04:25", "text": "measure. It can only be associated to a"}, {"start": "00:04:21", "end": "00:04:27", "text": "statement in history. Right? And so one"}, {"start": "00:04:25", "end": "00:04:31", "text": "of the things I've come to realize is"}, {"start": "00:04:27", "end": "00:04:34", "text": "that nobody can predict direction and"}, {"start": "00:04:31", "end": "00:04:37", "text": "spec specificity the the like the price"}, {"start": "00:04:34", "end": "00:04:40", "text": "on a given day. Like in October Bitcoin"}, {"start": "00:04:37", "end": "00:04:43", "text": "will be a million dollars. Anybody who"}, {"start": "00:04:40", "end": "00:04:47", "text": "utters those words"}, {"start": "00:04:43", "end": "00:04:49", "text": "is doing so for other reasons other than"}, {"start": "00:04:47", "end": "00:04:52", "text": "stating a fact. It's not a fact. It's"}, {"start": "00:04:49", "end": "00:04:54", "text": "speculation built on all these variables"}, {"start": "00:04:52", "end": "00:04:58", "text": "and most likely will not come true."}, {"start": "00:04:54", "end": "00:05:01", "text": "Right? And so um what I try to do is"}, {"start": "00:04:58", "end": "00:05:04", "text": "find the people who"}, {"start": "00:05:01", "end": "00:05:07", "text": "have an understanding of the trend"}, {"start": "00:05:04", "end": "00:05:10", "text": "and I've become more of a trend guy. I"}, {"start": "00:05:07", "end": "00:05:13", "text": "am in the camp that Bitcoin will be more"}, {"start": "00:05:10", "end": "00:05:14", "text": "valuable in the future than it is now."}, {"start": "00:05:13", "end": "00:05:18", "text": ">> Sure."}, {"start": "00:05:14", "end": "00:05:22", "text": ">> Right. And so I've created a strategy to"}, {"start": "00:05:18", "end": "00:05:25", "text": "invest that takes those things into"}, {"start": "00:05:22", "end": "00:05:27", "text": "account. I don't ever try to predict a"}, {"start": "00:05:25", "end": "00:05:29", "text": "top or a bottom. Like if you were to ask"}, {"start": "00:05:27", "end": "00:05:32", "text": "me, Jerry, do you think the bottom is in"}, {"start": "00:05:29", "end": "00:05:35", "text": "in Bitcoin? I would say there are a lot"}, {"start": "00:05:32", "end": "00:05:39", "text": "of indicators that say it is. However,"}, {"start": "00:05:35", "end": "00:05:42", "text": "we all know all it takes is one swan to"}, {"start": "00:05:39", "end": "00:05:45", "text": "pop in and or or a bunch of new"}, {"start": "00:05:42", "end": "00:05:47", "text": "information that was never known before"}, {"start": "00:05:45", "end": "00:05:51", "text": ">> and we could we could be down in the in"}, {"start": "00:05:47", "end": "00:05:55", "text": "the 30s in a week. That's how that's how"}, {"start": "00:05:51", "end": "00:05:59", "text": "this works. So, it's really tough to"}, {"start": "00:05:55", "end": "00:06:02", "text": "predict specificity specifics."}, {"start": "00:05:59", "end": "00:06:04", "text": ">> So, I try to to go with trend"}, {"start": "00:06:02", "end": "00:06:07", "text": ">> if that makes sense. So"}, {"start": "00:06:04", "end": "00:06:09", "text": ">> trend is your friend till the end and"}, {"start": "00:06:07", "end": "00:06:12", "text": "then it's not. But yeah, that would lead"}, {"start": "00:06:09", "end": "00:06:14", "text": "us to talking about as far as like"}, {"start": "00:06:12", "end": "00:06:16", "text": "trends and you know the historical part"}, {"start": "00:06:14", "end": "00:06:19", "text": "of it. This would be the big thing just"}, {"start": "00:06:16", "end": "00:06:21", "text": "to uh reiterate and to bring everybody"}, {"start": "00:06:19", "end": "00:06:24", "text": "back if you're not familiar and I'm sure"}, {"start": "00:06:21", "end": "00:06:26", "text": "most of you are. This is how everything"}, {"start": "00:06:24", "end": "00:06:27", "text": "is has played out and it's amazing how"}, {"start": "00:06:26", "end": "00:06:30", "text": "we get more data points how they become"}, {"start": "00:06:27", "end": "00:06:32", "text": "recurring themes. So it always starts"}, {"start": "00:06:30", "end": "00:06:34", "text": "with a having and you get an all-time"}, {"start": "00:06:32", "end": "00:06:37", "text": "high, a dip and a reset. That happened"}, {"start": "00:06:34", "end": "00:06:41", "text": "in 2012 to 2015. 2016 having all-time"}, {"start": "00:06:37", "end": "00:06:45", "text": "high dip reset. 2020 having all-time"}, {"start": "00:06:41", "end": "00:06:48", "text": "high 2021 dip reset. 2024 having 2025"}, {"start": "00:06:45", "end": "00:06:50", "text": "all-time high. We are in the dip stage"}, {"start": "00:06:48", "end": "00:06:54", "text": "which is the big bare market and we're"}, {"start": "00:06:50", "end": "00:06:56", "text": "going into a reset. And just be just"}, {"start": "00:06:54", "end": "00:06:58", "text": "before people say that's dumb because"}, {"start": "00:06:56", "end": "00:07:00", "text": "four years is just some type of"}, {"start": "00:06:58", "end": "00:07:03", "text": "self-fulfilling prophecy. You might be"}, {"start": "00:07:00", "end": "00:07:06", "text": "right. But I will tell you it's not just"}, {"start": "00:07:03", "end": "00:07:08", "text": "Bitcoin. It is also in the stock market"}, {"start": "00:07:06", "end": "00:07:10", "text": "traditional markets. It's also followed"}, {"start": "00:07:08", "end": "00:07:12", "text": "along a four-year cycle. Now I don't"}, {"start": "00:07:10", "end": "00:07:14", "text": "know if Satoshi Nakamoto put it out like"}, {"start": "00:07:12", "end": "00:07:17", "text": "that, but it lines up perfectly with the"}, {"start": "00:07:14", "end": "00:07:19", "text": "midterm years which we are in 2026 a"}, {"start": "00:07:17", "end": "00:07:21", "text": "midterm year. And that is the lowest"}, {"start": "00:07:19", "end": "00:07:22", "text": "time. And we can see here as far as"}, {"start": "00:07:21", "end": "00:07:25", "text": "stock projections and things over since"}, {"start": "00:07:22", "end": "00:07:27", "text": "1940, excuse me, 1923 I think it was."}, {"start": "00:07:25", "end": "00:07:30", "text": "You've got a midterm year is always the"}, {"start": "00:07:27", "end": "00:07:33", "text": "worst performing year. The midterm year"}, {"start": "00:07:30", "end": "00:07:35", "text": "is always the worst performing year. The"}, {"start": "00:07:33", "end": "00:07:37", "text": "midterm year is always the worst"}, {"start": "00:07:35", "end": "00:07:40", "text": "performing year. And that lines up with"}, {"start": "00:07:37", "end": "00:07:43", "text": "our dip and reset per years or mostly"}, {"start": "00:07:40", "end": "00:07:45", "text": "like the dips. So before I end this last"}, {"start": "00:07:43", "end": "00:07:47", "text": "part here,"}, {"start": "00:07:45", "end": "00:07:51", "text": "I've been in since 2017. Me and Jerry"}, {"start": "00:07:47", "end": "00:07:54", "text": "pretty much around the same time."}, {"start": "00:07:51", "end": "00:07:58", "text": "Every single blowoff top or actually"}, {"start": "00:07:54", "end": "00:08:01", "text": "going into the big blowoff top, people"}, {"start": "00:07:58", "end": "00:08:04", "text": "will say this in 2017 and 2018. Just"}, {"start": "00:08:01", "end": "00:08:06", "text": "just just wait for this to happen and"}, {"start": "00:08:04", "end": "00:08:09", "text": "it's going to blow up. That happened in"}, {"start": "00:08:06", "end": "00:08:13", "text": "2018, 2019. That happened in 2020 to"}, {"start": "00:08:09", "end": "00:08:16", "text": "2021. That happened right now in 2025."}, {"start": "00:08:13", "end": "00:08:19", "text": "Just wait for this thing to happen and"}, {"start": "00:08:16", "end": "00:08:20", "text": "it will blow up. Jerry, before I start"}, {"start": "00:08:19", "end": "00:08:23", "text": "to get into this, because I think we're"}, {"start": "00:08:20", "end": "00:08:26", "text": "in the prime, the premium time frame of"}, {"start": "00:08:23", "end": "00:08:28", "text": "what we were supposed to have, which was"}, {"start": "00:08:26", "end": "00:08:29", "text": "given to us, what's your thoughts on"}, {"start": "00:08:28", "end": "00:08:31", "text": "what we just went over as far as like"}, {"start": "00:08:29", "end": "00:08:33", "text": "midterm years and stuff like that?"}, {"start": "00:08:31", "end": "00:08:37", "text": ">> I I completely agree. There's no"}, {"start": "00:08:33", "end": "00:08:41", "text": "disputing historical fact. And in the"}, {"start": "00:08:37", "end": "00:08:43", "text": "topic of what are the catalysts"}, {"start": "00:08:41", "end": "00:08:45", "text": "for takeoff?"}, {"start": "00:08:43", "end": "00:08:49", "text": "Geez, I"}, {"start": "00:08:45", "end": "00:08:52", "text": ">> so vividly remember uh uh what we needed"}, {"start": "00:08:49", "end": "00:08:55", "text": "was we needed the corporate accounting"}, {"start": "00:08:52", "end": "00:09:00", "text": "structure to be able to account Bitcoin"}, {"start": "00:08:55", "end": "00:09:03", "text": "as a goto market product, not a you have"}, {"start": "00:09:00", "end": "00:09:04", "text": "to fix a price at your at its lowest"}, {"start": "00:09:03", "end": "00:09:08", "text": "point. Right."}, {"start": "00:09:04", "end": "00:09:11", "text": ">> Yeah. If we get that, boom, this will"}, {"start": "00:09:08", "end": "00:09:13", "text": "happen. And next, the ne very next year"}, {"start": "00:09:11", "end": "00:09:16", "text": "it was, well, if the SEC got off our"}, {"start": "00:09:13", "end": "00:09:19", "text": "back and and allowed Bitcoin ETFs to"}, {"start": "00:09:16", "end": "00:09:21", "text": "happen, boom, that would be the catalyst"}, {"start": "00:09:19", "end": "00:09:23", "text": "that take us to the stratosphere. It"}, {"start": "00:09:21", "end": "00:09:26", "text": "seemed like exactly every year there"}, {"start": "00:09:23", "end": "00:09:28", "text": "were three or four identified catalysts"}, {"start": "00:09:26", "end": "00:09:32", "text": "that would structurally"}, {"start": "00:09:28", "end": "00:09:36", "text": "be the foundation for the next great"}, {"start": "00:09:32", "end": "00:09:36", "text": "parabolic move to the upside. Um,"}, {"start": "00:09:36", "end": "00:09:38", "text": ">> yeah,"}, {"start": "00:09:36", "end": "00:09:42", "text": ">> I agree. And I and I was one of those"}, {"start": "00:09:38", "end": "00:09:44", "text": "guys that held my hopes on a lot of"}, {"start": "00:09:42", "end": "00:09:46", "text": "those catalysts."}, {"start": "00:09:44", "end": "00:09:48", "text": ">> Yeah, I did too. And those catalysts, I"}, {"start": "00:09:46", "end": "00:09:51", "text": "mean, they were they were not too far"}, {"start": "00:09:48", "end": "00:09:53", "text": "away. Again, it was it cames down to"}, {"start": "00:09:51", "end": "00:09:54", "text": "this. And why I want to bring this up is"}, {"start": "00:09:53", "end": "00:09:56", "text": "because we're going to take a look at"}, {"start": "00:09:54", "end": "00:09:57", "text": "return on investment from the all-time"}, {"start": "00:09:56", "end": "00:09:59", "text": "lows, the all-time highs, and then"}, {"start": "00:09:57", "end": "00:10:01", "text": "alltime highs to all-time highs. But"}, {"start": "00:09:59", "end": "00:10:04", "text": "when you take a look at this, I want you"}, {"start": "00:10:01", "end": "00:10:08", "text": "to think about what else could we have"}, {"start": "00:10:04", "end": "00:10:10", "text": "gotten to really push us in this frothy"}, {"start": "00:10:08", "end": "00:10:13", "text": "fantastic bull market which really"}, {"start": "00:10:10", "end": "00:10:15", "text": "wasn't that much of a blowoff top."}, {"start": "00:10:13", "end": "00:10:18", "text": "That's just me personally. So again,"}, {"start": "00:10:15", "end": "00:10:20", "text": "just wait for this and this will happen."}, {"start": "00:10:18", "end": "00:10:22", "text": "ETF I heard and Jerry talked about this."}, {"start": "00:10:20", "end": "00:10:24", "text": "I heard about this since I got in 2017."}, {"start": "00:10:22", "end": "00:10:26", "text": "Wait till this ETF comes because once it"}, {"start": "00:10:24", "end": "00:10:28", "text": "happens that means mainstream adoption"}, {"start": "00:10:26", "end": "00:10:31", "text": "and we're going to go to a million."}, {"start": "00:10:28", "end": "00:10:33", "text": "Okay, well that did happen and uh you"}, {"start": "00:10:31", "end": "00:10:35", "text": "know it was nice"}, {"start": "00:10:33", "end": "00:10:37", "text": "but a million I don't think that"}, {"start": "00:10:35", "end": "00:10:39", "text": "actually happened. But wait for this Rob"}, {"start": "00:10:37", "end": "00:10:41", "text": "because when the ETFs come that means"}, {"start": "00:10:39", "end": "00:10:44", "text": "that the big institutions come in you"}, {"start": "00:10:41", "end": "00:10:46", "text": "know the black rocks the fidelities"}, {"start": "00:10:44", "end": "00:10:49", "text": "the vanex the things like that those are"}, {"start": "00:10:46", "end": "00:10:52", "text": "it's g huge like yeah those also came"}, {"start": "00:10:49", "end": "00:10:54", "text": "and they're still here but operation"}, {"start": "00:10:52", "end": "00:10:56", "text": "chokepoint 2.0 I know Rob and you know"}, {"start": "00:10:54", "end": "00:10:59", "text": "once the government comes in and and and"}, {"start": "00:10:56", "end": "00:11:01", "text": "is uh for us which will happen they said"}, {"start": "00:10:59", "end": "00:11:02", "text": "which they were right then watch it go"}, {"start": "00:11:01", "end": "00:11:04", "text": "up and to the right because government"}, {"start": "00:11:02", "end": "00:11:06", "text": "support that's all we need and then if"}, {"start": "00:11:04", "end": "00:11:08", "text": "we get the government support then the"}, {"start": "00:11:06", "end": "00:11:10", "text": "CFCC and the SEC will be in you know"}, {"start": "00:11:08", "end": "00:11:12", "text": "when Gary Gendzler steps down that's"}, {"start": "00:11:10", "end": "00:11:14", "text": "when we go to a million Rob okay and"}, {"start": "00:11:12", "end": "00:11:16", "text": "then if we could just get sleepy Joe"}, {"start": "00:11:14", "end": "00:11:18", "text": "Biden if that could be the best thing of"}, {"start": "00:11:16", "end": "00:11:20", "text": "all time if we could get rid of Joe"}, {"start": "00:11:18", "end": "00:11:24", "text": "Biden"}, {"start": "00:11:20", "end": "00:11:25", "text": "then we need a pro pro- crypto president"}, {"start": "00:11:24", "end": "00:11:28", "text": "and things will go up on the right and"}, {"start": "00:11:25", "end": "00:11:30", "text": "that's easy. H half 500,000 to a"}, {"start": "00:11:28", "end": "00:11:31", "text": "million. Now little do we know he was a"}, {"start": "00:11:30", "end": "00:11:34", "text": "crypto president but it was for meme"}, {"start": "00:11:31", "end": "00:11:36", "text": "coins and he made a boatload of money."}, {"start": "00:11:34", "end": "00:11:38", "text": "And then lastly you got to learn from"}, {"start": "00:11:36", "end": "00:11:39", "text": "your mistakes because you know if we can"}, {"start": "00:11:38", "end": "00:11:42", "text": "learn from mistakes from the Voyager"}, {"start": "00:11:39", "end": "00:11:44", "text": "Celsius Luna FTX then we won't do that"}, {"start": "00:11:42", "end": "00:11:47", "text": "again which is true. We didn't. I don't"}, {"start": "00:11:44", "end": "00:11:48", "text": "think anything's collapsed so far."}, {"start": "00:11:47", "end": "00:11:50", "text": "digital asset treasury is going to come"}, {"start": "00:11:48", "end": "00:11:52", "text": "in strategy and a whole host different"}, {"start": "00:11:50", "end": "00:11:54", "text": "ones which that actually did come in and"}, {"start": "00:11:52", "end": "00:11:56", "text": "micro strategy did sell a little bit and"}, {"start": "00:11:54", "end": "00:11:58", "text": "nothing collapsed but you know all this"}, {"start": "00:11:56", "end": "00:11:59", "text": "time and then also when you get a"}, {"start": "00:11:58", "end": "00:12:02", "text": "four-year cycle momentum you put all"}, {"start": "00:11:59", "end": "00:12:05", "text": "this together Rob"}, {"start": "00:12:02", "end": "00:12:10", "text": "250,000 half a million dollars$1 million"}, {"start": "00:12:05", "end": "00:12:13", "text": "well didn't work out like that so we"}, {"start": "00:12:10", "end": "00:12:15", "text": "take a look here when when me and before"}, {"start": "00:12:13", "end": "00:12:18", "text": "I get into this let me let me ask Jerry"}, {"start": "00:12:15", "end": "00:12:20", "text": "because he's was here when I was here."}, {"start": "00:12:18", "end": "00:12:21", "text": ">> Jerry, do you remember those those"}, {"start": "00:12:20", "end": "00:12:24", "text": "talking points?"}, {"start": "00:12:21", "end": "00:12:29", "text": ">> Every one of those catalysts I was right"}, {"start": "00:12:24", "end": "00:12:31", "text": "there and agreed with 100%. I was like,"}, {"start": "00:12:29", "end": "00:12:34", "text": "if these things happen, we will have the"}, {"start": "00:12:31", "end": "00:12:36", "text": "structural foundation"}, {"start": "00:12:34", "end": "00:12:39", "text": "for these for these moves up and to the"}, {"start": "00:12:36", "end": "00:12:42", "text": "right, right? these these parabolic"}, {"start": "00:12:39", "end": "00:12:47", "text": "explosions because what they represented"}, {"start": "00:12:42", "end": "00:12:49", "text": "was astronomical pools of capital into"}, {"start": "00:12:47", "end": "00:12:52", "text": "the asset class that otherwise were"}, {"start": "00:12:49", "end": "00:12:55", "text": "prohibited from entry and and they were"}, {"start": "00:12:52", "end": "00:12:59", "text": "there waiting. They It's like they had"}, {"start": "00:12:55", "end": "00:13:02", "text": "their big old bags of cash just waiting"}, {"start": "00:12:59", "end": "00:13:06", "text": "to deploy once these structural elements"}, {"start": "00:13:02", "end": "00:13:08", "text": "were in place. And hello. All those"}, {"start": "00:13:06", "end": "00:13:11", "text": "everything you just showed has come to"}, {"start": "00:13:08", "end": "00:13:12", "text": "fruition. And what are we sitting at? 63"}, {"start": "00:13:11", "end": "00:13:13", "text": "grand."}, {"start": "00:13:12", "end": "00:13:14", "text": ">> Yeah, something like that. It's pretty"}, {"start": "00:13:13", "end": "00:13:16", "text": "good. I'll take 63 grand. Not"}, {"start": "00:13:14", "end": "00:13:18", "text": ">> bad. It's not if if you bought in when"}, {"start": "00:13:16", "end": "00:13:21", "text": "we were able to buy in early early."}, {"start": "00:13:18", "end": "00:13:23", "text": "We're I'm not complaining, folks."}, {"start": "00:13:21", "end": "00:13:24", "text": "However, it's nowhere near where I"}, {"start": "00:13:23", "end": "00:13:25", "text": "thought it would be."}, {"start": "00:13:24", "end": "00:13:28", "text": ">> Yeah, I think it's a lot of people. And"}, {"start": "00:13:25", "end": "00:13:29", "text": "again, just watch that those videos."}, {"start": "00:13:28", "end": "00:13:32", "text": "Everybody was wrong. And you'll see how"}, {"start": "00:13:29", "end": "00:13:33", "text": "wrong they were and how big it was. Even"}, {"start": "00:13:32", "end": "00:13:34", "text": "me, I even show you my price"}, {"start": "00:13:33", "end": "00:13:37", "text": "predictions, which is why I try not to"}, {"start": "00:13:34", "end": "00:13:39", "text": "do them too much. But as long as I I"}, {"start": "00:13:37", "end": "00:13:40", "text": "think here in this in this environment,"}, {"start": "00:13:39", "end": "00:13:43", "text": "I think I've got a lot of the OGs."}, {"start": "00:13:40", "end": "00:13:44", "text": "Everybody here is an OG in my opinion."}, {"start": "00:13:43", "end": "00:13:46", "text": "Everybody who's here watching this"}, {"start": "00:13:44", "end": "00:13:47", "text": "video, they know what time it is."}, {"start": "00:13:46", "end": "00:13:49", "text": "They've already been through a cycle,"}, {"start": "00:13:47", "end": "00:13:51", "text": "two, three, sometimes even four. So,"}, {"start": "00:13:49", "end": "00:13:53", "text": "this hasn't it's not a big thing. It's"}, {"start": "00:13:51", "end": "00:13:55", "text": "just for a little entertainment. But"}, {"start": "00:13:53", "end": "00:13:56", "text": "anyhow, getting back to this part here,"}, {"start": "00:13:55", "end": "00:13:57", "text": "there's two things we want to look at."}, {"start": "00:13:56", "end": "00:14:00", "text": "All-time low to all-time high and"}, {"start": "00:13:57", "end": "00:14:03", "text": "alltime high to all-time high. It's"}, {"start": "00:14:00", "end": "00:14:06", "text": "interesting the return on investment how"}, {"start": "00:14:03", "end": "00:14:08", "text": "it actually reduces. And this is normal,"}, {"start": "00:14:06", "end": "00:14:10", "text": "right? We didn't get in when Bitcoin was"}, {"start": "00:14:08", "end": "00:14:11", "text": "a dollar. Maybe some of you did and"}, {"start": "00:14:10", "end": "00:14:14", "text": "you're, you know, listening to this from"}, {"start": "00:14:11", "end": "00:14:17", "text": "your yacht. As you go along your private"}, {"start": "00:14:14", "end": "00:14:19", "text": "islands, congratulations. But we take a"}, {"start": "00:14:17", "end": "00:14:21", "text": "look at all time all-time lows to"}, {"start": "00:14:19", "end": "00:14:22", "text": "all-time highs. This is the time to buy."}, {"start": "00:14:21", "end": "00:14:24", "text": "And this is when me and Jerry are"}, {"start": "00:14:22", "end": "00:14:27", "text": "buying. A lot of people are buying."}, {"start": "00:14:24", "end": "00:14:29", "text": "Well, the smart ones reasonably. Look at"}, {"start": "00:14:27", "end": "00:14:31", "text": "this. from the all-time low to the"}, {"start": "00:14:29", "end": "00:14:33", "text": "all-time high. Remember in 2013 we were"}, {"start": "00:14:31", "end": "00:14:36", "text": "at $1,000 somewhere around there and"}, {"start": "00:14:33", "end": "00:14:38", "text": "then the cycle collapsed to only 172"}, {"start": "00:14:36", "end": "00:14:40", "text": "bucks and everybody's like, \"Ah, look at"}, {"start": "00:14:38", "end": "00:14:42", "text": "those morons with their internet nerd"}, {"start": "00:14:40", "end": "00:14:44", "text": "money. It's never going to go anywhere."}, {"start": "00:14:42", "end": "00:14:48", "text": "Good luck, losers.\" And then it went"}, {"start": "00:14:44", "end": "00:14:50", "text": "from 172 to 20,000. That's a 16x. I'll"}, {"start": "00:14:48", "end": "00:14:53", "text": "take that."}, {"start": "00:14:50", "end": "00:14:58", "text": "And then it fell down to 3,217. Again,"}, {"start": "00:14:53", "end": "00:14:59", "text": "nerds, losers, what are you doing?"}, {"start": "00:14:58", "end": "00:15:03", "text": "Well, we'll just buy right here. And we"}, {"start": "00:14:59", "end": "00:15:04", "text": "did a 21x 3,27. But again, remember this"}, {"start": "00:15:03", "end": "00:15:07", "text": "is from the lowest to the low points. So"}, {"start": "00:15:04", "end": "00:15:11", "text": "the highest of the highs"}, {"start": "00:15:07", "end": "00:15:14", "text": "21x. So 116x to a 21x."}, {"start": "00:15:11", "end": "00:15:18", "text": "What is that like a 5.5"}, {"start": "00:15:14", "end": "00:15:20", "text": "6 multiple reduction? I mean 20 and 116."}, {"start": "00:15:18", "end": "00:15:23", "text": "That's a reduction in return investment"}, {"start": "00:15:20", "end": "00:15:25", "text": "I would say. And then we went from 67"}, {"start": "00:15:23", "end": "00:15:27", "text": "down to 15,742."}, {"start": "00:15:25", "end": "00:15:29", "text": "remember FTX, Voyager, Cell, CS3,"}, {"start": "00:15:27", "end": "00:15:31", "text": "Arrows, Capital, you name it, it"}, {"start": "00:15:29", "end": "00:15:36", "text": "collapsed."}, {"start": "00:15:31", "end": "00:15:38", "text": "And then from the 15,72, we did an 8x."}, {"start": "00:15:36", "end": "00:15:39", "text": "That's not too bad. So, here's my"}, {"start": "00:15:38", "end": "00:15:41", "text": "thought process, and we'll go over the"}, {"start": "00:15:39", "end": "00:15:46", "text": "uh all-time high to alltime high. You go"}, {"start": "00:15:41", "end": "00:15:48", "text": "from 116x to 21x to 8x. Jerry, I'm going"}, {"start": "00:15:46", "end": "00:15:49", "text": "to do some quick math here. That's a"}, {"start": "00:15:48", "end": "00:15:50", "text": "reduction, right? That's a that's a"}, {"start": "00:15:49", "end": "00:15:51", "text": "minus."}, {"start": "00:15:50", "end": "00:15:53", "text": ">> Yes."}, {"start": "00:15:51", "end": "00:15:55", "text": ">> Okay. Just making sure. So, like if we"}, {"start": "00:15:53", "end": "00:15:57", "text": "just go like 160 and 21. Okay. About a"}, {"start": "00:15:55", "end": "00:16:00", "text": "six. And then 21 to 8. What is that?"}, {"start": "00:15:57", "end": "00:16:03", "text": "Like a third. And then 8 to to whatever"}, {"start": "00:16:00", "end": "00:16:07", "text": "it is next time. Maybe it's a 3x from"}, {"start": "00:16:03", "end": "00:16:12", "text": "the low. What's the low? Roughly 58,000."}, {"start": "00:16:07", "end": "00:16:14", "text": "58* 3 174 173. Correct. I'm just doing"}, {"start": "00:16:12", "end": "00:16:17", "text": "the top of my head. 173 175,000"}, {"start": "00:16:14", "end": "00:16:20", "text": "somewhere around there. That's where we"}, {"start": "00:16:17", "end": "00:16:22", "text": "could go. And that's somewhat"}, {"start": "00:16:20", "end": "00:16:24", "text": "conservative, but I'm going to go even"}, {"start": "00:16:22", "end": "00:16:25", "text": "lower than that. Jerry, before we go"}, {"start": "00:16:24", "end": "00:16:26", "text": "down to the next one, what's your"}, {"start": "00:16:25", "end": "00:16:29", "text": "thoughts on this?"}, {"start": "00:16:26", "end": "00:16:32", "text": ">> Well, here's the Okay,"}, {"start": "00:16:29", "end": "00:16:34", "text": "there is a tremendous amount of validity"}, {"start": "00:16:32", "end": "00:16:36", "text": "in your the way you're you're framing"}, {"start": "00:16:34", "end": "00:16:41", "text": "this in your mind. I think the one part"}, {"start": "00:16:36", "end": "00:16:44", "text": "that isn't being accounted for is the"}, {"start": "00:16:41", "end": "00:16:46", "text": "sheer fact of there's only 21 million"}, {"start": "00:16:44", "end": "00:16:50", "text": "ever going to be and X amount of that 21"}, {"start": "00:16:46", "end": "00:16:52", "text": "million we can reasonably say is lost."}, {"start": "00:16:50", "end": "00:16:55", "text": "meaning there's only X available in the"}, {"start": "00:16:52", "end": "00:17:00", "text": "pool and a lot of that is already locked"}, {"start": "00:16:55", "end": "00:17:02", "text": "up in what we'll call laser laser eyes,"}, {"start": "00:17:00", "end": "00:17:03", "text": "right? You know,"}, {"start": "00:17:02", "end": "00:17:05", "text": ">> laser"}, {"start": "00:17:03", "end": "00:17:10", "text": ">> toddlers to the end. And so the free"}, {"start": "00:17:05", "end": "00:17:14", "text": "flow of the asset is basically coming"}, {"start": "00:17:10", "end": "00:17:16", "text": "from miners, right? that is the we'll"}, {"start": "00:17:14", "end": "00:17:18", "text": "say the majority of what will be"}, {"start": "00:17:16", "end": "00:17:21", "text": "available for purchase will be the new"}, {"start": "00:17:18", "end": "00:17:23", "text": "Bitcoin coming into circulation from the"}, {"start": "00:17:21", "end": "00:17:26", "text": "algorithm."}, {"start": "00:17:23", "end": "00:17:30", "text": "um we've never had assets like that in"}, {"start": "00:17:26", "end": "00:17:32", "text": "the past to model forward"}, {"start": "00:17:30", "end": "00:17:34", "text": "predictions on"}, {"start": "00:17:32", "end": "00:17:37", "text": ">> and so I think I think that's the part"}, {"start": "00:17:34", "end": "00:17:40", "text": "that a lot of that looking forward like"}, {"start": "00:17:37", "end": "00:17:44", "text": "the 3x and the 4x"}, {"start": "00:17:40", "end": "00:17:47", "text": ">> this is such a supply and demand asset"}, {"start": "00:17:44", "end": "00:17:50", "text": "it's not a market asset it's a supply"}, {"start": "00:17:47", "end": "00:17:52", "text": "and demand asset so the price will"}, {"start": "00:17:50", "end": "00:17:54", "text": "actually be stated"}, {"start": "00:17:52", "end": "00:17:57", "text": "off of the open markets that are"}, {"start": "00:17:54", "end": "00:18:02", "text": "reporting the sale and purchases, right?"}, {"start": "00:17:57", "end": "00:18:05", "text": "So, um, are contracts being established"}, {"start": "00:18:02", "end": "00:18:07", "text": "where miners are pre-elling Bitcoin that"}, {"start": "00:18:05", "end": "00:18:09", "text": "they're going to generate at specific"}, {"start": "00:18:07", "end": "00:18:12", "text": "market prices, therefore never hitting"}, {"start": "00:18:09", "end": "00:18:15", "text": "the retail market, therefore never being"}, {"start": "00:18:12", "end": "00:18:18", "text": "never adjusting in the retail price that"}, {"start": "00:18:15", "end": "00:18:19", "text": "we see through through open disclosed"}, {"start": "00:18:18", "end": "00:18:22", "text": "sales"}, {"start": "00:18:19", "end": "00:18:24", "text": ">> in in marketplaces. I'm not totally sure"}, {"start": "00:18:22", "end": "00:18:26", "text": "how that's going to work in the future,"}, {"start": "00:18:24", "end": "00:18:28", "text": "but I can tell you there's fewer and"}, {"start": "00:18:26", "end": "00:18:30", "text": "fewer Bitcoin being"}, {"start": "00:18:28", "end": "00:18:33", "text": "available."}, {"start": "00:18:30", "end": "00:18:37", "text": "Therefore, if demand continues to"}, {"start": "00:18:33", "end": "00:18:41", "text": "outstretch, we could see you could see"}, {"start": "00:18:37", "end": "00:18:44", "text": "10 20 30 40x"}, {"start": "00:18:41", "end": "00:18:47", "text": "moves in the market when you factor in"}, {"start": "00:18:44", "end": "00:18:48", "text": "leverage,"}, {"start": "00:18:47", "end": "00:18:48", "text": ">> right?"}, {"start": "00:18:48", "end": "00:18:51", "text": ">> Right."}, {"start": "00:18:48", "end": "00:18:53", "text": ">> Etc., etc. So, so there are a lot of"}, {"start": "00:18:51", "end": "00:18:55", "text": "these dynamics in play that I think it's"}, {"start": "00:18:53", "end": "00:18:58", "text": "really hard for us to model because"}, {"start": "00:18:55", "end": "00:18:59", "text": "there's never been anything like this"}, {"start": "00:18:58", "end": "00:19:02", "text": "before."}, {"start": "00:18:59", "end": "00:19:04", "text": ">> And all we can do is kind of say, well,"}, {"start": "00:19:02", "end": "00:19:07", "text": "we we know we the known amount of"}, {"start": "00:19:04", "end": "00:19:10", "text": "Bitcoin being produced that's known."}, {"start": "00:19:07", "end": "00:19:15", "text": ">> We can extrapolate a demand for it. And"}, {"start": "00:19:10", "end": "00:19:17", "text": "then we can even speculate a level of"}, {"start": "00:19:15", "end": "00:19:21", "text": "we'll call it leverage on that and how"}, {"start": "00:19:17", "end": "00:19:23", "text": "that will impact retail price. Maybe we"}, {"start": "00:19:21", "end": "00:19:26", "text": "should do an we should have AI build an"}, {"start": "00:19:23", "end": "00:19:28", "text": "algorithm to do this prediction for us"}, {"start": "00:19:26", "end": "00:19:30", "text": "and see what it comes up with. But I"}, {"start": "00:19:28", "end": "00:19:34", "text": "think it's I think you're going to see"}, {"start": "00:19:30", "end": "00:19:37", "text": "moves much greater than 3x at times"}, {"start": "00:19:34", "end": "00:19:39", "text": "pending demand."}, {"start": "00:19:37", "end": "00:19:41", "text": "3x from a specific point, not 3x from"}, {"start": "00:19:39", "end": "00:19:42", "text": "alltime lows. You're saying"}, {"start": "00:19:41", "end": "00:19:43", "text": ">> correct?"}, {"start": "00:19:42", "end": "00:19:46", "text": ">> Right. So, that could be"}, {"start": "00:19:43", "end": "00:19:49", "text": ">> it could be that could be 10x the low."}, {"start": "00:19:46", "end": "00:19:51", "text": ">> Yeah. You know, I mean, it can be, but I"}, {"start": "00:19:49", "end": "00:19:53", "text": "I'll tell you I'll just I'll just throw"}, {"start": "00:19:51", "end": "00:19:55", "text": "it to this real quick, which is if we do"}, {"start": "00:19:53", "end": "00:19:57", "text": "that and we say, \"Okay, well, we could"}, {"start": "00:19:55", "end": "00:20:00", "text": "do like instead of a 3x, we do a 6x or a"}, {"start": "00:19:57", "end": "00:20:02", "text": "10x from whatever else.\" My question is,"}, {"start": "00:20:00", "end": "00:20:04", "text": "you know, this last cycle, it seemed"}, {"start": "00:20:02", "end": "00:20:07", "text": "like we had it all. I mean, and then"}, {"start": "00:20:04", "end": "00:20:09", "text": "demand, you know, we talk about demand"}, {"start": "00:20:07", "end": "00:20:12", "text": "and we talk about leverage, and we talk"}, {"start": "00:20:09", "end": "00:20:15", "text": "about, you know, nation states buying up"}, {"start": "00:20:12", "end": "00:20:17", "text": "Bitcoin, which they are. And the only"}, {"start": "00:20:15", "end": "00:20:19", "text": "thing that's that that's I I guess that"}, {"start": "00:20:17", "end": "00:20:21", "text": "would be missing from this right here is"}, {"start": "00:20:19", "end": "00:20:24", "text": "making Bitcoin a world reserve currency,"}, {"start": "00:20:21", "end": "00:20:25", "text": "which is not going to happen. Sorry. Not"}, {"start": "00:20:24", "end": "00:20:27", "text": "anytime soon. Not in my lifetime. I"}, {"start": "00:20:25", "end": "00:20:32", "text": "don't think it could, but I mean, come"}, {"start": "00:20:27", "end": "00:20:34", "text": "on. And then the uh Federal Reserve."}, {"start": "00:20:32", "end": "00:20:36", "text": ">> Exactly. central bank."}, {"start": "00:20:34", "end": "00:20:38", "text": ">> Yeah."}, {"start": "00:20:36", "end": "00:20:39", "text": ">> Is that the Fed did not lower their"}, {"start": "00:20:38", "end": "00:20:41", "text": "overnight rate"}, {"start": "00:20:39", "end": "00:20:42", "text": ">> and and that's just it like so like if"}, {"start": "00:20:41", "end": "00:20:44", "text": "if we look at that and go demand like"}, {"start": "00:20:42", "end": "00:20:46", "text": "like what else do we need? I mean for"}, {"start": "00:20:44", "end": "00:20:48", "text": "Pete's sakes and then like like people"}, {"start": "00:20:46", "end": "00:20:51", "text": "say well you know Donald J. Trump was"}, {"start": "00:20:48", "end": "00:20:54", "text": "the crypto president but mostly for him."}, {"start": "00:20:51", "end": "00:20:56", "text": "I gotta tell you, uh, if there's a"}, {"start": "00:20:54", "end": "00:20:58", "text": "different president coming in, I'm gonna"}, {"start": "00:20:56", "end": "00:21:00", "text": "tell you, they're not going to be,"}, {"start": "00:20:58", "end": "00:21:02", "text": "especially on on on the other side, uh,"}, {"start": "00:21:00", "end": "00:21:04", "text": "they're not going to be very tolerable"}, {"start": "00:21:02", "end": "00:21:05", "text": "for Bitcoin. Not that Bitcoin needs it,"}, {"start": "00:21:04", "end": "00:21:07", "text": "but I'm just saying if you want to talk"}, {"start": "00:21:05", "end": "00:21:10", "text": "about like what the factors are. So,"}, {"start": "00:21:07", "end": "00:21:13", "text": "there's all-time lows to alltime highs,"}, {"start": "00:21:10", "end": "00:21:16", "text": "and then also, but people say, \"Well,"}, {"start": "00:21:13", "end": "00:21:17", "text": "wait, what about the all-time highs, the"}, {"start": "00:21:16", "end": "00:21:19", "text": "all-time highs?\" Because that was"}, {"start": "00:21:17", "end": "00:21:22", "text": "pretty, and it was, it was awesome. If"}, {"start": "00:21:19", "end": "00:21:27", "text": "you would have bought in 2011"}, {"start": "00:21:22", "end": "00:21:30", "text": "instead of, you know, maybe being in"}, {"start": "00:21:27", "end": "00:21:33", "text": "grade school, some of you, then uh you"}, {"start": "00:21:30", "end": "00:21:36", "text": "would have you could have bought Bitcoin"}, {"start": "00:21:33", "end": "00:21:39", "text": "and been done a 40x. Why could you not"}, {"start": "00:21:36", "end": "00:21:42", "text": "stop going to kindergarten and buy that?"}, {"start": "00:21:39", "end": "00:21:44", "text": "So, we had 40x. Then, of course, 2013,"}, {"start": "00:21:42", "end": "00:21:45", "text": "2017, it was a 16x. Again, this is"}, {"start": "00:21:44", "end": "00:21:47", "text": "all-time highs to alltime highs, which"}, {"start": "00:21:45", "end": "00:21:49", "text": "is the wrong time to buy. It's a great"}, {"start": "00:21:47", "end": "00:21:52", "text": "time to sell."}, {"start": "00:21:49", "end": "00:21:55", "text": "But even if you screwed up like I did"}, {"start": "00:21:52", "end": "00:21:57", "text": "2017, I bought around 17,500"}, {"start": "00:21:55", "end": "00:21:59", "text": "and you just wait and it goes to 67,000."}, {"start": "00:21:57", "end": "00:22:01", "text": "That's like roughly Well, that's more"}, {"start": "00:21:59", "end": "00:22:03", "text": "than 3.4, but just from highs to highest"}, {"start": "00:22:01", "end": "00:22:05", "text": "3.4"}, {"start": "00:22:03", "end": "00:22:09", "text": "and then 67"}, {"start": "00:22:05", "end": "00:22:13", "text": "in 2021 to October 6, 1.8x. Jerry, quick"}, {"start": "00:22:09", "end": "00:22:16", "text": "math again. 40x minus 60. Okay, that's a"}, {"start": "00:22:13", "end": "00:22:19", "text": "negative. All right, just making sure."}, {"start": "00:22:16", "end": "00:22:22", "text": "So that's that's 60% down I think"}, {"start": "00:22:19", "end": "00:22:25", "text": "somewhere around there. 16x to 3.4x is"}, {"start": "00:22:22", "end": "00:22:29", "text": "is quite a drop."}, {"start": "00:22:25", "end": "00:22:32", "text": "So we say whatever 47% and then uh 3.4x"}, {"start": "00:22:29", "end": "00:22:35", "text": "to 1.8x"}, {"start": "00:22:32", "end": "00:22:38", "text": "that yeah it's also a drop. So roughly"}, {"start": "00:22:35", "end": "00:22:40", "text": "50% drop for like return on investment."}, {"start": "00:22:38", "end": "00:22:42", "text": "So I'm like okay let's just be"}, {"start": "00:22:40", "end": "00:22:44", "text": "conservative instead of being you know"}, {"start": "00:22:42", "end": "00:22:46", "text": "fill in the blank."}, {"start": "00:22:44", "end": "00:22:49", "text": "This is going to a bajillion person. And"}, {"start": "00:22:46", "end": "00:22:52", "text": "let's just say it goes from 40x, 16x,"}, {"start": "00:22:49", "end": "00:22:56", "text": "3.4x, 1.8x. Let's just do 1.5. So what's"}, {"start": "00:22:52", "end": "00:22:58", "text": "1.5 time 126? You're looking at like"}, {"start": "00:22:56", "end": "00:22:59", "text": "180, 190, I think, somewhere around"}, {"start": "00:22:58", "end": "00:23:00", "text": "there. Correct me in the comments"}, {"start": "00:22:59", "end": "00:23:02", "text": "section. Do the math."}, {"start": "00:23:00", "end": "00:23:05", "text": ">> Almost two."}, {"start": "00:23:02", "end": "00:23:08", "text": ">> Yeah, because 125 times two, you're"}, {"start": "00:23:05", "end": "00:23:12", "text": "looking at 250. That can't be it. And"}, {"start": "00:23:08", "end": "00:23:15", "text": "then so 1.5 time and then 60"}, {"start": "00:23:12", "end": "00:23:16", "text": "180 somewhere around there. Got it. So"}, {"start": "00:23:15", "end": "00:23:19", "text": "that's where I'm think that's where my"}, {"start": "00:23:16", "end": "00:23:21", "text": "head's at as far as like this. But then"}, {"start": "00:23:19", "end": "00:23:23", "text": "here's another thing that makes sense"}, {"start": "00:23:21", "end": "00:23:26", "text": "and that's rational, but is that where"}, {"start": "00:23:23", "end": "00:23:27", "text": "you should wait for and sell? Jerry,"}, {"start": "00:23:26", "end": "00:23:32", "text": "this goes to you."}, {"start": "00:23:27", "end": "00:23:34", "text": ">> Who who again back to uh"}, {"start": "00:23:32", "end": "00:23:36", "text": "for me? I've come I've come to rely on"}, {"start": "00:23:34", "end": "00:23:40", "text": "the good oldfashioned dollar cost"}, {"start": "00:23:36", "end": "00:23:43", "text": "average and I've completely accepted"}, {"start": "00:23:40", "end": "00:23:46", "text": "that that's my lot in life. Yeah,"}, {"start": "00:23:43", "end": "00:23:49", "text": ">> I will be a DCA guy and if I do sell,"}, {"start": "00:23:46", "end": "00:23:51", "text": "see, I'm also in the don't sell certain"}, {"start": "00:23:49", "end": "00:23:54", "text": "assets I won't sell. I think certain"}, {"start": "00:23:51", "end": "00:23:56", "text": "assets like real estate and Bitcoin are"}, {"start": "00:23:54", "end": "00:23:59", "text": "better off"}, {"start": "00:23:56", "end": "00:24:00", "text": "borrowing against them if I need money,"}, {"start": "00:23:59", "end": "00:24:02", "text": "right?"}, {"start": "00:24:00", "end": "00:24:04", "text": ">> Because because"}, {"start": "00:24:02", "end": "00:24:06", "text": ">> number one, the barrier to entry is"}, {"start": "00:24:04", "end": "00:24:10", "text": "extremely high, right? Buying a piece of"}, {"start": "00:24:06", "end": "00:24:13", "text": "property or buying a home requires a lot"}, {"start": "00:24:10", "end": "00:24:15", "text": "of capital. So to"}, {"start": "00:24:13", "end": "00:24:18", "text": "to sell it"}, {"start": "00:24:15", "end": "00:24:20", "text": "versus borrow against it, there's a"}, {"start": "00:24:18", "end": "00:24:23", "text": "whole set of of reasons and I think"}, {"start": "00:24:20", "end": "00:24:26", "text": "Bitcoin will fall into that same that"}, {"start": "00:24:23", "end": "00:24:29", "text": "same category. Uh"}, {"start": "00:24:26", "end": "00:24:34", "text": "I've already sold Bitcoin like I sold"}, {"start": "00:24:29", "end": "00:24:38", "text": "five of them back in what was it u 2020"}, {"start": "00:24:34", "end": "00:24:40", "text": "at the end of 2022"}, {"start": "00:24:38", "end": "00:24:44", "text": "and regret it. Yeah,"}, {"start": "00:24:40", "end": "00:24:47", "text": ">> every single day I regret it."}, {"start": "00:24:44", "end": "00:24:49", "text": ">> But you know, like like you said, like"}, {"start": "00:24:47", "end": "00:24:51", "text": "mortgages, getting in for real estate"}, {"start": "00:24:49", "end": "00:24:54", "text": "loans and things like that. I mean, you"}, {"start": "00:24:51", "end": "00:24:56", "text": "can do it and but I think the people the"}, {"start": "00:24:54", "end": "00:24:58", "text": "problem is that people do those loans"}, {"start": "00:24:56", "end": "00:25:02", "text": "like when I do did the loans. I did a"}, {"start": "00:24:58", "end": "00:25:04", "text": "loan in December 2021 with"}, {"start": "00:25:02", "end": "00:25:06", "text": ">> Celsius"}, {"start": "00:25:04", "end": "00:25:07", "text": ">> and they gave me the money and I got a"}, {"start": "00:25:06", "end": "00:25:08", "text": "nice house in Puerto Rico. It was pretty"}, {"start": "00:25:07", "end": "00:25:11", "text": "nice."}, {"start": "00:25:08", "end": "00:25:14", "text": "And uh then like four or five months"}, {"start": "00:25:11", "end": "00:25:17", "text": "later, hey margin call, paid that. Hey,"}, {"start": "00:25:14", "end": "00:25:19", "text": "margin call next month. Hey margin call,"}, {"start": "00:25:17", "end": "00:25:22", "text": "Rob paid that. And then it got"}, {"start": "00:25:19", "end": "00:25:26", "text": "liquidated because Celsius went"}, {"start": "00:25:22", "end": "00:25:27", "text": "bankrupt. So that would be my little"}, {"start": "00:25:26", "end": "00:25:29", "text": "thing. I know people talk about why"}, {"start": "00:25:27", "end": "00:25:31", "text": "don't you just do loans? I did that"}, {"start": "00:25:29", "end": "00:25:32", "text": "route. Not going to do that again. So"}, {"start": "00:25:31", "end": "00:25:35", "text": "that's just me because I have PTSD."}, {"start": "00:25:32", "end": "00:25:37", "text": "Anyhow, to finish this up and get out of"}, {"start": "00:25:35", "end": "00:25:39", "text": "here, get into the the fun part which is"}, {"start": "00:25:37", "end": "00:25:41", "text": "the Q&A."}, {"start": "00:25:39", "end": "00:25:42", "text": "going back and looking at it there. I"}, {"start": "00:25:41", "end": "00:25:45", "text": "would always talk about coin glass and"}, {"start": "00:25:42", "end": "00:25:48", "text": "these bull market peak indicators and"}, {"start": "00:25:45", "end": "00:25:52", "text": "I'm going to pull a note from Dan P�ena"}, {"start": "00:25:48", "end": "00:25:55", "text": "zero. It went to zero. None of them hit."}, {"start": "00:25:52", "end": "00:25:58", "text": "I did better with fractalss and scaling"}, {"start": "00:25:55", "end": "00:26:00", "text": "out in 2021. I mean I I did I did way"}, {"start": "00:25:58", "end": "00:26:03", "text": "better. And like here I'll show you. Let"}, {"start": "00:26:00", "end": "00:26:03", "text": "me see if I can"}, {"start": "00:26:06", "end": "00:26:09", "text": "copy"}, {"start": "00:26:11", "end": "00:26:17", "text": "There we go. So, this I called Ethereum"}, {"start": "00:26:16", "end": "00:26:18", "text": "and I said, \"Okay, I think Ethereum is"}, {"start": "00:26:17", "end": "00:26:21", "text": "going to go to 4,800.\" Just on like what"}, {"start": "00:26:18", "end": "00:26:22", "text": "I just fractals, just throwing it out"}, {"start": "00:26:21", "end": "00:26:25", "text": "there. I didn't really like indicators"}, {"start": "00:26:22", "end": "00:26:27", "text": "and it worked out pretty well from and I"}, {"start": "00:26:25", "end": "00:26:30", "text": "said like, \"I'm going to sell 20% when"}, {"start": "00:26:27", "end": "00:26:33", "text": "it hits 2,000. I'm going to sell 20%"}, {"start": "00:26:30", "end": "00:26:34", "text": "when it hits 5,000, 20% at 7 D.\" Because"}, {"start": "00:26:33", "end": "00:26:36", "text": "I thought it would go to 10K like"}, {"start": "00:26:34", "end": "00:26:38", "text": "everybody said. It didn't. So, at least"}, {"start": "00:26:36", "end": "00:26:41", "text": "in that one, I got the 20 20% off. Not"}, {"start": "00:26:38", "end": "00:26:44", "text": "too bad. Chain link, I thought it would"}, {"start": "00:26:41", "end": "00:26:46", "text": "go to over 35 bucks, and it did. It hit"}, {"start": "00:26:44", "end": "00:26:48", "text": "51 bucks, which made sense to me at that"}, {"start": "00:26:46", "end": "00:26:50", "text": "point. So, I did this. I still screwed"}, {"start": "00:26:48", "end": "00:26:52", "text": "up because I didn't sell the 30 the $35"}, {"start": "00:26:50", "end": "00:26:54", "text": "one. I like, nope, it's going to go"}, {"start": "00:26:52", "end": "00:26:56", "text": "higher and I didn't. Bitcoin alltime"}, {"start": "00:26:54", "end": "00:26:58", "text": "high, disaster. Thought it would go to"}, {"start": "00:26:56", "end": "00:27:01", "text": "100,000. But thankfully, I did the 60K"}, {"start": "00:26:58", "end": "00:27:03", "text": "and got to sell there. So, not too bad."}, {"start": "00:27:01", "end": "00:27:07", "text": "And then the other ones, Theta did"}, {"start": "00:27:03", "end": "00:27:07", "text": "pretty good. Oh, what's going on?"}, {"start": "00:27:08", "end": "00:27:13", "text": "Wait, wait, wait, wait."}, {"start": "00:27:11", "end": "00:27:16", "text": ">> You're on a different tab."}, {"start": "00:27:13", "end": "00:27:19", "text": ">> No, I'll show you what it is. It's that"}, {"start": "00:27:16", "end": "00:27:21", "text": "it's uh me trying to do too much here."}, {"start": "00:27:19", "end": "00:27:23", "text": "Anyhow, the whole point of the story is"}, {"start": "00:27:21", "end": "00:27:25", "text": "I did better with just fractals and"}, {"start": "00:27:23", "end": "00:27:27", "text": "scaling out than trying to depend on"}, {"start": "00:27:25", "end": "00:27:29", "text": "some indicators. That was just me. So,"}, {"start": "00:27:27", "end": "00:27:32", "text": "this is my thought process. I want to"}, {"start": "00:27:29", "end": "00:27:36", "text": "bulk buy at 60K somewhere around here. I"}, {"start": "00:27:32", "end": "00:27:38", "text": "want to sell half at 150K and 20% 170K."}, {"start": "00:27:36", "end": "00:27:40", "text": "Am I going to time the top? Nope. Am I"}, {"start": "00:27:38", "end": "00:27:42", "text": "going to sell too early? Goddamn right I"}, {"start": "00:27:40", "end": "00:27:44", "text": "am. But"}, {"start": "00:27:42", "end": "00:27:47", "text": "this is my thought process right now."}, {"start": "00:27:44", "end": "00:27:50", "text": "Now, it may change. It may change, but"}, {"start": "00:27:47", "end": "00:27:52", "text": "uh here is my thought process and I'll"}, {"start": "00:27:50", "end": "00:27:53", "text": "just kind of go across with this, see"}, {"start": "00:27:52", "end": "00:27:56", "text": "how it goes. Use a little bull mania"}, {"start": "00:27:53", "end": "00:27:59", "text": "from Ivan Tech and be done with it."}, {"start": "00:27:56", "end": "00:28:03", "text": "Jerry, thoughts on this craziness?"}, {"start": "00:27:59", "end": "00:28:03", "text": ">> You know, again, back to what you Okay."}, {"start": "00:28:04", "end": "00:28:09", "text": "you're probably taking into account with"}, {"start": "00:28:06", "end": "00:28:13", "text": "your I'm going to buy at 60 and sell at"}, {"start": "00:28:09", "end": "00:28:16", "text": "150 and a portion at 170 based off of"}, {"start": "00:28:13", "end": "00:28:19", "text": "some long-term view. Maybe you don't"}, {"start": "00:28:16", "end": "00:28:22", "text": "feel that you want to continue to be a"}, {"start": "00:28:19", "end": "00:28:25", "text": "buyer and investor into your 70s. That"}, {"start": "00:28:22", "end": "00:28:29", "text": "very well may be a part of your overall"}, {"start": "00:28:25", "end": "00:28:32", "text": "strategy. Therefore, having quality of"}, {"start": "00:28:29", "end": "00:28:34", "text": "life during your"}, {"start": "00:28:32", "end": "00:28:38", "text": "late 50s and into your 60s is a higher"}, {"start": "00:28:34", "end": "00:28:40", "text": "priority than stacking wealth,"}, {"start": "00:28:38", "end": "00:28:42", "text": "right? I think that's a it's very"}, {"start": "00:28:40", "end": "00:28:44", "text": "important. Every one of us has got to"}, {"start": "00:28:42", "end": "00:28:46", "text": "make all these different decisions"}, {"start": "00:28:44", "end": "00:28:49", "text": "because they play a part in how we"}, {"start": "00:28:46", "end": "00:28:51", "text": "create a strategy, right? And so looking"}, {"start": "00:28:49", "end": "00:28:54", "text": "at your strategy, the first thing that"}, {"start": "00:28:51", "end": "00:28:56", "text": "comes to my mind is Rob doesn't"}, {"start": "00:28:54", "end": "00:28:59", "text": "necessarily look like he wants to be a"}, {"start": "00:28:56", "end": "00:29:01", "text": "big buyer"}, {"start": "00:28:59", "end": "00:29:03", "text": "when that when those prices come. You're"}, {"start": "00:29:01", "end": "00:29:05", "text": "going to be doing other things with your"}, {"start": "00:29:03", "end": "00:29:07", "text": "money. Maybe you'll be taking more trips"}, {"start": "00:29:05", "end": "00:29:09", "text": "with your wife around the world. Who"}, {"start": "00:29:07", "end": "00:29:11", "text": "knows? It doesn't look like you're going"}, {"start": "00:29:09", "end": "00:29:14", "text": "to be in wealth building strategy,"}, {"start": "00:29:11", "end": "00:29:18", "text": "right? Um, I'm starting to get that same"}, {"start": "00:29:14", "end": "00:29:21", "text": "thought as you, only I'm looking at what"}, {"start": "00:29:18", "end": "00:29:23", "text": "assets can I consolidate into that will"}, {"start": "00:29:21", "end": "00:29:24", "text": "pay me to own them."}, {"start": "00:29:23", "end": "00:29:28", "text": ">> Yeah."}, {"start": "00:29:24", "end": "00:29:30", "text": ">> Right. And therefore, I get the best of"}, {"start": "00:29:28", "end": "00:29:32", "text": "appreciation"}, {"start": "00:29:30", "end": "00:29:35", "text": "with some cash flow because that's"}, {"start": "00:29:32", "end": "00:29:37", "text": "really the only liability Bitcoin has is"}, {"start": "00:29:35", "end": "00:29:40", "text": "it doesn't have a cash flow."}, {"start": "00:29:37", "end": "00:29:41", "text": ">> Yeah. And it'd be nice if it did. just"}, {"start": "00:29:40", "end": "00:29:43", "text": "it's like real estate, you know, real"}, {"start": "00:29:41", "end": "00:29:44", "text": "estate's great because you can you can"}, {"start": "00:29:43", "end": "00:29:46", "text": "own it. You get a little cash flow if"}, {"start": "00:29:44", "end": "00:29:47", "text": "you rent it out the right way. It's"}, {"start": "00:29:46", "end": "00:29:50", "text": "going to eat you up though on some of"}, {"start": "00:29:47", "end": "00:29:51", "text": "the costs which would uh be like taxes"}, {"start": "00:29:50", "end": "00:29:54", "text": "and maintenance and stuff like that"}, {"start": "00:29:51", "end": "00:29:58", "text": "which really do suck, but it is what it"}, {"start": "00:29:54", "end": "00:30:01", "text": "is. So Jerry, good good show today. I"}, {"start": "00:29:58", "end": "00:30:03", "text": "like this part. I just want to say just"}, {"start": "00:30:01", "end": "00:30:05", "text": "that price predictions are worthless."}, {"start": "00:30:03", "end": "00:30:08", "text": "What we just did what we just did was"}, {"start": "00:30:05", "end": "00:30:10", "text": "fun, but don't take it to the bank. And"}, {"start": "00:30:08", "end": "00:30:12", "text": "those are just my plans. My goals are"}, {"start": "00:30:10", "end": "00:30:13", "text": "not your goals. And I'm very being"}, {"start": "00:30:12", "end": "00:30:16", "text": "ultraconervative. I think if people"}, {"start": "00:30:13", "end": "00:30:18", "text": "would be more ultra-conservative, some"}, {"start": "00:30:16", "end": "00:30:19", "text": "of their their their price ranges,"}, {"start": "00:30:18", "end": "00:30:20", "text": "they'd be a little bit happier. But"}, {"start": "00:30:19", "end": "00:30:23", "text": "that's what it is. I know people want to"}, {"start": "00:30:20", "end": "00:30:25", "text": "hear about, well, tell me the next 10x"}, {"start": "00:30:23", "end": "00:30:27", "text": "and to the moon. Like I I don't know"}, {"start": "00:30:25", "end": "00:30:30", "text": "what to tell you. I think we we've moved"}, {"start": "00:30:27", "end": "00:30:33", "text": "out of that speculation crazy 10, 20,"}, {"start": "00:30:30", "end": "00:30:35", "text": "a,000x and now we're into more of the"}, {"start": "00:30:33", "end": "00:30:38", "text": "traditional investor mode moving"}, {"start": "00:30:35", "end": "00:30:41", "text": "forward. I got to tell you, for every"}, {"start": "00:30:38", "end": "00:30:43", "text": "dollar you put in, you can get $2.50"}, {"start": "00:30:41", "end": "00:30:45", "text": "back. That's not bad. Or maybe even"}, {"start": "00:30:43", "end": "00:30:47", "text": "three if you want to do Bitcoin. If you"}, {"start": "00:30:45", "end": "00:30:52", "text": "want to do meme coins like Jerry does,"}, {"start": "00:30:47", "end": "00:30:53", "text": "then uh that's on you."}, {"start": "00:30:52", "end": "00:30:55", "text": "All right, everybody. Let's get into the"}, {"start": "00:30:53", "end": "00:30:57", "text": "Q&A because this is the best part of the"}, {"start": "00:30:55", "end": "00:31:00", "text": "show and and Jerry will answer all your"}, {"start": "00:30:57", "end": "00:31:02", "text": "questions. Let's see. Now, this is a"}, {"start": "00:31:00", "end": "00:31:04", "text": "this is right up Jerry's alley. If"}, {"start": "00:31:02", "end": "00:31:06", "text": "Bitcoin is a million dollars, then fiat"}, {"start": "00:31:04", "end": "00:31:08", "text": "is in serious trouble and we're all"}, {"start": "00:31:06", "end": "00:31:09", "text": "screwed. Not screwed advice. Jerry,"}, {"start": "00:31:08", "end": "00:31:11", "text": "you're always talking about refinance of"}, {"start": "00:31:09", "end": "00:31:13", "text": "debt. What happens here?"}, {"start": "00:31:11", "end": "00:31:16", "text": ">> This is really interesting. So, pending"}, {"start": "00:31:13", "end": "00:31:20", "text": "pending what the"}, {"start": "00:31:16", "end": "00:31:23", "text": "borrowing environment is like, right? if"}, {"start": "00:31:20", "end": "00:31:27", "text": "it that particular stage because Bitcoin"}, {"start": "00:31:23", "end": "00:31:30", "text": "being a million dollars a coin,"}, {"start": "00:31:27", "end": "00:31:32", "text": ">> the outside economy and the valuation of"}, {"start": "00:31:30", "end": "00:31:32", "text": "currency is going to play a big part of"}, {"start": "00:31:32", "end": "00:31:33", "text": "that."}, {"start": "00:31:32", "end": "00:31:37", "text": ">> Yeah, you're right."}, {"start": "00:31:33", "end": "00:31:40", "text": ">> Right. And so, um, two things come to"}, {"start": "00:31:37", "end": "00:31:43", "text": "mind when I when I think about the value"}, {"start": "00:31:40", "end": "00:31:45", "text": "of currency. If the debt obligation in"}, {"start": "00:31:43", "end": "00:31:48", "text": "the currency that's being borrowed, if"}, {"start": "00:31:45", "end": "00:31:53", "text": "the demand is high, then it doesn't"}, {"start": "00:31:48", "end": "00:31:55", "text": "really matter about the"}, {"start": "00:31:53", "end": "00:31:58", "text": "the degragation, right? The the the"}, {"start": "00:31:55", "end": "00:32:00", "text": "devaluation of of it. It doesn't matter"}, {"start": "00:31:58", "end": "00:32:04", "text": "if your purchasing power goes down by"}, {"start": "00:32:00", "end": "00:32:06", "text": "300% or a,000%. If the demand on the"}, {"start": "00:32:04", "end": "00:32:08", "text": "currency is still high and the only way"}, {"start": "00:32:06", "end": "00:32:10", "text": "that would be is that you can only buy"}, {"start": "00:32:08", "end": "00:32:13", "text": "something that you want with that"}, {"start": "00:32:10", "end": "00:32:15", "text": "currency or your debt is denominated in"}, {"start": "00:32:13", "end": "00:32:18", "text": "that currency. Um as long as those"}, {"start": "00:32:15", "end": "00:32:22", "text": "things stand"}, {"start": "00:32:18", "end": "00:32:25", "text": ">> um it does inflation isn't isn't a"}, {"start": "00:32:22", "end": "00:32:26", "text": "thing. It will affect the price, but if"}, {"start": "00:32:25", "end": "00:32:29", "text": "the price is denominated in something"}, {"start": "00:32:26", "end": "00:32:31", "text": "that's so"}, {"start": "00:32:29", "end": "00:32:33", "text": "dimminimous, then it then it's not a big"}, {"start": "00:32:31", "end": "00:32:34", "text": "deal."}, {"start": "00:32:33", "end": "00:32:36", "text": ">> It's not a big deal."}, {"start": "00:32:34", "end": "00:32:38", "text": ">> Yeah. I mean, what if it takes a million"}, {"start": "00:32:36", "end": "00:32:40", "text": "dollars to buy a gallon of milk?"}, {"start": "00:32:38", "end": "00:32:43", "text": ">> Well, it happens in Zimbabwe, but yeah,"}, {"start": "00:32:40", "end": "00:32:46", "text": "they're not dollars. I mean I mean so so"}, {"start": "00:32:43", "end": "00:32:49", "text": "the looking at it in those terms um I"}, {"start": "00:32:46", "end": "00:32:52", "text": "try to always think of purchasing power"}, {"start": "00:32:49", "end": "00:32:54", "text": "not not the value of Bitcoin in"}, {"start": "00:32:52", "end": "00:32:56", "text": "something will one Bitcoin buy me a"}, {"start": "00:32:54", "end": "00:32:59", "text": "thousand more gallons of milk than it"}, {"start": "00:32:56", "end": "00:33:00", "text": "will today then I'm in good shape."}, {"start": "00:32:59", "end": "00:33:02", "text": ">> Yeah. Well that is true because I mean"}, {"start": "00:33:00", "end": "00:33:05", "text": "like if we take a look at the real"}, {"start": "00:33:02", "end": "00:33:06", "text": "estate prices you know like in 2012 it"}, {"start": "00:33:05", "end": "00:33:08", "text": "would take you thousands and thousands"}, {"start": "00:33:06", "end": "00:33:10", "text": "thousands hundreds of thousands of"}, {"start": "00:33:08", "end": "00:33:12", "text": "Bitcoin right 2012. Then you now you"}, {"start": "00:33:10", "end": "00:33:14", "text": "come into today, you know, depending on"}, {"start": "00:33:12", "end": "00:33:17", "text": "where you're at, it'll take you, you"}, {"start": "00:33:14", "end": "00:33:19", "text": "know, four, three, four, five, something"}, {"start": "00:33:17", "end": "00:33:20", "text": "like that, which is a heck of a lot. So,"}, {"start": "00:33:19", "end": "00:33:22", "text": "all you had to do is just buy and hold."}, {"start": "00:33:20", "end": "00:33:23", "text": "That's essentially what it is. That"}, {"start": "00:33:22", "end": "00:33:25", "text": "works out pretty well for a lot of"}, {"start": "00:33:23", "end": "00:33:26", "text": "people just right now in the downtime."}, {"start": "00:33:25", "end": "00:33:29", "text": "You think to yourself, well, how can I"}, {"start": "00:33:26", "end": "00:33:30", "text": "optimize? I think that's the big thing."}, {"start": "00:33:29", "end": "00:33:33", "text": "Even Michael Sailor asked that question,"}, {"start": "00:33:30", "end": "00:33:35", "text": "I'm sure. Maybe not. All right, let's"}, {"start": "00:33:33", "end": "00:33:37", "text": "see. Timebased targets are way better"}, {"start": "00:33:35", "end": "00:33:39", "text": "than price-based. price base is okay if"}, {"start": "00:33:37", "end": "00:33:41", "text": "you want to have early trigger like you"}, {"start": "00:33:39", "end": "00:33:43", "text": "would exit if price goes to X or October"}, {"start": "00:33:41", "end": "00:33:44", "text": "whichever comes first and that's I mean"}, {"start": "00:33:43", "end": "00:33:46", "text": "we're seeing that playing out and that's"}, {"start": "00:33:44", "end": "00:33:47", "text": "a lot what the traders do and I got to"}, {"start": "00:33:46", "end": "00:33:50", "text": "tell you crypto might be the the"}, {"start": "00:33:47", "end": "00:33:53", "text": "ultimate for traders"}, {"start": "00:33:50", "end": "00:33:55", "text": ">> and then this one Jerry remember this"}, {"start": "00:33:53", "end": "00:33:58", "text": "dubsky says that one random Reddit"}, {"start": "00:33:55", "end": "00:34:00", "text": "poster wasn't wrong you remember that"}, {"start": "00:33:58", "end": "00:34:05", "text": "back in the day some guy said October"}, {"start": "00:34:00", "end": "00:34:05", "text": "6th let me see if I can find it"}, {"start": "00:34:06", "end": "00:34:09", "text": "and he said, \"Yeah,\" he goes, \"Like"}, {"start": "00:34:07", "end": "00:34:10", "text": "based on these time frames and this time"}, {"start": "00:34:09", "end": "00:34:12", "text": "frame, October 6.\" I remember it was"}, {"start": "00:34:10", "end": "00:34:14", "text": "like, it was Scott Melker. He actually"}, {"start": "00:34:12", "end": "00:34:16", "text": "posted that like"}, {"start": "00:34:14", "end": "00:34:18", "text": "two, three months before we had the"}, {"start": "00:34:16", "end": "00:34:21", "text": "October 6 blowoff top. And he said"}, {"start": "00:34:18", "end": "00:34:22", "text": "something like, \"This lives rentree in"}, {"start": "00:34:21", "end": "00:34:24", "text": "my head.\" And he posted this thing from"}, {"start": "00:34:22", "end": "00:34:26", "text": "Reddit where it says October 6, 2025"}, {"start": "00:34:24", "end": "00:34:28", "text": "will be the absolute top. And I'm like,"}, {"start": "00:34:26", "end": "00:34:30", "text": "that's bull because we've got all these"}, {"start": "00:34:28", "end": "00:34:32", "text": "things going. We've got the CFTC, the"}, {"start": "00:34:30", "end": "00:34:35", "text": "SEC, we got a president here. We've got"}, {"start": "00:34:32", "end": "00:34:35", "text": "an ETF. This is ridiculous. And of"}, {"start": "00:34:35", "end": "00:34:37", "text": "course,"}, {"start": "00:34:35", "end": "00:34:40", "text": ">> we got corporate tax structure in our"}, {"start": "00:34:37", "end": "00:34:41", "text": "favor. I mean, all this stuff."}, {"start": "00:34:40", "end": "00:34:44", "text": ">> Yeah. Yeah."}, {"start": "00:34:41", "end": "00:34:47", "text": ">> Fair accounting is nailed."}, {"start": "00:34:44", "end": "00:34:49", "text": "A new SEC chair coming in. Yeah."}, {"start": "00:34:47", "end": "00:34:51", "text": ">> Yeah. Gary Gendzer's gone. Although, as"}, {"start": "00:34:49", "end": "00:34:54", "text": "a reminder, Gary Gendzer was the t was"}, {"start": "00:34:51", "end": "00:34:57", "text": "the tiebreaking vote for the ETF. So,"}, {"start": "00:34:54", "end": "00:34:59", "text": "hey, owner says, \"Take profits. Best"}, {"start": "00:34:57", "end": "00:35:01", "text": "advice Rob ever gave.\" I have to admit I"}, {"start": "00:34:59", "end": "00:35:05", "text": "didn't invent that, but yes, worked out"}, {"start": "00:35:01", "end": "00:35:07", "text": "pretty well. Owner says no banana zone."}, {"start": "00:35:05", "end": "00:35:11", "text": "News flash. Yeah,"}, {"start": "00:35:07", "end": "00:35:13", "text": ">> sailor US. Yousef says sailor said he's"}, {"start": "00:35:11", "end": "00:35:15", "text": "dying with a seed phrase. And that is,"}, {"start": "00:35:13", "end": "00:35:19", "text": "but Micro Strategy is not dying with"}, {"start": "00:35:15", "end": "00:35:21", "text": "their seed phrase. So, I'm sure sailor's"}, {"start": "00:35:19", "end": "00:35:22", "text": "got a ton of Bitcoin, but it's"}, {"start": "00:35:21", "end": "00:35:25", "text": "different."}, {"start": "00:35:22", "end": "00:35:27", "text": "Crux of crypto says Bitcoin will cost"}, {"start": "00:35:25", "end": "00:35:29", "text": "180K to mine in 2028. Globally, if it"}, {"start": "00:35:27", "end": "00:35:31", "text": "goes to 175K, it will never be"}, {"start": "00:35:29", "end": "00:35:33", "text": "profitable for a whole cycle, either"}, {"start": "00:35:31", "end": "00:35:36", "text": "Super Cycle or Bitcoin bricks. You know,"}, {"start": "00:35:33", "end": "00:35:38", "text": "it it does cost a lot to to mine"}, {"start": "00:35:36", "end": "00:35:39", "text": "Bitcoin, but I want to and there's"}, {"start": "00:35:38", "end": "00:35:41", "text": "different websites you can go to to"}, {"start": "00:35:39", "end": "00:35:43", "text": "check it out. I thought it was right now"}, {"start": "00:35:41", "end": "00:35:47", "text": "to mine Bitcoin"}, {"start": "00:35:43", "end": "00:35:49", "text": "was around 70k, 70 72, but it may have"}, {"start": "00:35:47", "end": "00:35:51", "text": "dropped. And I know in some countries"}, {"start": "00:35:49", "end": "00:35:54", "text": "like specifically Iran, they were"}, {"start": "00:35:51", "end": "00:35:56", "text": "getting subsidized to mine Bitcoin so"}, {"start": "00:35:54", "end": "00:35:58", "text": "they can go ahead and sell it. That's"}, {"start": "00:35:56", "end": "00:36:00", "text": "why they're actually in the straight of"}, {"start": "00:35:58", "end": "00:36:01", "text": "mouth as they were asking for Bitcoin."}, {"start": "00:36:00", "end": "00:36:02", "text": "But Jerry, what's your thoughts on this"}, {"start": "00:36:01", "end": "00:36:05", "text": "one?"}, {"start": "00:36:02", "end": "00:36:11", "text": ">> So the variable cost a kilowatt hour of"}, {"start": "00:36:05", "end": "00:36:14", "text": "electricity is a it literally is 85% of"}, {"start": "00:36:11", "end": "00:36:16", "text": "what determines the cost to mine"}, {"start": "00:36:14", "end": "00:36:19", "text": "Bitcoin. it's coming from the input of"}, {"start": "00:36:16", "end": "00:36:21", "text": "electricity. And um one of the things"}, {"start": "00:36:19", "end": "00:36:23", "text": "I'm finding really interesting because"}, {"start": "00:36:21", "end": "00:36:26", "text": "that's something"}, {"start": "00:36:23", "end": "00:36:28", "text": ">> that I look at all the time is there are"}, {"start": "00:36:26", "end": "00:36:30", "text": "certain regions around the world that"}, {"start": "00:36:28", "end": "00:36:33", "text": "collapsing the cost to produce a"}, {"start": "00:36:30", "end": "00:36:36", "text": "kilowatt of power. I'm in Costa Rica and"}, {"start": "00:36:33", "end": "00:36:38", "text": "we have hydroelect electric coming"}, {"start": "00:36:36", "end": "00:36:40", "text": "online producing at two and a half three"}, {"start": "00:36:38", "end": "00:36:41", "text": "cents a kilowatt hour."}, {"start": "00:36:40", "end": "00:36:43", "text": ">> Okay,"}, {"start": "00:36:41", "end": "00:36:45", "text": ">> that is ridiculously low. And so one of"}, {"start": "00:36:43", "end": "00:36:47", "text": "the one of the great relationships I"}, {"start": "00:36:45", "end": "00:36:50", "text": "have here is with an outfit called Data"}, {"start": "00:36:47", "end": "00:36:53", "text": "Centers Costa Rica and they are mining"}, {"start": "00:36:50", "end": "00:36:56", "text": "Bitcoin"}, {"start": "00:36:53", "end": "00:36:58", "text": "profitably. Now obviously the retail"}, {"start": "00:36:56", "end": "00:37:01", "text": "price and what they hold see they"}, {"start": "00:36:58", "end": "00:37:04", "text": "wholesale their their Bitcoin. They have"}, {"start": "00:37:01", "end": "00:37:08", "text": "agreements to to sell Bitcoin at at"}, {"start": "00:37:04", "end": "00:37:10", "text": "specified prices chronologically as they"}, {"start": "00:37:08", "end": "00:37:12", "text": "produce it,"}, {"start": "00:37:10", "end": "00:37:16", "text": ">> right? with a corporate strategy of they"}, {"start": "00:37:12", "end": "00:37:19", "text": "retain they retain something like"}, {"start": "00:37:16", "end": "00:37:22", "text": ">> 7% of the of the Bitcoin they mine they"}, {"start": "00:37:19", "end": "00:37:25", "text": "retain it as a str a treasury strategy"}, {"start": "00:37:22", "end": "00:37:27", "text": "but the rest they sell"}, {"start": "00:37:25", "end": "00:37:31", "text": ">> and they have OTC agreements with"}, {"start": "00:37:27", "end": "00:37:32", "text": "brokers who who acquire it at specified"}, {"start": "00:37:31", "end": "00:37:35", "text": "prices."}, {"start": "00:37:32", "end": "00:37:37", "text": ">> Why are we not doing some Bitcoin mining"}, {"start": "00:37:35", "end": "00:37:39", "text": "over there, Jerry?"}, {"start": "00:37:37", "end": "00:37:41", "text": "Uh,"}, {"start": "00:37:39", "end": "00:37:44", "text": "well, I don't have the startup C. It's"}, {"start": "00:37:41", "end": "00:37:46", "text": "pretty capital intensives to start it."}, {"start": "00:37:44", "end": "00:37:48", "text": ">> I know. I just thought it sounded good."}, {"start": "00:37:46", "end": "00:37:51", "text": "Sounded good. I thought you were gonna"}, {"start": "00:37:48", "end": "00:37:54", "text": "say, \"Let's do it.\""}, {"start": "00:37:51", "end": "00:37:56", "text": ">> Okay. Krux says he's selling in 2029. I"}, {"start": "00:37:54", "end": "00:37:57", "text": "got no problem with that. Yeah. I feel"}, {"start": "00:37:56", "end": "00:37:59", "text": "like Ben's risk factors tell you all you"}, {"start": "00:37:57", "end": "00:38:00", "text": "need to know for when to buy or sell. I"}, {"start": "00:37:59", "end": "00:38:02", "text": "mean, especially for when to when to"}, {"start": "00:38:00", "end": "00:38:04", "text": "buy. Yeah. But for selling, it's a"}, {"start": "00:38:02", "end": "00:38:06", "text": "little bit like we're really good. We're"}, {"start": "00:38:04", "end": "00:38:08", "text": "much better nowadays of of calling"}, {"start": "00:38:06", "end": "00:38:10", "text": "somewhat of the bottom. You know, you"}, {"start": "00:38:08", "end": "00:38:12", "text": "look at the 200E moving average. You"}, {"start": "00:38:10", "end": "00:38:13", "text": "look at the 250WE moving average. Makes"}, {"start": "00:38:12", "end": "00:38:15", "text": "sense, right? You take a look at the"}, {"start": "00:38:13", "end": "00:38:19", "text": "four-year cycles. Okay. How many days?"}, {"start": "00:38:15", "end": "00:38:21", "text": "365, 367, 340. Got it. Got it. But then"}, {"start": "00:38:19", "end": "00:38:22", "text": "as far as like selling these tops, it's"}, {"start": "00:38:21", "end": "00:38:25", "text": "very I think it's the most difficult."}, {"start": "00:38:22", "end": "00:38:27", "text": "And I think personally that it's more"}, {"start": "00:38:25", "end": "00:38:28", "text": "difficult to sell than to buy. I think"}, {"start": "00:38:27", "end": "00:38:31", "text": "everybody here in this chat knows"}, {"start": "00:38:28", "end": "00:38:33", "text": "exactly how to DCA. Knows exactly how to"}, {"start": "00:38:31", "end": "00:38:34", "text": "dynamically DCA. if you don't link in"}, {"start": "00:38:33", "end": "00:38:36", "text": "the description and how to actually buy."}, {"start": "00:38:34", "end": "00:38:38", "text": "The problem is is layering out. I think"}, {"start": "00:38:36", "end": "00:38:40", "text": "that's the big one. Jerry, thoughts on"}, {"start": "00:38:38", "end": "00:38:41", "text": "this?"}, {"start": "00:38:40", "end": "00:38:44", "text": ">> You know, I I I think there's some good"}, {"start": "00:38:41", "end": "00:38:48", "text": "points that were made in the chat. If"}, {"start": "00:38:44", "end": "00:38:50", "text": "you're going to base acquisition or sale"}, {"start": "00:38:48", "end": "00:38:53", "text": "of Bitcoin on cost of production, which"}, {"start": "00:38:50", "end": "00:38:56", "text": "is very reasonable, you have to take a"}, {"start": "00:38:53", "end": "00:38:58", "text": "global average, right? So, where is the"}, {"start": "00:38:56", "end": "00:39:00", "text": "majority of Bitcoin being mined?"}, {"start": "00:38:58", "end": "00:39:03", "text": "Remember back when you and I got into"}, {"start": "00:39:00", "end": "00:39:04", "text": "it, Rob, it was almost all mining was"}, {"start": "00:39:03", "end": "00:39:05", "text": "being done in China."}, {"start": "00:39:04", "end": "00:39:10", "text": ">> China. Yeah."}, {"start": "00:39:05", "end": "00:39:13", "text": ">> And electricity subsidized by"}, {"start": "00:39:10", "end": "00:39:16", "text": "municipalities was a big part in why it"}, {"start": "00:39:13", "end": "00:39:18", "text": "was so cheap for them to mine Bitcoin."}, {"start": "00:39:16", "end": "00:39:21", "text": "But we know over the last x amount of"}, {"start": "00:39:18", "end": "00:39:23", "text": "years that has changed. We've got a"}, {"start": "00:39:21", "end": "00:39:25", "text": "tremendous amount being mined in the"}, {"start": "00:39:23", "end": "00:39:28", "text": "United States now. And countries like El"}, {"start": "00:39:25", "end": "00:39:32", "text": "Salvador have jumped in, etc., etc. Um"}, {"start": "00:39:28", "end": "00:39:35", "text": "and that and that geographical change"}, {"start": "00:39:32", "end": "00:39:37", "text": "has changed the cost structure to mining"}, {"start": "00:39:35", "end": "00:39:39", "text": "Bitcoin. Not to mention the demand on"}, {"start": "00:39:37", "end": "00:39:42", "text": "the A6 has driven price up blah blah"}, {"start": "00:39:39", "end": "00:39:44", "text": "blah blah blah. So if you look at it, I"}, {"start": "00:39:42", "end": "00:39:47", "text": "think one of the other commenters said"}, {"start": "00:39:44", "end": "00:39:50", "text": "AI is saying that the average cost"}, {"start": "00:39:47", "end": "00:39:53", "text": "globally is 60 grand."}, {"start": "00:39:50", "end": "00:39:57", "text": "So if 60 grand is the average cost"}, {"start": "00:39:53", "end": "00:40:00", "text": "globally to create a Bitcoin, then"}, {"start": "00:39:57", "end": "00:40:01", "text": "taking a look at lows where the market"}, {"start": "00:40:00", "end": "00:40:03", "text": "might bottom,"}, {"start": "00:40:01", "end": "00:40:07", "text": ">> this could be a factor, this could be a"}, {"start": "00:40:03", "end": "00:40:09", "text": "piece of a data point in factoring in"}, {"start": "00:40:07", "end": "00:40:10", "text": "bottoms,"}, {"start": "00:40:09", "end": "00:40:13", "text": ">> right? Yeah."}, {"start": "00:40:10", "end": "00:40:16", "text": ">> Right. And so let's let's say for shits"}, {"start": "00:40:13", "end": "00:40:20", "text": "and giggles that Bitcoin is a $60,000"}, {"start": "00:40:16", "end": "00:40:22", "text": "cost of production on average globally."}, {"start": "00:40:20", "end": "00:40:23", "text": "Then sitting at 64, it's slightly"}, {"start": "00:40:22", "end": "00:40:27", "text": "profitable."}, {"start": "00:40:23", "end": "00:40:29", "text": "And if that's the case, that is time to"}, {"start": "00:40:27", "end": "00:40:32", "text": "start stocking up,"}, {"start": "00:40:29", "end": "00:40:34", "text": ">> right? That's the but that's the trick"}, {"start": "00:40:32", "end": "00:40:36", "text": "to get the people that want to stock up."}, {"start": "00:40:34", "end": "00:40:38", "text": "They're not going to stock up. know the"}, {"start": "00:40:36", "end": "00:40:39", "text": "people that know what time it is and"}, {"start": "00:40:38", "end": "00:40:41", "text": "have gone through this before like this"}, {"start": "00:40:39", "end": "00:40:43", "text": "is the opportunity. I think it's just"}, {"start": "00:40:41", "end": "00:40:44", "text": "the same thing. It's always re rehashing"}, {"start": "00:40:43", "end": "00:40:46", "text": "the same narratives, the same things"}, {"start": "00:40:44", "end": "00:40:48", "text": "going over again. The ones that"}, {"start": "00:40:46", "end": "00:40:49", "text": "understand get rich. The ones that don't"}, {"start": "00:40:48", "end": "00:40:50", "text": "are like, you know,"}, {"start": "00:40:49", "end": "00:40:52", "text": ">> true story."}, {"start": "00:40:50", "end": "00:40:55", "text": ">> True story. I'll just do it paycheck to"}, {"start": "00:40:52", "end": "00:40:56", "text": "paycheck. See that works out. Uh"}, {"start": "00:40:55", "end": "00:40:58", "text": "speaking of Puerto Rico, Puerto Rico has"}, {"start": "00:40:56", "end": "00:41:00", "text": "power issues and a garbage problem."}, {"start": "00:40:58", "end": "00:41:02", "text": "Well, it does have power issues, that's"}, {"start": "00:41:00", "end": "00:41:04", "text": "for sure. There is a there's an issue"}, {"start": "00:41:02", "end": "00:41:06", "text": "with the infrastructure, but more so"}, {"start": "00:41:04", "end": "00:41:08", "text": "than garbage, it has a water problem"}, {"start": "00:41:06", "end": "00:41:10", "text": "right now where we are going on roughly"}, {"start": "00:41:08", "end": "00:41:12", "text": "three weeks intermittent water. That's"}, {"start": "00:41:10", "end": "00:41:15", "text": "why we have water trucks all over the"}, {"start": "00:41:12", "end": "00:41:18", "text": "place. Very, very depressing for my"}, {"start": "00:41:15", "end": "00:41:19", "text": "guests in the uh different properties"}, {"start": "00:41:18", "end": "00:41:20", "text": "like, \"Hey, what's up with the water?\""}, {"start": "00:41:19", "end": "00:41:22", "text": "I'm like, \"Hey, it's, you know, it's"}, {"start": "00:41:20", "end": "00:41:23", "text": "Ocean Park. It's San Juan. It's Guabo."}, {"start": "00:41:22", "end": "00:41:25", "text": "Sorry, all those places. There's an"}, {"start": "00:41:23", "end": "00:41:27", "text": "issue with water. And don't look at us."}, {"start": "00:41:25", "end": "00:41:30", "text": "Look at AAA and the water company"}, {"start": "00:41:27", "end": "00:41:31", "text": "because they just kind of neglected some"}, {"start": "00:41:30", "end": "00:41:32", "text": "of those things.\" And I'm sure they're"}, {"start": "00:41:31", "end": "00:41:35", "text": "doing the greatest job they can, but uh"}, {"start": "00:41:32", "end": "00:41:37", "text": "it's an issue. And Ekko says, \"Speaking"}, {"start": "00:41:35", "end": "00:41:38", "text": "of real estate, property can be taxed"}, {"start": "00:41:37", "end": "00:41:40", "text": "forever.\""}, {"start": "00:41:38", "end": "00:41:41", "text": ">> I know."}, {"start": "00:41:40", "end": "00:41:42", "text": ">> And that's that's the bummer. But check"}, {"start": "00:41:41", "end": "00:41:45", "text": "this out. This is why I love Puerto"}, {"start": "00:41:42", "end": "00:41:46", "text": "Rico. This is why Puerto Rico is the"}, {"start": "00:41:45", "end": "00:41:50", "text": "best. That's what they say. I just"}, {"start": "00:41:46", "end": "00:41:52", "text": "That's what people say. And it's because"}, {"start": "00:41:50", "end": "00:41:53", "text": "of this. Think about where you're at."}, {"start": "00:41:52", "end": "00:41:56", "text": "Jerry's got some pretty low taxes, I'm"}, {"start": "00:41:53", "end": "00:41:59", "text": "sure, in Costa Rica. But did you know"}, {"start": "00:41:56", "end": "00:42:02", "text": "that Puerto Rico enacted the property"}, {"start": "00:41:59", "end": "00:42:04", "text": "tax act of 1991?"}, {"start": "00:42:02", "end": "00:42:05", "text": "The determination of property tax based"}, {"start": "00:42:04", "end": "00:42:06", "text": "on assessed values with a combined"}, {"start": "00:42:05", "end": "00:42:09", "text": "municipal and commonwealth rates"}, {"start": "00:42:06", "end": "00:42:12", "text": "typically fall between 8 and 11.8 almost"}, {"start": "00:42:09", "end": "00:42:15", "text": "12% of what you have to pay for"}, {"start": "00:42:12", "end": "00:42:17", "text": "property. But Rob, that sounds awful and"}, {"start": "00:42:15", "end": "00:42:20", "text": "you would be correct. However, there's"}, {"start": "00:42:17", "end": "00:42:22", "text": "one caveat. Property assessments are"}, {"start": "00:42:20", "end": "00:42:25", "text": "notoriously complex as they are"}, {"start": "00:42:22", "end": "00:42:26", "text": "normalized to much older base volume"}, {"start": "00:42:25", "end": "00:42:28", "text": "valuations"}, {"start": "00:42:26", "end": "00:42:30", "text": "as $1 1957."}, {"start": "00:42:28", "end": "00:42:32", "text": "Here's what that means. That means that"}, {"start": "00:42:30", "end": "00:42:34", "text": "they don't assess the value. You know,"}, {"start": "00:42:32", "end": "00:42:38", "text": "like what Jerry, where'd you go? You"}, {"start": "00:42:34", "end": "00:42:39", "text": "know how like you go to your tax"}, {"start": "00:42:38", "end": "00:42:43", "text": "assessment office, they come out, they"}, {"start": "00:42:39", "end": "00:42:44", "text": "go, \"Nice house. It was 240,000. Now"}, {"start": "00:42:43", "end": "00:42:46", "text": "guess what? It's 300,000. You owe us"}, {"start": "00:42:44", "end": "00:42:47", "text": "more money.\" Okay? That's pretty much"}, {"start": "00:42:46", "end": "00:42:49", "text": "how it does in the United States. you"}, {"start": "00:42:47", "end": "00:42:51", "text": "can fight it, but in Puerto Rico,"}, {"start": "00:42:49", "end": "00:42:54", "text": "they're like, \"Okay, it's gonna be"}, {"start": "00:42:51", "end": "00:42:55", "text": "between that 8 and 11.83%.\""}, {"start": "00:42:54", "end": "00:42:58", "text": "But the valuation of the house is from"}, {"start": "00:42:55", "end": "00:43:01", "text": "1957. So if your house is, I don't know,"}, {"start": "00:42:58", "end": "00:43:03", "text": "like Jerry buys a house for $10 million."}, {"start": "00:43:01", "end": "00:43:06", "text": "And they're like, \"Well, 1957 that was"}, {"start": "00:43:03", "end": "00:43:08", "text": "only worth $200,000. Jerry pays 11% of"}, {"start": "00:43:06", "end": "00:43:11", "text": "that per year. That's pretty much it.\""}, {"start": "00:43:08", "end": "00:43:12", "text": "That's what makes Puerto Rico awesome."}, {"start": "00:43:11", "end": "00:43:13", "text": "And the fact that it's right to the"}, {"start": "00:43:12", "end": "00:43:15", "text": "beach and it's great and the weather and"}, {"start": "00:43:13", "end": "00:43:18", "text": "the people are awesome. Jerry, your"}, {"start": "00:43:15", "end": "00:43:20", "text": "thoughts? Well, a couple of things"}, {"start": "00:43:18", "end": "00:43:21", "text": "specifically as it pertains to Costa uh"}, {"start": "00:43:20", "end": "00:43:22", "text": "Puerto Rico."}, {"start": "00:43:21", "end": "00:43:24", "text": ">> Yeah."}, {"start": "00:43:22", "end": "00:43:27", "text": ">> It's always tough living on an island"}, {"start": "00:43:24", "end": "00:43:30", "text": "when you're constantly when your"}, {"start": "00:43:27", "end": "00:43:33", "text": "survival depends on inputs, right? And"}, {"start": "00:43:30", "end": "00:43:35", "text": "so the trick, at least when I was living"}, {"start": "00:43:33", "end": "00:43:38", "text": "in Hawaii, the trick was minimize"}, {"start": "00:43:35", "end": "00:43:41", "text": "inputs. So collect rainwater."}, {"start": "00:43:38", "end": "00:43:44", "text": ">> Yeah. grow as much food on your property"}, {"start": "00:43:41", "end": "00:43:48", "text": "as you possibly could to minimize"}, {"start": "00:43:44", "end": "00:43:50", "text": "needing to acquire your sus substances"}, {"start": "00:43:48", "end": "00:43:53", "text": "from a store because everything in that"}, {"start": "00:43:50", "end": "00:43:56", "text": "store is being imported which has a you"}, {"start": "00:43:53", "end": "00:43:59", "text": "know obviously costs associated to it."}, {"start": "00:43:56", "end": "00:44:02", "text": "So anyway um there's all that I'm"}, {"start": "00:43:59", "end": "00:44:04", "text": "thinking you guys got a great future"}, {"start": "00:44:02", "end": "00:44:06", "text": "ahead of you. I've been watching the"}, {"start": "00:44:04", "end": "00:44:09", "text": "progress of innovation for"}, {"start": "00:44:06", "end": "00:44:12", "text": "desalinization. In other words, taking"}, {"start": "00:44:09", "end": "00:44:15", "text": "ocean water and making it drinking water"}, {"start": "00:44:12", "end": "00:44:18", "text": "as well as energy production. Did you"}, {"start": "00:44:15", "end": "00:44:21", "text": "see that little video I sent you on the"}, {"start": "00:44:18", "end": "00:44:24", "text": "smallcale nuclear power plant that's"}, {"start": "00:44:21", "end": "00:44:26", "text": "actually producing power right now? a"}, {"start": "00:44:24", "end": "00:44:29", "text": "company that's only three years old that"}, {"start": "00:44:26", "end": "00:44:34", "text": "built a nuclear power plant"}, {"start": "00:44:29", "end": "00:44:36", "text": ">> the size of a one-bedroom apartment"}, {"start": "00:44:34", "end": "00:44:39", "text": "producing"}, {"start": "00:44:36", "end": "00:44:41", "text": "tons of gigawatts of power."}, {"start": "00:44:39", "end": "00:44:42", "text": ">> Yeah, I saw it."}, {"start": "00:44:41", "end": "00:44:44", "text": ">> They just need to scale that and pretty"}, {"start": "00:44:42", "end": "00:44:45", "text": "soon you'll be able to have one in your"}, {"start": "00:44:44", "end": "00:44:46", "text": "town."}, {"start": "00:44:45", "end": "00:44:48", "text": ">> I think that makes a lot of sense then"}, {"start": "00:44:46", "end": "00:44:50", "text": "as opposed to like a centralized"}, {"start": "00:44:48", "end": "00:44:51", "text": "electrical grid is being maintained."}, {"start": "00:44:50", "end": "00:44:53", "text": "That was the whole thing. I remember"}, {"start": "00:44:51", "end": "00:44:55", "text": "there was a documentary on Tesla and"}, {"start": "00:44:53", "end": "00:44:58", "text": "that was his his idea. Instead of having"}, {"start": "00:44:55", "end": "00:44:59", "text": "one main electrical grid, it would be in"}, {"start": "00:44:58", "end": "00:44:59", "text": "different neighborhoods. You have one"}, {"start": "00:44:59", "end": "00:45:03", "text": "here."}, {"start": "00:44:59", "end": "00:45:04", "text": ">> Every municipality would have its own"}, {"start": "00:45:03", "end": "00:45:08", "text": "element."}, {"start": "00:45:04", "end": "00:45:11", "text": ">> Yeah. Yeah. Exactly. So, we see uh what"}, {"start": "00:45:08", "end": "00:45:13", "text": "else we got? Jimmy says, \"I think we"}, {"start": "00:45:11", "end": "00:45:17", "text": "need to set up a mining unit to Jerry's"}, {"start": "00:45:13", "end": "00:45:19", "text": "waterfall.\" Not a bad idea."}, {"start": "00:45:17", "end": "00:45:22", "text": ">> Powered by hydroelect electric. Yeah,"}, {"start": "00:45:19", "end": "00:45:24", "text": "Jerry is right. 40% to 50% move up is"}, {"start": "00:45:22", "end": "00:45:29", "text": "realistic considering the foundation is"}, {"start": "00:45:24", "end": "00:45:31", "text": "set. Very true. And"}, {"start": "00:45:29", "end": "00:45:32", "text": "RJ says, \"Yeah, the island life is"}, {"start": "00:45:31", "end": "00:45:34", "text": "great, but yeah, too much has to be"}, {"start": "00:45:32", "end": "00:45:36", "text": "important.\" That's another downfall. The"}, {"start": "00:45:34", "end": "00:45:38", "text": "Jones Act, which essentially means that"}, {"start": "00:45:36", "end": "00:45:42", "text": "if we have to get any type of imports,"}, {"start": "00:45:38", "end": "00:45:44", "text": "has to come from a US shipping lane, we"}, {"start": "00:45:42", "end": "00:45:46", "text": "can't just get it right from Russia or"}, {"start": "00:45:44", "end": "00:45:47", "text": "right from China or something. has to go"}, {"start": "00:45:46", "end": "00:45:49", "text": "to Florida, then it has to come down"}, {"start": "00:45:47", "end": "00:45:50", "text": "here, and then increases the prices, and"}, {"start": "00:45:49", "end": "00:45:53", "text": "it's like, why are we doing this? What"}, {"start": "00:45:50", "end": "00:45:55", "text": "is why what is this? If I was governor"}, {"start": "00:45:53", "end": "00:45:56", "text": "of Puerto Rico, which would never"}, {"start": "00:45:55", "end": "00:45:59", "text": "happen, that's the first thing I would"}, {"start": "00:45:56", "end": "00:46:02", "text": "try to repeal, but good luck with that."}, {"start": "00:45:59", "end": "00:46:05", "text": "Let's see."}, {"start": "00:46:02", "end": "00:46:07", "text": "And I think that's it. That's it for"}, {"start": "00:46:05", "end": "00:46:08", "text": "today. Well, a long time, Jerry. 46"}, {"start": "00:46:07", "end": "00:46:11", "text": "minutes. Almost 50."}, {"start": "00:46:08", "end": "00:46:14", "text": ">> Really? Wow. I would suggest if anybody"}, {"start": "00:46:11", "end": "00:46:16", "text": "hasn't lived on an island,"}, {"start": "00:46:14", "end": "00:46:18", "text": ">> a vacation there for an extended period"}, {"start": "00:46:16", "end": "00:46:20", "text": "of time, two or three months, give"}, {"start": "00:46:18", "end": "00:46:23", "text": "yourself a a a sense of what it really"}, {"start": "00:46:20", "end": "00:46:26", "text": "is to to live on a thing like that. It"}, {"start": "00:46:23", "end": "00:46:28", "text": "can be the most glorious thing in the"}, {"start": "00:46:26", "end": "00:46:32", "text": "world. My 18 months on Hawaii on the Big"}, {"start": "00:46:28", "end": "00:46:32", "text": "Island was lifechanging."}, {"start": "00:46:32", "end": "00:46:36", "text": ">> Yeah,"}, {"start": "00:46:32", "end": "00:46:38", "text": ">> it really changed the way I think about"}, {"start": "00:46:36", "end": "00:46:41", "text": "life. But it's like but but it's going"}, {"start": "00:46:38", "end": "00:46:43", "text": "from like you know the the fast lane 60"}, {"start": "00:46:41", "end": "00:46:46", "text": "80 miles per hour down to the access"}, {"start": "00:46:43", "end": "00:46:49", "text": "road 10 to 15 walking."}, {"start": "00:46:46", "end": "00:46:50", "text": ">> Yeah it's it's it's it's yeah it's a"}, {"start": "00:46:49", "end": "00:46:51", "text": "walking essentially what it is. It is"}, {"start": "00:46:50", "end": "00:46:54", "text": "the iron life and then that's just how"}, {"start": "00:46:51", "end": "00:46:55", "text": "it goes. But I got to tell you if you're"}, {"start": "00:46:54", "end": "00:46:57", "text": "if you're worried about stress and"}, {"start": "00:46:55", "end": "00:47:00", "text": "longevity it's probably the best thing"}, {"start": "00:46:57", "end": "00:47:02", "text": "to do just to get off that get off that"}, {"start": "00:47:00", "end": "00:47:04", "text": "treadmill. Anyhow, hey Carex Crypto says"}, {"start": "00:47:02", "end": "00:47:05", "text": "does Jerry have his own YouTube channel?"}, {"start": "00:47:04", "end": "00:47:07", "text": "Jerry used to have his own YouTube"}, {"start": "00:47:05", "end": "00:47:09", "text": "channel. Well, it's still there and"}, {"start": "00:47:07", "end": "00:47:12", "text": "there's still a bunch of content on it,"}, {"start": "00:47:09", "end": "00:47:16", "text": "but I'm not active on it for several"}, {"start": "00:47:12", "end": "00:47:20", "text": "reasons. Um, one, I get my fix, so to"}, {"start": "00:47:16", "end": "00:47:23", "text": "speak, right here with Rob every Sunday."}, {"start": "00:47:20", "end": "00:47:25", "text": "And, um, the I'm just doing other things"}, {"start": "00:47:23", "end": "00:47:27", "text": "with my time like I'm building a"}, {"start": "00:47:25", "end": "00:47:29", "text": "company, computal.io,"}, {"start": "00:47:27", "end": "00:47:30", "text": "etc. blah blah blah. So,"}, {"start": "00:47:29", "end": "00:47:32", "text": ">> yeah. Comput"}, {"start": "00:47:30", "end": "00:47:35", "text": "what is that, Jerry? Computal.io."}, {"start": "00:47:32", "end": "00:47:37", "text": ">> I'm building the Amazon of compute. one"}, {"start": "00:47:35", "end": "00:47:41", "text": "user account access to all kinds of"}, {"start": "00:47:37", "end": "00:47:44", "text": "vetted vendors supplying compute"}, {"start": "00:47:41", "end": "00:47:46", "text": ">> like going for your car going and buying"}, {"start": "00:47:44", "end": "00:47:47", "text": "gasoline from different gas stations"}, {"start": "00:47:46", "end": "00:47:50", "text": "without having to have a different"}, {"start": "00:47:47", "end": "00:47:52", "text": "credit card to buy it."}, {"start": "00:47:50", "end": "00:47:53", "text": ">> Nice. I got to tell you like we talked"}, {"start": "00:47:52", "end": "00:47:56", "text": "about before and then just answer your"}, {"start": "00:47:53", "end": "00:47:57", "text": "question. Yes, Jerry does have his own"}, {"start": "00:47:56", "end": "00:47:59", "text": "channel."}, {"start": "00:47:57", "end": "00:48:00", "text": "It's very good stuff. Understanding"}, {"start": "00:47:59", "end": "00:48:02", "text": "inflation with Michael Sailor three"}, {"start": "00:48:00", "end": "00:48:05", "text": "years ago."}, {"start": "00:48:02", "end": "00:48:07", "text": "Nice. Yeah, I was active. There was a"}, {"start": "00:48:05", "end": "00:48:10", "text": "period of time where I was active."}, {"start": "00:48:07", "end": "00:48:12", "text": ">> Michael Casey,"}, {"start": "00:48:10", "end": "00:48:15", "text": "didn't you have Ra Pal on? He had Jungle"}, {"start": "00:48:12", "end": "00:48:18", "text": "Pal. Rob from Digital Asset News. I had"}, {"start": "00:48:15", "end": "00:48:19", "text": "a whole bunch of famous people."}, {"start": "00:48:18", "end": "00:48:22", "text": ">> And this guy's got a big head. All"}, {"start": "00:48:19", "end": "00:48:22", "text": "right."}, {"start": "00:48:24", "end": "00:48:31", "text": "Uh, let's see what else. I think that's"}, {"start": "00:48:27", "end": "00:48:33", "text": "it. Hold on. All right, everybody."}, {"start": "00:48:31", "end": "00:48:35", "text": "That's it for today. So like today's"}, {"start": "00:48:33", "end": "00:48:37", "text": "video, thumbs up, subscribe, go check"}, {"start": "00:48:35", "end": "00:48:39", "text": "out computeportal.io."}, {"start": "00:48:37", "end": "00:48:41", "text": "And that's it for this one. Again, not"}, {"start": "00:48:39", "end": "00:48:42", "text": "financial advice, all that great stuff."}, {"start": "00:48:41", "end": "00:48:43", "text": "Enjoy the rest of your weekend,"}, {"start": "00:48:42", "end": "00:48:47", "text": "everybody. See you in the next"}, {"start": "00:48:43", "end": "00:48:47", "text": ">> enjoy. Adios."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Then Voyager did something incredibly"}, {"start": "00:00:01", "end": "00:00:05", "text": "stupid. They did an I talked about this"}, {"start": "00:00:03", "end": "00:00:07", "text": "many times. They did an uncollateralized"}, {"start": "00:00:05", "end": "00:00:10", "text": "loan"}, {"start": "00:00:07", "end": "00:00:11", "text": "for like $640 million. dollars"}, {"start": "00:00:10", "end": "00:00:13", "text": "to Three Arrows Capital, which of course"}, {"start": "00:00:11", "end": "00:00:15", "text": "were"}, {"start": "00:00:13", "end": "00:00:17", "text": "you know, the greatest"}, {"start": "00:00:15", "end": "00:00:19", "text": "greatest traders,"}, {"start": "00:00:17", "end": "00:00:20", "text": "greatest market makers out there."}, {"start": "00:00:19", "end": "00:00:22", "text": "And of course they were a bunch of"}, {"start": "00:00:20", "end": "00:00:23", "text": "filthy liars, too."}, {"start": "00:00:22", "end": "00:00:25", "text": "So,"}, {"start": "00:00:23", "end": "00:00:28", "text": "once we found out that there was an"}, {"start": "00:00:25", "end": "00:00:30", "text": "uncollateralized loan, we did a video."}, {"start": "00:00:28", "end": "00:00:32", "text": "Then 2 weeks later Voyager collapsed."}, {"start": "00:00:30", "end": "00:00:34", "text": "Actually, because of Voyager, that's why"}, {"start": "00:00:32", "end": "00:00:36", "text": "I have these rules. Actually, it's"}, {"start": "00:00:34", "end": "00:00:39", "text": "Voyager and Celsius, but Voyager I"}, {"start": "00:00:36", "end": "00:00:39", "text": "really cemented it."}]

[{"start": "00:00:01", "end": "00:00:04", "text": "You know, not every day has negative"}, {"start": "00:00:03", "end": "00:00:06", "text": "news. Days like today where there's"}, {"start": "00:00:04", "end": "00:00:10", "text": "nothing but good news, we'll take it as"}, {"start": "00:00:06", "end": "00:00:13", "text": "a win. And it all starts with DJT. So,"}, {"start": "00:00:10", "end": "00:00:14", "text": "let me put on my geopolitical expert hat"}, {"start": "00:00:13", "end": "00:00:16", "text": "as we go talk through this. But this is"}, {"start": "00:00:14", "end": "00:00:19", "text": "a good thing. This was actually posted"}, {"start": "00:00:16", "end": "00:00:20", "text": "on Truth Social. Gosh, when was this?"}, {"start": "00:00:19", "end": "00:00:25", "text": "Well, actually, it's from the White the"}, {"start": "00:00:20", "end": "00:00:28", "text": "official White House uh X account. This"}, {"start": "00:00:25", "end": "00:00:31", "text": "was uh just this morning, roughly about"}, {"start": "00:00:28", "end": "00:00:33", "text": "three hours ago or so. And the president"}, {"start": "00:00:31", "end": "00:00:35", "text": "of the United States states, the Islamic"}, {"start": "00:00:33", "end": "00:00:38", "text": "Republic of Iran has asked us to"}, {"start": "00:00:35", "end": "00:00:40", "text": "continue talks. We have agreed to do so,"}, {"start": "00:00:38", "end": "00:00:42", "text": "but the United States has stated them in"}, {"start": "00:00:40", "end": "00:00:45", "text": "no uncertain terms that the ceasefire is"}, {"start": "00:00:42", "end": "00:00:48", "text": "over. In no uncertain terms that the"}, {"start": "00:00:45", "end": "00:00:50", "text": "ceasefire is over. Thank you for your"}, {"start": "00:00:48", "end": "00:00:53", "text": "attention this matter, President DJT."}, {"start": "00:00:50", "end": "00:00:54", "text": "Donald J. Trump. So, that's actually"}, {"start": "00:00:53", "end": "00:00:56", "text": "good. And I'm sure the markets"}, {"start": "00:00:54", "end": "00:00:58", "text": "responded. Although I got to tell you,"}, {"start": "00:00:56", "end": "00:01:00", "text": "the last time that we saw this collapse"}, {"start": "00:00:58", "end": "00:01:01", "text": "as the memorandum of understanding"}, {"start": "00:01:00", "end": "00:01:03", "text": "actually fell through and the peace"}, {"start": "00:01:01", "end": "00:01:05", "text": "talks went out the window, market didn't"}, {"start": "00:01:03", "end": "00:01:06", "text": "really care too much. Today, Bitcoin is"}, {"start": "00:01:05", "end": "00:01:10", "text": "doing pretty good. But it's not just"}, {"start": "00:01:06", "end": "00:01:13", "text": "that as far as good news. This was u the"}, {"start": "00:01:10", "end": "00:01:15", "text": "VP, the vice chair of Coinbase as he"}, {"start": "00:01:13", "end": "00:01:17", "text": "came on Fox Business and talks about the"}, {"start": "00:01:15", "end": "00:01:19", "text": "Clarity Act. Now, I have not been too"}, {"start": "00:01:17", "end": "00:01:21", "text": "bullish on the Clarity Act. Of course,"}, {"start": "00:01:19", "end": "00:01:24", "text": "when this uh when the whole proposal"}, {"start": "00:01:21", "end": "00:01:26", "text": "came and went in in uh gosh, just this"}, {"start": "00:01:24", "end": "00:01:28", "text": "uh last week, there was supposed to be"}, {"start": "00:01:26", "end": "00:01:30", "text": "it passing, it's supposed to be pretty"}, {"start": "00:01:28", "end": "00:01:31", "text": "good. Now, it gets pushed to August, but"}, {"start": "00:01:30", "end": "00:01:33", "text": "maybe I'm being too harsh. So, I'm going"}, {"start": "00:01:31", "end": "00:01:35", "text": "to open up my mind a little bit and hear"}, {"start": "00:01:33", "end": "00:01:37", "text": "what the vice chair of Coinbase has to"}, {"start": "00:01:35", "end": "00:01:39", "text": "say. Take a listen to this regulation"}, {"start": "00:01:37", "end": "00:01:41", "text": "for this space. And I can tell you"}, {"start": "00:01:39", "end": "00:01:44", "text": "firsthand as a former senior regulator"}, {"start": "00:01:41", "end": "00:01:46", "text": "at the SEC, we believe and we embrace"}, {"start": "00:01:44", "end": "00:01:49", "text": "the importance of regulation because"}, {"start": "00:01:46", "end": "00:01:51", "text": "regulation and clarity in this space is"}, {"start": "00:01:49", "end": "00:01:53", "text": "going to protect uh investors. It's"}, {"start": "00:01:51", "end": "00:01:55", "text": "going to foster innovation and it's"}, {"start": "00:01:53", "end": "00:01:58", "text": "going to allow the US to lead in this"}, {"start": "00:01:55", "end": "00:02:00", "text": "space. And so I greatly encouraged by"}, {"start": "00:01:58", "end": "00:02:02", "text": "what we are seeing with the clarity act"}, {"start": "00:02:00", "end": "00:02:05", "text": "because it has that vision in mind. It"}, {"start": "00:02:02", "end": "00:02:07", "text": "has customer protections in mind and"}, {"start": "00:02:05", "end": "00:02:10", "text": "maybe even more importantly it is a"}, {"start": "00:02:07", "end": "00:02:12", "text": "bipartisan effort because what we are"}, {"start": "00:02:10", "end": "00:02:14", "text": "seeing on the ground is a concerted"}, {"start": "00:02:12", "end": "00:02:17", "text": "group of Democratic and Republican"}, {"start": "00:02:14", "end": "00:02:20", "text": "senators working around the clock to get"}, {"start": "00:02:17", "end": "00:02:22", "text": "this across the finish line."}, {"start": "00:02:20", "end": "00:02:24", "text": ">> And you know I have to say that is true"}, {"start": "00:02:22", "end": "00:02:26", "text": "because the United States crypto digital"}, {"start": "00:02:24", "end": "00:02:28", "text": "assets there's a lot of people who"}, {"start": "00:02:26", "end": "00:02:29", "text": "actually like them. However, if you take"}, {"start": "00:02:28", "end": "00:02:32", "text": "a look at the sentiment of the last"}, {"start": "00:02:29", "end": "00:02:33", "text": "Super Bowl commercial from Coinbase, as"}, {"start": "00:02:32", "end": "00:02:34", "text": "there was a I don't know if you remember"}, {"start": "00:02:33", "end": "00:02:37", "text": "this, but it was was a big group of"}, {"start": "00:02:34", "end": "00:02:38", "text": "people and Coinbase played their their"}, {"start": "00:02:37", "end": "00:02:40", "text": "uh their commercial and it was some kind"}, {"start": "00:02:38", "end": "00:02:41", "text": "of singalong type of thing and as soon"}, {"start": "00:02:40", "end": "00:02:44", "text": "as it was known that it was Coinbase,"}, {"start": "00:02:41", "end": "00:02:45", "text": "everybody started to boo. So, the reason"}, {"start": "00:02:44", "end": "00:02:47", "text": "why this is important is because it's"}, {"start": "00:02:45", "end": "00:02:49", "text": "all about the constituents and what the"}, {"start": "00:02:47", "end": "00:02:51", "text": "constituents want for that particular"}, {"start": "00:02:49", "end": "00:02:53", "text": "state. So, if there's two people or"}, {"start": "00:02:51", "end": "00:02:55", "text": "there's two different opposing parties"}, {"start": "00:02:53", "end": "00:02:57", "text": "working together, maybe that's good."}, {"start": "00:02:55", "end": "00:02:59", "text": "Maybe I'm incorrect. maybe they will"}, {"start": "00:02:57", "end": "00:03:01", "text": "come together Kumbaya and everybody will"}, {"start": "00:02:59", "end": "00:03:03", "text": "pass it. That sounds fantastic because"}, {"start": "00:03:01", "end": "00:03:04", "text": "if it does happen that means that the uh"}, {"start": "00:03:03", "end": "00:03:06", "text": "price will go up pretty well and I'd"}, {"start": "00:03:04", "end": "00:03:09", "text": "like to see that actually move forward."}, {"start": "00:03:06", "end": "00:03:13", "text": "So that again was the vice chair uh or"}, {"start": "00:03:09", "end": "00:03:15", "text": "the vice chair of Coinbase and that is"}, {"start": "00:03:13", "end": "00:03:19", "text": "just one side of the story. There's also"}, {"start": "00:03:15", "end": "00:03:21", "text": "this little tidbit from Ellen Tourett"}, {"start": "00:03:19", "end": "00:03:22", "text": "just in for the Clarity Act to advance"}, {"start": "00:03:21", "end": "00:03:24", "text": "an ethics agreement is the key to"}, {"start": "00:03:22", "end": "00:03:27", "text": "unlocking the rest of the negotiations."}, {"start": "00:03:24", "end": "00:03:29", "text": "Ellen Tret talks about states if we can"}, {"start": "00:03:27", "end": "00:03:30", "text": "get the ethics the rest of the bill will"}, {"start": "00:03:29", "end": "00:03:32", "text": "come together. What this really comes"}, {"start": "00:03:30", "end": "00:03:34", "text": "down to is essentially the president of"}, {"start": "00:03:32", "end": "00:03:36", "text": "the United States and his family willing"}, {"start": "00:03:34", "end": "00:03:38", "text": "to step aside for the good of the crypto"}, {"start": "00:03:36", "end": "00:03:41", "text": "community to actually get this actually"}, {"start": "00:03:38", "end": "00:03:44", "text": "passed. It all comes down to look we"}, {"start": "00:03:41", "end": "00:03:47", "text": "have well the Congress has the stock act"}, {"start": "00:03:44", "end": "00:03:49", "text": "which essentially says officials cannot"}, {"start": "00:03:47", "end": "00:03:52", "text": "trade on insider information that is"}, {"start": "00:03:49", "end": "00:03:54", "text": "being put forth so they can reap the"}, {"start": "00:03:52", "end": "00:03:56", "text": "rewards in the traditional market"}, {"start": "00:03:54", "end": "00:03:58", "text": "equities stock space. Makes sense,"}, {"start": "00:03:56", "end": "00:03:59", "text": "right? We don't want people with inside"}, {"start": "00:03:58", "end": "00:04:01", "text": "information. It's the same thing here"}, {"start": "00:03:59", "end": "00:04:03", "text": "with crypto. So they're saying look if"}, {"start": "00:04:01", "end": "00:04:05", "text": "you agree to this and it's not just the"}, {"start": "00:04:03", "end": "00:04:07", "text": "president and his family. You have to"}, {"start": "00:04:05", "end": "00:04:09", "text": "understand that it's not like President"}, {"start": "00:04:07", "end": "00:04:12", "text": "Donald Trump has to step down, Eric has"}, {"start": "00:04:09", "end": "00:04:14", "text": "to step down, Junior has to step down."}, {"start": "00:04:12", "end": "00:04:17", "text": "It's for every official that has insider"}, {"start": "00:04:14", "end": "00:04:20", "text": "information. They are not allowed to"}, {"start": "00:04:17", "end": "00:04:21", "text": "trade it. I think that's reasonable."}, {"start": "00:04:20", "end": "00:04:24", "text": "Anyhow, if that actually goes through,"}, {"start": "00:04:21", "end": "00:04:26", "text": "they pretty big. So, there's that good"}, {"start": "00:04:24", "end": "00:04:27", "text": "news. Maybe I was wrong and clarity gets"}, {"start": "00:04:26", "end": "00:04:30", "text": "gets pushed forward. Again, this is"}, {"start": "00:04:27", "end": "00:04:32", "text": "Friday good news day, so we'll see how"}, {"start": "00:04:30", "end": "00:04:34", "text": "this works out. As a reminder though,"}, {"start": "00:04:32", "end": "00:04:38", "text": "we're doing pretty good as far as like"}, {"start": "00:04:34", "end": "00:04:42", "text": "timelines. This was from CoinDesk and I"}, {"start": "00:04:38", "end": "00:04:45", "text": "didn't realize this, but the 60K to 69K"}, {"start": "00:04:42", "end": "00:04:49", "text": "or 70,000 essentially 60 69K. This is"}, {"start": "00:04:45", "end": "00:04:52", "text": "the third longest amount of time that"}, {"start": "00:04:49", "end": "00:04:55", "text": "the price range of Bitcoin has been"}, {"start": "00:04:52", "end": "00:04:59", "text": "within this parameter between 60 and"}, {"start": "00:04:55", "end": "00:05:03", "text": "699. Look at that. between 10K and 199."}, {"start": "00:04:59", "end": "00:05:06", "text": "That was the longest over a year, 425 26"}, {"start": "00:05:03", "end": "00:05:08", "text": "days. The second longest was 20 to 29K"}, {"start": "00:05:06", "end": "00:05:13", "text": "days. Now, you would think it would just"}, {"start": "00:05:08", "end": "00:05:17", "text": "fall in line. 30 40 50. Nope. 60K to"}, {"start": "00:05:13", "end": "00:05:20", "text": "69K. How long has that been going on? 37"}, {"start": "00:05:17", "end": "00:05:22", "text": "days in the 60 to 70K range. Why is that"}, {"start": "00:05:20", "end": "00:05:24", "text": "such a big thing? It's because it's"}, {"start": "00:05:22", "end": "00:05:26", "text": "stability. I know people already like"}, {"start": "00:05:24", "end": "00:05:29", "text": "stability. Actually, they like the"}, {"start": "00:05:26", "end": "00:05:31", "text": "volatility if it goes up. Only crazy"}, {"start": "00:05:29", "end": "00:05:33", "text": "people like us like it when it goes down"}, {"start": "00:05:31", "end": "00:05:36", "text": "because we start to buy more. But as a"}, {"start": "00:05:33", "end": "00:05:38", "text": "reminder again, the volatility has"}, {"start": "00:05:36", "end": "00:05:40", "text": "decreased greatly. If we go back four"}, {"start": "00:05:38", "end": "00:05:44", "text": "years, we're actually at this point of"}, {"start": "00:05:40", "end": "00:05:50", "text": "July 10th, 2022, we're down 68%."}, {"start": "00:05:44", "end": "00:05:52", "text": "Today, we are down 19% less at 49%."}, {"start": "00:05:50", "end": "00:05:57", "text": "That's pretty good. I'll take that. 68"}, {"start": "00:05:52", "end": "00:06:00", "text": "48. Yeah, at 60 almost 64,000. And then"}, {"start": "00:05:57", "end": "00:06:01", "text": "as a reminder, if you're not buying, I"}, {"start": "00:06:00", "end": "00:06:03", "text": "can't tell you to buy. I'm just saying"}, {"start": "00:06:01", "end": "00:06:05", "text": "personally I'm buying. I think this is a"}, {"start": "00:06:03", "end": "00:06:07", "text": "pretty good time to to buy as far like"}, {"start": "00:06:05", "end": "00:06:09", "text": "200 moving average time frames, four"}, {"start": "00:06:07", "end": "00:06:11", "text": "year cycles, everything else. If we're"}, {"start": "00:06:09", "end": "00:06:13", "text": "in this range right here and everything"}, {"start": "00:06:11", "end": "00:06:14", "text": "stays the same, well, first of all, if"}, {"start": "00:06:13", "end": "00:06:16", "text": "everything stays the same as far as like"}, {"start": "00:06:14", "end": "00:06:17", "text": "four years ago, we'll be down 65% in no"}, {"start": "00:06:16", "end": "00:06:20", "text": "time. I don't think it's going to"}, {"start": "00:06:17", "end": "00:06:22", "text": "happen, but it could. But around this"}, {"start": "00:06:20", "end": "00:06:25", "text": "time going all the way into November,"}, {"start": "00:06:22", "end": "00:06:26", "text": "December, that's when we see a lot of"}, {"start": "00:06:25", "end": "00:06:29", "text": "the drop off. Again, these prices are"}, {"start": "00:06:26", "end": "00:06:30", "text": "just estimations based on four years"}, {"start": "00:06:29", "end": "00:06:32", "text": "previously. And I can just tell you"}, {"start": "00:06:30", "end": "00:06:33", "text": "right now, it looks a little bit crazy"}, {"start": "00:06:32", "end": "00:06:35", "text": "going out to 75%. That's what happened"}, {"start": "00:06:33", "end": "00:06:38", "text": "last time. But if you think about it"}, {"start": "00:06:35", "end": "00:06:41", "text": "right here at 64K, 63, 62, we'll just"}, {"start": "00:06:38", "end": "00:06:44", "text": "round down for a second. 60K. As time"}, {"start": "00:06:41", "end": "00:06:47", "text": "goes on, the price of Bitcoin usually"}, {"start": "00:06:44", "end": "00:06:50", "text": "goes up. I like these days. And just to"}, {"start": "00:06:47", "end": "00:06:52", "text": "get here in April 3rd, 2028,"}, {"start": "00:06:50", "end": "00:06:54", "text": "whatever dollar you put into Bitcoin"}, {"start": "00:06:52", "end": "00:06:58", "text": "around below the 200E moving average"}, {"start": "00:06:54", "end": "00:07:01", "text": "roughly, you get double"}, {"start": "00:06:58", "end": "00:07:04", "text": "and essentially two years. That's not"}, {"start": "00:07:01", "end": "00:07:06", "text": "bad. And then if we keep going further"}, {"start": "00:07:04", "end": "00:07:09", "text": "until like May, June,"}, {"start": "00:07:06", "end": "00:07:12", "text": "July, August, September,"}, {"start": "00:07:09", "end": "00:07:14", "text": "180,000. Now, I personally don't think"}, {"start": "00:07:12", "end": "00:07:15", "text": "that we're going to hit 180,000. I'm"}, {"start": "00:07:14", "end": "00:07:18", "text": "going to be ultraconervative and say"}, {"start": "00:07:15", "end": "00:07:20", "text": "that the next blowoff top, here's my"}, {"start": "00:07:18", "end": "00:07:23", "text": "price prediction, is somewhere between"}, {"start": "00:07:20", "end": "00:07:25", "text": "$2, no, I'm just kidding. I think it's"}, {"start": "00:07:23", "end": "00:07:28", "text": "going to be somewhere between"}, {"start": "00:07:25", "end": "00:07:30", "text": "130,000 and 160,000."}, {"start": "00:07:28", "end": "00:07:34", "text": "You should mark that. That's probably"}, {"start": "00:07:30", "end": "00:07:37", "text": "going to be be referenced. I think 160K"}, {"start": "00:07:34", "end": "00:07:40", "text": "is a reasonable number to actually go up"}, {"start": "00:07:37", "end": "00:07:44", "text": "from 126K or whatever we were at before"}, {"start": "00:07:40", "end": "00:07:46", "text": "to go to 160K, maybe 150K."}, {"start": "00:07:44", "end": "00:07:47", "text": "I could sell at that. So, anyhow, let me"}, {"start": "00:07:46", "end": "00:07:50", "text": "think about that in the comment section."}, {"start": "00:07:47", "end": "00:07:53", "text": "And then just to finish up as far as"}, {"start": "00:07:50", "end": "00:07:56", "text": "good news goes, uh Robin Hood, which has"}, {"start": "00:07:53", "end": "00:07:58", "text": "its own chain, processed more than $560"}, {"start": "00:07:56", "end": "00:08:01", "text": "million in DEX volume and that flipped"}, {"start": "00:07:58", "end": "00:08:02", "text": "Hyperlid. Sorry for if you're a Hyperlid"}, {"start": "00:08:01", "end": "00:08:06", "text": "owner. I think you're doing just fine"}, {"start": "00:08:02", "end": "00:08:08", "text": "though with your massive massive uh"}, {"start": "00:08:06", "end": "00:08:09", "text": "price appreciation. So, that is good."}, {"start": "00:08:08", "end": "00:08:12", "text": "And I had to take a look at like what"}, {"start": "00:08:09", "end": "00:08:15", "text": "the heck is Robin Hood chain? Is it just"}, {"start": "00:08:12", "end": "00:08:19", "text": "their own permission and apparently it"}, {"start": "00:08:15", "end": "00:08:22", "text": "is a layer 2 built on Ethereum and more"}, {"start": "00:08:19", "end": "00:08:24", "text": "specifically arbitum? So Robin Hood's"}, {"start": "00:08:22", "end": "00:08:26", "text": "choice to use Ethereum further"}, {"start": "00:08:24", "end": "00:08:28", "text": "solidifies its position as the ultimate"}, {"start": "00:08:26", "end": "00:08:30", "text": "settlement layer and liquidity"}, {"start": "00:08:28", "end": "00:08:32", "text": "foundation for tokenized assets. So"}, {"start": "00:08:30", "end": "00:08:35", "text": "again, the Robin Hood chain sits on"}, {"start": "00:08:32", "end": "00:08:37", "text": "Ethereum. Specifically, Robin Hood chain"}, {"start": "00:08:35", "end": "00:08:41", "text": "and EVM Ethereum virtual machine"}, {"start": "00:08:37", "end": "00:08:44", "text": "compatible arbitrum arbitrum arbitum"}, {"start": "00:08:41", "end": "00:08:46", "text": "based layer 2 network that uses ETH as"}, {"start": "00:08:44", "end": "00:08:49", "text": "its native gas token. I guess that would"}, {"start": "00:08:46", "end": "00:08:51", "text": "be considered utility, right? Gas,"}, {"start": "00:08:49", "end": "00:08:53", "text": "Ethereum. Just putting that out there."}, {"start": "00:08:51", "end": "00:08:55", "text": "Robin Hood has also offered tokenized"}, {"start": "00:08:53", "end": "00:08:57", "text": "stocks to customers in more than 120"}, {"start": "00:08:55", "end": "00:08:59", "text": "countries, responding to a surging"}, {"start": "00:08:57", "end": "00:09:01", "text": "demand for tokenized US equity. So,"}, {"start": "00:08:59", "end": "00:09:03", "text": "congratulations for all the ETH holders,"}, {"start": "00:09:01", "end": "00:09:04", "text": "arbitum holders. You kind of don't think"}, {"start": "00:09:03", "end": "00:09:07", "text": "you can hold Robin Hood. You don't"}, {"start": "00:09:04", "end": "00:09:10", "text": "actually exist uh for the uh normals the"}, {"start": "00:09:07", "end": "00:09:11", "text": "normies outside of Robin Hood, but"}, {"start": "00:09:10", "end": "00:09:12", "text": "that's great. Look at the rails. Look"}, {"start": "00:09:11", "end": "00:09:14", "text": "what people are building on. That could"}, {"start": "00:09:12", "end": "00:09:16", "text": "be something. And then speaking of"}, {"start": "00:09:14", "end": "00:09:19", "text": "which, yesterday we talked about Swift"}, {"start": "00:09:16", "end": "00:09:20", "text": "and we talked Swift is the messaging"}, {"start": "00:09:19", "end": "00:09:22", "text": "service where all the banks transfer"}, {"start": "00:09:20", "end": "00:09:24", "text": "everything out. It's like a like I said"}, {"start": "00:09:22", "end": "00:09:26", "text": "like a messaging service when you move"}, {"start": "00:09:24", "end": "00:09:28", "text": "money around. And I talked about uh that"}, {"start": "00:09:26", "end": "00:09:30", "text": "it's built on Lana. I said it was a"}, {"start": "00:09:28", "end": "00:09:33", "text": "permissioned, which is true, a"}, {"start": "00:09:30", "end": "00:09:34", "text": "centralized, which is also true, uh,"}, {"start": "00:09:33", "end": "00:09:38", "text": "blockchain that you can't buy, which was"}, {"start": "00:09:34", "end": "00:09:40", "text": "false. Lana, which I had totally"}, {"start": "00:09:38", "end": "00:09:42", "text": "forgotten about, ranked number 178. You"}, {"start": "00:09:40", "end": "00:09:44", "text": "actually can buy Lana and however you"}, {"start": "00:09:42", "end": "00:09:48", "text": "say it. Lineia, Lana, I'm not for sure,"}, {"start": "00:09:44", "end": "00:09:49", "text": "but it's ranked 178 and uh, it's at"}, {"start": "00:09:48", "end": "00:09:51", "text": "0.002."}, {"start": "00:09:49", "end": "00:09:55", "text": "And just so you know that over one year,"}, {"start": "00:09:51", "end": "00:09:56", "text": "it's down uh, roughly 90%. So, hey,"}, {"start": "00:09:55", "end": "00:09:58", "text": "maybe this is something good for you."}, {"start": "00:09:56", "end": "00:09:59", "text": "Uh, but yeah, I got that one wrong."}, {"start": "00:09:58", "end": "00:10:02", "text": "Lana, you can actually buy it. I will"}, {"start": "00:09:59", "end": "00:10:03", "text": "not be buying that, but good luck with"}, {"start": "00:10:02", "end": "00:10:05", "text": "all those things. So, everything we just"}, {"start": "00:10:03", "end": "00:10:08", "text": "talked about, I just want to wrap it up"}, {"start": "00:10:05", "end": "00:10:11", "text": "into this. Get some storage."}, {"start": "00:10:08", "end": "00:10:13", "text": "Get some security. I don't care if"}, {"start": "00:10:11", "end": "00:10:14", "text": "you're making, like I said, like for"}, {"start": "00:10:13", "end": "00:10:16", "text": "every dollar you put in, you get $2 or"}, {"start": "00:10:14", "end": "00:10:18", "text": "maybe even three, especially if you're"}, {"start": "00:10:16", "end": "00:10:19", "text": "going, you know, on the o opposite way"}, {"start": "00:10:18", "end": "00:10:21", "text": "and and getting into some altcoins,"}, {"start": "00:10:19", "end": "00:10:22", "text": "stuff like that. whatever it is that"}, {"start": "00:10:21", "end": "00:10:24", "text": "you're getting into, I do not want to"}, {"start": "00:10:22", "end": "00:10:26", "text": "get an email from you saying, \"Rob, I"}, {"start": "00:10:24", "end": "00:10:28", "text": "just lost my entire life savings. What"}, {"start": "00:10:26", "end": "00:10:29", "text": "do I do?\" Which I get roughly an email"}, {"start": "00:10:28", "end": "00:10:33", "text": "every couple weeks from somebody like"}, {"start": "00:10:29", "end": "00:10:36", "text": "that. Uh, just remember Ledger, I mean,"}, {"start": "00:10:33", "end": "00:10:37", "text": "it's not I'm I don't I use it. Actually,"}, {"start": "00:10:36", "end": "00:10:38", "text": "I don't even use it. What am I saying? I"}, {"start": "00:10:37", "end": "00:10:41", "text": "don't even use Ledger anymore. I use"}, {"start": "00:10:38", "end": "00:10:42", "text": "Tang and I trust. I got to I got to"}, {"start": "00:10:41", "end": "00:10:43", "text": "replace this. That is not true. Just"}, {"start": "00:10:42", "end": "00:10:46", "text": "want to let everybody know. I don't use"}, {"start": "00:10:43", "end": "00:10:48", "text": "Ledger. And not because it sucks. It's"}, {"start": "00:10:46", "end": "00:10:51", "text": "just that I don't like Ledger. And uh"}, {"start": "00:10:48", "end": "00:10:52", "text": "yeah, so a tandem and iTrust as far as"}, {"start": "00:10:51", "end": "00:10:54", "text": "custodial services kind of important."}, {"start": "00:10:52", "end": "00:10:58", "text": "It's the same one that uh talking about"}, {"start": "00:10:54", "end": "00:11:00", "text": "iTrust, Coinbase, and Fidelity use."}, {"start": "00:10:58", "end": "00:11:02", "text": "Right now, moving forward, everybody on"}, {"start": "00:11:00", "end": "00:11:04", "text": "this channel, you guys have your own"}, {"start": "00:11:02", "end": "00:11:06", "text": "person you can talk to. His name is Ryan"}, {"start": "00:11:04", "end": "00:11:08", "text": "Rankin over at iTrust. There's the"}, {"start": "00:11:06", "end": "00:11:09", "text": "number. They're in California. I've met"}, {"start": "00:11:08", "end": "00:11:11", "text": "them. They're real people. I've been"}, {"start": "00:11:09", "end": "00:11:14", "text": "with them as far as for my Roth IRA"}, {"start": "00:11:11", "end": "00:11:16", "text": "since 2020. Yeah. And then as far as"}, {"start": "00:11:14", "end": "00:11:18", "text": "like custodial service, it's been two"}, {"start": "00:11:16", "end": "00:11:20", "text": "years. and I actually cashed out with"}, {"start": "00:11:18", "end": "00:11:22", "text": "them recently. It was like November,"}, {"start": "00:11:20", "end": "00:11:24", "text": "December, something like that. And uh"}, {"start": "00:11:22", "end": "00:11:26", "text": "yeah, it worked out pretty well. So"}, {"start": "00:11:24", "end": "00:11:27", "text": "there's the number. Talk to a real"}, {"start": "00:11:26", "end": "00:11:28", "text": "person. That's custodial services."}, {"start": "00:11:27", "end": "00:11:30", "text": "That's the one I use. Or if you want to"}, {"start": "00:11:28", "end": "00:11:32", "text": "do like a Roth IRA, it's up to you. And"}, {"start": "00:11:30", "end": "00:11:33", "text": "that's it for today. So look, if you"}, {"start": "00:11:32", "end": "00:11:35", "text": "like today's video, give it a thumbs up."}, {"start": "00:11:33", "end": "00:11:38", "text": "Consider subscribing. We talk about is"}, {"start": "00:11:35", "end": "00:11:39", "text": "timesensitive roughly. But now, let's"}, {"start": "00:11:38", "end": "00:11:40", "text": "get into a little Q&A and I'll answer"}, {"start": "00:11:39", "end": "00:11:42", "text": "all your questions and we'll get out of"}, {"start": "00:11:40", "end": "00:11:45", "text": "here and enjoy the beautiful weekend"}, {"start": "00:11:42", "end": "00:11:47", "text": "ahead of us. All right."}, {"start": "00:11:45", "end": "00:11:50", "text": "and he says,"}, {"start": "00:11:47", "end": "00:11:52", "text": "\"Ledger, keep your seed phrase. A"}, {"start": "00:11:50", "end": "00:11:54", "text": "firmware upgrade will mess it up.\" I I"}, {"start": "00:11:52", "end": "00:11:57", "text": "never had a problem with with the um"}, {"start": "00:11:54", "end": "00:12:00", "text": "with the firmware, per se. I know other"}, {"start": "00:11:57", "end": "00:12:02", "text": "people have, and I'm not here to bash uh"}, {"start": "00:12:00", "end": "00:12:04", "text": "Ledger. I mean, they've been around for"}, {"start": "00:12:02", "end": "00:12:06", "text": "quite some time. They've never been"}, {"start": "00:12:04", "end": "00:12:08", "text": "hacked. Actually, that's not true. Um"}, {"start": "00:12:06", "end": "00:12:12", "text": "personal information was hacked, but you"}, {"start": "00:12:08", "end": "00:12:12", "text": "know, hey,"}, {"start": "00:12:12", "end": "00:12:14", "text": "I'm not even going to say something"}, {"start": "00:12:12", "end": "00:12:18", "text": "funny. It's it's it's not good because"}, {"start": "00:12:14", "end": "00:12:21", "text": "your personal information is out there."}, {"start": "00:12:18", "end": "00:12:22", "text": "Kind of sucks. But uh I mean Ledgers"}, {"start": "00:12:21", "end": "00:12:24", "text": "that's never been hacked. It seems to be"}, {"start": "00:12:22", "end": "00:12:25", "text": "very resilient and they're doing the"}, {"start": "00:12:24", "end": "00:12:27", "text": "best they possibly can. I just don't"}, {"start": "00:12:25", "end": "00:12:29", "text": "like the interface. I don't like the"}, {"start": "00:12:27", "end": "00:12:31", "text": "device. I just find it to be clunky and"}, {"start": "00:12:29", "end": "00:12:32", "text": "just don't like it. I like Tandem. I"}, {"start": "00:12:31", "end": "00:12:35", "text": "like the card. I like the fact that I"}, {"start": "00:12:32", "end": "00:12:37", "text": "don't have pneumonic phrases. They give"}, {"start": "00:12:35", "end": "00:12:39", "text": "you the option to do a seed phrase or"}, {"start": "00:12:37", "end": "00:12:41", "text": "just on a card and I just did on the"}, {"start": "00:12:39", "end": "00:12:43", "text": "card. I don't like seed phrases rolling"}, {"start": "00:12:41", "end": "00:12:45", "text": "around. I don't like them on a piece of"}, {"start": "00:12:43", "end": "00:12:48", "text": "paper. I don't like them in the bank. I"}, {"start": "00:12:45", "end": "00:12:51", "text": "don't like them on a bus. I don't like"}, {"start": "00:12:48", "end": "00:12:53", "text": "them with a truss. This is Dr. Seuss,"}, {"start": "00:12:51", "end": "00:12:55", "text": "but um you get what I'm saying. I just"}, {"start": "00:12:53", "end": "00:12:57", "text": "don't like to put that out there on the"}, {"start": "00:12:55", "end": "00:12:58", "text": "cards. I'm good. And people say, \"Well,"}, {"start": "00:12:57", "end": "00:13:00", "text": "what if they what if they get your card?"}, {"start": "00:12:58", "end": "00:13:01", "text": "Can't they take all your crypto?\" No,"}, {"start": "00:13:00", "end": "00:13:03", "text": "it's not how it works. There's a link in"}, {"start": "00:13:01", "end": "00:13:05", "text": "the description. Watch the video. Uh"}, {"start": "00:13:03", "end": "00:13:06", "text": "they need essentially two of your cards"}, {"start": "00:13:05", "end": "00:13:09", "text": "to actually make that work. And if"}, {"start": "00:13:06", "end": "00:13:12", "text": "you're silly enough to walk around with"}, {"start": "00:13:09", "end": "00:13:15", "text": "two cards together and in your life"}, {"start": "00:13:12", "end": "00:13:17", "text": "savings in there, what are you doing?"}, {"start": "00:13:15", "end": "00:13:20", "text": "That's insanity."}, {"start": "00:13:17", "end": "00:13:22", "text": "All right."}, {"start": "00:13:20", "end": "00:13:23", "text": "Dick"}, {"start": "00:13:22", "end": "00:13:25", "text": "says, \"Rob, how do you feel about"}, {"start": "00:13:23", "end": "00:13:27", "text": "passing the Clarity Act during a bare"}, {"start": "00:13:25", "end": "00:13:30", "text": "market?\""}, {"start": "00:13:27", "end": "00:13:32", "text": "Like I said, I mean, it's in the midterm"}, {"start": "00:13:30", "end": "00:13:35", "text": "years."}, {"start": "00:13:32", "end": "00:13:37", "text": "Donald Trump just released his finances."}, {"start": "00:13:35", "end": "00:13:39", "text": "He made $1.4 billion dollars on meme"}, {"start": "00:13:37", "end": "00:13:42", "text": "coins."}, {"start": "00:13:39", "end": "00:13:45", "text": "The Democrats,"}, {"start": "00:13:42", "end": "00:13:48", "text": "they want to take control of the House."}, {"start": "00:13:45", "end": "00:13:50", "text": "They probably will. We'll see. And"}, {"start": "00:13:48", "end": "00:13:51", "text": "Senate will be very more a little more"}, {"start": "00:13:50", "end": "00:13:53", "text": "difficult, I think. But they don't want"}, {"start": "00:13:51", "end": "00:13:56", "text": "to give Donald Trump any kind of win."}, {"start": "00:13:53", "end": "00:13:58", "text": "And you know, once that Clarity Act"}, {"start": "00:13:56", "end": "00:14:00", "text": "passes, he is the crypto president,"}, {"start": "00:13:58", "end": "00:14:02", "text": "right? That's what he calls himself all"}, {"start": "00:14:00", "end": "00:14:05", "text": "the time. They do not want to give him"}, {"start": "00:14:02", "end": "00:14:06", "text": "any type of win. But maybe they listen"}, {"start": "00:14:05", "end": "00:14:08", "text": "to their constituents and they go"}, {"start": "00:14:06", "end": "00:14:11", "text": "against the party lines and they vote"}, {"start": "00:14:08", "end": "00:14:13", "text": "for it. It'll be interesting to see. I"}, {"start": "00:14:11", "end": "00:14:15", "text": "have no faith in any politician. So, I"}, {"start": "00:14:13", "end": "00:14:18", "text": "think it's not going to pass. It's a"}, {"start": "00:14:15", "end": "00:14:19", "text": "great question. How's your back? Back's"}, {"start": "00:14:18", "end": "00:14:21", "text": "actually my back is hurting today"}, {"start": "00:14:19", "end": "00:14:24", "text": "because I I've been taking these"}, {"start": "00:14:21", "end": "00:14:29", "text": "peptides. This BPC57"}, {"start": "00:14:24", "end": "00:14:31", "text": "and then uh the other one sank senk and"}, {"start": "00:14:29", "end": "00:14:32", "text": "uh miracle stuff works great. Then"}, {"start": "00:14:31", "end": "00:14:34", "text": "unfortunately I try to do too much and"}, {"start": "00:14:32", "end": "00:14:35", "text": "then everything starts hurting a little"}, {"start": "00:14:34", "end": "00:14:37", "text": "bit again. So I had to take a little"}, {"start": "00:14:35", "end": "00:14:39", "text": "time off. But that's why they invented"}, {"start": "00:14:37", "end": "00:14:42", "text": "beer. So that's what I'll be doing"}, {"start": "00:14:39", "end": "00:14:43", "text": "tonight."}, {"start": "00:14:42", "end": "00:14:45", "text": "Or maybe after this show it's 12"}, {"start": "00:14:43", "end": "00:14:49", "text": "o'clock. So I don't know."}, {"start": "00:14:45", "end": "00:14:50", "text": "Hello Carl. Let's see. If politicians"}, {"start": "00:14:49", "end": "00:14:51", "text": "have no incentive to pass legislation"}, {"start": "00:14:50", "end": "00:14:54", "text": "the average people's interest and they"}, {"start": "00:14:51", "end": "00:14:56", "text": "will only go things for core and big"}, {"start": "00:14:54", "end": "00:14:59", "text": "money donors. That's probably true. But,"}, {"start": "00:14:56", "end": "00:15:02", "text": "you know, to be fair, as far as like"}, {"start": "00:14:59", "end": "00:15:04", "text": "donors go, I want to say that in the"}, {"start": "00:15:02", "end": "00:15:07", "text": "last presidential election, I want to"}, {"start": "00:15:04", "end": "00:15:09", "text": "say the cryptocurrency space, they're"}, {"start": "00:15:07", "end": "00:15:11", "text": "the ones that donated the most. If it's"}, {"start": "00:15:09", "end": "00:15:14", "text": "not the most, if it's it's in the top"}, {"start": "00:15:11", "end": "00:15:15", "text": "two or three, I I'm pretty sure that,"}, {"start": "00:15:14", "end": "00:15:18", "text": "but there's also banks out there that"}, {"start": "00:15:15", "end": "00:15:20", "text": "despise crypto and for good reason. So,"}, {"start": "00:15:18", "end": "00:15:23", "text": "maybe their money shines through. I'm"}, {"start": "00:15:20", "end": "00:15:25", "text": "not for sure. They sure as heck don't"}, {"start": "00:15:23", "end": "00:15:27", "text": "didn't want this clarity and yield act"}, {"start": "00:15:25", "end": "00:15:30", "text": "to go through. So, it' be interesting to"}, {"start": "00:15:27", "end": "00:15:34", "text": "see which one wins. The old bankers"}, {"start": "00:15:30", "end": "00:15:36", "text": "or is it going to be us?"}, {"start": "00:15:34", "end": "00:15:38", "text": "I see."}, {"start": "00:15:36", "end": "00:15:41", "text": "I don't know. How else not with a mouth"}, {"start": "00:15:38", "end": "00:15:43", "text": "exactly?"}, {"start": "00:15:41", "end": "00:15:46", "text": "Yeah. Did you see the tangent fud? I did"}, {"start": "00:15:43", "end": "00:15:46", "text": "not."}, {"start": "00:15:47", "end": "00:15:52", "text": "What's going on?"}, {"start": "00:15:49", "end": "00:15:52", "text": "Let's see."}, {"start": "00:15:53", "end": "00:15:58", "text": "tandem"}, {"start": "00:15:54", "end": "00:15:58", "text": "cold wallet."}, {"start": "00:16:01", "end": "00:16:07", "text": "You know, this is the problem with uh a"}, {"start": "00:16:04", "end": "00:16:08", "text": "Google just, you know, it gives you the"}, {"start": "00:16:07", "end": "00:16:10", "text": "basic stuff. Why don't we go to the"}, {"start": "00:16:08", "end": "00:16:12", "text": "source?"}, {"start": "00:16:10", "end": "00:16:14", "text": "If there's going to be any fud, it's"}, {"start": "00:16:12", "end": "00:16:19", "text": "going to be on definitely on X. So,"}, {"start": "00:16:14", "end": "00:16:19", "text": "let's see. Let's just type in tangent."}, {"start": "00:16:26", "end": "00:16:30", "text": "Ledger's Don John team Ledger's Don John"}, {"start": "00:16:29", "end": "00:16:33", "text": "team privately notified Tangent about"}, {"start": "00:16:30", "end": "00:16:35", "text": "the laser fault injection vulnerability"}, {"start": "00:16:33", "end": "00:16:38", "text": "back on February 10th and they fine for"}, {"start": "00:16:35", "end": "00:16:40", "text": "going tangib is no firmware update"}, {"start": "00:16:38", "end": "00:16:41", "text": "design is marked as a security strength"}, {"start": "00:16:40", "end": "00:16:43", "text": "against supply chain attacks. So it"}, {"start": "00:16:41", "end": "00:16:48", "text": "means no patches possible when a"}, {"start": "00:16:43", "end": "00:16:48", "text": "silicone level flaw is found."}, {"start": "00:16:48", "end": "00:16:52", "text": "See, crypto banter is busy."}, {"start": "00:16:55", "end": "00:17:00", "text": "Oh, please. Don John found a way to make"}, {"start": "00:16:58", "end": "00:17:02", "text": "to make tangent cards misread a single"}, {"start": "00:17:00", "end": "00:17:05", "text": "security check with a precisely timed"}, {"start": "00:17:02", "end": "00:17:06", "text": "laser pulse. According to the research,"}, {"start": "00:17:05", "end": "00:17:08", "text": "that's enough to reset the password"}, {"start": "00:17:06", "end": "00:17:10", "text": "because the cards former can't be"}, {"start": "00:17:08", "end": "00:17:12", "text": "updated. There's no way to patch the bug"}, {"start": "00:17:10", "end": "00:17:13", "text": "once it's So, you're telling me that the"}, {"start": "00:17:12", "end": "00:17:17", "text": "only way this works is with a laser to"}, {"start": "00:17:13", "end": "00:17:17", "text": "the card? Okay."}, {"start": "00:17:17", "end": "00:17:23", "text": "That's dumb. But it is interesting."}, {"start": "00:17:21", "end": "00:17:25", "text": "Always good to get that stuff. See, it's"}, {"start": "00:17:23", "end": "00:17:27", "text": "amazing like how like one side will tell"}, {"start": "00:17:25", "end": "00:17:29", "text": "you like the most sensational part about"}, {"start": "00:17:27", "end": "00:17:31", "text": "it and another side will tell you this"}, {"start": "00:17:29", "end": "00:17:33", "text": "is what's going on. You're like that"}, {"start": "00:17:31", "end": "00:17:36", "text": "doesn't make any sense. I mean, I get"}, {"start": "00:17:33", "end": "00:17:38", "text": "it. It It's the same thing as like when"}, {"start": "00:17:36", "end": "00:17:40", "text": "there was a FUD piece about Ledger, how"}, {"start": "00:17:38", "end": "00:17:42", "text": "they're able to take it apart. They were"}, {"start": "00:17:40", "end": "00:17:45", "text": "able to take it apart and then take the"}, {"start": "00:17:42", "end": "00:17:48", "text": "chip and then"}, {"start": "00:17:45", "end": "00:17:49", "text": "do something with it as far as like"}, {"start": "00:17:48", "end": "00:17:52", "text": "inner access, but they had to have the"}, {"start": "00:17:49", "end": "00:17:56", "text": "physical ledger device and it had to"}, {"start": "00:17:52", "end": "00:17:59", "text": "been like a a firmware up uh nonupdate"}, {"start": "00:17:56", "end": "00:18:01", "text": "of like three updates or or two or three"}, {"start": "00:17:59", "end": "00:18:03", "text": "years back and they're able to like get"}, {"start": "00:18:01", "end": "00:18:06", "text": "in that ledger and actually hack the uh"}, {"start": "00:18:03", "end": "00:18:08", "text": "the funds which I'm like who the hell is"}, {"start": "00:18:06", "end": "00:18:10", "text": "going to do that you know? I mean, it"}, {"start": "00:18:08", "end": "00:18:12", "text": "can happen. Doesn't mean it's very"}, {"start": "00:18:10", "end": "00:18:15", "text": "likely."}, {"start": "00:18:12", "end": "00:18:15", "text": "So, same thing."}, {"start": "00:18:17", "end": "00:18:20", "text": "Yeah, you's right. I don't see anything"}, {"start": "00:18:19", "end": "00:18:22", "text": "wrong with being able to copy what"}, {"start": "00:18:20", "end": "00:18:24", "text": "politicians invest in, regardless of"}, {"start": "00:18:22", "end": "00:18:28", "text": "what spots they hold."}, {"start": "00:18:24", "end": "00:18:30", "text": "Very true. I just wish"}, {"start": "00:18:28", "end": "00:18:32", "text": "we could know that stuff earlier, like"}, {"start": "00:18:30", "end": "00:18:35", "text": "as early as they do, because we have to"}, {"start": "00:18:32", "end": "00:18:37", "text": "wait for them to file"}, {"start": "00:18:35", "end": "00:18:40", "text": "everything with,"}, {"start": "00:18:37", "end": "00:18:42", "text": "I guess, the SEC and the legalities of"}, {"start": "00:18:40", "end": "00:18:45", "text": "what they actually invested into every"}, {"start": "00:18:42", "end": "00:18:47", "text": "quarter. So, we have to wait that long"}, {"start": "00:18:45", "end": "00:18:50", "text": "for it. And of course, in crypto, that's"}, {"start": "00:18:47", "end": "00:18:50", "text": "all that's an eternity."}, {"start": "00:18:50", "end": "00:18:55", "text": "The laser. Exactly, Jimmy."}, {"start": "00:18:57", "end": "00:19:02", "text": "Let's see. Carl says, \"Hey Rob, is your"}, {"start": "00:18:59", "end": "00:19:03", "text": "prediction of 160 Bitcoin based on data"}, {"start": "00:19:02", "end": "00:19:05", "text": "or you just think it?\" I would think we"}, {"start": "00:19:03", "end": "00:19:06", "text": "would at least get to 170K considering"}, {"start": "00:19:05", "end": "00:19:09", "text": "diminishing returns. Last cycle we did"}, {"start": "00:19:06", "end": "00:19:11", "text": "7x from bottom, 5x this cycle. Yeah, but"}, {"start": "00:19:09", "end": "00:19:13", "text": "you have to look at what did we do from"}, {"start": "00:19:11", "end": "00:19:15", "text": "the top to the top. From the all-time"}, {"start": "00:19:13", "end": "00:19:19", "text": "high"}, {"start": "00:19:15", "end": "00:19:22", "text": "2021 to the all-time high 2025,"}, {"start": "00:19:19", "end": "00:19:25", "text": "October 6, that wasn't even a 2x. It was"}, {"start": "00:19:22", "end": "00:19:29", "text": "a 1.8x. And if we go back and take a"}, {"start": "00:19:25", "end": "00:19:33", "text": "look at what was the high from 2017"}, {"start": "00:19:29", "end": "00:19:37", "text": "to 2021, that was over a 3x. So you have"}, {"start": "00:19:33", "end": "00:19:39", "text": "uh three less than a two. So if we're"}, {"start": "00:19:37", "end": "00:19:41", "text": "going to go from that to 120, it's going"}, {"start": "00:19:39", "end": "00:19:43", "text": "to be way way lower than that. So the"}, {"start": "00:19:41", "end": "00:19:45", "text": "thing is though is that when we take a"}, {"start": "00:19:43", "end": "00:19:47", "text": "look at it, we always think, oh, it'll"}, {"start": "00:19:45", "end": "00:19:50", "text": "it'll keep going up and keep going up."}, {"start": "00:19:47", "end": "00:19:52", "text": "I'm going to be selling way before that"}, {"start": "00:19:50", "end": "00:19:56", "text": "and I'm just going to go from there. So"}, {"start": "00:19:52", "end": "00:19:59", "text": "yeah, that's my my rationale."}, {"start": "00:19:56", "end": "00:20:00", "text": "But of course, we'll all get and this is"}, {"start": "00:19:59", "end": "00:20:02", "text": "the problem. We'll all get kind of"}, {"start": "00:20:00", "end": "00:20:03", "text": "caught up and some kind of narrative or"}, {"start": "00:20:02", "end": "00:20:07", "text": "some kind of thing and we'll go this is"}, {"start": "00:20:03", "end": "00:20:08", "text": "going to be great. I guess so. But I"}, {"start": "00:20:07", "end": "00:20:11", "text": "think it's all about what you want to"}, {"start": "00:20:08", "end": "00:20:15", "text": "do. I personally will be just fine if if"}, {"start": "00:20:11", "end": "00:20:18", "text": "I buy at 60 and I sell around 150 160."}, {"start": "00:20:15", "end": "00:20:20", "text": "I could take that"}, {"start": "00:20:18", "end": "00:20:22", "text": "cryptocurrency big donors."}, {"start": "00:20:20", "end": "00:20:23", "text": "Yeah."}, {"start": "00:20:22", "end": "00:20:26", "text": "And actually, if you want to go into"}, {"start": "00:20:23", "end": "00:20:26", "text": "this."}, {"start": "00:20:32", "end": "00:20:36", "text": "No, no, no. It's not what I want."}, {"start": "00:20:42", "end": "00:20:45", "text": "Four cycles."}, {"start": "00:20:53", "end": "00:20:57", "text": "Yeah. Oh, I I'm sorry. I stand"}, {"start": "00:20:55", "end": "00:21:00", "text": "corrected. I wasn't even on I wasn't"}, {"start": "00:20:57", "end": "00:21:03", "text": "even correct. 2017, 2022, it was a 3.4x"}, {"start": "00:21:00", "end": "00:21:05", "text": "and then we went to a 1.8x."}, {"start": "00:21:03", "end": "00:21:08", "text": "So, look at this. Alltime high to"}, {"start": "00:21:05", "end": "00:21:10", "text": "alltime high. 2011, 2013, 40x. Let's"}, {"start": "00:21:08", "end": "00:21:14", "text": "just negate that one. That's just an"}, {"start": "00:21:10", "end": "00:21:16", "text": "outlier. I mean, we could,"}, {"start": "00:21:14", "end": "00:21:19", "text": "but you know,"}, {"start": "00:21:16", "end": "00:21:23", "text": "that's uh that's over that's over half"}, {"start": "00:21:19", "end": "00:21:26", "text": "because he went from 2013 to 2017 a 16x"}, {"start": "00:21:23", "end": "00:21:26", "text": "1,242196"}, {"start": "00:21:26", "end": "00:21:33", "text": "diminishing returns. Then we go to 3.4x"}, {"start": "00:21:30", "end": "00:21:35", "text": "now we're at 1.8x."}, {"start": "00:21:33", "end": "00:21:38", "text": "Again, how much could we actually go?"}, {"start": "00:21:35", "end": "00:21:41", "text": "Well, 3.4 to 1.8"}, {"start": "00:21:38", "end": "00:21:42", "text": "is roughly 50%."}, {"start": "00:21:41", "end": "00:21:44", "text": "It's actually not even that. It's like"}, {"start": "00:21:42", "end": "00:21:46", "text": "44% somewhere around there. Correct me"}, {"start": "00:21:44", "end": "00:21:50", "text": "in the comments."}, {"start": "00:21:46", "end": "00:21:51", "text": "We didn't even double."}, {"start": "00:21:50", "end": "00:21:54", "text": "So, we didn't even double. What if we do"}, {"start": "00:21:51", "end": "00:21:56", "text": "one and a half?"}, {"start": "00:21:54", "end": "00:21:57", "text": "I guess he could see 180 could be"}, {"start": "00:21:56", "end": "00:22:01", "text": "reasonable, but do you really want to"}, {"start": "00:21:57", "end": "00:22:02", "text": "risk it from like 150, 160 to 180? I'm"}, {"start": "00:22:01", "end": "00:22:06", "text": "not."}, {"start": "00:22:02", "end": "00:22:06", "text": "So, that's it for me."}, {"start": "00:22:06", "end": "00:22:09", "text": "Alrighty."}, {"start": "00:22:12", "end": "00:22:19", "text": "People seem to think 5, 10, 20, 100 they"}, {"start": "00:22:15", "end": "00:22:23", "text": "give to politicians makes a difference."}, {"start": "00:22:19", "end": "00:22:25", "text": "Makes a difference for somebody."}, {"start": "00:22:23", "end": "00:22:27", "text": "Let's see. What if everyone got so"}, {"start": "00:22:25", "end": "00:22:30", "text": "burned all they shove all their money in"}, {"start": "00:22:27", "end": "00:22:33", "text": "the top 10?"}, {"start": "00:22:30", "end": "00:22:35", "text": "Yeah, that'll be a trillion dollar"}, {"start": "00:22:33", "end": "00:22:38", "text": "bitcoins this cycle. Yeah, but you know"}, {"start": "00:22:35", "end": "00:22:41", "text": "like the majority of real funds reside"}, {"start": "00:22:38", "end": "00:22:44", "text": "in the top 20"}, {"start": "00:22:41", "end": "00:22:47", "text": "and really the majority the top let me"}, {"start": "00:22:44", "end": "00:22:47", "text": "see"}, {"start": "00:22:47", "end": "00:22:51", "text": "I've done this before"}, {"start": "00:22:49", "end": "00:22:54", "text": "I know people say well what about you"}, {"start": "00:22:51", "end": "00:22:56", "text": "know crypto 3468 there's no liquidity"}, {"start": "00:22:54", "end": "00:22:57", "text": "there and it's too thin you couldn't"}, {"start": "00:22:56", "end": "00:23:01", "text": "even cash out anyhow but it's a good"}, {"start": "00:22:57", "end": "00:23:01", "text": "point Rusty makesh"}, {"start": "00:23:03", "end": "00:23:08", "text": "So, I mean, we've got a 2.2 trillion"}, {"start": "00:23:06", "end": "00:23:13", "text": "market cap roughly,"}, {"start": "00:23:08", "end": "00:23:16", "text": "and 1.2 trillion is 1.3 trillion really"}, {"start": "00:23:13", "end": "00:23:20", "text": "is is uh Bitcoin."}, {"start": "00:23:16", "end": "00:23:20", "text": "So, you're only looking at"}, {"start": "00:23:21", "end": "00:23:27", "text": "what 900 actually. No, it's like one one"}, {"start": "00:23:24", "end": "00:23:29", "text": "trillion more. We need to find one"}, {"start": "00:23:27", "end": "00:23:33", "text": "trillion. Well, Ethereum is 215 billion."}, {"start": "00:23:29", "end": "00:23:36", "text": "That's a quarter. Then you got 184"}, {"start": "00:23:33", "end": "00:23:40", "text": "billion for Tether."}, {"start": "00:23:36", "end": "00:23:43", "text": "That's we just need 600 billion more. 77"}, {"start": "00:23:40", "end": "00:23:45", "text": "billion BNB, 73 in USDC. So you see what"}, {"start": "00:23:43", "end": "00:23:48", "text": "I mean? And then once we get here to"}, {"start": "00:23:45", "end": "00:23:52", "text": "like the market cap,"}, {"start": "00:23:48", "end": "00:23:55", "text": "it gets pretty thin down here. 1 billion"}, {"start": "00:23:52", "end": "00:23:55", "text": "actually."}, {"start": "00:23:56", "end": "00:24:01", "text": "Right around Yeah. Right around number"}, {"start": "00:23:58", "end": "00:24:03", "text": "20. It goes from five billion, then"}, {"start": "00:24:01", "end": "00:24:06", "text": "four, then it goes down to three"}, {"start": "00:24:03", "end": "00:24:08", "text": "quickly. Two and one, and bunch of"}, {"start": "00:24:06", "end": "00:24:10", "text": "worthless stuff down here."}, {"start": "00:24:08", "end": "00:24:13", "text": "Or"}, {"start": "00:24:10", "end": "00:24:17", "text": "the next great crypto. Who knows?"}, {"start": "00:24:13", "end": "00:24:17", "text": "That's anybody's guess"}, {"start": "00:24:19", "end": "00:24:27", "text": "where all the VGX heroes these days."}, {"start": "00:24:22", "end": "00:24:29", "text": "Same place I was not unbelievably sure"}, {"start": "00:24:27", "end": "00:24:31", "text": "just how awful Voyager was, you know? If"}, {"start": "00:24:29", "end": "00:24:34", "text": "we talk about all the different ones,"}, {"start": "00:24:31", "end": "00:24:36", "text": "first of all, Sam Bankman, I think, uh,"}, {"start": "00:24:34", "end": "00:24:37", "text": "did a pretty good job of investing,"}, {"start": "00:24:36", "end": "00:24:39", "text": "there was this article that that came"}, {"start": "00:24:37", "end": "00:24:41", "text": "out about all the different companies he"}, {"start": "00:24:39", "end": "00:24:43", "text": "put into. Some were some AI like OpenAI"}, {"start": "00:24:41", "end": "00:24:46", "text": "and stuff like that. If he just would"}, {"start": "00:24:43", "end": "00:24:49", "text": "have not done the Ponzi scheme stuff and"}, {"start": "00:24:46", "end": "00:24:52", "text": "not mismanaged the funds of the the"}, {"start": "00:24:49", "end": "00:24:53", "text": "people that's"}, {"start": "00:24:52", "end": "00:24:56", "text": "the traders that put their funds into"}, {"start": "00:24:53", "end": "00:24:58", "text": "FDX, that was a big thing. Celsius is a"}, {"start": "00:24:56", "end": "00:25:00", "text": "different story. They were essentially a"}, {"start": "00:24:58", "end": "00:25:01", "text": "Ponzi. Guy lied to everybody's face."}, {"start": "00:25:00", "end": "00:25:04", "text": "That's pretty much what it was. And then"}, {"start": "00:25:01", "end": "00:25:05", "text": "Voyager did something incredibly stupid."}, {"start": "00:25:04", "end": "00:25:07", "text": "They did, and I've talked about this"}, {"start": "00:25:05", "end": "00:25:08", "text": "many times, they did an uncolateralized"}, {"start": "00:25:07", "end": "00:25:12", "text": "loan"}, {"start": "00:25:08", "end": "00:25:15", "text": "for like $640 million to three Capital,"}, {"start": "00:25:12", "end": "00:25:17", "text": "which of course were, you know, the"}, {"start": "00:25:15", "end": "00:25:20", "text": "greatest"}, {"start": "00:25:17", "end": "00:25:22", "text": "traders, greatest market makers out"}, {"start": "00:25:20", "end": "00:25:26", "text": "there. And of course, they were a bunch"}, {"start": "00:25:22", "end": "00:25:27", "text": "of filthy liars, too. So once we found"}, {"start": "00:25:26", "end": "00:25:30", "text": "out that there was an uncolateralized"}, {"start": "00:25:27", "end": "00:25:32", "text": "loan, we did a video. Then two weeks"}, {"start": "00:25:30", "end": "00:25:34", "text": "later, Voyager collapsed"}, {"start": "00:25:32", "end": "00:25:36", "text": "actually because of Voyager. That's why"}, {"start": "00:25:34", "end": "00:25:38", "text": "I have these rules. Actually, it's"}, {"start": "00:25:36", "end": "00:25:42", "text": "Voyager and Celsius, but Voyagerite"}, {"start": "00:25:38", "end": "00:25:42", "text": "really cemented it. Which"}, {"start": "00:25:43", "end": "00:25:48", "text": "number three, no exchanges."}, {"start": "00:25:46", "end": "00:25:50", "text": "Don't leave your crypto on exchanges."}, {"start": "00:25:48", "end": "00:25:54", "text": "Now, do I follow that every time and I'm"}, {"start": "00:25:50", "end": "00:25:57", "text": "perfect? No. Sometimes I like my my"}, {"start": "00:25:54", "end": "00:25:59", "text": "Bitcoin order fires off on Cash App and"}, {"start": "00:25:57", "end": "00:26:04", "text": "I might not get to it for another week"}, {"start": "00:25:59", "end": "00:26:04", "text": "or so. I mean, it does happen."}, {"start": "00:26:10", "end": "00:26:16", "text": "And let's see. Isn't more Mount Gaus"}, {"start": "00:26:14", "end": "00:26:18", "text": "people scheduled to get their Bitcoin in"}, {"start": "00:26:16", "end": "00:26:21", "text": "October? Might be significant. I've been"}, {"start": "00:26:18", "end": "00:26:24", "text": "hearing that since I got into crypto."}, {"start": "00:26:21", "end": "00:26:27", "text": "We'll see. Uh, we all made some"}, {"start": "00:26:24", "end": "00:26:29", "text": "mistakes."}, {"start": "00:26:27", "end": "00:26:30", "text": "This is true. You just, you know, my"}, {"start": "00:26:29", "end": "00:26:31", "text": "memecoin wallet. I don't even dare to"}, {"start": "00:26:30", "end": "00:26:34", "text": "log in. I'm afraid of all money. That's"}, {"start": "00:26:31", "end": "00:26:36", "text": "also true. Carl says you should at least"}, {"start": "00:26:34", "end": "00:26:38", "text": "give pick a random subscriber one of"}, {"start": "00:26:36", "end": "00:26:40", "text": "your live one day and give them a"}, {"start": "00:26:38", "end": "00:26:44", "text": "standard pass for ITC conference. Let me"}, {"start": "00:26:40", "end": "00:26:47", "text": "show you a but let me tell you the exact"}, {"start": "00:26:44", "end": "00:26:52", "text": "message I sent to Ben last night on that"}, {"start": "00:26:47", "end": "00:26:52", "text": "spe particular topic."}, {"start": "00:26:52", "end": "00:26:57", "text": "Hey, I need a couple of standard passes"}, {"start": "00:26:55", "end": "00:27:00", "text": "and one pro as a giveaway. People love"}, {"start": "00:26:57", "end": "00:27:02", "text": "free stuff. No answer. You would think"}, {"start": "00:27:00", "end": "00:27:04", "text": "that uh Ben would be all on board of"}, {"start": "00:27:02", "end": "00:27:06", "text": "that. Do me a favor, everybody. Go over"}, {"start": "00:27:04", "end": "00:27:08", "text": "to Ben's channel and say, \"Hey, Rob"}, {"start": "00:27:06", "end": "00:27:10", "text": "needs a couple of those passes. Would"}, {"start": "00:27:08", "end": "00:27:13", "text": "you give him some so we can raffle them"}, {"start": "00:27:10", "end": "00:27:17", "text": "away?\" Don't be shy either."}, {"start": "00:27:13", "end": "00:27:18", "text": "And thank you, bot. You're the best."}, {"start": "00:27:17", "end": "00:27:20", "text": "Gifted one digital asset news"}, {"start": "00:27:18", "end": "00:27:21", "text": "membership. See, it's a great day. And"}, {"start": "00:27:20", "end": "00:27:23", "text": "that's where we should leave it off"}, {"start": "00:27:21", "end": "00:27:25", "text": "because that's rolls us into the"}, {"start": "00:27:23", "end": "00:27:27", "text": "weekend. Everything will be just fine."}, {"start": "00:27:25", "end": "00:27:29", "text": "So, everybody like today's video, thumbs"}, {"start": "00:27:27", "end": "00:27:30", "text": "up, subscribe, all that great stuff."}, {"start": "00:27:29", "end": "00:27:32", "text": "Tomorrow,"}, {"start": "00:27:30", "end": "00:27:35", "text": "I got some things going on. I probably"}, {"start": "00:27:32", "end": "00:27:37", "text": "will not make uh the live stream. One of"}, {"start": "00:27:35", "end": "00:27:39", "text": "the very few rare days, but uh Sunday,"}, {"start": "00:27:37", "end": "00:27:40", "text": "we'll be back with me and Jerry from"}, {"start": "00:27:39", "end": "00:27:42", "text": "Costa Rica. But that's it for today."}, {"start": "00:27:40", "end": "00:27:46", "text": "Thanks everybody. I appreciate you and"}, {"start": "00:27:42", "end": "00:27:46", "text": "I'll see you on the next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "I think most of the crypto industry's"}, {"start": "00:00:01", "end": "00:00:03", "text": "dying and is never coming back and"}, {"start": "00:00:02", "end": "00:00:05", "text": "people are going to eventually have to"}, {"start": "00:00:03", "end": "00:00:07", "text": "realize this. If we go back to the '90s,"}, {"start": "00:00:05", "end": "00:00:09", "text": "there used to be internet companies or"}, {"start": "00:00:07", "end": "00:00:10", "text": "internet entrepreneurs. Today, nobody"}, {"start": "00:00:09", "end": "00:00:12", "text": "uses that term. They just call them"}, {"start": "00:00:10", "end": "00:00:13", "text": "companies or entrepreneurs. The same"}, {"start": "00:00:12", "end": "00:00:14", "text": "thing's going to happen in the crypto"}, {"start": "00:00:13", "end": "00:00:16", "text": "industry. There's not going to be crypto"}, {"start": "00:00:14", "end": "00:00:17", "text": "assets. They're just assets. There's not"}, {"start": "00:00:16", "end": "00:00:19", "text": "going to be crypto companies. They're"}, {"start": "00:00:17", "end": "00:00:22", "text": "just companies. This industry has got to"}, {"start": "00:00:19", "end": "00:00:23", "text": "grow up and in order for that to happen,"}, {"start": "00:00:22", "end": "00:00:24", "text": "we need a lot of the pretenders, a lot"}, {"start": "00:00:23", "end": "00:00:26", "text": "of the people doing all kinds of"}, {"start": "00:00:24", "end": "00:00:28", "text": "nonsense, to just fall away to the"}, {"start": "00:00:26", "end": "00:00:30", "text": "wayside. And where I think all of the"}, {"start": "00:00:28", "end": "00:00:32", "text": "value's going to accrue over the next"}, {"start": "00:00:30", "end": "00:00:34", "text": "couple years is Bitcoin, stable coins,"}, {"start": "00:00:32", "end": "00:00:36", "text": "infrastructure, and tokenization. Those"}, {"start": "00:00:34", "end": "00:00:38", "text": "four areas are likely to survive and"}, {"start": "00:00:36", "end": "00:00:39", "text": "thrive, but pretty much everything else"}, {"start": "00:00:38", "end": "00:00:41", "text": "in crypto is going to have a very tough"}, {"start": "00:00:39", "end": "00:00:41", "text": "time."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The Bitcoin miners I know are all"}, {"start": "00:00:02", "end": "00:00:06", "text": "shifting to AI. I think you've covered"}, {"start": "00:00:04", "end": "00:00:08", "text": "this as well and it's because they have"}, {"start": "00:00:06", "end": "00:00:10", "text": "access to power and that is the"}, {"start": "00:00:08", "end": "00:00:12", "text": "bottleneck and you just make more"}, {"start": "00:00:10", "end": "00:00:15", "text": "dollars per kilowatt hour going into an"}, {"start": "00:00:12", "end": "00:00:17", "text": "AI compute than you do in Bitcoin"}, {"start": "00:00:15", "end": "00:00:20", "text": "ultimately. [music] Uh and B because"}, {"start": "00:00:17", "end": "00:00:23", "text": "power is the constraint the you know"}, {"start": "00:00:20", "end": "00:00:24", "text": "value flows to what's scarce. Bang bang."}, {"start": "00:00:23", "end": "00:00:26", "text": "Today guys we got a great conversation"}, {"start": "00:00:24", "end": "00:00:28", "text": "with Rome Nam. He's an investor at"}, {"start": "00:00:26", "end": "00:00:30", "text": "Planetary VC. And in this conversation,"}, {"start": "00:00:28", "end": "00:00:31", "text": "we're getting deep into the weeds of"}, {"start": "00:00:30", "end": "00:00:33", "text": "what's going on in the artificial"}, {"start": "00:00:31", "end": "00:00:34", "text": "intelligence space. We know that energy"}, {"start": "00:00:33", "end": "00:00:36", "text": "and power are a massive bottleneck, and"}, {"start": "00:00:34", "end": "00:00:38", "text": "Rames is here to explain exactly what"}, {"start": "00:00:36", "end": "00:00:40", "text": "the potential solutions are, who's"}, {"start": "00:00:38", "end": "00:00:41", "text": "likely to win, and what are the various"}, {"start": "00:00:40", "end": "00:00:44", "text": "companies doing so that we can get more"}, {"start": "00:00:41", "end": "00:00:45", "text": "power to get to super intelligence. On"}, {"start": "00:00:44", "end": "00:00:46", "text": "top of that, we talk about how super"}, {"start": "00:00:45", "end": "00:00:48", "text": "intelligence is actually going to be"}, {"start": "00:00:46", "end": "00:00:49", "text": "applied. Is it going to be general or"}, {"start": "00:00:48", "end": "00:00:51", "text": "narrow? What is it going to mean for"}, {"start": "00:00:49", "end": "00:00:52", "text": "you? and what are some of the companies"}, {"start": "00:00:51", "end": "00:00:54", "text": "that he's excited about that are"}, {"start": "00:00:52", "end": "00:00:56", "text": "actually helping to usher in a world"}, {"start": "00:00:54", "end": "00:00:57", "text": "where super intelligence makes you and I"}, {"start": "00:00:56", "end": "00:01:00", "text": "happier, healthier, wealthier, and"}, {"start": "00:00:57", "end": "00:01:01", "text": "richer. Sounds good to me. And Romes is"}, {"start": "00:01:00", "end": "00:01:04", "text": "here to explain it all. Here's my"}, {"start": "00:01:01", "end": "00:01:06", "text": "conversation with Rome Nam. All right,"}, {"start": "00:01:04", "end": "00:01:08", "text": "Rome, there's a massive problem in the"}, {"start": "00:01:06", "end": "00:01:10", "text": "AI industry. Energy and power are the"}, {"start": "00:01:08", "end": "00:01:12", "text": "bottleneck at the moment. Can you please"}, {"start": "00:01:10", "end": "00:01:13", "text": "help us understand why is this problem"}, {"start": "00:01:12", "end": "00:01:14", "text": "persist and what are the potential"}, {"start": "00:01:13", "end": "00:01:15", "text": "solutions as to how we're going to get"}, {"start": "00:01:14", "end": "00:01:18", "text": "around this?"}, {"start": "00:01:15", "end": "00:01:20", "text": ">> Yeah, absolutely. Like AI is hugely"}, {"start": "00:01:18", "end": "00:01:22", "text": "compute inensive. Uh the way that we've"}, {"start": "00:01:20", "end": "00:01:24", "text": "been making AI better is through the"}, {"start": "00:01:22", "end": "00:01:25", "text": "scaling laws. And the scaling laws look"}, {"start": "00:01:24", "end": "00:01:26", "text": "awesome at the beginning, but they're"}, {"start": "00:01:25", "end": "00:01:28", "text": "brutal. It means you have to keep"}, {"start": "00:01:26", "end": "00:01:30", "text": "doubling the amount of compute to get"}, {"start": "00:01:28", "end": "00:01:33", "text": "linear gains in AI performance. So"}, {"start": "00:01:30", "end": "00:01:35", "text": "there's this huge race to do so. And"}, {"start": "00:01:33", "end": "00:01:37", "text": "we're just not used to expanding the"}, {"start": "00:01:35", "end": "00:01:40", "text": "grid at this pace. In the ' 50s, we"}, {"start": "00:01:37", "end": "00:01:41", "text": "built out the grid 5 7% growth a year,"}, {"start": "00:01:40", "end": "00:01:44", "text": "but for the last two decades, it's been"}, {"start": "00:01:41", "end": "00:01:46", "text": "zero growth. So we're just not"}, {"start": "00:01:44", "end": "00:01:50", "text": "accustomed to putting on like new power"}, {"start": "00:01:46", "end": "00:01:53", "text": "or new sources of demand at this pace."}, {"start": "00:01:50", "end": "00:01:55", "text": "So the the poles and wires themselves"}, {"start": "00:01:53", "end": "00:01:57", "text": "are the bottleneck right now. Chip"}, {"start": "00:01:55", "end": "00:02:00", "text": "production is about twice the pace that"}, {"start": "00:01:57", "end": "00:02:01", "text": "we can hook things up to the grid and"}, {"start": "00:02:00", "end": "00:02:04", "text": "that's the bottleneck everyone is trying"}, {"start": "00:02:01", "end": "00:02:06", "text": "to work around. Now when you think about"}, {"start": "00:02:04", "end": "00:02:07", "text": "that bottleneck, can you walk through"}, {"start": "00:02:06", "end": "00:02:08", "text": "there's different companies with"}, {"start": "00:02:07", "end": "00:02:10", "text": "different potential solutions for this."}, {"start": "00:02:08", "end": "00:02:12", "text": "They're all kind of racing to see not"}, {"start": "00:02:10", "end": "00:02:14", "text": "only what solution is going to be the"}, {"start": "00:02:12", "end": "00:02:15", "text": "one that is the winner, but also how do"}, {"start": "00:02:14", "end": "00:02:16", "text": "they fund it? How do they build it? You"}, {"start": "00:02:15", "end": "00:02:20", "text": "know, there's a lot of stuff, supply"}, {"start": "00:02:16", "end": "00:02:21", "text": "chain issues. Where maybe what are the"}, {"start": "00:02:20", "end": "00:02:22", "text": "ones that you're most excited about or"}, {"start": "00:02:21", "end": "00:02:23", "text": "the ones you think are most noteworthy"}, {"start": "00:02:22", "end": "00:02:25", "text": "as a solution?"}, {"start": "00:02:23", "end": "00:02:27", "text": ">> Well, let me walk you through like the"}, {"start": "00:02:25", "end": "00:02:29", "text": "overall set of options people have."}, {"start": "00:02:27", "end": "00:02:30", "text": "Option one is you just you're going to"}, {"start": "00:02:29", "end": "00:02:32", "text": "build a data center, you put in a"}, {"start": "00:02:30", "end": "00:02:34", "text": "request to the grid to get hooked up."}, {"start": "00:02:32", "end": "00:02:36", "text": "And a few years ago, that was fine. Now,"}, {"start": "00:02:34", "end": "00:02:40", "text": "it's maybe a five to sevenyear wait."}, {"start": "00:02:36", "end": "00:02:42", "text": "Option two is behind the meter power. So"}, {"start": "00:02:40", "end": "00:02:45", "text": "people are trying to buy natural gas"}, {"start": "00:02:42", "end": "00:02:49", "text": "turbines to build onsite at their data"}, {"start": "00:02:45", "end": "00:02:51", "text": "center uh to run uh their load. Uh the"}, {"start": "00:02:49", "end": "00:02:54", "text": "big turbines made by companies like GE"}, {"start": "00:02:51", "end": "00:02:56", "text": "are sold out 5 to seven years. So now"}, {"start": "00:02:54", "end": "00:02:58", "text": "they're turning to smaller turbines that"}, {"start": "00:02:56", "end": "00:03:00", "text": "are maybe a tenth or 20th the size and a"}, {"start": "00:02:58", "end": "00:03:03", "text": "whole bunch of these things on the back"}, {"start": "00:03:00", "end": "00:03:05", "text": "of uh semi-tractor trailers basically."}, {"start": "00:03:03", "end": "00:03:06", "text": "And you have companies uh you know, Boom"}, {"start": "00:03:05", "end": "00:03:09", "text": "Supersonic was trying to build a"}, {"start": "00:03:06", "end": "00:03:11", "text": "supersonic jet a few years ago or as"}, {"start": "00:03:09", "end": "00:03:13", "text": "recently as six months ago. They've"}, {"start": "00:03:11", "end": "00:03:16", "text": "pivoted to taking their engine and"}, {"start": "00:03:13", "end": "00:03:18", "text": "making it a power plant uh for behind"}, {"start": "00:03:16", "end": "00:03:21", "text": "the meter power for data centers. Uh"}, {"start": "00:03:18", "end": "00:03:23", "text": "option three, one that I really love is"}, {"start": "00:03:21", "end": "00:03:26", "text": "batteries. Just being really clever. We"}, {"start": "00:03:23", "end": "00:03:28", "text": "build the grid out for peak demand for,"}, {"start": "00:03:26", "end": "00:03:31", "text": "you know, late afternoon in the summer"}, {"start": "00:03:28", "end": "00:03:33", "text": "when the AC is on. But most hours of the"}, {"start": "00:03:31", "end": "00:03:36", "text": "day, the poles and wires, which again"}, {"start": "00:03:33", "end": "00:03:38", "text": "are the bottleneck, are not loaded. So"}, {"start": "00:03:36", "end": "00:03:40", "text": "you take a battery, install it at your"}, {"start": "00:03:38", "end": "00:03:43", "text": "data center, fill it up at night, don't"}, {"start": "00:03:40", "end": "00:03:45", "text": "need to touch the grid in the afternoon,"}, {"start": "00:03:43", "end": "00:03:47", "text": "and suddenly you can get powered on a"}, {"start": "00:03:45", "end": "00:03:49", "text": "lot faster. We've just passed some"}, {"start": "00:03:47", "end": "00:03:51", "text": "regulatory changes for that. And then"}, {"start": "00:03:49", "end": "00:03:53", "text": "you get into the sci-fi stuff. Uh you"}, {"start": "00:03:51", "end": "00:03:55", "text": "get into uh Elon talking about"}, {"start": "00:03:53", "end": "00:03:57", "text": "space-based data centers. Nothing"}, {"start": "00:03:55", "end": "00:03:59", "text": "[snorts] about the physics says that"}, {"start": "00:03:57", "end": "00:04:02", "text": "can't work. uh but the cost of launch"}, {"start": "00:03:59", "end": "00:04:03", "text": "has to come down a whole lot or one of a"}, {"start": "00:04:02", "end": "00:04:06", "text": "startup that I'm invested in called"}, {"start": "00:04:03", "end": "00:04:09", "text": "Pontthalasa making floating ocean data"}, {"start": "00:04:06", "end": "00:04:12", "text": "centers uh that get power from waves uh"}, {"start": "00:04:09", "end": "00:04:16", "text": "and you know the the benefit of both"}, {"start": "00:04:12", "end": "00:04:18", "text": "space and ocean is it's going around"}, {"start": "00:04:16", "end": "00:04:21", "text": "regulatory it's no longer needing"}, {"start": "00:04:18", "end": "00:04:24", "text": "permitting and local opposition and"}, {"start": "00:04:21", "end": "00:04:25", "text": "weight times connected to the grid. Now,"}, {"start": "00:04:24", "end": "00:04:27", "text": "let's talk about a couple of these like"}, {"start": "00:04:25", "end": "00:04:29", "text": "going and just applying for power and"}, {"start": "00:04:27", "end": "00:04:30", "text": "kind of doing it the traditional way."}, {"start": "00:04:29", "end": "00:04:32", "text": "Not very interesting. I think people"}, {"start": "00:04:30", "end": "00:04:33", "text": "understand that and obviously there's"}, {"start": "00:04:32", "end": "00:04:35", "text": "those long wait times. You talked a"}, {"start": "00:04:33", "end": "00:04:37", "text": "little bit about these like almost"}, {"start": "00:04:35", "end": "00:04:38", "text": "mobile centers. Uh, one of the things I"}, {"start": "00:04:37", "end": "00:04:41", "text": "found really interesting is when Elon"}, {"start": "00:04:38", "end": "00:04:42", "text": "went to go build the original Colossus,"}, {"start": "00:04:41", "end": "00:04:44", "text": "uh, my understanding is that they"}, {"start": "00:04:42", "end": "00:04:46", "text": "essentially just brought in a ton of"}, {"start": "00:04:44", "end": "00:04:48", "text": "generators and then he just lined the"}, {"start": "00:04:46", "end": "00:04:50", "text": "entire facility on both sides with these"}, {"start": "00:04:48", "end": "00:04:50", "text": "generators and kind of like hacked it"}, {"start": "00:04:50", "end": "00:04:53", "text": "together. It was kind of like a"}, {"start": "00:04:50", "end": "00:04:54", "text": "do-it-yourself project, if you will. Um,"}, {"start": "00:04:53", "end": "00:04:57", "text": "but it worked and they got up and"}, {"start": "00:04:54", "end": "00:04:58", "text": "running. And so, how sustainable is that"}, {"start": "00:04:57", "end": "00:04:59", "text": "type of stuff where people are"}, {"start": "00:04:58", "end": "00:05:01", "text": "essentially just cobbling together"}, {"start": "00:04:59", "end": "00:05:02", "text": "different solutions and they're able to"}, {"start": "00:05:01", "end": "00:05:04", "text": "just get up and running? Is that"}, {"start": "00:05:02", "end": "00:05:06", "text": "something that could persist for years?"}, {"start": "00:05:04", "end": "00:05:08", "text": ">> It works in some places. About a third"}, {"start": "00:05:06", "end": "00:05:10", "text": "of data centers uh that we think will"}, {"start": "00:05:08", "end": "00:05:13", "text": "get built this year are doing some"}, {"start": "00:05:10", "end": "00:05:15", "text": "version of that. Maybe as many as half"}, {"start": "00:05:13", "end": "00:05:17", "text": "next year, but there's a lot of debate."}, {"start": "00:05:15", "end": "00:05:20", "text": "When you do that, you probably have to"}, {"start": "00:05:17", "end": "00:05:22", "text": "overbuild by 30 50% to have sort of the"}, {"start": "00:05:20", "end": "00:05:24", "text": "spare capacity. And you end up with"}, {"start": "00:05:22", "end": "00:05:27", "text": "problems. You end up with local air"}, {"start": "00:05:24", "end": "00:05:29", "text": "pollution issues like those power plants"}, {"start": "00:05:27", "end": "00:05:31", "text": "Colossus Colossus one probably exceeded"}, {"start": "00:05:29", "end": "00:05:33", "text": "their permits. There were lawsuits. You"}, {"start": "00:05:31", "end": "00:05:34", "text": "end up with noise. When you hear people"}, {"start": "00:05:33", "end": "00:05:36", "text": "complaining about data centers making"}, {"start": "00:05:34", "end": "00:05:39", "text": "noise, data centers themselves are"}, {"start": "00:05:36", "end": "00:05:41", "text": "quiet, but these generators behind the"}, {"start": "00:05:39", "end": "00:05:44", "text": "meter are really loud. So this works"}, {"start": "00:05:41", "end": "00:05:46", "text": "best uh in rural areas out in the middle"}, {"start": "00:05:44", "end": "00:05:49", "text": "of nowhere. Uh and so you'll see people"}, {"start": "00:05:46", "end": "00:05:51", "text": "doing that. I think almost every data"}, {"start": "00:05:49", "end": "00:05:53", "text": "center really wants to have a grid"}, {"start": "00:05:51", "end": "00:05:56", "text": "connection ultimately. Nobody wants to"}, {"start": "00:05:53", "end": "00:05:58", "text": "manage their own power plant. But people"}, {"start": "00:05:56", "end": "00:06:00", "text": "your time to power is everything. Let me"}, {"start": "00:05:58", "end": "00:06:02", "text": "put this another way just economically"}, {"start": "00:06:00", "end": "00:06:04", "text": "for your listeners here. Uh if you look"}, {"start": "00:06:02", "end": "00:06:06", "text": "at the cost of electricity going into a"}, {"start": "00:06:04", "end": "00:06:11", "text": "data center versus the revenue it"}, {"start": "00:06:06", "end": "00:06:14", "text": "generates, it generates 2030 $40 of"}, {"start": "00:06:11", "end": "00:06:17", "text": "revenue per dollar it spends on energy."}, {"start": "00:06:14", "end": "00:06:19", "text": "So time to getting it hooked up is"}, {"start": "00:06:17", "end": "00:06:20", "text": "everything. And you'll pay more uh for"}, {"start": "00:06:19", "end": "00:06:23", "text": "energy. You're paying more if you're"}, {"start": "00:06:20", "end": "00:06:25", "text": "doing these small generators on site"}, {"start": "00:06:23", "end": "00:06:26", "text": "than if you would go to the grid, but"}, {"start": "00:06:25", "end": "00:06:28", "text": "it's worth it because you're going to"}, {"start": "00:06:26", "end": "00:06:29", "text": "make so much money off of it."}, {"start": "00:06:28", "end": "00:06:31", "text": ">> One of the aspects of the data center"}, {"start": "00:06:29", "end": "00:06:33", "text": "buildout that I think most people have"}, {"start": "00:06:31", "end": "00:06:34", "text": "missed is I've seen a number of examples"}, {"start": "00:06:33", "end": "00:06:36", "text": "where these data center providers show"}, {"start": "00:06:34", "end": "00:06:38", "text": "up somewhere and they say, \"Hey, I need"}, {"start": "00:06:36", "end": "00:06:40", "text": "to get more electricity.\" The electrical"}, {"start": "00:06:38", "end": "00:06:40", "text": "company is like, \"Well, we just can't"}, {"start": "00:06:40", "end": "00:06:42", "text": "get it there. We don't have the"}, {"start": "00:06:40", "end": "00:06:43", "text": "infrastructure or whatever the thing"}, {"start": "00:06:42", "end": "00:06:45", "text": "is.\" And the data center company"}, {"start": "00:06:43", "end": "00:06:47", "text": "literally says, \"I'll build the"}, {"start": "00:06:45", "end": "00:06:49", "text": "infrastructure. I'll pay for all of this"}, {"start": "00:06:47", "end": "00:06:50", "text": "build out. I'm happy to have everyone"}, {"start": "00:06:49", "end": "00:06:53", "text": "else get the upgrade as well who uses"}, {"start": "00:06:50", "end": "00:06:55", "text": "this grid, but if it helps me get online"}, {"start": "00:06:53", "end": "00:06:57", "text": "faster, it is worth that expense.\" And"}, {"start": "00:06:55", "end": "00:06:58", "text": "so that seems to be a strategy that a"}, {"start": "00:06:57", "end": "00:07:01", "text": "lot of people are using as well."}, {"start": "00:06:58", "end": "00:07:02", "text": ">> We're getting there. And all the data"}, {"start": "00:07:01", "end": "00:07:03", "text": "center builders have signed this"}, {"start": "00:07:02", "end": "00:07:05", "text": "voluntary pledge that they're not going"}, {"start": "00:07:03", "end": "00:07:07", "text": "to raise prices for their neighbors. And"}, {"start": "00:07:05", "end": "00:07:09", "text": "in fact, you know, contrary to the"}, {"start": "00:07:07", "end": "00:07:11", "text": "public perception, places where we've"}, {"start": "00:07:09", "end": "00:07:13", "text": "seen the greatest data center buildout"}, {"start": "00:07:11", "end": "00:07:15", "text": "in general have lower electricity prices"}, {"start": "00:07:13", "end": "00:07:18", "text": "in the country and have not seen them go"}, {"start": "00:07:15", "end": "00:07:20", "text": "up. But that said, there's actually like"}, {"start": "00:07:18", "end": "00:07:22", "text": "regulatory challenges here. Uh the"}, {"start": "00:07:20", "end": "00:07:24", "text": "utility rates are set by the utility"}, {"start": "00:07:22", "end": "00:07:26", "text": "commission. There's actually work that"}, {"start": "00:07:24", "end": "00:07:29", "text": "has to happen to make it possible for"}, {"start": "00:07:26", "end": "00:07:31", "text": "the utilities to let the data center"}, {"start": "00:07:29", "end": "00:07:33", "text": "builders pay for all this stuff and not"}, {"start": "00:07:31", "end": "00:07:35", "text": "pass on the costs. So everyone's"}, {"start": "00:07:33", "end": "00:07:38", "text": "scrambling to figure that out now."}, {"start": "00:07:35", "end": "00:07:40", "text": ">> Got it. Now let's go and talk about uh"}, {"start": "00:07:38", "end": "00:07:41", "text": "maybe the orbital data centers first. So"}, {"start": "00:07:40", "end": "00:07:44", "text": "the promise here is if I was to"}, {"start": "00:07:41", "end": "00:07:46", "text": "regurgitate back Elon's uh thesis if you"}, {"start": "00:07:44", "end": "00:07:48", "text": "will is you need power. Well, where is"}, {"start": "00:07:46", "end": "00:07:50", "text": "power persistent at all times from the"}, {"start": "00:07:48", "end": "00:07:52", "text": "sun as long as you are far enough away"}, {"start": "00:07:50", "end": "00:07:55", "text": "from Earth in space that you can capture"}, {"start": "00:07:52", "end": "00:07:58", "text": "100% of the sun's energy. And if you can"}, {"start": "00:07:55", "end": "00:07:59", "text": "capture that via solar in space and then"}, {"start": "00:07:58", "end": "00:08:01", "text": "you can have basically a data center"}, {"start": "00:07:59", "end": "00:08:04", "text": "right there at the point of energy"}, {"start": "00:08:01", "end": "00:08:05", "text": "capture, you can then beam the data, the"}, {"start": "00:08:04", "end": "00:08:07", "text": "connection, etc. back down to the"}, {"start": "00:08:05", "end": "00:08:09", "text": "internet. He's proven that he can launch"}, {"start": "00:08:07", "end": "00:08:11", "text": "rockets. He's proven he can reuse the"}, {"start": "00:08:09", "end": "00:08:13", "text": "rockets. He's proven that he can beam"}, {"start": "00:08:11", "end": "00:08:15", "text": "the internet down from these kind of low"}, {"start": "00:08:13", "end": "00:08:17", "text": "orbit satellites. Do you think it's"}, {"start": "00:08:15", "end": "00:08:18", "text": "possible to actually build the orbital"}, {"start": "00:08:17", "end": "00:08:20", "text": "data center? Like I I don't think"}, {"start": "00:08:18", "end": "00:08:23", "text": "there's actually one that exists yet,"}, {"start": "00:08:20", "end": "00:08:24", "text": "but it seems like the math works. It's"}, {"start": "00:08:23", "end": "00:08:26", "text": "possible. The math doesn't work on a"}, {"start": "00:08:24", "end": "00:08:30", "text": "price basis yet, but it could work with"}, {"start": "00:08:26", "end": "00:08:32", "text": "Starship. So, look, a a Starlink"}, {"start": "00:08:30", "end": "00:08:34", "text": "satellite doing internet is kind of an"}, {"start": "00:08:32", "end": "00:08:37", "text": "orbital data center. It's it's using its"}, {"start": "00:08:34", "end": "00:08:39", "text": "compute to handle telecoms and"}, {"start": "00:08:37", "end": "00:08:42", "text": "compression and channel hopping and so"}, {"start": "00:08:39", "end": "00:08:44", "text": "on, not for computing AI, but it has"}, {"start": "00:08:42", "end": "00:08:46", "text": "some compute on it. And we've had the"}, {"start": "00:08:44", "end": "00:08:48", "text": "first example of a satellite launch that"}, {"start": "00:08:46", "end": "00:08:50", "text": "has a GPU on it doing that sort of"}, {"start": "00:08:48", "end": "00:08:53", "text": "thing. So, nothing says it's impossible."}, {"start": "00:08:50", "end": "00:08:55", "text": "When you do the math, you've got to"}, {"start": "00:08:53", "end": "00:08:56", "text": "bring launch costs down by somewhere"}, {"start": "00:08:55", "end": "00:08:59", "text": "between a factor of four and a factor of"}, {"start": "00:08:56", "end": "00:09:02", "text": "10 from where they are now to compete"}, {"start": "00:08:59", "end": "00:09:04", "text": "against costs on the ground. Starship"}, {"start": "00:09:02", "end": "00:09:05", "text": "should be able to do that, but it's"}, {"start": "00:09:04", "end": "00:09:07", "text": "going to require that we have, you know,"}, {"start": "00:09:05", "end": "00:09:08", "text": "two-stage reusability. They got to catch"}, {"start": "00:09:07", "end": "00:09:11", "text": "both the upper and the bottom. And"}, {"start": "00:09:08", "end": "00:09:12", "text": "they've got to be able to launch a lot"}, {"start": "00:09:11", "end": "00:09:14", "text": "of Starships. They've got, you got to"}, {"start": "00:09:12", "end": "00:09:17", "text": "get to the point of launching Starship"}, {"start": "00:09:14", "end": "00:09:20", "text": "multiple times per day for that launch"}, {"start": "00:09:17", "end": "00:09:21", "text": "cost to get cheap enough. But the the"}, {"start": "00:09:20", "end": "00:09:24", "text": "flip side of that, here's a way to look"}, {"start": "00:09:21", "end": "00:09:25", "text": "at that. If you think demand for compute"}, {"start": "00:09:24", "end": "00:09:28", "text": "is basically infinite, if you think it's"}, {"start": "00:09:25", "end": "00:09:32", "text": "unlimited, eventually you just run into"}, {"start": "00:09:28", "end": "00:09:34", "text": "limitations on the ground. And so even"}, {"start": "00:09:32", "end": "00:09:36", "text": "if it's more expensive to go to space,"}, {"start": "00:09:34", "end": "00:09:38", "text": "if that's the only place from a"}, {"start": "00:09:36", "end": "00:09:40", "text": "regulatory standpoint that you can go,"}, {"start": "00:09:38", "end": "00:09:41", "text": "uh it might make sense. Now, I don't"}, {"start": "00:09:40", "end": "00:09:43", "text": "actually buy that argument. I think"}, {"start": "00:09:41", "end": "00:09:45", "text": "there's a lot of other places we can"}, {"start": "00:09:43", "end": "00:09:47", "text": "figure out to put compute. Uh but that's"}, {"start": "00:09:45", "end": "00:09:49", "text": "part of the bet Elon's making. I'll make"}, {"start": "00:09:47", "end": "00:09:52", "text": "one more argument. flip side of this."}, {"start": "00:09:49", "end": "00:09:53", "text": "Elon's wanted to go to Mars, right? Uh"}, {"start": "00:09:52", "end": "00:09:56", "text": "you can't there's no business model for"}, {"start": "00:09:53", "end": "00:09:58", "text": "going to Mars. He wants uh to get"}, {"start": "00:09:56", "end": "00:10:00", "text": "Starship down to these incredibly low"}, {"start": "00:09:58", "end": "00:10:02", "text": "launch costs, a tenth of what it costs"}, {"start": "00:10:00", "end": "00:10:04", "text": "today. That only works if you're"}, {"start": "00:10:02", "end": "00:10:08", "text": "launching again, you know, a thousand"}, {"start": "00:10:04", "end": "00:10:10", "text": "Starship flights uh a year or more."}, {"start": "00:10:08", "end": "00:10:14", "text": "There is no demand. There's not enough"}, {"start": "00:10:10", "end": "00:10:17", "text": "demand for launch for telecoms for"}, {"start": "00:10:14", "end": "00:10:19", "text": "Starlink type services to actually scale"}, {"start": "00:10:17", "end": "00:10:22", "text": "Starship to the fleet size and launch"}, {"start": "00:10:19", "end": "00:10:25", "text": "cadence that he wants. So in a way uh"}, {"start": "00:10:22", "end": "00:10:27", "text": "this is a godsend to Elon. This is it's"}, {"start": "00:10:25", "end": "00:10:29", "text": "really smart like Elon originally wanted"}, {"start": "00:10:27", "end": "00:10:32", "text": "to go to Mars. He didn't want to build a"}, {"start": "00:10:29", "end": "00:10:33", "text": "satellite telecoms network. He built"}, {"start": "00:10:32", "end": "00:10:36", "text": "Starlink because it was the business"}, {"start": "00:10:33", "end": "00:10:38", "text": "model that worked for launch. And so now"}, {"start": "00:10:36", "end": "00:10:41", "text": "orbital data is a business model that"}, {"start": "00:10:38", "end": "00:10:44", "text": "can actually justify enough mass to make"}, {"start": "00:10:41", "end": "00:10:47", "text": "Starship make sense. Uh flip side is you"}, {"start": "00:10:44", "end": "00:10:49", "text": "know we've got a whole lot of desert on"}, {"start": "00:10:47", "end": "00:10:52", "text": "planet Earth and it's probably for the"}, {"start": "00:10:49", "end": "00:10:55", "text": "time being until Starship is at that"}, {"start": "00:10:52", "end": "00:10:57", "text": "scale it's probably cheaper uh to you"}, {"start": "00:10:55", "end": "00:11:00", "text": "know cover the deserts of the world with"}, {"start": "00:10:57", "end": "00:11:02", "text": "solar and batteries that work 24/7 uh to"}, {"start": "00:11:00", "end": "00:11:05", "text": "build these data centers. uh you see the"}, {"start": "00:11:02", "end": "00:11:09", "text": "first signs of projects that pencil like"}, {"start": "00:11:05", "end": "00:11:11", "text": "that in the UAE in Chile we have solar"}, {"start": "00:11:09", "end": "00:11:13", "text": "plus battery projects that are base load"}, {"start": "00:11:11", "end": "00:11:15", "text": "solar uh that are cheaper than behind"}, {"start": "00:11:13", "end": "00:11:17", "text": "the meter gas so I expect the world will"}, {"start": "00:11:15", "end": "00:11:19", "text": "start doing some of that for data"}, {"start": "00:11:17", "end": "00:11:21", "text": "centers as well now when you're thinking"}, {"start": "00:11:19", "end": "00:11:23", "text": "about uh this stuff in space the two"}, {"start": "00:11:21", "end": "00:11:26", "text": "things that I've heard people critique"}, {"start": "00:11:23", "end": "00:11:28", "text": "this is the cooling is still highly"}, {"start": "00:11:26", "end": "00:11:29", "text": "debated as to like is it easier or"}, {"start": "00:11:28", "end": "00:11:32", "text": "harder in space maybe have some opinions"}, {"start": "00:11:29", "end": "00:11:34", "text": "there and then the second thing is um"}, {"start": "00:11:32", "end": "00:11:37", "text": "how do you fix the GPUs or the you know"}, {"start": "00:11:34", "end": "00:11:38", "text": "the machinery if there's some sort of uh"}, {"start": "00:11:37", "end": "00:11:40", "text": "um issue with it?"}, {"start": "00:11:38", "end": "00:11:42", "text": ">> Yeah, the cooling is just physics,"}, {"start": "00:11:40", "end": "00:11:45", "text": "right? So space is an insulator. There's"}, {"start": "00:11:42", "end": "00:11:46", "text": "no uh you know convective cooling,"}, {"start": "00:11:45", "end": "00:11:49", "text": "there's no conductive cooling. You touch"}, {"start": "00:11:46", "end": "00:11:51", "text": "space and no heat leaks out. But you"}, {"start": "00:11:49", "end": "00:11:52", "text": "build giant radiators, big aluminum fins"}, {"start": "00:11:51", "end": "00:11:54", "text": "with special coatings on them, they"}, {"start": "00:11:52", "end": "00:11:56", "text": "radiate heat. So it just comes down to"}, {"start": "00:11:54", "end": "00:11:58", "text": "sort of a mass equation and that comes"}, {"start": "00:11:56", "end": "00:12:00", "text": "down to cost. you just have to launch a"}, {"start": "00:11:58", "end": "00:12:02", "text": "lot of aluminum fins to be able to"}, {"start": "00:12:00", "end": "00:12:04", "text": "radiate that heat away. And that just"}, {"start": "00:12:02", "end": "00:12:05", "text": "adds to the weight and adds to the cost."}, {"start": "00:12:04", "end": "00:12:07", "text": "Uh you can do it. Now, you do have some"}, {"start": "00:12:05", "end": "00:12:10", "text": "other complications. You're going to"}, {"start": "00:12:07", "end": "00:12:11", "text": "have to have these cooling loops, uh you"}, {"start": "00:12:10", "end": "00:12:13", "text": "know, filled with maybe something like"}, {"start": "00:12:11", "end": "00:12:15", "text": "ammonia or some other coolant and pumps"}, {"start": "00:12:13", "end": "00:12:16", "text": "and circulators and compressors, and"}, {"start": "00:12:15", "end": "00:12:19", "text": "that adds to the moving part count,"}, {"start": "00:12:16", "end": "00:12:21", "text": "which again, uh adds the possibility of"}, {"start": "00:12:19", "end": "00:12:22", "text": "things breaking. And so, we don't know."}, {"start": "00:12:21", "end": "00:12:24", "text": "I think the maintenance question is one"}, {"start": "00:12:22", "end": "00:12:27", "text": "of the most unanswered. we can do the"}, {"start": "00:12:24", "end": "00:12:29", "text": "math on uh cooling and say okay that"}, {"start": "00:12:27", "end": "00:12:31", "text": "just means launch cost has to be so much"}, {"start": "00:12:29", "end": "00:12:34", "text": "uh lower. I don't think we have good"}, {"start": "00:12:31", "end": "00:12:35", "text": "data on how often things will break"}, {"start": "00:12:34", "end": "00:12:39", "text": "there. And in particular if you look at"}, {"start": "00:12:35", "end": "00:12:41", "text": "Elon's plans the hotter you run a chip"}, {"start": "00:12:39", "end": "00:12:43", "text": "the easier it is to radiate away the"}, {"start": "00:12:41", "end": "00:12:45", "text": "heat. Uh but the hotter you run a chip"}, {"start": "00:12:43", "end": "00:12:47", "text": "the more failures you have. So he's"}, {"start": "00:12:45", "end": "00:12:51", "text": "talking about running these chips you"}, {"start": "00:12:47", "end": "00:12:53", "text": "know 25� C 50� F hotter than they run in"}, {"start": "00:12:51", "end": "00:12:54", "text": "data centers on Earth. And that's a"}, {"start": "00:12:53", "end": "00:12:56", "text": "challenge,"}, {"start": "00:12:54", "end": "00:12:57", "text": ">> ladies and gentlemen. I'm a software"}, {"start": "00:12:56", "end": "00:12:59", "text": "guy, but every once in a while, I come"}, {"start": "00:12:57", "end": "00:13:00", "text": "across a piece of hardware that I just"}, {"start": "00:12:59", "end": "00:13:03", "text": "simply can't live without. And that's"}, {"start": "00:13:00", "end": "00:13:05", "text": "plaid for me. Now, now this whole thing"}, {"start": "00:13:03", "end": "00:13:06", "text": "is basically a hedge against me losing"}, {"start": "00:13:05", "end": "00:13:08", "text": "my memory because when I have all these"}, {"start": "00:13:06", "end": "00:13:10", "text": "conversations, I talk to founders,"}, {"start": "00:13:08", "end": "00:13:11", "text": "investors, all kinds of people every"}, {"start": "00:13:10", "end": "00:13:12", "text": "single day. There's three things that I"}, {"start": "00:13:11", "end": "00:13:14", "text": "always want to take away from the"}, {"start": "00:13:12", "end": "00:13:16", "text": "conversation. What I learned, what are"}, {"start": "00:13:14", "end": "00:13:17", "text": "the next steps, action items, and then"}, {"start": "00:13:16", "end": "00:13:19", "text": "what notes do I need to remember for"}, {"start": "00:13:17", "end": "00:13:20", "text": "some period in the future. You can even"}, {"start": "00:13:19", "end": "00:13:21", "text": "mark important moments during the"}, {"start": "00:13:20", "end": "00:13:23", "text": "discussion so that you can quickly"}, {"start": "00:13:21", "end": "00:13:24", "text": "reference them later. Whether [music]"}, {"start": "00:13:23", "end": "00:13:26", "text": "it's a founder meeting, an investor"}, {"start": "00:13:24", "end": "00:13:28", "text": "call, a podcast interview, or maybe even"}, {"start": "00:13:26", "end": "00:13:30", "text": "just want to sit down and talk to your"}, {"start": "00:13:28", "end": "00:13:31", "text": "spouse. I could instantly go back and"}, {"start": "00:13:30", "end": "00:13:33", "text": "forth and find key insights, decisions,"}, {"start": "00:13:31", "end": "00:13:35", "text": "action items that I talked about in that"}, {"start": "00:13:33", "end": "00:13:36", "text": "conversation. Over time, every"}, {"start": "00:13:35", "end": "00:13:38", "text": "conversation all of a sudden becomes an"}, {"start": "00:13:36", "end": "00:13:40", "text": "[music] asset instead of a forgotten"}, {"start": "00:13:38", "end": "00:13:42", "text": "moment. And in a world where information"}, {"start": "00:13:40", "end": "00:13:43", "text": "is abundant, the ability to retain and"}, {"start": "00:13:42", "end": "00:13:44", "text": "leverage knowledge is a very real"}, {"start": "00:13:43", "end": "00:13:46", "text": "competitive [music] advantage. That's"}, {"start": "00:13:44", "end": "00:13:48", "text": "why Plaude Note Pro caught my attention"}, {"start": "00:13:46", "end": "00:13:50", "text": "recently. It's a credit card sized"}, {"start": "00:13:48", "end": "00:13:51", "text": "notetaker. Slim, portable, perfectly"}, {"start": "00:13:50", "end": "00:13:52", "text": "integrated with my phone. And the part"}, {"start": "00:13:51", "end": "00:13:54", "text": "that I love about it is that it"}, {"start": "00:13:52", "end": "00:13:56", "text": "automatically captures conversations. It"}, {"start": "00:13:54", "end": "00:13:58", "text": "turns it into board ready summaries. You"}, {"start": "00:13:56", "end": "00:13:59", "text": "can have structured action items and it"}, {"start": "00:13:58", "end": "00:14:01", "text": "does flawless transcription. It is"}, {"start": "00:13:59", "end": "00:14:03", "text": "really magical and you should try it"}, {"start": "00:14:01", "end": "00:14:04", "text": "out. So go check them out. This hardware"}, {"start": "00:14:03", "end": "00:14:06", "text": "has completely changed my life and I"}, {"start": "00:14:04", "end": "00:14:08", "text": "think that you'll end up finding it very"}, {"start": "00:14:06", "end": "00:14:09", "text": "valuable. So if you want to use Plaude"}, {"start": "00:14:08", "end": "00:14:11", "text": "and get the same value out of it that"}, {"start": "00:14:09", "end": "00:14:13", "text": "I've gotten out of it, go check them out"}, {"start": "00:14:11", "end": "00:14:15", "text": "at plaude.ai/pmp."}, {"start": "00:14:13", "end": "00:14:18", "text": "You can go to plaude.ai/p ai/pom and get"}, {"start": "00:14:15", "end": "00:14:19", "text": "15% off if you use the code pump or just"}, {"start": "00:14:18", "end": "00:14:22", "text": "go click on the link in the description."}, {"start": "00:14:19", "end": "00:14:24", "text": "So go to plaud.ai/pmp"}, {"start": "00:14:22", "end": "00:14:26", "text": "today. Yeah, it's it's fascinating to me"}, {"start": "00:14:24", "end": "00:14:29", "text": "because I guess part of this is also if"}, {"start": "00:14:26", "end": "00:14:31", "text": "you can start to shrink the size of the"}, {"start": "00:14:29", "end": "00:14:33", "text": "machines that need to be up there. like"}, {"start": "00:14:31", "end": "00:14:34", "text": "everything is just compression."}, {"start": "00:14:33", "end": "00:14:36", "text": "Compressing timelines, compressing cost,"}, {"start": "00:14:34", "end": "00:14:39", "text": "compressing size, compressing, you know,"}, {"start": "00:14:36", "end": "00:14:41", "text": "all of this. That really feels like the"}, {"start": "00:14:39", "end": "00:14:43", "text": "world is about to spend, I don't know,"}, {"start": "00:14:41", "end": "00:14:44", "text": "trillions of dollars just compressing"}, {"start": "00:14:43", "end": "00:14:45", "text": "this entire thing to make it as"}, {"start": "00:14:44", "end": "00:14:47", "text": "efficient as possible, right?"}, {"start": "00:14:45", "end": "00:14:48", "text": ">> Yeah. I mean, we that's what we've been"}, {"start": "00:14:47", "end": "00:14:50", "text": "doing, you know, like uh we're making"}, {"start": "00:14:48", "end": "00:14:53", "text": "sand sentient as they say, right? So,"}, {"start": "00:14:50", "end": "00:14:55", "text": "we've been taking information and"}, {"start": "00:14:53", "end": "00:14:57", "text": "compressing it into this physical stuff,"}, {"start": "00:14:55", "end": "00:14:59", "text": "the ability to compute into smaller and"}, {"start": "00:14:57", "end": "00:15:01", "text": "smaller packages. Uh but that has meant"}, {"start": "00:14:59", "end": "00:15:04", "text": "that while total energy use per unit of"}, {"start": "00:15:01", "end": "00:15:05", "text": "computation goes down, the density of it"}, {"start": "00:15:04", "end": "00:15:07", "text": "goes up. So the temperatures of these"}, {"start": "00:15:05", "end": "00:15:10", "text": "things go up a lot. Um I'll I'll pitch"}, {"start": "00:15:07", "end": "00:15:11", "text": "again one of my startups, Pontalasa. Uh"}, {"start": "00:15:10", "end": "00:15:12", "text": "they do this at the ocean, right? So"}, {"start": "00:15:11", "end": "00:15:13", "text": "they [clears throat]"}, {"start": "00:15:12", "end": "00:15:16", "text": ">> guys, yeah. What do they do?"}, {"start": "00:15:13", "end": "00:15:18", "text": ">> Well, they're uh we just announced a big"}, {"start": "00:15:16", "end": "00:15:21", "text": "round of theirs a little while ago led"}, {"start": "00:15:18", "end": "00:15:22", "text": "by Peter Theel among others. They build"}, {"start": "00:15:21", "end": "00:15:25", "text": "uh these floating ocean data centers"}, {"start": "00:15:22", "end": "00:15:27", "text": "that bounce on waves and the biggest"}, {"start": "00:15:25", "end": "00:15:29", "text": "waves on the planet are around"}, {"start": "00:15:27", "end": "00:15:31", "text": "Antarctica. So these are floating data"}, {"start": "00:15:29", "end": "00:15:33", "text": "centers that go up and down in giant"}, {"start": "00:15:31", "end": "00:15:35", "text": "ocean swells and they generate"}, {"start": "00:15:33", "end": "00:15:38", "text": "electricity from the water being sort of"}, {"start": "00:15:35", "end": "00:15:41", "text": "forced up a tube. Uh and we think"}, {"start": "00:15:38", "end": "00:15:43", "text": "they're super cheap and the cold ocean"}, {"start": "00:15:41", "end": "00:15:45", "text": "waters give you basically cooling for"}, {"start": "00:15:43", "end": "00:15:48", "text": "free. So it's another bet. In many ways"}, {"start": "00:15:45", "end": "00:15:51", "text": "it's a bet like space-based solar. Let's"}, {"start": "00:15:48", "end": "00:15:53", "text": "get past the limitations of the grid."}, {"start": "00:15:51", "end": "00:15:56", "text": "Let's get past local permitting and"}, {"start": "00:15:53", "end": "00:15:58", "text": "zoning. Let's get back local gets past"}, {"start": "00:15:56", "end": "00:16:01", "text": "local push back and go to a frontier"}, {"start": "00:15:58", "end": "00:16:04", "text": "where there's a lot of energy uh and"}, {"start": "00:16:01", "end": "00:16:06", "text": "where there's not a lot of uh obstacles"}, {"start": "00:16:04", "end": "00:16:07", "text": "from a regulatory standpoint."}, {"start": "00:16:06", "end": "00:16:09", "text": ">> Let's talk about this a little bit more."}, {"start": "00:16:07", "end": "00:16:10", "text": "So there's basically like a big giant"}, {"start": "00:16:09", "end": "00:16:12", "text": "ball. I almost think of it like you know"}, {"start": "00:16:10", "end": "00:16:14", "text": "that movie like Bubble Boy or whatever"}, {"start": "00:16:12", "end": "00:16:18", "text": "it was, right? But inside of it you have"}, {"start": "00:16:14", "end": "00:16:19", "text": "a data center. How as the ball is being"}, {"start": "00:16:18", "end": "00:16:21", "text": "pushed on the waves, what is the"}, {"start": "00:16:19", "end": "00:16:22", "text": "connection to the electricity"}, {"start": "00:16:21", "end": "00:16:24", "text": "generation? Is there some sort of like"}, {"start": "00:16:22", "end": "00:16:25", "text": "wheel or or something that is like"}, {"start": "00:16:24", "end": "00:16:27", "text": "capturing the motion?"}, {"start": "00:16:25", "end": "00:16:29", "text": ">> Yes, it's amazing. So, what you see in"}, {"start": "00:16:27", "end": "00:16:31", "text": "the pictures is a sphere at the top, but"}, {"start": "00:16:29", "end": "00:16:33", "text": "then you have a tube that's gently"}, {"start": "00:16:31", "end": "00:16:37", "text": "tapering that's like a football field"}, {"start": "00:16:33", "end": "00:16:39", "text": "long, 85 m long that goes down. The"}, {"start": "00:16:37", "end": "00:16:42", "text": "waves send it up and when it comes down,"}, {"start": "00:16:39", "end": "00:16:43", "text": "water is forced up that tube and that"}, {"start": "00:16:42", "end": "00:16:47", "text": "water turns a turbine. And the way"}, {"start": "00:16:43", "end": "00:16:49", "text": "they've got it, some very just clever uh"}, {"start": "00:16:47", "end": "00:16:54", "text": "systems of tubes and pipes, if you will,"}, {"start": "00:16:49", "end": "00:16:57", "text": "you can have 90 92 95%"}, {"start": "00:16:54", "end": "00:17:01", "text": "continuous power output from that system"}, {"start": "00:16:57", "end": "00:17:04", "text": "with almost no moving parts. Uh and you"}, {"start": "00:17:01", "end": "00:17:06", "text": "don't even need uh a cooling loop. The"}, {"start": "00:17:04", "end": "00:17:08", "text": "GPU is just plugged into, you know, a"}, {"start": "00:17:06", "end": "00:17:10", "text": "heat sink that conducts electricity"}, {"start": "00:17:08", "end": "00:17:13", "text": "straight to the metal walls of this"}, {"start": "00:17:10", "end": "00:17:15", "text": "stuff that goes to this super cold ocean"}, {"start": "00:17:13", "end": "00:17:17", "text": "water and cools it."}, {"start": "00:17:15", "end": "00:17:19", "text": ">> Now, what happens if you get calm waters"}, {"start": "00:17:17", "end": "00:17:20", "text": "or are there no calm waters in uh"}, {"start": "00:17:19", "end": "00:17:24", "text": "Antarctica?"}, {"start": "00:17:20", "end": "00:17:28", "text": ">> In the southern ocean, a calm day is"}, {"start": "00:17:24", "end": "00:17:31", "text": "like uh the worst day on the, you know,"}, {"start": "00:17:28", "end": "00:17:33", "text": "uh waviest beach uh where people live."}, {"start": "00:17:31", "end": "00:17:35", "text": ">> Got it. So there's always motion that's"}, {"start": "00:17:33", "end": "00:17:38", "text": "going on and that allows you to continue"}, {"start": "00:17:35", "end": "00:17:39", "text": "to do this. Now, um, if something is 85"}, {"start": "00:17:38", "end": "00:17:41", "text": "m deep in the water, like I don't know,"}, {"start": "00:17:39", "end": "00:17:43", "text": "it's a Titanic. What if it hits"}, {"start": "00:17:41", "end": "00:17:44", "text": "something or or can these things break"}, {"start": "00:17:43", "end": "00:17:46", "text": "or how do you think about some of these"}, {"start": "00:17:44", "end": "00:17:47", "text": "edge cases when you're underwriting an"}, {"start": "00:17:46", "end": "00:17:50", "text": "investment like this?"}, {"start": "00:17:47", "end": "00:17:51", "text": ">> The ocean's really big. Uh, so I like"}, {"start": "00:17:50", "end": "00:17:53", "text": "these things while enormous in some"}, {"start": "00:17:51", "end": "00:17:55", "text": "sense are tiny compared to the scale of"}, {"start": "00:17:53", "end": "00:17:57", "text": "what's out there. They have the ability"}, {"start": "00:17:55", "end": "00:17:59", "text": "to steer themselves uh to some extent."}, {"start": "00:17:57", "end": "00:18:02", "text": "They mostly follow the current but they"}, {"start": "00:17:59", "end": "00:18:04", "text": "can they can you know set their course"}, {"start": "00:18:02", "end": "00:18:07", "text": "and all of everything we build has some"}, {"start": "00:18:04", "end": "00:18:09", "text": "failure rate in space we'll have risk of"}, {"start": "00:18:07", "end": "00:18:11", "text": "orbital debris we'll have things break"}, {"start": "00:18:09", "end": "00:18:14", "text": "for various reasons we'll have solar"}, {"start": "00:18:11", "end": "00:18:17", "text": "storms uh but if you distribute the"}, {"start": "00:18:14", "end": "00:18:19", "text": "compute enough losing one node is not"}, {"start": "00:18:17", "end": "00:18:21", "text": "catastrophic"}, {"start": "00:18:19", "end": "00:18:23", "text": ">> and of these uh spheres that are in the"}, {"start": "00:18:21", "end": "00:18:24", "text": "water do you have to build an entire"}, {"start": "00:18:23", "end": "00:18:26", "text": "network of them where they communicate"}, {"start": "00:18:24", "end": "00:18:28", "text": "with each other or can you just have you"}, {"start": "00:18:26", "end": "00:18:30", "text": "know one and there's really just like"}, {"start": "00:18:28", "end": "00:18:33", "text": "that thing is beaming uh connectivity or"}, {"start": "00:18:30", "end": "00:18:33", "text": "power or compute to uh to an end"}, {"start": "00:18:33", "end": "00:18:34", "text": "customer."}, {"start": "00:18:33", "end": "00:18:36", "text": ">> Yeah, that's a really good question. So"}, {"start": "00:18:34", "end": "00:18:38", "text": "when we look at AI compute, we're"}, {"start": "00:18:36", "end": "00:18:40", "text": "talking about data centers doing two"}, {"start": "00:18:38", "end": "00:18:42", "text": "different things. One is training the AI"}, {"start": "00:18:40", "end": "00:18:44", "text": "models and the other is inference"}, {"start": "00:18:42", "end": "00:18:47", "text": "serving up when you go chat with chatbt"}, {"start": "00:18:44", "end": "00:18:50", "text": "or cloud or whatnot. For training, you"}, {"start": "00:18:47", "end": "00:18:52", "text": "need uh massive data centers with"}, {"start": "00:18:50", "end": "00:18:53", "text": "incredibly high-speed interconnect like"}, {"start": "00:18:52", "end": "00:18:56", "text": "optical connections between all the"}, {"start": "00:18:53", "end": "00:18:58", "text": "racks. maybe a gigawatt in one place is"}, {"start": "00:18:56", "end": "00:19:01", "text": "what people want. Uh and so you're not"}, {"start": "00:18:58", "end": "00:19:03", "text": "going to use distributed systems for"}, {"start": "00:19:01", "end": "00:19:06", "text": "training. But for inference, when you're"}, {"start": "00:19:03", "end": "00:19:07", "text": "just asking a question to an AI model,"}, {"start": "00:19:06", "end": "00:19:10", "text": "you might be talking to one rack of"}, {"start": "00:19:07", "end": "00:19:13", "text": "servers. Might be talking to 20 GPUs at"}, {"start": "00:19:10", "end": "00:19:16", "text": "once. Uh and so that can be uh pretty"}, {"start": "00:19:13", "end": "00:19:18", "text": "easily done with a distributed model."}, {"start": "00:19:16", "end": "00:19:19", "text": ">> Got it. Let's go back to the grid for a"}, {"start": "00:19:18", "end": "00:19:21", "text": "second. I want to throw a couple of"}, {"start": "00:19:19", "end": "00:19:22", "text": "different ideas. some I've invested in,"}, {"start": "00:19:21", "end": "00:19:24", "text": "some I've looked at and not invested in,"}, {"start": "00:19:22", "end": "00:19:26", "text": "but I think are are interesting. Um, one"}, {"start": "00:19:24", "end": "00:19:28", "text": "is base power. They've got this kind of"}, {"start": "00:19:26", "end": "00:19:30", "text": "decentralized uh system that they've"}, {"start": "00:19:28", "end": "00:19:31", "text": "built. They're essentially selling it."}, {"start": "00:19:30", "end": "00:19:32", "text": "The way I describe it is like a Tesla"}, {"start": "00:19:31", "end": "00:19:34", "text": "power wall, which people are familiar"}, {"start": "00:19:32", "end": "00:19:36", "text": "with. They've got their own version."}, {"start": "00:19:34", "end": "00:19:38", "text": "It's super cheap. You uh attach it to"}, {"start": "00:19:36", "end": "00:19:40", "text": "your home and then they are allowing you"}, {"start": "00:19:38", "end": "00:19:42", "text": "to hold power, sell it back to the grid,"}, {"start": "00:19:40", "end": "00:19:43", "text": "you can use it if there's some sort of"}, {"start": "00:19:42", "end": "00:19:46", "text": "blackout. It's almost like a"}, {"start": "00:19:43", "end": "00:19:48", "text": "decentralized electrical grid is is the"}, {"start": "00:19:46", "end": "00:19:51", "text": "way I think about it. Is that going to"}, {"start": "00:19:48", "end": "00:19:53", "text": "eventually be the default type of system"}, {"start": "00:19:51", "end": "00:19:54", "text": "for the entire US electrical grid or do"}, {"start": "00:19:53", "end": "00:19:55", "text": "you think that only is going to work in"}, {"start": "00:19:54", "end": "00:19:57", "text": "certain states?"}, {"start": "00:19:55", "end": "00:19:59", "text": ">> Bass is amazing. Very, very smart team."}, {"start": "00:19:57", "end": "00:20:00", "text": "I'm acquainted with them. Uh they've"}, {"start": "00:19:59", "end": "00:20:04", "text": "done some really clever stuff. Their"}, {"start": "00:20:00", "end": "00:20:07", "text": "model works because Texas where they had"}, {"start": "00:20:04", "end": "00:20:08", "text": "started is a deregulated energy market."}, {"start": "00:20:07", "end": "00:20:11", "text": "So they're, you know, giving you a"}, {"start": "00:20:08", "end": "00:20:13", "text": "battery for I think the the current"}, {"start": "00:20:11", "end": "00:20:16", "text": "quotes I've seen are nine bucks a month"}, {"start": "00:20:13", "end": "00:20:18", "text": "and you got backup for your house. Why"}, {"start": "00:20:16", "end": "00:20:21", "text": "does that work? It works because they're"}, {"start": "00:20:18", "end": "00:20:23", "text": "using that battery to buy and sell power"}, {"start": "00:20:21", "end": "00:20:25", "text": "on the grid, to buy power when it's"}, {"start": "00:20:23", "end": "00:20:26", "text": "cheap, sell it back when it's expensive,"}, {"start": "00:20:25", "end": "00:20:29", "text": "and they become your electricity"}, {"start": "00:20:26", "end": "00:20:31", "text": "retailer. And so that business model all"}, {"start": "00:20:29", "end": "00:20:34", "text": "all around pencils for them. Like you're"}, {"start": "00:20:31", "end": "00:20:36", "text": "paying them n bucks a month, but in some"}, {"start": "00:20:34", "end": "00:20:38", "text": "sense, they're using your house to build"}, {"start": "00:20:36", "end": "00:20:41", "text": "a small power plant and it's a battery"}, {"start": "00:20:38", "end": "00:20:43", "text": "that you know pulls in and out power and"}, {"start": "00:20:41", "end": "00:20:45", "text": "they're taking over. they become your"}, {"start": "00:20:43", "end": "00:20:48", "text": "utility that you're paying. That"}, {"start": "00:20:45", "end": "00:20:52", "text": "business model works in eight US states."}, {"start": "00:20:48", "end": "00:20:54", "text": "Uh Texas being the largest. So, uh uh"}, {"start": "00:20:52", "end": "00:20:56", "text": "the Texas power grid is a deregulated"}, {"start": "00:20:54", "end": "00:21:00", "text": "market. And it's kind of amazing because"}, {"start": "00:20:56", "end": "00:21:02", "text": "it's a very free market system where"}, {"start": "00:21:00", "end": "00:21:03", "text": "both on the retail side, you can pick"}, {"start": "00:21:02", "end": "00:21:06", "text": "who your power company is and you they"}, {"start": "00:21:03", "end": "00:21:08", "text": "compete on prices and on the wholesale"}, {"start": "00:21:06", "end": "00:21:10", "text": "side, on the generation side, anybody"}, {"start": "00:21:08", "end": "00:21:12", "text": "can build a power plant and just sell"}, {"start": "00:21:10", "end": "00:21:15", "text": "power onto the grid. It's incredibly"}, {"start": "00:21:12", "end": "00:21:18", "text": "competitive. In fact, Texas is the"}, {"start": "00:21:15", "end": "00:21:22", "text": "number one state in the US for solar,"}, {"start": "00:21:18", "end": "00:21:24", "text": "wind, and batteries without any specific"}, {"start": "00:21:22", "end": "00:21:26", "text": "policies to advance them. It's just a"}, {"start": "00:21:24", "end": "00:21:28", "text": "very, very competitive market. And so,"}, {"start": "00:21:26", "end": "00:21:30", "text": "these things win on cost. So, I'd love"}, {"start": "00:21:28", "end": "00:21:31", "text": "to see more of the US adopt a model like"}, {"start": "00:21:30", "end": "00:21:33", "text": "that."}, {"start": "00:21:31", "end": "00:21:35", "text": ">> Now, there's companies like uh Giga"}, {"start": "00:21:33", "end": "00:21:37", "text": "Energy in Texas. What they are doing is"}, {"start": "00:21:35", "end": "00:21:38", "text": "these kind of modular, they started with"}, {"start": "00:21:37", "end": "00:21:40", "text": "Bitcoin mining. Now, they've really went"}, {"start": "00:21:38", "end": "00:21:42", "text": "hard at AI infrastructure. And what I"}, {"start": "00:21:40", "end": "00:21:43", "text": "think is interesting about them is they"}, {"start": "00:21:42", "end": "00:21:45", "text": "really started with building the"}, {"start": "00:21:43", "end": "00:21:47", "text": "hardware. Now they're doing powered land"}, {"start": "00:21:45", "end": "00:21:49", "text": "and really saying, well, maybe we need"}, {"start": "00:21:47", "end": "00:21:50", "text": "to kind of eat the full stack when it"}, {"start": "00:21:49", "end": "00:21:53", "text": "comes to the development of the data"}, {"start": "00:21:50", "end": "00:21:54", "text": "center. Uh, in this way, is that the"}, {"start": "00:21:53", "end": "00:21:56", "text": "natural progression for a lot of these"}, {"start": "00:21:54", "end": "00:21:58", "text": "players is to eventually go from, hey,"}, {"start": "00:21:56", "end": "00:22:00", "text": "I've got one kind of corner of this"}, {"start": "00:21:58", "end": "00:22:01", "text": "supply chain or one piece of this and"}, {"start": "00:22:00", "end": "00:22:04", "text": "then now I've got to go and be able to"}, {"start": "00:22:01", "end": "00:22:05", "text": "deliver kind of an entire project."}, {"start": "00:22:04", "end": "00:22:07", "text": ">> Look, I think it makes sense for a lot"}, {"start": "00:22:05", "end": "00:22:10", "text": "of reasons. I think we will see still"}, {"start": "00:22:07", "end": "00:22:13", "text": "see multiple business models make sense."}, {"start": "00:22:10", "end": "00:22:15", "text": "Um but a the Bitcoin miners I know are"}, {"start": "00:22:13", "end": "00:22:17", "text": "all shifting to AI. I think you've"}, {"start": "00:22:15", "end": "00:22:20", "text": "covered this as well and it's because"}, {"start": "00:22:17", "end": "00:22:22", "text": "they have access to power and that is"}, {"start": "00:22:20", "end": "00:22:24", "text": "the bottleneck and you just make more"}, {"start": "00:22:22", "end": "00:22:26", "text": "dollars per kilowatt hour going into an"}, {"start": "00:22:24", "end": "00:22:30", "text": "AI compute than you do in Bitcoin"}, {"start": "00:22:26", "end": "00:22:33", "text": "ultimately. Uh and B because power is"}, {"start": "00:22:30", "end": "00:22:35", "text": "the constraint the you know value flows"}, {"start": "00:22:33", "end": "00:22:37", "text": "to what's scarce. So the ability to get"}, {"start": "00:22:35", "end": "00:22:40", "text": "things hooked up to power or the ability"}, {"start": "00:22:37", "end": "00:22:42", "text": "to route around power limitations of the"}, {"start": "00:22:40", "end": "00:22:45", "text": "grid that becomes a limiting factor"}, {"start": "00:22:42", "end": "00:22:46", "text": "where the value flows."}, {"start": "00:22:45", "end": "00:22:49", "text": "Now another company is American"}, {"start": "00:22:46", "end": "00:22:51", "text": "Consolidated Energy u or electric I'm"}, {"start": "00:22:49", "end": "00:22:53", "text": "sorry. And so when you think of uh of"}, {"start": "00:22:51", "end": "00:22:55", "text": "that business, a friend of mine runs it"}, {"start": "00:22:53", "end": "00:22:56", "text": "and um I think American Consolidated"}, {"start": "00:22:55", "end": "00:22:58", "text": "Electric started looking at well"}, {"start": "00:22:56", "end": "00:23:00", "text": "turbines, switchboards, you know, these"}, {"start": "00:22:58", "end": "00:23:03", "text": "various different components in the"}, {"start": "00:23:00", "end": "00:23:06", "text": "supply chain. Those are in very high"}, {"start": "00:23:03", "end": "00:23:07", "text": "demand, very low supply. There is a"}, {"start": "00:23:06", "end": "00:23:09", "text": "promise of yeah, sure, maybe you'll get"}, {"start": "00:23:07", "end": "00:23:11", "text": "it in 3 years or something like that."}, {"start": "00:23:09", "end": "00:23:13", "text": "And so in a weird way, it almost feels"}, {"start": "00:23:11", "end": "00:23:14", "text": "like a business that is going after the"}, {"start": "00:23:13", "end": "00:23:17", "text": "supply chain and saying that you're"}, {"start": "00:23:14", "end": "00:23:20", "text": "going to sell actual hardware components"}, {"start": "00:23:17", "end": "00:23:22", "text": "to these uh data centers or to these uh"}, {"start": "00:23:20", "end": "00:23:23", "text": "land developers. That's like selling the"}, {"start": "00:23:22", "end": "00:23:25", "text": "picks and shovels back in the gold rush."}, {"start": "00:23:23", "end": "00:23:26", "text": "I'm surprised that we don't see more"}, {"start": "00:23:25", "end": "00:23:27", "text": "companies stepping in to solve those"}, {"start": "00:23:26", "end": "00:23:28", "text": "bottlenecks."}, {"start": "00:23:27", "end": "00:23:31", "text": ">> We see some of it, but you know,"}, {"start": "00:23:28", "end": "00:23:32", "text": "transformers classically are are in"}, {"start": "00:23:31", "end": "00:23:35", "text": "short supply right now. So all of these"}, {"start": "00:23:32", "end": "00:23:36", "text": "components are in short supply. Uh these"}, {"start": "00:23:35", "end": "00:23:38", "text": "come, you know, often from companies"}, {"start": "00:23:36", "end": "00:23:41", "text": "that are not public, that are sometimes"}, {"start": "00:23:38", "end": "00:23:44", "text": "familyowned, old companies that are a"}, {"start": "00:23:41", "end": "00:23:47", "text": "little riskaverse to building out, uh,"}, {"start": "00:23:44", "end": "00:23:49", "text": "you know, a new assembly line or"}, {"start": "00:23:47", "end": "00:23:51", "text": "increasing their supply chain. Uh, but"}, {"start": "00:23:49", "end": "00:23:52", "text": "the prices are just going so high that"}, {"start": "00:23:51", "end": "00:23:55", "text": "we're seeing more and more investment"}, {"start": "00:23:52", "end": "00:23:57", "text": "both from the existing players and from"}, {"start": "00:23:55", "end": "00:23:59", "text": "new entrance that are saying, well, I"}, {"start": "00:23:57", "end": "00:24:01", "text": "can supply that. Uh, we're also seeing,"}, {"start": "00:23:59", "end": "00:24:04", "text": "you know, things are changing electrical"}, {"start": "00:24:01", "end": "00:24:07", "text": "system. uh you're you know the power"}, {"start": "00:24:04", "end": "00:24:10", "text": "output from a solar plant uh for example"}, {"start": "00:24:07", "end": "00:24:13", "text": "is DC uh the grid is AC at the end of"}, {"start": "00:24:10", "end": "00:24:15", "text": "the day the GPUs are consuming DC so we"}, {"start": "00:24:13", "end": "00:24:16", "text": "have all this conversion back and forth"}, {"start": "00:24:15", "end": "00:24:19", "text": "so we're seeing people talk about"}, {"start": "00:24:16", "end": "00:24:20", "text": "entirely DCbased data centers we're"}, {"start": "00:24:19", "end": "00:24:23", "text": "seeing people talking about increasing"}, {"start": "00:24:20", "end": "00:24:27", "text": "the voltage in a data center because it"}, {"start": "00:24:23", "end": "00:24:28", "text": "reduces how much copper wiring you need"}, {"start": "00:24:27", "end": "00:24:31", "text": "uh and makes the whole thing cheaper and"}, {"start": "00:24:28", "end": "00:24:34", "text": "simpler to assemble. So the whole world"}, {"start": "00:24:31", "end": "00:24:36", "text": "is uh routing around and trying to"}, {"start": "00:24:34", "end": "00:24:39", "text": "orient itself around these data centers"}, {"start": "00:24:36", "end": "00:24:41", "text": "that are they're not yet an enormous"}, {"start": "00:24:39", "end": "00:24:44", "text": "amount of our energy consumption, but"}, {"start": "00:24:41", "end": "00:24:47", "text": "they're incredibly concentrated load."}, {"start": "00:24:44", "end": "00:24:49", "text": "They have like the highest power density"}, {"start": "00:24:47", "end": "00:24:51", "text": "of any consumption of energy. How do we"}, {"start": "00:24:49", "end": "00:24:52", "text": "make that all work better? How do we"}, {"start": "00:24:51", "end": "00:24:55", "text": "move to these high power systems? How do"}, {"start": "00:24:52", "end": "00:24:57", "text": "we solve the bottlenecks of components"}, {"start": "00:24:55", "end": "00:24:59", "text": "that people just weren't buying in such"}, {"start": "00:24:57", "end": "00:25:01", "text": "volumes a couple years ago? Now, we've"}, {"start": "00:24:59", "end": "00:25:03", "text": "been talking a lot about the electrical"}, {"start": "00:25:01", "end": "00:25:04", "text": "grid and some of the bottlenecks in"}, {"start": "00:25:03", "end": "00:25:06", "text": "terms of power and energy. Let's talk"}, {"start": "00:25:04", "end": "00:25:08", "text": "about where this is all going. Uh, I"}, {"start": "00:25:06", "end": "00:25:10", "text": "think there's a lot of folks who believe"}, {"start": "00:25:08", "end": "00:25:12", "text": "that there is going to be some sort of"}, {"start": "00:25:10", "end": "00:25:14", "text": "like general super intelligence and that"}, {"start": "00:25:12", "end": "00:25:16", "text": "general super intelligence, you know,"}, {"start": "00:25:14", "end": "00:25:17", "text": "we're close. We're going to hit it."}, {"start": "00:25:16", "end": "00:25:19", "text": "We're going to take off and the world's"}, {"start": "00:25:17", "end": "00:25:21", "text": "going to be amazing. It sounds like"}, {"start": "00:25:19", "end": "00:25:22", "text": "you're a little bit bearish on that"}, {"start": "00:25:21", "end": "00:25:24", "text": "being the potential path that we take,"}, {"start": "00:25:22", "end": "00:25:27", "text": "but you do believe in this kind of like"}, {"start": "00:25:24", "end": "00:25:28", "text": "narrow super intelligence. So describe"}, {"start": "00:25:27", "end": "00:25:30", "text": "the difference between general and"}, {"start": "00:25:28", "end": "00:25:31", "text": "narrow and why do you think narrow is"}, {"start": "00:25:30", "end": "00:25:33", "text": "the more likely path?"}, {"start": "00:25:31", "end": "00:25:34", "text": ">> So I'm one of the few people in the west"}, {"start": "00:25:33", "end": "00:25:37", "text": "coast who doesn't think we're about to"}, {"start": "00:25:34", "end": "00:25:39", "text": "hit a singularity and and ASI that just"}, {"start": "00:25:37", "end": "00:25:43", "text": "does everything for us magically utopia"}, {"start": "00:25:39", "end": "00:25:45", "text": "or dystopia. But look AI is limited in a"}, {"start": "00:25:43", "end": "00:25:47", "text": "large sense to the intelligence found in"}, {"start": "00:25:45", "end": "00:25:49", "text": "its training data. And so you can uh"}, {"start": "00:25:47", "end": "00:25:54", "text": "train AI today we're training AI off of"}, {"start": "00:25:49", "end": "00:25:55", "text": "basically all written human work. uh"}, {"start": "00:25:54", "end": "00:25:57", "text": "we're close to that where we might be"}, {"start": "00:25:55", "end": "00:25:59", "text": "hitting that now maybe 2028 we will have"}, {"start": "00:25:57", "end": "00:26:01", "text": "trained off of basically all the books"}, {"start": "00:25:59", "end": "00:26:03", "text": "all the internet all the scientific"}, {"start": "00:26:01", "end": "00:26:06", "text": "articles and so on and AI can only"}, {"start": "00:26:03", "end": "00:26:08", "text": "really get as good in some sense as what"}, {"start": "00:26:06", "end": "00:26:10", "text": "exists there it's also limited by how"}, {"start": "00:26:08", "end": "00:26:13", "text": "much noise and error there is in the"}, {"start": "00:26:10", "end": "00:26:14", "text": "data so uh you crawl everything on the"}, {"start": "00:26:13", "end": "00:26:15", "text": "web you're going to find some stuff that"}, {"start": "00:26:14", "end": "00:26:18", "text": "is amazingly insightful you're going to"}, {"start": "00:26:15", "end": "00:26:20", "text": "find some stuff that's utterly crap the"}, {"start": "00:26:18", "end": "00:26:22", "text": "places where we see AI become truly"}, {"start": "00:26:20", "end": "00:26:25", "text": "super intelligent are these formal"}, {"start": "00:26:22", "end": "00:26:27", "text": "domains that we think about as highly"}, {"start": "00:26:25", "end": "00:26:31", "text": "verifiable, right? So, the first things"}, {"start": "00:26:27", "end": "00:26:32", "text": "that AI beat us at were games. Why was"}, {"start": "00:26:31", "end": "00:26:35", "text": "AI machine learning models able to get"}, {"start": "00:26:32", "end": "00:26:37", "text": "so good at chess or the game of Go?"}, {"start": "00:26:35", "end": "00:26:39", "text": "Well, you can play an infinite number of"}, {"start": "00:26:37", "end": "00:26:42", "text": "games against yourself. So, you have no"}, {"start": "00:26:39", "end": "00:26:45", "text": "limit on how much data you produce to"}, {"start": "00:26:42", "end": "00:26:48", "text": "train on. Uh, and two, you know, uh, in"}, {"start": "00:26:45", "end": "00:26:50", "text": "like with 100% reliability, this was the"}, {"start": "00:26:48", "end": "00:26:52", "text": "right answer, this was the wrong answer."}, {"start": "00:26:50", "end": "00:26:54", "text": "Did I win the game or lose the game?"}, {"start": "00:26:52", "end": "00:26:56", "text": "There are very very few domains like"}, {"start": "00:26:54", "end": "00:26:58", "text": "that. Domains that are like that formal"}, {"start": "00:26:56", "end": "00:27:00", "text": "math. So we're going to see AI like"}, {"start": "00:26:58", "end": "00:27:03", "text": "actually help the world's top"}, {"start": "00:27:00", "end": "00:27:05", "text": "mathematicians solve math problems and"}, {"start": "00:27:03", "end": "00:27:07", "text": "coding is kind of like that. Coding is a"}, {"start": "00:27:05", "end": "00:27:09", "text": "little bit more messy. Uh the"}, {"start": "00:27:07", "end": "00:27:13", "text": "requirements for coding are you know"}, {"start": "00:27:09", "end": "00:27:14", "text": "still uh spoken in in natural language"}, {"start": "00:27:13", "end": "00:27:16", "text": "but you can at least tell like did it"}, {"start": "00:27:14", "end": "00:27:19", "text": "compile, did it work, how fast did it"}, {"start": "00:27:16", "end": "00:27:22", "text": "run and so on. But other things like uh"}, {"start": "00:27:19", "end": "00:27:24", "text": "write me a novel or run my company or"}, {"start": "00:27:22", "end": "00:27:27", "text": "figure out the right foreign policy"}, {"start": "00:27:24", "end": "00:27:29", "text": "decisions for the US and Iran. Uh those"}, {"start": "00:27:27", "end": "00:27:32", "text": "are incredibly messy. You don't have a"}, {"start": "00:27:29", "end": "00:27:34", "text": "way to judge quickly in a million"}, {"start": "00:27:32", "end": "00:27:36", "text": "simulations. Did I get the right answer"}, {"start": "00:27:34", "end": "00:27:40", "text": "or the wrong answer? And so it's just"}, {"start": "00:27:36", "end": "00:27:42", "text": "much harder to produce this like totally"}, {"start": "00:27:40", "end": "00:27:44", "text": "formal, totally precise and nearly"}, {"start": "00:27:42", "end": "00:27:47", "text": "limitless amount of verified training"}, {"start": "00:27:44", "end": "00:27:50", "text": "data which is what makes AI truly uh"}, {"start": "00:27:47", "end": "00:27:52", "text": "superhuman. Makes uh makes sense. Now,"}, {"start": "00:27:50", "end": "00:27:54", "text": "how much of the narrow super"}, {"start": "00:27:52", "end": "00:27:56", "text": "intelligence is going to be based on uh"}, {"start": "00:27:54", "end": "00:27:58", "text": "specialized workflows and you know a lot"}, {"start": "00:27:56", "end": "00:28:01", "text": "of the like uh reinforcement learning"}, {"start": "00:27:58", "end": "00:28:03", "text": "that comes from experts inside of a"}, {"start": "00:28:01", "end": "00:28:04", "text": "specific industry or the feedback and"}, {"start": "00:28:03", "end": "00:28:06", "text": "and a lot of the stuff that we're"}, {"start": "00:28:04", "end": "00:28:07", "text": "starting to see now where I think"}, {"start": "00:28:06", "end": "00:28:09", "text": "there's two bets. There's like let's go"}, {"start": "00:28:07", "end": "00:28:10", "text": "build general purpose models and chase"}, {"start": "00:28:09", "end": "00:28:13", "text": "that general super intelligence and then"}, {"start": "00:28:10", "end": "00:28:15", "text": "these narrow super intelligence pursuits"}, {"start": "00:28:13", "end": "00:28:17", "text": "really to me feels like it's a bet just"}, {"start": "00:28:15", "end": "00:28:18", "text": "on specialized workflows with industry"}, {"start": "00:28:17", "end": "00:28:20", "text": "based knowledge or experts and that's"}, {"start": "00:28:18", "end": "00:28:22", "text": "kind of where it sounds like you believe"}, {"start": "00:28:20", "end": "00:28:23", "text": "the value is."}, {"start": "00:28:22", "end": "00:28:25", "text": ">> Great question. It's super insightful."}, {"start": "00:28:23", "end": "00:28:28", "text": "So up until a few years ago all of the"}, {"start": "00:28:25", "end": "00:28:30", "text": "work uh was just training on the"}, {"start": "00:28:28", "end": "00:28:33", "text": "internet and books and papers and so on."}, {"start": "00:28:30", "end": "00:28:36", "text": "uh but a lot of the gains are coming"}, {"start": "00:28:33", "end": "00:28:38", "text": "from synthetic data and reinforcement"}, {"start": "00:28:36", "end": "00:28:40", "text": "learning. Right? So pre-training is what"}, {"start": "00:28:38", "end": "00:28:42", "text": "consumes all of this massive amount of"}, {"start": "00:28:40", "end": "00:28:44", "text": "text and then we do uh even in"}, {"start": "00:28:42", "end": "00:28:47", "text": "pre-training we put in synthetic data."}, {"start": "00:28:44", "end": "00:28:49", "text": "Uh like a simple example is you find"}, {"start": "00:28:47", "end": "00:28:50", "text": "some code example in one language, you"}, {"start": "00:28:49", "end": "00:28:52", "text": "translate it into every other"}, {"start": "00:28:50", "end": "00:28:54", "text": "programming language that exists and you"}, {"start": "00:28:52", "end": "00:28:56", "text": "make that additional synthetic data that"}, {"start": "00:28:54", "end": "00:28:57", "text": "goes in or you solve a bunch of math"}, {"start": "00:28:56", "end": "00:28:59", "text": "problems and you know you can solve"}, {"start": "00:28:57", "end": "00:29:01", "text": "formally you train on that data and then"}, {"start": "00:28:59", "end": "00:29:05", "text": "reinforcement learning uh takes that"}, {"start": "00:29:01", "end": "00:29:07", "text": "further and so this domain a that is how"}, {"start": "00:29:05", "end": "00:29:09", "text": "we're getting a lot of the gains. We"}, {"start": "00:29:07", "end": "00:29:12", "text": "think it's secret sauce for all the labs"}, {"start": "00:29:09", "end": "00:29:15", "text": "but that's what the the the what we're"}, {"start": "00:29:12", "end": "00:29:17", "text": "figuring out from observing them. Uh and"}, {"start": "00:29:15", "end": "00:29:21", "text": "B generating that data is becoming"}, {"start": "00:29:17", "end": "00:29:24", "text": "itself a massive market. So we think the"}, {"start": "00:29:21", "end": "00:29:27", "text": "sort of uh specialist human data"}, {"start": "00:29:24", "end": "00:29:30", "text": "generation market is something like $10"}, {"start": "00:29:27", "end": "00:29:34", "text": "billion a year right now. You have"}, {"start": "00:29:30", "end": "00:29:36", "text": "companies out there uh like Merkor is"}, {"start": "00:29:34", "end": "00:29:39", "text": "one uh that are uh valued private"}, {"start": "00:29:36", "end": "00:29:43", "text": "startups at multiple billions of dollars"}, {"start": "00:29:39", "end": "00:29:45", "text": "who basically produce this data uh in"}, {"start": "00:29:43", "end": "00:29:48", "text": "the right manner with the right software"}, {"start": "00:29:45", "end": "00:29:50", "text": "and so on to help the labs or sometimes"}, {"start": "00:29:48", "end": "00:29:52", "text": "to help enterprises uh improve their AI"}, {"start": "00:29:50", "end": "00:29:55", "text": "models. And so I think you're going to"}, {"start": "00:29:52", "end": "00:29:58", "text": "see more and more and more of that. A"}, {"start": "00:29:55", "end": "00:30:00", "text": "related uh domain there, you see um"}, {"start": "00:29:58", "end": "00:30:03", "text": "leaders in AI have said things like AI"}, {"start": "00:30:00", "end": "00:30:05", "text": "will cure cancer, AI will double the"}, {"start": "00:30:03", "end": "00:30:06", "text": "human lifespan or whatnot. These are"}, {"start": "00:30:05", "end": "00:30:08", "text": "overblown expectations. It's not like"}, {"start": "00:30:06", "end": "00:30:11", "text": "that at all. But if you look at what's"}, {"start": "00:30:08", "end": "00:30:13", "text": "happening in AI and biology, again, AI"}, {"start": "00:30:11", "end": "00:30:16", "text": "is limited by the quality of its"}, {"start": "00:30:13", "end": "00:30:18", "text": "training data. And that data has to be"}, {"start": "00:30:16", "end": "00:30:21", "text": "experimentally derived if you're talking"}, {"start": "00:30:18", "end": "00:30:25", "text": "about curing disease. So you see AI"}, {"start": "00:30:21", "end": "00:30:28", "text": "companies partnering with or acquiring"}, {"start": "00:30:25", "end": "00:30:30", "text": "or licensing data from biotech companies"}, {"start": "00:30:28", "end": "00:30:34", "text": "that have platforms to do"}, {"start": "00:30:30", "end": "00:30:36", "text": "experimentation and get realworld data"}, {"start": "00:30:34", "end": "00:30:39", "text": "that can feed back into these AI models."}, {"start": "00:30:36", "end": "00:30:41", "text": "Data is the bottleneck on AI. Today's"}, {"start": "00:30:39", "end": "00:30:42", "text": "episode is brought to you by Simple"}, {"start": "00:30:41", "end": "00:30:44", "text": "Mining. Bitcoin mining has a reputation"}, {"start": "00:30:42", "end": "00:30:45", "text": "for being complicated, [music] risky,"}, {"start": "00:30:44", "end": "00:30:47", "text": "and hard to evaluate as a real"}, {"start": "00:30:45", "end": "00:30:50", "text": "investment. If you're considering mining"}, {"start": "00:30:47", "end": "00:30:52", "text": "in 2026, what actually matters isn't"}, {"start": "00:30:50", "end": "00:30:54", "text": "headline profitability. It's uptime,"}, {"start": "00:30:52", "end": "00:30:56", "text": "repairs, and whether the operation is"}, {"start": "00:30:54", "end": "00:30:57", "text": "run like a real business. That's why"}, {"start": "00:30:56", "end": "00:30:59", "text": "I've [music] been using Simple Mining."}, {"start": "00:30:57", "end": "00:31:01", "text": "They're based in Cedar Falls, Iowa, and"}, {"start": "00:30:59", "end": "00:31:03", "text": "they run a white glove hosting operation"}, {"start": "00:31:01", "end": "00:31:05", "text": "where you own your miners. You choose"}, {"start": "00:31:03", "end": "00:31:07", "text": "your own pool, and you have Bitcoin sent"}, {"start": "00:31:05", "end": "00:31:09", "text": "directly to your wallet. They were"}, {"start": "00:31:07", "end": "00:31:11", "text": "featured on the Inc. 5000 list as the"}, {"start": "00:31:09", "end": "00:31:13", "text": "fastest growing company in Iowa with"}, {"start": "00:31:11", "end": "00:31:14", "text": "over 40,000 machines under management."}, {"start": "00:31:13", "end": "00:31:16", "text": "[music] What stands out to me is"}, {"start": "00:31:14", "end": "00:31:18", "text": "execution. They have the number one"}, {"start": "00:31:16", "end": "00:31:21", "text": "rated ASIC repair center. And for the"}, {"start": "00:31:18", "end": "00:31:22", "text": "first 12 months, repairs are included."}, {"start": "00:31:21", "end": "00:31:24", "text": "If mining margins get tight, you can"}, {"start": "00:31:22", "end": "00:31:25", "text": "pause with [music] no penalties. And if"}, {"start": "00:31:24", "end": "00:31:27", "text": "you want to resize or upgrade your"}, {"start": "00:31:25", "end": "00:31:28", "text": "fleet, there's a marketplace to resell"}, {"start": "00:31:27", "end": "00:31:30", "text": "equipment [music] instead of being"}, {"start": "00:31:28", "end": "00:31:31", "text": "stuck. To help people think it through"}, {"start": "00:31:30", "end": "00:31:33", "text": "whether mining actually makes sense"}, {"start": "00:31:31", "end": "00:31:35", "text": "right now. They put together a short"}, {"start": "00:31:33", "end": "00:31:37", "text": "resource called [music] the 2026 Bitcoin"}, {"start": "00:31:35", "end": "00:31:38", "text": "mining blueprint. It walks through the"}, {"start": "00:31:37", "end": "00:31:40", "text": "five mistakes investors make when"}, {"start": "00:31:38", "end": "00:31:42", "text": "allocating to mining, and they also"}, {"start": "00:31:40", "end": "00:31:43", "text": "explain how to avoid [music] them before"}, {"start": "00:31:42", "end": "00:31:45", "text": "deploying capital. If it sounds"}, {"start": "00:31:43", "end": "00:31:48", "text": "interesting to you, you can get it for"}, {"start": "00:31:45", "end": "00:31:51", "text": "free at simplemining.io/p."}, {"start": "00:31:48", "end": "00:31:53", "text": "That's simplemining.io/p."}, {"start": "00:31:51", "end": "00:31:56", "text": "[music] Go check it out today and see if"}, {"start": "00:31:53", "end": "00:31:57", "text": "you should get into the mining game."}, {"start": "00:31:56", "end": "00:31:59", "text": "Today's episode is brought to you by"}, {"start": "00:31:57", "end": "00:32:01", "text": "Uphold. Are you someone who's tired of"}, {"start": "00:31:59", "end": "00:32:03", "text": "juggling multiple apps just to trade,"}, {"start": "00:32:01", "end": "00:32:05", "text": "earn, stake, or spend your crypto? Then"}, {"start": "00:32:03", "end": "00:32:08", "text": "listen up, because Uphold does all of"}, {"start": "00:32:05", "end": "00:32:10", "text": "that in one single unified platform. You"}, {"start": "00:32:08", "end": "00:32:12", "text": "can access 300 plus crypto and fiat"}, {"start": "00:32:10", "end": "00:32:14", "text": "currencies with an interface that works"}, {"start": "00:32:12", "end": "00:32:14", "text": "for you. Whether you're a beginner or an"}, {"start": "00:32:14", "end": "00:32:17", "text": "expert, [music]"}, {"start": "00:32:14", "end": "00:32:20", "text": "Uphold also features any to any swaps"}, {"start": "00:32:17", "end": "00:32:22", "text": "where you can swap crypto to fiat, fiat"}, {"start": "00:32:20", "end": "00:32:24", "text": "to metals, and tokens to tokens directly"}, {"start": "00:32:22", "end": "00:32:26", "text": "in the app. If you prefer self-custody,"}, {"start": "00:32:24", "end": "00:32:27", "text": "Uphold's vault gives you multi-sync"}, {"start": "00:32:26", "end": "00:32:30", "text": "security, key recovery, [music]"}, {"start": "00:32:27", "end": "00:32:32", "text": "direct trading access, and peace of mind"}, {"start": "00:32:30", "end": "00:32:34", "text": "without giving up convenience. Uphold is"}, {"start": "00:32:32", "end": "00:32:36", "text": "also 100% reserved, meaning no"}, {"start": "00:32:34", "end": "00:32:38", "text": "fractional practices, and proof of"}, {"start": "00:32:36", "end": "00:32:40", "text": "reserves are updated every 30 seconds,"}, {"start": "00:32:38", "end": "00:32:43", "text": "so you can verify your assets anytime."}, {"start": "00:32:40", "end": "00:32:45", "text": "For US users, you can even earn yield on"}, {"start": "00:32:43", "end": "00:32:47", "text": "dollars with a USD interest account. No"}, {"start": "00:32:45", "end": "00:32:50", "text": "fees, no minimums, and funds are insured"}, {"start": "00:32:47", "end": "00:32:53", "text": "up to $2.5 million through the Atomic"}, {"start": "00:32:50", "end": "00:32:54", "text": "Cash Suite program. If you want one app"}, {"start": "00:32:53", "end": "00:32:57", "text": "for your entire digital asset [music]"}, {"start": "00:32:54", "end": "00:33:01", "text": "life, check out Uphold today. Go to"}, {"start": "00:32:57", "end": "00:33:03", "text": "uphold.com to learn more. Uphold.com. Go"}, {"start": "00:33:01", "end": "00:33:04", "text": "check them out today. When we start"}, {"start": "00:33:03", "end": "00:33:06", "text": "thinking about this data, obviously"}, {"start": "00:33:04", "end": "00:33:08", "text": "there's a lot of companies. So maybe I"}, {"start": "00:33:06", "end": "00:33:10", "text": "can just give you very uh real examples"}, {"start": "00:33:08", "end": "00:33:11", "text": "that I've seen. Um let's take the media"}, {"start": "00:33:10", "end": "00:33:14", "text": "as an example. I have found it"}, {"start": "00:33:11", "end": "00:33:16", "text": "fascinating that there are many media"}, {"start": "00:33:14", "end": "00:33:18", "text": "companies across sports, business, uh"}, {"start": "00:33:16", "end": "00:33:20", "text": "pop culture, etc. that have been around"}, {"start": "00:33:18", "end": "00:33:22", "text": "for a really long time. And a lot of"}, {"start": "00:33:20", "end": "00:33:24", "text": "people don't know, but most of their"}, {"start": "00:33:22", "end": "00:33:26", "text": "archive is not digitized. It's just"}, {"start": "00:33:24", "end": "00:33:29", "text": "sitting in magazines or, you know, uh uh"}, {"start": "00:33:26", "end": "00:33:31", "text": "newspapers or whatever. And so again, if"}, {"start": "00:33:29", "end": "00:33:33", "text": "I was owning one of those businesses, I"}, {"start": "00:33:31", "end": "00:33:35", "text": "would immediately digitize all of my"}, {"start": "00:33:33", "end": "00:33:36", "text": "archive. And then I'm sure that there"}, {"start": "00:33:35", "end": "00:33:38", "text": "are people who would love to come and"}, {"start": "00:33:36", "end": "00:33:39", "text": "buy it because it's unique data that has"}, {"start": "00:33:38", "end": "00:33:42", "text": "you know real world application or"}, {"start": "00:33:39", "end": "00:33:44", "text": "whatever. That to me is like um data"}, {"start": "00:33:42", "end": "00:33:46", "text": "that already exists and it's more of an"}, {"start": "00:33:44", "end": "00:33:48", "text": "access problem. How did the labs get"}, {"start": "00:33:46", "end": "00:33:50", "text": "access to it? And once they get access"}, {"start": "00:33:48", "end": "00:33:51", "text": "to it then it may not be as valuable on"}, {"start": "00:33:50", "end": "00:33:52", "text": "the go forward basis because it's kind"}, {"start": "00:33:51", "end": "00:33:55", "text": "of a onetime thing."}, {"start": "00:33:52", "end": "00:33:58", "text": ">> That is very very different than let's"}, {"start": "00:33:55", "end": "00:34:01", "text": "say for example um I know of companies"}, {"start": "00:33:58", "end": "00:34:03", "text": "right now that are buying data as"}, {"start": "00:34:01", "end": "00:34:04", "text": "companies shut down. So, they go in and"}, {"start": "00:34:03", "end": "00:34:06", "text": "they say, \"Hey, I want to come and I"}, {"start": "00:34:04", "end": "00:34:09", "text": "want to buy all of your Slack messages"}, {"start": "00:34:06", "end": "00:34:11", "text": "and Google uh docs and just like how the"}, {"start": "00:34:09", "end": "00:34:13", "text": "company operates and I'm going to use"}, {"start": "00:34:11", "end": "00:34:15", "text": "that for trading.\" That to me is like"}, {"start": "00:34:13", "end": "00:34:17", "text": "current information, but again, it has"}, {"start": "00:34:15", "end": "00:34:19", "text": "some end life because there's no more"}, {"start": "00:34:17", "end": "00:34:19", "text": "data being generated."}, {"start": "00:34:19", "end": "00:34:22", "text": ">> Yeah."}, {"start": "00:34:19", "end": "00:34:23", "text": ">> Then the third step is like you or I, I"}, {"start": "00:34:22", "end": "00:34:26", "text": "don't know, let's say that uh we're a"}, {"start": "00:34:23", "end": "00:34:29", "text": "doctor and I'm just going to stream data"}, {"start": "00:34:26", "end": "00:34:30", "text": "on a daily basis to some model lab."}, {"start": "00:34:29", "end": "00:34:32", "text": "Whether that is me writing stuff"}, {"start": "00:34:30", "end": "00:34:34", "text": "intentionally, whether it's me somehow"}, {"start": "00:34:32", "end": "00:34:36", "text": "recording it through, you know, cameras"}, {"start": "00:34:34", "end": "00:34:38", "text": "inside of my office, but there's some"}, {"start": "00:34:36", "end": "00:34:41", "text": "like ongoing data. That third bucket to"}, {"start": "00:34:38", "end": "00:34:42", "text": "me feels like it is the most valuable"}, {"start": "00:34:41", "end": "00:34:44", "text": "going forward, but the most"}, {"start": "00:34:42", "end": "00:34:46", "text": "underexplored. Is that how you view kind"}, {"start": "00:34:44", "end": "00:34:47", "text": "of this data bottleneck and like where"}, {"start": "00:34:46", "end": "00:34:48", "text": "some of this is going to get solved?"}, {"start": "00:34:47", "end": "00:34:50", "text": ">> Yeah, it's really interesting. So I"}, {"start": "00:34:48", "end": "00:34:53", "text": "think uh to your first example I'm"}, {"start": "00:34:50", "end": "00:34:56", "text": "reminded of uh Andre Karpathy uh you"}, {"start": "00:34:53", "end": "00:34:58", "text": "know one of the open AI co-founders uh"}, {"start": "00:34:56", "end": "00:35:00", "text": "led AI Tesla now at anthropic talks"}, {"start": "00:34:58", "end": "00:35:03", "text": "about fossil data that we want to we"}, {"start": "00:35:00", "end": "00:35:05", "text": "mind all of this fossil data like we"}, {"start": "00:35:03", "end": "00:35:07", "text": "mind fossil fuels but now we have to"}, {"start": "00:35:05", "end": "00:35:09", "text": "move into a new domain of generating new"}, {"start": "00:35:07", "end": "00:35:11", "text": "data you know I think this data like"}, {"start": "00:35:09", "end": "00:35:13", "text": "ongoing data of how a business operates"}, {"start": "00:35:11", "end": "00:35:16", "text": "and so on I think is super interesting."}, {"start": "00:35:13", "end": "00:35:18", "text": "I think again the more structured and"}, {"start": "00:35:16", "end": "00:35:21", "text": "more formal it is uh the more precise it"}, {"start": "00:35:18", "end": "00:35:24", "text": "is the higher value it is. Uh the thing"}, {"start": "00:35:21", "end": "00:35:27", "text": "that everyone is looking for is"}, {"start": "00:35:24", "end": "00:35:30", "text": "proprietary data advantage. What do I"}, {"start": "00:35:27", "end": "00:35:33", "text": "have access to that no one else has"}, {"start": "00:35:30", "end": "00:35:35", "text": "access to? And it might be that the only"}, {"start": "00:35:33", "end": "00:35:37", "text": "way to actually generate proprietary"}, {"start": "00:35:35", "end": "00:35:40", "text": "data advantage is to be generating that"}, {"start": "00:35:37", "end": "00:35:43", "text": "data yourself. So again like biotech"}, {"start": "00:35:40", "end": "00:35:44", "text": "being a clear example uh the interesting"}, {"start": "00:35:43", "end": "00:35:46", "text": "companies in biotech that are being"}, {"start": "00:35:44", "end": "00:35:49", "text": "founded and funded right now are trying"}, {"start": "00:35:46", "end": "00:35:51", "text": "to figure out how do they speed up that"}, {"start": "00:35:49", "end": "00:35:54", "text": "loop. You look at a company uh like New"}, {"start": "00:35:51", "end": "00:35:56", "text": "Limit uh founded by Brian Armstrong uh"}, {"start": "00:35:54", "end": "00:35:58", "text": "of of Coinbase working on some"}, {"start": "00:35:56", "end": "00:36:00", "text": "incredible stuff in cellular"}, {"start": "00:35:58", "end": "00:36:04", "text": "reprogramming and longevity. uh they"}, {"start": "00:36:00", "end": "00:36:06", "text": "have an amazing in-house data pipeline"}, {"start": "00:36:04", "end": "00:36:09", "text": "where they do high-speed experimentation"}, {"start": "00:36:06", "end": "00:36:12", "text": "on cells, capture that data, use that"}, {"start": "00:36:09", "end": "00:36:13", "text": "data to improve their AI models, which"}, {"start": "00:36:12", "end": "00:36:15", "text": "then hopefully allows them to do smarter"}, {"start": "00:36:13", "end": "00:36:18", "text": "experimentation going forward. So that"}, {"start": "00:36:15", "end": "00:36:20", "text": "sort of feedback loop or virtuous cycle,"}, {"start": "00:36:18", "end": "00:36:24", "text": "that's the real sustainable competitive"}, {"start": "00:36:20", "end": "00:36:25", "text": "advantage. Uh and it's it's not common."}, {"start": "00:36:24", "end": "00:36:28", "text": "You know, we look at AI, there's a lot"}, {"start": "00:36:25", "end": "00:36:30", "text": "of fear of uh sort of AI monopolies, AI"}, {"start": "00:36:28", "end": "00:36:33", "text": "conservation of power, but the reality"}, {"start": "00:36:30", "end": "00:36:35", "text": "is in the AI market overall, there are"}, {"start": "00:36:33", "end": "00:36:38", "text": "no obvious network effects. There's no"}, {"start": "00:36:35", "end": "00:36:40", "text": "effect like Facebook. Uh so it's just"}, {"start": "00:36:38", "end": "00:36:43", "text": "hyper competitive and the value occurs"}, {"start": "00:36:40", "end": "00:36:45", "text": "to us the users today."}, {"start": "00:36:43", "end": "00:36:47", "text": ">> I do wonder um you know if we kind of"}, {"start": "00:36:45", "end": "00:36:48", "text": "take this a step further when you go and"}, {"start": "00:36:47", "end": "00:36:50", "text": "you look at the model. So there's two"}, {"start": "00:36:48", "end": "00:36:52", "text": "heruristics that I've uh been looking"}, {"start": "00:36:50", "end": "00:36:53", "text": "at. The first is inside of these"}, {"start": "00:36:52", "end": "00:36:55", "text": "companies and we have this uh uh"}, {"start": "00:36:53", "end": "00:36:58", "text": "business CFO Sylvia. It's like an AI"}, {"start": "00:36:55", "end": "00:37:00", "text": "CFO. And so uh one of the challenges"}, {"start": "00:36:58", "end": "00:37:02", "text": "with the business is that all model"}, {"start": "00:37:00", "end": "00:37:04", "text": "usage is userenerated. Meaning that you"}, {"start": "00:37:02", "end": "00:37:07", "text": "essentially have uncapped exposure to"}, {"start": "00:37:04", "end": "00:37:08", "text": "token price, right? Or a compute cost"}, {"start": "00:37:07", "end": "00:37:10", "text": "because as long as people are banging on"}, {"start": "00:37:08", "end": "00:37:12", "text": "that thing, you're paying for it. What"}, {"start": "00:37:10", "end": "00:37:15", "text": "we started to realize was we were very"}, {"start": "00:37:12", "end": "00:37:16", "text": "underoptimized when it came to when do"}, {"start": "00:37:15", "end": "00:37:19", "text": "we hit the model, how do we hit the"}, {"start": "00:37:16", "end": "00:37:21", "text": "model, etc. And I think that the end of"}, {"start": "00:37:19", "end": "00:37:22", "text": "Q1 or so we started paying attention to"}, {"start": "00:37:21", "end": "00:37:23", "text": "this. I started talking to a lot of"}, {"start": "00:37:22", "end": "00:37:25", "text": "friends who were CEOs of companies. They"}, {"start": "00:37:23", "end": "00:37:27", "text": "all started being like, \"Hey, we got to"}, {"start": "00:37:25", "end": "00:37:29", "text": "get more efficient at our token usage."}, {"start": "00:37:27", "end": "00:37:31", "text": "We want the same output with lower token"}, {"start": "00:37:29", "end": "00:37:33", "text": "cost.\" I think that's pretty much now"}, {"start": "00:37:31", "end": "00:37:35", "text": "well understood like that is underway"}, {"start": "00:37:33", "end": "00:37:37", "text": "and is happening. But now what I see the"}, {"start": "00:37:35", "end": "00:37:39", "text": "conversation shifting to is okay well"}, {"start": "00:37:37", "end": "00:37:41", "text": "you have open source that is starting to"}, {"start": "00:37:39", "end": "00:37:44", "text": "become very popular. A lot of it's"}, {"start": "00:37:41", "end": "00:37:47", "text": "coming from China. So, what I see the"}, {"start": "00:37:44", "end": "00:37:49", "text": "public narrative being is closed sourced"}, {"start": "00:37:47", "end": "00:37:51", "text": "American models versus open- source"}, {"start": "00:37:49", "end": "00:37:53", "text": "Chinese models. What I don't hear a lot"}, {"start": "00:37:51", "end": "00:37:55", "text": "of people talking about is what about"}, {"start": "00:37:53", "end": "00:37:57", "text": "open- source American models? That to me"}, {"start": "00:37:55", "end": "00:37:59", "text": "feels like that is going to be a massive"}, {"start": "00:37:57", "end": "00:38:01", "text": "part of the market, but it just seems"}, {"start": "00:37:59", "end": "00:38:03", "text": "like we haven't really seen the the"}, {"start": "00:38:01", "end": "00:38:04", "text": "narrative take hold there yet. Why is"}, {"start": "00:38:03", "end": "00:38:06", "text": "that?"}, {"start": "00:38:04", "end": "00:38:07", "text": ">> Well, I think the the benefit of openw"}, {"start": "00:38:06", "end": "00:38:09", "text": "weight and most of these models are not"}, {"start": "00:38:07", "end": "00:38:10", "text": "fully open source. You can't get the"}, {"start": "00:38:09", "end": "00:38:11", "text": "source code. You don't know the"}, {"start": "00:38:10", "end": "00:38:13", "text": "training, but you have open weight. You"}, {"start": "00:38:11", "end": "00:38:14", "text": "can download the weights, you can tweak"}, {"start": "00:38:13", "end": "00:38:17", "text": "them, you can run them where you want"}, {"start": "00:38:14", "end": "00:38:19", "text": "to. Uh that benefits the fast follower"}, {"start": "00:38:17", "end": "00:38:22", "text": "the most. If you believe that you are in"}, {"start": "00:38:19", "end": "00:38:24", "text": "the lead, then releasing uh your model"}, {"start": "00:38:22", "end": "00:38:26", "text": "in a way that people can use freely or"}, {"start": "00:38:24", "end": "00:38:28", "text": "tweak themselves is just sabotaging your"}, {"start": "00:38:26", "end": "00:38:30", "text": "own margins. But if you think that"}, {"start": "00:38:28", "end": "00:38:34", "text": "you're not in the lead, releasing your"}, {"start": "00:38:30", "end": "00:38:36", "text": "model in an open way uh can give you,"}, {"start": "00:38:34", "end": "00:38:39", "text": "you know, a big publicity boost. And it"}, {"start": "00:38:36", "end": "00:38:41", "text": "can also it can help you uh you know get"}, {"start": "00:38:39", "end": "00:38:42", "text": "enterprise sales enterprise contracts to"}, {"start": "00:38:41", "end": "00:38:44", "text": "implement this stuff to tweak the model"}, {"start": "00:38:42", "end": "00:38:46", "text": "for enterprise use. That's how a lot of"}, {"start": "00:38:44", "end": "00:38:49", "text": "the Chinese companies are are making"}, {"start": "00:38:46", "end": "00:38:51", "text": "money. Uh so I think it'll generally be"}, {"start": "00:38:49", "end": "00:38:53", "text": "that way. But that said there are a"}, {"start": "00:38:51", "end": "00:38:56", "text": "couple uh places that openweight models"}, {"start": "00:38:53", "end": "00:38:58", "text": "come out uh from the US. One is uh"}, {"start": "00:38:56", "end": "00:39:00", "text": "Google Gemini puts out their their GMA"}, {"start": "00:38:58", "end": "00:39:01", "text": "or Gemma models which are actually"}, {"start": "00:39:00", "end": "00:39:04", "text": "really pretty good. And the other is"}, {"start": "00:39:01", "end": "00:39:06", "text": "that Nvidia puts out Nematron because"}, {"start": "00:39:04", "end": "00:39:09", "text": "Nvidia wants to sell compute. So to"}, {"start": "00:39:06", "end": "00:39:11", "text": "Nvidia uh it's actually quite important"}, {"start": "00:39:09", "end": "00:39:13", "text": "to have uh open rate models and they"}, {"start": "00:39:11", "end": "00:39:15", "text": "don't just put out open weight, they put"}, {"start": "00:39:13", "end": "00:39:17", "text": "out the recipe, here's the training"}, {"start": "00:39:15", "end": "00:39:18", "text": "data, here's how we trained it, here's"}, {"start": "00:39:17", "end": "00:39:20", "text": "what we trained it on, here's the post-"}, {"start": "00:39:18", "end": "00:39:23", "text": "training we did and so on. So that's the"}, {"start": "00:39:20", "end": "00:39:25", "text": "closest to open source that we have"}, {"start": "00:39:23", "end": "00:39:27", "text": "possibly. So, you know, there's some"}, {"start": "00:39:25", "end": "00:39:29", "text": "rumblings right now that China might"}, {"start": "00:39:27", "end": "00:39:33", "text": "start restricting the release of"}, {"start": "00:39:29", "end": "00:39:35", "text": "Frontier AI in response perhaps to or"}, {"start": "00:39:33", "end": "00:39:37", "text": "maybe for just similar reasons to why"}, {"start": "00:39:35", "end": "00:39:40", "text": "the White House uh you know took some"}, {"start": "00:39:37", "end": "00:39:44", "text": "steps to slow down the release of recent"}, {"start": "00:39:40", "end": "00:39:47", "text": "models from anthropic and uh open AI and"}, {"start": "00:39:44", "end": "00:39:49", "text": "so uh Nvidia is I'm very glad they're"}, {"start": "00:39:47", "end": "00:39:52", "text": "out there with openweight and close to"}, {"start": "00:39:49", "end": "00:39:54", "text": "open source models themselves. Yeah, it"}, {"start": "00:39:52", "end": "00:39:56", "text": "does feel like that's a a very big piece"}, {"start": "00:39:54", "end": "00:39:59", "text": "of it. Now, the second thing that I'm"}, {"start": "00:39:56", "end": "00:40:00", "text": "starting to see is um it sounds like"}, {"start": "00:39:59", "end": "00:40:03", "text": "people are starting to build model"}, {"start": "00:40:00", "end": "00:40:05", "text": "routing as well. And this is becoming"}, {"start": "00:40:03", "end": "00:40:07", "text": "much more popular where um even at uh uh"}, {"start": "00:40:05", "end": "00:40:09", "text": "Sylvia, we're starting to work on okay,"}, {"start": "00:40:07", "end": "00:40:11", "text": "well, if you get a query,"}, {"start": "00:40:09", "end": "00:40:13", "text": ">> should it go to the highest powered,"}, {"start": "00:40:11", "end": "00:40:15", "text": "most valuable, you know, kind of highest"}, {"start": "00:40:13", "end": "00:40:18", "text": "cost model or should it be routed to"}, {"start": "00:40:15", "end": "00:40:19", "text": "something that is cheaper, faster, etc."}, {"start": "00:40:18", "end": "00:40:20", "text": "There doesn't seem to be a lot of"}, {"start": "00:40:19", "end": "00:40:21", "text": "companies yet that have built these"}, {"start": "00:40:20", "end": "00:40:23", "text": "solutions. Almost everything I'm seeing"}, {"start": "00:40:21", "end": "00:40:24", "text": "is customuilt, but I got to imagine"}, {"start": "00:40:23", "end": "00:40:26", "text": "someone's going to step into the market"}, {"start": "00:40:24", "end": "00:40:27", "text": "and say, \"Hey, we can help you do this"}, {"start": "00:40:26", "end": "00:40:29", "text": "in a much, you know, kind of easier,"}, {"start": "00:40:27", "end": "00:40:31", "text": "more efficient manner, right?\""}, {"start": "00:40:29", "end": "00:40:32", "text": ">> There are some startups working on this."}, {"start": "00:40:31", "end": "00:40:34", "text": "It's pretty exciting. I'm not sure if I"}, {"start": "00:40:32", "end": "00:40:36", "text": "can talk about them yet. Uh, it's a it's"}, {"start": "00:40:34", "end": "00:40:38", "text": "a very interesting space. And they find"}, {"start": "00:40:36", "end": "00:40:40", "text": "not only that they can they save you"}, {"start": "00:40:38", "end": "00:40:42", "text": "money on tokens, but by being really"}, {"start": "00:40:40", "end": "00:40:45", "text": "smart, they can sometimes get results"}, {"start": "00:40:42", "end": "00:40:48", "text": "that are better than any single frontier"}, {"start": "00:40:45", "end": "00:40:50", "text": "model on its own if they just know uh"}, {"start": "00:40:48", "end": "00:40:51", "text": "when to ping which model. or sometimes"}, {"start": "00:40:50", "end": "00:40:53", "text": "the hardest questions they'll ask"}, {"start": "00:40:51", "end": "00:40:55", "text": "multiple models and try to interpolate"}, {"start": "00:40:53", "end": "00:40:57", "text": "their answers. So I think there's an"}, {"start": "00:40:55", "end": "00:40:59", "text": "enormous opportunity there. At the same"}, {"start": "00:40:57", "end": "00:41:02", "text": "time model routing is famously hard. I"}, {"start": "00:40:59", "end": "00:41:05", "text": "don't know if you recall like uh chat"}, {"start": "00:41:02", "end": "00:41:08", "text": "GPT uh around you know sometime after 40"}, {"start": "00:41:05", "end": "00:41:11", "text": "uh took away the model picker and just"}, {"start": "00:41:08", "end": "00:41:13", "text": "did automatic routing of people's uh"}, {"start": "00:41:11", "end": "00:41:16", "text": "chats to different models and it was a"}, {"start": "00:41:13", "end": "00:41:18", "text": "nightmare. Nobody liked it. Uh so you"}, {"start": "00:41:16", "end": "00:41:21", "text": "have to have some degree of explicit"}, {"start": "00:41:18", "end": "00:41:23", "text": "control uh and some transparency for the"}, {"start": "00:41:21", "end": "00:41:25", "text": "user of what's happening while also"}, {"start": "00:41:23", "end": "00:41:27", "text": "being smart in this way. And I will say,"}, {"start": "00:41:25", "end": "00:41:30", "text": "you know, a couple interesting people uh"}, {"start": "00:41:27", "end": "00:41:32", "text": "for your uh followers to to read online."}, {"start": "00:41:30", "end": "00:41:34", "text": "Brian Armstrong recently posted about"}, {"start": "00:41:32", "end": "00:41:36", "text": "what they're doing at Coinbase in this"}, {"start": "00:41:34", "end": "00:41:38", "text": "way. Uh Aaron Levy of Box has lots of"}, {"start": "00:41:36", "end": "00:41:40", "text": "smart things to say about real world"}, {"start": "00:41:38", "end": "00:41:43", "text": "usage uh in these cases of using"}, {"start": "00:41:40", "end": "00:41:46", "text": "multiple models. Um, and then, uh, Jack"}, {"start": "00:41:43", "end": "00:41:49", "text": "Dorsey, uh, has just done some, uh, some"}, {"start": "00:41:46", "end": "00:41:51", "text": "more radical stuff really at, uh, at"}, {"start": "00:41:49", "end": "00:41:53", "text": "Square Block in terms of how they're"}, {"start": "00:41:51", "end": "00:41:55", "text": "using AI."}, {"start": "00:41:53", "end": "00:41:57", "text": ">> Makes uh, makes sense. Uh, Mess, what's"}, {"start": "00:41:55", "end": "00:41:59", "text": "your mission? Like, like what are you"}, {"start": "00:41:57", "end": "00:42:00", "text": "kind of going after here?"}, {"start": "00:41:59", "end": "00:42:02", "text": ">> I want to make the world a better place."}, {"start": "00:42:00", "end": "00:42:04", "text": "And, you know, you see the solar and and"}, {"start": "00:42:02", "end": "00:42:06", "text": "wind behind me. I've been a clean energy"}, {"start": "00:42:04", "end": "00:42:09", "text": "guy for a long time. My roots are uh"}, {"start": "00:42:06", "end": "00:42:11", "text": "software and AI I think is the most"}, {"start": "00:42:09", "end": "00:42:14", "text": "important transition we're we have"}, {"start": "00:42:11", "end": "00:42:17", "text": "happening right now. And to me the most"}, {"start": "00:42:14", "end": "00:42:20", "text": "important conversation in AI is making"}, {"start": "00:42:17", "end": "00:42:22", "text": "sure that AI stays democratized uh and"}, {"start": "00:42:20", "end": "00:42:25", "text": "not centralized and that we all have"}, {"start": "00:42:22", "end": "00:42:27", "text": "access to frontier intelligence and that"}, {"start": "00:42:25", "end": "00:42:30", "text": "no one company has a monopoly or lock on"}, {"start": "00:42:27", "end": "00:42:33", "text": "it. And uh that's my my current"}, {"start": "00:42:30", "end": "00:42:36", "text": "obsession in the world of AI. Yeah, it's"}, {"start": "00:42:33", "end": "00:42:38", "text": "um it's pretty interesting I think how"}, {"start": "00:42:36", "end": "00:42:40", "text": "somebody who comes from the clean energy"}, {"start": "00:42:38", "end": "00:42:42", "text": "space and now it's like hey where is"}, {"start": "00:42:40", "end": "00:42:45", "text": "super intelligence and and the full"}, {"start": "00:42:42", "end": "00:42:48", "text": "stack understanding to allocate capital"}, {"start": "00:42:45", "end": "00:42:51", "text": "um is uh it's becoming harder but it's"}, {"start": "00:42:48", "end": "00:42:53", "text": "also becoming uh kind of much more"}, {"start": "00:42:51", "end": "00:42:55", "text": "asymmetric in the returns right you know"}, {"start": "00:42:53", "end": "00:42:58", "text": "I was talking to a friend yesterday and"}, {"start": "00:42:55", "end": "00:43:01", "text": "Anthropic is what four or five years old"}, {"start": "00:42:58", "end": "00:43:03", "text": ">> and it's a trillion dollar company if"}, {"start": "00:43:01", "end": "00:43:04", "text": "you had told somebody in 2010, you know,"}, {"start": "00:43:03", "end": "00:43:06", "text": "that people are going to build a"}, {"start": "00:43:04", "end": "00:43:07", "text": "trillion dollar company in 5 years, they"}, {"start": "00:43:06", "end": "00:43:10", "text": "wouldn't even believe that companies"}, {"start": "00:43:07", "end": "00:43:13", "text": "could be a trillion dollars, right?"}, {"start": "00:43:10", "end": "00:43:15", "text": "Fastest revenue growth of any company uh"}, {"start": "00:43:13", "end": "00:43:16", "text": "ever in history, right? It's not just a"}, {"start": "00:43:15", "end": "00:43:18", "text": "speculative valuation. There is"}, {"start": "00:43:16", "end": "00:43:22", "text": "speculation, but it is the revenue"}, {"start": "00:43:18", "end": "00:43:23", "text": "growth is just uh off the chain."}, {"start": "00:43:22", "end": "00:43:24", "text": ">> Yeah, it's pretty uh pretty crazy. All"}, {"start": "00:43:23", "end": "00:43:25", "text": "right, where can we send people to find"}, {"start": "00:43:24", "end": "00:43:27", "text": "you on the internet?"}, {"start": "00:43:25", "end": "00:43:30", "text": ">> Uh planetary.vc"}, {"start": "00:43:27", "end": "00:43:32", "text": "or Romez on Twitter."}, {"start": "00:43:30", "end": "00:43:33", "text": ">> Amazing. All right, Romez, thank you so"}, {"start": "00:43:32", "end": "00:43:36", "text": "much for doing this. We'll do it again"}, {"start": "00:43:33", "end": "00:43:36", "text": "in the future. Thank you, Pomp."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Go look at any part of the AI market."}, {"start": "00:00:01", "end": "00:00:06", "text": "There is a significant demand compared"}, {"start": "00:00:04", "end": "00:00:07", "text": "with a constrained supply. So, you have"}, {"start": "00:00:06", "end": "00:00:10", "text": "demand outstripping supply. There you"}, {"start": "00:00:07", "end": "00:00:11", "text": "can't have a bubble if there is so much"}, {"start": "00:00:10", "end": "00:00:12", "text": "more demand than there is supply. The"}, {"start": "00:00:11", "end": "00:00:14", "text": "only way you get a bubble and the"}, {"start": "00:00:12", "end": "00:00:16", "text": "popping of a bubble is when supply"}, {"start": "00:00:14", "end": "00:00:17", "text": "catches up. And so, everyone is"}, {"start": "00:00:16", "end": "00:00:18", "text": "investing very aggressively to try"}, {"start": "00:00:17", "end": "00:00:20", "text": "[music] to catch up to the demand. At"}, {"start": "00:00:18", "end": "00:00:22", "text": "some point that will flip, but right"}, {"start": "00:00:20", "end": "00:00:24", "text": "now, I mean, show me one part of the AI"}, {"start": "00:00:22", "end": "00:00:25", "text": "trade where supply outstrips demand."}, {"start": "00:00:24", "end": "00:00:27", "text": "There's nowhere. It's the exact"}, {"start": "00:00:25", "end": "00:00:29", "text": "opposite. Demand is exponentially"}, {"start": "00:00:27", "end": "00:00:31", "text": "increasing and you've got people who are"}, {"start": "00:00:29", "end": "00:00:33", "text": "like, \"We can't find hardware. We can't"}, {"start": "00:00:31", "end": "00:00:34", "text": "find power. We can't find, you know, all"}, {"start": "00:00:33", "end": "00:00:35", "text": "these constraints in [music] the"}, {"start": "00:00:34", "end": "00:00:37", "text": "physical world.\" Money doesn't solve"}, {"start": "00:00:35", "end": "00:00:40", "text": "that. You you still got to go build this"}, {"start": "00:00:37", "end": "00:00:40", "text": "stuff and it takes time."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "there was real concern that AI was going"}, {"start": "00:00:02", "end": "00:00:05", "text": "to take over the the labor labor force"}, {"start": "00:00:04", "end": "00:00:07", "text": "and we were going to get a big rise in"}, {"start": "00:00:05", "end": "00:00:08", "text": "the unemployment rate and it didn't pan"}, {"start": "00:00:07", "end": "00:00:10", "text": "out that way and I don't think it"}, {"start": "00:00:08", "end": "00:00:12", "text": "necessarily will. I think the way it"}, {"start": "00:00:10", "end": "00:00:15", "text": "will pan out is people will gradually"}, {"start": "00:00:12", "end": "00:00:17", "text": "become more productive. Perhaps some job"}, {"start": "00:00:15", "end": "00:00:18", "text": "openings won't get filled because you"}, {"start": "00:00:17", "end": "00:00:21", "text": "know they realize AI can maybe do some"}, {"start": "00:00:18", "end": "00:00:22", "text": "of that work and then new jobs will be"}, {"start": "00:00:21", "end": "00:00:25", "text": "created as a result and it will just"}, {"start": "00:00:22", "end": "00:00:27", "text": "result in overall a better better"}, {"start": "00:00:25", "end": "00:00:30", "text": "economy better labor force one where"}, {"start": "00:00:27", "end": "00:00:31", "text": "it's more productive unit labor costs"}, {"start": "00:00:30", "end": "00:00:33", "text": "come down or sort of the the cost"}, {"start": "00:00:31", "end": "00:00:35", "text": "associated with production and that's"}, {"start": "00:00:33", "end": "00:00:36", "text": "where you get you know further"}, {"start": "00:00:35", "end": "00:00:37", "text": "disinflationary trends."}, {"start": "00:00:36", "end": "00:00:39", "text": ">> What's going on guys? Today we got a"}, {"start": "00:00:37", "end": "00:00:40", "text": "great conversation with Stephanie Roth."}, {"start": "00:00:39", "end": "00:00:42", "text": "She's the chief economist at Wolf"}, {"start": "00:00:40", "end": "00:00:44", "text": "Research. And we dig into what is the"}, {"start": "00:00:42", "end": "00:00:46", "text": "impact on inflation coming from AI?"}, {"start": "00:00:44", "end": "00:00:47", "text": "What's happening with the IPO wave? And"}, {"start": "00:00:46", "end": "00:00:48", "text": "we get into a little bit of a debate."}, {"start": "00:00:47", "end": "00:00:50", "text": "Are we going to see higher inflation,"}, {"start": "00:00:48", "end": "00:00:51", "text": "lower inflation? What's going on at the"}, {"start": "00:00:50", "end": "00:00:52", "text": "Fed? Is Kevin Worsh going to tell us"}, {"start": "00:00:51", "end": "00:00:54", "text": "what's going to happen in the future or"}, {"start": "00:00:52", "end": "00:00:55", "text": "not? There's a lot of nuance in this"}, {"start": "00:00:54", "end": "00:00:57", "text": "conversation that I think is really"}, {"start": "00:00:55", "end": "00:00:58", "text": "going to strike a lot of you, help you"}, {"start": "00:00:57", "end": "00:01:00", "text": "better understand what's happening in"}, {"start": "00:00:58", "end": "00:01:01", "text": "your life when it comes to spending, but"}, {"start": "00:01:00", "end": "00:01:03", "text": "also what's going on in your investment"}, {"start": "00:01:01", "end": "00:01:04", "text": "portfolio. Here's my conversation with"}, {"start": "00:01:03", "end": "00:01:05", "text": "Stephanie Roth. All right, Stephanie,"}, {"start": "00:01:04", "end": "00:01:06", "text": "let's start with talking about"}, {"start": "00:01:05", "end": "00:01:08", "text": "inflation. And I think everyone thought"}, {"start": "00:01:06", "end": "00:01:09", "text": "inflation was going to go skyhigh."}, {"start": "00:01:08", "end": "00:01:12", "text": "Everyone was worried about energy"}, {"start": "00:01:09", "end": "00:01:13", "text": "prices, the Iran war and a bunch of"}, {"start": "00:01:12", "end": "00:01:15", "text": "other things. But now we look and the at"}, {"start": "00:01:13", "end": "00:01:16", "text": "least the official numbers are turning"}, {"start": "00:01:15", "end": "00:01:18", "text": "over and starting to come down. Looks"}, {"start": "00:01:16", "end": "00:01:18", "text": "like inflation may have peaked. What was"}, {"start": "00:01:18", "end": "00:01:19", "text": "your take?"}, {"start": "00:01:18", "end": "00:01:21", "text": ">> Yeah, our thought is that inflation was"}, {"start": "00:01:19", "end": "00:01:22", "text": "going to peak around this time of year."}, {"start": "00:01:21", "end": "00:01:24", "text": "Then you're going to have a bit of a"}, {"start": "00:01:22", "end": "00:01:26", "text": "slowdown in the summer. A couple of"}, {"start": "00:01:24", "end": "00:01:28", "text": "things happening. Tariff related"}, {"start": "00:01:26", "end": "00:01:30", "text": "inflation's coming down. The AI related"}, {"start": "00:01:28", "end": "00:01:32", "text": "inflation will probably start to cool."}, {"start": "00:01:30", "end": "00:01:33", "text": "And then even if gasoline prices, you"}, {"start": "00:01:32", "end": "00:01:35", "text": "know, pick up a little bit from here,"}, {"start": "00:01:33", "end": "00:01:37", "text": "the Iran war related inflation is also"}, {"start": "00:01:35", "end": "00:01:39", "text": "going to cool too. So today's CPI data"}, {"start": "00:01:37", "end": "00:01:41", "text": "came in much softer than anyone"}, {"start": "00:01:39", "end": "00:01:44", "text": "expected. It came in at flat. Forecasts"}, {"start": "00:01:41", "end": "00:01:46", "text": "were all looking for2 or above. The Fed"}, {"start": "00:01:44", "end": "00:01:47", "text": "was getting ready to potentially hike in"}, {"start": "00:01:46", "end": "00:01:49", "text": "July as a result and that's nearly off"}, {"start": "00:01:47", "end": "00:01:51", "text": "the table. So the the picture looks a"}, {"start": "00:01:49", "end": "00:01:52", "text": "lot better than where it's been. It's"}, {"start": "00:01:51", "end": "00:01:53", "text": "not good, but it's looking a lot better"}, {"start": "00:01:52", "end": "00:01:54", "text": "than where it's been."}, {"start": "00:01:53", "end": "00:01:55", "text": ">> So let's take each one of these. Do you"}, {"start": "00:01:54", "end": "00:01:57", "text": "think that there was tariff related"}, {"start": "00:01:55", "end": "00:01:58", "text": "inflation? Some of the belief that"}, {"start": "00:01:57", "end": "00:02:00", "text": "tariffs were not inflationary at all."}, {"start": "00:01:58", "end": "00:02:02", "text": "They're actually deflationary."}, {"start": "00:02:00", "end": "00:02:03", "text": "the it shows up in the data. If you look"}, {"start": "00:02:02", "end": "00:02:05", "text": "at core goods, they were running, you"}, {"start": "00:02:03", "end": "00:02:06", "text": "know, over 2% year-over-year. Typically,"}, {"start": "00:02:05", "end": "00:02:08", "text": "we have core goods deflation,"}, {"start": "00:02:06", "end": "00:02:11", "text": "disinflation. So, we measure that it was"}, {"start": "00:02:08", "end": "00:02:13", "text": "adding 50, 60, 70 basis points on"}, {"start": "00:02:11", "end": "00:02:15", "text": "inflation, but that's starting to peak"}, {"start": "00:02:13", "end": "00:02:16", "text": "because we're now past liberation day."}, {"start": "00:02:15", "end": "00:02:18", "text": "So, there were goods components that did"}, {"start": "00:02:16", "end": "00:02:20", "text": "see price inflation. You know, you could"}, {"start": "00:02:18", "end": "00:02:22", "text": "argue it wasn't related to tariffs. I"}, {"start": "00:02:20", "end": "00:02:24", "text": "think it probably was. Uh, but it was"}, {"start": "00:02:22", "end": "00:02:25", "text": "certainly less bad than people thought"}, {"start": "00:02:24", "end": "00:02:27", "text": "it would be. the expectation it was"}, {"start": "00:02:25", "end": "00:02:29", "text": "going to create this, you know,"}, {"start": "00:02:27", "end": "00:02:31", "text": "inflation type spiral and feed through"}, {"start": "00:02:29", "end": "00:02:33", "text": "into, you know, across the the entire"}, {"start": "00:02:31", "end": "00:02:34", "text": "good sector and then into services like"}, {"start": "00:02:33", "end": "00:02:36", "text": "that didn't play out. It wasn't the"}, {"start": "00:02:34", "end": "00:02:37", "text": "worst case scenario, but it does appear"}, {"start": "00:02:36", "end": "00:02:38", "text": "to have shown up in the data to some"}, {"start": "00:02:37", "end": "00:02:39", "text": "extent."}, {"start": "00:02:38", "end": "00:02:42", "text": ">> Okay. And then you mentioned AI"}, {"start": "00:02:39", "end": "00:02:43", "text": "inflation. Uh my belief is that AI at"}, {"start": "00:02:42", "end": "00:02:45", "text": "least over the long run definitely is"}, {"start": "00:02:43", "end": "00:02:46", "text": "going to be deflationary, but where"}, {"start": "00:02:45", "end": "00:02:47", "text": "where is the short-term AI inflation"}, {"start": "00:02:46", "end": "00:02:48", "text": "coming from?"}, {"start": "00:02:47", "end": "00:02:49", "text": ">> Yeah, and I agree with you in the long"}, {"start": "00:02:48", "end": "00:02:52", "text": "term. In the long term, it should be"}, {"start": "00:02:49", "end": "00:02:54", "text": "disinflationary. I'm a big believer in"}, {"start": "00:02:52", "end": "00:02:56", "text": "productivity in the long run being a"}, {"start": "00:02:54", "end": "00:02:58", "text": "disinflationary force because companies"}, {"start": "00:02:56", "end": "00:02:59", "text": "will save money and and therefore they"}, {"start": "00:02:58", "end": "00:03:01", "text": "can pass it through. For now, you're"}, {"start": "00:02:59", "end": "00:03:03", "text": "seeing it show up specifically related"}, {"start": "00:03:01", "end": "00:03:06", "text": "to the ship to the chip shortage."}, {"start": "00:03:03", "end": "00:03:08", "text": ">> So in computer software and accessories"}, {"start": "00:03:06", "end": "00:03:10", "text": "like some components within the"}, {"start": "00:03:08", "end": "00:03:13", "text": "inflation basket are up about 15%"}, {"start": "00:03:10", "end": "00:03:15", "text": "year-over-year that is filtering into"}, {"start": "00:03:13", "end": "00:03:18", "text": "the data. Uh do I think this is going to"}, {"start": "00:03:15", "end": "00:03:20", "text": "be a problem in the medium term? No. But"}, {"start": "00:03:18", "end": "00:03:21", "text": "it's just on top of a couple of other"}, {"start": "00:03:20", "end": "00:03:22", "text": "sort of one-off factors that are feeding"}, {"start": "00:03:21", "end": "00:03:25", "text": "into the inflation data that are making"}, {"start": "00:03:22", "end": "00:03:27", "text": "it high. Now, it's not going to continue"}, {"start": "00:03:25", "end": "00:03:29", "text": "to to rise at 15% year-over-year into"}, {"start": "00:03:27", "end": "00:03:31", "text": "perpetuity, in which case that inflation"}, {"start": "00:03:29", "end": "00:03:33", "text": "will start to fade off the data"}, {"start": "00:03:31", "end": "00:03:34", "text": "probably, you know, in the middle part"}, {"start": "00:03:33", "end": "00:03:36", "text": "of this year."}, {"start": "00:03:34", "end": "00:03:38", "text": ">> Now, um when it comes to energy prices,"}, {"start": "00:03:36", "end": "00:03:40", "text": "I [clears throat] think that I'm full on"}, {"start": "00:03:38", "end": "00:03:41", "text": "board. Hey, if oil prices spike,"}, {"start": "00:03:40", "end": "00:03:43", "text": "obviously there's going to be this like"}, {"start": "00:03:41", "end": "00:03:45", "text": "push through. Uh you see the gas at the"}, {"start": "00:03:43", "end": "00:03:46", "text": "pump going up. Uh now all of a sudden a"}, {"start": "00:03:45", "end": "00:03:48", "text": "barrel of oil though has come down"}, {"start": "00:03:46", "end": "00:03:50", "text": "significantly and it feels like maybe"}, {"start": "00:03:48", "end": "00:03:53", "text": "it's finding some sort of equilibrium"}, {"start": "00:03:50", "end": "00:03:54", "text": "where maybe it's like the the new gas or"}, {"start": "00:03:53", "end": "00:03:56", "text": "the oil price that we're going to see."}, {"start": "00:03:54", "end": "00:03:58", "text": "How do you guys look at that impact on"}, {"start": "00:03:56", "end": "00:04:00", "text": "uh inflation and whether it's just like"}, {"start": "00:03:58", "end": "00:04:02", "text": "a short-term impact or there's going to"}, {"start": "00:04:00", "end": "00:04:04", "text": "be some sort of long-term um you know"}, {"start": "00:04:02", "end": "00:04:06", "text": "kind of uh uh effect to actual inflation"}, {"start": "00:04:04", "end": "00:04:07", "text": "because of those energy prices. Yeah, I"}, {"start": "00:04:06", "end": "00:04:09", "text": "think it'll be I think it'll be short"}, {"start": "00:04:07", "end": "00:04:11", "text": "term as long as the the the war doesn't"}, {"start": "00:04:09", "end": "00:04:12", "text": "escalate in a material way, which you"}, {"start": "00:04:11", "end": "00:04:14", "text": "know the the signs right now"}, {"start": "00:04:12", "end": "00:04:16", "text": ">> knows if it's on No, but nobody even"}, {"start": "00:04:14", "end": "00:04:17", "text": "knows if the war is on or off. Like if I"}, {"start": "00:04:16", "end": "00:04:19", "text": "if I walk out on the street right now"}, {"start": "00:04:17", "end": "00:04:20", "text": "and ask 20 people, is the Iran war on or"}, {"start": "00:04:19", "end": "00:04:22", "text": "off?"}, {"start": "00:04:20", "end": "00:04:24", "text": ">> Literally, I do not think that people"}, {"start": "00:04:22", "end": "00:04:25", "text": "know. And I find myself dayto day"}, {"start": "00:04:24", "end": "00:04:27", "text": "because it's like it's on in the"}, {"start": "00:04:25", "end": "00:04:28", "text": "morning, it's off at night, it's back on"}, {"start": "00:04:27", "end": "00:04:30", "text": "in the next morning, then it's off by"}, {"start": "00:04:28", "end": "00:04:31", "text": "noon, then it's on again by dinner time."}, {"start": "00:04:30", "end": "00:04:32", "text": "You're just like unless you are just"}, {"start": "00:04:31", "end": "00:04:33", "text": "sitting paying attention to the news"}, {"start": "00:04:32", "end": "00:04:35", "text": "like you don't even know."}, {"start": "00:04:33", "end": "00:04:37", "text": ">> I think it's fair. So that and that's"}, {"start": "00:04:35", "end": "00:04:38", "text": "why oil prices have drifted, you know,"}, {"start": "00:04:37", "end": "00:04:40", "text": "notably higher than where they were. It"}, {"start": "00:04:38", "end": "00:04:42", "text": "was impressive how much oil prices have"}, {"start": "00:04:40", "end": "00:04:43", "text": "come came down initially. Now they've"}, {"start": "00:04:42", "end": "00:04:44", "text": "jumped back up, but they're not nearly"}, {"start": "00:04:43", "end": "00:04:45", "text": "where they were earlier in the year. And"}, {"start": "00:04:44", "end": "00:04:47", "text": "I don't think that will happen. I don't"}, {"start": "00:04:45", "end": "00:04:49", "text": "think we're going to get to that type of"}, {"start": "00:04:47", "end": "00:04:50", "text": "escalation because neither side really"}, {"start": "00:04:49", "end": "00:04:53", "text": "wants that."}, {"start": "00:04:50", "end": "00:04:55", "text": ">> So it's possible we'll settle with with"}, {"start": "00:04:53", "end": "00:04:57", "text": "WTI in the 80s for a little for a period"}, {"start": "00:04:55", "end": "00:04:59", "text": "of time, which is not great, but that's"}, {"start": "00:04:57", "end": "00:05:00", "text": "not a disaster for the consumer. The"}, {"start": "00:04:59", "end": "00:05:03", "text": "consumer, as we've seen, has been able"}, {"start": "00:05:00", "end": "00:05:05", "text": "to be resilient through a lot of this."}, {"start": "00:05:03", "end": "00:05:07", "text": "It's caused some inflation of course in"}, {"start": "00:05:05", "end": "00:05:09", "text": "energy prices because it feeds directly"}, {"start": "00:05:07", "end": "00:05:11", "text": "into that but the broader implications"}, {"start": "00:05:09", "end": "00:05:13", "text": "are a little bit more limited in terms"}, {"start": "00:05:11", "end": "00:05:14", "text": "of core inflation. The main effects show"}, {"start": "00:05:13", "end": "00:05:17", "text": "up through airfares."}, {"start": "00:05:14", "end": "00:05:19", "text": ">> Mhm. Now uh I recently went uh deep into"}, {"start": "00:05:17", "end": "00:05:20", "text": "the Bronx the Yankee Stadium at the"}, {"start": "00:05:19", "end": "00:05:22", "text": "Jay-Z concert. We talked to a ton of"}, {"start": "00:05:20", "end": "00:05:25", "text": "people and you can imagine these people"}, {"start": "00:05:22", "end": "00:05:27", "text": "are everything from uh I talked to a guy"}, {"start": "00:05:25", "end": "00:05:30", "text": "who owns a store in Manhattan um selling"}, {"start": "00:05:27", "end": "00:05:32", "text": "physical goods. I talked to people who"}, {"start": "00:05:30", "end": "00:05:34", "text": "uh one woman told me she doesn't pay"}, {"start": "00:05:32", "end": "00:05:35", "text": "rent and you know she's kind of I didn't"}, {"start": "00:05:34", "end": "00:05:38", "text": "really know what her job was and kind of"}, {"start": "00:05:35", "end": "00:05:39", "text": "everyone in between. But one of the"}, {"start": "00:05:38", "end": "00:05:40", "text": "things I took away from those"}, {"start": "00:05:39", "end": "00:05:42", "text": "conversations of talking to these are"}, {"start": "00:05:40", "end": "00:05:44", "text": "like real people in the real economy who"}, {"start": "00:05:42", "end": "00:05:45", "text": "they are not looking at what the CPI"}, {"start": "00:05:44", "end": "00:05:48", "text": "data is. I bet you most of them didn't"}, {"start": "00:05:45", "end": "00:05:51", "text": "even know what CPI is, right?"}, {"start": "00:05:48", "end": "00:05:53", "text": "They all seem to be very convinced"}, {"start": "00:05:51", "end": "00:05:54", "text": "everything is more expensive which I"}, {"start": "00:05:53", "end": "00:05:56", "text": "think objectively is true especially"}, {"start": "00:05:54", "end": "00:05:58", "text": "over the last couple years but they did"}, {"start": "00:05:56", "end": "00:05:59", "text": "not understand why. And so one of the"}, {"start": "00:05:58", "end": "00:06:01", "text": "things that I've been thinking a lot"}, {"start": "00:05:59", "end": "00:06:03", "text": "about is like when we're looking at how"}, {"start": "00:06:01", "end": "00:06:04", "text": "the economy actually is in terms of"}, {"start": "00:06:03", "end": "00:06:06", "text": "health, it's like the consumer is super"}, {"start": "00:06:04", "end": "00:06:07", "text": "resilient, people on the ground are"}, {"start": "00:06:06", "end": "00:06:08", "text": "saying everything's too expensive,"}, {"start": "00:06:07", "end": "00:06:11", "text": "right? It's kind of this weird dynamic."}, {"start": "00:06:08", "end": "00:06:14", "text": "So how do you think through okay if"}, {"start": "00:06:11", "end": "00:06:16", "text": "everything is so expensive yet still the"}, {"start": "00:06:14", "end": "00:06:17", "text": "consumer is so resilient? Like how do"}, {"start": "00:06:16", "end": "00:06:19", "text": "you balance those two things?"}, {"start": "00:06:17", "end": "00:06:21", "text": ">> So I think it's a a problem of price"}, {"start": "00:06:19", "end": "00:06:23", "text": "level versus what's actually happening"}, {"start": "00:06:21", "end": "00:06:25", "text": "in terms of inflation. So the price"}, {"start": "00:06:23", "end": "00:06:26", "text": "level went up in the years after CO"}, {"start": "00:06:25", "end": "00:06:27", "text": "partially because there was a lot of"}, {"start": "00:06:26", "end": "00:06:29", "text": "stimulus coming from the government"}, {"start": "00:06:27", "end": "00:06:31", "text": "supply chain issues. Once companies tend"}, {"start": "00:06:29", "end": "00:06:33", "text": "to raise prices, they don't generally"}, {"start": "00:06:31", "end": "00:06:35", "text": "lower them in a big way. So we got a big"}, {"start": "00:06:33", "end": "00:06:37", "text": "shock to price level. People are still"}, {"start": "00:06:35", "end": "00:06:38", "text": "upset about how much things cost because"}, {"start": "00:06:37", "end": "00:06:40", "text": "they still remember what they were"}, {"start": "00:06:38", "end": "00:06:41", "text": "before the pandemic. Although eventually"}, {"start": "00:06:40", "end": "00:06:43", "text": "that will start to fade as people kind"}, {"start": "00:06:41", "end": "00:06:45", "text": "of forget what prices used to be. So"}, {"start": "00:06:43", "end": "00:06:46", "text": "they're unhappy. If you ask consumers,"}, {"start": "00:06:45", "end": "00:06:47", "text": "consumer sentiment measures are quite"}, {"start": "00:06:46", "end": "00:06:50", "text": "negative. People say things are"}, {"start": "00:06:47", "end": "00:06:52", "text": "unaffordable today. Yet the reality is"}, {"start": "00:06:50", "end": "00:06:55", "text": "the economy is actually pretty good."}, {"start": "00:06:52", "end": "00:06:57", "text": "Income growth is solid. Payrolls are are"}, {"start": "00:06:55", "end": "00:06:59", "text": "pretty good. So the combination of those"}, {"start": "00:06:57", "end": "00:07:01", "text": "things mean people can continue to spend"}, {"start": "00:06:59", "end": "00:07:03", "text": "even though the price levels are high."}, {"start": "00:07:01", "end": "00:07:04", "text": "So they can technically"}, {"start": "00:07:03", "end": "00:07:06", "text": "not everybody of course because there is"}, {"start": "00:07:04", "end": "00:07:07", "text": "this bottom of the consumer that got"}, {"start": "00:07:06", "end": "00:07:09", "text": "left out. But the bulk of the the"}, {"start": "00:07:07", "end": "00:07:11", "text": "consumer base, middle to upper income"}, {"start": "00:07:09", "end": "00:07:12", "text": "people can largely afford most things."}, {"start": "00:07:11", "end": "00:07:15", "text": "They just don't like the level of"}, {"start": "00:07:12", "end": "00:07:18", "text": "prices. So that's why spending has been"}, {"start": "00:07:15", "end": "00:07:19", "text": "solid even though things are, you know,"}, {"start": "00:07:18", "end": "00:07:20", "text": "notably more expensive than they were"}, {"start": "00:07:19", "end": "00:07:23", "text": "before the pandemic. But at the same"}, {"start": "00:07:20", "end": "00:07:27", "text": "time, wage inflation has largely kept up"}, {"start": "00:07:23", "end": "00:07:29", "text": "with most things outside of housing"}, {"start": "00:07:27", "end": "00:07:31", "text": "related purchases and and autos, things"}, {"start": "00:07:29", "end": "00:07:34", "text": "that are really interest rate sensitive."}, {"start": "00:07:31", "end": "00:07:36", "text": "Other than that, the bulk of the sort of"}, {"start": "00:07:34", "end": "00:07:37", "text": "CPI basket or the the goods that people"}, {"start": "00:07:36", "end": "00:07:39", "text": "buy in a on a day-to-day basis have"}, {"start": "00:07:37", "end": "00:07:41", "text": "largely kept up with how much wages have"}, {"start": "00:07:39", "end": "00:07:43", "text": "picked up since then. It just people"}, {"start": "00:07:41", "end": "00:07:43", "text": "don't like the prices that they see at"}, {"start": "00:07:43", "end": "00:07:45", "text": "stores."}, {"start": "00:07:43", "end": "00:07:47", "text": ">> When you see the economic data, like how"}, {"start": "00:07:45", "end": "00:07:49", "text": "much do you believe that versus maybe"}, {"start": "00:07:47", "end": "00:07:51", "text": "like other metrics? And the reason I ask"}, {"start": "00:07:49", "end": "00:07:53", "text": "is, you know, the government metrics, I"}, {"start": "00:07:51", "end": "00:07:56", "text": "think that um I find it's like 50/50."}, {"start": "00:07:53", "end": "00:07:57", "text": "Some people are like, \"It is the data."}, {"start": "00:07:56", "end": "00:07:59", "text": "They do a great job. I I believe it.\""}, {"start": "00:07:57", "end": "00:08:01", "text": "The other 50% of people, I think, are"}, {"start": "00:07:59", "end": "00:08:02", "text": "like, \"Eh, I don't really believe it,"}, {"start": "00:08:01", "end": "00:08:05", "text": "but it's kind of the best we got.\" And"}, {"start": "00:08:02", "end": "00:08:06", "text": "so, like, I use it as uh maybe a data"}, {"start": "00:08:05", "end": "00:08:08", "text": "point, but I look at these other things"}, {"start": "00:08:06", "end": "00:08:10", "text": "and put more weight on them. Where are"}, {"start": "00:08:08", "end": "00:08:12", "text": "you on that spectrum of, you know,"}, {"start": "00:08:10", "end": "00:08:13", "text": "full-on believer of the economic data to"}, {"start": "00:08:12", "end": "00:08:15", "text": "like, eh, I look at it because everyone"}, {"start": "00:08:13", "end": "00:08:16", "text": "else looks at it, but maybe I don't put"}, {"start": "00:08:15", "end": "00:08:17", "text": "as much weight."}, {"start": "00:08:16", "end": "00:08:20", "text": ">> I'm closer to the believer in the data."}, {"start": "00:08:17", "end": "00:08:22", "text": "I think they do the best job that of of"}, {"start": "00:08:20", "end": "00:08:25", "text": "most of the data out there in terms of"}, {"start": "00:08:22", "end": "00:08:27", "text": "capturing inflation, employment,"}, {"start": "00:08:25", "end": "00:08:28", "text": "recognizing it's not perfect. I don't"}, {"start": "00:08:27", "end": "00:08:30", "text": "think that there is there sometimes"}, {"start": "00:08:28", "end": "00:08:31", "text": "people will make these sort of political"}, {"start": "00:08:30", "end": "00:08:32", "text": "arguments against the data. I think"}, {"start": "00:08:31", "end": "00:08:35", "text": "there's that there's very little of"}, {"start": "00:08:32", "end": "00:08:37", "text": "that. I don't think it's politicized. I"}, {"start": "00:08:35", "end": "00:08:40", "text": "just think that it is difficult to fully"}, {"start": "00:08:37", "end": "00:08:42", "text": "capture the breadth of the US economy"}, {"start": "00:08:40", "end": "00:08:43", "text": "especially in an environment where"}, {"start": "00:08:42", "end": "00:08:45", "text": "patterns have changed over the past"}, {"start": "00:08:43", "end": "00:08:47", "text": "couple of years and a lot of the data"}, {"start": "00:08:45", "end": "00:08:50", "text": "relies on seasonal adjustment. So they"}, {"start": "00:08:47", "end": "00:08:52", "text": "look at patterns over the past depending"}, {"start": "00:08:50", "end": "00:08:54", "text": "on the measure 5 to 8 years and if"}, {"start": "00:08:52", "end": "00:08:55", "text": "patterns change it's harder to adjust"}, {"start": "00:08:54", "end": "00:08:58", "text": "for the data. So you tend to get these"}, {"start": "00:08:55", "end": "00:09:00", "text": "swings monthtomonth and that leads"}, {"start": "00:08:58", "end": "00:09:02", "text": "people to mis misbelieve the data just"}, {"start": "00:09:00", "end": "00:09:04", "text": "because it's it's been a lot more"}, {"start": "00:09:02", "end": "00:09:05", "text": "volatile than it historically has been."}, {"start": "00:09:04", "end": "00:09:08", "text": "But if you look on smooth basis, if you"}, {"start": "00:09:05", "end": "00:09:10", "text": "look at year-over-year data, if you look"}, {"start": "00:09:08", "end": "00:09:11", "text": "over sort of longer periods of time, I"}, {"start": "00:09:10", "end": "00:09:14", "text": "think it's telling you the accurate"}, {"start": "00:09:11", "end": "00:09:16", "text": "story. It's just we're left with some"}, {"start": "00:09:14", "end": "00:09:17", "text": "bigger revisions than normal and some"}, {"start": "00:09:16", "end": "00:09:19", "text": "additional volatility. But I don't I"}, {"start": "00:09:17", "end": "00:09:21", "text": "don't think it's fair to necessarily"}, {"start": "00:09:19", "end": "00:09:23", "text": "totally discount it because it is among"}, {"start": "00:09:21", "end": "00:09:25", "text": "the best data that's out there."}, {"start": "00:09:23", "end": "00:09:27", "text": ">> Mhm. Yeah. I I don't think that there's"}, {"start": "00:09:25", "end": "00:09:28", "text": "anybody sitting like politicizing the"}, {"start": "00:09:27", "end": "00:09:30", "text": "data in terms of like, oh, I want"}, {"start": "00:09:28", "end": "00:09:32", "text": "inflation to be higher or lower in the"}, {"start": "00:09:30", "end": "00:09:33", "text": "reading. I one I don't even know if that"}, {"start": "00:09:32", "end": "00:09:36", "text": "how they could do that, but second of"}, {"start": "00:09:33", "end": "00:09:38", "text": "all, um I I generally think that they're"}, {"start": "00:09:36", "end": "00:09:40", "text": "not being like nefarious um regardless"}, {"start": "00:09:38", "end": "00:09:42", "text": "of who's in office. Uh I do think that"}, {"start": "00:09:40", "end": "00:09:44", "text": "maybe the Michigan Consumer uh sentiment"}, {"start": "00:09:42", "end": "00:09:46", "text": "survey is like a great example where"}, {"start": "00:09:44", "end": "00:09:49", "text": "they just started to sample way more of"}, {"start": "00:09:46", "end": "00:09:51", "text": "one political party over another. And my"}, {"start": "00:09:49", "end": "00:09:52", "text": "guess is actually again not nefarious."}, {"start": "00:09:51", "end": "00:09:55", "text": "It's just like they moved from kind of"}, {"start": "00:09:52", "end": "00:09:56", "text": "telephone type surveying stuff to when"}, {"start": "00:09:55", "end": "00:09:58", "text": "they went online. They just go advertise"}, {"start": "00:09:56", "end": "00:10:00", "text": "on certain sites and they may not even"}, {"start": "00:09:58", "end": "00:10:02", "text": "know where they're advertising but then"}, {"start": "00:10:00", "end": "00:10:04", "text": "you get these like uh bias in the data."}, {"start": "00:10:02", "end": "00:10:05", "text": "And so what I've been trying to think"}, {"start": "00:10:04", "end": "00:10:07", "text": "through and and I don't have a good"}, {"start": "00:10:05", "end": "00:10:10", "text": "answer for is just when you see these"}, {"start": "00:10:07", "end": "00:10:11", "text": "shifts in data"}, {"start": "00:10:10", "end": "00:10:12", "text": "but you see it in outliers. Like to me"}, {"start": "00:10:11", "end": "00:10:14", "text": "it's like the stock market's at all time"}, {"start": "00:10:12", "end": "00:10:16", "text": "highs but consumer sentiment is at"}, {"start": "00:10:14", "end": "00:10:18", "text": "all-time lows, right? It's like I think"}, {"start": "00:10:16", "end": "00:10:19", "text": "that's like become this huge story, but"}, {"start": "00:10:18", "end": "00:10:21", "text": "then when you go and you look at the"}, {"start": "00:10:19", "end": "00:10:22", "text": "data and Tom Lee did a a big report on"}, {"start": "00:10:21", "end": "00:10:25", "text": "this that I thought was fascinating. Um"}, {"start": "00:10:22", "end": "00:10:27", "text": "they used to go and uh survey 50%"}, {"start": "00:10:25", "end": "00:10:28", "text": "Republicans, 50% Democrats. As we know,"}, {"start": "00:10:27", "end": "00:10:29", "text": "Republicans think the economy is amazing"}, {"start": "00:10:28", "end": "00:10:31", "text": "and Democrats think it's horrible and"}, {"start": "00:10:29", "end": "00:10:33", "text": "it's kind of those views are definitely"}, {"start": "00:10:31", "end": "00:10:34", "text": "politicized."}, {"start": "00:10:33", "end": "00:10:36", "text": "They now are surveying 2/3 Democrats,"}, {"start": "00:10:34", "end": "00:10:38", "text": "one third Republican. And so naturally,"}, {"start": "00:10:36", "end": "00:10:41", "text": "you get some decay. Now, it wouldn't put"}, {"start": "00:10:38", "end": "00:10:43", "text": "it at the lowest level possible. And so"}, {"start": "00:10:41", "end": "00:10:44", "text": "it it's almost like you get really deep"}, {"start": "00:10:43", "end": "00:10:46", "text": "in the nuance. And then I think I've"}, {"start": "00:10:44", "end": "00:10:47", "text": "just like concluded I'm like actually"}, {"start": "00:10:46", "end": "00:10:49", "text": "what people are saying may be the most"}, {"start": "00:10:47", "end": "00:10:51", "text": "important thing, right? It's like kind"}, {"start": "00:10:49", "end": "00:10:53", "text": "of like their personal experience in a"}, {"start": "00:10:51", "end": "00:10:55", "text": "way. If they think inflation is coming,"}, {"start": "00:10:53", "end": "00:10:56", "text": "they start to act like inflation is"}, {"start": "00:10:55", "end": "00:10:58", "text": "coming and so they sort of change their"}, {"start": "00:10:56", "end": "00:10:59", "text": "behaviors. Do you see that or is that"}, {"start": "00:10:58", "end": "00:11:01", "text": "more so like it sound like a good story"}, {"start": "00:10:59", "end": "00:11:03", "text": "but but maybe it's not the actual uh"}, {"start": "00:11:01", "end": "00:11:05", "text": "reality on the ground?"}, {"start": "00:11:03", "end": "00:11:08", "text": ">> Yeah. So going back to the like is there"}, {"start": "00:11:05", "end": "00:11:10", "text": "polit politicization of the data? Like I"}, {"start": "00:11:08", "end": "00:11:12", "text": "often hear from people like is is the"}, {"start": "00:11:10", "end": "00:11:14", "text": "administration having some impact on the"}, {"start": "00:11:12", "end": "00:11:16", "text": "data? I really don't think so. Um, you"}, {"start": "00:11:14", "end": "00:11:17", "text": "know, there was some, you know,"}, {"start": "00:11:16", "end": "00:11:20", "text": "shuffling in terms of that the head of"}, {"start": "00:11:17", "end": "00:11:22", "text": "BLS and ended up being, um, they ended"}, {"start": "00:11:20", "end": "00:11:24", "text": "up putting the the the sort of second"}, {"start": "00:11:22", "end": "00:11:28", "text": "second person in line has been a"}, {"start": "00:11:24", "end": "00:11:30", "text": "longtime economist at uh, BLS and, you"}, {"start": "00:11:28", "end": "00:11:31", "text": "know, it's it's"}, {"start": "00:11:30", "end": "00:11:33", "text": "not something that's concerning. It's"}, {"start": "00:11:31", "end": "00:11:35", "text": "something someone who's been very much,"}, {"start": "00:11:33", "end": "00:11:36", "text": "you know, in in the weeds in the data."}, {"start": "00:11:35", "end": "00:11:38", "text": "So, I there there doesn't appear to be"}, {"start": "00:11:36", "end": "00:11:40", "text": "any major changes from that perspective."}, {"start": "00:11:38", "end": "00:11:42", "text": "when you when you think about some of"}, {"start": "00:11:40", "end": "00:11:45", "text": "the the data sources specifically um you"}, {"start": "00:11:42", "end": "00:11:47", "text": "missish it's relatively small sample"}, {"start": "00:11:45", "end": "00:11:49", "text": "size and as you mentioned it's certainly"}, {"start": "00:11:47", "end": "00:11:51", "text": "not a perfect sample um and what we've"}, {"start": "00:11:49", "end": "00:11:53", "text": "seen is some some pretty big volatility"}, {"start": "00:11:51", "end": "00:11:55", "text": "in the data and then when you think"}, {"start": "00:11:53", "end": "00:11:58", "text": "about the headline measure they ask five"}, {"start": "00:11:55", "end": "00:12:00", "text": "questions to get at the answer"}, {"start": "00:11:58", "end": "00:12:02", "text": ">> three out of the five are kind of"}, {"start": "00:12:00", "end": "00:12:04", "text": "related to affordability they ask is now"}, {"start": "00:12:02", "end": "00:12:05", "text": "a good time to buy durable goods and you"}, {"start": "00:12:04", "end": "00:12:07", "text": "might say no it's not a good time but"}, {"start": "00:12:05", "end": "00:12:08", "text": "you might still buy them they ask you"}, {"start": "00:12:07", "end": "00:12:10", "text": "know how do you feel about personal"}, {"start": "00:12:08", "end": "00:12:11", "text": "finances, you know, currently, how do"}, {"start": "00:12:10", "end": "00:12:13", "text": "you feel about them in the future? You"}, {"start": "00:12:11", "end": "00:12:14", "text": "might still say those things are bad,"}, {"start": "00:12:13", "end": "00:12:15", "text": "but that doesn't mean you're not going"}, {"start": "00:12:14", "end": "00:12:17", "text": "to spend."}, {"start": "00:12:15", "end": "00:12:18", "text": ">> So, it's important to see how people"}, {"start": "00:12:17", "end": "00:12:20", "text": "feel about the backdrop and the"}, {"start": "00:12:18", "end": "00:12:22", "text": "affordability landscape, but that"}, {"start": "00:12:20", "end": "00:12:23", "text": "doesn't necessarily indicate how much"}, {"start": "00:12:22", "end": "00:12:25", "text": "they're actually going to spend."}, {"start": "00:12:23", "end": "00:12:27", "text": ">> So, I think it's important to look at it"}, {"start": "00:12:25", "end": "00:12:28", "text": "and to view it at least separate from"}, {"start": "00:12:27", "end": "00:12:30", "text": "what's actually happening on the ground"}, {"start": "00:12:28", "end": "00:12:31", "text": "because it tells you two different"}, {"start": "00:12:30", "end": "00:12:33", "text": "things. If you look at the credit card"}, {"start": "00:12:31", "end": "00:12:35", "text": "data, that tells you that, you know, the"}, {"start": "00:12:33", "end": "00:12:37", "text": "the the spending is pretty good and the"}, {"start": "00:12:35", "end": "00:12:38", "text": "the banks all reported today and had,"}, {"start": "00:12:37", "end": "00:12:40", "text": "you know, pretty optimistic views on the"}, {"start": "00:12:38", "end": "00:12:42", "text": "overall consumer. And I think that's the"}, {"start": "00:12:40", "end": "00:12:44", "text": "right view. Even though sentiment"}, {"start": "00:12:42", "end": "00:12:45", "text": "measures tell you that people are"}, {"start": "00:12:44", "end": "00:12:46", "text": "unhappy about the affordability, that"}, {"start": "00:12:45", "end": "00:12:48", "text": "doesn't necessarily mean they're not"}, {"start": "00:12:46", "end": "00:12:49", "text": "going to spend. They just don't like the"}, {"start": "00:12:48", "end": "00:12:51", "text": "price level today."}, {"start": "00:12:49", "end": "00:12:52", "text": ">> Today's episode is brought to you by"}, {"start": "00:12:51", "end": "00:12:54", "text": "Fountain Life."}, {"start": "00:12:52", "end": "00:12:57", "text": "Your body [music] is incredibly good at"}, {"start": "00:12:54", "end": "00:13:01", "text": "hiding disease."}, {"start": "00:12:57", "end": "00:13:01", "text": "Unless you look"}, {"start": "00:13:09", "end": "00:13:12", "text": "true wealth isn't measured in"}, {"start": "00:13:10", "end": "00:13:15", "text": "possession."}, {"start": "00:13:12", "end": "00:13:17", "text": "It's measured in the time you gain,"}, {"start": "00:13:15", "end": "00:13:19", "text": "the energy you feel, and the life you"}, {"start": "00:13:17", "end": "00:13:21", "text": "create. It may be the smartest"}, {"start": "00:13:19", "end": "00:13:23", "text": "investment of your time you'll ever"}, {"start": "00:13:21", "end": "00:13:23", "text": "make."}, {"start": "00:13:24", "end": "00:13:26", "text": ">> [music]"}, {"start": "00:13:28", "end": "00:13:33", "text": ">> Life is so [music] very very precious"}, {"start": "00:13:30", "end": "00:13:37", "text": "and I want each of you to be truly"}, {"start": "00:13:33", "end": "00:13:40", "text": "[music] awakened to your aliveness and"}, {"start": "00:13:37", "end": "00:13:40", "text": "live longer without limits. [music]"}, {"start": "00:13:44", "end": "00:13:48", "text": ">> Your number one job is to educate"}, {"start": "00:13:46", "end": "00:13:51", "text": "yourself and Fountain wants to help"}, {"start": "00:13:48", "end": "00:13:51", "text": "educate you."}, {"start": "00:13:54", "end": "00:13:59", "text": "What I find very fascinating is um take"}, {"start": "00:13:57", "end": "00:14:01", "text": "something like uh New York City, right?"}, {"start": "00:13:59", "end": "00:14:03", "text": "Um when I was asking a bunch of people"}, {"start": "00:14:01", "end": "00:14:04", "text": "like why is New York so expensive? One"}, {"start": "00:14:03", "end": "00:14:05", "text": "of the things people are like cuz"}, {"start": "00:14:04", "end": "00:14:06", "text": "everyone wants to be here, right? And so"}, {"start": "00:14:05", "end": "00:14:08", "text": "you're just like you have so many people"}, {"start": "00:14:06", "end": "00:14:10", "text": "that want to be here and if you you know"}, {"start": "00:14:08", "end": "00:14:12", "text": "rent is uh just hit a brand new all-time"}, {"start": "00:14:10", "end": "00:14:14", "text": "high uh in the month of June. And so um"}, {"start": "00:14:12", "end": "00:14:16", "text": "you have a ton of people who all want to"}, {"start": "00:14:14", "end": "00:14:17", "text": "live in a certain set of housing, of"}, {"start": "00:14:16", "end": "00:14:19", "text": "course the price is going to go through"}, {"start": "00:14:17", "end": "00:14:21", "text": "the roof. Um the other thing that I find"}, {"start": "00:14:19", "end": "00:14:22", "text": "interesting, I have a friend who uh he"}, {"start": "00:14:21", "end": "00:14:24", "text": "talks a lot about housing affordability,"}, {"start": "00:14:22", "end": "00:14:26", "text": "but his view is like most people can"}, {"start": "00:14:24", "end": "00:14:28", "text": "afford a house. It just may not be the"}, {"start": "00:14:26", "end": "00:14:30", "text": "house that they want to afford, right?"}, {"start": "00:14:28", "end": "00:14:32", "text": "So he's like, you know, if you can"}, {"start": "00:14:30", "end": "00:14:35", "text": "afford a two-bedroom or three-bedroom"}, {"start": "00:14:32", "end": "00:14:37", "text": "home somewhere in the suburbs of some,"}, {"start": "00:14:35", "end": "00:14:39", "text": "you know, kind of mid-tier city, you"}, {"start": "00:14:37", "end": "00:14:41", "text": "just may not want to live there. And so"}, {"start": "00:14:39", "end": "00:14:42", "text": "you want to go live in a big city or you"}, {"start": "00:14:41", "end": "00:14:44", "text": "want a bigger home or you don't want a"}, {"start": "00:14:42", "end": "00:14:46", "text": "bigger yard or whatever the thing is."}, {"start": "00:14:44", "end": "00:14:48", "text": "And so you start complaining that like"}, {"start": "00:14:46", "end": "00:14:50", "text": "it's unaffordable, but there's actually"}, {"start": "00:14:48", "end": "00:14:53", "text": "a mismatch between what you can afford"}, {"start": "00:14:50", "end": "00:14:55", "text": "and what you want. Is that a problem? Or"}, {"start": "00:14:53", "end": "00:14:56", "text": "actually is that just like the"}, {"start": "00:14:55", "end": "00:14:58", "text": "affordability thing is more"}, {"start": "00:14:56", "end": "00:15:00", "text": "psychological and and it's almost become"}, {"start": "00:14:58", "end": "00:15:03", "text": "political to a degree. But the consumer"}, {"start": "00:15:00", "end": "00:15:06", "text": "sentiment is really our, you know, way"}, {"start": "00:15:03", "end": "00:15:07", "text": "point or or maybe north star on what the"}, {"start": "00:15:06", "end": "00:15:08", "text": "US economy strength is."}, {"start": "00:15:07", "end": "00:15:09", "text": ">> Yeah. I mean, I think there's there's"}, {"start": "00:15:08", "end": "00:15:10", "text": "there's a little bit of both in the"}, {"start": "00:15:09", "end": "00:15:12", "text": "sense that, you know, mortgage rates"}, {"start": "00:15:10", "end": "00:15:14", "text": "have come up a lot and people don't want"}, {"start": "00:15:12", "end": "00:15:17", "text": "to trade in their current mortgage rate"}, {"start": "00:15:14", "end": "00:15:18", "text": "for one that's a lot higher. So, that"}, {"start": "00:15:17", "end": "00:15:19", "text": "would just that just kept a lot of"}, {"start": "00:15:18", "end": "00:15:21", "text": "people on the sidelines. But, I think"}, {"start": "00:15:19", "end": "00:15:23", "text": "you make a good point. There are plenty"}, {"start": "00:15:21", "end": "00:15:24", "text": "of people who could still buy a house."}, {"start": "00:15:23", "end": "00:15:27", "text": "It's just not the place they want to"}, {"start": "00:15:24", "end": "00:15:28", "text": "live or not near where their job is. You"}, {"start": "00:15:27", "end": "00:15:30", "text": "know, there"}, {"start": "00:15:28", "end": "00:15:31", "text": ">> my friend's point, not my point. Cuz"}, {"start": "00:15:30", "end": "00:15:32", "text": "because you know what my point is, I"}, {"start": "00:15:31", "end": "00:15:33", "text": "actually think, again, it's not"}, {"start": "00:15:32", "end": "00:15:35", "text": "everybody. I think that there's a lot of"}, {"start": "00:15:33", "end": "00:15:36", "text": "people in America who want to own a home"}, {"start": "00:15:35", "end": "00:15:38", "text": "and for whatever reason they either"}, {"start": "00:15:36", "end": "00:15:39", "text": "can't afford a home, they the one that"}, {"start": "00:15:38", "end": "00:15:40", "text": "they can't afford, they don't want,"}, {"start": "00:15:39", "end": "00:15:42", "text": "whatever. But I do think there's a"}, {"start": "00:15:40", "end": "00:15:44", "text": "growing number of people who they like"}, {"start": "00:15:42", "end": "00:15:44", "text": "the idea of renting because they start"}, {"start": "00:15:44", "end": "00:15:46", "text": "running the math and they're like,"}, {"start": "00:15:44", "end": "00:15:47", "text": "\"Wait, the like owning a home is not as"}, {"start": "00:15:46", "end": "00:15:49", "text": "good of a financial investment as they"}, {"start": "00:15:47", "end": "00:15:51", "text": "thought it was.\" So there's like a crowd"}, {"start": "00:15:49", "end": "00:15:52", "text": "there, a lot of like the fire uh you"}, {"start": "00:15:51", "end": "00:15:54", "text": "know, community, stuff like that. Um,"}, {"start": "00:15:52", "end": "00:15:55", "text": "but the second thing is I also think"}, {"start": "00:15:54", "end": "00:15:57", "text": "there's a lot of people who now have"}, {"start": "00:15:55", "end": "00:15:59", "text": "jobs that give them mobility and they"}, {"start": "00:15:57", "end": "00:16:02", "text": "like the idea that they can kind of like"}, {"start": "00:15:59", "end": "00:16:03", "text": "pick up and go places. And so, do you"}, {"start": "00:16:02", "end": "00:16:06", "text": "want to own a home if you're going to go"}, {"start": "00:16:03", "end": "00:16:07", "text": "on like a month-long trip, you know,"}, {"start": "00:16:06", "end": "00:16:09", "text": "twice a year or something? Like, you"}, {"start": "00:16:07", "end": "00:16:11", "text": "kind of get in this like weird dynamic"}, {"start": "00:16:09", "end": "00:16:13", "text": "where some of the consumer preferences"}, {"start": "00:16:11", "end": "00:16:14", "text": "have changed as well. And so, doesn't"}, {"start": "00:16:13", "end": "00:16:16", "text": "mean that there's not people who want to"}, {"start": "00:16:14", "end": "00:16:17", "text": "own home. There's plenty of those. But"}, {"start": "00:16:16", "end": "00:16:19", "text": "also, I think just like the younger"}, {"start": "00:16:17", "end": "00:16:21", "text": "generation,"}, {"start": "00:16:19", "end": "00:16:22", "text": "renting doesn't sound that bad to them"}, {"start": "00:16:21", "end": "00:16:24", "text": "compared to owning in, you know, if you"}, {"start": "00:16:22", "end": "00:16:25", "text": "live in New York City or something like"}, {"start": "00:16:24", "end": "00:16:26", "text": "that because it's affordability, but"}, {"start": "00:16:25", "end": "00:16:27", "text": "it's also preference."}, {"start": "00:16:26", "end": "00:16:30", "text": ">> Yeah. Yeah. And I I mean I think we're"}, {"start": "00:16:27", "end": "00:16:32", "text": "also a different generation than the the"}, {"start": "00:16:30", "end": "00:16:34", "text": "baby boomers for example where owning a"}, {"start": "00:16:32", "end": "00:16:36", "text": "home meant that you kind of made it and"}, {"start": "00:16:34", "end": "00:16:38", "text": "the younger generations that's that's"}, {"start": "00:16:36", "end": "00:16:40", "text": "not necess they don't they don't view"}, {"start": "00:16:38", "end": "00:16:41", "text": "goods in the same way that you know some"}, {"start": "00:16:40", "end": "00:16:44", "text": "of their parents did or their"}, {"start": "00:16:41", "end": "00:16:46", "text": "grandparents did. So the idea that they"}, {"start": "00:16:44", "end": "00:16:48", "text": "need to, you know, live in have a white"}, {"start": "00:16:46", "end": "00:16:49", "text": "picket fence like that may that might"}, {"start": "00:16:48", "end": "00:16:51", "text": "have faded"}, {"start": "00:16:49", "end": "00:16:54", "text": ">> and therefore they're more into"}, {"start": "00:16:51", "end": "00:16:56", "text": "experiences in the last, you know,"}, {"start": "00:16:54", "end": "00:16:58", "text": "couple of years. Travel and service"}, {"start": "00:16:56", "end": "00:16:59", "text": "demand has been incredibly strong, more"}, {"start": "00:16:58", "end": "00:17:01", "text": "so than goods demand."}, {"start": "00:16:59", "end": "00:17:02", "text": ">> And that might be the trend just going"}, {"start": "00:17:01", "end": "00:17:04", "text": "forward. It might just be a bit of a"}, {"start": "00:17:02", "end": "00:17:05", "text": "shift in terms of the consumer mindset,"}, {"start": "00:17:04", "end": "00:17:08", "text": "where they want to spend their money."}, {"start": "00:17:05", "end": "00:17:10", "text": "and you know paying as much as it would"}, {"start": "00:17:08", "end": "00:17:12", "text": "cost to to afford their the monthly"}, {"start": "00:17:10", "end": "00:17:13", "text": "mortgage payment is maybe just not their"}, {"start": "00:17:12", "end": "00:17:16", "text": "preference at the moment. That said"}, {"start": "00:17:13", "end": "00:17:18", "text": "there there is a cohort of people where"}, {"start": "00:17:16", "end": "00:17:20", "text": "it is unaffordable to live where they"}, {"start": "00:17:18", "end": "00:17:22", "text": "are working in a sort of reasonable"}, {"start": "00:17:20", "end": "00:17:23", "text": "distance in terms of commute and that's"}, {"start": "00:17:22", "end": "00:17:26", "text": "sort of what the holdup is."}, {"start": "00:17:23", "end": "00:17:28", "text": ">> Mhm. I think what will happen eventually"}, {"start": "00:17:26", "end": "00:17:30", "text": "mortgage rates will probably come down"}, {"start": "00:17:28", "end": "00:17:32", "text": "modestly and then consumers will grow"}, {"start": "00:17:30", "end": "00:17:35", "text": "into the level of prices and what that"}, {"start": "00:17:32", "end": "00:17:37", "text": "means is prices may stay steady for some"}, {"start": "00:17:35", "end": "00:17:38", "text": "time and incomes continue to grow and"}, {"start": "00:17:37", "end": "00:17:40", "text": "then eventually it becomes a lot more"}, {"start": "00:17:38", "end": "00:17:42", "text": "affordable than it is you know today"}, {"start": "00:17:40", "end": "00:17:42", "text": "when you look at various affordability"}, {"start": "00:17:42", "end": "00:17:44", "text": "metrics"}, {"start": "00:17:42", "end": "00:17:46", "text": ">> it it is interesting when you think"}, {"start": "00:17:44", "end": "00:17:48", "text": "about um commute times like one of the"}, {"start": "00:17:46", "end": "00:17:50", "text": "arguments that I see all the time is"}, {"start": "00:17:48", "end": "00:17:51", "text": "people say like why do I need to go to"}, {"start": "00:17:50", "end": "00:17:53", "text": "the office if you know I've got to"}, {"start": "00:17:51", "end": "00:17:53", "text": "commute 40 minutes or an hour or"}, {"start": "00:17:53", "end": "00:17:56", "text": "whatever."}, {"start": "00:17:53", "end": "00:17:58", "text": "Um, at the same time, if you go and you"}, {"start": "00:17:56", "end": "00:17:59", "text": "look at many large company, you know, I"}, {"start": "00:17:58", "end": "00:18:01", "text": "worked at Facebook for a while and I"}, {"start": "00:17:59", "end": "00:18:03", "text": "lived in San Francisco and we used to"}, {"start": "00:18:01", "end": "00:18:06", "text": "take the Facebook buses down to Menllo"}, {"start": "00:18:03", "end": "00:18:07", "text": "Park and like that's not a 5-minute"}, {"start": "00:18:06", "end": "00:18:09", "text": "commute, you know, that could be 40, 50"}, {"start": "00:18:07", "end": "00:18:12", "text": "minutes. What they did was they put"}, {"start": "00:18:09", "end": "00:18:14", "text": "Wi-Fi on the buses and it always cracks"}, {"start": "00:18:12", "end": "00:18:16", "text": "me up that there are a lot of public"}, {"start": "00:18:14", "end": "00:18:18", "text": "transportation options in the kind of"}, {"start": "00:18:16", "end": "00:18:20", "text": "New York City metro area that has no"}, {"start": "00:18:18", "end": "00:18:22", "text": "Wi-Fi. So like there is a ton of lost"}, {"start": "00:18:20", "end": "00:18:23", "text": "productivity because it's not like a lot"}, {"start": "00:18:22", "end": "00:18:25", "text": "of people are sitting there necessarily"}, {"start": "00:18:23", "end": "00:18:26", "text": "on their computers right they are doing"}, {"start": "00:18:25", "end": "00:18:29", "text": "other things they're reading you know"}, {"start": "00:18:26", "end": "00:18:31", "text": "whatever but like you as you measure"}, {"start": "00:18:29", "end": "00:18:33", "text": "some of these components there's uh"}, {"start": "00:18:31", "end": "00:18:34", "text": "affordability"}, {"start": "00:18:33", "end": "00:18:36", "text": "but then also you start to say to"}, {"start": "00:18:34", "end": "00:18:40", "text": "yourself the way that people work is"}, {"start": "00:18:36", "end": "00:18:42", "text": "changing and because of that we even see"}, {"start": "00:18:40", "end": "00:18:43", "text": "um the number of hours per employee per"}, {"start": "00:18:42", "end": "00:18:45", "text": "day"}, {"start": "00:18:43", "end": "00:18:47", "text": ">> has started to evolve and like AI is one"}, {"start": "00:18:45", "end": "00:18:50", "text": "piece of that"}, {"start": "00:18:47", "end": "00:18:52", "text": ">> but also So it does feel like the"}, {"start": "00:18:50", "end": "00:18:53", "text": "preference has sh I almost get a sense"}, {"start": "00:18:52", "end": "00:18:55", "text": "sometimes like especially talking to"}, {"start": "00:18:53", "end": "00:18:57", "text": "younger employees they're like I need to"}, {"start": "00:18:55", "end": "00:18:59", "text": "get paid a lot of money and like"}, {"start": "00:18:57", "end": "00:19:00", "text": "[laughter] how do I how am I efficient"}, {"start": "00:18:59", "end": "00:19:02", "text": "that's the word that gets used right"}, {"start": "00:19:00", "end": "00:19:03", "text": "like I want to be efficient which really"}, {"start": "00:19:02", "end": "00:19:04", "text": "is code for like I don't want to be here"}, {"start": "00:19:03", "end": "00:19:04", "text": "for 12 hours"}, {"start": "00:19:04", "end": "00:19:07", "text": ">> right"}, {"start": "00:19:04", "end": "00:19:08", "text": ">> and I understand that but what do you"}, {"start": "00:19:07", "end": "00:19:10", "text": "what's showing up in the data from that"}, {"start": "00:19:08", "end": "00:19:11", "text": "perspective of like it's not just"}, {"start": "00:19:10", "end": "00:19:13", "text": "preference around owning versus renting"}, {"start": "00:19:11", "end": "00:19:15", "text": "it's also like preference of work and"}, {"start": "00:19:13", "end": "00:19:16", "text": "productivity and and the impact on"}, {"start": "00:19:15", "end": "00:19:17", "text": "business too right"}, {"start": "00:19:16", "end": "00:19:19", "text": ">> yeah it seems to be this evolving"}, {"start": "00:19:17", "end": "00:19:20", "text": "sentiment where you're right, people"}, {"start": "00:19:19", "end": "00:19:22", "text": "want to get paid a lot but like perhaps"}, {"start": "00:19:20", "end": "00:19:22", "text": "work less than than they otherwise would"}, {"start": "00:19:22", "end": "00:19:23", "text": "be."}, {"start": "00:19:22", "end": "00:19:24", "text": ">> 4 day work week."}, {"start": "00:19:23", "end": "00:19:26", "text": ">> Totally. And like I mean if you're going"}, {"start": "00:19:24", "end": "00:19:29", "text": "to actually be more productive with that"}, {"start": "00:19:26", "end": "00:19:31", "text": "then then so be it. Um so you know it"}, {"start": "00:19:29", "end": "00:19:33", "text": "does appear to be a bit of of a shift in"}, {"start": "00:19:31", "end": "00:19:35", "text": "terms of workers want more of that work"}, {"start": "00:19:33", "end": "00:19:37", "text": "life balance. the flexibility thing came"}, {"start": "00:19:35", "end": "00:19:38", "text": "about as you know related to co that"}, {"start": "00:19:37", "end": "00:19:40", "text": "wasn't really a big thing broadly"}, {"start": "00:19:38", "end": "00:19:42", "text": "speaking before and that you know that"}, {"start": "00:19:40", "end": "00:19:45", "text": "has changed to some extent and some"}, {"start": "00:19:42", "end": "00:19:46", "text": "companies are using that as a flex to"}, {"start": "00:19:45", "end": "00:19:48", "text": "help attract more workers without having"}, {"start": "00:19:46", "end": "00:19:51", "text": "to necessarily pay them more relative to"}, {"start": "00:19:48", "end": "00:19:54", "text": "the competitors if it's you know two two"}, {"start": "00:19:51", "end": "00:19:56", "text": "different companies one could offer"}, {"start": "00:19:54", "end": "00:19:59", "text": "flexibility benefits at the same salary"}, {"start": "00:19:56", "end": "00:20:00", "text": "that might become a more attractive seat"}, {"start": "00:19:59", "end": "00:20:02", "text": "so you know you certainly do see that to"}, {"start": "00:20:00", "end": "00:20:03", "text": "some extent and then you have the big"}, {"start": "00:20:02", "end": "00:20:04", "text": "banks who are you know requiring"}, {"start": "00:20:03", "end": "00:20:06", "text": "everybody to come in and it's just been"}, {"start": "00:20:04", "end": "00:20:08", "text": "a bit of a sort of difference. We'll"}, {"start": "00:20:06", "end": "00:20:10", "text": "probably find some equilibrium"}, {"start": "00:20:08", "end": "00:20:12", "text": "eventually. So, I mean, I think what"}, {"start": "00:20:10", "end": "00:20:13", "text": "we'll see is an environment where"}, {"start": "00:20:12", "end": "00:20:15", "text": "especially because the younger"}, {"start": "00:20:13", "end": "00:20:17", "text": "generations seem to want to be more"}, {"start": "00:20:15", "end": "00:20:19", "text": "productive with their time. The days of"}, {"start": "00:20:17", "end": "00:20:21", "text": "coming in before your boss and leaving,"}, {"start": "00:20:19", "end": "00:20:23", "text": "you know, leaving after your boss, like"}, {"start": "00:20:21", "end": "00:20:26", "text": "that seems that seems to be over to some"}, {"start": "00:20:23", "end": "00:20:28", "text": "extent. Um, which is which is fine. It's"}, {"start": "00:20:26", "end": "00:20:30", "text": "just, you know, an evolving uh sort of"}, {"start": "00:20:28", "end": "00:20:32", "text": "younger generation. And I think what"}, {"start": "00:20:30", "end": "00:20:35", "text": "we'll see is, you know, productivity"}, {"start": "00:20:32", "end": "00:20:36", "text": "will probably continue to rise with AI."}, {"start": "00:20:35", "end": "00:20:39", "text": "You haven't really seen the benefits in"}, {"start": "00:20:36", "end": "00:20:40", "text": "the data broadly speaking yet. It's been"}, {"start": "00:20:39", "end": "00:20:42", "text": "very limited and I think it's because"}, {"start": "00:20:40", "end": "00:20:44", "text": "adoption rates across various industries"}, {"start": "00:20:42", "end": "00:20:47", "text": "are still pretty low, but that will very"}, {"start": "00:20:44", "end": "00:20:49", "text": "much likely change. It's just a much"}, {"start": "00:20:47", "end": "00:20:51", "text": "slower adoption pace than people"}, {"start": "00:20:49", "end": "00:20:53", "text": "thought. Earlier this year, there was"}, {"start": "00:20:51", "end": "00:20:55", "text": "real concern that AI was going to take"}, {"start": "00:20:53", "end": "00:20:56", "text": "over the the labor labor force and we"}, {"start": "00:20:55", "end": "00:20:58", "text": "were going to get a big rising"}, {"start": "00:20:56", "end": "00:20:59", "text": "unemployment rate. And it didn't pan out"}, {"start": "00:20:58", "end": "00:21:01", "text": "that way. And I don't think it"}, {"start": "00:20:59", "end": "00:21:03", "text": "necessarily will. I think the way it"}, {"start": "00:21:01", "end": "00:21:06", "text": "will pan out is people will gradually"}, {"start": "00:21:03", "end": "00:21:08", "text": "become more productive. Perhaps some job"}, {"start": "00:21:06", "end": "00:21:09", "text": "openings won't get filled because you"}, {"start": "00:21:08", "end": "00:21:12", "text": "know they realize AI can maybe do some"}, {"start": "00:21:09", "end": "00:21:14", "text": "of that work and then new jobs will be"}, {"start": "00:21:12", "end": "00:21:17", "text": "created as a result and it will just"}, {"start": "00:21:14", "end": "00:21:19", "text": "result in overall a better economy"}, {"start": "00:21:17", "end": "00:21:21", "text": "better labor force one where it's more"}, {"start": "00:21:19", "end": "00:21:23", "text": "productive unit labor costs come down or"}, {"start": "00:21:21", "end": "00:21:25", "text": "sort of the the costs associated with"}, {"start": "00:21:23", "end": "00:21:27", "text": "production and that's where you get you"}, {"start": "00:21:25", "end": "00:21:29", "text": "know further disinflationary trends."}, {"start": "00:21:27", "end": "00:21:30", "text": ">> I have 100% changed my mind. I used to"}, {"start": "00:21:29", "end": "00:21:31", "text": "think it was going to take all the jobs."}, {"start": "00:21:30", "end": "00:21:33", "text": "Now I think that it's going to create a"}, {"start": "00:21:31", "end": "00:21:34", "text": "ton of jobs and I just see it like we"}, {"start": "00:21:33", "end": "00:21:35", "text": "want to hire as many people as we can if"}, {"start": "00:21:34", "end": "00:21:36", "text": "they know how to use this technology"}, {"start": "00:21:35", "end": "00:21:36", "text": "because it makes it more productive,"}, {"start": "00:21:36", "end": "00:21:37", "text": "right?"}, {"start": "00:21:36", "end": "00:21:39", "text": ">> Totally."}, {"start": "00:21:37", "end": "00:21:41", "text": ">> What about Wars? He steps in now. He's"}, {"start": "00:21:39", "end": "00:21:42", "text": "going to run the Fed. Um he kind of"}, {"start": "00:21:41", "end": "00:21:44", "text": "completely changed the way he's going to"}, {"start": "00:21:42", "end": "00:21:46", "text": "communicate. He you know he he really"}, {"start": "00:21:44", "end": "00:21:49", "text": "was like policy wise actually didn't"}, {"start": "00:21:46", "end": "00:21:50", "text": "change much yet. Um but communication"}, {"start": "00:21:49", "end": "00:21:51", "text": "wise has changed a lot. How does that"}, {"start": "00:21:50", "end": "00:21:53", "text": "change your job or maybe other people"}, {"start": "00:21:51", "end": "00:21:54", "text": "who are paying attention to him?"}, {"start": "00:21:53", "end": "00:21:56", "text": ">> Yeah, that's been one of the most"}, {"start": "00:21:54", "end": "00:21:58", "text": "visible changes to start. Of course, you"}, {"start": "00:21:56", "end": "00:21:59", "text": "know, we we only had one meeting. So,"}, {"start": "00:21:58", "end": "00:22:01", "text": "we'll we'll certainly learn more about"}, {"start": "00:21:59", "end": "00:22:04", "text": "his style and his his actual preference"}, {"start": "00:22:01", "end": "00:22:05", "text": "for policy as we move through the next"}, {"start": "00:22:04", "end": "00:22:07", "text": "couple of meetings."}, {"start": "00:22:05", "end": "00:22:10", "text": "It it has important market implications"}, {"start": "00:22:07", "end": "00:22:11", "text": "because now one, we've become more data"}, {"start": "00:22:10", "end": "00:22:13", "text": "dependent. Every data print becomes a"}, {"start": "00:22:11", "end": "00:22:16", "text": "lot more important, including the June"}, {"start": "00:22:13", "end": "00:22:18", "text": "CPI print because"}, {"start": "00:22:16", "end": "00:22:20", "text": "that set up the the stage to potentially"}, {"start": "00:22:18", "end": "00:22:22", "text": "hike in July, which now no longer is"}, {"start": "00:22:20", "end": "00:22:24", "text": "like, you know, likely to happen at all."}, {"start": "00:22:22", "end": "00:22:26", "text": "But because we don't really know the"}, {"start": "00:22:24", "end": "00:22:28", "text": "path for the Fed, that makes every data"}, {"start": "00:22:26", "end": "00:22:30", "text": "point incrementally more important"}, {"start": "00:22:28", "end": "00:22:31", "text": "because we don't know exactly what"}, {"start": "00:22:30", "end": "00:22:33", "text": "they're going to do. So now we have to"}, {"start": "00:22:31", "end": "00:22:35", "text": "interpret the data, which isn't"}, {"start": "00:22:33", "end": "00:22:37", "text": "necessarily a bad thing. It's just going"}, {"start": "00:22:35", "end": "00:22:38", "text": "to create more volatility in markets."}, {"start": "00:22:37", "end": "00:22:40", "text": "Every data print is going to move"}, {"start": "00:22:38", "end": "00:22:42", "text": "markets, I would imagine, more than"}, {"start": "00:22:40", "end": "00:22:43", "text": "would otherwise be the case. You'll see"}, {"start": "00:22:42", "end": "00:22:45", "text": "rates moving pretty substantially,"}, {"start": "00:22:43", "end": "00:22:47", "text": "equities moving as a result because that"}, {"start": "00:22:45", "end": "00:22:48", "text": "legitimately changes the market's view"}, {"start": "00:22:47", "end": "00:22:50", "text": "about where policy is going to be. if"}, {"start": "00:22:48", "end": "00:22:52", "text": "they provided forward guidance, which is"}, {"start": "00:22:50", "end": "00:22:54", "text": "the the biggest thing that he seems to"}, {"start": "00:22:52", "end": "00:22:55", "text": "to want to change is, you know, the the"}, {"start": "00:22:54", "end": "00:22:58", "text": "Fed not really telling the market about"}, {"start": "00:22:55", "end": "00:23:00", "text": "where it's going to go into the future."}, {"start": "00:22:58", "end": "00:23:02", "text": "But in doing so, that just makes"}, {"start": "00:23:00", "end": "00:23:04", "text": "everything that evolves in the economy"}, {"start": "00:23:02", "end": "00:23:05", "text": "that much more important for markets."}, {"start": "00:23:04", "end": "00:23:07", "text": "So, we'll probably just see volatility"}, {"start": "00:23:05", "end": "00:23:10", "text": "pick up, assoc especially associated"}, {"start": "00:23:07", "end": "00:23:12", "text": "with anything that could dictate the"}, {"start": "00:23:10", "end": "00:23:16", "text": "path of policy into the future. Mhm. Do"}, {"start": "00:23:12", "end": "00:23:17", "text": "you feel like um he just wants to cut"}, {"start": "00:23:16", "end": "00:23:19", "text": "and he's just looking for any excuse to"}, {"start": "00:23:17", "end": "00:23:21", "text": "do that and now we go from July"}, {"start": "00:23:19", "end": "00:23:22", "text": "potential hike to the market will start"}, {"start": "00:23:21", "end": "00:23:24", "text": "saying, \"Hey, we know that that his"}, {"start": "00:23:22", "end": "00:23:25", "text": "default is he wants to cut. He's talked"}, {"start": "00:23:24", "end": "00:23:28", "text": "about it. The president put him in"}, {"start": "00:23:25", "end": "00:23:29", "text": "there. Um and now the data is starting"}, {"start": "00:23:28", "end": "00:23:30", "text": "to like give him the green light to be"}, {"start": "00:23:29", "end": "00:23:31", "text": "able to do it or do you feel like maybe"}, {"start": "00:23:30", "end": "00:23:33", "text": "there's still a little bit of kick the"}, {"start": "00:23:31", "end": "00:23:34", "text": "can down the road and let's wait to see,"}, {"start": "00:23:33", "end": "00:23:36", "text": "you know, what's going to happen?\""}, {"start": "00:23:34", "end": "00:23:38", "text": ">> I don't think cuts are on his mind right"}, {"start": "00:23:36", "end": "00:23:39", "text": "now. I think he's legitimately"}, {"start": "00:23:38", "end": "00:23:41", "text": "deliberating whether the Fed's going to"}, {"start": "00:23:39", "end": "00:23:43", "text": "have to hike or not. My sense is he"}, {"start": "00:23:41", "end": "00:23:45", "text": "would prefer not to have to go ahead and"}, {"start": "00:23:43", "end": "00:23:47", "text": "do the hikes, but I don't doubt that he"}, {"start": "00:23:45", "end": "00:23:49", "text": "would do it if he felt that the data"}, {"start": "00:23:47", "end": "00:23:51", "text": "really warranted it. Now, with the most"}, {"start": "00:23:49", "end": "00:23:54", "text": "recent two important prints, payrolls"}, {"start": "00:23:51", "end": "00:23:56", "text": "and then inflation, it seems, you know,"}, {"start": "00:23:54", "end": "00:23:57", "text": "there there's the data are moving in the"}, {"start": "00:23:56", "end": "00:23:59", "text": "right direction such that they could"}, {"start": "00:23:57", "end": "00:24:01", "text": "potentially hold off. But I I wouldn't"}, {"start": "00:23:59", "end": "00:24:03", "text": "be surprised if he actually went ahead"}, {"start": "00:24:01", "end": "00:24:04", "text": "and did it in September if the data"}, {"start": "00:24:03", "end": "00:24:05", "text": "warranted it. Now,"}, {"start": "00:24:04", "end": "00:24:08", "text": ">> did a hike"}, {"start": "00:24:05", "end": "00:24:09", "text": ">> did a hike. A cut is very far from now."}, {"start": "00:24:08", "end": "00:24:10", "text": "I don't think they're going to hike cut"}, {"start": "00:24:09", "end": "00:24:12", "text": "anytime this year."}, {"start": "00:24:10", "end": "00:24:13", "text": ">> Interesting. I think he's definitely"}, {"start": "00:24:12", "end": "00:24:16", "text": "going to try to cut. I don't know if"}, {"start": "00:24:13", "end": "00:24:17", "text": "he'll get it done, but I think um I"}, {"start": "00:24:16", "end": "00:24:19", "text": "think I just generally think most people"}, {"start": "00:24:17", "end": "00:24:21", "text": "are significantly"}, {"start": "00:24:19", "end": "00:24:22", "text": "uh"}, {"start": "00:24:21", "end": "00:24:25", "text": "this an interesting way to think about"}, {"start": "00:24:22", "end": "00:24:28", "text": "it. So, [snorts] in 2020"}, {"start": "00:24:25", "end": "00:24:30", "text": "through 2022 time period, we went from,"}, {"start": "00:24:28", "end": "00:24:33", "text": "you know, very very low inflation to 9"}, {"start": "00:24:30", "end": "00:24:35", "text": "plus% on the official numbers. And we"}, {"start": "00:24:33", "end": "00:24:36", "text": "have a lot of recency bias. And I think"}, {"start": "00:24:35", "end": "00:24:37", "text": "that like when I see people talking"}, {"start": "00:24:36", "end": "00:24:39", "text": "online specifically, they just think"}, {"start": "00:24:37", "end": "00:24:40", "text": "that's like normal. Like you know,"}, {"start": "00:24:39", "end": "00:24:42", "text": "inflation goes to like 9%, it comes"}, {"start": "00:24:40", "end": "00:24:44", "text": "down, it goes back to 9%. Like I'm like,"}, {"start": "00:24:42", "end": "00:24:45", "text": "do you understand that this is like a"}, {"start": "00:24:44", "end": "00:24:48", "text": "once in a literally for you and I once"}, {"start": "00:24:45", "end": "00:24:49", "text": "in a lifetime that that happened? Uh the"}, {"start": "00:24:48", "end": "00:24:50", "text": "last time it happened, we weren't even"}, {"start": "00:24:49", "end": "00:24:52", "text": "born."}, {"start": "00:24:50", "end": "00:24:54", "text": ">> Could it happen again? Sure. But is it"}, {"start": "00:24:52", "end": "00:24:56", "text": "likely? Definitely not. And so the"}, {"start": "00:24:54", "end": "00:24:58", "text": "second that there's like any sort of"}, {"start": "00:24:56", "end": "00:24:59", "text": "like inflationary type pressure, take uh"}, {"start": "00:24:58", "end": "00:25:00", "text": "you know, tariffs I think people thought"}, {"start": "00:24:59", "end": "00:25:02", "text": "were going to be inflationary. They"}, {"start": "00:25:00", "end": "00:25:04", "text": "thought that the Ron Warren energy"}, {"start": "00:25:02", "end": "00:25:06", "text": "prices, it's not like, oh, we're going"}, {"start": "00:25:04", "end": "00:25:08", "text": "to go from like 2 and 1/2 to 3 and 1/2."}, {"start": "00:25:06", "end": "00:25:10", "text": "It's a mere like 2 and 1 half to 10,"}, {"start": "00:25:08", "end": "00:25:11", "text": "right? Like that is the mentality that I"}, {"start": "00:25:10", "end": "00:25:13", "text": "see online. And again, the internet"}, {"start": "00:25:11", "end": "00:25:15", "text": "isn't a perfect proxy for all of Wall"}, {"start": "00:25:13", "end": "00:25:17", "text": "Street or e-commerce, whatever. But like"}, {"start": "00:25:15", "end": "00:25:19", "text": "it does feel like we live in such a"}, {"start": "00:25:17", "end": "00:25:21", "text": "binary world that nobody thinks about"}, {"start": "00:25:19", "end": "00:25:22", "text": "like, oh, we're going to slightly"}, {"start": "00:25:21", "end": "00:25:25", "text": "increase. They just immediately go to"}, {"start": "00:25:22", "end": "00:25:27", "text": "like sky-high inflation. The opposite is"}, {"start": "00:25:25", "end": "00:25:29", "text": "also true, right? where I think that"}, {"start": "00:25:27", "end": "00:25:30", "text": "there's a lot of folks who are saying"}, {"start": "00:25:29", "end": "00:25:32", "text": "okay if inflation is starting to come"}, {"start": "00:25:30", "end": "00:25:36", "text": "down they think inflation is going to be"}, {"start": "00:25:32", "end": "00:25:39", "text": "you know zero or 1% overnight but if it"}, {"start": "00:25:36", "end": "00:25:40", "text": "starts to trickle down I think that the"}, {"start": "00:25:39", "end": "00:25:43", "text": "definitely the administration and"}, {"start": "00:25:40", "end": "00:25:45", "text": "probably Wars himself they just believe"}, {"start": "00:25:43", "end": "00:25:46", "text": "that the Fed cut is not nearly as"}, {"start": "00:25:45", "end": "00:25:49", "text": "inflationary as maybe other"}, {"start": "00:25:46", "end": "00:25:51", "text": "administrations have thought and so it"}, {"start": "00:25:49", "end": "00:25:52", "text": "just feels like he is looking for an"}, {"start": "00:25:51", "end": "00:25:54", "text": "excuse to me to go ahead and make a cut"}, {"start": "00:25:52", "end": "00:25:55", "text": "and if he can get one done before the"}, {"start": "00:25:54", "end": "00:25:56", "text": "end of the year you know the guy sitt in"}, {"start": "00:25:55", "end": "00:25:57", "text": "the white I'll probably be pretty happy"}, {"start": "00:25:56", "end": "00:25:58", "text": "with them."}, {"start": "00:25:57", "end": "00:26:00", "text": ">> See, I actually would take the other"}, {"start": "00:25:58", "end": "00:26:02", "text": "view. I think if if there's a scenario"}, {"start": "00:26:00", "end": "00:26:03", "text": "where the Fed is cutting this year, I"}, {"start": "00:26:02", "end": "00:26:05", "text": "don't think the White House is going to"}, {"start": "00:26:03", "end": "00:26:05", "text": "be very happy with where the economy is."}, {"start": "00:26:05", "end": "00:26:07", "text": ">> Okay. Why?"}, {"start": "00:26:05", "end": "00:26:10", "text": ">> Because the environment this year where"}, {"start": "00:26:07", "end": "00:26:12", "text": "the Fed is cutting means you have some"}, {"start": "00:26:10", "end": "00:26:13", "text": "real weakening in the labor market data."}, {"start": "00:26:12", "end": "00:26:16", "text": "There's a there's a scenario where in"}, {"start": "00:26:13", "end": "00:26:18", "text": "2027 things go really well, inflation"}, {"start": "00:26:16", "end": "00:26:20", "text": "comes down, then the Fed can cut for"}, {"start": "00:26:18", "end": "00:26:21", "text": "good reasons. If they do it this year, I"}, {"start": "00:26:20", "end": "00:26:23", "text": "don't think it's going to be for reasons"}, {"start": "00:26:21", "end": "00:26:25", "text": "that anyone's going to be particularly"}, {"start": "00:26:23", "end": "00:26:27", "text": "happy with because we've had we have"}, {"start": "00:26:25", "end": "00:26:29", "text": "inflation has been above target for"}, {"start": "00:26:27", "end": "00:26:31", "text": "years. The Fed isn't going to be"}, {"start": "00:26:29", "end": "00:26:32", "text": "comfortable cutting interest rates"}, {"start": "00:26:31", "end": "00:26:34", "text": "unless they start to see weakness in the"}, {"start": "00:26:32", "end": "00:26:35", "text": "labor market."}, {"start": "00:26:34", "end": "00:26:37", "text": ">> And right now we've seen a labor market"}, {"start": "00:26:35", "end": "00:26:38", "text": "that's pretty stable. So the only way"}, {"start": "00:26:37", "end": "00:26:40", "text": "that would the only thing this year that"}, {"start": "00:26:38", "end": "00:26:42", "text": "could get them to cut is because they"}, {"start": "00:26:40", "end": "00:26:44", "text": "see weakening in the labor market."}, {"start": "00:26:42", "end": "00:26:47", "text": ">> Yeah. So I guess that's the that's the"}, {"start": "00:26:44", "end": "00:26:49", "text": "big question is could they cut without"}, {"start": "00:26:47", "end": "00:26:51", "text": "that being the reason? And I I"}, {"start": "00:26:49", "end": "00:26:53", "text": "definitely agree most people if I was to"}, {"start": "00:26:51", "end": "00:26:55", "text": "ask them would say that would be the"}, {"start": "00:26:53", "end": "00:26:57", "text": "only way that they would make their the"}, {"start": "00:26:55", "end": "00:26:59", "text": "uh uh the argument."}, {"start": "00:26:57", "end": "00:27:00", "text": "I just have in the back of my head I"}, {"start": "00:26:59", "end": "00:27:01", "text": "don't know why and and I could be"}, {"start": "00:27:00", "end": "00:27:02", "text": "completely wrong by the end of this,"}, {"start": "00:27:01", "end": "00:27:04", "text": "right? But I I just have in the back of"}, {"start": "00:27:02", "end": "00:27:06", "text": "my head that they are big believers that"}, {"start": "00:27:04", "end": "00:27:08", "text": "the AI stuff and and there's like this"}, {"start": "00:27:06", "end": "00:27:10", "text": "like big disinflationary force. I also"}, {"start": "00:27:08", "end": "00:27:12", "text": "think that they believe um some of this"}, {"start": "00:27:10", "end": "00:27:14", "text": "is not economic policy. it's actually uh"}, {"start": "00:27:12", "end": "00:27:16", "text": "kind of governance and then they're"}, {"start": "00:27:14", "end": "00:27:18", "text": "trying to make an econ argument that a"}, {"start": "00:27:16", "end": "00:27:20", "text": "lot of the uh deportations are highly"}, {"start": "00:27:18", "end": "00:27:21", "text": "disinflationary as well. And so what"}, {"start": "00:27:20", "end": "00:27:23", "text": "they're essentially saying is like hey"}, {"start": "00:27:21", "end": "00:27:24", "text": "we know we're going to keep doing the"}, {"start": "00:27:23", "end": "00:27:26", "text": "big immigration push. We know that a lot"}, {"start": "00:27:24", "end": "00:27:29", "text": "of this AI stuff's coming. We're going"}, {"start": "00:27:26", "end": "00:27:30", "text": "to cut in anticipation. [snorts] Now"}, {"start": "00:27:29", "end": "00:27:32", "text": "again you kind of smirk right I think"}, {"start": "00:27:30", "end": "00:27:34", "text": "there's a lot of people who are like ah"}, {"start": "00:27:32", "end": "00:27:37", "text": "we're starting to get into like you know"}, {"start": "00:27:34", "end": "00:27:38", "text": "theory land but I I just feel like that"}, {"start": "00:27:37", "end": "00:27:40", "text": "is much more on the table than it"}, {"start": "00:27:38", "end": "00:27:42", "text": "definitely was under Powell or anybody"}, {"start": "00:27:40", "end": "00:27:44", "text": "else. And so the hard part for me for"}, {"start": "00:27:42", "end": "00:27:46", "text": "evaluating this is like what are they"}, {"start": "00:27:44", "end": "00:27:49", "text": "willing to do? How experimental are they"}, {"start": "00:27:46", "end": "00:27:50", "text": "willing to be versus the Fed usually is"}, {"start": "00:27:49", "end": "00:27:52", "text": "just like show me the data. It's kind of"}, {"start": "00:27:50", "end": "00:27:54", "text": "formulaic and we're just going to make"}, {"start": "00:27:52", "end": "00:27:55", "text": "decisions. We're going to telegraph what"}, {"start": "00:27:54", "end": "00:27:56", "text": "we're going to do. Like that's a very"}, {"start": "00:27:55", "end": "00:27:57", "text": "different approach than I think wars"}, {"start": "00:27:56", "end": "00:27:59", "text": "coming in just being like I'm not going"}, {"start": "00:27:57", "end": "00:28:01", "text": "to tell you guys anything and you know"}, {"start": "00:27:59", "end": "00:28:03", "text": "you'll find out next meeting."}, {"start": "00:28:01", "end": "00:28:04", "text": ">> Yeah. I mean it's an interesting point"}, {"start": "00:28:03", "end": "00:28:07", "text": "of view. I think there's a scenario"}, {"start": "00:28:04", "end": "00:28:09", "text": "where you can get the cuts because of AI"}, {"start": "00:28:07", "end": "00:28:11", "text": "related disinflation and positive"}, {"start": "00:28:09", "end": "00:28:12", "text": "trends. I just don't think it can be"}, {"start": "00:28:11", "end": "00:28:15", "text": "this year given we're sitting here in"}, {"start": "00:28:12", "end": "00:28:16", "text": "July. Inflation is still running"}, {"start": "00:28:15", "end": "00:28:21", "text": "depending on which measure somewhere"}, {"start": "00:28:16", "end": "00:28:23", "text": "around 3%. Uh on core which is pretty"}, {"start": "00:28:21", "end": "00:28:24", "text": "far from their target. It's you know 100"}, {"start": "00:28:23", "end": "00:28:26", "text": "basis points if not a little bit more on"}, {"start": "00:28:24", "end": "00:28:28", "text": "core PCE. It's not going to get down to"}, {"start": "00:28:26", "end": "00:28:29", "text": "their target. [clears throat]"}, {"start": "00:28:28", "end": "00:28:31", "text": ">> Agreed. Agreed on that."}, {"start": "00:28:29", "end": "00:28:33", "text": ">> So will they change their target?"}, {"start": "00:28:31", "end": "00:28:34", "text": ">> No. And worst, they could eventually,"}, {"start": "00:28:33", "end": "00:28:36", "text": "but worse specifically said, and I agree"}, {"start": "00:28:34", "end": "00:28:38", "text": "with this, you know, basically we're not"}, {"start": "00:28:36", "end": "00:28:39", "text": "changing our target until we're back to"}, {"start": "00:28:38", "end": "00:28:40", "text": "our target."}, {"start": "00:28:39", "end": "00:28:42", "text": ">> That would be"}, {"start": "00:28:40", "end": "00:28:43", "text": ">> we're not going to surrender."}, {"start": "00:28:42", "end": "00:28:45", "text": ">> Correct. Because you know what would"}, {"start": "00:28:43", "end": "00:28:46", "text": "happen in that scenario? Going back to"}, {"start": "00:28:45", "end": "00:28:48", "text": "your comment earlier about inflation"}, {"start": "00:28:46", "end": "00:28:50", "text": "expectations or people's view about"}, {"start": "00:28:48", "end": "00:28:51", "text": "inflation into the future,"}, {"start": "00:28:50", "end": "00:28:53", "text": ">> if people think inflation is going to"}, {"start": "00:28:51", "end": "00:28:54", "text": "pick up in the future, they tend to buy"}, {"start": "00:28:53", "end": "00:28:55", "text": "a lot today, of course,"}, {"start": "00:28:54", "end": "00:28:56", "text": ">> and that makes inflation even worse."}, {"start": "00:28:55", "end": "00:28:57", "text": "Yep."}, {"start": "00:28:56", "end": "00:28:59", "text": ">> So, they need to be really careful about"}, {"start": "00:28:57", "end": "00:29:02", "text": "inflation expectations and keeping those"}, {"start": "00:28:59", "end": "00:29:04", "text": "anchored. And if they if they change the"}, {"start": "00:29:02", "end": "00:29:07", "text": "inflation target in the middle of the"}, {"start": "00:29:04", "end": "00:29:08", "text": "game, like that's gonna be a problem for"}, {"start": "00:29:07", "end": "00:29:11", "text": ">> I wonder if they don't officially change"}, {"start": "00:29:08", "end": "00:29:13", "text": "it, but like they've just come to terms"}, {"start": "00:29:11", "end": "00:29:15", "text": "with we're going to run this at 2 and a"}, {"start": "00:29:13", "end": "00:29:17", "text": "half to 3% and like that's the new"}, {"start": "00:29:15", "end": "00:29:19", "text": "unofficial target and like we're cool"}, {"start": "00:29:17", "end": "00:29:20", "text": "staying there, but they never actually"}, {"start": "00:29:19", "end": "00:29:21", "text": "officially announce it. There's some"}, {"start": "00:29:20", "end": "00:29:23", "text": "people who definitely think they'll"}, {"start": "00:29:21", "end": "00:29:25", "text": "officially announce it. I don't even"}, {"start": "00:29:23", "end": "00:29:26", "text": "know if that they need to do that as"}, {"start": "00:29:25", "end": "00:29:27", "text": "much as like if just internally they're"}, {"start": "00:29:26", "end": "00:29:29", "text": "like we're cool with two and a half to"}, {"start": "00:29:27", "end": "00:29:31", "text": "3%."}, {"start": "00:29:29", "end": "00:29:32", "text": "Then like do they think they're winning?"}, {"start": "00:29:31", "end": "00:29:33", "text": "You know, if they're sitting in that"}, {"start": "00:29:32", "end": "00:29:35", "text": "range, I I don't know."}, {"start": "00:29:33", "end": "00:29:37", "text": ">> I mean, I I I I guess I would take like"}, {"start": "00:29:35", "end": "00:29:39", "text": "50 basis points lower on your range. I"}, {"start": "00:29:37", "end": "00:29:41", "text": "think they could be in a scenario where"}, {"start": "00:29:39", "end": "00:29:41", "text": "they're okay with two to two and a half."}, {"start": "00:29:41", "end": "00:29:43", "text": ">> Okay."}, {"start": "00:29:41", "end": "00:29:45", "text": ">> We're still we're still big. Like that"}, {"start": "00:29:43", "end": "00:29:46", "text": "would be a big change from the way that"}, {"start": "00:29:45", "end": "00:29:48", "text": "they've historically operated."}, {"start": "00:29:46", "end": "00:29:50", "text": ">> Yeah. And that would be that I think is"}, {"start": "00:29:48", "end": "00:29:52", "text": "like is a more appropriate change. And"}, {"start": "00:29:50", "end": "00:29:53", "text": "realistically, you're right. They're not"}, {"start": "00:29:52", "end": "00:29:54", "text": "going to come out and say we've changed"}, {"start": "00:29:53", "end": "00:29:56", "text": "our target. But they could potenti if"}, {"start": "00:29:54", "end": "00:29:58", "text": "they're cutting at the end of 2027 and"}, {"start": "00:29:56", "end": "00:30:00", "text": "inflation is still probably not back"}, {"start": "00:29:58", "end": "00:30:02", "text": "down to 2%, you know, that could be a"}, {"start": "00:30:00", "end": "00:30:04", "text": "signal of that. But if they did it this"}, {"start": "00:30:02", "end": "00:30:05", "text": "year"}, {"start": "00:30:04", "end": "00:30:06", "text": "and it's almost impossible for the"}, {"start": "00:30:05", "end": "00:30:08", "text": "year-over-year inflation to get back"}, {"start": "00:30:06", "end": "00:30:08", "text": "down to anything that's palatable."}, {"start": "00:30:08", "end": "00:30:11", "text": ">> Mhm."}, {"start": "00:30:08", "end": "00:30:13", "text": ">> Um but I think even even if they don't"}, {"start": "00:30:11", "end": "00:30:15", "text": "end up cutting this year, if if they"}, {"start": "00:30:13", "end": "00:30:17", "text": "don't end up hiking, that would be"}, {"start": "00:30:15", "end": "00:30:18", "text": "easing for the market and that would be"}, {"start": "00:30:17", "end": "00:30:20", "text": "an environment where rates will end up"}, {"start": "00:30:18", "end": "00:30:21", "text": "coming down because hikes are priced in"}, {"start": "00:30:20", "end": "00:30:22", "text": "to the market. So they have to get"}, {"start": "00:30:21", "end": "00:30:24", "text": "priced out which would mean rates come"}, {"start": "00:30:22", "end": "00:30:26", "text": "down and that would ease financial"}, {"start": "00:30:24", "end": "00:30:27", "text": "conditions and help markets and that"}, {"start": "00:30:26", "end": "00:30:29", "text": "would be one of the most positive"}, {"start": "00:30:27", "end": "00:30:31", "text": "scenarios I think you could sort of"}, {"start": "00:30:29", "end": "00:30:33", "text": "argue for in a situation where inflation"}, {"start": "00:30:31", "end": "00:30:35", "text": "just naturally cools over the summer."}, {"start": "00:30:33", "end": "00:30:37", "text": "Labor market data stays solid. The Fed"}, {"start": "00:30:35", "end": "00:30:39", "text": "has no urgency to hike. If we get past"}, {"start": "00:30:37", "end": "00:30:41", "text": "the September meeting, they don't end up"}, {"start": "00:30:39", "end": "00:30:42", "text": "hiking. Then they probably don't have to"}, {"start": "00:30:41", "end": "00:30:45", "text": "go at all because that just means the"}, {"start": "00:30:42", "end": "00:30:46", "text": "data have been cooperating. Chances are"}, {"start": "00:30:45", "end": "00:30:47", "text": "we'll still continue to cooperate. The"}, {"start": "00:30:46", "end": "00:30:49", "text": "back part of the year tends to have"}, {"start": "00:30:47", "end": "00:30:50", "text": "lower inflation than the beginning part"}, {"start": "00:30:49", "end": "00:30:52", "text": "of the year. and [snorts] then you're"}, {"start": "00:30:50", "end": "00:30:53", "text": "probably out of the woods of that and"}, {"start": "00:30:52", "end": "00:30:55", "text": "then then you could start then the"}, {"start": "00:30:53", "end": "00:30:57", "text": "market can start thinking about when"}, {"start": "00:30:55", "end": "00:30:58", "text": "when can the Fed actually be cutting."}, {"start": "00:30:57", "end": "00:31:00", "text": ">> You don't have a crystal ball. Neither"}, {"start": "00:30:58", "end": "00:31:05", "text": "do I. But if we go back to the 2024"}, {"start": "00:31:00", "end": "00:31:08", "text": "election, the incoming presidential uh"}, {"start": "00:31:05", "end": "00:31:10", "text": "party were very accusatory of Powell"}, {"start": "00:31:08", "end": "00:31:11", "text": "cutting rates going into the election"}, {"start": "00:31:10", "end": "00:31:14", "text": "because they felt like he was"}, {"start": "00:31:11", "end": "00:31:16", "text": "politicizing and juicing and all stuff."}, {"start": "00:31:14", "end": "00:31:18", "text": "As fate may have it, we now find"}, {"start": "00:31:16", "end": "00:31:20", "text": "ourselves with [laughter] another"}, {"start": "00:31:18", "end": "00:31:22", "text": "election. Now there's a different guy"}, {"start": "00:31:20", "end": "00:31:25", "text": "running the uh the Fed. Is there any"}, {"start": "00:31:22", "end": "00:31:27", "text": "world where they cut rates and it is"}, {"start": "00:31:25", "end": "00:31:28", "text": "done to juice the market and try to"}, {"start": "00:31:27", "end": "00:31:30", "text": "affect the election?"}, {"start": "00:31:28", "end": "00:31:32", "text": ">> I think if they cut rates and it's seen"}, {"start": "00:31:30", "end": "00:31:34", "text": "like let's say let's say incredibly"}, {"start": "00:31:32", "end": "00:31:36", "text": "unlikely. Let's just say the July"}, {"start": "00:31:34", "end": "00:31:38", "text": "meeting or September meeting they come"}, {"start": "00:31:36", "end": "00:31:39", "text": "in they cut rates unexpectedly. I think"}, {"start": "00:31:38", "end": "00:31:40", "text": "that would be very negative for markets."}, {"start": "00:31:39", "end": "00:31:42", "text": "I don't even think that's the outcome"}, {"start": "00:31:40", "end": "00:31:45", "text": "that the administration would want"}, {"start": "00:31:42", "end": "00:31:46", "text": ">> because what you would see is uh an"}, {"start": "00:31:45", "end": "00:31:50", "text": "environment where the market sees the"}, {"start": "00:31:46", "end": "00:31:53", "text": "Fed as not independent and a Fed that"}, {"start": "00:31:50", "end": "00:31:54", "text": "risks having a severe inflation problem"}, {"start": "00:31:53", "end": "00:31:56", "text": "and therefore I don't think it would be"}, {"start": "00:31:54", "end": "00:31:58", "text": "very good for risk assets. So I don't"}, {"start": "00:31:56", "end": "00:31:59", "text": "even know if that's a scenario worth"}, {"start": "00:31:58", "end": "00:32:00", "text": "hoping for"}, {"start": "00:31:59", "end": "00:32:01", "text": ">> because"}, {"start": "00:32:00", "end": "00:32:03", "text": ">> I have no clue what they're hoping for,"}, {"start": "00:32:01", "end": "00:32:04", "text": "right? But [laughter] like I don't I"}, {"start": "00:32:03", "end": "00:32:06", "text": "don't think that's even one that they"}, {"start": "00:32:04", "end": "00:32:07", "text": "would want to pressure Wors to do. And I"}, {"start": "00:32:06", "end": "00:32:09", "text": "would imagine Wars would very much push"}, {"start": "00:32:07", "end": "00:32:11", "text": "back because he he understands the"}, {"start": "00:32:09", "end": "00:32:13", "text": "market dynamics here. And I think even"}, {"start": "00:32:11", "end": "00:32:14", "text": "if he were he were to be pressured to do"}, {"start": "00:32:13", "end": "00:32:16", "text": "something like that, I think he would"}, {"start": "00:32:14", "end": "00:32:19", "text": "immediately push back and say"}, {"start": "00:32:16", "end": "00:32:20", "text": ">> the best way to bring down rates, which"}, {"start": "00:32:19", "end": "00:32:22", "text": "is ultimately what you want to do. And"}, {"start": "00:32:20", "end": "00:32:24", "text": "by the way, nobody pays the federal"}, {"start": "00:32:22", "end": "00:32:25", "text": "funds rate, right? People pay the"}, {"start": "00:32:24", "end": "00:32:27", "text": "10-year rate realistically or, you know,"}, {"start": "00:32:25", "end": "00:32:29", "text": "rates that are further further further"}, {"start": "00:32:27", "end": "00:32:30", "text": "to rate out on the duration."}, {"start": "00:32:29", "end": "00:32:31", "text": ">> [snorts]"}, {"start": "00:32:30", "end": "00:32:34", "text": ">> And I think what he he probably told the"}, {"start": "00:32:31", "end": "00:32:36", "text": "president before his first meeting was"}, {"start": "00:32:34", "end": "00:32:39", "text": "if we come out and we we establish our"}, {"start": "00:32:36", "end": "00:32:41", "text": "credibility and independence and come"}, {"start": "00:32:39", "end": "00:32:43", "text": "across even as a little bit hawkish that"}, {"start": "00:32:41", "end": "00:32:44", "text": "will bring down long- end rates"}, {"start": "00:32:43", "end": "00:32:45", "text": ">> which is effectively what you want to"}, {"start": "00:32:44", "end": "00:32:46", "text": "accomplish here because that's what"}, {"start": "00:32:45", "end": "00:32:48", "text": "matters. That's what's mortgage rates"}, {"start": "00:32:46", "end": "00:32:50", "text": "are anchored off of. That's what"}, {"start": "00:32:48", "end": "00:32:52", "text": "businesses are borrowing off of. So if"}, {"start": "00:32:50", "end": "00:32:53", "text": "we come across as credible that will"}, {"start": "00:32:52", "end": "00:32:55", "text": "actually bring down rates because that"}, {"start": "00:32:53", "end": "00:32:57", "text": "reduces the risk that we have some"}, {"start": "00:32:55", "end": "00:33:00", "text": "inflation spiral into the future."}, {"start": "00:32:57", "end": "00:33:02", "text": ">> Mhm. So coming across as credible and"}, {"start": "00:33:00", "end": "00:33:05", "text": "independent is is probably more"}, {"start": "00:33:02", "end": "00:33:07", "text": "important than a a cut or two that's"}, {"start": "00:33:05", "end": "00:33:09", "text": "unnecessary or one that's not really"}, {"start": "00:33:07", "end": "00:33:10", "text": "appropriate given the economic"}, {"start": "00:33:09", "end": "00:33:11", "text": "conditions today."}, {"start": "00:33:10", "end": "00:33:12", "text": ">> All right guys, let's talk about"}, {"start": "00:33:11", "end": "00:33:14", "text": "something that's actually moving the"}, {"start": "00:33:12", "end": "00:33:16", "text": "needle in crypto right now. And that's"}, {"start": "00:33:14", "end": "00:33:18", "text": "my guys over at Arch Public. These guys"}, {"start": "00:33:16", "end": "00:33:19", "text": "are killing it. They continue to lead"}, {"start": "00:33:18", "end": "00:33:20", "text": "the way in everything that's got to"}, {"start": "00:33:19", "end": "00:33:22", "text": "[music] do with aic trading. And"}, {"start": "00:33:20", "end": "00:33:23", "text": "everyone knows this. Nothing else is"}, {"start": "00:33:22", "end": "00:33:26", "text": "being talked about in the market other"}, {"start": "00:33:23", "end": "00:33:27", "text": "than let your AI agents trade whatever"}, {"start": "00:33:26", "end": "00:33:30", "text": "asset you want. Now, with the addition"}, {"start": "00:33:27", "end": "00:33:32", "text": "of ArchAI, the market wave algorithm,"}, {"start": "00:33:30", "end": "00:33:33", "text": "and their tax harvest tool, they have"}, {"start": "00:33:32", "end": "00:33:35", "text": "turned this into a true one-stop shop"}, {"start": "00:33:33", "end": "00:33:38", "text": "for automated trading. They have now"}, {"start": "00:33:35", "end": "00:33:39", "text": "over 25,000 users. That includes several"}, {"start": "00:33:38", "end": "00:33:41", "text": "corporate treasuries, asset managers,"}, {"start": "00:33:39", "end": "00:33:43", "text": "and businesses. And so, the testing"}, {"start": "00:33:41", "end": "00:33:45", "text": "phase for Arch Public, that is over."}, {"start": "00:33:43", "end": "00:33:47", "text": "They have perfected how to automate"}, {"start": "00:33:45", "end": "00:33:49", "text": "advanced trading strategies without ever"}, {"start": "00:33:47", "end": "00:33:51", "text": "taking custody or asking you for your"}, {"start": "00:33:49", "end": "00:33:53", "text": "private keys. It's a big deal,"}, {"start": "00:33:51", "end": "00:33:55", "text": "obviously. So, Arch Public is an action"}, {"start": "00:33:53", "end": "00:33:57", "text": "speak louder than words type [music]"}, {"start": "00:33:55", "end": "00:33:59", "text": "company. That's what I like to see. They"}, {"start": "00:33:57", "end": "00:34:01", "text": "give every user access to their platform"}, {"start": "00:33:59", "end": "00:34:02", "text": "absolutely free. You get to test it. You"}, {"start": "00:34:01", "end": "00:34:04", "text": "run the strategies. You watch the"}, {"start": "00:34:02", "end": "00:34:06", "text": "performance in real time. [music] And"}, {"start": "00:34:04", "end": "00:34:08", "text": "then only after all of that do you put"}, {"start": "00:34:06", "end": "00:34:10", "text": "real money in to go put it to work when"}, {"start": "00:34:08", "end": "00:34:12", "text": "you're 100% comfortable. That's it. No"}, {"start": "00:34:10", "end": "00:34:14", "text": "pressure, no hidden fees, no gotchas,"}, {"start": "00:34:12", "end": "00:34:16", "text": "none of that nonsense. Go to"}, {"start": "00:34:14", "end": "00:34:17", "text": "archpubic.com right now and you [music]"}, {"start": "00:34:16", "end": "00:34:19", "text": "can get started for free. Once you see"}, {"start": "00:34:17", "end": "00:34:21", "text": "how you can accumulate and manage crypto"}, {"start": "00:34:19", "end": "00:34:24", "text": "this way, you'll never trade the same"}, {"start": "00:34:21", "end": "00:34:26", "text": "again. archpubic.com. Go check them out"}, {"start": "00:34:24", "end": "00:34:26", "text": "today."}, {"start": "00:34:27", "end": "00:34:30", "text": "Today's episode is brought to you by"}, {"start": "00:34:28", "end": "00:34:32", "text": "Simple Mining. Bitcoin mining has a"}, {"start": "00:34:30", "end": "00:34:33", "text": "reputation for being complicated, risky,"}, {"start": "00:34:32", "end": "00:34:35", "text": "and hard to evaluate as a real"}, {"start": "00:34:33", "end": "00:34:38", "text": "investment. If you're considering mining"}, {"start": "00:34:35", "end": "00:34:40", "text": "in 2026, what actually matters isn't"}, {"start": "00:34:38", "end": "00:34:41", "text": "headline profitability. It's uptime,"}, {"start": "00:34:40", "end": "00:34:43", "text": "repairs, [music] and whether the"}, {"start": "00:34:41", "end": "00:34:45", "text": "operation is run like a real business."}, {"start": "00:34:43", "end": "00:34:47", "text": "That's why I've been using Simple"}, {"start": "00:34:45", "end": "00:34:48", "text": "Mining. They're based in Cedar Falls,"}, {"start": "00:34:47", "end": "00:34:50", "text": "Iowa, [music] and they run a white glove"}, {"start": "00:34:48", "end": "00:34:52", "text": "hosting operation where you own your"}, {"start": "00:34:50", "end": "00:34:54", "text": "miners. You choose your own pool and you"}, {"start": "00:34:52", "end": "00:34:56", "text": "have Bitcoin sent directly to your"}, {"start": "00:34:54", "end": "00:34:58", "text": "wallet. They were featured on the Inc."}, {"start": "00:34:56", "end": "00:35:00", "text": "5000 list as the fastest growing company"}, {"start": "00:34:58", "end": "00:35:02", "text": "in Iowa with over 40,000 machines under"}, {"start": "00:35:00", "end": "00:35:04", "text": "management. What [music] stands out to"}, {"start": "00:35:02", "end": "00:35:06", "text": "me is execution. They have the number"}, {"start": "00:35:04", "end": "00:35:08", "text": "one rated ASIC repair center. And for"}, {"start": "00:35:06", "end": "00:35:10", "text": "the first 12 months, repairs are"}, {"start": "00:35:08", "end": "00:35:12", "text": "included. If mining margins get tight,"}, {"start": "00:35:10", "end": "00:35:13", "text": "you can pause with no penalties. And if"}, {"start": "00:35:12", "end": "00:35:15", "text": "you want to resize or upgrade your"}, {"start": "00:35:13", "end": "00:35:17", "text": "fleet, there's a [music] marketplace to"}, {"start": "00:35:15", "end": "00:35:18", "text": "resell equipment instead of being stuck."}, {"start": "00:35:17", "end": "00:35:20", "text": "to help people think it through whether"}, {"start": "00:35:18", "end": "00:35:22", "text": "mining actually makes sense right now."}, {"start": "00:35:20", "end": "00:35:24", "text": "They put together a short resource"}, {"start": "00:35:22", "end": "00:35:25", "text": "called [music] the 2026 Bitcoin mining"}, {"start": "00:35:24", "end": "00:35:27", "text": "blueprint. It walks through the five"}, {"start": "00:35:25", "end": "00:35:29", "text": "mistakes investors make when allocating"}, {"start": "00:35:27", "end": "00:35:30", "text": "to mining and they also explain how to"}, {"start": "00:35:29", "end": "00:35:32", "text": "[music] avoid them before deploying"}, {"start": "00:35:30", "end": "00:35:33", "text": "capital. If it sounds interesting to"}, {"start": "00:35:32", "end": "00:35:36", "text": "you, you can get it for free at"}, {"start": "00:35:33", "end": "00:35:40", "text": "simplemining.io/p."}, {"start": "00:35:36", "end": "00:35:41", "text": "That's simplemining.io/p."}, {"start": "00:35:40", "end": "00:35:44", "text": "Go check it out today and see if you"}, {"start": "00:35:41", "end": "00:35:47", "text": "should get into the mining game."}, {"start": "00:35:44", "end": "00:35:48", "text": ">> Makes sense. um IPO wave. Uh we've been"}, {"start": "00:35:47", "end": "00:35:49", "text": "talking a lot about maybe how investors"}, {"start": "00:35:48", "end": "00:35:51", "text": "are getting punched in the face in"}, {"start": "00:35:49", "end": "00:35:53", "text": "affordability. Uh they are making a lot"}, {"start": "00:35:51", "end": "00:35:55", "text": "of money as well. Um there's you know"}, {"start": "00:35:53", "end": "00:35:56", "text": "obviously SpaceX has now gone public."}, {"start": "00:35:55", "end": "00:35:58", "text": "There's a bunch more that are kind of in"}, {"start": "00:35:56", "end": "00:36:00", "text": "the hopper to to come public. Uh you've"}, {"start": "00:35:58", "end": "00:36:01", "text": "written about a lot of liquidity and"}, {"start": "00:36:00", "end": "00:36:02", "text": "done a lot of analysis there. What are"}, {"start": "00:36:01", "end": "00:36:05", "text": "you seeing?"}, {"start": "00:36:02", "end": "00:36:06", "text": ">> Yeah. So our thoughts there and you know"}, {"start": "00:36:05", "end": "00:36:08", "text": "we've gotten this question a lot from"}, {"start": "00:36:06", "end": "00:36:09", "text": "clients and this is IPOs is not"}, {"start": "00:36:08", "end": "00:36:11", "text": "something we typically write about as an"}, {"start": "00:36:09", "end": "00:36:13", "text": "economics team but there have been a lot"}, {"start": "00:36:11", "end": "00:36:15", "text": "of concerns that with all all of these"}, {"start": "00:36:13", "end": "00:36:18", "text": "IPOs coming that one the market won't be"}, {"start": "00:36:15", "end": "00:36:19", "text": "able to absorb it. It'll be you know too"}, {"start": "00:36:18", "end": "00:36:21", "text": "much supply"}, {"start": "00:36:19", "end": "00:36:23", "text": ">> too much supply not enough demand and"}, {"start": "00:36:21", "end": "00:36:24", "text": "then secondly there was a concern that"}, {"start": "00:36:23", "end": "00:36:26", "text": "is this a sign of a bubble and is this"}, {"start": "00:36:24", "end": "00:36:28", "text": "an AI bubble and you kind of what are"}, {"start": "00:36:26", "end": "00:36:29", "text": "the thoughts around that? So we dug into"}, {"start": "00:36:28", "end": "00:36:32", "text": "both of those issues. And when you think"}, {"start": "00:36:29", "end": "00:36:36", "text": "about the liquidity dynamics,"}, {"start": "00:36:32", "end": "00:36:38", "text": "the combination of buybacks is kind of"}, {"start": "00:36:36", "end": "00:36:40", "text": "your demand piece and then your supply"}, {"start": "00:36:38", "end": "00:36:42", "text": "piece is your IPO issuance and then"}, {"start": "00:36:40", "end": "00:36:44", "text": "expiring lockups. And if you compare if"}, {"start": "00:36:42", "end": "00:36:46", "text": "you you know net out the two that kind"}, {"start": "00:36:44", "end": "00:36:49", "text": "of gives you a sense of the key drivers"}, {"start": "00:36:46", "end": "00:36:51", "text": "of of net demand. And this year"}, {"start": "00:36:49", "end": "00:36:54", "text": "corporate buyback should be pretty good."}, {"start": "00:36:51", "end": "00:36:57", "text": "In fact, it's estimated to be um you"}, {"start": "00:36:54", "end": "00:36:59", "text": "know, notably stronger than the sum of"}, {"start": "00:36:57", "end": "00:37:01", "text": "the IPO issuance plus expiring lockups."}, {"start": "00:36:59", "end": "00:37:04", "text": "So, your net demand picture actually"}, {"start": "00:37:01", "end": "00:37:06", "text": "appears to be in the positive territory,"}, {"start": "00:37:04", "end": "00:37:09", "text": "which then would mean supply should get"}, {"start": "00:37:06", "end": "00:37:11", "text": "absorbed fairly well. Now, you know, of"}, {"start": "00:37:09", "end": "00:37:12", "text": "course, you know, the these dynamics"}, {"start": "00:37:11", "end": "00:37:14", "text": "aren't perfect. It's an estimate based"}, {"start": "00:37:12", "end": "00:37:16", "text": "on corporate buybacks. But I think the"}, {"start": "00:37:14", "end": "00:37:19", "text": "dynamics would tell you that there's a"}, {"start": "00:37:16", "end": "00:37:20", "text": "decent amount of cushion for the"}, {"start": "00:37:19", "end": "00:37:22", "text": "issuance to get absorbed and not create"}, {"start": "00:37:20", "end": "00:37:25", "text": "liquidity problems. Now the second"}, {"start": "00:37:22", "end": "00:37:28", "text": "question about whether this is some sort"}, {"start": "00:37:25", "end": "00:37:31", "text": "of sign of a bubble and is is is the"}, {"start": "00:37:28", "end": "00:37:33", "text": "market overvalued. If you look"}, {"start": "00:37:31", "end": "00:37:35", "text": "historically the the IPO waves that"}, {"start": "00:37:33", "end": "00:37:37", "text": "you've seen in the past have generally"}, {"start": "00:37:35", "end": "00:37:38", "text": "been a lot of companies coming to"}, {"start": "00:37:37", "end": "00:37:41", "text": "market. It's been the breath of"}, {"start": "00:37:38", "end": "00:37:42", "text": "companies and this time it's different."}, {"start": "00:37:41", "end": "00:37:45", "text": "It's a handful of companies that are"}, {"start": "00:37:42", "end": "00:37:48", "text": "mega IPOs. So it's this the size in"}, {"start": "00:37:45", "end": "00:37:50", "text": "terms of you know dollars being issued"}, {"start": "00:37:48", "end": "00:37:51", "text": "is a lot larger larger than it has"}, {"start": "00:37:50", "end": "00:37:53", "text": "historically been. But I think that's"}, {"start": "00:37:51", "end": "00:37:55", "text": "just a sign of companies staying private"}, {"start": "00:37:53", "end": "00:37:56", "text": "for longer waiting for the right"}, {"start": "00:37:55", "end": "00:37:59", "text": "opportunity and this year happened to be"}, {"start": "00:37:56", "end": "00:38:02", "text": "it. Therefore"}, {"start": "00:37:59", "end": "00:38:04", "text": "it it's it has a different feel than the"}, {"start": "00:38:02", "end": "00:38:07", "text": "late 1990s. it doesn't have that type of"}, {"start": "00:38:04", "end": "00:38:09", "text": "frenzy and therefore it's probably not"}, {"start": "00:38:07", "end": "00:38:10", "text": "really a sign of anything other than"}, {"start": "00:38:09", "end": "00:38:12", "text": "these companies stayed private until the"}, {"start": "00:38:10", "end": "00:38:14", "text": "right time. Now was a good time. The"}, {"start": "00:38:12", "end": "00:38:18", "text": "macro backdrop is good for for going"}, {"start": "00:38:14", "end": "00:38:21", "text": "public and at the same time you know"}, {"start": "00:38:18", "end": "00:38:23", "text": "the AI dynamics you continue to look"}, {"start": "00:38:21", "end": "00:38:25", "text": "better. We're not worried about it being"}, {"start": "00:38:23", "end": "00:38:27", "text": "some sort of AI bubble AI investment"}, {"start": "00:38:25", "end": "00:38:29", "text": "relative to GDP. It's only 2%"}, {"start": "00:38:27", "end": "00:38:32", "text": "historically and nothing's perfect"}, {"start": "00:38:29", "end": "00:38:34", "text": "historically, but in the past you've had"}, {"start": "00:38:32", "end": "00:38:38", "text": "big investment bubbles when said"}, {"start": "00:38:34", "end": "00:38:41", "text": "investment bubble was about 4% of GDP."}, {"start": "00:38:38", "end": "00:38:42", "text": "So, it's still relatively sort of small"}, {"start": "00:38:41", "end": "00:38:43", "text": "compared to the size of the economy."}, {"start": "00:38:42", "end": "00:38:45", "text": "Now, could we get there? Of course."}, {"start": "00:38:43", "end": "00:38:47", "text": "There's certainly a possibility that"}, {"start": "00:38:45", "end": "00:38:48", "text": "there's malinvestment at some point in"}, {"start": "00:38:47", "end": "00:38:50", "text": "the next couple of years and that"}, {"start": "00:38:48", "end": "00:38:52", "text": "creates some sort of bubble and comp,"}, {"start": "00:38:50", "end": "00:38:54", "text": "you know, certain companies face some"}, {"start": "00:38:52", "end": "00:38:56", "text": "severe challenges, but doesn't appear"}, {"start": "00:38:54", "end": "00:38:56", "text": "like we're anywhere close to that right"}, {"start": "00:38:56", "end": "00:38:59", "text": "now."}, {"start": "00:38:56", "end": "00:39:01", "text": ">> Yeah, it it um it is interesting to me"}, {"start": "00:38:59", "end": "00:39:02", "text": "how so many companies uh have stayed"}, {"start": "00:39:01", "end": "00:39:04", "text": "private. Obviously, there's a lot of"}, {"start": "00:39:02", "end": "00:39:06", "text": "capital available there, but uh there's"}, {"start": "00:39:04", "end": "00:39:08", "text": "a different quantum of capital available"}, {"start": "00:39:06", "end": "00:39:12", "text": "in the public markets. And I think that"}, {"start": "00:39:08", "end": "00:39:14", "text": "when you look at OpenAI, Anthropic, even"}, {"start": "00:39:12", "end": "00:39:16", "text": "SpaceX to a degree, like SpaceX is"}, {"start": "00:39:14", "end": "00:39:18", "text": "probably the company that most realized,"}, {"start": "00:39:16", "end": "00:39:20", "text": "hey, we need way more money. And so,"}, {"start": "00:39:18", "end": "00:39:21", "text": "like, you know, we probably should go"}, {"start": "00:39:20", "end": "00:39:23", "text": "and figure out how to get into the"}, {"start": "00:39:21", "end": "00:39:26", "text": "public market. But also, how do we get"}, {"start": "00:39:23", "end": "00:39:27", "text": "the engagement of the investor base? And"}, {"start": "00:39:26", "end": "00:39:29", "text": "I think SpaceX, you know, you saw them"}, {"start": "00:39:27", "end": "00:39:30", "text": "the share price went up. They"}, {"start": "00:39:29", "end": "00:39:32", "text": "immediately did an acquisition. Like,"}, {"start": "00:39:30", "end": "00:39:34", "text": "there's these components of being public"}, {"start": "00:39:32", "end": "00:39:36", "text": "that just afford you different capital"}, {"start": "00:39:34", "end": "00:39:37", "text": "markets options. So, I think there's"}, {"start": "00:39:36", "end": "00:39:39", "text": "there's some of that. The second piece"}, {"start": "00:39:37", "end": "00:39:41", "text": "is when these people have been working"}, {"start": "00:39:39", "end": "00:39:42", "text": "on this stuff for a long time. Like sure"}, {"start": "00:39:41", "end": "00:39:45", "text": "they've taken secondaries along the way,"}, {"start": "00:39:42", "end": "00:39:47", "text": "etc. But like there is a little bit of a"}, {"start": "00:39:45", "end": "00:39:48", "text": "competition, right, of like does the"}, {"start": "00:39:47", "end": "00:39:50", "text": "public market actually put as much value"}, {"start": "00:39:48", "end": "00:39:53", "text": "on your company as the private market"}, {"start": "00:39:50", "end": "00:39:55", "text": "does. And SpaceX surprisingly has like"}, {"start": "00:39:53", "end": "00:39:56", "text": "held pretty strong, right? And you know"}, {"start": "00:39:55", "end": "00:39:59", "text": "done done uh kind of flat to well, which"}, {"start": "00:39:56", "end": "00:40:02", "text": "which I think people um are excited"}, {"start": "00:39:59", "end": "00:40:04", "text": "about. But like Stripe, they had a huge"}, {"start": "00:40:02", "end": "00:40:05", "text": "valuation. It came down. They've"}, {"start": "00:40:04", "end": "00:40:09", "text": "probably backed somewhere in the range"}, {"start": "00:40:05", "end": "00:40:10", "text": "of where they were previously. Ramp was"}, {"start": "00:40:09", "end": "00:40:12", "text": "you I think it was like a n$10 billion"}, {"start": "00:40:10", "end": "00:40:14", "text": "company. They did another round at six."}, {"start": "00:40:12", "end": "00:40:15", "text": "Now it's gone up significantly from"}, {"start": "00:40:14", "end": "00:40:16", "text": "there. And so I think that there's a lot"}, {"start": "00:40:15", "end": "00:40:18", "text": "of these companies trying to figure out"}, {"start": "00:40:16", "end": "00:40:21", "text": "like what are we actually worth coming"}, {"start": "00:40:18", "end": "00:40:23", "text": "out of like the 2022 slowdown and you"}, {"start": "00:40:21", "end": "00:40:25", "text": "know all that. Well, the public markets"}, {"start": "00:40:23", "end": "00:40:26", "text": "will tell you pretty quick, right? And"}, {"start": "00:40:25", "end": "00:40:28", "text": "that feels like a whole another"}, {"start": "00:40:26", "end": "00:40:29", "text": "component of this is like these folks"}, {"start": "00:40:28", "end": "00:40:31", "text": "they need capital but also like being in"}, {"start": "00:40:29", "end": "00:40:32", "text": "the public market you kind of get the"}, {"start": "00:40:31", "end": "00:40:34", "text": "the real valuation."}, {"start": "00:40:32", "end": "00:40:36", "text": ">> Yeah, I think that's fair. So you now is"}, {"start": "00:40:34", "end": "00:40:38", "text": "now is a good time when you think about"}, {"start": "00:40:36", "end": "00:40:41", "text": "what are the dynamics for it being a"}, {"start": "00:40:38", "end": "00:40:42", "text": "good market to to IPO in. It's a market"}, {"start": "00:40:41", "end": "00:40:44", "text": "where investor and and business"}, {"start": "00:40:42", "end": "00:40:47", "text": "sentiment is good. CEO confidence is"}, {"start": "00:40:44", "end": "00:40:49", "text": "high. You have you know lower"}, {"start": "00:40:47", "end": "00:40:51", "text": "volatility, higher valuations. All those"}, {"start": "00:40:49", "end": "00:40:53", "text": "things are true this year which you know"}, {"start": "00:40:51", "end": "00:40:55", "text": "last year there was just a lot more"}, {"start": "00:40:53", "end": "00:40:56", "text": "volatility. Tariffs were impacting"}, {"start": "00:40:55", "end": "00:40:59", "text": "markets and there was just kind of a lot"}, {"start": "00:40:56", "end": "00:41:02", "text": "more going on. This year the focus is"}, {"start": "00:40:59", "end": "00:41:04", "text": "much more on how much is AI growing the"}, {"start": "00:41:02", "end": "00:41:07", "text": "strength in the consumer the strength in"}, {"start": "00:41:04", "end": "00:41:09", "text": "in in markets has been you know pretty"}, {"start": "00:41:07", "end": "00:41:11", "text": "astounding. Therefore it's a much better"}, {"start": "00:41:09", "end": "00:41:13", "text": "year for that. So it's been just a"}, {"start": "00:41:11", "end": "00:41:16", "text": "couple of years you're right after some"}, {"start": "00:41:13", "end": "00:41:18", "text": "sort of volatility postco now companies"}, {"start": "00:41:16", "end": "00:41:21", "text": "are in a better position to to to"}, {"start": "00:41:18", "end": "00:41:23", "text": "actually you know finally go public and"}, {"start": "00:41:21", "end": "00:41:26", "text": "you know it's a it's a good time to do"}, {"start": "00:41:23", "end": "00:41:28", "text": "so. It doesn't necessarily mean we're at"}, {"start": "00:41:26", "end": "00:41:30", "text": "at the peak of some sort of bubble. That"}, {"start": "00:41:28", "end": "00:41:32", "text": "may very well happen, but it doesn't"}, {"start": "00:41:30", "end": "00:41:35", "text": "appear like now is the time."}, {"start": "00:41:32", "end": "00:41:38", "text": ">> Bitcoin, gold debasement trade,"}, {"start": "00:41:35", "end": "00:41:40", "text": ">> that was all the rage 12 months ago, 9"}, {"start": "00:41:38", "end": "00:41:42", "text": "months ago. I don't hear anyone talking"}, {"start": "00:41:40", "end": "00:41:43", "text": "about that right now. Um, where do you"}, {"start": "00:41:42", "end": "00:41:46", "text": "guys come out on that?"}, {"start": "00:41:43", "end": "00:41:48", "text": ">> Yeah. So, I mean, it's been a sort of a"}, {"start": "00:41:46", "end": "00:41:50", "text": "volatile trend for the debasement trade."}, {"start": "00:41:48", "end": "00:41:52", "text": "You know, at one point it was the the"}, {"start": "00:41:50", "end": "00:41:56", "text": "the"}, {"start": "00:41:52", "end": "00:41:58", "text": "Fed is going to not be independent and"}, {"start": "00:41:56", "end": "00:42:01", "text": "gold and and Bitcoin are the safe haven"}, {"start": "00:41:58", "end": "00:42:03", "text": "assets for that trade. That probably"}, {"start": "00:42:01", "end": "00:42:05", "text": "went over probably over the top,"}, {"start": "00:42:03", "end": "00:42:09", "text": "especially once we learned that Trump"}, {"start": "00:42:05", "end": "00:42:10", "text": "picked a very credible Fed candidate. Um"}, {"start": "00:42:09", "end": "00:42:14", "text": "worse is somebody where there's very"}, {"start": "00:42:10", "end": "00:42:15", "text": "little concern about his him, you know,"}, {"start": "00:42:14", "end": "00:42:17", "text": "being politicized to some extent. He's"}, {"start": "00:42:15", "end": "00:42:19", "text": "has a long history at the Fed. he's"}, {"start": "00:42:17", "end": "00:42:21", "text": "known to at least historically been more"}, {"start": "00:42:19", "end": "00:42:24", "text": "hawkish. So, you know, there was this"}, {"start": "00:42:21", "end": "00:42:26", "text": "big wave up. Then it came back down uh"}, {"start": "00:42:24", "end": "00:42:28", "text": "kind of recently when it was assumed"}, {"start": "00:42:26", "end": "00:42:30", "text": "that"}, {"start": "00:42:28", "end": "00:42:32", "text": "um you know, the Fed was going to be"}, {"start": "00:42:30", "end": "00:42:33", "text": "much more hogish than expected. That"}, {"start": "00:42:32", "end": "00:42:36", "text": "kind of was around"}, {"start": "00:42:33", "end": "00:42:37", "text": "worsh's first press conference. And now"}, {"start": "00:42:36", "end": "00:42:39", "text": "I think we're kind of settling in the"}, {"start": "00:42:37", "end": "00:42:42", "text": "middle where we're back to sort of"}, {"start": "00:42:39", "end": "00:42:44", "text": "trading on other things. and the the the"}, {"start": "00:42:42", "end": "00:42:46", "text": "hype about activation is probably over"}, {"start": "00:42:44", "end": "00:42:48", "text": "the extreme concern that it's entirely,"}, {"start": "00:42:46", "end": "00:42:50", "text": "you know, the opposite. That's probably"}, {"start": "00:42:48", "end": "00:42:51", "text": "at its at it low, too. And now we're"}, {"start": "00:42:50", "end": "00:42:54", "text": "going to be just trading more so on"}, {"start": "00:42:51", "end": "00:42:56", "text": "fundamentals and demand and sort of the"}, {"start": "00:42:54", "end": "00:42:58", "text": "the, you know, inflation dynamics"}, {"start": "00:42:56", "end": "00:43:00", "text": "outside of this whole the basement"}, {"start": "00:42:58", "end": "00:43:01", "text": "non-independent Fed idea."}, {"start": "00:43:00", "end": "00:43:04", "text": ">> My last question for you. What What are"}, {"start": "00:43:01", "end": "00:43:05", "text": "you worried about? Like, you know,"}, {"start": "00:43:04", "end": "00:43:08", "text": "consumer strong, stock market's been"}, {"start": "00:43:05", "end": "00:43:09", "text": "doing relatively well. Um, inflation"}, {"start": "00:43:08", "end": "00:43:11", "text": "seems to be cooling. Is there anything"}, {"start": "00:43:09", "end": "00:43:12", "text": "that you're like, \"Hey, this is the"}, {"start": "00:43:11", "end": "00:43:14", "text": "thing that really keeps me up at night.\""}, {"start": "00:43:12", "end": "00:43:17", "text": ">> I mean, currently it's just the"}, {"start": "00:43:14", "end": "00:43:19", "text": "volatility with the Iran war. I [snorts]"}, {"start": "00:43:17", "end": "00:43:20", "text": "It's hard for, you know, businesses and"}, {"start": "00:43:19", "end": "00:43:21", "text": "consumers to make decisions when, you"}, {"start": "00:43:20", "end": "00:43:24", "text": "know, they don't know what's coming"}, {"start": "00:43:21", "end": "00:43:24", "text": "next. Just if if you have certainty,"}, {"start": "00:43:24", "end": "00:43:25", "text": "that just makes"}, {"start": "00:43:24", "end": "00:43:26", "text": ">> the White House doesn't know what's"}, {"start": "00:43:25", "end": "00:43:26", "text": "coming next."}, {"start": "00:43:26", "end": "00:43:28", "text": ">> Right. Totally."}, {"start": "00:43:26", "end": "00:43:28", "text": ">> Iran doesn't know what's coming next."}, {"start": "00:43:28", "end": "00:43:29", "text": "Right."}, {"start": "00:43:28", "end": "00:43:32", "text": ">> Right. And that's that's the dynamic"}, {"start": "00:43:29", "end": "00:43:35", "text": "that we're in. If you last year, that"}, {"start": "00:43:32", "end": "00:43:37", "text": "was the thing that drove the economy to"}, {"start": "00:43:35", "end": "00:43:39", "text": "be a lot slower was just the uncertainty"}, {"start": "00:43:37", "end": "00:43:40", "text": "because the tariff policy ended up not"}, {"start": "00:43:39", "end": "00:43:42", "text": "impacting the economy all that much."}, {"start": "00:43:40", "end": "00:43:44", "text": "Yeah, it was a little bit inflationary,"}, {"start": "00:43:42", "end": "00:43:45", "text": "but the economy ended up being perfectly"}, {"start": "00:43:44", "end": "00:43:47", "text": "fine as a result, but it was the"}, {"start": "00:43:45", "end": "00:43:50", "text": "uncertainty that really held back"}, {"start": "00:43:47", "end": "00:43:52", "text": "business and consumer sentiment. We're"}, {"start": "00:43:50", "end": "00:43:54", "text": "not we're nowhere near that. But if if"}, {"start": "00:43:52", "end": "00:43:56", "text": "you know this continues and it's off and"}, {"start": "00:43:54", "end": "00:43:57", "text": "on again and if it's off and on again"}, {"start": "00:43:56", "end": "00:43:59", "text": "and it continues to impact markets in a"}, {"start": "00:43:57", "end": "00:44:01", "text": "volatile way, I think that's a problem."}, {"start": "00:43:59", "end": "00:44:03", "text": "if it ends up being, you know, [snorts]"}, {"start": "00:44:01", "end": "00:44:04", "text": "80 something dollar oil, the economy can"}, {"start": "00:44:03", "end": "00:44:06", "text": "kind of settle into that. So, that's one"}, {"start": "00:44:04", "end": "00:44:10", "text": "thing, just having some sort of"}, {"start": "00:44:06", "end": "00:44:11", "text": "certainty or at least less concern on a"}, {"start": "00:44:10", "end": "00:44:12", "text": "day-to-day basis about kind of what's"}, {"start": "00:44:11", "end": "00:44:16", "text": "happening over there."}, {"start": "00:44:12", "end": "00:44:17", "text": ">> Um, otherwise,"}, {"start": "00:44:16", "end": "00:44:18", "text": ">> you're good."}, {"start": "00:44:17", "end": "00:44:19", "text": ">> Otherwise, I think things are pretty"}, {"start": "00:44:18", "end": "00:44:21", "text": "good, which is concerning in and of"}, {"start": "00:44:19", "end": "00:44:23", "text": "itself, right? I mean, you don't there's"}, {"start": "00:44:21", "end": "00:44:25", "text": "no there's no obvious risks out there,"}, {"start": "00:44:23", "end": "00:44:27", "text": "which then means the risk there's always"}, {"start": "00:44:25", "end": "00:44:28", "text": "something that surprises everyone. So"}, {"start": "00:44:27", "end": "00:44:30", "text": "there's going to be something that will"}, {"start": "00:44:28", "end": "00:44:31", "text": "probably surprise us in, you know, in"}, {"start": "00:44:30", "end": "00:44:33", "text": "either direction. So it's it's kind of"}, {"start": "00:44:31", "end": "00:44:36", "text": "the the known unknowns, but the dynamics"}, {"start": "00:44:33", "end": "00:44:38", "text": "of the US economy are are really quite"}, {"start": "00:44:36", "end": "00:44:39", "text": "good. The, you know, inflation picture"}, {"start": "00:44:38", "end": "00:44:42", "text": "should be getting better. That will"}, {"start": "00:44:39", "end": "00:44:43", "text": "happen likely slowly but surely."}, {"start": "00:44:42", "end": "00:44:45", "text": "Consumers spending pretty well. They've"}, {"start": "00:44:43", "end": "00:44:47", "text": "been quite resilient. You're still"}, {"start": "00:44:45", "end": "00:44:49", "text": "getting the benefits from one beautiful"}, {"start": "00:44:47", "end": "00:44:50", "text": "bill impacting consumer spending"}, {"start": "00:44:49", "end": "00:44:53", "text": "probably for much of this year. That"}, {"start": "00:44:50", "end": "00:44:54", "text": "should sort of flow through the data."}, {"start": "00:44:53", "end": "00:44:57", "text": "So, it's it's probably going to be"}, {"start": "00:44:54", "end": "00:44:58", "text": "something that's not domestic economic"}, {"start": "00:44:57", "end": "00:45:00", "text": "related. It could be something"}, {"start": "00:44:58", "end": "00:45:03", "text": "geopolitical. It could be something else"}, {"start": "00:45:00", "end": "00:45:06", "text": "out of left field, but the economy"}, {"start": "00:45:03", "end": "00:45:08", "text": "itself doesn't worry me at night."}, {"start": "00:45:06", "end": "00:45:09", "text": ">> Oh, that's good. That's a great answer,"}, {"start": "00:45:08", "end": "00:45:10", "text": "right? Um, tell everyone where they can"}, {"start": "00:45:09", "end": "00:45:11", "text": "come and get uh the research that you"}, {"start": "00:45:10", "end": "00:45:13", "text": "put out. You put out a great note every"}, {"start": "00:45:11", "end": "00:45:15", "text": "single day. Where can they go get that?"}, {"start": "00:45:13", "end": "00:45:17", "text": ">> Yes. Great. Um, so you can feel free to"}, {"start": "00:45:15", "end": "00:45:19", "text": "email me at srothwolfresearch.com."}, {"start": "00:45:17", "end": "00:45:22", "text": "Feel free to visit our website. You can"}, {"start": "00:45:19", "end": "00:45:23", "text": "learn more about signing up. Um, we put"}, {"start": "00:45:22", "end": "00:45:25", "text": "out, you know, notes se several times a"}, {"start": "00:45:23", "end": "00:45:27", "text": "week. We react to the data. We put out a"}, {"start": "00:45:25", "end": "00:45:29", "text": "weekly. Uh, so feel free to to reach out"}, {"start": "00:45:27", "end": "00:45:30", "text": "to us. You can get more information."}, {"start": "00:45:29", "end": "00:45:31", "text": "Amazing. You're doing a great job."}, {"start": "00:45:30", "end": "00:45:34", "text": "Thanks so much for coming and doing"}, {"start": "00:45:31", "end": "00:45:34", "text": "this. They frightened me."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "My wife and I, we are having twins. I am"}, {"start": "00:00:02", "end": "00:00:05", "text": "there for the scan. She says, \"We need"}, {"start": "00:00:03", "end": "00:00:09", "text": "[music] to have a serious conversation."}, {"start": "00:00:05", "end": "00:00:11", "text": "These twins do not have a membrane wall"}, {"start": "00:00:09", "end": "00:00:12", "text": "in between the two twins. Very, very"}, {"start": "00:00:11", "end": "00:00:14", "text": "high risk.\" To the [music] point where"}, {"start": "00:00:12", "end": "00:00:15", "text": "the doctor says to us, \"At this point,"}, {"start": "00:00:14", "end": "00:00:16", "text": "most people in your position will"}, {"start": "00:00:15", "end": "00:00:18", "text": "terminate the pregnancy.\" [music] My"}, {"start": "00:00:16", "end": "00:00:20", "text": "wife is incredibly upset. She goes home"}, {"start": "00:00:18", "end": "00:00:22", "text": "and she takes the scan. So, she uploads"}, {"start": "00:00:20", "end": "00:00:24", "text": "it to one of the AI systems and she"}, {"start": "00:00:22", "end": "00:00:27", "text": "asks, \"What do you see here?\" And the AI"}, {"start": "00:00:24", "end": "00:00:29", "text": "system says, \"We see two twins in two"}, {"start": "00:00:27", "end": "00:00:31", "text": "membrane sacs sharing one placenta.\" So,"}, {"start": "00:00:29", "end": "00:00:32", "text": "my wife then takes the scan, uploads it"}, {"start": "00:00:31", "end": "00:00:34", "text": "into the doctor's [music] system and"}, {"start": "00:00:32", "end": "00:00:36", "text": "says, \"Just out of curiosity, can you"}, {"start": "00:00:34", "end": "00:00:39", "text": "tell me what this is?\" The doctor calls"}, {"start": "00:00:36", "end": "00:00:40", "text": "her and literally says some version of,"}, {"start": "00:00:39", "end": "00:00:43", "text": "\"I am so sorry. [music] That is correct."}, {"start": "00:00:40", "end": "00:00:46", "text": "That is the membrane.\" Oh my god. My"}, {"start": "00:00:43", "end": "00:00:47", "text": "personal experience was, without AI, I"}, {"start": "00:00:46", "end": "00:00:49", "text": "doubt [music] my wife and I would have"}, {"start": "00:00:47", "end": "00:00:52", "text": "terminated the pregnancy, but how many"}, {"start": "00:00:49", "end": "00:00:52", "text": "parents would have?"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The United States of America, in a weird"}, {"start": "00:00:02", "end": "00:00:06", "text": "way, is the strongest it's ever been and"}, {"start": "00:00:04", "end": "00:00:07", "text": "[music] it's the weakest it's ever been."}, {"start": "00:00:06", "end": "00:00:08", "text": "Strongest military that we've ever had,"}, {"start": "00:00:07", "end": "00:00:10", "text": "that's ever been created in human"}, {"start": "00:00:08", "end": "00:00:12", "text": "history. [music] At the same time, we"}, {"start": "00:00:10", "end": "00:00:14", "text": "have people who literally can't afford"}, {"start": "00:00:12", "end": "00:00:15", "text": "groceries and gas. We are the richest"}, {"start": "00:00:14", "end": "00:00:17", "text": "country in [music] the world, yet some"}, {"start": "00:00:15", "end": "00:00:20", "text": "people are struggling. Two things are"}, {"start": "00:00:17", "end": "00:00:20", "text": "true at the exact same time."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "July 29th when we have the FOMC, are"}, {"start": "00:00:02", "end": "00:00:06", "text": "they going to raise rates? There's a"}, {"start": "00:00:04", "end": "00:00:10", "text": "possibility, a good possibility, it's"}, {"start": "00:00:06", "end": "00:00:12", "text": "like 35 to 40%, that they will. If they"}, {"start": "00:00:10", "end": "00:00:14", "text": "don't, then I think Bitcoin will be"}, {"start": "00:00:12", "end": "00:00:15", "text": "above 70,000 when that time comes"}, {"start": "00:00:14", "end": "00:00:18", "text": "because I think people are going to"}, {"start": "00:00:15", "end": "00:00:19", "text": "start factoring in the fact. What's"}, {"start": "00:00:18", "end": "00:00:20", "text": "going on guys? Today we have a great"}, {"start": "00:00:19", "end": "00:00:22", "text": "conversation with Jordy Visser. We talk"}, {"start": "00:00:20", "end": "00:00:24", "text": "about what's going on with the AI"}, {"start": "00:00:22", "end": "00:00:25", "text": "midcycle slowdown, why he thinks that's"}, {"start": "00:00:24", "end": "00:00:27", "text": "over. Why is he getting excited about"}, {"start": "00:00:25", "end": "00:00:28", "text": "Bitcoin? He thinks that the bottom is"}, {"start": "00:00:27", "end": "00:00:30", "text": "forming. On top of that, we talk about"}, {"start": "00:00:28", "end": "00:00:32", "text": "robotics, commodities, and what public"}, {"start": "00:00:30", "end": "00:00:33", "text": "stocks Jury's getting interested in."}, {"start": "00:00:32", "end": "00:00:35", "text": "This conversation is full with lots of"}, {"start": "00:00:33", "end": "00:00:37", "text": "nuance, and we cover some of the big"}, {"start": "00:00:35", "end": "00:00:40", "text": "stories, things like Apple, and what's"}, {"start": "00:00:37", "end": "00:00:41", "text": "going on with Meta or XAI and Grock. So,"}, {"start": "00:00:40", "end": "00:00:43", "text": "you're going to enjoy it. Here's my"}, {"start": "00:00:41", "end": "00:00:45", "text": "latest conversation with Jordy Visser."}, {"start": "00:00:43", "end": "00:00:46", "text": "All right, Jordy. This week, Grock and"}, {"start": "00:00:45", "end": "00:00:49", "text": "Facebook both made very big"}, {"start": "00:00:46", "end": "00:00:51", "text": "announcements about their uh ambitious"}, {"start": "00:00:49", "end": "00:00:52", "text": "plans when it comes to AI. Looks like we"}, {"start": "00:00:51", "end": "00:00:53", "text": "have a price war on our hands because"}, {"start": "00:00:52", "end": "00:00:55", "text": "both of them started talking about"}, {"start": "00:00:53", "end": "00:00:57", "text": "affordability for what they can actually"}, {"start": "00:00:55", "end": "00:00:59", "text": "produce. Uh what's your take as to these"}, {"start": "00:00:57", "end": "00:01:03", "text": "two kind of trying to make a comeback"}, {"start": "00:00:59", "end": "00:01:06", "text": "and and take over OpenAI and Anthropic?"}, {"start": "00:01:03", "end": "00:01:08", "text": ">> Uh so"}, {"start": "00:01:06", "end": "00:01:10", "text": "ooh speechless now I I was trying to"}, {"start": "00:01:08", "end": "00:01:16", "text": "think of the best way to kind of present"}, {"start": "00:01:10", "end": "00:01:18", "text": "this. I I really am believing that uh we"}, {"start": "00:01:16", "end": "00:01:21", "text": "have to start separating"}, {"start": "00:01:18", "end": "00:01:23", "text": "everything going on in AI and the models"}, {"start": "00:01:21", "end": "00:01:27", "text": "into two categories. I don't think"}, {"start": "00:01:23", "end": "00:01:29", "text": "anyone anymore can catch up to anthropic"}, {"start": "00:01:27", "end": "00:01:31", "text": "and open AAI and what their plans are."}, {"start": "00:01:29", "end": "00:01:34", "text": "Now, let me just kind of put that in"}, {"start": "00:01:31", "end": "00:01:35", "text": "into context. I've spent a lot more time"}, {"start": "00:01:34", "end": "00:01:38", "text": "on consumer agents. I've spent a lot"}, {"start": "00:01:35", "end": "00:01:40", "text": "more time on what these models are"}, {"start": "00:01:38", "end": "00:01:42", "text": "trying to do and what everyone's kind of"}, {"start": "00:01:40", "end": "00:01:44", "text": "going for. They're all trying to get"}, {"start": "00:01:42", "end": "00:01:46", "text": "some kind of revenue, all of them. So,"}, {"start": "00:01:44", "end": "00:01:49", "text": "when Meta talks about the cloud"}, {"start": "00:01:46", "end": "00:01:52", "text": "ambitions, they need some revenue coming"}, {"start": "00:01:49", "end": "00:01:54", "text": "in the door now. And if your business is"}, {"start": "00:01:52", "end": "00:01:56", "text": "going to be consumer agents,"}, {"start": "00:01:54", "end": "00:01:58", "text": "advertising, stuff like that and"}, {"start": "00:01:56", "end": "00:02:01", "text": "personal AI assistance where which is"}, {"start": "00:01:58", "end": "00:02:06", "text": "where I am now putting officially Meta,"}, {"start": "00:02:01", "end": "00:02:08", "text": "Apple, Google, Amazon. Now again, not"}, {"start": "00:02:06", "end": "00:02:12", "text": "completely, but they all have that part"}, {"start": "00:02:08", "end": "00:02:13", "text": "of the puzzle. Amazon, Google, and"}, {"start": "00:02:12", "end": "00:02:16", "text": "Microsoft obviously not only have the"}, {"start": "00:02:13", "end": "00:02:18", "text": "personal assistant, the co-pilot side,"}, {"start": "00:02:16", "end": "00:02:20", "text": "they also have the cloud business."}, {"start": "00:02:18", "end": "00:02:22", "text": "Obviously, we have cloud business now"}, {"start": "00:02:20", "end": "00:02:25", "text": "where we're renting out compute for"}, {"start": "00:02:22", "end": "00:02:28", "text": "SpaceX. So, I think rather than get into"}, {"start": "00:02:25", "end": "00:02:29", "text": "the model side, which again, these"}, {"start": "00:02:28", "end": "00:02:32", "text": "models are just going to be"}, {"start": "00:02:29", "end": "00:02:34", "text": "commoditized. Uh it's what what you're"}, {"start": "00:02:32", "end": "00:02:37", "text": "aiming to get your revenues from. And"}, {"start": "00:02:34", "end": "00:02:40", "text": "clearly, OpenAI and Anthropic are in a"}, {"start": "00:02:37", "end": "00:02:42", "text": "war uh with the enterprise side. And"}, {"start": "00:02:40", "end": "00:02:44", "text": "then everyone else to me is kind of"}, {"start": "00:02:42", "end": "00:02:46", "text": "making sure that they're also spending"}, {"start": "00:02:44", "end": "00:02:48", "text": "in other areas where they need this. And"}, {"start": "00:02:46", "end": "00:02:50", "text": "obviously SpaceX,"}, {"start": "00:02:48", "end": "00:02:52", "text": "you know, Tesla eventually, they've got"}, {"start": "00:02:50", "end": "00:02:54", "text": "different ambitions for how they're"}, {"start": "00:02:52", "end": "00:02:56", "text": "going to use AI. So I think I I'm not"}, {"start": "00:02:54", "end": "00:02:58", "text": "really looking at the price wars as"}, {"start": "00:02:56", "end": "00:03:00", "text": "anything more that number one, the media"}, {"start": "00:02:58", "end": "00:03:02", "text": "is just kind of getting into this, oh,"}, {"start": "00:03:00", "end": "00:03:03", "text": "the token index is going down. It means"}, {"start": "00:03:02", "end": "00:03:05", "text": "we're going to have problems. I think"}, {"start": "00:03:03", "end": "00:03:07", "text": "everyone's just reexamining where their"}, {"start": "00:03:05", "end": "00:03:09", "text": "ROIC is going to come from, and they're"}, {"start": "00:03:07", "end": "00:03:10", "text": "strategically moving their decision-m"}, {"start": "00:03:09", "end": "00:03:13", "text": "towards that process."}, {"start": "00:03:10", "end": "00:03:14", "text": ">> I love when we uh maybe don't disagree,"}, {"start": "00:03:13", "end": "00:03:17", "text": "but have slightly different takes on"}, {"start": "00:03:14", "end": "00:03:18", "text": "this. Um, in building Sylvia, I think"}, {"start": "00:03:17", "end": "00:03:20", "text": "you and I have talked in the last couple"}, {"start": "00:03:18", "end": "00:03:22", "text": "of weeks about, you know, the mandate"}, {"start": "00:03:20", "end": "00:03:24", "text": "from heaven 18 months ago. Everyone use"}, {"start": "00:03:22", "end": "00:03:27", "text": "AI. Now all of a sudden people start"}, {"start": "00:03:24", "end": "00:03:29", "text": "looking at the uh token prices or the"}, {"start": "00:03:27", "end": "00:03:31", "text": "the compute, you know, cost on a monthly"}, {"start": "00:03:29", "end": "00:03:33", "text": "basis was skyhigh. They all start"}, {"start": "00:03:31", "end": "00:03:34", "text": "cutting that. But a lot of what people"}, {"start": "00:03:33", "end": "00:03:36", "text": "have been doing both, you know, what"}, {"start": "00:03:34", "end": "00:03:38", "text": "we've been doing at Sylvia, but also in"}, {"start": "00:03:36", "end": "00:03:39", "text": "other companies I've talked with, they"}, {"start": "00:03:38", "end": "00:03:41", "text": "essentially were changing the"}, {"start": "00:03:39", "end": "00:03:42", "text": "architecture of how they use the models."}, {"start": "00:03:41", "end": "00:03:44", "text": "So it wasn't they were changing the"}, {"start": "00:03:42", "end": "00:03:45", "text": "model. It was just hey we don't want to"}, {"start": "00:03:44", "end": "00:03:47", "text": "ping the model for if you ask what the"}, {"start": "00:03:45", "end": "00:03:49", "text": "date is or you know that type of stuff."}, {"start": "00:03:47", "end": "00:03:51", "text": "Right now I think that we've kind of"}, {"start": "00:03:49", "end": "00:03:52", "text": "graduated past that and what we're"}, {"start": "00:03:51", "end": "00:03:54", "text": "actively looking at and I think a lot of"}, {"start": "00:03:52", "end": "00:03:56", "text": "other people are looking at is how do"}, {"start": "00:03:54", "end": "00:03:59", "text": "you actually start to route queries to"}, {"start": "00:03:56", "end": "00:04:02", "text": "different models based on the complexity"}, {"start": "00:03:59", "end": "00:04:04", "text": "or the compute need of that query. And"}, {"start": "00:04:02", "end": "00:04:06", "text": "so this feels like an area where you're"}, {"start": "00:04:04", "end": "00:04:08", "text": "going to see a significant drop off in"}, {"start": "00:04:06", "end": "00:04:10", "text": "the compute cost of these companies in"}, {"start": "00:04:08", "end": "00:04:12", "text": "terms of what they're spending. And the"}, {"start": "00:04:10", "end": "00:04:13", "text": "reason why that becomes interesting is"}, {"start": "00:04:12", "end": "00:04:17", "text": "then it opens up this whole open- source"}, {"start": "00:04:13", "end": "00:04:19", "text": "thing. And so to me, the Facebook and"}, {"start": "00:04:17", "end": "00:04:21", "text": "XAI announcements around cost is"}, {"start": "00:04:19", "end": "00:04:22", "text": "basically them trying to position"}, {"start": "00:04:21", "end": "00:04:24", "text": "themselves to say, \"Hey, maybe you don't"}, {"start": "00:04:22", "end": "00:04:25", "text": "need to go to Chinese open source or"}, {"start": "00:04:24", "end": "00:04:27", "text": "look for American open source. What if"}, {"start": "00:04:25", "end": "00:04:29", "text": "you could use one of these closed source"}, {"start": "00:04:27", "end": "00:04:30", "text": "models, but do it at a much cheaper"}, {"start": "00:04:29", "end": "00:04:31", "text": "rate?\" It's almost like they're"}, {"start": "00:04:30", "end": "00:04:33", "text": "acknowledging the fact that all of these"}, {"start": "00:04:31", "end": "00:04:35", "text": "companies are now becoming very"}, {"start": "00:04:33", "end": "00:04:36", "text": "costconscious on this. I don't know if"}, {"start": "00:04:35", "end": "00:04:39", "text": "it'll work. Like I don't know if they'll"}, {"start": "00:04:36", "end": "00:04:41", "text": "actually drive more adoption, but it"}, {"start": "00:04:39", "end": "00:04:44", "text": "seems odd that two different companies"}, {"start": "00:04:41", "end": "00:04:45", "text": "who probably are not sharing their plans"}, {"start": "00:04:44", "end": "00:04:47", "text": "with each other in the same week come"}, {"start": "00:04:45", "end": "00:04:49", "text": "out and they're leading with, hey, this"}, {"start": "00:04:47", "end": "00:04:51", "text": "is a cost-effective way to get super"}, {"start": "00:04:49", "end": "00:04:52", "text": "intelligence, you know, via the model,"}, {"start": "00:04:51", "end": "00:04:54", "text": "right?"}, {"start": "00:04:52", "end": "00:04:57", "text": ">> Yeah. So, I I I don't agree with you, so"}, {"start": "00:04:54", "end": "00:05:00", "text": "we'll keep going. Um I the part I agree"}, {"start": "00:04:57", "end": "00:05:02", "text": "with is the fact that and and I I put"}, {"start": "00:05:00", "end": "00:05:04", "text": "together a visual because a bunch of"}, {"start": "00:05:02", "end": "00:05:06", "text": "people reached out and asked me the"}, {"start": "00:05:04", "end": "00:05:08", "text": "question on from a variety of angles on"}, {"start": "00:05:06", "end": "00:05:10", "text": "this point and then I had some people"}, {"start": "00:05:08", "end": "00:05:11", "text": "that I've known a long time in the tech"}, {"start": "00:05:10", "end": "00:05:13", "text": "side that are all bearish on this going"}, {"start": "00:05:11", "end": "00:05:15", "text": "oh everyone's going to move to cheaper"}, {"start": "00:05:13", "end": "00:05:17", "text": "model and I'm like that's we got to"}, {"start": "00:05:15", "end": "00:05:18", "text": "start to understand where we are. So I'm"}, {"start": "00:05:17", "end": "00:05:19", "text": "going to give it to you in a different"}, {"start": "00:05:18", "end": "00:05:21", "text": "way. You've probably not heard it this"}, {"start": "00:05:19", "end": "00:05:24", "text": "way. Um, and you're looking at it from"}, {"start": "00:05:21", "end": "00:05:26", "text": "the angle of Sylvia, which I get. In my"}, {"start": "00:05:24", "end": "00:05:29", "text": "opinion, having managed hundreds of"}, {"start": "00:05:26", "end": "00:05:33", "text": "people over the years. Um, you bring in"}, {"start": "00:05:29", "end": "00:05:35", "text": "a resume and you don't need to hire the"}, {"start": "00:05:33", "end": "00:05:37", "text": "most expensive people throughout your"}, {"start": "00:05:35", "end": "00:05:39", "text": "firm for every job. Jobs are now finally"}, {"start": "00:05:37", "end": "00:05:42", "text": "getting delegated to the models that"}, {"start": "00:05:39", "end": "00:05:45", "text": "make sense. Meaning 100 100 uh IQ might"}, {"start": "00:05:42", "end": "00:05:47", "text": "be enough for something if it does if"}, {"start": "00:05:45", "end": "00:05:48", "text": "you don't need it quickly. So, it's"}, {"start": "00:05:47", "end": "00:05:50", "text": "getting back to the way I look at"}, {"start": "00:05:48", "end": "00:05:54", "text": "aggregate payrolls, which is hours"}, {"start": "00:05:50", "end": "00:05:56", "text": "worked, then you've got hourly earnings."}, {"start": "00:05:54", "end": "00:05:58", "text": "So, and how many people you're"}, {"start": "00:05:56", "end": "00:06:00", "text": "employing, that is the aggregate"}, {"start": "00:05:58", "end": "00:06:02", "text": "payroll. And I think every workforce is"}, {"start": "00:06:00", "end": "00:06:04", "text": "figuring out"}, {"start": "00:06:02", "end": "00:06:06", "text": "these models at the very high end,"}, {"start": "00:06:04", "end": "00:06:09", "text": "they're super high IQ, they're very"}, {"start": "00:06:06", "end": "00:06:12", "text": "cheap. And Dylan Patel gave an interview"}, {"start": "00:06:09", "end": "00:06:13", "text": "that I listened to today on Wisdom Tree."}, {"start": "00:06:12", "end": "00:06:15", "text": "It's a great podcast. I highly"}, {"start": "00:06:13", "end": "00:06:17", "text": "recommend. He talked about his spend."}, {"start": "00:06:15", "end": "00:06:20", "text": "So, this is Dylan Patel from Semi"}, {"start": "00:06:17", "end": "00:06:25", "text": "analysis. Very sophisticated. His spend"}, {"start": "00:06:20", "end": "00:06:29", "text": "went from $100,000 allin for his firm as"}, {"start": "00:06:25", "end": "00:06:33", "text": "of uh December last year."}, {"start": "00:06:29", "end": "00:06:36", "text": "It's now 11 million ARS as he said,"}, {"start": "00:06:33", "end": "00:06:38", "text": "annualized revenue spend. Now, what he"}, {"start": "00:06:36", "end": "00:06:40", "text": "talked about as the importance of that"}, {"start": "00:06:38", "end": "00:06:42", "text": "is he's not changing it. He's not"}, {"start": "00:06:40", "end": "00:06:44", "text": "looking to get it done. He said in some"}, {"start": "00:06:42", "end": "00:06:46", "text": "cases because the productivity is"}, {"start": "00:06:44", "end": "00:06:48", "text": "expanding he's able to generate more"}, {"start": "00:06:46", "end": "00:06:50", "text": "revenues. I think every business is"}, {"start": "00:06:48", "end": "00:06:54", "text": "going to be different. I think for the"}, {"start": "00:06:50", "end": "00:06:56", "text": "enterprises that had no usage for them"}, {"start": "00:06:54", "end": "00:06:58", "text": "whatsoever they're figuring out where"}, {"start": "00:06:56", "end": "00:07:00", "text": "they should be making the spend and in"}, {"start": "00:06:58", "end": "00:07:02", "text": "some ca in every case they will be"}, {"start": "00:07:00", "end": "00:07:05", "text": "having workflows that are using cheaper"}, {"start": "00:07:02", "end": "00:07:07", "text": "models open source possibly. then you're"}, {"start": "00:07:05", "end": "00:07:09", "text": "going to have more expensive high IQ"}, {"start": "00:07:07", "end": "00:07:11", "text": "making decisions where they're very"}, {"start": "00:07:09", "end": "00:07:14", "text": "effective and very cost effective"}, {"start": "00:07:11", "end": "00:07:16", "text": "because they do the speed in onetenth or"}, {"start": "00:07:14", "end": "00:07:19", "text": "1/100th the time that those workflows"}, {"start": "00:07:16", "end": "00:07:20", "text": "do. So it just depends on where it is."}, {"start": "00:07:19", "end": "00:07:21", "text": "The end result is going to be a mixture"}, {"start": "00:07:20", "end": "00:07:23", "text": "of all these different models."}, {"start": "00:07:21", "end": "00:07:25", "text": "Completely agree we were always going to"}, {"start": "00:07:23", "end": "00:07:26", "text": "end up there. But I think one of the"}, {"start": "00:07:25", "end": "00:07:30", "text": "things that's been challenging is that"}, {"start": "00:07:26", "end": "00:07:31", "text": "since opus 4.5 the model intelligence"}, {"start": "00:07:30", "end": "00:07:34", "text": "for coding agents just keeps getting"}, {"start": "00:07:31", "end": "00:07:37", "text": "better and better. But the deployment"}, {"start": "00:07:34", "end": "00:07:39", "text": "from enterprises just started and so"}, {"start": "00:07:37", "end": "00:07:41", "text": "they spent the first six months actually"}, {"start": "00:07:39", "end": "00:07:43", "text": "learning how much the spend would be."}, {"start": "00:07:41", "end": "00:07:46", "text": "Now they're going to start going through"}, {"start": "00:07:43", "end": "00:07:47", "text": "a slight readjustment. Talente is"}, {"start": "00:07:46", "end": "00:07:49", "text": "obviously out there promoting the fact"}, {"start": "00:07:47", "end": "00:07:50", "text": "that you don't you know they're going"}, {"start": "00:07:49", "end": "00:07:52", "text": "another angle. Oh, you don't want to"}, {"start": "00:07:50", "end": "00:07:54", "text": "have this. You don't want to be exposed."}, {"start": "00:07:52", "end": "00:07:56", "text": "They're giving all the negatives to"}, {"start": "00:07:54", "end": "00:07:57", "text": "having your own models. I think we're in"}, {"start": "00:07:56", "end": "00:07:59", "text": "the price discovery phase for"}, {"start": "00:07:57", "end": "00:08:00", "text": "everything. The models are going to keep"}, {"start": "00:07:59", "end": "00:08:01", "text": "getting more efficient. They're going to"}, {"start": "00:08:00", "end": "00:08:03", "text": "keep getting cheaper. they're going to"}, {"start": "00:08:01", "end": "00:08:04", "text": "keep getting smarter. I think there's"}, {"start": "00:08:03", "end": "00:08:06", "text": "going to be a mixture of both, but I"}, {"start": "00:08:04", "end": "00:08:08", "text": "don't think this is going to affect the"}, {"start": "00:08:06", "end": "00:08:10", "text": "overall spend. I think adoption and"}, {"start": "00:08:08", "end": "00:08:12", "text": "usage is going up significantly"}, {"start": "00:08:10", "end": "00:08:17", "text": "dramatically each day. Yeah. And and"}, {"start": "00:08:12", "end": "00:08:19", "text": "maybe as a um a nuance to it, I actually"}, {"start": "00:08:17", "end": "00:08:21", "text": "think that the number of tokens consumed"}, {"start": "00:08:19", "end": "00:08:23", "text": "will continue to grow. So, I agree with"}, {"start": "00:08:21", "end": "00:08:24", "text": "that. But I think that what companies"}, {"start": "00:08:23", "end": "00:08:25", "text": "are trying to figure out, at least what"}, {"start": "00:08:24", "end": "00:08:27", "text": "we're trying to figure out, is how do"}, {"start": "00:08:25", "end": "00:08:30", "text": "you consume more tokens but spend less"}, {"start": "00:08:27", "end": "00:08:32", "text": "money? And I think what we're starting"}, {"start": "00:08:30", "end": "00:08:35", "text": "to see is that, you know, if you go hit"}, {"start": "00:08:32", "end": "00:08:37", "text": "4.7 or 4.8 or, you know, whatever, uh,"}, {"start": "00:08:35", "end": "00:08:39", "text": "and someone's asking what is the date,"}, {"start": "00:08:37", "end": "00:08:41", "text": "not only is there a cost associated with"}, {"start": "00:08:39", "end": "00:08:43", "text": "it, which obviously is a like a pain"}, {"start": "00:08:41", "end": "00:08:45", "text": "point for the company, but there's a a"}, {"start": "00:08:43", "end": "00:08:48", "text": "big latency. And so it's actually like a"}, {"start": "00:08:45", "end": "00:08:50", "text": "bad experience for the user versus if"}, {"start": "00:08:48", "end": "00:08:51", "text": "you can, you know, kind of hit a"}, {"start": "00:08:50", "end": "00:08:53", "text": "lightning fast open source model, make"}, {"start": "00:08:51", "end": "00:08:56", "text": "sure it's accurate, etc., then it"}, {"start": "00:08:53", "end": "00:08:58", "text": "becomes uh somewhat interesting. Um, but"}, {"start": "00:08:56", "end": "00:08:59", "text": "but some companies don't care, right?"}, {"start": "00:08:58", "end": "00:09:01", "text": "They don't care about the cost. Maybe"}, {"start": "00:08:59", "end": "00:09:03", "text": "Dylan Patellis is like, \"Look, I'll"}, {"start": "00:09:01", "end": "00:09:05", "text": "spend $50 million because every dollar"}, {"start": "00:09:03", "end": "00:09:06", "text": "that I spend, I'm getting back $10 in"}, {"start": "00:09:05", "end": "00:09:07", "text": "revenue.\" Then, you know, it kind of"}, {"start": "00:09:06", "end": "00:09:10", "text": "doesn't matter, right?"}, {"start": "00:09:07", "end": "00:09:12", "text": ">> Yeah. And that and that's the point is I"}, {"start": "00:09:10", "end": "00:09:14", "text": "the the way this weeds out the bad"}, {"start": "00:09:12", "end": "00:09:17", "text": "companies. And I I think his exact quote"}, {"start": "00:09:14", "end": "00:09:18", "text": "was if you're not spending more money"}, {"start": "00:09:17", "end": "00:09:20", "text": "every year, you're going out of"}, {"start": "00:09:18", "end": "00:09:23", "text": "business. Like if you're trying to to"}, {"start": "00:09:20", "end": "00:09:24", "text": "optimize based on I don't want to spend"}, {"start": "00:09:23", "end": "00:09:27", "text": "X amount of dollars and you're cutting"}, {"start": "00:09:24", "end": "00:09:29", "text": "back on your AI spend, it means you're"}, {"start": "00:09:27", "end": "00:09:31", "text": "going out of business. And I happen to"}, {"start": "00:09:29", "end": "00:09:33", "text": "agree with that. Meaning your budget for"}, {"start": "00:09:31", "end": "00:09:35", "text": "AI should be expanding every single"}, {"start": "00:09:33", "end": "00:09:38", "text": "year. No questions asked. It should"}, {"start": "00:09:35", "end": "00:09:39", "text": "absolutely be going up. And that is the"}, {"start": "00:09:38", "end": "00:09:41", "text": "only way you're going to survive as a"}, {"start": "00:09:39", "end": "00:09:42", "text": "business. That makes companies that are"}, {"start": "00:09:41", "end": "00:09:44", "text": "startups have a huge advantage. And"}, {"start": "00:09:42", "end": "00:09:46", "text": "that's why semi analysis is very"}, {"start": "00:09:44", "end": "00:09:49", "text": "different than say the se you know they"}, {"start": "00:09:46", "end": "00:09:50", "text": "cover data centers they cover semi an"}, {"start": "00:09:49", "end": "00:09:52", "text": "they cover semiconductors they cover the"}, {"start": "00:09:50", "end": "00:09:54", "text": "entire AI buildout. If you're Goldman"}, {"start": "00:09:52", "end": "00:09:56", "text": "Sachs and Morgan Stanley you've got a"}, {"start": "00:09:54", "end": "00:09:57", "text": "huge payroll you have a huge thing"}, {"start": "00:09:56", "end": "00:09:58", "text": "you're going to have a different"}, {"start": "00:09:57", "end": "00:10:00", "text": "approach than a company that's just"}, {"start": "00:09:58", "end": "00:10:03", "text": "starting was only spending $100,000 a"}, {"start": "00:10:00", "end": "00:10:04", "text": "year on AI in December."}, {"start": "00:10:03", "end": "00:10:06", "text": ">> Yeah, that makes sense. Um what about"}, {"start": "00:10:04", "end": "00:10:09", "text": "Apple? Apple obviously made the Siri"}, {"start": "00:10:06", "end": "00:10:10", "text": "announcement um kind of an AI Siri uh"}, {"start": "00:10:09", "end": "00:10:12", "text": "integration and then they also announced"}, {"start": "00:10:10", "end": "00:10:14", "text": "that they're going to have to increase"}, {"start": "00:10:12", "end": "00:10:16", "text": "prices because of uh memory. What do you"}, {"start": "00:10:14", "end": "00:10:20", "text": "think's happening with that business?"}, {"start": "00:10:16", "end": "00:10:23", "text": "I actually so"}, {"start": "00:10:20", "end": "00:10:25", "text": "last week uh because I've been spending"}, {"start": "00:10:23", "end": "00:10:28", "text": "so much time on Meta and because I've I"}, {"start": "00:10:25", "end": "00:10:30", "text": "so I listen to more podcasts uh with"}, {"start": "00:10:28", "end": "00:10:33", "text": "Meta involved. I listened to one with"}, {"start": "00:10:30", "end": "00:10:36", "text": "Alex Cananteritz uh this week he had on"}, {"start": "00:10:33", "end": "00:10:38", "text": "the CTO from Meta and I'll be covering"}, {"start": "00:10:36", "end": "00:10:40", "text": "that in the YouTube. Whenever there's a"}, {"start": "00:10:38", "end": "00:10:41", "text": "story that's going around that I'm"}, {"start": "00:10:40", "end": "00:10:43", "text": "trying to figure out what's behind it."}, {"start": "00:10:41", "end": "00:10:45", "text": "They're getting into cloud. They're"}, {"start": "00:10:43", "end": "00:10:47", "text": "saying the agentic world is is not at"}, {"start": "00:10:45", "end": "00:10:49", "text": "where they thought it would be. Well,"}, {"start": "00:10:47", "end": "00:10:51", "text": "then I got to go look up. So, I start"}, {"start": "00:10:49", "end": "00:10:52", "text": "doing a ton of research on consumer"}, {"start": "00:10:51", "end": "00:10:54", "text": "agents. And this is the way I want to"}, {"start": "00:10:52", "end": "00:10:56", "text": "break it down for people as I get into"}, {"start": "00:10:54", "end": "00:10:58", "text": "the Apple discussion. So far, all we've"}, {"start": "00:10:56", "end": "00:11:00", "text": "done is coding agents. And I want people"}, {"start": "00:10:58", "end": "00:11:04", "text": "to understand that that is basically the"}, {"start": "00:11:00", "end": "00:11:06", "text": "language of AI. So we're using more"}, {"start": "00:11:04", "end": "00:11:08", "text": "coding agents and that agentic side"}, {"start": "00:11:06", "end": "00:11:10", "text": "where the workflows are getting longer,"}, {"start": "00:11:08", "end": "00:11:12", "text": "they're getting more complex, they need"}, {"start": "00:11:10", "end": "00:11:14", "text": "some kind of memory."}, {"start": "00:11:12", "end": "00:11:17", "text": "We've we've seen token usage go up"}, {"start": "00:11:14", "end": "00:11:20", "text": "exponentially. Consumer agents are going"}, {"start": "00:11:17", "end": "00:11:24", "text": "to make it have another move higher. And"}, {"start": "00:11:20", "end": "00:11:26", "text": "in listening to Meta multiple times and"}, {"start": "00:11:24", "end": "00:11:29", "text": "people talk about it, the complexity"}, {"start": "00:11:26", "end": "00:11:32", "text": "with consumer agents and what has to go"}, {"start": "00:11:29", "end": "00:11:34", "text": "on, the commerce side, the hey, book me"}, {"start": "00:11:32", "end": "00:11:36", "text": "a trip to Italy. Here's what I care"}, {"start": "00:11:34", "end": "00:11:38", "text": "about. That's far more complicated than"}, {"start": "00:11:36", "end": "00:11:40", "text": "build me this spreadsheet, build me this"}, {"start": "00:11:38", "end": "00:11:42", "text": "model. You have to do a lot more things."}, {"start": "00:11:40", "end": "00:11:45", "text": "You have to visit a lot more sites. It"}, {"start": "00:11:42", "end": "00:11:47", "text": "takes a lot more compute. So the step"}, {"start": "00:11:45", "end": "00:11:49", "text": "function of compute is going to go"}, {"start": "00:11:47", "end": "00:11:51", "text": "exponentially when these guys can solve"}, {"start": "00:11:49", "end": "00:11:53", "text": "this. The reason the Apple thing is"}, {"start": "00:11:51", "end": "00:11:56", "text": "interesting is the same thing with Meta"}, {"start": "00:11:53", "end": "00:11:58", "text": "because Google, Amazon, Amazon has"}, {"start": "00:11:56", "end": "00:12:00", "text": "Alexa, Google has personal u"}, {"start": "00:11:58", "end": "00:12:03", "text": "intelligence. Apple which is trying to"}, {"start": "00:12:00", "end": "00:12:06", "text": "get Siri to work and then Meta which is"}, {"start": "00:12:03", "end": "00:12:07", "text": "trying to monetize Facebook, Instagram,"}, {"start": "00:12:06", "end": "00:12:09", "text": "everything they have in some way with"}, {"start": "00:12:07", "end": "00:12:12", "text": "advertisements but also with AI combined"}, {"start": "00:12:09", "end": "00:12:15", "text": "in as well as all these places having"}, {"start": "00:12:12", "end": "00:12:17", "text": "some kind of hardware. Again, Alexa, uh"}, {"start": "00:12:15", "end": "00:12:19", "text": "the phone, you go through it, everyone"}, {"start": "00:12:17", "end": "00:12:21", "text": "has hardware out of this group. So the"}, {"start": "00:12:19", "end": "00:12:24", "text": "question is think about the how"}, {"start": "00:12:21", "end": "00:12:26", "text": "difficult it is that wow opus 4.8 8 4"}, {"start": "00:12:24", "end": "00:12:28", "text": "point. We've got Fable 5, but yet Siri"}, {"start": "00:12:26", "end": "00:12:31", "text": "still doesn't work. Alexa still doesn't"}, {"start": "00:12:28", "end": "00:12:32", "text": "work. How's that possible? Well, the"}, {"start": "00:12:31", "end": "00:12:36", "text": "complexity of what they're trying to"}, {"start": "00:12:32", "end": "00:12:38", "text": "solve is impossible. I was in um my"}, {"start": "00:12:36", "end": "00:12:41", "text": "Tesla using Grock again this week. And"}, {"start": "00:12:38", "end": "00:12:44", "text": "Grock in a Tesla is phenomenal. The"}, {"start": "00:12:41", "end": "00:12:47", "text": "latency is is is very good. Why can't"}, {"start": "00:12:44", "end": "00:12:49", "text": "they do this with Siri? Well, the car is"}, {"start": "00:12:47", "end": "00:12:51", "text": "on all the time. I'm just driving in it."}, {"start": "00:12:49", "end": "00:12:54", "text": "If you had your phone open all the time,"}, {"start": "00:12:51", "end": "00:12:55", "text": "you could converse with chat GPT. It"}, {"start": "00:12:54", "end": "00:12:57", "text": "would work. So, I think the most"}, {"start": "00:12:55", "end": "00:13:00", "text": "interesting thing with Apple is the take"}, {"start": "00:12:57", "end": "00:13:01", "text": "that I normally have. It sold off and"}, {"start": "00:13:00", "end": "00:13:03", "text": "made all-time highs when they announced"}, {"start": "00:13:01", "end": "00:13:05", "text": "Siri personal intelligence and they"}, {"start": "00:13:03", "end": "00:13:07", "text": "showed what it was able to do. You had"}, {"start": "00:13:05", "end": "00:13:09", "text": "some people saying it was horrible. You"}, {"start": "00:13:07", "end": "00:13:11", "text": "had a lot of people saying it was"}, {"start": "00:13:09", "end": "00:13:14", "text": "shockingly good. Then they had the"}, {"start": "00:13:11", "end": "00:13:15", "text": "memory price side. Okay, memory prices"}, {"start": "00:13:14", "end": "00:13:18", "text": "are going higher. We're going to have to"}, {"start": "00:13:15", "end": "00:13:19", "text": "raise prices. The stock got hit both of"}, {"start": "00:13:18", "end": "00:13:21", "text": "those days. On the Siri day, it made"}, {"start": "00:13:19", "end": "00:13:23", "text": "all-time highs and sold off. And then it"}, {"start": "00:13:21", "end": "00:13:27", "text": "sold off on the memory side, leaving it"}, {"start": "00:13:23", "end": "00:13:29", "text": "down 10 more than 10% off the highs. And"}, {"start": "00:13:27", "end": "00:13:32", "text": "then with no news, it went right back up"}, {"start": "00:13:29", "end": "00:13:35", "text": "to the highs. This is not a cheap stock."}, {"start": "00:13:32", "end": "00:13:38", "text": "This tells me this is a bullish reaction"}, {"start": "00:13:35", "end": "00:13:40", "text": "to bad news. And I like looking into"}, {"start": "00:13:38", "end": "00:13:42", "text": "things. I think the market and"}, {"start": "00:13:40", "end": "00:13:44", "text": "particularly the very smart people are"}, {"start": "00:13:42", "end": "00:13:45", "text": "starting to look ahead to the next 6"}, {"start": "00:13:44", "end": "00:13:48", "text": "months. So, this is the first warning"}, {"start": "00:13:45", "end": "00:13:49", "text": "I'm going to give to people. Uh, the"}, {"start": "00:13:48", "end": "00:13:51", "text": "infrastructure trade was a great"}, {"start": "00:13:49", "end": "00:13:53", "text": "six-month trade. I still think you're"}, {"start": "00:13:51", "end": "00:13:55", "text": "going to make a lot of money being along"}, {"start": "00:13:53", "end": "00:13:56", "text": "the receivers or the the people getting"}, {"start": "00:13:55", "end": "00:13:58", "text": "the money on the infrastructure"}, {"start": "00:13:56", "end": "00:14:00", "text": "buildout, but it's not going to be as"}, {"start": "00:13:58", "end": "00:14:03", "text": "easy. So, I'm calling the the AI"}, {"start": "00:14:00", "end": "00:14:05", "text": "midcycle slowdown is over when it comes"}, {"start": "00:14:03", "end": "00:14:06", "text": "to terms of I think now everyone's a"}, {"start": "00:14:05", "end": "00:14:08", "text": "little bit too negative on the AI"}, {"start": "00:14:06", "end": "00:14:10", "text": "buildout side and they're worried about"}, {"start": "00:14:08", "end": "00:14:12", "text": "this compute thing. Where I think this"}, {"start": "00:14:10", "end": "00:14:15", "text": "is all shifting to is two themes. One is"}, {"start": "00:14:12", "end": "00:14:18", "text": "when consumer agents come, you have to"}, {"start": "00:14:15", "end": "00:14:19", "text": "repric Apple, you have to repric Meta,"}, {"start": "00:14:18", "end": "00:14:21", "text": "you have to repric these stocks because"}, {"start": "00:14:19", "end": "00:14:23", "text": "the ROIC is going to come through. And I"}, {"start": "00:14:21", "end": "00:14:24", "text": "think people are getting more bullish on"}, {"start": "00:14:23", "end": "00:14:27", "text": "these companies with the reality that"}, {"start": "00:14:24", "end": "00:14:28", "text": "that's coming. The second angle is this"}, {"start": "00:14:27", "end": "00:14:30", "text": "is where you start getting into the"}, {"start": "00:14:28", "end": "00:14:32", "text": "crypto side because of the agentic"}, {"start": "00:14:30", "end": "00:14:34", "text": "commerce. They're linked together. And"}, {"start": "00:14:32", "end": "00:14:36", "text": "so I'm looking towards, you know, a year"}, {"start": "00:14:34", "end": "00:14:39", "text": "from now, the major story being how did"}, {"start": "00:14:36", "end": "00:14:40", "text": "we miss Apple? I'm not convinced in meta"}, {"start": "00:14:39", "end": "00:14:42", "text": "yet because it doesn't have the same"}, {"start": "00:14:40", "end": "00:14:44", "text": "technical picture, but I am going to"}, {"start": "00:14:42", "end": "00:14:45", "text": "watch the hyperscalers much more closely"}, {"start": "00:14:44", "end": "00:14:47", "text": "because I think we're getting into a"}, {"start": "00:14:45", "end": "00:14:49", "text": "side where the surprise could be that"}, {"start": "00:14:47", "end": "00:14:51", "text": "we're moving into consumer agents and"}, {"start": "00:14:49", "end": "00:14:54", "text": "away from the coding agents."}, {"start": "00:14:51", "end": "00:14:56", "text": ">> What do you do with Grock in your Tesla?"}, {"start": "00:14:54", "end": "00:14:58", "text": ">> This was real really more"}, {"start": "00:14:56", "end": "00:15:00", "text": "conversational. So, I wanted in fact the"}, {"start": "00:14:58", "end": "00:15:02", "text": "irony is I wanted to have conversation"}, {"start": "00:15:00", "end": "00:15:04", "text": "about exactly what I just talked about."}, {"start": "00:15:02", "end": "00:15:06", "text": "So, the way that I I use it when I'm"}, {"start": "00:15:04", "end": "00:15:08", "text": "driving, especially in Maine, for say an"}, {"start": "00:15:06", "end": "00:15:10", "text": "hour and I've just listened to a"}, {"start": "00:15:08", "end": "00:15:12", "text": "podcast, I will pause the podcast. I"}, {"start": "00:15:10", "end": "00:15:13", "text": "will go to Grock and I will now have a"}, {"start": "00:15:12", "end": "00:15:16", "text": "conversation to expand that"}, {"start": "00:15:13", "end": "00:15:18", "text": "conversation. It's much better in the"}, {"start": "00:15:16", "end": "00:15:21", "text": "car than it is walking around with"}, {"start": "00:15:18", "end": "00:15:23", "text": "chatt. And the reason is because it's on"}, {"start": "00:15:21", "end": "00:15:26", "text": "all the time and the signal is much"}, {"start": "00:15:23", "end": "00:15:28", "text": "better inside the car. So, Grock is more"}, {"start": "00:15:26", "end": "00:15:30", "text": "humanlike for me having the"}, {"start": "00:15:28", "end": "00:15:32", "text": "conversation. And so again, this thing"}, {"start": "00:15:30", "end": "00:15:34", "text": "of having a conversation with a really"}, {"start": "00:15:32", "end": "00:15:36", "text": "smart person, it's literally, hey, I"}, {"start": "00:15:34", "end": "00:15:37", "text": "want to talk about Apple and Meta and"}, {"start": "00:15:36", "end": "00:15:40", "text": "consumer agents. And I'll just give you"}, {"start": "00:15:37", "end": "00:15:42", "text": "one, you know, one factoid that came out"}, {"start": "00:15:40", "end": "00:15:44", "text": "of that. Goldman Sachs had a report out"}, {"start": "00:15:42", "end": "00:15:47", "text": "this year saying consumer agents will"}, {"start": "00:15:44", "end": "00:15:50", "text": "consume about 30 times"}, {"start": "00:15:47", "end": "00:15:53", "text": "30 times what coding agents will consume"}, {"start": "00:15:50", "end": "00:15:56", "text": "from a compute basis. This is why there"}, {"start": "00:15:53", "end": "00:15:58", "text": "is no solution to compute. If you think"}, {"start": "00:15:56", "end": "00:16:00", "text": "there is excess capacity of compute, you"}, {"start": "00:15:58", "end": "00:16:02", "text": "are absolutely wrong."}, {"start": "00:16:00", "end": "00:16:03", "text": ">> Ladies and gentlemen, I'm a software"}, {"start": "00:16:02", "end": "00:16:05", "text": "guy, but every once in a while, I come"}, {"start": "00:16:03", "end": "00:16:06", "text": "across a piece of hardware that I just"}, {"start": "00:16:05", "end": "00:16:08", "text": "simply can't live without. And that's"}, {"start": "00:16:06", "end": "00:16:11", "text": "plaid for me. Now, now this whole thing"}, {"start": "00:16:08", "end": "00:16:12", "text": "is basically a hedge against me losing"}, {"start": "00:16:11", "end": "00:16:14", "text": "my memory because when I have all these"}, {"start": "00:16:12", "end": "00:16:16", "text": "conversations, I talk to founders,"}, {"start": "00:16:14", "end": "00:16:17", "text": "investors, all kinds of people every"}, {"start": "00:16:16", "end": "00:16:18", "text": "single day. There's three things that I"}, {"start": "00:16:17", "end": "00:16:20", "text": "always want to take away from the"}, {"start": "00:16:18", "end": "00:16:22", "text": "conversation. What I learned, what are"}, {"start": "00:16:20", "end": "00:16:23", "text": "the next steps, action items, and then"}, {"start": "00:16:22", "end": "00:16:25", "text": "what notes do I need to remember for"}, {"start": "00:16:23", "end": "00:16:26", "text": "some period in the future? You can even"}, {"start": "00:16:25", "end": "00:16:27", "text": "mark important moments during the"}, {"start": "00:16:26", "end": "00:16:29", "text": "discussion so that you can quickly"}, {"start": "00:16:27", "end": "00:16:30", "text": "reference them later. Whether it's a"}, {"start": "00:16:29", "end": "00:16:32", "text": "founder meeting, an investor call, a"}, {"start": "00:16:30", "end": "00:16:34", "text": "podcast interview, or maybe even just"}, {"start": "00:16:32", "end": "00:16:35", "text": "want to sit down and talk to your"}, {"start": "00:16:34", "end": "00:16:37", "text": "spouse. I could instantly go back and"}, {"start": "00:16:35", "end": "00:16:39", "text": "forth and find key insights, decisions,"}, {"start": "00:16:37", "end": "00:16:41", "text": "action items that I talked about in that"}, {"start": "00:16:39", "end": "00:16:42", "text": "conversation. Over time, every"}, {"start": "00:16:41", "end": "00:16:44", "text": "conversation all of a sudden becomes an"}, {"start": "00:16:42", "end": "00:16:46", "text": "asset instead of a forgotten moment. And"}, {"start": "00:16:44", "end": "00:16:47", "text": "in a world where information is"}, {"start": "00:16:46", "end": "00:16:49", "text": "abundant, the ability to retain and"}, {"start": "00:16:47", "end": "00:16:51", "text": "leverage knowledge is a very real"}, {"start": "00:16:49", "end": "00:16:52", "text": "competitive advantage. That's why Plaude"}, {"start": "00:16:51", "end": "00:16:54", "text": "Note Pro caught my attention recently."}, {"start": "00:16:52", "end": "00:16:56", "text": "It's a credit card sized notetaker."}, {"start": "00:16:54", "end": "00:16:57", "text": "Slim, portable, perfectly integrated"}, {"start": "00:16:56", "end": "00:16:59", "text": "with my phone. And the part that I love"}, {"start": "00:16:57", "end": "00:17:00", "text": "about it is that it automatically"}, {"start": "00:16:59", "end": "00:17:02", "text": "captures conversations. It turns it into"}, {"start": "00:17:00", "end": "00:17:04", "text": "board ready summaries. You can have"}, {"start": "00:17:02", "end": "00:17:06", "text": "structured action items and it does"}, {"start": "00:17:04", "end": "00:17:07", "text": "flawless transcription. It is really"}, {"start": "00:17:06", "end": "00:17:09", "text": "magical and you should try it out. So go"}, {"start": "00:17:07", "end": "00:17:10", "text": "check them out. This hardware has"}, {"start": "00:17:09", "end": "00:17:12", "text": "completely changed my life and I think"}, {"start": "00:17:10", "end": "00:17:13", "text": "that you'll end up finding it very"}, {"start": "00:17:12", "end": "00:17:15", "text": "valuable. So if you want to use Plaude"}, {"start": "00:17:13", "end": "00:17:16", "text": "and get the same value out of it that"}, {"start": "00:17:15", "end": "00:17:19", "text": "I've gotten out of it, go check them out"}, {"start": "00:17:16", "end": "00:17:21", "text": "at plaude.ai/pmp."}, {"start": "00:17:19", "end": "00:17:24", "text": "You can go to plaude.ai/p ai/pom and get"}, {"start": "00:17:21", "end": "00:17:25", "text": "15% off if you use the code pump or just"}, {"start": "00:17:24", "end": "00:17:28", "text": "go click on the link in the description."}, {"start": "00:17:25", "end": "00:17:31", "text": "So go to plaud.ai/pmp"}, {"start": "00:17:28", "end": "00:17:32", "text": "today. Now when we look at the compute"}, {"start": "00:17:31", "end": "00:17:34", "text": "issue, obviously that's one of the big"}, {"start": "00:17:32", "end": "00:17:35", "text": "things. People saw uh Meta's"}, {"start": "00:17:34", "end": "00:17:38", "text": "announcement, they start getting worried"}, {"start": "00:17:35", "end": "00:17:41", "text": "about that. Um we continue to see"}, {"start": "00:17:38", "end": "00:17:43", "text": "volatility in a lot of these names. Uh"}, {"start": "00:17:41", "end": "00:17:44", "text": "Bloom Energy, now there's a bunch of"}, {"start": "00:17:43", "end": "00:17:46", "text": "these short reports that are starting to"}, {"start": "00:17:44", "end": "00:17:48", "text": "come out. It almost feels like the"}, {"start": "00:17:46", "end": "00:17:50", "text": "people who are pessimistic, they are"}, {"start": "00:17:48", "end": "00:17:52", "text": "just waiting to pick their shot and they"}, {"start": "00:17:50", "end": "00:17:55", "text": "think that all this stuff is overvalued."}, {"start": "00:17:52", "end": "00:17:57", "text": "Can short sellers make money in a market"}, {"start": "00:17:55", "end": "00:17:59", "text": "like this? Like how do you think about"}, {"start": "00:17:57", "end": "00:18:00", "text": "the other side? Right? You're bullish on"}, {"start": "00:17:59", "end": "00:18:02", "text": "this. I'm bullish on this. Many people"}, {"start": "00:18:00", "end": "00:18:05", "text": "are buying these names. What about the"}, {"start": "00:18:02", "end": "00:18:07", "text": "other side? Like do they have any uh"}, {"start": "00:18:05", "end": "00:18:09", "text": "credible critiques that you think uh"}, {"start": "00:18:07", "end": "00:18:11", "text": "people should pay attention to?"}, {"start": "00:18:09", "end": "00:18:14", "text": ">> Well, of course. Listen, let's go back"}, {"start": "00:18:11", "end": "00:18:16", "text": "to me um selling out of Micron but still"}, {"start": "00:18:14", "end": "00:18:18", "text": "believing the memory trade is going to"}, {"start": "00:18:16", "end": "00:18:23", "text": "continue. Um in fact, one of the things"}, {"start": "00:18:18", "end": "00:18:25", "text": "just to give people a a preview. Um I"}, {"start": "00:18:23", "end": "00:18:26", "text": "part of the reason I I sold out of"}, {"start": "00:18:25", "end": "00:18:28", "text": "Micron was because the speculation"}, {"start": "00:18:26", "end": "00:18:32", "text": "everywhere was starting to become"}, {"start": "00:18:28", "end": "00:18:33", "text": "evident. Um and again it it was"}, {"start": "00:18:32", "end": "00:18:36", "text": "leverage."}, {"start": "00:18:33", "end": "00:18:39", "text": "So when I see leverage forming and"}, {"start": "00:18:36", "end": "00:18:41", "text": "obvious in Korea and I see leverage in"}, {"start": "00:18:39", "end": "00:18:43", "text": "macro strip strategies and I see"}, {"start": "00:18:41", "end": "00:18:46", "text": "leverage in fundamental long short"}, {"start": "00:18:43", "end": "00:18:47", "text": "strategies where 6 months ago they were"}, {"start": "00:18:46", "end": "00:18:50", "text": "arguing with me on memory already being"}, {"start": "00:18:47", "end": "00:18:52", "text": "expensive and now they're bragging about"}, {"start": "00:18:50", "end": "00:18:54", "text": "the fact that this has 5 years to go. I"}, {"start": "00:18:52", "end": "00:18:56", "text": "just start to reduce the risk and I"}, {"start": "00:18:54", "end": "00:18:59", "text": "think there's better places to put my"}, {"start": "00:18:56", "end": "00:19:01", "text": "money. Um, and now I have to get my"}, {"start": "00:18:59", "end": "00:19:03", "text": "brain around the fact that to buy Micron"}, {"start": "00:19:01", "end": "00:19:04", "text": "back, I'm going to have to buy it above"}, {"start": "00:19:03", "end": "00:19:06", "text": "where I sold it. There's absolutely no"}, {"start": "00:19:04", "end": "00:19:07", "text": "question. Now, I don't have a problem"}, {"start": "00:19:06", "end": "00:19:10", "text": "with that because I've been a trader my"}, {"start": "00:19:07", "end": "00:19:12", "text": "life. But I do think that there are ways"}, {"start": "00:19:10", "end": "00:19:15", "text": "Micron went up to 1300. So, if you sold"}, {"start": "00:19:12", "end": "00:19:19", "text": "it at, you know, 1250 and you bought it"}, {"start": "00:19:15", "end": "00:19:21", "text": "back at 900, you can trade, you know,"}, {"start": "00:19:19", "end": "00:19:23", "text": "bubbles, parabas, and all these things"}, {"start": "00:19:21", "end": "00:19:25", "text": "that I've talked about, you will have 30"}, {"start": "00:19:23", "end": "00:19:26", "text": "to 40% corrections. And a lot of the"}, {"start": "00:19:25", "end": "00:19:28", "text": "these names, we've had some of the"}, {"start": "00:19:26", "end": "00:19:30", "text": "largest corrections in the history of"}, {"start": "00:19:28", "end": "00:19:34", "text": "their stocks. And that's that's, you"}, {"start": "00:19:30", "end": "00:19:37", "text": "know, serious. Samsung uh over a 10-day"}, {"start": "00:19:34", "end": "00:19:39", "text": "period was down 20%. Um and that's"}, {"start": "00:19:37", "end": "00:19:42", "text": "despite"}, {"start": "00:19:39", "end": "00:19:43", "text": "making uh enough money to basically to"}, {"start": "00:19:42", "end": "00:19:45", "text": "be more than they've made in their"}, {"start": "00:19:43", "end": "00:19:47", "text": "40-year history. That's what's expected"}, {"start": "00:19:45", "end": "00:19:50", "text": "for this year. So, you can have price"}, {"start": "00:19:47", "end": "00:19:52", "text": "falls. You can short Bloom Energy. I"}, {"start": "00:19:50", "end": "00:19:53", "text": "just think people are making a mistake"}, {"start": "00:19:52", "end": "00:19:56", "text": "if they're thinking about this longer"}, {"start": "00:19:53", "end": "00:19:58", "text": "term. My general rule is as a macro"}, {"start": "00:19:56", "end": "00:20:01", "text": "person, I try to find which way the"}, {"start": "00:19:58", "end": "00:20:03", "text": "river is flowing and I'm either in that"}, {"start": "00:20:01", "end": "00:20:05", "text": "side of the river going up or I'm just"}, {"start": "00:20:03", "end": "00:20:06", "text": "not in the trade. And that's the way I"}, {"start": "00:20:05", "end": "00:20:09", "text": "thought about micron. I still think"}, {"start": "00:20:06", "end": "00:20:11", "text": "you'll see 4,000 5,000 in micron before"}, {"start": "00:20:09", "end": "00:20:13", "text": "this is done. I think it'll be harder to"}, {"start": "00:20:11", "end": "00:20:16", "text": "ride it from a,000 to 5,000 than it was"}, {"start": "00:20:13", "end": "00:20:18", "text": "to go from 100 to 500. And that's my"}, {"start": "00:20:16", "end": "00:20:19", "text": "general take is I I'm going to trade it"}, {"start": "00:20:18", "end": "00:20:21", "text": "more often. I'll get out. I'll get in"}, {"start": "00:20:19", "end": "00:20:23", "text": "and I'll look for points. Uh but I do"}, {"start": "00:20:21", "end": "00:20:24", "text": "think for people who want to short them,"}, {"start": "00:20:23", "end": "00:20:26", "text": "they just have to have a shorter time"}, {"start": "00:20:24", "end": "00:20:27", "text": "horizon."}, {"start": "00:20:26", "end": "00:20:29", "text": ">> You mentioned Samsung. Talk a little bit"}, {"start": "00:20:27", "end": "00:20:31", "text": "about them. They reported these like"}, {"start": "00:20:29", "end": "00:20:33", "text": "blowout earnings, but they sold off."}, {"start": "00:20:31", "end": "00:20:35", "text": "What What's going on there?"}, {"start": "00:20:33", "end": "00:20:37", "text": ">> Yeah, like I said, I mean, the numbers"}, {"start": "00:20:35", "end": "00:20:41", "text": "are astonishing. And for people who who"}, {"start": "00:20:37", "end": "00:20:45", "text": "just haven't read the story,"}, {"start": "00:20:41", "end": "00:20:48", "text": "they're they're expected to make $217"}, {"start": "00:20:45", "end": "00:20:50", "text": "billion dollar this year. I mean I with"}, {"start": "00:20:48", "end": "00:20:52", "text": "a B with a B that's how much they're"}, {"start": "00:20:50", "end": "00:20:54", "text": "expected to make not the revenues how"}, {"start": "00:20:52", "end": "00:20:57", "text": "much they're or earnings are supposed to"}, {"start": "00:20:54", "end": "00:21:01", "text": "be this year over the last 40 years they"}, {"start": "00:20:57", "end": "00:21:03", "text": "haven't made a combined $217 billion. So"}, {"start": "00:21:01", "end": "00:21:05", "text": "you have to put that in the context and"}, {"start": "00:21:03", "end": "00:21:08", "text": "realize that number one when people say"}, {"start": "00:21:05", "end": "00:21:10", "text": "this is a bubble it's not a bubble like"}, {"start": "00:21:08", "end": "00:21:12", "text": "the earnings are massive. Number two,"}, {"start": "00:21:10", "end": "00:21:14", "text": "the amount of chips they're selling and"}, {"start": "00:21:12", "end": "00:21:16", "text": "how far into the future they're going to"}, {"start": "00:21:14", "end": "00:21:19", "text": "be selling this stuff. It's just not"}, {"start": "00:21:16", "end": "00:21:22", "text": "easy to build memory capacity. So"}, {"start": "00:21:19", "end": "00:21:24", "text": "Samsung along with SKHEX and Micron have"}, {"start": "00:21:22", "end": "00:21:25", "text": "benefited significantly and they're"}, {"start": "00:21:24", "end": "00:21:27", "text": "going to continue to benefit"}, {"start": "00:21:25", "end": "00:21:30", "text": "significantly. But like I said, if you"}, {"start": "00:21:27", "end": "00:21:33", "text": "go back over the last 25 years, the the"}, {"start": "00:21:30", "end": "00:21:36", "text": "the only time they had a correction"}, {"start": "00:21:33", "end": "00:21:37", "text": "greater than 20% over a 10day period, I"}, {"start": "00:21:36", "end": "00:21:39", "text": "believe, was when the world shut down"}, {"start": "00:21:37", "end": "00:21:41", "text": "for a virus that was going to kill"}, {"start": "00:21:39", "end": "00:21:42", "text": "everyone, and it was very similar to one"}, {"start": "00:21:41", "end": "00:21:44", "text": "that happened just after Lehman"}, {"start": "00:21:42", "end": "00:21:47", "text": "Brothers. Those are the only two times"}, {"start": "00:21:44", "end": "00:21:49", "text": "in 25 years. And yet, it's still near"}, {"start": "00:21:47", "end": "00:21:52", "text": "the all-time highs, even though it's off"}, {"start": "00:21:49", "end": "00:21:53", "text": "20% and it's still a parabola. Here's"}, {"start": "00:21:52", "end": "00:21:56", "text": "the thing I would say. I saw a lot of"}, {"start": "00:21:53", "end": "00:21:58", "text": "people be very negative because one of"}, {"start": "00:21:56", "end": "00:22:01", "text": "the things that we like to do is, hey,"}, {"start": "00:21:58", "end": "00:22:03", "text": "they sold off on good news."}, {"start": "00:22:01", "end": "00:22:04", "text": "The problem is they were already down"}, {"start": "00:22:03", "end": "00:22:07", "text": "15%"}, {"start": "00:22:04", "end": "00:22:09", "text": "off the highs when that happened. So, I"}, {"start": "00:22:07", "end": "00:22:11", "text": "I don't care about it nearly as much."}, {"start": "00:22:09", "end": "00:22:13", "text": "What I look for in those types of sell"}, {"start": "00:22:11", "end": "00:22:15", "text": "the news things is when the stock is at"}, {"start": "00:22:13", "end": "00:22:17", "text": "all-time highs, it opens higher and then"}, {"start": "00:22:15", "end": "00:22:19", "text": "it sells off and it catches everyone and"}, {"start": "00:22:17", "end": "00:22:21", "text": "then that usually leads to a two-month"}, {"start": "00:22:19", "end": "00:22:24", "text": "or so correction. These things have been"}, {"start": "00:22:21", "end": "00:22:26", "text": "correcting now for about 4 to 6 weeks."}, {"start": "00:22:24", "end": "00:22:27", "text": "And I say four to 6 weeks. Even though"}, {"start": "00:22:26", "end": "00:22:30", "text": "they made new all-time highs, you"}, {"start": "00:22:27", "end": "00:22:31", "text": "started to see the weakness in late May."}, {"start": "00:22:30", "end": "00:22:33", "text": "And that's when I really started to"}, {"start": "00:22:31", "end": "00:22:35", "text": "pound the table on, okay, I really think"}, {"start": "00:22:33", "end": "00:22:38", "text": "the AI midcycle slowdown is there. And"}, {"start": "00:22:35", "end": "00:22:40", "text": "all we've done is wipe out the leverage"}, {"start": "00:22:38", "end": "00:22:43", "text": "at this point across three buckets."}, {"start": "00:22:40", "end": "00:22:45", "text": "Systematic MA uh quant strategies have"}, {"start": "00:22:43", "end": "00:22:47", "text": "been forced to take down their leverage."}, {"start": "00:22:45", "end": "00:22:50", "text": "We've also seen Korean investors uh"}, {"start": "00:22:47", "end": "00:22:53", "text": "forced take down. We've seen the ETFs,"}, {"start": "00:22:50", "end": "00:22:55", "text": "the two-time ETF in Hong Kong go down"}, {"start": "00:22:53", "end": "00:22:57", "text": "62%. Like we've seen enough in my"}, {"start": "00:22:55", "end": "00:23:00", "text": "opinion that we have a more balanced"}, {"start": "00:22:57", "end": "00:23:03", "text": "market. And if you looked at what SKHENX"}, {"start": "00:23:00", "end": "00:23:05", "text": "did with their ADR issuance and how"}, {"start": "00:23:03", "end": "00:23:07", "text": "overs subscribed it was on the IPO"}, {"start": "00:23:05", "end": "00:23:09", "text": "coming to the market, but then when you"}, {"start": "00:23:07", "end": "00:23:11", "text": "read that most of the buyers or a lot of"}, {"start": "00:23:09", "end": "00:23:13", "text": "the buyers were long only people, this"}, {"start": "00:23:11", "end": "00:23:15", "text": "is the way long only managers are"}, {"start": "00:23:13", "end": "00:23:16", "text": "showing their hand, which is they missed"}, {"start": "00:23:15", "end": "00:23:19", "text": "this party on the way up. to move too"}, {"start": "00:23:16", "end": "00:23:20", "text": "fast for how fast they deploy money,"}, {"start": "00:23:19", "end": "00:23:21", "text": "they're going to be underneath to buy"}, {"start": "00:23:20", "end": "00:23:23", "text": "things. So, I'm very comfortable that"}, {"start": "00:23:21", "end": "00:23:25", "text": "we've done enough damage. Maybe we make"}, {"start": "00:23:23", "end": "00:23:27", "text": "a little bit more new lows during"}, {"start": "00:23:25", "end": "00:23:29", "text": "earning season, particularly on some"}, {"start": "00:23:27", "end": "00:23:31", "text": "stocks, but the volatility is way too"}, {"start": "00:23:29", "end": "00:23:32", "text": "high in the momentum side. It's going to"}, {"start": "00:23:31", "end": "00:23:34", "text": "come down and it's going to come down"}, {"start": "00:23:32", "end": "00:23:35", "text": "through lower correlation amongst the"}, {"start": "00:23:34", "end": "00:23:37", "text": "names."}, {"start": "00:23:35", "end": "00:23:39", "text": ">> I know as the uh AI trade is maybe"}, {"start": "00:23:37", "end": "00:23:41", "text": "gearing up to uh to get out of this"}, {"start": "00:23:39", "end": "00:23:43", "text": "midcycle slowdown, uh you've become more"}, {"start": "00:23:41", "end": "00:23:45", "text": "bullish on Bitcoin. What's going on"}, {"start": "00:23:43", "end": "00:23:48", "text": "there?"}, {"start": "00:23:45", "end": "00:23:50", "text": "Uh well, it's really I mean we talked"}, {"start": "00:23:48", "end": "00:23:52", "text": "about it, but I'll just re-emphasize uh"}, {"start": "00:23:50", "end": "00:23:54", "text": "a couple things and then I'll get into a"}, {"start": "00:23:52", "end": "00:23:57", "text": "bigger topic that I'm starting to to to"}, {"start": "00:23:54", "end": "00:23:59", "text": "say to managers and explain why I even"}, {"start": "00:23:57", "end": "00:24:03", "text": "am starting a YouTube specifically on"}, {"start": "00:23:59", "end": "00:24:05", "text": "crypto targeted for September. Uh as"}, {"start": "00:24:03", "end": "00:24:06", "text": "people get to know me, uh I still I'll"}, {"start": "00:24:05", "end": "00:24:08", "text": "always be a trader. I'll always look for"}, {"start": "00:24:06", "end": "00:24:10", "text": "the best timing on things. But when"}, {"start": "00:24:08", "end": "00:24:12", "text": "you're running a business, you want to"}, {"start": "00:24:10", "end": "00:24:14", "text": "start things at a time when people are"}, {"start": "00:24:12", "end": "00:24:16", "text": "going to start to be looking for them."}, {"start": "00:24:14", "end": "00:24:18", "text": "Um and I think uh this is a really"}, {"start": "00:24:16", "end": "00:24:21", "text": "important story. So the first thing is I"}, {"start": "00:24:18", "end": "00:24:24", "text": "always look for technical signs and I"}, {"start": "00:24:21", "end": "00:24:27", "text": "finally got my first RSI divergence"}, {"start": "00:24:24", "end": "00:24:31", "text": "since the peak uh at the end of last"}, {"start": "00:24:27", "end": "00:24:34", "text": "year and that divergence was using"}, {"start": "00:24:31", "end": "00:24:36", "text": "basically a 4hour RSI and I look for"}, {"start": "00:24:34", "end": "00:24:38", "text": "points where the price makes new low"}, {"start": "00:24:36", "end": "00:24:41", "text": "which happened when we broke through"}, {"start": "00:24:38", "end": "00:24:43", "text": "60,000 recently but the RSI is higher"}, {"start": "00:24:41", "end": "00:24:44", "text": "than it was at the prior low. plain and"}, {"start": "00:24:43", "end": "00:24:47", "text": "simple. Now, that was the first time"}, {"start": "00:24:44", "end": "00:24:49", "text": "that we got one. So, as a trader, I go,"}, {"start": "00:24:47", "end": "00:24:51", "text": "\"Well, now I can buy something when we"}, {"start": "00:24:49", "end": "00:24:53", "text": "get back above 60 and I'll just stop"}, {"start": "00:24:51", "end": "00:24:54", "text": "myself back out below the lows.\" That's"}, {"start": "00:24:53", "end": "00:24:55", "text": "the way a trader trades and that's the"}, {"start": "00:24:54", "end": "00:24:57", "text": "way that I've always thought. It's the"}, {"start": "00:24:55", "end": "00:24:58", "text": "way I was brought up. And I'm an Elliot"}, {"start": "00:24:57", "end": "00:25:00", "text": "wave guy and I still believe we're"}, {"start": "00:24:58", "end": "00:25:02", "text": "entering a very, very big thing. My"}, {"start": "00:25:00", "end": "00:25:04", "text": "belief is that over the course of the"}, {"start": "00:25:02", "end": "00:25:06", "text": "next year, we are near the bottom end of"}, {"start": "00:25:04", "end": "00:25:08", "text": "the range of Bitcoin. And see how I said"}, {"start": "00:25:06", "end": "00:25:10", "text": "that, near. Could we go to 50? Yeah."}, {"start": "00:25:08", "end": "00:25:12", "text": "Could we go to 45? Yeah. Do I think"}, {"start": "00:25:10", "end": "00:25:14", "text": "we'll be over 100 a year from now? Yeah."}, {"start": "00:25:12", "end": "00:25:18", "text": "So what do I care whether I buy"}, {"start": "00:25:14", "end": "00:25:20", "text": "something at 60 or whatever? Yes, my my"}, {"start": "00:25:18", "end": "00:25:21", "text": "percentage gain will be better, but if"}, {"start": "00:25:20", "end": "00:25:23", "text": "we're above 100, I don't care. So that's"}, {"start": "00:25:21", "end": "00:25:26", "text": "the first thing. The second thing is"}, {"start": "00:25:23", "end": "00:25:29", "text": "I've highlighted that we probably all"}, {"start": "00:25:26", "end": "00:25:32", "text": "underestimated, I know I did, the impact"}, {"start": "00:25:29", "end": "00:25:34", "text": "that the AI capital suck would have from"}, {"start": "00:25:32", "end": "00:25:37", "text": "the rest of everything. It's not just"}, {"start": "00:25:34", "end": "00:25:39", "text": "Bitcoin people, it's the hyperscalers as"}, {"start": "00:25:37", "end": "00:25:42", "text": "well. basically my benchmark arbitrage"}, {"start": "00:25:39", "end": "00:25:45", "text": "of money rotating into the space that's"}, {"start": "00:25:42", "end": "00:25:48", "text": "going the fastest. Micron went up 20"}, {"start": "00:25:45", "end": "00:25:50", "text": "times. A 20 bagger. 20 bagger. You don't"}, {"start": "00:25:48", "end": "00:25:54", "text": "get that in big companies and this is a"}, {"start": "00:25:50", "end": "00:25:55", "text": "big company. So for that to happen,"}, {"start": "00:25:54", "end": "00:25:56", "text": "you didn't need to buy Bitcoin. You"}, {"start": "00:25:55", "end": "00:25:58", "text": "didn't need to buy crypto. You didn't"}, {"start": "00:25:56", "end": "00:26:00", "text": "need to buy any of this stuff. Every"}, {"start": "00:25:58", "end": "00:26:02", "text": "single person in Silicon Valley talked"}, {"start": "00:26:00", "end": "00:26:04", "text": "about how startups, if you had AI"}, {"start": "00:26:02", "end": "00:26:05", "text": "attached to it, nobody wanted crypto. At"}, {"start": "00:26:04", "end": "00:26:07", "text": "the end of the day, people want to"}, {"start": "00:26:05", "end": "00:26:09", "text": "invest in things that are working. And"}, {"start": "00:26:07", "end": "00:26:13", "text": "so once it started to move lower, which"}, {"start": "00:26:09", "end": "00:26:16", "text": "coincided in October with the release of"}, {"start": "00:26:13", "end": "00:26:18", "text": "Opus 4.5, but it also coincided with"}, {"start": "00:26:16", "end": "00:26:19", "text": "another strong secular trend that has"}, {"start": "00:26:18", "end": "00:26:23", "text": "still been in place until last week,"}, {"start": "00:26:19", "end": "00:26:25", "text": "which was rate cuts. We had 150 basis"}, {"start": "00:26:23", "end": "00:26:28", "text": "points of rate cuts still in the market"}, {"start": "00:26:25", "end": "00:26:31", "text": "as of October or late September of last"}, {"start": "00:26:28", "end": "00:26:33", "text": "year. That peaked there. Some of it came"}, {"start": "00:26:31", "end": "00:26:35", "text": "out because of the actual cut, but then"}, {"start": "00:26:33", "end": "00:26:38", "text": "a lot of it came out because we started"}, {"start": "00:26:35", "end": "00:26:42", "text": "to build in hikes. And we have about we"}, {"start": "00:26:38", "end": "00:26:45", "text": "have a full cut plus percent of sorry"}, {"start": "00:26:42", "end": "00:26:47", "text": "hike plus a hot probability of another"}, {"start": "00:26:45", "end": "00:26:48", "text": "one before the end of the year. So"}, {"start": "00:26:47", "end": "00:26:51", "text": "here's what I'm telling you is going to"}, {"start": "00:26:48", "end": "00:26:52", "text": "happen in my mind. Um that's all going"}, {"start": "00:26:51", "end": "00:26:54", "text": "to change or at least the rate of change"}, {"start": "00:26:52", "end": "00:26:56", "text": "is going to be there. And I'm afraid of"}, {"start": "00:26:54", "end": "00:26:58", "text": "change guys. I do not think they want to"}, {"start": "00:26:56", "end": "00:27:00", "text": "hike. I did a piece on the Fed this week"}, {"start": "00:26:58", "end": "00:27:03", "text": "and made sure that everyone was"}, {"start": "00:27:00", "end": "00:27:05", "text": "highlighted that hey the Fed Walsh has"}, {"start": "00:27:03", "end": "00:27:08", "text": "spoken. He believes AI is going to be a"}, {"start": "00:27:05", "end": "00:27:10", "text": "productivity boom and that there might"}, {"start": "00:27:08", "end": "00:27:12", "text": "be a point at the beginning where it's a"}, {"start": "00:27:10", "end": "00:27:14", "text": "little inflationary before we get to"}, {"start": "00:27:12", "end": "00:27:16", "text": "deflationary, but the last thing he"}, {"start": "00:27:14", "end": "00:27:18", "text": "wants to do is go on some tight hiking"}, {"start": "00:27:16", "end": "00:27:20", "text": "cycle because of inflation. We're going"}, {"start": "00:27:18", "end": "00:27:22", "text": "to get a negative CPI print. The"}, {"start": "00:27:20", "end": "00:27:25", "text": "question is July 29th when we have the"}, {"start": "00:27:22", "end": "00:27:27", "text": "FOMC, are they going to raise rates?"}, {"start": "00:27:25", "end": "00:27:29", "text": "There's a possibility, a good"}, {"start": "00:27:27", "end": "00:27:32", "text": "possibility, it's like 35 to 40% that"}, {"start": "00:27:29", "end": "00:27:35", "text": "they will. If they don't, then I think"}, {"start": "00:27:32", "end": "00:27:36", "text": "Bitcoin will be above 70,000 when that"}, {"start": "00:27:35", "end": "00:27:39", "text": "time comes because I think people are"}, {"start": "00:27:36", "end": "00:27:40", "text": "going to start factoring in the fact"}, {"start": "00:27:39", "end": "00:27:42", "text": "that maybe they're not going at all this"}, {"start": "00:27:40", "end": "00:27:44", "text": "year before the midterms. Does he really"}, {"start": "00:27:42", "end": "00:27:46", "text": "want to hike before the midterms when he"}, {"start": "00:27:44", "end": "00:27:48", "text": "was brought in by Trump? So, I think"}, {"start": "00:27:46", "end": "00:27:50", "text": "that may be on hold for a while. And"}, {"start": "00:27:48", "end": "00:27:51", "text": "it's not that it's a big deal because it"}, {"start": "00:27:50", "end": "00:27:54", "text": "means they're not cutting rates. But"}, {"start": "00:27:51", "end": "00:27:56", "text": "since hikes are expected, it is a"}, {"start": "00:27:54", "end": "00:27:58", "text": "positive relative to expectations."}, {"start": "00:27:56", "end": "00:27:59", "text": "Those are the ways that I'm kind of"}, {"start": "00:27:58", "end": "00:28:01", "text": "looking at it. But I want to leave one"}, {"start": "00:27:59", "end": "00:28:03", "text": "more thing for people and this gets into"}, {"start": "00:28:01", "end": "00:28:06", "text": "the bigger picture. Scott Besson gave a"}, {"start": "00:28:03", "end": "00:28:11", "text": "speech at the New York uh economic club"}, {"start": "00:28:06", "end": "00:28:13", "text": "and I posted something on X uh on Friday"}, {"start": "00:28:11", "end": "00:28:14", "text": "that Matt Hogan had put out. I do think"}, {"start": "00:28:13", "end": "00:28:16", "text": "people should read the speech. I think"}, {"start": "00:28:14", "end": "00:28:19", "text": "they should also read the op-ed from"}, {"start": "00:28:16", "end": "00:28:22", "text": "Muhammad Alan on it. This is the fact"}, {"start": "00:28:19", "end": "00:28:25", "text": "guys and we talk about it here. The"}, {"start": "00:28:22", "end": "00:28:28", "text": "administration is very focused on"}, {"start": "00:28:25", "end": "00:28:31", "text": "changing the way the US does business"}, {"start": "00:28:28", "end": "00:28:34", "text": "around the globe and part of that change"}, {"start": "00:28:31", "end": "00:28:36", "text": "is making sure that they don't lose the"}, {"start": "00:28:34", "end": "00:28:38", "text": "control of the financial system or be"}, {"start": "00:28:36", "end": "00:28:41", "text": "the leader of the financial guard rails."}, {"start": "00:28:38", "end": "00:28:43", "text": "He specifically said that digital"}, {"start": "00:28:41", "end": "00:28:45", "text": "assets, tokenization,"}, {"start": "00:28:43", "end": "00:28:48", "text": "stable coins are all part of the"}, {"start": "00:28:45", "end": "00:28:50", "text": "administration's focus on this new"}, {"start": "00:28:48", "end": "00:28:53", "text": "economic order. You have to understand"}, {"start": "00:28:50", "end": "00:28:56", "text": "what that means. They are focused on"}, {"start": "00:28:53", "end": "00:28:58", "text": "crypto being part of the guard rails and"}, {"start": "00:28:56", "end": "00:29:01", "text": "this coincides with AI. So the reason I"}, {"start": "00:28:58", "end": "00:29:04", "text": "named it AI macro nexus, the reason I do"}, {"start": "00:29:01", "end": "00:29:06", "text": "my YouTube and it's about 90% a"}, {"start": "00:29:04", "end": "00:29:08", "text": "combination of the impact AI is having"}, {"start": "00:29:06", "end": "00:29:11", "text": "on the macro world we exist in today and"}, {"start": "00:29:08", "end": "00:29:12", "text": "10% on crypto and what that means. We're"}, {"start": "00:29:11", "end": "00:29:14", "text": "now at the point where the reason I'm"}, {"start": "00:29:12", "end": "00:29:16", "text": "going to do YouTube where it's going to"}, {"start": "00:29:14", "end": "00:29:18", "text": "be about 70% starting with crypto and"}, {"start": "00:29:16", "end": "00:29:21", "text": "then showing the difference of the macro"}, {"start": "00:29:18", "end": "00:29:23", "text": "world and AI connected to it is because"}, {"start": "00:29:21", "end": "00:29:25", "text": "we are about to enter the AI agentic"}, {"start": "00:29:23", "end": "00:29:27", "text": "commerce side which means the velocity"}, {"start": "00:29:25", "end": "00:29:30", "text": "of money is going to increase. the"}, {"start": "00:29:27", "end": "00:29:32", "text": "dormant assets that remain in the form"}, {"start": "00:29:30", "end": "00:29:35", "text": "of housing, real estate around the globe"}, {"start": "00:29:32", "end": "00:29:37", "text": "are going to be liqufied and turned into"}, {"start": "00:29:35", "end": "00:29:39", "text": "active cash over the next five years"}, {"start": "00:29:37", "end": "00:29:41", "text": "through tokenization. These are all"}, {"start": "00:29:39", "end": "00:29:43", "text": "major positives and that's the reason"}, {"start": "00:29:41", "end": "00:29:45", "text": "why I think you're at the beginning of a"}, {"start": "00:29:43", "end": "00:29:48", "text": "multi-year bull market in Bitcoin. And"}, {"start": "00:29:45", "end": "00:29:49", "text": "whether it starts in October, whether it"}, {"start": "00:29:48", "end": "00:29:52", "text": "starts in December, or whether it starts"}, {"start": "00:29:49", "end": "00:29:54", "text": "right now, I think we're at the bottom"}, {"start": "00:29:52", "end": "00:29:56", "text": "end of the range for the next year."}, {"start": "00:29:54", "end": "00:29:59", "text": "I recently saw a statistic that showed"}, {"start": "00:29:56", "end": "00:30:00", "text": "uh stable coins are spiking on the"}, {"start": "00:29:59", "end": "00:30:02", "text": "weekends in terms of volume which makes"}, {"start": "00:30:00", "end": "00:30:05", "text": "sense. The banks are closed, right? So"}, {"start": "00:30:02", "end": "00:30:07", "text": "people want to uh access it. We also saw"}, {"start": "00:30:05", "end": "00:30:09", "text": "the open stable coin a kind of"}, {"start": "00:30:07", "end": "00:30:11", "text": "consortium that got announced. I think"}, {"start": "00:30:09", "end": "00:30:13", "text": "they have like Mastercard and Visa and"}, {"start": "00:30:11", "end": "00:30:16", "text": "Stripe. You a bunch of people all"}, {"start": "00:30:13", "end": "00:30:18", "text": "participating in this and it just feels"}, {"start": "00:30:16", "end": "00:30:20", "text": "like some of this is hey how do I get"}, {"start": "00:30:18", "end": "00:30:24", "text": "into the stable coin game? But a lot of"}, {"start": "00:30:20", "end": "00:30:25", "text": "it is the agents need money and what"}, {"start": "00:30:24", "end": "00:30:28", "text": "money are they going to use, how are"}, {"start": "00:30:25", "end": "00:30:30", "text": "they going to use this, whatever. Um, do"}, {"start": "00:30:28", "end": "00:30:32", "text": "you see anything on that front or are"}, {"start": "00:30:30", "end": "00:30:35", "text": "you hearing anything from fund managers"}, {"start": "00:30:32", "end": "00:30:37", "text": "that suggests they're now starting to"}, {"start": "00:30:35", "end": "00:30:40", "text": "move some of their funds into whether"}, {"start": "00:30:37", "end": "00:30:41", "text": "it's stable coins or bitcoin or is this"}, {"start": "00:30:40", "end": "00:30:43", "text": "more so you think we're pretty early in"}, {"start": "00:30:41", "end": "00:30:45", "text": "this reversal and you're you're starting"}, {"start": "00:30:43", "end": "00:30:46", "text": "to buy now because you know you think"}, {"start": "00:30:45", "end": "00:30:50", "text": "that's what's people are going to be"}, {"start": "00:30:46", "end": "00:30:51", "text": "doing 3 months from now. So price leaves"}, {"start": "00:30:50", "end": "00:30:53", "text": "nar leads narrative. The first thing"}, {"start": "00:30:51", "end": "00:30:54", "text": "that always happens in a bottom is you"}, {"start": "00:30:53", "end": "00:30:56", "text": "start getting short covering because"}, {"start": "00:30:54", "end": "00:30:59", "text": "people are frustrated that this has gone"}, {"start": "00:30:56", "end": "00:31:02", "text": "on. I think Bitcoin has been a funding"}, {"start": "00:30:59", "end": "00:31:04", "text": "side of the AI trade. I think um it"}, {"start": "00:31:02", "end": "00:31:07", "text": "started when software got bludgeoned and"}, {"start": "00:31:04", "end": "00:31:09", "text": "all of the software names got hit hard."}, {"start": "00:31:07", "end": "00:31:11", "text": "Uh and Bitcoin was part of it. I would"}, {"start": "00:31:09", "end": "00:31:13", "text": "say anything built on code, you couldn't"}, {"start": "00:31:11", "end": "00:31:16", "text": "get away from the correlation. So if you"}, {"start": "00:31:13", "end": "00:31:18", "text": "wanted to hedge your semiconductors,"}, {"start": "00:31:16", "end": "00:31:19", "text": "which now had high beta, you needed to"}, {"start": "00:31:18", "end": "00:31:22", "text": "find high beta shorts. And high beta"}, {"start": "00:31:19", "end": "00:31:25", "text": "shorts ended up being Salesforce.com,"}, {"start": "00:31:22", "end": "00:31:27", "text": "Adobe, Adobe, Workday, and Bitcoin. And"}, {"start": "00:31:25", "end": "00:31:29", "text": "I think all of those things became part"}, {"start": "00:31:27", "end": "00:31:31", "text": "of the momentum trade. So it's not a"}, {"start": "00:31:29", "end": "00:31:34", "text": "coincidence that as momentum has gone"}, {"start": "00:31:31", "end": "00:31:35", "text": "down sharply that Bitcoin has a bid. So"}, {"start": "00:31:34", "end": "00:31:37", "text": "for people want to be bearish like,"}, {"start": "00:31:35", "end": "00:31:40", "text": "well, this is it just short covering."}, {"start": "00:31:37", "end": "00:31:41", "text": "All rallies that last for a year start"}, {"start": "00:31:40", "end": "00:31:44", "text": "with short covering. every single one"}, {"start": "00:31:41", "end": "00:31:46", "text": "because it means the narrative that was"}, {"start": "00:31:44", "end": "00:31:48", "text": "existing before the AI infrastructure"}, {"start": "00:31:46", "end": "00:31:50", "text": "trade is no longer as strong as it's"}, {"start": "00:31:48", "end": "00:31:51", "text": "going to be and it's going to take a"}, {"start": "00:31:50", "end": "00:31:53", "text": "while for that releveraging to happen"}, {"start": "00:31:51", "end": "00:31:54", "text": "and as we go through earnings like I"}, {"start": "00:31:53", "end": "00:31:57", "text": "said I think you're going to have"}, {"start": "00:31:54", "end": "00:31:58", "text": "disappointments before every single name"}, {"start": "00:31:57", "end": "00:32:00", "text": "was working. I don't think that's going"}, {"start": "00:31:58", "end": "00:32:02", "text": "to be the case anymore in the AI trade."}, {"start": "00:32:00", "end": "00:32:03", "text": "I also don't think you can get five"}, {"start": "00:32:02", "end": "00:32:05", "text": "baggers and six baggers over the course"}, {"start": "00:32:03", "end": "00:32:06", "text": "of the next year. I think a lot of these"}, {"start": "00:32:05", "end": "00:32:08", "text": "things are priced well. Dylan Patel"}, {"start": "00:32:06", "end": "00:32:10", "text": "talked about it today and he said you're"}, {"start": "00:32:08", "end": "00:32:11", "text": "going to see some surprises on the CPU"}, {"start": "00:32:10", "end": "00:32:13", "text": "side and the surprise is going to be"}, {"start": "00:32:11", "end": "00:32:14", "text": "that we've kind of gone a little too far"}, {"start": "00:32:13", "end": "00:32:16", "text": "on the optics side. We've gone a little"}, {"start": "00:32:14", "end": "00:32:18", "text": "too far. You're gonna he talked about"}, {"start": "00:32:16", "end": "00:32:21", "text": "this. I think what all that means is"}, {"start": "00:32:18", "end": "00:32:24", "text": "that that place is priced in a way where"}, {"start": "00:32:21", "end": "00:32:26", "text": "if you can get 40% over the next year,"}, {"start": "00:32:24", "end": "00:32:28", "text": "that's great. I think Bitcoin can do"}, {"start": "00:32:26", "end": "00:32:30", "text": "more than 40% based on the fact that"}, {"start": "00:32:28", "end": "00:32:32", "text": "just to get back to all-time highs,"}, {"start": "00:32:30", "end": "00:32:34", "text": "you're talking about a double. and"}, {"start": "00:32:32", "end": "00:32:35", "text": "getting back to all-time highs to me,"}, {"start": "00:32:34", "end": "00:32:37", "text": "we'll be left with the narrative that I"}, {"start": "00:32:35", "end": "00:32:39", "text": "just talked about. So, the first stage"}, {"start": "00:32:37", "end": "00:32:41", "text": "is short covering. The second stage is"}, {"start": "00:32:39", "end": "00:32:43", "text": "for the momentum to shift once we get"}, {"start": "00:32:41", "end": "00:32:45", "text": "above the 200 day moving average, which"}, {"start": "00:32:43", "end": "00:32:47", "text": "I've said that is the critical line. We"}, {"start": "00:32:45", "end": "00:32:50", "text": "are still way below it right now. We"}, {"start": "00:32:47", "end": "00:32:52", "text": "still I think it's around 76 77,000. So,"}, {"start": "00:32:50", "end": "00:32:54", "text": "we still have quite a ways. We have 20%"}, {"start": "00:32:52", "end": "00:32:56", "text": "before we get up there. So, this will be"}, {"start": "00:32:54", "end": "00:32:58", "text": "a short covering rally. We'll see how it"}, {"start": "00:32:56", "end": "00:33:00", "text": "goes. And like I talked about and for"}, {"start": "00:32:58", "end": "00:33:02", "text": "people who who heard this before and"}, {"start": "00:33:00", "end": "00:33:04", "text": "still reach out to me, are we still"}, {"start": "00:33:02", "end": "00:33:07", "text": "watching Doge? Yes, I'm still watching"}, {"start": "00:33:04", "end": "00:33:10", "text": "Doge for the energy side of crypto. But"}, {"start": "00:33:07", "end": "00:33:12", "text": "I do think there will be uh surprising"}, {"start": "00:33:10", "end": "00:33:14", "text": "news on what you said over the course of"}, {"start": "00:33:12", "end": "00:33:17", "text": "the year where when people start to"}, {"start": "00:33:14", "end": "00:33:20", "text": "realize that the 40name index that I've"}, {"start": "00:33:17", "end": "00:33:23", "text": "created which goes through eight"}, {"start": "00:33:20", "end": "00:33:25", "text": "separate verticals or sectors is a"}, {"start": "00:33:23", "end": "00:33:27", "text": "direct overlay with Bitcoin that Bitcoin"}, {"start": "00:33:25", "end": "00:33:29", "text": "just represents the ecosystem and I"}, {"start": "00:33:27", "end": "00:33:31", "text": "think the ecosystem is going to benefit"}, {"start": "00:33:29", "end": "00:33:32", "text": "from the stable from the agentic side"}, {"start": "00:33:31", "end": "00:33:33", "text": "and that's going to flow to Bitcoin as"}, {"start": "00:33:32", "end": "00:33:36", "text": "well."}, {"start": "00:33:33", "end": "00:33:38", "text": "Michael Sailor. The first Bitcoin sale"}, {"start": "00:33:36", "end": "00:33:40", "text": "was like a dip in the, you know, dip"}, {"start": "00:33:38", "end": "00:33:42", "text": "your toe in the water. The second one"}, {"start": "00:33:40", "end": "00:33:44", "text": "was like a cannonball in the deep end."}, {"start": "00:33:42", "end": "00:33:46", "text": "The first time it sold off. The second"}, {"start": "00:33:44", "end": "00:33:47", "text": "time he sold off a little bit, but it"}, {"start": "00:33:46", "end": "00:33:49", "text": "almost seemed like the market was like,"}, {"start": "00:33:47", "end": "00:33:50", "text": "\"Ah, whatever.\" And they really didn't"}, {"start": "00:33:49", "end": "00:33:53", "text": "care. So, you know, maybe he should get"}, {"start": "00:33:50", "end": "00:33:55", "text": "some kudos for the way that he did this."}, {"start": "00:33:53", "end": "00:33:57", "text": "Um, and it's minimal impact on the"}, {"start": "00:33:55", "end": "00:34:00", "text": "market with the big sale. But do you"}, {"start": "00:33:57", "end": "00:34:03", "text": "take or read into that sale or or the"}, {"start": "00:34:00", "end": "00:34:04", "text": "response from the market? Uh, a year"}, {"start": "00:34:03", "end": "00:34:07", "text": "from now, this stuff is going to be"}, {"start": "00:34:04", "end": "00:34:09", "text": "noise. Um, I'm actually a little"}, {"start": "00:34:07", "end": "00:34:11", "text": "embarrassed to be associated with"}, {"start": "00:34:09", "end": "00:34:14", "text": "something where we have to even talk"}, {"start": "00:34:11", "end": "00:34:16", "text": "about this ridiculous thing. I I just"}, {"start": "00:34:14", "end": "00:34:18", "text": "the Michael Sailor thing to me, um, he's"}, {"start": "00:34:16", "end": "00:34:21", "text": "even become like people are blaming him"}, {"start": "00:34:18", "end": "00:34:24", "text": "for why Bitcoin's not going higher."}, {"start": "00:34:21", "end": "00:34:27", "text": "Bitcoin, as we talked about, um, in"}, {"start": "00:34:24", "end": "00:34:28", "text": "every asset you have corrections. I"}, {"start": "00:34:27", "end": "00:34:31", "text": "don't get into four-year cycles. I don't"}, {"start": "00:34:28", "end": "00:34:34", "text": "get into any of this stuff, but"}, {"start": "00:34:31", "end": "00:34:36", "text": "the reality is what he has done and what"}, {"start": "00:34:34", "end": "00:34:39", "text": "he has been able to do. I'm more focused"}, {"start": "00:34:36", "end": "00:34:40", "text": "on the quantum side of crypto and the"}, {"start": "00:34:39", "end": "00:34:43", "text": "solutions that are coming out and some"}, {"start": "00:34:40", "end": "00:34:45", "text": "of the themes about should we just"}, {"start": "00:34:43", "end": "00:34:49", "text": "basically deal with these tokens that"}, {"start": "00:34:45", "end": "00:34:52", "text": "are dormant and should we the man owns"}, {"start": "00:34:49", "end": "00:34:53", "text": "an enormous amount of supply of an asset"}, {"start": "00:34:52", "end": "00:34:56", "text": "that I believe the world is going to"}, {"start": "00:34:53", "end": "00:34:57", "text": "acknowledge is a real asset for"}, {"start": "00:34:56", "end": "00:34:59", "text": "collateral and as we get into"}, {"start": "00:34:57", "end": "00:35:01", "text": "tokenization and we start getting into"}, {"start": "00:34:59", "end": "00:35:03", "text": "the dormant asset side I think people"}, {"start": "00:35:01", "end": "00:35:04", "text": "will start to understand the value of"}, {"start": "00:35:03", "end": "00:35:06", "text": "collateral again like they'll start to"}, {"start": "00:35:04", "end": "00:35:08", "text": "understand what he has always talked"}, {"start": "00:35:06", "end": "00:35:10", "text": "about. So I never bought into this"}, {"start": "00:35:08", "end": "00:35:12", "text": "thing. I do agree that the most"}, {"start": "00:35:10", "end": "00:35:13", "text": "important thing is that it's actually"}, {"start": "00:35:12", "end": "00:35:16", "text": "higher than when he made his biggest"}, {"start": "00:35:13", "end": "00:35:17", "text": "sale. That would be a sign that if you"}, {"start": "00:35:16", "end": "00:35:19", "text": "would have said to people, hey, what"}, {"start": "00:35:17", "end": "00:35:22", "text": "would happen if a week after he makes"}, {"start": "00:35:19", "end": "00:35:25", "text": "his biggest sale the unthinkable that he"}, {"start": "00:35:22", "end": "00:35:27", "text": "said he would never do publicly and even"}, {"start": "00:35:25", "end": "00:35:29", "text": "though this is for a different reason,"}, {"start": "00:35:27", "end": "00:35:30", "text": "so it doesn't count, but he did do it,"}, {"start": "00:35:29", "end": "00:35:32", "text": "what would happen? Everyone would have"}, {"start": "00:35:30", "end": "00:35:35", "text": "said the thing would be down big. So the"}, {"start": "00:35:32", "end": "00:35:38", "text": "fact that it's higher I think is a Apple"}, {"start": "00:35:35", "end": "00:35:40", "text": "type news item where it happened and"}, {"start": "00:35:38", "end": "00:35:42", "text": "once you don't sell off after something"}, {"start": "00:35:40", "end": "00:35:44", "text": "like that it actually is more of a"}, {"start": "00:35:42", "end": "00:35:45", "text": "positive than a negative. So I don't"}, {"start": "00:35:44", "end": "00:35:47", "text": "think this will ever be talked about"}, {"start": "00:35:45", "end": "00:35:49", "text": "again in a big way. Today's episode is"}, {"start": "00:35:47", "end": "00:35:51", "text": "brought to you by Uphold. Are you"}, {"start": "00:35:49", "end": "00:35:52", "text": "someone who's tired of juggling multiple"}, {"start": "00:35:51", "end": "00:35:54", "text": "apps just to trade, earn, stake, or"}, {"start": "00:35:52", "end": "00:35:57", "text": "spend your crypto? Then listen up"}, {"start": "00:35:54", "end": "00:35:59", "text": "because Uphold does all of that in one"}, {"start": "00:35:57", "end": "00:36:01", "text": "single unified platform. You can access"}, {"start": "00:35:59", "end": "00:36:03", "text": "300 plus crypto and fiat currencies with"}, {"start": "00:36:01", "end": "00:36:05", "text": "an interface that works for you whether"}, {"start": "00:36:03", "end": "00:36:08", "text": "you're a beginner or an expert. Uphold"}, {"start": "00:36:05", "end": "00:36:11", "text": "also features any to any swaps where you"}, {"start": "00:36:08", "end": "00:36:12", "text": "can swap crypto to fiat, fiat to metals,"}, {"start": "00:36:11", "end": "00:36:15", "text": "and tokens to tokens directly in the"}, {"start": "00:36:12", "end": "00:36:16", "text": "app. If you prefer self-custody,"}, {"start": "00:36:15", "end": "00:36:19", "text": "Uphold's vault gives you multi-stick"}, {"start": "00:36:16", "end": "00:36:21", "text": "security, key recovery, direct trading"}, {"start": "00:36:19", "end": "00:36:23", "text": "access, and peace of mind without giving"}, {"start": "00:36:21", "end": "00:36:25", "text": "up convenience. Uphold is also 100%"}, {"start": "00:36:23", "end": "00:36:27", "text": "reserved, meaning no fractional"}, {"start": "00:36:25", "end": "00:36:29", "text": "practices and proof of reserves are"}, {"start": "00:36:27", "end": "00:36:31", "text": "updated every 30 seconds, so you can"}, {"start": "00:36:29", "end": "00:36:33", "text": "verify your assets anytime. For US"}, {"start": "00:36:31", "end": "00:36:35", "text": "users, you can even earn yield on"}, {"start": "00:36:33", "end": "00:36:37", "text": "dollars with the USD interest account."}, {"start": "00:36:35", "end": "00:36:40", "text": "No fees, no minimums, and funds are"}, {"start": "00:36:37", "end": "00:36:43", "text": "insured up to $2.5 million through the"}, {"start": "00:36:40", "end": "00:36:45", "text": "Atomic Cash Suite program. If you want"}, {"start": "00:36:43", "end": "00:36:47", "text": "one app for your entire digital asset"}, {"start": "00:36:45", "end": "00:36:51", "text": "life, check out Uphold today. Go to"}, {"start": "00:36:47", "end": "00:36:54", "text": "uphold.com to learn more. Uphold.com. Go"}, {"start": "00:36:51", "end": "00:36:57", "text": "check them out today. Today's episode is"}, {"start": "00:36:54", "end": "00:36:58", "text": "brought to you by mogul. $4 trillion."}, {"start": "00:36:57", "end": "00:37:00", "text": "That's how much real estate Deote says"}, {"start": "00:36:58", "end": "00:37:01", "text": "moves onto the blockchain over the next"}, {"start": "00:37:00", "end": "00:37:04", "text": "10 years. That's good news for the rest"}, {"start": "00:37:01", "end": "00:37:06", "text": "of us because this year the VIX, Wall"}, {"start": "00:37:04", "end": "00:37:09", "text": "Street's fear gauge, it ripped past 30."}, {"start": "00:37:06", "end": "00:37:11", "text": "The S&P went red and stocks repric every"}, {"start": "00:37:09", "end": "00:37:13", "text": "time a politician tweets. Real estate"}, {"start": "00:37:11", "end": "00:37:14", "text": "doesn't do that. Tokenization is the key"}, {"start": "00:37:13", "end": "00:37:16", "text": "to giving everyone access to real"}, {"start": "00:37:14", "end": "00:37:18", "text": "estate. Here's what most people don't"}, {"start": "00:37:16", "end": "00:37:19", "text": "realize. You can invest in tokenized"}, {"start": "00:37:18", "end": "00:37:21", "text": "residential real estate right now thanks"}, {"start": "00:37:19", "end": "00:37:23", "text": "to Mogul. Mogul's founders come from"}, {"start": "00:37:21", "end": "00:37:24", "text": "Goldman Sachs where they deployed"}, {"start": "00:37:23", "end": "00:37:26", "text": "billions into real estate for"}, {"start": "00:37:24", "end": "00:37:27", "text": "institutional clients. Now they"}, {"start": "00:37:26", "end": "00:37:29", "text": "handpicked the properties and handled"}, {"start": "00:37:27", "end": "00:37:33", "text": "the management for you. Historically, an"}, {"start": "00:37:29", "end": "00:37:35", "text": "18% average annual IRRa that's 3x better"}, {"start": "00:37:33", "end": "00:37:38", "text": "than their competitors. You get targeted"}, {"start": "00:37:35", "end": "00:37:40", "text": "yields over 8% monthly rent payout, tax"}, {"start": "00:37:38", "end": "00:37:42", "text": "benefits from depreciation, and zero 3"}, {"start": "00:37:40", "end": "00:37:44", "text": "a.m. tenant calls. Over 100 properties"}, {"start": "00:37:42", "end": "00:37:46", "text": "have already launched on Mogul. More"}, {"start": "00:37:44", "end": "00:37:48", "text": "than 30,000 people have already signed"}, {"start": "00:37:46", "end": "00:37:49", "text": "up, too. If you want in plus get a"}, {"start": "00:37:48", "end": "00:37:52", "text": "special offer, head over to"}, {"start": "00:37:49", "end": "00:37:55", "text": "mogul.club/p."}, {"start": "00:37:52", "end": "00:37:58", "text": "Again, that is mogul.com/p."}, {"start": "00:37:55", "end": "00:37:59", "text": "You can see important disclosures in the"}, {"start": "00:37:58", "end": "00:38:02", "text": "description and head over to"}, {"start": "00:37:59", "end": "00:38:04", "text": "mogul.club/p."}, {"start": "00:38:02", "end": "00:38:06", "text": "When you look at the market right now,"}, {"start": "00:38:04", "end": "00:38:08", "text": "um, we've talked a lot about AI, talked"}, {"start": "00:38:06", "end": "00:38:10", "text": "a lot about crypto. Are there are there"}, {"start": "00:38:08", "end": "00:38:12", "text": "any areas that you're really excited"}, {"start": "00:38:10", "end": "00:38:14", "text": "about or that uh you're you're starting"}, {"start": "00:38:12", "end": "00:38:15", "text": "to deploy capital into that don't fall"}, {"start": "00:38:14", "end": "00:38:18", "text": "into AI and crypto? or do you think"}, {"start": "00:38:15", "end": "00:38:19", "text": "those are like the two games in town?"}, {"start": "00:38:18", "end": "00:38:21", "text": ">> So, I am looking into the insurance"}, {"start": "00:38:19", "end": "00:38:23", "text": "side. I'm looking into the regional bank"}, {"start": "00:38:21", "end": "00:38:26", "text": "side. I've talked a lot about Eli Liy,"}, {"start": "00:38:23", "end": "00:38:29", "text": "which is going to remain"}, {"start": "00:38:26", "end": "00:38:31", "text": "Eli Liy. I I don't think even if it were"}, {"start": "00:38:29", "end": "00:38:33", "text": "to go up, even if it were a threebagger"}, {"start": "00:38:31", "end": "00:38:36", "text": "from here, I wouldn't get out of it. I I"}, {"start": "00:38:33", "end": "00:38:38", "text": "have so much belief in what is happening"}, {"start": "00:38:36", "end": "00:38:41", "text": "on the health side and the compounding"}, {"start": "00:38:38", "end": "00:38:44", "text": "side of curing diseases and I want to be"}, {"start": "00:38:41", "end": "00:38:47", "text": "associated with the group that's already"}, {"start": "00:38:44", "end": "00:38:48", "text": "done sovereign AI. Uh, and I want to"}, {"start": "00:38:47", "end": "00:38:50", "text": "make sure people hear that all this talk"}, {"start": "00:38:48", "end": "00:38:51", "text": "you're hearing from people, well, you"}, {"start": "00:38:50", "end": "00:38:53", "text": "should own your own models, you should"}, {"start": "00:38:51", "end": "00:38:56", "text": "go through this. Remember what Anthony"}, {"start": "00:38:53", "end": "00:38:58", "text": "and I talked about with Lily Pod and the"}, {"start": "00:38:56", "end": "00:39:01", "text": "fact that on their campus they have a"}, {"start": "00:38:58", "end": "00:39:05", "text": "thousand black wells. They have their"}, {"start": "00:39:01", "end": "00:39:07", "text": "own sovereign AI. They are using that"}, {"start": "00:39:05", "end": "00:39:09", "text": "with biotech companies. So, I'm going to"}, {"start": "00:39:07", "end": "00:39:11", "text": "keep saying that healthc care is a big"}, {"start": "00:39:09", "end": "00:39:13", "text": "thing. On my video last week, I did go"}, {"start": "00:39:11", "end": "00:39:14", "text": "through some of the insurance names"}, {"start": "00:39:13", "end": "00:39:17", "text": "which are now starting to see. I think"}, {"start": "00:39:14", "end": "00:39:20", "text": "we're actually going into how important"}, {"start": "00:39:17", "end": "00:39:23", "text": "agents are for companies that were"}, {"start": "00:39:20", "end": "00:39:25", "text": "already using AI and that means a lot of"}, {"start": "00:39:23", "end": "00:39:27", "text": "the banks are going to do well and"}, {"start": "00:39:25", "end": "00:39:29", "text": "you've seen a lot of the banks make new"}, {"start": "00:39:27", "end": "00:39:31", "text": "all-time highs. The regional banks have"}, {"start": "00:39:29", "end": "00:39:33", "text": "made new all-time highs. regional banks"}, {"start": "00:39:31", "end": "00:39:36", "text": "fit into a very interesting thing which"}, {"start": "00:39:33", "end": "00:39:38", "text": "is it's very hard to buy a bank and take"}, {"start": "00:39:36", "end": "00:39:41", "text": "them private um because of all the"}, {"start": "00:39:38", "end": "00:39:43", "text": "regulations which means takeovers with"}, {"start": "00:39:41", "end": "00:39:45", "text": "inside the regional banks for midsize"}, {"start": "00:39:43", "end": "00:39:48", "text": "banks is probably going to happen"}, {"start": "00:39:45", "end": "00:39:50", "text": "because as people put AI into their"}, {"start": "00:39:48", "end": "00:39:52", "text": "model they can go buy companies and then"}, {"start": "00:39:50", "end": "00:39:54", "text": "infuse them with AI and get rid of"}, {"start": "00:39:52", "end": "00:39:55", "text": "headcount so it becomes very accretive"}, {"start": "00:39:54", "end": "00:39:57", "text": "immediately so I think you're going to"}, {"start": "00:39:55", "end": "00:39:59", "text": "see a lot of consolidation with inside"}, {"start": "00:39:57", "end": "00:40:01", "text": "the financials and I think the"}, {"start": "00:39:59", "end": "00:40:02", "text": "healthcare side and the insurance side"}, {"start": "00:40:01", "end": "00:40:04", "text": "has already been spending money on this"}, {"start": "00:40:02", "end": "00:40:05", "text": "and already advanced on it, they're"}, {"start": "00:40:04", "end": "00:40:06", "text": "going to start seeing the benefits over"}, {"start": "00:40:05", "end": "00:40:08", "text": "the next year."}, {"start": "00:40:06", "end": "00:40:10", "text": ">> What about outside of the public"}, {"start": "00:40:08", "end": "00:40:11", "text": "markets? Are there anything in terms of"}, {"start": "00:40:10", "end": "00:40:13", "text": "commodities or anything else that you're"}, {"start": "00:40:11", "end": "00:40:16", "text": "starting to uh to get excited about?"}, {"start": "00:40:13", "end": "00:40:18", "text": ">> Well, if I'm right about um"}, {"start": "00:40:16", "end": "00:40:20", "text": "Bitcoin, then silver is going to do well"}, {"start": "00:40:18", "end": "00:40:22", "text": "and gold's going to do well. It's not"}, {"start": "00:40:20", "end": "00:40:25", "text": "going to be a resurgence of the um of"}, {"start": "00:40:22", "end": "00:40:28", "text": "the debasement trade,"}, {"start": "00:40:25", "end": "00:40:29", "text": "but it is going to be a hey, these"}, {"start": "00:40:28", "end": "00:40:32", "text": "things were impacted more than we"}, {"start": "00:40:29", "end": "00:40:35", "text": "thought from AI sucking the dollars out"}, {"start": "00:40:32", "end": "00:40:39", "text": "of everything. And then secondly, the"}, {"start": "00:40:35", "end": "00:40:41", "text": "reality that we have hikes built in. So"}, {"start": "00:40:39", "end": "00:40:44", "text": "the run it hot thing turned into, hey,"}, {"start": "00:40:41", "end": "00:40:46", "text": "we don't have any need for this. I I"}, {"start": "00:40:44", "end": "00:40:49", "text": "wrote about this. I talked about it. We"}, {"start": "00:40:46", "end": "00:40:53", "text": "still have a budget deficit that's"}, {"start": "00:40:49", "end": "00:40:54", "text": "massive. And the reason that's important"}, {"start": "00:40:53", "end": "00:40:56", "text": "is I don't think the Fed can raise"}, {"start": "00:40:54", "end": "00:40:59", "text": "rates. So, one other angle is they raise"}, {"start": "00:40:56", "end": "00:41:00", "text": "rates in July."}, {"start": "00:40:59", "end": "00:41:02", "text": "This could be a Michael Sailor type"}, {"start": "00:41:00", "end": "00:41:04", "text": "moment as well because if they raise"}, {"start": "00:41:02", "end": "00:41:06", "text": "rates, in my opinion, without any"}, {"start": "00:41:04", "end": "00:41:09", "text": "question, it'll be a oneanddone and"}, {"start": "00:41:06", "end": "00:41:10", "text": "it'll be a Fred a Fed credibility hike."}, {"start": "00:41:09", "end": "00:41:12", "text": "The long end's going to come down,"}, {"start": "00:41:10", "end": "00:41:13", "text": "meaning yields are going to come down"}, {"start": "00:41:12", "end": "00:41:15", "text": "and that would be the reason that they'd"}, {"start": "00:41:13", "end": "00:41:17", "text": "be okay doing it. Every single macro"}, {"start": "00:41:15", "end": "00:41:19", "text": "person I talk to when we've had good"}, {"start": "00:41:17", "end": "00:41:21", "text": "conversations on this believes this. So"}, {"start": "00:41:19", "end": "00:41:23", "text": "do I. That if they were to tighten in a"}, {"start": "00:41:21", "end": "00:41:25", "text": "surprising manner in July as a"}, {"start": "00:41:23", "end": "00:41:28", "text": "credibility hike, the long end would"}, {"start": "00:41:25", "end": "00:41:30", "text": "come down. I think at that point people"}, {"start": "00:41:28", "end": "00:41:34", "text": "would treat it as a one and done and for"}, {"start": "00:41:30", "end": "00:41:36", "text": "the end of the year we have another 50%"}, {"start": "00:41:34", "end": "00:41:38", "text": "of a hike built in. And so it could"}, {"start": "00:41:36", "end": "00:41:41", "text": "actually act as a positive if it's a"}, {"start": "00:41:38", "end": "00:41:42", "text": "dovish hike where he says we did this"}, {"start": "00:41:41", "end": "00:41:44", "text": "for the credibility side. we are"}, {"start": "00:41:42", "end": "00:41:46", "text": "committed to this but we think now we're"}, {"start": "00:41:44", "end": "00:41:48", "text": "in a position where we can sit back and"}, {"start": "00:41:46", "end": "00:41:50", "text": "wait. If that were going to happen which"}, {"start": "00:41:48", "end": "00:41:51", "text": "I think is going to happen uh in terms"}, {"start": "00:41:50", "end": "00:41:53", "text": "of if they did it they're going to do"}, {"start": "00:41:51", "end": "00:41:55", "text": "that way uh I think that would be"}, {"start": "00:41:53", "end": "00:41:58", "text": "positive as well. So I actually think"}, {"start": "00:41:55", "end": "00:42:00", "text": "gold silver uh and bitcoin that"}, {"start": "00:41:58", "end": "00:42:03", "text": "regrouping the debasement trade will"}, {"start": "00:42:00", "end": "00:42:05", "text": "start to resur uh see a bottoming and a"}, {"start": "00:42:03", "end": "00:42:07", "text": "rise as well."}, {"start": "00:42:05", "end": "00:42:10", "text": "Now, sometimes people will listen to"}, {"start": "00:42:07", "end": "00:42:12", "text": "this and they should take away signal"}, {"start": "00:42:10", "end": "00:42:13", "text": "from the things we talk about. There's"}, {"start": "00:42:12", "end": "00:42:15", "text": "also times where they should take away"}, {"start": "00:42:13", "end": "00:42:17", "text": "signal for the things we don't talk"}, {"start": "00:42:15", "end": "00:42:20", "text": "about. And"}, {"start": "00:42:17", "end": "00:42:22", "text": "the Iran war has been on again, off"}, {"start": "00:42:20", "end": "00:42:24", "text": "again, on again, off again, off for"}, {"start": "00:42:22", "end": "00:42:28", "text": "real. No, not anymore. And uh this past"}, {"start": "00:42:24", "end": "00:42:32", "text": "week, we got uh I think whiplash, maybe"}, {"start": "00:42:28", "end": "00:42:33", "text": "it was on and off twice. I don't, and"}, {"start": "00:42:32", "end": "00:42:35", "text": "this sounds crazy, but I don't think"}, {"start": "00:42:33", "end": "00:42:37", "text": "that the investment community really"}, {"start": "00:42:35", "end": "00:42:40", "text": "cares anymore about the Iran war's"}, {"start": "00:42:37", "end": "00:42:42", "text": "impact on their investments. Obviously,"}, {"start": "00:42:40", "end": "00:42:43", "text": "there may be difference in terms of the"}, {"start": "00:42:42", "end": "00:42:45", "text": "people who live in Iran or the the"}, {"start": "00:42:43", "end": "00:42:46", "text": "military components, the geopolitics,"}, {"start": "00:42:45", "end": "00:42:49", "text": "all that, but like from an investor"}, {"start": "00:42:46", "end": "00:42:52", "text": "standpoint, I have not heard someone"}, {"start": "00:42:49", "end": "00:42:54", "text": "talk about Iran impacting anything in"}, {"start": "00:42:52", "end": "00:42:55", "text": "their portfolio in the last two weeks."}, {"start": "00:42:54", "end": "00:42:57", "text": "Maybe you have, but what's your take"}, {"start": "00:42:55", "end": "00:43:00", "text": "there?"}, {"start": "00:42:57", "end": "00:43:04", "text": "Um, no. No one's really talked about it."}, {"start": "00:43:00", "end": "00:43:06", "text": "And I I don't think this is uh"}, {"start": "00:43:04", "end": "00:43:10", "text": "I don't think this is people just not"}, {"start": "00:43:06", "end": "00:43:12", "text": "being aware of it or not being uh I"}, {"start": "00:43:10", "end": "00:43:15", "text": "don't know scared of the fact that it"}, {"start": "00:43:12", "end": "00:43:18", "text": "started and I think the reality is oil"}, {"start": "00:43:15", "end": "00:43:21", "text": "doesn't budge and even though we had a r"}, {"start": "00:43:18", "end": "00:43:24", "text": "you know we we jumped"}, {"start": "00:43:21", "end": "00:43:26", "text": "I if if oil and this is the beauty of"}, {"start": "00:43:24", "end": "00:43:29", "text": "markets we heard the doom and gloomer"}, {"start": "00:43:26", "end": "00:43:30", "text": "say it should go to 200"}, {"start": "00:43:29", "end": "00:43:32", "text": "let's haircut that and Hey, it should"}, {"start": "00:43:30", "end": "00:43:35", "text": "have gone to 150."}, {"start": "00:43:32", "end": "00:43:38", "text": "The problem is it's still despite"}, {"start": "00:43:35", "end": "00:43:41", "text": "everything and it's not just the front"}, {"start": "00:43:38", "end": "00:43:44", "text": "part of the curve, it's the back end."}, {"start": "00:43:41", "end": "00:43:47", "text": "There are no issues. The thing that I"}, {"start": "00:43:44", "end": "00:43:49", "text": "take from this is is plain and simple"}, {"start": "00:43:47", "end": "00:43:52", "text": "there. We were supposed to have gas"}, {"start": "00:43:49", "end": "00:43:53", "text": "prices surging. Now, again, crack"}, {"start": "00:43:52", "end": "00:43:54", "text": "spreads are wide. And the reason crack"}, {"start": "00:43:53", "end": "00:43:56", "text": "spreads are wide and so people"}, {"start": "00:43:54", "end": "00:43:58", "text": "understand what crack spreads are, it's"}, {"start": "00:43:56", "end": "00:44:00", "text": "the differential between the gas price"}, {"start": "00:43:58", "end": "00:44:04", "text": "and the oil price. the conversion from"}, {"start": "00:44:00", "end": "00:44:08", "text": "oil into gas that is still high. So the"}, {"start": "00:44:04", "end": "00:44:11", "text": "ability of having gasoline is the issue"}, {"start": "00:44:08", "end": "00:44:12", "text": "that is still still there but oil as a"}, {"start": "00:44:11", "end": "00:44:14", "text": "whole is not going higher and I think"}, {"start": "00:44:12", "end": "00:44:15", "text": "everyone would treat it as a short-term"}, {"start": "00:44:14", "end": "00:44:18", "text": "thing. They don't think this is going to"}, {"start": "00:44:15", "end": "00:44:20", "text": "not end. Uh meaning this is a flare up."}, {"start": "00:44:18", "end": "00:44:22", "text": "I think everyone had built into their"}, {"start": "00:44:20", "end": "00:44:25", "text": "expectations this. So, I'll just say to"}, {"start": "00:44:22", "end": "00:44:27", "text": "everyone here, unless we see surprising"}, {"start": "00:44:25", "end": "00:44:30", "text": "movements in oil where it actually goes"}, {"start": "00:44:27", "end": "00:44:32", "text": "higher, it still acts in the market at"}, {"start": "00:44:30", "end": "00:44:34", "text": "something that has a positive negative."}, {"start": "00:44:32", "end": "00:44:36", "text": "And I hate to say this, it acts like"}, {"start": "00:44:34", "end": "00:44:38", "text": "there's a glut. It literally acts like"}, {"start": "00:44:36", "end": "00:44:41", "text": "when this ends, the price is going to"}, {"start": "00:44:38", "end": "00:44:42", "text": "head back to 50. So, I'm not saying that"}, {"start": "00:44:41", "end": "00:44:43", "text": "is going to happen. I'm just saying the"}, {"start": "00:44:42", "end": "00:44:46", "text": "way the market looks and the way it"}, {"start": "00:44:43", "end": "00:44:47", "text": "acts, it just doesn't act like something"}, {"start": "00:44:46", "end": "00:44:50", "text": "that's going to go significantly higher."}, {"start": "00:44:47", "end": "00:44:54", "text": "So I think we're stuck between 65 and"}, {"start": "00:44:50", "end": "00:44:56", "text": "80. And unless we get above 80 and the"}, {"start": "00:44:54", "end": "00:44:58", "text": "Iran situation is worsening where"}, {"start": "00:44:56", "end": "00:44:59", "text": "there's no ships going through Hormuz, I"}, {"start": "00:44:58", "end": "00:45:00", "text": "just don't think it matters for the"}, {"start": "00:44:59", "end": "00:45:02", "text": "markets."}, {"start": "00:45:00", "end": "00:45:03", "text": ">> The last thing I want to talk about for"}, {"start": "00:45:02", "end": "00:45:07", "text": "a couple minutes is um I don't know if"}, {"start": "00:45:03", "end": "00:45:08", "text": "you saw the 1X robotic hand demo."}, {"start": "00:45:07", "end": "00:45:11", "text": ">> No."}, {"start": "00:45:08", "end": "00:45:13", "text": ">> So um maybe the best way I can describe"}, {"start": "00:45:11", "end": "00:45:15", "text": "this is the hand has been the hardest"}, {"start": "00:45:13", "end": "00:45:16", "text": "part of robotics for a very long time."}, {"start": "00:45:15", "end": "00:45:18", "text": "30, 40 years people have been working on"}, {"start": "00:45:16", "end": "00:45:19", "text": "this and most people what they"}, {"start": "00:45:18", "end": "00:45:21", "text": "essentially have done is they have used"}, {"start": "00:45:19", "end": "00:45:24", "text": "robotic components to build the hand."}, {"start": "00:45:21", "end": "00:45:27", "text": "But if you think of your hand, it is all"}, {"start": "00:45:24", "end": "00:45:30", "text": "operated off of tendons. And so 1X"}, {"start": "00:45:27", "end": "00:45:33", "text": "essentially has created a synthetic"}, {"start": "00:45:30", "end": "00:45:35", "text": "version of a tendon-based robotic hand."}, {"start": "00:45:33", "end": "00:45:37", "text": "And in this demo, you know, they can do"}, {"start": "00:45:35", "end": "00:45:39", "text": "very kind of ampidextrious, you know,"}, {"start": "00:45:37", "end": "00:45:41", "text": "type uh type things or very dextterous"}, {"start": "00:45:39", "end": "00:45:45", "text": "type things. But more importantly is it"}, {"start": "00:45:41", "end": "00:45:46", "text": "can screw on a light bulb. It can pick a"}, {"start": "00:45:45", "end": "00:45:48", "text": "cherry without, you know, going and"}, {"start": "00:45:46", "end": "00:45:50", "text": "smashing it or it can do things that I"}, {"start": "00:45:48", "end": "00:45:51", "text": "think a lot of people when they saw saw"}, {"start": "00:45:50", "end": "00:45:54", "text": "this demo, the video got millions of"}, {"start": "00:45:51", "end": "00:45:57", "text": "views online or like whoa, hold on a"}, {"start": "00:45:54", "end": "00:45:58", "text": "second here. This is a significant leap"}, {"start": "00:45:57", "end": "00:46:01", "text": "forward."}, {"start": "00:45:58", "end": "00:46:03", "text": "My takeaway from seeing this is that"}, {"start": "00:46:01", "end": "00:46:05", "text": "everything that you and I are excited"}, {"start": "00:46:03", "end": "00:46:09", "text": "about from an AI perspective, I would be"}, {"start": "00:46:05", "end": "00:46:12", "text": "shocked if that robotic hand was not"}, {"start": "00:46:09", "end": "00:46:15", "text": "somehow either ideiated or developed"}, {"start": "00:46:12", "end": "00:46:17", "text": "using AI. And so we now are getting the"}, {"start": "00:46:15", "end": "00:46:19", "text": "like, you know, second boost to this"}, {"start": "00:46:17", "end": "00:46:22", "text": "robotic stuff where people are having"}, {"start": "00:46:19", "end": "00:46:24", "text": "this super intelligent software to help"}, {"start": "00:46:22", "end": "00:46:25", "text": "them make these advancements. And it"}, {"start": "00:46:24", "end": "00:46:27", "text": "wouldn't shock me at all if we start to"}, {"start": "00:46:25", "end": "00:46:30", "text": "see some pretty crazy stuff happen where"}, {"start": "00:46:27", "end": "00:46:31", "text": "these robots start to be as humanlike as"}, {"start": "00:46:30", "end": "00:46:33", "text": "maybe we all feared that they could, you"}, {"start": "00:46:31", "end": "00:46:36", "text": "know, eventually get to."}, {"start": "00:46:33", "end": "00:46:38", "text": ">> Mhm. So, I'm going to And this is what"}, {"start": "00:46:36", "end": "00:46:41", "text": "this is a Finnish company, right? Or a"}, {"start": "00:46:38", "end": "00:46:43", "text": "Norwegian company."}, {"start": "00:46:41", "end": "00:46:45", "text": ">> I think the I think that it is made in"}, {"start": "00:46:43", "end": "00:46:47", "text": "the United States. Uh but I think the"}, {"start": "00:46:45", "end": "00:46:48", "text": "founders might be from there. I I can't"}, {"start": "00:46:47", "end": "00:46:50", "text": "remember. There's something that is like"}, {"start": "00:46:48", "end": "00:46:52", "text": "a Nordic relationship. Uh but I don't"}, {"start": "00:46:50", "end": "00:46:54", "text": "think that the company is based. I think"}, {"start": "00:46:52", "end": "00:46:55", "text": "it's actually a US company, but maybe"}, {"start": "00:46:54", "end": "00:46:57", "text": "the founders are from there."}, {"start": "00:46:55", "end": "00:47:00", "text": ">> So, I I'm going to I agree with what you"}, {"start": "00:46:57", "end": "00:47:02", "text": "said and and so people hear this. Um,"}, {"start": "00:47:00", "end": "00:47:03", "text": "I'll start with a statement and then I'm"}, {"start": "00:47:02", "end": "00:47:06", "text": "going to work a little backwards towards"}, {"start": "00:47:03", "end": "00:47:09", "text": "why this isn't, you know, why ROIC for"}, {"start": "00:47:06", "end": "00:47:13", "text": "for hyperscalers is not like fracking in"}, {"start": "00:47:09", "end": "00:47:16", "text": "oil. Um, in in in this context. Uh, so"}, {"start": "00:47:13", "end": "00:47:18", "text": "first of all, Anony's point is really"}, {"start": "00:47:16", "end": "00:47:21", "text": "important, which I agree with. We're"}, {"start": "00:47:18", "end": "00:47:24", "text": "underestimating that as we get to 100,"}, {"start": "00:47:21", "end": "00:47:27", "text": "we're above 140 IQ now. As we get above"}, {"start": "00:47:24", "end": "00:47:28", "text": "160, and as we get above 200, we will be"}, {"start": "00:47:27", "end": "00:47:30", "text": "solving problems that we haven't been"}, {"start": "00:47:28", "end": "00:47:33", "text": "able to solve. We'll take angles that"}, {"start": "00:47:30", "end": "00:47:36", "text": "will allow us to produce these things."}, {"start": "00:47:33", "end": "00:47:38", "text": "And then once the humanoids are"}, {"start": "00:47:36", "end": "00:47:40", "text": "available, then we also don't have to do"}, {"start": "00:47:38", "end": "00:47:43", "text": "the physical work of testing it out."}, {"start": "00:47:40", "end": "00:47:45", "text": "They can build them for us. So the hand"}, {"start": "00:47:43", "end": "00:47:47", "text": "is critical because it's probably the"}, {"start": "00:47:45", "end": "00:47:50", "text": "worst thing we have for actually doing"}, {"start": "00:47:47", "end": "00:47:52", "text": "intricate work that would be necessary"}, {"start": "00:47:50", "end": "00:47:54", "text": "for robots to be making robots or robots"}, {"start": "00:47:52", "end": "00:47:56", "text": "to be solving the problem. So if the"}, {"start": "00:47:54", "end": "00:47:58", "text": "intelligence is there, we do need the"}, {"start": "00:47:56", "end": "00:48:01", "text": "hands to be able to have them go. And"}, {"start": "00:47:58", "end": "00:48:03", "text": "this was on a moonshots where uh Dave"}, {"start": "00:48:01", "end": "00:48:05", "text": "Blondon basically admitted that he"}, {"start": "00:48:03", "end": "00:48:09", "text": "underestimated how quickly we will get"}, {"start": "00:48:05", "end": "00:48:12", "text": "billions of robots because he he saw at"}, {"start": "00:48:09", "end": "00:48:14", "text": "Tesla, oh my gosh, the robots will be"}, {"start": "00:48:12", "end": "00:48:15", "text": "building the robots at some point. This"}, {"start": "00:48:14", "end": "00:48:18", "text": "is the compounding side that goes with"}, {"start": "00:48:15", "end": "00:48:20", "text": "Opus 4.5 leads to 4.6 which leads to 4.7"}, {"start": "00:48:18", "end": "00:48:22", "text": "and this whole thing of recursive"}, {"start": "00:48:20", "end": "00:48:25", "text": "self-improvement. Now the reason I want"}, {"start": "00:48:22", "end": "00:48:27", "text": "to bring this back is to oil. I was"}, {"start": "00:48:25", "end": "00:48:29", "text": "asked by someone this week that isn't"}, {"start": "00:48:27", "end": "00:48:32", "text": "the ROIC risk for the hyperscalers the"}, {"start": "00:48:29", "end": "00:48:34", "text": "same as what happened with uh fracking"}, {"start": "00:48:32", "end": "00:48:36", "text": "with the reason being and a a bunch of"}, {"start": "00:48:34", "end": "00:48:37", "text": "people on VEX have posted this. They've"}, {"start": "00:48:36", "end": "00:48:39", "text": "scared the hell out of some of my"}, {"start": "00:48:37", "end": "00:48:41", "text": "subscribers. They've reached out. Here's"}, {"start": "00:48:39", "end": "00:48:43", "text": "the reality guys. This is not"}, {"start": "00:48:41", "end": "00:48:44", "text": "intelligence is not the same as oil."}, {"start": "00:48:43", "end": "00:48:47", "text": "Like I don't I don't know how to like"}, {"start": "00:48:44", "end": "00:48:51", "text": "make that clear. Oil is oil."}, {"start": "00:48:47", "end": "00:48:53", "text": "Intelligence is everything. Meaning the"}, {"start": "00:48:51", "end": "00:48:57", "text": "price of tokens going down, the usage"}, {"start": "00:48:53", "end": "00:49:00", "text": "goes higher. Oil usage only grows in a"}, {"start": "00:48:57", "end": "00:49:02", "text": "linear fashion related to nominal GDP."}, {"start": "00:49:00", "end": "00:49:06", "text": "It is a physical constraint to get more"}, {"start": "00:49:02", "end": "00:49:09", "text": "of it. The problem is for intelligence,"}, {"start": "00:49:06", "end": "00:49:11", "text": "it's the usage is growing exponentially."}, {"start": "00:49:09", "end": "00:49:13", "text": "Oil never grows exponentially"}, {"start": "00:49:11", "end": "00:49:17", "text": "demand-wise. The only thing that slows"}, {"start": "00:49:13", "end": "00:49:19", "text": "down AI is the data centers. It's the"}, {"start": "00:49:17", "end": "00:49:22", "text": "gas turbines. It's the physical stuff"}, {"start": "00:49:19", "end": "00:49:23", "text": "which cannot be made quickly. So to"}, {"start": "00:49:22", "end": "00:49:25", "text": "Anony's point and for all of you that"}, {"start": "00:49:23", "end": "00:49:27", "text": "are not understanding how the"}, {"start": "00:49:25", "end": "00:49:29", "text": "compounding will go towards solving the"}, {"start": "00:49:27", "end": "00:49:31", "text": "energy problem and why I always have one"}, {"start": "00:49:29", "end": "00:49:34", "text": "eye on crude because eventually crude"}, {"start": "00:49:31", "end": "00:49:36", "text": "will go to zero. It will go to zero"}, {"start": "00:49:34", "end": "00:49:38", "text": "because we will solve energy at the"}, {"start": "00:49:36", "end": "00:49:41", "text": "fision fusion. Name anything you want."}, {"start": "00:49:38", "end": "00:49:43", "text": "We will come up with so many solutions"}, {"start": "00:49:41", "end": "00:49:45", "text": "going forward. And so when you listen to"}, {"start": "00:49:43", "end": "00:49:47", "text": "Daario and you listen to Sam Alman and"}, {"start": "00:49:45", "end": "00:49:49", "text": "you listen to Greg Brockman, they're all"}, {"start": "00:49:47", "end": "00:49:50", "text": "saying the same thing, which is the"}, {"start": "00:49:49", "end": "00:49:53", "text": "intelligence in getting us to a point"}, {"start": "00:49:50", "end": "00:49:55", "text": "where math is being solved. Once math is"}, {"start": "00:49:53", "end": "00:49:57", "text": "being solved, then cancer can be solved."}, {"start": "00:49:55", "end": "00:49:59", "text": "Then energy can be solved. These are all"}, {"start": "00:49:57", "end": "00:50:01", "text": "the science problems. These are all the"}, {"start": "00:49:59", "end": "00:50:03", "text": "physics problems of getting us to the"}, {"start": "00:50:01", "end": "00:50:04", "text": "point where everything can compound. So,"}, {"start": "00:50:03", "end": "00:50:06", "text": "in the same way we're talking about the"}, {"start": "00:50:04", "end": "00:50:09", "text": "compounding of intelligence and models"}, {"start": "00:50:06", "end": "00:50:10", "text": "for coding, which is language, we're"}, {"start": "00:50:09", "end": "00:50:12", "text": "about to get into it with consumer"}, {"start": "00:50:10", "end": "00:50:14", "text": "agents, and we're also about to get it"}, {"start": "00:50:12", "end": "00:50:16", "text": "into science. And that's where the"}, {"start": "00:50:14", "end": "00:50:18", "text": "robotics thing in the humanoids gets so"}, {"start": "00:50:16", "end": "00:50:20", "text": "important for your investment decision-m"}, {"start": "00:50:18", "end": "00:50:21", "text": "and it also feeds in why the financial"}, {"start": "00:50:20", "end": "00:50:23", "text": "guardrails are necessary to deal with"}, {"start": "00:50:21", "end": "00:50:24", "text": "this type of speed."}, {"start": "00:50:23", "end": "00:50:27", "text": ">> I think that's a great place for us to"}, {"start": "00:50:24", "end": "00:50:29", "text": "end it. What um what are you going to"}, {"start": "00:50:27", "end": "00:50:32", "text": "cover in your YouTube video this Sunday?"}, {"start": "00:50:29", "end": "00:50:34", "text": "I'm I'm going to harp on the fact uh"}, {"start": "00:50:32", "end": "00:50:35", "text": "number one that the AM midcycle slowdown"}, {"start": "00:50:34", "end": "00:50:37", "text": "is over in the face that I think the"}, {"start": "00:50:35", "end": "00:50:39", "text": "sentiment has dropped off enough the"}, {"start": "00:50:37", "end": "00:50:41", "text": "volatility's gone high enough that we"}, {"start": "00:50:39", "end": "00:50:43", "text": "are in the bottom end of the"}, {"start": "00:50:41", "end": "00:50:45", "text": "consolidation and you should not should"}, {"start": "00:50:43", "end": "00:50:47", "text": "now be thinking instead of is this going"}, {"start": "00:50:45", "end": "00:50:49", "text": "lower now you should be thinking with"}, {"start": "00:50:47", "end": "00:50:53", "text": "the AI trade which I couldn't say when"}, {"start": "00:50:49", "end": "00:50:55", "text": "Micron was at 1300 but at 950 will it be"}, {"start": "00:50:53", "end": "00:50:57", "text": "higher 6 months from now yes it will"}, {"start": "00:50:55", "end": "00:51:00", "text": "once we get through two earning cycle it"}, {"start": "00:50:57", "end": "00:51:02", "text": "will be higher Uh so the sixmon look"}, {"start": "00:51:00", "end": "00:51:03", "text": "forward from this you're at the bottom"}, {"start": "00:51:02", "end": "00:51:05", "text": "end of the range not the top end of the"}, {"start": "00:51:03", "end": "00:51:08", "text": "range. Second thing is how important"}, {"start": "00:51:05", "end": "00:51:10", "text": "consumer agents are to compute. For all"}, {"start": "00:51:08", "end": "00:51:12", "text": "of you scared about compute thinking"}, {"start": "00:51:10", "end": "00:51:14", "text": "there's a chance there's excess compute."}, {"start": "00:51:12", "end": "00:51:16", "text": "If you guys want to hammer me in the"}, {"start": "00:51:14", "end": "00:51:19", "text": "future I will say this again. We have"}, {"start": "00:51:16", "end": "00:51:21", "text": "insatiable demand for compute. We do not"}, {"start": "00:51:19", "end": "00:51:23", "text": "have enough supply. And the argument I"}, {"start": "00:51:21", "end": "00:51:25", "text": "just gave you, compute demand is"}, {"start": "00:51:23", "end": "00:51:28", "text": "exponential because intelligence usage"}, {"start": "00:51:25", "end": "00:51:30", "text": "goes up dramatically with every model"}, {"start": "00:51:28", "end": "00:51:33", "text": "advancement, but the physical supply is"}, {"start": "00:51:30", "end": "00:51:34", "text": "what constrains us. So this is a supply"}, {"start": "00:51:33", "end": "00:51:35", "text": "demand mismatch and I'm going to go"}, {"start": "00:51:34", "end": "00:51:38", "text": "through why that means you should be"}, {"start": "00:51:35", "end": "00:51:40", "text": "invested there. And then thirdly, I will"}, {"start": "00:51:38", "end": "00:51:42", "text": "go in more detail on this Bessin speech"}, {"start": "00:51:40", "end": "00:51:44", "text": "and I will focus again on the importance"}, {"start": "00:51:42", "end": "00:51:46", "text": "of Bitcoin because I do believe that a"}, {"start": "00:51:44", "end": "00:51:47", "text": "year from now, we will be talking about"}, {"start": "00:51:46", "end": "00:51:49", "text": "crypto in the same way that we're"}, {"start": "00:51:47", "end": "00:51:52", "text": "talking about memory. And I'm going to"}, {"start": "00:51:49", "end": "00:51:54", "text": "finalize it with what you said. You"}, {"start": "00:51:52", "end": "00:51:55", "text": "asked me the question, are fundamental"}, {"start": "00:51:54", "end": "00:51:57", "text": "people starting to No, they are not"}, {"start": "00:51:55", "end": "00:51:59", "text": "focused on this right now. Number one,"}, {"start": "00:51:57", "end": "00:52:01", "text": "because they're still focused on AI,"}, {"start": "00:51:59", "end": "00:52:03", "text": "both from a loss perspective and what's"}, {"start": "00:52:01", "end": "00:52:05", "text": "happened the last four weeks, but also"}, {"start": "00:52:03", "end": "00:52:07", "text": "from what should we be buying down here."}, {"start": "00:52:05", "end": "00:52:09", "text": "Once they recognize and get through the"}, {"start": "00:52:07", "end": "00:52:10", "text": "Fed and they get through all of the"}, {"start": "00:52:09", "end": "00:52:12", "text": "changes, they are going to need to focus"}, {"start": "00:52:10", "end": "00:52:14", "text": "on crypto and the financial guardrails"}, {"start": "00:52:12", "end": "00:52:17", "text": "of the future. And six months from now"}, {"start": "00:52:14", "end": "00:52:19", "text": "as we go into next year, crypto will be"}, {"start": "00:52:17", "end": "00:52:21", "text": "the memory for next year."}, {"start": "00:52:19", "end": "00:52:23", "text": ">> Man, that got me hyped up. Journey, I'll"}, {"start": "00:52:21", "end": "00:52:26", "text": "be watching."}, {"start": "00:52:23", "end": "00:52:26", "text": "We'll talk again next week."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "You know one of my favorite quotes of"}, {"start": "00:00:01", "end": "00:00:04", "text": "all time? Comes from a guy who maybe I"}, {"start": "00:00:03", "end": "00:00:08", "text": "don't agree with on a lot of other"}, {"start": "00:00:04", "end": "00:00:10", "text": "stuff, but uh Mr. George Soros has this"}, {"start": "00:00:08", "end": "00:00:13", "text": "great quote where he says, uh \"When I"}, {"start": "00:00:10", "end": "00:00:14", "text": "see a bubble, I rush in to push it"}, {"start": "00:00:13", "end": "00:00:17", "text": "higher.\""}, {"start": "00:00:14", "end": "00:00:20", "text": "Right? Now, why is that interesting?"}, {"start": "00:00:17", "end": "00:00:23", "text": "Momentum begets momentum. Returns beget"}, {"start": "00:00:20", "end": "00:00:25", "text": "more returns. The best day to buy stocks"}, {"start": "00:00:23", "end": "00:00:26", "text": "in the stock market is at all-time high"}, {"start": "00:00:25", "end": "00:00:28", "text": "prices."}, {"start": "00:00:26", "end": "00:00:31", "text": "Better than any other day of the year."}, {"start": "00:00:28", "end": "00:00:33", "text": "And so, you look at that and you say,"}, {"start": "00:00:31", "end": "00:00:35", "text": "\"Maybe all the momentum is just an"}, {"start": "00:00:33", "end": "00:00:37", "text": "intelligence test."}, {"start": "00:00:35", "end": "00:00:40", "text": "Can you be humble enough to say, 'The"}, {"start": "00:00:37", "end": "00:00:42", "text": "market is smarter than me.'\""}, {"start": "00:00:40", "end": "00:00:45", "text": "Paul Tudor Jones, he was talking on a"}, {"start": "00:00:42", "end": "00:00:47", "text": "podcast back in February saying he was a"}, {"start": "00:00:45", "end": "00:00:48", "text": "little frothy, he was a little nervous."}, {"start": "00:00:47", "end": "00:00:51", "text": "He went out to I think the Milken"}, {"start": "00:00:48", "end": "00:00:53", "text": "conference, went on CNBC, they said,"}, {"start": "00:00:51", "end": "00:00:55", "text": "\"What you do when you got back?\" He"}, {"start": "00:00:53", "end": "00:00:57", "text": "literally was like a like a uh uh"}, {"start": "00:00:55", "end": "00:00:58", "text": "tackle. He was like, \"I BOUGHT MORE AI"}, {"start": "00:00:57", "end": "00:01:00", "text": "STOCKS.\""}, {"start": "00:00:58", "end": "00:01:00", "text": ">> [laughter]"}, {"start": "00:01:01", "end": "00:01:05", "text": ">> LIKE, THAT IS THE THING."}, {"start": "00:01:03", "end": "00:01:07", "text": "It's working."}, {"start": "00:01:05", "end": "00:01:10", "text": "Demand is outstripping supply. Keep it"}, {"start": "00:01:07", "end": "00:01:13", "text": "simple, stupid, and just relax. You are"}, {"start": "00:01:10", "end": "00:01:13", "text": "not smarter than the market."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "My big problem with all these things is"}, {"start": "00:00:01", "end": "00:00:05", "text": "there's always going to be extreme"}, {"start": "00:00:03", "end": "00:00:06", "text": "examples where this is a great thing."}, {"start": "00:00:05", "end": "00:00:08", "text": "Like I said, if that Whimo stopped his"}, {"start": "00:00:06", "end": "00:00:08", "text": "school shooting,"}, {"start": "00:00:08", "end": "00:00:10", "text": ">> amazing."}, {"start": "00:00:08", "end": "00:00:13", "text": ">> We would the Whimo would be the hero."}, {"start": "00:00:10", "end": "00:00:17", "text": ">> Amazing. But are we going to like that's"}, {"start": "00:00:13", "end": "00:00:19", "text": "the 001% of life and the other 999 is"}, {"start": "00:00:17", "end": "00:00:21", "text": "now going to be surveiled and I just"}, {"start": "00:00:19", "end": "00:00:22", "text": "don't like that. What's going on guys?"}, {"start": "00:00:21", "end": "00:00:25", "text": "Today we got a great conversation with"}, {"start": "00:00:22", "end": "00:00:26", "text": "Kevin Clancy, better known as KFC from"}, {"start": "00:00:25", "end": "00:00:28", "text": "Bar Stool. In this conversation, we are"}, {"start": "00:00:26", "end": "00:00:29", "text": "going to go deep into what the heck is"}, {"start": "00:00:28", "end": "00:00:31", "text": "going on with all this new technology"}, {"start": "00:00:29", "end": "00:00:33", "text": "and how it is going to impact your"}, {"start": "00:00:31", "end": "00:00:35", "text": "lives. And we get super weird. We talk"}, {"start": "00:00:33", "end": "00:00:37", "text": "about Whimo and how it may have helped"}, {"start": "00:00:35", "end": "00:00:39", "text": "get some kids arrested. We also talk"}, {"start": "00:00:37", "end": "00:00:41", "text": "about flock cameras, ring cameras, and"}, {"start": "00:00:39", "end": "00:00:42", "text": "how everywhere we see cameras"}, {"start": "00:00:41", "end": "00:00:44", "text": "infiltrating our lives and what the"}, {"start": "00:00:42", "end": "00:00:46", "text": "impact is. And then we get into some of"}, {"start": "00:00:44", "end": "00:00:48", "text": "the really weird technology that is"}, {"start": "00:00:46", "end": "00:00:49", "text": "starting to be used on a daily basis. I"}, {"start": "00:00:48", "end": "00:00:52", "text": "think you will find it fascinating that"}, {"start": "00:00:49", "end": "00:00:53", "text": "both he and I have very unique thoughts"}, {"start": "00:00:52", "end": "00:00:54", "text": "on how this technology, what's good"}, {"start": "00:00:53", "end": "00:00:56", "text": "about it, what's bad about it, and how"}, {"start": "00:00:54", "end": "00:00:58", "text": "it is going to possibly negatively"}, {"start": "00:00:56", "end": "00:01:00", "text": "affect you. All that much more in this"}, {"start": "00:00:58", "end": "00:01:02", "text": "conversation with KFC. All right, KFC,"}, {"start": "00:01:00", "end": "00:01:04", "text": "you are here to help me understand one"}, {"start": "00:01:02", "end": "00:01:05", "text": "thing, which is the everyman experience"}, {"start": "00:01:04", "end": "00:01:06", "text": "with technology is about to get very"}, {"start": "00:01:05", "end": "00:01:07", "text": "[�__�] weird."}, {"start": "00:01:06", "end": "00:01:09", "text": ">> About one of the only things I can help"}, {"start": "00:01:07", "end": "00:01:10", "text": "explain to people is the everyman"}, {"start": "00:01:09", "end": "00:01:11", "text": "experience cuz that's just what I am."}, {"start": "00:01:10", "end": "00:01:14", "text": ">> That's just what you are. All right, let"}, {"start": "00:01:11", "end": "00:01:14", "text": "let's talk first about uh Whimo. So,"}, {"start": "00:01:14", "end": "00:01:16", "text": "everyone's really excited about"}, {"start": "00:01:14", "end": "00:01:18", "text": "self-driving cars, but there's a story"}, {"start": "00:01:16", "end": "00:01:20", "text": "recently that there's two 15-year-old"}, {"start": "00:01:18", "end": "00:01:22", "text": "boys out in California. They were"}, {"start": "00:01:20", "end": "00:01:24", "text": "driving around in the Whimo or being"}, {"start": "00:01:22", "end": "00:01:26", "text": "driven in the Whimo and they had like a"}, {"start": "00:01:24", "end": "00:01:28", "text": "paintball gun essentially and they were"}, {"start": "00:01:26", "end": "00:01:30", "text": "drinking. So, underage drinking and they"}, {"start": "00:01:28", "end": "00:01:32", "text": "were shooting people out of the"}, {"start": "00:01:30", "end": "00:01:34", "text": ">> guns America baby. I don't see. So,"}, {"start": "00:01:32", "end": "00:01:37", "text": "where's the problem? What's the story?"}, {"start": "00:01:34", "end": "00:01:39", "text": ">> They didn't see a problem obviously."}, {"start": "00:01:37", "end": "00:01:42", "text": "Long story short is that Whimo uh"}, {"start": "00:01:39", "end": "00:01:44", "text": "allegedly only realized this because it"}, {"start": "00:01:42", "end": "00:01:46", "text": "was unique experiences through their"}, {"start": "00:01:44", "end": "00:01:47", "text": "cameras inside the vehicle. They"}, {"start": "00:01:46", "end": "00:01:48", "text": "realized that these kids were shooting"}, {"start": "00:01:47", "end": "00:01:50", "text": "the paintballs out of the car. They"}, {"start": "00:01:48", "end": "00:01:52", "text": "called the police. They disabled the"}, {"start": "00:01:50", "end": "00:01:54", "text": "vehicle. They tricked the kids and told"}, {"start": "00:01:52", "end": "00:01:55", "text": "them they were having some car trouble."}, {"start": "00:01:54", "end": "00:01:57", "text": "Just stay in the car. And then the cops"}, {"start": "00:01:55", "end": "00:01:58", "text": "show up and get them in trouble. I think"}, {"start": "00:01:57", "end": "00:01:59", "text": "they got arrested or whatever."}, {"start": "00:01:58", "end": "00:02:01", "text": ">> Yeah,"}, {"start": "00:01:59", "end": "00:02:05", "text": ">> self-driving cars sound awesome. getting"}, {"start": "00:02:01", "end": "00:02:06", "text": "essentially kidnapped by the Kaio,"}, {"start": "00:02:05", "end": "00:02:08", "text": "even if they're waiting for the cops."}, {"start": "00:02:06", "end": "00:02:09", "text": "That sounds like uh this is going to get"}, {"start": "00:02:08", "end": "00:02:11", "text": "really weird."}, {"start": "00:02:09", "end": "00:02:13", "text": ">> Yeah, I I'm not one of the I'm not one"}, {"start": "00:02:11", "end": "00:02:15", "text": "of these like doomsday conspiracy guys"}, {"start": "00:02:13", "end": "00:02:16", "text": "when it comes to to technology more"}, {"start": "00:02:15", "end": "00:02:19", "text": "often than not. Just being in the space"}, {"start": "00:02:16", "end": "00:02:21", "text": "I'm in, like I find techn technological"}, {"start": "00:02:19", "end": "00:02:22", "text": "advancements to be a good thing. And"}, {"start": "00:02:21", "end": "00:02:24", "text": "then the tin foil hat, people start to"}, {"start": "00:02:22", "end": "00:02:25", "text": "go crazy. And a lot of times I'm like,"}, {"start": "00:02:24", "end": "00:02:27", "text": "\"All right, relax.\" But when you start"}, {"start": "00:02:25", "end": "00:02:29", "text": "to see like, oh, I I'm starting to see"}, {"start": "00:02:27", "end": "00:02:31", "text": "how this could be an issue. Like, you"}, {"start": "00:02:29", "end": "00:02:33", "text": "know, in a case like this, like if that"}, {"start": "00:02:31", "end": "00:02:34", "text": "was a real gun, probably be a good"}, {"start": "00:02:33", "end": "00:02:37", "text": "thing, right? We'd be saying like, wow,"}, {"start": "00:02:34", "end": "00:02:38", "text": "Whimo stopped uh these kids from"}, {"start": "00:02:37", "end": "00:02:41", "text": ">> stopped an active shooter."}, {"start": "00:02:38", "end": "00:02:42", "text": ">> Right. Right. And it's not. It's like I"}, {"start": "00:02:41", "end": "00:02:44", "text": "understand where the confusion could"}, {"start": "00:02:42", "end": "00:02:46", "text": "have happened in this specific instance,"}, {"start": "00:02:44", "end": "00:02:47", "text": "but you know, the old slippery slope"}, {"start": "00:02:46", "end": "00:02:50", "text": "sort of thing like where do you draw the"}, {"start": "00:02:47", "end": "00:02:51", "text": "line? If you are somebody is, you know,"}, {"start": "00:02:50", "end": "00:02:52", "text": "on the phone like screaming at someone"}, {"start": "00:02:51", "end": "00:02:54", "text": "in the back of a Whimo, can they decide"}, {"start": "00:02:52", "end": "00:02:55", "text": "that that person's dangerous or I don't"}, {"start": "00:02:54", "end": "00:02:57", "text": "know, you have some drugs on you or"}, {"start": "00:02:55", "end": "00:02:59", "text": "whatever. What's supposed to be in a"}, {"start": "00:02:57", "end": "00:03:01", "text": "private moment? If Whimo is just"}, {"start": "00:02:59", "end": "00:03:02", "text": "watching and probably watching like who"}, {"start": "00:03:01", "end": "00:03:03", "text": "can we call the cops on, you know what I"}, {"start": "00:03:02", "end": "00:03:04", "text": "mean?"}, {"start": "00:03:03", "end": "00:03:06", "text": ">> Is it weirder that they have cameras"}, {"start": "00:03:04", "end": "00:03:07", "text": "that they're watching? Cuz they they"}, {"start": "00:03:06", "end": "00:03:08", "text": "claim that they don't watch the cameras"}, {"start": "00:03:07", "end": "00:03:09", "text": "all the time, which I find that very"}, {"start": "00:03:08", "end": "00:03:10", "text": "hard to believe, but that's what they"}, {"start": "00:03:09", "end": "00:03:12", "text": "claim."}, {"start": "00:03:10", "end": "00:03:13", "text": ">> Uh is that the weirder part or is it"}, {"start": "00:03:12", "end": "00:03:15", "text": "weirder that they like disabled the car"}, {"start": "00:03:13", "end": "00:03:16", "text": "and like were able to essentially like"}, {"start": "00:03:15", "end": "00:03:17", "text": "keep the kids there? Well, I I feel like"}, {"start": "00:03:16", "end": "00:03:19", "text": "you can't like really have one without"}, {"start": "00:03:17", "end": "00:03:21", "text": "the other. It's like they both feed each"}, {"start": "00:03:19", "end": "00:03:23", "text": "other. It's"}, {"start": "00:03:21", "end": "00:03:25", "text": "I if the Whimo like locked you in the"}, {"start": "00:03:23", "end": "00:03:27", "text": "car, that would be crazy."}, {"start": "00:03:25", "end": "00:03:29", "text": ">> Sounds like they kind of just tricked"}, {"start": "00:03:27", "end": "00:03:30", "text": "two dumb kids into thinking there was"}, {"start": "00:03:29", "end": "00:03:31", "text": "car trouble."}, {"start": "00:03:30", "end": "00:03:33", "text": ">> But maybe they did lock him and they"}, {"start": "00:03:31", "end": "00:03:34", "text": "just don't want to say it. Like [�__�]"}, {"start": "00:03:33", "end": "00:03:36", "text": "nuts."}, {"start": "00:03:34", "end": "00:03:37", "text": ">> So like would that change your view of"}, {"start": "00:03:36", "end": "00:03:38", "text": "this and you'd be like, \"All right, that"}, {"start": "00:03:37", "end": "00:03:38", "text": "was too far if they locked him in the"}, {"start": "00:03:38", "end": "00:03:39", "text": "car.\""}, {"start": "00:03:38", "end": "00:03:42", "text": ">> Yeah, because All right, so like I have"}, {"start": "00:03:39", "end": "00:03:43", "text": "a gun on me in this car and the"}, {"start": "00:03:42", "end": "00:03:44", "text": ">> real gun."}, {"start": "00:03:43", "end": "00:03:46", "text": ">> Yeah, who knows? We we don't know,"}, {"start": "00:03:44", "end": "00:03:49", "text": "right? But I don't know what if it was"}, {"start": "00:03:46", "end": "00:03:52", "text": "because I it was a self-defense. I'm I'm"}, {"start": "00:03:49", "end": "00:03:53", "text": "going to save my kids who are and I have"}, {"start": "00:03:52", "end": "00:03:54", "text": "my gun and you lock me in the car and I"}, {"start": "00:03:53", "end": "00:03:58", "text": "you know what I mean? Like"}, {"start": "00:03:54", "end": "00:04:00", "text": ">> in California that's still illegal."}, {"start": "00:03:58", "end": "00:04:01", "text": ">> Like all of these are obviously extreme"}, {"start": "00:04:00", "end": "00:04:03", "text": "scenarios, but you have to"}, {"start": "00:04:01", "end": "00:04:04", "text": ">> but also two 15-year-old kids drinking"}, {"start": "00:04:03", "end": "00:04:05", "text": "and shooting paintball guns is an"}, {"start": "00:04:04", "end": "00:04:07", "text": "extreme scenario, right?"}, {"start": "00:04:05", "end": "00:04:08", "text": ">> That's a good point. Yeah. Yeah. I mean,"}, {"start": "00:04:07", "end": "00:04:10", "text": "that's the other thing, too. It's like,"}, {"start": "00:04:08", "end": "00:04:12", "text": "am I am I really too bent out of shape"}, {"start": "00:04:10", "end": "00:04:14", "text": "that two 15-year-old kids who were"}, {"start": "00:04:12", "end": "00:04:16", "text": "shooting people drunk? You know,"}, {"start": "00:04:14", "end": "00:04:17", "text": "shooting paintballs. Yeah. Yeah. Yeah."}, {"start": "00:04:16", "end": "00:04:20", "text": "Shooting at But also, you know, you"}, {"start": "00:04:17", "end": "00:04:21", "text": "don't I see some kid driving by with a a"}, {"start": "00:04:20", "end": "00:04:23", "text": "painted black gun out the door. I'm not"}, {"start": "00:04:21", "end": "00:04:24", "text": "thinking, oh, that's probably an Orbeez"}, {"start": "00:04:23", "end": "00:04:26", "text": "that he's shooting at me. So, you know,"}, {"start": "00:04:24", "end": "00:04:27", "text": "if you're two kids who are about to go"}, {"start": "00:04:26", "end": "00:04:29", "text": "wreak havoc, I'm not going to cry for"}, {"start": "00:04:27", "end": "00:04:30", "text": "you. But when you start to play out all"}, {"start": "00:04:29", "end": "00:04:32", "text": "the other scenarios where a car might"}, {"start": "00:04:30", "end": "00:04:34", "text": "surveil you, stalk you, spy on you, and"}, {"start": "00:04:32", "end": "00:04:37", "text": "lock you in a car, or call the"}, {"start": "00:04:34", "end": "00:04:40", "text": "authorities, it's like, so now some"}, {"start": "00:04:37", "end": "00:04:42", "text": "security or operations person at Whimo"}, {"start": "00:04:40", "end": "00:04:44", "text": "is like judge, jury, and executioner on"}, {"start": "00:04:42", "end": "00:04:45", "text": "your behavior."}, {"start": "00:04:44", "end": "00:04:47", "text": ">> It's kind of crazy."}, {"start": "00:04:45", "end": "00:04:48", "text": ">> It also takes the joy out of childhood a"}, {"start": "00:04:47", "end": "00:04:49", "text": "little bit, too, right?"}, {"start": "00:04:48", "end": "00:04:51", "text": ">> If you if you feel like at any given"}, {"start": "00:04:49", "end": "00:04:52", "text": "moment like or maybe it makes it more"}, {"start": "00:04:51", "end": "00:04:53", "text": "fun."}, {"start": "00:04:52", "end": "00:04:54", "text": ">> I don't know. Like"}, {"start": "00:04:53", "end": "00:04:56", "text": ">> we might get caught by the Whimo"}, {"start": "00:04:54", "end": "00:04:58", "text": "surveillance cameras. we might be"}, {"start": "00:04:56", "end": "00:04:59", "text": "getting watched by the satellites in"}, {"start": "00:04:58", "end": "00:05:01", "text": "space like how are we going to get away"}, {"start": "00:04:59", "end": "00:05:03", "text": "with this? But yeah, I mean it's it's"}, {"start": "00:05:01", "end": "00:05:03", "text": "it's a lot harder to get away with"}, {"start": "00:05:03", "end": "00:05:05", "text": "anything."}, {"start": "00:05:03", "end": "00:05:06", "text": ">> It's funny you say that because uh"}, {"start": "00:05:05", "end": "00:05:08", "text": "obviously Flock um I don't for those"}, {"start": "00:05:06", "end": "00:05:10", "text": "that don't know Flock is like this whole"}, {"start": "00:05:08", "end": "00:05:12", "text": "uh camera system uh that they put up in"}, {"start": "00:05:10", "end": "00:05:13", "text": "residential areas usually. Uh they have"}, {"start": "00:05:12", "end": "00:05:16", "text": "license plate readers, all this stuff. I"}, {"start": "00:05:13", "end": "00:05:17", "text": "saw um who's the guy uh Adam he uh like"}, {"start": "00:05:16", "end": "00:05:19", "text": "jump"}, {"start": "00:05:17", "end": "00:05:22", "text": ">> Adam Adam 22. No Jumper. Yeah, that guy."}, {"start": "00:05:19", "end": "00:05:25", "text": "Right. Um, he had on I'm pretty sure"}, {"start": "00:05:22", "end": "00:05:28", "text": "they were like the two ring leaders of"}, {"start": "00:05:25", "end": "00:05:30", "text": "like some sort of San Francisco or"}, {"start": "00:05:28", "end": "00:05:32", "text": "California based like criminal"}, {"start": "00:05:30", "end": "00:05:35", "text": "enterprise and they were talking on a"}, {"start": "00:05:32", "end": "00:05:36", "text": "podcast with their real faces visible"}, {"start": "00:05:35", "end": "00:05:38", "text": "saying we can't steal cars anymore"}, {"start": "00:05:36", "end": "00:05:40", "text": "because of flock"}, {"start": "00:05:38", "end": "00:05:42", "text": ">> and I was like wait what? And I just saw"}, {"start": "00:05:40", "end": "00:05:43", "text": "a clip online and they were basically"}, {"start": "00:05:42", "end": "00:05:46", "text": "saying that because the license plate"}, {"start": "00:05:43", "end": "00:05:48", "text": "readers it's very easy but the cops also"}, {"start": "00:05:46", "end": "00:05:49", "text": "have drones now. So they were like,"}, {"start": "00:05:48", "end": "00:05:51", "text": "\"Yeah, if we steal a car, they just"}, {"start": "00:05:49", "end": "00:05:52", "text": "shoot the drones up in the air. They"}, {"start": "00:05:51", "end": "00:05:54", "text": "start tracking us. Then they got the"}, {"start": "00:05:52", "end": "00:05:57", "text": "license plate reader and the cameras.\""}, {"start": "00:05:54", "end": "00:05:58", "text": "So like hearing the people who are"}, {"start": "00:05:57", "end": "00:06:00", "text": "openly admitting like, \"We used to steal"}, {"start": "00:05:58", "end": "00:06:02", "text": "cars. We can't do that anymore because"}, {"start": "00:06:00", "end": "00:06:02", "text": "of this technology.\" Positive"}, {"start": "00:06:02", "end": "00:06:03", "text": "development."}, {"start": "00:06:02", "end": "00:06:06", "text": ">> Yeah."}, {"start": "00:06:03", "end": "00:06:07", "text": ">> Same time is there's a lot of people who"}, {"start": "00:06:06", "end": "00:06:08", "text": "are fighting all the flock installations"}, {"start": "00:06:07", "end": "00:06:09", "text": "and being like, \"What do you mean? I"}, {"start": "00:06:08", "end": "00:06:11", "text": "just was like driving down the street."}, {"start": "00:06:09", "end": "00:06:11", "text": "You're just videotaping me for no"}, {"start": "00:06:11", "end": "00:06:13", "text": "reason.\""}, {"start": "00:06:11", "end": "00:06:15", "text": ">> Right. I mean, the the story I saw with"}, {"start": "00:06:13", "end": "00:06:17", "text": "Flock was a an Amazon package was stolen"}, {"start": "00:06:15", "end": "00:06:18", "text": "off of someone's front porch."}, {"start": "00:06:17", "end": "00:06:19", "text": ">> Okay,"}, {"start": "00:06:18", "end": "00:06:21", "text": ">> that was first of all, we knew that"}, {"start": "00:06:19", "end": "00:06:23", "text": "because of a Ring camera because there's"}, {"start": "00:06:21", "end": "00:06:25", "text": "just constantly surveillance."}, {"start": "00:06:23", "end": "00:06:27", "text": ">> Well, the Ring camera"}, {"start": "00:06:25", "end": "00:06:28", "text": "person and then that was like we need to"}, {"start": "00:06:27", "end": "00:06:30", "text": "identify who that person is. Now, they"}, {"start": "00:06:28", "end": "00:06:33", "text": "went to uh someone in that neighborhood"}, {"start": "00:06:30", "end": "00:06:34", "text": "who did look extremely like this girl."}, {"start": "00:06:33", "end": "00:06:36", "text": "So, I could understand why it was like a"}, {"start": "00:06:34", "end": "00:06:38", "text": "suspect, but the only evidence they had,"}, {"start": "00:06:36", "end": "00:06:40", "text": "they came back to her with a, you know,"}, {"start": "00:06:38", "end": "00:06:43", "text": "folder paper that said you were in this"}, {"start": "00:06:40", "end": "00:06:45", "text": "town from 11:52 to 12:09 and that's"}, {"start": "00:06:43", "end": "00:06:47", "text": "exactly when this crime happened. You"}, {"start": "00:06:45", "end": "00:06:48", "text": "did it. And that I mean that was it. Oh,"}, {"start": "00:06:47", "end": "00:06:50", "text": "because what they did is they took the"}, {"start": "00:06:48", "end": "00:06:51", "text": "Ring camera, knew it was a woman who"}, {"start": "00:06:50", "end": "00:06:53", "text": "kind of sort of looked like this and"}, {"start": "00:06:51", "end": "00:06:54", "text": "then and then they had the license plate"}, {"start": "00:06:53", "end": "00:06:56", "text": "reader or something and so they put"}, {"start": "00:06:54", "end": "00:06:57", "text": "together these two pieces of data and"}, {"start": "00:06:56", "end": "00:06:58", "text": "they went to her and said, \"You stole"}, {"start": "00:06:57", "end": "00:07:00", "text": "the package.\""}, {"start": "00:06:58", "end": "00:07:02", "text": ">> And and she was they were like, \"Why"}, {"start": "00:07:00", "end": "00:07:04", "text": "else would you be there?\" and she was"}, {"start": "00:07:02", "end": "00:07:07", "text": "like, \"I drive to work there. That's my"}, {"start": "00:07:04", "end": "00:07:09", "text": "route to go to and from work. You will"}, {"start": "00:07:07", "end": "00:07:11", "text": "catch me there like all the time.\" And"}, {"start": "00:07:09", "end": "00:07:13", "text": "then she had her own video evidence"}, {"start": "00:07:11", "end": "00:07:15", "text": "showing that her car was actually in"}, {"start": "00:07:13", "end": "00:07:16", "text": "this town and it was a picture of, you"}, {"start": "00:07:15", "end": "00:07:19", "text": "know, other evidence that they just"}, {"start": "00:07:16", "end": "00:07:21", "text": "would not look at cuz it sounded to me"}, {"start": "00:07:19", "end": "00:07:23", "text": "like they were excited almost to be"}, {"start": "00:07:21", "end": "00:07:24", "text": "like, \"We used our new system and we got"}, {"start": "00:07:23", "end": "00:07:27", "text": "you.\" And"}, {"start": "00:07:24", "end": "00:07:29", "text": ">> so she used some surveillance"}, {"start": "00:07:27", "end": "00:07:30", "text": ">> versus AI, surveillance versus"}, {"start": "00:07:29", "end": "00:07:32", "text": "surveillance. And she did eventually get"}, {"start": "00:07:30", "end": "00:07:33", "text": "off, but she had to like I think she had"}, {"start": "00:07:32", "end": "00:07:35", "text": "to go to court. She had to do all this"}, {"start": "00:07:33", "end": "00:07:37", "text": "nonsense and it was all over some petty"}, {"start": "00:07:35", "end": "00:07:38", "text": "theft. But you know what? If it's not"}, {"start": "00:07:37", "end": "00:07:40", "text": "what if what if she matched the"}, {"start": "00:07:38", "end": "00:07:42", "text": "description of a of a hit and run or a"}, {"start": "00:07:40", "end": "00:07:44", "text": "murder or something crazy."}, {"start": "00:07:42", "end": "00:07:46", "text": ">> I'm surprised Bezos hasn't invented like"}, {"start": "00:07:44", "end": "00:07:48", "text": "a unsealable package."}, {"start": "00:07:46", "end": "00:07:50", "text": ">> Yeah. Yeah. Like like locks to the"}, {"start": "00:07:48", "end": "00:07:52", "text": "ground somehow like extra gravity from"}, {"start": "00:07:50", "end": "00:07:54", "text": "space. You can't lift it up. Or you know"}, {"start": "00:07:52", "end": "00:07:56", "text": "how like uh when people rob a bank in"}, {"start": "00:07:54", "end": "00:07:58", "text": "the movies like there's like the ink the"}, {"start": "00:07:56", "end": "00:08:00", "text": "ink powder like if you steal an Amazon"}, {"start": "00:07:58", "end": "00:08:02", "text": "package there should be powder that"}, {"start": "00:08:00", "end": "00:08:04", "text": "comes out of the box."}, {"start": "00:08:02", "end": "00:08:05", "text": ">> Isn't it Amazon's policy like if if if"}, {"start": "00:08:04", "end": "00:08:06", "text": "it does get stolen or break they just"}, {"start": "00:08:05", "end": "00:08:07", "text": "like whatever we'll send you a new one"}, {"start": "00:08:06", "end": "00:08:10", "text": "right probably."}, {"start": "00:08:07", "end": "00:08:10", "text": ">> It's like an insane amount of like we'll"}, {"start": "00:08:10", "end": "00:08:11", "text": "just accept"}, {"start": "00:08:10", "end": "00:08:12", "text": ">> we print so much money we want to make"}, {"start": "00:08:11", "end": "00:08:14", "text": "you happy."}, {"start": "00:08:12", "end": "00:08:16", "text": ">> Yeah. Yeah. It is not."}, {"start": "00:08:14", "end": "00:08:18", "text": ">> They they will do it on um it's happened"}, {"start": "00:08:16", "end": "00:08:19", "text": "if I get like Uber delivery to our"}, {"start": "00:08:18", "end": "00:08:21", "text": "office building. You know, every I don't"}, {"start": "00:08:19", "end": "00:08:22", "text": "know one out of every hundred times the"}, {"start": "00:08:21", "end": "00:08:24", "text": "food delivery guy like I'm not going to"}, {"start": "00:08:22", "end": "00:08:26", "text": "figure out where to put it. He just puts"}, {"start": "00:08:24", "end": "00:08:28", "text": "it outside on the freaking sidewalk in"}, {"start": "00:08:26", "end": "00:08:30", "text": "New York City. Like dude, what do you"}, {"start": "00:08:28", "end": "00:08:31", "text": "think's going to happen? By the second"}, {"start": "00:08:30", "end": "00:08:33", "text": "that you know they upload the photo,"}, {"start": "00:08:31", "end": "00:08:35", "text": "right? And you're like a man. You get"}, {"start": "00:08:33", "end": "00:08:37", "text": "down there, it's over, right? And so"}, {"start": "00:08:35", "end": "00:08:38", "text": "then you like message the Uber guy and"}, {"start": "00:08:37", "end": "00:08:42", "text": "you're like someone stole it. And"}, {"start": "00:08:38", "end": "00:08:44", "text": "they're like, \"Send evidence.\" Like,"}, {"start": "00:08:42", "end": "00:08:46", "text": ">> \"It's not here. I'm hungry. That's the"}, {"start": "00:08:44", "end": "00:08:48", "text": "evidence. I'm still hungry, jerk."}, {"start": "00:08:46", "end": "00:08:49", "text": ">> I don't have it.\""}, {"start": "00:08:48", "end": "00:08:51", "text": ">> And I'm like, \"Look, he put it on the"}, {"start": "00:08:49", "end": "00:08:53", "text": "sidewalk in New York City. What do you"}, {"start": "00:08:51", "end": "00:08:54", "text": "think happened to it? You think I got"}, {"start": "00:08:53", "end": "00:08:55", "text": "it?\" Um, all right. So, like, but do you"}, {"start": "00:08:54", "end": "00:08:57", "text": "worry about"}, {"start": "00:08:55", "end": "00:08:59", "text": ">> Flock though? I think Flock I just like"}, {"start": "00:08:57", "end": "00:09:01", "text": "caught that news story and I started to"}, {"start": "00:08:59", "end": "00:09:03", "text": "see it bubbling. I think that's going to"}, {"start": "00:09:01", "end": "00:09:04", "text": "be the next especially because it's got"}, {"start": "00:09:03", "end": "00:09:06", "text": "a name. Like, we're it's going to be"}, {"start": "00:09:04", "end": "00:09:08", "text": "Flock cameras and there's going to be"}, {"start": "00:09:06", "end": "00:09:08", "text": "people who are pissed about that. there."}, {"start": "00:09:08", "end": "00:09:10", "text": "I I think"}, {"start": "00:09:08", "end": "00:09:12", "text": ">> is it different than Ring cameras? Like"}, {"start": "00:09:10", "end": "00:09:14", "text": "ring ring I think people maybe they"}, {"start": "00:09:12", "end": "00:09:14", "text": "understand the residential use case for"}, {"start": "00:09:14", "end": "00:09:16", "text": "it."}, {"start": "00:09:14", "end": "00:09:17", "text": ">> You choose you put up your own ring like"}, {"start": "00:09:16", "end": "00:09:20", "text": "I don't have a Ring camera cuz I I think"}, {"start": "00:09:17", "end": "00:09:22", "text": "it's a little bit weird or I also a Ring"}, {"start": "00:09:20", "end": "00:09:23", "text": "camera outside home protection fine."}, {"start": "00:09:22", "end": "00:09:25", "text": "It's like the people who have like Nest"}, {"start": "00:09:23", "end": "00:09:27", "text": "cameras in all their rooms and their"}, {"start": "00:09:25", "end": "00:09:28", "text": "houses and it's like I don't know man I"}, {"start": "00:09:27", "end": "00:09:29", "text": "want to like pick my nose in my living"}, {"start": "00:09:28", "end": "00:09:30", "text": "room and not worry about someone looking"}, {"start": "00:09:29", "end": "00:09:33", "text": "at it. You know"}, {"start": "00:09:30", "end": "00:09:35", "text": ">> when your kid was younger did you guys"}, {"start": "00:09:33", "end": "00:09:37", "text": "have a camera watching the kid"}, {"start": "00:09:35", "end": "00:09:39", "text": ">> for like the the in the nursery? Yeah."}, {"start": "00:09:37", "end": "00:09:40", "text": ">> Yeah. Yeah. Yeah. So, like like that's"}, {"start": "00:09:39", "end": "00:09:42", "text": "the other thing though is I've seen"}, {"start": "00:09:40", "end": "00:09:42", "text": "stories where those can get hacked"}, {"start": "00:09:42", "end": "00:09:43", "text": "pretty easily."}, {"start": "00:09:42", "end": "00:09:45", "text": ">> Oh, wow."}, {"start": "00:09:43", "end": "00:09:47", "text": ">> Now, I don't know what you do. I don't"}, {"start": "00:09:45", "end": "00:09:49", "text": "know what you do with like a camera feed"}, {"start": "00:09:47", "end": "00:09:50", "text": "of like a infant sleeping."}, {"start": "00:09:49", "end": "00:09:51", "text": ">> Yeah, that's creepy."}, {"start": "00:09:50", "end": "00:09:52", "text": ">> But it's weird, right? Like if you're a"}, {"start": "00:09:51", "end": "00:09:54", "text": "parent, you're like, \"Wait a minute."}, {"start": "00:09:52", "end": "00:09:56", "text": "Hold on a second here.\" Like,"}, {"start": "00:09:54", "end": "00:09:59", "text": ">> if you're if you're putting any sort of"}, {"start": "00:09:56", "end": "00:10:01", "text": "like device, smart something or other,"}, {"start": "00:09:59", "end": "00:10:02", "text": "you're going to always be susceptible to"}, {"start": "00:10:01", "end": "00:10:04", "text": "that. I don't know if this is true, but"}, {"start": "00:10:02", "end": "00:10:07", "text": "I was I I heard that after the holiday"}, {"start": "00:10:04", "end": "00:10:09", "text": "with the 78 degrees with mom Donnie that"}, {"start": "00:10:07", "end": "00:10:10", "text": "um somebody was saying that if you have"}, {"start": "00:10:09", "end": "00:10:12", "text": "like a smart thermostat, they can just"}, {"start": "00:10:10", "end": "00:10:14", "text": "lock you at that. Like they can go in"}, {"start": "00:10:12", "end": "00:10:15", "text": "there and be like, \"We're making it 78"}, {"start": "00:10:14", "end": "00:10:17", "text": "so that we don't lose any power.\" And"}, {"start": "00:10:15", "end": "00:10:19", "text": "you have to know how to kind of like"}, {"start": "00:10:17", "end": "00:10:20", "text": "circumvent it and hack it and get in"}, {"start": "00:10:19", "end": "00:10:20", "text": "there cuz they And I don't know if"}, {"start": "00:10:20", "end": "00:10:22", "text": "that's true."}, {"start": "00:10:20", "end": "00:10:23", "text": ">> Jailbreak thermostat."}, {"start": "00:10:22", "end": "00:10:24", "text": ">> Yeah, that's what it sounded like he"}, {"start": "00:10:23", "end": "00:10:25", "text": "needed to do. And like, you know,"}, {"start": "00:10:24", "end": "00:10:28", "text": "there's some 14-year-old kid on"}, {"start": "00:10:25", "end": "00:10:30", "text": "Craigslist, right? I will jailbreak your"}, {"start": "00:10:28", "end": "00:10:31", "text": "thermostat for $100."}, {"start": "00:10:30", "end": "00:10:32", "text": ">> Exactly. And I and I'll gladly pay for"}, {"start": "00:10:31", "end": "00:10:34", "text": "you, bro."}, {"start": "00:10:32", "end": "00:10:38", "text": ">> I ain't doing 78 degrees."}, {"start": "00:10:34", "end": "00:10:39", "text": ">> 200 if you could be here in a half hour."}, {"start": "00:10:38", "end": "00:10:42", "text": ">> Yeah. And like and like extra hack it so"}, {"start": "00:10:39", "end": "00:10:43", "text": "it can go down to like 41."}, {"start": "00:10:42", "end": "00:10:46", "text": ">> I want to live in a freezer, man."}, {"start": "00:10:43", "end": "00:10:47", "text": ">> Yeah. So I It is weird though like uh uh"}, {"start": "00:10:46", "end": "00:10:49", "text": "I think that's maybe a good heristic of"}, {"start": "00:10:47", "end": "00:10:51", "text": "like if you put the ring on yourself in"}, {"start": "00:10:49", "end": "00:10:53", "text": "your own property, that's one thing. But"}, {"start": "00:10:51", "end": "00:10:55", "text": "if you then go in your neighborhood and"}, {"start": "00:10:53", "end": "00:10:56", "text": "somebody else got to decide that the"}, {"start": "00:10:55", "end": "00:10:58", "text": "camera is there,"}, {"start": "00:10:56", "end": "00:11:00", "text": ">> your homeowners association or a mayor,"}, {"start": "00:10:58", "end": "00:11:02", "text": "a local, whatever, and they're just"}, {"start": "00:11:00", "end": "00:11:04", "text": "like, \"We're going to be watching you"}, {"start": "00:11:02", "end": "00:11:06", "text": "always.\" And it's like my my big problem"}, {"start": "00:11:04", "end": "00:11:09", "text": "with all these things is there's always"}, {"start": "00:11:06", "end": "00:11:10", "text": "going to be extreme examples where this"}, {"start": "00:11:09", "end": "00:11:12", "text": "is a great thing. Like I said, if that"}, {"start": "00:11:10", "end": "00:11:12", "text": "Whimo stopped the school shooting,"}, {"start": "00:11:12", "end": "00:11:15", "text": ">> amazing."}, {"start": "00:11:12", "end": "00:11:17", "text": ">> We would the Whimo would be the hero."}, {"start": "00:11:15", "end": "00:11:20", "text": ">> Amazing. But are we gonna like that's"}, {"start": "00:11:17", "end": "00:11:23", "text": "the 0.01% Oh, 1% of life and the other"}, {"start": "00:11:20", "end": "00:11:25", "text": "999 is now going to be surveiled. And I"}, {"start": "00:11:23", "end": "00:11:27", "text": "just don't like that. I always think"}, {"start": "00:11:25", "end": "00:11:29", "text": "this technology though. I think it from"}, {"start": "00:11:27", "end": "00:11:30", "text": "major things like this down to like"}, {"start": "00:11:29", "end": "00:11:33", "text": "umpires in baseball with the with the"}, {"start": "00:11:30", "end": "00:11:34", "text": "challenge. Like I don't like it. My"}, {"start": "00:11:33", "end": "00:11:37", "text": "generation feels like it's robotic and"}, {"start": "00:11:34", "end": "00:11:39", "text": "we need an umpire and the human element"}, {"start": "00:11:37", "end": "00:11:41", "text": "and you know when they're overturning"}, {"start": "00:11:39", "end": "00:11:43", "text": "calls that are microscopic. I don't like"}, {"start": "00:11:41", "end": "00:11:44", "text": "that. We're like the only generation in"}, {"start": "00:11:43", "end": "00:11:46", "text": "history that's we're gonna die out. And"}, {"start": "00:11:44", "end": "00:11:48", "text": "the new people who have grown up with it"}, {"start": "00:11:46", "end": "00:11:49", "text": "this way are not gonna twice about it."}, {"start": "00:11:48", "end": "00:11:51", "text": ">> They're just gonna have to automate."}, {"start": "00:11:49", "end": "00:11:52", "text": ">> So yeah, cameras follow you when you"}, {"start": "00:11:51", "end": "00:11:54", "text": "drive through your neighborhood. Don't"}, {"start": "00:11:52", "end": "00:11:55", "text": "do anything stupid. Uh cameras watch you"}, {"start": "00:11:54", "end": "00:11:57", "text": "at home. Don't, you know, scratch your"}, {"start": "00:11:55", "end": "00:11:59", "text": "balls. Like I I think they're just going"}, {"start": "00:11:57", "end": "00:12:02", "text": "to grow up with that as standard. So I"}, {"start": "00:11:59", "end": "00:12:03", "text": "don't think there'll be much outrage,"}, {"start": "00:12:02", "end": "00:12:04", "text": "long outrage. I think we'll be, you"}, {"start": "00:12:03", "end": "00:12:06", "text": "know, a period of outrage from people"}, {"start": "00:12:04", "end": "00:12:07", "text": "like us who are dinosaurs and the rest"}, {"start": "00:12:06", "end": "00:12:08", "text": "of people. It's just the way the world"}, {"start": "00:12:07", "end": "00:12:09", "text": "goes."}, {"start": "00:12:08", "end": "00:12:11", "text": ">> Before we move on, we talk about"}, {"start": "00:12:09", "end": "00:12:13", "text": "umpires. Let's give your boy a shout"}, {"start": "00:12:11", "end": "00:12:16", "text": "out. the uh the baseball umpire on"}, {"start": "00:12:13", "end": "00:12:17", "text": "Instagram is electric."}, {"start": "00:12:16", "end": "00:12:18", "text": ">> What What is this? Yeah. Yeah. What is"}, {"start": "00:12:17", "end": "00:12:21", "text": "this thing?"}, {"start": "00:12:18", "end": "00:12:23", "text": ">> Sit down, dude. So, this this is a uh uh"}, {"start": "00:12:21", "end": "00:12:23", "text": ">> we we'll put his uh handle on the"}, {"start": "00:12:23", "end": "00:12:25", "text": "screen."}, {"start": "00:12:23", "end": "00:12:28", "text": ">> He's truly one of my favorite followers"}, {"start": "00:12:25", "end": "00:12:30", "text": "in a long time. He's a umpire for local"}, {"start": "00:12:28", "end": "00:12:33", "text": "beer leagues and little league, but he"}, {"start": "00:12:30", "end": "00:12:35", "text": "calls out how ridiculous the kids are"}, {"start": "00:12:33", "end": "00:12:37", "text": "and the how much money they spend and"}, {"start": "00:12:35", "end": "00:12:38", "text": "how they act. So he'll like play a"}, {"start": "00:12:37", "end": "00:12:41", "text": "little clip and then it cuts back to him"}, {"start": "00:12:38", "end": "00:12:43", "text": "and he just goes, \"Sit down, kid.\" And"}, {"start": "00:12:41", "end": "00:12:44", "text": "it is so good every time because now"}, {"start": "00:12:43", "end": "00:12:46", "text": "that I'm doing some youth sports stuff"}, {"start": "00:12:44", "end": "00:12:47", "text": "myself, these there are just times you"}, {"start": "00:12:46", "end": "00:12:49", "text": "want to like the parents or a little"}, {"start": "00:12:47", "end": "00:12:50", "text": "kid, you just want to RING THEIR NECK."}, {"start": "00:12:49", "end": "00:12:53", "text": "SIT DOWN."}, {"start": "00:12:50", "end": "00:12:55", "text": ">> He's like, \"Uh, sir, your son did not uh"}, {"start": "00:12:53", "end": "00:12:57", "text": "strike out cuz I'm bad at my job. He"}, {"start": "00:12:55", "end": "00:12:58", "text": "just has $1,400 worth of gear and he"}, {"start": "00:12:57", "end": "00:13:01", "text": "can't hit a baseball.\""}, {"start": "00:12:58", "end": "00:13:02", "text": ">> Right. That's Yo, man. I You want to"}, {"start": "00:13:01", "end": "00:13:05", "text": "talk about business? The business of"}, {"start": "00:13:02", "end": "00:13:07", "text": "youth sports is insane. And it's almost"}, {"start": "00:13:05", "end": "00:13:09", "text": "become cliche if you if you consume a"}, {"start": "00:13:07", "end": "00:13:10", "text": "lot of that youth sports content. It's"}, {"start": "00:13:09", "end": "00:13:13", "text": "like we're all saying it. So it's not a"}, {"start": "00:13:10", "end": "00:13:15", "text": "novel concept, but it is godamn true. I"}, {"start": "00:13:13", "end": "00:13:16", "text": "mean, the amount of money like what do"}, {"start": "00:13:15", "end": "00:13:18", "text": "you spend money on for it? My god. So"}, {"start": "00:13:16", "end": "00:13:19", "text": "like you know what the craziest is?"}, {"start": "00:13:18", "end": "00:13:22", "text": "Dance for my daughter. Dance."}, {"start": "00:13:19", "end": "00:13:24", "text": ">> Dance is like 10 grand. It's nuts."}, {"start": "00:13:22", "end": "00:13:25", "text": ">> What? Cuz they got to they got to pay"}, {"start": "00:13:24", "end": "00:13:27", "text": "for like they're in these competition"}, {"start": "00:13:25", "end": "00:13:29", "text": "now. My daughter does a lot of dance. So"}, {"start": "00:13:27", "end": "00:13:32", "text": "she's in like seven different things. So"}, {"start": "00:13:29", "end": "00:13:34", "text": "it's a lot. But tip tap, ballet,"}, {"start": "00:13:32", "end": "00:13:36", "text": "hip-hop. Oh. I'm like, \"Just pick one"}, {"start": "00:13:34", "end": "00:13:38", "text": "dance and do it.\" But, uh, they they"}, {"start": "00:13:36", "end": "00:13:39", "text": "need to rent out like these like arenas"}, {"start": "00:13:38", "end": "00:13:40", "text": "and theaters for the competitions and"}, {"start": "00:13:39", "end": "00:13:42", "text": "that cost money and they all have to"}, {"start": "00:13:40", "end": "00:13:44", "text": "have the costumes and then they're also"}, {"start": "00:13:42", "end": "00:13:44", "text": "putting it in their fat pockets."}, {"start": "00:13:44", "end": "00:13:46", "text": ">> 100%."}, {"start": "00:13:44", "end": "00:13:47", "text": ">> So, there's that. Uh,"}, {"start": "00:13:46", "end": "00:13:49", "text": ">> you know, you know, you know, you know"}, {"start": "00:13:47", "end": "00:13:51", "text": "how you know sports you sports is making"}, {"start": "00:13:49", "end": "00:13:53", "text": "money? This private equity is involved."}, {"start": "00:13:51", "end": "00:13:54", "text": ">> Yeah. If private equity sniffs you out,"}, {"start": "00:13:53", "end": "00:13:56", "text": ">> if they say, \"Hey, this is a good spot"}, {"start": "00:13:54", "end": "00:13:57", "text": "for us to be in,\" that means that money"}, {"start": "00:13:56", "end": "00:13:58", "text": "has ended up in someone's pocket and"}, {"start": "00:13:57", "end": "00:13:59", "text": "they want a piece of it."}, {"start": "00:13:58", "end": "00:14:01", "text": ">> And we know they're going to ruin it"}, {"start": "00:13:59", "end": "00:14:02", "text": "even more like they ruin everything else"}, {"start": "00:14:01", "end": "00:14:05", "text": "in the world. Private equity, god damn"}, {"start": "00:14:02", "end": "00:14:06", "text": "it. But uh you know even soccer."}, {"start": "00:14:05", "end": "00:14:08", "text": ">> What about what about at these sporting"}, {"start": "00:14:06", "end": "00:14:10", "text": "events? Are the parents like recording"}, {"start": "00:14:08", "end": "00:14:12", "text": "everything and editing and like"}, {"start": "00:14:10", "end": "00:14:14", "text": ">> Oh my god. Oh my god. Everyone is now a"}, {"start": "00:14:12", "end": "00:14:16", "text": "videographer. Everyone is you know"}, {"start": "00:14:14", "end": "00:14:18", "text": ">> for like fun on Instagram or like my"}, {"start": "00:14:16", "end": "00:14:21", "text": "kids going to go play college sports?"}, {"start": "00:14:18", "end": "00:14:23", "text": ">> Both. But the the delusion, the amount"}, {"start": "00:14:21", "end": "00:14:26", "text": "of like you know if your kid playing"}, {"start": "00:14:23", "end": "00:14:28", "text": "even like high school varsity in any of"}, {"start": "00:14:26", "end": "00:14:29", "text": "these sports is probably pretty slim. It"}, {"start": "00:14:28", "end": "00:14:31", "text": "is infantessimal that you're going to"}, {"start": "00:14:29", "end": "00:14:33", "text": "play college and it is a 0% chance"}, {"start": "00:14:31", "end": "00:14:35", "text": "you're going to play pro. And everybody"}, {"start": "00:14:33", "end": "00:14:37", "text": "out there just I guess thinks like I"}, {"start": "00:14:35", "end": "00:14:39", "text": "never even once considered it. I was"}, {"start": "00:14:37", "end": "00:14:41", "text": "like I will I just hope my kids"}, {"start": "00:14:39", "end": "00:14:42", "text": ">> are on the team in high school and like"}, {"start": "00:14:41", "end": "00:14:44", "text": "or in sports is a fun thing in their"}, {"start": "00:14:42", "end": "00:14:46", "text": "life. I have never even considered"}, {"start": "00:14:44", "end": "00:14:49", "text": "college thinking your kid's going to go"}, {"start": "00:14:46", "end": "00:14:50", "text": "pro. You better have like a superstar."}, {"start": "00:14:49", "end": "00:14:53", "text": "But yeah, these people are constantly"}, {"start": "00:14:50", "end": "00:14:56", "text": "filming the the arguing, the fighting."}, {"start": "00:14:53", "end": "00:14:58", "text": "It is so embarrassing. And I know again"}, {"start": "00:14:56", "end": "00:15:00", "text": "it's nothing new. You'll see a million"}, {"start": "00:14:58", "end": "00:15:03", "text": "pieces of content out there every day,"}, {"start": "00:15:00", "end": "00:15:04", "text": "but I just could never fathom being a"}, {"start": "00:15:03", "end": "00:15:06", "text": "person at a game with like"}, {"start": "00:15:04", "end": "00:15:08", "text": "sevenyear-olds and you're cursing and"}, {"start": "00:15:06", "end": "00:15:10", "text": "screaming and picking fights and like"}, {"start": "00:15:08", "end": "00:15:11", "text": "and cuz it's not the kids. It the kids"}, {"start": "00:15:10", "end": "00:15:13", "text": "are fine. I mean, the kids are a little"}, {"start": "00:15:11", "end": "00:15:14", "text": "bit like spoiled. They do have too much"}, {"start": "00:15:13", "end": "00:15:15", "text": "gear, that [�__�] but for the most part,"}, {"start": "00:15:14", "end": "00:15:16", "text": "the kids just want to like play ball."}, {"start": "00:15:15", "end": "00:15:18", "text": "Yeah."}, {"start": "00:15:16", "end": "00:15:20", "text": ">> And it's the parents and the coaches and"}, {"start": "00:15:18", "end": "00:15:22", "text": "they're the real problems. You know,"}, {"start": "00:15:20", "end": "00:15:23", "text": "even when we make fun of people are uh"}, {"start": "00:15:22", "end": "00:15:25", "text": "when the whole participation trophy"}, {"start": "00:15:23", "end": "00:15:27", "text": "angle was a big thing,"}, {"start": "00:15:25", "end": "00:15:29", "text": ">> the kids are not the ones giving out the"}, {"start": "00:15:27", "end": "00:15:31", "text": "participation trophies. That was the"}, {"start": "00:15:29", "end": "00:15:32", "text": "parents. That was that generation. So"}, {"start": "00:15:31", "end": "00:15:34", "text": "when people kids are soft these days,"}, {"start": "00:15:32", "end": "00:15:35", "text": "they want participation trophies. Like"}, {"start": "00:15:34", "end": "00:15:37", "text": "they didn't decide to give those out."}, {"start": "00:15:35", "end": "00:15:40", "text": "They just showed up to the field. You"}, {"start": "00:15:37", "end": "00:15:42", "text": "guys gave them. So I think you know kids"}, {"start": "00:15:40", "end": "00:15:44", "text": "are always pretty innocent until the"}, {"start": "00:15:42", "end": "00:15:45", "text": "technology, the parents, the world gets"}, {"start": "00:15:44", "end": "00:15:47", "text": "into them and then they everyone's part"}, {"start": "00:15:45", "end": "00:15:48", "text": "of the problem. But yeah, it is my my"}, {"start": "00:15:47", "end": "00:15:51", "text": "thing about soccer, the whole reason"}, {"start": "00:15:48", "end": "00:15:52", "text": "soccer even is the thing the the"}, {"start": "00:15:51", "end": "00:15:54", "text": "juggernaut that it is is because you"}, {"start": "00:15:52", "end": "00:15:56", "text": "need a ball and like some sort of square"}, {"start": "00:15:54", "end": "00:15:58", "text": "to kick it into and the poorest kids in"}, {"start": "00:15:56", "end": "00:16:01", "text": "the world could play it. And now it's"}, {"start": "00:15:58", "end": "00:16:02", "text": "like two grand to play travel soccer."}, {"start": "00:16:01", "end": "00:16:04", "text": "What could that pop? Where where's that"}, {"start": "00:16:02", "end": "00:16:04", "text": "money going? Where's that money going?"}, {"start": "00:16:04", "end": "00:16:08", "text": "You need"}, {"start": "00:16:04", "end": "00:16:09", "text": ">> No, you need orange slices that"}, {"start": "00:16:08", "end": "00:16:11", "text": ">> and you know Yeah. If you if if that"}, {"start": "00:16:09", "end": "00:16:12", "text": "came with like cleats and everything you"}, {"start": "00:16:11", "end": "00:16:14", "text": "need, but I don't think it does. I think"}, {"start": "00:16:12", "end": "00:16:16", "text": "it comes with a ticket to play at your"}, {"start": "00:16:14", "end": "00:16:18", "text": "crappy field. And I just put two grand"}, {"start": "00:16:16", "end": "00:16:19", "text": "in my pocket because why? Cuz people"}, {"start": "00:16:18", "end": "00:16:21", "text": "will pay."}, {"start": "00:16:19", "end": "00:16:23", "text": ">> Yeah. You know, I I I have a dream of"}, {"start": "00:16:21", "end": "00:16:25", "text": "like starting my own little league"}, {"start": "00:16:23", "end": "00:16:28", "text": "league and like the first rule is going"}, {"start": "00:16:25", "end": "00:16:30", "text": "to be no bat can be over $99. If I see"}, {"start": "00:16:28", "end": "00:16:33", "text": "the bat, it's there are $500 bats for"}, {"start": "00:16:30", "end": "00:16:35", "text": "kids who are seven years old and are"}, {"start": "00:16:33", "end": "00:16:36", "text": "like holding the bat. They don't even"}, {"start": "00:16:35", "end": "00:16:37", "text": "know how to hold it."}, {"start": "00:16:36", "end": "00:16:39", "text": ">> $500."}, {"start": "00:16:37", "end": "00:16:41", "text": ">> Yes. Like the the the big bat will be"}, {"start": "00:16:39", "end": "00:16:46", "text": "like $499."}, {"start": "00:16:41", "end": "00:16:47", "text": "And so so no no bats uh and no other"}, {"start": "00:16:46", "end": "00:16:49", "text": "equipment. You can't have a sliding"}, {"start": "00:16:47", "end": "00:16:51", "text": "mitt. You can't wear jewelry. You can't"}, {"start": "00:16:49", "end": "00:16:53", "text": "just show up. I used to have like a hunk"}, {"start": "00:16:51", "end": "00:16:54", "text": "of metal and like you know a helmet that"}, {"start": "00:16:53", "end": "00:16:56", "text": "probably wouldn't have even worked if I"}, {"start": "00:16:54", "end": "00:16:58", "text": "got hit in the head. And that was it."}, {"start": "00:16:56", "end": "00:16:59", "text": "Like that's how we played. So yeah, it's"}, {"start": "00:16:58", "end": "00:17:01", "text": "gotten absolutely out."}, {"start": "00:16:59", "end": "00:17:02", "text": ">> You know what uh store we all probably"}, {"start": "00:17:01", "end": "00:17:04", "text": "grew up on that uh I don't even know if"}, {"start": "00:17:02", "end": "00:17:06", "text": "it exists anymore, but like young kids"}, {"start": "00:17:04", "end": "00:17:06", "text": "probably have no clue about is Play It"}, {"start": "00:17:06", "end": "00:17:07", "text": "Against Sports."}, {"start": "00:17:06", "end": "00:17:08", "text": ">> Oh my god."}, {"start": "00:17:07", "end": "00:17:09", "text": ">> Used to go in there."}, {"start": "00:17:08", "end": "00:17:10", "text": ">> That just trigger I didn't know what you"}, {"start": "00:17:09", "end": "00:17:11", "text": "were going to say there. played against"}, {"start": "00:17:10", "end": "00:17:12", "text": "sports,"}, {"start": "00:17:11", "end": "00:17:13", "text": ">> right? And it was just like, yes, you'd"}, {"start": "00:17:12", "end": "00:17:15", "text": "go and you would buy something that"}, {"start": "00:17:13", "end": "00:17:17", "text": "somebody else had already used. And it"}, {"start": "00:17:15", "end": "00:17:18", "text": "was awesome because your parents would"}, {"start": "00:17:17", "end": "00:17:21", "text": "let you get extra [�__�] cuz it was"}, {"start": "00:17:18", "end": "00:17:22", "text": "cheaper than if you went to, you know,"}, {"start": "00:17:21", "end": "00:17:24", "text": "I can't remember the name, but one of"}, {"start": "00:17:22", "end": "00:17:25", "text": "the one of the other baseball dads once"}, {"start": "00:17:24", "end": "00:17:26", "text": "was like, \"Don't spend the 500 bucks."}, {"start": "00:17:25", "end": "00:17:28", "text": "You can get it for like a hundred over"}, {"start": "00:17:26", "end": "00:17:29", "text": "here, a little bit used.\" So, there is"}, {"start": "00:17:28", "end": "00:17:31", "text": "some app that I think is pretty"}, {"start": "00:17:29", "end": "00:17:33", "text": "successful, but"}, {"start": "00:17:31", "end": "00:17:35", "text": "it's just like the whole world is just"}, {"start": "00:17:33", "end": "00:17:37", "text": "if I can make money off of you, I will."}, {"start": "00:17:35", "end": "00:17:38", "text": "And I think there used to be a little,"}, {"start": "00:17:37", "end": "00:17:40", "text": "it's always that way, especially in"}, {"start": "00:17:38", "end": "00:17:41", "text": "capitalism in America. But I feel like"}, {"start": "00:17:40", "end": "00:17:43", "text": "there used to be some discretion."}, {"start": "00:17:41", "end": "00:17:44", "text": ">> The other thing about youth sports that"}, {"start": "00:17:43", "end": "00:17:46", "text": "I think is going to be fascinating is uh"}, {"start": "00:17:44", "end": "00:17:49", "text": "have you seen these apps where they're"}, {"start": "00:17:46", "end": "00:17:50", "text": "using AI to like track the kids on the"}, {"start": "00:17:49", "end": "00:17:52", "text": "field yet. Wow."}, {"start": "00:17:50", "end": "00:17:53", "text": ">> So like what they'll do, so like let's"}, {"start": "00:17:52", "end": "00:17:55", "text": "say you're a college football, you know,"}, {"start": "00:17:53", "end": "00:17:56", "text": "coach, you're watching game tape of your"}, {"start": "00:17:55", "end": "00:17:58", "text": "own players, right? What they're"}, {"start": "00:17:56", "end": "00:17:59", "text": "starting to do now is they'll say like,"}, {"start": "00:17:58", "end": "00:18:01", "text": "okay, almost like a video game. You get"}, {"start": "00:17:59", "end": "00:18:03", "text": "the circle around the like the the feet"}, {"start": "00:18:01", "end": "00:18:04", "text": "of the video game player"}, {"start": "00:18:03", "end": "00:18:06", "text": ">> and it'll like follow, right?"}, {"start": "00:18:04", "end": "00:18:07", "text": ">> But now it's coming into youth sport."}, {"start": "00:18:06", "end": "00:18:09", "text": "So, I've seen multiple people that have"}, {"start": "00:18:07", "end": "00:18:12", "text": "young kids who are posting on Instagram"}, {"start": "00:18:09", "end": "00:18:13", "text": "and they're like, \"Here's my kid like"}, {"start": "00:18:12", "end": "00:18:15", "text": "playing soccer or playing football or"}, {"start": "00:18:13", "end": "00:18:17", "text": "whatever and it's following where they"}, {"start": "00:18:15", "end": "00:18:18", "text": "are.\" So, one, it does help visually to"}, {"start": "00:18:17", "end": "00:18:20", "text": "see where they are."}, {"start": "00:18:18", "end": "00:18:21", "text": ">> But it's also measuring like how fast"}, {"start": "00:18:20", "end": "00:18:22", "text": "they're running or you know what I mean?"}, {"start": "00:18:21", "end": "00:18:25", "text": ">> What was my kid's top speed of the game?"}, {"start": "00:18:22", "end": "00:18:26", "text": ">> Well, like uh okay, I remember going to"}, {"start": "00:18:25", "end": "00:18:28", "text": "college. I play football in college and"}, {"start": "00:18:26", "end": "00:18:30", "text": "I remember the coach used to say they"}, {"start": "00:18:28", "end": "00:18:32", "text": "would measure how many steps for every"}, {"start": "00:18:30", "end": "00:18:34", "text": "five yards. If you took two steps in the"}, {"start": "00:18:32", "end": "00:18:37", "text": "5 yards, that meant you ran at least a"}, {"start": "00:18:34", "end": "00:18:39", "text": "46 46 or faster."}, {"start": "00:18:37", "end": "00:18:41", "text": ">> We'll just extrapolate that. Yeah. Yeah."}, {"start": "00:18:39", "end": "00:18:42", "text": "Yeah. I have no clue if that's actually"}, {"start": "00:18:41", "end": "00:18:44", "text": "true or not, but that's what they used"}, {"start": "00:18:42", "end": "00:18:45", "text": "to say. So like now they have like"}, {"start": "00:18:44", "end": "00:18:46", "text": "technology,"}, {"start": "00:18:45", "end": "00:18:48", "text": ">> but at least that's college. We're"}, {"start": "00:18:46", "end": "00:18:49", "text": "talking you're tracking your like"}, {"start": "00:18:48", "end": "00:18:50", "text": "seven-year-old running on the soccer"}, {"start": "00:18:49", "end": "00:18:51", "text": "field. Like"}, {"start": "00:18:50", "end": "00:18:53", "text": ">> dude, top speed. Top speed."}, {"start": "00:18:51", "end": "00:18:56", "text": ">> I mean, it is a weird thing cuz I I fall"}, {"start": "00:18:53", "end": "00:18:58", "text": "I fall victim to it also. It's like if"}, {"start": "00:18:56", "end": "00:19:01", "text": "my kid hits a home run or does something"}, {"start": "00:18:58", "end": "00:19:03", "text": "cool or my girl's on stage dancing solo,"}, {"start": "00:19:01", "end": "00:19:05", "text": "like I want to film that and I and and"}, {"start": "00:19:03", "end": "00:19:07", "text": "we use social media to like show our"}, {"start": "00:19:05", "end": "00:19:08", "text": "lives, but inherently it's also like who"}, {"start": "00:19:07", "end": "00:19:09", "text": "gives a [�__�] about your kid, dude? Like"}, {"start": "00:19:08", "end": "00:19:10", "text": "I don't want to watch that. You know,"}, {"start": "00:19:09", "end": "00:19:12", "text": ">> you you know, one of the things about"}, {"start": "00:19:10", "end": "00:19:14", "text": "the surveillance though that has uh I"}, {"start": "00:19:12", "end": "00:19:18", "text": "think been uh put some people's uh brain"}, {"start": "00:19:14", "end": "00:19:18", "text": "in a blender is take like uh cop body"}, {"start": "00:19:18", "end": "00:19:21", "text": "cams."}, {"start": "00:19:18", "end": "00:19:24", "text": ">> Mhm. So, if I remember correctly, the"}, {"start": "00:19:21", "end": "00:19:26", "text": "body cams were actually instituted"}, {"start": "00:19:24", "end": "00:19:28", "text": "because it was like the cops are beating"}, {"start": "00:19:26", "end": "00:19:31", "text": "people up, the cops are planting things."}, {"start": "00:19:28", "end": "00:19:32", "text": "The cops are XYZ thing, the cops are bad"}, {"start": "00:19:31", "end": "00:19:35", "text": "and and this."}, {"start": "00:19:32", "end": "00:19:36", "text": ">> I think that the body cams have done"}, {"start": "00:19:35", "end": "00:19:37", "text": "more to help the cops."}, {"start": "00:19:36", "end": "00:19:39", "text": ">> A lot of people are like, well, that guy"}, {"start": "00:19:37", "end": "00:19:40", "text": "was being an [�__�] Like, that guy was"}, {"start": "00:19:39", "end": "00:19:41", "text": "violent or dangerous or whatever."}, {"start": "00:19:40", "end": "00:19:43", "text": ">> Just like what you're saying is not"}, {"start": "00:19:41", "end": "00:19:44", "text": "true. The cop did not plant that. Like,"}, {"start": "00:19:43", "end": "00:19:45", "text": "the cop opened your bag and you had"}, {"start": "00:19:44", "end": "00:19:47", "text": "drugs."}, {"start": "00:19:45", "end": "00:19:50", "text": ">> It's true, man. I mean, it can help."}, {"start": "00:19:47", "end": "00:19:52", "text": "It's like if you are a good cop, yeah,"}, {"start": "00:19:50", "end": "00:19:53", "text": "you should you should want the body cam."}, {"start": "00:19:52", "end": "00:19:54", "text": "Not only cuz you're not doing anything"}, {"start": "00:19:53", "end": "00:19:56", "text": "wrong, but you're going to prove and"}, {"start": "00:19:54", "end": "00:19:57", "text": "you're going to show sometimes I see"}, {"start": "00:19:56", "end": "00:19:59", "text": "those and I I I have more respect for"}, {"start": "00:19:57", "end": "00:20:00", "text": "I'm like, damn, like that was that was"}, {"start": "00:19:59", "end": "00:20:02", "text": "confrontational. That was dangerous."}, {"start": "00:20:00", "end": "00:20:03", "text": "That was probably scary and it was just"}, {"start": "00:20:02", "end": "00:20:05", "text": "like a traffic stop and it wasn't"}, {"start": "00:20:03", "end": "00:20:06", "text": "anything crazy. But yeah, there are"}, {"start": "00:20:05", "end": "00:20:08", "text": "definitely times I see that footage and"}, {"start": "00:20:06", "end": "00:20:09", "text": "it makes me it's probably having the"}, {"start": "00:20:08", "end": "00:20:10", "text": "opposite effect of what the people who"}, {"start": "00:20:09", "end": "00:20:13", "text": "posted think it's going to be."}, {"start": "00:20:10", "end": "00:20:16", "text": ">> Did you see the uh cop who shot the guy"}, {"start": "00:20:13", "end": "00:20:17", "text": "with the uh sword in the subway a couple"}, {"start": "00:20:16", "end": "00:20:19", "text": "weeks ago?"}, {"start": "00:20:17", "end": "00:20:20", "text": "Oh, dude. This this like this one really"}, {"start": "00:20:19", "end": "00:20:22", "text": "was crazy."}, {"start": "00:20:20", "end": "00:20:24", "text": ">> Not the most like New York. So,"}, {"start": "00:20:22", "end": "00:20:25", "text": ">> the guy with the sword in the subway, he"}, {"start": "00:20:24", "end": "00:20:26", "text": "got shot by the cop."}, {"start": "00:20:25", "end": "00:20:28", "text": ">> So, like I think what happened is this"}, {"start": "00:20:26", "end": "00:20:30", "text": "guy, he had like slashed two people or"}, {"start": "00:20:28", "end": "00:20:32", "text": "something and so he's in the subway."}, {"start": "00:20:30", "end": "00:20:34", "text": "It's at Grand Central and uh the body"}, {"start": "00:20:32", "end": "00:20:36", "text": "cam footage I saw is the cops got his"}, {"start": "00:20:34", "end": "00:20:37", "text": "gun out and he's basically like, \"Put"}, {"start": "00:20:36", "end": "00:20:38", "text": "the sword down, man. Put the sword"}, {"start": "00:20:37", "end": "00:20:39", "text": "down.\" You know, he's like obviously"}, {"start": "00:20:38", "end": "00:20:42", "text": "like it's getting like more and more"}, {"start": "00:20:39", "end": "00:20:43", "text": "ratcheted up and there's like people in"}, {"start": "00:20:42", "end": "00:20:45", "text": "the background who are like, \"Oh [�__�]"}, {"start": "00:20:43", "end": "00:20:46", "text": "there's a cop with a gun and a guy with"}, {"start": "00:20:45", "end": "00:20:46", "text": "a sword. like I'm getting out of here,"}, {"start": "00:20:46", "end": "00:20:48", "text": "right?"}, {"start": "00:20:46", "end": "00:20:50", "text": ">> And the cop is like, \"Come on, man. Put"}, {"start": "00:20:48", "end": "00:20:51", "text": "the gun or put the sword down. Put the"}, {"start": "00:20:50", "end": "00:20:53", "text": "sword down.\" And at some point, he says"}, {"start": "00:20:51", "end": "00:20:55", "text": "something to the effect of, \"Put the"}, {"start": "00:20:53", "end": "00:20:56", "text": "sword down. I don't want to shoot you. I"}, {"start": "00:20:55", "end": "00:20:58", "text": "don't want to.\" Like, and you can just"}, {"start": "00:20:56", "end": "00:20:58", "text": "tell he is in his brain preparing"}, {"start": "00:20:58", "end": "00:21:00", "text": "himself."}, {"start": "00:20:58", "end": "00:21:02", "text": ">> You're going to have to shoot this guy."}, {"start": "00:21:00", "end": "00:21:03", "text": ">> Yes. And and the guy and he's walking"}, {"start": "00:21:02", "end": "00:21:04", "text": "towards him with the sword and he's, by"}, {"start": "00:21:03", "end": "00:21:06", "text": "the way, he's yelling like, \"Shoot me.\""}, {"start": "00:21:04", "end": "00:21:09", "text": "Or, you know, whatever, right? And he's"}, {"start": "00:21:06", "end": "00:21:10", "text": "like essentially begging the guy, \"Don't"}, {"start": "00:21:09", "end": "00:21:12", "text": "make me shoot you. I do not I did not"}, {"start": "00:21:10", "end": "00:21:13", "text": "come to work today with like, let's go"}, {"start": "00:21:12", "end": "00:21:14", "text": "shoot somebody, right?\""}, {"start": "00:21:13", "end": "00:21:16", "text": ">> But you're like, \"I don't know, man. And"}, {"start": "00:21:14", "end": "00:21:18", "text": "that guy's got a sword who, if I"}, {"start": "00:21:16", "end": "00:21:20", "text": "remember correctly, he's already slashed"}, {"start": "00:21:18", "end": "00:21:20", "text": "two people and he is moving towards you."}, {"start": "00:21:20", "end": "00:21:24", "text": "Like,"}, {"start": "00:21:20", "end": "00:21:25", "text": ">> what else are you supposed"}, {"start": "00:21:24", "end": "00:21:25", "text": "to disarm him,"}, {"start": "00:21:25", "end": "00:21:27", "text": ">> right?"}, {"start": "00:21:25", "end": "00:21:28", "text": ">> Right. And so you're like, watch this."}, {"start": "00:21:27", "end": "00:21:29", "text": "And again, people will be like, \"Oh, you"}, {"start": "00:21:28", "end": "00:21:30", "text": "should have shot him in the leg or this"}, {"start": "00:21:29", "end": "00:21:32", "text": "or whatever nonsense.\""}, {"start": "00:21:30", "end": "00:21:33", "text": ">> But I I I feel like they always say like"}, {"start": "00:21:32", "end": "00:21:34", "text": "if you're going to shoot, if you're"}, {"start": "00:21:33", "end": "00:21:36", "text": "going to fire it, like you got to make"}, {"start": "00:21:34", "end": "00:21:38", "text": "it count. So, and it's like we don't"}, {"start": "00:21:36", "end": "00:21:39", "text": "know. Well, you know, people have all"}, {"start": "00:21:38", "end": "00:21:40", "text": "the details of engagement for when"}, {"start": "00:21:39", "end": "00:21:42", "text": "you're in, you know,"}, {"start": "00:21:40", "end": "00:21:45", "text": ">> all I know is that when you I watched"}, {"start": "00:21:42", "end": "00:21:47", "text": "it, my personal reaction was this cop."}, {"start": "00:21:45", "end": "00:21:50", "text": ">> Everything he did was against his own"}, {"start": "00:21:47", "end": "00:21:53", "text": "like what he wanted to do, right? But"}, {"start": "00:21:50", "end": "00:21:55", "text": "that body cam, it made me feel sorry for"}, {"start": "00:21:53", "end": "00:21:57", "text": "the police officer who was like, \"This"}, {"start": "00:21:55", "end": "00:21:58", "text": "is my job. I'm here.\" Like, think it's"}, {"start": "00:21:57", "end": "00:21:59", "text": "me as the police officer with training"}, {"start": "00:21:58", "end": "00:22:01", "text": "and and all this stuff than like some"}, {"start": "00:21:59", "end": "00:22:03", "text": "random dude who's got to like disarm a"}, {"start": "00:22:01", "end": "00:22:06", "text": "guy with a sword, right? But also you're"}, {"start": "00:22:03", "end": "00:22:07", "text": "like what do you you know what would you"}, {"start": "00:22:06", "end": "00:22:09", "text": "do in that situation and so like the"}, {"start": "00:22:07", "end": "00:22:11", "text": "technology in a weird way it actually"}, {"start": "00:22:09", "end": "00:22:13", "text": "like gave tons of context to would have"}, {"start": "00:22:11", "end": "00:22:14", "text": "other just been a headline like cop"}, {"start": "00:22:13", "end": "00:22:16", "text": "shoot guy"}, {"start": "00:22:14", "end": "00:22:18", "text": ">> with she she said like you'd have no"}, {"start": "00:22:16", "end": "00:22:20", "text": "idea. Yeah. I mean I I always think"}, {"start": "00:22:18", "end": "00:22:22", "text": "about like the the one bad apple type"}, {"start": "00:22:20", "end": "00:22:23", "text": "argument but it's like yeah the vast"}, {"start": "00:22:22", "end": "00:22:26", "text": "majority of these guys are going to work"}, {"start": "00:22:23", "end": "00:22:26", "text": "like thinking uh you know I might pull"}, {"start": "00:22:26", "end": "00:22:28", "text": "somebody over for a ticket and all of a"}, {"start": "00:22:26", "end": "00:22:31", "text": "sudden you're involved in in a subway"}, {"start": "00:22:28", "end": "00:22:33", "text": "sword fight."}, {"start": "00:22:31", "end": "00:22:35", "text": "What? But that's also why I would just"}, {"start": "00:22:33", "end": "00:22:36", "text": "never be a cop. It's a crazy job. We'll"}, {"start": "00:22:35", "end": "00:22:37", "text": "fix that."}, {"start": "00:22:36", "end": "00:22:39", "text": ">> And uh and the other thing is, do you"}, {"start": "00:22:37", "end": "00:22:41", "text": "know when you turn on the body cams that"}, {"start": "00:22:39", "end": "00:22:44", "text": "it goes back like 30 or 60 seconds?"}, {"start": "00:22:41", "end": "00:22:45", "text": ">> So if you're a cop and let's say uh"}, {"start": "00:22:44", "end": "00:22:47", "text": "because you can turn them on, right? But"}, {"start": "00:22:45", "end": "00:22:48", "text": "it's always like kind of recording, I"}, {"start": "00:22:47", "end": "00:22:49", "text": "believe. And so when you hit"}, {"start": "00:22:48", "end": "00:22:51", "text": ">> off, it's capturing,"}, {"start": "00:22:49", "end": "00:22:52", "text": ">> but I guess it's like autodeing or"}, {"start": "00:22:51", "end": "00:22:54", "text": "something, right? But like let's say"}, {"start": "00:22:52", "end": "00:22:55", "text": "that uh you come up on a scene, so you"}, {"start": "00:22:54", "end": "00:22:56", "text": "hit it and I think you're supposed to"}, {"start": "00:22:55", "end": "00:22:58", "text": "like hit it when you get out of the car."}, {"start": "00:22:56", "end": "00:23:01", "text": "There's like all these rules now,"}, {"start": "00:22:58", "end": "00:23:02", "text": ">> but it goes back 60 seconds and it"}, {"start": "00:23:01", "end": "00:23:04", "text": "starts the like saving the recording"}, {"start": "00:23:02", "end": "00:23:09", "text": "from that. So, I saw one time a video of"}, {"start": "00:23:04", "end": "00:23:11", "text": "a guy who 100% planted drugs like threw"}, {"start": "00:23:09", "end": "00:23:12", "text": "it in the grass and then picked up was"}, {"start": "00:23:11", "end": "00:23:15", "text": "like, I found it"}, {"start": "00:23:12", "end": "00:23:17", "text": ">> and then turned it on and I caught that."}, {"start": "00:23:15", "end": "00:23:20", "text": ">> But then it was like, no, dude. Like,"}, {"start": "00:23:17", "end": "00:23:22", "text": "you forgot that it has a 60-second delay"}, {"start": "00:23:20", "end": "00:23:24", "text": "or whatever. And they're like, uh,"}, {"start": "00:23:22", "end": "00:23:25", "text": "you're going to get in trouble for this."}, {"start": "00:23:24", "end": "00:23:28", "text": "But again, it goes back to like having"}, {"start": "00:23:25", "end": "00:23:29", "text": "the body cam was actually a positive"}, {"start": "00:23:28", "end": "00:23:30", "text": "thing for this guy who was like, \"No,"}, {"start": "00:23:29", "end": "00:23:32", "text": "dude. He planted the drugs.\""}, {"start": "00:23:30", "end": "00:23:34", "text": ">> Yeah. I mean, that that I feel like body"}, {"start": "00:23:32", "end": "00:23:35", "text": "cam should just be on. Why is he even an"}, {"start": "00:23:34", "end": "00:23:37", "text": "on and off option?"}, {"start": "00:23:35", "end": "00:23:38", "text": ">> I don't know. I guess the only time"}, {"start": "00:23:37", "end": "00:23:40", "text": "you're turning it off and I Yeah, I"}, {"start": "00:23:38", "end": "00:23:42", "text": "guess there are some practical, but like"}, {"start": "00:23:40", "end": "00:23:43", "text": "if you were turning it on and off,"}, {"start": "00:23:42", "end": "00:23:44", "text": "there's probably a reason why you don't"}, {"start": "00:23:43", "end": "00:23:45", "text": "want it to be on."}, {"start": "00:23:44", "end": "00:23:46", "text": ">> How many How many times is like, \"Ah, my"}, {"start": "00:23:45", "end": "00:23:48", "text": "battery was dead.\""}, {"start": "00:23:46", "end": "00:23:49", "text": ">> I'm sure he dog ate my homework."}, {"start": "00:23:48", "end": "00:23:51", "text": ">> Right. Right. Right."}, {"start": "00:23:49", "end": "00:23:53", "text": ">> Today's episode is brought to you by Tik"}, {"start": "00:23:51", "end": "00:23:54", "text": "Tok for business. If you run a company,"}, {"start": "00:23:53", "end": "00:23:57", "text": "you are probably already spending a"}, {"start": "00:23:54", "end": "00:23:58", "text": "bunch of money on ads. Search X, maybe"}, {"start": "00:23:57", "end": "00:24:00", "text": "Meta. But there's a platform your"}, {"start": "00:23:58", "end": "00:24:03", "text": "competitors are sleeping on, and the"}, {"start": "00:24:00", "end": "00:24:05", "text": "window to move first is closing. Tik Tok"}, {"start": "00:24:03", "end": "00:24:08", "text": "has over 200 million monthly active"}, {"start": "00:24:05", "end": "00:24:10", "text": "users in the US alone. And 51% of that"}, {"start": "00:24:08", "end": "00:24:11", "text": "reach is unique, meaning that those"}, {"start": "00:24:10", "end": "00:24:14", "text": "users aren't reachable on any other"}, {"start": "00:24:11", "end": "00:24:16", "text": "major platform where you are already"}, {"start": "00:24:14", "end": "00:24:18", "text": "buying. Unlike follower-based platforms,"}, {"start": "00:24:16", "end": "00:24:20", "text": "Tik Tok's algorithm rewards strong"}, {"start": "00:24:18", "end": "00:24:21", "text": "creative, not audience size. That means"}, {"start": "00:24:20", "end": "00:24:23", "text": "a well-made video from a brand no one's"}, {"start": "00:24:21", "end": "00:24:25", "text": "heard of can reach millions of relevant"}, {"start": "00:24:23", "end": "00:24:27", "text": "users. For companies trying to acquire"}, {"start": "00:24:25", "end": "00:24:29", "text": "users cost effectively, that's a"}, {"start": "00:24:27", "end": "00:24:32", "text": "fundamentally different model. Tik Tok"}, {"start": "00:24:29", "end": "00:24:33", "text": "for business gives you fullfunnel tools"}, {"start": "00:24:32", "end": "00:24:35", "text": "built for performance. Whether you're"}, {"start": "00:24:33", "end": "00:24:37", "text": "looking to drive awareness, introduce"}, {"start": "00:24:35", "end": "00:24:38", "text": "your products, or convert new audiences,"}, {"start": "00:24:37", "end": "00:24:41", "text": "Tik Tok is becoming an important"}, {"start": "00:24:38", "end": "00:24:43", "text": "discovery engine for businesses and"}, {"start": "00:24:41", "end": "00:24:45", "text": "cryptocurrency alike. If you're a"}, {"start": "00:24:43", "end": "00:24:47", "text": "founder, a CMO, or growth lead and you"}, {"start": "00:24:45", "end": "00:24:50", "text": "haven't run a Tik Tok campaign yet,"}, {"start": "00:24:47", "end": "00:24:51", "text": "now's the time to change that. Click on"}, {"start": "00:24:50", "end": "00:24:54", "text": "the link in the description or go to"}, {"start": "00:24:51", "end": "00:24:56", "text": "anthony pomple.splash"}, {"start": "00:24:54", "end": "00:24:58", "text": "that.com. Again, click on the link in"}, {"start": "00:24:56", "end": "00:25:00", "text": "the description and go check out Tik Tok"}, {"start": "00:24:58", "end": "00:25:02", "text": "forbus today. All right, let's talk"}, {"start": "00:25:00", "end": "00:25:04", "text": "about uh affordability. I feel like this"}, {"start": "00:25:02", "end": "00:25:05", "text": "is something that uh people on Wall"}, {"start": "00:25:04", "end": "00:25:08", "text": "Street, etc., like they're now just"}, {"start": "00:25:05", "end": "00:25:10", "text": "like, \"Oh, things are unaffordable.\""}, {"start": "00:25:08", "end": "00:25:12", "text": ">> What? Who's says who? uh says the"}, {"start": "00:25:10", "end": "00:25:13", "text": "wholeing world, man."}, {"start": "00:25:12", "end": "00:25:15", "text": ">> Yeah. So, like what what do you hear"}, {"start": "00:25:13", "end": "00:25:17", "text": "from people like uh in their everyday"}, {"start": "00:25:15", "end": "00:25:18", "text": "lives about just inflation,"}, {"start": "00:25:17", "end": "00:25:21", "text": "affordability, gas, groceries?"}, {"start": "00:25:18", "end": "00:25:22", "text": ">> I think the main uh I guess not more,"}, {"start": "00:25:21", "end": "00:25:24", "text": "it's not as much day-to-day like gas and"}, {"start": "00:25:22", "end": "00:25:26", "text": "groceries, which are just like a pain in"}, {"start": "00:25:24", "end": "00:25:28", "text": "the ass and through the roof, but my"}, {"start": "00:25:26", "end": "00:25:30", "text": "generation was so obsessed with the idea"}, {"start": "00:25:28", "end": "00:25:33", "text": "of or were told to be obsessed with the"}, {"start": "00:25:30", "end": "00:25:35", "text": "idea of owning a home. And I just I mean"}, {"start": "00:25:33", "end": "00:25:37", "text": "I'm very lucky to be in the position I"}, {"start": "00:25:35", "end": "00:25:38", "text": "was where I could if I didn't get if I"}, {"start": "00:25:37", "end": "00:25:41", "text": "didn't work at bar stool and I just kind"}, {"start": "00:25:38", "end": "00:25:42", "text": "of continued as an accountant. Like I"}, {"start": "00:25:41", "end": "00:25:43", "text": "probably would have been able to afford"}, {"start": "00:25:42", "end": "00:25:45", "text": "one but not great and it probably would"}, {"start": "00:25:43", "end": "00:25:48", "text": "have wiped me out and it would have been"}, {"start": "00:25:45", "end": "00:25:52", "text": "you know and it's like when you just see"}, {"start": "00:25:48", "end": "00:25:54", "text": "how much housing's gone up and how much"}, {"start": "00:25:52", "end": "00:25:55", "text": "salaries have gone up there. I mean"}, {"start": "00:25:54", "end": "00:25:56", "text": "that's it. There's you know what I mean?"}, {"start": "00:25:55", "end": "00:25:58", "text": "It used to be somewhat comparable. It's"}, {"start": "00:25:56", "end": "00:26:00", "text": "like I remember you know my I think my"}, {"start": "00:25:58", "end": "00:26:02", "text": "dad was making like 90 grand in like the"}, {"start": "00:26:00", "end": "00:26:05", "text": "early 90s. My mom I don't think was"}, {"start": "00:26:02", "end": "00:26:07", "text": "working. That was enough. We like family"}, {"start": "00:26:05", "end": "00:26:12", "text": "of four or five of us buy a house, have"}, {"start": "00:26:07", "end": "00:26:13", "text": "a backyard, a pool now, you know."}, {"start": "00:26:12", "end": "00:26:15", "text": "And I guess, you know, living in New"}, {"start": "00:26:13", "end": "00:26:18", "text": "York is pretty extreme. But I just don't"}, {"start": "00:26:15", "end": "00:26:20", "text": "get how anybody could do it. And I I I"}, {"start": "00:26:18", "end": "00:26:21", "text": "think I would have just abandoned the"}, {"start": "00:26:20", "end": "00:26:23", "text": "idea of being a homeowner if I if I"}, {"start": "00:26:21", "end": "00:26:24", "text": "didn't have the job I had and the and I"}, {"start": "00:26:23", "end": "00:26:25", "text": "wasn't lucky the way I was. I think I"}, {"start": "00:26:24", "end": "00:26:27", "text": "would just rent. Like this is not a"}, {"start": "00:26:25", "end": "00:26:30", "text": "possibility. One of the things I find"}, {"start": "00:26:27", "end": "00:26:32", "text": "interesting is if you do the math, it's"}, {"start": "00:26:30", "end": "00:26:34", "text": "not clear that always buying the home is"}, {"start": "00:26:32", "end": "00:26:36", "text": "the right financial decision. And that's"}, {"start": "00:26:34", "end": "00:26:38", "text": "what that was what beaten into us. Yes."}, {"start": "00:26:36", "end": "00:26:39", "text": "In my generation of just like renting is"}, {"start": "00:26:38", "end": "00:26:41", "text": "stupid. You don't own anything at the"}, {"start": "00:26:39", "end": "00:26:42", "text": "end of the day. You're flushing your"}, {"start": "00:26:41", "end": "00:26:44", "text": "money down the toilet. And I really did"}, {"start": "00:26:42", "end": "00:26:45", "text": "think that. And now I'm like, yeah, wait"}, {"start": "00:26:44", "end": "00:26:48", "text": "a minute. Wouldn't it kind of just be"}, {"start": "00:26:45", "end": "00:26:50", "text": "like a mortgage versus rent and you have"}, {"start": "00:26:48", "end": "00:26:53", "text": "a super and uh someone to take care of"}, {"start": "00:26:50", "end": "00:26:54", "text": "everything? And you know, like when I"}, {"start": "00:26:53", "end": "00:26:55", "text": "first"}, {"start": "00:26:54", "end": "00:26:57", "text": ">> maybe I don't want to own anything."}, {"start": "00:26:55", "end": "00:26:59", "text": ">> Honestly, owning [�__�] is just more my"}, {"start": "00:26:57", "end": "00:27:00", "text": "whole life is just like I just don't"}, {"start": "00:26:59", "end": "00:27:02", "text": "want responsibility. And then I went and"}, {"start": "00:27:00", "end": "00:27:04", "text": "got kids and a house and it's like all I"}, {"start": "00:27:02", "end": "00:27:06", "text": "have is responsibility now. But you"}, {"start": "00:27:04", "end": "00:27:07", "text": "know, like the first time I I owned a"}, {"start": "00:27:06", "end": "00:27:09", "text": "house, everyone was saying it's going to"}, {"start": "00:27:07", "end": "00:27:10", "text": "cost a lot to maintain that. And I'm"}, {"start": "00:27:09", "end": "00:27:12", "text": "thinking like I'll figure out how to do"}, {"start": "00:27:10", "end": "00:27:14", "text": "the landscaping, whatever. You know, and"}, {"start": "00:27:12", "end": "00:27:15", "text": "then a tree falls down and it's like"}, {"start": "00:27:14", "end": "00:27:17", "text": "that'll be $15,000 to get those two"}, {"start": "00:27:15", "end": "00:27:19", "text": "trees removed. Otherwise, the next one's"}, {"start": "00:27:17", "end": "00:27:22", "text": "going through your living room. So, I'm"}, {"start": "00:27:19", "end": "00:27:23", "text": "like, \"Oh, okay. There's $2,000 bill I"}, {"start": "00:27:22", "end": "00:27:26", "text": "didn't expect.\" And like, and this pops"}, {"start": "00:27:23", "end": "00:27:29", "text": "up and that pops up and it is,"}, {"start": "00:27:26", "end": "00:27:31", "text": "yeah, it it's it feels impossible,"}, {"start": "00:27:29", "end": "00:27:32", "text": "especially I'm in Westchester, New York."}, {"start": "00:27:31", "end": "00:27:34", "text": "I mean, trying to if you if you want a"}, {"start": "00:27:32", "end": "00:27:36", "text": "school if you want a house in a school"}, {"start": "00:27:34", "end": "00:27:39", "text": "district with a good school, you have to"}, {"start": "00:27:36", "end": "00:27:41", "text": "be rich. You have to be successful."}, {"start": "00:27:39", "end": "00:27:41", "text": ">> How how much do you think those houses"}, {"start": "00:27:41", "end": "00:27:44", "text": "are?"}, {"start": "00:27:41", "end": "00:27:45", "text": ">> Like I'm I'm in the Bronxville area and"}, {"start": "00:27:44", "end": "00:27:46", "text": "and that again that's extreme. That's"}, {"start": "00:27:45", "end": "00:27:47", "text": "like Roger Goodell lives there. I think"}, {"start": "00:27:46", "end": "00:27:50", "text": "it's like one of the most expensive"}, {"start": "00:27:47", "end": "00:27:52", "text": "neighborhoods. You and Roger are boys."}, {"start": "00:27:50", "end": "00:27:54", "text": ">> Uh, you know, in my never- ending battle"}, {"start": "00:27:52", "end": "00:27:56", "text": "with Dave, the the best thing I could do"}, {"start": "00:27:54", "end": "00:27:57", "text": "for content would be boys with Roger"}, {"start": "00:27:56", "end": "00:27:58", "text": "Goodell. Just like going out to dinner"}, {"start": "00:27:57", "end": "00:27:59", "text": "with them. Hey, Dave."}, {"start": "00:27:58", "end": "00:28:01", "text": ">> Uh, but I mean, you know, the taxes"}, {"start": "00:27:59", "end": "00:28:06", "text": "there are like 50 grand a year. And the"}, {"start": "00:28:01", "end": "00:28:08", "text": "houses are, you know, decent for like $2"}, {"start": "00:28:06", "end": "00:28:10", "text": "million. And it's like it's a home, but"}, {"start": "00:28:08", "end": "00:28:11", "text": "it is not, you know, a $2 million house."}, {"start": "00:28:10", "end": "00:28:11", "text": "When I was growing up, if you told me"}, {"start": "00:28:11", "end": "00:28:13", "text": "that your house was"}, {"start": "00:28:11", "end": "00:28:15", "text": ">> $2 million, you're you're Michael"}, {"start": "00:28:13", "end": "00:28:17", "text": "Jordan. You're a professional athlete."}, {"start": "00:28:15", "end": "00:28:18", "text": "Like, and yeah. So I I just"}, {"start": "00:28:17", "end": "00:28:18", "text": ">> You have a basketball court inside the"}, {"start": "00:28:18", "end": "00:28:21", "text": "house actually."}, {"start": "00:28:18", "end": "00:28:22", "text": ">> Yeah. Right. I I may and maybe again"}, {"start": "00:28:21", "end": "00:28:23", "text": "this is to go back to what I was saying"}, {"start": "00:28:22", "end": "00:28:25", "text": "earlier. There's going to be one"}, {"start": "00:28:23", "end": "00:28:28", "text": "generation in the transitional period"}, {"start": "00:28:25", "end": "00:28:29", "text": "that this like blows their mind. But you"}, {"start": "00:28:28", "end": "00:28:31", "text": "know the the even just the phrase like"}, {"start": "00:28:29", "end": "00:28:32", "text": "you're a millionaire"}, {"start": "00:28:31", "end": "00:28:34", "text": ">> that does not mean what what it used to"}, {"start": "00:28:32", "end": "00:28:36", "text": "mean. You can have a couple million"}, {"start": "00:28:34", "end": "00:28:39", "text": "bucks and depending on where you live"}, {"start": "00:28:36", "end": "00:28:40", "text": "and what your lifestyle is ain't going"}, {"start": "00:28:39", "end": "00:28:43", "text": "to get it done. Have you seen recently"}, {"start": "00:28:40", "end": "00:28:44", "text": "the uh the conversations online about uh"}, {"start": "00:28:43", "end": "00:28:45", "text": "there's people make a million dollars in"}, {"start": "00:28:44", "end": "00:28:47", "text": "New York City, but they're living"}, {"start": "00:28:45", "end": "00:28:48", "text": "paycheck to paycheck. And people outside"}, {"start": "00:28:47", "end": "00:28:51", "text": "New York, they're like, \"That's that's"}, {"start": "00:28:48", "end": "00:28:52", "text": "crazy. That's crazy.\" Whatever. And the"}, {"start": "00:28:51", "end": "00:28:53", "text": "breakdown that I saw was like, \"All"}, {"start": "00:28:52", "end": "00:28:55", "text": "right, so"}, {"start": "00:28:53", "end": "00:28:56", "text": ">> make a million dollars, half of it goes"}, {"start": "00:28:55", "end": "00:29:00", "text": "to the government right out of the Okay,"}, {"start": "00:28:56", "end": "00:29:01", "text": "so 500k still that is a ton of money,"}, {"start": "00:29:00", "end": "00:29:04", "text": ">> five times more than your dad was"}, {"start": "00:29:01", "end": "00:29:07", "text": "making, you know, as a um in the '9s,"}, {"start": "00:29:04", "end": "00:29:09", "text": "right? But then people start say, \"Okay,"}, {"start": "00:29:07", "end": "00:29:11", "text": "well, uh, I need a two-bedroom cuz I"}, {"start": "00:29:09", "end": "00:29:12", "text": "have three kids plus, you know, my"}, {"start": "00:29:11", "end": "00:29:15", "text": "wife.\" All right, that means that's"}, {"start": "00:29:12", "end": "00:29:18", "text": "going to be, uh, $9,000. Well, hold on."}, {"start": "00:29:15", "end": "00:29:19", "text": "That's 20%, you know, that's just for"}, {"start": "00:29:18", "end": "00:29:21", "text": "shelter."}, {"start": "00:29:19", "end": "00:29:23", "text": ">> Yeah. Okay. Then they're like, \"And then"}, {"start": "00:29:21", "end": "00:29:25", "text": "groceries and this and that andah, oh,"}, {"start": "00:29:23", "end": "00:29:26", "text": "by the way, I want my kid to go to a"}, {"start": "00:29:25", "end": "00:29:28", "text": "private school.\" Well, there's all the"}, {"start": "00:29:26", "end": "00:29:31", "text": "money. It's gone. Like,"}, {"start": "00:29:28", "end": "00:29:32", "text": ">> and and you know, I'm not I'm sure there"}, {"start": "00:29:31", "end": "00:29:33", "text": "are people out there way less fortunate"}, {"start": "00:29:32", "end": "00:29:35", "text": "who say, \"Well, that that's my dream."}, {"start": "00:29:33", "end": "00:29:37", "text": "And I would love that. I understand"}, {"start": "00:29:35", "end": "00:29:39", "text": "that. But for when you that used to be"}, {"start": "00:29:37", "end": "00:29:41", "text": "an amount of money that would get you"}, {"start": "00:29:39", "end": "00:29:44", "text": "your dream life and it is getting you a"}, {"start": "00:29:41", "end": "00:29:44", "text": "house and your kids school. That's it."}, {"start": "00:29:44", "end": "00:29:46", "text": "You know,"}, {"start": "00:29:44", "end": "00:29:47", "text": ">> and for context for people um I actually"}, {"start": "00:29:46", "end": "00:29:52", "text": "think that there's this very weird thing"}, {"start": "00:29:47", "end": "00:29:53", "text": "in New York where um you can get uh two"}, {"start": "00:29:52", "end": "00:29:54", "text": "good experiences. You can go to a"}, {"start": "00:29:53", "end": "00:29:55", "text": "private school and you can get a great"}, {"start": "00:29:54", "end": "00:29:56", "text": "experience or you can go to a public"}, {"start": "00:29:55", "end": "00:29:58", "text": "school and get a great experience as"}, {"start": "00:29:56", "end": "00:30:00", "text": "well. And I think that people who are"}, {"start": "00:29:58", "end": "00:30:02", "text": "like oh uh all public education is like"}, {"start": "00:30:00", "end": "00:30:03", "text": "horrible is they're dumb. And I think"}, {"start": "00:30:02", "end": "00:30:05", "text": "people who are like, \"Oh, private"}, {"start": "00:30:03", "end": "00:30:06", "text": "education is like elitist [�__�]"}, {"start": "00:30:05", "end": "00:30:07", "text": "whatever.\" Like they're dumb, too. So,"}, {"start": "00:30:06", "end": "00:30:10", "text": "it's like there's this like"}, {"start": "00:30:07", "end": "00:30:12", "text": "stratification, but the private schools"}, {"start": "00:30:10", "end": "00:30:15", "text": "in New York City to send your kid to I"}, {"start": "00:30:12", "end": "00:30:17", "text": "don't know, middle school, 70 grand."}, {"start": "00:30:15", "end": "00:30:20", "text": ">> Yeah. I mean, the Sunday numbers are"}, {"start": "00:30:17", "end": "00:30:22", "text": "absolutely nuts. When I started when my"}, {"start": "00:30:20", "end": "00:30:25", "text": "kids hit like I guess prek, like"}, {"start": "00:30:22", "end": "00:30:29", "text": "preschool, and I got an email saying"}, {"start": "00:30:25", "end": "00:30:30", "text": "tuition is due. And I was like, tuition?"}, {"start": "00:30:29", "end": "00:30:31", "text": "Can we can we at least just call it"}, {"start": "00:30:30", "end": "00:30:33", "text": "something different? Because I'm"}, {"start": "00:30:31", "end": "00:30:35", "text": "thinking tuition is college. I'm paying"}, {"start": "00:30:33", "end": "00:30:37", "text": "for college. Maybe a private high"}, {"start": "00:30:35", "end": "00:30:39", "text": "school. I'm paying tuition for a"}, {"start": "00:30:37", "end": "00:30:41", "text": "fouryear-old and it's thousands of"}, {"start": "00:30:39", "end": "00:30:43", "text": "dollars for you to paint macaroni things"}, {"start": "00:30:41", "end": "00:30:44", "text": "and like go to there for a couple hours."}, {"start": "00:30:43", "end": "00:30:47", "text": "You're a glorified babysitter. I'm"}, {"start": "00:30:44", "end": "00:30:48", "text": "paying you $5,000. And I mean,"}, {"start": "00:30:47", "end": "00:30:50", "text": "especially in New York, in Westchester,"}, {"start": "00:30:48", "end": "00:30:52", "text": "it is, you know, you're paying the taxes"}, {"start": "00:30:50", "end": "00:30:54", "text": "of a town with a good public school or"}, {"start": "00:30:52", "end": "00:30:56", "text": "you're paying the tuition of a private"}, {"start": "00:30:54", "end": "00:30:58", "text": "school. And it's, you know, kind of pick"}, {"start": "00:30:56", "end": "00:31:01", "text": "your poison. And I was kind of of the"}, {"start": "00:30:58", "end": "00:31:03", "text": "school of of of thought that uh in the"}, {"start": "00:31:01", "end": "00:31:04", "text": "Westchester area all these schools have,"}, {"start": "00:31:03", "end": "00:31:06", "text": "you know, this is a blue ribbon school."}, {"start": "00:31:04", "end": "00:31:08", "text": "This is rated nine out of 10. And I'm"}, {"start": "00:31:06", "end": "00:31:09", "text": "like, what are these? Cuz I grew up in"}, {"start": "00:31:08", "end": "00:31:11", "text": "this area. I I've been to all these"}, {"start": "00:31:09", "end": "00:31:13", "text": "schools. They all seem like pretty"}, {"start": "00:31:11", "end": "00:31:14", "text": "comparable. But then I start to learn"}, {"start": "00:31:13", "end": "00:31:16", "text": "like, well,"}, {"start": "00:31:14", "end": "00:31:17", "text": ">> Ivy League schools take a bigger"}, {"start": "00:31:16", "end": "00:31:19", "text": "percentage from these schools and not"}, {"start": "00:31:17", "end": "00:31:21", "text": "those schools. And it's like"}, {"start": "00:31:19", "end": "00:31:23", "text": ">> I I I always hate my main thing that I I"}, {"start": "00:31:21", "end": "00:31:24", "text": "hate is to like kind of give in to the"}, {"start": "00:31:23", "end": "00:31:26", "text": "rat race and some of the things that I'm"}, {"start": "00:31:24", "end": "00:31:28", "text": "like morally opposed to. But what am I"}, {"start": "00:31:26", "end": "00:31:29", "text": "going to do? like not give my kids a"}, {"start": "00:31:28", "end": "00:31:31", "text": "chance the the the best chance they can"}, {"start": "00:31:29", "end": "00:31:33", "text": "to live their life. So, you got to like"}, {"start": "00:31:31", "end": "00:31:35", "text": "play by those rules. But, man, some of"}, {"start": "00:31:33", "end": "00:31:38", "text": "them seem like these are just if not"}, {"start": "00:31:35", "end": "00:31:40", "text": "designed to, they inherently keep the"}, {"start": "00:31:38", "end": "00:31:42", "text": "little guy down or don't give anybody a"}, {"start": "00:31:40", "end": "00:31:43", "text": "shot unless you are like really"}, {"start": "00:31:42", "end": "00:31:45", "text": "successful."}, {"start": "00:31:43", "end": "00:31:46", "text": ">> One of the funniest things that I've"}, {"start": "00:31:45", "end": "00:31:50", "text": "seen recently is a friend of mine, he's"}, {"start": "00:31:46", "end": "00:31:51", "text": "got uh kids probably three years old and"}, {"start": "00:31:50", "end": "00:31:53", "text": "uh he was applying to go to like"}, {"start": "00:31:51", "end": "00:31:55", "text": "preschool or whatever and he said that"}, {"start": "00:31:53", "end": "00:31:56", "text": "he was getting interviewed. He was"}, {"start": "00:31:55", "end": "00:31:58", "text": "getting interviewed and then he was"}, {"start": "00:31:56", "end": "00:32:01", "text": "like, \"Yeah, so if uh if they need to"}, {"start": "00:31:58", "end": "00:32:03", "text": "like a reference, will you do it?\" I was"}, {"start": "00:32:01", "end": "00:32:04", "text": "like, \"You want me to be a reference for"}, {"start": "00:32:03", "end": "00:32:06", "text": "your three-year-old?\" He goes, \"No, no.\""}, {"start": "00:32:04", "end": "00:32:09", "text": "He go he goes, \"No, not for the"}, {"start": "00:32:06", "end": "00:32:10", "text": "three-year-old, for me.\""}, {"start": "00:32:09", "end": "00:32:12", "text": ">> I was like, \"Wait a minute. They're"}, {"start": "00:32:10", "end": "00:32:14", "text": "going to call and they're going to call"}, {"start": "00:32:12", "end": "00:32:16", "text": "me and ask me if you're good so that"}, {"start": "00:32:14", "end": "00:32:18", "text": "their your three-year-old can go to"}, {"start": "00:32:16", "end": "00:32:19", "text": "their school.\" I said, \"Man, your whole"}, {"start": "00:32:18", "end": "00:32:21", "text": "family's got to be in order to get your"}, {"start": "00:32:19", "end": "00:32:22", "text": "kid into preschool.\" I said, \"I don't"}, {"start": "00:32:21", "end": "00:32:24", "text": "know what the details of this school"}, {"start": "00:32:22", "end": "00:32:25", "text": "are, but sounds like I should maybe I"}, {"start": "00:32:24", "end": "00:32:28", "text": "should go, you know, sign some of these"}, {"start": "00:32:25", "end": "00:32:29", "text": "kids the NIL deals or something already."}, {"start": "00:32:28", "end": "00:32:30", "text": "I need to get into some sort of charter"}, {"start": "00:32:29", "end": "00:32:31", "text": "school business and charge these parents"}, {"start": "00:32:30", "end": "00:32:32", "text": "whatever I want.\""}, {"start": "00:32:31", "end": "00:32:33", "text": ">> I was like, \"This is crazy.\""}, {"start": "00:32:32", "end": "00:32:35", "text": ">> But when it when it comes down to"}, {"start": "00:32:33", "end": "00:32:38", "text": "parental stuff and and and for your"}, {"start": "00:32:35", "end": "00:32:40", "text": "kids, like I I do feel pressure of like,"}, {"start": "00:32:38", "end": "00:32:43", "text": "well, if I don't pay this or enroll in"}, {"start": "00:32:40", "end": "00:32:45", "text": "this, like I'm harming my kids. And it"}, {"start": "00:32:43", "end": "00:32:47", "text": "shouldn't be that way, but"}, {"start": "00:32:45", "end": "00:32:48", "text": ">> it just kind of is. Like I don't know"}, {"start": "00:32:47", "end": "00:32:50", "text": "how to I don't even I wouldn't even know"}, {"start": "00:32:48", "end": "00:32:52", "text": "how to begin to fix it. Like there's so"}, {"start": "00:32:50", "end": "00:32:53", "text": "many problems in this world that I'm"}, {"start": "00:32:52", "end": "00:32:54", "text": "like I can't even think of a solution"}, {"start": "00:32:53", "end": "00:32:56", "text": ">> on the home ownership thing. One of the"}, {"start": "00:32:54", "end": "00:32:57", "text": "things I do find interesting though is"}, {"start": "00:32:56", "end": "00:32:58", "text": "maybe people under the age of 35."}, {"start": "00:32:57", "end": "00:33:01", "text": "There's still a lot of folks that I know"}, {"start": "00:32:58", "end": "00:33:03", "text": "who they they want to be in a position"}, {"start": "00:33:01", "end": "00:33:06", "text": "to be able to afford a home which is"}, {"start": "00:33:03", "end": "00:33:08", "text": "some marker of like financial success"}, {"start": "00:33:06", "end": "00:33:11", "text": "but they are like but I don't want to"}, {"start": "00:33:08", "end": "00:33:13", "text": "own the home because I actually enjoy"}, {"start": "00:33:11", "end": "00:33:14", "text": "working remotely traveling you know"}, {"start": "00:33:13", "end": "00:33:16", "text": "having flexibility like all this stuff."}, {"start": "00:33:14", "end": "00:33:18", "text": "So like it is this weird like the boomer"}, {"start": "00:33:16", "end": "00:33:19", "text": "narrative of like everyone should own a"}, {"start": "00:33:18", "end": "00:33:21", "text": "home and then there's a bunch of people"}, {"start": "00:33:19", "end": "00:33:21", "text": "who are like no lifestyle wise I don't"}, {"start": "00:33:21", "end": "00:33:24", "text": "actually want to own a home"}, {"start": "00:33:21", "end": "00:33:26", "text": ">> so then then don't do it you know or or"}, {"start": "00:33:24", "end": "00:33:28", "text": "get married have kids like the there are"}, {"start": "00:33:26", "end": "00:33:30", "text": "just like three or four major life"}, {"start": "00:33:28", "end": "00:33:32", "text": "things that I feel like I I was never"}, {"start": "00:33:30", "end": "00:33:35", "text": "even explicitly taught it. It was just"}, {"start": "00:33:32", "end": "00:33:37", "text": "like this is the way it goes. And so I"}, {"start": "00:33:35", "end": "00:33:39", "text": "did everything at the right time I was"}, {"start": "00:33:37", "end": "00:33:40", "text": "supposed to when I should have"}, {"start": "00:33:39", "end": "00:33:41", "text": "recognized like for myself and I'm sure"}, {"start": "00:33:40", "end": "00:33:44", "text": "other people out there have different"}, {"start": "00:33:41", "end": "00:33:46", "text": "scenarios but similar of like my life is"}, {"start": "00:33:44", "end": "00:33:47", "text": "kind of going down this alternative path"}, {"start": "00:33:46", "end": "00:33:49", "text": "with the internet and bar stool and all"}, {"start": "00:33:47", "end": "00:33:51", "text": "that. So I I'm probably not going to"}, {"start": "00:33:49", "end": "00:33:53", "text": "fall into those traditional buckets. But"}, {"start": "00:33:51", "end": "00:33:55", "text": "I tried to like live a normal life"}, {"start": "00:33:53", "end": "00:33:56", "text": "anyway and kind of all got jacked up."}, {"start": "00:33:55", "end": "00:33:57", "text": "Not a right fit."}, {"start": "00:33:56", "end": "00:34:00", "text": ">> What did your parents think when you"}, {"start": "00:33:57", "end": "00:34:02", "text": "told them about Barcelona? Uh they were"}, {"start": "00:34:00", "end": "00:34:03", "text": "they were outwardly supportive and"}, {"start": "00:34:02", "end": "00:34:04", "text": "inwardly like are you out of your"}, {"start": "00:34:03", "end": "00:34:07", "text": "goddamn mind? Uh"}, {"start": "00:34:04", "end": "00:34:08", "text": ">> but you stayed at the uh at the audit"}, {"start": "00:34:07", "end": "00:34:09", "text": "firm or whatever"}, {"start": "00:34:08", "end": "00:34:11", "text": ">> for the first couple years. So I was at"}, {"start": "00:34:09", "end": "00:34:13", "text": "Deote"}, {"start": "00:34:11", "end": "00:34:14", "text": ">> uh and Barto stool."}, {"start": "00:34:13", "end": "00:34:18", "text": ">> What a sellout."}, {"start": "00:34:14", "end": "00:34:20", "text": ">> Oh dude, it was I my Deote story is like"}, {"start": "00:34:18", "end": "00:34:22", "text": "my favorite thing cuz it was like I won."}, {"start": "00:34:20", "end": "00:34:23", "text": "I like stuck it to the man. I get this"}, {"start": "00:34:22", "end": "00:34:24", "text": "job that I have no business getting in"}, {"start": "00:34:23", "end": "00:34:26", "text": "the first place."}, {"start": "00:34:24", "end": "00:34:28", "text": ">> Aren't you an auditor? I I it was a"}, {"start": "00:34:26", "end": "00:34:30", "text": "weird it was uh we called it agreed upon"}, {"start": "00:34:28", "end": "00:34:32", "text": "procedures instead of an audit and I"}, {"start": "00:34:30", "end": "00:34:33", "text": "wasn't a traditional like I didn't go"}, {"start": "00:34:32", "end": "00:34:36", "text": "client to client. We stayed in one"}, {"start": "00:34:33", "end": "00:34:38", "text": "office and we just worked on whatever uh"}, {"start": "00:34:36", "end": "00:34:39", "text": "monthly cos were given to us. Sounds"}, {"start": "00:34:38", "end": "00:34:41", "text": "like nerd [�__�]"}, {"start": "00:34:39", "end": "00:34:43", "text": ">> In total nerd [�__�] And I was terrible"}, {"start": "00:34:41", "end": "00:34:47", "text": "at it and I hated it."}, {"start": "00:34:43", "end": "00:34:49", "text": ">> But it was in ' 08 09 and it was the"}, {"start": "00:34:47", "end": "00:34:51", "text": "exact financial instrument that was"}, {"start": "00:34:49", "end": "00:34:52", "text": "bringing down the economy was what I was"}, {"start": "00:34:51", "end": "00:34:54", "text": "working on."}, {"start": "00:34:52", "end": "00:34:57", "text": ">> And maybe those two things are related."}, {"start": "00:34:54", "end": "00:34:59", "text": ">> And so and I know I don't know what I'm"}, {"start": "00:34:57", "end": "00:35:01", "text": "doing. Every day I was like I don't know"}, {"start": "00:34:59", "end": "00:35:03", "text": "any of this. And then and then I go home"}, {"start": "00:35:01", "end": "00:35:04", "text": "and I see like CNBC is like"}, {"start": "00:35:03", "end": "00:35:06", "text": "collateralized debt obligations is"}, {"start": "00:35:04", "end": "00:35:08", "text": "ruining America. And I was like did I"}, {"start": "00:35:06", "end": "00:35:10", "text": "start this at recession? like this this"}, {"start": "00:35:08", "end": "00:35:13", "text": "might be my I think I'm like 1%"}, {"start": "00:35:10", "end": "00:35:16", "text": "responsible for the recession. So, uh"}, {"start": "00:35:13", "end": "00:35:19", "text": "but I I I knew I was terrible at it and"}, {"start": "00:35:16", "end": "00:35:20", "text": "I started my own blog just for fun and"}, {"start": "00:35:19", "end": "00:35:22", "text": "that's when Dave saw that right when he"}, {"start": "00:35:20", "end": "00:35:24", "text": "was looking to expand and long story"}, {"start": "00:35:22", "end": "00:35:26", "text": "short, he wasn't able to pick just one"}, {"start": "00:35:24", "end": "00:35:28", "text": "person. So, I worked bar stool part-time"}, {"start": "00:35:26", "end": "00:35:30", "text": "and Deote part-time"}, {"start": "00:35:28", "end": "00:35:30", "text": ">> for two years. Did Deote neither? Did"}, {"start": "00:35:30", "end": "00:35:32", "text": "Deote?"}, {"start": "00:35:30", "end": "00:35:34", "text": ">> No, but Deote didn't know I was working"}, {"start": "00:35:32", "end": "00:35:36", "text": "as a blogger and the blog readers didn't"}, {"start": "00:35:34", "end": "00:35:38", "text": "know I had a job. And I was talking"}, {"start": "00:35:36", "end": "00:35:39", "text": "like, oh, I I used to be an accountant."}, {"start": "00:35:38", "end": "00:35:39", "text": "They didn't know I was like actively an"}, {"start": "00:35:39", "end": "00:35:41", "text": "account."}, {"start": "00:35:39", "end": "00:35:43", "text": ">> Well, hold on. You said that you worked"}, {"start": "00:35:41", "end": "00:35:43", "text": "part time at Deote. Did Deote know you"}, {"start": "00:35:43", "end": "00:35:45", "text": "were part-time?"}, {"start": "00:35:43", "end": "00:35:46", "text": ">> No. No, it was a full-time job. I'm"}, {"start": "00:35:45", "end": "00:35:47", "text": "saying like I Yeah."}, {"start": "00:35:46", "end": "00:35:51", "text": ">> Yeah, I got you."}, {"start": "00:35:47", "end": "00:35:52", "text": ">> It was is actually the perfect storm. I"}, {"start": "00:35:51", "end": "00:35:55", "text": "If I had any other job, I don't think"}, {"start": "00:35:52", "end": "00:35:56", "text": "I'm at Bartow because this job it was"}, {"start": "00:35:55", "end": "00:35:58", "text": "paying well out of college and I had"}, {"start": "00:35:56", "end": "00:35:59", "text": "benefits. My parents were like, \"You're"}, {"start": "00:35:58", "end": "00:36:02", "text": "set. Don't worry, don't do anything"}, {"start": "00:35:59", "end": "00:36:05", "text": "stupid. Um, but the way that job worked"}, {"start": "00:36:02", "end": "00:36:07", "text": "was you get all your work for the be it"}, {"start": "00:36:05", "end": "00:36:09", "text": "goes monthly. You get all your work for"}, {"start": "00:36:07", "end": "00:36:10", "text": "the month up front. Oh,"}, {"start": "00:36:09", "end": "00:36:12", "text": ">> and they were like as as long as you get"}, {"start": "00:36:10", "end": "00:36:14", "text": "it done, you get it done. And it mostly"}, {"start": "00:36:12", "end": "00:36:17", "text": "was was evenly spread out, but right"}, {"start": "00:36:14", "end": "00:36:20", "text": "around like the 15th would be crazy. So,"}, {"start": "00:36:17", "end": "00:36:22", "text": "I would stay late, I would go nuts, but"}, {"start": "00:36:20", "end": "00:36:23", "text": "then I was free to blog. Like, I just at"}, {"start": "00:36:22", "end": "00:36:25", "text": "my desk like nobody would check in on"}, {"start": "00:36:23", "end": "00:36:27", "text": "you if you got your work done. So, I"}, {"start": "00:36:25", "end": "00:36:28", "text": "would just blog from my desk. And uh I"}, {"start": "00:36:27", "end": "00:36:30", "text": "ended up just like getting double"}, {"start": "00:36:28", "end": "00:36:32", "text": "paychecks for a few years. I got"}, {"start": "00:36:30", "end": "00:36:33", "text": "severance. They were like, \"You're so"}, {"start": "00:36:32", "end": "00:36:34", "text": "bad. We're going to transfer you to a"}, {"start": "00:36:33", "end": "00:36:36", "text": "new new department.\" And I was like,"}, {"start": "00:36:34", "end": "00:36:37", "text": "\"No, thank you.\" And they were like,"}, {"start": "00:36:36", "end": "00:36:38", "text": "\"No, no, no. You're not understanding."}, {"start": "00:36:37", "end": "00:36:40", "text": "Like, if we don't transfer you, you're"}, {"start": "00:36:38", "end": "00:36:42", "text": "getting fired.\" And I was like, \"Cool.\""}, {"start": "00:36:40", "end": "00:36:43", "text": "And they won't do it."}, {"start": "00:36:42", "end": "00:36:45", "text": ">> You won't do it."}, {"start": "00:36:43", "end": "00:36:47", "text": ">> So I I I kind of gamed the system on"}, {"start": "00:36:45", "end": "00:36:50", "text": "that one as best I could. I'm always"}, {"start": "00:36:47", "end": "00:36:52", "text": "like I stuck it to the man. When um when"}, {"start": "00:36:50", "end": "00:36:54", "text": "you think about the rise of Bartool, the"}, {"start": "00:36:52", "end": "00:36:56", "text": "the one aspect of it that's always"}, {"start": "00:36:54", "end": "00:36:58", "text": "hilarious to me is like there was the"}, {"start": "00:36:56", "end": "00:37:01", "text": "newspaper, then there was like a blog."}, {"start": "00:36:58", "end": "00:37:03", "text": ">> Now it's just like free run on Twitter"}, {"start": "00:37:01", "end": "00:37:05", "text": "and the ether. Yeah."}, {"start": "00:37:03", "end": "00:37:08", "text": ">> No, but it's just like I think all of us"}, {"start": "00:37:05", "end": "00:37:10", "text": "grew up in an age where it became not"}, {"start": "00:37:08", "end": "00:37:12", "text": "taboo to just say whatever was on your"}, {"start": "00:37:10", "end": "00:37:14", "text": "mind. And if you look back actually the"}, {"start": "00:37:12", "end": "00:37:15", "text": "people who just said the truth or said"}, {"start": "00:37:14", "end": "00:37:16", "text": "what they were thinking, they're the"}, {"start": "00:37:15", "end": "00:37:18", "text": "people who accumulated the audiences."}, {"start": "00:37:16", "end": "00:37:20", "text": "everyone else who was like, \"Oh, I can't"}, {"start": "00:37:18", "end": "00:37:23", "text": "say that cuz my job with like"}, {"start": "00:37:20", "end": "00:37:24", "text": ">> authenticity reigns supreme, man. It"}, {"start": "00:37:23", "end": "00:37:25", "text": "always has, always will.\" But I feel"}, {"start": "00:37:24", "end": "00:37:28", "text": "like we're in an era right now,"}, {"start": "00:37:25", "end": "00:37:31", "text": "especially with AI and the algorithm and"}, {"start": "00:37:28", "end": "00:37:33", "text": "people just, it used to be I'm going to"}, {"start": "00:37:31", "end": "00:37:34", "text": "do something interesting and cool and"}, {"start": "00:37:33", "end": "00:37:36", "text": "I'm passionate about it and that will"}, {"start": "00:37:34", "end": "00:37:37", "text": "translate and that's why it will grow."}, {"start": "00:37:36", "end": "00:37:39", "text": "And now it's like what does the"}, {"start": "00:37:37", "end": "00:37:40", "text": "algorithm already reward? I'm going to"}, {"start": "00:37:39", "end": "00:37:42", "text": "do that. It's just a whole copycat"}, {"start": "00:37:40", "end": "00:37:44", "text": "league, you know."}, {"start": "00:37:42", "end": "00:37:45", "text": ">> And uh there let me ask this. This is"}, {"start": "00:37:44", "end": "00:37:47", "text": "actually interesting way to think about"}, {"start": "00:37:45", "end": "00:37:49", "text": "it. You listen to podcasts?"}, {"start": "00:37:47", "end": "00:37:51", "text": ">> Yeah, some of them."}, {"start": "00:37:49", "end": "00:37:54", "text": ">> When's the last time you found a really"}, {"start": "00:37:51", "end": "00:37:56", "text": "interesting new podcast?"}, {"start": "00:37:54", "end": "00:37:57", "text": ">> I think it's very hard to find"}, {"start": "00:37:56", "end": "00:37:59", "text": ">> get kind of set"}, {"start": "00:37:57", "end": "00:38:01", "text": ">> new podcast, right? And so like I don't"}, {"start": "00:37:59", "end": "00:38:03", "text": "know, I've gone through different like"}, {"start": "00:38:01", "end": "00:38:06", "text": "seasons if you I used to listen to Joe"}, {"start": "00:38:03", "end": "00:38:07", "text": "Rogan a ton and then it's just like okay"}, {"start": "00:38:06", "end": "00:38:08", "text": "cool I get it. Every once in a while"}, {"start": "00:38:07", "end": "00:38:10", "text": "he's a guest like I'll listen you know"}, {"start": "00:38:08", "end": "00:38:11", "text": "uh Taylor Sheridan was on recently."}, {"start": "00:38:10", "end": "00:38:14", "text": "Excellent episode. Okay, awesome."}, {"start": "00:38:11", "end": "00:38:16", "text": ">> Then uh there's similar genres. So, like"}, {"start": "00:38:14", "end": "00:38:18", "text": "the Sean Ryan of the world, your crush,"}, {"start": "00:38:16", "end": "00:38:19", "text": "right? Three-hour episodes, all stuff."}, {"start": "00:38:18", "end": "00:38:22", "text": "Then you got like business podcast,"}, {"start": "00:38:19", "end": "00:38:23", "text": "right? Or whatever. But I started"}, {"start": "00:38:22", "end": "00:38:27", "text": "thinking the other day, I'm like,"}, {"start": "00:38:23", "end": "00:38:29", "text": ">> I don't know, maybe once a year, maybe"}, {"start": "00:38:27", "end": "00:38:34", "text": "once every six months I find a new"}, {"start": "00:38:29", "end": "00:38:38", "text": "podcast. It's I mean, the whole industry"}, {"start": "00:38:34", "end": "00:38:39", "text": "has exploded to a level of like I don't"}, {"start": "00:38:38", "end": "00:38:41", "text": "think that that happens anymore."}, {"start": "00:38:39", "end": "00:38:43", "text": ">> Yeah. But I find a new Twitter account"}, {"start": "00:38:41", "end": "00:38:44", "text": "true every day or every other day"}, {"start": "00:38:43", "end": "00:38:46", "text": ">> because it's but it's also it's just"}, {"start": "00:38:44", "end": "00:38:48", "text": "more of a commitment. I read your tweet,"}, {"start": "00:38:46", "end": "00:38:50", "text": "it looks fine. I follow you, whatever."}, {"start": "00:38:48", "end": "00:38:52", "text": "Whereas like am I gonna not I'm going to"}, {"start": "00:38:50", "end": "00:38:53", "text": "listen to you for 30 minutes, an hour,"}, {"start": "00:38:52", "end": "00:38:55", "text": "two hours, but more importantly,"}, {"start": "00:38:53", "end": "00:38:58", "text": ">> are you good enough that I am not going"}, {"start": "00:38:55", "end": "00:39:01", "text": "to listen to Joe Rogan and Shawn Ryan? I"}, {"start": "00:38:58", "end": "00:39:02", "text": "I feel like when I started,"}, {"start": "00:39:01", "end": "00:39:05", "text": ">> especially started podcasting, I started"}, {"start": "00:39:02", "end": "00:39:07", "text": "in 2012. It it was, you know, you could"}, {"start": "00:39:05", "end": "00:39:09", "text": "buy the equipment and start and if you"}, {"start": "00:39:07", "end": "00:39:11", "text": "had a a good friend dynamic and you just"}, {"start": "00:39:09", "end": "00:39:13", "text": "were funny, it works. You could be"}, {"start": "00:39:11", "end": "00:39:15", "text": "success. I That was me, you know. Now"}, {"start": "00:39:13", "end": "00:39:16", "text": "it's like, are you going to listen to me"}, {"start": "00:39:15", "end": "00:39:18", "text": "and my buddies or you going to listen to"}, {"start": "00:39:16", "end": "00:39:20", "text": "your favorite basketball players who are"}, {"start": "00:39:18", "end": "00:39:21", "text": "now telling all the secrets of the NBA?"}, {"start": "00:39:20", "end": "00:39:23", "text": "The rappers who get together talking"}, {"start": "00:39:21", "end": "00:39:25", "text": "about being on tour, everyone's an"}, {"start": "00:39:23", "end": "00:39:27", "text": "entertainer. It's like it became"}, {"start": "00:39:25", "end": "00:39:28", "text": "Hollywood where, you know, growing up, I"}, {"start": "00:39:27", "end": "00:39:30", "text": "would have never said, \"I'm going to act"}, {"start": "00:39:28", "end": "00:39:32", "text": "in movies cuz I know I'm not Leonardo"}, {"start": "00:39:30", "end": "00:39:32", "text": "DiCaprio. I'm not George Clooney.\" But"}, {"start": "00:39:32", "end": "00:39:34", "text": "you could be like,"}, {"start": "00:39:32", "end": "00:39:36", "text": ">> \"You look like"}, {"start": "00:39:34", "end": "00:39:37", "text": "I I you know I can be a podcaster."}, {"start": "00:39:36", "end": "00:39:39", "text": ">> Mhm."}, {"start": "00:39:37", "end": "00:39:41", "text": ">> And it's true. You get your equipment,"}, {"start": "00:39:39", "end": "00:39:42", "text": "you get it out there, people like it. I"}, {"start": "00:39:41", "end": "00:39:44", "text": "don't think that's the case anymore,"}, {"start": "00:39:42", "end": "00:39:47", "text": "man. It's like why should I listen to"}, {"start": "00:39:44", "end": "00:39:49", "text": "you when there's a lot more intriguing"}, {"start": "00:39:47", "end": "00:39:53", "text": "and interesting people? I mean, you have"}, {"start": "00:39:49", "end": "00:39:55", "text": "to either be a star, a real talent, or"}, {"start": "00:39:53", "end": "00:39:57", "text": "have some sort of angle. You're either"}, {"start": "00:39:55", "end": "00:39:59", "text": "grandfathered in, a Nepo baby, whatever"}, {"start": "00:39:57", "end": "00:40:00", "text": "it is for people to tune into your like"}, {"start": "00:39:59", "end": "00:40:01", "text": "2hour podcast."}, {"start": "00:40:00", "end": "00:40:03", "text": ">> I also don't know how much the audiences"}, {"start": "00:40:01", "end": "00:40:05", "text": "move, right? Like that. That's always"}, {"start": "00:40:03", "end": "00:40:07", "text": "interesting to me where um let's say"}, {"start": "00:40:05", "end": "00:40:09", "text": "you've got a really big podcast and you"}, {"start": "00:40:07", "end": "00:40:10", "text": "like vouch for somebody."}, {"start": "00:40:09", "end": "00:40:12", "text": ">> Not like it used to. I mean look at"}, {"start": "00:40:10", "end": "00:40:15", "text": "Rogan. If you got on Rogan 20 10 years"}, {"start": "00:40:12", "end": "00:40:15", "text": "ago, 15 years ago, your your your career"}, {"start": "00:40:15", "end": "00:40:16", "text": "is made."}, {"start": "00:40:15", "end": "00:40:19", "text": ">> Andrew Schultz talked about it. He's"}, {"start": "00:40:16", "end": "00:40:20", "text": "like, \"Dude, this guy he's like look it"}, {"start": "00:40:19", "end": "00:40:23", "text": "Schultz is hilarious, right? And like"}, {"start": "00:40:20", "end": "00:40:24", "text": "substance-wise, he's A+.\" But I he's"}, {"start": "00:40:23", "end": "00:40:27", "text": "publicly talked about it. He's like Joe"}, {"start": "00:40:24", "end": "00:40:27", "text": "Rogan was incredibly important for my"}, {"start": "00:40:27", "end": "00:40:29", "text": "rise in my career."}, {"start": "00:40:27", "end": "00:40:31", "text": ">> Yep."}, {"start": "00:40:29", "end": "00:40:33", "text": "Rogan, maybe he's still like a one of"}, {"start": "00:40:31", "end": "00:40:34", "text": "one and so he can still kind of kingmake"}, {"start": "00:40:33", "end": "00:40:35", "text": "a little bit, but there's not many"}, {"start": "00:40:34", "end": "00:40:37", "text": "people like that."}, {"start": "00:40:35", "end": "00:40:40", "text": ">> Yeah. I mean, Joe will for sure give you"}, {"start": "00:40:37", "end": "00:40:41", "text": "a boost no matter what, but like Yeah,"}, {"start": "00:40:40", "end": "00:40:44", "text": "he could take you out of obscurity and"}, {"start": "00:40:41", "end": "00:40:46", "text": "make you like a superstar with like just"}, {"start": "00:40:44", "end": "00:40:48", "text": "a mention. You know, the the the uh the"}, {"start": "00:40:46", "end": "00:40:49", "text": "sushi chef he rolls with, Philip"}, {"start": "00:40:48", "end": "00:40:51", "text": "Franklin Lee,"}, {"start": "00:40:49", "end": "00:40:52", "text": ">> he was like, \"I had a food truck at a"}, {"start": "00:40:51", "end": "00:40:54", "text": "festival. Joe ate one. He said, \"Hey,"}, {"start": "00:40:52", "end": "00:40:55", "text": "can I get a reservation at your"}, {"start": "00:40:54", "end": "00:40:56", "text": "restaurant?\" And he was like, \"Oh, I"}, {"start": "00:40:55", "end": "00:40:57", "text": "don't actually have a restaurant here."}, {"start": "00:40:56", "end": "00:40:59", "text": "It's just a food truck.\" He was like,"}, {"start": "00:40:57", "end": "00:41:02", "text": "\"If you open a restaurant, I will plug"}, {"start": "00:40:59", "end": "00:41:04", "text": "it.\" So this guy just on a like on a on"}, {"start": "00:41:02", "end": "00:41:06", "text": "a promise opened a sushi sushi"}, {"start": "00:41:04", "end": "00:41:07", "text": "restaurant in Austin. Joe talked about"}, {"start": "00:41:06", "end": "00:41:09", "text": "it and he was like, \"I was booked for"}, {"start": "00:41:07", "end": "00:41:13", "text": "six straight months like and now my"}, {"start": "00:41:09", "end": "00:41:15", "text": "career is and I think Joe might have"}, {"start": "00:41:13", "end": "00:41:17", "text": "anybody I keep saying Joe, but I think"}, {"start": "00:41:15", "end": "00:41:20", "text": "the kingmakers I think might have a"}, {"start": "00:41:17", "end": "00:41:20", "text": "easier time anointing like go to this"}, {"start": "00:41:20", "end": "00:41:21", "text": "restaurant.\""}, {"start": "00:41:20", "end": "00:41:23", "text": ">> Yeah. Yeah."}, {"start": "00:41:21", "end": "00:41:24", "text": ">> Versus like go listen to this other"}, {"start": "00:41:23", "end": "00:41:26", "text": "content cuz like I'm listening to you,"}, {"start": "00:41:24", "end": "00:41:29", "text": "man. I don't want to I I ran into that"}, {"start": "00:41:26", "end": "00:41:31", "text": "with my podcast. We we hit the the"}, {"start": "00:41:29", "end": "00:41:33", "text": "comedy revolution at the right time. We"}, {"start": "00:41:31", "end": "00:41:36", "text": "I like to I would like to think we were"}, {"start": "00:41:33", "end": "00:41:38", "text": "part of it as well. Uh and all of these"}, {"start": "00:41:36", "end": "00:41:39", "text": "really funny guys coming on the show and"}, {"start": "00:41:38", "end": "00:41:40", "text": "they at that point were pretty"}, {"start": "00:41:39", "end": "00:41:42", "text": "undiscovered. They were on their way,"}, {"start": "00:41:40", "end": "00:41:43", "text": "but you know, getting Schultz on the"}, {"start": "00:41:42", "end": "00:41:46", "text": "rise, getting Chris Ephano when they're"}, {"start": "00:41:43", "end": "00:41:48", "text": "on the come up and my my podcast was"}, {"start": "00:41:46", "end": "00:41:50", "text": "successful as a result, but then they"}, {"start": "00:41:48", "end": "00:41:50", "text": "all started their own podcast and it's"}, {"start": "00:41:50", "end": "00:41:52", "text": "like"}, {"start": "00:41:50", "end": "00:41:54", "text": ">> they used to only be able to get it from"}, {"start": "00:41:52", "end": "00:41:56", "text": "me or a couple other guests, hosts, and"}, {"start": "00:41:54", "end": "00:41:58", "text": "now they have their own thing. And I"}, {"start": "00:41:56", "end": "00:42:00", "text": "actually wish I my big regret is I wish"}, {"start": "00:41:58", "end": "00:42:02", "text": "I saw that writing on the wall a little"}, {"start": "00:42:00", "end": "00:42:03", "text": "bit more cuz had I thought to myself,"}, {"start": "00:42:02", "end": "00:42:04", "text": "we're on a good run right now, but this"}, {"start": "00:42:03", "end": "00:42:05", "text": "is going to end because of that. Let's"}, {"start": "00:42:04", "end": "00:42:07", "text": "start to pivot. I think we would have"}, {"start": "00:42:05", "end": "00:42:08", "text": "been in better position. Instead, we"}, {"start": "00:42:07", "end": "00:42:10", "text": "just kind of held on as long as we"}, {"start": "00:42:08", "end": "00:42:13", "text": "could. But um and yeah,"}, {"start": "00:42:10", "end": "00:42:14", "text": ">> you think AI could uh do the podcast?"}, {"start": "00:42:13", "end": "00:42:15", "text": "Like is AI gonna replace a lot of the"}, {"start": "00:42:14", "end": "00:42:19", "text": "content?"}, {"start": "00:42:15", "end": "00:42:21", "text": ">> No, I I I started looking into AI in"}, {"start": "00:42:19", "end": "00:42:23", "text": "terms of like production and editing and"}, {"start": "00:42:21", "end": "00:42:25", "text": "there's a couple good uh companies out"}, {"start": "00:42:23", "end": "00:42:27", "text": "there. The the one we we I was really"}, {"start": "00:42:25", "end": "00:42:31", "text": "working in like looking into was Opus."}, {"start": "00:42:27", "end": "00:42:33", "text": "And they have a great product for like"}, {"start": "00:42:31", "end": "00:42:35", "text": "if you don't have a producer, this will"}, {"start": "00:42:33", "end": "00:42:37", "text": "listen to the show and it'll identify"}, {"start": "00:42:35", "end": "00:42:38", "text": "the the good moments and it'll clip it"}, {"start": "00:42:37", "end": "00:42:40", "text": "and subtitle it and all that stuff for"}, {"start": "00:42:38", "end": "00:42:43", "text": "you. But it always like just there's"}, {"start": "00:42:40", "end": "00:42:44", "text": "just a limit at least at this iteration."}, {"start": "00:42:43", "end": "00:42:47", "text": "It doesn't quite get humor yet. It"}, {"start": "00:42:44", "end": "00:42:48", "text": "doesn't get like it can it can sense"}, {"start": "00:42:47", "end": "00:42:51", "text": "when somebody was yelling on the"}, {"start": "00:42:48", "end": "00:42:52", "text": "podcast, but was that really funny? And"}, {"start": "00:42:51", "end": "00:42:55", "text": "so there's still I think when it comes"}, {"start": "00:42:52", "end": "00:42:57", "text": "to content you the creator still really"}, {"start": "00:42:55", "end": "00:42:59", "text": "does matter. Uh because if if it the"}, {"start": "00:42:57", "end": "00:43:00", "text": "edit couldn't even be like fully done. I"}, {"start": "00:42:59", "end": "00:43:02", "text": "don't think it can just produce."}, {"start": "00:43:00", "end": "00:43:04", "text": ">> Do you watch any of the like AI"}, {"start": "00:43:02", "end": "00:43:05", "text": "influencers on Instagram?"}, {"start": "00:43:04", "end": "00:43:07", "text": ">> I don't like seek them out. I've seen"}, {"start": "00:43:05", "end": "00:43:09", "text": "them before, but I I think you're insane"}, {"start": "00:43:07", "end": "00:43:10", "text": "if you like follow that and watch that,"}, {"start": "00:43:09", "end": "00:43:12", "text": "right? Like that's not And it's usually"}, {"start": "00:43:10", "end": "00:43:14", "text": "like some hot girl that's clearly fake"}, {"start": "00:43:12", "end": "00:43:15", "text": "and just kind of regurgitating."}, {"start": "00:43:14", "end": "00:43:17", "text": ">> I've seen Jewish rabbis. I've seen"}, {"start": "00:43:15", "end": "00:43:20", "text": "Italian mafia men."}, {"start": "00:43:17", "end": "00:43:20", "text": ">> You know what? Maybe I've seen and I"}, {"start": "00:43:20", "end": "00:43:22", "text": "don't realize."}, {"start": "00:43:20", "end": "00:43:23", "text": ">> You don't realize."}, {"start": "00:43:22", "end": "00:43:26", "text": ">> That's the other thing, man. I like I"}, {"start": "00:43:23", "end": "00:43:28", "text": "love when when when the second when the"}, {"start": "00:43:26", "end": "00:43:30", "text": "video of Alex Prey came out that was"}, {"start": "00:43:28", "end": "00:43:32", "text": "kind of like damning of his behavior and"}, {"start": "00:43:30", "end": "00:43:35", "text": "everyone just automatically that's AI"}, {"start": "00:43:32", "end": "00:43:36", "text": "that's fake and I I had posted it and"}, {"start": "00:43:35", "end": "00:43:38", "text": "people were killing me for it and then"}, {"start": "00:43:36", "end": "00:43:40", "text": "it turned out to be real and it's like"}, {"start": "00:43:38", "end": "00:43:43", "text": "the new the new I was hacked or whatever"}, {"start": "00:43:40", "end": "00:43:43", "text": "is like that's AI people used to say"}, {"start": "00:43:43", "end": "00:43:46", "text": "that"}, {"start": "00:43:43", "end": "00:43:47", "text": ">> people still say that it's like dude my"}, {"start": "00:43:46", "end": "00:43:50", "text": "Twitter account got hacked uh it was"}, {"start": "00:43:47", "end": "00:43:52", "text": "3:00 in the morning and here's a picture"}, {"start": "00:43:50", "end": "00:43:54", "text": "of you on the flock camera drinking last"}, {"start": "00:43:52", "end": "00:43:56", "text": "Right. And what else happened during"}, {"start": "00:43:54", "end": "00:43:58", "text": "this alleged hack? They just logged in"}, {"start": "00:43:56", "end": "00:44:01", "text": "and sent one tweet and that's it. Like"}, {"start": "00:43:58", "end": "00:44:02", "text": "get out of here. But yeah, I uh that"}, {"start": "00:44:01", "end": "00:44:03", "text": "happened to be at the person talking"}, {"start": "00:44:02", "end": "00:44:06", "text": "[�__�] to you,"}, {"start": "00:44:03", "end": "00:44:08", "text": ">> right? But I, you know, I don't even"}, {"start": "00:44:06", "end": "00:44:11", "text": "pretend. If I get it wrong, I'm like,"}, {"start": "00:44:08", "end": "00:44:13", "text": "how? I'm not like a film expert. It's"}, {"start": "00:44:11", "end": "00:44:14", "text": "it's fake. I'm sorry. I got duped. Like"}, {"start": "00:44:13", "end": "00:44:16", "text": ">> the best one you should have said they"}, {"start": "00:44:14", "end": "00:44:18", "text": "got hacked was uh Paul Pierce"}, {"start": "00:44:16", "end": "00:44:20", "text": ">> with the live stream. If he if he had"}, {"start": "00:44:18", "end": "00:44:21", "text": "somehow live stream, that wasn't me,"}, {"start": "00:44:20", "end": "00:44:23", "text": "man."}, {"start": "00:44:21", "end": "00:44:25", "text": ">> Yeah. and like, \"Hey man, what what"}, {"start": "00:44:23", "end": "00:44:28", "text": "happened there? Somebody hacked my"}, {"start": "00:44:25", "end": "00:44:29", "text": "phone.\""}, {"start": "00:44:28", "end": "00:44:31", "text": "I feel like that was one of the like,"}, {"start": "00:44:29", "end": "00:44:33", "text": "\"Wait, what is going cuz wasn't it like"}, {"start": "00:44:31", "end": "00:44:35", "text": "2:00 in the afternoon on like a"}, {"start": "00:44:33", "end": "00:44:38", "text": "Tuesday?\" He was just like loaded drunk."}, {"start": "00:44:35", "end": "00:44:41", "text": "I was He's a He's a great But that like"}, {"start": "00:44:38", "end": "00:44:43", "text": "you can't even if AI gets to the point"}, {"start": "00:44:41", "end": "00:44:44", "text": "where it really can understand humor and"}, {"start": "00:44:43", "end": "00:44:46", "text": "conversation,"}, {"start": "00:44:44", "end": "00:44:47", "text": ">> you're not going to get like a wild"}, {"start": "00:44:46", "end": "00:44:48", "text": "moment. The AI is never going to be"}, {"start": "00:44:47", "end": "00:44:50", "text": "like, \"All right, now let me say"}, {"start": "00:44:48", "end": "00:44:52", "text": "something crazy and controversial to go"}, {"start": "00:44:50", "end": "00:44:54", "text": "viral.\" Like, that has to be a human"}, {"start": "00:44:52", "end": "00:44:55", "text": "like, \"Oh, I [�__�] up. I should have"}, {"start": "00:44:54", "end": "00:44:57", "text": "said that.\" And that's why we like live"}, {"start": "00:44:55", "end": "00:44:59", "text": "and that's why we like authentic"}, {"start": "00:44:57", "end": "00:45:00", "text": "content. I don't think it can do that"}, {"start": "00:44:59", "end": "00:45:02", "text": "yet, but I don't know. Who knows?"}, {"start": "00:45:00", "end": "00:45:04", "text": ">> So, from all these things like uh we"}, {"start": "00:45:02", "end": "00:45:06", "text": "talk about housing, we talk about like"}, {"start": "00:45:04", "end": "00:45:09", "text": "all the technology, what AI can do and"}, {"start": "00:45:06", "end": "00:45:10", "text": "can't do. Uh humanoid robots, I think,"}, {"start": "00:45:09", "end": "00:45:11", "text": "is like what?"}, {"start": "00:45:10", "end": "00:45:12", "text": ">> Sign me up."}, {"start": "00:45:11", "end": "00:45:14", "text": ">> You're in."}, {"start": "00:45:12", "end": "00:45:16", "text": ">> Give me that Jetson's life. What was her"}, {"start": "00:45:14", "end": "00:45:16", "text": "name? Betty. that little like the I saw"}, {"start": "00:45:16", "end": "00:45:18", "text": "some"}, {"start": "00:45:16", "end": "00:45:20", "text": ">> Would you put one in your house?"}, {"start": "00:45:18", "end": "00:45:23", "text": ">> I I jokingly say I would and I'm like"}, {"start": "00:45:20", "end": "00:45:24", "text": "lazy enough and hate like housework"}, {"start": "00:45:23", "end": "00:45:26", "text": "enough that if you told me like this"}, {"start": "00:45:24", "end": "00:45:28", "text": "thing can do your dishes and like vacuum"}, {"start": "00:45:26", "end": "00:45:29", "text": "the floor, I'd be like I'll do that. But"}, {"start": "00:45:28", "end": "00:45:30", "text": "then I think about like the flock"}, {"start": "00:45:29", "end": "00:45:32", "text": "cameras and everything we were"}, {"start": "00:45:30", "end": "00:45:33", "text": "discussing where it's like that thing"}, {"start": "00:45:32", "end": "00:45:34", "text": "will be hacked and spying on you in 2"}, {"start": "00:45:33", "end": "00:45:36", "text": "seconds."}, {"start": "00:45:34", "end": "00:45:37", "text": ">> Do you have like an Amazon or Alexa or"}, {"start": "00:45:36", "end": "00:45:39", "text": "anything like that?"}, {"start": "00:45:37", "end": "00:45:41", "text": ">> I don't I I think my TV has it like"}, {"start": "00:45:39", "end": "00:45:43", "text": "enabled, but I don't I don't use that. I"}, {"start": "00:45:41", "end": "00:45:44", "text": "don't I don't uh I don't use any of"}, {"start": "00:45:43", "end": "00:45:46", "text": "that. What about the like a cleaning"}, {"start": "00:45:44", "end": "00:45:47", "text": "robot? Uh Roomba like a Roomba."}, {"start": "00:45:46", "end": "00:45:48", "text": ">> I don't have one, but I would."}, {"start": "00:45:47", "end": "00:45:49", "text": ">> You would?"}, {"start": "00:45:48", "end": "00:45:51", "text": ">> But I guess when you start to think that"}, {"start": "00:45:49", "end": "00:45:52", "text": "like anything's hackable. I don't know."}, {"start": "00:45:51", "end": "00:45:55", "text": ">> Well, what's room going to do?"}, {"start": "00:45:52", "end": "00:45:56", "text": ">> I don't know. Bite your ankle. Like"}, {"start": "00:45:55", "end": "00:45:58", "text": "chase you around. It's listening or"}, {"start": "00:45:56", "end": "00:45:58", "text": "something. I'm giving out my secrets. I"}, {"start": "00:45:58", "end": "00:46:00", "text": "don't know."}, {"start": "00:45:58", "end": "00:46:01", "text": ">> Yeah. But like that's the thing, right?"}, {"start": "00:46:00", "end": "00:46:02", "text": "It's like there's a lot of people who"}, {"start": "00:46:01", "end": "00:46:04", "text": "have the Alexexas and there's a lot of"}, {"start": "00:46:02", "end": "00:46:06", "text": "people who have like the Roombas orics"}, {"start": "00:46:04", "end": "00:46:08", "text": "or whatever. So like isn't the humanoid"}, {"start": "00:46:06", "end": "00:46:08", "text": "kind of just like I mean Yeah. Sure."}, {"start": "00:46:08", "end": "00:46:09", "text": "It's got arms."}, {"start": "00:46:08", "end": "00:46:12", "text": ">> And that's what I'm saying. Like when"}, {"start": "00:46:09", "end": "00:46:14", "text": "when Roomba came out, we weren't like,"}, {"start": "00:46:12", "end": "00:46:15", "text": "\"This is crazy. Stop.\" No, people were"}, {"start": "00:46:14", "end": "00:46:18", "text": "like, \"Clean my house.\""}, {"start": "00:46:15", "end": "00:46:19", "text": ">> Right. And so, but now, you know, maybe"}, {"start": "00:46:18", "end": "00:46:20", "text": "me and you are a little uncomfortable"}, {"start": "00:46:19", "end": "00:46:22", "text": "with like this human thing walking"}, {"start": "00:46:20", "end": "00:46:23", "text": "around. But again, that's a small"}, {"start": "00:46:22", "end": "00:46:26", "text": "generation. We're going to kick the"}, {"start": "00:46:23", "end": "00:46:27", "text": "bucket and then the people who were grow"}, {"start": "00:46:26", "end": "00:46:29", "text": "raised in a world where there's"}, {"start": "00:46:27", "end": "00:46:29", "text": "humanoids in your house, it's just"}, {"start": "00:46:29", "end": "00:46:31", "text": "[�__�] normal."}, {"start": "00:46:29", "end": "00:46:33", "text": ">> Yeah, it's normal. I saw um there's a uh"}, {"start": "00:46:31", "end": "00:46:34", "text": "like Roomba competitor, I think it's"}, {"start": "00:46:33", "end": "00:46:37", "text": "called Madic, if I remember correctly."}, {"start": "00:46:34", "end": "00:46:40", "text": "And I saw that uh when uh when you get"}, {"start": "00:46:37", "end": "00:46:42", "text": "one, they send stickers,"}, {"start": "00:46:40", "end": "00:46:43", "text": "but the stickers make it you can put it"}, {"start": "00:46:42", "end": "00:46:46", "text": "on in certain places and it makes it"}, {"start": "00:46:43", "end": "00:46:48", "text": "look like it's a dog."}, {"start": "00:46:46", "end": "00:46:49", "text": ">> Man, we're getting weird, dude. Think I"}, {"start": "00:46:48", "end": "00:46:50", "text": "think about this all the time. What do"}, {"start": "00:46:49", "end": "00:46:51", "text": "you What do you"}, {"start": "00:46:50", "end": "00:46:52", "text": ">> By the way, if they send the stickers,"}, {"start": "00:46:51", "end": "00:46:54", "text": "you got to put them on, right?"}, {"start": "00:46:52", "end": "00:46:58", "text": ">> Of course. Got to have a robot dog. What"}, {"start": "00:46:54", "end": "00:47:00", "text": "do you think is going on right now that"}, {"start": "00:46:58", "end": "00:47:02", "text": "we will look back on? Society will look"}, {"start": "00:47:00", "end": "00:47:04", "text": "back on us thinking like they were so"}, {"start": "00:47:02", "end": "00:47:05", "text": "stupid. They, you know, when when we"}, {"start": "00:47:04", "end": "00:47:07", "text": "were like, can you believe they used to"}, {"start": "00:47:05", "end": "00:47:07", "text": "think that the earth was the center of"}, {"start": "00:47:07", "end": "00:47:08", "text": "the universe?"}, {"start": "00:47:07", "end": "00:47:10", "text": ">> Oh, yeah. Yeah."}, {"start": "00:47:08", "end": "00:47:12", "text": ">> Like there's something going on right"}, {"start": "00:47:10", "end": "00:47:14", "text": "now that we all think as logical,"}, {"start": "00:47:12", "end": "00:47:15", "text": "intelligent people, like this is 100%"}, {"start": "00:47:14", "end": "00:47:16", "text": "the case."}, {"start": "00:47:15", "end": "00:47:16", "text": ">> That's going to be fake. A bunch of"}, {"start": "00:47:16", "end": "00:47:17", "text": "stuff."}, {"start": "00:47:16", "end": "00:47:18", "text": ">> What do you think? What do you think"}, {"start": "00:47:17", "end": "00:47:20", "text": "like the main?"}, {"start": "00:47:18", "end": "00:47:22", "text": ">> One of the big ones is they let humans"}, {"start": "00:47:20", "end": "00:47:23", "text": "be the doctors"}, {"start": "00:47:22", "end": "00:47:25", "text": ">> or or the drivers too. When people"}, {"start": "00:47:23", "end": "00:47:26", "text": "you're going to let the robots drive the"}, {"start": "00:47:25", "end": "00:47:27", "text": "car, they're going to go you let the"}, {"start": "00:47:26", "end": "00:47:30", "text": "humans"}, {"start": "00:47:27", "end": "00:47:31", "text": ">> drive, you know, a 5,000lb vehicle, 100"}, {"start": "00:47:30", "end": "00:47:33", "text": "mile. What do you"}, {"start": "00:47:31", "end": "00:47:34", "text": ">> while they're texting and doing this,"}, {"start": "00:47:33", "end": "00:47:36", "text": "you know, whatever, right? So, like like"}, {"start": "00:47:34", "end": "00:47:38", "text": "that. Uh the doctors um"}, {"start": "00:47:36", "end": "00:47:39", "text": ">> you should do surgery with your hands"}, {"start": "00:47:38", "end": "00:47:42", "text": "instead of lasers."}, {"start": "00:47:39", "end": "00:47:47", "text": ">> Have I not told you the story of uh I"}, {"start": "00:47:42", "end": "00:47:49", "text": "have uh uh two young twin boys and uh"}, {"start": "00:47:47", "end": "00:47:52", "text": "they would probably still be here"}, {"start": "00:47:49", "end": "00:47:54", "text": "without AI, but there's a very good"}, {"start": "00:47:52", "end": "00:47:57", "text": "chance that there could have been a"}, {"start": "00:47:54", "end": "00:47:58", "text": "different decision. Um"}, {"start": "00:47:57", "end": "00:48:01", "text": ">> my my wife set up"}, {"start": "00:47:58", "end": "00:48:03", "text": ">> my wife was pregnant. Uh we knew that it"}, {"start": "00:48:01", "end": "00:48:06", "text": "was twins, but she goes to get checked"}, {"start": "00:48:03", "end": "00:48:08", "text": "and uh they do the scan and I'm there"}, {"start": "00:48:06", "end": "00:48:10", "text": "and the doctor uh you know it's like"}, {"start": "00:48:08", "end": "00:48:11", "text": "dark in the room. She puts down the"}, {"start": "00:48:10", "end": "00:48:12", "text": "scanner, she turns on the lights and she"}, {"start": "00:48:11", "end": "00:48:15", "text": "sits down. She says, \"We need to have a"}, {"start": "00:48:12", "end": "00:48:17", "text": "conversation.\" And I'm like, \"Oh, here"}, {"start": "00:48:15", "end": "00:48:18", "text": "we go.\" Right?"}, {"start": "00:48:17", "end": "00:48:19", "text": "What do we need to have a conversation"}, {"start": "00:48:18", "end": "00:48:23", "text": "about? And she's basically like, \"All"}, {"start": "00:48:19", "end": "00:48:26", "text": "right, so you have twins. There is no uh"}, {"start": "00:48:23", "end": "00:48:28", "text": "membrane wall between the twins. So,"}, {"start": "00:48:26", "end": "00:48:28", "text": "they're in the same like sack."}, {"start": "00:48:28", "end": "00:48:30", "text": ">> Mhm."}, {"start": "00:48:28", "end": "00:48:32", "text": ">> And there's one placenta. I'm not a"}, {"start": "00:48:30", "end": "00:48:34", "text": "doctor. I don't know [�__�] about babies"}, {"start": "00:48:32", "end": "00:48:37", "text": "other than She then says, \"This is about"}, {"start": "00:48:34", "end": "00:48:38", "text": "the highest risk twin situation that we"}, {"start": "00:48:37", "end": "00:48:38", "text": "could have.\""}, {"start": "00:48:38", "end": "00:48:39", "text": ">> Right."}, {"start": "00:48:38", "end": "00:48:40", "text": ">> That doesn't sound great."}, {"start": "00:48:39", "end": "00:48:41", "text": ">> Great news. Yeah."}, {"start": "00:48:40", "end": "00:48:43", "text": ">> So, I immediately, you know, I'm a"}, {"start": "00:48:41", "end": "00:48:44", "text": "problem solver. I go to like, \"So,"}, {"start": "00:48:43", "end": "00:48:45", "text": "what's the solution?\" Right. She goes,"}, {"start": "00:48:44", "end": "00:48:47", "text": ">> \"Get another membrane in there.\""}, {"start": "00:48:45", "end": "00:48:50", "text": ">> So, she's like,"}, {"start": "00:48:47", "end": "00:48:51", "text": ">> \"Pretty much almost everybody who's in"}, {"start": "00:48:50", "end": "00:48:53", "text": "this situation would terminate the"}, {"start": "00:48:51", "end": "00:48:55", "text": "pregnancy.\""}, {"start": "00:48:53", "end": "00:48:57", "text": "You My wife is just like, you know,"}, {"start": "00:48:55", "end": "00:48:59", "text": "distraught and all stuff whatever right"}, {"start": "00:48:57", "end": "00:49:01", "text": "and it was like it was the first scan so"}, {"start": "00:48:59", "end": "00:49:02", "text": "like that's supposed to be you know this"}, {"start": "00:49:01", "end": "00:49:04", "text": "like great memory and like all right"}, {"start": "00:49:02", "end": "00:49:06", "text": "especially for her"}, {"start": "00:49:04", "end": "00:49:07", "text": ">> and so we leave"}, {"start": "00:49:06", "end": "00:49:09", "text": ">> oh I'm like I don't even know what"}, {"start": "00:49:07", "end": "00:49:11", "text": "conversation to have you know I'm trying"}, {"start": "00:49:09", "end": "00:49:13", "text": "to console her all this stuff whatever"}, {"start": "00:49:11", "end": "00:49:14", "text": ">> so when you leave the scan for anyone"}, {"start": "00:49:13", "end": "00:49:16", "text": "who hasn't had a kid before they give"}, {"start": "00:49:14", "end": "00:49:17", "text": "you the like sonogram or whatever like"}, {"start": "00:49:16", "end": "00:49:21", "text": "pictures"}, {"start": "00:49:17", "end": "00:49:24", "text": ">> and so uh my wife takes it and she takes"}, {"start": "00:49:21", "end": "00:49:25", "text": "a picture she puts it in chat GPT and"}, {"start": "00:49:24", "end": "00:49:27", "text": "she says says, \"The doctor told me blah"}, {"start": "00:49:25", "end": "00:49:28", "text": "blah blah whatever."}, {"start": "00:49:27", "end": "00:49:32", "text": ">> What do you see?\""}, {"start": "00:49:28", "end": "00:49:32", "text": ">> And Chad GBT comes back and says, \"No,"}, {"start": "00:49:32", "end": "00:49:34", "text": "looks fine."}, {"start": "00:49:32", "end": "00:49:36", "text": ">> There's only one placenta, but the"}, {"start": "00:49:34", "end": "00:49:37", "text": "membrane wall is like in between the two"}, {"start": "00:49:36", "end": "00:49:38", "text": "babies.\""}, {"start": "00:49:37", "end": "00:49:39", "text": ">> Because like there was like definitely"}, {"start": "00:49:38", "end": "00:49:40", "text": "like"}, {"start": "00:49:39", "end": "00:49:42", "text": ">> I'm not a doctor, but like I don't know."}, {"start": "00:49:40", "end": "00:49:45", "text": "There's like a line like what's the"}, {"start": "00:49:42", "end": "00:49:48", "text": "line? And so my wife then takes it, she"}, {"start": "00:49:45", "end": "00:49:50", "text": "circles and draws an arrow to the thing"}, {"start": "00:49:48", "end": "00:49:51", "text": "and uploads it back into like the doctor"}, {"start": "00:49:50", "end": "00:49:53", "text": "portal and is like, \"Hey, just out of"}, {"start": "00:49:51", "end": "00:49:55", "text": "personal curiosity like what's this"}, {"start": "00:49:53", "end": "00:49:58", "text": ">> before I go?\""}, {"start": "00:49:55", "end": "00:50:00", "text": ">> Like right. And so um the doctor calls"}, {"start": "00:49:58", "end": "00:50:02", "text": "her and basically is like, \"I'm so"}, {"start": "00:50:00", "end": "00:50:04", "text": "sorry. I must have been distracted. I"}, {"start": "00:50:02", "end": "00:50:05", "text": "don't know what I was looking at"}, {"start": "00:50:04", "end": "00:50:07", "text": "whatever.\" Like yes, that is the memory."}, {"start": "00:50:05", "end": "00:50:09", "text": "Oh, thank God. It's still, you know, a"}, {"start": "00:50:07", "end": "00:50:10", "text": "higher risk, but it's not as risky as,"}, {"start": "00:50:09", "end": "00:50:11", "text": "you know, if that wasn't there,"}, {"start": "00:50:10", "end": "00:50:12", "text": "whatever."}, {"start": "00:50:11", "end": "00:50:13", "text": "And I was like,"}, {"start": "00:50:12", "end": "00:50:14", "text": ">> \"So, first of all,"}, {"start": "00:50:13", "end": "00:50:17", "text": ">> big mistake.\""}, {"start": "00:50:14", "end": "00:50:19", "text": ">> First of all, you are not the doctor"}, {"start": "00:50:17", "end": "00:50:20", "text": "anymore. Malpractice, you're out. We're"}, {"start": "00:50:19", "end": "00:50:21", "text": "the doctor for anybody."}, {"start": "00:50:20", "end": "00:50:22", "text": ">> We're going to go find a different"}, {"start": "00:50:21", "end": "00:50:24", "text": ">> Could you imagine, man? And you would"}, {"start": "00:50:22", "end": "00:50:25", "text": "have never even known cuz you would have"}, {"start": "00:50:24", "end": "00:50:26", "text": "like never followed up. You probably"}, {"start": "00:50:25", "end": "00:50:27", "text": "would have just had that."}, {"start": "00:50:26", "end": "00:50:28", "text": ">> And it's always like, you know, you you"}, {"start": "00:50:27", "end": "00:50:30", "text": "don't know what you would have done."}, {"start": "00:50:28", "end": "00:50:31", "text": "Like I think just like morally, right,"}, {"start": "00:50:30", "end": "00:50:32", "text": "we wouldn't have made any different"}, {"start": "00:50:31", "end": "00:50:33", "text": "decision. We've been like, \"Look, we're"}, {"start": "00:50:32", "end": "00:50:35", "text": "going to go forward with this, you know,"}, {"start": "00:50:33", "end": "00:50:36", "text": "and have the babies and like we'll see"}, {"start": "00:50:35", "end": "00:50:38", "text": "what happens, whatever.\" But like"}, {"start": "00:50:36", "end": "00:50:39", "text": ">> I don't know if I I don't know if that'd"}, {"start": "00:50:38", "end": "00:50:42", "text": "be the case for me."}, {"start": "00:50:39", "end": "00:50:43", "text": "But I'm like, \"Wait a minute. A lot of"}, {"start": "00:50:42", "end": "00:50:45", "text": "people are like, \"Oh, AI, this that.\""}, {"start": "00:50:43", "end": "00:50:47", "text": "I'm like, \"No, no, no, dude. Every"}, {"start": "00:50:45", "end": "00:50:48", "text": "single person who goes to the doctor,"}, {"start": "00:50:47", "end": "00:50:49", "text": "you should take whatever the doctor"}, {"start": "00:50:48", "end": "00:50:51", "text": "tells you and feed it into one of these"}, {"start": "00:50:49", "end": "00:50:52", "text": "systems and be like, are they right?\""}, {"start": "00:50:51", "end": "00:50:54", "text": "Right. Cuz you don't know having a bad"}, {"start": "00:50:52", "end": "00:50:57", "text": "day. They're going through their own"}, {"start": "00:50:54", "end": "00:50:58", "text": "trauma. They're drunk. I don't know."}, {"start": "00:50:57", "end": "00:51:01", "text": "Whatever. Like, or they're just dumb or"}, {"start": "00:50:58", "end": "00:51:03", "text": "there's bad. Yeah, there's bad dumb. Yo,"}, {"start": "00:51:01", "end": "00:51:07", "text": "that's that's my biggest problem with"}, {"start": "00:51:03", "end": "00:51:08", "text": "the world is it started when I myself"}, {"start": "00:51:07", "end": "00:51:10", "text": "was working on those as an accountant"}, {"start": "00:51:08", "end": "00:51:11", "text": "and I was like this is some pretty"}, {"start": "00:51:10", "end": "00:51:13", "text": "important stuff and and they're relying"}, {"start": "00:51:11", "end": "00:51:16", "text": "on me a 22-year-old like and I don't"}, {"start": "00:51:13", "end": "00:51:17", "text": "know what I'm doing. Uh and then even"}, {"start": "00:51:16", "end": "00:51:19", "text": "like the the managers and the people who"}, {"start": "00:51:17", "end": "00:51:21", "text": "who I worked with were getting promoted"}, {"start": "00:51:19", "end": "00:51:24", "text": "and people were making partner and I was"}, {"start": "00:51:21", "end": "00:51:24", "text": "like that person's dumb. So I I"}, {"start": "00:51:24", "end": "00:51:26", "text": "witnessed it."}, {"start": "00:51:24", "end": "00:51:28", "text": ">> You play the game well but you are"}, {"start": "00:51:26", "end": "00:51:30", "text": "stupid. I mean, that's how I I was so"}, {"start": "00:51:28", "end": "00:51:31", "text": "bad at my job and and because the"}, {"start": "00:51:30", "end": "00:51:33", "text": "recession was happening, everyone was"}, {"start": "00:51:31", "end": "00:51:34", "text": "getting laid off and I kept making it to"}, {"start": "00:51:33", "end": "00:51:36", "text": "the point that people were kind of"}, {"start": "00:51:34", "end": "00:51:37", "text": "getting mad. They were like, I'm getting"}, {"start": "00:51:36", "end": "00:51:39", "text": "fired, but Kevin's still there."}, {"start": "00:51:37", "end": "00:51:42", "text": ">> And it was cuz I, you know, I could have"}, {"start": "00:51:39", "end": "00:51:44", "text": "a beer and talk with a partner and like"}, {"start": "00:51:42", "end": "00:51:45", "text": ">> so some people got brains, some people,"}, {"start": "00:51:44", "end": "00:51:46", "text": "they know how to work the system. It's"}, {"start": "00:51:45", "end": "00:51:48", "text": "just, you know,"}, {"start": "00:51:46", "end": "00:51:51", "text": ">> different structure, different folks,"}, {"start": "00:51:48", "end": "00:51:55", "text": ">> right? But uh but what I've learned is"}, {"start": "00:51:51", "end": "00:51:56", "text": "like every profession, every job,"}, {"start": "00:51:55", "end": "00:51:58", "text": "there's somebody who's just like snake"}, {"start": "00:51:56", "end": "00:51:59", "text": "it till you make it. I don't really know"}, {"start": "00:51:58", "end": "00:52:01", "text": "what I'm doing. But when you're talking"}, {"start": "00:51:59", "end": "00:52:02", "text": "about doctors and lawyers and some of"}, {"start": "00:52:01", "end": "00:52:04", "text": "the people who have like your life in"}, {"start": "00:52:02", "end": "00:52:06", "text": "their hands, if they're having a snake"}, {"start": "00:52:04", "end": "00:52:08", "text": "it till you make it day, that's that's"}, {"start": "00:52:06", "end": "00:52:11", "text": "it's not acceptable. It's crazy. I I"}, {"start": "00:52:08", "end": "00:52:13", "text": "just like uh I I now am like, \"All"}, {"start": "00:52:11", "end": "00:52:14", "text": "right, this AI stuff, there's a bunch of"}, {"start": "00:52:13", "end": "00:52:16", "text": "probably negative side effects over"}, {"start": "00:52:14", "end": "00:52:17", "text": "time, blah blah blah, whatever.\" Every"}, {"start": "00:52:16", "end": "00:52:19", "text": "single person goes to the doctor. that"}, {"start": "00:52:17", "end": "00:52:21", "text": "happens to you once that erases the"}, {"start": "00:52:19", "end": "00:52:24", "text": "other 10,000 mistakes it might have"}, {"start": "00:52:21", "end": "00:52:25", "text": "made. I also don't have I I"}, {"start": "00:52:24", "end": "00:52:26", "text": ">> I don't know exactly how it works."}, {"start": "00:52:25", "end": "00:52:28", "text": "Sometimes I feel like it's a mirror to"}, {"start": "00:52:26", "end": "00:52:30", "text": "like who's using it cuz when I hear the"}, {"start": "00:52:28", "end": "00:52:32", "text": "stories of it like hallucinating and"}, {"start": "00:52:30", "end": "00:52:33", "text": "saying crazy things and telling me to"}, {"start": "00:52:32", "end": "00:52:34", "text": "like take my own life and all those wild"}, {"start": "00:52:33", "end": "00:52:35", "text": "extreme"}, {"start": "00:52:34", "end": "00:52:36", "text": ">> what did you say to it?"}, {"start": "00:52:35", "end": "00:52:38", "text": ">> Yeah, that's what I mean. Like I always"}, {"start": "00:52:36", "end": "00:52:40", "text": "have very I just like ask it a question."}, {"start": "00:52:38", "end": "00:52:41", "text": "It gives me an answer and maybe"}, {"start": "00:52:40", "end": "00:52:43", "text": "sometimes I'll question it and they'll"}, {"start": "00:52:41", "end": "00:52:45", "text": "be actually you're right. But I've never"}, {"start": "00:52:43", "end": "00:52:46", "text": "experienced that where so I'm like I"}, {"start": "00:52:45", "end": "00:52:47", "text": "don't know what you guys are putting in"}, {"start": "00:52:46", "end": "00:52:48", "text": "there. I always wonder if somebody's"}, {"start": "00:52:47", "end": "00:52:50", "text": "like, \"It made me run into the wall.\""}, {"start": "00:52:48", "end": "00:52:51", "text": "And then you're like, \"What did you say"}, {"start": "00:52:50", "end": "00:52:52", "text": "to it?\" You're like, \"Tell me to run"}, {"start": "00:52:51", "end": "00:52:53", "text": "into the wall.\""}, {"start": "00:52:52", "end": "00:52:54", "text": ">> Yeah."}, {"start": "00:52:53", "end": "00:52:56", "text": ">> And also at some level, you have to have"}, {"start": "00:52:54", "end": "00:52:57", "text": "your own human brain. It's like the"}, {"start": "00:52:56", "end": "00:52:59", "text": "episode of The Office where they drive"}, {"start": "00:52:57", "end": "00:53:01", "text": "into the lake cuz GPS said so. Like just"}, {"start": "00:52:59", "end": "00:53:02", "text": "cuz a computer says something, you don't"}, {"start": "00:53:01", "end": "00:53:03", "text": "have to stop."}, {"start": "00:53:02", "end": "00:53:05", "text": ">> Yeah."}, {"start": "00:53:03", "end": "00:53:07", "text": ">> Today's episode is brought to you by"}, {"start": "00:53:05", "end": "00:53:08", "text": "BitGet. Do you want to trade US stocks"}, {"start": "00:53:07", "end": "00:53:11", "text": "using crypto but hate thin liquidity and"}, {"start": "00:53:08", "end": "00:53:13", "text": "idle assets? Me too. Bit is officially"}, {"start": "00:53:11", "end": "00:53:15", "text": "launching the stock 2.0 era. Their"}, {"start": "00:53:13", "end": "00:53:17", "text": "compliant reality protocol connects you"}, {"start": "00:53:15", "end": "00:53:19", "text": "directly to real New York Stock Exchange"}, {"start": "00:53:17", "end": "00:53:21", "text": "and NASDAQ liquidity. 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You can use them for"}, {"start": "00:53:38", "end": "00:53:42", "text": "joint margin, spot grids, or copy"}, {"start": "00:53:40", "end": "00:53:44", "text": "trading. and it makes us trading stocks"}, {"start": "00:53:42", "end": "00:53:47", "text": "just as capital efficient as trading"}, {"start": "00:53:44", "end": "00:53:50", "text": "Bitcoin. So step into the 2.0 era today."}, {"start": "00:53:47", "end": "00:53:53", "text": "Visit bitgget.com and upgrade your"}, {"start": "00:53:50", "end": "00:53:56", "text": "portfolio. That's bit t.com."}, {"start": "00:53:53", "end": "00:53:58", "text": "Go upgrade your portfolio today. All"}, {"start": "00:53:56", "end": "00:53:59", "text": "right, guys. Let's talk about something"}, {"start": "00:53:58", "end": "00:54:00", "text": "that's actually moving the needle in"}, {"start": "00:53:59", "end": "00:54:03", "text": "crypto right now, and that's my guys"}, {"start": "00:54:00", "end": "00:54:04", "text": "over at Arch Public. These guys are"}, {"start": "00:54:03", "end": "00:54:06", "text": "killing it. They continue to lead the"}, {"start": "00:54:04", "end": "00:54:07", "text": "way in everything that's got to do with"}, {"start": "00:54:06", "end": "00:54:09", "text": "agentic trading. And everyone knows"}, {"start": "00:54:07", "end": "00:54:11", "text": "this. Nothing else is being talked about"}, {"start": "00:54:09", "end": "00:54:13", "text": "in the market other than let your AI"}, {"start": "00:54:11", "end": "00:54:15", "text": "agents trade whatever asset you want."}, {"start": "00:54:13", "end": "00:54:17", "text": "Now with the addition of Arch AI, the"}, {"start": "00:54:15", "end": "00:54:19", "text": "market wave algorithm and their tax"}, {"start": "00:54:17", "end": "00:54:20", "text": "harvest tool, they have turned this into"}, {"start": "00:54:19", "end": "00:54:23", "text": "a true one-stop shop for automated"}, {"start": "00:54:20", "end": "00:54:24", "text": "trading. They have now over 25,000 users"}, {"start": "00:54:23", "end": "00:54:26", "text": "that includes several corporate"}, {"start": "00:54:24", "end": "00:54:28", "text": "treasuries, asset managers, and"}, {"start": "00:54:26", "end": "00:54:31", "text": "businesses. And so the testing phase for"}, {"start": "00:54:28", "end": "00:54:32", "text": "Arch Public is over. They have perfected"}, {"start": "00:54:31", "end": "00:54:34", "text": "how to automate advanced trading"}, {"start": "00:54:32", "end": "00:54:36", "text": "strategies without ever taking custody"}, {"start": "00:54:34", "end": "00:54:38", "text": "or asking you for your private keys."}, {"start": "00:54:36", "end": "00:54:40", "text": "It's a big deal obviously. So, Arch"}, {"start": "00:54:38", "end": "00:54:42", "text": "Public is an action speak louder than"}, {"start": "00:54:40", "end": "00:54:44", "text": "words type company. That's what I like"}, {"start": "00:54:42", "end": "00:54:46", "text": "to see. They give every user access to"}, {"start": "00:54:44", "end": "00:54:48", "text": "their platform absolutely free. You get"}, {"start": "00:54:46", "end": "00:54:50", "text": "to test it. You run the strategies. You"}, {"start": "00:54:48", "end": "00:54:52", "text": "watch the performance in real time. And"}, {"start": "00:54:50", "end": "00:54:54", "text": "then only after all of that do you put"}, {"start": "00:54:52", "end": "00:54:57", "text": "real money in to go put it to work when"}, {"start": "00:54:54", "end": "00:54:58", "text": "you're 100% comfortable. That's it. No"}, {"start": "00:54:57", "end": "00:55:00", "text": "pressure, no hidden fees, no gotchas,"}, {"start": "00:54:58", "end": "00:55:02", "text": "none of that nonsense. Go to"}, {"start": "00:55:00", "end": "00:55:04", "text": "archpubic.com right now and you can get"}, {"start": "00:55:02", "end": "00:55:06", "text": "started for free. Once you see how you"}, {"start": "00:55:04", "end": "00:55:08", "text": "can accumulate and manage crypto this"}, {"start": "00:55:06", "end": "00:55:13", "text": "way, you'll never trade the same again."}, {"start": "00:55:08", "end": "00:55:13", "text": "archpublic.com. Go check them out today."}, {"start": "00:55:13", "end": "00:55:17", "text": ">> The uh so I think that's one is like uh"}, {"start": "00:55:15", "end": "00:55:18", "text": "human drivers, doctors, like that. That"}, {"start": "00:55:17", "end": "00:55:20", "text": "would be a big one. The other one that I"}, {"start": "00:55:18", "end": "00:55:22", "text": "think is uh going to be pretty"}, {"start": "00:55:20", "end": "00:55:23", "text": "interesting is that uh we used to have"}, {"start": "00:55:22", "end": "00:55:24", "text": "the phones"}, {"start": "00:55:23", "end": "00:55:26", "text": ">> because I think that at some point"}, {"start": "00:55:24", "end": "00:55:26", "text": "they're just going to be embedded in"}, {"start": "00:55:26", "end": "00:55:28", "text": "your brain."}, {"start": "00:55:26", "end": "00:55:28", "text": ">> Mhm. Used to have to carry a thing"}, {"start": "00:55:28", "end": "00:55:31", "text": "around."}, {"start": "00:55:28", "end": "00:55:33", "text": ">> Yeah. like like this whole idea of it"}, {"start": "00:55:31", "end": "00:55:35", "text": "used to be outside of whether it's"}, {"start": "00:55:33", "end": "00:55:36", "text": "computer cuz like we see all the glasses"}, {"start": "00:55:35", "end": "00:55:37", "text": "now."}, {"start": "00:55:36", "end": "00:55:40", "text": ">> Yep."}, {"start": "00:55:37", "end": "00:55:42", "text": ">> We see uh here's a crazy stat for you. I"}, {"start": "00:55:40", "end": "00:55:44", "text": "saw online that Neurolink, you know,"}, {"start": "00:55:42", "end": "00:55:46", "text": "Elon's like brain computer interface"}, {"start": "00:55:44", "end": "00:55:49", "text": "thing. They've implanted it in 26"}, {"start": "00:55:46", "end": "00:55:49", "text": "people. I thought we were on like number"}, {"start": "00:55:49", "end": "00:55:51", "text": "two."}, {"start": "00:55:49", "end": "00:55:53", "text": ">> Yeah. And how come we haven't heard like"}, {"start": "00:55:51", "end": "00:55:54", "text": "from them or hopeully hopefully it's not"}, {"start": "00:55:53", "end": "00:55:57", "text": "cuz they went bad, right? But like we're"}, {"start": "00:55:54", "end": "00:55:58", "text": "on the 26th person. That's a way bigger"}, {"start": "00:55:57", "end": "00:55:59", "text": "number than I thought. should be I mean"}, {"start": "00:55:58", "end": "00:56:01", "text": "I'm sure they're not going to document"}, {"start": "00:55:59", "end": "00:56:02", "text": "it until they know it's all good but"}, {"start": "00:56:01", "end": "00:56:04", "text": "imagine if there was an account that was"}, {"start": "00:56:02", "end": "00:56:05", "text": "just like follow me the first neural"}, {"start": "00:56:04", "end": "00:56:08", "text": "linked human"}, {"start": "00:56:05", "end": "00:56:10", "text": ">> there is one [�__�] out of that and he's"}, {"start": "00:56:08", "end": "00:56:11", "text": "just talking about how it works"}, {"start": "00:56:10", "end": "00:56:13", "text": ">> yeah I forget what he posts but like"}, {"start": "00:56:11", "end": "00:56:14", "text": "there's the the one guy who is the first"}, {"start": "00:56:13", "end": "00:56:16", "text": "one he's definitely been like doing"}, {"start": "00:56:14", "end": "00:56:18", "text": "media and stuff but the one I saw the"}, {"start": "00:56:16", "end": "00:56:22", "text": "clip I saw was the 26th person cuz like"}, {"start": "00:56:18", "end": "00:56:23", "text": "here here's a good question um how many"}, {"start": "00:56:22", "end": "00:56:25", "text": "people have to have the neural link"}, {"start": "00:56:23", "end": "00:56:27", "text": "implanted in their brain"}, {"start": "00:56:25", "end": "00:56:28", "text": ">> safely and then you're like final and"}, {"start": "00:56:27", "end": "00:56:31", "text": "I'll do it."}, {"start": "00:56:28", "end": "00:56:32", "text": ">> I think it's got to I don't know if"}, {"start": "00:56:31", "end": "00:56:34", "text": ">> I don't know if I'd do it."}, {"start": "00:56:32", "end": "00:56:37", "text": ">> Like if a million people I think"}, {"start": "00:56:34", "end": "00:56:38", "text": ">> and they were like you you will be"}, {"start": "00:56:37", "end": "00:56:40", "text": "smarter, you'll make more money, you'll"}, {"start": "00:56:38", "end": "00:56:41", "text": "do all these things. A million other"}, {"start": "00:56:40", "end": "00:56:42", "text": "people have done it and it's all been"}, {"start": "00:56:41", "end": "00:56:43", "text": "safe."}, {"start": "00:56:42", "end": "00:56:44", "text": ">> Have you seen this show Plurbus?"}, {"start": "00:56:43", "end": "00:56:45", "text": ">> No."}, {"start": "00:56:44", "end": "00:56:47", "text": ">> It's it's Vince Gilligan from Breaking"}, {"start": "00:56:45", "end": "00:56:49", "text": "Bad's new show. And that this is"}, {"start": "00:56:47", "end": "00:56:51", "text": "basically the plot is uh it's it's"}, {"start": "00:56:49", "end": "00:56:54", "text": "either I don't think we really know. I"}, {"start": "00:56:51", "end": "00:56:56", "text": "think it's like an alien guy collective"}, {"start": "00:56:54", "end": "00:56:59", "text": "comes down and there's like a they"}, {"start": "00:56:56", "end": "00:57:01", "text": "basically put out a virus that uh makes"}, {"start": "00:56:59", "end": "00:57:03", "text": "you join this hive mind and there's 11"}, {"start": "00:57:01", "end": "00:57:05", "text": "people on the planet left that didn't it"}, {"start": "00:57:03", "end": "00:57:09", "text": "just didn't work for them and the people"}, {"start": "00:57:05", "end": "00:57:12", "text": "who have this new you know whatever are"}, {"start": "00:57:09", "end": "00:57:14", "text": "like this is amazing like it's great we"}, {"start": "00:57:12", "end": "00:57:17", "text": "live in peace and paradise we all like"}, {"start": "00:57:14", "end": "00:57:19", "text": "work for each other but help each other"}, {"start": "00:57:17", "end": "00:57:21", "text": "uh you and and so they're working on"}, {"start": "00:57:19", "end": "00:57:22", "text": "like how can we figure out how we don't"}, {"start": "00:57:21", "end": "00:57:24", "text": "want to leave the other 11 behind. We"}, {"start": "00:57:22", "end": "00:57:26", "text": "want you to join the hive."}, {"start": "00:57:24", "end": "00:57:28", "text": ">> And the main character, the prot"}, {"start": "00:57:26", "end": "00:57:29", "text": "protagonist is like fighting for human,"}, {"start": "00:57:28", "end": "00:57:31", "text": "you know, it's it's actually a little on"}, {"start": "00:57:29", "end": "00:57:33", "text": "the nose with like AI versus humanity"}, {"start": "00:57:31", "end": "00:57:35", "text": "the whole show. But she's like, I'm not"}, {"start": "00:57:33", "end": "00:57:38", "text": "doing it. And she has she's talking to"}, {"start": "00:57:35", "end": "00:57:40", "text": "her wife who is now a part of the hive."}, {"start": "00:57:38", "end": "00:57:42", "text": "And she's like, please like come with"}, {"start": "00:57:40", "end": "00:57:44", "text": "us. It's your wife saying this to you."}, {"start": "00:57:42", "end": "00:57:47", "text": "And but it's not cuz it's not her brain,"}, {"start": "00:57:44", "end": "00:57:48", "text": "you know? And so she these characters,"}, {"start": "00:57:47", "end": "00:57:50", "text": "these like 11 people like dig their"}, {"start": "00:57:48", "end": "00:57:52", "text": "heels in. It's like billions and they're"}, {"start": "00:57:50", "end": "00:57:54", "text": "the last ones standing. And I I"}, {"start": "00:57:52", "end": "00:57:55", "text": "everybody who watches the show, I ask"}, {"start": "00:57:54", "end": "00:57:57", "text": "them, \"Would you join or not?\" And it's"}, {"start": "00:57:55", "end": "00:57:59", "text": "like"}, {"start": "00:57:57", "end": "00:58:01", "text": "I'd like to think I would be like, \"No,"}, {"start": "00:57:59", "end": "00:58:03", "text": "I got to keep my humanity.\" But if I'm"}, {"start": "00:58:01", "end": "00:58:05", "text": "if I'm one of the last ones left, I'm"}, {"start": "00:58:03", "end": "00:58:07", "text": "jumping off the bridge, too. But if but"}, {"start": "00:58:05", "end": "00:58:08", "text": "if it's like"}, {"start": "00:58:07", "end": "00:58:09", "text": "not the whole world and like there's"}, {"start": "00:58:08", "end": "00:58:10", "text": "plenty of"}, {"start": "00:58:09", "end": "00:58:11", "text": ">> That's what I'm saying. A million like I"}, {"start": "00:58:10", "end": "00:58:14", "text": "always go to like if a million people"}, {"start": "00:58:11", "end": "00:58:15", "text": "have done it safely, would you do it? I"}, {"start": "00:58:14", "end": "00:58:16", "text": "don't know. I don't know if"}, {"start": "00:58:15", "end": "00:58:18", "text": ">> it's almost more to me, is everyone in"}, {"start": "00:58:16", "end": "00:58:20", "text": "my circle doing it? I don't care if a"}, {"start": "00:58:18", "end": "00:58:22", "text": "million people who I never like but if"}, {"start": "00:58:20", "end": "00:58:24", "text": "it's like my whole life is going to be"}, {"start": "00:58:22", "end": "00:58:26", "text": "this way and I'm the only one not"}, {"start": "00:58:24", "end": "00:58:27", "text": ">> I I would probably do it out of like I"}, {"start": "00:58:26", "end": "00:58:29", "text": "don't want to be the pain in the ass"}, {"start": "00:58:27", "end": "00:58:32", "text": "who's ruining it for the group."}, {"start": "00:58:29", "end": "00:58:33", "text": ">> I'm so non-confrontational that I'm just"}, {"start": "00:58:32", "end": "00:58:34", "text": ">> Yeah. Give me a You guys all got"}, {"start": "00:58:33", "end": "00:58:36", "text": "lobotoies. Do it to me too. I don't want"}, {"start": "00:58:34", "end": "00:58:38", "text": "to be the odd man out. But that is a"}, {"start": "00:58:36", "end": "00:58:40", "text": "great question cuz it's"}, {"start": "00:58:38", "end": "00:58:43", "text": ">> you know what is the tipping point? And"}, {"start": "00:58:40", "end": "00:58:46", "text": "if someone says no no to a million 1.5"}, {"start": "00:58:43", "end": "00:58:47", "text": "2.5 does it have to be 20? Well if it's"}, {"start": "00:58:46", "end": "00:58:48", "text": "20 why not 19 million? what you know"}, {"start": "00:58:47", "end": "00:58:50", "text": "it's like"}, {"start": "00:58:48", "end": "00:58:53", "text": ">> or imagine now okay you go to high"}, {"start": "00:58:50", "end": "00:58:53", "text": "school you're competing against kids who"}, {"start": "00:58:53", "end": "00:58:55", "text": "have it"}, {"start": "00:58:53", "end": "00:58:57", "text": ">> and yeah you're"}, {"start": "00:58:55", "end": "00:58:59", "text": ">> did you have you seen this yet uh"}, {"start": "00:58:57", "end": "00:59:04", "text": "there's been an explosion of parents"}, {"start": "00:58:59", "end": "00:59:06", "text": "giving their uh kind of like uh puberty"}, {"start": "00:59:04", "end": "00:59:08", "text": "age kids HGH"}, {"start": "00:59:06", "end": "00:59:09", "text": ">> when like there's no need for it it's"}, {"start": "00:59:08", "end": "00:59:11", "text": "not like you're medically like"}, {"start": "00:59:09", "end": "00:59:13", "text": ">> they're they're hitting their growth"}, {"start": "00:59:11", "end": "00:59:14", "text": "spurts and there's giving little but and"}, {"start": "00:59:13", "end": "00:59:16", "text": "they're like in some cases doing it with"}, {"start": "00:59:14", "end": "00:59:16", "text": "like doctor supervision all this stuff"}, {"start": "00:59:16", "end": "00:59:19", "text": "and"}, {"start": "00:59:16", "end": "00:59:21", "text": "But it is helps them grow taller,"}, {"start": "00:59:19", "end": "00:59:24", "text": "bigger, athletic advantage, you know,"}, {"start": "00:59:21", "end": "00:59:24", "text": "all this stuff. And you're just like,"}, {"start": "00:59:24", "end": "00:59:26", "text": ">> well, that's probably one of those"}, {"start": "00:59:24", "end": "00:59:28", "text": "things that 500 years from now, they're"}, {"start": "00:59:26", "end": "00:59:29", "text": "going to go, you guys didn't take the"}, {"start": "00:59:28", "end": "00:59:31", "text": "medication that makes you better and"}, {"start": "00:59:29", "end": "00:59:33", "text": "healthier. Or are you out of your mind?"}, {"start": "00:59:31", "end": "00:59:36", "text": ">> Like, it's kind of crazy, right? Like"}, {"start": "00:59:33", "end": "00:59:40", "text": ">> I I think of that as kind of dystopian"}, {"start": "00:59:36", "end": "00:59:42", "text": "and like sci-fi and unfair and but it's"}, {"start": "00:59:40", "end": "00:59:43", "text": "it's like steroids, too. It's, you know,"}, {"start": "00:59:42", "end": "00:59:45", "text": "I remember all the Major League Baseball"}, {"start": "00:59:43", "end": "00:59:46", "text": "players being like, \"Well, I had to do"}, {"start": "00:59:45", "end": "00:59:48", "text": "it to keep up with the guys who were"}, {"start": "00:59:46", "end": "00:59:49", "text": "doing it.\" So, it becomes this rat race."}, {"start": "00:59:48", "end": "00:59:50", "text": ">> Remember when Mark Magguire and them"}, {"start": "00:59:49", "end": "00:59:52", "text": "were like, \"We're not doing it.\""}, {"start": "00:59:50", "end": "00:59:55", "text": ">> Mark Magguire did the smartest thing"}, {"start": "00:59:52", "end": "00:59:57", "text": "ever was he put Andro, which was like a"}, {"start": "00:59:55", "end": "00:59:58", "text": "loud creatine, front and center in his"}, {"start": "00:59:57", "end": "01:00:00", "text": "locker. So, he'd be talking and there'd"}, {"start": "00:59:58", "end": "01:00:02", "text": "be this pub and he'd be like, \"Oh,"}, {"start": "01:00:00", "end": "01:00:03", "text": "that's what I do.\" It was almost like,"}, {"start": "01:00:02", "end": "01:00:04", "text": "\"I'm going to admit to this.\" And, you"}, {"start": "01:00:03", "end": "01:00:06", "text": "know, right behind that are the needles"}, {"start": "01:00:04", "end": "01:00:08", "text": "he's putting in. But,"}, {"start": "01:00:06", "end": "01:00:10", "text": ">> uh, you know, it's it's a fine line."}, {"start": "01:00:08", "end": "01:00:12", "text": "Barry Bonds like the skinny dude and"}, {"start": "01:00:10", "end": "01:00:13", "text": "then he just became this monster"}, {"start": "01:00:12", "end": "01:00:15", "text": "growing."}, {"start": "01:00:13", "end": "01:00:16", "text": ">> But I think about that all the time. If"}, {"start": "01:00:15", "end": "01:00:19", "text": "I was Barry Bonds, they always say Barry"}, {"start": "01:00:16", "end": "01:00:21", "text": "Bonds was a Hall of Famer without it."}, {"start": "01:00:19", "end": "01:00:24", "text": ">> I'm good. But if you're like a prospect"}, {"start": "01:00:21", "end": "01:00:26", "text": "who like might make the league and might"}, {"start": "01:00:24", "end": "01:00:28", "text": "make like a $5 million contract or"}, {"start": "01:00:26", "end": "01:00:29", "text": "you'll flame out and play in like a"}, {"start": "01:00:28", "end": "01:00:30", "text": "Mexican league and then disappear"}, {"start": "01:00:29", "end": "01:00:33", "text": ">> or work at Wendy's,"}, {"start": "01:00:30", "end": "01:00:34", "text": ">> right? Or Yeah. Nothing at all. Like and"}, {"start": "01:00:33", "end": "01:00:35", "text": "then you get caught, you get kicked out,"}, {"start": "01:00:34", "end": "01:00:36", "text": "but you made like 2 million bucks. even"}, {"start": "01:00:35", "end": "01:00:40", "text": "if it's just a couple million bucks,"}, {"start": "01:00:36", "end": "01:00:41", "text": "it's like I don't I don't I don't I"}, {"start": "01:00:40", "end": "01:00:41", "text": "don't think I could stop myself from"}, {"start": "01:00:41", "end": "01:00:43", "text": "that."}, {"start": "01:00:41", "end": "01:00:46", "text": ">> Yeah. That and um I do think that"}, {"start": "01:00:43", "end": "01:00:48", "text": "there's something weird about as people"}, {"start": "01:00:46", "end": "01:00:49", "text": "have gotten to understand this stuff"}, {"start": "01:00:48", "end": "01:00:50", "text": "better. There's obviously like crazy"}, {"start": "01:00:49", "end": "01:00:52", "text": "stuff, whatever. Like, you know, what"}, {"start": "01:00:50", "end": "01:00:54", "text": "scares the hell out of me is uh"}, {"start": "01:00:52", "end": "01:00:54", "text": "psychedelics."}, {"start": "01:00:54", "end": "01:00:56", "text": ">> I I"}, {"start": "01:00:54", "end": "01:00:59", "text": ">> Did you see The Bodybuilder recently"}, {"start": "01:00:56", "end": "01:01:00", "text": "that the 31-year-old uh bodybuilder? So,"}, {"start": "01:00:59", "end": "01:01:02", "text": "there's a 31-year-old kid who's like"}, {"start": "01:01:00", "end": "01:01:04", "text": "very popular online. I'd never heard of"}, {"start": "01:01:02", "end": "01:01:06", "text": "him before, but you know, he had big"}, {"start": "01:01:04", "end": "01:01:10", "text": "accounts and stuff. Um he went to"}, {"start": "01:01:06", "end": "01:01:12", "text": "Thailand and um the report that"}, {"start": "01:01:10", "end": "01:01:14", "text": "initially came out is he drowned in a"}, {"start": "01:01:12", "end": "01:01:16", "text": "lake and then like some more details"}, {"start": "01:01:14", "end": "01:01:17", "text": "come out. You never like 100% know. So"}, {"start": "01:01:16", "end": "01:01:20", "text": "this is all like what people are at"}, {"start": "01:01:17", "end": "01:01:21", "text": "least reporting. Um"}, {"start": "01:01:20", "end": "01:01:23", "text": ">> he like did some sort of video that was"}, {"start": "01:01:21", "end": "01:01:25", "text": "a little deranged. There was reports"}, {"start": "01:01:23", "end": "01:01:28", "text": "that he was acting deranged. Then he"}, {"start": "01:01:25", "end": "01:01:30", "text": "like uh painted like hit the room he was"}, {"start": "01:01:28", "end": "01:01:31", "text": "staying in with like weird stuff. Like"}, {"start": "01:01:30", "end": "01:01:32", "text": "there's like a lot of like odd behavior."}, {"start": "01:01:31", "end": "01:01:35", "text": "Yeah."}, {"start": "01:01:32", "end": "01:01:36", "text": ">> And then he supposedly died,"}, {"start": "01:01:35", "end": "01:01:39", "text": ">> but he like people said they like saw"}, {"start": "01:01:36", "end": "01:01:41", "text": "him like walk into the lake or something"}, {"start": "01:01:39", "end": "01:01:42", "text": ">> and and then was he on uh like"}, {"start": "01:01:41", "end": "01:01:43", "text": "toxicology report showed he was on a"}, {"start": "01:01:42", "end": "01:01:44", "text": "psychedelic or something."}, {"start": "01:01:43", "end": "01:01:45", "text": ">> I don't know if it's a toxicology or"}, {"start": "01:01:44", "end": "01:01:48", "text": "people were like he was on like a"}, {"start": "01:01:45", "end": "01:01:49", "text": "psychedelic uh like like going there for"}, {"start": "01:01:48", "end": "01:01:50", "text": "the I don't know all the detail but just"}, {"start": "01:01:49", "end": "01:01:51", "text": "like"}, {"start": "01:01:50", "end": "01:01:53", "text": ">> I heard enough."}, {"start": "01:01:51", "end": "01:01:54", "text": ">> I I like Luigi."}, {"start": "01:01:53", "end": "01:01:57", "text": ">> But then I've also heard these these"}, {"start": "01:01:54", "end": "01:01:59", "text": "other stories of people who were like I"}, {"start": "01:01:57", "end": "01:02:00", "text": "was an addict for like 20 years and I"}, {"start": "01:01:59", "end": "01:02:02", "text": "took I think both are true."}, {"start": "01:02:00", "end": "01:02:05", "text": ">> Yeah. But but what what always scares me"}, {"start": "01:02:02", "end": "01:02:07", "text": "is it's like it sounds like whatever"}, {"start": "01:02:05", "end": "01:02:09", "text": "headsp space you're in is kind of you"}, {"start": "01:02:07", "end": "01:02:10", "text": "had a bad trip because you're like"}, {"start": "01:02:09", "end": "01:02:12", "text": "stressed and anxious and depressed and"}, {"start": "01:02:10", "end": "01:02:15", "text": "all that, but it sounds like people use"}, {"start": "01:02:12", "end": "01:02:17", "text": "psychedelics to cure those things."}, {"start": "01:02:15", "end": "01:02:20", "text": ">> Well, I I would be worried that all of"}, {"start": "01:02:17", "end": "01:02:21", "text": "my bad things that I'm trying to fix"}, {"start": "01:02:20", "end": "01:02:23", "text": "would then manifest during"}, {"start": "01:02:21", "end": "01:02:26", "text": ">> I always think about if uh if you got a"}, {"start": "01:02:23", "end": "01:02:28", "text": "good thing going, doing it can only"}, {"start": "01:02:26", "end": "01:02:30", "text": "derail you. Right. But I guess if you're"}, {"start": "01:02:28", "end": "01:02:31", "text": "issues Yeah. If you got issues, then"}, {"start": "01:02:30", "end": "01:02:33", "text": "it's like, well, the only thing it could"}, {"start": "01:02:31", "end": "01:02:34", "text": "do is help you because you already feel"}, {"start": "01:02:33", "end": "01:02:36", "text": "like you're"}, {"start": "01:02:34", "end": "01:02:38", "text": ">> or I don't know. Or like, you know, you"}, {"start": "01:02:36", "end": "01:02:39", "text": "walk into a lake and dry yourself."}, {"start": "01:02:38", "end": "01:02:41", "text": ">> Yeah. I don't know. There's a lot of"}, {"start": "01:02:39", "end": "01:02:43", "text": "veterans who uh that go and they they"}, {"start": "01:02:41", "end": "01:02:45", "text": "say it helps with the PTSD and stuff"}, {"start": "01:02:43", "end": "01:02:47", "text": "like that. So like I it's why like it"}, {"start": "01:02:45", "end": "01:02:49", "text": "scares me because it almost feels like"}, {"start": "01:02:47", "end": "01:02:52", "text": "it's a little bit of a lottery. Now I"}, {"start": "01:02:49", "end": "01:02:53", "text": "have a friend Christian Augger Meyer who"}, {"start": "01:02:52", "end": "01:02:55", "text": "um is is very involved in the"}, {"start": "01:02:53", "end": "01:02:58", "text": "psychedelic space. He's got a public"}, {"start": "01:02:55", "end": "01:03:00", "text": "company, all this stuff. Um, and uh, I"}, {"start": "01:02:58", "end": "01:03:03", "text": "think it if he was here, he would say,"}, {"start": "01:03:00", "end": "01:03:05", "text": "well, the bad trips or whatever happen"}, {"start": "01:03:03", "end": "01:03:05", "text": "because people are like irresponsible."}, {"start": "01:03:05", "end": "01:03:06", "text": ">> Yeah. Not taking"}, {"start": "01:03:05", "end": "01:03:08", "text": ">> no different than like, you know,"}, {"start": "01:03:06", "end": "01:03:09", "text": "alcohol is fine, but if you Yeah, you"}, {"start": "01:03:08", "end": "01:03:12", "text": "can kill yourself if you drink too much,"}, {"start": "01:03:09", "end": "01:03:14", "text": "right? Um, but still like that's one of"}, {"start": "01:03:12", "end": "01:03:16", "text": "those things where I know I don't know"}, {"start": "01:03:14", "end": "01:03:19", "text": "enough and so it scares me. Same way"}, {"start": "01:03:16", "end": "01:03:22", "text": "that like the Neurolink a million people"}, {"start": "01:03:19", "end": "01:03:24", "text": "that I always use that as like h I'd get"}, {"start": "01:03:22", "end": "01:03:26", "text": "interested. But but is it do you want"}, {"start": "01:03:24", "end": "01:03:28", "text": "Neuralink and you're just afraid?"}, {"start": "01:03:26", "end": "01:03:29", "text": ">> Imagine. Yeah. See, I don't I go back"}, {"start": "01:03:28", "end": "01:03:30", "text": "and forth, too, cuz there are times I"}, {"start": "01:03:29", "end": "01:03:32", "text": ">> I can't remember the bodybuilder's name."}, {"start": "01:03:30", "end": "01:03:32", "text": "I would know it right away. I'd be like,"}, {"start": "01:03:32", "end": "01:03:34", "text": "bam. Right."}, {"start": "01:03:32", "end": "01:03:36", "text": ">> But also, does that like is that a be"}, {"start": "01:03:34", "end": "01:03:36", "text": "careful what you wish for sort of thing?"}, {"start": "01:03:36", "end": "01:03:38", "text": "You realize"}, {"start": "01:03:36", "end": "01:03:40", "text": ">> they hack my brain, shut me down."}, {"start": "01:03:38", "end": "01:03:43", "text": ">> No, but not even let's say it all works"}, {"start": "01:03:40", "end": "01:03:44", "text": ">> as it's supposed to and it's like you"}, {"start": "01:03:43", "end": "01:03:46", "text": "know everything now. It's like nobody"}, {"start": "01:03:44", "end": "01:03:48", "text": "likes to forget things, but I don't"}, {"start": "01:03:46", "end": "01:03:51", "text": "know. Maybe part of I I'm trying to go"}, {"start": "01:03:48", "end": "01:03:54", "text": "the other way. I want to get dumber. I I"}, {"start": "01:03:51", "end": "01:03:56", "text": "think being ignorant is the best thing"}, {"start": "01:03:54", "end": "01:03:58", "text": "in the world. Ignorance is bliss, baby."}, {"start": "01:03:56", "end": "01:03:59", "text": "These people who who I'm not saying"}, {"start": "01:03:58", "end": "01:04:01", "text": "ignorant in like a hateful or racist"}, {"start": "01:03:59", "end": "01:04:04", "text": "way, but just like"}, {"start": "01:04:01", "end": "01:04:05", "text": ">> I think about everything. I wake up and"}, {"start": "01:04:04", "end": "01:04:06", "text": "my brain is going and I'm like, well,"}, {"start": "01:04:05", "end": "01:04:07", "text": "what about this? And what is this going"}, {"start": "01:04:06", "end": "01:04:08", "text": "to happen to my kids? And if I don't do"}, {"start": "01:04:07", "end": "01:04:10", "text": "this, what about my job?"}, {"start": "01:04:08", "end": "01:04:12", "text": "And I'm always thinking, and maybe"}, {"start": "01:04:10", "end": "01:04:14", "text": "that's partially why I have ambition and"}, {"start": "01:04:12", "end": "01:04:17", "text": "have had some success, but I'm also"}, {"start": "01:04:14", "end": "01:04:19", "text": "like, wouldn't it be nice to just"}, {"start": "01:04:17", "end": "01:04:21", "text": "wake up and be like, I don't know,"}, {"start": "01:04:19", "end": "01:04:25", "text": ">> see what happens today. No big deal."}, {"start": "01:04:21", "end": "01:04:29", "text": ">> So, in um 2022,"}, {"start": "01:04:25", "end": "01:04:32", "text": "um a bunch of business stuff, the whole"}, {"start": "01:04:29", "end": "01:04:33", "text": "market started tanking, crypto, stock, I"}, {"start": "01:04:32", "end": "01:04:35", "text": "mean, just everything. And so, if you"}, {"start": "01:04:33", "end": "01:04:36", "text": "were involved at all in like the finance"}, {"start": "01:04:35", "end": "01:04:38", "text": "world,"}, {"start": "01:04:36", "end": "01:04:40", "text": ">> wasn't fun. Yeah, it wasn't fun. And uh"}, {"start": "01:04:38", "end": "01:04:42", "text": "I remember driving the car one day and"}, {"start": "01:04:40", "end": "01:04:44", "text": "my wife sitting next to me and uh I'm in"}, {"start": "01:04:42", "end": "01:04:46", "text": "the driver's seat and I look out the"}, {"start": "01:04:44", "end": "01:04:48", "text": "window and there was a guy who uh worked"}, {"start": "01:04:46", "end": "01:04:49", "text": "at a landscaping company. And this is"}, {"start": "01:04:48", "end": "01:04:52", "text": "like kind of like one of these like"}, {"start": "01:04:49", "end": "01:04:54", "text": "four-lane, you know, highways that are"}, {"start": "01:04:52", "end": "01:04:58", "text": "uh um"}, {"start": "01:04:54", "end": "01:05:02", "text": ">> and he is edging the uh grass next to"}, {"start": "01:04:58", "end": "01:05:03", "text": "the uh next to like the uh curb. And"}, {"start": "01:05:02", "end": "01:05:05", "text": "he's got like, you know, the orange long"}, {"start": "01:05:03", "end": "01:05:06", "text": "sleeve shirt on. He's got the pants,"}, {"start": "01:05:05", "end": "01:05:07", "text": "he's got the boots, and then he's got"}, {"start": "01:05:06", "end": "01:05:09", "text": "like the hat with the flap in the back"}, {"start": "01:05:07", "end": "01:05:10", "text": "and he's got sunglasses on, right? He's"}, {"start": "01:05:09", "end": "01:05:12", "text": "[�__�] rocking."}, {"start": "01:05:10", "end": "01:05:14", "text": ">> And I was just looking at him and my"}, {"start": "01:05:12", "end": "01:05:16", "text": "wife goes, \"You okay? What are you"}, {"start": "01:05:14", "end": "01:05:18", "text": "doing?\" And I just looked like I'm"}, {"start": "01:05:16", "end": "01:05:20", "text": "jealous of that guy's simple life."}, {"start": "01:05:18", "end": "01:05:22", "text": ">> And he pro he could have had like the"}, {"start": "01:05:20", "end": "01:05:23", "text": "most stressful life ever. His wife hates"}, {"start": "01:05:22", "end": "01:05:26", "text": "him and this and that. Like, but in that"}, {"start": "01:05:23", "end": "01:05:26", "text": "moment, I was like,"}, {"start": "01:05:26", "end": "01:05:28", "text": ">> I don't know, man."}, {"start": "01:05:26", "end": "01:05:30", "text": ">> I've had that exact thought about"}, {"start": "01:05:28", "end": "01:05:32", "text": ">> edging the lawn sounds pretty good right"}, {"start": "01:05:30", "end": "01:05:34", "text": "now. when you see like a construction"}, {"start": "01:05:32", "end": "01:05:36", "text": "crew of guys and they're just kind of"}, {"start": "01:05:34", "end": "01:05:38", "text": "hanging and you know they're digging or"}, {"start": "01:05:36", "end": "01:05:40", "text": "doing something but they're shooting the"}, {"start": "01:05:38", "end": "01:05:41", "text": "[�__�] but also and we see that and it's"}, {"start": "01:05:40", "end": "01:05:43", "text": "amazing and then they're like yeah try"}, {"start": "01:05:41", "end": "01:05:44", "text": "it in February when it's you know 10 10"}, {"start": "01:05:43", "end": "01:05:46", "text": "below and I got to go outside."}, {"start": "01:05:44", "end": "01:05:48", "text": ">> It's funny cuz I did just see a guy on"}, {"start": "01:05:46", "end": "01:05:49", "text": "Instagram he's got a hard hat on. And he"}, {"start": "01:05:48", "end": "01:05:51", "text": "goes, \"Boys, let me tell you. Let me"}, {"start": "01:05:49", "end": "01:05:54", "text": "tell you,"}, {"start": "01:05:51", "end": "01:05:55", "text": ">> whatever you can do, get one of them"}, {"start": "01:05:54", "end": "01:05:56", "text": "desk jobs.\""}, {"start": "01:05:55", "end": "01:05:59", "text": ">> And he's got sweat pouring down his"}, {"start": "01:05:56", "end": "01:06:01", "text": "face. And he puts his heart"}, {"start": "01:05:59", "end": "01:06:03", "text": "like, \"Trust me. Get one of them desk"}, {"start": "01:06:01", "end": "01:06:04", "text": "jobs.\" You know, I I made it through"}, {"start": "01:06:03", "end": "01:06:05", "text": "high school. That was it. Get one of"}, {"start": "01:06:04", "end": "01:06:07", "text": "them desk jobs, boys. All right. I'll"}, {"start": "01:06:05", "end": "01:06:08", "text": "see you later."}, {"start": "01:06:07", "end": "01:06:11", "text": ">> That's the whole video."}, {"start": "01:06:08", "end": "01:06:12", "text": ">> Yeah. I want to do paperwork. So,"}, {"start": "01:06:11", "end": "01:06:13", "text": ">> do you love what you do still?"}, {"start": "01:06:12", "end": "01:06:16", "text": ">> Yeah, of course. But but it's just like"}, {"start": "01:06:13", "end": "01:06:18", "text": "I think that everyone has uh everyone"}, {"start": "01:06:16", "end": "01:06:20", "text": "has days where it's not even that they"}, {"start": "01:06:18", "end": "01:06:22", "text": "don't want to do what they're doing."}, {"start": "01:06:20", "end": "01:06:25", "text": "They always have days of like what if"}, {"start": "01:06:22", "end": "01:06:27", "text": "what if this other day like uh for one"}, {"start": "01:06:25", "end": "01:06:29", "text": "day I could go do something else?"}, {"start": "01:06:27", "end": "01:06:31", "text": ">> Would I enjoy it? Would it be fun?"}, {"start": "01:06:29", "end": "01:06:35", "text": "Whatever. and um the uh the Taylor"}, {"start": "01:06:31", "end": "01:06:38", "text": "Sheridan uh thing he talks about um he"}, {"start": "01:06:35", "end": "01:06:40", "text": "was like on a movie set and uh or he was"}, {"start": "01:06:38", "end": "01:06:43", "text": "on what what's the movie or the uh"}, {"start": "01:06:40", "end": "01:06:44", "text": "episodic TV series uh where they all the"}, {"start": "01:06:43", "end": "01:06:44", "text": "bikers"}, {"start": "01:06:44", "end": "01:06:45", "text": ">> um"}, {"start": "01:06:44", "end": "01:06:47", "text": ">> new one or old one"}, {"start": "01:06:45", "end": "01:06:50", "text": ">> it's an older one Sans of Anarchy so he"}, {"start": "01:06:47", "end": "01:06:51", "text": "was like a not an A-list you know actor"}, {"start": "01:06:50", "end": "01:06:52", "text": "but he was on that show"}, {"start": "01:06:51", "end": "01:06:54", "text": ">> right"}, {"start": "01:06:52", "end": "01:06:56", "text": ">> and basically everyone else he I think"}, {"start": "01:06:54", "end": "01:06:58", "text": "was getting paid like 20k per episode he"}, {"start": "01:06:56", "end": "01:06:59", "text": "was getting paid 15 and his agent was"}, {"start": "01:06:58", "end": "01:07:00", "text": "telling them like you got to pay him"}, {"start": "01:06:59", "end": "01:07:01", "text": "just like everybody else like we ain't"}, {"start": "01:07:00", "end": "01:07:03", "text": "got the money for that. So like he's"}, {"start": "01:07:01", "end": "01:07:05", "text": "getting 15 or whatever. So he pretty"}, {"start": "01:07:03", "end": "01:07:08", "text": "much was like why not and they were like"}, {"start": "01:07:05", "end": "01:07:08", "text": "dude we could fill that role in 5"}, {"start": "01:07:08", "end": "01:07:11", "text": "seconds."}, {"start": "01:07:08", "end": "01:07:11", "text": ">> You are replaceable 20 dudes waiting for"}, {"start": "01:07:11", "end": "01:07:13", "text": "that"}, {"start": "01:07:11", "end": "01:07:15", "text": ">> happy with the 15."}, {"start": "01:07:13", "end": "01:07:16", "text": ">> So he was like oh so he basically I'm"}, {"start": "01:07:15", "end": "01:07:18", "text": "not doing it kind of at a point of pride"}, {"start": "01:07:16", "end": "01:07:19", "text": "and so that's when he was like well"}, {"start": "01:07:18", "end": "01:07:20", "text": "maybe I should go and become a writer"}, {"start": "01:07:19", "end": "01:07:21", "text": "and a producer and he's at this like"}, {"start": "01:07:20", "end": "01:07:22", "text": "stratospheric"}, {"start": "01:07:21", "end": "01:07:24", "text": ">> the right choice Taylor."}, {"start": "01:07:22", "end": "01:07:26", "text": ">> Correct. Right. So, like it worked out"}, {"start": "01:07:24", "end": "01:07:29", "text": "really well for him, but like it takes"}, {"start": "01:07:26", "end": "01:07:32", "text": "some balls to be like, I'm on this path."}, {"start": "01:07:29", "end": "01:07:34", "text": "Like, you're in legit TV shows. You're"}, {"start": "01:07:32", "end": "01:07:36", "text": "[�__�] $15,000 an episode. Would take"}, {"start": "01:07:34", "end": "01:07:38", "text": "two days to record the episode, right?"}, {"start": "01:07:36", "end": "01:07:39", "text": "Like, whatever. Right. Like, you're not"}, {"start": "01:07:38", "end": "01:07:40", "text": "struggling for money."}, {"start": "01:07:39", "end": "01:07:42", "text": ">> Yeah."}, {"start": "01:07:40", "end": "01:07:44", "text": ">> But to still say like this thing's good,"}, {"start": "01:07:42", "end": "01:07:44", "text": "but I want great."}, {"start": "01:07:44", "end": "01:07:45", "text": ">> I love this."}, {"start": "01:07:44", "end": "01:07:48", "text": ">> I also think that's a little bit like"}, {"start": "01:07:45", "end": "01:07:50", "text": "chicken or the egg. It's like I think"}, {"start": "01:07:48", "end": "01:07:52", "text": "the the vast majority of us would be"}, {"start": "01:07:50", "end": "01:07:52", "text": "like 15 grand for two days like I'm just"}, {"start": "01:07:52", "end": "01:07:54", "text": "going to shut my mouth."}, {"start": "01:07:52", "end": "01:07:57", "text": ">> I might do that today."}, {"start": "01:07:54", "end": "01:07:59", "text": ">> But the guy willing to to buck the trend"}, {"start": "01:07:57", "end": "01:08:01", "text": "is also the type of guy who probably"}, {"start": "01:07:59", "end": "01:08:02", "text": "will become Taylor Sheridan. You know"}, {"start": "01:08:01", "end": "01:08:05", "text": "what I mean? So it's like a little bit"}, {"start": "01:08:02", "end": "01:08:07", "text": "in your DNA. If you're even considering"}, {"start": "01:08:05", "end": "01:08:08", "text": "telling the studio to [�__�] off, maybe"}, {"start": "01:08:07", "end": "01:08:10", "text": "follow your gut because that's that"}, {"start": "01:08:08", "end": "01:08:13", "text": "means you're probably one of those guys."}, {"start": "01:08:10", "end": "01:08:16", "text": "I I it's it's so hard to, you know, it's"}, {"start": "01:08:13", "end": "01:08:17", "text": "hard to do those things. take a risk or"}, {"start": "01:08:16", "end": "01:08:18", "text": "you know start your own thing or"}, {"start": "01:08:17", "end": "01:08:21", "text": "whatever. I think about it with"}, {"start": "01:08:18", "end": "01:08:23", "text": "Barcelona all the time like"}, {"start": "01:08:21", "end": "01:08:24", "text": ">> there's like one but you know we've all"}, {"start": "01:08:23", "end": "01:08:27", "text": "done pretty well but it's like there's"}, {"start": "01:08:24", "end": "01:08:28", "text": "probably like maybe you can count on one"}, {"start": "01:08:27", "end": "01:08:30", "text": "hand total the amount of people that if"}, {"start": "01:08:28", "end": "01:08:32", "text": "they were gone Bartow would like cease"}, {"start": "01:08:30", "end": "01:08:34", "text": "to exist otherwise you are you are"}, {"start": "01:08:32", "end": "01:08:35", "text": "replaceable man like there's very few"}, {"start": "01:08:34", "end": "01:08:37", "text": "people in this world who are not"}, {"start": "01:08:35", "end": "01:08:40", "text": "replaceable whether it's a sports team"}, {"start": "01:08:37", "end": "01:08:42", "text": "or a whatever you're doing"}, {"start": "01:08:40", "end": "01:08:43", "text": "don't get it twisted you're not that"}, {"start": "01:08:42", "end": "01:08:44", "text": "special"}, {"start": "01:08:43", "end": "01:08:46", "text": ">> you know what I just remembered I I"}, {"start": "01:08:44", "end": "01:08:48", "text": "can't believe we didn't talk about this"}, {"start": "01:08:46", "end": "01:08:50", "text": "in when did churn ear and make the"}, {"start": "01:08:48", "end": "01:08:52", "text": "initial investment 2018."}, {"start": "01:08:50", "end": "01:08:54", "text": ">> No, a little earlier. Uh 17, something"}, {"start": "01:08:52", "end": "01:08:55", "text": "like that. Probably 17 or 18, somewhere"}, {"start": "01:08:54", "end": "01:08:56", "text": "somewhere in that time frame. Yeah."}, {"start": "01:08:55", "end": "01:08:56", "text": ">> Right."}, {"start": "01:08:56", "end": "01:08:59", "text": ">> Yeah."}, {"start": "01:08:56", "end": "01:09:01", "text": ">> And um I remember when I read it, it was"}, {"start": "01:08:59", "end": "01:09:04", "text": "something to the effect of Churn is"}, {"start": "01:09:01", "end": "01:09:05", "text": "buying like 51% at like a $15 million"}, {"start": "01:09:04", "end": "01:09:08", "text": "valuation."}, {"start": "01:09:05", "end": "01:09:10", "text": ">> And I being a complete [�__�] went on"}, {"start": "01:09:08", "end": "01:09:12", "text": "medium.com and I wrote this whole thing"}, {"start": "01:09:10", "end": "01:09:14", "text": "and I said Barcel's going to be a"}, {"start": "01:09:12", "end": "01:09:17", "text": "billion dollar company."}, {"start": "01:09:14", "end": "01:09:18", "text": "And I had like some legitimate math, but"}, {"start": "01:09:17", "end": "01:09:20", "text": "I was like, \"Look, this thing,\" and I"}, {"start": "01:09:18", "end": "01:09:23", "text": "knew because I uh gone to school in"}, {"start": "01:09:20", "end": "01:09:25", "text": "Northeast, like I knew the the cultural"}, {"start": "01:09:23", "end": "01:09:28", "text": "importance and the like fandom and all"}, {"start": "01:09:25", "end": "01:09:30", "text": "this stuff. And I put a line at the end"}, {"start": "01:09:28", "end": "01:09:32", "text": "and I was like, basically, this is going"}, {"start": "01:09:30", "end": "01:09:34", "text": "to happen as long as Dave doesn't sell"}, {"start": "01:09:32", "end": "01:09:36", "text": "too early."}, {"start": "01:09:34", "end": "01:09:38", "text": "And I remember that you reached out to"}, {"start": "01:09:36", "end": "01:09:39", "text": "me or you had a radio show. Something"}, {"start": "01:09:38", "end": "01:09:41", "text": "happened"}, {"start": "01:09:39", "end": "01:09:43", "text": ">> and you guys were like,"}, {"start": "01:09:41", "end": "01:09:44", "text": ">> \"There's some dumbass on the internet"}, {"start": "01:09:43", "end": "01:09:47", "text": "who thinks it's going to be a billion"}, {"start": "01:09:44", "end": "01:09:50", "text": "dollar company. Get that [�__�] in"}, {"start": "01:09:47", "end": "01:09:52", "text": "here. What is this guy smoking?\" Right."}, {"start": "01:09:50", "end": "01:09:53", "text": ">> Dave Dave was you were Dave was saying"}, {"start": "01:09:52", "end": "01:09:56", "text": "the same thing. There was a infamous"}, {"start": "01:09:53", "end": "01:09:57", "text": "rundown. Me, Dan, Cats, Big and Dave."}, {"start": "01:09:56", "end": "01:09:59", "text": "And he said,"}, {"start": "01:09:57", "end": "01:10:02", "text": ">> \"There are people in boardrooms right"}, {"start": "01:09:59", "end": "01:10:04", "text": "now saying, \"How can we be more like Bar"}, {"start": "01:10:02", "end": "01:10:06", "text": "Stool?\" And we were like, \"No, the [�__�]"}, {"start": "01:10:04", "end": "01:10:09", "text": "there is not.\" Cuz And you have to"}, {"start": "01:10:06", "end": "01:10:11", "text": "remember at the time, uh, we had a blind"}, {"start": "01:10:09", "end": "01:10:13", "text": "intern named Blind Mike that Dave was"}, {"start": "01:10:11", "end": "01:10:15", "text": "throwing things at him to try to prove"}, {"start": "01:10:13", "end": "01:10:17", "text": "whether he was blind or not. There was a"}, {"start": "01:10:15", "end": "01:10:18", "text": "squirrel that consistently would eat"}, {"start": "01:10:17", "end": "01:10:19", "text": "through the wires. So, we had no"}, {"start": "01:10:18", "end": "01:10:20", "text": "internet."}, {"start": "01:10:19", "end": "01:10:23", "text": ">> Uh, you know, just like things like that"}, {"start": "01:10:20", "end": "01:10:24", "text": "where was like normal normal, normal"}, {"start": "01:10:23", "end": "01:10:27", "text": "things. Normal things."}, {"start": "01:10:24", "end": "01:10:28", "text": ">> Like, what do you And and I we were a"}, {"start": "01:10:27", "end": "01:10:30", "text": "little tongue-in-cheek. Obviously, we"}, {"start": "01:10:28", "end": "01:10:31", "text": "were we believed in it cuz we were but I"}, {"start": "01:10:30", "end": "01:10:34", "text": "did not think it was ever going to be"}, {"start": "01:10:31", "end": "01:10:36", "text": "like this. And Dave, kind of going back"}, {"start": "01:10:34", "end": "01:10:38", "text": "to what I just said, he was smart enough"}, {"start": "01:10:36", "end": "01:10:40", "text": "to do this, but also dumb enough or or"}, {"start": "01:10:38", "end": "01:10:42", "text": "crazy enough to be like, we are the"}, {"start": "01:10:40", "end": "01:10:45", "text": "ones. And and then it was a kind of"}, {"start": "01:10:42", "end": "01:10:46", "text": "self-fulfilling from there cuz"}, {"start": "01:10:45", "end": "01:10:48", "text": "Bartool"}, {"start": "01:10:46", "end": "01:10:49", "text": "is, and I'm not just saying this cuz I'm"}, {"start": "01:10:48", "end": "01:10:50", "text": "a part of it. I'm so thrilled that I'm a"}, {"start": "01:10:49", "end": "01:10:53", "text": "part of it, but it's the most"}, {"start": "01:10:50", "end": "01:10:55", "text": "interesting story like ever. It is one"}, {"start": "01:10:53", "end": "01:10:57", "text": "of a kind. It will never happen again."}, {"start": "01:10:55", "end": "01:11:00", "text": "It can't happen again. The timing was"}, {"start": "01:10:57", "end": "01:11:02", "text": "perfect. Our our timing, our ages, if"}, {"start": "01:11:00", "end": "01:11:04", "text": "Dave's born five years earlier or five"}, {"start": "01:11:02", "end": "01:11:05", "text": "years later, doesn't happen. If Boston"}, {"start": "01:11:04", "end": "01:11:06", "text": "starts their dynasty five years earlier"}, {"start": "01:11:05", "end": "01:11:08", "text": "or after or they don't start the dynasty"}, {"start": "01:11:06", "end": "01:11:10", "text": "at all, doesn't happen. If the internet"}, {"start": "01:11:08", "end": "01:11:12", "text": "does not evolve and become a blog, if we"}, {"start": "01:11:10", "end": "01:11:14", "text": "were just a newspaper, it doesn't"}, {"start": "01:11:12", "end": "01:11:17", "text": "happen. And those those just kept"}, {"start": "01:11:14", "end": "01:11:19", "text": "happening. EDM music becomes a thing,"}, {"start": "01:11:17", "end": "01:11:21", "text": "right? when we were getting into like"}, {"start": "01:11:19", "end": "01:11:22", "text": "college fair uh spring weekend type"}, {"start": "01:11:21", "end": "01:11:25", "text": "things and all of a sudden we have a"}, {"start": "01:11:22", "end": "01:11:27", "text": "traveling techno festival and it was"}, {"start": "01:11:25", "end": "01:11:29", "text": "just like now I guess we also deserve"}, {"start": "01:11:27", "end": "01:11:31", "text": "credit because we were so like light on"}, {"start": "01:11:29", "end": "01:11:33", "text": "our feet we could pivot and move speed"}, {"start": "01:11:31", "end": "01:11:35", "text": "kills you know so we took advantage of"}, {"start": "01:11:33", "end": "01:11:37", "text": "those things but they all fell in our"}, {"start": "01:11:35", "end": "01:11:39", "text": "lap man and even like me like I had that"}, {"start": "01:11:37", "end": "01:11:41", "text": "job that allowed me to blog on the side"}, {"start": "01:11:39", "end": "01:11:43", "text": "which allowed me to turn it into this"}, {"start": "01:11:41", "end": "01:11:45", "text": "cuz had I needed to be like quit your"}, {"start": "01:11:43", "end": "01:11:47", "text": "job and do it or don't if it was [�__�] or"}, {"start": "01:11:45", "end": "01:11:48", "text": "get off the pot I probably at that point"}, {"start": "01:11:47", "end": "01:11:50", "text": "I was like I don't know I'm making like"}, {"start": "01:11:48", "end": "01:11:52", "text": "75 grand that's amazing you know so all"}, {"start": "01:11:50", "end": "01:11:55", "text": "of these things timing for like"}, {"start": "01:11:52", "end": "01:11:58", "text": "individuals to the to the big picture it"}, {"start": "01:11:55", "end": "01:12:01", "text": "was lightning in a bottle it was it'll"}, {"start": "01:11:58", "end": "01:12:03", "text": "just never happen again and uh but those"}, {"start": "01:12:01", "end": "01:12:04", "text": "are the stories where it's like certain"}, {"start": "01:12:03", "end": "01:12:06", "text": "people believed you know"}, {"start": "01:12:04", "end": "01:12:08", "text": ">> I think that um the number one thing"}, {"start": "01:12:06", "end": "01:12:10", "text": "that made Barcel successful is that you"}, {"start": "01:12:08", "end": "01:12:12", "text": "guys understood everything is content"}, {"start": "01:12:10", "end": "01:12:15", "text": ">> everything content over everything man"}, {"start": "01:12:12", "end": "01:12:16", "text": ">> you know light switch Lou I I I've seen"}, {"start": "01:12:15", "end": "01:12:18", "text": "the video of him telling Dave about"}, {"start": "01:12:16", "end": "01:12:19", "text": "Bitcoin for the first time"}, {"start": "01:12:18", "end": "01:12:20", "text": ">> and he's walking. He sounds like a"}, {"start": "01:12:19", "end": "01:12:21", "text": "[�__�] insane man."}, {"start": "01:12:20", "end": "01:12:23", "text": ">> Well, he is insane,"}, {"start": "01:12:21", "end": "01:12:26", "text": ">> right? And he's got his laptop and he's"}, {"start": "01:12:23", "end": "01:12:29", "text": "like it's the charact it's"}, {"start": "01:12:26", "end": "01:12:32", "text": ">> um it's like you can't have Bars without"}, {"start": "01:12:29", "end": "01:12:34", "text": "like Dave, right? But in a strange way,"}, {"start": "01:12:32", "end": "01:12:36", "text": "not as equally important, but pretty"}, {"start": "01:12:34", "end": "01:12:38", "text": "important are like the weirdo characters"}, {"start": "01:12:36", "end": "01:12:40", "text": "who maybe are way less talented, not to"}, {"start": "01:12:38", "end": "01:12:42", "text": "be mean, but or just don't have the"}, {"start": "01:12:40", "end": "01:12:44", "text": "exposure or the ethic or whatever, but"}, {"start": "01:12:42", "end": "01:12:47", "text": "we need that guy who is the blind kid to"}, {"start": "01:12:44", "end": "01:12:50", "text": "throw things. You know, it's like it the"}, {"start": "01:12:47", "end": "01:12:53", "text": "cast of characters that we assembled,"}, {"start": "01:12:50", "end": "01:12:54", "text": "luck, I don't know. Was it luck? Was it"}, {"start": "01:12:53", "end": "01:12:56", "text": "talent? Like, did he have an eye for"}, {"start": "01:12:54", "end": "01:12:58", "text": "that? Or some sort of combination of all"}, {"start": "01:12:56", "end": "01:12:59", "text": "of it. It is this alchemy that like"}, {"start": "01:12:58", "end": "01:13:00", "text": "those circumstances I don't think will"}, {"start": "01:12:59", "end": "01:13:02", "text": "ever be represented."}, {"start": "01:13:00", "end": "01:13:04", "text": ">> But it's also like what was uh Big Cat"}, {"start": "01:13:02", "end": "01:13:06", "text": "had like that corner in uh one of the"}, {"start": "01:13:04", "end": "01:13:07", "text": "offices of just like [�__�] that was"}, {"start": "01:13:06", "end": "01:13:09", "text": "piling up there."}, {"start": "01:13:07", "end": "01:13:10", "text": ">> Yeah. It was like when you describe it,"}, {"start": "01:13:09", "end": "01:13:12", "text": "it's like it was just a corner of a"}, {"start": "01:13:10", "end": "01:13:12", "text": "room, but he just he there was so much"}, {"start": "01:13:12", "end": "01:13:13", "text": "[�__�] there."}, {"start": "01:13:12", "end": "01:13:14", "text": ">> It became like a character."}, {"start": "01:13:13", "end": "01:13:15", "text": ">> The corner. Yeah."}, {"start": "01:13:14", "end": "01:13:17", "text": ">> Yeah. Yeah. And then I remember driving"}, {"start": "01:13:15", "end": "01:13:18", "text": "around school scooter that became a"}, {"start": "01:13:17", "end": "01:13:19", "text": "thing."}, {"start": "01:13:18", "end": "01:13:20", "text": ">> Yeah. I I just remember coming to the"}, {"start": "01:13:19", "end": "01:13:22", "text": "office and and then just being like"}, {"start": "01:13:20", "end": "01:13:23", "text": "don't go near the corner and be like"}, {"start": "01:13:22", "end": "01:13:25", "text": ">> cuz it's like there's probably there"}, {"start": "01:13:23", "end": "01:13:27", "text": "might be a small child in there for all"}, {"start": "01:13:25", "end": "01:13:28", "text": ">> what just pile of stuff. Any other"}, {"start": "01:13:27", "end": "01:13:29", "text": "business would be like hey man you got"}, {"start": "01:13:28", "end": "01:13:30", "text": "to move this stuff like we're trying to"}, {"start": "01:13:29", "end": "01:13:32", "text": "like when people are coming to the"}, {"start": "01:13:30", "end": "01:13:34", "text": "office right and other people are like"}, {"start": "01:13:32", "end": "01:13:36", "text": "no no no like protecting the corner"}, {"start": "01:13:34", "end": "01:13:38", "text": "right and so that that corner was"}, {"start": "01:13:36", "end": "01:13:41", "text": "probably more valuable than like 30% of"}, {"start": "01:13:38", "end": "01:13:44", "text": "the humans of the company. I said about"}, {"start": "01:13:41", "end": "01:13:47", "text": "Dave. Uh Dave's dog is is probably like"}, {"start": "01:13:44", "end": "01:13:49", "text": "the third most important employee at the"}, {"start": "01:13:47", "end": "01:13:51", "text": "company. It's like Dan Dave and then his"}, {"start": "01:13:49", "end": "01:13:53", "text": "dog. His dog gets bigger brand deals"}, {"start": "01:13:51", "end": "01:13:55", "text": "than like all the humans working there."}, {"start": "01:13:53", "end": "01:13:56", "text": "Or even like our cleaning company once"}, {"start": "01:13:55", "end": "01:13:59", "text": "stole from us"}, {"start": "01:13:56", "end": "01:14:00", "text": ">> and we got out the CCTV. We made a whole"}, {"start": "01:13:59", "end": "01:14:02", "text": "story, you know, going through drawers,"}, {"start": "01:14:00", "end": "01:14:04", "text": "stealing people's money and weed and"}, {"start": "01:14:02", "end": "01:14:05", "text": "stuff like that. The the security guard,"}, {"start": "01:14:04", "end": "01:14:07", "text": "her name's Ebony, she used to just do"}, {"start": "01:14:05", "end": "01:14:08", "text": "security for the building and I kind of"}, {"start": "01:14:07", "end": "01:14:09", "text": "struck up a friendship with her. Next"}, {"start": "01:14:08", "end": "01:14:12", "text": "thing you know, we just hire her to be"}, {"start": "01:14:09", "end": "01:14:14", "text": "our personal security. It everything and"}, {"start": "01:14:12", "end": "01:14:16", "text": "anything can be turned into content at"}, {"start": "01:14:14", "end": "01:14:18", "text": "all times. It's also like a probably a"}, {"start": "01:14:16", "end": "01:14:20", "text": "wildly unhealthy way to live. Like I"}, {"start": "01:14:18", "end": "01:14:22", "text": "think I'm totally warped and [�__�]"}, {"start": "01:14:20", "end": "01:14:25", "text": ">> but it makes for"}, {"start": "01:14:22", "end": "01:14:26", "text": ">> unbelie cuz when reality TV became like"}, {"start": "01:14:25", "end": "01:14:28", "text": "not really reality. It was kind of"}, {"start": "01:14:26", "end": "01:14:29", "text": "getting scripted. We were like, \"No,"}, {"start": "01:14:28", "end": "01:14:31", "text": "this is real.\" And people would always"}, {"start": "01:14:29", "end": "01:14:33", "text": "accuse us, oh, this is a bit you"}, {"start": "01:14:31", "end": "01:14:36", "text": "scripted this. It's like all this was"}, {"start": "01:14:33", "end": "01:14:38", "text": "real. And so you are getting like actual"}, {"start": "01:14:36", "end": "01:14:39", "text": "anger, fights, scandals, whatever. When"}, {"start": "01:14:38", "end": "01:14:41", "text": "everything else started to get scripted,"}, {"start": "01:14:39", "end": "01:14:42", "text": "we we went even more the other"}, {"start": "01:14:41", "end": "01:14:42", "text": "direction. So,"}, {"start": "01:14:42", "end": "01:14:43", "text": ">> all right. Where can we send people to"}, {"start": "01:14:42", "end": "01:14:45", "text": "find you on the internet?"}, {"start": "01:14:43", "end": "01:14:47", "text": ">> Uh, KFC Barcel is is the main thing on"}, {"start": "01:14:45", "end": "01:14:49", "text": "Instagram right now. So, I I wrapped up"}, {"start": "01:14:47", "end": "01:14:50", "text": "the podcast in January. So, right now,"}, {"start": "01:14:49", "end": "01:14:51", "text": "I'm just kind of doing short form videos"}, {"start": "01:14:50", "end": "01:14:53", "text": "on all social media. So,"}, {"start": "01:14:51", "end": "01:14:55", "text": ">> you're [�__�] on fire."}, {"start": "01:14:53", "end": "01:14:56", "text": ">> The the short form is an interesting"}, {"start": "01:14:55", "end": "01:14:57", "text": "one, man, because it's like I think that"}, {"start": "01:14:56", "end": "01:14:59", "text": "that's the way everything's going. The"}, {"start": "01:14:57", "end": "01:15:01", "text": "same way I thought kind of podcast was"}, {"start": "01:14:59", "end": "01:15:03", "text": "next. I think it's all short form video,"}, {"start": "01:15:01", "end": "01:15:05", "text": "but people are in the in this podcast"}, {"start": "01:15:03", "end": "01:15:08", "text": "mode of how to sell podcast ads and long"}, {"start": "01:15:05", "end": "01:15:09", "text": "form and so monetizing it is is a little"}, {"start": "01:15:08", "end": "01:15:11", "text": "bit I think I'm like still at the"}, {"start": "01:15:09", "end": "01:15:12", "text": "frontier of that, but I I think uh short"}, {"start": "01:15:11", "end": "01:15:14", "text": "form is the way. So, I've been putting"}, {"start": "01:15:12", "end": "01:15:16", "text": "all my eggs in that basket and it's"}, {"start": "01:15:14", "end": "01:15:17", "text": "Yeah, business has been pretty good."}, {"start": "01:15:16", "end": "01:15:19", "text": "Been like 50 million views a month. I'm"}, {"start": "01:15:17", "end": "01:15:21", "text": "pretty pr proud of that. So,"}, {"start": "01:15:19", "end": "01:15:23", "text": ">> jeez. 50 million views per month."}, {"start": "01:15:21", "end": "01:15:24", "text": ">> Yeah, just from And I mean I literally"}, {"start": "01:15:23", "end": "01:15:24", "text": "it's just"}, {"start": "01:15:24", "end": "01:15:27", "text": ">> I've seen you do it."}, {"start": "01:15:24", "end": "01:15:28", "text": ">> That's it. You know what I mean? So, uh"}, {"start": "01:15:27", "end": "01:15:30", "text": "that's a good thing. So maybe you're an"}, {"start": "01:15:28", "end": "01:15:31", "text": "actor."}, {"start": "01:15:30", "end": "01:15:34", "text": ">> Wait, before we go, I got one question"}, {"start": "01:15:31", "end": "01:15:36", "text": "for you. Uh, this private private equity"}, {"start": "01:15:34", "end": "01:15:37", "text": "like explosion in sports,"}, {"start": "01:15:36", "end": "01:15:39", "text": ">> a lot of people are basically saying"}, {"start": "01:15:37", "end": "01:15:41", "text": "that like the Celtics just traded Jaylen"}, {"start": "01:15:39", "end": "01:15:43", "text": "Brown because of analytics and and and"}, {"start": "01:15:41", "end": "01:15:45", "text": "private equity."}, {"start": "01:15:43", "end": "01:15:47", "text": ">> Why are why, if you're so smart and"}, {"start": "01:15:45", "end": "01:15:49", "text": "you're as a private equity firm to know"}, {"start": "01:15:47", "end": "01:15:50", "text": "about like making money, don't you think"}, {"start": "01:15:49", "end": "01:15:52", "text": "there's enough knowledge to be like,"}, {"start": "01:15:50", "end": "01:15:54", "text": "let's not completely bastardize this"}, {"start": "01:15:52", "end": "01:15:57", "text": "thing that we've just bought and ruin it"}, {"start": "01:15:54", "end": "01:15:58", "text": "and make private equity look so bad? No,"}, {"start": "01:15:57", "end": "01:15:59", "text": "because"}, {"start": "01:15:58", "end": "01:16:00", "text": ">> because it still just makes more money"}, {"start": "01:15:59", "end": "01:16:01", "text": "the same."}, {"start": "01:16:00", "end": "01:16:02", "text": ">> Name the person. Name the person who did"}, {"start": "01:16:01", "end": "01:16:03", "text": "it. You can't"}, {"start": "01:16:02", "end": "01:16:04", "text": ">> Yeah. There's no like personal"}, {"start": "01:16:03", "end": "01:16:05", "text": "cultility."}, {"start": "01:16:04", "end": "01:16:06", "text": ">> What's the What's the company?"}, {"start": "01:16:05", "end": "01:16:08", "text": ">> Yeah. Like I think about"}, {"start": "01:16:06", "end": "01:16:10", "text": ">> private equity. I don't care if you"}, {"start": "01:16:08", "end": "01:16:11", "text": "attack private equity. It's like uh"}, {"start": "01:16:10", "end": "01:16:14", "text": "years ago I used to say this uh saying."}, {"start": "01:16:11", "end": "01:16:14", "text": "I used to say uh long Bitcoin short the"}, {"start": "01:16:14", "end": "01:16:16", "text": "bankers."}, {"start": "01:16:14", "end": "01:16:19", "text": ">> And I would have people who literally"}, {"start": "01:16:16", "end": "01:16:20", "text": "are bankers be like, \"Yeah.\""}, {"start": "01:16:19", "end": "01:16:22", "text": ">> And I'd be like,"}, {"start": "01:16:20", "end": "01:16:24", "text": ">> \"Yeah.\" And they're like, \"I'm not a"}, {"start": "01:16:22", "end": "01:16:25", "text": "banker. Like, oh yeah. I mean, like I"}, {"start": "01:16:24", "end": "01:16:26", "text": "hang out here, but you know, I'm like"}, {"start": "01:16:25", "end": "01:16:29", "text": "one of you guys, right? Everybody wants"}, {"start": "01:16:26", "end": "01:16:31", "text": "to hear what you guys when can you I"}, {"start": "01:16:29", "end": "01:16:32", "text": "wrote it in the book. Can you just say"}, {"start": "01:16:31", "end": "01:16:34", "text": "something or do something to make"}, {"start": "01:16:32", "end": "01:16:35", "text": "Bitcoin go back up? Just do it. Do pull"}, {"start": "01:16:34", "end": "01:16:37", "text": "the button. Pull the lever. Push the"}, {"start": "01:16:35", "end": "01:16:39", "text": "button. Say the thing. Make it happen."}, {"start": "01:16:37", "end": "01:16:40", "text": ">> You You want it to just do what it does?"}, {"start": "01:16:39", "end": "01:16:41", "text": "You know, it's like"}, {"start": "01:16:40", "end": "01:16:43", "text": ">> No, I want it to go up. I want it to do"}, {"start": "01:16:41", "end": "01:16:44", "text": "what I want it to do, not what it wants."}, {"start": "01:16:43", "end": "01:16:46", "text": ">> I know. I know. It's um"}, {"start": "01:16:44", "end": "01:16:48", "text": ">> Do is there any concern for for You"}, {"start": "01:16:46", "end": "01:16:50", "text": "think it's fine? because I I started to"}, {"start": "01:16:48", "end": "01:16:52", "text": "hear how like the the derivatives that"}, {"start": "01:16:50", "end": "01:16:54", "text": "are being made off of Bitcoin are now"}, {"start": "01:16:52", "end": "01:16:56", "text": "kind of eating up the"}, {"start": "01:16:54", "end": "01:16:57", "text": ">> volatility will definitely come down,"}, {"start": "01:16:56", "end": "01:17:01", "text": "right? Just because it's gotten bigger,"}, {"start": "01:16:57", "end": "01:17:02", "text": "but um my general view is uh if you buy"}, {"start": "01:17:01", "end": "01:17:04", "text": "Bitcoin, you should do everything in"}, {"start": "01:17:02", "end": "01:17:05", "text": "your power to just say, \"I'm going to"}, {"start": "01:17:04", "end": "01:17:08", "text": "give this to my grandkids.\""}, {"start": "01:17:05", "end": "01:17:09", "text": ">> Yeah, that's how I view psychologically"}, {"start": "01:17:08", "end": "01:17:11", "text": "do that"}, {"start": "01:17:09", "end": "01:17:12", "text": ">> in a weird way. Um I wrote this thing"}, {"start": "01:17:11", "end": "01:17:14", "text": "one time and everyone thought I was"}, {"start": "01:17:12", "end": "01:17:18", "text": "[�__�] nuts. I was like, uh, the"}, {"start": "01:17:14", "end": "01:17:19", "text": "boomers had housing, the millennials"}, {"start": "01:17:18", "end": "01:17:20", "text": "have Satoshi"}, {"start": "01:17:19", "end": "01:17:22", "text": ">> because what did boomers do? They like"}, {"start": "01:17:20", "end": "01:17:23", "text": "bought. Now, can you live in your house?"}, {"start": "01:17:22", "end": "01:17:23", "text": "Of course. You can't live in your"}, {"start": "01:17:23", "end": "01:17:25", "text": "Bitcoin, whatever."}, {"start": "01:17:23", "end": "01:17:27", "text": ">> Utility to the house, but now,"}, {"start": "01:17:25", "end": "01:17:29", "text": ">> but you like bought this thing and you"}, {"start": "01:17:27", "end": "01:17:29", "text": "basically just held it for like 20"}, {"start": "01:17:29", "end": "01:17:31", "text": "years."}, {"start": "01:17:29", "end": "01:17:32", "text": ">> Yeah. So, your mortgage is a 30-year"}, {"start": "01:17:31", "end": "01:17:34", "text": "mortgage. We're talking about a decad's"}, {"start": "01:17:32", "end": "01:17:35", "text": "long plan, so you should do the same."}, {"start": "01:17:34", "end": "01:17:37", "text": ">> And so, they just held it and all of a"}, {"start": "01:17:35", "end": "01:17:38", "text": "sudden they're like, \"That $200,000"}, {"start": "01:17:37", "end": "01:17:40", "text": "house I bought is now a million half"}, {"start": "01:17:38", "end": "01:17:40", "text": "dollar.\" What the [�__�] You can do"}, {"start": "01:17:40", "end": "01:17:41", "text": "anything for that."}, {"start": "01:17:40", "end": "01:17:42", "text": ">> Yeah."}, {"start": "01:17:41", "end": "01:17:44", "text": ">> Bitcoin, I think, is very similar,"}, {"start": "01:17:42", "end": "01:17:46", "text": "right? is even in the last couple years."}, {"start": "01:17:44", "end": "01:17:47", "text": "I mean, it goes up, it goes down, it"}, {"start": "01:17:46", "end": "01:17:48", "text": "whatever."}, {"start": "01:17:47", "end": "01:17:51", "text": ">> But I I do think the difference is like"}, {"start": "01:17:48", "end": "01:17:52", "text": "houses will always exist, whereas like"}, {"start": "01:17:51", "end": "01:17:55", "text": "if Bitcoin disappeared from the world,"}, {"start": "01:17:52", "end": "01:17:56", "text": "we it wouldn't we could keep going,"}, {"start": "01:17:55", "end": "01:17:58", "text": ">> you know?"}, {"start": "01:17:56", "end": "01:18:01", "text": ">> True. But I think that there's plenty of"}, {"start": "01:17:58", "end": "01:18:03", "text": "housing markets where that's not true."}, {"start": "01:18:01", "end": "01:18:05", "text": "Have you seen Actually, this is this is"}, {"start": "01:18:03", "end": "01:18:07", "text": "you should do a video on this. have uh"}, {"start": "01:18:05", "end": "01:18:09", "text": "Bloomberg recently had an article out uh"}, {"start": "01:18:07", "end": "01:18:14", "text": "around Dallas, Texas."}, {"start": "01:18:09", "end": "01:18:17", "text": ">> There was a massive surge of H-1B uh"}, {"start": "01:18:14", "end": "01:18:18", "text": "immigrate uh immigration there because a"}, {"start": "01:18:17", "end": "01:18:21", "text": "bunch of companies were moving their"}, {"start": "01:18:18", "end": "01:18:24", "text": "headquarters to Dallas, Texas."}, {"start": "01:18:21", "end": "01:18:26", "text": ">> Well, when that happens, H-1Bs, a lot of"}, {"start": "01:18:24", "end": "01:18:28", "text": "them come from uh India because they're"}, {"start": "01:18:26", "end": "01:18:30", "text": "software engineers or IT or whatever,"}, {"start": "01:18:28", "end": "01:18:32", "text": "right? So, like whatever your thoughts"}, {"start": "01:18:30", "end": "01:18:34", "text": "are on immigration, just wait. But if"}, {"start": "01:18:32", "end": "01:18:36", "text": "you have a bunch of people from a single"}, {"start": "01:18:34", "end": "01:18:38", "text": "geographic area with a certain"}, {"start": "01:18:36", "end": "01:18:39", "text": "ethnicity, certain cultural norms, all"}, {"start": "01:18:38", "end": "01:18:41", "text": "this stuff, the people where they're"}, {"start": "01:18:39", "end": "01:18:42", "text": "moving start to adapt to that because"}, {"start": "01:18:41", "end": "01:18:44", "text": "they're like, \"Well, I need to sell"}, {"start": "01:18:42", "end": "01:18:45", "text": "homes if I'm a home builder.\""}, {"start": "01:18:44", "end": "01:18:46", "text": ">> So Bloomberg has an article where"}, {"start": "01:18:45", "end": "01:18:48", "text": "they're talking to this home builder."}, {"start": "01:18:46", "end": "01:18:50", "text": "And long story short, what's happened is"}, {"start": "01:18:48", "end": "01:18:52", "text": "now there's a bunch of changes to these"}, {"start": "01:18:50", "end": "01:18:53", "text": "programs. A lot of uh these folks are"}, {"start": "01:18:52", "end": "01:18:54", "text": "not having to move home or they're not"}, {"start": "01:18:53", "end": "01:18:56", "text": "having as much money, so they're not"}, {"start": "01:18:54", "end": "01:18:59", "text": "buying these houses, whatever. But the"}, {"start": "01:18:56", "end": "01:19:01", "text": "homes they got built had things like uh"}, {"start": "01:18:59", "end": "01:19:03", "text": "a specific area of the kitchen for like"}, {"start": "01:19:01", "end": "01:19:05", "text": "a spice kitchen"}, {"start": "01:19:03", "end": "01:19:07", "text": ">> or they had like a room that was like a"}, {"start": "01:19:05", "end": "01:19:09", "text": "prayer room. Now they're trying to like"}, {"start": "01:19:07", "end": "01:19:11", "text": "reconfigure it to be like a study or"}, {"start": "01:19:09", "end": "01:19:12", "text": "like whatever, right?"}, {"start": "01:19:11", "end": "01:19:13", "text": ">> And so I look at this and I'm like,"}, {"start": "01:19:12", "end": "01:19:16", "text": ">> okay,"}, {"start": "01:19:13", "end": "01:19:19", "text": ">> housing, yes, to a degree is this great"}, {"start": "01:19:16", "end": "01:19:21", "text": "long-term store of wealth, but in"}, {"start": "01:19:19", "end": "01:19:23", "text": "Dallas, Texas, home prices exploded"}, {"start": "01:19:21", "end": "01:19:24", "text": ">> and the whole article is about they're"}, {"start": "01:19:23", "end": "01:19:26", "text": "coming back down and here's the drivers"}, {"start": "01:19:24", "end": "01:19:28", "text": "of it, whatever. So, it's like a very"}, {"start": "01:19:26", "end": "01:19:29", "text": "well done article that's like looking at"}, {"start": "01:19:28", "end": "01:19:31", "text": "the economic impact and that's like the"}, {"start": "01:19:29", "end": "01:19:33", "text": "focus, but you learn some of these"}, {"start": "01:19:31", "end": "01:19:34", "text": "nuances and you're like, well, actually,"}, {"start": "01:19:33", "end": "01:19:36", "text": "have you bought a home in Dallas, Texas"}, {"start": "01:19:34", "end": "01:19:37", "text": "3 years ago? I don't know if it was that"}, {"start": "01:19:36", "end": "01:19:38", "text": "great."}, {"start": "01:19:37", "end": "01:19:42", "text": ">> So, 10 years from now, is it going to be"}, {"start": "01:19:38", "end": "01:19:44", "text": "great? 20 years from now, like probably,"}, {"start": "01:19:42", "end": "01:19:46", "text": ">> but I don't know. Right."}, {"start": "01:19:44", "end": "01:19:48", "text": ">> Right. And so, like there's always risk,"}, {"start": "01:19:46", "end": "01:19:52", "text": "I think, is the the the short answer."}, {"start": "01:19:48", "end": "01:19:53", "text": "And so, it's like to me a home, Bitcoin,"}, {"start": "01:19:52", "end": "01:19:56", "text": "gold, you know, whatever. It's just"}, {"start": "01:19:53", "end": "01:19:57", "text": "like, dude, buy some [�__�]"}, {"start": "01:19:56", "end": "01:19:59", "text": ">> hold it for long."}, {"start": "01:19:57", "end": "01:20:01", "text": ">> What do you What do you think is uh like"}, {"start": "01:19:59", "end": "01:20:02", "text": "are you are you of the thought that it's"}, {"start": "01:20:01", "end": "01:20:03", "text": "going to go to a million"}, {"start": "01:20:02", "end": "01:20:03", "text": ">> like when people say that?"}, {"start": "01:20:03", "end": "01:20:05", "text": ">> Sure."}, {"start": "01:20:03", "end": "01:20:06", "text": ">> Is that just because of scarcity?"}, {"start": "01:20:05", "end": "01:20:07", "text": "Because there's a fixed like what?"}, {"start": "01:20:06", "end": "01:20:08", "text": ">> Because the government's never going to"}, {"start": "01:20:07", "end": "01:20:09", "text": "stop printing money."}, {"start": "01:20:08", "end": "01:20:12", "text": ">> And so you think that like"}, {"start": "01:20:09", "end": "01:20:13", "text": ">> it's like gold. So like all the other"}, {"start": "01:20:12", "end": "01:20:14", "text": "currencies will be less appealing to"}, {"start": "01:20:13", "end": "01:20:17", "text": "prop this up to the point that it'll"}, {"start": "01:20:14", "end": "01:20:19", "text": "spike that high. I I just think that uh"}, {"start": "01:20:17", "end": "01:20:21", "text": "scarcity becomes very valuable in a"}, {"start": "01:20:19", "end": "01:20:23", "text": "world of abundance and we have an"}, {"start": "01:20:21", "end": "01:20:26", "text": "abundance of dollars and we're headed to"}, {"start": "01:20:23", "end": "01:20:29", "text": "a world of even more dollars and then"}, {"start": "01:20:26", "end": "01:20:32", "text": "also an abundance of intelligence"}, {"start": "01:20:29", "end": "01:20:34", "text": "through AI and so like things that are"}, {"start": "01:20:32", "end": "01:20:37", "text": "scarce now I think that um"}, {"start": "01:20:34", "end": "01:20:38", "text": ">> professional sports team owners super"}, {"start": "01:20:37", "end": "01:20:40", "text": "there's only 32 teams right so like"}, {"start": "01:20:38", "end": "01:20:42", "text": "that's interesting um I've seen people"}, {"start": "01:20:40", "end": "01:20:45", "text": "buying up like collectibles like uh the"}, {"start": "01:20:42", "end": "01:20:47", "text": "guys who bought the um uh Pokemon card"}, {"start": "01:20:45", "end": "01:20:49", "text": "from Logan Paul. Super interesting,"}, {"start": "01:20:47", "end": "01:20:51", "text": "right? A company called Treasure Trove."}, {"start": "01:20:49", "end": "01:20:53", "text": "Um, if you go and you take a look at uh"}, {"start": "01:20:51", "end": "01:20:54", "text": "Bitcoin, right, gold, like things that"}, {"start": "01:20:53", "end": "01:20:56", "text": "have scarcity to them are going to"}, {"start": "01:20:54", "end": "01:20:57", "text": "continue to perform really well because"}, {"start": "01:20:56", "end": "01:20:59", "text": "you just have an abundance of these"}, {"start": "01:20:57", "end": "01:21:01", "text": "dollars and so everything's pretty"}, {"start": "01:20:59", "end": "01:21:03", "text": ">> and there is no way to get around this"}, {"start": "01:21:01", "end": "01:21:05", "text": "idea that there's a fixed amount like"}, {"start": "01:21:03", "end": "01:21:06", "text": "don't because I always think wasn't"}, {"start": "01:21:05", "end": "01:21:08", "text": "there a time where like the government"}, {"start": "01:21:06", "end": "01:21:09", "text": "would have been like no there's no more"}, {"start": "01:21:08", "end": "01:21:11", "text": "gold to back these dollars and then they"}, {"start": "01:21:09", "end": "01:21:13", "text": "just like made up a new system where"}, {"start": "01:21:11", "end": "01:21:15", "text": "they could print it. Is there a way that"}, {"start": "01:21:13", "end": "01:21:17", "text": "like be like actually we're now making"}, {"start": "01:21:15", "end": "01:21:18", "text": "new bitcoins and then the whole system"}, {"start": "01:21:17", "end": "01:21:20", "text": "is"}, {"start": "01:21:18", "end": "01:21:21", "text": ">> if I remember correctly over the last 25"}, {"start": "01:21:20", "end": "01:21:23", "text": "years gold has outperformed the stock"}, {"start": "01:21:21", "end": "01:21:25", "text": "market. So even though they took away"}, {"start": "01:21:23", "end": "01:21:27", "text": "the gold's like reliance to the dollar"}, {"start": "01:21:25", "end": "01:21:29", "text": "or the relationship there,"}, {"start": "01:21:27", "end": "01:21:30", "text": ">> gold is more valuable today,"}, {"start": "01:21:29", "end": "01:21:32", "text": ">> right? When they when they took off the"}, {"start": "01:21:30", "end": "01:21:34", "text": "gold standard, if I remember correctly,"}, {"start": "01:21:32", "end": "01:21:35", "text": "I think it was at like $35 an ounce."}, {"start": "01:21:34", "end": "01:21:37", "text": ">> Okay."}, {"start": "01:21:35", "end": "01:21:38", "text": ">> Cross over 5,000 now. It's come down a"}, {"start": "01:21:37", "end": "01:21:38", "text": "little bit, but like"}, {"start": "01:21:38", "end": "01:21:40", "text": ">> insane,"}, {"start": "01:21:38", "end": "01:21:42", "text": ">> right? So it's just like if you you"}, {"start": "01:21:40", "end": "01:21:43", "text": "know, look, I I give boomers a lot of"}, {"start": "01:21:42", "end": "01:21:44", "text": "[�__�] They give millennials a lot of"}, {"start": "01:21:43", "end": "01:21:46", "text": "[�__�] So it's kind of, you know, this"}, {"start": "01:21:44", "end": "01:21:50", "text": "like lovehate relationship, whatever."}, {"start": "01:21:46", "end": "01:21:51", "text": "Like if you just 50 years ago bought a"}, {"start": "01:21:50", "end": "01:21:54", "text": "house and bought gold and chilled like"}, {"start": "01:21:51", "end": "01:21:55", "text": "dude you're you're a genius, right? So"}, {"start": "01:21:54", "end": "01:21:57", "text": "like I'll leave you with this. You know"}, {"start": "01:21:55", "end": "01:21:58", "text": "what uh investment strategy I think is"}, {"start": "01:21:57", "end": "01:22:00", "text": "highly underrated and will be very"}, {"start": "01:21:58", "end": "01:22:02", "text": "valuable in the future and me."}, {"start": "01:22:00", "end": "01:22:02", "text": ">> The crazy uncle portfolio."}, {"start": "01:22:02", "end": "01:22:04", "text": ">> Okay."}, {"start": "01:22:02", "end": "01:22:07", "text": ">> When you go to Thanksgiving dinner, what"}, {"start": "01:22:04", "end": "01:22:11", "text": "does your crazy uncle talk about? Land,"}, {"start": "01:22:07", "end": "01:22:13", "text": "guns, Bitcoin, and gold."}, {"start": "01:22:11", "end": "01:22:14", "text": "Those are the four. Buy them up, baby."}, {"start": "01:22:13", "end": "01:22:16", "text": ">> Yeah. government ain't going to get my"}, {"start": "01:22:14", "end": "01:22:18", "text": "guns, right? I'm going to get on my"}, {"start": "01:22:16", "end": "01:22:19", "text": "land, right? Like like those four things"}, {"start": "01:22:18", "end": "01:22:21", "text": "are probably going to do incredibly"}, {"start": "01:22:19", "end": "01:22:23", "text": "well. It's so funny about those guys"}, {"start": "01:22:21", "end": "01:22:25", "text": "also being in Bitcoin being like it's my"}, {"start": "01:22:23", "end": "01:22:27", "text": "guns and also I got my little seed"}, {"start": "01:22:25", "end": "01:22:29", "text": "phrase to keep my Bitcoin safe,"}, {"start": "01:22:27", "end": "01:22:30", "text": ">> dude. 100%. Right. So it's like I got my"}, {"start": "01:22:29", "end": "01:22:32", "text": "wallet that I put it in."}, {"start": "01:22:30", "end": "01:22:34", "text": ">> Yeah. So all right, KFC Bar stool on"}, {"start": "01:22:32", "end": "01:22:38", "text": "Instagram. That's where we're going to"}, {"start": "01:22:34", "end": "01:22:38", "text": "send people. Appreciate Thank you, bro."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Clarity is now critical and Trump is"}, {"start": "00:00:02", "end": "00:00:06", "text": "planning a meeting with senators. We'll"}, {"start": "00:00:04", "end": "00:00:08", "text": "break it all down for you. Maybe there"}, {"start": "00:00:06", "end": "00:00:10", "text": "is hope yet. As we get into it, I want"}, {"start": "00:00:08", "end": "00:00:12", "text": "to thank our sponsor and that is OKX"}, {"start": "00:00:10", "end": "00:00:14", "text": "where you guys can do some interesting"}, {"start": "00:00:12", "end": "00:00:18", "text": "things while the market is very volatile"}, {"start": "00:00:14", "end": "00:00:22", "text": "and that includes getting up to 4.1%"}, {"start": "00:00:18", "end": "00:00:25", "text": "APY by holding USDG over on OKX. You can"}, {"start": "00:00:22", "end": "00:00:27", "text": "also hold RLUSD as well. So, stable"}, {"start": "00:00:25", "end": "00:00:28", "text": "coins, you can get to work over there,"}, {"start": "00:00:27", "end": "00:00:30", "text": "guys. And guess what? There's no"}, {"start": "00:00:28", "end": "00:00:32", "text": "subscriptions. is you're not paying a"}, {"start": "00:00:30", "end": "00:00:34", "text": "monthly fee and there's no lockup so you"}, {"start": "00:00:32", "end": "00:00:36", "text": "can get in and out anytime you like. And"}, {"start": "00:00:34", "end": "00:00:39", "text": "while you're at it, go in and get some"}, {"start": "00:00:36", "end": "00:00:41", "text": "of the best trading fees out there. So,"}, {"start": "00:00:39", "end": "00:00:43", "text": "of course, use our link down below. You"}, {"start": "00:00:41", "end": "00:00:45", "text": "guys get a little bit of a bonus to get"}, {"start": "00:00:43", "end": "00:00:47", "text": "started over on OKX. Let's go over to a"}, {"start": "00:00:45", "end": "00:00:48", "text": "a few tweets I want to kind of lead off"}, {"start": "00:00:47", "end": "00:00:50", "text": "with, and that is that Trump is going to"}, {"start": "00:00:48", "end": "00:00:53", "text": "be meeting with US senators today to"}, {"start": "00:00:50", "end": "00:00:56", "text": "discuss crypto and the market structure"}, {"start": "00:00:53", "end": "00:00:59", "text": "bill. And I think the point right now"}, {"start": "00:00:56", "end": "00:01:02", "text": "will be this is you've got some very"}, {"start": "00:00:59", "end": "00:01:03", "text": "interesting issues that are facing uh"}, {"start": "00:01:02", "end": "00:01:06", "text": "President Trump and also the"}, {"start": "00:01:03", "end": "00:01:09", "text": "administration in terms of clarity how"}, {"start": "00:01:06", "end": "00:01:11", "text": "they negotiate this and they may we'll"}, {"start": "00:01:09", "end": "00:01:13", "text": "see they may push it down the road and"}, {"start": "00:01:11", "end": "00:01:15", "text": "say it doesn't really belong in this but"}, {"start": "00:01:13", "end": "00:01:17", "text": "I think this is going to be uh the"}, {"start": "00:01:15", "end": "00:01:19", "text": "meeting that will pretty much tell the"}, {"start": "00:01:17", "end": "00:01:22", "text": "tale of whether or not clarity gets"}, {"start": "00:01:19", "end": "00:01:23", "text": "through. Ripple may see that to be the"}, {"start": "00:01:22", "end": "00:01:25", "text": "case because guess what? They've put the"}, {"start": "00:01:23", "end": "00:01:27", "text": "clarity truck back on the road today."}, {"start": "00:01:25", "end": "00:01:29", "text": "It's in DC trying to get senators to"}, {"start": "00:01:27", "end": "00:01:32", "text": "make make some decisions and pay"}, {"start": "00:01:29", "end": "00:01:33", "text": "attention to what's happening. Other"}, {"start": "00:01:32", "end": "00:01:36", "text": "points you have to look at within the"}, {"start": "00:01:33", "end": "00:01:37", "text": "bill. These are the three key things. If"}, {"start": "00:01:36", "end": "00:01:39", "text": "you guys have been following our show,"}, {"start": "00:01:37", "end": "00:01:42", "text": "you probably know, but we have a lot of"}, {"start": "00:01:39", "end": "00:01:44", "text": "new viewers. Thank you for subscribing."}, {"start": "00:01:42", "end": "00:01:47", "text": "We appreciate that. Um, but these are"}, {"start": "00:01:44", "end": "00:01:49", "text": "the three boiling points that really uh"}, {"start": "00:01:47", "end": "00:01:51", "text": "it comes down to. One is the ethics"}, {"start": "00:01:49", "end": "00:01:52", "text": "provision. The question is whether or"}, {"start": "00:01:51", "end": "00:01:54", "text": "not they negotiate some sort of"}, {"start": "00:01:52", "end": "00:01:56", "text": "compromise and they push this down the"}, {"start": "00:01:54", "end": "00:01:58", "text": "road. The key things are going to be"}, {"start": "00:01:56", "end": "00:02:00", "text": "developer protection which I think is"}, {"start": "00:01:58", "end": "00:02:02", "text": "going to still stay with it and then of"}, {"start": "00:02:00", "end": "00:02:05", "text": "course the stable coin yield. That is"}, {"start": "00:02:02", "end": "00:02:08", "text": "the fight I think that continues to be"}, {"start": "00:02:05", "end": "00:02:10", "text": "the number one issue that the banks of"}, {"start": "00:02:08", "end": "00:02:13", "text": "course push in on. One other point that"}, {"start": "00:02:10", "end": "00:02:14", "text": "is important here is in reference to"}, {"start": "00:02:13", "end": "00:02:17", "text": "who's going to be in the room. goes back"}, {"start": "00:02:14", "end": "00:02:19", "text": "to this right here and that is Ruben Ggo"}, {"start": "00:02:17", "end": "00:02:21", "text": "who is dem the Democrat who led the"}, {"start": "00:02:19", "end": "00:02:24", "text": "ethics talks for months. Uh he's not"}, {"start": "00:02:21", "end": "00:02:27", "text": "invited. That is a problem I think for"}, {"start": "00:02:24", "end": "00:02:30", "text": "one the Democrats to maybe come to a day"}, {"start": "00:02:27", "end": "00:02:33", "text": "tant with this administration around"}, {"start": "00:02:30", "end": "00:02:35", "text": "ethics and I think it also showcases"}, {"start": "00:02:33", "end": "00:02:37", "text": "that maybe we've got a handful of"}, {"start": "00:02:35", "end": "00:02:39", "text": "Democrats that are going to push us in"}, {"start": "00:02:37", "end": "00:02:42", "text": "the position where we cannot make the 60"}, {"start": "00:02:39", "end": "00:02:44", "text": "votes. So right now there's about 53"}, {"start": "00:02:42", "end": "00:02:47", "text": "Republicans. So there needs to be seven"}, {"start": "00:02:44", "end": "00:02:49", "text": "Democrats at least and that is without"}, {"start": "00:02:47", "end": "00:02:51", "text": "Lindsey Graham even uh coming into the"}, {"start": "00:02:49", "end": "00:02:53", "text": "play. So big pressure right now when it"}, {"start": "00:02:51", "end": "00:02:56", "text": "comes down to voting. I want to play a"}, {"start": "00:02:53", "end": "00:02:59", "text": "quick clip here of where some of the"}, {"start": "00:02:56", "end": "00:03:00", "text": "industry thinks this is going to land on"}, {"start": "00:02:59", "end": "00:03:02", "text": "ethics. Take a look."}, {"start": "00:03:00", "end": "00:03:03", "text": ">> Now I know there's an effort in the"}, {"start": "00:03:02", "end": "00:03:06", "text": "Senate by a number of Democrats to add"}, {"start": "00:03:03", "end": "00:03:07", "text": "ethics provisions. That's something we"}, {"start": "00:03:06", "end": "00:03:08", "text": "in the industry really can't speak to."}, {"start": "00:03:07", "end": "00:03:10", "text": "It's an amendment to the government"}, {"start": "00:03:08", "end": "00:03:13", "text": "ethics rules, which is really something"}, {"start": "00:03:10", "end": "00:03:15", "text": "policy makers need to figure out. Um,"}, {"start": "00:03:13", "end": "00:03:16", "text": "and so we'll see what happens on that"}, {"start": "00:03:15", "end": "00:03:18", "text": "side of it. But even without an ethics"}, {"start": "00:03:16", "end": "00:03:20", "text": "provision, the bill is a dramatic step"}, {"start": "00:03:18", "end": "00:03:22", "text": "forward for the priorities that De"}, {"start": "00:03:20", "end": "00:03:23", "text": "Democrats have laid out. And so I hope"}, {"start": "00:03:22", "end": "00:03:24", "text": "everybody keeps their keeps their focus"}, {"start": "00:03:23", "end": "00:03:26", "text": "on that reality."}, {"start": "00:03:24", "end": "00:03:27", "text": ">> Absolutely."}, {"start": "00:03:26", "end": "00:03:30", "text": ">> All right, guys. Let me know what you"}, {"start": "00:03:27", "end": "00:03:32", "text": "guys think. Do you think that the ethics"}, {"start": "00:03:30", "end": "00:03:34", "text": "issue will will put a stop to this bill?"}, {"start": "00:03:32", "end": "00:03:37", "text": "Just put yes or no down below. I I'm"}, {"start": "00:03:34", "end": "00:03:40", "text": "kind of curious because what what uh"}, {"start": "00:03:37", "end": "00:03:42", "text": "Farar was getting at here is that it"}, {"start": "00:03:40", "end": "00:03:44", "text": "really shouldn't be even considered in"}, {"start": "00:03:42", "end": "00:03:46", "text": "this particular bill. It should be"}, {"start": "00:03:44", "end": "00:03:49", "text": "something that is a broader scope in"}, {"start": "00:03:46", "end": "00:03:51", "text": "general. And maybe that is the angle in"}, {"start": "00:03:49", "end": "00:03:54", "text": "which the lobbyists and maybe some of"}, {"start": "00:03:51", "end": "00:03:55", "text": "the lawmakers are trying to go. So, I"}, {"start": "00:03:54", "end": "00:03:57", "text": "don't know. We're going to see it. But,"}, {"start": "00:03:55", "end": "00:03:58", "text": "uh you got Senator Tom Tillis. He's one"}, {"start": "00:03:57", "end": "00:04:00", "text": "of the lead negotiators right now buying"}, {"start": "00:03:58", "end": "00:04:03", "text": "the banks and crypto stable coin yield"}, {"start": "00:04:00", "end": "00:04:05", "text": "compromise. He told Brendan Peterson"}, {"start": "00:04:03", "end": "00:04:07", "text": "that he's got this whole thing around a"}, {"start": "00:04:05", "end": "00:04:09", "text": "circuit breaker language. And what he"}, {"start": "00:04:07", "end": "00:04:12", "text": "said was adding the language would be a"}, {"start": "00:04:09", "end": "00:04:15", "text": "test for the banks. If they still oppose"}, {"start": "00:04:12", "end": "00:04:16", "text": "it with the bill with a circuit breaker"}, {"start": "00:04:15", "end": "00:04:19", "text": "provision, then he suggested their"}, {"start": "00:04:16", "end": "00:04:21", "text": "concerns about, you know, deposit flight"}, {"start": "00:04:19", "end": "00:04:24", "text": "is just pretty much BS. Let's just say"}, {"start": "00:04:21", "end": "00:04:28", "text": "it is BS. And I think that is the issue"}, {"start": "00:04:24", "end": "00:04:30", "text": "right now. This is more about control of"}, {"start": "00:04:28", "end": "00:04:33", "text": "what eventually will be an emerging"}, {"start": "00:04:30", "end": "00:04:35", "text": "generation of new investors and a lot of"}, {"start": "00:04:33", "end": "00:04:36", "text": "new financial uh decisions that are"}, {"start": "00:04:35", "end": "00:04:39", "text": "going to be made out there. And I think"}, {"start": "00:04:36", "end": "00:04:41", "text": "banks are kind of on the line either way"}, {"start": "00:04:39", "end": "00:04:44", "text": "because there's been so much innovation"}, {"start": "00:04:41", "end": "00:04:45", "text": "in the fintech side of things. Another"}, {"start": "00:04:44", "end": "00:04:48", "text": "thing to look at right here and I think"}, {"start": "00:04:45", "end": "00:04:50", "text": "Farar hits it right here is the impact"}, {"start": "00:04:48", "end": "00:04:51", "text": "on stable coins on small banks has"}, {"start": "00:04:50", "end": "00:04:53", "text": "received a lot of attention but not for"}, {"start": "00:04:51", "end": "00:04:55", "text": "the right reasons. He goes on in this"}, {"start": "00:04:53", "end": "00:04:58", "text": "tweet says, \"Now the part small banks"}, {"start": "00:04:55", "end": "00:05:00", "text": "should actually care about, stable coins"}, {"start": "00:04:58", "end": "00:05:02", "text": "enable 4,000 community and regional"}, {"start": "00:05:00", "end": "00:05:05", "text": "banks to punch above their weight.\" This"}, {"start": "00:05:02", "end": "00:05:08", "text": "is what I actually think that the big"}, {"start": "00:05:05", "end": "00:05:10", "text": "banks are concerned about is that the"}, {"start": "00:05:08", "end": "00:05:13", "text": "little banks might actually have a"}, {"start": "00:05:10", "end": "00:05:15", "text": "chance here to grow. So, I don't know."}, {"start": "00:05:13", "end": "00:05:16", "text": "this is going to be maybe there's a"}, {"start": "00:05:15", "end": "00:05:19", "text": "fight brewing right now within the"}, {"start": "00:05:16", "end": "00:05:21", "text": "banking industry as a whole and this is"}, {"start": "00:05:19", "end": "00:05:23", "text": "just one of the cornerstones that would"}, {"start": "00:05:21", "end": "00:05:25", "text": "help drive it forward. If you look at"}, {"start": "00:05:23", "end": "00:05:28", "text": "the odds of clarity,"}, {"start": "00:05:25", "end": "00:05:30", "text": "it has been dropping really since we saw"}, {"start": "00:05:28", "end": "00:05:33", "text": "right there around May 10th. Uh I think"}, {"start": "00:05:30", "end": "00:05:36", "text": "it was Mother's Day weekend or so. They"}, {"start": "00:05:33", "end": "00:05:38", "text": "went after the uh senators and and I'm"}, {"start": "00:05:36", "end": "00:05:40", "text": "talking about the banks, the ABA. And"}, {"start": "00:05:38", "end": "00:05:42", "text": "that's the essentially the situation of"}, {"start": "00:05:40", "end": "00:05:44", "text": "the lobbying group putting a lot of"}, {"start": "00:05:42", "end": "00:05:46", "text": "pressure on. Since that occurred, we"}, {"start": "00:05:44", "end": "00:05:49", "text": "have seen kind of up and down, but the"}, {"start": "00:05:46", "end": "00:05:51", "text": "trend line is not good. Even holding at"}, {"start": "00:05:49", "end": "00:05:53", "text": "about a 40% chance right now. So let me"}, {"start": "00:05:51", "end": "00:05:57", "text": "go to another clip here cuz this is"}, {"start": "00:05:53", "end": "00:05:59", "text": "Lumus grilling WSH on issues on the"}, {"start": "00:05:57", "end": "00:06:01", "text": "destruction of records during the"}, {"start": "00:05:59", "end": "00:06:04", "text": "Silicon Valley bank. Now this is could"}, {"start": "00:06:01", "end": "00:06:05", "text": "ties into some of what maybe the banking"}, {"start": "00:06:04", "end": "00:06:06", "text": "industry is concerned about. Take a"}, {"start": "00:06:05", "end": "00:06:09", "text": "look."}, {"start": "00:06:06", "end": "00:06:13", "text": ">> You know there are rumors that there may"}, {"start": "00:06:09", "end": "00:06:17", "text": "have been destruction of records uh by"}, {"start": "00:06:13", "end": "00:06:19", "text": "some of the staff uh at the um division"}, {"start": "00:06:17", "end": "00:06:23", "text": "of bank supervision. And of course,"}, {"start": "00:06:19", "end": "00:06:25", "text": "that's a crime. So if records relating"}, {"start": "00:06:23", "end": "00:06:29", "text": "to the supervision of these banks were"}, {"start": "00:06:25", "end": "00:06:31", "text": "intentionally deleted by staff before"}, {"start": "00:06:29", "end": "00:06:34", "text": "you were at the Fed, before you ever"}, {"start": "00:06:31", "end": "00:06:36", "text": "became chairman, um, will you order your"}, {"start": "00:06:34", "end": "00:06:39", "text": "staff to assist in recovery of these"}, {"start": "00:06:36", "end": "00:06:40", "text": "records and cooperate with law"}, {"start": "00:06:39", "end": "00:06:42", "text": "enforcement?"}, {"start": "00:06:40", "end": "00:06:43", "text": ">> Yes. So I made a bold statement to one"}, {"start": "00:06:42", "end": "00:06:45", "text": "of your colleagues before that I was"}, {"start": "00:06:43", "end": "00:06:47", "text": "opposed to scams. I can make a bold"}, {"start": "00:06:45", "end": "00:06:49", "text": "statement. I'm opposed to criminal"}, {"start": "00:06:47", "end": "00:06:51", "text": "activity. I have no reason to believe"}, {"start": "00:06:49", "end": "00:06:53", "text": "there is any criminal activity here, but"}, {"start": "00:06:51", "end": "00:06:55", "text": "I think we want to get to the bottom of"}, {"start": "00:06:53", "end": "00:06:57", "text": "uh of an investigation. If there's an"}, {"start": "00:06:55", "end": "00:07:00", "text": "ongoing investigation, and investigators"}, {"start": "00:06:57", "end": "00:07:01", "text": "generally uh want access to things,"}, {"start": "00:07:00", "end": "00:07:02", "text": "there's no reason why they shouldn't"}, {"start": "00:07:01", "end": "00:07:04", "text": "have access."}, {"start": "00:07:02", "end": "00:07:05", "text": ">> Thank you."}, {"start": "00:07:04", "end": "00:07:07", "text": ">> All right. So, they're giving access."}, {"start": "00:07:05", "end": "00:07:09", "text": "We'll see if that uh pans out here"}, {"start": "00:07:07", "end": "00:07:13", "text": "because it could put some pressure on"}, {"start": "00:07:09", "end": "00:07:15", "text": "the Fed itself. Uh Lumis is also pushing"}, {"start": "00:07:13", "end": "00:07:17", "text": "obviously on clarity. She is the one"}, {"start": "00:07:15", "end": "00:07:20", "text": "senator I think that continues to kind"}, {"start": "00:07:17", "end": "00:07:21", "text": "of tout the horn for obvious reasons."}, {"start": "00:07:20", "end": "00:07:22", "text": "But let me play a clip on that. Take a"}, {"start": "00:07:21", "end": "00:07:24", "text": "look."}, {"start": "00:07:22", "end": "00:07:26", "text": ">> It's very important that we get this"}, {"start": "00:07:24", "end": "00:07:30", "text": "bill across the finish line before the"}, {"start": "00:07:26", "end": "00:07:35", "text": "August recess begins uh so we can make"}, {"start": "00:07:30", "end": "00:07:38", "text": "the markets aware of the stability uh"}, {"start": "00:07:35", "end": "00:07:41", "text": "that will be provided to them if they"}, {"start": "00:07:38", "end": "00:07:44", "text": "remain onshore in the United States to"}, {"start": "00:07:41", "end": "00:07:46", "text": "do business. This is a pivotal time for"}, {"start": "00:07:44", "end": "00:07:46", "text": "the industry and we want to meet their"}, {"start": "00:07:46", "end": "00:07:48", "text": "needs."}, {"start": "00:07:46", "end": "00:07:51", "text": ">> Is it fair to say this bill will be back"}, {"start": "00:07:48", "end": "00:07:52", "text": "on it will be on the Senate floor the"}, {"start": "00:07:51", "end": "00:07:55", "text": "week of July 20th?"}, {"start": "00:07:52", "end": "00:07:57", "text": ">> Well, I expect it'll be that week."}, {"start": "00:07:55", "end": "00:07:59", "text": ">> Then you have Patrick Wit right here."}, {"start": "00:07:57", "end": "00:08:01", "text": "The world won't wait on America forever."}, {"start": "00:07:59", "end": "00:08:02", "text": "We can either lead or we can just fall"}, {"start": "00:08:01", "end": "00:08:05", "text": "behind pretty much when it comes to"}, {"start": "00:08:02", "end": "00:08:08", "text": "digital assets. The problem is this"}, {"start": "00:08:05", "end": "00:08:10", "text": "guys. We did a video yesterday. This"}, {"start": "00:08:08", "end": "00:08:14", "text": "video is pumping right now and it's"}, {"start": "00:08:10", "end": "00:08:17", "text": "Japan and the reason that they just blew"}, {"start": "00:08:14", "end": "00:08:19", "text": "past the US and here is the core. They"}, {"start": "00:08:17", "end": "00:08:22", "text": "have essentially from the government"}, {"start": "00:08:19", "end": "00:08:27", "text": "level paved the way both on the banking"}, {"start": "00:08:22", "end": "00:08:30", "text": "infrastructure, the adoption model as"}, {"start": "00:08:27", "end": "00:08:33", "text": "well as the distribution model that it"}, {"start": "00:08:30", "end": "00:08:35", "text": "would take to implement crypto across"}, {"start": "00:08:33", "end": "00:08:38", "text": "the entire economy inside Japan."}, {"start": "00:08:35", "end": "00:08:40", "text": "Remember, Japan one of the largest"}, {"start": "00:08:38", "end": "00:08:43", "text": "trading partners with the US, but more"}, {"start": "00:08:40", "end": "00:08:46", "text": "importantly, one of the top five when it"}, {"start": "00:08:43", "end": "00:08:50", "text": "comes to economic powerhouses globally."}, {"start": "00:08:46", "end": "00:08:52", "text": "So, this is a huge move on Japan's side"}, {"start": "00:08:50", "end": "00:08:55", "text": "that is really positioning them because"}, {"start": "00:08:52", "end": "00:08:57", "text": "they understand there is a very"}, {"start": "00:08:55", "end": "00:08:59", "text": "interesting situation boiling when it"}, {"start": "00:08:57", "end": "00:09:01", "text": "comes to things like the reverse carry"}, {"start": "00:08:59", "end": "00:09:02", "text": "trade, which we've talked many times. If"}, {"start": "00:09:01", "end": "00:09:03", "text": "you guys know what that is, go out and"}, {"start": "00:09:02", "end": "00:09:05", "text": "do a little research on it. It"}, {"start": "00:09:03", "end": "00:09:07", "text": "essentially starts to put a lot of"}, {"start": "00:09:05", "end": "00:09:08", "text": "pressure on US treasuries and if they"}, {"start": "00:09:07", "end": "00:09:11", "text": "have an alternative system that"}, {"start": "00:09:08", "end": "00:09:13", "text": "essentially is underway, this is exactly"}, {"start": "00:09:11", "end": "00:09:17", "text": "what Patrick Whit and a lot of lawmakers"}, {"start": "00:09:13", "end": "00:09:20", "text": "are concerned with right now is that the"}, {"start": "00:09:17", "end": "00:09:23", "text": "US no longer becomes the center of the"}, {"start": "00:09:20", "end": "00:09:25", "text": "financial ecosystem. Uh Japan's 250"}, {"start": "00:09:23", "end": "00:09:28", "text": "billion SBI group now has partnered with"}, {"start": "00:09:25", "end": "00:09:30", "text": "Ono. This is another nail in that coffin"}, {"start": "00:09:28", "end": "00:09:31", "text": "as they continue to push through. This"}, {"start": "00:09:30", "end": "00:09:34", "text": "is going to bring Japanese stocks"}, {"start": "00:09:31", "end": "00:09:35", "text": "onchain, including tokenized assets"}, {"start": "00:09:34", "end": "00:09:37", "text": "through SBI. So that's more"}, {"start": "00:09:35", "end": "00:09:40", "text": "distribution. You've got the yen stable"}, {"start": "00:09:37", "end": "00:09:42", "text": "coin, JPYC. All of this will be used for"}, {"start": "00:09:40", "end": "00:09:46", "text": "payments and collateral. This clears the"}, {"start": "00:09:42", "end": "00:09:48", "text": "table for what Japan is really trying to"}, {"start": "00:09:46", "end": "00:09:50", "text": "do, and that is make a massive step"}, {"start": "00:09:48", "end": "00:09:51", "text": "forward. And I think their tax"}, {"start": "00:09:50", "end": "00:09:54", "text": "positioning when they reduce their"}, {"start": "00:09:51", "end": "00:09:56", "text": "capital gains from 50 to 20, I mean, can"}, {"start": "00:09:54", "end": "00:10:00", "text": "you imagine seeing your capital gains"}, {"start": "00:09:56", "end": "00:10:02", "text": "tax going from 50% on crypto to 20%."}, {"start": "00:10:00", "end": "00:10:03", "text": "This is going to ignite activity. And I"}, {"start": "00:10:02", "end": "00:10:05", "text": "think that might be why we're seeing a"}, {"start": "00:10:03", "end": "00:10:08", "text": "little bit movement in the market right"}, {"start": "00:10:05", "end": "00:10:11", "text": "now. So, as you can see, guys, for the"}, {"start": "00:10:08", "end": "00:10:14", "text": "amount of updates that J the Japanese"}, {"start": "00:10:11", "end": "00:10:16", "text": "are doing right now and the speed in"}, {"start": "00:10:14", "end": "00:10:18", "text": "which they're aligning this, it's"}, {"start": "00:10:16", "end": "00:10:20", "text": "possible we could see all sorts of"}, {"start": "00:10:18", "end": "00:10:22", "text": "announcements that would continue on. 20"}, {"start": "00:10:20", "end": "00:10:25", "text": "days could be a lifetime based on"}, {"start": "00:10:22", "end": "00:10:28", "text": "everything that is happening because I"}, {"start": "00:10:25", "end": "00:10:30", "text": "think there is a slew of companies here"}, {"start": "00:10:28", "end": "00:10:33", "text": "in the United States that are simply"}, {"start": "00:10:30", "end": "00:10:35", "text": "waiting for the Senate to say yes. The"}, {"start": "00:10:33", "end": "00:10:38", "text": "minute they do, you are going to see an"}, {"start": "00:10:35", "end": "00:10:40", "text": "an absolute explosion of announcements,"}, {"start": "00:10:38", "end": "00:10:43", "text": "press releases, movements, strategic"}, {"start": "00:10:40", "end": "00:10:45", "text": "partnerships, a lot of these NDAs"}, {"start": "00:10:43", "end": "00:10:47", "text": "completely uncovered and a whole"}, {"start": "00:10:45", "end": "00:10:50", "text": "movement, I think, in crypto going"}, {"start": "00:10:47", "end": "00:10:52", "text": "forward. We're ready. The trigger is"}, {"start": "00:10:50", "end": "00:10:55", "text": "there and ready to pull. I think the"}, {"start": "00:10:52", "end": "00:10:57", "text": "problem is that we've got Capitol Hill"}, {"start": "00:10:55", "end": "00:10:59", "text": "holding all of this up right now. That's"}, {"start": "00:10:57", "end": "00:11:01", "text": "what it boils down to. I want to go to a"}, {"start": "00:10:59", "end": "00:11:03", "text": "clip here, though. Let's jump over to"}, {"start": "00:11:01", "end": "00:11:06", "text": "how crypto and AI are connected at the"}, {"start": "00:11:03", "end": "00:11:07", "text": "hip and what it might mean going"}, {"start": "00:11:06", "end": "00:11:10", "text": "forward. This is Tom Lee."}, {"start": "00:11:07", "end": "00:11:13", "text": ">> There may be a point in time where if"}, {"start": "00:11:10", "end": "00:11:15", "text": "our delegated agents make more money"}, {"start": "00:11:13", "end": "00:11:17", "text": "than us, we're going to wonder if we"}, {"start": "00:11:15", "end": "00:11:19", "text": "work for them or they work for us. And I"}, {"start": "00:11:17", "end": "00:11:22", "text": "think that crypto is really one of the"}, {"start": "00:11:19", "end": "00:11:23", "text": "ways for humans to control the future"}, {"start": "00:11:22", "end": "00:11:24", "text": "role of agents. Right? Market was"}, {"start": "00:11:23", "end": "00:11:28", "text": "looking for two cuts, now it's two"}, {"start": "00:11:24", "end": "00:11:31", "text": "hikes. Um that's a headwind. the Clarity"}, {"start": "00:11:28", "end": "00:11:33", "text": "Act, which was supposed to help provide"}, {"start": "00:11:31", "end": "00:11:36", "text": "and create federal preeemption of"}, {"start": "00:11:33", "end": "00:11:38", "text": "cryptocurrency rules and let the CFTC"}, {"start": "00:11:36", "end": "00:11:40", "text": "essentially have purview over that"}, {"start": "00:11:38", "end": "00:11:43", "text": "industry. You know, that's still stuck"}, {"start": "00:11:40", "end": "00:11:46", "text": "in the Congress processes."}, {"start": "00:11:43", "end": "00:11:49", "text": "And um AI of course has done so well to"}, {"start": "00:11:46", "end": "00:11:50", "text": "me uh headwinds, but they're not"}, {"start": "00:11:49", "end": "00:11:52", "text": "creating what I call interotal"}, {"start": "00:11:50", "end": "00:11:53", "text": "replacements. I think blockchain is"}, {"start": "00:11:52", "end": "00:11:56", "text": "still going to be central to the future"}, {"start": "00:11:53", "end": "00:11:59", "text": "of the financial services industry and"}, {"start": "00:11:56", "end": "00:12:01", "text": "actually to how we manage AI."}, {"start": "00:11:59", "end": "00:12:03", "text": ">> All right. So, some very key statements"}, {"start": "00:12:01", "end": "00:12:06", "text": "there. One, the fact that he mentioned"}, {"start": "00:12:03", "end": "00:12:09", "text": "clarity just shows you that he's fully"}, {"start": "00:12:06", "end": "00:12:11", "text": "in tune with why this is so important."}, {"start": "00:12:09", "end": "00:12:14", "text": "He also understands the implementation"}, {"start": "00:12:11", "end": "00:12:16", "text": "of how AI agents are going to be"}, {"start": "00:12:14", "end": "00:12:18", "text": "transacting on our behalf in the future."}, {"start": "00:12:16", "end": "00:12:19", "text": "And it's coming, guys, very quickly. I"}, {"start": "00:12:18", "end": "00:12:21", "text": "think we're going to probably see it"}, {"start": "00:12:19", "end": "00:12:22", "text": "integrated more and more into the"}, {"start": "00:12:21", "end": "00:12:24", "text": "centralized exchange products that are"}, {"start": "00:12:22", "end": "00:12:26", "text": "out there. Robin Hood has already gone"}, {"start": "00:12:24", "end": "00:12:29", "text": "this direction. A handful of others are"}, {"start": "00:12:26", "end": "00:12:30", "text": "moving this direction. It won't be very"}, {"start": "00:12:29", "end": "00:12:33", "text": "long. I think by end of year, you're"}, {"start": "00:12:30", "end": "00:12:35", "text": "going to see really active portfolios by"}, {"start": "00:12:33", "end": "00:12:38", "text": "average people, average traders that are"}, {"start": "00:12:35", "end": "00:12:39", "text": "doing some pretty amazing things. Uh"}, {"start": "00:12:38", "end": "00:12:41", "text": "Visa actually said that AI agents will"}, {"start": "00:12:39", "end": "00:12:42", "text": "use stable coin payments for tiny"}, {"start": "00:12:41", "end": "00:12:44", "text": "payments. So now we're talking about"}, {"start": "00:12:42", "end": "00:12:46", "text": "micro payments uh that would get"}, {"start": "00:12:44", "end": "00:12:48", "text": "involved in the into this and I think"}, {"start": "00:12:46", "end": "00:12:49", "text": "that opens things up. stable coins to be"}, {"start": "00:12:48", "end": "00:12:51", "text": "a part of that. That's a multi-t"}, {"start": "00:12:49", "end": "00:12:54", "text": "trillion dollar industry in itself"}, {"start": "00:12:51", "end": "00:12:56", "text": "globally. So imagine all of that still"}, {"start": "00:12:54", "end": "00:12:58", "text": "coming on blockchain and we haven't even"}, {"start": "00:12:56", "end": "00:13:01", "text": "moved the multi-trillion in terms of"}, {"start": "00:12:58", "end": "00:13:03", "text": "asset you know liquidity into risk"}, {"start": "00:13:01", "end": "00:13:05", "text": "assets overall which continues to put"}, {"start": "00:13:03", "end": "00:13:08", "text": "more pressure on the overall market in"}, {"start": "00:13:05", "end": "00:13:10", "text": "general. Stripe and PayPal though are"}, {"start": "00:13:08", "end": "00:13:13", "text": "still courting a deal. Uh this deal"}, {"start": "00:13:10", "end": "00:13:15", "text": "could put PYUSD if you guys don't know"}, {"start": "00:13:13", "end": "00:13:18", "text": "that is PayPal's stable coin. Yeah, they"}, {"start": "00:13:15", "end": "00:13:21", "text": "have one. Uh, and this would put it into"}, {"start": "00:13:18", "end": "00:13:23", "text": "basically Vinmo's 400 million users"}, {"start": "00:13:21", "end": "00:13:27", "text": "blockchain payment rails. So, you'd have"}, {"start": "00:13:23", "end": "00:13:29", "text": "Vinmo, PayPal, and Stripe all connected."}, {"start": "00:13:27", "end": "00:13:31", "text": "If the government doesn't shut this"}, {"start": "00:13:29", "end": "00:13:33", "text": "down, you know, from an antitrust"}, {"start": "00:13:31", "end": "00:13:35", "text": "standpoint,"}, {"start": "00:13:33", "end": "00:13:38", "text": "I think this would be interesting. The"}, {"start": "00:13:35", "end": "00:13:40", "text": "other side to this is this pivots PayPal"}, {"start": "00:13:38", "end": "00:13:44", "text": "out of a public company because Stripe"}, {"start": "00:13:40", "end": "00:13:46", "text": "obviously not public yet. Um, PayPal"}, {"start": "00:13:44", "end": "00:13:49", "text": "surged on the news. This of course will"}, {"start": "00:13:46", "end": "00:13:51", "text": "be a question mark, but does this do"}, {"start": "00:13:49", "end": "00:13:54", "text": "something for PYUSD and maybe even the"}, {"start": "00:13:51", "end": "00:13:55", "text": "strategy that Stripe could be putting"}, {"start": "00:13:54", "end": "00:13:57", "text": "together? Again, this is all still"}, {"start": "00:13:55", "end": "00:14:00", "text": "speculation because this would have to"}, {"start": "00:13:57", "end": "00:14:04", "text": "go through a lot of regulation to just"}, {"start": "00:14:00", "end": "00:14:06", "text": "get done uh for sure. Micron though in"}, {"start": "00:14:04", "end": "00:14:09", "text": "the meantime uh has continued to"}, {"start": "00:14:06", "end": "00:14:12", "text": "retrace. Now, Micron has been one of the"}, {"start": "00:14:09", "end": "00:14:15", "text": "winners overall when it comes to the"}, {"start": "00:14:12", "end": "00:14:17", "text": "semiconductor stocks and the reason"}, {"start": "00:14:15", "end": "00:14:19", "text": "obvious you know they make the chips and"}, {"start": "00:14:17", "end": "00:14:21", "text": "memory that goes in almost every device"}, {"start": "00:14:19", "end": "00:14:23", "text": "out there that you're utilizing today."}, {"start": "00:14:21", "end": "00:14:25", "text": "Uh that of course has blown off top."}, {"start": "00:14:23", "end": "00:14:29", "text": "We've started to see a pull down. Micron"}, {"start": "00:14:25", "end": "00:14:31", "text": "is down now 30% since just June 22nd,"}, {"start": "00:14:29", "end": "00:14:34", "text": "guys. So less than a month we have seen"}, {"start": "00:14:31", "end": "00:14:36", "text": "a 30% drop. So this probably hurt some"}, {"start": "00:14:34", "end": "00:14:38", "text": "retail traders that were trying to look"}, {"start": "00:14:36", "end": "00:14:41", "text": "at where this was heading. Uh the"}, {"start": "00:14:38", "end": "00:14:42", "text": "semiconductor stocks are the new leaders"}, {"start": "00:14:41", "end": "00:14:44", "text": "in the market though still and I think"}, {"start": "00:14:42", "end": "00:14:48", "text": "everybody's trying to figure that out."}, {"start": "00:14:44", "end": "00:14:50", "text": "But Micron at the time contributed 1.4"}, {"start": "00:14:48", "end": "00:14:52", "text": "percentage points to the S&P's 500. Uh"}, {"start": "00:14:50", "end": "00:14:54", "text": "that was after their gains. Uh this of"}, {"start": "00:14:52", "end": "00:14:56", "text": "course was during the stock which had"}, {"start": "00:14:54", "end": "00:14:58", "text": "rallied over a long period of time. Are"}, {"start": "00:14:56", "end": "00:15:00", "text": "we seeing a rotation is really what the"}, {"start": "00:14:58", "end": "00:15:04", "text": "question is. If there is a rotation out"}, {"start": "00:15:00", "end": "00:15:06", "text": "of this, whether it's going into capital"}, {"start": "00:15:04", "end": "00:15:09", "text": "like stable coins or into just cash in"}, {"start": "00:15:06", "end": "00:15:13", "text": "general and ready for either a final dip"}, {"start": "00:15:09", "end": "00:15:16", "text": "or possibly what leg up we are on right"}, {"start": "00:15:13", "end": "00:15:18", "text": "now as Ethereum hits almost $2,000. So"}, {"start": "00:15:16", "end": "00:15:20", "text": "maybe there is some strategy going on"}, {"start": "00:15:18", "end": "00:15:22", "text": "right now from the semiconductor traders"}, {"start": "00:15:20", "end": "00:15:25", "text": "that are starting to shift into more"}, {"start": "00:15:22", "end": "00:15:28", "text": "risk. Here is Mark Cudmore talking about"}, {"start": "00:15:25", "end": "00:15:30", "text": "the AI turning point. Take a look. I"}, {"start": "00:15:28", "end": "00:15:32", "text": "think the bubble keeps on inflating"}, {"start": "00:15:30", "end": "00:15:34", "text": "until an earning season change and what"}, {"start": "00:15:32", "end": "00:15:36", "text": "I'm looking for an earning season is a"}, {"start": "00:15:34", "end": "00:15:38", "text": "slash in capex. So I think it is a"}, {"start": "00:15:36", "end": "00:15:39", "text": "tremendous AI capex bubble. I think it's"}, {"start": "00:15:38", "end": "00:15:41", "text": "going to be very painful when it happens"}, {"start": "00:15:39", "end": "00:15:44", "text": "but I don't think you can preempt it and"}, {"start": "00:15:41", "end": "00:15:45", "text": "I think it's it's a I think you know is"}, {"start": "00:15:44", "end": "00:15:47", "text": "this is this a turning point now? I"}, {"start": "00:15:45", "end": "00:15:49", "text": "don't think so. Um but like I'm"}, {"start": "00:15:47", "end": "00:15:51", "text": "openminded but like basically I think"}, {"start": "00:15:49", "end": "00:15:53", "text": "you've got to stay uh underlying"}, {"start": "00:15:51", "end": "00:15:55", "text": "positive until we get that capex"}, {"start": "00:15:53", "end": "00:15:56", "text": "reduction. However, as we discussed"}, {"start": "00:15:55", "end": "00:15:57", "text": "since May, I think we're in the much"}, {"start": "00:15:56", "end": "00:15:58", "text": "more volatile stage. And I think the"}, {"start": "00:15:57", "end": "00:15:59", "text": "volatility we've seen in the last 2"}, {"start": "00:15:58", "end": "00:16:00", "text": "months is what we're going to get for"}, {"start": "00:15:59", "end": "00:16:02", "text": "the next few months. But like the prior"}, {"start": "00:16:00", "end": "00:16:04", "text": "bubbles, that volatile stage lasts about"}, {"start": "00:16:02", "end": "00:16:05", "text": "6 months. So to me, you know, my my base"}, {"start": "00:16:04", "end": "00:16:07", "text": "case is we're another earning season"}, {"start": "00:16:05", "end": "00:16:09", "text": "away always. But I'm going to be"}, {"start": "00:16:07", "end": "00:16:11", "text": "open-minded to every single hyperscaler"}, {"start": "00:16:09", "end": "00:16:13", "text": "earnings report. As soon as capex gets"}, {"start": "00:16:11", "end": "00:16:15", "text": "slashed, that's game over."}, {"start": "00:16:13", "end": "00:16:17", "text": ">> All right. So this is something that is"}, {"start": "00:16:15", "end": "00:16:20", "text": "critical to pay attention to guys"}, {"start": "00:16:17", "end": "00:16:24", "text": "because you're looking at two colliding"}, {"start": "00:16:20", "end": "00:16:27", "text": "forces here. one capex potentially going"}, {"start": "00:16:24", "end": "00:16:30", "text": "to the line of let's reduce spending"}, {"start": "00:16:27", "end": "00:16:32", "text": "when that does just like Coder just said"}, {"start": "00:16:30", "end": "00:16:35", "text": "it's game over that means rotation of"}, {"start": "00:16:32", "end": "00:16:38", "text": "capital only one caveat if clarity"}, {"start": "00:16:35", "end": "00:16:41", "text": "doesn't spin through Washington then you"}, {"start": "00:16:38", "end": "00:16:43", "text": "have basically a mismatch of where that"}, {"start": "00:16:41", "end": "00:16:45", "text": "liquidity could go instead of into"}, {"start": "00:16:43", "end": "00:16:47", "text": "crypto because it's got you know a"}, {"start": "00:16:45", "end": "00:16:49", "text": "regulatory pathway now you could be"}, {"start": "00:16:47", "end": "00:16:52", "text": "running into something else so this is a"}, {"start": "00:16:49", "end": "00:16:54", "text": "very sensitive time right now in the"}, {"start": "00:16:52", "end": "00:16:56", "text": "markets. So, pay attention to that."}, {"start": "00:16:54", "end": "00:16:58", "text": "Larry Frink, though, thinks there's"}, {"start": "00:16:56", "end": "00:17:01", "text": "something else happening. Listen to what"}, {"start": "00:16:58", "end": "00:17:03", "text": "he had to say. I was always worried"}, {"start": "00:17:01", "end": "00:17:05", "text": "about the leverage in in Bitcoin and"}, {"start": "00:17:03", "end": "00:17:07", "text": "crypto. There was too much leverage"}, {"start": "00:17:05", "end": "00:17:08", "text": "players in it. That's why we had the"}, {"start": "00:17:07", "end": "00:17:11", "text": "wash out and I think there's more"}, {"start": "00:17:08", "end": "00:17:14", "text": "stability at these levels here. But for"}, {"start": "00:17:11", "end": "00:17:17", "text": "the scale of the capital markets today,"}, {"start": "00:17:14", "end": "00:17:19", "text": "the leverage is not as large. I mean"}, {"start": "00:17:17", "end": "00:17:23", "text": "that that that doesn't mean there's not"}, {"start": "00:17:19", "end": "00:17:25", "text": "pockets. Uh but no, I I I as I said in"}, {"start": "00:17:23", "end": "00:17:27", "text": "my prepared remarks this morning, I'm"}, {"start": "00:17:25", "end": "00:17:29", "text": "very bullish on the markets over the"}, {"start": "00:17:27", "end": "00:17:32", "text": "next 12 months."}, {"start": "00:17:29", "end": "00:17:34", "text": ">> All right. So Fin's point there is I"}, {"start": "00:17:32", "end": "00:17:36", "text": "think it's well taken in the sense that"}, {"start": "00:17:34", "end": "00:17:38", "text": "most of the leverage the the extreme"}, {"start": "00:17:36", "end": "00:17:40", "text": "leverage has been flushed out. That's"}, {"start": "00:17:38", "end": "00:17:42", "text": "the move we've seen from 125 to down to"}, {"start": "00:17:40", "end": "00:17:45", "text": "where we are 65 now uh in terms of"}, {"start": "00:17:42", "end": "00:17:47", "text": "Bitcoin. Um, but I think also what he's"}, {"start": "00:17:45", "end": "00:17:49", "text": "going to is that it's getting more"}, {"start": "00:17:47", "end": "00:17:51", "text": "stable, which means that Wall Street's"}, {"start": "00:17:49", "end": "00:17:54", "text": "getting a little bit more comfortable"}, {"start": "00:17:51", "end": "00:17:55", "text": "with the play on crypto in general."}, {"start": "00:17:54", "end": "00:17:57", "text": "Bitcoin of course leading the charge"}, {"start": "00:17:55", "end": "00:17:59", "text": "there, but this will also flow over into"}, {"start": "00:17:57", "end": "00:18:02", "text": "ETH and a handful of other blue chips."}, {"start": "00:17:59", "end": "00:18:05", "text": "So, the fact that he is very bullish,"}, {"start": "00:18:02", "end": "00:18:07", "text": "you've got Tom Lee still very bullish."}, {"start": "00:18:05", "end": "00:18:10", "text": "You've got the market kind of looking"}, {"start": "00:18:07", "end": "00:18:11", "text": "for an opportunity of a rotation, but"}, {"start": "00:18:10", "end": "00:18:14", "text": "yet you've got a hold up over here with"}, {"start": "00:18:11", "end": "00:18:15", "text": "clarity. Do you see the mismatch here,"}, {"start": "00:18:14", "end": "00:18:20", "text": "guys? Because this is what we're dealing"}, {"start": "00:18:15", "end": "00:18:20", "text": "with right now. So, stay tuned."}, {"start": "00:18:24", "end": "00:18:28", "text": "If you like this video, hit like and"}, {"start": "00:18:26", "end": "00:18:30", "text": "subscribe, drop a comment down below,"}, {"start": "00:18:28", "end": "00:18:34", "text": "and also join our free private member"}, {"start": "00:18:30", "end": "00:18:34", "text": "group. The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Japan has just sent shockwaves through"}, {"start": "00:00:02", "end": "00:00:06", "text": "the crypto industry. We'll break it down"}, {"start": "00:00:03", "end": "00:00:09", "text": "today cuz there is a lot to unwrap here"}, {"start": "00:00:06", "end": "00:00:11", "text": "and how it affects the United States and"}, {"start": "00:00:09", "end": "00:00:13", "text": "the overall global crypto market. Let's"}, {"start": "00:00:11", "end": "00:00:15", "text": "just go into it. I want to thank our"}, {"start": "00:00:13", "end": "00:00:17", "text": "sponsor and that is Tangem. You're going"}, {"start": "00:00:15", "end": "00:00:20", "text": "to thank me on this one after you see"}, {"start": "00:00:17", "end": "00:00:23", "text": "today's video because self-custody is"}, {"start": "00:00:20", "end": "00:00:25", "text": "going to become a thing. Grant my word,"}, {"start": "00:00:23", "end": "00:00:26", "text": "we are going to see it and you guys"}, {"start": "00:00:25", "end": "00:00:28", "text": "could start right here. Just go over and"}, {"start": "00:00:26", "end": "00:00:30", "text": "get your own self-custody wallet. This"}, {"start": "00:00:28", "end": "00:00:34", "text": "is a very secure and probably I would"}, {"start": "00:00:30", "end": "00:00:36", "text": "say the best one out there to use. Very"}, {"start": "00:00:34", "end": "00:00:38", "text": "easy to set up. Full ownership on you."}, {"start": "00:00:36", "end": "00:00:40", "text": "You can put your digital assets from all"}, {"start": "00:00:38", "end": "00:00:42", "text": "your exchanges into one card. You have"}, {"start": "00:00:40", "end": "00:00:44", "text": "multiple card options here for security."}, {"start": "00:00:42", "end": "00:00:46", "text": "You can buy multiple card sets so you've"}, {"start": "00:00:44", "end": "00:00:49", "text": "got multiple wallets in different"}, {"start": "00:00:46", "end": "00:00:51", "text": "places. All sorts of ways to do this."}, {"start": "00:00:49", "end": "00:00:52", "text": "Seedless by design, very easy to get"}, {"start": "00:00:51", "end": "00:00:55", "text": "going."}, {"start": "00:00:52", "end": "00:00:57", "text": "Join, of course, the Tangem horde out"}, {"start": "00:00:55", "end": "00:00:59", "text": "there because a lot of people are using"}, {"start": "00:00:57", "end": "00:01:00", "text": "this one today. Use a link down below."}, {"start": "00:00:59", "end": "00:01:02", "text": "You'll get some discounts. All right,"}, {"start": "00:01:00", "end": "00:01:04", "text": "let's go over to one thing right here. I"}, {"start": "00:01:02", "end": "00:01:07", "text": "want to hit on one last point. Clarity"}, {"start": "00:01:04", "end": "00:01:09", "text": "is in the countdown phase. We are 22"}, {"start": "00:01:07", "end": "00:01:12", "text": "days away of pretty much a no-fly zone"}, {"start": "00:01:09", "end": "00:01:14", "text": "before midterms, which means that we"}, {"start": "00:01:12", "end": "00:01:17", "text": "will have a split house and Senate to"}, {"start": "00:01:14", "end": "00:01:18", "text": "try to get this through after if that"}, {"start": "00:01:17", "end": "00:01:21", "text": "does even occur."}, {"start": "00:01:18", "end": "00:01:24", "text": "So the challenge is on right now. With"}, {"start": "00:01:21", "end": "00:01:26", "text": "that, Japan is seeing this as a weakness"}, {"start": "00:01:24", "end": "00:01:29", "text": "and they have leaped forward. This was a"}, {"start": "00:01:26", "end": "00:01:31", "text": "conference that was just held this week."}, {"start": "00:01:29", "end": "00:01:33", "text": "I want to show you something here on the"}, {"start": "00:01:31", "end": "00:01:35", "text": "attendees of this conference."}, {"start": "00:01:33", "end": "00:01:37", "text": "First of all, a lot of different"}, {"start": "00:01:35", "end": "00:01:40", "text": "countries residing there in Pacific Rim,"}, {"start": "00:01:37", "end": "00:01:42", "text": "but there you have it. Sanae Takaichi,"}, {"start": "00:01:40", "end": "00:01:44", "text": "who is the Prime Minister of Japan and"}, {"start": "00:01:42", "end": "00:01:47", "text": "pretty much every finance minister in"}, {"start": "00:01:44", "end": "00:01:50", "text": "Japan was at this event including Tom"}, {"start": "00:01:47", "end": "00:01:53", "text": "Lee, Hayden Adams. That's Uniswap and"}, {"start": "00:01:50", "end": "00:01:55", "text": "Ethereum. All for a very, very important"}, {"start": "00:01:53", "end": "00:01:58", "text": "reason and that is major moves and"}, {"start": "00:01:55", "end": "00:02:01", "text": "announcements in Japan that are"}, {"start": "00:01:58", "end": "00:02:02", "text": "happening. The Japanese Prime Minister"}, {"start": "00:02:01", "end": "00:02:05", "text": "came in and pledged to strengthen the"}, {"start": "00:02:02", "end": "00:02:07", "text": "support for Web3 startups. Basically,"}, {"start": "00:02:05", "end": "00:02:10", "text": "guys, what they're doing is outflanking"}, {"start": "00:02:07", "end": "00:02:13", "text": "clarity. This support and development of"}, {"start": "00:02:10", "end": "00:02:16", "text": "their Web3 innovation is going to leap"}, {"start": "00:02:13", "end": "00:02:18", "text": "forward. Japan could become the number"}, {"start": "00:02:16", "end": "00:02:20", "text": "one destination for crypto companies."}, {"start": "00:02:18", "end": "00:02:22", "text": "You watch. There's a lot happening here."}, {"start": "00:02:20", "end": "00:02:23", "text": "They built more crypto regulatory"}, {"start": "00:02:22", "end": "00:02:26", "text": "infrastructure in the past 3 years than"}, {"start": "00:02:23", "end": "00:02:28", "text": "G7 has done it in a decade."}, {"start": "00:02:26", "end": "00:02:30", "text": "Uh and capital gains rate, remember"}, {"start": "00:02:28", "end": "00:02:33", "text": "that? They were talking about doing that"}, {"start": "00:02:30", "end": "00:02:35", "text": "much longer into the future. No, that's"}, {"start": "00:02:33", "end": "00:02:40", "text": "on the the deck now going from a crypto"}, {"start": "00:02:35", "end": "00:02:43", "text": "capital gains rate of 55% down to 20%."}, {"start": "00:02:40", "end": "00:02:46", "text": "All of this coming in at Taika Hachi's"}, {"start": "00:02:43", "end": "00:02:51", "text": "request. And I think this moves them way"}, {"start": "00:02:46", "end": "00:02:51", "text": "ahead of most of the US and other allies"}, {"start": "00:02:51", "end": "00:02:53", "text": "out there that are trying to put"}, {"start": "00:02:51", "end": "00:02:56", "text": "together cuz remember, MiCA has been"}, {"start": "00:02:53", "end": "00:02:58", "text": "doing this, but very restrictive uh in"}, {"start": "00:02:56", "end": "00:03:00", "text": "terms of how they do it. Remember, all"}, {"start": "00:02:58", "end": "00:03:03", "text": "What was it? Over 3,000 different crypto"}, {"start": "00:03:00", "end": "00:03:06", "text": "projects were delisted in uh the EU"}, {"start": "00:03:03", "end": "00:03:08", "text": "because of what was happening in MiCA."}, {"start": "00:03:06", "end": "00:03:10", "text": "Japan is getting into a position where"}, {"start": "00:03:08", "end": "00:03:12", "text": "they may take pole position. Uh their"}, {"start": "00:03:10", "end": "00:03:14", "text": "upper house committee has approved a"}, {"start": "00:03:12", "end": "00:03:16", "text": "legislation to reclassify Bitcoin and"}, {"start": "00:03:14", "end": "00:03:18", "text": "other ETFs that are all happening and"}, {"start": "00:03:16", "end": "00:03:21", "text": "they basically rubber-stamped all of"}, {"start": "00:03:18", "end": "00:03:22", "text": "this. This was the house administration"}, {"start": "00:03:21", "end": "00:03:24", "text": "going through it. The proposal would"}, {"start": "00:03:22", "end": "00:03:26", "text": "slash crypto taxes. All of that went"}, {"start": "00:03:24", "end": "00:03:29", "text": "through all at the same time that this"}, {"start": "00:03:26", "end": "00:03:31", "text": "is going on. And some of those reasons"}, {"start": "00:03:29", "end": "00:03:33", "text": "are these announcements that they made"}, {"start": "00:03:31", "end": "00:03:35", "text": "at this recent event. One of the big"}, {"start": "00:03:33", "end": "00:03:38", "text": "announcements was this one right here."}, {"start": "00:03:35", "end": "00:03:39", "text": "Of course, this is SBI partnering with"}, {"start": "00:03:38", "end": "00:03:42", "text": "Solana. You guys will recognize this"}, {"start": "00:03:39", "end": "00:03:44", "text": "name. SBI also partnered with Ripple."}, {"start": "00:03:42", "end": "00:03:46", "text": "And I wonder what they're getting ready"}, {"start": "00:03:44", "end": "00:03:48", "text": "to do with Ripple. That could be uh some"}, {"start": "00:03:46", "end": "00:03:51", "text": "interesting things because there is a"}, {"start": "00:03:48", "end": "00:03:54", "text": "slew of issues that are facing a change,"}, {"start": "00:03:51", "end": "00:03:55", "text": "almost a tsunami wave uh in Japan."}, {"start": "00:03:54", "end": "00:03:58", "text": "They're also launching with that the"}, {"start": "00:03:55", "end": "00:04:00", "text": "Japan high dividend equity strategy"}, {"start": "00:03:58", "end": "00:04:02", "text": "token. So, this will be one that will"}, {"start": "00:04:00", "end": "00:04:05", "text": "you'll be able to invest in, earn"}, {"start": "00:04:02", "end": "00:04:07", "text": "interest on. So, imagine, well, first of"}, {"start": "00:04:05", "end": "00:04:10", "text": "all, understand that right now we've got"}, {"start": "00:04:07", "end": "00:04:12", "text": "these kinds of entities, the JP Morgan"}, {"start": "00:04:10", "end": "00:04:15", "text": "level entities here in the US that are"}, {"start": "00:04:12", "end": "00:04:17", "text": "basically fighting us tooth and nail for"}, {"start": "00:04:15", "end": "00:04:19", "text": "banning yields. Here you've got the"}, {"start": "00:04:17", "end": "00:04:22", "text": "Japanese supporting it both from a"}, {"start": "00:04:19", "end": "00:04:23", "text": "government level, from the architect"}, {"start": "00:04:22", "end": "00:04:26", "text": "architectural level, and also from the"}, {"start": "00:04:23", "end": "00:04:29", "text": "infrastructure side of things. This is a"}, {"start": "00:04:26", "end": "00:04:32", "text": "a huge hit right now. Japan's largest"}, {"start": "00:04:29", "end": "00:04:34", "text": "STO program now is live on Avax, another"}, {"start": "00:04:32", "end": "00:04:36", "text": "major announcement. You go over and look"}, {"start": "00:04:34", "end": "00:04:39", "text": "at just some of the net inflows. You've"}, {"start": "00:04:36", "end": "00:04:41", "text": "seen Avalanche and Solana explode"}, {"start": "00:04:39", "end": "00:04:44", "text": "because of what's going on. And you've"}, {"start": "00:04:41", "end": "00:04:46", "text": "got this launch of JPYSC, which"}, {"start": "00:04:44", "end": "00:04:48", "text": "essentially is their stablecoin. The"}, {"start": "00:04:46", "end": "00:04:50", "text": "initial offering will provide an"}, {"start": "00:04:48", "end": "00:04:52", "text": "annualized yield of approximately 3% on"}, {"start": "00:04:50", "end": "00:04:55", "text": "a 12-week term, around 1 to 3% for"}, {"start": "00:04:52", "end": "00:04:58", "text": "regular periods. This is basically a"}, {"start": "00:04:55", "end": "00:05:00", "text": "government stablecoin that everybody in"}, {"start": "00:04:58", "end": "00:05:03", "text": "the in Japan will be able to get access"}, {"start": "00:05:00", "end": "00:05:06", "text": "to. Think about if something like USDC"}, {"start": "00:05:03", "end": "00:05:07", "text": "became that type of government-backed"}, {"start": "00:05:06", "end": "00:05:09", "text": "stablecoin"}, {"start": "00:05:07", "end": "00:05:10", "text": "that went out to every bank, and you"}, {"start": "00:05:09", "end": "00:05:11", "text": "immediately started earn earning"}, {"start": "00:05:10", "end": "00:05:14", "text": "interest on it. That's the kind of"}, {"start": "00:05:11", "end": "00:05:16", "text": "impact that this has. So, now that"}, {"start": "00:05:14", "end": "00:05:18", "text": "they've got a stablecoin underway, they"}, {"start": "00:05:16", "end": "00:05:20", "text": "need distribution. One of the key ways"}, {"start": "00:05:18", "end": "00:05:22", "text": "that you do that is through app"}, {"start": "00:05:20", "end": "00:05:24", "text": "launches. And this was the Startale app."}, {"start": "00:05:22", "end": "00:05:27", "text": "We've had these guys on before. Uh you"}, {"start": "00:05:24", "end": "00:05:28", "text": "guys probably remember uh Sonium in the"}, {"start": "00:05:27", "end": "00:05:30", "text": "discussion we've had with them, but"}, {"start": "00:05:28", "end": "00:05:32", "text": "that's a good example. This is the core"}, {"start": "00:05:30", "end": "00:05:34", "text": "of where this is heading in terms of"}, {"start": "00:05:32", "end": "00:05:36", "text": "creating"}, {"start": "00:05:34", "end": "00:05:38", "text": "real-time payment infrastructure that is"}, {"start": "00:05:36", "end": "00:05:40", "text": "going to be on the blockchain. And it's"}, {"start": "00:05:38", "end": "00:05:43", "text": "going to be tied into the banking"}, {"start": "00:05:40", "end": "00:05:44", "text": "infrastructure and every Japanese"}, {"start": "00:05:43", "end": "00:05:46", "text": "citizen. So,"}, {"start": "00:05:44", "end": "00:05:49", "text": "that is huge. Sui also announced their"}, {"start": "00:05:46", "end": "00:05:51", "text": "deal, which is pretty much feeless"}, {"start": "00:05:49", "end": "00:05:53", "text": "stable coins and you can kind of see Sui"}, {"start": "00:05:51", "end": "00:05:55", "text": "of course and you'll be able to use this"}, {"start": "00:05:53", "end": "00:05:57", "text": "with pretty much everything in Japan"}, {"start": "00:05:55", "end": "00:05:59", "text": "buying anything and everything. Think of"}, {"start": "00:05:57", "end": "00:06:01", "text": "this as a super app, almost like Apple"}, {"start": "00:05:59", "end": "00:06:04", "text": "Pay I guess in a way, but on the"}, {"start": "00:06:01", "end": "00:06:05", "text": "blockchain feeless. Imagine that for the"}, {"start": "00:06:04", "end": "00:06:06", "text": "merchants."}, {"start": "00:06:05", "end": "00:06:08", "text": "The kind of savings that they're going"}, {"start": "00:06:06", "end": "00:06:09", "text": "to be getting. This was the other"}, {"start": "00:06:08", "end": "00:06:12", "text": "announcement right here. This is Circle"}, {"start": "00:06:09", "end": "00:06:14", "text": "partner with JCB. This is the kind of"}, {"start": "00:06:12", "end": "00:06:17", "text": "the credit card side of what's going on"}, {"start": "00:06:14", "end": "00:06:20", "text": "in the Japanese commerce area and this"}, {"start": "00:06:17", "end": "00:06:21", "text": "is now partnered with their merchants."}, {"start": "00:06:20", "end": "00:06:23", "text": "The breakdown on this is pretty"}, {"start": "00:06:21", "end": "00:06:25", "text": "interesting. Cross-border payments, new"}, {"start": "00:06:23", "end": "00:06:27", "text": "payment experiences, merchants and"}, {"start": "00:06:25", "end": "00:06:29", "text": "customers. So,"}, {"start": "00:06:27", "end": "00:06:31", "text": "merchants starting to do this and this"}, {"start": "00:06:29", "end": "00:06:33", "text": "is payments at physical stores in Japan."}, {"start": "00:06:31", "end": "00:06:34", "text": "This is the holy grail. It's what we've"}, {"start": "00:06:33", "end": "00:06:36", "text": "been talking about on this channel for a"}, {"start": "00:06:34", "end": "00:06:39", "text": "long time. We've kind of pointed to"}, {"start": "00:06:36", "end": "00:06:41", "text": "Japan as a center or a potential Mecca"}, {"start": "00:06:39", "end": "00:06:44", "text": "of where this is going and it's for one"}, {"start": "00:06:41", "end": "00:06:48", "text": "reason. They are moving the regulation"}, {"start": "00:06:44", "end": "00:06:50", "text": "at light speed now to get ahead of the"}, {"start": "00:06:48", "end": "00:06:52", "text": "US and they are doing it in a big way"}, {"start": "00:06:50", "end": "00:06:56", "text": "because Japanese traders are now"}, {"start": "00:06:52", "end": "00:06:57", "text": "doubling down on dollar bets. Meaning"}, {"start": "00:06:56", "end": "00:07:00", "text": "this is the most that we have seen"}, {"start": "00:06:57", "end": "00:07:02", "text": "shorting the US dollar in the history."}, {"start": "00:07:00", "end": "00:07:05", "text": "This goes all the way back to prior to"}, {"start": "00:07:02", "end": "00:07:09", "text": "2010, guys. We're talking over 15 years"}, {"start": "00:07:05", "end": "00:07:11", "text": "of shorting US Treasury dollars and this"}, {"start": "00:07:09", "end": "00:07:13", "text": "is happening now. Maybe they know"}, {"start": "00:07:11", "end": "00:07:15", "text": "something. I think this is clear of what"}, {"start": "00:07:13", "end": "00:07:17", "text": "we're about to see. One of the things"}, {"start": "00:07:15", "end": "00:07:18", "text": "that you have to kind of consider with"}, {"start": "00:07:17", "end": "00:07:21", "text": "everything that's happening in Japan,"}, {"start": "00:07:18", "end": "00:07:24", "text": "one of the biggest Trojan horses is the"}, {"start": "00:07:21", "end": "00:07:27", "text": "Japanese IP and you look at the most"}, {"start": "00:07:24", "end": "00:07:28", "text": "popular thing within crypto right now is"}, {"start": "00:07:27", "end": "00:07:31", "text": "what's happening within the Pok�mon"}, {"start": "00:07:28", "end": "00:07:33", "text": "collection for RWAs. This is the kind of"}, {"start": "00:07:31", "end": "00:07:36", "text": "thing that could explode. Right there,"}, {"start": "00:07:33", "end": "00:07:38", "text": "Jupiter, you can borrow USDC against"}, {"start": "00:07:36", "end": "00:07:42", "text": "sealed Pok�mon packs on chain, guys. On"}, {"start": "00:07:38", "end": "00:07:44", "text": "chain. Then go out, take a loan against"}, {"start": "00:07:42", "end": "00:07:46", "text": "it and then go out and recycle that"}, {"start": "00:07:44", "end": "00:07:47", "text": "again. So, think about that for a second"}, {"start": "00:07:46", "end": "00:07:50", "text": "of what this might mean for RWA"}, {"start": "00:07:47", "end": "00:07:52", "text": "collectors, all of that. Here's the"}, {"start": "00:07:50", "end": "00:07:55", "text": "interesting part. Robinhood right now"}, {"start": "00:07:52", "end": "00:07:57", "text": "won't let you add any RWAs. No words,"}, {"start": "00:07:55", "end": "00:07:59", "text": "Pok�mon cards to your asset and"}, {"start": "00:07:57", "end": "00:08:01", "text": "liabilities. But, eventually, I wonder"}, {"start": "00:07:59", "end": "00:08:04", "text": "if they will. If you look at the the app"}, {"start": "00:08:01", "end": "00:08:07", "text": "within Japan, they're going to allow you"}, {"start": "00:08:04", "end": "00:08:08", "text": "to do this. But, I think there will be"}, {"start": "00:08:07", "end": "00:08:10", "text": "Well, we know there're going to be"}, {"start": "00:08:08", "end": "00:08:12", "text": "restrictions, clear restrictions. You"}, {"start": "00:08:10", "end": "00:08:14", "text": "just look at what's happening right now"}, {"start": "00:08:12", "end": "00:08:17", "text": "with Sony. Remember, Sony, biggest bank"}, {"start": "00:08:14", "end": "00:08:19", "text": "uh partnerships out there. Sony is"}, {"start": "00:08:17", "end": "00:08:21", "text": "betting now that physical games are"}, {"start": "00:08:19", "end": "00:08:24", "text": "going to be the opportunity here."}, {"start": "00:08:21", "end": "00:08:26", "text": "They're getting ready to nix Blu-ray."}, {"start": "00:08:24", "end": "00:08:28", "text": "And of course, this means that"}, {"start": "00:08:26", "end": "00:08:31", "text": "you're going to own nothing, guys. This"}, {"start": "00:08:28", "end": "00:08:34", "text": "is all going to be controlled. And that,"}, {"start": "00:08:31", "end": "00:08:36", "text": "I think, is what I'm most concerned"}, {"start": "00:08:34", "end": "00:08:37", "text": "about. And if you think about that, look"}, {"start": "00:08:36", "end": "00:08:39", "text": "at Sonyum's situation right now."}, {"start": "00:08:37", "end": "00:08:42", "text": "Sonyum's blockchain now freezes meme"}, {"start": "00:08:39", "end": "00:08:44", "text": "coins out. My question is is will there"}, {"start": "00:08:42", "end": "00:08:45", "text": "be enough pushback"}, {"start": "00:08:44", "end": "00:08:46", "text": "if they're going to control to this"}, {"start": "00:08:45", "end": "00:08:49", "text": "level?"}, {"start": "00:08:46", "end": "00:08:51", "text": "And if there is, what will Japan do? One"}, {"start": "00:08:49", "end": "00:08:52", "text": "issue though that we need to address is"}, {"start": "00:08:51", "end": "00:08:55", "text": "what's going on right now, and that, of"}, {"start": "00:08:52", "end": "00:08:57", "text": "course, is that Android is getting"}, {"start": "00:08:55", "end": "00:09:00", "text": "locked down in the EU. This is a big"}, {"start": "00:08:57", "end": "00:09:02", "text": "deal because it starts to put more"}, {"start": "00:09:00", "end": "00:09:04", "text": "pressure When I say lockdown, meaning"}, {"start": "00:09:02", "end": "00:09:05", "text": "more spying, guys. More spying on top of"}, {"start": "00:09:04", "end": "00:09:08", "text": "what you're doing on any of your"}, {"start": "00:09:05", "end": "00:09:11", "text": "devices. I want to go to a clip real"}, {"start": "00:09:08", "end": "00:09:13", "text": "quick cuz this will explain the kind of"}, {"start": "00:09:11", "end": "00:09:14", "text": "threat that we're facing right now. Take"}, {"start": "00:09:13", "end": "00:09:17", "text": "a look."}, {"start": "00:09:14", "end": "00:09:20", "text": ">> I have an iPhone that I've paid for, but"}, {"start": "00:09:17", "end": "00:09:24", "text": "Apple are now restricting what I can do"}, {"start": "00:09:20", "end": "00:09:26", "text": "on this phone. UK law requires you to"}, {"start": "00:09:24", "end": "00:09:29", "text": "confirm you are an adult to change"}, {"start": "00:09:26", "end": "00:09:30", "text": "content restrictions. By continuing,"}, {"start": "00:09:29", "end": "00:09:33", "text": "your ID or credit card may be used to"}, {"start": "00:09:30", "end": "00:09:35", "text": "confirm that you are an adult. And they"}, {"start": "00:09:33", "end": "00:09:38", "text": "say it's the UK law. Despite what the"}, {"start": "00:09:35", "end": "00:09:39", "text": "update suggests, the system is not"}, {"start": "00:09:38", "end": "00:09:42", "text": "required by UK law."}, {"start": "00:09:39", "end": "00:09:44", "text": ">> So, as you can see, the privacy issue"}, {"start": "00:09:42", "end": "00:09:46", "text": "has not been just put out there from a"}, {"start": "00:09:44", "end": "00:09:48", "text": "government restriction side of things."}, {"start": "00:09:46", "end": "00:09:50", "text": "Now, it's literally at the level of"}, {"start": "00:09:48", "end": "00:09:53", "text": "corporations on what they're going to be"}, {"start": "00:09:50", "end": "00:09:55", "text": "able to see and track you on. And I"}, {"start": "00:09:53", "end": "00:09:58", "text": "think this is pulling down the privacy"}, {"start": "00:09:55", "end": "00:09:59", "text": "advocates into an issue right now. We're"}, {"start": "00:09:58", "end": "00:10:02", "text": "starting to see some trends breaking"}, {"start": "00:09:59", "end": "00:10:03", "text": "out, and one of them is GrapheneOS. If"}, {"start": "00:10:02", "end": "00:10:05", "text": "you don't understand what GrapheneOS is,"}, {"start": "00:10:03", "end": "00:10:07", "text": "go out and do a little research."}, {"start": "00:10:05", "end": "00:10:10", "text": "Essentially, it is a replacement for"}, {"start": "00:10:07", "end": "00:10:11", "text": "both Android and iOS. Think about any"}, {"start": "00:10:10", "end": "00:10:13", "text": "phone that you have out there today."}, {"start": "00:10:11", "end": "00:10:16", "text": "That's probably what you're running is"}, {"start": "00:10:13", "end": "00:10:19", "text": "either iOS or Android. This gives you a"}, {"start": "00:10:16", "end": "00:10:20", "text": "complete open-source"}, {"start": "00:10:19", "end": "00:10:23", "text": "device-capable"}, {"start": "00:10:20", "end": "00:10:25", "text": "platform to run that is completely"}, {"start": "00:10:23", "end": "00:10:28", "text": "private. That, I think, is why we're"}, {"start": "00:10:25", "end": "00:10:29", "text": "seeing this explosion. CalyxOS was one"}, {"start": "00:10:28", "end": "00:10:31", "text": "of the companies that's been out there"}, {"start": "00:10:29", "end": "00:10:33", "text": "talking about this for a while. They, of"}, {"start": "00:10:31", "end": "00:10:35", "text": "course, allow it. And these are the"}, {"start": "00:10:33", "end": "00:10:38", "text": "devices that are actually available on"}, {"start": "00:10:35", "end": "00:10:40", "text": "GrapheneOS. That's right. Pixel 9, Pixel"}, {"start": "00:10:38", "end": "00:10:42", "text": "8, 7. So, it's not like these aren't the"}, {"start": "00:10:40", "end": "00:10:45", "text": "most advanced products. Point is is that"}, {"start": "00:10:42", "end": "00:10:47", "text": "we may see a new evolution that is"}, {"start": "00:10:45", "end": "00:10:49", "text": "trending towards something that you and"}, {"start": "00:10:47", "end": "00:10:51", "text": "I love dearly, and that is Ethereum. And"}, {"start": "00:10:49", "end": "00:10:54", "text": "I'll talk about that in a second. But,"}, {"start": "00:10:51", "end": "00:10:56", "text": "the interest right now, this is Home"}, {"start": "00:10:54", "end": "00:10:58", "text": "Assistant. And it's a company that's out"}, {"start": "00:10:56", "end": "00:11:00", "text": "there building one that is And we'll"}, {"start": "00:10:58", "end": "00:11:03", "text": "talk about what this means, but the"}, {"start": "00:11:00", "end": "00:11:04", "text": "issue is privacy. And let me show you"}, {"start": "00:11:03", "end": "00:11:06", "text": "this right here. This is what we're"}, {"start": "00:11:04", "end": "00:11:08", "text": "talking about on Home Assistant Green."}, {"start": "00:11:06", "end": "00:11:10", "text": "So, right now you have an Alexa, or you"}, {"start": "00:11:08", "end": "00:11:11", "text": "have an Apple device, or you have one of"}, {"start": "00:11:10", "end": "00:11:14", "text": "these smart devices in your home, and"}, {"start": "00:11:11", "end": "00:11:16", "text": "you're talking to it. All of that data"}, {"start": "00:11:14", "end": "00:11:19", "text": "right now is going into the cloud. This"}, {"start": "00:11:16", "end": "00:11:21", "text": "device right here is storing it locally,"}, {"start": "00:11:19", "end": "00:11:24", "text": "so it's eliminating all of those kind of"}, {"start": "00:11:21", "end": "00:11:25", "text": "scenarios of privacy breaches from your"}, {"start": "00:11:24", "end": "00:11:28", "text": "own home, which is the other problem. I"}, {"start": "00:11:25", "end": "00:11:29", "text": "think we may see a privacy wave starting"}, {"start": "00:11:28", "end": "00:11:31", "text": "to crack through, cuz we're starting to"}, {"start": "00:11:29", "end": "00:11:34", "text": "see companies come up with some pretty"}, {"start": "00:11:31", "end": "00:11:36", "text": "significant models. Motorola, of course,"}, {"start": "00:11:34", "end": "00:11:38", "text": "had to go in and actually announce a"}, {"start": "00:11:36", "end": "00:11:41", "text": "partnership with graphene because of the"}, {"start": "00:11:38", "end": "00:11:45", "text": "demand. So, this might be interesting"}, {"start": "00:11:41", "end": "00:11:47", "text": "for Motorola, maybe becoming a relevant,"}, {"start": "00:11:45", "end": "00:11:49", "text": "you know, handset maker again. Another"}, {"start": "00:11:47", "end": "00:11:50", "text": "tweet right here, graphene OS will"}, {"start": "00:11:49", "end": "00:11:52", "text": "remain usable by anyone around the"}, {"start": "00:11:50", "end": "00:11:54", "text": "world. And uh they put out a warning"}, {"start": "00:11:52", "end": "00:11:57", "text": "right here, if it can't be sold in a"}, {"start": "00:11:54", "end": "00:11:58", "text": "region due to their regulations, okay."}, {"start": "00:11:57", "end": "00:11:59", "text": "No problem. And that's what they're"}, {"start": "00:11:58", "end": "00:12:01", "text": "talking about in terms of what's"}, {"start": "00:11:59", "end": "00:12:04", "text": "happening in the EU."}, {"start": "00:12:01", "end": "00:12:05", "text": "Uh Hyundai and Kia, they come in and"}, {"start": "00:12:04", "end": "00:12:08", "text": "partner with graphene saying, \"That's"}, {"start": "00:12:05", "end": "00:12:10", "text": "okay. We'll take over here.\" Where"}, {"start": "00:12:08", "end": "00:12:12", "text": "Volkswagen was saying, \"No, we won't put"}, {"start": "00:12:10", "end": "00:12:14", "text": "this in because of these regulations.\""}, {"start": "00:12:12", "end": "00:12:16", "text": "So, Vitalik even kind of hit it right"}, {"start": "00:12:14", "end": "00:12:18", "text": "here. They are trying to push chat"}, {"start": "00:12:16", "end": "00:12:21", "text": "control through again at what they're"}, {"start": "00:12:18", "end": "00:12:23", "text": "talking about. This was in the EU. This"}, {"start": "00:12:21", "end": "00:12:25", "text": "is the sixth time they tried to force"}, {"start": "00:12:23", "end": "00:12:27", "text": "chat control, which lets them scan all"}, {"start": "00:12:25", "end": "00:12:29", "text": "your private messages. Uh the ETH"}, {"start": "00:12:27", "end": "00:12:31", "text": "Institute says they're following the"}, {"start": "00:12:29", "end": "00:12:34", "text": "topic and will meet with some MEPs next"}, {"start": "00:12:31", "end": "00:12:36", "text": "week to address this. So, that could be"}, {"start": "00:12:34", "end": "00:12:38", "text": "pretty big of moving to the Ethereum"}, {"start": "00:12:36", "end": "00:12:40", "text": "blockchain for communication."}, {"start": "00:12:38", "end": "00:12:42", "text": "Some interesting points right here. So,"}, {"start": "00:12:40", "end": "00:12:44", "text": "if you think that this cannot happen"}, {"start": "00:12:42", "end": "00:12:46", "text": "here in the US, well, that's not"}, {"start": "00:12:44", "end": "00:12:48", "text": "necessarily the point. Right here is a"}, {"start": "00:12:46", "end": "00:12:50", "text": "good example. Telegram, which I think"}, {"start": "00:12:48", "end": "00:12:53", "text": "many of you guys will will use and are"}, {"start": "00:12:50", "end": "00:12:54", "text": "using, US sanctions now"}, {"start": "00:12:53", "end": "00:12:57", "text": "uh are able to control the top-level"}, {"start": "00:12:54", "end": "00:12:59", "text": "domain. That starts to put a lot of"}, {"start": "00:12:57", "end": "00:13:01", "text": "pressure on Telegram. And this is only"}, {"start": "00:12:59", "end": "00:13:04", "text": "the beginning, guys, as they start to"}, {"start": "00:13:01", "end": "00:13:06", "text": "understand how digital the population is"}, {"start": "00:13:04", "end": "00:13:08", "text": "and the overreach they can force into"}, {"start": "00:13:06", "end": "00:13:11", "text": "our lives. I think we're going to see a"}, {"start": "00:13:08", "end": "00:13:14", "text": "lot more privacy starting to address it."}, {"start": "00:13:11", "end": "00:13:16", "text": "OpenAI jumping into it. They're building"}, {"start": "00:13:14", "end": "00:13:18", "text": "a device for your home. Would you trust"}, {"start": "00:13:16", "end": "00:13:19", "text": "this in your home?"}, {"start": "00:13:18", "end": "00:13:23", "text": "Let me know in the comments. Yes,"}, {"start": "00:13:19", "end": "00:13:24", "text": "OpenAI, or no, OpenAI."}, {"start": "00:13:23", "end": "00:13:25", "text": "I'm kind of curious what you guys would"}, {"start": "00:13:24", "end": "00:13:27", "text": "say."}, {"start": "00:13:25", "end": "00:13:29", "text": "Cuz I think this device is going to be a"}, {"start": "00:13:27", "end": "00:13:30", "text": "big deal. Back to that home assistant"}, {"start": "00:13:29", "end": "00:13:33", "text": "that I was talking about, we talked"}, {"start": "00:13:30", "end": "00:13:35", "text": "about a home assistant green earlier."}, {"start": "00:13:33", "end": "00:13:37", "text": "This is a new foundation, Open Home"}, {"start": "00:13:35", "end": "00:13:40", "text": "Foundation, which essentially gives you"}, {"start": "00:13:37", "end": "00:13:42", "text": "the ability to plug in any AI that is"}, {"start": "00:13:40", "end": "00:13:45", "text": "local. And if you look at it further on"}, {"start": "00:13:42", "end": "00:13:48", "text": "their really their design, this is what"}, {"start": "00:13:45", "end": "00:13:50", "text": "you want right here. Local processing,"}, {"start": "00:13:48", "end": "00:13:52", "text": "full local processing, full local"}, {"start": "00:13:50", "end": "00:13:55", "text": "processing for both home assistant cloud"}, {"start": "00:13:52", "end": "00:13:56", "text": "and also voice and using AI. So,"}, {"start": "00:13:55", "end": "00:13:58", "text": "everything's"}, {"start": "00:13:56", "end": "00:14:02", "text": "pretty much at that point secured with"}, {"start": "00:13:58", "end": "00:14:04", "text": "you. I think we will see a massive move"}, {"start": "00:14:02", "end": "00:14:06", "text": "on this and here is the kicker. Remember"}, {"start": "00:14:04", "end": "00:14:08", "text": "decades ago"}, {"start": "00:14:06", "end": "00:14:11", "text": "there was a a project out there called"}, {"start": "00:14:08", "end": "00:14:13", "text": "Linux and Linux never really got the"}, {"start": "00:14:11", "end": "00:14:15", "text": "light of day and now we're starting to"}, {"start": "00:14:13", "end": "00:14:18", "text": "see these advancements. Now, Linux is of"}, {"start": "00:14:15", "end": "00:14:21", "text": "course launching on Ethereum and that I"}, {"start": "00:14:18", "end": "00:14:24", "text": "think, my friend, is going to be a point"}, {"start": "00:14:21", "end": "00:14:25", "text": "where we start to see true privacy and"}, {"start": "00:14:24", "end": "00:14:27", "text": "it's going to end up on the blockchain."}, {"start": "00:14:25", "end": "00:14:29", "text": "So, when you think about all of this,"}, {"start": "00:14:27", "end": "00:14:32", "text": "guys, essentially what you've got"}, {"start": "00:14:29", "end": "00:14:35", "text": "happening in Japan is they are dictating"}, {"start": "00:14:32", "end": "00:14:37", "text": "to the US Mika as well on what we can"}, {"start": "00:14:35", "end": "00:14:40", "text": "and cannot do and I think that's the"}, {"start": "00:14:37", "end": "00:14:43", "text": "point going forward is if we don't get"}, {"start": "00:14:40", "end": "00:14:44", "text": "our flag really, I think, into this"}, {"start": "00:14:43", "end": "00:14:47", "text": "industry and I'm talking about"}, {"start": "00:14:44", "end": "00:14:50", "text": "blockchain and the future of crypto, uh"}, {"start": "00:14:47", "end": "00:14:51", "text": "we are essentially at the will of every"}, {"start": "00:14:50", "end": "00:14:53", "text": "other country out there that is"}, {"start": "00:14:51", "end": "00:14:56", "text": "advancing on this and doing it in ways"}, {"start": "00:14:53", "end": "00:14:59", "text": "where they control the privacy and not"}, {"start": "00:14:56", "end": "00:14:59", "text": "us. Very interesting times."}, {"start": "00:15:04", "end": "00:15:08", "text": "If you like this video, hit like and"}, {"start": "00:15:06", "end": "00:15:11", "text": "subscribe. Drop a comment down below and"}, {"start": "00:15:08", "end": "00:15:14", "text": "also join our free private member group."}, {"start": "00:15:11", "end": "00:15:14", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "clarity is it imminent today? It's"}, {"start": "00:00:02", "end": "00:00:04", "text": "starting to affect the markets. We'll"}, {"start": "00:00:03", "end": "00:00:06", "text": "break it all down for you. Don't want to"}, {"start": "00:00:04", "end": "00:00:08", "text": "miss it. I do want to thank our sponsor"}, {"start": "00:00:06", "end": "00:00:10", "text": "and that of course is ITR Capital where"}, {"start": "00:00:08", "end": "00:00:13", "text": "you guys can get into your own crypto"}, {"start": "00:00:10", "end": "00:00:15", "text": "IRA. You can do this with almost any"}, {"start": "00:00:13", "end": "00:00:17", "text": "digital asset that is out there. Whether"}, {"start": "00:00:15", "end": "00:00:19", "text": "you're starting a new one, rolling one"}, {"start": "00:00:17", "end": "00:00:24", "text": "over, you can use Itrust Capital. Very"}, {"start": "00:00:19", "end": "00:00:26", "text": "easy to set up. And best of all, no fees"}, {"start": "00:00:24", "end": "00:00:27", "text": "monthly. All you have to do is trade and"}, {"start": "00:00:26", "end": "00:00:29", "text": "play the fees right there. And of"}, {"start": "00:00:27", "end": "00:00:32", "text": "course, you guys get a up to a $100"}, {"start": "00:00:29", "end": "00:00:33", "text": "funding reward just by starting it by"}, {"start": "00:00:32", "end": "00:00:36", "text": "using our link. So, just get going on"}, {"start": "00:00:33", "end": "00:00:37", "text": "that and uh get out there and take"}, {"start": "00:00:36", "end": "00:00:39", "text": "benefit of this. One of the things that"}, {"start": "00:00:37", "end": "00:00:42", "text": "we're watching right now, of course, is"}, {"start": "00:00:39", "end": "00:00:44", "text": "the deadline for clarity, which is in 22"}, {"start": "00:00:42", "end": "00:00:48", "text": "days. We believe that is the end of the"}, {"start": "00:00:44", "end": "00:00:50", "text": "rope for clarity. And I think it might"}, {"start": "00:00:48", "end": "00:00:52", "text": "be showing up right now. I've got a clip"}, {"start": "00:00:50", "end": "00:00:56", "text": "for you and this clip goes into a little"}, {"start": "00:00:52", "end": "00:00:57", "text": "bit of where Kevin Worsh is first of all"}, {"start": "00:00:56", "end": "00:01:01", "text": "because this is affecting the rest of"}, {"start": "00:00:57", "end": "00:01:03", "text": "the market and how this may play into uh"}, {"start": "00:01:01", "end": "00:01:06", "text": "Fed's skinny accounts. Take a look."}, {"start": "00:01:03", "end": "00:01:08", "text": ">> We're the only major country in the"}, {"start": "00:01:06", "end": "00:01:11", "text": "world that restricts access to the"}, {"start": "00:01:08", "end": "00:01:14", "text": "payment system to the consumerf facing"}, {"start": "00:01:11", "end": "00:01:16", "text": "banks. So, uh, I'm curious about what"}, {"start": "00:01:14", "end": "00:01:19", "text": "your thoughts are about the proposal,"}, {"start": "00:01:16", "end": "00:01:21", "text": "how it's going, uh, when you expect the"}, {"start": "00:01:19", "end": "00:01:23", "text": "rule to be finalized."}, {"start": "00:01:21", "end": "00:01:26", "text": ">> Skinnier Master account proposals out"}, {"start": "00:01:23", "end": "00:01:28", "text": "for comment. Um, it was sent out before"}, {"start": "00:01:26", "end": "00:01:30", "text": "I arrived, but I'm keenly interested in"}, {"start": "00:01:28", "end": "00:01:32", "text": "what the comments are. If I were to draw"}, {"start": "00:01:30", "end": "00:01:34", "text": "a hard distinction, um, this is a public"}, {"start": "00:01:32", "end": "00:01:37", "text": "good and it's a public good that should"}, {"start": "00:01:34", "end": "00:01:39", "text": "be used by intermediaries. I don't want"}, {"start": "00:01:37", "end": "00:01:42", "text": "the public good to be used by consumers."}, {"start": "00:01:39", "end": "00:01:44", "text": "So that's it's out for comment now. Do"}, {"start": "00:01:42", "end": "00:01:46", "text": "you anticipate"}, {"start": "00:01:44", "end": "00:01:49", "text": "uh finalizing sometime this year?"}, {"start": "00:01:46", "end": "00:01:50", "text": ">> I I I owe you a better answer on the"}, {"start": "00:01:49", "end": "00:01:51", "text": "timeline from here and I and I pledge to"}, {"start": "00:01:50", "end": "00:01:52", "text": "give it to you."}, {"start": "00:01:51", "end": "00:01:54", "text": ">> Thank you."}, {"start": "00:01:52", "end": "00:01:55", "text": ">> Coming off that clip, you can kind of"}, {"start": "00:01:54", "end": "00:01:58", "text": "see I think there's some frustration. I"}, {"start": "00:01:55", "end": "00:02:00", "text": "was surprised that uh that the senator"}, {"start": "00:01:58", "end": "00:02:02", "text": "was a little bit easier on Kevin Walsh"}, {"start": "00:02:00", "end": "00:02:04", "text": "because I think the point is is this"}, {"start": "00:02:02", "end": "00:02:06", "text": "needs to get done. Why would you not go"}, {"start": "00:02:04", "end": "00:02:08", "text": "ahead and get all of this done? This has"}, {"start": "00:02:06", "end": "00:02:10", "text": "been out for over a year. These are the"}, {"start": "00:02:08", "end": "00:02:12", "text": "kind of problems that we see of course"}, {"start": "00:02:10", "end": "00:02:14", "text": "with the Fed and it's really what I"}, {"start": "00:02:12", "end": "00:02:16", "text": "think starts to affect the market in"}, {"start": "00:02:14", "end": "00:02:18", "text": "general when you look at the banking"}, {"start": "00:02:16", "end": "00:02:19", "text": "side of this because there's always"}, {"start": "00:02:18", "end": "00:02:21", "text": "going to be push back coming in from the"}, {"start": "00:02:19", "end": "00:02:25", "text": "banking industries. You got the ABA,"}, {"start": "00:02:21", "end": "00:02:27", "text": "ICBA now joining state associations. 76"}, {"start": "00:02:25", "end": "00:02:28", "text": "different state associations are"}, {"start": "00:02:27", "end": "00:02:30", "text": "representing thousands of these"}, {"start": "00:02:28", "end": "00:02:32", "text": "different, you know, institutions that"}, {"start": "00:02:30", "end": "00:02:34", "text": "are pressing against the Clarity Act."}, {"start": "00:02:32", "end": "00:02:35", "text": "And some of the things they're pushing"}, {"start": "00:02:34", "end": "00:02:37", "text": "against, guys, I want to read this one"}, {"start": "00:02:35", "end": "00:02:39", "text": "for you. This would be removing this"}, {"start": "00:02:37", "end": "00:02:42", "text": "provision aligns with our shared"}, {"start": "00:02:39", "end": "00:02:45", "text": "objective objective to not incentivize"}, {"start": "00:02:42", "end": "00:02:48", "text": "the idle holding of payment stable coins"}, {"start": "00:02:45", "end": "00:02:51", "text": "for extended periods of time. That's"}, {"start": "00:02:48", "end": "00:02:53", "text": "coming directly from the associations."}, {"start": "00:02:51", "end": "00:02:55", "text": "Retaining this would negate the goals of"}, {"start": "00:02:53", "end": "00:02:57", "text": "the upfront prohibition to tether"}, {"start": "00:02:55", "end": "00:02:59", "text": "deposit flight while tying the rewards"}, {"start": "00:02:57", "end": "00:03:00", "text": "directly to how much and for how long"}, {"start": "00:02:59", "end": "00:03:02", "text": "customers hold payments. Stable coins."}, {"start": "00:03:00", "end": "00:03:04", "text": "Basically, what they're saying is they"}, {"start": "00:03:02", "end": "00:03:06", "text": "don't even want you using stable coins"}, {"start": "00:03:04", "end": "00:03:08", "text": "or holding them because if you're"}, {"start": "00:03:06", "end": "00:03:11", "text": "holding them, you're not holding their"}, {"start": "00:03:08", "end": "00:03:12", "text": "dollar that they can go, of course, on a"}, {"start": "00:03:11", "end": "00:03:15", "text": "fractional reserve finance model and go"}, {"start": "00:03:12", "end": "00:03:16", "text": "out and lend it 10 times. That's the"}, {"start": "00:03:15", "end": "00:03:18", "text": "problem that the banks are really"}, {"start": "00:03:16", "end": "00:03:20", "text": "dealing with right now. Patrick Wit kind"}, {"start": "00:03:18", "end": "00:03:21", "text": "of addressed it right here. This was in"}, {"start": "00:03:20", "end": "00:03:23", "text": "reference to that. Hey, listen. We've"}, {"start": "00:03:21", "end": "00:03:25", "text": "answered this. We've asked it. Give it a"}, {"start": "00:03:23", "end": "00:03:28", "text": "rest. And this has been addressed so"}, {"start": "00:03:25", "end": "00:03:29", "text": "many times that the banks I listen they"}, {"start": "00:03:28", "end": "00:03:31", "text": "just don't want it because they"}, {"start": "00:03:29", "end": "00:03:33", "text": "understand this is going to start"}, {"start": "00:03:31", "end": "00:03:35", "text": "hurting their earnings. And have you"}, {"start": "00:03:33", "end": "00:03:38", "text": "watched the earnings calls that have"}, {"start": "00:03:35", "end": "00:03:41", "text": "happened this week for most of the major"}, {"start": "00:03:38", "end": "00:03:44", "text": "banks? It is insane how much money these"}, {"start": "00:03:41", "end": "00:03:46", "text": "companies are earning. Top White House"}, {"start": "00:03:44", "end": "00:03:48", "text": "crypto adviser now is taking military"}, {"start": "00:03:46", "end": "00:03:50", "text": "leave and that of course is Patrick Wit"}, {"start": "00:03:48", "end": "00:03:52", "text": "stepping down. Interesting timing here"}, {"start": "00:03:50", "end": "00:03:54", "text": "guys. I'm just going to say this. I"}, {"start": "00:03:52", "end": "00:03:57", "text": "think that the the president or someone"}, {"start": "00:03:54", "end": "00:03:59", "text": "in the administration could probably get"}, {"start": "00:03:57", "end": "00:04:01", "text": "the Georgia National Guard to let him"}, {"start": "00:03:59", "end": "00:04:04", "text": "off for a couple of months to try to get"}, {"start": "00:04:01", "end": "00:04:06", "text": "this clarity act through getting this"}, {"start": "00:04:04", "end": "00:04:07", "text": "done. I just don't understand why he's"}, {"start": "00:04:06", "end": "00:04:10", "text": "stepping down right now. We won't have a"}, {"start": "00:04:07", "end": "00:04:12", "text": "voice essentially that's representing"}, {"start": "00:04:10", "end": "00:04:14", "text": "the industry other than the industry"}, {"start": "00:04:12", "end": "00:04:16", "text": "itself. Senator Warren come back came"}, {"start": "00:04:14", "end": "00:04:18", "text": "back in is urging Senate leaders to now"}, {"start": "00:04:16", "end": "00:04:20", "text": "add ethics rules to clarity. And of"}, {"start": "00:04:18", "end": "00:04:22", "text": "course, this would bar officials and"}, {"start": "00:04:20", "end": "00:04:24", "text": "their families from profiting crypto."}, {"start": "00:04:22", "end": "00:04:26", "text": "This is the big one that everybody's"}, {"start": "00:04:24", "end": "00:04:28", "text": "asking for. That of course is an issue"}, {"start": "00:04:26", "end": "00:04:30", "text": "that will be very challenging to this"}, {"start": "00:04:28", "end": "00:04:32", "text": "administration. Uh but right now you've"}, {"start": "00:04:30", "end": "00:04:33", "text": "got a meeting happening on Thursday and"}, {"start": "00:04:32", "end": "00:04:36", "text": "this is going to try to resolve these"}, {"start": "00:04:33", "end": "00:04:38", "text": "Clarity Act provisions that are being"}, {"start": "00:04:36", "end": "00:04:40", "text": "presented, but it's the biggest"}, {"start": "00:04:38", "end": "00:04:42", "text": "remaining hurdle for the crypto bill. I"}, {"start": "00:04:40", "end": "00:04:45", "text": "totally agree with that. If this had"}, {"start": "00:04:42", "end": "00:04:47", "text": "some sort of deal that was done, that"}, {"start": "00:04:45", "end": "00:04:49", "text": "would be the holy grail for uh the"}, {"start": "00:04:47", "end": "00:04:50", "text": "Clarity Act of being able to go through."}, {"start": "00:04:49", "end": "00:04:53", "text": "I just don't think that the"}, {"start": "00:04:50", "end": "00:04:56", "text": "administration is going to concede too"}, {"start": "00:04:53", "end": "00:04:58", "text": "much. And talking about concession,"}, {"start": "00:04:56", "end": "00:05:00", "text": "you've got uh this year right now, we"}, {"start": "00:04:58", "end": "00:05:03", "text": "are one year in of the Clarity Act being"}, {"start": "00:05:00", "end": "00:05:05", "text": "dangled out there in front of us. And it"}, {"start": "00:05:03", "end": "00:05:06", "text": "is like a carrot because this is an"}, {"start": "00:05:05", "end": "00:05:07", "text": "issue that we have been fighting for a"}, {"start": "00:05:06", "end": "00:05:10", "text": "long time. It was supposed to be done"}, {"start": "00:05:07", "end": "00:05:13", "text": "last year in August. Here we are moving"}, {"start": "00:05:10", "end": "00:05:15", "text": "into August of this year. Not done. And"}, {"start": "00:05:13", "end": "00:05:18", "text": "of course, Congress, I agree, has failed"}, {"start": "00:05:15", "end": "00:05:20", "text": "us. Let me go over to a clip here from"}, {"start": "00:05:18", "end": "00:05:22", "text": "Patrick Mckenry Mckenry. This does not"}, {"start": "00:05:20", "end": "00:05:24", "text": "make me feel good, guys. I'm just going"}, {"start": "00:05:22", "end": "00:05:25", "text": "to give you a trigger warning right now."}, {"start": "00:05:24", "end": "00:05:27", "text": "Take a look."}, {"start": "00:05:25", "end": "00:05:29", "text": ">> Uh the Senate is working through its"}, {"start": "00:05:27", "end": "00:05:31", "text": "process. You you already see a signaling"}, {"start": "00:05:29", "end": "00:05:33", "text": "from uh Leader Thoon that they're going"}, {"start": "00:05:31", "end": "00:05:35", "text": "to put that on the Senate floor. They're"}, {"start": "00:05:33", "end": "00:05:37", "text": "going to try and trying may actually"}, {"start": "00:05:35", "end": "00:05:38", "text": "just dislodge this. This is what"}, {"start": "00:05:37", "end": "00:05:40", "text": "happened with the stable coin bill at"}, {"start": "00:05:38", "end": "00:05:41", "text": "the beginning of the Congress. They"}, {"start": "00:05:40", "end": "00:05:44", "text": "tried this. They had a Senate floor"}, {"start": "00:05:41", "end": "00:05:45", "text": "vote. It failed. That then got"}, {"start": "00:05:44", "end": "00:05:46", "text": "negotiations going."}, {"start": "00:05:45", "end": "00:05:47", "text": ">> I got"}, {"start": "00:05:46", "end": "00:05:50", "text": ">> All right. So, what he's referencing"}, {"start": "00:05:47", "end": "00:05:52", "text": "there was the Genius Act and it was kind"}, {"start": "00:05:50", "end": "00:05:54", "text": "of the same thing. It went went had a"}, {"start": "00:05:52", "end": "00:05:57", "text": "problem. Same situation is here, but the"}, {"start": "00:05:54", "end": "00:05:58", "text": "problem is we don't have time. This is"}, {"start": "00:05:57", "end": "00:06:00", "text": "now running up against a brick wall"}, {"start": "00:05:58", "end": "00:06:02", "text": "because of the issue that's going to"}, {"start": "00:06:00", "end": "00:06:04", "text": "have to end up maybe on the other side"}, {"start": "00:06:02", "end": "00:06:07", "text": "of the midterms. That is a major"}, {"start": "00:06:04", "end": "00:06:09", "text": "concern. So trying might be just say,"}, {"start": "00:06:07", "end": "00:06:10", "text": "you know, getting them into a position"}, {"start": "00:06:09", "end": "00:06:12", "text": "saying, \"Hey, don't worry about it,"}, {"start": "00:06:10", "end": "00:06:14", "text": "guys. We tried to get this done and it"}, {"start": "00:06:12", "end": "00:06:16", "text": "just didn't get through.\" That is a big"}, {"start": "00:06:14", "end": "00:06:18", "text": "problem that I think uh a lot of these"}, {"start": "00:06:16", "end": "00:06:20", "text": "lawmakers continue to throw us under the"}, {"start": "00:06:18", "end": "00:06:23", "text": "bus on. Another one that happened here"}, {"start": "00:06:20", "end": "00:06:26", "text": "recently was this right here, which was"}, {"start": "00:06:23", "end": "00:06:29", "text": "the NDAA uh advancing now with this new"}, {"start": "00:06:26", "end": "00:06:32", "text": "section 127. This basically is allowing"}, {"start": "00:06:29", "end": "00:06:34", "text": "Apac, if you guys understand that, to"}, {"start": "00:06:32", "end": "00:06:37", "text": "merge very critical elements of the US"}, {"start": "00:06:34", "end": "00:06:39", "text": "military and the Israeli military. I"}, {"start": "00:06:37", "end": "00:06:42", "text": "don't understand how this is going to"}, {"start": "00:06:39", "end": "00:06:44", "text": "fly. Uh overall, there's also some very"}, {"start": "00:06:42", "end": "00:06:46", "text": "weird things happening here. This is the"}, {"start": "00:06:44", "end": "00:06:48", "text": "US Senate Democrats who came out against"}, {"start": "00:06:46", "end": "00:06:49", "text": "the Clarity Act, calling it a corrupt"}, {"start": "00:06:48", "end": "00:06:53", "text": "bill. Now, I just want you to look at"}, {"start": "00:06:49", "end": "00:06:55", "text": "that picture for a moment."}, {"start": "00:06:53", "end": "00:06:56", "text": "The printed signs really, I mean, come"}, {"start": "00:06:55", "end": "00:07:00", "text": "on, guys. This look at these people."}, {"start": "00:06:56", "end": "00:07:02", "text": "They are just so Did they not get the"}, {"start": "00:07:00", "end": "00:07:03", "text": "check yet? Is that what the deal is? I"}, {"start": "00:07:02", "end": "00:07:08", "text": "just don't understand. Point being, this"}, {"start": "00:07:03", "end": "00:07:11", "text": "is fake. So I wonder what is going on in"}, {"start": "00:07:08", "end": "00:07:12", "text": "DC. Is it all just theater playing"}, {"start": "00:07:11", "end": "00:07:14", "text": "around what's happening with the Clarity"}, {"start": "00:07:12", "end": "00:07:16", "text": "Act? You have Well, speak of theater,"}, {"start": "00:07:14", "end": "00:07:18", "text": "you've got Ben McKenzie out there on"}, {"start": "00:07:16", "end": "00:07:20", "text": "Capitol Hill lobbying senators to vote"}, {"start": "00:07:18", "end": "00:07:22", "text": "against the Clarity Act. Speaking of"}, {"start": "00:07:20", "end": "00:07:25", "text": "good actors out there, there's one right"}, {"start": "00:07:22", "end": "00:07:26", "text": "there. And uh that is the case right"}, {"start": "00:07:25", "end": "00:07:29", "text": "now. We are dealing with more theater"}, {"start": "00:07:26", "end": "00:07:32", "text": "than reality. And and really if you"}, {"start": "00:07:29", "end": "00:07:34", "text": "think about it, this is very impactful I"}, {"start": "00:07:32", "end": "00:07:36", "text": "think not only Americans but a lot of"}, {"start": "00:07:34", "end": "00:07:40", "text": "the ability for the US to take a pole"}, {"start": "00:07:36", "end": "00:07:42", "text": "position in crypto in general. Another"}, {"start": "00:07:40", "end": "00:07:44", "text": "news item that is important to the"}, {"start": "00:07:42", "end": "00:07:46", "text": "banks, which is really where Clarity is"}, {"start": "00:07:44", "end": "00:07:49", "text": "going and also where crypto eventually"}, {"start": "00:07:46", "end": "00:07:51", "text": "will be going, you've got PayPal uh up"}, {"start": "00:07:49", "end": "00:07:53", "text": "19%. This is just on the rumor that"}, {"start": "00:07:51", "end": "00:07:56", "text": "Stripe and private equity firm Advent"}, {"start": "00:07:53", "end": "00:07:58", "text": "International is offering a buyout on"}, {"start": "00:07:56", "end": "00:08:01", "text": "this company. So likelihood the bid is"}, {"start": "00:07:58", "end": "00:08:02", "text": "up to 50 billion right now. They have"}, {"start": "00:08:01", "end": "00:08:05", "text": "committed bank f financing. That means"}, {"start": "00:08:02", "end": "00:08:06", "text": "the deal is probably close to done. But"}, {"start": "00:08:05", "end": "00:08:09", "text": "one problem, they've got to get it"}, {"start": "00:08:06", "end": "00:08:11", "text": "through uh the US government uh in terms"}, {"start": "00:08:09", "end": "00:08:13", "text": "of antitrust. So that'll be a question"}, {"start": "00:08:11", "end": "00:08:15", "text": "right there. If it does actually get"}, {"start": "00:08:13", "end": "00:08:17", "text": "through, that would put a lot of"}, {"start": "00:08:15", "end": "00:08:20", "text": "pressure on the banks. the probability"}, {"start": "00:08:17", "end": "00:08:21", "text": "will strip Stripe acquire any part of"}, {"start": "00:08:20", "end": "00:08:24", "text": "now that could be a possibility they"}, {"start": "00:08:21", "end": "00:08:27", "text": "could buy into it of PayPal and 26 there"}, {"start": "00:08:24", "end": "00:08:29", "text": "is a big jump right there guys right"}, {"start": "00:08:27", "end": "00:08:31", "text": "there to 78% from what was down here at"}, {"start": "00:08:29", "end": "00:08:33", "text": "20% somebody's going to be making a"}, {"start": "00:08:31", "end": "00:08:36", "text": "little bit of profit there on that poly"}, {"start": "00:08:33", "end": "00:08:39", "text": "market just to give an example of what"}, {"start": "00:08:36", "end": "00:08:42", "text": "uh JP Morgan others are concerned about"}, {"start": "00:08:39", "end": "00:08:43", "text": "this is Jamie Diamond and he was in"}, {"start": "00:08:42", "end": "00:08:46", "text": "reference this is during the earnings"}, {"start": "00:08:43", "end": "00:08:49", "text": "call and they were talking about the ISS"}, {"start": "00:08:46", "end": "00:08:50", "text": "issue of competition essentially and he"}, {"start": "00:08:49", "end": "00:08:54", "text": "says, \"Hey, you got Stripe, PayPal, Cash"}, {"start": "00:08:50", "end": "00:08:56", "text": "App, Block, Chime, SoFi.\" He understands"}, {"start": "00:08:54", "end": "00:08:59", "text": "they're all competing and it's only"}, {"start": "00:08:56", "end": "00:09:01", "text": "going to get more and more competitive"}, {"start": "00:08:59", "end": "00:09:04", "text": "in this market. So, I can see why the"}, {"start": "00:09:01", "end": "00:09:05", "text": "banks continue to push at the issue of"}, {"start": "00:09:04", "end": "00:09:09", "text": "clarity because this is going to of"}, {"start": "00:09:05", "end": "00:09:11", "text": "course free up blockchain for a next"}, {"start": "00:09:09", "end": "00:09:12", "text": "generation pressure on many of these"}, {"start": "00:09:11", "end": "00:09:14", "text": "banks. I want to go to a clip here from"}, {"start": "00:09:12", "end": "00:09:16", "text": "Bernie Moreno because he talks about"}, {"start": "00:09:14", "end": "00:09:19", "text": "this very issue. Take a look."}, {"start": "00:09:16", "end": "00:09:21", "text": ">> What's happened to deposits in American"}, {"start": "00:09:19", "end": "00:09:23", "text": "banks since last August? Have they gone"}, {"start": "00:09:21", "end": "00:09:25", "text": "up, stayed the same, or gone down?"}, {"start": "00:09:23", "end": "00:09:27", "text": ">> Deposits held in banks is moving"}, {"start": "00:09:25", "end": "00:09:29", "text": "positively over that period."}, {"start": "00:09:27", "end": "00:09:33", "text": ">> Well, we've had testimony anecdotally"}, {"start": "00:09:29", "end": "00:09:36", "text": "from uh the bank CEOs saying that stable"}, {"start": "00:09:33", "end": "00:09:37", "text": "coins were going to drop deposits in"}, {"start": "00:09:36", "end": "00:09:40", "text": "banks. And I just want to point out for"}, {"start": "00:09:37", "end": "00:09:43", "text": "the record that the exact opposite has"}, {"start": "00:09:40", "end": "00:09:45", "text": "happened. So, as they say, uh that was a"}, {"start": "00:09:43", "end": "00:09:48", "text": "bunch of uh blankety blank argument."}, {"start": "00:09:45", "end": "00:09:50", "text": ">> Okay, there is uh a good example of the"}, {"start": "00:09:48", "end": "00:09:52", "text": "banks claiming that this is going to"}, {"start": "00:09:50", "end": "00:09:54", "text": "happen. I think eventually you're"}, {"start": "00:09:52", "end": "00:09:56", "text": "probably going to see this flight of"}, {"start": "00:09:54", "end": "00:09:58", "text": "capital, not because of crypto. It's"}, {"start": "00:09:56", "end": "00:10:01", "text": "just going to be because of bad banking"}, {"start": "00:09:58", "end": "00:10:03", "text": "practices. Crypto just may be one of"}, {"start": "00:10:01", "end": "00:10:06", "text": "those things, but it is not the genesis"}, {"start": "00:10:03", "end": "00:10:08", "text": "of where this is going to happen. Uh"}, {"start": "00:10:06", "end": "00:10:10", "text": "Scott says something right here and he's"}, {"start": "00:10:08", "end": "00:10:12", "text": "talking about JP Morgan says"}, {"start": "00:10:10", "end": "00:10:15", "text": "Hyperliquid's new deal with Circle and"}, {"start": "00:10:12", "end": "00:10:18", "text": "Coinbase could weaken the USDC revenue."}, {"start": "00:10:15", "end": "00:10:20", "text": "So this is kind of a FUD statement"}, {"start": "00:10:18", "end": "00:10:22", "text": "coming out of JP Morgan. And if you look"}, {"start": "00:10:20", "end": "00:10:24", "text": "at what they're trying to do, it is"}, {"start": "00:10:22", "end": "00:10:26", "text": "actually getting some activity right now"}, {"start": "00:10:24", "end": "00:10:28", "text": "because now you've got some downgrades"}, {"start": "00:10:26", "end": "00:10:31", "text": "to Circle uh basically underperforming"}, {"start": "00:10:28", "end": "00:10:33", "text": "its price target around 50 bucks. So"}, {"start": "00:10:31", "end": "00:10:35", "text": "that's a problem if we continue to see"}, {"start": "00:10:33", "end": "00:10:36", "text": "FUD going in because remember Circle is"}, {"start": "00:10:35", "end": "00:10:39", "text": "definitely putting some pressure on"}, {"start": "00:10:36", "end": "00:10:41", "text": "here. Of course Kathy Wood, she's not"}, {"start": "00:10:39", "end": "00:10:43", "text": "buying it. She's like, \"No, not not a"}, {"start": "00:10:41", "end": "00:10:46", "text": "chance. I'm still going all in.\" Kathy's"}, {"start": "00:10:43", "end": "00:10:49", "text": "Arc Invest bought another 220,000 shares"}, {"start": "00:10:46", "end": "00:10:51", "text": "of Circle. So extending its July"}, {"start": "00:10:49", "end": "00:10:53", "text": "purchase despite the stock's recent"}, {"start": "00:10:51", "end": "00:10:55", "text": "selloff. So she knows something. I think"}, {"start": "00:10:53", "end": "00:10:57", "text": "she understands uh the future of where"}, {"start": "00:10:55", "end": "00:11:00", "text": "this is heading. One thing we warned you"}, {"start": "00:10:57", "end": "00:11:02", "text": "guys about uh not too long ago was this"}, {"start": "00:11:00", "end": "00:11:08", "text": "right here and that is the SpaceX IPO"}, {"start": "00:11:02", "end": "00:11:10", "text": "hits its post IPO low of 135 52. This is"}, {"start": "00:11:08", "end": "00:11:13", "text": "exactly what we talked about in this"}, {"start": "00:11:10", "end": "00:11:16", "text": "video right here guys was watch out."}, {"start": "00:11:13", "end": "00:11:19", "text": "This would not end well if you were in"}, {"start": "00:11:16", "end": "00:11:23", "text": "it. Now the SpaceX IPO below what it's"}, {"start": "00:11:19", "end": "00:11:25", "text": "offering at. So it's any of these IPOs"}, {"start": "00:11:23", "end": "00:11:26", "text": "that are overhyped. Most likely it's"}, {"start": "00:11:25", "end": "00:11:28", "text": "going to happen with OpenAI, maybe"}, {"start": "00:11:26", "end": "00:11:31", "text": "Anthropic and others out there. But the"}, {"start": "00:11:28", "end": "00:11:35", "text": "key is is this one was so overprescribed"}, {"start": "00:11:31", "end": "00:11:36", "text": "and also subscribed and also overhyped"}, {"start": "00:11:35", "end": "00:11:38", "text": "to the point to where we're seeing the"}, {"start": "00:11:36", "end": "00:11:40", "text": "market right now. Just look at the"}, {"start": "00:11:38", "end": "00:11:42", "text": "chart. This is it right here. It just"}, {"start": "00:11:40", "end": "00:11:44", "text": "popped up there to that one wick of 225."}, {"start": "00:11:42", "end": "00:11:46", "text": "Somebody probably some insiders right"}, {"start": "00:11:44", "end": "00:11:48", "text": "there got some juice and here it has"}, {"start": "00:11:46", "end": "00:11:51", "text": "fallen right there. Let's pray that"}, {"start": "00:11:48", "end": "00:11:56", "text": "nobody was buying on this day right here"}, {"start": "00:11:51", "end": "00:11:57", "text": "at 200 bucks and has pulled back 32%"}, {"start": "00:11:56", "end": "00:11:59", "text": "right now just in the last couple of"}, {"start": "00:11:57", "end": "00:12:02", "text": "weeks. So hopefully you guys were not in"}, {"start": "00:11:59", "end": "00:12:04", "text": "that. You took uh a little bit of not"}, {"start": "00:12:02", "end": "00:12:06", "text": "advice but maybe some research points"}, {"start": "00:12:04", "end": "00:12:09", "text": "from us and got you going on the right"}, {"start": "00:12:06", "end": "00:12:12", "text": "direction with SpaceX. Listen, let's go"}, {"start": "00:12:09", "end": "00:12:15", "text": "over to this topic which is um the AI"}, {"start": "00:12:12", "end": "00:12:17", "text": "era and it starts to present a very"}, {"start": "00:12:15", "end": "00:12:22", "text": "intriguing issue that has occurred with"}, {"start": "00:12:17", "end": "00:12:24", "text": "IBM. IBM right there on June 2nd was up"}, {"start": "00:12:22", "end": "00:12:26", "text": "13% for the year trading highest level"}, {"start": "00:12:24", "end": "00:12:28", "text": "on record. Then they go out and report"}, {"start": "00:12:26", "end": "00:12:33", "text": "just 42 days later they basically didn't"}, {"start": "00:12:28", "end": "00:12:36", "text": "have an IB an AI plan. IBM fell 25% it"}, {"start": "00:12:33", "end": "00:12:37", "text": "biggest daily decline since 1968. I"}, {"start": "00:12:36", "end": "00:12:39", "text": "didn't know the company was around that"}, {"start": "00:12:37", "end": "00:12:43", "text": "long, but that's when they uh had that"}, {"start": "00:12:39", "end": "00:12:46", "text": "last one. The stock is now down 35% in"}, {"start": "00:12:43", "end": "00:12:49", "text": "42 days. That's erasing hundred billion"}, {"start": "00:12:46", "end": "00:12:51", "text": "in market cap. So, it's trans. I think"}, {"start": "00:12:49", "end": "00:12:54", "text": "this is is spot on. If you are a"}, {"start": "00:12:51", "end": "00:12:57", "text": "company, no matter who, if you're not"}, {"start": "00:12:54", "end": "00:13:00", "text": "preparing in some way, to at least give"}, {"start": "00:12:57", "end": "00:13:02", "text": "your investors some sort of narrative on"}, {"start": "00:13:00", "end": "00:13:04", "text": "AI, this is the issue that you're going"}, {"start": "00:13:02", "end": "00:13:06", "text": "to face right now. I want to go to a"}, {"start": "00:13:04", "end": "00:13:09", "text": "clip uh that kind of explains how IBM"}, {"start": "00:13:06", "end": "00:13:10", "text": "got in this predicament. Take a look."}, {"start": "00:13:09", "end": "00:13:12", "text": ">> Management openly admits that it didn't"}, {"start": "00:13:10", "end": "00:13:15", "text": "respond quickly enough and several"}, {"start": "00:13:12", "end": "00:13:17", "text": "larger deals slipped through. That to me"}, {"start": "00:13:15", "end": "00:13:20", "text": "should be treated more as execution"}, {"start": "00:13:17", "end": "00:13:21", "text": "failure on IBM's front. And that's"}, {"start": "00:13:20", "end": "00:13:23", "text": "essentially why the market punished the"}, {"start": "00:13:21", "end": "00:13:26", "text": "stock so much because it kind of rerated"}, {"start": "00:13:23", "end": "00:13:28", "text": "recently on expectations for stronger"}, {"start": "00:13:26", "end": "00:13:30", "text": "growth as well as an improving AI"}, {"start": "00:13:28", "end": "00:13:32", "text": "exposure tailwind for the company. But"}, {"start": "00:13:30", "end": "00:13:34", "text": "that was clearly not the case with this"}, {"start": "00:13:32", "end": "00:13:36", "text": "kind of preliminary results."}, {"start": "00:13:34", "end": "00:13:38", "text": ">> So you can see the point being is that"}, {"start": "00:13:36", "end": "00:13:40", "text": "you're a tech company. You've got to be"}, {"start": "00:13:38", "end": "00:13:41", "text": "able to do this. You've got to be able"}, {"start": "00:13:40", "end": "00:13:44", "text": "to integrate AI and you've got to give"}, {"start": "00:13:41", "end": "00:13:46", "text": "your uh investors some kind of at least"}, {"start": "00:13:44", "end": "00:13:48", "text": "runway. In many cases, you could"}, {"start": "00:13:46", "end": "00:13:50", "text": "probably give them some blue sky runway,"}, {"start": "00:13:48", "end": "00:13:52", "text": "but the point is is you got to give them"}, {"start": "00:13:50", "end": "00:13:54", "text": "something that you're in the planning"}, {"start": "00:13:52", "end": "00:13:56", "text": "and works for. And I think that's what's"}, {"start": "00:13:54", "end": "00:14:00", "text": "going to be facing the financial sectors"}, {"start": "00:13:56", "end": "00:14:02", "text": "very soon when it's related to crypto."}, {"start": "00:14:00", "end": "00:14:04", "text": "If you're not integrated in crypto some"}, {"start": "00:14:02", "end": "00:14:08", "text": "way, you're going to get punished for it"}, {"start": "00:14:04", "end": "00:14:09", "text": "in the market. Here is a clip uh of CZ"}, {"start": "00:14:08", "end": "00:14:10", "text": "saying that very same thing. Take a"}, {"start": "00:14:09", "end": "00:14:12", "text": "look."}, {"start": "00:14:10", "end": "00:14:14", "text": ">> Uh to the point where many there's many"}, {"start": "00:14:12", "end": "00:14:17", "text": "public listed company crypto companies"}, {"start": "00:14:14", "end": "00:14:19", "text": "in America. Uh the American public is"}, {"start": "00:14:17", "end": "00:14:21", "text": "heavily invested in crypto. I think most"}, {"start": "00:14:19", "end": "00:14:23", "text": "American politicians care about voters."}, {"start": "00:14:21", "end": "00:14:25", "text": "So anybody who's anti-crypto now will"}, {"start": "00:14:23", "end": "00:14:28", "text": "probably lose quite a lot of votes. Even"}, {"start": "00:14:25", "end": "00:14:30", "text": "if America flip-flops to an anti-crypto"}, {"start": "00:14:28", "end": "00:14:32", "text": "government again, um I think the rest of"}, {"start": "00:14:30", "end": "00:14:35", "text": "the world will probably have adopted we"}, {"start": "00:14:32", "end": "00:14:37", "text": "have progressed quite a bit and crypto"}, {"start": "00:14:35", "end": "00:14:39", "text": "is a decentralized technology. Um it's"}, {"start": "00:14:37", "end": "00:14:41", "text": "the blockchains running 24/7. Bitcoin is"}, {"start": "00:14:39", "end": "00:14:43", "text": "not going to stop. There will be some"}, {"start": "00:14:41", "end": "00:14:45", "text": "negative impacts when it's global"}, {"start": "00:14:43", "end": "00:14:47", "text": "superpower uh have negative policies or"}, {"start": "00:14:45", "end": "00:14:48", "text": "negative stance towards crypto. But the"}, {"start": "00:14:47", "end": "00:14:50", "text": "industry would have developed quite"}, {"start": "00:14:48", "end": "00:14:52", "text": "significantly. So it will be very hard"}, {"start": "00:14:50", "end": "00:14:55", "text": "to re to really to really back like look"}, {"start": "00:14:52", "end": "00:14:56", "text": "if you're anti- AI you're just not going"}, {"start": "00:14:55", "end": "00:14:58", "text": "to have the AI industry but the AI"}, {"start": "00:14:56", "end": "00:15:00", "text": "industry is going to develop in the rest"}, {"start": "00:14:58", "end": "00:15:02", "text": "of the world once a technologies once"}, {"start": "00:15:00", "end": "00:15:04", "text": "the genius out of the bottle once the"}, {"start": "00:15:02", "end": "00:15:05", "text": "technology is like spread out you can't"}, {"start": "00:15:04", "end": "00:15:08", "text": "delete it."}, {"start": "00:15:05", "end": "00:15:09", "text": ">> All right so from that clip it it's kind"}, {"start": "00:15:08", "end": "00:15:11", "text": "of interesting here because you got a"}, {"start": "00:15:09", "end": "00:15:14", "text": "couple of things you've got to look at."}, {"start": "00:15:11", "end": "00:15:16", "text": "One is the US falling behind. Two, is"}, {"start": "00:15:14", "end": "00:15:20", "text": "the rest of the world stage advancing in"}, {"start": "00:15:16", "end": "00:15:23", "text": "what is maybe the most technological"}, {"start": "00:15:20", "end": "00:15:25", "text": "important advancement in finance that"}, {"start": "00:15:23", "end": "00:15:27", "text": "the world has ever seen. And I would"}, {"start": "00:15:25", "end": "00:15:29", "text": "agree with him. But you have American"}, {"start": "00:15:27", "end": "00:15:30", "text": "politicians that of course whether they"}, {"start": "00:15:29", "end": "00:15:32", "text": "think they're trying to get votes or"}, {"start": "00:15:30", "end": "00:15:33", "text": "not, I think it really boils down to"}, {"start": "00:15:32", "end": "00:15:36", "text": "where's the money coming from."}, {"start": "00:15:33", "end": "00:15:38", "text": "Unfortunately, that's the case. Binance"}, {"start": "00:15:36", "end": "00:15:40", "text": "is also eyeing a super app. Uh they're"}, {"start": "00:15:38", "end": "00:15:42", "text": "going to go beyond crypto trading. And I"}, {"start": "00:15:40", "end": "00:15:44", "text": "think this is the point. Binance is"}, {"start": "00:15:42", "end": "00:15:48", "text": "trying to become something bigger. Now"}, {"start": "00:15:44", "end": "00:15:51", "text": "remember, Binance was uh not involved in"}, {"start": "00:15:48", "end": "00:15:52", "text": "the Mika advancement. I'm wondering if"}, {"start": "00:15:51", "end": "00:15:57", "text": "they are trying to prep for maybe"}, {"start": "00:15:52", "end": "00:15:59", "text": "another run at the US and Europe in a"}, {"start": "00:15:57", "end": "00:16:01", "text": "different way. So, we'll see how this uh"}, {"start": "00:15:59", "end": "00:16:03", "text": "how this goes with them because they are"}, {"start": "00:16:01", "end": "00:16:05", "text": "starting to push in some other areas."}, {"start": "00:16:03", "end": "00:16:07", "text": "Here's another thing that's happening"}, {"start": "00:16:05", "end": "00:16:10", "text": "and that is Robin Hood chain continues"}, {"start": "00:16:07", "end": "00:16:12", "text": "to be uh stellar and that means they are"}, {"start": "00:16:10", "end": "00:16:14", "text": "now live on MetaMask. So you can swap do"}, {"start": "00:16:12", "end": "00:16:18", "text": "a lot of things over there. Uh and this"}, {"start": "00:16:14", "end": "00:16:20", "text": "of course only positions Robin Hood as a"}, {"start": "00:16:18", "end": "00:16:22", "text": "much stronger play for this next"}, {"start": "00:16:20", "end": "00:16:25", "text": "generation of investor and this is"}, {"start": "00:16:22", "end": "00:16:27", "text": "something that I think the banks and"}, {"start": "00:16:25", "end": "00:16:30", "text": "traditional finance are deathly afraid"}, {"start": "00:16:27", "end": "00:16:32", "text": "of is that the next generation investor"}, {"start": "00:16:30", "end": "00:16:34", "text": "is going to be doing things completely"}, {"start": "00:16:32", "end": "00:16:36", "text": "different. This is a good example of it"}, {"start": "00:16:34", "end": "00:16:38", "text": "with this partnership there. Goldman"}, {"start": "00:16:36", "end": "00:16:40", "text": "Sachs raised uh the to pay off on that."}, {"start": "00:16:38", "end": "00:16:44", "text": "Goldman Sachs raised the hood price"}, {"start": "00:16:40", "end": "00:16:46", "text": "target from 137 uh 2137 from 121. And"}, {"start": "00:16:44", "end": "00:16:49", "text": "that's probably low on this. If you look"}, {"start": "00:16:46", "end": "00:16:52", "text": "back at the charts on hood, this thing"}, {"start": "00:16:49", "end": "00:16:56", "text": "actually hit what was that two 151 back"}, {"start": "00:16:52", "end": "00:17:00", "text": "here in October of 2025. Right there"}, {"start": "00:16:56", "end": "00:17:05", "text": "151. Uh it's edging out right now 115."}, {"start": "00:17:00", "end": "00:17:07", "text": "There's the 137 bump right there, which"}, {"start": "00:17:05", "end": "00:17:09", "text": "from where it's trading at today. Let's"}, {"start": "00:17:07", "end": "00:17:13", "text": "take a look and see what that would give"}, {"start": "00:17:09", "end": "00:17:15", "text": "us on going up to 137 right there. 137"}, {"start": "00:17:13", "end": "00:17:17", "text": "still up another 20% based on the"}, {"start": "00:17:15", "end": "00:17:20", "text": "current target. So, if Robin Hood"}, {"start": "00:17:17", "end": "00:17:22", "text": "continues to accelerate and win the"}, {"start": "00:17:20", "end": "00:17:25", "text": "financial war on Wall Street for next"}, {"start": "00:17:22", "end": "00:17:27", "text": "generation investors, okay, maybe this"}, {"start": "00:17:25", "end": "00:17:29", "text": "or they may could go super cycle on this"}, {"start": "00:17:27", "end": "00:17:32", "text": "as well. So there's a lot of a lot of"}, {"start": "00:17:29", "end": "00:17:33", "text": "opportunity uh with that one. This was a"}, {"start": "00:17:32", "end": "00:17:35", "text": "new one right here. And this is coming"}, {"start": "00:17:33", "end": "00:17:36", "text": "in from virtuals. Basically, it's"}, {"start": "00:17:35", "end": "00:17:38", "text": "getting if you wanted to get access to"}, {"start": "00:17:36", "end": "00:17:41", "text": "some of these, you know, more edgy"}, {"start": "00:17:38", "end": "00:17:42", "text": "tokens on Robin Hood, but you weren't"}, {"start": "00:17:41", "end": "00:17:44", "text": "necessarily wanting to camp it all in"}, {"start": "00:17:42", "end": "00:17:47", "text": "one. Anyone now is going to be able to"}, {"start": "00:17:44", "end": "00:17:49", "text": "compose their own index from tokenized"}, {"start": "00:17:47", "end": "00:17:50", "text": "assets on Robin Hood chain. That's a big"}, {"start": "00:17:49", "end": "00:17:52", "text": "deal because it's going to give you a"}, {"start": "00:17:50", "end": "00:17:53", "text": "lot more flexibility. I think this may"}, {"start": "00:17:52", "end": "00:17:56", "text": "end up being being used and it's going"}, {"start": "00:17:53", "end": "00:17:58", "text": "to be used by agents. So imagine agents"}, {"start": "00:17:56", "end": "00:18:00", "text": "starting to trade on this which is going"}, {"start": "00:17:58", "end": "00:18:03", "text": "to happen guys we are in the early early"}, {"start": "00:18:00", "end": "00:18:05", "text": "innings. We may be in the preseason for"}, {"start": "00:18:03", "end": "00:18:07", "text": "this but the point being we're going to"}, {"start": "00:18:05", "end": "00:18:09", "text": "see a lot of agentic protocols really"}, {"start": "00:18:07", "end": "00:18:12", "text": "starting to move this direction. Uh here"}, {"start": "00:18:09", "end": "00:18:13", "text": "was Galaxy doing something similarly and"}, {"start": "00:18:12", "end": "00:18:16", "text": "that is for the first time now"}, {"start": "00:18:13", "end": "00:18:19", "text": "institutions can access single"}, {"start": "00:18:16", "end": "00:18:21", "text": "continuously rebalanced rates across a"}, {"start": "00:18:19", "end": "00:18:23", "text": "morpho and spark. I just want to kind of"}, {"start": "00:18:21", "end": "00:18:25", "text": "step back a minute. That's Galaxy"}, {"start": "00:18:23", "end": "00:18:29", "text": "Digital"}, {"start": "00:18:25", "end": "00:18:31", "text": "talking about vaults, a morpho and"}, {"start": "00:18:29", "end": "00:18:33", "text": "spark. We are in some interesting times"}, {"start": "00:18:31", "end": "00:18:35", "text": "and it's only going to get better"}, {"start": "00:18:33", "end": "00:18:37", "text": "because I think this market is going to"}, {"start": "00:18:35", "end": "00:18:39", "text": "be exploding as we start to continue the"}, {"start": "00:18:37", "end": "00:18:42", "text": "breakout where Bitcoin's trading as we"}, {"start": "00:18:39", "end": "00:18:44", "text": "are recording right now at 65K. So, nice"}, {"start": "00:18:42", "end": "00:18:46", "text": "new one. All right, let's go over to"}, {"start": "00:18:44", "end": "00:18:48", "text": "some XRP topics because I thought this"}, {"start": "00:18:46", "end": "00:18:51", "text": "was extremely interesting. Uh the DTC"}, {"start": "00:18:48", "end": "00:18:54", "text": "has launched something that is insane"}, {"start": "00:18:51", "end": "00:18:57", "text": "and that is a haircut on XRP especially"}, {"start": "00:18:54", "end": "00:18:59", "text": "on these micro cap stocks. Uh this would"}, {"start": "00:18:57", "end": "00:19:02", "text": "be charged at 35%"}, {"start": "00:18:59", "end": "00:19:06", "text": "for XRP because of the risk level that"}, {"start": "00:19:02", "end": "00:19:09", "text": "the DTCC says. So they went out and did"}, {"start": "00:19:06", "end": "00:19:11", "text": "a whole promotion. I guess it was a to"}, {"start": "00:19:09", "end": "00:19:16", "text": "me this is a publicity stunt. Look at"}, {"start": "00:19:11", "end": "00:19:16", "text": "what they have to say here. Take a look."}, {"start": "00:19:16", "end": "00:19:20", "text": "Today [music] marks a major milestone"}, {"start": "00:19:18", "end": "00:19:22", "text": "for global financial markets. We're"}, {"start": "00:19:20", "end": "00:19:23", "text": "moving from talking points to proof"}, {"start": "00:19:22", "end": "00:19:26", "text": "points."}, {"start": "00:19:23", "end": "00:19:28", "text": ">> We will demonstrate that the old and the"}, {"start": "00:19:26", "end": "00:19:31", "text": "new can live together. Hopefully uh"}, {"start": "00:19:28", "end": "00:19:34", "text": "build the foundation that would lead to"}, {"start": "00:19:31", "end": "00:19:37", "text": "a scalable launch come October."}, {"start": "00:19:34", "end": "00:19:39", "text": ">> Thanks Naen. Now let's hear from Brian."}, {"start": "00:19:37", "end": "00:19:41", "text": ">> We're really excited for today's events"}, {"start": "00:19:39", "end": "00:19:42", "text": "and what it means for the future of"}, {"start": "00:19:41", "end": "00:19:44", "text": "finance."}, {"start": "00:19:42", "end": "00:19:46", "text": ">> Thanks Brian. We encourage you to follow"}, {"start": "00:19:44", "end": "00:19:51", "text": "along on dtcc.com"}, {"start": "00:19:46", "end": "00:19:51", "text": "for updates as the event unfolds."}, {"start": "00:19:53", "end": "00:19:58", "text": "By the time this event concludes,"}, {"start": "00:19:56", "end": "00:20:00", "text": "tokenization will no longer be just a"}, {"start": "00:19:58", "end": "00:20:03", "text": "promise or a headline. It will be"}, {"start": "00:20:00", "end": "00:20:06", "text": "operating in production within trusted"}, {"start": "00:20:03", "end": "00:20:08", "text": "market infrastructure."}, {"start": "00:20:06", "end": "00:20:10", "text": "In our first update of the day, JP"}, {"start": "00:20:08", "end": "00:20:14", "text": "Morgan successfully tokenized the"}, {"start": "00:20:10", "end": "00:20:17", "text": "Invesco NASDAQ 100 ETF."}, {"start": "00:20:14", "end": "00:20:20", "text": "We participated in the DTCC's limited"}, {"start": "00:20:17", "end": "00:20:22", "text": "trade production event to evaluate the"}, {"start": "00:20:20", "end": "00:20:24", "text": "feasibility of using tokenized"}, {"start": "00:20:22", "end": "00:20:26", "text": "securities within a US-based CCP"}, {"start": "00:20:24", "end": "00:20:29", "text": "workflow."}, {"start": "00:20:26", "end": "00:20:30", "text": "For us, the opportunity is clear."}, {"start": "00:20:29", "end": "00:20:32", "text": ">> Thank you for sharing those insights."}, {"start": "00:20:30", "end": "00:20:34", "text": ">> And it's not just a case that that was a"}, {"start": "00:20:32", "end": "00:20:35", "text": "simple move from a wallet to another"}, {"start": "00:20:34", "end": "00:20:36", "text": "wallet."}, {"start": "00:20:35", "end": "00:20:39", "text": ">> Thanks, Tom."}, {"start": "00:20:36", "end": "00:20:42", "text": ">> So, very much a real transaction and not"}, {"start": "00:20:39", "end": "00:20:43", "text": "a simulation."}, {"start": "00:20:42", "end": "00:20:45", "text": "Thanks, Aaron."}, {"start": "00:20:43", "end": "00:20:48", "text": ">> This isn't a science project. These were"}, {"start": "00:20:45", "end": "00:20:50", "text": "real production trades, real assets, and"}, {"start": "00:20:48", "end": "00:20:54", "text": "real value. And keep following along as"}, {"start": "00:20:50", "end": "00:20:54", "text": "we share more updates."}, {"start": "00:21:01", "end": "00:21:05", "text": "Now, let's hear Microsoft's perspective"}, {"start": "00:21:03", "end": "00:21:07", "text": "on today's milestone from Bill Bordon at"}, {"start": "00:21:05", "end": "00:21:09", "text": "Microsoft."}, {"start": "00:21:07", "end": "00:21:12", "text": ">> Great. Thanks. Microsoft is so excited"}, {"start": "00:21:09", "end": "00:21:13", "text": "to partner with DTCC to help advance"}, {"start": "00:21:12", "end": "00:21:14", "text": "this effort, but it's just the"}, {"start": "00:21:13", "end": "00:21:16", "text": "beginning."}, {"start": "00:21:14", "end": "00:21:18", "text": ">> By connecting our own node to the"}, {"start": "00:21:16", "end": "00:21:21", "text": "content network, we were able to"}, {"start": "00:21:18", "end": "00:21:24", "text": "demonstrate the seamless instant"}, {"start": "00:21:21", "end": "00:21:27", "text": "transfer of highquality liquid assets in"}, {"start": "00:21:24", "end": "00:21:29", "text": "a production-like environment."}, {"start": "00:21:27", "end": "00:21:31", "text": ">> Thanks, Stefan. The amount of companies"}, {"start": "00:21:29", "end": "00:21:34", "text": "involved in that transaction is the"}, {"start": "00:21:31", "end": "00:21:35", "text": "perfect example of interoperability."}, {"start": "00:21:34", "end": "00:21:38", "text": "Well, we're nearing the end of today's"}, {"start": "00:21:35", "end": "00:21:39", "text": "watershed tokenization event."}, {"start": "00:21:38", "end": "00:21:43", "text": "I think we might be nearing [laughter]"}, {"start": "00:21:39", "end": "00:21:46", "text": "the end of realization of what the DCC"}, {"start": "00:21:43", "end": "00:21:48", "text": "DTCC is trying to do. So, crazy stuff"}, {"start": "00:21:46", "end": "00:21:50", "text": "out there, guys, right now. So, I think"}, {"start": "00:21:48", "end": "00:21:53", "text": "you see right through this clearly."}, {"start": "00:21:50", "end": "00:21:55", "text": "Don't worry about it. Head down. Carry"}, {"start": "00:21:53", "end": "00:21:56", "text": "on because this is the kind of craziness"}, {"start": "00:21:55", "end": "00:21:58", "text": "that we're dealing with in the market."}, {"start": "00:21:56", "end": "00:22:00", "text": "We've got a lot more coming this week."}, {"start": "00:21:58", "end": "00:22:03", "text": "It's going to get closer on clarity, so"}, {"start": "00:22:00", "end": "00:22:03", "text": "stay tuned."}, {"start": "00:22:05", "end": "00:22:07", "text": ">> [music]"}, {"start": "00:22:07", "end": "00:22:10", "text": ">> If you like this video, hit like and"}, {"start": "00:22:09", "end": "00:22:13", "text": "subscribe. Drop a comment [music] down"}, {"start": "00:22:10", "end": "00:22:14", "text": "below and also join our free private"}, {"start": "00:22:13", "end": "00:22:17", "text": "member group. The link is in the"}, {"start": "00:22:14", "end": "00:22:17", "text": "description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Inflation surprise is of course boosting"}, {"start": "00:00:02", "end": "00:00:06", "text": "altcoin season or is it? Today we'll"}, {"start": "00:00:04", "end": "00:00:08", "text": "break it all down. Try to get into this"}, {"start": "00:00:06", "end": "00:00:09", "text": "because there's a lot happening in the"}, {"start": "00:00:08", "end": "00:00:12", "text": "market. Let's go into it. I do want to"}, {"start": "00:00:09", "end": "00:00:15", "text": "thank our sponsor and that is OKX where"}, {"start": "00:00:12", "end": "00:00:16", "text": "you guys can jump into a lot of things,"}, {"start": "00:00:15", "end": "00:00:22", "text": "not only just trading, but you can also"}, {"start": "00:00:16", "end": "00:00:24", "text": "earn up to 4.1% APY holding USDG on OKX"}, {"start": "00:00:22", "end": "00:00:25", "text": "as well as RLUSD. So, there's a lot"}, {"start": "00:00:24", "end": "00:00:28", "text": "available out there. One thing I like"}, {"start": "00:00:25", "end": "00:00:30", "text": "about this is it's no subscription. You"}, {"start": "00:00:28", "end": "00:00:32", "text": "know how certain exchanges charge you a"}, {"start": "00:00:30", "end": "00:00:34", "text": "little money to be able to get access to"}, {"start": "00:00:32", "end": "00:00:37", "text": "these good yields? Well, that's not the"}, {"start": "00:00:34", "end": "00:00:39", "text": "way on OKX. No lockups as well, meaning"}, {"start": "00:00:37", "end": "00:00:41", "text": "you can pull it out anytime, flip it"}, {"start": "00:00:39", "end": "00:00:44", "text": "right back into cash or into crypto. You"}, {"start": "00:00:41", "end": "00:00:47", "text": "choose. All of that available over on"}, {"start": "00:00:44", "end": "00:00:49", "text": "OKX. All you have to do is use our link"}, {"start": "00:00:47", "end": "00:00:51", "text": "and you guys can get out there and start"}, {"start": "00:00:49", "end": "00:00:53", "text": "trading, earning yield, all sorts of"}, {"start": "00:00:51", "end": "00:00:55", "text": "activities out there for where this"}, {"start": "00:00:53", "end": "00:00:56", "text": "market is heading right now. And right"}, {"start": "00:00:55", "end": "00:00:58", "text": "now, it's heading in the right right"}, {"start": "00:00:56", "end": "00:01:00", "text": "direction. Let's go over to a couple of"}, {"start": "00:00:58", "end": "00:01:03", "text": "points I want to hit on and that is the"}, {"start": "00:01:00", "end": "00:01:06", "text": "June CPI inflation falls at 3.5%. This"}, {"start": "00:01:03", "end": "00:01:10", "text": "was below expectations of 3.8. The core"}, {"start": "00:01:06", "end": "00:01:12", "text": "CPI fell to 2.6 below expectations of"}, {"start": "00:01:10", "end": "00:01:14", "text": "2.8. And the last time that we've had"}, {"start": "00:01:12", "end": "00:01:17", "text": "these kind of numbers was all the way"}, {"start": "00:01:14", "end": "00:01:20", "text": "back in May of 2020. And we all know"}, {"start": "00:01:17", "end": "00:01:23", "text": "what happened in May of 2020. So pretty"}, {"start": "00:01:20", "end": "00:01:25", "text": "significant here. And the stock market"}, {"start": "00:01:23", "end": "00:01:27", "text": "as well as crypto is rewarding these"}, {"start": "00:01:25", "end": "00:01:29", "text": "numbers. I think some of the things"}, {"start": "00:01:27", "end": "00:01:31", "text": "we're going to see right now is really"}, {"start": "00:01:29", "end": "00:01:34", "text": "going to boil down to this right here."}, {"start": "00:01:31", "end": "00:01:38", "text": "And that is where is the Fed chair going"}, {"start": "00:01:34", "end": "00:01:41", "text": "to be when it comes to a rate cut, a"}, {"start": "00:01:38", "end": "00:01:43", "text": "rate hike, or a pause. So, he went in"}, {"start": "00:01:41", "end": "00:01:46", "text": "front of Congress uh in his first"}, {"start": "00:01:43", "end": "00:01:48", "text": "monetary policy report. We've got a few"}, {"start": "00:01:46", "end": "00:01:49", "text": "clips for you that talks about his"}, {"start": "00:01:48", "end": "00:01:52", "text": "direction. And there's some very"}, {"start": "00:01:49", "end": "00:01:53", "text": "specific ones here I think that are"}, {"start": "00:01:52", "end": "00:01:55", "text": "intriguing and you kind of have to read"}, {"start": "00:01:53", "end": "00:01:57", "text": "between the lines, but we'll we'll talk"}, {"start": "00:01:55", "end": "00:02:00", "text": "about it a little bit. But this is in"}, {"start": "00:01:57", "end": "00:02:03", "text": "reference to his tolerance for"}, {"start": "00:02:00", "end": "00:02:05", "text": "inflation. Take a look. Now, at the Fed,"}, {"start": "00:02:03", "end": "00:02:08", "text": "our number one objective is getting"}, {"start": "00:02:05", "end": "00:02:13", "text": "monetary policy right. That's our clear"}, {"start": "00:02:08", "end": "00:02:16", "text": "and constant aim, the star we steer by."}, {"start": "00:02:13", "end": "00:02:19", "text": "And if we get policy right, and I can"}, {"start": "00:02:16", "end": "00:02:22", "text": "assure you we will, the inflation surge"}, {"start": "00:02:19", "end": "00:02:25", "text": "of the last five years will be a thing"}, {"start": "00:02:22", "end": "00:02:28", "text": "of the past. Underlying inflation over"}, {"start": "00:02:25", "end": "00:02:31", "text": "longer time horizons is determined"}, {"start": "00:02:28", "end": "00:02:33", "text": "largely by monetary policy. As the"}, {"start": "00:02:31", "end": "00:02:35", "text": "chairman said at the outset, inflation's"}, {"start": "00:02:33", "end": "00:02:37", "text": "a choice. The members of our committee"}, {"start": "00:02:35", "end": "00:02:41", "text": "have no tolerance for persistently"}, {"start": "00:02:37", "end": "00:02:43", "text": "elevated inflation and we share a"}, {"start": "00:02:41", "end": "00:02:45", "text": "resolute commitment to ensure price"}, {"start": "00:02:43", "end": "00:02:48", "text": "stability."}, {"start": "00:02:45", "end": "00:02:50", "text": "All right. So you can see he's very I"}, {"start": "00:02:48", "end": "00:02:53", "text": "would use the word resolute. He is very"}, {"start": "00:02:50", "end": "00:02:55", "text": "committed to this idea of changing some"}, {"start": "00:02:53", "end": "00:02:57", "text": "policy within the Fed architecture to be"}, {"start": "00:02:55", "end": "00:02:59", "text": "able to get in and really control what's"}, {"start": "00:02:57", "end": "00:03:01", "text": "happening in the markets. Peter Schiff"}, {"start": "00:02:59", "end": "00:03:03", "text": "touched on this. The only way regime"}, {"start": "00:03:01", "end": "00:03:05", "text": "change of the Fed will reduce inflation"}, {"start": "00:03:03", "end": "00:03:07", "text": "if we also get regime change in"}, {"start": "00:03:05", "end": "00:03:09", "text": "Congress. And that I know is not going"}, {"start": "00:03:07", "end": "00:03:11", "text": "to happen. But ending it requires huge"}, {"start": "00:03:09", "end": "00:03:12", "text": "cuts to government spending, which is"}, {"start": "00:03:11", "end": "00:03:14", "text": "another thing that's not going to"}, {"start": "00:03:12", "end": "00:03:17", "text": "happen. I think all of this really boils"}, {"start": "00:03:14", "end": "00:03:19", "text": "down to how does the Fed start to put"}, {"start": "00:03:17", "end": "00:03:21", "text": "more pressure on the overall market. And"}, {"start": "00:03:19", "end": "00:03:25", "text": "one of the questions that have been"}, {"start": "00:03:21", "end": "00:03:27", "text": "asked of Kevin Worsh has always been"}, {"start": "00:03:25", "end": "00:03:29", "text": "around Trump because Trump put him in."}, {"start": "00:03:27", "end": "00:03:33", "text": "Does he just gonna follow Trump's"}, {"start": "00:03:29", "end": "00:03:34", "text": "requests or Trump's need for lower"}, {"start": "00:03:33", "end": "00:03:36", "text": "interest rates or how's he going to"}, {"start": "00:03:34", "end": "00:03:39", "text": "respond? Well, here's a clip."}, {"start": "00:03:36", "end": "00:03:41", "text": ">> Will you follow the president's wishes"}, {"start": "00:03:39", "end": "00:03:44", "text": "or follow the data?"}, {"start": "00:03:41", "end": "00:03:45", "text": ">> Uh, my commitment to you is to follow"}, {"start": "00:03:44", "end": "00:03:48", "text": "the law and follow the data."}, {"start": "00:03:45", "end": "00:03:53", "text": ">> And that's even if he publicly"}, {"start": "00:03:48", "end": "00:03:55", "text": "criticizes you, will you still do what"}, {"start": "00:03:53", "end": "00:03:57", "text": "the data tells you to do?"}, {"start": "00:03:55", "end": "00:04:00", "text": ">> I I I will, Congressman. You ready for"}, {"start": "00:03:57", "end": "00:04:00", "text": "that?"}, {"start": "00:04:01", "end": "00:04:04", "text": ">> All right. So, you've got Wars kind of"}, {"start": "00:04:02", "end": "00:04:05", "text": "pushing back there. Hey, listen. I'm"}, {"start": "00:04:04", "end": "00:04:07", "text": "just going to follow the data. And maybe"}, {"start": "00:04:05", "end": "00:04:09", "text": "the data is now starting to tell him"}, {"start": "00:04:07", "end": "00:04:11", "text": "something already with these CPI prints"}, {"start": "00:04:09", "end": "00:04:15", "text": "because if you look at the hike rate"}, {"start": "00:04:11", "end": "00:04:20", "text": "possibility for 2026, it of course just"}, {"start": "00:04:15", "end": "00:04:22", "text": "caved from 71% down to 50% just in a few"}, {"start": "00:04:20", "end": "00:04:24", "text": "short uh days. And of course, all of"}, {"start": "00:04:22", "end": "00:04:26", "text": "that coming in from CPI and a lot of"}, {"start": "00:04:24", "end": "00:04:29", "text": "what's happening in the market. Cali"}, {"start": "00:04:26", "end": "00:04:31", "text": "odds of a 25 basis points hike in July"}, {"start": "00:04:29", "end": "00:04:35", "text": "on the FOMC meeting, which was kind of"}, {"start": "00:04:31", "end": "00:04:37", "text": "holding at about 35% has continuing to"}, {"start": "00:04:35", "end": "00:04:39", "text": "drop. This is definitely I would agree"}, {"start": "00:04:37", "end": "00:04:41", "text": "with with Zack Panel here. It's going to"}, {"start": "00:04:39", "end": "00:04:43", "text": "zero. And he kind of hits on a few other"}, {"start": "00:04:41", "end": "00:04:45", "text": "points here that let me kind of zoom in"}, {"start": "00:04:43", "end": "00:04:47", "text": "on that for you. The and he's talking"}, {"start": "00:04:45", "end": "00:04:49", "text": "about this Bitcoin wall of worry. And"}, {"start": "00:04:47", "end": "00:04:51", "text": "this is something that also I think"}, {"start": "00:04:49", "end": "00:04:53", "text": "starts to affect the market and that is"}, {"start": "00:04:51", "end": "00:04:56", "text": "what's been going on with Micro Strategy"}, {"start": "00:04:53", "end": "00:04:58", "text": "and Sailor and the stabilization of"}, {"start": "00:04:56", "end": "00:05:00", "text": "their balance sheet whether you think it"}, {"start": "00:04:58", "end": "00:05:02", "text": "has or not because it hasn't pegged back"}, {"start": "00:05:00", "end": "00:05:04", "text": "yet. We're talking about stretch. Uh and"}, {"start": "00:05:02", "end": "00:05:07", "text": "then the other issue is no Fed rate uh"}, {"start": "00:05:04", "end": "00:05:09", "text": "hike which it looks like for July this"}, {"start": "00:05:07", "end": "00:05:11", "text": "is going to be the case. We have a Fed"}, {"start": "00:05:09", "end": "00:05:14", "text": "uh meeting next week. Uh and then we"}, {"start": "00:05:11", "end": "00:05:16", "text": "have the issue of do we get clarity act"}, {"start": "00:05:14", "end": "00:05:19", "text": "passed. So, it's really boiling down to"}, {"start": "00:05:16", "end": "00:05:22", "text": "that. And I think we are in a position"}, {"start": "00:05:19", "end": "00:05:24", "text": "right now that maybe summer might be"}, {"start": "00:05:22", "end": "00:05:26", "text": "lining up for a nice little run here."}, {"start": "00:05:24", "end": "00:05:29", "text": "Let's remember one thing that Tom Lee"}, {"start": "00:05:26", "end": "00:05:32", "text": "said and has said multiple times, and"}, {"start": "00:05:29", "end": "00:05:34", "text": "that is that he is concerned there could"}, {"start": "00:05:32", "end": "00:05:36", "text": "be a pullback. Now, has he changed his"}, {"start": "00:05:34", "end": "00:05:39", "text": "mind? We haven't full pulled a clip that"}, {"start": "00:05:36", "end": "00:05:42", "text": "says that yet, but he does give us some"}, {"start": "00:05:39", "end": "00:05:44", "text": "indicators around the CPI. Take a look."}, {"start": "00:05:42", "end": "00:05:47", "text": ">> Inflation's weakening. If we look at the"}, {"start": "00:05:44", "end": "00:05:50", "text": "last seven, I'm sorry, eight CPI"}, {"start": "00:05:47", "end": "00:05:52", "text": "reports, the inflation number came in"}, {"start": "00:05:50", "end": "00:05:54", "text": "better than expected seven of eight"}, {"start": "00:05:52", "end": "00:05:57", "text": "times. April was the only shock effect"}, {"start": "00:05:54", "end": "00:06:00", "text": "of the Iran war and and on petroleum"}, {"start": "00:05:57", "end": "00:06:03", "text": "products and the supply chain, but the"}, {"start": "00:06:00", "end": "00:06:05", "text": "May number was a downside reading. And"}, {"start": "00:06:03", "end": "00:06:07", "text": "yet inflation is at 2.85%"}, {"start": "00:06:05", "end": "00:06:10", "text": "year-over-year. Now, it's going to"}, {"start": "00:06:07", "end": "00:06:12", "text": "become easier comps as we get to June,"}, {"start": "00:06:10", "end": "00:06:14", "text": "which comes next week, July and August,"}, {"start": "00:06:12", "end": "00:06:16", "text": "because as you can see here, those"}, {"start": "00:06:14", "end": "00:06:18", "text": "month-over-month numbers are higher."}, {"start": "00:06:16", "end": "00:06:20", "text": "That's from last year's tariff wars. All"}, {"start": "00:06:18", "end": "00:06:22", "text": "right. So, his point is that he"}, {"start": "00:06:20", "end": "00:06:24", "text": "understands one thing, and that is"}, {"start": "00:06:22", "end": "00:06:27", "text": "there's a declining number here starting"}, {"start": "00:06:24", "end": "00:06:30", "text": "to show very significant data to the"}, {"start": "00:06:27", "end": "00:06:32", "text": "Fed. And when you look at that and you"}, {"start": "00:06:30", "end": "00:06:35", "text": "kind of consider the position for Worsh,"}, {"start": "00:06:32", "end": "00:06:37", "text": "maybe Worsh has an idea of how he's"}, {"start": "00:06:35", "end": "00:06:39", "text": "going to play this out. One thing that"}, {"start": "00:06:37", "end": "00:06:41", "text": "is happening is the market is"}, {"start": "00:06:39", "end": "00:06:44", "text": "responding. Bitcoin of course reclaimed"}, {"start": "00:06:41", "end": "00:06:47", "text": "64K. ETH of course reclaimed 1880. This"}, {"start": "00:06:44", "end": "00:06:50", "text": "is all after this morning's CPI post. So"}, {"start": "00:06:47", "end": "00:06:52", "text": "another big deal. It's up 2% in the last"}, {"start": "00:06:50", "end": "00:06:55", "text": "hour and a half. So lots of good numbers"}, {"start": "00:06:52", "end": "00:06:58", "text": "here overall. Eth over I think over 5%"}, {"start": "00:06:55", "end": "00:07:00", "text": "up now for the day. uh and 134 million"}, {"start": "00:06:58", "end": "00:07:03", "text": "in shorts were liquidated as well. So"}, {"start": "00:07:00", "end": "00:07:06", "text": "this leads me to something else on the"}, {"start": "00:07:03", "end": "00:07:09", "text": "uh agenda for Kevin Walsh and that is"}, {"start": "00:07:06", "end": "00:07:12", "text": "this idea that has been posed before"}, {"start": "00:07:09", "end": "00:07:15", "text": "that the Fed could go into the idea of"}, {"start": "00:07:12", "end": "00:07:17", "text": "bailing out crypto companies. Well, he"}, {"start": "00:07:15", "end": "00:07:21", "text": "had a surprise. Take a look. There's a"}, {"start": "00:07:17", "end": "00:07:25", "text": "rival to these institutions and that is"}, {"start": "00:07:21", "end": "00:07:26", "text": "stable coins which are just like a money"}, {"start": "00:07:25", "end": "00:07:30", "text": "market fund except you earn zero"}, {"start": "00:07:26", "end": "00:07:30", "text": "interest and everything is hidden. Can"}, {"start": "00:07:30", "end": "00:07:32", "text": "you assure us"}, {"start": "00:07:30", "end": "00:07:34", "text": ">> that we need are"}, {"start": "00:07:32", "end": "00:07:37", "text": ">> you will not be bailing out stable coin"}, {"start": "00:07:34", "end": "00:07:39", "text": "and cryptocurrency. We do not want to be"}, {"start": "00:07:37", "end": "00:07:41", "text": "in the bailout business. Full stop."}, {"start": "00:07:39", "end": "00:07:44", "text": ">> But your predecessor"}, {"start": "00:07:41", "end": "00:07:47", "text": "did provide a liquidity function for"}, {"start": "00:07:44", "end": "00:07:49", "text": "stable coh for money market funds. If,"}, {"start": "00:07:47", "end": "00:07:51", "text": "god forbid, we faced a similar"}, {"start": "00:07:49", "end": "00:07:52", "text": "circumstance in the crypto world, would"}, {"start": "00:07:51", "end": "00:07:54", "text": "you bail them out?"}, {"start": "00:07:52", "end": "00:07:57", "text": ">> I want to be very clear. Um, we're going"}, {"start": "00:07:54", "end": "00:08:00", "text": "to do everything we can to mitigate"}, {"start": "00:07:57", "end": "00:08:01", "text": "those sorts of extraordinary risks. We"}, {"start": "00:08:00", "end": "00:08:05", "text": "want to be in a position we're not"}, {"start": "00:08:01", "end": "00:08:06", "text": "bailing out anybody, including crypto."}, {"start": "00:08:05", "end": "00:08:08", "text": "You're not really answering the"}, {"start": "00:08:06", "end": "00:08:11", "text": "question."}, {"start": "00:08:08", "end": "00:08:14", "text": ">> Wow. I think that may have backfired on"}, {"start": "00:08:11", "end": "00:08:16", "text": "a little Mr. Brad Sherman there and that"}, {"start": "00:08:14", "end": "00:08:18", "text": "is Kevin Worsh just said he's not"}, {"start": "00:08:16", "end": "00:08:22", "text": "bailing out the banks. He said we're not"}, {"start": "00:08:18", "end": "00:08:24", "text": "bailing out anybody including crypto. So"}, {"start": "00:08:22", "end": "00:08:27", "text": "big news here coming out of the Fed for"}, {"start": "00:08:24", "end": "00:08:29", "text": "sure. And I look at where this could be"}, {"start": "00:08:27", "end": "00:08:31", "text": "going for the market continues to"}, {"start": "00:08:29", "end": "00:08:34", "text": "pressure. ETH of course showing some"}, {"start": "00:08:31", "end": "00:08:36", "text": "significant move here on Binance. this"}, {"start": "00:08:34", "end": "00:08:38", "text": "kind of revenue or I should say buying"}, {"start": "00:08:36", "end": "00:08:40", "text": "activity on Binance. This shows one"}, {"start": "00:08:38", "end": "00:08:43", "text": "thing, guys. Could this be the actual"}, {"start": "00:08:40", "end": "00:08:46", "text": "time where Ethereum starts to break away"}, {"start": "00:08:43", "end": "00:08:48", "text": "from Bitcoin and gets into a move that"}, {"start": "00:08:46", "end": "00:08:51", "text": "could be aggressive here? Mike Novagrats"}, {"start": "00:08:48", "end": "00:08:52", "text": "was talking about the volume and it's"}, {"start": "00:08:51", "end": "00:08:56", "text": "actually picking up. Are we actually"}, {"start": "00:08:52", "end": "00:08:58", "text": "nearing a a bull market cycle? Are we"}, {"start": "00:08:56", "end": "00:09:00", "text": "getting close? Take a look."}, {"start": "00:08:58", "end": "00:09:02", "text": ">> There's some hope on market structure."}, {"start": "00:09:00", "end": "00:09:04", "text": "Not a ton. And I say it's 50/50 right"}, {"start": "00:09:02", "end": "00:09:07", "text": "now, but I think you're you're seeing"}, {"start": "00:09:04", "end": "00:09:08", "text": "volumes pick up. Volumes are up 20 30%."}, {"start": "00:09:07", "end": "00:09:10", "text": "From a pretty low level, but they're"}, {"start": "00:09:08", "end": "00:09:12", "text": "picking up. You're seeing some activity."}, {"start": "00:09:10", "end": "00:09:15", "text": "I mean, Robin Hood launched a chain"}, {"start": "00:09:12", "end": "00:09:17", "text": "with, you know, to compete compete in"}, {"start": "00:09:15", "end": "00:09:20", "text": "the uh, you know, the DeFi space and"}, {"start": "00:09:17", "end": "00:09:21", "text": "boom, big usage first day. Three times."}, {"start": "00:09:20", "end": "00:09:22", "text": "Now, listen, first day there's a lot of"}, {"start": "00:09:21", "end": "00:09:25", "text": "hype, but it was three times the use of"}, {"start": "00:09:22", "end": "00:09:27", "text": "Hyperlid. And so that's a big deal."}, {"start": "00:09:25", "end": "00:09:29", "text": "Robin Hood is a, you know, 15 million"}, {"start": "00:09:27", "end": "00:09:31", "text": "customers in the US, a monster, uh, here"}, {"start": "00:09:29", "end": "00:09:34", "text": "domestically at least, uh, smaller"}, {"start": "00:09:31", "end": "00:09:36", "text": "overseas. And so, you got a lot of"}, {"start": "00:09:34", "end": "00:09:38", "text": "decent little stories showing up around"}, {"start": "00:09:36", "end": "00:09:40", "text": "the edges. Ethereum is growing against"}, {"start": "00:09:38", "end": "00:09:42", "text": "Bitcoin thanks to Robin Hood chain. And"}, {"start": "00:09:40", "end": "00:09:44", "text": "that's just one Trafi company. So,"}, {"start": "00:09:42", "end": "00:09:46", "text": "imagine if this goes into a lot of"}, {"start": "00:09:44", "end": "00:09:48", "text": "others, you're going to see some others."}, {"start": "00:09:46", "end": "00:09:50", "text": "Look at this right here. This is an"}, {"start": "00:09:48", "end": "00:09:53", "text": "interesting chart. This is ETH Bitcoin"}, {"start": "00:09:50", "end": "00:09:56", "text": "chart before Robin Hood and then post"}, {"start": "00:09:53", "end": "00:09:59", "text": "Robin Hood in terms of just launching a"}, {"start": "00:09:56", "end": "00:10:02", "text": "chain. Imagine the ability for other"}, {"start": "00:09:59", "end": "00:10:04", "text": "enterprise or retail starting to launch"}, {"start": "00:10:02", "end": "00:10:06", "text": "on blockchain and have this kind of"}, {"start": "00:10:04", "end": "00:10:08", "text": "movement. Robin Hood in the finance"}, {"start": "00:10:06", "end": "00:10:11", "text": "sector, I get it probably has the most"}, {"start": "00:10:08", "end": "00:10:13", "text": "impact. Uh but one thing it does do is"}, {"start": "00:10:11", "end": "00:10:16", "text": "it gets into what many people would say"}, {"start": "00:10:13", "end": "00:10:18", "text": "is a memecoin rally. Now, Congress is"}, {"start": "00:10:16", "end": "00:10:19", "text": "always worried about so that so take a"}, {"start": "00:10:18", "end": "00:10:21", "text": "look."}, {"start": "00:10:19", "end": "00:10:23", "text": ">> You decide whether the rates go up or"}, {"start": "00:10:21", "end": "00:10:26", "text": "down. And if you lower them, then people"}, {"start": "00:10:23", "end": "00:10:30", "text": "can engage in these speculative bubbles"}, {"start": "00:10:26", "end": "00:10:33", "text": "such as the Trump memecoin and uh they"}, {"start": "00:10:30", "end": "00:10:35", "text": "can lose a lot of money. At some point,"}, {"start": "00:10:33", "end": "00:10:37", "text": "we all have to take a stand, Mr."}, {"start": "00:10:35", "end": "00:10:39", "text": "Chairman. This is going to be your"}, {"start": "00:10:37", "end": "00:10:41", "text": "opportunity. You're going to have to"}, {"start": "00:10:39", "end": "00:10:42", "text": "take a stand at some point, but you're"}, {"start": "00:10:41", "end": "00:10:44", "text": "going to have to be concerned about a"}, {"start": "00:10:42", "end": "00:10:47", "text": "speculative bubble, especially as it"}, {"start": "00:10:44", "end": "00:10:48", "text": "relates to crypto. This is something"}, {"start": "00:10:47", "end": "00:10:50", "text": "that we'll all have to address. I thank"}, {"start": "00:10:48", "end": "00:10:52", "text": "you very much."}, {"start": "00:10:50", "end": "00:10:54", "text": ">> Yes. And this was a, you know, article"}, {"start": "00:10:52", "end": "00:10:57", "text": "by Zach Pandle kind of showing the"}, {"start": "00:10:54", "end": "00:10:59", "text": "variation between the sectors,"}, {"start": "00:10:57", "end": "00:11:02", "text": "performance sectors between crypto. one"}, {"start": "00:10:59", "end": "00:11:04", "text": "is, you know, the core projects out"}, {"start": "00:11:02", "end": "00:11:06", "text": "there that are more financial oriented,"}, {"start": "00:11:04", "end": "00:11:08", "text": "meaning they're earning income, uh,"}, {"start": "00:11:06", "end": "00:11:10", "text": "making revenue, and then you have the"}, {"start": "00:11:08", "end": "00:11:12", "text": "consumer and the c and the culture,"}, {"start": "00:11:10", "end": "00:11:13", "text": "which is, uh, ecosystem, which is more"}, {"start": "00:11:12", "end": "00:11:15", "text": "on the memecoin side. The only"}, {"start": "00:11:13", "end": "00:11:18", "text": "difference is is that there hasn't been"}, {"start": "00:11:15", "end": "00:11:20", "text": "a genesis to move the market on"}, {"start": "00:11:18", "end": "00:11:23", "text": "memecoins where there has been a"}, {"start": "00:11:20", "end": "00:11:25", "text": "significant genesis of what we've seen"}, {"start": "00:11:23", "end": "00:11:27", "text": "around financial improvement in the"}, {"start": "00:11:25", "end": "00:11:31", "text": "blockchain space primarily because of"}, {"start": "00:11:27", "end": "00:11:33", "text": "what's happening in DC and also in trad."}, {"start": "00:11:31", "end": "00:11:35", "text": "But if we get another major move, you"}, {"start": "00:11:33", "end": "00:11:36", "text": "know, I kind of go against green there"}, {"start": "00:11:35", "end": "00:11:38", "text": "is that there's going to be some"}, {"start": "00:11:36", "end": "00:11:40", "text": "opportunities here for yes, people are"}, {"start": "00:11:38", "end": "00:11:42", "text": "going to go out there and gamble in the"}, {"start": "00:11:40", "end": "00:11:44", "text": "memecoin market just like they did"}, {"start": "00:11:42", "end": "00:11:46", "text": "before. Some will lose, some will win."}, {"start": "00:11:44", "end": "00:11:48", "text": "Everybody, I think, knows that, but"}, {"start": "00:11:46", "end": "00:11:49", "text": "being able to be in a position where you"}, {"start": "00:11:48", "end": "00:11:51", "text": "have the opportunity to do it is the"}, {"start": "00:11:49", "end": "00:11:53", "text": "key. I want to go to a clip here that"}, {"start": "00:11:51", "end": "00:11:55", "text": "breaks a little bit this down. This is"}, {"start": "00:11:53", "end": "00:11:58", "text": "Ryan Rasmus from Bitwise and he talked"}, {"start": "00:11:55", "end": "00:12:00", "text": "about the idea of vaults kind of as the"}, {"start": "00:11:58", "end": "00:12:03", "text": "new ETF. Take a look. which is that"}, {"start": "00:12:00", "end": "00:12:05", "text": "Bitcoin prices might be down, but it"}, {"start": "00:12:03", "end": "00:12:07", "text": "feels like a raging bull market in the"}, {"start": "00:12:05", "end": "00:12:09", "text": "vault space. And I think that captures"}, {"start": "00:12:07", "end": "00:12:10", "text": "where things are headed in in bare"}, {"start": "00:12:09", "end": "00:12:14", "text": "markets. You typically see the"}, {"start": "00:12:10", "end": "00:12:17", "text": "foundation being laid for what will grow"}, {"start": "00:12:14", "end": "00:12:21", "text": "and and uh see the the most kind of"}, {"start": "00:12:17", "end": "00:12:22", "text": "euphoria and where capital flow in the"}, {"start": "00:12:21", "end": "00:12:24", "text": "following bull market. And I think"}, {"start": "00:12:22", "end": "00:12:26", "text": "that's what's happening right now"}, {"start": "00:12:24", "end": "00:12:27", "text": "without any of the Wall Street money"}, {"start": "00:12:26", "end": "00:12:30", "text": "touching it. you really have to be a"}, {"start": "00:12:27", "end": "00:12:33", "text": "crypto native or or a you know pretty"}, {"start": "00:12:30", "end": "00:12:34", "text": "sophisticated investor who's been"}, {"start": "00:12:33", "end": "00:12:37", "text": "investing crypto for a while to get"}, {"start": "00:12:34", "end": "00:12:40", "text": "access to vaults today. And majority of"}, {"start": "00:12:37", "end": "00:12:42", "text": "wealth in America sits on these large"}, {"start": "00:12:40", "end": "00:12:43", "text": "wealth platforms with financial advisors"}, {"start": "00:12:42", "end": "00:12:45", "text": "and wealth managers and they simply"}, {"start": "00:12:43", "end": "00:12:47", "text": "can't access it now. It'll probably be a"}, {"start": "00:12:45", "end": "00:12:48", "text": "couple years before they can access it"}, {"start": "00:12:47", "end": "00:12:49", "text": "because I think the same thing again is"}, {"start": "00:12:48", "end": "00:12:51", "text": "true with Bitcoin ETFs. Like everyone"}, {"start": "00:12:49", "end": "00:12:54", "text": "assumes that when Bitcoin ETFs launched"}, {"start": "00:12:51", "end": "00:12:56", "text": "in January 2024, it was like this light"}, {"start": "00:12:54", "end": "00:12:58", "text": "switch that turned on. It took two years"}, {"start": "00:12:56", "end": "00:13:00", "text": "for the largest wire, you know, the"}, {"start": "00:12:58", "end": "00:13:02", "text": "major wirehouses and largest wealth"}, {"start": "00:13:00", "end": "00:13:04", "text": "management platforms to allow their"}, {"start": "00:13:02", "end": "00:13:06", "text": "advisors to even start talking to"}, {"start": "00:13:04", "end": "00:13:09", "text": "clients about these things and then they"}, {"start": "00:13:06", "end": "00:13:12", "text": "could start allocating. You know, uh,"}, {"start": "00:13:09", "end": "00:13:14", "text": "Vanguard just started allowing their"}, {"start": "00:13:12", "end": "00:13:15", "text": "clients to access Bitcoin ETFs despite"}, {"start": "00:13:14", "end": "00:13:17", "text": "things being around for two years. I"}, {"start": "00:13:15", "end": "00:13:20", "text": "think that's the kind of lag you see"}, {"start": "00:13:17", "end": "00:13:22", "text": "with Wall Street adoption to crypto"}, {"start": "00:13:20", "end": "00:13:25", "text": "innovation."}, {"start": "00:13:22", "end": "00:13:27", "text": "Yeah, it is in that position. And I"}, {"start": "00:13:25", "end": "00:13:28", "text": "think the one difference there that Ryan"}, {"start": "00:13:27", "end": "00:13:30", "text": "was talking about is it takes a little"}, {"start": "00:13:28", "end": "00:13:33", "text": "bit of time because usually there's some"}, {"start": "00:13:30", "end": "00:13:35", "text": "indicators there. But then you have kind"}, {"start": "00:13:33", "end": "00:13:37", "text": "of an all at once moment. And you know"}, {"start": "00:13:35", "end": "00:13:39", "text": "markets can move, especially in the"}, {"start": "00:13:37", "end": "00:13:42", "text": "crypto market can become very violent"}, {"start": "00:13:39", "end": "00:13:45", "text": "and volatile upside where we see some of"}, {"start": "00:13:42", "end": "00:13:47", "text": "these breakouts. And I think that's the"}, {"start": "00:13:45", "end": "00:13:50", "text": "real question because we have a lot of"}, {"start": "00:13:47", "end": "00:13:53", "text": "things that are starting to come into"}, {"start": "00:13:50", "end": "00:13:54", "text": "alignment right now around genius, which"}, {"start": "00:13:53", "end": "00:13:57", "text": "also could have a little bit of a factor"}, {"start": "00:13:54", "end": "00:13:59", "text": "here in how the markets respond. This is"}, {"start": "00:13:57", "end": "00:14:01", "text": "a clip on that in terms of the Genius"}, {"start": "00:13:59", "end": "00:14:01", "text": "deadline because it's coming up. Take a"}, {"start": "00:14:01", "end": "00:14:04", "text": "look."}, {"start": "00:14:01", "end": "00:14:06", "text": ">> The Genius Act, uh the deadline for the"}, {"start": "00:14:04", "end": "00:14:09", "text": "Fed to promugate rules is this Saturday."}, {"start": "00:14:06", "end": "00:14:11", "text": "Uh will the Fed meet that deadline?"}, {"start": "00:14:09", "end": "00:14:15", "text": ">> Well, that's a it's a fair and open"}, {"start": "00:14:11", "end": "00:14:17", "text": "question. um we're racing to to to put"}, {"start": "00:14:15", "end": "00:14:20", "text": "that out by this deadline."}, {"start": "00:14:17", "end": "00:14:22", "text": ">> So, as you can see, that's a major deal"}, {"start": "00:14:20", "end": "00:14:25", "text": "because we are talking about the final"}, {"start": "00:14:22", "end": "00:14:28", "text": "door closing on the banks. This would"}, {"start": "00:14:25", "end": "00:14:30", "text": "give them, I think, a very limited"}, {"start": "00:14:28", "end": "00:14:32", "text": "amount of ammo. It is an opportunity"}, {"start": "00:14:30", "end": "00:14:34", "text": "right now that pretty much gets us in a"}, {"start": "00:14:32", "end": "00:14:36", "text": "position where we can move forward on"}, {"start": "00:14:34", "end": "00:14:38", "text": "clarity, but there are going to be some"}, {"start": "00:14:36", "end": "00:14:41", "text": "headwinds. One of the biggest headwinds"}, {"start": "00:14:38", "end": "00:14:43", "text": "in Congress is going to be Maxine. And"}, {"start": "00:14:41", "end": "00:14:46", "text": "uh let's just play the clip."}, {"start": "00:14:43", "end": "00:14:49", "text": ">> I have here President Trump's most"}, {"start": "00:14:46", "end": "00:14:51", "text": "recent financial disclosure. The bulk of"}, {"start": "00:14:49", "end": "00:14:54", "text": "which came from his family's crypto"}, {"start": "00:14:51", "end": "00:14:57", "text": "businesses. This is how many pages?"}, {"start": "00:14:54", "end": "00:15:00", "text": ">> This is 900"}, {"start": "00:14:57", "end": "00:15:03", "text": "pages of financial interest. Let me ask"}, {"start": "00:15:00", "end": "00:15:04", "text": "you, do you believe we must put an end"}, {"start": "00:15:03", "end": "00:15:07", "text": "to it?"}, {"start": "00:15:04", "end": "00:15:10", "text": "uh uh ranking member, you've given us a"}, {"start": "00:15:07", "end": "00:15:13", "text": "big job and I'm focused on that."}, {"start": "00:15:10", "end": "00:15:14", "text": ">> Well, let me just go further with the"}, {"start": "00:15:13", "end": "00:15:16", "text": "prediction Marcus."}, {"start": "00:15:14", "end": "00:15:19", "text": ">> So, what you saw there of course was uh"}, {"start": "00:15:16", "end": "00:15:20", "text": "Maxine Waters and she is going right at"}, {"start": "00:15:19", "end": "00:15:22", "text": "the heart of the matter and that is"}, {"start": "00:15:20", "end": "00:15:25", "text": "ethics. If there is going to be a"}, {"start": "00:15:22", "end": "00:15:27", "text": "problem, it will be in that area. And I"}, {"start": "00:15:25", "end": "00:15:30", "text": "think this is already showcasing right"}, {"start": "00:15:27", "end": "00:15:34", "text": "now as we are seeing Clarity Act signed"}, {"start": "00:15:30", "end": "00:15:36", "text": "into law plummeting down to 37% chance."}, {"start": "00:15:34", "end": "00:15:39", "text": "This is the low it's been in a very very"}, {"start": "00:15:36", "end": "00:15:41", "text": "long time and continued with pressure on"}, {"start": "00:15:39", "end": "00:15:43", "text": "Trump and his financial disclosure and"}, {"start": "00:15:41", "end": "00:15:45", "text": "whether or not ethics starts to make its"}, {"start": "00:15:43", "end": "00:15:47", "text": "way in. Remember that we're going to get"}, {"start": "00:15:45", "end": "00:15:49", "text": "new verbiage coming out of the Senate"}, {"start": "00:15:47", "end": "00:15:52", "text": "that is going to combine those two"}, {"start": "00:15:49", "end": "00:15:53", "text": "bills. And the likelihood, I think, is"}, {"start": "00:15:52", "end": "00:15:56", "text": "we're going to get some verbiage in"}, {"start": "00:15:53", "end": "00:15:59", "text": "there that will have issues around the"}, {"start": "00:15:56", "end": "00:16:00", "text": "idea of where ethics plays into this."}, {"start": "00:15:59", "end": "00:16:02", "text": "Now, that may have to go back to the"}, {"start": "00:16:00", "end": "00:16:04", "text": "House, which is slowing it down, and I"}, {"start": "00:16:02", "end": "00:16:06", "text": "get that. Some people are now saying we"}, {"start": "00:16:04", "end": "00:16:08", "text": "could even go past the the date of"}, {"start": "00:16:06", "end": "00:16:10", "text": "August. I hear that, but I just don't"}, {"start": "00:16:08", "end": "00:16:13", "text": "know how this gets through with this"}, {"start": "00:16:10", "end": "00:16:14", "text": "kind of headwind right now. So, when you"}, {"start": "00:16:13", "end": "00:16:16", "text": "look at what's going to happen this"}, {"start": "00:16:14", "end": "00:16:18", "text": "week, you've got Senator Cynthia Lumis"}, {"start": "00:16:16", "end": "00:16:20", "text": "hitting on it right here. We'll"}, {"start": "00:16:18", "end": "00:16:22", "text": "introduce the bill text in just the next"}, {"start": "00:16:20", "end": "00:16:22", "text": "few days. And this is going to be"}, {"start": "00:16:22", "end": "00:16:24", "text": "interesting because she's been on"}, {"start": "00:16:22", "end": "00:16:26", "text": "camera. We've had Patrick Mckenry on"}, {"start": "00:16:24", "end": "00:16:28", "text": "camera talking about that they're going"}, {"start": "00:16:26", "end": "00:16:32", "text": "to get this done. My concern is that"}, {"start": "00:16:28", "end": "00:16:34", "text": "they may be putting this up just so they"}, {"start": "00:16:32", "end": "00:16:36", "text": "can tell the industry, look, we tried to"}, {"start": "00:16:34", "end": "00:16:38", "text": "get it up. Does that mean that we"}, {"start": "00:16:36", "end": "00:16:40", "text": "actually get this vetoed or voted down"}, {"start": "00:16:38", "end": "00:16:42", "text": "on in the Senate? Man, we're going to"}, {"start": "00:16:40", "end": "00:16:44", "text": "have a lot to talk about for sure"}, {"start": "00:16:42", "end": "00:16:45", "text": "because this is getting very, very close"}, {"start": "00:16:44", "end": "00:16:49", "text": "to the end of line, guys. So, stay tuned"}, {"start": "00:16:45", "end": "00:16:49", "text": "right here."}, {"start": "00:16:53", "end": "00:16:56", "text": "If you like this video, hit like and"}, {"start": "00:16:54", "end": "00:16:58", "text": "subscribe, drop a comment down below,"}, {"start": "00:16:56", "end": "00:17:03", "text": "and also join our free private member"}, {"start": "00:16:58", "end": "00:17:03", "text": "group. The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "ETH is rage pumping and today of course"}, {"start": "00:00:02", "end": "00:00:05", "text": "we're going to be breaking that down. Is"}, {"start": "00:00:03", "end": "00:00:08", "text": "this the moment we've been waiting on"}, {"start": "00:00:05", "end": "00:00:10", "text": "around Bitcoin and Ethereum finally"}, {"start": "00:00:08", "end": "00:00:11", "text": "disconnecting? You guys want to stick"}, {"start": "00:00:10", "end": "00:00:12", "text": "around for it. Before we get started, I"}, {"start": "00:00:11", "end": "00:00:14", "text": "do want to thank our sponsor and that is"}, {"start": "00:00:12", "end": "00:00:17", "text": "Tandem where you guys can get into self-"}, {"start": "00:00:14", "end": "00:00:19", "text": "custody and it is one of the best ways"}, {"start": "00:00:17", "end": "00:00:22", "text": "to get into a secure hardware wallet. If"}, {"start": "00:00:19", "end": "00:00:24", "text": "you guys have not visited the Tangum"}, {"start": "00:00:22", "end": "00:00:26", "text": "website, jump over there right now. It"}, {"start": "00:00:24", "end": "00:00:28", "text": "does give you a full guide book on how"}, {"start": "00:00:26", "end": "00:00:30", "text": "to get started in self- custody. It is"}, {"start": "00:00:28", "end": "00:00:33", "text": "seedless by design and of course one of"}, {"start": "00:00:30", "end": "00:00:34", "text": "the easiest wallets to use out there. So"}, {"start": "00:00:33", "end": "00:00:37", "text": "use our link. It's going to give you a"}, {"start": "00:00:34", "end": "00:00:39", "text": "little bit of an extra discount on top"}, {"start": "00:00:37", "end": "00:00:41", "text": "of what they're already providing to"}, {"start": "00:00:39", "end": "00:00:44", "text": "you. So check it out right now. You get"}, {"start": "00:00:41", "end": "00:00:46", "text": "it 40 bucks and an extra 10% off. So"}, {"start": "00:00:44", "end": "00:00:48", "text": "that's the perfect time to get into of"}, {"start": "00:00:46", "end": "00:00:51", "text": "course self custody. One thing I want to"}, {"start": "00:00:48", "end": "00:00:53", "text": "focus in on right now, ETH, of course,"}, {"start": "00:00:51", "end": "00:00:54", "text": "is it rage pumping? Because right now"}, {"start": "00:00:53", "end": "00:00:56", "text": "people are looking at this even though"}, {"start": "00:00:54", "end": "00:00:59", "text": "the straight is closed. Totally agree"}, {"start": "00:00:56", "end": "00:01:01", "text": "with that. war is kind of back on. CPI"}, {"start": "00:00:59", "end": "00:01:03", "text": "looks good. Okay, I would have say agree"}, {"start": "00:01:01", "end": "00:01:05", "text": "to all of those things. And when you"}, {"start": "00:01:03", "end": "00:01:08", "text": "compare that to the chart, well, there's"}, {"start": "00:01:05", "end": "00:01:10", "text": "ETH versus Bitcoin and it has been up"}, {"start": "00:01:08", "end": "00:01:13", "text": "and to the right and it's actually in an"}, {"start": "00:01:10", "end": "00:01:15", "text": "area right now that may be in a green"}, {"start": "00:01:13", "end": "00:01:18", "text": "zone that could go into a breakout. So,"}, {"start": "00:01:15", "end": "00:01:20", "text": "we're watching this one very closely and"}, {"start": "00:01:18", "end": "00:01:22", "text": "we wanted to bring on a guest today to"}, {"start": "00:01:20", "end": "00:01:23", "text": "kind of break down some of the the"}, {"start": "00:01:22", "end": "00:01:25", "text": "narratives behind what's happening with"}, {"start": "00:01:23", "end": "00:01:27", "text": "Ethereum. And of course, I want to bring"}, {"start": "00:01:25", "end": "00:01:29", "text": "on our guest and that is Joseph Shalom"}, {"start": "00:01:27", "end": "00:01:30", "text": "who's been with us before, the CEO of"}, {"start": "00:01:29", "end": "00:01:32", "text": "Sharp Link. How are you"}, {"start": "00:01:30", "end": "00:01:34", "text": ">> doing? Great, Paul. Happy to be back."}, {"start": "00:01:32", "end": "00:01:36", "text": ">> Yeah. So, a lot happening here. First of"}, {"start": "00:01:34", "end": "00:01:38", "text": "all, when you look at the charts and"}, {"start": "00:01:36", "end": "00:01:40", "text": "what's happening with ETH and Bitcoin"}, {"start": "00:01:38", "end": "00:01:43", "text": "today, you kind of consider the macro"}, {"start": "00:01:40", "end": "00:01:46", "text": "headwinds, even some of the news on CPI"}, {"start": "00:01:43", "end": "00:01:48", "text": "coming in much lighter. Do you think ETH"}, {"start": "00:01:46", "end": "00:01:52", "text": "is actually breaking away from Bitcoin"}, {"start": "00:01:48", "end": "00:01:55", "text": "right now? I think the last month or so"}, {"start": "00:01:52", "end": "00:01:57", "text": "you've seen a rapid growth in the price"}, {"start": "00:01:55", "end": "00:02:00", "text": "of ETH from what was a multi-year low of"}, {"start": "00:01:57", "end": "00:02:02", "text": "about 1,500. Today it's trading in the"}, {"start": "00:02:00", "end": "00:02:04", "text": "high 1800s."}, {"start": "00:02:02", "end": "00:02:07", "text": ">> Shockingly, I don't think it's uh"}, {"start": "00:02:04", "end": "00:02:08", "text": "actually macro. I think there's been a"}, {"start": "00:02:07", "end": "00:02:11", "text": "number of significant ecosystem"}, {"start": "00:02:08", "end": "00:02:14", "text": "announcements that over the last several"}, {"start": "00:02:11", "end": "00:02:16", "text": "weeks, the largest stewards of Ethereum"}, {"start": "00:02:14", "end": "00:02:19", "text": "have injected a bunch of confidence and"}, {"start": "00:02:16", "end": "00:02:22", "text": "stewardship and new organizations that"}, {"start": "00:02:19", "end": "00:02:24", "text": "are uh essentially reshaping the"}, {"start": "00:02:22", "end": "00:02:27", "text": "narrative and I think it's as much a"}, {"start": "00:02:24", "end": "00:02:28", "text": "narrative than a macro. Um the other"}, {"start": "00:02:27", "end": "00:02:31", "text": "announcement that was really really"}, {"start": "00:02:28", "end": "00:02:34", "text": "positive was Robin Hood choosing the"}, {"start": "00:02:31", "end": "00:02:36", "text": "Ethereum ecosystem right through arbitum"}, {"start": "00:02:34", "end": "00:02:39", "text": "and this combination of ecosystem"}, {"start": "00:02:36", "end": "00:02:42", "text": "support the new narrative and another"}, {"start": "00:02:39", "end": "00:02:44", "text": "use case has been very very bullish for"}, {"start": "00:02:42", "end": "00:02:46", "text": "the Ethereum ecosystem and also for the"}, {"start": "00:02:44", "end": "00:02:47", "text": "price of ETH. All right. So, a lot of"}, {"start": "00:02:46", "end": "00:02:49", "text": "things happening because you know many"}, {"start": "00:02:47", "end": "00:02:51", "text": "people we did a video last week actually"}, {"start": "00:02:49", "end": "00:02:52", "text": "to that point is Robin Hood causing a"}, {"start": "00:02:51", "end": "00:02:55", "text": "little bit of this pump because it's"}, {"start": "00:02:52", "end": "00:02:57", "text": "opening up some new narratives here and"}, {"start": "00:02:55", "end": "00:02:59", "text": "we'll get into some of those some of"}, {"start": "00:02:57", "end": "00:03:01", "text": "what's been happening on on Robin Hood"}, {"start": "00:02:59", "end": "00:03:04", "text": "chain as we've seen a a whole meme"}, {"start": "00:03:01", "end": "00:03:06", "text": "culture start to rise. But I think"}, {"start": "00:03:04", "end": "00:03:08", "text": "there's going to be some narratives that"}, {"start": "00:03:06", "end": "00:03:10", "text": "maybe have not played out just yet. I"}, {"start": "00:03:08", "end": "00:03:12", "text": "was looking at a tweet you guys put out"}, {"start": "00:03:10", "end": "00:03:15", "text": "and it's in reference to your launch of"}, {"start": "00:03:12", "end": "00:03:17", "text": "ETH systems. This of course gets into a"}, {"start": "00:03:15", "end": "00:03:20", "text": "whole layer of partnerships. You've got"}, {"start": "00:03:17", "end": "00:03:22", "text": "of course Joe Luben the found co-founder"}, {"start": "00:03:20", "end": "00:03:24", "text": "over there and of course you guys Sharp"}, {"start": "00:03:22", "end": "00:03:28", "text": "Link and Bitmine as well. First of all,"}, {"start": "00:03:24", "end": "00:03:30", "text": "what is this and explain to me why this"}, {"start": "00:03:28", "end": "00:03:32", "text": "particular partnership? Sure. This is"}, {"start": "00:03:30", "end": "00:03:34", "text": "the third of a number of recent"}, {"start": "00:03:32", "end": "00:03:36", "text": "announcements in the Ethereum ecosystem"}, {"start": "00:03:34", "end": "00:03:39", "text": "and I want to be very direct. The"}, {"start": "00:03:36", "end": "00:03:41", "text": "Ethereum ecosystem lost lost its"}, {"start": "00:03:39", "end": "00:03:43", "text": "narrative and a bit of confidence as the"}, {"start": "00:03:41", "end": "00:03:46", "text": "Ethereum Foundation"}, {"start": "00:03:43", "end": "00:03:48", "text": "narrowed its scope and reduced the size"}, {"start": "00:03:46", "end": "00:03:50", "text": "of its group. Over the last month, there"}, {"start": "00:03:48", "end": "00:03:53", "text": "have been three spinouts from the"}, {"start": "00:03:50", "end": "00:03:55", "text": "Ethereum Foundation. ETH Labs as as an"}, {"start": "00:03:53", "end": "00:03:57", "text": "infrastructure builder, Ethereum"}, {"start": "00:03:55", "end": "00:03:59", "text": "Institutional, the go to market for"}, {"start": "00:03:57", "end": "00:04:02", "text": "Ethereum, and today a for-profit"}, {"start": "00:03:59", "end": "00:04:05", "text": "organization called uh ETH systems that"}, {"start": "00:04:02", "end": "00:04:07", "text": "is focusing on institutional privacy and"}, {"start": "00:04:05", "end": "00:04:10", "text": "compliance. These are some of the"}, {"start": "00:04:07", "end": "00:04:13", "text": "densest talent organizations that are"}, {"start": "00:04:10", "end": "00:04:16", "text": "going on offense now um along with the"}, {"start": "00:04:13", "end": "00:04:17", "text": "private sector. And it's not a surprise"}, {"start": "00:04:16", "end": "00:04:20", "text": "that the backers of these three"}, {"start": "00:04:17", "end": "00:04:22", "text": "organizations are Tom Lee from Bitmine,"}, {"start": "00:04:20", "end": "00:04:26", "text": "Sharplink, and Joe Luben because the"}, {"start": "00:04:22", "end": "00:04:28", "text": "private owners in the DATs realize they"}, {"start": "00:04:26", "end": "00:04:30", "text": "have an aligned interest to support the"}, {"start": "00:04:28", "end": "00:04:33", "text": "ecosystem. And I think we see a"}, {"start": "00:04:30", "end": "00:04:36", "text": "rejuvenation of confidence and a turning"}, {"start": "00:04:33", "end": "00:04:38", "text": "around in the sentiment around ETH. The"}, {"start": "00:04:36", "end": "00:04:41", "text": "actual scoreboard has been great for"}, {"start": "00:04:38", "end": "00:04:43", "text": "Ethereum, leading in tokenization,"}, {"start": "00:04:41", "end": "00:04:48", "text": "leading in stable coins, leading in DeFi"}, {"start": "00:04:43", "end": "00:04:50", "text": "by over uh by large margins. This is the"}, {"start": "00:04:48", "end": "00:04:53", "text": "sentiment and the confidence catching up"}, {"start": "00:04:50", "end": "00:04:55", "text": "to reality. And facts don't lie even"}, {"start": "00:04:53", "end": "00:04:57", "text": "though the price has lagged. So you're"}, {"start": "00:04:55", "end": "00:04:59", "text": "seeing a concertive effort by the"}, {"start": "00:04:57", "end": "00:05:01", "text": "largest stewards and owners of ETH in"}, {"start": "00:04:59", "end": "00:05:03", "text": "the world to bring some clarity to"}, {"start": "00:05:01", "end": "00:05:06", "text": "what's coming in the future which is"}, {"start": "00:05:03", "end": "00:05:08", "text": "this massive institutional adoption"}, {"start": "00:05:06", "end": "00:05:09", "text": "super cycle and we're telling the story"}, {"start": "00:05:08", "end": "00:05:11", "text": "better than we have."}, {"start": "00:05:09", "end": "00:05:13", "text": ">> Well I you know I look at this and I"}, {"start": "00:05:11", "end": "00:05:16", "text": "kind of compare it to what's happened in"}, {"start": "00:05:13", "end": "00:05:18", "text": "the tech industry. Most of the time in"}, {"start": "00:05:16", "end": "00:05:21", "text": "the tech industry you've got the titans"}, {"start": "00:05:18", "end": "00:05:24", "text": "of industry not working together. They"}, {"start": "00:05:21", "end": "00:05:26", "text": "are in factual working against each"}, {"start": "00:05:24", "end": "00:05:28", "text": "other in many cases trying to steal"}, {"start": "00:05:26", "end": "00:05:32", "text": "talent all that kind of scene. So why"}, {"start": "00:05:28", "end": "00:05:34", "text": "wouldn't these three entities just merge"}, {"start": "00:05:32", "end": "00:05:37", "text": "and just create one giant Ethereum"}, {"start": "00:05:34", "end": "00:05:38", "text": "machine and uh and take it from there?"}, {"start": "00:05:37", "end": "00:05:41", "text": "Why not go that route? Because it seems"}, {"start": "00:05:38", "end": "00:05:42", "text": "like you're cooperating."}, {"start": "00:05:41", "end": "00:05:45", "text": ">> I don't think we need to merge to have"}, {"start": "00:05:42", "end": "00:05:47", "text": "aligned interest. You know, Joe Luben is"}, {"start": "00:05:45", "end": "00:05:50", "text": "a co-founder of Ethereum, a large holder"}, {"start": "00:05:47", "end": "00:05:53", "text": "of ETH, runs one of the largest Ethereum"}, {"start": "00:05:50", "end": "00:05:55", "text": "companies called Consensus. Tom Lee runs"}, {"start": "00:05:53", "end": "00:05:57", "text": "Bitmine with a very retail oriented"}, {"start": "00:05:55", "end": "00:05:59", "text": "voice. I have a lot of respect for him."}, {"start": "00:05:57", "end": "00:06:01", "text": "We have a more institutional approach,"}, {"start": "00:05:59", "end": "00:06:04", "text": "but I think there's nothing wrong with"}, {"start": "00:06:01", "end": "00:06:05", "text": "having coopetition in an industry, but"}, {"start": "00:06:04", "end": "00:06:08", "text": "we're at a moment where we have more"}, {"start": "00:06:05", "end": "00:06:12", "text": "aligned interest than competition. And"}, {"start": "00:06:08", "end": "00:06:14", "text": "we're putting our dollars in ETH uh to"}, {"start": "00:06:12", "end": "00:06:15", "text": "that interest to support the ecosystem."}, {"start": "00:06:14", "end": "00:06:18", "text": "And you're seeing, I don't know if it's"}, {"start": "00:06:15", "end": "00:06:20", "text": "a correlation or a conversation, but"}, {"start": "00:06:18", "end": "00:06:23", "text": "since this concerted effort, you've seen"}, {"start": "00:06:20", "end": "00:06:26", "text": "the price of ETH rise from a low of 1500"}, {"start": "00:06:23", "end": "00:06:29", "text": "rally over 20%. Not because it lacked"}, {"start": "00:06:26", "end": "00:06:31", "text": "the capabilities, it lacked the"}, {"start": "00:06:29", "end": "00:06:33", "text": "sentiment and the sentiment has turned"}, {"start": "00:06:31", "end": "00:06:35", "text": "to be very very bullish."}, {"start": "00:06:33", "end": "00:06:37", "text": ">> Yeah, it has turned very bullish and I"}, {"start": "00:06:35", "end": "00:06:39", "text": "think one of the factors that might be"}, {"start": "00:06:37", "end": "00:06:42", "text": "leading that in is what's been happening"}, {"start": "00:06:39", "end": "00:06:44", "text": "on the Robin Hood chain. This was an"}, {"start": "00:06:42", "end": "00:06:47", "text": "interesting analysis right here in terms"}, {"start": "00:06:44", "end": "00:06:49", "text": "of Robin Hood's rent paid to Ethereum by"}, {"start": "00:06:47", "end": "00:06:51", "text": "this is where they are right now in"}, {"start": "00:06:49", "end": "00:06:54", "text": "terms of factor of four. if you look at"}, {"start": "00:06:51", "end": "00:06:57", "text": "the arbitrums uh rent paid. So the point"}, {"start": "00:06:54", "end": "00:07:01", "text": "is is that there's a lot of movement"}, {"start": "00:06:57", "end": "00:07:03", "text": "here on this chain very early on is"}, {"start": "00:07:01", "end": "00:07:05", "text": "going to cause maybe the core"}, {"start": "00:07:03", "end": "00:07:06", "text": "architecture of Ethereum just to"}, {"start": "00:07:05", "end": "00:07:08", "text": "continue to grow and the price to go up."}, {"start": "00:07:06", "end": "00:07:10", "text": "Is there anything that can slow this"}, {"start": "00:07:08", "end": "00:07:12", "text": "down? Well, I think we're at a moment"}, {"start": "00:07:10", "end": "00:07:15", "text": "where the world's largest financial"}, {"start": "00:07:12", "end": "00:07:19", "text": "institutions, government, central banks,"}, {"start": "00:07:15", "end": "00:07:20", "text": "top tier gibs, and fintech companies are"}, {"start": "00:07:19", "end": "00:07:22", "text": "making a choice about their financial"}, {"start": "00:07:20", "end": "00:07:25", "text": "rails of the future. Arbitum had a lot"}, {"start": "00:07:22", "end": "00:07:27", "text": "of choices across other layer 1 and"}, {"start": "00:07:25", "end": "00:07:29", "text": "layer twos. They chose arbitum and they"}, {"start": "00:07:27", "end": "00:07:31", "text": "had chose the Ethereum ecosystem because"}, {"start": "00:07:29", "end": "00:07:32", "text": "of its security and modularity. And I"}, {"start": "00:07:31", "end": "00:07:35", "text": "think what you're going to end up seeing"}, {"start": "00:07:32", "end": "00:07:37", "text": "is a number of these case studies by the"}, {"start": "00:07:35", "end": "00:07:38", "text": "largest financial institutions in the"}, {"start": "00:07:37", "end": "00:07:41", "text": "world. And I think we're at the bottom"}, {"start": "00:07:38", "end": "00:07:44", "text": "of the first inning of tokenization,"}, {"start": "00:07:41", "end": "00:07:46", "text": "stable coins, and onchain activity"}, {"start": "00:07:44", "end": "00:07:48", "text": "before you even get to an agentic"}, {"start": "00:07:46", "end": "00:07:50", "text": "revolution. So I think it's a proof"}, {"start": "00:07:48", "end": "00:07:52", "text": "point and it's a case study. And in a"}, {"start": "00:07:50", "end": "00:07:55", "text": "matter of a week, the volume you're"}, {"start": "00:07:52", "end": "00:07:58", "text": "seeing from Robin Hood on the arbitrum"}, {"start": "00:07:55", "end": "00:08:00", "text": "layer 2 Ethereum chain is massive and"}, {"start": "00:07:58", "end": "00:08:02", "text": "we're just getting started. So I think"}, {"start": "00:08:00", "end": "00:08:05", "text": "it's a direction of travel. It's not the"}, {"start": "00:08:02", "end": "00:08:06", "text": "endgame. It's the beginning of uh of an"}, {"start": "00:08:05", "end": "00:08:07", "text": "adoption super cycle. So, we're very"}, {"start": "00:08:06", "end": "00:08:09", "text": "bullish."}, {"start": "00:08:07", "end": "00:08:11", "text": ">> That's the application revenue I'm"}, {"start": "00:08:09", "end": "00:08:13", "text": "showing on screen right there. Uh, in a"}, {"start": "00:08:11", "end": "00:08:15", "text": "very short period of time, Robin Hood"}, {"start": "00:08:13", "end": "00:08:17", "text": "flying up the charts here. Do you think"}, {"start": "00:08:15", "end": "00:08:18", "text": "that Robin Hood will hit the same wall"}, {"start": "00:08:17", "end": "00:08:19", "text": "that Bass did?"}, {"start": "00:08:18", "end": "00:08:22", "text": ">> I think what we're going to end up"}, {"start": "00:08:19", "end": "00:08:23", "text": "seeing is that's a drop in the bucket."}, {"start": "00:08:22", "end": "00:08:26", "text": "You're going to see arbit you're going"}, {"start": "00:08:23", "end": "00:08:29", "text": "to see arbitrum support Robin Hood on"}, {"start": "00:08:26", "end": "00:08:31", "text": "massive amounts of tokenized equities."}, {"start": "00:08:29", "end": "00:08:32", "text": "You're going to see SpaceX trading."}, {"start": "00:08:31", "end": "00:08:35", "text": "You're going to see Nvidia in tokenized"}, {"start": "00:08:32", "end": "00:08:37", "text": "format. So I think as much as this is"}, {"start": "00:08:35", "end": "00:08:39", "text": "starting as a crypto platform and a"}, {"start": "00:08:37", "end": "00:08:42", "text": "crypto story, I think this is the"}, {"start": "00:08:39", "end": "00:08:44", "text": "beginning, not the end of the cycle. So"}, {"start": "00:08:42", "end": "00:08:47", "text": "I anticipate this growing very rapidly."}, {"start": "00:08:44", "end": "00:08:49", "text": "And rather than hitting a wall, the"}, {"start": "00:08:47", "end": "00:08:52", "text": "target audience and the target market is"}, {"start": "00:08:49", "end": "00:08:53", "text": "any participant on Robin Hood, not just"}, {"start": "00:08:52", "end": "00:08:55", "text": "those who are buying and selling"}, {"start": "00:08:53", "end": "00:08:58", "text": "Bitcoin. It's going to be tokenized"}, {"start": "00:08:55", "end": "00:09:00", "text": "assets and funds and commodities. So I"}, {"start": "00:08:58", "end": "00:09:02", "text": "think Robin Hood is making a bet that"}, {"start": "00:09:00", "end": "00:09:05", "text": "these ecosystems are converging and the"}, {"start": "00:09:02", "end": "00:09:07", "text": "target market is not trillions, it's"}, {"start": "00:09:05", "end": "00:09:10", "text": "tens if not hundreds of trillions."}, {"start": "00:09:07", "end": "00:09:12", "text": ">> Interesting. Tens if not hundreds of"}, {"start": "00:09:10", "end": "00:09:15", "text": "trillions. So all right. Well, with that"}, {"start": "00:09:12", "end": "00:09:18", "text": "being the case, what would you say is"}, {"start": "00:09:15", "end": "00:09:20", "text": "maybe the next big retail chain that"}, {"start": "00:09:18", "end": "00:09:22", "text": "would jump into what is happening right"}, {"start": "00:09:20", "end": "00:09:24", "text": "now with Ethereum? because this has been"}, {"start": "00:09:22", "end": "00:09:26", "text": "a big move with I guess you could call"}, {"start": "00:09:24", "end": "00:09:28", "text": "Robin Hood in essence a retail chain but"}, {"start": "00:09:26", "end": "00:09:30", "text": "in in reality it is moving a little"}, {"start": "00:09:28", "end": "00:09:32", "text": "differently because of its tie to the"}, {"start": "00:09:30", "end": "00:09:36", "text": "financial industry. What about another"}, {"start": "00:09:32", "end": "00:09:38", "text": "maybe major corporation retail"}, {"start": "00:09:36", "end": "00:09:40", "text": "hospitality you know where do you see"}, {"start": "00:09:38", "end": "00:09:41", "text": "that? I think you're I think the next"}, {"start": "00:09:40", "end": "00:09:44", "text": "thing you're going to see is most of the"}, {"start": "00:09:41", "end": "00:09:47", "text": "online brokerages who are competing with"}, {"start": "00:09:44", "end": "00:09:50", "text": "Robin Hood but may not be as tech"}, {"start": "00:09:47", "end": "00:09:52", "text": "aligned or crypto aligned start building"}, {"start": "00:09:50", "end": "00:09:55", "text": "wallet infrastructure. of crypto onchain"}, {"start": "00:09:52", "end": "00:09:58", "text": "wallet infrastructure side by side with"}, {"start": "00:09:55", "end": "00:10:00", "text": "their analog accounts so that investors"}, {"start": "00:09:58", "end": "00:10:04", "text": "who are coming to them to say I want to"}, {"start": "00:10:00", "end": "00:10:07", "text": "own Bitcoin or ETH or tokenized SpaceX"}, {"start": "00:10:04", "end": "00:10:09", "text": "or a tokenized Black Rockck fund can"}, {"start": "00:10:07", "end": "00:10:11", "text": "continue to own that asset within a"}, {"start": "00:10:09", "end": "00:10:13", "text": "traditional brokerage firm. So, I think"}, {"start": "00:10:11", "end": "00:10:15", "text": "Robin Hood is starting the battle and I"}, {"start": "00:10:13", "end": "00:10:16", "text": "think you're going to see people rinse"}, {"start": "00:10:15", "end": "00:10:18", "text": "and repeat because you have a younger"}, {"start": "00:10:16", "end": "00:10:21", "text": "generation who may not want to own"}, {"start": "00:10:18", "end": "00:10:23", "text": "mutual funds, who may not want to own uh"}, {"start": "00:10:21", "end": "00:10:26", "text": "private funds. They want to own things"}, {"start": "00:10:23", "end": "00:10:29", "text": "in tokenized format so they can trade it"}, {"start": "00:10:26", "end": "00:10:31", "text": "247 so they can lend against it, borrow"}, {"start": "00:10:29", "end": "00:10:33", "text": "against it. So, I think you're going to"}, {"start": "00:10:31", "end": "00:10:35", "text": "see people copying Robin Hood because"}, {"start": "00:10:33", "end": "00:10:37", "text": "otherwise Robin Hood is going to take"}, {"start": "00:10:35", "end": "00:10:39", "text": "not just the 20-year-old demographic,"}, {"start": "00:10:37", "end": "00:10:41", "text": "but the 30 and 40 year olds around the"}, {"start": "00:10:39", "end": "00:10:44", "text": "globe. And I think this is going to be a"}, {"start": "00:10:41", "end": "00:10:46", "text": "global phenomenon, traditional brokerage"}, {"start": "00:10:44", "end": "00:10:48", "text": "firms and banks building wallet"}, {"start": "00:10:46", "end": "00:10:50", "text": "infrastructure to appeal to a new"}, {"start": "00:10:48", "end": "00:10:53", "text": "generation of investors."}, {"start": "00:10:50", "end": "00:10:54", "text": ">> Do you think that Tradfi was caught off"}, {"start": "00:10:53", "end": "00:10:56", "text": "guards by the success of where Robin"}, {"start": "00:10:54", "end": "00:10:58", "text": "Hood was going? Because I think even"}, {"start": "00:10:56", "end": "00:11:00", "text": "Robin Hood was maybe a little caught off"}, {"start": "00:10:58", "end": "00:11:03", "text": "guard here. The traditional broker"}, {"start": "00:11:00", "end": "00:11:06", "text": "dealers and financial advisors have two"}, {"start": "00:11:03", "end": "00:11:08", "text": "challenges ahead of them. One is the neo"}, {"start": "00:11:06", "end": "00:11:12", "text": "banks and the fintech platforms that you"}, {"start": "00:11:08", "end": "00:11:15", "text": "see like a Robin Hood in Hong Kong Futu"}, {"start": "00:11:12", "end": "00:11:17", "text": "in Korea toast and cacao pay. These are"}, {"start": "00:11:15", "end": "00:11:19", "text": "institutions that are appealing to a"}, {"start": "00:11:17", "end": "00:11:21", "text": "completely different generation who are"}, {"start": "00:11:19", "end": "00:11:23", "text": "inheriting trillions of dollars of"}, {"start": "00:11:21", "end": "00:11:25", "text": "wealth. That's one challenge. I think"}, {"start": "00:11:23", "end": "00:11:28", "text": "the second challenge is agentic. Do you"}, {"start": "00:11:25", "end": "00:11:32", "text": "need a financial advisor who's 56 years"}, {"start": "00:11:28", "end": "00:11:34", "text": "old who can only manage 150 accounts or"}, {"start": "00:11:32", "end": "00:11:36", "text": "are the younger investors going to start"}, {"start": "00:11:34", "end": "00:11:40", "text": "using claude and other capabilities to"}, {"start": "00:11:36", "end": "00:11:42", "text": "build portfolios to rebalance portfolios"}, {"start": "00:11:40", "end": "00:11:45", "text": "to move assets to pay people. So I think"}, {"start": "00:11:42", "end": "00:11:47", "text": "the banking system either needs to open"}, {"start": "00:11:45", "end": "00:11:49", "text": "and engage uh as well as asset"}, {"start": "00:11:47", "end": "00:11:52", "text": "management and financial advisory"}, {"start": "00:11:49", "end": "00:11:54", "text": "otherwise they could be left out and"}, {"start": "00:11:52", "end": "00:11:56", "text": "intermediated by the new tech that"}, {"start": "00:11:54", "end": "00:11:58", "text": "actually makes it easier to manage your"}, {"start": "00:11:56", "end": "00:11:59", "text": "money than calling and visiting an"}, {"start": "00:11:58", "end": "00:12:02", "text": "adviser. One other question I want to"}, {"start": "00:11:59", "end": "00:12:05", "text": "ask you, Joe. Um, when you look at the"}, {"start": "00:12:02", "end": "00:12:07", "text": "biggest overca overhang for Bitcoin and"}, {"start": "00:12:05", "end": "00:12:10", "text": "you kind of consider what Michael Sailor"}, {"start": "00:12:07", "end": "00:12:13", "text": "is up against right now and where"}, {"start": "00:12:10", "end": "00:12:16", "text": "Quantum and Qday is for the core de core"}, {"start": "00:12:13", "end": "00:12:18", "text": "devs, how would you weigh that out right"}, {"start": "00:12:16", "end": "00:12:19", "text": "now in terms of the biggest overhang for"}, {"start": "00:12:18", "end": "00:12:21", "text": "Bitcoin right now?"}, {"start": "00:12:19", "end": "00:12:24", "text": ">> I think the two biggest overhangs are"}, {"start": "00:12:21", "end": "00:12:26", "text": "one narrative. You know, I am a huge"}, {"start": "00:12:24", "end": "00:12:28", "text": "proponent of Bitcoin and people owning"}, {"start": "00:12:26", "end": "00:12:30", "text": "Bitcoin in their portfolios. This is not"}, {"start": "00:12:28", "end": "00:12:32", "text": "an ETH versus Bitcoin story. And when I"}, {"start": "00:12:30", "end": "00:12:34", "text": "was at Black Rockck, we launched the"}, {"start": "00:12:32", "end": "00:12:36", "text": "largest Bitcoin ETF in history called"}, {"start": "00:12:34", "end": "00:12:39", "text": "IBIT because we had institutions who"}, {"start": "00:12:36", "end": "00:12:41", "text": "wanted to own it. The narrative was that"}, {"start": "00:12:39", "end": "00:12:43", "text": "it was digital gold. It was a hedge"}, {"start": "00:12:41", "end": "00:12:45", "text": "against inflation. It was a hedge"}, {"start": "00:12:43", "end": "00:12:47", "text": "against geopolitical risk. So, I think"}, {"start": "00:12:45", "end": "00:12:49", "text": "the biggest challenge is it hasn't been"}, {"start": "00:12:47", "end": "00:12:51", "text": "behaving that way over the last year or"}, {"start": "00:12:49", "end": "00:12:54", "text": "so. It's been trading as a risk-on"}, {"start": "00:12:51", "end": "00:12:56", "text": "asset. And when investors want other"}, {"start": "00:12:54", "end": "00:13:01", "text": "risk on assets that might have higher"}, {"start": "00:12:56", "end": "00:13:04", "text": "returns like Nvidia, SKH Highix, um"}, {"start": "00:13:01", "end": "00:13:05", "text": "Samsung, SpaceX, you know, Bitcoin is a"}, {"start": "00:13:04", "end": "00:13:08", "text": "little bit out of favor. The second"}, {"start": "00:13:05", "end": "00:13:10", "text": "issue as you mentioned is quantum. You"}, {"start": "00:13:08", "end": "00:13:13", "text": "know, Ethereum and other um platforms"}, {"start": "00:13:10", "end": "00:13:16", "text": "are building very quickly to quantum"}, {"start": "00:13:13", "end": "00:13:20", "text": "proof themselves before 2028, 29 or"}, {"start": "00:13:16", "end": "00:13:22", "text": "whenever D-Day is. the Bitcoin ecosystem"}, {"start": "00:13:20", "end": "00:13:25", "text": "is going to be very very challenged,"}, {"start": "00:13:22", "end": "00:13:27", "text": "especially the fact that there are very"}, {"start": "00:13:25", "end": "00:13:30", "text": "large accounts that have not been opened"}, {"start": "00:13:27", "end": "00:13:32", "text": "or touched. Uh it's very unclear who the"}, {"start": "00:13:30", "end": "00:13:34", "text": "owners are and if the Bitcoin ecosystem"}, {"start": "00:13:32", "end": "00:13:36", "text": "needs to fork and change their code, are"}, {"start": "00:13:34", "end": "00:13:39", "text": "they going to leave behind some of the"}, {"start": "00:13:36", "end": "00:13:41", "text": "largest uh portfolios and holders of"}, {"start": "00:13:39", "end": "00:13:43", "text": "Bitcoin? I think it's narrative and"}, {"start": "00:13:41", "end": "00:13:45", "text": "getting back to this being digital gold"}, {"start": "00:13:43", "end": "00:13:49", "text": "and you want to own it because the world"}, {"start": "00:13:45", "end": "00:13:51", "text": "is debasing uh their currencies and you"}, {"start": "00:13:49", "end": "00:13:53", "text": "need to make sure it's quantum proofed"}, {"start": "00:13:51", "end": "00:13:55", "text": "otherwise I think you have a fundamental"}, {"start": "00:13:53", "end": "00:13:57", "text": "risk to to Bitcoin and the price"}, {"start": "00:13:55", "end": "00:14:00", "text": "movement and I think it's been lagging u"}, {"start": "00:13:57", "end": "00:14:04", "text": "because it lost that narrative. Joe, do"}, {"start": "00:14:00", "end": "00:14:07", "text": "you think that that has uh come home to"}, {"start": "00:14:04", "end": "00:14:09", "text": "real to realization within Wall Street"}, {"start": "00:14:07", "end": "00:14:11", "text": "traditional finance of seeing what's"}, {"start": "00:14:09", "end": "00:14:13", "text": "happening right now with Bitcoin, seeing"}, {"start": "00:14:11", "end": "00:14:15", "text": "the drama with what's going on with"}, {"start": "00:14:13", "end": "00:14:17", "text": "Stretch and Micro Strategy and"}, {"start": "00:14:15", "end": "00:14:21", "text": "understanding the real threat, you know,"}, {"start": "00:14:17", "end": "00:14:22", "text": "from Quantum and Bitcoin's kind of inner"}, {"start": "00:14:21", "end": "00:14:24", "text": "turmoil that they're dealing with right"}, {"start": "00:14:22", "end": "00:14:26", "text": "now. Have they realized this at Wall"}, {"start": "00:14:24", "end": "00:14:29", "text": "Street? Well, I think one of the reasons"}, {"start": "00:14:26", "end": "00:14:31", "text": "why Bitcoin has declined in price is"}, {"start": "00:14:29", "end": "00:14:33", "text": "that Michael Sailor and strategy went"}, {"start": "00:14:31", "end": "00:14:35", "text": "from being a massive net buyer of"}, {"start": "00:14:33", "end": "00:14:36", "text": "Bitcoin to at this point a bit of a"}, {"start": "00:14:35", "end": "00:14:38", "text": "seller."}, {"start": "00:14:36", "end": "00:14:40", "text": ">> And it's part of the Bitcoin conundrum,"}, {"start": "00:14:38", "end": "00:14:42", "text": "which is it's a great asset to own if"}, {"start": "00:14:40", "end": "00:14:45", "text": "you believe governments are going to"}, {"start": "00:14:42", "end": "00:14:47", "text": "debase currencies. That said, as a"}, {"start": "00:14:45", "end": "00:14:49", "text": "treasury asset, it's quite challenging"}, {"start": "00:14:47", "end": "00:14:51", "text": "because if you want to drive returns,"}, {"start": "00:14:49", "end": "00:14:53", "text": "uh, outsized returns, you have to"}, {"start": "00:14:51", "end": "00:14:55", "text": "financialize your stock. And you're"}, {"start": "00:14:53", "end": "00:14:57", "text": "seeing Michael Sailor in a bit of a"}, {"start": "00:14:55", "end": "00:15:00", "text": "pickle. On the one hand, needing to"}, {"start": "00:14:57", "end": "00:15:02", "text": "satisfy debt repayment on converts,"}, {"start": "00:15:00", "end": "00:15:04", "text": "dividend payments on preferred, and the"}, {"start": "00:15:02", "end": "00:15:06", "text": "only way he can do that is raising new"}, {"start": "00:15:04", "end": "00:15:08", "text": "capital or selling Bitcoin. So, I think"}, {"start": "00:15:06", "end": "00:15:10", "text": "you have selling pressure, not an"}, {"start": "00:15:08", "end": "00:15:12", "text": "incremental buyer of Bitcoin. I think"}, {"start": "00:15:10", "end": "00:15:15", "text": "that will change over time, especially"}, {"start": "00:15:12", "end": "00:15:17", "text": "if the AI narrative on Wall Street slows"}, {"start": "00:15:15", "end": "00:15:19", "text": "down. You'll see people rotate back into"}, {"start": "00:15:17", "end": "00:15:21", "text": "Bitcoin and other crypto assets."}, {"start": "00:15:19", "end": "00:15:23", "text": ">> Well, I mean, I don't know if it's going"}, {"start": "00:15:21", "end": "00:15:25", "text": "to slow down. If you look at the AI"}, {"start": "00:15:23", "end": "00:15:28", "text": "mining boom, which is another effect"}, {"start": "00:15:25", "end": "00:15:30", "text": "that it has, it may reaffirm the whole"}, {"start": "00:15:28", "end": "00:15:33", "text": "concept of what's going on with Ethereum"}, {"start": "00:15:30", "end": "00:15:35", "text": "in terms of proof of stake because this"}, {"start": "00:15:33", "end": "00:15:37", "text": "is a typical miner that's out there"}, {"start": "00:15:35", "end": "00:15:39", "text": "getting price bumps because of just"}, {"start": "00:15:37", "end": "00:15:41", "text": "contracted AI data center deals that"}, {"start": "00:15:39", "end": "00:15:43", "text": "they're doing. And this is one of many."}, {"start": "00:15:41", "end": "00:15:45", "text": "We talked about Terowolf the other day,"}, {"start": "00:15:43", "end": "00:15:48", "text": "obviously this being HUD 8. I mean do"}, {"start": "00:15:45", "end": "00:15:51", "text": "you think institutions are understanding"}, {"start": "00:15:48", "end": "00:15:53", "text": "that there is a bit of a dynamic shift"}, {"start": "00:15:51", "end": "00:15:55", "text": "right now in the core center of where"}, {"start": "00:15:53", "end": "00:15:57", "text": "Bitcoin is actually curated?"}, {"start": "00:15:55", "end": "00:16:00", "text": ">> Yeah, if you're a Bitcoin miner and you"}, {"start": "00:15:57", "end": "00:16:03", "text": "have uh large data center rigs or"}, {"start": "00:16:00", "end": "00:16:05", "text": "compute capability every day you have a"}, {"start": "00:16:03", "end": "00:16:07", "text": "logical choice. Do I point those"}, {"start": "00:16:05", "end": "00:16:10", "text": "machines at Bitcoin mining and at this"}, {"start": "00:16:07", "end": "00:16:12", "text": "price it's pretty underwater or do I go"}, {"start": "00:16:10", "end": "00:16:14", "text": "with the AI narrative and become a"}, {"start": "00:16:12", "end": "00:16:16", "text": "hyperscaler? The best example of someone"}, {"start": "00:16:14", "end": "00:16:18", "text": "who's done that really well is Galaxy"}, {"start": "00:16:16", "end": "00:16:20", "text": "Digital and Mike Dovers. They were one"}, {"start": "00:16:18", "end": "00:16:23", "text": "of the largest Bitcoin miners out there"}, {"start": "00:16:20", "end": "00:16:25", "text": "and instead they're building West Texas"}, {"start": "00:16:23", "end": "00:16:28", "text": "data centers as a new strategy. So I"}, {"start": "00:16:25", "end": "00:16:30", "text": "think that is a challenge to Bitcoin and"}, {"start": "00:16:28", "end": "00:16:32", "text": "that is a decision people make every"}, {"start": "00:16:30", "end": "00:16:34", "text": "day. But once you pivot your strategy"}, {"start": "00:16:32", "end": "00:16:37", "text": "away from mining and you're making"}, {"start": "00:16:34", "end": "00:16:38", "text": "multi-year commitments to hyperscaling"}, {"start": "00:16:37", "end": "00:16:39", "text": "data centers, you're selling your"}, {"start": "00:16:38", "end": "00:16:41", "text": "capacity."}, {"start": "00:16:39", "end": "00:16:43", "text": ">> It's very hard to switch back to bit"}, {"start": "00:16:41", "end": "00:16:46", "text": "Bitcoin mining."}, {"start": "00:16:43", "end": "00:16:49", "text": ">> So with what you just said, wouldn't"}, {"start": "00:16:46", "end": "00:16:50", "text": "proof of stake, wouldn't this kind of be"}, {"start": "00:16:49", "end": "00:16:52", "text": "the time for it because everybody's"}, {"start": "00:16:50", "end": "00:16:54", "text": "going to realize that this is a"}, {"start": "00:16:52", "end": "00:16:55", "text": "completely different model of of how to"}, {"start": "00:16:54", "end": "00:16:57", "text": "do this?"}, {"start": "00:16:55", "end": "00:16:59", "text": ">> Yeah. I think the reason why Ethereum is"}, {"start": "00:16:57", "end": "00:17:01", "text": "more attractive at the moment is Bitcoin"}, {"start": "00:16:59", "end": "00:17:04", "text": "does a great job store of value. It's"}, {"start": "00:17:01", "end": "00:17:06", "text": "cryptographic. It's decentralized, but"}, {"start": "00:17:04", "end": "00:17:08", "text": "it's not programmable. You can own"}, {"start": "00:17:06", "end": "00:17:10", "text": "Bitcoin, you can move it. Ethereum is"}, {"start": "00:17:08", "end": "00:17:13", "text": "ending up to become the new financial"}, {"start": "00:17:10", "end": "00:17:16", "text": "infrastructure, not just of stable coins"}, {"start": "00:17:13", "end": "00:17:18", "text": "and crypto and tokenized assets. The"}, {"start": "00:17:16", "end": "00:17:21", "text": "world's largest financial institutions,"}, {"start": "00:17:18", "end": "00:17:24", "text": "Black Rockck, Franklin Templeton, JP"}, {"start": "00:17:21", "end": "00:17:27", "text": "Morgan, Robin Hood are building the next"}, {"start": "00:17:24", "end": "00:17:30", "text": "generation of tokenized deposits, funds,"}, {"start": "00:17:27", "end": "00:17:33", "text": "ETFs, you know, and retail platforms on"}, {"start": "00:17:30", "end": "00:17:36", "text": "a programmable decentralized ecosystem."}, {"start": "00:17:33", "end": "00:17:39", "text": "So, Ethereum is more uh in demand and"}, {"start": "00:17:36", "end": "00:17:41", "text": "the most important thing is why is"}, {"start": "00:17:39", "end": "00:17:44", "text": "because you can have large portions of"}, {"start": "00:17:41", "end": "00:17:47", "text": "the financial ecosystem trade 24/7 with"}, {"start": "00:17:44", "end": "00:17:51", "text": "instant settlement and reduce all the"}, {"start": "00:17:47", "end": "00:17:53", "text": "risks you see in T+1 T plus2 trading in"}, {"start": "00:17:51", "end": "00:17:56", "text": "the US and Asia. So, you have to worry"}, {"start": "00:17:53", "end": "00:17:58", "text": "less about counterparty risk and a war"}, {"start": "00:17:56", "end": "00:18:01", "text": "being launched on a Friday night and you"}, {"start": "00:17:58", "end": "00:18:02", "text": "being locked in. So it gives a much more"}, {"start": "00:18:01", "end": "00:18:05", "text": "nimble programmable experience to"}, {"start": "00:18:02", "end": "00:18:08", "text": "investors and that Ethereum is becoming"}, {"start": "00:18:05", "end": "00:18:10", "text": "that global settlement layer um in a way"}, {"start": "00:18:08", "end": "00:18:11", "text": "that Bitcoin can't as a just a simple"}, {"start": "00:18:10", "end": "00:18:14", "text": "store of value."}, {"start": "00:18:11", "end": "00:18:16", "text": ">> Okay. All right. Well, taking what you"}, {"start": "00:18:14", "end": "00:18:18", "text": "just said, Ethereum becoming a global"}, {"start": "00:18:16", "end": "00:18:21", "text": "settlement layer versus where Bitcoin is"}, {"start": "00:18:18", "end": "00:18:23", "text": "going. This came in from Sailor and Fun"}, {"start": "00:18:21", "end": "00:18:26", "text": "Le. We of course had Fun on the show"}, {"start": "00:18:23", "end": "00:18:28", "text": "before and they uh bas basically was"}, {"start": "00:18:26", "end": "00:18:30", "text": "some research for them. the Bitcoin"}, {"start": "00:18:28", "end": "00:18:33", "text": "banking adoption index. I want to show"}, {"start": "00:18:30", "end": "00:18:35", "text": "this to you guys because this surprised"}, {"start": "00:18:33", "end": "00:18:37", "text": "even me in terms of the list right"}, {"start": "00:18:35", "end": "00:18:39", "text": "there. You've got Fidelity, BNY,"}, {"start": "00:18:37", "end": "00:18:41", "text": "Goldman, etc. And they've got a whole"}, {"start": "00:18:39", "end": "00:18:44", "text": "list of what they're dealing with both"}, {"start": "00:18:41", "end": "00:18:46", "text": "on traded custody products margin, etc."}, {"start": "00:18:44", "end": "00:18:48", "text": "But they're claiming claiming I don't"}, {"start": "00:18:46", "end": "00:18:50", "text": "know if this is accurate, but claiming"}, {"start": "00:18:48", "end": "00:18:54", "text": "that there are 32% in terms of an an"}, {"start": "00:18:50", "end": "00:18:56", "text": "adoption index. How does ETH compare"}, {"start": "00:18:54", "end": "00:18:59", "text": "when you look at the same kind of names"}, {"start": "00:18:56", "end": "00:19:01", "text": "right there? That's a pretty, you know,"}, {"start": "00:18:59", "end": "00:19:03", "text": "star-studded list of top banking"}, {"start": "00:19:01", "end": "00:19:06", "text": "industry right there in the US. How"}, {"start": "00:19:03", "end": "00:19:08", "text": "would ETH compare? So, I haven't seen"}, {"start": "00:19:06", "end": "00:19:11", "text": "this report, but I'm assuming this"}, {"start": "00:19:08", "end": "00:19:14", "text": "exposure and adoption is largely coming"}, {"start": "00:19:11", "end": "00:19:18", "text": "from the wave of ETFs that were launched"}, {"start": "00:19:14", "end": "00:19:20", "text": "uh in January of 2024, where the banks"}, {"start": "00:19:18", "end": "00:19:22", "text": "themselves may not own this Bitcoin, but"}, {"start": "00:19:20", "end": "00:19:24", "text": "it could be that they're custodying it"}, {"start": "00:19:22", "end": "00:19:26", "text": "for customers. If you're a large wealth"}, {"start": "00:19:24", "end": "00:19:29", "text": "manager, it's in your portfolio. So,"}, {"start": "00:19:26", "end": "00:19:31", "text": "that is an interest from their end"}, {"start": "00:19:29", "end": "00:19:33", "text": "clients to own it. I don't think most of"}, {"start": "00:19:31", "end": "00:19:36", "text": "this is in the banking balance sheet."}, {"start": "00:19:33", "end": "00:19:38", "text": "Ethereum, people are building on it. The"}, {"start": "00:19:36", "end": "00:19:41", "text": "world's largest financial institutions"}, {"start": "00:19:38", "end": "00:19:44", "text": "are adopting it and they they then have"}, {"start": "00:19:41", "end": "00:19:46", "text": "to own ETH to secure their transactions"}, {"start": "00:19:44", "end": "00:19:49", "text": "themselves. So, I think it's a it's a"}, {"start": "00:19:46", "end": "00:19:50", "text": "difference of uh exposure versus use."}, {"start": "00:19:49", "end": "00:19:53", "text": "And I think in Ethereum, you're going to"}, {"start": "00:19:50", "end": "00:19:55", "text": "see a lot more adoption and use of the"}, {"start": "00:19:53", "end": "00:19:57", "text": "platform rather than just holding it on"}, {"start": "00:19:55", "end": "00:20:00", "text": "behalf of your customers. That would be"}, {"start": "00:19:57", "end": "00:20:02", "text": "my take having not seen this report. So,"}, {"start": "00:20:00", "end": "00:20:05", "text": "uh, Joseph, you talked a little bit"}, {"start": "00:20:02", "end": "00:20:08", "text": "about FinTech and the idea of what we're"}, {"start": "00:20:05", "end": "00:20:10", "text": "going to see in terms of adoption. Uh, a"}, {"start": "00:20:08", "end": "00:20:14", "text": "lot of this new market out there is"}, {"start": "00:20:10", "end": "00:20:17", "text": "dealing with variable and stable yields."}, {"start": "00:20:14", "end": "00:20:19", "text": "Uh, one of them, of course, is a new"}, {"start": "00:20:17", "end": "00:20:21", "text": "stable vaults infrastructure. This is"}, {"start": "00:20:19", "end": "00:20:23", "text": "now launching. Uh, and now you're going"}, {"start": "00:20:21", "end": "00:20:25", "text": "to see almost any fintech out there"}, {"start": "00:20:23", "end": "00:20:27", "text": "that'd be able to offer this kind of"}, {"start": "00:20:25", "end": "00:20:29", "text": "onchain yield to their users. My"}, {"start": "00:20:27", "end": "00:20:32", "text": "question is this. Do you think fintech"}, {"start": "00:20:29", "end": "00:20:35", "text": "users would choose stable versus"}, {"start": "00:20:32", "end": "00:20:36", "text": "variable yields if they're similar to"}, {"start": "00:20:35", "end": "00:20:39", "text": "each other? I mean, I know where I'd go,"}, {"start": "00:20:36", "end": "00:20:42", "text": "but what do you think in terms of users?"}, {"start": "00:20:39", "end": "00:20:45", "text": ">> I'll be a little bit controversial."}, {"start": "00:20:42", "end": "00:20:48", "text": "Most depositors at banks and most people"}, {"start": "00:20:45", "end": "00:20:50", "text": "who have idle balances, they're not even"}, {"start": "00:20:48", "end": "00:20:53", "text": "getting interest or market rate. So, the"}, {"start": "00:20:50", "end": "00:20:56", "text": "first step is to give them realworld"}, {"start": "00:20:53", "end": "00:20:58", "text": "yield. Even if it's just three three and"}, {"start": "00:20:56", "end": "00:21:00", "text": "a half%, you know, money market type"}, {"start": "00:20:58", "end": "00:21:03", "text": "rates by owning a stable coin or owning"}, {"start": "00:21:00", "end": "00:21:05", "text": "a tokenized yield yield vehicle, there"}, {"start": "00:21:03", "end": "00:21:07", "text": "are hundreds of billions of dollars of"}, {"start": "00:21:05", "end": "00:21:09", "text": "idle assets at the largest banks in the"}, {"start": "00:21:07", "end": "00:21:10", "text": "world who are earning no interest. So,"}, {"start": "00:21:09", "end": "00:21:12", "text": "I'm going to be a little bit"}, {"start": "00:21:10", "end": "00:21:14", "text": "controversial. The first step is giving"}, {"start": "00:21:12", "end": "00:21:16", "text": "them yield and giving it to them where"}, {"start": "00:21:14", "end": "00:21:19", "text": "they want to have it, which is in an"}, {"start": "00:21:16", "end": "00:21:21", "text": "onchain portfolio or an onchain wallet."}, {"start": "00:21:19", "end": "00:21:23", "text": "And hopefully the largest institutions"}, {"start": "00:21:21", "end": "00:21:24", "text": "will start offering that. You saw"}, {"start": "00:21:23", "end": "00:21:27", "text": "Charles Schwab offer wallet"}, {"start": "00:21:24", "end": "00:21:30", "text": "infrastructure, Fidelity, and not just"}, {"start": "00:21:27", "end": "00:21:32", "text": "Robin Hood. The second question is what"}, {"start": "00:21:30", "end": "00:21:35", "text": "other types of yields can you get on"}, {"start": "00:21:32", "end": "00:21:37", "text": "chain? Well, a lot of these protocols"}, {"start": "00:21:35", "end": "00:21:40", "text": "like A and Morpho are not just earning"}, {"start": "00:21:37", "end": "00:21:42", "text": "yields. They're actually offering you"}, {"start": "00:21:40", "end": "00:21:44", "text": "credit type exposures. Exactly. They're"}, {"start": "00:21:42", "end": "00:21:46", "text": "offering you an ability to take not just"}, {"start": "00:21:44", "end": "00:21:50", "text": "your Bitcoin and lend it, but if you own"}, {"start": "00:21:46", "end": "00:21:52", "text": "tokenized Tesla, Nvidia, or SpaceX, for"}, {"start": "00:21:50", "end": "00:21:55", "text": "the first time, a retail investor can"}, {"start": "00:21:52", "end": "00:21:57", "text": "lend it, secure that and get a return."}, {"start": "00:21:55", "end": "00:21:59", "text": "Large institutions in Wall Streets have"}, {"start": "00:21:57", "end": "00:22:01", "text": "been doing that for generations."}, {"start": "00:21:59", "end": "00:22:03", "text": ">> Take an asset, lend it"}, {"start": "00:22:01", "end": "00:22:05", "text": ">> with a counterparty, three days later"}, {"start": "00:22:03", "end": "00:22:08", "text": "get it back. Now, retail is going to be"}, {"start": "00:22:05", "end": "00:22:09", "text": "able to do it. And with Agentic, their"}, {"start": "00:22:08", "end": "00:22:13", "text": "agents are going to be able to do that"}, {"start": "00:22:09", "end": "00:22:16", "text": "autonomously. So you almost have a CFO"}, {"start": "00:22:13", "end": "00:22:18", "text": "in your wallet for a retail investor. If"}, {"start": "00:22:16", "end": "00:22:20", "text": "you have an onchain wallet, you have an"}, {"start": "00:22:18", "end": "00:22:23", "text": "access to yield. It can rebalance your"}, {"start": "00:22:20", "end": "00:22:26", "text": "portfolio and it can get you credit"}, {"start": "00:22:23", "end": "00:22:28", "text": "exposure uh and returns that you can't"}, {"start": "00:22:26", "end": "00:22:30", "text": "have if you're just parking an asset in"}, {"start": "00:22:28", "end": "00:22:32", "text": "a traditional institution. So I'm very"}, {"start": "00:22:30", "end": "00:22:34", "text": "bullish that this will actually be"}, {"start": "00:22:32", "end": "00:22:36", "text": "amazing for retail investors. This may"}, {"start": "00:22:34", "end": "00:22:38", "text": "be a generational step up of"}, {"start": "00:22:36", "end": "00:22:40", "text": "capabilities that to date was only"}, {"start": "00:22:38", "end": "00:22:41", "text": "reserved for Wall Street and Wall Street"}, {"start": "00:22:40", "end": "00:22:43", "text": "treasurers."}, {"start": "00:22:41", "end": "00:22:44", "text": ">> Well, and to your point because this is"}, {"start": "00:22:43", "end": "00:22:47", "text": "something that Sailor has been trying to"}, {"start": "00:22:44", "end": "00:22:49", "text": "do with Stretch and that is legitimize,"}, {"start": "00:22:47", "end": "00:22:51", "text": "you know, the idea of credit, private"}, {"start": "00:22:49", "end": "00:22:53", "text": "credit, and also the idea of stable,"}, {"start": "00:22:51", "end": "00:22:55", "text": "which of course did not turn out so well"}, {"start": "00:22:53", "end": "00:22:56", "text": "for stretch. So, it's probably going to"}, {"start": "00:22:55", "end": "00:22:59", "text": "put a little bit of pressure. But back"}, {"start": "00:22:56", "end": "00:23:02", "text": "to my original question, I think at"}, {"start": "00:22:59", "end": "00:23:03", "text": "least when you look at fintech"}, {"start": "00:23:02", "end": "00:23:05", "text": "operations out there, whether it's a"}, {"start": "00:23:03", "end": "00:23:06", "text": "morpho and and se several others that"}, {"start": "00:23:05", "end": "00:23:08", "text": "are going to be offering this,"}, {"start": "00:23:06", "end": "00:23:11", "text": "especially if this goes into onchain"}, {"start": "00:23:08", "end": "00:23:14", "text": "yield for almost any fintech out there,"}, {"start": "00:23:11", "end": "00:23:16", "text": "wouldn't people lock in on these stable"}, {"start": "00:23:14", "end": "00:23:18", "text": "yields versus these variables, which is"}, {"start": "00:23:16", "end": "00:23:20", "text": "what we've seen happen with stretch, and"}, {"start": "00:23:18", "end": "00:23:22", "text": "choose that over?"}, {"start": "00:23:20", "end": "00:23:24", "text": ">> I think it's two different investments."}, {"start": "00:23:22", "end": "00:23:27", "text": "One is someone trying to seek a 3 three"}, {"start": "00:23:24", "end": "00:23:29", "text": "and a half% stable return. Those are"}, {"start": "00:23:27", "end": "00:23:32", "text": "no-brainers compared to where you're"}, {"start": "00:23:29", "end": "00:23:34", "text": "parking your cash and assets today. I"}, {"start": "00:23:32", "end": "00:23:37", "text": "think the second is an investor trying"}, {"start": "00:23:34", "end": "00:23:40", "text": "to take a credit risk trying to get 11"}, {"start": "00:23:37", "end": "00:23:42", "text": "12% return and hoping that the"}, {"start": "00:23:40", "end": "00:23:44", "text": "collateral and Michael Sailor have"}, {"start": "00:23:42", "end": "00:23:46", "text": "enough confidence that you've got great"}, {"start": "00:23:44", "end": "00:23:49", "text": "collateral you got great security and"}, {"start": "00:23:46", "end": "00:23:50", "text": "now you're able to get 11 12% returns. I"}, {"start": "00:23:49", "end": "00:23:52", "text": "think it's two different investment"}, {"start": "00:23:50", "end": "00:23:55", "text": "thesis, but I think they're both"}, {"start": "00:23:52", "end": "00:23:57", "text": "available and you know these are"}, {"start": "00:23:55", "end": "00:23:59", "text": "revolutions compared to what was"}, {"start": "00:23:57", "end": "00:24:01", "text": "available to a retail investor even just"}, {"start": "00:23:59", "end": "00:24:03", "text": "two to three years ago."}, {"start": "00:24:01", "end": "00:24:05", "text": ">> Yeah, for sure. Let me ask you this. You"}, {"start": "00:24:03", "end": "00:24:09", "text": "have seen all of these fintexs, they've"}, {"start": "00:24:05", "end": "00:24:11", "text": "launched wallets. Uh now you see DeFi"}, {"start": "00:24:09", "end": "00:24:14", "text": "and free wallets out there. MetaMask"}, {"start": "00:24:11", "end": "00:24:16", "text": "good example of this right here. Uh they"}, {"start": "00:24:14", "end": "00:24:18", "text": "have their money accounts live. You can"}, {"start": "00:24:16", "end": "00:24:22", "text": "get 6% APY right now. There's variations"}, {"start": "00:24:18", "end": "00:24:26", "text": "on this as well. Do you think that the"}, {"start": "00:24:22", "end": "00:24:27", "text": "next generation of retail customers who"}, {"start": "00:24:26", "end": "00:24:31", "text": "are now getting access to all these new"}, {"start": "00:24:27", "end": "00:24:32", "text": "tools that they would choose a $5"}, {"start": "00:24:31", "end": "00:24:34", "text": "subscription? I mean, right now I'm"}, {"start": "00:24:32", "end": "00:24:38", "text": "paying five bucks a month, I think, for"}, {"start": "00:24:34", "end": "00:24:40", "text": "Robin Hood Gold. Uh, that's $60 a year"}, {"start": "00:24:38", "end": "00:24:42", "text": "versus a wallet product that I get for"}, {"start": "00:24:40", "end": "00:24:44", "text": "free and I get very similar services on"}, {"start": "00:24:42", "end": "00:24:46", "text": "it. How do you think that's going to"}, {"start": "00:24:44", "end": "00:24:48", "text": "land out for companies like Robin Hood"}, {"start": "00:24:46", "end": "00:24:50", "text": "and a lot of these other neo banks and"}, {"start": "00:24:48", "end": "00:24:52", "text": "fintex?"}, {"start": "00:24:50", "end": "00:24:54", "text": ">> I I think $5 a month is a very small"}, {"start": "00:24:52", "end": "00:24:56", "text": "subscription fee. I think what's more"}, {"start": "00:24:54", "end": "00:24:58", "text": "important is people are going to be"}, {"start": "00:24:56", "end": "00:25:02", "text": "doing more of their daily financial"}, {"start": "00:24:58", "end": "00:25:04", "text": "lives, social lives and prediction lives"}, {"start": "00:25:02", "end": "00:25:06", "text": "in these infrastructures. Think about"}, {"start": "00:25:04", "end": "00:25:09", "text": "it. You can have it almost as a bank on"}, {"start": "00:25:06", "end": "00:25:11", "text": "your phone. You can get yield. You can"}, {"start": "00:25:09", "end": "00:25:14", "text": "buy crypto assets. Soon you're going to"}, {"start": "00:25:11", "end": "00:25:17", "text": "be able to buy tokenized stocks or"}, {"start": "00:25:14", "end": "00:25:19", "text": "wrapped ETFs or SpaceX. Then you're"}, {"start": "00:25:17", "end": "00:25:21", "text": "going to be able to borrow and lend it."}, {"start": "00:25:19", "end": "00:25:23", "text": "You're going to be able to get credit"}, {"start": "00:25:21", "end": "00:25:25", "text": "like returns and take credit risk."}, {"start": "00:25:23", "end": "00:25:27", "text": "You're going to be able to participate"}, {"start": "00:25:25", "end": "00:25:30", "text": "in prediction markets, which is just"}, {"start": "00:25:27", "end": "00:25:31", "text": "another way of voting your sentiment. So"}, {"start": "00:25:30", "end": "00:25:33", "text": "I think you're going to see people like"}, {"start": "00:25:31", "end": "00:25:35", "text": "they spend a ton of time in the meta"}, {"start": "00:25:33", "end": "00:25:38", "text": "ecosystem,"}, {"start": "00:25:35", "end": "00:25:40", "text": ">> you know, with Facebook and WhatsApp and"}, {"start": "00:25:38", "end": "00:25:43", "text": "Instagram. These are new financial"}, {"start": "00:25:40", "end": "00:25:44", "text": "centers for people and I think the banks"}, {"start": "00:25:43", "end": "00:25:46", "text": "are going to have to really step up"}, {"start": "00:25:44", "end": "00:25:49", "text": "their game because you have a generation"}, {"start": "00:25:46", "end": "00:25:51", "text": "who's inheriting the greatest wealth"}, {"start": "00:25:49", "end": "00:25:53", "text": "transfer in history over a hundred"}, {"start": "00:25:51", "end": "00:25:56", "text": "trillion dollars in a decade and a half."}, {"start": "00:25:53", "end": "00:25:57", "text": "These people trust code their phones"}, {"start": "00:25:56", "end": "00:25:59", "text": "more than they trust traditional"}, {"start": "00:25:57", "end": "00:26:01", "text": "institutions. So I think this is going"}, {"start": "00:25:59", "end": "00:26:04", "text": "to be center financial activity more"}, {"start": "00:26:01", "end": "00:26:07", "text": "than just a yield play or a deposit play"}, {"start": "00:26:04", "end": "00:26:09", "text": "or crypto play. And when most token when"}, {"start": "00:26:07", "end": "00:26:10", "text": "most equities in the world become"}, {"start": "00:26:09", "end": "00:26:13", "text": "tokenized, they're going to sit in"}, {"start": "00:26:10", "end": "00:26:15", "text": "wallet infrastructure. So I think it's"}, {"start": "00:26:13", "end": "00:26:17", "text": "just a new primitive for how people are"}, {"start": "00:26:15", "end": "00:26:19", "text": "going to manage their daily lives. When"}, {"start": "00:26:17", "end": "00:26:21", "text": "you layer in a Gentic, it's going to be"}, {"start": "00:26:19", "end": "00:26:24", "text": "the greatest consumer experience they've"}, {"start": "00:26:21", "end": "00:26:24", "text": "seen as long as the guard rails are"}, {"start": "00:26:24", "end": "00:26:27", "text": "correct."}, {"start": "00:26:24", "end": "00:26:30", "text": ">> Yeah. Yeah. Speaking of that, okay,"}, {"start": "00:26:27", "end": "00:26:33", "text": "let's look at at Clarity and let's let's"}, {"start": "00:26:30", "end": "00:26:36", "text": "go one direction. Clarity Act fails."}, {"start": "00:26:33", "end": "00:26:38", "text": "Let's let's we're assuming that not"}, {"start": "00:26:36", "end": "00:26:41", "text": "saying it will guys but but let's say it"}, {"start": "00:26:38", "end": "00:26:42", "text": "does. You look at the performance of uh"}, {"start": "00:26:41", "end": "00:26:45", "text": "the recent performance of what's"}, {"start": "00:26:42", "end": "00:26:48", "text": "happened on Robin Hood chain which has"}, {"start": "00:26:45", "end": "00:26:52", "text": "gone almost completely retailoriented."}, {"start": "00:26:48", "end": "00:26:55", "text": "Um why wouldn't Bitmine and Sharplink"}, {"start": "00:26:52", "end": "00:26:57", "text": "type entities look at retail versus"}, {"start": "00:26:55", "end": "00:26:59", "text": "institutional if in fact we get a"}, {"start": "00:26:57", "end": "00:27:01", "text": "failure at clarity?"}, {"start": "00:26:59", "end": "00:27:03", "text": ">> So first of all I'm confident it will"}, {"start": "00:27:01", "end": "00:27:05", "text": "happen. It's not clear it'll happen"}, {"start": "00:27:03", "end": "00:27:07", "text": "before the August recess, but I I think"}, {"start": "00:27:05", "end": "00:27:09", "text": "there's enough impetus to get it done"}, {"start": "00:27:07", "end": "00:27:11", "text": "this year. If it doesn't happen, you"}, {"start": "00:27:09", "end": "00:27:14", "text": "have Chairman Atkins at the SEC and"}, {"start": "00:27:11", "end": "00:27:16", "text": "Chairman Selig at the CFTC. While I'm"}, {"start": "00:27:14", "end": "00:27:18", "text": "not saying they're acting in unison"}, {"start": "00:27:16", "end": "00:27:20", "text": "because they're independent uh"}, {"start": "00:27:18", "end": "00:27:22", "text": "regulators, they have a plan to rule"}, {"start": "00:27:20", "end": "00:27:25", "text": "make most of this. I think if the"}, {"start": "00:27:22", "end": "00:27:27", "text": "Clarity Act does not pass, the biggest"}, {"start": "00:27:25", "end": "00:27:31", "text": "losers are going to be the DeFi"}, {"start": "00:27:27", "end": "00:27:34", "text": "protocols who don't have a clear uh"}, {"start": "00:27:31", "end": "00:27:36", "text": "operating model um on whether they're a"}, {"start": "00:27:34", "end": "00:27:38", "text": "software company or a regulated"}, {"start": "00:27:36", "end": "00:27:40", "text": "financial institution, but stable coins"}, {"start": "00:27:38", "end": "00:27:42", "text": "are in good place. Tokenization is in a"}, {"start": "00:27:40", "end": "00:27:45", "text": "very good place. So, I'm really not"}, {"start": "00:27:42", "end": "00:27:48", "text": "concerned uh about that. Now, Sharlink,"}, {"start": "00:27:45", "end": "00:27:50", "text": "our goal is to give our investors access"}, {"start": "00:27:48", "end": "00:27:53", "text": "to this large Ethereum opportunity we're"}, {"start": "00:27:50", "end": "00:27:56", "text": "talking about, stake our ETH, give yield"}, {"start": "00:27:53", "end": "00:27:57", "text": "to our investors. So, I I don't think"}, {"start": "00:27:56", "end": "00:27:59", "text": "you know the digital asset treasury"}, {"start": "00:27:57", "end": "00:28:01", "text": "companies are highly affected by"}, {"start": "00:27:59", "end": "00:28:04", "text": "clarity. The more important thing is"}, {"start": "00:28:01", "end": "00:28:07", "text": "that you have clear rules of the road"}, {"start": "00:28:04", "end": "00:28:09", "text": "for DeFi participants because DeFi is"}, {"start": "00:28:07", "end": "00:28:11", "text": "going to be the new transaction layer"}, {"start": "00:28:09", "end": "00:28:13", "text": "for a tokenized economy. So I think"}, {"start": "00:28:11", "end": "00:28:15", "text": "stable coins will be fine. Tokenized"}, {"start": "00:28:13", "end": "00:28:17", "text": "assets are going to be fine. DeFi is"}, {"start": "00:28:15", "end": "00:28:20", "text": "going to be challenged without clear"}, {"start": "00:28:17", "end": "00:28:23", "text": "regulatory guidance."}, {"start": "00:28:20", "end": "00:28:25", "text": ">> All right. So with that uh statement,"}, {"start": "00:28:23", "end": "00:28:27", "text": "you look at something like a unis swap."}, {"start": "00:28:25", "end": "00:28:31", "text": "I'm just looking at this right now."}, {"start": "00:28:27", "end": "00:28:34", "text": "Uniswap is literally bumping into circle"}, {"start": "00:28:31", "end": "00:28:36", "text": "right now. When you look at uh fees as"}, {"start": "00:28:34", "end": "00:28:38", "text": "well as the overall market cap as well"}, {"start": "00:28:36", "end": "00:28:39", "text": "as just the activity that's happening"}, {"start": "00:28:38", "end": "00:28:41", "text": "right now. when I'm looking at this"}, {"start": "00:28:39", "end": "00:28:43", "text": "chart, you've got Uniswap moving up"}, {"start": "00:28:41", "end": "00:28:45", "text": "quickly. Do you think it could ever get"}, {"start": "00:28:43", "end": "00:28:47", "text": "into a position where unis swap could"}, {"start": "00:28:45", "end": "00:28:48", "text": "actually flip circle?"}, {"start": "00:28:47", "end": "00:28:51", "text": ">> So, I think they're two different"}, {"start": "00:28:48", "end": "00:28:54", "text": "things. Um, unis swap is, I think, one"}, {"start": "00:28:51", "end": "00:28:57", "text": "of the most successful DeFi platforms in"}, {"start": "00:28:54", "end": "00:29:00", "text": "history. They have an ability to create"}, {"start": "00:28:57", "end": "00:29:04", "text": "a automated market maker to trade"}, {"start": "00:29:00", "end": "00:29:06", "text": "anything for anything on chain. To date,"}, {"start": "00:29:04", "end": "00:29:10", "text": "probably 80% of it has been Bitcoin,"}, {"start": "00:29:06", "end": "00:29:13", "text": "ETH, Solana against Tether and USDC from"}, {"start": "00:29:10", "end": "00:29:15", "text": "Circle. I think if tokenized assets end"}, {"start": "00:29:13", "end": "00:29:18", "text": "up coming on their platform, they will"}, {"start": "00:29:15", "end": "00:29:20", "text": "become one of the most important venues"}, {"start": "00:29:18", "end": "00:29:24", "text": "for exchange of value and liquidity. I"}, {"start": "00:29:20", "end": "00:29:26", "text": "think the selling of Circle and you know"}, {"start": "00:29:24", "end": "00:29:28", "text": "this narrative that Circle will be less"}, {"start": "00:29:26", "end": "00:29:32", "text": "successful because of a launch of a new"}, {"start": "00:29:28", "end": "00:29:35", "text": "stable coin called OSD. I think that is"}, {"start": "00:29:32", "end": "00:29:39", "text": "overblown. Circle and its USDC are"}, {"start": "00:29:35", "end": "00:29:42", "text": "largely the most used stable coin for"}, {"start": "00:29:39", "end": "00:29:44", "text": "regulated type activities, buying and"}, {"start": "00:29:42", "end": "00:29:47", "text": "selling, moving assets. I think Tether"}, {"start": "00:29:44", "end": "00:29:49", "text": "is still more of an offshore unregulated"}, {"start": "00:29:47", "end": "00:29:52", "text": "entity. So, I'm actually bullish on"}, {"start": "00:29:49", "end": "00:29:54", "text": "Circle, especially in the age of agentic"}, {"start": "00:29:52", "end": "00:29:57", "text": "finance where these agents trading with"}, {"start": "00:29:54", "end": "00:29:59", "text": "agents need to make micro payments."}, {"start": "00:29:57", "end": "00:30:02", "text": "They're going to make it in stable coins"}, {"start": "00:29:59", "end": "00:30:05", "text": "and that's going to happen on Tether and"}, {"start": "00:30:02", "end": "00:30:07", "text": "USDC. Jeremy Aair, the CEO, put out a"}, {"start": "00:30:05", "end": "00:30:09", "text": "great primer on Aentic Finance. I would"}, {"start": "00:30:07", "end": "00:30:11", "text": "actually encourage people to watch it."}, {"start": "00:30:09", "end": "00:30:13", "text": "It came out earlier this week. So, I"}, {"start": "00:30:11", "end": "00:30:16", "text": "actually think it's not unis swap versus"}, {"start": "00:30:13", "end": "00:30:18", "text": "circle. It's really a question of will"}, {"start": "00:30:16", "end": "00:30:21", "text": "will they have the regulatory clarity to"}, {"start": "00:30:18", "end": "00:30:23", "text": "do what they need to do? And when assets"}, {"start": "00:30:21", "end": "00:30:25", "text": "become tokenized, it's going to become a"}, {"start": "00:30:23", "end": "00:30:27", "text": "righteous cycle for both of them."}, {"start": "00:30:25", "end": "00:30:30", "text": ">> Yeah, for sure. Well, you look at Robin"}, {"start": "00:30:27", "end": "00:30:33", "text": "Hood and just their 24-hour DEX volume."}, {"start": "00:30:30", "end": "00:30:34", "text": "This is insane, these kind of numbers."}, {"start": "00:30:33", "end": "00:30:36", "text": "But it just shows you the appetite that"}, {"start": "00:30:34", "end": "00:30:38", "text": "we're looking at right now. And"}, {"start": "00:30:36", "end": "00:30:40", "text": "remember, Robin Hood is doing all of"}, {"start": "00:30:38", "end": "00:30:43", "text": "this on GUSD. So, I'm kind of curious."}, {"start": "00:30:40", "end": "00:30:45", "text": "Do you think we would see that stable"}, {"start": "00:30:43", "end": "00:30:47", "text": "coin really start to rise up the ranks?"}, {"start": "00:30:45", "end": "00:30:50", "text": "Could it be one of the top two or three?"}, {"start": "00:30:47", "end": "00:30:53", "text": ">> I I think so. I think, you know, stable"}, {"start": "00:30:50", "end": "00:30:56", "text": "coins on the venues where people are"}, {"start": "00:30:53", "end": "00:31:00", "text": "transacting, that's in hype. It's in"}, {"start": "00:30:56", "end": "00:31:01", "text": "Uniswap. Uh it's in Robin Hood. The real"}, {"start": "00:31:00", "end": "00:31:03", "text": "question is are they going to be open"}, {"start": "00:31:01", "end": "00:31:05", "text": "infrastructure and architecture and"}, {"start": "00:31:03", "end": "00:31:06", "text": "allow any stable coin to operate? I"}, {"start": "00:31:05", "end": "00:31:09", "text": "believe they will."}, {"start": "00:31:06", "end": "00:31:11", "text": ">> Or will they do things to give"}, {"start": "00:31:09", "end": "00:31:13", "text": "preference to their own corporate stable"}, {"start": "00:31:11", "end": "00:31:14", "text": "coins? And I think we're in a a very"}, {"start": "00:31:13", "end": "00:31:17", "text": "important moment in the stable coin"}, {"start": "00:31:14", "end": "00:31:19", "text": "adoption space. Is this going to go into"}, {"start": "00:31:17", "end": "00:31:21", "text": "a world of igopoly where there's three"}, {"start": "00:31:19", "end": "00:31:24", "text": "of them? They dominate it like every"}, {"start": "00:31:21", "end": "00:31:25", "text": "other tech trend we've ever seen or is"}, {"start": "00:31:24", "end": "00:31:27", "text": "every corporate gonna have their own"}, {"start": "00:31:25", "end": "00:31:29", "text": "stable coin with preferred access and"}, {"start": "00:31:27", "end": "00:31:32", "text": "yield if you're working in their app."}, {"start": "00:31:29", "end": "00:31:35", "text": "And I think that battle has not been"}, {"start": "00:31:32", "end": "00:31:38", "text": "decided. That said, the top two stable"}, {"start": "00:31:35", "end": "00:31:41", "text": "coins are probably 90% of all"}, {"start": "00:31:38", "end": "00:31:43", "text": "transaction volume. It's history is"}, {"start": "00:31:41", "end": "00:31:45", "text": "still going to be written as to whether"}, {"start": "00:31:43", "end": "00:31:47", "text": "this is going to become uh something"}, {"start": "00:31:45", "end": "00:31:49", "text": "that is distributed or is it going to be"}, {"start": "00:31:47", "end": "00:31:51", "text": "highly concentrated like every other"}, {"start": "00:31:49", "end": "00:31:53", "text": "tech tech trend we've seen over the last"}, {"start": "00:31:51", "end": "00:31:55", "text": "two decades?"}, {"start": "00:31:53", "end": "00:31:58", "text": ">> Yeah. And just for clarity, I'm talking"}, {"start": "00:31:55", "end": "00:31:59", "text": "about USDG uh with Robin Hood in terms"}, {"start": "00:31:58", "end": "00:32:00", "text": "of the stable coin side of things."}, {"start": "00:31:59", "end": "00:32:04", "text": ">> Yeah."}, {"start": "00:32:00", "end": "00:32:07", "text": ">> Um a lot of activity around the idea of"}, {"start": "00:32:04", "end": "00:32:09", "text": "uh equity. Okay. And this is getting"}, {"start": "00:32:07", "end": "00:32:11", "text": "larger and larger. the demand on it is"}, {"start": "00:32:09", "end": "00:32:14", "text": "getting more integrated. We're going to"}, {"start": "00:32:11", "end": "00:32:15", "text": "see more projects coming out on this. Uh"}, {"start": "00:32:14", "end": "00:32:18", "text": "this of course is another one that's"}, {"start": "00:32:15", "end": "00:32:20", "text": "starting to launch which is a project"}, {"start": "00:32:18", "end": "00:32:22", "text": "called Cass and we've talked about this"}, {"start": "00:32:20", "end": "00:32:24", "text": "one before but now we're starting to see"}, {"start": "00:32:22", "end": "00:32:26", "text": "equity tokens"}, {"start": "00:32:24", "end": "00:32:29", "text": "starting to show up in very interesting"}, {"start": "00:32:26", "end": "00:32:31", "text": "places and even now where we may see"}, {"start": "00:32:29", "end": "00:32:34", "text": "native tokens come out with an equity"}, {"start": "00:32:31", "end": "00:32:36", "text": "architecture within it. Do you think"}, {"start": "00:32:34", "end": "00:32:37", "text": "equity season has begun especially with"}, {"start": "00:32:36", "end": "00:32:40", "text": "everything that's happening with unis"}, {"start": "00:32:37", "end": "00:32:42", "text": "swap most likely maybe down the road"}, {"start": "00:32:40", "end": "00:32:44", "text": "with hyperlquid etc. How do you see this"}, {"start": "00:32:42", "end": "00:32:46", "text": "playing out?"}, {"start": "00:32:44", "end": "00:32:47", "text": ">> Well, there's two equity stories. One is"}, {"start": "00:32:46", "end": "00:32:51", "text": "in the token space and I think it's fair"}, {"start": "00:32:47", "end": "00:32:54", "text": "to say that we haven't had a token"}, {"start": "00:32:51", "end": "00:32:56", "text": "launch that's been highly successful in"}, {"start": "00:32:54", "end": "00:32:59", "text": "the last several years. The vast"}, {"start": "00:32:56", "end": "00:33:01", "text": "majority of token launches are down 95"}, {"start": "00:32:59", "end": "00:33:03", "text": "plus percent. Because there's no"}, {"start": "00:33:01", "end": "00:33:05", "text": "alignment of interest between the labs"}, {"start": "00:33:03", "end": "00:33:07", "text": "or company that owns the equity and the"}, {"start": "00:33:05", "end": "00:33:09", "text": "token holders and the distributed"}, {"start": "00:33:07", "end": "00:33:11", "text": "governance has been really challenging."}, {"start": "00:33:09", "end": "00:33:14", "text": "I think you're going to go back to the"}, {"start": "00:33:11", "end": "00:33:17", "text": "standard VC model where someone raises"}, {"start": "00:33:14", "end": "00:33:19", "text": "capital, it's in the form of equity and"}, {"start": "00:33:17", "end": "00:33:21", "text": "they live or die based on the revenue"}, {"start": "00:33:19", "end": "00:33:24", "text": "they produce. because I think we've seen"}, {"start": "00:33:21", "end": "00:33:26", "text": "zombie protocols who raised massive"}, {"start": "00:33:24", "end": "00:33:28", "text": "amounts of tokens but actually don't"}, {"start": "00:33:26", "end": "00:33:31", "text": "have real business models but they're"}, {"start": "00:33:28", "end": "00:33:32", "text": "surviving nonetheless. Paul, the second"}, {"start": "00:33:31", "end": "00:33:34", "text": "story which we haven't talked about is"}, {"start": "00:33:32", "end": "00:33:36", "text": "tokenization of the world's equity"}, {"start": "00:33:34", "end": "00:33:38", "text": "markets. That's a different equity"}, {"start": "00:33:36", "end": "00:33:40", "text": "story. I actually think you're going to"}, {"start": "00:33:38", "end": "00:33:43", "text": "start seeing most public companies"}, {"start": "00:33:40", "end": "00:33:45", "text": "tokenized over the next couple of years"}, {"start": "00:33:43", "end": "00:33:47", "text": "and you'll have a better experience"}, {"start": "00:33:45", "end": "00:33:51", "text": "owning the tokenized version because you"}, {"start": "00:33:47", "end": "00:33:53", "text": "can trade it 24/7 on chain on a"}, {"start": "00:33:51", "end": "00:33:57", "text": "centralized exchange or soon on on"}, {"start": "00:33:53", "end": "00:33:58", "text": "NASDAQ or New York Stock Exchange. So"}, {"start": "00:33:57", "end": "00:34:00", "text": "when there's a war declared on a Friday"}, {"start": "00:33:58", "end": "00:34:02", "text": "night and you want to express your view"}, {"start": "00:34:00", "end": "00:34:05", "text": "that you want to sell a stock, you don't"}, {"start": "00:34:02", "end": "00:34:08", "text": "have to wait till Monday. So I think the"}, {"start": "00:34:05", "end": "00:34:09", "text": "token DeFi story is really challenged"}, {"start": "00:34:08", "end": "00:34:12", "text": "and I think you're going to go back to"}, {"start": "00:34:09", "end": "00:34:14", "text": "the VC model. Tokenized equities in the"}, {"start": "00:34:12", "end": "00:34:16", "text": "hands of most investors to me is the"}, {"start": "00:34:14", "end": "00:34:19", "text": "bigger story. It's there's $ 160"}, {"start": "00:34:16", "end": "00:34:21", "text": "trillion of public equities that are"}, {"start": "00:34:19", "end": "00:34:23", "text": "waiting to be tokenized."}, {"start": "00:34:21", "end": "00:34:25", "text": ">> Well, interesting analysis there. I'm"}, {"start": "00:34:23", "end": "00:34:26", "text": "going to obviously we're paying very"}, {"start": "00:34:25", "end": "00:34:28", "text": "close attention to this as we watch many"}, {"start": "00:34:26", "end": "00:34:30", "text": "of these projects kind of going this"}, {"start": "00:34:28", "end": "00:34:32", "text": "direction. So we'll see how that lands"}, {"start": "00:34:30", "end": "00:34:34", "text": "out. Joseph, it has been great having"}, {"start": "00:34:32", "end": "00:34:36", "text": "you on the show today. Thank you so much"}, {"start": "00:34:34", "end": "00:34:37", "text": "for coming in. We appreciate it."}, {"start": "00:34:36", "end": "00:34:40", "text": ">> Thank you, Paul. And I look forward to"}, {"start": "00:34:37", "end": "00:34:40", "text": "being back soon."}, {"start": "00:34:44", "end": "00:34:48", "text": ">> If you like this video, hit like and"}, {"start": "00:34:46", "end": "00:34:51", "text": "subscribe. Drop a comment down below and"}, {"start": "00:34:48", "end": "00:34:54", "text": "also join our free private member group."}, {"start": "00:34:51", "end": "00:34:54", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "the macro surge could be creating a"}, {"start": "00:00:02", "end": "00:00:06", "text": "little bit of a headwind and also"}, {"start": "00:00:04", "end": "00:00:07", "text": "Michael Sailor doing something kind of"}, {"start": "00:00:06", "end": "00:00:09", "text": "interesting. We're going to break it"}, {"start": "00:00:07", "end": "00:00:10", "text": "down for you guys today. I do want to of"}, {"start": "00:00:09", "end": "00:00:12", "text": "course thank our sponsor and that is"}, {"start": "00:00:10", "end": "00:00:15", "text": "iTrust Capital. For you guys to get into"}, {"start": "00:00:12", "end": "00:00:17", "text": "your own crypto IRA, make sure and use"}, {"start": "00:00:15", "end": "00:00:19", "text": "our link down below. This is of course a"}, {"start": "00:00:17", "end": "00:00:21", "text": "place where you guys can begin your"}, {"start": "00:00:19", "end": "00:00:23", "text": "journey of developing an IRA with your"}, {"start": "00:00:21", "end": "00:00:26", "text": "crypto and it works with almost any kind"}, {"start": "00:00:23", "end": "00:00:28", "text": "of digital asset out there. Bitcoin,"}, {"start": "00:00:26", "end": "00:00:30", "text": "Ethereum, pretty much anything on the"}, {"start": "00:00:28", "end": "00:00:32", "text": "list, you guys can do that, including"}, {"start": "00:00:30", "end": "00:00:35", "text": "gold and silver. So, set up your own"}, {"start": "00:00:32", "end": "00:00:37", "text": "IRA, get going, and make sure and start"}, {"start": "00:00:35", "end": "00:00:39", "text": "because I think a lot of people put it"}, {"start": "00:00:37", "end": "00:00:41", "text": "off. I get it. You're everybody"}, {"start": "00:00:39", "end": "00:00:44", "text": "Everybody's busy, but don't do that. Get"}, {"start": "00:00:41", "end": "00:00:46", "text": "going on it right now. Use our link down"}, {"start": "00:00:44", "end": "00:00:47", "text": "below and get a $100 funding reward when"}, {"start": "00:00:46", "end": "00:00:49", "text": "you get started. All right, let's jump"}, {"start": "00:00:47", "end": "00:00:51", "text": "over to a couple of tweets here to kind"}, {"start": "00:00:49", "end": "00:00:52", "text": "of lead off what's happening in the"}, {"start": "00:00:51", "end": "00:00:54", "text": "market right now. There's a lot of data"}, {"start": "00:00:52", "end": "00:00:57", "text": "coming out. You've got, of course, seven"}, {"start": "00:00:54", "end": "00:00:59", "text": "major data releases this week. The CPI"}, {"start": "00:00:57", "end": "00:01:02", "text": "comes in on Tuesday. We're seeing an"}, {"start": "00:00:59", "end": "00:01:05", "text": "expected of a 3.8 year-over-year, down"}, {"start": "00:01:02", "end": "00:01:08", "text": "from 4.2. That'll be interesting. PPI"}, {"start": "00:01:05", "end": "00:01:12", "text": "comes in on Wednesday. Expectation month"}, {"start": "00:01:08", "end": "00:01:14", "text": "over month down from 1.1. Retail sales"}, {"start": "00:01:12", "end": "00:01:16", "text": "hit. Initial job loss claims will hit."}, {"start": "00:01:14", "end": "00:01:18", "text": "Housing data will hit. Michigan consumer"}, {"start": "00:01:16", "end": "00:01:20", "text": "sentiment, which is an interesting one"}, {"start": "00:01:18", "end": "00:01:23", "text": "that you should keep your eyes on on"}, {"start": "00:01:20", "end": "00:01:26", "text": "July 17th. And then the Fed uh hits also"}, {"start": "00:01:23", "end": "00:01:29", "text": "on uh July 17th. So the point is is all"}, {"start": "00:01:26", "end": "00:01:32", "text": "this data is leaning into next week and"}, {"start": "00:01:29", "end": "00:01:35", "text": "that will be the second FOMC meeting by"}, {"start": "00:01:32", "end": "00:01:37", "text": "the Fed and everybody is wondering where"}, {"start": "00:01:35", "end": "00:01:40", "text": "that's going to be heading in terms of"}, {"start": "00:01:37", "end": "00:01:42", "text": "what the Fed might do. Delity also says"}, {"start": "00:01:40", "end": "00:01:45", "text": "that we could see a final drop around"}, {"start": "00:01:42", "end": "00:01:48", "text": "Bitcoin pushing it back down to under"}, {"start": "00:01:45", "end": "00:01:50", "text": "60K at a 565 rate here. It is possible."}, {"start": "00:01:48", "end": "00:01:52", "text": "This of course is according to their"}, {"start": "00:01:50", "end": "00:01:54", "text": "model uh and which is currently kind of"}, {"start": "00:01:52", "end": "00:01:56", "text": "in this accumulation phase and I think a"}, {"start": "00:01:54", "end": "00:01:58", "text": "lot of people that I've talked to"}, {"start": "00:01:56", "end": "00:01:59", "text": "they're buying Bitcoin they're doing it"}, {"start": "00:01:58", "end": "00:02:02", "text": "in you know a variety of dollar cost"}, {"start": "00:01:59", "end": "00:02:03", "text": "averaging strategies uh but let me know"}, {"start": "00:02:02", "end": "00:02:04", "text": "what you guys are doing. Are you"}, {"start": "00:02:03", "end": "00:02:06", "text": "actually buying Bitcoin right now"}, {"start": "00:02:04", "end": "00:02:08", "text": "because we saw a little bit of a pump"}, {"start": "00:02:06", "end": "00:02:11", "text": "over the last several days or are you"}, {"start": "00:02:08", "end": "00:02:13", "text": "holding for a potential pullback on the"}, {"start": "00:02:11", "end": "00:02:15", "text": "market? Stable coin market also shrinks"}, {"start": "00:02:13", "end": "00:02:18", "text": "a little bit by 7.7 billion. Not that"}, {"start": "00:02:15", "end": "00:02:21", "text": "that's a lot, but for stable coins to"}, {"start": "00:02:18", "end": "00:02:23", "text": "actually fall, that is an intriguing"}, {"start": "00:02:21", "end": "00:02:25", "text": "data point. So, think about that. It"}, {"start": "00:02:23", "end": "00:02:28", "text": "could be signaling a little bit more"}, {"start": "00:02:25", "end": "00:02:31", "text": "weaker liquidity and I think also could"}, {"start": "00:02:28", "end": "00:02:34", "text": "be signaling that maybe even some of the"}, {"start": "00:02:31", "end": "00:02:36", "text": "stalwarts of investing in digital assets"}, {"start": "00:02:34", "end": "00:02:38", "text": "are starting to exit for other asset"}, {"start": "00:02:36", "end": "00:02:39", "text": "classes. So, let me know. Are you guys"}, {"start": "00:02:38", "end": "00:02:42", "text": "holding stable coins and continuing to"}, {"start": "00:02:39", "end": "00:02:44", "text": "try to pull those yields? Some more news"}, {"start": "00:02:42", "end": "00:02:46", "text": "over the weekend. Of course, all eyes"}, {"start": "00:02:44", "end": "00:02:49", "text": "are on the straight of Hormuz. Iran is"}, {"start": "00:02:46", "end": "00:02:50", "text": "holding the keys and from that we are"}, {"start": "00:02:49", "end": "00:02:53", "text": "seeing a little bit of stock movement"}, {"start": "00:02:50", "end": "00:02:58", "text": "with the S&P 500 down just a slight bit,"}, {"start": "00:02:53", "end": "00:03:01", "text": "NASDAQ down.3, Dow Jones down.1, crude"}, {"start": "00:02:58", "end": "00:03:03", "text": "up three, and then Brent and gold also"}, {"start": "00:03:01", "end": "00:03:06", "text": "coming in with a little bit of stress in"}, {"start": "00:03:03", "end": "00:03:07", "text": "terms of the overall market. And if you"}, {"start": "00:03:06", "end": "00:03:09", "text": "look at this, you've got it coming from"}, {"start": "00:03:07", "end": "00:03:11", "text": "a lot of different angles. You've got"}, {"start": "00:03:09", "end": "00:03:14", "text": "Houthie officials now announcing that"}, {"start": "00:03:11", "end": "00:03:17", "text": "their their particular uh area in terms"}, {"start": "00:03:14", "end": "00:03:19", "text": "of how they control certain flow of"}, {"start": "00:03:17", "end": "00:03:21", "text": "energy is also going to get more"}, {"start": "00:03:19", "end": "00:03:24", "text": "pressure which means that they are"}, {"start": "00:03:21", "end": "00:03:28", "text": "anticipating a $200 per barrel price."}, {"start": "00:03:24", "end": "00:03:29", "text": "Now that is a big announcement if it can"}, {"start": "00:03:28", "end": "00:03:32", "text": "actually come true. That would be a huge"}, {"start": "00:03:29", "end": "00:03:35", "text": "issue for the US, but more importantly,"}, {"start": "00:03:32", "end": "00:03:38", "text": "that would be a huge issue for a lot of"}, {"start": "00:03:35", "end": "00:03:41", "text": "our allies, including what would happen"}, {"start": "00:03:38", "end": "00:03:43", "text": "in China. So, I know Trump is going to"}, {"start": "00:03:41", "end": "00:03:44", "text": "be meeting with Xi later this month."}, {"start": "00:03:43", "end": "00:03:46", "text": "That'll be interesting. I think this is"}, {"start": "00:03:44", "end": "00:03:48", "text": "going to be on the top of the uh"}, {"start": "00:03:46", "end": "00:03:50", "text": "question mark overall. So, speaking of"}, {"start": "00:03:48", "end": "00:03:54", "text": "Trump, here's a phone call that pretty"}, {"start": "00:03:50", "end": "00:03:55", "text": "much got markets a little bit skittish."}, {"start": "00:03:54", "end": "00:03:57", "text": "Take a look."}, {"start": "00:03:55", "end": "00:03:59", "text": ">> But we had a deal. What nobody knows. We"}, {"start": "00:03:57", "end": "00:04:01", "text": "had a deal. It was a done deal and then"}, {"start": "00:03:59", "end": "00:04:04", "text": "they broke it. They always break it."}, {"start": "00:04:01", "end": "00:04:05", "text": "We've had 10 deals with these people and"}, {"start": "00:04:04", "end": "00:04:07", "text": "so we're just going to hit them very"}, {"start": "00:04:05", "end": "00:04:09", "text": "hard and we're going to we're going to"}, {"start": "00:04:07", "end": "00:04:11", "text": "keep the uh straight and we'll probably"}, {"start": "00:04:09", "end": "00:04:13", "text": "run it. We'll become the guardian of the"}, {"start": "00:04:11", "end": "00:04:15", "text": "straight. Maybe we'll call it the"}, {"start": "00:04:13", "end": "00:04:16", "text": "guardian angel of the straight"}, {"start": "00:04:15", "end": "00:04:18", "text": ">> and we should be reimbursed for that."}, {"start": "00:04:16", "end": "00:04:19", "text": "When we do that, we're going to be"}, {"start": "00:04:18", "end": "00:04:22", "text": "reimbursed because the other nations are"}, {"start": "00:04:19", "end": "00:04:23", "text": "very wealthy. They're on our side and"}, {"start": "00:04:22", "end": "00:04:24", "text": "now we're going to guard it. We're going"}, {"start": "00:04:23", "end": "00:04:28", "text": "to get paid for guarding it. a lot of"}, {"start": "00:04:24", "end": "00:04:29", "text": "money, but we just want to be reimbursed"}, {"start": "00:04:28", "end": "00:04:31", "text": "for doing all of this, for putting our"}, {"start": "00:04:29", "end": "00:04:32", "text": "people in danger,"}, {"start": "00:04:31", "end": "00:04:34", "text": ">> but we're really not putting people,"}, {"start": "00:04:32", "end": "00:04:36", "text": "we're really saving people."}, {"start": "00:04:34", "end": "00:04:38", "text": ">> All right. So, when you look at the"}, {"start": "00:04:36", "end": "00:04:40", "text": "straight of Hormuz traffic uh returning"}, {"start": "00:04:38", "end": "00:04:42", "text": "to normal by December, this is pretty"}, {"start": "00:04:40", "end": "00:04:46", "text": "much fallen to where are we at right"}, {"start": "00:04:42", "end": "00:04:47", "text": "now? 59% chance. This is low. And I"}, {"start": "00:04:46", "end": "00:04:50", "text": "think if you look at August right there,"}, {"start": "00:04:47", "end": "00:04:52", "text": "it's a 16. This is kind of the the big"}, {"start": "00:04:50", "end": "00:04:55", "text": "one right now. there's basically no"}, {"start": "00:04:52", "end": "00:04:56", "text": "near-term possibility that this is going"}, {"start": "00:04:55", "end": "00:04:58", "text": "to happen by the end of the year maybe"}, {"start": "00:04:56", "end": "00:05:00", "text": "if something goes on where they can get"}, {"start": "00:04:58", "end": "00:05:03", "text": "a deal and I think the pressure is going"}, {"start": "00:05:00", "end": "00:05:06", "text": "to really mount from mostly European"}, {"start": "00:05:03", "end": "00:05:08", "text": "countries because and also to the US for"}, {"start": "00:05:06", "end": "00:05:10", "text": "a certain extent because you've got a"}, {"start": "00:05:08", "end": "00:05:12", "text": "situation now brewing where the US is"}, {"start": "00:05:10", "end": "00:05:14", "text": "starting to see a lot of pressure on its"}, {"start": "00:05:12", "end": "00:05:17", "text": "own oil reserves. Speaking of that, here"}, {"start": "00:05:14", "end": "00:05:19", "text": "is the data right here. Uh Wall Street"}, {"start": "00:05:17", "end": "00:05:21", "text": "Journal puts out US strategic petroleum"}, {"start": "00:05:19", "end": "00:05:23", "text": "reserve right now the SPR lowest since"}, {"start": "00:05:21", "end": "00:05:25", "text": "1983."}, {"start": "00:05:23", "end": "00:05:29", "text": "Most of you guys weren't even around in"}, {"start": "00:05:25", "end": "00:05:31", "text": "1983 but that's how low it is. So this"}, {"start": "00:05:29", "end": "00:05:34", "text": "will be a factor and it will start to"}, {"start": "00:05:31", "end": "00:05:36", "text": "hit the gas pump if in fact this has to"}, {"start": "00:05:34", "end": "00:05:39", "text": "continue sucking out of the reserve. How"}, {"start": "00:05:36", "end": "00:05:41", "text": "much of an impact that has short term is"}, {"start": "00:05:39", "end": "00:05:44", "text": "the question. Do do we start to truly"}, {"start": "00:05:41", "end": "00:05:45", "text": "see a impact on energy costs in the next"}, {"start": "00:05:44", "end": "00:05:48", "text": "few months? Because remember there's"}, {"start": "00:05:45", "end": "00:05:50", "text": "something very important happening in"}, {"start": "00:05:48", "end": "00:05:54", "text": "November and that of course is the"}, {"start": "00:05:50", "end": "00:05:55", "text": "midterms and if we see $5 a gallon gas"}, {"start": "00:05:54", "end": "00:05:58", "text": "on regular"}, {"start": "00:05:55", "end": "00:05:59", "text": "that would be very troublesome I think"}, {"start": "00:05:58", "end": "00:06:02", "text": "for the Republicans and right now"}, {"start": "00:05:59", "end": "00:06:04", "text": "they're hinging on retaining the Senate."}, {"start": "00:06:02", "end": "00:06:07", "text": "So this is a big deal. You can kind of"}, {"start": "00:06:04", "end": "00:06:10", "text": "see the current uh crude oil WTI West"}, {"start": "00:06:07", "end": "00:06:13", "text": "Texas crude. What is surprising to me is"}, {"start": "00:06:10", "end": "00:06:15", "text": "we have not seen more of a of a spike."}, {"start": "00:06:13", "end": "00:06:16", "text": "Now, part of this is probably because of"}, {"start": "00:06:15", "end": "00:06:19", "text": "the oil reserves that we currently have"}, {"start": "00:06:16", "end": "00:06:21", "text": "in captivity, but the real question is"}, {"start": "00:06:19", "end": "00:06:24", "text": "is what is the forward thinking here if"}, {"start": "00:06:21", "end": "00:06:27", "text": "we're trying to consider repopulating"}, {"start": "00:06:24", "end": "00:06:29", "text": "that reserve. So, this is where it's"}, {"start": "00:06:27", "end": "00:06:32", "text": "going to get very uh I think problematic"}, {"start": "00:06:29", "end": "00:06:34", "text": "for the US if something does not happen"}, {"start": "00:06:32", "end": "00:06:36", "text": "soon. All right, so I want to jump to a"}, {"start": "00:06:34", "end": "00:06:38", "text": "clip real quick. This is where markets"}, {"start": "00:06:36", "end": "00:06:40", "text": "are not believing that this is going to"}, {"start": "00:06:38", "end": "00:06:42", "text": "go much longer. Take a look. impacting"}, {"start": "00:06:40", "end": "00:06:44", "text": "markets. You're looking at oil up a bit"}, {"start": "00:06:42", "end": "00:06:46", "text": "but actually not a shocking amount. What"}, {"start": "00:06:44", "end": "00:06:49", "text": "do you see driving all this?"}, {"start": "00:06:46", "end": "00:06:50", "text": ">> So it is having some spillover effect"}, {"start": "00:06:49", "end": "00:06:53", "text": "but they're very contained. I think"}, {"start": "00:06:50", "end": "00:06:55", "text": "there's two reasons for this. One is the"}, {"start": "00:06:53", "end": "00:06:57", "text": "markets deeply believe that these"}, {"start": "00:06:55", "end": "00:06:59", "text": "skirmishes are going to just remain"}, {"start": "00:06:57", "end": "00:07:01", "text": "skirmishes. It's not going to evolve"}, {"start": "00:06:59", "end": "00:07:03", "text": "into outright conflict yet again. It's"}, {"start": "00:07:01", "end": "00:07:05", "text": "not going to evolve into a long-term"}, {"start": "00:07:03", "end": "00:07:06", "text": "closure of the strait. And then the"}, {"start": "00:07:05", "end": "00:07:09", "text": "second issue is there's so much else to"}, {"start": "00:07:06", "end": "00:07:11", "text": "focus on and most of what else you have"}, {"start": "00:07:09", "end": "00:07:12", "text": "to focus on is positive. So you put"}, {"start": "00:07:11", "end": "00:07:15", "text": "these two things together and the market"}, {"start": "00:07:12", "end": "00:07:18", "text": "says okay I am going to reflect this in"}, {"start": "00:07:15", "end": "00:07:21", "text": "brand going to high7s but I'm not going"}, {"start": "00:07:18", "end": "00:07:23", "text": "to take it to high 80s or 90s which is"}, {"start": "00:07:21", "end": "00:07:24", "text": "where it would be if you believe that"}, {"start": "00:07:23", "end": "00:07:25", "text": "this is going to be much bigger than"}, {"start": "00:07:24", "end": "00:07:26", "text": "what it is."}, {"start": "00:07:25", "end": "00:07:28", "text": ">> Do you think that's the right call?"}, {"start": "00:07:26", "end": "00:07:31", "text": ">> I do. What's driving equity prices is"}, {"start": "00:07:28", "end": "00:07:33", "text": "this belief that when you look at the"}, {"start": "00:07:31", "end": "00:07:35", "text": "transformations ahead, the US will"}, {"start": "00:07:33", "end": "00:07:37", "text": "continuously outperform the rest of the"}, {"start": "00:07:35", "end": "00:07:39", "text": "world. And I think that is a correct"}, {"start": "00:07:37", "end": "00:07:41", "text": "assessment. Now, how much will they"}, {"start": "00:07:39", "end": "00:07:42", "text": "outperform in absolute sense as opposed"}, {"start": "00:07:41", "end": "00:07:44", "text": "to relative sense? That's harder to"}, {"start": "00:07:42", "end": "00:07:47", "text": "tell, but I have no doubt they're going"}, {"start": "00:07:44", "end": "00:07:48", "text": "to outperform in relative sense."}, {"start": "00:07:47", "end": "00:07:51", "text": ">> All right. So a couple of points there"}, {"start": "00:07:48", "end": "00:07:54", "text": "that Muhammad was getting at to first"}, {"start": "00:07:51", "end": "00:07:56", "text": "point is that the US still has kind of"}, {"start": "00:07:54", "end": "00:07:58", "text": "its kingpin position in terms of"}, {"start": "00:07:56", "end": "00:08:01", "text": "performance and I think that would hold"}, {"start": "00:07:58", "end": "00:08:04", "text": "true. However, when you look at energy"}, {"start": "00:08:01", "end": "00:08:06", "text": "being one of the core staples of the US"}, {"start": "00:08:04", "end": "00:08:08", "text": "economy, I think this is a much bigger"}, {"start": "00:08:06", "end": "00:08:10", "text": "issue. Now whether I agree with him"}, {"start": "00:08:08", "end": "00:08:12", "text": "saying that maybe investors are not"}, {"start": "00:08:10", "end": "00:08:13", "text": "looking at it just yet as a threat, I"}, {"start": "00:08:12", "end": "00:08:16", "text": "think the point they have to look at"}, {"start": "00:08:13", "end": "00:08:18", "text": "down the road is what if? And I think a"}, {"start": "00:08:16", "end": "00:08:19", "text": "lot of investors are already kind of"}, {"start": "00:08:18", "end": "00:08:22", "text": "pushing in that direction because we"}, {"start": "00:08:19", "end": "00:08:24", "text": "haven't seen uh what we have seen in the"}, {"start": "00:08:22", "end": "00:08:27", "text": "past which is a much more aggressive S&P"}, {"start": "00:08:24", "end": "00:08:29", "text": "500 on a growth chart. So where we are"}, {"start": "00:08:27", "end": "00:08:31", "text": "right now kind of bulls into what's"}, {"start": "00:08:29", "end": "00:08:33", "text": "happening in the 10-year 10-year yield"}, {"start": "00:08:31", "end": "00:08:36", "text": "also increased three basis points up to"}, {"start": "00:08:33", "end": "00:08:38", "text": "4.55. This is the highest since May."}, {"start": "00:08:36", "end": "00:08:40", "text": "This may have another factor that plays"}, {"start": "00:08:38", "end": "00:08:44", "text": "into this. And I've got a clip here that"}, {"start": "00:08:40", "end": "00:08:47", "text": "I want to kind of go to because Muhammad"}, {"start": "00:08:44", "end": "00:08:50", "text": "gets into how this will have other"}, {"start": "00:08:47", "end": "00:08:52", "text": "impact, meaning the the issue in Iran"}, {"start": "00:08:50", "end": "00:08:54", "text": "and especially the strait, how this will"}, {"start": "00:08:52", "end": "00:08:56", "text": "have much more impact maybe in other"}, {"start": "00:08:54", "end": "00:08:58", "text": "areas. So take a look."}, {"start": "00:08:56", "end": "00:09:01", "text": ">> If you look at the traditional sources"}, {"start": "00:08:58", "end": "00:09:02", "text": "of funding for tech in particular, which"}, {"start": "00:09:01", "end": "00:09:04", "text": "is the Middle East,"}, {"start": "00:09:02", "end": "00:09:05", "text": ">> they will not be as forthcoming as"}, {"start": "00:09:04", "end": "00:09:08", "text": "they've been in the past. that have got"}, {"start": "00:09:05", "end": "00:09:08", "text": "a lot of local demands for funds right"}, {"start": "00:09:08", "end": "00:09:09", "text": "now"}, {"start": "00:09:08", "end": "00:09:10", "text": ">> because of the war that's happening"}, {"start": "00:09:09", "end": "00:09:12", "text": "right now."}, {"start": "00:09:10", "end": "00:09:14", "text": ">> Correct. Because massive reconstruction"}, {"start": "00:09:12", "end": "00:09:16", "text": "and also like everybody else they"}, {"start": "00:09:14", "end": "00:09:19", "text": "realize that they need more resilience."}, {"start": "00:09:16", "end": "00:09:21", "text": "So if you look the sources of funding is"}, {"start": "00:09:19", "end": "00:09:24", "text": "a little bit less. The uses of funds is"}, {"start": "00:09:21", "end": "00:09:26", "text": "a lot more and the only way you get this"}, {"start": "00:09:24", "end": "00:09:29", "text": "to to equal without a recession or"}, {"start": "00:09:26", "end": "00:09:30", "text": "anything awful is higher yields."}, {"start": "00:09:29", "end": "00:09:31", "text": ">> That should be reflected in the stock"}, {"start": "00:09:30", "end": "00:09:33", "text": "prices. No,"}, {"start": "00:09:31", "end": "00:09:36", "text": ">> I think people are now realizing two"}, {"start": "00:09:33", "end": "00:09:39", "text": "things. one is it's more expensive than"}, {"start": "00:09:36", "end": "00:09:41", "text": "we thought and two not everybody's going"}, {"start": "00:09:39", "end": "00:09:43", "text": "to win. So the venture capitalist"}, {"start": "00:09:41", "end": "00:09:45", "text": "mindset is starting to set in and that's"}, {"start": "00:09:43", "end": "00:09:46", "text": "why you see a bit more caution in terms"}, {"start": "00:09:45", "end": "00:09:50", "text": "of investors."}, {"start": "00:09:46", "end": "00:09:51", "text": ">> I think Kevin Worsh needs a move up to"}, {"start": "00:09:50", "end": "00:09:52", "text": "actually do some of the things that he"}, {"start": "00:09:51", "end": "00:09:53", "text": "wants to do"}, {"start": "00:09:52", "end": "00:09:54", "text": ">> like"}, {"start": "00:09:53", "end": "00:09:56", "text": ">> well it depends what you think he wants"}, {"start": "00:09:54", "end": "00:09:59", "text": "to do with with with rates."}, {"start": "00:09:56", "end": "00:10:01", "text": ">> There's two issues. The economic payoff"}, {"start": "00:09:59", "end": "00:10:04", "text": "in terms of productivity is going to be"}, {"start": "00:10:01", "end": "00:10:06", "text": "significant. What you don't know is how"}, {"start": "00:10:04", "end": "00:10:08", "text": "many of these companies are going to"}, {"start": "00:10:06", "end": "00:10:11", "text": "ultimately succeed. So if you ask me on"}, {"start": "00:10:08", "end": "00:10:13", "text": "average is the market fairly priced I"}, {"start": "00:10:11", "end": "00:10:16", "text": "say yes individual names then I'll say"}, {"start": "00:10:13", "end": "00:10:17", "text": "to you who's going to win."}, {"start": "00:10:16", "end": "00:10:19", "text": ">> All right. So he points to a couple of"}, {"start": "00:10:17", "end": "00:10:22", "text": "things and and I think he might be right"}, {"start": "00:10:19", "end": "00:10:24", "text": "there in the sense that if you look at"}, {"start": "00:10:22", "end": "00:10:27", "text": "the market in general maybe there isn't"}, {"start": "00:10:24", "end": "00:10:29", "text": "pressure here for a rate hike but there"}, {"start": "00:10:27", "end": "00:10:31", "text": "are going to be a certain subset of"}, {"start": "00:10:29", "end": "00:10:32", "text": "companies that win. Listen, this has"}, {"start": "00:10:31", "end": "00:10:34", "text": "already happened before. It's happened"}, {"start": "00:10:32", "end": "00:10:36", "text": "in the era of the internet. It's"}, {"start": "00:10:34", "end": "00:10:38", "text": "happened in the era of mobile. And there"}, {"start": "00:10:36", "end": "00:10:39", "text": "are winners and losers. And there's"}, {"start": "00:10:38", "end": "00:10:41", "text": "going to be winners and losers. And I"}, {"start": "00:10:39", "end": "00:10:43", "text": "think the market is trying to figure it"}, {"start": "00:10:41", "end": "00:10:45", "text": "out. The problem is is that right now"}, {"start": "00:10:43", "end": "00:10:47", "text": "the market isn't quite sure. We've seen"}, {"start": "00:10:45", "end": "00:10:49", "text": "SpaceX pull back. Anthropic has slowed"}, {"start": "00:10:47", "end": "00:10:52", "text": "down. Obviously, OpenAI is dealing with"}, {"start": "00:10:49", "end": "00:10:54", "text": "its challenges. That I think has a lot"}, {"start": "00:10:52", "end": "00:10:56", "text": "of push on the hyperscalers"}, {"start": "00:10:54", "end": "00:10:57", "text": "irregardless of the fact that they're"}, {"start": "00:10:56", "end": "00:10:59", "text": "building their own electron electric"}, {"start": "00:10:57", "end": "00:11:01", "text": "plants next door. those kind of things"}, {"start": "00:10:59", "end": "00:11:03", "text": "that I think will maybe end up being a"}, {"start": "00:11:01", "end": "00:11:05", "text": "silver lining. I'll explain that a"}, {"start": "00:11:03", "end": "00:11:07", "text": "little bit later. But the point is is"}, {"start": "00:11:05", "end": "00:11:10", "text": "that it is going to push the Fed to make"}, {"start": "00:11:07", "end": "00:11:12", "text": "a decision. And the decision may come"}, {"start": "00:11:10", "end": "00:11:15", "text": "pretty early. They're looking at maybe"}, {"start": "00:11:12", "end": "00:11:17", "text": "October right now if a Fed rate hike was"}, {"start": "00:11:15", "end": "00:11:19", "text": "in order. And if you look at this right"}, {"start": "00:11:17", "end": "00:11:23", "text": "here, just from July 10th, that was"}, {"start": "00:11:19", "end": "00:11:27", "text": "three days ago guys, it went from 47%"}, {"start": "00:11:23", "end": "00:11:29", "text": "up to 66% holding in October. the"}, {"start": "00:11:27", "end": "00:11:32", "text": "October meeting is the one to keep a"}, {"start": "00:11:29", "end": "00:11:36", "text": "very close eye on if we continue to see"}, {"start": "00:11:32", "end": "00:11:38", "text": "macro pressures facing Kevin Walsh and"}, {"start": "00:11:36", "end": "00:11:39", "text": "the Fed. So, I don't know if we're going"}, {"start": "00:11:38", "end": "00:11:42", "text": "to see a rate hike, but it's right now"}, {"start": "00:11:39", "end": "00:11:44", "text": "looking as though we may. Uh, the other"}, {"start": "00:11:42", "end": "00:11:46", "text": "thing that you have to consider, the UAE"}, {"start": "00:11:44", "end": "00:11:48", "text": "is planning to build a new port, a new"}, {"start": "00:11:46", "end": "00:11:50", "text": "container terminal. All of this is"}, {"start": "00:11:48", "end": "00:11:52", "text": "happening right now, which means they're"}, {"start": "00:11:50", "end": "00:11:54", "text": "going to start flying away from tech"}, {"start": "00:11:52", "end": "00:11:56", "text": "companies here in terms of investment."}, {"start": "00:11:54", "end": "00:11:59", "text": "It's going to cost a lot of money to go"}, {"start": "00:11:56", "end": "00:12:01", "text": "in here and of course deal with what's"}, {"start": "00:11:59", "end": "00:12:03", "text": "happening in the straight of Hormuz."}, {"start": "00:12:01", "end": "00:12:07", "text": "Shipments then of course would be moved"}, {"start": "00:12:03", "end": "00:12:09", "text": "uh over land to Dubai. This is another"}, {"start": "00:12:07", "end": "00:12:11", "text": "factor that plays into this. Will there"}, {"start": "00:12:09", "end": "00:12:13", "text": "be some alternative routes? All this has"}, {"start": "00:12:11", "end": "00:12:14", "text": "been kind of in play. Even Saudi has"}, {"start": "00:12:13", "end": "00:12:17", "text": "already kind of gone this direction as"}, {"start": "00:12:14", "end": "00:12:19", "text": "well. But I just wonder how much is that"}, {"start": "00:12:17", "end": "00:12:21", "text": "going to cost? Because the cost that"}, {"start": "00:12:19", "end": "00:12:23", "text": "happens in the UAE and within those"}, {"start": "00:12:21", "end": "00:12:25", "text": "Middle East countries is you're going to"}, {"start": "00:12:23", "end": "00:12:27", "text": "be dealing with a pullback, a major"}, {"start": "00:12:25", "end": "00:12:30", "text": "pullback on investment in most of the"}, {"start": "00:12:27", "end": "00:12:33", "text": "tech community in Silicon Valley. That"}, {"start": "00:12:30", "end": "00:12:35", "text": "in itself may be a problem"}, {"start": "00:12:33", "end": "00:12:38", "text": "going forward. And if you look at that,"}, {"start": "00:12:35", "end": "00:12:40", "text": "Sky Hanx was SKH is a good example. This"}, {"start": "00:12:38", "end": "00:12:42", "text": "of course was the chipmaker that went"}, {"start": "00:12:40", "end": "00:12:44", "text": "public last week. straight up and"}, {"start": "00:12:42", "end": "00:12:46", "text": "straight back down. Which was very"}, {"start": "00:12:44", "end": "00:12:50", "text": "surprising to see that much of a"}, {"start": "00:12:46", "end": "00:12:53", "text": "pullback on a chip maker that is in the"}, {"start": "00:12:50", "end": "00:12:56", "text": "ripe market right now of making chips"}, {"start": "00:12:53", "end": "00:12:58", "text": "for a lot of driven technology that is"}, {"start": "00:12:56", "end": "00:13:00", "text": "really kind of making the next"}, {"start": "00:12:58", "end": "00:13:01", "text": "generation"}, {"start": "00:13:00", "end": "00:13:03", "text": "cost a lot more. And that's including"}, {"start": "00:13:01", "end": "00:13:05", "text": "everything from Apple to everything that"}, {"start": "00:13:03", "end": "00:13:07", "text": "we're doing on almost every electronic"}, {"start": "00:13:05", "end": "00:13:09", "text": "out there. So, this is another maybe"}, {"start": "00:13:07", "end": "00:13:12", "text": "indicator that we could see a little bit"}, {"start": "00:13:09", "end": "00:13:14", "text": "more pressure. SpaceX is another one. Of"}, {"start": "00:13:12", "end": "00:13:17", "text": "course, we saw that thing go to its"}, {"start": "00:13:14", "end": "00:13:19", "text": "all-time high, short all-time high, but"}, {"start": "00:13:17", "end": "00:13:22", "text": "again, now wrapping right back down to"}, {"start": "00:13:19", "end": "00:13:26", "text": "its essentially its market entry, uh,"}, {"start": "00:13:22", "end": "00:13:28", "text": "holding right now in that 130 to 135"}, {"start": "00:13:26", "end": "00:13:30", "text": "range. So, that in itself still puts a"}, {"start": "00:13:28", "end": "00:13:31", "text": "lot more pressure, I think, on the S&P"}, {"start": "00:13:30", "end": "00:13:34", "text": "and especially with what we're seeing in"}, {"start": "00:13:31", "end": "00:13:36", "text": "the AI sector. So I think that's why"}, {"start": "00:13:34", "end": "00:13:39", "text": "people are a little bit more skeptical."}, {"start": "00:13:36", "end": "00:13:41", "text": "Now what that could mean is rotation of"}, {"start": "00:13:39", "end": "00:13:43", "text": "capital. So how does that happen? Well,"}, {"start": "00:13:41", "end": "00:13:45", "text": "you've got Robin Hood even saying it"}, {"start": "00:13:43", "end": "00:13:47", "text": "here. We're in a very crypto time of our"}, {"start": "00:13:45", "end": "00:13:48", "text": "lives. And I think they see what's"}, {"start": "00:13:47", "end": "00:13:52", "text": "happening with Robin Hood chain, but"}, {"start": "00:13:48", "end": "00:13:54", "text": "also the potential here of a true"}, {"start": "00:13:52", "end": "00:13:57", "text": "rotational period where we may see"}, {"start": "00:13:54", "end": "00:14:00", "text": "assets much like what we saw going into"}, {"start": "00:13:57", "end": "00:14:02", "text": "AI starting to move out of uh some of"}, {"start": "00:14:00", "end": "00:14:04", "text": "the hyperscaler market and into crypto."}, {"start": "00:14:02", "end": "00:14:07", "text": "So maybe we're at the right time. We'll"}, {"start": "00:14:04", "end": "00:14:10", "text": "see. Strategy though, maybe setting this"}, {"start": "00:14:07", "end": "00:14:12", "text": "up and they're doing it by selling 400"}, {"start": "00:14:10", "end": "00:14:15", "text": "almost a half a billion dollars in Micro"}, {"start": "00:14:12", "end": "00:14:17", "text": "Strategy shares. And this of course"}, {"start": "00:14:15", "end": "00:14:19", "text": "means one thing. One, why did they need"}, {"start": "00:14:17", "end": "00:14:22", "text": "the money when they're go out taking"}, {"start": "00:14:19", "end": "00:14:25", "text": "these loans? Two, is there a plan here"}, {"start": "00:14:22", "end": "00:14:28", "text": "where Sailor is trying to set up a major"}, {"start": "00:14:25", "end": "00:14:31", "text": "Bitcoin purchase at the right time."}, {"start": "00:14:28", "end": "00:14:32", "text": "Maybe that is what's under under way"}, {"start": "00:14:31", "end": "00:14:35", "text": "here. I don't know. Let's jump over to"}, {"start": "00:14:32", "end": "00:14:38", "text": "ETFs for a moment. If you look at spot"}, {"start": "00:14:35", "end": "00:14:40", "text": "bitcoin ETF records, uh the 197 in terms"}, {"start": "00:14:38", "end": "00:14:44", "text": "of weekly 197 million in terms of weekly"}, {"start": "00:14:40", "end": "00:14:45", "text": "net inflows ended the 8week outflow"}, {"start": "00:14:44", "end": "00:14:47", "text": "streak. The question is, can we get two"}, {"start": "00:14:45", "end": "00:14:49", "text": "weeks in a row? Can we get maybe three"}, {"start": "00:14:47", "end": "00:14:52", "text": "weeks in a row? I don't know. Right now,"}, {"start": "00:14:49", "end": "00:14:54", "text": "Bitcoin starting to stall slightly. What"}, {"start": "00:14:52", "end": "00:14:57", "text": "are we trading at? Right around 62 as"}, {"start": "00:14:54", "end": "00:15:00", "text": "we're recording. So, that'll be a close"}, {"start": "00:14:57", "end": "00:15:02", "text": "close watch right now for Bitcoin ETFs."}, {"start": "00:15:00", "end": "00:15:05", "text": "ETH is pumping and you've got uh Trump"}, {"start": "00:15:02", "end": "00:15:07", "text": "here of course pumping it as well and"}, {"start": "00:15:05", "end": "00:15:09", "text": "that is moving ETH uh up quite a bit. We"}, {"start": "00:15:07", "end": "00:15:13", "text": "Evan and I talked about this last week."}, {"start": "00:15:09", "end": "00:15:15", "text": "ETH was our play. It is a curious time"}, {"start": "00:15:13", "end": "00:15:17", "text": "too because as we see a rotation ETH"}, {"start": "00:15:15", "end": "00:15:19", "text": "definitely outperforming Bitcoin right"}, {"start": "00:15:17", "end": "00:15:22", "text": "now, but maybe outperforming some of the"}, {"start": "00:15:19", "end": "00:15:24", "text": "other stars uh for the blue chip side of"}, {"start": "00:15:22", "end": "00:15:26", "text": "it as well. Are you guys in ETH? Let me"}, {"start": "00:15:24", "end": "00:15:28", "text": "know down in the comments. I always love"}, {"start": "00:15:26", "end": "00:15:31", "text": "to see if we are a Bitcoin audience, an"}, {"start": "00:15:28", "end": "00:15:33", "text": "ETH audience, a Salana audience. Are you"}, {"start": "00:15:31", "end": "00:15:35", "text": "a hype audience, a dupe audience? Let me"}, {"start": "00:15:33", "end": "00:15:38", "text": "know in the comments down below. Tom Lee"}, {"start": "00:15:35", "end": "00:15:40", "text": "is staying on track though, and that is"}, {"start": "00:15:38", "end": "00:15:42", "text": "BMR just updated the Ethereum holdings"}, {"start": "00:15:40", "end": "00:15:46", "text": "and they are continuing to drive into"}, {"start": "00:15:42", "end": "00:15:48", "text": "that 5% target. They are at 4.8% right"}, {"start": "00:15:46", "end": "00:15:51", "text": "now, the total Ethereum supply. This"}, {"start": "00:15:48", "end": "00:15:53", "text": "means a lot because remember, he is"}, {"start": "00:15:51", "end": "00:15:55", "text": "going out and earning money on all of"}, {"start": "00:15:53", "end": "00:15:58", "text": "that ETH that is out there. So his"}, {"start": "00:15:55", "end": "00:16:00", "text": "position continues to be very strong if"}, {"start": "00:15:58", "end": "00:16:01", "text": "you compare it to what's happening with"}, {"start": "00:16:00", "end": "00:16:04", "text": "strategy where they are having to really"}, {"start": "00:16:01", "end": "00:16:06", "text": "do a lot of strategy to try to get out"}, {"start": "00:16:04", "end": "00:16:08", "text": "of the current market that they are in"}, {"start": "00:16:06", "end": "00:16:11", "text": "right now with what micro strategy and"}, {"start": "00:16:08", "end": "00:16:13", "text": "of course stretch as well as the Bitcoin"}, {"start": "00:16:11", "end": "00:16:15", "text": "price. Tom Lee has a clip here that I"}, {"start": "00:16:13", "end": "00:16:17", "text": "think is interesting because he goes"}, {"start": "00:16:15", "end": "00:16:19", "text": "into the idea of what would happen what"}, {"start": "00:16:17", "end": "00:16:21", "text": "would what would break your thesis? What"}, {"start": "00:16:19", "end": "00:16:24", "text": "would have to happen for that to occur?"}, {"start": "00:16:21", "end": "00:16:26", "text": "Take a look. To me, Bitcoin will make a"}, {"start": "00:16:24", "end": "00:16:28", "text": "full recovery. You know, I I I believe"}, {"start": "00:16:26", "end": "00:16:30", "text": "you're going to see Bitcoin over 100,000"}, {"start": "00:16:28", "end": "00:16:33", "text": "by the end of the year and Ethereum, you"}, {"start": "00:16:30", "end": "00:16:34", "text": "know, back to over 5,000. So, I, you"}, {"start": "00:16:33", "end": "00:16:37", "text": "know, I think investors patience is"}, {"start": "00:16:34", "end": "00:16:38", "text": "clearly tested, uh, because we've, I"}, {"start": "00:16:37", "end": "00:16:40", "text": "think Bitcoin's been down three quarters"}, {"start": "00:16:38", "end": "00:16:41", "text": "in a row, but I think it's never been"}, {"start": "00:16:40", "end": "00:16:43", "text": "down four quarters in a row. So, this"}, {"start": "00:16:41", "end": "00:16:45", "text": "would be a test that if they don't"}, {"start": "00:16:43", "end": "00:16:47", "text": "bounce from June to September, then"}, {"start": "00:16:45", "end": "00:16:48", "text": "you're right, maybe something's broken."}, {"start": "00:16:47", "end": "00:16:51", "text": ">> Is there a price point at which you"}, {"start": "00:16:48", "end": "00:16:54", "text": "would say yes, it is broken? I think"}, {"start": "00:16:51", "end": "00:16:57", "text": "Bitcoin is uh like 5% below production"}, {"start": "00:16:54", "end": "00:17:00", "text": "cost right now. If Bitcoin falls below"}, {"start": "00:16:57", "end": "00:17:03", "text": "50% of production cost, it means just"}, {"start": "00:17:00", "end": "00:17:06", "text": "take down the network."}, {"start": "00:17:03", "end": "00:17:09", "text": "50% of production cost. That would be"}, {"start": "00:17:06", "end": "00:17:11", "text": "significant in terms of a downtrend. Uh"}, {"start": "00:17:09", "end": "00:17:14", "text": "you currently look at the Bitcoin"}, {"start": "00:17:11", "end": "00:17:17", "text": "estimated production cost at about 45K"}, {"start": "00:17:14", "end": "00:17:19", "text": "right now. That's the price of producing"}, {"start": "00:17:17", "end": "00:17:21", "text": "a single Bitcoin. So, if it fell down"}, {"start": "00:17:19", "end": "00:17:24", "text": "below that, you're talking somewhere in,"}, {"start": "00:17:21", "end": "00:17:27", "text": "let's say, around the 25 range for"}, {"start": "00:17:24", "end": "00:17:30", "text": "Bitcoin. 25K range for Bitcoin. I think"}, {"start": "00:17:27", "end": "00:17:32", "text": "that's a pretty uh outlandish statement."}, {"start": "00:17:30", "end": "00:17:34", "text": "I shouldn't say outlandish, it's a stark"}, {"start": "00:17:32", "end": "00:17:35", "text": "statement coming from Tom Lee, but I"}, {"start": "00:17:34", "end": "00:17:38", "text": "don't think he's anticipating. He didn't"}, {"start": "00:17:35", "end": "00:17:40", "text": "seem to be. He's looking at 100k Bitcoin"}, {"start": "00:17:38", "end": "00:17:42", "text": "and a 5k Ethereum by the end of the"}, {"start": "00:17:40", "end": "00:17:45", "text": "year. Let me know what you guys think."}, {"start": "00:17:42", "end": "00:17:45", "text": "Just comment down below."}, {"start": "00:17:49", "end": "00:17:53", "text": "If you like this video, hit like and"}, {"start": "00:17:51", "end": "00:17:56", "text": "subscribe. Drop a comment down below and"}, {"start": "00:17:53", "end": "00:18:00", "text": "also join our free private member group."}, {"start": "00:17:56", "end": "00:18:00", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Clarity out countdown week is underway"}, {"start": "00:00:02", "end": "00:00:04", "text": "today. We'll break it down for you."}, {"start": "00:00:03", "end": "00:00:06", "text": "There's a lot happening that you guys"}, {"start": "00:00:04", "end": "00:00:08", "text": "will want to pay close attention to"}, {"start": "00:00:06", "end": "00:00:10", "text": "today. I want to thank our sponsor today"}, {"start": "00:00:08", "end": "00:00:13", "text": "and that is uphold. We've all been"}, {"start": "00:00:10", "end": "00:00:15", "text": "there. Expenses pop up right when the"}, {"start": "00:00:13", "end": "00:00:17", "text": "market's starting to heat up. It's not"}, {"start": "00:00:15", "end": "00:00:18", "text": "the right time to sell. The last thing"}, {"start": "00:00:17", "end": "00:00:21", "text": "you want to do is sell your Bitcoin,"}, {"start": "00:00:18", "end": "00:00:24", "text": "your Ethereum, your XRP, or even your"}, {"start": "00:00:21", "end": "00:00:26", "text": "stable coin USDC. This is exactly why"}, {"start": "00:00:24", "end": "00:00:28", "text": "Uphold launched the Exa credit card."}, {"start": "00:00:26", "end": "00:00:30", "text": "When I found out about this, I was blown"}, {"start": "00:00:28", "end": "00:00:33", "text": "away. It's an instant line of credit"}, {"start": "00:00:30", "end": "00:00:35", "text": "that lets you borrow against your crypto"}, {"start": "00:00:33", "end": "00:00:37", "text": "without having to sell. All you have to"}, {"start": "00:00:35", "end": "00:00:40", "text": "do is just use your assets as collateral"}, {"start": "00:00:37", "end": "00:00:42", "text": "and spend it worldwide using a virtual"}, {"start": "00:00:40", "end": "00:00:44", "text": "Visa card. This is the coolest feature I"}, {"start": "00:00:42", "end": "00:00:47", "text": "love about this. There are no credit"}, {"start": "00:00:44", "end": "00:00:49", "text": "checks and you can repay on a schedule"}, {"start": "00:00:47", "end": "00:00:51", "text": "that works specifically for you. It's"}, {"start": "00:00:49", "end": "00:00:54", "text": "the smartest way to stay long in the"}, {"start": "00:00:51", "end": "00:00:56", "text": "market while accessing your portfolio's"}, {"start": "00:00:54", "end": "00:00:59", "text": "value today. Download the Uphold app and"}, {"start": "00:00:56", "end": "00:01:01", "text": "get your virtual exacard in just a few"}, {"start": "00:00:59", "end": "00:01:02", "text": "taps. Let's start off with this tweet"}, {"start": "00:01:01", "end": "00:01:05", "text": "right here. Uh this of course coming in"}, {"start": "00:01:02", "end": "00:01:07", "text": "from President Trump in honor of Senator"}, {"start": "00:01:05", "end": "00:01:09", "text": "Lindsey Graham, a big supporter of a big"}, {"start": "00:01:07", "end": "00:01:11", "text": "supporter. The US Senate should pass the"}, {"start": "00:01:09", "end": "00:01:13", "text": "clarity act. China and many other"}, {"start": "00:01:11", "end": "00:01:15", "text": "countries would like to take complete"}, {"start": "00:01:13", "end": "00:01:19", "text": "control and total control of this major"}, {"start": "00:01:15", "end": "00:01:22", "text": "financial happening as well as AI where"}, {"start": "00:01:19", "end": "00:01:24", "text": "we are leading now but where they are"}, {"start": "00:01:22", "end": "00:01:27", "text": "fighting hard. Don't let China win on"}, {"start": "00:01:24", "end": "00:01:29", "text": "either subject. Pro President Donald J."}, {"start": "00:01:27", "end": "00:01:30", "text": "Trump. So there you have it. This isn't"}, {"start": "00:01:29", "end": "00:01:33", "text": "the first time that we've really seen"}, {"start": "00:01:30", "end": "00:01:36", "text": "him get behind clarity. Maybe this is"}, {"start": "00:01:33", "end": "00:01:38", "text": "another support mechanism of him going"}, {"start": "00:01:36", "end": "00:01:40", "text": "into the front of the line and getting"}, {"start": "00:01:38", "end": "00:01:42", "text": "some of the people that are on the hump"}, {"start": "00:01:40", "end": "00:01:44", "text": "to go ahead and vote for this. But"}, {"start": "00:01:42", "end": "00:01:46", "text": "you've got it right here. 24 days uh"}, {"start": "00:01:44", "end": "00:01:49", "text": "five hours before this is pretty much"}, {"start": "00:01:46", "end": "00:01:51", "text": "over for clarity not going through. Even"}, {"start": "00:01:49", "end": "00:01:53", "text": "though 24 days you feel like that's hey"}, {"start": "00:01:51", "end": "00:01:56", "text": "that's almost a month Paul the reality"}, {"start": "00:01:53", "end": "00:01:58", "text": "is is there's only a handful of days"}, {"start": "00:01:56", "end": "00:02:01", "text": "that are in there. So this is a very"}, {"start": "00:01:58", "end": "00:02:03", "text": "critical week for clarity. Patrick Wit"}, {"start": "00:02:01", "end": "00:02:05", "text": "of course is out there pushing this as"}, {"start": "00:02:03", "end": "00:02:08", "text": "well. I want to go to this right here."}, {"start": "00:02:05", "end": "00:02:10", "text": "This shows you the layout of what would"}, {"start": "00:02:08", "end": "00:02:12", "text": "potentially happen if the Senate passed"}, {"start": "00:02:10", "end": "00:02:16", "text": "this is what happened in in uh Genius"}, {"start": "00:02:12", "end": "00:02:18", "text": "Act. The Senate passed it in June 17th."}, {"start": "00:02:16", "end": "00:02:20", "text": "This was last year. 30 days later the"}, {"start": "00:02:18", "end": "00:02:22", "text": "House passes it and then immediately"}, {"start": "00:02:20", "end": "00:02:24", "text": "right after that July 18th Trump signed"}, {"start": "00:02:22", "end": "00:02:27", "text": "that. So just one day. The key here is"}, {"start": "00:02:24", "end": "00:02:29", "text": "if the House does not have to go back"}, {"start": "00:02:27", "end": "00:02:32", "text": "and relook at this. So if there's not if"}, {"start": "00:02:29", "end": "00:02:34", "text": "there's material difference between what"}, {"start": "00:02:32", "end": "00:02:36", "text": "the Senate comes out with and what the"}, {"start": "00:02:34", "end": "00:02:38", "text": "House sent to them, then you could"}, {"start": "00:02:36", "end": "00:02:41", "text": "potentially get a delay in there. But it"}, {"start": "00:02:38", "end": "00:02:43", "text": "it looks as though this could really get"}, {"start": "00:02:41", "end": "00:02:45", "text": "done if they allow it. If you go over"}, {"start": "00:02:43", "end": "00:02:48", "text": "and look at the calendar, here we are in"}, {"start": "00:02:45", "end": "00:02:50", "text": "July. Today being the 13th right there,"}, {"start": "00:02:48", "end": "00:02:52", "text": "Monday, this week is the critical week"}, {"start": "00:02:50", "end": "00:02:54", "text": "they're talking about. Then you've got"}, {"start": "00:02:52", "end": "00:02:57", "text": "next week and the following. That pretty"}, {"start": "00:02:54", "end": "00:03:00", "text": "much puts you down to the wire. August"}, {"start": "00:02:57", "end": "00:03:02", "text": "7th is kind of the last day and that is"}, {"start": "00:03:00", "end": "00:03:03", "text": "the question mark right now because"}, {"start": "00:03:02", "end": "00:03:06", "text": "September the likelihood is they're"}, {"start": "00:03:03", "end": "00:03:08", "text": "already out campaigning and of course we"}, {"start": "00:03:06", "end": "00:03:10", "text": "know nothing's happening in October."}, {"start": "00:03:08", "end": "00:03:13", "text": "They're not in session. November is when"}, {"start": "00:03:10", "end": "00:03:15", "text": "midterms occur. So there you have it"}, {"start": "00:03:13", "end": "00:03:18", "text": "guys. We are literally down to the wire"}, {"start": "00:03:15", "end": "00:03:20", "text": "and that is the real situation right"}, {"start": "00:03:18", "end": "00:03:21", "text": "now. One of the big milestones that will"}, {"start": "00:03:20", "end": "00:03:23", "text": "happen this week is if they drop the"}, {"start": "00:03:21", "end": "00:03:25", "text": "text. If this gets delayed, then that's"}, {"start": "00:03:23", "end": "00:03:27", "text": "a problem. Everybody's awaiting the"}, {"start": "00:03:25", "end": "00:03:29", "text": "updated legislative text merging the"}, {"start": "00:03:27", "end": "00:03:31", "text": "Senate Banking and Senate Agricultural"}, {"start": "00:03:29", "end": "00:03:33", "text": "Committee versions of the bill. This is"}, {"start": "00:03:31", "end": "00:03:34", "text": "again what the House will go back and"}, {"start": "00:03:33", "end": "00:03:36", "text": "look at. there's not a lot of"}, {"start": "00:03:34", "end": "00:03:38", "text": "differences and they like what they see"}, {"start": "00:03:36", "end": "00:03:39", "text": "and it goes to the Senate and passes,"}, {"start": "00:03:38", "end": "00:03:41", "text": "then the House would pretty much rubber"}, {"start": "00:03:39", "end": "00:03:43", "text": "stamp this and you've got Trump right on"}, {"start": "00:03:41", "end": "00:03:45", "text": "the heels of being able to sign this."}, {"start": "00:03:43", "end": "00:03:46", "text": "One other point, even though this issue"}, {"start": "00:03:45", "end": "00:03:48", "text": "I want to go over in a second, but the"}, {"start": "00:03:46", "end": "00:03:51", "text": "other issue is ethics. They have not"}, {"start": "00:03:48", "end": "00:03:52", "text": "reached anything that we know of. Maybe"}, {"start": "00:03:51", "end": "00:03:54", "text": "there's some backroom deals, but nothing"}, {"start": "00:03:52", "end": "00:03:56", "text": "that we know of that has really"}, {"start": "00:03:54", "end": "00:03:59", "text": "addressed the ethics issue, which we"}, {"start": "00:03:56", "end": "00:04:00", "text": "believe is going to be the most critical"}, {"start": "00:03:59", "end": "00:04:02", "text": "thing to get this through. The other"}, {"start": "00:04:00", "end": "00:04:04", "text": "thing that's complicating matters right"}, {"start": "00:04:02", "end": "00:04:06", "text": "here is the death of Senator Lindsey"}, {"start": "00:04:04", "end": "00:04:08", "text": "Graham and coupled with the continued"}, {"start": "00:04:06", "end": "00:04:10", "text": "absence of Mitch McConnell. Is he going"}, {"start": "00:04:08", "end": "00:04:12", "text": "to vote or not going to vote? Both these"}, {"start": "00:04:10", "end": "00:04:15", "text": "Republicans are a problem because if"}, {"start": "00:04:12", "end": "00:04:18", "text": "they now are really in a position where"}, {"start": "00:04:15", "end": "00:04:20", "text": "if you lose those two votes, you've got"}, {"start": "00:04:18", "end": "00:04:22", "text": "to be able to recover those. And that is"}, {"start": "00:04:20", "end": "00:04:24", "text": "another factor because it's already a"}, {"start": "00:04:22", "end": "00:04:27", "text": "big issue of being able to get enough"}, {"start": "00:04:24", "end": "00:04:30", "text": "votes to reach the 60 vote threshold. So"}, {"start": "00:04:27", "end": "00:04:32", "text": "that is a big deal. There is a hearing"}, {"start": "00:04:30", "end": "00:04:34", "text": "coming up uh in the House Building the"}, {"start": "00:04:32", "end": "00:04:35", "text": "Future of Finance, how Clarity Act"}, {"start": "00:04:34", "end": "00:04:39", "text": "unlocks innovation. This is happening"}, {"start": "00:04:35", "end": "00:04:40", "text": "July 17th. Maybe that's a good sign. And"}, {"start": "00:04:39", "end": "00:04:42", "text": "then of course, it's been a while since"}, {"start": "00:04:40", "end": "00:04:43", "text": "we talked about chokeoint 2.0. I wonder"}, {"start": "00:04:42", "end": "00:04:46", "text": "if they're going to be talking about it"}, {"start": "00:04:43", "end": "00:04:48", "text": "then because remember all of this"}, {"start": "00:04:46", "end": "00:04:51", "text": "chokepoint problem that we dealt with."}, {"start": "00:04:48", "end": "00:04:55", "text": "Well, now the courts are now starting to"}, {"start": "00:04:51", "end": "00:04:57", "text": "divvy out damages. Kraken got $22"}, {"start": "00:04:55", "end": "00:04:59", "text": "million in awards. And you know who pays"}, {"start": "00:04:57", "end": "00:05:01", "text": "this, right? It's the federal government"}, {"start": "00:04:59", "end": "00:05:04", "text": "pays this because of the actions of the"}, {"start": "00:05:01", "end": "00:05:06", "text": "SEC. That's you and I paying those kinds"}, {"start": "00:05:04", "end": "00:05:08", "text": "of fees. So, let's jump over of course"}, {"start": "00:05:06", "end": "00:05:10", "text": "to the biggest proponent and that is"}, {"start": "00:05:08", "end": "00:05:14", "text": "Cynthia Lumis. She is out there tweeting"}, {"start": "00:05:10", "end": "00:05:17", "text": "constantly and pushing almost one a day"}, {"start": "00:05:14", "end": "00:05:19", "text": "in terms of pro promoting the Clarity"}, {"start": "00:05:17", "end": "00:05:21", "text": "Act and getting it done. And that is"}, {"start": "00:05:19", "end": "00:05:24", "text": "something I think that will continue to"}, {"start": "00:05:21", "end": "00:05:27", "text": "push at least people that are on the"}, {"start": "00:05:24", "end": "00:05:29", "text": "fence maybe to a position of yes, let me"}, {"start": "00:05:27", "end": "00:05:31", "text": "think about voting for this. But I think"}, {"start": "00:05:29", "end": "00:05:34", "text": "this is still a very, very close issue."}, {"start": "00:05:31", "end": "00:05:35", "text": "Remember though, midterms happening"}, {"start": "00:05:34", "end": "00:05:37", "text": "right now. That's what everybody's up"}, {"start": "00:05:35", "end": "00:05:39", "text": "against. You've got this massive"}, {"start": "00:05:37", "end": "00:05:41", "text": "fundraiser going on in some states. One"}, {"start": "00:05:39", "end": "00:05:43", "text": "of them is the one in Dallas, which will"}, {"start": "00:05:41", "end": "00:05:45", "text": "be at the RNC. That's September 9th"}, {"start": "00:05:43", "end": "00:05:47", "text": "through 10th in Dallas. So, as you can"}, {"start": "00:05:45", "end": "00:05:51", "text": "see, this is pretty much over if we do"}, {"start": "00:05:47", "end": "00:05:53", "text": "not get this done in August. Big deal."}, {"start": "00:05:51", "end": "00:05:55", "text": "Another thing that uh you kind of have"}, {"start": "00:05:53", "end": "00:05:58", "text": "to consider is corruption always wins,"}, {"start": "00:05:55", "end": "00:06:00", "text": "guys. It always wins. And this is"}, {"start": "00:05:58", "end": "00:06:02", "text": "Gillibrand, Senator Gillibrand's son."}, {"start": "00:06:00", "end": "00:06:06", "text": "He's 22 years old. He's getting ready to"}, {"start": "00:06:02", "end": "00:06:07", "text": "launch his own financial exchange. And"}, {"start": "00:06:06", "end": "00:06:08", "text": "uh guess who's backing him? Well, you"}, {"start": "00:06:07", "end": "00:06:11", "text": "got Chris Larson there. You got John"}, {"start": "00:06:08", "end": "00:06:15", "text": "Griffin, Mark Aaron, or Mark Ein. All"}, {"start": "00:06:11", "end": "00:06:18", "text": "are angel investors. So there is a lot"}, {"start": "00:06:15", "end": "00:06:21", "text": "of I think importance on the line in"}, {"start": "00:06:18", "end": "00:06:24", "text": "terms of even the people that are in our"}, {"start": "00:06:21", "end": "00:06:26", "text": "government now because of special"}, {"start": "00:06:24", "end": "00:06:28", "text": "interest down to the level of their own"}, {"start": "00:06:26", "end": "00:06:30", "text": "family members. So this is going far"}, {"start": "00:06:28", "end": "00:06:32", "text": "beyond even just what's happening with"}, {"start": "00:06:30", "end": "00:06:33", "text": "the Trump family. So what could stop"}, {"start": "00:06:32", "end": "00:06:35", "text": "this? Let's take a look at it because"}, {"start": "00:06:33", "end": "00:06:37", "text": "right now it's pretty much anything."}, {"start": "00:06:35", "end": "00:06:39", "text": "You've got Zach coming over from"}, {"start": "00:06:37", "end": "00:06:40", "text": "Gayscale saying this. It's not one"}, {"start": "00:06:39", "end": "00:06:43", "text": "thing, it's another strategy to not buy"}, {"start": "00:06:40", "end": "00:06:45", "text": "or sell. This is July 6th to 12th."}, {"start": "00:06:43", "end": "00:06:47", "text": "That's a problem. Trump, we're taking"}, {"start": "00:06:45", "end": "00:06:50", "text": "over the straight. You got that. That's"}, {"start": "00:06:47", "end": "00:06:52", "text": "another problem. Point is, there's a lot"}, {"start": "00:06:50", "end": "00:06:54", "text": "of issues that are facing not only the"}, {"start": "00:06:52", "end": "00:06:56", "text": "crypto community, and clarity is just"}, {"start": "00:06:54", "end": "00:06:59", "text": "one of them. So, if we don't get"}, {"start": "00:06:56", "end": "00:07:00", "text": "clarity, what could potentially happen?"}, {"start": "00:06:59", "end": "00:07:02", "text": "Well, the SEC is going to take the lead."}, {"start": "00:07:00", "end": "00:07:04", "text": "You've got them hitting it right here."}, {"start": "00:07:02", "end": "00:07:06", "text": "This is an interesting point, too."}, {"start": "00:07:04", "end": "00:07:08", "text": "transfer agents is this is a group for"}, {"start": "00:07:06", "end": "00:07:11", "text": "transfer agents that are urging the SEC"}, {"start": "00:07:08", "end": "00:07:13", "text": "to favor issuer sponsored token share"}, {"start": "00:07:11", "end": "00:07:16", "text": "tokenized shares and the way they're"}, {"start": "00:07:13", "end": "00:07:18", "text": "asking it is right here should receive"}, {"start": "00:07:16", "end": "00:07:21", "text": "preferential treatment under future"}, {"start": "00:07:18", "end": "00:07:24", "text": "rules. So that tells you right there why"}, {"start": "00:07:21", "end": "00:07:26", "text": "we need clarity. The SEC is going to get"}, {"start": "00:07:24", "end": "00:07:27", "text": "into a position where they can kind of"}, {"start": "00:07:26", "end": "00:07:30", "text": "dictate the rules. We've seen that"}, {"start": "00:07:27", "end": "00:07:31", "text": "before and we didn't like it. The other"}, {"start": "00:07:30", "end": "00:07:33", "text": "thing that will happen is the banks are"}, {"start": "00:07:31", "end": "00:07:35", "text": "going to continue to put pressure on it,"}, {"start": "00:07:33", "end": "00:07:37", "text": "especially around stable coin yields."}, {"start": "00:07:35", "end": "00:07:39", "text": "And you've got all of these earnings"}, {"start": "00:07:37", "end": "00:07:41", "text": "calls happening this week. We're going"}, {"start": "00:07:39", "end": "00:07:42", "text": "to listen to them all, guys, because"}, {"start": "00:07:41", "end": "00:07:45", "text": "there's going to be some hidden gems in"}, {"start": "00:07:42", "end": "00:07:47", "text": "here. I just know it. There is a lot"}, {"start": "00:07:45", "end": "00:07:49", "text": "happening this week, including even on"}, {"start": "00:07:47", "end": "00:07:52", "text": "Wednesday quite a bit. Morgan Stanley,"}, {"start": "00:07:49", "end": "00:07:56", "text": "Black Rockck, all of this could be at"}, {"start": "00:07:52", "end": "00:07:59", "text": "the very cusp of maybe breaking open the"}, {"start": "00:07:56", "end": "00:08:02", "text": "clarity at its complete. And what I mean"}, {"start": "00:07:59", "end": "00:08:04", "text": "by that is the banks may have a strategy"}, {"start": "00:08:02", "end": "00:08:07", "text": "of their last ditch effort that would"}, {"start": "00:08:04", "end": "00:08:09", "text": "happen this week and maybe next may be"}, {"start": "00:08:07", "end": "00:08:11", "text": "uncovering in these files. So we'll see"}, {"start": "00:08:09", "end": "00:08:13", "text": "if that actually uh gets in there. One"}, {"start": "00:08:11", "end": "00:08:16", "text": "of the things they probably will be"}, {"start": "00:08:13", "end": "00:08:18", "text": "talking about is of course circle and uh"}, {"start": "00:08:16", "end": "00:08:20", "text": "that will be on their high agenda"}, {"start": "00:08:18", "end": "00:08:22", "text": "because remember Circle has received"}, {"start": "00:08:20", "end": "00:08:24", "text": "their final OC approval to establish"}, {"start": "00:08:22", "end": "00:08:26", "text": "Circle National Trust. You've got that"}, {"start": "00:08:24", "end": "00:08:27", "text": "with Ripple, you've got that with Robin."}, {"start": "00:08:26", "end": "00:08:29", "text": "You've got it pretty much with every"}, {"start": "00:08:27", "end": "00:08:32", "text": "major entity out there that's competing"}, {"start": "00:08:29", "end": "00:08:34", "text": "against the banks. So, the reality is"}, {"start": "00:08:32", "end": "00:08:36", "text": "real and it's going to happen. The other"}, {"start": "00:08:34", "end": "00:08:39", "text": "thing that is happening right now is"}, {"start": "00:08:36", "end": "00:08:41", "text": "Robin Hood has actually had to go in and"}, {"start": "00:08:39", "end": "00:08:43", "text": "build an alternative mechanism because"}, {"start": "00:08:41", "end": "00:08:45", "text": "we had can't have nice things yet. And"}, {"start": "00:08:43", "end": "00:08:47", "text": "what I'm talking about is we can't build"}, {"start": "00:08:45", "end": "00:08:49", "text": "a tokenized stock engine within Robin"}, {"start": "00:08:47", "end": "00:08:51", "text": "Robin Hood until we have clarity. So,"}, {"start": "00:08:49", "end": "00:08:53", "text": "what do they do? They go out and put the"}, {"start": "00:08:51", "end": "00:08:55", "text": "Robin Hood chain and what happens?"}, {"start": "00:08:53", "end": "00:08:58", "text": "Memecoins take over. So this is the kind"}, {"start": "00:08:55", "end": "00:09:00", "text": "of issue that the markets will find a"}, {"start": "00:08:58", "end": "00:09:02", "text": "way whether we like it or not. The"}, {"start": "00:09:00", "end": "00:09:04", "text": "markets will find a way and eventually"}, {"start": "00:09:02", "end": "00:09:07", "text": "we will be competing against other"}, {"start": "00:09:04", "end": "00:09:08", "text": "countries and we will be competing I"}, {"start": "00:09:07", "end": "00:09:10", "text": "think against maybe other sectors"}, {"start": "00:09:08", "end": "00:09:13", "text": "entirely if we don't get clarity"}, {"start": "00:09:10", "end": "00:09:15", "text": "through. So a lot of pressure on the"}, {"start": "00:09:13", "end": "00:09:19", "text": "line this week. Make sure and stay tuned"}, {"start": "00:09:15", "end": "00:09:19", "text": "for all of what's going to happen."}, {"start": "00:09:23", "end": "00:09:27", "text": "If you like this video, hit like and"}, {"start": "00:09:25", "end": "00:09:29", "text": "subscribe. Drop a comment down below and"}, {"start": "00:09:27", "end": "00:09:33", "text": "also join our free private member group."}, {"start": "00:09:29", "end": "00:09:33", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Robin Hood is of course in the mix now."}, {"start": "00:00:02", "end": "00:00:05", "text": "Could they be sparking a bull run that's"}, {"start": "00:00:04", "end": "00:00:07", "text": "starting to happen today? We're going to"}, {"start": "00:00:05", "end": "00:00:09", "text": "break it down. I've got a special guest"}, {"start": "00:00:07", "end": "00:00:11", "text": "also joining me. Before we get started,"}, {"start": "00:00:09", "end": "00:00:13", "text": "I want to thank our sponsor and that is"}, {"start": "00:00:11", "end": "00:00:16", "text": "OKX. One of the cool things you guys can"}, {"start": "00:00:13", "end": "00:00:18", "text": "do while the marks market is volatile is"}, {"start": "00:00:16", "end": "00:00:20", "text": "get into some of the earning potential"}, {"start": "00:00:18", "end": "00:00:22", "text": "over there on stable coins. And the way"}, {"start": "00:00:20", "end": "00:00:26", "text": "you can do that is you can do it in"}, {"start": "00:00:22", "end": "00:00:28", "text": "USDG, RLUSD, both paying significance"}, {"start": "00:00:26", "end": "00:00:32", "text": "amount of APY. So check it out. go over"}, {"start": "00:00:28", "end": "00:00:34", "text": "to okx.com and start earning. Of course,"}, {"start": "00:00:32", "end": "00:00:35", "text": "no subscriptions. You don't have to pay"}, {"start": "00:00:34", "end": "00:00:37", "text": "anything to get this done and no"}, {"start": "00:00:35", "end": "00:00:40", "text": "lockups. They don't hold your assets."}, {"start": "00:00:37", "end": "00:00:41", "text": "This is a great way to get started. And"}, {"start": "00:00:40", "end": "00:00:43", "text": "when you're ready to start trading, if"}, {"start": "00:00:41", "end": "00:00:46", "text": "you're not, knock it out right there"}, {"start": "00:00:43", "end": "00:00:48", "text": "with okx.com using our link down below."}, {"start": "00:00:46", "end": "00:00:50", "text": "So, check it out. Great app, by the way,"}, {"start": "00:00:48", "end": "00:00:52", "text": "too. Uh, super app out there. I want to"}, {"start": "00:00:50", "end": "00:00:55", "text": "bring in Evan Aldo today because we've"}, {"start": "00:00:52", "end": "00:00:59", "text": "got a huge opportunity here, I think,"}, {"start": "00:00:55", "end": "00:01:01", "text": "where maybe the bottom may be uh coming"}, {"start": "00:00:59", "end": "00:01:03", "text": "to an end. We'll see how that goes. How"}, {"start": "00:01:01", "end": "00:01:05", "text": "are you, Evan?"}, {"start": "00:01:03", "end": "00:01:06", "text": ">> I'm doing well. Great to be in Miami."}, {"start": "00:01:05", "end": "00:01:07", "text": "So, yeah."}, {"start": "00:01:06", "end": "00:01:10", "text": ">> Hey, we've got a lot of action in the"}, {"start": "00:01:07", "end": "00:01:13", "text": "market. One of the launches uh this"}, {"start": "00:01:10", "end": "00:01:15", "text": "week, actually today, was a project that"}, {"start": "00:01:13", "end": "00:01:16", "text": "we talked about on a previous video. I"}, {"start": "00:01:15", "end": "00:01:19", "text": "think it was on the most recent video we"}, {"start": "00:01:16", "end": "00:01:22", "text": "posted uh called SKH Heinix. And this is"}, {"start": "00:01:19", "end": "00:01:24", "text": "a chipmaker uh that we kind of broke"}, {"start": "00:01:22", "end": "00:01:26", "text": "down yesterday. I wanted to get your"}, {"start": "00:01:24", "end": "00:01:28", "text": "opinion. Actually, let me go to a clip"}, {"start": "00:01:26", "end": "00:01:29", "text": "real quick cuz this will explain a"}, {"start": "00:01:28", "end": "00:01:32", "text": "little bit more why this is going to be"}, {"start": "00:01:29", "end": "00:01:34", "text": "so big for the AI sector and how it"}, {"start": "00:01:32", "end": "00:01:36", "text": "could uh handle a little bit of rotation"}, {"start": "00:01:34", "end": "00:01:39", "text": "of capital. Take a look."}, {"start": "00:01:36", "end": "00:01:41", "text": ">> It's extremely oversubscribed. Finding"}, {"start": "00:01:39", "end": "00:01:43", "text": "an opening price for this stock is going"}, {"start": "00:01:41", "end": "00:01:47", "text": "to be tricky. It's going to be a massive"}, {"start": "00:01:43", "end": "00:01:49", "text": "IPO. It'll take up a lot of the oxygen"}, {"start": "00:01:47", "end": "00:01:50", "text": "in today's market. Nicole,"}, {"start": "00:01:49", "end": "00:01:53", "text": ">> this would be the second largest share"}, {"start": "00:01:50", "end": "00:01:56", "text": "sale ever after SpaceX. SKH Highix is"}, {"start": "00:01:53", "end": "00:01:58", "text": "bigger, cheaper, and closer to Nvidia."}, {"start": "00:01:56", "end": "00:02:01", "text": "It's cheaper than the American rival in"}, {"start": "00:01:58", "end": "00:02:02", "text": "terms of markets. Five almost six times"}, {"start": "00:02:01", "end": "00:02:04", "text": "forward earnings versus Micron 7. So,"}, {"start": "00:02:02", "end": "00:02:06", "text": "not that much, but still, you know, a"}, {"start": "00:02:04", "end": "00:02:08", "text": "little cheaper. That discount existed"}, {"start": "00:02:06", "end": "00:02:11", "text": "because US investors couldn't easily buy"}, {"start": "00:02:08", "end": "00:02:12", "text": "the Korean shares. Part of the Korean"}, {"start": "00:02:11", "end": "00:02:16", "text": "buildout, specifically the company says,"}, {"start": "00:02:12", "end": "00:02:19", "text": "could reach $720 billion. None of that"}, {"start": "00:02:16", "end": "00:02:21", "text": "supply though arrives before late 2027"}, {"start": "00:02:19", "end": "00:02:24", "text": "which keeps the memory shortage going"}, {"start": "00:02:21", "end": "00:02:26", "text": "and record prices high intact for now."}, {"start": "00:02:24", "end": "00:02:28", "text": ">> The revenue number I thought was a"}, {"start": "00:02:26", "end": "00:02:30", "text": "mistake that I read. So it's tripled to"}, {"start": "00:02:28", "end": "00:02:33", "text": "65 billion and it's going to triple to"}, {"start": "00:02:30", "end": "00:02:36", "text": "235 billion this year."}, {"start": "00:02:33", "end": "00:02:38", "text": ">> Yeah, that's at the end of this year. I"}, {"start": "00:02:36", "end": "00:02:39", "text": "I saw that and I said what they're"}, {"start": "00:02:38", "end": "00:02:43", "text": "providing that's got to be a mistake."}, {"start": "00:02:39", "end": "00:02:46", "text": "And and these were like just"}, {"start": "00:02:43", "end": "00:02:48", "text": "run-of-the-mill RAM."}, {"start": "00:02:46", "end": "00:02:50", "text": ">> So"}, {"start": "00:02:48", "end": "00:02:51", "text": "now dream comes true."}, {"start": "00:02:50", "end": "00:02:53", "text": ">> All right. So there you go."}, {"start": "00:02:51", "end": "00:02:55", "text": "Run-of-the-mill mill RAM which of course"}, {"start": "00:02:53", "end": "00:02:58", "text": "everybody understands is driving the AI"}, {"start": "00:02:55", "end": "00:03:01", "text": "craze. And of course now it's bleeding"}, {"start": "00:02:58", "end": "00:03:03", "text": "over into uh almost every electronic out"}, {"start": "00:03:01", "end": "00:03:05", "text": "there. Apple of course jumped their"}, {"start": "00:03:03", "end": "00:03:08", "text": "prices up 25% on all their devices due"}, {"start": "00:03:05", "end": "00:03:10", "text": "to this RAM injection. And this is the"}, {"start": "00:03:08", "end": "00:03:12", "text": "problem right now. Globally, all these"}, {"start": "00:03:10", "end": "00:03:14", "text": "companies are scrambling, which is why"}, {"start": "00:03:12", "end": "00:03:15", "text": "you see this launch right here. I'm"}, {"start": "00:03:14", "end": "00:03:18", "text": "showing the chart here, Evan. I know"}, {"start": "00:03:15", "end": "00:03:21", "text": "it's early on this. I don't anticipate"}, {"start": "00:03:18", "end": "00:03:22", "text": "that you would chart this, but this of"}, {"start": "00:03:21", "end": "00:03:24", "text": "course is the one minute. This launch"}, {"start": "00:03:22", "end": "00:03:27", "text": "was today, but if you look at this"}, {"start": "00:03:24", "end": "00:03:28", "text": "versus Micron, that would be a good"}, {"start": "00:03:27", "end": "00:03:30", "text": "example. Even though it's much bigger"}, {"start": "00:03:28", "end": "00:03:33", "text": "than Micron, but it has a competitive"}, {"start": "00:03:30", "end": "00:03:36", "text": "[clears throat] marketplace to Micron."}, {"start": "00:03:33", "end": "00:03:39", "text": "Do you feel like you are in on still in"}, {"start": "00:03:36", "end": "00:03:42", "text": "on semiconductors or not? Would you buy"}, {"start": "00:03:39", "end": "00:03:45", "text": "a new stock like this right now?"}, {"start": "00:03:42", "end": "00:03:47", "text": ">> Probably not. Um, generally because"}, {"start": "00:03:45", "end": "00:03:50", "text": "there's been a lot of big momentum"}, {"start": "00:03:47", "end": "00:03:52", "text": "shifts on these, you know, chip stocks"}, {"start": "00:03:50", "end": "00:03:54", "text": "and all that against Bitcoin. So, I"}, {"start": "00:03:52", "end": "00:03:56", "text": "think that Bitcoin, you know, all these"}, {"start": "00:03:54", "end": "00:03:58", "text": "have outperformed Bitcoin like crazy in"}, {"start": "00:03:56", "end": "00:04:00", "text": "the first half of this year, but I think"}, {"start": "00:03:58", "end": "00:04:01", "text": "you may see that momentum shift in the"}, {"start": "00:04:00", "end": "00:04:03", "text": "second half of this year. And I think"}, {"start": "00:04:01", "end": "00:04:05", "text": "that now you got Apple, they already"}, {"start": "00:04:03", "end": "00:04:08", "text": "raised prices. I think a lot of this"}, {"start": "00:04:05", "end": "00:04:10", "text": "stuff is already kind of priced in. So I"}, {"start": "00:04:08", "end": "00:04:12", "text": "think that I don't think this is a bad"}, {"start": "00:04:10", "end": "00:04:15", "text": "buy, but I think that a lot of these"}, {"start": "00:04:12", "end": "00:04:17", "text": "IPOs, 6 to 8 months after they IPO is"}, {"start": "00:04:15", "end": "00:04:19", "text": "the magic kind of time to get in. So I"}, {"start": "00:04:17", "end": "00:04:20", "text": "think the second half of this year, I"}, {"start": "00:04:19", "end": "00:04:22", "text": "think Bitcoin is going to be able to"}, {"start": "00:04:20", "end": "00:04:24", "text": "outperform Micron, outperform SanDisk,"}, {"start": "00:04:22", "end": "00:04:26", "text": "outperform this one as well. And then"}, {"start": "00:04:24", "end": "00:04:28", "text": "potentially early next year, you may see"}, {"start": "00:04:26", "end": "00:04:31", "text": "another shift back towards the"}, {"start": "00:04:28", "end": "00:04:32", "text": "semiconductors. So, okay, right now I"}, {"start": "00:04:31", "end": "00:04:34", "text": "would just buy Bitcoin instead."}, {"start": "00:04:32", "end": "00:04:36", "text": ">> Yeah, Bitcoin. Speaking of that,"}, {"start": "00:04:34", "end": "00:04:40", "text": "CryptoQuant says Bitcoin's recent"}, {"start": "00:04:36", "end": "00:04:42", "text": "rebound is a bare market recovery, not a"}, {"start": "00:04:40", "end": "00:04:44", "text": "trend reversal. So, this is something"}, {"start": "00:04:42", "end": "00:04:47", "text": "that everybody's kind of been pointing"}, {"start": "00:04:44", "end": "00:04:49", "text": "at. Is this a fake out or is this a"}, {"start": "00:04:47", "end": "00:04:51", "text": "full-blown trend recovery? Where do you"}, {"start": "00:04:49", "end": "00:04:53", "text": "stand right now on Bitcoin as you chart"}, {"start": "00:04:51", "end": "00:04:55", "text": "it for us?"}, {"start": "00:04:53", "end": "00:04:58", "text": "So when I look at my Bitcoin chart right"}, {"start": "00:04:55", "end": "00:04:59", "text": "here, you're getting, you know, pardon"}, {"start": "00:04:58", "end": "00:05:01", "text": "all the lines here, but you're getting"}, {"start": "00:04:59", "end": "00:05:03", "text": "kind of this bull div. See, this is"}, {"start": "00:05:01", "end": "00:05:05", "text": "forming here in your two weeks, similar"}, {"start": "00:05:03", "end": "00:05:07", "text": "to kind of what you saw in the bottom in"}, {"start": "00:05:05", "end": "00:05:10", "text": "December of 2022. So very similar"}, {"start": "00:05:07", "end": "00:05:11", "text": "situation. So if we do confirm that and"}, {"start": "00:05:10", "end": "00:05:13", "text": "you know that may happen by the end of"}, {"start": "00:05:11", "end": "00:05:15", "text": "this month, I think you might be able to"}, {"start": "00:05:13", "end": "00:05:17", "text": "have an earlier bottom. And obviously,"}, {"start": "00:05:15", "end": "00:05:19", "text": "you know, if you don't count the FTX"}, {"start": "00:05:17", "end": "00:05:21", "text": "capitulation here, that June bottom"}, {"start": "00:05:19", "end": "00:05:23", "text": "would have been your bottom in 2022."}, {"start": "00:05:21", "end": "00:05:24", "text": "Bitcoin's always bottomed a little bit"}, {"start": "00:05:23", "end": "00:05:27", "text": "earlier. So, I would disagree with that"}, {"start": "00:05:24", "end": "00:05:29", "text": "view that um this is just a relief rally"}, {"start": "00:05:27", "end": "00:05:30", "text": "and not the bottom. I think this could"}, {"start": "00:05:29", "end": "00:05:32", "text": "be much more. I think this definitely"}, {"start": "00:05:30", "end": "00:05:34", "text": "could be the bottom. Bitcoin looks great"}, {"start": "00:05:32", "end": "00:05:36", "text": "right now for the month of July. Your"}, {"start": "00:05:34", "end": "00:05:38", "text": "main technical target that I've been"}, {"start": "00:05:36", "end": "00:05:40", "text": "looking at is right at 74K and I think"}, {"start": "00:05:38", "end": "00:05:43", "text": "you might be able to hit that by the end"}, {"start": "00:05:40", "end": "00:05:44", "text": "of this month. Um so, I think July is"}, {"start": "00:05:43", "end": "00:05:47", "text": "going to be really good here. I'm"}, {"start": "00:05:44", "end": "00:05:49", "text": "excited for 74K. I think after the 74K,"}, {"start": "00:05:47", "end": "00:05:52", "text": "you know, you may see some type of"}, {"start": "00:05:49", "end": "00:05:54", "text": "correction back to retest 65 and August,"}, {"start": "00:05:52", "end": "00:05:55", "text": "September, but then I think quarter 4 is"}, {"start": "00:05:54", "end": "00:05:58", "text": "going to be good. And I'm I'm excited"}, {"start": "00:05:55", "end": "00:05:59", "text": "for quarter 4. I think if all goes well,"}, {"start": "00:05:58", "end": "00:06:02", "text": "obviously I don't have a crystal ball,"}, {"start": "00:05:59", "end": "00:06:04", "text": "but if all goes well in quarter 4 by end"}, {"start": "00:06:02", "end": "00:06:05", "text": "of this year, I'm looking at 92K, a more"}, {"start": "00:06:04", "end": "00:06:09", "text": "of a longated, you know, kind of version"}, {"start": "00:06:05", "end": "00:06:11", "text": "of that sometime in quarter 4. 90K, 92K,"}, {"start": "00:06:09", "end": "00:06:12", "text": "I think that's a good goal um by the end"}, {"start": "00:06:11", "end": "00:06:14", "text": "of the year. So, I'm excited, you know,"}, {"start": "00:06:12", "end": "00:06:16", "text": "I'm optimistic. I think things are going"}, {"start": "00:06:14", "end": "00:06:19", "text": "to go well. So obviously you are very"}, {"start": "00:06:16", "end": "00:06:21", "text": "bullish here on Bitcoin especially going"}, {"start": "00:06:19", "end": "00:06:24", "text": "into the fall. Bitcoin fell to its"}, {"start": "00:06:21", "end": "00:06:26", "text": "second most oversold level in history on"}, {"start": "00:06:24", "end": "00:06:27", "text": "the monthly chart. So the only time it"}, {"start": "00:06:26", "end": "00:06:30", "text": "was lower was December 22. We showed"}, {"start": "00:06:27", "end": "00:06:33", "text": "this yesterday. This could be setting up"}, {"start": "00:06:30", "end": "00:06:35", "text": "to your point. This could be setting up"}, {"start": "00:06:33", "end": "00:06:37", "text": "to a very interesting fall. My question"}, {"start": "00:06:35", "end": "00:06:39", "text": "would be this. Do you think, cuz I've"}, {"start": "00:06:37", "end": "00:06:42", "text": "had a couple analysts on here recently"}, {"start": "00:06:39", "end": "00:06:44", "text": "that have said they think, and one of"}, {"start": "00:06:42", "end": "00:06:46", "text": "them was standard chartered uh analysts"}, {"start": "00:06:44", "end": "00:06:48", "text": "who thinks Bitcoin could hit 100K by the"}, {"start": "00:06:46", "end": "00:06:49", "text": "end of the year. Would you agree with"}, {"start": "00:06:48", "end": "00:06:50", "text": "that or do you think it's going to take"}, {"start": "00:06:49", "end": "00:06:53", "text": "longer? I"}, {"start": "00:06:50", "end": "00:06:55", "text": ">> I think that's more of a 2027 goal um"}, {"start": "00:06:53", "end": "00:06:57", "text": "sometime in quarter 1, quarter two of"}, {"start": "00:06:55", "end": "00:06:58", "text": "next year potentially. Um I think that's"}, {"start": "00:06:57", "end": "00:07:01", "text": "a little bit too optimistic, but I I'd"}, {"start": "00:06:58", "end": "00:07:02", "text": "rather be wrong and wealthier. So I'll"}, {"start": "00:07:01", "end": "00:07:03", "text": "say"}, {"start": "00:07:02", "end": "00:07:06", "text": ">> wrong and wealthier. I like it."}, {"start": "00:07:03", "end": "00:07:08", "text": ">> Yeah. Evan, what do you make of this?"}, {"start": "00:07:06", "end": "00:07:11", "text": "Right. Right here, we are seeing rate"}, {"start": "00:07:08", "end": "00:07:13", "text": "hike odds rising right in front of us."}, {"start": "00:07:11", "end": "00:07:17", "text": "It's a 51% chance now that the Fed rate"}, {"start": "00:07:13", "end": "00:07:19", "text": "hike before 2027 is going to happen. The"}, {"start": "00:07:17", "end": "00:07:22", "text": "likelihood is now growing and we've got"}, {"start": "00:07:19", "end": "00:07:25", "text": "more disscent that is pushing back"}, {"start": "00:07:22", "end": "00:07:27", "text": "against holding. What happens if Kevin"}, {"start": "00:07:25", "end": "00:07:28", "text": "Walsh comes in in the fall and gives a"}, {"start": "00:07:27", "end": "00:07:30", "text": "rate hike? How much would that impact"}, {"start": "00:07:28", "end": "00:07:31", "text": "crypto?"}, {"start": "00:07:30", "end": "00:07:33", "text": ">> I I don't think that would be good. But"}, {"start": "00:07:31", "end": "00:07:34", "text": "it would be more in your bearish case"}, {"start": "00:07:33", "end": "00:07:36", "text": "that other people are talking about"}, {"start": "00:07:34", "end": "00:07:38", "text": "potentially a lower low somewhere in the"}, {"start": "00:07:36", "end": "00:07:40", "text": "50s, you know, maybe even high 40s for"}, {"start": "00:07:38", "end": "00:07:41", "text": "Bitcoin. But I don't think that's going"}, {"start": "00:07:40", "end": "00:07:44", "text": "to happen because the general pattern"}, {"start": "00:07:41", "end": "00:07:46", "text": "that we've been seeing is, you know, you"}, {"start": "00:07:44", "end": "00:07:48", "text": "stop the ceasefire and then you kind of"}, {"start": "00:07:46", "end": "00:07:49", "text": "factor in the price of rate hikes, you"}, {"start": "00:07:48", "end": "00:07:51", "text": "get all that fear and now there's a"}, {"start": "00:07:49", "end": "00:07:53", "text": "slight favorite for a 50/50, but then"}, {"start": "00:07:51", "end": "00:07:55", "text": "usually a couple weeks or a month goes"}, {"start": "00:07:53", "end": "00:07:57", "text": "by and then you talk more about a"}, {"start": "00:07:55", "end": "00:07:59", "text": "ceasefire and then you get less odds of"}, {"start": "00:07:57", "end": "00:08:02", "text": "kind of rate hikes. I think that oil is"}, {"start": "00:07:59", "end": "00:08:04", "text": "not is going to probably stay sideways"}, {"start": "00:08:02", "end": "00:08:06", "text": "enough or not come up enough to really"}, {"start": "00:08:04", "end": "00:08:07", "text": "force a rate hike. I don't think we're"}, {"start": "00:08:06", "end": "00:08:09", "text": "going to get a rate hike. I'm going to"}, {"start": "00:08:07", "end": "00:08:10", "text": "go on the more, you know, optimistic"}, {"start": "00:08:09", "end": "00:08:11", "text": "path there and I don't think we're going"}, {"start": "00:08:10", "end": "00:08:13", "text": "to get a rate hike. So, yeah."}, {"start": "00:08:11", "end": "00:08:15", "text": ">> All right. So, no rate hike on your"}, {"start": "00:08:13", "end": "00:08:17", "text": "side. Uh there's a lot of people pushing"}, {"start": "00:08:15", "end": "00:08:19", "text": "against that right now. A lot of market"}, {"start": "00:08:17", "end": "00:08:21", "text": "makers too that think this is going to"}, {"start": "00:08:19", "end": "00:08:23", "text": "happen and are pricing. Some are of"}, {"start": "00:08:21", "end": "00:08:26", "text": "course are trying to price this in. Let"}, {"start": "00:08:23", "end": "00:08:29", "text": "me go into another area that will andor"}, {"start": "00:08:26", "end": "00:08:32", "text": "could have impact on crypto and that of"}, {"start": "00:08:29", "end": "00:08:33", "text": "course is clarity. You've got 29 days is"}, {"start": "00:08:32", "end": "00:08:35", "text": "going to decide whether America gets"}, {"start": "00:08:33", "end": "00:08:37", "text": "clear crypto crypto rules or not. Uh"}, {"start": "00:08:35", "end": "00:08:39", "text": "we've got a Senate returning from"}, {"start": "00:08:37", "end": "00:08:41", "text": "recess. Then you got August which is"}, {"start": "00:08:39", "end": "00:08:43", "text": "pretty much where the Senate's done. So"}, {"start": "00:08:41", "end": "00:08:45", "text": "no time to waste here. If you look at"}, {"start": "00:08:43", "end": "00:08:48", "text": "that, then you look at this big"}, {"start": "00:08:45", "end": "00:08:51", "text": "departure which is Paul Greywall, chief"}, {"start": "00:08:48", "end": "00:08:53", "text": "counsel over at uh Coinbase. This is a"}, {"start": "00:08:51", "end": "00:08:56", "text": "major departure and I don't know if if"}, {"start": "00:08:53", "end": "00:08:59", "text": "this was a asked departure or if this"}, {"start": "00:08:56", "end": "00:09:00", "text": "was is saying hey I've done my job and"}, {"start": "00:08:59", "end": "00:09:03", "text": "you know I'm moving on. I don't know."}, {"start": "00:09:00", "end": "00:09:05", "text": "We've had Paul on before and then if you"}, {"start": "00:09:03", "end": "00:09:08", "text": "look at this clarity act now draft near"}, {"start": "00:09:05", "end": "00:09:10", "text": "Senate release. Uh there's a new version"}, {"start": "00:09:08", "end": "00:09:11", "text": "of the digital market clarity act. So"}, {"start": "00:09:10", "end": "00:09:14", "text": "this could be released as early as next"}, {"start": "00:09:11", "end": "00:09:15", "text": "week. I wonder if there's going to be"}, {"start": "00:09:14", "end": "00:09:18", "text": "some things in there that really start"}, {"start": "00:09:15", "end": "00:09:20", "text": "to shake things up on on the idea of"}, {"start": "00:09:18", "end": "00:09:23", "text": "what we've been looking at, which is the"}, {"start": "00:09:20", "end": "00:09:26", "text": "issue for what's going on with the Trump"}, {"start": "00:09:23", "end": "00:09:28", "text": "administration and his family on ethics."}, {"start": "00:09:26", "end": "00:09:31", "text": "So, I don't know what would be your odds"}, {"start": "00:09:28", "end": "00:09:32", "text": "right now on on clarity. There's the the"}, {"start": "00:09:31", "end": "00:09:34", "text": "countdown."}, {"start": "00:09:32", "end": "00:09:36", "text": ">> Well, I was looking at the betting odds"}, {"start": "00:09:34", "end": "00:09:38", "text": "on poly market on it. It was a 40%"}, {"start": "00:09:36", "end": "00:09:40", "text": "chance of it passing um by the end of"}, {"start": "00:09:38", "end": "00:09:41", "text": "the year. That was by the end of the"}, {"start": "00:09:40", "end": "00:09:43", "text": "year. It's probably if it doesn't pass"}, {"start": "00:09:41", "end": "00:09:45", "text": "in the 27 days, the odds are pretty slim"}, {"start": "00:09:43", "end": "00:09:47", "text": "that it'll pass in, you know, the lame"}, {"start": "00:09:45", "end": "00:09:49", "text": "duck session or, you know, after those"}, {"start": "00:09:47", "end": "00:09:51", "text": "27 days. I'm going to take the slightly"}, {"start": "00:09:49", "end": "00:09:52", "text": "more optimistic route. I'm going to say"}, {"start": "00:09:51", "end": "00:09:54", "text": "they might be able to pull it off."}, {"start": "00:09:52", "end": "00:09:57", "text": "Maybe, just maybe, they could pull it"}, {"start": "00:09:54", "end": "00:09:58", "text": "off um before. And but the thing is, if"}, {"start": "00:09:57", "end": "00:10:01", "text": "they do pull it off, it's usually kind"}, {"start": "00:09:58", "end": "00:10:03", "text": "of a price gets factored in. So things I"}, {"start": "00:10:01", "end": "00:10:05", "text": "think will rally we'll rally. And it's"}, {"start": "00:10:03", "end": "00:10:06", "text": "interesting because that's the 27 days."}, {"start": "00:10:05", "end": "00:10:08", "text": "That's early August. I think we're going"}, {"start": "00:10:06", "end": "00:10:10", "text": "to rally into that deadline and then"}, {"start": "00:10:08", "end": "00:10:12", "text": "whether or not the the news is good or"}, {"start": "00:10:10", "end": "00:10:14", "text": "bad at the end of that deadline, the"}, {"start": "00:10:12", "end": "00:10:16", "text": "market's going to correct a little bit."}, {"start": "00:10:14", "end": "00:10:18", "text": "So, it doesn't matter in that aspect."}, {"start": "00:10:16", "end": "00:10:19", "text": "But I I I'm I'm going to keep stay"}, {"start": "00:10:18", "end": "00:10:21", "text": "optimistic. I think they might be able"}, {"start": "00:10:19", "end": "00:10:24", "text": "to pull it off. I don't know, though."}, {"start": "00:10:21", "end": "00:10:27", "text": ">> It's interesting you say that because"}, {"start": "00:10:24", "end": "00:10:30", "text": "there is an angle on this that actually"}, {"start": "00:10:27", "end": "00:10:32", "text": "might prove Poly Market wrong. I want to"}, {"start": "00:10:30", "end": "00:10:34", "text": "play a clip for you because you might"}, {"start": "00:10:32", "end": "00:10:39", "text": "agree with someone here. Take a look."}, {"start": "00:10:34", "end": "00:10:40", "text": "I'm saying votewise I'm I'm like 99%"}, {"start": "00:10:39", "end": "00:10:43", "text": "sure we're going to have a vote. As far"}, {"start": "00:10:40", "end": "00:10:46", "text": "as passage I've been at about 60%. Some"}, {"start": "00:10:43", "end": "00:10:47", "text": "of that's just gut instinct from years"}, {"start": "00:10:46", "end": "00:10:50", "text": "of you know working in Senate being"}, {"start": "00:10:47", "end": "00:10:52", "text": "around legislative process seeing what's"}, {"start": "00:10:50", "end": "00:10:54", "text": "happening. Um the right people are in"}, {"start": "00:10:52", "end": "00:10:56", "text": "the room talking about this. So that"}, {"start": "00:10:54", "end": "00:10:58", "text": "really does make me feel more um"}, {"start": "00:10:56", "end": "00:11:00", "text": "confident that we're in the right"}, {"start": "00:10:58", "end": "00:11:02", "text": "direction. But whenever people say to me"}, {"start": "00:11:00", "end": "00:11:05", "text": "well that's not what I'm reading in poly"}, {"start": "00:11:02", "end": "00:11:08", "text": "markets or kshi. Well, Congress just"}, {"start": "00:11:05", "end": "00:11:10", "text": "about maybe two months ago actually"}, {"start": "00:11:08", "end": "00:11:13", "text": "banned all of congressional staff from"}, {"start": "00:11:10", "end": "00:11:14", "text": "being on prediction markets. So, I"}, {"start": "00:11:13", "end": "00:11:17", "text": "actually think there might be a"}, {"start": "00:11:14", "end": "00:11:19", "text": "correlation here between when Congress"}, {"start": "00:11:17", "end": "00:11:21", "text": "said, you know, staff and members can no"}, {"start": "00:11:19", "end": "00:11:23", "text": "longer be on prediction markets and when"}, {"start": "00:11:21", "end": "00:11:26", "text": "the prediction markets started to not"}, {"start": "00:11:23", "end": "00:11:30", "text": "track what I think is kind of everybody"}, {"start": "00:11:26", "end": "00:11:32", "text": "else's opinion in Washington as to where"}, {"start": "00:11:30", "end": "00:11:33", "text": "we are with clarity. So, um I think"}, {"start": "00:11:32", "end": "00:11:35", "text": "they're wrong on this account. We're"}, {"start": "00:11:33", "end": "00:11:37", "text": "going to have a vote and I feel like"}, {"start": "00:11:35", "end": "00:11:38", "text": "we're going to we're going to get there"}, {"start": "00:11:37", "end": "00:11:41", "text": "um on passage."}, {"start": "00:11:38", "end": "00:11:44", "text": ">> Spicy takes. Sorry. Go ahead."}, {"start": "00:11:41", "end": "00:11:47", "text": ">> Okay. So, one thing I would say to to"}, {"start": "00:11:44", "end": "00:11:50", "text": "your point, she agrees with you that uh"}, {"start": "00:11:47", "end": "00:11:52", "text": "it's likely that this could go through."}, {"start": "00:11:50", "end": "00:11:55", "text": "My point is this. There is no way you"}, {"start": "00:11:52", "end": "00:11:56", "text": "are stopping DC insiders from poly"}, {"start": "00:11:55", "end": "00:11:58", "text": "market. It's un I mean that's just not"}, {"start": "00:11:56", "end": "00:12:01", "text": "going to happen. These guys are"}, {"start": "00:11:58", "end": "00:12:03", "text": "professional inside traders. So they are"}, {"start": "00:12:01", "end": "00:12:05", "text": "out there and I Yeah."}, {"start": "00:12:03", "end": "00:12:07", "text": ">> Yeah. I don't know. But the point is is"}, {"start": "00:12:05", "end": "00:12:09", "text": "that it's just it's kind of on the"}, {"start": "00:12:07", "end": "00:12:11", "text": "bubble right now. So I'm still on the on"}, {"start": "00:12:09", "end": "00:12:13", "text": "the fence because I just don't trust DC"}, {"start": "00:12:11", "end": "00:12:14", "text": "to be honest with you to to get this"}, {"start": "00:12:13", "end": "00:12:16", "text": "across the line."}, {"start": "00:12:14", "end": "00:12:17", "text": ">> Uh which is the issue right now though."}, {"start": "00:12:16", "end": "00:12:20", "text": "One thing I do trust is what's happening"}, {"start": "00:12:17", "end": "00:12:22", "text": "over on Robin Hood chain. And this is a"}, {"start": "00:12:20", "end": "00:12:24", "text": "big deal. Robin Hood chain just flipped"}, {"start": "00:12:22", "end": "00:12:27", "text": "Hyperlid in DEX volume. This is"}, {"start": "00:12:24", "end": "00:12:30", "text": "unprecedented. And they've done it in"}, {"start": "00:12:27", "end": "00:12:32", "text": "less than a what 10 days. So you look at"}, {"start": "00:12:30", "end": "00:12:34", "text": "this and I can imagine Robin Hood is"}, {"start": "00:12:32", "end": "00:12:36", "text": "scrambling trying to pull something off"}, {"start": "00:12:34", "end": "00:12:38", "text": "in terms of trying to deal deal with"}, {"start": "00:12:36", "end": "00:12:38", "text": "this market volume and probably a"}, {"start": "00:12:38", "end": "00:12:41", "text": "surprise"}, {"start": "00:12:38", "end": "00:12:43", "text": ">> in general when you look at the Hood"}, {"start": "00:12:41", "end": "00:12:45", "text": "stock as a whole. Do you think the rest"}, {"start": "00:12:43", "end": "00:12:48", "text": "of the investment community really"}, {"start": "00:12:45", "end": "00:12:50", "text": "understands what's happening here?"}, {"start": "00:12:48", "end": "00:12:51", "text": ">> Yeah, I mean it's it's wild, very"}, {"start": "00:12:50", "end": "00:12:53", "text": "unprecedented like you said. The Hood"}, {"start": "00:12:51", "end": "00:12:55", "text": "stock I've always been generally, you"}, {"start": "00:12:53", "end": "00:12:56", "text": "know, more bullish on it. You know, in"}, {"start": "00:12:55", "end": "00:12:58", "text": "this rally upward, you know, you kind of"}, {"start": "00:12:56", "end": "00:13:00", "text": "got your correction. It kind of has"}, {"start": "00:12:58", "end": "00:13:02", "text": "followed Bitcoin to to a certain extent"}, {"start": "00:13:00", "end": "00:13:04", "text": "here and I think generally you should be"}, {"start": "00:13:02", "end": "00:13:07", "text": "good. I could see it being more you know"}, {"start": "00:13:04", "end": "00:13:09", "text": "sideways crabish. You bounce around into"}, {"start": "00:13:07", "end": "00:13:11", "text": "maybe the end of this year and I think"}, {"start": "00:13:09", "end": "00:13:14", "text": "sometime 2027 2028 it'll probably break"}, {"start": "00:13:11", "end": "00:13:16", "text": "up to 200 and hopefully 300 would be my"}, {"start": "00:13:14", "end": "00:13:18", "text": "goal. So I think it could do pretty"}, {"start": "00:13:16", "end": "00:13:20", "text": "similar to Bitcoin over the next 2 three"}, {"start": "00:13:18", "end": "00:13:23", "text": "years. A two or 3x um I think is a"}, {"start": "00:13:20", "end": "00:13:25", "text": "pretty good bet for this. Um that's what"}, {"start": "00:13:23", "end": "00:13:27", "text": "I look at. I mean I do think it'll kind"}, {"start": "00:13:25", "end": "00:13:28", "text": "of consolidate a little bit. Maybe it'll"}, {"start": "00:13:27", "end": "00:13:30", "text": "come down to retest 80 at some point,"}, {"start": "00:13:28", "end": "00:13:32", "text": "but it generally look still looks"}, {"start": "00:13:30", "end": "00:13:33", "text": "strong. Generally still looks strong."}, {"start": "00:13:32", "end": "00:13:35", "text": "Money flow over here in your two-day"}, {"start": "00:13:33", "end": "00:13:37", "text": "looks good. Um, you know, some may say"}, {"start": "00:13:35", "end": "00:13:39", "text": "that you some may be already calling for"}, {"start": "00:13:37", "end": "00:13:41", "text": "200. That could be like probably the"}, {"start": "00:13:39", "end": "00:13:43", "text": "most optimistic scenario by the end of"}, {"start": "00:13:41", "end": "00:13:45", "text": "the year. 200. We just got to see if it"}, {"start": "00:13:43", "end": "00:13:47", "text": "can break through, you know, 134. So,"}, {"start": "00:13:45", "end": "00:13:48", "text": "yeah, I'm bullish on Robin Hood."}, {"start": "00:13:47", "end": "00:13:50", "text": "Definitely a long-term"}, {"start": "00:13:48", "end": "00:13:51", "text": ">> 200. What What percentage growth would"}, {"start": "00:13:50", "end": "00:13:53", "text": "that be from here?"}, {"start": "00:13:51", "end": "00:13:54", "text": ">> That's about a double. That's about a"}, {"start": "00:13:53", "end": "00:13:56", "text": "double. Um,"}, {"start": "00:13:54", "end": "00:13:58", "text": ">> so I mean that's aggressive in the next"}, {"start": "00:13:56", "end": "00:14:00", "text": "five months."}, {"start": "00:13:58", "end": "00:14:02", "text": ">> Well, that it's high, but if you can"}, {"start": "00:14:00", "end": "00:14:03", "text": "break above there, yeah, I I don't think"}, {"start": "00:14:02", "end": "00:14:05", "text": "it's going to hit 200 by the end of the"}, {"start": "00:14:03", "end": "00:14:07", "text": "year, but sometime next year, you know,"}, {"start": "00:14:05", "end": "00:14:08", "text": "next two, three years, two to 300."}, {"start": "00:14:07", "end": "00:14:09", "text": ">> You like this stock?"}, {"start": "00:14:08", "end": "00:14:11", "text": ">> You like this? You would hold this."}, {"start": "00:14:09", "end": "00:14:14", "text": ">> I do. I think Robin Hood's going to do"}, {"start": "00:14:11", "end": "00:14:15", "text": "well, man. Yeah, I think I mean it is a"}, {"start": "00:14:14", "end": "00:14:16", "text": "big what I if I had to guess what's"}, {"start": "00:14:15", "end": "00:14:17", "text": "going to happen, I think it's going to"}, {"start": "00:14:16", "end": "00:14:20", "text": "be like this. It's going to reject from"}, {"start": "00:14:17", "end": "00:14:21", "text": "like 140, 150, come back down to 100 or"}, {"start": "00:14:20", "end": "00:14:25", "text": "something. It's volatile. And then"}, {"start": "00:14:21", "end": "00:14:26", "text": "sometime like next year probably you'll"}, {"start": "00:14:25", "end": "00:14:28", "text": "finally rally up to your"}, {"start": "00:14:26", "end": "00:14:30", "text": ">> rips into 200. Okay."}, {"start": "00:14:28", "end": "00:14:33", "text": ">> Well, the thing"}, {"start": "00:14:30", "end": "00:14:37", "text": ">> one thing though that could change the"}, {"start": "00:14:33", "end": "00:14:39", "text": "window here because remember you you"}, {"start": "00:14:37", "end": "00:14:41", "text": "look at the market trading on sentiment"}, {"start": "00:14:39", "end": "00:14:43", "text": "and sentiment usually drives memes and"}, {"start": "00:14:41", "end": "00:14:45", "text": "we've already started to see that on the"}, {"start": "00:14:43", "end": "00:14:47", "text": "Robin Hood chain here with Cash Cat."}, {"start": "00:14:45", "end": "00:14:49", "text": "This was crazy. uh just showing an"}, {"start": "00:14:47", "end": "00:14:51", "text": "example of how a trader could have"}, {"start": "00:14:49", "end": "00:14:52", "text": "basically left about $ three and a half"}, {"start": "00:14:51", "end": "00:14:54", "text": "million dollars on the table, leaving"}, {"start": "00:14:52", "end": "00:14:56", "text": "too early. And that's the kind of thing"}, {"start": "00:14:54", "end": "00:14:58", "text": "that does happen with Cash Cat. For"}, {"start": "00:14:56", "end": "00:14:59", "text": "those of you who do not know, and we'll,"}, {"start": "00:14:58", "end": "00:15:00", "text": "you know, talk about it here in a"}, {"start": "00:14:59", "end": "00:15:01", "text": "second, but I want to play a clip"}, {"start": "00:15:00", "end": "00:15:04", "text": "because this would kind of give you a"}, {"start": "00:15:01", "end": "00:15:06", "text": "rundown on it. Take a look. Cash Cat on"}, {"start": "00:15:04", "end": "00:15:08", "text": "Robin Hood is going parabolic, running"}, {"start": "00:15:06", "end": "00:15:11", "text": "from 10 million to 75 mil in the past 2"}, {"start": "00:15:08", "end": "00:15:13", "text": "hours after Vlad, the CEO and co-founder"}, {"start": "00:15:11", "end": "00:15:15", "text": "of Robin Hood, followed the token on X."}, {"start": "00:15:13", "end": "00:15:18", "text": "The lore behind this coin is that Cash"}, {"start": "00:15:15", "end": "00:15:20", "text": "Cat was the original name for the Robin"}, {"start": "00:15:18", "end": "00:15:22", "text": "Hood app, which you can see Vlad quote"}, {"start": "00:15:20", "end": "00:15:25", "text": "tweeting this post with an image of the"}, {"start": "00:15:22", "end": "00:15:27", "text": "Cash Cat back in April of 2021. I traded"}, {"start": "00:15:25", "end": "00:15:31", "text": "I I have so much money in this dumbass"}, {"start": "00:15:27", "end": "00:15:35", "text": "cash cat. Then now if Vlad does if Vlad"}, {"start": "00:15:31", "end": "00:15:36", "text": "lists this after I sell, I will I will I"}, {"start": "00:15:35", "end": "00:15:38", "text": "can't even imagine what I'll do. But it"}, {"start": "00:15:36", "end": "00:15:39", "text": "I mean I hate this. I hate this. I'm"}, {"start": "00:15:38", "end": "00:15:42", "text": "sitting here waiting for Vlad to do"}, {"start": "00:15:39", "end": "00:15:44", "text": "something and he's never going to do it."}, {"start": "00:15:42", "end": "00:15:45", "text": "You think they'll list it?"}, {"start": "00:15:44", "end": "00:15:48", "text": ">> No. Not a chance."}, {"start": "00:15:45", "end": "00:15:50", "text": ">> Uh, I don't know. It kind of makes them"}, {"start": "00:15:48", "end": "00:15:51", "text": "look too much like a casino. I feel like"}, {"start": "00:15:50", "end": "00:15:54", "text": "that's that's kind of the problem. So,"}, {"start": "00:15:51", "end": "00:15:56", "text": "if I were them, I wouldn't. But my guess"}, {"start": "00:15:54", "end": "00:15:57", "text": "here is that, you know, if I was a"}, {"start": "00:15:56", "end": "00:16:00", "text": "gambling man, if I wanted to gamble on"}, {"start": "00:15:57", "end": "00:16:01", "text": "this, I would buy right now and I would"}, {"start": "00:16:00", "end": "00:16:03", "text": "sell at the end of this month. I would"}, {"start": "00:16:01", "end": "00:16:04", "text": "bet that July is going to be a good"}, {"start": "00:16:03", "end": "00:16:07", "text": "month for this. I would buy this dip"}, {"start": "00:16:04", "end": "00:16:09", "text": "potentially. you're 23% down and I would"}, {"start": "00:16:07", "end": "00:16:11", "text": "hope that, you know, something like this"}, {"start": "00:16:09", "end": "00:16:12", "text": "happens and you double or triple from"}, {"start": "00:16:11", "end": "00:16:14", "text": "here into the end of this month, you"}, {"start": "00:16:12", "end": "00:16:16", "text": "know, following this kind of trajectory,"}, {"start": "00:16:14", "end": "00:16:17", "text": "which I think is possible. Um, I"}, {"start": "00:16:16", "end": "00:16:19", "text": "wouldn't want to"}, {"start": "00:16:17", "end": "00:16:21", "text": ">> I love your optimism there, Evan. You're"}, {"start": "00:16:19", "end": "00:16:22", "text": "you're you're pitching me a memecoin"}, {"start": "00:16:21", "end": "00:16:24", "text": "that's going to double."}, {"start": "00:16:22", "end": "00:16:26", "text": ">> No, I'm not going to buy this, I don't"}, {"start": "00:16:24", "end": "00:16:28", "text": "think. But yeah, if I was a gambling"}, {"start": "00:16:26", "end": "00:16:29", "text": "man, I would hold for two weeks, two to"}, {"start": "00:16:28", "end": "00:16:31", "text": "three weeks."}, {"start": "00:16:29", "end": "00:16:33", "text": ">> Okay. All right. Well, memes are now"}, {"start": "00:16:31", "end": "00:16:34", "text": "alive and well on the Robin Hood chain."}, {"start": "00:16:33", "end": "00:16:35", "text": "though we've seen that before with"}, {"start": "00:16:34", "end": "00:16:40", "text": "Salana and we saw what happened to"}, {"start": "00:16:35", "end": "00:16:42", "text": "Salana absolutely exploded. So ETH being"}, {"start": "00:16:40", "end": "00:16:44", "text": "the underlying mechanism here across all"}, {"start": "00:16:42", "end": "00:16:46", "text": "of what's happening on Robin Hood. Uh"}, {"start": "00:16:44", "end": "00:16:47", "text": "and you have Tom Lee kind of jumping"}, {"start": "00:16:46", "end": "00:16:50", "text": "into it right here. Interesting comments"}, {"start": "00:16:47", "end": "00:16:53", "text": "from uh former Bank of America guy and"}, {"start": "00:16:50", "end": "00:16:57", "text": "he says ETH signs of a tactical bottom"}, {"start": "00:16:53", "end": "00:17:00", "text": "holding it around 1690 to 17 needs a"}, {"start": "00:16:57", "end": "00:17:03", "text": "decisive rally to 18. Do you agree with"}, {"start": "00:17:00", "end": "00:17:05", "text": "that? 1850 to 1876. That would be the"}, {"start": "00:17:03", "end": "00:17:08", "text": "rally that it would need to get back to"}, {"start": "00:17:05", "end": "00:17:10", "text": "maybe an open window around 2100."}, {"start": "00:17:08", "end": "00:17:11", "text": ">> Yeah. I mean, obvious the the big thing"}, {"start": "00:17:10", "end": "00:17:13", "text": "Yeah. I mean, the big thing would be"}, {"start": "00:17:11", "end": "00:17:15", "text": "breaking above, 1900. I think that's a"}, {"start": "00:17:13", "end": "00:17:17", "text": "done deal. 2,000 is very likely here."}, {"start": "00:17:15", "end": "00:17:19", "text": "This looks great. Money flows coming up."}, {"start": "00:17:17", "end": "00:17:20", "text": "You know, Bitcoin going up to 70K would"}, {"start": "00:17:19", "end": "00:17:23", "text": "be equivalent to like this going up to"}, {"start": "00:17:20", "end": "00:17:26", "text": "2,000. So, that's not very hard to pump"}, {"start": "00:17:23", "end": "00:17:27", "text": "up to 2,000 here. Um, I think but by the"}, {"start": "00:17:26", "end": "00:17:30", "text": "end of this month potentially if Bitcoin"}, {"start": "00:17:27", "end": "00:17:32", "text": "at 74K, this could get up to 2,300,"}, {"start": "00:17:30", "end": "00:17:34", "text": "which I think is a good goal there."}, {"start": "00:17:32", "end": "00:17:36", "text": "After 2,300, I think you're going to see"}, {"start": "00:17:34", "end": "00:17:39", "text": "like an August kind of pullback or"}, {"start": "00:17:36", "end": "00:17:41", "text": "something. Probably back to h maybe,900."}, {"start": "00:17:39", "end": "00:17:44", "text": "Nothing too crazy. And then into end of"}, {"start": "00:17:41", "end": "00:17:47", "text": "year, what I would hope for quarter 4,"}, {"start": "00:17:44", "end": "00:17:50", "text": "high 2000s, maybe up to 3,000 by end of"}, {"start": "00:17:47", "end": "00:17:52", "text": "year potentially, um, if all goes well."}, {"start": "00:17:50", "end": "00:17:54", "text": "So, I'm optimistic on ETH. I think ETH"}, {"start": "00:17:52", "end": "00:17:57", "text": "looks really good right now. So yeah."}, {"start": "00:17:54", "end": "00:17:59", "text": ">> All right. So, uh, winning on ETH right"}, {"start": "00:17:57", "end": "00:18:03", "text": "now. Do you feel like we have hit the"}, {"start": "00:17:59", "end": "00:18:05", "text": "bottom? Is that your position right now?"}, {"start": "00:18:03", "end": "00:18:06", "text": ">> I hope we're going to"}, {"start": "00:18:05", "end": "00:18:08", "text": ">> a pullback."}, {"start": "00:18:06", "end": "00:18:10", "text": ">> Yeah, I really hope Heath hit the bottom"}, {"start": "00:18:08", "end": "00:18:12", "text": "because if it didn't hit the bottom and"}, {"start": "00:18:10", "end": "00:18:13", "text": "you go back to the April of 2025 lows"}, {"start": "00:18:12", "end": "00:18:15", "text": "here, that's bad. That's not good"}, {"start": "00:18:13", "end": "00:18:17", "text": "because there's no forward momentum"}, {"start": "00:18:15", "end": "00:18:20", "text": "here. This is like this is like you pro"}, {"start": "00:18:17", "end": "00:18:21", "text": "I don't want this under like 1400. Like"}, {"start": "00:18:20", "end": "00:18:22", "text": "if it loses those, I don't think"}, {"start": "00:18:21", "end": "00:18:23", "text": "there's,"}, {"start": "00:18:22", "end": "00:18:24", "text": ">> you know, it's probably not going to"}, {"start": "00:18:23", "end": "00:18:26", "text": "make a new alltime high in the next bull"}, {"start": "00:18:24", "end": "00:18:28", "text": "run, unfortunately, if it loses those"}, {"start": "00:18:26", "end": "00:18:31", "text": "areas. But I'm optimistic right now. And"}, {"start": "00:18:28", "end": "00:18:33", "text": "then Ethon versus its Bitcoin pair. Look"}, {"start": "00:18:31", "end": "00:18:35", "text": "at that nice momentum shift on your twoe"}, {"start": "00:18:33", "end": "00:18:37", "text": "here. Money flow coming up. So making a"}, {"start": "00:18:35", "end": "00:18:39", "text": "higher low. Fingers crossed. Let's be"}, {"start": "00:18:37", "end": "00:18:40", "text": "optimistic. I think ETH should have"}, {"start": "00:18:39", "end": "00:18:42", "text": "bottomed hopefully."}, {"start": "00:18:40", "end": "00:18:44", "text": ">> Yeah, you've got Hayden kind of agreeing"}, {"start": "00:18:42", "end": "00:18:45", "text": "with you right there. I can't believe"}, {"start": "00:18:44", "end": "00:18:48", "text": "I'm the one who has to tell you ETH"}, {"start": "00:18:45", "end": "00:18:50", "text": "appears to be money on the Robin Hood"}, {"start": "00:18:48", "end": "00:18:52", "text": "chain right now. uh and it's the base"}, {"start": "00:18:50", "end": "00:18:54", "text": "pair for trading which is intriguing"}, {"start": "00:18:52", "end": "00:18:56", "text": "because this is only going to be good"}, {"start": "00:18:54", "end": "00:18:59", "text": "for ETH. So it's burning ETH right now"}, {"start": "00:18:56", "end": "00:19:02", "text": "on the L1 to pay data storage fees which"}, {"start": "00:18:59", "end": "00:19:03", "text": "is our arbitum. So all this opportunity"}, {"start": "00:19:02", "end": "00:19:05", "text": "here right now for ETH. Then you got"}, {"start": "00:19:03", "end": "00:19:08", "text": "what's happening with Circle. I mean it"}, {"start": "00:19:05", "end": "00:19:11", "text": "just seems like the narrative is right"}, {"start": "00:19:08", "end": "00:19:12", "text": "for ETH right now. Everything is coming"}, {"start": "00:19:11", "end": "00:19:14", "text": "together. Evan,"}, {"start": "00:19:12", "end": "00:19:17", "text": ">> where do you think this could go on an"}, {"start": "00:19:14", "end": "00:19:20", "text": "all-time high in the next bull run for"}, {"start": "00:19:17", "end": "00:19:22", "text": "ETH? So I mean that's very hard. It's"}, {"start": "00:19:20", "end": "00:19:24", "text": "you know let's just focus on I mean the"}, {"start": "00:19:22", "end": "00:19:27", "text": "big place that everybody's hoped for"}, {"start": "00:19:24", "end": "00:19:30", "text": "last time was around you know 6,000 to"}, {"start": "00:19:27", "end": "00:19:33", "text": "7,400 these areas. So if we were to map"}, {"start": "00:19:30", "end": "00:19:36", "text": "this out like you know by 2029 or end of"}, {"start": "00:19:33", "end": "00:19:38", "text": "2028 my goal would be 7,000 hopefully a"}, {"start": "00:19:36", "end": "00:19:40", "text": "nice new alltime high. I mean, if you"}, {"start": "00:19:38", "end": "00:19:44", "text": "want to be really really optimistic,"}, {"start": "00:19:40", "end": "00:19:46", "text": "maybe just maybe 10 or 11,000, but"}, {"start": "00:19:44", "end": "00:19:47", "text": "there's a lot of roadblocks and other"}, {"start": "00:19:46", "end": "00:19:49", "text": "plenty of stuff we got to deal with. I"}, {"start": "00:19:47", "end": "00:19:50", "text": "mean, we need we we adjusted for"}, {"start": "00:19:49", "end": "00:19:52", "text": "inflation. We didn't even make a new"}, {"start": "00:19:50", "end": "00:19:55", "text": "all-time high since November of 2021."}, {"start": "00:19:52", "end": "00:19:57", "text": "So, that's an issue, but I think ETH is"}, {"start": "00:19:55", "end": "00:19:58", "text": "a good play right now. Definitely."}, {"start": "00:19:57", "end": "00:20:00", "text": ">> Another one we're watching very closely"}, {"start": "00:19:58", "end": "00:20:03", "text": "that obviously is related to this is"}, {"start": "00:20:00", "end": "00:20:06", "text": "UniS swap. Uniswap now TVL on Robin Hood"}, {"start": "00:20:03", "end": "00:20:08", "text": "app chain has surpassed 30 million. So,"}, {"start": "00:20:06", "end": "00:20:10", "text": "they're on the move. This is a chart to"}, {"start": "00:20:08", "end": "00:20:12", "text": "watch. If you look at unis swap, this is"}, {"start": "00:20:10", "end": "00:20:14", "text": "one that we're holding. Uh and we"}, {"start": "00:20:12", "end": "00:20:16", "text": "continue to look at this chart. It has"}, {"start": "00:20:14", "end": "00:20:20", "text": "been performing pretty well along with"}, {"start": "00:20:16", "end": "00:20:23", "text": "things like Jupiter etc. Um explain to"}, {"start": "00:20:20", "end": "00:20:25", "text": "me what you think uh unis swap could do"}, {"start": "00:20:23", "end": "00:20:27", "text": "maybe over the next six months."}, {"start": "00:20:25", "end": "00:20:29", "text": ">> So yeah, I mean next six months looks"}, {"start": "00:20:27", "end": "00:20:30", "text": "good man. I mean it's you know when you"}, {"start": "00:20:29", "end": "00:20:33", "text": "look at this area just a nice kind of"}, {"start": "00:20:30", "end": "00:20:36", "text": "bubble pop pattern and then you're kind"}, {"start": "00:20:33", "end": "00:20:38", "text": "of jumping up. So into end of year five,"}, {"start": "00:20:36", "end": "00:20:42", "text": "you know,5 to $7, you know, right here,"}, {"start": "00:20:38", "end": "00:20:44", "text": "you got 560, 560 to this big area right"}, {"start": "00:20:42", "end": "00:20:46", "text": "here. And this is the price that it"}, {"start": "00:20:44", "end": "00:20:48", "text": "really has been at for the past like 5"}, {"start": "00:20:46", "end": "00:20:50", "text": "years now. Essentially, this just middle"}, {"start": "00:20:48", "end": "00:20:52", "text": "$7 price. From a long-term technical"}, {"start": "00:20:50", "end": "00:20:54", "text": "perspective, this thing's been at a bare"}, {"start": "00:20:52", "end": "00:20:55", "text": "market for the last 5 years. So, that's"}, {"start": "00:20:54", "end": "00:20:57", "text": "not really good. And most things that"}, {"start": "00:20:55", "end": "00:20:58", "text": "have been in a bare market for that long"}, {"start": "00:20:57", "end": "00:21:00", "text": "usually don't make new all-time highs."}, {"start": "00:20:58", "end": "00:21:02", "text": "I'm not saying it can't make new"}, {"start": "00:21:00", "end": "00:21:03", "text": "all-time highs, but um you know, you"}, {"start": "00:21:02", "end": "00:21:05", "text": "definitely got to be careful. But into"}, {"start": "00:21:03", "end": "00:21:07", "text": "the end of the year, I think it'll do"}, {"start": "00:21:05", "end": "00:21:09", "text": "pretty well. You know, hopefully mid7s,"}, {"start": "00:21:07", "end": "00:21:11", "text": "I would hope for. So, yeah,"}, {"start": "00:21:09", "end": "00:21:14", "text": ">> Circle is receiving their final US"}, {"start": "00:21:11", "end": "00:21:17", "text": "approval. This will establish uh them as"}, {"start": "00:21:14", "end": "00:21:19", "text": "a cryptofocused trust bank. Um, so"}, {"start": "00:21:17", "end": "00:21:23", "text": "you've got Circle dominating. This of"}, {"start": "00:21:19", "end": "00:21:25", "text": "course plays into the ETH component. Uh,"}, {"start": "00:21:23", "end": "00:21:27", "text": "and there's an opportunity here, I"}, {"start": "00:21:25", "end": "00:21:29", "text": "think, also that kind of flows into this"}, {"start": "00:21:27", "end": "00:21:33", "text": "that I will play a clip for you. But"}, {"start": "00:21:29", "end": "00:21:35", "text": "when you see Circle getting a bank, we"}, {"start": "00:21:33", "end": "00:21:37", "text": "know that you've got Paxos and also"}, {"start": "00:21:35", "end": "00:21:39", "text": "Ripple in the running. I'm kind of"}, {"start": "00:21:37", "end": "00:21:43", "text": "curious out of the three, Paxos, Ripple,"}, {"start": "00:21:39", "end": "00:21:44", "text": "Circle. Which one do you think actually"}, {"start": "00:21:43", "end": "00:21:46", "text": "launches a bank? Not the license, gets"}, {"start": "00:21:44", "end": "00:21:48", "text": "the license because most of these have"}, {"start": "00:21:46", "end": "00:21:49", "text": "already kind of moved in that position."}, {"start": "00:21:48", "end": "00:21:51", "text": "Which one actually do you think launches"}, {"start": "00:21:49", "end": "00:21:54", "text": "first?"}, {"start": "00:21:51", "end": "00:21:55", "text": "Tough to say, man. That's so It's either"}, {"start": "00:21:54", "end": "00:21:58", "text": "going to be Ripple or Circle, I would"}, {"start": "00:21:55", "end": "00:22:00", "text": "think, right? One of those. Maybe Circle"}, {"start": "00:21:58", "end": "00:22:02", "text": "because the news and the hype and all"}, {"start": "00:22:00", "end": "00:22:03", "text": "that. It's very tough to say. What do"}, {"start": "00:22:02", "end": "00:22:04", "text": "you think, Paul? Any ideas on that? I"}, {"start": "00:22:03", "end": "00:22:06", "text": "wonder."}, {"start": "00:22:04", "end": "00:22:08", "text": ">> I think Ripple's got an inside track on"}, {"start": "00:22:06", "end": "00:22:10", "text": "it, but that's just, you know, but"}, {"start": "00:22:08", "end": "00:22:12", "text": "Circle is getting some very good news"}, {"start": "00:22:10", "end": "00:22:15", "text": "and I think they're also strategically"}, {"start": "00:22:12", "end": "00:22:18", "text": "aligned very well. uh and they they're"}, {"start": "00:22:15", "end": "00:22:20", "text": "one or two moves away from maybe"}, {"start": "00:22:18", "end": "00:22:21", "text": "outflanking Ripple and that is something"}, {"start": "00:22:20", "end": "00:22:23", "text": "that I think Garlinghouse is probably"}, {"start": "00:22:21", "end": "00:22:24", "text": "watching right now."}, {"start": "00:22:23", "end": "00:22:26", "text": ">> Yeah. So when you look at circle right"}, {"start": "00:22:24", "end": "00:22:29", "text": "here, this is like a very lowrisk"}, {"start": "00:22:26", "end": "00:22:30", "text": "highreward opportunity hitting a major"}, {"start": "00:22:29", "end": "00:22:33", "text": "point kind of the inception point here"}, {"start": "00:22:30", "end": "00:22:35", "text": "from June of 2025. Mid60s I think is"}, {"start": "00:22:33", "end": "00:22:37", "text": "great for this and this could run up"}, {"start": "00:22:35", "end": "00:22:38", "text": "potentially double from here, you know,"}, {"start": "00:22:37", "end": "00:22:40", "text": "run all the way back up to that 100"}, {"start": "00:22:38", "end": "00:22:43", "text": "mark. So I think there's a lot of"}, {"start": "00:22:40", "end": "00:22:45", "text": "potential here. If it loses $60, I'd be"}, {"start": "00:22:43", "end": "00:22:46", "text": "less optimistic, but right now, looking"}, {"start": "00:22:45", "end": "00:22:48", "text": "good."}, {"start": "00:22:46", "end": "00:22:50", "text": ">> Yeah. Well, timing could be right for"}, {"start": "00:22:48", "end": "00:22:52", "text": "them as well. Let's jump over to A real"}, {"start": "00:22:50", "end": "00:22:54", "text": "quick. Uh you can pull the chart up."}, {"start": "00:22:52", "end": "00:22:56", "text": "Before we do that, though, I want to"}, {"start": "00:22:54", "end": "00:22:57", "text": "show you uh something that they're"}, {"start": "00:22:56", "end": "00:22:59", "text": "launching, which is the A app. And"}, {"start": "00:22:57", "end": "00:23:01", "text": "there's a lot of benefits to this."}, {"start": "00:22:59", "end": "00:23:03", "text": "There's a huge amount of perks that you"}, {"start": "00:23:01", "end": "00:23:06", "text": "can do within this new app. Let's go to"}, {"start": "00:23:03", "end": "00:23:08", "text": "that clip. The the TLDDR is that we're"}, {"start": "00:23:06", "end": "00:23:11", "text": "right around the corner. A app is almost"}, {"start": "00:23:08", "end": "00:23:14", "text": "here. We already have uh 50 founding"}, {"start": "00:23:11", "end": "00:23:15", "text": "beta users. A app will be launching very"}, {"start": "00:23:14", "end": "00:23:18", "text": "shortly within the next few weeks. It"}, {"start": "00:23:15", "end": "00:23:20", "text": "comes with some incredible innovations."}, {"start": "00:23:18", "end": "00:23:21", "text": "Brand new balance protection program a"}, {"start": "00:23:20", "end": "00:23:23", "text": "counts which is going to allow us to"}, {"start": "00:23:21", "end": "00:23:26", "text": "vertically integrate uh the entire"}, {"start": "00:23:23", "end": "00:23:28", "text": "system and really minimize the amount of"}, {"start": "00:23:26", "end": "00:23:30", "text": "costs uh at the infrastructure level so"}, {"start": "00:23:28", "end": "00:23:31", "text": "that we can surface as much APY to the"}, {"start": "00:23:30", "end": "00:23:33", "text": "end user."}, {"start": "00:23:31", "end": "00:23:34", "text": ">> I have access."}, {"start": "00:23:33", "end": "00:23:36", "text": "[laughter]"}, {"start": "00:23:34", "end": "00:23:39", "text": "It's fully worth the wait. I can promise"}, {"start": "00:23:36", "end": "00:23:41", "text": "you that. So"}, {"start": "00:23:39", "end": "00:23:43", "text": ">> all right, there you have Hayden kind of"}, {"start": "00:23:41", "end": "00:23:45", "text": "showing this is going to be a big deal"}, {"start": "00:23:43", "end": "00:23:47", "text": "if for a if they can really pull this"}, {"start": "00:23:45", "end": "00:23:49", "text": "off. I think the key there will be how"}, {"start": "00:23:47", "end": "00:23:51", "text": "much you know onboarding they can handle"}, {"start": "00:23:49", "end": "00:23:53", "text": "to be able to grow the app size. When"}, {"start": "00:23:51", "end": "00:23:54", "text": "you look at the chart though this has"}, {"start": "00:23:53", "end": "00:23:58", "text": "been one of those that has really"}, {"start": "00:23:54", "end": "00:24:00", "text": "suffered. Where does it go from here?"}, {"start": "00:23:58", "end": "00:24:02", "text": ">> I mean yeah it really a lot of these"}, {"start": "00:24:00", "end": "00:24:03", "text": "things like I mentioned on unis swap I"}, {"start": "00:24:02", "end": "00:24:06", "text": "mean it's technically still been in a"}, {"start": "00:24:03", "end": "00:24:08", "text": "bare market since 2021. So that's what"}, {"start": "00:24:06", "end": "00:24:09", "text": "it has going against it. But it does"}, {"start": "00:24:08", "end": "00:24:11", "text": "look really good, you know, for the next"}, {"start": "00:24:09", "end": "00:24:13", "text": "four to 6 months into the end of the"}, {"start": "00:24:11", "end": "00:24:14", "text": "year. You know, nice momentum shift"}, {"start": "00:24:13", "end": "00:24:17", "text": "right here. You're getting a jump. I"}, {"start": "00:24:14", "end": "00:24:20", "text": "mean, it can easily run back up to 170"}, {"start": "00:24:17", "end": "00:24:22", "text": "potentially, maybe even um 260 if all"}, {"start": "00:24:20", "end": "00:24:24", "text": "goes well, which would be a little over"}, {"start": "00:24:22", "end": "00:24:26", "text": "a double. Um there's a lot that could"}, {"start": "00:24:24", "end": "00:24:27", "text": "happen. If we look at previous rallies"}, {"start": "00:24:26", "end": "00:24:30", "text": "here, you know, something like this from"}, {"start": "00:24:27", "end": "00:24:31", "text": "the same area. Yeah. By end of year 160"}, {"start": "00:24:30", "end": "00:24:32", "text": "would be a good guess. So I think"}, {"start": "00:24:31", "end": "00:24:35", "text": "there's potential. It looks pretty good"}, {"start": "00:24:32", "end": "00:24:38", "text": "in the for the next six months. Yeah."}, {"start": "00:24:35", "end": "00:24:40", "text": "News on Salana's ecosystem. You have"}, {"start": "00:24:38", "end": "00:24:43", "text": "Backpack launching their first 247"}, {"start": "00:24:40", "end": "00:24:44", "text": "brokerage for US equities. Uh this has"}, {"start": "00:24:43", "end": "00:24:47", "text": "gone live. They were also the company"}, {"start": "00:24:44", "end": "00:24:50", "text": "that was approved in Mika. Uh which was"}, {"start": "00:24:47", "end": "00:24:53", "text": "amazing. When you consider what is"}, {"start": "00:24:50", "end": "00:24:56", "text": "happening within the Salana ecosystem"}, {"start": "00:24:53", "end": "00:24:58", "text": "overall, how would you position Salana"}, {"start": "00:24:56", "end": "00:25:00", "text": "versus Ethereum right now? If you if you"}, {"start": "00:24:58", "end": "00:25:02", "text": "were investing and you only had to go"}, {"start": "00:25:00", "end": "00:25:03", "text": "with one, what do you think? Oh man. I"}, {"start": "00:25:02", "end": "00:25:05", "text": "mean that's"}, {"start": "00:25:03", "end": "00:25:06", "text": ">> that's tough. That's tough. I mean it"}, {"start": "00:25:05", "end": "00:25:08", "text": "depends how much risk you want to take."}, {"start": "00:25:06", "end": "00:25:09", "text": "So they both look good right now. They"}, {"start": "00:25:08", "end": "00:25:11", "text": "both look really good. Salana probably"}, {"start": "00:25:09", "end": "00:25:13", "text": "should be able to jump to $100"}, {"start": "00:25:11", "end": "00:25:15", "text": "relatively soon. Maybe even by the end"}, {"start": "00:25:13", "end": "00:25:17", "text": "of this month sometime there. If you"}, {"start": "00:25:15", "end": "00:25:19", "text": "wanted to I mean to answer that question"}, {"start": "00:25:17", "end": "00:25:21", "text": "I mean ETH versus Salana or excuse me"}, {"start": "00:25:19", "end": "00:25:24", "text": "Salana versus ETH getting a nice"}, {"start": "00:25:21", "end": "00:25:25", "text": "momentum shift right here. And Salana's"}, {"start": "00:25:24", "end": "00:25:28", "text": "outperformed ETH you know for the past"}, {"start": "00:25:25", "end": "00:25:31", "text": "three years essentially. So if you're"}, {"start": "00:25:28", "end": "00:25:34", "text": "following momentum, this probably would"}, {"start": "00:25:31", "end": "00:25:35", "text": "be the the choice to take, but be"}, {"start": "00:25:34", "end": "00:25:37", "text": "careful. I mean, in the short term, we"}, {"start": "00:25:35", "end": "00:25:39", "text": "are bleeding against ETH at the moment,"}, {"start": "00:25:37", "end": "00:25:41", "text": "but I I think it should continue"}, {"start": "00:25:39", "end": "00:25:44", "text": "forward. So I mean, I I wouldn't just"}, {"start": "00:25:41", "end": "00:25:47", "text": "buy one, but you know, I I hold more ETH"}, {"start": "00:25:44", "end": "00:25:48", "text": "than Salana personally, but I I do think"}, {"start": "00:25:47", "end": "00:25:50", "text": "there's a good shot that Soul can"}, {"start": "00:25:48", "end": "00:25:52", "text": "outperform ETH. So yeah."}, {"start": "00:25:50", "end": "00:25:54", "text": ">> All right. So there you go. And you got"}, {"start": "00:25:52", "end": "00:25:56", "text": "to remember too uh this will be a battle"}, {"start": "00:25:54", "end": "00:25:57", "text": "too in terms of just what's happening"}, {"start": "00:25:56", "end": "00:25:59", "text": "within the Robin Hood chain which will"}, {"start": "00:25:57", "end": "00:26:01", "text": "continue I think to push more"}, {"start": "00:25:59", "end": "00:26:03", "text": "availability and most likely more"}, {"start": "00:26:01", "end": "00:26:05", "text": "companies and projects building"}, {"start": "00:26:03", "end": "00:26:07", "text": ">> on Robin Hood chain which uh will be"}, {"start": "00:26:05", "end": "00:26:10", "text": "intriguing. Speaking of building though"}, {"start": "00:26:07", "end": "00:26:13", "text": "on chain you've got uh JTO of course JTX"}, {"start": "00:26:10", "end": "00:26:14", "text": "launching very soon. Uh this is a big"}, {"start": "00:26:13", "end": "00:26:17", "text": "deal. We're going to have them on to"}, {"start": "00:26:14", "end": "00:26:21", "text": "talk about this, but when JTX launches,"}, {"start": "00:26:17", "end": "00:26:24", "text": "this could expose a lot more liquidity"}, {"start": "00:26:21", "end": "00:26:27", "text": "into Salana in general. When you look at"}, {"start": "00:26:24", "end": "00:26:29", "text": "Jetto in general, how would you first of"}, {"start": "00:26:27", "end": "00:26:31", "text": "all, would this be a token like if if"}, {"start": "00:26:29", "end": "00:26:34", "text": "you think about what Jupiter has been"}, {"start": "00:26:31", "end": "00:26:36", "text": "able to do so far, very high performing"}, {"start": "00:26:34", "end": "00:26:38", "text": "token. GTO kind of in the same place."}, {"start": "00:26:36", "end": "00:26:40", "text": "What do you think?"}, {"start": "00:26:38", "end": "00:26:42", "text": ">> Yeah, I mean big momentum shift that"}, {"start": "00:26:40", "end": "00:26:44", "text": "we've seen since February. It's come up"}, {"start": "00:26:42", "end": "00:26:46", "text": "a lot. consolidating right now, which is"}, {"start": "00:26:44", "end": "00:26:47", "text": "good. Kind of a healthy correction. I"}, {"start": "00:26:46", "end": "00:26:48", "text": "would hope this comes down a little bit"}, {"start": "00:26:47", "end": "00:26:51", "text": "farther and gets a nice bounce off of"}, {"start": "00:26:48", "end": "00:26:53", "text": "like 45 or 50. But I think there's a"}, {"start": "00:26:51", "end": "00:26:55", "text": "decent shot, and keep in mind this one"}, {"start": "00:26:53", "end": "00:26:57", "text": "gets riskier, but there's a decent shot"}, {"start": "00:26:55", "end": "00:26:59", "text": "that if you can keep the momentum, you"}, {"start": "00:26:57", "end": "00:27:01", "text": "would eventually get back to up to, you"}, {"start": "00:26:59", "end": "00:27:03", "text": "know, a$180, which is like a 3x from"}, {"start": "00:27:01", "end": "00:27:06", "text": "here. So, you know, if you can hold"}, {"start": "00:27:03", "end": "00:27:08", "text": "generally break above and hold 70s,"}, {"start": "00:27:06", "end": "00:27:11", "text": "there's no reason why you wouldn't be"}, {"start": "00:27:08", "end": "00:27:12", "text": "able to jump up to a$180. So, there's"}, {"start": "00:27:11", "end": "00:27:14", "text": "some potential. I do think this is a"}, {"start": "00:27:12", "end": "00:27:16", "text": "little bit riskier than, you know, a lot"}, {"start": "00:27:14", "end": "00:27:16", "text": "of other things, but a lot of potential"}, {"start": "00:27:16", "end": "00:27:19", "text": "here. Definitely."}, {"start": "00:27:16", "end": "00:27:23", "text": ">> I like it. Okay. Very cool. Uh, just to"}, {"start": "00:27:19", "end": "00:27:25", "text": "be clear, cuz you had a number for"}, {"start": "00:27:23", "end": "00:27:27", "text": "July for Bitcoin that I wanted to make"}, {"start": "00:27:25", "end": "00:27:29", "text": "sure and confirm. Can we go back to the"}, {"start": "00:27:27", "end": "00:27:32", "text": "Bitcoin chart because you had a number"}, {"start": "00:27:29", "end": "00:27:36", "text": "that was about 75K, I think you said."}, {"start": "00:27:32", "end": "00:27:38", "text": ">> 74. 74K. So, one technical targets at"}, {"start": "00:27:36", "end": "00:27:41", "text": "74. I think like I think we'll at least"}, {"start": "00:27:38", "end": "00:27:44", "text": "get it to 70. That's very highly likely."}, {"start": "00:27:41", "end": "00:27:45", "text": "74 is slightly less likely, but I think"}, {"start": "00:27:44", "end": "00:27:47", "text": "that's well within the realm of"}, {"start": "00:27:45", "end": "00:27:49", "text": "possibilities by the end of this month."}, {"start": "00:27:47", "end": "00:27:51", "text": "74K. So, yeah."}, {"start": "00:27:49", "end": "00:27:52", "text": ">> All right, Evan Aldo, thank you so much"}, {"start": "00:27:51", "end": "00:27:54", "text": "for coming in today. Great to chat with"}, {"start": "00:27:52", "end": "00:27:55", "text": "you again. Glad to have you back in the"}, {"start": "00:27:54", "end": "00:27:57", "text": "States, so we'll probably have you in"}, {"start": "00:27:55", "end": "00:27:59", "text": "studio soon. I know you're still"}, {"start": "00:27:57", "end": "00:28:00", "text": "traveling, but uh we'll we'll get you in"}, {"start": "00:27:59", "end": "00:28:02", "text": "studio. Okay."}, {"start": "00:28:00", "end": "00:28:06", "text": ">> Yep. Looking forward to always honor"}, {"start": "00:28:02", "end": "00:28:06", "text": "talking to you, Paul. Thanks so much."}, {"start": "00:28:06", "end": "00:28:08", "text": ">> [music]"}, {"start": "00:28:10", "end": "00:28:14", "text": ">> If you like this video, hit like and"}, {"start": "00:28:12", "end": "00:28:16", "text": "subscribe. Drop a comment down below and"}, {"start": "00:28:14", "end": "00:28:17", "text": "also join our [music] free private"}, {"start": "00:28:16", "end": "00:28:20", "text": "member group. The link is in the"}, {"start": "00:28:17", "end": "00:28:20", "text": "description."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Today, we'll break it down for you"}, {"start": "00:00:01", "end": "00:00:05", "text": "because there's something brewing right"}, {"start": "00:00:02", "end": "00:00:07", "text": "now that could be affecting crypto in a"}, {"start": "00:00:05", "end": "00:00:09", "text": "very big way. So, let's check it out. I"}, {"start": "00:00:07", "end": "00:00:11", "text": "do want to thank our sponsor and that is"}, {"start": "00:00:09", "end": "00:00:13", "text": "Tandem where you guys can lock up your"}, {"start": "00:00:11", "end": "00:00:15", "text": "crypto as well as all of your digital"}, {"start": "00:00:13", "end": "00:00:18", "text": "assets on your own crypto hardware"}, {"start": "00:00:15", "end": "00:00:20", "text": "wallet. This is the best thing in self"}, {"start": "00:00:18", "end": "00:00:21", "text": "custody that's out there today. If you"}, {"start": "00:00:20", "end": "00:00:23", "text": "haven't got into self custody yet, you"}, {"start": "00:00:21", "end": "00:00:25", "text": "should be. Make sure and use our link."}, {"start": "00:00:23", "end": "00:00:27", "text": "You're going to get additional bonuses"}, {"start": "00:00:25", "end": "00:00:30", "text": "and discounts on just getting your first"}, {"start": "00:00:27", "end": "00:00:32", "text": "three card set. get your crypto hardware"}, {"start": "00:00:30", "end": "00:00:35", "text": "wallet today. It is the best way to hold"}, {"start": "00:00:32", "end": "00:00:37", "text": "your assets, especially in a time like"}, {"start": "00:00:35", "end": "00:00:39", "text": "right now where the market is uh trading"}, {"start": "00:00:37", "end": "00:00:42", "text": "down. So, let's take a look at a couple"}, {"start": "00:00:39", "end": "00:00:44", "text": "of things that is happening within the"}, {"start": "00:00:42", "end": "00:00:45", "text": "Bitcoin mining ecosystem. And the first"}, {"start": "00:00:44", "end": "00:00:47", "text": "thing I want to hit on right here is the"}, {"start": "00:00:45", "end": "00:00:50", "text": "Bank of America says the AI boom is"}, {"start": "00:00:47", "end": "00:00:53", "text": "driving a major shift from cash flow"}, {"start": "00:00:50", "end": "00:00:55", "text": "from hyperscalers chip to chip makers."}, {"start": "00:00:53", "end": "00:00:57", "text": "So these are all the guys that are"}, {"start": "00:00:55", "end": "00:00:59", "text": "raising prices on your computers. Every"}, {"start": "00:00:57", "end": "00:01:01", "text": "computer and phone out there that you"}, {"start": "00:00:59", "end": "00:01:03", "text": "need access to, including the AI"}, {"start": "00:01:01", "end": "00:01:05", "text": "computers that are running. All these"}, {"start": "00:01:03", "end": "00:01:07", "text": "chips is what's driving this up. Comes"}, {"start": "00:01:05", "end": "00:01:08", "text": "down to two major companies, Micron and"}, {"start": "00:01:07", "end": "00:01:10", "text": "Samsung. We'll talk about those in a"}, {"start": "00:01:08", "end": "00:01:12", "text": "second, but the point is is that's where"}, {"start": "00:01:10", "end": "00:01:14", "text": "the rotation is. It's why you have seen"}, {"start": "00:01:12", "end": "00:01:17", "text": "these chip companies absolutely flying"}, {"start": "00:01:14", "end": "00:01:19", "text": "on the S&P 500. Let's talk about a fresh"}, {"start": "00:01:17", "end": "00:01:21", "text": "IPO here with SKH Heinix. This is going"}, {"start": "00:01:19", "end": "00:01:23", "text": "to be one that will be jumping onto the"}, {"start": "00:01:21", "end": "00:01:26", "text": "market, which will also start to put"}, {"start": "00:01:23", "end": "00:01:29", "text": "more pressure on liquidity because it is"}, {"start": "00:01:26", "end": "00:01:31", "text": "a chipmaker. This listing is going to be"}, {"start": "00:01:29", "end": "00:01:34", "text": "about a third the size of SpaceX. So,"}, {"start": "00:01:31", "end": "00:01:37", "text": "this is a behemoth. And it's going to be"}, {"start": "00:01:34", "end": "00:01:39", "text": "the largest international listing that"}, {"start": "00:01:37", "end": "00:01:42", "text": "we've had since Saudi Aramco, which was"}, {"start": "00:01:39", "end": "00:01:44", "text": "the largest. It was 25.6 billion. That"}, {"start": "00:01:42", "end": "00:01:46", "text": "was back in 2019. And similar was"}, {"start": "00:01:44", "end": "00:01:48", "text": "Alibaba, which was in 2014. So point"}, {"start": "00:01:46", "end": "00:01:51", "text": "being, we've got more liquidity coming"}, {"start": "00:01:48", "end": "00:01:53", "text": "to the market right now. Two blockbuster"}, {"start": "00:01:51", "end": "00:01:56", "text": "public debuts of AI stocks could also"}, {"start": "00:01:53", "end": "00:01:58", "text": "pull a lot more capital from crypto in"}, {"start": "00:01:56", "end": "00:02:00", "text": "general. This is where we're going with"}, {"start": "00:01:58", "end": "00:02:02", "text": "this. The other one to kind of keep an"}, {"start": "00:02:00", "end": "00:02:05", "text": "eye on right here is a little company, I"}, {"start": "00:02:02", "end": "00:02:07", "text": "shouldn't say little, called CXMT. This"}, {"start": "00:02:05", "end": "00:02:09", "text": "is a Chinese chip maker right now. Right"}, {"start": "00:02:07", "end": "00:02:11", "text": "now they're valued at about 4.3 billion"}, {"start": "00:02:09", "end": "00:02:13", "text": "through possible listing. This is going"}, {"start": "00:02:11", "end": "00:02:15", "text": "to be going in the Shanghai listing."}, {"start": "00:02:13", "end": "00:02:18", "text": "Every major manufacturer out there of"}, {"start": "00:02:15", "end": "00:02:20", "text": "any kind of device needs chips to be"}, {"start": "00:02:18", "end": "00:02:23", "text": "able to produce them. So you have Apple,"}, {"start": "00:02:20", "end": "00:02:25", "text": "Android, Xbox, all the games, every"}, {"start": "00:02:23", "end": "00:02:28", "text": "mobile device you can imagine. Almost"}, {"start": "00:02:25", "end": "00:02:30", "text": "every type of computer and electronic"}, {"start": "00:02:28", "end": "00:02:31", "text": "device is requiring these chips. There's"}, {"start": "00:02:30", "end": "00:02:33", "text": "two major companies out there, Micron"}, {"start": "00:02:31", "end": "00:02:36", "text": "and Samsung. Now what you've got is"}, {"start": "00:02:33", "end": "00:02:40", "text": "China trying to position essentially a"}, {"start": "00:02:36", "end": "00:02:42", "text": "state sponsored CXMT company that will"}, {"start": "00:02:40", "end": "00:02:43", "text": "start to do this and they are growing"}, {"start": "00:02:42", "end": "00:02:46", "text": "very fast. In other words, they're"}, {"start": "00:02:43", "end": "00:02:48", "text": "starting to expand dramatically. If you"}, {"start": "00:02:46", "end": "00:02:50", "text": "look at their market share right now,"}, {"start": "00:02:48", "end": "00:02:53", "text": "you can kind of compare right here with"}, {"start": "00:02:50", "end": "00:02:55", "text": "Micron, their Sky Heinix, Samsung taking"}, {"start": "00:02:53", "end": "00:02:59", "text": "the bulk of it. And then you look at"}, {"start": "00:02:55", "end": "00:03:00", "text": "this small amount right there, CXMT 8%."}, {"start": "00:02:59", "end": "00:03:03", "text": "Just kind of compare this all the way"}, {"start": "00:03:00", "end": "00:03:06", "text": "back to Q1 of 2025. That was 3% growth,"}, {"start": "00:03:03", "end": "00:03:08", "text": "four 68, and now eight again. Nobody"}, {"start": "00:03:06", "end": "00:03:10", "text": "else has been really growing at that"}, {"start": "00:03:08", "end": "00:03:12", "text": "kind of rate. And this is going to be"}, {"start": "00:03:10", "end": "00:03:14", "text": "the largest listing in China's history."}, {"start": "00:03:12", "end": "00:03:16", "text": "And another thing that will play into"}, {"start": "00:03:14", "end": "00:03:18", "text": "this, of course, is Apple's interest in"}, {"start": "00:03:16", "end": "00:03:20", "text": "CXMT. Again, because of the devices that"}, {"start": "00:03:18", "end": "00:03:23", "text": "are in China, they are going to be"}, {"start": "00:03:20", "end": "00:03:26", "text": "utilizing this company for their chip"}, {"start": "00:03:23", "end": "00:03:28", "text": "manufacturing. And of course, that means"}, {"start": "00:03:26", "end": "00:03:31", "text": "that we look at memory devices sold in"}, {"start": "00:03:28", "end": "00:03:34", "text": "China starting to ramp up. This is a"}, {"start": "00:03:31", "end": "00:03:36", "text": "major portion of Apple's sales. Even Tim"}, {"start": "00:03:34", "end": "00:03:38", "text": "Cook had to go to Trump and the"}, {"start": "00:03:36", "end": "00:03:40", "text": "administration to be able to buy from"}, {"start": "00:03:38", "end": "00:03:41", "text": "this company because of the way they are"}, {"start": "00:03:40", "end": "00:03:43", "text": "listed. They are blacklisted. So if you"}, {"start": "00:03:41", "end": "00:03:46", "text": "look at China CXMT starting to build"}, {"start": "00:03:43", "end": "00:03:49", "text": "their book right now, this is July up to"}, {"start": "00:03:46", "end": "00:03:51", "text": "July 15th, 4.3 billion on the Shanghai"}, {"start": "00:03:49", "end": "00:03:54", "text": "IPO, biggest in China, but when you"}, {"start": "00:03:51", "end": "00:03:57", "text": "compare it to a US IPO, this is"}, {"start": "00:03:54", "end": "00:03:59", "text": "minuscule. So imagine the opportunity"}, {"start": "00:03:57", "end": "00:04:02", "text": "here that they're starting to enter."}, {"start": "00:03:59", "end": "00:04:03", "text": "First small market share growth is"}, {"start": "00:04:02", "end": "00:04:07", "text": "growing. They're competing against"}, {"start": "00:04:03", "end": "00:04:09", "text": "Samsung, Micron, and Skyhanx. Those are"}, {"start": "00:04:07", "end": "00:04:10", "text": "the kind of seems uh situations that"}, {"start": "00:04:09", "end": "00:04:12", "text": "you're going to see with chip"}, {"start": "00:04:10", "end": "00:04:15", "text": "manufacturing. And if we continue to see"}, {"start": "00:04:12", "end": "00:04:17", "text": "the pressure on AI and hyperscalers"}, {"start": "00:04:15", "end": "00:04:19", "text": "growing, this is one of the core"}, {"start": "00:04:17", "end": "00:04:21", "text": "components. So imagine what this will"}, {"start": "00:04:19", "end": "00:04:24", "text": "look like. So here is one of the"}, {"start": "00:04:21", "end": "00:04:27", "text": "companies that has access to some of"}, {"start": "00:04:24", "end": "00:04:29", "text": "these chip makers in China. This is a"}, {"start": "00:04:27", "end": "00:04:32", "text": "crane shares. Uh it's called the SSE"}, {"start": "00:04:29", "end": "00:04:34", "text": "Star Market 50 index. And if you look at"}, {"start": "00:04:32", "end": "00:04:36", "text": "the growth of this particular this is"}, {"start": "00:04:34", "end": "00:04:38", "text": "available over there right now uh on the"}, {"start": "00:04:36", "end": "00:04:39", "text": "stock market. So you can see this is the"}, {"start": "00:04:38", "end": "00:04:41", "text": "kind of growth that we've seen since"}, {"start": "00:04:39", "end": "00:04:44", "text": "September. Remember this is when we"}, {"start": "00:04:41", "end": "00:04:45", "text": "started to see the implication of AI"}, {"start": "00:04:44", "end": "00:04:48", "text": "starting to make its way into chip"}, {"start": "00:04:45", "end": "00:04:50", "text": "manufacturing and was really a precursor"}, {"start": "00:04:48", "end": "00:04:53", "text": "even to the explosion that we saw with"}, {"start": "00:04:50", "end": "00:04:56", "text": "Micron. So big news ahead right there if"}, {"start": "00:04:53", "end": "00:04:58", "text": "they start to go out because this fund"}, {"start": "00:04:56", "end": "00:05:01", "text": "right now trades under the name Crane"}, {"start": "00:04:58", "end": "00:05:03", "text": "Shares Market 50 on or around July 20th."}, {"start": "00:05:01", "end": "00:05:06", "text": "The fund's name is going to change to"}, {"start": "00:05:03", "end": "00:05:07", "text": "Crane Shares China Technology and"}, {"start": "00:05:06", "end": "00:05:10", "text": "Semiconductor"}, {"start": "00:05:07", "end": "00:05:12", "text": "Star 50. So there you guys have it. Let"}, {"start": "00:05:10", "end": "00:05:14", "text": "me go over here to Crane Shares just on"}, {"start": "00:05:12", "end": "00:05:16", "text": "the chart right now. This is June of"}, {"start": "00:05:14", "end": "00:05:18", "text": "2025 just to take a look. People are"}, {"start": "00:05:16", "end": "00:05:19", "text": "starting to move on this. And look at"}, {"start": "00:05:18", "end": "00:05:22", "text": "this green candle right here. That's the"}, {"start": "00:05:19", "end": "00:05:24", "text": "daily right now as we're recording this."}, {"start": "00:05:22", "end": "00:05:26", "text": "That's the pop that this of course has"}, {"start": "00:05:24", "end": "00:05:28", "text": "been taking. Everybody sees the writing"}, {"start": "00:05:26", "end": "00:05:31", "text": "on the wall and that is that chips for"}, {"start": "00:05:28", "end": "00:05:34", "text": "at least a while are going to be in the"}, {"start": "00:05:31", "end": "00:05:35", "text": "limelight for AI and productivity. So,"}, {"start": "00:05:34", "end": "00:05:37", "text": "how is this going to affect Bitcoin?"}, {"start": "00:05:35", "end": "00:05:39", "text": "Let's go over to the Bitcoin hash rate"}, {"start": "00:05:37", "end": "00:05:42", "text": "price. I want to zoom in on a little"}, {"start": "00:05:39", "end": "00:05:43", "text": "section right here. Let me kind of get"}, {"start": "00:05:42", "end": "00:05:46", "text": "up here a little bit so you guys can see"}, {"start": "00:05:43", "end": "00:05:48", "text": "this. This right here was when China"}, {"start": "00:05:46", "end": "00:05:50", "text": "basically banned Bitcoin mining. All"}, {"start": "00:05:48", "end": "00:05:51", "text": "right, that's the problem. That's the"}, {"start": "00:05:50", "end": "00:05:53", "text": "last time they really had an"}, {"start": "00:05:51", "end": "00:05:55", "text": "implication. This, of course, is going"}, {"start": "00:05:53", "end": "00:05:58", "text": "to start to get much more implicated"}, {"start": "00:05:55", "end": "00:06:01", "text": "because of the fact that now miners are"}, {"start": "00:05:58", "end": "00:06:02", "text": "looking for new ways to earn income. And"}, {"start": "00:06:01", "end": "00:06:05", "text": "this is one of the factors that we're"}, {"start": "00:06:02", "end": "00:06:07", "text": "playing into. Now, if you show this"}, {"start": "00:06:05", "end": "00:06:09", "text": "right here in the comparison, uh these"}, {"start": "00:06:07", "end": "00:06:11", "text": "are two charts showing Bitcoin miners"}, {"start": "00:06:09", "end": "00:06:14", "text": "shifting revenue from mining to AI. All"}, {"start": "00:06:11", "end": "00:06:17", "text": "right, simple cut and dry company"}, {"start": "00:06:14", "end": "00:06:20", "text": "comparison. And this was 2024 versus the"}, {"start": "00:06:17", "end": "00:06:23", "text": "projected 2026 revenue. And this is on"}, {"start": "00:06:20", "end": "00:06:24", "text": "uh Terowolf. And I'll explain why here"}, {"start": "00:06:23", "end": "00:06:27", "text": "in a second. But you can kind of see"}, {"start": "00:06:24", "end": "00:06:29", "text": "here's the Q1 of 2025. And then here it"}, {"start": "00:06:27", "end": "00:06:31", "text": "is right here. The shift has started to"}, {"start": "00:06:29", "end": "00:06:34", "text": "occur of where we're starting to see uh"}, {"start": "00:06:31", "end": "00:06:37", "text": "these chips being leased out and used"}, {"start": "00:06:34", "end": "00:06:39", "text": "for AI instead of Bitcoin mining. So"}, {"start": "00:06:37", "end": "00:06:41", "text": "when you look at the importance of hash"}, {"start": "00:06:39", "end": "00:06:43", "text": "rate because this tells the market it"}, {"start": "00:06:41", "end": "00:06:45", "text": "pretty much controls everything. we saw"}, {"start": "00:06:43", "end": "00:06:47", "text": "this draw down, this massive draw down"}, {"start": "00:06:45", "end": "00:06:49", "text": "in January of 26. Let's take a look at"}, {"start": "00:06:47", "end": "00:06:52", "text": "what happened then. This of course was"}, {"start": "00:06:49", "end": "00:06:55", "text": "the biggest draw down that we had seen"}, {"start": "00:06:52", "end": "00:06:56", "text": "uh since the B the China B mining ban."}, {"start": "00:06:55", "end": "00:06:58", "text": "And if you look at this, this was a"}, {"start": "00:06:56", "end": "00:07:00", "text": "severe winter storm in the United States"}, {"start": "00:06:58", "end": "00:07:02", "text": "for several large mining firms. Remember"}, {"start": "00:07:00", "end": "00:07:04", "text": "down in Texas, a lot of Texas operators"}, {"start": "00:07:02", "end": "00:07:06", "text": "out there to cut operations trig"}, {"start": "00:07:04", "end": "00:07:08", "text": "triggering of course a hash rate"}, {"start": "00:07:06", "end": "00:07:10", "text": "reduction. So which of course hits"}, {"start": "00:07:08", "end": "00:07:13", "text": "revenue. Another point I want to get at"}, {"start": "00:07:10", "end": "00:07:15", "text": "is Terowolf themselves. they jump on a"}, {"start": "00:07:13", "end": "00:07:17", "text": "$19 mill billion dollar data center"}, {"start": "00:07:15", "end": "00:07:20", "text": "lease deal with Anthropic. So you can"}, {"start": "00:07:17", "end": "00:07:23", "text": "see what was a Bitcoin miner is now"}, {"start": "00:07:20", "end": "00:07:25", "text": "starting to shift heavily into AI. I"}, {"start": "00:07:23", "end": "00:07:27", "text": "want to go to a clip of their CEO"}, {"start": "00:07:25", "end": "00:07:29", "text": "talking about this or their CFO talking"}, {"start": "00:07:27", "end": "00:07:32", "text": "about this. Take a look."}, {"start": "00:07:29", "end": "00:07:36", "text": ">> You know that means average annual net"}, {"start": "00:07:32", "end": "00:07:38", "text": "operating income of about 800 million."}, {"start": "00:07:36", "end": "00:07:39", "text": "The lease also has two 5-year"}, {"start": "00:07:38", "end": "00:07:42", "text": "extensions. If you assume those"}, {"start": "00:07:39", "end": "00:07:45", "text": "extensions are exercised, it's over 33"}, {"start": "00:07:42", "end": "00:07:46", "text": "billion of revenue, right? I mean, these"}, {"start": "00:07:45", "end": "00:07:47", "text": "are huge numbers."}, {"start": "00:07:46", "end": "00:07:49", "text": ">> All right. So, the reason that's"}, {"start": "00:07:47", "end": "00:07:50", "text": "important because that's a 20-year"}, {"start": "00:07:49", "end": "00:07:53", "text": "lease. So, that pretty much takes"}, {"start": "00:07:50", "end": "00:07:56", "text": "Terowolf out of the equation for Bitcoin"}, {"start": "00:07:53", "end": "00:07:57", "text": "mining. Does that mean we could see a"}, {"start": "00:07:56", "end": "00:08:00", "text": "lot of other miners going in this"}, {"start": "00:07:57", "end": "00:08:02", "text": "direction as well? Let's take a look at"}, {"start": "00:08:00", "end": "00:08:04", "text": "the active addresses historical chart."}, {"start": "00:08:02", "end": "00:08:07", "text": "And this really happened right when the"}, {"start": "00:08:04", "end": "00:08:09", "text": "ETF started to hit. This is the falloff."}, {"start": "00:08:07", "end": "00:08:12", "text": "Then you had centralization"}, {"start": "00:08:09", "end": "00:08:15", "text": "uh of a lot of the sex exchanges uh"}, {"start": "00:08:12", "end": "00:08:17", "text": "centralized exchanges out there that"}, {"start": "00:08:15", "end": "00:08:19", "text": "were centralizing their wallet. So again"}, {"start": "00:08:17", "end": "00:08:21", "text": "active address is falling. This of"}, {"start": "00:08:19", "end": "00:08:23", "text": "course starts to take away from mining"}, {"start": "00:08:21", "end": "00:08:25", "text": "in terms of the requirement for it. This"}, {"start": "00:08:23", "end": "00:08:27", "text": "is the hash rate issue that we're facing"}, {"start": "00:08:25", "end": "00:08:29", "text": "right now. Now Lynn Alden is trying to"}, {"start": "00:08:27", "end": "00:08:31", "text": "address this issue. We should probably"}, {"start": "00:08:29", "end": "00:08:32", "text": "get her on to talk about this. But she"}, {"start": "00:08:31", "end": "00:08:34", "text": "talks about Bitcoin mining is going to"}, {"start": "00:08:32", "end": "00:08:37", "text": "end up in maybe other hands. Take a"}, {"start": "00:08:34", "end": "00:08:39", "text": "look. it does make them make sense"}, {"start": "00:08:37", "end": "00:08:41", "text": "economically to shift more toward AI."}, {"start": "00:08:39", "end": "00:08:43", "text": "And I think that that that kind of"}, {"start": "00:08:41", "end": "00:08:46", "text": "pushes Bitcoin miners toward the the the"}, {"start": "00:08:43", "end": "00:08:47", "text": "scrappier uh parts of the market, the"}, {"start": "00:08:46", "end": "00:08:49", "text": "ones going out to get the stranded"}, {"start": "00:08:47", "end": "00:08:51", "text": "natural gas. Um, and if anything, that"}, {"start": "00:08:49", "end": "00:08:52", "text": "should be decentralizing for the"}, {"start": "00:08:51", "end": "00:08:54", "text": "network."}, {"start": "00:08:52", "end": "00:08:57", "text": ">> Where are we at in terms of the cost to"}, {"start": "00:08:54", "end": "00:08:59", "text": "actually mine Bitcoin versus the the"}, {"start": "00:08:57", "end": "00:09:00", "text": "spot price?"}, {"start": "00:08:59", "end": "00:09:02", "text": ">> I don't have it in front of me at the"}, {"start": "00:09:00", "end": "00:09:05", "text": "moment. I mean, right now, pure Bitcoin"}, {"start": "00:09:02", "end": "00:09:07", "text": "miners are it's rough out there. Um it's"}, {"start": "00:09:05", "end": "00:09:09", "text": "a rough time out there for for miners."}, {"start": "00:09:07", "end": "00:09:10", "text": ">> So when do you think capital will rotate"}, {"start": "00:09:09", "end": "00:09:14", "text": "back into Bitcoin?"}, {"start": "00:09:10", "end": "00:09:15", "text": ">> Um the the the current chip move has to"}, {"start": "00:09:14", "end": "00:09:17", "text": "slow down."}, {"start": "00:09:15", "end": "00:09:19", "text": ">> All right. So she hit it on the head"}, {"start": "00:09:17", "end": "00:09:22", "text": "right there and that's the current chip"}, {"start": "00:09:19", "end": "00:09:24", "text": "move needs to slow down and the rotation"}, {"start": "00:09:22", "end": "00:09:26", "text": "of capital I don't think is going to"}, {"start": "00:09:24", "end": "00:09:29", "text": "slow down especially if we continue to"}, {"start": "00:09:26", "end": "00:09:31", "text": "see migration of these miners moving"}, {"start": "00:09:29", "end": "00:09:34", "text": "after it's kind of like a you know a"}, {"start": "00:09:31", "end": "00:09:36", "text": "circle jar here. You've got AI growing,"}, {"start": "00:09:34", "end": "00:09:38", "text": "which creates the demand. The demand"}, {"start": "00:09:36", "end": "00:09:40", "text": "forces Bitcoin miners to look at"}, {"start": "00:09:38", "end": "00:09:42", "text": "alternative markets. The alternative"}, {"start": "00:09:40", "end": "00:09:44", "text": "markets start to see the bleed rate and"}, {"start": "00:09:42", "end": "00:09:45", "text": "reinvest back into the chip"}, {"start": "00:09:44", "end": "00:09:48", "text": "manufacturing. So, it's, you know, until"}, {"start": "00:09:45", "end": "00:09:51", "text": "we see productivity and AI slowing,"}, {"start": "00:09:48", "end": "00:09:52", "text": "which could happen. I think that's the"}, {"start": "00:09:51", "end": "00:09:54", "text": "major factor here that's going to affect"}, {"start": "00:09:52", "end": "00:09:55", "text": "continue to affect Bitcoin mining"}, {"start": "00:09:54", "end": "00:09:58", "text": "overall. The other thing you have to"}, {"start": "00:09:55", "end": "00:10:01", "text": "look at, of course, is BIP 110. This is"}, {"start": "00:09:58", "end": "00:10:04", "text": "continuing to be a potential Bitcoin"}, {"start": "00:10:01", "end": "00:10:06", "text": "fork nightmare which is happening in 29"}, {"start": "00:10:04", "end": "00:10:08", "text": "days, guys. This is going to happen one"}, {"start": "00:10:06", "end": "00:10:09", "text": "way or the other what side you're on."}, {"start": "00:10:08", "end": "00:10:11", "text": "Here's Fred Krueger. He talks about it"}, {"start": "00:10:09", "end": "00:10:14", "text": "right here. 16, this is surprising, too."}, {"start": "00:10:11", "end": "00:10:17", "text": "16% of reachable nodes are signaling"}, {"start": "00:10:14", "end": "00:10:19", "text": "that they are in favor of BIP 110. Go do"}, {"start": "00:10:17", "end": "00:10:20", "text": "some research on it. We've done a full"}, {"start": "00:10:19", "end": "00:10:23", "text": "video on that to kind of explain this,"}, {"start": "00:10:20", "end": "00:10:25", "text": "but basically it splits Bitcoin into two"}, {"start": "00:10:23", "end": "00:10:27", "text": "major areas. The other area you have to"}, {"start": "00:10:25", "end": "00:10:29", "text": "look at is sentiment around BIP 110. And"}, {"start": "00:10:27", "end": "00:10:31", "text": "this is uh Udy kind of talking about it."}, {"start": "00:10:29", "end": "00:10:33", "text": "It's achieved the goal already. It's"}, {"start": "00:10:31", "end": "00:10:36", "text": "already won because it's utterly"}, {"start": "00:10:33", "end": "00:10:38", "text": "destroyed Bitcoin core as an org and"}, {"start": "00:10:36", "end": "00:10:40", "text": "it's exposing the intellectual"}, {"start": "00:10:38", "end": "00:10:42", "text": "bankruptcy of open- source Bitcoin"}, {"start": "00:10:40", "end": "00:10:45", "text": "community. So not happy out there uh"}, {"start": "00:10:42", "end": "00:10:48", "text": "with the way things are going. Adam back"}, {"start": "00:10:45", "end": "00:10:50", "text": "of course this is another issue where he"}, {"start": "00:10:48", "end": "00:10:51", "text": "had a Bitcoin treasury firm. They were"}, {"start": "00:10:50", "end": "00:10:53", "text": "trying to do a merger with Cantor"}, {"start": "00:10:51", "end": "00:10:56", "text": "Fitzgerald. You guys know who that is."}, {"start": "00:10:53", "end": "00:10:58", "text": "And now they've completely scrapped it."}, {"start": "00:10:56", "end": "00:11:01", "text": "So, Cantor is out. That's another spack"}, {"start": "00:10:58", "end": "00:11:03", "text": "that does not make it to the market that"}, {"start": "00:11:01", "end": "00:11:04", "text": "was really centered around Bitcoin."}, {"start": "00:11:03", "end": "00:11:06", "text": "Peter Schiff kind of hits on it right"}, {"start": "00:11:04", "end": "00:11:08", "text": "here. He's talking about big banks"}, {"start": "00:11:06", "end": "00:11:10", "text": "market doesn't really believe Bitcoin is"}, {"start": "00:11:08", "end": "00:11:12", "text": "going to rise this year. And if they"}, {"start": "00:11:10", "end": "00:11:14", "text": "did, Stretch would be trading near 100"}, {"start": "00:11:12", "end": "00:11:16", "text": "bucks. Instead, it's at 87. Agree with"}, {"start": "00:11:14", "end": "00:11:18", "text": "him there. We've talked about this quite"}, {"start": "00:11:16", "end": "00:11:20", "text": "a bit. Pricing is substantial, very"}, {"start": "00:11:18", "end": "00:11:22", "text": "dividend uh cut risk. So, this is"}, {"start": "00:11:20", "end": "00:11:24", "text": "another factor that plays into all of"}, {"start": "00:11:22", "end": "00:11:26", "text": "this for Bitcoin's price. Now, I've got"}, {"start": "00:11:24", "end": "00:11:29", "text": "a clip here of Michael Sailor talking"}, {"start": "00:11:26", "end": "00:11:33", "text": "about something kind of shocking."}, {"start": "00:11:29", "end": "00:11:36", "text": "Listen. The downstream step is just take"}, {"start": "00:11:33", "end": "00:11:39", "text": "some, you know, take 60% credit, 40%"}, {"start": "00:11:36", "end": "00:11:43", "text": "currency, and create a Bitcoin back"}, {"start": "00:11:39", "end": "00:11:46", "text": "stable coin that pays 7%. And right now,"}, {"start": "00:11:43", "end": "00:11:48", "text": "stable coins pay 0%."}, {"start": "00:11:46", "end": "00:11:51", "text": "What happens to stretch? If Bitcoin"}, {"start": "00:11:48", "end": "00:11:54", "text": "fells to 20,000, 50,000 and stayed there"}, {"start": "00:11:51", "end": "00:11:56", "text": "for 18, maybe 24 months, would the"}, {"start": "00:11:54", "end": "00:11:59", "text": "investors still receive their promised"}, {"start": "00:11:56", "end": "00:12:01", "text": "yield? Is there a point at which they"}, {"start": "00:11:59", "end": "00:12:04", "text": "would lose their principle?"}, {"start": "00:12:01", "end": "00:12:09", "text": ">> Um the the company"}, {"start": "00:12:04", "end": "00:12:15", "text": "is uh way over collateralized right now."}, {"start": "00:12:09", "end": "00:12:18", "text": "So, so if Bitcoin were to fall 90 92%"}, {"start": "00:12:15", "end": "00:12:21", "text": "then that's very bad for the equity."}, {"start": "00:12:18", "end": "00:12:23", "text": "We'd have to refinance the debt, right?"}, {"start": "00:12:21", "end": "00:12:26", "text": "And it probably causes the credit to"}, {"start": "00:12:23", "end": "00:12:28", "text": "trade weak at 90%."}, {"start": "00:12:26", "end": "00:12:32", "text": "Um, but I don't think we would default"}, {"start": "00:12:28", "end": "00:12:36", "text": "on anything. If if Bitcoin falls 70%."}, {"start": "00:12:32", "end": "00:12:38", "text": "Again, I can't guarantee what prices all"}, {"start": "00:12:36", "end": "00:12:41", "text": "of the credit trade at because that's a"}, {"start": "00:12:38", "end": "00:12:43", "text": "market sentiment thing, but we wouldn't"}, {"start": "00:12:41", "end": "00:12:47", "text": "miss the dividends. All right. So, a lot"}, {"start": "00:12:43", "end": "00:12:48", "text": "to unpack there. The key is is that I"}, {"start": "00:12:47", "end": "00:12:50", "text": "think Sailor sees it. First of all, he"}, {"start": "00:12:48", "end": "00:12:54", "text": "is wrong about one thing, and that is"}, {"start": "00:12:50", "end": "00:12:56", "text": "the market is paying 7% on stable coins,"}, {"start": "00:12:54", "end": "00:12:58", "text": "and they're all piling in on this. But"}, {"start": "00:12:56", "end": "00:13:00", "text": "Robin Hood announced it with USDG in"}, {"start": "00:12:58", "end": "00:13:04", "text": "their vaults. Now Coinbase One members"}, {"start": "00:13:00", "end": "00:13:08", "text": "can earn 7% and win lending USDC. So it"}, {"start": "00:13:04", "end": "00:13:09", "text": "is out there right now and available. So"}, {"start": "00:13:08", "end": "00:13:11", "text": "I don't know where he's coming from"}, {"start": "00:13:09", "end": "00:13:13", "text": "there. And the other factor that he's"}, {"start": "00:13:11", "end": "00:13:15", "text": "talking about here is that if stretch"}, {"start": "00:13:13", "end": "00:13:18", "text": "doesn't come back to peg and we continue"}, {"start": "00:13:15", "end": "00:13:20", "text": "to see the market marking down, that is"}, {"start": "00:13:18", "end": "00:13:23", "text": "the factor that she was asking about is"}, {"start": "00:13:20", "end": "00:13:26", "text": "what happens if we continue to see a sub"}, {"start": "00:13:23", "end": "00:13:27", "text": "maybe 60 or 50k Bitcoin. These are the"}, {"start": "00:13:26", "end": "00:13:29", "text": "pressure points that of course Micro"}, {"start": "00:13:27", "end": "00:13:32", "text": "Strategy and Stretch have on top of"}, {"start": "00:13:29", "end": "00:13:34", "text": "them. He also mentioned sentiment and I"}, {"start": "00:13:32", "end": "00:13:35", "text": "think that is the biggest thing. We've"}, {"start": "00:13:34", "end": "00:13:37", "text": "talked about this quite a bit here on"}, {"start": "00:13:35", "end": "00:13:39", "text": "the channel is that Bitcoin along with"}, {"start": "00:13:37", "end": "00:13:42", "text": "crypto trades on sentiment and I think"}, {"start": "00:13:39", "end": "00:13:45", "text": "they have finally realized yes that is"}, {"start": "00:13:42", "end": "00:13:47", "text": "the case. Another factor that plays into"}, {"start": "00:13:45", "end": "00:13:50", "text": "all of this narrative is what's going on"}, {"start": "00:13:47", "end": "00:13:52", "text": "with a because right now a has now"}, {"start": "00:13:50", "end": "00:13:53", "text": "launched their program where stable"}, {"start": "00:13:52", "end": "00:13:55", "text": "vaults power their new program."}, {"start": "00:13:53", "end": "00:13:56", "text": "Eventually, you're going to be able to"}, {"start": "00:13:55", "end": "00:14:00", "text": "get, I shouldn't say eventually, now"}, {"start": "00:13:56", "end": "00:14:03", "text": "you're able to get vaults on instead of"}, {"start": "00:14:00", "end": "00:14:05", "text": "a variable rate, a fixed rate. So,"}, {"start": "00:14:03", "end": "00:14:07", "text": "you'll have the chance of being able to"}, {"start": "00:14:05", "end": "00:14:10", "text": "compete with deals like Stretch. This is"}, {"start": "00:14:07", "end": "00:14:12", "text": "where it gets very interesting versus"}, {"start": "00:14:10", "end": "00:14:13", "text": "the volatility of what we could be"}, {"start": "00:14:12", "end": "00:14:16", "text": "seeing on some of these other products"}, {"start": "00:14:13", "end": "00:14:19", "text": "that are out there around Bitcoin. So,"}, {"start": "00:14:16", "end": "00:14:22", "text": "last point I want to hit on is well, if"}, {"start": "00:14:19", "end": "00:14:23", "text": "you look at this statement from uh and"}, {"start": "00:14:22", "end": "00:14:25", "text": "we go back into the archives here, this"}, {"start": "00:14:23", "end": "00:14:29", "text": "is a statement from Jensen Wong, CEO of"}, {"start": "00:14:25", "end": "00:14:31", "text": "Nvidia, but this was back in 2021. And"}, {"start": "00:14:29", "end": "00:14:33", "text": "what he was talking about here was that"}, {"start": "00:14:31", "end": "00:14:36", "text": "the value of Ethereum was going to be"}, {"start": "00:14:33", "end": "00:14:39", "text": "advancing in crypto mining, especially"}, {"start": "00:14:36", "end": "00:14:42", "text": "as global semiconductor shortages start"}, {"start": "00:14:39", "end": "00:14:44", "text": "to rise. So, did he see the future here?"}, {"start": "00:14:42", "end": "00:14:47", "text": "semiconductor shortages driving pressure"}, {"start": "00:14:44", "end": "00:14:50", "text": "on Bitcoin miners, miners now shifting"}, {"start": "00:14:47", "end": "00:14:52", "text": "to AI and Ethereum going to proof of"}, {"start": "00:14:50", "end": "00:14:55", "text": "stake which starts to change everything."}, {"start": "00:14:52", "end": "00:14:58", "text": "So his point ETH was the winner here and"}, {"start": "00:14:55", "end": "00:15:00", "text": "may end up being the winner long run as"}, {"start": "00:14:58", "end": "00:15:03", "text": "we start to see this market change. So"}, {"start": "00:15:00", "end": "00:15:07", "text": "this is a I know it's a complex uh"}, {"start": "00:15:03", "end": "00:15:09", "text": "thesis of understanding why chips AI are"}, {"start": "00:15:07", "end": "00:15:11", "text": "affecting Bitcoin and crypto in general"}, {"start": "00:15:09", "end": "00:15:13", "text": "but also look at just the liquidity and"}, {"start": "00:15:11", "end": "00:15:16", "text": "the sentiment nature of how trading"}, {"start": "00:15:13", "end": "00:15:18", "text": "works. Once you start to see that things"}, {"start": "00:15:16", "end": "00:15:20", "text": "will clear up for you. Hopefully you"}, {"start": "00:15:18", "end": "00:15:23", "text": "guys can subscribe and we'll uh do more"}, {"start": "00:15:20", "end": "00:15:23", "text": "on this soon."}, {"start": "00:15:27", "end": "00:15:31", "text": "If you like [music] this video, hit like"}, {"start": "00:15:29", "end": "00:15:33", "text": "and subscribe. Drop a comment down below"}, {"start": "00:15:31", "end": "00:15:34", "text": "and also join our free [music] private"}, {"start": "00:15:33", "end": "00:15:37", "text": "member group. The link is in the"}, {"start": "00:15:34", "end": "00:15:37", "text": "description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "A whale buying spree is underway today."}, {"start": "00:00:02", "end": "00:00:05", "text": "We're going to be breaking down some"}, {"start": "00:00:03", "end": "00:00:06", "text": "good things that could be going on in"}, {"start": "00:00:05", "end": "00:00:08", "text": "the market, but also some other things"}, {"start": "00:00:06", "end": "00:00:09", "text": "to watch. So, stick around for all that."}, {"start": "00:00:08", "end": "00:00:12", "text": "I want to thank our sponsor today, and"}, {"start": "00:00:09", "end": "00:00:14", "text": "that is OKX. In a time like right now,"}, {"start": "00:00:12", "end": "00:00:16", "text": "volatility is one of the biggest things"}, {"start": "00:00:14", "end": "00:00:21", "text": "that can happen. One thing you can do is"}, {"start": "00:00:16", "end": "00:00:23", "text": "earn up to 4.1% APY both on USDG as well"}, {"start": "00:00:21", "end": "00:00:26", "text": "as RLUSD. So, start earning over there"}, {"start": "00:00:23", "end": "00:00:28", "text": "today. This is available for you by"}, {"start": "00:00:26", "end": "00:00:30", "text": "using our link. So, this is a big deal."}, {"start": "00:00:28", "end": "00:00:31", "text": "No subscriptions. You don't have to be"}, {"start": "00:00:30", "end": "00:00:34", "text": "part of a membership or anything like"}, {"start": "00:00:31", "end": "00:00:35", "text": "that. And best of all, no lockups here."}, {"start": "00:00:34", "end": "00:00:37", "text": "So, you guys can earn, you know, and"}, {"start": "00:00:35", "end": "00:00:39", "text": "then immediately get your money back. It"}, {"start": "00:00:37", "end": "00:00:42", "text": "doesn't matter. So, very easy to do it."}, {"start": "00:00:39", "end": "00:00:44", "text": "You guys can jump over to okx.com"}, {"start": "00:00:42", "end": "00:00:45", "text": "and check it out over there. Use our"}, {"start": "00:00:44", "end": "00:00:48", "text": "link for some special offers to get"}, {"start": "00:00:45", "end": "00:00:51", "text": "going. All right. I want to go into a"}, {"start": "00:00:48", "end": "00:00:53", "text": "few points today that I think will give"}, {"start": "00:00:51", "end": "00:00:56", "text": "a little bit of bullish news coming in."}, {"start": "00:00:53", "end": "00:00:57", "text": "And uh Ben Gman kind of hit uh hit it on"}, {"start": "00:00:56", "end": "00:00:59", "text": "the head here. I'm getting a tingling"}, {"start": "00:00:57", "end": "00:01:01", "text": "feeling. crypto is back. How do you guys"}, {"start": "00:00:59", "end": "00:01:04", "text": "feel? Do you have that tingling feeling"}, {"start": "00:01:01", "end": "00:01:06", "text": "that crypto is back or do you see some"}, {"start": "00:01:04", "end": "00:01:07", "text": "things that could be signs for the"}, {"start": "00:01:06", "end": "00:01:10", "text": "bottom? Because I think that is what I'm"}, {"start": "00:01:07", "end": "00:01:13", "text": "watching. If you look at the the process"}, {"start": "00:01:10", "end": "00:01:15", "text": "of the bottom being in, the question is"}, {"start": "00:01:13", "end": "00:01:18", "text": "how long does that bottom last? Here was"}, {"start": "00:01:15", "end": "00:01:20", "text": "an analysis on the bottom building in"}, {"start": "00:01:18", "end": "00:01:22", "text": "progress. And if you look at a few"}, {"start": "00:01:20", "end": "00:01:24", "text": "points, I want to highlight a couple of"}, {"start": "00:01:22", "end": "00:01:27", "text": "things within this article. Uh since"}, {"start": "00:01:24", "end": "00:01:28", "text": "early February 2026, price traded below"}, {"start": "00:01:27", "end": "00:01:30", "text": "the active investor cost basis, the"}, {"start": "00:01:28", "end": "00:01:32", "text": "recent buyer break even level"}, {"start": "00:01:30", "end": "00:01:35", "text": "approximately 5 months, making this one"}, {"start": "00:01:32", "end": "00:01:37", "text": "of the more extended deep value episodes"}, {"start": "00:01:35", "end": "00:01:40", "text": "that we've seen in Bitcoin. So if you"}, {"start": "00:01:37", "end": "00:01:44", "text": "compare that to also where that mean"}, {"start": "00:01:40", "end": "00:01:45", "text": "value is and the realized price, you'll"}, {"start": "00:01:44", "end": "00:01:46", "text": "start to see the blue line is realized"}, {"start": "00:01:45", "end": "00:01:49", "text": "price. you'll start to see the last time"}, {"start": "00:01:46", "end": "00:01:52", "text": "we saw this was in December of 22 where"}, {"start": "00:01:49", "end": "00:01:54", "text": "it actually dipped below and then we saw"}, {"start": "00:01:52", "end": "00:01:55", "text": "the market respond. This is kind of"}, {"start": "00:01:54", "end": "00:01:57", "text": "where we are right now. It doesn't mean"}, {"start": "00:01:55", "end": "00:01:59", "text": "it can't go below this realized price"}, {"start": "00:01:57", "end": "00:02:02", "text": "level, but the point is could it be"}, {"start": "00:01:59", "end": "00:02:04", "text": "starting to set the basis for a market"}, {"start": "00:02:02", "end": "00:02:05", "text": "bottom? And the fact that we've got"}, {"start": "00:02:04", "end": "00:02:08", "text": "everything that going wrong right now, I"}, {"start": "00:02:05", "end": "00:02:12", "text": "feel like in in macro and Bitcoin is"}, {"start": "00:02:08", "end": "00:02:15", "text": "still holding at 62K is a pretty uh good"}, {"start": "00:02:12", "end": "00:02:17", "text": "sign I think of we might have and or be"}, {"start": "00:02:15", "end": "00:02:19", "text": "entering a bottom. Here was Brownstone"}, {"start": "00:02:17", "end": "00:02:20", "text": "uh talking about this. Bitcoin sellers"}, {"start": "00:02:19", "end": "00:02:23", "text": "are exhausted and recently price action"}, {"start": "00:02:20", "end": "00:02:24", "text": "may be proof of a bare market bottom. Uh"}, {"start": "00:02:23", "end": "00:02:26", "text": "and this is you know a bullish"}, {"start": "00:02:24", "end": "00:02:28", "text": "divergence. You know, we've talked about"}, {"start": "00:02:26", "end": "00:02:30", "text": "this many times with Tim and and I think"}, {"start": "00:02:28", "end": "00:02:33", "text": "some analysts now are starting to watch"}, {"start": "00:02:30", "end": "00:02:34", "text": "this as well, is that we are seeing the"}, {"start": "00:02:33", "end": "00:02:36", "text": "kind of activity, especially when you"}, {"start": "00:02:34", "end": "00:02:37", "text": "look at at the whales, and I'll show you"}, {"start": "00:02:36", "end": "00:02:39", "text": "something that's kind of interesting on"}, {"start": "00:02:37", "end": "00:02:41", "text": "that here in a second. But I've got a"}, {"start": "00:02:39", "end": "00:02:43", "text": "clip here talking about are we close to"}, {"start": "00:02:41", "end": "00:02:45", "text": "the bottom or not? Take a look. Bad news"}, {"start": "00:02:43", "end": "00:02:48", "text": "isn't moving the market lower that maybe"}, {"start": "00:02:45", "end": "00:02:49", "text": "that's an indication that things are"}, {"start": "00:02:48", "end": "00:02:51", "text": "steadily improving. I know that's sort"}, {"start": "00:02:49", "end": "00:02:54", "text": "of a silver lining, but you would think"}, {"start": "00:02:51", "end": "00:02:56", "text": "that, you know, the Iran war ceasefire"}, {"start": "00:02:54", "end": "00:02:58", "text": "ending or, you know, like you said, a"}, {"start": "00:02:56", "end": "00:03:00", "text": "hawkish Fed. It's been a lot of things"}, {"start": "00:02:58", "end": "00:03:02", "text": "that would traditionally be bad move uh"}, {"start": "00:03:00", "end": "00:03:03", "text": "bad news and potentially actually move"}, {"start": "00:03:02", "end": "00:03:05", "text": "the market down. So, the fact that we're"}, {"start": "00:03:03", "end": "00:03:07", "text": "holding strong kind of the title here"}, {"start": "00:03:05", "end": "00:03:09", "text": "maybe is a signal. It is to me."}, {"start": "00:03:07", "end": "00:03:11", "text": ">> Yeah. I mean, Micro Strategy selling has"}, {"start": "00:03:09", "end": "00:03:12", "text": "not really three and a half thousand"}, {"start": "00:03:11", "end": "00:03:16", "text": "bitcoins not really had much of an"}, {"start": "00:03:12", "end": "00:03:18", "text": "effect. Not massively optimistic, but"}, {"start": "00:03:16", "end": "00:03:21", "text": "you know, maybe we're at this kind of"}, {"start": "00:03:18", "end": "00:03:23", "text": "investor capitulation point right now."}, {"start": "00:03:21", "end": "00:03:25", "text": "MVRV, so that's market value over"}, {"start": "00:03:23", "end": "00:03:28", "text": "realized value. So, it tells you"}, {"start": "00:03:25", "end": "00:03:30", "text": "sentiment uh is low. It tells you that"}, {"start": "00:03:28", "end": "00:03:33", "text": "uh a lot of people are hurting right"}, {"start": "00:03:30", "end": "00:03:35", "text": "now. And to me, that's that's been"}, {"start": "00:03:33", "end": "00:03:38", "text": "that's indicative of a close us being"}, {"start": "00:03:35", "end": "00:03:40", "text": "very close to a cycle low."}, {"start": "00:03:38", "end": "00:03:43", "text": "These are the kind of pain points that"}, {"start": "00:03:40", "end": "00:03:45", "text": "you do feel in a true bare market. Uh"}, {"start": "00:03:43", "end": "00:03:48", "text": "capitulation is the question I have. Do"}, {"start": "00:03:45", "end": "00:03:50", "text": "we see enough of that in the market? And"}, {"start": "00:03:48", "end": "00:03:52", "text": "I think to a certain extent there"}, {"start": "00:03:50", "end": "00:03:55", "text": "probably is. Uh Matt Hogan had some"}, {"start": "00:03:52", "end": "00:03:58", "text": "interesting analysis on this that can"}, {"start": "00:03:55", "end": "00:03:59", "text": "compares this back to 2019. Listen to"}, {"start": "00:03:58", "end": "00:04:01", "text": "what he had to say and then I'll give"}, {"start": "00:03:59", "end": "00:04:03", "text": "you some insights on that."}, {"start": "00:04:01", "end": "00:04:07", "text": ">> This feeling feels very familiar. This"}, {"start": "00:04:03", "end": "00:04:10", "text": "feels a lot to me like early 2019 era"}, {"start": "00:04:07", "end": "00:04:12", "text": "crypto winter. Um uh where you sort of"}, {"start": "00:04:10", "end": "00:04:14", "text": "have this uh this period where you go"}, {"start": "00:04:12", "end": "00:04:17", "text": "sideways and then a little period down."}, {"start": "00:04:14", "end": "00:04:20", "text": "People get angry, people rage quit, uh"}, {"start": "00:04:17", "end": "00:04:23", "text": "fear and greed spikes, uh towards zero."}, {"start": "00:04:20", "end": "00:04:25", "text": "But it is worth noting that effectively"}, {"start": "00:04:23", "end": "00:04:27", "text": "all of the negative news that I can"}, {"start": "00:04:25", "end": "00:04:30", "text": "imagine is already well known in the"}, {"start": "00:04:27", "end": "00:04:31", "text": "market. Uh Micro Strategy is well known"}, {"start": "00:04:30", "end": "00:04:34", "text": "in the market. The Clarity Act is well"}, {"start": "00:04:31", "end": "00:04:36", "text": "known in the market. Uh you know the"}, {"start": "00:04:34", "end": "00:04:38", "text": "substitution effect is well known in the"}, {"start": "00:04:36", "end": "00:04:40", "text": "market. So I do think we're in the"}, {"start": "00:04:38", "end": "00:04:42", "text": "process of bottoming. Doesn't mean we"}, {"start": "00:04:40", "end": "00:04:43", "text": "pinpoint here and go back higher. I"}, {"start": "00:04:42", "end": "00:04:45", "text": "think it's totally possible we trade"}, {"start": "00:04:43", "end": "00:04:48", "text": "into the 50s. But I would what I was"}, {"start": "00:04:45", "end": "00:04:50", "text": "telling uh some folks at a advisor"}, {"start": "00:04:48", "end": "00:04:52", "text": "conference I was at yesterday. Is this"}, {"start": "00:04:50", "end": "00:04:55", "text": "is an interesting moment to sort of"}, {"start": "00:04:52", "end": "00:04:58", "text": "T-wap into Bitcoin uh and your high"}, {"start": "00:04:55", "end": "00:05:00", "text": "conviction bets and know that in a year"}, {"start": "00:04:58", "end": "00:05:02", "text": "from now you'll be happy. And if in a"}, {"start": "00:05:00", "end": "00:05:04", "text": "month from now you might be wishing you"}, {"start": "00:05:02", "end": "00:05:06", "text": "had waited but in a year from now I"}, {"start": "00:05:04", "end": "00:05:07", "text": "think you'll be pretty happy."}, {"start": "00:05:06", "end": "00:05:09", "text": ">> So what you saw there with Matt, let me"}, {"start": "00:05:07", "end": "00:05:11", "text": "kind of run this back here uh to give"}, {"start": "00:05:09", "end": "00:05:14", "text": "you kind of some insights here. So this"}, {"start": "00:05:11", "end": "00:05:16", "text": "is the range right here that I'm kind of"}, {"start": "00:05:14", "end": "00:05:19", "text": "focusing in which is that July range."}, {"start": "00:05:16", "end": "00:05:21", "text": "And if you look at July, we'll go right"}, {"start": "00:05:19", "end": "00:05:23", "text": "there. It was pretty much flat right"}, {"start": "00:05:21", "end": "00:05:26", "text": "there. In reality it was what right at"}, {"start": "00:05:23", "end": "00:05:28", "text": "13% all the way into February of 2020."}, {"start": "00:05:26", "end": "00:05:30", "text": "And then of course we know what happened"}, {"start": "00:05:28", "end": "00:05:32", "text": "after that. That was when we dipped down"}, {"start": "00:05:30", "end": "00:05:34", "text": "obviously for COVID. That's not going to"}, {"start": "00:05:32", "end": "00:05:36", "text": "happen again. So my estimation you're"}, {"start": "00:05:34", "end": "00:05:38", "text": "going to continue to go flat here."}, {"start": "00:05:36", "end": "00:05:40", "text": "You're looking at this bottom range and"}, {"start": "00:05:38", "end": "00:05:43", "text": "the question is is it shorter and then"}, {"start": "00:05:40", "end": "00:05:46", "text": "does it turn up and we see a market"}, {"start": "00:05:43", "end": "00:05:47", "text": "recovery? Does this go into 2027? That's"}, {"start": "00:05:46", "end": "00:05:49", "text": "the real question I think a lot of"}, {"start": "00:05:47", "end": "00:05:50", "text": "analysts are asking right now. Let me"}, {"start": "00:05:49", "end": "00:05:52", "text": "know what you guys think. Do you think"}, {"start": "00:05:50", "end": "00:05:53", "text": "we get a 100,000 Bitcoin? Because"}, {"start": "00:05:52", "end": "00:05:55", "text": "there's a hand handful of people think"}, {"start": "00:05:53", "end": "00:05:57", "text": "we're going to see 100,000 Bitcoin in"}, {"start": "00:05:55", "end": "00:06:00", "text": "2026. Let me know what you guys think."}, {"start": "00:05:57", "end": "00:06:02", "text": "Is that going to happen in 27 or will it"}, {"start": "00:06:00", "end": "00:06:04", "text": "happen in 26? Other things I wanted to"}, {"start": "00:06:02", "end": "00:06:06", "text": "jump on right here because this is"}, {"start": "00:06:04", "end": "00:06:10", "text": "another reason maybe whales are buying"}, {"start": "00:06:06", "end": "00:06:12", "text": "and whales have accumulated over 270,000"}, {"start": "00:06:10", "end": "00:06:16", "text": "Bitcoin. That's the largest 30-day whale"}, {"start": "00:06:12", "end": "00:06:17", "text": "accumulation since 2013. So big numbers"}, {"start": "00:06:16", "end": "00:06:21", "text": "out there right now. And if you look at"}, {"start": "00:06:17", "end": "00:06:23", "text": "ETFs, this has been a death spiral on"}, {"start": "00:06:21", "end": "00:06:25", "text": "ETFs. That's the run that we have been"}, {"start": "00:06:23", "end": "00:06:28", "text": "running at since May, which have been"}, {"start": "00:06:25", "end": "00:06:30", "text": "negative outflows on Bitcoin. And now we"}, {"start": "00:06:28", "end": "00:06:34", "text": "have a little bit of a positive move."}, {"start": "00:06:30", "end": "00:06:37", "text": "So, is that little move right there"}, {"start": "00:06:34", "end": "00:06:38", "text": "maybe something to consider a bottom"}, {"start": "00:06:37", "end": "00:06:41", "text": "signal? Again, these are somewhat"}, {"start": "00:06:38", "end": "00:06:44", "text": "positive signs in a very bad situation"}, {"start": "00:06:41", "end": "00:06:46", "text": "that's brewing still on the macro front."}, {"start": "00:06:44", "end": "00:06:48", "text": "And to what everybody was talking about"}, {"start": "00:06:46", "end": "00:06:50", "text": "is that you've got the Fed, you've got"}, {"start": "00:06:48", "end": "00:06:52", "text": "what's going on in Iran, you've got, you"}, {"start": "00:06:50", "end": "00:06:54", "text": "know, peaking inflation, a whole"}, {"start": "00:06:52", "end": "00:06:56", "text": "situation around jobs, and let's not"}, {"start": "00:06:54", "end": "00:06:59", "text": "forget about clarity and the mismatch"}, {"start": "00:06:56", "end": "00:07:01", "text": "that's going on in DC."}, {"start": "00:06:59", "end": "00:07:03", "text": "I think that in itself and being able to"}, {"start": "00:07:01", "end": "00:07:06", "text": "hold the market as it has been over just"}, {"start": "00:07:03", "end": "00:07:09", "text": "the last few weeks has been that's a"}, {"start": "00:07:06", "end": "00:07:11", "text": "relief, I feel like. So, it's a it's a"}, {"start": "00:07:09", "end": "00:07:14", "text": "pretty significant issue that's playing"}, {"start": "00:07:11", "end": "00:07:17", "text": "out. Another signal here to me that"}, {"start": "00:07:14", "end": "00:07:20", "text": "mainstream finance getting into the"}, {"start": "00:07:17", "end": "00:07:22", "text": "market now tells me they are a lot more"}, {"start": "00:07:20", "end": "00:07:24", "text": "committed to this and especially someone"}, {"start": "00:07:22", "end": "00:07:26", "text": "like Vanguard. You even have Veric"}, {"start": "00:07:24", "end": "00:07:28", "text": "Baluna saying it right here. Uh Vanguard"}, {"start": "00:07:26", "end": "00:07:30", "text": "reached out to him about the digital"}, {"start": "00:07:28", "end": "00:07:32", "text": "asset job and he said, \"Hey, that's"}, {"start": "00:07:30", "end": "00:07:34", "text": "okay. You haven't bent the knee or been"}, {"start": "00:07:32", "end": "00:07:36", "text": "orange peeled yet. Uh but they want to"}, {"start": "00:07:34", "end": "00:07:38", "text": "utilize the tech.\" I think they're going"}, {"start": "00:07:36", "end": "00:07:39", "text": "to I think they're going to bend the"}, {"start": "00:07:38", "end": "00:07:42", "text": "knee, but I think they're going to do it"}, {"start": "00:07:39", "end": "00:07:44", "text": "more on a digital asset front as a"}, {"start": "00:07:42", "end": "00:07:46", "text": "whole. And really, that's what the"}, {"start": "00:07:44", "end": "00:07:47", "text": "digital asset uh director or I guess"}, {"start": "00:07:46", "end": "00:07:50", "text": "their head of digital assets is asking"}, {"start": "00:07:47", "end": "00:07:51", "text": "for is to really look at infrastructure"}, {"start": "00:07:50", "end": "00:07:54", "text": "and use case. I think they're going to"}, {"start": "00:07:51", "end": "00:07:55", "text": "start to figure out what this really"}, {"start": "00:07:54", "end": "00:07:57", "text": "means to the market and they're going to"}, {"start": "00:07:55", "end": "00:08:00", "text": "move on it with a lot more activity,"}, {"start": "00:07:57", "end": "00:08:02", "text": "maybe more ETFs, maybe something even"}, {"start": "00:08:00", "end": "00:08:04", "text": "more special around this as well to"}, {"start": "00:08:02", "end": "00:08:06", "text": "compete with the likes of Black Rockck."}, {"start": "00:08:04", "end": "00:08:08", "text": "So be on the lookout for that. Bitcoin"}, {"start": "00:08:06", "end": "00:08:11", "text": "also had a red May and June. It averaged"}, {"start": "00:08:08", "end": "00:08:14", "text": "19% of return in July. If this repeats,"}, {"start": "00:08:11", "end": "00:08:17", "text": "July uh could tap the 70 to 71 room. I"}, {"start": "00:08:14", "end": "00:08:20", "text": "don't know if you saw 70 to 71 for"}, {"start": "00:08:17", "end": "00:08:24", "text": "Bitcoin, would you exit the market right"}, {"start": "00:08:20", "end": "00:08:25", "text": "there and reby if we see a 50? How would"}, {"start": "00:08:24", "end": "00:08:28", "text": "you play this? Or just hold through,"}, {"start": "00:08:25", "end": "00:08:29", "text": "continue to dollar cost average. How"}, {"start": "00:08:28", "end": "00:08:32", "text": "would you guys play that market if we"}, {"start": "00:08:29", "end": "00:08:33", "text": "see that kind of performance? Let's go"}, {"start": "00:08:32", "end": "00:08:36", "text": "over to Ethereum real quick just to show"}, {"start": "00:08:33", "end": "00:08:39", "text": "you the 30-day on uh ETH ETFs which has"}, {"start": "00:08:36", "end": "00:08:41", "text": "started to turn around here in the last"}, {"start": "00:08:39", "end": "00:08:44", "text": "30 days. Not a bad look right now for"}, {"start": "00:08:41", "end": "00:08:45", "text": "Ethereum. There are a handful of things"}, {"start": "00:08:44", "end": "00:08:48", "text": "too that you have to watch for."}, {"start": "00:08:45", "end": "00:08:50", "text": "Institutions are loading up again. Uh"}, {"start": "00:08:48", "end": "00:08:52", "text": "ETFs bought 70 million worth of ET"}, {"start": "00:08:50", "end": "00:08:54", "text": "yesterday. Large daily inflow 28 days."}, {"start": "00:08:52", "end": "00:08:57", "text": "We just showed the chart there. Five"}, {"start": "00:08:54", "end": "00:09:00", "text": "straight days of buying 162 mil. Uh so"}, {"start": "00:08:57", "end": "00:09:02", "text": "this is good news in general. So, if you"}, {"start": "00:09:00", "end": "00:09:04", "text": "consider uh what Matt was talking about"}, {"start": "00:09:02", "end": "00:09:07", "text": "in terms of 2019 and you do an ETH"}, {"start": "00:09:04", "end": "00:09:08", "text": "Bitcoin chart on this and go back into"}, {"start": "00:09:07", "end": "00:09:10", "text": "July, you can kind of see there was a"}, {"start": "00:09:08", "end": "00:09:14", "text": "little bit of downrun there, but then of"}, {"start": "00:09:10", "end": "00:09:16", "text": "course, Ethereum exploded in performance"}, {"start": "00:09:14", "end": "00:09:18", "text": "over Bitcoin. So, look at the chart here"}, {"start": "00:09:16", "end": "00:09:21", "text": "as it starts to move all the way into"}, {"start": "00:09:18", "end": "00:09:24", "text": "December of 2021. That is a massive run"}, {"start": "00:09:21", "end": "00:09:26", "text": "here, guys, on digital assets for a long"}, {"start": "00:09:24", "end": "00:09:29", "text": "period of time before we started to see"}, {"start": "00:09:26", "end": "00:09:31", "text": "really the pullback that began where"}, {"start": "00:09:29", "end": "00:09:33", "text": "Bitcoin started to take control back in"}, {"start": "00:09:31", "end": "00:09:35", "text": "22 and 23. So, these are the kind of"}, {"start": "00:09:33", "end": "00:09:37", "text": "things that we're watching very closely."}, {"start": "00:09:35", "end": "00:09:39", "text": "And I think as we see that and the"}, {"start": "00:09:37", "end": "00:09:42", "text": "explosion of what's happening with Robin"}, {"start": "00:09:39", "end": "00:09:44", "text": "Hood right now, Robin Hood's daily chain"}, {"start": "00:09:42", "end": "00:09:45", "text": "uh DEX volume hits a record high. This"}, {"start": "00:09:44", "end": "00:09:46", "text": "is 560 million. This thing's going to"}, {"start": "00:09:45", "end": "00:09:50", "text": "explode, I think. And we're going to"}, {"start": "00:09:46", "end": "00:09:52", "text": "continue to see more activity on this. I"}, {"start": "00:09:50", "end": "00:09:54", "text": "think now granted, you know, we were"}, {"start": "00:09:52", "end": "00:09:56", "text": "talking about this in studio just a few"}, {"start": "00:09:54", "end": "00:09:58", "text": "minutes ago, is that, and this may be"}, {"start": "00:09:56", "end": "00:10:00", "text": "true, is that Robin's probably going to"}, {"start": "00:09:58", "end": "00:10:02", "text": "have a lot of retail volume and daily"}, {"start": "00:10:00", "end": "00:10:04", "text": "active addresses igniting, but are we"}, {"start": "00:10:02", "end": "00:10:05", "text": "going to see people building on the"}, {"start": "00:10:04", "end": "00:10:07", "text": "chain? Probably not. There's probably"}, {"start": "00:10:05", "end": "00:10:08", "text": "going to be businesses and things like"}, {"start": "00:10:07", "end": "00:10:10", "text": "that that are building, including"}, {"start": "00:10:08", "end": "00:10:12", "text": "institutions on finance that'll be"}, {"start": "00:10:10", "end": "00:10:15", "text": "building elsewhere. But the fact that"}, {"start": "00:10:12", "end": "00:10:17", "text": "you see this much volume is pretty uh is"}, {"start": "00:10:15", "end": "00:10:19", "text": "pretty insightful to where Ethereum is"}, {"start": "00:10:17", "end": "00:10:20", "text": "going to be heading. Here's another"}, {"start": "00:10:19", "end": "00:10:22", "text": "point of this. Robin Hood may be the"}, {"start": "00:10:20", "end": "00:10:24", "text": "only only one of the first major"}, {"start": "00:10:22", "end": "00:10:27", "text": "traditional finance platforms to build"}, {"start": "00:10:24", "end": "00:10:29", "text": "on Ethereum's L2 ecosystem. Here's the"}, {"start": "00:10:27", "end": "00:10:32", "text": "question. If more banks, brokers,"}, {"start": "00:10:29", "end": "00:10:34", "text": "fintex, and asset managers follow, the"}, {"start": "00:10:32", "end": "00:10:37", "text": "amount of value relying on ETH alone"}, {"start": "00:10:34", "end": "00:10:40", "text": "could grow from hundreds of billions to"}, {"start": "00:10:37", "end": "00:10:42", "text": "trillions of dollars. though and it"}, {"start": "00:10:40", "end": "00:10:44", "text": "becomes the economic collateral securing"}, {"start": "00:10:42", "end": "00:10:47", "text": "a glob global settlement layer for and"}, {"start": "00:10:44", "end": "00:10:49", "text": "in traditional finance. So this is"}, {"start": "00:10:47", "end": "00:10:50", "text": "something I asked Rebecca Reddig"}, {"start": "00:10:49", "end": "00:10:53", "text": "yesterday was what happens if because"}, {"start": "00:10:50", "end": "00:10:55", "text": "Robin Hood is really doing a they're"}, {"start": "00:10:53", "end": "00:10:58", "text": "doing a number on Tradfy right now. What"}, {"start": "00:10:55", "end": "00:11:00", "text": "happens if finally Trad starts to kind"}, {"start": "00:10:58", "end": "00:11:02", "text": "of wake up and smell the roses and says"}, {"start": "00:11:00", "end": "00:11:04", "text": "all right let's do something like this"}, {"start": "00:11:02", "end": "00:11:06", "text": "and maybe they use a different strategy"}, {"start": "00:11:04", "end": "00:11:08", "text": "but it's all on Ethereum or maybe they"}, {"start": "00:11:06", "end": "00:11:10", "text": "choose something else. So just saying"}, {"start": "00:11:08", "end": "00:11:12", "text": "this is going to put a lot of pressure"}, {"start": "00:11:10", "end": "00:11:14", "text": "on Wall Street in general. These are all"}, {"start": "00:11:12", "end": "00:11:15", "text": "bullish. If you really think about these"}, {"start": "00:11:14", "end": "00:11:18", "text": "are all bullish if we are nearing a"}, {"start": "00:11:15", "end": "00:11:20", "text": "bottom. It opens up an opportunity for"}, {"start": "00:11:18", "end": "00:11:22", "text": "us crypto insiders that are watching"}, {"start": "00:11:20", "end": "00:11:25", "text": "this show to really understand where"}, {"start": "00:11:22", "end": "00:11:26", "text": "that positioning can be. The things you"}, {"start": "00:11:25", "end": "00:11:29", "text": "have to watch out for though and you"}, {"start": "00:11:26", "end": "00:11:32", "text": "always have to look for the red herring,"}, {"start": "00:11:29", "end": "00:11:34", "text": "the black swan, the issues that can"}, {"start": "00:11:32", "end": "00:11:37", "text": "occur. One of course is the Fed. They"}, {"start": "00:11:34", "end": "00:11:39", "text": "officially blamed AI for inflation."}, {"start": "00:11:37", "end": "00:11:41", "text": "These were some of the reasons they"}, {"start": "00:11:39", "end": "00:11:43", "text": "talked about core goods inflation still"}, {"start": "00:11:41", "end": "00:11:46", "text": "attributing to tariffs and AI. They also"}, {"start": "00:11:43", "end": "00:11:48", "text": "went into uh no rate changes possibly"}, {"start": "00:11:46", "end": "00:11:50", "text": "into 27. But the big one right here,"}, {"start": "00:11:48", "end": "00:11:52", "text": "some members believe AI will eventually"}, {"start": "00:11:50", "end": "00:11:53", "text": "reduce inflation through productivity"}, {"start": "00:11:52", "end": "00:11:55", "text": "gains. Now, we've talked about this."}, {"start": "00:11:53", "end": "00:11:58", "text": "I've heard Worsh say this before, but"}, {"start": "00:11:55", "end": "00:12:01", "text": "explicitly warned this effect would take"}, {"start": "00:11:58", "end": "00:12:03", "text": "a long time to happen. So, two ways you"}, {"start": "00:12:01", "end": "00:12:05", "text": "can read that. uh we probably won't see"}, {"start": "00:12:03", "end": "00:12:08", "text": "productivity really flowing out of AI."}, {"start": "00:12:05", "end": "00:12:11", "text": "So will investors get tired of AI not"}, {"start": "00:12:08", "end": "00:12:13", "text": "performing in real life and decide to"}, {"start": "00:12:11", "end": "00:12:15", "text": "rotate capital possibly into crypto"}, {"start": "00:12:13", "end": "00:12:18", "text": "maybe the timing would be there or do we"}, {"start": "00:12:15", "end": "00:12:20", "text": "actually get AI productivity and that"}, {"start": "00:12:18", "end": "00:12:22", "text": "changes investment thesis all around. So"}, {"start": "00:12:20", "end": "00:12:24", "text": "there's a lot of things to be watching"}, {"start": "00:12:22", "end": "00:12:25", "text": "right now. One of the things you have to"}, {"start": "00:12:24", "end": "00:12:28", "text": "look at though is semiconductors because"}, {"start": "00:12:25", "end": "00:12:31", "text": "this is a core area for where AI is"}, {"start": "00:12:28", "end": "00:12:34", "text": "going to grow from. And semiconductors"}, {"start": "00:12:31", "end": "00:12:37", "text": "make up 15 uh% of the S&P 500 right now."}, {"start": "00:12:34", "end": "00:12:40", "text": "15% of the market cap of the S&P 500."}, {"start": "00:12:37", "end": "00:12:42", "text": "That's the most in history. So pretty"}, {"start": "00:12:40", "end": "00:12:44", "text": "significant here. And all this leads"}, {"start": "00:12:42", "end": "00:12:46", "text": "into AI. It also leads into the"}, {"start": "00:12:44", "end": "00:12:47", "text": "possibility of capital rotation. So"}, {"start": "00:12:46", "end": "00:12:50", "text": "those are the things you have to"}, {"start": "00:12:47", "end": "00:12:53", "text": "consider right now. Bloomberg came in"}, {"start": "00:12:50", "end": "00:12:55", "text": "and talked about the Fed talking about"}, {"start": "00:12:53", "end": "00:12:56", "text": "blaming AI on this. Listen to what they"}, {"start": "00:12:55", "end": "00:12:57", "text": "had to say."}, {"start": "00:12:56", "end": "00:13:00", "text": ">> But then there was also this discussion"}, {"start": "00:12:57", "end": "00:13:02", "text": "around the capex buildout related to"}, {"start": "00:13:00", "end": "00:13:04", "text": "artificial intelligence. On that, the"}, {"start": "00:13:02", "end": "00:13:06", "text": "participants said, quote, \"Many"}, {"start": "00:13:04", "end": "00:13:07", "text": "participants noted that ongoing strong"}, {"start": "00:13:06", "end": "00:13:10", "text": "demand for AI infrastructure would"}, {"start": "00:13:07", "end": "00:13:12", "text": "likely sustain upward pressure on prices"}, {"start": "00:13:10", "end": "00:13:14", "text": "for technology, products, and"}, {"start": "00:13:12", "end": "00:13:17", "text": "electricity.\" going on to add that some"}, {"start": "00:13:14", "end": "00:13:19", "text": "participants remarked that productivity"}, {"start": "00:13:17", "end": "00:13:22", "text": "gains associated with AI adoption would"}, {"start": "00:13:19", "end": "00:13:23", "text": "eventually reduce production costs and"}, {"start": "00:13:22", "end": "00:13:25", "text": "increase aggregate supply which should"}, {"start": "00:13:23", "end": "00:13:27", "text": "put downward pressure on inflation"}, {"start": "00:13:25", "end": "00:13:30", "text": "though they noted that effect would"}, {"start": "00:13:27", "end": "00:13:32", "text": "likely take time to materialize."}, {"start": "00:13:30", "end": "00:13:34", "text": ">> And then you get into energy because one"}, {"start": "00:13:32", "end": "00:13:36", "text": "of the things you have to consider is"}, {"start": "00:13:34", "end": "00:13:38", "text": "energy consumption. This of course gets"}, {"start": "00:13:36", "end": "00:13:41", "text": "into electricity all sorts of things"}, {"start": "00:13:38", "end": "00:13:43", "text": "that can play into the infrastructure"}, {"start": "00:13:41", "end": "00:13:44", "text": "around the United States. So, as we"}, {"start": "00:13:43", "end": "00:13:46", "text": "continue to see the buildout of all"}, {"start": "00:13:44", "end": "00:13:48", "text": "these data centers and the"}, {"start": "00:13:46", "end": "00:13:51", "text": "infrastructure that has to support those"}, {"start": "00:13:48", "end": "00:13:53", "text": "data centers, guess what? You start to"}, {"start": "00:13:51", "end": "00:13:54", "text": "see rising prices. And I'll get to it"}, {"start": "00:13:53", "end": "00:13:57", "text": "even further. Think about all the"}, {"start": "00:13:54", "end": "00:13:59", "text": "infrastructure that builds those data"}, {"start": "00:13:57", "end": "00:14:00", "text": "centers. That's constructions. That's"}, {"start": "00:13:59", "end": "00:14:03", "text": "everything from electricians to"}, {"start": "00:14:00", "end": "00:14:06", "text": "plumbers. Those demands start to create"}, {"start": "00:14:03", "end": "00:14:09", "text": "more demand, less availability, meaning"}, {"start": "00:14:06", "end": "00:14:11", "text": "higher prices. All of that again gets"}, {"start": "00:14:09", "end": "00:14:14", "text": "right into the point of inflation being"}, {"start": "00:14:11", "end": "00:14:17", "text": "possibly led by AI. CNBC also came out"}, {"start": "00:14:14", "end": "00:14:19", "text": "talking about inflation versus politics"}, {"start": "00:14:17", "end": "00:14:22", "text": "and that there may be a little bit of a"}, {"start": "00:14:19", "end": "00:14:24", "text": "twist here. So take a look and it shows"}, {"start": "00:14:22", "end": "00:14:27", "text": "not an inflation problem. It shows a"}, {"start": "00:14:24", "end": "00:14:30", "text": "political problem. Brian, we had nobody"}, {"start": "00:14:27", "end": "00:14:32", "text": "on the committee in March that saw a"}, {"start": "00:14:30", "end": "00:14:37", "text": "rate hike by the end of the year. That's"}, {"start": "00:14:32", "end": "00:14:39", "text": "March. We go to June and now nine people"}, {"start": "00:14:37", "end": "00:14:42", "text": "see a hike by the end of the year,"}, {"start": "00:14:39", "end": "00:14:44", "text": "including one person that moved from no"}, {"start": "00:14:42", "end": "00:14:47", "text": "hikes to three hikes. I think this is"}, {"start": "00:14:44", "end": "00:14:49", "text": "one of the most disingenuous"}, {"start": "00:14:47", "end": "00:14:51", "text": "dot plots I've ever seen. I think some"}, {"start": "00:14:49", "end": "00:14:53", "text": "things did change which is that when you"}, {"start": "00:14:51", "end": "00:14:55", "text": "look at what they're saying David and"}, {"start": "00:14:53", "end": "00:14:58", "text": "and I'm not saying they're right about"}, {"start": "00:14:55", "end": "00:15:01", "text": "this but it was the inflation that they"}, {"start": "00:14:58", "end": "00:15:04", "text": "saw beyond oil prices when they talk"}, {"start": "00:15:01", "end": "00:15:06", "text": "about it uh uh affecting other parts"}, {"start": "00:15:04", "end": "00:15:09", "text": "infl services exhousing had remained"}, {"start": "00:15:06", "end": "00:15:11", "text": "elevated or declined very little. They"}, {"start": "00:15:09", "end": "00:15:13", "text": "have become more hawkish, more concerned"}, {"start": "00:15:11", "end": "00:15:15", "text": "that they're not hitting their target,"}, {"start": "00:15:13", "end": "00:15:17", "text": "more concerned that there's another"}, {"start": "00:15:15", "end": "00:15:19", "text": "thing that they now have to look through"}, {"start": "00:15:17", "end": "00:15:22", "text": "that ultimately could undermine the"}, {"start": "00:15:19", "end": "00:15:23", "text": "inflation expectation story. And I I I"}, {"start": "00:15:22", "end": "00:15:25", "text": "think other people who have this other"}, {"start": "00:15:23", "end": "00:15:27", "text": "attitude out there that, hey, this is"}, {"start": "00:15:25", "end": "00:15:29", "text": "going to dissipate. Sure, roll the dice"}, {"start": "00:15:27", "end": "00:15:31", "text": "and play that game if you want. But"}, {"start": "00:15:29", "end": "00:15:33", "text": "let's remember one thing, David. They"}, {"start": "00:15:31", "end": "00:15:36", "text": "just went through a period where they"}, {"start": "00:15:33", "end": "00:15:38", "text": "saw inflation as transitory and they got"}, {"start": "00:15:36", "end": "00:15:41", "text": "burned in a very bad way. And I think"}, {"start": "00:15:38", "end": "00:15:43", "text": "that colors their views right now."}, {"start": "00:15:41", "end": "00:15:45", "text": ">> All right. So as you can see that is one"}, {"start": "00:15:43", "end": "00:15:47", "text": "of the things you have to keep a very"}, {"start": "00:15:45", "end": "00:15:50", "text": "close watch on and that is how the Fed"}, {"start": "00:15:47", "end": "00:15:52", "text": "reacts to the market and the market is"}, {"start": "00:15:50", "end": "00:15:54", "text": "showing signals to the Fed that is"}, {"start": "00:15:52", "end": "00:15:56", "text": "starting to shift a lot of these"}, {"start": "00:15:54", "end": "00:15:58", "text": "governors to where they're changing"}, {"start": "00:15:56", "end": "00:16:00", "text": "their idea of whether or not we see a"}, {"start": "00:15:58", "end": "00:16:03", "text": "Fed rate cut or a Fed rate hike this"}, {"start": "00:16:00", "end": "00:16:04", "text": "year. So that's playing into all of"}, {"start": "00:16:03", "end": "00:16:06", "text": "this. The other thing the market's kind"}, {"start": "00:16:04", "end": "00:16:09", "text": "of looking at this in a different way."}, {"start": "00:16:06", "end": "00:16:11", "text": "How do they determine the market in"}, {"start": "00:16:09", "end": "00:16:13", "text": "general? How does it determine what the"}, {"start": "00:16:11", "end": "00:16:16", "text": "Fed minutes really mean to the market?"}, {"start": "00:16:13", "end": "00:16:18", "text": "Watch this one. And I think the market"}, {"start": "00:16:16", "end": "00:16:21", "text": "right now doesn't consider the Fed"}, {"start": "00:16:18", "end": "00:16:23", "text": "unimportant. It just considers what the"}, {"start": "00:16:21", "end": "00:16:25", "text": "market's doing more important. And the"}, {"start": "00:16:23", "end": "00:16:27", "text": "market doesn't need the Fed to guide it."}, {"start": "00:16:25", "end": "00:16:30", "text": "The dot plots really weren't anything"}, {"start": "00:16:27", "end": "00:16:32", "text": "that you'd want to give your investment"}, {"start": "00:16:30", "end": "00:16:34", "text": "advisor as a road map for your money."}, {"start": "00:16:32", "end": "00:16:37", "text": "I'm I'm just saying the market has"}, {"start": "00:16:34", "end": "00:16:40", "text": "already priced in a higher funds rate."}, {"start": "00:16:37", "end": "00:16:42", "text": "It's at 420. It's up. The minutes maybe"}, {"start": "00:16:40", "end": "00:16:44", "text": "didn't have a whole lot of new"}, {"start": "00:16:42", "end": "00:16:46", "text": "information simply reflecting the"}, {"start": "00:16:44", "end": "00:16:49", "text": "verbiage of what we knew was the case of"}, {"start": "00:16:46", "end": "00:16:52", "text": "a divided Fed, but I I have a hard time"}, {"start": "00:16:49", "end": "00:16:54", "text": "seeing at these elevated Treasury yields"}, {"start": "00:16:52", "end": "00:16:57", "text": "how the market is looking through the"}, {"start": "00:16:54", "end": "00:16:58", "text": "overall idea that there's some risk out"}, {"start": "00:16:57", "end": "00:17:00", "text": "there and a priced in risk in the"}, {"start": "00:16:58", "end": "00:17:02", "text": "futures market. It's priced in in the"}, {"start": "00:17:00", "end": "00:17:05", "text": "two. It's priced in the 10. Rick"}, {"start": "00:17:02", "end": "00:17:07", "text": "Santelli taught me to watch and believe"}, {"start": "00:17:05", "end": "00:17:08", "text": "in what the markets are saying. And"}, {"start": "00:17:07", "end": "00:17:10", "text": "these markets are saying the Fed is"}, {"start": "00:17:08", "end": "00:17:13", "text": "going to be higher. So when you look at"}, {"start": "00:17:10", "end": "00:17:15", "text": "Japan, this is another example of this."}, {"start": "00:17:13", "end": "00:17:19", "text": "This is an XBOJ official saying Japan"}, {"start": "00:17:15", "end": "00:17:22", "text": "may rapidly rate uh raise rates to up to"}, {"start": "00:17:19", "end": "00:17:24", "text": "2% this year. So this would be a big"}, {"start": "00:17:22", "end": "00:17:27", "text": "deal because the current policy rate is"}, {"start": "00:17:24", "end": "00:17:29", "text": "1% highest level since 95. So we've this"}, {"start": "00:17:27", "end": "00:17:31", "text": "would be significant overall and I think"}, {"start": "00:17:29", "end": "00:17:33", "text": "this is another factor that starts to"}, {"start": "00:17:31", "end": "00:17:36", "text": "put a lot more pressure on the macro"}, {"start": "00:17:33", "end": "00:17:38", "text": "economics here in the US playing into"}, {"start": "00:17:36", "end": "00:17:40", "text": "this. Again not necessarily true bearish"}, {"start": "00:17:38", "end": "00:17:42", "text": "but it's something that you have to just"}, {"start": "00:17:40", "end": "00:17:43", "text": "pay attention to. Another thing you want"}, {"start": "00:17:42", "end": "00:17:46", "text": "to pay attention to right now are these"}, {"start": "00:17:43", "end": "00:17:49", "text": "strategic reserves on oil. This is where"}, {"start": "00:17:46", "end": "00:17:51", "text": "we are right now. We are at the point of"}, {"start": "00:17:49", "end": "00:17:53", "text": "19 million barrels away from uh"}, {"start": "00:17:51", "end": "00:17:55", "text": "basically an estimated operating level."}, {"start": "00:17:53", "end": "00:17:58", "text": "And that means we got to go out and buy."}, {"start": "00:17:55", "end": "00:18:00", "text": "And this I think is what Iran is waiting"}, {"start": "00:17:58", "end": "00:18:02", "text": "on for a possible negotiation is they"}, {"start": "00:18:00", "end": "00:18:04", "text": "just got to wait till we hit that point"}, {"start": "00:18:02", "end": "00:18:06", "text": "and then come in and try to negotiate"}, {"start": "00:18:04", "end": "00:18:09", "text": "where the US is at a point where the"}, {"start": "00:18:06", "end": "00:18:12", "text": "strategic reserve has to go in uh and"}, {"start": "00:18:09", "end": "00:18:14", "text": "actually cor uh correct. So straight"}, {"start": "00:18:12", "end": "00:18:16", "text": "hormuz tanker crossing not necessarily"}, {"start": "00:18:14", "end": "00:18:18", "text": "recovered yet. So you're still"}, {"start": "00:18:16", "end": "00:18:19", "text": "continuing to see that from that massive"}, {"start": "00:18:18", "end": "00:18:22", "text": "drop that we saw earlier this year"}, {"start": "00:18:19", "end": "00:18:24", "text": "obviously with then what's going on in"}, {"start": "00:18:22", "end": "00:18:26", "text": "Iran. One other thing you want to look"}, {"start": "00:18:24", "end": "00:18:28", "text": "at is this right here. You got strategy"}, {"start": "00:18:26", "end": "00:18:30", "text": "doing your earnings call. Just be on the"}, {"start": "00:18:28", "end": "00:18:33", "text": "lookout for bad news. I'm not saying"}, {"start": "00:18:30", "end": "00:18:34", "text": "that it will happen, but if it were,"}, {"start": "00:18:33", "end": "00:18:36", "text": "this could be another catalyst that"}, {"start": "00:18:34", "end": "00:18:38", "text": "could cause a little bit of shakiness"}, {"start": "00:18:36", "end": "00:18:40", "text": "and volatility in the market. One other"}, {"start": "00:18:38", "end": "00:18:41", "text": "thing that you have to consider is where"}, {"start": "00:18:40", "end": "00:18:43", "text": "the Clarity Act is. Most people will"}, {"start": "00:18:41", "end": "00:18:45", "text": "say, \"All right, well, it's very very uh"}, {"start": "00:18:43", "end": "00:18:48", "text": "bearish right now.\" And I think it still"}, {"start": "00:18:45", "end": "00:18:50", "text": "is. It's on life support of being able"}, {"start": "00:18:48", "end": "00:18:52", "text": "to get through. However, there are some"}, {"start": "00:18:50", "end": "00:18:54", "text": "things that are happening right here."}, {"start": "00:18:52", "end": "00:18:57", "text": "This just re released by uh Senator"}, {"start": "00:18:54", "end": "00:19:00", "text": "Warren saying that uh listen the CAR"}, {"start": "00:18:57", "end": "00:19:01", "text": "Clarity Act must prevent the president"}, {"start": "00:19:00", "end": "00:19:04", "text": "and the vice president, members of"}, {"start": "00:19:01", "end": "00:19:05", "text": "Congress, senior admissions uh and their"}, {"start": "00:19:04", "end": "00:19:08", "text": "families from continuing to profit on"}, {"start": "00:19:05", "end": "00:19:11", "text": "crypto. So she's not saying that the"}, {"start": "00:19:08", "end": "00:19:13", "text": "Clarity Act should be knocked out. She's"}, {"start": "00:19:11", "end": "00:19:16", "text": "saying that as we pass it, we just got"}, {"start": "00:19:13", "end": "00:19:18", "text": "to get an ethics parameter around this"}, {"start": "00:19:16", "end": "00:19:20", "text": "and that maybe is this bullish that I'm"}, {"start": "00:19:18", "end": "00:19:22", "text": "hearing from Senator Warren. Could that"}, {"start": "00:19:20", "end": "00:19:25", "text": "be the case? I don't know. If you look"}, {"start": "00:19:22", "end": "00:19:28", "text": "at the odds right now, not looking good,"}, {"start": "00:19:25", "end": "00:19:30", "text": "holding it flat at 45%. So really, when"}, {"start": "00:19:28", "end": "00:19:33", "text": "you kind of consider all the good and"}, {"start": "00:19:30", "end": "00:19:35", "text": "all the bad here, and you look at where"}, {"start": "00:19:33", "end": "00:19:37", "text": "we could be, and that is maybe nearing"}, {"start": "00:19:35", "end": "00:19:41", "text": "the bottom, are you guys feeling that"}, {"start": "00:19:37", "end": "00:19:42", "text": "this is possibly the bottom trough that"}, {"start": "00:19:41", "end": "00:19:43", "text": "we're going to be rolling in? Let me"}, {"start": "00:19:42", "end": "00:19:46", "text": "know in the comments what you guys"}, {"start": "00:19:43", "end": "00:19:46", "text": "think."}, {"start": "00:19:50", "end": "00:19:54", "text": "If you like this video, hit like and"}, {"start": "00:19:52", "end": "00:19:57", "text": "subscribe. Drop a comment down below and"}, {"start": "00:19:54", "end": "00:20:01", "text": "also join our free private member group."}, {"start": "00:19:57", "end": "00:20:01", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:11", "text": "market cycles. If you guys like the"}, {"start": "00:00:09", "end": "00:00:13", "text": "content, make sure you subscribe to the"}, {"start": "00:00:11", "end": "00:00:15", "text": "channel, give the video a thumbs up, and"}, {"start": "00:00:13", "end": "00:00:17", "text": "also check out the sale on into the"}, {"start": "00:00:15", "end": "00:00:20", "text": "cryptoverse premium at"}, {"start": "00:00:17", "end": "00:00:20", "text": "intothecryptoverse.com."}, {"start": "00:00:20", "end": "00:00:25", "text": "We also, as always, have the first ITC"}, {"start": "00:00:23", "end": "00:00:27", "text": "conference coming up in November, so"}, {"start": "00:00:25", "end": "00:00:30", "text": "make sure you guys check that out. I"}, {"start": "00:00:27", "end": "00:00:35", "text": "also wanted to let you know that we just"}, {"start": "00:00:30", "end": "00:00:37", "text": "published the July Bitcoin cycle memo."}, {"start": "00:00:35", "end": "00:00:39", "text": "So, if you're interested in reading it,"}, {"start": "00:00:37", "end": "00:00:42", "text": "um you can go to the website and you can"}, {"start": "00:00:39", "end": "00:00:43", "text": "read the most recent report. And I would"}, {"start": "00:00:42", "end": "00:00:45", "text": "also encourage you to read the other"}, {"start": "00:00:43", "end": "00:00:47", "text": "reports because this one kind of builds"}, {"start": "00:00:45", "end": "00:00:49", "text": "off of those. But I think this could be"}, {"start": "00:00:47", "end": "00:00:50", "text": "something that uh could be a nice little"}, {"start": "00:00:49", "end": "00:00:52", "text": "bit of light reading before bed if"}, {"start": "00:00:50", "end": "00:00:54", "text": "you're interested in how these market"}, {"start": "00:00:52", "end": "00:00:56", "text": "how the how the different charts all tie"}, {"start": "00:00:54", "end": "00:00:59", "text": "together and what we should be looking"}, {"start": "00:00:56", "end": "00:01:01", "text": "for over the next few months. Right now"}, {"start": "00:00:59", "end": "00:01:03", "text": "for Bitcoin, I mean it's currently"}, {"start": "00:01:01", "end": "00:01:05", "text": "trading around $64,000. And I just want"}, {"start": "00:01:03", "end": "00:01:06", "text": "to go through some of the cycle"}, {"start": "00:01:05", "end": "00:01:08", "text": "discussion. All right, so look at the"}, {"start": "00:01:06", "end": "00:01:12", "text": "there's three main charts we can look"}, {"start": "00:01:08", "end": "00:01:14", "text": "at. So the first one is the ROI from the"}, {"start": "00:01:12", "end": "00:01:17", "text": "low. Okay, now we normally just look at"}, {"start": "00:01:14", "end": "00:01:18", "text": "the last two and then the current one."}, {"start": "00:01:17", "end": "00:01:22", "text": "And you can see how they basically all"}, {"start": "00:01:18", "end": "00:01:24", "text": "topped out out at around the same time."}, {"start": "00:01:22", "end": "00:01:25", "text": "And so the argument is like, well, if"}, {"start": "00:01:24", "end": "00:01:27", "text": "they top out around the same time, maybe"}, {"start": "00:01:25", "end": "00:01:30", "text": "they'll bottom out at around the same"}, {"start": "00:01:27", "end": "00:01:34", "text": "time. Now, currently, Bitcoin in the"}, {"start": "00:01:30", "end": "00:01:36", "text": "current cycle is on day 1333."}, {"start": "00:01:34", "end": "00:01:39", "text": "Last cycle bottomed on 1436. Cycle"}, {"start": "00:01:36", "end": "00:01:43", "text": "before that bottomed 1432. So about a"}, {"start": "00:01:39", "end": "00:01:47", "text": "100 days out historically speaking."}, {"start": "00:01:43", "end": "00:01:50", "text": "That's one of the charts to look at. Now"}, {"start": "00:01:47", "end": "00:01:54", "text": "if you look at the ROI after the cycle"}, {"start": "00:01:50", "end": "00:01:58", "text": "peak and measure that out to the low,"}, {"start": "00:01:54", "end": "00:02:00", "text": "we're currently on day 283."}, {"start": "00:01:58", "end": "00:02:02", "text": "Now the last three bare markets ended"}, {"start": "00:02:00", "end": "00:02:03", "text": "the last post, you know, sort of the"}, {"start": "00:02:02", "end": "00:02:08", "text": "ones that ended at the end of the post"}, {"start": "00:02:03", "end": "00:02:09", "text": "hopping year 364 days, 377 days, and 46"}, {"start": "00:02:08", "end": "00:02:11", "text": "days. And remember, we're currently on"}, {"start": "00:02:09", "end": "00:02:13", "text": "day 283."}, {"start": "00:02:11", "end": "00:02:17", "text": "So, it kind of gives you an idea of"}, {"start": "00:02:13", "end": "00:02:19", "text": "where we are with respect um to to that"}, {"start": "00:02:17", "end": "00:02:21", "text": "last one. And if you go peak to peak, I"}, {"start": "00:02:19", "end": "00:02:24", "text": "mean, you can kind of see exactly how"}, {"start": "00:02:21", "end": "00:02:26", "text": "this is is playing out and and what it"}, {"start": "00:02:24", "end": "00:02:28", "text": "would normally do from here. In fact,"}, {"start": "00:02:26", "end": "00:02:31", "text": "there's another really interesting chart"}, {"start": "00:02:28", "end": "00:02:32", "text": "you can look at to help better visualize"}, {"start": "00:02:31", "end": "00:02:34", "text": "Bitcoin cycles, and that's actually look"}, {"start": "00:02:32", "end": "00:02:37", "text": "at it through the through the lens of"}, {"start": "00:02:34", "end": "00:02:41", "text": "the presidential cycle, the the election"}, {"start": "00:02:37", "end": "00:02:42", "text": "cycle. If you look at the return of"}, {"start": "00:02:41", "end": "00:02:46", "text": "Bitcoin"}, {"start": "00:02:42", "end": "00:02:49", "text": "under Trump's second term, it is"}, {"start": "00:02:46", "end": "00:02:51", "text": "actually pretty closely following"}, {"start": "00:02:49", "end": "00:02:53", "text": "Biden's term. Like, this is exactly"}, {"start": "00:02:51", "end": "00:02:54", "text": "where we were, right? We we fell into"}, {"start": "00:02:53", "end": "00:02:56", "text": "the summer. We got a little bit of a"}, {"start": "00:02:54", "end": "00:03:00", "text": "rally. We gave it back in August,"}, {"start": "00:02:56", "end": "00:03:02", "text": "September, bottom was in Q4. So that's"}, {"start": "00:03:00", "end": "00:03:04", "text": "another way that this is sort of all"}, {"start": "00:03:02", "end": "00:03:06", "text": "aligning. It all looks very, very"}, {"start": "00:03:04", "end": "00:03:08", "text": "similar. And it's not just Bitcoin,"}, {"start": "00:03:06", "end": "00:03:11", "text": "right? If if you look at at Trump's"}, {"start": "00:03:08", "end": "00:03:13", "text": "second term and you compare it to his"}, {"start": "00:03:11", "end": "00:03:15", "text": "first term, Bitcoin looks very"}, {"start": "00:03:13", "end": "00:03:17", "text": "different, but there's a lot of other"}, {"start": "00:03:15", "end": "00:03:20", "text": "things that don't. For instance, if you"}, {"start": "00:03:17", "end": "00:03:23", "text": "were to look at the dollar, the Dixie,"}, {"start": "00:03:20", "end": "00:03:24", "text": "the XY, you'll see that the Dixie has"}, {"start": "00:03:23", "end": "00:03:27", "text": "basically performed the same under"}, {"start": "00:03:24", "end": "00:03:28", "text": "Trump's second term as his first term."}, {"start": "00:03:27", "end": "00:03:30", "text": "And it's the dollar arguably going"}, {"start": "00:03:28", "end": "00:03:33", "text": "higher later this year, which could"}, {"start": "00:03:30", "end": "00:03:35", "text": "continue to be a headwind um for"}, {"start": "00:03:33", "end": "00:03:38", "text": "Bitcoin. Now, the other way to look at"}, {"start": "00:03:35", "end": "00:03:41", "text": "the at the cycle is to look at those"}, {"start": "00:03:38", "end": "00:03:43", "text": "midterm year bare markets and and just"}, {"start": "00:03:41", "end": "00:03:46", "text": "kind of get an idea of of where Bitcoin"}, {"start": "00:03:43", "end": "00:03:50", "text": "is. And you know, if you look at at 2026"}, {"start": "00:03:46", "end": "00:03:51", "text": "and you look at 2022, 2018, and 2014,"}, {"start": "00:03:50", "end": "00:03:52", "text": "we're kind of in the middle. Like what"}, {"start": "00:03:51", "end": "00:03:54", "text": "we're doing right now is not that"}, {"start": "00:03:52", "end": "00:03:56", "text": "dissimilar from what we've done"}, {"start": "00:03:54", "end": "00:03:59", "text": "previously. And when you average out"}, {"start": "00:03:56", "end": "00:04:01", "text": "prior midterm years and then overlay one"}, {"start": "00:03:59", "end": "00:04:03", "text": "standard deviation to that average,"}, {"start": "00:04:01", "end": "00:04:06", "text": "often times Bitcoin is finding some"}, {"start": "00:04:03", "end": "00:04:09", "text": "relief in July. So I mean, everything a"}, {"start": "00:04:06", "end": "00:04:11", "text": "lot of what we're seeing is just very"}, {"start": "00:04:09", "end": "00:04:14", "text": "similar to what we've seen before. And"}, {"start": "00:04:11", "end": "00:04:16", "text": "despite mental gymnastics being"}, {"start": "00:04:14", "end": "00:04:17", "text": "preferred by a lot of people to explain"}, {"start": "00:04:16", "end": "00:04:19", "text": "why this time is different, it actually"}, {"start": "00:04:17", "end": "00:04:22", "text": "just continues to be the same. The low"}, {"start": "00:04:19", "end": "00:04:23", "text": "in February, the higher low in late"}, {"start": "00:04:22", "end": "00:04:26", "text": "March, early April, the lower low in"}, {"start": "00:04:23", "end": "00:04:28", "text": "June, the the lower the lower high in"}, {"start": "00:04:26", "end": "00:04:31", "text": "May, the lower low was in June, sort of"}, {"start": "00:04:28", "end": "00:04:32", "text": "early July. It's all the same thing. It"}, {"start": "00:04:31", "end": "00:04:35", "text": "all just keeps kind of playing out the"}, {"start": "00:04:32", "end": "00:04:37", "text": "same way as prior cycles. If you're new"}, {"start": "00:04:35", "end": "00:04:39", "text": "here, what I'm talking about is how we"}, {"start": "00:04:37", "end": "00:04:40", "text": "had the February low and then a sweep of"}, {"start": "00:04:39", "end": "00:04:43", "text": "the February low in in the summer. kind"}, {"start": "00:04:40", "end": "00:04:46", "text": "of the same thing that happened in 2018."}, {"start": "00:04:43", "end": "00:04:48", "text": "Um, also formed a low in June of 2022."}, {"start": "00:04:46", "end": "00:04:50", "text": "We had these July rallies every single"}, {"start": "00:04:48", "end": "00:04:51", "text": "time and you can see that's kind of"}, {"start": "00:04:50", "end": "00:04:53", "text": "where we currently are and then we gave"}, {"start": "00:04:51", "end": "00:04:56", "text": "those rallies we gave those gains back"}, {"start": "00:04:53", "end": "00:04:58", "text": "come August or September. The other"}, {"start": "00:04:56", "end": "00:05:00", "text": "thing to look at is to compare it to the"}, {"start": "00:04:58", "end": "00:05:03", "text": "2019 move and I think that's relevant as"}, {"start": "00:05:00", "end": "00:05:05", "text": "well. But the window at which Bitcoin"}, {"start": "00:05:03", "end": "00:05:08", "text": "faced pricebased capitulation in terms"}, {"start": "00:05:05", "end": "00:05:09", "text": "of time back then has already kind of"}, {"start": "00:05:08", "end": "00:05:11", "text": "come and gone and that would have been"}, {"start": "00:05:09", "end": "00:05:12", "text": "in June. That didn't happen, right? We"}, {"start": "00:05:11", "end": "00:05:14", "text": "didn't get a price based capitulation,"}, {"start": "00:05:12", "end": "00:05:15", "text": "which was not the base case anyways. The"}, {"start": "00:05:14", "end": "00:05:17", "text": "base case has been timebased"}, {"start": "00:05:15", "end": "00:05:20", "text": "capitulation. If you get a price based"}, {"start": "00:05:17", "end": "00:05:22", "text": "capitulation like 2019, like 2020, which"}, {"start": "00:05:20", "end": "00:05:23", "text": "is not the base case right now, then you"}, {"start": "00:05:22", "end": "00:05:26", "text": "might I think it would make more sense"}, {"start": "00:05:23", "end": "00:05:28", "text": "to pivot the timing of a potential low."}, {"start": "00:05:26", "end": "00:05:29", "text": "At the end of the day, DCAing is"}, {"start": "00:05:28", "end": "00:05:31", "text": "probably going to be your best bet"}, {"start": "00:05:29", "end": "00:05:33", "text": "rather than trying to trying to time the"}, {"start": "00:05:31", "end": "00:05:34", "text": "bottom. But you can see that through the"}, {"start": "00:05:33", "end": "00:05:36", "text": "lens of these market cycles, while it"}, {"start": "00:05:34", "end": "00:05:38", "text": "feels different, it's actually not that"}, {"start": "00:05:36", "end": "00:05:40", "text": "different. And a lot of the different"}, {"start": "00:05:38", "end": "00:05:42", "text": "charts kind of show that what's"}, {"start": "00:05:40", "end": "00:05:45", "text": "happening right now is very similar to"}, {"start": "00:05:42", "end": "00:05:47", "text": "what's happened in prior market cycles."}, {"start": "00:05:45", "end": "00:05:49", "text": "So think about that. The main difference"}, {"start": "00:05:47", "end": "00:05:51", "text": "is that there just wasn't a rotation in"}, {"start": "00:05:49", "end": "00:05:53", "text": "altcoins, but al also there wasn't in"}, {"start": "00:05:51", "end": "00:05:56", "text": "2019 either. The main difference between"}, {"start": "00:05:53", "end": "00:05:59", "text": "now and 2019 is that this cycle the the"}, {"start": "00:05:56", "end": "00:06:00", "text": "top near the end of QT occurred. It was"}, {"start": "00:05:59", "end": "00:06:02", "text": "the four-year cycle top back then. We"}, {"start": "00:06:00", "end": "00:06:04", "text": "still had plenty of time within the"}, {"start": "00:06:02", "end": "00:06:06", "text": "four-ear cycle to eventually go higher."}, {"start": "00:06:04", "end": "00:06:08", "text": "So I think that's the reason why it"}, {"start": "00:06:06", "end": "00:06:11", "text": "feels different. But if you look at like"}, {"start": "00:06:08", "end": "00:06:14", "text": "social interest right now, social risk"}, {"start": "00:06:11", "end": "00:06:16", "text": "is about about 0.25."}, {"start": "00:06:14", "end": "00:06:18", "text": "This is actually where it was in 2018 in"}, {"start": "00:06:16", "end": "00:06:20", "text": "July. You can see it was around 0.25 in"}, {"start": "00:06:18", "end": "00:06:22", "text": "2018 as well. So you could argue that"}, {"start": "00:06:20", "end": "00:06:25", "text": "this is actually more like 2018 than in"}, {"start": "00:06:22", "end": "00:06:27", "text": "2022 because in 2022 in July social"}, {"start": "00:06:25", "end": "00:06:30", "text": "interest was about double what it is"}, {"start": "00:06:27", "end": "00:06:32", "text": "right now, right? It was about 0.5 risk"}, {"start": "00:06:30", "end": "00:06:34", "text": "rather than about 0.25. You can also"}, {"start": "00:06:32", "end": "00:06:36", "text": "visualize that a little bit better by"}, {"start": "00:06:34", "end": "00:06:39", "text": "looking at YouTube views to various"}, {"start": "00:06:36", "end": "00:06:40", "text": "Bitcoin and crypto YouTube channels and"}, {"start": "00:06:39", "end": "00:06:43", "text": "seeing that right now they're averaging"}, {"start": "00:06:40", "end": "00:06:48", "text": "around 350,000 views a day whereas in"}, {"start": "00:06:43", "end": "00:06:51", "text": "July of 2022 you know they were you know"}, {"start": "00:06:48", "end": "00:06:54", "text": "over a million or around a million"}, {"start": "00:06:51", "end": "00:06:56", "text": "around a million views a day. So, more"}, {"start": "00:06:54", "end": "00:06:57", "text": "similar to 2018 in terms of social"}, {"start": "00:06:56", "end": "00:07:00", "text": "interest and in terms of market"}, {"start": "00:06:57", "end": "00:07:02", "text": "structure, more similar to 2019 in terms"}, {"start": "00:07:00", "end": "00:07:04", "text": "of like liquidity and and where we are"}, {"start": "00:07:02", "end": "00:07:06", "text": "in in the business cycle. But that'll"}, {"start": "00:07:04", "end": "00:07:07", "text": "wrap it up for this video. I hope you"}, {"start": "00:07:06", "end": "00:07:09", "text": "guys enjoyed it. Make sure you"}, {"start": "00:07:07", "end": "00:07:11", "text": "subscribe. Give the video a thumbs up."}, {"start": "00:07:09", "end": "00:07:15", "text": "Again, check out the sale on ITC"}, {"start": "00:07:11", "end": "00:07:17", "text": "Premium. And remember to go download uh"}, {"start": "00:07:15", "end": "00:07:18", "text": "this memo if you're if you're interested"}, {"start": "00:07:17", "end": "00:07:20", "text": "in reading about it. We we go through a"}, {"start": "00:07:18", "end": "00:07:22", "text": "lot of different charts in the memo, and"}, {"start": "00:07:20", "end": "00:07:24", "text": "I think it'll help. I I think it can"}, {"start": "00:07:22", "end": "00:07:28", "text": "really help kind of tie this this"}, {"start": "00:07:24", "end": "00:07:29", "text": "massive puzzle um all together. So, I"}, {"start": "00:07:28", "end": "00:07:30", "text": "look forward to seeing you guys at the"}, {"start": "00:07:29", "end": "00:07:33", "text": "conference in November and I'll see you"}, {"start": "00:07:30", "end": "00:07:33", "text": "next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone, and thanks for jumping"}, {"start": "00:00:01", "end": "00:00:05", "text": "back into the macroverse."}, {"start": "00:00:04", "end": "00:00:07", "text": "Today, we're going to talk about the"}, {"start": "00:00:05", "end": "00:00:10", "text": "most recent inflation report and talk"}, {"start": "00:00:07", "end": "00:00:11", "text": "about the ramifications for Bitcoin. If"}, {"start": "00:00:10", "end": "00:00:13", "text": "you guys like the content, make sure you"}, {"start": "00:00:11", "end": "00:00:15", "text": "subscribe to the channel, give the video"}, {"start": "00:00:13", "end": "00:00:17", "text": "a thumbs up, and check out the sale on"}, {"start": "00:00:15", "end": "00:00:19", "text": "Into the Cryptoverse Premium at"}, {"start": "00:00:17", "end": "00:00:21", "text": "intothecryptoverse.com."}, {"start": "00:00:19", "end": "00:00:23", "text": "And as a reminder, I look forward to"}, {"start": "00:00:21", "end": "00:00:25", "text": "seeing you guys at the first ITC"}, {"start": "00:00:23", "end": "00:00:27", "text": "conference in Miami"}, {"start": "00:00:25", "end": "00:00:29", "text": "uh November 20th through the 22nd. Links"}, {"start": "00:00:27", "end": "00:00:32", "text": "in the description below."}, {"start": "00:00:29", "end": "00:00:35", "text": "We just got the recent inflation report."}, {"start": "00:00:32", "end": "00:00:37", "text": "And I don't know if you guys remember,"}, {"start": "00:00:35", "end": "00:00:40", "text": "but a few weeks ago, we talked about how"}, {"start": "00:00:37", "end": "00:00:42", "text": "what would likely happen for Bitcoin is"}, {"start": "00:00:40", "end": "00:00:45", "text": "that we would find a low late June or"}, {"start": "00:00:42", "end": "00:00:49", "text": "early July. We would then rally and then"}, {"start": "00:00:45", "end": "00:00:51", "text": "sell off in the mid-July around the CPI"}, {"start": "00:00:49", "end": "00:00:52", "text": "report, but that the CPI report would"}, {"start": "00:00:51", "end": "00:00:54", "text": "likely come in a lot cooler than"}, {"start": "00:00:52", "end": "00:00:55", "text": "expected, and then that would sort of"}, {"start": "00:00:54", "end": "00:00:57", "text": "fuel"}, {"start": "00:00:55", "end": "00:00:59", "text": "the rally a little bit longer, maybe"}, {"start": "00:00:57", "end": "00:01:02", "text": "into like late July, even as late as"}, {"start": "00:00:59", "end": "00:01:03", "text": "like early to mid-August. And one of the"}, {"start": "00:01:02", "end": "00:01:05", "text": "things we talked about with that is that"}, {"start": "00:01:03", "end": "00:01:07", "text": "you don't actually need a narrative for"}, {"start": "00:01:05", "end": "00:01:10", "text": "it. Like you can see that's exactly how"}, {"start": "00:01:07", "end": "00:01:13", "text": "it played out in 2018. We set a low in"}, {"start": "00:01:10", "end": "00:01:14", "text": "in late June, early July. We got a"}, {"start": "00:01:13", "end": "00:01:16", "text": "little bit of a rally, sold off in the"}, {"start": "00:01:14", "end": "00:01:18", "text": "mid-July, got a larger rally, and then"}, {"start": "00:01:16", "end": "00:01:20", "text": "gave it all back in August and going"}, {"start": "00:01:18", "end": "00:01:23", "text": "into September. So, it it it's a pattern"}, {"start": "00:01:20", "end": "00:01:24", "text": "we have seen before."}, {"start": "00:01:23", "end": "00:01:25", "text": "And"}, {"start": "00:01:24", "end": "00:01:27", "text": "I know that that's sort of the narrative"}, {"start": "00:01:25", "end": "00:01:29", "text": "being assigned, but look, we've seen"}, {"start": "00:01:27", "end": "00:01:31", "text": "this before. You know, we we've seen"}, {"start": "00:01:29", "end": "00:01:34", "text": "essentially the same thing. And so, when"}, {"start": "00:01:31", "end": "00:01:36", "text": "you look at where the headline inflation"}, {"start": "00:01:34", "end": "00:01:39", "text": "came in at, it came in at 3.5. Last"}, {"start": "00:01:36", "end": "00:01:43", "text": "month, it was 4.2. Consensus was like"}, {"start": "00:01:39", "end": "00:01:44", "text": "3.8 or 3.9. So,"}, {"start": "00:01:43", "end": "00:01:46", "text": "here we are, coming in below"}, {"start": "00:01:44", "end": "00:01:48", "text": "expectations,"}, {"start": "00:01:46", "end": "00:01:52", "text": "and the market likes it. Now, core"}, {"start": "00:01:48", "end": "00:01:55", "text": "inflation came in at 2.6, and the"}, {"start": "00:01:52", "end": "00:01:58", "text": "forecast was higher, right? 2.8, 2.9,"}, {"start": "00:01:55", "end": "00:02:00", "text": "and last month it was 2.9. So, we've"}, {"start": "00:01:58", "end": "00:02:03", "text": "seen inflation come back down"}, {"start": "00:02:00", "end": "00:02:06", "text": "a little bit. Bitcoin in the short term"}, {"start": "00:02:03", "end": "00:02:08", "text": "is is clearly liking that. But, remember"}, {"start": "00:02:06", "end": "00:02:11", "text": "from a seasonality perspective, this is"}, {"start": "00:02:08", "end": "00:02:15", "text": "what usually happens. It It really is."}, {"start": "00:02:11", "end": "00:02:17", "text": "Um if you were to go look at at monthly"}, {"start": "00:02:15", "end": "00:02:19", "text": "returns for Bitcoin, right? Monthly"}, {"start": "00:02:17", "end": "00:02:21", "text": "returns for Bitcoin the last couple of"}, {"start": "00:02:19", "end": "00:02:25", "text": "mid-term years, I mean Bitcoin's up 10%"}, {"start": "00:02:21", "end": "00:02:29", "text": "this this July already. 2022, they went"}, {"start": "00:02:25", "end": "00:02:30", "text": "up 20%. 20 2018, it went up almost 40%."}, {"start": "00:02:29", "end": "00:02:32", "text": "So,"}, {"start": "00:02:30", "end": "00:02:35", "text": "what you're seeing right now with"}, {"start": "00:02:32", "end": "00:02:38", "text": "Bitcoin is still what it normally does."}, {"start": "00:02:35", "end": "00:02:40", "text": "And the argument is that look, we saw we"}, {"start": "00:02:38", "end": "00:02:44", "text": "saw this play out before. Like we saw"}, {"start": "00:02:40", "end": "00:02:46", "text": "how in 2018 Bitcoin set a February low"}, {"start": "00:02:44", "end": "00:02:49", "text": "and then swept the low in late June,"}, {"start": "00:02:46", "end": "00:02:51", "text": "early July, just like it did in 2026."}, {"start": "00:02:49", "end": "00:02:53", "text": "And then the the rejection over here was"}, {"start": "00:02:51", "end": "00:02:55", "text": "in May off the bear market resistance"}, {"start": "00:02:53", "end": "00:02:58", "text": "band. So, it's all the same thing. And"}, {"start": "00:02:55", "end": "00:03:00", "text": "my guess is that like last in 2018, as"}, {"start": "00:02:58", "end": "00:03:01", "text": "Bitcoin kind of kept going back up, it"}, {"start": "00:03:00", "end": "00:03:03", "text": "just kept getting rejected by the bear"}, {"start": "00:03:01", "end": "00:03:05", "text": "market resistance band. It squeezed and"}, {"start": "00:03:03", "end": "00:03:07", "text": "then forced a direction. This time we're"}, {"start": "00:03:05", "end": "00:03:09", "text": "doing the same thing. Like we're we're"}, {"start": "00:03:07", "end": "00:03:11", "text": "basically squeezing here and it's going"}, {"start": "00:03:09", "end": "00:03:13", "text": "to force Bitcoin to decide, all right,"}, {"start": "00:03:11", "end": "00:03:14", "text": "which way is it actually going to break?"}, {"start": "00:03:13", "end": "00:03:16", "text": "And so Bitcoin is getting squeezed"}, {"start": "00:03:14", "end": "00:03:18", "text": "between the 200-week moving average and"}, {"start": "00:03:16", "end": "00:03:20", "text": "the bear market resistance band. So, if"}, {"start": "00:03:18", "end": "00:03:22", "text": "you were to kind of extend these out,"}, {"start": "00:03:20", "end": "00:03:24", "text": "what I would what I would guess would"}, {"start": "00:03:22", "end": "00:03:25", "text": "happen with Bitcoin, you know, could"}, {"start": "00:03:24", "end": "00:03:27", "text": "maybe come back up to the bear market"}, {"start": "00:03:25", "end": "00:03:29", "text": "resistance band, come back down, and"}, {"start": "00:03:27", "end": "00:03:32", "text": "then you get your resolution"}, {"start": "00:03:29", "end": "00:03:35", "text": "like between the August to, you know,"}, {"start": "00:03:32", "end": "00:03:37", "text": "sort of Q4 time frame in line with what"}, {"start": "00:03:35", "end": "00:03:39", "text": "we saw in prior cycles. Now, if you look"}, {"start": "00:03:37", "end": "00:03:40", "text": "at the inflation rate year-over-year, I"}, {"start": "00:03:39", "end": "00:03:41", "text": "mean you can see that is a nice"}, {"start": "00:03:40", "end": "00:03:43", "text": "pullback, right? By inflation. That is a"}, {"start": "00:03:41", "end": "00:03:44", "text": "nice drop."}, {"start": "00:03:43", "end": "00:03:45", "text": "Um"}, {"start": "00:03:44", "end": "00:03:48", "text": "it's a very welcome drop. A lot of"}, {"start": "00:03:45", "end": "00:03:50", "text": "people are are very tired from price"}, {"start": "00:03:48", "end": "00:03:52", "text": "increases. Obviously, I am. I know a lot"}, {"start": "00:03:50", "end": "00:03:54", "text": "of other people are as well. If you look"}, {"start": "00:03:52", "end": "00:03:57", "text": "at the core inflation chart, you can see"}, {"start": "00:03:54", "end": "00:03:58", "text": "that it still been generally dropping."}, {"start": "00:03:57", "end": "00:04:01", "text": "So that's good to see. What I'd like to"}, {"start": "00:03:58", "end": "00:04:05", "text": "take a look at is the inflation rate"}, {"start": "00:04:01", "end": "00:04:07", "text": "year-over-year per category. Okay, so"}, {"start": "00:04:05", "end": "00:04:08", "text": "when we look at category, we can figure"}, {"start": "00:04:07", "end": "00:04:10", "text": "out like where where is this drop coming"}, {"start": "00:04:08", "end": "00:04:13", "text": "from? Again, but they're all they're"}, {"start": "00:04:10", "end": "00:04:14", "text": "weighted differently. So here's headline"}, {"start": "00:04:13", "end": "00:04:17", "text": "inflation. You can see it's come back"}, {"start": "00:04:14", "end": "00:04:18", "text": "down. Look at food and beverage. All"}, {"start": "00:04:17", "end": "00:04:21", "text": "right, so if you look at food and"}, {"start": "00:04:18", "end": "00:04:22", "text": "beverage, that dropped not a lot, but it"}, {"start": "00:04:21", "end": "00:04:25", "text": "dropped a little."}, {"start": "00:04:22", "end": "00:04:27", "text": "If you look at at housing, that had a"}, {"start": "00:04:25", "end": "00:04:29", "text": "pretty substantial drop. And remember,"}, {"start": "00:04:27", "end": "00:04:30", "text": "housing accounts for like 2/3 of it when"}, {"start": "00:04:29", "end": "00:04:33", "text": "weighted, I believe."}, {"start": "00:04:30", "end": "00:04:35", "text": "Uh if you look at apparel, that also"}, {"start": "00:04:33", "end": "00:04:37", "text": "dropped. Transportation dropped, but"}, {"start": "00:04:35", "end": "00:04:39", "text": "honestly pretty positive."}, {"start": "00:04:37", "end": "00:04:41", "text": "Uh and and that's been one of the things"}, {"start": "00:04:39", "end": "00:04:42", "text": "that has been highly negative at"}, {"start": "00:04:41", "end": "00:04:43", "text": "different points during this business"}, {"start": "00:04:42", "end": "00:04:44", "text": "cycle."}, {"start": "00:04:43", "end": "00:04:46", "text": "Uh if you look at medical care, that"}, {"start": "00:04:44", "end": "00:04:48", "text": "also dropped. Recreation actually went"}, {"start": "00:04:46", "end": "00:04:50", "text": "up. Education and communication was"}, {"start": "00:04:48", "end": "00:04:53", "text": "negative. Other goods and services also"}, {"start": "00:04:50", "end": "00:04:56", "text": "dropped. So, a lot of things dropped and"}, {"start": "00:04:53", "end": "00:04:59", "text": "the things that contribute a lot to CPI"}, {"start": "00:04:56", "end": "00:05:01", "text": "like housing dropped considerably. And"}, {"start": "00:04:59", "end": "00:05:02", "text": "if you look at the inflation rate"}, {"start": "00:05:01", "end": "00:05:04", "text": "year-over-year contribution per"}, {"start": "00:05:02", "end": "00:05:06", "text": "category, cuz remember they're weighted"}, {"start": "00:05:04", "end": "00:05:07", "text": "differently, you can see what I'm"}, {"start": "00:05:06", "end": "00:05:09", "text": "talking about. All right, so if you look"}, {"start": "00:05:07", "end": "00:05:11", "text": "at headline inflation, now if you look"}, {"start": "00:05:09", "end": "00:05:14", "text": "at food and beverage, you know, food and"}, {"start": "00:05:11", "end": "00:05:18", "text": "beverage going down impacted it. But"}, {"start": "00:05:14", "end": "00:05:20", "text": "look at housing. You see how housing had"}, {"start": "00:05:18", "end": "00:05:22", "text": "had a had a much lar- had had a fairly"}, {"start": "00:05:20", "end": "00:05:24", "text": "substantial impact on on the inflation"}, {"start": "00:05:22", "end": "00:05:26", "text": "rate."}, {"start": "00:05:24", "end": "00:05:28", "text": "Uh transportation"}, {"start": "00:05:26", "end": "00:05:31", "text": "also had a big had a big effect, right?"}, {"start": "00:05:28", "end": "00:05:33", "text": "Last month 1.5"}, {"start": "00:05:31", "end": "00:05:35", "text": "uh for that contribution. This month it"}, {"start": "00:05:33", "end": "00:05:37", "text": "was only one. And that was because it"}, {"start": "00:05:35", "end": "00:05:39", "text": "while it was inflationary, it wasn't as"}, {"start": "00:05:37", "end": "00:05:42", "text": "inflationary. So, the stars have aligned"}, {"start": "00:05:39", "end": "00:05:44", "text": "for the inflation report. Uh Bitcoin has"}, {"start": "00:05:42", "end": "00:05:45", "text": "certainly liked it in the short term."}, {"start": "00:05:44", "end": "00:05:47", "text": "Core inflation looks fine as well. I"}, {"start": "00:05:45", "end": "00:05:49", "text": "guess the one thing to consider though"}, {"start": "00:05:47", "end": "00:05:52", "text": "is down the line you are starting to see"}, {"start": "00:05:49", "end": "00:05:54", "text": "oil get a little bit of a bounce here."}, {"start": "00:05:52", "end": "00:05:55", "text": "Now, maybe it's just back testing."}, {"start": "00:05:54", "end": "00:05:58", "text": "Hopefully it is. I don't I don't"}, {"start": "00:05:55", "end": "00:05:59", "text": "necessarily want oil to go to go too"}, {"start": "00:05:58", "end": "00:06:01", "text": "much higher"}, {"start": "00:05:59", "end": "00:06:03", "text": "because that would I mean again it would"}, {"start": "00:06:01", "end": "00:06:05", "text": "just make the inflation problem worse,"}, {"start": "00:06:03", "end": "00:06:07", "text": "but this is you know this is something"}, {"start": "00:06:05", "end": "00:06:09", "text": "to watch and and and a lot of times when"}, {"start": "00:06:07", "end": "00:06:11", "text": "you get these patterns like this, oil"}, {"start": "00:06:09", "end": "00:06:13", "text": "will come down, go back up, and then"}, {"start": "00:06:11", "end": "00:06:16", "text": "come back down. And if the low is in"}, {"start": "00:06:13", "end": "00:06:17", "text": "then, then it'll run after that. So, I"}, {"start": "00:06:16", "end": "00:06:19", "text": "would I would watch for for something"}, {"start": "00:06:17", "end": "00:06:22", "text": "like that to play out in the coming"}, {"start": "00:06:19", "end": "00:06:23", "text": "weeks. That's a a very common pattern"}, {"start": "00:06:22", "end": "00:06:26", "text": "that you'll see in in a lot of different"}, {"start": "00:06:23", "end": "00:06:28", "text": "markets, but I think for now Bitcoin is"}, {"start": "00:06:26", "end": "00:06:29", "text": "still kind of tracking"}, {"start": "00:06:28", "end": "00:06:31", "text": "what it normally does in midterm years."}, {"start": "00:06:29", "end": "00:06:35", "text": "And and despite all the mental"}, {"start": "00:06:31", "end": "00:06:37", "text": "gymnastics uh from from the crowds"}, {"start": "00:06:35", "end": "00:06:38", "text": "the July rally happened anyways, you"}, {"start": "00:06:37", "end": "00:06:41", "text": "know, and and it's important to"}, {"start": "00:06:38", "end": "00:06:42", "text": "recognize that 4-year cycles do not I"}, {"start": "00:06:41", "end": "00:06:43", "text": "mean the bear markets are not just down"}, {"start": "00:06:42", "end": "00:06:45", "text": "only just like the bull markets are not"}, {"start": "00:06:43", "end": "00:06:47", "text": "just up only."}, {"start": "00:06:45", "end": "00:06:49", "text": "You have a bear market."}, {"start": "00:06:47", "end": "00:06:52", "text": "You have countertrend rallies. Bitcoin"}, {"start": "00:06:49", "end": "00:06:55", "text": "swept below exactly when it swept below"}, {"start": "00:06:52", "end": "00:06:58", "text": "in in 2018."}, {"start": "00:06:55", "end": "00:07:01", "text": "And in 2018, the next window of weakness"}, {"start": "00:06:58", "end": "00:07:02", "text": "did not really occur until we got into"}, {"start": "00:07:01", "end": "00:07:05", "text": "August."}, {"start": "00:07:02", "end": "00:07:09", "text": "Late July, early August. In fact, in"}, {"start": "00:07:05", "end": "00:07:11", "text": "2018, Bitcoin had this nice little rally"}, {"start": "00:07:09", "end": "00:07:12", "text": "in April kind of like what we just got a"}, {"start": "00:07:11", "end": "00:07:15", "text": "couple of months ago, and then it had"}, {"start": "00:07:12", "end": "00:07:17", "text": "another smaller rally in in sort of"}, {"start": "00:07:15", "end": "00:07:19", "text": "July. So, I I would argue that's where"}, {"start": "00:07:17", "end": "00:07:22", "text": "Bitcoin is right now, right? Like we had"}, {"start": "00:07:19", "end": "00:07:23", "text": "the larger rally earlier."}, {"start": "00:07:22", "end": "00:07:25", "text": "Right? We already had the the the the"}, {"start": "00:07:23", "end": "00:07:27", "text": "larger rally that occurred. Now we're"}, {"start": "00:07:25", "end": "00:07:29", "text": "probably in a smaller one that could"}, {"start": "00:07:27", "end": "00:07:31", "text": "very well again take us to the bear"}, {"start": "00:07:29", "end": "00:07:34", "text": "market resistance span and lead us to"}, {"start": "00:07:31", "end": "00:07:35", "text": "that ultimate decision as to which way"}, {"start": "00:07:34", "end": "00:07:37", "text": "this thing is going to break. Again, if"}, {"start": "00:07:35", "end": "00:07:38", "text": "it breaks down, it would be in line with"}, {"start": "00:07:37", "end": "00:07:40", "text": "market cycle theory, and then you would"}, {"start": "00:07:38", "end": "00:07:42", "text": "have a low late in the year which would"}, {"start": "00:07:40", "end": "00:07:44", "text": "then align to the normal market cycle"}, {"start": "00:07:42", "end": "00:07:45", "text": "bottom. If you guys like the content,"}, {"start": "00:07:44", "end": "00:07:47", "text": "make sure you subscribe to the channel,"}, {"start": "00:07:45", "end": "00:07:49", "text": "give the video a thumbs up, and again"}, {"start": "00:07:47", "end": "00:07:51", "text": "check out the first ITC conference"}, {"start": "00:07:49", "end": "00:07:53", "text": "coming to you in Miami in late November."}, {"start": "00:07:51", "end": "00:07:54", "text": "Links in the description below. Thank"}, {"start": "00:07:53", "end": "00:07:57", "text": "you guys for tuning in and I'll see you"}, {"start": "00:07:54", "end": "00:07:57", "text": "next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:08", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:12", "text": "and we're going to make making the"}, {"start": "00:00:08", "end": "00:00:15", "text": "comparison between the 2026 bare market"}, {"start": "00:00:12", "end": "00:00:18", "text": "to the 2018 bare market from a"}, {"start": "00:00:15", "end": "00:00:21", "text": "structural perspective. But from a"}, {"start": "00:00:18", "end": "00:00:24", "text": "liquidity and business cycle and flow"}, {"start": "00:00:21", "end": "00:00:28", "text": "perspective, it looks more like the"}, {"start": "00:00:24", "end": "00:00:30", "text": "digestion phase after the 2019 apathetic"}, {"start": "00:00:28", "end": "00:00:31", "text": "top. If you guys like the content, make"}, {"start": "00:00:30", "end": "00:00:33", "text": "sure you subscribe to the channel, give"}, {"start": "00:00:31", "end": "00:00:35", "text": "the video a thumbs up, and also check"}, {"start": "00:00:33", "end": "00:00:37", "text": "out the sale on into the"}, {"start": "00:00:35", "end": "00:00:41", "text": "cryptoverse.com."}, {"start": "00:00:37", "end": "00:00:43", "text": "We also, as a reminder, have the ITC"}, {"start": "00:00:41", "end": "00:00:44", "text": "conference coming up in November. I know"}, {"start": "00:00:43", "end": "00:00:45", "text": "people need a lot of, you know, a lot of"}, {"start": "00:00:44", "end": "00:00:47", "text": "time to plan for something like that"}, {"start": "00:00:45", "end": "00:00:49", "text": "because it's an in-person event. It's"}, {"start": "00:00:47", "end": "00:00:52", "text": "not just log on to YouTube. Uh but if"}, {"start": "00:00:49", "end": "00:00:54", "text": "you are interested in going, as a"}, {"start": "00:00:52", "end": "00:00:58", "text": "reminder, it's taking place uh November"}, {"start": "00:00:54", "end": "00:01:00", "text": "20th through the 22nd in Miami, Florida."}, {"start": "00:00:58", "end": "00:01:02", "text": "And I I'm looking forward to having you"}, {"start": "00:01:00", "end": "00:01:04", "text": "guys there. And remember, one of the"}, {"start": "00:01:02", "end": "00:01:06", "text": "nice things about putting it in"}, {"start": "00:01:04", "end": "00:01:08", "text": "November, at least my idea was that"}, {"start": "00:01:06", "end": "00:01:10", "text": "ideally it'll be after the market cycle"}, {"start": "00:01:08", "end": "00:01:12", "text": "bottom for Bitcoin. There's always a"}, {"start": "00:01:10", "end": "00:01:15", "text": "chance that it it won't be, but I tend"}, {"start": "00:01:12", "end": "00:01:17", "text": "to think it it likely will be. And if"}, {"start": "00:01:15", "end": "00:01:19", "text": "it's not, if the low is not in by then,"}, {"start": "00:01:17", "end": "00:01:20", "text": "it probably be really, really close to"}, {"start": "00:01:19", "end": "00:01:23", "text": "being in. And we're going to talk about"}, {"start": "00:01:20", "end": "00:01:25", "text": "that a little bit in this video. So, if"}, {"start": "00:01:23", "end": "00:01:29", "text": "you look at Bitcoin,"}, {"start": "00:01:25", "end": "00:01:31", "text": "you know, we're right around 6162K."}, {"start": "00:01:29", "end": "00:01:34", "text": "From a structural perspective, this is a"}, {"start": "00:01:31", "end": "00:01:37", "text": "less volatile version of the 2018 bare"}, {"start": "00:01:34", "end": "00:01:39", "text": "market. Absolutely. And I know it sounds"}, {"start": "00:01:37", "end": "00:01:43", "text": "crazy and I I've been talking about this"}, {"start": "00:01:39", "end": "00:01:45", "text": "for the entire year and and a lot of"}, {"start": "00:01:43", "end": "00:01:47", "text": "people have faded it, but it honestly"}, {"start": "00:01:45", "end": "00:01:51", "text": "has played out. Like I I don't really"}, {"start": "00:01:47", "end": "00:01:53", "text": "think there's been another view of of"}, {"start": "00:01:51", "end": "00:01:56", "text": "the bare market here that was any better"}, {"start": "00:01:53", "end": "00:01:57", "text": "than the 2018 comparison. Now, what's"}, {"start": "00:01:56", "end": "00:01:59", "text": "interesting about the 2018 comparison"}, {"start": "00:01:57", "end": "00:02:02", "text": "and how it continues to play out is that"}, {"start": "00:01:59", "end": "00:02:04", "text": "in 2018, Bitcoin found a low in"}, {"start": "00:02:02", "end": "00:02:06", "text": "February, and then a higher low in"}, {"start": "00:02:04", "end": "00:02:09", "text": "March, late March, early April. Same"}, {"start": "00:02:06", "end": "00:02:10", "text": "thing in 2026, a low in February, and"}, {"start": "00:02:09", "end": "00:02:13", "text": "then a higher low in late March, early"}, {"start": "00:02:10", "end": "00:02:15", "text": "April, and then a lower high in May,"}, {"start": "00:02:13", "end": "00:02:18", "text": "just like we got a lower high in May of"}, {"start": "00:02:15", "end": "00:02:20", "text": "2026. Now, we talked about this back in"}, {"start": "00:02:18", "end": "00:02:22", "text": "February that the low that we get in"}, {"start": "00:02:20", "end": "00:02:25", "text": "March or early April could in fact be a"}, {"start": "00:02:22", "end": "00:02:27", "text": "higher low instead of a lower low, but"}, {"start": "00:02:25", "end": "00:02:29", "text": "because it was a higher low, a lot of"}, {"start": "00:02:27", "end": "00:02:32", "text": "people had a field day with it. They got"}, {"start": "00:02:29", "end": "00:02:33", "text": "really bullish. They called me out. But"}, {"start": "00:02:32", "end": "00:02:36", "text": "then you look at it and you're like,"}, {"start": "00:02:33", "end": "00:02:38", "text": "well, look, it actually looks really"}, {"start": "00:02:36", "end": "00:02:39", "text": "similar to what happened in 2026 where"}, {"start": "00:02:38", "end": "00:02:42", "text": "we had those like four or five green"}, {"start": "00:02:39", "end": "00:02:45", "text": "weeks in a row just to go up to the bare"}, {"start": "00:02:42", "end": "00:02:48", "text": "market resistance band and get rejected."}, {"start": "00:02:45", "end": "00:02:51", "text": "and we got rejected in May. So notice"}, {"start": "00:02:48", "end": "00:02:54", "text": "you have the February low in 2018, the"}, {"start": "00:02:51", "end": "00:02:55", "text": "February low in 2026. You have the"}, {"start": "00:02:54", "end": "00:02:57", "text": "higher low in late March, early April."}, {"start": "00:02:55", "end": "00:02:59", "text": "You have the higher low in early higher"}, {"start": "00:02:57", "end": "00:03:02", "text": "low in late March, early April 2026. So"}, {"start": "00:02:59", "end": "00:03:04", "text": "2018, 2026, the similarity stands. You"}, {"start": "00:03:02", "end": "00:03:07", "text": "have the lower high in May of 2018. You"}, {"start": "00:03:04", "end": "00:03:10", "text": "have the lower high in May of 2026. And"}, {"start": "00:03:07", "end": "00:03:13", "text": "then in June, late June, early July of"}, {"start": "00:03:10", "end": "00:03:16", "text": "2018, you sweep the February low just"}, {"start": "00:03:13", "end": "00:03:19", "text": "like you did in 2026. So in a lot of"}, {"start": "00:03:16", "end": "00:03:22", "text": "ways, it's the same from a structural"}, {"start": "00:03:19", "end": "00:03:24", "text": "perspective, but from a business cycle"}, {"start": "00:03:22", "end": "00:03:27", "text": "perspective"}, {"start": "00:03:24", "end": "00:03:29", "text": "and and and that in from a more macro"}, {"start": "00:03:27", "end": "00:03:33", "text": "perspective,"}, {"start": "00:03:29", "end": "00:03:37", "text": "it's not 2018. It's more like the 2019"}, {"start": "00:03:33", "end": "00:03:39", "text": "2019 20 sorry 2019 2020 era. So it's"}, {"start": "00:03:37", "end": "00:03:41", "text": "really interesting because a lot of"}, {"start": "00:03:39", "end": "00:03:43", "text": "people get hung up on the business cycle"}, {"start": "00:03:41", "end": "00:03:45", "text": "or the four-year cycle. But I think what"}, {"start": "00:03:43", "end": "00:03:47", "text": "a lot of people are missing is that they"}, {"start": "00:03:45", "end": "00:03:49", "text": "can both coexist."}, {"start": "00:03:47", "end": "00:03:51", "text": "Some people will say that the four-year"}, {"start": "00:03:49", "end": "00:03:52", "text": "cycle is wrong and they'll then point to"}, {"start": "00:03:51", "end": "00:03:56", "text": "the business cycle, right? They'll point"}, {"start": "00:03:52", "end": "00:03:58", "text": "to the ISM and and the M2 and all that"}, {"start": "00:03:56", "end": "00:04:00", "text": "stuff. And I'm not saying none of that"}, {"start": "00:03:58", "end": "00:04:01", "text": "stuff's important, but the reality is is"}, {"start": "00:04:00", "end": "00:04:03", "text": "all you had to follow was the four-year"}, {"start": "00:04:01", "end": "00:04:06", "text": "cycle. That stuff still can be important"}, {"start": "00:04:03", "end": "00:04:07", "text": "in terms of what does well, but it"}, {"start": "00:04:06", "end": "00:04:09", "text": "doesn't mean that Bitcoin escapes the"}, {"start": "00:04:07", "end": "00:04:10", "text": "four-year cycle just because the"}, {"start": "00:04:09", "end": "00:04:13", "text": "manufacturing sector is doing well. If"}, {"start": "00:04:10", "end": "00:04:15", "text": "the manufacturing sector is doing well,"}, {"start": "00:04:13", "end": "00:04:17", "text": "then I would think and what I did last"}, {"start": "00:04:15", "end": "00:04:19", "text": "year was I bought manufacturing stocks."}, {"start": "00:04:17", "end": "00:04:21", "text": "Just because I see the manufacturing"}, {"start": "00:04:19", "end": "00:04:23", "text": "sector doing well doesn't mean I go out"}, {"start": "00:04:21", "end": "00:04:27", "text": "and buy altcoins, right? I mean, like"}, {"start": "00:04:23", "end": "00:04:30", "text": "that that should be pretty obvious. So"}, {"start": "00:04:27", "end": "00:04:31", "text": "from this perspective, it's playing out."}, {"start": "00:04:30", "end": "00:04:33", "text": "And when you look at the year-to- date"}, {"start": "00:04:31", "end": "00:04:37", "text": "ROI of it, right? When you look at the"}, {"start": "00:04:33", "end": "00:04:39", "text": "year-to- date ROI of Bitcoin in 2026"}, {"start": "00:04:37", "end": "00:04:43", "text": "compared to 2018, you can see it's just"}, {"start": "00:04:39", "end": "00:04:46", "text": "a less volatile version of 2018. The low"}, {"start": "00:04:43", "end": "00:04:49", "text": "in February aligns. The higher low in"}, {"start": "00:04:46", "end": "00:04:52", "text": "late March, early April, again, align"}, {"start": "00:04:49", "end": "00:04:54", "text": "the lower high in May align. You sweep"}, {"start": "00:04:52", "end": "00:04:56", "text": "the low in June, late late June, early"}, {"start": "00:04:54", "end": "00:04:59", "text": "July, that aligns as well. Even the"}, {"start": "00:04:56", "end": "00:05:00", "text": "smaller little move up and then the dip"}, {"start": "00:04:59", "end": "00:05:03", "text": "going into CPI, which is what we're"}, {"start": "00:05:00", "end": "00:05:07", "text": "getting right now. Guess what? That also"}, {"start": "00:05:03", "end": "00:05:09", "text": "aligns. It's all the same thing. The"}, {"start": "00:05:07", "end": "00:05:12", "text": "only question we have to ask ourselves"}, {"start": "00:05:09", "end": "00:05:15", "text": "is, do we get this at the end of the"}, {"start": "00:05:12", "end": "00:05:17", "text": "year? Now, a lot of people say that this"}, {"start": "00:05:15", "end": "00:05:20", "text": "will break, and you might be surprised"}, {"start": "00:05:17", "end": "00:05:26", "text": "for me to hear me say I agree with you."}, {"start": "00:05:20", "end": "00:05:28", "text": "I agree that this fractal will break."}, {"start": "00:05:26", "end": "00:05:30", "text": "What I don't agree with is the people"}, {"start": "00:05:28", "end": "00:05:32", "text": "that spent the last 8 months saying it"}, {"start": "00:05:30", "end": "00:05:33", "text": "would break up until this point. And I"}, {"start": "00:05:32", "end": "00:05:36", "text": "still don't think it's going to break. I"}, {"start": "00:05:33", "end": "00:05:37", "text": "I think the most likely outcome is that"}, {"start": "00:05:36", "end": "00:05:39", "text": "you you're sort of you've been in this"}, {"start": "00:05:37", "end": "00:05:41", "text": "window of strength for a little bit and"}, {"start": "00:05:39", "end": "00:05:43", "text": "and a lot of times going into mid July"}, {"start": "00:05:41", "end": "00:05:47", "text": "there's a brief drop before it bounces"}, {"start": "00:05:43", "end": "00:05:49", "text": "again. But by late July, early August,"}, {"start": "00:05:47", "end": "00:05:50", "text": "you know, there's a good chance Bitcoin"}, {"start": "00:05:49", "end": "00:05:53", "text": "just gives these gains right back,"}, {"start": "00:05:50", "end": "00:05:54", "text": "whatever gains end up happening. And I"}, {"start": "00:05:53", "end": "00:05:57", "text": "just want people to be aware of that."}, {"start": "00:05:54", "end": "00:06:00", "text": "And it's not even just a 2018 thing. You"}, {"start": "00:05:57", "end": "00:06:02", "text": "know, I know in 2018, Bitcoin rallied in"}, {"start": "00:06:00", "end": "00:06:04", "text": "July and and then it came it gave all"}, {"start": "00:06:02", "end": "00:06:06", "text": "those gains back in August. But it also"}, {"start": "00:06:04", "end": "00:06:08", "text": "did the same thing in 2022 or yeah,"}, {"start": "00:06:06", "end": "00:06:09", "text": "2022. Bitcoin rallied in July and then"}, {"start": "00:06:08", "end": "00:06:12", "text": "it gave all those gains back in in"}, {"start": "00:06:09", "end": "00:06:13", "text": "August going into early September. So,"}, {"start": "00:06:12", "end": "00:06:15", "text": "Bitcoin likes to do that, right? like it"}, {"start": "00:06:13", "end": "00:06:17", "text": "likes to get a little bounce in early"}, {"start": "00:06:15", "end": "00:06:21", "text": "July, put in a higher low in mid July"}, {"start": "00:06:17", "end": "00:06:24", "text": "around the CPI report, bounce again, but"}, {"start": "00:06:21", "end": "00:06:26", "text": "then give it all back by by August, mid"}, {"start": "00:06:24", "end": "00:06:28", "text": "August, late August. That's what it"}, {"start": "00:06:26", "end": "00:06:30", "text": "tends to do. So, we got to be we got to"}, {"start": "00:06:28", "end": "00:06:32", "text": "be aware of that that this is what"}, {"start": "00:06:30", "end": "00:06:35", "text": "normally plays out for Bitcoin. And I"}, {"start": "00:06:32", "end": "00:06:38", "text": "want to be clear,"}, {"start": "00:06:35", "end": "00:06:39", "text": "I am not talking about altcoins. I know"}, {"start": "00:06:38", "end": "00:06:41", "text": "there's this joke that I'm not talking"}, {"start": "00:06:39", "end": "00:06:43", "text": "about your alt, but I I want to sort of"}, {"start": "00:06:41", "end": "00:06:46", "text": "issue a warning here about another"}, {"start": "00:06:43", "end": "00:06:50", "text": "warning the for the 20,000th time about"}, {"start": "00:06:46", "end": "00:06:52", "text": "altcoins. In 2018, when Bitcoin found a"}, {"start": "00:06:50", "end": "00:06:56", "text": "low in June and then rallied into July,"}, {"start": "00:06:52", "end": "00:07:00", "text": "it held 6K as support until November,"}, {"start": "00:06:56", "end": "00:07:03", "text": "but the altcoin market bled out a lot in"}, {"start": "00:07:00", "end": "00:07:05", "text": "August and September and October. Like,"}, {"start": "00:07:03", "end": "00:07:08", "text": "it bled out a lot. And and if you"}, {"start": "00:07:05", "end": "00:07:10", "text": "overlay Bitcoin with altcoins, you'll"}, {"start": "00:07:08", "end": "00:07:13", "text": "see it."}, {"start": "00:07:10", "end": "00:07:15", "text": "Look at total three over Bitcoin. Notice"}, {"start": "00:07:13", "end": "00:07:17", "text": "how in 2018, Bitcoin was holding"}, {"start": "00:07:15", "end": "00:07:19", "text": "support."}, {"start": "00:07:17", "end": "00:07:21", "text": "What were altcoins doing? They were"}, {"start": "00:07:19", "end": "00:07:23", "text": "doing what they do. They they do best."}, {"start": "00:07:21", "end": "00:07:25", "text": "They bleed, right? They were bleeding."}, {"start": "00:07:23", "end": "00:07:28", "text": "They were bleeding even while Bitcoin"}, {"start": "00:07:25", "end": "00:07:30", "text": "was holding support at 6K. Now, where do"}, {"start": "00:07:28", "end": "00:07:34", "text": "I think this is going to break? I could"}, {"start": "00:07:30", "end": "00:07:36", "text": "be wrong, but my guess is that we won't"}, {"start": "00:07:34", "end": "00:07:38", "text": "have to wait until the end of December"}, {"start": "00:07:36", "end": "00:07:40", "text": "for the low. I would think it would"}, {"start": "00:07:38", "end": "00:07:43", "text": "occur sooner than that. Maybe like late"}, {"start": "00:07:40", "end": "00:07:46", "text": "September, early October seems about"}, {"start": "00:07:43", "end": "00:07:49", "text": "right. And the reason I say that is"}, {"start": "00:07:46", "end": "00:07:52", "text": "because if you look at the ROI, right,"}, {"start": "00:07:49", "end": "00:07:55", "text": "from the low and you measure it out to"}, {"start": "00:07:52", "end": "00:07:57", "text": "the next low, that would put you in like"}, {"start": "00:07:55", "end": "00:08:00", "text": "late September, early October. So, the"}, {"start": "00:07:57", "end": "00:08:02", "text": "idea of having to wait to December would"}, {"start": "00:08:00", "end": "00:08:04", "text": "imply that this bare market will go on a"}, {"start": "00:08:02", "end": "00:08:06", "text": "lot longer than the last two. And I"}, {"start": "00:08:04", "end": "00:08:08", "text": "don't I'm not inclined to believe that"}, {"start": "00:08:06", "end": "00:08:09", "text": "that's going to happen. Now, there's one"}, {"start": "00:08:08", "end": "00:08:13", "text": "example where it did last a little bit"}, {"start": "00:08:09", "end": "00:08:15", "text": "longer. If you look at 2014, 2013, 2014,"}, {"start": "00:08:13", "end": "00:08:17", "text": "the bare market actually started in late"}, {"start": "00:08:15", "end": "00:08:19", "text": "November and didn't end until early"}, {"start": "00:08:17", "end": "00:08:21", "text": "January. So, if the bare market were to"}, {"start": "00:08:19", "end": "00:08:24", "text": "go 134 months, then I guess Bitcoin"}, {"start": "00:08:21", "end": "00:08:27", "text": "could bottom in December instead. But"}, {"start": "00:08:24", "end": "00:08:29", "text": "that is not my base case. I think that"}, {"start": "00:08:27", "end": "00:08:32", "text": "the people are right that the fractal of"}, {"start": "00:08:29", "end": "00:08:34", "text": "the year-to- date ROI will likely break,"}, {"start": "00:08:32", "end": "00:08:37", "text": "but I think it could break because maybe"}, {"start": "00:08:34", "end": "00:08:40", "text": "Bitcoin bottoms a month or two sooner"}, {"start": "00:08:37", "end": "00:08:43", "text": "than in 2018. Because remember in 2018,"}, {"start": "00:08:40", "end": "00:08:46", "text": "Bitcoin bottomed in December"}, {"start": "00:08:43", "end": "00:08:48", "text": "of 2018, but the point is that yeah, it"}, {"start": "00:08:46", "end": "00:08:52", "text": "bottomed in December, but it also topped"}, {"start": "00:08:48", "end": "00:08:56", "text": "in December the year before. This time"}, {"start": "00:08:52", "end": "00:08:58", "text": "we topped in October. So yeah, it could"}, {"start": "00:08:56", "end": "00:08:59", "text": "bottom in December, but that might be"}, {"start": "00:08:58", "end": "00:09:01", "text": "getting a little greedy, right? That"}, {"start": "00:08:59", "end": "00:09:03", "text": "might be getting a little greedy at that"}, {"start": "00:09:01", "end": "00:09:06", "text": "point and to say, you know what, let's"}, {"start": "00:09:03", "end": "00:09:08", "text": "not let's not get overly greedy on that."}, {"start": "00:09:06", "end": "00:09:10", "text": "I I think the argument is what's most"}, {"start": "00:09:08", "end": "00:09:12", "text": "likely to happen for Bitcoin is, you"}, {"start": "00:09:10", "end": "00:09:13", "text": "know, it's getting squeezed between the"}, {"start": "00:09:12", "end": "00:09:15", "text": "200week moving average and the bare"}, {"start": "00:09:13", "end": "00:09:17", "text": "market resistance band. You might get a"}, {"start": "00:09:15", "end": "00:09:18", "text": "little bit of a a dip here and perhaps"}, {"start": "00:09:17", "end": "00:09:20", "text": "retest the bare market resistance band"}, {"start": "00:09:18", "end": "00:09:23", "text": "and just spend some time in here. You"}, {"start": "00:09:20", "end": "00:09:25", "text": "get your resolution. My guess would be"}, {"start": "00:09:23", "end": "00:09:27", "text": "to the downside because that would"}, {"start": "00:09:25", "end": "00:09:30", "text": "that's what would be needed to fully"}, {"start": "00:09:27", "end": "00:09:33", "text": "reset all the onchain indicators"}, {"start": "00:09:30", "end": "00:09:34", "text": "and then from that low you form your"}, {"start": "00:09:33", "end": "00:09:36", "text": "market cycle bottom and then the next"}, {"start": "00:09:34", "end": "00:09:37", "text": "bull market begins. Now again I'm not"}, {"start": "00:09:36", "end": "00:09:40", "text": "saying you need to wait for that to buy"}, {"start": "00:09:37", "end": "00:09:42", "text": "Bitcoin because the reality is is I"}, {"start": "00:09:40", "end": "00:09:45", "text": "never have right I mean like in 2018 and"}, {"start": "00:09:42", "end": "00:09:48", "text": "2022 I just started buying in in the"}, {"start": "00:09:45", "end": "00:09:49", "text": "summer and you know I had to stomach"}, {"start": "00:09:48", "end": "00:09:51", "text": "some downside in the short term but it"}, {"start": "00:09:49", "end": "00:09:53", "text": "eventually worked out."}, {"start": "00:09:51", "end": "00:09:55", "text": "This is an academic exercise, right?"}, {"start": "00:09:53", "end": "00:09:58", "text": "Like I'm not telling you, hey, you have"}, {"start": "00:09:55", "end": "00:10:00", "text": "to time the bottom. Because the reality"}, {"start": "00:09:58", "end": "00:10:02", "text": "is if you don't buy Bitcoin and you"}, {"start": "00:10:00", "end": "00:10:03", "text": "decide you're going to time the bottom,"}, {"start": "00:10:02", "end": "00:10:05", "text": "what's more likely going to happen is"}, {"start": "00:10:03", "end": "00:10:06", "text": "the bottom's going to happen and you're"}, {"start": "00:10:05", "end": "00:10:08", "text": "going to be at work or you're going to"}, {"start": "00:10:06", "end": "00:10:10", "text": "be too scared to buy and then while you"}, {"start": "00:10:08", "end": "00:10:11", "text": "technically were right, you did not make"}, {"start": "00:10:10", "end": "00:10:14", "text": "money. There's a difference between"}, {"start": "00:10:11", "end": "00:10:18", "text": "being right and making money. A big"}, {"start": "00:10:14", "end": "00:10:22", "text": "difference. I would rather be rich and"}, {"start": "00:10:18", "end": "00:10:25", "text": "right than poor and wrong."}, {"start": "00:10:22", "end": "00:10:27", "text": "If you have an ego that gets in the way"}, {"start": "00:10:25", "end": "00:10:29", "text": "of you making money, that's a problem"}, {"start": "00:10:27", "end": "00:10:31", "text": "you need to address. Right? Being right"}, {"start": "00:10:29", "end": "00:10:34", "text": "doesn't necessarily mean anything. It"}, {"start": "00:10:31", "end": "00:10:36", "text": "doesn't. There's a huge difference"}, {"start": "00:10:34", "end": "00:10:39", "text": "between being right and making money."}, {"start": "00:10:36", "end": "00:10:44", "text": "And as I said earlier, I'd rather be"}, {"start": "00:10:39", "end": "00:10:48", "text": "rich and wrong than poor and right."}, {"start": "00:10:44", "end": "00:10:51", "text": "Drop the ego. I'd rather make money than"}, {"start": "00:10:48", "end": "00:10:52", "text": "be right. So, we got to be clear about"}, {"start": "00:10:51", "end": "00:10:56", "text": "that, right? Don't let your ego get in"}, {"start": "00:10:52", "end": "00:10:59", "text": "the way. To me, Bitcoin is following"}, {"start": "00:10:56", "end": "00:11:01", "text": "what it did in 2018, right? Even this"}, {"start": "00:10:59", "end": "00:11:04", "text": "little consolidation right here is"}, {"start": "00:11:01", "end": "00:11:07", "text": "exactly what it did in 2018. Like, it it"}, {"start": "00:11:04", "end": "00:11:09", "text": "you see it's it's the same thing, you"}, {"start": "00:11:07", "end": "00:11:11", "text": "know? I mean, it's it's almost a carbon"}, {"start": "00:11:09", "end": "00:11:13", "text": "copy. Look at this. Two green weeks"}, {"start": "00:11:11", "end": "00:11:16", "text": "after the June early July low. two green"}, {"start": "00:11:13", "end": "00:11:18", "text": "weeks followed by a red week in the"}, {"start": "00:11:16", "end": "00:11:20", "text": "middle of July. Look at 2018. It's the"}, {"start": "00:11:18", "end": "00:11:22", "text": "same thing, right? You put in your low"}, {"start": "00:11:20", "end": "00:11:24", "text": "in late June, early July, you get two"}, {"start": "00:11:22", "end": "00:11:26", "text": "green weeks, one red week, and then the"}, {"start": "00:11:24", "end": "00:11:30", "text": "next week you rally on up to the bare"}, {"start": "00:11:26", "end": "00:11:32", "text": "market resistance band by late July."}, {"start": "00:11:30", "end": "00:11:35", "text": "And then guess what? In August, you give"}, {"start": "00:11:32", "end": "00:11:38", "text": "it all back."}, {"start": "00:11:35", "end": "00:11:41", "text": "It's the same thing. What I'm arguing is"}, {"start": "00:11:38", "end": "00:11:43", "text": "that I think you see how Bitcoin after"}, {"start": "00:11:41", "end": "00:11:44", "text": "giving back the July gains, how it just"}, {"start": "00:11:43", "end": "00:11:47", "text": "went sideways until November before it"}, {"start": "00:11:44", "end": "00:11:51", "text": "fell. What I'm saying is the pattern"}, {"start": "00:11:47", "end": "00:11:53", "text": "will break likely because let's suppose"}, {"start": "00:11:51", "end": "00:11:54", "text": "this is a red week. We go up to the bare"}, {"start": "00:11:53", "end": "00:11:56", "text": "market resistance band one more time by"}, {"start": "00:11:54", "end": "00:11:59", "text": "like late July, early August. We get"}, {"start": "00:11:56", "end": "00:12:02", "text": "stuck in here. Stock market correction"}, {"start": "00:11:59", "end": "00:12:04", "text": "starts August or September. Bitcoin"}, {"start": "00:12:02", "end": "00:12:05", "text": "drops to form the market cycle bottom. I"}, {"start": "00:12:04", "end": "00:12:07", "text": "don't think it's going to go sideways"}, {"start": "00:12:05", "end": "00:12:09", "text": "until November before dropping. I think"}, {"start": "00:12:07", "end": "00:12:13", "text": "it'll drop before then, which is why the"}, {"start": "00:12:09", "end": "00:12:15", "text": "pattern I think will break."}, {"start": "00:12:13", "end": "00:12:18", "text": "So, from a structural perspective, this"}, {"start": "00:12:15", "end": "00:12:20", "text": "is 2018, just a less volatile version of"}, {"start": "00:12:18", "end": "00:12:23", "text": "it. From a business cycle perspective,"}, {"start": "00:12:20", "end": "00:12:26", "text": "this is absolutely what it felt like"}, {"start": "00:12:23", "end": "00:12:29", "text": "after the 2019 apathetic top where"}, {"start": "00:12:26", "end": "00:12:30", "text": "altcoins were dropping, Bitcoin was"}, {"start": "00:12:29", "end": "00:12:32", "text": "dropping, dominance was more or less"}, {"start": "00:12:30", "end": "00:12:35", "text": "going sideways, slightly down if you"}, {"start": "00:12:32", "end": "00:12:38", "text": "include stable coins. That's what it did"}, {"start": "00:12:35", "end": "00:12:42", "text": "in 2019, too. So, we've seen this story"}, {"start": "00:12:38", "end": "00:12:45", "text": "before. Chapter 1 was the 2018 bare"}, {"start": "00:12:42", "end": "00:12:48", "text": "market where we held support at 6K."}, {"start": "00:12:45", "end": "00:12:51", "text": "Chapter 2 was a 2019 bare market where"}, {"start": "00:12:48", "end": "00:12:53", "text": "we also coincidentally held support at"}, {"start": "00:12:51", "end": "00:12:56", "text": "6K."}, {"start": "00:12:53", "end": "00:12:58", "text": "From a business cycle perspective,"}, {"start": "00:12:56", "end": "00:13:01", "text": "this is 2019 2020. From the four-year"}, {"start": "00:12:58", "end": "00:13:03", "text": "cycle perspective, it's 2018. A lot of"}, {"start": "00:13:01", "end": "00:13:06", "text": "guys get caught up thinking it has to be"}, {"start": "00:13:03", "end": "00:13:08", "text": "one or the other."}, {"start": "00:13:06", "end": "00:13:11", "text": "Why not both?"}, {"start": "00:13:08", "end": "00:13:13", "text": "Why not both? Because"}, {"start": "00:13:11", "end": "00:13:16", "text": "while Bitcoin topped when it always tops"}, {"start": "00:13:13", "end": "00:13:18", "text": "at the end of at the end of the post"}, {"start": "00:13:16", "end": "00:13:20", "text": "having year there was no rotation into"}, {"start": "00:13:18", "end": "00:13:22", "text": "altcoins. That doesn't mean the"}, {"start": "00:13:20", "end": "00:13:25", "text": "four-year cycle broke. It just means"}, {"start": "00:13:22", "end": "00:13:28", "text": "that the business cycle did not support"}, {"start": "00:13:25", "end": "00:13:31", "text": "that rotation."}, {"start": "00:13:28", "end": "00:13:34", "text": "And also because most altcoins don't"}, {"start": "00:13:31", "end": "00:13:36", "text": "actually do anything and and they"}, {"start": "00:13:34", "end": "00:13:38", "text": "survive off loose monetary policy. You"}, {"start": "00:13:36", "end": "00:13:39", "text": "know, it's not like the AI trade"}, {"start": "00:13:38", "end": "00:13:42", "text": "required loose monetary policy to do"}, {"start": "00:13:39", "end": "00:13:46", "text": "well. Crypto does, but that's because"}, {"start": "00:13:42", "end": "00:13:48", "text": "mostly crypto is dubious speculation."}, {"start": "00:13:46", "end": "00:13:52", "text": "Let's have some products. Let's have"}, {"start": "00:13:48", "end": "00:13:56", "text": "some businesses within crypto that make"}, {"start": "00:13:52", "end": "00:13:58", "text": "money. Give me something like that and"}, {"start": "00:13:56", "end": "00:14:00", "text": "monetary policy might not mean as much"}, {"start": "00:13:58", "end": "00:14:03", "text": "for these companies, right? But if the"}, {"start": "00:14:00", "end": "00:14:05", "text": "whole business model is just built on"}, {"start": "00:14:03", "end": "00:14:08", "text": "people continuing to come in and buy and"}, {"start": "00:14:05", "end": "00:14:10", "text": "then you go through some hard times"}, {"start": "00:14:08", "end": "00:14:11", "text": "economically, then that kind of breaks"}, {"start": "00:14:10", "end": "00:14:12", "text": "down for a little while and that's one"}, {"start": "00:14:11", "end": "00:14:15", "text": "of the reasons why there was no rotation"}, {"start": "00:14:12", "end": "00:14:17", "text": "into higher risk assets. Well, we've"}, {"start": "00:14:15", "end": "00:14:22", "text": "rolled down the risk curve rather than"}, {"start": "00:14:17", "end": "00:14:26", "text": "up it. So structurally, this was 2018"}, {"start": "00:14:22", "end": "00:14:28", "text": "from a business cycle perspective"}, {"start": "00:14:26", "end": "00:14:31", "text": "2019."}, {"start": "00:14:28", "end": "00:14:33", "text": "Those are my views. I hope this has been"}, {"start": "00:14:31", "end": "00:14:34", "text": "helpful for you guys. I don't know. I"}, {"start": "00:14:33", "end": "00:14:36", "text": "mean, I I I obviously don't have a"}, {"start": "00:14:34", "end": "00:14:37", "text": "crystal ball. I do not know exactly"}, {"start": "00:14:36", "end": "00:14:39", "text": "what's going to happen. These are my"}, {"start": "00:14:37", "end": "00:14:40", "text": "best guesses. I hope everyone's been"}, {"start": "00:14:39", "end": "00:14:42", "text": "enjoying their summer. I've been"}, {"start": "00:14:40", "end": "00:14:44", "text": "watching a lot of the World Cup."}, {"start": "00:14:42", "end": "00:14:45", "text": "Bitcoin's going to be here after the"}, {"start": "00:14:44", "end": "00:14:48", "text": "World Cup. You know, it's okay to go"}, {"start": "00:14:45", "end": "00:14:49", "text": "watch a few games. Bitcoin's not going"}, {"start": "00:14:48", "end": "00:14:51", "text": "anywhere."}, {"start": "00:14:49", "end": "00:14:54", "text": "I mean, the World Cup, we got Tuesday,"}, {"start": "00:14:51", "end": "00:14:56", "text": "Wednesday, and then the the third place"}, {"start": "00:14:54", "end": "00:14:58", "text": "game Saturday, Sunday."}, {"start": "00:14:56", "end": "00:15:00", "text": "I go watch that rather than watch"}, {"start": "00:14:58", "end": "00:15:04", "text": "Bitcoin. this week."}, {"start": "00:15:00", "end": "00:15:06", "text": "So, just be aware that there's more to"}, {"start": "00:15:04", "end": "00:15:08", "text": "life than the markets. The markets will"}, {"start": "00:15:06", "end": "00:15:11", "text": "come back, right? Like, I think Bitcoin"}, {"start": "00:15:08", "end": "00:15:14", "text": "will come back, but it's going through"}, {"start": "00:15:11", "end": "00:15:15", "text": "what we call timebased"}, {"start": "00:15:14", "end": "00:15:18", "text": "capitulation."}, {"start": "00:15:15", "end": "00:15:19", "text": "And I can't speed it up. You can't speed"}, {"start": "00:15:18", "end": "00:15:22", "text": "it up. The only thing that would speed"}, {"start": "00:15:19", "end": "00:15:25", "text": "it up is if we get some type of massive"}, {"start": "00:15:22", "end": "00:15:28", "text": "catalyst that causes a big crash, then"}, {"start": "00:15:25", "end": "00:15:29", "text": "that could speed it up. But we can't do"}, {"start": "00:15:28", "end": "00:15:32", "text": "anything about it other than to just be"}, {"start": "00:15:29", "end": "00:15:34", "text": "patient. Come up with a strategy."}, {"start": "00:15:32", "end": "00:15:36", "text": "Whether it's DCAing, whatever it is,"}, {"start": "00:15:34", "end": "00:15:39", "text": "just be patient. Wait, and realize that"}, {"start": "00:15:36", "end": "00:15:41", "text": "the market is doing what it's always"}, {"start": "00:15:39", "end": "00:15:42", "text": "done."}, {"start": "00:15:41", "end": "00:15:45", "text": "And the midterm years have always been"}, {"start": "00:15:42", "end": "00:15:46", "text": "bad, the guys who faded the four-year"}, {"start": "00:15:45", "end": "00:15:49", "text": "cycle,"}, {"start": "00:15:46", "end": "00:15:52", "text": "I hope they get the memo, but it's doing"}, {"start": "00:15:49", "end": "00:15:54", "text": "what it's always done. And as I've said"}, {"start": "00:15:52", "end": "00:15:56", "text": "before, the biggest critics of the"}, {"start": "00:15:54", "end": "00:15:57", "text": "four-year cycle will likely become the"}, {"start": "00:15:56", "end": "00:15:59", "text": "biggest cheerleaders in just a few"}, {"start": "00:15:57", "end": "00:16:00", "text": "months. Again, if you guys like the"}, {"start": "00:15:59", "end": "00:16:02", "text": "content, make sure you subscribe, give"}, {"start": "00:16:00", "end": "00:16:04", "text": "the video a thumbs up, check out ITC"}, {"start": "00:16:02", "end": "00:16:06", "text": "Premium at into the cryptoverse.com. We"}, {"start": "00:16:04", "end": "00:16:09", "text": "have that sale still going on. And then"}, {"start": "00:16:06", "end": "00:16:11", "text": "the last thing I will say, and I know I"}, {"start": "00:16:09", "end": "00:16:13", "text": "talk about this a lot, but we have the"}, {"start": "00:16:11", "end": "00:16:15", "text": "ITC conference investing through the"}, {"start": "00:16:13", "end": "00:16:18", "text": "cycles. We've got a lot of great"}, {"start": "00:16:15", "end": "00:16:19", "text": "speakers lined up. Um, I hope to see you"}, {"start": "00:16:18", "end": "00:16:20", "text": "guys there. Links in the description"}, {"start": "00:16:19", "end": "00:16:23", "text": "below. Thank you guys for tuning in."}, {"start": "00:16:20", "end": "00:16:23", "text": "I'll see you next time."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:11", "text": "dubious speculation. If you guys like"}, {"start": "00:00:09", "end": "00:00:13", "text": "the content, make sure you subscribe to"}, {"start": "00:00:11", "end": "00:00:15", "text": "the channel, give the video a thumbs up,"}, {"start": "00:00:13", "end": "00:00:16", "text": "and also check out the sale on into the"}, {"start": "00:00:15", "end": "00:00:19", "text": "cryptoverse premium at"}, {"start": "00:00:16", "end": "00:00:21", "text": "intothecryptoverse.com."}, {"start": "00:00:19", "end": "00:00:23", "text": "Let's go ahead and jump in. I am getting"}, {"start": "00:00:21", "end": "00:00:25", "text": "pretty excited about the first ITC"}, {"start": "00:00:23", "end": "00:00:27", "text": "conference. We've lined up a lot of"}, {"start": "00:00:25", "end": "00:00:29", "text": "great speakers and we're still lining up"}, {"start": "00:00:27", "end": "00:00:31", "text": "more. uh we will at least be able to"}, {"start": "00:00:29", "end": "00:00:34", "text": "have the first edition of NFA Live,"}, {"start": "00:00:31", "end": "00:00:36", "text": "actually live uh because we will have"}, {"start": "00:00:34", "end": "00:00:39", "text": "both Rob and Guy at the conference. And"}, {"start": "00:00:36", "end": "00:00:41", "text": "believe it or not, we've never all been"}, {"start": "00:00:39", "end": "00:00:42", "text": "uh at the same place at the same time."}, {"start": "00:00:41", "end": "00:00:44", "text": "We've met each other individually, but"}, {"start": "00:00:42", "end": "00:00:46", "text": "not all three together. We've also got a"}, {"start": "00:00:44", "end": "00:00:48", "text": "lot of other great speakers coming as"}, {"start": "00:00:46", "end": "00:00:51", "text": "well. Uh you can check it out at the"}, {"start": "00:00:48", "end": "00:00:53", "text": "website Benjamin Cowan.com and then go"}, {"start": "00:00:51", "end": "00:00:55", "text": "to the conference tab. I look forward to"}, {"start": "00:00:53", "end": "00:00:57", "text": "seeing you guys there. Let's go ahead"}, {"start": "00:00:55", "end": "00:00:59", "text": "and jump in. So, with these Bitcoin"}, {"start": "00:00:57", "end": "00:01:01", "text": "dubious speculation videos, right, we"}, {"start": "00:00:59", "end": "00:01:03", "text": "have to remind ourselves that no one"}, {"start": "00:01:01", "end": "00:01:06", "text": "knows what's going to happen in the"}, {"start": "00:01:03", "end": "00:01:09", "text": "short term. It doesn't matter how"}, {"start": "00:01:06", "end": "00:01:13", "text": "confidently someone says anything. The"}, {"start": "00:01:09", "end": "00:01:15", "text": "truth is that no one knows. But over"}, {"start": "00:01:13", "end": "00:01:18", "text": "here on this channel, we have used our"}, {"start": "00:01:15", "end": "00:01:22", "text": "understanding of seasonality and the"}, {"start": "00:01:18", "end": "00:01:25", "text": "4-year cycle for Bitcoin to best"}, {"start": "00:01:22", "end": "00:01:28", "text": "understand when lows are likely going to"}, {"start": "00:01:25", "end": "00:01:33", "text": "occur and when those counter trend"}, {"start": "00:01:28", "end": "00:01:35", "text": "rallies could occur. So, we do that as"}, {"start": "00:01:33", "end": "00:01:39", "text": "an academic exercise, right? That's the"}, {"start": "00:01:35", "end": "00:01:41", "text": "reason why we do it. The way that I stay"}, {"start": "00:01:39", "end": "00:01:44", "text": "entertained throughout the midterm years"}, {"start": "00:01:41", "end": "00:01:46", "text": "is in the summer I watch the World Cup."}, {"start": "00:01:44", "end": "00:01:49", "text": "That's a lot more exciting to me than"}, {"start": "00:01:46", "end": "00:01:52", "text": "trying to time counterturn rallies in in"}, {"start": "00:01:49", "end": "00:01:54", "text": "Bitcoin. Be that as it may, as I've"}, {"start": "00:01:52", "end": "00:01:56", "text": "said, DCAing Bitcoin in the second half"}, {"start": "00:01:54", "end": "00:01:58", "text": "of midterm years normally works out"}, {"start": "00:01:56", "end": "00:02:00", "text": "pretty well as long as you have a long"}, {"start": "00:01:58", "end": "00:02:03", "text": "enough time horizon in mind. Of course,"}, {"start": "00:02:00", "end": "00:02:07", "text": "that's not financial advice. Now, let's"}, {"start": "00:02:03", "end": "00:02:09", "text": "talk about the seasonality, right?"}, {"start": "00:02:07", "end": "00:02:12", "text": "Because one of the things that we've"}, {"start": "00:02:09", "end": "00:02:14", "text": "mentioned is that despite"}, {"start": "00:02:12", "end": "00:02:17", "text": "the mental gymnastics, right, despite"}, {"start": "00:02:14", "end": "00:02:20", "text": "the mental gymnastics by those that have"}, {"start": "00:02:17", "end": "00:02:23", "text": "suggested that we can't look at at prior"}, {"start": "00:02:20", "end": "00:02:24", "text": "cycles to give us any insight, the prior"}, {"start": "00:02:23", "end": "00:02:28", "text": "cycles have actually been really"}, {"start": "00:02:24", "end": "00:02:31", "text": "insightful in helping to to navigate the"}, {"start": "00:02:28", "end": "00:02:33", "text": "current market cycle. I understand that"}, {"start": "00:02:31", "end": "00:02:36", "text": "it's not like we have a lot of data"}, {"start": "00:02:33", "end": "00:02:38", "text": "points. I'm not disputing that, right? I"}, {"start": "00:02:36", "end": "00:02:40", "text": "mean I, you know, I studied engineering."}, {"start": "00:02:38", "end": "00:02:42", "text": "I I know you need more than three data"}, {"start": "00:02:40", "end": "00:02:44", "text": "points for something to be statistically"}, {"start": "00:02:42", "end": "00:02:49", "text": "significant. We're doing this as an"}, {"start": "00:02:44", "end": "00:02:50", "text": "exercise. And despite how it's not"}, {"start": "00:02:49", "end": "00:02:53", "text": "necessarily statistically significant,"}, {"start": "00:02:50", "end": "00:02:56", "text": "it's the best we have and it actually"}, {"start": "00:02:53", "end": "00:02:59", "text": "keeps working out to the dismay of those"}, {"start": "00:02:56", "end": "00:03:05", "text": "who faded it. And what we've talked"}, {"start": "00:02:59", "end": "00:03:07", "text": "about is how Bitcoin likes to form lows"}, {"start": "00:03:05", "end": "00:03:12", "text": "in February of midterm years. February"}, {"start": "00:03:07", "end": "00:03:14", "text": "of 2014, February of 2018, February of"}, {"start": "00:03:12", "end": "00:03:19", "text": "2022, sort of a higher low, but still a"}, {"start": "00:03:14", "end": "00:03:21", "text": "low. And then February of 2026."}, {"start": "00:03:19", "end": "00:03:24", "text": "Oftentimes going into February, Bitcoin"}, {"start": "00:03:21", "end": "00:03:28", "text": "is weak and then it it finds a low and"}, {"start": "00:03:24", "end": "00:03:32", "text": "then rallies into early March. So, we"}, {"start": "00:03:28", "end": "00:03:34", "text": "talked about this early on, right? And"}, {"start": "00:03:32", "end": "00:03:36", "text": "before that, we talked about how after"}, {"start": "00:03:34", "end": "00:03:39", "text": "you get this initial leg of the bare"}, {"start": "00:03:36", "end": "00:03:42", "text": "market, especially where Bitcoin drops"}, {"start": "00:03:39", "end": "00:03:45", "text": "below the um the 50week moving average"}, {"start": "00:03:42", "end": "00:03:46", "text": "right here, it's it's that's the final"}, {"start": "00:03:45", "end": "00:03:48", "text": "nail in the coffin, right? You don't"}, {"start": "00:03:46", "end": "00:03:50", "text": "need any more confirmation than that."}, {"start": "00:03:48", "end": "00:03:54", "text": "You didn't even need that if you wanted"}, {"start": "00:03:50", "end": "00:03:55", "text": "to defer just simply to the ROI from the"}, {"start": "00:03:54", "end": "00:03:58", "text": "low, right? Like if you look at the ROI"}, {"start": "00:03:55", "end": "00:04:01", "text": "from the low for Bitcoin, you'll see"}, {"start": "00:03:58", "end": "00:04:03", "text": "that it topped this past cycle on day"}, {"start": "00:04:01", "end": "00:04:05", "text": "1,062."}, {"start": "00:04:03", "end": "00:04:08", "text": "The cycle before that topped on day"}, {"start": "00:04:05", "end": "00:04:11", "text": "1,59. The cycle before that topped on"}, {"start": "00:04:08", "end": "00:04:13", "text": "day 168. So to within a week, Bitcoin"}, {"start": "00:04:11", "end": "00:04:15", "text": "ended up topping. And now I've suggested"}, {"start": "00:04:13", "end": "00:04:17", "text": "that to within a similar time frame,"}, {"start": "00:04:15", "end": "00:04:20", "text": "Bitcoin could end up bottoming, which"}, {"start": "00:04:17", "end": "00:04:22", "text": "would put it like really late September"}, {"start": "00:04:20", "end": "00:04:25", "text": "or early October. That is when the"}, {"start": "00:04:22", "end": "00:04:28", "text": "window would be. Now, I suggested that"}, {"start": "00:04:25", "end": "00:04:30", "text": "about eight months ago, and every time"}, {"start": "00:04:28", "end": "00:04:32", "text": "we've had a counter trend rally, of"}, {"start": "00:04:30", "end": "00:04:33", "text": "course, people like to make fun of that,"}, {"start": "00:04:32", "end": "00:04:34", "text": "right? They're like, well, you know, if"}, {"start": "00:04:33", "end": "00:04:35", "text": "you're waiting for that, you missed out."}, {"start": "00:04:34", "end": "00:04:39", "text": "And then eventually, Bitcoin just went"}, {"start": "00:04:35", "end": "00:04:40", "text": "lower. But what I said was ignore"}, {"start": "00:04:39", "end": "00:04:42", "text": "Bitcoin for the first half of midterm"}, {"start": "00:04:40", "end": "00:04:44", "text": "years because it's going to bleed"}, {"start": "00:04:42", "end": "00:04:46", "text": "against basically everything else,"}, {"start": "00:04:44", "end": "00:04:47", "text": "right? And we can verify that. I mean,"}, {"start": "00:04:46", "end": "00:04:51", "text": "you can look at the valuation against"}, {"start": "00:04:47", "end": "00:04:52", "text": "Bitcoin of Bitcoin against say gold and"}, {"start": "00:04:51", "end": "00:04:54", "text": "look at let's look at at six-month"}, {"start": "00:04:52", "end": "00:04:56", "text": "candles. If you look at six-month"}, {"start": "00:04:54", "end": "00:04:58", "text": "candles, did Bitcoin go down against"}, {"start": "00:04:56", "end": "00:05:01", "text": "gold in the first half of the midterm"}, {"start": "00:04:58", "end": "00:05:03", "text": "year? Yes, it did. It dropped about 28%."}, {"start": "00:05:01", "end": "00:05:06", "text": "Did Bitcoin go down against the S&P in"}, {"start": "00:05:03", "end": "00:05:08", "text": "the first half of the midterm year? Yes,"}, {"start": "00:05:06", "end": "00:05:11", "text": "it dropped about 39%."}, {"start": "00:05:08", "end": "00:05:13", "text": "Bitcoin also dropped against the energy"}, {"start": "00:05:11", "end": "00:05:16", "text": "market in the first half of the year. It"}, {"start": "00:05:13", "end": "00:05:19", "text": "dropped about 44%."}, {"start": "00:05:16", "end": "00:05:23", "text": "Even silver, which had a big pullback,"}, {"start": "00:05:19", "end": "00:05:27", "text": "Bitcoin still dropped 18% against in the"}, {"start": "00:05:23", "end": "00:05:32", "text": "first half of the midterm year. So, we"}, {"start": "00:05:27", "end": "00:05:34", "text": "talked about simply ignoring Bitcoin as"}, {"start": "00:05:32", "end": "00:05:36", "text": "an investment for the first half of"}, {"start": "00:05:34", "end": "00:05:37", "text": "midterm years because it's basically"}, {"start": "00:05:36", "end": "00:05:40", "text": "just going to bleed against everything"}, {"start": "00:05:37", "end": "00:05:43", "text": "else in the other asset classes like the"}, {"start": "00:05:40", "end": "00:05:47", "text": "the major the major things. You could"}, {"start": "00:05:43", "end": "00:05:50", "text": "even take an example like Microsoft"}, {"start": "00:05:47", "end": "00:05:52", "text": "which actually had a really bad first"}, {"start": "00:05:50", "end": "00:05:55", "text": "half of the year."}, {"start": "00:05:52", "end": "00:05:56", "text": "You can see it dropped 22% in the 20"}, {"start": "00:05:55", "end": "00:06:02", "text": "almost 23% in the first half of the"}, {"start": "00:05:56", "end": "00:06:05", "text": "midterm year. And note that Bitcoin also"}, {"start": "00:06:02", "end": "00:06:08", "text": "underperformed that as well. Sorry, let"}, {"start": "00:06:05", "end": "00:06:10", "text": "me pull this up."}, {"start": "00:06:08", "end": "00:06:11", "text": "Having"}, {"start": "00:06:10", "end": "00:06:13", "text": "trouble getting it to load, but let's"}, {"start": "00:06:11", "end": "00:06:16", "text": "see if I can get it here. So, here you"}, {"start": "00:06:13", "end": "00:06:19", "text": "can see Bitcoin. Let's load it again."}, {"start": "00:06:16", "end": "00:06:21", "text": "Bitcoin divided by Microsoft. And we're"}, {"start": "00:06:19", "end": "00:06:22", "text": "going to switch back to six-month"}, {"start": "00:06:21", "end": "00:06:25", "text": "candles. You can see what I'm talking"}, {"start": "00:06:22", "end": "00:06:28", "text": "about. You can see how Bitcoin dropped"}, {"start": "00:06:25", "end": "00:06:32", "text": "against Microsoft 13% even though"}, {"start": "00:06:28", "end": "00:06:34", "text": "Microsoft also dropped. So, Bitcoin just"}, {"start": "00:06:32", "end": "00:06:37", "text": "doesn't do that well in the first half"}, {"start": "00:06:34", "end": "00:06:41", "text": "and midterm years. And to put the cherry"}, {"start": "00:06:37", "end": "00:06:43", "text": "on top, the actual low that Bitcoin had"}, {"start": "00:06:41", "end": "00:06:48", "text": "that it that it just formed, the actual"}, {"start": "00:06:43", "end": "00:06:51", "text": "low occurred on July 1st,"}, {"start": "00:06:48", "end": "00:06:52", "text": "thus proving there really wasn't a great"}, {"start": "00:06:51", "end": "00:06:54", "text": "reason to be all that interested in"}, {"start": "00:06:52", "end": "00:06:57", "text": "Bitcoin in the first half of the midterm"}, {"start": "00:06:54", "end": "00:07:00", "text": "year. You could have ignored it all year"}, {"start": "00:06:57", "end": "00:07:01", "text": "long, bought some on July 1st in the"}, {"start": "00:07:00", "end": "00:07:04", "text": "second half, and you would have"}, {"start": "00:07:01", "end": "00:07:07", "text": "outperformed everyone else who decided"}, {"start": "00:07:04", "end": "00:07:09", "text": "that the four-year cycle was a meme and"}, {"start": "00:07:07", "end": "00:07:11", "text": "and and that they wanted to be they"}, {"start": "00:07:09", "end": "00:07:12", "text": "wanted to outsmart it because they"}, {"start": "00:07:11", "end": "00:07:15", "text": "thought that the market couldn't be so"}, {"start": "00:07:12", "end": "00:07:20", "text": "simple. I've been there before, right?"}, {"start": "00:07:15", "end": "00:07:22", "text": "Like I mean, I markets can often be way"}, {"start": "00:07:20", "end": "00:07:25", "text": "more simplistic than we make them out to"}, {"start": "00:07:22", "end": "00:07:28", "text": "be. And I I understand like the desire"}, {"start": "00:07:25", "end": "00:07:31", "text": "to for people to to to sort of mock"}, {"start": "00:07:28", "end": "00:07:34", "text": "those that that just sort of went along"}, {"start": "00:07:31", "end": "00:07:36", "text": "with it, but the reality is is what what"}, {"start": "00:07:34", "end": "00:07:39", "text": "other indicators"}, {"start": "00:07:36", "end": "00:07:42", "text": "have we had this bare market that were"}, {"start": "00:07:39", "end": "00:07:46", "text": "better than just looking at the cyclical"}, {"start": "00:07:42", "end": "00:07:48", "text": "nature. If you look at Bitcoin in 2026"}, {"start": "00:07:46", "end": "00:07:52", "text": "and compare it to say 2018, which is one"}, {"start": "00:07:48", "end": "00:07:54", "text": "we've compared it to a lot, the lows"}, {"start": "00:07:52", "end": "00:07:57", "text": "line up. Even the lower high in May"}, {"start": "00:07:54", "end": "00:08:00", "text": "lines up. The the drop into late June,"}, {"start": "00:07:57", "end": "00:08:03", "text": "early July lines up. Even this little"}, {"start": "00:08:00", "end": "00:08:05", "text": "counter trend rally we're in right now"}, {"start": "00:08:03", "end": "00:08:07", "text": "lines up. And even this little secondary"}, {"start": "00:08:05", "end": "00:08:09", "text": "pop kind of lines up. We ended up"}, {"start": "00:08:07", "end": "00:08:12", "text": "getting one more slight dip into mid"}, {"start": "00:08:09", "end": "00:08:14", "text": "July and then we got a larger move up to"}, {"start": "00:08:12", "end": "00:08:15", "text": "near the 200 day moving average back"}, {"start": "00:08:14", "end": "00:08:17", "text": "then."}, {"start": "00:08:15", "end": "00:08:20", "text": "If you look at at how it played out in"}, {"start": "00:08:17", "end": "00:08:22", "text": "2018, we had our first rally to the 200"}, {"start": "00:08:20", "end": "00:08:27", "text": "day moving average in May and then we"}, {"start": "00:08:22", "end": "00:08:27", "text": "had another one in late July."}, {"start": "00:08:27", "end": "00:08:30", "text": "Doesn't mean we have to go all the way"}, {"start": "00:08:28", "end": "00:08:33", "text": "up there, but what you'll see is that"}, {"start": "00:08:30", "end": "00:08:36", "text": "the lows form around the same time. In"}, {"start": "00:08:33", "end": "00:08:38", "text": "fact, in the same way that Bitcoin swept"}, {"start": "00:08:36", "end": "00:08:41", "text": "the low"}, {"start": "00:08:38", "end": "00:08:42", "text": "in 2018, look at look at I mean, it's"}, {"start": "00:08:41", "end": "00:08:43", "text": "kind of crazy. And I know more people"}, {"start": "00:08:42", "end": "00:08:45", "text": "are getting on the bandwagon now, but we"}, {"start": "00:08:43", "end": "00:08:49", "text": "pointed this out like half a year ago."}, {"start": "00:08:45", "end": "00:08:51", "text": "You see the February low here. In 2018,"}, {"start": "00:08:49", "end": "00:08:54", "text": "we swept the February low in late June,"}, {"start": "00:08:51", "end": "00:08:56", "text": "early July. The same thing happened in"}, {"start": "00:08:54", "end": "00:08:59", "text": "2026. We had a February low and then we"}, {"start": "00:08:56", "end": "00:09:02", "text": "swept it in the summer."}, {"start": "00:08:59", "end": "00:09:04", "text": "And what I've said is that Bitcoin is"}, {"start": "00:09:02", "end": "00:09:05", "text": "getting squeezed."}, {"start": "00:09:04", "end": "00:09:08", "text": "You could call it between say the 200"}, {"start": "00:09:05", "end": "00:09:10", "text": "day and the 200 week."}, {"start": "00:09:08", "end": "00:09:13", "text": "If you look at it on the weekly time"}, {"start": "00:09:10", "end": "00:09:15", "text": "frame, you can say, okay, the 200WE"}, {"start": "00:09:13", "end": "00:09:18", "text": "moving average is sort of it's trying to"}, {"start": "00:09:15", "end": "00:09:19", "text": "hold as support, but to the downside,"}, {"start": "00:09:18", "end": "00:09:20", "text": "it's getting dropped. It's getting sort"}, {"start": "00:09:19", "end": "00:09:21", "text": "of pushed down by the bull market"}, {"start": "00:09:20", "end": "00:09:24", "text": "support band or in this case, the bare"}, {"start": "00:09:21", "end": "00:09:26", "text": "market resistance band. So, it's trying"}, {"start": "00:09:24", "end": "00:09:28", "text": "to go above it and getting and not able"}, {"start": "00:09:26", "end": "00:09:30", "text": "to break out. it's trying to go below it"}, {"start": "00:09:28", "end": "00:09:34", "text": "and not able to break down. So, what's"}, {"start": "00:09:30", "end": "00:09:37", "text": "happening is Bitcoin is sort of like"}, {"start": "00:09:34", "end": "00:09:39", "text": "going back and forth between these two"}, {"start": "00:09:37", "end": "00:09:40", "text": "levels"}, {"start": "00:09:39", "end": "00:09:43", "text": "and then we'll likely get some type of"}, {"start": "00:09:40", "end": "00:09:48", "text": "resolution in the fourth quarter of the"}, {"start": "00:09:43", "end": "00:09:51", "text": "year. Now, in 2018, the resolution was"}, {"start": "00:09:48", "end": "00:09:54", "text": "that it broke down."}, {"start": "00:09:51", "end": "00:09:57", "text": "Now, I'm not here to say that it has to,"}, {"start": "00:09:54", "end": "00:10:00", "text": "but what I am here to say is that"}, {"start": "00:09:57", "end": "00:10:02", "text": "in order to fully reset all of the"}, {"start": "00:10:00", "end": "00:10:04", "text": "onchain indicators, some of them have"}, {"start": "00:10:02", "end": "00:10:07", "text": "already been reset, but in order to"}, {"start": "00:10:04", "end": "00:10:08", "text": "fully in order to fully reset all of"}, {"start": "00:10:07", "end": "00:10:12", "text": "them,"}, {"start": "00:10:08", "end": "00:10:16", "text": "Bitcoin's price would go a little bit"}, {"start": "00:10:12", "end": "00:10:18", "text": "lower. For instance, if you were to look"}, {"start": "00:10:16", "end": "00:10:20", "text": "at some of the other indicators, right,"}, {"start": "00:10:18", "end": "00:10:21", "text": "before we get into specific indicators,"}, {"start": "00:10:20", "end": "00:10:23", "text": "because I'm already on the chart, let's"}, {"start": "00:10:21", "end": "00:10:25", "text": "look at Bitcoin in 2026 compared to the"}, {"start": "00:10:23", "end": "00:10:27", "text": "average of prior midterm years and"}, {"start": "00:10:25", "end": "00:10:29", "text": "overlay one standard deviation to that"}, {"start": "00:10:27", "end": "00:10:31", "text": "average. And you can see like this is"}, {"start": "00:10:29", "end": "00:10:34", "text": "off the the window that we're in right"}, {"start": "00:10:31", "end": "00:10:35", "text": "now is sort of like a mild brief window"}, {"start": "00:10:34", "end": "00:10:37", "text": "of strength. It doesn't go you wouldn't"}, {"start": "00:10:35", "end": "00:10:39", "text": "expect Bitcoin to go up that much, but"}, {"start": "00:10:37", "end": "00:10:41", "text": "it does tend to go up for a little bit"}, {"start": "00:10:39", "end": "00:10:43", "text": "in July before then going further down"}, {"start": "00:10:41", "end": "00:10:45", "text": "in August, September, October."}, {"start": "00:10:43", "end": "00:10:48", "text": "So this is still playing out like like"}, {"start": "00:10:45", "end": "00:10:50", "text": "normal. But if you wanted to look at at"}, {"start": "00:10:48", "end": "00:10:52", "text": "some of the individual indicators,"}, {"start": "00:10:50", "end": "00:10:54", "text": "right, you could look at like the uh the"}, {"start": "00:10:52", "end": "00:10:56", "text": "MVRV Zcore, for example, and see that in"}, {"start": "00:10:54", "end": "00:10:58", "text": "order for it to fully reset"}, {"start": "00:10:56", "end": "00:11:00", "text": "historically, it does go below zero. And"}, {"start": "00:10:58", "end": "00:11:03", "text": "if you look at, you know, if you look at"}, {"start": "00:11:00", "end": "00:11:05", "text": "this, you can pretty clearly see that we"}, {"start": "00:11:03", "end": "00:11:07", "text": "haven't made it there yet. Now, that's"}, {"start": "00:11:05", "end": "00:11:09", "text": "no guarantee that we will, but maybe"}, {"start": "00:11:07", "end": "00:11:11", "text": "this time isn't different and it is"}, {"start": "00:11:09", "end": "00:11:13", "text": "simply going to play out and it just"}, {"start": "00:11:11", "end": "00:11:16", "text": "hasn't played out yet. If you look at,"}, {"start": "00:11:13", "end": "00:11:17", "text": "say, the realized price, the realized"}, {"start": "00:11:16", "end": "00:11:19", "text": "price is something that Bitcoin"}, {"start": "00:11:17", "end": "00:11:20", "text": "historically goes below and you can see"}, {"start": "00:11:19", "end": "00:11:22", "text": "that it has gone below it every prior"}, {"start": "00:11:20", "end": "00:11:24", "text": "midterm year. Even in the 2019 2020"}, {"start": "00:11:22", "end": "00:11:26", "text": "example, you can see we eventually went"}, {"start": "00:11:24", "end": "00:11:28", "text": "below it. And so, the argument is is"}, {"start": "00:11:26", "end": "00:11:30", "text": "like we will likely go below it again."}, {"start": "00:11:28", "end": "00:11:32", "text": "And that's currently at around, you"}, {"start": "00:11:30", "end": "00:11:34", "text": "know, 53K. The balance price is a lot"}, {"start": "00:11:32", "end": "00:11:36", "text": "lower. that's down at around 38K."}, {"start": "00:11:34", "end": "00:11:39", "text": "Historically, we've gone below that as"}, {"start": "00:11:36", "end": "00:11:43", "text": "well. That might be a little greedy, but"}, {"start": "00:11:39", "end": "00:11:45", "text": "look, if if the stars align and and the"}, {"start": "00:11:43", "end": "00:11:47", "text": "fear overtakes everyone later this year,"}, {"start": "00:11:45", "end": "00:11:49", "text": "I don't know what the narrative will be."}, {"start": "00:11:47", "end": "00:11:51", "text": "Um, it could be a thousand different"}, {"start": "00:11:49", "end": "00:11:52", "text": "things, but normally the things that"}, {"start": "00:11:51", "end": "00:11:55", "text": "people are thinking about now, it's not"}, {"start": "00:11:52", "end": "00:11:57", "text": "likely that whatever it is, if Bitcoin"}, {"start": "00:11:55", "end": "00:11:58", "text": "were to drop to that level, it would"}, {"start": "00:11:57", "end": "00:12:00", "text": "actually be very similar to how it"}, {"start": "00:11:58", "end": "00:12:02", "text": "played out in 2018 and how it played out"}, {"start": "00:12:00", "end": "00:12:05", "text": "in 2019, where you found support at"}, {"start": "00:12:02", "end": "00:12:07", "text": "around 6K and then you had your final"}, {"start": "00:12:05", "end": "00:12:09", "text": "drop."}, {"start": "00:12:07", "end": "00:12:11", "text": "And have have any of you guys noticed"}, {"start": "00:12:09", "end": "00:12:13", "text": "like how uninteresting the market is"}, {"start": "00:12:11", "end": "00:12:15", "text": "right now? Like how you probably just"}, {"start": "00:12:13", "end": "00:12:17", "text": "don't really care? I'd like to say"}, {"start": "00:12:15", "end": "00:12:20", "text": "there's dozens of us left. Like a lot of"}, {"start": "00:12:17", "end": "00:12:22", "text": "people just simply do not care. It's"}, {"start": "00:12:20", "end": "00:12:23", "text": "there's this complacency. It's"}, {"start": "00:12:22", "end": "00:12:27", "text": "apathetic. It's apathy, right? There's"}, {"start": "00:12:23", "end": "00:12:30", "text": "just a there's apathy that exists where"}, {"start": "00:12:27", "end": "00:12:32", "text": "we people just don't care anymore. Like"}, {"start": "00:12:30", "end": "00:12:35", "text": "I know there's a few gurus on Twitter"}, {"start": "00:12:32", "end": "00:12:36", "text": "that would have a field day if Bitcoin"}, {"start": "00:12:35", "end": "00:12:38", "text": "were to go back to 70K, but even if it"}, {"start": "00:12:36", "end": "00:12:40", "text": "does that, it's still below the 200 day"}, {"start": "00:12:38", "end": "00:12:42", "text": "moving average. And they might care and"}, {"start": "00:12:40", "end": "00:12:43", "text": "they'll probably use that to then say"}, {"start": "00:12:42", "end": "00:12:44", "text": "that they were right, even though"}, {"start": "00:12:43", "end": "00:12:48", "text": "they've been dead wrong for eight"}, {"start": "00:12:44", "end": "00:12:50", "text": "months. But the point is is"}, {"start": "00:12:48", "end": "00:12:53", "text": "most people wouldn't care if Bitcoin"}, {"start": "00:12:50", "end": "00:12:55", "text": "were to go to 70K or even 80K. Are"}, {"start": "00:12:53", "end": "00:12:58", "text": "people really going to come back even if"}, {"start": "00:12:55", "end": "00:13:02", "text": "it goes to 90? I mean, Bitcoin just"}, {"start": "00:12:58", "end": "00:13:05", "text": "spent, you know, a year basically above"}, {"start": "00:13:02", "end": "00:13:08", "text": "the current levels and we still couldn't"}, {"start": "00:13:05", "end": "00:13:11", "text": "attract retail interest into the space."}, {"start": "00:13:08", "end": "00:13:13", "text": "If you look at the social interest that"}, {"start": "00:13:11", "end": "00:13:17", "text": "I we've been tracking here for like many"}, {"start": "00:13:13", "end": "00:13:19", "text": "many years, it's been trending down."}, {"start": "00:13:17", "end": "00:13:21", "text": "Now, that is not in my best interest,"}, {"start": "00:13:19", "end": "00:13:23", "text": "right? I mean, like, and I I tell you"}, {"start": "00:13:21", "end": "00:13:25", "text": "this not because I want it to be this"}, {"start": "00:13:23", "end": "00:13:29", "text": "way, but because I feel like it is my"}, {"start": "00:13:25", "end": "00:13:32", "text": "duty to tell you the truth."}, {"start": "00:13:29", "end": "00:13:34", "text": "People spent years trying to convince"}, {"start": "00:13:32", "end": "00:13:41", "text": "you that all these false narratives were"}, {"start": "00:13:34", "end": "00:13:45", "text": "the truth, but time reveals the truth."}, {"start": "00:13:41", "end": "00:13:48", "text": "Now, the gurus can sit around and do"}, {"start": "00:13:45", "end": "00:13:49", "text": "what they do best, call for alt season,"}, {"start": "00:13:48", "end": "00:13:53", "text": "shill the altcoins they've shilled for"}, {"start": "00:13:49", "end": "00:13:57", "text": "the last five or six years and and chalk"}, {"start": "00:13:53", "end": "00:14:00", "text": "it up to being quote unquote, you know,"}, {"start": "00:13:57", "end": "00:14:02", "text": "what they think is based on the data."}, {"start": "00:14:00", "end": "00:14:04", "text": "But the reality is is they've been wrong"}, {"start": "00:14:02", "end": "00:14:07", "text": "for years. And and I've said this"}, {"start": "00:14:04", "end": "00:14:08", "text": "before, there's a lot of good guys out"}, {"start": "00:14:07", "end": "00:14:12", "text": "there, but they don't understand like"}, {"start": "00:14:08", "end": "00:14:15", "text": "what's going on in the markets. And one"}, {"start": "00:14:12", "end": "00:14:17", "text": "of the ways to think about it is the the"}, {"start": "00:14:15", "end": "00:14:19", "text": "pathway to hell is paved with good"}, {"start": "00:14:17", "end": "00:14:23", "text": "intentions. Someone can have good"}, {"start": "00:14:19", "end": "00:14:25", "text": "intentions on say promoting an altcoin"}, {"start": "00:14:23", "end": "00:14:28", "text": "and and and shilling something because"}, {"start": "00:14:25", "end": "00:14:31", "text": "they truly think it's going to do well,"}, {"start": "00:14:28", "end": "00:14:33", "text": "but that doesn't mean it's going to,"}, {"start": "00:14:31", "end": "00:14:35", "text": "right? That perhaps they're missing"}, {"start": "00:14:33", "end": "00:14:37", "text": "something. Maybe they're in a bubble and"}, {"start": "00:14:35", "end": "00:14:40", "text": "they don't recognize that no one else is"}, {"start": "00:14:37", "end": "00:14:42", "text": "actually using that product. So there's"}, {"start": "00:14:40", "end": "00:14:45", "text": "a lot of people with good intentions who"}, {"start": "00:14:42", "end": "00:14:47", "text": "are good people who who have been"}, {"start": "00:14:45", "end": "00:14:50", "text": "completely wrong about the markets for"}, {"start": "00:14:47", "end": "00:14:53", "text": "years and I've been wrong at points and"}, {"start": "00:14:50", "end": "00:14:55", "text": "I try to own those mistakes, right? I"}, {"start": "00:14:53", "end": "00:14:57", "text": "mean I was got some pretty bad stuff"}, {"start": "00:14:55", "end": "00:15:01", "text": "wrong in 2023"}, {"start": "00:14:57", "end": "00:15:02", "text": "um in 2022. It took me until February to"}, {"start": "00:15:01", "end": "00:15:05", "text": "kind of admit we were in a bare market."}, {"start": "00:15:02", "end": "00:15:07", "text": "Like I'm not perfect. I get things"}, {"start": "00:15:05", "end": "00:15:08", "text": "wrong. But the thing that people make"}, {"start": "00:15:07", "end": "00:15:10", "text": "the mistake of doing is when they are"}, {"start": "00:15:08", "end": "00:15:12", "text": "wrong, they don't admit it. And I think"}, {"start": "00:15:10", "end": "00:15:14", "text": "that's the hard part is you have to"}, {"start": "00:15:12", "end": "00:15:15", "text": "admit when you're wrong. Because if you"}, {"start": "00:15:14", "end": "00:15:16", "text": "don't admit when you're wrong, then"}, {"start": "00:15:15", "end": "00:15:18", "text": "you're just doomed to make the same"}, {"start": "00:15:16", "end": "00:15:20", "text": "mistake. You're doomed to just tell your"}, {"start": "00:15:18", "end": "00:15:23", "text": "audience the same thing over and over"}, {"start": "00:15:20", "end": "00:15:27", "text": "and over again because the the"}, {"start": "00:15:23", "end": "00:15:30", "text": "alternative to say the words I am wrong"}, {"start": "00:15:27", "end": "00:15:31", "text": "are so incomprehensible that that's not"}, {"start": "00:15:30", "end": "00:15:33", "text": "something that would ever actually be"}, {"start": "00:15:31", "end": "00:15:36", "text": "considered. And so they just kind of dig"}, {"start": "00:15:33", "end": "00:15:38", "text": "themselves further into these narratives"}, {"start": "00:15:36", "end": "00:15:40", "text": "rather than"}, {"start": "00:15:38", "end": "00:15:43", "text": "look at the chart for what it is and"}, {"start": "00:15:40", "end": "00:15:46", "text": "say, \"Look guys, I was wrong and and I"}, {"start": "00:15:43", "end": "00:15:48", "text": "have to move on.\" And when I get things"}, {"start": "00:15:46", "end": "00:15:50", "text": "wrong, you should call me out. And and"}, {"start": "00:15:48", "end": "00:15:52", "text": "you have, right? You have. And and I've"}, {"start": "00:15:50", "end": "00:15:54", "text": "had to swallow my pride a few times. And"}, {"start": "00:15:52", "end": "00:15:56", "text": "it's it's tough. Like it's tough. Like I"}, {"start": "00:15:54", "end": "00:15:59", "text": "don't I don't like doing it, but if I"}, {"start": "00:15:56", "end": "00:16:01", "text": "hide behind it,"}, {"start": "00:15:59", "end": "00:16:03", "text": "then you're not going to I won't learn."}, {"start": "00:16:01", "end": "00:16:05", "text": "I won't learn from the mistakes that"}, {"start": "00:16:03", "end": "00:16:08", "text": "I've made. So, we all get things wrong."}, {"start": "00:16:05", "end": "00:16:10", "text": "No one is perfect. These are not digs at"}, {"start": "00:16:08", "end": "00:16:12", "text": "anyone. In fact, I'm I I could be"}, {"start": "00:16:10", "end": "00:16:15", "text": "talking mostly to my former self and"}, {"start": "00:16:12", "end": "00:16:16", "text": "saying, \"Look, this used to be how I was"}, {"start": "00:16:15", "end": "00:16:19", "text": "and then I figured out I needed to"}, {"start": "00:16:16", "end": "00:16:21", "text": "change and then once I did, I feel like"}, {"start": "00:16:19", "end": "00:16:22", "text": "it it made me a better investor, but I'm"}, {"start": "00:16:21", "end": "00:16:24", "text": "not perfect and I will still make"}, {"start": "00:16:22", "end": "00:16:25", "text": "mistakes.\" If you look at the social"}, {"start": "00:16:24", "end": "00:16:28", "text": "interest, like I mean, it's just simply"}, {"start": "00:16:25", "end": "00:16:30", "text": "been trending down for years. Since May"}, {"start": "00:16:28", "end": "00:16:35", "text": "of 2021, it's been trending down. And if"}, {"start": "00:16:30", "end": "00:16:37", "text": "you look at at YouTube views to various"}, {"start": "00:16:35", "end": "00:16:39", "text": "crypto YouTube channels, you can see"}, {"start": "00:16:37", "end": "00:16:42", "text": "that they're averaging around 400,000"}, {"start": "00:16:39", "end": "00:16:43", "text": "views a day. Now, that might sound like"}, {"start": "00:16:42", "end": "00:16:45", "text": "a lot when you look at all these"}, {"start": "00:16:43", "end": "00:16:47", "text": "channels, but again, comparing it to"}, {"start": "00:16:45", "end": "00:16:50", "text": "what it was back in 2021, they were"}, {"start": "00:16:47", "end": "00:16:53", "text": "averaging an order of magnitude more, 3"}, {"start": "00:16:50", "end": "00:16:55", "text": "to four million views per day. So,"}, {"start": "00:16:53", "end": "00:16:59", "text": "you're talking about an order of"}, {"start": "00:16:55", "end": "00:17:01", "text": "magnitude less. Now, when you look at"}, {"start": "00:16:59", "end": "00:17:04", "text": "something like the advanced decline"}, {"start": "00:17:01", "end": "00:17:06", "text": "index of the top 100 cryptocurrencies,"}, {"start": "00:17:04", "end": "00:17:08", "text": "it's been dropping like a rock for"}, {"start": "00:17:06", "end": "00:17:10", "text": "years."}, {"start": "00:17:08", "end": "00:17:12", "text": "The money supply hasn't saved the"}, {"start": "00:17:10", "end": "00:17:15", "text": "altcoin market."}, {"start": "00:17:12", "end": "00:17:17", "text": "QT ending didn't save the altcoin"}, {"start": "00:17:15", "end": "00:17:21", "text": "market."}, {"start": "00:17:17", "end": "00:17:23", "text": "The ISM, PMI stuff, that didn't save the"}, {"start": "00:17:21", "end": "00:17:26", "text": "altcoin market. The hype around the"}, {"start": "00:17:23", "end": "00:17:28", "text": "Clarity Act didn't save it. None of that"}, {"start": "00:17:26", "end": "00:17:32", "text": "stuff did. But those have been the"}, {"start": "00:17:28", "end": "00:17:34", "text": "prevailing narratives for years, right?"}, {"start": "00:17:32", "end": "00:17:36", "text": "And so the argument is that there's only"}, {"start": "00:17:34", "end": "00:17:39", "text": "so long that people can kind of run with"}, {"start": "00:17:36", "end": "00:17:41", "text": "those narratives before there's like,"}, {"start": "00:17:39", "end": "00:17:44", "text": "all right, what's going on? Like why is"}, {"start": "00:17:41", "end": "00:17:47", "text": "it not following that stuff? And the"}, {"start": "00:17:44", "end": "00:17:52", "text": "reason why the crypto market is not"}, {"start": "00:17:47", "end": "00:17:52", "text": "following that stuff is because 99.9999%"}, {"start": "00:17:52", "end": "00:17:57", "text": "of the crypto market has no business"}, {"start": "00:17:54", "end": "00:17:59", "text": "having any value to begin with. Right?"}, {"start": "00:17:57", "end": "00:18:02", "text": "That's the honest truth. That doesn't"}, {"start": "00:17:59", "end": "00:18:04", "text": "mean there's no value. It just means"}, {"start": "00:18:02", "end": "00:18:06", "text": "that when you look back at what the"}, {"start": "00:18:04", "end": "00:18:09", "text": "asset class actually accomplished in the"}, {"start": "00:18:06", "end": "00:18:13", "text": "last cycle, the main accomplishments"}, {"start": "00:18:09", "end": "00:18:17", "text": "were the ETFs and the strategic Bitcoin"}, {"start": "00:18:13", "end": "00:18:19", "text": "reserve, right? And and the memecoin"}, {"start": "00:18:17", "end": "00:18:22", "text": "stuff, right? Like the all the memecoin"}, {"start": "00:18:19", "end": "00:18:26", "text": "launchpads, which is hardly a success,"}, {"start": "00:18:22", "end": "00:18:29", "text": "but that is what was rewarded."}, {"start": "00:18:26", "end": "00:18:31", "text": "So if the main thing that is rewarded in"}, {"start": "00:18:29", "end": "00:18:33", "text": "an asset class is just figuring out"}, {"start": "00:18:31", "end": "00:18:36", "text": "on-ramps to get more people into the"}, {"start": "00:18:33", "end": "00:18:37", "text": "market, then the fundamentals could"}, {"start": "00:18:36", "end": "00:18:39", "text": "start to break down because then people"}, {"start": "00:18:37", "end": "00:18:41", "text": "are not actually focused on what they"}, {"start": "00:18:39", "end": "00:18:44", "text": "should be focused on. They're just"}, {"start": "00:18:41", "end": "00:18:46", "text": "focused on how can they sell the bag of"}, {"start": "00:18:44", "end": "00:18:48", "text": "what they bought to the next person. And"}, {"start": "00:18:46", "end": "00:18:51", "text": "the way they do that is by hyping up"}, {"start": "00:18:48", "end": "00:18:53", "text": "strategic reserves and ETFs and"}, {"start": "00:18:51", "end": "00:18:55", "text": "memecoins, right? You just get people to"}, {"start": "00:18:53", "end": "00:18:58", "text": "go buy the stuff that you bought. you"}, {"start": "00:18:55", "end": "00:19:01", "text": "sell it and then you say like later."}, {"start": "00:18:58", "end": "00:19:04", "text": "When you focus on that as an industry"}, {"start": "00:19:01", "end": "00:19:06", "text": "for many many years,"}, {"start": "00:19:04", "end": "00:19:09", "text": "you have an example like what you see"}, {"start": "00:19:06", "end": "00:19:11", "text": "now where the advanced decline index of"}, {"start": "00:19:09", "end": "00:19:15", "text": "the top 100 has just been melting down"}, {"start": "00:19:11", "end": "00:19:18", "text": "for 5 years where most cryptocurrencies"}, {"start": "00:19:15", "end": "00:19:21", "text": "just keep going lower because they have"}, {"start": "00:19:18", "end": "00:19:23", "text": "no intrinsic value. You can put a cute"}, {"start": "00:19:21", "end": "00:19:25", "text": "memecoin or you can put you can put a"}, {"start": "00:19:23", "end": "00:19:27", "text": "cute mascot on a memecoin and say that"}, {"start": "00:19:25", "end": "00:19:29", "text": "it's a great investment and talk about"}, {"start": "00:19:27", "end": "00:19:33", "text": "the great community,"}, {"start": "00:19:29", "end": "00:19:35", "text": "but time reveals the truth."}, {"start": "00:19:33", "end": "00:19:37", "text": "So, I think that is is kind of the hard"}, {"start": "00:19:35", "end": "00:19:40", "text": "lesson that a lot of people are are"}, {"start": "00:19:37", "end": "00:19:42", "text": "facing right now is that this is the"}, {"start": "00:19:40", "end": "00:19:44", "text": "first cycle where at the end of the"}, {"start": "00:19:42", "end": "00:19:46", "text": "four-year cycle, there was no rotation"}, {"start": "00:19:44", "end": "00:19:49", "text": "into the higher risk investments that"}, {"start": "00:19:46", "end": "00:19:51", "text": "were pedled for the years before it. And"}, {"start": "00:19:49", "end": "00:19:53", "text": "so what people have done is rather than"}, {"start": "00:19:51", "end": "00:19:55", "text": "be like, \"All right, yeah, that was the"}, {"start": "00:19:53", "end": "00:19:57", "text": "wrong view,\" they've then sort of"}, {"start": "00:19:55", "end": "00:19:59", "text": "changed it and now they're trying to"}, {"start": "00:19:57", "end": "00:20:02", "text": "like, you know, convince you that it's"}, {"start": "00:19:59", "end": "00:20:04", "text": "still playing out even though a lot of"}, {"start": "00:20:02", "end": "00:20:06", "text": "the altcoins have completely roundted"}, {"start": "00:20:04", "end": "00:20:10", "text": "all of their gains and have gone even"}, {"start": "00:20:06", "end": "00:20:13", "text": "lower than their 2022 lows. Okay, that's"}, {"start": "00:20:10", "end": "00:20:15", "text": "the problem is that a lot of people"}, {"start": "00:20:13", "end": "00:20:18", "text": "roundtrip the bull market with the"}, {"start": "00:20:15", "end": "00:20:22", "text": "altcoins that they held."}, {"start": "00:20:18", "end": "00:20:24", "text": "So when we look at this, you can see the"}, {"start": "00:20:22", "end": "00:20:27", "text": "crypto market has been bleeding for"}, {"start": "00:20:24", "end": "00:20:31", "text": "years, right? The only reason the crypto"}, {"start": "00:20:27", "end": "00:20:33", "text": "market looks okay is because of Bitcoin,"}, {"start": "00:20:31", "end": "00:20:35", "text": "right? Like it's because of Bitcoin."}, {"start": "00:20:33", "end": "00:20:37", "text": "Most everything else has been completely"}, {"start": "00:20:35", "end": "00:20:40", "text": "annihilated. One of the reasons why"}, {"start": "00:20:37", "end": "00:20:42", "text": "Bitcoin dominance is struggling to go up"}, {"start": "00:20:40", "end": "00:20:46", "text": "a lot right now is because of stable"}, {"start": "00:20:42", "end": "00:20:49", "text": "coin dominance going up and because the"}, {"start": "00:20:46", "end": "00:20:50", "text": "altcoin market already got annihilated,"}, {"start": "00:20:49", "end": "00:20:52", "text": "right? Like if the altcoin market"}, {"start": "00:20:50", "end": "00:20:53", "text": "already got annihilated,"}, {"start": "00:20:52", "end": "00:20:54", "text": "I mean, it can still get more"}, {"start": "00:20:53", "end": "00:20:56", "text": "annihilated. As I've said before, just"}, {"start": "00:20:54", "end": "00:20:58", "text": "because it all dropped 80% doesn't mean"}, {"start": "00:20:56", "end": "00:21:00", "text": "it can't drop another 80, but that's the"}, {"start": "00:20:58", "end": "00:21:03", "text": "reason. And we've seen this before. Like"}, {"start": "00:21:00", "end": "00:21:05", "text": "we've seen a period where Bitcoin"}, {"start": "00:21:03", "end": "00:21:09", "text": "dominance struggled to go back up after"}, {"start": "00:21:05", "end": "00:21:11", "text": "a apathetic top like in 2019."}, {"start": "00:21:09", "end": "00:21:13", "text": "It's the same thing."}, {"start": "00:21:11", "end": "00:21:15", "text": "And then eventually Bitcoin dominance"}, {"start": "00:21:13", "end": "00:21:17", "text": "broke to the upside on a parabolic rally"}, {"start": "00:21:15", "end": "00:21:20", "text": "by Bitcoin."}, {"start": "00:21:17", "end": "00:21:24", "text": "So the problem for those that continue"}, {"start": "00:21:20", "end": "00:21:25", "text": "to promote alts day in and day out is"}, {"start": "00:21:24", "end": "00:21:27", "text": "that in order for them to actually start"}, {"start": "00:21:25", "end": "00:21:30", "text": "outperforming Bitcoin for just a month"}, {"start": "00:21:27", "end": "00:21:32", "text": "or two where maybe more than a month or"}, {"start": "00:21:30", "end": "00:21:34", "text": "for them to really outperform for say"}, {"start": "00:21:32", "end": "00:21:37", "text": "like four, five, six months in a row"}, {"start": "00:21:34", "end": "00:21:40", "text": "collectively, you first have to have a"}, {"start": "00:21:37", "end": "00:21:41", "text": "parabolic rally by Bitcoin where Bitcoin"}, {"start": "00:21:40", "end": "00:21:44", "text": "triggers a lot of the euphoric"}, {"start": "00:21:41", "end": "00:21:46", "text": "indicators. If you go back to the"}, {"start": "00:21:44", "end": "00:21:48", "text": "terminal price chart, you can see that"}, {"start": "00:21:46", "end": "00:21:51", "text": "we actually did not hit the terminal"}, {"start": "00:21:48", "end": "00:21:54", "text": "price this cycle. One other time that"}, {"start": "00:21:51", "end": "00:21:56", "text": "happened, 2019, and we've made the"}, {"start": "00:21:54", "end": "00:21:59", "text": "comparison between 2019 and 2025, 2024,"}, {"start": "00:21:56", "end": "00:22:02", "text": "25 for years. Three red cuts in 2025,"}, {"start": "00:21:59", "end": "00:22:05", "text": "three rate cuts in 2019. QT ended in"}, {"start": "00:22:02", "end": "00:22:07", "text": "2025 in December in in December and"}, {"start": "00:22:05", "end": "00:22:10", "text": "Bitcoin topped two months earlier in"}, {"start": "00:22:07", "end": "00:22:11", "text": "October. In 2019, QT ended in August."}, {"start": "00:22:10", "end": "00:22:13", "text": "Bitcoin topped two months earlier in"}, {"start": "00:22:11", "end": "00:22:15", "text": "June."}, {"start": "00:22:13", "end": "00:22:18", "text": "So, there's a lot of similarities"}, {"start": "00:22:15", "end": "00:22:20", "text": "between this stuff, right? In 2019, no"}, {"start": "00:22:18", "end": "00:22:22", "text": "rotation to alts. 2025, no rotation to"}, {"start": "00:22:20", "end": "00:22:25", "text": "alts."}, {"start": "00:22:22", "end": "00:22:28", "text": "We're in this phase."}, {"start": "00:22:25", "end": "00:22:30", "text": "We're in the post draw down digestion"}, {"start": "00:22:28", "end": "00:22:32", "text": "phase after the non-apathetic top or"}, {"start": "00:22:30", "end": "00:22:35", "text": "sorry, after the non-uporic top. It was"}, {"start": "00:22:32", "end": "00:22:36", "text": "an apathetic top. That's where we are."}, {"start": "00:22:35", "end": "00:22:37", "text": "The problem is that people thought it"}, {"start": "00:22:36", "end": "00:22:39", "text": "was only going to last a couple of"}, {"start": "00:22:37", "end": "00:22:40", "text": "months, but in fact it happens to align"}, {"start": "00:22:39", "end": "00:22:43", "text": "with the midterm year, which"}, {"start": "00:22:40", "end": "00:22:45", "text": "historically is a weak year. Midterm"}, {"start": "00:22:43", "end": "00:22:47", "text": "years historically are weak and normally"}, {"start": "00:22:45", "end": "00:22:49", "text": "those bare markets last about a year."}, {"start": "00:22:47", "end": "00:22:52", "text": "Now, could you argue the bare market"}, {"start": "00:22:49", "end": "00:22:55", "text": "could last shorter like 2019? Yeah, if"}, {"start": "00:22:52", "end": "00:22:57", "text": "you have pricebased capitulation,"}, {"start": "00:22:55", "end": "00:22:58", "text": "you can see the orange line over the"}, {"start": "00:22:57", "end": "00:23:00", "text": "blue, which was 201920. We haven't had"}, {"start": "00:22:58", "end": "00:23:01", "text": "that. I'm not calling for a pandemic. I"}, {"start": "00:23:00", "end": "00:23:04", "text": "don't think that's the most likely"}, {"start": "00:23:01", "end": "00:23:05", "text": "outcome. I think timebased capitulation"}, {"start": "00:23:04", "end": "00:23:07", "text": "is the most likely outcome. But in order"}, {"start": "00:23:05", "end": "00:23:09", "text": "to have that, it normally takes about a"}, {"start": "00:23:07", "end": "00:23:12", "text": "year. And when timebased capitul"}, {"start": "00:23:09", "end": "00:23:15", "text": "capitulation ends, it usually aligns"}, {"start": "00:23:12", "end": "00:23:19", "text": "with a big spike in volume, which we"}, {"start": "00:23:15", "end": "00:23:19", "text": "haven't had yet."}, {"start": "00:23:19", "end": "00:23:23", "text": "As you can see, at the end of 2018, or"}, {"start": "00:23:22", "end": "00:23:24", "text": "sorry, at the end of 2014, there was a"}, {"start": "00:23:23", "end": "00:23:26", "text": "big spike in volume that marked the end"}, {"start": "00:23:24", "end": "00:23:29", "text": "of the bare market. Same thing at the"}, {"start": "00:23:26", "end": "00:23:31", "text": "end of 2018. Same thing at the end of"}, {"start": "00:23:29", "end": "00:23:32", "text": "2022. We haven't had that yet. Now, you"}, {"start": "00:23:31", "end": "00:23:34", "text": "might say, well, because it was an"}, {"start": "00:23:32", "end": "00:23:36", "text": "apathetic top, maybe it'll be an"}, {"start": "00:23:34", "end": "00:23:38", "text": "apathetic bottom. The problem is that"}, {"start": "00:23:36", "end": "00:23:40", "text": "even in 2019, 2020, we still had a"}, {"start": "00:23:38", "end": "00:23:42", "text": "volume spike at the end. Now, yes, it"}, {"start": "00:23:40", "end": "00:23:43", "text": "was due to the pandemic, but the problem"}, {"start": "00:23:42", "end": "00:23:45", "text": "is that like there's always a reason."}, {"start": "00:23:43", "end": "00:23:47", "text": "And I don't know what the reason is this"}, {"start": "00:23:45", "end": "00:23:48", "text": "time, but whatever it is, people are"}, {"start": "00:23:47", "end": "00:23:50", "text": "probably going to be like, well, you"}, {"start": "00:23:48", "end": "00:23:52", "text": "know, you couldn't have predicted that"}, {"start": "00:23:50", "end": "00:23:54", "text": "the four-year cycle got lucky again when"}, {"start": "00:23:52", "end": "00:23:56", "text": "in reality, it's just playing out the"}, {"start": "00:23:54", "end": "00:24:00", "text": "way it always does."}, {"start": "00:23:56", "end": "00:24:02", "text": "So for for Bitcoin, yeah, like July is"}, {"start": "00:24:00", "end": "00:24:04", "text": "normally a strong month. You know, I'm"}, {"start": "00:24:02", "end": "00:24:07", "text": "not here to say that it's not. On"}, {"start": "00:24:04", "end": "00:24:09", "text": "average, the the return of Bitcoin in"}, {"start": "00:24:07", "end": "00:24:11", "text": "July in midterm years is positive,"}, {"start": "00:24:09", "end": "00:24:14", "text": "right? Like look at 2022, Bitcoin went"}, {"start": "00:24:11", "end": "00:24:16", "text": "up 20 almost 20%. 2018, it went up"}, {"start": "00:24:14", "end": "00:24:19", "text": "almost 38%. 2014, it was red but only"}, {"start": "00:24:16", "end": "00:24:21", "text": "negative 5%. So on average, Bitcoin is"}, {"start": "00:24:19", "end": "00:24:24", "text": "green in July. And a lot of times it's"}, {"start": "00:24:21", "end": "00:24:27", "text": "green in July after a red June. But"}, {"start": "00:24:24", "end": "00:24:30", "text": "guess what? In 2022, August was red and"}, {"start": "00:24:27", "end": "00:24:34", "text": "September was red. In 2018, August and"}, {"start": "00:24:30", "end": "00:24:36", "text": "September were red. In 2014, August and"}, {"start": "00:24:34", "end": "00:24:39", "text": "September were red and also October. So,"}, {"start": "00:24:36", "end": "00:24:41", "text": "the problem is that July, yeah, it's"}, {"start": "00:24:39", "end": "00:24:44", "text": "could very well be a green month. And"}, {"start": "00:24:41", "end": "00:24:46", "text": "and maybe the way it plays out is how it"}, {"start": "00:24:44", "end": "00:24:47", "text": "played out in 2018 where you get, you"}, {"start": "00:24:46", "end": "00:24:49", "text": "know, another little dip in mid July and"}, {"start": "00:24:47", "end": "00:24:51", "text": "then it goes up into late July or mid"}, {"start": "00:24:49", "end": "00:24:53", "text": "August, finds another lower high and"}, {"start": "00:24:51", "end": "00:24:56", "text": "heads back down in August, September"}, {"start": "00:24:53", "end": "00:25:00", "text": "time frame."}, {"start": "00:24:56", "end": "00:25:02", "text": "I mean, we're getting squeezed"}, {"start": "00:25:00", "end": "00:25:03", "text": "between the the 200 week and the bare"}, {"start": "00:25:02", "end": "00:25:06", "text": "market resistance band, and we've had"}, {"start": "00:25:03", "end": "00:25:08", "text": "fake outs on either side of it. Now, the"}, {"start": "00:25:06", "end": "00:25:09", "text": "problem is they're going to meet soon,"}, {"start": "00:25:08", "end": "00:25:12", "text": "and when they meet, we're going to have"}, {"start": "00:25:09", "end": "00:25:14", "text": "a resolution, and that resolution is"}, {"start": "00:25:12", "end": "00:25:17", "text": "likely going to kick off in about a"}, {"start": "00:25:14", "end": "00:25:17", "text": "month or two."}, {"start": "00:25:18", "end": "00:25:22", "text": "And guess what?"}, {"start": "00:25:20", "end": "00:25:27", "text": "If there is a capitulation at the end of"}, {"start": "00:25:22", "end": "00:25:30", "text": "the year like 2018, like 2020 or like"}, {"start": "00:25:27", "end": "00:25:32", "text": "2022 or like 2014,"}, {"start": "00:25:30", "end": "00:25:34", "text": "it usually just sets up the next bull"}, {"start": "00:25:32", "end": "00:25:36", "text": "market, right? Like it's not something"}, {"start": "00:25:34", "end": "00:25:38", "text": "to be scared of. It just usually sets up"}, {"start": "00:25:36", "end": "00:25:41", "text": "the next bull market and then none of it"}, {"start": "00:25:38", "end": "00:25:43", "text": "mattered in in the end. So try to have a"}, {"start": "00:25:41", "end": "00:25:45", "text": "long time horizon."}, {"start": "00:25:43", "end": "00:25:49", "text": "Fade"}, {"start": "00:25:45", "end": "00:25:51", "text": "the gurus that that still show you the"}, {"start": "00:25:49", "end": "00:25:55", "text": "same narratives every single year for"}, {"start": "00:25:51", "end": "00:25:57", "text": "the last 5 years. Fade that stuff. Okay?"}, {"start": "00:25:55", "end": "00:25:59", "text": "Those guys can turn it around. They just"}, {"start": "00:25:57", "end": "00:26:01", "text": "have to admit they're wrong. Like"}, {"start": "00:25:59", "end": "00:26:03", "text": "everyone has to. And then once they do,"}, {"start": "00:26:01", "end": "00:26:05", "text": "everything becomes a lot clearer. That"}, {"start": "00:26:03", "end": "00:26:08", "text": "would be my advice. All right. And for"}, {"start": "00:26:05", "end": "00:26:11", "text": "you, I think what what a lot of people"}, {"start": "00:26:08", "end": "00:26:14", "text": "should do in this situation is look at"}, {"start": "00:26:11", "end": "00:26:15", "text": "the data on the chart and stop trying to"}, {"start": "00:26:14", "end": "00:26:17", "text": "like focus on all the different"}, {"start": "00:26:15", "end": "00:26:19", "text": "narratives. Yes, sailor selling"}, {"start": "00:26:17", "end": "00:26:22", "text": "optically doesn't look that great. Yes,"}, {"start": "00:26:19", "end": "00:26:23", "text": "I Yes, we know that. And this is why I"}, {"start": "00:26:22", "end": "00:26:24", "text": "say even treasury companies will bleed"}, {"start": "00:26:23", "end": "00:26:28", "text": "to Bitcoin over long enough period of"}, {"start": "00:26:24", "end": "00:26:30", "text": "time. Yes, the unemployment rate, you"}, {"start": "00:26:28", "end": "00:26:32", "text": "know, is is a little finicky, but it's"}, {"start": "00:26:30", "end": "00:26:34", "text": "been okay recently. It all there's so"}, {"start": "00:26:32", "end": "00:26:36", "text": "many things you could look at. I don't"}, {"start": "00:26:34", "end": "00:26:38", "text": "know what the narrative is going to be"}, {"start": "00:26:36", "end": "00:26:41", "text": "at the end of the year. But what I will"}, {"start": "00:26:38", "end": "00:26:43", "text": "say is this is the same people that have"}, {"start": "00:26:41", "end": "00:26:46", "text": "been bullish throughout the entire bare"}, {"start": "00:26:43", "end": "00:26:49", "text": "market, if history is any indication,"}, {"start": "00:26:46", "end": "00:26:51", "text": "they will likely flip bearish at the"}, {"start": "00:26:49", "end": "00:26:53", "text": "beginning of the bull market. I know"}, {"start": "00:26:51", "end": "00:26:55", "text": "that sounds crazy, but I've seen it"}, {"start": "00:26:53", "end": "00:26:58", "text": "happen before. It's like if you get the"}, {"start": "00:26:55", "end": "00:27:00", "text": "memo that the bare market is here when"}, {"start": "00:26:58", "end": "00:27:02", "text": "it first arrives, it's so much easier to"}, {"start": "00:27:00", "end": "00:27:05", "text": "flip bullish when the bare market's"}, {"start": "00:27:02", "end": "00:27:07", "text": "over. If you don't get the memo that the"}, {"start": "00:27:05", "end": "00:27:08", "text": "bare market is here until the third"}, {"start": "00:27:07", "end": "00:27:10", "text": "stage of the bare market, which is where"}, {"start": "00:27:08", "end": "00:27:11", "text": "we've been for the last few weeks, it's"}, {"start": "00:27:10", "end": "00:27:13", "text": "so much harder to flip bullish because"}, {"start": "00:27:11", "end": "00:27:16", "text": "your cost basis for selling for a lot of"}, {"start": "00:27:13", "end": "00:27:18", "text": "these guys, is a lot lower. The time to"}, {"start": "00:27:16", "end": "00:27:21", "text": "sell Bitcoin, if you're going to, was"}, {"start": "00:27:18", "end": "00:27:23", "text": "late Q4 of last year, not anytime this"}, {"start": "00:27:21", "end": "00:27:27", "text": "year, in my opinion."}, {"start": "00:27:23", "end": "00:27:28", "text": "In fact, DCAing Bitcoin starting in the"}, {"start": "00:27:27", "end": "00:27:30", "text": "second half of midterm years"}, {"start": "00:27:28", "end": "00:27:33", "text": "historically works out as long as you"}, {"start": "00:27:30", "end": "00:27:34", "text": "can stomach a little bit of downside. If"}, {"start": "00:27:33", "end": "00:27:38", "text": "you can stomach that, it probably"}, {"start": "00:27:34", "end": "00:27:38", "text": "doesn't matter long term."}, {"start": "00:27:38", "end": "00:27:42", "text": "But you got to stop trying to time the"}, {"start": "00:27:40", "end": "00:27:43", "text": "bottom because the reality is is no"}, {"start": "00:27:42", "end": "00:27:46", "text": "one's going to time it perfectly. I can"}, {"start": "00:27:43", "end": "00:27:48", "text": "assure you I'm not. And I'm just doing"}, {"start": "00:27:46", "end": "00:27:50", "text": "the best I can. And trying to keep it as"}, {"start": "00:27:48", "end": "00:27:52", "text": "simple as possible. I have five kids. I"}, {"start": "00:27:50", "end": "00:27:53", "text": "have a life outside of this. I want to"}, {"start": "00:27:52", "end": "00:27:56", "text": "go watch the World Cup. I actually got"}, {"start": "00:27:53", "end": "00:27:57", "text": "to go see the Argentina match against"}, {"start": "00:27:56", "end": "00:27:59", "text": "Egypt. It was probably the best game"}, {"start": "00:27:57", "end": "00:28:01", "text": "I've ever seen in my life."}, {"start": "00:27:59", "end": "00:28:03", "text": "There's other things to life than just"}, {"start": "00:28:01", "end": "00:28:05", "text": "staring at the charts. So, let's keep it"}, {"start": "00:28:03", "end": "00:28:08", "text": "simple. I'm deferring to the four-year"}, {"start": "00:28:05", "end": "00:28:10", "text": "cycle until proven otherwise. I would I"}, {"start": "00:28:08", "end": "00:28:12", "text": "want to establish positions in Bitcoin"}, {"start": "00:28:10", "end": "00:28:15", "text": "in the second half of the midterm year."}, {"start": "00:28:12", "end": "00:28:17", "text": "Ignore the narratives and hopefully set"}, {"start": "00:28:15", "end": "00:28:19", "text": "up for the next bull market that"}, {"start": "00:28:17", "end": "00:28:23", "text": "hopefully can come late this year going"}, {"start": "00:28:19", "end": "00:28:25", "text": "into 2027. That is my focus. I might get"}, {"start": "00:28:23", "end": "00:28:27", "text": "it wrong and if I do, I will say it, but"}, {"start": "00:28:25", "end": "00:28:30", "text": "that is my focus. And at the end of the"}, {"start": "00:28:27", "end": "00:28:32", "text": "year, we have the ITC conference. It's"}, {"start": "00:28:30", "end": "00:28:33", "text": "not a coincidence that I put this"}, {"start": "00:28:32", "end": "00:28:35", "text": "conference in November. The reason it's"}, {"start": "00:28:33", "end": "00:28:37", "text": "in November is because I'm hoping the"}, {"start": "00:28:35", "end": "00:28:38", "text": "low is in by that time. If it's not in,"}, {"start": "00:28:37", "end": "00:28:41", "text": "I think it'll be really close to being"}, {"start": "00:28:38", "end": "00:28:44", "text": "in, but I think there's a good chance,"}, {"start": "00:28:41", "end": "00:28:46", "text": "maybe 60 to 65% chance that by November"}, {"start": "00:28:44", "end": "00:28:48", "text": "21st, which is the main conference day,"}, {"start": "00:28:46", "end": "00:28:49", "text": "I think the low will be in. So, one of"}, {"start": "00:28:48", "end": "00:28:51", "text": "the main themes of this conference,"}, {"start": "00:28:49", "end": "00:28:52", "text": "while it's not a crypto conference, one"}, {"start": "00:28:51", "end": "00:28:54", "text": "of the main themes will of course be"}, {"start": "00:28:52", "end": "00:28:56", "text": "Bitcoin."}, {"start": "00:28:54", "end": "00:28:59", "text": "So, if you're interested, make sure you"}, {"start": "00:28:56", "end": "00:29:01", "text": "get a ticket to the first ITC conference"}, {"start": "00:28:59", "end": "00:29:04", "text": "November 20th through the 22nd in Miami,"}, {"start": "00:29:01", "end": "00:29:06", "text": "Florida. Um, go ahead and get a ticket"}, {"start": "00:29:04", "end": "00:29:07", "text": "if you guys are interested. And we've"}, {"start": "00:29:06", "end": "00:29:09", "text": "we've been lining up a lot of great"}, {"start": "00:29:07", "end": "00:29:10", "text": "speakers. I'm sure you'll recognize a"}, {"start": "00:29:09", "end": "00:29:12", "text": "lot of them. So, make sure you guys"}, {"start": "00:29:10", "end": "00:29:13", "text": "check that out. And we're not going to"}, {"start": "00:29:12", "end": "00:29:15", "text": "have as many as as some of the"}, {"start": "00:29:13", "end": "00:29:16", "text": "conferences. And and this conference is"}, {"start": "00:29:15", "end": "00:29:18", "text": "not just going to be like treasury"}, {"start": "00:29:16", "end": "00:29:22", "text": "companies talking their game. We want to"}, {"start": "00:29:18", "end": "00:29:25", "text": "look at the markets with data with a lot"}, {"start": "00:29:22", "end": "00:29:28", "text": "of the the the best minds in the spaces"}, {"start": "00:29:25", "end": "00:29:29", "text": "in in various asset classes and and that"}, {"start": "00:29:28", "end": "00:29:32", "text": "way the people that go hopefully can"}, {"start": "00:29:29", "end": "00:29:35", "text": "then form their own idea of how they"}, {"start": "00:29:32", "end": "00:29:36", "text": "want to navigate the markets. If you"}, {"start": "00:29:35", "end": "00:29:38", "text": "guys like the content, make sure you"}, {"start": "00:29:36", "end": "00:29:39", "text": "subscribe, give the video a thumbs up."}, {"start": "00:29:38", "end": "00:29:42", "text": "Again, check out the sale on ITC Premium"}, {"start": "00:29:39", "end": "00:29:44", "text": "at into the cryptoverse.com. And I hope"}, {"start": "00:29:42", "end": "00:29:46", "text": "to see you guys at the first ITC"}, {"start": "00:29:44", "end": "00:29:48", "text": "conference in Miami on November 20th"}, {"start": "00:29:46", "end": "00:29:50", "text": "through the 22nd. I will leave a link in"}, {"start": "00:29:48", "end": "00:29:54", "text": "the pinned comment and the description"}, {"start": "00:29:50", "end": "00:29:54", "text": "below. I'll see you guys next time. Bye."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:03", "end": "00:00:08", "text": "into the cryptoverse. Here we are with"}, {"start": "00:00:05", "end": "00:00:09", "text": "another episode of NFA Live. We have Rob"}, {"start": "00:00:08", "end": "00:00:10", "text": "from Digital Asset News. How's it going"}, {"start": "00:00:09", "end": "00:00:12", "text": "Rob?"}, {"start": "00:00:10", "end": "00:00:14", "text": ">> Good. Hello everybody."}, {"start": "00:00:12", "end": "00:00:16", "text": ">> Thanks for being here. And then we also"}, {"start": "00:00:14", "end": "00:00:18", "text": "have Nick from Coin Guru. We haven't had"}, {"start": "00:00:16", "end": "00:00:20", "text": "Nick on the channel in a while, so it's"}, {"start": "00:00:18", "end": "00:00:21", "text": "a pleasure to to see you again."}, {"start": "00:00:20", "end": "00:00:23", "text": ">> Thanks for having me, Ben. Great to be"}, {"start": "00:00:21", "end": "00:00:26", "text": "here with you guys."}, {"start": "00:00:23", "end": "00:00:27", "text": ">> Yeah. So, uh I would say pretty"}, {"start": "00:00:26", "end": "00:00:29", "text": "interesting time in the market, but it's"}, {"start": "00:00:27", "end": "00:00:30", "text": "not really. It's kind of boring."}, {"start": "00:00:29", "end": "00:00:32", "text": "[laughter]"}, {"start": "00:00:30", "end": "00:00:36", "text": "Um, but we can at least talk about it."}, {"start": "00:00:32", "end": "00:00:39", "text": "Uh, so the first thing I I want to say"}, {"start": "00:00:36", "end": "00:00:41", "text": "is with with Bitcoin, I mean, it hasn't"}, {"start": "00:00:39", "end": "00:00:43", "text": "hasn't really done anything for a really"}, {"start": "00:00:41", "end": "00:00:46", "text": "long time. We're just kind of hanging"}, {"start": "00:00:43", "end": "00:00:48", "text": "out at 60K. I guess my question is, you"}, {"start": "00:00:46", "end": "00:00:50", "text": "know, what are the odds here we get a"}, {"start": "00:00:48", "end": "00:00:52", "text": "little bit of relief in the summer or do"}, {"start": "00:00:50", "end": "00:00:53", "text": "you think that's unlikely? It's kind of"}, {"start": "00:00:52", "end": "00:00:55", "text": "I mean, obviously, no one knows, right?"}, {"start": "00:00:53", "end": "00:00:57", "text": "It's hard to time counter trend rallies,"}, {"start": "00:00:55", "end": "00:00:58", "text": "but what do you guys think? Uh, Nick,"}, {"start": "00:00:57", "end": "00:01:00", "text": "I'll start with you. What do you think"}, {"start": "00:00:58", "end": "00:01:02", "text": "here about Bitcoin? Could it could it"}, {"start": "00:01:00", "end": "00:01:04", "text": "find any relief in the short term or"}, {"start": "00:01:02", "end": "00:01:07", "text": "what do you think?"}, {"start": "00:01:04", "end": "00:01:09", "text": ">> Oh, we hope so, Ben. Eh, I mean, many of"}, {"start": "00:01:07", "end": "00:01:11", "text": "the bottom signals have fired. E, we've"}, {"start": "00:01:09", "end": "00:01:14", "text": "had like more than 50% of the onchain"}, {"start": "00:01:11", "end": "00:01:16", "text": "Bitcoin supplies held at a loss. We've"}, {"start": "00:01:14", "end": "00:01:18", "text": "had the monthly RSI at its lowest level"}, {"start": "00:01:16", "end": "00:01:21", "text": "in 17 years or second lowest level."}, {"start": "00:01:18", "end": "00:01:23", "text": "We've had the M the Zed score at close"}, {"start": "00:01:21", "end": "00:01:25", "text": "to 1.5 standard deviations in terms of"}, {"start": "00:01:23", "end": "00:01:27", "text": "onchain valuations again. So there's a"}, {"start": "00:01:25", "end": "00:01:30", "text": "lot of things that have fired in terms"}, {"start": "00:01:27", "end": "00:01:33", "text": "of we've had a we close to a bottom or"}, {"start": "00:01:30", "end": "00:01:35", "text": "had the bottom but and historically"}, {"start": "00:01:33", "end": "00:01:37", "text": "summer is a mixed is mixed. You know"}, {"start": "00:01:35", "end": "00:01:40", "text": "July can bounce, August is is quite"}, {"start": "00:01:37", "end": "00:01:44", "text": "mixed, September gets ugly and then uh"}, {"start": "00:01:40", "end": "00:01:46", "text": "October let's rather not talk about it."}, {"start": "00:01:44", "end": "00:01:49", "text": "Um what I'm looking forward and on the"}, {"start": "00:01:46", "end": "00:01:51", "text": "on the charts in terms of things I want"}, {"start": "00:01:49", "end": "00:01:53", "text": "to see a solid recovery of the 200E um"}, {"start": "00:01:51", "end": "00:01:55", "text": "simple moving average and we're on the"}, {"start": "00:01:53", "end": "00:01:57", "text": "cusp of that right now. I'd want to see"}, {"start": "00:01:55", "end": "00:01:59", "text": "solid ETF inflows because we've had a"}, {"start": "00:01:57", "end": "00:02:01", "text": "terrible outflow month last month. So,"}, {"start": "00:01:59", "end": "00:02:04", "text": "I'd want to see at least three to three"}, {"start": "00:02:01", "end": "00:02:07", "text": "to four days of solid inflows uh and"}, {"start": "00:02:04", "end": "00:02:09", "text": "sustained inflows. And one of the best"}, {"start": "00:02:07", "end": "00:02:10", "text": "indicators to watch as well in terms of"}, {"start": "00:02:09", "end": "00:02:12", "text": "institutional accumulation is the"}, {"start": "00:02:10", "end": "00:02:14", "text": "Coinbase premium. Quite a few people"}, {"start": "00:02:12", "end": "00:02:16", "text": "quote that on X as well. This is"}, {"start": "00:02:14", "end": "00:02:18", "text": "basically the differential between the"}, {"start": "00:02:16", "end": "00:02:20", "text": "price of Bitcoin on Coinbase and in"}, {"start": "00:02:18", "end": "00:02:23", "text": "offshore exchanges. gives an indication"}, {"start": "00:02:20", "end": "00:02:24", "text": "of bullishness in uh in the US market"}, {"start": "00:02:23", "end": "00:02:26", "text": "institutions."}, {"start": "00:02:24", "end": "00:02:29", "text": "Maybe if we could see some clarity from"}, {"start": "00:02:26", "end": "00:02:30", "text": "strategy uh in terms of you know what"}, {"start": "00:02:29", "end": "00:02:33", "text": "what's happening with there because"}, {"start": "00:02:30", "end": "00:02:35", "text": "that's a big overhang on the markets. Um"}, {"start": "00:02:33", "end": "00:02:36", "text": "but I think mainly it's also like ris"}, {"start": "00:02:35", "end": "00:02:40", "text": "the macro is the biggest player right"}, {"start": "00:02:36", "end": "00:02:41", "text": "now. Uh the risk on macro is that I mean"}, {"start": "00:02:40", "end": "00:02:43", "text": "right now the risk on macro is that the"}, {"start": "00:02:41", "end": "00:02:46", "text": "that we get some sort of a peace deal in"}, {"start": "00:02:43", "end": "00:02:48", "text": "Iran and that breathes some life into"}, {"start": "00:02:46", "end": "00:02:51", "text": "the markets. But if you guys have seen"}, {"start": "00:02:48", "end": "00:02:53", "text": "the uh the you know what's happened"}, {"start": "00:02:51", "end": "00:02:55", "text": "since the past few days, it seems as if"}, {"start": "00:02:53", "end": "00:02:57", "text": "that's also off the cards right now with"}, {"start": "00:02:55", "end": "00:03:00", "text": "the resumption of a few fights here in"}, {"start": "00:02:57", "end": "00:03:02", "text": "the Middle East and that would lead to a"}, {"start": "00:03:00", "end": "00:03:04", "text": "a strong dollar and then potentially um"}, {"start": "00:03:02", "end": "00:03:06", "text": "you know the whole thing kicks off"}, {"start": "00:03:04", "end": "00:03:08", "text": "again. Uh so it could go either way"}, {"start": "00:03:06", "end": "00:03:11", "text": "depending on where the macro goes in the"}, {"start": "00:03:08", "end": "00:03:12", "text": "next few in the next few weeks. Um, but"}, {"start": "00:03:11", "end": "00:03:15", "text": "in my opinion, I think probably"}, {"start": "00:03:12", "end": "00:03:19", "text": "rangebound between 62 uh 68K depending"}, {"start": "00:03:15", "end": "00:03:20", "text": "on how the macro breaks either way."}, {"start": "00:03:19", "end": "00:03:22", "text": ">> Yeah, I mean it seems reasonable. I"}, {"start": "00:03:20", "end": "00:03:24", "text": "don't A lot of times in the summer"}, {"start": "00:03:22", "end": "00:03:26", "text": "markets are just kind of boring. I guess"}, {"start": "00:03:24", "end": "00:03:28", "text": "everyone's on vacation going to the"}, {"start": "00:03:26", "end": "00:03:29", "text": "World Cup, not trading Bitcoin. Rob,"}, {"start": "00:03:28", "end": "00:03:32", "text": "what do you think? What What are you"}, {"start": "00:03:29", "end": "00:03:34", "text": "seeing down in your neck of the woods?"}, {"start": "00:03:32", "end": "00:03:36", "text": ">> No, Nick said it perfectly. I mean,"}, {"start": "00:03:34", "end": "00:03:38", "text": "everything he just talked about is"}, {"start": "00:03:36", "end": "00:03:39", "text": "essentially what's playing out. And uh"}, {"start": "00:03:38", "end": "00:03:41", "text": "we can see that summer's kind of sucked."}, {"start": "00:03:39", "end": "00:03:43", "text": "There's a reason why they say sell in"}, {"start": "00:03:41", "end": "00:03:45", "text": "May and go away. I think some people may"}, {"start": "00:03:43", "end": "00:03:46", "text": "have actually wanted to do that. But the"}, {"start": "00:03:45", "end": "00:03:48", "text": "I guess the bigger question is the"}, {"start": "00:03:46", "end": "00:03:49", "text": "people watching the video is do you want"}, {"start": "00:03:48", "end": "00:03:52", "text": "it to recover? And everybody talks about"}, {"start": "00:03:49", "end": "00:03:55", "text": "how great it is to recover, but these"}, {"start": "00:03:52", "end": "00:03:57", "text": "prices below 200E moving averages below"}, {"start": "00:03:55", "end": "00:04:00", "text": "250 week. Why wouldn't you just keep it"}, {"start": "00:03:57", "end": "00:04:04", "text": "there? I am uh quite happy with it being"}, {"start": "00:04:00", "end": "00:04:06", "text": "just like the way it is."}, {"start": "00:04:04", "end": "00:04:08", "text": "Well, I mean, I tend to agree with you"}, {"start": "00:04:06", "end": "00:04:11", "text": "guys. I mean, I who knows what happens"}, {"start": "00:04:08", "end": "00:04:12", "text": "later in the year, but I I you know, we"}, {"start": "00:04:11", "end": "00:04:15", "text": "talked about it similar to like some of"}, {"start": "00:04:12", "end": "00:04:17", "text": "the prior midterm year bare markets."}, {"start": "00:04:15", "end": "00:04:20", "text": "It's interesting in 2022, there was a"}, {"start": "00:04:17", "end": "00:04:24", "text": "nice little rally um for alts, but in"}, {"start": "00:04:20", "end": "00:04:26", "text": "2018, alts got annihilated in July and"}, {"start": "00:04:24", "end": "00:04:30", "text": "August. So, just remember like we're"}, {"start": "00:04:26", "end": "00:04:33", "text": "talking about Bitcoin and not like all"}, {"start": "00:04:30", "end": "00:04:35", "text": "the random junk that's that's out there."}, {"start": "00:04:33", "end": "00:04:37", "text": "Uh, next question. And and I think I"}, {"start": "00:04:35", "end": "00:04:38", "text": "think Nick already touched on this a"}, {"start": "00:04:37", "end": "00:04:41", "text": "little bit, so I'll just start with"}, {"start": "00:04:38", "end": "00:04:43", "text": "Nick. Um, what do you think about"}, {"start": "00:04:41", "end": "00:04:46", "text": "monetary policy? I mean, I I know that"}, {"start": "00:04:43", "end": "00:04:48", "text": "we're looking at a potential rate hike"}, {"start": "00:04:46", "end": "00:04:50", "text": "by the Fed. maybe you can fill us in on"}, {"start": "00:04:48", "end": "00:04:52", "text": "on, you know, what's going on in your"}, {"start": "00:04:50", "end": "00:04:54", "text": "neck of the woods, but is it are we"}, {"start": "00:04:52", "end": "00:04:57", "text": "really going to get rate hikes with oil"}, {"start": "00:04:54", "end": "00:05:00", "text": "coming down? I mean, oil's dropped a lot"}, {"start": "00:04:57", "end": "00:05:03", "text": "and still seems like the Fed and and"}, {"start": "00:05:00", "end": "00:05:04", "text": "some other um big players are still"}, {"start": "00:05:03", "end": "00:05:05", "text": "looking at at tighter monetary policy."}, {"start": "00:05:04", "end": "00:05:08", "text": "Do you think that's actually going to"}, {"start": "00:05:05", "end": "00:05:09", "text": "play out?"}, {"start": "00:05:08", "end": "00:05:10", "text": ">> I think it could be. There's a few"}, {"start": "00:05:09", "end": "00:05:12", "text": "factors here. one in terms of your point"}, {"start": "00:05:10", "end": "00:05:14", "text": "around the oil that is true over the"}, {"start": "00:05:12", "end": "00:05:17", "text": "past few weeks but I think that this"}, {"start": "00:05:14", "end": "00:05:19", "text": "resumption in fighting could be another"}, {"start": "00:05:17", "end": "00:05:21", "text": "catalyst which drives it higher and it"}, {"start": "00:05:19", "end": "00:05:25", "text": "has we've had a spike in the past few"}, {"start": "00:05:21", "end": "00:05:28", "text": "days um in in the previous um hormuse"}, {"start": "00:05:25", "end": "00:05:30", "text": "crisis some of the reasons as to why oil"}, {"start": "00:05:28", "end": "00:05:32", "text": "didn't spike much more than it did is"}, {"start": "00:05:30", "end": "00:05:35", "text": "because of uh the SPR release in the US"}, {"start": "00:05:32", "end": "00:05:37", "text": "and also uh China dropping its oil"}, {"start": "00:05:35", "end": "00:05:39", "text": "imports by a considerable amount so that"}, {"start": "00:05:37", "end": "00:05:41", "text": "helped abate some of the inflationary"}, {"start": "00:05:39", "end": "00:05:42", "text": "pressures driven by oil. So, I don't"}, {"start": "00:05:41", "end": "00:05:45", "text": "know if that's necessarily going to play"}, {"start": "00:05:42", "end": "00:05:46", "text": "out if we do have another hormous"}, {"start": "00:05:45", "end": "00:05:49", "text": "crisis. So, then you've got some cost"}, {"start": "00:05:46", "end": "00:05:51", "text": "push inflation coming through. Um, but"}, {"start": "00:05:49", "end": "00:05:53", "text": "we did have the the Fed minutes out"}, {"start": "00:05:51", "end": "00:05:56", "text": "yesterday and they were quite hish. You"}, {"start": "00:05:53", "end": "00:05:59", "text": "saw that half of the um Fed governors"}, {"start": "00:05:56", "end": "00:06:01", "text": "wanted to were voting for an in rate"}, {"start": "00:05:59", "end": "00:06:02", "text": "hike by the end of the year. And what's"}, {"start": "00:06:01", "end": "00:06:04", "text": "also quite interesting, I don't know if"}, {"start": "00:06:02", "end": "00:06:07", "text": "you saw this, Ben, but uh they said that"}, {"start": "00:06:04", "end": "00:06:09", "text": "they they raised the the concern of"}, {"start": "00:06:07", "end": "00:06:10", "text": "demand driven inflation from the AI"}, {"start": "00:06:09", "end": "00:06:12", "text": "buildout specifically as it relates to,"}, {"start": "00:06:10", "end": "00:06:15", "text": "you know, the chips and the memory and"}, {"start": "00:06:12", "end": "00:06:17", "text": "how it's impacting on consumer goods. So"}, {"start": "00:06:15", "end": "00:06:20", "text": "there you've got another uh cost push in"}, {"start": "00:06:17", "end": "00:06:23", "text": "in the demand pull inflation from that."}, {"start": "00:06:20", "end": "00:06:25", "text": "Uh and then I think also Walsh himself"}, {"start": "00:06:23", "end": "00:06:27", "text": "is generally being quite hawkish and it"}, {"start": "00:06:25", "end": "00:06:29", "text": "doesn't help the fact that he hasn't"}, {"start": "00:06:27", "end": "00:06:31", "text": "he's gone away with any sort of forward"}, {"start": "00:06:29", "end": "00:06:35", "text": "guidance. So it makes it difficult for"}, {"start": "00:06:31", "end": "00:06:36", "text": "us to assess. Um and indeed consumer"}, {"start": "00:06:35", "end": "00:06:38", "text": "inflation expectations are still quite"}, {"start": "00:06:36", "end": "00:06:40", "text": "high. I think we had the uh inflation"}, {"start": "00:06:38", "end": "00:06:43", "text": "expectations from the New York Fed come"}, {"start": "00:06:40", "end": "00:06:44", "text": "out last week which were the highest in"}, {"start": "00:06:43", "end": "00:06:46", "text": "nearly three years."}, {"start": "00:06:44", "end": "00:06:47", "text": ">> And indeed the markets are moving in"}, {"start": "00:06:46", "end": "00:06:50", "text": "that way as well. The 10 year now is"}, {"start": "00:06:47", "end": "00:06:54", "text": "back. I think we had a 10-year auction"}, {"start": "00:06:50", "end": "00:06:56", "text": "yesterday with the highest uh yield uh"}, {"start": "00:06:54", "end": "00:06:58", "text": "since February of last year. So I think"}, {"start": "00:06:56", "end": "00:07:00", "text": "that we still in in territory where the"}, {"start": "00:06:58", "end": "00:07:03", "text": "Fed is going to be hish towards the end"}, {"start": "00:07:00", "end": "00:07:05", "text": "of the year. Uh and if the oil crisis"}, {"start": "00:07:03", "end": "00:07:07", "text": "does if we do have an additional whoo"}, {"start": "00:07:05", "end": "00:07:09", "text": "crisis that could continue to push"}, {"start": "00:07:07", "end": "00:07:11", "text": "inflation higher."}, {"start": "00:07:09", "end": "00:07:13", "text": ">> Yeah, I feel like the geopolitical stuff"}, {"start": "00:07:11", "end": "00:07:15", "text": "is stuff I can't really nail down that"}, {"start": "00:07:13", "end": "00:07:17", "text": "much. I I don't I feel like I just have"}, {"start": "00:07:15", "end": "00:07:20", "text": "no idea like what to expect from from"}, {"start": "00:07:17", "end": "00:07:21", "text": "Trump uh or I mean anything from that"}, {"start": "00:07:20", "end": "00:07:22", "text": "matter from the geopolitical"}, {"start": "00:07:21", "end": "00:07:25", "text": "perspective. It makes it really"}, {"start": "00:07:22", "end": "00:07:26", "text": "difficult to try to guess what's going"}, {"start": "00:07:25", "end": "00:07:29", "text": "to happen. But I guess there must be"}, {"start": "00:07:26", "end": "00:07:32", "text": "something in there keeping you know rate"}, {"start": "00:07:29", "end": "00:07:36", "text": "hikes on the table. So you're probably"}, {"start": "00:07:32", "end": "00:07:37", "text": "right, Rob. I mean yeah, go ahead, Nick."}, {"start": "00:07:36", "end": "00:07:38", "text": ">> Yeah, I mean like the geopolitical angle"}, {"start": "00:07:37", "end": "00:07:40", "text": "is a box of chocolates. You don't know"}, {"start": "00:07:38", "end": "00:07:41", "text": "what you're going to get, right? You"}, {"start": "00:07:40", "end": "00:07:43", "text": "never know. I mean, we thought that we"}, {"start": "00:07:41", "end": "00:07:45", "text": "were going to we really thought that"}, {"start": "00:07:43", "end": "00:07:47", "text": "we're moving towards like a risk-on"}, {"start": "00:07:45", "end": "00:07:49", "text": "atmosphere with oil coming down and we"}, {"start": "00:07:47", "end": "00:07:51", "text": "could continue the rally and the peace"}, {"start": "00:07:49", "end": "00:07:54", "text": "deal would be signed and again it just"}, {"start": "00:07:51", "end": "00:07:56", "text": "kicks off again. So, you never know."}, {"start": "00:07:54", "end": "00:07:59", "text": ">> Yeah, you never know what mood is going"}, {"start": "00:07:56", "end": "00:08:01", "text": "to is going to happen. Um Rob, I know"}, {"start": "00:07:59", "end": "00:08:03", "text": "monetary policy isn't necessarily your"}, {"start": "00:08:01", "end": "00:08:04", "text": "favorite topic."}, {"start": "00:08:03", "end": "00:08:06", "text": "It's not it's not like we're talking"}, {"start": "00:08:04", "end": "00:08:08", "text": "about chess or something, but if you"}, {"start": "00:08:06", "end": "00:08:11", "text": "could chime in"}, {"start": "00:08:08", "end": "00:08:12", "text": ">> kind of fill in I mean I'll just echo"}, {"start": "00:08:11", "end": "00:08:16", "text": "what I mean just to just to give"}, {"start": "00:08:12", "end": "00:08:17", "text": "everybody a a a visual about what's"}, {"start": "00:08:16", "end": "00:08:20", "text": "actually happening. If you want to throw"}, {"start": "00:08:17", "end": "00:08:22", "text": "this up, this is just to touch on what"}, {"start": "00:08:20", "end": "00:08:23", "text": "oil is. You know, we're going to hear"}, {"start": "00:08:22", "end": "00:08:25", "text": "this again and again. Trump's going to"}, {"start": "00:08:23", "end": "00:08:27", "text": "say everybody's a liar and he's the only"}, {"start": "00:08:25", "end": "00:08:29", "text": "one that's right. And that's fine. And"}, {"start": "00:08:27", "end": "00:08:30", "text": "there's going to be a memorandum of"}, {"start": "00:08:29", "end": "00:08:32", "text": "understanding that's going to get passed"}, {"start": "00:08:30", "end": "00:08:33", "text": "through and people are going to go"}, {"start": "00:08:32", "end": "00:08:34", "text": "through and just say, \"No, no, we're not"}, {"start": "00:08:33", "end": "00:08:36", "text": "going to do this this pre peace deal.\""}, {"start": "00:08:34", "end": "00:08:38", "text": "It's going to just be"}, {"start": "00:08:36", "end": "00:08:39", "text": "erratic. And that's pretty much what it"}, {"start": "00:08:38", "end": "00:08:41", "text": "is. And I know people would say, \"Well,"}, {"start": "00:08:39", "end": "00:08:42", "text": "it's the oil price.\" And they they take"}, {"start": "00:08:41", "end": "00:08:44", "text": "a look at it and, you know, like today,"}, {"start": "00:08:42", "end": "00:08:47", "text": "okay, it is what it is. It's up, you"}, {"start": "00:08:44", "end": "00:08:49", "text": "know, plus 0.49, but if you take a look"}, {"start": "00:08:47", "end": "00:08:51", "text": "at like a month"}, {"start": "00:08:49", "end": "00:08:53", "text": "and then one year,"}, {"start": "00:08:51", "end": "00:08:55", "text": "I mean, yeah, this is where you see that"}, {"start": "00:08:53", "end": "00:08:57", "text": "inflation talk coming in. Now it's going"}, {"start": "00:08:55", "end": "00:08:59", "text": "down. So you would think that okay well"}, {"start": "00:08:57", "end": "00:09:01", "text": "inflation is going to be just just e"}, {"start": "00:08:59", "end": "00:09:03", "text": "ebbed away because at some point the oil"}, {"start": "00:09:01", "end": "00:09:06", "text": "will go down. The problem is and Nick"}, {"start": "00:09:03", "end": "00:09:09", "text": "touched on it is AI and the big problem"}, {"start": "00:09:06", "end": "00:09:11", "text": "is is that there are different sectors"}, {"start": "00:09:09", "end": "00:09:12", "text": "in the world especially here in the"}, {"start": "00:09:11", "end": "00:09:13", "text": "United States as they start to build"}, {"start": "00:09:12", "end": "00:09:15", "text": "these data centers the price of"}, {"start": "00:09:13", "end": "00:09:17", "text": "electricity goes up. So you have on one"}, {"start": "00:09:15", "end": "00:09:19", "text": "side inflation you know going down with"}, {"start": "00:09:17", "end": "00:09:20", "text": "with the price of oil going down."}, {"start": "00:09:19", "end": "00:09:23", "text": "Another side you have electricity going"}, {"start": "00:09:20", "end": "00:09:26", "text": "up for your for your home"}, {"start": "00:09:23", "end": "00:09:28", "text": "you know usage and business usage. So in"}, {"start": "00:09:26", "end": "00:09:30", "text": "that case you got one going up one going"}, {"start": "00:09:28", "end": "00:09:32", "text": "down there might be an issue there. And"}, {"start": "00:09:30", "end": "00:09:34", "text": "AI I think is the big play right now. If"}, {"start": "00:09:32", "end": "00:09:36", "text": "you take a look at stocks and things"}, {"start": "00:09:34", "end": "00:09:39", "text": "that are going up it's looking pretty"}, {"start": "00:09:36", "end": "00:09:41", "text": "good. But um you know I don't know where"}, {"start": "00:09:39", "end": "00:09:42", "text": "things are going as far as like uh"}, {"start": "00:09:41", "end": "00:09:44", "text": "inflation. I think the Fed is going to,"}, {"start": "00:09:42", "end": "00:09:46", "text": "like Nick said, it's going to be very"}, {"start": "00:09:44", "end": "00:09:48", "text": "hawkish and I think there's going to be"}, {"start": "00:09:46", "end": "00:09:50", "text": "some I mean potentially some rate hikes."}, {"start": "00:09:48", "end": "00:09:53", "text": "So, we'll see."}, {"start": "00:09:50", "end": "00:09:56", "text": ">> Did you guys see the news that um the"}, {"start": "00:09:53", "end": "00:09:58", "text": "Fed is now going about changing uh how"}, {"start": "00:09:56", "end": "00:10:01", "text": "they measure PCE, slight tweaks in the"}, {"start": "00:09:58", "end": "00:10:03", "text": "in the measurement of PCE and that Walsh"}, {"start": "00:10:01", "end": "00:10:06", "text": "is also targeting some other version of"}, {"start": "00:10:03", "end": "00:10:08", "text": "PCE called the trimmed PCE. basically"}, {"start": "00:10:06", "end": "00:10:10", "text": "trying to kind of slightly move the"}, {"start": "00:10:08", "end": "00:10:13", "text": "goalpost. So, you know, they they can't"}, {"start": "00:10:10", "end": "00:10:16", "text": "get the actual headline CPE, PCE number"}, {"start": "00:10:13", "end": "00:10:18", "text": "under 2%. So, they kind of like"}, {"start": "00:10:16", "end": "00:10:20", "text": ">> if you don't count inflation correctly,"}, {"start": "00:10:18", "end": "00:10:22", "text": "it's not really a problem, right?"}, {"start": "00:10:20", "end": "00:10:24", "text": ">> That's right. It's all how you get this"}, {"start": "00:10:22", "end": "00:10:26", "text": "move the data."}, {"start": "00:10:24", "end": "00:10:28", "text": ">> Yeah. I thought about that like when you"}, {"start": "00:10:26", "end": "00:10:30", "text": "like publish papers and stuff like I I"}, {"start": "00:10:28", "end": "00:10:33", "text": "just can't imagine like changing the"}, {"start": "00:10:30", "end": "00:10:35", "text": "methodology of of how you calculate a"}, {"start": "00:10:33", "end": "00:10:36", "text": "data series halfway through or part of"}, {"start": "00:10:35", "end": "00:10:38", "text": "the way through and then like putting it"}, {"start": "00:10:36", "end": "00:10:41", "text": "on the same chart and and expecting"}, {"start": "00:10:38", "end": "00:10:42", "text": "people to to take anything away from it."}, {"start": "00:10:41", "end": "00:10:45", "text": "It's like it's literally just calculated"}, {"start": "00:10:42", "end": "00:10:47", "text": "differently. So, who knows? But now that"}, {"start": "00:10:45", "end": "00:10:48", "text": "we got the boring stuff, some of the"}, {"start": "00:10:47", "end": "00:10:50", "text": "boring stuff out of the way, let's get"}, {"start": "00:10:48", "end": "00:10:53", "text": "to the exciting stuff, the World Cup."}, {"start": "00:10:50", "end": "00:10:56", "text": "So, um, I'm obviously wearing an"}, {"start": "00:10:53", "end": "00:10:57", "text": "Argentina jersey. It's because I I just"}, {"start": "00:10:56", "end": "00:10:58", "text": "went to the game. I think I'm honestly"}, {"start": "00:10:57", "end": "00:11:00", "text": "it was probably one of the best games"}, {"start": "00:10:58", "end": "00:11:01", "text": "I've ever been to. I think it was the"}, {"start": "00:11:00", "end": "00:11:04", "text": "best game I've ever been to. That was"}, {"start": "00:11:01", "end": "00:11:06", "text": "exciting. I mean, I It was the 78th"}, {"start": "00:11:04", "end": "00:11:08", "text": "minute or 79th minute, I believe, and"}, {"start": "00:11:06", "end": "00:11:11", "text": "Argentina was down two zero"}, {"start": "00:11:08", "end": "00:11:13", "text": ">> and and they got three goals in like 15"}, {"start": "00:11:11", "end": "00:11:15", "text": "minutes and ended up winning. Um,"}, {"start": "00:11:13", "end": "00:11:17", "text": ">> so I ended up I mean, I got the jersey"}, {"start": "00:11:15", "end": "00:11:19", "text": "and and whatnot. What do you guys think"}, {"start": "00:11:17", "end": "00:11:21", "text": "for the World Cup? Nick, are you looking"}, {"start": "00:11:19", "end": "00:11:23", "text": "at uh England? Is it Is it finally"}, {"start": "00:11:21", "end": "00:11:25", "text": "coming home? [laughter]"}, {"start": "00:11:23", "end": "00:11:27", "text": ">> I don't know, man. Unfortunately, I"}, {"start": "00:11:25", "end": "00:11:31", "text": "can't say. So, I know they got up with"}, {"start": "00:11:27", "end": "00:11:33", "text": "Norway and I I kind of predict that um"}, {"start": "00:11:31", "end": "00:11:35", "text": "you know, in true England style, they're"}, {"start": "00:11:33", "end": "00:11:36", "text": "going to go out on penalties,"}, {"start": "00:11:35", "end": "00:11:37", "text": "unfortunately. [laughter]"}, {"start": "00:11:36", "end": "00:11:39", "text": ">> Yeah,"}, {"start": "00:11:37", "end": "00:11:41", "text": ">> I know. I don't tell guy I said that,"}, {"start": "00:11:39", "end": "00:11:42", "text": "but uh you know, they haven't been one"}, {"start": "00:11:41", "end": "00:11:44", "text": "of the stronger teams, unfortunately,"}, {"start": "00:11:42", "end": "00:11:47", "text": "although they they managed to get"}, {"start": "00:11:44", "end": "00:11:49", "text": "through. Uh I think that France seems"}, {"start": "00:11:47", "end": "00:11:51", "text": "like they the best all round team. You"}, {"start": "00:11:49", "end": "00:11:53", "text": "know, they've won every match. They've"}, {"start": "00:11:51", "end": "00:11:56", "text": "they comfortably beat Sweden. Um they"}, {"start": "00:11:53", "end": "00:11:58", "text": "look balanced in attack and defense. Uh"}, {"start": "00:11:56", "end": "00:12:00", "text": "Spain has got strong defense. Uh you"}, {"start": "00:11:58", "end": "00:12:02", "text": "know, so if they manage to get us a goal"}, {"start": "00:12:00", "end": "00:12:04", "text": "in any of the games, they can hold it"}, {"start": "00:12:02", "end": "00:12:05", "text": "out. But um you know, there's going to"}, {"start": "00:12:04", "end": "00:12:08", "text": "there could be some upsets here. There"}, {"start": "00:12:05", "end": "00:12:09", "text": "could be some real big upsets. So I"}, {"start": "00:12:08", "end": "00:12:11", "text": "don't know. Hey,"}, {"start": "00:12:09", "end": "00:12:12", "text": ">> what do you think Holland? Because I"}, {"start": "00:12:11", "end": "00:12:15", "text": "mean he's been fun to watch. And you"}, {"start": "00:12:12", "end": "00:12:17", "text": "know, didn't wasn't it uh wasn't it Kane"}, {"start": "00:12:15", "end": "00:12:19", "text": "that missed the penalty against France"}, {"start": "00:12:17", "end": "00:12:21", "text": "in 2022 that was the equalizer? Am or am"}, {"start": "00:12:19", "end": "00:12:23", "text": "I not remembering that right?"}, {"start": "00:12:21", "end": "00:12:25", "text": ">> I I can't recall, but yeah, England's"}, {"start": "00:12:23", "end": "00:12:26", "text": "got a very bad reputation when it comes"}, {"start": "00:12:25", "end": "00:12:29", "text": "to penalty shootouts in World Cups. Like"}, {"start": "00:12:26", "end": "00:12:32", "text": "it's the bane of their existence,"}, {"start": "00:12:29", "end": "00:12:34", "text": "so I don't know. Um but yeah, I mean I"}, {"start": "00:12:32", "end": "00:12:36", "text": "think that France has got the um the"}, {"start": "00:12:34", "end": "00:12:38", "text": "edge here. Argentina, I like I think"}, {"start": "00:12:36", "end": "00:12:40", "text": "that you know, you were just talking"}, {"start": "00:12:38", "end": "00:12:41", "text": "about the the game there. It was quite"}, {"start": "00:12:40", "end": "00:12:43", "text": "fascinating to watch. Actually, I was"}, {"start": "00:12:41", "end": "00:12:45", "text": "watching the exact moment on Poly Market"}, {"start": "00:12:43", "end": "00:12:47", "text": "on on on Kelshi how the odds were"}, {"start": "00:12:45", "end": "00:12:49", "text": "changing and it was it's more exciting"}, {"start": "00:12:47", "end": "00:12:50", "text": "than tracking the chart of an altcoin to"}, {"start": "00:12:49", "end": "00:12:50", "text": "be honest."}, {"start": "00:12:50", "end": "00:12:51", "text": ">> Yeah,"}, {"start": "00:12:50", "end": "00:12:54", "text": ">> it's pretty crazy."}, {"start": "00:12:51", "end": "00:12:55", "text": ">> Uh but yeah, Argentina Messi is strong."}, {"start": "00:12:54", "end": "00:12:57", "text": "He's but you can't just rely on one"}, {"start": "00:12:55", "end": "00:12:59", "text": "player. I think that they came close in"}, {"start": "00:12:57", "end": "00:13:01", "text": "a few of the games."}, {"start": "00:12:59", "end": "00:13:04", "text": ">> Uh I I just looked it up. It was 2022."}, {"start": "00:13:01", "end": "00:13:06", "text": "So England was ahead of France two or"}, {"start": "00:13:04", "end": "00:13:09", "text": "sorry England was behind France 2 to1"}, {"start": "00:13:06", "end": "00:13:12", "text": "and then they received a penalty in like"}, {"start": "00:13:09", "end": "00:13:14", "text": "the 84th minute. Harry Kane took the"}, {"start": "00:13:12", "end": "00:13:16", "text": "penalty and he and he sent it high. He"}, {"start": "00:13:14", "end": "00:13:17", "text": "sent it above the goal. So they missed"}, {"start": "00:13:16", "end": "00:13:19", "text": "the equalizer and then they lost the"}, {"start": "00:13:17", "end": "00:13:21", "text": "game. So it was a heartbreak. It was a"}, {"start": "00:13:19", "end": "00:13:22", "text": "heartbreak and you could kind of I mean"}, {"start": "00:13:21", "end": "00:13:24", "text": "what they didn't really go out on"}, {"start": "00:13:22", "end": "00:13:26", "text": "penalties but it was a penalty that"}, {"start": "00:13:24", "end": "00:13:28", "text": "would have allowed them to to tie"}, {"start": "00:13:26", "end": "00:13:30", "text": ">> and and"}, {"start": "00:13:28", "end": "00:13:31", "text": ">> yeah it's going to be a tough game I"}, {"start": "00:13:30", "end": "00:13:33", "text": "think against Norway because they got to"}, {"start": "00:13:31", "end": "00:13:34", "text": "go up against uh Holland and he's got a"}, {"start": "00:13:33", "end": "00:13:36", "text": "lot of he's"}, {"start": "00:13:34", "end": "00:13:38", "text": ">> he's got a lot of"}, {"start": "00:13:36", "end": "00:13:40", "text": ">> Viking."}, {"start": "00:13:38", "end": "00:13:42", "text": ">> Yeah. Rob, who do you got? Who do you"}, {"start": "00:13:40", "end": "00:13:45", "text": "got winning? I mean a lot of a lot of"}, {"start": "00:13:42", "end": "00:13:49", "text": "the I mean the US is out, Canada's out,"}, {"start": "00:13:45", "end": "00:13:51", "text": "Mexico's out. Um who do you got? I have"}, {"start": "00:13:49", "end": "00:13:53", "text": "no idea. I I'll I I'll just say this. I"}, {"start": "00:13:51", "end": "00:13:54", "text": "I took Ben's advice because, you know, I"}, {"start": "00:13:53", "end": "00:13:58", "text": "heard about how great the World Cup was."}, {"start": "00:13:54", "end": "00:14:00", "text": "So, I went and watched uh America verse"}, {"start": "00:13:58", "end": "00:14:01", "text": "Belgium and it was the worst game I've"}, {"start": "00:14:00", "end": "00:14:05", "text": "ever seen in my life as they lost 4-1."}, {"start": "00:14:01", "end": "00:14:07", "text": "I'm like, \"Well, this was trash.\" So,"}, {"start": "00:14:05", "end": "00:14:09", "text": "thank you, Ben, for dashing my hopes and"}, {"start": "00:14:07", "end": "00:14:10", "text": "dreams as I watch America get crushed."}, {"start": "00:14:09", "end": "00:14:11", "text": ">> Why should today be any different than"}, {"start": "00:14:10", "end": "00:14:12", "text": "any other day, Rob?"}, {"start": "00:14:11", "end": "00:14:14", "text": ">> Exactly. Oh,"}, {"start": "00:14:12", "end": "00:14:16", "text": ">> no. I mean, like that was a bad game and"}, {"start": "00:14:14", "end": "00:14:18", "text": "I I mean I wanted I wanted the US to win"}, {"start": "00:14:16", "end": "00:14:19", "text": "the whole thing, but I mean practically"}, {"start": "00:14:18", "end": "00:14:21", "text": "speaking, that's just not going to"}, {"start": "00:14:19", "end": "00:14:23", "text": "happen, you know."}, {"start": "00:14:21", "end": "00:14:24", "text": ">> I want to ask Americans though, what did"}, {"start": "00:14:23", "end": "00:14:26", "text": "you guys think of the the red card"}, {"start": "00:14:24", "end": "00:14:28", "text": "itself? Forget about the political, you"}, {"start": "00:14:26", "end": "00:14:30", "text": "know, the political angle. I mean, the"}, {"start": "00:14:28", "end": "00:14:31", "text": "actual red card that was given to him."}, {"start": "00:14:30", "end": "00:14:33", "text": ">> I have mixed feelings about it. Like I"}, {"start": "00:14:31", "end": "00:14:35", "text": "mean, I I think from the still image"}, {"start": "00:14:33", "end": "00:14:37", "text": "alone, it looks like a red card, right?"}, {"start": "00:14:35", "end": "00:14:38", "text": "Like from the still image alone, if you"}, {"start": "00:14:37", "end": "00:14:41", "text": "look at the whole context, I mean, it"}, {"start": "00:14:38", "end": "00:14:42", "text": "does look like it does look like he was"}, {"start": "00:14:41", "end": "00:14:45", "text": "in front of the ball and then the other"}, {"start": "00:14:42", "end": "00:14:46", "text": "player kind of like ran up and and kind"}, {"start": "00:14:45", "end": "00:14:49", "text": "of made him stumble."}, {"start": "00:14:46", "end": "00:14:50", "text": ">> So, I don't know. I mean, I do think"}, {"start": "00:14:49", "end": "00:14:52", "text": "though, yeah, I thought about this a"}, {"start": "00:14:50", "end": "00:14:55", "text": "lot. I I don't think that two wrongs"}, {"start": "00:14:52", "end": "00:14:56", "text": "make a right. So, even if it even if I"}, {"start": "00:14:55", "end": "00:14:58", "text": "don't think it should have been a red"}, {"start": "00:14:56", "end": "00:15:01", "text": "card, once it was a red card,"}, {"start": "00:14:58", "end": "00:15:03", "text": ">> I don't think I don't agree with them"}, {"start": "00:15:01", "end": "00:15:06", "text": "suspending it and and allowing him to"}, {"start": "00:15:03", "end": "00:15:07", "text": "play. I mean, I just I don't know. Like"}, {"start": "00:15:06", "end": "00:15:09", "text": "I I just don't think that because it"}, {"start": "00:15:07", "end": "00:15:10", "text": "kind of sets the wrong precedent in some"}, {"start": "00:15:09", "end": "00:15:12", "text": "ways because then a lot of other teams"}, {"start": "00:15:10", "end": "00:15:13", "text": "could could make the same claim. Like"}, {"start": "00:15:12", "end": "00:15:15", "text": "they could be like, \"Well, take this"}, {"start": "00:15:13", "end": "00:15:19", "text": "yellow card away or take that red card"}, {"start": "00:15:15", "end": "00:15:21", "text": "away.\" And I I think that regardless of"}, {"start": "00:15:19", "end": "00:15:24", "text": "what anyone says, I mean, look, the"}, {"start": "00:15:21", "end": "00:15:27", "text": "president of the United States called"}, {"start": "00:15:24", "end": "00:15:29", "text": "FIFA and then a decision was made that"}, {"start": "00:15:27", "end": "00:15:31", "text": "has never been made in the World Cup"}, {"start": "00:15:29", "end": "00:15:34", "text": "before. I mean, I know that I know that"}, {"start": "00:15:31", "end": "00:15:35", "text": "Cristiano Ronaldo had some uh had some"}, {"start": "00:15:34", "end": "00:15:38", "text": "stuff suspended as well so he could play"}, {"start": "00:15:35", "end": "00:15:39", "text": "in the World Cup, but I don't know. I"}, {"start": "00:15:38", "end": "00:15:42", "text": "think it just looks bad. Like, it looks"}, {"start": "00:15:39", "end": "00:15:44", "text": "bad. And the US had so much momentum,"}, {"start": "00:15:42", "end": "00:15:45", "text": ">> like just like good m I'm not saying"}, {"start": "00:15:44", "end": "00:15:47", "text": "they were going to win, you know,"}, {"start": "00:15:45", "end": "00:15:48", "text": "against Belgium regardless. I'm just"}, {"start": "00:15:47", "end": "00:15:50", "text": "saying they had like"}, {"start": "00:15:48", "end": "00:15:52", "text": ">> good momentum, I think, in terms of like"}, {"start": "00:15:50", "end": "00:15:54", "text": "the narrative surrounding them. And I"}, {"start": "00:15:52", "end": "00:15:56", "text": "just kind of feel like that tainted"}, {"start": "00:15:54", "end": "00:15:58", "text": ">> um the narrative for a lot of a lot of"}, {"start": "00:15:56", "end": "00:16:00", "text": "people. Well, I I I would say this, if I"}, {"start": "00:15:58", "end": "00:16:03", "text": "were if I were anywhere else in the in"}, {"start": "00:16:00", "end": "00:16:06", "text": "the world besides the United States, I"}, {"start": "00:16:03", "end": "00:16:08", "text": "would be absolutely fuming that that red"}, {"start": "00:16:06", "end": "00:16:10", "text": "card was was uh suspended. Even though I"}, {"start": "00:16:08", "end": "00:16:10", "text": "don't know that I agree that it should I"}, {"start": "00:16:10", "end": "00:16:11", "text": "don't know that it should have been"}, {"start": "00:16:10", "end": "00:16:13", "text": "read. I"}, {"start": "00:16:11", "end": "00:16:16", "text": ">> I think it was Yeah, definitely one of"}, {"start": "00:16:13", "end": "00:16:18", "text": "the worst FIFA calls, only surpassed by"}, {"start": "00:16:16", "end": "00:16:20", "text": "the um even more so than the uh FIFA"}, {"start": "00:16:18", "end": "00:16:21", "text": "Peace Prize."}, {"start": "00:16:20", "end": "00:16:24", "text": ">> Wait, what do you think was the worst"}, {"start": "00:16:21", "end": "00:16:26", "text": "call? The red card or taking it away or"}, {"start": "00:16:24", "end": "00:16:28", "text": ">> uh No, definitely taking it away. the"}, {"start": "00:16:26", "end": "00:16:30", "text": "red card I think you can debate it but"}, {"start": "00:16:28", "end": "00:16:32", "text": "taking it away uh I think yes there and"}, {"start": "00:16:30", "end": "00:16:35", "text": "I think it's just like because and UEFA"}, {"start": "00:16:32", "end": "00:16:37", "text": "put it best it's like you know it goes"}, {"start": "00:16:35", "end": "00:16:38", "text": "to the integrity of the game and like"}, {"start": "00:16:37", "end": "00:16:40", "text": "other teams can also come out and"}, {"start": "00:16:38", "end": "00:16:42", "text": "complain about that right if you don't"}, {"start": "00:16:40", "end": "00:16:44", "text": "have some clear guidance in terms of how"}, {"start": "00:16:42", "end": "00:16:46", "text": "and and a protocol and process for this"}, {"start": "00:16:44", "end": "00:16:49", "text": "right not just an executive decision by"}, {"start": "00:16:46", "end": "00:16:51", "text": "um the FIFA president"}, {"start": "00:16:49", "end": "00:16:53", "text": ">> right yeah and I I just don't feel like"}, {"start": "00:16:51", "end": "00:16:54", "text": "there was a ton of transparency you know"}, {"start": "00:16:53", "end": "00:16:56", "text": "about it and I think that just makes it"}, {"start": "00:16:54", "end": "00:17:00", "text": "worse for for other teams because it"}, {"start": "00:16:56", "end": "00:17:02", "text": "does feels kind of weird. Um, and I it's"}, {"start": "00:17:00", "end": "00:17:04", "text": "weird like rooting for the team that it"}, {"start": "00:17:02", "end": "00:17:06", "text": "happened to, but also like empathizing"}, {"start": "00:17:04", "end": "00:17:09", "text": "with everyone else being like, \"Yeah,"}, {"start": "00:17:06", "end": "00:17:11", "text": "like you guys have a point.\" Um, but"}, {"start": "00:17:09", "end": "00:17:13", "text": "look, Belgium played really well and the"}, {"start": "00:17:11", "end": "00:17:17", "text": "US didn't. I mean, they just they had an"}, {"start": "00:17:13", "end": "00:17:19", "text": "awful game. Um, Belgium deserves to go"}, {"start": "00:17:17", "end": "00:17:21", "text": "on, right? I mean, that's just and and"}, {"start": "00:17:19", "end": "00:17:23", "text": "look, the the US is no stranger to"}, {"start": "00:17:21", "end": "00:17:26", "text": "losing uh in the round of 16, you know?"}, {"start": "00:17:23", "end": "00:17:28", "text": "like this is a very a very common"}, {"start": "00:17:26", "end": "00:17:30", "text": "occurrence. So I mean who do we have"}, {"start": "00:17:28", "end": "00:17:31", "text": "left? We have I mean Morocco and France"}, {"start": "00:17:30", "end": "00:17:34", "text": "play today, right?"}, {"start": "00:17:31", "end": "00:17:36", "text": ">> Yeah, that's going to be a crazy one."}, {"start": "00:17:34", "end": "00:17:38", "text": ">> Uh you know they that's because they"}, {"start": "00:17:36", "end": "00:17:40", "text": "played in the 2022 game as well in the"}, {"start": "00:17:38", "end": "00:17:43", "text": "2022 World Cup and it was two-0 I"}, {"start": "00:17:40", "end": "00:17:44", "text": "believe to France. Morocco advanced I"}, {"start": "00:17:43", "end": "00:17:46", "text": "think it was the first semi-final"}, {"start": "00:17:44", "end": "00:17:48", "text": "something when an African team in the"}, {"start": "00:17:46", "end": "00:17:51", "text": "first semi-final but yeah there's a lot"}, {"start": "00:17:48", "end": "00:17:52", "text": "writing on that as well. You know,"}, {"start": "00:17:51", "end": "00:17:54", "text": ">> this guy's a comment. I just want to"}, {"start": "00:17:52", "end": "00:17:55", "text": "address that. Messi had the same play in"}, {"start": "00:17:54", "end": "00:17:57", "text": "the group stage and getting to yell. I"}, {"start": "00:17:55", "end": "00:17:59", "text": "agree. Like there's the same still image"}, {"start": "00:17:57", "end": "00:18:01", "text": "for Messi, but this is one of those"}, {"start": "00:17:59", "end": "00:18:03", "text": "things where like we can't we can't"}, {"start": "00:18:01", "end": "00:18:04", "text": "always point to something that didn't"}, {"start": "00:18:03", "end": "00:18:06", "text": "get called and say that nothing else"}, {"start": "00:18:04", "end": "00:18:08", "text": "ever gets called just because one foul"}, {"start": "00:18:06", "end": "00:18:09", "text": "wasn't called. Yeah. You know, and I"}, {"start": "00:18:08", "end": "00:18:10", "text": "think that's the hard part because it's"}, {"start": "00:18:09", "end": "00:18:12", "text": "like the natural reaction. And I had"}, {"start": "00:18:10", "end": "00:18:14", "text": "that reaction too. I'm like and I like"}, {"start": "00:18:12", "end": "00:18:16", "text": "Messi. I mean, like I mean, I just got"}, {"start": "00:18:14", "end": "00:18:17", "text": "to see him play, but just because one"}, {"start": "00:18:16", "end": "00:18:19", "text": "foul isn't called doesn't mean that"}, {"start": "00:18:17", "end": "00:18:21", "text": "other fouls I think it should have been"}, {"start": "00:18:19", "end": "00:18:22", "text": "at least a yellow. Like I think a yellow"}, {"start": "00:18:21", "end": "00:18:27", "text": "definitely makes sense. I'm just not"}, {"start": "00:18:22", "end": "00:18:29", "text": "sure about a red. Um, but all right. Uh,"}, {"start": "00:18:27", "end": "00:18:31", "text": "this guy says, \"Oops, wrong sweep.\""}, {"start": "00:18:29", "end": "00:18:32", "text": "[laughter]"}, {"start": "00:18:31", "end": "00:18:33", "text": "I mean, how else are you going to get"}, {"start": "00:18:32", "end": "00:18:35", "text": "through the midterm year? I mean, the"}, {"start": "00:18:33", "end": "00:18:37", "text": "World Cup is is how you get through it."}, {"start": "00:18:35", "end": "00:18:40", "text": "All right. Uh, let's get to back to the"}, {"start": "00:18:37", "end": "00:18:42", "text": "boring questions. Um, Rob, you have a"}, {"start": "00:18:40", "end": "00:18:44", "text": "Clarity Act update."}, {"start": "00:18:42", "end": "00:18:47", "text": "Yeah, it's probably not going to pass."}, {"start": "00:18:44", "end": "00:18:49", "text": "Uh, what else you want to know"}, {"start": "00:18:47", "end": "00:18:50", "text": ">> ever or this year?"}, {"start": "00:18:49", "end": "00:18:51", "text": ">> No, just this year. I mean, I don't"}, {"start": "00:18:50", "end": "00:18:53", "text": "think it's going to happen right now"}, {"start": "00:18:51", "end": "00:18:54", "text": "because there's a because as a reminder"}, {"start": "00:18:53", "end": "00:18:56", "text": "everybody that we have to get a super"}, {"start": "00:18:54", "end": "00:18:58", "text": "majority of 6040 means a lot of"}, {"start": "00:18:56", "end": "00:18:59", "text": "Democrats have to come over and that's"}, {"start": "00:18:58", "end": "00:19:02", "text": "not going to happen. They want a"}, {"start": "00:18:59", "end": "00:19:04", "text": "provision which essentially gets out uh"}, {"start": "00:19:02", "end": "00:19:06", "text": "officials and their family members of"}, {"start": "00:19:04", "end": "00:19:09", "text": "trading uh digital assets in"}, {"start": "00:19:06", "end": "00:19:10", "text": "cryptocurrency. And as we just saw with"}, {"start": "00:19:09", "end": "00:19:13", "text": "Donald Trump, he made a couple of almost"}, {"start": "00:19:10", "end": "00:19:14", "text": "$1.4 4 billion off of that. So, I don't"}, {"start": "00:19:13", "end": "00:19:16", "text": "know if that's actually going to go"}, {"start": "00:19:14", "end": "00:19:17", "text": "through. So, I mean, good luck. I mean,"}, {"start": "00:19:16", "end": "00:19:18", "text": "if it does, it'll be a nice catalyst and"}, {"start": "00:19:17", "end": "00:19:22", "text": "that would change everything, but I just"}, {"start": "00:19:18", "end": "00:19:24", "text": "don't see it actually happening. Sorry."}, {"start": "00:19:22", "end": "00:19:26", "text": ">> No, I mean, I I mean, you got to say it"}, {"start": "00:19:24", "end": "00:19:27", "text": "like it is. Nick, do you have uh any any"}, {"start": "00:19:26", "end": "00:19:29", "text": "different view on that or you agree with"}, {"start": "00:19:27", "end": "00:19:31", "text": ">> I don't think that's very very well put."}, {"start": "00:19:29", "end": "00:19:33", "text": "I think that um unfortunately, that's"}, {"start": "00:19:31", "end": "00:19:35", "text": "the main sticking point. That's what"}, {"start": "00:19:33", "end": "00:19:37", "text": "it's going to be. Uh I think that they"}, {"start": "00:19:35", "end": "00:19:40", "text": "want they want some sort of ethics"}, {"start": "00:19:37", "end": "00:19:42", "text": "provision provisions in there and um it"}, {"start": "00:19:40", "end": "00:19:44", "text": "you know may have had bit more chance a"}, {"start": "00:19:42", "end": "00:19:46", "text": "few months ago but after that that"}, {"start": "00:19:44", "end": "00:19:48", "text": "disclosure of the uh of the profits made"}, {"start": "00:19:46", "end": "00:19:50", "text": "by Trump and his and his family from"}, {"start": "00:19:48", "end": "00:19:52", "text": "these from crypto ventures it's"}, {"start": "00:19:50", "end": "00:19:56", "text": "politically toxic to support this as a"}, {"start": "00:19:52", "end": "00:19:59", "text": "Democrat um if you if you don't have any"}, {"start": "00:19:56", "end": "00:20:01", "text": "sort of provisions that bar this and the"}, {"start": "00:19:59", "end": "00:20:03", "text": "only other question is would Trump and"}, {"start": "00:20:01", "end": "00:20:05", "text": "Kobe be willing to have those provisions"}, {"start": "00:20:03", "end": "00:20:08", "text": "in there and not be able to trade crypto"}, {"start": "00:20:05", "end": "00:20:09", "text": "and not be able to invest in crypto"}, {"start": "00:20:08", "end": "00:20:11", "text": "projects for the greater good of the"}, {"start": "00:20:09", "end": "00:20:13", "text": "crypto community to get this bill"}, {"start": "00:20:11", "end": "00:20:16", "text": "passed. I don't know. Is he a benevolent"}, {"start": "00:20:13", "end": "00:20:17", "text": "uh leader in that sense? We'll have to"}, {"start": "00:20:16", "end": "00:20:21", "text": "see, but I don't think so. I think it's"}, {"start": "00:20:17", "end": "00:20:22", "text": "unlikely. Um and probably not. Yeah, if"}, {"start": "00:20:21", "end": "00:20:24", "text": "it's not happening this year, what if"}, {"start": "00:20:22", "end": "00:20:26", "text": "Dems win the house? That's not"}, {"start": "00:20:24", "end": "00:20:28", "text": "happening."}, {"start": "00:20:26", "end": "00:20:30", "text": ">> Yeah, seems fair. What do you guys think"}, {"start": "00:20:28", "end": "00:20:32", "text": "about Sailor? I mean, that's the I think"}, {"start": "00:20:30", "end": "00:20:34", "text": "that's the biggest elephant in the room"}, {"start": "00:20:32", "end": "00:20:36", "text": "these days in crypto is sailor selling."}, {"start": "00:20:34", "end": "00:20:37", "text": "And, you know, I think there's a lot of"}, {"start": "00:20:36", "end": "00:20:39", "text": "people don't want to really talk about"}, {"start": "00:20:37", "end": "00:20:41", "text": "it, but I mean, look, it's happening."}, {"start": "00:20:39", "end": "00:20:44", "text": "It's it's it's certainly a strong"}, {"start": "00:20:41", "end": "00:20:47", "text": "narrative. Um, what do you guys think"}, {"start": "00:20:44", "end": "00:20:50", "text": "about it? I mean, is he is it seems like"}, {"start": "00:20:47", "end": "00:20:51", "text": "the public opinion is is somewhat"}, {"start": "00:20:50", "end": "00:20:52", "text": "changing and and some people are upset"}, {"start": "00:20:51", "end": "00:20:55", "text": "because they're like, \"What happened?"}, {"start": "00:20:52", "end": "00:20:56", "text": "Never sell.\" I I mean, I'm not going to"}, {"start": "00:20:55", "end": "00:20:58", "text": "criticize Sailor. I mean, if I if I'm"}, {"start": "00:20:56", "end": "00:20:59", "text": "willing to sell Bitcoin occasionally,"}, {"start": "00:20:58", "end": "00:21:01", "text": "why would I say someone else can't, you"}, {"start": "00:20:59", "end": "00:21:02", "text": "know? I mean, what do you guys think,"}, {"start": "00:21:01", "end": "00:21:05", "text": "though? Any I mean, either you can take"}, {"start": "00:21:02", "end": "00:21:06", "text": "it if you want,"}, {"start": "00:21:05", "end": "00:21:09", "text": ">> Nick."}, {"start": "00:21:06", "end": "00:21:11", "text": ">> Oh, okay. I mean, so it's definitely"}, {"start": "00:21:09", "end": "00:21:14", "text": "cleared some FUD to the extent that he's"}, {"start": "00:21:11", "end": "00:21:17", "text": "trying to do something. Uh, he was in a"}, {"start": "00:21:14", "end": "00:21:21", "text": "bit of a bind recently with of one MNAV"}, {"start": "00:21:17", "end": "00:21:23", "text": "for MST for the strategy was below one,"}, {"start": "00:21:21", "end": "00:21:25", "text": "which means any sort of issuance of uh"}, {"start": "00:21:23", "end": "00:21:27", "text": "common stock would be diluted. So that"}, {"start": "00:21:25", "end": "00:21:30", "text": "was a big problem. You the negative fly"}, {"start": "00:21:27", "end": "00:21:33", "text": "flywheel effect. Um stretch was trading"}, {"start": "00:21:30", "end": "00:21:36", "text": "considerably below par near um near near"}, {"start": "00:21:33", "end": "00:21:38", "text": "default um technically default levels."}, {"start": "00:21:36", "end": "00:21:40", "text": "So it was really killing the market and"}, {"start": "00:21:38", "end": "00:21:42", "text": "at least coming out with a plan. This"}, {"start": "00:21:40", "end": "00:21:45", "text": "Bitcoin monetization plan was something."}, {"start": "00:21:42", "end": "00:21:46", "text": "Uh and look, sell pressure is never"}, {"start": "00:21:45", "end": "00:21:48", "text": "good. And it's not the fact that that"}, {"start": "00:21:46", "end": "00:21:50", "text": "he's only not buying, but there's the"}, {"start": "00:21:48", "end": "00:21:51", "text": "potential sell pressure. We saw the 200"}, {"start": "00:21:50", "end": "00:21:54", "text": "something million that was sold on"}, {"start": "00:21:51", "end": "00:21:57", "text": "Monday. Uh but surprisingly Bitcoin kind"}, {"start": "00:21:54", "end": "00:21:59", "text": "of rallied out of that because it's a"}, {"start": "00:21:57", "end": "00:22:02", "text": "sense that they know in the monetization"}, {"start": "00:21:59", "end": "00:22:04", "text": "plan I think it was up to 1.25 billion"}, {"start": "00:22:02", "end": "00:22:07", "text": "that could be sold Bitcoin to buyback"}, {"start": "00:22:04", "end": "00:22:09", "text": "stretch and MSTR. Uh so that at least"}, {"start": "00:22:07", "end": "00:22:11", "text": "the market knows what the number is. Uh"}, {"start": "00:22:09", "end": "00:22:13", "text": "I think that he should just and this is"}, {"start": "00:22:11", "end": "00:22:16", "text": "what Gayscale has said as well just rip"}, {"start": "00:22:13", "end": "00:22:18", "text": "the band-aid off and sell and sell a"}, {"start": "00:22:16", "end": "00:22:20", "text": "stack of Bitcoin be a billy to get the"}, {"start": "00:22:18", "end": "00:22:23", "text": "cash you need to last through the bare"}, {"start": "00:22:20", "end": "00:22:26", "text": "market. Uh so I think that that could uh"}, {"start": "00:22:23", "end": "00:22:29", "text": "could alleviate some of the concerns. Uh"}, {"start": "00:22:26", "end": "00:22:31", "text": "but yeah, the optics optics are terrible"}, {"start": "00:22:29", "end": "00:22:34", "text": "definitely from the the saint sailor of"}, {"start": "00:22:31", "end": "00:22:35", "text": "Bitcoin accumulating and then and then"}, {"start": "00:22:34", "end": "00:22:36", "text": "now saying and not necessarily for"}, {"start": "00:22:35", "end": "00:22:38", "text": "people in the crypto space, but I think"}, {"start": "00:22:36", "end": "00:22:40", "text": "if you look at a lot of the trady media,"}, {"start": "00:22:38", "end": "00:22:42", "text": "the fact that you know he was saying"}, {"start": "00:22:40", "end": "00:22:45", "text": "that you never sell your Bitcoin and now"}, {"start": "00:22:42", "end": "00:22:46", "text": "he is and I think the data trade is just"}, {"start": "00:22:45", "end": "00:22:50", "text": "completely dead and we've got this"}, {"start": "00:22:46", "end": "00:22:52", "text": "overhang. So, I think it's still looking"}, {"start": "00:22:50", "end": "00:22:53", "text": "dicey. Um, we have to see what happens"}, {"start": "00:22:52", "end": "00:22:56", "text": "once he sold that. And one more point"}, {"start": "00:22:53", "end": "00:22:58", "text": "I'll add there as well is um in terms of"}, {"start": "00:22:56", "end": "00:22:59", "text": "the optics as well, I've heard on a few"}, {"start": "00:22:58", "end": "00:23:02", "text": "podcasts in terms of institutional"}, {"start": "00:22:59", "end": "00:23:04", "text": "players are less likely to want to buy"}, {"start": "00:23:02", "end": "00:23:06", "text": "because of the massive overhang. They"}, {"start": "00:23:04", "end": "00:23:08", "text": "say, \"Okay, I'll just wait to see what"}, {"start": "00:23:06", "end": "00:23:09", "text": "happens with strategy.\" But when you've"}, {"start": "00:23:08", "end": "00:23:13", "text": "got such a big potential seller in the"}, {"start": "00:23:09", "end": "00:23:14", "text": "market before I start buying. So, yeah,"}, {"start": "00:23:13", "end": "00:23:16", "text": "that's it's not it's not looking too"}, {"start": "00:23:14", "end": "00:23:18", "text": "good right now."}, {"start": "00:23:16", "end": "00:23:20", "text": ">> Yeah. Didn't he he there were a couple"}, {"start": "00:23:18", "end": "00:23:21", "text": "of cells, right? Wasn't there a smaller"}, {"start": "00:23:20", "end": "00:23:23", "text": "one like a few weeks ago and then just"}, {"start": "00:23:21", "end": "00:23:25", "text": "another a larger one? You Rob, you think"}, {"start": "00:23:23", "end": "00:23:27", "text": "he's building up to a big one?"}, {"start": "00:23:25", "end": "00:23:29", "text": ">> I mean, that was that was quite a bit,"}, {"start": "00:23:27", "end": "00:23:33", "text": "but I mean like like Nick was talking"}, {"start": "00:23:29", "end": "00:23:36", "text": "about, uh they still do own like 830,000"}, {"start": "00:23:33", "end": "00:23:38", "text": "plus Bitcoin. So, even though they sold"}, {"start": "00:23:36", "end": "00:23:40", "text": "I think it was 3,000 over the last two"}, {"start": "00:23:38", "end": "00:23:42", "text": "weeks or so, that's still not too much."}, {"start": "00:23:40", "end": "00:23:44", "text": "But I but I will say that I mean, as far"}, {"start": "00:23:42", "end": "00:23:47", "text": "as like is it getting ready to to sell"}, {"start": "00:23:44", "end": "00:23:49", "text": "even more? There was a there was a a"}, {"start": "00:23:47", "end": "00:23:52", "text": "graphic that was put up and it talked"}, {"start": "00:23:49", "end": "00:23:55", "text": "about the uh annualized rate of return"}, {"start": "00:23:52", "end": "00:23:57", "text": "for for Bitcoin and Stretch. They said"}, {"start": "00:23:55", "end": "00:24:00", "text": "that for what they just sold or what"}, {"start": "00:23:57", "end": "00:24:04", "text": "they have right now, they can do a break"}, {"start": "00:24:00", "end": "00:24:07", "text": "even to cover everything for essentially"}, {"start": "00:24:04", "end": "00:24:09", "text": "over 31 years. And if it goes up by and"}, {"start": "00:24:07", "end": "00:24:12", "text": "that's at if Bitcoin has no rate of"}, {"start": "00:24:09", "end": "00:24:14", "text": "return of 0% for 31 years. If it goes up"}, {"start": "00:24:12", "end": "00:24:17", "text": "just 3.3% it's essentially goes out to"}, {"start": "00:24:14", "end": "00:24:19", "text": "infinity. So like with these these"}, {"start": "00:24:17", "end": "00:24:21", "text": "things that are going on I I I don't"}, {"start": "00:24:19", "end": "00:24:23", "text": "think it's as big as a deal as people"}, {"start": "00:24:21", "end": "00:24:26", "text": "make it out to be. But the big thing was"}, {"start": "00:24:23", "end": "00:24:29", "text": "and Ben you"}, {"start": "00:24:26", "end": "00:24:31", "text": "what you said was I can't fault Sailor"}, {"start": "00:24:29", "end": "00:24:32", "text": "for selling Bitcoin because I sell"}, {"start": "00:24:31", "end": "00:24:34", "text": "Bitcoin. The difference is is that you"}, {"start": "00:24:32", "end": "00:24:36", "text": "never on your channel or on Coin"}, {"start": "00:24:34", "end": "00:24:38", "text": "Bureau's channel or my channel have ever"}, {"start": "00:24:36", "end": "00:24:41", "text": "said you never sell your Bitcoin. You"}, {"start": "00:24:38", "end": "00:24:43", "text": "hold on forever and then you know weeks"}, {"start": "00:24:41", "end": "00:24:47", "text": "later, months later, years later say,"}, {"start": "00:24:43", "end": "00:24:50", "text": "\"Okay, so sorry. Rules for the"}, {"start": "00:24:47", "end": "00:24:52", "text": "rules for me, not May I add, Robert,"}, {"start": "00:24:50", "end": "00:24:53", "text": "it's not only that is that you should um"}, {"start": "00:24:52", "end": "00:24:55", "text": "you should try and take out debt,"}, {"start": "00:24:53", "end": "00:24:56", "text": "mortgage your house, and potentially"}, {"start": "00:24:55", "end": "00:24:57", "text": "sell your kidney if you want to buy more"}, {"start": "00:24:56", "end": "00:24:59", "text": "Bitcoin.\""}, {"start": "00:24:57", "end": "00:25:00", "text": ">> Exactly. You know, you know, when he"}, {"start": "00:24:59", "end": "00:25:02", "text": "said that, that was that was when he he"}, {"start": "00:25:00", "end": "00:25:04", "text": "came on my channel for the first time is"}, {"start": "00:25:02", "end": "00:25:06", "text": "he he put out a tweet saying that you"}, {"start": "00:25:04", "end": "00:25:07", "text": "should like take out a mortgage, a"}, {"start": "00:25:06", "end": "00:25:09", "text": "second mortgage to to buy Bitcoin. This"}, {"start": "00:25:07", "end": "00:25:11", "text": "is back in 2021."}, {"start": "00:25:09", "end": "00:25:12", "text": ">> And I said that was a really dumb idea."}, {"start": "00:25:11", "end": "00:25:14", "text": "And then he said he wanted to come talk"}, {"start": "00:25:12", "end": "00:25:16", "text": "about it on my stream and then we talked"}, {"start": "00:25:14", "end": "00:25:19", "text": "about it and I still don't agree. I"}, {"start": "00:25:16", "end": "00:25:20", "text": "mean, I I think too like institutions"}, {"start": "00:25:19", "end": "00:25:24", "text": "and retail are very different, right?"}, {"start": "00:25:20", "end": "00:25:26", "text": "So, like if a if if a like if a retail"}, {"start": "00:25:24", "end": "00:25:27", "text": "trader took out a second mortgage and"}, {"start": "00:25:26", "end": "00:25:30", "text": "then Bitcoin crashed, which it did back"}, {"start": "00:25:27", "end": "00:25:31", "text": "then in 2022, like that could have wiped"}, {"start": "00:25:30", "end": "00:25:33", "text": "them out, right? They might not have had"}, {"start": "00:25:31", "end": "00:25:34", "text": "the capital to survive all that and then"}, {"start": "00:25:33", "end": "00:25:37", "text": "and then wait for the next bull market."}, {"start": "00:25:34", "end": "00:25:39", "text": "Whereas institutions can often survive"}, {"start": "00:25:37", "end": "00:25:41", "text": "it because they have the capital to sort"}, {"start": "00:25:39", "end": "00:25:43", "text": "of wait it out, which a lot of smaller"}, {"start": "00:25:41", "end": "00:25:45", "text": "players don't necessarily have. I don't"}, {"start": "00:25:43", "end": "00:25:47", "text": "know. So, I mean, I I mean, I' I'd be"}, {"start": "00:25:45", "end": "00:25:49", "text": "lying if I I mean, I don't think it's"}, {"start": "00:25:47", "end": "00:25:51", "text": "the best optics for Bitcoin that like"}, {"start": "00:25:49", "end": "00:25:53", "text": "the biggest buyer has become a seller."}, {"start": "00:25:51", "end": "00:25:55", "text": "Um,"}, {"start": "00:25:53", "end": "00:25:57", "text": ">> I don't I mean,"}, {"start": "00:25:55", "end": "00:25:59", "text": ">> it's crazy that in terms of the polarity"}, {"start": "00:25:57", "end": "00:26:02", "text": "as, you know, the contrast between him"}, {"start": "00:25:59", "end": "00:26:04", "text": "selling some, but then I've Tom Lee is"}, {"start": "00:26:02", "end": "00:26:04", "text": "still out there buying Ethereum."}, {"start": "00:26:04", "end": "00:26:05", "text": "[laughter]"}, {"start": "00:26:04", "end": "00:26:06", "text": ">> That's right."}, {"start": "00:26:05", "end": "00:26:08", "text": ">> Yeah."}, {"start": "00:26:06", "end": "00:26:09", "text": ">> Still buying ETH. I'm like, what?"}, {"start": "00:26:08", "end": "00:26:11", "text": ">> I got to tell you, I mean, some of like"}, {"start": "00:26:09", "end": "00:26:13", "text": "the worst price predictions of all time,"}, {"start": "00:26:11", "end": "00:26:15", "text": "but I'll hand it to Tom. he keeps buying"}, {"start": "00:26:13", "end": "00:26:16", "text": "Bitcoin and he's going to go through and"}, {"start": "00:26:15", "end": "00:26:17", "text": "he'll he'll probably do great because"}, {"start": "00:26:16", "end": "00:26:19", "text": "he's buying in the bare market which is"}, {"start": "00:26:17", "end": "00:26:21", "text": "what everybody's supposed to do. Not"}, {"start": "00:26:19", "end": "00:26:22", "text": "financial advice, but that's usually"}, {"start": "00:26:21", "end": "00:26:23", "text": "when when people make make the most most"}, {"start": "00:26:22", "end": "00:26:26", "text": "money. I think Tom's going to come out"}, {"start": "00:26:23", "end": "00:26:27", "text": "ahead. I feel like Sailor if he just"}, {"start": "00:26:26", "end": "00:26:29", "text": "kept with the strategy of just buying"}, {"start": "00:26:27", "end": "00:26:30", "text": "Bitcoin, but I feel then he launched"}, {"start": "00:26:29", "end": "00:26:32", "text": "like all these different like financial"}, {"start": "00:26:30", "end": "00:26:33", "text": "products and they're all like"}, {"start": "00:26:32", "end": "00:26:35", "text": "intertwined and like I just feel like"}, {"start": "00:26:33", "end": "00:26:39", "text": "he's he's overco complicated it so much"}, {"start": "00:26:35", "end": "00:26:42", "text": "and and now I mean look I've said it for"}, {"start": "00:26:39", "end": "00:26:43", "text": "for years that strategy over a long"}, {"start": "00:26:42", "end": "00:26:44", "text": "enough period of time will likely"}, {"start": "00:26:43", "end": "00:26:46", "text": "underperform Bitcoin. And maybe the"}, {"start": "00:26:44", "end": "00:26:48", "text": "reason they underperform Bitcoin is"}, {"start": "00:26:46", "end": "00:26:50", "text": "because they're forced to sell Bitcoin"}, {"start": "00:26:48", "end": "00:26:53", "text": "to to uh make sure they can pay"}, {"start": "00:26:50", "end": "00:26:54", "text": "shareholders. I don't know. One last"}, {"start": "00:26:53", "end": "00:26:56", "text": "question because I saw it in the chat."}, {"start": "00:26:54", "end": "00:26:58", "text": "Nick, I want your answer on this one."}, {"start": "00:26:56", "end": "00:27:01", "text": "Okay. I know Rob, you don't care because"}, {"start": "00:26:58", "end": "00:27:03", "text": "I I I feel very strongly about this."}, {"start": "00:27:01", "end": "00:27:06", "text": ">> What's your thoughts on the Croatia"}, {"start": "00:27:03", "end": "00:27:07", "text": "offsides call? Did you watch that game?"}, {"start": "00:27:06", "end": "00:27:11", "text": ">> I did not watch that game,"}, {"start": "00:27:07", "end": "00:27:15", "text": "unfortunately. So, what happened was um"}, {"start": "00:27:11", "end": "00:27:17", "text": "uh Croatia at at the very end the the"}, {"start": "00:27:15", "end": "00:27:21", "text": "guy passed the ball into the box and it"}, {"start": "00:27:17", "end": "00:27:24", "text": "like swiped by someone's hair on on"}, {"start": "00:27:21", "end": "00:27:26", "text": "Croatia's team. Then Croatia got a goal"}, {"start": "00:27:24", "end": "00:27:29", "text": "from that from a guy that would have"}, {"start": "00:27:26", "end": "00:27:32", "text": "been off sides um from that point. So,"}, {"start": "00:27:29", "end": "00:27:36", "text": "they scored. Now, when you watch it, you"}, {"start": "00:27:32", "end": "00:27:37", "text": "cannot tell that the ball is um like you"}, {"start": "00:27:36", "end": "00:27:40", "text": "can't tell that the ball is changes"}, {"start": "00:27:37", "end": "00:27:42", "text": "direction, but they use V to overturn"}, {"start": "00:27:40", "end": "00:27:44", "text": "it. I thought it was egregious. Uh but"}, {"start": "00:27:42", "end": "00:27:46", "text": "we got to get going anyways."}, {"start": "00:27:44", "end": "00:27:47", "text": ">> I I believe Yeah, I did catch the"}, {"start": "00:27:46", "end": "00:27:49", "text": "replays of that and that was crazy. That"}, {"start": "00:27:47", "end": "00:27:51", "text": "was crazy. I mean, I feel so bad for"}, {"start": "00:27:49", "end": "00:27:52", "text": "Croatia because also the one of the star"}, {"start": "00:27:51", "end": "00:27:54", "text": "players, it was probably his last game"}, {"start": "00:27:52", "end": "00:27:55", "text": "as well potentially in the World Cup."}, {"start": "00:27:54", "end": "00:27:57", "text": ">> Yeah."}, {"start": "00:27:55", "end": "00:27:58", "text": ">> All right, guys. I gotta run. It was"}, {"start": "00:27:57", "end": "00:28:00", "text": "great to have you here. If you guys"}, {"start": "00:27:58", "end": "00:28:03", "text": "aren't subscribed to Rob or Nick, make"}, {"start": "00:28:00", "end": "00:28:04", "text": "sure you guys subscribe. Um, and I will"}, {"start": "00:28:03", "end": "00:28:07", "text": "see you guys. We'll see you guys next"}, {"start": "00:28:04", "end": "00:28:07", "text": "week on Rob's channel. Cheers, guys."}, {"start": "00:28:07", "end": "00:28:10", "text": "Adios."}, {"start": "00:28:07", "end": "00:28:10", "text": ">> Thanks for having me, Ben. Cheers."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone, and thanks for jumping"}, {"start": "00:00:02", "end": "00:00:06", "text": "back into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:08", "text": "Today, we're going to talk about"}, {"start": "00:00:06", "end": "00:00:11", "text": "Bitcoin, and we're going to discuss the"}, {"start": "00:00:08", "end": "00:00:15", "text": "brief window of weakness that often"}, {"start": "00:00:11", "end": "00:00:18", "text": "occurs in July of midterm years after a"}, {"start": "00:00:15", "end": "00:00:20", "text": "pretty brutal uh beat down in the price"}, {"start": "00:00:18", "end": "00:00:22", "text": "of Bitcoin going into in a late June. If"}, {"start": "00:00:20", "end": "00:00:23", "text": "you guys like the content, make sure you"}, {"start": "00:00:22", "end": "00:00:25", "text": "subscribe to the channel, give the video"}, {"start": "00:00:23", "end": "00:00:28", "text": "a thumbs up, and also check out the sale"}, {"start": "00:00:25", "end": "00:00:30", "text": "on Into the Cryptoverse Premium"}, {"start": "00:00:28", "end": "00:00:31", "text": "at intothecryptoverse.com."}, {"start": "00:00:30", "end": "00:00:33", "text": "And also, as I've said previously as"}, {"start": "00:00:31", "end": "00:00:35", "text": "well,"}, {"start": "00:00:33", "end": "00:00:38", "text": "make sure you guys check out the first"}, {"start": "00:00:35", "end": "00:00:40", "text": "ITC conference. Link to that will be in"}, {"start": "00:00:38", "end": "00:00:42", "text": "the description below."}, {"start": "00:00:40", "end": "00:00:43", "text": "Let's go ahead and jump in. So, we've"}, {"start": "00:00:42", "end": "00:00:45", "text": "put out a lot of videos on this, the"}, {"start": "00:00:43", "end": "00:00:48", "text": "4-year cycle and and how the simulation"}, {"start": "00:00:45", "end": "00:00:50", "text": "is confirmed, but basically it's sort of"}, {"start": "00:00:48", "end": "00:00:53", "text": "tied around the idea that"}, {"start": "00:00:50", "end": "00:00:56", "text": "you know, like June, late June, early"}, {"start": "00:00:53", "end": "00:00:58", "text": "July often marks the low in the market."}, {"start": "00:00:56", "end": "00:01:01", "text": "You can see June of 2022 and and of"}, {"start": "00:00:58", "end": "00:01:03", "text": "course June of 2018."}, {"start": "00:01:01", "end": "00:01:04", "text": "And then what often happens is you get"}, {"start": "00:01:03", "end": "00:01:07", "text": "some type of"}, {"start": "00:01:04", "end": "00:01:10", "text": "counter move out of it that then tops"}, {"start": "00:01:07", "end": "00:01:14", "text": "out in like late July"}, {"start": "00:01:10", "end": "00:01:14", "text": "or in like mid-August."}, {"start": "00:01:14", "end": "00:01:17", "text": "That's just what happens, right? That's"}, {"start": "00:01:15", "end": "00:01:18", "text": "just what happens."}, {"start": "00:01:17", "end": "00:01:22", "text": "And"}, {"start": "00:01:18", "end": "00:01:24", "text": "la- in in 2018, we had a brief move up,"}, {"start": "00:01:22", "end": "00:01:27", "text": "and then we had like a a down week, and"}, {"start": "00:01:24", "end": "00:01:28", "text": "then in in sort of like mid-July going"}, {"start": "00:01:27", "end": "00:01:30", "text": "into around the time the inflation"}, {"start": "00:01:28", "end": "00:01:32", "text": "report came out, and then a larger move"}, {"start": "00:01:30", "end": "00:01:35", "text": "on the other side"}, {"start": "00:01:32", "end": "00:01:36", "text": "of or sorry, in the back half of July,"}, {"start": "00:01:35", "end": "00:01:40", "text": "and ultimately it basically just got"}, {"start": "00:01:36", "end": "00:01:42", "text": "rejected around the 21-week EMA, 20-week"}, {"start": "00:01:40", "end": "00:01:44", "text": "SMA. So,"}, {"start": "00:01:42", "end": "00:01:46", "text": "if you actually go to the daily time"}, {"start": "00:01:44", "end": "00:01:48", "text": "frame, you can see that it was rejected"}, {"start": "00:01:46", "end": "00:01:50", "text": "by the 200-day moving average uh back"}, {"start": "00:01:48", "end": "00:01:53", "text": "then as well."}, {"start": "00:01:50", "end": "00:01:55", "text": "So, you had the rejection at uh in May"}, {"start": "00:01:53", "end": "00:01:58", "text": "of 2018, and then you had the rejection"}, {"start": "00:01:55", "end": "00:02:01", "text": "in July of 2018. And then basically all"}, {"start": "00:01:58", "end": "00:02:04", "text": "the gains that Bitcoin had in July were"}, {"start": "00:02:01", "end": "00:02:06", "text": "just given back in August in 2018. And"}, {"start": "00:02:04", "end": "00:02:08", "text": "then also in 2022, the same thing,"}, {"start": "00:02:06", "end": "00:02:12", "text": "right? There were some gains that to be"}, {"start": "00:02:08", "end": "00:02:13", "text": "had in in July and and August in mid"}, {"start": "00:02:12", "end": "00:02:15", "text": "going into mid-August and then all those"}, {"start": "00:02:13", "end": "00:02:18", "text": "gains were essentially just given back"}, {"start": "00:02:15", "end": "00:02:19", "text": "in August and September."}, {"start": "00:02:18", "end": "00:02:21", "text": "So, it's important to remember that the"}, {"start": "00:02:19", "end": "00:02:24", "text": "4-year cycle does not say that the"}, {"start": "00:02:21", "end": "00:02:26", "text": "market goes down only. What it says is"}, {"start": "00:02:24", "end": "00:02:27", "text": "that there's a window of weakness in"}, {"start": "00:02:26", "end": "00:02:28", "text": "mid-term years where major lows tend to"}, {"start": "00:02:27", "end": "00:02:30", "text": "occur."}, {"start": "00:02:28", "end": "00:02:33", "text": "And and that within that window of"}, {"start": "00:02:30", "end": "00:02:35", "text": "weakness, you can have sort of brief"}, {"start": "00:02:33", "end": "00:02:36", "text": "pockets of strength."}, {"start": "00:02:35", "end": "00:02:39", "text": "And one of the ways to visualize that is"}, {"start": "00:02:36", "end": "00:02:42", "text": "to look at monthly returns of Bitcoin in"}, {"start": "00:02:39", "end": "00:02:44", "text": "July and see that a lot of times July is"}, {"start": "00:02:42", "end": "00:02:45", "text": "in fact a green month. It doesn't have"}, {"start": "00:02:44", "end": "00:02:48", "text": "to be, right? I mean, maybe this cycle"}, {"start": "00:02:45", "end": "00:02:50", "text": "will throw us a curveball, but"}, {"start": "00:02:48", "end": "00:02:53", "text": "if you look at 2022, Bitcoin went up"}, {"start": "00:02:50", "end": "00:02:54", "text": "about 19 to 20% in July."}, {"start": "00:02:53", "end": "00:02:58", "text": "And if you look at 2018, it went up"}, {"start": "00:02:54", "end": "00:03:02", "text": "about 38% in July. 2014, it was red,"}, {"start": "00:02:58", "end": "00:03:05", "text": "right? About -5%. But on average,"}, {"start": "00:03:02", "end": "00:03:08", "text": "Bitcoin goes up about 9% in July. Of"}, {"start": "00:03:05", "end": "00:03:10", "text": "course, plus or minus 15 to 16%. So, not"}, {"start": "00:03:08", "end": "00:03:13", "text": "super statistically significant, but it"}, {"start": "00:03:10", "end": "00:03:15", "text": "does show you, you know, and one of the"}, {"start": "00:03:13", "end": "00:03:16", "text": "reasons is cuz you're we're using some"}, {"start": "00:03:15", "end": "00:03:18", "text": "of the years going all the way back to"}, {"start": "00:03:16", "end": "00:03:22", "text": "2012. If we were to calculate this"}, {"start": "00:03:18", "end": "00:03:23", "text": "average just say from say like 2014, it"}, {"start": "00:03:22", "end": "00:03:26", "text": "kind of narrows that down a little bit,"}, {"start": "00:03:23", "end": "00:03:28", "text": "8.2% plus or minus 13.6."}, {"start": "00:03:26", "end": "00:03:29", "text": "Um"}, {"start": "00:03:28", "end": "00:03:33", "text": "But what you'll see as well is that in"}, {"start": "00:03:29", "end": "00:03:36", "text": "2018 and 2022, June was was red, just"}, {"start": "00:03:33", "end": "00:03:39", "text": "like it was in 2026. And then you had a"}, {"start": "00:03:36", "end": "00:03:41", "text": "a green July, and then August and"}, {"start": "00:03:39", "end": "00:03:43", "text": "September, so if you look at 2022,"}, {"start": "00:03:41", "end": "00:03:45", "text": "August and September were both red. If"}, {"start": "00:03:43", "end": "00:03:48", "text": "you look at 2018, August and September"}, {"start": "00:03:45", "end": "00:03:52", "text": "were also both red. And in 2014, where"}, {"start": "00:03:48", "end": "00:03:55", "text": "you had a red July, August and September"}, {"start": "00:03:52", "end": "00:03:57", "text": "were in fact still red. Now, we had"}, {"start": "00:03:55", "end": "00:03:58", "text": "there was this announcement this morning"}, {"start": "00:03:57", "end": "00:04:00", "text": "that you know, strategy sold some more"}, {"start": "00:03:58", "end": "00:04:02", "text": "Bitcoin."}, {"start": "00:04:00", "end": "00:04:04", "text": "And we had this wick all the way down"}, {"start": "00:04:02", "end": "00:04:07", "text": "here, but the fact that we got it back"}, {"start": "00:04:04", "end": "00:04:09", "text": "so quickly kind of shows you where that"}, {"start": "00:04:07", "end": "00:04:10", "text": "seasonal strength that the seasonal"}, {"start": "00:04:09", "end": "00:04:12", "text": "strength is there. That doesn't mean"}, {"start": "00:04:10", "end": "00:04:14", "text": "that you won't eventually get a larger"}, {"start": "00:04:12", "end": "00:04:16", "text": "drop and form a higher low. If you go"}, {"start": "00:04:14", "end": "00:04:18", "text": "back and look at at 2018, that's"}, {"start": "00:04:16", "end": "00:04:23", "text": "actually what happened, right? We had an"}, {"start": "00:04:18", "end": "00:04:23", "text": "initial move off of 5700."}, {"start": "00:04:23", "end": "00:04:30", "text": "Coincidentally, right? Off of 5700, we"}, {"start": "00:04:26", "end": "00:04:33", "text": "had a rally up to about like 67, 68 K or"}, {"start": "00:04:30", "end": "00:04:35", "text": "6800. We came back down"}, {"start": "00:04:33", "end": "00:04:38", "text": "uh to form a macro higher low in"}, {"start": "00:04:35", "end": "00:04:40", "text": "mid-July, okay? And then in that maybe"}, {"start": "00:04:38", "end": "00:04:43", "text": "not a macro higher low, but sort of you"}, {"start": "00:04:40", "end": "00:04:45", "text": "had a low, you had a higher low, and"}, {"start": "00:04:43", "end": "00:04:50", "text": "then you swept that low."}, {"start": "00:04:45", "end": "00:04:51", "text": "You swept the higher low in August. So,"}, {"start": "00:04:50", "end": "00:04:53", "text": "I know it's not like we have a ton of"}, {"start": "00:04:51", "end": "00:04:55", "text": "data points, but look, the simulation"}, {"start": "00:04:53", "end": "00:04:57", "text": "continues to repeat itself. If it wants"}, {"start": "00:04:55", "end": "00:04:59", "text": "to do something else, that's fine. I'm"}, {"start": "00:04:57", "end": "00:05:00", "text": "not saying you need to your base your"}, {"start": "00:04:59", "end": "00:05:02", "text": "investing strategy around it. As I've"}, {"start": "00:05:00", "end": "00:05:04", "text": "said previously, DCA'ing Bitcoin in the"}, {"start": "00:05:02", "end": "00:05:05", "text": "second half of mid-term years is"}, {"start": "00:05:04", "end": "00:05:06", "text": "normally the way to go."}, {"start": "00:05:05", "end": "00:05:10", "text": "Uh and one of the reasons for that is"}, {"start": "00:05:06", "end": "00:05:12", "text": "you get these periods of strength"}, {"start": "00:05:10", "end": "00:05:13", "text": "that can happen that would could easily"}, {"start": "00:05:12", "end": "00:05:16", "text": "make a lot of people sort of FOMO in"}, {"start": "00:05:13", "end": "00:05:18", "text": "late only then sell the local top. I'm"}, {"start": "00:05:16", "end": "00:05:22", "text": "sure there's a lot of people that sold"}, {"start": "00:05:18", "end": "00:05:25", "text": "Bitcoin, you know, at the November low"}, {"start": "00:05:22", "end": "00:05:27", "text": "only to then buy it back at the January"}, {"start": "00:05:25", "end": "00:05:29", "text": "high. All right? I'm sure."}, {"start": "00:05:27", "end": "00:05:31", "text": "And then to sell it again at the"}, {"start": "00:05:29", "end": "00:05:34", "text": "February low only to buy it back"}, {"start": "00:05:31", "end": "00:05:35", "text": "at the May high. So, you got to make"}, {"start": "00:05:34", "end": "00:05:38", "text": "sure you don't fall into that trap"}, {"start": "00:05:35", "end": "00:05:40", "text": "because it's really easy to. And"}, {"start": "00:05:38", "end": "00:05:42", "text": "what I've noticed is that every single"}, {"start": "00:05:40", "end": "00:05:44", "text": "time we get these countertrend rallies,"}, {"start": "00:05:42", "end": "00:05:45", "text": "a lot of people get really upset and"}, {"start": "00:05:44", "end": "00:05:47", "text": "then they sort of they attack anyone"}, {"start": "00:05:45", "end": "00:05:49", "text": "that was talking about the four-year"}, {"start": "00:05:47", "end": "00:05:51", "text": "cycle and and the bear market, but then"}, {"start": "00:05:49", "end": "00:05:53", "text": "you kind of fast forward to the next"}, {"start": "00:05:51", "end": "00:05:55", "text": "window of weakness and then it no one"}, {"start": "00:05:53", "end": "00:05:59", "text": "really cares anymore. Like, oh well,"}, {"start": "00:05:55", "end": "00:06:00", "text": "well, okay. Fine, it it played out. So,"}, {"start": "00:05:59", "end": "00:06:02", "text": "I think it's important to just kind of"}, {"start": "00:06:00", "end": "00:06:05", "text": "recognize that throughout midterm years"}, {"start": "00:06:02", "end": "00:06:07", "text": "there's like windows of weakness"}, {"start": "00:06:05", "end": "00:06:09", "text": "and windows of strength. The entire"}, {"start": "00:06:07", "end": "00:06:12", "text": "midterm year typically is a window of"}, {"start": "00:06:09", "end": "00:06:14", "text": "weakness, but you can still have brief"}, {"start": "00:06:12", "end": "00:06:16", "text": "counter moves and if you look at how it"}, {"start": "00:06:14", "end": "00:06:19", "text": "played out in 2018, Bitcoin essentially"}, {"start": "00:06:16", "end": "00:06:22", "text": "stayed weak until July and once July was"}, {"start": "00:06:19", "end": "00:06:24", "text": "here, it had a brief counter trend move,"}, {"start": "00:06:22", "end": "00:06:26", "text": "got a pullback, and then it had a larger"}, {"start": "00:06:24", "end": "00:06:29", "text": "move back up to near that 200-day moving"}, {"start": "00:06:26", "end": "00:06:32", "text": "average. Now, right now, the 200-day"}, {"start": "00:06:29", "end": "00:06:35", "text": "moving average is currently"}, {"start": "00:06:32", "end": "00:06:37", "text": "uh at around 74K. But again, it is"}, {"start": "00:06:35", "end": "00:06:41", "text": "moving down relatively quickly and"}, {"start": "00:06:37", "end": "00:06:42", "text": "arguably, you know, within the next uh"}, {"start": "00:06:41", "end": "00:06:44", "text": "couple of weeks, I'm going to say by by"}, {"start": "00:06:42", "end": "00:06:47", "text": "late July, the 200-day moving average"}, {"start": "00:06:44", "end": "00:06:50", "text": "will probably be just north of 70K. By"}, {"start": "00:06:47", "end": "00:06:52", "text": "mid-August, it'll probably be at 70K."}, {"start": "00:06:50", "end": "00:06:53", "text": "So,"}, {"start": "00:06:52", "end": "00:06:55", "text": "we've talked before about Bitcoin"}, {"start": "00:06:53", "end": "00:06:57", "text": "essentially being stuck between like a"}, {"start": "00:06:55", "end": "00:07:00", "text": "rock and a hard place. What I mean by"}, {"start": "00:06:57", "end": "00:07:02", "text": "that is that it's kind of in between"}, {"start": "00:07:00", "end": "00:07:05", "text": "the 200-week moving average and then"}, {"start": "00:07:02", "end": "00:07:07", "text": "also that bear market resistance band."}, {"start": "00:07:05", "end": "00:07:08", "text": "And I think it's going to be forced to"}, {"start": "00:07:07", "end": "00:07:11", "text": "make a decision"}, {"start": "00:07:08", "end": "00:07:13", "text": "a little bit later this year."}, {"start": "00:07:11", "end": "00:07:15", "text": "That's what I think is And by the way, I"}, {"start": "00:07:13", "end": "00:07:19", "text": "mean even in 2022, you can see we came"}, {"start": "00:07:15", "end": "00:07:21", "text": "below the 200-week moving average,"}, {"start": "00:07:19", "end": "00:07:23", "text": "uh got a little bit of a bounce, came"}, {"start": "00:07:21", "end": "00:07:25", "text": "down again, and then got a larger move"}, {"start": "00:07:23", "end": "00:07:27", "text": "up into into July and August before then"}, {"start": "00:07:25", "end": "00:07:30", "text": "coming back down, and then putting in"}, {"start": "00:07:27", "end": "00:07:31", "text": "the final market cycle bottom."}, {"start": "00:07:30", "end": "00:07:33", "text": "Same thing, right? You drop. The only"}, {"start": "00:07:31", "end": "00:07:35", "text": "difference is the next low was a"}, {"start": "00:07:33", "end": "00:07:36", "text": "slightly lower low. Again, windows of"}, {"start": "00:07:35", "end": "00:07:39", "text": "weakness and windows of strength do not"}, {"start": "00:07:36", "end": "00:07:41", "text": "tell you exactly when the low is. It"}, {"start": "00:07:39", "end": "00:07:42", "text": "just tells you or it doesn't tell you"}, {"start": "00:07:41", "end": "00:07:43", "text": "what the low is or whether it'll be a"}, {"start": "00:07:42", "end": "00:07:46", "text": "higher low or lower low. It just tells"}, {"start": "00:07:43", "end": "00:07:48", "text": "you when it should occur. So, you can"}, {"start": "00:07:46", "end": "00:07:50", "text": "see how it played out in in 2022. You"}, {"start": "00:07:48", "end": "00:07:53", "text": "had a low in June and then a higher low"}, {"start": "00:07:50", "end": "00:07:56", "text": "in early July. This time it was a lower"}, {"start": "00:07:53", "end": "00:07:58", "text": "low in early July. But, the window of"}, {"start": "00:07:56", "end": "00:07:59", "text": "weakness was still the same, right? It"}, {"start": "00:07:58", "end": "00:08:01", "text": "was still the same. You had sort of a"}, {"start": "00:07:59", "end": "00:08:03", "text": "wick down in June,"}, {"start": "00:08:01", "end": "00:08:05", "text": "a wick down in June, and then a slightly"}, {"start": "00:08:03", "end": "00:08:08", "text": "higher low. This time it was a slightly"}, {"start": "00:08:05", "end": "00:08:10", "text": "lower low in early July both times. And"}, {"start": "00:08:08", "end": "00:08:12", "text": "then what happened back then is we"}, {"start": "00:08:10", "end": "00:08:15", "text": "rallied on up"}, {"start": "00:08:12", "end": "00:08:17", "text": "into like late July, mid-August."}, {"start": "00:08:15", "end": "00:08:19", "text": "See that?"}, {"start": "00:08:17", "end": "00:08:22", "text": "Came back down and then eventually set"}, {"start": "00:08:19", "end": "00:08:24", "text": "our market cycle bottom in the fourth"}, {"start": "00:08:22", "end": "00:08:26", "text": "quarter. So, you know, as far as I'm"}, {"start": "00:08:24", "end": "00:08:28", "text": "concerned, the cycle continues to play"}, {"start": "00:08:26", "end": "00:08:30", "text": "out. I know there's going to always be"}, {"start": "00:08:28", "end": "00:08:32", "text": "mental gymnastics, just as I said for"}, {"start": "00:08:30", "end": "00:08:34", "text": "the first half of this year, right? I'm"}, {"start": "00:08:32", "end": "00:08:35", "text": "not saying you can't buy Bitcoin, right?"}, {"start": "00:08:34", "end": "00:08:37", "text": "It usually just DCA'ing in the second"}, {"start": "00:08:35", "end": "00:08:41", "text": "half of the mid-term year is the right"}, {"start": "00:08:37", "end": "00:08:42", "text": "strategy. My point is is is this stuff"}, {"start": "00:08:41", "end": "00:08:45", "text": "continues to play out in the way it has"}, {"start": "00:08:42", "end": "00:08:46", "text": "pre has previously. I'm not saying it's"}, {"start": "00:08:45", "end": "00:08:48", "text": "a perfect science, but it's the best we"}, {"start": "00:08:46", "end": "00:08:49", "text": "have, right? It's the best we have in"}, {"start": "00:08:48", "end": "00:08:51", "text": "terms of trying to understand what"}, {"start": "00:08:49", "end": "00:08:52", "text": "things are, you know, what's actually"}, {"start": "00:08:51", "end": "00:08:54", "text": "going to happen and what is the most"}, {"start": "00:08:52", "end": "00:08:56", "text": "likely outcome."}, {"start": "00:08:54", "end": "00:08:58", "text": "And, you know, throughout counter-trend"}, {"start": "00:08:56", "end": "00:09:00", "text": "rallies that we had late last year and"}, {"start": "00:08:58", "end": "00:09:02", "text": "even going into May of this year, there"}, {"start": "00:09:00", "end": "00:09:04", "text": "were all sorts of mental gymnastics"}, {"start": "00:09:02", "end": "00:09:05", "text": "about how Bitcoin wouldn't go back down"}, {"start": "00:09:04", "end": "00:09:08", "text": "to 60K and how everyone calling for the"}, {"start": "00:09:05", "end": "00:09:09", "text": "four-year cycle was was clueless."}, {"start": "00:09:08", "end": "00:09:11", "text": "And yet it happened anyways, and then"}, {"start": "00:09:09", "end": "00:09:13", "text": "those narratives are just so quick to"}, {"start": "00:09:11", "end": "00:09:15", "text": "pop right back up"}, {"start": "00:09:13", "end": "00:09:16", "text": "when you get the next counter-trend"}, {"start": "00:09:15", "end": "00:09:18", "text": "rally. I would say the only thing more"}, {"start": "00:09:16", "end": "00:09:21", "text": "predictable"}, {"start": "00:09:18", "end": "00:09:23", "text": "uh so far this mid-term year than than"}, {"start": "00:09:21", "end": "00:09:24", "text": "the bear market has just simply been the"}, {"start": "00:09:23", "end": "00:09:26", "text": "emotions of the people that faded the"}, {"start": "00:09:24", "end": "00:09:27", "text": "four-year cycle. You know, you could"}, {"start": "00:09:26", "end": "00:09:29", "text": "basically say, all right, well, we're"}, {"start": "00:09:27", "end": "00:09:31", "text": "going to get a counter-trend rally late"}, {"start": "00:09:29", "end": "00:09:33", "text": "2025. We're going to get a counter-trend"}, {"start": "00:09:31", "end": "00:09:35", "text": "rally off of the February low. We're"}, {"start": "00:09:33", "end": "00:09:37", "text": "going to get one off the June-July low."}, {"start": "00:09:35", "end": "00:09:41", "text": "And every single time it's going to lead"}, {"start": "00:09:37", "end": "00:09:43", "text": "to a lot of toxic emotions. Um but I I"}, {"start": "00:09:41", "end": "00:09:45", "text": "do think that the cycle is just playing"}, {"start": "00:09:43", "end": "00:09:48", "text": "out how it how it always does. There's"}, {"start": "00:09:45", "end": "00:09:49", "text": "nothing wrong in my opinion with DCA-ing"}, {"start": "00:09:48", "end": "00:09:50", "text": "Bitcoin in the second half of midterm"}, {"start": "00:09:49", "end": "00:09:52", "text": "years."}, {"start": "00:09:50", "end": "00:09:54", "text": "Not financial advice. That's what I've"}, {"start": "00:09:52", "end": "00:09:56", "text": "done and it's worked out pretty well."}, {"start": "00:09:54", "end": "00:09:59", "text": "Um"}, {"start": "00:09:56", "end": "00:10:01", "text": "And and and my main focus, you know, is"}, {"start": "00:09:59", "end": "00:10:03", "text": "is just how do you prepare yourself for"}, {"start": "00:10:01", "end": "00:10:04", "text": "the next cycle?"}, {"start": "00:10:03", "end": "00:10:05", "text": "You know, I have people saying that"}, {"start": "00:10:04", "end": "00:10:07", "text": "anyone who follows four-year cycle"}, {"start": "00:10:05", "end": "00:10:09", "text": "sideline. Guys, I mean look at the"}, {"start": "00:10:07", "end": "00:10:11", "text": "chart. Come on."}, {"start": "00:10:09", "end": "00:10:14", "text": "This is a uh it"}, {"start": "00:10:11", "end": "00:10:15", "text": "Have a strategy for Bitcoin because if"}, {"start": "00:10:14", "end": "00:10:17", "text": "you don't,"}, {"start": "00:10:15", "end": "00:10:19", "text": "your emotions will take over. Uh you'll"}, {"start": "00:10:17", "end": "00:10:21", "text": "make some probably poor decisions. I"}, {"start": "00:10:19", "end": "00:10:23", "text": "would say just have a strategy, stick to"}, {"start": "00:10:21", "end": "00:10:26", "text": "it. Don't fall for the mental gymnastics"}, {"start": "00:10:23", "end": "00:10:30", "text": "that occur every single week. And to"}, {"start": "00:10:26", "end": "00:10:33", "text": "just say, \"You know what? July off often"}, {"start": "00:10:30", "end": "00:10:35", "text": "allows for a brief window of weakness."}, {"start": "00:10:33", "end": "00:10:37", "text": "And"}, {"start": "00:10:35", "end": "00:10:39", "text": "make hay while the sun shines, right? I"}, {"start": "00:10:37", "end": "00:10:41", "text": "mean, I I wouldn't try to fight this"}, {"start": "00:10:39", "end": "00:10:43", "text": "stuff. If it if it changes for what it"}, {"start": "00:10:41", "end": "00:10:45", "text": "historically does, that's fine."}, {"start": "00:10:43", "end": "00:10:47", "text": "Doesn't change my strategy,"}, {"start": "00:10:45", "end": "00:10:49", "text": "you know?"}, {"start": "00:10:47", "end": "00:10:52", "text": "So, uh So far, so good. Same thing as"}, {"start": "00:10:49", "end": "00:10:55", "text": "always. Getting a rally off of 57,000"}, {"start": "00:10:52", "end": "00:10:58", "text": "just like we got one off of 5,700 back"}, {"start": "00:10:55", "end": "00:11:00", "text": "in in 2018. And we'll see if it"}, {"start": "00:10:58", "end": "00:11:02", "text": "continues to play out just as it always"}, {"start": "00:11:00", "end": "00:11:04", "text": "has and the four-year cycle completes uh"}, {"start": "00:11:02", "end": "00:11:06", "text": "sometime later this year. And then the"}, {"start": "00:11:04", "end": "00:11:09", "text": "from that point, hopefully we can start"}, {"start": "00:11:06", "end": "00:11:10", "text": "a new four-year cycle. If you guys like"}, {"start": "00:11:09", "end": "00:11:11", "text": "the content, make sure you subscribe,"}, {"start": "00:11:10", "end": "00:11:14", "text": "give the video a thumbs up, and again,"}, {"start": "00:11:11", "end": "00:11:16", "text": "check out uh the first ITC conference"}, {"start": "00:11:14", "end": "00:11:19", "text": "that'll be taking place in November uh"}, {"start": "00:11:16", "end": "00:11:20", "text": "in Miami. Check out the link in the"}, {"start": "00:11:19", "end": "00:11:22", "text": "description below. Thank you guys for"}, {"start": "00:11:20", "end": "00:11:24", "text": "tuning in and I'll see you next time."}, {"start": "00:11:22", "end": "00:11:24", "text": "Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "What are the chances that in in 2018,"}, {"start": "00:00:02", "end": "00:00:07", "text": "Bitcoin would find a low in February,"}, {"start": "00:00:04", "end": "00:00:09", "text": "higher low in late March, early April,"}, {"start": "00:00:07", "end": "00:00:12", "text": "lower high in May, sweep the low in"}, {"start": "00:00:09", "end": "00:00:15", "text": "June, and the low in June happened to be"}, {"start": "00:00:12", "end": "00:00:18", "text": "5,700. And then in 2026, it does the"}, {"start": "00:00:15", "end": "00:00:20", "text": "same thing. A low in February, a higher"}, {"start": "00:00:18", "end": "00:00:21", "text": "low in late March, early April, a lower"}, {"start": "00:00:20", "end": "00:00:23", "text": "high in May at the 200 day moving"}, {"start": "00:00:21", "end": "00:00:24", "text": "average. You sweep the low in June. You"}, {"start": "00:00:23", "end": "00:00:28", "text": "sweep the February low in June. And then"}, {"start": "00:00:24", "end": "00:00:28", "text": "it just happens to be 57,000."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone, and thanks for jumping"}, {"start": "00:00:02", "end": "00:00:06", "text": "back into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today, we're going to talk about"}, {"start": "00:00:06", "end": "00:00:11", "text": "Bitcoin. The four-year cycle strikes"}, {"start": "00:00:09", "end": "00:00:12", "text": "again. If you guys like the content,"}, {"start": "00:00:11", "end": "00:00:14", "text": "make sure you subscribe to the channel,"}, {"start": "00:00:12", "end": "00:00:16", "text": "give the video a thumbs up, and also"}, {"start": "00:00:14", "end": "00:00:18", "text": "check out the sale on into the"}, {"start": "00:00:16", "end": "00:00:21", "text": "cryptoverse premium at into the"}, {"start": "00:00:18", "end": "00:00:24", "text": "cryptoverse.com."}, {"start": "00:00:21", "end": "00:00:26", "text": "Also, we are putting on the first ITC"}, {"start": "00:00:24", "end": "00:00:28", "text": "conference in Miami. Would love to see a"}, {"start": "00:00:26", "end": "00:00:29", "text": "lot of you guys there. So, be sure to"}, {"start": "00:00:28", "end": "00:00:31", "text": "check that out. link is in the"}, {"start": "00:00:29", "end": "00:00:36", "text": "description below. Let's go ahead and"}, {"start": "00:00:31", "end": "00:00:39", "text": "jump in. Now, the four-year cycle is and"}, {"start": "00:00:36", "end": "00:00:42", "text": "has been a heavily debated topic in in"}, {"start": "00:00:39", "end": "00:00:45", "text": "Bitcoin. What I find fascinating in"}, {"start": "00:00:42", "end": "00:00:47", "text": "general is that a lot of the people that"}, {"start": "00:00:45", "end": "00:00:49", "text": "sort of mock the four-year cycle for the"}, {"start": "00:00:47", "end": "00:00:55", "text": "last eight months or mocked it eight"}, {"start": "00:00:49", "end": "00:00:56", "text": "months ago continue to mock it. And"}, {"start": "00:00:55", "end": "00:00:57", "text": "sometimes I find I find it very"}, {"start": "00:00:56", "end": "00:00:59", "text": "interesting. So I'm like, well, what"}, {"start": "00:00:57", "end": "00:01:01", "text": "would convince them? But here's the"}, {"start": "00:00:59", "end": "00:01:02", "text": "thing. I've been in that I've been in"}, {"start": "00:01:01", "end": "00:01:04", "text": "that position before because I didn't"}, {"start": "00:01:02", "end": "00:01:07", "text": "always believe in it either, believe it"}, {"start": "00:01:04", "end": "00:01:10", "text": "or not. Right? What I would say is this."}, {"start": "00:01:07", "end": "00:01:12", "text": "When you're wrong about something, like"}, {"start": "00:01:10", "end": "00:01:14", "text": "we all are at various points in our"}, {"start": "00:01:12", "end": "00:01:18", "text": "investing career, when you're wrong"}, {"start": "00:01:14", "end": "00:01:20", "text": "about something, the temptation"}, {"start": "00:01:18", "end": "00:01:24", "text": "to want to mock the thing that is"}, {"start": "00:01:20", "end": "00:01:27", "text": "proving you wrong is very, very high"}, {"start": "00:01:24", "end": "00:01:31", "text": "because the alternative of admitting you"}, {"start": "00:01:27", "end": "00:01:33", "text": "are wrong feels almost,"}, {"start": "00:01:31", "end": "00:01:35", "text": "you know, insurmountable, right? like it"}, {"start": "00:01:33", "end": "00:01:39", "text": "the idea of saying the words like I'm"}, {"start": "00:01:35", "end": "00:01:41", "text": "wrong about this for a lot of people it"}, {"start": "00:01:39", "end": "00:01:43", "text": "just simply doesn't compute. They don't"}, {"start": "00:01:41", "end": "00:01:46", "text": "want to do that and so they kind of"}, {"start": "00:01:43", "end": "00:01:48", "text": "double down and and and then they just"}, {"start": "00:01:46", "end": "00:01:50", "text": "start getting mad. But here's the thing"}, {"start": "00:01:48", "end": "00:01:53", "text": "that we all should learn as as investors"}, {"start": "00:01:50", "end": "00:01:56", "text": "and I've had to learn this as well is"}, {"start": "00:01:53", "end": "00:02:00", "text": "that we're all going to get things wrong"}, {"start": "00:01:56", "end": "00:02:04", "text": "and you shouldn't let one wrong call"}, {"start": "00:02:00", "end": "00:02:06", "text": "define you. you know, just admit your"}, {"start": "00:02:04", "end": "00:02:09", "text": "mistake. Admit mistakes and move on like"}, {"start": "00:02:06", "end": "00:02:11", "text": "I've had to do many, many times. So, I"}, {"start": "00:02:09", "end": "00:02:14", "text": "see what people are doing with the"}, {"start": "00:02:11", "end": "00:02:16", "text": "four-year cycle and and kind of now"}, {"start": "00:02:14", "end": "00:02:18", "text": "they're mocking it. Now, they're saying,"}, {"start": "00:02:16", "end": "00:02:20", "text": "well, you know, there's no reason to buy"}, {"start": "00:02:18", "end": "00:02:22", "text": "Bitcoin if it just follows something as"}, {"start": "00:02:20", "end": "00:02:24", "text": "simple as a four-year cycle. But one of"}, {"start": "00:02:22", "end": "00:02:27", "text": "the biggest rebuttals I would have to"}, {"start": "00:02:24", "end": "00:02:30", "text": "that is investing in the stock market"}, {"start": "00:02:27", "end": "00:02:32", "text": "has been a great idea for for you know a"}, {"start": "00:02:30", "end": "00:02:35", "text": "long time decades decades and decades"}, {"start": "00:02:32", "end": "00:02:39", "text": "like forever basically. And yet there's"}, {"start": "00:02:35", "end": "00:02:44", "text": "also a a 4-year cadence to the stock"}, {"start": "00:02:39", "end": "00:02:46", "text": "market as well. And you know imagine if"}, {"start": "00:02:44", "end": "00:02:48", "text": "you told someone that the stock market"}, {"start": "00:02:46", "end": "00:02:51", "text": "was a bad investment because it bottoms"}, {"start": "00:02:48", "end": "00:02:53", "text": "approximately every four years."}, {"start": "00:02:51", "end": "00:02:56", "text": "Like the idea would seem kind of absurd,"}, {"start": "00:02:53", "end": "00:02:58", "text": "right? Like why why can you not buy"}, {"start": "00:02:56", "end": "00:03:00", "text": "something just because it bottoms"}, {"start": "00:02:58", "end": "00:03:02", "text": "approximately every four years. That"}, {"start": "00:03:00", "end": "00:03:06", "text": "doesn't mean anything like it that it's"}, {"start": "00:03:02", "end": "00:03:08", "text": "kind of a silly idea to think that that"}, {"start": "00:03:06", "end": "00:03:10", "text": "that Bitcoin will somehow be immune to"}, {"start": "00:03:08", "end": "00:03:12", "text": "bare markets just because it's a good"}, {"start": "00:03:10", "end": "00:03:13", "text": "asset. I mean all assets go through bare"}, {"start": "00:03:12", "end": "00:03:16", "text": "markets doesn't matter how good they are"}, {"start": "00:03:13", "end": "00:03:19", "text": "because you go through times of you know"}, {"start": "00:03:16", "end": "00:03:22", "text": "over gross speculation and then you have"}, {"start": "00:03:19", "end": "00:03:24", "text": "fear and and doubt take over for long"}, {"start": "00:03:22", "end": "00:03:26", "text": "periods of time then you go to lower"}, {"start": "00:03:24", "end": "00:03:28", "text": "valuations than than what makes sense."}, {"start": "00:03:26", "end": "00:03:31", "text": "So,"}, {"start": "00:03:28", "end": "00:03:36", "text": "I somewhat empathize with those guys,"}, {"start": "00:03:31", "end": "00:03:38", "text": "but I would also implore them to make"}, {"start": "00:03:36", "end": "00:03:40", "text": "the adjustment"}, {"start": "00:03:38", "end": "00:03:42", "text": "and and and figure out where they made"}, {"start": "00:03:40", "end": "00:03:44", "text": "the mistake so that they don't make the"}, {"start": "00:03:42", "end": "00:03:48", "text": "same mistake in the future. That's the"}, {"start": "00:03:44", "end": "00:03:50", "text": "worst thing is if you do make a mistake"}, {"start": "00:03:48", "end": "00:03:54", "text": "and you're not you're not allowing"}, {"start": "00:03:50", "end": "00:03:56", "text": "yourself to be wrong in your own mind,"}, {"start": "00:03:54", "end": "00:03:59", "text": "then you're more likely to make the same"}, {"start": "00:03:56", "end": "00:04:02", "text": "mistake again. Whereas, if you can tell"}, {"start": "00:03:59", "end": "00:04:05", "text": "yourself you were wrong about that, then"}, {"start": "00:04:02", "end": "00:04:08", "text": "it helps you make a better decision next"}, {"start": "00:04:05", "end": "00:04:10", "text": "time. So that's where I I I just wanted"}, {"start": "00:04:08", "end": "00:04:12", "text": "to say that before we get really into"}, {"start": "00:04:10", "end": "00:04:15", "text": "the video because I've seen a lot of a"}, {"start": "00:04:12", "end": "00:04:17", "text": "lot of people kind of go through that."}, {"start": "00:04:15", "end": "00:04:21", "text": "So right now Bitcoin is sitting at"}, {"start": "00:04:17", "end": "00:04:23", "text": "around 63 64K and the reason why the"}, {"start": "00:04:21", "end": "00:04:25", "text": "video title is that the 4-year cycle"}, {"start": "00:04:23", "end": "00:04:28", "text": "strikes again. We've been covering this"}, {"start": "00:04:25", "end": "00:04:30", "text": "like all year and and and how similar"}, {"start": "00:04:28", "end": "00:04:32", "text": "this stuff is. And I know it's easy to"}, {"start": "00:04:30", "end": "00:04:35", "text": "mock it and it's easy to be like well"}, {"start": "00:04:32", "end": "00:04:38", "text": "you know you're just using three data"}, {"start": "00:04:35", "end": "00:04:40", "text": "points. But the counter view that the"}, {"start": "00:04:38", "end": "00:04:42", "text": "the critics will then say is that like,"}, {"start": "00:04:40", "end": "00:04:45", "text": "oh well, the last time Bitcoin did this"}, {"start": "00:04:42", "end": "00:04:47", "text": "in 2013, it rallied like 500%. So, we"}, {"start": "00:04:45", "end": "00:04:49", "text": "don't have a lot of data. We can admit"}, {"start": "00:04:47", "end": "00:04:52", "text": "that. We're just doing the best we can."}, {"start": "00:04:49", "end": "00:04:54", "text": "And one of the things I would say"}, {"start": "00:04:52", "end": "00:04:58", "text": "is that everything that's played out"}, {"start": "00:04:54", "end": "00:04:59", "text": "this year is essentially a a less"}, {"start": "00:04:58", "end": "00:05:02", "text": "volatile version of what happened in"}, {"start": "00:04:59", "end": "00:05:03", "text": "2018. And and I know like people can"}, {"start": "00:05:02", "end": "00:05:06", "text": "look at this and say, well, it's easy"}, {"start": "00:05:03", "end": "00:05:07", "text": "now. Uh but but we've been saying it all"}, {"start": "00:05:06", "end": "00:05:10", "text": "year, right? I mean, look at this. You"}, {"start": "00:05:07", "end": "00:05:13", "text": "had a low in February of 2018, and then"}, {"start": "00:05:10", "end": "00:05:15", "text": "you had a low in February 2026, and then"}, {"start": "00:05:13", "end": "00:05:17", "text": "you had a higher low in late March,"}, {"start": "00:05:15", "end": "00:05:20", "text": "early April, and then a higher low in"}, {"start": "00:05:17", "end": "00:05:22", "text": "late March, early April of 2026, and"}, {"start": "00:05:20", "end": "00:05:23", "text": "then Bitcoin rallied to the 200 day"}, {"start": "00:05:22", "end": "00:05:27", "text": "moving average or the bare market"}, {"start": "00:05:23", "end": "00:05:30", "text": "resistance band in 2018, in May, and and"}, {"start": "00:05:27", "end": "00:05:32", "text": "it did the same thing in 2026, right?"}, {"start": "00:05:30", "end": "00:05:36", "text": "Like it's it's the same thing. And then"}, {"start": "00:05:32", "end": "00:05:40", "text": "after all that played out,"}, {"start": "00:05:36", "end": "00:05:43", "text": "Bitcoin then swept the February low in"}, {"start": "00:05:40", "end": "00:05:46", "text": "June, which is what it just did again."}, {"start": "00:05:43", "end": "00:05:48", "text": "And look, when Bitcoin started to get a"}, {"start": "00:05:46", "end": "00:05:50", "text": "counter trend rally, it was in early"}, {"start": "00:05:48", "end": "00:05:53", "text": "July and then like the second to third"}, {"start": "00:05:50", "end": "00:05:56", "text": "week of July, Bitcoin got a pullback and"}, {"start": "00:05:53", "end": "00:05:58", "text": "then got a larger move back up in into"}, {"start": "00:05:56", "end": "00:06:00", "text": "late July and then it gave it all back"}, {"start": "00:05:58", "end": "00:06:02", "text": "in August."}, {"start": "00:06:00", "end": "00:06:04", "text": "So"}, {"start": "00:06:02", "end": "00:06:07", "text": "it it's hard. I mean like it just seems"}, {"start": "00:06:04", "end": "00:06:10", "text": "like the four-year strike sex again. Not"}, {"start": "00:06:07", "end": "00:06:13", "text": "only did Bitcoin find a low at around"}, {"start": "00:06:10", "end": "00:06:16", "text": "the same time"}, {"start": "00:06:13", "end": "00:06:19", "text": "late June, early July, which again you"}, {"start": "00:06:16", "end": "00:06:23", "text": "could say is coincidental, but the low"}, {"start": "00:06:19", "end": "00:06:25", "text": "price that formed the local low was"}, {"start": "00:06:23", "end": "00:06:28", "text": "57,000."}, {"start": "00:06:25", "end": "00:06:28", "text": "And in 2018,"}, {"start": "00:06:29", "end": "00:06:36", "text": "I mean, what was it? Guess in 2018 it"}, {"start": "00:06:34", "end": "00:06:38", "text": "was 5700."}, {"start": "00:06:36", "end": "00:06:39", "text": "It's just a pattern, guys. Like, I mean,"}, {"start": "00:06:38", "end": "00:06:41", "text": "it's just a pattern. It's the same"}, {"start": "00:06:39", "end": "00:06:44", "text": "pattern over and over again. Like, what"}, {"start": "00:06:41", "end": "00:06:46", "text": "are the chances that in in 2018, Bitcoin"}, {"start": "00:06:44", "end": "00:06:49", "text": "would find a low in February, higher low"}, {"start": "00:06:46", "end": "00:06:51", "text": "in late March, early April, lower high"}, {"start": "00:06:49", "end": "00:06:54", "text": "in May, sweep the low in June, and the"}, {"start": "00:06:51", "end": "00:06:57", "text": "low in June happened to be 5,700. And"}, {"start": "00:06:54", "end": "00:06:59", "text": "then in 2026, it does the same thing. A"}, {"start": "00:06:57", "end": "00:07:01", "text": "low in February, a higher low in late"}, {"start": "00:06:59", "end": "00:07:03", "text": "March, early April, a lower high in May"}, {"start": "00:07:01", "end": "00:07:05", "text": "at the 200 day moving average. You sweep"}, {"start": "00:07:03", "end": "00:07:06", "text": "the low in June, you sweep the February"}, {"start": "00:07:05", "end": "00:07:11", "text": "low in June, and then it just happens to"}, {"start": "00:07:06", "end": "00:07:12", "text": "be 57,000, 10x what it was in 2018."}, {"start": "00:07:11", "end": "00:07:14", "text": "I'm not suggesting that it's going to"}, {"start": "00:07:12", "end": "00:07:18", "text": "always play out the same way. I think it"}, {"start": "00:07:14", "end": "00:07:19", "text": "will take a detour. But the detour I"}, {"start": "00:07:18", "end": "00:07:21", "text": "think it's going to take, I want to I"}, {"start": "00:07:19", "end": "00:07:23", "text": "want to explain right now. If you look"}, {"start": "00:07:21", "end": "00:07:27", "text": "at the year-to- date ROI of Bitcoin in"}, {"start": "00:07:23", "end": "00:07:28", "text": "2026 and compared to 2018, you can see"}, {"start": "00:07:27", "end": "00:07:32", "text": "how the lows are aligning, right? Your"}, {"start": "00:07:28", "end": "00:07:33", "text": "February low, your higher low in in late"}, {"start": "00:07:32", "end": "00:07:35", "text": "March, early April, right? You can see"}, {"start": "00:07:33", "end": "00:07:37", "text": "that. You can pretty clearly see that"}, {"start": "00:07:35", "end": "00:07:40", "text": "your higher low here, your lower high in"}, {"start": "00:07:37", "end": "00:07:41", "text": "May, your lower low in June, and then"}, {"start": "00:07:40", "end": "00:07:44", "text": "you get this, look at this low right"}, {"start": "00:07:41", "end": "00:07:46", "text": "here that forms. It's the same day,"}, {"start": "00:07:44", "end": "00:07:48", "text": "right? The last day of June, the last"}, {"start": "00:07:46", "end": "00:07:51", "text": "day of June, you get a rally on up. You"}, {"start": "00:07:48", "end": "00:07:52", "text": "get a brief pullback into like mid July,"}, {"start": "00:07:51", "end": "00:07:54", "text": "probably around the release of the"}, {"start": "00:07:52", "end": "00:07:56", "text": "inflation report. And then you get a"}, {"start": "00:07:54", "end": "00:07:59", "text": "larger move up."}, {"start": "00:07:56", "end": "00:08:01", "text": "Maybe we get a larger move up because"}, {"start": "00:07:59", "end": "00:08:03", "text": "the catalyst that caused inflation, the"}, {"start": "00:08:01", "end": "00:08:05", "text": "inflation spike to begin with, oil and"}, {"start": "00:08:03", "end": "00:08:07", "text": "the geopolitical crisis, maybe that's no"}, {"start": "00:08:05", "end": "00:08:09", "text": "longer a catalyst and and then Bitcoin"}, {"start": "00:08:07", "end": "00:08:11", "text": "could rally on that later in the year."}, {"start": "00:08:09", "end": "00:08:13", "text": "But the thing is is like Bitcoin could"}, {"start": "00:08:11", "end": "00:08:14", "text": "go all the way back up to the 200 day"}, {"start": "00:08:13", "end": "00:08:19", "text": "moving average and it still hasn't"}, {"start": "00:08:14", "end": "00:08:20", "text": "broken anything that it did in 2018."}, {"start": "00:08:19", "end": "00:08:22", "text": "I'm not suggesting that you can't buy"}, {"start": "00:08:20", "end": "00:08:24", "text": "Bitcoin now, right? I mean, normally the"}, {"start": "00:08:22", "end": "00:08:25", "text": "best strategy is to just DCA Bitcoin in"}, {"start": "00:08:24", "end": "00:08:27", "text": "the second half of midterm years. And"}, {"start": "00:08:25", "end": "00:08:30", "text": "given the fact that Bitcoin found a new"}, {"start": "00:08:27", "end": "00:08:32", "text": "low on July 1st, I would say that was"}, {"start": "00:08:30", "end": "00:08:34", "text": "pretty good a pretty good view to say,"}, {"start": "00:08:32", "end": "00:08:36", "text": "look, ignore Bitcoin for the first half"}, {"start": "00:08:34", "end": "00:08:37", "text": "of the midterm year and then just kind"}, {"start": "00:08:36", "end": "00:08:38", "text": "of DCA in the second half of the year if"}, {"start": "00:08:37", "end": "00:08:40", "text": "you want a position and hope it works"}, {"start": "00:08:38", "end": "00:08:44", "text": "out. Yes, Bitcoin could go lower later"}, {"start": "00:08:40", "end": "00:08:45", "text": "in the year, but look at this."}, {"start": "00:08:44", "end": "00:08:47", "text": "You see how it would rally up to that"}, {"start": "00:08:45", "end": "00:08:49", "text": "200 day moving average in like late"}, {"start": "00:08:47", "end": "00:08:52", "text": "July, early August. Maybe it does the"}, {"start": "00:08:49", "end": "00:08:53", "text": "same thing by picking some up at least"}, {"start": "00:08:52", "end": "00:08:55", "text": "you're not sitting there wondering if"}, {"start": "00:08:53", "end": "00:08:57", "text": "you missed the low, but if you, you"}, {"start": "00:08:55", "end": "00:08:58", "text": "know, if you pick a little bit up,"}, {"start": "00:08:57", "end": "00:08:59", "text": "you're still probably hoping that"}, {"start": "00:08:58", "end": "00:09:03", "text": "eventually it comes back down to earth,"}, {"start": "00:08:59", "end": "00:09:05", "text": "so you can load up even more. So again,"}, {"start": "00:09:03", "end": "00:09:07", "text": "you know, the the the critics have"}, {"start": "00:09:05", "end": "00:09:11", "text": "access to the same charts that I have"}, {"start": "00:09:07", "end": "00:09:12", "text": "access to. They just weren't willing to"}, {"start": "00:09:11", "end": "00:09:15", "text": "to call for this stuff, right? They were"}, {"start": "00:09:12", "end": "00:09:17", "text": "unwilling to say that Bitcoin would"}, {"start": "00:09:15", "end": "00:09:20", "text": "would drop back down because they were"}, {"start": "00:09:17", "end": "00:09:23", "text": "too busy finding relationships between"}, {"start": "00:09:20", "end": "00:09:26", "text": "like the ISM and and the money supply."}, {"start": "00:09:23", "end": "00:09:28", "text": "Stuff that didn't really matter for for"}, {"start": "00:09:26", "end": "00:09:30", "text": "Bitcoin this year. And and I pointed"}, {"start": "00:09:28", "end": "00:09:33", "text": "that out at the beginning of the year as"}, {"start": "00:09:30", "end": "00:09:36", "text": "well. In 2014, Bitcoin went down, the"}, {"start": "00:09:33", "end": "00:09:38", "text": "ISM went up. And in 2015, the ISM went"}, {"start": "00:09:36", "end": "00:09:42", "text": "down and Bitcoin went up. Right? So, you"}, {"start": "00:09:38", "end": "00:09:45", "text": "can't always look for soft macro data to"}, {"start": "00:09:42", "end": "00:09:48", "text": "support a bold or bare thesis for"}, {"start": "00:09:45", "end": "00:09:51", "text": "Bitcoin. The 4-year cycle has continued"}, {"start": "00:09:48", "end": "00:09:53", "text": "to play out. Where I think this will"}, {"start": "00:09:51", "end": "00:09:57", "text": "eventually deviate is I think Bitcoin"}, {"start": "00:09:53", "end": "00:09:59", "text": "will likely form a low before December"}, {"start": "00:09:57", "end": "00:10:01", "text": "because in 2018 it took until December"}, {"start": "00:09:59", "end": "00:10:04", "text": "to form the low. So, people keep saying"}, {"start": "00:10:01", "end": "00:10:05", "text": "like, well, you know, it has to be"}, {"start": "00:10:04", "end": "00:10:07", "text": "different. They're right. I think"}, {"start": "00:10:05", "end": "00:10:08", "text": "they're right. Like I think it will be"}, {"start": "00:10:07", "end": "00:10:09", "text": "different, but I think it'll be"}, {"start": "00:10:08", "end": "00:10:13", "text": "different because Bitcoin will probably"}, {"start": "00:10:09", "end": "00:10:16", "text": "break below these, you know, below um"}, {"start": "00:10:13", "end": "00:10:18", "text": "this this pattern before November. And"}, {"start": "00:10:16", "end": "00:10:20", "text": "the reason I think it could happen as"}, {"start": "00:10:18", "end": "00:10:22", "text": "early as October"}, {"start": "00:10:20", "end": "00:10:24", "text": "is because the top was in October and"}, {"start": "00:10:22", "end": "00:10:25", "text": "and normally the Bitcoin bare markets"}, {"start": "00:10:24", "end": "00:10:29", "text": "are about one year. Now there is an"}, {"start": "00:10:25", "end": "00:10:30", "text": "exception. Um the one in 2014 was a"}, {"start": "00:10:29", "end": "00:10:32", "text": "little longer than a year. So it it is"}, {"start": "00:10:30", "end": "00:10:35", "text": "possible that Bitcoin could bottom later"}, {"start": "00:10:32", "end": "00:10:37", "text": "in Q4. you know, it could be December."}, {"start": "00:10:35", "end": "00:10:40", "text": "But I think October has to be a"}, {"start": "00:10:37", "end": "00:10:43", "text": "candidate month for a low. And if that's"}, {"start": "00:10:40", "end": "00:10:46", "text": "the case, then it would take a detour"}, {"start": "00:10:43", "end": "00:10:48", "text": "from that."}, {"start": "00:10:46", "end": "00:10:51", "text": "It's just remarkable. I mean, it it 2026"}, {"start": "00:10:48", "end": "00:10:52", "text": "has just been a less volatile version of"}, {"start": "00:10:51", "end": "00:10:54", "text": "2018. And one of the reasons it's been a"}, {"start": "00:10:52", "end": "00:10:56", "text": "less volatile version is because in"}, {"start": "00:10:54", "end": "00:11:00", "text": "2018,"}, {"start": "00:10:56", "end": "00:11:03", "text": "we had a euphoric top. Imagine"}, {"start": "00:11:00", "end": "00:11:06", "text": "how you would feel right now if the top"}, {"start": "00:11:03", "end": "00:11:08", "text": "had been at 200K rather than 126."}, {"start": "00:11:06", "end": "00:11:12", "text": "Because think about it, I mean in 2018"}, {"start": "00:11:08", "end": "00:11:14", "text": "the top was about 20K and then the lows"}, {"start": "00:11:12", "end": "00:11:18", "text": "we were forming through the year were"}, {"start": "00:11:14", "end": "00:11:20", "text": "6K. This time the top was 126 or so and"}, {"start": "00:11:18", "end": "00:11:22", "text": "then the lows were forming at 60. So the"}, {"start": "00:11:20", "end": "00:11:26", "text": "reason this feels a lot worse is because"}, {"start": "00:11:22", "end": "00:11:28", "text": "we didn't get that final rally up to 120"}, {"start": "00:11:26", "end": "00:11:30", "text": "where you had a rotation into altcoins."}, {"start": "00:11:28", "end": "00:11:33", "text": "That's the reason it feels worse. We"}, {"start": "00:11:30", "end": "00:11:36", "text": "didn't get that. Instead, it came down"}, {"start": "00:11:33", "end": "00:11:38", "text": "and and you you basically bottom on or"}, {"start": "00:11:36", "end": "00:11:41", "text": "you topped on apathy rather than"}, {"start": "00:11:38", "end": "00:11:42", "text": "euphoria where there's no rotation. But"}, {"start": "00:11:41", "end": "00:11:45", "text": "other than that, everything continues to"}, {"start": "00:11:42", "end": "00:11:47", "text": "play out."}, {"start": "00:11:45", "end": "00:11:49", "text": "The way I like to think about it is like"}, {"start": "00:11:47", "end": "00:11:52", "text": "windows of strength and windows of"}, {"start": "00:11:49", "end": "00:11:56", "text": "weakness. And usually July provides a"}, {"start": "00:11:52", "end": "00:11:58", "text": "brief window of strength in in the midst"}, {"start": "00:11:56", "end": "00:12:00", "text": "of a larger window of weakness. We did a"}, {"start": "00:11:58", "end": "00:12:03", "text": "video on this a few months ago, a couple"}, {"start": "00:12:00", "end": "00:12:05", "text": "months ago, saying that look, mid like"}, {"start": "00:12:03", "end": "00:12:08", "text": "miday to like the end of June is a is a"}, {"start": "00:12:05", "end": "00:12:11", "text": "window of weakness."}, {"start": "00:12:08", "end": "00:12:12", "text": "Now July is often a window of strength."}, {"start": "00:12:11", "end": "00:12:15", "text": "There can still be a little bit of a"}, {"start": "00:12:12", "end": "00:12:17", "text": "pullback that forms a higher low, but"}, {"start": "00:12:15", "end": "00:12:19", "text": "that's when that window of strength is"}, {"start": "00:12:17", "end": "00:12:21", "text": "usually occurs in midterm years. uh"}, {"start": "00:12:19", "end": "00:12:22", "text": "could be around that July time frame,"}, {"start": "00:12:21", "end": "00:12:24", "text": "but then usually we just give it back"}, {"start": "00:12:22", "end": "00:12:27", "text": "into August and September and perhaps"}, {"start": "00:12:24", "end": "00:12:29", "text": "we'll put that final low in October. So,"}, {"start": "00:12:27", "end": "00:12:31", "text": "I would argue"}, {"start": "00:12:29", "end": "00:12:33", "text": "that the four-year cycle, the four-year"}, {"start": "00:12:31", "end": "00:12:36", "text": "cycle strikes again. And the four-year"}, {"start": "00:12:33", "end": "00:12:37", "text": "cycle doesn't mean down only, right? It"}, {"start": "00:12:36", "end": "00:12:41", "text": "means that there's this like there's"}, {"start": "00:12:37", "end": "00:12:42", "text": "this cadence to when the lows occur. And"}, {"start": "00:12:41", "end": "00:12:44", "text": "and you know, I think the biggest"}, {"start": "00:12:42", "end": "00:12:47", "text": "critics of the four-year cycle so far"}, {"start": "00:12:44", "end": "00:12:49", "text": "this year uh have used every counter"}, {"start": "00:12:47", "end": "00:12:51", "text": "trend rally to dunk on anyone calling"}, {"start": "00:12:49", "end": "00:12:52", "text": "for the four-year cycle. And then when"}, {"start": "00:12:51", "end": "00:12:56", "text": "when the four-year cycle then continues"}, {"start": "00:12:52", "end": "00:12:58", "text": "to play out, um you know, they then go"}, {"start": "00:12:56", "end": "00:13:01", "text": "ad hominin and and stop attacking the"}, {"start": "00:12:58", "end": "00:13:03", "text": "the narrative and attack the person. But"}, {"start": "00:13:01", "end": "00:13:04", "text": "I would implore all of them to just look"}, {"start": "00:13:03", "end": "00:13:07", "text": "at the charts and look at the data and"}, {"start": "00:13:04", "end": "00:13:10", "text": "say, \"Look, this is what the charts have"}, {"start": "00:13:07", "end": "00:13:12", "text": "told us for a long time. I don't have"}, {"start": "00:13:10", "end": "00:13:14", "text": "any, you know, it's not like I feel"}, {"start": "00:13:12", "end": "00:13:16", "text": "like, it's not like I intrinsically"}, {"start": "00:13:14", "end": "00:13:17", "text": "think that it should play out like this,"}, {"start": "00:13:16", "end": "00:13:20", "text": "right? It's not like I think I don't"}, {"start": "00:13:17", "end": "00:13:21", "text": "know why I want to make it more"}, {"start": "00:13:20", "end": "00:13:23", "text": "complicated than it has to be, or at"}, {"start": "00:13:21", "end": "00:13:25", "text": "least I used to,"}, {"start": "00:13:23", "end": "00:13:27", "text": "but then eventually you're like, what's"}, {"start": "00:13:25", "end": "00:13:30", "text": "the point? What's the point of deriving"}, {"start": "00:13:27", "end": "00:13:32", "text": "all these like macro relationships and"}, {"start": "00:13:30", "end": "00:13:36", "text": "stuff when it just keeps playing out in"}, {"start": "00:13:32", "end": "00:13:37", "text": "in a fairly fairly predictable way? And"}, {"start": "00:13:36", "end": "00:13:40", "text": "at some point, the four-year cycle will"}, {"start": "00:13:37", "end": "00:13:43", "text": "break probably. And when it does, I will"}, {"start": "00:13:40", "end": "00:13:45", "text": "change my strategy. But until that time,"}, {"start": "00:13:43", "end": "00:13:47", "text": "I think you defer to the four-year"}, {"start": "00:13:45", "end": "00:13:48", "text": "cycle. You look for you look for those"}, {"start": "00:13:47", "end": "00:13:50", "text": "windows of strength. You look for the"}, {"start": "00:13:48", "end": "00:13:53", "text": "windows of weakness. The four-year cycle"}, {"start": "00:13:50", "end": "00:13:55", "text": "would say that a low in in the markets"}, {"start": "00:13:53", "end": "00:13:58", "text": "would occur in in the second half of"}, {"start": "00:13:55", "end": "00:13:59", "text": "midterm years. Um, more than likely, and"}, {"start": "00:13:58", "end": "00:14:00", "text": "and that's what I'm going to stick with."}, {"start": "00:13:59", "end": "00:14:02", "text": "But those are my views. Thank you guys"}, {"start": "00:14:00", "end": "00:14:04", "text": "for tuning in. Subscribe, give the video"}, {"start": "00:14:02", "end": "00:14:07", "text": "a thumbs up, check out the sale on ITC"}, {"start": "00:14:04", "end": "00:14:08", "text": "Premium. Uh, but most importantly, I'd"}, {"start": "00:14:07", "end": "00:14:10", "text": "love to see a lot of you guys at the"}, {"start": "00:14:08", "end": "00:14:12", "text": "conference. So, please check it out if"}, {"start": "00:14:10", "end": "00:14:14", "text": "you're interested. Um, we have it in"}, {"start": "00:14:12", "end": "00:14:16", "text": "Miami November 21st. The whole thing"}, {"start": "00:14:14", "end": "00:14:18", "text": "will be the 20th through the 22nd, but"}, {"start": "00:14:16", "end": "00:14:20", "text": "the main conference day uh is the 21st."}, {"start": "00:14:18", "end": "00:14:23", "text": "So, hope to see you guys there. I'll see"}, {"start": "00:14:20", "end": "00:14:23", "text": "you guys next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "I think Bitcoin and the asset class will"}, {"start": "00:00:02", "end": "00:00:07", "text": "spend more of its time this year"}, {"start": "00:00:05", "end": "00:00:08", "text": "below that fair value logarithm"}, {"start": "00:00:07", "end": "00:00:10", "text": "regression trend line."}, {"start": "00:00:08", "end": "00:00:12", "text": "Try to find support at it, you know, in"}, {"start": "00:00:10", "end": "00:00:15", "text": "the coming months, and then hopefully"}, {"start": "00:00:12", "end": "00:00:18", "text": "trend back up in a 2027-2028."}, {"start": "00:00:15", "end": "00:00:20", "text": "The total market cap of crypto now is"}, {"start": "00:00:18", "end": "00:00:23", "text": "about 2.125"}, {"start": "00:00:20", "end": "00:00:25", "text": "trillion. So, it's well off the highs uh"}, {"start": "00:00:23", "end": "00:00:28", "text": "from 2025."}, {"start": "00:00:25", "end": "00:00:31", "text": "And it's actually, you know, slightly"}, {"start": "00:00:28", "end": "00:00:35", "text": "below where it was in 2021. So, when you"}, {"start": "00:00:31", "end": "00:00:36", "text": "think about the entire 2023 to 2025"}, {"start": "00:00:35", "end": "00:00:40", "text": "move,"}, {"start": "00:00:36", "end": "00:00:42", "text": "it's justifiably what we saw in 2019."}, {"start": "00:00:40", "end": "00:00:45", "text": "Bitcoin dominance went up."}, {"start": "00:00:42", "end": "00:00:48", "text": "Three rate cuts occurred. QT ended. No"}, {"start": "00:00:45", "end": "00:00:49", "text": "rotation into altcoins. So, that's where"}, {"start": "00:00:48", "end": "00:00:53", "text": "I think we are."}, {"start": "00:00:49", "end": "00:00:55", "text": "I do think that the rest of this year"}, {"start": "00:00:53", "end": "00:00:56", "text": "will likely be somewhat sluggish, you"}, {"start": "00:00:55", "end": "00:00:58", "text": "know, probably form a low a little bit"}, {"start": "00:00:56", "end": "00:01:01", "text": "later in the year after a kind of turn"}, {"start": "00:00:58", "end": "00:01:01", "text": "around in the summer."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:06", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:10", "text": "Today we're going to talk about Bitcoin,"}, {"start": "00:00:06", "end": "00:00:12", "text": "the beauty of mathematics, part 71. If"}, {"start": "00:00:10", "end": "00:00:13", "text": "you guys like the content, make sure you"}, {"start": "00:00:12", "end": "00:00:16", "text": "subscribe to the channel, give the video"}, {"start": "00:00:13", "end": "00:00:18", "text": "a thumbs up, and also check out the sale"}, {"start": "00:00:16", "end": "00:00:21", "text": "on into the cryptoverse premium at into"}, {"start": "00:00:18", "end": "00:00:23", "text": "the cryptoverse.com."}, {"start": "00:00:21", "end": "00:00:25", "text": "Also remember to check out the first ITC"}, {"start": "00:00:23", "end": "00:00:30", "text": "conference taking place this November in"}, {"start": "00:00:25", "end": "00:00:33", "text": "Miami. Let's go ahead and jump in. So"}, {"start": "00:00:30", "end": "00:00:34", "text": "the the asset class as a whole, we've"}, {"start": "00:00:33", "end": "00:00:37", "text": "been talking about this forever, but the"}, {"start": "00:00:34", "end": "00:00:39", "text": "asset class as a whole remains below"}, {"start": "00:00:37", "end": "00:00:41", "text": "that quote unquote fair value logger"}, {"start": "00:00:39", "end": "00:00:43", "text": "regression trend line. And I think it"}, {"start": "00:00:41", "end": "00:00:45", "text": "will remain below it for the rest of"}, {"start": "00:00:43", "end": "00:00:48", "text": "this year. And I know we didn't really"}, {"start": "00:00:45", "end": "00:00:50", "text": "get that durable move into overvaluation"}, {"start": "00:00:48", "end": "00:00:52", "text": "territory, but we also said we were not"}, {"start": "00:00:50", "end": "00:00:55", "text": "going to, right? But we said this was"}, {"start": "00:00:52", "end": "00:00:57", "text": "mostly like the 2019 2020 era in terms"}, {"start": "00:00:55", "end": "00:00:59", "text": "of monetary policy"}, {"start": "00:00:57", "end": "00:01:01", "text": "and therefore there was no just"}, {"start": "00:00:59", "end": "00:01:03", "text": "justification for that rotation into"}, {"start": "00:01:01", "end": "00:01:04", "text": "higher risk assets which means there was"}, {"start": "00:01:03", "end": "00:01:09", "text": "not really a justification for durably"}, {"start": "00:01:04", "end": "00:01:11", "text": "going overvalued. So I think Bitcoin and"}, {"start": "00:01:09", "end": "00:01:14", "text": "the asset class will spend more of its"}, {"start": "00:01:11", "end": "00:01:16", "text": "time this year below that fair value"}, {"start": "00:01:14", "end": "00:01:18", "text": "logarithmic regression trend line. Try"}, {"start": "00:01:16", "end": "00:01:20", "text": "to find support at it, you know, in the"}, {"start": "00:01:18", "end": "00:01:24", "text": "coming months and then hopefully trend"}, {"start": "00:01:20", "end": "00:01:27", "text": "back up into 2027 2028. The total market"}, {"start": "00:01:24", "end": "00:01:31", "text": "cap of crypto now is about 2.125"}, {"start": "00:01:27", "end": "00:01:33", "text": "trillion. So it's well off the highs uh"}, {"start": "00:01:31", "end": "00:01:35", "text": "from 2025."}, {"start": "00:01:33", "end": "00:01:39", "text": "and it's actually, you know, slightly"}, {"start": "00:01:35", "end": "00:01:43", "text": "below where it was in 2021. So, when you"}, {"start": "00:01:39", "end": "00:01:47", "text": "think about the entire 2023 to 2025"}, {"start": "00:01:43", "end": "00:01:50", "text": "move, it's justifiably what we saw in"}, {"start": "00:01:47", "end": "00:01:53", "text": "2019. Bitcoin dominance went up, rate"}, {"start": "00:01:50", "end": "00:01:56", "text": "cuts occurred, QT ended, no rotation"}, {"start": "00:01:53", "end": "00:01:59", "text": "into altcoins. So, that's where I think"}, {"start": "00:01:56", "end": "00:02:02", "text": "we are. I do think that the rest of this"}, {"start": "00:01:59", "end": "00:02:04", "text": "year will likely be somewhat sluggish."}, {"start": "00:02:02", "end": "00:02:05", "text": "You know, probably form a low a little"}, {"start": "00:02:04", "end": "00:02:08", "text": "bit later in the year after a counter"}, {"start": "00:02:05", "end": "00:02:10", "text": "turn reality in the summer and uh call"}, {"start": "00:02:08", "end": "00:02:12", "text": "it a day and then hopefully go into a"}, {"start": "00:02:10", "end": "00:02:15", "text": "new bull market and then we'll see if we"}, {"start": "00:02:12", "end": "00:02:17", "text": "can muster up the energy to get back up"}, {"start": "00:02:15", "end": "00:02:19", "text": "to that fair value and hopefully go over"}, {"start": "00:02:17", "end": "00:02:21", "text": "it in the next cycle. But, you know,"}, {"start": "00:02:19", "end": "00:02:24", "text": "that's still a ways off. So I think in"}, {"start": "00:02:21", "end": "00:02:28", "text": "the short term we will remain below that"}, {"start": "00:02:24", "end": "00:02:29", "text": "fair value and um"}, {"start": "00:02:28", "end": "00:02:31", "text": "you know hopefully things things will"}, {"start": "00:02:29", "end": "00:02:35", "text": "change next year. I mean the we are"}, {"start": "00:02:31", "end": "00:02:36", "text": "getting fairly low um in terms of the"}, {"start": "00:02:35", "end": "00:02:38", "text": "extent below the fair value like if you"}, {"start": "00:02:36", "end": "00:02:39", "text": "take the percent difference the total"}, {"start": "00:02:38", "end": "00:02:42", "text": "market cap and the fair value logarithm"}, {"start": "00:02:39", "end": "00:02:44", "text": "regression trend line looks like this"}, {"start": "00:02:42", "end": "00:02:47", "text": "but is getting fairly below it. But in"}, {"start": "00:02:44", "end": "00:02:48", "text": "terms of time, right, like I mean it has"}, {"start": "00:02:47", "end": "00:02:50", "text": "been this low before, but you have to go"}, {"start": "00:02:48", "end": "00:02:53", "text": "all the way back to 2010. In terms of"}, {"start": "00:02:50", "end": "00:02:57", "text": "time, I think we just have a little bit"}, {"start": "00:02:53", "end": "00:02:58", "text": "longer to watch this play out. Um, so"}, {"start": "00:02:57", "end": "00:03:00", "text": "those are my views. Eventually, I do"}, {"start": "00:02:58", "end": "00:03:02", "text": "think the asset class is going to 10"}, {"start": "00:03:00", "end": "00:03:03", "text": "trillion, plus or minus a few trillion."}, {"start": "00:03:02", "end": "00:03:05", "text": "And as we go to sleep at night, we"}, {"start": "00:03:03", "end": "00:03:09", "text": "cannot help but wonder what's a few"}, {"start": "00:03:05", "end": "00:03:09", "text": "trillion dollars among friends."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The European crypto industry spent the last 2�\nyears fighting about Micah. But as it turns out,��"}, {"start": "00:00:05", "end": "00:00:11", "text": "that was the wrong fight because on the 29th of�\nJune 2026, the European Commission extended the��"}, {"start": "00:00:11", "end": "00:00:16", "text": "deadline for public feedback on its review of�\nMicah. Sounds like standard bureaucratic stuff,��"}, {"start": "00:00:16", "end": "00:00:23", "text": "right? Well, no, because inside that consultation�\nextension is a question far far more dangerous��"}, {"start": "00:00:23", "end": "00:00:29", "text": "than anything in Micah. It asks whether the parts�\nof crypto you actually use per staking, lending,��"}, {"start": "00:00:29", "end": "00:00:35", "text": "defy, tokenized assets should be dragged into the�\nrule book built for banks and stock exchanges.��"}, {"start": "00:00:35", "end": "00:00:42", "text": "And if the answer comes back yes, much of crypto�\nbecomes legally impossible to offer in Europe. So,��"}, {"start": "00:00:42", "end": "00:00:47", "text": "is this a genuine effort to protect retail or is�\nit the handover of crypto to the same institutions��"}, {"start": "00:00:47", "end": "00:00:52", "text": "that spent a decade fighting it? To answer that,�\nwe're going to show you exactly what's on the��"}, {"start": "00:00:52", "end": "00:00:58", "text": "table. why method not Micah is potentially lethal�\nfor permissionless protocols and who actually��"}, {"start": "00:00:58", "end": "00:01:05", "text": "stands to benefit from all of this. My name is DC�\nand you're watching the Coin Bureau. Now, before��"}, {"start": "00:01:05", "end": "00:01:09", "text": "we get into the mechanics, let's have a look at�\nwhat happened. Micah's transitional period ended��"}, {"start": "00:01:09", "end": "00:01:16", "text": "on July 1st, 2026 and full enforcement is now live�\nand the consolidation was serious. We've gone from��"}, {"start": "00:01:16", "end": "00:01:24", "text": "over 3,000 registered crypto firms in 2024 down to�\nsomewhere around 200 to 280 fully licensed CASPs��"}, {"start": "00:01:24", "end": "00:01:32", "text": "by mid 2026. OKX's European CEO Eric Go reckons�\nroughly 80% of legacy crypto companies simply��"}, {"start": "00:01:32", "end": "00:01:37", "text": "won't survive this transition. Binance halted�\nspot margin and futures trading for EU users after��"}, {"start": "00:01:37", "end": "00:01:43", "text": "failing to secure its Greek license. Tether's USDT�\ngot delisted from regulated European exchanges and��"}, {"start": "00:01:43", "end": "00:01:49", "text": "much much more. This is not sunshine and rainbows�\nthe industry got seriously shaken up. It's in this��"}, {"start": "00:01:49", "end": "00:01:54", "text": "environment when the commission opened the door�\nto a second far heavier one. Which brings us��"}, {"start": "00:01:54", "end": "00:01:58", "text": "to what this fight is actually about. First, we�\nhave to outline the distinction between the two��"}, {"start": "00:01:58", "end": "00:02:04", "text": "rule books at the center of all of this. Micah is�\ncrypto's own bespoke regime in the EU. Put simply,��"}, {"start": "00:02:04", "end": "00:02:09", "text": "it's the list of rules written specifically for�\ndigital assets. And crucially, it's a residual��"}, {"start": "00:02:09", "end": "00:02:15", "text": "regime. That means it only governs crypto that�\ndoes not already qualify as a financial instrument��"}, {"start": "00:02:15", "end": "00:02:20", "text": "under existing law. Myth 2 is that existing law.�\nIt's the framework built for banks, brokers,��"}, {"start": "00:02:20", "end": "00:02:25", "text": "and traditional stock exchanges. And it's an�\nentirely different beast. And here's where we need��"}, {"start": "00:02:25", "end": "00:02:31", "text": "to dig a little deeper. Article 2, section 4 of�\nMicah says that any crypto asset qualifying as a��"}, {"start": "00:02:31", "end": "00:02:37", "text": "financial instrument under myth 2 is excluded from�\nMicah completely. It falls under the full trad��"}, {"start": "00:02:37", "end": "00:02:43", "text": "stack instead. So the allimp important question is�\nwhere do the authorities draw that line? The ESMA��"}, {"start": "00:02:43", "end": "00:02:49", "text": "that's European securities and markets authority�\nhas guidelines which establish that the blockchain��"}, {"start": "00:02:49", "end": "00:02:55", "text": "rapper does not change the legal reality. So if a�\ntoken behaves economically like a share, a bond,��"}, {"start": "00:02:55", "end": "00:03:01", "text": "a derivative or a fund unit, it gets treated�\nlike one. Regulators have rejected what they call��"}, {"start": "00:03:01", "end": "00:03:07", "text": "semantic arbitrage. That means you can't rebrand�\na derivative as an event contract or dress up a��"}, {"start": "00:03:07", "end": "00:03:14", "text": "security as a utility token and expect that label�\nto save you. Its onchain is not a legal defense.��"}, {"start": "00:03:14", "end": "00:03:18", "text": "And this principle is why the review might�\nreach deep into crypto. If function beats form,��"}, {"start": "00:03:18", "end": "00:03:24", "text": "almost nothing is safe. So let's consider what's�\nactually at stake here. Let's begin with crypto's��"}, {"start": "00:03:24", "end": "00:03:29", "text": "most popular products, perpetual futures and�\nprediction markets. These already need dual��"}, {"start": "00:03:29", "end": "00:03:35", "text": "licensing for EU retail today. a micro license for�\nthe platform side plus full method authorization��"}, {"start": "00:03:35", "end": "00:03:41", "text": "for the derivative side. ESMA has clarified that�\nevent contracts functioning as derivatives need��"}, {"start": "00:03:41", "end": "00:03:46", "text": "mythid authorization. Full stop. The current�\nreview decides whether that dual licensing model��"}, {"start": "00:03:46", "end": "00:03:52", "text": "expands and tightens or whether these products�\nget shoved exclusively under one regime. Next,��"}, {"start": "00:03:52", "end": "00:03:57", "text": "staking and lending. Right now, these are�\nin a gray zone, not specifically regulated��"}, {"start": "00:03:57", "end": "00:04:02", "text": "as a distinct category, but the commission is�\nexplicitly asking whether they need dedicated��"}, {"start": "00:04:02", "end": "00:04:06", "text": "stricter rules. We're talking standards that�\nlook an awful lot like traditional banking��"}, {"start": "00:04:06", "end": "00:04:12", "text": "regulations. Then there's the counterintuitive�\none, realworld assets or RWA and tokenized funds.��"}, {"start": "00:04:12", "end": "00:04:17", "text": "Tokenized treasuries and money market products�\nqualify as mythid financial instruments from��"}, {"start": "00:04:17", "end": "00:04:23", "text": "the very moment they're issued. So a yieldbearing�\ntokenized treasury product can be a transferable��"}, {"start": "00:04:23", "end": "00:04:28", "text": "security which drags in prospectus regulation�\nand a bunch of disclosure requirements none of��"}, {"start": "00:04:28", "end": "00:04:36", "text": "which are micica at all. And finally the big one�\ndefy the defy exemption itself is under review��"}, {"start": "00:04:36", "end": "00:04:42", "text": "right now. Micah recital 22 excludes services�\nprovided in a fully decentralized manner with no��"}, {"start": "00:04:42", "end": "00:04:48", "text": "identifiable intermediary. But here's the�\nissue. Recite 22 provides no precise legal��"}, {"start": "00:04:48", "end": "00:04:54", "text": "test for what fully decentralized actually means.�\nAnd into that gray area, the current review could��"}, {"start": "00:04:54", "end": "00:05:00", "text": "float due diligence requirements on any entity�\ntouching a protocol, plus mandatory smart contract��"}, {"start": "00:05:00", "end": "00:05:05", "text": "certification. That would be a complete mess for�\nDeFi in Europe, making it virtually impossible��"}, {"start": "00:05:05", "end": "00:05:11", "text": "for the ecosystem to be compliant. So, as you�\nsee, a lot is at stake here, and it's hard to��"}, {"start": "00:05:11", "end": "00:05:16", "text": "keep up with all of this legal stuff. Believe me,�\nif you want to cut through that regulatory noise��"}, {"start": "00:05:16", "end": "00:05:21", "text": "and actually find out what's going on quickly,�\nthen join the Coinbureau Telegram channel. That's��"}, {"start": "00:05:21", "end": "00:05:25", "text": "where we share breaking news on Chain Alpha and�\nthe market updates that truly matter the second��"}, {"start": "00:05:25", "end": "00:05:30", "text": "they land. To get involved, just hit the link�\ndown in the description or scan the QR code on��"}, {"start": "00:05:30", "end": "00:05:36", "text": "your screen. Right, back to it. Now, we get to�\nwhy my is potentially lethal for DeFi. To get an��"}, {"start": "00:05:36", "end": "00:05:41", "text": "understanding of this, let's take a look at what�\nMIFIT actually demands and you'll see how each��"}, {"start": "00:05:41", "end": "00:05:47", "text": "one collides with permissionless code. First, you�\nneed licensed investment firm status, a materially��"}, {"start": "00:05:47", "end": "00:05:52", "text": "higher bar than CASP license with capital and�\norganizational standards attached. Second, best��"}, {"start": "00:05:52", "end": "00:05:58", "text": "execution, an obligation to take all sufficient�\nsteps to get clients the best possible result.��"}, {"start": "00:05:58", "end": "00:06:03", "text": "Third, suitability and appropriateness testing.�\nA mandatory assessment of a client's knowledge,��"}, {"start": "00:06:03", "end": "00:06:09", "text": "experience, and risk tolerance before you provide�\nthe service. Fourth, position limits. And fifth,��"}, {"start": "00:06:09", "end": "00:06:16", "text": "full pre and post trade transparency. Now, picture�\na permissionless smart contract trying to satisfy��"}, {"start": "00:06:16", "end": "00:06:22", "text": "any of that. A smart contract cannot run a�\nsuitability test. It can't verify your risk��"}, {"start": "00:06:22", "end": "00:06:27", "text": "tolerance. It can't exercise discretionary�\njudgment on best execution because, well,��"}, {"start": "00:06:27", "end": "00:06:32", "text": "it's autonomous code. These obligations were built�\nfor firms with compliance departments. It doesn't��"}, {"start": "00:06:32", "end": "00:06:37", "text": "really make sense when applied to protocols with�\nno controlling person at all. In other words,��"}, {"start": "00:06:37", "end": "00:06:42", "text": "these requirements are simply impossible for DeFi�\nto meet. But there's an even deeper problem here.��"}, {"start": "00:06:42", "end": "00:06:47", "text": "Financial instrument definitions in Europe are�\nset nationally, member state by member state.��"}, {"start": "00:06:47", "end": "00:06:52", "text": "So the exact same token could be a simple�\nmicica crypto asset in one country and a��"}, {"start": "00:06:52", "end": "00:06:59", "text": "regulated security in another. 27 national�\nregulators, 27 interpretations. Poland is��"}, {"start": "00:06:59", "end": "00:07:04", "text": "one cautionary tail here. It failed to implement�\nits own mic legislation because of a political��"}, {"start": "00:07:04", "end": "00:07:09", "text": "standoff leaving roughly 2,000 local firms�\nin regulatory limbo. And if we scale that��"}, {"start": "00:07:09", "end": "00:07:15", "text": "chaos across a whole continent and hang a myth�\nreclassification on top of that, well, things��"}, {"start": "00:07:15", "end": "00:07:20", "text": "get ridiculously complicated. But that brings�\nus to one more sinister element of this whole��"}, {"start": "00:07:20", "end": "00:07:25", "text": "thing. Because if we consider who can actually�\nsurvive this and who can't, the idea that these��"}, {"start": "00:07:25", "end": "00:07:31", "text": "measures are about protecting retail starts to�\nlook very suspect indeed. Myth's compliance stack,��"}, {"start": "00:07:31", "end": "00:07:37", "text": "licensed firm status, suitability testing, capital�\nrequirements, best execution infrastructure��"}, {"start": "00:07:37", "end": "00:07:43", "text": "is realistically achievable only by the well-�\ncapitalized established firms. So that's banks,��"}, {"start": "00:07:43", "end": "00:07:49", "text": "brokers, and their shiny new tokenization desks.�\nA permissionless non-custodial protocol cannot��"}, {"start": "00:07:49", "end": "00:07:55", "text": "comply by design. But a bank's tokenization�\ndesk, wof, that can comply beautifully. And we��"}, {"start": "00:07:55", "end": "00:07:59", "text": "don't have to guess whether complianced driven�\nconsolidation will happen because it's already��"}, {"start": "00:07:59", "end": "00:08:05", "text": "happening. Remember that collapse from 3,000 firms�\nto under 280 mentioned earlier. That's how things��"}, {"start": "00:08:05", "end": "00:08:10", "text": "are playing out at the mic licensing stage alone�\nbefore my reclassification adds an extra pound of��"}, {"start": "00:08:10", "end": "00:08:16", "text": "weight. And now consider who's positioned to scoop�\nup what's left. JP Morgan's Kexus has processed��"}, {"start": "00:08:16", "end": "00:08:24", "text": "over $4 trillion in transactions averaging around�\n$7 billion daily as of mid 2026. It's JPMCoin now��"}, {"start": "00:08:24", "end": "00:08:31", "text": "issues on base as in their words regulated digital�\ncash with Kexus also exploring other institutional��"}, {"start": "00:08:31", "end": "00:08:37", "text": "DT networks. Ripple, Deutsche Bank, Mastercard,�\nand Ono Finance have all announced tokenization��"}, {"start": "00:08:37", "end": "00:08:42", "text": "initiatives. That's an institutional push to�\ndominate the RWA space, the fastest growing��"}, {"start": "00:08:42", "end": "00:08:48", "text": "space in crypto. And here's one more thing that's�\ntruly telling. Firms already holding me licenses��"}, {"start": "00:08:48", "end": "00:08:53", "text": "get a massive head start on a Micah Article 60,�\nwhich lets them offer crypto services via simple��"}, {"start": "00:08:53", "end": "00:08:59", "text": "notification rather than full authorization.�\nThe advantage is hardwired into the framework.��"}, {"start": "00:08:59", "end": "00:09:05", "text": "Institutions able to operate fluidly across both�\nregimes will lead the tokenized economy. So if��"}, {"start": "00:09:05", "end": "00:09:10", "text": "institutions are the only ones who can play both�\nregimes at once, the real goal becomes obvious.��"}, {"start": "00:09:10", "end": "00:09:16", "text": "Regulators will say these legal measures are about�\ninvestor protection, but the effect is handing��"}, {"start": "00:09:16", "end": "00:09:20", "text": "the future of crypto to the exact institutions�\nthat can't afford the crazy compliance costs.��"}, {"start": "00:09:20", "end": "00:09:25", "text": "This consolidation is driving the new rules.�\nObviously, none of this sounds good. But before��"}, {"start": "00:09:25", "end": "00:09:30", "text": "we go full doomer, let's look at the other side.�\nFirst, what we have right now is an extension of��"}, {"start": "00:09:30", "end": "00:09:36", "text": "the public feedback period, not anything signed�\ninto law. The commission's mandatory report isn't��"}, {"start": "00:09:36", "end": "00:09:43", "text": "due until 30th June 2027 and actual legislative�\namendments aren't expected until roughly 2028. So��"}, {"start": "00:09:43", "end": "00:09:50", "text": "nothing here is settled. Second, the EU has real�\nprecedent for calibrated carveouts. The so-called��"}, {"start": "00:09:50", "end": "00:09:56", "text": "digital ledger technology pilot regime exists as�\na regulatory sandbox letting authorized firms run��"}, {"start": "00:09:56", "end": "00:10:02", "text": "DT market infrastructure with targeted exemptions�\nfrom specific myth requirements. So the machinery��"}, {"start": "00:10:02", "end": "00:10:07", "text": "to write crypto-friendly exemptions exists.�\nThird, and this is the big one, the industry is��"}, {"start": "00:10:07", "end": "00:10:14", "text": "not powerless here. That deadline extension from�\nthe 31st of August to the 30th of September, it's��"}, {"start": "00:10:14", "end": "00:10:19", "text": "being read across the industry as a direct result�\nof lobbying pressure. Serious voices are engaging��"}, {"start": "00:10:19", "end": "00:10:25", "text": "constructively from Coinbase to compliance firms�\nlike Notab. Industry voices have warned the review��"}, {"start": "00:10:25", "end": "00:10:30", "text": "risks creating a bureaucratic machine that could�\nstifle a Nassan industry. So this is not a done��"}, {"start": "00:10:30", "end": "00:10:35", "text": "deal, but the concerns and the risks to the�\nindustry are there for everyone to see. On��"}, {"start": "00:10:35", "end": "00:10:41", "text": "one hand, the stated goal is entirely reasonable,�\nright? Nobody sensible argues that retail should��"}, {"start": "00:10:41", "end": "00:10:46", "text": "be handed opaque, leveraged, unregulated products�\nwith no protection whatsoever. Suitability��"}, {"start": "00:10:46", "end": "00:10:51", "text": "testing, transparency, capital requirements, these�\nexist for good reasons. But on the other hand,��"}, {"start": "00:10:51", "end": "00:10:57", "text": "applying that Tradfi stack to permissionless�\ncrypto simply substitutes DeFi with permission��"}, {"start": "00:10:57", "end": "00:11:02", "text": "bankisssued alternatives. You don't make DeFi�\nsafer by demanding it to do things code physically��"}, {"start": "00:11:02", "end": "00:11:07", "text": "cannot do. You just make DeFi illegal and�\nreplace it with a permissioned bankissued��"}, {"start": "00:11:07", "end": "00:11:12", "text": "version that captures the same economic activity.�\nThe retail user doesn't get a safer per or a safer��"}, {"start": "00:11:12", "end": "00:11:18", "text": "yield product. They get a bank's tokenized fund�\nwith three layers of fees or they get nothing��"}, {"start": "00:11:18", "end": "00:11:23", "text": "at all offered legally in Europe. And that's why�\nthis lands on crypto users, not on some Brussels��"}, {"start": "00:11:23", "end": "00:11:28", "text": "committee, because this hits the products regular�\npeople use, earning yield on your assets, trading,��"}, {"start": "00:11:28", "end": "00:11:33", "text": "using a DeFi app that doesn't ask permission.�\nIf offering these legally in Europe becomes��"}, {"start": "00:11:33", "end": "00:11:39", "text": "impossible, the builders and the liquidity are�\nforced to go offshore. The European user either��"}, {"start": "00:11:39", "end": "00:11:44", "text": "gets walled out entirely or pushed toward riskier,�\nunregulated venues, which is the exact opposite of��"}, {"start": "00:11:44", "end": "00:11:49", "text": "what protection is supposed to achieve. And as it�\nhappens, legal monitoring is already live. By the��"}, {"start": "00:11:49", "end": "00:11:55", "text": "way, Fint Telegram has launched a Micah/MIFid�\nparameter radar to track DEX frontends,��"}, {"start": "00:11:55", "end": "00:12:00", "text": "an onchain derivative platform serving EU users�\nwithout authorization. Hyperlquid is already��"}, {"start": "00:12:00", "end": "00:12:06", "text": "flagged on it. So, in other words, the walling�\noff has just begun. And with that in mind,��"}, {"start": "00:12:06", "end": "00:12:10", "text": "let's look at the signals that actually�\ntell you which way this is going. First,��"}, {"start": "00:12:10", "end": "00:12:16", "text": "the responses before that 30th of September�\ndeadline. If the industry floods this file with��"}, {"start": "00:12:16", "end": "00:12:21", "text": "feedback and the commission's language stays open,�\nthat's your signal that DeFi exemption survives��"}, {"start": "00:12:21", "end": "00:12:27", "text": "in some workable form. Second, we have to watch�\nwhether ESMA defines genuine decentralization.��"}, {"start": "00:12:27", "end": "00:12:32", "text": "This is expected during 2026 and this is the�\nsingle most important definition in the entire��"}, {"start": "00:12:32", "end": "00:12:38", "text": "debate. A narrow workable test keeps DeFi alive,�\nbut a test that voids the exemption the moment any��"}, {"start": "00:12:38", "end": "00:12:44", "text": "human touches a front end or a multisig kills it.�\nThird, the competing jurisdictions because capital��"}, {"start": "00:12:44", "end": "00:12:51", "text": "tends to vote with its feet. Switzerland captured�\n47% of all European blockchain VC funding in 2025,��"}, {"start": "00:12:51", "end": "00:12:59", "text": "some $728 million. Legal advisers reported a sharp�\nrise in relocation inquiries from European crypto��"}, {"start": "00:12:59", "end": "00:13:04", "text": "founders, many from EU states like Germany, Spain,�\nand Italy. The UK has published its final crypto��"}, {"start": "00:13:04", "end": "00:13:12", "text": "rules and is deliberately undercutting the EU a�\n1% stable capital flaw versus the EU's 2%. So if��"}, {"start": "00:13:12", "end": "00:13:17", "text": "those inflows accelerate through 2027, that's�\nEurope exporting its talent and capital. And��"}, {"start": "00:13:17", "end": "00:13:23", "text": "finally, of course, there's the eventual June 2027�\ncommission report itself. That document is the��"}, {"start": "00:13:23", "end": "00:13:29", "text": "one that can carry binding legislative proposals.�\nEverything before that is input. But that report��"}, {"start": "00:13:29", "end": "00:13:35", "text": "is where input becomes law and that could change�\neverything for crypto in Europe. So tell us what��"}, {"start": "00:13:35", "end": "00:13:40", "text": "do you think? Is the EU attempting to bring real�\nprotection to crypto or is it regulatory capture��"}, {"start": "00:13:40", "end": "00:13:46", "text": "from the legacy finance powers that be? Please�\nget highly highly opinionated in the comments��"}, {"start": "00:13:46", "end": "00:13:51", "text": "down below. And if you want to understand how�\nMicah already reshaped the entire European market��"}, {"start": "00:13:51", "end": "00:13:55", "text": "before this fight even started, then definitely�\ncheck out our full breakdown right over here.��"}, {"start": "00:13:56", "end": "00:14:02", "text": "Thank you all so much for watching and I'll see�\nyou again very soon. This is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Back in December 2025, a crypto trader did�\nalmost everything right. When he wanted to��"}, {"start": "00:00:06", "end": "00:00:10", "text": "withdraw his funds from Binance,�\nhe sent a small test transaction��"}, {"start": "00:00:10", "end": "00:00:20", "text": "first to confirm the destination. It landed�\nperfectly, so he sent the rest. $49,999,950"}, {"start": "00:00:20", "end": "00:00:28", "text": "in USDT straight into the hands of an attacker�\nin just a single click. Just 2 months earlier,��"}, {"start": "00:00:28", "end": "00:00:34", "text": "1.6 6 million traders were wiped out in a�\nmatter of hours on one October afternoon��"}, {"start": "00:00:34", "end": "00:00:42", "text": "and 11.56 million tokens representing 86%�\nof every failed token in crypto history died��"}, {"start": "00:00:42", "end": "00:00:48", "text": "in just the last 12 months. The people who�\nget hurt in 2026 aren't the careless ones,��"}, {"start": "00:00:48", "end": "00:00:54", "text": "but the average investors who don't realize that�\nthe game has changed. The exits are narrower,��"}, {"start": "00:00:54", "end": "00:01:01", "text": "the scams are smarter, and the tax man now sees�\nevery single transaction you make. So today,��"}, {"start": "00:01:01", "end": "00:01:06", "text": "I'm going to walk you through the seven mistakes�\nthat will wreck your portfolio this year,��"}, {"start": "00:01:06", "end": "00:01:11", "text": "show you the mechanics behind each one,�\nand lay out precisely how the smart money��"}, {"start": "00:01:11", "end": "00:01:18", "text": "sidesteps every single trap. My name is Guy�\nand you're watching the Coin Bureau. Now,��"}, {"start": "00:01:18", "end": "00:01:26", "text": "crypto criminals had an absolutely golden year in�\n2025. Chain Analysis clocked $3.4 billion stolen��"}, {"start": "00:01:26", "end": "00:01:35", "text": "outright, while the FBI logged 11.36 billion in�\ncrypto fraud losses across the US alone. And the��"}, {"start": "00:01:35", "end": "00:01:41", "text": "fear and greed backdrop made it worse because�\nfrightened people make rush decisions. So,��"}, {"start": "00:01:41", "end": "00:01:47", "text": "let's start with one of the most common mistakes�\nin crypto, but also one of the easiest to avoid.��"}, {"start": "00:01:47", "end": "00:01:54", "text": "This is the copy paste trap, otherwise known�\nas address poisoning. It works like this. An��"}, {"start": "00:01:54", "end": "00:01:59", "text": "attacker watches the blockchain for your�\ntransactions, then generates a lookalike��"}, {"start": "00:01:59", "end": "00:02:07", "text": "wallet address that shares the same first few and�\nlast few characters as the one you actually use.��"}, {"start": "00:02:07", "end": "00:02:14", "text": "They then send you a tiny dust transaction from�\nthat fake address so it sits there in your history��"}, {"start": "00:02:14", "end": "00:02:21", "text": "looking innocent and inconsequential. Then they�\nwait for you to copy the wrong one when you're��"}, {"start": "00:02:21", "end": "00:02:29", "text": "sending crypto to what you think is a legit�\naddress. And this method is extremely popular��"}, {"start": "00:02:29", "end": "00:02:36", "text": "with the villains out there. Since January 2025,�\nsecurity firm Blockade has flagged over 160,000��"}, {"start": "00:02:36", "end": "00:02:43", "text": "of these poisoning transactions every single day.�\nResearch cross referenced by Coin Metrics found��"}, {"start": "00:02:43", "end": "00:02:51", "text": "that 67% of new Ethereum addresses got dusted on�\ntheir very first stable coin interaction. That's��"}, {"start": "00:02:51", "end": "00:02:59", "text": "23 of newcomers targeted before they'd even done�\nanything. Welcome to crypto. And remember our��"}, {"start": "00:02:59", "end": "00:03:06", "text": "$50 million trader from earlier? Well, he even�\nsent that test transaction first, a textbook��"}, {"start": "00:03:06", "end": "00:03:14", "text": "security procedure. But an automated bot saw it,�\nspun up a vanity address matching his destination,��"}, {"start": "00:03:14", "end": "00:03:20", "text": "and poisoned his history within minutes. He came�\nback, copied the address from his own transaction��"}, {"start": "00:03:20", "end": "00:03:27", "text": "log, and sent the lot. The attacker then swapped�\nit into dye to dodge Tether's freeze, converted��"}, {"start": "00:03:27", "end": "00:03:36", "text": "it to roughly 16,690 ETH, and washed it through�\ntornado cash. Gone. And what's more, Ethereum's��"}, {"start": "00:03:36", "end": "00:03:43", "text": "Fusaka upgrade in December dramatically cut�\nlayer 2 transaction fees with initial reductions��"}, {"start": "00:03:43", "end": "00:03:52", "text": "estimated at 40 to 60% with the potential to reach�\nup to 95% as blob throughput scales through 2026.��"}, {"start": "00:03:52", "end": "00:03:58", "text": "Now, that's great for you and me, but it's also�\nan absolute gift to the scammers because cheaper��"}, {"start": "00:03:58", "end": "00:04:05", "text": "layer 2 transactions turned poisoning from a�\ntrickle into a torrent. Attempts jumped 5.5x��"}, {"start": "00:04:05", "end": "00:04:14", "text": "from 628,000 in November to 3.4 million in�\nJanuary 2026. So, when you're sending crypto,��"}, {"start": "00:04:14", "end": "00:04:20", "text": "copy the address you're sending to from the�\ndestination itself, not from your transaction��"}, {"start": "00:04:20", "end": "00:04:27", "text": "history. And just checking the first and last�\nfour characters is not enough. You need to verify��"}, {"start": "00:04:27", "end": "00:04:34", "text": "the entire address or use a hardware wallet that�\ndisplays it in full. Which brings us neatly to the��"}, {"start": "00:04:34", "end": "00:04:41", "text": "keys protecting those funds in the first place.�\nMistake number two is what I call self-custody��"}, {"start": "00:04:41", "end": "00:04:48", "text": "theater. You've all heard not your keys, not your�\ncoins, and it's as true today as it's ever been.��"}, {"start": "00:04:48", "end": "00:04:55", "text": "But owning your keys is step one, not the finish�\nline. Because self-custody only protects you if��"}, {"start": "00:04:55", "end": "00:05:02", "text": "your operational security isn't a shitow. And for�\nmost people, I'm afraid it absolutely is. TRM Labs��"}, {"start": "00:05:02", "end": "00:05:10", "text": "found that in the first half of 2025, over 80% of�\nall stolen crypto value came from infrastructure��"}, {"start": "00:05:10", "end": "00:05:16", "text": "attacks, which is the industry's polite term for�\nprivate key and seed phrase theft. Apply that to��"}, {"start": "00:05:16", "end": "00:05:24", "text": "the 3.4 4 billion stolen and you're looking at�\nwell over $2.7 billion lost not to clever code��"}, {"start": "00:05:24", "end": "00:05:31", "text": "but to mismanaged keys. So, how does it happen?�\nWell, one common way is tampered hardware wallets��"}, {"start": "00:05:31", "end": "00:05:37", "text": "bought on gray market sites arriving with a�\nrecovery card that the attacker has already��"}, {"start": "00:05:37", "end": "00:05:43", "text": "filled in. Then there are fake wallet apps on the�\nofficial app stores that harvest your seed phrase��"}, {"start": "00:05:43", "end": "00:05:49", "text": "the second you type it in. And then there's the�\nclassic people screenshotting their seed phrase��"}, {"start": "00:05:49", "end": "00:05:56", "text": "straight into iCloud or Google Photos, creating a�\npermanent backdoor that gets kicked in the moment��"}, {"start": "00:05:56", "end": "00:06:04", "text": "their cloud account is fished. Signature fishing�\nalone jumped 207% in January 2026 versus the month��"}, {"start": "00:06:04", "end": "00:06:11", "text": "before. So owning your keys means nothing if an�\nattacker already knows your seed phrase. Buy your��"}, {"start": "00:06:11", "end": "00:06:17", "text": "hardware device directly from the manufacturer.�\ngenerate the seed yourself and never ever let��"}, {"start": "00:06:17", "end": "00:06:24", "text": "that seed phrase get onto an electronic device of�\nany kind. Now, mistake number three is where the��"}, {"start": "00:06:24", "end": "00:06:30", "text": "losses can get truly biblical, and that's in�\nthe good old leverage casino. On the 10th of��"}, {"start": "00:06:30", "end": "00:06:38", "text": "October 2025, Donald Trump posted on Truth Social,�\nthreatening a 100% tariff on Chinese imports and��"}, {"start": "00:06:38", "end": "00:06:45", "text": "markets, to use a technical term, shat the bed.�\nWhat followed was the single largest liquidation��"}, {"start": "00:06:45", "end": "00:06:51", "text": "event in the history of crypto. $19 billion in�\nleverage positions were wiped out. And to put��"}, {"start": "00:06:51", "end": "00:06:59", "text": "that into perspective, the entire FTX collapse�\ntriggered around $1.6 billion in liquidations. So��"}, {"start": "00:06:59", "end": "00:07:05", "text": "this was roughly 12 times bigger. At the peak of�\nthe cascade, liquidations tore through positions��"}, {"start": "00:07:05", "end": "00:07:12", "text": "at extraordinary speed with nearly $10 billion�\nworth forced closed in a single 40minute window.��"}, {"start": "00:07:12", "end": "00:07:19", "text": "And for the uninitiated, here's why leverage is so�\nlethal. When the price drops, leverage longs hit��"}, {"start": "00:07:19", "end": "00:07:25", "text": "their margin threshold and the exchange force�\nsells their position. That selling pushes the��"}, {"start": "00:07:25", "end": "00:07:30", "text": "price still lower, which tips the next wave of�\nlongs over the edge, which forces more selling.��"}, {"start": "00:07:30", "end": "00:07:36", "text": "the whole cascade feeding on itself. When the�\n[�__�] hits the fan in this way, retail leverage��"}, {"start": "00:07:36", "end": "00:07:44", "text": "longs become the exit liquidity for the broader�\nmarket. And back in October, 87% of the liquidated��"}, {"start": "00:07:44", "end": "00:07:52", "text": "positions were indeed longs. The crowd was almost�\nentirely on one side and any whales who were short��"}, {"start": "00:07:52", "end": "00:07:59", "text": "collected the lot. So don't tell yourself just a�\nlittle leverage keeps you safe. Your position size��"}, {"start": "00:07:59", "end": "00:08:04", "text": "won't save you from getting wiped out by the�\nunderlying market structure. In a fast enough��"}, {"start": "00:08:04", "end": "00:08:10", "text": "move, even 2x gets liquidated before your margin�\ncall can be answered. So, the only winning move in��"}, {"start": "00:08:10", "end": "00:08:16", "text": "this particular casino is not to play with size�\nyou can't afford to lose. Which leads us neatly��"}, {"start": "00:08:16", "end": "00:08:22", "text": "into the next bet that's stacked against you�\nbefore you even place it. And mistake number four��"}, {"start": "00:08:22", "end": "00:08:32", "text": "is playing the memecoin lottery. Now, remember�\nthat figure from earlier in the video? 11,564,99"}, {"start": "00:08:32", "end": "00:08:42", "text": "tokens failed in 2025. That's nearly 86% of every�\ntoken failure in the entire 2021 to 2025 data set��"}, {"start": "00:08:42", "end": "00:08:50", "text": "crammed into one single year. And the memecoin�\nsector that fueled it has been gutted. Market cap��"}, {"start": "00:08:50", "end": "00:08:58", "text": "peaked at 150.6 6 billion in December 2024,�\nbut by the end of 2025, it had collapsed to��"}, {"start": "00:08:58", "end": "00:09:06", "text": "somewhere between 35 and 47 billion. That's�\nover 100 billion simply gone. Web traffic to��"}, {"start": "00:09:06", "end": "00:09:15", "text": "memecoin sites fell 81.6% as the audience left in�\ndisgust. So, memecoins may supposedly have made a��"}, {"start": "00:09:15", "end": "00:09:23", "text": "few bros on crypto Twitter rich, but be under no�\nillusion. They won't do the same for you. Now,��"}, {"start": "00:09:23", "end": "00:09:29", "text": "mistake number five is the boring one, which is�\nwhy it could cost you more than any hacker. Yes,��"}, {"start": "00:09:29", "end": "00:09:35", "text": "folks, you need to take very good care not�\nto find yourself sleepwalking into the new��"}, {"start": "00:09:35", "end": "00:09:43", "text": "tax regime. As of the 2025 tax year, US brokers�\nlike Coinbase, Kraken, and PayPal must file Form��"}, {"start": "00:09:43", "end": "00:09:53", "text": "1099DA. This reports your transactions directly to�\nthe IRS with no minimum threshold whatsoever. So,��"}, {"start": "00:09:53", "end": "00:10:00", "text": "the IRS isn't guessing anymore. They have a direct�\ndata feed, and if your figures don't match theirs,��"}, {"start": "00:10:00", "end": "00:10:07", "text": "you're flagged automatically. No human review,�\nno benefit of the doubt. But it gets worse. Under��"}, {"start": "00:10:07", "end": "00:10:16", "text": "revenue procedure 2024 to28, the universal wallet�\nmethod died on the 1st of January 2025. Now,��"}, {"start": "00:10:16", "end": "00:10:21", "text": "for those unfamiliar, that's the old trick of�\npooling all your crypto across every wallet��"}, {"start": "00:10:21", "end": "00:10:27", "text": "into one big cost basis bucket. Now, every�\nwallet and every account is its own separate��"}, {"start": "00:10:27", "end": "00:10:34", "text": "ledger. And the safe harbor window to fix your�\nhistorical records has already closed. And here's��"}, {"start": "00:10:34", "end": "00:10:40", "text": "the cruel twist for the DeFi crowd. When Trump�\nrepealed the DeFi broker rule in April 2025,��"}, {"start": "00:10:40", "end": "00:10:48", "text": "it felt like a win. But the IRS treats DeFi�\nsilence as a red flag and not a free pass. There��"}, {"start": "00:10:48", "end": "00:10:55", "text": "is no unis swap data feed, so they'll just analyze�\nyour onchain footprint instead, and the burden of��"}, {"start": "00:10:55", "end": "00:11:02", "text": "proof falls entirely on you. Get it wrong through�\nsloppiness, and that's a 20% accuracy penalty.��"}, {"start": "00:11:02", "end": "00:11:09", "text": "get it wrong in a way they can call fraud, and�\nthe civil fraud penalty runs up to 75% of the��"}, {"start": "00:11:09", "end": "00:11:16", "text": "underpayment on top of the tax you already owed.�\nCasual recordkeeping just became a legal landmine.��"}, {"start": "00:11:16", "end": "00:11:23", "text": "So, open up those spreadsheets and prepare to up�\nyour game. Now, mistake number six is the threat��"}, {"start": "00:11:23", "end": "00:11:32", "text": "that barely existed at this scale 2 years ago, the�\nexplosion of AI scams. In its 2025 report, the FBI��"}, {"start": "00:11:32", "end": "00:11:40", "text": "tracked AI related fraud as a standalone category�\nfor the very first time. The total $893 million��"}, {"start": "00:11:40", "end": "00:11:47", "text": "across more than 22,000 complaints. And the FBI�\nsays that's a significant undercount because most��"}, {"start": "00:11:47", "end": "00:11:55", "text": "victims never realize AI was even used. And here's�\nwhy it's exploding. Ch analysis found AI enabled��"}, {"start": "00:11:55", "end": "00:12:04", "text": "scams average $3.2 2 million per operation versus�\naround $719,000 for the old-fashioned kind. That's��"}, {"start": "00:12:04", "end": "00:12:11", "text": "$4.5 times more profitable. And the economics�\nare overwhelmingly in the scammer's favor. So, we��"}, {"start": "00:12:11", "end": "00:12:18", "text": "end up with deep fake videos of figures like Elon�\nMusk and Vitalic Buterin promoting fake giveaways.��"}, {"start": "00:12:18", "end": "00:12:23", "text": "There are fake Web3 job interviews, slick LinkedIn�\nrecruiters who near the end of a polished video��"}, {"start": "00:12:23", "end": "00:12:29", "text": "call ask you to download an HR portal that's�\nactually a wallet drainer. Developers are the��"}, {"start": "00:12:29", "end": "00:12:35", "text": "prime target here because their machines are often�\nstuffed with private keys. And you also get voice��"}, {"start": "00:12:35", "end": "00:12:43", "text": "cloning where just 3 seconds of audio produces�\nan 85% accurate clone of someone you trust. So��"}, {"start": "00:12:43", "end": "00:12:50", "text": "the old advice, spot the bad grammar, is obsolete.�\nAs one FBI official told the Wall Street Journal,��"}, {"start": "00:12:50", "end": "00:12:56", "text": "\"AI communications now look very official�\nand very legitimate to even the most trained��"}, {"start": "00:12:56", "end": "00:13:04", "text": "individuals.\" That warning applies directly to�\neveryone, not just to less techsavvy users. Now,��"}, {"start": "00:13:04", "end": "00:13:09", "text": "keeping up with all of this can be a full-time�\njob, and most of you probably don't have 16 hours��"}, {"start": "00:13:09", "end": "00:13:14", "text": "a day to sit glued to a screen. So, here's what we�\nbuilt. Right here on YouTube, you can now access��"}, {"start": "00:13:14", "end": "00:13:20", "text": "the new Coinbureau Club light plan. For just $10 a�\nmonth, you'll get daily market updates across both��"}, {"start": "00:13:20", "end": "00:13:29", "text": "crypto and trades and curated updates with only�\nthe bits that actually matter. Just tap the join��"}, {"start": "00:13:29", "end": "00:13:35", "text": "button below this video to get started. Right,�\nlet's get back to it because the seventh mistake��"}, {"start": "00:13:35", "end": "00:13:43", "text": "is the darkest of the lot. Recovery scams. These�\nare really about as low as it gets in crypto,��"}, {"start": "00:13:43", "end": "00:13:51", "text": "which is really saying something. In 2025, victims�\nlost approximately $1.4 billion to fund recovery��"}, {"start": "00:13:51", "end": "00:13:59", "text": "services across more than 10,000 complaints. These�\nscumbags specifically target people who've already��"}, {"start": "00:13:59", "end": "00:14:06", "text": "been scammed once. Because you see, once you've�\nbeen hit, your details, name, email, amount lost,��"}, {"start": "00:14:06", "end": "00:14:13", "text": "etc. gets sold on dark web markets as a commodity.�\nThen scammers monitor public forums for anyone��"}, {"start": "00:14:13", "end": "00:14:19", "text": "posting about a loss. And within minutes, the�\nDMs start arriving. I'm a forensic blockchain��"}, {"start": "00:14:19", "end": "00:14:25", "text": "analyst. I work with the FBI. Our firm can trace�\nand recover your funds. They charge an upfront��"}, {"start": "00:14:25", "end": "00:14:32", "text": "retainer or a release fee paid in crypto, of�\ncourse, and then they vanish, leaving you poorer��"}, {"start": "00:14:32", "end": "00:14:39", "text": "twice over, as if things weren't already bad�\nenough. So, burn these rules into your memory.��"}, {"start": "00:14:39", "end": "00:14:46", "text": "Legitimate law enforcement never asks for upfront�\nfees to recover funds. No one can reverse a��"}, {"start": "00:14:46", "end": "00:14:53", "text": "blockchain transaction. That's the lie the entire�\nrecovery industry is basically built on. And if��"}, {"start": "00:14:53", "end": "00:15:00", "text": "they found you, it's already a scam. In fact, a�\nhuge share of the crypto help content circulating��"}, {"start": "00:15:00", "end": "00:15:06", "text": "online right now is itself recovery scam bait.�\nThe coordinated comments promising someone got��"}, {"start": "00:15:06", "end": "00:15:14", "text": "$80,000 back in 48 hours or whatever. The only�\nlegitimate reporting channel is the FBI's own site��"}, {"start": "00:15:14", "end": "00:15:22", "text": "at ic3.gov. Now, sad to say, scammers are only�\ngetting smarter. The tools available to them are��"}, {"start": "00:15:22", "end": "00:15:28", "text": "better and their methods have been honed through�\nyears of use. The only thing that hasn't upgraded��"}, {"start": "00:15:28", "end": "00:15:33", "text": "enough is the average investor's awareness. The�\naddress you trusted, the keys you thought were��"}, {"start": "00:15:33", "end": "00:15:39", "text": "safe, the leverage that felt small, the token that�\nlooked early, the taxes nobody warned you about,��"}, {"start": "00:15:39", "end": "00:15:44", "text": "the scam too clever to spot, and the helping�\nhand that turns out to be another punch in the��"}, {"start": "00:15:44", "end": "00:15:51", "text": "stomach. But there is some good news. Every one of�\nthese mistakes is avoidable with the right habits.��"}, {"start": "00:15:51", "end": "00:15:57", "text": "The market is specifically rigged against people�\nwho don't understand its mechanics. So wise up,��"}, {"start": "00:15:57", "end": "00:16:02", "text": "stay skeptical, don't make snap decisions�\nunder pressure, keep your wits about you,��"}, {"start": "00:16:02", "end": "00:16:09", "text": "dial back the leverage, and there's no reason�\nwhy you should end up a victim. Okay? Let me know��"}, {"start": "00:16:09", "end": "00:16:14", "text": "down in the comments which of these seven you've�\nalready seen happen to someone you know because��"}, {"start": "00:16:14", "end": "00:16:19", "text": "I want to know how widespread this really is. And�\nif you want to lock down the foundation properly,��"}, {"start": "00:16:19", "end": "00:16:24", "text": "then definitely check out our deep dive�\non self-custody right over here. Okay,��"}, {"start": "00:16:24", "end": "00:16:30", "text": "thank you all so much for watching and I'll see�\nyou again very soon. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "You are so full of [�__�] That's what the most�\npowerful bank on Earth said to Coinbase's CEO,��"}, {"start": "00:00:06", "end": "00:00:12", "text": "not once, but twice. Jaime Diamond said this to�\nBrian Armstrong's face first at Davos in January��"}, {"start": "00:00:12", "end": "00:00:18", "text": "this year, then again live on Fox Business a�\nfew months later. Full of [�__�] Jaime Diamond,��"}, {"start": "00:00:18", "end": "00:00:23", "text": "the man running a $900 billion bank versus�\nBrian Armstrong, the man running the biggest��"}, {"start": "00:00:23", "end": "00:00:28", "text": "crypto exchange in America. So, make no mistake.�\nThis is a war for trillions of dollars sitting in��"}, {"start": "00:00:28", "end": "00:00:34", "text": "your bank account. Diamond has picked his enemy�\nand it's a very specific one. The yieldpaying��"}, {"start": "00:00:34", "end": "00:00:38", "text": "stable coin, the thing that could finally pay�\nyou interest on your own money. And of course,��"}, {"start": "00:00:38", "end": "00:00:44", "text": "he's using every lever in Washington to kill it�\nbefore it eventually kills him. So today, we're��"}, {"start": "00:00:44", "end": "00:00:49", "text": "going to show you exactly what Diamond is really�\nafraid of. The hypocrisy of a man condemning the��"}, {"start": "00:00:49", "end": "00:00:54", "text": "exact same thing his own bank is already doing�\nand why all of his efforts to stop yield paying��"}, {"start": "00:00:54", "end": "00:01:01", "text": "stable coins might actually be in vain. My name�\nis DC and you're watching the Coin Bureau. At the��"}, {"start": "00:01:01", "end": "00:01:06", "text": "time of shooting this video, the effective federal�\nfunds rate is sitting at around 3.6%. The 10-year��"}, {"start": "00:01:06", "end": "00:01:13", "text": "Treasury yields around 4.5%. And yet, the interest�\nyour bank pays you on your deposits near zero. And��"}, {"start": "00:01:13", "end": "00:01:17", "text": "this exact difference between what banks earn on�\nyour money and what they pay you for it is the��"}, {"start": "00:01:17", "end": "00:01:22", "text": "single most profitable thing in modern finance.�\nNow, imagine a digital dollar that just hands 4%��"}, {"start": "00:01:22", "end": "00:01:27", "text": "straight back to you. That's the ghost haunting�\nJaime Diamond. And it's exactly why he went to��"}, {"start": "00:01:27", "end": "00:01:32", "text": "war. Which brings us to Diamond's major accusation�\nhere on Fox Business. Diamond didn't mince his��"}, {"start": "00:01:32", "end": "00:01:39", "text": "words. He said Armstrong was quote full of [�__�]�\nDiamond argued the Clarity Act quote allows them��"}, {"start": "00:01:39", "end": "00:01:45", "text": "to effectively pay interest on deposits, stable�\ncoins, or something like that without protection��"}, {"start": "00:01:45", "end": "00:01:50", "text": "that they should have. And then came the line�\nthat set the tone for everything. The banks��"}, {"start": "00:01:50", "end": "00:01:55", "text": "will not accept it. When asked if he'd fight�\nit, Diamond said, quote, \"No one's going to bow��"}, {"start": "00:01:55", "end": "00:02:00", "text": "down to this guy or that company.\" He even warned�\nthe whole system would eventually blow up if the��"}, {"start": "00:02:00", "end": "00:02:05", "text": "bill passed as written. Now, Coinbase's response�\nwas pretty calm by comparison. Armstrong called��"}, {"start": "00:02:05", "end": "00:02:10", "text": "the feud kind of sad. He mentioned that he was a�\nlittle perplexed, but still had a lot of respect��"}, {"start": "00:02:10", "end": "00:02:15", "text": "for Diamond. He even posted an AI meme of the two�\nof them as rival hockey players. But underneath��"}, {"start": "00:02:15", "end": "00:02:21", "text": "the politeness, Coinbase's real argument hit like�\na hammer. Through Armstrong and policy chief Far��"}, {"start": "00:02:21", "end": "00:02:27", "text": "Sherzad, the message was that the banks are simply�\ntrying to ban their competition. And then Ripple's��"}, {"start": "00:02:27", "end": "00:02:33", "text": "Brad Garlinghouse piled on. On June 11th, he said�\nDiamond is trying to protect and dig a deeper moat��"}, {"start": "00:02:33", "end": "00:02:39", "text": "around a business that is extremely profitable�\nfor them. And this raises the question exactly how��"}, {"start": "00:02:39", "end": "00:02:44", "text": "profitable. Garlinghouse pointed at JP Morgan's�\npayment business roughly 20 billion in annual��"}, {"start": "00:02:44", "end": "00:02:50", "text": "revenue and about $5 billion in profit. And that�\nin all likelihood is what this is really about.��"}, {"start": "00:02:50", "end": "00:02:55", "text": "This is a pure turf war. But of course, Diamond�\ndoesn't say it's a turf war. He has an official��"}, {"start": "00:02:55", "end": "00:03:01", "text": "story and it sounds very responsible indeed. So�\nlet's consider that for a second. JP Morgan's��"}, {"start": "00:03:01", "end": "00:03:06", "text": "main argument now is that yieldpaying stable coins�\nare a new form of shadow banking. And here's the��"}, {"start": "00:03:06", "end": "00:03:11", "text": "logic behind that. According to the bankers,�\nif a crypto platform pays you a return on the��"}, {"start": "00:03:11", "end": "00:03:16", "text": "dollars you park with it, then it's functionally�\nacting like a bank taking deposits. But it doesn't��"}, {"start": "00:03:16", "end": "00:03:22", "text": "carry any of the burdens a real bank carries. FDIC�\ninsurance, capital requirements, liquidity rules,��"}, {"start": "00:03:22", "end": "00:03:27", "text": "anti-moneyaundering obligations, and so on. JP�\nMorgan says these companies want the deposit��"}, {"start": "00:03:27", "end": "00:03:33", "text": "business without the deposit rules. Their position�\nis that stable coins used purely for payments are��"}, {"start": "00:03:33", "end": "00:03:38", "text": "fine. Paying yield on idle balances is the line�\nthey will not cross. But they have a scary number��"}, {"start": "00:03:38", "end": "00:03:45", "text": "to attach to this narrative in deposit flight.�\nBank of America CEO Brian Moahan warned that up to��"}, {"start": "00:03:45", "end": "00:03:51", "text": "$6 trillion around 35% of all bank deposits could�\nwalk out of the door if yieldbearing stable coins��"}, {"start": "00:03:51", "end": "00:03:57", "text": "are allowed. The Community Bankers Association�\nwarned of a $1.3 trillion drain from small banks��"}, {"start": "00:03:57", "end": "00:04:05", "text": "alone, cutting lending capacity by $850 billion.�\nThat sounds like a genuine systemic risk. But does��"}, {"start": "00:04:05", "end": "00:04:10", "text": "the story stand up to scrutiny? Because the White�\nHouse itself publicly took Diamond apart. Patrick��"}, {"start": "00:04:10", "end": "00:04:15", "text": "Wit, the administration's executive director�\nfor digital assets, called Diamond's logic��"}, {"start": "00:04:15", "end": "00:04:20", "text": "deliberately inaccurate, and his counterargument�\nis the key that unlocks this whole thing. which��"}, {"start": "00:04:20", "end": "00:04:25", "text": "said, and I'm quoting, \"It is not the paying�\nof yield on a balance per se that necessitates��"}, {"start": "00:04:25", "end": "00:04:30", "text": "bank-like regulations, but rather the lending�\nout or rehypothecation of the dollars.\" So,��"}, {"start": "00:04:30", "end": "00:04:35", "text": "in simple terms, he's saying banks are dangerous�\nbecause they take your deposit and lend it out��"}, {"start": "00:04:35", "end": "00:04:41", "text": "10 times over. That's fractional reserve banking�\nand that's what causes bank runs. But stable coin��"}, {"start": "00:04:41", "end": "00:04:47", "text": "issuers legally can't do that. The Genius Act,�\nthe Stablecoin law already passed back in 2025,��"}, {"start": "00:04:47", "end": "00:04:52", "text": "explicitly forbids issuers from lending out their�\nreserves. So, the whole it'll blow up like a bank��"}, {"start": "00:04:52", "end": "00:04:57", "text": "argument collapses because these things aren't�\nstructured like banks at all. The White House��"}, {"start": "00:04:57", "end": "00:05:02", "text": "Council of Economic Advisers has even run some�\nanalysis on this. And they found that banning��"}, {"start": "00:05:02", "end": "00:05:09", "text": "stable coin yield entirely would increase bank�\nlending by just $2.1 billion. That's a 0.02%��"}, {"start": "00:05:09", "end": "00:05:14", "text": "increase in total credit. So, a rounding�\nerror on a rounding error. And meanwhile,��"}, {"start": "00:05:14", "end": "00:05:19", "text": "killing that yield would cost consumers an�\nestimated $800 million in lost benefits. So, this��"}, {"start": "00:05:19", "end": "00:05:25", "text": "would protect the system by 0.02% while taking�\n$800 million out of your pocket. Which brings us��"}, {"start": "00:05:25", "end": "00:05:30", "text": "to the question Diamond really doesn't want you�\nasking. If the systemic risk is basically zero,��"}, {"start": "00:05:30", "end": "00:05:35", "text": "what is he truly afraid of? But before we get into�\nthat, you can probably tell at this stage that��"}, {"start": "00:05:35", "end": "00:05:39", "text": "there is a lot to keep up with here, especially�\nwhen parties are fighting over billions and��"}, {"start": "00:05:39", "end": "00:05:44", "text": "billions of dollars. So, if you're having trouble�\nkeeping track of everything that truly matters,��"}, {"start": "00:05:44", "end": "00:05:49", "text": "don't worry because we've made it a lot easier.�\nRight here on YouTube, you can now access the new��"}, {"start": "00:05:49", "end": "00:05:53", "text": "Coin Bureau Club Light Plan. For just 10 bucks�\na month, you'll get daily market updates across��"}, {"start": "00:05:53", "end": "00:05:58", "text": "both crypto and trady, our team's read on the�\nbest opportunities in the market, and curated��"}, {"start": "00:05:58", "end": "00:06:03", "text": "updates with only the detail that's actually�\nimportant. Just tap the join button below this��"}, {"start": "00:06:03", "end": "00:06:09", "text": "video to get started. Now, back to Mr. Diamond.�\nWhat is he actually afraid of here? If we can see��"}, {"start": "00:06:09", "end": "00:06:15", "text": "that this isn't about systemic risk, well, then�\nthe answer is simple. Competition. Banks in large��"}, {"start": "00:06:15", "end": "00:06:21", "text": "part run on one big advantage. They pay you almost�\nnothing for your deposits, then earn 4% or more,��"}, {"start": "00:06:21", "end": "00:06:27", "text": "lending that same money out or parking it in�\ntreasuries. People are right now lending JP Morgan��"}, {"start": "00:06:27", "end": "00:06:32", "text": "their money almost for free. A stable coin paying�\n4% plus doesn't blow up the banking system. It��"}, {"start": "00:06:32", "end": "00:06:38", "text": "does something far more terrifying to a bank CEO.�\nIt forces him to compete for your savings. and��"}, {"start": "00:06:38", "end": "00:06:43", "text": "suddenly leave your cash with us for nothing stops�\nworking because a digital dollar down the street��"}, {"start": "00:06:43", "end": "00:06:49", "text": "is paying you the going rate. This is pure margin�\nprotection, nothing more. But this goes beyond��"}, {"start": "00:06:49", "end": "00:06:54", "text": "a straightforward turf war when you look at the�\npure hypocrisy here. Because while Jaime Diamond��"}, {"start": "00:06:54", "end": "00:06:59", "text": "is publicly trying to strangle blockchainbased�\ndollars for everyone else, JP Morgan is building��"}, {"start": "00:06:59", "end": "00:07:06", "text": "its own. Meet JPMD, JP Morgan's own deposit token�\nthat went live back in November 2025. And you want��"}, {"start": "00:07:06", "end": "00:07:11", "text": "to hear something really funny? It launched on�\nBass. Bass, the blockchain built by Coinbase,��"}, {"start": "00:07:11", "end": "00:07:17", "text": "the company run by the man Diamond called Full�\nof [�__�] So, the most powerful bank on Earth,��"}, {"start": "00:07:17", "end": "00:07:22", "text": "is running his own tokenized dollar on the network�\nbuilt by his sworn enemy while lobbying Washington��"}, {"start": "00:07:22", "end": "00:07:28", "text": "to lock everyone else out of the same technology.�\nNow, JP Morgan will tell you JPMD is different.��"}, {"start": "00:07:28", "end": "00:07:35", "text": "It's a regulated bank liability, a direct claim on�\nthe bank, not a reservebacked stable coin. Okay,��"}, {"start": "00:07:35", "end": "00:07:40", "text": "sure. But it still gives away the game completely�\nbecause in his April 6th shareholder letter,��"}, {"start": "00:07:40", "end": "00:07:44", "text": "Diamond spelled out the honest truth. He�\ncalled blockchain rivals like stable coins,��"}, {"start": "00:07:44", "end": "00:07:50", "text": "smart contracts, and other forms of tokenization a�\nwhole new set of competitors that are emerging. He��"}, {"start": "00:07:50", "end": "00:07:56", "text": "referred to stable coins as potential alternative�\nto bank deposits. And he told his own shareholders��"}, {"start": "00:07:56", "end": "00:08:01", "text": "the bank must move faster to compete. So in�\nApril, he tells investors this is an existential��"}, {"start": "00:08:01", "end": "00:08:07", "text": "threat and JP Morgan must race to build it. Weeks�\nlater, he's on TV calling the competition liars��"}, {"start": "00:08:07", "end": "00:08:12", "text": "and lobbying too restricted. His ultimate goal�\nis to own the technology. And in that respect,��"}, {"start": "00:08:12", "end": "00:08:17", "text": "there's one major battlefield, the Clarity Act.�\nThe bill has missed several informal deadlines��"}, {"start": "00:08:17", "end": "00:08:23", "text": "floated by supporters as negotiations keep�\ndragging on. Prediction markets now price its��"}, {"start": "00:08:23", "end": "00:08:30", "text": "passage at roughly 40 to 55%. Pretty much a coin�\nflip. But there is one deadline that carries a lot��"}, {"start": "00:08:30", "end": "00:08:36", "text": "of weight. August 7th, when the Senate is set to�\ntake its summer recess, is the critical deadline.��"}, {"start": "00:08:36", "end": "00:08:41", "text": "Miss that window and the bill's odds of passing�\ngo downhill as Congress drowns in the defense bill��"}, {"start": "00:08:41", "end": "00:08:48", "text": "and midterm campaigning. So, how did a supposedly�\nfriendly bill get so stuck? Three blockers. First,��"}, {"start": "00:08:48", "end": "00:08:53", "text": "ethics provisions. Democrats demanding stricter�\nrules on government officials profiting from��"}, {"start": "00:08:53", "end": "00:08:59", "text": "crypto. Second, developer protections in section�\n604, where law enforcement wanted to close��"}, {"start": "00:08:59", "end": "00:09:04", "text": "enforcement gaps. And third, the one Diamond�\nis personally fighting, stable coin yield. And��"}, {"start": "00:09:04", "end": "00:09:10", "text": "this is where it gets clever. Senators Tillis and�\nalso Brooks brokered a compromise. It bans passive��"}, {"start": "00:09:10", "end": "00:09:16", "text": "rewards, yield that's economically equivalent�\nto bank interest paid just for holding the coin,��"}, {"start": "00:09:16", "end": "00:09:21", "text": "but it allows activity- based rewards, returns�\ntied to actually doing something like payments,��"}, {"start": "00:09:21", "end": "00:09:26", "text": "staking, or providing liquidity. That was meant�\nto be the peace treaty, but JP Morgan and the��"}, {"start": "00:09:26", "end": "00:09:32", "text": "American Bankers Association rejected even that.�\nThey call activity- based rewards a disguised idle��"}, {"start": "00:09:32", "end": "00:09:37", "text": "holding loophole. Interest by another name.�\nDiamond said, \"We'll fight it. If we lose,��"}, {"start": "00:09:37", "end": "00:09:42", "text": "we lose and we'll live.\" But there's one thing in�\nworks here that makes Diamond's entire effort look��"}, {"start": "00:09:42", "end": "00:09:46", "text": "almost pointless. Because while he fights over�\nthe wording of a bill that might not even pass,��"}, {"start": "00:09:46", "end": "00:09:54", "text": "the exact model he fears is already being built.�\nOn June 30th, 2026, a consortium called OpenUSD��"}, {"start": "00:09:54", "end": "00:09:59", "text": "launched. And look at who's behind it. Visa,�\nMastercard, American Express, Black Rockck,��"}, {"start": "00:09:59", "end": "00:10:06", "text": "BNY, Google, Stripe, Shopify, and yes, Coinbase.�\nOver 140 partners led by bridge co-founder Zack��"}, {"start": "00:10:06", "end": "00:10:11", "text": "Abrams. And there's one aspect to OpenUSD that�\nhas banks on edge. Unlike Tether or Circle,��"}, {"start": "00:10:11", "end": "00:10:16", "text": "who keep the interest earned on their reserves�\nas profit, OpenUSD is designed to distribute��"}, {"start": "00:10:16", "end": "00:10:22", "text": "nearly all of that reserve yield back out to the�\nbusinesses using it. It's the yield sharing model��"}, {"start": "00:10:22", "end": "00:10:27", "text": "built by the biggest names in payment and asset�\nmanagement forming with or without clarity. The��"}, {"start": "00:10:27", "end": "00:10:32", "text": "market reaction to this was instant. Circle�\nstock fell as much as 17% on the day of the��"}, {"start": "00:10:32", "end": "00:10:36", "text": "announcement. Now, there is one thing to stress�\nhere. Some firms initially named as partners��"}, {"start": "00:10:36", "end": "00:10:41", "text": "have since walked back their involvement. So,�\ntreat that 140 figure with a little caution.��"}, {"start": "00:10:41", "end": "00:10:47", "text": "And banking regulators like the OC are warning�\nthat routing yield through member businesses could��"}, {"start": "00:10:47", "end": "00:10:53", "text": "still pull deposits out of the system, meaning�\nthis fight could reignite even if clarity passes.��"}, {"start": "00:10:53", "end": "00:10:58", "text": "But the major shift here is undeniable, and the�\nraw numbers prove it. Stable coin transaction��"}, {"start": "00:10:58", "end": "00:11:07", "text": "volume hit a record of $1.79 trillion in June�\n2026. That's a 63% jump from May and 125% higher��"}, {"start": "00:11:07", "end": "00:11:11", "text": "than a year ago. And this is happening during a�\nbroader crypto downturn which tells you these are��"}, {"start": "00:11:11", "end": "00:11:17", "text": "being utilized in real world use cases, not just�\nbeing punted on meme coins. And funnily enough,��"}, {"start": "00:11:17", "end": "00:11:22", "text": "there's one associated fact that is probably�\nenraging Diamond. The number one network for��"}, {"start": "00:11:22", "end": "00:11:30", "text": "that stable coin volume base. $565 billion in�\nstable coin volume. Over 31% of the market on��"}, {"start": "00:11:30", "end": "00:11:36", "text": "Coinbase is chained, the very same network JP�\nMorgan chose to launch, JPMD. So Jamie Diamond��"}, {"start": "00:11:36", "end": "00:11:41", "text": "is right that yieldpaying digital dollars threaten�\nthe traditional bank. They certainly do. But he's��"}, {"start": "00:11:41", "end": "00:11:46", "text": "completely wrong that this is about protecting�\nyou. It isn't. The White House proved the systemic��"}, {"start": "00:11:46", "end": "00:11:51", "text": "risk rounds to almost nothing. The real threat�\nis to the free money banks have earned on your��"}, {"start": "00:11:51", "end": "00:11:57", "text": "deposits for decades. Diamond is fighting to keep�\nthat. Crypto is fighting to change that. And the��"}, {"start": "00:11:57", "end": "00:12:01", "text": "Clarity Act passing before the summer recess is�\nwhat's important. Whether the dollars in your��"}, {"start": "00:12:01", "end": "00:12:06", "text": "wallet finally start earning you the going rate�\nor stay trapped earning you nothing while someone��"}, {"start": "00:12:06", "end": "00:12:12", "text": "else pockets the difference. That's what's at�\nstake here. So watch that August 7th deadline. If��"}, {"start": "00:12:12", "end": "00:12:17", "text": "leadership doesn't force this to the floor before�\nrecess, things are not looking so hot for clarity��"}, {"start": "00:12:17", "end": "00:12:23", "text": "and Jaime Diamond is more likely to get it his�\nway. But at the same time, OpenUSD has entered��"}, {"start": "00:12:23", "end": "00:12:29", "text": "as a wild card. If it goes fully live as planned�\nfor later this year and gains traction, the market��"}, {"start": "00:12:29", "end": "00:12:34", "text": "builds this model regardless of what Washington�\ndecides. That will tell us whether Diamond's war��"}, {"start": "00:12:34", "end": "00:12:39", "text": "was ever winnable in the first place. So, what�\ndo you think? Is Jaime Diamond protecting you and��"}, {"start": "00:12:39", "end": "00:12:45", "text": "the financial system from a reckless new form of�\nshadow banking that could blow up your deposits?��"}, {"start": "00:12:45", "end": "00:12:51", "text": "Or is the most powerful bank on Earth simply�\nprotecting a $5 billion profit engine weaponizing��"}, {"start": "00:12:51", "end": "00:12:55", "text": "Washington to ban the competition while building�\nthe same product? Please get highly opinionated��"}, {"start": "00:12:55", "end": "00:13:00", "text": "in the comment section below. And if you want to�\nunderstand the stable coin law that started this��"}, {"start": "00:13:00", "end": "00:13:06", "text": "entire fight, the Genius Act, then definitely�\ncheck out our full breakdown right over here.��"}, {"start": "00:13:06", "end": "00:13:12", "text": "Thank you all so much for watching and I'll see�\nyou again very soon. This is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "12 months ago, American AI models ran"}, {"start": "00:00:02", "end": "00:00:07", "text": "roughly 72% of all of the traffic on"}, {"start": "00:00:05", "end": "00:00:09", "text": "Open Router, the biggest marketplace"}, {"start": "00:00:07", "end": "00:00:11", "text": "developers use to plug into these"}, {"start": "00:00:09", "end": "00:00:14", "text": "systems. [music] Today, that number is"}, {"start": "00:00:11", "end": "00:00:16", "text": "33%. And Chinese models, well, they now"}, {"start": "00:00:14", "end": "00:00:19", "text": "run the majority of it, somewhere north"}, {"start": "00:00:16", "end": "00:00:22", "text": "of 50% by most estimates and climbing"}, {"start": "00:00:19", "end": "00:00:25", "text": "fast. In the week ending June 21st,"}, {"start": "00:00:22", "end": "00:00:27", "text": "[music] Chinese models processed 21.37"}, {"start": "00:00:25", "end": "00:00:31", "text": "trillion tokens on that platform."}, {"start": "00:00:27", "end": "00:00:34", "text": "American models managed 5.76 trillion."}, {"start": "00:00:31", "end": "00:00:37", "text": "Deepseek alone is now bigger than Google"}, {"start": "00:00:34", "end": "00:00:39", "text": "and OpenAI combined. But here's the"}, {"start": "00:00:37", "end": "00:00:41", "text": "twist almost nobody wants to say out"}, {"start": "00:00:39", "end": "00:00:43", "text": "loud. America's own export [music]"}, {"start": "00:00:41", "end": "00:00:45", "text": "controls actually forced China to win on"}, {"start": "00:00:43", "end": "00:00:49", "text": "the one thing that actually matters at"}, {"start": "00:00:45", "end": "00:00:51", "text": "scale, and that is price. So today, we"}, {"start": "00:00:49", "end": "00:00:53", "text": "break down how that 12-month collapse"}, {"start": "00:00:51", "end": "00:00:54", "text": "actually happened. Why some of America's"}, {"start": "00:00:53", "end": "00:00:56", "text": "hottest startups are now running on"}, {"start": "00:00:54", "end": "00:00:58", "text": "Chinese engines underneath and why the"}, {"start": "00:00:56", "end": "00:01:00", "text": "sanctions designed to Beijing"}, {"start": "00:00:58", "end": "00:01:03", "text": "handed it the global developer market"}, {"start": "00:01:00", "end": "00:01:05", "text": "instead. My name is Lewis and this is"}, {"start": "00:01:03", "end": "00:01:07", "text": "the Coin Bureau."}, {"start": "00:01:05", "end": "00:01:09", "text": "Now to understand how violent the shift"}, {"start": "00:01:07", "end": "00:01:12", "text": "really is, you have to see where it"}, {"start": "00:01:09", "end": "00:01:14", "text": "started. Because in early 2025, Chinese"}, {"start": "00:01:12", "end": "00:01:16", "text": "models were barely a rounding error on"}, {"start": "00:01:14", "end": "00:01:19", "text": "Open Router. Individual systems like"}, {"start": "00:01:16", "end": "00:01:21", "text": "Deep Seek were running under 2% of the"}, {"start": "00:01:19", "end": "00:01:25", "text": "platform's traffic. The whole Chinese"}, {"start": "00:01:21", "end": "00:01:27", "text": "stack combined sat below 20%. This was"}, {"start": "00:01:25", "end": "00:01:29", "text": "America's territory. Full stop. Then"}, {"start": "00:01:27", "end": "00:01:32", "text": "came the crossover. In the week of"}, {"start": "00:01:29", "end": "00:01:34", "text": "February 9th to the 15th this year,"}, {"start": "00:01:32", "end": "00:01:37", "text": "Chinese models outprocessed American"}, {"start": "00:01:34", "end": "00:01:40", "text": "ones for the first time. 4.12 trillion"}, {"start": "00:01:37", "end": "00:01:42", "text": "tokens versus 2.94 trillion. And once"}, {"start": "00:01:40", "end": "00:01:44", "text": "that line was crossed, it never went"}, {"start": "00:01:42", "end": "00:01:46", "text": "back. Now, here's the part that makes"}, {"start": "00:01:44", "end": "00:01:48", "text": "this more than just a chart. Open"}, {"start": "00:01:46", "end": "00:01:52", "text": "router's total volume grew somewhere"}, {"start": "00:01:48", "end": "00:01:54", "text": "between 11 and 12 times yearover-year."}, {"start": "00:01:52", "end": "00:01:56", "text": "China is actually capturing the"}, {"start": "00:01:54", "end": "00:01:58", "text": "explosion of brand new costsensitive"}, {"start": "00:01:56", "end": "00:02:01", "text": "demand that the cheaper models created"}, {"start": "00:01:58", "end": "00:02:04", "text": "in the first place. Deepseek by itself"}, {"start": "00:02:01", "end": "00:02:06", "text": "now accounts for roughly 16 to 18% of"}, {"start": "00:02:04", "end": "00:02:08", "text": "all traffic on the platform. That's"}, {"start": "00:02:06", "end": "00:02:11", "text": "bigger than either Google or Open AAI"}, {"start": "00:02:08", "end": "00:02:14", "text": "individually. And the money has noticed."}, {"start": "00:02:11", "end": "00:02:17", "text": "In midJune, DeepC closed a funding round"}, {"start": "00:02:14", "end": "00:02:19", "text": "of around $7.4 4 billion at a valuation"}, {"start": "00:02:17", "end": "00:02:23", "text": "north of 50 billion. 10 cents put in"}, {"start": "00:02:19", "end": "00:02:27", "text": "roughly 1.5 billion. Battery giant Cat L"}, {"start": "00:02:23", "end": "00:02:29", "text": "another 735 million. But here's the tell"}, {"start": "00:02:27", "end": "00:02:31", "text": "that this is now a serious industry and"}, {"start": "00:02:29", "end": "00:02:34", "text": "not just a science project. Founder Lang"}, {"start": "00:02:31", "end": "00:02:37", "text": "Wenfang committed nearly $2.75 billion"}, {"start": "00:02:34", "end": "00:02:40", "text": "of his own money and structured the deal"}, {"start": "00:02:37", "end": "00:02:43", "text": "so most investors got zero voting rights"}, {"start": "00:02:40", "end": "00:02:45", "text": "and a 5-year lockup. People are paying"}, {"start": "00:02:43", "end": "00:02:47", "text": "billions for a seat with no steering"}, {"start": "00:02:45", "end": "00:02:50", "text": "wheel. That's how badly the smart money"}, {"start": "00:02:47", "end": "00:02:52", "text": "wants in. So, if the volume has flipped,"}, {"start": "00:02:50", "end": "00:02:54", "text": "the obvious question is who's actually"}, {"start": "00:02:52", "end": "00:02:56", "text": "doing the switching? And this is where"}, {"start": "00:02:54", "end": "00:02:59", "text": "it stops being abstract because these"}, {"start": "00:02:56", "end": "00:03:02", "text": "are real companies moving real money."}, {"start": "00:02:59", "end": "00:03:04", "text": "Take Lindsay, a US AI agent startup. Its"}, {"start": "00:03:02", "end": "00:03:06", "text": "founder said that the bill for AI"}, {"start": "00:03:04", "end": "00:03:08", "text": "inference had grown larger than the"}, {"start": "00:03:06", "end": "00:03:11", "text": "company's entire payroll. So they moved"}, {"start": "00:03:08", "end": "00:03:14", "text": "100% of their traffic off Anthropics"}, {"start": "00:03:11", "end": "00:03:17", "text": "Claude and onto Deepseek's V4 Flash. The"}, {"start": "00:03:14", "end": "00:03:19", "text": "result was roughly a 90% cut in"}, {"start": "00:03:17", "end": "00:03:22", "text": "inference costs. Now to be fair, this"}, {"start": "00:03:19", "end": "00:03:24", "text": "wasn't a casual switch. It took 6 to9"}, {"start": "00:03:22", "end": "00:03:26", "text": "months of testing. And to handle the"}, {"start": "00:03:24", "end": "00:03:28", "text": "security worry, they host the Chinese"}, {"start": "00:03:26", "end": "00:03:31", "text": "models on US soil through a provider"}, {"start": "00:03:28", "end": "00:03:33", "text": "called Atlas Cloud. So the data never"}, {"start": "00:03:31", "end": "00:03:36", "text": "routes through China. Hold that detail"}, {"start": "00:03:33", "end": "00:03:39", "text": "because it matters later. Then of course"}, {"start": "00:03:36", "end": "00:03:41", "text": "there's Coinbase. CEO Brian Armstrong"}, {"start": "00:03:39", "end": "00:03:43", "text": "confirmed they built an internal gateway"}, {"start": "00:03:41", "end": "00:03:45", "text": "that defaults engineers to Chinese"}, {"start": "00:03:43", "end": "00:03:49", "text": "openweight models for routine work,"}, {"start": "00:03:45", "end": "00:03:52", "text": "specifically Zepoo's GLM 5.2 and"}, {"start": "00:03:49", "end": "00:03:55", "text": "Moonshot Kimmy. And AI spend fell by"}, {"start": "00:03:52", "end": "00:03:58", "text": "about half. And get this, their cash hit"}, {"start": "00:03:55", "end": "00:04:01", "text": "rate jumped from 5 to 60%, a 12-fold"}, {"start": "00:03:58", "end": "00:04:02", "text": "improvement, while 91% of engineers"}, {"start": "00:04:01", "end": "00:04:05", "text": "stopped hitting their usage caps"}, {"start": "00:04:02", "end": "00:04:08", "text": "entirely. cheaper and more usage at the"}, {"start": "00:04:05", "end": "00:04:11", "text": "same time. Pinterest went further still."}, {"start": "00:04:08", "end": "00:04:14", "text": "Its CTO confirmed a 90% cost reduction,"}, {"start": "00:04:11", "end": "00:04:16", "text": "not by renting an API, but by taking"}, {"start": "00:04:14", "end": "00:04:18", "text": "Alibaba's open Quen model, gutting its"}, {"start": "00:04:16", "end": "00:04:21", "text": "vision layer, and fine-tuning in on"}, {"start": "00:04:18", "end": "00:04:23", "text": "Pinterest's own visual preference data."}, {"start": "00:04:21", "end": "00:04:26", "text": "Beyond the massive data cost savings,"}, {"start": "00:04:23", "end": "00:04:29", "text": "they also saw a 30% accuracy boost on"}, {"start": "00:04:26", "end": "00:04:31", "text": "their specific tasks. And this is the"}, {"start": "00:04:29", "end": "00:04:33", "text": "real story. Quen and Deepseek function"}, {"start": "00:04:31", "end": "00:04:35", "text": "as foundational platforms that"}, {"start": "00:04:33", "end": "00:04:38", "text": "developers can build on and own rather"}, {"start": "00:04:35", "end": "00:04:41", "text": "than simple API services. On Verscell's"}, {"start": "00:04:38", "end": "00:04:44", "text": "developer gateway, DeepSseek's share of"}, {"start": "00:04:41", "end": "00:04:46", "text": "traffic went from under 1% to 17% in a"}, {"start": "00:04:44", "end": "00:04:48", "text": "single month. Industry estimates now"}, {"start": "00:04:46", "end": "00:04:50", "text": "suggest the majority of new US AI"}, {"start": "00:04:48", "end": "00:04:53", "text": "startups are building on Chinese base"}, {"start": "00:04:50", "end": "00:04:56", "text": "models underneath. Put simply, American"}, {"start": "00:04:53", "end": "00:04:58", "text": "startups are running on Chinese engines."}, {"start": "00:04:56", "end": "00:05:01", "text": "So, how on earth is it this cheap? Well,"}, {"start": "00:04:58", "end": "00:05:05", "text": "the headline number is almost absurd."}, {"start": "00:05:01", "end": "00:05:08", "text": "Deepseek's V4 Flash cost 14 per million"}, {"start": "00:05:05", "end": "00:05:13", "text": "input tokens. The comparable American"}, {"start": "00:05:08", "end": "00:05:15", "text": "Frontier model GPT 5.5 runs around $5."}, {"start": "00:05:13", "end": "00:05:18", "text": "That's roughly 36 times cheaper for the"}, {"start": "00:05:15", "end": "00:05:20", "text": "same unit of work. And the engine behind"}, {"start": "00:05:18", "end": "00:05:24", "text": "it is something called mixture of"}, {"start": "00:05:20", "end": "00:05:26", "text": "experts or MOE which is basically a"}, {"start": "00:05:24", "end": "00:05:28", "text": "clever way of not switching on the whole"}, {"start": "00:05:26", "end": "00:05:31", "text": "brain for every single question."}, {"start": "00:05:28", "end": "00:05:35", "text": "Deepseek's architecture pioneered with"}, {"start": "00:05:31", "end": "00:05:38", "text": "V3 uses 671 billion parameters in total"}, {"start": "00:05:35", "end": "00:05:41", "text": "but only activates about 37 billion of"}, {"start": "00:05:38", "end": "00:05:44", "text": "them for any given query. That's an"}, {"start": "00:05:41", "end": "00:05:46", "text": "activation rate of around 5.5% which"}, {"start": "00:05:44", "end": "00:05:49", "text": "slashes the compute need by more than"}, {"start": "00:05:46", "end": "00:05:52", "text": "90%. The current V4 flash model takes it"}, {"start": "00:05:49", "end": "00:05:54", "text": "even further with $284 billion total"}, {"start": "00:05:52", "end": "00:05:57", "text": "parameters and just 13 billion activated"}, {"start": "00:05:54", "end": "00:06:00", "text": "per query. And that V3 foundation was"}, {"start": "00:05:57", "end": "00:06:02", "text": "reportedly trained for just 5.6 million"}, {"start": "00:06:00", "end": "00:06:03", "text": "in direct compute costs for a single"}, {"start": "00:06:02", "end": "00:06:05", "text": "run, though the total infrastructure"}, {"start": "00:06:03", "end": "00:06:08", "text": "bill runs into the billions. That"}, {"start": "00:06:05", "end": "00:06:10", "text": "efficiency is the template V4 was built"}, {"start": "00:06:08", "end": "00:06:12", "text": "on. And here is the irony that ties this"}, {"start": "00:06:10", "end": "00:06:15", "text": "entire story together. China didn't"}, {"start": "00:06:12", "end": "00:06:17", "text": "choose efficiency because it's elegant."}, {"start": "00:06:15", "end": "00:06:19", "text": "It was forced to. American export"}, {"start": "00:06:17", "end": "00:06:22", "text": "controls cut China off from Nvidia's top"}, {"start": "00:06:19", "end": "00:06:25", "text": "chips, pushing labs like DeepSeek onto"}, {"start": "00:06:22", "end": "00:06:28", "text": "restricted hardware and how Ascend"}, {"start": "00:06:25", "end": "00:06:30", "text": "processors. With brute force scaling off"}, {"start": "00:06:28", "end": "00:06:33", "text": "the table, they had no choice but to"}, {"start": "00:06:30", "end": "00:06:35", "text": "innovate on doing more with less. As"}, {"start": "00:06:33", "end": "00:06:37", "text": "perplexity CEO put it, by forcing"}, {"start": "00:06:35", "end": "00:06:39", "text": "Chinese firms to engineer around"}, {"start": "00:06:37", "end": "00:06:41", "text": "hardware limits, the US may have"}, {"start": "00:06:39", "end": "00:06:43", "text": "accidentally turbocharged the very"}, {"start": "00:06:41", "end": "00:06:45", "text": "competition it was trying to contain."}, {"start": "00:06:43", "end": "00:06:47", "text": "The weapon backfired and then it"}, {"start": "00:06:45", "end": "00:06:50", "text": "backfired again, even harder. In June,"}, {"start": "00:06:47", "end": "00:06:53", "text": "Washington went a step beyond chips. An"}, {"start": "00:06:50", "end": "00:06:55", "text": "executive order and a commerce directive"}, {"start": "00:06:53", "end": "00:06:57", "text": "forced restrictions on America's most"}, {"start": "00:06:55", "end": "00:06:59", "text": "advanced commercial models with"}, {"start": "00:06:57", "end": "00:07:01", "text": "Anthropic suspending access to its"}, {"start": "00:06:59", "end": "00:07:04", "text": "frontier systems globally to comply. and"}, {"start": "00:07:01", "end": "00:07:07", "text": "OpenAI previewing its newest model to"}, {"start": "00:07:04", "end": "00:07:10", "text": "only a tiny government vetted list. It's"}, {"start": "00:07:07", "end": "00:07:12", "text": "the first time export control authority"}, {"start": "00:07:10", "end": "00:07:14", "text": "has been pointed at a deployed AI model,"}, {"start": "00:07:12", "end": "00:07:17", "text": "not just hardware. Think about what that"}, {"start": "00:07:14", "end": "00:07:20", "text": "does. Every developer, every government,"}, {"start": "00:07:17", "end": "00:07:22", "text": "every startup outside that approved list"}, {"start": "00:07:20", "end": "00:07:25", "text": "just got locked out of the best American"}, {"start": "00:07:22", "end": "00:07:27", "text": "AI. So, what do they reach for instead?"}, {"start": "00:07:25", "end": "00:07:30", "text": "the free self-hostable Chinese"}, {"start": "00:07:27", "end": "00:07:32", "text": "checkpoint that anyone anywhere can"}, {"start": "00:07:30", "end": "00:07:34", "text": "download. Inside China, daily token"}, {"start": "00:07:32", "end": "00:07:37", "text": "consumption has gone from around 100"}, {"start": "00:07:34", "end": "00:07:40", "text": "billion in early 2024 to roughly 140"}, {"start": "00:07:37", "end": "00:07:43", "text": "trillion by this March. That is"}, {"start": "00:07:40", "end": "00:07:44", "text": "infrastructure scale. This is how the"}, {"start": "00:07:43", "end": "00:07:46", "text": "dollar became the world's reserve"}, {"start": "00:07:44", "end": "00:07:48", "text": "currency. It simply became the default"}, {"start": "00:07:46", "end": "00:07:51", "text": "plumbing that everyone else built on top"}, {"start": "00:07:48", "end": "00:07:52", "text": "of. Now, spotting shifts like this"}, {"start": "00:07:51", "end": "00:07:54", "text": "before they reached the headlines is"}, {"start": "00:07:52", "end": "00:07:56", "text": "exactly why we built the Coin Bureau"}, {"start": "00:07:54", "end": "00:07:58", "text": "newsletter. It's absolutely free and we"}, {"start": "00:07:56", "end": "00:08:00", "text": "break down everything across markets,"}, {"start": "00:07:58", "end": "00:08:02", "text": "macro, technology, and money so that you"}, {"start": "00:08:00", "end": "00:08:04", "text": "never miss what truly matters. All you"}, {"start": "00:08:02", "end": "00:08:06", "text": "have to do is click the link in the"}, {"start": "00:08:04", "end": "00:08:08", "text": "description or scan the QR code on your"}, {"start": "00:08:06", "end": "00:08:10", "text": "screen to get started. And now back to"}, {"start": "00:08:08", "end": "00:08:12", "text": "the war. Because if you stop here,"}, {"start": "00:08:10", "end": "00:08:14", "text": "you'll walk away with completely the"}, {"start": "00:08:12", "end": "00:08:17", "text": "wrong conclusion. China dominates"}, {"start": "00:08:14", "end": "00:08:19", "text": "volume. It does not dominate value. And"}, {"start": "00:08:17", "end": "00:08:22", "text": "the gap between those two words is the"}, {"start": "00:08:19", "end": "00:08:24", "text": "whole ball game. Let's look at revenue"}, {"start": "00:08:22", "end": "00:08:27", "text": "split. By platform analysis, Anthropic"}, {"start": "00:08:24", "end": "00:08:29", "text": "captures somewhere around 46% of Open"}, {"start": "00:08:27", "end": "00:08:32", "text": "Router's actual dollar revenue while"}, {"start": "00:08:29", "end": "00:08:34", "text": "serving just 12% of the tokens. In other"}, {"start": "00:08:32", "end": "00:08:37", "text": "words, the American frontier still wins"}, {"start": "00:08:34", "end": "00:08:39", "text": "the highstakes complex reasoning work"}, {"start": "00:08:37", "end": "00:08:41", "text": "where cost is the last thing anyone"}, {"start": "00:08:39", "end": "00:08:44", "text": "cares about. Analysts reckon the US"}, {"start": "00:08:41", "end": "00:08:47", "text": "still leads on deep reasoning and"}, {"start": "00:08:44", "end": "00:08:50", "text": "agentic error recovery by anywhere from"}, {"start": "00:08:47", "end": "00:08:52", "text": "3 to 8 months and Perplexity CEO puts"}, {"start": "00:08:50", "end": "00:08:54", "text": "that lead closer to a full year. Then"}, {"start": "00:08:52", "end": "00:08:57", "text": "there's the catch that the cheerleaders"}, {"start": "00:08:54", "end": "00:09:00", "text": "skip and that is data. When you call a"}, {"start": "00:08:57", "end": "00:09:02", "text": "Chinese model's own API directly, your"}, {"start": "00:09:00", "end": "00:09:05", "text": "requests route through servers in China."}, {"start": "00:09:02", "end": "00:09:08", "text": "And under China's 2017 National"}, {"start": "00:09:05", "end": "00:09:10", "text": "Intelligence Law, those companies must"}, {"start": "00:09:08", "end": "00:09:12", "text": "cooperate with the state on request."}, {"start": "00:09:10", "end": "00:09:15", "text": "Remember Lindy paying to host on US"}, {"start": "00:09:12", "end": "00:09:18", "text": "soil? That's why. And the moat fight is"}, {"start": "00:09:15", "end": "00:09:21", "text": "getting ugly. In June, Anthropic told"}, {"start": "00:09:18", "end": "00:09:23", "text": "the US Senate that Alibaba's Quen Lab"}, {"start": "00:09:21", "end": "00:09:26", "text": "had run the largest known distillation"}, {"start": "00:09:23", "end": "00:09:29", "text": "attack to date, using around 25,000 fake"}, {"start": "00:09:26", "end": "00:09:31", "text": "accounts to pull 28.8 million exchanges"}, {"start": "00:09:29", "end": "00:09:34", "text": "out of Claude, essentially trying to"}, {"start": "00:09:31", "end": "00:09:36", "text": "copy its best reasoning. Anthropic is"}, {"start": "00:09:34", "end": "00:09:38", "text": "itself being sued by music labels for"}, {"start": "00:09:36", "end": "00:09:40", "text": "training on copyrighted lyrics, making"}, {"start": "00:09:38", "end": "00:09:43", "text": "the moral high ground here a touch"}, {"start": "00:09:40", "end": "00:09:45", "text": "crowded. And underneath it all sits a"}, {"start": "00:09:43", "end": "00:09:47", "text": "hard ceiling. Analyst estimates put"}, {"start": "00:09:45", "end": "00:09:50", "text": "China's access to advanced AI chips at"}, {"start": "00:09:47", "end": "00:09:53", "text": "roughly 300,000 units for this year with"}, {"start": "00:09:50", "end": "00:09:57", "text": "Hawei's best processor running at about"}, {"start": "00:09:53", "end": "00:09:59", "text": "60% of an H100. The US still controls"}, {"start": "00:09:57", "end": "00:10:02", "text": "something like 74% of the world's"}, {"start": "00:09:59", "end": "00:10:04", "text": "high-end AI compute. So, here's where it"}, {"start": "00:10:02", "end": "00:10:07", "text": "lands for you. The market has split into"}, {"start": "00:10:04", "end": "00:10:09", "text": "two stacks. premium American stack"}, {"start": "00:10:07", "end": "00:10:12", "text": "selling reasoning by the carrot and a"}, {"start": "00:10:09", "end": "00:10:15", "text": "Chinese industrial stack selling"}, {"start": "00:10:12", "end": "00:10:17", "text": "intelligence by the ton almost for free."}, {"start": "00:10:15", "end": "00:10:19", "text": "And that split is a problem for anyone"}, {"start": "00:10:17", "end": "00:10:22", "text": "with money in the market because America"}, {"start": "00:10:19", "end": "00:10:24", "text": "has made a colossal bet on the luxury"}, {"start": "00:10:22", "end": "00:10:27", "text": "side. The big hyperscalers are set to"}, {"start": "00:10:24", "end": "00:10:31", "text": "spend over $725 billion on Capeex this"}, {"start": "00:10:27", "end": "00:10:33", "text": "year alone, up around 77% on last year,"}, {"start": "00:10:31", "end": "00:10:37", "text": "with Goldman projecting it crosses $1"}, {"start": "00:10:33", "end": "00:10:39", "text": "trillion annually by 2027. Seoia has"}, {"start": "00:10:37", "end": "00:10:42", "text": "already flagged a roughly $600 billion"}, {"start": "00:10:39", "end": "00:10:44", "text": "gap between what's being spent and what"}, {"start": "00:10:42", "end": "00:10:47", "text": "AI is actually earning. McQuiry calls"}, {"start": "00:10:44", "end": "00:10:50", "text": "the whole thing larger and faster than"}, {"start": "00:10:47", "end": "00:10:53", "text": "the railway and manias. Oracle just"}, {"start": "00:10:50", "end": "00:10:56", "text": "posted negative free cash flow of nearly"}, {"start": "00:10:53", "end": "00:10:58", "text": "24 billion for the year. So if you hold"}, {"start": "00:10:56", "end": "00:11:00", "text": "an S&P 500 index fund, you own a slice"}, {"start": "00:10:58", "end": "00:11:02", "text": "of that bet whether you choose to or"}, {"start": "00:11:00", "end": "00:11:04", "text": "not. If you have a pension, it is"}, {"start": "00:11:02", "end": "00:11:06", "text": "leaning on the assumption that these"}, {"start": "00:11:04", "end": "00:11:08", "text": "companies can monetize a frontier lead."}, {"start": "00:11:06", "end": "00:11:10", "text": "And if that lead is only a few months"}, {"start": "00:11:08", "end": "00:11:12", "text": "wide and shrinking while the rest of the"}, {"start": "00:11:10", "end": "00:11:14", "text": "planet standardizes on free Chinese"}, {"start": "00:11:12", "end": "00:11:16", "text": "infrastructure, then the obvious"}, {"start": "00:11:14", "end": "00:11:18", "text": "question becomes unavoidable. Who"}, {"start": "00:11:16", "end": "00:11:20", "text": "exactly pays back the trillion? Because"}, {"start": "00:11:18", "end": "00:11:23", "text": "the people who actually win here are"}, {"start": "00:11:20", "end": "00:11:25", "text": "already clear. Chinese labs own the"}, {"start": "00:11:23", "end": "00:11:27", "text": "factory floor of global AI. The default"}, {"start": "00:11:25", "end": "00:11:30", "text": "layer the next decade gets built on. And"}, {"start": "00:11:27", "end": "00:11:32", "text": "that's soft power no sanction can claw"}, {"start": "00:11:30", "end": "00:11:34", "text": "back. The American frontier labs still"}, {"start": "00:11:32", "end": "00:11:36", "text": "own the penthouse and high margin"}, {"start": "00:11:34", "end": "00:11:38", "text": "reasoning work. And for now the revenue."}, {"start": "00:11:36", "end": "00:11:40", "text": "The ones carrying the risk are the"}, {"start": "00:11:38", "end": "00:11:42", "text": "shareholders funding a trillion dollar"}, {"start": "00:11:40", "end": "00:11:44", "text": "buildout against a moat measured in"}, {"start": "00:11:42", "end": "00:11:46", "text": "months and the everyday investor pulled"}, {"start": "00:11:44", "end": "00:11:49", "text": "into that bet through a fund they never"}, {"start": "00:11:46", "end": "00:11:51", "text": "actively picked. The era of assuming an"}, {"start": "00:11:49", "end": "00:11:54", "text": "American AI lead is a permanent"}, {"start": "00:11:51", "end": "00:11:56", "text": "unassalable moat is ending. It's"}, {"start": "00:11:54", "end": "00:11:58", "text": "starting to look a lot more like a"}, {"start": "00:11:56", "end": "00:12:01", "text": "luxury brand about to get commoditized."}, {"start": "00:11:58", "end": "00:12:03", "text": "The same way every tech edge before it"}, {"start": "00:12:01", "end": "00:12:05", "text": "eventually was. And if breakdowns like"}, {"start": "00:12:03", "end": "00:12:07", "text": "this are your thing, then we've just"}, {"start": "00:12:05", "end": "00:12:09", "text": "launched a brand new channel called the"}, {"start": "00:12:07", "end": "00:12:11", "text": "AI Bureau built entirely around the"}, {"start": "00:12:09", "end": "00:12:14", "text": "technology and the money reshaping the"}, {"start": "00:12:11", "end": "00:12:15", "text": "space. So go and hit the subscribe over"}, {"start": "00:12:14", "end": "00:12:18", "text": "there because it's where we'll be"}, {"start": "00:12:15", "end": "00:12:20", "text": "tracking this exact war token by toggen."}, {"start": "00:12:18", "end": "00:12:22", "text": "That's all for me for today though. But"}, {"start": "00:12:20", "end": "00:12:25", "text": "what do you reckon? Is the US Frontier"}, {"start": "00:12:22", "end": "00:12:27", "text": "Lead a genuine moat worth a trillion"}, {"start": "00:12:25", "end": "00:12:29", "text": "dollars in spending or a luxury edge"}, {"start": "00:12:27", "end": "00:12:32", "text": "that's about to be commoditized like"}, {"start": "00:12:29", "end": "00:12:33", "text": "every tech advantaged before it? And"}, {"start": "00:12:32", "end": "00:12:36", "text": "would you trust a Chinese model with"}, {"start": "00:12:33", "end": "00:12:38", "text": "your company's data, or is that a line"}, {"start": "00:12:36", "end": "00:12:40", "text": "you simply won't cross? Let me know your"}, {"start": "00:12:38", "end": "00:12:41", "text": "thoughts in the comments down below. The"}, {"start": "00:12:40", "end": "00:12:43", "text": "people with the most information are"}, {"start": "00:12:41", "end": "00:12:46", "text": "already building on China's stack. The"}, {"start": "00:12:43", "end": "00:12:48", "text": "only real question is whether you saw it"}, {"start": "00:12:46", "end": "00:12:50", "text": "coming. As always, thank you so much for"}, {"start": "00:12:48", "end": "00:12:55", "text": "watching and I'll see you in the next"}, {"start": "00:12:50", "end": "00:12:55", "text": "one. This is Louis signing off."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Back in 2021, a glance at CoinGecko or"}, {"start": "00:00:02", "end": "00:00:06", "text": "CoinMarketCap would show you that well"}, {"start": "00:00:04", "end": "00:00:09", "text": "over 100 altcoins [music] were worth"}, {"start": "00:00:06", "end": "00:00:10", "text": "more than $1 billion each. Today, that"}, {"start": "00:00:09", "end": "00:00:13", "text": "number has collapsed [music]"}, {"start": "00:00:10", "end": "00:00:16", "text": "significantly. Bitcoin dominance is"}, {"start": "00:00:13", "end": "00:00:18", "text": "sitting at a 4-year high. 84% of"}, {"start": "00:00:16", "end": "00:00:19", "text": "altcoins are trading below their 200-day"}, {"start": "00:00:18", "end": "00:00:23", "text": "moving average, and the Fear & Greed"}, {"start": "00:00:19", "end": "00:00:26", "text": "Index is deep in extreme fear. And yet,"}, {"start": "00:00:23", "end": "00:00:28", "text": "every single week someone tells you the"}, {"start": "00:00:26", "end": "00:00:30", "text": "exact same thing. Alt season is just"}, {"start": "00:00:28", "end": "00:00:33", "text": "around the corner. Just [music] hold on,"}, {"start": "00:00:30", "end": "00:00:36", "text": "it's coming. Well, newsflash, that alt"}, {"start": "00:00:33", "end": "00:00:37", "text": "season you're waiting for is gone. The"}, {"start": "00:00:36", "end": "00:00:39", "text": "old machine, the one where everything"}, {"start": "00:00:37", "end": "00:00:42", "text": "moons simply [music] because Bitcoin"}, {"start": "00:00:39", "end": "00:00:44", "text": "moves, is broken, and the on-chain data"}, {"start": "00:00:42", "end": "00:00:47", "text": "proves it. So, today I'm going to show"}, {"start": "00:00:44", "end": "00:00:48", "text": "you why that model died, who's still"}, {"start": "00:00:47", "end": "00:00:50", "text": "winning while everything else bleeds"}, {"start": "00:00:48", "end": "00:00:52", "text": "[music] out, and how to tell the"}, {"start": "00:00:50", "end": "00:00:54", "text": "difference before the next rotation."}, {"start": "00:00:52", "end": "00:00:57", "text": "Because the only question that matters"}, {"start": "00:00:54", "end": "00:00:59", "text": "[music] now is which specific alts will"}, {"start": "00:00:57", "end": "00:01:02", "text": "actually recover. My name is Guy, and"}, {"start": "00:00:59", "end": "00:01:04", "text": "you're watching The Coin Bureau."}, {"start": "00:01:02", "end": "00:01:07", "text": "Now, as I record this, Bitcoin is"}, {"start": "00:01:04", "end": "00:01:11", "text": "sitting a little above $61,000, down"}, {"start": "00:01:07", "end": "00:01:13", "text": "around 45% over the past year. That is a"}, {"start": "00:01:11", "end": "00:01:16", "text": "cold, risk-off market, and sentiment is"}, {"start": "00:01:13", "end": "00:01:17", "text": "about as bad as it gets."}, {"start": "00:01:16", "end": "00:01:19", "text": "But, here's the thing that makes this"}, {"start": "00:01:17", "end": "00:01:21", "text": "cycle different. In a normal bear"}, {"start": "00:01:19", "end": "00:01:24", "text": "market, Bitcoin drags everything down"}, {"start": "00:01:21", "end": "00:01:26", "text": "together, and then drags everything back"}, {"start": "00:01:24", "end": "00:01:28", "text": "up together. That second part isn't"}, {"start": "00:01:26", "end": "00:01:31", "text": "happening anymore. The correlation that"}, {"start": "00:01:28", "end": "00:01:33", "text": "made just hoddle a viable strategy has"}, {"start": "00:01:31", "end": "00:01:35", "text": "snapped. And to understand why, you have"}, {"start": "00:01:33", "end": "00:01:38", "text": "to look at the numbers that make this"}, {"start": "00:01:35", "end": "00:01:40", "text": "feel like no cycle before it. Let's"}, {"start": "00:01:38", "end": "00:01:44", "text": "start with dominance. Bitcoin dominance,"}, {"start": "00:01:40", "end": "00:01:47", "text": "or BTCD, has been stuck in the 56 to 63%"}, {"start": "00:01:44", "end": "00:01:49", "text": "range all year. For those unfamiliar,"}, {"start": "00:01:47", "end": "00:01:51", "text": "dominance just measures Bitcoin share of"}, {"start": "00:01:49", "end": "00:01:54", "text": "the entire crypto market. So, when it"}, {"start": "00:01:51", "end": "00:01:56", "text": "falls, capital is flowing out of BTC and"}, {"start": "00:01:54", "end": "00:01:59", "text": "into the rest of the market. And"}, {"start": "00:01:56", "end": "00:02:02", "text": "historically, alt season needs BTCD to"}, {"start": "00:01:59", "end": "00:02:06", "text": "break down below 55% before that"}, {"start": "00:02:02", "end": "00:02:09", "text": "rotation really fires. Now, in 2021,"}, {"start": "00:02:06", "end": "00:02:11", "text": "dominance fell all the way towards 40%"}, {"start": "00:02:09", "end": "00:02:14", "text": "allowing alts to rip, but this cycle it"}, {"start": "00:02:11", "end": "00:02:16", "text": "hasn't cracked 55% once. And then"}, {"start": "00:02:14", "end": "00:02:20", "text": "there's the altcoin season index, which"}, {"start": "00:02:16", "end": "00:02:22", "text": "is sitting around 46 to 49. Now, a true"}, {"start": "00:02:20", "end": "00:02:25", "text": "alt season needs a reading of 75 or"}, {"start": "00:02:22", "end": "00:02:28", "text": "higher, meaning 75 of the top 100 alts"}, {"start": "00:02:25", "end": "00:02:31", "text": "are beating Bitcoin over 90 days. Right"}, {"start": "00:02:28", "end": "00:02:33", "text": "now, fewer than half are."}, {"start": "00:02:31", "end": "00:02:36", "text": "The index needs to climb roughly 50 to"}, {"start": "00:02:33", "end": "00:02:38", "text": "60% from current levels just to hit the"}, {"start": "00:02:36", "end": "00:02:42", "text": "alt season threshold, and it isn't even"}, {"start": "00:02:38", "end": "00:02:44", "text": "close. Indeed, 84% of altcoins are below"}, {"start": "00:02:42", "end": "00:02:46", "text": "their 200-day moving average, the line"}, {"start": "00:02:44", "end": "00:02:48", "text": "that separates a healthy trend from a"}, {"start": "00:02:46", "end": "00:02:50", "text": "broken one. So, we're looking at a"}, {"start": "00:02:48", "end": "00:02:53", "text": "definitive bear market structure. And"}, {"start": "00:02:50", "end": "00:02:56", "text": "according to CryptoQuant, net spot"}, {"start": "00:02:53", "end": "00:02:58", "text": "selling of altcoins just hit a 5-year"}, {"start": "00:02:56", "end": "00:03:00", "text": "high, which tells you capital is"}, {"start": "00:02:58", "end": "00:03:02", "text": "actively fleeing the altcoin market."}, {"start": "00:03:00", "end": "00:03:03", "text": "Now, keeping up with all of this, the"}, {"start": "00:03:02", "end": "00:03:06", "text": "dominance charts, the on-chain flows,"}, {"start": "00:03:03", "end": "00:03:08", "text": "the sentiment data is a full-time job."}, {"start": "00:03:06", "end": "00:03:10", "text": "So, if you don't have 16 hours a day to"}, {"start": "00:03:08", "end": "00:03:12", "text": "track it, come and join the Coin Bureau"}, {"start": "00:03:10", "end": "00:03:14", "text": "Club Light. It's our membership platform"}, {"start": "00:03:12", "end": "00:03:16", "text": "right here on YouTube for $10 a month"}, {"start": "00:03:14", "end": "00:03:18", "text": "where our team breaks down the moves"}, {"start": "00:03:16", "end": "00:03:20", "text": "that actually matter and gives you the"}, {"start": "00:03:18", "end": "00:03:22", "text": "analysis behind videos like this one."}, {"start": "00:03:20", "end": "00:03:24", "text": "Just hit the join button below this"}, {"start": "00:03:22", "end": "00:03:26", "text": "video to get started."}, {"start": "00:03:24", "end": "00:03:28", "text": "Right, back to it. Because a bad market"}, {"start": "00:03:26", "end": "00:03:30", "text": "is one thing, but a broken machine is"}, {"start": "00:03:28", "end": "00:03:32", "text": "another, and that's what we're really"}, {"start": "00:03:30", "end": "00:03:34", "text": "dealing with. For years, the model was"}, {"start": "00:03:32", "end": "00:03:36", "text": "beautifully simple. Bitcoin pumps,"}, {"start": "00:03:34", "end": "00:03:38", "text": "profits rotate into Ethereum, then large"}, {"start": "00:03:36", "end": "00:03:41", "text": "caps, then the long tail of smaller"}, {"start": "00:03:38", "end": "00:03:43", "text": "coins. A conveyor belt moving liquidity"}, {"start": "00:03:41", "end": "00:03:46", "text": "down the risk curve, lifting everything"}, {"start": "00:03:43", "end": "00:03:47", "text": "in sequence. And that conveyor belt has"}, {"start": "00:03:46", "end": "00:03:50", "text": "stopped."}, {"start": "00:03:47", "end": "00:03:52", "text": "CryptoQuant CEO Ki Young Ju put it"}, {"start": "00:03:50", "end": "00:03:54", "text": "bluntly, saying the Bitcoin to altcoin"}, {"start": "00:03:52", "end": "00:03:57", "text": "rotation that once fueled alt seasons"}, {"start": "00:03:54", "end": "00:04:00", "text": "has basically disappeared. The era of"}, {"start": "00:03:57", "end": "00:04:02", "text": "alts pumping just because BTC pumps is,"}, {"start": "00:04:00", "end": "00:04:04", "text": "in his view, over. And the clearest"}, {"start": "00:04:02", "end": "00:04:07", "text": "evidence of that failure is the number"}, {"start": "00:04:04", "end": "00:04:09", "text": "two asset itself. Ethereum is supposed"}, {"start": "00:04:07", "end": "00:04:11", "text": "to be the bridge, the thing capital"}, {"start": "00:04:09", "end": "00:04:12", "text": "flows through on its way to everything"}, {"start": "00:04:11", "end": "00:04:15", "text": "else."}, {"start": "00:04:12", "end": "00:04:17", "text": "But the ETH/BTC ratio has collapsed to"}, {"start": "00:04:15", "end": "00:04:20", "text": "around 0.0268,"}, {"start": "00:04:17", "end": "00:04:23", "text": "a multi-year low. Back in the 2021 alt"}, {"start": "00:04:20", "end": "00:04:26", "text": "season, that ratio hit roughly 0.08."}, {"start": "00:04:23", "end": "00:04:29", "text": "So, that's a 2/3 collapse, and ETH is"}, {"start": "00:04:26", "end": "00:04:32", "text": "down almost 35% over the past year"}, {"start": "00:04:29", "end": "00:04:34", "text": "alone. So, what happened? Well,"}, {"start": "00:04:32", "end": "00:04:37", "text": "essentially, Ethereum got cannibalized"}, {"start": "00:04:34", "end": "00:04:39", "text": "by its own scaling solutions. Layer two"}, {"start": "00:04:37", "end": "00:04:41", "text": "networks, the faster, cheaper chains"}, {"start": "00:04:39", "end": "00:04:44", "text": "built on top of Ethereum, now handle"}, {"start": "00:04:41", "end": "00:04:47", "text": "over 90% of its transaction volume, and"}, {"start": "00:04:44", "end": "00:04:49", "text": "they don't send the value back."}, {"start": "00:04:47", "end": "00:04:51", "text": "Fee revenue flowing to Ethereum's base"}, {"start": "00:04:49", "end": "00:04:54", "text": "layer has collapsed by more than 95%"}, {"start": "00:04:51", "end": "00:04:56", "text": "from its 2021 peak. According to various"}, {"start": "00:04:54", "end": "00:05:00", "text": "research reports, L2s paid Ethereum"}, {"start": "00:04:56", "end": "00:05:02", "text": "significantly more in 2024, with some"}, {"start": "00:05:00", "end": "00:05:05", "text": "estimates citing around $130 million,"}, {"start": "00:05:02", "end": "00:05:08", "text": "roughly 41% of their revenue at the"}, {"start": "00:05:05", "end": "00:05:10", "text": "time. By 2025, however, that had fallen"}, {"start": "00:05:08", "end": "00:05:13", "text": "to roughly $10 million,"}, {"start": "00:05:10", "end": "00:05:16", "text": "less than 10%. Standard Chartered"}, {"start": "00:05:13", "end": "00:05:19", "text": "estimates that Coinbase's base network"}, {"start": "00:05:16", "end": "00:05:21", "text": "alone stripped around $50 billion off"}, {"start": "00:05:19", "end": "00:05:22", "text": "Ethereum's market cap by diverting those"}, {"start": "00:05:21", "end": "00:05:25", "text": "fees away."}, {"start": "00:05:22", "end": "00:05:27", "text": "So, Ethereum is busier than it's ever"}, {"start": "00:05:25", "end": "00:05:30", "text": "been, at all-time highs in actual usage,"}, {"start": "00:05:27", "end": "00:05:31", "text": "while ETH is down 65% from its all-time"}, {"start": "00:05:30", "end": "00:05:33", "text": "high."}, {"start": "00:05:31", "end": "00:05:35", "text": "And if the second largest asset in"}, {"start": "00:05:33", "end": "00:05:38", "text": "crypto has no gravity left, the long"}, {"start": "00:05:35", "end": "00:05:40", "text": "tail has nothing to ride. But the broken"}, {"start": "00:05:38", "end": "00:05:42", "text": "conveyor belt is only half the story,"}, {"start": "00:05:40", "end": "00:05:44", "text": "because while the belt stopped moving,"}, {"start": "00:05:42", "end": "00:05:46", "text": "the liquidity didn't vanish, it just"}, {"start": "00:05:44", "end": "00:05:48", "text": "went somewhere else."}, {"start": "00:05:46", "end": "00:05:50", "text": "Capital is concentrating into fewer,"}, {"start": "00:05:48", "end": "00:05:53", "text": "stronger names, and above all, into"}, {"start": "00:05:50", "end": "00:05:56", "text": "Bitcoin itself. BlackRock's Bitcoin ETF"}, {"start": "00:05:53", "end": "00:05:59", "text": "alone reached around $54 billion in"}, {"start": "00:05:56", "end": "00:06:01", "text": "assets by March, an institutional bid"}, {"start": "00:05:59", "end": "00:06:04", "text": "for Bitcoin that has no equivalent for"}, {"start": "00:06:01", "end": "00:06:06", "text": "altcoins. Analysts call it the ETF wall,"}, {"start": "00:06:04", "end": "00:06:09", "text": "a one-way funnel that pulls money into"}, {"start": "00:06:06", "end": "00:06:12", "text": "BTC and never lets it leak out into the"}, {"start": "00:06:09", "end": "00:06:14", "text": "wider market the way it used to. And the"}, {"start": "00:06:12", "end": "00:06:17", "text": "concentration inside the alt market is"}, {"start": "00:06:14", "end": "00:06:19", "text": "just a stark. The top 10 altcoins now"}, {"start": "00:06:17", "end": "00:06:22", "text": "account for roughly 80.5%"}, {"start": "00:06:19", "end": "00:06:24", "text": "of the entire non-Bitcoin market cap,"}, {"start": "00:06:22", "end": "00:06:27", "text": "which leaves everything else, thousands"}, {"start": "00:06:24", "end": "00:06:30", "text": "upon thousands upon thousands of tokens,"}, {"start": "00:06:27", "end": "00:06:31", "text": "fighting over the scraps. And worse than"}, {"start": "00:06:30", "end": "00:06:34", "text": "underperforming, many of these projects"}, {"start": "00:06:31", "end": "00:06:36", "text": "are actively dying out. According to"}, {"start": "00:06:34", "end": "00:06:38", "text": "RootData, over 70 crypto projects shut"}, {"start": "00:06:36", "end": "00:06:41", "text": "down in the first half of this year"}, {"start": "00:06:38", "end": "00:06:43", "text": "alone, and these weren't all scams."}, {"start": "00:06:41", "end": "00:06:45", "text": "Legitimate, well-funded ventures like"}, {"start": "00:06:43", "end": "00:06:48", "text": "Entropi, Yup, and Syndicate Labs simply"}, {"start": "00:06:45", "end": "00:06:51", "text": "failed to find product-market fit. The"}, {"start": "00:06:48", "end": "00:06:53", "text": "receding tide is dragging them down with"}, {"start": "00:06:51", "end": "00:06:55", "text": "it. Thousands of tokens are competing"}, {"start": "00:06:53", "end": "00:06:57", "text": "for a pool of attention and liquidity"}, {"start": "00:06:55", "end": "00:06:59", "text": "that is no longer expanding to meet"}, {"start": "00:06:57", "end": "00:07:01", "text": "them, and most will not recover because"}, {"start": "00:06:59", "end": "00:07:02", "text": "they simply lacked real demand from the"}, {"start": "00:07:01", "end": "00:07:04", "text": "very beginning."}, {"start": "00:07:02", "end": "00:07:06", "text": "As Ki Young Ju put it, in this"}, {"start": "00:07:04", "end": "00:07:09", "text": "environment, 99.9%"}, {"start": "00:07:06", "end": "00:07:11", "text": "of altcoins should be rejected."}, {"start": "00:07:09", "end": "00:07:14", "text": "But before you start thinking that"}, {"start": "00:07:11", "end": "00:07:16", "text": "crypto is dead and we're all NGMI, think"}, {"start": "00:07:14", "end": "00:07:18", "text": "again. For one thing, the cycle clock is"}, {"start": "00:07:16", "end": "00:07:21", "text": "not broken. Historically, altcoin"}, {"start": "00:07:18", "end": "00:07:23", "text": "strength arrives 18 to 30 months after a"}, {"start": "00:07:21", "end": "00:07:26", "text": "Bitcoin halving, and the last halving"}, {"start": "00:07:23", "end": "00:07:28", "text": "was April 2024, which keeps the window"}, {"start": "00:07:26", "end": "00:07:32", "text": "open right through late 2026 and into"}, {"start": "00:07:28", "end": "00:07:34", "text": "2027. What has changed is the underlying"}, {"start": "00:07:32", "end": "00:07:37", "text": "mechanism of the market. So, the next"}, {"start": "00:07:34", "end": "00:07:39", "text": "recovery won't be a rising tide. It'll"}, {"start": "00:07:37", "end": "00:07:42", "text": "be selective, and it'll be gated by"}, {"start": "00:07:39", "end": "00:07:44", "text": "fundamentals. And if you look closely,"}, {"start": "00:07:42", "end": "00:07:46", "text": "the sectors that are actually surviving"}, {"start": "00:07:44", "end": "00:07:49", "text": "are already showing you what that looks"}, {"start": "00:07:46", "end": "00:07:51", "text": "like. Take real-world assets, tokenized"}, {"start": "00:07:49", "end": "00:07:53", "text": "versions of things like treasuries and"}, {"start": "00:07:51", "end": "00:07:56", "text": "private credit. That sector has grown"}, {"start": "00:07:53", "end": "00:07:58", "text": "from around $5 billion to over $30"}, {"start": "00:07:56", "end": "00:08:01", "text": "billion backed by names like BlackRock,"}, {"start": "00:07:58", "end": "00:08:02", "text": "whose BITO fund alone crossed $2.5"}, {"start": "00:08:01", "end": "00:08:05", "text": "billion."}, {"start": "00:08:02", "end": "00:08:07", "text": "Then there's DeFi that generates actual"}, {"start": "00:08:05", "end": "00:08:09", "text": "revenue. Hyperliquid has pulled in over"}, {"start": "00:08:07", "end": "00:08:11", "text": "$1.16 billion"}, {"start": "00:08:09", "end": "00:08:14", "text": "in cumulative protocol fees and routes"}, {"start": "00:08:11", "end": "00:08:16", "text": "almost all of it into buying back its"}, {"start": "00:08:14", "end": "00:08:18", "text": "own token. While Aave is projected to"}, {"start": "00:08:16", "end": "00:08:21", "text": "turn around 60 million in profit this"}, {"start": "00:08:18", "end": "00:08:22", "text": "year and Morpho reportedly raised $175"}, {"start": "00:08:21", "end": "00:08:26", "text": "million"}, {"start": "00:08:22", "end": "00:08:28", "text": "at a $2 billion valuation. And AI-linked"}, {"start": "00:08:26", "end": "00:08:31", "text": "crypto has surged with some analysts"}, {"start": "00:08:28", "end": "00:08:33", "text": "tracking sector value at over $8 billion"}, {"start": "00:08:31", "end": "00:08:35", "text": "representing triple-digit year-on-year"}, {"start": "00:08:33", "end": "00:08:38", "text": "growth. So, the filter for you is"}, {"start": "00:08:35", "end": "00:08:40", "text": "simple. Stop asking will alts recover"}, {"start": "00:08:38", "end": "00:08:43", "text": "and start asking does this specific"}, {"start": "00:08:40", "end": "00:08:46", "text": "asset have real users, real revenue, or"}, {"start": "00:08:43", "end": "00:08:48", "text": "real utility? That single question is"}, {"start": "00:08:46", "end": "00:08:50", "text": "what separates the survivors from the"}, {"start": "00:08:48", "end": "00:08:52", "text": "exit liquidity. The alt season you were"}, {"start": "00:08:50", "end": "00:08:54", "text": "promised, the one where you throw money"}, {"start": "00:08:52", "end": "00:08:56", "text": "at any ticker and it triples, is gone"}, {"start": "00:08:54", "end": "00:08:59", "text": "and the structure that made it work has"}, {"start": "00:08:56", "end": "00:09:01", "text": "been rebuilt around Bitcoin and a small"}, {"start": "00:08:59", "end": "00:09:04", "text": "handful of winners. But a recovery is"}, {"start": "00:09:01", "end": "00:09:06", "text": "still coming. It'll just require actual"}, {"start": "00:09:04", "end": "00:09:08", "text": "fundamentals rather than blind momentum."}, {"start": "00:09:06", "end": "00:09:10", "text": "The comforting lie is that if you just"}, {"start": "00:09:08", "end": "00:09:12", "text": "hold on long enough, the old alt season"}, {"start": "00:09:10", "end": "00:09:16", "text": "will come along and bail out everyone"}, {"start": "00:09:12", "end": "00:09:17", "text": "equally. Well, it won't. And that's good"}, {"start": "00:09:16", "end": "00:09:19", "text": "news if you're willing to be selective"}, {"start": "00:09:17", "end": "00:09:21", "text": "because the people who profit from you"}, {"start": "00:09:19", "end": "00:09:24", "text": "believing everything will bounce are the"}, {"start": "00:09:21", "end": "00:09:25", "text": "exact people holding the bags they need"}, {"start": "00:09:24", "end": "00:09:28", "text": "you to buy."}, {"start": "00:09:25", "end": "00:09:30", "text": "Your entire edge lies in understanding"}, {"start": "00:09:28", "end": "00:09:33", "text": "these new rules. So, how do you actually"}, {"start": "00:09:30", "end": "00:09:35", "text": "track whether the rotation is real or"}, {"start": "00:09:33", "end": "00:09:37", "text": "just more hopium? Well, here's the"}, {"start": "00:09:35", "end": "00:09:41", "text": "scoreboard. First, watch Bitcoin"}, {"start": "00:09:37", "end": "00:09:43", "text": "dominance. A decisive break below 55% is"}, {"start": "00:09:41", "end": "00:09:45", "text": "the trigger that has to be pulled before"}, {"start": "00:09:43", "end": "00:09:48", "text": "any broad old strength is real. So,"}, {"start": "00:09:45", "end": "00:09:50", "text": "until then, treat every old season is"}, {"start": "00:09:48", "end": "00:09:52", "text": "here headline with deep suspicion."}, {"start": "00:09:50", "end": "00:09:54", "text": "Second, watch the Federal Reserve. The"}, {"start": "00:09:52", "end": "00:09:56", "text": "rate cuts everyone expected this year"}, {"start": "00:09:54", "end": "00:09:58", "text": "haven't materialized. Core inflation has"}, {"start": "00:09:56", "end": "00:10:01", "text": "reaccelerated and markets are now"}, {"start": "00:09:58", "end": "00:10:04", "text": "pricing roughly a 70% chance of a rate"}, {"start": "00:10:01", "end": "00:10:06", "text": "hike by September, not a cut. The easy"}, {"start": "00:10:04", "end": "00:10:09", "text": "liquidity tailwind isn't here and the"}, {"start": "00:10:06", "end": "00:10:12", "text": "real cut window looks more like 2027,"}, {"start": "00:10:09", "end": "00:10:13", "text": "which lines up neatly with that post"}, {"start": "00:10:12", "end": "00:10:16", "text": "halving timeline."}, {"start": "00:10:13", "end": "00:10:17", "text": "Third, watch regulation. The Clarity"}, {"start": "00:10:16", "end": "00:10:19", "text": "Act, the bill that would give quality"}, {"start": "00:10:17", "end": "00:10:23", "text": "alts real footing, is sitting at around"}, {"start": "00:10:19", "end": "00:10:26", "text": "50% passage odds and falling. Galaxy"}, {"start": "00:10:23", "end": "00:10:28", "text": "Research has already trimmed it from 75%"}, {"start": "00:10:26", "end": "00:10:30", "text": "down to a coin flip, blaming a jammed"}, {"start": "00:10:28", "end": "00:10:33", "text": "Senate calendar. And if there's no floor"}, {"start": "00:10:30", "end": "00:10:37", "text": "vote before the August recess, it likely"}, {"start": "00:10:33", "end": "00:10:40", "text": "slips to 2027 or beyond. And fourth,"}, {"start": "00:10:37", "end": "00:10:42", "text": "watch the ETH/BTC ratio. If Ethereum"}, {"start": "00:10:40", "end": "00:10:44", "text": "can't reclaim ground against Bitcoin,"}, {"start": "00:10:42", "end": "00:10:46", "text": "the long tail has no chance. Whereas a"}, {"start": "00:10:44", "end": "00:10:49", "text": "sustained recovery there is your"}, {"start": "00:10:46", "end": "00:10:51", "text": "earliest signal that capital is finally"}, {"start": "00:10:49", "end": "00:10:53", "text": "moving back down the risk curve. So,"}, {"start": "00:10:51", "end": "00:10:54", "text": "keep a close eye on that scoreboard"}, {"start": "00:10:53", "end": "00:10:57", "text": "because it tells you in real time"}, {"start": "00:10:54", "end": "00:11:00", "text": "whether the recovery is real or whether"}, {"start": "00:10:57", "end": "00:11:02", "text": "you're just being sold a story."}, {"start": "00:11:00", "end": "00:11:04", "text": "So, are we witnessing a temporary reset,"}, {"start": "00:11:02", "end": "00:11:06", "text": "one final cool down before one last"}, {"start": "00:11:04", "end": "00:11:09", "text": "everything pumps alt season that bails"}, {"start": "00:11:06", "end": "00:11:11", "text": "out every bag equally? Or is the age of"}, {"start": "00:11:09", "end": "00:11:13", "text": "indiscriminate alt pumps gone for good,"}, {"start": "00:11:11", "end": "00:11:16", "text": "replaced by a market that only rewards"}, {"start": "00:11:13", "end": "00:11:19", "text": "real users, real revenue, and real"}, {"start": "00:11:16", "end": "00:11:21", "text": "utility? Reset or regime change? Because"}, {"start": "00:11:19", "end": "00:11:23", "text": "right now, both camps are reading from"}, {"start": "00:11:21", "end": "00:11:25", "text": "the exact same set of charts. And which"}, {"start": "00:11:23", "end": "00:11:26", "text": "side you land on decides whether you"}, {"start": "00:11:25", "end": "00:11:28", "text": "spend the next 2 years accumulating"}, {"start": "00:11:26", "end": "00:11:31", "text": "survivors or holding tickers that were"}, {"start": "00:11:28", "end": "00:11:33", "text": "never coming back anyway. Let us know"}, {"start": "00:11:31", "end": "00:11:35", "text": "your thoughts in the comments below."}, {"start": "00:11:33", "end": "00:11:38", "text": "Thank you all very much for watching and"}, {"start": "00:11:35", "end": "00:11:40", "text": "I will see you again soon. This is Guy"}, {"start": "00:11:38", "end": "00:11:40", "text": "signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Stable coins now move around $76 billion every�\nweekend. That's a number that makes you check��"}, {"start": "00:00:06", "end": "00:00:12", "text": "if someone accidentally added an extra zero and�\nthen check again just to be safe. Stable coins��"}, {"start": "00:00:12", "end": "00:00:16", "text": "used to be the boring bit of crypto, right? They�\nwere the digital dollars traders parked in while��"}, {"start": "00:00:16", "end": "00:00:21", "text": "deciding whether to ape into Bitcoin or rotate�\ninto altcoins. But according to a new report��"}, {"start": "00:00:21", "end": "00:00:27", "text": "from a leading name in the industry, that version�\nof stable coins has evolved into something much,��"}, {"start": "00:00:27", "end": "00:00:32", "text": "much bigger. So today, we're diving into that�\nreport to see what it found, where the biggest��"}, {"start": "00:00:32", "end": "00:00:36", "text": "growth is happening, and whether stable coins�\nare becoming one of the most important pieces��"}, {"start": "00:00:36", "end": "00:00:43", "text": "of financial infrastructure in the world. My name�\nis Louis, and you're watching the Coin Bureau. So,��"}, {"start": "00:00:43", "end": "00:00:48", "text": "without further ado, the report we're looking�\nat today comes from Binance Research titled��"}, {"start": "00:00:48", "end": "00:00:53", "text": "Stablecoin: Transforming the Financial Landscape.�\nWe'll just be looking at the main takeaways from��"}, {"start": "00:00:53", "end": "00:01:00", "text": "the report today, but we'll link the full report�\ndown below if you want to dig deep yourself. Now,��"}, {"start": "00:01:00", "end": "00:01:05", "text": "what is the Binance Research Report actually�\nsaying? Well, the simple version is this.��"}, {"start": "00:01:05", "end": "00:01:11", "text": "Stable coins are changing jobs. They started out�\nas crypto's waiting room. You sold Bitcoin, parked��"}, {"start": "00:01:11", "end": "00:01:18", "text": "in USDT or USDC, had a little think, maybe made a�\ncoffee, and then jumped right back into the next��"}, {"start": "00:01:18", "end": "00:01:24", "text": "trade. But the report argues that stable coins are�\nno longer just where money waits. Increasingly,��"}, {"start": "00:01:24", "end": "00:01:31", "text": "they are where money actually lives. The report�\nframes this using a very old idea from economics.��"}, {"start": "00:01:31", "end": "00:01:38", "text": "Money usually has three jobs. It stores value,�\nit moves value, and it settles value. In normal��"}, {"start": "00:01:38", "end": "00:01:45", "text": "human English, that means that money should�\nhelp you save, pay, and finalize transactions.��"}, {"start": "00:01:45", "end": "00:01:50", "text": "Binance research says that stable coins are�\nnow starting to do all three. So less casino��"}, {"start": "00:01:50", "end": "00:01:57", "text": "chip between trades and more digital dollar with�\na passport, a bank account, and apparently no need��"}, {"start": "00:01:57", "end": "00:02:03", "text": "for downtime. So different people are using stable�\ncoins for very different reasons. For one person,��"}, {"start": "00:02:03", "end": "00:02:09", "text": "a stable coin might be a way to protect savings�\nfrom a weak local currency. For another, it might��"}, {"start": "00:02:09", "end": "00:02:15", "text": "be the cheapest way to send money overseas. For a�\ntrader, it might be a settlement layer that keeps��"}, {"start": "00:02:15", "end": "00:02:20", "text": "working after traditional markets have gone�\nhome for the weekend and put on sweatpants.��"}, {"start": "00:02:20", "end": "00:02:26", "text": "The first major signal Binance Research points to�\nis not volume, but behavior. The report says that��"}, {"start": "00:02:26", "end": "00:02:33", "text": "among Binance users with at least $10 in portfolio�\nvalue, 30% now hold more than half their portfolio��"}, {"start": "00:02:33", "end": "00:02:41", "text": "in stable coins. Back in 2020, that figure�\nwas just 4%. Now, that is a massive shift. And��"}, {"start": "00:02:41", "end": "00:02:46", "text": "then there is the yield angle. According to the�\nreport, Binance Earn claims to have distributed��"}, {"start": "00:02:46", "end": "00:02:54", "text": "around $1.2 billion in stable coin rewards since�\n2022. Now, that is not the same as saying this is��"}, {"start": "00:02:54", "end": "00:03:00", "text": "risk-free income, cuz it is absolutely not. But�\nit does show that stable coin holders do not just��"}, {"start": "00:03:00", "end": "00:03:05", "text": "want dollars sitting in there doing nothing. They�\nwant those dollars to at least get off the sofa��"}, {"start": "00:03:05", "end": "00:03:11", "text": "and do a few chores for them. The report compares�\nhistorical onchain dollar yields of around 2% to��"}, {"start": "00:03:11", "end": "00:03:19", "text": "4% with US national savings deposits average of�\n0.38%. For someone in a developed market, that��"}, {"start": "00:03:19", "end": "00:03:25", "text": "may sound like a better savings product. But for�\nsomeone in an economy with high inflation, limited��"}, {"start": "00:03:25", "end": "00:03:30", "text": "dollar access, or weak banking options, it could�\nreally make a difference, giving them access to��"}, {"start": "00:03:30", "end": "00:03:37", "text": "a financial tool they simply did not have before.�\nBut so far, the most revealing part is premiums.��"}, {"start": "00:03:37", "end": "00:03:44", "text": "Binance research says that 87% of fiat currencies�\ntrade at a premium when used to buy stable coins.��"}, {"start": "00:03:44", "end": "00:03:51", "text": "And that premium rises with inflation, about 4%�\nin normal inflation environments, 27% in high��"}, {"start": "00:03:51", "end": "00:03:59", "text": "inflation economies, and 62% in hyperinflation�\neconomies. And let's be honest, nobody pays 62%��"}, {"start": "00:03:59", "end": "00:04:06", "text": "extra because the app looks pretty. that just�\nsignals urgency. So, the takeaway here is pretty��"}, {"start": "00:04:06", "end": "00:04:11", "text": "clear. Binance research is arguing that stable�\ncoin demand is evolving from traders chasing the��"}, {"start": "00:04:11", "end": "00:04:17", "text": "next move to people trying to preserve value,�\naccess dollar-like assets or earn a yield that��"}, {"start": "00:04:17", "end": "00:04:22", "text": "traditional options may not offer them. And when�\nthe users are both holding stable coins in larger��"}, {"start": "00:04:22", "end": "00:04:28", "text": "amounts and paying premiums to get them, that�\nshows you that there is very strong demand. Now,��"}, {"start": "00:04:28", "end": "00:04:33", "text": "before we continue, you could probably tell by�\nnow that there is a lot to keep up with here. So,��"}, {"start": "00:04:33", "end": "00:04:37", "text": "if you want to stay on top of what's happening�\nin crypto without trying to decode the entire��"}, {"start": "00:04:37", "end": "00:04:42", "text": "internet every single morning, then you should�\njoin the Coinb Telegram channel. That is where��"}, {"start": "00:04:42", "end": "00:04:47", "text": "we share breaking news, deep dive alpha, and�\nthe key market updates, all sent straight to��"}, {"start": "00:04:47", "end": "00:04:53", "text": "your device. So, sign up using the link in the�\ndescription or scan the QR code on the screen.��"}, {"start": "00:04:53", "end": "00:04:59", "text": "Okay, the next question is where is all of this�\nstable coin activity actually sitting? According��"}, {"start": "00:04:59", "end": "00:05:06", "text": "to Binance research, exchange stable coin reserves�\nhave grown to around $93 billion and Binance alone��"}, {"start": "00:05:06", "end": "00:05:14", "text": "holds about $53 billion of that. I mean, that is�\n$42 billion more than the next ranked exchange.��"}, {"start": "00:05:14", "end": "00:05:19", "text": "Now, reserves are not the whole story here, but�\nthey are a pretty important clue. We could think��"}, {"start": "00:05:19", "end": "00:05:24", "text": "of them like fuel in a tank. The more stable coin�\nliquidity sitting on a platform, the more users��"}, {"start": "00:05:24", "end": "00:05:31", "text": "can trade, pay, earn yield, move collateral,�\nor settle transactions from one place. And this��"}, {"start": "00:05:31", "end": "00:05:36", "text": "is where we need to keep the tone balanced. The�\nreport clearly shows that centralized exchanges��"}, {"start": "00:05:36", "end": "00:05:42", "text": "are still a major hub for stable coins. That could�\nbe convenient because users can do many things��"}, {"start": "00:05:42", "end": "00:05:48", "text": "in one ecosystem instead of jumping between 10�\ndifferent apps like some crypto obstacle course.��"}, {"start": "00:05:48", "end": "00:05:53", "text": "But it also raises concentration questions. If�\ntoo much stable coin activity gathers around��"}, {"start": "00:05:53", "end": "00:05:59", "text": "a small number of platforms, then transparency,�\nregulation, security, and operational resilience��"}, {"start": "00:05:59", "end": "00:06:05", "text": "become even more important. The report also�\nargues that big exchange ecosystems can help��"}, {"start": "00:06:05", "end": "00:06:12", "text": "newer stable coins scale quickly. One example it�\ngives is United Stable or U, which reportedly grew��"}, {"start": "00:06:12", "end": "00:06:20", "text": "from around $5 million in market cap to over $1�\nbillion by mid 2026. Another example is USD1,��"}, {"start": "00:06:20", "end": "00:06:27", "text": "which the report says added more than $1.4 billion�\nor 43% during the same period. The simple way to��"}, {"start": "00:06:27", "end": "00:06:33", "text": "think about this is shelf space. If a new stable�\ncoin gets liquidity, users, and integrations��"}, {"start": "00:06:33", "end": "00:06:38", "text": "inside a large ecosystem, it is not sitting in�\na quiet back alley of the internet anymore. It��"}, {"start": "00:06:38", "end": "00:06:45", "text": "is suddenly in the shopping mall. But apart from�\nexchanges alone, it is also about currency. Stable��"}, {"start": "00:06:45", "end": "00:06:51", "text": "coins are still overwhelmingly dollar denominated,�\nbut Binance Research says non-dollar demand is��"}, {"start": "00:06:51", "end": "00:07:00", "text": "becoming more visible. Local currency stable�\ncoins, including Euri, AUR, and KGST, have passed��"}, {"start": "00:07:00", "end": "00:07:07", "text": "$5 billion in cumulative trading volume on Binance�\nsince 2025. The report also says average monthly��"}, {"start": "00:07:07", "end": "00:07:13", "text": "volume is around $316 million. then that makes�\nsense because let's be real, not everyone earns��"}, {"start": "00:07:13", "end": "00:07:19", "text": "in dollars, pays bills in dollars, or thinks about�\nrisks in dollars. For a European user or business,��"}, {"start": "00:07:19", "end": "00:07:24", "text": "for example, a euro stable coin may simply be�\nmore practical than constantly routing everything��"}, {"start": "00:07:24", "end": "00:07:29", "text": "through a dollar stable coin. Right? So, the�\ntakeaway here is that stable coin infrastructure��"}, {"start": "00:07:29", "end": "00:07:35", "text": "is getting deeper in two directions at once. On�\none side, liquidity is concentrating around major��"}, {"start": "00:07:35", "end": "00:07:42", "text": "exchange rails. On the other, the currency mix is�\nslowly broadening beyond just the US dollar. Put��"}, {"start": "00:07:42", "end": "00:07:46", "text": "those together and the story of the stable coins�\nseems to be moving towards more distribution,��"}, {"start": "00:07:46", "end": "00:07:52", "text": "more infrastructure, and gradually more ways for�\ndifferent users around the world to actually use��"}, {"start": "00:07:52", "end": "00:07:58", "text": "them. Let's make one thing clear. Market�\ncap tells you how many stable coins exist.��"}, {"start": "00:07:58", "end": "00:08:03", "text": "Transactions tell you whether people are doing�\nanything useful with them. Think of it like cars.��"}, {"start": "00:08:03", "end": "00:08:08", "text": "Counting supply is like counting how many cars are�\nin the garage. Transaction data tells you whether��"}, {"start": "00:08:08", "end": "00:08:15", "text": "anyone is actually driving. According to Binance�\nresearch, BNB chain averages around 10 million��"}, {"start": "00:08:15", "end": "00:08:22", "text": "stable coin transactions per day with about 15�\nmillion monthly active stable coin addresses. The��"}, {"start": "00:08:22", "end": "00:08:29", "text": "report also says BNB chain has processed over 5.3�\nbillion stable coin transactions since 2025. Now,��"}, {"start": "00:08:29", "end": "00:08:35", "text": "not every transaction equals a coffee purchase�\nor a remittance payment, obviously, but high��"}, {"start": "00:08:35", "end": "00:08:41", "text": "transaction count and active addresses do suggest�\nthat stable coins are being used repeatedly,��"}, {"start": "00:08:41", "end": "00:08:47", "text": "not just sitting around looking pretty in wallets.�\nOh, and then there is Binance Pay. The report says��"}, {"start": "00:08:47", "end": "00:08:54", "text": "monthly merchant payment volume has grown 114%�\nyearonear and stable coins account for 98% of��"}, {"start": "00:08:54", "end": "00:08:59", "text": "total payment volume. Even more interesting,�\nthe median merchant ticket size rose from��"}, {"start": "00:08:59", "end": "00:09:07", "text": "$10 in 2025 to $18 in 2026. That may seem like�\na small jump, but that's how it starts. People��"}, {"start": "00:09:07", "end": "00:09:12", "text": "usually test new payment tools with small amounts�\nfirst. It is like trying a new food delivery app.��"}, {"start": "00:09:12", "end": "00:09:17", "text": "You start with an easy meal. If that works, maybe�\nnext time it's groceries. Bigger payments usually��"}, {"start": "00:09:17", "end": "00:09:22", "text": "mean more confidence. Now, let's focus on the�\nregional layer a bit. And the simple takeaway��"}, {"start": "00:09:22", "end": "00:09:27", "text": "is this. Different regions use stable coins�\nfor different jobs. In some places, the main��"}, {"start": "00:09:27", "end": "00:09:33", "text": "use case is saving. In others, it is transfers.�\nAnd in more developed trading markets, it can be��"}, {"start": "00:09:33", "end": "00:09:39", "text": "settlement. For example, East Asia and the Pacific�\naccounts for around 70% of Binance earned stable��"}, {"start": "00:09:39", "end": "00:09:48", "text": "coin balances. MENA is the fastest growing earn�\nregion with its share rising from 5.53% to 9.21%.��"}, {"start": "00:09:48", "end": "00:09:54", "text": "Latin America and the Caribbean saw stablecoin�\ntransfer share rise from 17 to 38%. And North��"}, {"start": "00:09:54", "end": "00:10:00", "text": "America excluding the US posted the largest�\ngain in local currency stable coin trading.��"}, {"start": "00:10:00", "end": "00:10:06", "text": "So the big picture looks pretty simple. Stable�\ncoin adoption is becoming more practical but��"}, {"start": "00:10:06", "end": "00:10:12", "text": "also more local. The same asset can be a savings�\ntool in one country, a remittance rail in another,��"}, {"start": "00:10:12", "end": "00:10:17", "text": "and a trading settlement layer somewhere else.�\nSame stable coin, different job description, and��"}, {"start": "00:10:17", "end": "00:10:23", "text": "it will be exciting to see how the regions keep�\nevolving. Now, we get to the part of the report��"}, {"start": "00:10:23", "end": "00:10:30", "text": "that feels the most futuristic money that never�\nsleeps. So, we know that traditional finance still��"}, {"start": "00:10:30", "end": "00:10:38", "text": "has a lot of please come back Monday energy. Banks�\nclose, markets pause, and settlement windows still��"}, {"start": "00:10:38", "end": "00:10:44", "text": "behave like they need a lunch break. Stable coins�\ndon't really work like that. Binance Research says��"}, {"start": "00:10:44", "end": "00:10:51", "text": "adjusted stable coin transfers average around $76�\nbillion every weekend or about $ 38 billion per��"}, {"start": "00:10:51", "end": "00:10:57", "text": "day. The report compares that with Visa's average�\ndaily transaction volume of roughly $40 billion.��"}, {"start": "00:10:57", "end": "00:11:04", "text": "And speaking of weekends, Financial News does not�\npolitely wait for opening hours. A macro shock,��"}, {"start": "00:11:04", "end": "00:11:09", "text": "currency move, or market panic can happen on�\na Saturday. Traditional rails may be asleep,��"}, {"start": "00:11:09", "end": "00:11:15", "text": "but stable coin rails are still awake, still�\nmoving, and probably overcaffeinated as the��"}, {"start": "00:11:15", "end": "00:11:22", "text": "numbers duly suggest. Oh, and then there are AI�\nagent payments, which sounds slightly sci-fi until��"}, {"start": "00:11:22", "end": "00:11:29", "text": "you see the numbers. The report says the median�\nX42 payment size is just 34, while machine payment��"}, {"start": "00:11:29", "end": "00:11:34", "text": "protocol transactions are around 8 cents. Credit�\ncards were not really built for one robot paying��"}, {"start": "00:11:34", "end": "00:11:41", "text": "another robot pocket change to complete some tiny�\ninternet task. This just makes stable coins so��"}, {"start": "00:11:41", "end": "00:11:46", "text": "interesting here. For very small programmable�\npayments, traditional fees can be larger than��"}, {"start": "00:11:46", "end": "00:11:53", "text": "the payment itself, which is obviously a problem.�\nIt is like paying a $5 delivery fee for one grape.��"}, {"start": "00:11:53", "end": "00:12:00", "text": "Technically possible, emotionally upsetting.�\nThe report also points to onchain FX. Non-doll��"}, {"start": "00:12:00", "end": "00:12:08", "text": "stable coin pairs have reached over $3 billion�\nin volume year to date in 2026, up 670% versus��"}, {"start": "00:12:08", "end": "00:12:15", "text": "the comparable period in 2024. Now, compared with�\nthe global FX market, which turns over more than��"}, {"start": "00:12:15", "end": "00:12:22", "text": "$7.5 trillion per day, that is still tiny. But�\nI believe that when tiny things are growing this��"}, {"start": "00:12:22", "end": "00:12:29", "text": "fast, they are on their way to something big. And�\nfinally, Binance Research sketches out the bigger��"}, {"start": "00:12:29", "end": "00:12:36", "text": "idea, a payment stack with fewer intermediaries.�\nThat means savings, trading, paying, borrowing,��"}, {"start": "00:12:36", "end": "00:12:42", "text": "transferring, and swapping currencies without�\nconstantly jumping through banks, card networks,��"}, {"start": "00:12:42", "end": "00:12:48", "text": "and FX middlemen. That is not guaranteed,�\nand regulation still has its say, but it is��"}, {"start": "00:12:48", "end": "00:12:54", "text": "clearly the direction that the report wants us�\nto pay attention to. So when the report calls��"}, {"start": "00:12:54", "end": "00:13:00", "text": "this money that never sleeps, that may sound like�\nsome catchy phrase, but it is actually describing��"}, {"start": "00:13:00", "end": "00:13:06", "text": "money that can move when banks are closed, when�\nmarkets are shut, and even when the user is not��"}, {"start": "00:13:06", "end": "00:13:13", "text": "a person at all. So is this a mic drop or what?�\nSo after all of that, the big takeaway from this��"}, {"start": "00:13:13", "end": "00:13:18", "text": "Binance research report is pretty simple. Stable�\ncoins are no longer just sitting in the background��"}, {"start": "00:13:18", "end": "00:13:25", "text": "of crypto. They are being used to save value, move�\nvalue, and settle value. Or in even simpler terms,��"}, {"start": "00:13:25", "end": "00:13:30", "text": "people are holding them, sending them, spending�\nthem, and building financial workflows around��"}, {"start": "00:13:30", "end": "00:13:35", "text": "them. And what makes this interesting is that�\nthese use cases are not all coming from the same��"}, {"start": "00:13:35", "end": "00:13:41", "text": "place. In one region, stable coins may be about�\nprotecting savings. In another, they may be about��"}, {"start": "00:13:41", "end": "00:13:47", "text": "cheaper transfers. For traders, they may be about�\n24/7 settlements. And for AI agents, apparently��"}, {"start": "00:13:47", "end": "00:13:53", "text": "they can be about paying each other tiny amounts�\nof money to do tiny robot things. But of course,��"}, {"start": "00:13:53", "end": "00:14:00", "text": "none of this means stable coins are risk-free.�\nPeg stability, reserve transparency, regulation,��"}, {"start": "00:14:00", "end": "00:14:07", "text": "exchange risk, and concentration across major�\nplatforms are all still and all still do have��"}, {"start": "00:14:07", "end": "00:14:13", "text": "a lot of influence on how things turn out. So�\nthe point is not that stable coins magically fix��"}, {"start": "00:14:13", "end": "00:14:18", "text": "finance. The point is that according to Binance�\nresearch, they are becoming harder and harder��"}, {"start": "00:14:18", "end": "00:14:24", "text": "for finance to ignore as they become a core part�\nof the global economy. And that is all that we��"}, {"start": "00:14:24", "end": "00:14:30", "text": "have time for for today. But what do you think?�\nAre stable coins the future of all finance or is��"}, {"start": "00:14:30", "end": "00:14:36", "text": "there a little bit too much hype here? Let us�\nknow your thoughts down in the comments below.��"}, {"start": "00:14:36", "end": "00:14:41", "text": "And if you want to find out why stable coins are�\nprime competitors for the likes of JP Morgan,��"}, {"start": "00:14:41", "end": "00:14:48", "text": "well, you can watch our video on that right over�\nhere. That is all from me for today and as always,��"}, {"start": "00:14:48", "end": "00:14:53", "text": "thanks for watching and I'll see you again�\nin the next one. This is Louis signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Being a Bitcoin holder isn't much fun these�\ndays. BTC has slipped below 60K. The ETFs are��"}, {"start": "00:00:06", "end": "00:00:12", "text": "bleeding like a stuck pig. And Michael Sailor is�\nin the doghouse after Strategy sold some coins,��"}, {"start": "00:00:12", "end": "00:00:18", "text": "albeit a negligible amount. Yep, it feels like the�\nBitcoin bulls are 4-nil down in the second half��"}, {"start": "00:00:18", "end": "00:00:25", "text": "with the Bears constantly threatening to score�\nagain. But not everyone is wallowing in gloom.��"}, {"start": "00:00:25", "end": "00:00:31", "text": "Larry Frink, the man who runs the largest�\nasset manager on Earth, is undaunted. His��"}, {"start": "00:00:31", "end": "00:00:36", "text": "firm Black Rockck controls the biggest Bitcoin�\nand Ethereum ETFs on the planet, is skimming��"}, {"start": "00:00:36", "end": "00:00:43", "text": "a cut of your staking rewards, and tokenizing�\nthe financial system itself. The institutional��"}, {"start": "00:00:43", "end": "00:00:51", "text": "takeover of crypto is in full swing. So, is this�\nthe validation crypto spent a decade waiting for,��"}, {"start": "00:00:51", "end": "00:00:58", "text": "or the exact centralization it was invented to�\nescape? To find out, I'm going to break down how��"}, {"start": "00:00:58", "end": "00:01:03", "text": "Black Rockck conquered the ETF market, exposed the�\nyield machine it's built on top of your assets,��"}, {"start": "00:01:03", "end": "00:01:09", "text": "and follow the rails all the way to the endgame.�\nMy name is Guy, and you're watching the Coin��"}, {"start": "00:01:09", "end": "00:01:18", "text": "Bureau. Yes, Bitcoin is down nearly 32% year�\nto date. Meanwhile, retail search volume has��"}, {"start": "00:01:18", "end": "00:01:24", "text": "cratered to multi-year lows, falling below levels�\nwe saw in the depths of the last bare market. So,��"}, {"start": "00:01:24", "end": "00:01:30", "text": "you'd assume, with everyone capitulating, that the�\ninstitutions were heading for the exits, too. But��"}, {"start": "00:01:30", "end": "00:01:37", "text": "you'd be wrong. Institutional Bitcoin holders�\nare still sitting on roughly 1.25 million BTC,��"}, {"start": "00:01:37", "end": "00:01:43", "text": "within 8% of their all-time high. They are not�\nselling. And Black Rockck, the biggest of them��"}, {"start": "00:01:43", "end": "00:01:50", "text": "all, managing some $14 trillion in total assets,�\nhasn't slowed down, which brings us straight to��"}, {"start": "00:01:50", "end": "00:01:57", "text": "the foundation of the whole operation, the ETF�\nempire. Black Rockck's iShares Bitcoin Trust,��"}, {"start": "00:01:57", "end": "00:02:04", "text": "ticker IBIT, is the largest spot Bitcoin ETF in�\nthe world. And as of late June, it holds around��"}, {"start": "00:02:04", "end": "00:02:15", "text": "47.4 billion in net assets and over 765,000�\nBTC. That's roughly 61% of the entire Bitcoin��"}, {"start": "00:02:15", "end": "00:02:23", "text": "ETF sector wrapped up in one single product.�\nIndeed, IBIT accounts for nearly 74% of all��"}, {"start": "00:02:23", "end": "00:02:30", "text": "spot Bitcoin ETF daily trading volume. Analysts�\ncall this a winner takemost dynamic and BlackRock��"}, {"start": "00:02:30", "end": "00:02:36", "text": "is that winner. And this is despite the fact that�\nretail is leaving in droves with the ETFs recently��"}, {"start": "00:02:36", "end": "00:02:42", "text": "posting their longest ever outflow streak. 13�\nconsecutive days from the 15th of May to the��"}, {"start": "00:02:42", "end": "00:02:50", "text": "3rd of June with IBIT alone bleeding roughly $3.3�\nbillion. For the first time since these products��"}, {"start": "00:02:50", "end": "00:02:56", "text": "launched in January 2024, the yearly flows have�\nflipped negative. But while you might assume that��"}, {"start": "00:02:56", "end": "00:03:01", "text": "Black Rockck are asking themselves why they ever�\ntouched crypto in the first place, consider this.��"}, {"start": "00:03:01", "end": "00:03:11", "text": "The company now manages over 130 billion across�\nall its cryptoreated products. And 75% of IBIT��"}, {"start": "00:03:11", "end": "00:03:18", "text": "investors had never owned a single Black Rockck�\nETF before. Once they walk through that door, they��"}, {"start": "00:03:18", "end": "00:03:25", "text": "buy the S&P 500 fund, the gold fund, the AI funds.�\nthat shiny new Bitcoin ETF was just the front door��"}, {"start": "00:03:25", "end": "00:03:29", "text": "to their wider ecosystem. Now, if you're having�\ntrouble keeping up with all these developments��"}, {"start": "00:03:29", "end": "00:03:33", "text": "across crypto, stocks, AI, commodities,�\nand all those other markets, then fear not,��"}, {"start": "00:03:33", "end": "00:03:39", "text": "because we've made it a lot easier. Right here�\non YouTube, you can now access the new Coinbureau��"}, {"start": "00:03:39", "end": "00:03:46", "text": "Club Light Plan. For just $10 a month, you'll get�\ndaily market updates across both crypto and tradi.��"}, {"start": "00:03:46", "end": "00:03:51", "text": "Our teams read on the best opportunities and�\ncurated updates with only the bits that actually��"}, {"start": "00:03:51", "end": "00:03:58", "text": "matter. So just tap the join button below this�\nvideo to get started. Now, Bitcoin may have been��"}, {"start": "00:03:58", "end": "00:04:03", "text": "a nice little earner for Black Rockck, but it�\nwas in fact just a gateway drug. In March 2026,��"}, {"start": "00:04:03", "end": "00:04:10", "text": "Black Rockck launched a staked Ethereum ETF,�\nticker ETHB, that stakes the ETH it holds for��"}, {"start": "00:04:10", "end": "00:04:17", "text": "you and takes a pretty eyewatering 18% cut of�\nthe rewards. But they don't have it all their��"}, {"start": "00:04:17", "end": "00:04:23", "text": "own way as Morgan Stanley has since filed a�\ncompeting product proposing to keep just 5%��"}, {"start": "00:04:23", "end": "00:04:29", "text": "which analysts say could eventually force Black�\nRockck's hand. Nevertheless, as things stand,��"}, {"start": "00:04:29", "end": "00:04:35", "text": "the most powerful asset manager on Earth is taking�\nnearly a fifth of the yield your assets generate��"}, {"start": "00:04:35", "end": "00:04:44", "text": "with ETHB making its first cash distribution�\non the 9th of June. A modest $351,669."}, {"start": "00:04:44", "end": "00:04:50", "text": "proof the machine is now running inside a�\nregulated rapper. And then in June they went��"}, {"start": "00:04:50", "end": "00:04:58", "text": "further. They launched Bit A, the Isshares Bitcoin�\npremium income ETF. This one is a covered call��"}, {"start": "00:04:58", "end": "00:05:03", "text": "product. And for those unfamiliar, that just means�\nit sells other people's right to buy Bitcoin at a��"}, {"start": "00:05:03", "end": "00:05:10", "text": "fixed price and pockets the premium. It writes�\ncall options on 25 to 35% of its IBIT holdings��"}, {"start": "00:05:10", "end": "00:05:19", "text": "every month. targets a 15 to 25% annual yield and�\ncharges a 0.65% fee on top. So, Black Rockck has��"}, {"start": "00:05:19", "end": "00:05:25", "text": "built a pretty impressive stack of products.�\nIBIT charges you just to hold Bitcoin. Then,��"}, {"start": "00:05:25", "end": "00:05:32", "text": "Bit A sells the upside of that volatility, while�\nETHB skims a cut of Ethereum's native yield. They��"}, {"start": "00:05:32", "end": "00:05:39", "text": "are now monetizing the yield your assets generate�\nat every single layer of the cake. Jay Jacobs,��"}, {"start": "00:05:39", "end": "00:05:45", "text": "Black Rockck's US head of equity ETFs, openly�\nadmitted that when you see IBIT outflows, it could��"}, {"start": "00:05:45", "end": "00:05:52", "text": "just be someone selling IBIT and buying bit A. In�\nother words, when you think capital is leaving,��"}, {"start": "00:05:52", "end": "00:05:59", "text": "it might just be getting upgraded into a more fee�\nhungry product without ever leaving BlackRock's��"}, {"start": "00:05:59", "end": "00:06:07", "text": "machine. But the ETFs and the yield products�\nare still just the surface. Biddrock's tokenized��"}, {"start": "00:06:07", "end": "00:06:14", "text": "treasury fund launched in 2024 holds cash, US�\ntreasury bills and repurchase agreements and keeps��"}, {"start": "00:06:14", "end": "00:06:21", "text": "a stable dollar value. It's now one of the largest�\ntokenized realorld asset funds on the planet in a��"}, {"start": "00:06:21", "end": "00:06:30", "text": "close race with rivals like circles USYC sitting�\nsomewhere between 2.5 and $2.85 billion. And it's��"}, {"start": "00:06:30", "end": "00:06:36", "text": "not stuck on one chain either. It's live across�\nnine blockchains including Ethereum, Salana,��"}, {"start": "00:06:36", "end": "00:06:43", "text": "Polygon, Avalanche, Arbitum, and Bass. Black�\nRockck is positioning itself to be everywhere in��"}, {"start": "00:06:43", "end": "00:06:50", "text": "crypto simultaneously. But even more intriguingly,�\nBidd is actively being plugged in as collateral��"}, {"start": "00:06:50", "end": "00:06:56", "text": "across DeFi. It backs Athena's dollar product. It�\nunderpins Onondo Finance's tokenized treasuries��"}, {"start": "00:06:56", "end": "00:07:02", "text": "which appear in over 30 D5 protocols and it's�\naccepted as margin collateral on platforms��"}, {"start": "00:07:02", "end": "00:07:11", "text": "including Binance, Crypto.com and Derivet. And in�\nFebruary 2026, BlackRock integrated Biddis swap X.��"}, {"start": "00:07:11", "end": "00:07:17", "text": "So institutions can swap a Black Rockck Treasury�\ntoken straight for USDC on a decentralized��"}, {"start": "00:07:17", "end": "00:07:24", "text": "exchange. The stable coin you hold, the lending�\nprotocol you use might already be backed by a��"}, {"start": "00:07:24", "end": "00:07:29", "text": "Black Rockck product under the hood. This is�\ntraditional finance putting itself directly on��"}, {"start": "00:07:29", "end": "00:07:35", "text": "chain and turning crypto into its own settlement�\nlayer. And the direction of travel here should be��"}, {"start": "00:07:35", "end": "00:07:43", "text": "pretty clear because Bidd was always a proof of�\nconcept. The real prize is the entire financial��"}, {"start": "00:07:43", "end": "00:07:48", "text": "system. And Larry Frink has been explicit�\nabout this. In his own words, every stock,��"}, {"start": "00:07:48", "end": "00:07:56", "text": "every bond, every fund eventually tokenized. He's�\ncompared this moment to the internet in 1996,��"}, {"start": "00:07:56", "end": "00:08:03", "text": "and he's now moving to tokenize Black Rockck's�\n$4 trillion Eyesshares franchise. For scale,��"}, {"start": "00:08:03", "end": "00:08:10", "text": "the total tokenized real world asset market right�\nnow sits at around $32 billion. And now, Black��"}, {"start": "00:08:10", "end": "00:08:18", "text": "Rockck alone is preparing to bring $4 trillion on�\nchain. But it's not alone. There's a DTCC pilot��"}, {"start": "00:08:18", "end": "00:08:25", "text": "running with over 50 firms including JP Morgan�\nand Goldman Sachs to put Russell 1000 equities,��"}, {"start": "00:08:25", "end": "00:08:32", "text": "major ETFs, and US treasuries onto blockchain�\nrails. The SEC issued a no action letter back in��"}, {"start": "00:08:32", "end": "00:08:40", "text": "December 2025 authorizing a three-year pilot with�\nlimited production trades targeted for July 2026��"}, {"start": "00:08:40", "end": "00:08:50", "text": "and a full commercial launch planned for October�\n2026. And remember, the DTCC custodies over $114��"}, {"start": "00:08:50", "end": "00:08:58", "text": "trillion in securities. Even 1% of that moving�\non chain is 1.14 trillion in tokenized assets.��"}, {"start": "00:08:58", "end": "00:09:06", "text": "There's no getting away from it. Crypto's rails�\nare being rebuilt by Wall Street for Wall Street.��"}, {"start": "00:09:06", "end": "00:09:10", "text": "Right. If you're looking to trade these latest�\nmarket moves, whether that's crypto or traditional��"}, {"start": "00:09:10", "end": "00:09:16", "text": "assets like gold and commodities, then BitGet is�\ndefinitely worth a look. They've just rolled out��"}, {"start": "00:09:16", "end": "00:09:21", "text": "their Tradfy trading platform, which lets you�\ntrade assets like gold and other commodities��"}, {"start": "00:09:21", "end": "00:09:29", "text": "directly using USDT. So, you don't need to jump�\nbetween platforms. You also get deep liquidity,��"}, {"start": "00:09:29", "end": "00:09:39", "text": "low slippage, and access to up to 500x leverage.�\nNow, if you sign up using the QR code on screen��"}, {"start": "00:09:39", "end": "00:09:46", "text": "or the link in the description, you can get�\nup to $50,000 in bonuses. And on top of that,��"}, {"start": "00:09:46", "end": "00:09:55", "text": "if you complete your first net deposit of $5,000�\nand place your first trade, you'll unlock a VIP3��"}, {"start": "00:09:55", "end": "00:10:06", "text": "trial. Now, that includes up to 38% fee discounts,�\nexclusive VIP perks, and free token airdrops. So,��"}, {"start": "00:10:06", "end": "00:10:11", "text": "scan the QR code, check the link below,�\nand see what BitGet has to offer. Now,��"}, {"start": "00:10:11", "end": "00:10:18", "text": "that said, it's not all bad. Having BlackRock�\nand the DTCC building on the blockchain is the��"}, {"start": "00:10:18", "end": "00:10:23", "text": "ultimate stamp of approval that this technology�\nis real financial infrastructure and not just a��"}, {"start": "00:10:23", "end": "00:10:29", "text": "casino. Then there's the efficiency argument.�\nTokenization promises near instant settlement,��"}, {"start": "00:10:29", "end": "00:10:34", "text": "247 markets, and fractional ownership of assets�\nthat were previously inaccessible to ordinary��"}, {"start": "00:10:34", "end": "00:10:40", "text": "people. With the 10-year Treasury yielding�\naround 4.5%, tokenized treasuries let stable��"}, {"start": "00:10:40", "end": "00:10:48", "text": "coin holders earn near risk-free yield on chain�\nthat simply didn't exist before. And you can't��"}, {"start": "00:10:48", "end": "00:10:53", "text": "exactly argue with the numbers either. Black�\nRockck's digital asset products generated $42��"}, {"start": "00:10:53", "end": "00:11:00", "text": "million in revenue in a single quarter, and Bidd�\nhas paid out over $100 million in dividends since��"}, {"start": "00:11:00", "end": "00:11:07", "text": "inception. Black Rockck's own COO, Rob Goldstein,�\nframes tokenization as a complimentary technology,��"}, {"start": "00:11:07", "end": "00:11:13", "text": "a bridge between the old system and the new, not�\na hostile takeover. Meanwhile, Noriel Rabini,��"}, {"start": "00:11:13", "end": "00:11:20", "text": "a man who once called crypto a scam, is preparing�\nto launch his own blockchain product, USAFI,��"}, {"start": "00:11:20", "end": "00:11:27", "text": "targeting Q3 2026 under Dubai's regulatory�\nframework, signaling that even some of crypto's��"}, {"start": "00:11:27", "end": "00:11:34", "text": "most vocal critics are moving onto the rails�\nthey once dismissed. But before you say, \"Shut��"}, {"start": "00:11:34", "end": "00:11:40", "text": "up and take my money,\" consider the trade-offs.�\nIn the DTCC model, the blockchain isn't the master��"}, {"start": "00:11:40", "end": "00:11:47", "text": "record. The DTCC keeps the so-called golden record�\non its own centralized ledger, and the tokens are��"}, {"start": "00:11:47", "end": "00:11:54", "text": "merely mirrored copies. Critics call this a�\nfaster shared database with override keys. The��"}, {"start": "00:11:54", "end": "00:12:01", "text": "exact opposite of an immutable trustless system.�\nMeanwhile, Bidd is permissioned. You need to be a��"}, {"start": "00:12:01", "end": "00:12:07", "text": "qualified purchaser. You need KYC and the issuer�\ncan freeze your assets, blacklist your wallet��"}, {"start": "00:12:07", "end": "00:12:13", "text": "and restrict your transfers through the smart�\ncontract. Bickens CEO Edwin Mata put it perfectly��"}, {"start": "00:12:13", "end": "00:12:19", "text": "when he said the sheer regulatory barrier�\ncreates a moat that favors massive incumbents��"}, {"start": "00:12:19", "end": "00:12:27", "text": "like BlackRock but locking smaller decentralized�\ninnovators out entirely. Even Vitalin has flagged��"}, {"start": "00:12:27", "end": "00:12:33", "text": "the danger of custody concentration, warning about�\na handful of giants controlling a huge share of��"}, {"start": "00:12:33", "end": "00:12:40", "text": "the ETH held in US ETFs. Crypto was invented to�\nprevent anyone from freezing your money or sitting��"}, {"start": "00:12:40", "end": "00:12:46", "text": "between you and your assets. But the version Wall�\nStreet is building relies on a gatekeeper who��"}, {"start": "00:12:46", "end": "00:12:52", "text": "controls the master copy and holds the override�\nkeys. The old system is adapting, offering��"}, {"start": "00:12:52", "end": "00:12:58", "text": "convenience, which most people absolutely love,�\nin exchange for control, which many simply don't��"}, {"start": "00:12:58", "end": "00:13:05", "text": "care enough about. The fox is making his case to�\nbe let into the hen house. Can anyone keep him��"}, {"start": "00:13:05", "end": "00:13:11", "text": "out for much longer? Right, that's your lot for�\ntoday. Let me know in the comments what your take��"}, {"start": "00:13:11", "end": "00:13:16", "text": "is. Should we be keeping Black Rock and Co at arms�\nlength, or is it already too late to stop them?��"}, {"start": "00:13:16", "end": "00:13:21", "text": "Thank you for watching. Check out our video on how�\nthe spot Bitcoin ETFs became the Trojan horse that��"}, {"start": "00:13:21", "end": "00:13:27", "text": "started all of this. Don't stop being gorgeous and�\nI'll see you again soon. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Andrew Tate has built an entire empire on one�\nsingle promise. That he's a financial Midas. That��"}, {"start": "00:00:06", "end": "00:00:10", "text": "money flows to him no matter what he touches.�\nAnd that if you're broke, it's a skill issue,��"}, {"start": "00:00:10", "end": "00:00:16", "text": "a mindset problem. Proof you're still stuck in�\nthe matrix. And of course, the self-made TopG��"}, {"start": "00:00:16", "end": "00:00:20", "text": "prints cash on demand. Now, here's what makes Tate�\ndifferent from every other wealth Google. Most��"}, {"start": "00:00:20", "end": "00:00:25", "text": "of them you can't check. The Lambos are rented,�\nthe bank statements cropped, the portfolio is a��"}, {"start": "00:00:25", "end": "00:00:30", "text": "screenshot, but Tate's actual trading wallet is�\nsitting on a public blockchain tracked in real��"}, {"start": "00:00:30", "end": "00:00:35", "text": "time by anyone with an internet connection. And it�\ntells us an interesting story. So today, I'm going��"}, {"start": "00:00:35", "end": "00:00:40", "text": "to walk you through a couple of things hiding in�\nthat data. A six-f figureure black hole where his��"}, {"start": "00:00:40", "end": "00:00:45", "text": "money went to die, over a 100 liquidations, and�\na token he launched himself, promised to hold on��"}, {"start": "00:00:45", "end": "00:00:50", "text": "forever, and then dumped on his own followers.�\nThe question underneath all of this is simple.��"}, {"start": "00:00:50", "end": "00:00:56", "text": "Is Tate a deliberate cryptor running a playbook or�\njust a gambler who believed in his own marketing?��"}, {"start": "00:00:56", "end": "00:01:00", "text": "My name is DC and you're watching the Coin�\nBureau. Now, before we look into his wallet,��"}, {"start": "00:01:00", "end": "00:01:07", "text": "Bitcoin is sitting at roughly $61,600 as I record�\nthis video, down about 16% on the month. In fact,��"}, {"start": "00:01:07", "end": "00:01:14", "text": "June 2026 was Bitcoin's worst month since June�\n2022. And US spot Bitcoin ETFs bled a record��"}, {"start": "00:01:14", "end": "00:01:21", "text": "of $4.5 billion in a single month. On June 6th�\nalone, over 254,000 traders could liquidate with��"}, {"start": "00:01:21", "end": "00:01:26", "text": "losses topping $1 billion across the market.�\nSo, in other words, this was one of the most��"}, {"start": "00:01:26", "end": "00:01:31", "text": "punishing environments of the entire year to be�\nrunning leverage. Any experienced trader d-risks��"}, {"start": "00:01:31", "end": "00:01:35", "text": "into that kind of carnage. Tate, as you'll�\nsee, did the exact opposite. Which brings us��"}, {"start": "00:01:35", "end": "00:01:39", "text": "to the persona he's selling because you have to�\nunderstand the pitch before you can appreciate��"}, {"start": "00:01:39", "end": "00:01:44", "text": "the punchline. The whole Tate brand rests on the�\nidea that traditional work is for what he calls��"}, {"start": "00:01:44", "end": "00:01:49", "text": "poor beta. Escape the matrix. Follow the top G and�\nmoney takes care of itself. When he launched his��"}, {"start": "00:01:49", "end": "00:01:54", "text": "memecoin last year, his promotional line was�\npure exclusion. Something along the lines of,��"}, {"start": "00:01:54", "end": "00:01:59", "text": "\"Imagine thinking you have any net worth while�\nowning zero of my token. Fast track your wallet��"}, {"start": "00:01:59", "end": "00:02:04", "text": "to a million. Follow me. Get rich.\" It's a fantasy�\nsold to young men who desperately want to believe��"}, {"start": "00:02:04", "end": "00:02:09", "text": "it. And normally, this is where the story ends�\nbecause there's no way to audit a guru. Except��"}, {"start": "00:02:09", "end": "00:02:14", "text": "this time, there is because Tate chose to�\ntrade on Hyperlid. And for those unfamiliar,��"}, {"start": "00:02:14", "end": "00:02:18", "text": "Hyperlquid is a decentralized exchange where�\neverything happens on chain. Put simply, there��"}, {"start": "00:02:18", "end": "00:02:24", "text": "is no private brokerage account hiding the damage.�\nSo every deposit, every trade, every liquidation��"}, {"start": "00:02:24", "end": "00:02:29", "text": "is written to a public ledger forever. And his�\nwallet got deanonymized. And onchain trackers��"}, {"start": "00:02:29", "end": "00:02:35", "text": "like Look on Chain and Arcam have been following�\nit ever since. So for the first time, we don't��"}, {"start": "00:02:35", "end": "00:02:40", "text": "have to take a wealth guru's word for anything. We�\ncan just confirm what did or didn't happen. Now,��"}, {"start": "00:02:40", "end": "00:02:44", "text": "before we crack those receipts open, a very quick�\nword. Keeping up with the broader environment,��"}, {"start": "00:02:44", "end": "00:02:49", "text": "regulation, onchain stories like this one,�\nthat is a full-time job. So, if you want our��"}, {"start": "00:02:49", "end": "00:02:54", "text": "team pinning the news, the onchain alpha, the�\nmarket moves that actually matter as they land,��"}, {"start": "00:02:54", "end": "00:02:59", "text": "come and join the Coin Pure Telegram channel. The�\nlinks in the description below and the QR codes on��"}, {"start": "00:02:59", "end": "00:03:04", "text": "your screen right now. Right back to the wallet.�\nLet's start with the headline numbers because��"}, {"start": "00:03:04", "end": "00:03:10", "text": "they are brutal. Across his trading history, Tate�\nhas been liquidated more than 108 times. His win��"}, {"start": "00:03:10", "end": "00:03:16", "text": "rate sits around 35%. To put that in plain terms,�\nroughly two out of every three trades he opens end��"}, {"start": "00:03:16", "end": "00:03:22", "text": "in a loss. One snapshot pegged it at 29 winning�\ntrades out of 80. Cumulative losses across the��"}, {"start": "00:03:22", "end": "00:03:28", "text": "wallet land somewhere between $800 and $900,000�\ndepending on how you count. But here's the single��"}, {"start": "00:03:28", "end": "00:03:34", "text": "most standing figure in this entire story. Over�\n$727,000 has been deposited into that account.��"}, {"start": "00:03:34", "end": "00:03:40", "text": "And the amount he's ever withdrawn, zero. Not a�\nsingle cent was taken off the table. Every dollar��"}, {"start": "00:03:40", "end": "00:03:44", "text": "that walked in either grew for a moment or bled�\nstraight into the market. Now, you might assume��"}, {"start": "00:03:44", "end": "00:03:50", "text": "that confirms his Bugatti is not rented. Yes, but�\nthere's a bigger problem here. Analysts have a��"}, {"start": "00:03:50", "end": "00:03:55", "text": "name for this pattern. It's called gamblers�\nruin. You deposit, you blow up, you reload,��"}, {"start": "00:03:55", "end": "00:04:00", "text": "you blow up again, and you never ever bank a win.�\nThe clearest illustration of that loop happened��"}, {"start": "00:04:00", "end": "00:04:05", "text": "just last month. On June 17th, Tate deposited�\n$100,000 into the account. He immediately opened��"}, {"start": "00:04:05", "end": "00:04:14", "text": "a 40x leverage long on Bitcoin. That's 57.36 BTC,�\na notional position worth around 3.76 million of��"}, {"start": "00:04:14", "end": "00:04:20", "text": "a 100 grand of actual capital. Now, here's the�\nmechanic that matters. At 40x leverage, a move of��"}, {"start": "00:04:20", "end": "00:04:27", "text": "just 1.25% to 2.5% against you wipes the entire�\nposition. Meaning, Bitcoin only has to twitch a��"}, {"start": "00:04:27", "end": "00:04:32", "text": "few hundred in the wrong direction and it's over.�\nAs price slid towards his liquidation level,��"}, {"start": "00:04:32", "end": "00:04:37", "text": "he tried to save it. And this is the detail that�\ntells you everything. Against a position worth��"}, {"start": "00:04:37", "end": "00:04:45", "text": "millions, he topped up his collateral by $72.11.�\n72 quid against a multi-million dollar bet. That's��"}, {"start": "00:04:45", "end": "00:04:51", "text": "the financial equivalent of bailing out a sinking�\nship with a teaspoon. It failed. Obviously,��"}, {"start": "00:04:51", "end": "00:04:55", "text": "the long got liquidated and instead of stepping�\nback, he panic flipped, opening a 40x short��"}, {"start": "00:04:55", "end": "00:05:00", "text": "worth around a million dollars in the opposite�\ndirection. And of course that got liquidated too��"}, {"start": "00:05:00", "end": "00:05:05", "text": "as the volatility kept whipping. Eight separate�\nliquidations in under 24 hours. His 100 grand��"}, {"start": "00:05:05", "end": "00:05:12", "text": "became about $14,000. Roughly 86k gone in a�\nsingle day. And here's the thing. This wasn't a��"}, {"start": "00:05:12", "end": "00:05:17", "text": "oneoff bad session. Which brings us to the deeper�\nquestion. Why does this keep happening? Because a��"}, {"start": "00:05:17", "end": "00:05:24", "text": "35% win rate over a 100 plus liquidations isn't�\nbad luck. It's a system. And it's a system built��"}, {"start": "00:05:24", "end": "00:05:29", "text": "to self-destruct. Now there are four behaviors�\nthat show up again and again in the data. The��"}, {"start": "00:05:29", "end": "00:05:35", "text": "first is leverage itself. 40x on Bitcoin leaves�\nyou virtually no margin for error. So completely��"}, {"start": "00:05:35", "end": "00:05:40", "text": "ordinary market noise, the kind that happens every�\nsingle day becomes an accountending event. The��"}, {"start": "00:05:40", "end": "00:05:44", "text": "second is averaging into losers. When a trade�\nmoves against him, the disciplined play is to��"}, {"start": "00:05:44", "end": "00:05:49", "text": "cut it and live to fight another day. Instead, the�\npattern shows him pouring more and more collateral��"}, {"start": "00:05:49", "end": "00:05:55", "text": "into positions that are already sinking. That $72�\ntopup is the comedy version. The tragedy version��"}, {"start": "00:05:55", "end": "00:06:01", "text": "played out back in November 2025 when a single�\n40x Bitcoin long got liquidated for a reported��"}, {"start": "00:06:01", "end": "00:06:07", "text": "$235,000 loss. The third behavior is panic�\nflipping. Long gets liquidated, so he immediately��"}, {"start": "00:06:07", "end": "00:06:12", "text": "slams into a short. Short gets liquidated, so he�\nflips back. Analysts call this revenge trading,��"}, {"start": "00:06:12", "end": "00:06:17", "text": "an emotional scramble to win the money back�\ninstantly rather than stopping to think. It almost��"}, {"start": "00:06:17", "end": "00:06:23", "text": "always mistimes the market. And the fourth is that�\nreload cycle I already covered. No withdrawals,��"}, {"start": "00:06:23", "end": "00:06:28", "text": "no risk taken off the table, just deposit after�\ndeposit feeding the fire. Stack those four��"}, {"start": "00:06:28", "end": "00:06:32", "text": "together and you get one of the most liquidated�\nwallets on the entire platform. In fact,��"}, {"start": "00:06:32", "end": "00:06:38", "text": "over one stretch in November 2025, reports at the�\ntime suggested he was among the most frequently��"}, {"start": "00:06:38", "end": "00:06:42", "text": "liquidated traders on the entire platform.�\nAnd this is where it almost gets poetic. The��"}, {"start": "00:06:42", "end": "00:06:47", "text": "crypto community noticed some traders reportedly�\nstarted joking about tracking his wallet just to��"}, {"start": "00:06:47", "end": "00:06:53", "text": "bet against him. An unofficial inverse tate, if�\nyou like. The top G became so reliably wrong that��"}, {"start": "00:06:53", "end": "00:06:58", "text": "his own positions could be read as a signal to do�\nthe exact opposite. Now, in fairness, Tate is a��"}, {"start": "00:06:58", "end": "00:07:03", "text": "huge name, which is why this spiked attention in�\nthe crypto community, but he's definitely not the��"}, {"start": "00:07:03", "end": "00:07:08", "text": "only high-profile trader to blow up on Hyperlid.�\nThe leaderboards are littered with them. The��"}, {"start": "00:07:08", "end": "00:07:13", "text": "same transparency that exposes him would expose�\nplenty of others who talk a big game. And the man��"}, {"start": "00:07:13", "end": "00:07:18", "text": "was trading into a genuinely savage market, one�\nwhere hundreds of thousands of leveraged punters��"}, {"start": "00:07:18", "end": "00:07:23", "text": "got wiped in single sessions. But that's exactly�\nthe point. Everyone else who got flattened wasn't��"}, {"start": "00:07:23", "end": "00:07:27", "text": "simultaneously selling courses on how to get rich.�\nThey weren't telling millions of young men that��"}, {"start": "00:07:27", "end": "00:07:33", "text": "money bends to their will. But Andrew Tate was.�\nAnd that gap between the persona and the ledger��"}, {"start": "00:07:33", "end": "00:07:37", "text": "is where this stops being a bad trading story�\nand becomes something far worse. Because if the��"}, {"start": "00:07:37", "end": "00:07:42", "text": "trading were the whole story, you could file it�\nunder ego and move on. But the tokens are where��"}, {"start": "00:07:42", "end": "00:07:47", "text": "the mask slips completely. In June 2024, Tate got�\nbehind a Solana memecoin launched as a rival to��"}, {"start": "00:07:47", "end": "00:07:53", "text": "another celebrity token. It ripped. At its peak,�\nit reached a market cap somewhere in the region of��"}, {"start": "00:07:53", "end": "00:08:00", "text": "275 to $300 million. And Tate's promise to holders�\nwas absolute. He said he'd never sell, only burn��"}, {"start": "00:08:00", "end": "00:08:04", "text": "and buy. He put it on the record publicly pledging�\nthat he would never ever sell what was sent to��"}, {"start": "00:08:04", "end": "00:08:09", "text": "his wallet. Diamond Hands. Now, here's what the�\nonchain analysis found. Firms mapping the wallets��"}, {"start": "00:08:09", "end": "00:08:14", "text": "reported that insiders controlled somewhere�\nbetween 30 and 40% of the entire supply before��"}, {"start": "00:08:14", "end": "00:08:20", "text": "the public promotion even started. Roughly 40%�\nof the token was reportedly sent to Tate's own��"}, {"start": "00:08:20", "end": "00:08:26", "text": "wallet shortly after launch. At the peak, insiders�\nwere sitting on over $45 million in value. So,��"}, {"start": "00:08:26", "end": "00:08:31", "text": "while the crowd was being told to hold with�\nDiamond Huns, the people at the top were holding��"}, {"start": "00:08:31", "end": "00:08:36", "text": "a third of the float they'd accumulated before�\nthe hype machine ever fired up. That token is��"}, {"start": "00:08:36", "end": "00:08:41", "text": "now down more than 97% from its high. Over 2,000�\nwallets exited between August and November of last��"}, {"start": "00:08:41", "end": "00:08:46", "text": "year. The retail crowd got flattened. And you�\nmight think this is the end of the hypocrisy,��"}, {"start": "00:08:46", "end": "00:08:52", "text": "but it isn't because just weeks ago in July 2026,�\nit happened again, only faster and more brazen.��"}, {"start": "00:08:52", "end": "00:08:59", "text": "Tate had a second token, this one carrying his�\nown name. Same pledge, Diamond Hands, Hold, burn,��"}, {"start": "00:08:59", "end": "00:09:05", "text": "never sell. Then onchain trackers caught a wallet�\nlinked to him swapping roughly 650 million tokens,��"}, {"start": "00:09:05", "end": "00:09:10", "text": "about 65% of the total supply through a Solana�\nexchange. The take from dumping the majority of��"}, {"start": "00:09:10", "end": "00:09:17", "text": "his own token around $23,000. 23 grand. That's�\npocket change against the scale of losses he��"}, {"start": "00:09:17", "end": "00:09:24", "text": "inflicted on the people who trusted the pledge.�\nThe token created around 95% of the back of it.��"}, {"start": "00:09:24", "end": "00:09:28", "text": "The self-branded money genius rugpulled his�\nown community for what one analyst called a��"}, {"start": "00:09:28", "end": "00:09:33", "text": "rounding error. He's reportedly promoted over�\n10 Solana meme coins in a short span starting��"}, {"start": "00:09:33", "end": "00:09:40", "text": "in mid 2024 with most of them tokens like Roost�\nand Topg crashing anywhere from 75% to 90% after��"}, {"start": "00:09:40", "end": "00:09:45", "text": "his endorsement. So the pattern here isn't hard�\nto figure out anymore. The interesting part is��"}, {"start": "00:09:45", "end": "00:09:50", "text": "that two things are true at the same time and�\nboth of them are damn it. On one hand, Nuttate��"}, {"start": "00:09:50", "end": "00:09:57", "text": "is a genuinely terrible trader. A 35% win rate,�\n108 plus liquidations, 3/4 of a million dollars��"}, {"start": "00:09:57", "end": "00:10:02", "text": "deposited and nothing withdrawn. That's definitely�\nnot a man who makes money on everything he��"}, {"start": "00:10:02", "end": "00:10:07", "text": "touches. But on the other hand, he's an extremely�\neffective salesman of the opposite story. And the��"}, {"start": "00:10:07", "end": "00:10:12", "text": "tokens prove the salesman knows exactly what�\nhe's doing. You don't accidentally accumulate a��"}, {"start": "00:10:12", "end": "00:10:18", "text": "third of a supply before you promote it. You don't�\nrandomly dump 65% of your holdings the week after��"}, {"start": "00:10:18", "end": "00:10:23", "text": "preaching diamond hands. So, the real lesson�\nhere isn't about Tate at all. It's about the��"}, {"start": "00:10:23", "end": "00:10:29", "text": "machine that destroyed him because it destroys�\nordinary people every single day. Leverage plus��"}, {"start": "00:10:29", "end": "00:10:35", "text": "ego equals liquidation. Tate had the ego turned�\nup to maximum, the need to publicly win, to never��"}, {"start": "00:10:35", "end": "00:10:41", "text": "being seen cutting a loss to prove the top G�\npersona in real time. And that need is precisely��"}, {"start": "00:10:41", "end": "00:10:46", "text": "what stops a trader from doing the one thing�\nthat keeps them alive, cutting the bad trade.��"}, {"start": "00:10:46", "end": "00:10:51", "text": "Regulatory studies on leveraged retail trading�\nhave found that a large majority, often cited��"}, {"start": "00:10:51", "end": "00:10:57", "text": "at 70 to 90% of those traders lose money. The only�\nreal difference between them and ters, that their��"}, {"start": "00:10:57", "end": "00:11:01", "text": "white bots aren't sitting on a public blockchain�\nfor the world to laugh at. So, if you take away��"}, {"start": "00:11:01", "end": "00:11:06", "text": "one thing from this video, take this. The moment�\nyour trade becomes about being right instead of��"}, {"start": "00:11:06", "end": "00:11:12", "text": "being disciplined, you've already started the�\ncountdown to your own $72 topup. Check your��"}, {"start": "00:11:12", "end": "00:11:17", "text": "liquidation level before you enter, not after.�\nSize so that a normal day in the market can't��"}, {"start": "00:11:17", "end": "00:11:22", "text": "end your account. And when a position is wrong,�\ntake the loss off the table while it's still small��"}, {"start": "00:11:22", "end": "00:11:26", "text": "enough to survive. That's the boring stuff the�\ntop G persona can never sell you because there's��"}, {"start": "00:11:26", "end": "00:11:31", "text": "no course in I cut my loss and moved on. But this�\nis the difference between people who survive the��"}, {"start": "00:11:31", "end": "00:11:35", "text": "market and people who become another liquidation�\nstatistic. And that's the whole point of what we��"}, {"start": "00:11:35", "end": "00:11:41", "text": "do here. We don't deal in hype. We don't deal in�\nfear. We deal in what the data actually shows.��"}, {"start": "00:11:41", "end": "00:11:46", "text": "So here's the question I want to leave you with.�\nIs Andrew Tate a deliberate crypto? Someone who��"}, {"start": "00:11:46", "end": "00:11:50", "text": "mapped the inside accumulation, mapped the diamond�\nhands pledge, and dumped on his followers with��"}, {"start": "00:11:50", "end": "00:11:55", "text": "full intent. Or is he just a gambler who believes�\nhis own marketing so completely that he leveraged��"}, {"start": "00:11:55", "end": "00:12:00", "text": "himself to 40x and let his ego liquidate him in�\npublic? because right now the exact same wallet��"}, {"start": "00:12:00", "end": "00:12:05", "text": "data supports both readings. So let me know�\nwhich of those you think it is. And if you��"}, {"start": "00:12:05", "end": "00:12:09", "text": "want to understand how these memecoin launches�\nare engineered to extract maximum liquidity from��"}, {"start": "00:12:09", "end": "00:12:14", "text": "retail investors from the very first block, then�\ndefinitely check out our full breakdown right over��"}, {"start": "00:12:14", "end": "00:12:21", "text": "here. Thank you all so much for watching and I'll�\nsee you again very soon. This is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "On June 18th, a $1.8 trillion asset"}, {"start": "00:00:03", "end": "00:00:07", "text": "manager took a 100-year-old investing"}, {"start": "00:00:06", "end": "00:00:10", "text": "idea that your grandfather used to"}, {"start": "00:00:07", "end": "00:00:13", "text": "compound blue chip stocks and aimed it"}, {"start": "00:00:10", "end": "00:00:15", "text": "directly at Bitcoin. Franklin Templeton"}, {"start": "00:00:13", "end": "00:00:18", "text": "filed two ETFs that hold ordinary US"}, {"start": "00:00:15", "end": "00:00:21", "text": "dividend stocks and funnel the dividend"}, {"start": "00:00:18", "end": "00:00:24", "text": "cash straight into BTC. No wallet, no"}, {"start": "00:00:21", "end": "00:00:26", "text": "exchange, no decision. You just own"}, {"start": "00:00:24", "end": "00:00:28", "text": "boring dividend stocks and in the"}, {"start": "00:00:26", "end": "00:00:31", "text": "background a machine accumulates Bitcoin"}, {"start": "00:00:28", "end": "00:00:34", "text": "on your behalf forever. And here's the"}, {"start": "00:00:31", "end": "00:00:36", "text": "thing, this isn't just one weird filing."}, {"start": "00:00:34", "end": "00:00:39", "text": "Black Rockck launched a Bitcoin income"}, {"start": "00:00:36", "end": "00:00:42", "text": "ETF 2 days earlier. Bitwise is"}, {"start": "00:00:39", "end": "00:00:44", "text": "forecasting over 100 crypto ETFs this"}, {"start": "00:00:42", "end": "00:00:46", "text": "year. Wall Street has stopped selling"}, {"start": "00:00:44", "end": "00:00:49", "text": "you Bitcoin and started selling you"}, {"start": "00:00:46", "end": "00:00:51", "text": "Bitcoin rappers, one for every type of"}, {"start": "00:00:49", "end": "00:00:53", "text": "investor alive. So today, I'm going to"}, {"start": "00:00:51", "end": "00:00:55", "text": "break down exactly how this dividend"}, {"start": "00:00:53", "end": "00:00:58", "text": "machine works, expose why the smartest"}, {"start": "00:00:55", "end": "00:01:01", "text": "money on Earth is building automated BTC"}, {"start": "00:00:58", "end": "00:01:03", "text": "buyers while retail panic sells, and ask"}, {"start": "00:01:01", "end": "00:01:05", "text": "the uncomfortable question underneath it"}, {"start": "00:01:03", "end": "00:01:08", "text": "all. Is this the structural shift that"}, {"start": "00:01:05", "end": "00:01:11", "text": "defines Bitcoin's next decade, or just a"}, {"start": "00:01:08", "end": "00:01:13", "text": "fee factory dressed up as innovation? My"}, {"start": "00:01:11", "end": "00:01:15", "text": "name is Louis and you're watching the"}, {"start": "00:01:13", "end": "00:01:18", "text": "Coin Bureau. Now, before we get into the"}, {"start": "00:01:15", "end": "00:01:20", "text": "machine, you need the backdrop because"}, {"start": "00:01:18", "end": "00:01:24", "text": "the timing here is genuinely strange."}, {"start": "00:01:20", "end": "00:01:27", "text": "Bitcoin is sitting at roughly $59,500"}, {"start": "00:01:24", "end": "00:01:32", "text": "as I record this, down about 52% from"}, {"start": "00:01:27", "end": "00:01:35", "text": "its October all-time high of $124,720."}, {"start": "00:01:32", "end": "00:01:38", "text": "The 14-day RSI is parked at 31, knocking"}, {"start": "00:01:35", "end": "00:01:40", "text": "on the door of oversold. The fear and"}, {"start": "00:01:38", "end": "00:01:43", "text": "greed index just printed 13 deep in"}, {"start": "00:01:40", "end": "00:01:47", "text": "extreme fear. US spot Bitcoin ETFs has"}, {"start": "00:01:43", "end": "00:01:50", "text": "bled out around $6.35 billion over seven"}, {"start": "00:01:47", "end": "00:01:53", "text": "brutal weeks with a single day in late"}, {"start": "00:01:50", "end": "00:01:56", "text": "June seeing nearly $692 million walk out"}, {"start": "00:01:53", "end": "00:02:00", "text": "the door. Total spot ETF assets have"}, {"start": "00:01:56", "end": "00:02:03", "text": "collapsed from roughly $170 billion at"}, {"start": "00:02:00", "end": "00:02:05", "text": "the peak to about 73 billion today. This"}, {"start": "00:02:03", "end": "00:02:08", "text": "is not sunshine and rainbows out there."}, {"start": "00:02:05", "end": "00:02:10", "text": "This is a cold, riskoff, capitulating"}, {"start": "00:02:08", "end": "00:02:12", "text": "market. And it's against exactly that"}, {"start": "00:02:10", "end": "00:02:14", "text": "backdrop that the deepest pools of"}, {"start": "00:02:12", "end": "00:02:16", "text": "capital on Earth decided to start"}, {"start": "00:02:14", "end": "00:02:18", "text": "building permanent BTC buying"}, {"start": "00:02:16", "end": "00:02:20", "text": "infrastructure, which brings us directly"}, {"start": "00:02:18", "end": "00:02:22", "text": "to what Franklin Templeton actually"}, {"start": "00:02:20", "end": "00:02:25", "text": "built. So, let's start with the boring"}, {"start": "00:02:22", "end": "00:02:27", "text": "grandfather bit because the genius is in"}, {"start": "00:02:25", "end": "00:02:30", "text": "the boredom. A dividend reinvestment"}, {"start": "00:02:27", "end": "00:02:33", "text": "plan or drip is about as exciting as"}, {"start": "00:02:30", "end": "00:02:35", "text": "financial machinery gets. Put simply,"}, {"start": "00:02:33", "end": "00:02:37", "text": "when a stock pays you a dividend,"}, {"start": "00:02:35", "end": "00:02:39", "text": "instead of taking the cash, plan"}, {"start": "00:02:37", "end": "00:02:41", "text": "automatically buys you more shares of"}, {"start": "00:02:39", "end": "00:02:43", "text": "that same stock. Do that for 30 years"}, {"start": "00:02:41", "end": "00:02:46", "text": "and the compounding quietly builds a"}, {"start": "00:02:43", "end": "00:02:48", "text": "fortune while you do absolutely nothing."}, {"start": "00:02:46", "end": "00:02:51", "text": "It's the most grandfather tier finance"}, {"start": "00:02:48", "end": "00:02:54", "text": "imaginable. Now, here's Franklin's"}, {"start": "00:02:51", "end": "00:02:57", "text": "twist. Their two funds, the Franklin US"}, {"start": "00:02:54", "end": "00:03:00", "text": "equity bitcoin drip index ETF and the"}, {"start": "00:02:57", "end": "00:03:03", "text": "innovation focused version hold a normal"}, {"start": "00:03:00", "end": "00:03:06", "text": "basket of US stocks. The broad fund"}, {"start": "00:03:03", "end": "00:03:08", "text": "tracks a vetify index of nearly 500"}, {"start": "00:03:06", "end": "00:03:10", "text": "large cap US companies, but instead of"}, {"start": "00:03:08", "end": "00:03:12", "text": "reinvesting the dividends back into"}, {"start": "00:03:10", "end": "00:03:15", "text": "those stocks, it takes that cash and"}, {"start": "00:03:12", "end": "00:03:17", "text": "buys Bitcoin exposure instead. The"}, {"start": "00:03:15", "end": "00:03:21", "text": "mechanics are deliberate. The index"}, {"start": "00:03:17", "end": "00:03:24", "text": "starts at 95% stocks and only 5%"}, {"start": "00:03:21", "end": "00:03:28", "text": "Bitcoin. When BTC drifts up past that"}, {"start": "00:03:24", "end": "00:03:30", "text": "line, it rebalances back towards 4.5% on"}, {"start": "00:03:28", "end": "00:03:32", "text": "a quarterly basis. There's a hard 20%"}, {"start": "00:03:30", "end": "00:03:34", "text": "cap, and the Bitcoin exposure is"}, {"start": "00:03:32", "end": "00:03:38", "text": "accessed through a mix of spot Bitcoin"}, {"start": "00:03:34", "end": "00:03:41", "text": "ETFs like Franklin's own EZBC,"}, {"start": "00:03:38", "end": "00:03:44", "text": "CME Futures, and Listed Options embedded"}, {"start": "00:03:41", "end": "00:03:46", "text": "right inside the fund itself rather than"}, {"start": "00:03:44", "end": "00:03:49", "text": "through a separate subsidiary. filed"}, {"start": "00:03:46", "end": "00:03:51", "text": "under 485APOS."}, {"start": "00:03:49", "end": "00:03:53", "text": "The earliest these can go live is"}, {"start": "00:03:51", "end": "00:03:56", "text": "September 1st. And here is why it's"}, {"start": "00:03:53", "end": "00:03:57", "text": "clever. It strips out every single"}, {"start": "00:03:56", "end": "00:04:00", "text": "friction point that stops a normal"}, {"start": "00:03:57", "end": "00:04:02", "text": "person from ever touching crypto. No"}, {"start": "00:04:00", "end": "00:04:05", "text": "exchange to sign up for. No seed phrase"}, {"start": "00:04:02", "end": "00:04:07", "text": "to lose. No terrifying buy button"}, {"start": "00:04:05", "end": "00:04:09", "text": "moment. You buy dividend stocks. And"}, {"start": "00:04:07", "end": "00:04:12", "text": "Bitcoin accumulation happens as a"}, {"start": "00:04:09", "end": "00:04:14", "text": "byproduct. Now, I know that keeping up"}, {"start": "00:04:12", "end": "00:04:16", "text": "with all of this is a full-time job in"}, {"start": "00:04:14", "end": "00:04:19", "text": "and of itself. a new product line, a"}, {"start": "00:04:16", "end": "00:04:21", "text": "collapsing price, and a regulatory"}, {"start": "00:04:19", "end": "00:04:23", "text": "landscape that rewrote itself overnight."}, {"start": "00:04:21", "end": "00:04:26", "text": "So, if you don't have 16 hours a day to"}, {"start": "00:04:23", "end": "00:04:28", "text": "sit watching it all unfold, come and"}, {"start": "00:04:26", "end": "00:04:30", "text": "join us at the Coin Bureau Club Light."}, {"start": "00:04:28", "end": "00:04:32", "text": "For just $10 a month, you get our team's"}, {"start": "00:04:30", "end": "00:04:34", "text": "research, market breakdowns, and the"}, {"start": "00:04:32", "end": "00:04:36", "text": "analysis that actually matters,"}, {"start": "00:04:34", "end": "00:04:38", "text": "delivered straight to you as a YouTube"}, {"start": "00:04:36", "end": "00:04:41", "text": "member. Just hit the join button below"}, {"start": "00:04:38", "end": "00:04:44", "text": "this video, and you're in. Now, back to"}, {"start": "00:04:41", "end": "00:04:46", "text": "it, because Franklin is not acting"}, {"start": "00:04:44", "end": "00:04:48", "text": "alone. And the bigger picture is where"}, {"start": "00:04:46", "end": "00:04:51", "text": "this gets serious. Two days before that"}, {"start": "00:04:48", "end": "00:04:52", "text": "filing, Black Rockck went live with"}, {"start": "00:04:51", "end": "00:04:56", "text": "something completely different. The"}, {"start": "00:04:52", "end": "00:05:00", "text": "EyesShares Bitcoin Premium Income ETF."}, {"start": "00:04:56", "end": "00:05:02", "text": "Ticker Beta launched on June 16th. This"}, {"start": "00:05:00", "end": "00:05:05", "text": "one isn't about accumulation, it's about"}, {"start": "00:05:02", "end": "00:05:08", "text": "yield. It holds spot Bitcoin and shares"}, {"start": "00:05:05", "end": "00:05:12", "text": "of Black Rockck's own IBIT. Then it"}, {"start": "00:05:08", "end": "00:05:14", "text": "sells call options on roughly 25% to 35%"}, {"start": "00:05:12", "end": "00:05:16", "text": "of those holdings. For those unfamiliar,"}, {"start": "00:05:14", "end": "00:05:19", "text": "a covered call is simpler than it"}, {"start": "00:05:16", "end": "00:05:21", "text": "sounds. Put simply, you rent out the"}, {"start": "00:05:19", "end": "00:05:24", "text": "future upside on an asset you own in"}, {"start": "00:05:21", "end": "00:05:27", "text": "exchange for cash today. Beta hands that"}, {"start": "00:05:24", "end": "00:05:30", "text": "cash to investors as monthly income,"}, {"start": "00:05:27", "end": "00:05:33", "text": "targeting a chunky 15 to 25% annualized"}, {"start": "00:05:30", "end": "00:05:37", "text": "yield while aiming to keep around 70% of"}, {"start": "00:05:33", "end": "00:05:39", "text": "Bitcoin's price moves. The fee is 0.65%."}, {"start": "00:05:37", "end": "00:05:41", "text": "So, look at what's happening here side"}, {"start": "00:05:39", "end": "00:05:44", "text": "by side. Franklin built a tool for the"}, {"start": "00:05:41", "end": "00:05:46", "text": "investor who wants to accumulate BTC"}, {"start": "00:05:44", "end": "00:05:48", "text": "without thinking. Black Rockck built one"}, {"start": "00:05:46", "end": "00:05:50", "text": "for the investor who wants income"}, {"start": "00:05:48", "end": "00:05:52", "text": "instead of upside. And that's the"}, {"start": "00:05:50", "end": "00:05:55", "text": "pattern, not the exception. Back in"}, {"start": "00:05:52", "end": "00:05:57", "text": "December, Bitwise's Matt Hogan predicted"}, {"start": "00:05:55", "end": "00:06:00", "text": "what he called an ETF pulooa in"}, {"start": "00:05:57", "end": "00:06:02", "text": "cryptoland, forecasting over 100 new"}, {"start": "00:06:00", "end": "00:06:06", "text": "crypto ETFs and ETPs rolling out this"}, {"start": "00:06:02", "end": "00:06:09", "text": "year. Bloomberg's own James Sciheart"}, {"start": "00:06:06", "end": "00:06:11", "text": "described issuers as throwing a lot of"}, {"start": "00:06:09", "end": "00:06:14", "text": "product at the wall. So, how did the"}, {"start": "00:06:11", "end": "00:06:16", "text": "floodgates open so fast? That brings us"}, {"start": "00:06:14", "end": "00:06:18", "text": "to the deeper layer, the boring"}, {"start": "00:06:16", "end": "00:06:21", "text": "regulatory switch that made all of this"}, {"start": "00:06:18", "end": "00:06:24", "text": "trivial. In September 2025, the SEC"}, {"start": "00:06:21", "end": "00:06:27", "text": "approved generic listing standards for"}, {"start": "00:06:24", "end": "00:06:29", "text": "crypto ETPS across the major exchanges."}, {"start": "00:06:27", "end": "00:06:32", "text": "Before this, every new crypto fund"}, {"start": "00:06:29", "end": "00:06:34", "text": "needed its own bespoke rule change"}, {"start": "00:06:32", "end": "00:06:38", "text": "filing. a gauntlet that could take up to"}, {"start": "00:06:34", "end": "00:06:42", "text": "240 days. After it, qualifying products"}, {"start": "00:06:38", "end": "00:06:44", "text": "just slot into a roughly 75day review."}, {"start": "00:06:42", "end": "00:06:46", "text": "That single rule change turned the"}, {"start": "00:06:44", "end": "00:06:49", "text": "approval process from a one-off battle"}, {"start": "00:06:46", "end": "00:06:51", "text": "into a conveyor belt. Franklin's"}, {"start": "00:06:49", "end": "00:06:54", "text": "September 1st target date is driven"}, {"start": "00:06:51", "end": "00:06:56", "text": "entirely by the 75-day clock ticking."}, {"start": "00:06:54", "end": "00:06:58", "text": "The establishment has moved beyond"}, {"start": "00:06:56", "end": "00:07:01", "text": "simply blessing Bitcoin. They've"}, {"start": "00:06:58", "end": "00:07:04", "text": "segmented it like a product line. growth"}, {"start": "00:07:01", "end": "00:07:06", "text": "investors, income investors, dividend"}, {"start": "00:07:04", "end": "00:07:08", "text": "investors, the cautious boomer who will"}, {"start": "00:07:06", "end": "00:07:11", "text": "never in his life open up a Coinbase"}, {"start": "00:07:08", "end": "00:07:14", "text": "account. Each now has a tailored rapper"}, {"start": "00:07:11", "end": "00:07:16", "text": "aimed straight at his portfolio. And"}, {"start": "00:07:14", "end": "00:07:18", "text": "this is where the contrarian story"}, {"start": "00:07:16", "end": "00:07:20", "text": "actually gets interesting because every"}, {"start": "00:07:18", "end": "00:07:23", "text": "one of these products is being built"}, {"start": "00:07:20", "end": "00:07:25", "text": "while Bitcoin bleeds out. Think about"}, {"start": "00:07:23", "end": "00:07:27", "text": "the asymmetry for a second. Retail is"}, {"start": "00:07:25", "end": "00:07:30", "text": "selling the panic. The average Black"}, {"start": "00:07:27", "end": "00:07:33", "text": "Rockck IBIT investor is now sitting on a"}, {"start": "00:07:30", "end": "00:07:34", "text": "roughly 40% loss, which ETF stores Nate"}, {"start": "00:07:33", "end": "00:07:37", "text": "Garasi called a quote brutal"}, {"start": "00:07:34", "end": "00:07:39", "text": "introduction to Bitcoin. The Coinbase"}, {"start": "00:07:37", "end": "00:07:41", "text": "premium index has been negative for 46"}, {"start": "00:07:39", "end": "00:07:43", "text": "straight days, the longest streak on"}, {"start": "00:07:41", "end": "00:07:46", "text": "record, a genuine warning of"}, {"start": "00:07:43", "end": "00:07:48", "text": "institutional buyers staying home. And"}, {"start": "00:07:46", "end": "00:07:51", "text": "yet, into that exact fear, the biggest"}, {"start": "00:07:48", "end": "00:07:53", "text": "names in finance are laying the pipe for"}, {"start": "00:07:51", "end": "00:07:56", "text": "automated buying that runs for the next"}, {"start": "00:07:53", "end": "00:07:59", "text": "decade. Here's the structural insight"}, {"start": "00:07:56", "end": "00:08:02", "text": "that matters. Drip style products create"}, {"start": "00:07:59", "end": "00:08:05", "text": "price insensitive recurring demand."}, {"start": "00:08:02", "end": "00:08:08", "text": "Vetifi's Ryan Scholer described the"}, {"start": "00:08:05", "end": "00:08:10", "text": "Franklin structure as a programmatic"}, {"start": "00:08:08", "end": "00:08:12", "text": "dollar cost averaging tool. The"}, {"start": "00:08:10", "end": "00:08:14", "text": "dividends get paid on a fixed calendar."}, {"start": "00:08:12", "end": "00:08:17", "text": "Regardless of the headlines, regardless"}, {"start": "00:08:14", "end": "00:08:20", "text": "of the fear and greed index, regardless"}, {"start": "00:08:17", "end": "00:08:23", "text": "of whether a BTC is at 124,000 or"}, {"start": "00:08:20", "end": "00:08:27", "text": "59,000, that broad funds underlying"}, {"start": "00:08:23", "end": "00:08:29", "text": "index yields around 1.05% a year, which"}, {"start": "00:08:27", "end": "00:08:32", "text": "means it mechanically converts roughly"}, {"start": "00:08:29", "end": "00:08:34", "text": "1% of assets into Bitcoin annually on"}, {"start": "00:08:32", "end": "00:08:37", "text": "autopilot. Compare that to what's"}, {"start": "00:08:34", "end": "00:08:40", "text": "exiting right now. Dutch banks Marion"}, {"start": "00:08:37", "end": "00:08:43", "text": "Labore points out that Bitcoin's price"}, {"start": "00:08:40", "end": "00:08:45", "text": "is increasingly set by fund flows and"}, {"start": "00:08:43", "end": "00:08:49", "text": "the current outflows prove ETFs are"}, {"start": "00:08:45", "end": "00:08:51", "text": "being used as high betted risk on tools"}, {"start": "00:08:49", "end": "00:08:54", "text": "dumped the second macro gets scary."}, {"start": "00:08:51", "end": "00:08:56", "text": "That's a discretionary reactive buyer. A"}, {"start": "00:08:54", "end": "00:08:59", "text": "drip buyer is the opposite. It cannot be"}, {"start": "00:08:56", "end": "00:09:01", "text": "turned off by a frightened investor"}, {"start": "00:08:59", "end": "00:09:04", "text": "because the buying is baked into the"}, {"start": "00:09:01", "end": "00:09:08", "text": "fund's mandate and now scale it. Total"}, {"start": "00:09:04", "end": "00:09:11", "text": "US retirement assets sit at around $47.6"}, {"start": "00:09:08", "end": "00:09:15", "text": "trillion as of the most recent data."}, {"start": "00:09:11", "end": "00:09:18", "text": "Roughly $7.5 trillion of that is in"}, {"start": "00:09:15", "end": "00:09:21", "text": "equity focused IRA and 401ks. Exactly"}, {"start": "00:09:18", "end": "00:09:23", "text": "the dividend paying pools these products"}, {"start": "00:09:21", "end": "00:09:27", "text": "are designed to plug into. Black Rockck"}, {"start": "00:09:23", "end": "00:09:30", "text": "itself has floated a quote modest 1% to"}, {"start": "00:09:27", "end": "00:09:33", "text": "2% Bitcoin allocation as a portfolio"}, {"start": "00:09:30", "end": "00:09:37", "text": "diversifier. Even 1% of the total"}, {"start": "00:09:33", "end": "00:09:40", "text": "retirement pile is roughly $476 billion."}, {"start": "00:09:37", "end": "00:09:44", "text": "A demand channel that dwarfs the entire"}, {"start": "00:09:40", "end": "00:09:47", "text": "current ETF market. A 5% sleeve gets you"}, {"start": "00:09:44", "end": "00:09:49", "text": "to around 2.4 trillion. That is a buyer"}, {"start": "00:09:47", "end": "00:09:51", "text": "that simply did not exist a year ago."}, {"start": "00:09:49", "end": "00:09:53", "text": "But it would be dishonest of me to leave"}, {"start": "00:09:51", "end": "00:09:56", "text": "it there because the skeptics have a"}, {"start": "00:09:53", "end": "00:09:58", "text": "case that's just as big. So let me give"}, {"start": "00:09:56", "end": "00:10:02", "text": "you the honest counterweight. First, the"}, {"start": "00:09:58", "end": "00:10:04", "text": "fees on fees. A Franklin Drip investor"}, {"start": "00:10:02", "end": "00:10:06", "text": "pays the funds management fee, then pays"}, {"start": "00:10:04", "end": "00:10:08", "text": "the cost of whatever Bitcoin instrument"}, {"start": "00:10:06", "end": "00:10:11", "text": "it buys underneath, then eats the"}, {"start": "00:10:08", "end": "00:10:14", "text": "trading and options overhead stacked on"}, {"start": "00:10:11", "end": "00:10:17", "text": "top. For context, Franklin's own spot"}, {"start": "00:10:14", "end": "00:10:20", "text": "BTC fund charges 0.19%."}, {"start": "00:10:17", "end": "00:10:22", "text": "And a plain S&P 500 index runs around"}, {"start": "00:10:20", "end": "00:10:25", "text": "0.03%."}, {"start": "00:10:22", "end": "00:10:27", "text": "Stack three layers of cost on a 30-year"}, {"start": "00:10:25", "end": "00:10:30", "text": "retirement horizon and that drag"}, {"start": "00:10:27", "end": "00:10:33", "text": "compounds into a serious hole. Second,"}, {"start": "00:10:30", "end": "00:10:36", "text": "the valuation problem. Classic DRIP has"}, {"start": "00:10:33", "end": "00:10:39", "text": "a built-in stabilizer. When a stock"}, {"start": "00:10:36", "end": "00:10:42", "text": "falls, your dividend buys more shares"}, {"start": "00:10:39", "end": "00:10:44", "text": "cheaply. But this mechanism buys Bitcoin"}, {"start": "00:10:42", "end": "00:10:47", "text": "not because BTC got cheaper. It buys"}, {"start": "00:10:44", "end": "00:10:49", "text": "because some unrelated US company paid a"}, {"start": "00:10:47", "end": "00:10:52", "text": "dividend. It has no valuation filter"}, {"start": "00:10:49", "end": "00:10:54", "text": "whatsoever. At today's price, that looks"}, {"start": "00:10:52", "end": "00:10:58", "text": "disciplined. But the identical machine"}, {"start": "00:10:54", "end": "00:11:02", "text": "would have been buying at the $124,720"}, {"start": "00:10:58", "end": "00:11:04", "text": "top with exactly the same enthusiasm. Is"}, {"start": "00:11:02", "end": "00:11:07", "text": "that accumulation or just mechanical"}, {"start": "00:11:04", "end": "00:11:09", "text": "buying at any price? Third, the froth"}, {"start": "00:11:07", "end": "00:11:12", "text": "signal. Historically, a flood of new"}, {"start": "00:11:09", "end": "00:11:15", "text": "crypto products marks the top, not the"}, {"start": "00:11:12", "end": "00:11:18", "text": "bottom. ProShares Beto Futures ETF"}, {"start": "00:11:15", "end": "00:11:20", "text": "launched on October 19th, 2021, roughly"}, {"start": "00:11:18", "end": "00:11:24", "text": "3 weeks before that cycle's peak of"}, {"start": "00:11:20", "end": "00:11:26", "text": "around $69,000 on November 10th. A wave"}, {"start": "00:11:24", "end": "00:11:29", "text": "of 100 plus filings can look an awful"}, {"start": "00:11:26", "end": "00:11:32", "text": "lot like Wall Street productizing a hot"}, {"start": "00:11:29", "end": "00:11:33", "text": "asset right before it cools. But here's"}, {"start": "00:11:32", "end": "00:11:35", "text": "the counter counter, and it's a strong"}, {"start": "00:11:33", "end": "00:11:39", "text": "one. These products are launching with"}, {"start": "00:11:35", "end": "00:11:42", "text": "BTC down 52% from its high, not pressed"}, {"start": "00:11:39", "end": "00:11:44", "text": "against it. Bloomberg's Eric Balchunis"}, {"start": "00:11:42", "end": "00:11:46", "text": "argues most current ETF holders have"}, {"start": "00:11:44", "end": "00:11:47", "text": "ridden the draw down and that the"}, {"start": "00:11:46", "end": "00:11:50", "text": "outflows are largely portfolio"}, {"start": "00:11:47", "end": "00:11:52", "text": "rebalancing, not a loss of faith."}, {"start": "00:11:50", "end": "00:11:55", "text": "Michael Sailor framed the redemptions as"}, {"start": "00:11:52", "end": "00:11:58", "text": "quote capital rotation, not a Bitcoin"}, {"start": "00:11:55", "end": "00:12:00", "text": "impairment. So, the honest read is that"}, {"start": "00:11:58", "end": "00:12:03", "text": "these are accumulation vehicles being"}, {"start": "00:12:00", "end": "00:12:05", "text": "switched on during a bare market, which"}, {"start": "00:12:03", "end": "00:12:08", "text": "is the exact opposite of the 2021 frenzy"}, {"start": "00:12:05", "end": "00:12:11", "text": "at the peak. And that tension is where"}, {"start": "00:12:08", "end": "00:12:13", "text": "the real story lives because two things"}, {"start": "00:12:11", "end": "00:12:15", "text": "are true at the same time and both are"}, {"start": "00:12:13", "end": "00:12:17", "text": "reading from the same data. On one side,"}, {"start": "00:12:15", "end": "00:12:20", "text": "the marginal buyer of Bitcoin is"}, {"start": "00:12:17", "end": "00:12:23", "text": "changing shape entirely. The reactive"}, {"start": "00:12:20", "end": "00:12:25", "text": "hot money ETF crowd fleeing right now is"}, {"start": "00:12:23", "end": "00:12:28", "text": "slowly being replaced by structural,"}, {"start": "00:12:25", "end": "00:12:30", "text": "automated, price insensitive flows wired"}, {"start": "00:12:28", "end": "00:12:33", "text": "directly into the deepest capital on"}, {"start": "00:12:30", "end": "00:12:35", "text": "Earth. Wall Street has stopped simply"}, {"start": "00:12:33", "end": "00:12:37", "text": "buying Bitcoin and started repackaging"}, {"start": "00:12:35", "end": "00:12:40", "text": "it. It's been turned from a speculative"}, {"start": "00:12:37", "end": "00:12:42", "text": "bet into a financial ingredient, sliced"}, {"start": "00:12:40", "end": "00:12:45", "text": "into income, growth, and dividend"}, {"start": "00:12:42", "end": "00:12:48", "text": "flavors and sold to every investor"}, {"start": "00:12:45", "end": "00:12:51", "text": "archetype alive. On the other side, this"}, {"start": "00:12:48", "end": "00:12:54", "text": "same machinery is a fee engine launched"}, {"start": "00:12:51", "end": "00:12:57", "text": "in a 75day land grab while the SEC"}, {"start": "00:12:54", "end": "00:13:00", "text": "window is wide open. The fund of funds"}, {"start": "00:12:57", "end": "00:13:02", "text": "structure, the layered costs, the"}, {"start": "00:13:00", "end": "00:13:05", "text": "valuation blind buying, none of that"}, {"start": "00:13:02", "end": "00:13:08", "text": "vanishes just because the timing looks"}, {"start": "00:13:05", "end": "00:13:10", "text": "smart. Franklin CEO Jenny Johnson has"}, {"start": "00:13:08", "end": "00:13:13", "text": "argued that traditional finance resists"}, {"start": "00:13:10", "end": "00:13:16", "text": "open blockchains because they quote"}, {"start": "00:13:13", "end": "00:13:18", "text": "threaten feebased transaction models,"}, {"start": "00:13:16", "end": "00:13:21", "text": "which is a touch ironic coming from a"}, {"start": "00:13:18", "end": "00:13:23", "text": "firm building its own fee layer on top"}, {"start": "00:13:21", "end": "00:13:26", "text": "of Bitcoin. So this is genuinely a"}, {"start": "00:13:23", "end": "00:13:28", "text": "knife's edge. The distribution is"}, {"start": "00:13:26", "end": "00:13:30", "text": "widening into trillions of dollars of"}, {"start": "00:13:28", "end": "00:13:32", "text": "retirement money. And the question is"}, {"start": "00:13:30", "end": "00:13:37", "text": "simply whether that pipe carries real"}, {"start": "00:13:32", "end": "00:13:39", "text": "adoption or just extraction. So for you,"}, {"start": "00:13:37", "end": "00:13:42", "text": "here's the scoreboard to actually watch"}, {"start": "00:13:39", "end": "00:13:45", "text": "from here. First, watch the AUM. These"}, {"start": "00:13:42", "end": "00:13:47", "text": "drip and income products mean nothing"}, {"start": "00:13:45", "end": "00:13:49", "text": "until they actually gather assets post"}, {"start": "00:13:47", "end": "00:13:52", "text": "launch from September onward. That"}, {"start": "00:13:49", "end": "00:13:55", "text": "number, not the filing, is the real test"}, {"start": "00:13:52", "end": "00:13:58", "text": "of whether Bitcoin for every investor"}, {"start": "00:13:55", "end": "00:14:01", "text": "actually works. Second, watch the ETF"}, {"start": "00:13:58", "end": "00:14:03", "text": "flows stabilizing. That 7we outflow"}, {"start": "00:14:01", "end": "00:14:05", "text": "streak ending would tell you the"}, {"start": "00:14:03", "end": "00:14:08", "text": "discretionary selling wave has finally"}, {"start": "00:14:05", "end": "00:14:10", "text": "exhausted itself. Third, watch the"}, {"start": "00:14:08", "end": "00:14:13", "text": "Coinbase premium index. That record"}, {"start": "00:14:10", "end": "00:14:16", "text": "46-day negative streak flipping positive"}, {"start": "00:14:13", "end": "00:14:19", "text": "is your tell that US institutions are"}, {"start": "00:14:16", "end": "00:14:21", "text": "stepping back off the sidelines. Fourth,"}, {"start": "00:14:19", "end": "00:14:24", "text": "watch the macro lever. With the Fed"}, {"start": "00:14:21", "end": "00:14:27", "text": "funds rate at 3.63%,"}, {"start": "00:14:24", "end": "00:14:31", "text": "the 10-year at 4.38%,"}, {"start": "00:14:27", "end": "00:14:34", "text": "and PCE inflation running at 4.1%,"}, {"start": "00:14:31", "end": "00:14:38", "text": "capital has a real risk-free reason to"}, {"start": "00:14:34", "end": "00:14:40", "text": "sit in bonds instead of BTC. Any genuine"}, {"start": "00:14:38", "end": "00:14:42", "text": "signal of rate cuts changes that"}, {"start": "00:14:40", "end": "00:14:45", "text": "competition overnight. And fifth, watch"}, {"start": "00:14:42", "end": "00:14:47", "text": "whether the rest of the product line"}, {"start": "00:14:45", "end": "00:14:50", "text": "actually fills out the way Bitwise"}, {"start": "00:14:47", "end": "00:14:52", "text": "predicted because 100 rappers landing"}, {"start": "00:14:50", "end": "00:14:55", "text": "into a bare market is either the deepest"}, {"start": "00:14:52", "end": "00:14:58", "text": "accumulation setup of the cycle or the"}, {"start": "00:14:55", "end": "00:15:00", "text": "loudest top signal that we've ever seen."}, {"start": "00:14:58", "end": "00:15:02", "text": "Keep a close eye on that list because it"}, {"start": "00:15:00", "end": "00:15:05", "text": "tells you in real time which story is"}, {"start": "00:15:02", "end": "00:15:07", "text": "winning. So, here's the binary I want to"}, {"start": "00:15:05", "end": "00:15:09", "text": "leave you with. Are Franklin and Black"}, {"start": "00:15:07", "end": "00:15:11", "text": "Rockck building the genuine"}, {"start": "00:15:09", "end": "00:15:14", "text": "institutionalization that defines"}, {"start": "00:15:11", "end": "00:15:17", "text": "Bitcoin's next decade? Dividends from"}, {"start": "00:15:14", "end": "00:15:19", "text": "boring blue chip stocks compounding BTC"}, {"start": "00:15:17", "end": "00:15:22", "text": "on autopilot while everyone else stares"}, {"start": "00:15:19", "end": "00:15:25", "text": "at the fear index. If so, this bare"}, {"start": "00:15:22", "end": "00:15:29", "text": "market product wave is the deepest, most"}, {"start": "00:15:25", "end": "00:15:31", "text": "structural bid Bitcoin has ever had. Or"}, {"start": "00:15:29", "end": "00:15:34", "text": "is this Wall Street doing exactly what"}, {"start": "00:15:31", "end": "00:15:37", "text": "Wall Street always does? Manufacturing a"}, {"start": "00:15:34", "end": "00:15:39", "text": "rapper for every wallet to extract fees"}, {"start": "00:15:37", "end": "00:15:41", "text": "from the latest hot assets with the"}, {"start": "00:15:39", "end": "00:15:44", "text": "little guy paying three layers of costs"}, {"start": "00:15:41", "end": "00:15:46", "text": "for the privilege. Adoption"}, {"start": "00:15:44", "end": "00:15:49", "text": "infrastructure or a fee factory in a"}, {"start": "00:15:46", "end": "00:15:52", "text": "nice suit because right now both stories"}, {"start": "00:15:49", "end": "00:15:53", "text": "are reading from the same exact filing."}, {"start": "00:15:52", "end": "00:15:55", "text": "Get genuinely opinionated in the"}, {"start": "00:15:53", "end": "00:15:58", "text": "comments down below and tell me which"}, {"start": "00:15:55", "end": "00:16:00", "text": "side that you land on. Does the drip"}, {"start": "00:15:58", "end": "00:16:03", "text": "machine become the buyer of the next"}, {"start": "00:16:00", "end": "00:16:05", "text": "decade or does the AUM never show up"}, {"start": "00:16:03", "end": "00:16:07", "text": "after September? And if you want to"}, {"start": "00:16:05", "end": "00:16:10", "text": "understand exactly how the covered call"}, {"start": "00:16:07", "end": "00:16:13", "text": "income rappers like Beta actually rent"}, {"start": "00:16:10", "end": "00:16:14", "text": "away your Bitcoin upside, then"}, {"start": "00:16:13", "end": "00:16:17", "text": "definitely check out our full breakdown"}, {"start": "00:16:14", "end": "00:16:19", "text": "right over here. Thank you all so much"}, {"start": "00:16:17", "end": "00:16:23", "text": "for watching and I'll see you again very"}, {"start": "00:16:19", "end": "00:16:23", "text": "soon. This is Louis signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "A decade ago, Ethereum wasn't one person. It�\nwas eight. Eight co-founders crammed into a��"}, {"start": "00:00:05", "end": "00:00:09", "text": "small house building the thing that would eat�\nthe entire smart contract world. But most of��"}, {"start": "00:00:09", "end": "00:00:14", "text": "them walked away. Charles Hoskinson walked and�\nbuilt Kadano. Gavin Woodwalked and built Polulca��"}, {"start": "00:00:14", "end": "00:00:20", "text": "Dot. Each one of them was dead certain that�\nEthereum was broken. Too slow, too centralized,��"}, {"start": "00:00:20", "end": "00:00:25", "text": "too compromised by the people running it. And each�\none of them was absolutely certain they could do��"}, {"start": "00:00:25", "end": "00:00:31", "text": "it better. So here's the scoreboard. 10 years�\non, Ethereum is worth more than 30 times Kadano��"}, {"start": "00:00:31", "end": "00:00:37", "text": "and Polca dot combined. On paper, that looks�\nlike a clear wipe out. But would any of them��"}, {"start": "00:00:37", "end": "00:00:42", "text": "have been better off if they just stayed? This�\nis actually a referendum on the entire I'll go��"}, {"start": "00:00:42", "end": "00:00:47", "text": "and build my own chain thesis that defined the�\nlast cycle. And the answer is much, much more��"}, {"start": "00:00:47", "end": "00:00:54", "text": "surprising than you'd think. I'm DC and you're�\nwatching the Coin Bureau. As I record this video,��"}, {"start": "00:00:54", "end": "00:00:59", "text": "Bitcoin is sitting at around $59,000, well off�\nits highs, and the whole sector is buried in��"}, {"start": "00:00:59", "end": "00:01:06", "text": "extreme fear. Ethereum itself is down roughly�\n36% on the year at about $1,570. And right now,��"}, {"start": "00:01:06", "end": "00:01:14", "text": "in June 2026, the Ethereum Foundation is cutting�\n20% of its staff and slashing 40% of its budget.��"}, {"start": "00:01:14", "end": "00:01:19", "text": "Nine senior figures, including both co-executive�\ndirectors, have left since January. The question��"}, {"start": "00:01:19", "end": "00:01:25", "text": "of whether leaving Ethereum was smart is playing�\nout live right now inside Ethereum itself,��"}, {"start": "00:01:25", "end": "00:01:31", "text": "which brings us straight back to 2014. Let's go to�\nZuk, Switzerland. On the 7th of June, the founding��"}, {"start": "00:01:31", "end": "00:01:37", "text": "team is in a room and it's about to become what�\nHoskinson himself later called a boardroom brawl.��"}, {"start": "00:01:37", "end": "00:01:42", "text": "The fault line was simple. Hoskinson, who was�\nacting as CEO, wanted Ethereum to become a proper��"}, {"start": "00:01:42", "end": "00:01:47", "text": "company. VC funding, professional management,�\ncommercial operations, the whole Silicon Valley��"}, {"start": "00:01:47", "end": "00:01:53", "text": "playbook. Vitalik Bhuterin wanted the opposite,�\na nonprofit foundation, neutral, open- source,��"}, {"start": "00:01:53", "end": "00:01:58", "text": "a public utility nobody actually owned. Vitilik�\nlater said the pressure to go corporate made��"}, {"start": "00:01:58", "end": "00:02:04", "text": "him feel, and I'm quoting, a little dirty. The�\nremaining co-founders voted for Vitilik's vision,��"}, {"start": "00:02:04", "end": "00:02:09", "text": "and Hoskinson was out. Charles had so little faith�\nin Ethereum success that he even donated all of��"}, {"start": "00:02:09", "end": "00:02:16", "text": "his ETH to his secretary. and we're talking about�\n293,000 Ethereum. Of course, he went on and built��"}, {"start": "00:02:16", "end": "00:02:21", "text": "Kadano around the exact opposite philosophy.�\nPeer-reviewed academic research, formal��"}, {"start": "00:02:21", "end": "00:02:26", "text": "verification, mathematical proofs that the code�\ndoes what it claims. He since called Ethereum's��"}, {"start": "00:02:26", "end": "00:02:32", "text": "governance a dictatorship, and has predicted�\nEthereum might not exist in 10 to 15 years. Now,��"}, {"start": "00:02:32", "end": "00:02:37", "text": "Kevin Wood's exit was different. Wood wasn't a�\nmoney guy. He was arguably the most technically��"}, {"start": "00:02:37", "end": "00:02:42", "text": "essential person in the room after Vitilik�\nhimself. He wrote the Ethereum yellow paper,��"}, {"start": "00:02:42", "end": "00:02:47", "text": "the former spec that turned Vitilik's white paper�\ninto a working machine. He invented Solidity,��"}, {"start": "00:02:47", "end": "00:02:52", "text": "the language that still dominates smart�\ncontract development to this day. And he��"}, {"start": "00:02:52", "end": "00:02:58", "text": "literally coined the term web 3. He left around�\n2016 because he thought Ethereum's architecture��"}, {"start": "00:02:58", "end": "00:03:03", "text": "was a dead end. He described early Ethereum�\nas, and I quote, more like a technology demo,��"}, {"start": "00:03:03", "end": "00:03:09", "text": "not a system capable of supporting millions of�\nusers. And so instead of patching it with layer 2,��"}, {"start": "00:03:09", "end": "00:03:14", "text": "he simply decided to rebuild the whole thing as�\nspecialized chains sharing security, which became��"}, {"start": "00:03:14", "end": "00:03:20", "text": "Polka Dot. So this was the technical core of�\nEthereum walking out of the front door. Each one��"}, {"start": "00:03:20", "end": "00:03:25", "text": "betting they could build something better than the�\nthing they helped invent. The obvious question is,��"}, {"start": "00:03:25", "end": "00:03:31", "text": "did their bet pay off? So, let's run the numbers�\nbecause they are savage. As of today, Ethereum's��"}, {"start": "00:03:31", "end": "00:03:40", "text": "market cap sits at 198.83 billion. Kadano is at�\n$5 billion. Polka dot is at $1.41 billion. So,��"}, {"start": "00:03:40", "end": "00:03:47", "text": "Ethereum is roughly 37 times bigger than Kadano�\nand a staggering 134 times bigger than Polka Dot.��"}, {"start": "00:03:47", "end": "00:03:53", "text": "But market cap is a snapshot. So, let's look at�\nthe damage from the peaks. Ethereum is down about��"}, {"start": "00:03:53", "end": "00:03:59", "text": "67% from its all-time high. Now, that hurts�\nobviously, but Cardano is down nearly 94% and��"}, {"start": "00:03:59", "end": "00:04:06", "text": "Polka Dot is down 98.4%. Put simply, if you bought�\neither breakaway near the top, you've lost almost��"}, {"start": "00:04:06", "end": "00:04:12", "text": "everything in dollar terms. Now, some might argue,�\nDC, look at the returns from the launch. Okay,��"}, {"start": "00:04:12", "end": "00:04:19", "text": "fair enough. Let's do that as well. Ethereum's�\nICO sold ETH at around 30 cents back in 2014��"}, {"start": "00:04:19", "end": "00:04:24", "text": "with the network itself launching in 2015.�\nAt today's price, even in a bare market,��"}, {"start": "00:04:24", "end": "00:04:32", "text": "that's roughly a 5,000x return. Cardano's ICO was�\naround 2 cents in 2017. So, from launch, ADA is up��"}, {"start": "00:04:32", "end": "00:04:38", "text": "maybe 7x. Not nothing, but hollow when it's been�\ngrinding near these levels for ages. And Polka��"}, {"start": "00:04:38", "end": "00:04:47", "text": "Dot launched around $2.90 after its redomination�\nin 2020. It's now at 85. So, holders who bought��"}, {"start": "00:04:47", "end": "00:04:53", "text": "at launch are actually underwater in dollar terms.�\nThe chain Gavin Wood built to fix Ethereum's flaws��"}, {"start": "00:04:53", "end": "00:04:58", "text": "has on price been the single worst performer�\nof the three. But price is just the surface.��"}, {"start": "00:04:58", "end": "00:05:04", "text": "So let's go a layer deeper to where the value�\nactually occurs. Developers and DeFi. Ethereum has��"}, {"start": "00:05:04", "end": "00:05:13", "text": "around 3,621 full-time developers, nearly 11,713�\nin total. Polka dot has somewhere between 450��"}, {"start": "00:05:13", "end": "00:05:20", "text": "and 500 monthly active devs. Kadano sits around�\n276 full-time. And the EVM ecosystem as a whole,��"}, {"start": "00:05:20", "end": "00:05:26", "text": "Ethereum plus its layer 2s plus every compatible�\nchain completely dwarfs everyone with Solidity��"}, {"start": "00:05:26", "end": "00:05:32", "text": "making up around 70% of all smart contract�\nactivity. But the TVL gap, that's the single��"}, {"start": "00:05:32", "end": "00:05:37", "text": "most damning number in this entire video. Total�\nvalue locked is just the money sitting inside the��"}, {"start": "00:05:37", "end": "00:05:45", "text": "chain's DeFi apps. Ethereum has tens of billions�\nlocked in. Kadano has roughly 85 to $142 million.��"}, {"start": "00:05:45", "end": "00:05:52", "text": "Polka dot has around $81 million. So Ethereum's�\nDeFi economy is hundreds of times larger than both��"}, {"start": "00:05:52", "end": "00:05:57", "text": "breakaway chains combined. And it gets worse�\nfor Polka Dot specifically. Key projects have��"}, {"start": "00:05:57", "end": "00:06:03", "text": "abandoned ship entirely. Centrifuge migrated to�\nEthereum. Manta shut down its parach chain. The��"}, {"start": "00:06:03", "end": "00:06:08", "text": "ATA project pivoted to becoming a Ethereum layer�\ntool. So in other words, builders inside Gavin��"}, {"start": "00:06:08", "end": "00:06:13", "text": "Wood's own ecosystem looked at the scoreboard�\nand walked back to what the thing he left. Now,��"}, {"start": "00:06:13", "end": "00:06:17", "text": "before we go deeper, just a quick word. Keeping up�\nwith all of this, the founder drama, the onchain��"}, {"start": "00:06:17", "end": "00:06:23", "text": "data, the macro, it's genuinely a full-time job.�\nSo, if you don't fancy spending 16 hours a day��"}, {"start": "00:06:23", "end": "00:06:28", "text": "glued to your screen, we've made it a lot easier.�\nJust join our free Coin Bureau Telegram channel��"}, {"start": "00:06:28", "end": "00:06:32", "text": "where we share what actually matters to save your�\ntime. The link is down in the description. It's��"}, {"start": "00:06:32", "end": "00:06:37", "text": "completely free and I genuinely love to see you�\nin there. Right, back to it. Because here's where��"}, {"start": "00:06:37", "end": "00:06:42", "text": "the story stops being our three men and becomes�\nsomething much much bigger and frankly darker.��"}, {"start": "00:06:42", "end": "00:06:48", "text": "Those early founder departures actually kicked off�\na decadel long pattern. Think about what Hoskinson��"}, {"start": "00:06:48", "end": "00:06:53", "text": "and Wood actually started. They established the�\ntemplate. Ethereum is broken. Our consensus is��"}, {"start": "00:06:53", "end": "00:06:58", "text": "better. Our token will capture the value our�\nchain creates. And then everybody ran it. Wave��"}, {"start": "00:06:58", "end": "00:07:04", "text": "after wave of brilliant developers took VC money,�\nlaunched a token, bootstrapped a validator set,��"}, {"start": "00:07:04", "end": "00:07:10", "text": "and went hunting for the exact same pool of�\nsmart contract talent. EOS, Tron, TZO, Solana,��"}, {"start": "00:07:10", "end": "00:07:15", "text": "Avalanche, Sooie, all of it. And here's the part�\nthat matters. It was for the ecosystem as a whole��"}, {"start": "00:07:15", "end": "00:07:22", "text": "a colossal misallocation of the smartest people in�\ncrypto. Coin Gekcko reckons over 53% of all tokens��"}, {"start": "00:07:22", "end": "00:07:29", "text": "ever listed are now dead. With 11.6 6 million�\nfailed projects in 2025 alone, making up for 86%��"}, {"start": "00:07:29", "end": "00:07:36", "text": "of all failures since 2021. That's the actual body�\ncount of the build your own chain era. And to make��"}, {"start": "00:07:36", "end": "00:07:40", "text": "matters worse, now this talent is leaving crypto�\naltogether rather than just hopping to another��"}, {"start": "00:07:40", "end": "00:07:46", "text": "chain. The numbers here are pretty alarming.�\nWeekly crypto code comets have collapsed roughly��"}, {"start": "00:07:46", "end": "00:07:54", "text": "75% since early 2025 from around 850,000 to�\nabout 210,000. Active developers across the whole��"}, {"start": "00:07:54", "end": "00:08:04", "text": "industry fell 56% down to roughly 4,600 people.�\nAnd where did they go? Of course, to AI. In 2025,��"}, {"start": "00:08:04", "end": "00:08:12", "text": "AI captured around $211 billion in funding versus�\ncrypto's 19.7 billion. That's better than a 10:1��"}, {"start": "00:08:12", "end": "00:08:18", "text": "ratio. GitHub added 36 million developers last�\nyear as Crypto's comets cratered, and the bleed��"}, {"start": "00:08:18", "end": "00:08:23", "text": "has now reached the very top. Remember those�\nEthereum Foundation cuts I mentioned? That's the��"}, {"start": "00:08:23", "end": "00:08:28", "text": "exact same dynamic hitting the chain that won.�\nFormer EF researcher Dankard Feice blamed the��"}, {"start": "00:08:28", "end": "00:08:33", "text": "Exodus on management failures. Another former�\ncontributor warned of a slow burning funding��"}, {"start": "00:08:33", "end": "00:08:40", "text": "crisis, noting it costs around $30 million a year�\njust to maintain Ethereum's core client teams. The��"}, {"start": "00:08:40", "end": "00:08:45", "text": "real villain here is the fragmentation thesis�\nitself. the idea that the answer to a problem��"}, {"start": "00:08:45", "end": "00:08:50", "text": "is always a brand new chain when the structure of�\ncrypto incentives made founding one the default��"}, {"start": "00:08:50", "end": "00:08:56", "text": "move even when it was the wrong one. But, and�\nthis is a big butt, there's a really strong case��"}, {"start": "00:08:56", "end": "00:09:01", "text": "that leaving was the right call. Anyway, this�\nis where it gets truly interesting. First, and��"}, {"start": "00:09:01", "end": "00:09:07", "text": "most importantly, competition forced Ethereum to�\nget better. The merge Ethereum switch to proof of��"}, {"start": "00:09:07", "end": "00:09:14", "text": "stake had been theorized since 2014 and endlessly�\ndelayed. So, what lit the fire? External pressure��"}, {"start": "00:09:14", "end": "00:09:19", "text": "from energy efficient chains, including Cardano,�\nwhich actually shipped proof of stake first. The��"}, {"start": "00:09:19", "end": "00:09:27", "text": "merge cut Ethereum's energy use by about 99.95%�\nand wiped out its single biggest adoption barrier.��"}, {"start": "00:09:27", "end": "00:09:33", "text": "Then there's the fee problem. When Solana started�\nprocessing around 1,300 transactions per second��"}, {"start": "00:09:33", "end": "00:09:41", "text": "against Ethereum's roughly 26 on mainet, Ethereum�\nhad no choice but to respond. EIP 4844 slashed��"}, {"start": "00:09:41", "end": "00:09:46", "text": "layer 2 costs in 2024, a direct answer to that�\ncompetitive heat. Without the breakaways and the��"}, {"start": "00:09:46", "end": "00:09:53", "text": "rivals they inspired, Ethereum almost certainly�\nmoved slower. Second, they built things Ethereum��"}, {"start": "00:09:53", "end": "00:09:58", "text": "couldn't or simply wouldn't. Gavin Wood pioneered�\nshared security through parach chains, letting a��"}, {"start": "00:09:58", "end": "00:10:04", "text": "new chain rent the safety of a whole validator set�\nfrom day one. He built Substrate, a toolkit used��"}, {"start": "00:10:04", "end": "00:10:08", "text": "to spin up blockchains far beyond Polka Dot's own�\necosystem. and he's now building Jam, an attempt��"}, {"start": "00:10:08", "end": "00:10:13", "text": "to turn the whole network into a decentralized�\nsupercomput. And of course, he gave the entire��"}, {"start": "00:10:13", "end": "00:10:19", "text": "industry the word web 3. That contribution only�\nhappened because he left. Hoskinson's side of the��"}, {"start": "00:10:19", "end": "00:10:24", "text": "ledger is just as real. Kadano was built on formal�\nverification, mathematical proof that the code��"}, {"start": "00:10:24", "end": "00:10:30", "text": "is correct, a genuine alternative to Ethereum's�\nmove fast and break things culture that produced��"}, {"start": "00:10:30", "end": "00:10:36", "text": "hack after hack. And while Ethereum chased DeFi�\ndeansions, Kadano went somewhere else. It deployed��"}, {"start": "00:10:36", "end": "00:10:41", "text": "a blockchain identity system to issue credentials�\nto around 5 million students in Ethiopia. Real��"}, {"start": "00:10:41", "end": "00:10:47", "text": "world finance identity financial inclusion in�\nemerging markets. Use cases Ethereum's culture��"}, {"start": "00:10:47", "end": "00:10:54", "text": "simply deprioritized for years. And third, their�\nsovereignity. Both men got complete control of��"}, {"start": "00:10:54", "end": "00:10:59", "text": "their own road maps. No foundation approval, no�\ncommittee by consensus process grinding every��"}, {"start": "00:10:59", "end": "00:11:04", "text": "decision to dust. Huskinson could fund formal�\nverification research for years because he��"}, {"start": "00:11:04", "end": "00:11:09", "text": "controlled the treasury. Wood could build whatever�\narchitecture he believed in. And here's the irony��"}, {"start": "00:11:09", "end": "00:11:15", "text": "that ties it all together. They were spoton about�\nthe problems. They were just wrong or unlucky��"}, {"start": "00:11:15", "end": "00:11:20", "text": "about whether their solutions would capture more�\nvalue than Ethereum's own evolution. Hoskinson��"}, {"start": "00:11:20", "end": "00:11:24", "text": "and Wood built genuinely novel technology that�\npushed the whole industry forward and they got��"}, {"start": "00:11:24", "end": "00:11:30", "text": "crushed on the only scoreboard that pays out.�\nThe actual lesson here is very important. Crypto��"}, {"start": "00:11:30", "end": "00:11:36", "text": "ultimately rewards network effects and liquidity�\nover technical purity. So the developer who builds��"}, {"start": "00:11:36", "end": "00:11:41", "text": "a slightly better mousetrap loses to the one who�\nbuilds where all the mice already are. Ethereum's��"}, {"start": "00:11:41", "end": "00:11:46", "text": "first mover advantage in tooling and liquidity�\nand applications compounded into a moat that��"}, {"start": "00:11:46", "end": "00:11:51", "text": "better engineering simply could not cross. And�\nthe crulest proof of all, look at what's happening��"}, {"start": "00:11:51", "end": "00:11:57", "text": "inside Ethereum right now. As the foundation cuts�\nstaff, former EF researchers have just spun out a��"}, {"start": "00:11:57", "end": "00:12:02", "text": "new independent organization called ETH Labs to�\ndo the things the foundation couldn't. That is��"}, {"start": "00:12:02", "end": "00:12:07", "text": "exactly what Hoskinson and Wood did a decade ago.�\nThe only difference is these people are staying��"}, {"start": "00:12:07", "end": "00:12:12", "text": "tied to Ethereum instead of building a rival. They�\nlearned their lesson. Don't fight the network,��"}, {"start": "00:12:12", "end": "00:12:17", "text": "build on it. So here's the question I want�\nto leave you with. Was the build your own��"}, {"start": "00:12:17", "end": "00:12:22", "text": "chain decade a heroic act of sovereignity that�\nforced Ethereum to evolve and gave us generally��"}, {"start": "00:12:22", "end": "00:12:28", "text": "new technology? Or was it the single greatest�\nmisallocation of brilliant people this industry��"}, {"start": "00:12:28", "end": "00:12:33", "text": "has ever seen? Fragmenting talent and value�\nwhile Ethereum built up the network effects��"}, {"start": "00:12:33", "end": "00:12:38", "text": "because the developers eyeing the accident in�\n2026 are facing the exact same fork in the road.��"}, {"start": "00:12:38", "end": "00:12:44", "text": "Build an experiment or build a network. Both are�\nvalid, but make no mistake, they are not the same��"}, {"start": "00:12:44", "end": "00:12:49", "text": "bet. And the last decade just showed you which�\none pays. Please get highly opinionated down in��"}, {"start": "00:12:49", "end": "00:12:53", "text": "the comments because I really want to know which�\nside you land on. And if you want to follow every��"}, {"start": "00:12:53", "end": "00:12:58", "text": "one of these moves as it happens, the founder�\ndrama, the dev numbers, the next great rotation,��"}, {"start": "00:12:58", "end": "00:13:03", "text": "then come and join our free Coinbure Telegram�\nchannel using the link down in the description.��"}, {"start": "00:13:03", "end": "00:13:09", "text": "Thank you all so much for watching and I'll see�\nyou again very soon. This is DC signing off."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "The witching hour is upon us. Donald"}, {"start": "00:00:04", "end": "00:00:08", "text": "Trump is meeting behind closed doors"}, {"start": "00:00:06", "end": "00:00:10", "text": "with some key senators"}, {"start": "00:00:08", "end": "00:00:12", "text": "talking about the concessions that"}, {"start": "00:00:10", "end": "00:00:14", "text": "Donald Trump and the president of the"}, {"start": "00:00:12", "end": "00:00:16", "text": "United States needs to make to actually"}, {"start": "00:00:14", "end": "00:00:18", "text": "move the Clarity Act forward. We have"}, {"start": "00:00:16", "end": "00:00:20", "text": "some really good signals going on for"}, {"start": "00:00:18", "end": "00:00:24", "text": "Ethereum. While Bitcoin is sitting here"}, {"start": "00:00:20", "end": "00:00:26", "text": "ranging and defending itself at $64,000,"}, {"start": "00:00:24", "end": "00:00:28", "text": "ETF flows are looking great for"}, {"start": "00:00:26", "end": "00:00:30", "text": "Ethereum, but there is a heat of caution"}, {"start": "00:00:28", "end": "00:00:31", "text": "that I have to give you from where it"}, {"start": "00:00:30", "end": "00:00:33", "text": "looks like we're at in the market right"}, {"start": "00:00:31", "end": "00:00:36", "text": "now, and we might actually be able to"}, {"start": "00:00:33", "end": "00:00:38", "text": "dive into even more detail about the DTC"}, {"start": "00:00:36", "end": "00:00:40", "text": "rollouts. Ondo is having some love in"}, {"start": "00:00:38", "end": "00:00:42", "text": "terms of price action from some recent"}, {"start": "00:00:40", "end": "00:00:46", "text": "news announcements today."}, {"start": "00:00:42", "end": "00:00:48", "text": "And I'm joined here by my compadre, Mr."}, {"start": "00:00:46", "end": "00:00:50", "text": "Kelly Kellam, joining me from Vegas. How"}, {"start": "00:00:48", "end": "00:00:52", "text": "are you doing, good sir?"}, {"start": "00:00:50", "end": "00:00:54", "text": ">> I'm feeling good, you know, it was a"}, {"start": "00:00:52", "end": "00:00:57", "text": "pretty pretty interesting to see the CPI"}, {"start": "00:00:54", "end": "00:00:59", "text": "print earlier this week. Um, but also, I"}, {"start": "00:00:57", "end": "00:01:00", "text": "mean, just the ping-ponging back and"}, {"start": "00:00:59", "end": "00:01:04", "text": "forth, I think it's surprising to see"}, {"start": "00:01:00", "end": "00:01:05", "text": "that Trump said that Iran wants a wants"}, {"start": "00:01:04", "end": "00:01:07", "text": "another deal. I don't think anybody's"}, {"start": "00:01:05", "end": "00:01:08", "text": "listening at this point because we've"}, {"start": "00:01:07", "end": "00:01:10", "text": "had so many damn ping-pongs in the"}, {"start": "00:01:08", "end": "00:01:11", "text": "market, but the charts are looking"}, {"start": "00:01:10", "end": "00:01:13", "text": "they're starting to look pretty damn"}, {"start": "00:01:11", "end": "00:01:15", "text": "juicy. They're starting to show some"}, {"start": "00:01:13", "end": "00:01:17", "text": "setups that in the face of all this"}, {"start": "00:01:15", "end": "00:01:18", "text": "uncertainty,"}, {"start": "00:01:17", "end": "00:01:20", "text": "this is where you start to rely on the"}, {"start": "00:01:18", "end": "00:01:22", "text": "data and what your actual plans and"}, {"start": "00:01:20", "end": "00:01:24", "text": "goals are. So, I know we're going to be"}, {"start": "00:01:22", "end": "00:01:25", "text": "diving into a lot today, so I'll throw"}, {"start": "00:01:24", "end": "00:01:27", "text": "it back to you and we'll get into it."}, {"start": "00:01:25", "end": "00:01:29", "text": ">> Yeah, absolutely. Absolutely, the charts"}, {"start": "00:01:27", "end": "00:01:31", "text": "are looking good. As Kelly said,"}, {"start": "00:01:29", "end": "00:01:33", "text": "CoinMarketCap really where Bitcoin"}, {"start": "00:01:31", "end": "00:01:36", "text": "sitting right now, it's down by 1% over"}, {"start": "00:01:33", "end": "00:01:38", "text": "the day, but it is defending itself"}, {"start": "00:01:36", "end": "00:01:40", "text": "around the $60,000 region. I'll be"}, {"start": "00:01:38", "end": "00:01:42", "text": "diving into the Bitcoin chart and really"}, {"start": "00:01:40", "end": "00:01:44", "text": "what money flow is looking like for the"}, {"start": "00:01:42", "end": "00:01:46", "text": "time being, but it's not looking too"}, {"start": "00:01:44", "end": "00:01:49", "text": "bad. Ethereum really setting up a nice"}, {"start": "00:01:46", "end": "00:01:51", "text": "setup here. It's up 8% over the last"}, {"start": "00:01:49", "end": "00:01:54", "text": "week and still hovering around that"}, {"start": "00:01:51", "end": "00:01:57", "text": "1,800 mid $1,800 range, and a lot of"}, {"start": "00:01:54", "end": "00:01:59", "text": "projects are honestly still ready to"}, {"start": "00:01:57", "end": "00:02:03", "text": "party. We have Ondo Finance, which is"}, {"start": "00:01:59", "end": "00:02:06", "text": "the top gainer of today up 16.9%"}, {"start": "00:02:03", "end": "00:02:09", "text": "Pith Network at 5 cents a token"}, {"start": "00:02:06", "end": "00:02:11", "text": "coming up about 9.7% over the last 24"}, {"start": "00:02:09", "end": "00:02:13", "text": "hours and Virtuals setting up some good"}, {"start": "00:02:11", "end": "00:02:15", "text": "groundwork and another major news"}, {"start": "00:02:13", "end": "00:02:18", "text": "announcement for Morfeo helping the"}, {"start": "00:02:15", "end": "00:02:21", "text": "price continue to chunk on up from that"}, {"start": "00:02:18", "end": "00:02:23", "text": "$2 resistance / support zone. But,"}, {"start": "00:02:21", "end": "00:02:26", "text": "there's a lot to be discussed today on"}, {"start": "00:02:23", "end": "00:02:29", "text": "the Trump camp. We have hugely hugely"}, {"start": "00:02:26", "end": "00:02:32", "text": "positive news on a meeting today,"}, {"start": "00:02:29", "end": "00:02:34", "text": "Thursday at 2:30 p.m. Eastern Standard"}, {"start": "00:02:32", "end": "00:02:37", "text": "Time with Trump to discuss ethics that"}, {"start": "00:02:34", "end": "00:02:39", "text": "are raising concerns for the passage of"}, {"start": "00:02:37", "end": "00:02:41", "text": "this sweeping crypto legislation, the"}, {"start": "00:02:39", "end": "00:02:43", "text": "Clarity Act. Now,"}, {"start": "00:02:41", "end": "00:02:46", "text": "the meeting is going to be held at 2:30"}, {"start": "00:02:43", "end": "00:02:48", "text": "as I said with Republican Senator Bernie"}, {"start": "00:02:46", "end": "00:02:50", "text": "Manero and Cynthia Loomis, our Bitcoin"}, {"start": "00:02:48", "end": "00:02:52", "text": "Senator. Apparently, Bitcoin needs a"}, {"start": "00:02:50", "end": "00:02:54", "text": "senator now along with top White House"}, {"start": "00:02:52", "end": "00:02:56", "text": "crypto advisor Patrick Witt and White"}, {"start": "00:02:54", "end": "00:02:59", "text": "House Chief of Staff Steve uh Chief of"}, {"start": "00:02:56", "end": "00:03:02", "text": "Staff Susie Wiles. Purpose is to pitch"}, {"start": "00:02:59", "end": "00:03:04", "text": "some ideas on ethics issues and"}, {"start": "00:03:02", "end": "00:03:06", "text": "hopefully get his sign-off on those"}, {"start": "00:03:04", "end": "00:03:09", "text": "issues, according to Solana Policy"}, {"start": "00:03:06", "end": "00:03:10", "text": "Institute President Kristin Smith. So, I"}, {"start": "00:03:09", "end": "00:03:13", "text": "think this is hugely positive, she says."}, {"start": "00:03:10", "end": "00:03:14", "text": "She sounded like Trump here. The meeting"}, {"start": "00:03:13", "end": "00:03:17", "text": "obviously going to be happening after"}, {"start": "00:03:14", "end": "00:03:18", "text": "the show here later today. And the"}, {"start": "00:03:17", "end": "00:03:20", "text": "president of the Solana Policy"}, {"start": "00:03:18", "end": "00:03:22", "text": "Institute, Kristin Smith, says that this"}, {"start": "00:03:20", "end": "00:03:25", "text": "comes as lawmakers have been negotiating"}, {"start": "00:03:22", "end": "00:03:28", "text": "all of the language within the ethics"}, {"start": "00:03:25", "end": "00:03:31", "text": "provisions in the Clarity Act to address"}, {"start": "00:03:28", "end": "00:03:32", "text": "the mostly Democratic lawmaker concerns"}, {"start": "00:03:31", "end": "00:03:34", "text": "about Trump and his family's crypto"}, {"start": "00:03:32", "end": "00:03:37", "text": "ventures. And the purpose of this"}, {"start": "00:03:34", "end": "00:03:39", "text": "meeting, as reported, is to pitch Trump"}, {"start": "00:03:37", "end": "00:03:41", "text": "some ideas on the ethics issue and"}, {"start": "00:03:39", "end": "00:03:44", "text": "hopefully get his sign-off on these"}, {"start": "00:03:41", "end": "00:03:46", "text": "ideas being presented. Maybe he has to"}, {"start": "00:03:44", "end": "00:03:48", "text": "step away from connections to World"}, {"start": "00:03:46", "end": "00:03:49", "text": "Liberty Fi, maybe he has to walk back"}, {"start": "00:03:48", "end": "00:03:51", "text": "some of his connections to other crypto"}, {"start": "00:03:49", "end": "00:03:53", "text": "ventures."}, {"start": "00:03:51", "end": "00:03:56", "text": "Um and you know what? This actually uh"}, {"start": "00:03:53", "end": "00:03:58", "text": "ring my bell. Kelly, you remember"}, {"start": "00:03:56", "end": "00:04:01", "text": "uh Trump just had to pull back a little"}, {"start": "00:03:58", "end": "00:04:02", "text": "bit on the Truth Social Bitcoin ETF"}, {"start": "00:04:01", "end": "00:04:05", "text": "play, as well."}, {"start": "00:04:02", "end": "00:04:06", "text": "So, maybe Trump's actually going to"}, {"start": "00:04:05", "end": "00:04:09", "text": "listen to these lawmakers in this"}, {"start": "00:04:06", "end": "00:04:12", "text": "meeting to get this Clarity Act move"}, {"start": "00:04:09", "end": "00:04:14", "text": "forward. Um, now,"}, {"start": "00:04:12", "end": "00:04:16", "text": "obviously, it hasn't been very fun"}, {"start": "00:04:14", "end": "00:04:19", "text": "having I thought a pro-crypto president"}, {"start": "00:04:16", "end": "00:04:21", "text": "would hit a lot different than uh it has"}, {"start": "00:04:19", "end": "00:04:24", "text": "hit with Donald Trump."}, {"start": "00:04:21", "end": "00:04:27", "text": "Do you think that he's going to have any"}, {"start": "00:04:24", "end": "00:04:28", "text": "sort of uh willingness to negotiate in"}, {"start": "00:04:27", "end": "00:04:31", "text": "terms of his connection to World Liberty"}, {"start": "00:04:28", "end": "00:04:33", "text": "Fi or any of these massive ventures, cuz"}, {"start": "00:04:31", "end": "00:04:35", "text": "he's made over a billion dollars in"}, {"start": "00:04:33", "end": "00:04:36", "text": "crypto since becoming president. What do"}, {"start": "00:04:35", "end": "00:04:38", "text": "you think, Kelly?"}, {"start": "00:04:36", "end": "00:04:40", "text": ">> You know, I think it's all a dog and"}, {"start": "00:04:38", "end": "00:04:42", "text": "pony show. When you look at the the the"}, {"start": "00:04:40", "end": "00:04:46", "text": "the Congress as a whole, uh all elected"}, {"start": "00:04:42", "end": "00:04:48", "text": "officials, um I feel like it's it's turn"}, {"start": "00:04:46", "end": "00:04:50", "text": "the other cheek when it's our party, and"}, {"start": "00:04:48", "end": "00:04:52", "text": "let's go, especially with uh Trump. And"}, {"start": "00:04:50", "end": "00:04:55", "text": "Trump, in some ways, did it a little bit"}, {"start": "00:04:52", "end": "00:04:57", "text": "to himself, but he's so polarizing that"}, {"start": "00:04:55", "end": "00:05:00", "text": "it's bringing uh you know, a far more"}, {"start": "00:04:57", "end": "00:05:02", "text": "scrutinous sort of viewpoint onto any"}, {"start": "00:05:00", "end": "00:05:04", "text": "action that he takes or is perceived to"}, {"start": "00:05:02", "end": "00:05:06", "text": "have taken, even if all of his money is"}, {"start": "00:05:04", "end": "00:05:08", "text": "uh you know, managed in a trust or uh"}, {"start": "00:05:06", "end": "00:05:10", "text": "however it's managed through other other"}, {"start": "00:05:08", "end": "00:05:14", "text": "uh people. They accuse him of trading"}, {"start": "00:05:10", "end": "00:05:15", "text": "Nvidia and Dell and what name the stock"}, {"start": "00:05:14", "end": "00:05:17", "text": "uh because he mentions it and that, you"}, {"start": "00:05:15", "end": "00:05:19", "text": "know, he's got a team of um"}, {"start": "00:05:17", "end": "00:05:21", "text": "what do you call it? Uh"}, {"start": "00:05:19", "end": "00:05:22", "text": "advisors, uh you know, financial"}, {"start": "00:05:21", "end": "00:05:25", "text": "planners and different uh business"}, {"start": "00:05:22", "end": "00:05:27", "text": "leaders that are actively, you know,"}, {"start": "00:05:25", "end": "00:05:28", "text": "navigating the market. And this is not"}, {"start": "00:05:27", "end": "00:05:31", "text": "different than any president that we've"}, {"start": "00:05:28", "end": "00:05:32", "text": "ever had. This is not different than any"}, {"start": "00:05:31", "end": "00:05:34", "text": "uh elected official that's out there. I"}, {"start": "00:05:32", "end": "00:05:36", "text": "think uh it's just"}, {"start": "00:05:34", "end": "00:05:38", "text": "way more in focus with Trump. And if"}, {"start": "00:05:36", "end": "00:05:40", "text": "anything, what I'd like to see is not"}, {"start": "00:05:38", "end": "00:05:41", "text": "that they come down on Trump for this."}, {"start": "00:05:40", "end": "00:05:44", "text": "I'd like them see I like to see them"}, {"start": "00:05:41", "end": "00:05:46", "text": "come down on the way elected officials"}, {"start": "00:05:44", "end": "00:05:49", "text": "are able to as a whole are able to"}, {"start": "00:05:46", "end": "00:05:51", "text": "potentially utilize uh you know their"}, {"start": "00:05:49", "end": "00:05:52", "text": "office and the the knowledge that"}, {"start": "00:05:51", "end": "00:05:54", "text": "they're gaining"}, {"start": "00:05:52", "end": "00:05:56", "text": "on committees or you know as the"}, {"start": "00:05:54", "end": "00:05:59", "text": "president doesn't matter across the"}, {"start": "00:05:56", "end": "00:06:00", "text": "board but to go after Trump for doing"}, {"start": "00:05:59", "end": "00:06:03", "text": "this I think is silly. I think they need"}, {"start": "00:06:00", "end": "00:06:07", "text": "to go after the broader elected class"}, {"start": "00:06:03", "end": "00:06:08", "text": "and and you know not not changing policy"}, {"start": "00:06:07", "end": "00:06:10", "text": "for the people that are putting you know"}, {"start": "00:06:08", "end": "00:06:10", "text": "lining their pockets."}, {"start": "00:06:10", "end": "00:06:12", "text": ">> [laughter]"}, {"start": "00:06:10", "end": "00:06:15", "text": ">> Elizabeth Warren who's funded by banks"}, {"start": "00:06:12", "end": "00:06:16", "text": "who's going after crypto."}, {"start": "00:06:15", "end": "00:06:18", "text": "Nancy Pelosi and her husband that you"}, {"start": "00:06:16", "end": "00:06:20", "text": "know accrued over hundred plus million"}, {"start": "00:06:18", "end": "00:06:23", "text": "dollars in insider trading. It's like"}, {"start": "00:06:20", "end": "00:06:26", "text": "come on man allegedly let's say"}, {"start": "00:06:23", "end": "00:06:28", "text": "but the point is I I think at this point"}, {"start": "00:06:26", "end": "00:06:31", "text": "Bitcoin look at the numbers there's you"}, {"start": "00:06:28", "end": "00:06:34", "text": "know over 40 50 million people in the US"}, {"start": "00:06:31", "end": "00:06:35", "text": "that hold Bitcoin. So to focus on just"}, {"start": "00:06:34", "end": "00:06:37", "text": "what Trump's doing around it is silly."}, {"start": "00:06:35", "end": "00:06:39", "text": "You're ignoring the other 40 to 50"}, {"start": "00:06:37", "end": "00:06:41", "text": "million plus people that are involved"}, {"start": "00:06:39", "end": "00:06:43", "text": "you know in the populace here in the US"}, {"start": "00:06:41", "end": "00:06:45", "text": "alone. So I think this needs to get put"}, {"start": "00:06:43", "end": "00:06:48", "text": "through. Pushed through and I think we"}, {"start": "00:06:45", "end": "00:06:50", "text": "need to start seeing the house and"}, {"start": "00:06:48", "end": "00:06:52", "text": "Congress and Senate to really making"}, {"start": "00:06:50", "end": "00:06:53", "text": "strides forward to actually activate"}, {"start": "00:06:52", "end": "00:06:55", "text": "some of the things that were part of"}, {"start": "00:06:53", "end": "00:06:57", "text": "this administration's campaign and get"}, {"start": "00:06:55", "end": "00:06:58", "text": "it done while you still have control of"}, {"start": "00:06:57", "end": "00:07:01", "text": "the house and the Senate."}, {"start": "00:06:58", "end": "00:07:02", "text": ">> Absolutely. Absolutely and you know just"}, {"start": "00:07:01", "end": "00:07:03", "text": "further into the details of what's going"}, {"start": "00:07:02", "end": "00:07:05", "text": "on today."}, {"start": "00:07:03", "end": "00:07:09", "text": "The fact that Trump is attending is a"}, {"start": "00:07:05", "end": "00:07:11", "text": "big deal in Kristen Smith's opinion"}, {"start": "00:07:09", "end": "00:07:12", "text": "you know from the Solon Institute."}, {"start": "00:07:11", "end": "00:07:16", "text": "She says that this meeting has a"}, {"start": "00:07:12", "end": "00:07:18", "text": "potential of getting done. Thinks that"}, {"start": "00:07:16", "end": "00:07:20", "text": "and actually some inside sources that"}, {"start": "00:07:18", "end": "00:07:22", "text": "haven't been named. Have said that they"}, {"start": "00:07:20", "end": "00:07:25", "text": "show that Trump is intent on getting"}, {"start": "00:07:22", "end": "00:07:26", "text": "this deal done and last month Trump had"}, {"start": "00:07:25", "end": "00:07:28", "text": "to make that financial disclosure where"}, {"start": "00:07:26", "end": "00:07:31", "text": "he revealed hundreds of millions of"}, {"start": "00:07:28", "end": "00:07:32", "text": "dollars in crypto related income tied to"}, {"start": "00:07:31", "end": "00:07:35", "text": "his family's company World Liberty"}, {"start": "00:07:32", "end": "00:07:37", "text": "Financial and right after this news"}, {"start": "00:07:35", "end": "00:07:38", "text": "broke we had Scott Vincent come out and"}, {"start": "00:07:37", "end": "00:07:41", "text": "give his"}, {"start": "00:07:38", "end": "00:07:43", "text": "kind of insight on this"}, {"start": "00:07:41", "end": "00:07:45", "text": "Um, President Trump's kind of direction,"}, {"start": "00:07:43", "end": "00:07:46", "text": "I'll make sure that I'm unmuted here so"}, {"start": "00:07:45", "end": "00:07:48", "text": "you guys can hear it. Let me know in the"}, {"start": "00:07:46", "end": "00:07:49", "text": "chat. Put a one in chat if the sound is"}, {"start": "00:07:48", "end": "00:07:51", "text": "coming over."}, {"start": "00:07:49", "end": "00:07:53", "text": ">> On behalf of the United States Treasury,"}, {"start": "00:07:51", "end": "00:07:55", "text": "let there be no uncertainty about the"}, {"start": "00:07:53", "end": "00:07:58", "text": "work before us and the resolve with"}, {"start": "00:07:55", "end": "00:08:01", "text": "which we will undertake it. We will"}, {"start": "00:07:58", "end": "00:08:03", "text": "identify illicit funding, however"}, {"start": "00:08:01", "end": "00:08:05", "text": "artfully it is concealed. We will"}, {"start": "00:08:03", "end": "00:08:08", "text": "dismantle the networks that sustain"}, {"start": "00:08:05", "end": "00:08:10", "text": "political terrorism, however respectable"}, {"start": "00:08:08", "end": "00:08:12", "text": "their fronts may be."}, {"start": "00:08:10", "end": "00:08:14", "text": "We will pursue those who enable"}, {"start": "00:08:12", "end": "00:08:16", "text": "political violence, however distant"}, {"start": "00:08:14", "end": "00:08:19", "text": "their jurisdictions, and we will deepen"}, {"start": "00:08:16", "end": "00:08:21", "text": "our collaboration with every nation"}, {"start": "00:08:19", "end": "00:08:23", "text": "represented in this room for as long as"}, {"start": "00:08:21", "end": "00:08:26", "text": "this work requires."}, {"start": "00:08:23", "end": "00:08:27", "text": ">> So, I railed on this subject yesterday,"}, {"start": "00:08:26", "end": "00:08:30", "text": "financial controls. It was obviously"}, {"start": "00:08:27", "end": "00:08:33", "text": "after after the news of the"}, {"start": "00:08:30", "end": "00:08:36", "text": "120 130 trillion or million dollars in"}, {"start": "00:08:33", "end": "00:08:39", "text": "Tether that was basically frozen from"}, {"start": "00:08:36", "end": "00:08:42", "text": "the Central Bank of Iran yesterday. Now,"}, {"start": "00:08:39", "end": "00:08:44", "text": "Secretary Blinken comes out with this"}, {"start": "00:08:42", "end": "00:08:47", "text": "kind of further insight. He's looking to"}, {"start": "00:08:44", "end": "00:08:50", "text": "identify that illicit funding, however"}, {"start": "00:08:47", "end": "00:08:53", "text": "artfully concealed it is. We will"}, {"start": "00:08:50", "end": "00:08:56", "text": "dismantle these networks and sustain"}, {"start": "00:08:53", "end": "00:08:57", "text": "uh that sustain this political I can't"}, {"start": "00:08:56", "end": "00:08:59", "text": "really quite say the word on this"}, {"start": "00:08:57", "end": "00:09:03", "text": "channel, but political bad actors in the"}, {"start": "00:08:59", "end": "00:09:05", "text": "eyes of the United States hegemony. Now,"}, {"start": "00:09:03", "end": "00:09:07", "text": "it is a mechanism of control, but I"}, {"start": "00:09:05", "end": "00:09:10", "text": "think within Bitcoin, this is what"}, {"start": "00:09:07", "end": "00:09:12", "text": "happens when the immoveable immoveable"}, {"start": "00:09:10", "end": "00:09:14", "text": "object of a government that is in"}, {"start": "00:09:12", "end": "00:09:16", "text": "control of world superpower meets the"}, {"start": "00:09:14", "end": "00:09:20", "text": "unstoppable force"}, {"start": "00:09:16", "end": "00:09:22", "text": "of advancements in crypto, in Bitcoin,"}, {"start": "00:09:20", "end": "00:09:25", "text": "and it is an interesting time to be"}, {"start": "00:09:22", "end": "00:09:26", "text": "alive. It's tough to say"}, {"start": "00:09:25", "end": "00:09:28", "text": "who's going to come out on the winning"}, {"start": "00:09:26", "end": "00:09:30", "text": "side of this, but I know that the moment"}, {"start": "00:09:28", "end": "00:09:32", "text": "we saw BlackRock get involved with"}, {"start": "00:09:30", "end": "00:09:34", "text": "Bitcoin, Bitcoin really had changed"}, {"start": "00:09:32", "end": "00:09:37", "text": "forever. Now,"}, {"start": "00:09:34", "end": "00:09:39", "text": "over the past 24 hours,"}, {"start": "00:09:37", "end": "00:09:41", "text": "uh Discover crypto and Kelly uh behind"}, {"start": "00:09:39", "end": "00:09:44", "text": "the scenes at our Twitter account put"}, {"start": "00:09:41", "end": "00:09:47", "text": "out this word from Larry Fink."}, {"start": "00:09:44", "end": "00:09:50", "text": "15 trillion dollar asset manager"}, {"start": "00:09:47", "end": "00:09:53", "text": "BlackRock giving three power quotes in"}, {"start": "00:09:50", "end": "00:09:54", "text": "30 seconds on Bitcoin and really listen"}, {"start": "00:09:53", "end": "00:09:57", "text": "to the words that he's saying here."}, {"start": "00:09:54", "end": "00:09:59", "text": "That's is kind of incredible seeing this"}, {"start": "00:09:57", "end": "00:10:01", "text": "message being given out after the fact"}, {"start": "00:09:59", "end": "00:10:01", "text": "of Larry Fink. Let's have a listen to"}, {"start": "00:10:01", "end": "00:10:03", "text": "this."}, {"start": "00:10:01", "end": "00:10:06", "text": ">> always worried about the leveraging in"}, {"start": "00:10:03", "end": "00:10:07", "text": "Bitcoin and crypto. There was too much"}, {"start": "00:10:06", "end": "00:10:09", "text": "leverage players in it. That's why we"}, {"start": "00:10:07", "end": "00:10:09", "text": "had the wash out and I think there's"}, {"start": "00:10:09", "end": "00:10:11", "text": "more"}, {"start": "00:10:09", "end": "00:10:13", "text": ">> Too many leverage players so we had to"}, {"start": "00:10:11", "end": "00:10:16", "text": "wash out all these players."}, {"start": "00:10:13", "end": "00:10:19", "text": ">> stability at these levels here. But"}, {"start": "00:10:16", "end": "00:10:22", "text": "no, I we don't see that much implicit"}, {"start": "00:10:19", "end": "00:10:24", "text": "leverage for the scale of the capital"}, {"start": "00:10:22", "end": "00:10:27", "text": "markets today, the leverage is not as"}, {"start": "00:10:24", "end": "00:10:30", "text": "large. I mean, that"}, {"start": "00:10:27", "end": "00:10:32", "text": "that doesn't mean there's not pockets."}, {"start": "00:10:30", "end": "00:10:33", "text": "But no, I I"}, {"start": "00:10:32", "end": "00:10:35", "text": "as I said in my prepared remarks this"}, {"start": "00:10:33", "end": "00:10:37", "text": "morning, I'm very bullish"}, {"start": "00:10:35", "end": "00:10:39", "text": "on the markets over the next 12 months."}, {"start": "00:10:37", "end": "00:10:41", "text": "I think the technological revolution is"}, {"start": "00:10:39", "end": "00:10:43", "text": "going to power"}, {"start": "00:10:41", "end": "00:10:44", "text": "better margins for more companies. I"}, {"start": "00:10:43", "end": "00:10:46", "text": "mean, think about BlackRock. We've"}, {"start": "00:10:44", "end": "00:10:48", "text": "raised our margins increased by 260"}, {"start": "00:10:46", "end": "00:10:50", "text": "basis points over the last 12 months."}, {"start": "00:10:48", "end": "00:10:52", "text": ">> They make a lot of money off of the"}, {"start": "00:10:50", "end": "00:10:55", "text": "Bitcoin ETF. He's very bullish at the"}, {"start": "00:10:52", "end": "00:10:57", "text": "levels that we're at right now. And all"}, {"start": "00:10:55", "end": "00:10:59", "text": "of the leverage has been washed out. We"}, {"start": "00:10:57", "end": "00:11:02", "text": "had to wash out the leverage. This"}, {"start": "00:10:59", "end": "00:11:06", "text": "immediately made me think of 1010 where"}, {"start": "00:11:02", "end": "00:11:09", "text": "on October 10th of 2025 Bitcoin was"}, {"start": "00:11:06", "end": "00:11:11", "text": "hovering around some pretty high levels."}, {"start": "00:11:09", "end": "00:11:14", "text": "Uh we're sitting right at about gosh, I"}, {"start": "00:11:11", "end": "00:11:16", "text": "mean, that was basically right after our"}, {"start": "00:11:14", "end": "00:11:21", "text": "all-time high. We were at about 123,"}, {"start": "00:11:16", "end": "00:11:24", "text": "122,000 dollars. And on that day, 1010,"}, {"start": "00:11:21", "end": "00:11:26", "text": "19 billion dollars was wiped out in"}, {"start": "00:11:24", "end": "00:11:29", "text": "leverage literally overnight within"}, {"start": "00:11:26", "end": "00:11:31", "text": "hours. Bitcoin plummeted from roughly"}, {"start": "00:11:29", "end": "00:11:35", "text": "122 down to 105,000 dollars and really"}, {"start": "00:11:31", "end": "00:11:37", "text": "began that cascade downtown to Chinatown"}, {"start": "00:11:35", "end": "00:11:39", "text": "where we find ourselves at right now."}, {"start": "00:11:37", "end": "00:11:41", "text": "And obviously, Larry Fink feeling"}, {"start": "00:11:39", "end": "00:11:43", "text": "bullish at these levels, which any"}, {"start": "00:11:41", "end": "00:11:46", "text": "reasonable technical analyst would feel"}, {"start": "00:11:43", "end": "00:11:47", "text": "bullish in this entire range of coming"}, {"start": "00:11:46", "end": "00:11:51", "text": "back down to previous all-time highs for"}, {"start": "00:11:47", "end": "00:11:53", "text": "Bitcoin and the ebb and flow of the"}, {"start": "00:11:51", "end": "00:11:56", "text": "4-year cycle kind of continuing. But,"}, {"start": "00:11:53", "end": "00:11:58", "text": "this was also, in my humblest of"}, {"start": "00:11:56", "end": "00:12:01", "text": "opinion,"}, {"start": "00:11:58", "end": "00:12:05", "text": "connected to the approved mechanisms of"}, {"start": "00:12:01", "end": "00:12:08", "text": "how these ETFs flow behind the IBIT"}, {"start": "00:12:05", "end": "00:12:11", "text": "Bitcoin ETF of BlackRock's Jane Street"}, {"start": "00:12:08", "end": "00:12:15", "text": "and JP Morgan. Jane Street and JP Morgan"}, {"start": "00:12:11", "end": "00:12:17", "text": "were initially, right around February of"}, {"start": "00:12:15", "end": "00:12:21", "text": "2025, highlighted by the Wall Street"}, {"start": "00:12:17", "end": "00:12:23", "text": "Journal as basically being a assassin"}, {"start": "00:12:21", "end": "00:12:26", "text": "organization for the Terra Luna collapse"}, {"start": "00:12:23", "end": "00:12:28", "text": "with insider information. And then, the"}, {"start": "00:12:26", "end": "00:12:31", "text": "morning of 10:00 a.m."}, {"start": "00:12:28", "end": "00:12:33", "text": "consistently, over the course of a few"}, {"start": "00:12:31", "end": "00:12:36", "text": "months, Bitcoin was just systematically"}, {"start": "00:12:33", "end": "00:12:38", "text": "sold off, would rally about halfway as"}, {"start": "00:12:36", "end": "00:12:41", "text": "high, and then continue down that"}, {"start": "00:12:38", "end": "00:12:44", "text": "cascade. I put out this"}, {"start": "00:12:41", "end": "00:12:47", "text": "video, and I've left it pinned since"}, {"start": "00:12:44", "end": "00:12:50", "text": "February of '25 February 25th for a"}, {"start": "00:12:47", "end": "00:12:53", "text": "reason. In my opinion, I do feel like"}, {"start": "00:12:50", "end": "00:12:56", "text": "what Larry Fink just said on this Squawk"}, {"start": "00:12:53", "end": "00:12:58", "text": "Box meeting about we had to wash out the"}, {"start": "00:12:56", "end": "00:13:00", "text": "leverage, he meant it. And some of those"}, {"start": "00:12:58", "end": "00:13:02", "text": "market makers, and this is what I And"}, {"start": "00:13:00", "end": "00:13:03", "text": "you know, maybe I'm being a conspiracy"}, {"start": "00:13:02", "end": "00:13:05", "text": "theorist here. Talk me off the ledge if"}, {"start": "00:13:03", "end": "00:13:06", "text": "I am, Kelly."}, {"start": "00:13:05", "end": "00:13:08", "text": "But, I feel like this is what we get for"}, {"start": "00:13:06", "end": "00:13:11", "text": "dancing with the devil."}, {"start": "00:13:08", "end": "00:13:13", "text": "Um, you know, I mean, I What is your"}, {"start": "00:13:11", "end": "00:13:15", "text": "take? You talk with a lot of people like"}, {"start": "00:13:13", "end": "00:13:16", "text": "Dave Weisberger"}, {"start": "00:13:15", "end": "00:13:20", "text": "and a lot of people that have been"}, {"start": "00:13:16", "end": "00:13:21", "text": "around just traditional market ETFs for,"}, {"start": "00:13:20", "end": "00:13:23", "text": "you know, what, 30 years or something"}, {"start": "00:13:21", "end": "00:13:25", "text": "like that?"}, {"start": "00:13:23", "end": "00:13:27", "text": "Do you think it was a mechanical"}, {"start": "00:13:25", "end": "00:13:29", "text": "creation of the bear market we're in"}, {"start": "00:13:27", "end": "00:13:31", "text": "right now by BlackRock, or is this just"}, {"start": "00:13:29", "end": "00:13:33", "text": "the 4-year cycle"}, {"start": "00:13:31", "end": "00:13:34", "text": "kind of playing out its usual rhyme and"}, {"start": "00:13:33", "end": "00:13:35", "text": "rhythm?"}, {"start": "00:13:34", "end": "00:13:37", "text": ">> Well, first off, let's go to the data."}, {"start": "00:13:35", "end": "00:13:40", "text": "Let's take a look at this chart right"}, {"start": "00:13:37", "end": "00:13:41", "text": "here. This is a Bitcoin open interest."}, {"start": "00:13:40", "end": "00:13:44", "text": "Uh and when you see this, when it pops"}, {"start": "00:13:41", "end": "00:13:45", "text": "up here in just a moment, there we go."}, {"start": "00:13:44", "end": "00:13:47", "text": "Uh look at how high the open interest"}, {"start": "00:13:45", "end": "00:13:50", "text": "was. Of course, the yellow is Binance,"}, {"start": "00:13:47", "end": "00:13:52", "text": "the blue is Bybit. Uh but collectively,"}, {"start": "00:13:50", "end": "00:13:54", "text": "you know, this is the total of how Look"}, {"start": "00:13:52", "end": "00:13:55", "text": "at how high that open interest is. And"}, {"start": "00:13:54", "end": "00:13:58", "text": "look at where it is now. It's come all"}, {"start": "00:13:55", "end": "00:14:00", "text": "the way back down into levels that were,"}, {"start": "00:13:58", "end": "00:14:03", "text": "you know, back in this region over here"}, {"start": "00:14:00", "end": "00:14:05", "text": "before this run, when price was, you"}, {"start": "00:14:03", "end": "00:14:07", "text": "know, about $36,000."}, {"start": "00:14:05", "end": "00:14:09", "text": "So, the amount of open interest, yes,"}, {"start": "00:14:07", "end": "00:14:11", "text": "was a ticking time bomb. But in addition"}, {"start": "00:14:09", "end": "00:14:13", "text": "to that, what's happened in the last"}, {"start": "00:14:11", "end": "00:14:16", "text": "year? We've had an exponential increase"}, {"start": "00:14:13", "end": "00:14:19", "text": "in the number of not only exchanges, but"}, {"start": "00:14:16", "end": "00:14:20", "text": "also uh different"}, {"start": "00:14:19", "end": "00:14:22", "text": "automated vehicles, automated"}, {"start": "00:14:20", "end": "00:14:25", "text": "mechanisms, uh you know, algorithmic"}, {"start": "00:14:22", "end": "00:14:26", "text": "trading that retail can participate with"}, {"start": "00:14:25", "end": "00:14:28", "text": "with uh you know, different trading"}, {"start": "00:14:26", "end": "00:14:29", "text": "bots, uh so on and so forth, copy"}, {"start": "00:14:28", "end": "00:14:31", "text": "trading."}, {"start": "00:14:29", "end": "00:14:33", "text": "But then you also have Take all that"}, {"start": "00:14:31", "end": "00:14:36", "text": "aside and just realize"}, {"start": "00:14:33", "end": "00:14:37", "text": "that this is free money on the table if"}, {"start": "00:14:36", "end": "00:14:38", "text": "they can convince the market to go the"}, {"start": "00:14:37", "end": "00:14:39", "text": "other direction."}, {"start": "00:14:38", "end": "00:14:41", "text": ">> Right."}, {"start": "00:14:39", "end": "00:14:43", "text": ">> Excuse me. And part of that convincing"}, {"start": "00:14:41", "end": "00:14:44", "text": "can be a major player."}, {"start": "00:14:43", "end": "00:14:46", "text": "Could be Jane Street, could be Jane"}, {"start": "00:14:44", "end": "00:14:48", "text": "Street and X Y or Z. Name the other"}, {"start": "00:14:46", "end": "00:14:51", "text": "institutions cuz I don't think any of"}, {"start": "00:14:48", "end": "00:14:53", "text": "these uh major players really do things"}, {"start": "00:14:51", "end": "00:14:54", "text": "absolutely siloed by themselves. I do"}, {"start": "00:14:53", "end": "00:14:56", "text": "think that there's"}, {"start": "00:14:54", "end": "00:14:58", "text": "some coordination in the back end. It's"}, {"start": "00:14:56", "end": "00:15:00", "text": "like, okay, let's start this domino"}, {"start": "00:14:58", "end": "00:15:04", "text": "effect, and then we can really uh"}, {"start": "00:15:00", "end": "00:15:06", "text": "provide price action that is very uh uh"}, {"start": "00:15:04", "end": "00:15:08", "text": "profitable in terms of volatility."}, {"start": "00:15:06", "end": "00:15:10", "text": "Because while most people new to the"}, {"start": "00:15:08", "end": "00:15:12", "text": "market think that this is This is so"}, {"start": "00:15:10", "end": "00:15:15", "text": "bad, it's going down. The major players"}, {"start": "00:15:12", "end": "00:15:16", "text": "in this market are making so much money"}, {"start": "00:15:15", "end": "00:15:18", "text": "on this price action moving to the"}, {"start": "00:15:16", "end": "00:15:20", "text": "downside, just like players make a lot"}, {"start": "00:15:18", "end": "00:15:22", "text": "of money with buying low and selling"}, {"start": "00:15:20", "end": "00:15:24", "text": "high. They're making money on the spread"}, {"start": "00:15:22", "end": "00:15:26", "text": "of volatility. So, I do think more than"}, {"start": "00:15:24", "end": "00:15:28", "text": "anything this is just a function of how"}, {"start": "00:15:26", "end": "00:15:30", "text": "markets work and the fact that Bitcoin"}, {"start": "00:15:28", "end": "00:15:32", "text": "and the crypto market as a whole is so"}, {"start": "00:15:30", "end": "00:15:34", "text": "much more on the global stage now. And"}, {"start": "00:15:32", "end": "00:15:36", "text": "remember, we were hoping for governments"}, {"start": "00:15:34", "end": "00:15:38", "text": "and institutions to get involved cuz it"}, {"start": "00:15:36", "end": "00:15:40", "text": "was going to make us rich. Well, yes, if"}, {"start": "00:15:38", "end": "00:15:42", "text": "you're playing the volatility. In terms"}, {"start": "00:15:40", "end": "00:15:45", "text": "of the directionality of the of the"}, {"start": "00:15:42", "end": "00:15:47", "text": "market, all these big players being"}, {"start": "00:15:45", "end": "00:15:49", "text": "involved doesn't mean up only. It means"}, {"start": "00:15:47", "end": "00:15:51", "text": "they're going to put their hooks in"}, {"start": "00:15:49", "end": "00:15:53", "text": "taking advantage of making profit to the"}, {"start": "00:15:51", "end": "00:15:55", "text": "upside and the downside. When you have a"}, {"start": "00:15:53", "end": "00:15:57", "text": "huge number of retail participants,"}, {"start": "00:15:55", "end": "00:16:00", "text": "especially, that are very emotionally"}, {"start": "00:15:57", "end": "00:16:02", "text": "charged, then you get everybody buying"}, {"start": "00:16:00", "end": "00:16:04", "text": "in at the top on leverage. You you"}, {"start": "00:16:02", "end": "00:16:05", "text": "reverse the price action and now that"}, {"start": "00:16:04", "end": "00:16:08", "text": "they're all going short and everybody"}, {"start": "00:16:05", "end": "00:16:10", "text": "else is selling, jumping off the the"}, {"start": "00:16:08", "end": "00:16:12", "text": "ship, providing lower price for people"}, {"start": "00:16:10", "end": "00:16:13", "text": "that are paying attention. And at the"}, {"start": "00:16:12", "end": "00:16:14", "text": "end of the day, when you look at that"}, {"start": "00:16:13", "end": "00:16:16", "text": "chart, when you come come back over to"}, {"start": "00:16:14", "end": "00:16:18", "text": "the Bitcoin chart and just look at I"}, {"start": "00:16:16", "end": "00:16:19", "text": "don't even know which chart this is."}, {"start": "00:16:18", "end": "00:16:21", "text": "Okay, let's see cuz I got like 15"}, {"start": "00:16:19", "end": "00:16:23", "text": "different drawings here."}, {"start": "00:16:21", "end": "00:16:24", "text": "At the end of the day, I mean, this is a"}, {"start": "00:16:23", "end": "00:16:28", "text": "regular structure we're seeing, you"}, {"start": "00:16:24", "end": "00:16:30", "text": "know, rise, fall, rise, fall, rise. What"}, {"start": "00:16:28", "end": "00:16:31", "text": "are we getting right now? A fall. So,"}, {"start": "00:16:30", "end": "00:16:33", "text": "those that are paying attention, and we"}, {"start": "00:16:31", "end": "00:16:35", "text": "got some more charts here in a bit, that"}, {"start": "00:16:33", "end": "00:16:37", "text": "are showing we're setting up for some"}, {"start": "00:16:35", "end": "00:16:39", "text": "really mega bullishness, especially this"}, {"start": "00:16:37", "end": "00:16:41", "text": "massive bullish divergence. This is on"}, {"start": "00:16:39", "end": "00:16:43", "text": "the 3-day chart, also on the weekly"}, {"start": "00:16:41", "end": "00:16:45", "text": "chart, that's forming while open"}, {"start": "00:16:43", "end": "00:16:47", "text": "interest is down, while Larry Fink is"}, {"start": "00:16:45", "end": "00:16:49", "text": "talking about uh that he think it's a"}, {"start": "00:16:47", "end": "00:16:52", "text": "much healthier market space. Even Peter"}, {"start": "00:16:49", "end": "00:16:53", "text": "Schiff thinks that uh this is a good"}, {"start": "00:16:52", "end": "00:16:55", "text": "buying opportunity, although he"}, {"start": "00:16:53", "end": "00:16:57", "text": "contradicts himself. We'll get into that"}, {"start": "00:16:55", "end": "00:16:58", "text": "here in a second."}, {"start": "00:16:57", "end": "00:17:01", "text": ">> Yeah, Peter Schiff has struck again and"}, {"start": "00:16:58", "end": "00:17:03", "text": "he's incredible uh with his timing about"}, {"start": "00:17:01", "end": "00:17:05", "text": "his tweets. So, I'm I'm pretty excited"}, {"start": "00:17:03", "end": "00:17:07", "text": "to dive into him. And really, the slight"}, {"start": "00:17:05", "end": "00:17:10", "text": "concern here for me, uh just reported"}, {"start": "00:17:07", "end": "00:17:13", "text": "Bitfinex says Bitcoin's move to 65K is"}, {"start": "00:17:10", "end": "00:17:16", "text": "borrowed strength, they say, with no"}, {"start": "00:17:13", "end": "00:17:17", "text": "spot bid behind it, right? Degens"}, {"start": "00:17:16", "end": "00:17:20", "text": "getting back on the sticks with the"}, {"start": "00:17:17", "end": "00:17:23", "text": "leverage potentially. Bitcoin's climb to"}, {"start": "00:17:20", "end": "00:17:25", "text": "65k is a macro trade in their opinion,"}, {"start": "00:17:23", "end": "00:17:27", "text": "not a crypto one according to Bitfinex"}, {"start": "00:17:25", "end": "00:17:30", "text": "analyst. The soft June inflation print"}, {"start": "00:17:27", "end": "00:17:33", "text": "cut the odds of the July's rate cut to"}, {"start": "00:17:30", "end": "00:17:35", "text": "about 12% from 42%"}, {"start": "00:17:33", "end": "00:17:38", "text": "and the 2-year Treasury yield fell 14"}, {"start": "00:17:35", "end": "00:17:39", "text": "basis points. Bitcoin re-priced higher"}, {"start": "00:17:38", "end": "00:17:42", "text": "alongside equities and other risk"}, {"start": "00:17:39", "end": "00:17:44", "text": "assets, which is the whole move Bitfinex"}, {"start": "00:17:42", "end": "00:17:46", "text": "reads. What's missing is any sign of"}, {"start": "00:17:44", "end": "00:17:50", "text": "Bitcoin demand on its own and spot"}, {"start": "00:17:46", "end": "00:17:51", "text": "Bitcoin ETFs did sell around 425 million"}, {"start": "00:17:50", "end": "00:17:54", "text": "on July 13th."}, {"start": "00:17:51", "end": "00:17:57", "text": "And generally speaking, you know, I do"}, {"start": "00:17:54", "end": "00:17:58", "text": "have some Ethereum ETF highlights to do,"}, {"start": "00:17:57", "end": "00:18:02", "text": "but"}, {"start": "00:17:58", "end": "00:18:03", "text": "I do want to show Bitcoin spot ETF."}, {"start": "00:18:02", "end": "00:18:06", "text": "It doesn't look like it's out of the"}, {"start": "00:18:03", "end": "00:18:09", "text": "woodwork yet. We're seeing more chop and"}, {"start": "00:18:06", "end": "00:18:11", "text": "more indecision on the Bitcoin spot ETF"}, {"start": "00:18:09", "end": "00:18:13", "text": "than we really even are on the"}, {"start": "00:18:11", "end": "00:18:16", "text": "Ethereum's spot ETF. We're seeing a more"}, {"start": "00:18:13", "end": "00:18:18", "text": "convicted move back to the upside on"}, {"start": "00:18:16", "end": "00:18:22", "text": "Ethereum's spot ETFs rather than"}, {"start": "00:18:18", "end": "00:18:24", "text": "Bitcoin's. And the general flow of"}, {"start": "00:18:22", "end": "00:18:26", "text": "Bitcoin's ETFs, yes, it feels good to"}, {"start": "00:18:24", "end": "00:18:29", "text": "see some green days. Yesterday was 107"}, {"start": "00:18:26", "end": "00:18:31", "text": "million dollars coming in. But if you"}, {"start": "00:18:29", "end": "00:18:34", "text": "look at this on the weekly time frame,"}, {"start": "00:18:31", "end": "00:18:36", "text": "on the week we are still down by 130 mil"}, {"start": "00:18:34", "end": "00:18:40", "text": "and it really is seeming to just kind of"}, {"start": "00:18:36", "end": "00:18:42", "text": "flatline at the levels it is right now."}, {"start": "00:18:40", "end": "00:18:43", "text": "And you know, Bitcoin's chart in"}, {"start": "00:18:42", "end": "00:18:45", "text": "general, it's not looking too bad. I do"}, {"start": "00:18:43", "end": "00:18:46", "text": "want to cover kind of the bearish takes."}, {"start": "00:18:45", "end": "00:18:48", "text": "So, you mentioned Peter Schiff. He came"}, {"start": "00:18:46", "end": "00:18:51", "text": "out with this uh yesterday. I believe"}, {"start": "00:18:48", "end": "00:18:53", "text": "actually the 13th. Many people, himself"}, {"start": "00:18:51", "end": "00:18:55", "text": "included, regret not buying Bitcoin when"}, {"start": "00:18:53", "end": "00:18:58", "text": "they first learned about it. Soon, more"}, {"start": "00:18:55", "end": "00:19:02", "text": "people will regret not selling Bitcoin"}, {"start": "00:18:58", "end": "00:19:04", "text": "above $60,000 when they had the chance."}, {"start": "00:19:02", "end": "00:19:07", "text": "Highlighting that there might be a met"}, {"start": "00:19:04", "end": "00:19:09", "text": "another major washout in store for"}, {"start": "00:19:07", "end": "00:19:11", "text": "Bitcoin. Now,"}, {"start": "00:19:09", "end": "00:19:13", "text": "uh this man"}, {"start": "00:19:11", "end": "00:19:15", "text": "is maybe just crashing out a little"}, {"start": "00:19:13", "end": "00:19:18", "text": "extra hard because gold has lost a"}, {"start": "00:19:15", "end": "00:19:20", "text": "$4,000 per ounce level."}, {"start": "00:19:18", "end": "00:19:22", "text": "Is Peter Schiff just a lever slide in,"}, {"start": "00:19:20", "end": "00:19:24", "text": "do you think, Kelly? Is he just out here"}, {"start": "00:19:22", "end": "00:19:25", "text": "slinging mud wherever he can? Like, what"}, {"start": "00:19:24", "end": "00:19:27", "text": "what is this guy's intentions, do you"}, {"start": "00:19:25", "end": "00:19:28", "text": "think?"}, {"start": "00:19:27", "end": "00:19:31", "text": ">> Well, here's the deal. I I don't want to"}, {"start": "00:19:28", "end": "00:19:34", "text": "knock Peter Schiff because in some like"}, {"start": "00:19:31", "end": "00:19:36", "text": "he is a a brilliant guy in some regards."}, {"start": "00:19:34", "end": "00:19:38", "text": "He's one of the people that was really"}, {"start": "00:19:36", "end": "00:19:39", "text": "sounding the alarm leading into 2008"}, {"start": "00:19:38", "end": "00:19:40", "text": "housing crisis."}, {"start": "00:19:39", "end": "00:19:42", "text": ">> Yeah."}, {"start": "00:19:40", "end": "00:19:44", "text": ">> Um in the market downswing there. Uh"}, {"start": "00:19:42", "end": "00:19:46", "text": "now, of course, he's overwhelmingly"}, {"start": "00:19:44", "end": "00:19:48", "text": "entrenched in the markets he's involved"}, {"start": "00:19:46", "end": "00:19:51", "text": "with with gold and with other aspects of"}, {"start": "00:19:48", "end": "00:19:53", "text": "the more traditional marketplace. On the"}, {"start": "00:19:51", "end": "00:19:55", "text": "other hand, he's also human. And the"}, {"start": "00:19:53", "end": "00:19:58", "text": "human side I reference because I think"}, {"start": "00:19:55", "end": "00:20:01", "text": "he's also sort of attention maxing"}, {"start": "00:19:58", "end": "00:20:02", "text": "within you know, crypto Twitter and uh"}, {"start": "00:20:01", "end": "00:20:05", "text": "basically the different news appearances"}, {"start": "00:20:02", "end": "00:20:08", "text": "he does because he gets so much coverage"}, {"start": "00:20:05", "end": "00:20:10", "text": "about being so adverse to Bitcoin while"}, {"start": "00:20:08", "end": "00:20:12", "text": "at the same time his son owns Bitcoin,"}, {"start": "00:20:10", "end": "00:20:14", "text": "I'm sure. Maybe he doesn't own Bitcoin,"}, {"start": "00:20:12", "end": "00:20:16", "text": "but uh I wouldn't put it past him that"}, {"start": "00:20:14", "end": "00:20:17", "text": "maybe his wife has a big bag and that's"}, {"start": "00:20:16", "end": "00:20:19", "text": "his way of holding it without you know,"}, {"start": "00:20:17", "end": "00:20:22", "text": "his ability not to say it, but he also"}, {"start": "00:20:19", "end": "00:20:24", "text": "was giving Michael Saylor uh flak last"}, {"start": "00:20:22", "end": "00:20:25", "text": "week. So, although he's saying you're"}, {"start": "00:20:24", "end": "00:20:28", "text": "going to be you should be selling if"}, {"start": "00:20:25", "end": "00:20:29", "text": "it's above 60. Now, here's a headline"}, {"start": "00:20:28", "end": "00:20:32", "text": "from last week uh from CoinTelegraph."}, {"start": "00:20:29", "end": "00:20:35", "text": "Peter Schiff criticized strategy buying"}, {"start": "00:20:32", "end": "00:20:37", "text": "near highs and selling near lows. Key"}, {"start": "00:20:35", "end": "00:20:41", "text": "point right here, selling near lows."}, {"start": "00:20:37", "end": "00:20:43", "text": "Peter Schiff calling this near lows. AKA"}, {"start": "00:20:41", "end": "00:20:46", "text": "even the guy that hates Bitcoin says,"}, {"start": "00:20:43", "end": "00:20:48", "text": "\"Hey, this is another way to say this is"}, {"start": "00:20:46", "end": "00:20:50", "text": "this is where you should be buying.\" So,"}, {"start": "00:20:48", "end": "00:20:52", "text": "I think he again, I think he's more"}, {"start": "00:20:50", "end": "00:20:55", "text": "attention maxing and and creating"}, {"start": "00:20:52", "end": "00:20:57", "text": "discourse around Bitcoin, but uh I mean,"}, {"start": "00:20:55", "end": "00:20:59", "text": "I wouldn't take his his advice on on"}, {"start": "00:20:57", "end": "00:21:01", "text": "Bitcoin itself. But, you know, he knows"}, {"start": "00:20:59", "end": "00:21:02", "text": "he knows gold and I can't knock gold."}, {"start": "00:21:01", "end": "00:21:04", "text": "Gold is a hell of an asset. It's been"}, {"start": "00:21:02", "end": "00:21:05", "text": "around longer than you know, about as"}, {"start": "00:21:04", "end": "00:21:08", "text": "long as"}, {"start": "00:21:05", "end": "00:21:09", "text": "our established civilization has. Right."}, {"start": "00:21:08", "end": "00:21:11", "text": "Right. Yeah, and that is a good"}, {"start": "00:21:09", "end": "00:21:13", "text": "highlight. You know, he's say saying,"}, {"start": "00:21:11", "end": "00:21:15", "text": "you know, we're essentially at the lows."}, {"start": "00:21:13", "end": "00:21:17", "text": "Michael Saylor's out here buying. We"}, {"start": "00:21:15", "end": "00:21:20", "text": "didn't have any buy pressure"}, {"start": "00:21:17", "end": "00:21:22", "text": "announcements from Michael Saylor this"}, {"start": "00:21:20", "end": "00:21:24", "text": "week really saying that he's buying"}, {"start": "00:21:22", "end": "00:21:26", "text": "billions of dollars of Bitcoin, but yet"}, {"start": "00:21:24", "end": "00:21:28", "text": "we're sitting here"}, {"start": "00:21:26", "end": "00:21:31", "text": "still defending this 60k region, which I"}, {"start": "00:21:28", "end": "00:21:33", "text": "find quite interesting. And you know, I"}, {"start": "00:21:31", "end": "00:21:35", "text": "think we should hop into the Bitcoin"}, {"start": "00:21:33", "end": "00:21:36", "text": "charts here. And yes"}, {"start": "00:21:35", "end": "00:21:39", "text": ">> today's call. Shout out to everyone that"}, {"start": "00:21:36", "end": "00:21:42", "text": "was in the school call. It made It made"}, {"start": "00:21:39", "end": "00:21:43", "text": "me realize I am a little autistic for"}, {"start": "00:21:42", "end": "00:21:46", "text": "all of the different systems that I use"}, {"start": "00:21:43", "end": "00:21:48", "text": "to track altcoins and Bitcoin."}, {"start": "00:21:46", "end": "00:21:50", "text": "Uh but we had a great community call. A"}, {"start": "00:21:48", "end": "00:21:52", "text": "lot of people enjoyed it and there's"}, {"start": "00:21:50", "end": "00:21:55", "text": "some major major systems we're building"}, {"start": "00:21:52", "end": "00:21:58", "text": "out in response to the communities needs"}, {"start": "00:21:55", "end": "00:22:00", "text": "here because, you know, all of this data"}, {"start": "00:21:58", "end": "00:22:02", "text": "and information can be overwhelming for"}, {"start": "00:22:00", "end": "00:22:04", "text": "someone that's just now getting involved"}, {"start": "00:22:02", "end": "00:22:05", "text": "with crypto and Bitcoin, but I think"}, {"start": "00:22:04", "end": "00:22:09", "text": "it's a perfect season to do so, to get"}, {"start": "00:22:05", "end": "00:22:11", "text": "involved and kind of lock into what is"}, {"start": "00:22:09", "end": "00:22:13", "text": "Bitcoin, how do you track the metrics of"}, {"start": "00:22:11", "end": "00:22:16", "text": "these companies that are altcoin firms"}, {"start": "00:22:13", "end": "00:22:18", "text": "or any of the revenue coming in and out."}, {"start": "00:22:16", "end": "00:22:20", "text": "And there are some things that I want to"}, {"start": "00:22:18", "end": "00:22:23", "text": "highlight here. Uh I did see that there"}, {"start": "00:22:20", "end": "00:22:26", "text": "was a Peter Brandt report that came out."}, {"start": "00:22:23", "end": "00:22:28", "text": "Peter Brandt not Peter Schiff, okay?"}, {"start": "00:22:26", "end": "00:22:31", "text": "He's a little bit different of a look,"}, {"start": "00:22:28", "end": "00:22:32", "text": "right? Boomer as well. Trading expert."}, {"start": "00:22:31", "end": "00:22:33", "text": "Now,"}, {"start": "00:22:32", "end": "00:22:36", "text": "he's talking"}, {"start": "00:22:33", "end": "00:22:38", "text": ">> been tra- Peter Brandt has been a voice"}, {"start": "00:22:36", "end": "00:22:41", "text": "and a name in trading and investing"}, {"start": "00:22:38", "end": "00:22:42", "text": "longer than most people watching's"}, {"start": "00:22:41", "end": "00:22:43", "text": "parents have been alive."}, {"start": "00:22:42", "end": "00:22:45", "text": ">> Yeah."}, {"start": "00:22:43", "end": "00:22:46", "text": "And he's talking about something kind of"}, {"start": "00:22:45", "end": "00:22:46", "text": "interesting, you know?"}, {"start": "00:22:46", "end": "00:22:48", "text": ">> [laughter]"}, {"start": "00:22:46", "end": "00:22:49", "text": ">> He's got experience."}, {"start": "00:22:48", "end": "00:22:51", "text": "Um"}, {"start": "00:22:49", "end": "00:22:54", "text": "very unconventional call, he says. But"}, {"start": "00:22:51", "end": "00:22:56", "text": "he's saying that this is, in Bitcoin"}, {"start": "00:22:54", "end": "00:22:59", "text": "terms, the makings of an inverted head"}, {"start": "00:22:56", "end": "00:23:01", "text": "and shoulders pattern or a head and"}, {"start": "00:22:59", "end": "00:23:02", "text": "shoulders bottom. You know, and this is"}, {"start": "00:23:01", "end": "00:23:04", "text": "what"}, {"start": "00:23:02", "end": "00:23:05", "text": "it's perked my ears up for sure cuz this"}, {"start": "00:23:04", "end": "00:23:07", "text": "guy knows his stuff"}, {"start": "00:23:05", "end": "00:23:08", "text": "and"}, {"start": "00:23:07", "end": "00:23:10", "text": "you know, do I I'll I'll want to look at"}, {"start": "00:23:08", "end": "00:23:12", "text": "your charts too cuz I like comparing our"}, {"start": "00:23:10", "end": "00:23:14", "text": "charts and what you're seeing, Kelly."}, {"start": "00:23:12", "end": "00:23:16", "text": "What I'm looking at just what kind of"}, {"start": "00:23:14", "end": "00:23:18", "text": "piqued my interest this morning in terms"}, {"start": "00:23:16", "end": "00:23:20", "text": "of Bitcoin is a few days ago we had a"}, {"start": "00:23:18", "end": "00:23:23", "text": "red dot followed immediately by a green"}, {"start": "00:23:20", "end": "00:23:25", "text": "dot with upward momentum. And kind of"}, {"start": "00:23:23", "end": "00:23:28", "text": ">> that money flow."}, {"start": "00:23:25", "end": "00:23:30", "text": ">> Yeah, it's a deep sweep up on money flow"}, {"start": "00:23:28", "end": "00:23:31", "text": "on the daily time frame, which is a good"}, {"start": "00:23:30", "end": "00:23:33", "text": "look."}, {"start": "00:23:31", "end": "00:23:35", "text": "And so, you know, acknowledging just the"}, {"start": "00:23:33", "end": "00:23:38", "text": "general season, I definitely feel like"}, {"start": "00:23:35", "end": "00:23:41", "text": "we are firmly in a bear market. I want"}, {"start": "00:23:38", "end": "00:23:43", "text": "to look at kind of a similar comparison"}, {"start": "00:23:41", "end": "00:23:45", "text": "to what Peter Brandt is talking about"}, {"start": "00:23:43", "end": "00:23:47", "text": "here and I had to go all the way back"}, {"start": "00:23:45", "end": "00:23:50", "text": "to essentially"}, {"start": "00:23:47", "end": "00:23:53", "text": "here in October of 2022 to find a"}, {"start": "00:23:50", "end": "00:23:55", "text": "similar representation where you had a"}, {"start": "00:23:53", "end": "00:23:58", "text": "deep red money flow moving back into the"}, {"start": "00:23:55", "end": "00:24:00", "text": "green, but also in a generalized bear"}, {"start": "00:23:58", "end": "00:24:03", "text": "market because you know, if I could"}, {"start": "00:24:00", "end": "00:24:04", "text": "cherry-pick data and go here and"}, {"start": "00:24:03", "end": "00:24:06", "text": "highlight that, you know, during the"}, {"start": "00:24:04", "end": "00:24:08", "text": "bull market we also had a momentum wave"}, {"start": "00:24:06", "end": "00:24:11", "text": "to the upside with a double uh you know,"}, {"start": "00:24:08", "end": "00:24:14", "text": "kind of red and green confluence, which"}, {"start": "00:24:11", "end": "00:24:16", "text": "essentially lands at about $90,000,"}, {"start": "00:24:14", "end": "00:24:17", "text": "which ended up rallying all the way up"}, {"start": "00:24:16", "end": "00:24:19", "text": "to 125, but I don't think that'd be"}, {"start": "00:24:17", "end": "00:24:21", "text": "honest. I think that the more honest"}, {"start": "00:24:19", "end": "00:24:23", "text": "take is that we are in a bear market and"}, {"start": "00:24:21", "end": "00:24:25", "text": "you got to acknowledge for having to"}, {"start": "00:24:23", "end": "00:24:27", "text": "form that bottom in our real structural"}, {"start": "00:24:25", "end": "00:24:30", "text": "defense points."}, {"start": "00:24:27", "end": "00:24:32", "text": "And the last time I saw something with a"}, {"start": "00:24:30", "end": "00:24:35", "text": "similar kind of makings to what we see"}, {"start": "00:24:32", "end": "00:24:38", "text": "right now is essentially this moment"}, {"start": "00:24:35", "end": "00:24:41", "text": "here in October and November of 2022,"}, {"start": "00:24:38", "end": "00:24:43", "text": "which did leave room for that final kick"}, {"start": "00:24:41", "end": "00:24:44", "text": "to the nuts for Bitcoin."}, {"start": "00:24:43", "end": "00:24:46", "text": "But"}, {"start": "00:24:44", "end": "00:24:48", "text": "I do have to take into account"}, {"start": "00:24:46", "end": "00:24:49", "text": "now that we've invited ETFs into the"}, {"start": "00:24:48", "end": "00:24:51", "text": "room."}, {"start": "00:24:49", "end": "00:24:52", "text": "And now that we have these major major"}, {"start": "00:24:51", "end": "00:24:54", "text": "market makers,"}, {"start": "00:24:52", "end": "00:24:57", "text": "this inverse head and shoulders that"}, {"start": "00:24:54", "end": "00:25:00", "text": "he's talking about here, though"}, {"start": "00:24:57", "end": "00:25:01", "text": "a little mutilated and a little kind of"}, {"start": "00:25:00", "end": "00:25:02", "text": "weird-looking because you don't have"}, {"start": "00:25:01", "end": "00:25:05", "text": "that"}, {"start": "00:25:02", "end": "00:25:07", "text": "deep right shoulder, right? This left"}, {"start": "00:25:05", "end": "00:25:08", "text": "shoulder is much deeper than the current"}, {"start": "00:25:07", "end": "00:25:11", "text": "right shoulder."}, {"start": "00:25:08", "end": "00:25:13", "text": "It does stand some potential of playing"}, {"start": "00:25:11", "end": "00:25:14", "text": "out, and really if it does,"}, {"start": "00:25:13", "end": "00:25:16", "text": "you know, that would mean, you know,"}, {"start": "00:25:14", "end": "00:25:20", "text": "that measured move would take us up to"}, {"start": "00:25:16", "end": "00:25:22", "text": "about the 200 EMA on the daily. On the"}, {"start": "00:25:20", "end": "00:25:24", "text": "weekly, I think it'd be a much different"}, {"start": "00:25:22", "end": "00:25:27", "text": "uh equation. That would actually break"}, {"start": "00:25:24", "end": "00:25:29", "text": "us above the 200 weekly EMA, which would"}, {"start": "00:25:27", "end": "00:25:30", "text": "be a very bullish sign for Bitcoin's"}, {"start": "00:25:29", "end": "00:25:33", "text": "price action."}, {"start": "00:25:30", "end": "00:25:35", "text": "What do you think the possibility of"}, {"start": "00:25:33", "end": "00:25:38", "text": "this being an actual inverse head and"}, {"start": "00:25:35", "end": "00:25:40", "text": "shoulders truly is right now, Kelly?"}, {"start": "00:25:38", "end": "00:25:42", "text": ">> Well, you know, it's it's it's a take"}, {"start": "00:25:40", "end": "00:25:44", "text": "every day one day at a time looking at"}, {"start": "00:25:42", "end": "00:25:47", "text": "the charts because of what we've seen"}, {"start": "00:25:44", "end": "00:25:50", "text": "geopolitically and the the the sort of"}, {"start": "00:25:47", "end": "00:25:53", "text": "fear maxing with the news media as well"}, {"start": "00:25:50", "end": "00:25:55", "text": "as uh the politics and war and and CPI."}, {"start": "00:25:53", "end": "00:25:57", "text": "I mean, CPI came in incredibly, but then"}, {"start": "00:25:55", "end": "00:25:59", "text": "at the same time, Kevin Warsh uh"}, {"start": "00:25:57", "end": "00:26:01", "text": "basically went on a basically con-"}, {"start": "00:25:59", "end": "00:26:04", "text": "congressional tour yesterday saying,"}, {"start": "00:26:01", "end": "00:26:05", "text": "\"Okay, yeah, the CPI looks great, but I"}, {"start": "00:26:04", "end": "00:26:08", "text": "Listen, we're not talking about rate"}, {"start": "00:26:05", "end": "00:26:10", "text": "rate cuts right now at all.\" Uh but, you"}, {"start": "00:26:08", "end": "00:26:11", "text": "know, when we look at the charts, uh you"}, {"start": "00:26:10", "end": "00:26:13", "text": "know, let's go ahead and throw this"}, {"start": "00:26:11", "end": "00:26:15", "text": "chart up. This is the key levels. This"}, {"start": "00:26:13", "end": "00:26:16", "text": "is from a Bitcoin strategy platform."}, {"start": "00:26:15", "end": "00:26:18", "text": "We've got right here the long-term"}, {"start": "00:26:16", "end": "00:26:20", "text": "holder cost basis, which is all the way"}, {"start": "00:26:18", "end": "00:26:22", "text": "down to 49,000. This is the average"}, {"start": "00:26:20", "end": "00:26:25", "text": "price of every coin that's been held for"}, {"start": "00:26:22", "end": "00:26:28", "text": "155 days or more all the way up into 10"}, {"start": "00:26:25", "end": "00:26:30", "text": "12 years. Uh this is the average price"}, {"start": "00:26:28", "end": "00:26:32", "text": "that it was purchased at, right? So,"}, {"start": "00:26:30", "end": "00:26:34", "text": "this uh we typically in bear markets"}, {"start": "00:26:32", "end": "00:26:35", "text": "have fallen below this level. I don't"}, {"start": "00:26:34", "end": "00:26:37", "text": "think we're going to get that this time."}, {"start": "00:26:35", "end": "00:26:39", "text": "You see it back here. You see it tapped"}, {"start": "00:26:37", "end": "00:26:40", "text": "here on COVID. You see the drop below"}, {"start": "00:26:39", "end": "00:26:41", "text": "here. I don't know I don't think we're"}, {"start": "00:26:40", "end": "00:26:43", "text": "going to get that. I think we're going"}, {"start": "00:26:41", "end": "00:26:46", "text": "to get a little bit more of a muted uh"}, {"start": "00:26:43", "end": "00:26:48", "text": "bear market as as we're in right now."}, {"start": "00:26:46", "end": "00:26:50", "text": "And uh but what I'm concerned about or"}, {"start": "00:26:48", "end": "00:26:53", "text": "just hyper aware of is the price action"}, {"start": "00:26:50", "end": "00:26:55", "text": "that is really sort of constricted into"}, {"start": "00:26:53", "end": "00:26:57", "text": "this pocket right here between right"}, {"start": "00:26:55", "end": "00:27:00", "text": "here the realized price to average of"}, {"start": "00:26:57", "end": "00:27:01", "text": "every coin in circulation the average"}, {"start": "00:27:00", "end": "00:27:04", "text": "price that it's you know the last time"}, {"start": "00:27:01", "end": "00:27:07", "text": "it was traded that's at $53,000 and then"}, {"start": "00:27:04", "end": "00:27:09", "text": "you come up here into the 20 21 week"}, {"start": "00:27:07", "end": "00:27:11", "text": "200-day moving average area. We're right"}, {"start": "00:27:09", "end": "00:27:14", "text": "in the zone. So I would just be for me"}, {"start": "00:27:11", "end": "00:27:16", "text": "in this entire zone just DCA'ing DCA"}, {"start": "00:27:14", "end": "00:27:18", "text": "maxing. I'd be hyper bullish or starting"}, {"start": "00:27:16", "end": "00:27:20", "text": "to get very bullish as a a break above"}, {"start": "00:27:18", "end": "00:27:21", "text": "the this band here"}, {"start": "00:27:20", "end": "00:27:23", "text": ">> Yeah. Especially with support that was"}, {"start": "00:27:21", "end": "00:27:24", "text": "signal to me that we're really going. As"}, {"start": "00:27:23", "end": "00:27:28", "text": "it stands with the inverse head and"}, {"start": "00:27:24", "end": "00:27:30", "text": "shoulder, I think the market is primed"}, {"start": "00:27:28", "end": "00:27:32", "text": "right now if we do get a bullish move to"}, {"start": "00:27:30", "end": "00:27:34", "text": "wreck a lot of people because I think"}, {"start": "00:27:32", "end": "00:27:36", "text": "people are going to get a little too you"}, {"start": "00:27:34", "end": "00:27:38", "text": "know open interest is going to come in."}, {"start": "00:27:36", "end": "00:27:39", "text": "But then you also look over here at the"}, {"start": "00:27:38", "end": "00:27:41", "text": "ETFs"}, {"start": "00:27:39", "end": "00:27:42", "text": "and you realize that we've been on a"}, {"start": "00:27:41", "end": "00:27:44", "text": "pretty big downswing. Kind of like the"}, {"start": "00:27:42", "end": "00:27:47", "text": "money flow this oscillates too. Look"}, {"start": "00:27:44", "end": "00:27:50", "text": "down. Uh you know this is kind of"}, {"start": "00:27:47", "end": "00:27:51", "text": "There's a bit of equality here, but it's"}, {"start": "00:27:50", "end": "00:27:53", "text": "kind of down you're getting an up you're"}, {"start": "00:27:51", "end": "00:27:55", "text": "getting a pretty big down with no up at"}, {"start": "00:27:53", "end": "00:27:56", "text": "all. I think we are going to have a"}, {"start": "00:27:55", "end": "00:27:59", "text": "little bit of a resurgence on the ETFs"}, {"start": "00:27:56", "end": "00:28:01", "text": "here and at least coming back up into"}, {"start": "00:27:59", "end": "00:28:03", "text": "the zone. Again, I'd be watching that."}, {"start": "00:28:01", "end": "00:28:05", "text": "And the last last thing I wanted to talk"}, {"start": "00:28:03", "end": "00:28:07", "text": "about here is the fair value map."}, {"start": "00:28:05", "end": "00:28:08", "text": "And when we look at this this is"}, {"start": "00:28:07", "end": "00:28:10", "text": "basically a function also on the Bitcoin"}, {"start": "00:28:08", "end": "00:28:12", "text": "strategy platform. We're seeing the"}, {"start": "00:28:10", "end": "00:28:14", "text": "price action sitting at this band right"}, {"start": "00:28:12", "end": "00:28:16", "text": "here the undervalued band sitting right"}, {"start": "00:28:14", "end": "00:28:17", "text": "on it. Now historically much like we"}, {"start": "00:28:16", "end": "00:28:19", "text": "talked about with the price action going"}, {"start": "00:28:17", "end": "00:28:21", "text": "down to the long-term holder cost basis,"}, {"start": "00:28:19", "end": "00:28:23", "text": "this has come all the way down to the"}, {"start": "00:28:21", "end": "00:28:25", "text": "bottom down to the bottom down to the"}, {"start": "00:28:23", "end": "00:28:26", "text": "bottom down to the bottom down to the"}, {"start": "00:28:25", "end": "00:28:28", "text": "bottom."}, {"start": "00:28:26", "end": "00:28:31", "text": "At some point this market is going to"}, {"start": "00:28:28", "end": "00:28:32", "text": "mature as anything does over time if"}, {"start": "00:28:31", "end": "00:28:34", "text": "it's going to if it's growing and we"}, {"start": "00:28:32", "end": "00:28:36", "text": "know Bitcoin's growing because the type"}, {"start": "00:28:34", "end": "00:28:39", "text": "of holders that are present the type of"}, {"start": "00:28:36", "end": "00:28:41", "text": "the long-term holder stacking. So is"}, {"start": "00:28:39", "end": "00:28:43", "text": "this going to be the new floor? You know"}, {"start": "00:28:41", "end": "00:28:46", "text": "and then we we we bounce from here. We"}, {"start": "00:28:43", "end": "00:28:48", "text": "don't know that until months after it"}, {"start": "00:28:46", "end": "00:28:51", "text": "happens and we start establishing that"}, {"start": "00:28:48", "end": "00:28:52", "text": "run to the upside. But then we've also"}, {"start": "00:28:51", "end": "00:28:54", "text": "got this guy"}, {"start": "00:28:52", "end": "00:28:56", "text": "I showed you that. So yeah, I"}, {"start": "00:28:54", "end": "00:28:57", "text": "do want to shout out though cuz I pulled"}, {"start": "00:28:56", "end": "00:28:59", "text": "this up cuz I was looking for the"}, {"start": "00:28:57", "end": "00:28:59", "text": "recording for people on school."}, {"start": "00:28:59", "end": "00:29:02", "text": ">> Yeah."}, {"start": "00:28:59", "end": "00:29:03", "text": ">> there's a map. So this is our members"}, {"start": "00:29:02", "end": "00:29:05", "text": "here on school. We are all over the"}, {"start": "00:29:03", "end": "00:29:07", "text": "world baby. So"}, {"start": "00:29:05", "end": "00:29:09", "text": ">> Get involved here because we got people"}, {"start": "00:29:07", "end": "00:29:10", "text": "down here in South Africa, Australia,"}, {"start": "00:29:09", "end": "00:29:12", "text": "Uruguay."}, {"start": "00:29:10", "end": "00:29:14", "text": "I mean all over that you know Europe. We"}, {"start": "00:29:12", "end": "00:29:15", "text": "need some people in Russia and and you"}, {"start": "00:29:14", "end": "00:29:16", "text": "know Middle East."}, {"start": "00:29:15", "end": "00:29:17", "text": ">> I don't know if they're allowed you"}, {"start": "00:29:16", "end": "00:29:19", "text": "know."}, {"start": "00:29:17", "end": "00:29:21", "text": "They might be blocked from joining here"}, {"start": "00:29:19", "end": "00:29:23", "text": "in a minute. But shout out to you you"}, {"start": "00:29:21", "end": "00:29:25", "text": "know within our internal community I did"}, {"start": "00:29:23", "end": "00:29:27", "text": "make a uh"}, {"start": "00:29:25", "end": "00:29:31", "text": "a post kind of a heads up about how"}, {"start": "00:29:27", "end": "00:29:33", "text": "Ethereum is setting up itself to perform"}, {"start": "00:29:31", "end": "00:29:35", "text": "over the course of the next week which"}, {"start": "00:29:33", "end": "00:29:36", "text": "is definitely played out. But now other"}, {"start": "00:29:35", "end": "00:29:38", "text": "analysts are calling out that ETH to"}, {"start": "00:29:36", "end": "00:29:41", "text": "Bitcoin chart. And it was a little bit"}, {"start": "00:29:38", "end": "00:29:42", "text": "it felt a little risky to say that ETH"}, {"start": "00:29:41", "end": "00:29:44", "text": "was going to have some fun."}, {"start": "00:29:42", "end": "00:29:46", "text": "And this is what I was talking about."}, {"start": "00:29:44", "end": "00:29:48", "text": "It's we're sitting here writhing around"}, {"start": "00:29:46", "end": "00:29:49", "text": "this bear market for Bitcoin's price"}, {"start": "00:29:48", "end": "00:29:51", "text": "action obviously."}, {"start": "00:29:49", "end": "00:29:54", "text": "But I called out and what's making its"}, {"start": "00:29:51", "end": "00:29:55", "text": "rounds on X now is the ETH to Bitcoin"}, {"start": "00:29:54", "end": "00:29:57", "text": "pairing."}, {"start": "00:29:55", "end": "00:30:00", "text": "And a downward channel that is now"}, {"start": "00:29:57", "end": "00:30:02", "text": "attempting to break out. And when I'm"}, {"start": "00:30:00", "end": "00:30:04", "text": "looking at this chart, you know a lot of"}, {"start": "00:30:02", "end": "00:30:07", "text": "the inclination of me knowing this"}, {"start": "00:30:04", "end": "00:30:09", "text": "didn't just come from this ETH to"}, {"start": "00:30:07", "end": "00:30:12", "text": "Bitcoin money flow. It actually"}, {"start": "00:30:09", "end": "00:30:15", "text": "originated with the understanding of how"}, {"start": "00:30:12", "end": "00:30:17", "text": "incredibly long Bitcoin has controlled"}, {"start": "00:30:15", "end": "00:30:20", "text": "the narrative. Longer than any portion"}, {"start": "00:30:17", "end": "00:30:23", "text": "in Bitcoin in crypto history honestly."}, {"start": "00:30:20", "end": "00:30:25", "text": "All based around this BlackRock ETF"}, {"start": "00:30:23", "end": "00:30:27", "text": "coming into play which we now have and"}, {"start": "00:30:25", "end": "00:30:30", "text": "may regret later on. Probably just an"}, {"start": "00:30:27", "end": "00:30:32", "text": "institutional adoption key. And Bitcoin"}, {"start": "00:30:30", "end": "00:30:34", "text": "strategic reserves dominating the"}, {"start": "00:30:32", "end": "00:30:37", "text": "headlines. That is why Bitcoin has"}, {"start": "00:30:34", "end": "00:30:41", "text": "remained in the absolute center point of"}, {"start": "00:30:37", "end": "00:30:44", "text": "focus within crypto. Now finally this"}, {"start": "00:30:41", "end": "00:30:47", "text": "Bitcoin to Ethereum pairing is playing"}, {"start": "00:30:44", "end": "00:30:50", "text": "out in a very, very bullish manner. Now,"}, {"start": "00:30:47", "end": "00:30:51", "text": "I wanted to highlight Quinton's Quinton"}, {"start": "00:30:50", "end": "00:30:52", "text": "his outlook on this. He's a great"}, {"start": "00:30:51", "end": "00:30:54", "text": "account follow. He's always putting out"}, {"start": "00:30:52", "end": "00:30:57", "text": "good information."}, {"start": "00:30:54", "end": "00:30:58", "text": "He is highlighting a retest down to the"}, {"start": "00:30:57", "end": "00:31:00", "text": "top end of this parallel channel would"}, {"start": "00:30:58", "end": "00:31:03", "text": "make a whole hell of a lot of a sense,"}, {"start": "00:31:00", "end": "00:31:05", "text": "and I do absolutely agree with that."}, {"start": "00:31:03", "end": "00:31:08", "text": "Usually, when you see a parallel channel"}, {"start": "00:31:05", "end": "00:31:09", "text": "breakout moment, you have to acknowledge"}, {"start": "00:31:08", "end": "00:31:11", "text": "that we are in a bear market, but that"}, {"start": "00:31:09", "end": "00:31:14", "text": "might have already happened because this"}, {"start": "00:31:11", "end": "00:31:16", "text": "ETH to Bitcoin pairing tapped the top"}, {"start": "00:31:14", "end": "00:31:18", "text": "end of the channel and has since rallied"}, {"start": "00:31:16", "end": "00:31:20", "text": "in a very, honestly,"}, {"start": "00:31:18", "end": "00:31:22", "text": "minimal manner, but you've seen that"}, {"start": "00:31:20", "end": "00:31:24", "text": "altcoins are now having a whole heck of"}, {"start": "00:31:22", "end": "00:31:28", "text": "a lot of fun. There's some big gainers"}, {"start": "00:31:24", "end": "00:31:30", "text": "on CoinMarketCap over the last 7 days"}, {"start": "00:31:28", "end": "00:31:32", "text": "for these altcoins,"}, {"start": "00:31:30", "end": "00:31:35", "text": "which a lot of people were writing off"}, {"start": "00:31:32", "end": "00:31:37", "text": "altcoins entirely because the entire and"}, {"start": "00:31:35", "end": "00:31:39", "text": "I understand why."}, {"start": "00:31:37", "end": "00:31:42", "text": "This entire space has been dominated by"}, {"start": "00:31:39", "end": "00:31:44", "text": "Bitcoin strategic reserve conversations"}, {"start": "00:31:42", "end": "00:31:47", "text": "and the BlackRock"}, {"start": "00:31:44", "end": "00:31:50", "text": "ETF. I understand why you think altcoins"}, {"start": "00:31:47", "end": "00:31:52", "text": "are dead forever, but there's a big"}, {"start": "00:31:50", "end": "00:31:54", "text": "reason why, not only for the monetary"}, {"start": "00:31:52", "end": "00:31:55", "text": "control mechanisms through stablecoins"}, {"start": "00:31:54", "end": "00:31:58", "text": "that the government can do with the"}, {"start": "00:31:55", "end": "00:31:59", "text": "Clarity Act, but also crypto innovation"}, {"start": "00:31:58", "end": "00:32:02", "text": "for companies that are trying to build"}, {"start": "00:31:59", "end": "00:32:04", "text": "new products here in the United States,"}, {"start": "00:32:02", "end": "00:32:05", "text": "and the United States doesn't want all"}, {"start": "00:32:04", "end": "00:32:08", "text": "of these companies to simply just go"}, {"start": "00:32:05", "end": "00:32:10", "text": "offshore into Southeast Asian markets."}, {"start": "00:32:08", "end": "00:32:12", "text": "And right now, Southeast Asian"}, {"start": "00:32:10", "end": "00:32:14", "text": "regulators are racing to the finish line"}, {"start": "00:32:12", "end": "00:32:17", "text": "to try to open these doors up before the"}, {"start": "00:32:14", "end": "00:32:19", "text": "US can do so, and that should be a main"}, {"start": "00:32:17", "end": "00:32:20", "text": "signal and indicator of where this"}, {"start": "00:32:19", "end": "00:32:23", "text": "market is actually headed. It's not"}, {"start": "00:32:20", "end": "00:32:25", "text": "going to zero. They're racing to be the"}, {"start": "00:32:23", "end": "00:32:27", "text": "first to strike in terms of crypto"}, {"start": "00:32:25", "end": "00:32:28", "text": "regulatory clarity across the planet."}, {"start": "00:32:27", "end": "00:32:29", "text": "So,"}, {"start": "00:32:28", "end": "00:32:31", "text": ">> Well, well, Drew, I want to show this as"}, {"start": "00:32:29", "end": "00:32:32", "text": "well. This is just a little sneak peek"}, {"start": "00:32:31", "end": "00:32:34", "text": "for people here. This is going to be"}, {"start": "00:32:32", "end": "00:32:37", "text": "available for people that are in school,"}, {"start": "00:32:34", "end": "00:32:39", "text": "by by way. This is a a platform that"}, {"start": "00:32:37", "end": "00:32:42", "text": "that I developed with our team basically"}, {"start": "00:32:39", "end": "00:32:45", "text": "to to look at markets, to also compare"}, {"start": "00:32:42", "end": "00:32:47", "text": "things, do use AI to not only analyze"}, {"start": "00:32:45", "end": "00:32:49", "text": "your portfolio, but also compare"}, {"start": "00:32:47", "end": "00:32:50", "text": "different assets and all kinds of stuff."}, {"start": "00:32:49", "end": "00:32:52", "text": "But what I'm looking at here is I"}, {"start": "00:32:50", "end": "00:32:54", "text": "basically came down here and I just"}, {"start": "00:32:52", "end": "00:32:55", "text": "selected a few assets and just look at"}, {"start": "00:32:54", "end": "00:32:57", "text": "how in tandem the crypto market's"}, {"start": "00:32:55", "end": "00:32:58", "text": "running. Now, what do you notice?"}, {"start": "00:32:57", "end": "00:32:59", "text": "There's the blue line here that's"}, {"start": "00:32:58", "end": "00:33:01", "text": "outpacing. Now, what is that? That's"}, {"start": "00:32:59", "end": "00:33:04", "text": "ETH. ETH had a bit of an inflection"}, {"start": "00:33:01", "end": "00:33:05", "text": "point here where it went low and now"}, {"start": "00:33:04", "end": "00:33:08", "text": "it's kind of buoying up and we're seeing"}, {"start": "00:33:05", "end": "00:33:10", "text": "that on the ETH the Bitcoin ratio where"}, {"start": "00:33:08", "end": "00:33:12", "text": "ETH is outperforming not only Bitcoin,"}, {"start": "00:33:10", "end": "00:33:14", "text": "uh but you know,"}, {"start": "00:33:12", "end": "00:33:16", "text": "it's really starting to buoy that that"}, {"start": "00:33:14", "end": "00:33:18", "text": "hope in the market. Now, why is that?"}, {"start": "00:33:16", "end": "00:33:20", "text": "Because ETH has such a exponentially"}, {"start": "00:33:18", "end": "00:33:22", "text": "larger market cap than the rest of the"}, {"start": "00:33:20", "end": "00:33:24", "text": "altcoins and of course Bitcoin has in a"}, {"start": "00:33:22", "end": "00:33:27", "text": "much larger market cap than ETH. So,"}, {"start": "00:33:24", "end": "00:33:28", "text": "those two are the ones that really drive"}, {"start": "00:33:27", "end": "00:33:31", "text": "what's going to happen in the crypto"}, {"start": "00:33:28", "end": "00:33:33", "text": "ecosystem. Now, we do have outliers. You"}, {"start": "00:33:31", "end": "00:33:34", "text": "know, we've talked a lot about hype"}, {"start": "00:33:33", "end": "00:33:36", "text": "Hyper Liquid over the last year. And"}, {"start": "00:33:34", "end": "00:33:39", "text": "that's because Hyper Liquid has carved"}, {"start": "00:33:36", "end": "00:33:40", "text": "itself into kind of its"}, {"start": "00:33:39", "end": "00:33:43", "text": "kind of its own narrative within the"}, {"start": "00:33:40", "end": "00:33:46", "text": "ecosystem at a dominant level and that"}, {"start": "00:33:43", "end": "00:33:48", "text": "is bridging liquidity access in both"}, {"start": "00:33:46", "end": "00:33:51", "text": "traditional markets and familiar things"}, {"start": "00:33:48", "end": "00:33:53", "text": "like oil and gold, right? Uh but in the"}, {"start": "00:33:51", "end": "00:33:55", "text": "crypto ecosystem. So, it's able to"}, {"start": "00:33:53", "end": "00:33:57", "text": "straddle something that's just outside"}, {"start": "00:33:55", "end": "00:33:59", "text": "of crypto, but it's also in traditional"}, {"start": "00:33:57", "end": "00:34:02", "text": "finance able to straddle something that"}, {"start": "00:33:59", "end": "00:34:03", "text": "has access to crypto. So, as a whole,"}, {"start": "00:34:02", "end": "00:34:06", "text": "we're seeing the market really kind of"}, {"start": "00:34:03", "end": "00:34:08", "text": "run in tandem, but ETH is starting to"}, {"start": "00:34:06", "end": "00:34:09", "text": "make a pretty big headway. But you guys"}, {"start": "00:34:08", "end": "00:34:10", "text": "are going to you guys are going to love"}, {"start": "00:34:09", "end": "00:34:12", "text": "this platform when you get into school."}, {"start": "00:34:10", "end": "00:34:13", "text": "It's one of the things that you're going"}, {"start": "00:34:12", "end": "00:34:14", "text": "to have access to when we release this"}, {"start": "00:34:13", "end": "00:34:17", "text": "in about a week or so."}, {"start": "00:34:14", "end": "00:34:19", "text": ">> Absolutely. You know, cuz when I when I"}, {"start": "00:34:17", "end": "00:34:21", "text": "compiled the list of all the websites"}, {"start": "00:34:19", "end": "00:34:23", "text": "that I use for tracking information in"}, {"start": "00:34:21", "end": "00:34:25", "text": "crypto,"}, {"start": "00:34:23", "end": "00:34:28", "text": "it's quite extensive and it did kind of"}, {"start": "00:34:25", "end": "00:34:31", "text": "it reminded me how ridiculous I am. But"}, {"start": "00:34:28", "end": "00:34:32", "text": "this tool, super excited. I'm super"}, {"start": "00:34:31", "end": "00:34:35", "text": "excited to have it at our fingertips and"}, {"start": "00:34:32", "end": "00:34:36", "text": "also I talked a little bit about you"}, {"start": "00:34:35", "end": "00:34:38", "text": "know companies going offshore and going"}, {"start": "00:34:36", "end": "00:34:40", "text": "and developing in Southeast Asia for"}, {"start": "00:34:38", "end": "00:34:42", "text": "crypto because the regulations are"}, {"start": "00:34:40", "end": "00:34:43", "text": "trying to beat the United States. We"}, {"start": "00:34:42", "end": "00:34:46", "text": "have companies that are coming in to the"}, {"start": "00:34:43", "end": "00:34:47", "text": "United States. Taiwan Semiconductor"}, {"start": "00:34:46", "end": "00:34:50", "text": "going to invest an additional hundred"}, {"start": "00:34:47", "end": "00:34:51", "text": "billion dollars into its Arizona chip"}, {"start": "00:34:50", "end": "00:34:53", "text": "plant."}, {"start": "00:34:51", "end": "00:34:56", "text": "And I've been talking about this for a"}, {"start": "00:34:53", "end": "00:34:59", "text": "very long time but anyone new to the"}, {"start": "00:34:56", "end": "00:35:01", "text": "channel this is Taiwan Semiconductor one"}, {"start": "00:34:59", "end": "00:35:04", "text": "of the largest semiconductor producers"}, {"start": "00:35:01", "end": "00:35:05", "text": "on the planet is building out an"}, {"start": "00:35:04", "end": "00:35:08", "text": "infrastructure of manufacturing"}, {"start": "00:35:05", "end": "00:35:12", "text": "facilities in Arizona and"}, {"start": "00:35:08", "end": "00:35:14", "text": "you know we say that there's no way that"}, {"start": "00:35:12", "end": "00:35:17", "text": "you know companies based in the US can"}, {"start": "00:35:14", "end": "00:35:21", "text": "compete with Taiwan Semiconductor"}, {"start": "00:35:17", "end": "00:35:23", "text": "production. TSM their production cost in"}, {"start": "00:35:21", "end": "00:35:26", "text": "Arizona for wafers is only about 12%"}, {"start": "00:35:23", "end": "00:35:29", "text": "more expensive to do in the US versus to"}, {"start": "00:35:26", "end": "00:35:31", "text": "do over right next to China. So I think"}, {"start": "00:35:29", "end": "00:35:34", "text": "that's a price that the American economy"}, {"start": "00:35:31", "end": "00:35:36", "text": "is willing to pay for sovereignty in the"}, {"start": "00:35:34", "end": "00:35:39", "text": "ability to produce these chips."}, {"start": "00:35:36", "end": "00:35:42", "text": "And I really think that you know kind of"}, {"start": "00:35:39", "end": "00:35:46", "text": "the hyperbole about the end of the world"}, {"start": "00:35:42", "end": "00:35:49", "text": "coming if we see China absorb Taiwan."}, {"start": "00:35:46", "end": "00:35:51", "text": "I I just kind of doubt that. I I think"}, {"start": "00:35:49", "end": "00:35:52", "text": "it's going to happen but I think it's"}, {"start": "00:35:51", "end": "00:35:54", "text": "going to happen in an economic manner. I"}, {"start": "00:35:52", "end": "00:35:56", "text": "and also"}, {"start": "00:35:54", "end": "00:35:58", "text": "by the end of all this I think China's"}, {"start": "00:35:56", "end": "00:36:00", "text": "going to go back to re-insulating their"}, {"start": "00:35:58", "end": "00:36:02", "text": "expansionary measures that they've been"}, {"start": "00:36:00", "end": "00:36:04", "text": "doing. And usually historically speaking"}, {"start": "00:36:02", "end": "00:36:07", "text": "China has been a very conservative"}, {"start": "00:36:04", "end": "00:36:08", "text": "insulated uh culture and economy. I"}, {"start": "00:36:07", "end": "00:36:10", "text": "think"}, {"start": "00:36:08", "end": "00:36:12", "text": ">> know China has China has an advantage"}, {"start": "00:36:10", "end": "00:36:14", "text": "over the US as well that a lot of people"}, {"start": "00:36:12", "end": "00:36:17", "text": "don't realize and that is and I'm not"}, {"start": "00:36:14", "end": "00:36:18", "text": "saying this is right by any means but"}, {"start": "00:36:17", "end": "00:36:20", "text": "the fact that the way their government"}, {"start": "00:36:18", "end": "00:36:22", "text": "set up is"}, {"start": "00:36:20", "end": "00:36:25", "text": "uh in their culture they they can set a"}, {"start": "00:36:22", "end": "00:36:29", "text": "plan in motion and patience in motion"}, {"start": "00:36:25", "end": "00:36:34", "text": "for 15 20 hundred 200 year goals because"}, {"start": "00:36:29", "end": "00:36:37", "text": "they have very consistent cohesion of"}, {"start": "00:36:34", "end": "00:36:39", "text": "not you know, a 2-year, 4-year political"}, {"start": "00:36:37", "end": "00:36:41", "text": "rotation administration cycle. Where"}, {"start": "00:36:39", "end": "00:36:42", "text": "here in the US, I love our country, you"}, {"start": "00:36:41", "end": "00:36:44", "text": "know, I love our country, I love our"}, {"start": "00:36:42", "end": "00:36:46", "text": "democracy, you know, Democratic"}, {"start": "00:36:44", "end": "00:36:48", "text": "Republic, blah. But at the same time,"}, {"start": "00:36:46", "end": "00:36:49", "text": "you can have a complete goal set that"}, {"start": "00:36:48", "end": "00:36:51", "text": "you're working towards for 2 and 1/2"}, {"start": "00:36:49", "end": "00:36:54", "text": "year Let's be honest, nothing is longer"}, {"start": "00:36:51", "end": "00:36:56", "text": "than a 2 and 1/2 year plan because as"}, {"start": "00:36:54", "end": "00:36:58", "text": "soon as 2 and 1/2 years elapses,"}, {"start": "00:36:56", "end": "00:37:00", "text": "whoever's the the the political machines"}, {"start": "00:36:58", "end": "00:37:02", "text": "are already working"}, {"start": "00:37:00", "end": "00:37:04", "text": "90% of their time towards the next"}, {"start": "00:37:02", "end": "00:37:06", "text": "election versus you know, maintaining"}, {"start": "00:37:04", "end": "00:37:07", "text": "the goals of what they were trying to to"}, {"start": "00:37:06", "end": "00:37:09", "text": "work towards. And then you get, you"}, {"start": "00:37:07", "end": "00:37:10", "text": "know, a different administration in"}, {"start": "00:37:09", "end": "00:37:13", "text": "place and if it's a different political"}, {"start": "00:37:10", "end": "00:37:14", "text": "party, and it could be Republican into"}, {"start": "00:37:13", "end": "00:37:17", "text": "Democrat or Democrat to Republican, it"}, {"start": "00:37:14", "end": "00:37:19", "text": "goes both ways. It's stupid as [�__�] that"}, {"start": "00:37:17", "end": "00:37:21", "text": "all of a sudden, you have a new"}, {"start": "00:37:19", "end": "00:37:23", "text": "administration and you know,"}, {"start": "00:37:21", "end": "00:37:25", "text": "the rest of the world is like, \"Okay, I"}, {"start": "00:37:23", "end": "00:37:27", "text": "don't like these regulations. I'll wait"}, {"start": "00:37:25", "end": "00:37:29", "text": "3 years, 4 years, and I know it's going"}, {"start": "00:37:27", "end": "00:37:33", "text": "to flip back to our favor anyway.\" So,"}, {"start": "00:37:29", "end": "00:37:36", "text": "we have a lot of lack of consistency of"}, {"start": "00:37:33", "end": "00:37:38", "text": "vision for for for long-established"}, {"start": "00:37:36", "end": "00:37:39", "text": "goals to really be worked towards."}, {"start": "00:37:38", "end": "00:37:41", "text": ">> Right."}, {"start": "00:37:39", "end": "00:37:43", "text": "Well, you know, this is something that I"}, {"start": "00:37:41", "end": "00:37:45", "text": "think as I said, I feel like crypto and"}, {"start": "00:37:43", "end": "00:37:46", "text": "the innovation of crypto is an"}, {"start": "00:37:45", "end": "00:37:49", "text": "unstoppable force,"}, {"start": "00:37:46", "end": "00:37:52", "text": "but it's meeting this sticking point of"}, {"start": "00:37:49", "end": "00:37:54", "text": "government regulations. And I do think"}, {"start": "00:37:52", "end": "00:37:56", "text": "we'll overcome this, but it's going to"}, {"start": "00:37:54", "end": "00:37:58", "text": "take some time. And Kelly, I saw some"}, {"start": "00:37:56", "end": "00:38:01", "text": "reports about"}, {"start": "00:37:58", "end": "00:38:03", "text": "how hot it is, the heatwave going on."}, {"start": "00:38:01", "end": "00:38:04", "text": "And then I pull up and I open up X, I'm"}, {"start": "00:38:03", "end": "00:38:06", "text": "going through, just making sure I'm not"}, {"start": "00:38:04", "end": "00:38:10", "text": "missing any information, and I come"}, {"start": "00:38:06", "end": "00:38:13", "text": "across this. Your dog, Ollie."}, {"start": "00:38:10", "end": "00:38:15", "text": "What is going on in the household of the"}, {"start": "00:38:13", "end": "00:38:16", "text": "Kellum right now with the pooch? Just a"}, {"start": "00:38:15", "end": "00:38:18", "text": "quick ask."}, {"start": "00:38:16", "end": "00:38:20", "text": ">> Well, she got she got dog of the week at"}, {"start": "00:38:18", "end": "00:38:22", "text": "the the spot that I was taking her for"}, {"start": "00:38:20", "end": "00:38:24", "text": "doggy daycare, and the next day got"}, {"start": "00:38:22", "end": "00:38:25", "text": "expelled. So, she's hanging out with me"}, {"start": "00:38:24", "end": "00:38:27", "text": "all day long every day while I'm working"}, {"start": "00:38:25", "end": "00:38:29", "text": "staring at me like, \"Play with me.\" So,"}, {"start": "00:38:27", "end": "00:38:31", "text": "I was playing with her yesterday outside"}, {"start": "00:38:29", "end": "00:38:34", "text": "and it was we've had a, you know, a week"}, {"start": "00:38:31", "end": "00:38:36", "text": "or two of many days that are 108, 110,"}, {"start": "00:38:34", "end": "00:38:39", "text": "112 degrees."}, {"start": "00:38:36", "end": "00:38:41", "text": "Um, and she finally yesterday, this is"}, {"start": "00:38:39", "end": "00:38:42", "text": "literally 10 minutes after she figured"}, {"start": "00:38:41", "end": "00:38:45", "text": "it out, she figured out that she could"}, {"start": "00:38:42", "end": "00:38:47", "text": "sit in front of the fan and she looks"}, {"start": "00:38:45", "end": "00:38:48", "text": "like she's just she's so happy that she"}, {"start": "00:38:47", "end": "00:38:50", "text": "found that fan."}, {"start": "00:38:48", "end": "00:38:51", "text": ">> She's living her best life and she's"}, {"start": "00:38:50", "end": "00:38:53", "text": "she's looking like an altcoin investor"}, {"start": "00:38:51", "end": "00:38:55", "text": "that got in before the next major pump."}, {"start": "00:38:53", "end": "00:38:57", "text": "Here's what I'm showing you"}, {"start": "00:38:55", "end": "00:38:58", "text": "is the others to Bitcoin chart and I"}, {"start": "00:38:57", "end": "00:39:01", "text": "love"}, {"start": "00:38:58", "end": "00:39:04", "text": "what I'm seeing here. This is"}, {"start": "00:39:01", "end": "00:39:07", "text": "a a big stack of information, but others"}, {"start": "00:39:04", "end": "00:39:09", "text": "to Bitcoin, this is a ratio total market"}, {"start": "00:39:07", "end": "00:39:12", "text": "cap of crypto"}, {"start": "00:39:09", "end": "00:39:13", "text": "of the top end of Bitcoin. So, this is"}, {"start": "00:39:12", "end": "00:39:15", "text": "everything but Bitcoin and kind of the"}, {"start": "00:39:13", "end": "00:39:17", "text": "majors. This is the little"}, {"start": "00:39:15", "end": "00:39:19", "text": ">> It's everything It's everything below"}, {"start": "00:39:17", "end": "00:39:20", "text": "and you look at CoinMarketCap, cut out"}, {"start": "00:39:19", "end": "00:39:21", "text": "the top 10."}, {"start": "00:39:20", "end": "00:39:24", "text": "Everything else."}, {"start": "00:39:21", "end": "00:39:26", "text": ">> Right. Everything like the Zcash, the"}, {"start": "00:39:24", "end": "00:39:27", "text": "Unis, the Stellar, the Chainlink, all of"}, {"start": "00:39:26", "end": "00:39:29", "text": "that good stuff. Now"}, {"start": "00:39:27", "end": "00:39:32", "text": ">> Not accounting for Ethereum or, you"}, {"start": "00:39:29", "end": "00:39:36", "text": "know, the Solana. It's all the others."}, {"start": "00:39:32", "end": "00:39:39", "text": ">> This is stupid bullish to me because"}, {"start": "00:39:36", "end": "00:39:42", "text": "overlaid on this is the visual uh"}, {"start": "00:39:39", "end": "00:39:44", "text": "visual volume pros profile. The the"}, {"start": "00:39:42", "end": "00:39:46", "text": "place where the most action has happened"}, {"start": "00:39:44", "end": "00:39:48", "text": "in this volume node and the point of"}, {"start": "00:39:46", "end": "00:39:52", "text": "control in the white line,"}, {"start": "00:39:48", "end": "00:39:54", "text": "this is comes deep for altcoins. This is"}, {"start": "00:39:52", "end": "00:39:57", "text": "telling me altcoins have pulled over and"}, {"start": "00:39:54", "end": "00:39:59", "text": "they cannot pull over any further. And"}, {"start": "00:39:57", "end": "00:40:02", "text": "now we're starting to break out of a"}, {"start": "00:39:59", "end": "00:40:04", "text": "descending wedge. The last time the"}, {"start": "00:40:02", "end": "00:40:06", "text": "others chart broke out of the same kind"}, {"start": "00:40:04", "end": "00:40:10", "text": "of descending wedge pattern,"}, {"start": "00:40:06", "end": "00:40:12", "text": "these altcoins ended up rallying against"}, {"start": "00:40:10", "end": "00:40:14", "text": "uh you know, kind of the majors by about"}, {"start": "00:40:12", "end": "00:40:16", "text": "477%."}, {"start": "00:40:14", "end": "00:40:19", "text": "So, this is setting up a situation"}, {"start": "00:40:16", "end": "00:40:21", "text": "in a long-term view where actually you"}, {"start": "00:40:19", "end": "00:40:23", "text": "know, the deep guts that have been you"}, {"start": "00:40:21", "end": "00:40:25", "text": "know, kind of found in October 10th with"}, {"start": "00:40:23", "end": "00:40:27", "text": "that mass liquidation level in this"}, {"start": "00:40:25", "end": "00:40:31", "text": "grinding bear market are now being"}, {"start": "00:40:27", "end": "00:40:32", "text": "discovered and this is why you know,"}, {"start": "00:40:31", "end": "00:40:34", "text": "I've seen some of these signals going"}, {"start": "00:40:32", "end": "00:40:36", "text": "off and I'm starting to layer"}, {"start": "00:40:34", "end": "00:40:37", "text": "back into all coins. I'm super excited"}, {"start": "00:40:36", "end": "00:40:39", "text": "about it."}, {"start": "00:40:37", "end": "00:40:42", "text": ">> let's not forget that Larry Fink"}, {"start": "00:40:39", "end": "00:40:44", "text": "himself, you know, BlackRock is now over"}, {"start": "00:40:42", "end": "00:40:44", "text": "$15 trillion in assets under management,"}, {"start": "00:40:44", "end": "00:40:45", "text": "right?"}, {"start": "00:40:44", "end": "00:40:45", "text": ">> Mhm."}, {"start": "00:40:45", "end": "00:40:49", "text": ">> Uh"}, {"start": "00:40:45", "end": "00:40:53", "text": "biggest in history and over a year ago"}, {"start": "00:40:49", "end": "00:40:55", "text": "he made pretty catalyzing statements. Uh"}, {"start": "00:40:53", "end": "00:40:57", "text": "very assured that the market was moving"}, {"start": "00:40:55", "end": "00:40:59", "text": "towards everything being tokenized. So,"}, {"start": "00:40:57", "end": "00:41:01", "text": "when we're looking at when we're looking"}, {"start": "00:40:59", "end": "00:41:04", "text": "at that others chart right now and we"}, {"start": "00:41:01", "end": "00:41:06", "text": "see, well, how how can it really is it"}, {"start": "00:41:04", "end": "00:41:07", "text": "is it really going to perform like that?"}, {"start": "00:41:06", "end": "00:41:09", "text": "Are we going to get some sort of"}, {"start": "00:41:07", "end": "00:41:10", "text": "breakout? We're not just talking about"}, {"start": "00:41:09", "end": "00:41:11", "text": "US, we're talking about India, we're"}, {"start": "00:41:10", "end": "00:41:13", "text": "talking about China, we're talking about"}, {"start": "00:41:11", "end": "00:41:15", "text": "Australia, we're talking about Europe,"}, {"start": "00:41:13", "end": "00:41:17", "text": "we're talking about the world really"}, {"start": "00:41:15", "end": "00:41:19", "text": "moving at what feels like a snail's"}, {"start": "00:41:17", "end": "00:41:22", "text": "pace, but historically speaking we're"}, {"start": "00:41:19", "end": "00:41:24", "text": "moving at lightning speed to get in real"}, {"start": "00:41:22", "end": "00:41:27", "text": "estate tokenized, to getting stock"}, {"start": "00:41:24", "end": "00:41:28", "text": "markets globally tokenized. Uh and for"}, {"start": "00:41:27", "end": "00:41:29", "text": "that to be the case, you're going to"}, {"start": "00:41:28", "end": "00:41:31", "text": "have things like Canton Network, you're"}, {"start": "00:41:29", "end": "00:41:32", "text": "going to have things like Chainlink,"}, {"start": "00:41:31", "end": "00:41:34", "text": "you're going to have things like not"}, {"start": "00:41:32", "end": "00:41:36", "text": "just the top level Solana and Ethereum"}, {"start": "00:41:34", "end": "00:41:37", "text": "but there's going to be assets that we"}, {"start": "00:41:36", "end": "00:41:39", "text": "haven't even heard of yet. They're going"}, {"start": "00:41:37", "end": "00:41:41", "text": "to be so far down the the leaderboard"}, {"start": "00:41:39", "end": "00:41:42", "text": "that are going to have the right"}, {"start": "00:41:41", "end": "00:41:44", "text": "partnerships, they're going to have some"}, {"start": "00:41:42", "end": "00:41:45", "text": "pretty amazing movements to the upside,"}, {"start": "00:41:44", "end": "00:41:46", "text": "but I'll throw back to you cuz I know we"}, {"start": "00:41:45", "end": "00:41:47", "text": "got a guest"}, {"start": "00:41:46", "end": "00:41:48", "text": ">> Yes."}, {"start": "00:41:47", "end": "00:41:49", "text": ">> diving into some stuff."}, {"start": "00:41:48", "end": "00:41:51", "text": ">> Absolutely. And I'm pretty excited about"}, {"start": "00:41:49", "end": "00:41:53", "text": "this guest. So, it's just you know, I"}, {"start": "00:41:51", "end": "00:41:57", "text": "prove you know, what I respect is I"}, {"start": "00:41:53", "end": "00:42:01", "text": "respect crypto analysts that"}, {"start": "00:41:57", "end": "00:42:03", "text": "constantly cover network expansion and"}, {"start": "00:42:01", "end": "00:42:06", "text": "what real-world use case can look like"}, {"start": "00:42:03", "end": "00:42:08", "text": "for crypto especially in a bear market."}, {"start": "00:42:06", "end": "00:42:10", "text": "They're not fair-weather fans here just"}, {"start": "00:42:08", "end": "00:42:12", "text": "for when the time is good, right? Trying"}, {"start": "00:42:10", "end": "00:42:14", "text": "to harvest all the views because"}, {"start": "00:42:12", "end": "00:42:16", "text": "everyone's trying to go chase giant"}, {"start": "00:42:14", "end": "00:42:19", "text": "green candles of the bull markets to"}, {"start": "00:42:16", "end": "00:42:21", "text": "come and it happens time and time again."}, {"start": "00:42:19", "end": "00:42:23", "text": "And I came across a fella"}, {"start": "00:42:21", "end": "00:42:25", "text": "his name is Scott. I'm going to bring"}, {"start": "00:42:23", "end": "00:42:28", "text": "him up here. Mr. Scott and I'll kill my"}, {"start": "00:42:25", "end": "00:42:30", "text": "other camera so I can get Kelly on here."}, {"start": "00:42:28", "end": "00:42:32", "text": "Um if he wants to join me Scott uh"}, {"start": "00:42:30", "end": "00:42:36", "text": "hopefully your microphone's working man."}, {"start": "00:42:32", "end": "00:42:37", "text": "I was just browsing the internet and"}, {"start": "00:42:36", "end": "00:42:40", "text": "you know, on this channel I've"}, {"start": "00:42:37", "end": "00:42:42", "text": "definitely covered Canton that work and"}, {"start": "00:42:40", "end": "00:42:45", "text": "I've covered I mean this channel's kind"}, {"start": "00:42:42", "end": "00:42:49", "text": "of notorious for covering XRP when the"}, {"start": "00:42:45", "end": "00:42:51", "text": "glamorous kind of uh miracle movement"}, {"start": "00:42:49", "end": "00:42:53", "text": "for XRP was being sought after in the"}, {"start": "00:42:51", "end": "00:42:57", "text": "last few bull markets here."}, {"start": "00:42:53", "end": "00:43:01", "text": "And I just absolutely enjoyed listening"}, {"start": "00:42:57", "end": "00:43:03", "text": "to your take on tokenized assets and"}, {"start": "00:43:01", "end": "00:43:06", "text": "really some of the confusion that's been"}, {"start": "00:43:03", "end": "00:43:09", "text": "going on around the DTCC rollout. And"}, {"start": "00:43:06", "end": "00:43:10", "text": "really what everything means but first"}, {"start": "00:43:09", "end": "00:43:12", "text": "and foremost I want to give you a chance"}, {"start": "00:43:10", "end": "00:43:14", "text": "to introduce yourself to everyone. I"}, {"start": "00:43:12", "end": "00:43:17", "text": "know that your channel is"}, {"start": "00:43:14", "end": "00:43:18", "text": "uh long view compute here. Um Scott"}, {"start": "00:43:17", "end": "00:43:20", "text": "Long."}, {"start": "00:43:18", "end": "00:43:22", "text": "Uh please take the floor and and give a"}, {"start": "00:43:20", "end": "00:43:24", "text": "quick synopsis of everything you've been"}, {"start": "00:43:22", "end": "00:43:28", "text": "up to in this bear market my man."}, {"start": "00:43:24", "end": "00:43:30", "text": ">> Uh yeah. So my my journey has been"}, {"start": "00:43:28", "end": "00:43:33", "text": "exactly that. It's been a journey and"}, {"start": "00:43:30", "end": "00:43:34", "text": "because my belief is investing in crypto"}, {"start": "00:43:33", "end": "00:43:36", "text": "for the long term, right? What's going"}, {"start": "00:43:34", "end": "00:43:39", "text": "to be 5 years from now, 10 years from"}, {"start": "00:43:36", "end": "00:43:40", "text": "now, not necessarily what's going to be"}, {"start": "00:43:39", "end": "00:43:43", "text": "uh you know, a few weeks down the road"}, {"start": "00:43:40", "end": "00:43:45", "text": "or even this next bull run. But when I"}, {"start": "00:43:43", "end": "00:43:48", "text": "got involved with crypto my thought"}, {"start": "00:43:45", "end": "00:43:50", "text": "process was I wanted to align or find"}, {"start": "00:43:48", "end": "00:43:54", "text": "something that aligned with institutions"}, {"start": "00:43:50", "end": "00:43:56", "text": "because my belief was that institutions,"}, {"start": "00:43:54", "end": "00:43:58", "text": "governments, all these things would roll"}, {"start": "00:43:56", "end": "00:44:02", "text": "tanks into the street before they gave"}, {"start": "00:43:58", "end": "00:44:05", "text": "up control of fiscal currency or policy."}, {"start": "00:44:02", "end": "00:44:07", "text": "I just never thought that traditional"}, {"start": "00:44:05", "end": "00:44:09", "text": "finance was going to come in and do it."}, {"start": "00:44:07", "end": "00:44:11", "text": "DeFi's way."}, {"start": "00:44:09", "end": "00:44:13", "text": "So, I was trying to align with projects"}, {"start": "00:44:11", "end": "00:44:15", "text": "that were targeting institutions cuz"}, {"start": "00:44:13", "end": "00:44:18", "text": "that's where the money is. And in the"}, {"start": "00:44:15", "end": "00:44:20", "text": "process of that and working with XRP, I"}, {"start": "00:44:18", "end": "00:44:23", "text": "had my own views on it that weren't"}, {"start": "00:44:20", "end": "00:44:26", "text": "necessarily crazy high prices."}, {"start": "00:44:23", "end": "00:44:28", "text": "Um but in that process, I came across"}, {"start": "00:44:26", "end": "00:44:29", "text": "the Canton network. And the more I"}, {"start": "00:44:28", "end": "00:44:30", "text": "learned about the Canton network, how"}, {"start": "00:44:29", "end": "00:44:33", "text": "they were doing things, their"}, {"start": "00:44:30", "end": "00:44:35", "text": "partnerships, who was backing them, the"}, {"start": "00:44:33", "end": "00:44:38", "text": "tokenomics of their token, and how it"}, {"start": "00:44:35", "end": "00:44:39", "text": "actually returns value back to the"}, {"start": "00:44:38", "end": "00:44:42", "text": "customer."}, {"start": "00:44:39", "end": "00:44:45", "text": "And the more I got involved and the more"}, {"start": "00:44:42", "end": "00:44:46", "text": "I learned about it, I decided to take it"}, {"start": "00:44:45", "end": "00:44:49", "text": "to the next step and started actually"}, {"start": "00:44:46", "end": "00:44:52", "text": "building a community app on the Canton"}, {"start": "00:44:49", "end": "00:44:54", "text": "network. And that gave me exposure to"}, {"start": "00:44:52", "end": "00:44:55", "text": "other founders and builders on the"}, {"start": "00:44:54", "end": "00:44:55", "text": "Canton network, which"}, {"start": "00:44:55", "end": "00:44:58", "text": ">> Shout you."}, {"start": "00:44:55", "end": "00:45:01", "text": ">> having them on the channel just"}, {"start": "00:44:58", "end": "00:45:03", "text": "again brings more information, more uh"}, {"start": "00:45:01", "end": "00:45:05", "text": "social proof for viewers that"}, {"start": "00:45:03", "end": "00:45:07", "text": "I actually believe what I'm talking"}, {"start": "00:45:05", "end": "00:45:08", "text": "about and have the sources to back it."}, {"start": "00:45:07", "end": "00:45:10", "text": ">> [laughter]"}, {"start": "00:45:08", "end": "00:45:13", "text": ">> So, um it's it's definitely been a"}, {"start": "00:45:10", "end": "00:45:17", "text": "journey, but it started as uh long-term"}, {"start": "00:45:13", "end": "00:45:18", "text": "investor in crypto looking at XRP. And"}, {"start": "00:45:17", "end": "00:45:19", "text": "transitioned all the way here."}, {"start": "00:45:18", "end": "00:45:23", "text": ">> And that's kind of where it started for"}, {"start": "00:45:19", "end": "00:45:25", "text": "me, too. I remember uh 2020 in the big"}, {"start": "00:45:23", "end": "00:45:27", "text": "uh kind of lockdown crash, XRP was one"}, {"start": "00:45:25", "end": "00:45:29", "text": "of the first"}, {"start": "00:45:27", "end": "00:45:31", "text": "four projects that I YOLO'd into, right?"}, {"start": "00:45:29", "end": "00:45:33", "text": "And it's been exciting. And obviously,"}, {"start": "00:45:31", "end": "00:45:34", "text": "there's still some movement on the"}, {"start": "00:45:33", "end": "00:45:37", "text": "markets. First, I I definitely want to"}, {"start": "00:45:34", "end": "00:45:40", "text": "dig in the Canton, but um we're seeing"}, {"start": "00:45:37", "end": "00:45:44", "text": "things like this with uh Ondo."}, {"start": "00:45:40", "end": "00:45:46", "text": "Ondo's making a move off of the DTCC"}, {"start": "00:45:44", "end": "00:45:49", "text": "backed tokenized stock representation,"}, {"start": "00:45:46", "end": "00:45:51", "text": "and it's pushing Ondo's price up about"}, {"start": "00:45:49", "end": "00:45:52", "text": "13.3%"}, {"start": "00:45:51", "end": "00:45:54", "text": "today."}, {"start": "00:45:52", "end": "00:45:56", "text": "I've, you know, I was able to trade and"}, {"start": "00:45:54", "end": "00:45:58", "text": "make really good gains off of Ondo just"}, {"start": "00:45:56", "end": "00:45:59", "text": "because the hype was there last bull"}, {"start": "00:45:58", "end": "00:46:02", "text": "cycle."}, {"start": "00:45:59", "end": "00:46:03", "text": "And now, you know, that I've looked at"}, {"start": "00:46:02", "end": "00:46:05", "text": "uh"}, {"start": "00:46:03", "end": "00:46:07", "text": "the Ondo chart kind of degrade over the"}, {"start": "00:46:05", "end": "00:46:09", "text": "past few months here."}, {"start": "00:46:07", "end": "00:46:11", "text": "You know, I I do leave an asterisk that"}, {"start": "00:46:09", "end": "00:46:13", "text": "things can change in terms of value"}, {"start": "00:46:11", "end": "00:46:15", "text": "capture. But this displeases me. You"}, {"start": "00:46:13", "end": "00:46:18", "text": "know, to see"}, {"start": "00:46:15", "end": "00:46:21", "text": "a coin essentially lose the October 10th"}, {"start": "00:46:18", "end": "00:46:23", "text": "no market makers involved wick and drop"}, {"start": "00:46:21", "end": "00:46:26", "text": "below this structural point. I mean,"}, {"start": "00:46:23", "end": "00:46:28", "text": "essentially it's coming back down to"}, {"start": "00:46:26", "end": "00:46:29", "text": "basically release levels. Even with the"}, {"start": "00:46:28", "end": "00:46:31", "text": "pump today,"}, {"start": "00:46:29", "end": "00:46:34", "text": "it's come back down to release levels."}, {"start": "00:46:31", "end": "00:46:36", "text": "And you know, I I First I kind of I want"}, {"start": "00:46:34", "end": "00:46:36", "text": "to dig into Canton, absolutely."}, {"start": "00:46:36", "end": "00:46:39", "text": ">> Right."}, {"start": "00:46:36", "end": "00:46:41", "text": ">> But do you think that I I feel like"}, {"start": "00:46:39", "end": "00:46:44", "text": "there's room for change in Ondo if there"}, {"start": "00:46:41", "end": "00:46:46", "text": "is an ability to change how value is"}, {"start": "00:46:44", "end": "00:46:48", "text": "captured? What is your take on Ondo?"}, {"start": "00:46:46", "end": "00:46:50", "text": "Because this is one of the bells of the"}, {"start": "00:46:48", "end": "00:46:52", "text": "ball in the last bull cycle. And"}, {"start": "00:46:50", "end": "00:46:54", "text": "obviously tokenized assets are real."}, {"start": "00:46:52", "end": "00:46:55", "text": "What do you think about this?"}, {"start": "00:46:54", "end": "00:46:58", "text": ">> I I completely agree with you and you're"}, {"start": "00:46:55", "end": "00:47:01", "text": "touching on the the perfect point. Ondo"}, {"start": "00:46:58", "end": "00:47:03", "text": "was included with the DTCC yesterday."}, {"start": "00:47:01", "end": "00:47:04", "text": "Ondo Finance was listed and that's"}, {"start": "00:47:03", "end": "00:47:06", "text": "probably why they're getting a pump"}, {"start": "00:47:04", "end": "00:47:07", "text": "today, I'm guessing. But"}, {"start": "00:47:06", "end": "00:47:10", "text": ">> Mhm."}, {"start": "00:47:07", "end": "00:47:13", "text": ">> there's no value capture to the token."}, {"start": "00:47:10", "end": "00:47:14", "text": "Like Ondo Finance can do great for days,"}, {"start": "00:47:13", "end": "00:47:17", "text": "but as it stands right now, it's just"}, {"start": "00:47:14", "end": "00:47:18", "text": "governance. And it doesn't burn or or do"}, {"start": "00:47:17", "end": "00:47:20", "text": "anything and that they're still"}, {"start": "00:47:18", "end": "00:47:22", "text": "releasing tokens, so it's"}, {"start": "00:47:20", "end": "00:47:24", "text": "technically still inflationary. We have"}, {"start": "00:47:22", "end": "00:47:25", "text": "to worry about dilution."}, {"start": "00:47:24", "end": "00:47:29", "text": "And I think a lot of people didn't"}, {"start": "00:47:25", "end": "00:47:33", "text": "account for dilution with these ISO"}, {"start": "00:47:29", "end": "00:47:35", "text": "20022 tokens because there's no burning"}, {"start": "00:47:33", "end": "00:47:38", "text": "of the supply. So even though some of"}, {"start": "00:47:35", "end": "00:47:39", "text": "them are capped supplies, um"}, {"start": "00:47:38", "end": "00:47:41", "text": "even even though they're capped"}, {"start": "00:47:39", "end": "00:47:43", "text": "supplies, as we're investing in them"}, {"start": "00:47:41", "end": "00:47:45", "text": "now, if there's no scarcity being"}, {"start": "00:47:43", "end": "00:47:47", "text": "created on the token, the entire"}, {"start": "00:47:45", "end": "00:47:49", "text": "market's just being diluted. That's why"}, {"start": "00:47:47", "end": "00:47:51", "text": "many of the prices are lower or the"}, {"start": "00:47:49", "end": "00:47:53", "text": "same, but the market cap has grown."}, {"start": "00:47:51", "end": "00:47:54", "text": ">> Absolutely. And like, you know, kind of"}, {"start": "00:47:53", "end": "00:47:58", "text": "in the XRP realm, one of the best"}, {"start": "00:47:54", "end": "00:48:00", "text": "examples is Algorand, right? It's uh"}, {"start": "00:47:58", "end": "00:48:04", "text": "Algorand is sitting at a much higher"}, {"start": "00:48:00", "end": "00:48:07", "text": "market cap than it was in 2020, but the"}, {"start": "00:48:04", "end": "00:48:09", "text": "price per token is well below what it"}, {"start": "00:48:07", "end": "00:48:10", "text": "was even before its glow up, right? I"}, {"start": "00:48:09", "end": "00:48:11", "text": "mean, this is"}, {"start": "00:48:10", "end": "00:48:13", "text": ">> Exactly."}, {"start": "00:48:11", "end": "00:48:14", "text": ">> Exactly what you're talking about. So,"}, {"start": "00:48:13", "end": "00:48:16", "text": "and and that's another thing that I"}, {"start": "00:48:14", "end": "00:48:19", "text": "appreciated when I randomly stumbled"}, {"start": "00:48:16", "end": "00:48:21", "text": "into your channel is that you were"}, {"start": "00:48:19", "end": "00:48:23", "text": "choosing economic reality violence on"}, {"start": "00:48:21", "end": "00:48:26", "text": "some of the disillusionment that's"}, {"start": "00:48:23", "end": "00:48:28", "text": "happening out there in the altcoin cuz"}, {"start": "00:48:26", "end": "00:48:29", "text": "these graphs are exciting to look at and"}, {"start": "00:48:28", "end": "00:48:32", "text": "there's a lot of people punching in"}, {"start": "00:48:29", "end": "00:48:35", "text": "numbers on what happens if Algo goes"}, {"start": "00:48:32", "end": "00:48:37", "text": "back to the $2, $3 range, how much money"}, {"start": "00:48:35", "end": "00:48:38", "text": "they would have from there. So, you"}, {"start": "00:48:37", "end": "00:48:41", "text": "know, I wanted this conversation kind of"}, {"start": "00:48:38", "end": "00:48:42", "text": "be more grounded in reality and"}, {"start": "00:48:41", "end": "00:48:44", "text": "I can tell that you know you're"}, {"start": "00:48:42", "end": "00:48:47", "text": "you know how to move the sticks around"}, {"start": "00:48:44", "end": "00:48:50", "text": "and understand what's largely going on"}, {"start": "00:48:47", "end": "00:48:52", "text": "in on the big picture, kind of the"}, {"start": "00:48:50", "end": "00:48:54", "text": "strategic importance of"}, {"start": "00:48:52", "end": "00:48:57", "text": "the long-term impact of the DTC's"}, {"start": "00:48:54", "end": "00:49:02", "text": "involvements in crypto, be it Canton"}, {"start": "00:48:57", "end": "00:49:04", "text": "Network, XRP, Stellar, or Ondo."}, {"start": "00:49:02", "end": "00:49:07", "text": "Are we looking, in your opinion, at"}, {"start": "00:49:04", "end": "00:49:11", "text": "tokenized real-world assets, these RWAs,"}, {"start": "00:49:07", "end": "00:49:13", "text": "finally bridging full on into mainstream"}, {"start": "00:49:11", "end": "00:49:16", "text": "clearing and settlement, or are we still"}, {"start": "00:49:13", "end": "00:49:17", "text": "in this incremental, we're going to test"}, {"start": "00:49:16", "end": "00:49:20", "text": "it phase and make sure that it works for"}, {"start": "00:49:17", "end": "00:49:22", "text": "a few years before finally making that"}, {"start": "00:49:20", "end": "00:49:24", "text": "transition, in your opinion?"}, {"start": "00:49:22", "end": "00:49:25", "text": ">> Well,"}, {"start": "00:49:24", "end": "00:49:28", "text": "it depends on what you're looking at. If"}, {"start": "00:49:25", "end": "00:49:29", "text": "you're looking at press releases,"}, {"start": "00:49:28", "end": "00:49:31", "text": "and this is the thing where I'm trying"}, {"start": "00:49:29", "end": "00:49:33", "text": "to not be speculative. But, if you look"}, {"start": "00:49:31", "end": "00:49:35", "text": "at press releases, it says it's a"}, {"start": "00:49:33", "end": "00:49:36", "text": "one-day event. But, then you hear what"}, {"start": "00:49:35", "end": "00:49:38", "text": "they say,"}, {"start": "00:49:36", "end": "00:49:39", "text": "and they say there's going to be"}, {"start": "00:49:38", "end": "00:49:41", "text": "multiple announcements and things like"}, {"start": "00:49:39", "end": "00:49:44", "text": "that, and potentially other events down"}, {"start": "00:49:41", "end": "00:49:46", "text": "the road before the October launch. So,"}, {"start": "00:49:44", "end": "00:49:48", "text": "is it a one-day and done thing? A lot of"}, {"start": "00:49:46", "end": "00:49:50", "text": "people are confused about that, but I"}, {"start": "00:49:48", "end": "00:49:53", "text": "remember seeing an interview with Nadine"}, {"start": "00:49:50", "end": "00:49:55", "text": "Chikhaoui way back"}, {"start": "00:49:53", "end": "00:49:56", "text": "when this first shortly after this first"}, {"start": "00:49:55", "end": "00:49:58", "text": "got announced. I want to say it was"}, {"start": "00:49:56", "end": "00:50:00", "text": "January or February."}, {"start": "00:49:58", "end": "00:50:03", "text": "And she made the comment that they are"}, {"start": "00:50:00", "end": "00:50:07", "text": "in a rush to get a hundred trillion of"}, {"start": "00:50:03", "end": "00:50:10", "text": "assets tokenized in 50 weeks. Which was"}, {"start": "00:50:07", "end": "00:50:12", "text": "targeting the October launch. So,"}, {"start": "00:50:10", "end": "00:50:14", "text": "are are they releasing everything in"}, {"start": "00:50:12", "end": "00:50:16", "text": "October? Is it going to Is it going to"}, {"start": "00:50:14", "end": "00:50:18", "text": "be more of a limited production launch"}, {"start": "00:50:16", "end": "00:50:20", "text": "in October and nothing between there? No"}, {"start": "00:50:18", "end": "00:50:20", "text": "one really knows."}, {"start": "00:50:20", "end": "00:50:23", "text": ">> Mhm."}, {"start": "00:50:20", "end": "00:50:25", "text": ">> But we've heard from multiple different"}, {"start": "00:50:23", "end": "00:50:28", "text": "people including I saw the head of"}, {"start": "00:50:25", "end": "00:50:30", "text": "digital assets with Franklin Templeton"}, {"start": "00:50:28", "end": "00:50:31", "text": "talking about this that he thinks or"}, {"start": "00:50:30", "end": "00:50:34", "text": "believes there's going to be an"}, {"start": "00:50:31", "end": "00:50:36", "text": "inflection point with tokenization based"}, {"start": "00:50:34", "end": "00:50:40", "text": "on liquidity. When enough liquidity"}, {"start": "00:50:36", "end": "00:50:43", "text": "comes into tokenization. And again, it's"}, {"start": "00:50:40", "end": "00:50:45", "text": "going to be an interoperable world, but"}, {"start": "00:50:43", "end": "00:50:48", "text": "the DTCC's been doing this for years."}, {"start": "00:50:45", "end": "00:50:49", "text": "They were an original investor into"}, {"start": "00:50:48", "end": "00:50:52", "text": "digital asset, the creators of Canton"}, {"start": "00:50:49", "end": "00:50:56", "text": "network. Like they don't put a decade of"}, {"start": "00:50:52", "end": "00:50:56", "text": "work into this for it to not happen."}, {"start": "00:50:56", "end": "00:50:57", "text": ">> Right."}, {"start": "00:50:56", "end": "00:50:57", "text": ">> Right."}, {"start": "00:50:57", "end": "00:51:00", "text": ">> Right."}, {"start": "00:50:57", "end": "00:51:01", "text": "That's something that it's it's been so"}, {"start": "00:51:00", "end": "00:51:04", "text": "obvious for years. But I feel like I was"}, {"start": "00:51:01", "end": "00:51:06", "text": "just way too early to realizing that"}, {"start": "00:51:04", "end": "00:51:09", "text": "we're moving towards a digitally"}, {"start": "00:51:06", "end": "00:51:10", "text": "tokenized financial system. And it gets"}, {"start": "00:51:09", "end": "00:51:13", "text": "a little maddening if you're looking for"}, {"start": "00:51:10", "end": "00:51:16", "text": "that big glow up from cycle to cycle."}, {"start": "00:51:13", "end": "00:51:19", "text": "And I'm just happy that this is actually"}, {"start": "00:51:16", "end": "00:51:22", "text": "finally coming to fruition. Now,"}, {"start": "00:51:19", "end": "00:51:25", "text": "on Canton and its progress in specific,"}, {"start": "00:51:22", "end": "00:51:28", "text": "you know, assuming that the DTCC and the"}, {"start": "00:51:25", "end": "00:51:31", "text": "Canton progress continues, what are the"}, {"start": "00:51:28", "end": "00:51:33", "text": "kind of the biggest near-term catalyst"}, {"start": "00:51:31", "end": "00:51:35", "text": "if they're like pilot programs going"}, {"start": "00:51:33", "end": "00:51:37", "text": "live or partnerships"}, {"start": "00:51:35", "end": "00:51:38", "text": "that you could see going on for the"}, {"start": "00:51:37", "end": "00:51:43", "text": "others that are trying to be involved"}, {"start": "00:51:38", "end": "00:51:45", "text": "with this like XRP or Ondo or XLM."}, {"start": "00:51:43", "end": "00:51:47", "text": "You know, is there a potential of"}, {"start": "00:51:45", "end": "00:51:49", "text": "positioning before the narrative"}, {"start": "00:51:47", "end": "00:51:52", "text": "actually takes hold in any of those"}, {"start": "00:51:49", "end": "00:51:53", "text": "other products, do you think? Or you"}, {"start": "00:51:52", "end": "00:51:57", "text": "know, cuz I know Canton is the more"}, {"start": "00:51:53", "end": "00:51:58", "text": "tangible part of DTCC this year, but"}, {"start": "00:51:57", "end": "00:52:00", "text": "Stellar's being talked about going live"}, {"start": "00:51:58", "end": "00:52:01", "text": "in '27."}, {"start": "00:52:00", "end": "00:52:05", "text": ">> Right. So, Stellar's going to be"}, {"start": "00:52:01", "end": "00:52:06", "text": "involved half one of 2027 per the DTCC"}, {"start": "00:52:05", "end": "00:52:08", "text": "announcement, and that's what I"}, {"start": "00:52:06", "end": "00:52:11", "text": "referenced. That's That's how we got to"}, {"start": "00:52:08", "end": "00:52:12", "text": "Canton network, uh, you know, at this"}, {"start": "00:52:11", "end": "00:52:14", "text": "point. And a lot of people were confused"}, {"start": "00:52:12", "end": "00:52:17", "text": "over who is going to be involved. We"}, {"start": "00:52:14", "end": "00:52:19", "text": "look at the press releases. It tells us."}, {"start": "00:52:17", "end": "00:52:20", "text": "Um, but half one 2027 is going to be"}, {"start": "00:52:19", "end": "00:52:23", "text": "Stellar."}, {"start": "00:52:20", "end": "00:52:25", "text": "Uh, Ripple Prime is included. So, I'll"}, {"start": "00:52:23", "end": "00:52:26", "text": "leave that up to each individual. I'm"}, {"start": "00:52:25", "end": "00:52:28", "text": "not going to argue with people. I'll"}, {"start": "00:52:26", "end": "00:52:30", "text": "leave that up to each individual on how"}, {"start": "00:52:28", "end": "00:52:33", "text": "XRP will be involved from there. Right."}, {"start": "00:52:30", "end": "00:52:37", "text": "Uh, but Ripple Prime is included."}, {"start": "00:52:33", "end": "00:52:39", "text": "Um, Ondo Finance is included. Uh, so it"}, {"start": "00:52:37", "end": "00:52:42", "text": "really comes down to as far as if"}, {"start": "00:52:39", "end": "00:52:44", "text": "someone wants to get involved uh, or"}, {"start": "00:52:42", "end": "00:52:46", "text": "trying to position for a pump,"}, {"start": "00:52:44", "end": "00:52:48", "text": "what kind of positioning are you looking"}, {"start": "00:52:46", "end": "00:52:49", "text": "for? Are you looking for utility? Are"}, {"start": "00:52:48", "end": "00:52:52", "text": "you looking for revenue? Are you looking"}, {"start": "00:52:49", "end": "00:52:54", "text": "for speculation? You know, what's your"}, {"start": "00:52:52", "end": "00:52:57", "text": "risk appetite, and what do you believe"}, {"start": "00:52:54", "end": "00:53:00", "text": "in? Me personally, like a lot of people"}, {"start": "00:52:57", "end": "00:53:02", "text": "throw around the the utility run or the"}, {"start": "00:53:00", "end": "00:53:04", "text": "ISO run. I I don't think that's what's"}, {"start": "00:53:02", "end": "00:53:06", "text": "going to happen in all coins this year."}, {"start": "00:53:04", "end": "00:53:07", "text": "I I think we're going to see a revenue"}, {"start": "00:53:06", "end": "00:53:08", "text": "run."}, {"start": "00:53:07", "end": "00:53:09", "text": "Think we're going to see companies and"}, {"start": "00:53:08", "end": "00:53:10", "text": "blockchains that are actually making"}, {"start": "00:53:09", "end": "00:53:12", "text": "money."}, {"start": "00:53:10", "end": "00:53:13", "text": ">> That and that's being shown on"}, {"start": "00:53:12", "end": "00:53:13", "text": "Hyperliquid right now with what you're"}, {"start": "00:53:13", "end": "00:53:16", "text": "saying."}, {"start": "00:53:13", "end": "00:53:18", "text": ">> I love Hyperliquid. Best tokenomics."}, {"start": "00:53:16", "end": "00:53:21", "text": ">> Uh, revenue is seeming to be king right"}, {"start": "00:53:18", "end": "00:53:23", "text": "now in terms of people's interest and"}, {"start": "00:53:21", "end": "00:53:26", "text": "you know, for XRP,"}, {"start": "00:53:23", "end": "00:53:29", "text": "the amount of XRP burned, even if the"}, {"start": "00:53:26", "end": "00:53:31", "text": "token itself is involved with the DTCC,"}, {"start": "00:53:29", "end": "00:53:33", "text": "it's going to have to move tens of"}, {"start": "00:53:31", "end": "00:53:35", "text": "trillions of dollars to actually get"}, {"start": "00:53:33", "end": "00:53:38", "text": "that big glow up in market cap. And the"}, {"start": "00:53:35", "end": "00:53:41", "text": "market cap is essentially just already"}, {"start": "00:53:38", "end": "00:53:42", "text": "at that 80, 70 billion dollar market cap"}, {"start": "00:53:41", "end": "00:53:44", "text": "size. So, it's like"}, {"start": "00:53:42", "end": "00:53:46", "text": "the exciting part for me is looking at"}, {"start": "00:53:44", "end": "00:53:48", "text": "the undiscovered gems."}, {"start": "00:53:46", "end": "00:53:50", "text": "Um you know, just for my personal"}, {"start": "00:53:48", "end": "00:53:52", "text": "opinion. Now, I'm not going to"}, {"start": "00:53:50", "end": "00:53:53", "text": "I'm not going to say Ripple's not"}, {"start": "00:53:52", "end": "00:53:56", "text": "involved with things. I mean, it's even"}, {"start": "00:53:53", "end": "00:53:58", "text": "involved with FedNow payments through"}, {"start": "00:53:56", "end": "00:54:00", "text": "the use of Volante."}, {"start": "00:53:58", "end": "00:54:03", "text": "And there's a lot of meat on the bone"}, {"start": "00:54:00", "end": "00:54:05", "text": "for the XRP community to speculate on"}, {"start": "00:54:03", "end": "00:54:06", "text": "and the cult will grow, right? So,"}, {"start": "00:54:05", "end": "00:54:08", "text": ">> Right."}, {"start": "00:54:06", "end": "00:54:11", "text": ">> I know Ripple's part of the deal."}, {"start": "00:54:08", "end": "00:54:14", "text": "Um now, when you"}, {"start": "00:54:11", "end": "00:54:16", "text": "you're navigating this, you know,"}, {"start": "00:54:14", "end": "00:54:18", "text": "kind of swarm of people digging for the"}, {"start": "00:54:16", "end": "00:54:21", "text": "next big thing. I can tell you're"}, {"start": "00:54:18", "end": "00:54:23", "text": "actively making content all the time."}, {"start": "00:54:21", "end": "00:54:27", "text": "What What is the simplest way that you"}, {"start": "00:54:23", "end": "00:54:29", "text": "can address the pressure on the XRP"}, {"start": "00:54:27", "end": "00:54:30", "text": "token to someone that comes in and"}, {"start": "00:54:29", "end": "00:54:32", "text": "they're like, \"Hey, man, what the hell"}, {"start": "00:54:30", "end": "00:54:33", "text": "are you talking about? Canton's not"}, {"start": "00:54:32", "end": "00:54:35", "text": "doing anything. XLM's not doing"}, {"start": "00:54:33", "end": "00:54:37", "text": "anything. XRP is and forever will be the"}, {"start": "00:54:35", "end": "00:54:39", "text": "king.\" What do you say What do you say"}, {"start": "00:54:37", "end": "00:54:40", "text": "to someone like"}, {"start": "00:54:39", "end": "00:54:41", "text": ">> Uh"}, {"start": "00:54:40", "end": "00:54:43", "text": "I mean, there's not really much you can"}, {"start": "00:54:41", "end": "00:54:43", "text": "say, honestly."}, {"start": "00:54:43", "end": "00:54:47", "text": "Um"}, {"start": "00:54:43", "end": "00:54:49", "text": "because facts don't necessarily facts"}, {"start": "00:54:47", "end": "00:54:52", "text": "don't work, honestly. If If you point"}, {"start": "00:54:49", "end": "00:54:55", "text": "out tokenomics, the biggest thing I say,"}, {"start": "00:54:52", "end": "00:54:58", "text": "actually, this is the best the best"}, {"start": "00:54:55", "end": "00:55:01", "text": "explanation I've been able to find."}, {"start": "00:54:58", "end": "00:55:04", "text": "We can We can all agree that the burn on"}, {"start": "00:55:01", "end": "00:55:05", "text": "XRP means nothing with the price."}, {"start": "00:55:04", "end": "00:55:07", "text": ">> Right."}, {"start": "00:55:05", "end": "00:55:08", "text": ">> We That's not going to do anything."}, {"start": "00:55:07", "end": "00:55:11", "text": ">> Mhm."}, {"start": "00:55:08", "end": "00:55:14", "text": ">> So, the only way that XRP can achieve"}, {"start": "00:55:11", "end": "00:55:16", "text": "high prices is to actually perform its"}, {"start": "00:55:14", "end": "00:55:19", "text": "function as bridge liquidity. It was"}, {"start": "00:55:16", "end": "00:55:21", "text": "designed to be a bridge liquidity asset."}, {"start": "00:55:19", "end": "00:55:23", "text": "In order to bridge between assets, you"}, {"start": "00:55:21", "end": "00:55:25", "text": "need assets on chain."}, {"start": "00:55:23", "end": "00:55:26", "text": "You need multiple different tokenized"}, {"start": "00:55:25", "end": "00:55:28", "text": "assets on chain."}, {"start": "00:55:26", "end": "00:55:30", "text": "So, until"}, {"start": "00:55:28", "end": "00:55:33", "text": "you reach that point"}, {"start": "00:55:30", "end": "00:55:35", "text": "of multiple tokenized assets on chain,"}, {"start": "00:55:33", "end": "00:55:37", "text": "you can't have a high price. There's"}, {"start": "00:55:35", "end": "00:55:38", "text": "nothing to switch between. Yeah. take it"}, {"start": "00:55:37", "end": "00:55:41", "text": "a step further,"}, {"start": "00:55:38", "end": "00:55:43", "text": "people want to argue XRP is Ripple's"}, {"start": "00:55:41", "end": "00:55:45", "text": "ODL. Cool."}, {"start": "00:55:43", "end": "00:55:47", "text": "If you actually"}, {"start": "00:55:45", "end": "00:55:49", "text": "look at Ripple and what they disclosed"}, {"start": "00:55:47", "end": "00:55:52", "text": "last year, they did 95 plus billion in"}, {"start": "00:55:49", "end": "00:55:55", "text": "cross-border payments. You can go verify"}, {"start": "00:55:52", "end": "00:55:58", "text": "on ledger what was done on ledger. I"}, {"start": "00:55:55", "end": "00:56:00", "text": "promise you it was not 95 billion."}, {"start": "00:55:58", "end": "00:56:01", "text": "It was less than five."}, {"start": "00:56:00", "end": "00:56:04", "text": ">> Ooh."}, {"start": "00:56:01", "end": "00:56:05", "text": ">> So, they're not even using the ledger."}, {"start": "00:56:04", "end": "00:56:07", "text": ">> Okay."}, {"start": "00:56:05", "end": "00:56:08", "text": ">> Verifiable data from the ledger."}, {"start": "00:56:07", "end": "00:56:09", "text": "So,"}, {"start": "00:56:08", "end": "00:56:12", "text": ">> bringing on you on I would learn"}, {"start": "00:56:09", "end": "00:56:15", "text": "something. Right there, you know, that"}, {"start": "00:56:12", "end": "00:56:17", "text": "is absolutely key information there."}, {"start": "00:56:15", "end": "00:56:19", "text": ">> And you can Google that. Verify it."}, {"start": "00:56:17", "end": "00:56:20", "text": "Verify it. This is verifiable"}, {"start": "00:56:19", "end": "00:56:20", "text": "information."}, {"start": "00:56:20", "end": "00:56:22", "text": ">> Mhm."}, {"start": "00:56:20", "end": "00:56:24", "text": ">> I mean, it's from Ripple that they did"}, {"start": "00:56:22", "end": "00:56:25", "text": "that much and you can verify on ledger"}, {"start": "00:56:24", "end": "00:56:27", "text": "that they're not doing 95 billion on"}, {"start": "00:56:25", "end": "00:56:29", "text": "ledger. So, it"}, {"start": "00:56:27", "end": "00:56:30", "text": "They're using"}, {"start": "00:56:29", "end": "00:56:33", "text": "They're not using the ledger. They're"}, {"start": "00:56:30", "end": "00:56:34", "text": "not using the crypto. It's verifiable."}, {"start": "00:56:33", "end": "00:56:36", "text": "And until they start bringing the assets"}, {"start": "00:56:34", "end": "00:56:37", "text": "on chain, they're not going to be able"}, {"start": "00:56:36", "end": "00:56:38", "text": "to, in my opinion."}, {"start": "00:56:37", "end": "00:56:39", "text": ">> Right."}, {"start": "00:56:38", "end": "00:56:41", "text": "Well, you know, this is some good"}, {"start": "00:56:39", "end": "00:56:43", "text": "insight and I know that you mentioned"}, {"start": "00:56:41", "end": "00:56:46", "text": "you're actually actively building on a"}, {"start": "00:56:43", "end": "00:56:46", "text": "network in particular, Canton."}, {"start": "00:56:46", "end": "00:56:48", "text": ">> Right."}, {"start": "00:56:46", "end": "00:56:49", "text": ">> Um, I want to kind of give you the floor"}, {"start": "00:56:48", "end": "00:56:51", "text": "to kind of explain what it is that"}, {"start": "00:56:49", "end": "00:56:53", "text": "you're building within that network so"}, {"start": "00:56:51", "end": "00:56:54", "text": "people can kind of get a feel for what"}, {"start": "00:56:53", "end": "00:56:56", "text": "you're up to over the next few months or"}, {"start": "00:56:54", "end": "00:56:59", "text": "maybe years here."}, {"start": "00:56:56", "end": "00:57:01", "text": ">> Yeah, so the the big one of the biggest"}, {"start": "00:56:59", "end": "00:57:03", "text": "misconceptions about the Canton network"}, {"start": "00:57:01", "end": "00:57:05", "text": "is it's not for retail. That the token's"}, {"start": "00:57:03", "end": "00:57:07", "text": "not going to appreciate, that's it's"}, {"start": "00:57:05", "end": "00:57:10", "text": "only for the institutions. There's no no"}, {"start": "00:57:07", "end": "00:57:13", "text": "reason to need it. Well,"}, {"start": "00:57:10", "end": "00:57:16", "text": "I say compared to what?"}, {"start": "00:57:13", "end": "00:57:17", "text": "Because since November of last year when"}, {"start": "00:57:16", "end": "00:57:19", "text": "it was available to retail, cuz it"}, {"start": "00:57:17", "end": "00:57:21", "text": "again, it came out November I believe of"}, {"start": "00:57:19", "end": "00:57:24", "text": "2024, but it was available to retail"}, {"start": "00:57:21", "end": "00:57:27", "text": "November of 25. So, since it's came out"}, {"start": "00:57:24", "end": "00:57:28", "text": "to retail, it was roughly 14 cents. And"}, {"start": "00:57:27", "end": "00:57:32", "text": "today it's roughly 14 cents. So, it's"}, {"start": "00:57:28", "end": "00:57:34", "text": "been flat during one of the"}, {"start": "00:57:32", "end": "00:57:36", "text": "hardest times people have had in crypto"}, {"start": "00:57:34", "end": "00:57:36", "text": "while everything else is down 40 to 50%"}, {"start": "00:57:36", "end": "00:57:38", "text": "so"}, {"start": "00:57:36", "end": "00:57:40", "text": ">> insane to see it flat in this"}, {"start": "00:57:38", "end": "00:57:43", "text": "environment. Like it's literally the"}, {"start": "00:57:40", "end": "00:57:47", "text": "only altcoin bag that I left alone"}, {"start": "00:57:43", "end": "00:57:49", "text": "before cheating basically every altcoin"}, {"start": "00:57:47", "end": "00:57:51", "text": "when we lost the 86k on Bitcoin. I was"}, {"start": "00:57:49", "end": "00:57:53", "text": "like, all right, fine. The moving"}, {"start": "00:57:51", "end": "00:57:55", "text": "average is broken. We're going back into"}, {"start": "00:57:53", "end": "00:57:58", "text": "the four-year flush out. It's the only"}, {"start": "00:57:55", "end": "00:58:02", "text": "coin that I left alone and I actually"}, {"start": "00:57:58", "end": "00:58:03", "text": "layered more into it simply because I I"}, {"start": "00:58:02", "end": "00:58:04", "text": "could tell I've talked to the founder. I"}, {"start": "00:58:03", "end": "00:58:06", "text": "can't remember his name. I had him on"}, {"start": "00:58:04", "end": "00:58:08", "text": "the show. Um I should probably have him"}, {"start": "00:58:06", "end": "00:58:08", "text": "back on the show, but I could tell by"}, {"start": "00:58:08", "end": "00:58:10", "text": "the"}, {"start": "00:58:08", "end": "00:58:11", "text": ">> Eric or Shaul?"}, {"start": "00:58:10", "end": "00:58:12", "text": ">> Shaul. Yes, it was Shaul."}, {"start": "00:58:11", "end": "00:58:15", "text": ">> Shaul Kuperfer?"}, {"start": "00:58:12", "end": "00:58:16", "text": ">> Yes, he's a cool guy and I could just"}, {"start": "00:58:15", "end": "00:58:20", "text": "tell from the conversation that they're"}, {"start": "00:58:16", "end": "00:58:23", "text": "not in in this space to kind of convince"}, {"start": "00:58:20", "end": "00:58:26", "text": "all of the retail in. And that lack of"}, {"start": "00:58:23", "end": "00:58:29", "text": "in you know, need to have interest in"}, {"start": "00:58:26", "end": "00:58:32", "text": "retail at all. I was like, okay. You"}, {"start": "00:58:29", "end": "00:58:35", "text": "Treasury repos are real. You can't quite"}, {"start": "00:58:32", "end": "00:58:37", "text": "fake Treasury repos and they slammed"}, {"start": "00:58:35", "end": "00:58:41", "text": "onto the RWA.xyz"}, {"start": "00:58:37", "end": "00:58:43", "text": "data hub with nearly 400 billion dollars"}, {"start": "00:58:41", "end": "00:58:44", "text": "in value overnight."}, {"start": "00:58:43", "end": "00:58:46", "text": ">> Thank you. You're the first person to"}, {"start": "00:58:44", "end": "00:58:48", "text": "call out both fundraises. Thank you."}, {"start": "00:58:46", "end": "00:58:50", "text": ">> Yeah. And so I was just like, okay, you"}, {"start": "00:58:48", "end": "00:58:52", "text": "know, I got covered it before it even"}, {"start": "00:58:50", "end": "00:58:53", "text": "came out. Did a little bit of toe"}, {"start": "00:58:52", "end": "00:58:57", "text": "dipping and then I got real frisky"}, {"start": "00:58:53", "end": "00:58:59", "text": "around 8 cents. And I'm happy that it's"}, {"start": "00:58:57", "end": "00:59:01", "text": "held up, you know, at 14 cents or"}, {"start": "00:58:59", "end": "00:59:02", "text": "whatever from when I got in,"}, {"start": "00:59:01", "end": "00:59:04", "text": "but"}, {"start": "00:59:02", "end": "00:59:05", "text": "this [clears throat] is something very"}, {"start": "00:59:04", "end": "00:59:07", "text": "interesting to look at especially in"}, {"start": "00:59:05", "end": "00:59:09", "text": "this bear market. I know there's not too"}, {"start": "00:59:07", "end": "00:59:12", "text": "much speculation on price, but a lot of"}, {"start": "00:59:09", "end": "00:59:15", "text": "people have asked, is there a mechanism"}, {"start": "00:59:12", "end": "00:59:17", "text": "with its burn and mint that is keeping"}, {"start": "00:59:15", "end": "00:59:18", "text": "it in that specific range for the time"}, {"start": "00:59:17", "end": "00:59:22", "text": "being in your opinion?"}, {"start": "00:59:18", "end": "00:59:23", "text": ">> Yes and no. So, couple things on that."}, {"start": "00:59:22", "end": "00:59:25", "text": "So, the way the burn and mint"}, {"start": "00:59:23", "end": "00:59:28", "text": "equilibrium is based, right? So, fees"}, {"start": "00:59:25", "end": "00:59:30", "text": "are determined in dollars."}, {"start": "00:59:28", "end": "00:59:32", "text": "They're all denominated in dollars, and"}, {"start": "00:59:30", "end": "00:59:35", "text": "the way the fees are done, it's done by"}, {"start": "00:59:32", "end": "00:59:39", "text": "data. So, 1 megabyte of data"}, {"start": "00:59:35", "end": "00:59:43", "text": "is $17. So, if I were to just send you a"}, {"start": "00:59:39", "end": "00:59:44", "text": "transfer of CC, it cost me like $1.88"}, {"start": "00:59:43", "end": "00:59:46", "text": "for the transfer."}, {"start": "00:59:44", "end": "00:59:49", "text": "Now,"}, {"start": "00:59:46", "end": "00:59:51", "text": "that being said, DTCC,"}, {"start": "00:59:49", "end": "00:59:52", "text": "they do a transaction. That's why it's"}, {"start": "00:59:51", "end": "00:59:53", "text": "important we talk about all the"}, {"start": "00:59:52", "end": "00:59:55", "text": "different participants and stuff like"}, {"start": "00:59:53", "end": "00:59:57", "text": "that, because they have They're not"}, {"start": "00:59:55", "end": "00:59:58", "text": "doing a one-to-one transaction. They're"}, {"start": "00:59:57", "end": "00:59:59", "text": "doing eight, nine different"}, {"start": "00:59:58", "end": "01:00:02", "text": "participants, you know, multiple"}, {"start": "00:59:59", "end": "01:00:04", "text": "different assets, insurance, all these"}, {"start": "01:00:02", "end": "01:00:06", "text": "things. Each one of those consumes data."}, {"start": "01:00:04", "end": "01:00:09", "text": "So, whereas a normal transaction for me"}, {"start": "01:00:06", "end": "01:00:11", "text": "and you is a buck 88, a normal"}, {"start": "01:00:09", "end": "01:00:13", "text": "transaction for the DTCC is going to be"}, {"start": "01:00:11", "end": "01:00:14", "text": "somewhere between five and $15."}, {"start": "01:00:13", "end": "01:00:15", "text": ">> Right."}, {"start": "01:00:14", "end": "01:00:18", "text": ">> And when you look at the amount of"}, {"start": "01:00:15", "end": "01:00:21", "text": "volume that the DTCC does, that's about"}, {"start": "01:00:18", "end": "01:00:23", "text": "roughly 1.4 million-dollar or million"}, {"start": "01:00:21", "end": "01:00:25", "text": "transactions per day. If they get a"}, {"start": "01:00:23", "end": "01:00:27", "text": "slice of that,"}, {"start": "01:00:25", "end": "01:00:30", "text": "you can understand what that can do to"}, {"start": "01:00:27", "end": "01:00:32", "text": "the actual burn to mint equilibrium."}, {"start": "01:00:30", "end": "01:00:34", "text": "That's what's going to bring it up. Now,"}, {"start": "01:00:32", "end": "01:00:36", "text": "the thing that brings it down, or what"}, {"start": "01:00:34", "end": "01:00:37", "text": "you people are concerned about keeping"}, {"start": "01:00:36", "end": "01:00:39", "text": "it flat, or what I think people"}, {"start": "01:00:37", "end": "01:00:41", "text": "misunderstand,"}, {"start": "01:00:39", "end": "01:00:42", "text": "because the price is denominated in"}, {"start": "01:00:41", "end": "01:00:45", "text": "dollars,"}, {"start": "01:00:42", "end": "01:00:47", "text": "if CC costs less, you have to burn more"}, {"start": "01:00:45", "end": "01:00:49", "text": "CC."}, {"start": "01:00:47", "end": "01:00:52", "text": "If it costs more, now you have to burn"}, {"start": "01:00:49", "end": "01:00:55", "text": "less CC. So, as the price of CC gets"}, {"start": "01:00:52", "end": "01:00:58", "text": "more expensive, you need less amounts of"}, {"start": "01:00:55", "end": "01:01:02", "text": "CC to meet those requirements for those"}, {"start": "01:00:58", "end": "01:01:04", "text": "fees, therefore less CC is being burned."}, {"start": "01:01:02", "end": "01:01:08", "text": "So, you'll need to constantly be"}, {"start": "01:01:04", "end": "01:01:09", "text": "increasing in utility in order to go"}, {"start": "01:01:08", "end": "01:01:11", "text": "higher."}, {"start": "01:01:09", "end": "01:01:13", "text": ">> Right. Very reasonable. And I I like"}, {"start": "01:01:11", "end": "01:01:15", "text": "that design, you know? I really do like"}, {"start": "01:01:13", "end": "01:01:17", "text": "that design. And I appreciate all the"}, {"start": "01:01:15", "end": "01:01:19", "text": "work that you do not there. And you're"}, {"start": "01:01:17", "end": "01:01:21", "text": "sticking out in my mind as not a"}, {"start": "01:01:19", "end": "01:01:23", "text": "fair-weather fan of crypto. You You"}, {"start": "01:01:21", "end": "01:01:24", "text": "looks like you're here, you're building,"}, {"start": "01:01:23", "end": "01:01:27", "text": "you're staying focused, and you're"}, {"start": "01:01:24", "end": "01:01:29", "text": "delivering hard-to-digest information. I"}, {"start": "01:01:27", "end": "01:01:30", "text": "do the my best to do it as well."}, {"start": "01:01:29", "end": "01:01:32", "text": "Doesn't make you the most popular guy in"}, {"start": "01:01:30", "end": "01:01:34", "text": "crypto, I'm going to warn you. Um you"}, {"start": "01:01:32", "end": "01:01:36", "text": "know, but you know, just go give them"}, {"start": "01:01:34", "end": "01:01:38", "text": "some love. Go check them out on X, and"}, {"start": "01:01:36", "end": "01:01:40", "text": "you can find uh a link to his website"}, {"start": "01:01:38", "end": "01:01:42", "text": "and everything that he's doing out here."}, {"start": "01:01:40", "end": "01:01:45", "text": "Uh you can find them on X at uh"}, {"start": "01:01:42", "end": "01:01:47", "text": "LongView, @LongViewCrypto."}, {"start": "01:01:45", "end": "01:01:49", "text": "Um really good info, man. Absolutely"}, {"start": "01:01:47", "end": "01:01:50", "text": "enjoyed having you on. Well,"}, {"start": "01:01:49", "end": "01:01:52", "text": "uh you know what? I'm going to go get"}, {"start": "01:01:50", "end": "01:01:54", "text": "ready for um"}, {"start": "01:01:52", "end": "01:01:56", "text": "a little bit of an update to our"}, {"start": "01:01:54", "end": "01:01:58", "text": "internal community, but it's an absolute"}, {"start": "01:01:56", "end": "01:01:59", "text": "pleasure having you join me on this"}, {"start": "01:01:58", "end": "01:02:01", "text": "episode here today."}, {"start": "01:01:59", "end": "01:02:02", "text": ">> Yeah, anytime. You're going to be on my"}, {"start": "01:02:01", "end": "01:02:03", "text": "channel tomorrow, too, right?"}, {"start": "01:02:02", "end": "01:02:05", "text": ">> Yes, sir. I'm I want to hop on your"}, {"start": "01:02:03", "end": "01:02:07", "text": "channel and you know, kind of give my"}, {"start": "01:02:05", "end": "01:02:09", "text": "perspective. I you know, I'm kind of"}, {"start": "01:02:07", "end": "01:02:11", "text": "notorious. I do get involved with memes"}, {"start": "01:02:09", "end": "01:02:14", "text": "when the time is right, and you know,"}, {"start": "01:02:11", "end": "01:02:15", "text": "I'm I'm a geeter, you know, I sell all"}, {"start": "01:02:14", "end": "01:02:16", "text": "coins like crazy when it's when I feel"}, {"start": "01:02:15", "end": "01:02:18", "text": "like it's time to get out of the way,"}, {"start": "01:02:16", "end": "01:02:20", "text": "but"}, {"start": "01:02:18", "end": "01:02:21", "text": "Canton's one of the it's, you know, it's"}, {"start": "01:02:20", "end": "01:02:24", "text": "one of one that I left alone when the"}, {"start": "01:02:21", "end": "01:02:27", "text": "bear market kind of started taking hold,"}, {"start": "01:02:24", "end": "01:02:28", "text": "and I did just start picking back some"}, {"start": "01:02:27", "end": "01:02:30", "text": "all coins. I'm rebuilding the all coin"}, {"start": "01:02:28", "end": "01:02:31", "text": "portfolio. I am out here speculating"}, {"start": "01:02:30", "end": "01:02:34", "text": "once again, so."}, {"start": "01:02:31", "end": "01:02:35", "text": ">> Well, let's look at it this way, though."}, {"start": "01:02:34", "end": "01:02:37", "text": "Canton's message is reaching the"}, {"start": "01:02:35", "end": "01:02:39", "text": "speculative community now. I look at"}, {"start": "01:02:37", "end": "01:02:40", "text": "that as a positive."}, {"start": "01:02:39", "end": "01:02:43", "text": ">> I really"}, {"start": "01:02:40", "end": "01:02:46", "text": "Absolutely. You know, and like the real"}, {"start": "01:02:43", "end": "01:02:49", "text": "reason that Canton came to my mind is I"}, {"start": "01:02:46", "end": "01:02:52", "text": "just saw the RWA influx, and then I"}, {"start": "01:02:49", "end": "01:02:55", "text": "realized how little advertising had gone"}, {"start": "01:02:52", "end": "01:02:57", "text": "on for this network before it went live."}, {"start": "01:02:55", "end": "01:02:58", "text": "I'm like, I I need to get in on that. I"}, {"start": "01:02:57", "end": "01:02:59", "text": "need I need to take a little swing at"}, {"start": "01:02:58", "end": "01:03:01", "text": "this. So,"}, {"start": "01:02:59", "end": "01:03:01", "text": ">> Where there's smoke, there's fire, you"}, {"start": "01:03:01", "end": "01:03:04", "text": "know."}, {"start": "01:03:01", "end": "01:03:05", "text": ">> Exactly, man. Exactly. Well, it's great"}, {"start": "01:03:04", "end": "01:03:08", "text": "having you on. Make sure to go check"}, {"start": "01:03:05", "end": "01:03:11", "text": "them out, LongView Compute on X, and we"}, {"start": "01:03:08", "end": "01:03:12", "text": "will see you on the next episode."}, {"start": "01:03:11", "end": "01:03:14", "text": "Everybody, be good to your friends, and"}, {"start": "01:03:12", "end": "01:03:16", "text": "we will see you soon. Take care."}, {"start": "01:03:14", "end": "01:03:18", "text": ">> We just wanted to take a quick second to"}, {"start": "01:03:16", "end": "01:03:20", "text": "shout out our sponsor Arculus. They are"}, {"start": "01:03:18", "end": "01:03:21", "text": "cold storage hardware wallet helps you"}, {"start": "01:03:20", "end": "01:03:23", "text": "secure all of your digital assets for"}, {"start": "01:03:21", "end": "01:03:25", "text": "the future. Just tap this thing to the"}, {"start": "01:03:23", "end": "01:03:26", "text": "back of your phone and boom, you're in."}, {"start": "01:03:25", "end": "01:03:28", "text": "We wouldn't be able to do this without"}, {"start": "01:03:26", "end": "01:03:30", "text": "them, but also wouldn't be able to do"}, {"start": "01:03:28", "end": "01:03:31", "text": "this without you guys, the Disco Fam."}, {"start": "01:03:30", "end": "01:03:32", "text": "You've supported us a lot over the"}, {"start": "01:03:31", "end": "01:03:35", "text": "years. If you want to support the"}, {"start": "01:03:32", "end": "01:03:37", "text": "channel now, just use the code DC20. It"}, {"start": "01:03:35", "end": "01:03:39", "text": "gets you 20% off this card. It's the"}, {"start": "01:03:37", "end": "01:03:40", "text": "number one way you can support this"}, {"start": "01:03:39", "end": "01:03:44", "text": "channel going forward. Thank you for"}, {"start": "01:03:40", "end": "01:03:44", "text": "your support. We'll see you at the top."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "I was always worried about the"}, {"start": "00:00:02", "end": "00:00:06", "text": "leveraging in Bitcoin and crypto. There"}, {"start": "00:00:05", "end": "00:00:08", "text": "was too much leverage players in it."}, {"start": "00:00:06", "end": "00:00:09", "text": "That's why we had the washout and I"}, {"start": "00:00:08", "end": "00:00:12", "text": "think there's more stability at these"}, {"start": "00:00:09", "end": "00:00:14", "text": "levels here. But um"}, {"start": "00:00:12", "end": "00:00:17", "text": "you know, I I we don't see that much"}, {"start": "00:00:14", "end": "00:00:19", "text": "implicit leverage. For the scale of the"}, {"start": "00:00:17", "end": "00:00:22", "text": "capital markets today, the leverage is"}, {"start": "00:00:19", "end": "00:00:24", "text": "not as large. I mean, that"}, {"start": "00:00:22", "end": "00:00:25", "text": "that doesn't mean there's not pockets."}, {"start": "00:00:24", "end": "00:00:28", "text": "Uh"}, {"start": "00:00:25", "end": "00:00:31", "text": "but no, I I I as I said in my prepared"}, {"start": "00:00:28", "end": "00:00:34", "text": "remarks this morning, I'm very bullish"}, {"start": "00:00:31", "end": "00:00:34", "text": "on the markets over the next 12 months."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Bitcoin's the only thing that has a"}, {"start": "00:00:01", "end": "00:00:06", "text": "death cross right now. Bitcoin dominance"}, {"start": "00:00:03", "end": "00:00:08", "text": "is on its way to its very own little"}, {"start": "00:00:06", "end": "00:00:10", "text": "death cross as we speak. Now, this is a"}, {"start": "00:00:08", "end": "00:00:13", "text": "signal that you have to wait for 5 or"}, {"start": "00:00:10", "end": "00:00:15", "text": "more years to see play out. 2016, the"}, {"start": "00:00:13", "end": "00:00:18", "text": "death cross hits, all coins go"}, {"start": "00:00:15", "end": "00:00:21", "text": "parabolic. 2021, death cross hits, boom,"}, {"start": "00:00:18", "end": "00:00:23", "text": "100 X's. We're sitting right here at"}, {"start": "00:00:21", "end": "00:00:25", "text": "that same signal flashing. Now, the"}, {"start": "00:00:23", "end": "00:00:27", "text": "reason why Bitcoin has held so much"}, {"start": "00:00:25", "end": "00:00:30", "text": "control over the cryptocurrency market"}, {"start": "00:00:27", "end": "00:00:31", "text": "over the past 1,260 days is actually all"}, {"start": "00:00:30", "end": "00:00:33", "text": "because of the Bitcoin strategic"}, {"start": "00:00:31", "end": "00:00:35", "text": "reserve. Guess what needs to happen"}, {"start": "00:00:33", "end": "00:00:37", "text": "before the strategic reserve goes into"}, {"start": "00:00:35", "end": "00:00:38", "text": "place? You need crypto clarity. That's"}, {"start": "00:00:37", "end": "00:00:41", "text": "where the all coins have their fun,"}, {"start": "00:00:38", "end": "00:00:41", "text": "baby. Let's go."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The top AI crypto project out there just"}, {"start": "00:00:03", "end": "00:00:07", "text": "got hacked on some of its subnets and"}, {"start": "00:00:05", "end": "00:00:09", "text": "price is falling apart, briefly"}, {"start": "00:00:07", "end": "00:00:13", "text": "breaching below the $200 level. Subnet"}, {"start": "00:00:09", "end": "00:00:14", "text": "15 and 102 on the Tao network had their"}, {"start": "00:00:13", "end": "00:00:17", "text": "owner wallets compromised today. This is"}, {"start": "00:00:14", "end": "00:00:20", "text": "reported by Hey Zeus Martinez Oro"}, {"start": "00:00:17", "end": "00:00:24", "text": "agents, about 285,000 compromised, and"}, {"start": "00:00:20", "end": "00:00:26", "text": "Connido AI had 2,500 Tao tokens. Hits"}, {"start": "00:00:24", "end": "00:00:28", "text": "keep coming. You remember that Tao"}, {"start": "00:00:26", "end": "00:00:30", "text": "actually fell from $330"}, {"start": "00:00:28", "end": "00:00:32", "text": "down into the $200 range when it had a"}, {"start": "00:00:30", "end": "00:00:34", "text": "major subnet developer accused the"}, {"start": "00:00:32", "end": "00:00:36", "text": "founder of decentralization theater."}, {"start": "00:00:34", "end": "00:00:38", "text": "Some chalk this up to simple bear market"}, {"start": "00:00:36", "end": "00:00:40", "text": "activities though, and if you were in"}, {"start": "00:00:38", "end": "00:00:41", "text": "our school, you know exactly where we"}, {"start": "00:00:40", "end": "00:00:43", "text": "are in the market. If you're not already"}, {"start": "00:00:41", "end": "00:00:47", "text": "in the know, click the link in the"}, {"start": "00:00:43", "end": "00:00:47", "text": "description and get prepared."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Iranians are officially abandoning their"}, {"start": "00:00:02", "end": "00:00:07", "text": "fiat currency as Iranian withdraws off"}, {"start": "00:00:04", "end": "00:00:09", "text": "of exchanges are accelerating at a pace"}, {"start": "00:00:07", "end": "00:00:11", "text": "the world has never seen. And this is"}, {"start": "00:00:09", "end": "00:00:13", "text": "all data that's coming out after the"}, {"start": "00:00:11", "end": "00:00:14", "text": "Iranian blackout that ended. Honestly,"}, {"start": "00:00:13", "end": "00:00:16", "text": "who could blame them? Look at the"}, {"start": "00:00:14", "end": "00:00:18", "text": "Iranian rial versus the United States"}, {"start": "00:00:16", "end": "00:00:20", "text": "dollar is absolutely falling off a cliff"}, {"start": "00:00:18", "end": "00:00:21", "text": "and it doesn't look like escalation is"}, {"start": "00:00:20", "end": "00:00:24", "text": "going to end anytime soon. The United"}, {"start": "00:00:21", "end": "00:00:26", "text": "States forces are resuming attack. Trump"}, {"start": "00:00:24", "end": "00:00:29", "text": "has just notified Congress that the US"}, {"start": "00:00:26", "end": "00:00:30", "text": "is at war officially with Iran. Think"}, {"start": "00:00:29", "end": "00:00:33", "text": "there'll be a resolution to this"}, {"start": "00:00:30", "end": "00:00:33", "text": "conflict this year?"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The Clarity Act is a make-or-break for"}, {"start": "00:00:02", "end": "00:00:06", "text": "crypto regulation and it's running out"}, {"start": "00:00:04", "end": "00:00:07", "text": "of time. The Senate's current target"}, {"start": "00:00:06", "end": "00:00:09", "text": "date for a vote is August 7th. There's"}, {"start": "00:00:07", "end": "00:00:11", "text": "still massive controversy behind"}, {"start": "00:00:09", "end": "00:00:13", "text": "politicians being involved with crypto"}, {"start": "00:00:11", "end": "00:00:16", "text": "and the [music] CFTC chair, Mike Selig,"}, {"start": "00:00:13", "end": "00:00:18", "text": "who can't seem to smile, says that the"}, {"start": "00:00:16", "end": "00:00:20", "text": "Clarity Act is a must-pass legislation"}, {"start": "00:00:18", "end": "00:00:22", "text": "keeping the US a global crypto hub. Of"}, {"start": "00:00:20", "end": "00:00:24", "text": "course, Congress is on a wonderful"}, {"start": "00:00:22", "end": "00:00:26", "text": "recess until mid-July. So, we're"}, {"start": "00:00:24", "end": "00:00:28", "text": "actually looking at July 13th to the"}, {"start": "00:00:26", "end": "00:00:30", "text": "16th the Senate procedural vote on the"}, {"start": "00:00:28", "end": "00:00:32", "text": "final floor vote of the Clarity Act is"}, {"start": "00:00:30", "end": "00:00:34", "text": "going to happen. And then, July 20th to"}, {"start": "00:00:32", "end": "00:00:36", "text": "24th, the House and [music] the Senate"}, {"start": "00:00:34", "end": "00:00:38", "text": "reconciliation process begins. Seeing"}, {"start": "00:00:36", "end": "00:00:40", "text": "all the news, Polymarket odds of a"}, {"start": "00:00:38", "end": "00:00:43", "text": "Clarity Act passing in 2026 are falling"}, {"start": "00:00:40", "end": "00:00:46", "text": "off a cliff. Is crypto clarity dead in"}, {"start": "00:00:43", "end": "00:00:46", "text": "the United States?"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Swift just dropped a bombshell. They are"}, {"start": "00:00:02", "end": "00:00:08", "text": "rolling out a blockchain ledger. This is"}, {"start": "00:00:04", "end": "00:00:11", "text": "24/7 banking for 16 global banking"}, {"start": "00:00:08", "end": "00:00:13", "text": "giants across six continents. The entire"}, {"start": "00:00:11", "end": "00:00:15", "text": "global monetary system is being put on a"}, {"start": "00:00:13", "end": "00:00:18", "text": "blockchain under everyone's noses, but"}, {"start": "00:00:15", "end": "00:00:20", "text": "this Tom fella knew it was coming months"}, {"start": "00:00:18", "end": "00:00:22", "text": "ahead of time. Of course, he did. This"}, {"start": "00:00:20", "end": "00:00:25", "text": "is the chief innovation officer of Swift"}, {"start": "00:00:22", "end": "00:00:26", "text": "previously, now an independent architect"}, {"start": "00:00:25", "end": "00:00:29", "text": "and advisor, but he had some interesting"}, {"start": "00:00:26", "end": "00:00:32", "text": "conversations with a key crypto project."}, {"start": "00:00:29", "end": "00:00:33", "text": "talking to Chainlink, Sergey Nazarov, as"}, {"start": "00:00:32", "end": "00:00:36", "text": "they're talking about how to bring"}, {"start": "00:00:33", "end": "00:00:38", "text": "digital assets to scale across the"}, {"start": "00:00:36", "end": "00:00:40", "text": "planet. You might ask yourself in the"}, {"start": "00:00:38", "end": "00:00:43", "text": "XRP army, \"Where's Brad Garlinghouse in"}, {"start": "00:00:40", "end": "00:00:43", "text": "this picture?\""}]

[{"start": "00:00:00", "end": "00:00:06", "text": "And we're live. Welcome back to Discover"}, {"start": "00:00:03", "end": "00:00:09", "text": "Crypto. My name is TJ and today it is"}, {"start": "00:00:06", "end": "00:00:12", "text": "bombs away for Trump and bombs away for"}, {"start": "00:00:09", "end": "00:00:15", "text": "your portfolio. Uh we've got more price"}, {"start": "00:00:12", "end": "00:00:17", "text": "action going. Bitcoin pulling back on"}, {"start": "00:00:15", "end": "00:00:18", "text": "the 24h hour. Only a couple percent. So"}, {"start": "00:00:17", "end": "00:00:22", "text": "it's not too bad. But joined here with"}, {"start": "00:00:18", "end": "00:00:23", "text": "Drew. Super special day today. We're"}, {"start": "00:00:22", "end": "00:00:24", "text": "going to get into the price action here"}, {"start": "00:00:23", "end": "00:00:26", "text": "in a minute. But we also have our"}, {"start": "00:00:24", "end": "00:00:29", "text": "kickoff with our school community"}, {"start": "00:00:26", "end": "00:00:30", "text": "happening at 100 p.m. today. That's"}, {"start": "00:00:29", "end": "00:00:32", "text": "going to be a lot of fun already."}, {"start": "00:00:30", "end": "00:00:34", "text": "Incredible community going on in there."}, {"start": "00:00:32", "end": "00:00:37", "text": "Great questions and we're we're happy to"}, {"start": "00:00:34", "end": "00:00:39", "text": "finally have a really good place where"}, {"start": "00:00:37", "end": "00:00:40", "text": "we can get to know you guys better,"}, {"start": "00:00:39", "end": "00:00:42", "text": "understand your portfolios, understand"}, {"start": "00:00:40", "end": "00:00:45", "text": "where you guys are at. Uh we've used"}, {"start": "00:00:42", "end": "00:00:47", "text": "Discord in the past. School is way"}, {"start": "00:00:45", "end": "00:00:49", "text": "better. Already seeing good stuff and"}, {"start": "00:00:47", "end": "00:00:50", "text": "even community members saying this is a"}, {"start": "00:00:49", "end": "00:00:52", "text": "thousand times better. So if you guys"}, {"start": "00:00:50", "end": "00:00:53", "text": "aren't in there yet, jump in. Uh but"}, {"start": "00:00:52", "end": "00:00:56", "text": "yeah, it's going to be a good show"}, {"start": "00:00:53", "end": "00:00:59", "text": "today. Drew, we've got Trump waking up"}, {"start": "00:00:56", "end": "00:01:01", "text": "and choosing violence yet again. I think"}, {"start": "00:00:59", "end": "00:01:03", "text": "what did you say? Got America, US got"}, {"start": "00:01:01", "end": "00:01:04", "text": "booted out of the World Cup. He got"}, {"start": "00:01:03", "end": "00:01:06", "text": "bored and decided to go back to bombing"}, {"start": "00:01:04", "end": "00:01:08", "text": "Iran. I guess here we are."}, {"start": "00:01:06", "end": "00:01:10", "text": ">> Absolutely. You know, we lost its"}, {"start": "00:01:08", "end": "00:01:12", "text": "soccer. So, it's back to bombing Iran."}, {"start": "00:01:10", "end": "00:01:16", "text": "Bitcoin paying the price in the short"}, {"start": "00:01:12", "end": "00:01:20", "text": "term sitting right around $61,800"}, {"start": "00:01:16", "end": "00:01:22", "text": "as things sit right now. Um, and just a"}, {"start": "00:01:20", "end": "00:01:26", "text": "quick write up on what we're seeing here"}, {"start": "00:01:22", "end": "00:01:28", "text": "is oil is soaring on the news. We have a"}, {"start": "00:01:26", "end": "00:01:31", "text": "live market look and he's also chosen"}, {"start": "00:01:28", "end": "00:01:33", "text": "violence against Spain in word sense out"}, {"start": "00:01:31", "end": "00:01:36", "text": "of the NATO summit yesterday in Turkey."}, {"start": "00:01:33", "end": "00:01:38", "text": "First, I'll read up on this Trump"}, {"start": "00:01:36", "end": "00:01:41", "text": "debacle here. Trump says Iran ceasefire"}, {"start": "00:01:38", "end": "00:01:43", "text": "is over. Bitcoin slipped obviously and"}, {"start": "00:01:41", "end": "00:01:46", "text": "he said Wednesday the fragile ceasefire"}, {"start": "00:01:43", "end": "00:01:48", "text": "recently reached with Iran is over after"}, {"start": "00:01:46", "end": "00:01:50", "text": "the two nations exchanged air strikes"}, {"start": "00:01:48", "end": "00:01:54", "text": "injected renewed geopolitical"}, {"start": "00:01:50", "end": "00:01:57", "text": "uncertainty in financial markets. Now"}, {"start": "00:01:54", "end": "00:01:59", "text": "the memorandum of understanding and the"}, {"start": "00:01:57", "end": "00:02:02", "text": "ceasefire with Iran obviously that's"}, {"start": "00:01:59", "end": "00:02:05", "text": "kaput. Trump seems to be at the end of"}, {"start": "00:02:02", "end": "00:02:07", "text": "his rope. He did do an interview about"}, {"start": "00:02:05", "end": "00:02:10", "text": "this specific subject that we got to"}, {"start": "00:02:07", "end": "00:02:11", "text": "take a listen to. Um, yeah, school is 10"}, {"start": "00:02:10", "end": "00:02:15", "text": "times better. If you guys aren't in on"}, {"start": "00:02:11", "end": "00:02:18", "text": "school, we have our kickoff today, uh,"}, {"start": "00:02:15", "end": "00:02:19", "text": "100 pm Eastern Standard Time. So, get"}, {"start": "00:02:18", "end": "00:02:21", "text": "in. We have the link down in the"}, {"start": "00:02:19", "end": "00:02:22", "text": "description. The school and honestly,"}, {"start": "00:02:21", "end": "00:02:26", "text": "another thing, TJ, that I really liked"}, {"start": "00:02:22", "end": "00:02:29", "text": "about school is that I can make a very"}, {"start": "00:02:26", "end": "00:02:32", "text": "specified video about any subject matter"}, {"start": "00:02:29", "end": "00:02:34", "text": ">> that has a long write up, almost like a"}, {"start": "00:02:32", "end": "00:02:36", "text": "it's hard to describe. It's it's almost"}, {"start": "00:02:34", "end": "00:02:38", "text": "like a thread but longer information"}, {"start": "00:02:36", "end": "00:02:41", "text": "post really in-depth post but then a"}, {"start": "00:02:38", "end": "00:02:43", "text": "video to go on top of every single uh"}, {"start": "00:02:41", "end": "00:02:46", "text": "kind of main thought that I that I come"}, {"start": "00:02:43", "end": "00:02:49", "text": "across in crypto which you know I really"}, {"start": "00:02:46", "end": "00:02:52", "text": "uh think is quite cool. Now I want to"}, {"start": "00:02:49", "end": "00:02:54", "text": "dive into Trump's message that he"}, {"start": "00:02:52", "end": "00:02:56", "text": "delivered. It's not looking good. It's"}, {"start": "00:02:54", "end": "00:02:59", "text": "not looking peaceful. This is Trump"}, {"start": "00:02:56", "end": "00:03:02", "text": "talking at the uh NATO summit yesterday"}, {"start": "00:02:59", "end": "00:03:06", "text": "when reporters pushed him for an answer"}, {"start": "00:03:02", "end": "00:03:06", "text": "on this Iran debacle."}, {"start": "00:03:08", "end": "00:03:10", "text": ">> Oh, I don't hear it. You just tested it,"}, {"start": "00:03:10", "end": "00:03:14", "text": "but I don't hear it."}, {"start": "00:03:10", "end": "00:03:16", "text": ">> Oh, here I'll I'll re I'll re uh maybe I"}, {"start": "00:03:14", "end": "00:03:17", "text": "don't know why. Oh, there we go. Here we"}, {"start": "00:03:16", "end": "00:03:19", "text": "go. I got it fixed."}, {"start": "00:03:17", "end": "00:03:22", "text": ">> Cease fire over. Is is the ceasefire"}, {"start": "00:03:19", "end": "00:03:26", "text": "done? Is theou dead?"}, {"start": "00:03:22", "end": "00:03:28", "text": "It's a very interesting question to me."}, {"start": "00:03:26", "end": "00:03:30", "text": "I think it's over. I don't want to deal"}, {"start": "00:03:28", "end": "00:03:32", "text": "with them anymore. They're scum. You"}, {"start": "00:03:30", "end": "00:03:35", "text": "know what scum is? They're scum. They're"}, {"start": "00:03:32", "end": "00:03:38", "text": "sick people. They're led by sick people"}, {"start": "00:03:35", "end": "00:03:40", "text": "and they're vicious, violent people. And"}, {"start": "00:03:38", "end": "00:03:42", "text": "if they had a nuclear weapon, they'd use"}, {"start": "00:03:40", "end": "00:03:45", "text": "it. As far as I'm concerned, it's over."}, {"start": "00:03:42", "end": "00:03:47", "text": "I'll speak to our negotiators. They want"}, {"start": "00:03:45", "end": "00:03:50", "text": "to negotiate. They're good people. Steve"}, {"start": "00:03:47", "end": "00:03:52", "text": "Woodco, Jared Kushner, but they have to"}, {"start": "00:03:50", "end": "00:03:53", "text": "come back to me. As far as I'm"}, {"start": "00:03:52", "end": "00:03:56", "text": "concerned, it's just a waste of time"}, {"start": "00:03:53", "end": "00:03:58", "text": "dealing with them. They're liars. We"}, {"start": "00:03:56", "end": "00:04:00", "text": "make a deal. And they if I make a deal"}, {"start": "00:03:58", "end": "00:04:02", "text": "with him, we have a deal and he goes"}, {"start": "00:04:00", "end": "00:04:05", "text": "out, he talks. We make a deal."}, {"start": "00:04:02", "end": "00:04:06", "text": "Everyone's agreed. No nuclear weapon. We"}, {"start": "00:04:05", "end": "00:04:08", "text": "make a deal. They go outside, talk to"}, {"start": "00:04:06", "end": "00:04:10", "text": "the press, they say, \"We never even"}, {"start": "00:04:08", "end": "00:04:13", "text": "talked about it. There's something wrong"}, {"start": "00:04:10", "end": "00:04:14", "text": "with them. They're cuckoo.\""}, {"start": "00:04:13", "end": "00:04:18", "text": "As far as I'm concerned,"}, {"start": "00:04:14", "end": "00:04:20", "text": ">> he seems like a unhinged grandpa/g great"}, {"start": "00:04:18", "end": "00:04:22", "text": "uncle at this point. That's reached the"}, {"start": "00:04:20", "end": "00:04:25", "text": "end of his rope and negotiations"}, {"start": "00:04:22", "end": "00:04:27", "text": "obviously with Witoff and Kushner"}, {"start": "00:04:25", "end": "00:04:30", "text": "ongoing. Great people, friend of the"}, {"start": "00:04:27", "end": "00:04:32", "text": "channel, of course. Um, you know, this"}, {"start": "00:04:30", "end": "00:04:34", "text": "is not looking good and obviously we're"}, {"start": "00:04:32", "end": "00:04:35", "text": "paying the price for it here on the"}, {"start": "00:04:34", "end": "00:04:38", "text": "crypto market. What do we got here from"}, {"start": "00:04:35", "end": "00:04:41", "text": "uh Banana Republic aka meanless calling"}, {"start": "00:04:38", "end": "00:04:43", "text": "it quits moving to Argentina building a"}, {"start": "00:04:41", "end": "00:04:45", "text": "bunker and finally starting my setup."}, {"start": "00:04:43", "end": "00:04:49", "text": "You know, Argentina ain't bad. Argentina"}, {"start": "00:04:45", "end": "00:04:51", "text": "ain't bad. Um shout out to Messi. Shout"}, {"start": "00:04:49", "end": "00:04:53", "text": "out to Messi in that Egypt win. A lot of"}, {"start": "00:04:51", "end": "00:04:55", "text": "controversy behind that,"}, {"start": "00:04:53", "end": "00:04:57", "text": ">> but uh my son's favorite soccer player"}, {"start": "00:04:55", "end": "00:05:00", "text": "is Messi, so he's pretty excited about"}, {"start": "00:04:57", "end": "00:05:02", "text": "it. Now,"}, {"start": "00:05:00", "end": "00:05:05", "text": "I've already talked about this."}, {"start": "00:05:02", "end": "00:05:07", "text": "Regardless of the headlines, military"}, {"start": "00:05:05", "end": "00:05:11", "text": "preparations for 2027 in Iran are"}, {"start": "00:05:07", "end": "00:05:13", "text": "underway. So, I wish Trump would just"}, {"start": "00:05:11", "end": "00:05:17", "text": "stop talking about what's going to"}, {"start": "00:05:13", "end": "00:05:22", "text": "happen and just move with a little bit"}, {"start": "00:05:17", "end": "00:05:24", "text": "of operational security. L less talk,"}, {"start": "00:05:22", "end": "00:05:26", "text": "more action essentially. But, you know,"}, {"start": "00:05:24", "end": "00:05:29", "text": "that's just me. Some people think that"}, {"start": "00:05:26", "end": "00:05:33", "text": "it's unreasonable and honestly the"}, {"start": "00:05:29", "end": "00:05:35", "text": "situation at hand right now it's a real"}, {"start": "00:05:33", "end": "00:05:37", "text": "what's going on right now is a dis not"}, {"start": "00:05:35", "end": "00:05:41", "text": "just a discussion but a conflict over"}, {"start": "00:05:37", "end": "00:05:43", "text": "who controls world maritime trade in a"}, {"start": "00:05:41", "end": "00:05:47", "text": "geopolitical and a geoeconomic setup"}, {"start": "00:05:43", "end": "00:05:49", "text": "that is set up as a globalist commerce."}, {"start": "00:05:47", "end": "00:05:52", "text": "You have pinch points of commercial"}, {"start": "00:05:49", "end": "00:05:55", "text": "vessels moving through locations that"}, {"start": "00:05:52", "end": "00:05:58", "text": "are contested by multiple nations. This"}, {"start": "00:05:55", "end": "00:06:01", "text": "is a contest to see who controls these"}, {"start": "00:05:58", "end": "00:06:03", "text": "open waterways and you know America"}, {"start": "00:06:01", "end": "00:06:05", "text": "obviously I think this is a pretty"}, {"start": "00:06:03", "end": "00:06:07", "text": "obvious situation where America is going"}, {"start": "00:06:05", "end": "00:06:09", "text": "to be sticking its head into the mix and"}, {"start": "00:06:07", "end": "00:06:12", "text": "um you know trying to control that"}, {"start": "00:06:09", "end": "00:06:14", "text": "waterway as well. So you know that's my"}, {"start": "00:06:12", "end": "00:06:15", "text": "take on it. What am I crazy in this TJ?"}, {"start": "00:06:14", "end": "00:06:17", "text": "Because this is how I feel is this is"}, {"start": "00:06:15", "end": "00:06:20", "text": "basically just boiling down to who"}, {"start": "00:06:17", "end": "00:06:22", "text": "controls world commerce. Um and America"}, {"start": "00:06:20", "end": "00:06:24", "text": "wants to retain that dominance."}, {"start": "00:06:22", "end": "00:06:26", "text": ">> Yeah. I mean, there's a lot of layers to"}, {"start": "00:06:24", "end": "00:06:28", "text": "this. I I I'm kind of I mean, you can"}, {"start": "00:06:26", "end": "00:06:33", "text": "see some of the chat stuff going on"}, {"start": "00:06:28", "end": "00:06:36", "text": "here. And um I I you know, there's"}, {"start": "00:06:33", "end": "00:06:37", "text": "there's a lot of truth to"}, {"start": "00:06:36", "end": "00:06:39", "text": "politics, right? There's a lot of money"}, {"start": "00:06:37", "end": "00:06:42", "text": "that gets involved in a lot of this"}, {"start": "00:06:39", "end": "00:06:44", "text": "stuff. And like to your point, yes, I do"}, {"start": "00:06:42", "end": "00:06:46", "text": "think it comes down to who can control"}, {"start": "00:06:44", "end": "00:06:48", "text": "the resources. That's really what we're"}, {"start": "00:06:46", "end": "00:06:50", "text": "talking about here. Has very little to"}, {"start": "00:06:48", "end": "00:06:53", "text": "do with human rights. That's always a"}, {"start": "00:06:50", "end": "00:06:55", "text": "cover. has very little to do with uh"}, {"start": "00:06:53", "end": "00:06:58", "text": "whatever they're actually talking about"}, {"start": "00:06:55", "end": "00:07:00", "text": "is usually not the real thing. Um and"}, {"start": "00:06:58", "end": "00:07:01", "text": "this is why again this is why we Bitcoin"}, {"start": "00:07:00", "end": "00:07:03", "text": "in a lot of different ways. This is why"}, {"start": "00:07:01", "end": "00:07:07", "text": "self-custody is so important and that's"}, {"start": "00:07:03", "end": "00:07:09", "text": "why in my opinion the truest bitcoin is"}, {"start": "00:07:07", "end": "00:07:11", "text": "the truest form of liberty and freedom"}, {"start": "00:07:09", "end": "00:07:14", "text": "and we our money got co-opted a long"}, {"start": "00:07:11", "end": "00:07:16", "text": "time ago and you can you can"}, {"start": "00:07:14", "end": "00:07:18", "text": ">> you can make your bets on who did that"}, {"start": "00:07:16", "end": "00:07:21", "text": "and why and what the motivations were."}, {"start": "00:07:18", "end": "00:07:22", "text": "You know, obviously, you know, many of"}, {"start": "00:07:21", "end": "00:07:24", "text": "us on this channel not fan of central"}, {"start": "00:07:22", "end": "00:07:26", "text": "banks and you can kind of go dig into"}, {"start": "00:07:24", "end": "00:07:28", "text": "the history of central banks and then"}, {"start": "00:07:26", "end": "00:07:29", "text": "the way they've, you know, arguably"}, {"start": "00:07:28", "end": "00:07:31", "text": "ruined Europe and they're kind of"}, {"start": "00:07:29", "end": "00:07:35", "text": "co-opting the West and all these sorts"}, {"start": "00:07:31", "end": "00:07:37", "text": "of things, but this is why Bitcoin is so"}, {"start": "00:07:35", "end": "00:07:38", "text": "important and owning your own, having"}, {"start": "00:07:37", "end": "00:07:39", "text": "your own. I know you were talking about"}, {"start": "00:07:38", "end": "00:07:42", "text": "some of this yesterday. We're going to"}, {"start": "00:07:39", "end": "00:07:44", "text": "be doing most likely strategic reserves"}, {"start": "00:07:42", "end": "00:07:46", "text": "and all that sort of stuff, but"}, {"start": "00:07:44", "end": "00:07:48", "text": "self-custody is incredibly important"}, {"start": "00:07:46", "end": "00:07:50", "text": "with Arculus. That's why we partner with"}, {"start": "00:07:48", "end": "00:07:52", "text": "Arculus on this channel. If you guys uh"}, {"start": "00:07:50", "end": "00:07:53", "text": "haven't used the code DC20, they're"}, {"start": "00:07:52", "end": "00:07:55", "text": "actually running a special right now. I"}, {"start": "00:07:53", "end": "00:07:57", "text": "don't have the graphic in front of me."}, {"start": "00:07:55", "end": "00:08:00", "text": "Yep, there you go. Boom. You've got it."}, {"start": "00:07:57", "end": "00:08:01", "text": "So, uh yeah, 250 years in America. You"}, {"start": "00:08:00", "end": "00:08:06", "text": "get a you get a discount. You get even"}, {"start": "00:08:01", "end": "00:08:09", "text": "more off when you use our code DC20. So,"}, {"start": "00:08:06", "end": "00:08:11", "text": ">> uh I am a huge advocate for holding your"}, {"start": "00:08:09", "end": "00:08:13", "text": "own Bitcoin, having your own keys, and"}, {"start": "00:08:11", "end": "00:08:16", "text": "having true freedom that nobody can take"}, {"start": "00:08:13", "end": "00:08:18", "text": "away from you. So, very important there."}, {"start": "00:08:16", "end": "00:08:22", "text": "Um, and on that note, we've got C"}, {"start": "00:08:18", "end": "00:08:24", "text": "Cynthia Lumis talking about the Clarity"}, {"start": "00:08:22", "end": "00:08:26", "text": "Act and kind of she wants obviously"}, {"start": "00:08:24", "end": "00:08:28", "text": "she's one of the biggest proponents for"}, {"start": "00:08:26", "end": "00:08:30", "text": "the Bitcoin Reserve and she's out here"}, {"start": "00:08:28", "end": "00:08:32", "text": "saying this is our la effectively our"}, {"start": "00:08:30", "end": "00:08:34", "text": "last chance to get it passed until 2030."}, {"start": "00:08:32", "end": "00:08:35", "text": "If we fail to pass it, we're ensuring"}, {"start": "00:08:34", "end": "00:08:36", "text": "another country will write the rules for"}, {"start": "00:08:35", "end": "00:08:38", "text": "Bitcoin."}, {"start": "00:08:36", "end": "00:08:40", "text": ">> I'm not so sure about that. It's a nice"}, {"start": "00:08:38", "end": "00:08:42", "text": "talking point. Uh, and we'll spend a"}, {"start": "00:08:40", "end": "00:08:45", "text": "decade catching up. So she's working"}, {"start": "00:08:42", "end": "00:08:48", "text": "very very hard to try to get this passed"}, {"start": "00:08:45", "end": "00:08:50", "text": "and we will retweet this because uh you"}, {"start": "00:08:48", "end": "00:08:51", "text": "know it it would be good to get this you"}, {"start": "00:08:50", "end": "00:08:53", "text": "know clarity in the US and really the"}, {"start": "00:08:51", "end": "00:08:56", "text": "strategic reserve I do think is"}, {"start": "00:08:53", "end": "00:08:58", "text": "important for the US to secure its"}, {"start": "00:08:56", "end": "00:09:01", "text": "standing long term but forget about the"}, {"start": "00:08:58", "end": "00:09:02", "text": "US right you need to worry about you and"}, {"start": "00:09:01", "end": "00:09:04", "text": "you the one thing that this is something"}, {"start": "00:09:02", "end": "00:09:07", "text": "that I think it's is important for"}, {"start": "00:09:04", "end": "00:09:08", "text": "people to remember you have to focus on"}, {"start": "00:09:07", "end": "00:09:11", "text": "what you can control if you get all"}, {"start": "00:09:08", "end": "00:09:13", "text": "caught up in geopolit like politics is"}, {"start": "00:09:11", "end": "00:09:15", "text": "largely there to distract you from"}, {"start": "00:09:13", "end": "00:09:17", "text": "things you can actually influence. And"}, {"start": "00:09:15", "end": "00:09:19", "text": "at the end of the day, none of us have"}, {"start": "00:09:17", "end": "00:09:21", "text": "very much influence over what's going on"}, {"start": "00:09:19", "end": "00:09:23", "text": "geopolitically, strategically, on a"}, {"start": "00:09:21", "end": "00:09:25", "text": "military basis. But what we can control"}, {"start": "00:09:23", "end": "00:09:28", "text": "is what we do with our own finances and"}, {"start": "00:09:25", "end": "00:09:30", "text": "how we invest it and how we manage"}, {"start": "00:09:28", "end": "00:09:32", "text": "ourselves, the the way we invest our"}, {"start": "00:09:30", "end": "00:09:34", "text": "time and the way we invest our capital."}, {"start": "00:09:32", "end": "00:09:37", "text": "Those to me, time is the most precious"}, {"start": "00:09:34", "end": "00:09:39", "text": "asset. It's obviously a set supply. Uh"}, {"start": "00:09:37", "end": "00:09:40", "text": "but the the the trick with this is like"}, {"start": "00:09:39", "end": "00:09:42", "text": "with Bitcoin, you know there's going to"}, {"start": "00:09:40", "end": "00:09:44", "text": "be 21 million. With time, you don't know"}, {"start": "00:09:42", "end": "00:09:46", "text": "if you're going to get 50 years, 20"}, {"start": "00:09:44", "end": "00:09:48", "text": "years, 30 years, 80 years. So you need"}, {"start": "00:09:46", "end": "00:09:50", "text": "to treat every moment very preciously."}, {"start": "00:09:48", "end": "00:09:52", "text": "So how you invest your time and how you"}, {"start": "00:09:50", "end": "00:09:55", "text": "invest your stored resources, your"}, {"start": "00:09:52", "end": "00:09:57", "text": "capital, uh your money are is what you"}, {"start": "00:09:55", "end": "00:09:58", "text": "can control."}, {"start": "00:09:57", "end": "00:10:00", "text": ">> That's a big part of what we're going to"}, {"start": "00:09:58", "end": "00:10:02", "text": "be focused on in school. You know,"}, {"start": "00:10:00", "end": "00:10:04", "text": "school is designed to help you have some"}, {"start": "00:10:02", "end": "00:10:05", "text": "accountability. We're going to be"}, {"start": "00:10:04", "end": "00:10:07", "text": "talking about this on the call today."}, {"start": "00:10:05", "end": "00:10:10", "text": "Have a plan, have a system, have goals,"}, {"start": "00:10:07", "end": "00:10:11", "text": "and really get your house in order to"}, {"start": "00:10:10", "end": "00:10:13", "text": "make sure you're striving towards things"}, {"start": "00:10:11", "end": "00:10:15", "text": "that actually make a difference in your"}, {"start": "00:10:13", "end": "00:10:16", "text": "life. Because it's the the biggest"}, {"start": "00:10:15", "end": "00:10:19", "text": "motivation behind us doing this is we"}, {"start": "00:10:16", "end": "00:10:21", "text": "realize we've made so much content."}, {"start": "00:10:19", "end": "00:10:23", "text": "We've given so much information, it"}, {"start": "00:10:21", "end": "00:10:25", "text": "becomes information overload. And I look"}, {"start": "00:10:23", "end": "00:10:28", "text": "and see people every single day that"}, {"start": "00:10:25", "end": "00:10:30", "text": "watch tons of videos and consume a ton"}, {"start": "00:10:28", "end": "00:10:32", "text": "of content, but never actually get into"}, {"start": "00:10:30", "end": "00:10:35", "text": "action. And a lot of times the actions"}, {"start": "00:10:32", "end": "00:10:37", "text": "can be quite simple, but they need to be"}, {"start": "00:10:35", "end": "00:10:39", "text": "followed with discipline and consistency"}, {"start": "00:10:37", "end": "00:10:40", "text": "in order for it to actually change your"}, {"start": "00:10:39", "end": "00:10:43", "text": "life. That's what I've been doing this"}, {"start": "00:10:40", "end": "00:10:46", "text": "for almost 10 years. And it's the"}, {"start": "00:10:43", "end": "00:10:48", "text": "consistent uh discipline to grow my"}, {"start": "00:10:46", "end": "00:10:49", "text": "Bitcoin stack over time, even if it's a"}, {"start": "00:10:48", "end": "00:10:52", "text": "little bit at a time during there were"}, {"start": "00:10:49", "end": "00:10:54", "text": "seasons when I didn't have much income"}, {"start": "00:10:52", "end": "00:10:56", "text": "coming in and I was still sticking to"}, {"start": "00:10:54", "end": "00:10:58", "text": "the plan. And that's why it's resulted"}, {"start": "00:10:56", "end": "00:11:00", "text": "in millions of dollars now is because I"}, {"start": "00:10:58", "end": "00:11:02", "text": "stuck to the plan. And so you don't want"}, {"start": "00:11:00", "end": "00:11:04", "text": "to get caught up in the emotions and"}, {"start": "00:11:02", "end": "00:11:06", "text": "that's again what news and oftentimes"}, {"start": "00:11:04", "end": "00:11:08", "text": "YouTube and we've been we've been part"}, {"start": "00:11:06", "end": "00:11:10", "text": "of that too like we have to run"}, {"start": "00:11:08", "end": "00:11:13", "text": "headlines and do those sorts of things"}, {"start": "00:11:10", "end": "00:11:15", "text": "and news is largely hyperbole that's"}, {"start": "00:11:13", "end": "00:11:18", "text": "designed to get to create an emotional"}, {"start": "00:11:15", "end": "00:11:19", "text": "reaction and so"}, {"start": "00:11:18", "end": "00:11:21", "text": ">> uh that's what I want to encourage you"}, {"start": "00:11:19", "end": "00:11:23", "text": "guys not to get sucked into and that's"}, {"start": "00:11:21", "end": "00:11:26", "text": "where we're moving towards being less a"}, {"start": "00:11:23", "end": "00:11:28", "text": "part of that. So um yeah that's that's"}, {"start": "00:11:26", "end": "00:11:30", "text": "my rant for the day. uh get in school,"}, {"start": "00:11:28", "end": "00:11:32", "text": "let us, you know, talk with us and we're"}, {"start": "00:11:30", "end": "00:11:34", "text": "going to be going slow and methodical"}, {"start": "00:11:32", "end": "00:11:36", "text": "and making goals and investing little by"}, {"start": "00:11:34", "end": "00:11:38", "text": "little because this is the one thing I"}, {"start": "00:11:36", "end": "00:11:40", "text": "see people get caught up the most in"}, {"start": "00:11:38", "end": "00:11:42", "text": "crypto. They're trying to get rich"}, {"start": "00:11:40", "end": "00:11:44", "text": "quick. And you know, you've heard it"}, {"start": "00:11:42", "end": "00:11:46", "text": "probably said before, Bitcoin isn't a"}, {"start": "00:11:44", "end": "00:11:48", "text": "get-richquick scheme. It's a not don't"}, {"start": "00:11:46", "end": "00:11:50", "text": "get poor slow scheme. And that's what"}, {"start": "00:11:48", "end": "00:11:52", "text": "happens if you're staying in dollars"}, {"start": "00:11:50", "end": "00:11:54", "text": ">> is you're just slowly getting your"}, {"start": "00:11:52", "end": "00:11:57", "text": "savings inflated away. But if you save"}, {"start": "00:11:54", "end": "00:11:58", "text": "in Bitcoin and invest in speculative"}, {"start": "00:11:57", "end": "00:12:00", "text": "assets that you're able to roll into"}, {"start": "00:11:58", "end": "00:12:02", "text": "Bitcoin and then eventually once you get"}, {"start": "00:12:00", "end": "00:12:04", "text": "to a certain level, you can really start"}, {"start": "00:12:02", "end": "00:12:06", "text": "compounding and building a flywheel"}, {"start": "00:12:04", "end": "00:12:09", "text": "where you know you've got your income"}, {"start": "00:12:06", "end": "00:12:10", "text": "covered and you've got uh you know uh"}, {"start": "00:12:09", "end": "00:12:12", "text": "income earning investments and all that"}, {"start": "00:12:10", "end": "00:12:14", "text": "sort of stuff that you just keep"}, {"start": "00:12:12", "end": "00:12:15", "text": "stacking and stacking and stacking and"}, {"start": "00:12:14", "end": "00:12:17", "text": "then you really that's when you truly"}, {"start": "00:12:15", "end": "00:12:18", "text": "reach financial freedom. So, that's"}, {"start": "00:12:17", "end": "00:12:20", "text": "that's what we want to help you all get"}, {"start": "00:12:18", "end": "00:12:22", "text": "to and that's why we're changing the way"}, {"start": "00:12:20", "end": "00:12:24", "text": "we're doing some of our content. And I"}, {"start": "00:12:22", "end": "00:12:26", "text": "hope I guess give me a plus one in the"}, {"start": "00:12:24", "end": "00:12:27", "text": "chat if that's what you guys are"}, {"start": "00:12:26", "end": "00:12:28", "text": "interested in or if you like the"}, {"start": "00:12:27", "end": "00:12:32", "text": "direction we're taking this stuff"}, {"start": "00:12:28", "end": "00:12:33", "text": "because really this is a result of some"}, {"start": "00:12:32", "end": "00:12:34", "text": "of the feedback we've got from you guys"}, {"start": "00:12:33", "end": "00:12:36", "text": "in the community. I just want to make"}, {"start": "00:12:34", "end": "00:12:37", "text": "sure we're listening and hearing and"}, {"start": "00:12:36", "end": "00:12:40", "text": "moving in that direction. So, let me"}, {"start": "00:12:37", "end": "00:12:42", "text": "know. And uh like I said, I can't wait"}, {"start": "00:12:40", "end": "00:12:44", "text": "for the call later today. And we are"}, {"start": "00:12:42", "end": "00:12:46", "text": "going to have a guest on a little bit"}, {"start": "00:12:44", "end": "00:12:48", "text": "later into the show that has done some"}, {"start": "00:12:46", "end": "00:12:51", "text": "of this and he set up a really"}, {"start": "00:12:48", "end": "00:12:53", "text": "interesting product uh that helps people"}, {"start": "00:12:51", "end": "00:12:55", "text": "take advantage of this sort of stuff and"}, {"start": "00:12:53", "end": "00:12:57", "text": "leverage their Bitcoin for life-changing"}, {"start": "00:12:55", "end": "00:12:59", "text": "uh to be able to impact their lives"}, {"start": "00:12:57", "end": "00:13:00", "text": "without having to separate from their"}, {"start": "00:12:59", "end": "00:13:02", "text": "Bitcoin, which is important."}, {"start": "00:13:00", "end": "00:13:04", "text": ">> That's an important lesson to take in."}, {"start": "00:13:02", "end": "00:13:06", "text": "And obviously, you know, the market,"}, {"start": "00:13:04", "end": "00:13:08", "text": "it's caused some turmoil, some high"}, {"start": "00:13:06", "end": "00:13:10", "text": "emotions, right? And if you take a look"}, {"start": "00:13:08", "end": "00:13:13", "text": "since we were at the 126 mark to where"}, {"start": "00:13:10", "end": "00:13:16", "text": "we've fallen down to right now at about"}, {"start": "00:13:13", "end": "00:13:20", "text": "$61,000 from high to low, we've dropped"}, {"start": "00:13:16", "end": "00:13:23", "text": "by about 52%. But we've lost two"}, {"start": "00:13:20", "end": "00:13:24", "text": "parallel channels in a row and now are"}, {"start": "00:13:23", "end": "00:13:27", "text": "trying to find that point of support"}, {"start": "00:13:24", "end": "00:13:31", "text": "that we expected to see here in the mid"}, {"start": "00:13:27", "end": "00:13:33", "text": "to higher 50s. And uh you know what it's"}, {"start": "00:13:31", "end": "00:13:37", "text": "not a guarantee but we are seeing some"}, {"start": "00:13:33", "end": "00:13:38", "text": "signs of fight here in crypto. And you"}, {"start": "00:13:37", "end": "00:13:40", "text": "know this is causing high emotions"}, {"start": "00:13:38", "end": "00:13:44", "text": "especially on X. This is one of the best"}, {"start": "00:13:40", "end": "00:13:46", "text": "posts I saw on X. With inflation at 7.5%"}, {"start": "00:13:44", "end": "00:13:48", "text": "you lose half your money in 9 years. The"}, {"start": "00:13:46", "end": "00:13:51", "text": "only way to outperform that consistently"}, {"start": "00:13:48", "end": "00:13:54", "text": "that I have found is crypto. Just this"}, {"start": "00:13:51", "end": "00:13:59", "text": "year I've lost half my money. Now, this"}, {"start": "00:13:54", "end": "00:14:01", "text": "is a a a kind of a funny nod to top"}, {"start": "00:13:59", "end": "00:14:03", "text": "blasting. Do not top blast, right? We"}, {"start": "00:14:01", "end": "00:14:06", "text": "are in the season where we're back to"}, {"start": "00:14:03", "end": "00:14:09", "text": "cheap Bitcoin. We're back into a bare"}, {"start": "00:14:06", "end": "00:14:10", "text": "market and you know, crypto is very"}, {"start": "00:14:09", "end": "00:14:12", "text": "seasonal, very cyclical. If you're"}, {"start": "00:14:10", "end": "00:14:16", "text": "buying an amazing asset at the wrong"}, {"start": "00:14:12", "end": "00:14:18", "text": "time, very bad things can happen. So"}, {"start": "00:14:16", "end": "00:14:20", "text": "that just being said, I want to take a"}, {"start": "00:14:18", "end": "00:14:23", "text": "look at the broader market pullback from"}, {"start": "00:14:20", "end": "00:14:26", "text": "this Iranian escalation. After the news"}, {"start": "00:14:23", "end": "00:14:30", "text": "broke, the S&P 500 dropped a percent,"}, {"start": "00:14:26", "end": "00:14:33", "text": "NASDAQ down 1.5%, the Dow down 1.3, uh"}, {"start": "00:14:30", "end": "00:14:38", "text": "crude oil went up 5%, and Brent went up"}, {"start": "00:14:33", "end": "00:14:39", "text": "6%, gold taking a small pullback at 2.5%"}, {"start": "00:14:38", "end": "00:14:42", "text": "as the memorandum of understanding"}, {"start": "00:14:39", "end": "00:14:46", "text": "unwinds. Now, this is just the general"}, {"start": "00:14:42", "end": "00:14:48", "text": "view of the SNP 500, the S&P. And yes,"}, {"start": "00:14:46", "end": "00:14:51", "text": "this morning it's wow, we lost, we"}, {"start": "00:14:48", "end": "00:14:54", "text": "opened lower, you know, down whatever"}, {"start": "00:14:51", "end": "00:14:56", "text": "76%. But if I'm looking at the S&P 500"}, {"start": "00:14:54", "end": "00:14:58", "text": "from a larger perspective,"}, {"start": "00:14:56", "end": "00:15:01", "text": "this is a bull flag. What's being"}, {"start": "00:14:58", "end": "00:15:04", "text": "developed right now is a bull flag above"}, {"start": "00:15:01", "end": "00:15:07", "text": "previous resistance for the S&P 500."}, {"start": "00:15:04", "end": "00:15:09", "text": "America and its economy is hot right"}, {"start": "00:15:07", "end": "00:15:11", "text": "now. I know that a lot of people"}, {"start": "00:15:09", "end": "00:15:14", "text": "disagree with Trump when he says that,"}, {"start": "00:15:11", "end": "00:15:17", "text": "but looking at the S&P 500, kind of the"}, {"start": "00:15:14", "end": "00:15:19", "text": "main stay, you know, asset class for the"}, {"start": "00:15:17", "end": "00:15:22", "text": "United States economy and Wall Street,"}, {"start": "00:15:19", "end": "00:15:24", "text": "this is setting up a bull flag. It's not"}, {"start": "00:15:22", "end": "00:15:26", "text": "given that 20% correction that everyone"}, {"start": "00:15:24", "end": "00:15:28", "text": "is looking for. And I wouldn't be"}, {"start": "00:15:26", "end": "00:15:31", "text": "surprised to see the S&P kind of wythe"}, {"start": "00:15:28", "end": "00:15:33", "text": "back and forth between the support zone"}, {"start": "00:15:31", "end": "00:15:35", "text": "and the resistance downtrend right here"}, {"start": "00:15:33", "end": "00:15:37", "text": "until a break to the upside in my"}, {"start": "00:15:35", "end": "00:15:39", "text": "opinion is more likely out of this"}, {"start": "00:15:37", "end": "00:15:41", "text": "scenario. So I'm not too terribly"}, {"start": "00:15:39", "end": "00:15:43", "text": "concerned with it. And another thing,"}, {"start": "00:15:41", "end": "00:15:45", "text": "it's not all bad what Trump is doing. I"}, {"start": "00:15:43", "end": "00:15:46", "text": "will say this, he's talking about"}, {"start": "00:15:45", "end": "00:15:50", "text": "bringing Toyota back to the United"}, {"start": "00:15:46", "end": "00:15:52", "text": "States out of Mexico. And me being a"}, {"start": "00:15:50", "end": "00:15:54", "text": "Toyota Maxi, I love to see this. But I"}, {"start": "00:15:52", "end": "00:15:57", "text": "do agree with Native Patriot that he"}, {"start": "00:15:54", "end": "00:16:01", "text": "needs to bring back the Hilux in that"}, {"start": "00:15:57", "end": "00:16:03", "text": "process. Now, SpaceX, America's top"}, {"start": "00:16:01", "end": "00:16:05", "text": "space exploration company, is about to"}, {"start": "00:16:03", "end": "00:16:08", "text": "do some price exploration to the"}, {"start": "00:16:05", "end": "00:16:10", "text": "downside. We have a weak SBC start"}, {"start": "00:16:08", "end": "00:16:12", "text": "trading this morning, slightly under the"}, {"start": "00:16:10", "end": "00:16:15", "text": "support range. A lot of unmapped"}, {"start": "00:16:12", "end": "00:16:17", "text": "territory below to the downside. And you"}, {"start": "00:16:15", "end": "00:16:20", "text": "know, we were talking about the IPO when"}, {"start": "00:16:17", "end": "00:16:23", "text": "it originally came out,"}, {"start": "00:16:20", "end": "00:16:25", "text": "uh, waving an era of caution, right? An"}, {"start": "00:16:23", "end": "00:16:28", "text": "IPO that comes out at multi-t trillion"}, {"start": "00:16:25", "end": "00:16:30", "text": "dollar evaluations. You know, insiders"}, {"start": "00:16:28", "end": "00:16:32", "text": "needing to run the price up by 30% to"}, {"start": "00:16:30", "end": "00:16:36", "text": "get those next step of in unlocks"}, {"start": "00:16:32", "end": "00:16:38", "text": "happen. Now you have SpaceX writhing"}, {"start": "00:16:36", "end": "00:16:40", "text": "around at the bottom here of where it"}, {"start": "00:16:38", "end": "00:16:43", "text": "released. And a lot of people in the IPO"}, {"start": "00:16:40", "end": "00:16:45", "text": "got in around $135."}, {"start": "00:16:43", "end": "00:16:48", "text": "But there is room for price exploration"}, {"start": "00:16:45", "end": "00:16:50", "text": "to the downside on SPCX, the space"}, {"start": "00:16:48", "end": "00:16:52", "text": "exploration company of SpaceX. And"}, {"start": "00:16:50", "end": "00:16:55", "text": "actually, you know what? Thinking about"}, {"start": "00:16:52", "end": "00:16:58", "text": "this, if I see this price cut in half"}, {"start": "00:16:55", "end": "00:17:00", "text": "and if I can see under $100 per share,"}, {"start": "00:16:58", "end": "00:17:02", "text": "I'm getting in, right? I'm going to let"}, {"start": "00:17:00", "end": "00:17:04", "text": "some of the price action play out. Look"}, {"start": "00:17:02", "end": "00:17:08", "text": "for a general bottoming pattern to play"}, {"start": "00:17:04", "end": "00:17:10", "text": "out on this. And you know, I want to"}, {"start": "00:17:08", "end": "00:17:12", "text": "have SpaceX part of my portfolio. I'm"}, {"start": "00:17:10", "end": "00:17:14", "text": "just not ready to buy it right now"}, {"start": "00:17:12", "end": "00:17:17", "text": "because I do want to see how this uh"}, {"start": "00:17:14", "end": "00:17:19", "text": "performs currently. And yes,"}, {"start": "00:17:17", "end": "00:17:21", "text": ">> no, you're exactly right. That's what we"}, {"start": "00:17:19", "end": "00:17:23", "text": "said. I mean, there's a lot more unlocks"}, {"start": "00:17:21", "end": "00:17:25", "text": "to come. The way I would handle this is"}, {"start": "00:17:23", "end": "00:17:26", "text": "you want to wait till you can see a"}, {"start": "00:17:25", "end": "00:17:29", "text": "clear bottom forming. One could be"}, {"start": "00:17:26", "end": "00:17:31", "text": "forming now, but there's no there's no"}, {"start": "00:17:29", "end": "00:17:33", "text": "rush. Like I think long-term SpaceX"}, {"start": "00:17:31", "end": "00:17:35", "text": "could be a great project, but you want"}, {"start": "00:17:33", "end": "00:17:37", "text": "to wait until you get a confirmation of"}, {"start": "00:17:35", "end": "00:17:39", "text": "the bottom. One thing you learn in"}, {"start": "00:17:37", "end": "00:17:41", "text": "crypto is how to look at token unlock"}, {"start": "00:17:39", "end": "00:17:44", "text": "schedules. And when we looked at SpaceX,"}, {"start": "00:17:41", "end": "00:17:46", "text": "I think it was 5% that was available on"}, {"start": "00:17:44", "end": "00:17:49", "text": "that launch day, which is makes it very"}, {"start": "00:17:46", "end": "00:17:51", "text": "easy to pump when 95% of the supply is"}, {"start": "00:17:49", "end": "00:17:54", "text": "locked up. And so what you really want"}, {"start": "00:17:51", "end": "00:17:56", "text": "to understand is when those unlocks are"}, {"start": "00:17:54", "end": "00:17:57", "text": "happening. I I don't remember now off"}, {"start": "00:17:56", "end": "00:18:00", "text": "the top of my head. I think it was well"}, {"start": "00:17:57", "end": "00:18:02", "text": "into 2027 with the bulk of them."}, {"start": "00:18:00", "end": "00:18:04", "text": "Obviously, Elon Musk has a huge portion"}, {"start": "00:18:02", "end": "00:18:05", "text": "of it uh and is unlikely. If you just"}, {"start": "00:18:04", "end": "00:18:08", "text": "look at history, he's not going to"}, {"start": "00:18:05", "end": "00:18:10", "text": "massively dump his own project. That"}, {"start": "00:18:08", "end": "00:18:12", "text": "being said, to your point, it could have"}, {"start": "00:18:10", "end": "00:18:15", "text": "lower to go. It's unconfirmed right now."}, {"start": "00:18:12", "end": "00:18:17", "text": "We we told you all to proceed with"}, {"start": "00:18:15", "end": "00:18:19", "text": "extreme caution when it very first"}, {"start": "00:18:17", "end": "00:18:20", "text": "launched, and for a couple days, you"}, {"start": "00:18:19", "end": "00:18:22", "text": "know, that looked like uh maybe"}, {"start": "00:18:20", "end": "00:18:23", "text": "questionable advice, and people in the"}, {"start": "00:18:22", "end": "00:18:26", "text": "chat were saying, \"No, I don't know.\""}, {"start": "00:18:23", "end": "00:18:27", "text": "But now you guys can very clearly see uh"}, {"start": "00:18:26", "end": "00:18:30", "text": "this is exactly what we were talking"}, {"start": "00:18:27", "end": "00:18:33", "text": "about. They there was incentive for many"}, {"start": "00:18:30", "end": "00:18:36", "text": "insiders to get the price 30% IPO above"}, {"start": "00:18:33", "end": "00:18:38", "text": "the IPO because that unlocked a huge uh"}, {"start": "00:18:36", "end": "00:18:40", "text": "shelf of equity for them to be able to"}, {"start": "00:18:38", "end": "00:18:42", "text": "sell again. And that's almost I'm not"}, {"start": "00:18:40", "end": "00:18:44", "text": "saying that's exactly what happened but"}, {"start": "00:18:42", "end": "00:18:46", "text": "it looks like that's pretty close to"}, {"start": "00:18:44", "end": "00:18:48", "text": "what happened. So absolutely uh and this"}, {"start": "00:18:46", "end": "00:18:50", "text": "is the type of thing we are teaching in"}, {"start": "00:18:48", "end": "00:18:53", "text": "school as well is how to analyze from"}, {"start": "00:18:50", "end": "00:18:54", "text": "top to bottom like SpaceX is it a good"}, {"start": "00:18:53", "end": "00:18:56", "text": "project? Yes. Does it solve a real"}, {"start": "00:18:54", "end": "00:18:58", "text": "problem? Yes. Are are they actually"}, {"start": "00:18:56", "end": "00:19:02", "text": "generating revenue? Yes. Nowhere near"}, {"start": "00:18:58", "end": "00:19:03", "text": "their valuation and you know but you"}, {"start": "00:19:02", "end": "00:19:05", "text": "know there's there's token supply to be"}, {"start": "00:19:03", "end": "00:19:07", "text": "accounted for. There's valuation to be"}, {"start": "00:19:05", "end": "00:19:08", "text": "accounted for. There's hype. All these"}, {"start": "00:19:07", "end": "00:19:10", "text": "other things that you need to run"}, {"start": "00:19:08", "end": "00:19:12", "text": "through the full sevenstep framework to"}, {"start": "00:19:10", "end": "00:19:14", "text": "understand like could be a good"}, {"start": "00:19:12", "end": "00:19:16", "text": "investment and still not be the right"}, {"start": "00:19:14", "end": "00:19:17", "text": "time. And timing timing is one of the"}, {"start": "00:19:16", "end": "00:19:20", "text": "most important things whether you're"}, {"start": "00:19:17", "end": "00:19:21", "text": "timing a buy or timing a sell that's one"}, {"start": "00:19:20", "end": "00:19:23", "text": "of the most important things when you're"}, {"start": "00:19:21", "end": "00:19:25", "text": "investing in general. So"}, {"start": "00:19:23", "end": "00:19:27", "text": ">> absolutely and you know semiconductors"}, {"start": "00:19:25", "end": "00:19:30", "text": "have caused a lot of FOMO in a a very"}, {"start": "00:19:27", "end": "00:19:31", "text": "similar fashion. Now we are seeing some"}, {"start": "00:19:30", "end": "00:19:35", "text": "warning signs for the semiconductor"}, {"start": "00:19:31", "end": "00:19:36", "text": "stock sector falling below their 50-day"}, {"start": "00:19:35", "end": "00:19:39", "text": "moving average for the first time since"}, {"start": "00:19:36", "end": "00:19:42", "text": "April. Right. So, the last time we saw"}, {"start": "00:19:39", "end": "00:19:44", "text": "this, it was just a short-term wash out"}, {"start": "00:19:42", "end": "00:19:47", "text": "and a market reset back to the upside. I"}, {"start": "00:19:44", "end": "00:19:49", "text": "have identified a really good handful of"}, {"start": "00:19:47", "end": "00:19:51", "text": "my f favorite stocks within this"}, {"start": "00:19:49", "end": "00:19:54", "text": "industry that I am going to be dropping"}, {"start": "00:19:51", "end": "00:19:57", "text": "in school. Um, today I spent yesterday"}, {"start": "00:19:54", "end": "00:19:59", "text": "actually diving into a signal I think"}, {"start": "00:19:57", "end": "00:20:00", "text": "99.9%"}, {"start": "00:19:59", "end": "00:20:02", "text": "of the people that are actively holding"}, {"start": "00:20:00", "end": "00:20:05", "text": "altcoins do not see, have not been told"}, {"start": "00:20:02", "end": "00:20:08", "text": "about. this has not made its way over to"}, {"start": "00:20:05", "end": "00:20:10", "text": "the furries on X with their JPEG animal"}, {"start": "00:20:08", "end": "00:20:13", "text": "pictures. And I've dropped that"}, {"start": "00:20:10", "end": "00:20:15", "text": "information there first. So, you know,"}, {"start": "00:20:13", "end": "00:20:18", "text": "in general, what I see for semiconductor"}, {"start": "00:20:15", "end": "00:20:20", "text": "stocks is this is a reset. This is a"}, {"start": "00:20:18", "end": "00:20:22", "text": "price pullback and a reset, but there"}, {"start": "00:20:20", "end": "00:20:25", "text": "are a lot of really good companies"}, {"start": "00:20:22", "end": "00:20:27", "text": "within this industry that deserve my"}, {"start": "00:20:25", "end": "00:20:29", "text": "attention from the stock portfolio side,"}, {"start": "00:20:27", "end": "00:20:33", "text": "and I'll be diving into that inside the"}, {"start": "00:20:29", "end": "00:20:34", "text": "school. So now that being said, Bitcoin"}, {"start": "00:20:33", "end": "00:20:37", "text": "and Ethereum exchange supplies are"}, {"start": "00:20:34", "end": "00:20:40", "text": "hitting near historic levels. The"}, {"start": "00:20:37", "end": "00:20:43", "text": "Bitcoin lowest since 2017 and Ethereum"}, {"start": "00:20:40", "end": "00:20:45", "text": "sitting the lowest since 2015. This is"}, {"start": "00:20:43", "end": "00:20:47", "text": "signaling strong holder conviction. And"}, {"start": "00:20:45", "end": "00:20:50", "text": "now I have to give a lot of flowers to"}, {"start": "00:20:47", "end": "00:20:52", "text": "how Ethereum has held up in the recent"}, {"start": "00:20:50", "end": "00:20:55", "text": "market wash out. Um I was talking about"}, {"start": "00:20:52", "end": "00:20:57", "text": "that to a slight degree in the uh write"}, {"start": "00:20:55", "end": "00:21:00", "text": "up that I did last night, but I just"}, {"start": "00:20:57", "end": "00:21:02", "text": "want to take a gander at it here. and"}, {"start": "00:21:00", "end": "00:21:04", "text": "check out how Ethereum has been"}, {"start": "00:21:02", "end": "00:21:06", "text": "performing over the last few days"}, {"start": "00:21:04", "end": "00:21:09", "text": "because we had a very very sharp and an"}, {"start": "00:21:06", "end": "00:21:11", "text": "attempt to move back under that $1,400"}, {"start": "00:21:09", "end": "00:21:14", "text": "mark. But it is developing a pretty nice"}, {"start": "00:21:11", "end": "00:21:16", "text": "W pattern. Even more juice to this chart"}, {"start": "00:21:14", "end": "00:21:18", "text": "is actually underlaying on the Bitcoin"}, {"start": "00:21:16", "end": "00:21:22", "text": "dominance signal that I released last"}, {"start": "00:21:18", "end": "00:21:24", "text": "night. But in general, it's holding up"}, {"start": "00:21:22", "end": "00:21:26", "text": "very very well. and the dominance"}, {"start": "00:21:24", "end": "00:21:27", "text": "aspect. Uh Kelly touched on it last"}, {"start": "00:21:26", "end": "00:21:30", "text": "night, but then there's some deeper"}, {"start": "00:21:27", "end": "00:21:33", "text": "metrics within money flow that are"}, {"start": "00:21:30", "end": "00:21:37", "text": "signaling that I had to take something"}, {"start": "00:21:33", "end": "00:21:40", "text": "into account. The altcoin season last"}, {"start": "00:21:37", "end": "00:21:42", "text": "bull market did not happen at what"}, {"start": "00:21:40", "end": "00:21:45", "text": "people would call the right time. It"}, {"start": "00:21:42", "end": "00:21:47", "text": "instead occurred in 2024, two different"}, {"start": "00:21:45", "end": "00:21:51", "text": "times, March of 24 and then December of"}, {"start": "00:21:47", "end": "00:21:55", "text": "2024. And it did not go coincidingly"}, {"start": "00:21:51", "end": "00:21:58", "text": "with Bitcoin's highs by any degree, but"}, {"start": "00:21:55", "end": "00:22:00", "text": "it left a lot of people kind of doing"}, {"start": "00:21:58", "end": "00:22:02", "text": "guesswork in the altcoin sector, when"}, {"start": "00:22:00", "end": "00:22:03", "text": "it's going to blow off, when when you're"}, {"start": "00:22:02", "end": "00:22:06", "text": "going to have those great moments in"}, {"start": "00:22:03", "end": "00:22:09", "text": "altcoins. And so, you know, when I see"}, {"start": "00:22:06", "end": "00:22:11", "text": "Ethereum holding up this buoyantly in"}, {"start": "00:22:09", "end": "00:22:14", "text": "the midst of all of this geopolitical"}, {"start": "00:22:11", "end": "00:22:17", "text": "stress, this buy box, I mean, this"}, {"start": "00:22:14", "end": "00:22:20", "text": "essentially the thin green bar is going"}, {"start": "00:22:17", "end": "00:22:22", "text": "to be back up the truck type zone. And"}, {"start": "00:22:20", "end": "00:22:26", "text": "essentially where we are all the way up"}, {"start": "00:22:22", "end": "00:22:28", "text": "to about $2,000 is a reasonable DCA"}, {"start": "00:22:26", "end": "00:22:31", "text": "entry point. Um, you know, this is"}, {"start": "00:22:28", "end": "00:22:32", "text": "likely to kind of crab along over the"}, {"start": "00:22:31", "end": "00:22:35", "text": "course of the next few months as the"}, {"start": "00:22:32", "end": "00:22:36", "text": "uncertainty continues with Iran and"}, {"start": "00:22:35", "end": "00:22:38", "text": "aliens or whatever they want, whatever"}, {"start": "00:22:36", "end": "00:22:41", "text": "else they want to shill to the world."}, {"start": "00:22:38", "end": "00:22:43", "text": "But in general, I think Ethereum is"}, {"start": "00:22:41", "end": "00:22:45", "text": "holding up very very well. And I do want"}, {"start": "00:22:43", "end": "00:22:49", "text": "to check out actually the money flow"}, {"start": "00:22:45", "end": "00:22:52", "text": "metrics on the daily. Uh, the money flow"}, {"start": "00:22:49", "end": "00:22:54", "text": "is recently riding off of a green dot"}, {"start": "00:22:52", "end": "00:22:56", "text": "print and the VWOP trigger wave cooked"}, {"start": "00:22:54", "end": "00:22:58", "text": "it back to the upside in the short term."}, {"start": "00:22:56", "end": "00:23:01", "text": "Oftent times I see these W patterns vibe"}, {"start": "00:22:58", "end": "00:23:03", "text": "check the center W center of the W here"}, {"start": "00:23:01", "end": "00:23:06", "text": "at about $1,600."}, {"start": "00:23:03", "end": "00:23:09", "text": "So my best case scenario for a bullish"}, {"start": "00:23:06", "end": "00:23:12", "text": "setup for Ethereum would be to see it"}, {"start": "00:23:09", "end": "00:23:14", "text": "retest about 1650"}, {"start": "00:23:12", "end": "00:23:16", "text": "and essentially be able to bounce off of"}, {"start": "00:23:14", "end": "00:23:18", "text": "the center point of that W, which does"}, {"start": "00:23:16", "end": "00:23:21", "text": "leave some short-term pain in the"}, {"start": "00:23:18", "end": "00:23:23", "text": "future. But in general, this thing is"}, {"start": "00:23:21", "end": "00:23:25", "text": "holding up very very well, especially"}, {"start": "00:23:23", "end": "00:23:27", "text": "with all the riskoff narrative that's"}, {"start": "00:23:25", "end": "00:23:29", "text": "been going on in the markets over the"}, {"start": "00:23:27", "end": "00:23:31", "text": "past few months. Now, this is"}, {"start": "00:23:29", "end": "00:23:35", "text": "interesting on a geopolitical side for"}, {"start": "00:23:31", "end": "00:23:36", "text": "crypto. Russia financial market. The"}, {"start": "00:23:35", "end": "00:23:38", "text": "committee behind the financial market"}, {"start": "00:23:36", "end": "00:23:41", "text": "has approved the final version of its"}, {"start": "00:23:38", "end": "00:23:43", "text": "own crypto bill, clearing the way for"}, {"start": "00:23:41", "end": "00:23:45", "text": "its second reading. They're trying to"}, {"start": "00:23:43", "end": "00:23:48", "text": "outpace the United States in our Clarity"}, {"start": "00:23:45", "end": "00:23:50", "text": "Act. Removing the mandatory crypto"}, {"start": "00:23:48", "end": "00:23:53", "text": "wallet address reporting only balances"}, {"start": "00:23:50", "end": "00:23:55", "text": "and transaction flows must be declared."}, {"start": "00:23:53", "end": "00:23:58", "text": "Permits legal purchase of securities and"}, {"start": "00:23:55", "end": "00:24:00", "text": "Russian digital financial assets using"}, {"start": "00:23:58", "end": "00:24:02", "text": "cryptocurrency and allows licensed"}, {"start": "00:24:00", "end": "00:24:04", "text": "Russian brokers or asset managers to"}, {"start": "00:24:02", "end": "00:24:06", "text": "trade on foreign crypto exchanges"}, {"start": "00:24:04", "end": "00:24:09", "text": "subject to jur jurisdictional"}, {"start": "00:24:06", "end": "00:24:11", "text": "friendliness aka not Coinbase in the"}, {"start": "00:24:09", "end": "00:24:15", "text": "United States. This is very interesting"}, {"start": "00:24:11", "end": "00:24:16", "text": "to me to see I mean we we just saw the"}, {"start": "00:24:15", "end": "00:24:19", "text": "straight of moose and the transactions"}, {"start": "00:24:16", "end": "00:24:24", "text": "be discussed being done in Bitcoin right"}, {"start": "00:24:19", "end": "00:24:26", "text": "for one of Russia's uh major kind of not"}, {"start": "00:24:24", "end": "00:24:30", "text": "only economic ally but honestly military"}, {"start": "00:24:26", "end": "00:24:32", "text": "ally Iran and so they're trying to"}, {"start": "00:24:30", "end": "00:24:35", "text": "outpace us on a geopolitical spectrum"}, {"start": "00:24:32", "end": "00:24:36", "text": "giving crypto clarity before the United"}, {"start": "00:24:35", "end": "00:24:38", "text": "States can get its head out of its rear"}, {"start": "00:24:36", "end": "00:24:41", "text": "and get to work on their own clarity"}, {"start": "00:24:38", "end": "00:24:43", "text": "act. Russia is a much more concisely"}, {"start": "00:24:41", "end": "00:24:45", "text": "controlled political regime. Putin has"}, {"start": "00:24:43", "end": "00:24:47", "text": "an iron fist over that. And if we see"}, {"start": "00:24:45", "end": "00:24:48", "text": "movements like this happening on the"}, {"start": "00:24:47", "end": "00:24:50", "text": "front end, that means that there's"}, {"start": "00:24:48", "end": "00:24:52", "text": "likely a nod in the back end from Putin"}, {"start": "00:24:50", "end": "00:24:55", "text": "allowing this to occur. This is not like"}, {"start": "00:24:52", "end": "00:24:58", "text": "America where you can have one side"}, {"start": "00:24:55", "end": "00:25:01", "text": "wanting, you know, a completely opposite"}, {"start": "00:24:58", "end": "00:25:02", "text": "uh piece of legislature that the, you"}, {"start": "00:25:01", "end": "00:25:04", "text": "know, say Republicans are willing to"}, {"start": "00:25:02", "end": "00:25:06", "text": "allow or vice versa."}, {"start": "00:25:04", "end": "00:25:07", "text": ">> Very interesting to me. What do you"}, {"start": "00:25:06", "end": "00:25:10", "text": "think of this, TJ? No, I I mean I think"}, {"start": "00:25:07", "end": "00:25:12", "text": "this is just another signal and this"}, {"start": "00:25:10", "end": "00:25:14", "text": "that Bitcoin and crypto is here to stay"}, {"start": "00:25:12", "end": "00:25:16", "text": "and it's not going anywhere. And this is"}, {"start": "00:25:14", "end": "00:25:18", "text": "part of why I'm getting extremely"}, {"start": "00:25:16", "end": "00:25:20", "text": "bullish whether I believe we're at or"}, {"start": "00:25:18", "end": "00:25:21", "text": "near a bottom. You guys know I've been"}, {"start": "00:25:20", "end": "00:25:24", "text": "talking about that for a long time. I"}, {"start": "00:25:21", "end": "00:25:26", "text": "think just below 60K was it. You know,"}, {"start": "00:25:24", "end": "00:25:28", "text": "there still is theories and talks and"}, {"start": "00:25:26", "end": "00:25:30", "text": "four-ear cycle that it could be later"}, {"start": "00:25:28", "end": "00:25:32", "text": "this year when it officially bottoms."}, {"start": "00:25:30", "end": "00:25:33", "text": "You know, September, October. I know"}, {"start": "00:25:32", "end": "00:25:35", "text": "that's where you know a lot of people"}, {"start": "00:25:33", "end": "00:25:37", "text": "and a lot of people have very low bottom"}, {"start": "00:25:35", "end": "00:25:39", "text": "calls that I don't necessarily think are"}, {"start": "00:25:37", "end": "00:25:41", "text": "going to happen. I think you know that"}, {"start": "00:25:39", "end": "00:25:42", "text": "we're very close and this is why I'm"}, {"start": "00:25:41", "end": "00:25:45", "text": "telling you fervently this is the time"}, {"start": "00:25:42", "end": "00:25:48", "text": "to g be getting involved because more"}, {"start": "00:25:45", "end": "00:25:51", "text": "and more we're seeing major indications"}, {"start": "00:25:48", "end": "00:25:53", "text": "from major players that this is getting"}, {"start": "00:25:51", "end": "00:25:55", "text": "taken seriously whether it's Bitcoin"}, {"start": "00:25:53", "end": "00:25:57", "text": "strategic I mean I've been in Bitcoin"}, {"start": "00:25:55", "end": "00:25:59", "text": "for a long time and hearing nations"}, {"start": "00:25:57", "end": "00:26:01", "text": "talking about accumulating the black"}, {"start": "00:25:59", "end": "00:26:03", "text": "rocks of the world and I I did you cover"}, {"start": "00:26:01", "end": "00:26:06", "text": "the Vanguard stuff yesterday"}, {"start": "00:26:03", "end": "00:26:09", "text": ">> I believe I did believe I did"}, {"start": "00:26:06", "end": "00:26:12", "text": ">> we put this out on X obviously, but this"}, {"start": "00:26:09", "end": "00:26:14", "text": "is another huge factor. So Vanguard, if"}, {"start": "00:26:12", "end": "00:26:16", "text": "you guys remember not that long ago, was"}, {"start": "00:26:14", "end": "00:26:17", "text": "saying we're never going to be involved"}, {"start": "00:26:16", "end": "00:26:20", "text": "with crypto or Bitcoin. We're not let"}, {"start": "00:26:17", "end": "00:26:22", "text": "you know they famously did not let their"}, {"start": "00:26:20", "end": "00:26:24", "text": "investors take part in IBIT or any of"}, {"start": "00:26:22", "end": "00:26:26", "text": "these other Bitcoin products and they"}, {"start": "00:26:24", "end": "00:26:27", "text": "said we're never going to do it. Now"}, {"start": "00:26:26", "end": "00:26:29", "text": "they're [snorts] hiring a head of"}, {"start": "00:26:27", "end": "00:26:30", "text": "digital assets and they're and I believe"}, {"start": "00:26:29", "end": "00:26:32", "text": "there was a statement out there saying"}, {"start": "00:26:30", "end": "00:26:35", "text": "more or less they were acquiring around"}, {"start": "00:26:32", "end": "00:26:38", "text": "60K. And so the biggest financial"}, {"start": "00:26:35", "end": "00:26:40", "text": "institutions, banks, power players,"}, {"start": "00:26:38", "end": "00:26:41", "text": "nations are all in accumulation mode"}, {"start": "00:26:40", "end": "00:26:43", "text": "right now,"}, {"start": "00:26:41", "end": "00:26:45", "text": ">> which is fascinating that retail is so"}, {"start": "00:26:43", "end": "00:26:47", "text": "scared. We've got I don't know what the"}, {"start": "00:26:45", "end": "00:26:49", "text": "fear and greed is today, but it it's up"}, {"start": "00:26:47", "end": "00:26:51", "text": "there. There's a lot of fear and there's"}, {"start": "00:26:49", "end": "00:26:52", "text": "a lot of fear-mongering in the media"}, {"start": "00:26:51", "end": "00:26:54", "text": "that, you know, things are about to"}, {"start": "00:26:52", "end": "00:26:56", "text": "collapse and things are scary and you"}, {"start": "00:26:54", "end": "00:26:58", "text": "should be scared when they're moving in"}, {"start": "00:26:56", "end": "00:27:00", "text": "with conviction. And if you've been in"}, {"start": "00:26:58", "end": "00:27:03", "text": "around this space for a while,"}, {"start": "00:27:00", "end": "00:27:05", "text": ">> the signals that it's here to stay have"}, {"start": "00:27:03", "end": "00:27:07", "text": "never been more clear. Like there were"}, {"start": "00:27:05", "end": "00:27:09", "text": "times like there was a time, you know,"}, {"start": "00:27:07", "end": "00:27:11", "text": "March 12th, 2020, I'll never forget that"}, {"start": "00:27:09", "end": "00:27:13", "text": "day. I was in Bitcoin for a long time at"}, {"start": "00:27:11", "end": "00:27:15", "text": "that point. I'd been accumulating all"}, {"start": "00:27:13", "end": "00:27:17", "text": "through 2019. We saw all this crazy"}, {"start": "00:27:15", "end": "00:27:19", "text": "stuff happening and I thought, you know,"}, {"start": "00:27:17", "end": "00:27:21", "text": "this is the time for Bitcoin to really"}, {"start": "00:27:19", "end": "00:27:23", "text": "shine and do its thing. And then it was"}, {"start": "00:27:21", "end": "00:27:26", "text": "it was just beaten down and beaten down"}, {"start": "00:27:23", "end": "00:27:28", "text": "and beaten down and it was you you"}, {"start": "00:27:26", "end": "00:27:32", "text": "started to question like maybe maybe I'm"}, {"start": "00:27:28", "end": "00:27:35", "text": "wrong. Maybe this thesis that I had and"}, {"start": "00:27:32", "end": "00:27:36", "text": "this conviction that I had so much is"}, {"start": "00:27:35", "end": "00:27:38", "text": "going to be invalidated and this thing"}, {"start": "00:27:36", "end": "00:27:39", "text": "is just going to crash to zero. And I"}, {"start": "00:27:38", "end": "00:27:41", "text": "know many people that get involved in"}, {"start": "00:27:39", "end": "00:27:44", "text": "Bitcoin, you go through this feeling."}, {"start": "00:27:41", "end": "00:27:46", "text": "Now it's extreme. And then of course it"}, {"start": "00:27:44", "end": "00:27:49", "text": "it recovered and it rose and you know"}, {"start": "00:27:46", "end": "00:27:52", "text": "we're way I think it hit 3,800 that day"}, {"start": "00:27:49", "end": "00:27:55", "text": "and I bought some to remind myself that"}, {"start": "00:27:52", "end": "00:27:57", "text": "no I don't think my thesis is"}, {"start": "00:27:55", "end": "00:27:58", "text": "invalidated. I do have conviction. I do"}, {"start": "00:27:57", "end": "00:28:00", "text": "understand this and this will return."}, {"start": "00:27:58", "end": "00:28:02", "text": "And so at that day I bought some"}, {"start": "00:28:00", "end": "00:28:05", "text": "Ethereum for $89 and I bought some"}, {"start": "00:28:02", "end": "00:28:07", "text": "Bitcoin at $3,800. And I'll never forget"}, {"start": "00:28:05", "end": "00:28:10", "text": "that day, March 12th, 2020, because that"}, {"start": "00:28:07", "end": "00:28:13", "text": "was the day that I strengthened my"}, {"start": "00:28:10", "end": "00:28:15", "text": "resolve that this is a long-term thing"}, {"start": "00:28:13", "end": "00:28:18", "text": "and it is here to stay. Fast forward to"}, {"start": "00:28:15", "end": "00:28:21", "text": "today, I don't ever question that. I"}, {"start": "00:28:18", "end": "00:28:22", "text": "mean, it's so much more clear today with"}, {"start": "00:28:21", "end": "00:28:24", "text": "everything going on politically, with"}, {"start": "00:28:22", "end": "00:28:26", "text": "everything going on geopolitically, with"}, {"start": "00:28:24", "end": "00:28:29", "text": "the use case being proven time and time"}, {"start": "00:28:26", "end": "00:28:33", "text": "and time and time again that Bitcoin is"}, {"start": "00:28:29", "end": "00:28:36", "text": "the only really true safe haven uh"}, {"start": "00:28:33", "end": "00:28:37", "text": "freedom asset that exists. More and more"}, {"start": "00:28:36", "end": "00:28:39", "text": "people understand it. More and more"}, {"start": "00:28:37", "end": "00:28:40", "text": "institutions are moving towards it. More"}, {"start": "00:28:39", "end": "00:28:43", "text": "and more individuals are moving towards"}, {"start": "00:28:40", "end": "00:28:45", "text": "it. Wales, however, whoever you look at,"}, {"start": "00:28:43", "end": "00:28:47", "text": "you know, we've got a a public company"}, {"start": "00:28:45", "end": "00:28:49", "text": "holding, you know, going all in on a"}, {"start": "00:28:47", "end": "00:28:51", "text": "Bitcoin balance sheet. Like none of"}, {"start": "00:28:49", "end": "00:28:54", "text": "those things existed"}, {"start": "00:28:51", "end": "00:28:56", "text": "2017, 18,1 19. And it was a lot more"}, {"start": "00:28:54", "end": "00:28:59", "text": "risky. It was definitely risky at that"}, {"start": "00:28:56", "end": "00:29:02", "text": "time, but like riskto-reward"}, {"start": "00:28:59", "end": "00:29:04", "text": "$60,000 Bitcoin with all of the"}, {"start": "00:29:02", "end": "00:29:05", "text": "institutional demand. And you know,"}, {"start": "00:29:04", "end": "00:29:07", "text": "we'll talk about DeFi later. You guys"}, {"start": "00:29:05", "end": "00:29:09", "text": "know I'm a big believer in where DeFi is"}, {"start": "00:29:07", "end": "00:29:11", "text": "going and the the way you're going to be"}, {"start": "00:29:09", "end": "00:29:13", "text": "able to leverage digital assets into the"}, {"start": "00:29:11", "end": "00:29:15", "text": "future and how it's going to I I believe"}, {"start": "00:29:13", "end": "00:29:17", "text": "totally revolutionize finance in"}, {"start": "00:29:15", "end": "00:29:19", "text": "general. But if you're if you've been in"}, {"start": "00:29:17", "end": "00:29:21", "text": "this maybe not that long and you're"}, {"start": "00:29:19", "end": "00:29:24", "text": "questioning is it here to stay? Did I"}, {"start": "00:29:21", "end": "00:29:26", "text": "make a mistake? Let me just give you the"}, {"start": "00:29:24", "end": "00:29:29", "text": "reassurance that Bitcoin is here to"}, {"start": "00:29:26", "end": "00:29:32", "text": "stay. Crypto on a macro fundamental"}, {"start": "00:29:29", "end": "00:29:35", "text": "level of like what it can actually do is"}, {"start": "00:29:32", "end": "00:29:37", "text": "stronger than it's ever been. And yeah,"}, {"start": "00:29:35", "end": "00:29:39", "text": "this is the time to be accumulating. So"}, {"start": "00:29:37", "end": "00:29:41", "text": "I just, you know, there's my rant number"}, {"start": "00:29:39", "end": "00:29:43", "text": "two for the day. But"}, {"start": "00:29:41", "end": "00:29:45", "text": ">> well, I like it, man. And while you were"}, {"start": "00:29:43", "end": "00:29:46", "text": "talking about it, you know, just showing"}, {"start": "00:29:45", "end": "00:29:48", "text": "just the history of what we've gone"}, {"start": "00:29:46", "end": "00:29:49", "text": "through. I think, you know, crypto"}, {"start": "00:29:48", "end": "00:29:52", "text": "holders have a little bit of PTSD"}, {"start": "00:29:49", "end": "00:29:55", "text": "because we've hit some levels of fear"}, {"start": "00:29:52", "end": "00:29:55", "text": "and grie,"}, {"start": "00:29:57", "end": "00:30:02", "text": "right? So, this last, you know, few"}, {"start": "00:29:59", "end": "00:30:05", "text": "months have been extreme dips down into"}, {"start": "00:30:02", "end": "00:30:09", "text": "the fear zone. And honestly, I don't"}, {"start": "00:30:05", "end": "00:30:11", "text": "think we should take this too seriously"}, {"start": "00:30:09", "end": "00:30:13", "text": "for the time being. And I'm going to"}, {"start": "00:30:11", "end": "00:30:16", "text": "give you guys the entire write up about"}, {"start": "00:30:13", "end": "00:30:17", "text": "what I think about altcoins in general"}, {"start": "00:30:16", "end": "00:30:21", "text": "inside of uh it's actually already there"}, {"start": "00:30:17", "end": "00:30:24", "text": "inside of school, but this is a much"}, {"start": "00:30:21", "end": "00:30:26", "text": "less cataclysmic bare market than I've"}, {"start": "00:30:24", "end": "00:30:28", "text": "ever been a part of. This is more"}, {"start": "00:30:26", "end": "00:30:30", "text": "signals that Bitcoin and crypto is here"}, {"start": "00:30:28", "end": "00:30:31", "text": "to stay. And we have kind of a dark"}, {"start": "00:30:30", "end": "00:30:33", "text": "horse that's going to be appearing over"}, {"start": "00:30:31", "end": "00:30:36", "text": "the course of this bare market in Paul"}, {"start": "00:30:33", "end": "00:30:39", "text": "Atkins, the lead of the SEC, talking"}, {"start": "00:30:36", "end": "00:30:41", "text": "about 2026 roadmap for regulatory"}, {"start": "00:30:39", "end": "00:30:43", "text": "agendas, pushing crypto reforms,"}, {"start": "00:30:41", "end": "00:30:45", "text": "tokenizing securities, and more crypto"}, {"start": "00:30:43", "end": "00:30:47", "text": "product launches here in the United"}, {"start": "00:30:45", "end": "00:30:49", "text": "States. He's pushing for crypto"}, {"start": "00:30:47", "end": "00:30:52", "text": "companies and crypto product launches in"}, {"start": "00:30:49", "end": "00:30:54", "text": "the United in the United States ahead of"}, {"start": "00:30:52", "end": "00:30:56", "text": "Clarity being solidified. It's giving me"}, {"start": "00:30:54", "end": "00:30:58", "text": "a signal that it's likely going to go"}, {"start": "00:30:56", "end": "00:31:00", "text": "through probably next year. And Atkins"}, {"start": "00:30:58", "end": "00:31:03", "text": "is laying the groundwork for these"}, {"start": "00:31:00", "end": "00:31:04", "text": "American-based crypto companies to get"}, {"start": "00:31:03", "end": "00:31:08", "text": "started to get to work, which is a very"}, {"start": "00:31:04", "end": "00:31:11", "text": "very bullish thing for me to see. And uh"}, {"start": "00:31:08", "end": "00:31:13", "text": "honestly, I think this plays into where"}, {"start": "00:31:11", "end": "00:31:14", "text": "Bitcoin dominance is actually headed to"}, {"start": "00:31:13", "end": "00:31:17", "text": "go."}, {"start": "00:31:14", "end": "00:31:18", "text": ">> Mhm. Pretty excited about this, man."}, {"start": "00:31:17", "end": "00:31:21", "text": "honestly. Um,"}, {"start": "00:31:18", "end": "00:31:23", "text": ">> well, I messed it up the the things, but"}, {"start": "00:31:21", "end": "00:31:24", "text": "cuz your mic is coming out of the wide,"}, {"start": "00:31:23", "end": "00:31:26", "text": "just so you know, but yeah, and I just"}, {"start": "00:31:24", "end": "00:31:28", "text": "want to say briefly while you're"}, {"start": "00:31:26", "end": "00:31:30", "text": "changing that around, speaking of crypto"}, {"start": "00:31:28", "end": "00:31:32", "text": "products, we're seeing that's what we're"}, {"start": "00:31:30", "end": "00:31:35", "text": "seeing more and more to than ever before"}, {"start": "00:31:32", "end": "00:31:38", "text": "is things backed by digital securities."}, {"start": "00:31:35", "end": "00:31:40", "text": "We're seeing uh people moving towards"}, {"start": "00:31:38", "end": "00:31:43", "text": "digital credit and bonds and mortgages"}, {"start": "00:31:40", "end": "00:31:46", "text": "and all those sorts of things where"}, {"start": "00:31:43", "end": "00:31:48", "text": "Bitcoin today is being used within the"}, {"start": "00:31:46", "end": "00:31:50", "text": "financial system in ways that have never"}, {"start": "00:31:48", "end": "00:31:53", "text": "existed previously. And the guest that"}, {"start": "00:31:50", "end": "00:31:55", "text": "we're about to bring on right now, uh he"}, {"start": "00:31:53", "end": "00:31:57", "text": "goes by CJ. You guys have probably seen"}, {"start": "00:31:55", "end": "00:31:59", "text": "him on the channel before. Welcome in"}, {"start": "00:31:57", "end": "00:32:01", "text": "CJ. Tell us a little bit about because"}, {"start": "00:31:59", "end": "00:32:03", "text": "you got a you kind of got a front row"}, {"start": "00:32:01", "end": "00:32:05", "text": "seat to a lot of this stuff. you're kind"}, {"start": "00:32:03", "end": "00:32:06", "text": "of you've been working for a very long"}, {"start": "00:32:05", "end": "00:32:12", "text": "time. If you guys aren't familiar with"}, {"start": "00:32:06", "end": "00:32:14", "text": "CJ uh Bitcoin uh OG for quite some time"}, {"start": "00:32:12", "end": "00:32:17", "text": "and has an incredible product that"}, {"start": "00:32:14", "end": "00:32:19", "text": "allows you to uh use your Bitcoin to as"}, {"start": "00:32:17", "end": "00:32:20", "text": "a as a mortgage really against your"}, {"start": "00:32:19", "end": "00:32:22", "text": "house and not cost you anything. So G"}, {"start": "00:32:20", "end": "00:32:24", "text": "CJ, tell us a little bit about yourself"}, {"start": "00:32:22", "end": "00:32:25", "text": "and the People's Reserve."}, {"start": "00:32:24", "end": "00:32:28", "text": ">> Yeah, well thank you guys for having me"}, {"start": "00:32:25", "end": "00:32:29", "text": "on. It's great to be here again and I I"}, {"start": "00:32:28", "end": "00:32:31", "text": "just want to let your audience know that"}, {"start": "00:32:29", "end": "00:32:33", "text": "in my opinion, you guys are spot on with"}, {"start": "00:32:31", "end": "00:32:35", "text": "where the market is. As someone who's"}, {"start": "00:32:33", "end": "00:32:38", "text": "been in the market since 2013 and have"}, {"start": "00:32:35", "end": "00:32:40", "text": "been through 80 and 90% drawd downs and"}, {"start": "00:32:38", "end": "00:32:43", "text": "had a couple altcoin investments just go"}, {"start": "00:32:40", "end": "00:32:44", "text": "to zero, I could tell you right now that"}, {"start": "00:32:43", "end": "00:32:46", "text": "fear is where it is, but it doesn't"}, {"start": "00:32:44", "end": "00:32:48", "text": "really match up where the market is. So,"}, {"start": "00:32:46", "end": "00:32:51", "text": "it's really good analysis to let"}, {"start": "00:32:48", "end": "00:32:53", "text": "everybody know that this is the most"}, {"start": "00:32:51", "end": "00:32:55", "text": "bullish bare market action that I've"}, {"start": "00:32:53", "end": "00:32:57", "text": "ever seen as well. And I think that's a"}, {"start": "00:32:55", "end": "00:32:59", "text": "signal of exactly what's to come. And I"}, {"start": "00:32:57", "end": "00:33:02", "text": "think when interest rates start to go"}, {"start": "00:32:59", "end": "00:33:03", "text": "down again and all that trillions of"}, {"start": "00:33:02", "end": "00:33:04", "text": "dollars, there's eight trillion dollars"}, {"start": "00:33:03", "end": "00:33:06", "text": "in money market funds right now"}, {"start": "00:33:04", "end": "00:33:08", "text": "collecting yield from the government."}, {"start": "00:33:06", "end": "00:33:10", "text": "When the government lowers those rates"}, {"start": "00:33:08", "end": "00:33:13", "text": "and those people can no longer be savers"}, {"start": "00:33:10", "end": "00:33:15", "text": "and need to turn back into investors,"}, {"start": "00:33:13", "end": "00:33:17", "text": "where are they going to go? They're"}, {"start": "00:33:15", "end": "00:33:19", "text": "going to go right into stocks, real"}, {"start": "00:33:17", "end": "00:33:22", "text": "estate, Bitcoin, gold, silver, all the"}, {"start": "00:33:19", "end": "00:33:24", "text": "assets that you can't just increase the"}, {"start": "00:33:22", "end": "00:33:26", "text": "supply infinitely. So, I think you guys"}, {"start": "00:33:24", "end": "00:33:27", "text": "are spot on and it's something that"}, {"start": "00:33:26", "end": "00:33:29", "text": "we're prepared here for at People's"}, {"start": "00:33:27", "end": "00:33:31", "text": "Reserve as well because as the price of"}, {"start": "00:33:29", "end": "00:33:32", "text": "Bitcoin goes up through this price"}, {"start": "00:33:31", "end": "00:33:35", "text": "discovery process because remember it's"}, {"start": "00:33:32", "end": "00:33:37", "text": "a brand new protocol. Bitcoin is not"}, {"start": "00:33:35", "end": "00:33:39", "text": "even old enough to drink, right? In the"}, {"start": "00:33:37", "end": "00:33:41", "text": "United States, you have to be 21 to"}, {"start": "00:33:39", "end": "00:33:43", "text": "drink. Bitcoin is still a kid and we are"}, {"start": "00:33:41", "end": "00:33:46", "text": "in the price discovery process. We're at"}, {"start": "00:33:43", "end": "00:33:48", "text": "the bottom of that scurve of adoption"}, {"start": "00:33:46", "end": "00:33:50", "text": "and right now is when you want to be"}, {"start": "00:33:48", "end": "00:33:51", "text": "accumulating. So just really valuable"}, {"start": "00:33:50", "end": "00:33:53", "text": "advice that you're giving to your"}, {"start": "00:33:51", "end": "00:33:54", "text": "audience here that should be followed as"}, {"start": "00:33:53", "end": "00:33:56", "text": "far as for what People's Reserve is"}, {"start": "00:33:54", "end": "00:33:59", "text": "doing. Yeah. I mean look, we look at"}, {"start": "00:33:56", "end": "00:34:02", "text": "Bitcoin as beyond just a risk on tech"}, {"start": "00:33:59", "end": "00:34:05", "text": "stock investment opportunity. It is"}, {"start": "00:34:02", "end": "00:34:07", "text": "engineered money and that's what humans"}, {"start": "00:34:05", "end": "00:34:09", "text": "do best. We take the natural and then we"}, {"start": "00:34:07", "end": "00:34:12", "text": "engineer a solution. Right? We had the"}, {"start": "00:34:09", "end": "00:34:14", "text": "light from fire and then we engineer"}, {"start": "00:34:12", "end": "00:34:16", "text": "electricity and now we have entire"}, {"start": "00:34:14", "end": "00:34:18", "text": "grids. We took the horses that were"}, {"start": "00:34:16", "end": "00:34:21", "text": "pulling the carriages and we engineered"}, {"start": "00:34:18", "end": "00:34:23", "text": "horsepower in the engine. Well, we took"}, {"start": "00:34:21", "end": "00:34:25", "text": "what we learned from natural money and"}, {"start": "00:34:23", "end": "00:34:27", "text": "gold and silver and we fixed some of the"}, {"start": "00:34:25", "end": "00:34:29", "text": "issues that we had and now we've"}, {"start": "00:34:27", "end": "00:34:31", "text": "engineered Bitcoin. It's gold but with"}, {"start": "00:34:29", "end": "00:34:33", "text": "the ability to teleport anywhere in the"}, {"start": "00:34:31", "end": "00:34:36", "text": "world with transaction finality in 10"}, {"start": "00:34:33", "end": "00:34:37", "text": "minutes. If that doesn't blow your mind,"}, {"start": "00:34:36", "end": "00:34:38", "text": "then you don't really know what's going"}, {"start": "00:34:37", "end": "00:34:41", "text": "on here. But how does that relate to"}, {"start": "00:34:38", "end": "00:34:42", "text": "mortgages and finance and everything you"}, {"start": "00:34:41", "end": "00:34:45", "text": "were saying with the future of finance"}, {"start": "00:34:42", "end": "00:34:47", "text": "and DeFi? Well, Bitcoin as an engineered"}, {"start": "00:34:45", "end": "00:34:49", "text": "money means that it's pristine"}, {"start": "00:34:47", "end": "00:34:50", "text": "collateral. And we believe at People's"}, {"start": "00:34:49", "end": "00:34:52", "text": "Reserve, one of the biggest problems"}, {"start": "00:34:50", "end": "00:34:54", "text": "that we see here in the United States"}, {"start": "00:34:52", "end": "00:34:56", "text": "and around the world is home"}, {"start": "00:34:54", "end": "00:34:58", "text": "affordability. And one of the reasons"}, {"start": "00:34:56", "end": "00:35:00", "text": "that we have an affordability crisis is"}, {"start": "00:34:58", "end": "00:35:02", "text": "because of inflation. Because of the"}, {"start": "00:35:00", "end": "00:35:04", "text": "rate and pace at which governments are"}, {"start": "00:35:02", "end": "00:35:06", "text": "printing currency units and forcing"}, {"start": "00:35:04", "end": "00:35:08", "text": "those units into circulation. And with"}, {"start": "00:35:06", "end": "00:35:11", "text": "each and every unit that gets forced"}, {"start": "00:35:08", "end": "00:35:13", "text": "into circulation, your savings is being"}, {"start": "00:35:11", "end": "00:35:16", "text": "diluted. your purchasing power is being"}, {"start": "00:35:13", "end": "00:35:18", "text": "diluted. On top of it, what happens when"}, {"start": "00:35:16", "end": "00:35:19", "text": "they create inflation is interest rates"}, {"start": "00:35:18", "end": "00:35:21", "text": "have to go up because people who are"}, {"start": "00:35:19", "end": "00:35:24", "text": "lending to the government need a higher"}, {"start": "00:35:21", "end": "00:35:26", "text": "rate of return in order to make up for"}, {"start": "00:35:24", "end": "00:35:27", "text": "that loss of purchasing power. So, from"}, {"start": "00:35:26", "end": "00:35:29", "text": "the home perspective, we're getting hit"}, {"start": "00:35:27", "end": "00:35:31", "text": "from both sides. We have home prices"}, {"start": "00:35:29", "end": "00:35:32", "text": "going up uh due to inflation. Even"}, {"start": "00:35:31", "end": "00:35:34", "text": "though we have a little bit of a"}, {"start": "00:35:32", "end": "00:35:36", "text": "pullback since interest rates went up"}, {"start": "00:35:34", "end": "00:35:40", "text": "since 2022, home prices are still"}, {"start": "00:35:36", "end": "00:35:42", "text": "drastically higher in growth percentages"}, {"start": "00:35:40", "end": "00:35:44", "text": "than the wages that people are earning."}, {"start": "00:35:42", "end": "00:35:46", "text": "And then on top of that, with the higher"}, {"start": "00:35:44", "end": "00:35:48", "text": "interest rate, affordability just goes"}, {"start": "00:35:46", "end": "00:35:50", "text": "out the door. And that's where Bitcoin"}, {"start": "00:35:48", "end": "00:35:52", "text": "as engineered money and pristine"}, {"start": "00:35:50", "end": "00:35:54", "text": "collateral enters into the conversation."}, {"start": "00:35:52", "end": "00:35:56", "text": "At People's Reserve, you can borrow"}, {"start": "00:35:54", "end": "00:35:58", "text": "between one and 4% in the self-repaying"}, {"start": "00:35:56", "end": "00:35:58", "text": "mortgage that you're seeing."}, {"start": "00:35:58", "end": "00:36:00", "text": ">> Perfect. Yeah, that's what I was going"}, {"start": "00:35:58", "end": "00:36:01", "text": "to say. Explain that to people. So, if"}, {"start": "00:36:00", "end": "00:36:03", "text": "you if they're not familiar with"}, {"start": "00:36:01", "end": "00:36:05", "text": "pristine collateral and how some of this"}, {"start": "00:36:03", "end": "00:36:07", "text": "sort of stuff works, you these are your"}, {"start": "00:36:05", "end": "00:36:09", "text": "core two products at the bit at People's"}, {"start": "00:36:07", "end": "00:36:11", "text": "Reserve, right? Kind of a self-repaying"}, {"start": "00:36:09", "end": "00:36:13", "text": "mortgage and that's and then a Bitcoin"}, {"start": "00:36:11", "end": "00:36:15", "text": "mortgage. The self-repaying is for"}, {"start": "00:36:13", "end": "00:36:16", "text": "people that already have a lot of"}, {"start": "00:36:15", "end": "00:36:19", "text": "Bitcoin and then the Bitcoin mortgage is"}, {"start": "00:36:16", "end": "00:36:22", "text": "for people that maybe don't have the"}, {"start": "00:36:19", "end": "00:36:24", "text": "full stack right now. Is that correct?"}, {"start": "00:36:22", "end": "00:36:26", "text": ">> Yeah, that's absolutely spot on. The so"}, {"start": "00:36:24", "end": "00:36:29", "text": "for those of you who don't know my story"}, {"start": "00:36:26", "end": "00:36:30", "text": "in 2019 in the middle of a bare market"}, {"start": "00:36:29", "end": "00:36:32", "text": "of course right you buy Bitcoin price"}, {"start": "00:36:30", "end": "00:36:34", "text": "goes down you sell Bitcoin price goes up"}, {"start": "00:36:32", "end": "00:36:36", "text": "the timing never works well of course my"}, {"start": "00:36:34", "end": "00:36:38", "text": "wife was was pregnant with our child and"}, {"start": "00:36:36", "end": "00:36:41", "text": "we needed to get out of our rental"}, {"start": "00:36:38", "end": "00:36:43", "text": "situation and into our own home in 2019"}, {"start": "00:36:41", "end": "00:36:45", "text": "bare market. So I sold a portion of my"}, {"start": "00:36:43", "end": "00:36:48", "text": "Bitcoin savings and bought a single"}, {"start": "00:36:45", "end": "00:36:50", "text": "family home. I paid 100 Bitcoin for a"}, {"start": "00:36:48", "end": "00:36:52", "text": "single family starter home. That 100"}, {"start": "00:36:50", "end": "00:36:53", "text": "Bitcoin not long ago is worth over 12"}, {"start": "00:36:52", "end": "00:36:55", "text": "million. Today it's worth over six"}, {"start": "00:36:53", "end": "00:36:58", "text": "million. My house is not even worth"}, {"start": "00:36:55", "end": "00:37:00", "text": "$500,000. So that experience is the"}, {"start": "00:36:58", "end": "00:37:02", "text": "foundation of people's reserve. That"}, {"start": "00:37:00", "end": "00:37:04", "text": "experience is what led to the creation"}, {"start": "00:37:02", "end": "00:37:06", "text": "of these products. A way for savers of"}, {"start": "00:37:04", "end": "00:37:09", "text": "Bitcoin to unlock the purchasing power"}, {"start": "00:37:06", "end": "00:37:12", "text": "of their Bitcoin without giving up"}, {"start": "00:37:09", "end": "00:37:14", "text": "ownership, creating a taxable event and"}, {"start": "00:37:12", "end": "00:37:16", "text": "missing out on tremendous upside as the"}, {"start": "00:37:14", "end": "00:37:19", "text": "price discovery process continues on."}, {"start": "00:37:16", "end": "00:37:21", "text": "And for the self-repaying mortgage, it"}, {"start": "00:37:19", "end": "00:37:23", "text": "does require 100% of the purchase price"}, {"start": "00:37:21", "end": "00:37:25", "text": "posted in Bitcoin. And that's already an"}, {"start": "00:37:23", "end": "00:37:26", "text": "advantage over what you see in typical"}, {"start": "00:37:25", "end": "00:37:28", "text": "Bitcoin borrowing. If you're going to"}, {"start": "00:37:26", "end": "00:37:30", "text": "buy a $500,000 house and you're going to"}, {"start": "00:37:28", "end": "00:37:31", "text": "borrow against Bitcoin on margin, you"}, {"start": "00:37:30", "end": "00:37:33", "text": "need to post a million dollars of"}, {"start": "00:37:31", "end": "00:37:35", "text": "Bitcoin. Then you'll have a 50% LTV,"}, {"start": "00:37:33", "end": "00:37:37", "text": "which is supposed to be safe, but you"}, {"start": "00:37:35", "end": "00:37:39", "text": "still have margin call and liquidation"}, {"start": "00:37:37", "end": "00:37:42", "text": "risk. Our product eliminates margin call"}, {"start": "00:37:39", "end": "00:37:45", "text": "and liquid and liquidation risk by dual"}, {"start": "00:37:42", "end": "00:37:47", "text": "collateralizing the Bitcoin with the"}, {"start": "00:37:45", "end": "00:37:49", "text": "property title. So, we dual"}, {"start": "00:37:47", "end": "00:37:51", "text": "collateralize property and pristine"}, {"start": "00:37:49", "end": "00:37:53", "text": "collateral and that eliminates margin"}, {"start": "00:37:51", "end": "00:37:55", "text": "calls. It eliminates liquidation risk."}, {"start": "00:37:53", "end": "00:37:57", "text": "You don't have to be a macro expert and"}, {"start": "00:37:55", "end": "00:38:00", "text": "uh babysit the charts all night. You can"}, {"start": "00:37:57", "end": "00:38:01", "text": "sleep easy in your new home knowing that"}, {"start": "00:38:00", "end": "00:38:03", "text": "price movements or some type of world"}, {"start": "00:38:01", "end": "00:38:06", "text": "event isn't going to lead to you losing"}, {"start": "00:38:03", "end": "00:38:07", "text": "your Bitcoin savings, the most valuable"}, {"start": "00:38:06", "end": "00:38:09", "text": "asset on your balance sheet."}, {"start": "00:38:07", "end": "00:38:11", "text": ">> Exactly. And that's a pretty key"}, {"start": "00:38:09", "end": "00:38:12", "text": "feature. I just want to put it in simple"}, {"start": "00:38:11", "end": "00:38:15", "text": "terms for people. So, like if you're"}, {"start": "00:38:12", "end": "00:38:16", "text": "used to using, you know, say an a or"}, {"start": "00:38:15", "end": "00:38:17", "text": "Morpho or these other products that"}, {"start": "00:38:16", "end": "00:38:21", "text": "allow you to borrow against your"}, {"start": "00:38:17", "end": "00:38:23", "text": "Bitcoin, you have to be prepared for"}, {"start": "00:38:21", "end": "00:38:24", "text": "market volatility and keep your loan"}, {"start": "00:38:23", "end": "00:38:26", "text": "healthy. And so if Bitcoin, say you took"}, {"start": "00:38:24", "end": "00:38:29", "text": "a loan out at 120 and Bitcoin goes to"}, {"start": "00:38:26", "end": "00:38:31", "text": "60, you better be prepared to manage the"}, {"start": "00:38:29", "end": "00:38:33", "text": "collateral within that with what you're"}, {"start": "00:38:31", "end": "00:38:35", "text": "saying is, you know, as long as you keep"}, {"start": "00:38:33", "end": "00:38:37", "text": "making your payments, it's secured by"}, {"start": "00:38:35", "end": "00:38:39", "text": "the house, it's secured by the Bitcoin,"}, {"start": "00:38:37", "end": "00:38:41", "text": "and you have no fear of liquidation. You"}, {"start": "00:38:39", "end": "00:38:44", "text": "have no fear of, you know, hey, I'm"}, {"start": "00:38:41", "end": "00:38:45", "text": "going to lose if if you put up 10 or 20"}, {"start": "00:38:44", "end": "00:38:47", "text": "Bitcoin for this thing, you have no fear"}, {"start": "00:38:45", "end": "00:38:48", "text": "that it's going to be lost when the"}, {"start": "00:38:47", "end": "00:38:50", "text": "price goes down. You just have to keep"}, {"start": "00:38:48", "end": "00:38:52", "text": "making your payments just like you would"}, {"start": "00:38:50", "end": "00:38:53", "text": "on a normal mortgage. Is that is that a"}, {"start": "00:38:52", "end": "00:38:55", "text": "fair explanation?"}, {"start": "00:38:53", "end": "00:38:56", "text": ">> That's absolutely spot on. And the"}, {"start": "00:38:55", "end": "00:38:59", "text": "reason we build it that way is because"}, {"start": "00:38:56", "end": "00:39:03", "text": "in 2019, I had an option. I could go to"}, {"start": "00:38:59", "end": "00:39:05", "text": "DeFi and put 200 Bitcoin up and borrow."}, {"start": "00:39:03", "end": "00:39:07", "text": "Six months later, COVID hit. So, I would"}, {"start": "00:39:05", "end": "00:39:09", "text": "have been I would have paid 200 Bitcoin"}, {"start": "00:39:07", "end": "00:39:10", "text": "for the same house that cost me 100"}, {"start": "00:39:09", "end": "00:39:11", "text": "Bitcoin. So, when we made the product,"}, {"start": "00:39:10", "end": "00:39:13", "text": "we knew"}, {"start": "00:39:11", "end": "00:39:15", "text": ">> we have to eliminate liquidation risk."}, {"start": "00:39:13", "end": "00:39:17", "text": "It's an unacceptable value proposition"}, {"start": "00:39:15", "end": "00:39:19", "text": "that takes away all the all the value"}, {"start": "00:39:17", "end": "00:39:21", "text": "that can be delivered by the product."}, {"start": "00:39:19", "end": "00:39:25", "text": "So, so we did. And what's really amazing"}, {"start": "00:39:21", "end": "00:39:27", "text": "is over time, as Bitcoin gains value in"}, {"start": "00:39:25", "end": "00:39:29", "text": "the self-repaying mortgage, as the for"}, {"start": "00:39:27", "end": "00:39:32", "text": "every 10% that your collateral ratio"}, {"start": "00:39:29", "end": "00:39:34", "text": "strengthens, we will actually lower your"}, {"start": "00:39:32", "end": "00:39:37", "text": "interest rate. So you can post 500,000"}, {"start": "00:39:34", "end": "00:39:40", "text": "of Bitcoin to buy a $500,000 home, no"}, {"start": "00:39:37", "end": "00:39:42", "text": "credit checks, u no income verification,"}, {"start": "00:39:40", "end": "00:39:43", "text": "money talks, and you're putting pristine"}, {"start": "00:39:42", "end": "00:39:46", "text": "collateral, engineered money on the"}, {"start": "00:39:43", "end": "00:39:48", "text": "table, you get your financing. However,"}, {"start": "00:39:46", "end": "00:39:51", "text": "if Bitcoin makes a big move and now you"}, {"start": "00:39:48", "end": "00:39:54", "text": "can post $1.5 million of Bitcoin, which"}, {"start": "00:39:51", "end": "00:39:56", "text": "is a 33% LTV, this is when you get"}, {"start": "00:39:54", "end": "00:39:58", "text": "access to the cheapest cost of capital"}, {"start": "00:39:56", "end": "00:40:02", "text": "for a home buyer in the world. Those"}, {"start": "00:39:58", "end": "00:40:05", "text": "rates range from one to 4%. So, you're"}, {"start": "00:40:02", "end": "00:40:07", "text": "saving hundreds of thousands of dollars"}, {"start": "00:40:05", "end": "00:40:09", "text": "over the life of the loan uh by using"}, {"start": "00:40:07", "end": "00:40:11", "text": "the SRM and by over collateralizing with"}, {"start": "00:40:09", "end": "00:40:13", "text": "Bitcoin. And that's where the magic"}, {"start": "00:40:11", "end": "00:40:16", "text": "happens, guys. When you reduce the risk"}, {"start": "00:40:13", "end": "00:40:18", "text": "for the lender, the lender can reduce"}, {"start": "00:40:16", "end": "00:40:20", "text": "your cost of capital. Interest rates are"}, {"start": "00:40:18", "end": "00:40:22", "text": "not just a function of the supply of"}, {"start": "00:40:20", "end": "00:40:24", "text": "money and the demand for loans. There's"}, {"start": "00:40:22", "end": "00:40:26", "text": "also a risk variable and that's what"}, {"start": "00:40:24", "end": "00:40:30", "text": "People's Reserve looks to address, the"}, {"start": "00:40:26", "end": "00:40:32", "text": "risk variable. But be besides this SRM"}, {"start": "00:40:30", "end": "00:40:33", "text": "uh due to popular demand, the SRM was"}, {"start": "00:40:32", "end": "00:40:35", "text": "the flagship product that was created"}, {"start": "00:40:33", "end": "00:40:37", "text": "based off of my experience and my"}, {"start": "00:40:35", "end": "00:40:40", "text": "mistakes. So, I paid a lot of the R&D"}, {"start": "00:40:37", "end": "00:40:42", "text": "cost for people's reserve personally."}, {"start": "00:40:40", "end": "00:40:44", "text": "But the BMR, the Bitcoin mortgage there"}, {"start": "00:40:42", "end": "00:40:46", "text": "that you see, this is for people who are"}, {"start": "00:40:44", "end": "00:40:49", "text": "maybe just starting out in Bitcoin or"}, {"start": "00:40:46", "end": "00:40:51", "text": "haven't been able to uh get some of the"}, {"start": "00:40:49", "end": "00:40:54", "text": "benefits of Bitcoin's price discovery"}, {"start": "00:40:51", "end": "00:40:56", "text": "process. You only need to post 20% of"}, {"start": "00:40:54", "end": "00:40:58", "text": "the purchase price of of the house. So,"}, {"start": "00:40:56", "end": "00:41:01", "text": "if that same $500,000 house, you only"}, {"start": "00:40:58", "end": "00:41:03", "text": "need to post $100,000 of Bitcoin and you"}, {"start": "00:41:01", "end": "00:41:05", "text": "can get your financing. The difference"}, {"start": "00:41:03", "end": "00:41:08", "text": "is, and it is a key difference, with the"}, {"start": "00:41:05", "end": "00:41:10", "text": "SRM, at the end of the loan, you get"}, {"start": "00:41:08", "end": "00:41:12", "text": "back all of your Bitcoin."}, {"start": "00:41:10", "end": "00:41:15", "text": ">> With the BMR,"}, {"start": "00:41:12", "end": "00:41:17", "text": "when you contribute your Bitcoin, you"}, {"start": "00:41:15", "end": "00:41:19", "text": "split it with the lender up to 5050. So"}, {"start": "00:41:17", "end": "00:41:22", "text": "50% of the Bitcoin is going to work for"}, {"start": "00:41:19", "end": "00:41:23", "text": "you to pay off your debt, and 50% is"}, {"start": "00:41:22", "end": "00:41:24", "text": "going to work for the lender to make up"}, {"start": "00:41:23", "end": "00:41:26", "text": "for the added risk of an"}, {"start": "00:41:24", "end": "00:41:28", "text": "undercolateralized loan that can't be"}, {"start": "00:41:26", "end": "00:41:30", "text": "liquidated. So when you work all those"}, {"start": "00:41:28", "end": "00:41:32", "text": "numbers out, this is where the magic"}, {"start": "00:41:30", "end": "00:41:34", "text": "really happens. We like to call the"}, {"start": "00:41:32", "end": "00:41:35", "text": "Bitcoin mortgage an equity engine"}, {"start": "00:41:34", "end": "00:41:37", "text": "because instead of just taking that"}, {"start": "00:41:35", "end": "00:41:40", "text": "$100,000 and making down payment on the"}, {"start": "00:41:37", "end": "00:41:42", "text": "house and then watching the house go up"}, {"start": "00:41:40", "end": "00:41:45", "text": "or down in value based on interest rates"}, {"start": "00:41:42", "end": "00:41:47", "text": "and inflation rates, you have a portion"}, {"start": "00:41:45", "end": "00:41:49", "text": "of your equity in Bitcoin. And if"}, {"start": "00:41:47", "end": "00:41:51", "text": "Bitcoin can perform at a 30% compounding"}, {"start": "00:41:49", "end": "00:41:54", "text": "annual growth rate, your 30-year"}, {"start": "00:41:51", "end": "00:41:56", "text": "mortgage is paid off in year eight. And"}, {"start": "00:41:54", "end": "00:41:59", "text": "let's say Bitcoin underperforms, you get"}, {"start": "00:41:56", "end": "00:42:02", "text": "a 15% kagger, keeps up with the stock"}, {"start": "00:41:59", "end": "00:42:04", "text": "market. your 30-year mortgage is paid"}, {"start": "00:42:02", "end": "00:42:07", "text": "off in year 14."}, {"start": "00:42:04", "end": "00:42:09", "text": ">> So, you finding a way to use Bitcoin is"}, {"start": "00:42:07", "end": "00:42:11", "text": "is going to be one of the next waves of"}, {"start": "00:42:09", "end": "00:42:13", "text": "adoption, right? People know that they"}, {"start": "00:42:11", "end": "00:42:15", "text": "can save Bitcoin. It can go up in value."}, {"start": "00:42:13", "end": "00:42:17", "text": "They can increase their purchasing power"}, {"start": "00:42:15", "end": "00:42:19", "text": "and they can they can create wealth if"}, {"start": "00:42:17", "end": "00:42:21", "text": "the price goes up. That's a pretty good"}, {"start": "00:42:19", "end": "00:42:22", "text": "use case. It is a savings technology,"}, {"start": "00:42:21", "end": "00:42:26", "text": "but we believe at People's Reserve a"}, {"start": "00:42:22", "end": "00:42:27", "text": "better use case is why save up $100,000"}, {"start": "00:42:26", "end": "00:42:29", "text": "to make a down payment on a house when"}, {"start": "00:42:27", "end": "00:42:32", "text": "you can take that same savings, put it"}, {"start": "00:42:29", "end": "00:42:34", "text": "into Bitcoin, get the financing at a"}, {"start": "00:42:32", "end": "00:42:37", "text": "lower interest rate. The BMR rates are"}, {"start": "00:42:34", "end": "00:42:39", "text": "between three and six%. And then at the"}, {"start": "00:42:37", "end": "00:42:41", "text": "same time, the Bitcoin continues to work"}, {"start": "00:42:39", "end": "00:42:43", "text": "for you to reduce the burden of your"}, {"start": "00:42:41", "end": "00:42:44", "text": "debt. Imagine"}, {"start": "00:42:43", "end": "00:42:46", "text": ">> in year eight, you don't have to make"}, {"start": "00:42:44", "end": "00:42:47", "text": "your principal payments anymore. Well,"}, {"start": "00:42:46", "end": "00:42:49", "text": "that's a couple thousand dollars per"}, {"start": "00:42:47", "end": "00:42:51", "text": "month that you can spend on you and your"}, {"start": "00:42:49", "end": "00:42:52", "text": "family, increasing your quality of life"}, {"start": "00:42:51", "end": "00:42:55", "text": "and standard of living."}, {"start": "00:42:52", "end": "00:42:56", "text": ">> No, that that I think is extremely key."}, {"start": "00:42:55", "end": "00:42:57", "text": "What you're just saying there, something"}, {"start": "00:42:56", "end": "00:43:00", "text": "my camera's cutting and out. It should"}, {"start": "00:42:57", "end": "00:43:02", "text": "pop back in. There it goes. Uh is your"}, {"start": "00:43:00", "end": "00:43:04", "text": "basically your down payment is working"}, {"start": "00:43:02", "end": "00:43:06", "text": "on your behalf. So, like normally when"}, {"start": "00:43:04", "end": "00:43:08", "text": "you go make a down payment on a house,"}, {"start": "00:43:06", "end": "00:43:10", "text": "that's it. You've got your down payment."}, {"start": "00:43:08", "end": "00:43:12", "text": "you've still got 30 years ahead to, you"}, {"start": "00:43:10", "end": "00:43:13", "text": "know, make continue to make your"}, {"start": "00:43:12", "end": "00:43:14", "text": "payments and you're paying a lot of"}, {"start": "00:43:13", "end": "00:43:16", "text": "interest as everybody knows if you've"}, {"start": "00:43:14", "end": "00:43:19", "text": "ever bought a house. Where here, like"}, {"start": "00:43:16", "end": "00:43:21", "text": "you said, a portion of that is"}, {"start": "00:43:19", "end": "00:43:23", "text": "continuing to grow and helping you pay"}, {"start": "00:43:21", "end": "00:43:24", "text": "down your equity faster. You're getting"}, {"start": "00:43:23", "end": "00:43:26", "text": "a better interest rate because it's"}, {"start": "00:43:24", "end": "00:43:29", "text": "being shared with the lender. So, yeah,"}, {"start": "00:43:26", "end": "00:43:31", "text": "really, really cool product. Uh, I think"}, {"start": "00:43:29", "end": "00:43:33", "text": "more and more we're going to see more"}, {"start": "00:43:31", "end": "00:43:35", "text": "things like this coming as time goes on"}, {"start": "00:43:33", "end": "00:43:37", "text": "and as the institutions and the clarity"}, {"start": "00:43:35", "end": "00:43:40", "text": "and all this the regulation gets in"}, {"start": "00:43:37", "end": "00:43:42", "text": "place. And this is part of why I'm"}, {"start": "00:43:40", "end": "00:43:43", "text": "getting more and more bullish as you"}, {"start": "00:43:42", "end": "00:43:45", "text": "said on crypto. For those of us that"}, {"start": "00:43:43", "end": "00:43:46", "text": "have been in here or on Bitcoin"}, {"start": "00:43:45", "end": "00:43:49", "text": "specifically, for those of us that have"}, {"start": "00:43:46", "end": "00:43:51", "text": "been here for a while, you know, we know"}, {"start": "00:43:49", "end": "00:43:53", "text": "there was nothing like this that existed"}, {"start": "00:43:51", "end": "00:43:55", "text": "in the market back when we needed it."}, {"start": "00:43:53", "end": "00:43:57", "text": "And so seeing these things roll out,"}, {"start": "00:43:55", "end": "00:44:00", "text": "getting the regulatory clarity, it"}, {"start": "00:43:57", "end": "00:44:03", "text": "provides for a whole new environment for"}, {"start": "00:44:00", "end": "00:44:06", "text": "lenders and borrowers and really users"}, {"start": "00:44:03", "end": "00:44:07", "text": "and products as this space matures. So"}, {"start": "00:44:06", "end": "00:44:09", "text": "really cool,"}, {"start": "00:44:07", "end": "00:44:12", "text": ">> what we're going to see is that and and"}, {"start": "00:44:09", "end": "00:44:14", "text": "and you know, I'm a Bitcoin maxi, but we"}, {"start": "00:44:12", "end": "00:44:15", "text": "have a loyalty program and we have"}, {"start": "00:44:14", "end": "00:44:17", "text": "something called the PRN token. Now, if"}, {"start": "00:44:15", "end": "00:44:19", "text": "any of your users have used Nexo before,"}, {"start": "00:44:17", "end": "00:44:22", "text": "it works very similar to that, but it's"}, {"start": "00:44:19", "end": "00:44:24", "text": "not about depositing assets and earning"}, {"start": "00:44:22", "end": "00:44:26", "text": "yield. It's about borrowing. So, that's"}, {"start": "00:44:24", "end": "00:44:28", "text": "when I was telling you those ranges that"}, {"start": "00:44:26", "end": "00:44:31", "text": "one and 4%. We have a basic silver,"}, {"start": "00:44:28", "end": "00:44:32", "text": "gold, and diamond loyalty range. And I"}, {"start": "00:44:31", "end": "00:44:35", "text": "believe personally through my experience"}, {"start": "00:44:32", "end": "00:44:37", "text": "since 2013, crypto for some reason"}, {"start": "00:44:35", "end": "00:44:39", "text": "started competing with Bitcoin when it"}, {"start": "00:44:37", "end": "00:44:41", "text": "was always meant to complement Bitcoin."}, {"start": "00:44:39", "end": "00:44:45", "text": "I was lucky enough to participate in the"}, {"start": "00:44:41", "end": "00:44:47", "text": "Ethereum ICO. I sent them my Bitcoin and"}, {"start": "00:44:45", "end": "00:44:51", "text": "the idea was smart contracts were going"}, {"start": "00:44:47", "end": "00:44:52", "text": "to evolve Bitcoin from digital gold to"}, {"start": "00:44:51", "end": "00:44:54", "text": "collateral. That's the whole point of"}, {"start": "00:44:52", "end": "00:44:56", "text": "the contract to allow financial"}, {"start": "00:44:54", "end": "00:44:58", "text": "transactions to take place with the"}, {"start": "00:44:56", "end": "00:45:00", "text": "actual money. [clears throat] The the"}, {"start": "00:44:58", "end": "00:45:03", "text": "marketplace shifted away from that. But"}, {"start": "00:45:00", "end": "00:45:04", "text": "we believe with our PRN token loyalty"}, {"start": "00:45:03", "end": "00:45:07", "text": "program, we're getting back to what the"}, {"start": "00:45:04", "end": "00:45:08", "text": "original idea was, which is Bitcoin is"}, {"start": "00:45:07", "end": "00:45:11", "text": "money. It's the pristine collateral"}, {"start": "00:45:08", "end": "00:45:14", "text": "foundation for the future of finance and"}, {"start": "00:45:11", "end": "00:45:15", "text": "crypto complements Bitcoin. And when you"}, {"start": "00:45:14", "end": "00:45:18", "text": "complement Bitcoin and you offer"}, {"start": "00:45:15", "end": "00:45:20", "text": "economic benefits like lower interest"}, {"start": "00:45:18", "end": "00:45:23", "text": "rates, therefore the users of the"}, {"start": "00:45:20", "end": "00:45:25", "text": "program saving, getting real economic"}, {"start": "00:45:23", "end": "00:45:27", "text": "benefits, quantifiable. We like to say"}, {"start": "00:45:25", "end": "00:45:28", "text": "don't speculate, calculate. Right? You"}, {"start": "00:45:27", "end": "00:45:29", "text": "don't buy the token because you think"}, {"start": "00:45:28", "end": "00:45:31", "text": "the price is going to go up. You buy the"}, {"start": "00:45:29", "end": "00:45:32", "text": "token because you're calculating how"}, {"start": "00:45:31", "end": "00:45:35", "text": "much money you're going to save on your"}, {"start": "00:45:32", "end": "00:45:37", "text": "monthly payment. This is real world use"}, {"start": "00:45:35", "end": "00:45:39", "text": "case that complements Bitcoin as a"}, {"start": "00:45:37", "end": "00:45:41", "text": "pristine collateral. That's where the"}, {"start": "00:45:39", "end": "00:45:43", "text": "market is going. And I I heard you"}, {"start": "00:45:41", "end": "00:45:45", "text": "mention institutions too. One more uh"}, {"start": "00:45:43", "end": "00:45:47", "text": "little gem I can throw to everybody some"}, {"start": "00:45:45", "end": "00:45:49", "text": "inside baseball because I'm at the at"}, {"start": "00:45:47", "end": "00:45:51", "text": "the tip of the spear here. What our"}, {"start": "00:45:49", "end": "00:45:53", "text": "liquidity provider Trufi does, they're"}, {"start": "00:45:51", "end": "00:45:55", "text": "the exclusive liquidity provider for our"}, {"start": "00:45:53", "end": "00:45:58", "text": "Bitcoin powered mortgages. They actually"}, {"start": "00:45:55", "end": "00:46:00", "text": "take the Bitcoin and gold mortgages that"}, {"start": "00:45:58", "end": "00:46:02", "text": "they write and package them together and"}, {"start": "00:46:00", "end": "00:46:04", "text": "they create a Bitcoin mortgage back"}, {"start": "00:46:02", "end": "00:46:05", "text": "security. So you look at the mortgage"}, {"start": "00:46:04", "end": "00:46:07", "text": "market right now, mortgage back"}, {"start": "00:46:05", "end": "00:46:09", "text": "securities are a 12 trillion dollar"}, {"start": "00:46:07", "end": "00:46:11", "text": "marketplace. Nobody wants to buy them"}, {"start": "00:46:09", "end": "00:46:13", "text": "because they're very high risk and"}, {"start": "00:46:11", "end": "00:46:16", "text": "lowreward. But when you integrate"}, {"start": "00:46:13", "end": "00:46:18", "text": "Bitcoin and gold as pristine collateral"}, {"start": "00:46:16", "end": "00:46:21", "text": "into a mortgage, it now becomes low"}, {"start": "00:46:18", "end": "00:46:23", "text": "risk, high reward. And when you get"}, {"start": "00:46:21", "end": "00:46:25", "text": "people in institutions, right, fixed"}, {"start": "00:46:23", "end": "00:46:27", "text": "income institutional investors that are"}, {"start": "00:46:25", "end": "00:46:29", "text": "looking for lowrisk, highreward and they"}, {"start": "00:46:27", "end": "00:46:31", "text": "start buying these Bitcoin mortgage back"}, {"start": "00:46:29", "end": "00:46:33", "text": "securities, that's going to press"}, {"start": "00:46:31", "end": "00:46:35", "text": "interest rates down even more. So, it's"}, {"start": "00:46:33", "end": "00:46:36", "text": "going to become a function of does it"}, {"start": "00:46:35", "end": "00:46:39", "text": "make sense to go to the bank and make a"}, {"start": "00:46:36", "end": "00:46:40", "text": "promise and pay six and a half% and pay"}, {"start": "00:46:39", "end": "00:46:43", "text": "more in interest than I did for the"}, {"start": "00:46:40", "end": "00:46:45", "text": "purchase price of the home or should I"}, {"start": "00:46:43", "end": "00:46:47", "text": "start saving in Bitcoin and get access"}, {"start": "00:46:45", "end": "00:46:49", "text": "to the cheapest interest rates in the"}, {"start": "00:46:47", "end": "00:46:51", "text": "world. that value proposition will lead"}, {"start": "00:46:49", "end": "00:46:53", "text": "to the next wave of adoption."}, {"start": "00:46:51", "end": "00:46:56", "text": ">> Absolutely. And that's what we're seeing"}, {"start": "00:46:53", "end": "00:46:58", "text": "uh all over the place and uh really"}, {"start": "00:46:56", "end": "00:47:00", "text": "really cool product and it's really cool"}, {"start": "00:46:58", "end": "00:47:02", "text": "to see it develop more as time goes on."}, {"start": "00:47:00", "end": "00:47:04", "text": "We first met a couple years ago when you"}, {"start": "00:47:02", "end": "00:47:06", "text": "only had the one product and like you"}, {"start": "00:47:04", "end": "00:47:08", "text": "said by popular demand now people can"}, {"start": "00:47:06", "end": "00:47:10", "text": "use the down payment product which I"}, {"start": "00:47:08", "end": "00:47:12", "text": "think is great. It opens it up to more"}, {"start": "00:47:10", "end": "00:47:15", "text": "and more individuals to be able to take"}, {"start": "00:47:12", "end": "00:47:18", "text": "access or to take part in these type of"}, {"start": "00:47:15", "end": "00:47:21", "text": "features and tools. and watching the"}, {"start": "00:47:18", "end": "00:47:22", "text": "space develop like this is just been a"}, {"start": "00:47:21", "end": "00:47:24", "text": "lot of fun over time. So, I'm sure you"}, {"start": "00:47:22", "end": "00:47:26", "text": "can appreciate it as being here for a"}, {"start": "00:47:24", "end": "00:47:28", "text": "long time. Uh really appreciate you"}, {"start": "00:47:26", "end": "00:47:30", "text": "joining us here today. I would love to"}, {"start": "00:47:28", "end": "00:47:32", "text": "have you back in our school program"}, {"start": "00:47:30", "end": "00:47:35", "text": "especially because that's where we get"}, {"start": "00:47:32", "end": "00:47:37", "text": "into very specific strategies of of how"}, {"start": "00:47:35", "end": "00:47:40", "text": "to kind of take advantage of when you do"}, {"start": "00:47:37", "end": "00:47:42", "text": "have a decent sized portfolio. U but"}, {"start": "00:47:40", "end": "00:47:43", "text": "always a pleasure to have you on here."}, {"start": "00:47:42", "end": "00:47:45", "text": "I'm sure we'll see you again see you at"}, {"start": "00:47:43", "end": "00:47:47", "text": "the Bitcoin conference and we'll have"}, {"start": "00:47:45", "end": "00:47:48", "text": "you back here again soon. But uh the"}, {"start": "00:47:47", "end": "00:47:50", "text": "link uh if you guys want to go check"}, {"start": "00:47:48", "end": "00:47:53", "text": "this out of what we were sharing uh it"}, {"start": "00:47:50", "end": "00:47:55", "text": "is people'sreserve.com"}, {"start": "00:47:53", "end": "00:47:57", "text": "and there is a link in the chat and in"}, {"start": "00:47:55", "end": "00:47:58", "text": "the description and we appreciate you"}, {"start": "00:47:57", "end": "00:47:59", "text": "coming in."}, {"start": "00:47:58", "end": "00:48:01", "text": ">> Yeah, thank you so much for having me"}, {"start": "00:47:59", "end": "00:48:03", "text": "and everybody what I recommend is just"}, {"start": "00:48:01", "end": "00:48:05", "text": "go play with our calculators. Go on the"}, {"start": "00:48:03", "end": "00:48:07", "text": "website, play with the calculators. You"}, {"start": "00:48:05", "end": "00:48:09", "text": "can plug in your specific numbers and"}, {"start": "00:48:07", "end": "00:48:11", "text": "see the difference in your payment from"}, {"start": "00:48:09", "end": "00:48:12", "text": "working with Bitcoin versus Trafy."}, {"start": "00:48:11", "end": "00:48:13", "text": "Thanks so much guys and I look forward"}, {"start": "00:48:12", "end": "00:48:17", "text": "to coming back on again."}, {"start": "00:48:13", "end": "00:48:17", "text": ">> All right, thanks CJ. Take care."}, {"start": "00:48:18", "end": "00:48:22", "text": "All right, man. That was a lot of"}, {"start": "00:48:20", "end": "00:48:25", "text": "information right there. I got to take"}, {"start": "00:48:22", "end": "00:48:28", "text": "something back that I said in the past."}, {"start": "00:48:25", "end": "00:48:29", "text": ">> Apparently, you can live in a Bitcoin. I"}, {"start": "00:48:28", "end": "00:48:31", "text": "guess you can live in a Bitcoin. You"}, {"start": "00:48:29", "end": "00:48:33", "text": "know, it's uh"}, {"start": "00:48:31", "end": "00:48:35", "text": ">> pretty interesting what he's building"}, {"start": "00:48:33", "end": "00:48:39", "text": "there, man. So, you know, and that is"}, {"start": "00:48:35", "end": "00:48:42", "text": "the lesson of spending what was it 100"}, {"start": "00:48:39", "end": "00:48:42", "text": "Bitcoin he said for a $500,000 house."}, {"start": "00:48:42", "end": "00:48:44", "text": "Mhm."}, {"start": "00:48:42", "end": "00:48:46", "text": ">> I mean, that hurts if you especially if"}, {"start": "00:48:44", "end": "00:48:47", "text": "you've been in crypto for cycle over"}, {"start": "00:48:46", "end": "00:48:49", "text": "cycle. Holy cow."}, {"start": "00:48:47", "end": "00:48:51", "text": ">> Well, especially if you believe like"}, {"start": "00:48:49", "end": "00:48:52", "text": "many of us do that Bitcoin will be over"}, {"start": "00:48:51", "end": "00:48:54", "text": "a million dollars one day. I mean, that"}, {"start": "00:48:52", "end": "00:48:57", "text": "could be a hund00 million. Uh, and that,"}, {"start": "00:48:54", "end": "00:48:58", "text": "you know, like that that when you really"}, {"start": "00:48:57", "end": "00:49:00", "text": "now you can't do that once you do it,"}, {"start": "00:48:58", "end": "00:49:01", "text": "you can't do that math anymore. You"}, {"start": "00:49:00", "end": "00:49:02", "text": "know, it's in the past. You can't change"}, {"start": "00:49:01", "end": "00:49:04", "text": "the past. Once you've made that"}, {"start": "00:49:02", "end": "00:49:06", "text": "decision, it's over. But you can adjust"}, {"start": "00:49:04", "end": "00:49:07", "text": "your future and think about how you're"}, {"start": "00:49:06", "end": "00:49:10", "text": "going to do things differently. cuz I"}, {"start": "00:49:07", "end": "00:49:12", "text": "did I had a similar story uh when I you"}, {"start": "00:49:10", "end": "00:49:14", "text": "know thought I was a genius taking"}, {"start": "00:49:12", "end": "00:49:17", "text": "profits in 2021. Yeah."}, {"start": "00:49:14", "end": "00:49:19", "text": ">> And u you know because there's a whole"}, {"start": "00:49:17", "end": "00:49:20", "text": "other discussion when it comes to taxes"}, {"start": "00:49:19", "end": "00:49:22", "text": "and insurance and carrying costs and all"}, {"start": "00:49:20", "end": "00:49:24", "text": "the other stuff that comes with real"}, {"start": "00:49:22", "end": "00:49:26", "text": "estate and why you know it's great to be"}, {"start": "00:49:24", "end": "00:49:28", "text": "able to stay in your Bitcoin. And I did"}, {"start": "00:49:26", "end": "00:49:29", "text": "see this comment that it's cool but a"}, {"start": "00:49:28", "end": "00:49:32", "text": "lot of this audience can't take"}, {"start": "00:49:29", "end": "00:49:33", "text": "advantage of this in you know like you"}, {"start": "00:49:32", "end": "00:49:35", "text": "can if it's a down payment because you"}, {"start": "00:49:33", "end": "00:49:38", "text": "like if you do the math again go do the"}, {"start": "00:49:35", "end": "00:49:40", "text": "math. A lot of people make a buy a house"}, {"start": "00:49:38", "end": "00:49:42", "text": "with a 20% down payment and they pay a"}, {"start": "00:49:40", "end": "00:49:43", "text": "much higher interest rate especially"}, {"start": "00:49:42", "end": "00:49:45", "text": "right now. So really the advantage of"}, {"start": "00:49:43", "end": "00:49:49", "text": "that product is you can get a lower"}, {"start": "00:49:45", "end": "00:49:52", "text": "interest rate and again your your down"}, {"start": "00:49:49", "end": "00:49:54", "text": "payment is working on your behalf. So"}, {"start": "00:49:52", "end": "00:49:56", "text": "it's it if you start running the numbers"}, {"start": "00:49:54", "end": "00:49:58", "text": "it actually are pretty interesting"}, {"start": "00:49:56", "end": "00:50:00", "text": "products. It's a lot to get into the"}, {"start": "00:49:58", "end": "00:50:02", "text": "nuts and bolts on YouTube and and again"}, {"start": "00:50:00", "end": "00:50:03", "text": "I understand a lot of you guys you know"}, {"start": "00:50:02", "end": "00:50:04", "text": "you don't have 100 Bitcoin, you don't"}, {"start": "00:50:03", "end": "00:50:07", "text": "have 10 Bitcoin, you don't have one"}, {"start": "00:50:04", "end": "00:50:09", "text": "Bitcoin and I I completely understand"}, {"start": "00:50:07", "end": "00:50:12", "text": "that but the we want to start once you"}, {"start": "00:50:09", "end": "00:50:15", "text": "hit certain goals and certain levels how"}, {"start": "00:50:12", "end": "00:50:18", "text": "you optimize your portfolio and how you"}, {"start": "00:50:15", "end": "00:50:20", "text": "use the right taking profits is key but"}, {"start": "00:50:18", "end": "00:50:22", "text": "you want to do it in a way that improves"}, {"start": "00:50:20", "end": "00:50:24", "text": "your life and doesn't change your"}, {"start": "00:50:22", "end": "00:50:27", "text": "financial future in a drastically"}, {"start": "00:50:24", "end": "00:50:30", "text": "negative way. So selling Bitcoin is"}, {"start": "00:50:27", "end": "00:50:31", "text": "almost always if you believe like I do"}, {"start": "00:50:30", "end": "00:50:32", "text": "that it's going to go to a million"}, {"start": "00:50:31", "end": "00:50:33", "text": "dollars. I think it's going to go to a"}, {"start": "00:50:32", "end": "00:50:36", "text": "million dollars in my lifetime, probably"}, {"start": "00:50:33", "end": "00:50:39", "text": "much higher than that. Um and so I"}, {"start": "00:50:36", "end": "00:50:41", "text": "generally don't sell Bitcoin. I will"}, {"start": "00:50:39", "end": "00:50:44", "text": "borrow against Bitcoin and I might even"}, {"start": "00:50:41", "end": "00:50:46", "text": "use a product like what CJ has here if I"}, {"start": "00:50:44", "end": "00:50:48", "text": "do another home purchase or anything"}, {"start": "00:50:46", "end": "00:50:50", "text": "like that in the future. Uh right now"}, {"start": "00:50:48", "end": "00:50:53", "text": "I've I've used the traditional DeFi"}, {"start": "00:50:50", "end": "00:50:55", "text": "products which is worth noting. I had"}, {"start": "00:50:53", "end": "00:50:58", "text": "some stuff on that. You guys know I love"}, {"start": "00:50:55", "end": "00:51:01", "text": "DeFi. And Matt Hogan, another one in"}, {"start": "00:50:58", "end": "00:51:04", "text": "this space that's uh you know, I think"}, {"start": "00:51:01", "end": "00:51:06", "text": "he's CIO, chief investment officer, uh"}, {"start": "00:51:04", "end": "00:51:08", "text": "was talking about DeFi is up 30 to 40%"}, {"start": "00:51:06", "end": "00:51:09", "text": "in the last three months, even though"}, {"start": "00:51:08", "end": "00:51:11", "text": "broader crypto is down. You don't"}, {"start": "00:51:09", "end": "00:51:13", "text": "usually get small caps rallying while"}, {"start": "00:51:11", "end": "00:51:14", "text": "large caps decline in a bare market."}, {"start": "00:51:13", "end": "00:51:16", "text": "That happens at the peak of the bull"}, {"start": "00:51:14", "end": "00:51:18", "text": "market. And we've experienced this in"}, {"start": "00:51:16", "end": "00:51:21", "text": "our portfolios with things like Morpho,"}, {"start": "00:51:18", "end": "00:51:23", "text": "things like a you know th this is"}, {"start": "00:51:21", "end": "00:51:25", "text": "getting stronger and stronger than it"}, {"start": "00:51:23", "end": "00:51:27", "text": "ever has. Oh, here it is. Yeah, same"}, {"start": "00:51:25", "end": "00:51:29", "text": "same conversation. That's what he's"}, {"start": "00:51:27", "end": "00:51:32", "text": "talking about. No traditional investor"}, {"start": "00:51:29", "end": "00:51:34", "text": "knows what Morpho, A, or Uniswap is. You"}, {"start": "00:51:32", "end": "00:51:37", "text": "could throw Jupiter in there and some of"}, {"start": "00:51:34", "end": "00:51:39", "text": "the Salana ones too if you want, but uh"}, {"start": "00:51:37", "end": "00:51:42", "text": "most of the big money have no clue what"}, {"start": "00:51:39", "end": "00:51:44", "text": "that is. And so you have a very mo, you"}, {"start": "00:51:42", "end": "00:51:46", "text": "know, cryptonnative investors have a"}, {"start": "00:51:44", "end": "00:51:48", "text": "rare edge against smart money right now."}, {"start": "00:51:46", "end": "00:51:50", "text": "They're learning fast. They're"}, {"start": "00:51:48", "end": "00:51:51", "text": "definitely learning fast. And people"}, {"start": "00:51:50", "end": "00:51:54", "text": "like CJ are doing a great job of"}, {"start": "00:51:51", "end": "00:51:56", "text": "educating institutional investors about"}, {"start": "00:51:54", "end": "00:51:59", "text": "the riskreward on some of these things."}, {"start": "00:51:56", "end": "00:52:01", "text": "And when those when the regulation is"}, {"start": "00:51:59", "end": "00:52:02", "text": "cleared, that's really what I'm waiting"}, {"start": "00:52:01", "end": "00:52:04", "text": "for in a lot of ways. It's like we have"}, {"start": "00:52:02", "end": "00:52:06", "text": "an opportunity to accumulate right now,"}, {"start": "00:52:04", "end": "00:52:08", "text": "but as soon as that regulation gets"}, {"start": "00:52:06", "end": "00:52:09", "text": "cleared for big money to start taking"}, {"start": "00:52:08", "end": "00:52:12", "text": "advantage of this and it's it's already"}, {"start": "00:52:09", "end": "00:52:13", "text": "a lot more clear than it once was um"}, {"start": "00:52:12", "end": "00:52:15", "text": "than the"}, {"start": "00:52:13", "end": "00:52:17", "text": ">> point with mortgage back securities"}, {"start": "00:52:15", "end": "00:52:19", "text": "though, right? That mortgage back"}, {"start": "00:52:17", "end": "00:52:21", "text": "securities is a huge point. It's like"}, {"start": "00:52:19", "end": "00:52:23", "text": ">> that's a massive amount of money that is"}, {"start": "00:52:21", "end": "00:52:25", "text": "just waiting on the sidelines to get"}, {"start": "00:52:23", "end": "00:52:27", "text": "opened up into the crypto and Bitcoin"}, {"start": "00:52:25", "end": "00:52:30", "text": "ecosystem. And honestly, looking at"}, {"start": "00:52:27", "end": "00:52:32", "text": "Bitcoin's graph from a weekly backed up"}, {"start": "00:52:30", "end": "00:52:34", "text": "zoomed out time frame, there is no way"}, {"start": "00:52:32", "end": "00:52:37", "text": "in hell I'm betting against this graph."}, {"start": "00:52:34", "end": "00:52:40", "text": "Um, you know, this is one of the"}, {"start": "00:52:37", "end": "00:52:43", "text": "healthier macro charts out there, right?"}, {"start": "00:52:40", "end": "00:52:45", "text": "I mean, if you look even at the S&P,"}, {"start": "00:52:43", "end": "00:52:47", "text": "highly overextended, and honestly, it's"}, {"start": "00:52:45", "end": "00:52:51", "text": "a very important part of the e economy"}, {"start": "00:52:47", "end": "00:52:53", "text": "in America. But Bitcoin is following a"}, {"start": "00:52:51", "end": "00:52:56", "text": "four-year cycle to a very strong degree."}, {"start": "00:52:53", "end": "00:52:58", "text": "The real pain that I think people have"}, {"start": "00:52:56", "end": "00:53:00", "text": "had um is like what the hell do we do"}, {"start": "00:52:58", "end": "00:53:01", "text": "with these altcoins right now, right?"}, {"start": "00:53:00", "end": "00:53:04", "text": "What the hell do we do with especially"}, {"start": "00:53:01", "end": "00:53:06", "text": "Cardono? I will say the mo the most"}, {"start": "00:53:04", "end": "00:53:09", "text": "common question I get asked is how do I"}, {"start": "00:53:06", "end": "00:53:10", "text": "get myself out of this Cardono hole? Um"}, {"start": "00:53:09", "end": "00:53:13", "text": "Charles Hoskinson hitting the circuit to"}, {"start": "00:53:10", "end": "00:53:16", "text": "kind of alleviate that. Had a interview"}, {"start": "00:53:13", "end": "00:53:17", "text": "with David H. Uh what is this guy? David"}, {"start": "00:53:16", "end": "00:53:19", "text": "Dockstein, right?"}, {"start": "00:53:17", "end": "00:53:21", "text": ">> Is that uh Do you want to listen to this"}, {"start": "00:53:19", "end": "00:53:23", "text": "TJ? This is kind of insane."}, {"start": "00:53:21", "end": "00:53:25", "text": ">> Sure, why not?"}, {"start": "00:53:23", "end": "00:53:26", "text": "[laughter] Oh, should we do a poll to"}, {"start": "00:53:25", "end": "00:53:28", "text": "see how many uh"}, {"start": "00:53:26", "end": "00:53:28", "text": ">> Yeah, I'm doing that right now."}, {"start": "00:53:28", "end": "00:53:31", "text": ">> Okay. And see how much"}, {"start": "00:53:28", "end": "00:53:32", "text": ">> and and I'm going to do this for Bitcoin"}, {"start": "00:53:31", "end": "00:53:34", "text": "value. I don't want you don't have to"}, {"start": "00:53:32", "end": "00:53:35", "text": "necessarily say exact Bitcoin, but if"}, {"start": "00:53:34", "end": "00:53:37", "text": "you take all your altcoins and rolled"}, {"start": "00:53:35", "end": "00:53:38", "text": "them into Bitcoin, what is the Bitcoin"}, {"start": "00:53:37", "end": "00:53:40", "text": "value of your portfolio? I am just"}, {"start": "00:53:38", "end": "00:53:42", "text": "curious and I hope I picked broad enough"}, {"start": "00:53:40", "end": "00:53:45", "text": "ranges to give us an idea because I am I"}, {"start": "00:53:42", "end": "00:53:48", "text": "am curious the general"}, {"start": "00:53:45", "end": "00:53:48", "text": "dollar value per se of your portfolio."}, {"start": "00:53:48", "end": "00:53:49", "text": "But"}, {"start": "00:53:48", "end": "00:53:50", "text": ">> yeah,"}, {"start": "00:53:49", "end": "00:53:52", "text": ">> I know we got a lot of people with"}, {"start": "00:53:50", "end": "00:53:52", "text": "multiple six figures because I talked to"}, {"start": "00:53:52", "end": "00:53:54", "text": "them."}, {"start": "00:53:52", "end": "00:53:56", "text": ">> Um, and I know we got a lot of people"}, {"start": "00:53:54", "end": "00:53:58", "text": "with probably only, you know, four"}, {"start": "00:53:56", "end": "00:54:00", "text": "figures. So, which is no shame in that."}, {"start": "00:53:58", "end": "00:54:02", "text": "You know, everybody starts somewhere."}, {"start": "00:54:00", "end": "00:54:04", "text": "But when I when I started it, it was"}, {"start": "00:54:02", "end": "00:54:06", "text": "only four figures. You know, it was only"}, {"start": "00:54:04", "end": "00:54:09", "text": "a few thousand dollars has turned into"}, {"start": "00:54:06", "end": "00:54:11", "text": ">> a lot more than that over time. And"}, {"start": "00:54:09", "end": "00:54:12", "text": ">> I'm not guaranteeing any of the same"}, {"start": "00:54:11", "end": "00:54:13", "text": "results, but I'm just saying it is"}, {"start": "00:54:12", "end": "00:54:15", "text": "possible,"}, {"start": "00:54:13", "end": "00:54:17", "text": ">> right? Well, when you're starting in,"}, {"start": "00:54:15", "end": "00:54:18", "text": "you know, a few thousand dollar sector,"}, {"start": "00:54:17", "end": "00:54:21", "text": "usually you're punching up, right?"}, {"start": "00:54:18", "end": "00:54:23", "text": "You're going after small market cap"}, {"start": "00:54:21", "end": "00:54:26", "text": "coins, things that have great upside"}, {"start": "00:54:23", "end": "00:54:28", "text": "potential. And Hoskinson hopped on to"}, {"start": "00:54:26", "end": "00:54:30", "text": "David Gawkstein. I think this is uh over"}, {"start": "00:54:28", "end": "00:54:31", "text": "the past week here to talk about it. I"}, {"start": "00:54:30", "end": "00:54:31", "text": "want to have a listen to this real"}, {"start": "00:54:31", "end": "00:54:33", "text": "quick."}, {"start": "00:54:31", "end": "00:54:36", "text": ">> Cardon was two and a half cents. It went"}, {"start": "00:54:33", "end": "00:54:37", "text": "to $3. Don't [�__�] tell me Cardono"}, {"start": "00:54:36", "end": "00:54:40", "text": "because it went to two and a half cents"}, {"start": "00:54:37", "end": "00:54:42", "text": "down from A$148."}, {"start": "00:54:40", "end": "00:54:44", "text": ">> It didn't start there and go up. It was"}, {"start": "00:54:42", "end": "00:54:46", "text": "at the top. It went down, it went back"}, {"start": "00:54:44", "end": "00:54:49", "text": "up, just like Bitcoin did. You're never"}, {"start": "00:54:46", "end": "00:54:51", "text": "out as long as you have the philosophy,"}, {"start": "00:54:49", "end": "00:54:54", "text": "as long as you have the mission, and you"}, {"start": "00:54:51", "end": "00:54:56", "text": "solve real problems. The issue is we're"}, {"start": "00:54:54", "end": "00:54:57", "text": "not in the age of quick 10x. You buy"}, {"start": "00:54:56", "end": "00:54:59", "text": "something, you wake up tomorrow, you"}, {"start": "00:54:57", "end": "00:55:01", "text": "have a 10x, you got to earn it. Just"}, {"start": "00:54:59", "end": "00:55:03", "text": "like you got to win the basketball game,"}, {"start": "00:55:01", "end": "00:55:04", "text": "right? So that's what we're doing with"}, {"start": "00:55:03", "end": "00:55:07", "text": "midnight and all this other stuff. If"}, {"start": "00:55:04", "end": "00:55:08", "text": "midnight is a success, you'll have a 10"}, {"start": "00:55:07", "end": "00:55:10", "text": "billion dollar thing on Cardono. What"}, {"start": "00:55:08", "end": "00:55:11", "text": "does that mean? Cardono can launch 10"}, {"start": "00:55:10", "end": "00:55:13", "text": "billion dollar things."}, {"start": "00:55:11", "end": "00:55:14", "text": ">> Yeah. with all the users and the"}, {"start": "00:55:13", "end": "00:55:16", "text": "ecosystem that comes with it. So, let's"}, {"start": "00:55:14", "end": "00:55:20", "text": "go launch three more midnights."}, {"start": "00:55:16", "end": "00:55:23", "text": ">> This is getting out of hand. Um I think"}, {"start": "00:55:20", "end": "00:55:25", "text": "the So, TJ, when you had Charles on the"}, {"start": "00:55:23", "end": "00:55:26", "text": "show and you you it was like right as"}, {"start": "00:55:25", "end": "00:55:28", "text": "midnight was rolling out."}, {"start": "00:55:26", "end": "00:55:30", "text": ">> Mhm."}, {"start": "00:55:28", "end": "00:55:34", "text": ">> You you found something very key out of"}, {"start": "00:55:30", "end": "00:55:36", "text": "that conversation, right? And I just"}, {"start": "00:55:34", "end": "00:55:38", "text": "want to kind of stick on this subject"}, {"start": "00:55:36", "end": "00:55:40", "text": "for a minute because we're in a bare"}, {"start": "00:55:38", "end": "00:55:43", "text": "market and I've already highlighted like"}, {"start": "00:55:40", "end": "00:55:45", "text": "if Cardono goes to 10 cents, I'll buy it"}, {"start": "00:55:43", "end": "00:55:47", "text": "expecting it to go to 40 cents at some"}, {"start": "00:55:45", "end": "00:55:50", "text": "point. Not a dollar, not you know going"}, {"start": "00:55:47", "end": "00:55:52", "text": "to hold that thing to a buck, but what"}, {"start": "00:55:50", "end": "00:55:54", "text": "what is your take on the idea of rolling"}, {"start": "00:55:52", "end": "00:55:57", "text": "out two more products just like Midnight"}, {"start": "00:55:54", "end": "00:55:59", "text": "to then grow the value of Cardano? Is"}, {"start": "00:55:57", "end": "00:56:01", "text": "that something reasonable to be saying"}, {"start": "00:55:59", "end": "00:56:03", "text": "as the found you know founding member of"}, {"start": "00:56:01", "end": "00:56:04", "text": "Cardano?"}, {"start": "00:56:03", "end": "00:56:07", "text": "I'm putting you on the spot here because"}, {"start": "00:56:04", "end": "00:56:10", "text": "this is"}, {"start": "00:56:07", "end": "00:56:12", "text": ">> so I I mean I I want to be clear. I do I"}, {"start": "00:56:10", "end": "00:56:13", "text": "actually am a fan of Charles. I think"}, {"start": "00:56:12", "end": "00:56:17", "text": "he's done a lot of really good work. I"}, {"start": "00:56:13", "end": "00:56:18", "text": "think he's highly intelligent and has"}, {"start": "00:56:17", "end": "00:56:21", "text": "you know almost single-handedly got"}, {"start": "00:56:18", "end": "00:56:24", "text": "Cardano to where it was at one point."}, {"start": "00:56:21", "end": "00:56:25", "text": "Um, I think decentraliz and this is I"}, {"start": "00:56:24", "end": "00:56:27", "text": "said this in, you know, in school when I"}, {"start": "00:56:25", "end": "00:56:28", "text": "was because there's a lot of people in"}, {"start": "00:56:27", "end": "00:56:30", "text": "school asking what to do with their"}, {"start": "00:56:28", "end": "00:56:31", "text": "Cardano and I wrote a pretty long"}, {"start": "00:56:30", "end": "00:56:33", "text": "comment about my experience with it. You"}, {"start": "00:56:31", "end": "00:56:35", "text": "know, for those of you who don't know, I"}, {"start": "00:56:33", "end": "00:56:37", "text": "first bought it at 5 cents, was in it"}, {"start": "00:56:35", "end": "00:56:40", "text": "for a long time. I bought more around a"}, {"start": "00:56:37", "end": "00:56:41", "text": "dollar. Um, and yeah, in that"}, {"start": "00:56:40", "end": "00:56:43", "text": "conversation, he basically made a"}, {"start": "00:56:41", "end": "00:56:45", "text": "comment that said, \"We're fixing with"}, {"start": "00:56:43", "end": "00:56:47", "text": "midnight. We're going to fix every"}, {"start": "00:56:45", "end": "00:56:49", "text": "mistake we made with Cardano.\" And then"}, {"start": "00:56:47", "end": "00:56:51", "text": "my follow-up question was like, okay, so"}, {"start": "00:56:49", "end": "00:56:53", "text": "then I should probably sell all my"}, {"start": "00:56:51", "end": "00:56:55", "text": "Cardano for midnight."}, {"start": "00:56:53", "end": "00:56:58", "text": ">> Um, now he's effectively saying if"}, {"start": "00:56:55", "end": "00:57:00", "text": "midnight mid in order for Cardano to be"}, {"start": "00:56:58", "end": "00:57:02", "text": "a success, midnight must be a success."}, {"start": "00:57:00", "end": "00:57:04", "text": "So that shows me where the focus and the"}, {"start": "00:57:02", "end": "00:57:06", "text": "attention is. I'm a big believer, you"}, {"start": "00:57:04", "end": "00:57:07", "text": "know, this is if you this and this, you"}, {"start": "00:57:06", "end": "00:57:08", "text": "can take this and apply this to all"}, {"start": "00:57:07", "end": "00:57:10", "text": "areas in life. This one of my favorite"}, {"start": "00:57:08", "end": "00:57:12", "text": "life sayings. I learned this early in my"}, {"start": "00:57:10", "end": "00:57:14", "text": "life and career. But what you focus on"}, {"start": "00:57:12", "end": "00:57:16", "text": "expands, right? So if you're focused on"}, {"start": "00:57:14", "end": "00:57:18", "text": "my finger, it's going to get bigger over"}, {"start": "00:57:16", "end": "00:57:19", "text": "time. You know, like what you focus on"}, {"start": "00:57:18", "end": "00:57:20", "text": "expand. So if they're focused on"}, {"start": "00:57:19", "end": "00:57:22", "text": "midnight,"}, {"start": "00:57:20", "end": "00:57:24", "text": ">> that's probably where the growth in the"}, {"start": "00:57:22", "end": "00:57:26", "text": "opportunity is going to be. So for me,"}, {"start": "00:57:24", "end": "00:57:28", "text": "it was pretty easy pivot over to"}, {"start": "00:57:26", "end": "00:57:30", "text": "midnight. Now,"}, {"start": "00:57:28", "end": "00:57:32", "text": "do we need to launch three more? Like I"}, {"start": "00:57:30", "end": "00:57:34", "text": "understand his premise and his"}, {"start": "00:57:32", "end": "00:57:36", "text": "understand like, hey, we need successful"}, {"start": "00:57:34", "end": "00:57:39", "text": "projects on Cardano if Cardano is going"}, {"start": "00:57:36", "end": "00:57:40", "text": "to be successful. That makes sense. Now,"}, {"start": "00:57:39", "end": "00:57:41", "text": "do you want to hear"}, {"start": "00:57:40", "end": "00:57:44", "text": ">> the opposite where the base layer is"}, {"start": "00:57:41", "end": "00:57:45", "text": "successful and then things under it are"}, {"start": "00:57:44", "end": "00:57:46", "text": "also successful because of the strong"}, {"start": "00:57:45", "end": "00:57:48", "text": "ecosystem."}, {"start": "00:57:46", "end": "00:57:49", "text": ">> It's it's a symbiotic relationship. I"}, {"start": "00:57:48", "end": "00:57:51", "text": "mean, if you think about Yes, you're"}, {"start": "00:57:49", "end": "00:57:53", "text": "right. Ethereum base layer is"}, {"start": "00:57:51", "end": "00:57:56", "text": "successful. Big projects built on"}, {"start": "00:57:53", "end": "00:57:57", "text": "Ethereum provide the the reason for"}, {"start": "00:57:56", "end": "00:57:59", "text": "people to continue to use the network"}, {"start": "00:57:57", "end": "00:58:00", "text": "token. So,"}, {"start": "00:57:59", "end": "00:58:03", "text": ">> yes, that is right. But you need both"}, {"start": "00:58:00", "end": "00:58:05", "text": "obviously. So, but at this point, the"}, {"start": "00:58:03", "end": "00:58:07", "text": "main and this is the sad reality that I"}, {"start": "00:58:05", "end": "00:58:09", "text": "was talking about in school. main"}, {"start": "00:58:07", "end": "00:58:12", "text": "purpose that c the main way Cardano has"}, {"start": "00:58:09", "end": "00:58:15", "text": "helped me financially in the last, you"}, {"start": "00:58:12", "end": "00:58:18", "text": "know, several years at this point has"}, {"start": "00:58:15", "end": "00:58:20", "text": "been to sell for tax loss harvesting. My"}, {"start": "00:58:18", "end": "00:58:23", "text": "camera's overheating again, so I'm about"}, {"start": "00:58:20", "end": "00:58:25", "text": "to crap out, but uh tax loss harvesting"}, {"start": "00:58:23", "end": "00:58:27", "text": "basically. And so,"}, {"start": "00:58:25", "end": "00:58:30", "text": ">> yeah, this is a tough one. This is a"}, {"start": "00:58:27", "end": "00:58:32", "text": "tough one. I I you know, it's not"}, {"start": "00:58:30", "end": "00:58:33", "text": "looking great. I'll just say that."}, {"start": "00:58:32", "end": "00:58:35", "text": ">> Well, you know, here just further deep"}, {"start": "00:58:33", "end": "00:58:38", "text": "dive on this conversation. And here's"}, {"start": "00:58:35", "end": "00:58:44", "text": "David Gawkstein standing next to a 4ft 5"}, {"start": "00:58:38", "end": "00:58:45", "text": "in uh VW car. And this is the man uh the"}, {"start": "00:58:44", "end": "00:58:49", "text": "myth, the legend here. So shout out to"}, {"start": "00:58:45", "end": "00:58:50", "text": "you. Now here's some hacks. Okay, we"}, {"start": "00:58:49", "end": "00:58:53", "text": "talked about tax loss harvesting. It was"}, {"start": "00:58:50", "end": "00:58:55", "text": "all risk management. Lost 20K in the"}, {"start": "00:58:53", "end": "00:58:58", "text": "market. Told my wife it was 40k. So now"}, {"start": "00:58:55", "end": "00:59:00", "text": "you have $20,000 of mental safety net."}, {"start": "00:58:58", "end": "00:59:04", "text": "risk management is key especially when"}, {"start": "00:59:00", "end": "00:59:08", "text": "it come just be careful about"}, {"start": "00:59:04", "end": "00:59:10", "text": "you know speaking too much about and"}, {"start": "00:59:08", "end": "00:59:13", "text": "also not risking too much in the altcoin"}, {"start": "00:59:10", "end": "00:59:15", "text": "sector right a lot of the concentration"}, {"start": "00:59:13", "end": "00:59:17", "text": "right now is Bitcoin and tether for me"}, {"start": "00:59:15", "end": "00:59:18", "text": "and there's still even though we're in"}, {"start": "00:59:17", "end": "00:59:21", "text": "the depths of the bare market there's"}, {"start": "00:59:18", "end": "00:59:23", "text": "articles like this of XRP take profits"}, {"start": "00:59:21", "end": "00:59:26", "text": "all the way to $7 and all writeups on"}, {"start": "00:59:23", "end": "00:59:30", "text": "how XRP is going to go to $7 over the"}, {"start": "00:59:26", "end": "00:59:32", "text": "next few years honly ly having an exit"}, {"start": "00:59:30", "end": "00:59:35", "text": "plan out of this is what I liked out of"}, {"start": "00:59:32", "end": "00:59:39", "text": "the article where you know essentially"}, {"start": "00:59:35", "end": "00:59:40", "text": "calling for deploying capital into XRP"}, {"start": "00:59:39", "end": "00:59:43", "text": "um in the current range like I think"}, {"start": "00:59:40", "end": "00:59:46", "text": "this is written up at a$135 range and"}, {"start": "00:59:43", "end": "00:59:48", "text": "hoping for a uh pump up to you know I"}, {"start": "00:59:46", "end": "00:59:51", "text": "think it's looking for like three or$4"}, {"start": "00:59:48", "end": "00:59:56", "text": "dollar something like that in general"}, {"start": "00:59:51", "end": "00:59:58", "text": "though I'm not too excited about XRP or"}, {"start": "00:59:56", "end": "01:00:00", "text": "any of the things that have lost"}, {"start": "00:59:58", "end": "01:00:03", "text": "some of the momentum over the course of"}, {"start": "01:00:00", "end": "01:00:05", "text": "the last few weeks or months and the"}, {"start": "01:00:03", "end": "01:00:07", "text": "bare market now that we're in. And I"}, {"start": "01:00:05", "end": "01:00:09", "text": "look for strong ecosystems. I like the"}, {"start": "01:00:07", "end": "01:00:12", "text": "ecosystem of TA. I like the ecosystem of"}, {"start": "01:00:09", "end": "01:00:14", "text": "Salana. I'm kind of starting out in"}, {"start": "01:00:12", "end": "01:00:18", "text": "those realms. And the last thing I"}, {"start": "01:00:14", "end": "01:00:20", "text": "wanted to touch here is it's kind of a"}, {"start": "01:00:18", "end": "01:00:22", "text": "lesson, right? Because Polygon is"}, {"start": "01:00:20", "end": "01:00:25", "text": "hitting new weekly activity records with"}, {"start": "01:00:22", "end": "01:00:27", "text": "7.5 million transactions. A lot of"}, {"start": "01:00:25", "end": "01:00:30", "text": "activity, a lot of transactions are"}, {"start": "01:00:27", "end": "01:00:34", "text": "happening on the Polygon ecosystem. Now,"}, {"start": "01:00:30", "end": "01:00:36", "text": "Polygon as it sits right now, I think it"}, {"start": "01:00:34", "end": "01:00:38", "text": "trades where is Polygon at in terms of"}, {"start": "01:00:36", "end": "01:00:41", "text": "uh price per token. And this is a good"}, {"start": "01:00:38", "end": "01:00:43", "text": "example of why you do not why I do not"}, {"start": "01:00:41", "end": "01:00:46", "text": "hold altcoins from cycle to cycle,"}, {"start": "01:00:43", "end": "01:00:48", "text": "right? They're here for a good time, not"}, {"start": "01:00:46", "end": "01:00:51", "text": "a long time. Now, Polygon is hitting"}, {"start": "01:00:48", "end": "01:00:53", "text": "very good metrics in terms of ecosystem"}, {"start": "01:00:51", "end": "01:00:55", "text": "uh transactions. You know, I've seen"}, {"start": "01:00:53", "end": "01:00:56", "text": "some revenue metrics that look pretty"}, {"start": "01:00:55", "end": "01:00:59", "text": "good, but here's basically what's"}, {"start": "01:00:56", "end": "01:01:02", "text": "happening. It ran up and honestly, I"}, {"start": "01:00:59", "end": "01:01:05", "text": "remember selling this for"}, {"start": "01:01:02", "end": "01:01:08", "text": "damn near $2 in the last bull market."}, {"start": "01:01:05", "end": "01:01:11", "text": "Like, this was my 100x play of the last"}, {"start": "01:01:08", "end": "01:01:14", "text": "bull market that's turned into a seven"}, {"start": "01:01:11", "end": "01:01:16", "text": "cent token. Now, when I look at this"}, {"start": "01:01:14", "end": "01:01:19", "text": "situation and when I look at the people"}, {"start": "01:01:16", "end": "01:01:21", "text": "that are pushing it, I I get concerned,"}, {"start": "01:01:19", "end": "01:01:25", "text": "right? And this is why, you know,"}, {"start": "01:01:21", "end": "01:01:28", "text": "Polygon at this current level, I could"}, {"start": "01:01:25", "end": "01:01:30", "text": "see risk-to-reward opportunity in it."}, {"start": "01:01:28", "end": "01:01:32", "text": "But I'm not sitting here looking at this"}, {"start": "01:01:30", "end": "01:01:35", "text": "chart on the weekly and doing the math"}, {"start": "01:01:32", "end": "01:01:38", "text": "on what my bag would turn into if it"}, {"start": "01:01:35", "end": "01:01:41", "text": "goes back to previous highs, a 1500%"}, {"start": "01:01:38", "end": "01:01:44", "text": "increase, because you've had market cap"}, {"start": "01:01:41", "end": "01:01:46", "text": "increase since it came out in the last"}, {"start": "01:01:44", "end": "01:01:50", "text": "bull market, and it's a completely"}, {"start": "01:01:46", "end": "01:01:53", "text": "different scenario. So this is why"}, {"start": "01:01:50", "end": "01:01:56", "text": "this is why it's so important to have a"}, {"start": "01:01:53", "end": "01:01:58", "text": "complete system for analyzing projects."}, {"start": "01:01:56", "end": "01:02:02", "text": "Not just about, you know, the use case"}, {"start": "01:01:58", "end": "01:02:05", "text": "of it, but you know, I feel like a lot"}, {"start": "01:02:02", "end": "01:02:07", "text": "of people have fallen victim to the"}, {"start": "01:02:05", "end": "01:02:09", "text": "animal characters on X that are still"}, {"start": "01:02:07", "end": "01:02:13", "text": "holding JPEGs of dead NFTts from the 19"}, {"start": "01:02:09", "end": "01:02:14", "text": "the 2021 bull market. Simply put,"}, {"start": "01:02:13", "end": "01:02:17", "text": "there's a lot of shilling going on. And"}, {"start": "01:02:14", "end": "01:02:20", "text": "this is where school is so important to"}, {"start": "01:02:17", "end": "01:02:22", "text": "me. Is it's a open landscape. And"}, {"start": "01:02:20", "end": "01:02:24", "text": "honestly, I've done this for years. In"}, {"start": "01:02:22", "end": "01:02:27", "text": "the basement, I chose more violence than"}, {"start": "01:02:24", "end": "01:02:30", "text": "not on these altcoins. And it ended up"}, {"start": "01:02:27", "end": "01:02:32", "text": "being the right thing to do because a"}, {"start": "01:02:30", "end": "01:02:35", "text": "lot of the extraction that I've seen"}, {"start": "01:02:32", "end": "01:02:37", "text": "happen in the altcoin sector, I feel"}, {"start": "01:02:35", "end": "01:02:40", "text": "like it's going to continue because"}, {"start": "01:02:37", "end": "01:02:42", "text": "people are not deciding to slow it down"}, {"start": "01:02:40", "end": "01:02:44", "text": "to build a structured plan and to"}, {"start": "01:02:42", "end": "01:02:45", "text": "understand what it is that they're"}, {"start": "01:02:44", "end": "01:02:48", "text": "looking at on their screen or on Coin"}, {"start": "01:02:45", "end": "01:02:51", "text": "Market Cap and stop doing basically"}, {"start": "01:02:48", "end": "01:02:53", "text": "magic guesswork on what the price of"}, {"start": "01:02:51", "end": "01:02:55", "text": "this token can go to just because of"}, {"start": "01:02:53", "end": "01:02:58", "text": "where it went in history's past. This is"}, {"start": "01:02:55", "end": "01:03:00", "text": "where a lot of the work is going in in"}, {"start": "01:02:58", "end": "01:03:02", "text": "the school community and I'm super"}, {"start": "01:03:00", "end": "01:03:05", "text": "excited. 1 PM we have our kickoff call."}, {"start": "01:03:02", "end": "01:03:07", "text": "Um if you're not already involved, I"}, {"start": "01:03:05", "end": "01:03:08", "text": "highly recommend you get involved with"}, {"start": "01:03:07", "end": "01:03:11", "text": "the school community. We're going live"}, {"start": "01:03:08", "end": "01:03:13", "text": "in there at 1 p.m. today Eastern"}, {"start": "01:03:11", "end": "01:03:15", "text": "Standard Time. The community is actually"}, {"start": "01:03:13", "end": "01:03:19", "text": "going growing extremely fast, kind of"}, {"start": "01:03:15", "end": "01:03:20", "text": "concerningly fast. Um, and I kne I do"}, {"start": "01:03:19", "end": "01:03:23", "text": "know that there's going to be big"}, {"start": "01:03:20", "end": "01:03:24", "text": "changes to uh the overall not the"}, {"start": "01:03:23", "end": "01:03:26", "text": "structure of what we're providing."}, {"start": "01:03:24", "end": "01:03:27", "text": "There's going to be more things being"}, {"start": "01:03:26", "end": "01:03:30", "text": "provided in the school as time goes on"}, {"start": "01:03:27", "end": "01:03:31", "text": "and a lot of planned courses and uh, you"}, {"start": "01:03:30", "end": "01:03:34", "text": "know, different sectors that we're going"}, {"start": "01:03:31", "end": "01:03:36", "text": "to be rolling out within it. But I would"}, {"start": "01:03:34", "end": "01:03:38", "text": "just say this, get involved before the"}, {"start": "01:03:36", "end": "01:03:40", "text": "15th of this month. Get involved before"}, {"start": "01:03:38", "end": "01:03:42", "text": "the 15th of this month. This is where"}, {"start": "01:03:40", "end": "01:03:47", "text": "all of my time and resources going to be"}, {"start": "01:03:42", "end": "01:03:49", "text": "dedicated to. And I've taken this job as"}, {"start": "01:03:47", "end": "01:03:51", "text": "serious as a heart attack for the last"}, {"start": "01:03:49", "end": "01:03:53", "text": "five years. Ever since I came in here as"}, {"start": "01:03:51", "end": "01:03:55", "text": "the lead researcher, it has been my job"}, {"start": "01:03:53", "end": "01:03:57", "text": "to protect the community from obvious"}, {"start": "01:03:55", "end": "01:03:59", "text": "scams, from extraction in the crypto"}, {"start": "01:03:57", "end": "01:04:01", "text": "sector because there's a lot of money"}, {"start": "01:03:59", "end": "01:04:03", "text": "I've made cycle over cycle. But it also"}, {"start": "01:04:01", "end": "01:04:05", "text": "comes with the discernment on what's"}, {"start": "01:04:03", "end": "01:04:07", "text": "likely going to end up hurting you in"}, {"start": "01:04:05", "end": "01:04:10", "text": "the long call. So that's what I would"}, {"start": "01:04:07", "end": "01:04:12", "text": "say. 1 p.m. Yeah, Chris Wallen's in"}, {"start": "01:04:10", "end": "01:04:13", "text": "there. Brian Haggus is in there. I'm"}, {"start": "01:04:12", "end": "01:04:15", "text": "excited for it. It's a way better"}, {"start": "01:04:13", "end": "01:04:17", "text": "platform than Discord. I haven't gotten"}, {"start": "01:04:15", "end": "01:04:20", "text": "hit up by any scam bots. I haven't seen"}, {"start": "01:04:17", "end": "01:04:22", "text": "anyone. Hey, is this you? This person's"}, {"start": "01:04:20", "end": "01:04:25", "text": "offering me, you know, a link to click."}, {"start": "01:04:22", "end": "01:04:27", "text": "Discord is kind of insane. Um, you know,"}, {"start": "01:04:25", "end": "01:04:30", "text": "and I know a lot of people that don't"}, {"start": "01:04:27", "end": "01:04:32", "text": "really like using Discord to be frank"}, {"start": "01:04:30", "end": "01:04:34", "text": "with you. So, just stay calm, stay"}, {"start": "01:04:32", "end": "01:04:37", "text": "focused, and really take advantage of"}, {"start": "01:04:34", "end": "01:04:39", "text": "this bare market to educate yourselves,"}, {"start": "01:04:37", "end": "01:04:41", "text": "to lock in, and to learn all of the"}, {"start": "01:04:39", "end": "01:04:44", "text": "different mechanisms, DeFi, you know,"}, {"start": "01:04:41", "end": "01:04:47", "text": "token metrics, understanding the flows"}, {"start": "01:04:44", "end": "01:04:48", "text": "of uh really where crypto and all coins"}, {"start": "01:04:47", "end": "01:04:50", "text": "are. That's the latest write up in"}, {"start": "01:04:48", "end": "01:04:51", "text": "there. I highly recommend you go check"}, {"start": "01:04:50", "end": "01:04:54", "text": "that out. And I hope that you're doing"}, {"start": "01:04:51", "end": "01:04:56", "text": "well on this fantastic, what is this,"}, {"start": "01:04:54", "end": "01:04:58", "text": "uh, Wednesday? What is this? It's the"}, {"start": "01:04:56", "end": "01:05:00", "text": "ETH right now. I think it's Wednesday."}, {"start": "01:04:58", "end": "01:05:02", "text": "Um, it's not a we're all going to die"}, {"start": "01:05:00", "end": "01:05:04", "text": "Wednesday. It's we're all going to be"}, {"start": "01:05:02", "end": "01:05:07", "text": "okay. You just have to lock in. You have"}, {"start": "01:05:04", "end": "01:05:09", "text": "to understand the flow of crypto. And I"}, {"start": "01:05:07", "end": "01:05:11", "text": "will see you inside of school at 1:00"}, {"start": "01:05:09", "end": "01:05:12", "text": "p.m. Eastern Standard Time. We just"}, {"start": "01:05:11", "end": "01:05:15", "text": "wanted to take a quick second to shout"}, {"start": "01:05:12", "end": "01:05:16", "text": "out our sponsor, Arculus. They are cold"}, {"start": "01:05:15", "end": "01:05:18", "text": "storage hardware wallet. Helps you"}, {"start": "01:05:16", "end": "01:05:19", "text": "secure all of your digital assets for"}, {"start": "01:05:18", "end": "01:05:21", "text": "the future. Just tap this thing to the"}, {"start": "01:05:19", "end": "01:05:22", "text": "back of your phone and boom, you're in."}, {"start": "01:05:21", "end": "01:05:24", "text": "We wouldn't be able to do this without"}, {"start": "01:05:22", "end": "01:05:26", "text": "them, but also wouldn't be able to do"}, {"start": "01:05:24", "end": "01:05:27", "text": "this without you guys, the Disco Fam."}, {"start": "01:05:26", "end": "01:05:29", "text": "You've supported us a lot over the"}, {"start": "01:05:27", "end": "01:05:31", "text": "years. If you want to support the"}, {"start": "01:05:29", "end": "01:05:34", "text": "channel now, just use the code DC20. It"}, {"start": "01:05:31", "end": "01:05:35", "text": "gets you 20% off this card. It's the"}, {"start": "01:05:34", "end": "01:05:37", "text": "number one way you can support this"}, {"start": "01:05:35", "end": "01:05:41", "text": "channel going forward. Thank you for"}, {"start": "01:05:37", "end": "01:05:41", "text": "your support. We'll see you at the top."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "It is showtime. Welcome to Discover"}, {"start": "00:00:04", "end": "00:00:09", "text": "Crypto, ladies and gentlemen. A"}, {"start": "00:00:06", "end": "00:00:10", "text": "beautiful, fantastic Tuesday morning"}, {"start": "00:00:09", "end": "00:00:12", "text": "here in the United States. I hope you're"}, {"start": "00:00:10", "end": "00:00:14", "text": "doing well from wherever you are"}, {"start": "00:00:12", "end": "00:00:17", "text": "watching this show from. We have some"}, {"start": "00:00:14", "end": "00:00:20", "text": "major news. Donald Trump has doubled"}, {"start": "00:00:17", "end": "00:00:22", "text": "down on the Bitcoin reserve movement. We"}, {"start": "00:00:20", "end": "00:00:24", "text": "have more information coming up about"}, {"start": "00:00:22", "end": "00:00:26", "text": "the Bitcoin reserve, the timeline that"}, {"start": "00:00:24", "end": "00:00:28", "text": "we're expecting to see and some of the"}, {"start": "00:00:26", "end": "00:00:31", "text": "key things that need to happen on the"}, {"start": "00:00:28", "end": "00:00:32", "text": "regulatory side between Democrats and"}, {"start": "00:00:31", "end": "00:00:35", "text": "Republicans to actually see this thing"}, {"start": "00:00:32", "end": "00:00:38", "text": "move through. We also have some"}, {"start": "00:00:35", "end": "00:00:40", "text": "important context about what the Bitcoin"}, {"start": "00:00:38", "end": "00:00:44", "text": "reserve means for American positioning"}, {"start": "00:00:40", "end": "00:00:46", "text": "on a monetary world dominant scale and"}, {"start": "00:00:44", "end": "00:00:47", "text": "major altcoin news. a lot of altcoin"}, {"start": "00:00:46", "end": "00:00:50", "text": "news going on and some really good"}, {"start": "00:00:47", "end": "00:00:53", "text": "looking altcoin charts. Hate to break it"}, {"start": "00:00:50", "end": "00:00:55", "text": "to the bears, but uh it's looking pretty"}, {"start": "00:00:53", "end": "00:01:00", "text": "juicy. So, I'm without further ado, I'm"}, {"start": "00:00:55", "end": "00:01:01", "text": "joined with by a wonderful compadr, Mr."}, {"start": "00:01:00", "end": "00:01:03", "text": "Kelly Kellum. How you doing, good sir,"}, {"start": "00:01:01", "end": "00:01:05", "text": "out there in Las Vegas."}, {"start": "00:01:03", "end": "00:01:07", "text": ">> You know, the chaos market continues. Uh"}, {"start": "00:01:05", "end": "00:01:09", "text": "it feels I was just talking with you"}, {"start": "00:01:07", "end": "00:01:11", "text": "about this and we'll pull up some charts"}, {"start": "00:01:09", "end": "00:01:14", "text": "on this later. uh it feels like there's"}, {"start": "00:01:11", "end": "00:01:17", "text": "no real chance that risk assets like the"}, {"start": "00:01:14", "end": "00:01:19", "text": "super risk assets like altcoins would"}, {"start": "00:01:17", "end": "00:01:20", "text": "even have a chance to be pumping uh"}, {"start": "00:01:19", "end": "00:01:23", "text": "anytime in the near future. Like I'm"}, {"start": "00:01:20", "end": "00:01:25", "text": "talking the that real altcoin alt season"}, {"start": "00:01:23", "end": "00:01:27", "text": "move. But, you know, there's some charts"}, {"start": "00:01:25", "end": "00:01:29", "text": "that are it's it's one of those things"}, {"start": "00:01:27", "end": "00:01:31", "text": "that reminds you look at the data, not"}, {"start": "00:01:29", "end": "00:01:33", "text": "just being subjugated to the feeling of"}, {"start": "00:01:31", "end": "00:01:35", "text": "the moment because most people get it"}, {"start": "00:01:33", "end": "00:01:36", "text": "wrong and the scary there is scariness"}, {"start": "00:01:35", "end": "00:01:39", "text": "in the market and a little bit of"}, {"start": "00:01:36", "end": "00:01:40", "text": "uncertainty. But there is there's"}, {"start": "00:01:39", "end": "00:01:43", "text": "something brewing here, brother."}, {"start": "00:01:40", "end": "00:01:46", "text": ">> I know it. I feel it. And I I did buy an"}, {"start": "00:01:43", "end": "00:01:48", "text": "altcoin today. Yeah. I'm not going to"}, {"start": "00:01:46", "end": "00:01:50", "text": "not going to disclose what, but my"}, {"start": "00:01:48", "end": "00:01:52", "text": "greasy buying fingers are hitting the"}, {"start": "00:01:50", "end": "00:01:54", "text": "sticks right now. The green button, not"}, {"start": "00:01:52", "end": "00:01:56", "text": "the red button. Now, uh, markets are"}, {"start": "00:01:54", "end": "00:01:59", "text": "looking pretty good. Bitcoin sitting"}, {"start": "00:01:56", "end": "00:02:02", "text": "around 63K. Ethereum still having around"}, {"start": "00:01:59", "end": "00:02:05", "text": "$1,700. A lot of these altcoins have"}, {"start": "00:02:02", "end": "00:02:07", "text": "shown some structural integrity at very"}, {"start": "00:02:05", "end": "00:02:10", "text": "key levels. You have Hyperliquid"}, {"start": "00:02:07", "end": "00:02:11", "text": "breaking above $70 a piece. And, uh,"}, {"start": "00:02:10", "end": "00:02:14", "text": "some of the bigger movers today,"}, {"start": "00:02:11", "end": "00:02:16", "text": "Aerodrome Finance, uh, right behind"}, {"start": "00:02:14", "end": "00:02:19", "text": "Memecore. Memecore is insane. I'm not"}, {"start": "00:02:16", "end": "00:02:21", "text": "messing with meme core, but I do mess"}, {"start": "00:02:19", "end": "00:02:24", "text": "around with Aerodrome Finance and it is"}, {"start": "00:02:21", "end": "00:02:26", "text": "up nearly 30% over the course of the"}, {"start": "00:02:24", "end": "00:02:27", "text": "last week here. Very, very good"}, {"start": "00:02:26", "end": "00:02:30", "text": "performance. And Jetto, some of the"}, {"start": "00:02:27", "end": "00:02:33", "text": "Salana infrastructure playing out there."}, {"start": "00:02:30", "end": "00:02:36", "text": "Morpho, it's doing really good in terms"}, {"start": "00:02:33", "end": "00:02:37", "text": "of holding up around the $2 level, but"}, {"start": "00:02:36", "end": "00:02:40", "text": "it hasn't had that major breakout"}, {"start": "00:02:37", "end": "00:02:43", "text": "moment. And lighter just keeps cooking"}, {"start": "00:02:40", "end": "00:02:45", "text": "to the upside. So, a lot of things that"}, {"start": "00:02:43", "end": "00:02:48", "text": "I'm looking at, uh, just within my watch"}, {"start": "00:02:45", "end": "00:02:50", "text": "list here, just a little sneak peek. Uh,"}, {"start": "00:02:48", "end": "00:02:53", "text": "Canton is taking a little bit of a step"}, {"start": "00:02:50", "end": "00:02:54", "text": "back about, but down about 3% and a"}, {"start": "00:02:53", "end": "00:02:56", "text": "couple other frisky biscuits within that"}, {"start": "00:02:54", "end": "00:02:58", "text": "watch list there. And you'll learn more"}, {"start": "00:02:56", "end": "00:03:00", "text": "about exactly what I'm showing you."}, {"start": "00:02:58", "end": "00:03:03", "text": "Yeah, risky biscuits. You know,"}, {"start": "00:03:00", "end": "00:03:05", "text": ">> frisky biscuits. No, that's"}, {"start": "00:03:03", "end": "00:03:07", "text": ">> I will uh, you know, kind of explain"}, {"start": "00:03:05", "end": "00:03:08", "text": "what I just showed you later on as we"}, {"start": "00:03:07", "end": "00:03:11", "text": "develop this. We We're building some"}, {"start": "00:03:08", "end": "00:03:13", "text": "pretty cool tools. Kelly is uh you know"}, {"start": "00:03:11", "end": "00:03:15", "text": "he's been locked in the Batcave building"}, {"start": "00:03:13", "end": "00:03:17", "text": "up a bunch of AI Terminator robots for"}, {"start": "00:03:15", "end": "00:03:20", "text": "us to analyze the markets with and"}, {"start": "00:03:17", "end": "00:03:22", "text": "things of that nature. But um we also"}, {"start": "00:03:20", "end": "00:03:25", "text": "have been seeing a massive growth within"}, {"start": "00:03:22", "end": "00:03:27", "text": "our school community. And now tomorrow"}, {"start": "00:03:25", "end": "00:03:30", "text": "we do have our kickoff call coming up."}, {"start": "00:03:27", "end": "00:03:34", "text": "So if you're not already in, get in. The"}, {"start": "00:03:30", "end": "00:03:36", "text": "kickoff call is tomorrow at 100 p.m. New"}, {"start": "00:03:34", "end": "00:03:38", "text": "York Eastern Standard Time. So if you"}, {"start": "00:03:36", "end": "00:03:39", "text": "want to join, click the link in the"}, {"start": "00:03:38", "end": "00:03:41", "text": "description. I'll try to tag it after"}, {"start": "00:03:39", "end": "00:03:43", "text": "the show in as well, but that's going to"}, {"start": "00:03:41", "end": "00:03:45", "text": "be going down tomorrow. And that's his,"}, {"start": "00:03:43", "end": "00:03:46", "text": "you know, you've been wondering what"}, {"start": "00:03:45", "end": "00:03:48", "text": "TJ's been so hyperfocused on. It's"}, {"start": "00:03:46", "end": "00:03:50", "text": "exactly what he's doing in there right"}, {"start": "00:03:48", "end": "00:03:52", "text": "now. There's a lot of really good"}, {"start": "00:03:50", "end": "00:03:54", "text": "discussions even happening with the"}, {"start": "00:03:52", "end": "00:03:57", "text": "founding members and it's growing very,"}, {"start": "00:03:54", "end": "00:04:00", "text": "very quickly. So, I do recommend you get"}, {"start": "00:03:57", "end": "00:04:01", "text": "in there because on July 15th, things"}, {"start": "00:04:00", "end": "00:04:03", "text": "are going to change. That's all I'm"}, {"start": "00:04:01", "end": "00:04:04", "text": "going to say. That's all I'm saying."}, {"start": "00:04:03", "end": "00:04:07", "text": ">> And Drew, can I pop pipe in there just"}, {"start": "00:04:04", "end": "00:04:09", "text": "for a second, too? I just want to re not"}, {"start": "00:04:07", "end": "00:04:13", "text": "reassure but really drive a point home."}, {"start": "00:04:09", "end": "00:04:16", "text": "Uh what we're doing in school with DC is"}, {"start": "00:04:13", "end": "00:04:18", "text": "not just hey come in and learn about how"}, {"start": "00:04:16", "end": "00:04:20", "text": "to find a coin or this is the trade"}, {"start": "00:04:18", "end": "00:04:22", "text": "setup you need to look for. This is"}, {"start": "00:04:20", "end": "00:04:24", "text": "really walking through whatever level"}, {"start": "00:04:22", "end": "00:04:26", "text": "you're at. You could be an absolute"}, {"start": "00:04:24", "end": "00:04:28", "text": "beginner or somebody that is way further"}, {"start": "00:04:26", "end": "00:04:30", "text": "down the line and is just looking for"}, {"start": "00:04:28", "end": "00:04:33", "text": "better tools and how to really utilize"}, {"start": "00:04:30", "end": "00:04:36", "text": "different tools like AI and different uh"}, {"start": "00:04:33", "end": "00:04:37", "text": "research mechanisms to absolutely"}, {"start": "00:04:36", "end": "00:04:40", "text": "exponentially leverage your ability in"}, {"start": "00:04:37", "end": "00:04:43", "text": "this market because no longer no longer"}, {"start": "00:04:40", "end": "00:04:46", "text": "are you subjugated to being you know 40"}, {"start": "00:04:43", "end": "00:04:48", "text": "40 blocks behind a hedge fund manager or"}, {"start": "00:04:46", "end": "00:04:49", "text": "top level investor that's been doing"}, {"start": "00:04:48", "end": "00:04:52", "text": "this with all the right personal"}, {"start": "00:04:49", "end": "00:04:53", "text": "connections. AI and the tool sets that"}, {"start": "00:04:52", "end": "00:04:56", "text": "are available and the strategies that"}, {"start": "00:04:53", "end": "00:04:58", "text": "we've built in place uh between Drew,"}, {"start": "00:04:56", "end": "00:05:01", "text": "TJ, myself, and other members of our"}, {"start": "00:04:58", "end": "00:05:03", "text": "community uh really just not only"}, {"start": "00:05:01", "end": "00:05:05", "text": "accelerates, but it brings you to the"}, {"start": "00:05:03", "end": "00:05:07", "text": "forefront right there at the same"}, {"start": "00:05:05", "end": "00:05:10", "text": "competitive sort of landscape as uh"}, {"start": "00:05:07", "end": "00:05:13", "text": "somebody that is, you know, next door to"}, {"start": "00:05:10", "end": "00:05:15", "text": "the exchange. The only difference now is"}, {"start": "00:05:13", "end": "00:05:17", "text": "we don't have the distance, the"}, {"start": "00:05:15", "end": "00:05:18", "text": "millisecond difference of what they're"}, {"start": "00:05:17", "end": "00:05:20", "text": "doing on algorithmic trading, which will"}, {"start": "00:05:18", "end": "00:05:22", "text": "none of us will ever have because that's"}, {"start": "00:05:20", "end": "00:05:23", "text": "a multiundred million dollar thing to"}, {"start": "00:05:22", "end": "00:05:25", "text": "have that real estate. But we have the"}, {"start": "00:05:23", "end": "00:05:26", "text": "tools, we have the strategy, and we're"}, {"start": "00:05:25", "end": "00:05:29", "text": "going to be essentially holding"}, {"start": "00:05:26", "end": "00:05:31", "text": "everybody's hand uh to to make sure that"}, {"start": "00:05:29", "end": "00:05:33", "text": "you guys get this across the line and"}, {"start": "00:05:31", "end": "00:05:35", "text": "leverage yourself into this market."}, {"start": "00:05:33", "end": "00:05:38", "text": ">> Absolutely. You know, it's not just with"}, {"start": "00:05:35", "end": "00:05:39", "text": "markets. Like I I even know landscape"}, {"start": "00:05:38", "end": "00:05:42", "text": "companies that are leveraging the power"}, {"start": "00:05:39", "end": "00:05:43", "text": "of AI to expand their business by leaps"}, {"start": "00:05:42", "end": "00:05:47", "text": "and bounds, right? So it's a"}, {"start": "00:05:43", "end": "00:05:49", "text": "multifaceted using AI to not only invest"}, {"start": "00:05:47", "end": "00:05:50", "text": "but to make money in general. And"}, {"start": "00:05:49", "end": "00:05:53", "text": "obviously we come from a crypto focus,"}, {"start": "00:05:50", "end": "00:05:55", "text": "but let's check out Bitcoin. Um you"}, {"start": "00:05:53", "end": "00:05:57", "text": "know, obviously I have a story that I'm"}, {"start": "00:05:55", "end": "00:06:00", "text": "going to be diving into in pretty strong"}, {"start": "00:05:57", "end": "00:06:02", "text": "detail here. Uh, Coinb CoinDesk"}, {"start": "00:06:00", "end": "00:06:05", "text": "reporting Bitcoin US reserves still a"}, {"start": "00:06:02", "end": "00:06:07", "text": "work in progress as fed federal agencies"}, {"start": "00:06:05", "end": "00:06:09", "text": "are hashing it out. But let's take a"}, {"start": "00:06:07", "end": "00:06:12", "text": "look at the general vibe of Bitcoin"}, {"start": "00:06:09", "end": "00:06:14", "text": "first in the Bitcoin consolidation."}, {"start": "00:06:12", "end": "00:06:18", "text": "Price analysis for quarter 3 momentum"}, {"start": "00:06:14", "end": "00:06:20", "text": "builds amid this consolidation. We've"}, {"start": "00:06:18", "end": "00:06:22", "text": "entered that third quarter with a mixed"}, {"start": "00:06:20", "end": "00:06:25", "text": "start. Daily charts show a consolidation"}, {"start": "00:06:22", "end": "00:06:27", "text": "around 63K reflecting uncertainty and"}, {"start": "00:06:25", "end": "00:06:29", "text": "market momentum after a weak start to"}, {"start": "00:06:27", "end": "00:06:30", "text": "the week. Honestly, I mean, I thought it"}, {"start": "00:06:29", "end": "00:06:33", "text": "was a pretty damn good start, but that's"}, {"start": "00:06:30", "end": "00:06:35", "text": "just me. Analysts observe while"}, {"start": "00:06:33", "end": "00:06:37", "text": "short-term buyers have attempted a"}, {"start": "00:06:35", "end": "00:06:39", "text": "recovery, liquidity is concentrated in"}, {"start": "00:06:37", "end": "00:06:42", "text": "key areas that could dictate the next"}, {"start": "00:06:39", "end": "00:06:45", "text": "directional move. Now, a lot of kind of"}, {"start": "00:06:42", "end": "00:06:47", "text": "late highlights of the weekly bullish"}, {"start": "00:06:45", "end": "00:06:49", "text": "divergence that's going on right here,"}, {"start": "00:06:47", "end": "00:06:52", "text": "which your boy showed you first, of"}, {"start": "00:06:49", "end": "00:06:54", "text": "course, I did, but the weekly chart"}, {"start": "00:06:52", "end": "00:06:56", "text": "indicating that bullish divergence. We"}, {"start": "00:06:54", "end": "00:06:59", "text": "have resistance and liquidity clusters"}, {"start": "00:06:56", "end": "00:07:02", "text": "sitting between 64 and 65K to the"}, {"start": "00:06:59", "end": "00:07:04", "text": "upside. Those are going to be key spots"}, {"start": "00:07:02", "end": "00:07:07", "text": "where we have to uh break above and"}, {"start": "00:07:04", "end": "00:07:09", "text": "beyond to actually reach that uh kind of"}, {"start": "00:07:07", "end": "00:07:12", "text": "breakout moment. Now, in terms of"}, {"start": "00:07:09", "end": "00:07:14", "text": "charts, you know, the Bitcoin chart,"}, {"start": "00:07:12", "end": "00:07:18", "text": "it's terrifying to the tourist. It's"}, {"start": "00:07:14", "end": "00:07:20", "text": "delicious to the Bitcoin OG. And shortly"}, {"start": "00:07:18", "end": "00:07:22", "text": "put, you know, I want to just highlight"}, {"start": "00:07:20", "end": "00:07:25", "text": "something. So"}, {"start": "00:07:22", "end": "00:07:27", "text": "most metrics that I use are basically"}, {"start": "00:07:25", "end": "00:07:30", "text": "pointing this current situation to a"}, {"start": "00:07:27", "end": "00:07:35", "text": "similar scenario right here in about"}, {"start": "00:07:30", "end": "00:07:38", "text": "September of 2022. Now, if I do just a"}, {"start": "00:07:35", "end": "00:07:40", "text": "bars uh overview of that max"}, {"start": "00:07:38", "end": "00:07:42", "text": "capitulation candle to the breakout"}, {"start": "00:07:40", "end": "00:07:44", "text": "moment where Bitcoin started breaking"}, {"start": "00:07:42", "end": "00:07:47", "text": "back out of the trenches and had found"}, {"start": "00:07:44", "end": "00:07:49", "text": "its bottom and it was time to party,"}, {"start": "00:07:47", "end": "00:07:52", "text": "kind of overlay this, expand it to match"}, {"start": "00:07:49", "end": "00:07:55", "text": "our current market cap depth. You know,"}, {"start": "00:07:52", "end": "00:07:57", "text": "something like this would make a whole"}, {"start": "00:07:55", "end": "00:08:00", "text": "hell of a lot of sense. You know, so"}, {"start": "00:07:57", "end": "00:08:03", "text": "this is how bottoms are formed"}, {"start": "00:08:00", "end": "00:08:05", "text": "and the helms deep of 54K"}, {"start": "00:08:03", "end": "00:08:07", "text": "eventually being tapped at the max"}, {"start": "00:08:05", "end": "00:08:10", "text": "capitulation would make a whole lot of"}, {"start": "00:08:07", "end": "00:08:13", "text": "sense to me. But the good news is is if"}, {"start": "00:08:10", "end": "00:08:17", "text": "this is indeed the case, then we're"}, {"start": "00:08:13", "end": "00:08:20", "text": "looking and I'll extract this out."}, {"start": "00:08:17", "end": "00:08:22", "text": "Then we get to see Bitcoin run. This is"}, {"start": "00:08:20", "end": "00:08:24", "text": "essentially if the you know movement of"}, {"start": "00:08:22", "end": "00:08:26", "text": "Bitcoin kind of matched the last bull"}, {"start": "00:08:24", "end": "00:08:28", "text": "market which everyone was disappointed"}, {"start": "00:08:26", "end": "00:08:31", "text": "with. My main targets are right in"}, {"start": "00:08:28", "end": "00:08:34", "text": "between 200 to 240 bringing us to about"}, {"start": "00:08:31", "end": "00:08:35", "text": "240 at the top end here. This is what I"}, {"start": "00:08:34", "end": "00:08:38", "text": "expect the Bitcoin chart to look like by"}, {"start": "00:08:35", "end": "00:08:40", "text": "2029. So if you're here, you're locked"}, {"start": "00:08:38", "end": "00:08:42", "text": "in and you're looking at the markets at"}, {"start": "00:08:40", "end": "00:08:44", "text": "the lows, I think you're going to be"}, {"start": "00:08:42", "end": "00:08:48", "text": "doing just fine. Let's check out a super"}, {"start": "00:08:44", "end": "00:08:50", "text": "chat here. We got from Mr. Devon local"}, {"start": "00:08:48", "end": "00:08:52", "text": "top for arrow looking for a pullback to"}, {"start": "00:08:50", "end": "00:08:54", "text": "buy. We'll check out Aerod Drrome in the"}, {"start": "00:08:52", "end": "00:08:57", "text": "charting section of the altcoins."}, {"start": "00:08:54", "end": "00:09:00", "text": "Absolutely it is doing well."}, {"start": "00:08:57", "end": "00:09:02", "text": "But if we do have, you know, a year of"}, {"start": "00:09:00", "end": "00:09:04", "text": "grinding,"}, {"start": "00:09:02", "end": "00:09:06", "text": "there is a likelihood Aerodrome just"}, {"start": "00:09:04", "end": "00:09:10", "text": "shooting from the hip here can revisit"}, {"start": "00:09:06", "end": "00:09:12", "text": "30 Cents. Absolutely. Now Trump's out"}, {"start": "00:09:10", "end": "00:09:14", "text": "there. He's the K from hell, but he said"}, {"start": "00:09:12", "end": "00:09:17", "text": "some pretty funny stuff over the last"}, {"start": "00:09:14", "end": "00:09:18", "text": "uh, you know, 24 hours. Let's have a"}, {"start": "00:09:17", "end": "00:09:20", "text": "listen to this. This is Donald Trump"}, {"start": "00:09:18", "end": "00:09:21", "text": "talking about short sellers on the"}, {"start": "00:09:20", "end": "00:09:22", "text": "market."}, {"start": "00:09:21", "end": "00:09:24", "text": ">> Is anybody doing poorly? If you are, I"}, {"start": "00:09:22", "end": "00:09:27", "text": "guess you have a couple of guys that"}, {"start": "00:09:24", "end": "00:09:29", "text": "went short. Those poor bastards. I mean,"}, {"start": "00:09:27", "end": "00:09:30", "text": "they are they're in big trouble. They're"}, {"start": "00:09:29", "end": "00:09:31", "text": "being wiped out."}, {"start": "00:09:30", "end": "00:09:35", "text": ">> Those poor bastards."}, {"start": "00:09:31", "end": "00:09:37", "text": ">> He's so insane, dude. Now, this I just"}, {"start": "00:09:35", "end": "00:09:41", "text": "had to kind of segue into the Bitcoin"}, {"start": "00:09:37", "end": "00:09:44", "text": "strategic reserve in progress. Now, the"}, {"start": "00:09:41", "end": "00:09:45", "text": "strategic reserve is being looked at by"}, {"start": "00:09:44", "end": "00:09:48", "text": "two different sections of our"}, {"start": "00:09:45", "end": "00:09:51", "text": "government. Trump issued this executive"}, {"start": "00:09:48", "end": "00:09:52", "text": "order March of 2025 to get the work"}, {"start": "00:09:51", "end": "00:09:55", "text": "started on what he called the strategic"}, {"start": "00:09:52", "end": "00:09:57", "text": "reserve for Bitcoin, separate style for"}, {"start": "00:09:55", "end": "00:09:59", "text": "several other cryptocurrencies and"}, {"start": "00:09:57", "end": "00:10:01", "text": "federal agencies have examined what"}, {"start": "00:09:59", "end": "00:10:04", "text": "crypto holdings the US has. They"}, {"start": "00:10:01", "end": "00:10:06", "text": "declined to share that number of course"}, {"start": "00:10:04", "end": "00:10:08", "text": "and then they've been devising a plan"}, {"start": "00:10:06", "end": "00:10:12", "text": "and building the fund which Bloomberg"}, {"start": "00:10:08", "end": "00:10:14", "text": "reported on Monday that the situation is"}, {"start": "00:10:12", "end": "00:10:17", "text": "kind of complicated. Two departments are"}, {"start": "00:10:14", "end": "00:10:19", "text": "making a case to run them. uh he's"}, {"start": "00:10:17", "end": "00:10:21", "text": "campaigned on this obviously. The White"}, {"start": "00:10:19", "end": "00:10:24", "text": "House spokesperson"}, {"start": "00:10:21", "end": "00:10:26", "text": "uh spokeswoman rather Liz Houston in a"}, {"start": "00:10:24", "end": "00:10:28", "text": "statement said to deliver on President"}, {"start": "00:10:26", "end": "00:10:30", "text": "Trump's vision, the Trump administration"}, {"start": "00:10:28", "end": "00:10:32", "text": "continues to evaluate the best structure"}, {"start": "00:10:30", "end": "00:10:36", "text": "for a strategic reserve and US digital"}, {"start": "00:10:32", "end": "00:10:38", "text": "asset stockpile. The orders don't carry"}, {"start": "00:10:36", "end": "00:10:40", "text": "the weight of law. No legislation has"}, {"start": "00:10:38", "end": "00:10:42", "text": "yet advanced, though such efforts are"}, {"start": "00:10:40", "end": "00:10:44", "text": "simmering along among these lawmakers in"}, {"start": "00:10:42", "end": "00:10:47", "text": "both the Senate and the House of"}, {"start": "00:10:44", "end": "00:10:48", "text": "Representatives. And this is a key"}, {"start": "00:10:47", "end": "00:10:50", "text": "portion just to understand for the"}, {"start": "00:10:48", "end": "00:10:53", "text": "remainder of this year. If the"}, {"start": "00:10:50", "end": "00:10:55", "text": "Republicans lose the majority in the"}, {"start": "00:10:53", "end": "00:10:58", "text": "House or both chambers this year in"}, {"start": "00:10:55", "end": "00:11:01", "text": "these midterm elections, it's unlikely"}, {"start": "00:10:58", "end": "00:11:04", "text": "that this bill will formalize under"}, {"start": "00:11:01", "end": "00:11:07", "text": "Trump's oversight anytime soon. Now, we"}, {"start": "00:11:04", "end": "00:11:08", "text": "also have the dual"}, {"start": "00:11:07", "end": "00:11:11", "text": "battle here because we got to get"}, {"start": "00:11:08", "end": "00:11:12", "text": "through the Clarity Act as well. I would"}, {"start": "00:11:11", "end": "00:11:15", "text": "imagine you have to pass the Clarity Act"}, {"start": "00:11:12", "end": "00:11:17", "text": "before you can actually move the Bitcoin"}, {"start": "00:11:15", "end": "00:11:20", "text": "reserve, strategic reserve into play."}, {"start": "00:11:17", "end": "00:11:21", "text": "That's just me shooting from a hip. Uh"}, {"start": "00:11:20", "end": "00:11:24", "text": "Kelly, you were kind of talking about"}, {"start": "00:11:21", "end": "00:11:26", "text": "how the algorithm, the political"}, {"start": "00:11:24", "end": "00:11:28", "text": "partisanship algorithm sucks you in,"}, {"start": "00:11:26", "end": "00:11:30", "text": "tries to suck you in sometimes, but the"}, {"start": "00:11:28", "end": "00:11:33", "text": "main thing I'm watching is the Clarity"}, {"start": "00:11:30", "end": "00:11:35", "text": "Act. What's your over and under on if"}, {"start": "00:11:33", "end": "00:11:36", "text": "the Clarity Act passes this year,"}, {"start": "00:11:35", "end": "00:11:40", "text": "brother? Because I I've been doubting."}, {"start": "00:11:36", "end": "00:11:40", "text": "I've been real doubting."}, {"start": "00:11:41", "end": "00:11:44", "text": "put you on the spot"}, {"start": "00:11:42", "end": "00:11:46", "text": ">> to say that I No, I'm just trying to say"}, {"start": "00:11:44", "end": "00:11:49", "text": "this constructively and not just be a"}, {"start": "00:11:46", "end": "00:11:51", "text": "victim of my own life. Like so many of"}, {"start": "00:11:49", "end": "00:11:53", "text": "us become just scrolling social media."}, {"start": "00:11:51", "end": "00:11:55", "text": "You don't re like every a lot of us"}, {"start": "00:11:53", "end": "00:11:57", "text": "think that we have an opinion and you"}, {"start": "00:11:55", "end": "00:11:58", "text": "you dive deeper deeper on somebody's"}, {"start": "00:11:57", "end": "00:12:00", "text": "opinion, you realize they're just"}, {"start": "00:11:58", "end": "00:12:02", "text": "regurgitating something they saw on CNN"}, {"start": "00:12:00", "end": "00:12:03", "text": "or something they saw on Fox or"}, {"start": "00:12:02", "end": "00:12:05", "text": "something that they they got"}, {"start": "00:12:03", "end": "00:12:08", "text": "self-reinforced on an algorithm on X or"}, {"start": "00:12:05", "end": "00:12:11", "text": "whatever. Uh but I do think one thing is"}, {"start": "00:12:08", "end": "00:12:14", "text": "certain uh across the you know the"}, {"start": "00:12:11", "end": "00:12:16", "text": "divide both left and right and middle is"}, {"start": "00:12:14", "end": "00:12:19", "text": "that there is a supreme lack of"}, {"start": "00:12:16", "end": "00:12:22", "text": "confidence right now in uh the ability"}, {"start": "00:12:19", "end": "00:12:24", "text": "for government to get [�__�] done right"}, {"start": "00:12:22", "end": "00:12:26", "text": "and so the wild thing right now is that"}, {"start": "00:12:24", "end": "00:12:28", "text": "we have you know that we have uh the"}, {"start": "00:12:26", "end": "00:12:30", "text": "majority or not I don't say we the"}, {"start": "00:12:28", "end": "00:12:32", "text": "Republicans have the majority and"}, {"start": "00:12:30", "end": "00:12:36", "text": "there's certain there's certain uh"}, {"start": "00:12:32", "end": "00:12:38", "text": "issues that they should be making much"}, {"start": "00:12:36", "end": "00:12:40", "text": "better and faster headway on that"}, {"start": "00:12:38", "end": "00:12:42", "text": "they're unable to do. Now, when we go"}, {"start": "00:12:40", "end": "00:12:44", "text": "through the midterms, this is going to"}, {"start": "00:12:42", "end": "00:12:45", "text": "be where it's interesting. When we go"}, {"start": "00:12:44", "end": "00:12:48", "text": "through the midterms, if if it's split,"}, {"start": "00:12:45", "end": "00:12:50", "text": "where one house has is uh controlled by"}, {"start": "00:12:48", "end": "00:12:53", "text": "Democrats uh and the other one is uh"}, {"start": "00:12:50", "end": "00:12:55", "text": "controlled by Republicans, then that's"}, {"start": "00:12:53", "end": "00:12:57", "text": "only going to slow it down even further,"}, {"start": "00:12:55", "end": "00:12:59", "text": "right? Because there it's going to be"}, {"start": "00:12:57", "end": "00:13:02", "text": "much harder to move things along. So, on"}, {"start": "00:12:59", "end": "00:13:04", "text": "the one hand, I I absolutely think that"}, {"start": "00:13:02", "end": "00:13:05", "text": "they should get it done, but I'm kind of"}, {"start": "00:13:04", "end": "00:13:07", "text": "lo losing confidence that it's going to"}, {"start": "00:13:05", "end": "00:13:10", "text": "get done this year because I mean, look"}, {"start": "00:13:07", "end": "00:13:13", "text": "at what Jamie Diamond even says in"}, {"start": "00:13:10", "end": "00:13:15", "text": "response to uh what we're seeing with"}, {"start": "00:13:13", "end": "00:13:17", "text": "with with these bills, right, with the"}, {"start": "00:13:15", "end": "00:13:20", "text": "Clarity Act and uh you know, calling"}, {"start": "00:13:17", "end": "00:13:22", "text": "calling uh what did he say? He he called"}, {"start": "00:13:20", "end": "00:13:24", "text": "Brian an Armstrong a jackass or or"}, {"start": "00:13:22", "end": "00:13:26", "text": "something in that regard. And the truth"}, {"start": "00:13:24", "end": "00:13:29", "text": "is they're already pushing products."}, {"start": "00:13:26", "end": "00:13:30", "text": "Chase JP Morgan is pushing products"}, {"start": "00:13:29", "end": "00:13:33", "text": "within the Bitcoin ecosystem and the"}, {"start": "00:13:30", "end": "00:13:35", "text": "crypto ecosystem. Yet, they also feel"}, {"start": "00:13:33", "end": "00:13:37", "text": "entirely undercut by the fact that"}, {"start": "00:13:35", "end": "00:13:39", "text": "there's an asset out there that's better"}, {"start": "00:13:37", "end": "00:13:42", "text": "uh better, faster, more efficient,"}, {"start": "00:13:39", "end": "00:13:43", "text": "cheaper uh to utilize better in every"}, {"start": "00:13:42", "end": "00:13:46", "text": "regard than other capital, but they"}, {"start": "00:13:43", "end": "00:13:48", "text": "don't have direct control over, you"}, {"start": "00:13:46", "end": "00:13:50", "text": "know, what's going on with, let's say,"}, {"start": "00:13:48", "end": "00:13:51", "text": "like a rewards, and it makes them feel"}, {"start": "00:13:50", "end": "00:13:55", "text": "like they're going to be undercut. So,"}, {"start": "00:13:51", "end": "00:13:57", "text": "it feels like the banks are probably the"}, {"start": "00:13:55", "end": "00:13:59", "text": "biggest slowing factor of these things"}, {"start": "00:13:57", "end": "00:14:00", "text": "moving faster through uh through"}, {"start": "00:13:59", "end": "00:14:03", "text": "Congress."}, {"start": "00:14:00", "end": "00:14:05", "text": ">> Absolutely. And you know, it's President"}, {"start": "00:14:03", "end": "00:14:08", "text": "Trump being pro- crypto. Obviously, you"}, {"start": "00:14:05", "end": "00:14:10", "text": "have the problem of the partisanship"}, {"start": "00:14:08", "end": "00:14:12", "text": "that's presented against Trump or for"}, {"start": "00:14:10", "end": "00:14:14", "text": "him. Um, but he's definitely come out"}, {"start": "00:14:12", "end": "00:14:15", "text": "and started making some big messages"}, {"start": "00:14:14", "end": "00:14:18", "text": "about Bitcoin. Let's have a listen to"}, {"start": "00:14:15", "end": "00:14:21", "text": "this real quick. But I will say this to"}, {"start": "00:14:18", "end": "00:14:24", "text": "me cryptos are very powerful. A lot of"}, {"start": "00:14:21", "end": "00:14:26", "text": "people are using it. Bitcoin they're"}, {"start": "00:14:24", "end": "00:14:27", "text": "using it at levels that nobody I I don't"}, {"start": "00:14:26", "end": "00:14:30", "text": "think anybody understands really how"}, {"start": "00:14:27", "end": "00:14:32", "text": "power and if we didn't do it, China"}, {"start": "00:14:30", "end": "00:14:34", "text": "would do it in a minute. That's what it"}, {"start": "00:14:32", "end": "00:14:37", "text": "always comes down to. We didn't do it."}, {"start": "00:14:34", "end": "00:14:40", "text": "China's going to do it in a minute. Now,"}, {"start": "00:14:37", "end": "00:14:43", "text": "JD Vance obviously uh he's being hoisted"}, {"start": "00:14:40", "end": "00:14:44", "text": "up as a likely contender for the"}, {"start": "00:14:43", "end": "00:14:48", "text": "Republican party in the next"}, {"start": "00:14:44", "end": "00:14:50", "text": "presidential election, but he had words"}, {"start": "00:14:48", "end": "00:14:52", "text": "talking about Bitcoin over the next"}, {"start": "00:14:50", "end": "00:14:54", "text": "decade. And I want to just check this"}, {"start": "00:14:52", "end": "00:14:55", "text": "out to kind of lay the landscape of what"}, {"start": "00:14:54", "end": "00:14:56", "text": "we're actually looking down the barrel"}, {"start": "00:14:55", "end": "00:14:59", "text": "of right now."}, {"start": "00:14:56", "end": "00:15:03", "text": ">> But I actually think that where Bitcoin"}, {"start": "00:14:59", "end": "00:15:05", "text": "is going is as a strategically important"}, {"start": "00:15:03", "end": "00:15:07", "text": "asset for the United States over the"}, {"start": "00:15:05", "end": "00:15:09", "text": "next decade. It's one of the reasons why"}, {"start": "00:15:07", "end": "00:15:12", "text": "President Trump with the help of of our"}, {"start": "00:15:09", "end": "00:15:14", "text": "great AI guy David Saxs, it's one of the"}, {"start": "00:15:12", "end": "00:15:18", "text": "reasons why we started the Bitcoin"}, {"start": "00:15:14", "end": "00:15:20", "text": "Reserve. So, we have a lot of groundwork"}, {"start": "00:15:18", "end": "00:15:22", "text": "being laid out by the Trump"}, {"start": "00:15:20", "end": "00:15:24", "text": "administration. It's very very clear."}, {"start": "00:15:22", "end": "00:15:28", "text": "Now when you actually look at the"}, {"start": "00:15:24", "end": "00:15:28", "text": "strategic reserve itself"}, {"start": "00:15:28", "end": "00:15:33", "text": "in comparison to the gold reserve act of"}, {"start": "00:15:31", "end": "00:15:36", "text": "1934"}, {"start": "00:15:33", "end": "00:15:39", "text": "there are too many similarities between"}, {"start": "00:15:36", "end": "00:15:40", "text": "these two documents to ignore. First you"}, {"start": "00:15:39", "end": "00:15:45", "text": "have the government kind of grab an"}, {"start": "00:15:40", "end": "00:15:47", "text": "asset. You know back in the 1930s 1934"}, {"start": "00:15:45", "end": "00:15:50", "text": "this is what happened. FDR forced all"}, {"start": "00:15:47", "end": "00:15:52", "text": "the gold even from the Federal Reserve"}, {"start": "00:15:50", "end": "00:15:54", "text": "into the Treasury's hands. Well, you"}, {"start": "00:15:52", "end": "00:15:56", "text": "think Scott Bent has been so pro-"}, {"start": "00:15:54", "end": "00:16:00", "text": "crypto, he's been basically a K for"}, {"start": "00:15:56", "end": "00:16:02", "text": "crypto himself. Now, the US is doing"}, {"start": "00:16:00", "end": "00:16:05", "text": "everything in its power to seize the"}, {"start": "00:16:02", "end": "00:16:09", "text": "Bitcoin from what they call criminals or"}, {"start": "00:16:05", "end": "00:16:11", "text": "terrorist states in this framework, but"}, {"start": "00:16:09", "end": "00:16:15", "text": "they want to do the Bitcoin accumulation"}, {"start": "00:16:11", "end": "00:16:18", "text": "in a budgetneutral way. Right? The same"}, {"start": "00:16:15", "end": "00:16:21", "text": "power move. And this is a centralization"}, {"start": "00:16:18", "end": "00:16:24", "text": "of monetary control on a broad scheme."}, {"start": "00:16:21", "end": "00:16:26", "text": "Right? In the 1930s, you had the"}, {"start": "00:16:24", "end": "00:16:29", "text": "physical asset of gold. In the 2000s,"}, {"start": "00:16:26", "end": "00:16:32", "text": "you now have digital payments, digital"}, {"start": "00:16:29", "end": "00:16:36", "text": "economy, digital bitcoin. Right? This is"}, {"start": "00:16:32", "end": "00:16:38", "text": "where it's a very intense conversation"}, {"start": "00:16:36", "end": "00:16:41", "text": "to actually look at because it leads to"}, {"start": "00:16:38", "end": "00:16:42", "text": "some strong and uh kind of dangerous"}, {"start": "00:16:41", "end": "00:16:44", "text": "potentialities for how the government"}, {"start": "00:16:42", "end": "00:16:47", "text": "actually approaches Bitcoin over the"}, {"start": "00:16:44", "end": "00:16:50", "text": "next few years. is first they grab the"}, {"start": "00:16:47", "end": "00:16:54", "text": "the gold in the 1934 act. They actually"}, {"start": "00:16:50", "end": "00:16:58", "text": "revalued the gold from $2067"}, {"start": "00:16:54", "end": "00:17:02", "text": "up to $35 an ounce overnight. Did an"}, {"start": "00:16:58", "end": "00:17:06", "text": "instantaneous revaluation of gold and it"}, {"start": "00:17:02", "end": "00:17:07", "text": "shifted the power of it actually shifted"}, {"start": "00:17:06", "end": "00:17:11", "text": "the power from the Federal Reserve to"}, {"start": "00:17:07", "end": "00:17:14", "text": "the Treasury in the currency move. Now,"}, {"start": "00:17:11", "end": "00:17:17", "text": "this I want to just keep everyone"}, {"start": "00:17:14", "end": "00:17:20", "text": "cognizant of because"}, {"start": "00:17:17", "end": "00:17:21", "text": "it it does have a dark part, right? It"}, {"start": "00:17:20", "end": "00:17:24", "text": "really does have a dark part. This"}, {"start": "00:17:21", "end": "00:17:27", "text": "highlights the revaluation moment here,"}, {"start": "00:17:24", "end": "00:17:29", "text": "but this is really important."}, {"start": "00:17:27", "end": "00:17:32", "text": "It the Gold Reserve Act of 1934"}, {"start": "00:17:29", "end": "00:17:34", "text": "completed its suspension and transfer of"}, {"start": "00:17:32", "end": "00:17:36", "text": "gold from private hands to the US"}, {"start": "00:17:34", "end": "00:17:38", "text": "Treasury. The law required that the"}, {"start": "00:17:36", "end": "00:17:41", "text": "Federal Reserve and private individuals"}, {"start": "00:17:38", "end": "00:17:44", "text": "and business entities remit any gold in"}, {"start": "00:17:41", "end": "00:17:48", "text": "their possession over the value of $100"}, {"start": "00:17:44", "end": "00:17:48", "text": "to the government. Okay. So,"}, {"start": "00:17:48", "end": "00:17:51", "text": "it is"}, {"start": "00:17:48", "end": "00:17:52", "text": ">> I I I I got to chime in there real quick"}, {"start": "00:17:51", "end": "00:17:54", "text": "because while you were talking about"}, {"start": "00:17:52", "end": "00:17:57", "text": "that, I never ran the numbers on it. Uh"}, {"start": "00:17:54", "end": "00:18:00", "text": "and look look at this really quick. This"}, {"start": "00:17:57", "end": "00:18:03", "text": "is exact this is exactly what you're"}, {"start": "00:18:00", "end": "00:18:06", "text": "talking about. Uh th and this is if if"}, {"start": "00:18:03", "end": "00:18:08", "text": "the US government holds 147 million troy"}, {"start": "00:18:06", "end": "00:18:11", "text": "ounces of gold at Fort Knox valued at"}, {"start": "00:18:08", "end": "00:18:13", "text": "today's uh 4,162"}, {"start": "00:18:11", "end": "00:18:15", "text": "per ounce. All this is gobblygook."}, {"start": "00:18:13", "end": "00:18:18", "text": "Essentially they're still valuing it as"}, {"start": "00:18:15", "end": "00:18:20", "text": "you said at $42 per ounce. Right. If"}, {"start": "00:18:18", "end": "00:18:22", "text": "they valued gold that we have in Fort"}, {"start": "00:18:20", "end": "00:18:24", "text": "Knox at today, if they went and repriced"}, {"start": "00:18:22", "end": "00:18:27", "text": "it at the actual current value, that's a"}, {"start": "00:18:24", "end": "00:18:30", "text": "9,753%"}, {"start": "00:18:27", "end": "00:18:31", "text": "increase in book value basically of what"}, {"start": "00:18:30", "end": "00:18:34", "text": "what we're seeing. Why why would they"}, {"start": "00:18:31", "end": "00:18:36", "text": "not want to show the real represent uh"}, {"start": "00:18:34", "end": "00:18:38", "text": "representation of what the value of gold"}, {"start": "00:18:36", "end": "00:18:40", "text": "is? This I mean this this speaks back to"}, {"start": "00:18:38", "end": "00:18:42", "text": "the lack of trust in government."}, {"start": "00:18:40", "end": "00:18:45", "text": ">> Absolutely. And you know, reason would"}, {"start": "00:18:42", "end": "00:18:47", "text": "say that of course they're going to act"}, {"start": "00:18:45", "end": "00:18:50", "text": "like we've had a 9,000% increase in our"}, {"start": "00:18:47", "end": "00:18:52", "text": "reserves. We have so much more buoyancy"}, {"start": "00:18:50", "end": "00:18:53", "text": "on our national debt, which everyone"}, {"start": "00:18:52", "end": "00:18:56", "text": "keeps complaining about. But they don't"}, {"start": "00:18:53", "end": "00:18:58", "text": "come out and talk about the new value of"}, {"start": "00:18:56", "end": "00:19:00", "text": "gold. And that should make you ask a lot"}, {"start": "00:18:58", "end": "00:19:02", "text": "of questions. But really, when it comes"}, {"start": "00:19:00", "end": "00:19:04", "text": "down to it, anything that the government"}, {"start": "00:19:02", "end": "00:19:07", "text": "wants to steal from me, I see as"}, {"start": "00:19:04", "end": "00:19:10", "text": "valuable. Now, true freedom means that"}, {"start": "00:19:07", "end": "00:19:14", "text": "you can actually hold your own keys to"}, {"start": "00:19:10", "end": "00:19:15", "text": "your crypto private cold wallet. Right"}, {"start": "00:19:14", "end": "00:19:17", "text": "now, we do have a a partner of the"}, {"start": "00:19:15", "end": "00:19:20", "text": "channels actually doing something pretty"}, {"start": "00:19:17", "end": "00:19:23", "text": "cool in honor of the 250 years of"}, {"start": "00:19:20", "end": "00:19:25", "text": "Americans uh of America's deception. We"}, {"start": "00:19:23", "end": "00:19:27", "text": "have Arculus is coming down. They"}, {"start": "00:19:25", "end": "00:19:31", "text": "actually brought their prices down to"}, {"start": "00:19:27", "end": "00:19:33", "text": "$59 a wallet. So, if you don't have Cold"}, {"start": "00:19:31", "end": "00:19:36", "text": "Custody, highly recommend you take"}, {"start": "00:19:33", "end": "00:19:38", "text": "advantage of that deal from Arculus,"}, {"start": "00:19:36", "end": "00:19:39", "text": "great partner of the channel, and uh"}, {"start": "00:19:38", "end": "00:19:41", "text": "they're rolling out some pretty good"}, {"start": "00:19:39", "end": "00:19:43", "text": "deals right now for people. I think just"}, {"start": "00:19:41", "end": "00:19:47", "text": "understanding the backdrop of what we're"}, {"start": "00:19:43", "end": "00:19:51", "text": "looking at here is the government wants"}, {"start": "00:19:47", "end": "00:19:54", "text": "to take and steal Bitcoin, right? The"}, {"start": "00:19:51", "end": "00:19:56", "text": "economy has gone completely digital. The"}, {"start": "00:19:54", "end": "00:19:59", "text": "monetary debt is reaching near $40"}, {"start": "00:19:56", "end": "00:20:02", "text": "trillion and a major fix is on the"}, {"start": "00:19:59", "end": "00:20:04", "text": "horizon. Now, I have patience to hold"}, {"start": "00:20:02", "end": "00:20:06", "text": "Bitcoin to get to that position, but"}, {"start": "00:20:04", "end": "00:20:08", "text": "many people in the short term, swing"}, {"start": "00:20:06", "end": "00:20:11", "text": "traders, they're not going to be on that"}, {"start": "00:20:08", "end": "00:20:14", "text": "same boat. Sorry to say, but holding"}, {"start": "00:20:11", "end": "00:20:15", "text": "Bitcoin and investing into crypto is not"}, {"start": "00:20:14", "end": "00:20:18", "text": "for everyone. It's for the people that"}, {"start": "00:20:15", "end": "00:20:19", "text": "have a vision of how this world has"}, {"start": "00:20:18", "end": "00:20:21", "text": "changed over the course of the last"}, {"start": "00:20:19", "end": "00:20:24", "text": "century and where it's likely to move"}, {"start": "00:20:21", "end": "00:20:26", "text": "forward over the next 20 to 30 years."}, {"start": "00:20:24", "end": "00:20:28", "text": "Very, very key information that I just"}, {"start": "00:20:26", "end": "00:20:31", "text": "wanted to stick on for a moment. And let"}, {"start": "00:20:28", "end": "00:20:33", "text": "me know in the chat. Do you think that"}, {"start": "00:20:31", "end": "00:20:36", "text": "the government's Bitcoin strategic"}, {"start": "00:20:33", "end": "00:20:40", "text": "reserve is actually going to go into"}, {"start": "00:20:36", "end": "00:20:42", "text": "play in the next decade? Yes or no? I"}, {"start": "00:20:40", "end": "00:20:43", "text": "want you and your opinion to come"}, {"start": "00:20:42", "end": "00:20:45", "text": "through that chat. I want to know what"}, {"start": "00:20:43", "end": "00:20:48", "text": "you guys think. if this is just a major"}, {"start": "00:20:45", "end": "00:20:50", "text": "major scop, there's no reason for it."}, {"start": "00:20:48", "end": "00:20:52", "text": "The system's going to continue as it is"}, {"start": "00:20:50", "end": "00:20:55", "text": "or if we are on the brink of a major"}, {"start": "00:20:52", "end": "00:20:56", "text": "forced change. Now,"}, {"start": "00:20:55", "end": "00:20:57", "text": ">> interesting. I"}, {"start": "00:20:56", "end": "00:20:59", "text": ">> I want to hop in there for a second,"}, {"start": "00:20:57", "end": "00:21:01", "text": "too, because there was some pretty big"}, {"start": "00:20:59", "end": "00:21:03", "text": "news yesterday that kind of went not I"}, {"start": "00:21:01", "end": "00:21:05", "text": "don't think it was represented correctly"}, {"start": "00:21:03", "end": "00:21:07", "text": "on across crypto Twitter. And that's uh"}, {"start": "00:21:05", "end": "00:21:10", "text": "on my on my page here, you'll see this"}, {"start": "00:21:07", "end": "00:21:11", "text": "story from Cointelegraph. And this is"}, {"start": "00:21:10", "end": "00:21:13", "text": "bigger than you realize. And what this"}, {"start": "00:21:11", "end": "00:21:16", "text": "is saying is Peter Schiff criticized"}, {"start": "00:21:13", "end": "00:21:19", "text": "strategy for buying near Bitcoin near"}, {"start": "00:21:16", "end": "00:21:21", "text": "highs and selling near near lows. The"}, {"start": "00:21:19", "end": "00:21:23", "text": "story really here because remember how"}, {"start": "00:21:21", "end": "00:21:25", "text": "much of a denier Peter Schiff has been"}, {"start": "00:21:23", "end": "00:21:27", "text": "about Bitcoin. The bigger story here is"}, {"start": "00:21:25", "end": "00:21:29", "text": "that Peter Schiff thinks that we're"}, {"start": "00:21:27", "end": "00:21:32", "text": "basically at a Bitcoin low. Even Bitcoin"}, {"start": "00:21:29", "end": "00:21:35", "text": "deniers think it's smarter to buy here"}, {"start": "00:21:32", "end": "00:21:37", "text": "than sell. Peter Schiff, the Bitcoin"}, {"start": "00:21:35", "end": "00:21:39", "text": "denier, says, \"Hey man, this is probably"}, {"start": "00:21:37", "end": "00:21:40", "text": "uh we're at a low territory that we"}, {"start": "00:21:39", "end": "00:21:42", "text": "need.\" And I'm going to show you some"}, {"start": "00:21:40", "end": "00:21:45", "text": "charts here in a little bit that really"}, {"start": "00:21:42", "end": "00:21:47", "text": "highlight this beyond just uh the the"}, {"start": "00:21:45", "end": "00:21:49", "text": "discourse and opinions around it. But"}, {"start": "00:21:47", "end": "00:21:50", "text": "even Peter Schiff thinks uh we're nearer"}, {"start": "00:21:49", "end": "00:21:52", "text": "or low than not."}, {"start": "00:21:50", "end": "00:21:54", "text": ">> Absolutely. And you know, Trump was"}, {"start": "00:21:52", "end": "00:21:55", "text": "pretty clear yesterday. It's like if we"}, {"start": "00:21:54", "end": "00:21:58", "text": "don't do it, China's going to do it."}, {"start": "00:21:55", "end": "00:22:01", "text": "Now, as literally like as the same time"}, {"start": "00:21:58", "end": "00:22:02", "text": "that he's talking about that, Cynthia"}, {"start": "00:22:01", "end": "00:22:04", "text": "Lumis comes out with this. We have an"}, {"start": "00:22:02", "end": "00:22:07", "text": "economic war with China in her opinion"}, {"start": "00:22:04", "end": "00:22:10", "text": "and we have to prepare. The strategic"}, {"start": "00:22:07", "end": "00:22:12", "text": "reserve is how she can counter that. Now"}, {"start": "00:22:10", "end": "00:22:15", "text": "just an interesting highlight. Jason"}, {"start": "00:22:12", "end": "00:22:18", "text": "Lowry in his write up of software. Jason"}, {"start": "00:22:15", "end": "00:22:21", "text": "Lowry appointed special assistant to the"}, {"start": "00:22:18", "end": "00:22:24", "text": "US Indo-Pacific Command uh bringing"}, {"start": "00:22:21", "end": "00:22:26", "text": "Bitcoin strategic expertise. So these"}, {"start": "00:22:24", "end": "00:22:27", "text": "things are happening in the background,"}, {"start": "00:22:26", "end": "00:22:29", "text": "you know, and yes, I trade Bitcoin, but"}, {"start": "00:22:27", "end": "00:22:30", "text": "I'm not complaining about the price"}, {"start": "00:22:29", "end": "00:22:32", "text": "action of Bitcoin in the short term"}, {"start": "00:22:30", "end": "00:22:34", "text": "because I know things like this are"}, {"start": "00:22:32", "end": "00:22:36", "text": "happening and this is the context. This"}, {"start": "00:22:34", "end": "00:22:38", "text": "is the deeper research that matters."}, {"start": "00:22:36", "end": "00:22:40", "text": "Now, as this is happening in the US,"}, {"start": "00:22:38", "end": "00:22:44", "text": "China's central bank bought the most"}, {"start": "00:22:40", "end": "00:22:46", "text": "gold since 2023. It added 480,000 ounces"}, {"start": "00:22:44", "end": "00:22:49", "text": "of gold in June, bringing its total"}, {"start": "00:22:46", "end": "00:22:51", "text": "holdings to 75.4 million ounces. That"}, {"start": "00:22:49", "end": "00:22:53", "text": "marks China's biggest monthly gold"}, {"start": "00:22:51", "end": "00:22:57", "text": "purchase since 23 and extends the buying"}, {"start": "00:22:53", "end": "00:23:00", "text": "streak 20 months, coming despite a 11%"}, {"start": "00:22:57", "end": "00:23:03", "text": "pullback in June, the worst monthly drop"}, {"start": "00:23:00", "end": "00:23:06", "text": "since 2008. So, major stacking. But then"}, {"start": "00:23:03", "end": "00:23:07", "text": "Waznjak, Steve Waznjak, co-founder of"}, {"start": "00:23:06", "end": "00:23:10", "text": "Apple, has something different to say."}, {"start": "00:23:07", "end": "00:23:12", "text": "Bitcoin is the most ma amazing"}, {"start": "00:23:10", "end": "00:23:16", "text": "mathematical miracle. It's better than"}, {"start": "00:23:12", "end": "00:23:18", "text": "gold. So you have this debate and I do"}, {"start": "00:23:16", "end": "00:23:21", "text": "like a balance of gold and bitcoin, but"}, {"start": "00:23:18", "end": "00:23:24", "text": "I am heavier and more interested in"}, {"start": "00:23:21", "end": "00:23:26", "text": "crypto and bitcoin than precious metals."}, {"start": "00:23:24", "end": "00:23:29", "text": "I can say that I get more volatility, I"}, {"start": "00:23:26", "end": "00:23:32", "text": "get more upside, and uh I get more chaos"}, {"start": "00:23:29", "end": "00:23:33", "text": "with cryptocurrency. So, you know, it's"}, {"start": "00:23:32", "end": "00:23:36", "text": "more disruptive in my opinion than"}, {"start": "00:23:33", "end": "00:23:38", "text": "metals, which are largely understood as"}, {"start": "00:23:36", "end": "00:23:41", "text": "a kind of store of value in the long"}, {"start": "00:23:38", "end": "00:23:42", "text": "term. Now, Kelly, you had some"}, {"start": "00:23:41", "end": "00:23:46", "text": "interesting thoughts. You were talking"}, {"start": "00:23:42", "end": "00:23:50", "text": "to me about before the show went live"}, {"start": "00:23:46", "end": "00:23:52", "text": "about the reason Micro Strategy actually"}, {"start": "00:23:50", "end": "00:23:55", "text": "decided to sell that three and a half"}, {"start": "00:23:52", "end": "00:23:57", "text": "thousand Bitcoin last week. A lot of"}, {"start": "00:23:55", "end": "00:24:00", "text": "people were speculating on it. I did see"}, {"start": "00:23:57", "end": "00:24:04", "text": "a little bit of information about, you"}, {"start": "00:24:00", "end": "00:24:08", "text": "know, uh, NASDAQ adding SpaceX and there"}, {"start": "00:24:04", "end": "00:24:10", "text": "was some worry that strategy is not"}, {"start": "00:24:08", "end": "00:24:13", "text": "going to be added into the S&P 500. What"}, {"start": "00:24:10", "end": "00:24:16", "text": "do you What is your take on the Michael"}, {"start": "00:24:13", "end": "00:24:18", "text": "Sailor dump of Bitcoin last week? Well,"}, {"start": "00:24:16", "end": "00:24:19", "text": "first off, remember Michael Sailor is"}, {"start": "00:24:18", "end": "00:24:21", "text": "not the only player in in the market."}, {"start": "00:24:19", "end": "00:24:23", "text": "There's millions of Bitcoin holders"}, {"start": "00:24:21", "end": "00:24:25", "text": "around the world. Not only that, if you"}, {"start": "00:24:23", "end": "00:24:28", "text": "look at the the amount of Bitcoin that"}, {"start": "00:24:25", "end": "00:24:29", "text": "Michael Sailor and Strategy sold, a"}, {"start": "00:24:28", "end": "00:24:31", "text": "little over 3,500 or whatever it was,"}, {"start": "00:24:29", "end": "00:24:32", "text": "3,800, I can't remember the 200"}, {"start": "00:24:31", "end": "00:24:35", "text": "something plus million dollars worth of"}, {"start": "00:24:32", "end": "00:24:40", "text": "Bitcoin. In the same clip, we've also"}, {"start": "00:24:35", "end": "00:24:42", "text": "saw 270, yes, 270,000"}, {"start": "00:24:40", "end": "00:24:45", "text": "Bitcoin purchased and picked up by"}, {"start": "00:24:42", "end": "00:24:47", "text": "Wales. So, it's not just Michael Sailor"}, {"start": "00:24:45", "end": "00:24:49", "text": "and strategy that's, you know, driving"}, {"start": "00:24:47", "end": "00:24:53", "text": "or propping up this market or going to"}, {"start": "00:24:49", "end": "00:24:55", "text": "sell it down. 270,000 Bitcoin have been"}, {"start": "00:24:53", "end": "00:24:56", "text": "uh purchased by Wales uh basically in"}, {"start": "00:24:55", "end": "00:24:59", "text": "that same time period where Michael"}, {"start": "00:24:56", "end": "00:25:00", "text": "Sailor sold 3500. Uh but there is a"}, {"start": "00:24:59", "end": "00:25:02", "text": "little bit of a caveat there in"}, {"start": "00:25:00", "end": "00:25:05", "text": "understanding that Michael Sailor and"}, {"start": "00:25:02", "end": "00:25:07", "text": "Strategy also just announced uh what was"}, {"start": "00:25:05", "end": "00:25:08", "text": "it about two weeks ago that they were"}, {"start": "00:25:07", "end": "00:25:11", "text": "approve approving or making known that"}, {"start": "00:25:08", "end": "00:25:13", "text": "they could sell up to 1.25 billion"}, {"start": "00:25:11", "end": "00:25:16", "text": "dollars worth of Bitcoin. So they just"}, {"start": "00:25:13", "end": "00:25:19", "text": "sold 200 million. we could be seeing the"}, {"start": "00:25:16", "end": "00:25:21", "text": "summer doldrums playing out in real time"}, {"start": "00:25:19", "end": "00:25:23", "text": "with uh what Strategy is doing with"}, {"start": "00:25:21", "end": "00:25:25", "text": "their Bitcoin sells or buys uh over the"}, {"start": "00:25:23", "end": "00:25:28", "text": "next couple weeks. And if they did just"}, {"start": "00:25:25", "end": "00:25:29", "text": "approve 1.25 billion dollars worth of"}, {"start": "00:25:28", "end": "00:25:32", "text": "sales or make it known that they could"}, {"start": "00:25:29", "end": "00:25:33", "text": "do that, we may see a couple weeks kind"}, {"start": "00:25:32", "end": "00:25:35", "text": "of threaded throughout this uh"}, {"start": "00:25:33", "end": "00:25:37", "text": "throughout the summer in the summer"}, {"start": "00:25:35", "end": "00:25:39", "text": "doldrums where volume's low and"}, {"start": "00:25:37", "end": "00:25:41", "text": "everybody's exhausted and there's, you"}, {"start": "00:25:39", "end": "00:25:43", "text": "know, people aren't paying attention"}, {"start": "00:25:41", "end": "00:25:45", "text": "where we do see some more sales. Now, on"}, {"start": "00:25:43", "end": "00:25:47", "text": "the flip side of that, uh there's been"}, {"start": "00:25:45", "end": "00:25:49", "text": "all this speculation about when Michael"}, {"start": "00:25:47", "end": "00:25:52", "text": "Sailor and strategy could actually be"}, {"start": "00:25:49", "end": "00:25:54", "text": "added to the S&P 500. And I I don't"}, {"start": "00:25:52", "end": "00:25:55", "text": "think a lot of people really understand"}, {"start": "00:25:54", "end": "00:25:57", "text": "what that means. It's not like you're"}, {"start": "00:25:55", "end": "00:25:59", "text": "just getting added to a list. you're"}, {"start": "00:25:57", "end": "00:26:03", "text": "getting added to an index that if you"}, {"start": "00:25:59", "end": "00:26:05", "text": "are in it, there are thousands upon"}, {"start": "00:26:03", "end": "00:26:08", "text": "thousands of pensions, uh, investment"}, {"start": "00:26:05", "end": "00:26:12", "text": "funds, uh, other investment vehicles"}, {"start": "00:26:08", "end": "00:26:16", "text": "that basically, uh, are forced buyers to"}, {"start": "00:26:12", "end": "00:26:18", "text": "any asset that is within that S&P 500"}, {"start": "00:26:16", "end": "00:26:20", "text": "index of stocks. So, you're getting a"}, {"start": "00:26:18", "end": "00:26:22", "text": "huge amount of liquidity flow and"}, {"start": "00:26:20", "end": "00:26:26", "text": "purchase power uh, if you do get added."}, {"start": "00:26:22", "end": "00:26:28", "text": "So, one of the sort of drawdowns or"}, {"start": "00:26:26", "end": "00:26:31", "text": "knockdowns that critiques that the S&P"}, {"start": "00:26:28", "end": "00:26:33", "text": "500 or speculations around the S&P 500"}, {"start": "00:26:31", "end": "00:26:35", "text": "decision about them not being added is"}, {"start": "00:26:33", "end": "00:26:38", "text": "that they're a Bitcoin company. Like"}, {"start": "00:26:35", "end": "00:26:40", "text": "their entire business now, I mean, yes,"}, {"start": "00:26:38", "end": "00:26:42", "text": "they have software company, but their"}, {"start": "00:26:40", "end": "00:26:44", "text": "business is 95%"}, {"start": "00:26:42", "end": "00:26:47", "text": "Bitcoin, right? However, they do have"}, {"start": "00:26:44", "end": "00:26:49", "text": "STRC. They got a couple other Bitcoin"}, {"start": "00:26:47", "end": "00:26:50", "text": "financialized products, and they're not"}, {"start": "00:26:49", "end": "00:26:53", "text": "just buying and holding anymore. they"}, {"start": "00:26:50", "end": "00:26:56", "text": "are buying and selling and also having"}, {"start": "00:26:53", "end": "00:27:00", "text": "these these sort of uh income premium uh"}, {"start": "00:26:56", "end": "00:27:02", "text": "stocks assets like STRC. So are they"}, {"start": "00:27:00", "end": "00:27:04", "text": "just trying to broaden the sort of"}, {"start": "00:27:02", "end": "00:27:06", "text": "opinion of what's going on in the S&P"}, {"start": "00:27:04", "end": "00:27:07", "text": "500 so that they can be added? They're"}, {"start": "00:27:06", "end": "00:27:10", "text": "not just going to buy and hold if the"}, {"start": "00:27:07", "end": "00:27:13", "text": "market drops 77%. they're going to do"}, {"start": "00:27:10", "end": "00:27:15", "text": "what they need to to uh to to manage"}, {"start": "00:27:13", "end": "00:27:18", "text": "their portfolio because remember Michael"}, {"start": "00:27:15", "end": "00:27:20", "text": "Sailor is one man but strategy is a"}, {"start": "00:27:18", "end": "00:27:22", "text": "publicly traded company and they have to"}, {"start": "00:27:20", "end": "00:27:24", "text": "honor what they need to do for"}, {"start": "00:27:22", "end": "00:27:26", "text": "shareholders and one of those things"}, {"start": "00:27:24", "end": "00:27:28", "text": "could be tax harvesting. So there's a"}, {"start": "00:27:26", "end": "00:27:30", "text": "lot of different things at play here"}, {"start": "00:27:28", "end": "00:27:32", "text": "other than just Michael Sailor's giving"}, {"start": "00:27:30", "end": "00:27:34", "text": "up on Bitcoin. No, I think he's just"}, {"start": "00:27:32", "end": "00:27:36", "text": "playing a very very calculated and"}, {"start": "00:27:34", "end": "00:27:38", "text": "tactful game, especially in a time where"}, {"start": "00:27:36", "end": "00:27:40", "text": "the market is not paying attention and"}, {"start": "00:27:38", "end": "00:27:42", "text": "you can take advantage of selling"}, {"start": "00:27:40", "end": "00:27:44", "text": "pressure that then starts the ball that"}, {"start": "00:27:42", "end": "00:27:45", "text": "does give lower buying opportunity. But"}, {"start": "00:27:44", "end": "00:27:47", "text": "again, we're going to show these charts"}, {"start": "00:27:45", "end": "00:27:49", "text": "in a second. There are some really,"}, {"start": "00:27:47", "end": "00:27:50", "text": "really th brewing."}, {"start": "00:27:49", "end": "00:27:54", "text": ">> Absolutely. And shout out for the super"}, {"start": "00:27:50", "end": "00:27:57", "text": "chat. Uh Roosevelt Taylor, he says Trump"}, {"start": "00:27:54", "end": "00:27:59", "text": "has the Trump rugged us whole crypto"}, {"start": "00:27:57", "end": "00:28:02", "text": "community with both his meme coins."}, {"start": "00:27:59", "end": "00:28:03", "text": "absolutely agree with that and uh sad,"}, {"start": "00:28:02", "end": "00:28:05", "text": "but he's the only problem I see in"}, {"start": "00:28:03", "end": "00:28:07", "text": "crypto. I don't know if he's the only"}, {"start": "00:28:05", "end": "00:28:09", "text": "problem in crypto. But I did decide to"}, {"start": "00:28:07", "end": "00:28:12", "text": "uh bring the receipts on everything"}, {"start": "00:28:09", "end": "00:28:14", "text": "Trump has done. I think this about 3"}, {"start": "00:28:12", "end": "00:28:16", "text": "days ago just going over data, you know,"}, {"start": "00:28:14", "end": "00:28:18", "text": "and this is not this is not me hating on"}, {"start": "00:28:16", "end": "00:28:20", "text": "Trump. This is me just highlighting the"}, {"start": "00:28:18", "end": "00:28:22", "text": "billion dollar poll from the crypto"}, {"start": "00:28:20", "end": "00:28:24", "text": "industry that he's pulled off. And you"}, {"start": "00:28:22", "end": "00:28:26", "text": "know what? I don't hate the game. You"}, {"start": "00:28:24", "end": "00:28:28", "text": "know, he pulled a billion dollars off."}, {"start": "00:28:26", "end": "00:28:30", "text": "He rolled the Salana memecoin out"}, {"start": "00:28:28", "end": "00:28:33", "text": "literally at the top. Maybe he caused"}, {"start": "00:28:30", "end": "00:28:36", "text": "the top of Salana potentially allegedly."}, {"start": "00:28:33", "end": "00:28:40", "text": "But uh boy howdy did he make a max"}, {"start": "00:28:36", "end": "00:28:42", "text": "extraction on that. Now I got to uh roll"}, {"start": "00:28:40", "end": "00:28:45", "text": "into the altcoin sector. But first there"}, {"start": "00:28:42", "end": "00:28:46", "text": "are some things happening um on the Wall"}, {"start": "00:28:45", "end": "00:28:49", "text": "Street side that I wanted to highlight"}, {"start": "00:28:46", "end": "00:28:51", "text": "here. So we have semiconductor stocks."}, {"start": "00:28:49", "end": "00:28:54", "text": "Semiconductor stocks are flashing"}, {"start": "00:28:51", "end": "00:28:56", "text": "warning signs warning BTI."}, {"start": "00:28:54", "end": "00:28:59", "text": "But doesn't matter if you're you're"}, {"start": "00:28:56", "end": "00:29:02", "text": "shilled by Trump. Dell stock extended"}, {"start": "00:28:59", "end": "00:29:04", "text": "gains of 8% to the day adding $22"}, {"start": "00:29:02", "end": "00:29:08", "text": "billion market cap after Trump urged"}, {"start": "00:29:04", "end": "00:29:11", "text": "people to go out and buy a Dell. So this"}, {"start": "00:29:08", "end": "00:29:13", "text": "is and this is for the uh Trump accounts"}, {"start": "00:29:11", "end": "00:29:15", "text": "uh you know children. I signed up my"}, {"start": "00:29:13", "end": "00:29:16", "text": "kids for the Trump accounts. You know,"}, {"start": "00:29:15", "end": "00:29:19", "text": "you're damn right I'm going to get them"}, {"start": "00:29:16", "end": "00:29:21", "text": "exposure to this. But other stuff that's"}, {"start": "00:29:19", "end": "00:29:23", "text": "moving, this is not an altcoin. This is"}, {"start": "00:29:21", "end": "00:29:26", "text": "not a memecoin. It's coffee soaring more"}, {"start": "00:29:23", "end": "00:29:29", "text": "than 16% for its biggest gain in a"}, {"start": "00:29:26", "end": "00:29:31", "text": "century. Coffee is absolutely rocketing"}, {"start": "00:29:29", "end": "00:29:34", "text": "right now. Uh maybe I should ask uh"}, {"start": "00:29:31", "end": "00:29:36", "text": "Tubbit if I can add coffee to the uh"}, {"start": "00:29:34", "end": "00:29:39", "text": "list of commodities. We can get our"}, {"start": "00:29:36", "end": "00:29:41", "text": "risky fingers on there. Now, a let's"}, {"start": "00:29:39", "end": "00:29:45", "text": "talk about Kelly. I'm I'm very ready to"}, {"start": "00:29:41", "end": "00:29:47", "text": "talk about altcoins, okay? And you know,"}, {"start": "00:29:45", "end": "00:29:48", "text": "I have all this data. You know, I want"}, {"start": "00:29:47", "end": "00:29:50", "text": "to talk about a I want to talk about"}, {"start": "00:29:48", "end": "00:29:53", "text": "Cardono,"}, {"start": "00:29:50", "end": "00:29:55", "text": "but you know, there is a lot of people"}, {"start": "00:29:53", "end": "00:29:58", "text": "that are terrified out there right now"}, {"start": "00:29:55", "end": "00:30:01", "text": "about altcoins. I I've been a little bit"}, {"start": "00:29:58", "end": "00:30:03", "text": "frisky. What is your take on the altcoin"}, {"start": "00:30:01", "end": "00:30:04", "text": "sector right now, brother?"}, {"start": "00:30:03", "end": "00:30:06", "text": ">> Well, let me uh pull this up first and"}, {"start": "00:30:04", "end": "00:30:09", "text": "I'll jump right in the charts. This is"}, {"start": "00:30:06", "end": "00:30:10", "text": "uh this is a self-portrait of myself uh"}, {"start": "00:30:09", "end": "00:30:12", "text": "you know, basically trying to pretend"}, {"start": "00:30:10", "end": "00:30:14", "text": "that I'm under the age of 18 so I can"}, {"start": "00:30:12", "end": "00:30:16", "text": "get some of that Trump account. Uh you"}, {"start": "00:30:14", "end": "00:30:18", "text": "know, hook me up, you know. No, but you"}, {"start": "00:30:16", "end": "00:30:21", "text": "actually just mentioned coffee as well."}, {"start": "00:30:18", "end": "00:30:23", "text": "And interesting interestingly, coffee is"}, {"start": "00:30:21", "end": "00:30:23", "text": "performing better than Ethereum."}, {"start": "00:30:23", "end": "00:30:25", "text": ">> Incredible."}, {"start": "00:30:23", "end": "00:30:27", "text": ">> Uh, you know, so this is going to be"}, {"start": "00:30:25", "end": "00:30:28", "text": "interesting to see how this plays out. I"}, {"start": "00:30:27", "end": "00:30:31", "text": "still think Ethereum's got a huge amount"}, {"start": "00:30:28", "end": "00:30:33", "text": "of legs uh to to to make some pretty big"}, {"start": "00:30:31", "end": "00:30:35", "text": "shreds. But when we're looking at the"}, {"start": "00:30:33", "end": "00:30:38", "text": "altcoin market, the crazy thing right"}, {"start": "00:30:35", "end": "00:30:39", "text": "now is it feels so riskoff. And I think"}, {"start": "00:30:38", "end": "00:30:41", "text": "this is when everybody gets frustrated."}, {"start": "00:30:39", "end": "00:30:44", "text": "They stop paying attention. And when you"}, {"start": "00:30:41", "end": "00:30:45", "text": "look at the market and realize Bitcoin"}, {"start": "00:30:44", "end": "00:30:47", "text": "dominance, if you're not paying"}, {"start": "00:30:45", "end": "00:30:48", "text": "attention to all the different Trump"}, {"start": "00:30:47", "end": "00:30:50", "text": "narratives and what's going on with Iran"}, {"start": "00:30:48", "end": "00:30:52", "text": "and what's going on with tariffs and"}, {"start": "00:30:50", "end": "00:30:54", "text": "what's going on where you're seeing AI"}, {"start": "00:30:52", "end": "00:30:56", "text": "suck the wind and the liquidity out of"}, {"start": "00:30:54", "end": "00:30:58", "text": "everything else, ignore all that."}, {"start": "00:30:56", "end": "00:31:01", "text": "Sometimes you need to get down and focus"}, {"start": "00:30:58", "end": "00:31:03", "text": "and realize that the setup that we're"}, {"start": "00:31:01", "end": "00:31:07", "text": "seeing in altcoins right now is"}, {"start": "00:31:03", "end": "00:31:08", "text": "suggesting very very likely pretty large"}, {"start": "00:31:07", "end": "00:31:11", "text": "move in the altcoins coming. Now, the"}, {"start": "00:31:08", "end": "00:31:13", "text": "problem with saying it's coming, people"}, {"start": "00:31:11", "end": "00:31:15", "text": "think and they're going to come back and"}, {"start": "00:31:13", "end": "00:31:17", "text": "dunk on me tomorrow. All coins went"}, {"start": "00:31:15", "end": "00:31:19", "text": "down. Well, what I mean coming, I mean"}, {"start": "00:31:17", "end": "00:31:21", "text": "sometime in the next three to six"}, {"start": "00:31:19", "end": "00:31:23", "text": "months, something."}, {"start": "00:31:21", "end": "00:31:25", "text": ">> This looks very similar to me. It's"}, {"start": "00:31:23", "end": "00:31:27", "text": "obviously a much different shape, but we"}, {"start": "00:31:25", "end": "00:31:29", "text": "did like we got this massive run up and"}, {"start": "00:31:27", "end": "00:31:32", "text": "then boom, this this massive drop in"}, {"start": "00:31:29", "end": "00:31:34", "text": "Bitcoin dominance. This was alt season."}, {"start": "00:31:32", "end": "00:31:36", "text": "All right, we had a little bit of a fake"}, {"start": "00:31:34", "end": "00:31:38", "text": "alt season here, the run back up on"}, {"start": "00:31:36", "end": "00:31:40", "text": "Bitcoin, and then the real alt season."}, {"start": "00:31:38", "end": "00:31:43", "text": "Similarly, we got the run up here on"}, {"start": "00:31:40", "end": "00:31:45", "text": "Bitcoin, a that little mini alt season"}, {"start": "00:31:43", "end": "00:31:49", "text": "that we felt back here in July, sorry,"}, {"start": "00:31:45", "end": "00:31:52", "text": "uh July, August last year, and then it"}, {"start": "00:31:49", "end": "00:31:54", "text": "has just been flat. But if this does"}, {"start": "00:31:52", "end": "00:31:56", "text": "start to rotate back to the downside,"}, {"start": "00:31:54", "end": "00:31:58", "text": "and I do expect a bit more chop, then"}, {"start": "00:31:56", "end": "00:32:00", "text": "this will be when you get some pretty"}, {"start": "00:31:58", "end": "00:32:02", "text": "big moves. Ethereum, I think, is going"}, {"start": "00:32:00", "end": "00:32:04", "text": "to be part of it. Uh, I mean Tom Lee is"}, {"start": "00:32:02", "end": "00:32:06", "text": "buying like a madman. We're still see we"}, {"start": "00:32:04", "end": "00:32:09", "text": "have the major upgrade that we have"}, {"start": "00:32:06", "end": "00:32:11", "text": "coming to uh to Ethereum here. They just"}, {"start": "00:32:09", "end": "00:32:12", "text": "made the announcement, right? Um, and"}, {"start": "00:32:11", "end": "00:32:15", "text": "last time that happened, we saw a pretty"}, {"start": "00:32:12", "end": "00:32:16", "text": "like a two or 300% increase in the"}, {"start": "00:32:15", "end": "00:32:19", "text": "Ethereum prices. And if Ethereum"}, {"start": "00:32:16", "end": "00:32:22", "text": "actually moves, not just a basket of"}, {"start": "00:32:19", "end": "00:32:23", "text": "other altcoins, if Ethereum really"}, {"start": "00:32:22", "end": "00:32:26", "text": "starts to move, that will be a major"}, {"start": "00:32:23", "end": "00:32:28", "text": "catalyst for a lot of other altcoins as"}, {"start": "00:32:26", "end": "00:32:30", "text": "well. So, I'm keeping my eye very, very"}, {"start": "00:32:28", "end": "00:32:34", "text": "tightly on this. Another one out there"}, {"start": "00:32:30", "end": "00:32:35", "text": "uh Salana has been absolutely making"}, {"start": "00:32:34", "end": "00:32:38", "text": "some overwhelming strides but not just"}, {"start": "00:32:35", "end": "00:32:42", "text": "Salana this is tokenized assets spot"}, {"start": "00:32:38", "end": "00:32:43", "text": "volume on dexes and it's not just Salana"}, {"start": "00:32:42", "end": "00:32:46", "text": "uh but just looking at the Salana"}, {"start": "00:32:43", "end": "00:32:48", "text": "ecosystem as a proxy for the broader"}, {"start": "00:32:46", "end": "00:32:53", "text": "market we're seeing I mean this went"}, {"start": "00:32:48", "end": "00:32:56", "text": "from 2.62.7 62.7 billion in Q1 to almost"}, {"start": "00:32:53", "end": "00:32:59", "text": "$6 billion. That's more basically a"}, {"start": "00:32:56", "end": "00:33:01", "text": "double in volume in basically these"}, {"start": "00:32:59", "end": "00:33:04", "text": "tokenized assets"}, {"start": "00:33:01", "end": "00:33:06", "text": ">> on spot volume, not leverage uh just in"}, {"start": "00:33:04", "end": "00:33:08", "text": "one quarter. So, there's a lot of things"}, {"start": "00:33:06", "end": "00:33:10", "text": "happening behind the scenes. It feels"}, {"start": "00:33:08", "end": "00:33:12", "text": "like things are cooking up, but retail's"}, {"start": "00:33:10", "end": "00:33:14", "text": "not paying attention. And to be fair,"}, {"start": "00:33:12", "end": "00:33:16", "text": "this is my favorite time to really be"}, {"start": "00:33:14", "end": "00:33:19", "text": "diving into the market to invest to be a"}, {"start": "00:33:16", "end": "00:33:22", "text": "bit more patient and stack a buy that I"}, {"start": "00:33:19", "end": "00:33:24", "text": "can hold on to for, you know, 9 to 18"}, {"start": "00:33:22", "end": "00:33:26", "text": "months that's going to see some pretty"}, {"start": "00:33:24", "end": "00:33:29", "text": "large returns."}, {"start": "00:33:26", "end": "00:33:30", "text": ">> Absolutely. You know, looking at Salana,"}, {"start": "00:33:29", "end": "00:33:33", "text": "let's let's kind of hang on Salana for a"}, {"start": "00:33:30", "end": "00:33:34", "text": "minute here and check out the charts."}, {"start": "00:33:33", "end": "00:33:36", "text": "So,"}, {"start": "00:33:34", "end": "00:33:41", "text": "it's sitting and hovering right at"}, {"start": "00:33:36", "end": "00:33:44", "text": "around $80. to hit local lows at 60 and"}, {"start": "00:33:41", "end": "00:33:46", "text": "it's showing a more vicious bullish"}, {"start": "00:33:44", "end": "00:33:50", "text": "divergence on the weekly than Bitcoin"}, {"start": "00:33:46", "end": "00:33:52", "text": "right now. So, there is a lot of spot"}, {"start": "00:33:50", "end": "00:33:55", "text": "interest that I can tell is happening"}, {"start": "00:33:52", "end": "00:33:57", "text": "around the $60 range for Salana. if we"}, {"start": "00:33:55", "end": "00:34:01", "text": "have to grind through this year, you"}, {"start": "00:33:57", "end": "00:34:02", "text": "know, maybe it taps down and, you know,"}, {"start": "00:34:01", "end": "00:34:04", "text": "our best entry over the course of the"}, {"start": "00:34:02", "end": "00:34:07", "text": "remainder of the year given if Bitcoin"}, {"start": "00:34:04", "end": "00:34:11", "text": "continues to crab would be in the like"}, {"start": "00:34:07", "end": "00:34:13", "text": "$40 region. But essentially, I think"}, {"start": "00:34:11", "end": "00:34:16", "text": "that Salana has a better risk"}, {"start": "00:34:13", "end": "00:34:17", "text": "riskto-reward to me than even Ethereum,"}, {"start": "00:34:16", "end": "00:34:20", "text": "uh, from what I'm looking at. So, it's"}, {"start": "00:34:17", "end": "00:34:21", "text": "very high up and it's kind of an easy"}, {"start": "00:34:20", "end": "00:34:23", "text": "one that I'm talking about. you know,"}, {"start": "00:34:21", "end": "00:34:24", "text": "there's other altcoins I'm going to be"}, {"start": "00:34:23", "end": "00:34:27", "text": "buying and putting into the school. You"}, {"start": "00:34:24", "end": "00:34:30", "text": "know, heads up on heads up on those, but"}, {"start": "00:34:27", "end": "00:34:32", "text": "Salana has a very good risk-to-reward"}, {"start": "00:34:30", "end": "00:34:34", "text": "type uh scenario going on for it. The"}, {"start": "00:34:32", "end": "00:34:36", "text": "bullish divergence is clear and I'll"}, {"start": "00:34:34", "end": "00:34:40", "text": "just highlight it so you guys can see"}, {"start": "00:34:36", "end": "00:34:40", "text": "the depth of this bull dives"}, {"start": "00:34:41", "end": "00:34:46", "text": "as uh kind of broader signals to get my"}, {"start": "00:34:45", "end": "00:34:50", "text": "uh fingers back on the green button"}, {"start": "00:34:46", "end": "00:34:51", "text": "here. and it is it is showing itself to"}, {"start": "00:34:50", "end": "00:34:53", "text": "be playing out. Now, I'm not going to be"}, {"start": "00:34:51", "end": "00:34:56", "text": "surprised that there's chop and there's"}, {"start": "00:34:53", "end": "00:34:58", "text": "play in here, but it's a newer project"}, {"start": "00:34:56", "end": "00:35:01", "text": "that really hasn't seen anything like"}, {"start": "00:34:58", "end": "00:35:04", "text": "this. I honestly, it's never been this"}, {"start": "00:35:01", "end": "00:35:06", "text": "be down on RSI and then signal that"}, {"start": "00:35:04", "end": "00:35:08", "text": "bullish divergence. And all the metrics"}, {"start": "00:35:06", "end": "00:35:10", "text": "that Kelly just went over are really a"}, {"start": "00:35:08", "end": "00:35:12", "text": "big signal that it is one of the big"}, {"start": "00:35:10", "end": "00:35:14", "text": "winners right now. Here's Trump's"}, {"start": "00:35:12", "end": "00:35:17", "text": "official meme token. uh the moment he"}, {"start": "00:35:14", "end": "00:35:18", "text": "put it out is actually the literal peak"}, {"start": "00:35:17", "end": "00:35:23", "text": "of the last bullpark as well. So shout"}, {"start": "00:35:18", "end": "00:35:27", "text": "out to that. Um now a"}, {"start": "00:35:23", "end": "00:35:28", "text": "is looking good. Um we have this annual"}, {"start": "00:35:27", "end": "00:35:30", "text": "revenue is on track to hit a record"}, {"start": "00:35:28", "end": "00:35:33", "text": "alltime high for the fourth year in a"}, {"start": "00:35:30", "end": "00:35:36", "text": "row. A has already earned $64 million"}, {"start": "00:35:33", "end": "00:35:38", "text": "this year. One of the few D5 businesses"}, {"start": "00:35:36", "end": "00:35:40", "text": "that keeps thriving even in a bare"}, {"start": "00:35:38", "end": "00:35:43", "text": "market. And a lot of that FUD and that"}, {"start": "00:35:40", "end": "00:35:46", "text": "Dow governance mess has been overcome by"}, {"start": "00:35:43", "end": "00:35:50", "text": "Ave. It's making moves back into the 90"}, {"start": "00:35:46", "end": "00:35:53", "text": "just under $100 range. And you know I do"}, {"start": "00:35:50", "end": "00:35:56", "text": "have to kind of take this season of a"}, {"start": "00:35:53", "end": "00:35:58", "text": "very very seriously right now. The mod"}, {"start": "00:35:56", "end": "00:36:01", "text": "Tether is getting frisky. Tether is"}, {"start": "00:35:58", "end": "00:36:03", "text": "getting frisky right now. So"}, {"start": "00:36:01", "end": "00:36:06", "text": "a doesn't have the same kind of bull on"}, {"start": "00:36:03", "end": "00:36:09", "text": "the weekly as Salana"}, {"start": "00:36:06", "end": "00:36:11", "text": "and messing around in this range. I I"}, {"start": "00:36:09", "end": "00:36:13", "text": "think basically just targeting this"}, {"start": "00:36:11", "end": "00:36:16", "text": "accumulation range is probably the best"}, {"start": "00:36:13", "end": "00:36:19", "text": "move for me here. it had a very deep"}, {"start": "00:36:16", "end": "00:36:24", "text": "pullback from all that bud on top of the"}, {"start": "00:36:19", "end": "00:36:27", "text": "bare market holding on to it and really"}, {"start": "00:36:24", "end": "00:36:29", "text": "I mean it's kind of from 50 bucks and if"}, {"start": "00:36:27", "end": "00:36:31", "text": "I want to be cheap like $50 to $80 entry"}, {"start": "00:36:29", "end": "00:36:34", "text": "points look reasonable because I've been"}, {"start": "00:36:31", "end": "00:36:36", "text": "tracking the DeFi llama metrics on this"}, {"start": "00:36:34", "end": "00:36:39", "text": "pretty closely um because I'm a huge fan"}, {"start": "00:36:36", "end": "00:36:43", "text": "of Morpho and really enjoyed watching"}, {"start": "00:36:39", "end": "00:36:46", "text": "Morpho rise up on its TVL as a ran into"}, {"start": "00:36:43", "end": "00:36:50", "text": "the FUD But now prices really uh kind of"}, {"start": "00:36:46", "end": "00:36:52", "text": "reset and lord love a duck the lending"}, {"start": "00:36:50", "end": "00:36:56", "text": "industry is still like an a it's up to"}, {"start": "00:36:52", "end": "00:36:59", "text": "$13 billion in TVL but Morpho keeps"}, {"start": "00:36:56", "end": "00:37:00", "text": "kicking to the upside right Morpho is"}, {"start": "00:36:59", "end": "00:37:02", "text": "continuously kicking to the upside now"}, {"start": "00:37:00", "end": "00:37:04", "text": "it's at 7.15"}, {"start": "00:37:02", "end": "00:37:07", "text": ">> well you know it's important to realize"}, {"start": "00:37:04", "end": "00:37:10", "text": "too there Drew uh a has got almost"}, {"start": "00:37:07", "end": "00:37:12", "text": "double double the lifespan in terms of"}, {"start": "00:37:10", "end": "00:37:15", "text": "how long it's been around than than"}, {"start": "00:37:12", "end": "00:37:17", "text": "Morpho which means It's pretty, you"}, {"start": "00:37:15", "end": "00:37:20", "text": "know, astronomically awesome that Morpho"}, {"start": "00:37:17", "end": "00:37:22", "text": "has performed so well in that short"}, {"start": "00:37:20", "end": "00:37:24", "text": "period of time in terms of I'm talking"}, {"start": "00:37:22", "end": "00:37:26", "text": "about not the price action, the"}, {"start": "00:37:24", "end": "00:37:28", "text": "fundamental data, that amount of TVL"}, {"start": "00:37:26", "end": "00:37:30", "text": "that's on it is is shows that's real"}, {"start": "00:37:28", "end": "00:37:34", "text": "trust. That's not speculation."}, {"start": "00:37:30", "end": "00:37:37", "text": ">> Absolutely. And you know, the TVL not"}, {"start": "00:37:34", "end": "00:37:39", "text": "cascading down under $10 billion was a"}, {"start": "00:37:37", "end": "00:37:42", "text": "huge signal that that was a line in the"}, {"start": "00:37:39", "end": "00:37:44", "text": "sand. And from a technical analysis"}, {"start": "00:37:42", "end": "00:37:47", "text": "perspective, I mean, these are very,"}, {"start": "00:37:44", "end": "00:37:49", "text": "very heavy volume spots here, you know,"}, {"start": "00:37:47", "end": "00:37:52", "text": "and in the what we're looking at is not"}, {"start": "00:37:49", "end": "00:37:54", "text": "the price. We're looking at the TVL and"}, {"start": "00:37:52", "end": "00:37:57", "text": "seeing how many times it's defended"}, {"start": "00:37:54", "end": "00:38:00", "text": "itself or ran into resistance at 12"}, {"start": "00:37:57", "end": "00:38:02", "text": "billion. It's hit the brakes on the"}, {"start": "00:38:00", "end": "00:38:05", "text": "blood there at 12 billion once again,"}, {"start": "00:38:02", "end": "00:38:08", "text": "essentially one 11.8. Very, very good"}, {"start": "00:38:05", "end": "00:38:10", "text": "sign of A's resurgence. Now, one is in"}, {"start": "00:38:08", "end": "00:38:13", "text": "the chat. I see that you guys already"}, {"start": "00:38:10", "end": "00:38:16", "text": "know that I like it's a VVB. It's gotten"}, {"start": "00:38:13", "end": "00:38:19", "text": "beaten down. It's grim. Things are sad"}, {"start": "00:38:16", "end": "00:38:22", "text": "on VBV right now. And I'm looking at"}, {"start": "00:38:19", "end": "00:38:25", "text": "opportunity. I want to go look at VVB"}, {"start": "00:38:22", "end": "00:38:27", "text": "cuz this I think, you know, the more we"}, {"start": "00:38:25", "end": "00:38:28", "text": "see government intervention and control"}, {"start": "00:38:27", "end": "00:38:30", "text": "of AI,"}, {"start": "00:38:28", "end": "00:38:34", "text": "the more people are going to want"}, {"start": "00:38:30", "end": "00:38:36", "text": "privacy and decentralized AI. And I"}, {"start": "00:38:34", "end": "00:38:38", "text": "think that's a strong narrative. really"}, {"start": "00:38:36", "end": "00:38:40", "text": "what I'm looking at on VVV and I've been"}, {"start": "00:38:38", "end": "00:38:42", "text": "highlighting this for a while. I may as"}, {"start": "00:38:40", "end": "00:38:44", "text": "well just draw the dang back the truck"}, {"start": "00:38:42", "end": "00:38:45", "text": "up box here because you all you all"}, {"start": "00:38:44", "end": "00:38:47", "text": "already know that I like this dang"}, {"start": "00:38:45", "end": "00:38:50", "text": "project. I'm giving out too much alpha."}, {"start": "00:38:47", "end": "00:38:51", "text": ">> Dude, even even if you don't like the"}, {"start": "00:38:50", "end": "00:38:53", "text": "project,"}, {"start": "00:38:51", "end": "00:38:56", "text": ">> separate the bias from it, right? And"}, {"start": "00:38:53", "end": "00:38:58", "text": "just look at that chart. That chart has"}, {"start": "00:38:56", "end": "00:39:01", "text": "I mean Yeah. I mean that box right there"}, {"start": "00:38:58", "end": "00:39:02", "text": "and it's controlled move down into that"}, {"start": "00:39:01", "end": "00:39:05", "text": "zone. We're seeing a falling wedge kind"}, {"start": "00:39:02", "end": "00:39:07", "text": "of like a giant bull flag bull pennant."}, {"start": "00:39:05", "end": "00:39:09", "text": "Uh I mean there's multiple bullish"}, {"start": "00:39:07", "end": "00:39:12", "text": "signals there uh that are forming. Yes,"}, {"start": "00:39:09", "end": "00:39:14", "text": "you can have bullish signals form in"}, {"start": "00:39:12", "end": "00:39:16", "text": "bearish price action and and in fact I"}, {"start": "00:39:14", "end": "00:39:18", "text": "would argue that's what you want to see."}, {"start": "00:39:16", "end": "00:39:21", "text": "You want to see bullish formation setups"}, {"start": "00:39:18", "end": "00:39:23", "text": "forming in bearish price action. That's"}, {"start": "00:39:21", "end": "00:39:26", "text": "where you find your entries."}, {"start": "00:39:23", "end": "00:39:29", "text": ">> Absolutely. Absolutely. So you know"}, {"start": "00:39:26", "end": "00:39:34", "text": "shortly put I like around $8. I love"}, {"start": "00:39:29", "end": "00:39:36", "text": "seven, you know. Um, and really we are"}, {"start": "00:39:34", "end": "00:39:40", "text": "entering a time zone where I've seen the"}, {"start": "00:39:36", "end": "00:39:43", "text": "bare market flush out and I've seen a"}, {"start": "00:39:40", "end": "00:39:44", "text": "lot of the actual structural supports"}, {"start": "00:39:43", "end": "00:39:47", "text": "for these altcoins kind of show"}, {"start": "00:39:44", "end": "00:39:49", "text": "themselves over the past few months. So,"}, {"start": "00:39:47", "end": "00:39:50", "text": "we have a lot more data and I got a lot"}, {"start": "00:39:49", "end": "00:39:52", "text": "of tether on the sidelines that I'm"}, {"start": "00:39:50", "end": "00:39:55", "text": "going to be deploying over the next few"}, {"start": "00:39:52", "end": "00:39:57", "text": "months, but I am not going to get spread"}, {"start": "00:39:55", "end": "00:40:00", "text": "out amongst 20 or 30 projects. And that"}, {"start": "00:39:57", "end": "00:40:04", "text": "is one of the the bigger things that I"}, {"start": "00:40:00", "end": "00:40:08", "text": "see in our school is a highlight in a in"}, {"start": "00:40:04", "end": "00:40:10", "text": "a movement towards not losing"}, {"start": "00:40:08", "end": "00:40:12", "text": "our sleep, not losing our control of our"}, {"start": "00:40:10", "end": "00:40:14", "text": "lives because we have 50 different"}, {"start": "00:40:12", "end": "00:40:17", "text": "crypto projects in our portfolio that"}, {"start": "00:40:14", "end": "00:40:19", "text": "we're trying to keep up with. There is a"}, {"start": "00:40:17", "end": "00:40:21", "text": "peace of mind that comes from"}, {"start": "00:40:19", "end": "00:40:24", "text": "consolidating that down and actually"}, {"start": "00:40:21", "end": "00:40:27", "text": "coming up with a structure and a plan"}, {"start": "00:40:24", "end": "00:40:30", "text": "all devised about what the actual end"}, {"start": "00:40:27", "end": "00:40:32", "text": "result is aimed to be, right? Higher,"}, {"start": "00:40:30", "end": "00:40:34", "text": "you know, if you're trying to turn"}, {"start": "00:40:32", "end": "00:40:37", "text": "$1,000 into $100,000, honestly, you're"}, {"start": "00:40:34", "end": "00:40:39", "text": "going to have to go into the casino. Um,"}, {"start": "00:40:37", "end": "00:40:40", "text": "you know, but more conservative compound"}, {"start": "00:40:39", "end": "00:40:42", "text": "growth methods are the ones I've seen"}, {"start": "00:40:40", "end": "00:40:44", "text": "that work out more often than not. And"}, {"start": "00:40:42", "end": "00:40:46", "text": "that's what a lot of the chatter and a"}, {"start": "00:40:44", "end": "00:40:47", "text": "lot of the movements and the great"}, {"start": "00:40:46", "end": "00:40:51", "text": "discussions in our school are angled"}, {"start": "00:40:47", "end": "00:40:54", "text": "towards. Now, other stuff. Did you see"}, {"start": "00:40:51", "end": "00:40:55", "text": "the bonk news? Uh, Kelly, did you see"}, {"start": "00:40:54", "end": "00:40:56", "text": "what happened to Bonk?"}, {"start": "00:40:55", "end": "00:40:59", "text": ">> This is insane."}, {"start": "00:40:56", "end": "00:41:02", "text": ">> I want I want to just cover this. It It"}, {"start": "00:40:59", "end": "00:41:06", "text": "got bonked. So, someone stole $20"}, {"start": "00:41:02", "end": "00:41:09", "text": "million from Bonk's Dow in the stupidest"}, {"start": "00:41:06", "end": "00:41:11", "text": "and most democratic way possible. This"}, {"start": "00:41:09", "end": "00:41:14", "text": "is how it happened. The attacker bought"}, {"start": "00:41:11", "end": "00:41:16", "text": "$4 million in the Bonk token to gain"}, {"start": "00:41:14", "end": "00:41:19", "text": "voting power. With that power, they"}, {"start": "00:41:16", "end": "00:41:22", "text": "proposed and approved a malicious"}, {"start": "00:41:19", "end": "00:41:25", "text": "government governance proposal. The"}, {"start": "00:41:22", "end": "00:41:28", "text": "proposal was executed to send all of the"}, {"start": "00:41:25", "end": "00:41:30", "text": "20 million inbanc tokens from the Dow"}, {"start": "00:41:28", "end": "00:41:33", "text": "Treasury to a wallet that was controlled"}, {"start": "00:41:30", "end": "00:41:35", "text": "by this attacker."}, {"start": "00:41:33", "end": "00:41:37", "text": "So, he basically bought voting rights"}, {"start": "00:41:35", "end": "00:41:39", "text": "and then basically uh because he had the"}, {"start": "00:41:37", "end": "00:41:41", "text": "majority or whatever that could get it"}, {"start": "00:41:39", "end": "00:41:43", "text": "over the line, he basically voted to"}, {"start": "00:41:41", "end": "00:41:43", "text": "approve, hey, just send me all your"}, {"start": "00:41:43", "end": "00:41:46", "text": "money."}, {"start": "00:41:43", "end": "00:41:48", "text": ">> Yeah, absolutely. I mean, this is it's"}, {"start": "00:41:46", "end": "00:41:48", "text": "kind of like the US government election"}, {"start": "00:41:48", "end": "00:41:50", "text": "system."}, {"start": "00:41:48", "end": "00:41:52", "text": ">> That's exactly what I was going to say."}, {"start": "00:41:50", "end": "00:41:54", "text": ">> You know, it's a little similar, you"}, {"start": "00:41:52", "end": "00:41:57", "text": "know, not going to not going to try to"}, {"start": "00:41:54", "end": "00:42:00", "text": "uh pad that over, but this caused bon"}, {"start": "00:41:57", "end": "00:42:02", "text": "price to drop around 18% quickly. Uh"}, {"start": "00:42:00", "end": "00:42:04", "text": "this is the proposal. The proposal"}, {"start": "00:42:02", "end": "00:42:06", "text": "authorized the transfer of the Dow's"}, {"start": "00:42:04", "end": "00:42:08", "text": "treasury, $20 million in tokens to a"}, {"start": "00:42:06", "end": "00:42:11", "text": "wallet controlled by this attacker."}, {"start": "00:42:08", "end": "00:42:13", "text": "Absolutely insane. And it's also crazy"}, {"start": "00:42:11", "end": "00:42:16", "text": "that no one bothered to check in on the"}, {"start": "00:42:13", "end": "00:42:18", "text": "bonk DO governance and make their own"}, {"start": "00:42:16", "end": "00:42:20", "text": "vote. He did this in the doldrums. And"}, {"start": "00:42:18", "end": "00:42:23", "text": "this is what happens when people don't"}, {"start": "00:42:20", "end": "00:42:25", "text": "pay attention in bare markets. Things"}, {"start": "00:42:23", "end": "00:42:27", "text": "like this can happen overnight. Right"}, {"start": "00:42:25", "end": "00:42:30", "text": "now, someone is yelling at me that I"}, {"start": "00:42:27", "end": "00:42:32", "text": "didn't cover Cardano. We did cover"}, {"start": "00:42:30", "end": "00:42:35", "text": "Cardano on its cascade. I told you 15"}, {"start": "00:42:32", "end": "00:42:38", "text": "cents was likely what it hit like 13 14"}, {"start": "00:42:35", "end": "00:42:40", "text": "cents and it's b bounced back. TJ even"}, {"start": "00:42:38", "end": "00:42:43", "text": "said while he was on the show this is"}, {"start": "00:42:40", "end": "00:42:44", "text": "what bottoms look like specifically"}, {"start": "00:42:43", "end": "00:42:47", "text": "talking about Cardano. I think it was"}, {"start": "00:42:44", "end": "00:42:50", "text": "like three or four days ago. Now this is"}, {"start": "00:42:47", "end": "00:42:53", "text": "happening. Cardano holders coming back."}, {"start": "00:42:50", "end": "00:42:56", "text": "Cardono added nearly 15,000 non-MPY"}, {"start": "00:42:53", "end": "00:42:58", "text": "wallets since the June 23rd bottom while"}, {"start": "00:42:56", "end": "00:43:01", "text": "the price pushed back towards 20 cents"}, {"start": "00:42:58", "end": "00:43:04", "text": "after 35% rebound from late June lows."}, {"start": "00:43:01", "end": "00:43:07", "text": "Bounce comes after peak FUD hit the"}, {"start": "00:43:04", "end": "00:43:11", "text": "Cardono community and ADA traded near"}, {"start": "00:43:07", "end": "00:43:13", "text": "2020 levels. Oh my god. Uh as the e the"}, {"start": "00:43:11", "end": "00:43:17", "text": "ecosystem criticisms kind of gained"}, {"start": "00:43:13", "end": "00:43:20", "text": "steam. Now it's a main thing to watch."}, {"start": "00:43:17", "end": "00:43:23", "text": "20 cents is probably acting as a very"}, {"start": "00:43:20", "end": "00:43:24", "text": "vicious resistance level for Cardono."}, {"start": "00:43:23", "end": "00:43:26", "text": "I'm just going to go hop to Cardono and"}, {"start": "00:43:24", "end": "00:43:28", "text": "just verify that. I will be very"}, {"start": "00:43:26", "end": "00:43:31", "text": "impressed if we're over 20 cents. So,"}, {"start": "00:43:28", "end": "00:43:35", "text": "we're back to 17."}, {"start": "00:43:31", "end": "00:43:38", "text": "And where did it peek out? Jeez."}, {"start": "00:43:35", "end": "00:43:43", "text": "Nailed it. Look at this. Just shooting"}, {"start": "00:43:38", "end": "00:43:46", "text": "from the hip. Damn, I'm good. So 19 uh"}, {"start": "00:43:43", "end": "00:43:48", "text": "19.95 cents is where it got to."}, {"start": "00:43:46", "end": "00:43:51", "text": "Generally speaking though, this is what"}, {"start": "00:43:48", "end": "00:43:54", "text": "bottoms look like. Um Cardono people,"}, {"start": "00:43:51", "end": "00:43:56", "text": "they have a gang. They're very smart,"}, {"start": "00:43:54", "end": "00:43:57", "text": "you know, but they are a gang and they"}, {"start": "00:43:56", "end": "00:44:01", "text": "have knives probably and they're going"}, {"start": "00:43:57", "end": "00:44:04", "text": "to defend this uh 15 cent region with"}, {"start": "00:44:01", "end": "00:44:07", "text": "their lives. So, you know, the upside"}, {"start": "00:44:04", "end": "00:44:08", "text": "potential of Cardano from these, like"}, {"start": "00:44:07", "end": "00:44:10", "text": "it's honestly not a horrible"}, {"start": "00:44:08", "end": "00:44:13", "text": "riskto-reward"}, {"start": "00:44:10", "end": "00:44:16", "text": "if you're someone fresh looking for, you"}, {"start": "00:44:13", "end": "00:44:18", "text": "know, if you got fresh Tether and I'm"}, {"start": "00:44:16", "end": "00:44:21", "text": "looking for risk-to-reward opportunities"}, {"start": "00:44:18", "end": "00:44:23", "text": "in these alts, you know, a flush down"}, {"start": "00:44:21", "end": "00:44:25", "text": "and maybe just some more pain in the"}, {"start": "00:44:23", "end": "00:44:27", "text": "next few months. If I could see this"}, {"start": "00:44:25", "end": "00:44:29", "text": "thing visit 10 cents, I'm going to buy"}, {"start": "00:44:27", "end": "00:44:32", "text": "some. I'm gonna buy some if it goes to"}, {"start": "00:44:29", "end": "00:44:35", "text": "10 cents because the risk-to-reward even"}, {"start": "00:44:32", "end": "00:44:36", "text": "on a barely a a fake pump into the"}, {"start": "00:44:35", "end": "00:44:41", "text": "middle of this volume zone here is"}, {"start": "00:44:36", "end": "00:44:44", "text": "nearly a 3x or 300% gain uh about 276%"}, {"start": "00:44:41", "end": "00:44:47", "text": "if it can reclaim about 42 cents a"}, {"start": "00:44:44", "end": "00:44:49", "text": "piece. So me being a risky biscuit, I"}, {"start": "00:44:47", "end": "00:44:52", "text": "see that this community is not going to"}, {"start": "00:44:49", "end": "00:44:55", "text": "give up and they actually have more"}, {"start": "00:44:52", "end": "00:44:58", "text": "structure on the price than let's say a"}, {"start": "00:44:55", "end": "00:45:00", "text": "hexagon, right? So, I don't hate it. You"}, {"start": "00:44:58", "end": "00:45:02", "text": "know, they're defending it. Fine. You"}, {"start": "00:45:00", "end": "00:45:04", "text": "know, we'll I'll pay attention to it. If"}, {"start": "00:45:02", "end": "00:45:06", "text": "it hits 10 cents, I might pat out my"}, {"start": "00:45:04", "end": "00:45:08", "text": "bags. But Near Protocol is doing"}, {"start": "00:45:06", "end": "00:45:11", "text": "something interesting."}, {"start": "00:45:08", "end": "00:45:14", "text": "Near is proposing a fixed supply with no"}, {"start": "00:45:11", "end": "00:45:17", "text": "inflation and a hard cap like Bitcoin."}, {"start": "00:45:14", "end": "00:45:20", "text": "Around 2.4% new tokens are minted each"}, {"start": "00:45:17", "end": "00:45:22", "text": "year, similar to Ethereum to pay"}, {"start": "00:45:20", "end": "00:45:24", "text": "validators. If this proposal for near is"}, {"start": "00:45:22", "end": "00:45:27", "text": "approved, there will be no more new"}, {"start": "00:45:24", "end": "00:45:30", "text": "token minting. validators will be paid"}, {"start": "00:45:27", "end": "00:45:32", "text": "from real revenue proposals approved."}, {"start": "00:45:30", "end": "00:45:33", "text": "This could be a very bullish catalyst"}, {"start": "00:45:32", "end": "00:45:37", "text": "for the tokconomic changes to near. Now"}, {"start": "00:45:33", "end": "00:45:40", "text": "this on top of near staying integrated"}, {"start": "00:45:37", "end": "00:45:42", "text": "into the AI zeitgeist, the AI uh"}, {"start": "00:45:40", "end": "00:45:44", "text": "infrastructure,"}, {"start": "00:45:42", "end": "00:45:46", "text": "you know, I I think this actually might"}, {"start": "00:45:44", "end": "00:45:48", "text": "go really really well for NE. I don't"}, {"start": "00:45:46", "end": "00:45:50", "text": "hold near right now, but I want this"}, {"start": "00:45:48", "end": "00:45:52", "text": "proposal to move forward because I like"}, {"start": "00:45:50", "end": "00:45:55", "text": "pressure being added and less inflation"}, {"start": "00:45:52", "end": "00:45:57", "text": "happening to strong projects. It's a"}, {"start": "00:45:55", "end": "00:46:00", "text": "very very good thing. So, looking at"}, {"start": "00:45:57", "end": "00:46:04", "text": "this, I also want to check out uh Tao."}, {"start": "00:46:00", "end": "00:46:06", "text": "Where is Tao at? Tensor Tow. Yeah, we're"}, {"start": "00:46:04", "end": "00:46:08", "text": "still sitting. I mean, this is just"}, {"start": "00:46:06", "end": "00:46:11", "text": "fine. This is just fine and dandy for"}, {"start": "00:46:08", "end": "00:46:13", "text": "me. I don't hate this. You know, if we"}, {"start": "00:46:11", "end": "00:46:17", "text": "keep grinding down, maybe we go tap that"}, {"start": "00:46:13", "end": "00:46:19", "text": "$100 zone. Um, AI direct projects are"}, {"start": "00:46:17", "end": "00:46:22", "text": "strong though. AI direct projects are"}, {"start": "00:46:19", "end": "00:46:24", "text": "strong. I like it. I like it a lot. Now"}, {"start": "00:46:22", "end": "00:46:28", "text": "a asking about a I talked about some of"}, {"start": "00:46:24", "end": "00:46:30", "text": "the revenue metrics of a and the TVL."}, {"start": "00:46:28", "end": "00:46:34", "text": "Let's go look at the price. I think it"}, {"start": "00:46:30", "end": "00:46:35", "text": "was around 90 cent 90 bucks here."}, {"start": "00:46:34", "end": "00:46:38", "text": "A"}, {"start": "00:46:35", "end": "00:46:39", "text": "Okay, let's actually pull up some uh"}, {"start": "00:46:38", "end": "00:46:42", "text": "some deeper information."}, {"start": "00:46:39", "end": "00:46:42", "text": ">> Dude, Drew, look at that chart."}, {"start": "00:46:42", "end": "00:46:45", "text": ">> Yeah,"}, {"start": "00:46:42", "end": "00:46:46", "text": ">> look at that chart. This is where in"}, {"start": "00:46:45", "end": "00:46:48", "text": "that type of chart right there, this is"}, {"start": "00:46:46", "end": "00:46:49", "text": "where everybody is peak frustrated"}, {"start": "00:46:48", "end": "00:46:50", "text": "because it's low"}, {"start": "00:46:49", "end": "00:46:53", "text": ">> and it's the opposite. But Mark Yus"}, {"start": "00:46:50", "end": "00:46:54", "text": "Yusco says it best. Uh there's no other"}, {"start": "00:46:53", "end": "00:46:57", "text": "market in the world, you know, you see"}, {"start": "00:46:54", "end": "00:46:59", "text": "Black Friday, you know, sales, uh people"}, {"start": "00:46:57", "end": "00:47:01", "text": "run over each other trying to get into a"}, {"start": "00:46:59", "end": "00:47:04", "text": "store to get a cheaper TV. Yet in"}, {"start": "00:47:01", "end": "00:47:06", "text": "financial markets when assets that have"}, {"start": "00:47:04", "end": "00:47:09", "text": "incredible amount of of of building"}, {"start": "00:47:06", "end": "00:47:12", "text": "going on, fundamentals growth, uh a road"}, {"start": "00:47:09", "end": "00:47:14", "text": "map moving forward, uh that shows how"}, {"start": "00:47:12", "end": "00:47:16", "text": "early it is in terms of the adoption,"}, {"start": "00:47:14", "end": "00:47:18", "text": "but also real metrics that are showing"}, {"start": "00:47:16", "end": "00:47:20", "text": "there's real fundamental growth. So,"}, {"start": "00:47:18", "end": "00:47:23", "text": "it's not going anywhere. This is the"}, {"start": "00:47:20", "end": "00:47:24", "text": "type of chart I like to see that is, you"}, {"start": "00:47:23", "end": "00:47:26", "text": "know, if you're if you were excited"}, {"start": "00:47:24", "end": "00:47:28", "text": "about it when they're at the highs and"}, {"start": "00:47:26", "end": "00:47:30", "text": "they've only grown on the fundamental"}, {"start": "00:47:28", "end": "00:47:32", "text": "level since then, but the price is low,"}, {"start": "00:47:30", "end": "00:47:34", "text": "this should make this should turn you"}, {"start": "00:47:32", "end": "00:47:35", "text": "on. Whether it's Cardano, whether it's a"}, {"start": "00:47:34", "end": "00:47:39", "text": "whether it's Ethereum, whether it's"}, {"start": "00:47:35", "end": "00:47:41", "text": "Bitcoin, this is where markets get to a"}, {"start": "00:47:39", "end": "00:47:43", "text": "point where you get peak frustrated. And"}, {"start": "00:47:41", "end": "00:47:44", "text": "I'm sorry to say to everybody watching,"}, {"start": "00:47:43", "end": "00:47:46", "text": "you're not different than everybody else"}, {"start": "00:47:44", "end": "00:47:49", "text": "that's in the market. You are retail,"}, {"start": "00:47:46", "end": "00:47:51", "text": "too. you are subject to all the retail"}, {"start": "00:47:49", "end": "00:47:52", "text": "emotions that everybody else is feeling."}, {"start": "00:47:51", "end": "00:47:53", "text": "So, if you're like, you know what, I'm"}, {"start": "00:47:52", "end": "00:47:55", "text": "just going to cut the cord. I'm going to"}, {"start": "00:47:53", "end": "00:47:56", "text": "get out. If you've been holding since"}, {"start": "00:47:55", "end": "00:47:58", "text": "the high, you're a dumbass for getting"}, {"start": "00:47:56", "end": "00:48:00", "text": "out here. That's what that's what I"}, {"start": "00:47:58", "end": "00:48:02", "text": "would say. If it's your only asset and"}, {"start": "00:48:00", "end": "00:48:04", "text": "you need to pay rent, then that's also"}, {"start": "00:48:02", "end": "00:48:06", "text": "poor management of what you're doing in"}, {"start": "00:48:04", "end": "00:48:08", "text": "your portfolio. Now, if you have a"}, {"start": "00:48:06", "end": "00:48:09", "text": "basket of altcoins and Bitcoin and some"}, {"start": "00:48:08", "end": "00:48:12", "text": "other things and you've been holding"}, {"start": "00:48:09", "end": "00:48:14", "text": "since the high, this is where you add or"}, {"start": "00:48:12", "end": "00:48:16", "text": "just be patient. If you're adding,"}, {"start": "00:48:14", "end": "00:48:17", "text": "you're lowering your average entry. So,"}, {"start": "00:48:16", "end": "00:48:19", "text": "it doesn't need to go anywhere near as"}, {"start": "00:48:17", "end": "00:48:21", "text": "high for you to get back to even and"}, {"start": "00:48:19", "end": "00:48:25", "text": "then be back in the profit. So, this is"}, {"start": "00:48:21", "end": "00:48:26", "text": "why patience and DCA strategies at lows"}, {"start": "00:48:25", "end": "00:48:29", "text": "are so important."}, {"start": "00:48:26", "end": "00:48:32", "text": ">> Yeah. And I'm just I'm reading the chart"}, {"start": "00:48:29", "end": "00:48:36", "text": "right now. um like the RSI on the"}, {"start": "00:48:32", "end": "00:48:38", "text": "weekly, it's likely to do some chop and"}, {"start": "00:48:36", "end": "00:48:41", "text": "develop its own bullish divergence over"}, {"start": "00:48:38", "end": "00:48:44", "text": "the next few months here. If this were"}, {"start": "00:48:41", "end": "00:48:46", "text": "to occur where you see the RSI, you"}, {"start": "00:48:44", "end": "00:48:48", "text": "know, the moving average of it pull back"}, {"start": "00:48:46", "end": "00:48:51", "text": "and the base floor of it create that"}, {"start": "00:48:48", "end": "00:48:53", "text": "bullish divergence, that would give the"}, {"start": "00:48:51", "end": "00:48:57", "text": "price the ability to go vibe check this"}, {"start": "00:48:53", "end": "00:49:00", "text": "uh liquidity pocket here at the $65, $70"}, {"start": "00:48:57", "end": "00:49:01", "text": "mark. And I like that. I like that and"}, {"start": "00:49:00", "end": "00:49:04", "text": "it's not too far away from it right now."}, {"start": "00:49:01", "end": "00:49:06", "text": "It's like 90 bucks. But, you know, this"}, {"start": "00:49:04", "end": "00:49:08", "text": "is kind of what I'm expecting to see on"}, {"start": "00:49:06", "end": "00:49:10", "text": "a over the next few months. I do expect"}, {"start": "00:49:08", "end": "00:49:12", "text": "chop and I do expect, you know,"}, {"start": "00:49:10", "end": "00:49:14", "text": "opportunities to still be on the table,"}, {"start": "00:49:12", "end": "00:49:17", "text": "but there is something we have to take"}, {"start": "00:49:14", "end": "00:49:20", "text": "into account is that Bitcoin hit an"}, {"start": "00:49:17", "end": "00:49:22", "text": "all-time high ahead of schedule, ahead"}, {"start": "00:49:20", "end": "00:49:24", "text": "of the four-year cycle schedule once"}, {"start": "00:49:22", "end": "00:49:27", "text": "ETFs got involved. Now that institutions"}, {"start": "00:49:24", "end": "00:49:30", "text": "are involved, there is a lot of chaos"}, {"start": "00:49:27", "end": "00:49:32", "text": "theory and a few variables that we have"}, {"start": "00:49:30", "end": "00:49:33", "text": "to take into account for understanding"}, {"start": "00:49:32", "end": "00:49:36", "text": "the timing of how these markets can"}, {"start": "00:49:33", "end": "00:49:39", "text": "actually move. Now, that being said,"}, {"start": "00:49:36", "end": "00:49:41", "text": "this season, you know, from here and all"}, {"start": "00:49:39", "end": "00:49:43", "text": "the way up till the end of the year is"}, {"start": "00:49:41", "end": "00:49:46", "text": "where I'm going to be pressing the green"}, {"start": "00:49:43", "end": "00:49:48", "text": "button rather than the red button. And"}, {"start": "00:49:46", "end": "00:49:50", "text": "right now, a is looking pretty primed"}, {"start": "00:49:48", "end": "00:49:51", "text": "for some good entry points. as long as"}, {"start": "00:49:50", "end": "00:49:55", "text": "you know where it really starts breaking"}, {"start": "00:49:51", "end": "00:49:57", "text": "out is if we see a break that $100 mark."}, {"start": "00:49:55", "end": "00:49:59", "text": ">> $100 not only psychological but they if"}, {"start": "00:49:57", "end": "00:50:01", "text": "it can break above a lot of this"}, {"start": "00:49:59", "end": "00:50:04", "text": "lowerend liquidity and start making a"}, {"start": "00:50:01", "end": "00:50:06", "text": "move back to the mid 100s that's where"}, {"start": "00:50:04", "end": "00:50:08", "text": "you see the real breakout part chart uh"}, {"start": "00:50:06", "end": "00:50:10", "text": "kind of play out. And that Bitcoin"}, {"start": "00:50:08", "end": "00:50:12", "text": "dominance chart you you showed me kind"}, {"start": "00:50:10", "end": "00:50:14", "text": "of terrifies me that we might be uh"}, {"start": "00:50:12", "end": "00:50:15", "text": "seeing this quicker than I'd like to"}, {"start": "00:50:14", "end": "00:50:17", "text": "see. Kelly, I mean I got to say that"}, {"start": "00:50:15", "end": "00:50:19", "text": "Bitcoin dominance chart looks like it's"}, {"start": "00:50:17", "end": "00:50:21", "text": "about to crash. Uh"}, {"start": "00:50:19", "end": "00:50:23", "text": ">> well, I mean, and remember everybody, if"}, {"start": "00:50:21", "end": "00:50:25", "text": "Bitcoin dominance crashing doesn't mean"}, {"start": "00:50:23", "end": "00:50:26", "text": "Bitcoin's performing poorly. In fact,"}, {"start": "00:50:25", "end": "00:50:28", "text": "it's probably the opposite. It means"}, {"start": "00:50:26", "end": "00:50:30", "text": "Bitcoin that means Bitcoin is starting"}, {"start": "00:50:28", "end": "00:50:32", "text": "to perform well uh or has been"}, {"start": "00:50:30", "end": "00:50:35", "text": "performing well. So, that means there's"}, {"start": "00:50:32", "end": "00:50:36", "text": "something coming as well as uh risk"}, {"start": "00:50:35", "end": "00:50:39", "text": "coming back into the market. So, the"}, {"start": "00:50:36", "end": "00:50:41", "text": "smaller market cap coins start growing"}, {"start": "00:50:39", "end": "00:50:43", "text": "more ferociously because it's easier to"}, {"start": "00:50:41", "end": "00:50:45", "text": "move. It's easier to move a toy boat"}, {"start": "00:50:43", "end": "00:50:46", "text": "than it is an, you know, an oil tanker"}, {"start": "00:50:45", "end": "00:50:48", "text": "because there's less mass. There's"}, {"start": "00:50:46", "end": "00:50:49", "text": "energy mass. But I I do want to"}, {"start": "00:50:48", "end": "00:50:52", "text": "highlight something. Even though we're"}, {"start": "00:50:49", "end": "00:50:53", "text": "talking about uh altcoins, let's get"}, {"start": "00:50:52", "end": "00:50:55", "text": "back to Bitcoin for just a second"}, {"start": "00:50:53", "end": "00:50:56", "text": "because there's there's about three or"}, {"start": "00:50:55", "end": "00:50:58", "text": "four charts I really want to highlight"}, {"start": "00:50:56", "end": "00:50:59", "text": "here because this is going to directly"}, {"start": "00:50:58", "end": "00:51:01", "text": "impact what we're seeing in the altcoin"}, {"start": "00:50:59", "end": "00:51:03", "text": "market. Look at what price is at right"}, {"start": "00:51:01", "end": "00:51:05", "text": "now under these two key moving averages."}, {"start": "00:51:03", "end": "00:51:07", "text": "Where where has this done this before?"}, {"start": "00:51:05", "end": "00:51:10", "text": "Under the key moving averages, under the"}, {"start": "00:51:07", "end": "00:51:12", "text": "key move, look at this very brief"}, {"start": "00:51:10", "end": "00:51:15", "text": "absolute slingshot from there. This was"}, {"start": "00:51:12", "end": "00:51:18", "text": "that low in 2018 down into 2019."}, {"start": "00:51:15", "end": "00:51:20", "text": "slingshot from there uh back here in"}, {"start": "00:51:18", "end": "00:51:23", "text": "2015 before the 2016 all the way through"}, {"start": "00:51:20", "end": "00:51:25", "text": "2017 runup. We're in an opportunity zone"}, {"start": "00:51:23", "end": "00:51:28", "text": "here. This could be one month, three"}, {"start": "00:51:25", "end": "00:51:30", "text": "months, or even 9 to 12 months. There's"}, {"start": "00:51:28", "end": "00:51:32", "text": "no telling what's going to happen right"}, {"start": "00:51:30", "end": "00:51:33", "text": "now because we are kind of in a chaotic"}, {"start": "00:51:32", "end": "00:51:35", "text": "reshaping of the world. But when you"}, {"start": "00:51:33", "end": "00:51:37", "text": "look a little bit further and you"}, {"start": "00:51:35", "end": "00:51:40", "text": "realize supply and profit, well, what"}, {"start": "00:51:37", "end": "00:51:41", "text": "does this correlate to this low? Well,"}, {"start": "00:51:40", "end": "00:51:43", "text": "what was it? What did the price do when"}, {"start": "00:51:41", "end": "00:51:45", "text": "we had a low before? Oh, that was a"}, {"start": "00:51:43", "end": "00:51:46", "text": "bottom FGX crash. What do we do with"}, {"start": "00:51:45", "end": "00:51:49", "text": "this low? Oh, that was a co crash"}, {"start": "00:51:46", "end": "00:51:51", "text": "slingshot. This was a 2018. Look at it."}, {"start": "00:51:49", "end": "00:51:53", "text": "I mean, we're in the same territory that"}, {"start": "00:51:51", "end": "00:51:55", "text": "has marked a bottom. And then you"}, {"start": "00:51:53", "end": "00:51:57", "text": "realize we're compressing right into a"}, {"start": "00:51:55", "end": "00:51:59", "text": "zone. And remember, uh, last week I"}, {"start": "00:51:57", "end": "00:52:02", "text": "talked about price even as bullish as I"}, {"start": "00:51:59", "end": "00:52:05", "text": "am. There is a reason why there could be"}, {"start": "00:52:02", "end": "00:52:07", "text": "a move down into this territory. This"}, {"start": "00:52:05", "end": "00:52:09", "text": "marked the bot. Oh, we're at the bottom."}, {"start": "00:52:07", "end": "00:52:12", "text": "No, one more flash slingshot. So, we"}, {"start": "00:52:09", "end": "00:52:14", "text": "have kind of this patience play. this"}, {"start": "00:52:12", "end": "00:52:17", "text": "down, this better price action is not"}, {"start": "00:52:14", "end": "00:52:20", "text": "guaranteed. We're in the zone here where"}, {"start": "00:52:17", "end": "00:52:21", "text": "it is a good DCA opportunity before the"}, {"start": "00:52:20", "end": "00:52:24", "text": "next move to the upside. And then the"}, {"start": "00:52:21", "end": "00:52:25", "text": "last chart I'll show is this. We talk"}, {"start": "00:52:24", "end": "00:52:27", "text": "about money flow a lot, market cipher,"}, {"start": "00:52:25", "end": "00:52:29", "text": "money flow on price action. Well, here's"}, {"start": "00:52:27", "end": "00:52:32", "text": "a more comprehensive look. Capital flow."}, {"start": "00:52:29", "end": "00:52:34", "text": "This is essentially money flow on a on a"}, {"start": "00:52:32", "end": "00:52:36", "text": "on a broader scale. And what do we see?"}, {"start": "00:52:34", "end": "00:52:39", "text": "We've had this negative money flow come"}, {"start": "00:52:36", "end": "00:52:41", "text": "down similar to here. Now, this was"}, {"start": "00:52:39", "end": "00:52:43", "text": "absolute massive wash out. But what"}, {"start": "00:52:41", "end": "00:52:46", "text": "what's different here than here? This"}, {"start": "00:52:43", "end": "00:52:48", "text": "was cascading failures of major"}, {"start": "00:52:46", "end": "00:52:51", "text": "financial Bitcoin financial institutions"}, {"start": "00:52:48", "end": "00:52:54", "text": "across the entire ecosystem that ended"}, {"start": "00:52:51", "end": "00:52:56", "text": "in that FTX cataclysm right here. A lot"}, {"start": "00:52:54", "end": "00:52:58", "text": "of fear. Uh but also what we saw 2018"}, {"start": "00:52:56", "end": "00:53:01", "text": "into 2019. The point here is we're"}, {"start": "00:52:58", "end": "00:53:04", "text": "seeing this sort of this oscillation up"}, {"start": "00:53:01", "end": "00:53:06", "text": "and then back down and then up. This"}, {"start": "00:53:04", "end": "00:53:08", "text": "wave it's like a sine wave, right? We're"}, {"start": "00:53:06", "end": "00:53:10", "text": "similarly we got the wave to the"}, {"start": "00:53:08", "end": "00:53:13", "text": "downside. this is looking like it wants"}, {"start": "00:53:10", "end": "00:53:15", "text": "to swing back to the upside. So, I I"}, {"start": "00:53:13", "end": "00:53:18", "text": "think really honestly patience here uh"}, {"start": "00:53:15", "end": "00:53:20", "text": "and just calculated moves. You don't"}, {"start": "00:53:18", "end": "00:53:23", "text": "need to do all buys today. In fact, I"}, {"start": "00:53:20", "end": "00:53:28", "text": "would advise against that. But we're in"}, {"start": "00:53:23", "end": "00:53:30", "text": "that opportunity zone before this part."}, {"start": "00:53:28", "end": "00:53:32", "text": "This is fun to ride when you've been"}, {"start": "00:53:30", "end": "00:53:35", "text": "stacking down here when everybody else"}, {"start": "00:53:32", "end": "00:53:37", "text": "is scared. Mhm. Mhm. Well, you know, I"}, {"start": "00:53:35", "end": "00:53:38", "text": "see the chat here and then drop me you"}, {"start": "00:53:37", "end": "00:53:43", "text": "guys what you're thinking about buying."}, {"start": "00:53:38", "end": "00:53:46", "text": "I see uh Tyler is buying Circle now."}, {"start": "00:53:43", "end": "00:53:49", "text": "Circle major major stable coin issuer"}, {"start": "00:53:46", "end": "00:53:51", "text": "and probably one of the preferred uh you"}, {"start": "00:53:49", "end": "00:53:54", "text": "know kind of stable coin options for the"}, {"start": "00:53:51", "end": "00:53:57", "text": "US crypto takeover. And this chart for"}, {"start": "00:53:54", "end": "00:53:58", "text": "the circle stock looks absolutely"}, {"start": "00:53:57", "end": "00:54:02", "text": "delicious. I mean this is literally"}, {"start": "00:53:58", "end": "00:54:04", "text": "where it came out at at $65. But let let"}, {"start": "00:54:02", "end": "00:54:04", "text": "me ask you a question though, Drew."}, {"start": "00:54:04", "end": "00:54:07", "text": ">> Yeah."}, {"start": "00:54:04", "end": "00:54:09", "text": ">> Does it change your idea? I mean, even"}, {"start": "00:54:07", "end": "00:54:11", "text": "though that chart does it's kind of like"}, {"start": "00:54:09", "end": "00:54:13", "text": "looking like bottoming territory, and"}, {"start": "00:54:11", "end": "00:54:14", "text": "I'm not saying this is or isn't the"}, {"start": "00:54:13", "end": "00:54:16", "text": "case, but"}, {"start": "00:54:14", "end": "00:54:18", "text": ">> does it change your thoughts on this?"}, {"start": "00:54:16", "end": "00:54:21", "text": "Also, considering remember last week"}, {"start": "00:54:18", "end": "00:54:22", "text": "when you highlighted the the expost that"}, {"start": "00:54:21", "end": "00:54:25", "text": "listed all the stable coins and it was"}, {"start": "00:54:22", "end": "00:54:26", "text": "like two paragraphs long of how many"}, {"start": "00:54:25", "end": "00:54:28", "text": "stable coins are out there in that sort"}, {"start": "00:54:26", "end": "00:54:31", "text": "of competitive landscape. Now, does it"}, {"start": "00:54:28", "end": "00:54:34", "text": "change or dilute your your your idea"}, {"start": "00:54:31", "end": "00:54:36", "text": "about what this can do now that there's"}, {"start": "00:54:34", "end": "00:54:39", "text": "so many stable coin competitors?"}, {"start": "00:54:36", "end": "00:54:41", "text": ">> I think first mover advantage um"}, {"start": "00:54:39", "end": "00:54:43", "text": "definitely plays into Tether and"}, {"start": "00:54:41", "end": "00:54:45", "text": "Circle's dominance. You know, there's"}, {"start": "00:54:43", "end": "00:54:48", "text": "going to be a lot of options obviously,"}, {"start": "00:54:45", "end": "00:54:52", "text": "but I think first mover advantage"}, {"start": "00:54:48", "end": "00:54:55", "text": "just from a speculator standpoint on"}, {"start": "00:54:52", "end": "00:54:58", "text": "Circle because this is a a Wall Street"}, {"start": "00:54:55", "end": "00:55:01", "text": "bought uh stock option on a stable coin"}, {"start": "00:54:58", "end": "00:55:03", "text": "company. Crypto has been beaten down and"}, {"start": "00:55:01", "end": "00:55:06", "text": "all the stock attention is on"}, {"start": "00:55:03", "end": "00:55:09", "text": "semiconductor. All the stock attention"}, {"start": "00:55:06", "end": "00:55:12", "text": "is on AI stuff. No one's looking at this"}, {"start": "00:55:09", "end": "00:55:14", "text": "chart and"}, {"start": "00:55:12", "end": "00:55:16", "text": "Honestly, the risk-to-reward on this is"}, {"start": "00:55:14", "end": "00:55:19", "text": "insane. Like, it doesn't even have to"}, {"start": "00:55:16", "end": "00:55:21", "text": "breach all-time highs. All I have to do"}, {"start": "00:55:19", "end": "00:55:24", "text": "for my if I can, you know, make a stock"}, {"start": "00:55:21", "end": "00:55:26", "text": "move for 131% gain over the course of a"}, {"start": "00:55:24", "end": "00:55:29", "text": "year, that's great. That's what people"}, {"start": "00:55:26", "end": "00:55:33", "text": "brag about. You know what I mean? So, I"}, {"start": "00:55:29", "end": "00:55:35", "text": "like this diversification. Um, and in"}, {"start": "00:55:33", "end": "00:55:37", "text": "this school, you know, I'm I have a"}, {"start": "00:55:35", "end": "00:55:38", "text": "whole list of stocks that I've been"}, {"start": "00:55:37", "end": "00:55:40", "text": "holding and buying in different buy"}, {"start": "00:55:38", "end": "00:55:42", "text": "zones. I'm going to be posting those"}, {"start": "00:55:40", "end": "00:55:45", "text": "along with John Dalton in our school."}, {"start": "00:55:42", "end": "00:55:47", "text": "John is one of my favorite stock"}, {"start": "00:55:45", "end": "00:55:48", "text": "analysts out there. I mean, he has"}, {"start": "00:55:47", "end": "00:55:51", "text": "really, really good stock picks. But"}, {"start": "00:55:48", "end": "00:55:53", "text": "just this chart, I think Circle has a"}, {"start": "00:55:51", "end": "00:55:55", "text": "strong first mover advantage and a"}, {"start": "00:55:53", "end": "00:55:58", "text": "preferential treatment from US"}, {"start": "00:55:55", "end": "00:56:01", "text": "government implementing it on a monetary"}, {"start": "00:55:58", "end": "00:56:04", "text": "system basis. So, that's kind of what I"}, {"start": "00:56:01", "end": "00:56:06", "text": "feel on on Circle. Um, just looking at"}, {"start": "00:56:04", "end": "00:56:07", "text": "this chart here right now, but Tether's"}, {"start": "00:56:06", "end": "00:56:10", "text": "got its own good things being the"}, {"start": "00:56:07", "end": "00:56:12", "text": "Treasury buyer, you know, US debt buyer,"}, {"start": "00:56:10", "end": "00:56:14", "text": "you know, obviously, you know, the US"}, {"start": "00:56:12", "end": "00:56:17", "text": "government likes that side of it, too."}, {"start": "00:56:14", "end": "00:56:20", "text": "And I saw some messages here in the chat"}, {"start": "00:56:17", "end": "00:56:24", "text": "about more oil tankers or more ships"}, {"start": "00:56:20", "end": "00:56:26", "text": "being hit uh out there in the straight."}, {"start": "00:56:24", "end": "00:56:29", "text": "Royal doesn't care, honestly. Like I"}, {"start": "00:56:26", "end": "00:56:32", "text": "mean we're sitting here at 73 bucks a"}, {"start": "00:56:29", "end": "00:56:36", "text": "barrel for Brent and this has been a"}, {"start": "00:56:32", "end": "00:56:39", "text": "complete reset, right? Um there are"}, {"start": "00:56:36", "end": "00:56:42", "text": "monetary triggers and mechanisms that"}, {"start": "00:56:39", "end": "00:56:45", "text": "defended this price from cascading up"}, {"start": "00:56:42", "end": "00:56:46", "text": "past 120 bucks, right? there's a"}, {"start": "00:56:45", "end": "00:56:50", "text": "infrastructural"}, {"start": "00:56:46", "end": "00:56:51", "text": "systemic and societal"}, {"start": "00:56:50", "end": "00:56:54", "text": "I don't know how to say this the right"}, {"start": "00:56:51", "end": "00:56:59", "text": "way but basically manipulation of this"}, {"start": "00:56:54", "end": "00:57:02", "text": "oil price to keep it under $120. So you"}, {"start": "00:56:59", "end": "00:57:04", "text": "know I'm no long I'm not concerned about"}, {"start": "00:57:02", "end": "00:57:06", "text": "who farted in Pakistan. I don't care"}, {"start": "00:57:04", "end": "00:57:10", "text": "about all this crap that's going on with"}, {"start": "00:57:06", "end": "00:57:12", "text": "the you know the Gulf of or the Strait"}, {"start": "00:57:10", "end": "00:57:15", "text": "Hermus. It just shows that we're weak,"}, {"start": "00:57:12", "end": "00:57:17", "text": "that, you know, we can't control a a"}, {"start": "00:57:15", "end": "00:57:19", "text": "body of water, and it's aggravating to"}, {"start": "00:57:17", "end": "00:57:21", "text": "me. So, I'm here to make money. I don't"}, {"start": "00:57:19", "end": "00:57:23", "text": "want us to get lost in the noise of all"}, {"start": "00:57:21", "end": "00:57:25", "text": "the politics and the war crap going on"}, {"start": "00:57:23", "end": "00:57:29", "text": "right now. It's a total mess over there."}, {"start": "00:57:25", "end": "00:57:30", "text": "So, Kelly, it was uh you just quoted"}, {"start": "00:57:29", "end": "00:57:31", "text": "Zack Galifanakis."}, {"start": "00:57:30", "end": "00:57:34", "text": ">> Really?"}, {"start": "00:57:31", "end": "00:57:36", "text": ">> It's a mess."}, {"start": "00:57:34", "end": "00:57:39", "text": ">> Yeah, man. But I mean, you know, it's"}, {"start": "00:57:36", "end": "00:57:43", "text": "it's a total, you know, manipulated"}, {"start": "00:57:39", "end": "00:57:45", "text": "uh warbased financial centipede that I'm"}, {"start": "00:57:43", "end": "00:57:48", "text": "not going to sit here and try to analyze"}, {"start": "00:57:45", "end": "00:57:50", "text": "and throw this or that other, you know,"}, {"start": "00:57:48", "end": "00:57:52", "text": "this uh this world is all about monetary"}, {"start": "00:57:50", "end": "00:57:54", "text": "control and basically if you have"}, {"start": "00:57:52", "end": "00:57:56", "text": "countries going outside of the US"}, {"start": "00:57:54", "end": "00:57:58", "text": "reserve world reserve currency, you're"}, {"start": "00:57:56", "end": "00:58:00", "text": "going to have problems. That's what I"}, {"start": "00:57:58", "end": "00:58:02", "text": "can kind of consolidate that down to."}, {"start": "00:58:00", "end": "00:58:04", "text": "But Kelly, I know we got our work cut"}, {"start": "00:58:02", "end": "00:58:07", "text": "out for us in the school. I know you're"}, {"start": "00:58:04", "end": "00:58:10", "text": "building a lot of AI systems. Huge shout"}, {"start": "00:58:07", "end": "00:58:13", "text": "out to Crypto Crank, my man. You know"}, {"start": "00:58:10", "end": "00:58:14", "text": "what, Kelly? It's a beautiful day. It's"}, {"start": "00:58:13", "end": "00:58:16", "text": "a beautiful time. What message would you"}, {"start": "00:58:14", "end": "00:58:19", "text": "leave to people that are because I know"}, {"start": "00:58:16", "end": "00:58:22", "text": "we're crypto adjacent uh industry, but"}, {"start": "00:58:19", "end": "00:58:26", "text": "the AI is definitely taking on. You've"}, {"start": "00:58:22", "end": "00:58:27", "text": "really kind of hammered this AI sector."}, {"start": "00:58:26", "end": "00:58:29", "text": "What message would you give to people"}, {"start": "00:58:27", "end": "00:58:32", "text": "that want to get into say our school and"}, {"start": "00:58:29", "end": "00:58:35", "text": "they want to learn how to use AI to make"}, {"start": "00:58:32", "end": "00:58:38", "text": "themselves a better investor?"}, {"start": "00:58:35", "end": "00:58:41", "text": ">> Well, I think it's about"}, {"start": "00:58:38", "end": "00:58:43", "text": "patience one just like it is in uh you"}, {"start": "00:58:41", "end": "00:58:45", "text": "know investing and trading. You have to"}, {"start": "00:58:43", "end": "00:58:46", "text": "wait for a trade. Uh but you also have"}, {"start": "00:58:45", "end": "00:58:48", "text": "to know what signals to look for. Now,"}, {"start": "00:58:46", "end": "00:58:50", "text": "one of the things, one of the major"}, {"start": "00:58:48", "end": "00:58:53", "text": "components that we're building into"}, {"start": "00:58:50", "end": "00:58:55", "text": "school is basically turnkey"}, {"start": "00:58:53", "end": "00:58:58", "text": "plug-and-play tools like research"}, {"start": "00:58:55", "end": "00:59:01", "text": "mechanisms that pull so many different"}, {"start": "00:58:58", "end": "00:59:02", "text": "aspects of the market and research that"}, {"start": "00:59:01", "end": "00:59:04", "text": "we've all been doing, you know, you and"}, {"start": "00:59:02", "end": "00:59:06", "text": "I, Drew, and other crypto natives and"}, {"start": "00:59:04", "end": "00:59:09", "text": "investing natives have been doing over"}, {"start": "00:59:06", "end": "00:59:11", "text": "the last 15, 20 years, uh, which is"}, {"start": "00:59:09", "end": "00:59:13", "text": "having so many different, uh, avenues"}, {"start": "00:59:11", "end": "00:59:16", "text": "and channels and different places that"}, {"start": "00:59:13", "end": "00:59:18", "text": "we're going to gather information to"}, {"start": "00:59:16", "end": "00:59:21", "text": "give ourselves a a pretty comprehensive"}, {"start": "00:59:18", "end": "00:59:23", "text": "or as comprehensive as possible analysis"}, {"start": "00:59:21", "end": "00:59:25", "text": "so we're not just subject to what price"}, {"start": "00:59:23", "end": "00:59:27", "text": "action's doing because price action"}, {"start": "00:59:25", "end": "00:59:29", "text": "sometimes is a lie. You want to look at"}, {"start": "00:59:27", "end": "00:59:31", "text": "the price action which is an emotional"}, {"start": "00:59:29", "end": "00:59:33", "text": "it's an emotional trigger that's"}, {"start": "00:59:31", "end": "00:59:35", "text": "signaling what's going on with the"}, {"start": "00:59:33", "end": "00:59:37", "text": "emotion of the retail market. Okay. Now"}, {"start": "00:59:35", "end": "00:59:39", "text": "on the flip side of that you can utilize"}, {"start": "00:59:37", "end": "00:59:42", "text": "tools you can utilize fundamental data."}, {"start": "00:59:39", "end": "00:59:44", "text": "you can utilize different signals and"}, {"start": "00:59:42", "end": "00:59:47", "text": "have them pulled together utilizing AI."}, {"start": "00:59:44", "end": "00:59:49", "text": "That really makes it much easier to"}, {"start": "00:59:47", "end": "00:59:52", "text": "grasp. So, it shrinks the amount of time"}, {"start": "00:59:49", "end": "00:59:54", "text": "you need to utilize to pull together"}, {"start": "00:59:52", "end": "00:59:56", "text": "analysis of an asset, whether it's"}, {"start": "00:59:54", "end": "00:59:59", "text": "Bitcoin or Nvidia or, you know, so on"}, {"start": "00:59:56", "end": "01:00:03", "text": "and so forth. But being able to see at a"}, {"start": "00:59:59", "end": "01:00:05", "text": "glance and in a turnkey kind of way all"}, {"start": "01:00:03", "end": "01:00:08", "text": "the relevant data that you need to see"}, {"start": "01:00:05", "end": "01:00:09", "text": "the move, the setups for the move before"}, {"start": "01:00:08", "end": "01:00:12", "text": "they happen. So, it gives you"}, {"start": "01:00:09", "end": "01:00:13", "text": "confidence. Uh, it makes it a lot easier"}, {"start": "01:00:12", "end": "01:00:15", "text": "to deal with emotion. So, you're not"}, {"start": "01:00:13", "end": "01:00:17", "text": "just triggered by price action. You can"}, {"start": "01:00:15", "end": "01:00:20", "text": "see, oh, this price action in"}, {"start": "01:00:17", "end": "01:00:22", "text": "relationship to all of this other data"}, {"start": "01:00:20", "end": "01:00:24", "text": "is signaling maybe opportunities here,"}, {"start": "01:00:22", "end": "01:00:26", "text": "whether it's a buy or a sell or just get"}, {"start": "01:00:24", "end": "01:00:28", "text": "your get your hands under your ass, sit"}, {"start": "01:00:26", "end": "01:00:30", "text": "on them, and not do a damn thing. And it"}, {"start": "01:00:28", "end": "01:00:32", "text": "takes data to be able to do that. And"}, {"start": "01:00:30", "end": "01:00:34", "text": "not just data, understanding what the"}, {"start": "01:00:32", "end": "01:00:36", "text": "data means. So, that's one of the things"}, {"start": "01:00:34", "end": "01:00:38", "text": "that we're we're trying to and I don't"}, {"start": "01:00:36", "end": "01:00:39", "text": "want to say trying, we're really sort of"}, {"start": "01:00:38", "end": "01:00:42", "text": "impressing upon within the school"}, {"start": "01:00:39", "end": "01:00:44", "text": "community. And those people that are in"}, {"start": "01:00:42", "end": "01:00:46", "text": "school, uh, drop that link in the in the"}, {"start": "01:00:44", "end": "01:00:47", "text": "chat there if you would. If you're in"}, {"start": "01:00:46", "end": "01:00:49", "text": "school, you're going to get access not"}, {"start": "01:00:47", "end": "01:00:53", "text": "only to discussions and calls and and"}, {"start": "01:00:49", "end": "01:00:55", "text": "and courses uh on crypto, but also tools"}, {"start": "01:00:53", "end": "01:00:57", "text": "about investing and tools about these"}, {"start": "01:00:55", "end": "01:01:00", "text": "research, access to these things that"}, {"start": "01:00:57", "end": "01:01:01", "text": "we're building. So, get in school. Stay"}, {"start": "01:01:00", "end": "01:01:02", "text": "in school, kids."}, {"start": "01:01:01", "end": "01:01:05", "text": ">> Absolutely. I'll drop that link in the"}, {"start": "01:01:02", "end": "01:01:07", "text": "chat here. Um, I'm pretty excited about"}, {"start": "01:01:05", "end": "01:01:10", "text": "your your deep dives to be hidden in"}, {"start": "01:01:07", "end": "01:01:12", "text": "there. Honestly, man, like this is such"}, {"start": "01:01:10", "end": "01:01:15", "text": "an empowering time to take advantage of"}, {"start": "01:01:12", "end": "01:01:18", "text": "the tools that are giving to us and"}, {"start": "01:01:15", "end": "01:01:19", "text": "expand not only our crypto investing and"}, {"start": "01:01:18", "end": "01:01:23", "text": "stock investing prowess, but honestly"}, {"start": "01:01:19", "end": "01:01:25", "text": "how to use AI to expand your business or"}, {"start": "01:01:23", "end": "01:01:27", "text": "to do things that you didn't think were"}, {"start": "01:01:25", "end": "01:01:30", "text": "possible. So, I definitely do recommend"}, {"start": "01:01:27", "end": "01:01:32", "text": "you join us at school. Um, that's going"}, {"start": "01:01:30", "end": "01:01:34", "text": "to be hop where I'm hopping into after"}, {"start": "01:01:32", "end": "01:01:35", "text": "the show as well. And you know what?"}, {"start": "01:01:34", "end": "01:01:36", "text": "Everything that we're talking about on"}, {"start": "01:01:35", "end": "01:01:38", "text": "the show, apparently we're pumping"}, {"start": "01:01:36", "end": "01:01:40", "text": "Bitcoin up, Kelly. We're making a move"}, {"start": "01:01:38", "end": "01:01:44", "text": "on Bitcoin, a good looking move right"}, {"start": "01:01:40", "end": "01:01:46", "text": "now, trying to make it back to $64,000."}, {"start": "01:01:44", "end": "01:01:49", "text": "So, a really good movement over the past"}, {"start": "01:01:46", "end": "01:01:52", "text": "hour. Literally, this is all us. We"}, {"start": "01:01:49", "end": "01:01:55", "text": "opened the show right here, 627. We"}, {"start": "01:01:52", "end": "01:01:58", "text": "pumped it by $1.6%. Just talking about"}, {"start": "01:01:55", "end": "01:02:00", "text": "the future of digital sovereignty. Well,"}, {"start": "01:01:58", "end": "01:02:02", "text": "everyone, I think it's going to be just"}, {"start": "01:02:00", "end": "01:02:04", "text": "fine. If you're watching this show in"}, {"start": "01:02:02", "end": "01:02:07", "text": "the bare market, you're watching at the"}, {"start": "01:02:04", "end": "01:02:09", "text": "right time. Don't take screenshots, take"}, {"start": "01:02:07", "end": "01:02:11", "text": "profits. And with that, I will see you"}, {"start": "01:02:09", "end": "01:02:13", "text": "on the other. We just wanted to take a"}, {"start": "01:02:11", "end": "01:02:14", "text": "quick second to shout out our sponsor,"}, {"start": "01:02:13", "end": "01:02:16", "text": "Arculus. They are a cold storage"}, {"start": "01:02:14", "end": "01:02:18", "text": "hardware wallet. Helps you secure all of"}, {"start": "01:02:16", "end": "01:02:19", "text": "your digital assets for the future. Just"}, {"start": "01:02:18", "end": "01:02:21", "text": "tap this thing to the back of your phone"}, {"start": "01:02:19", "end": "01:02:22", "text": "and boom, you're in. We wouldn't be able"}, {"start": "01:02:21", "end": "01:02:24", "text": "to do this without them, but also"}, {"start": "01:02:22", "end": "01:02:26", "text": "wouldn't be able to do this without you"}, {"start": "01:02:24", "end": "01:02:28", "text": "guys, the Disco fam. You've supported us"}, {"start": "01:02:26", "end": "01:02:29", "text": "a lot over the years. If you want to"}, {"start": "01:02:28", "end": "01:02:32", "text": "support the channel now, just use the"}, {"start": "01:02:29", "end": "01:02:34", "text": "code DC20. It gets you 20% off this"}, {"start": "01:02:32", "end": "01:02:36", "text": "card. It's the number one way you can"}, {"start": "01:02:34", "end": "01:02:37", "text": "support this channel going forward."}, {"start": "01:02:36", "end": "01:02:40", "text": "Thank you for your support. We'll see"}, {"start": "01:02:37", "end": "01:02:40", "text": "you at the top."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Michael Sailor has ripped the band-aid"}, {"start": "00:00:03", "end": "00:00:09", "text": "off and sold three and a half thousand"}, {"start": "00:00:06", "end": "00:00:11", "text": "Bitcoin last week, taking a major loss."}, {"start": "00:00:09", "end": "00:00:13", "text": "We have the underbelly of the Federal"}, {"start": "00:00:11", "end": "00:00:16", "text": "Reserve showing a weakness in their"}, {"start": "00:00:13", "end": "00:00:17", "text": "abilities in 2026 and Bitcoin feeling"}, {"start": "00:00:16", "end": "00:00:20", "text": "awfully volatile this morning. We"}, {"start": "00:00:17", "end": "00:00:23", "text": "dropped from $64,000"}, {"start": "00:00:20", "end": "00:00:25", "text": "down to about 612 and are now fighting"}, {"start": "00:00:23", "end": "00:00:27", "text": "back for our right to party. But on the"}, {"start": "00:00:25", "end": "00:00:30", "text": "underside, we have a story to cover"}, {"start": "00:00:27", "end": "00:00:33", "text": "today regarding the risk that central"}, {"start": "00:00:30", "end": "00:00:34", "text": "bankers feel when it comes to AI"}, {"start": "00:00:33", "end": "00:00:37", "text": "entering the financial markets. And this"}, {"start": "00:00:34", "end": "00:00:40", "text": "is actually a key signal for altcoins of"}, {"start": "00:00:37", "end": "00:00:42", "text": "a particular nature that I'm going to be"}, {"start": "00:00:40", "end": "00:00:44", "text": "going over on this show today. Welcome"}, {"start": "00:00:42", "end": "00:00:46", "text": "one, welcome all. Hopefully, you came"}, {"start": "00:00:44", "end": "00:00:48", "text": "back to the sticks on your keyboard with"}, {"start": "00:00:46", "end": "00:00:52", "text": "all of your fingers after the Fourth of"}, {"start": "00:00:48", "end": "00:00:54", "text": "July uh explosions. TJ, it was a hell of"}, {"start": "00:00:52", "end": "00:00:57", "text": "a celebration this weekend, man. Yeah,"}, {"start": "00:00:54", "end": "00:00:59", "text": "it was obviously we had a great time. Uh"}, {"start": "00:00:57", "end": "00:01:02", "text": "you guys know we work pretty much 24/7,"}, {"start": "00:00:59", "end": "00:01:03", "text": "but uh took some time this weekend, both"}, {"start": "00:01:02", "end": "00:01:06", "text": "of our daughter's birthdays, so we had a"}, {"start": "00:01:03", "end": "00:01:07", "text": "a joint birthday party celebration, got"}, {"start": "00:01:06", "end": "00:01:09", "text": "some time at the pool, got some time"}, {"start": "00:01:07", "end": "00:01:11", "text": "with some fireworks, like you said."}, {"start": "00:01:09", "end": "00:01:13", "text": "Hopefully uh nobody had any injuries. I"}, {"start": "00:01:11", "end": "00:01:16", "text": "actually did uh thoughts and prayers out"}, {"start": "00:01:13", "end": "00:01:18", "text": "to a friend of mine's mother-in-law did"}, {"start": "00:01:16", "end": "00:01:20", "text": "have a fireworks accident. He sent"}, {"start": "00:01:18", "end": "00:01:22", "text": "something to the to the group chat and"}, {"start": "00:01:20", "end": "00:01:24", "text": "was like, \"Hey, prayers for her.\" I"}, {"start": "00:01:22", "end": "00:01:27", "text": "think he said it was second third degree"}, {"start": "00:01:24", "end": "00:01:29", "text": "burns on 15% of her body. So it was"}, {"start": "00:01:27", "end": "00:01:32", "text": ">> bad. So stay safe out there."}, {"start": "00:01:29", "end": "00:01:33", "text": ">> Uh hopefully people are safer in trading"}, {"start": "00:01:32", "end": "00:01:36", "text": "Bitcoin than they are shooting"}, {"start": "00:01:33", "end": "00:01:38", "text": "fireworks. But uh always uh always"}, {"start": "00:01:36", "end": "00:01:40", "text": "fireworks when you're in crypto. Never"}, {"start": "00:01:38", "end": "00:01:43", "text": "boring. Always a lot of volatility. And"}, {"start": "00:01:40", "end": "00:01:46", "text": "yeah, the big story of the day, Michael"}, {"start": "00:01:43", "end": "00:01:48", "text": "Sailor selling that 32 Bitcoin test he"}, {"start": "00:01:46", "end": "00:01:51", "text": "did a while ago was just that, a test."}, {"start": "00:01:48", "end": "00:01:52", "text": "Um and a lot of lot of mixed thoughts on"}, {"start": "00:01:51", "end": "00:01:54", "text": "that. and I'll let you kind of get into"}, {"start": "00:01:52", "end": "00:01:56", "text": "the news and catch everybody up and then"}, {"start": "00:01:54", "end": "00:01:58", "text": "yeah, I'll share some of my thoughts on"}, {"start": "00:01:56", "end": "00:02:00", "text": "uh where I think this is going and"}, {"start": "00:01:58", "end": "00:02:01", "text": "bullish, bearish, bottom in, all that"}, {"start": "00:02:00", "end": "00:02:02", "text": "sort of stuff. We're going to be talking"}, {"start": "00:02:01", "end": "00:02:03", "text": "about that today. So,"}, {"start": "00:02:02", "end": "00:02:05", "text": ">> absolutely, man. There's a lot to cover,"}, {"start": "00:02:03", "end": "00:02:08", "text": "a lot of ground to cover. At the end of"}, {"start": "00:02:05", "end": "00:02:10", "text": "our fireworks expose, I ran into a"}, {"start": "00:02:08", "end": "00:02:12", "text": "Japanese kid when we were shooting off"}, {"start": "00:02:10", "end": "00:02:15", "text": "fireworks. He had an Indian girlfriend."}, {"start": "00:02:12", "end": "00:02:17", "text": "We shot fireworks together. And at the"}, {"start": "00:02:15", "end": "00:02:18", "text": "end of our, you know, motors blowing up"}, {"start": "00:02:17", "end": "00:02:20", "text": "in the sky, I turned to him and I was"}, {"start": "00:02:18", "end": "00:02:22", "text": "like, you know what? Here's to another"}, {"start": "00:02:20", "end": "00:02:24", "text": "two and a half centuries of American"}, {"start": "00:02:22", "end": "00:02:27", "text": "world dominance. They both loved it."}, {"start": "00:02:24", "end": "00:02:29", "text": "Fist bump, you know, very uh very good"}, {"start": "00:02:27", "end": "00:02:31", "text": "feeling on the uh streets there for uh"}, {"start": "00:02:29", "end": "00:02:33", "text": "July 4th. And just before I get into all"}, {"start": "00:02:31", "end": "00:02:36", "text": "the news, we do have a kickoff call"}, {"start": "00:02:33", "end": "00:02:39", "text": "coming on Wednesday this week, July 8th"}, {"start": "00:02:36", "end": "00:02:41", "text": "at 1 100 p.m. We're doing our kickoff"}, {"start": "00:02:39", "end": "00:02:43", "text": "call for the school. And a huge shout"}, {"start": "00:02:41", "end": "00:02:46", "text": "out to the people joining there. I have"}, {"start": "00:02:43", "end": "00:02:47", "text": "a lot of uh questions laid out to get"}, {"start": "00:02:46", "end": "00:02:49", "text": "back to, but this has been pretty"}, {"start": "00:02:47", "end": "00:02:51", "text": "exciting uh doing this roll out."}, {"start": "00:02:49", "end": "00:02:53", "text": ">> No, it is. Shout out to all of our"}, {"start": "00:02:51", "end": "00:02:54", "text": "founding members. Uh it's obviously"}, {"start": "00:02:53", "end": "00:02:56", "text": "already off and running and growing."}, {"start": "00:02:54", "end": "00:02:58", "text": "We're going to be doing full roll out"}, {"start": "00:02:56", "end": "00:03:00", "text": "today. We've obviously talked about it a"}, {"start": "00:02:58", "end": "00:03:02", "text": "little bit and I've been emailing some"}, {"start": "00:03:00", "end": "00:03:03", "text": "of you guys to get our our core"}, {"start": "00:03:02", "end": "00:03:05", "text": "community members in there. But yeah,"}, {"start": "00:03:03", "end": "00:03:07", "text": "this kickoff call is on Wednesday. We're"}, {"start": "00:03:05", "end": "00:03:08", "text": "going to be kind of giving an overview,"}, {"start": "00:03:07", "end": "00:03:10", "text": "getting to know you guys better. Kind of"}, {"start": "00:03:08", "end": "00:03:11", "text": "like he said, we got a lot of questions"}, {"start": "00:03:10", "end": "00:03:14", "text": "in there. This is going to be both"}, {"start": "00:03:11", "end": "00:03:16", "text": "crypto and AI. So, if you have an"}, {"start": "00:03:14", "end": "00:03:18", "text": "interest in either one of those, uh, hop"}, {"start": "00:03:16", "end": "00:03:20", "text": "in there and start engaging now. And"}, {"start": "00:03:18", "end": "00:03:22", "text": "we're getting we're working through a a"}, {"start": "00:03:20", "end": "00:03:24", "text": "quiz that helps us know where you are in"}, {"start": "00:03:22", "end": "00:03:25", "text": "crypto. And I may need to do the same"}, {"start": "00:03:24", "end": "00:03:27", "text": "thing on AI. This is part of what we're"}, {"start": "00:03:25", "end": "00:03:30", "text": "going to talk about on the uh the"}, {"start": "00:03:27", "end": "00:03:31", "text": "kickoff call. So, yeah, get in there and"}, {"start": "00:03:30", "end": "00:03:33", "text": "we'll see you guys on Wednesday because"}, {"start": "00:03:31", "end": "00:03:34", "text": "yeah, it's already already popping off"}, {"start": "00:03:33", "end": "00:03:37", "text": "in there and we've already, you know,"}, {"start": "00:03:34", "end": "00:03:38", "text": "again, our core community members are"}, {"start": "00:03:37", "end": "00:03:40", "text": "posting really good stuff. Already got"}, {"start": "00:03:38", "end": "00:03:42", "text": "our first win. Somebody crushed it on a"}, {"start": "00:03:40", "end": "00:03:44", "text": "trade over the weekend. So happy to see"}, {"start": "00:03:42", "end": "00:03:47", "text": "it popping. I think it's going to be"}, {"start": "00:03:44", "end": "00:03:48", "text": ">> a thousand times better than Discord."}, {"start": "00:03:47", "end": "00:03:50", "text": "The main reason we're doing there's a"}, {"start": "00:03:48", "end": "00:03:52", "text": "lot of reasons we're doing this. One, I"}, {"start": "00:03:50", "end": "00:03:54", "text": "think it's a better place to organize"}, {"start": "00:03:52", "end": "00:03:56", "text": "and educate, you know, make it easier to"}, {"start": "00:03:54", "end": "00:03:58", "text": "follow along for people. Two, it's a lot"}, {"start": "00:03:56", "end": "00:04:01", "text": "safer. We We have a hard time on"}, {"start": "00:03:58", "end": "00:04:03", "text": "Discord. I literally can't send DMs on"}, {"start": "00:04:01", "end": "00:04:04", "text": "Discord because there's so many"}, {"start": "00:04:03", "end": "00:04:06", "text": "impersonators and if people thought I"}, {"start": "00:04:04", "end": "00:04:08", "text": "was in there DMing them, more people"}, {"start": "00:04:06", "end": "00:04:09", "text": "would get scammed. every I feel like"}, {"start": "00:04:08", "end": "00:04:11", "text": "very often people are getting scammed in"}, {"start": "00:04:09", "end": "00:04:14", "text": "there. So, this is a main that's a"}, {"start": "00:04:11", "end": "00:04:16", "text": "primary motivator of moving not we're"}, {"start": "00:04:14", "end": "00:04:17", "text": "not shutting the discord down per se."}, {"start": "00:04:16", "end": "00:04:19", "text": "We're just going to be spending a lot"}, {"start": "00:04:17", "end": "00:04:20", "text": "more time in school and probably"}, {"start": "00:04:19", "end": "00:04:22", "text": "transitioning out of Discord over time."}, {"start": "00:04:20", "end": "00:04:24", "text": "So, if you are in the Discord and"}, {"start": "00:04:22", "end": "00:04:26", "text": "enjoying it, make sure to sign up for"}, {"start": "00:04:24", "end": "00:04:28", "text": "school because there's going to be a lot"}, {"start": "00:04:26", "end": "00:04:31", "text": "of really fun stuff coming up in there."}, {"start": "00:04:28", "end": "00:04:33", "text": "So, yeah, let's get into the news and uh"}, {"start": "00:04:31", "end": "00:04:36", "text": "sailors sailors choosing the uh the"}, {"start": "00:04:33", "end": "00:04:38", "text": "crazy life, I guess you could say. Well,"}, {"start": "00:04:36", "end": "00:04:41", "text": "here's the main news is uh Bitcoin"}, {"start": "00:04:38", "end": "00:04:45", "text": "dropped under 62K early this morning as"}, {"start": "00:04:41", "end": "00:04:49", "text": "Strategy sold 3500 Bitcoin. Pretty"}, {"start": "00:04:45", "end": "00:04:50", "text": "sizable sale about $219 million. I'll"}, {"start": "00:04:49", "end": "00:04:52", "text": "kind of back up to all the other"}, {"start": "00:04:50", "end": "00:04:55", "text": "stories, but this is the main thing"}, {"start": "00:04:52", "end": "00:04:57", "text": "going on for Bitcoin this morning is uh"}, {"start": "00:04:55", "end": "00:05:00", "text": "they announced this sale of $216 million"}, {"start": "00:04:57", "end": "00:05:02", "text": "worth of Bitcoin sold last week. This"}, {"start": "00:05:00", "end": "00:05:04", "text": "amount sold marks a dramatic step up"}, {"start": "00:05:02", "end": "00:05:06", "text": "from the company's initial 32 bitcoin"}, {"start": "00:05:04", "end": "00:05:09", "text": "sale. several weeks ago. It does look"}, {"start": "00:05:06", "end": "00:05:11", "text": "like that 32 tow dip was indeed a"}, {"start": "00:05:09", "end": "00:05:14", "text": "testing of the waters. And the"}, {"start": "00:05:11", "end": "00:05:16", "text": "interesting part about this, it was sold"}, {"start": "00:05:14", "end": "00:05:20", "text": "to fund dividends, right? So, the"}, {"start": "00:05:16", "end": "00:05:21", "text": "dividend payment uh as we are covering a"}, {"start": "00:05:20", "end": "00:05:22", "text": "few weeks ago, it had doubled where"}, {"start": "00:05:21", "end": "00:05:24", "text": "they're actually paying out two"}, {"start": "00:05:22", "end": "00:05:28", "text": "dividends a month, which is marked in"}, {"start": "00:05:24", "end": "00:05:32", "text": "the blue D here on the STRC chart. With"}, {"start": "00:05:28", "end": "00:05:34", "text": "that sale, the STRC chart is looking for"}, {"start": "00:05:32", "end": "00:05:36", "text": "a recovery from this lowest point it"}, {"start": "00:05:34", "end": "00:05:39", "text": "reached a few weeks ago. It is now up by"}, {"start": "00:05:36", "end": "00:05:42", "text": "about 25% and it's fighting its way back"}, {"start": "00:05:39", "end": "00:05:44", "text": "up to that $100 parody. Would not be"}, {"start": "00:05:42", "end": "00:05:46", "text": "surprised to see more sales from"}, {"start": "00:05:44", "end": "00:05:48", "text": "Strategy to get this back into"}, {"start": "00:05:46", "end": "00:05:50", "text": "equilibrium. Some data that's"}, {"start": "00:05:48", "end": "00:05:53", "text": "interesting behind this is that based on"}, {"start": "00:05:50", "end": "00:05:55", "text": "the average price of Strategy's Bitcoin"}, {"start": "00:05:53", "end": "00:06:00", "text": "holdings at 75,000 a piece, the sale"}, {"start": "00:05:55", "end": "00:06:02", "text": "resulted in a loss of $55 million. Right"}, {"start": "00:06:00", "end": "00:06:05", "text": "now, we have to take into context this"}, {"start": "00:06:02", "end": "00:06:08", "text": "sale to get the dividend payments back"}, {"start": "00:06:05", "end": "00:06:11", "text": "online is actually happening during a"}, {"start": "00:06:08", "end": "00:06:12", "text": "nasty Bitcoin bare market. Right? We are"}, {"start": "00:06:11", "end": "00:06:15", "text": "sitting here fighting for our right to"}, {"start": "00:06:12", "end": "00:06:17", "text": "party. But this is a 4 and a.5% drop"}, {"start": "00:06:15", "end": "00:06:20", "text": "from market open to where we are"}, {"start": "00:06:17", "end": "00:06:23", "text": "currently. I've given some broad but"}, {"start": "00:06:20", "end": "00:06:25", "text": "very uh specific on my time frame"}, {"start": "00:06:23", "end": "00:06:28", "text": "approach to this Bitcoin bare market in"}, {"start": "00:06:25", "end": "00:06:31", "text": "the school community. I have a lot of uh"}, {"start": "00:06:28", "end": "00:06:33", "text": "questions actually to get uh into in the"}, {"start": "00:06:31", "end": "00:06:35", "text": "school community after we get this show"}, {"start": "00:06:33", "end": "00:06:38", "text": "over with. But uh Kelly Kellum, we got"}, {"start": "00:06:35", "end": "00:06:41", "text": "him in his he thinks Sailor sold so that"}, {"start": "00:06:38", "end": "00:06:42", "text": "they could be included in the S&P 500"}, {"start": "00:06:41", "end": "00:06:43", "text": "showing that they are willing to sell."}, {"start": "00:06:42", "end": "00:06:45", "text": "That's an interesting thought right"}, {"start": "00:06:43", "end": "00:06:47", "text": "there, Kelly. Absolutely."}, {"start": "00:06:45", "end": "00:06:49", "text": ">> I think that I think he's spot on with"}, {"start": "00:06:47", "end": "00:06:50", "text": "that. I think that is, you know, I' I've"}, {"start": "00:06:49", "end": "00:06:53", "text": "been talking about this for a while."}, {"start": "00:06:50", "end": "00:06:56", "text": "Like the crypto crowd is very much,"}, {"start": "00:06:53", "end": "00:06:58", "text": "you know, kind of never happy with"}, {"start": "00:06:56", "end": "00:07:01", "text": "Sailor no matter what he does. But in a"}, {"start": "00:06:58", "end": "00:07:03", "text": "lot of ways, obviously this the selling"}, {"start": "00:07:01", "end": "00:07:05", "text": "that they were doing was that it's just"}, {"start": "00:07:03", "end": "00:07:07", "text": "now coming out through disclosure, but"}, {"start": "00:07:05", "end": "00:07:10", "text": "it was happening weeks ago. And so in a"}, {"start": "00:07:07", "end": "00:07:12", "text": "lot of ways, to me, this is extreme."}, {"start": "00:07:10", "end": "00:07:14", "text": "It's it sounds counter, but this is very"}, {"start": "00:07:12", "end": "00:07:17", "text": "bullish because that was not a small"}, {"start": "00:07:14", "end": "00:07:19", "text": "amount of Bitcoin to unload and it shows"}, {"start": "00:07:17", "end": "00:07:21", "text": "that they're willing to sell and stay"}, {"start": "00:07:19", "end": "00:07:24", "text": "very very financially healthy. I think"}, {"start": "00:07:21", "end": "00:07:25", "text": "I've even got, let me share this here,"}, {"start": "00:07:24", "end": "00:07:28", "text": "you know, the official announcement"}, {"start": "00:07:25", "end": "00:07:31", "text": "where they said basically they they sold"}, {"start": "00:07:28", "end": "00:07:34", "text": "30, you know, 30 rough almost 3,600"}, {"start": "00:07:31", "end": "00:07:37", "text": "Bitcoin, 216 million to fund their"}, {"start": "00:07:34", "end": "00:07:40", "text": "dividends. They still hold 843,000"}, {"start": "00:07:37", "end": "00:07:41", "text": "Bitcoin, which is larger than pretty"}, {"start": "00:07:40", "end": "00:07:44", "text": "much anybody else out there. And now"}, {"start": "00:07:41", "end": "00:07:46", "text": "they have 2.5 billion in their USD"}, {"start": "00:07:44", "end": "00:07:48", "text": "reserves. And so from anybody looking at"}, {"start": "00:07:46", "end": "00:07:50", "text": "it completely"}, {"start": "00:07:48", "end": "00:07:53", "text": "uh you know kind of analyzing them as a"}, {"start": "00:07:50", "end": "00:07:54", "text": "financial company they are extremely"}, {"start": "00:07:53", "end": "00:07:56", "text": "healthy and this is what I've been"}, {"start": "00:07:54", "end": "00:08:00", "text": "saying for a while like there's no real"}, {"start": "00:07:56", "end": "00:08:01", "text": "risk of them. This is not a Ponzi like"}, {"start": "00:08:00", "end": "00:08:03", "text": "what people like to compare it to Teral"}, {"start": "00:08:01", "end": "00:08:05", "text": "Luna. Teruna had nothing backing them."}, {"start": "00:08:03", "end": "00:08:08", "text": "They've got 843,000"}, {"start": "00:08:05", "end": "00:08:11", "text": "plus almost 844,000 bitcoins. that's"}, {"start": "00:08:08", "end": "00:08:13", "text": "very financially stable company with the"}, {"start": "00:08:11", "end": "00:08:15", "text": "amount of they do have some debt but"}, {"start": "00:08:13", "end": "00:08:20", "text": "they've got way more assets than debt"}, {"start": "00:08:15", "end": "00:08:21", "text": "and STRC obviously is the kind of magic"}, {"start": "00:08:20", "end": "00:08:23", "text": "bullet for them that they want to keep"}, {"start": "00:08:21", "end": "00:08:24", "text": "healthy and as long as that's healthy"}, {"start": "00:08:23", "end": "00:08:27", "text": "and doing well they're producing a lot"}, {"start": "00:08:24", "end": "00:08:30", "text": "of income so I think the market actually"}, {"start": "00:08:27", "end": "00:08:31", "text": "absorbed this fairly well yeah I do"}, {"start": "00:08:30", "end": "00:08:34", "text": "think people were trying to squeeze them"}, {"start": "00:08:31", "end": "00:08:36", "text": "out and I think this was again a a good"}, {"start": "00:08:34", "end": "00:08:38", "text": "play to show that they are willing to"}, {"start": "00:08:36", "end": "00:08:40", "text": "sell they've got plenty of dividend and"}, {"start": "00:08:38", "end": "00:08:43", "text": "they're going to keep STRC healthy. And"}, {"start": "00:08:40", "end": "00:08:44", "text": "then to Kelly's point, uh they need to"}, {"start": "00:08:43", "end": "00:08:46", "text": "show that they're willing to sell,"}, {"start": "00:08:44", "end": "00:08:48", "text": "otherwise they're not going to be able"}, {"start": "00:08:46", "end": "00:08:50", "text": "to be included in some of these indexes"}, {"start": "00:08:48", "end": "00:08:52", "text": "and uh categories that they should be"}, {"start": "00:08:50", "end": "00:08:54", "text": "qualified for. So"}, {"start": "00:08:52", "end": "00:08:56", "text": ">> to me, this is bullish. Like if"}, {"start": "00:08:54", "end": "00:08:59", "text": "somebody's out there telling you, you"}, {"start": "00:08:56", "end": "00:09:00", "text": "know, they're risking a death spiral and"}, {"start": "00:08:59", "end": "00:09:03", "text": "they're going to crash to, you know,"}, {"start": "00:09:00", "end": "00:09:05", "text": "they're going to crash Bitcoin to $7,000"}, {"start": "00:09:03", "end": "00:09:09", "text": "or something ridiculous like that. Uh I"}, {"start": "00:09:05", "end": "00:09:11", "text": "would very seriously consider why you're"}, {"start": "00:09:09", "end": "00:09:13", "text": "listening to that advice or maybe not"}, {"start": "00:09:11", "end": "00:09:14", "text": "listen to that advice because"}, {"start": "00:09:13", "end": "00:09:16", "text": ">> they probably don't have a very good"}, {"start": "00:09:14", "end": "00:09:18", "text": "understanding of strategy if that's what"}, {"start": "00:09:16", "end": "00:09:20", "text": "they're saying. They probably haven't"}, {"start": "00:09:18", "end": "00:09:22", "text": "been in Bitcoin all that long. They're"}, {"start": "00:09:20", "end": "00:09:24", "text": "just out there kind of fear-mongering to"}, {"start": "00:09:22", "end": "00:09:26", "text": "get views, which again, a lot of people"}, {"start": "00:09:24", "end": "00:09:28", "text": "do. Mainstream media does it, news does"}, {"start": "00:09:26", "end": "00:09:30", "text": "it, YouTube rewards that. We could we"}, {"start": "00:09:28", "end": "00:09:32", "text": "could do that more as well. But I really"}, {"start": "00:09:30", "end": "00:09:35", "text": "think the period we're in right now,"}, {"start": "00:09:32", "end": "00:09:36", "text": "especially, you know, we're going in to"}, {"start": "00:09:35", "end": "00:09:38", "text": "the back half of this year, this is a"}, {"start": "00:09:36", "end": "00:09:39", "text": "big reason why we're setting the school"}, {"start": "00:09:38", "end": "00:09:41", "text": "community up is over the next six"}, {"start": "00:09:39", "end": "00:09:43", "text": "months, we really want to make sure you"}, {"start": "00:09:41", "end": "00:09:45", "text": "guys are all positioned, right,"}, {"start": "00:09:43", "end": "00:09:49", "text": ">> to do extremely well in this upcoming"}, {"start": "00:09:45", "end": "00:09:51", "text": "bull run. and the the you lay the"}, {"start": "00:09:49", "end": "00:09:53", "text": "groundwork for that now. Not saying the"}, {"start": "00:09:51", "end": "00:09:55", "text": "bull run starts now. I'm saying the the"}, {"start": "00:09:53", "end": "00:09:58", "text": "decisions you make between now and the"}, {"start": "00:09:55", "end": "00:10:00", "text": "end of this year is very likely the"}, {"start": "00:09:58", "end": "00:10:02", "text": "decisions that will set you up for"}, {"start": "00:10:00", "end": "00:10:05", "text": "generations, the next definitely the"}, {"start": "00:10:02", "end": "00:10:08", "text": "next three to four years, if not five to"}, {"start": "00:10:05", "end": "00:10:09", "text": "10 and a lot longer. So that's why we're"}, {"start": "00:10:08", "end": "00:10:11", "text": "taking this really seriously. I think I"}, {"start": "00:10:09", "end": "00:10:13", "text": "even said this in the post uh in the"}, {"start": "00:10:11", "end": "00:10:16", "text": "community earlier today that basically"}, {"start": "00:10:13", "end": "00:10:18", "text": "this is the time that you want to be"}, {"start": "00:10:16", "end": "00:10:20", "text": "extremely disciplined with every minute"}, {"start": "00:10:18", "end": "00:10:22", "text": "that you have and every dollar that you"}, {"start": "00:10:20", "end": "00:10:23", "text": "have because you got to remember there's"}, {"start": "00:10:22", "end": "00:10:25", "text": "two different types of capital. Your"}, {"start": "00:10:23", "end": "00:10:28", "text": "time is far and away your most valuable"}, {"start": "00:10:25", "end": "00:10:30", "text": "asset you have and then obviously your"}, {"start": "00:10:28", "end": "00:10:31", "text": "stored up time or your stored up energy"}, {"start": "00:10:30", "end": "00:10:33", "text": "which is your dollars, your resources"}, {"start": "00:10:31", "end": "00:10:36", "text": "you're saving. Hopefully you're saving"}, {"start": "00:10:33", "end": "00:10:37", "text": "in Bitcoin. But you need to be extremely"}, {"start": "00:10:36", "end": "00:10:39", "text": "mindful of what you're doing with your"}, {"start": "00:10:37", "end": "00:10:42", "text": "time right now. And to me, there's no"}, {"start": "00:10:39", "end": "00:10:45", "text": "better thing than crypto and AI. They're"}, {"start": "00:10:42", "end": "00:10:47", "text": "both changing the world. They're both uh"}, {"start": "00:10:45", "end": "00:10:48", "text": "kind of a revolutionary movement."}, {"start": "00:10:47", "end": "00:10:50", "text": "Crypto, if you've been doing this for a"}, {"start": "00:10:48", "end": "00:10:52", "text": "while, you know, this is the time period"}, {"start": "00:10:50", "end": "00:10:54", "text": "to be getting in. And AI moving fast as"}, {"start": "00:10:52", "end": "00:10:56", "text": "ever and can help. Obviously, we use it"}, {"start": "00:10:54", "end": "00:10:58", "text": "for DeFi. We use it for research. We use"}, {"start": "00:10:56", "end": "00:11:00", "text": "it for analyzing portfolio. I even loved"}, {"start": "00:10:58", "end": "00:11:02", "text": "one of our community members in there"}, {"start": "00:11:00", "end": "00:11:04", "text": "used it to write his post and his"}, {"start": "00:11:02", "end": "00:11:05", "text": "breakdown. He's he's a big towel guy."}, {"start": "00:11:04", "end": "00:11:06", "text": "He's like, I used Claude to write this,"}, {"start": "00:11:05", "end": "00:11:08", "text": "but I don't think this is cheating since"}, {"start": "00:11:06", "end": "00:11:09", "text": "it's an AI group. And it's not like this"}, {"start": "00:11:08", "end": "00:11:10", "text": "is the type of behavior we want to"}, {"start": "00:11:09", "end": "00:11:12", "text": "encourage, right?"}, {"start": "00:11:10", "end": "00:11:14", "text": ">> Let Claude, you know, you got Fable 5"}, {"start": "00:11:12", "end": "00:11:16", "text": "for what? Two more days before they make"}, {"start": "00:11:14", "end": "00:11:19", "text": "take it off subscription. Like, use it"}, {"start": "00:11:16", "end": "00:11:21", "text": "now and and get dialed in because"}, {"start": "00:11:19", "end": "00:11:23", "text": "there's a lot of money out there. Well,"}, {"start": "00:11:21", "end": "00:11:25", "text": "and honestly, like the outlook of us"}, {"start": "00:11:23", "end": "00:11:28", "text": "being able to focus in on the school"}, {"start": "00:11:25", "end": "00:11:30", "text": "allows me to I've been around crypto"}, {"start": "00:11:28", "end": "00:11:34", "text": "media for five years and it is"}, {"start": "00:11:30", "end": "00:11:35", "text": "unfortunate when you're really dependent"}, {"start": "00:11:34", "end": "00:11:38", "text": "on the views and you have to basically"}, {"start": "00:11:35", "end": "00:11:40", "text": "say hyperbole and [�__�] and you know"}, {"start": "00:11:38", "end": "00:11:42", "text": "then in the show obviously you're"}, {"start": "00:11:40", "end": "00:11:45", "text": "explaining the truth but it just allows"}, {"start": "00:11:42", "end": "00:11:47", "text": "me to be more based, more grounded and"}, {"start": "00:11:45", "end": "00:11:49", "text": "have a more you know kind of refined"}, {"start": "00:11:47", "end": "00:11:50", "text": "approach right now. It's It's actually"}, {"start": "00:11:49", "end": "00:11:51", "text": "making my heart kind of saying, you"}, {"start": "00:11:50", "end": "00:11:54", "text": "know, we got to figure out the intro"}, {"start": "00:11:51", "end": "00:11:56", "text": "video as well, TJ. Uh, a lot of people"}, {"start": "00:11:54", "end": "00:11:59", "text": "are talking about the intro song."}, {"start": "00:11:56", "end": "00:12:01", "text": ">> Sailor's famous second. There is no"}, {"start": "00:11:59", "end": "00:12:03", "text": "second best song. I almost feel like"}, {"start": "00:12:01", "end": "00:12:05", "text": "pulling a little bubble song into the"}, {"start": "00:12:03", "end": "00:12:07", "text": "intro. Or I'm curious what the chat"}, {"start": "00:12:05", "end": "00:12:09", "text": "thinks would make the best intro song"}, {"start": "00:12:07", "end": "00:12:10", "text": "for this show. You know,"}, {"start": "00:12:09", "end": "00:12:12", "text": ">> that is the Little Bubble song that's"}, {"start": "00:12:10", "end": "00:12:14", "text": "from his album. So there we should go"}, {"start": "00:12:12", "end": "00:12:16", "text": "pull Yeah, I guarantee we could find"}, {"start": "00:12:14", "end": "00:12:19", "text": "some other stuff, you know, and just we"}, {"start": "00:12:16", "end": "00:12:20", "text": "do need to make it short. Uh but yeah,"}, {"start": "00:12:19", "end": "00:12:21", "text": "we'll find something good. I'll work on"}, {"start": "00:12:20", "end": "00:12:22", "text": "that today."}, {"start": "00:12:21", "end": "00:12:25", "text": ">> Yeah, we'll we'll snoop around. And"}, {"start": "00:12:22", "end": "00:12:27", "text": "really, you know, this news, seeing this"}, {"start": "00:12:25", "end": "00:12:29", "text": "news break, it is from a technical"}, {"start": "00:12:27", "end": "00:12:31", "text": "standpoint very very bullish that"}, {"start": "00:12:29", "end": "00:12:33", "text": "Bitcoin did not break into the mid or"}, {"start": "00:12:31", "end": "00:12:36", "text": "lower 50s on this news releasing. And"}, {"start": "00:12:33", "end": "00:12:39", "text": "really, I gave my macro over scope for"}, {"start": "00:12:36", "end": "00:12:41", "text": "Bitcoin inside of school, but I do take"}, {"start": "00:12:39", "end": "00:12:45", "text": "this as a very bullish signal. the"}, {"start": "00:12:41", "end": "00:12:47", "text": "markets know Bitcoin and strategy are"}, {"start": "00:12:45", "end": "00:12:49", "text": "you know being sold by these major"}, {"start": "00:12:47", "end": "00:12:51", "text": "holders and we did not have that death"}, {"start": "00:12:49", "end": "00:12:54", "text": "spiral of price action which is a very"}, {"start": "00:12:51", "end": "00:12:56", "text": "very bullish signal. Now the other major"}, {"start": "00:12:54", "end": "00:12:58", "text": "news just to touch on here uh we got"}, {"start": "00:12:56", "end": "00:13:01", "text": "Anthropic signing a $19 billion Kentucky"}, {"start": "00:12:58", "end": "00:13:03", "text": "data center deal. We got Tom Lee"}, {"start": "00:13:01", "end": "00:13:04", "text": "layering into more Ethereum."}, {"start": "00:13:03", "end": "00:13:06", "text": ">> We're not seeing it."}, {"start": "00:13:04", "end": "00:13:09", "text": ">> Oh, here we go. got Tom Lee bulling uh"}, {"start": "00:13:06", "end": "00:13:11", "text": "hammering into more Ethereum and then"}, {"start": "00:13:09", "end": "00:13:14", "text": "Morgan Stanley and JP Morgan are kind of"}, {"start": "00:13:11", "end": "00:13:15", "text": "split on if this is a true AI stock"}, {"start": "00:13:14", "end": "00:13:18", "text": "bubble that they're looking at."}, {"start": "00:13:15", "end": "00:13:20", "text": "Stanley's cautioning stocks may struggle"}, {"start": "00:13:18", "end": "00:13:22", "text": "for fresh highs as investor rotates out"}, {"start": "00:13:20", "end": "00:13:26", "text": "of semiconductors into the majors like"}, {"start": "00:13:22", "end": "00:13:28", "text": "Microsoft, Amazon, and Meta. JP Morgan"}, {"start": "00:13:26", "end": "00:13:30", "text": "said that this is an AIdriven chip cycle"}, {"start": "00:13:28", "end": "00:13:34", "text": "that remains strong with meaningful"}, {"start": "00:13:30", "end": "00:13:37", "text": "supply unlikely before 2028. So it's"}, {"start": "00:13:34", "end": "00:13:39", "text": "still a very very sharp move for"}, {"start": "00:13:37", "end": "00:13:41", "text": "semiconductor supply is happening in"}, {"start": "00:13:39", "end": "00:13:44", "text": "real time and this is where the"}, {"start": "00:13:41", "end": "00:13:47", "text": "conversation is it worth to get into the"}, {"start": "00:13:44", "end": "00:13:50", "text": "AI bottle sits. Um so that's kind of the"}, {"start": "00:13:47", "end": "00:13:52", "text": "major news but it is very interesting to"}, {"start": "00:13:50", "end": "00:13:55", "text": "see Bitcoin holding up and honestly"}, {"start": "00:13:52", "end": "00:13:57", "text": "strategy is not looking bad either. So"}, {"start": "00:13:55", "end": "00:14:00", "text": "strategy is still string the line right"}, {"start": "00:13:57", "end": "00:14:03", "text": "at around $100 a share. um you know"}, {"start": "00:14:00", "end": "00:14:06", "text": "honestly if I'm looking at this it's got"}, {"start": "00:14:03", "end": "00:14:09", "text": "a very very strong bullish divergence on"}, {"start": "00:14:06", "end": "00:14:13", "text": "the uh weekly time frame here. So the"}, {"start": "00:14:09", "end": "00:14:15", "text": "RSI is beaten down to extreme lows and"}, {"start": "00:14:13", "end": "00:14:18", "text": "I'm seeing a pretty clear and very"}, {"start": "00:14:15", "end": "00:14:20", "text": "strong bull. If you, you know, you're"}, {"start": "00:14:18", "end": "00:14:23", "text": "not familiar with this, essentially you"}, {"start": "00:14:20", "end": "00:14:26", "text": "have lower lows in terms of price shown"}, {"start": "00:14:23", "end": "00:14:28", "text": "on the weekly time frame and the bullish"}, {"start": "00:14:26", "end": "00:14:32", "text": "divergence on the RSI. Slight, but still"}, {"start": "00:14:28", "end": "00:14:33", "text": "there and very valid. I take this as a"}, {"start": "00:14:32", "end": "00:14:35", "text": "pretty good sign that there is some"}, {"start": "00:14:33", "end": "00:14:37", "text": "strength in the strategy chart. And I"}, {"start": "00:14:35", "end": "00:14:39", "text": "I'm sorry to disappoint the doom and"}, {"start": "00:14:37", "end": "00:14:41", "text": "gloomers, but this this this party looks"}, {"start": "00:14:39", "end": "00:14:43", "text": "like it's going to keep on going. Now,"}, {"start": "00:14:41", "end": "00:14:46", "text": "Bitcoin, this is interesting to look at."}, {"start": "00:14:43", "end": "00:14:47", "text": "Yeah, I just wanted to last thought on"}, {"start": "00:14:46", "end": "00:14:49", "text": "this on the strategy stuff. I thought"}, {"start": "00:14:47", "end": "00:14:52", "text": "this was a pretty good breakdown from"}, {"start": "00:14:49", "end": "00:14:53", "text": "Robin where he kind of simplifies it"}, {"start": "00:14:52", "end": "00:14:55", "text": ">> because a lot of people, you know, big"}, {"start": "00:14:53", "end": "00:14:56", "text": "numbers and you it sounds scary and all"}, {"start": "00:14:55", "end": "00:14:58", "text": "this sort of stuff, but just to put it"}, {"start": "00:14:56", "end": "00:15:00", "text": "real simple, like kind of bring it all"}, {"start": "00:14:58", "end": "00:15:02", "text": "back down to household numbers, they"}, {"start": "00:15:00", "end": "00:15:05", "text": "raised 10 Bitcoin in the beginning of"}, {"start": "00:15:02", "end": "00:15:07", "text": "the year. They had to sell one Bitcoin"}, {"start": "00:15:05", "end": "00:15:09", "text": "to cover the payments. Now they've"}, {"start": "00:15:07", "end": "00:15:12", "text": "accumulated nine Bitcoin."}, {"start": "00:15:09", "end": "00:15:13", "text": ">> Yeah, it it's working. like it's this is"}, {"start": "00:15:12", "end": "00:15:15", "text": "not"}, {"start": "00:15:13", "end": "00:15:16", "text": ">> horribly scary. So that's just if you"}, {"start": "00:15:15", "end": "00:15:18", "text": "simplify it like that, like, oh, okay,"}, {"start": "00:15:16", "end": "00:15:20", "text": "so we raised money and we bought 10"}, {"start": "00:15:18", "end": "00:15:22", "text": "Bitcoin. We had to sell one Bitcoin to"}, {"start": "00:15:20", "end": "00:15:24", "text": "cover payments and we're good for a"}, {"start": "00:15:22", "end": "00:15:26", "text": "while. We still have nine Bitcoin and"}, {"start": "00:15:24", "end": "00:15:29", "text": "they're still raising more money. So"}, {"start": "00:15:26", "end": "00:15:30", "text": "just to put it real simple,"}, {"start": "00:15:29", "end": "00:15:32", "text": ">> it's pretty healthy."}, {"start": "00:15:30", "end": "00:15:34", "text": ">> And like we were saying when it was"}, {"start": "00:15:32", "end": "00:15:37", "text": "beaten down bad, like, hey, it's MSTR"}, {"start": "00:15:34", "end": "00:15:39", "text": "was at my was in my buy zone. and STRC"}, {"start": "00:15:37", "end": "00:15:42", "text": "even even being depedged was like, man,"}, {"start": "00:15:39", "end": "00:15:43", "text": "if you're looking for income generating"}, {"start": "00:15:42", "end": "00:15:45", "text": "revenue,"}, {"start": "00:15:43", "end": "00:15:47", "text": ">> you can get a 20% pump and some"}, {"start": "00:15:45", "end": "00:15:48", "text": "dividends might might not be a bad time."}, {"start": "00:15:47", "end": "00:15:50", "text": "So, I just wanted to put that out there"}, {"start": "00:15:48", "end": "00:15:53", "text": ">> on separating emotions out of it. This"}, {"start": "00:15:50", "end": "00:15:57", "text": "is Bitcoin on the six-month chart. Okay."}, {"start": "00:15:53", "end": "00:16:01", "text": "So, it's never had three negative"}, {"start": "00:15:57", "end": "00:16:02", "text": "six-month candles ever. And it is"}, {"start": "00:16:01", "end": "00:16:05", "text": "showing a little bit of bottoming out"}, {"start": "00:16:02", "end": "00:16:06", "text": "structure here on this previous all-time"}, {"start": "00:16:05", "end": "00:16:09", "text": "high candle wick, which is something"}, {"start": "00:16:06", "end": "00:16:12", "text": "that has done really cycle over cycle"}, {"start": "00:16:09", "end": "00:16:14", "text": "here. You know, you have the wick out of"}, {"start": "00:16:12", "end": "00:16:17", "text": "2017 shown as the bottoming support"}, {"start": "00:16:14", "end": "00:16:19", "text": "candles of 2023."}, {"start": "00:16:17", "end": "00:16:21", "text": "And our current situation is basically a"}, {"start": "00:16:19", "end": "00:16:23", "text": "rinse and repeat. So when it's when it"}, {"start": "00:16:21", "end": "00:16:25", "text": "comes to crypto and Bitcoin, I can"}, {"start": "00:16:23", "end": "00:16:27", "text": "understand it beca it can be very"}, {"start": "00:16:25", "end": "00:16:29", "text": "emotional because of the percentage"}, {"start": "00:16:27", "end": "00:16:31", "text": "gains and losses from month to month,"}, {"start": "00:16:29", "end": "00:16:33", "text": "it's intense. I get it. But if you"}, {"start": "00:16:31", "end": "00:16:36", "text": "really are sitting here looking at the"}, {"start": "00:16:33", "end": "00:16:39", "text": "six-month chart and you understand that"}, {"start": "00:16:36", "end": "00:16:41", "text": "this is basically just a parabola with a"}, {"start": "00:16:39", "end": "00:16:43", "text": "resetting pattern on it, then you"}, {"start": "00:16:41", "end": "00:16:46", "text": "understand how to take advantage of the"}, {"start": "00:16:43", "end": "00:16:47", "text": "scenario in a more concentrated and and"}, {"start": "00:16:46", "end": "00:16:49", "text": "honestly I'm not even going to say"}, {"start": "00:16:47", "end": "00:16:52", "text": "conservative. I'm I'm buying Bitcoin"}, {"start": "00:16:49", "end": "00:16:55", "text": "very aggressively in this dip and it's"}, {"start": "00:16:52", "end": "00:16:57", "text": "I've done it a few cycles over. Um"}, {"start": "00:16:55", "end": "00:16:59", "text": "really the difficulty here and I kind of"}, {"start": "00:16:57", "end": "00:17:01", "text": "talked about this in school is now we"}, {"start": "00:16:59", "end": "00:17:03", "text": "have 30 million altcoins, right? So"}, {"start": "00:17:01", "end": "00:17:05", "text": "understanding what the best altcoin is"}, {"start": "00:17:03", "end": "00:17:08", "text": "out of 30 million tokens. That's where"}, {"start": "00:17:05", "end": "00:17:09", "text": "the real magic can happen. And um I"}, {"start": "00:17:08", "end": "00:17:12", "text": "think I got a pretty good compass on"}, {"start": "00:17:09", "end": "00:17:14", "text": "that going into I've been buying some"}, {"start": "00:17:12", "end": "00:17:17", "text": "alts recently. You know, I've been kind"}, {"start": "00:17:14", "end": "00:17:18", "text": "of unwinding some Tether and uh picking"}, {"start": "00:17:17", "end": "00:17:20", "text": "up some all bags, but there's a little"}, {"start": "00:17:18", "end": "00:17:23", "text": "feud going on between Vitalic Buterine"}, {"start": "00:17:20", "end": "00:17:25", "text": "and Michael Sailor. Sailor says Bitcoin"}, {"start": "00:17:23", "end": "00:17:27", "text": "will evolve by changing less at the"}, {"start": "00:17:25", "end": "00:17:29", "text": "protocol layer just after Vitalic"}, {"start": "00:17:27", "end": "00:17:32", "text": "Buterine said Ethereum is entering its"}, {"start": "00:17:29", "end": "00:17:34", "text": "biggest rebuild since the merge. The"}, {"start": "00:17:32", "end": "00:17:36", "text": "Sailor's thesis is that Bitcoin's base"}, {"start": "00:17:34", "end": "00:17:37", "text": "layer should harden over time while"}, {"start": "00:17:36", "end": "00:17:40", "text": "wallets, apps, and institutions and"}, {"start": "00:17:37", "end": "00:17:42", "text": "markets build around it. And Buterine"}, {"start": "00:17:40", "end": "00:17:44", "text": "says that Ethereum's new layer could"}, {"start": "00:17:42", "end": "00:17:46", "text": "replace nearly every major part of the"}, {"start": "00:17:44", "end": "00:17:48", "text": "Ethereum network for quantum resistance,"}, {"start": "00:17:46", "end": "00:17:52", "text": "privacy, and scaling. So, two different"}, {"start": "00:17:48", "end": "00:17:54", "text": "roads definitely being taken here. Um,"}, {"start": "00:17:52", "end": "00:17:55", "text": "and this is interesting because I saw"}, {"start": "00:17:54", "end": "00:17:58", "text": "David Bailey with this post about the"}, {"start": "00:17:55", "end": "00:17:58", "text": "BIP 110 attackers."}, {"start": "00:17:58", "end": "00:18:01", "text": ">> Mhm."}, {"start": "00:17:58", "end": "00:18:03", "text": ">> And you know, it's not a software update"}, {"start": "00:18:01", "end": "00:18:06", "text": "in his opinion. It's he views this as a"}, {"start": "00:18:03", "end": "00:18:08", "text": "force takeover. a contentious 51% attack"}, {"start": "00:18:06", "end": "00:18:10", "text": "successfully seizing control of"}, {"start": "00:18:08", "end": "00:18:12", "text": "Bitcoin's protocol development. And if"}, {"start": "00:18:10", "end": "00:18:14", "text": "it were to crown one developer king, it"}, {"start": "00:18:12", "end": "00:18:16", "text": "would be a single biggest crisis in"}, {"start": "00:18:14", "end": "00:18:18", "text": "Bitcoin history. Millions of Bitcoin"}, {"start": "00:18:16", "end": "00:18:20", "text": "would be sold by those long-term"}, {"start": "00:18:18", "end": "00:18:22", "text": "holders. And this would cause a real"}, {"start": "00:18:20", "end": "00:18:23", "text": "price crash, not a little bare market."}, {"start": "00:18:22", "end": "00:18:25", "text": "Hundreds of millions of innocent,"}, {"start": "00:18:23", "end": "00:18:27", "text": "unaware users would be financially"}, {"start": "00:18:25", "end": "00:18:29", "text": "devastated, and all the credibility that"}, {"start": "00:18:27", "end": "00:18:31", "text": "Bitcoin had built in the world would be"}, {"start": "00:18:29", "end": "00:18:33", "text": "wiped out. Very interesting to see this"}, {"start": "00:18:31", "end": "00:18:36", "text": "happening. Uh but he says at the end of"}, {"start": "00:18:33", "end": "00:18:38", "text": "this, \"Fortunately, Bitcoin works like"}, {"start": "00:18:36", "end": "00:18:40", "text": "we thought it would. The attack never"}, {"start": "00:18:38", "end": "00:18:43", "text": "stood a chance. Future attackers take"}, {"start": "00:18:40", "end": "00:18:45", "text": "note. Consensus does not bend to your"}, {"start": "00:18:43", "end": "00:18:48", "text": "will.\" So definitely like that write up"}, {"start": "00:18:45", "end": "00:18:50", "text": "from David Bailey. Um but on the side of"}, {"start": "00:18:48", "end": "00:18:51", "text": "Ethereum, there's a lot of changes"}, {"start": "00:18:50", "end": "00:18:54", "text": "happening right now. We obviously"}, {"start": "00:18:51", "end": "00:18:56", "text": "covered the workforce reduction. We"}, {"start": "00:18:54", "end": "00:18:58", "text": "covered the Ethereum Foundation sales"}, {"start": "00:18:56", "end": "00:19:00", "text": "and a lot of movements towards quantum"}, {"start": "00:18:58", "end": "00:19:03", "text": "resistance. Ethereum Foundation went"}, {"start": "00:19:00", "end": "00:19:06", "text": "from holding about 17% of ETH supply at"}, {"start": "00:19:03", "end": "00:19:09", "text": "launch to basically.1%"}, {"start": "00:19:06", "end": "00:19:11", "text": "today. They sold $700 million worth of"}, {"start": "00:19:09", "end": "00:19:15", "text": "the token over 5 years at an average"}, {"start": "00:19:11", "end": "00:19:16", "text": "price of 3500. Great profit taking right"}, {"start": "00:19:15", "end": "00:19:21", "text": "there. I mean, you got to respect that"}, {"start": "00:19:16", "end": "00:19:23", "text": "game. Last sale was 25,000 ETH at 2400"}, {"start": "00:19:21", "end": "00:19:26", "text": "and now running 3 to nine months of"}, {"start": "00:19:23", "end": "00:19:30", "text": "runway with 40% of budget cuts and 25"}, {"start": "00:19:26", "end": "00:19:32", "text": "20% workforce reduction. They did lose"}, {"start": "00:19:30", "end": "00:19:34", "text": "nine key researchers departing since"}, {"start": "00:19:32", "end": "00:19:38", "text": "January this year. Uh little bit of"}, {"start": "00:19:34", "end": "00:19:43", "text": "reorganization, but Bitine is now"}, {"start": "00:19:38", "end": "00:19:45", "text": "sitting on 5.7 million Ethereum, 4.7% of"}, {"start": "00:19:43", "end": "00:19:49", "text": "the total supply and 86% staked"}, {"start": "00:19:45", "end": "00:19:52", "text": "generating 211 million a year. That is a"}, {"start": "00:19:49", "end": "00:19:53", "text": "major shift out of here"}, {"start": "00:19:52", "end": "00:19:55", "text": ">> and it's kind of two different roads"}, {"start": "00:19:53", "end": "00:19:58", "text": "where ETH foundation building towards"}, {"start": "00:19:55", "end": "00:20:00", "text": "quantum resistance, lessening their"}, {"start": "00:19:58", "end": "00:20:03", "text": "control of the supply and Bitmine kind"}, {"start": "00:20:00", "end": "00:20:07", "text": "of steps in as that near 5% controlling"}, {"start": "00:20:03", "end": "00:20:10", "text": "entity. Um, two very very different"}, {"start": "00:20:07", "end": "00:20:12", "text": "approaches here. And you know, when I"}, {"start": "00:20:10", "end": "00:20:15", "text": "look at it, I still do consider Ethereum"}, {"start": "00:20:12", "end": "00:20:18", "text": "an altcoin, but almost not anymore"}, {"start": "00:20:15", "end": "00:20:20", "text": "because of how many stable coins are"}, {"start": "00:20:18", "end": "00:20:22", "text": "being rolled out on the Ethereum network"}, {"start": "00:20:20", "end": "00:20:25", "text": "and the government level interest of"}, {"start": "00:20:22", "end": "00:20:27", "text": "those stable coin systems succeeding,"}, {"start": "00:20:25", "end": "00:20:31", "text": "right? So, kind of two different roads"}, {"start": "00:20:27", "end": "00:20:33", "text": "here. Um, and on Ethereum from a chart"}, {"start": "00:20:31", "end": "00:20:35", "text": "perspective is looking good. So, what"}, {"start": "00:20:33", "end": "00:20:36", "text": "are you thinking here? No, I was going"}, {"start": "00:20:35", "end": "00:20:39", "text": "to say I think it's interesting the"}, {"start": "00:20:36", "end": "00:20:42", "text": "Sailor versus Vitalic discussion you"}, {"start": "00:20:39", "end": "00:20:44", "text": "mentioned because I effectively agree"}, {"start": "00:20:42", "end": "00:20:47", "text": "with both of them. I think Bitcoin"}, {"start": "00:20:44", "end": "00:20:50", "text": "remaining the same and not changing is"}, {"start": "00:20:47", "end": "00:20:51", "text": "critical uh because when something's"}, {"start": "00:20:50", "end": "00:20:52", "text": "supposed to be a store of value, you"}, {"start": "00:20:51", "end": "00:20:54", "text": "don't want to think feel like people are"}, {"start": "00:20:52", "end": "00:20:56", "text": "going to change rules on you. Obviously,"}, {"start": "00:20:54", "end": "00:20:58", "text": "it needs to be secure, which I think it"}, {"start": "00:20:56", "end": "00:21:01", "text": "is. And I think the people that the"}, {"start": "00:20:58", "end": "00:21:03", "text": "Bitcoin core developers are absolutely"}, {"start": "00:21:01", "end": "00:21:05", "text": "the type of people you want uh kind of"}, {"start": "00:21:03", "end": "00:21:06", "text": "keeping your stuff safe when it comes to"}, {"start": "00:21:05", "end": "00:21:06", "text": "quantum."}, {"start": "00:21:06", "end": "00:21:09", "text": ">> Yeah."}, {"start": "00:21:06", "end": "00:21:11", "text": ">> And I think Ethereum is not Bitcoin. And"}, {"start": "00:21:09", "end": "00:21:13", "text": "I think Ethereum in order for it to do"}, {"start": "00:21:11", "end": "00:21:16", "text": "what it it wants to do and for it to"}, {"start": "00:21:13", "end": "00:21:19", "text": "move towards its mission uh it needs to"}, {"start": "00:21:16", "end": "00:21:21", "text": "adapt and grow and uh upgrade as needed."}, {"start": "00:21:19", "end": "00:21:22", "text": "So obviously they're talking about"}, {"start": "00:21:21", "end": "00:21:25", "text": "really what they're trying to do is"}, {"start": "00:21:22", "end": "00:21:27", "text": "rebuild a lot of the core be faster,"}, {"start": "00:21:25", "end": "00:21:28", "text": "more private, quantum safe without"}, {"start": "00:21:27", "end": "00:21:30", "text": "breaking anything that's built on top of"}, {"start": "00:21:28", "end": "00:21:33", "text": "it, which much easier said than done,"}, {"start": "00:21:30", "end": "00:21:35", "text": "but what they did uh with the merge was"}, {"start": "00:21:33", "end": "00:21:37", "text": "quite impressive obviously at the time."}, {"start": "00:21:35", "end": "00:21:40", "text": "So I believe they're going to be able to"}, {"start": "00:21:37", "end": "00:21:42", "text": "pull this off again. And I think this is"}, {"start": "00:21:40", "end": "00:21:45", "text": "actually extremely good. to your point,"}, {"start": "00:21:42", "end": "00:21:46", "text": "the way DeFi and stable coins and, you"}, {"start": "00:21:45", "end": "00:21:48", "text": "know, kind of the future of stocks and"}, {"start": "00:21:46", "end": "00:21:50", "text": "all that sort of stuff is built on"}, {"start": "00:21:48", "end": "00:21:52", "text": "Ethereum, I think, is going to continue,"}, {"start": "00:21:50", "end": "00:21:54", "text": "but that is going to need to they're"}, {"start": "00:21:52", "end": "00:21:55", "text": "going to need to adapt the network as"}, {"start": "00:21:54", "end": "00:21:56", "text": "that stuff happens now,"}, {"start": "00:21:55", "end": "00:21:59", "text": ">> right?"}, {"start": "00:21:56", "end": "00:22:01", "text": ">> Uh, and that's why Ethereum and Bitcoin"}, {"start": "00:21:59", "end": "00:22:03", "text": "fundamentally will be different because"}, {"start": "00:22:01", "end": "00:22:06", "text": "nobody's going to want to store"}, {"start": "00:22:03", "end": "00:22:08", "text": "long-term wealth necessarily in it's"}, {"start": "00:22:06", "end": "00:22:10", "text": "it's much more speculative still in my"}, {"start": "00:22:08", "end": "00:22:13", "text": "opinion on Ethereum. You're betting on a"}, {"start": "00:22:10", "end": "00:22:16", "text": "network. you're betting on uh it being"}, {"start": "00:22:13", "end": "00:22:17", "text": "the future of transactions and smart the"}, {"start": "00:22:16", "end": "00:22:19", "text": "main smart contract platform where"}, {"start": "00:22:17", "end": "00:22:21", "text": "Bitcoin it's really just a store of"}, {"start": "00:22:19", "end": "00:22:24", "text": "energy a store of value however you want"}, {"start": "00:22:21", "end": "00:22:26", "text": "to quantify that you know no pun"}, {"start": "00:22:24", "end": "00:22:27", "text": "intended but however you want to"}, {"start": "00:22:26", "end": "00:22:30", "text": "establish that in your mind but the way"}, {"start": "00:22:27", "end": "00:22:32", "text": "I view it is all my savings and all my"}, {"start": "00:22:30", "end": "00:22:33", "text": "long-term stored up energy whether"}, {"start": "00:22:32", "end": "00:22:36", "text": "that's you know which is really all"}, {"start": "00:22:33", "end": "00:22:39", "text": "money is is stored energy uh stored"}, {"start": "00:22:36", "end": "00:22:41", "text": "value it sits in Bitcoin and then other"}, {"start": "00:22:39", "end": "00:22:44", "text": "things that I'm trying to grow that with"}, {"start": "00:22:41", "end": "00:22:47", "text": "whether that's uh Ethereum or altcoins"}, {"start": "00:22:44", "end": "00:22:49", "text": "or whatever it is um you know does need"}, {"start": "00:22:47", "end": "00:22:51", "text": "to change and adapt and we're seeing"}, {"start": "00:22:49", "end": "00:22:52", "text": "that all the time with DeFi. We're"}, {"start": "00:22:51", "end": "00:22:55", "text": "seeing that all the time with apps and"}, {"start": "00:22:52", "end": "00:22:59", "text": "and really yeah the the future of"}, {"start": "00:22:55", "end": "00:23:01", "text": "markets I think will be built on"}, {"start": "00:22:59", "end": "00:23:04", "text": "blockchain smart contract platform"}, {"start": "00:23:01", "end": "00:23:07", "text": "Ethereum maybe some Salana whereas you"}, {"start": "00:23:04", "end": "00:23:09", "text": "know Bitcoin will always be Bitcoin and"}, {"start": "00:23:07", "end": "00:23:10", "text": "that's that's the way it should be and"}, {"start": "00:23:09", "end": "00:23:13", "text": "that's what we should all be rooting for"}, {"start": "00:23:10", "end": "00:23:15", "text": "in my opinion. Yeah, and I saw someone's"}, {"start": "00:23:13", "end": "00:23:17", "text": "comment here in the uh chat. Ethereum"}, {"start": "00:23:15", "end": "00:23:20", "text": "being kind of like the government chain."}, {"start": "00:23:17", "end": "00:23:23", "text": "Eventually, there is something very big"}, {"start": "00:23:20", "end": "00:23:26", "text": "to take in account that there are"}, {"start": "00:23:23", "end": "00:23:28", "text": "Federal Reserve and central bank level"}, {"start": "00:23:26", "end": "00:23:30", "text": "concerns that are now being sparked not"}, {"start": "00:23:28", "end": "00:23:32", "text": "only of AI and its introduction into the"}, {"start": "00:23:30", "end": "00:23:34", "text": "financial markets, but really what's"}, {"start": "00:23:32", "end": "00:23:37", "text": "happening on the economy that we've"}, {"start": "00:23:34", "end": "00:23:39", "text": "operated on for the last say 50 70"}, {"start": "00:23:37", "end": "00:23:42", "text": "years. And this is a key macro point I"}, {"start": "00:23:39", "end": "00:23:44", "text": "saw come out from Kobe letter. Full-time"}, {"start": "00:23:42", "end": "00:23:46", "text": "jobs in the US are falling at a very"}, {"start": "00:23:44", "end": "00:23:49", "text": "concerning rate. Uh the un the full-time"}, {"start": "00:23:46", "end": "00:23:53", "text": "employment keyword full-time is down a"}, {"start": "00:23:49", "end": "00:23:57", "text": "half a million jobs in June to 136 133"}, {"start": "00:23:53", "end": "00:23:58", "text": "million, lowest since December of 2024."}, {"start": "00:23:57", "end": "00:24:01", "text": "But this is the third consecutive"}, {"start": "00:23:58", "end": "00:24:03", "text": "monthly decline totaling over a million"}, {"start": "00:24:01", "end": "00:24:06", "text": "since January of 25. Full-time"}, {"start": "00:24:03", "end": "00:24:08", "text": "employment has fallen by 2.2 million."}, {"start": "00:24:06", "end": "00:24:12", "text": "This also brings full-time employment"}, {"start": "00:24:08", "end": "00:24:16", "text": "back to levels seen in Q1 of 2023."}, {"start": "00:24:12", "end": "00:24:17", "text": "This really is uh the a sign that the"}, {"start": "00:24:16", "end": "00:24:19", "text": "weakness and I like how they wrap this"}, {"start": "00:24:17", "end": "00:24:21", "text": "up. Weakness in the US labor market is"}, {"start": "00:24:19", "end": "00:24:23", "text": "accelerating, but you are going to have"}, {"start": "00:24:21", "end": "00:24:25", "text": "conflicting data points because now"}, {"start": "00:24:23", "end": "00:24:27", "text": "people are working multiple jobs. And I"}, {"start": "00:24:25", "end": "00:24:29", "text": "saw Lyn Alden come out with a"}, {"start": "00:24:27", "end": "00:24:31", "text": "conversation about this is very very"}, {"start": "00:24:29", "end": "00:24:34", "text": "interesting. Here I'll see if I got this"}, {"start": "00:24:31", "end": "00:24:38", "text": "uh muted. I I want to play this video."}, {"start": "00:24:34", "end": "00:24:41", "text": "Lyn Alden on the Peter McCormick show"}, {"start": "00:24:38", "end": "00:24:43", "text": "talking about kind of the way that we"}, {"start": "00:24:41", "end": "00:24:46", "text": "know money in modern monetary systems"}, {"start": "00:24:43", "end": "00:24:48", "text": "has been for 55 years. It's kind of like"}, {"start": "00:24:46", "end": "00:24:50", "text": "it's been a grand experiment that's"}, {"start": "00:24:48", "end": "00:24:51", "text": "coming to its close. So, I'm going to"}, {"start": "00:24:50", "end": "00:24:53", "text": "check this video out real quick. I know"}, {"start": "00:24:51", "end": "00:24:54", "text": "everyone has their own feelings about"}, {"start": "00:24:53", "end": "00:24:56", "text": "Lynn, but let's have a listen to this. I"}, {"start": "00:24:54", "end": "00:24:57", "text": "thought this was pretty insightful."}, {"start": "00:24:56", "end": "00:25:00", "text": ">> Um, and that even the central banking"}, {"start": "00:24:57", "end": "00:25:01", "text": "system itself, it goes back further, but"}, {"start": "00:25:00", "end": "00:25:04", "text": "still not that that long in the current"}, {"start": "00:25:01", "end": "00:25:05", "text": "form. Uh so it's kind of like this been"}, {"start": "00:25:04", "end": "00:25:08", "text": "this grand experiment that the whole"}, {"start": "00:25:05", "end": "00:25:10", "text": "world has done. Uh basically can as a"}, {"start": "00:25:08", "end": "00:25:12", "text": "nation instead of relying on a natural"}, {"start": "00:25:10", "end": "00:25:13", "text": "ledger like you know precious metals"}, {"start": "00:25:12", "end": "00:25:15", "text": "that we don't we don't really have the"}, {"start": "00:25:13", "end": "00:25:17", "text": "rules for we have to just mine it and do"}, {"start": "00:25:15", "end": "00:25:19", "text": "things like that. Can we run our own"}, {"start": "00:25:17", "end": "00:25:21", "text": "ledger? You know, millions of people,"}, {"start": "00:25:19", "end": "00:25:23", "text": "can they run a ledger and sustain it"}, {"start": "00:25:21", "end": "00:25:26", "text": "over the long term? And the answer so"}, {"start": "00:25:23", "end": "00:25:28", "text": "far is that in almost every country"}, {"start": "00:25:26", "end": "00:25:30", "text": "imbalances slowly grow uh and it comes"}, {"start": "00:25:28", "end": "00:25:32", "text": "out, we we see it in debt levels, but"}, {"start": "00:25:30", "end": "00:25:35", "text": "then we do see it usually in rising"}, {"start": "00:25:32", "end": "00:25:36", "text": "populism and other issues like that. But"}, {"start": "00:25:35", "end": "00:25:38", "text": "I I do think that this phase, even"}, {"start": "00:25:36", "end": "00:25:40", "text": "though we are far into it, is probably"}, {"start": "00:25:38", "end": "00:25:42", "text": "going to last longer than people think."}, {"start": "00:25:40", "end": "00:25:44", "text": ">> And that's exactly what I meant when I"}, {"start": "00:25:42", "end": "00:25:46", "text": "when I fist bumped the the Japanese"}, {"start": "00:25:44", "end": "00:25:48", "text": "fella. Here's to another two and a half"}, {"start": "00:25:46", "end": "00:25:49", "text": "centuries of this SCOP continuing,"}, {"start": "00:25:48", "end": "00:25:53", "text": "right? And that's where you have to have"}, {"start": "00:25:49", "end": "00:25:56", "text": "the balance of, you know, yes, there are"}, {"start": "00:25:53", "end": "00:25:58", "text": "a moment that is possible in our current"}, {"start": "00:25:56", "end": "00:26:00", "text": "financial system where they push it too"}, {"start": "00:25:58", "end": "00:26:03", "text": "far and enter a cataclysm and then you"}, {"start": "00:26:00", "end": "00:26:06", "text": "enter kind of the cipher punk hyper"}, {"start": "00:26:03", "end": "00:26:08", "text": "bitcoinization theory playing out. But"}, {"start": "00:26:06", "end": "00:26:10", "text": "this is where it's kind of important to"}, {"start": "00:26:08", "end": "00:26:12", "text": "have a balance where Ethereum we can"}, {"start": "00:26:10", "end": "00:26:14", "text": "obviously see these governments are"}, {"start": "00:26:12", "end": "00:26:17", "text": "rolling out in the air foaming at the"}, {"start": "00:26:14", "end": "00:26:20", "text": "mouth for stable coin institution and"}, {"start": "00:26:17", "end": "00:26:22", "text": "kind of tokenizing the way we know money"}, {"start": "00:26:20", "end": "00:26:25", "text": "itself is right now. And this is where"}, {"start": "00:26:22", "end": "00:26:26", "text": "the centralized proofofstake systems are"}, {"start": "00:26:25", "end": "00:26:28", "text": "going to have their advantage. But the"}, {"start": "00:26:26", "end": "00:26:31", "text": "proof of work, the consensus network,"}, {"start": "00:26:28", "end": "00:26:33", "text": "the decentralization of Bitcoin is that"}, {"start": "00:26:31", "end": "00:26:36", "text": "groundwork that all of this is being"}, {"start": "00:26:33", "end": "00:26:39", "text": "built upon on the shoulders of. So when"}, {"start": "00:26:36", "end": "00:26:41", "text": "I see this and then I also understand"}, {"start": "00:26:39", "end": "00:26:45", "text": "that there are warnings that central"}, {"start": "00:26:41", "end": "00:26:48", "text": "banks are giving about what AI can do."}, {"start": "00:26:45", "end": "00:26:52", "text": "This is a 20-headed hydro where crypto"}, {"start": "00:26:48", "end": "00:26:55", "text": "and AI agents in tandem can out uh"}, {"start": "00:26:52", "end": "00:26:57", "text": "outdevelop really the pace that central"}, {"start": "00:26:55", "end": "00:26:58", "text": "bankers can regulate these things coming"}, {"start": "00:26:57", "end": "00:27:01", "text": "out. And it was talked about by uh"}, {"start": "00:26:58", "end": "00:27:03", "text": "Christine Lagarde here. Central bankers"}, {"start": "00:27:01", "end": "00:27:04", "text": "sounding the alarm over agentic AI"}, {"start": "00:27:03", "end": "00:27:07", "text": "finance risks"}, {"start": "00:27:04", "end": "00:27:09", "text": ">> which I just want for perspective."}, {"start": "00:27:07", "end": "00:27:10", "text": "Christine Lagarde is effective she's the"}, {"start": "00:27:09", "end": "00:27:13", "text": "head of the central bank in Europe. So"}, {"start": "00:27:10", "end": "00:27:15", "text": "effectively like we have"}, {"start": "00:27:13", "end": "00:27:18", "text": ">> previously Jerome Pal, now Kevin Walsh"}, {"start": "00:27:15", "end": "00:27:20", "text": "as the head of the the US, the Fed, the"}, {"start": "00:27:18", "end": "00:27:22", "text": "Federal Reserve here in the US, she's"}, {"start": "00:27:20", "end": "00:27:25", "text": "over uh Europe. So you know, very"}, {"start": "00:27:22", "end": "00:27:27", "text": "substantial person to be, you know, not"}, {"start": "00:27:25", "end": "00:27:28", "text": "not the best opinions, but high seat of"}, {"start": "00:27:27", "end": "00:27:30", "text": "power."}, {"start": "00:27:28", "end": "00:27:32", "text": ">> Yeah. And she's probably a witch, right?"}, {"start": "00:27:30", "end": "00:27:35", "text": "Um just had to say that. But the"}, {"start": "00:27:32", "end": "00:27:37", "text": "regulators and central bankers have"}, {"start": "00:27:35", "end": "00:27:39", "text": "warned the rulemaking cannot keep pace"}, {"start": "00:27:37", "end": "00:27:42", "text": "with the rapid advances in agentic"}, {"start": "00:27:39", "end": "00:27:44", "text": "artificial intelligence and have called"}, {"start": "00:27:42", "end": "00:27:47", "text": "for guard rails to protect their current"}, {"start": "00:27:44", "end": "00:27:49", "text": "financial system. It's a threat. Bank of"}, {"start": "00:27:47", "end": "00:27:51", "text": "England deputy governor Sarah Breeden is"}, {"start": "00:27:49", "end": "00:27:54", "text": "one of the several central bankers who"}, {"start": "00:27:51", "end": "00:27:55", "text": "have said that Agentic AI could amplify"}, {"start": "00:27:54", "end": "00:27:58", "text": "volatility during bouts of market"}, {"start": "00:27:55", "end": "00:28:00", "text": "stress. Reeden questioned if guard rails"}, {"start": "00:27:58", "end": "00:28:02", "text": "are needed analoges to circuit breakers"}, {"start": "00:28:00", "end": "00:28:05", "text": "or kill switches that would limit or"}, {"start": "00:28:02", "end": "00:28:08", "text": "stop trading marketwide if faulty AI"}, {"start": "00:28:05", "end": "00:28:10", "text": "models caused a market meltdown. She"}, {"start": "00:28:08", "end": "00:28:13", "text": "said at the European Central Bank annual"}, {"start": "00:28:10", "end": "00:28:15", "text": "meeting in CRA Portugal on Tuesday. uh"}, {"start": "00:28:13", "end": "00:28:18", "text": "European Central Bank President"}, {"start": "00:28:15", "end": "00:28:20", "text": "Christine Lagard the uh as TJ explained"}, {"start": "00:28:18", "end": "00:28:23", "text": "kind of the head of the whole European"}, {"start": "00:28:20", "end": "00:28:25", "text": "Union central banking system and she"}, {"start": "00:28:23", "end": "00:28:28", "text": "took an interview with French outlet Les"}, {"start": "00:28:25", "end": "00:28:31", "text": "Echos and warned AI tech poses a major"}, {"start": "00:28:28", "end": "00:28:33", "text": "risk with acceleration and deeping of AI"}, {"start": "00:28:31", "end": "00:28:36", "text": "models we are confronted with a much"}, {"start": "00:28:33", "end": "00:28:38", "text": "more serious uh risk because it's"}, {"start": "00:28:36", "end": "00:28:40", "text": "happening very very quickly because it"}, {"start": "00:28:38", "end": "00:28:43", "text": "means in because of the means of defense"}, {"start": "00:28:40", "end": "00:28:46", "text": "and the funding required for them have"}, {"start": "00:28:43", "end": "00:28:49", "text": "yet to be found. Uh Nikil Rati, CEO of"}, {"start": "00:28:46", "end": "00:28:51", "text": "UK Financial Conduct Authority told"}, {"start": "00:28:49", "end": "00:28:53", "text": "Squawkbox that traditional regulation"}, {"start": "00:28:51", "end": "00:28:55", "text": "cycles don't work in the era of"}, {"start": "00:28:53", "end": "00:28:58", "text": "fast-moving AI development. The reality"}, {"start": "00:28:55", "end": "00:29:00", "text": "is some of these tech uh some of these"}, {"start": "00:28:58", "end": "00:29:02", "text": "technology now move in weeks or months"}, {"start": "00:29:00", "end": "00:29:05", "text": "and the traditional cycle of rulem"}, {"start": "00:29:02", "end": "00:29:06", "text": "simply does not work in that way. So we"}, {"start": "00:29:05", "end": "00:29:08", "text": "need to think about new tools and"}, {"start": "00:29:06", "end": "00:29:09", "text": "different ways of working with the"}, {"start": "00:29:08", "end": "00:29:12", "text": "market in a collaborative way. were"}, {"start": "00:29:09", "end": "00:29:14", "text": "outpn innovation is outpacing"}, {"start": "00:29:12", "end": "00:29:16", "text": "regulation. It's shown very clearly here"}, {"start": "00:29:14", "end": "00:29:19", "text": "in the United States as the Clarity Act"}, {"start": "00:29:16", "end": "00:29:21", "text": "has missed its July 4th signing target"}, {"start": "00:29:19", "end": "00:29:24", "text": "and now faces a harder deadline of"}, {"start": "00:29:21", "end": "00:29:26", "text": "August 7th. Uh God, these recesses are"}, {"start": "00:29:24", "end": "00:29:28", "text": "going to be cutting in so deeply into"}, {"start": "00:29:26", "end": "00:29:30", "text": "our ability to push the Clarity Act"}, {"start": "00:29:28", "end": "00:29:34", "text": "forward this year, the last day before"}, {"start": "00:29:30", "end": "00:29:36", "text": "the Senate summer recess. So, I don't"}, {"start": "00:29:34", "end": "00:29:37", "text": "know, TJ,"}, {"start": "00:29:36", "end": "00:29:38", "text": "this is probably not going to move"}, {"start": "00:29:37", "end": "00:29:40", "text": "forward. I don't think this is moving"}, {"start": "00:29:38", "end": "00:29:42", "text": "forward. Um,"}, {"start": "00:29:40", "end": "00:29:44", "text": ">> yeah, I mean, this seems to be Yeah, it"}, {"start": "00:29:42", "end": "00:29:46", "text": "I think it will get done at some point,"}, {"start": "00:29:44", "end": "00:29:48", "text": "but I'm not betting on when at this"}, {"start": "00:29:46", "end": "00:29:51", "text": "point. Like I said, I This was what I"}, {"start": "00:29:48", "end": "00:29:52", "text": "thought could have I said last year,"}, {"start": "00:29:51", "end": "00:29:54", "text": "like if they were able to get this done"}, {"start": "00:29:52", "end": "00:29:58", "text": "in December or beginning of the year"}, {"start": "00:29:54", "end": "00:29:59", "text": "could have extended a bull market rally."}, {"start": "00:29:58", "end": "00:30:01", "text": "At this point, it's been moved and"}, {"start": "00:29:59", "end": "00:30:03", "text": "shifted. It's so politicized. I have no"}, {"start": "00:30:01", "end": "00:30:04", "text": "idea when it's going to get done. You"}, {"start": "00:30:03", "end": "00:30:07", "text": "you got banks, you know, kind of old"}, {"start": "00:30:04", "end": "00:30:09", "text": "money fighting new money. you know, the"}, {"start": "00:30:07", "end": "00:30:11", "text": "difference of governments and and wealth"}, {"start": "00:30:09", "end": "00:30:13", "text": "kind of going to battle here. I think it"}, {"start": "00:30:11", "end": "00:30:15", "text": "will get passed, but I have no idea what"}, {"start": "00:30:13", "end": "00:30:17", "text": "state it will be in when it does get"}, {"start": "00:30:15", "end": "00:30:19", "text": "passed. Like state meaning uh not like"}, {"start": "00:30:17", "end": "00:30:21", "text": "US state, but like I have no idea what"}, {"start": "00:30:19", "end": "00:30:23", "text": "shape and what the final wording is"}, {"start": "00:30:21", "end": "00:30:26", "text": "going to be. And it may not end up being"}, {"start": "00:30:23", "end": "00:30:28", "text": "as beneficial as we all hoped, but it"}, {"start": "00:30:26", "end": "00:30:30", "text": "will it will get passed. Uh I don't know"}, {"start": "00:30:28", "end": "00:30:31", "text": "about this year, maybe late this year,"}, {"start": "00:30:30", "end": "00:30:33", "text": "maybe it happens next year, and then"}, {"start": "00:30:31", "end": "00:30:36", "text": "that's what starts kind of really"}, {"start": "00:30:33", "end": "00:30:38", "text": "pushing us up. But once it does, it does"}, {"start": "00:30:36", "end": "00:30:40", "text": "clear the path for a lot more big money"}, {"start": "00:30:38", "end": "00:30:43", "text": "to uh to make its way in."}, {"start": "00:30:40", "end": "00:30:45", "text": ">> I did and and stuff like this. I did"}, {"start": "00:30:43", "end": "00:30:48", "text": "want to mention this because this is not"}, {"start": "00:30:45", "end": "00:30:50", "text": "stopping. Like this is the trend, you"}, {"start": "00:30:48", "end": "00:30:53", "text": "know, like and we I saw I know some"}, {"start": "00:30:50", "end": "00:30:55", "text": "we've got some RWA fans in here, uh some"}, {"start": "00:30:53", "end": "00:30:56", "text": "X stock fans. You know, Stellar is"}, {"start": "00:30:55", "end": "00:30:57", "text": "definitely one of my picks when it comes"}, {"start": "00:30:56", "end": "00:30:59", "text": "to that. I know some somebody else"}, {"start": "00:30:57", "end": "00:31:01", "text": "mentioned H bar, too. Mhm."}, {"start": "00:30:59", "end": "00:31:03", "text": ">> The tokenization piece will really"}, {"start": "00:31:01", "end": "00:31:04", "text": "accelerate as the SEC lending"}, {"start": "00:31:03", "end": "00:31:07", "text": "opportunity emerges. Our a business"}, {"start": "00:31:04", "end": "00:31:09", "text": "development pipeline on V4 equity"}, {"start": "00:31:07", "end": "00:31:11", "text": "tokenization hubs is quite insane right"}, {"start": "00:31:09", "end": "00:31:12", "text": "now, which this it it's very true. We're"}, {"start": "00:31:11", "end": "00:31:14", "text": "going to start to see people be able to"}, {"start": "00:31:12", "end": "00:31:16", "text": "tokenize their equity and it's going to"}, {"start": "00:31:14", "end": "00:31:18", "text": "create a lot more liquidity in the"}, {"start": "00:31:16", "end": "00:31:20", "text": "markets and this trend is not going"}, {"start": "00:31:18", "end": "00:31:24", "text": "anywhere to happen. This actually"}, {"start": "00:31:20", "end": "00:31:26", "text": "unlocks a lot of maneuvering for major"}, {"start": "00:31:24", "end": "00:31:28", "text": "financial players. So, if you're not"}, {"start": "00:31:26", "end": "00:31:30", "text": "following DeFi closely, and this is part"}, {"start": "00:31:28", "end": "00:31:32", "text": "of why I like Ethereum, you know, you"}, {"start": "00:31:30", "end": "00:31:34", "text": "guys know I like A already. This guy's"}, {"start": "00:31:32", "end": "00:31:38", "text": "on the A team. You can see uh from his"}, {"start": "00:31:34", "end": "00:31:40", "text": "tag here. What is he? Uh there you go."}, {"start": "00:31:38", "end": "00:31:40", "text": "He was at AVAC, now he's at A. That's"}, {"start": "00:31:40", "end": "00:31:43", "text": "interesting."}, {"start": "00:31:40", "end": "00:31:44", "text": ">> Luigi, I love that name."}, {"start": "00:31:43", "end": "00:31:46", "text": ">> I love that name."}, {"start": "00:31:44", "end": "00:31:49", "text": ">> But this is continuing to grow and this"}, {"start": "00:31:46", "end": "00:31:50", "text": "is definitely a sector that I'm watching"}, {"start": "00:31:49", "end": "00:31:53", "text": "and this is something we've been talking"}, {"start": "00:31:50", "end": "00:31:55", "text": "about a lot. Morpho here, Robin Hood in"}, {"start": "00:31:53", "end": "00:31:56", "text": "the front, Morpho in the back. And"}, {"start": "00:31:55", "end": "00:31:59", "text": "that's what we're going to start to see"}, {"start": "00:31:56", "end": "00:32:01", "text": "a lot more is some of your favorite"}, {"start": "00:31:59", "end": "00:32:02", "text": "projects, if they truly have a good"}, {"start": "00:32:01", "end": "00:32:04", "text": "product and they're generating revenue,"}, {"start": "00:32:02", "end": "00:32:06", "text": "have product market fit, uh they, you"}, {"start": "00:32:04", "end": "00:32:09", "text": "know, they're going to be end up being"}, {"start": "00:32:06", "end": "00:32:11", "text": "the behind the scenes pipeline for a lot"}, {"start": "00:32:09", "end": "00:32:12", "text": "of these people like Robin Hood, you"}, {"start": "00:32:11", "end": "00:32:14", "text": "know, the Morgan Stanley's of the world,"}, {"start": "00:32:12", "end": "00:32:16", "text": "the JP Morgans, a lot of these big"}, {"start": "00:32:14", "end": "00:32:19", "text": "financial institutions that already have"}, {"start": "00:32:16", "end": "00:32:21", "text": "a large user base will be able to use"}, {"start": "00:32:19", "end": "00:32:23", "text": "your favorite crypto project,"}, {"start": "00:32:21", "end": "00:32:26", "text": "especially, you know, things like a"}, {"start": "00:32:23", "end": "00:32:30", "text": "things like Morpho, those lending and"}, {"start": "00:32:26", "end": "00:32:33", "text": "borrowing is the backbone of really what"}, {"start": "00:32:30", "end": "00:32:35", "text": "drives the current financial system. You"}, {"start": "00:32:33", "end": "00:32:36", "text": "know, the credit system is really built"}, {"start": "00:32:35", "end": "00:32:38", "text": "on, you know, for better or worse,"}, {"start": "00:32:36", "end": "00:32:40", "text": "whether you believe it's good or bad,"}, {"start": "00:32:38", "end": "00:32:43", "text": ">> that is the reality is that's what it's"}, {"start": "00:32:40", "end": "00:32:45", "text": "built on. And I do think crypto lending"}, {"start": "00:32:43", "end": "00:32:48", "text": "and borrowing is a lot more efficient"}, {"start": "00:32:45", "end": "00:32:49", "text": "and it's a lot uh safer risk-wise. And"}, {"start": "00:32:48", "end": "00:32:51", "text": "you know, the margins are different."}, {"start": "00:32:49", "end": "00:32:54", "text": "kind of have to you're not getting"}, {"start": "00:32:51", "end": "00:32:56", "text": "you're not putting up $20,000 and"}, {"start": "00:32:54", "end": "00:32:59", "text": "getting $200,000. It's more like you're"}, {"start": "00:32:56", "end": "00:33:00", "text": "putting up $200,000 and getting a loan"}, {"start": "00:32:59", "end": "00:33:02", "text": "for hundred."}, {"start": "00:33:00", "end": "00:33:04", "text": ">> But that I do think that will start to"}, {"start": "00:33:02", "end": "00:33:07", "text": "shift over time. We're seeing people"}, {"start": "00:33:04", "end": "00:33:08", "text": "move towards, you know, uh cryptobacked"}, {"start": "00:33:07", "end": "00:33:12", "text": "mortgages and all these sorts of things."}, {"start": "00:33:08", "end": "00:33:14", "text": "So all of that is once the Clarity Act"}, {"start": "00:33:12", "end": "00:33:16", "text": "is passed, all of that stuff gets"}, {"start": "00:33:14", "end": "00:33:20", "text": "supercharged. And so that's really what"}, {"start": "00:33:16", "end": "00:33:21", "text": "I'm I'm my thesis is prepare yourself"}, {"start": "00:33:20", "end": "00:33:23", "text": "now."}, {"start": "00:33:21", "end": "00:33:25", "text": ">> Like the Clarity Act not getting passed"}, {"start": "00:33:23", "end": "00:33:27", "text": "for most of you watching right now is"}, {"start": "00:33:25", "end": "00:33:29", "text": "probably the best news you could hear"}, {"start": "00:33:27", "end": "00:33:31", "text": "because what it's doing is it's giving"}, {"start": "00:33:29", "end": "00:33:33", "text": "you more opportunity, more time to"}, {"start": "00:33:31", "end": "00:33:35", "text": "accumulate, more time to understand what"}, {"start": "00:33:33", "end": "00:33:37", "text": "to accumulate, how to get positioned"}, {"start": "00:33:35", "end": "00:33:39", "text": "because once it does,"}, {"start": "00:33:37", "end": "00:33:40", "text": ">> big big money and old money doesn't"}, {"start": "00:33:39", "end": "00:33:41", "text": "doesn't take any prisoners. They're"}, {"start": "00:33:40", "end": "00:33:43", "text": "going to move in. It's going to be"}, {"start": "00:33:41", "end": "00:33:45", "text": "violent and it's going to be fast and"}, {"start": "00:33:43", "end": "00:33:46", "text": "they're already accumulating right now."}, {"start": "00:33:45", "end": "00:33:49", "text": "We're seeing that in all sorts of"}, {"start": "00:33:46", "end": "00:33:51", "text": "onchain metrics that whales and big"}, {"start": "00:33:49", "end": "00:33:53", "text": "money are in this generational"}, {"start": "00:33:51", "end": "00:33:56", "text": "accumulation mindset like we are getting"}, {"start": "00:33:53", "end": "00:33:58", "text": "prepared now for the next decade and"}, {"start": "00:33:56", "end": "00:33:59", "text": "sever you know quarter century you know"}, {"start": "00:33:58", "end": "00:34:02", "text": "they're getting set up for the next 10"}, {"start": "00:33:59", "end": "00:34:04", "text": "years the next 25 years to position"}, {"start": "00:34:02", "end": "00:34:07", "text": "themselves to take advantage of this for"}, {"start": "00:34:04", "end": "00:34:10", "text": "a very long time. If you haven't seen"}, {"start": "00:34:07", "end": "00:34:11", "text": "the overall trend, it's I'll just make"}, {"start": "00:34:10", "end": "00:34:14", "text": "it very simple. Everything's going"}, {"start": "00:34:11", "end": "00:34:17", "text": "digital. So, if you think things will be"}, {"start": "00:34:14", "end": "00:34:19", "text": "if you think money needs to go digital"}, {"start": "00:34:17", "end": "00:34:21", "text": "instead of analog, then you're in the"}, {"start": "00:34:19", "end": "00:34:23", "text": "right place because it absolutely is. It"}, {"start": "00:34:21", "end": "00:34:26", "text": "has been and so are all the rest of"}, {"start": "00:34:23", "end": "00:34:28", "text": "these markets. They've been digitizing"}, {"start": "00:34:26", "end": "00:34:29", "text": "them for a long time. They're all"}, {"start": "00:34:28", "end": "00:34:32", "text": "numbers on a screen at this point, but"}, {"start": "00:34:29", "end": "00:34:34", "text": "they're still built on very analog rails"}, {"start": "00:34:32", "end": "00:34:37", "text": "that don't allow the free flowing money."}, {"start": "00:34:34", "end": "00:34:39", "text": "And so that is absolutely changing and"}, {"start": "00:34:37", "end": "00:34:41", "text": "it takes time to change those old"}, {"start": "00:34:39", "end": "00:34:44", "text": "systems and that time right now is your"}, {"start": "00:34:41", "end": "00:34:46", "text": "friend. So accumulate, learn, pick your"}, {"start": "00:34:44", "end": "00:34:48", "text": "sector. I don't care if it's RWA, I"}, {"start": "00:34:46", "end": "00:34:50", "text": "don't care if it's AI, I don't care if"}, {"start": "00:34:48", "end": "00:34:52", "text": "it's uh, you know, Bitcoin, smart"}, {"start": "00:34:50", "end": "00:34:54", "text": "contract platforms. There's plenty of"}, {"start": "00:34:52", "end": "00:34:56", "text": "good ones to choose from. You guys can"}, {"start": "00:34:54", "end": "00:34:58", "text": "put it in the chat which ones your"}, {"start": "00:34:56", "end": "00:35:00", "text": "favorite are. And uh, you know, get"}, {"start": "00:34:58", "end": "00:35:03", "text": "yourself get yourself prepared because"}, {"start": "00:35:00", "end": "00:35:05", "text": "you got time and you're going to get"}, {"start": "00:35:03", "end": "00:35:08", "text": "rich. Yeah. Well, in the speed of the"}, {"start": "00:35:05", "end": "00:35:10", "text": "time, I kind of feel like Clarity Act is"}, {"start": "00:35:08", "end": "00:35:15", "text": "going to be kicked into the end of 27."}, {"start": "00:35:10", "end": "00:35:18", "text": "And if that assumption is correct, just"}, {"start": "00:35:15", "end": "00:35:20", "text": "as TJ said, this entire zone, this is"}, {"start": "00:35:18", "end": "00:35:22", "text": "essentially the yellow line is where I"}, {"start": "00:35:20", "end": "00:35:25", "text": "feel like in comparison, we are to"}, {"start": "00:35:22", "end": "00:35:28", "text": "Bitcoin's bare cycle today, right? And"}, {"start": "00:35:25", "end": "00:35:31", "text": "if we have to ride around and wait until"}, {"start": "00:35:28", "end": "00:35:34", "text": "next July, next August to see that"}, {"start": "00:35:31", "end": "00:35:38", "text": "Clarity Act push forward 365 days out,"}, {"start": "00:35:34", "end": "00:35:40", "text": "that'll set us up perfectly according to"}, {"start": "00:35:38", "end": "00:35:42", "text": "four-year cycle metrics for that moment"}, {"start": "00:35:40", "end": "00:35:45", "text": "where Bitcoin actually begins to take"}, {"start": "00:35:42", "end": "00:35:48", "text": "off and head to new all-time highs"}, {"start": "00:35:45", "end": "00:35:50", "text": "again. So, I take advantage of the"}, {"start": "00:35:48", "end": "00:35:52", "text": "season. I'm very serious about that. And"}, {"start": "00:35:50", "end": "00:35:53", "text": "um you know, essentially that's what I"}, {"start": "00:35:52", "end": "00:35:55", "text": "feel like is going to be happening."}, {"start": "00:35:53", "end": "00:35:57", "text": "We're going to see them go to recess,"}, {"start": "00:35:55", "end": "00:35:59", "text": "see them sit on their hands over the"}, {"start": "00:35:57", "end": "00:36:01", "text": "course of this winter, and then the"}, {"start": "00:35:59", "end": "00:36:03", "text": "midterms will happen. It'll be real"}, {"start": "00:36:01", "end": "00:36:04", "text": "interesting to see if the Republicans"}, {"start": "00:36:03", "end": "00:36:06", "text": "can, you know, show any strength in the"}, {"start": "00:36:04", "end": "00:36:08", "text": "midterms. But that's how I feel like"}, {"start": "00:36:06", "end": "00:36:11", "text": "we're sitting right now is our current"}, {"start": "00:36:08", "end": "00:36:14", "text": "moment in this uh kind of failed runup"}, {"start": "00:36:11", "end": "00:36:15", "text": "and rejection. One more grinding candle"}, {"start": "00:36:14", "end": "00:36:17", "text": "in our future over the course of the"}, {"start": "00:36:15", "end": "00:36:19", "text": "remainder of the year, and then start"}, {"start": "00:36:17", "end": "00:36:21", "text": "building up that swoop to the upside. So"}, {"start": "00:36:19", "end": "00:36:24", "text": "not sad about seeing this clarity act uh"}, {"start": "00:36:21", "end": "00:36:26", "text": "not move forward. On the World Cup side"}, {"start": "00:36:24", "end": "00:36:29", "text": "though, it's being pontificated that"}, {"start": "00:36:26", "end": "00:36:31", "text": "Lenik actually worked back channels with"}, {"start": "00:36:29", "end": "00:36:34", "text": "FIFA in an effort to get the US striker"}, {"start": "00:36:31", "end": "00:36:37", "text": "uh Balagon red card. He he got his red"}, {"start": "00:36:34", "end": "00:36:39", "text": "card ban un overturned and now the"}, {"start": "00:36:37", "end": "00:36:41", "text": "United States is playing tonight. I"}, {"start": "00:36:39", "end": "00:36:42", "text": "might take a bet on Tubbit. I might make"}, {"start": "00:36:41", "end": "00:36:43", "text": "a bet on Tubbit tonight."}, {"start": "00:36:42", "end": "00:36:45", "text": ">> Nice."}, {"start": "00:36:43", "end": "00:36:47", "text": ">> That gold token."}, {"start": "00:36:45", "end": "00:36:50", "text": ">> Yeah. Yeah. Well, the gold token and you"}, {"start": "00:36:47", "end": "00:36:52", "text": "know, I just want to put a little bit of"}, {"start": "00:36:50", "end": "00:36:56", "text": "money where my mouth is in terms of"}, {"start": "00:36:52", "end": "00:36:57", "text": "being pro America. And if the Americans"}, {"start": "00:36:56", "end": "00:36:59", "text": "do win, I think we're playing, who are"}, {"start": "00:36:57", "end": "00:37:00", "text": "we playing tonight? I think it's uh"}, {"start": "00:36:59", "end": "00:37:02", "text": ">> Belgium or something. Is that"}, {"start": "00:37:00", "end": "00:37:04", "text": ">> I think it's Belgium. Yeah. And you"}, {"start": "00:37:02", "end": "00:37:05", "text": "know, Belgium's a tiny country. Like,"}, {"start": "00:37:04", "end": "00:37:07", "text": "get out of here. We're going to win. You"}, {"start": "00:37:05", "end": "00:37:08", "text": "know, my lineage is from Luxembourg. Get"}, {"start": "00:37:07", "end": "00:37:09", "text": "out of here."}, {"start": "00:37:08", "end": "00:37:12", "text": ">> They're pretty good at soccer though."}, {"start": "00:37:09", "end": "00:37:14", "text": "You know, right there next to Germany."}, {"start": "00:37:12", "end": "00:37:16", "text": "We got a lot of genetic modifications"}, {"start": "00:37:14", "end": "00:37:18", "text": "though in this country. You know"}, {"start": "00:37:16", "end": "00:37:20", "text": ">> who is watch tell me know in the chat"}, {"start": "00:37:18", "end": "00:37:21", "text": "who's watching World Cup and uh if you"}, {"start": "00:37:20", "end": "00:37:22", "text": "are if you are you going to watch"}, {"start": "00:37:21", "end": "00:37:26", "text": "tonight who do you think's going to win"}, {"start": "00:37:22", "end": "00:37:27", "text": "cuz a 3 0 that's a that's a big uh big"}, {"start": "00:37:26", "end": "00:37:28", "text": "prediction there."}, {"start": "00:37:27", "end": "00:37:30", "text": ">> We're we're flexing a little bit in the"}, {"start": "00:37:28", "end": "00:37:32", "text": "World Cup. I think it's really good and"}, {"start": "00:37:30", "end": "00:37:34", "text": "honestly seeing what uh God I think it's"}, {"start": "00:37:32", "end": "00:37:37", "text": "the Netherlands or something. Mexico got"}, {"start": "00:37:34", "end": "00:37:38", "text": "smashed last night. Absolutely smashed."}, {"start": "00:37:37", "end": "00:37:40", "text": "People were thinking they were just a"}, {"start": "00:37:38", "end": "00:37:42", "text": "gimme. They were going to absolutely"}, {"start": "00:37:40", "end": "00:37:44", "text": "dominate. I think they played uh Norway"}, {"start": "00:37:42", "end": "00:37:46", "text": "or something like that and this huge"}, {"start": "00:37:44", "end": "00:37:48", "text": "dude, this huge Viking just just"}, {"start": "00:37:46", "end": "00:37:50", "text": "crushing everyone and they're doing the"}, {"start": "00:37:48", "end": "00:37:52", "text": "Viking Row. This is our time. This is"}, {"start": "00:37:50", "end": "00:37:54", "text": "our time. So yeah, I'll be uh I'll be"}, {"start": "00:37:52", "end": "00:37:56", "text": "hopping on Two Bit for that. Now, all"}, {"start": "00:37:54", "end": "00:37:57", "text": "coins, I do want to cover some updates"}, {"start": "00:37:56", "end": "00:38:00", "text": "for all coins that are coming up. So"}, {"start": "00:37:57", "end": "00:38:03", "text": "Jupiter is going to launch a private"}, {"start": "00:38:00", "end": "00:38:06", "text": "beta on Gum. Uh it's new everything"}, {"start": "00:38:03", "end": "00:38:08", "text": "exchange on July 6th. So today Near"}, {"start": "00:38:06", "end": "00:38:10", "text": "Protocol is hosting a live stream. gonna"}, {"start": "00:38:08", "end": "00:38:12", "text": "check that out some. Do you remember the"}, {"start": "00:38:10", "end": "00:38:14", "text": "near live stream? I think it was two"}, {"start": "00:38:12", "end": "00:38:17", "text": "years ago where the dev actually showed"}, {"start": "00:38:14", "end": "00:38:20", "text": "some inappropriate material on air and"}, {"start": "00:38:17", "end": "00:38:21", "text": "caused a hole like there was"}, {"start": "00:38:20", "end": "00:38:23", "text": ">> I want to get I want to keep this"}, {"start": "00:38:21", "end": "00:38:26", "text": "familyfriendly but there might be some"}, {"start": "00:38:23", "end": "00:38:28", "text": "excitement on that live stream. Uh light"}, {"start": "00:38:26", "end": "00:38:30", "text": "uh lighter token lit tokenized stocks on"}, {"start": "00:38:28", "end": "00:38:33", "text": "lighter are expected to launch this"}, {"start": "00:38:30", "end": "00:38:36", "text": "week. Jetto, this is a very interesting"}, {"start": "00:38:33", "end": "00:38:38", "text": "Salana ecosystem under underplay here."}, {"start": "00:38:36", "end": "00:38:42", "text": "Is rumored to launch JTX, a new"}, {"start": "00:38:38", "end": "00:38:44", "text": "perpetual DEX on Salana. Uh Zcash has"}, {"start": "00:38:42", "end": "00:38:46", "text": "some good news for Zcash coming next"}, {"start": "00:38:44", "end": "00:38:48", "text": "week according to the Baldwin Mert. Uh"}, {"start": "00:38:46", "end": "00:38:50", "text": "Barachchain. This one I don't care at"}, {"start": "00:38:48", "end": "00:38:52", "text": "all about. So they're trying to do so. I"}, {"start": "00:38:50", "end": "00:38:55", "text": "just I've lost interest in Barachchain,"}, {"start": "00:38:52", "end": "00:38:58", "text": "but I am watching out for Jupiter uh"}, {"start": "00:38:55", "end": "00:38:59", "text": "Jetto Jupiter. A lot of those Salana"}, {"start": "00:38:58", "end": "00:39:02", "text": "plays here. Salana is showing some"}, {"start": "00:38:59", "end": "00:39:05", "text": "really good signs in terms of chain"}, {"start": "00:39:02", "end": "00:39:07", "text": "transactions. Tokenized stocks on Salana"}, {"start": "00:39:05", "end": "00:39:09", "text": "have come. Phantom wallet is still a"}, {"start": "00:39:07", "end": "00:39:11", "text": "very good uh product here and we're"}, {"start": "00:39:09", "end": "00:39:15", "text": "seeing chain transactions really holding"}, {"start": "00:39:11", "end": "00:39:17", "text": "up strong for Salana. So Salana is"}, {"start": "00:39:15", "end": "00:39:19", "text": "probably about like 80 bucks right now."}, {"start": "00:39:17", "end": "00:39:21", "text": "Um you know it's not a massive"}, {"start": "00:39:19", "end": "00:39:25", "text": "opportunity zone, but I am starting my"}, {"start": "00:39:21", "end": "00:39:27", "text": "uh altcoin accumulation mindset. It's"}, {"start": "00:39:25", "end": "00:39:29", "text": "taking hold. I was I'm gonna be more"}, {"start": "00:39:27", "end": "00:39:32", "text": "heavy Bitcoin for my purchases over the"}, {"start": "00:39:29", "end": "00:39:34", "text": "next month or two, but Salana is"}, {"start": "00:39:32", "end": "00:39:37", "text": "definitely up there and I actually like"}, {"start": "00:39:34", "end": "00:39:39", "text": "adding Salana at these levels more than"}, {"start": "00:39:37", "end": "00:39:41", "text": "adding Ethereum. I don't know, you know,"}, {"start": "00:39:39", "end": "00:39:44", "text": "in the chat, would you rather buy Salana"}, {"start": "00:39:41", "end": "00:39:46", "text": "or Ethereum at the current stage of the"}, {"start": "00:39:44", "end": "00:39:48", "text": "market we're at right now? I see a lot"}, {"start": "00:39:46", "end": "00:39:51", "text": "of opportunity uh for growth in Salana's"}, {"start": "00:39:48", "end": "00:39:53", "text": "ecosystem. Hyperlid is showing some"}, {"start": "00:39:51", "end": "00:39:56", "text": "strength as well at $70 in terms of"}, {"start": "00:39:53", "end": "00:39:59", "text": "price per token as things sit right now."}, {"start": "00:39:56", "end": "00:40:00", "text": "But on the metric side, Hyperlid"}, {"start": "00:39:59", "end": "00:40:03", "text": "consistently getting it right, expanding"}, {"start": "00:40:00", "end": "00:40:05", "text": "its revenue base is from DeFi investor."}, {"start": "00:40:03", "end": "00:40:07", "text": "Team launched priority fees in May and"}, {"start": "00:40:05", "end": "00:40:11", "text": "now priority fees are expected to create"}, {"start": "00:40:07", "end": "00:40:14", "text": "$28 million worth of extra hype token"}, {"start": "00:40:11", "end": "00:40:18", "text": "buyback pressure. So this flywheel on"}, {"start": "00:40:14", "end": "00:40:20", "text": "Hyperlid is looking very Yeah, Ethereum"}, {"start": "00:40:18", "end": "00:40:22", "text": "over Salana. Let's see here. Yeah, I"}, {"start": "00:40:20", "end": "00:40:24", "text": "love seeing I love seeing people's"}, {"start": "00:40:22", "end": "00:40:26", "text": "approach here. I've told you all lit to"}, {"start": "00:40:24", "end": "00:40:28", "text": "the moon. Lighter to lighter tokens been"}, {"start": "00:40:26", "end": "00:40:31", "text": "absolutely ripping Salana. A lot of"}, {"start": "00:40:28", "end": "00:40:35", "text": "people like Salana and a lot of the uh"}, {"start": "00:40:31", "end": "00:40:37", "text": "SMER uh smarter tokconomic analysts,"}, {"start": "00:40:35", "end": "00:40:39", "text": "people that I know. Um you know, seeing"}, {"start": "00:40:37", "end": "00:40:41", "text": "the activity on Salana holding so"}, {"start": "00:40:39", "end": "00:40:43", "text": "strong, especially in a bare market is a"}, {"start": "00:40:41", "end": "00:40:47", "text": "very very good sign of network strength."}, {"start": "00:40:43", "end": "00:40:49", "text": "So, um I'm definitely liking it."}, {"start": "00:40:47", "end": "00:40:51", "text": "TJ, I remember on the blockchain"}, {"start": "00:40:49", "end": "00:40:54", "text": "basement,"}, {"start": "00:40:51", "end": "00:40:57", "text": "we were really good at timing out when"}, {"start": "00:40:54", "end": "00:41:00", "text": "to unwind, you know, Tether andor"}, {"start": "00:40:57", "end": "00:41:02", "text": "Bitcoin back into altcoins in the last"}, {"start": "00:41:00", "end": "00:41:05", "text": "bare market. What DJ, what is your gut"}, {"start": "00:41:02", "end": "00:41:07", "text": "saying in terms of this season? Are you"}, {"start": "00:41:05", "end": "00:41:09", "text": "going to keep the the hatches kind of"}, {"start": "00:41:07", "end": "00:41:11", "text": "batten down until the later part of the"}, {"start": "00:41:09", "end": "00:41:12", "text": "year for alts or kind of what's your"}, {"start": "00:41:11", "end": "00:41:15", "text": "approach right now on that"}, {"start": "00:41:12", "end": "00:41:17", "text": ">> for altcoin? Yeah, for so yes, I think"}, {"start": "00:41:15", "end": "00:41:20", "text": "this is the time to be accumulating. I"}, {"start": "00:41:17", "end": "00:41:21", "text": "do feel like we're seeing some very very"}, {"start": "00:41:20", "end": "00:41:24", "text": "good prices for altcoins right now,"}, {"start": "00:41:21", "end": "00:41:25", "text": "especially some of the stronger ones."}, {"start": "00:41:24", "end": "00:41:28", "text": ">> Um,"}, {"start": "00:41:25", "end": "00:41:30", "text": "that's a great question. Like really"}, {"start": "00:41:28", "end": "00:41:32", "text": "traditional logic says you should wait"}, {"start": "00:41:30", "end": "00:41:34", "text": "until you confirm the uptrend, right?"}, {"start": "00:41:32", "end": "00:41:36", "text": "Because there's still some"}, {"start": "00:41:34", "end": "00:41:38", "text": ">> like I do think we're very very near a"}, {"start": "00:41:36", "end": "00:41:40", "text": "bottom. And I can show you I think we"}, {"start": "00:41:38", "end": "00:41:43", "text": "we've covered this once or twice."}, {"start": "00:41:40", "end": "00:41:46", "text": "Where'd it go? Um, see, I had it"}, {"start": "00:41:43", "end": "00:41:52", "text": "somewhere. Did I close it?"}, {"start": "00:41:46", "end": "00:41:55", "text": "Did I just lose it? Um,"}, {"start": "00:41:52", "end": "00:41:57", "text": "here we go. This is it. Um,"}, {"start": "00:41:55", "end": "00:41:58", "text": "let me pull this up here."}, {"start": "00:41:57", "end": "00:42:00", "text": ">> Yeah, let me check it out. Is this the"}, {"start": "00:41:58", "end": "00:42:02", "text": "billion dollar question? When did it"}, {"start": "00:42:00", "end": "00:42:04", "text": "unwind?"}, {"start": "00:42:02", "end": "00:42:06", "text": ">> 10.5 million Bitcoin in a loss right now"}, {"start": "00:42:04", "end": "00:42:08", "text": "has marked every Bitcoin bottom in"}, {"start": "00:42:06", "end": "00:42:09", "text": "history. And you know, why are you"}, {"start": "00:42:08", "end": "00:42:11", "text": "betting against this? It's from Quinton"}, {"start": "00:42:09", "end": "00:42:12", "text": "here. great great follow if you guys"}, {"start": "00:42:11", "end": "00:42:15", "text": "don't follow him yet. And basically what"}, {"start": "00:42:12", "end": "00:42:18", "text": "he's illustrating here is holders in a"}, {"start": "00:42:15", "end": "00:42:19", "text": "loss almost always marks a bottom. If"}, {"start": "00:42:18", "end": "00:42:21", "text": "you look down here, you look here and"}, {"start": "00:42:19", "end": "00:42:22", "text": "now we we've been crossing. We've been"}, {"start": "00:42:21", "end": "00:42:26", "text": "talking about this on the channel for a"}, {"start": "00:42:22", "end": "00:42:27", "text": "while. So I do believe that should not"}, {"start": "00:42:26", "end": "00:42:29", "text": "be taken lightly and you should be"}, {"start": "00:42:27", "end": "00:42:32", "text": "looking at that extremely seriously. I'm"}, {"start": "00:42:29", "end": "00:42:35", "text": "f you know I'm very famously the one out"}, {"start": "00:42:32", "end": "00:42:37", "text": "there saying that that 58k dip was the"}, {"start": "00:42:35", "end": "00:42:40", "text": "bottom in my opinion. Now, of course, we"}, {"start": "00:42:37", "end": "00:42:42", "text": "we did go a little bit lower, 57, and I"}, {"start": "00:42:40", "end": "00:42:43", "text": "did pay Crank for that. I should I"}, {"start": "00:42:42", "end": "00:42:44", "text": "should I was thinking about this over"}, {"start": "00:42:43", "end": "00:42:46", "text": "the weekend. He should have made the"}, {"start": "00:42:44", "end": "00:42:48", "text": "other end of that bet. If we hit 100K"}, {"start": "00:42:46", "end": "00:42:49", "text": "before we hit 40K, he pays out because"}, {"start": "00:42:48", "end": "00:42:52", "text": "really that was,"}, {"start": "00:42:49", "end": "00:42:53", "text": ">> you know, he the the truth of the bet."}, {"start": "00:42:52", "end": "00:42:54", "text": "But"}, {"start": "00:42:53", "end": "00:42:57", "text": ">> I do think this is the time to be"}, {"start": "00:42:54", "end": "00:42:58", "text": "accumulating. And it kind of depend. The"}, {"start": "00:42:57", "end": "00:43:00", "text": "answer is if you should be buying"}, {"start": "00:42:58", "end": "00:43:02", "text": "altcoins right now depends on the amount"}, {"start": "00:43:00", "end": "00:43:03", "text": "of capital you're working with your"}, {"start": "00:43:02", "end": "00:43:05", "text": "goals how many altcoins like if you're"}, {"start": "00:43:03", "end": "00:43:06", "text": "all in altcoins"}, {"start": "00:43:05", "end": "00:43:08", "text": "you know that's a little bit of a"}, {"start": "00:43:06", "end": "00:43:11", "text": "different story than if you're all in"}, {"start": "00:43:08", "end": "00:43:14", "text": "Bitcoin but trai so but yes I would be"}, {"start": "00:43:11", "end": "00:43:16", "text": "looking at altcoins very"}, {"start": "00:43:14", "end": "00:43:18", "text": "what's the right like very specifically"}, {"start": "00:43:16", "end": "00:43:20", "text": "like not broadly saying like yeah open"}, {"start": "00:43:18", "end": "00:43:22", "text": "up the floodgates buy as many alts as"}, {"start": "00:43:20", "end": "00:43:25", "text": "you want it's it's it's alt season I"}, {"start": "00:43:22", "end": "00:43:26", "text": "think we're far from that but I do think"}, {"start": "00:43:25", "end": "00:43:28", "text": "especially the ones if you know the"}, {"start": "00:43:26", "end": "00:43:31", "text": "metrics and you know the tokconomics and"}, {"start": "00:43:28", "end": "00:43:32", "text": "you can see big money moving towards it"}, {"start": "00:43:31", "end": "00:43:36", "text": ">> between now and the end of the year is"}, {"start": "00:43:32", "end": "00:43:39", "text": "the time to be DCAing into them and yes"}, {"start": "00:43:36", "end": "00:43:41", "text": "I've recently bought some Salana you"}, {"start": "00:43:39", "end": "00:43:43", "text": "know and like I was saying um some of"}, {"start": "00:43:41", "end": "00:43:44", "text": "these other ones morpho and arrow are"}, {"start": "00:43:43", "end": "00:43:48", "text": "things that I I like to watch as well"}, {"start": "00:43:44", "end": "00:43:50", "text": "but so yes but very cautiously I guess"}, {"start": "00:43:48", "end": "00:43:53", "text": "is the best way to say it I don't I'm"}, {"start": "00:43:50", "end": "00:43:55", "text": "not piling in right here but I do think"}, {"start": "00:43:53", "end": "00:43:56", "text": "the decisions you make"}, {"start": "00:43:55", "end": "00:43:59", "text": ">> I'll say now between the end of the year"}, {"start": "00:43:56", "end": "00:44:00", "text": "cuz four-year cycle theory says October,"}, {"start": "00:43:59", "end": "00:44:03", "text": "right? So, if we do have another leg"}, {"start": "00:44:00", "end": "00:44:05", "text": "down, alts could go down a little bit"}, {"start": "00:44:03", "end": "00:44:07", "text": "more. I don't think we will, you know,"}, {"start": "00:44:05", "end": "00:44:10", "text": "just myself."}, {"start": "00:44:07", "end": "00:44:11", "text": ">> But if you're trying to be disciplined,"}, {"start": "00:44:10", "end": "00:44:13", "text": "you're going to have to follow your own"}, {"start": "00:44:11", "end": "00:44:15", "text": "system and follow your own plan. And the"}, {"start": "00:44:13", "end": "00:44:17", "text": "plan, yeah, VVV is a very good one right"}, {"start": "00:44:15", "end": "00:44:20", "text": "now. Like, there's definitely things out"}, {"start": "00:44:17", "end": "00:44:22", "text": "there that I am in accumulation mode on,"}, {"start": "00:44:20", "end": "00:44:24", "text": "but I I just want to be careful before"}, {"start": "00:44:22", "end": "00:44:26", "text": "giving blanket advice. And this is again"}, {"start": "00:44:24", "end": "00:44:29", "text": "why we the the whole purpose of school"}, {"start": "00:44:26", "end": "00:44:31", "text": "is to help give you advice tailored and"}, {"start": "00:44:29", "end": "00:44:34", "text": "that's specific to you because what's"}, {"start": "00:44:31", "end": "00:44:36", "text": "true for me and what's true for Drew on"}, {"start": "00:44:34", "end": "00:44:38", "text": "a daily basis may be different for you"}, {"start": "00:44:36", "end": "00:44:40", "text": "based on your age, based on your risk,"}, {"start": "00:44:38", "end": "00:44:42", "text": "based on your current portfolio, based"}, {"start": "00:44:40", "end": "00:44:44", "text": "on a lot of different factors. So that's"}, {"start": "00:44:42", "end": "00:44:46", "text": "the whole purpose is you get in there,"}, {"start": "00:44:44", "end": "00:44:48", "text": "you do the assessment, we help you"}, {"start": "00:44:46", "end": "00:44:50", "text": "manage your portfolio, and we look at"}, {"start": "00:44:48", "end": "00:44:52", "text": "and again, we're just giving you"}, {"start": "00:44:50", "end": "00:44:53", "text": "educational advice and information and"}, {"start": "00:44:52", "end": "00:44:55", "text": "research the way we do it. It's not"}, {"start": "00:44:53", "end": "00:44:58", "text": "necessarily telling you exactly what to"}, {"start": "00:44:55", "end": "00:45:00", "text": "do, but you got to have goals and you"}, {"start": "00:44:58", "end": "00:45:02", "text": "have to be aiming at something. And so"}, {"start": "00:45:00", "end": "00:45:04", "text": "once I know what you're aiming for, I"}, {"start": "00:45:02", "end": "00:45:05", "text": "can help you reach that goal. But to"}, {"start": "00:45:04", "end": "00:45:07", "text": "just blank and say like, \"Yeah, it's all"}, {"start": "00:45:05", "end": "00:45:10", "text": "season, everybody pile in.\" Like that's"}, {"start": "00:45:07", "end": "00:45:11", "text": "generally not the best advice. And you"}, {"start": "00:45:10", "end": "00:45:14", "text": "know if you want to if you want really"}, {"start": "00:45:11", "end": "00:45:16", "text": "broad broad advice spec generally you"}, {"start": "00:45:14", "end": "00:45:17", "text": "want to make sure you confirm the trend"}, {"start": "00:45:16", "end": "00:45:19", "text": "reversal which yeah"}, {"start": "00:45:17", "end": "00:45:20", "text": ">> we got a little bit of a bounce and so"}, {"start": "00:45:19", "end": "00:45:22", "text": "people are excited but that's not a"}, {"start": "00:45:20", "end": "00:45:24", "text": "confirmed trend reversal yet. We still"}, {"start": "00:45:22", "end": "00:45:26", "text": "are have been trending down for quite"}, {"start": "00:45:24", "end": "00:45:27", "text": "some time. So"}, {"start": "00:45:26", "end": "00:45:29", "text": ">> I that was a lot of a little bit of a"}, {"start": "00:45:27", "end": "00:45:30", "text": "ramble but I hope that made sense."}, {"start": "00:45:29", "end": "00:45:32", "text": ">> Well that's exactly what I wanted to"}, {"start": "00:45:30", "end": "00:45:34", "text": "say. It's everyone's goal is going to be"}, {"start": "00:45:32", "end": "00:45:36", "text": "different depending on how big your"}, {"start": "00:45:34", "end": "00:45:38", "text": "portfolio is to begin with your walk of"}, {"start": "00:45:36", "end": "00:45:41", "text": "life where you live. You know, someone's"}, {"start": "00:45:38", "end": "00:45:43", "text": "financial goals in San Francisco for"}, {"start": "00:45:41", "end": "00:45:45", "text": "economic freedom are much different than"}, {"start": "00:45:43", "end": "00:45:48", "text": "some fella in Oklahoma and what they"}, {"start": "00:45:45", "end": "00:45:50", "text": "need to accomplish to get economic"}, {"start": "00:45:48", "end": "00:45:52", "text": "freedom, right? And how low can we go?"}, {"start": "00:45:50", "end": "00:45:54", "text": "How low can Bitcoin go and still be in"}, {"start": "00:45:52", "end": "00:45:57", "text": "line with historical metrics? Let's take"}, {"start": "00:45:54", "end": "00:45:59", "text": "a look at it. So, right now on the"}, {"start": "00:45:57", "end": "00:46:01", "text": "weekly time frame, we're looking pretty"}, {"start": "00:45:59", "end": "00:46:03", "text": "good. we are showing you know in terms"}, {"start": "00:46:01", "end": "00:46:06", "text": "of RSI"}, {"start": "00:46:03", "end": "00:46:08", "text": "uh it is a bullish divergence but the"}, {"start": "00:46:06", "end": "00:46:11", "text": "main thing that I wanted to show here is"}, {"start": "00:46:08", "end": "00:46:13", "text": "that these main capitulation candles"}, {"start": "00:46:11", "end": "00:46:16", "text": "that get you down to the five or the"}, {"start": "00:46:13", "end": "00:46:20", "text": "seven in fear like this one here on"}, {"start": "00:46:16", "end": "00:46:22", "text": "February 2nd uh these usually mark the"}, {"start": "00:46:20", "end": "00:46:24", "text": "beginning of that cascade down and"}, {"start": "00:46:22", "end": "00:46:28", "text": "equivalent to where we are currently in"}, {"start": "00:46:24", "end": "00:46:31", "text": "Bitcoin at about 624 is very very"}, {"start": "00:46:28", "end": "00:46:35", "text": "similar to right here in my opinion of"}, {"start": "00:46:31", "end": "00:46:38", "text": "it's about September 5th of 2022 and it"}, {"start": "00:46:35", "end": "00:46:40", "text": "leaves plenty of room for that final get"}, {"start": "00:46:38", "end": "00:46:41", "text": "off my lawn candle that Bitcoin can give"}, {"start": "00:46:40", "end": "00:46:44", "text": "out over the course of the next few"}, {"start": "00:46:41", "end": "00:46:47", "text": "months as we grind into the later part"}, {"start": "00:46:44", "end": "00:46:51", "text": "of the year and it drops 11% below that"}, {"start": "00:46:47", "end": "00:46:55", "text": "capitulation candle uh right around just"}, {"start": "00:46:51", "end": "00:46:58", "text": "about 10.5 10.9%."}, {"start": "00:46:55", "end": "00:47:01", "text": "So, if we see the 4-year cycle really"}, {"start": "00:46:58", "end": "00:47:03", "text": "rinse and repeat itself, Bitcoin"}, {"start": "00:47:01", "end": "00:47:06", "text": "absolutely has the wherewithal to drop"}, {"start": "00:47:03", "end": "00:47:08", "text": "down to the lower $50,000 over the"}, {"start": "00:47:06", "end": "00:47:11", "text": "course of the next few months here."}, {"start": "00:47:08", "end": "00:47:13", "text": "Absolutely. And, you know, seeing this,"}, {"start": "00:47:11", "end": "00:47:15", "text": "you know, I'm not saying, you know, the"}, {"start": "00:47:13", "end": "00:47:18", "text": "mega selloff down to $40,000 is"}, {"start": "00:47:15", "end": "00:47:21", "text": "unlikely, but I am treating my DCA time"}, {"start": "00:47:18", "end": "00:47:23", "text": "frame as it is improbable. The higher"}, {"start": "00:47:21", "end": "00:47:25", "text": "probability for me is that we see a"}, {"start": "00:47:23", "end": "00:47:29", "text": "capitulation wick, a final kick you to"}, {"start": "00:47:25", "end": "00:47:31", "text": "the balls here at a lower $50,000 region"}, {"start": "00:47:29", "end": "00:47:33", "text": "and then start to grind to the upside"}, {"start": "00:47:31", "end": "00:47:36", "text": "and a true bottom formation start to"}, {"start": "00:47:33", "end": "00:47:38", "text": "form out. So that's how I'm playing it."}, {"start": "00:47:36", "end": "00:47:39", "text": "I am going to be giving out exactly what"}, {"start": "00:47:38", "end": "00:47:42", "text": "I purchased last week and what I'm going"}, {"start": "00:47:39", "end": "00:47:43", "text": "to be buying this week in the school."}, {"start": "00:47:42", "end": "00:47:45", "text": "And I have a lot of work cut out for me"}, {"start": "00:47:43", "end": "00:47:47", "text": "because there's a lot of really good"}, {"start": "00:47:45", "end": "00:47:49", "text": "questions in there, a lot of really deep"}, {"start": "00:47:47", "end": "00:47:51", "text": "analysises in there that I'm going to be"}, {"start": "00:47:49", "end": "00:47:54", "text": "spending the rest of the day focusing on"}, {"start": "00:47:51", "end": "00:47:56", "text": "in a very very specific way because this"}, {"start": "00:47:54", "end": "00:48:00", "text": "next few months is where I can recreate"}, {"start": "00:47:56", "end": "00:48:02", "text": "a great portfolio. And the biggest"}, {"start": "00:48:00", "end": "00:48:06", "text": "problem that I see with people is not"}, {"start": "00:48:02", "end": "00:48:09", "text": "taking profits. That is the thing that I"}, {"start": "00:48:06", "end": "00:48:11", "text": "think ails most people in crypto is just"}, {"start": "00:48:09", "end": "00:48:13", "text": "wanting a screenshot and for your wife"}, {"start": "00:48:11", "end": "00:48:15", "text": "to give you a big kiss with your"}, {"start": "00:48:13", "end": "00:48:18", "text": "girlfriend, but then you don't actually"}, {"start": "00:48:15", "end": "00:48:20", "text": "sell what you're showing off and that is"}, {"start": "00:48:18", "end": "00:48:24", "text": "something that's very very important."}, {"start": "00:48:20", "end": "00:48:26", "text": "Um, you know, so that is my I don't know"}, {"start": "00:48:24", "end": "00:48:28", "text": "TJ, you've been through multiple cycles."}, {"start": "00:48:26", "end": "00:48:29", "text": "We both have seen a lot of stuff."}, {"start": "00:48:28", "end": "00:48:33", "text": ">> Sure. What do you what do you think the"}, {"start": "00:48:29", "end": "00:48:35", "text": "biggest mistake that crypto holders make"}, {"start": "00:48:33", "end": "00:48:38", "text": "cycle over cycle in your opinion?"}, {"start": "00:48:35", "end": "00:48:40", "text": ">> It emotions not having control of their"}, {"start": "00:48:38", "end": "00:48:42", "text": "emotions. Yeah. Not I mean the the real"}, {"start": "00:48:40", "end": "00:48:45", "text": "and you could say not having a plan. I"}, {"start": "00:48:42", "end": "00:48:46", "text": "can I guess they go together. But a lot"}, {"start": "00:48:45", "end": "00:48:48", "text": "of people jump in because they're"}, {"start": "00:48:46", "end": "00:48:49", "text": "excited and they don't they're not"}, {"start": "00:48:48", "end": "00:48:50", "text": "really thinking through all of this"}, {"start": "00:48:49", "end": "00:48:52", "text": "stuff we're talking about. They don't"}, {"start": "00:48:50", "end": "00:48:53", "text": "really know their goals. They don't"}, {"start": "00:48:52", "end": "00:48:55", "text": "really have a plan. And that again"}, {"start": "00:48:53", "end": "00:48:57", "text": "that's the whole purpose. The foundation"}, {"start": "00:48:55", "end": "00:48:59", "text": "we're starting with in school is to get"}, {"start": "00:48:57", "end": "00:49:02", "text": "your plan set so you can execute it"}, {"start": "00:48:59", "end": "00:49:04", "text": "because the plan helps you not be"}, {"start": "00:49:02", "end": "00:49:06", "text": "emotional because look in in Bitcoin and"}, {"start": "00:49:04", "end": "00:49:08", "text": "crypto trading in general, but"}, {"start": "00:49:06", "end": "00:49:10", "text": "especially in crypto, it's extremely"}, {"start": "00:49:08", "end": "00:49:11", "text": "volatile. You have huge swings of"}, {"start": "00:49:10", "end": "00:49:13", "text": "emotion like you just said. You have a"}, {"start": "00:49:11", "end": "00:49:14", "text": "screenshot where you're up all this"}, {"start": "00:49:13", "end": "00:49:15", "text": "money and it's more money than you"}, {"start": "00:49:14", "end": "00:49:17", "text": "thought you were. You're over the moon"}, {"start": "00:49:15", "end": "00:49:18", "text": "and then your brain tells you it's going"}, {"start": "00:49:17", "end": "00:49:20", "text": "higher. It's going to do this. And then"}, {"start": "00:49:18", "end": "00:49:22", "text": "same right now. A lot of people are down"}, {"start": "00:49:20", "end": "00:49:23", "text": "in the dumps right now because prices"}, {"start": "00:49:22", "end": "00:49:24", "text": "are pulled back and they're thinking,"}, {"start": "00:49:23", "end": "00:49:25", "text": "\"Ah, I got to get out. Like, this didn't"}, {"start": "00:49:24", "end": "00:49:27", "text": "work. I failed"}, {"start": "00:49:25", "end": "00:49:30", "text": ">> and you haven't failed. You have plenty"}, {"start": "00:49:27", "end": "00:49:32", "text": "of time to execute as long as you follow"}, {"start": "00:49:30", "end": "00:49:34", "text": "a plan.\" So, I would say,"}, {"start": "00:49:32", "end": "00:49:37", "text": ">> I guess number one mistake is not having"}, {"start": "00:49:34", "end": "00:49:39", "text": "a plan. Number two mistake is, you know,"}, {"start": "00:49:37", "end": "00:49:40", "text": "reacting emotionally. And I think those"}, {"start": "00:49:39", "end": "00:49:43", "text": "are the first two things. If you can get"}, {"start": "00:49:40", "end": "00:49:45", "text": "those two things under control, I've"}, {"start": "00:49:43", "end": "00:49:47", "text": "seen many, you know, I've seen a"}, {"start": "00:49:45", "end": "00:49:48", "text": "countless amount of people completely"}, {"start": "00:49:47", "end": "00:49:50", "text": "retire, change their lives, become"}, {"start": "00:49:48", "end": "00:49:52", "text": "multi-millionaires, pay off houses,"}, {"start": "00:49:50", "end": "00:49:54", "text": "retire parents, all that sort of stuff"}, {"start": "00:49:52", "end": "00:49:56", "text": "just by doing the simple basic stuff."}, {"start": "00:49:54", "end": "00:49:58", "text": "You don't have to get too sophisticated"}, {"start": "00:49:56", "end": "00:50:01", "text": "with it. Uh, and speaking of simple and"}, {"start": "00:49:58", "end": "00:50:03", "text": "easy and basic, only 112 likes on this"}, {"start": "00:50:01", "end": "00:50:05", "text": "stream. Come on, guys. We got over 2,000"}, {"start": "00:50:03", "end": "00:50:06", "text": "views already. We could definitely get a"}, {"start": "00:50:05", "end": "00:50:08", "text": "couple hundred likes. If you could, I"}, {"start": "00:50:06", "end": "00:50:10", "text": "would would appreciate that. But uh"}, {"start": "00:50:08", "end": "00:50:11", "text": "yeah, I've got Kelly here saying"}, {"start": "00:50:10", "end": "00:50:13", "text": "thinking it's going to go higher so you"}, {"start": "00:50:11", "end": "00:50:15", "text": "don't take profits and not realizing"}, {"start": "00:50:13", "end": "00:50:17", "text": "it's going to go down and probably lower"}, {"start": "00:50:15", "end": "00:50:19", "text": "and sooner than you expect, not being"}, {"start": "00:50:17", "end": "00:50:20", "text": "prepared to buy. That's a that's a"}, {"start": "00:50:19", "end": "00:50:22", "text": "perfect way to say, you know,"}, {"start": "00:50:20", "end": "00:50:24", "text": "essentially the same thing that I said"}, {"start": "00:50:22", "end": "00:50:26", "text": "basically being unprepared at the top,"}, {"start": "00:50:24", "end": "00:50:28", "text": "being unprepared at the bottom. And so"}, {"start": "00:50:26", "end": "00:50:30", "text": "if you get prepared, you know, hey, this"}, {"start": "00:50:28", "end": "00:50:32", "text": "is again, I'm going to say it loud and"}, {"start": "00:50:30", "end": "00:50:34", "text": "clear. I'm going to be a broken record"}, {"start": "00:50:32", "end": "00:50:36", "text": "on this. This next six months"}, {"start": "00:50:34", "end": "00:50:38", "text": ">> between now and the end of this year is"}, {"start": "00:50:36", "end": "00:50:39", "text": "your time. If you're not if you're not"}, {"start": "00:50:38", "end": "00:50:41", "text": "prepared, you have a very short period"}, {"start": "00:50:39", "end": "00:50:44", "text": "of time to get prepared. If you are,"}, {"start": "00:50:41", "end": "00:50:47", "text": "start executing on that plan because we"}, {"start": "00:50:44", "end": "00:50:50", "text": "are in especially when we were below 60K"}, {"start": "00:50:47", "end": "00:50:52", "text": "the generational buying zone."}, {"start": "00:50:50", "end": "00:50:54", "text": ">> Absolutely. Well, within that school, I"}, {"start": "00:50:52", "end": "00:50:55", "text": "have a lot of work cut out for me."}, {"start": "00:50:54", "end": "00:50:58", "text": "Another thing that I am going to be"}, {"start": "00:50:55", "end": "00:51:00", "text": "taking very seriously is the tow subnet"}, {"start": "00:50:58", "end": "00:51:03", "text": "ecosystem. And there's going to be a lot"}, {"start": "00:51:00", "end": "00:51:07", "text": "of smaller plays that, you know, in the"}, {"start": "00:51:03", "end": "00:51:09", "text": "tow ecosystem, I feel like can be great"}, {"start": "00:51:07", "end": "00:51:12", "text": "moonshots, but I have to be very careful"}, {"start": "00:51:09", "end": "00:51:14", "text": "about which ones we go after. Um, let's"}, {"start": "00:51:12", "end": "00:51:16", "text": "see. Let's say, how many times have you"}, {"start": "00:51:14", "end": "00:51:18", "text": "told the audience you sold, took profits"}, {"start": "00:51:16", "end": "00:51:19", "text": "this last year? I remember that at least"}, {"start": "00:51:18", "end": "00:51:21", "text": "10 times. Yes. Some people think you"}, {"start": "00:51:19", "end": "00:51:23", "text": "never talk about selling. Yeah, it is."}, {"start": "00:51:21", "end": "00:51:26", "text": "And I understand people don't catch"}, {"start": "00:51:23", "end": "00:51:28", "text": "every show. They don't see when I'm live"}, {"start": "00:51:26", "end": "00:51:30", "text": "and cheating everything out of whatever"}, {"start": "00:51:28", "end": "00:51:32", "text": "altcoin. I get it. You can't keep up"}, {"start": "00:51:30", "end": "00:51:34", "text": "with everything. There's a lot of noise"}, {"start": "00:51:32", "end": "00:51:35", "text": "out there. And that's why school lessens"}, {"start": "00:51:34", "end": "00:51:37", "text": "the amount of noise that's out there."}, {"start": "00:51:35", "end": "00:51:40", "text": "That's why I can slow it down, write my"}, {"start": "00:51:37", "end": "00:51:42", "text": "thesis on exactly why I'm selling, what"}, {"start": "00:51:40", "end": "00:51:44", "text": "metrics have hit that I do plan to sell"}, {"start": "00:51:42", "end": "00:51:46", "text": "at. And there's a lot of stock picks"}, {"start": "00:51:44", "end": "00:51:48", "text": "that I haven't even talked to you guys"}, {"start": "00:51:46", "end": "00:51:50", "text": "about on this show because everyone's so"}, {"start": "00:51:48", "end": "00:51:52", "text": "concerned with just altcoins. that there"}, {"start": "00:51:50", "end": "00:51:55", "text": "are great stock picks in my portfolio"}, {"start": "00:51:52", "end": "00:51:57", "text": "that you know I've utilized AI agents"}, {"start": "00:51:55", "end": "00:51:59", "text": "for a few years to identify that have"}, {"start": "00:51:57", "end": "00:52:01", "text": "been going absolutely ballistic. So"}, {"start": "00:51:59", "end": "00:52:03", "text": "diversification balance the portfolio"}, {"start": "00:52:01", "end": "00:52:05", "text": "all of those things matter all of those"}, {"start": "00:52:03", "end": "00:52:07", "text": "metrics matter and that's exactly what"}, {"start": "00:52:05", "end": "00:52:09", "text": "we're going to hop into. And yes we I"}, {"start": "00:52:07", "end": "00:52:10", "text": "see uh Annie wants to join school. We"}, {"start": "00:52:09", "end": "00:52:12", "text": "have a link down in the description to"}, {"start": "00:52:10", "end": "00:52:14", "text": "join in there. I really do recommend it."}, {"start": "00:52:12", "end": "00:52:18", "text": "We have a kickoff call this Wednesday at"}, {"start": "00:52:14", "end": "00:52:20", "text": "100 p.m. and it's already an insanely"}, {"start": "00:52:18", "end": "00:52:22", "text": "good community with our soft roll out of"}, {"start": "00:52:20", "end": "00:52:25", "text": "this thing. So, I'm excited to see you"}, {"start": "00:52:22", "end": "00:52:27", "text": "in there. This is the season to lock in."}, {"start": "00:52:25", "end": "00:52:30", "text": "Just be good. Be good to your family. Be"}, {"start": "00:52:27", "end": "00:52:31", "text": "good to your mental clarity. This is a"}, {"start": "00:52:30", "end": "00:52:34", "text": "very emotional time. Don't get wrapped"}, {"start": "00:52:31", "end": "00:52:36", "text": "up in all the news. The doom scrolling."}, {"start": "00:52:34", "end": "00:52:38", "text": "This is business as usual. The four-ear"}, {"start": "00:52:36", "end": "00:52:40", "text": "cycle is holding together. And I will"}, {"start": "00:52:38", "end": "00:52:41", "text": "see you on the next episode. We just"}, {"start": "00:52:40", "end": "00:52:43", "text": "wanted to take a quick second to shout"}, {"start": "00:52:41", "end": "00:52:45", "text": "out our sponsor, Arculus. They are a"}, {"start": "00:52:43", "end": "00:52:46", "text": "cold storage hardware wallet. Helps you"}, {"start": "00:52:45", "end": "00:52:48", "text": "secure all of your digital assets for"}, {"start": "00:52:46", "end": "00:52:50", "text": "the future. Just tap this thing to the"}, {"start": "00:52:48", "end": "00:52:51", "text": "back of your phone and boom, you're in."}, {"start": "00:52:50", "end": "00:52:53", "text": "We wouldn't be able to do this without"}, {"start": "00:52:51", "end": "00:52:55", "text": "them, but also wouldn't be able to do"}, {"start": "00:52:53", "end": "00:52:56", "text": "this without you guys, the Disco Fam."}, {"start": "00:52:55", "end": "00:52:57", "text": "You've supported us a lot over the"}, {"start": "00:52:56", "end": "00:53:00", "text": "years. If you want to support the"}, {"start": "00:52:57", "end": "00:53:02", "text": "channel now, just use the code DC20. It"}, {"start": "00:53:00", "end": "00:53:04", "text": "gets you 20% off this card. It's the"}, {"start": "00:53:02", "end": "00:53:06", "text": "number one way you can support this"}, {"start": "00:53:04", "end": "00:53:10", "text": "channel going forward. Thank you for"}, {"start": "00:53:06", "end": "00:53:10", "text": "your support. We'll see you at the top."}]

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

[{"start": "00:00:00", "end": "00:00:02", "text": "hey guys Alesia hope you're well just a"}, {"start": "00:00:01", "end": "00:00:04", "text": "very quick update for you about the"}, {"start": "00:00:02", "end": "00:00:05", "text": "Bitcoin situation we're going to take a"}, {"start": "00:00:04", "end": "00:00:06", "text": "look at this chart you're seeing here"}, {"start": "00:00:05", "end": "00:00:08", "text": "I'm going to explain to the significance"}, {"start": "00:00:06", "end": "00:00:10", "text": "of this for Bitcoin in the next several"}, {"start": "00:00:08", "end": "00:00:21", "text": "weeks and months all right guys join"}, {"start": "00:00:10", "end": "00:00:23", "text": "[Music]"}, {"start": "00:00:21", "end": "00:00:26", "text": "me hey guys welcome back speaking to you"}, {"start": "00:00:23", "end": "00:00:28", "text": "from ven Venice in Italy bonjour Ami uh"}, {"start": "00:00:26", "end": "00:00:30", "text": "guys let's talk about Bitcoin uh now you"}, {"start": "00:00:28", "end": "00:00:32", "text": "probably remember my previous up date on"}, {"start": "00:00:30", "end": "00:00:34", "text": "bitcoin I expressed my view I expressed"}, {"start": "00:00:32", "end": "00:00:36", "text": "my view that I think the trend the"}, {"start": "00:00:34", "end": "00:00:37", "text": "uptrend in Bitcoin is much more likely"}, {"start": "00:00:36", "end": "00:00:38", "text": "to continue in the next several weeks"}, {"start": "00:00:37", "end": "00:00:41", "text": "and months especially if we get that"}, {"start": "00:00:38", "end": "00:00:42", "text": "bullish macd crossover which has not yet"}, {"start": "00:00:41", "end": "00:00:44", "text": "happened but it may happen and then"}, {"start": "00:00:42", "end": "00:00:45", "text": "likely in the future what I want to draw"}, {"start": "00:00:44", "end": "00:00:47", "text": "your attention to again very briefly in"}, {"start": "00:00:45", "end": "00:00:49", "text": "this uh video is what's called"}, {"start": "00:00:47", "end": "00:00:50", "text": "seasonality of Bitcoin what usually"}, {"start": "00:00:49", "end": "00:00:52", "text": "happens to Bitcoin in different months"}, {"start": "00:00:50", "end": "00:00:54", "text": "of the year now as we know September"}, {"start": "00:00:52", "end": "00:00:56", "text": "tends to be a rather negative month and"}, {"start": "00:00:54", "end": "00:00:57", "text": "October didn't have a really great start"}, {"start": "00:00:56", "end": "00:01:00", "text": "for Bitcoin either as we can see here"}, {"start": "00:00:57", "end": "00:01:02", "text": "Bitcoin dropped in early October uh so"}, {"start": "00:01:00", "end": "00:01:03", "text": "not a great start for Bitcoin but as you"}, {"start": "00:01:02", "end": "00:01:05", "text": "can see here from this chart of"}, {"start": "00:01:03", "end": "00:01:07", "text": "seasonality of Bitcoin in the month of"}, {"start": "00:01:05", "end": "00:01:10", "text": "October you will see that typically in"}, {"start": "00:01:07", "end": "00:01:12", "text": "the first part the beginning of October"}, {"start": "00:01:10", "end": "00:01:14", "text": "there's not that many green bars so"}, {"start": "00:01:12", "end": "00:01:15", "text": "seasonally Bitcoin doesn't seem to"}, {"start": "00:01:14", "end": "00:01:17", "text": "perform very well again in the beginning"}, {"start": "00:01:15", "end": "00:01:19", "text": "stages of October but the good news is"}, {"start": "00:01:17", "end": "00:01:21", "text": "that as we enter the second part the"}, {"start": "00:01:19", "end": "00:01:24", "text": "second half of October things begin to"}, {"start": "00:01:21", "end": "00:01:26", "text": "improve for Bitcoin seasonally okay now"}, {"start": "00:01:24", "end": "00:01:28", "text": "this is by no means a certainty we have"}, {"start": "00:01:26", "end": "00:01:30", "text": "to remember that seasonality just one"}, {"start": "00:01:28", "end": "00:01:32", "text": "factor we look at it's by no means a"}, {"start": "00:01:30", "end": "00:01:34", "text": "guarantee or certainty again there's no"}, {"start": "00:01:32", "end": "00:01:35", "text": "guarantees or certainties when it comes"}, {"start": "00:01:34", "end": "00:01:38", "text": "to analysis okay we're looking at"}, {"start": "00:01:35", "end": "00:01:39", "text": "probabilities so the reason why we look"}, {"start": "00:01:38", "end": "00:01:41", "text": "at seasonality just to have a look at"}, {"start": "00:01:39", "end": "00:01:43", "text": "what are the likely probabilities for"}, {"start": "00:01:41", "end": "00:01:45", "text": "Bitcoin seasonally speaking I would"}, {"start": "00:01:43", "end": "00:01:47", "text": "personally prefer to combine seasonality"}, {"start": "00:01:45", "end": "00:01:49", "text": "with price action so I would never use"}, {"start": "00:01:47", "end": "00:01:50", "text": "seasonality on its own it is an"}, {"start": "00:01:49", "end": "00:01:53", "text": "important factor to look at and as we"}, {"start": "00:01:50", "end": "00:01:55", "text": "can see here seasonally Bitcoin does"}, {"start": "00:01:53", "end": "00:01:57", "text": "seem to perform quite well uh going from"}, {"start": "00:01:55", "end": "00:01:59", "text": "the second part the second half of"}, {"start": "00:01:57", "end": "00:02:01", "text": "October onwards in fact we can see as we"}, {"start": "00:01:59", "end": "00:02:03", "text": "enter the second part of October there"}, {"start": "00:02:01", "end": "00:02:05", "text": "are more greens uh than there are Reds"}, {"start": "00:02:03", "end": "00:02:07", "text": "as shown by the average turns in October"}, {"start": "00:02:05", "end": "00:02:10", "text": "and also the win rate improves as well"}, {"start": "00:02:07", "end": "00:02:13", "text": "the percentage positive improves as well"}, {"start": "00:02:10", "end": "00:02:14", "text": "so that might provide uh some hope some"}, {"start": "00:02:13", "end": "00:02:17", "text": "B and notizia I think that's how you say"}, {"start": "00:02:14", "end": "00:02:19", "text": "it in Italy some good news for Bitcoin"}, {"start": "00:02:17", "end": "00:02:21", "text": "lovers out there all right guys so it"}, {"start": "00:02:19", "end": "00:02:22", "text": "should be quite interesting to see what"}, {"start": "00:02:21", "end": "00:02:24", "text": "happens uh the stock markets go through"}, {"start": "00:02:22", "end": "00:02:27", "text": "what's called a Halloween effect uh from"}, {"start": "00:02:24", "end": "00:02:29", "text": "the end of October to December and that"}, {"start": "00:02:27", "end": "00:02:30", "text": "might bode well for Bitcoin as well"}, {"start": "00:02:29", "end": "00:02:33", "text": "probably a positive period for the stock"}, {"start": "00:02:30", "end": "00:02:34", "text": "markets May potentially bode well for"}, {"start": "00:02:33", "end": "00:02:36", "text": "Bitcoin as well because the two are"}, {"start": "00:02:34", "end": "00:02:38", "text": "often correlated now remember guys I'm"}, {"start": "00:02:36", "end": "00:02:40", "text": "only going to maintain a bullish an"}, {"start": "00:02:38", "end": "00:02:42", "text": "optimistic view on bitcoin as long as it"}, {"start": "00:02:40", "end": "00:02:44", "text": "stays above the September lows okay"}, {"start": "00:02:42", "end": "00:02:46", "text": "September lows is going to be very"}, {"start": "00:02:44", "end": "00:02:48", "text": "important for Bitcoin to protect so as"}, {"start": "00:02:46", "end": "00:02:49", "text": "long as Bitcoin stays above that level"}, {"start": "00:02:48", "end": "00:02:51", "text": "of support I'm going to maintain a"}, {"start": "00:02:49", "end": "00:02:52", "text": "cautiously bullish View and optimistic"}, {"start": "00:02:51", "end": "00:02:54", "text": "view of Bitcoin for the next several"}, {"start": "00:02:52", "end": "00:02:56", "text": "weeks and months all right guys that's"}, {"start": "00:02:54", "end": "00:02:57", "text": "really what I got here so Hari see you"}, {"start": "00:02:56", "end": "00:03:01", "text": "guys in the next video update cheers"}, {"start": "00:02:57", "end": "00:03:01", "text": "guys bye now"}, {"start": "00:03:01", "end": "00:03:14", "text": "[Music]"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "I actually want to talk about SpaceX uh"}, {"start": "00:00:01", "end": "00:00:04", "text": "the IPO which is going to be released"}, {"start": "00:00:03", "end": "00:00:06", "text": "very soon. Here's an interesting point I"}, {"start": "00:00:04", "end": "00:00:08", "text": "actually want to raise with you because"}, {"start": "00:00:06", "end": "00:00:11", "text": "in the past when we see tech IPOs come"}, {"start": "00:00:08", "end": "00:00:14", "text": "out there often tends to be a lot of"}, {"start": "00:00:11", "end": "00:00:17", "text": "volatility and price typically tends to"}, {"start": "00:00:14", "end": "00:00:21", "text": "drop in the initial stages of a new tech"}, {"start": "00:00:17", "end": "00:00:22", "text": "IPO and this happened for example with"}, {"start": "00:00:21", "end": "00:00:25", "text": "launches but but there has been research"}, {"start": "00:00:22", "end": "00:00:28", "text": "done in the past and u my personal view"}, {"start": "00:00:25", "end": "00:00:31", "text": "is that I'm very cautious when a new"}, {"start": "00:00:28", "end": "00:00:33", "text": "technology IPO comes out and the new one"}, {"start": "00:00:31", "end": "00:00:35", "text": "for example SpaceX what do you think Do"}, {"start": "00:00:33", "end": "00:00:37", "text": "you think when the IPO comes on the"}, {"start": "00:00:35", "end": "00:00:40", "text": "market at SpaceX, are you going to be a"}, {"start": "00:00:37", "end": "00:00:41", "text": "buyer or are you No, you're not going to"}, {"start": "00:00:40", "end": "00:00:45", "text": "be a buyer."}, {"start": "00:00:41", "end": "00:00:46", "text": ">> Disclaimer, disclosure. I don't buy on"}, {"start": "00:00:45", "end": "00:00:48", "text": "tips or hunches."}, {"start": "00:00:46", "end": "00:00:50", "text": ">> As a stock picker, one thing is trend"}, {"start": "00:00:48", "end": "00:00:52", "text": "following. And this is what we do in"}, {"start": "00:00:50", "end": "00:00:54", "text": "these videos. But if you ask me about my"}, {"start": "00:00:52", "end": "00:00:56", "text": "stock picks, I do it based on"}, {"start": "00:00:54", "end": "00:01:00", "text": "quantitative systems. So everything is"}, {"start": "00:00:56", "end": "00:01:02", "text": "computerized. So the computer vomits uh"}, {"start": "00:01:00", "end": "00:01:04", "text": "the tickers to buy and the tickets to"}, {"start": "00:01:02", "end": "00:01:06", "text": "sell. It's everything has been coded and"}, {"start": "00:01:04", "end": "00:01:08", "text": "I buy and sell religiously. No second"}, {"start": "00:01:06", "end": "00:01:11", "text": "guessing. Most of the time I don't even"}, {"start": "00:01:08", "end": "00:01:12", "text": "know what I'm buying. For instance, did"}, {"start": "00:01:11", "end": "00:01:16", "text": "you know did you know Alysia that I had"}, {"start": "00:01:12", "end": "00:01:18", "text": "Micron it reached for 14% of one of my"}, {"start": "00:01:16", "end": "00:01:20", "text": "portfolios or micron technology and I"}, {"start": "00:01:18", "end": "00:01:23", "text": "did not know that it was in my"}, {"start": "00:01:20", "end": "00:01:26", "text": "portfolio. I didn't know and I was"}, {"start": "00:01:23", "end": "00:01:28", "text": "reading because of course I get news."}, {"start": "00:01:26", "end": "00:01:30", "text": "So, wow, micron. I said, wow, lucky guys"}, {"start": "00:01:28", "end": "00:01:33", "text": "those that bought micron. And then one"}, {"start": "00:01:30", "end": "00:01:34", "text": "day I see I have mu. And he said, mu mu."}, {"start": "00:01:33", "end": "00:01:38", "text": "I thought I thought it was something of"}, {"start": "00:01:34", "end": "00:01:41", "text": "a dairy milk. Moo moo moo. No, it was"}, {"start": "00:01:38", "end": "00:01:43", "text": "it's my portfolio. Great. And I had to"}, {"start": "00:01:41", "end": "00:01:47", "text": "rebalance because I I realized because I"}, {"start": "00:01:43", "end": "00:01:50", "text": "had to rebalance because it had grown so"}, {"start": "00:01:47", "end": "00:01:52", "text": "the share was so large that I had to"}, {"start": "00:01:50", "end": "00:01:54", "text": "trim down trim down a little bit. So"}, {"start": "00:01:52", "end": "00:01:57", "text": "what I mean is that when I do a stock"}, {"start": "00:01:54", "end": "00:02:00", "text": "picking, I have no idea of the stocks I"}, {"start": "00:01:57", "end": "00:02:02", "text": "buy or sell. I just get tickers. So"}, {"start": "00:02:00", "end": "00:02:05", "text": "answer to your question, no, I'm not"}, {"start": "00:02:02", "end": "00:02:09", "text": "going to buy Space X. I will buy it when"}, {"start": "00:02:05", "end": "00:02:11", "text": "my computer system says it's a buy and"}, {"start": "00:02:09", "end": "00:02:13", "text": "then I will buy it and when it's time to"}, {"start": "00:02:11", "end": "00:02:13", "text": "sell, I will sell it. So no, I don't buy"}, {"start": "00:02:13", "end": "00:02:15", "text": "on hand."}, {"start": "00:02:13", "end": "00:02:17", "text": ">> So you're not one of these guys who as"}, {"start": "00:02:15", "end": "00:02:19", "text": "soon as the IPO comes in the market, as"}, {"start": "00:02:17", "end": "00:02:20", "text": "soon as the stock comes in the market,"}, {"start": "00:02:19", "end": "00:02:22", "text": "you go ahead and buy it. I think a lot"}, {"start": "00:02:20", "end": "00:02:23", "text": "of people do that. There is there are"}, {"start": "00:02:22", "end": "00:02:25", "text": "many ways to make money in the stock"}, {"start": "00:02:23", "end": "00:02:29", "text": "market. You don't have to no you don't"}, {"start": "00:02:25", "end": "00:02:31", "text": "have to chase names or or his stories."}, {"start": "00:02:29", "end": "00:02:33", "text": "If it's a buy, don't worry. Your trading"}, {"start": "00:02:31", "end": "00:02:35", "text": "system when they will tell you whatever"}, {"start": "00:02:33", "end": "00:02:37", "text": "it can be quant, it can be charts,"}, {"start": "00:02:35", "end": "00:02:39", "text": "whatever. One day will tell you look"}, {"start": "00:02:37", "end": "00:02:41", "text": "this is a sweet spot and then you will"}, {"start": "00:02:39", "end": "00:02:44", "text": "buy and you will buy a ticker. You you"}, {"start": "00:02:41", "end": "00:02:47", "text": "won't buy SpaceX. You don't give a a"}, {"start": "00:02:44", "end": "00:02:49", "text": "damn about the the the narrative. you"}, {"start": "00:02:47", "end": "00:02:52", "text": "will buy a ticker and when the chart or"}, {"start": "00:02:49", "end": "00:02:54", "text": "your quant whatever method you have says"}, {"start": "00:02:52", "end": "00:02:56", "text": "sell you will sell a ticker you are you"}, {"start": "00:02:54", "end": "00:02:58", "text": "you"}, {"start": "00:02:56", "end": "00:03:00", "text": "shouldn't follow narratives look a stock"}, {"start": "00:02:58", "end": "00:03:02", "text": "portfolio is like a team player you"}, {"start": "00:03:00", "end": "00:03:04", "text": "don't you don't care much about who's"}, {"start": "00:03:02", "end": "00:03:07", "text": "going to score the issue is that it"}, {"start": "00:03:04", "end": "00:03:10", "text": "scores and that's it and we we won the"}, {"start": "00:03:07", "end": "00:03:12", "text": "the master shaft the the world cup okay"}, {"start": "00:03:10", "end": "00:03:14", "text": "that's it period"}, {"start": "00:03:12", "end": "00:03:16", "text": ">> the thing is that the studies that have"}, {"start": "00:03:14", "end": "00:03:19", "text": "been done on tech IPOs in general have"}, {"start": "00:03:16", "end": "00:03:21", "text": "shown known that in the first 3 to 6"}, {"start": "00:03:19", "end": "00:03:23", "text": "months approximately"}, {"start": "00:03:21", "end": "00:03:25", "text": "uh these these particular stocks tend to"}, {"start": "00:03:23", "end": "00:03:27", "text": "underperform uh in other words they"}, {"start": "00:03:25", "end": "00:03:29", "text": "don't do very well even if initially"}, {"start": "00:03:27", "end": "00:03:32", "text": "they rally sometimes a stock may come on"}, {"start": "00:03:29", "end": "00:03:35", "text": "the market you know an IPO and initially"}, {"start": "00:03:32", "end": "00:03:37", "text": "it may do well but overall over the next"}, {"start": "00:03:35", "end": "00:03:40", "text": "several months the next for example the"}, {"start": "00:03:37", "end": "00:03:42", "text": "next 6 months after the initial rally"}, {"start": "00:03:40", "end": "00:03:44", "text": "they tend to drop and actually go below"}, {"start": "00:03:42", "end": "00:03:47", "text": "the levels"}, {"start": "00:03:44", "end": "00:03:49", "text": ">> uh the initial price action So, that is"}, {"start": "00:03:47", "end": "00:03:51", "text": "why I'm rather skeptical. Uh, and I'm"}, {"start": "00:03:49", "end": "00:03:53", "text": "going to do the same thing as you. I'm"}, {"start": "00:03:51", "end": "00:03:54", "text": "not just going to just jump in. However,"}, {"start": "00:03:53", "end": "00:03:57", "text": "I'm again, this video is by no means a"}, {"start": "00:03:54", "end": "00:03:59", "text": "recommendation to buy or sell any stock."}, {"start": "00:03:57", "end": "00:04:01", "text": "Again, we're not saying to people they"}, {"start": "00:03:59", "end": "00:04:02", "text": "should not buy or buy. It doesn't"}, {"start": "00:04:01", "end": "00:04:04", "text": "matter. We're just again, this video is"}, {"start": "00:04:02", "end": "00:04:05", "text": "purely for educational purposes. All"}, {"start": "00:04:04", "end": "00:04:08", "text": "we're saying is based on our experience"}, {"start": "00:04:05", "end": "00:04:09", "text": "and uh again on the charts in general,"}, {"start": "00:04:08", "end": "00:04:13", "text": "it's not something we consider to be a"}, {"start": "00:04:09", "end": "00:04:14", "text": "wise thing or a good idea to just jump"}, {"start": "00:04:13", "end": "00:04:16", "text": "in as soon as the stock comes in the"}, {"start": "00:04:14", "end": "00:04:19", "text": "market. uh personally I would much"}, {"start": "00:04:16", "end": "00:04:21", "text": "prefer to apply some method before I"}, {"start": "00:04:19", "end": "00:04:23", "text": "consider buying. So as far as SpaceX is"}, {"start": "00:04:21", "end": "00:04:26", "text": "concerned I'm going to be remaining"}, {"start": "00:04:23", "end": "00:04:27", "text": "cautious until I see a better"}, {"start": "00:04:26", "end": "00:04:28", "text": "opportunity. I think the same thing as"}, {"start": "00:04:27", "end": "00:04:29", "text": "you Manuel you're going to wait until"}, {"start": "00:04:28", "end": "00:04:31", "text": "you see a better"}, {"start": "00:04:29", "end": "00:04:33", "text": ">> opportunity with whereas the risk can be"}, {"start": "00:04:31", "end": "00:04:35", "text": "controlled to some to somewhat"}, {"start": "00:04:33", "end": "00:04:37", "text": ">> and furthermore it's like a like like a"}, {"start": "00:04:35", "end": "00:04:39", "text": "team. So I will never buy one name even"}, {"start": "00:04:37", "end": "00:04:41", "text": "if I had the best chart in the world."}, {"start": "00:04:39", "end": "00:04:42", "text": "This this is not the way you trade"}, {"start": "00:04:41", "end": "00:04:45", "text": "stocks. You have to have at least a"}, {"start": "00:04:42", "end": "00:04:47", "text": "portfolio of you have to have 20 20 25"}, {"start": "00:04:45", "end": "00:04:52", "text": "ideas at least"}, {"start": "00:04:47", "end": "00:04:55", "text": ">> to diversify risk. So well it's I really"}, {"start": "00:04:52", "end": "00:04:57", "text": "don't care about the SpaceX really. It's"}, {"start": "00:04:55", "end": "00:04:59", "text": "just a ticker. It's going to be a ticker"}, {"start": "00:04:57", "end": "00:05:01", "text": ">> but I'm sure the Elon Musk bros they"}, {"start": "00:04:59", "end": "00:05:02", "text": "will buy it. Something you mentioned to"}, {"start": "00:05:01", "end": "00:05:05", "text": "me. Can you just say that again? Fund"}, {"start": "00:05:02", "end": "00:05:06", "text": "managers decide to allocate SpaceX into"}, {"start": "00:05:05", "end": "00:05:08", "text": "their portfolio."}, {"start": "00:05:06", "end": "00:05:09", "text": ">> Yeah they will force to do that because"}, {"start": "00:05:08", "end": "00:05:11", "text": "SpaceX is going to be included in the"}, {"start": "00:05:09", "end": "00:05:14", "text": "index. I think forever they bent a"}, {"start": "00:05:11", "end": "00:05:15", "text": "little bit the rules so that it will be"}, {"start": "00:05:14", "end": "00:05:18", "text": "immediately included in the index in the"}, {"start": "00:05:15", "end": "00:05:23", "text": "indices. So it means that uh for"}, {"start": "00:05:18", "end": "00:05:25", "text": "instance spy and other ETFs by they must"}, {"start": "00:05:23", "end": "00:05:28", "text": "include the new ticker if the ticker is"}, {"start": "00:05:25", "end": "00:05:32", "text": "in is is belongs to the S&P 500 and"}, {"start": "00:05:28", "end": "00:05:35", "text": "other indexes tech NASDAQ 100 whatever."}, {"start": "00:05:32", "end": "00:05:37", "text": "So this means two things first but they"}, {"start": "00:05:35", "end": "00:05:39", "text": "need liquidity. So they need to sell"}, {"start": "00:05:37", "end": "00:05:41", "text": "other holdings just to rebalance in"}, {"start": "00:05:39", "end": "00:05:43", "text": "order to make room to make room for the"}, {"start": "00:05:41", "end": "00:05:45", "text": "new stock. I may be wrong because I"}, {"start": "00:05:43", "end": "00:05:47", "text": "don't know the future but I think that"}, {"start": "00:05:45", "end": "00:05:51", "text": "is going to put pressure in an in an"}, {"start": "00:05:47", "end": "00:05:53", "text": "already weakened market. So because they"}, {"start": "00:05:51", "end": "00:05:56", "text": "will have to sell Nvidia and other names"}, {"start": "00:05:53", "end": "00:05:59", "text": "just to make room for the new ticker"}, {"start": "00:05:56", "end": "00:06:00", "text": "that must be in the index. So I think"}, {"start": "00:05:59", "end": "00:06:03", "text": "this is not good for the market and"}, {"start": "00:06:00", "end": "00:06:06", "text": "furthermore the market is already facing"}, {"start": "00:06:03", "end": "00:06:09", "text": "headwinds. So, this is going to be the"}, {"start": "00:06:06", "end": "00:06:12", "text": "last needle that broke the camel's back."}, {"start": "00:06:09", "end": "00:06:12", "text": "Not for a bare market, but for a"}, {"start": "00:06:12", "end": "00:06:13", "text": "correction."}, {"start": "00:06:12", "end": "00:06:16", "text": ">> Guys, make sure you check out Manuel"}, {"start": "00:06:13", "end": "00:06:18", "text": "Bl's excellent newsletter, which is the"}, {"start": "00:06:16", "end": "00:06:20", "text": "Dow Theory.com. Manuel has provided you"}, {"start": "00:06:18", "end": "00:06:21", "text": "a very nice discount and offer as you"}, {"start": "00:06:20", "end": "00:06:23", "text": "can see here. Go ahead and check it out."}, {"start": "00:06:21", "end": "00:06:24", "text": "H the link is in the description. Go"}, {"start": "00:06:23", "end": "00:06:25", "text": "ahead and check it out. Thank you very"}, {"start": "00:06:24", "end": "00:06:25", "text": "much, Manuel. Hope to see you in the"}, {"start": "00:06:25", "end": "00:06:27", "text": "next video."}, {"start": "00:06:25", "end": "00:06:31", "text": ">> Thank you. Thanks for having me here."}, {"start": "00:06:27", "end": "00:06:31", "text": "It's a pleasure as always."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "All right guys, hello and welcome. I'm"}, {"start": "00:00:01", "end": "00:00:04", "text": "joined here by Manuel Blly the dow"}, {"start": "00:00:02", "end": "00:00:06", "text": "theory.com. We're going to talk about"}, {"start": "00:00:04", "end": "00:00:08", "text": "gold and silver. Why? Because just"}, {"start": "00:00:06", "end": "00:00:11", "text": "recently a very critical and important"}, {"start": "00:00:08", "end": "00:00:13", "text": "signal has triggered on metals. Uh so"}, {"start": "00:00:11", "end": "00:00:14", "text": "Manuel tell us about the significance of"}, {"start": "00:00:13", "end": "00:00:17", "text": "this signal that has triggered on metals"}, {"start": "00:00:14", "end": "00:00:19", "text": "on gold and silver. What does it mean?"}, {"start": "00:00:17", "end": "00:00:21", "text": "Now of course it is based on the Dow"}, {"start": "00:00:19", "end": "00:00:23", "text": "theory but what does it mean in"}, {"start": "00:00:21", "end": "00:00:25", "text": "application to the metals?"}, {"start": "00:00:23", "end": "00:00:27", "text": ">> It means that we are now in a bare"}, {"start": "00:00:25", "end": "00:00:30", "text": "market and that the most likely outcome"}, {"start": "00:00:27", "end": "00:00:33", "text": "is lower prices. Nobody can predict the"}, {"start": "00:00:30", "end": "00:00:35", "text": "future but there is a statistical record"}, {"start": "00:00:33", "end": "00:00:37", "text": "and when the dollar theory gets bearish"}, {"start": "00:00:35", "end": "00:00:39", "text": "the most likely outcome is lower prices"}, {"start": "00:00:37", "end": "00:00:42", "text": "and for more not in just one or two"}, {"start": "00:00:39", "end": "00:00:45", "text": "weeks normally a bare signal may last at"}, {"start": "00:00:42", "end": "00:00:47", "text": "the very least five six seven or even 3"}, {"start": "00:00:45", "end": "00:00:49", "text": "4 months. So it means that the most"}, {"start": "00:00:47", "end": "00:00:51", "text": "likely outcome is lower prices."}, {"start": "00:00:49", "end": "00:00:52", "text": ">> I think you mentioned this in your"}, {"start": "00:00:51", "end": "00:00:54", "text": "newsletter but it's worth just sharing"}, {"start": "00:00:52", "end": "00:00:57", "text": "this. Essentially we had a secondary"}, {"start": "00:00:54", "end": "00:01:00", "text": "reaction drop on gold and silver from"}, {"start": "00:00:57", "end": "00:01:01", "text": "the parabolic highs. So when gold and"}, {"start": "00:01:00", "end": "00:01:04", "text": "silver are parabolically going higher"}, {"start": "00:01:01", "end": "00:01:06", "text": "and higher some months ago, by the way,"}, {"start": "00:01:04", "end": "00:01:07", "text": "we warned about that parabolic rally at"}, {"start": "00:01:06", "end": "00:01:09", "text": "the time. Those of you who watch my"}, {"start": "00:01:07", "end": "00:01:11", "text": "videos, you know I was warning that"}, {"start": "00:01:09", "end": "00:01:14", "text": "things were very dangerous for metals"}, {"start": "00:01:11", "end": "00:01:15", "text": "and a potential drop could occur. I"}, {"start": "00:01:14", "end": "00:01:17", "text": "remember I got a lot of lot of"}, {"start": "00:01:15", "end": "00:01:18", "text": ">> they were ridiculed"}, {"start": "00:01:17", "end": "00:01:20", "text": "everything."}, {"start": "00:01:18", "end": "00:01:21", "text": ">> That's right. Anyway, so after that"}, {"start": "00:01:20", "end": "00:01:23", "text": "secondary reaction dropped, we had a"}, {"start": "00:01:21", "end": "00:01:25", "text": "bounce which took several weeks and"}, {"start": "00:01:23", "end": "00:01:28", "text": "months and then finally just recently"}, {"start": "00:01:25", "end": "00:01:32", "text": "both gold and silver had have taken out"}, {"start": "00:01:28", "end": "00:01:34", "text": "the lows of March on closing prices"}, {"start": "00:01:32", "end": "00:01:36", "text": "based on a closing chart basis. So in"}, {"start": "00:01:34", "end": "00:01:38", "text": "other words, if we turn the chart to a"}, {"start": "00:01:36", "end": "00:01:40", "text": "line chart, you can see that gold and"}, {"start": "00:01:38", "end": "00:01:42", "text": "silver have taken out the March lows."}, {"start": "00:01:40", "end": "00:01:44", "text": "And according to Dowo theory rules as"}, {"start": "00:01:42", "end": "00:01:47", "text": "applied by Manuel Bllye and Jack Shannib"}, {"start": "00:01:44", "end": "00:01:50", "text": "this now has triggered a Dow theory sell"}, {"start": "00:01:47", "end": "00:01:52", "text": "signal or Dow theory bearish signal"}, {"start": "00:01:50", "end": "00:01:54", "text": "which as as you essentially explained"}, {"start": "00:01:52", "end": "00:01:56", "text": "Manuel this is not a good sign for"}, {"start": "00:01:54", "end": "00:01:59", "text": "metals it can indicate a bare market you"}, {"start": "00:01:56", "end": "00:01:59", "text": "said and potentially lower prices is"}, {"start": "00:01:59", "end": "00:02:01", "text": "that right"}, {"start": "00:01:59", "end": "00:02:05", "text": ">> yeah that's right and from our we got a"}, {"start": "00:02:01", "end": "00:02:07", "text": "signal because silver also confirmed"}, {"start": "00:02:05", "end": "00:02:09", "text": "because the first breakdown was I think"}, {"start": "00:02:07", "end": "00:02:12", "text": "on Friday"}, {"start": "00:02:09", "end": "00:02:14", "text": "June 5th by gold but silver did not"}, {"start": "00:02:12", "end": "00:02:16", "text": "confirm. So we still didn't have the"}, {"start": "00:02:14", "end": "00:02:18", "text": "bare market signal that this is"}, {"start": "00:02:16", "end": "00:02:20", "text": "important because this is why the three"}, {"start": "00:02:18", "end": "00:02:23", "text": "signals are so strong because we use"}, {"start": "00:02:20", "end": "00:02:26", "text": "confirmation. So okay we get gold"}, {"start": "00:02:23", "end": "00:02:29", "text": "piercing its March lows. Okay, this is"}, {"start": "00:02:26", "end": "00:02:33", "text": "bad omen. But it's not enough to turn"}, {"start": "00:02:29", "end": "00:02:36", "text": "bearish. But then when another asset in"}, {"start": "00:02:33", "end": "00:02:40", "text": "this case silver confirms, then this"}, {"start": "00:02:36", "end": "00:02:42", "text": "triggers the sell signal and this means"}, {"start": "00:02:40", "end": "00:02:43", "text": "that the situation is really bearish"}, {"start": "00:02:42", "end": "00:02:47", "text": "because confirmation is very important."}, {"start": "00:02:43", "end": "00:02:51", "text": "So when the two of them go go south, a"}, {"start": "00:02:47", "end": "00:02:54", "text": "bad sign. In addition to that, we should"}, {"start": "00:02:51", "end": "00:02:58", "text": "also keep pay pay attention keep an eye"}, {"start": "00:02:54", "end": "00:03:00", "text": "on um the gold and silver miners ETF. So"}, {"start": "00:02:58", "end": "00:03:03", "text": "GDX"}, {"start": "00:03:00", "end": "00:03:06", "text": "and S I L S and GDX."}, {"start": "00:03:03", "end": "00:03:09", "text": ">> And when you get also confirmation from"}, {"start": "00:03:06", "end": "00:03:12", "text": "the miners that they are bearish, this"}, {"start": "00:03:09", "end": "00:03:15", "text": "is also bearish for the minerals. And"}, {"start": "00:03:12", "end": "00:03:16", "text": "this is precisely what has happened"}, {"start": "00:03:15", "end": "00:03:18", "text": "right now. And then of course when you"}, {"start": "00:03:16", "end": "00:03:21", "text": "get multimarket confirmation not only"}, {"start": "00:03:18", "end": "00:03:24", "text": "the confirmation by silver but also the"}, {"start": "00:03:21", "end": "00:03:28", "text": "confirmation from the ETFs the ETF"}, {"start": "00:03:24", "end": "00:03:30", "text": "miners then it adds more weight to the"}, {"start": "00:03:28", "end": "00:03:33", "text": "various implications. Does it mean that"}, {"start": "00:03:30", "end": "00:03:35", "text": "this carved in a stone and for sure it"}, {"start": "00:03:33", "end": "00:03:39", "text": "will go lower? No, nothing is certain."}, {"start": "00:03:35", "end": "00:03:41", "text": "But the weight of evidence tilts toward"}, {"start": "00:03:39", "end": "00:03:42", "text": "bearish price action."}, {"start": "00:03:41", "end": "00:03:46", "text": ">> In other words, we have a unfavorable"}, {"start": "00:03:42", "end": "00:03:48", "text": "environment for right now. Yeah. So, in"}, {"start": "00:03:46", "end": "00:03:50", "text": "this environment, which is again"}, {"start": "00:03:48", "end": "00:03:52", "text": "unfavorable for metals, precious metals,"}, {"start": "00:03:50", "end": "00:03:53", "text": "we may see lower prices. By the way,"}, {"start": "00:03:52", "end": "00:03:55", "text": "guys, make sure you check out the again"}, {"start": "00:03:53", "end": "00:03:56", "text": "our discussion with Manuel BL in the"}, {"start": "00:03:55", "end": "00:03:59", "text": "member video. We've discussed targets"}, {"start": "00:03:56", "end": "00:04:01", "text": "and key levels. And also check out"}, {"start": "00:03:59", "end": "00:04:03", "text": "Manuel Blly's newsletter as well. Uh so,"}, {"start": "00:04:01", "end": "00:04:04", "text": "I think it's definitely worth reading"}, {"start": "00:04:03", "end": "00:04:06", "text": "Manuel Blly's newsletter for more"}, {"start": "00:04:04", "end": "00:04:09", "text": "details, especially as Manuel says, uh"}, {"start": "00:04:06", "end": "00:04:12", "text": "this is not a good sign uh for metals."}, {"start": "00:04:09", "end": "00:04:13", "text": "So, we could see further declines or"}, {"start": "00:04:12", "end": "00:04:15", "text": "potentially even a bare market. In other"}, {"start": "00:04:13", "end": "00:04:18", "text": "words, it could potentially be a a top,"}, {"start": "00:04:15", "end": "00:04:20", "text": "maybe a temporary top or a long-term"}, {"start": "00:04:18", "end": "00:04:22", "text": "top, but it's not it's not a good sign."}, {"start": "00:04:20", "end": "00:04:24", "text": "My own personal view is I don't think"}, {"start": "00:04:22", "end": "00:04:26", "text": "the highs of January for gold and silver"}, {"start": "00:04:24", "end": "00:04:28", "text": "are going to be taken out this year. Do"}, {"start": "00:04:26", "end": "00:04:30", "text": "you agree with that, Manuel? Do you"}, {"start": "00:04:28", "end": "00:04:31", "text": "think that the highs of January and uh"}, {"start": "00:04:30", "end": "00:04:33", "text": "silver are going to be taken out given"}, {"start": "00:04:31", "end": "00:04:34", "text": "the Dow theory bearish signal?"}, {"start": "00:04:33", "end": "00:04:36", "text": ">> No, I fully agree with you. There is"}, {"start": "00:04:34", "end": "00:04:39", "text": "lots of technical damage. Furthermore,"}, {"start": "00:04:36", "end": "00:04:42", "text": "this bearish signal was preceded by a"}, {"start": "00:04:39", "end": "00:04:45", "text": "huge parabolic rally which is bad. is"}, {"start": "00:04:42", "end": "00:04:47", "text": "good while it last but afterwards it's"}, {"start": "00:04:45", "end": "00:04:50", "text": "bad because now we need a period of"}, {"start": "00:04:47", "end": "00:04:52", "text": "digesting all this technical damage. We"}, {"start": "00:04:50", "end": "00:04:54", "text": "went parabolic then it was a sharp"}, {"start": "00:04:52", "end": "00:04:58", "text": "breakdown then there was the typical"}, {"start": "00:04:54", "end": "00:05:01", "text": "relief relief rally that trapped many"}, {"start": "00:04:58", "end": "00:05:06", "text": "bullish now once again we go to all-time"}, {"start": "00:05:01", "end": "00:05:08", "text": "highs. No, it was the relief rally and"}, {"start": "00:05:06", "end": "00:05:12", "text": "now we have a breakdown."}, {"start": "00:05:08", "end": "00:05:14", "text": "So piercing we have violated the I think"}, {"start": "00:05:12", "end": "00:05:17", "text": "was the March lows which were were until"}, {"start": "00:05:14", "end": "00:05:18", "text": "now the lowest lows which is totally"}, {"start": "00:05:17", "end": "00:05:20", "text": "bearish and furthermore if we look at"}, {"start": "00:05:18", "end": "00:05:23", "text": "the charts we see that there is lots of"}, {"start": "00:05:20", "end": "00:05:25", "text": "technical damage so lots of resistance"}, {"start": "00:05:23", "end": "00:05:28", "text": "has accumulated so it's going to take"}, {"start": "00:05:25", "end": "00:05:30", "text": "time to digest this so I I may be wrong"}, {"start": "00:05:28", "end": "00:05:33", "text": "I'm not I'm I'm not predicting the"}, {"start": "00:05:30", "end": "00:05:36", "text": "future and I don't need to but the most"}, {"start": "00:05:33", "end": "00:05:39", "text": "likely outcome is that we don't see new"}, {"start": "00:05:36", "end": "00:05:41", "text": "all-time highs this year on the longer"}, {"start": "00:05:39", "end": "00:05:44", "text": "run. Yes, because the countries are"}, {"start": "00:05:41", "end": "00:05:46", "text": "debasing the currency and there are many"}, {"start": "00:05:44", "end": "00:05:48", "text": "macroeconomic factors that favor higher"}, {"start": "00:05:46", "end": "00:05:51", "text": "prices, but now the market needs to"}, {"start": "00:05:48", "end": "00:05:53", "text": "digest all this technical damage."}, {"start": "00:05:51", "end": "00:05:55", "text": ">> I absolutely agree with you. Uh so yes,"}, {"start": "00:05:53", "end": "00:05:57", "text": "so again just to repeat that point, I'm"}, {"start": "00:05:55", "end": "00:05:59", "text": "not expecting and manual BL is not"}, {"start": "00:05:57", "end": "00:06:01", "text": "expecting the highs that were made in"}, {"start": "00:05:59", "end": "00:06:03", "text": "January this year to be taken out this"}, {"start": "00:06:01", "end": "00:06:05", "text": "year. But in the future years, you know,"}, {"start": "00:06:03", "end": "00:06:07", "text": "in the next several years, yeah, those"}, {"start": "00:06:05", "end": "00:06:09", "text": "those levels may get taken out"}, {"start": "00:06:07", "end": "00:06:11", "text": "potentially. Uh assuming that we get a"}, {"start": "00:06:09", "end": "00:06:13", "text": "resumption of the uptrend, uh"}, {"start": "00:06:11", "end": "00:06:16", "text": ">> and then some"}, {"start": "00:06:13", "end": "00:06:19", "text": ">> and and then some. Exactly. But for now,"}, {"start": "00:06:16", "end": "00:06:20", "text": "uh this year looks unlikely. As Emanuel"}, {"start": "00:06:19", "end": "00:06:23", "text": "Blly said, that is not set in stone. We"}, {"start": "00:06:20", "end": "00:06:25", "text": "could be wrong. But since we're dealing"}, {"start": "00:06:23", "end": "00:06:27", "text": "with probabilities here, not"}, {"start": "00:06:25", "end": "00:06:30", "text": "certainties, the probabilities are"}, {"start": "00:06:27", "end": "00:06:32", "text": "leaning in favor of the bears or more"}, {"start": "00:06:30", "end": "00:06:34", "text": "downside risk rather than upside at"}, {"start": "00:06:32", "end": "00:06:36", "text": "least for the next several months going"}, {"start": "00:06:34", "end": "00:06:38", "text": "to the end of the year. Guys, make sure"}, {"start": "00:06:36", "end": "00:06:40", "text": "you check out Manuel Blly's excellent"}, {"start": "00:06:38", "end": "00:06:42", "text": "newsletter which is the dow theory.com."}, {"start": "00:06:40", "end": "00:06:43", "text": "Manuel has provided you a very nice"}, {"start": "00:06:42", "end": "00:06:45", "text": "discount and offer as you can see here."}, {"start": "00:06:43", "end": "00:06:46", "text": "Go ahead and check it out. Uh the link"}, {"start": "00:06:45", "end": "00:06:48", "text": "is in the description. Go ahead and"}, {"start": "00:06:46", "end": "00:06:49", "text": "check it out. Thank you very much,"}, {"start": "00:06:48", "end": "00:06:49", "text": "Manuel. Hope to see you in the next"}, {"start": "00:06:49", "end": "00:06:50", "text": "video."}, {"start": "00:06:49", "end": "00:06:54", "text": ">> Thank you, Allesia. Thanks for having me"}, {"start": "00:06:50", "end": "00:06:54", "text": "here. It's a pleasure as always."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "All right, guys. Hello and welcome. In"}, {"start": "00:00:01", "end": "00:00:03", "text": "this particular video, I want to talk"}, {"start": "00:00:02", "end": "00:00:05", "text": "about what's been happening to the chart"}, {"start": "00:00:03", "end": "00:00:07", "text": "of Bitcoin. As we've seen, a lot of"}, {"start": "00:00:05", "end": "00:00:09", "text": "volatility and a severe drop in the"}, {"start": "00:00:07", "end": "00:00:12", "text": "price of Bitcoin, which has taken out"}, {"start": "00:00:09", "end": "00:00:14", "text": "the prior lows near 60K. So, I'm going"}, {"start": "00:00:12", "end": "00:00:17", "text": "to discuss with you the chart picture"}, {"start": "00:00:14", "end": "00:00:18", "text": "overall for Bitcoin this year. And also"}, {"start": "00:00:17", "end": "00:00:20", "text": "importantly, I'm joined here with my"}, {"start": "00:00:18", "end": "00:00:23", "text": "special guest, analyst, Manuel BLow"}, {"start": "00:00:20", "end": "00:00:24", "text": "theory.com. I'm going to get his view"}, {"start": "00:00:23", "end": "00:00:26", "text": "about the chart of Bitcoin as well."}, {"start": "00:00:24", "end": "00:00:27", "text": "Should be quite interesting. Before I"}, {"start": "00:00:26", "end": "00:00:29", "text": "start though, uh some of you are"}, {"start": "00:00:27", "end": "00:00:31", "text": "probably wondering why I have not posted"}, {"start": "00:00:29", "end": "00:00:33", "text": "a video on YouTube for some time. Uh the"}, {"start": "00:00:31", "end": "00:00:35", "text": "reason is I've been extremely busy with"}, {"start": "00:00:33", "end": "00:00:36", "text": "a lot of personal matters which I can't"}, {"start": "00:00:35", "end": "00:00:38", "text": "discuss here right now, but I'll tell"}, {"start": "00:00:36", "end": "00:00:39", "text": "you more about that next month in July."}, {"start": "00:00:38", "end": "00:00:41", "text": "Okay, let's go on to the chart of"}, {"start": "00:00:39", "end": "00:00:43", "text": "Bitcoin and let's bring in Manuel BL the"}, {"start": "00:00:41", "end": "00:00:46", "text": "Dow Theory here. Uh Manuel, thanks very"}, {"start": "00:00:43", "end": "00:00:47", "text": "much indeed for joining me. Um so, how"}, {"start": "00:00:46", "end": "00:00:49", "text": "are you by the way? You well?"}, {"start": "00:00:47", "end": "00:00:49", "text": ">> I'm fine. I'm very honored to be your"}, {"start": "00:00:49", "end": "00:00:51", "text": "guest."}, {"start": "00:00:49", "end": "00:00:53", "text": ">> Uh very kind of you. I appreciate it. Uh"}, {"start": "00:00:51", "end": "00:00:56", "text": "by the way just to uh give some context"}, {"start": "00:00:53", "end": "00:00:57", "text": "here uh I know that for example back in"}, {"start": "00:00:56", "end": "00:01:00", "text": "April when I la the last time I had"}, {"start": "00:00:57", "end": "00:01:02", "text": "manual buy here uh so Manuel mentioned"}, {"start": "00:01:00", "end": "00:01:04", "text": "that we had a bullish signal trigger on"}, {"start": "00:01:02", "end": "00:01:08", "text": "Bitcoin back I think it occurred in"}, {"start": "00:01:04", "end": "00:01:10", "text": "April and yeah and how come Bitcoin and"}, {"start": "00:01:08", "end": "00:01:13", "text": "Ethereum could not maintain themselves"}, {"start": "00:01:10", "end": "00:01:14", "text": "in an uptrend and they fell. So we'll"}, {"start": "00:01:13", "end": "00:01:16", "text": "get his view in a minute. Uh but let me"}, {"start": "00:01:14", "end": "00:01:18", "text": "just mention guys that if we look at the"}, {"start": "00:01:16", "end": "00:01:20", "text": "weekly chart of Bitcoin which I'll"}, {"start": "00:01:18", "end": "00:01:22", "text": "superimpose here so you can see it. you"}, {"start": "00:01:20", "end": "00:01:25", "text": "will see that Bitcoin actually got"}, {"start": "00:01:22", "end": "00:01:27", "text": "rejected from its weekly averages from"}, {"start": "00:01:25", "end": "00:01:28", "text": "the 21 weekly moving average. Something"}, {"start": "00:01:27", "end": "00:01:29", "text": "I mentioned by the way in the member"}, {"start": "00:01:28", "end": "00:01:32", "text": "videos. By the way, you probably know"}, {"start": "00:01:29", "end": "00:01:35", "text": "that in the past in the videos I put out"}, {"start": "00:01:32", "end": "00:01:37", "text": "there on YouTube, I mentioned that when"}, {"start": "00:01:35", "end": "00:01:40", "text": "price gets rejected from these weekly"}, {"start": "00:01:37", "end": "00:01:43", "text": "averages, especially weekly 21 and the"}, {"start": "00:01:40", "end": "00:01:45", "text": "weekly 34, it typically is a sign of a"}, {"start": "00:01:43", "end": "00:01:46", "text": "warning sign that something is not quite"}, {"start": "00:01:45", "end": "00:01:49", "text": "right. And by the way, in the member"}, {"start": "00:01:46", "end": "00:01:51", "text": "videos, I mentioned if Bitcoin were to"}, {"start": "00:01:49", "end": "00:01:54", "text": "trigger a break below the trend line"}, {"start": "00:01:51", "end": "00:01:55", "text": "support and 70,512,"}, {"start": "00:01:54", "end": "00:01:58", "text": "that could significantly increase"}, {"start": "00:01:55", "end": "00:02:01", "text": "downside risk to new lows. If Bitcoin"}, {"start": "00:01:58", "end": "00:02:03", "text": "were to drop down in a sustained way and"}, {"start": "00:02:01", "end": "00:02:05", "text": "breaks this support here, 70,500, which"}, {"start": "00:02:03", "end": "00:02:06", "text": "is also the trend line support, that"}, {"start": "00:02:05", "end": "00:02:08", "text": "actually could increase downside risk"}, {"start": "00:02:06", "end": "00:02:10", "text": "quite significantly. If we're to see a"}, {"start": "00:02:08", "end": "00:02:12", "text": "sustained break of the support at"}, {"start": "00:02:10", "end": "00:02:13", "text": "70,500,"}, {"start": "00:02:12", "end": "00:02:15", "text": "that actually could mean that Bitcoin is"}, {"start": "00:02:13", "end": "00:02:17", "text": "getting ready for a sustained decline."}, {"start": "00:02:15", "end": "00:02:20", "text": "In other words, a strong drop and"}, {"start": "00:02:17", "end": "00:02:21", "text": "potential risk of retesting this prior"}, {"start": "00:02:20", "end": "00:02:23", "text": "low of February and potentially even"}, {"start": "00:02:21", "end": "00:02:26", "text": "taking that level out and falling below"}, {"start": "00:02:23", "end": "00:02:28", "text": "60K by breaking the 70,512 level and the"}, {"start": "00:02:26", "end": "00:02:30", "text": "trend line. It has increased the"}, {"start": "00:02:28", "end": "00:02:33", "text": "likelihood that what we had so far was a"}, {"start": "00:02:30", "end": "00:02:34", "text": "corrective rally, potentially ABC rally"}, {"start": "00:02:33", "end": "00:02:36", "text": "up to this resistance region here and"}, {"start": "00:02:34", "end": "00:02:38", "text": "now breaking the support likely showing"}, {"start": "00:02:36", "end": "00:02:40", "text": "that Bitcoin getting rejected from"}, {"start": "00:02:38", "end": "00:02:43", "text": "resistance and the odds and the risk"}, {"start": "00:02:40", "end": "00:02:46", "text": "increasing for a potential decline and"}, {"start": "00:02:43", "end": "00:02:47", "text": "drop to take out this prior low again"}, {"start": "00:02:46", "end": "00:02:48", "text": "the lows of February. All right guys,"}, {"start": "00:02:47", "end": "00:02:50", "text": "thanks for watching that. Let's go back"}, {"start": "00:02:48", "end": "00:02:52", "text": "to our discussion with Manuel BL."}, {"start": "00:02:50", "end": "00:02:54", "text": "Manuel, so what happened? Uh I mean"}, {"start": "00:02:52", "end": "00:02:55", "text": "usually after a Dow theory bullish"}, {"start": "00:02:54", "end": "00:02:57", "text": "signal there usually is more"}, {"start": "00:02:55", "end": "00:03:00", "text": "follow-through to the upside and usually"}, {"start": "00:02:57", "end": "00:03:03", "text": "a bull market than resumes or indeed"}, {"start": "00:03:00", "end": "00:03:05", "text": "starts except it appears the one that"}, {"start": "00:03:03", "end": "00:03:06", "text": "occurred in April of this year seems to"}, {"start": "00:03:05", "end": "00:03:06", "text": "have been a false signal. Is that"}, {"start": "00:03:06", "end": "00:03:09", "text": "correct?"}, {"start": "00:03:06", "end": "00:03:13", "text": ">> Uh yes it was a false signal and I"}, {"start": "00:03:09", "end": "00:03:14", "text": "remember far more that in that video I"}, {"start": "00:03:13", "end": "00:03:17", "text": "said that there was lots of technical"}, {"start": "00:03:14", "end": "00:03:21", "text": "damage. So it was a bull signal"}, {"start": "00:03:17", "end": "00:03:24", "text": "but I remember I was skeptical as to"}, {"start": "00:03:21", "end": "00:03:26", "text": "it's reaching really lofty levels. I"}, {"start": "00:03:24", "end": "00:03:29", "text": "said look because there is lots of what"}, {"start": "00:03:26", "end": "00:03:32", "text": "technical damage of res of resistance"}, {"start": "00:03:29", "end": "00:03:34", "text": "above the breakout levels."}, {"start": "00:03:32", "end": "00:03:35", "text": ">> By the way man you actually made a very"}, {"start": "00:03:34", "end": "00:03:38", "text": "interesting point in the member video"}, {"start": "00:03:35", "end": "00:03:40", "text": "which we just did which is that uh about"}, {"start": "00:03:38", "end": "00:03:43", "text": "Ethereum being a strong confirmation"}, {"start": "00:03:40", "end": "00:03:44", "text": "leading indicator. Could you talk very"}, {"start": "00:03:43", "end": "00:03:46", "text": "briefly about that?"}, {"start": "00:03:44", "end": "00:03:48", "text": ">> Very briefly. It means that when Bitcoin"}, {"start": "00:03:46", "end": "00:03:51", "text": "makes a higher high and Ethereum does"}, {"start": "00:03:48", "end": "00:03:54", "text": "not confirm, so Ethereum is not making a"}, {"start": "00:03:51", "end": "00:03:56", "text": "higher high. This is a yellow flag. It"}, {"start": "00:03:54", "end": "00:03:58", "text": "does not mean a bare market. But it"}, {"start": "00:03:56", "end": "00:04:01", "text": "means that the higher high in Bitcoin is"}, {"start": "00:03:58", "end": "00:04:02", "text": "suspect. And this happened now in May."}, {"start": "00:04:01", "end": "00:04:04", "text": "If you look at the charts, for several"}, {"start": "00:04:02", "end": "00:04:07", "text": "days, I think three four days Bitcoin"}, {"start": "00:04:04", "end": "00:04:10", "text": "continue making higher highs while"}, {"start": "00:04:07", "end": "00:04:13", "text": "Ethereum did not. This also happened in"}, {"start": "00:04:10", "end": "00:04:16", "text": "January 2026 this year when many people"}, {"start": "00:04:13", "end": "00:04:18", "text": "thought that the the reaction was the"}, {"start": "00:04:16", "end": "00:04:21", "text": "end of the bare market and Bitcoin make"}, {"start": "00:04:18", "end": "00:04:24", "text": "made a higher high and Ethereum did not"}, {"start": "00:04:21", "end": "00:04:26", "text": "and you know what follow afterwards the"}, {"start": "00:04:24", "end": "00:04:28", "text": "big dive the big plunge"}, {"start": "00:04:26", "end": "00:04:32", "text": ">> and it also happened very importantly in"}, {"start": "00:04:28", "end": "00:04:35", "text": "October 20 2025"}, {"start": "00:04:32", "end": "00:04:38", "text": "when Bitcoin made an all-time high and"}, {"start": "00:04:35", "end": "00:04:41", "text": "Ethereum did not. Was this a bare market"}, {"start": "00:04:38", "end": "00:04:43", "text": "signal? No. But it was another a warning"}, {"start": "00:04:41", "end": "00:04:46", "text": "sign. And this is precisely the warning"}, {"start": "00:04:43", "end": "00:04:49", "text": "sign we got now in May this year with"}, {"start": "00:04:46", "end": "00:04:52", "text": "Bitcoin. And this is why in my latest"}, {"start": "00:04:49", "end": "00:04:55", "text": "crypto report in June 1st, I said a bull"}, {"start": "00:04:52", "end": "00:04:57", "text": "market under probation because I said,"}, {"start": "00:04:55", "end": "00:05:00", "text": "look, if Bitcoin does not reach"}, {"start": "00:04:57", "end": "00:05:02", "text": "confirmed by Ethereum this higher level,"}, {"start": "00:05:00", "end": "00:05:05", "text": "then the bull market is suspect. And"}, {"start": "00:05:02", "end": "00:05:07", "text": "suspect it was. To be honest, I was"}, {"start": "00:05:05", "end": "00:05:09", "text": "hoping the uptrend would continue. Uh"}, {"start": "00:05:07", "end": "00:05:11", "text": "because usually I've seen when a Dow"}, {"start": "00:05:09", "end": "00:05:12", "text": "theory bullish signal occurs, I was"}, {"start": "00:05:11", "end": "00:05:14", "text": "expecting and I was hoping that the"}, {"start": "00:05:12", "end": "00:05:16", "text": "uptrend would continue into the 80s, you"}, {"start": "00:05:14", "end": "00:05:18", "text": "know, mid 80s and higher levels. I"}, {"start": "00:05:16", "end": "00:05:20", "text": "wasn't expecting Bitcoin to break down"}, {"start": "00:05:18", "end": "00:05:22", "text": "that trend line support. But when it"}, {"start": "00:05:20", "end": "00:05:24", "text": "did, we had no choice but to change our"}, {"start": "00:05:22", "end": "00:05:25", "text": "mind. And as I mentioned in the me,"}, {"start": "00:05:24", "end": "00:05:27", "text": ">> no questions asked."}, {"start": "00:05:25", "end": "00:05:28", "text": ">> Exactly. No questions asked. Let's take"}, {"start": "00:05:27", "end": "00:05:30", "text": "a look at the chart. Let's dig into it."}, {"start": "00:05:28", "end": "00:05:33", "text": "Uh so Manuel as we can see here on the"}, {"start": "00:05:30", "end": "00:05:34", "text": "weekly chart uh so there is that trend"}, {"start": "00:05:33", "end": "00:05:37", "text": "line break that occurred on the right"}, {"start": "00:05:34", "end": "00:05:39", "text": "hand side we've reached at a 200 weekly"}, {"start": "00:05:37", "end": "00:05:42", "text": "moving average there at the green line"}, {"start": "00:05:39", "end": "00:05:44", "text": "on the chart and we look at the monthly"}, {"start": "00:05:42", "end": "00:05:48", "text": "chart something is interesting to me is"}, {"start": "00:05:44", "end": "00:05:50", "text": "the monthly 50 has now been reached as"}, {"start": "00:05:48", "end": "00:05:52", "text": "well uh now it doesn't mean it's going"}, {"start": "00:05:50", "end": "00:05:54", "text": "to hold those levels I mean as we know"}, {"start": "00:05:52", "end": "00:05:55", "text": "nothing is guaranteed here but it is"}, {"start": "00:05:54", "end": "00:05:58", "text": "interesting that those levels of support"}, {"start": "00:05:55", "end": "00:06:03", "text": "have now been tested the monthly"}, {"start": "00:05:58", "end": "00:06:05", "text": "and the weekly 200. But overall, where"}, {"start": "00:06:03", "end": "00:06:07", "text": "do you think Bitcoin may head to in the"}, {"start": "00:06:05", "end": "00:06:09", "text": "next several weeks and months? Assuming"}, {"start": "00:06:07", "end": "00:06:14", "text": "we stay below resistance,"}, {"start": "00:06:09", "end": "00:06:17", "text": ">> it could well go down to 50,000 49,000"}, {"start": "00:06:14", "end": "00:06:18", "text": "level. Look at that dotted gray line you"}, {"start": "00:06:17", "end": "00:06:22", "text": "have"}, {"start": "00:06:18", "end": "00:06:25", "text": ">> that is connecting the July August 20"}, {"start": "00:06:22", "end": "00:06:28", "text": "2025 lows. And this could this is a"}, {"start": "00:06:25", "end": "00:06:30", "text": "logical support on the chart."}, {"start": "00:06:28", "end": "00:06:32", "text": ">> So it could go down there."}, {"start": "00:06:30", "end": "00:06:33", "text": ">> Yeah. Yeah. This is the next the next"}, {"start": "00:06:32", "end": "00:06:34", "text": "target."}, {"start": "00:06:33", "end": "00:06:35", "text": ">> So this is the level"}, {"start": "00:06:34", "end": "00:06:36", "text": ">> exactly. Yeah."}, {"start": "00:06:35", "end": "00:06:37", "text": ">> I'm talking about there. So"}, {"start": "00:06:36", "end": "00:06:40", "text": ">> yes,"}, {"start": "00:06:37", "end": "00:06:43", "text": ">> just under 50K 49K."}, {"start": "00:06:40", "end": "00:06:44", "text": ">> Uh so that's that's your next potential"}, {"start": "00:06:43", "end": "00:06:45", "text": "key level."}, {"start": "00:06:44", "end": "00:06:46", "text": ">> Yes."}, {"start": "00:06:45", "end": "00:06:48", "text": ">> Yeah. It's interesting and I and I think"}, {"start": "00:06:46", "end": "00:06:51", "text": "you have a point there. So Manuel, what"}, {"start": "00:06:48", "end": "00:06:53", "text": "about the daily chart here with So it is"}, {"start": "00:06:51", "end": "00:06:55", "text": "quite a bit oversold. For example, on"}, {"start": "00:06:53", "end": "00:06:57", "text": "some on some key measurements, it seems"}, {"start": "00:06:55", "end": "00:06:59", "text": "that Bitcoin has fallen to oversold"}, {"start": "00:06:57", "end": "00:07:01", "text": "conditions and it's also taken out just"}, {"start": "00:06:59", "end": "00:07:03", "text": "near 60K. Do you think some kind of a"}, {"start": "00:07:01", "end": "00:07:05", "text": "bounce is likely? We haven't got it just"}, {"start": "00:07:03", "end": "00:07:07", "text": "yet, but do you think perhaps some kind"}, {"start": "00:07:05", "end": "00:07:09", "text": "of a short-term recovery bounce is"}, {"start": "00:07:07", "end": "00:07:10", "text": "probable in the next"}, {"start": "00:07:09", "end": "00:07:12", "text": ">> Yeah, but several days."}, {"start": "00:07:10", "end": "00:07:14", "text": ">> It would be it would be a dead cut"}, {"start": "00:07:12", "end": "00:07:16", "text": "bounce. I think all the oscillators are"}, {"start": "00:07:14", "end": "00:07:19", "text": "deeply oversold right now. It's"}, {"start": "00:07:16", "end": "00:07:21", "text": "possible. But don't make no mistake"}, {"start": "00:07:19", "end": "00:07:24", "text": "about it. It could be a relief rally, a"}, {"start": "00:07:21", "end": "00:07:26", "text": "dead cat, bounce. The trend is various."}, {"start": "00:07:24", "end": "00:07:30", "text": "And furthermore, if you couple this with"}, {"start": "00:07:26", "end": "00:07:32", "text": "the trend of gold, the trend of the"}, {"start": "00:07:30", "end": "00:07:35", "text": "stock market, it has not changed, but we"}, {"start": "00:07:32", "end": "00:07:38", "text": "see bearishness all around, which means"}, {"start": "00:07:35", "end": "00:07:40", "text": "tight liquidity. So, this is a headwind"}, {"start": "00:07:38", "end": "00:07:43", "text": "against Bitcoin. So, we can get a b a"}, {"start": "00:07:40", "end": "00:07:46", "text": "small bounce. Yes, it's normal. It's"}, {"start": "00:07:43", "end": "00:07:48", "text": "oversold. But is a change of trend? No,"}, {"start": "00:07:46", "end": "00:07:50", "text": "the trend is agree. Ethereum is"}, {"start": "00:07:48", "end": "00:07:53", "text": "confirming and for Ethereum is also"}, {"start": "00:07:50", "end": "00:07:55", "text": "confirming now the bearish action which"}, {"start": "00:07:53", "end": "00:07:58", "text": "is this is bearish. And for more if you"}, {"start": "00:07:55", "end": "00:08:01", "text": "look at the ratios uh Bitcoin against"}, {"start": "00:07:58", "end": "00:08:04", "text": "gold. Gold is falling but it's falling"}, {"start": "00:08:01", "end": "00:08:06", "text": "less than Bitcoin which is bearish for"}, {"start": "00:08:04", "end": "00:08:09", "text": "Bitcoin because if Bitcoin is going to"}, {"start": "00:08:06", "end": "00:08:11", "text": "be digital gold then Bitcoin should be"}, {"start": "00:08:09", "end": "00:08:13", "text": "stronger than gold. So we can see that"}, {"start": "00:08:11", "end": "00:08:15", "text": "Bitcoin is significantly underperforming"}, {"start": "00:08:13", "end": "00:08:16", "text": "gold. So"}, {"start": "00:08:15", "end": "00:08:18", "text": ">> look at the moving average, the green"}, {"start": "00:08:16", "end": "00:08:20", "text": "one. I I guess it's the 200 day."}, {"start": "00:08:18", "end": "00:08:22", "text": ">> 200. Yes. 200 is sloping downwards. Yes."}, {"start": "00:08:20", "end": "00:08:24", "text": ">> Yeah. Yeah. Like like my charts, I I pay"}, {"start": "00:08:22", "end": "00:08:26", "text": "lots of attention to the 200 day moving"}, {"start": "00:08:24", "end": "00:08:28", "text": "average. And look, it's ominous. And"}, {"start": "00:08:26", "end": "00:08:30", "text": "this is why"}, {"start": "00:08:28", "end": "00:08:34", "text": ">> when it was a bull market, I said it was"}, {"start": "00:08:30", "end": "00:08:37", "text": "under probation because this ratio is"}, {"start": "00:08:34", "end": "00:08:40", "text": "not good. And for Bitcoin to shine, to"}, {"start": "00:08:37", "end": "00:08:43", "text": "really be strong, it needs to be"}, {"start": "00:08:40", "end": "00:08:45", "text": "stronger than gold. Because if digital"}, {"start": "00:08:43", "end": "00:08:47", "text": "gold, Bitcoin is going to be the gold of"}, {"start": "00:08:45", "end": "00:08:48", "text": "the future, then it must be stronger"}, {"start": "00:08:47", "end": "00:08:51", "text": "than gold. And furthermore, if you if we"}, {"start": "00:08:48", "end": "00:08:53", "text": "zoom or Yeah. So if we take a longer"}, {"start": "00:08:51", "end": "00:08:55", "text": "perspective of the ratio, we will see"}, {"start": "00:08:53", "end": "00:08:57", "text": "that when Bitcoin in the past was really"}, {"start": "00:08:55", "end": "00:09:01", "text": "strong, it the ratio was bullish for"}, {"start": "00:08:57", "end": "00:09:01", "text": "Bitcoin. So Bitcoin look"}, {"start": "00:09:01", "end": "00:09:03", "text": ">> Yeah,"}, {"start": "00:09:01", "end": "00:09:04", "text": ">> you see."}, {"start": "00:09:03", "end": "00:09:07", "text": ">> Yeah, you're right."}, {"start": "00:09:04", "end": "00:09:09", "text": "was in in the past was really strong and"}, {"start": "00:09:07", "end": "00:09:12", "text": "making higher highs. The ratio notably"}, {"start": "00:09:09", "end": "00:09:13", "text": "the 200 day moving average the green the"}, {"start": "00:09:12", "end": "00:09:13", "text": "the green line"}, {"start": "00:09:13", "end": "00:09:16", "text": ">> yes"}, {"start": "00:09:13", "end": "00:09:18", "text": ">> was trending upwards and and now it's"}, {"start": "00:09:16", "end": "00:09:20", "text": "ominous but it's really trending"}, {"start": "00:09:18", "end": "00:09:22", "text": "downward. So it means that even though"}, {"start": "00:09:20", "end": "00:09:25", "text": "gold has fallen it has fallen less than"}, {"start": "00:09:22", "end": "00:09:27", "text": "Bitcoin. So gold is stronger. So"}, {"start": "00:09:25", "end": "00:09:29", "text": "physical gold is stronger than digital"}, {"start": "00:09:27", "end": "00:09:32", "text": "one. This is not good. So we're looking"}, {"start": "00:09:29", "end": "00:09:36", "text": "at a chart of uh Micro Strategy divided"}, {"start": "00:09:32", "end": "00:09:37", "text": "by Bitcoin on this chart. So what do you"}, {"start": "00:09:36", "end": "00:09:38", "text": "what do you see in this chart? What is"}, {"start": "00:09:37", "end": "00:09:42", "text": "it telling you?"}, {"start": "00:09:38", "end": "00:09:45", "text": ">> I see huge bearish action. Look, when"}, {"start": "00:09:42", "end": "00:09:49", "text": "the market for crypto for Bitcoin is"}, {"start": "00:09:45", "end": "00:09:51", "text": "risk on Micro Strategy is the leverage"}, {"start": "00:09:49", "end": "00:09:53", "text": "play. So Micro Strategy tends to"}, {"start": "00:09:51", "end": "00:09:55", "text": "outperform Bitcoin and this is bullish"}, {"start": "00:09:53", "end": "00:10:00", "text": "for Bitcoin. When on the other hand the"}, {"start": "00:09:55", "end": "00:10:03", "text": "crypto space is risk off then strategy"}, {"start": "00:10:00", "end": "00:10:06", "text": "becomes weaker than bitcoins in this"}, {"start": "00:10:03", "end": "00:10:09", "text": "chart it means that then the ratio goes"}, {"start": "00:10:06", "end": "00:10:12", "text": "under because bitcoin falls but falls"}, {"start": "00:10:09", "end": "00:10:14", "text": "less than strategy and this is bearish"}, {"start": "00:10:12", "end": "00:10:16", "text": "for bitcoin. So yes I'm falling less but"}, {"start": "00:10:14", "end": "00:10:18", "text": "I am falling and it means a risk of"}, {"start": "00:10:16", "end": "00:10:20", "text": "environment but this is bearish for"}, {"start": "00:10:18", "end": "00:10:21", "text": "bitcoin. It's worth mentioning just"}, {"start": "00:10:20", "end": "00:10:24", "text": "something interesting and important here"}, {"start": "00:10:21", "end": "00:10:26", "text": "which is this particular rally that"}, {"start": "00:10:24", "end": "00:10:30", "text": "we're seeing here. If we measure that"}, {"start": "00:10:26", "end": "00:10:33", "text": "and then we project that from this low"}, {"start": "00:10:30", "end": "00:10:35", "text": "the 100% projection of that. So the"}, {"start": "00:10:33", "end": "00:10:39", "text": "symmetrical 100% projection was this red"}, {"start": "00:10:35", "end": "00:10:41", "text": "level. So that 80,960 level here or 81K"}, {"start": "00:10:39", "end": "00:10:44", "text": "uh was a level essentially that Bitcoin"}, {"start": "00:10:41", "end": "00:10:47", "text": "held. Bitcoin held this level, this"}, {"start": "00:10:44", "end": "00:10:49", "text": "resistance and also at the uh the 200"}, {"start": "00:10:47", "end": "00:10:51", "text": "moving average here and then dropped"}, {"start": "00:10:49", "end": "00:10:54", "text": "below support. So some kind of a"}, {"start": "00:10:51", "end": "00:10:56", "text": ">> a larger degree corrective pattern"}, {"start": "00:10:54", "end": "00:11:00", "text": "potential Awave,"}, {"start": "00:10:56", "end": "00:11:02", "text": ">> Bwave and a likely Cwave"}, {"start": "00:11:00", "end": "00:11:05", "text": ">> into resistance and then breaking of"}, {"start": "00:11:02", "end": "00:11:07", "text": "support indicated a continuation of the"}, {"start": "00:11:05", "end": "00:11:09", "text": "bare market. So I think it's just worth"}, {"start": "00:11:07", "end": "00:11:10", "text": "mentioning that at this point because"}, {"start": "00:11:09", "end": "00:11:12", "text": "it's always good to learn these points."}, {"start": "00:11:10", "end": "00:11:13", "text": "Thank you very much, Manuel. Guys, make"}, {"start": "00:11:12", "end": "00:11:15", "text": "sure you check out Manuel Bly's"}, {"start": "00:11:13", "end": "00:11:17", "text": "excellent newsletter, which is the dow"}, {"start": "00:11:15", "end": "00:11:19", "text": "theory.com. Manuel has provided you a"}, {"start": "00:11:17", "end": "00:11:21", "text": "very nice discount and offer as you can"}, {"start": "00:11:19", "end": "00:11:23", "text": "see here. Go ahead and check it out. Uh"}, {"start": "00:11:21", "end": "00:11:24", "text": "the link is in the description and"}, {"start": "00:11:23", "end": "00:11:26", "text": "Manuel, can you just briefly tell us"}, {"start": "00:11:24", "end": "00:11:28", "text": "what's involved uh in the crypto report"}, {"start": "00:11:26", "end": "00:11:30", "text": "that you do? So, I think you uh cover"}, {"start": "00:11:28", "end": "00:11:32", "text": "the chart of Bitcoin and Ethereum."}, {"start": "00:11:30", "end": "00:11:34", "text": ">> Yes. Well, there is on the one hand the"}, {"start": "00:11:32", "end": "00:11:37", "text": "stock market letter and also there is a"}, {"start": "00:11:34", "end": "00:11:38", "text": "separate specific crypto report and then"}, {"start": "00:11:37", "end": "00:11:39", "text": "of course I analyze the charts the"}, {"start": "00:11:38", "end": "00:11:42", "text": "rations things that we have been"}, {"start": "00:11:39", "end": "00:11:43", "text": "discussing whether is stronger than gold"}, {"start": "00:11:42", "end": "00:11:45", "text": "not one thing I should say is that the"}, {"start": "00:11:43", "end": "00:11:46", "text": "research that manual blight does is"}, {"start": "00:11:45", "end": "00:11:48", "text": "phenomenal it's fantastic and guys I"}, {"start": "00:11:46", "end": "00:11:50", "text": "would highly suggest go ahead and check"}, {"start": "00:11:48", "end": "00:11:53", "text": "it out a really nice offer is there for"}, {"start": "00:11:50", "end": "00:11:54", "text": "you uh again it's in the description go"}, {"start": "00:11:53", "end": "00:11:55", "text": "ahead and check it out thank you very"}, {"start": "00:11:54", "end": "00:11:57", "text": "much manual hope to see you in the next"}, {"start": "00:11:55", "end": "00:12:01", "text": "video thanks for having me here it's a"}, {"start": "00:11:57", "end": "00:12:01", "text": "pleasure as Always."}]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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